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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 25, 1941 SUMMARY OF BUSINESS TRENDS USINESS activity has moved moderately upward so far in B September, although gains over August levels in other than war lines are now being sharply limited by previous high rates 5-point rise in June and that further gains will largely depend on the rate at which new capacity can be brought in. The August increase resulted from a 2-point rise in the adjusted indexes of both durable goods and mineral production which more than offset a 1-point decline in the adjusted index for nondurables. Continued strong advances in output of machinery, aircraft, shipbuilding, and other items closely associated with defence more than offset a decline in1 automobile production and contributed heavily to the durable goods rise, while a more-thanseasonal increase in bituminous coal production plus a sharp contraseasonal gain in anthracite mining moved the minerals index upward. The high rate of production previously attained in nondurable lines made further expansion of the usual seasonal magnitudes difficult. As a result, the rise in nondurable output during August was not enough to prevent a slight decline in the adjusted index. Prices still move upward. The Bureau of Labor Statistics' weekly index of wholesale commodity prices advanced a full point in the latest 2-week period and is now close to 92 percent of the 1926 average. So far in September prices have increased for all classes of commodities with the exception of metals and metal d+ of operation. Petroleum output and electric power production have been in record volume, while the most recent week's production of bituminous coal exceeded 11 million tons—close to the 1941 high of 11.8 million tons established last March. In the same week freight carloadings began their climb to the fall peak by rising to 913,952 cars—highest since 1930. But in each of the above instances, the totals were only slightly higher than those attained during the latter weeks of August. Output of metals generally continues at near capacity rates. Detailed data are now available on industrial production In August and they show little more than the usual seasonal increase in aggregate output. During the month the newly revised Federal Reserve adjusted index of industrial production (193539 = 100) advanced to 161 from 160 in July. Output has moved forward at the rate of one point per month since June—a sharp reduction from the average monthly increase of more than 3 oints which prevailed during the first 6 months of the year. t is now apparent that much of the available slack in capacity, particularly in key raw materials, was finally taken up by the ? SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION ELECTRIC POWER PRODUCTION FREIGHT-CARLOADINGS (BILLIONS OF KILOWATT HOURS) (THOUSANDS OF CARS) (PERCENT OF CAPACITY) 4.0 3.5 1941 ^ /**__ 1940^ 2.5 2.0 %r V 1939 -*"' 15 I , I f 1 BITUMINOUS COAL PRODUCTION MISCELLANEOUS CAR LOADINGS (THOUSANDS OF VEHICLES) (CAtLY AVERAGE-THOUSANDS OF TONS) (THOUSANDS OF CARS) WEEKLY WHOLESALE PRICE INDEX. ALL COMMODITIES (1926- 100) 100 PRICES OF 350 INDUSTRIAL STOCKS 140 95 (INDEX. 1926 "100) 'WEDNESDAY CLOSC 120 to JA- 90 80 —^W .. I . . I , , 1 . , , . i . . ! , . . . . 100 y 85 75 70 _.l AUTOMOBILE PRODUCTION , . i , , l . , i . . 80 i COTTON CONSUMPTION (DAILY AVERAGE-THOUSANDS OF BALES) 45 40 35 30 25 20 15 413916-41 1939 . ,I,,1, , 1940 ,, t , , 1 . . 1 . , . . 1 . . 1 . . 1,.- INDUSTRIAL PRODUCTION 180 160 140 120 too 80 60 J_ 1938 I 60 1941 (SEASONALLY ADJUSTED, I93S-39 - 100) MONTHLY DATA , . i . . 1 . . i . , . . i . . i . . i . ;• 1938 1939 ., i. . i . . i . , . . i , . i. 1940 1941 WEEKLY BUSINESS INDICATORS' [Weekly average. 1923-25=100, except as indicated] 1941 1941 1939 1040 ITEM Sept. Sept. Sept. Aug. Aug. Sept. Sept. Sept. Sept. 20 13 6 30 23 21 14 23 16 Business activity:^ New York Times§ Barron's Business Week..