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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 4, 1941 SUMMARY OF BUSINESS TRENDS USINESS again moved ahead in August, but the gains are now much smaller than those realized during the first year of defense. Industrial production showed little change in the aggregate. Data available on a weekly basis revealed only small increases in coal, lumber, and petroleum output after allowance for seasonal influences. These were offset to some extent by reduced automobile production in preparation for the new model year—173,000 units (including a small Canadian production) were turned out as compared with 469,000 in July and 90,000 in August 1940. Steel production evidenced no significant change in the month, operations being maintained at about 96 percent of capacity* Freight carloadings again approximated 900,000 weekly as the railroads prepared for the autumn peak traffic. Miscellaneous freight (chiefly industrial) has now regained the June level. Coal shipments were the heaviest of the year, but movement of grain was down somewhat. The advance of prices continued at only a slightly slower pace during the month as the Bureau of Labor Statistics' weekly index of 889 commodities moved from 89 to 90. Farm prices, which led the earlier upward movement, leveled off. The metals, now B almost completely under price control, also were stationary. But other components of the index were higher—particularly food and building material prices. Information has now been compiled on employment and income in July. During that month 380,000 workers were added by nonagricultural establishments, bringing the total to 39,241,000. Since the start of the defense program in June 1940, 3,816,000 additional employees have been put to work in nonagricultural establishments. Manufacturing industries employed 2,160,000 of these, with almost half being added to industries producing largely for defense purposes. Employment in construction rose 556,000 or 40 percent, in the same period, while Government (exclusive of the -military forces) added 363,000 and trade and transport and other public utilities approximately 250,000. Expansion of pay rolls and heavier farm income from cash marketings in July increased income payments to a rate of $89 billion annually. This is about $15 billion more than the June 1940 rate, and represents an unprecedented expansion at an average monthly rate of 1.4 percent. SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION ELECTRIC POWER PRODUCTION FREIGHT-CARLOADINGS (PERCENT OF CAPACITY) (BILLIONS OF KILOWATT HOURS) (THOUSANDS OF CARS) 1941 ^ -vV— (939 •* ~ i AUTOMOBILE PRODUCTION (THOUSANDS OF VEHICLES) I . i , MISCELLANEOUS CAR LOADINGS (THOUSANDS OF CARS) WEEKLY WHOLESALE PRICE INDEX, ALL COMMODITIES (1926- 100) (SEASONALLY ADJUSTED, 1935-39- 1 0 0 ) 100 MONTHLY DATA 95 140 90 120 S_ _n ^ ^ 85 100 80 60 i (DAILY AVERAGE-THOUSANDS OF TONS) INDUSTRIAL PRODUCTION 180 160 , BITUMINOUS COAL PRODUCTION 80 ^—J 75 , . i. A , . i . , . ,i , .t. ,i . • FACTORY EMPLOYMENT AND PAYROLLS (1923-25- 100) , . 1 . . 1 . . 1 . . .. t . , i , , i . , . , ! , . 1 . . 1 , , , , 1 . ,1 , ,1 ., , , 1 . , 1 , . ! . , 70 INCOME PAYMENTS (SEASONALLY ADJUSTEO 1935-39-100) MONTHLY DATA " . , , i , . 1 , , i , 1938 409527—41 1939 1940 1941 1938 g , , 1 , , 1 , , 1 , . 1939 . . 1 . , 1 . . 1 . ,, . I , , 1 . , 1 , , 1940 1941 WEEKLY BUSINESS INDICATORS [Weekly average, 1923-25=100, except as indicated] Aug. Aug. Aug. Aug. Aug. Aug. 31 16" 23 30 ™ Business activity :1 New York Times§ Barrons'..Business Week Commodity prices, wholesale: Dept. of Labor: Combined index, 1926=100. Farm products Food _ All other_ 28 basic commodities© Fisher's index, 1926=100: Combined index. Copper, electrolytic! Cotton, middling, spot Construction contracts? Distribution: Carloadings _ _^ Department store salesA Employment, Detroit, factory. Finance: Bond yields? 