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SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON, D. C , SEPTEMBER 24, 1942
SELECTED BUSINESS INDICATORS
STEEL IN60T PRODUCTION
ELECTRIC POWER PRODUCTION
I1935-39-I00)
TOTAL FREIGHT CARL0AD1NGS
(BILLIONS OF KILOWATT HOURS)
(THOUSANDS OF CARS)
COST OF LIVING
COTTON CONSUMPTION
(1935-39- 100)
(DAILY AVERAGE-THOUSANDS OF.BALES)
125
MONTHLY DATA
115
100
«—~s~- - " —
95
1939
1940
1941
1942
— — ,.
1
.
.
1.. 1.. .. i . . i . .
,, 1,, 1,, 1,,
i.,
WEEKLY BUSINESS STATISTICS'
1942
Commodity prices, wholesale:
91.6
91.5
All commodities
1926=10091.6
91.2
107.2 106.7
Farm products
do
89.1
88.5
101.6 101.4
Food
_
.do
91.6
91.8
All other
do
"95.7 *95.7
28 basic commodities©...August 1939=100— 168.2 168,3 167.4 156.6 156.5
.176
.173
.187
.188
.187
Cotton, mid., i$U",10mktst
dol. per l b 1.16
1.14
1.20
1.17
Wheat, No. 2, hd. win. (K. C.).dol. per bu.- 1.20
133
131
128
153
Department store sales
.1935-39= 100—
Finance:
Bank debits, member banks in 101 cities:^
Total
mil. of d o l - 10,628 7,001 9,829 10,090 7,576
3,977 2,523 3,881 4,248 2,899
New York City
do
13,446 13,380 13,279 10,057 10,041
Currency in circulation
do
3,857 3,703 3,542 2,316 2,255
Federal Reserve bank credit, total
do
12,700 12,402 12,418 13,328 13,158
Member bank reserve balances
__do
3,039 2,348 2,262 5,249 5,111
Excess reserves, estimated
_-do
1941
1943
1941
Sept.19 Sept.12'Sept. 5 Sei>t.20)SepU3
Sept. 19 Sept. 12 Sept. 5 Scpt.20 Sept. 13
Finance—Continued.
Federal Reserve reporting member banks:
Deposits, demand, adjusted.mil. of doL. 28,085 27,650 27,21' 24.375 24,503
34,358 34,322 34,457 29.09S 29,230
Loans and investments, total_._.-do
20,588 20.525 20,580 14,408 14,496
U. S. Govt. obligations^
...do
Commercial, industrial, and. agricul! tural loans
mil. of dol.. 6,317 6,252 6,282 6,362 6,310
122
109
169
180
117
Failures, commercial
number..
3.29
3.33 3.33 3.33 3.30
Bond yields (Moody's)t
.percent..
69.2
68.9 84.6 82.8
Stock prices {Stan. & Poor) A. 1935-39= 100.. 68.7
Production:
2,080 1,870 1,735 1,914
Bituminous coalj
thous. of short tons.
3,571 3,673 3,273 3,322
Electric power
.mil. of kw.-hr_
3,902 3,683 4,074 4,034
PetroleumJ
thous. of bbl.
186.3 184.7 187.0 177.9 179.3
Steel®
1935-39=100.
908
915
888
815
Freight carloadings, total
thous. of cars.
400
390
420
379
Miscellaneous
^...do...
p
• Data do not cover calendar weeks in all cases.
Preliminary.
©Thursday prices. . JDaily average.
Olndex for week ended September 26, 184.3.
1 Debits to demand deposit accounts, except interbank and t ' . S. Government accounts, in 101 cities.
cPDirect and guaranteed.
A402 stocks.
MONTHLY BUSINESS
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
BUSINESS I N D E X E S
Industrial production (Federal Reserve):
Unadjusted, combined index.. 1935-39=100. Manufactures
:
do
Durable manufactures
do
Lumber and products*
do
Furniture-..
;
.do
Lumber..
_
do
Machinery*
do
Nonferrous metals*..
.
do
Stone, clay, and glass products*.do
Transportation equipment*
do
Auto., bodies, parts, etc
do
Nondurable manufactures
do...Chemicals*
do
Leather and products
do
Shoes*
.do
Manufactured food products*, --do
Meat packing..
do
Paper ana products*
do
Paper and pulp
do
' Revised,
p Preliminary.
483427—42
194S
1941
August
August
1943
June
July
STATISTICS
Earlier data are available in monthly issues of
the Surrey and the 1940 Supplement
BUSINESS
v 1S6
P 195
p 257
"P 138
p 135
p 140
p 294
v 193
(»)
p 453
(»)
* 144
v 165
p 114
v 114
v 172
P 134
(<*}
(*)
163
167
199
151
157
148
225
189
174
221
120
142
142
130
137
152
116
146
150
• D a t a for July are the latest available.
