Survey of Current Business August 1941

AUGUST 1941

SURVEYOF

CURRENT BUSINESS

UNITED STATESDEPARTMENT OF COMMERCEBUREAU OF FOREIGN AND DOMESTIC COMMERCE

WASHINGTONVOLUME 21 NUMBER 8

UNITED STATES DEPARTMENT OF COMMERCEJESSE H. JONES, Secretary

BUREAU OF FOREIGN AND DOMESTIC COMMERCECARROLL L. WILSON, Director

SURVEY OFCURRENT BUSINESS

Volume 21 AUGUST 1941 Number 8

CONTENTSPage

The business situation 3The emergency price control bill of 1941 3Creation of the Economic Defense Board 4Imports in heavier volume 4Output expands at slower pace 6The supply of copper 7The nature of the recent inventory advance 8The rising volume of residential construction 9

SPECIAL ARTICLESIncome payments by States 11Revision of the seasonally adjusted index of new passenger automo-

bile sales 18CHARTS

Figure 1.—Monthly business indicators, 1936-41 2Figure 2.—Imports of merchandise for consumption, 1939-41 4Figure 3.—Index of industrial production adjusted for seasonal vari-

ations, first world war, 1914-18, and second world war, 1938-41 6Figure 4.—United States supply of refined copper, 1925-29 average

and 1936-41 7

PageFigure 5.—Indexes of value of manufacturers' inventories, December

31, 1938-May 31, 1941 9Figure 6.—Number of new dwelling units in nonfarm areas by type

of ownership, 1920-41 9Figure 7.—Expenditures for residential construction in nonfarm

areas by type of ownership, 1920-41 10Figure 8.—Indexes of income payments for Continental United

States and the northern regions, 1929-40 11Figure 9.—Indexes of income payments for Continental United

States and the southern and western regions, 1929-40 12Figure 10.—Indexes of dollar sales of new passenger automobiles,

1933-41 18Figure 11.—Correction for the effect of the change in the average

introduction date of new models of passenger automobiles, 1935-41 19

STATISTICAL DATARevised series:

Table 22.—Estimates of nonagricultural employment 20Table 23.—Freight-car loadings 21

Monthly business statistics S-lGeneral index Inside back cover

Subscription price of the monthly and weekly issues of the SURVEY OF CURRENT BUSINESS $2 a year. Single-copy price: Monthly, 15 cents; weekly, 5 cents.Foreign subscriptions, 33.50. Price of the 1940 Supplement is 40 cents. Make remittances only to

Superintendent of Documents, Washington, D. C.

402798—41 1

SURVEY OF CURRENT BUSINESS August 1941

Monthly Business Indicators, 1936-41INDUSTRIAL PRODUCTIONj

(VOLUME, 1935-39= 100)175

150

125

100

75 11111111111 11111111111 11111111111111111111111111111111111111111111111

1936 1937 1938 1939 1940 1941

PRODUCTION OF NONFERROUS METALS a PRODUCTS*

250

200

150

100 b*

50

(1935-3<3 = 100)

\

1 1 1 1 1 1 1 1 1 1 1

s/M M I I M M .

J . /1 1 1 1 1 1 1 I 1 1 1

1936 1937 1938 1939 1940 1941

160

140

120

100

80

100

90

80

70

60

INCOME PAYMENTS(1935-3<3 = 100)

' - \

I M . I I M M . . . . . . I . . . . . ! , , , « ..ml.....

1936 1937 1938 1939 1940 1941

CASH INCOME FROM FARM MARKETINGS"(1924-2

jJwM M , !

9 = 100)

M M . J . M . I

\ IU JVM i n i . . . . .

/

MMll 1 MM

1936 1937 1938 1939 1940 1941

200

150

100

50

0

175

150

125

100

75

FACTORY EMPLOYMENT AND(1923-25 = 100)

l i i m

S

IlIlM

EMPLOYMENT(ADJUSTED)

JllLl lillLL

PAYROLLS

^ PAYROLLS(.UNADJUSTED)

l , I 1 f 1 1 1 1 1 1|M| | | 1 1 1 1 1 1 1 1 1 1 1

100

90

80

70

60

WHOLESALE PRICES(1926- 100)

_J

ii JJ LLI I I I I

'"A

MM.I.MH !n,l>

/ -

,,,,,1 ,

j

i1936 1937 1938 1939 1940 1941

FREIGHT-CAR LOADINGS*

1936 1937 1938 1939 1940 1941

CONSTRUCTION CONTRACTS AWARDED(VALUE, 1923-25 = 100

3-MONTH MOVING AVERAGE)

125

100

75

50

251936 1937 1938 1939 1940 1941 1936 1937 1938 1939 1940 1941

* ADJUSTED FOR SEASONAL VARIATIONS # EXCLUSIVE OF GOVERNMENTAL PAYMENTS D.D.4I-

Figure 1.

(1935-3

VI . M M

9= 100)

\

11111111111 1 1 1 1 1 1 M 1 1 1

rV11111111111 11111111111

A1

1 11 11 1 1 1 11 |

August 1941 SURVEY OF CURRENT BUSINESS

The Business SituationBUSINESS activity continued to move forward in

July with little evidence of the usual summer dull-ness. Aggregate production advanced at a pace slightlyi educed from that of previous months, but risingdemand for material by the armament industries forcedcurtailment of activity in some civilian lines. Savefor isolated instances—notably petroleum, the supplyof which to the Atlantic Coast States was reduced bytanker transfers to the United Kingdom—transpoitfacilities remained adequate as weekly freight loadingsagain approached 9(30,000.

Construction work was unimpeded, with defensebuilding reaching a peak and housing constructionbeing further expanded. Retail trade made a newpeak, with the indexes rising sharply as the usual mid-summer slump was not in evidence. Dealers werefinding it increasingly difficult to assure prompt de-livery of important consumer durables whose outputnow is about to be generally curtailed.

The multitudinous forces bearing on both supplyand demand were perhaps best summarized on the pricefront, where a general lise was experienced.The Emergency Price Control Bill of 1941

Introduced into Congress.That stronger efforts wrould be necessary to limit

effectively the price advance was formally recognizedat month's end w ith the introduction of an emergencyprice control bill into Congress. The bill as it wasoriginally introduced would make legally enforceableany price or rent ceilings established by those to whomthe President delegated his authority. The lack of suchdefinite power has been a source of considerable tiouhleto the Price Administrator in past weeks.

In addition, the bill provides for a number of othermethods of implementing price control. These include,among others, the regulation or prohibition of specula-tive practices and objectionable marketing methodsand the control of inventories. Moreover, the billwould provide authority for the Government to enterthe market directly, buying from high-cost producersat prices necessary to encourage maximum output andselling at its own price. Finally, where it might sim-plify matters administratively, the bill would providethat licenses be required as a condition for conduct ing-transactions.

It is apparent that no over-all price ceiling is antici-pated. The bill suggests that in determining the priceceiling for any commodity, consideration be given tothe price which prevailed on or about July 29, 1941.However, adjustments can be made for all relevantfactors, including speculative price changes, productionor transport cost alterations, and the profit situation ofthe sellers in the year ending July 29, 1941, and sub-sequently. The President is empowered to obtain all

required information from producers and other sourcesto make necessary decisions.

A definite lower limit would be established for ceilingsimposed on agricultural commodities. The bill set thisminimum at either 110 percent of the parity price orthe market price prevailing for the commodity on July29 last, whichever is higher. With the exception of meatanimals, cottonseed oil, and wool, prices of leading agri-cultural commodities were below 110 percent of parityon July 15.

Rents would be brought within the scope of pricecontrol only to a limited degree, with the Presidentgiven the right to designate defense areas within whichthe rent of lower-cost housing units may be stabilized.The control applies only to units (including newlyconstructed units which are comparable) that rentedfor $15 a room per month or less when the region wasdesignated a defense area. Rents must have risen 10percent or more above the base before rent stabilizationcan be effected.

As may be seen even from the above short summary,the powers set forth in the bill are very broad. How-ever, the individuals affected are of course grantedthe constitutional protection of the courts in respectto their property. To facilitate judicial procedure, anew court—the emergency court of appeals—would beset up. Subsequent to the denial by the Governmentof a protest regarding any of its orders, the protestantmight appeal to this court. The court's decision in turncould be appealed to the Supreme Court.

In turn, violation of the act (including the falsifyingof documents or reports) could be punished after guiltwere established in Federal court. Moreover, thebuyer of a commodity sold in violation of a price ceilingmight either recover the sale price or receive triple theamount by which the sale price exceeded the ceiling, inaddition to court costs.

The pace of the price* advance in July was somewhatmodified from that of the preceding 2 months. Theweekly index of 887 commodities was up from 87.7 to89.2—now above the peak of 1937. However, the fast-moving index of 28 basic commodity prices jumpedfrom 14(3 to 15\.

Farm and food prices showed signs of leveling offduring the month as the forces initiating the recentmove1' spent part of their influence. In most instancesthe equivalent of the new loan rate on the commoditiessubject to loan has either been achieved or closelyapproximated. Where the Government has purchasedin the open market to raise prices, it is believed that agood measure of the original objective has been realized.

Import prices increased further during July as Japanand China were added to the areas from which paymentfor exports to the United States can only be obtained

SURVEY OF CURRENT BUSINESS August 1941

by license. Under widespread speculative activity,silk quickly moved from $3.03 to $3.59 a pound, beforea price ceiling of $3.08 was established. A wide rangeof other import commodities including tin, rubber,copra, and sugar also advanced somewhat in price.

As the President suggested in his message to Congressasking for price legislation, the rise during recent monthsin food, household furnishing, and clothing prices liasnow reached the consumer. These items were prin-cipally responsible for the accelerated advance in thecost of living as the Bureau of Labor Statistics' indexrose from 102.9 to 104.6 in June.Creation of the Economic Defense Board.

Events in the international field of great significanceto domestic producers assumed a clearer shape in July.Following close upon the freezing of Japanese4 assets inthis country, with a counter action in Japan, was theestablishment of a new economic defense board. Tothis board was delegated the authority to develop oureconomic policy with foreign countries.

In the recent past such policy has been implementedalong four main lines: the control of exports throughlicensing by the export control board, the foreign fundscontrol dealing with international monetary andproperty transactions, the control over shipping facili-ties exercised by the Maritime Commission, and thepreclusive buying performed by the Metals ReserveCorporation. Coordination of these activities, as wellas the development of others, will be the responsibilityof the new board, the members of which include theVice President, as Chairman, and seven CabinetMembers.Freezing of the Japanese Assets.

The freezing of the Japanese assets on July 25 addedonly about 130 million dollars to the more than 7 billionof assets already under foreign funds control.

However, the economic significance of the action layin its possible effect on trade. Of course, the placing offunds under control need not in itself arrest trade.Other countries whose assets had previously been takenunder control (chiefly the continental European coun-tries) had already been blocked from trading with theUnited States to a large extent and the freezing of assetshad little or nothing to do with the cessation of trade.

If it be decided by the President that certain tradeshould continue with Japan, the necessary licenses couldbe issued for funds paid to Japanese nationals for cur-rent imports. Following upon the freezing order, theExport Control Administrator was directed to "prohibitthe exportation of motor fuels and oil suitable for use inaircraft and of certain raw stocks from which such prod-ucts are derived77 and "limit the exportation of otherpetroleum products . . . to usual or pre-war quantities."Meanwhile, the at least temporary curtailment of theimport trade led to the issuance of an order by the Officeof Production Management stopping the processing ofraw silk. This fiber has in recent years accounted for

about 60 per cent of the import trade with Japan, andthe annual inflow has normally been valued at approxi-mately 100 million dollars. Development of syntheticsubstitutes would undoubtedly ease the dislocation ifimports of the material should stop altogether, but pend-ing clarification of the situation, shutdowns were wide-spread through the industry.

Other*! imports from Japan—cotton manufactures,fish, tea being fairly large—-are not sufficiently impor-tant to cause much dislocation if they should be cut off.Nor has Japan recently been an important market forAmerican merchandise. Within the past year our ex-ports to Japan have been more than halved, and in Maywere only 6.6 million dollars. Information is not pub-licly available as to the character of the trade in themost recent months, but through April, shipments ofpetroleum and steel and their products were the most

MILLIONS OF DOLLARS350 1

200

150

100

50

STRATEGIC AND CRITICAL . . .-'" V"

1939 1940 1941

Figure 2.—Imports of Merchandise for Consumpt ion, 1939-41 (U. S.Depar tment of Commerce) .

important in dollar terms. Cotton shipments had fallenoff very seriously from the previous year, as Japan wasdrawing her supplies from India, China, and LatinAmerica.Imports in Heavier Volume.

Despite the spread of foreign funds control, the ex-pansion of export licensing (roughly 43 percent of ourexports in May required licenses from the export con-trol board), and the growing difficulties with shipping,both exports and imports were higher in the secondquarter than in any other period since 1930.

June exports were reported as 332 million dollars,while imports were placed at 261 million. The totalin each case was under that of May, when exports were376 million dollars and imports 28 million.

May imports—the latest for which any details areavailable—revealed a continuation of a number ofimportant tendencies. The total value of imports inMay exceeded those of a year previous by 38 percentand were 45 percent above the value in May 1939.Only a minor part of the increase since 1939 is theresult of price advances.

The changes in the composition of imports usuallyassociated with a rise in the national income had been


further accentuated by the peculiar demands of thedefense program and the shortage of shipping facilities.Imports of crude materials and semi-manufactures haveadvanced steadily in relative importance and in Maywere 62 percent of the total. Foodstuffs imports con-tinued heavy, while import of finished manufactureshad experienced no important decline despite the closingof Continental Europe.

Of the crude materials, the most important, of course,are those classified as strategic and critical. Over theyear, the inflow of such materials has risen moresteadily and to a larger extent than other imports (seefig. 2). In May, strategic and critical materials valuedat 105 million dollars comprised 37 percent of the total;whereas, in July of last year the 65-million-dollar inflowwas only 30 percent of the aggregate. The largest ofsuch items has been rubber. This reached UnitedStates ports in the record value of 40 million dollarsduring May, which may be contrasted with a 30 millionaverage in the preceding 4 months and a 20-million-dollar inflow in May 1940.

Other materials important to the defense effort im-ported in large volume in May were copper (9.9 milliondollars); tin (13.7 million); and wool (18.7 million). Asthe stockpiling program is now conceived, only a portionof the total materials the United States hopes to acquirehave been delivered thus far. The proportions vaiyfor different commodities, the stocking of tin, manga-nese, and chrome, for example, lagging behind that ofrubber and tungsten. In many cases, only a part of theimports for the Government actually reach the stock-pile, for industrial consumption is of a size as to requireuse of a portion of these imports each month.

Table 1.—Imports of Merchandise for Consumption, byCountries

[Thousands of dollars]

May 1939 I May 1940 May 1941

Total imports . . .

Canada-North America, excluding CanadaSouth America_.Uni ted KingdomEurope, excluding United Kingdom.1 apanAsia and Oceania, excluding JapanAfrica

203. Wr-i

....... A^l\L'3. % 1 I 2«>. >s7t ,11.317 i 9, ! M ,

2S.0LV, jJ7.fi 17

12. 3CX |

2M,3. r>!

1<; 3 17

:•><;. 17!

12! f:si13. 033

•19. 553 00. 507 1 (,)f). 771\ 72') ' 12. HvS

With the shift in the composition of imports and theclosing of Europe, has come a steady change in therelative importance of various areas as a source ofimport supply. Imports from Latin America, Africa,and Asia other than Japan—-the raw material producingareas—are continuing to grow, both in the aggregateand as a proportion of the total. Receipts in Mayfrom each of these areas were approximately double the1939 rate. Together they formed about 70 percent oftotal imports, while in 1939 they were only 50 percentof the smaller total. Imports from Canada also haverisen sharply, with a value of 48 million dollars in Mayof this year as against 36 million in May 1940. Ship-

ments from the United Kingdom have been maintainedsurprisingly well, being about 10 per cent lower in thefirst 5 months than a year previous.Shipping of Increasing Importance.

In coming months the volume of imports will bemainly governed by political developments in thePacific and by the availability of shipping. The situa-tion in regard to shipping is of course steadily worseningand is expected to continue to do so at least until 1942.New construction in the United States during the first6 months amounted to 327,000 gross tons. But this,plus British construction and the acquisition of 480,000gross tons of immobilized foreign vessels, have ad-mittedly fallen short of the 2,540,000 gross tons an-nounced as sunk in the same period.

Table 2.—Employment of American Steam and Motor Mer-chant Vessels of 1,000 Gross Tons and Over During Selected3-Month Periods of 1939, 1940, and 1941 i

[In gross tons]

Service

Merchant fleet, total

Laid-up vessels, total- _ _Government ownershipPrivate o w n e r s h i p . . . . . . . . . . _.

\ c t ive in trade, totalForeign trade, total .

Europe . .Orient, Far East, and IndiaAustralasia . .Africa-South AmericaNearby foreign 3 . . -Foreign trading foreign 4 ...-Around the world

Coastwise trade, totalIntercoastal _ _Other than intercoastal

Three-month period ended—

June 30,

8

1

02

41,3,

1939

127, 773

735, 5G1770,188965, 373

392, 212094, 212704,649213,18164, 55481. 747

319, 515532, 562

75, 880102, 124298,000022,152275, 848

Dec. 31,1940

7, 226, 993

721371

June 30,

185523!

349, 062

6, 5052, 434

808:6408i 2

* 00,135732, 02793

247,484,631,

12,172,

4 071,745,

3, 326,

564461624916148533400 i 3,266134 3,

1941

808

1388751

6708162 74767102290,463,873,

81,163,853573,280,

425

392199193

033141627140253824246560183308892674218

Increase or decreaseJune 30,1941 from—

June 30,1939

-1,319,348

-1,597,169-682, 989-914,180

+277, 821+721,929—630, 022+553, 959

+37, 699+209, 077+143, 731+340, 998

+ 5 , 303+61,184

—444 108-448 , 478

+4 , 370

Dec. 31,1940

-418,568

— 582,793-284,324-298,469

+ 164,225+381,733

+ 14,492+35, 113

+ 8 , 689+43, 363-21,378

+241,644+69, 035

- 9 , 225— 217 508-171,592

-45,916

1 Does not include Lake or River tonnage.2 Portugal and Spain only.3 Includes Canada, Mexico, Central America, West Indies, and North Coast of

South America to and including the Guianas.i Ships engaged in operations in foreign ports.