90.0 86.7 87.0 90.9 152.7 151.0 89.6 86.4 87.8 86.7 86.2 90.7 90.6 150.6151.8 89.2 87. 85.5 90.2 151.3 77.7 66.7 71.4 82.2 107.4 97.4 93.5 106.4 77.2 75.3 65.6 62.7 70.0 68.5 82.1 SO. 4 106.1 100.4 96.5 81.6 81.0 97.7 97.0 96.7 85.5 85.5 85.5 85.5 85.5 7S.3 77.5 64.0 62.5 61.4 62.5 62.1 36.4 36.4 172.9 100.1 86.1 94.4 119 57.0 114 107.2 92.2 92.7 80.7 116 102 118 96.0 93. 57.2 57.0 56.8 57.0 61.5 Aug. Aug. Aug. Aug. Aug. Aug. 31 30 23 16 9 2 Aug. Sept. Aug. 2 26 24 98.5 131.1 130.9 130.6 132.1 109.1 109.0 137.6 138.8 139.2 140.2 109.5 109.8 95.3 155.3 157.0 158.4 160.1 128.2 127.0 108.2 74.8 61.1 66.7 80.4 78.4 78.1 74.6 74.6 32.7 33.5 79.9 75.2 71.8 82 107 89.4 61.7 65.2 92 1940 1941 1939 1940 1941 64.3 1939 Aug, Sept. Aug. 24 2 26 Finance—Continued. Stock prices! 94.2 93.7 93.6 95.6 96.4 96.0 94.4 Banking: Debits, outside, N. Y. C.!_. 114.0123.3 111.7 118.9 116.2 79.2 88.6 Federal Eeserve reporting member banks: Loans, total. 85.6 85.5 85.3 84.8 84.6 68.1 68.1 Interest rates: 24.2 24.2 24.2 24.2 24.2 24.2 Call loans!. 28.6 28.6 2S.6 28.6 28.6 Time loans! 28.6 204.6 202.8 202.0 201.7 200.1 165.3 164.5 Currency in circulation! Production: Automobiles . . . 53.2 79.0 35.2 30.2 50.8 57.9 57.9 105.2105.1 105.1 103.2 102.8 88.8 87.0 Bituminous coal! 190.1 190.6 200.2 Cotton consumption^ __. 135.9J138.7 149.). 9 150.3 Electric power cf. L50.3 150.0 151.5 128.5 127.4 Lumber 63.2 65.4 65.2 69.5 51.9 54.6 197.1 196.0 194.0 183.2 173.6 174.0 Petroleumt 173.8 173.2 172.2 173.4 175.8 156.6 153.8 Steel ingots® Receipts, primary markets: 37.3 50.0 50.0 53.1 35.0 53.8 46.9 Cotton 145.2 138. S 134.0 144.5 207.5 170.7 142.8 Wheat 100.6 99.2 78.3 82.1 65.7 24.2 24.2 28.6 28.6 147.8 146.4 30.8 80.4 120.8 114.6 46.3 113.2 108.2 22.6 76.6 122.6 114.3 51.0 83.9 106.8 104.6 77.7 154.3 155.7 • Data do not cover calendar weeks in all cases. 1 Seasonally adjusted. J Daily average. o" Weekly 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. 0Index for week ended Sept. 6 is 173.4. Data for 1941 are based on production of steel ingots and steel 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 # 1941 Aug. 30 COMMODITY PRICES, WHOLESALE Copper, electrolytic, New York! dol. per lb._ Cotton, middling, spot, New York do Food index (Dun & Bmdstreet) _ do Iron and steel, composite __.dol. per ton,. Wheat, No. 2, Hard 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 ) . . i . d o . Federal Reserve banks: Federal Reserve bank credit, total do U . S. Government securities _ do Member bank reserve balances do Excess reserves, estimated _ do Federal Reserve reporting member banks: Deposits, demand, adjusted.. __ do Deposits, time ._.-do Investments, total§ __do.-U. S. Government direct obligations do Obligations fully guaranteed by U. S. Government _ mil. of doL Loans, total§ do... Commercial, industrial, and agricultural loans§ mil. of dol.. Interest rates, call loanst percent Interest rates, time loans!_do._ Exchange rates: Pound sterling! dollars.. Failures, commercial.. number,.. Currency in circulation! mil. of d o l . . Security markets: Bond sales (N. Y. S. J2.)__-thous. of dol. par v a l u e . . Bond yields (Moody's) (120 b o n d s ) ! percent.. Stock sales (N. Y* S. E.) thous. of shares.~ Stock prices (N. Y. Times)% dol. per share.. Stock prices (Standard and Poor's) (420)...1926= 100. Industrials (350) do Public utilities (40).. ...do.... Railroads (30)._ do. PRODUCTION, CONSTRUCTION, AND DISTRIBUTION Production: Automobiles? _ number Bituminous coall_._. thous. of short tons.. Electric powerAmil. of kw-hr.. Petroleumt.. _„ thous. of bbl.. Steel ingots® .pet. of capacity.. Construction contract awards! thous. of dol.. Distribution: Freight-carloadings, total cars.. Coal and coke_-_ do.. Forest products do Grains and grain products ..do Livestock _ do Merchandise, I. c. 1 do Ore do.... Miscellaneous...