177
185
245
139
140
138
285
187
160
397
113
136
105
114
112
P140
149
133
134
1942
1941
August
August
1942
June
July
INDEXES-Continued
181 Industrial production (Federal Reserve)—Con.
Unadjusted, combined index—Con.
. 189
Manufactures—Con.
'252
Nondurable manufactures—Con.
'140
Petroleum and coal products*l935-39=100
137
Coke*
do.-.
'141
Petroleum refining
do
'287
Printing and publishing*
do
191
'152
Textiles and products
do—
'425
Cotton consumption*. _
do—
P118
Rayon deliveries*
do
'139
Wool textile production*
do
'165
Tobacco products
._..do--~'113
Minerals
do.
••114
Fuels*
-do.
P156
Anthracite
do.
'138
Bituminous coal
do
122
Crude petroleum
^.do
127
Metals
do.
•Now Series. See note on corresponding item in the
156
169
169
(•)
135
M33
»12S
M18
M40
P124
"199
P
131
154
128
121
154
1G0
170
166
122
'135
'126
'124
'138
122
187
11.5
164
108
103
'152
1G9
169
151
132
132
121
117
144
113
195
August 1912 SURVEY.
118
'165
110
96
'154
166
168
159
131
'132
121
122
141
'112
'198
MONTHLY BUSINESS STATISTICS—Continued
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
1942
1941
August
August
1942
June
July
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
BUSINESS INDEXES-Continued
COMMODITY PRICES—Continued
Industrial production—Continued
Adjusted, combined index
1935-39=100.
Manufactures
.___
do...
Durable manufactures
_do...
Lumbpr and products*..
_-.do._Furniture
do..Lumber
do.-.
Machinery*
_
do.-.
Nonferrous metals*...
-do...
Stone, clay, and glass products*.do...
Transportation equipment*
do-..
Auto, bodies* parts, etc
do...
Nondurable manufacturesdo...
Chemicals*
_
do—
Leather and products
do_-~
Shoes*...
doManufactured food products*.,.do...
Meatpacking
_do-..
Paper and products*
doL_.
Paper and pulp*
do...
Petroleum and coal products*—do...
Coke*
do.-.
Petroleum refining
do...
Printing and publishing*
do...
Textiles and products
do—
Cotton consumption*
do.-.
Rayon deliveries*.
do...
Wool textile production*
do...
Tobacco products
.do.,.
Minerals
do...
Fuels*
.
do...
Anthracite
do...
Bituminous coal
do...
Crude petroleum
do...
Metals
do...
Wholesale prices J—Continued.
Coal:
Anthracite, chest., comp.
dol. per short ton.
Bituminous, mine run, comp
do...
Bituminous, prepared sizes, comp...do...
Cotton, lOmkt. avg
_
dol. per lb.
Cotton cloth, mill margins
cents per lb.
Cottonseed oil, refined, summer, yellow,
prime, (N.Y.).
dol. per lb.
Dairy products:
Butter, 92 score (New York)...
do...
Milk, fluid, dealers', standard gr.
dol. per 100 lb.
Flaxseed, No. 1 (Mpls.)
dol. per bu.
Grain and grain products:
Barley:
No. 2 malting (Mpls.)
do...
No. 3 straight (Mpls.)
do...
Corn:
No. 3 yellow (Chicago)
do...
No. 3 white (Chicago)
do.-.
Weighted average, mkts., all grades
dol. perbu.
Oats, No. 3, white (Chicago)
do-..
Rice, head, clean (New Orleans)
dol. per lb..
Rye, No. 2 (Mpls.)
dol. per bu..
Wheat:
No. 1, Dark Nr. Spring (Mpls.).,.do...
No. 2, Red Winter (St. Louis)
do....
No. 2, Hard Winter (K. C.)
do....
Weighted average, 6 mkts., all grades
dol. per bu..
Wheat riour:
Standard patents (Mpls.)..dol. per bbl..
Winter straights (K. C.)
do—.
Lard in tierces, prime, contract (N. Y.)
dol. per lb..
Linseed oil (N.Y.)_
do....
Livestock:
Beef steers (Chicago)
dol. per 1001b-.
Steers, corn fed (Chicago).
do....
Calves, vealers (Chicago)
do
Hogs, average, all grades (Chicago)..do....
Sheep and lambs:
Ewes (Chicago)
_
do
Lambs (Chicago)
_
do
Lumber, Ponderosa pine, 1 x 8 , No. 3 common
_doL per M bd. ft..
Meats:
Beef, fresh, native steers (Chicago)
dol. per lb..