Source: United States Maritime Commission.

Insofar as American-flag shipping itself is concerned,the over-all depletion has created the necessity for anemergency pool of American vessels which is to total2 million gross tons. A proportion of this tonnage al-ready has been made available to the British, especiallyfor hauling* material and supplies to the Red Sea andFar East, from the United States. Of course, thesevessels are in many instances bringing back necessarymaterials to the United States.

Transfers to the British and other foreign flags, aswrell as further requisitioning of vessels by the Armyand Navy, more than offset new construction andreduced the merchant fleet of the United States 419,000tons between December and June, leaving a total of6,808,000 tons. Since the outbreak of war, the Armyand Navy have acquired 1 million tons, or about ono-eightli of our prewar merchant fleet.

But as table 2 indicates, American vessels active intrade increased more than 150,000 tons from the last

6 SURVEY OF CURRENT BUSINESS August 1941

quarter of 1940 to the second quarter of 1941 despitethe reduction in the size of the total ileet. Thisincrease was accomplished by returning to service583,000 tons of vessels previously in lay up, only 138.000tons now remaining in that category.

The heavier tonnage operating to nearby foreignroutes has constituted the major shift in the employ-ment of American vessels since the end of 1940. Forthe most part, this gain was achieved at the expense ofthe intercoastal ship lanes.

Reports of ship clearances from American ports showthat the expansion of United States tonnage active inour trade has been offset by an almost equal decline inforeign shipping. Though the volume of goods flow-ing from and to the United States has to this time risenin the face of reduced shipping space, it is apparent thata severe shortage of shipping space now is general inso-far as commercial cargo is concerned. Latin Americantrade has been less seriously affected than that fromother areas, while Far Eastern trade has suffered themost. Despite the growing difficulties, however, ship-ping should continue to be sufficient to haul essentialmaterials.

For 1942 the shipping outlook has been considerablybrightened by the Maritime Commission's request toCongress for authority to expand the present ship-building program. Under the proposed revision. 6,642,-000 deadweight tons would be delivered in 1942, morethan double the amount previously expected and wellexceeding the current rate of sinkings. A similar ton-nage would be delivered in 1943.

Output Expands at Slower Pace.

Industrial production advanced somewhat moreslowly in July than in the preceding 2 months as someindustries cut output because of seasonal and otherconsiderations.

In every industry, however, demand has remainedextremely heavy. New business flowing to manu-facturing industries in June had shown no signs ofslowing its record-breaking pace. The Departmentof Commerce index of new orders for that month roseto a new high of 228, up 10 percent even from theunusual volume of the previous month. Thoughalmost all industries reported heavier shipments (theindex advanced from 180 in May to 190 in June), orderbacklogs in industries producing durable goods againexpanded and at the beginning of July were almost 3times those of a year earlier.

Where July output fell, as in the automobile, steeland anthracite coal industries, the reduction was lessthan that which usually has occurred in past years.Moreover, in those industries producing directly fordefense needs, such as the machinery, shipbuilding, air-craft, and railway equipment lines, output gains con-tinued unabated. The net result was another substan-tial advance in the Federal Reserve's adjusted index of

industrial production, which appeared on the basis ofpreliminary returns to have reached 162, a rise of 5points over the June level. At this rate, the advancein the unadjusted index would have been limited to asingle point, leaving it at 158.

Production Rate Now Double That in Last War.

Whereas a year ago, military output in this countrywas only a small fraction of total production, it now isbeginning to assume, after months of "tooling up," asubstantial proportion of a much larger productionvolume. Some appreciation of the present level ofaggregate industrial output is gained from noting thatit is just double that in the middle of 1938.

Moreover, the mid-1938 production level was approx-imately that which prevailed throughout the wholeperiod of the first World War, as may be seen by refer-ence to figure 3. The present upswing is radicallydifferent from the experience of a quarter of a century

80

140

120

i no

80

60

40

- FIRST WORLD WA

! I !

|

i ! 1 i 1 ! 1

- SECOND WORLD WARi i

1 1 !

1 \s

1

! | • i • ; ,

1914 1915 1916 1917 1938 1939 1940 !S4iDO 41-32.

Figure 3.—Index of Industrial Production Adjusted for Seasonal Varia-tions, First World War, 1914-18, and Second World War, 1938-41 (FirstWorld War data, U. S. Department of Commerce; Second World Wardata, Board of Governors of the Federal Reserve System).

ago, when after an initial advance in 1915, first the lackof plant, then a shortage of additional labor (causedpartly by growth of the armed forces), and increasingfrictions within the economy precluded any furtheradvance.

The availability of unemployed labor and plant hasmade it possible to bring about the great expansion ofthe past year with a minimum of friction. For thetime being, labor shortages are still a problem of sec-ond ary importance. The chief difficulty now is an inade-quate capacity, both of finished plant and required rawmaterials, for producing the type of commodities insufficient volume needed by the country at this time.

These capacity deficiencies are being rectified to someextent. But the raw material problem, particularlyin the metals, has grown increasingly serious, and inJuly it became more evident that consumer goods indus-tries competing for scarce metals must face an accentu-ated curtailment of output,

Meanwhile, automobile production continued to beexceptionally heavy for the model year end. Produc-


tion of 463,000 units (including a small Canadianoutput) was a decrease of 15 percent from the previousmonth, but in recent years the decline has averagedmore than that.

Steel production, one of the metals in short supply,was down slightly in July, output being at about 96percent of capacity. Producers complained of depletedstocks of scrap and an inadequate supply of pig iron.The two may be substituted for one another in theproduction process to some extent, and the Office ofProduction Management, looking to the future, recom-mended the construction of 6,500,000 tons of pig ironcapacity. This, the largest addition in the history ofthe industry, would be completed in about 18 months.The Supply of Copper.

Copper is another metal so necessary to the arts ofwar that a threatened shortage has developed veryquickly. Despite record domestic output (June min-ing of SO million tons was 9 percent over a year earlier)and unprecedented imports of refined copper, estimatespoint to a total supply this year that will probably fallshort of civilian demands, after the satisfaction ofdirect and indirect defense needs, by 200,000 or moreshort tons.

The copper situation is particularly interesting as anillustration of the rapidity with which defense develop-ments have altered the raw material outlook of manyproducers of civilian goods. As late as last fall it wasbelieved by most observers that the copper supplywould be adequate, though supplies of certain othermetals might become short. The United States wastypically a net exporter of copper; there had been nodifficulty aside from price in expanding supplies inWorld War I; moreover, United States companies hadlarge mines in Chile and Mexico, whose surplus couldbe made available for this country's needs.

These observers, however, underestimated the mag-nitude of the defense program, the disproportionatelylarge amount of copper required by the equipment ofmodern warfare, and the degree to which demandwould be expanded by the high level of income inducedby defense expenditures. Nor did most observersforesee the rapidity or the degree in which the shippingsituation would be altered, making it difficult to enlargeimports.

The current copper supply stems from a number ofsources, shown in figure 4. In the current year, copperrefined from domestic ores (roughly equivalent todomestic mine output) will be 1 million tons or more,slightly better than the previous record year of 1929.To this may be added 100,000 tons of secondary copperobtained from primary refiners.

Imports of refined copper, expanded enormouslyfrom any previous volume, were expected to be 600,000tons this year, the Metals Reserve Company havingcontracted for 500,000 tons to be brought in duty freeAlmost all of this import is from South America, and

the quantity is the maximum obtainable from that con-tinent at this time. In addition, about 200,000 tonsof foreign ore are imported from Mexico, Canada, andthe Belgian Congo, refined under bond for reexport,and sent for the most part to Great Britain.

Excluding the latter import and allowing for laggingdeliveries to the Metals Reserve Company becauseof the shipping situation, the total supply availablethis year for all uses probably will be in the neighbor-

MILUONS OF SHORT TONS2.5

IMPORTS OF REFINED COPPER

SECONDARY COPPER FROMPRIMARY REFINERS

REFINED FROM FOREIGNORES, MATTE, ETC.

REFINED FROM DOMESTICORES

1925-29 1936AVERAGE

1937 1938

Figure 4.—United States Supply of Refined Copper, 1925-29 Average and1936-41.

NOTE.—Data for 1925-29 average and 1936-40 are from the U. S. Bureau of Mines exceptdata for secondary copper which are from the American Bureau of Metal Statis-tics. Estimates for 1941 by the IT. S. Department of Commerce and the Office ofProduction Management.

hood of 1,650,000 tons. It should be pointed out,however, that these calculations do not include about300,000 tons of secondary copper recovered by otherthan primary refiners, in brass, bronze, and otherscrap, and used again in alloy form.

Requirements on a basis comparable to the abovesupply figures, including lease-lend deliveries, areestimated by the Office of Production Managementat about 1.9 million tons. At least one million tonswill be required for direct defense and the maintenanceof essential services such as power transmission andcommunications. Tn 1942, this figure will be evenlarger.

Confronted with a shortage, the Office of ProductionManagement on May 31 issued a General Preferenceorder placing copper under mandatory control, andrefiners were ordered to set aside each month forallocation by the Director of Priorities an amount equalto 20 percent of April production. Metals ReserveCompany copper was also to be so allocated. On July 9this order was amended to require both fabricatorsand refiners to accept orders bearing preference ratingsand to use available copper first for such orders. Sinceearly August the entire supply has been allocated bythe Division of Priorities and the Office of CivilianSupply.

Whether the supply of copper can be expandedbeyond the level now envisaged for 1942 depends uponpossible expansion of domestic mine output. Somedomestic refining capacity still remains unused. That


it is still possible to undertake the opening up of largenew low cost ore reserves is shown by the Morenci,Arizona, property of Phelps-Dodge which aroundNovember will begin to add 75,000 tons annually todomestic production. But this mine took 5 years todevelop. Even existing high-cost mines in Michiganand Arizona which may be reopened if a subsidy isgranted, and can possibly produce up to 150,000 tons,will take 6 months to a year to get back into produc-tion. However, the Office of Price Administration andCivilian Supply is at present pushing plans for paymentof a subsidy where it is required. Moreover, arrange-ments are being made for extension of financial andamortization provisions for new capacity similar tothose employed in the construction of defense plants.The most favorable development of such plans wouldincrease total supply barely to 2 million tons in 1942.

A ceiling price for copper of 12 cents a pound wasset on August 5. The bulk of the output had beenmoving at that figure; although custom smelters andsmaller producers were selling at the previous ceilingprice of 12} cents. While it is interesting to comparethese prices with the bulk line price of 23V, cents fixedin 1917 by the War Industries Board, when a large partof the output cost only 12 cents per pound to produce,it must be remembered that costs of mining and process-ing have been substantially reduced since, as a resultof improved technology.

It is clear that the initial incidence of restriction onuse will fall on such articles as automobiles, radios, airconditioning apparatus, oil burners, water heaters,refrigerators, washing machines, and yacht fittings.But a 50-percent cut in output of these items, which,account for 20-25 percent of domestic consumption,would save only 150,000 tons of copper. Hence,other uses, including possibly building, will have to bedenied or substituted for in 1942. Plastics can be sub-stituted in a few lines. But the substitution of othernonferrous metals generally is not feasible as they areas scarce or scarcer.The Nature of the Recent Inventory Advance.

Part of the rise in output occurring during the pastyear has appeared in the form of larger inventories.Most of this accumulation has been concentrated inthe manufacturing industries, though goods in the handsof wholesalers and retailers have also increased some-what. Thus, in June, the Department of Commerceindex of manufacturers' inventories advanced to 128, anaccumulation during the month of 200 million dollars—smaller than that in May but still representing a sub-stantial rate of investment.

Total inventories at the end of June could be roughlyvalued at about 21.9 billion dollars, an increase of1.1 billion from the revised December estimate. Thus,the rise in the first 6 months of this year was onlyslightly smaller than the 1.2 billion expansion in theprevious half year.

Practically all of this increase was associated withthe manufacturing industries, as their inventory rosein value 1.1 billion dollars to the record high of 13.7billion.

Stocks in the hands of the trade showed divergentmovements. Wholesalers expanded their holdingsabout 400 million dollars, with a total value in June inexcess of 3.2 billion. Census reports indicate thata very considerable amount of this increase was in thehands of food and produce dealers, and these dealershave been faced with a more rapid price advance thanothers. Hardware dealers also had expanded stocksmore than the average.

Retailers, on the other hand, had actually reducedinventories in the aggregate as depleted automobilestocks were only partially offset by larger store inven-tory. Total retail holdings were valued very roughlyat 5 billion dollars as of the end of June, down about400 million dollars from December. Automobiledealers held under 300,000 units in stock, as contrastedwith 450,000 in December. But the Federal Reserveadjusted index of department store stocks stood at77 (1923-25 = 100), 8 percent above December (on avalue basis) and just one point below the recent highin 1937.

Further evidence has been gathered to suggest thatthe bulk of the inventory accumulation by manufac-turers has been for the most part a normal accom-paniment of a rapidly expanding level of production.Though manufacturers' inventories are now the highestin history, both in dollar value and physical volume, formanufacturing as a whole, the ratio between totalphysical stocks and production is lower today thanat any other time in the past several years.

Only a small part—less than 5 pel cent of the 16 per-cent aggregate increase in value from May 1940 toMay 1941 (the latest month for which detailed dataare available) can be attributed to revaluation becauseof price changes.

As shown in figure 5, over the past year the inventorygrowth in its aggregate has consisted exclusively of rawmaterials and goods in process, the two increasing invalue 20 and 50 percent, respectively. The value offinished goods remaining in the hands of manufacturersactually was 5 percent smaller in May 1941 than inMay 1940.

It is useful to compare the inventory expansion of thepast year with that of the year previous (which includedthe speculative inventory upswing in the fall of 1939).In this earlier period, both raw materials and finishedgoods stocks rose to a much greater extent as comparedto the advance in output than has been the case duringthe past year.

On an absolute basis, rough estimates for the May1940-May 1941 period indicate that the increasedinventory was about equally divided between rawmaterials and goods in process, while finished goods

August 1941 SURVEY OF CURRENT BUSINESS 9

inventory declined some 300 million dollars or aboutone-third of the expansion of the other types. Theabsolute increase of goods in process is even morestriking when it is remembered that in recent years thistype of inventory has constituted only about 15 percent

DECEMBER 31, 1938 = 100200

175

1939 1940 1941 m 4,.3I5

Figure 5.—Indexes of Value of Manufacturers' Inventories, December 31, 1938—May 31, 1941 (U. S. Department of Commerce).

of the total, with raw materials accounting for 40 per-cent and finished goods 45 percent.

Thus, the form which the increased inventories havetaken suggests that accumulation for speculative pur-poses has been of secondary importance. Such aconclusion is substantiated further by examination ofthe industries most actively engaged in expandingstocks. About two-thirds of the increase is held byproducers of durable goods. Moreover, by far thelargest accumulation has been in industries expandingoutput very markedly for defense needs: iron and steel,machinery, nonferrous metals, and railroad equipment.As might be expected, finished goods inventory held bythese manufacturers has declined to a necessaryminimum.

The Rising Volume of Residential Construction.

Construction activity again expanded in July. Aspointed out in detail last month, defense building wasscheduled to reach a peak this summer, with veryheavy construction of plant, airports, and variousmilitary and naval bases more than offsetting a markeddecline in cantonment building. In addition utilityconstruction has been the heaviest since 1930. But ofas much importance as any other single factor in liftingconstruction activity to its current high level has beena very large demand for residential building.

The magnitude of the residential building likely tobe accomplished this year is shown in figures 6 and 7.Following a decade of rapid decline and slow recovery,this year will probably witness the construction of closeto 650,000 nonfarm dwelling units, a number only 8percent smaller than the average of the twenties,though about 30 percent below the peak volume of 1925.

The present heavy demand is chiefly the result ofthe high level of income, the extraordinary internal

40279S—41 2

migration now under way, and the relatively smallamount of building in the middle thirties. From 1930to 1940, an average of only 220,000 nonfarm dwellingunits were started annually compared with an averageannual increase in the number of families of about323,000. This left the Nation with an exceptionallylarge backlog of unfilled housing needs at the beginningof the present decade.

Moreover, the defense program has created thenecessity for an exceptionally large-scale movementof workers into defense areas both for constructionand production jobs. For example, Detroit, typical ofvarious defense areas throughout the country, antici-pates a net inflow of some 75,000 workers.

It is apparent that much of the housing need atthe moment is of an essential character and cannot be

THOUSANDS OF UNITS800

600

400

200

1 I PUBLIC

• PRIVATE

1937 1938 1939 I94O 1941CD. 41-325

Figure 6.—Number of New Dwellings in Nonfarm Areas by Type of Ownership,1920-41 (U. S. Department of Labor, except for 1941 which was estimated bythe U. S. Department of Commerce).

postponed. However, some curtailment of the non-essential building appears inevitable before the yearis out, through operation of the priorities system. Noshortage of building labor is yet apparent as in the lastwar, when competing types of construction drainedworkers from residential building. Moreover, no over-all shortage of materials is yet in evidence or is likely.But dealers are experiencing growing difficulty in ob-taining delivery of metal products and fixtures, par-ticularly for plumbing, heating, and refrigeration.

Residential building uses only small fractions ofthe total supply of the scarce metals—700,000 homesof average size would take less than 4 percent of thecopper and zinc supply. Nevertheless, priorities al-ready are exerting some retarding influence and plansare being formulated to give necessary housing in de-fense areas a high priority rating. Transport diffi-culties such as those now appearing in west-coast lum-ber centers may also have a dampening effect on build-ing activity.