^. do Receipts: Cattle and calvest thousands.. Hogsf -. ..do Cotton into sight , tbous. of bales.. Wheat, at primary markets thous. of bu__ Aug. 23 Aug. 16 1940 Aug. 9 1038 Sept, 2 Aug. 26 Sept. 3 Aug. 27 0.103 .089 2.16 35.98 .67 0.103 .091 2.14 35.98 .67 0.099 .083 2.41 36.50 .67 0.099 .085 2.42 36.50 .65 2,258 3,672 2,342 4,108 2,555 3,629 2,622 3,812 2,744 3,521 2,670 3,378 2,245 2,184 13,097 5,155 2,480 2,442 13,516 6,487 2,492 2,446 13,419 6,417 2,448 2,426 10,951 4,799 2,441 2,423 10,829 4,741 2,585 2,563 8,179 2,941 2,579 2,564 8,156 2,975 24,217 5,431 18,164 11,248 24,544 5,420 18,199 11,279 21,053 5,340 15,648 9,387 20,956 5,346 15,671 9,411 18,096 5,247 14,233 8,565 17,835 5,250 14,162 15,388 5,210 12,591 7,789 15,214 5,217 12,496 7,724 3,312 10,603 3,305 10,697 3,309 10,572 2,582 8,509 2,583 8,509 2,286 8,209 2,274 8,178 1,655 8,270 1,653 8,217 6,146 1.00 1.25 -4.032 230 9,807 6,087 1.00 1.25 •4.033 220 9,796 6,047 1.00 1.25 -4.033 190 9,719 4,463 1.00 1.25 ° 4.026 229 8,029 4,455 1.00 1.25 "4.021 263 7,987 3,996 1.00 1.25 4.293 229 7,179 1.00 1.25 4.636 264 7,110 3,886 1.00 1.25 4.856 3,890 1.00 1.25 4.878 6,53i 6,477 29,570 3.30 2,183 91.02 78.3 92.8 68.8 28.0 29,670 3.29 2,216 90.93 78.0 92.3 68.9 27.8 35,320 3.28 3,228 92.89 79.7 94.6 69.9 28.3 40,300 3.29 4,544 93.64 80.1 94.9 70.1 28.5 19,150 3.55 1,960 93.23 78.3 90.2 80.3 25.4 16,970 3.56 1,558 91.72 77.4 89.1 79.7 25.1 42,950 3.76 5,865 97.71 84.3 98.4 84.5 24.2 29,790 3.71 5,012 96.32 81.6 95.0 82.8 23.3 22,240 4.10 3,760 98.35 87.2 105.1 73.4 26.6 26,840 4.09 4,707 101.11 90.5 109.2 75.6 28.2 45,525 1,792 3,193 3,975 96.2 45,550 1,790 3,201 3,953 95.6 41,795 1,758 3,196 3,912 96.3 62,146 1,750 3,226 3,695 97.6 27,757 27,645 1,512 2,736 3,501 9L3 16,078 23,732 1,481 2,714 3,508 89.7 13,828 24,240 1,369 2,442 2,283 63.0 11,014 17,765 1,305 2,434 1,691 62.2 22,165 1,172 2,217 3,349 44.0 18,700 1,102 2,202 3,389 42.8 899,750 182,632 50,445 43,625 12,013 157,102 77,019 376,914 890,374 181,204 50,3^5 44,375 10,930 156,256 78,847 368,397 878,549 179,485 49,118 45,887 10,021 156,684 76,697 360,657 883,065 179,276 50,644 46,142 9,759 155,724 77,228 364,292 768,821 150,069 38,637 37,333 16,168 153,660 69,290 303,664 761,108 145,526 38,038 44,310 13,511 151,190 683,906 126,525 31,954 43,789 13,061 154,172 49,743 264,662 648,029 298,547 716,397 135,132 33,232 40,200 14,017 156,865 52,491 284,460 121,668 30,080 42,016 14,645 155,153 26,593 257,874 620,557 109,164 30,884 45,387 13,789 151,000 25,517 244,816 237 230 130 11,043 205 239 130 10,663 193 233 138 11,497 196 223 91 16,510 267 277 140 13,582 237 261 122 11,357 272 12,276 202 12.384 258 13,784 143 14,899 0.118 .167 3.21 38.15 1.C7 0.118 .170 3.19 38.15 1.06 3,304 5,286 3,394 5,720 3,243 5,179 3,804 5,816 2,281 2,184 12,998 4,994 2,272 2,184 13,037 5,058 2,247 2,184 12,948 5,027 2,231 2,184 12,951 5,018 24,453 5,431 18,410 11,292 24,455 5,435 18,337 11,279 24,245 5,434 18,211 11,247 3,316 10,697 3,314 10,688 6,180 1.00 1.25 • 4.030 227 9,850 35,430 3.29 2,206 91.45 78.9 93.4 69.8 28.1 39,965 97 11,554 1939 Aug. 24 C. 107 .099 2.23 37.74 .67 0.118 .170 3.21 38.15 1.08 96.5 Aug. 31 0.108 .099 2.29 37.78 .70 0.118 .174 3.26 38.15 1.08 6,183 1.00 1.25 • 4.032 200 Aug. 2 0.118 .169 3.16 38.15 1.01 a 17,322 JDUy average. •Data do not cover calendar weeks in all cases. ^Source: Ward's Automotive Reports. Free rate. §Data for 1938 not strictly comparable with data for later years; see note on corresponding data shown in p. 