— Commodity prices, wholesale: Dept. of Labor: Combined index, 1926=100. Farm products Food,... Allother 28 basic commodities© Fisher's index, 1926=100: Combined index _. Copper, electrolytict Cotton, middling, spot Construction contracts? .. Distribution: Carloadings Department store sales A Employment, Detroit, factory.,. Finance: Bond yieldst 130.2129. 3 130.5 130.8 111. 5 110.6 105.8 104.6 137. 7 136.9 137.1 137.6 112.6 111. 9 103.1 100.3 154.8152.8 154.3155.6133.1 131.6 117.1114.0 91.6 91.0 90.6 90.0 77.7 77.9 79.5 88.6 86.7 65.7 66.8 69.5 91.6 88.2 87.0 71.1 71.3 75.1 89.1 91.6 91.4 91.1 90.9 82.5 82.5 83.0 156.6 156.5 153.8 152.7 151.0 108.8 109.0 125.9 79.3 69.7 75.5 82.4 123.6 98.5 98.4 97.9 97.7 97.0 85.5 85.5 85.5 85.5 85.5 62.5 68.4 66.2 66. 141.4 81.9 81.8 83.2 82.5 80.4 81.2 85.5 85.5 33.5 34.9 36.4 71.1 78.6 95.9 83. 95.8 94.4 133 122 152 119 116.0 85.4 84.4 85.0 84.0 117 123 107 112 102.2 97.5 57.2 57.0 57.0 57.0 57.2 60.8 6L0 8.6 68.3 1940 1939 Sept. Sept. Sept. Aug. Aug, Sept. Sept. Sept. Sept. 20 13 6 30 23 23 16 21 14 Finance—Continued. Stock prices}: Banking: Debits, outside N. Y. C.J.... Federal Reserve reporting member banks: Loans, total. _. Interest rates: Call loanstTime loansj Currency in circulation? Production: Automobiles Bituminous coalj Cotton consum Electric poweri Lumber... Petroleum}. Steel ingots® Keceipts, primary markets: Cotton _. Wheat _ 94.0 94.5 94.2 93.7 98.7 97.3 113.2114.3 137.2 110.1129.9 114.0 123.3 105.3 90.9 101.0 91.7 87.4 87.8 87.2 85.5 19.5 69.3 66.6 66.5 24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2 28.6 28.6 28.6 28.6 28.6 28.6 28.6 207.1 206.8 206.7 204.6 202.8 166.6 166.6 149.2 149.2 77.1 67.6 41.9 50.8 L13.2 107.'.4 107.9 113.2 184.2 182.3 154.0 145.33 151.4 i2.7 51.5 57.1 57.9 100.2 80.4 70.4 54.0 19.4 91.4 105.2 1.7 1S9.7 132.3 130.4 130.0 131.. 3 149.9 130.0 130.2 119.2 118.9 63.2 59.0 57.4 54.1 52.9 200.0 189.2 198.6 197.1 179.6 180.9 182.5 169.7 173.1 174.5 173.4 173.8 173.2 159.3 157.6 136.2 120.6 109.2114.6 68.5 37.3 50.0 119.2 87.3 254.2 192.7 104.1 120.0 116.4 145.2 138.8 121.7 143.9 100.0 125.3 •Data do not cover calendar weeks in all cases. ^Seasonally adjusted. JDaily average. (fWeekly average, 1935-39*= 100. §Computed normal=100. Index revised-beginning Jan. 8, 1938: revised data not given in the issue of Jan. 23, 1941, and subsequent issues will be shown later. <8>Index for week ended Sept. 27 is 174.3. Data for 1941 are based on production of steel ingots and steel for castings. ©Thursday prices: August 1939=100. AWeekly average 1935-39=100. The index is compiled by the Board of Governors of the Federal Reserve System; it is not adjusted for seasonal variations. WEEKLY BUSINESS STATISTICS • 1940 1941 Sept. 20 .Sept. 13 COMMODITY PRICES, WHOLESALE Copper, electrolytic, New Yorkf dol. per lb._ Cotton, middling, spot, New York do Food index (Dun & Bradtireet) do Iron a n d steel, composite. _dol. per t o n . . W h e a t , N o . 2, H a r d Winter (Kansas City)-dol. per bu._ Banking: FINANCE Debits, New York City mil. of dol . Debits, outside New York City (140 c i t i e s ) . . _ . d o . „ . Federal Reserve banks: Federal Reserve bank credit, t o t a l . . . . . — „ . _ . d o XI, S. Government securities do M e m b e r bank reserve balances do Excess reserves, estimated . _<io Federal Reserve reporting member banks: Deposits, demand, adjusted.. do. Deposits, t i m e — . do Investments, total§ ,. do U . S. Government direct obligations do. Obligations fully guaranteed b y U. S. Government._•__„__ „. mil. of dol— Loans, t o t a l § . . do Commercial, industrial, and agricultural loans§ "• •• • m i l . of d o l . . Sept. 6 Aug. 30 Aug. 23 Sept. 21 1939 1938 Sept. 14 Sept. 23 Sept. 16 Sept. 24 Sept. 17 0.118 .380 3.33 38.15 1.14 0.118 .186 3.34 38.15 1.16 0.118 .180 3.28 38.15 1.12 0.118 .174 3.26 38.15 1.08 0.118 .170 3.21 38.15 1.08 0.111 .099 2.31 37.96 .76 0.112 .098 2.31 37.94 .74 