The nature of the present housing demand has madenecessary a large amount of public building. An initialcoordinated program has been undertaken by variousFederal agencies providing for about 125,000 dwellingunits at a cost of 493 million dollars. Another bill is


now before Congress, which will appropriate a further300 million.

As of July 26, contracts had been let for 76,000public housing units, and 25,000 of these had beenconstructed. About two-thirds of the completed unitsare for use by married enlisted personnel and civilianemployees of the Army and Navy.

From now on emphasis will swing heavily to housing-units for civilian industrial workers as newly constructedprivate and Government plans are brought into pro-duction. In addition to public housing, it is estimatedthat a large proportion of the private residential build-ing is being undertaken in defense areas. Last yearthese regions contained about two-thirds of the aggre-gate residential construction and at least this propor-tion is expected in 1941.

A significant aspect of the present increase in resi-dential building activity is its occurrence in the face ofrising costs. During the past year building costs have

advanced about 10 percent, with higher wage rates andhigher material prices contributing about equally tothe increase.

BILLIONS OF DOLLARS4

1 I PUBLICffli PRIVATE

Figure 7.—Expenditures for Residential Construction in Nonfarm Areasby Type of Ownership, 1920-41 (U. S. Department of Commerce).


Income Payments by StatesBy Frederick M. Cone

WITH the exception of one State, total incomepayments made to individuals in the various

States were larger in 1940 than in 1939. If the Statesbe banded into regional groups, every region receivedincreased income. For the country as a whole, theaggregate of income payments reached 75,512,000,000dollars,1 an advance of 7 percent above that of theprevious year.

Although the increase in income was largest in theindustrial areas of the country in 1940, and smallest inthe agricultural sections, it was surprisingly uniform asamong the different regions. The evidence is clear,therefore, that the stimulus of defense production washaving favorable repercussion on an almost nation-widebasis.

Increases of 8 percent appeared in income paymentsto the New England and Pacific Coast States, in bothof which areas defense production is of particular im-portance. A similar gain w as registered by the EastNorth. Central States, containing a variety of heavy in-dustries essential to the defense effort. The highly in-dustrialized States of the Middle Atlantic area showedthe somewhat smaller advance of 6 percent for theperiod. Though the sharp rise of industrial activity inthe South Atlantic States was partly offset by a declinein the foreign demand for tobacco and a slight drop infarm income, income payments in this area rose 7percent.

The agricultural States of the West North Centraland Mountain areas benefited indirectly from the indus-trial pick-up, and their higher farm income brought anincrease in total income payments of approximately 6percent, slightly less than the national average. Onlyin the deep Southern regions were the effects of the risein manufacturing activity less marked. There the de-cline in farm income held the income payment advanceto about 4 percent.

The individual States themselves showed gainswidely dispersed about the 7 percent increase forthe continental United States as a whole. Connecti-cut led the Nation as its 12 percent increase in incomepayments attested to the importance of defense in-dustries in that highly industrialized State. California,center of the vital airplane industry and an importantshipbuilding State, experienced an industrial boomsimilar in magnitude to that of Connecticut. However,

1 The income payments totals shown in this article differ slightly from the annualtotals of the monthly income payments shown in the July Survey of Current Business.The differences are largely attributable to salaries and wages received by employeesof the Federal Government domiciled abroad or in the territories and possessions.Another item of some importance is the small volume of dividends and interest paidout by domestic corporations and received by residents of Hawaii, Puerto Rico, andAlaska.

in California factory pay rolls account for only 15 per-cent of the State's income as compared with 34 percentfor Connecticut; so the resultant rise in income wasonly 9 percent.

Following closely upon Connecticut was Michigan,recording an 11-percent increase over 1939, largely as aresult of a marked rise in automobile and defense out-put. Increases of 9 and 10 percent were shown byseveral other industrial States and by scattered Statesin the agricultural sections of the country, particularlythe Mountain States where mining plays an important

1929 = 100120

100

80

60

40

120

I0O

! !

s NORTH ATLANTIC STATES

^CONTINENTAL

1 1 1 ! 1

UNITED STATES

! 1 I

4 0 I ! I I I ! ! I ! ! I

120

401929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940

DD. 41-343-A

Figure 8.—Indexes of Income Payments for Continental United Statesand the Northern Regions, 1929-40 (U. S. Department of Commerce).

part in the State economy. But for the most part, in-creases in the predominantly agricultural States rangedbetween 4 and 6 percent. Mississippi had a slightlysmaller volume of income payments in 1940 than in1939.

It should be noted that the changes in income pay-ments understate to some extent the changes in eco-nomic activity as between different regions. Thedistribution of certain types of income, notably thereturn to capital, is nationwide in character and inde-


pendent of purely local conditions. Other forms ofincome, such as relief and social insurance benefits,are designed to cushion the effects upon income recipi-ents of the cyclical fluctuations in income arising fromproductive activity and therefore tend to vary inverselywith salaries and wages.

As compared with a 9-percent rise in salaries andwages paid out in the Nation as a whole, Connecticutpay rolls for 1940 showed an increase of 16 percent overthe preceding year. Important increases were alsorecorded for Michigan (14 percent) and Indiana (12

120

100

8 0

6 0

120

1 0 0

\

1 I

CONTINENTALUNITED STATES

^SOUTH CENTRAL

I I I !

STATES

1 !

1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940DO. 41-343-B

Figure 9.—Indexes of Income Payments for Continental United Statesand the Southern and Western Regions, 1929-40 (U. S. Department ofCommerce).

percent). In the agricultural States of the Southwest,on the other hand, employees' income rose only 5 per-cent, though in these States such income is a much lessimportant component of the whole.Income Payments Thus Far in 1941.

Most of the expansion in income payments in 1940occurred in the final 6 months. Since that time therise has been continued at an extremely rapid paceand in the first 5 months of this year income paymentswere 13 percent above a year ago. Every section ofthe country has participated in the increase and in eachinstance the percentage rise has been greater so far thisyear than in 1940 as a whole.

Again the effects of the defense program are quiteobvious. Income payments in New England, a center

of shipbuilding and aircraft manufacturing, are up1G percent from January through May. The SouthAtlantic and Pacific States have also received a rela-tively large volume of contracts for naval and air-craft construction, but in these areas the moderateincrease in agricultural income has served to temperthe resultant expansion somewhat and consumerincome rose by 13 and 12 percent, respectively. Thoughthe East North Central States have received a rela-tively small volume of contracts, they contain muchheavy industry and income payments are up 15 percent.The largest defense contract volume has fallen to theMiddle Atlantic States. But the defense work is notout of proportion to the industrialization of the region,so income has risen 13 percent, the average for theNation as a whole.

It is in the agricultural regions that the smallestgains are shown, with an average income increase of 8percent since the opening of the year. However, theimprovement in these areas will be greater for theremainder of the year as a result of the recent advancein agricultural prices.

Table 1.—Percent Distribution of Defense Contracts andValue Added to Products by Manufacture, by GeographicDivisions, and Percent Increase in Income Payments forEach Geographic Division

Division

United States _ _ .

New Er gland _ .A [ifIdle Ul anticEast North CentralWest North Central . . _South AtlanticEast South CentralWest South CentralATountainPacific

Percent of nationaltotal

Defensecontractsawarded

June 1940-June 1941 i

100.0

13.027.318.44.9

11.43.45.31.3

15.0

Valueadded bymanufac-

ture, 1939 2

100.0

9.829.831.55.59.03.43.41. 16.5

Percent increase inincome payments

Jan.-Ma v1941 fromfrom Jan.-May 1940

13

1613157

12

109

13

1910from1939

7

g

s6

n368

1 Data from State Distribution of Defense Contract Awards, Office of ProductionManagement.

2 Census of Manufactures, 1939, U .S . Bureau of the Census.

Movements from 1929 to 1940.

Of equal interest are the changes in income paymentsof different regions over a longer period of time. Thecomparative rise or decline of income in different Statesover the decade is the net result of a whole host offactors, including changes in population, the degree ofindustrialization, the nature of the industries in theregions, the character of the stimulus to industrialactivity, and so on. Thus, in more than one-third ofthe States income payments in 1940 exceeded those of1929, though payments for the country as a wholewere 8 percent less in 1940 than in 1929.

Moreover, in contrast with the 1939-40 rise in income,which was somewhat heavier in the industrial sectionsof the national economy, the 19 States having anincrease over the 12-year period were concentrated for


the most part in the Southern and Western regions ofthe country. Only in two of the populous States ofthe industrial Northeast was 1940 income above thatof 1929.

The accompanying charts illustrate the relativetrends in income payments over the years 1929-40 forsix major geographic regions. Table 2 presents therelative movements in per capita income for certainsignificant years, together with ratios indicative ofthe income structure of the various regions.

The North Atlantic States, which include New Eng-land and the three populous States of the Middle Atlanticgroup, are in the main highly urbanized and have adiversified industry. In 1940 these nine States con-tained 27 percent of the Nation's population but re-ceived 35 percent of its income. During the post-1929downswing income in the North Atlantic States de-clined less than that over the country as a whole.However, it failed to respond as completely as in otherregions to the forces of recovery, and in 1940 income inthese States was 13 percent below the 1929 level ascompared with an 8 percent decline for the continentalUnited States as a whole. Within the North Atlanticgroup the New England States, wliose industries aremore heavily devoted to consumers goods, made a bet-ter showing in all years. Nineteen-forty income in theNew England States was within 8 percent of the 1929figure. The smallest recovery relative to 1929 for theregion was in New York, principally because of thedecline in the finance industry and the continued lowconstruction activity in that State.

The East North Central group of States is also highlyindustrialized but specializes to a great extent in theproduction of durable goods. Agriculture is of muchgreater importance here than in the North AtlanticStates. Compared to the country as a whole this regionexperienced a very sharp drop in income from 1929 to1933 but the recovery in later years was very pronouncedand by 1940 the boom in the heavy industries had carriedconsumer income to within 10 percent of the 1929 volumeVariations within the group were extremely wide. In1940 Indiana income was only slightly lower than in 1929,

while the income of Illinois was 18 percent below thepredepression level.

The West North Central States are predominantlyagricultural in character, with activity being devotedlargely to the production of staple commodities. Forrecent years agricultural income has represented about22 percent of all income payments in this region ascompared with 9 percent for the United States. De-spite the specialized nature of its economy, the trendin income in this area for the period 1929-40 approxi-mated that for the country as a whole. But severalof the States suffered a decline in population within theintercensal period and the population in the regionexpanded only 2 percent as compared with a 7 percentincrease for the United States. In per capita terms,therefore, 1940 income for the West North CentralStates was only 13 percent under 1929, while that forthe Nation had been reduced 15 percent.

The South Atlantic States are relatively heteroge-neous in character. Over the intercensal period theregion as a whole experienced a marked advance inurbanization and in specialization in light industries,so that all States had heavier income payments in 1940than in 1929 save the State of West Virginia, where1940 income payments were only slightly below 1929.Nineteen-forty income was actually 11 percent greaterthan at the beginning of the period. Population in-crease was also substantial in this section of the countryand as a result per capita 1940 income was 2 percentbelow the comparable average for 1929. Indicativeof the expansion in productive activity in the SouthAtlantic region was the 13 percent higher employees7

income in 1940 than in 1929. In contrast, salariesand wages in all other geographic regions were sub-stantially below the 1929 level except in the WesternStates, which had a rise of 4 percent.

In the South Central States the economy is pre-dominantly agricultural and still largely dependentupon cotton. The section as a whole has the lowestper capita income in the Nation, accounting in 1940for 18 percent of the population and only 10 percentof the Nation's income. Income payments in this

Geographic division

Continental UnitedStates ._

New England .__ _Middle AtlanticEast North Central.....West North Central. __South Atlantic . . .East South CentralWest South Central. _.Mountain,Pacific

Percentof popu-lation incities of25,000

and over,1940

40.1

55.058.449.227.125.917.623.320.149.9

Table 2.—Income Payments by Regions, for Selected

Percentof popu-

lation20-64

years old,1940

59.0

60.062.260.357.854.952.855.355.763.4

Per capita in-come payments

(dollars)

1929

677

833949762545446334425571879

1940

573

730751636473433282272518760

Range ofState percapita in-come pay-ments in

1940(dollars)

195-960

504-864624-853537-691384-526281-872195-330253-422356-960586-819

Years, 1929-40

Indexes of per capita income payments,1929=100

1932

58

676253556353555659

1933

55

62

50556049545755

1936

78

8175

828980788679

1937

83

847982849382869183

1938

75

7272798777828277

1939

80

827578

9280858781

1940

8.5

n83879784889186

Agricul-tural in-come aspercentof totalincome,

1940

8.7

2.62.27.1

21.810.418.918.819.58.5

Salariesand

wages inmanufac-turing aspercentof totalsalaries

and wages,1940

32.1

41.634.843. 320. 025.924.714.611.324.9

Income composition 1940,percent distribution

Employ-ees' com-

pensa-tion

68.9

70.869. 873.761.369. 966. 061. 565. 666.8

Entre-preneurial

with-drawals

16. 3

10.211.514.427. 616. 724.424.524.318.1

Divi-dends,

interest,etc.

14.8

19.018.711.911.113.49. (

14.010.115.1

14

Division and State

Continental United States, total

New England:Maine__ _-_ - _ . . _..New HampshireVermont -. . .MassachusettsRhode I s l a n d s . _ _Connecticut

Middle Atlantic:New York ' __New Jersev l

Pennsylvania.- _ - . _ _ _.East North Central:

Ohio . . . -IndianaIllinoisMichigan. __ _ . . _ .__Wisconsin

West North Central:MinnesotaIowaMissouriNorth DakotaSouth DakotaNebraska - -Kansas^ - . . . --.. .

South Atlantic:DelawareMaryland ' . . . _District of Columbia 'V i r g i n i a ! _ . . . . . . . . _ _West Virginia _ . . . . . . . . .North Carolina . . . . . . . . .South Carolina .. ... .Georgia. -Florida .._

East South Central:Kentucky._____ _ . .. . .Tennessee- . . . . . . . . . .Alabama . . . . . . . . . . . .Mississippi .. .

West South Central:Arkansas . ..Louisiana - . . . . . . . . .Oklahoma. . . . -Texas _

Mountain:MontanaI d a h o . . .Wyoming.Colorado- _New MexicoArizonaU t a h . . . .Nevada-

Pacific:Washington.OregonCalifornia. . . . . . . . .

SURVEY OF CURRENT BUSINESS

Table 3.—-Per Capita Income Payments by States, 1929-40

1929

677

570648601883843932

1, 089975758

746591897763653

571530602433435531511

932721

1, 170431408319270330516

371355323271

302409451459

644529712589356584558897

1 694658968

1930

006

556605545825770850

1,012913693

649510762631570

537

5 5°361420542476

778OS..

1, 1633*3409263223275455

317295242204

2223553573S9

5334796495S232550250682S

642568877

1931 ! 1932

512

489548484747699744

870798582

543422620519468

459410462059

345451

394

384427380614

578

680034439

401315460395355

343274

178191277

393 277

712 537602 486

1,(1*1337

9292*3

348 ' -JriS223 1821S9 155227 i 1SS391

261

307

211240 193190 157142 ! 130

172 1 155310297319

243217259

443 319307 i 268559 ! 406489 ; 360283 i 205419 • 309412 j 303749 : 577

i 51S 391! 477 i :.r,2

749

1933

372

370414349562592544

626570408

389308431348337

329287333212220300280

5064517872602( >2194105185286

193185145124

143229•>•)/)

257

1 3362^741 s

35221 ">302300« . . .

379.!' .".10

1934

426

400465394609560606

6846'>7469

457366488446386

377326376241265372330

582502S5630932424020S231338

236239196160

181270255298

460349493390277oh.1'312(.16

4<S39.V).

1935

461

433487429640604656

720007503

505402531508438

420370404281294374365

634534910337343258221251365

259256206172

200285286320

5413cS75 151292*83952*7fi'.H)

4771.9092

1936

531

482522490711668751

804748580

596482621592511

492441473328361459420

755605

1.059387400289253288431

302295247213

234324327360

592US6215063344.V"442771

57S5347.)0

1937

560

497551494733697809

896812611

644521666656537

513437483358338449454

814652

1,068405413307266296458

316307254202

243345363409

597492620547347503483846

598562787

1938

511

459522454673632716

765747541

558464599545486

481427453322343396398

683605

1,011388372291256283431

294286236194

235346335

! 390

511432577492287463

! 452786

570! 522

729

August 1941

1939 | 1940

541 573

487542484713673775

787793585

504560542

730864

SI 4852624

607 l 644508 ! 551648 i 691603 i 656505 : 537

499450476354369419395

802651

1,011416384312

526471499385384444418

S3 6703

1, 022455401335

269 2S1297 321452

303303248205

247352341410

542452630529331465458

• 877

465

330325264195

253350354422

579470638551356478

! 4871 960

! 604 633; 552 /vs.:

765 M!)

1 Before c o m p u t i n g per cap i t a incomes , salaries a n d wages a n d to ta l income were reduced in t h " I )i-<r if. of C o l u m b i a and X e w Y01 k a n d increased in M a r y l a n d , Virginia ,a n d N e w Jersey to account for res ident? of t he l a t t e r S ta tes e m p l o y e d by e s t ab l i shmen t s located in I lie D i s . no ; and Xew York .

region declined much more sharply from 1929 to 1933than in the rest of the country, but the recovery in1934 and 1935 was very pronounced and thereafterincome paralleled closely the movements in the UnitedStates through 1940 when it was 8 percent lower thanin 1929.

The economy of the Far West still is largely agri-cultural, but to an increasing extent it is supplementedby mining in the Mountain States and by manufactur-ing on the Pacific Coast. Income in this area movedfairly closely with that for the continental United Statesduring the years immediately following 1929. How-ever, gains were larger than average during the upwardphase of the cycle and by 1940 income was 4 percentabove the 1929 level. The region experienced a markedincrease in population and the drop in per capita incomefor the period was comparable with that for the conti-nental United States.