51 of the 1940 Supplement. <g>Rate week ended Sept. 6, is 96.3; 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. ADnta revised beginning in the June 19,1941, issue to include certain additional governmental and industrial power generation not previously reported. MONTHLY BUSINESS STATISTICS Earlier data are available in monthly issues of the Survey and the 1940 Supplement 1941 1940 July July 1941 May June DOMESTIC TBADE Retail trade: Rural sales of general merchandise: Total U. S., unadjusted .1929-31=100.. East _ do South __ _ _ ...do Middle West__ ...do... Far West ....do.... Total U. S., adjusted do.... East do.... South.. _ do.... Middle West. ..._.do.._. Far West do.... 132.3 142.9 134.2 7,442 111.7 115.6 113.4 6,215 128.4 138.1 129.9 -•6,822 ' 130.8 ' 141.1 ' 132.7 '7,661 4,959 2,251 1,083 937 601 87 92 3,951 1,540 968 871 453 119 89 4,901 2,121 1,048 925 692 '115 '92 '5,049 '2,227 '1,077 930 '711 '104 '92 152 890 171 850 '152 453 '151 ' 1,094 1,349 6,797 1,154 5,685 ' 1,275 1,242 ' 6,270 '7,076 *>209 *>171 *137 131.2 141.0 127.2 188.6 128.0 442.0 144.9 115.4 120.6 119.8 126.0 112.9 102.8 145.9 137.8 108.7 127 159 190 151 154 162 107 117 127 75 137 146 188 147 132 109 110 108 135 103 122 93 107 109.2 111.9 86.6 116.6 119.1 185.2 110.8 105,7 106.4 111.7 100.6 104.5 98.3 120.5 118.5 104.1 207 290 308 307 276 "269 154 180 219 172 244 235 443 235 206 146 164 134 168 134 214 160 129 126.3 137.4 144.1 174.7 125.6 381.2 138.2 110.6 114.4 115.5 114.2 109.5 99.8 144.1 128.5 106.7 '219 '154 172 '144 '173 139 ••236 '178 '125 '128.5 ' 139.1 '142.0 '181.0 ' 126.4 ' 402.9 ' 140.7 111.5 ' 117.1 ' 116.1 '119.2 110.6 '101.4 '145.4 ' 132.5 108.0 129.7 151.1 134.1 120.9 131.6 177.7 212.2 197.5 163.9 160.5 96.4 95.7 102.6 88.1 121.9 132.1 134.4 151.1 119.4 148.6 148.5 158.2 167.0 144.3 132.9 161.8 172.0 196.9 152.4 147.9 148.7 163.2 163.3 143.4 143.6 163.2 177.7 203.1 151.9 160.7 35,454 38,306 '38,858 29,311 9,832 837 1,378 3,058 6,159 4,218 3,828 516 32,163 11,537 862 1,782 3,185 6,421 4,327 4,049 1,662 - 32,715 ' 11,775 '876 '1,816 '3,239 ' 6,530 '4,353 ' 4,126 1,740 103.2 ••124.9 98.4 ' 131.3 '127.8 ' 135.1 ••133.0 r 136.1 119.0 ' 140.6 116.7 82.9 '144.0 '118.3 J-276 () "156 *>184 »221 *158 *247 P244 M39 J-252 P207 J-150 63 E M P L O Y M E N T CONDITIONS AND WAGES Employment: Employment estimates (U. S. Dept. of Labor): Civil nonagri. empl., total* thousands.. 39,241 Employment in nonagricultural establishments, total _ ..thousands.. 33,098 Manufacturing ...do 11,985 Mining. do,_.. 887 Construction ___ do 1,877 Transportation and public utilities, do 3,293 Trade. do 6,503 Financial, service, and misc do 4,391 Government .do 4,162 Military and naval forces* do 1,856 Mfg., unadj. (U. S. Dept. of Labor) t 1923-25=100.. 130.5 137.8 Durable goodsf _ do Iron and steel and their products, not including machinery 1923-25=100.. 138.6 Blast furnaces, steel works, and rolling mills _ 1923-25=100.. 147.5 Hardware _ do 113.2 Structural and ornamental metal work 107.7 1923-25=100.. Tin cans and other tinware do 143.3 Lumber and allied products .do 79.7 105.9 Furniture do 70.1 Lumber, sawmills do.... ' Revised. • June data are the latest available. 1941 1940 July July 1941 May June EMPLOYMENT, ETC.—Continued BUSINESS INDEXES Income payments: t Indexes, adjusted: Total income payments ...1935-39=100.. Salaries and wages do Total nonagricultural income do Total. __ .mil. of dol._ Salaries and wages: Total __ do C ommodity-producing industries, .do Distributive industries __.do Service industries do Government —do Work-relief wages. do Direct and other relief do Social-security benefits and other labor income mil. of dol.. Dividends and interest do Entrepreneurial income and net rents and royalties mil. of dol__ Total nonagricultural income do Manufacturers' orders, shipments, and inventories:* New orders, total Jan. 1,1939=100. _ Durable goods do Electrical machinery... do Iron and steel and their products do Other machinery ..do Other durable goods doL.l. Nondurable goods _. .do Shipments, total do Durable goods do Automobiles and equipment do Electrical machinery do Iron and steel and their products-____do.