0.118 .091 2.46 37.16 0.118 .095 2.45 36.76 .86 0.101 .083 2.42 36.44 .66 0.099 .080 2.44 36.50 .65 4,304 6,357 2,944 5,105 3,280 5,020 3,304 5,286 3,394 5,720 3,111 4,884 2,783 4,217 3,630 4,687 4,345 4,256 3,650 4,269 3,260 3,842 2,316 % 184 5,249 • 2, 255 2,184 13,158 5,111 2,241 2,184 12,884 4,857 2,281 2,184 12.998 4,994 2,272 2,184 13,037 5,058 2,495 2,434 13,624 6,531 2,485 2,434 13,596 6,541 2,883 2,826 11,549 5,275 2,873 2,824 11,526 5,271 2,596 2,564 8.014 2,744 2,596 2,564 8,425 3,131 24,375 5,430 18, Wil l , 088 24,503 5,431 • 18,255 11,183 24,349 5,426 18,335 11,251 24,453 5,431 18,410 11,292 24,455 5,435 18,337 11,279 20,984 5,355 15,592 21,079 5,360 15,629 9,377 18,175 5,225 14,020 8,428 5,233 14,074 15,288 5,216 13,011 8,131 15,443 5,238 12,629 7,794 3,320 10,917 3,313 10,975 3,316 10,903 3,316 10,697 3,314 10,688 2,583 8,692 2,587 8,665 2,230 8,319 2,222 8,315 1,672 8,254 1,670 8,335 6,362 6,310 6,222 6,183 6,180 4,578 4,571 4,201 4,159 3,889 3,905 Interest rates, call loansj _ percent1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 Interest rates, timeloanst . do 1.25 1.25 1.25 1.25 1.25 1.25 1.25 1.25 1.25 1.25 1.25 Exchange rates: Pound sterling! dollars.. "4.033 4.801 4.807 3.925 3.930 a 4.033 -4035 « 4.030 -4.032 -4.033 • 4.032 Failures, commercial __ number.. 239 180 169 269 216 227 200 145 249 Currency in circulation? .....mil. of dol.. 6,565 6,565 7,244 10,041 8,090 9,850 10,057 7,246 10,035 8,090 9,936 Security markets: 35,320 Bond sales (N. Y. S. E.) thous. of dol. par value. 31,230 33,200 33,350 70,870 31,310 29,570 97,980 26,800 23,090 35,430 4.16 Bond yields (Moody's) (120 bonds)% percent.. 4.18 3.30 3.96 3.29 3.94 3.51 3.30 3.52 3.29 3.29 7,679 Stock sales (N. Y. S. E.)... __ thous. of shares.. 5,035 9,663 3,577 17,295 3,454 2,247 2,280 2,183 2,340 2,206 9168 95.13 Stock prices (IV. Y. Time8)t---dol. per share.. 111.04 109.90 91.27 94.49 90.91 95.89 91.02 91.45 91.82 81.4 86.0 Stock prices (Standard and Poor's) (420)...1926=100.. 95.5 94.4 80.1 78.4 79.6 80.7 78.3 78.9 79.3 98.5 104.0 Industrials (350)....__.. 1 do. 113.7 112.2 95.4 93.0 91.9 93.4 92.8 93.4 93.9 68.6 72.3 Public utilities (40) do. 84.7 83.7 69.6 80.7 68.8 70.0 80.8 69.8 m.h 23.2 Railroads ( 3 0 ) . . - _ . . . . . . . . . do 25.1 31.2 31.1 27.5 26.9 28.0 26.2 28.0 28.1 27.0 PRODUCTION, CONSTRUCTION, AND DISTRIBUTION Production: 16,100 20,390 42,445 55,350 45,525 53,165 78,820 63,240 39,965 32,940 Automobiles!^* -•- ----------------- ^... - - . . - . . . --number. _ 60,615 1,254 1,343 1,510 1,557 1,554 1,792 1,838 1,523 1,829 1,927 Bituminous coalf... thous. of short tons 2,211 2,279 2,532 2,538 2,769 2,773 3,193 3,224 3,096 3,281 Electric power A -—-~-..mil. of kw-hr__3,251 3,239 3,681 3,422 3,621 3,647 4,005 3,815 3,675 4,034 Petroleum!-_.„.,.•,„_„..„„. thous.. of bbl_47.3 45.3 79.3 70.2 92.9 91.9 96.5 96.3 96.2 Steel inkots® pet. of capacity.- "~~96.T 9,467 13,085 13,354 11,416 12,622 15,645 22,701 Construction contract awardsj thous. of dol.. Distribution: 660,163 669,704 809,752 800,431 813.329 899,750 912.720 913,952 804,265 797,740 Freight carloadings, total —-.::___.:_•_.cars';: 127,151 136.457 158,436 163,445 155,585 182,632 151,269 184,698 16?, 767 183,808 Coal and coke „ do... 31,903 35,137 35,755 50,445 141,022 40,438 147,750 45,665 38,686 Forest products. ,. ...do... 39,577 43,625 50,112 46.791 42,494 40,943 43,536 45,045 36,878 Grains and grain products do... 16,728 16,509 12,013 19,384 19,551 17,379 18,592 12,462 14,453 12,617 Livestock _. do... 156,808 153,638 162,856 162,098 156,442 157,201 157,102 158,311 158,787 138,398 Merchandise, 1. c. 1 _ _ _.dq_.. 27,079 27,446 56,454 58,269 73,702 68,397 77,019 76,548 74,448 70,802 Ore..,,-. _ .do... 264,541 265,148 318,052 323,843 322,541 331,589 376,914 390,866 337,592 Miscellaneous , __ : do... Receipts: 275 237 254 267 247 • 219 Cattle and calvesf..—_'_.T_'—_"_ .-.I.'ithousands 226 289 . 230 202 345 274 Hogsf ...dp.