Particularly noteworthy were the changes in theincome structure of California which in 1940 accountedfor 59 percent of all income in the Far West. California

income was 6 percent above 1929, but its per capitaincome was 15 percent lower than in that year. Indic-ative of the changing age composition of the Californiapopulation was the two percent decline in dividendsreceived as compared with the 20 percent drop notedfor the United States.

Content of the Income Payments Series.

It is perhaps wise to point out again a fact that hasbeen noted in previous releases on State income pay-ments:2 Income payments must be distinguished fromthe national income (for which estimates were publishedin the June issue of the Survey). Included in incomepayments arc salaries and wages; net of employee con-tributions to social security and other retirement funds;

2 For a broader discussion of income payments by States, the construction and usesof the estimates, see "Income Payments to Individuals, by States, 1929-38" (April 1940issue of the SURVEY OF CURRENT BUSINESS). Reprints of this article are availableupon request to the Bureau of Foreign and Domestic Commerce. For a compre-hensive explanation of the concept of income payments and a detailed description ofthe item included, see "Monthly Income Payments in the United States, 1929-40,"Government Printing Office, Washington, D. C , price 10 cents.


relief and unemployment benefits, pension disburse-ments, and workmen's compensation; entrepreneurialwithdrawals (incomes of self-employed persons avail-able for personal use); and capital return in the form ofdividends, interest, and net rents and royalties. Theseries excludes the business savings which constitutean important and highly variable component of thenational income. Employer contributions to socialsecurity and other retirement funds, which in recentyears amount to roughly 3 percent of total salaries andwages, are also included only in estimates of thenational income.

One of the functions of the series is to represent theState distribution of consumer incomes. For thispurpose the present series suffers from two majorshortcomings occasioned by the scarcity of relevantdata; (1) it has been found difficult to trace the flowof income through the medium of institutional investorssuch as banks and life insurance companies. The

latter cannot be considered as ultimate consumers butmerely represent the primary recipients of a substan-tial volume of property income. Secondly, wages andsalaries are usually assigned to the various States onan establishment rather than on a residence basis.This factor is particularly important in such Statesas New York and the District of Columbia which havea large daily influx of labor. Available data have nowbeen employed to distribute a certain proportion ofsalaries and wages paid out in New York and theDistrict of Columbia among residents of New Jerseyand Virginia and Maryland, respectively. Owing tothe lack of suitable information, especially in the caseof New York, it is not pretended that any more than astart has been made toward this very desirable refine-ment. Despite the inadequacies noted above, it isbelieved that the estimates presented below representa close approximation to the volume of consumer buy-ing power in the respective States.

Table 4.—Income Payments, by Type of Payment and by States, 1929-40

Type of payment.

Total-

Net salaries and wages....Other labor incomeEntrepreneurial income-Dividends, interest, etc..

Total

Net salaries and wages. _.Other labor incomeEntrepreneurial income..Dividends, interest, etc..

Total.

Net salaries and wages..Other labor incomeEntrepreneurial income.Dividends, interest, etc.

Total

Net salaries and wages. _Other labor incomeEntrepreneurial income.Dividends, interest, etc.

Total _

Net salaries and wages..Other labor incomeEntrepreneurial income.Dividends, interest, etc.

Total ..

Net salaries and wages...Other labor incomeEntrepreneurial income..Dividends, interest, etc..

1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940

Alabama

848 643 5091 423 j 3941 538? 569 683

51013

24184

43914

11674

350287259

263j 252211 3099 7540

301 32045) 42

148 160

37961

185

706I 661

420) 387401 56

182 16564 53

698 748

1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940

250 216 179

420 46758 j 61

164| 16356 57

Arkansas

558 414 326 297 275 349 382 4481 463i 452 478 494,

25216

10541

195326633

153309222

162i 17637j 39

1201 13.30 32

15840 i

40 44 49 i 5211661 164 1751 178!42 38 401 41

Colorado

604

35111

14597

511

29822

108|83!

377

238:

1658!65!

370

216237556

2383682

254429472

548 602

293| 32461

10589;

49303

54140! 117891 73

54128

79

621

35056

13184

Delaware

221

1182

24

186

10522158

173

9441857

132

7431540

126

6951339

146

8041745

161

8542151

194

9682367

210

11052669

179

10462346

224

126

66!

Florida

738 672

40111141119

589

3422312698

471

279179481

172[ 147] 1215j 5 9

441 37| 2829j 27j 21.

132

9172014

129

81112413

Arizona

176

107193119

206

124263323

238

149184526

224

134224523

229

138204625

240

148214526

California

3, 1761 3, 019 2, 568 2, 063 1, 892106 133569 609659 618

5,339 5,011 4,342 3,397 3,252 3,640 4,042 4,834 5,158 4,885 5,215 5,680

651 72 140920 865| 729

1, 178 1,0551 905

2,078180694688

2, 306241765730

2,653 2,970 2,856346I 254 312

990944

900!9351

3,041334916924

Connecticut

1, 482

96514132371

1,371

85215123381

1, 213

72729111346

950

5632289276

903

5433083247

1,014

6124294266

1, 105

68446100

1,273

77268112321

1,371

88046126319

1, 217

77567116259

1,322

86259122279

District of Columbia J

525

1391064112

634

4401261121

611

4282156106

545

388164893

479

332194385

538

371264596

612

436304799

741

5005355133

772

5473860127

763

5444160118

798

5473764120

3, 337370

1, 009964

1,477

291

845

62534

Georgia

582

1031

802

16166193|

44933

106180!

Idaho Illinois

235

13937518

214

12537016

167

10294412

123

818268

134

73943

971 113 127 12216 24 16 17!61 67 86 i 68112 161 16| 13J

134! 4,60071

8602-4 j 15! 1,246! 1,0061

3,901) 3, 151486148511

186! 220 245 220 234 248; 6,777j 5,826 4,764 3,541 3,333 3,783 4,1.25 4,841 5,205 4,701 5,098 5,462

n * 7 i 1 1 o i O T 1 1 0 i o c i o i i A rj\r\\ o n n i I •) i t i o OP.A o i c n o Aao o fifi/i! Q n i n 9 9 7 1 1 9 r > 7 , 1 9 9 ^ 9 9 ao.^

141!454!582j

5is|487|

2,364 2,159| 2,462 2,694; 3,019 3.371J 3,074 3,353 3,63224532|565

222!599j010

355!682!785|

25717458321

3111 325} 335672i 723! 7576441 697i 7 AC

For footnote see p. 17.


Table 4.—Income Payments, by Type of Payment and by States, 1929-40—Continued

Type of p a y m e n t

Total_

Net salaries and wages-.Other labor incomeEntrepreneurial income.Dividends, interest, etc..

Total.

Net salaries and wages..Other labor incomeEntrepreneurial income-Dividends, interest, etc..

Total . . .

Net salaries and wages..Other labor incomeEntrepreneurial income.Dividends, interest, etc..

1929 1930 1931 1932 1933 1934 1935 I 1936 j 1937 ! 1938 1939 1940

I n d i a n a

1,901 1,655 1,383 1,039 1,023 1,2241 1,351; 1,628! 1,704; 1,576! l,735i 1,890

1,32033

326222

1,13035

280210

924 689 j 655 7781 863 i 1,012 1,160, 986 j 1,127 s 1,26065 52; 57! 761 80s 129; S9j 136| 1251 113

223 1701 197J 239) 2671 308 3311 298 j 313 336171 i 1281 1141 1311 141 i 179 S 1841 1561 170 181

Kansas

956

52018

2831351

895

47919290

107

737

4073520788

520

3272410861

524

2922914657

613

3204018073

666

3364620777

763

36770

231195

411!45 :

254

395; 385!52!

407

20686

Louisiana

1929 [ 1930 I 1931 1932 1933 1934 | 1935 1936 I 1937 j 1938 1939 1940

Iowa

1,307]!, 29211,019 683

672! 63518| 20

4471 482170! 155

548

118

43229

86

817 929J1, l l l l l , 101 jl, 0804 , 140 1,197

375 414 452J 49634 44 45

237 271 33771 88 95

415

536! 522! 557 58952| 63! 65 66

399 391! 4051 423114 104i 113 119

Kentucky

966 832J 693 566 5211 6441 7131 835

562! 505 418! 32018| 201 41[ 31

252134

183124

134j 135100! 80

309J 34836 41

102 16986!

391 443461 761

1851 211191 105!

880' 827 :

I !477! 4491

53 60 :

244 223:106[ 95!

859 941

482 53765 63

212! 237100! 104

Maine

516121

196126

Total .

Net salaries and wages. .Other labor incomeEntrepreneurial incomeDividends, interest, etc.

Total.


Total __._.... _.

Net salaries arid wages..Other labor incomeEntrepreneurial income.Dividends, interest, etc..

Total_ ._


Total

Net salaries and wages..Other labor incomeTEntrepreneurial income.Dividends, interest, etc..

Total

Net salaries and wages..Other labor incomeEntrepreneurial income.Dividends, interest, etc..

Total

Net salaries and wages - .Other labor incomeEntrepreneurial income..Dividends, interest, etc_.

71913

141264

484131

654| 515!

410| 319301 25114! 95100! 76

488

300!35191162

586 635; 732 790! 801; 825!

337!42i

130!

3661

146!

82!

400:63

3 68101

47243;

163;112

473j

168!105!

47860176111

830

50261151116|

1

453

27698286

445

262108687

394

233176084

313 304! 330: 360! 404 4161 386; 410 428

198! 21119!50!63!

228327074

250; 23319 j 27TO fii

251 26325 2865 6569 72

Massachusetts

1,0881 968

668 j141

123J

M a r y l a n d i

738! 830! 885^ 1,012! 1,097; l,02l! 1,105' 1, 208J3, 728:3, 507;3,181J2, 612 2, 387^2, 586;2, 740 3, 05113,145:2, 8953, 0713, 271

58429!

1081247!283! 247!

469! 438! 490! 530 60323; 28! 4 2 ' ^ fili

89J 9lj 105! 116; 12(v206! 181 193! 200! 222;

Michigan

685!40

13S234

634!53

124;210

705 78912, 415 2, 207 1, 950| l , 55047 51 50| 58 1101 97

368223| 2291 895

331911

296 247825 718

1,427 1. 544 1, 671 1,814 1, 964il, 810 1, 950 2,102112: 146; 172! 2411 174! 235j 219 223222! 241! 259! 284! 305; 284: 299 314626! 655! 638! 712! 702| 566! 603 632

Minnesota

3,628 3,054

2,520! 2, 11439 j 44

4381 372631! 524

2,508 1,895

1,6881 1,3231001 76300I 239420! 25'

1,672J 2,166; 2,499! 2,963; 3,339 2,776; 3,124! 3, 40G| 1,45»j|l, 3 8 0 4 , 1 9 l | 897! 867:1, 002!l, 1234, 3244 , 3944, 320 1, 384 1, 473

1,168 1,93240171!

509128293236

i

1,751;• 1 2 5 !

337!286

2,003:186391383

2. 400119434 i:JS6

1,897;239360!280'

c

^210391311

425338

860! 823!201 22

370! 349201j 186

579j 514;34!

56478

627 70184J 131

259j 158 199; 231i 280j 3291 A 7 l l O f t 1 T 3 TOO i Q O i 1 « Q167| 126!!

I129! 132! 163

95! 116!35l! 319'161

787 823114! 108

319; 339. 391135; 144! 151

Mississippi Missouri

540!

256!

219|56!

410 286 264j 254i

134J43

175! 141 125!21187'21

3301

144|30!

129i27j

41h! 444! 427!2,17612,013 1, 714 1, 327 1, 2524, 4194. 519! 1, 7534, 810 1, 704' 1. 79> ! ! ! 1 i i ' ! ,

1. 8

152j31!

146!30

175!48

18737:

195!3:1

18237

163:36!

M o n t a n a

286! 237

1759232

186,56728

154105023

171

122

179

10

|43!16!

288j 318; 324: 280!

199:40!

167!3S!

300!

128-21'7520

175,35!

325

185

93!19!

168! 173j3i: 26! 2559' 77! 9122> 24| 24

Nevada

81

551169

7,

5011410

69

462129

54

40167

60

44286

60!

40. 444l 4!9! 12'i71 11!

80;

49:61

13!12!

1, 39711, 289; 1,09030

414335!

33| 67359 282332! 275

850 j48

215214

771i 851! 9064,0004,0904,036 1 .0^4 .14653! 76! 86j 1451 99! 120, 126 127

2411 2811 301 336! 346| 313 331' .'..'4187 211 226 2721 275 235' 252 263

Nebraska

728| 746 619

37l | 355! 31110! 1 0 2 1

24S! 296j 21499| 80S 73

379I 410 504

246 219| 2431 A\ 1 c I eta

498| 604 5851 518; 550; 585

14 |71 14148 35i

261183!

251 273! 282 i 27432! 5l! 39' 43

159 218! 204! 14656 62| 601 55:

28641165

3014318061

New Hampshire

96 106! 300!

58;4

1514!

4;12!12:

14J14

New Jersey !

3

2

231

13533375688

3,

1

091

98636355714

2,

1,

736

69974306657

2,

1,

197

35354248542

1,977

1,197

74239467

2

1

176

332112251481

2,317

1,433

121268495

2,620

1,579

187303551

1, 780!133!404!540!

l,682i 1,811158!3141464i

159317497

3,011

2,011149331520

N e w Y o r k 1

14,178 13,382111, 586 9,107 8,428 9,272 9, 814J11,02s' 11, 402; 10, 63841,025 11, 543 997 836 722 596 642 827 876 989J 1,0604,0204,1044,

8,608 8,112 6,904144 1611 293

1,923 1,694! 1,4263,503 3,4151 2,963

5, 273244

1,1062.484

4, 789354

1,0312, 254

2024

3658!

282

18853257

258

1669

56

203

12572348

199! 224I

124| 1408 Hi

221 26!45! 47!

23;

149113047

255

153193152

269

13!34!55!

256; 266! 275

160!183147;

168'16;3250

175173251

New Mexico

149

9113J

40!|

138

8533515

122

7672613

89

60515

96

576250

126

65143710

137

73173512

164

86234114

177

94155216

166! 174; 190

90;16:451

!

175016:

97185817

North Carolina

5905,350 5,721 6,2461 6,742; 6,457! 6,792 7,1421490 561! 777: 553; 657; 541j 600

1,103! 1.236! 1,407; 1.483! 1,3^*! 1,403! 1,403| 279! 1692,329 2,296: 2,593; 2,624; 2,156! 2, 289j 2,398 117! 10'

54812

468 37031 20

132! 134!

380 441! 475! 534! 596! 58S; 652: 70029; 391 40! 67j 401 57; 58! 64156! 255' 263! 271! 302! 268! 278: 24977j 92! 98! I17' I22! 1071 116; 123

For footnote see p. 17.

WK.M i«.)4L S I R V E Y OF ( V K R K X T BUSINESS

Table 4.—-Income Payments, by Type of Payment and by States, 1929-40—Continued__ t _ . ^

T > p e o f | > £ > m c i i t 1929 19:50 V)'.il 193'* 1«M3 1931 1935 193d 1937 19§i«* I98!> 1940 19*9 i:>30 1931 193? 1933 ! 1934 ! 1935 i 1930 1937 I 1938 j 1939

XorlSi Itakotir Ohio

Total 2 M 3 2 1 7 1 7 i 1 2 i U ' ) I t ) " ) L s 7 2 1 . 1 2 2 M 2 0 1 2 2 ' i 2 ) 7 1 . M 1 0 ' . 3 2 2 { ( 1 5 2 2 , W i 2 , h i 1 X , ( ) « • ! 3 . 1 2 . " ) 1 , 0 , 7 ) 1 , 3 9 3 3 , 8 2 1 1 . 1 7 7 - 1 , 1 . 1 3

N e t s a l u i e s a n d v n » e s 130 123 1O>) SI 71 7 s s u <)2 MM < n , « i 7 102 5, s 51 2,M~'> 2,111 I 77', 1,721 2,027, 2,217 2. ,"M3 2.911 2, is;i 2, 709 3.032Oilier labor income i \ S 0 s 22 21 55 2s 2h 22 IM 70 7.5 151 MS i l l ISM 2 0 ! 317, 217. 303 3(3 2(11r n t l e p r e n e u n a l m< o i i v 13h 103 1.1 22 11 11 Os 7s M2 71 Ml 113 o i l ~2M HI 31s 310 129 199 ,V>I Ols ,113 7,70 .190l ) i \ i i i e i i ' l s , m t e i e s l , e t c M 17 M 11 10 U 12 1 _' I., i2 l i l i 7(»' 7 ' . . hi", 171 5Mi, US 17S .isl hi',) i<»7> .V5.1 ,107

O}>I::hom:: Oregon

Total l . O h s s , i s 7 2 0 . 1 3 ! 1 1 s ( , 1 3 < M 7 * . s s l l 7 ^ s ; • , } s 2 s o 2 0 1 1 1 1 ( 1 , r > I 390 ,1,1M 5 9 9 SMii h'01

\ef silanes and wucs fi()l .151 102 A2h 2()s ';i! H7 .is1) 1'" 11_' too ijs /,')•) . 5 , , {'<-, _>r 210 2!s -js-j 327> 37.1 ,;00 3xiO t h e r laboi menirie 1'> 10 10 3'« >0 >s 49 s7 <7 75 7"« 7") " 10 21 ' 1 20 2- I:!' 19 .'52 12 3MKntiepn M":JM il income 2()0 lin 127 loi is 17,2 lMs i«i.-, JJ> |(i7 21M 21s | t'» II ' ) s~> ^ r.x s.j III |;',l i:<s H'i \'2sDiMde i ld s , m l e i i ^ l , e h IV) I {>, l)l hi d'i sj S7 UH> ll (» (*''» 1 0 . 107 'u» h\ 7,D 57 .H\ C 10 7)1 7-1 IS 7)1

f i 3 9

4 0 9

137."»1

Rhode Island

ToU.I 7 , 2 , 1 0 h . O S i 1 , ( » j s 1 , 2 7 1 \ ( ) 0 0 1, 7 1 2 1 . M 3 7 1 , 7 1 1 0 , 0 2 M 1 ', IM , 1 , 7 7 < j M , | S , " , , » 7 1 l i d 1 - 2 3 M 2 5 0 2

s i ' s o ' I h i " ' 1 ' i * I'Vl "