___ Transp. equip, (exc. automobiles)...do.... Other machinery do Other durable goods do Nondurable goods do Chemicals and allied products do Food and kindred products do Paper and allied products.. do Petroleum refining do Rubber products do Textile-mill products do Other nondurable goods do Inventories, total Dec. 31, 1938=100.. Durable goods... do Automobiles and equipment. .do Electrical machinery .do Iron and steel and their products do Transp. equip, (exc. automobiles) do Other machinery.. do Other durable goods do Nondurable goods .do Chemicals and allied products. .do Food and kindred products __do Paper and allied products do Petroleum refining ..do Rubber products __. __do Textile-mill products... do Other nondurable goods do Earlier data are available in monthly issues of the Survey and the 1940 Supplement 106.2 76.0 105.9 68.2 87.7 61.5 102.3 123.4 '74.7 100.1 "65.7 '229 '330 '316 '289 '298 '429 164 '101 '233 '181 '252 '245 '478 '267 Employment—Continued. Manufacturing, unadjusted—Continued. Durable goods—Continued. Machinery, excl. transp. equip.l923-25=100.. 172.5 Agric'I. implements (incl. tractors) _do—.. 170.9 163.4 Electrical machinery, etc do Engines, turbines, etc do—.. 296.8 143.4 Foundry and machine-shop p r o d - . d o 345.2 Machine tools* do 189.0 Radios and phonographs do 142.9 Metals, nonferrous, and products do 189.9 Brass, bronze, and copper products.do 99.7 Stone, clay, and glass products. .do 77.6 Brick, tile, and terra c o t t a . . . do 128.8 Glass do 178.3 Transportation equipment— do Aircraft* d o . — \ 213.8 126.0 Automobiles.-..do Shipbuilding* d o . - . 371.9 123.5 Nondurable goodsfdo Chemical, petroleum, and coal p r o d . . d o — 137.8 176.0 Chemicals.. __ do 145.9 Paints and varnishes do 127.0 Petroleum refining do 327.1 Rayon and allied products do 143.8 Food and kindred products do 150.5 Baking.. do Slaughtering and meat packing.....do—. 118.3 100.5 Leather and its manufactures do 97.5 Boots and shoes. do. 123.1 Paper and printing. do. 126.1 Paper and pulp do 111.4 Rubber products do—. 87.5 Rubber tires and inner tubes do—. 113.4 Textiles and their productsfdo... 107.1 Fabricsf .__ do... 122.6 Wearing apparel.. do 65.3 Tobacco manufactures do 133.2 Manufacturing, adjusted (Fed. Res.)t---do 140.8 Durable goodsf. L do Iron and steel and their products, not including machinery 1923-25 «100— 139.9 Blast furnaces, steel works, and rolling 149 mills 1923-25=100114 Hardware do 106 Struc'l and ornam'l metal work do 135 Tin cans and other tinware do 79.0 Lumber and allied products do 108 Furniture do 68 Lumber, sawmills . do 173.1 Machinery, excl. transp. equip.. do 170 Agric'I implements (incl. tractors).do 163 Electrical machinery, etc do 292 Engines, turbines, etc do 144 Foundry and machine-shop prod__do 349 Machine tools*... do 191 Radios and phonographs do 147.8 Metals, nonferrous, and products do 193 Brass, bronze, and copper products.do 98.7 Stone, clay, and glass products do 73 Brick, tile, and terra cotta do 131 Glass do 195.2 Transportation equipment do 7,142 Aircraft* do 148 Automobiles do 383 Shipbuilding* do 125.9 Nondurable goodst do Chemical, petroleum, a n d coal products 1923-25=100.. 141.7 173 Chemicals do 145 Paints and varnishes do 126 Petroleum refining.. do 329 Rayon and allied products do 136.5 Food and kindred products do 150 Baking do—J«118 Slaughtering and meat packing do... 99.6 Leather and i t s manufactures do—. 