Hams, smoked (Chicago).
do
Petroleum and products:
Gasoline, tank wagon (N. Y.)
dol. per gal..
Gasoline, refinery (Okla.)
do ..
Potatoes, white (N. Y.)._..dol. per 100 l b . . .
Rosin, gum " H " (Sav.), blk. dol. per 100 l b Turpentine,gum,spirits (Sav.)_dol. per gal..
Purchasing power of the dollar:
Wholesale prices
1923-25=100Retail food prices
do....
Prices received by farmers
do
Cost ofliving
do
* 391
*127
* 131
P125
*294
p 168
P 101
»149
* 155
166
p'lOS
* 156
169
169
130
»135
*> 131
*160
161
166
199
140
152
134
224
189
154
241
141
139
145
122
121
132
134
147
152
130
354
126
129
154
160
170
166
118
••133
'130
'168
'150
119
148
176
184
243
133
144
127
285
187
138
397
113
130
'171
125
128
153
134
136
114
164
107
103
'152
151
122
133
128
127
168
113
159
180
188
'250
136
147
130
'287
' 191
M34
'425
' 172
'117
'117
» 143
'140
127
. 121
117
'165
109
'106
'154
166
168
159
121
'132
'128
156
160
'112
'157
COMMODITY PRICES
Cost ofliving (N. I. C. B.):
Combined index
1923=100.
Clothing
..do...
Food
_.
.do...
Fuel and light
..do...
Housing
do..Sundries-...
;.__
.do...
Cost ofliving (U. S. Dept. of Labor):
Combined index*
1935-39=* 100.
Clothing*
....do...
Food....
do....
Fuel, electricity, and ice*..
do...
Housefurnishings*
do...
Rent*..
_
do-.Miscellaneous*
do...
Wholesale prices (U. S. Dept. of Labor):
/ Combined index (899 quotations)-1926—100.
Economic classes:
Manufactured products
do—
Raw materials
do—
Semimanufactured articles.do—
Farm products
-do—
Grains
_
..do—
Livestock and poultry.....
do..Commodities other than farm products*
1926=100..
Foods...
........do
Cereal products*..~
do
Dairy products
....._....do
Fruits and vegetables
.do
Meats..
..do...
Commodities other than farm products
and foods
1926=100..
Building materials
do....
Brick and tile
do
Cement
do...
Lumber
do....
Paint and paint materials*
do
Chemicals and allied products
do...
Chemicals
do
Drugs and Pharmaceuticals
do...
Fertilizer materials
do....
Oils and fats *
_—.do...
Fuel and lighting materials
...do...
Petroleura products..
do
Hides and leather products
.do
Hides and skins
..do
Leather
„
do
Shoes
_
..do
House-furnishing goods
do...
Furnishings
do
Furniture
do...
Metals and metal products
do...
Iron and steel
..do
Metals, nonferrous
.do...
Plumbing and heating eouinment
1926=100
Textile products.
_
do
Clothing..
_
do...
Cotton goods
__
__do-..
Hosiery and underwear
do...
Rayon*
do
Woolen and worsted goods
do
Miscellaneous
do
Automobile tires and tubes
do
Paper and pulp.
do
Wholesale prices of individual commodities: §
Brick, com., comp. (f. o. b. pi.)
dol. per thous..
98.1
88.2
101.1
90.4
90.8
105.0
89.4
74.5
87.3
88.6
88.6
98.8
97.3
88.1
99.5
90.4
91.0
104.1
'97.8
88.0
100.3
90.4
90.8
r 105. 0
117.4
125.1
126.1
106.2
121.8
107.6
111. 1
106.2
106.9
108.0
103.2
108.9
106.3
104.0
116.4
125.3
123.2
105.0
122.3
108.5
110.9
116.9
125.3
124.6
106.3
122.4
107.7
111.0
P99.2
90.3
98.6
»98.7
101.2
92.7
106.1
89.8
122.6
91.5
87.6
89.5
87.4
79.6
99.0
98.6
99.8
92.8
104.4
88.8
116.9
»98.6,
100.1
92.8
105.3
89.1
117.8
*97.5
100.8
87.8
100.2
98.0
115.2
90.7
87.2
81.5
90.3
70.3
97.5
97.1
99.3
87.2
92.0
105.4
113.9
99.2
87.2
96.0,
98.5
113.4
» 95.6
110.3
98.7
94.2
133.0
100.1
96.2
96.3
129.0
78.3
101.6
79.0
60.7
126.4
102.7
107.9
97.5
*103.8
97.2
85.6
90.8
105.5
95.1
92.1
127.5
93.3
86.0
87.5
100.1
75.3
87.3
79.0
61.4
110.2
112.2
98.5
116.1
95.4
100.7
89.9
98.6
96.9
84.4
95.6
110.1
98.1
94.2
131.7
100.3
97.2
96.5
129.1
78.4
10S.5
78.4
59.8
118.2
118.5
101.3
126.4
102.9
108.1
97.4
103.9
97.2
85.6
»95.7
110.3
98.0
94.2
132.9
100.7
96.7
96.5
129.1
78.5
104.2
79.0
60.6
118.2
118.5
101.3
126.4
102.8
10S.0
97.5
94.1
97.3
107.2
112.9
69.7
30.3
111.7
88.9
73.0
98.9
86.8
88.3
95.1'
101.5
63.8
29.5
98.2
83.7
60.8
100.7
98.5
97.6
109.1
112.7
70.0
30.3
111.0
90.2
73.0
101.6
94.1
97.1
107.2
112.7
69.7
30.3
111.0
89.8
73.0
100.5
13.225
12.715
13.254
13.226
118.2
118.8
101.3
••Revised. »Preliminary. - D a t a for July are the latest available.