121 -i';)0

N o 1 c h i n e s i n d U , I L M ^ 1, ««n 1. ^>s 1 0*7 2. 7.>'i 2 ^7i 2, (»l-s ;, 17-, ; ,-,.; ,-;, «,7«i ^ l')2 {. TV) I, ih.) ^ " . H { _- '• _'2" 221 2."'.s i"S 2s7 :}I7> 2^7) :i!3 317Ol'iei laboi income 1 x«, |r,i | i | p;i _>(,(, .;5s Co m 17s- 117) 101 7 •) Is Is \'A 17. Is 32 23 3<; 31 32K'MiepierKMiM il meoi re 7s2 (",s ,)M i'.1) IT) 175 7,37) 7,<ix <,• 2 ", )s r,27 h i s 7)1 !'• ll1 3 ! 2'J 32 :;7, 3!) !:„' 3 ^ 41 4.r>1 M\ K I I ' I K N . i i . t i - i e s t , ( l c 1, I 1 H , 107 1.22.' (Hh MM xl#-, -,-'j i, OV) 1. 011 xT i l»2T (J7I 1 »1 \M IN 111 'J'.! 10! 1OD 110 110 ss \y.\ <)7

Sonih !);:kofii

Total

\< t s(1l

0 9 3 s M A . I ) 2 7 7 2MM i 7 7 1 0 5 I 0 S 1 0 1 I s ] 1 0 ' i n 3 0 0 2 M ! 2 ' / » 1 5 2

'OM M l

i'J7 230 2 i 8 220 238^

I I I 1 U ( M C S ! 27() l'»0 22'. ISO )v , jh 21! 27>() 2l'h j ^ o ;<!(> ',2-, 131 12"> 'OM Ml 77 so <!0 «)fi l ( ) l i 102| 107'Oilu ' i labor uicoMic , 7 S Is M _", _S 27 1 5l) Is \> ,» 1 "> ! I 7 '3 30 2'. 31 21) 2Si! 24;

F n l i e p i c i i e u r u i l income 117 v.« *>2 n . ' »>.. I 1 . * H i> 12"> J.51 !20 1.51 131 111 I1." 102 21 ">1 CO 70 111 74 77) 92!i ) i \ idi n d s , n iUTi ' s i , ( l c 3'» 3h 3o 2\ J5 2-. 2» 5h 3s ,ii i», { . 21 22 17 M II 12 il 17> 14 1 4 ; 1 5 |

2 4 8

1 1 . 1

T e i

Tot ll

\<>f MlMies HI.I wOihe» labor mconu

M 2 2 7 7 1 0 3 ( > 1 1 M " 0 1 o 1 " 7 M S 5 1 s 7 1 s 2 0 s 7 h < ) 1 M 2 , t . , h 2 2 7 1 1 s s I 1 , 1 1 0 1 1 1 < ' s o ; ; 1 . 9 0 ' 2 2 7 0 2 . 7 > i ' s 2 , i ( ) S 2 . G I . 1

, 1 ( , 7 1 I ( ) l . ' w . i l l 5 : i 5 M 1 1 2 ) 1l il'> i'M 12) <7() ")2h 1()2 "> 5S isi I is-} l, 47s I Jhl i)«» s">s <,,,w l.n;^. I.i7." 1.302 1.37)7) 1, 12'2lh 'T it 2-. 2) 11 15 i s M >»• V» n ' %1 5i 7(» "» 7«- 100 i o . i !77. I l l ) 1 3 2 139

r u m D t e i i e i l i n l l r u o n u ' 229 1 10 105 11! Ml i ; l,"| I«M 207 Is9 190 2'M i\' 7)0 5 T>s {'. '• 5"7 s<>2 ,>'lu 717 <)«",«» '»»."» 0 7 2l ) l \ M e n f s , H i d l e - t , e t c 111) MM SO "> "ih 7>) 7 . 91 M", s} s<) < , 107 ^ n 2sh 2!"i 21s* 27s 293 373 Us 37.; -\^2\

,7)0114C04741S

I hL Vermont

Total 2 s 1 j - , s 211 I") 79 20} 2")(l 2t.S 2M) I9h i71 I2ti I J2 17>1 17h 177 103 171 197)

\ t t sal mi ' s nnd \ \ « I J I > Is7 l'»5 1 i"3 In") 90 HIM 12O ! .M K, I \-,> r,-, I,,M 12s 11 ~ InO 7»i 71 77 si". ''7 107, 91 1OI 117O l l n . labor income , 5 5 7 "> il i s 1M 2< In 25 21 22 1 1 7 r>! 4 S 7 13 s Hd 10! 10F n l n pKMH'Uii.il id ' nilc > "» 11 2t» 51 .51 t() I . ")5 is -,o "1 17 10 55 2s 2S 32 -57 3s 30 31 37 11D l \ i d e l i d s , rritt n «,t. 1 lc 55 .ii 2S 21 Is Is |«. 2~> J , 22 2f .»•> 57 <T 51 2s J7, L'7, LM 2 S 2 S 27, 2h 27

Total 1 . 0 0 M s M M 7 9 8 ( > 7 1 0 2 7 7 ) 1 s 2 1 M 1 2 9 M 7 9 1 s 1 , 0 5 1 1 . I , 1 I 0 7 ! 1 0 0 0 s 2 1 O ' M l i i O 7 1 i 7 1 - 1 « * • - 7 1 . 0 1 . 1 9 7 7 I , O i l 1 , 1 0 1

( 7 0 1 1 2 l l s ; < „ > . 1 :5 - ) | . ' ( i ,-,\ c t s i h r i c n n d w i ' M s h " h h l l " 5 s '. >>s 4 M Jh~ 0 s It 1 i>>2 t > ' > s 0 7 1 7 " 0 7 5 5 ( 7 0 V . 2 U s : ^ 5 1 3 " ! i. 'O 7>.i( h 3 , 0 2 . ) 0 7 2 7 2 - i

O t l u i 1 iboi liHoniP M !o 5") 22 lu ^7 5M 7i \> 7)0 7,0 7>0 11 1") 2 21 37) J.i ",:.' '..'7 (is ,s2 77, 73i: KK i'ler-emi,.! i iuoinc 221 l"l 117 12t, .'in r,", i ", ur, 201 !«»(• iMl 2M 1 17s l^s II1 107 123 ' 7> 1 I ' . ) US I'lf. 17'1 193 197,l>i\ul(Mi.l*, m i e n s i . e t c ' 1!") I ' s K.-s ss -2 9,» 102 1 >2 152 110 119 12") MM M, 100 70 CM 79 ,s0 1 i>l 1 1 ! W3 101 107

Total

West Virginia Wisconsin

S 0 0 7 O M M O M 1 7 1 { h i I S O h ! 7 " , 2 1 7 h O h M l 7 2 1 7 h l 1 . M 0 5 1 1 , 7 7 I i s 2 1 0 " l l . O O l i . I i M 1 { ! < 1 V , . 1 , 1 7 1 l , ' ' » 9 0

N e t s a l c > i i e s a n d \ \ a i i e s 1 9 0 " i l 4 1 7 5 5 M ) i l 1 0 - , 1 5 2 i s s iil }OM ,10M 111 I 2,7 1 o> s(,< (,«,~ » < r i^, 7s_> s , > \i,u v,M 972 1.01"O'h i i laboi income 10 II 2* 10 5i U ^ 01 15 (1 .11 .11 2 5 2M "5 \\ t ~> ^ 'i ) IM MI 121 IM l()s! lit! epic Hem i d i n c o m e IM S) 7M Os " i SI ',1 I'll JOM 102 102 lOi .->MM <) I 210 ISO 200 2 50 27M ''", It jM i U,7 3 sD i \ i d e n d s , n i K M ^ t , e tc S7 Si 09 II 1.1 15 7 , 71 71 h2 OM 0 9 2 7 1 2 1 0 2 0 5 105 135 111 Ih_> 1 M ; IM , K , 7 17M i s M

>\>omiii< United States total

Total 1M 117 1 7 1 I M 1 1 0 1 1 1 i h 2 s 2 2 5 2 T l 1 1 1 0 5 4 ' 3 , < » , 2 i 7 1 0 7 1 7 1 ! s , | - , s < , | -> ( , 7 " J v - , 2 ! . 2 ( » n 1 5 5 7 0 7 7 ) 7

. ! ' ' i I DIM 10 I i l 1 i. 72<) 1 l t i {, t ,OM

N e t M l i ' i e s a n d \ \ m e 2 2 ', 5 1 s s Ih U M « > « ' | ' . ( ( 2 o 1 , 1 2 , 2 , 2 1 1 1 , 7 5 7 2 i O ' ^ 2 < > 5 ' " i s 1 . , " ' 5 , M i ? ' i 1,»r i i ' i e p i e n e i j i 1-I l i i eo l l i " ' 5s r . 2'1 Is 2" >2 5 i s 12 i s 17 1 1 , M M 2 / 11 S i h M _ 1 9 7 . 1 1 1 ( , 1 h 2 M H S 2 1 ! _ » ) ' ! M 1 ' . ' ' " 1 I I 2 1 M h , S ! M l 2 515D l M d e r i d s , i n t e i e s t , e t c M 12 |M s M 10 M M 15 11 12 12, 1 1 , l s l 1 1 30,1 U , 2 s i M, '« . ' i \ " . ( ^ M T ' ' ' Ms ! 1. " S M 11 s ._ M MOh H>. 0 2 2 1 ! . 127

1 As in former releases, salaries and waês are shown on an establishment basis. For adjustment to a residence basis see table 3 and loot note.

402798—41 3

18 SURVEY OF CURRENT BUSINESS Atiguit H!4i

Revision of the Seasonally Adjusted Indexof New Passenger Automobile Sales

THE Bureau of Foreign and Domestic Commercehas revised its seasonally adjusted index of the

dollar value of new passenger automobile sales. Adescription of the methods and techniques employed inrevising* the seasonal factors so that they would adjustboth for the effect of the varying date of new modelintroduction and for variations of the usual seasonalcharacter is herewith presented together with a tableshowing the unadjusted and adjusted index figures forthe years 1928-41.*

The index represents monthly consumer outlay onnew passenger automobiles relative to the base period,1935-39. It is based on the actual number of newcars sold by dealers each month concerted to a dolinrbasis by the application of an estimated average priceper car.2 The sources of the basic data and methods

1 This revision was prepared by Louis J. Paradiso with the. assistance of Keba L.Osborne and George Perkel. The April 1934 issue of the Survey of Current Businesspresents a detailed descriptionconverting the raw data to an ir

2 The price factor developed by the Bureau of Foreign and Domestic Comment

' the original ; ; and the metlex of average daily sales on a •

ew passenger automobiles for a specified month. Itce with constant weights showing t he price changesteriais, quality, etc., but rather the average amount

represents the average price of ris not a conventional type of prof a constant, spt8-:/.;' it ion of m:the consumer pays in dollars for the units sold during a particular month.

DAILY AVERAGE BASIS, 1935 " 3 9 = iOO3 5 0

300

250 -

2 0 0

used in computing the unadjusted index are given in the-April 1934 issue of the Survey of Current Business.

The revision of the seasonally adjusted index hasbeen made primarily to allow for the effect of the changein the date of new model introduction, which hasdrastically altered the seasonal pattern. Formerly,new models wen4 introduced around the beginning ofthe year, but- since 1935 models have been announcedin the fall.

A change in methodology also has become necessary.Prior to 1935, sales of passenger cars followed a fairlyregular seasonal pattern, and constant seasonal ad-

I jusiment fnetors were used. Since that date, new modelshave been introduced as early as September, as was thecase in 1940, and as late as November in !93(>. Achanging seasonal pattern, therefore, is required todescribe this phenomenon. Sales data are now avail-able for a sufficient number of years to make possiblereasonably reliable estimates of the shifting seasonalmovements.Elimination of Trend and Cycle.

The first step in determining the effect of seasonalinfluences was to eliminate, as far as possible, the trend

DAILY AVERAGE BASIS, 1935 - 39 « 100350

WITHOUT ADJUSTMENTFOR SEASONAL VARIATIONS

1 X

ADJUSTED FORSEASONAL VARIATIONS

0 I I I I I I 1 I I I I I I I I I. I i I M I I 1 I I I I I I I 1.1 LI

150

100 100

5 0

1933 1934 1935 !936 1937 S938 1939 S940 134!D.D. 41-31!

Figure 10.—Indexes of Dollar Sales of New Passenger Automobiles, 19.-S3-41 (U. S. Department of Commerce).

The index is also adjusted fur the eliect of the ohauge in the introduction date ol new models.


and cyclical factors. This was {lone as follows: (1) 12-month moving averages wore computed from the un-adjusted monthly indexes for the period 1028-41;(2) to eliminate seasonal and random fluctuations moreadequately, these averages were modified by the use ofa more flexible free hand curve; (3) ratios of the monthlyindex figures to the modified moving averages were thencomputed; (4) these ratios to moving averages wereplotted chronologically for each of the twelve months forthe years, 1928-40.

Seasonal Adjustment Factors, 1928-34.

For the period prior to 1935, the seasonally adjustedfactors were computed by well-established procedures.No well-defined trend appeared for any of the months,and after eliminating extreme observations, arithmeticaverages of the ratios for the seven years were computed.The adjustment factors thus derived reflect the com-bined cPi'eet of purely seasonal factors, such as weather,and ihe effect of the now model introduction date whichwas rather constant prior to 1935.

Table i. 1940 Adjustment Factors

Month

V i ! ] U s t l l H ' l i t I

iluo L > HMO |new nio'iol

F i n a l i'HU

lummyhVbruar\\I-rch '_Vr. i i l .

l i m e .I u l \

r is 31period

06S3

no150143138113

date

+ 18+6

0- 2 4—26- 2 3

21

j

October

[)eoemb«>i

10690 - 1 4 I

+45 |+58+36 I

| adjustment

8489

116126117115920976

12412189

Adjustment for Variable New Model Introduction Dates,1935-41.

For each month of the period since 1935, the seasonaladjustment factors obtained, for the 1928-34 periodwere first subtracted from the ratios to modified mov-ing' averages. The residuals of this subtraction proc-ess, although they include some purely random fluctua-tions, largely reflect the influence of the variable datesof new model introduction. In order to estimate thedifference in. sales due to introducing models in theautumn instead of in January, these residuals were thenrelated to the date of new model introduction.

For this purpose a weighted average introductiondate was computed from the dates of introduction re-ported by the various producers, the weights being thesales of the respective makes in the calendar year follow-ing the date of their introduction. The 15th of eachmonth was used in measuring the interval in timebetween the month and average date of introduction.The number of days between the 15th of each, monthand the introduction date was then computed for sixmonths preceding and six months following this date

in each year. For those months preceding the intro-duction date the measurements were designated asminus and for the months following that date as plus.

Next, the residuals for each month were plotted (asshown in fig. 11) against the number of days before orafter the date of new model introduction.3 As was ex-pected, in the months immediately preceding the intro-duction date the residuals were negative, since buyersare inclined to wait for new models, whereas in themonths immediately following the introduction date,the residuals were positive. The average relationship

POINTS IN INDEXh 100

-200 -150 -100 -50 0 +50 +100 +150 +200NUMBER OF DAYS FROM AVERAGE DATE OF INTRODUCTION

DO. 41-323

Figure 11.—Correction for the Effect of the Change in the Average Intro-duction Date of New Models of Passenger Automobiles, 1935-41 (U. S.Department of Commerce).

between the residuals and the number of days from in-troduction date was obtained by drawing a freehandsmooth curve through these points on the chart. Thiscurve has a zero value at the average date of introduc-tion, negative values for the months preceding the dateof introduction, and positive values for the monthsfollowing. Thus, after allowing for the usual seasonalvariations (as determined from the period prior to 1935),sales are below average for the six months precedingthe introduction date and. above average for the sixmonths following. The lowest value on the curve oc-curs about a month before the date of introductionwhile the peak is reached about two months after, whenthe greatest effect of the new model stimulus is noted.Following the peak, the values rapidly diminish to zero.

The adjustment to allow for the effect of the chang-ing date of new model introduction for each month wasread from this curve.

Seasonal Adjustment Factors, 1935-41.

The final step in computing the seasonal adjustmentfactors was simply to add the correction due to newmodel introduction to the usual seasonal adjustmentfactor obtained from the 1928-34 period. For example,September 21 was computed to be the average date ofnew model introduction in 1940 and therefore, repre-sented zero on the chart. To get the adjustment forOctober 1940, 24 units (the difference in days between

3 The vertical scale was used for the residuals.


JanuaryFebruaryMarchAprilMayJune . _.JulyAugustSeptemberOctoberNovember.December

Annual index

Table 2.—Indexes of Dollar Sales of New Passenger Automobiles, 1933-41[Daily average basis, 11135-39=100]

Month 1928 I 1929 I 1930 I 1931

7995135182 !185167156162137136100

109135189 j251 !226 |196 !209 !189157 !145 I9468

8210413517015613010197876949

1936 1937 1938 1939 1940

WITHOUT ADJUSTMENT FOR SEASONAL VARIATIONS

8912410590 |796553433438

414361

343834

313J \365o ;(W> I72 :63 !64 |56 !473619

93 i81 I69 !

4330

110 |128108 !116 j98 !

10699

130 <157 |153 |154 !130 I103 |79 !63 i125144

10095

160 i14913612581911017*

8489S3

68544161109106

7878 i

117117118111977062

106119 !122 j

100 I

105111147 ;160 .144 <1581307874

154163150

143178

235246

?'215

ADJUSTED FOR SEASONAL VARIATIONS '

January . .February......March .April . .MayJune . _J u l y . .AugustSeptember _.October . . .NovemberDecember

120114116121129121138153152172159

165 i151 i163 j167158 !142 i185 i178 !174 ;184 |149 !