96 Boots and shoes do 124.9 Paper and printing do 126 Paper and pulp _ do 113.0 R u b b e r products do 88 Rubber tires and inner t u b e s . do 120.2 Textiles and their productsf do 111.1 Fabricsf do. 135.4 Wearing apparel do. 65.6 Tobacco manufactures. do Nonmfg. unadj. (U. S. Dept. of Labor): Mining: 49.3 Anthracite.. 1929=100. 90.5 Bituminous coal do 78.7 Metalliferous do 61.8 Crude petroleum producing do— 52.8 Quarrying and nonmetallic do— Public utilities: 94.9 Electric light and powerf do— 69.4 Street railways and bussesf do 88.6 Telephone and telegrapht .do— Services: 121.1 Dyeing and cleaning do... 115.5 Laundries do_._. 94.0 Year-round hotels do— Trade: 96.7 Retail, totalf _ do_— 100.9 General merchandising! do 93.8 Wholesale do. 162.4 116.1 170.7 130.6 154.0 103.8 271.6 167.5 98.0 r 134.9 325.6 234.8 173.7 143.4 139.9 107.0 184.5 129.6 95.6 82.4 72.7 64.1 124.0 103.3 171.6 99.7 , 146.6 '6,290.3 134.1 82.3 307.7 170.2 118.8 107.8 134.3 118.5 166.8 140.4 141.4 124.6 122.0 122.9 323.5 306.9 127.5 135.4 149.0 147.1 116.8 111.1 95.5 91.6 93.0 90.7 120.8 114.7 122.7 117.1 106.4 83.5 '83.3 69.3 112.4 94.5 105.1 88.0 124.0 104.9 64.9 62.4 124.8 105.1 129.4 100.4 ' 167.9 '171.8 '158.5 ' 285.5 '139.7 ' 337.1 '180.7 '142.0 '189.7 ••97.1 '74.8 M25.4 ' 177.7 6,710.5 ' 134.7 ••335.0 ' 120.9 ' 135.8 ' 172.1 '144.8 ' 125.4 '327.0 '135.0 '152.2 * 120.3 '98.1 '94.9 ' 121.5 '124.6 ' 110.7 '86.3 112.5 '106.2 ' 121.7 65.5 '128.7 '134.0 103.7 131.9 ' 136.1 120 84 75 100 67.5 89 60 116.6 133 104 165 98 237 145 110.7 132 81.3 60 105 110.7 3,115 97 175 109.6 140 116 103 125 74.7 104 65 161.0 166 153 259 133 324 197 140.8 183 92.1 69 122 164.2 6,110 127 298 120.4 '145 118 '104 '132 '75.9 '106 '65 r 167.5 170 '159 275 '140 '335 184 '144.1 191 '93.7 69 '124 ' 174.1 '6,515 '131 '338 '123.6 121.7 138 124 122 308 129.0 146 111 90.9 89 116.5 117 84.7 69 100.2 91.3 116.1 62.8 134.9 168 136 123 330 135.1 149 119 96.8 94 121.1 123 106.0 83 112.9 105.9 123.8 65.8 '139.8 172 140 125 ..'337 '137.1 151 121 '101.0 '98 '122.9 125 '111.8 '86 116.1 '109.0 '126.8 65.8 50.5 84.9 71.0 63.7 48.1 48.6 '86.5 '77.1 60.4 '51.0 49.2 86.6 '78.1 61.6 51.7 92.2 68.4 78.8 '92.2 68.9 84.6 93.7 69.0 86.1 108.2 102.5 90.3 '120.6 '108.3 '96.3 122.9 111.7 94.9 '105.5 ••135.2 '96-1 89.1 '76.9 90.3 ••102.5 '103.8 '92.2 89.2 '67.2 • New series. See note on corresponding Item in the August 1941 SURVET. f Revised series. See note on corresponding item in the August 1941 SURVEY. 97.6 104.8 93,1 MONTHLY BUSINESS STATISTICS—Continued Earlier data are available in monthly issues of the Survey and the 1940 Supplement 1941 1940 July July 1941 May Earlier data are available in monthly issues of the Survey and the 1940 Supplement June 1941 1940 July July 1941 May EMPLOYMENT, ETC.-Continued. Coke: Pay rolls (U. S. Department of Labor): Production: ' 152.1 144.1 98.2 Manufacturing, unadjusted t 1923-25=100.. 152.5 541 244 57S Beehive thous. of short tons.. '173.8 97.4 172.4 163.1 Durable goods t do... 4,632 4,846 Byproduct do 5,014 Iron and steel and their products, not in 121 140 Petroleum coke _ do '168.7 161.0 C) • 104.4 eluding machinery 1923-25=100.. 167.2 Stocks, end of month: Blast furnaces, steel works, and rolling 1,405 1,915 1,452 Byproduct plants, total do -179.9 172.7 116.2 181.8 mills ..1923-25=100.. 385 678 Petroleum coke do ••150.2 141.5 C) 85.7 136.2 Hardware do. Petroleum and products: ' 120.1 113.8 67.6 111.5 Struc'l and ornam'l metal work do. Crude petroleum: ••169.0 151.6 113.4 177.9 Tin cans and other tinware do. 107,902 19,435 Consumption (runs to stills)...thous. of bbl_. '83.9 78.0 60.7 84.7 Lumber and allied products do. L13,244 16,976 Production do ' 109.7 102.5 74.3 110.1 Furniture ..do. Refinery operations. .pet. of capacity.. '71.3 66.0 53.9 72.1 Lumber, sawmills — ..do. Stocks, end of month: ' 230.2 217.5 • 125.6 232.5 Machinery, excl. transp. equip do California: ' 233.3 229.0 148.9 Agric'l implements (incl. tractors)._do___. 