__ 284 546 310 298 480 661 130 178 501 97 227 Cotton into sight—.-.-.-..._-..-thous; of bales;. 8,283 9,682 9,549 7,954 7,115 11,043 9,256 9,023 9,965 11,554 11,446 Wheat, at primary markets thous. of b u . . J D i l y verage;" ; • Data do not cover calendar weeks in all cases. ^Source: Ward's Automotive Reports. • Free rate. SData for 1938 not strictly comparable with data for later years; see note on corresponding data shown, on p. 51 of the 1940 Supplement. 0Rate for week ended Sept. 27, is 96.8; data beginning with July 1941 are based on estimated capacity as of June 30,1941, of 86,148,700 tons of open-hearth, Bessemer, and electric ingots and steel for castings. tReceipts at Buffalo and Cincinnati are now included and receipts at Oklahoma City and Wichita, formerly included, are omitted. AData revised beginning in the June 19,1941, issue to include certain additional governmental and industrial power generation not previously reported. MONTHLY BUSINESS STATISTICS 1941 1940 Earlier data are available in monthly issues of the Survey and the 1940 Supplement August August BUSINESS INDEXES Industrial production (Federal Reserve) :t Unadjusted: Combined index 1935-39=100Manufactures --do Durable manufacturesdo Iron and steel-do Lumber and products*— do Furniture* do Lumber* do Machinery*... do Nonferrous metals* do Stone, clay, and glass products*-do.,— Polished plate glass do Transportation equipment* do • Aircraft* — do— Automobiles do Locomotives* —do Eailroad cars*. do Shipbuilding*— do Nondurable manufactures. __ .do Chemicals* do Leather and products ....do..... Shoes*. do Manufactured food products* do Meat packing do Paper and products*.;._;_...__---..do-~Paper and pulp* do Petroleum and coal products* do Petroleum refining do Printing and publishing* do Rubber products* do Textiles and products do Cotton consumption* _._do Rayon deliveries* .do Silk deliveries* ._ do.... Wool textile production* do Minerals do. Fuels* _ do_ Anthracite—_ _ do Bituminous coal do Crude petroleum do Metals* do. Copper* doLead. do. Adjusted: Combined index do. Manufactures do_ Durable manufactures do Iron and steel do Lumber and products* do Furniture* do. Lumber* do. Machinery*.._ do Nonferrous metals* do Stone, clay, and glass products*-.do Polished plate glass do Transportation equipment* do Aircraft*. do...Automobiles do Locomotives* do Railroad cars*-do Shipbuilding*— do..,. Nondurable manufactures do Chemicals* do Leather and products do Shoes*. __ ~ do Manufactured food products* do Meatpackingdo Paper and products* do Paper and pulp*do Petroleum and coal products* do Petroleum refining.. ~do^ Printing and publishing*., do Rubber products* do.... Textiles and products do.-,. Cotton consumption* do-__T Rayon deliveries* ,do.,^_ Silk deliveries* do.,. T Wool textile production*.,T__Ttdor Minerals.. ,.-,. -.-do. T Fuels*. -do, Anthracite , ,.,.,_do.__ Bituminous coal. do Crude petroleum T.do__. Metals* , do,,, Copper* do.. Lead. , —.do.,. COMMODITY PRICES Cost of living (U. S. Department of Labor): Combined index*. _ _,- 1935-39=100. Clothing*.. „ do... Foodf __ _ do... Fuel, electricity, and ice*, do... Housefurnishines* ,.—„ ^.do__. Rent*. , —T do._. Miscellaneous* _ ..do.,. Wholesale prices (Dept. of Labor Indexes): Combined index (887 quotations) 1926=100Economic classes: Finished products ,__., do... R a w materials „ do... Semimanufactures ....do.,. Farm products , do.,. Grains J do... Livestock and poultry. do.,. * Revised. * Preliminary. • Data for July are the latest available. 1941 June July 1941 1940 Earlier data are available in monthly issues of the Survey and the 1940 Supplement August August 90.3 91.5 87.6 89.5 87.4 79.6 99.0 July COMMODITY PRICES—Continued Wholesale prices—Continued. 89.3 88.0 79.9 Commodities other than farm prod*-ly26=100-. 90.7 159 124 160 Foods ___ _ _do 84.7 83.1 70.1 87.2 '164 125 165 Dairy products _. do 87.7 84.3 74.3 90.3 139 198 197 Fruits and vegetables do 69.4 73.0 63.2 70.3 184 158 185 Meats do 93.8 90.8 76.1 97.5 140 144 123 Commodities other than farm products and 150 149 118 89.7 88.6 82.0 foods 1926=100-. 