10994

S373

5454

41 :41 I45 !30363S323242

47373133

59

36

636668

76 I84 |87 |S3 |

100 i102

105 j107 !112 j115 \97

127137147130

911311 18 i13613414914914013H

7169700473

10191

10198

10493

1029697

121

12712313714111397

124135

190209

v 1*2

p Pre l iminary .1 Adjusted Tor seasonal changes and for the. effect of[the shifting date of new model in t roduct ion.

October 15 and September 21) were counted to theright of the origin, and the ordinate of the curve at thispoint was read as +45. This figure represents theamount of correction to be added to the usual seasonaladjustment factor already found for October, in orderto adjust sales made in that month for the effect of thenew model introduction date. Table 1 shows the

adjustment factors obtained for the months of 1940by the methods described above.

Table 2 presents the index figures from January 1928to date, both before and after adjustment for the usualseasonal changes and for the effect of changing date ofmodel introduction. The chart shows these indexessince 1933.

REVISED SERIESTable 22.—ESTIMATES OF NONAGRICULTURAL EMPLOYMENT 1

[Thousands of persons!

1937

Civil nonagricultural employment, totalEmployees in nonagricultural establish-

ments, total . .. _M anufacturing . . . . . . . . .

1938

Civil nonagricultural employment, totalEmployees in nonagricultural establish-

ments, total _. .. . .. ...Manufacturing

1939

Civil nonagricultural employment, total __ .._Employees in nonagricultural establish-

ments, total. ..Manufacturing . . . .

1940

Civil nonagricultural employment, totalEmployees in nonagricultural establish-py

ments, totalManufacturings

J a n u - j Frbru- jary i ary j Marc-ti i April May

34, 429

28, 3489, Nt/2

27, 07;-!8, 888

27, 16t)9, 079

28, 6089, 974

28,05110, 142

26, 9618, 931

27,3159.219

34, 656

28, 5139, 974

July !A l ! sustj j<^ r |<Mobe,f™iD<£

34,739 , 35,250 ! 35,569 j 35.886 | 35,979 I 36,076 i 36,210 \ 36,402 ! 36,161

29, 14010.359

26. 9778, 890

33, 458 ! 33, 748

27, 0059, 297

34, 852

28, 7099, 926

29, 45410. 476

27, 0928.719

27, 6749, 2V:"()

34. 882

28. 739

29. 70710,' 504

26. 8098. 520

29,86110.422

26, 7498. 376

29, 95110.407

30, 07810,593

30, 25910,594

30, 02210.441

29, 1729, 957

32,883 | 33,253 | 33,823 j 33,911 j 33,856

26,7518. 411

27, 1178, 746

27,6799,014

27, 7709,061

27,7199, 149

34.113 : 34,590 ; 34,594 j 34,882 j 35,510 I 35,832 j 35,701

27. 9709.212

28, 4479, 259

35. 163 ; 35, 425

29, 0209, 776

29, 2829, 824

28,4519. 279

29,311 :

9,832

28,7399.515

29. 3679. X57

29, 68910,152

29, 55810, 169

35, 902 J 36, 528 i 36, 867 • 36, 986

29,759 !10, 163

30,38510,479

30,72410, 668

30,84310,735

28, 6019, 434

28, 0499. 220

35. 928

29,78510.195

31,46510,856

Monthly

29. 44210. 273

33, 362

27. 2298. 827

34, 624

28. 4809. 544

29. 61310,I70

1 Revised series, compiled by the £'. N. Dipt, of Labor, Bureau of Labor statistics. Estimates of employment in manufacturing establishments have been revised beginningJanuary 1937 to adjust data to preliminary employment figures from the 1939 Census of Manufactures; estimates for total employment in r.onagricultural establishments andtotal civil nonagricultural employment have been adjusted to take account of this revision. For earlier data and a description of the series, see table 1.1, p. 17 of the March1941 Survey; for data for 1941, see p. S-7 of this issue.


Table 23.—FREIGHT-CAR LOADINGS1

21

Total Coal Coke Forestproducts

(irain andgrain prod-

ucts Livestock

Year and monthAd-

just-ed

1919 monihlv a\eragi1920 monthly awrai-1921 hionil1922 mont l1923 niontl1921 monil ;1925 mon! 11920 montl1927 montl192X mo1929 mont r1930 nionthl

JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctober-_November ..December

Monthly average

1932JanuaryFebruaryMarch. . .AprilMayJuneJuly.AugustSeptemberOctober . .November _December

Monthly average

1933JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember

Mon! hly average

1931JanuanFobiuar\Maich\prilMa\.JuneJul.s\Ugl]stSeptember(k'tonerNovemberDfvpniher

Monf.uly average

1935January . .. .FebruaryMarch "AprilMay.JuneJulyAugust ..SeptemberOctoberNovemberDecember

Monthly average

For footnote see p.l

U l l -ad-

just-ed

1201291 10121142 !

$!148152131

Ad-just-

ed

87 i84 !82 |80 !74 I70 :70 I

SI7876

74 i73 I68 j74 !79 :88 !

938591929696

Ull-ad-

just-ed

159125I 15149 |135 I139 I156 !144 I138143 j124 !

Ad- Un-ad-

Ad- I II-ad- A d - I 11-

JHl- A d - I 11-ad-

A d - Un-ad-

^ >%• ^->%-*%'<%-.^ & *x-&jed

12117x13015")170130132157 ,121

jed

237233

2312H.21 1201)

no

ed edj

ed

110112112112

inK)810710397909592

104104100109110108109107109

no9783

113104107

no10710510410198999188

12711210492938990951051.1010198

1029295928875710907707070

1 1511399878409025864707077

119112J0710210296918782777570

100114110100109101898987797359

124121122118117

nono1049710911295

79807978

707073SO9281

959287848585

959297958780

84899085869185911021089992

04 j71 |

84 !93 j92 |93 i

80 j88 j71 I

709211211597899288

1041 10

94735954010990108102104

90101746305799410210310110299

636271544240

626307

59 i00 |53 |51 I

100 |1029386 j83 I84 i

74474037333548

74 |

50 !

09805542 |5009868691858392

07640362

4949

53474854

8191

79 I74 |

74

0921H>XIXOXI7M\\

X7 i100 I10087()5 192 Ic^s65

1031331 1 173XXX0riX

54

')(-»

lo i991028998118809089

I0X

90

1 !61151087583101677993

979499

108104111

80807483817970

90 i94 I104 !

67XI

102105

70747461 '

!Si9596

59 i04 I64 I04 !00 !

19 !

5443

78 |

I!72 I74 !

69 |

00 ;84 !82 I83 i81 :86 |9099104 j10192 i

11210212h135

1421271301311391 i2125

11411810810610310315912510910910681

172169168165163157159165154156164158

23(»21X20X2262402 4522722221521219X17!)

182160141155150132133154181207192158

141141140140139138137135132131130127

136146151156164165164163164151

131136140142141139137136139137133121

100 I

? i !93 |79 !

1 11109109

9392839110491919187

84848274669810810096

1021251111008778

71

7576 |

3 I7391119

1009180

Ad-just-

ed

X7)8818782

150147144144132

5713717130121Oti0721

4120

252311811611410907070808Of,Of

474649566986918984807762

70

877880112119113947181849390

/ 87477101105

no1308591848777

91

122122120127128134132123121121122116

12711195119118 j111111121152163143114

123

120 i126 i120 I123 I126 I134199

,190145132125

107106103999891869210010799

127109

116116

no167

249200154122

150 ]

10688819290717394129152121Mj99 !

10710499100104106110107106105104105

107105104104 |103 !102 |102 Iioi !100 I"99 iinn !100 I

101102101100999999100100100101101

102101105105104102101101 i105 I103 !101 |96 ;

959910110210099 i98 !100 !105 j105 !103 I96 ]

100 i

Miscel-laneous

118118118118115

no107107113113109101

J13

10110099102105107109108111109106100

4742371313s121413J71728

303232232328517484656548

4853

0457

40 'in49

ed

ad" A d-

ed

13917305114167120144156135137163

212963111133129114

2414

11 i10 I10 i13 !

.312426232410

S123050961371471062611

8412412010591no2012

51566275756666

121315379811512212212:

50 !23

112109no110in10710510193929289

Un-ad-

j ust-ed

no128128139143143

152130

919610411511411310910610710692

7070717073730809

73

605859717786898490918073

8490

9192S3

929088 !85 I87 I88 I9091 I95 I96 I96 !

7682XX9086

901011089988

22 SURVEY OF CURRENT BUSINESS

Table 23.—FREIGHT-CAR LOADINGS ^Continued

August 1941

Total Coal

Year and month

JanuaryFebruary __MarchAprilMayJuneJulyAugustSeptember,OctoberNovember _December..

1936

Ad-just-

ed

Un-ad-

just-ed

9810194

103104106109110109111 |116116 I

Ad-jus t -

ed

92979298

1021051101101211251 2 0 S111

Monthly average j _ _. j 107

TanuaryFebruary--MarchAprilMayJuneJulyAugust-----September.OctoberNovember.December.-

1937

112

116

119

119

117

114

115

114

112

106

Monthly averag

104

108

115

113

115

113 i

116 I115 |

125 |

120 i

103 |

88 !

ml.

109

128

79

108

106

103

108

110

107

114

118

114

110

112

122

114

110

108

107

108

113

111

101

98

Un-ad-just-ed

124

149

84

91

90

86

91

96

113

126

130

129

125

128

129

96

94

91

90

95

119

125

111

110

CokeForest

products

Grain and |grain prod- i

ucts ILivestock | Merchandise

i (I. c. 1.) iOre

Ad-just-

ed I

103

108

83

107

115

116

128

130

131

135

143

138 !

Un-

ed

124 |

138 !

86 !

90 !

106 I

107 I

112 |

109 j

128 I

133 !

148 !

149 j

A U -

125 ]

127 !

142 |

150 i

140 I

137 !

152 !

145 !

137 |

H5i8/ i

150

156

147

132

129

125

134

122

134

113

91

78

99 I

103

107 |

no !Ill !

108

111

117

123

Dn-

ed

89

87

98

99

107

113

110

117

117

116

115

109

112 I

120

120

118

124 !

124 !

133 |

123 !

117 I

107

96 I

90 !

100

98 !

103 |

101 i

102 I

104 |

108 !

95 \

84 |

91 !

103 |

103 I

99 j

115 !

!129 I

129 !

134 !

130 |

96

94

9."

100

99

91

101

114

107

L'n-

ed

89

102

156

117

93

91

97

94

sisi

94115120

106112

loo !93 !

108 !

118 S

LOS |

105

109

113

111

104 |

102 !

103

10 > '

102

1(52

101

96

ID'I

I In-

95 |

85 |92 I86 I85 I99

110137 |156 I142 |108 !

100 '

100 !

82

SO i

102

1 ,2

150

121

97 !

98 I

101 I

102 |

104 i

104 j

105 i

104

104

106

108

106

107

10s

107

10s

107

106

JO-5

101

In-

94 |

98 !

102 !

102 |

103 j

103 |

105 !

no :108 i

10S '

104

100 i

104 i

10S

1 )t

110

85 i

85 !

84 I

ioi !

101 I

102 !

103 |

107

118 !

138 |

138 !

121

152 i

15s

157

220 ,

152

ri146

112

104

Miscel-laneous

Un-

20

20

21

37

145

178

191

193

206

183

101

31

37

38 !

39 ;

140 !

256 •

264

279 :

261

249

160

Ad-

94 i

93 !

99 |

102 I

105 |

108 !

1 1 1 I112 !

11?!117 i

139 !

114 j119120 !120 j

120 |116 '117 :

1161131059788

96104107109no112125127121110

10110711712212111711711612612010181

Januan -FebruaivMarch _ .\pril. - - .Md> - - -June ._JuKAuguMSeptember .Octobf r\ o \ ( mbeiDeccmbei

Monthly average...

1939JanuaryFebruary . - .MarchAprilMayJuneJulyAugustSeptember. ....October. .. . _NovemberDecember.....

Monthly average

1940JanuaryFebruary . . .March .AprilMayJune .JulyAugustSeptemberOctober .November _. -D e caliber .

Monthly average...

91?•>>

SO

8 j

'- "i

ss90

929"

9596

98959487909799101111i 14

114110

S482S2 i

78

SI

s3,ss90 '

102 '

10*J0092

sy

90 |

88 i

90 i

83 !

8895 i

99 !

101 !

123 1

129 i

119 !

101 !

s77870

M8387S9

Ml9d

Mb

949490607297105

110

119

118110

998973

6969747899107107109

87

1071089350618289

97

125

134122111

70 |

59 j

58 |

57 !

r>8 i

64 |

697770 i

84 !

s2 ;

!

S3 i7S i

So

r l81 ,

104 1122

146114 ,

in

837260

52555*7576S989

68 [ .

99

96ss7}>61780

87

120

14bH2T>b

92 i

91 I

86

82 :

S387 ]

92

97949S

97S")St)

91U4

M6100

107IK)1211 '")

s3s7s6

sO

S,")

->s

97

10210292s'.

90 '

s7 i

si '

M> '

9197100100

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147 !

149 |

150

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167

108105103104106108108115122128131133

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109

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lit.

110

1 Revised series. Computed by the Board of Governors of the Federal Reserve System from weekly data compiled by the Association of American T?ai!roruls. This indexreplaces the one previously compiled by the Board which has been publ ished in the Survey. T h e main diiT<Tenees between the old and the"newly r'-vl-vd index tire: Seasonalad jus tments for each class of freight have been revised for recent years; weights for combining individual clas>es of Ireight to obtain the total index have been changed for theperiod since 1931; and the base has been shifted from 1923-25 to 1935-39.

In comput ing the index, m o n t h l y loadings are derived from the weekly data by prorat ing the figures for overlapping weeks according to the number of working daysfalling in each m o n t h . Da i ly averages lor each class of freight are c< m p u t e d and related to the 1935-39 daily average. Allowance i> made for S u n d a y ^ N"\ \ Year 's D a y ,Washing ton ' s B i r t h d a y ( ; i day ) . Memoria l Day OL> day) , Independence Day, Labor Day , Thanksgiving Day, and r h r i s ' m a ^

T h e seasonal ad jus tment factors have been revised back to 1927 for the miscellaneous group L'.nd to 1931 for ail othi r c u n i o d i t y groups. Jn compuf inu these revised factor^,as well as the seasonal ad jus tment factors lor earlier years for all croups except oie loadings, the ratio-to-freehnnd-curve n i i t hod v /as u.êei. For the revised factor b i n i nL931 for ore loadings, the usual procedure was modified for April and M a y and for October and X o \ e m b e r . The distortion resulting from tlie very erraric moxenings of iron ore1 in these months is lessened by t reat ing April and May as a single pe-riod lor seasonal adjustment purpoM1*-; and treati im October and Xovembe'r sii l id h f h id h b d d i d h h h i h i d I imaintainiru t he index e

1'i'n 1 U, 1931 [hv rati(jiinary

- i i i o inu-ave'

'nt of IIKHI-

milarlv. Axt s will t>e

g y g p y p jsingle index for each of these periods has bi-en coin put ed and assigned TO each < 1 the two ::u>nth< in the period. Incompu ted for April and October anei these1 will be revised when the suceeedim1 mon th ' s figuies become availa>>lito ob ta in the seasonal ad jus tment factors f'vr ore loading*.

For the period beginning in 1931, weights derived from 1935-39 ie ' \enues by e'oinmoelitie>, published b \ 1 li-- ]nfci>ia;e L'ominer.-e ('< nuii]>îoi], have' been used in c( in-bluing the indexes for eight classes of freight into the total index, while1 prior to 1931 weights based t.n 1928 revenues were used. Fo' ihe earlifi1 period, the total mde-x waslowered 1 percent to make it cont inuous with, t lie index 101 tucceeeling \ear> based on 1935-39 revenue weights. The 1 wo sets of weighis u>ed aie as lollows. Derived indn 1(,28revenues -grain, 7.1; livestock. 1.5: coal. 21.4; coke, 0.8: lorest products , 5.3; ore'. 2.2; merchandise , i. e. i., 9.7; rnis(eliane'ous, 52.0. 'Derived from H'35 39 revenues- -^rain. 5.o.livestock, 1.8; coal, 21.3; coke, 0.7; forest products , 5.8: < re, 2.4; merchandise , 1. c. 1.. 7.6; miscellaneous, 54.8.

For a detailpd description of the indexes, s(* tin* Federal Reserve RuMeTin lor June 1941, pi) 51S-529. nn«i for J u n e 1937. D P O22 and 5',',-s

SURVEY OF CURRENT BUSINESS S-l

Monthly Business StatisticsThe data here are a continuation of the statistics published in the 1940 Supplement to the SURVEY OF CURRENT BUSINESS.

That volume contains monthly data for the years 1936 to 1939, and monthly averages for earlier years back to 1913 insofar asavailable; it also provides a description of each series and references to sources of monthly figures prior to 1936. Series added orrevised since publication of the 1940 Supplement are indicated by an asterisk (*) and a dagger (f), respectively, the accompanyingfootnote indicating where historical data and a descriptive note may be found. The term '•'unadjusted" and "adjusted" used todesignate index numbers refer to adjustment of monthly figures for seasonal variations.

Data subsequent to June for selected series will be found in the Weekly Supplement to the Survey.

Monthly statistics through December 1939, to-gether with explanatory notes and referencesto the sources of the data, may be found in the1940 Supplement to the Survey

1941

June

1940 1941

June | July August Sep-tember I October Novem-

berDecem-

berFebru-

ary March April M a y

INCOME PAYMENTS!

Indexes admste.lTot il income jnym^nis .. . 103.". 30•= 100

Salaries an i uaLre-> . . . . . c'o .Total nonauncaitinal income . d'j_

Total . . . . . . . . rail (>i <iolt^li-rios and \\agr«.