227.3 77,550 66,256 Heavy crude and fuel thous. of bbl.. '223.9 215.3 118.1 232 A Electrical machinery, etc do 36,182 36,221 Light crude do ' 480.1 452.0 222.6 483.1 Engines, turbines, etc do J19,796 >18,355 East of California, total do r 179.1 162.0 96.3 Foundry and machine-shop prod__^do— 177.5 47,959 41,595 Refineries do ' 626.6 605.3 307.8 Machine tools* -_do.._. 534.3 71,837 L76,760 Tank farms and pipe lines do '200.4 191.5 138.5 216.6 Radios and phonographs.. do Refined petroleum products: r 175.2 166.8 105.9 Metals, nonferrous, and products d o — 173.0 Gas and fuel oils: '264.4 246.7 146.2 Brass, bronze, and copper products.do— 262.4 Production: ••100.2 97.8 71.1 99.7 Stone, clay, and glass products do 25,248 28,393 Residual fuel oil do— '71.9 '69.1 51.8 73.9 Brick, ttfe, and terra cotta _do 14,439 15,546 Gas oil and distillate fuels, total....do.... ' 153.3 150.3 105.2 149.7 Glass do Stocks, end of month: '239.1 216.2 98.9 230.1 Transportation equipment do 21,909 20,891 Residualfuel oil, east of Calif do.... Aircraft* ...do.— 9,084.2 , 124.6 '7,697.3 '8,155.3 30,134 27,353 Gas oil and distillate fuels, totaL—do.... ' 187.9 170.3 80.5 Automobiles d o — 159.4 Motor fuel: '499.8 429.6 193.4 Shipbuilding*.. do.... 580.7 53,865 59,325 Demand, domestic .--Qo.... ' 127.8 ' 122.8 99.1 130.3 Nondurable goodsf . do 51,879 58,258 Production, total do— ' 171.1 163.6 133.0 173.6 Chemical, petroleum, and coal prod..do 279 288 Benzol do— ' 232.6 221.8 167.2 239.6 Chemicals -do 22,420 23,881 Straight run gasoline d o — ' 177.8 170.4 132.4 174.1 Paints and varnishes do 24,496 28,908 Cracked gasoline do— '156.7 146.3 136.6 157.3 Petroleum refining do 4,684 5,181 Natural gasoline do.... '362.4 356.2 314.7 367.0 Rayon and allied products do 2,864 3,541 Natural gasoline blended— do— '144.3 134.7 131.3 151.8 Food and kindred products do Stocks, gasoline, end of month: '154.4 148.4 142.1 153.0 Baking _ do 82,025 85,562 Finished gasoline, total thous. of bbl.. ' 137.8 133.1 117.6 139.6 Slaughtering and meat packing do 54,414 57,357 At refineries do— '97.2 91.0 76.4 102.4 Leather and its manufactures do 5,856 7,584 Natural gasoline d o — *-91.9 86.7 74.6 97.9 Boots and shoes do— Kerosene: ' 128.6 124.9 128.6 111.2 Paper and printing _ do 4,501 4,257 Consumption, domestic d o — ' 157.7 145.6 157.1 126.3 Paper and pulp. _ do 6,033 5,797 Production. do— "141.1 128.7 135.4 85.2 Rubber products. _ do 8,421 8,191 Stocks, refinery, end of month do rl22.4 111.1 116.3 77.4 Rubber tires and inner tubes do Lubricants: 110.3 111.3 113.7 77.7 Textiles and their products! do 2,732 1,871 Consumption, domestic.— d o — 109.2 fill. 6 113.3 76.4 Fabricsf do 3,322 3,024 Production do— 105.7 107.7 103.8 75.7 Wearing apparel do 7,835 8,573 Stocks, refinery, end of month .do ' 6 7 . 1 '70.1 69.3 62.3 Tobacco manufactures do METALS AND MANUFACTURES Nonmanufacturing, unadjusted: Mining: Steel, manufactured products: 51.2 33.4 34.8 36.5 Anthracite 1929=100.. Barrels and drums, steel, heavy typos: 104.5 111.3 75.2 '102.2 Bituminous coal do_ 350 890 Orders, unfilled, end of month—thousands.. 1,317 '85.6 '81.5 78.1 63.7 Metalliferous.. .do. Production —_.do— 1,558 1,081 1,584 59.4 '58.8 61.8 59.1 Crude petroleum producing .do 1,582 1,075 1,549 Shipments do.... 55.5 '53.2 55.4 43.5 Quarrying and nonmetallic .do 39 53 48 Stocks, end of month ..do.... Public utilities: Brass and bronze (ingots and billets): 111.3 105.8 r 109.6 Electric light and powerf . d o . . . . 