•New series. See note on corresponding item in the August 1942 SURVEY.
fNew series. See note on corresponding item in the August 1942 SUEVET*
97.2
85.6
1942
1941
August
August
10.340
4.787
5.021
.186
22.17
10.073
4.658
4.823
.161
20.53
.139
.119
.41
1942
June
July
10.342
4.775
4.939
.189
10.342
4.782
4.989
.194
21.27
r
21.82
.140
.138
2.76
2.40
2.40
1.89
.37
2.75
2.54
2.75
2.46
.82
.64
.55
.51
.89
.68
.80
.65
.84
1.02
.75
.84
.85
.86
1.00
.86
.49
.74
.37
.84
.49
.85
.48
.069
.59
.044
.62
1.13
1.26
1.11
l.Ofi
1.08
1.07
1.05
1.11
1.10
5.73
5.13
5.76
5.36
5.51
5.09
5.60
5.01
.129
.136
.103
.112
.127
.139
.128
.137
14,87
14.49
13.70
14.46
11.73
11.93
12.38
10.88
13.11
12.9P
13.00
14.27
13.63
13.13
13.13
14.39
6.19
13.37
4.84
10.88
6.11
13.85
6.00
13.28
31.53
29.37
31.51
31.30
.209
.303
.176
.285
.213
.295
.210
.295
,166
.059
1.794
2.91
.610
.149
.060
1.806
2.45
.667
.166
.056
2.883
2.95
.630
.186
.058
2.919
3.10
.644
100.8
99.9
90.2
103.6
111.5
117.1
112.2
113.8
102.1
102.7
97.4
104.5
.070
.61
1.14
1.22
1.08
1.14
1.19
1.11
f
102.0
101.5
95.4
104.0
CONSTRUCTION AND REAL. ESTATE
Contract awards, F. W. Dodge Corp. (37
states):
Total projects
number.. 30,055 50,551 51. 863 33,100
Total valuation
_._•
thous. of doL. 721,028 760,233 1,190,264 943,796
Building, total
do.... 507,875 518, 270 753,856 616,448
Construction cost indexes:
American Appraisal Co.: t
242
244
221
245
Average, 30 cities
1913=100-.
245
242
218
248
Atlanta
do....
250
250
250
New York
do
234
229
228
229
204
San Francisco
do....
240
241
223
St. Louis
do....
EMPLOYMENT AND WAGES
National Industrial Conference Board:
Avg. weekly hrs. per worker in factories
hours..
Factory average weekly earnings.. .dollars..
Factory average hourly earnings
do
Labor conditions:
Average weekly hours per worker in factories:
XT. S. Dept. of Labor (90industries).hours..
Wages:
Factory average weekly earnings:
U. S. Dept. of Labor (90 industries) .dollars.
Durable goods
_
do....
Nondurable poods
do
Factory average hourly earnings:
U. S. Dept. of Labor (90industries) . . d o . . . .
Durable goods
_
do
Nondurable goods
—do
C)
41.2
34.10
.828
'42.7
' 39. 52
.917
42.6
39.76
.927
41.0
42.6
42.4
31.66
36.55
25.38
' 38.00
r
44.02
r
28.33
38.52
44.61
28.61
.745
.830
.658
.727
.850
.946
.732
11,496
12,625
13,405
METALS AND MANUFACTURES
Iron ore (Lake Superior district):
Shipments from upper lake ports
thous. of long tons..
13,236
5'Of the wholesale price series for individual commodities published regularly in
the SURVEY, only those which showed changes from July to August are included
here.
U. 3 . GOVERNMENT PRINTING OFFICEt JS42
@FedFRASER