Total . . d > .Commodity producing liiduûie^ o>Distributive indu^tne-* doPCTVlce I'l'lastivd . 'inGovernmenr . . . . doWork-rdief wê - . do

Dirmt and otliei relief- . . . doSocial-spfuiit j, boneiltc and otbei ] ibor ir-

roiiiu . . . . . . . . . mil. ol ''.'Il)i\ mends and inê^st . do _Entrepweuruil income .aid net ren's and

roâltie^. . . . - . . .mil. of iolTotal nonaarjca'lur >l meme . . . do

AGliKXXTi'R \L IN'COME

C : « n inc. ) r n e n o i n f o r m i tu i : l ser*i ;"^C r o p s . . n i l ' m . - t - < k, , o i L b i n < " i k r i e .

L d j U i l l 2 i L J ( H

H i ' '<H I . . ?

. I'M

LnadjuUi. . . .Adji'srrd.

rro])s . . „ . , _Lnestock nn.i products

j)ur> products .Mom animals

INDUSTRIAL PRODUCTION!(Federal Reserve)

Unadjusted:Combined index ._.1935-39-100...

Manufactures do -Durable manufactures do

Iron and steel doLumber and products* do

Furniture*. . . .doLumber* . . - do

Machinery* doNonferrous metals* . doStone, clay, and glass products*...do

Cement - doCommon and face brick* doGlass containers* doPolished plate glass do

Transportation equipment* doAircraft* doAutomobiles. _ doLocomotives* doRailroad cars* . .« - . . doShipbuilding* . do

Nondurable manufactures doAlcoholic beverages* doChemicals * _.. doLeather and products do

Shoes*. - - - - doManufactured food products* do

Dairy products* doMeat packing do

Paper and products* doPaper and pulp* do

Petroleum and coal products* doCoke* doPetroleum refining.. do

Priulirc; and publishing* doRubber product ,* . . . do ._Textiles and products . do

Cotton consumption*.. doRaôn d°ii\erit s* do.îlkdolivcrio,* doU o >1 textile produr'tioL* . do .

11 b'io io products do

i 1 ->!»'• 0

BUSINESS INDEXES

70. 0til. 5

78.0

82.0

79.0

64.0

121122 I134151 i1161 1 0 I119 i129130 I129 1143 i

11779

131 !371114108 j

U 2120110

8889

116

123

130131116

'13213311911710110813151

i i I1 i l l J 11 7 I 1 " ) <> 1 ' J t i | l l ) S H i n | 1 ) 0 1 2 1 1 ' 1 2 ^ 0 ' 1 2 ? 7 i 1 2 *

l l l l 1 i J i 0 i 1 7 1 1 i s "> i I 2 i » i ' 1 M 1 1 2 1 * | 1 2 7 f* ' b 1 1 ' l i l 7 \U 8

1 1 2 2 J . I I ' M l j > . l i t . i i - 2 I f 7 L J 2 , J 2 t "> I 1 2 " 0 1 2»> 0

' j 1 ) I , _ J > " f j t , ~ 1 ( - J < tf 2 < J ( b H ' 6 , h 7 ' (i 9 S 1 i

4 0 , , J 1 ' i I . " , 4 » i ' V ,

I , '« 1 " ' ( ) h i ' > « ^ J <MM ' I h | " J K * I ] li )M Is " H 7 I S | ^

K\ I ' 0 | I i | i 1 »

' , 0 i 1 7 ' ' l*i- , i »6 0 ! S vi } '» ^ /

i

MJM i s ' , tj ' l v*

« . " | 1 > I

1 2 i 1 L » i J >21 1 ( 1 / 1 7 1 2S O 1 , s > , l , s i , » , i I ^)2> 1 M h i

1 000M2O

t 7>>

1 2 'U-> H I

<JO7 !

n » ; I

75,1)71.057.. 583. 084.088. 065.0

118118127147in !107 |112 |129 i131127 S136 !147 i121 |869639470116 |117 !185 I111112 I1109198120

M65109124123113

r ] :;<;1091031091051091345198112

79. 071.059.081.590. 082.065,0

120120128153123118126135141133 I141 j150 j12493 I

6? I4DO I

124 |130 |202 |114 i8P i112104114131144102 I123 I121 !114

r 13911010211511111413757109110

95. 075. 564.585. 592.088.067. 0

129130144161132 I127 i134 i142 !154 |139 1150 |161 I118 !118 |120 I501 I8 9 ;

137135 I213119 I108 ;116 j102111 j133

r 117112 !124 1120118

'142114108126118 I12013865120118

i 17. 080. 509. 090. 593.594.570.5

1341361551641321331321491671421541541191271675441421521412291211081209810212690127127 I124118

'• 1 4 511411312612612914477129120

96. 579.566.591.599- 591.074.5

135138158 \166 I126 i130 ;

123 |153 !172 i136 !145 |147 I115120184590161163153219121104120

989611680151 I124 |124119

115 !11213513*7

13915187

^0. 573. 098. 599. 5

oi!o85. 0

1341371613 70

116123113

r,,r,b\. 066.5100. 5102.0105. 078.0

138142167172119129115

1 2Vs ' 1 22> ' I 161M o ! i r>7 s»2

sc;. u85.572.0 |98.0104. 096. 089.5

135139162172121133114164172125124125 j

in !1411836241521361722631219312299951157915912312411914911511213714014215479

! 14598

176310100

"no144186672151204178

121104106104"84133

12812015011510914513814415472136108

176181112102

"126"131

199

161222

'• 18230712294123117121104r 92122

r 131133120 I152 !115115151 I143 j

108 !

1. 19M6 174

68. 088.579.597.097.5100. 082.0

143148175181123133118185190125117

'l30~141 I

202 j751 I160 I

335126100128

128107

' 105122

r 13613711915411412115514715615074

74. U\)Z. 0

77. 5107. 6108. 5114.582. 5

J42150

r 1 75

17!

13013;i128

142I :-,9

142190

{39266

129I OS134

r 1 IS123

r 112r 1341 1 9 i

r 137' 140121

r 133119

- 124157150160

'128.0M37. 5129. 2

»• 6, 835

r 4. 892'2,1151. 049

92569211195

153453

1,242r 6, 283

83. 5' 96. 5' 82. 0' 110.0r 108. 5r 118.5r 83. 5

152157185172134! 12I :w2OH196161

2802183791341201331211231201S2132

145r 126

14 S122

164HIS

165121

v Preliminary,l-oi tt-\ ;M d data <>n m e

no!' m,ii \ t d w itli a "

iua 19^9, see table 21. pj>. 16 to 18 ol'Hie ,hi!>- 1941 Survey. For industrial production series, see nufe marked

S-2 SURVEY OF CURRENT BUSINESS August 1941

Monthly statistics through December 1939, to-gether with explanatory notes and referencesto the sources of the data, may be found in the1940 Supplement to the Survey July

19 40 1941

Sep-tember

Novem-ber

Decem-ber

Janu-ary

Febru-ary March I April Mav

BUSINESS INDEXES—Continued

INDUSTRIAL PRODUCTION!— COR.

Unadjusted—Continued.Minerals 1935-39 = 100.

Fuels* do . _An thra cite „ do. _ _Bituminous coal do. . _Crude petroleum - do

Metals* . do . . .Copper* do . . .Load d o _ _ _Zinc . . _ • do _.

Adjusted:Combined index d o . . .

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._.

Cement do . . .Common and face brick*... d o . . .Glass containers * do _ _.Polished plate glass do . . .

Transportation equipment* do._.Aircraft* do. _.Automobiles do . . .Locomotives* do . . .Railroad cars* do. , .Shipbuilding* do. . .

Nendurable manufactures do. . .Alcoholic beverages* , do. , .Chemicals* do. . .Leather and products do. . .

Shoes* do.. .Manufactured food products* do.. .

Dairy products* do....Meat packing do.. .

Paper and products* do.. .Paper and pulp* do.. .

Petroleum and coal products* do...Coke* do__.Petroleum refining -do. .

Printing and publishing* do. .Rubber product?* do . .Textiles ana products do . .

Cotton consumption*. do._Rayon deliveries* __-.do._Silk deliveries* do__Wool textile production* do . .

Tobacco products do. _Minerals _ „ _ __-,--. d o. .

Fuels* do. .Anthracite do_.Bituminous coal do. .Crude petroleum do. .

Metals* do. .Copper* do._Lead do_.Zinc -do_.

MANUFACTURERS' ORDERS, SHIP-MENTS, AND INVENTORIES*

New orders, total . . - .Jan. 1939 = 100..Durable goods do j

Electrical inachinery doIron and steel and their products doOther machinery. doOther durable goods do

Nondurable goods..- doShipments, total do

Durable goods doAutomobiles and equipment do.. . .Electrical machinery doIron and steel and thoir products doTransportation equipment (except auto-

mobiles) Jan. 1939= 100. _Other machinery doOther durable goods do

Nondurable goods. doChemicals and allied products doFood and kindred products doPaper and all ied products do jPetroleum refining do <Rubber product? ..... do jTextile-mill products do jOther nondurable goods .. do '

- H".• 129

132• l i t

156

122

162

]03• 11

133

1211541H

in

47}2i'4

1.")!*' 242

M123

118111

r 107100116161140116116

12112213115411111311012813011211311811180122364106102111170114113116001011151111261321321151321121201171071141445689115

r J 1 ()

116

' 116

116

116

134143117118

133157168161l."91441 LS126140107153152

180157

in I121 !1.14 |142 |112 I159 j

103

121111

' 104106114179133112121

1211211321561071151041331381151101171171001113948711311918911210811794101110

r 11-}llf)130130112139108114109113121137

- 101103120117

r 133121114139150120129

127159190151154162107117127

137

117109r 85111111164135114118

1221351581141151131381461191151291141141074557612312721311291115

101114

' Hi)119124123113

r 14(110911011511312412761

106106

r 114112

' 115121108124144117125

13016320814016717910S12412941143163

1881471321091101081351031220307

211149147119llf113129103130113147

124- 116r 103 I124114171136112127

1251271461041211211211451531241251311161181385171091401482201121031149599

no-11512112011811644311210812411612012065123108116

<• 1 1 5

•• 1 0 8

119114127132108131

1642 ,H

228199212

133145 !158 |100 j

Ij244 !165171134

131 !1 3 7 I111 i1 4 7 i1 3 6 !1 4 7 I

122112r 99110114184146117131

129132

- 151K-512312212414616412613312611511115754413016014822711610311697

100118122127122121116

r 14511210912612312612971132llf.113109

98115137140119131

172

25321123J269131146167148159175 j

284 I162 |173 j128 I129 |122 '133 I107 !163 I142 :132 !

119 IT 98128111147147114135

13313515416612712512815316913014013511411316258413316816622612096118107112117117133125124118

r 147114110132134135146

•'• 1 4 ( 1

113118113•- 97112115148141107134

171237258214209292129148172158178176

170172

130 !120 |134 |

141 i130 ;

116 i- 1 1 5 i127111102146118139

139142165181132128133163177140155147119117168624134174177261124101121108113121125134130131120

'148116112144

r 13914515674

r 140114119113

'• 108

115113151142112135

294216267282120152184 !161200195

336193167123124112 !146 j107 |169 I143 j123 j

1131171141301119)145116140

140* 144170174137132139173181154181

123137188686149204209291122105123107110117

r 131J141291291211481171111411341381576913411311811498117114144148116137

176246257250238231132148175155181190

268181163124142114142110158140114

11511811213411298155116144

141145172168135129139176

' 184158183

131138199726159217189316123108123108112120

r 12712612812812114811711415313514215067136116118113102114113151152116142

189277303295277237132159189165

! 2051 198

325202176133146120148110171154134

11612110514311490151116147

143146170168128132125181186150156

139135188751144239168322127104123114115121

r 125134132

' 13312315011811615514414715871

r 152117125121102149112148148118140

194285296304267263136165198165209210

370217183136144123152114174157

I 14(

142164803110279173339131107130114

123135126134136121133120

' 118158155150171

'• 74105120

28S304

24714417220")155231

142

127' 138

S8126

• IIS- ls l

159

' 150r 154

r 132r 151

r 202191141134

114r 134' 124

r 134132141145

122

162

119" 126

' 114- 154

161120150

443• 235

206' 146

" !34r 211T 160

• Revised*f Revised seri •s. Eevised indexes of industrial production fo

of the August 1940 Survey, except for subsequent 1939 revisions for aircraft on p. 19 of the December 1940 Survey, and for rayon deliveries, total manufactures (unadjusted),and durable manufactures (unadjusted) on p. 20 of the March 1941 Survey; a few minor revisions in 1939 data for transportation equipment, alcoholic beverages, dairy products,textiles and products, minerals, and crude petroleum are available upon request.

•New series For industrial production series, see note marked with <%f". For indexes of manufacturers' orders and shipments beginning January 1939, see monthlySurveys beginning with the September 1940 issue (description of data and figures for January-June 1939 are available on pp. 7-13 of that issue except for revisions given iiinote marked with an "*" on p. 20 of the November 1940 Survey),.

August 1941 SURVEY OF CURRENT BUSINESS S-3

Monthly statistics through December 1939. to-gether with explanatory notes and referencesto the sources of the data, may be found in the1940 Supplement to the Survey

1941

June

1940

June July August t eS X r October Novem-

berDecem-

ber

1941

Janu-ary

Febru-ary March April May

BUSINESS INDEXES—Continued

M A N U F A C T U R E R S ' O R D E R S , S H I P - IM E N T S , A N D INVENTORIES*—Con. \

Inventories, total Dec. 31, 1938=100..] "128.3Durable goods do j "139. 3

Automobiles and equ ipment . _._do j *>141.8Electrical machinery do |Iron and steel and their products do | *12C. 0Transportat ion equipment (except auto- j

mobiles) Dec. 31, 1938=100.. | *40S. 3Other machinery do I "141. 6Other durable goods do j ^111. 5

Nondurable goods do I z-llfi.fiChemicals and allied products do : ''115.2Food and kindred products do ! "118. 3Paper and allied products do I ''Hi), f)Petroleum refining. do I >>101. 2Rubber products do \ >144. 9Textile-mill products do j "132.0Other nondurable goods do ] ^108. 0

109.2111.986.6

115.6119.1

185.2110.8105.7106. 4111.7100. 6104. 598.3

120. 5118.5104.1

1

110.9115.4112.3115.5120.1

194.7110.7104.5106. 0112.4101.7107. 198. 3

124.0114.9100.8

112. 2118.4128.7116.7121.1

114.121.130.122123!

42618

207.8111.2104.1105. 5110.799. 8

108. 499. 0

125. 5115.0100. 3

228. 8114.8104.9107.1110.1101.0110.398.7

124.6119. 9103. 2

116.5124.1130.7126. 8126. 9

251. 9117. 6105. 9108. 5110.5104.6110.797.7

124.4121.4104.2

119.3127.9134.7

' 133.5129.4

271.1122.1108.3110.1114.1107.0112.898.5

126.6119.0106. 7

120.8129.7134.3140. 4128. 5

297.1125.6110.2111.2114.2105.8111.898.4

131.4119.7111.7

121.1130.7135.6148.2127.0

318.9128.2108.5110.8114.8103.9112.098.4

135.1121.5110.0

122.1131.8138.9157.1124.0

341.8129.9109.3111.8115.0105.1112.598.4

140.6125.1108.6

123.6134. 1144. 3164. 0123. 3

356. 8134.2110.0112. 2115.8107. 9111. 399. 3

142.4125. 8105. 8

COMMODITY PRICES

r 126.3r 137.4r 144. 1r 174.7

125.6

' 381. 2r 138. 2r 110.6' 114.4T 115.5r 114.2r 109.5

r 99. 8r 144. 1T 128. 5r 106. 7

COST OF LIVING

National Industrial Conference Board:Combined indexf 1923=100

Clothing do.._Foodt do. . .Fuel and light do_.._Housing do. . .Sundries do... _

S. Department of Labor:Combined index* 1935-39=100

Clothing* do. . .Foodt do._.Fuel, electricity, and ice*._ do.. .Houscfurnishings* doRent* .do. . .Miscellaneous* do. . .

U

PRICES RECEIVED BY FARMERS!XJ. S. Department of Agriculture:

Combined index 1909-14 =--100.Chickens and eggs do. . .Cotton and cottonseed do. . .Dairy products do . .Fruits do. . .Grains _ do. . .Meat animals . ,. do. . .Truck crops do. . .Miscellaneous... do.. .

RETAIL PRICESU. S. Department of Labor indexes:

Anthracite 1923-25=1CO__Bituminous eoal^ doFood (see under cost of living above).

Fairchild's index:Combined index Dec. 31,1930=100

Apparel:Infants' doMen's ..doWomen's „ do

Home furnishings . . . .doPiece goods do

88. 573. 685.28688. 298. 6

104.6103. 3105.101.4105. 3105.8103. 3

118118107126

11414698

82.490. 5

97. 7

98. 190. 195. 3

100. 491.3

85.573.179. 184. 286.897.0

100.5101.798.398

100. 1104.6100.6

958181

10410483

102112100

78.685. 5

92.9

97.089.192.094.586.0

85.773. 178.484.586.898.2

85.73.77.84'86.98.

404891

85.73.78.85.87.98.