113.7 15,390 Deliveries ..___short tons. 15,672 75.6 '72.7 70,0 76.0 Street railways and bussesf do Orders, unfilled, end of month do.—. 30,891 21,695 30,535 112.1 101.3 ' 110.5 Telephone and telegraphf do.._. 116.5 Services: RUBBER AND PRODUCTS 98.4 96.2 80.0 '96.1 Dyeing and cleaning do 102.3 106.4 90.0 '98.7 Laundries do Tires and tubes: 87.0 87.2 80.5 '87.9 Year-round hotels.. do Pneumatic casings: Trade: Production thousands- 5,603 4,788 6,073 94.5 91.5 82.6 94.1 Retail, totalf do.... Shipments, total d o — 6,456 4,318 7,733 99.6 '96.0 97.5 84.0 858 2,700 General merchandising f do Original equipment do— 87.5 88.0 84.6 78.3 3,350 4,873 Wholesale .._ do. Replacement equipment do— 6,235 9,350 8,373 Stocks, end of month __ d o — Bonds: FINANCE Inner tubes: Prices: Production. do— 5,288 4,020 5,855 Standard and Poor's Corporation: 5,920 3,793 6,324 Shipments, total do— 85.8 86.3 81.2 Composite (60 bonds)...dol. per $100 bond.. 86.0 6,357 7,096 7,686 Stocks, end of month do 90.4 Industrials (20 bonds) , .do _.90.1 86.3 91.1 101.1 Public utilities (20 bonds).... d o . . . . 101.0 101.2 100.2 TEXTILE PRODUCTS Rails (20 bonds) do.... 65.8 66.7 57.1 66.6 Wool: Domestic municipals (15 bonds) do 129.2 128.1 120.4 130.0 Consumption (scoured basis) :1 U. S. Treasury bondsf .do 111.5 111.4 106.3 111.7 Apparel class thous. of lb_ 46,765 28,431 41,032 Yields, U. 8. Treasury percent. . 1.91 1.92 2.28 1.90 Carpet class—c do___ 11,320 6,061 10,588 Stock prices (Standard and Poor's Corp.): Machinery activity (weekly average) :1 78.8 Combined index (420 stocks) 1926=100.. 75.3 73.0 76.1 Looms: 93.2 Industrials (350 stocks) ..do 88.3 85.6 87.2 Woolen and worsted: Capital goods (107 stocks)..* d o _ . 117.3 111.3 105.7 105.9 Broad thous. of active hours— 2,418 1,561 2,491 93 82 65 81.8 Consumer's goods (194 stocks).. do 78.2 76.3 84.2 Narrow do 241 125 213 70.0 69.8 Public utilities (40 stocks) do.... 67.5 80.1 Carpet and rug _ _do— 27.8 26.7 Rails (30 stocks) do.... 26.7 24.4 Spinning spindles: Woolen do— 107,592 72,865 106,880 CHEMICALS AND ALLIED PRODUCTS Worsted do-_. 117,393 73,251 119,610 218 142 209 Cellulose plastic products: Worsted combs do— Nitro-cellulose, sheets, rods* and tubes: TRANSPORTATION EQUIPMENT 229 Consumption tbous. oflb.. 242 168 215 1,309 Production do 899 1,387 1,372 1,353 Shipments do Automobile production: 955 1,315 1,475 Cellulose-acetate: Canada, total _ number- 24,654 14,468 26,585 Sheets, rods, and tubes: Passenger cars. -do... 3,849 3,397 9,840 14 Consumption do 14 TJnited States (factory sales), total do._ 444,103 231,703 '518,770 18 417,698 507 Production _. ...do.... 343,748 524 Passenger cars do 513 565 541 Shipments do 523 472 Trucks.. do... 100,355 62,934 101,07r Moulding composition: Registrations:! Production do 2,467 2,457 2,319 New passenger cars. _. do... 391,795 315,246 515,034 Shipments... _ ... do 2,346 2,264 2,146 New commercial cars.... . . . d o . . . 67,412 49,053 64,177 777 ' Revised. * Data for June are the latest available. JData for JuJy are for 5 weeks: other months, 4 weeks. t Revised series. See note on corresponding item in the August 1941 Survey. * New series. See note on corresponding item in the August 1941 Survey. X Revised to exclude Federal Government deliveries, reporting of which has been discontinued beginning June 1941. June FUELS AND BYPRODUCTS 564 1,428 382 115,935 115,027 88 65,735 34,961 216,454 43,526 172,928 28,255 14,697 20,914 30,620 58,413 56,987 274 23,140 28,478 5,095 3,648 82,495 52,856 6,235 3,918 5,218 9,609 3,171 3,520 7,353 1,214 1,619 1,619 39 15,308 30,762 7,664 2,757 4,771 7,079 6,922 7,054 41,904 11,172 '2,587 94 260 110,608 125,606 231 25,753 8,538 520,525 101,542 443,470 62,265
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