90.8 135 '142 126 Building materials.„ do 103.1 93.3 101.0 105.5 215 ••216 135 Brick and tile—., „ do. 94.2 92.5 90.1 95.1 185 '189 133 Cement..,. , __.do 92.1 91.9 90.6 92.1 172 166 Lumber do 122.3 117.6 98.4 127.5 149 96 Chemicals and allied products do 85.2 83.8 76.7 86.0 243 1-230 122 Chemicals do 87.3 87.2 84. S 87.5 922 1,003 460 Drugs and Pharmaceuticals d o . . , . 100.1 100.0 99.9 96.2 164 134 23 Fertilizer materials. , do 74.0 69.9 68.0 75.3 308 '342 124 • Fuel and lighting materials, do 78.5 77.9 71.1 79.0 235 ••234 130 Gas... .,--*--do 80.8 81.0 84.5 426 202 '459 Petroleum products. , .do.,.. 60.9 59.9 49.2 138 114 '138 Hides and leather products .do 109.4 96.9 107.8 110.2 137 112 '138 Hides and skins. ...^ do. 112.5 112.4 77.1 112.2 119 104 '123 Leather : . do. 98.1 97.9 88.3 Q8.5 119 114 ••127 Shoes .____—_, do 114.7 116.1 107.0 111.7 129 131 138 House-furnishing goods do 94.4 93.1 88.5 95.4 121 102 ••119 Furnishings.—., do. 99.7 99.0 94.8 100.7 143 —-140 -123 Furniture. _..—-^^.-_-_......^do._ 88.9 87.0 81.-8 89.9 147 121 144 Metals and metal products. do.... 98.6 98.fi 98.3 94.9 '128 114 J>129 Iron and steel... ,— do 96.8 96.5 94.8 96.9 124 110 *125 Metals, nonferrous.....—_^ do 84.7 84.5 79.1 84.4 126 102 '115 Plumbing and heating equipment..do 83.2 83.1 80.5 86.8 192 115 153 Textile products..,__ _ do 86.2 84.5 72.3 88.3 155 111 155 Clothing.... _ _ do. 93.9 91.6 85.6 95.1 160 114 162 Cotton goods 96.1 94.6 68.6 101.5 173 137 173 Hosiery and underwear -_,do 62.9 61.9 61.5 63.8 66 70 57 Rayon* do 29.5 29.5 29.5 29.5 r 163 '157 109 Silk* _ do 51.4 51.2 43.0 52.0 131 '130 117 Woolen and worsted goods.-do 96.5 94.6 83.7 68.2 122 '121 109 Miscellaneous — do 82.0 80.6 76.7 83.7 116 '107 Automobile tires and tubes do 85 58.8 58.8 58.8 60.8 132 128 Paper and pulp., do 111 98.8 98.0 93.5 100.7 119 '119 Wholesale prices of individual commodities: 111 184 Brick, common, composite (f. o. b. plant) 164 '186 152 135 dol. per thous— 12.723 12.094 12.483 12.604 148 116 114 Coal: 110 9.939 Anthracite, chest, comp__.dol, per short ton-- 10.073 9.558 9.807 Bituminous, mice run, comp do 124 '160 159 4.618 4.658 4.256 4.570 Bituminous, prepared sizes, comp. do '165 126 164 4.724 4.823 4.314 4.663 Coffee, Rio. No. 7 (N. Y.) dol. per lb,. .093 '199 143 195 .087 .082 .051 Cotton, middling (N. Y.) _ do 185 163 184 .164 .144 .098 .168 141 Cotton cloth: 114 135 19.06 Mill margins __ cents per lb,_ 20.53 11.23 21.84 161 115 154 Print cloth, 64 x 60 _ dol. per yd.. .080 '131 113 125 .078 .088 .048 Sheeting, unbleached, 4 x 4 do '216 138 .093 .093 .058 .095 213 '189 137 Cotton yarn: 184 .373 .365 .227 '151 22/1 cones (factory) _ dol. per lb_. .413 119 150 40/s, southern, Boston .__ do 146 114 .433 .433 .325 .475 152 Cottonseed oil, refined (N. Y.) do 257 149 .118 .115 .056 .119 242 Dairy products: 1,030 460 922 .35 .36 .36 .28 Butter, 92-score (N. Y.)—_ do. 154 148 71 .24 .22 .24 .17 Cheese, No. 1 Amer. (N. Y.) do—_ '342 296 123 '234 Milk: 210 127 5.48 5.40 5.80 5.00 Condensed (sweet'd) (N. Y.)-dol. per case.. '459 109 213 Evaporated (unsweet'd) (N. Y.)._._ do.._. 3.70 3.60 3.45 3.10 138 141 112 Fluid,dealers',stand.gr._,.dol. per 100 lb._ 2.32 2.29 2.18 2.40 145 144 115 Flaxseed, No. 1 (Mpls.) -dol. per bu_. 1.92 1.87 1.50 1.89 *127 130 97 Grain and grain products: '131 136 101 Corn: '126 127 114 .74 .74 .75 .66 No. 3 yellow (Chicago).., do. 125 124 119 .85 .82 .84 No. 3 white (Chicago) , do. 147 144 124 0) .71 .71 .74 .66 Weighted avg., 5 mkts., all grades do 152 149 123 Wheat: ••128 P128 113 1.00 1.06 - v74- - 1.01 No. 1, Dark Nr. Spring (Mpls.)..... do..._ »124 123 109 No. 2, Red Winter (St. Louis) do 1.03 1.02 .77 1.09 '126 127 110 .98 .97 No. % Hard Winter (K. C.).. do.— 153 .69 1.07 192 115 .99 .98 Weighted avg., 6mkts., all grades..— do... '155 .73 1.05 156 113 Wheat flour: '162 168 124 5.42 5.42 4.r7 Standard patents (Mpls.). -, - dol. per bbL; 5.76 173 190 127 Winter straights (K. O.) do, T . 5.06 4.77 3.71 5.36 78 73 61 Hides: '157 164 106 .150 .153 ,102 Packers','heavy, native ateers, dol. per lb_. .150 130 133 U3 "Calfskins, packers, 8 to 15 lb..— d o . . , . .218 .218 .234 .153 127 129 112 : Iron and steel: '137 126 115 Pig iron: 146 153 121 23.50 Basic (valleyfurnace),...dol. per long ton.. 23.50 22.50 23.50 '119 119 108 Composite—„_.,_-., , do... 24.15 24.15 23.15 24.15 '149 161 123 Foundry No. 2, northern (Pitts.) do... 25.89 24.89 25.89 25.89 158 165 139 Steel: 114 H7 114 .0265 .0265 .0265 .0265 Composite finished steel...,-~.dol. per lb. Steel billets, rerolling (Pittsburgh) 34.00 34.00 34.00 34.00 dol. per long ton. Structuralsteol (Pittsburgh)...dol. per lb. .0210 .0210 .0210 .0210 105.2 104.6 Steel scrap (Chicago) dol. per long ton. 18.75 18.75 18.03 18.75 104.2 103.3 Lard, in tierces: 106.7 105.9 .104 .055 .103 .101 Prime, contract (N. Y.) dol- per lb. 102.3 301.4 Refined (Chicago)..,.,.,.*, <lo.._ 107.2 105.3 .114 .112 .066 .118 Leather; 106.1 105." 8 .370 .415 .305 .415 Sole oak, scoured backs (Boston)..,—do... 103.7 103.3 Chrome, calf, "B " comp._._,dol. per sq. ft. .608 ,518 .442 .510 Linseed oil, N. Y ........dol. per lb. .113 .108 .087 .112 88.8 77.4 874 Livestock: 11.24 10.62 11.73 11.00 Beef steers, Chicago .-dol. per 100 lb. 90.1 81.0 88.6 Steers, qorn-fed,..„___..,,._.,---_..,,__do___ 86.1 69.8 12.01 11.88 11.93 11.33 83.6 Calves, vealers . do— 12.38 10.41 11.13 11.94 87.9 77.0 87.6 Hogs, heavy (Chicago) do.,.. 10.88 10.94 9.88 6 23 85.8 65.6 82.1 Sheep, ewes (Chicago) _.„.. do.... 76.3 4.41 4.10 3.50 4.84 59.3 75.9 Sheep, lambs d o — 10.88 98.9 71.5 10.75 11.13 8.75 93.0 •New series. See note on corresponding Item in the September 1941 Survey. i No quotation. tRevised series. See note on corresponding item in the September 1941 Survey. a* 106.0 105.9 108.0 103.2 108.1 106.3 103.8 1941 June MONTHLY BUSINESS STATISTICS—Continued 1941 Earlier data are available in monthly issues of the Survey and the 1940 Supplement August August COMMODITY PRICES—Continued Wholesale prices of individual commodities—Con. Lumber: Douglas fir: Dimension, No. 1, com.*..dol. per M bd. ft. 25.970 Flooring, " B " and better ,..do.._ 36.260 Southern pine flooring d o . . . 54.393 Ponderosa pine, 1x8, No. 2, common., do.... 33.870 Meats: .176 Beef, fresh, native steers (Chi.)-.dol. per lb.. .285 Hams, smoked (Chicago) do..., Nitrate of soda, 95 pet. (N. Y.)-._dol. per cwt.. 1.470 Nonferrous metals and products: Aluminum scrap, castings (N. Y.) dol. per lb_. .1100 Copper, electrolytic (N. Y.).... .do.,.. .1178 Lead, refined, pig, desilverized (N. Y.)_.do_... .0585 Tin, Straits (N. Y.) do.... .5236 .0725 Zinc, prime western (St. Louis) do .195 Brass sheets, mill do... .140 Oleomargarine,stand.,uncolored (Chi.) . d o . . . Petroleum and products: Crude petroleum (Kans.-Okla.).dol. per bbl.. 1.110 .058 Fuel oil (Pennsylvania)* dol. per gal.. .149 Gasoline, tank wagon (N. Y.) do.... .060 Gasoline, refining (Okla.) do.... .062 Kerosene, water white, 47°, refinery do .143 Lubricants, cylinder, refinery (Penn.)-.do Potatoes, white (N. Y.)__ dol. per lOOlb.. 1.806 Rayon, viscose, 150 denier, first quality minimum filament* dol. per lb.. 2.45 Rosin, gum, " H " (Sav.), bulk..dol.per 100 lb._ Rubber, crude, smoked sheets (N.'Y.).dol. perlb. .227 Silk, raw, Japanese, 13-15 (N. Y.) . . . d o . . . . 3.080 .037 Sugar, raw, 96°, centrifugal (N. Y.) do. .052 Sugar, refined, granulated (N. Y.) do. .6G7 Turpentine, gum, spirits (Sav.)...dol. per gt.._ .145 Veg. shortenings, tierces (Chi.) dol. per l b . . Wood pulp, sulphite, unbl. __..dol. per 100 lb.. 3.53 Wool: Raw, territory, fine scoured dol. per l b . . 1.05 .46 Raw, Ohio and Penn. fleeces do Suiting, unfinished worsted, 13 oz. (at mill) dol. per yd. . 2.129 1.330 Women's dress goods, Fr. serge do Worsted yarn, 2/32's (Boston) dol. per£lb.. 1.700 METALS AND MANUFACTURES Copper: Production: 977 Mine or smelter.. , short tons. _ 420 Refinery do.... Deliveries, refined, total d o — 1171262 Domestic... - d o — 117,262 72,154 Stocks, refined, end of month --..do RUBBER AND PRODUCTS Crude rubber: Consumption, total long tons.. 55,365 Stocks: 90,591 Afloat for United States... do United States do. 444,890 Reclaimed rubber: 20,864 Consumption ..do. 24,065 Production • do. 39,052 Stocks. end of month.. _ do. EMPLOYMENT AND WAGES Wages: Factory average weekly earnings: U. S. Dept. of Labor (90 industries)..dollars. Durable goods. do... Nondurable goods *. do... Factory average hourly earnings: U. S. Dept. of Labor (90 industries) do... Durable goods do... Nondurable goods do... Exports: FOREIGN TKADE Total, including reexports ^.thous. of dol. U. S. merchandise, total do... Crude materials do... Cotton, unmanufactured do..; Foodstuffs, total do... Crude foodstuffs do_._ Mfd. foodstuffs and beverages do... Fruits and preparations do— Meats and fats do... Wheat and flour do... Semimanufactures do... Finished manufactures do.__ Autos and parts do... Gasoline.. do... Machinery do... By individual commodities: Airplanes. number.. Automobiles assembled, total do Passenger cars do.... Trucks do.... 'Revised. 1940 1940 June July 22.908 29.645 43,045 28.170 24.990 35.280 49,143 33.310 25.970 36.260 51.446 33.520 .183 .178 1.450 .175 .256 1.470 .171 .275 1.470 .0838 .1071 .0485 .5118 .0639 .183 .118 .1100 .1181 .0585 .5267 .0725 .195 .133 .1100 .1181 .0585 .5335 .0725 .195 .140 .040 .128 .046 .049 .103 1.581 1.110 .053 .149 .058 .057 .123 2.363 1.110 .057 .149 .060 .059 .140 1.970 1.69 .196 2.529 .027 .043 .284 .093 3.46 .530 1.88 .219 3.019 .035 .049 .424 .133 3.46 .530 2.13 .222 3.019 .035 .050 .472 .143 3.46 .39 1.08 .46 1.07 .47 1.931 1.114 1.258 2.030 1.312 1.638 2.089 1.312 1.675 79,967 82,558 82,099 80,851 88,560 86,879 97,719 [15,139 143,122 L15,097 143,089 74,384 L98,955 98,164 84,912 68,653 [41,286 175,499 L94,760 339,108 132,304 395,216 14,464 17,161 28. S20 22,559 23,790 36,265 21,725 23,111 36,751 July July May June 31.20 35.80 25.15 25.25 28.52 21.87 30.78 35.57 24.48 ••31.85 '36.90 "25.09 .744 .826 .657 .667 .727 .615 .726 .806 .641 .738 .822 .650 53,307 358,649 317.015 384,636 329,776 348,890 312,337 376,354 323,728 29,824 31,987 28,647 29,034 4,516 4,716 7,861 4,389 45,763 20,407 25,323 33,173 7,291 5,368 7,706 8,388 38,472 12,701 16,935 27,805 3,240 1,538 3,262 2,117 17,324 3,151 2,472 11,254 2,048 2,593 3,923 2,573 53,279 75.545 65,136 51,019 220,025 .84,398 267,248 210,501 17,522 13,964 30,511 21,474 3,244 4,419 3,394 4,313 45,510 48,292 59,631 45,437 12,975 6,958 6,017 511 235 11,263 21,969 3,727 9.012 7,536 12,957 352 13,481 4,056 9,425 Earlier data are available in monthly issues of the Survey and the 1940 Supplement 1941 1940 July July FOREIGN TEADE—Continued Exports—Continued. Coal: 223 Anthracite.. thous. of long tons. Bituminousdo... 1,973 Coke ...do... 61 Copper, refined and mfrs. short tons. 11,077 Cotton (excluding linters).bales.. 32,718 Cotton cloth thous. of sq. yd.. 41,194 Fertilizers, total long tons. 164,695 Nitrogenous . d o . . . . 15,675 Phosphate materials .do 141,557 Prepared fertilizers .do 201 Gold. thous. of dol.. 6 Grains, incl. flour and meal thous. of bu._ 4,042 1,370 Corn, including meal do 2,413 Wheat, including flour .do Wheat only do 30 507 Wheat flour _ thous. of bbl._ Kerosene do 95 11 Leather, sole thous. of lb._ Leather, upper thous. of sq. ft.. 4,363 Lumber: Total sawmill products M bd ft.. 84,272 7,557 Sawed timber.. ...do 67,635 Boards, planks, scantlings, etc do Meats, total thous. of lb_. 105,774 5,473 Beef and veal ..do 80,005 Pork, including lard __do 53,819 Lard ___do21,605 Methanol, refined. -gallon Milk: Condensed (sweetened) l . . thous. of lb_. 7,111 60,153 Evaporated (unsweetened) do 6,336 Powdered ..^ ...do Motor fuel— ..thous. of bbl.. 1,212 207 Silver. thous. of dol.. 2,482 Sugar, refined long tons. Tires and tubes: Pneumatic; casings __ thousands.. 143 89 Inner tubes do... Tobacco, unmanufactured thous. of lb. 26.793 Vegetable oils, total thous. of lb. 4,729 Wood pulp, total, all grades. short tons. 35,387 Imports: General imports, total . thous. of dol.. 277,847 264,685 Imports for consumption, total do. Crude materials do. 119,260 22,886 Crude foodstuffs.. do 24,320 Mfd. foodstuffs and beverages do 62,248 Semimanufactures do Finished manufactures d o . . . . 35,971 By individual commodities: • Aluminum (bauxite). _.long tons^. 95.794 Cheese _ thous. of lb._ 2,094 Cocoa long tons.. 25,218 Coconut oil ..thous. of lb._ 30,973 Coffee thoiis. of bags.. Copper, total short tons.. For smelting, refining, and export do.._. 16,470 17,259 Copra... : do Cotton (excluding linters) bales.. 17,243 Fertilizers, total long tons.. 33,638 Nitrogenous, total d o — 32,591 Nitrate, of soda d o . . . . 16,350 25 Phosphates -do— Potash..... __do..._ 3 Flaxseed '. - -thous. of bu__ 1.051 Gold — thous. of dol_ 36,979 Hides and skins, total.. .thous. oflb. 50,686 Calf and kip skins do... 1,205 Cattle hides d o . . . 32,471 Goatskins. d o . . . 6,072 9,180 Sheep and lamb skins .do Iron ore -thous. of long tons.. 196 Lead, total, except manufactures (lead con' tent) short tons.. 22,160 Lumber, total sawmill prod M bd. ft.. 135,018 Manganese ore (manganese content) 33 thous. of long tons.. Newsprint... .-short tons.. 247,103 "Petroleum, crude thous. of bbl.. 4,657 576 Rayon t ..thous. oflb.. Rubber, crude, inch latex long tons.. 97,081 Silk, raw thous. of lb__ 2,347 Silver thous. of dol.. 3,561 Tea.." thous. oflb.. 10,679 Tin,*bars, blocks, etc . long tons.. 14,765 Tobacco, unmanufactured ...thous. oflb.. 6,042 Vegetable oils, total do— Paint oils d o . . . . 8,557 61,058 All other vegetable oils do Wood pulp, total, all grades short tons.. 90,501 ; Sulphate, total.. do... 11,858 7,799 Unbleached do.. Sulphite, total do.., 57,369 28,930 Bleached...... do._ Unbleached -• do.., 28,439 Groundwood. do.. 20,149 Wool, unmanufactured thous. of lb 72.008 1940 May June 329 309 1,849 1,511 74 51 38,512 12,286 136,751 71,539 44,972 122,837 81,971 21,021 6,014 86,672 74,082 630 317 10 7 10,673 5,983 6,701 1,016 3,686 4,572 1,876 1,414 672 386 118 213 14 37 2,031 4,321 8,120 75,236 39,039 66,651 11,688 48,265 2,311 13 3,330 295 2,711 106 554 101 77 2,268 53,308 4,399 40,168 17,527 1,195 14,213 10,697 48,580 51,977 7,404 37,422 66,762 978 51,439 20,101 16,668 4,589 8,292 15,068 19,366 1,213 2,276 1,484 1,257 210 180 2,034 2,360 7,333 43,383 7,005 1,184 353 3,175 160 110 109 89 15,534 22,699 10,245 11,017 64,621 24.175 104 14,916 11,437 14,174 108,059 14,880 81,099 34,799 1,076 31,472 28,239 74,295 335 232,258 217,828 85,231 24,924 22,567 45,414 296,930 279,536 281,351 261,097 116,777 110,609 36,418 31,988 34,370 28,082 57,862 54,553 35,925 35,864 45,117 1,780 41,185 36,659 1,393 22,635 17,969 19,137 18,254 117,250 109,618 82,342 9 7,441 661 351,563 28,863 2,108 14,305 5,295 5,199 249 49,732 2,114 38,028 28,273 1,731 54,981 9,637 26,872 30,853 99,673 70,036 42,134 1.194 1,512 1.177 30,719 56,267 1,949 35,327 7,203 8,789 180 121,484 1,437 34,395 26,884 1,215 41,472 8,996 24,943 26,108 74,439 62,840 27,341 303 8,307 866 37.055 53,572 2,150 34,025 8,577 7,004 225 16,581 40,553 33,374 65,714 95,057 115,745 39 261.727 3,771 391 69,474 3,827 4,107 7,316 9,185 7,780 96,629 19,533 77,096 86,426 11,385 5,546 54,882 27,662 27,220 19,218 17,502 50 53 276,257 252,872 4,488 3,701 1,457 1,304 101,404 64,577 3,895 3,509 4,686 4,099 9,752 11,190 13,060 11,552 6,630 6,526 59,559 53,087 3,511 5.466 54,093 49,576 95,175 105,031 15,194 16,447 9,942 11,903 61,300 70,598 27,608 17,629 74,954 35,219 35,379 16,732 84,759 •New series. See note on corresponding item in the August 1941 survey. 0 . 5 . GOVERNMENT PRINTING O F F I C E I 1141
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