712301

958880

1058978

no9898

92.9

96.989. 192.194.686.0

969077

1097976

110107107

92.9

97.089.192.294. 686.0

WHOLESALE PRICES

XJ. S. Department of Labor indexes:Combined index <813quotations»)._1926=100. 87.1 77.5 77.7 77,4 78.0 78.7 79.6 80.0 80.8 80.6 81.5 83.2 84.9

Economic classes:Finished products d o . . . 88.6 80.5 80.9 81.0 81.5 82.1 82.6 82.8 83.5 83.5 84.2 85.5 87.1Raw materials do._. 83.6 70.7 707 69.8 70.5 71.4 72.6 73.6 74.6 74.0 75.3 77.5 79.7Semimanufactures ___.do 87.6 779 778 77 0 77 6 79.4 80.7 80.7 81.3 81.6 83.4 85.1 86.4

Farm products do 82.1 66 2 66.5 65.6 66.2 66.4 68.2 69.7 71.6 70.3 71.6 74.4 76.4Grains d o . . . 75.9 64 4 60 8 59 3 61.7 65.4 67.7 67.0 67.6 64.5 67.8 70.9 74.5Livestock and poul t ry . . . do 93.0 64.7 69.8 71.5 72.4 70.6 69.9 72.7 83.0 82.4 82.5 86.2 88.0

Commodities other than farm products*1926=1OO__.. 88.0 79.8 80 0 79 9 80.4 81.3 81.9 82.1 82.7 82.7 83.6 85.0 86.6

Foods do . 83.1 703 70 3 70 1 715 71.1 72.5 73.5 73.7 73.5 75.2 77.9 79.5Dairy products do 84.3 722 73 7 713 75 1 77.3 82.3 84.2 80.2 79.7 80.3 81.0 81.6Fruits and vegetables do 73.0 739 69 0 63.2 60.8 58.9 60.4 61.2 59.6 59.4 60.7 63.8 64.0Meats do 90.8 70.7 72.9 76.1 79.0 75.6 70.2 77.0 83.2 83.6 83.7 85.6 87.2

Commodities other than farm products and jfoods 1926 = 100 88.6 82 2 82 3 82.0 82.3 1 83.5 84.1 84.1 84.3 84.4 84.9 85.9 87.4

Building matera l s . . d o . . . 101.0 92.4 92.5 93.3 95.6 1 97.8 98.9 99.3 99.6 99.3 r 99.5 100.1 100.4Brick and tile do 92.5 90 2 90 1 90.1 90.2 | 90.2 90.2 91.1 91.3 91.4 91.5 91.7 91.9Cement t - d o . . 91.9 90 6 90.6 90.6 90.6 j 90.7 90.8 90 9 90.8 90.8 90.8 91.0 91.5Lumbert. -- do . 117.6 94 8 94 8 98 4 107.1 114.4 117.5 118.8 118.4 117.2 116.7 116.7 116.8

Chemicals and allied products! . . . d o 83.8 76 1 77 0 76.7 76.8 1 76.9 77.5 77.7 78.6 78.5 79.8 81.8 83.6Chemicalst do. . . . ! 87.2 85.1 84.9 84.8 84.8! 85.0 85.1 85.4 85.6 85.7 85.9 86.4 86.8Drugs and pharmaceuticalsf.... do. . . | 99.9 82.2 95.9 9H. 2 96.0 95.8 95.9 96.2 96.5 96.9 97.2 97.5 98.7Fertilizer materials! . .do ' 69.9 67.4 1 67.3 68.0 68. 1 ! 68.1 69.9 70.0 70.7 70 .4! 70.4 71.0 71.1

rRevised. »Preliminary. ©Number of quotations increased to 887 in recent months. tFor monthly data beginning 1933, see p . 18 of the April 1940 Survey.§Data for July 15,1941: Total, 125; chickens and eggs, 127; cotton and cottonseed. 121; dairy products, 132; fruits, 93; grains, 98; meat animals, 154; truck crops, 130; miscel-

laneous, 107.^Covers 37 cities in June, September, and October, 36 in November, and 35 beginning in December.f Revised series. National Industrial Conference Board'? index of cost of living and food component and index of wholesale prices of lumber revised beginning 1935,see

tables 5 and 7. respectively, p . 18 of the January 1941 Survey. For the Department of Labor's revised index of retail food prices beginning 1913, see table 51, p . 18 of the Novem-ber 1940 Survey. Data for chemicals and allied products and subgroups revised beginning 1926; see table 32, p. 18 of the August 1940 Survey.

"New series. For Department of Labor's index of prices of commodities other than farm products beginning 1913, see table 36, p 18 of the September 1940 Survey. Forindexes of manufacturers' inventories beginning January 1939. see monthly Surveys beginning with the September 1940 issue (description of data and figures for January-June1939 are available on pp. 7-13 of that issue except for revisions aiven in note marked with an " * " on p . 21 of the November 1940 Survey). Earlier data for the Depar tmentof Labor's cost of living series appear in table 19, p . 18 of the May 1941 Survey,

• 1 0 2 7 9 8 — 4 1 - 4

100.4101.697.299.3

100.3104. 7101.4

9710476in7377

11411495

81.286.9

93.2

97.389.191. 895'. 086.7

85.573.177.485.987.498.1

100.2101. 696.299.9

100.4104.7101.6

9911278

1167980

11299

100

81.789.0

93.5

97.389.392.195.386.7

85.573.177.286.387. 598.1

100.1101.695. 9

100.3100.6104.7101.7

9912079

1217183

1129890

82.390.0

93.7

97.789.391.695.686.8

79.6

82.672.680.768.267.769.9

81.972.582.360.470.2

84.198.990.290.8

117.577.585.195. 969.9

85.973.078.386.587.598.1

100.7101.697.3

100.7100.4104.9101.8

10112279

1287581

11193

102

82. 590.2

93.9

97.689.392.595.787.0

80.0

82.873.680.769.767.072.7

82.173. 584.261.277.0

84.199.391.190.9

118.877.785.496.270.0

86.073.078.786. 487.698.1

100. 8100. 797.8

100.8100.1105.0101.9

10410080

1217884

130117104

83.090.3

94.2

97.689.393.095.887.3

80.8

83. 574.681.371.667.683. 0

82.773.780.259.683.2

84.399.691.390.8

118.478.685. 696. 570.7

86.173.178.886.487.798.2

100.8100. 497.9

100. 6100.4105.1101.9

1039080118808113015693

83.090.3

94.5

97 689^393.396.087.6

86.373.279.286.487.798.3

101.2102.198.4

100. 7101.6105.1101.9

1039082

1188384

12913491

83.090.3

94.8

97.689.493.696.587.8

81.5

84.275.383.471.667.882.5

83.675.280.360.783.7

84.999. 591.590.8

116.779.885.997.270.4

86. 973. 381.086. 487. 898. 3

102. 2102.3100. 6100.9102. 2105. 4102.2

11010488

1218990

13716194

83. 090. 1

95.5

97.689. 593. 997. 788.8

83. 2

85. 577. 585. 174.470. 986. 2

85. 077.981.063. 885.6

85. 9100. 191.791.0

116. 781.886. 497. 571.0

87.473. 682.286. 488.098. 5

102. 9102. 7102. 1101. 0102. 9105. 8102. 5

11210798124899313814693

82.890. 1

96. 3

97. 789. 794. 398. 989. 6



1940

June JulySep-

tember OctoberNovem- | Decem-

ber I ber

1941

Janu-ary

Febru-ary

March ! April I May

COMMODITY PRICES—Continued

WHOLESALE PRICES—Continued

U.S. Department of Labor indexes—Con.Commodities other than farm products and

foods—ContinuedFuel and lighting materials 1926=100...

Electricity doGas doPetroleum products do

Hides and leather products -doHides and skins doLeather doShoes do

House-furnishing goods doFurnishings doFurniture. do

Metals and metal products doIron and steel doMetaIs, nonferrous doPlumbing and heating equipment.-do

Textile products doClothing doCotton goods doHosiery and underwear doRayon* doSilk* do....Woolen and worsted goods ..do

Miscellaneous doAutomobile tires and tubes doPaper and pulp do

Wholesale prices, actual. (See under respectivecommodities.)

PURCHASING POWER OF THEDOLLAR

Wholesale prices__. 1923-25=100.Retail food pricesf _._do_._Prices received by farmers . doCost of livingf. - d o . . .

59. 9107. S112.4

97. 9113.7m. i99. 057. 0

9!'. ")Hi'.hS3. 184. 59 1 . r.94. f,6 1 . 929. 55 L 294.1)SO. ()58. S95. (I

119. 5124.5114.9

71.474.287.450.099.281.992.4

107.988.594.981.794.794.381.280.572.685.368.461.629.546.183.777.358.291.7

129.9128.7154. 8118.9

71.173.388.249.599.084.091.4

107. 088.594.881.895.194.680.880.572.485.368.861.529.543.383.977.758.893.5

129.6129. 9154.8118.6

71.172. 484.549.296. 977. 188. 3

107.08S.594.881. S94.994.879. 180.572.385.668.661.529.543.083.776.75S.893.5

71.073. 584.848.998.384.088.9

107.088.594.881.895.494.980.780.572.585.669.261.429.542.884.276.558.893.2

130.131.153.

141

119.0

129130.151.118

x

256

71.671.682.449.0

100.4 |93.8 I

0.97.0R.65.01.87.34.93.60.53.65.71.5i l . 49.5

44.786.376.958.893.2

128.0131.6148.6118.9

90.107.

90

8K.61

95.81.97.94.83.80.73.85.71.61.

0839656754

71.973.380.549.3

102.3 |101.2

93. 2107.188.695.081.897.695.383.980.574.585.773.661.529.542.888.877.558.693.1

125.6131.9148.6118.9

71.773.478.249.5

102. 399.394.1

107. 288.995.182.297.695.483.480.574.885.574.960.729.542.589.077.358.393.1

125.9130.0145. 6118. 3

( i. 0

50.0102.499.194 4

107.489.095.282. 697.795.783,680.575.286.675.859.929. 542.589.277.158.293.1

124.7129.4141.4118.2

72.172.5 j77. 6 |50.0

101.694.894. 5

107. 489.195.382.697.695.584.082.276.487.277.560.329.543. 391.276.958 293.3

125.0129.2142.7118.1

72.070. 077.049.9102.699.194.8107. 489 595*. 882.997.795. 784.382.878. 487.781.160.429.547.793.277.658.493.5

123.6128.5142.7117.8

72. 9

78. 151. 9103.9104. 795. 6107.8 I90 4 I97. 1 !83. 4 !97. 995 984. 383. M81.0Xs, 786. 8

29 5 i4 8 ^ i

7s!o |58. S94. 5

121.0125.8133. 7117.1

CONSTRUCTION AND REAL ESTATE

CONTRACT AWARDS, PERMITS, ANDDWELLING UNITS PROVIDED

Value of contracts awarded (F. R. indexes):Total, unadjusted 1923-25=100-.

Residential, unadjusted doTotal, adjusted I ..do

Residential adjusted doF. W. Dodge Corporation (37 States):

Total projects number..TotaJ valuation thous. of dol._

Public ownership doPrivate ownership do

Nonresidential buildings:Projects number-.Floor area___ thous. of sq. ft..Valuation thous. of dol...

Residential buildings, all types:Projects number,.Floor area___ thous. of sq. ft_-Valuation. thous. of dol - -

Public works:Projects . number..Valuation thous. of dol..

Utilities:Projects number. .Valuation. thous. of dol..

Families provided for and indicated expendi-tures for building construction (based onbid?, permits). U. S. Dept. of Labor indexes:

Number of families provided for. .-1929=100...Indicated expenditures for:

Total building construction doNew residential buildings doNew nonresidential buildings doAdditions, alterations, and repairs, do

Estimated number of new dwelling units pro-vided in all urban areas (U. S. Dept. ofLabor) :t

Total number..1-fa mily dwellings do2-family dwellings doMultifamily dwellings do

Engineering construction:Contract awards (E. N. R.)§_.-thous. of doL.

HIGHWAY CONSTRUCTION

Concrete pavement contract awards:Totalt thous. sq. yd__

Airports* do_Roads doStreets and alleys do.

/' 130/' 105,, 132v 96

46.950539, 10()302,000237. !00

0. 2623!,898

200, 450

52, 09S205. 634

40033.385

112.0

54. 980. 719.769. 2

589.221

1. 786

767469

26, 679324, 726147,316177,410

4,07818. 02891, 995

20. 58433, 537

135, 274

1,78974, 433

22823, 024

63.0

46.745.231.069. 1

29,86124, 147

2, 1273, 587

9378So

28, 466398, 673204, 5-oS194, 105

31.512 31,671414.941 347,651195,293 j 143,996219,648 203,655

4, 13023.413 23,654

138,954 119,189

22, 387

140', 430

1, 08685, 681

20333, 60S

79.5

56. 056. 439. 765.8

30,03129, 093

5, 13523, 431

101,295

24. 277 24. 75838,987 41,630152, 988 152, 372

1,33950, 898

3, 0034, 535

252,763 j 347,852

119,358

35123, 406

SO. 4

55. 555. 540. 960. 4

36, 91S

43934, 086

86.2

51.460.528.060. 5

38, 481901

3, 9734.271 j 0,547

I397,253 I 308,252

6, 756468

4, 5751, 713

5, 478251

3, 4061.821

868[,049I 3GS

5, 7881,0453,17ii1, 574

90829585

34, 084383, 069174, 506208, 563

7,28434, 028

136, 405

24. 88840, 778

148, 469

1, 4S273, 220

43024, 975

98.0

77.768.569.857.0

- 43,09930, 104

3, 475r 9, 4C0

702, 842

6,882922

3, 6732, 287

998311187

31,528380, 347194. 591185, 756

6,14433, 890

148, 367

24, 00942, 151

152, 838

92151, 430

45427, 712

67.4

60.847.460.343.5

31,12623,2112, 3755, 540

382, 724

5. 0501,1952,1971,658

937711590

34, 959456, 189257,693198, 496

8,74642, 129182, 618

24,17648, 183159,275

76173,447

47640,849

66.2

63.445.667.440.2

29, 20221, 2052, 0736, 864

398, 704

4,496644

2,2621,580

847010384

21. 462305, 205111.124194, 081

3,43823,918

118, 757

16, 93628, 450111,300

81259, 022

27615, 520

63. 7

41.843.827. 543.7

26, 72718, 3981,9176,412

584, 549

4. 967832

2,8141,321

86689976

25,001270, 373

90, 425173, 948

4,12019,71890, 058

19.74629.322

116, 459

72542, 242

41021, 614

63.4

39.943.624.443.8

27. 48020,5122.4294, 539

424, 269

2,083 I227 j819 !

1,037 |

80. 1

10fi! 4110.396.9

110. 191.498. 084. 398.196.184.483.083.090.991.061.329.549.194.179.658.896.7

118.6123.9131.2116.4

32,479,226,253,

5,29,

201,

25,35,147

84

45

352725

452

3111

94789474

304903392511

668451458

325801859

975592

336994

54.0

17.159.822.454.5

097103760364

430

567029531007

1179310380

H6, 3S0400,675108.817237, 858

5, 23331,509143.304

29, 49941,978100,462

1, 28371,426

36525, 4S3

116.3

65. 382 23-1102,5

381,503

5, 0421.3582, 0871,596

r

r

48.548,254,293,

104101r 88

531700836864

8. 44644, 596

202, 492

38,54,

201.

1,96,

48,

093571,274

5 9, 501

403, 433

106.0

60. 6' 74.8

30. 967. 8

409, 371

7,7822. 8043. 4251,553

r Revised. v Preliminary. §Data for August and October 1940 and January and May 1941 are for 5 weeks; other months, 4 weeks.*New series. For indexes of rayon and silk prices beginning 1926, st>e table 2", p. 18 of the May 1940 Survey Earlier data for concrete pavement contract awards for

airports and for the total revised to include airports will appear in a subsequent issue.f Revised series. Indicated series on "Purchasing power of the dollar" revised beginning January 1935; see table 4, p. 18 of the January 1941 Survey. For revision in total

concrete pavement awards see note marked with an " * " . Revised data on dwelling units for 1939 are shown in table 18, p. 17 of the May 1941 Survey. Estimates beginningJanuary 1940 cover urban areas as denned by results of the 1940 Census; revised data for earlier months of 1940 are available on p. 22 of the June 1941 Survey except for re-visions in April figures as follows: all types, 38,324; inulti family, 7.013



1941 1940

June August Sep-tember October Novem-

berDecem-

ber

1941

May

CONSTRUCTION AND REAL ESTATE—Continued

HIGHWAY CONSTRUCTION—Continued

Status of highway and Grade crossing projectsadministered by Public Roads Adran.:

Highways:Approved for construction:

Mileage no. of m iles.Federal funds thous. of dol...

Under construction:Mileage... no. of miles..Federal funds thous. of dol...Estimated cost do I

Grade crossings: jApproved for construction: j

Federal funds do_Estimated cost do.

Under construction:Federal funds do.Estimated cost do_

CONSTRUCTION COST INDEXES

Aberthaw (industrial building) 1914=100..American Appraisal Co.:t

Average, 30 cities 1913 = 100..A tlanta doNew York doSan Francisco doSt. Louis do

Associated General Contractors (all types)1913=100...

E. H. Boeckh and Associates, Inc.:§Apartments, hotels, and office buildings:

Brick and concrete:Atlanta U. S. av.. 1926-29=100..New York doSan Francisco doSt. Louis do

Commerical and factory buildings:Brick and concrete:

Atlanta doNew York doSan Francisco doSt. Louis do

Brick and steel:Atlanta doNew York doSan Francisco doSt. Louis do

Residences:Brick:

Atlanta doNew York doSan Francisco doSt. Louis do

Frame:Atlanta doNew York -doSan Francisco.-.. doSt. Louis do

Engineering News Record (all types) §1913 = 100..

Federal Home Loan Bank Board:Standard 6-room frame house:

Combined index 1936=100-.Materials.. doLabor do

REAL ESTATE

Federal Ilousing Administration, home mort-gage insurance:

Gross mortgages accepted for insurance!thous. of doL.

Premium-paying mortgages (cumulative)thous. of dol._

Estimated new mortgage loans by all savingsand loan associations, total... thous. of dol._

Classified according to purpose:Mortgage loans on homes:

Construction doHome purchase doRefinan ci ng doRepairs and reconditioning do

Loans for all other purposes doClassified according to type of association:

Federal tnous. of dol -.State members - .doNonmembers do

Loans outstanding of agencies under the FederalHome Loan Bank Board:

Federal Savings and Loan Ass'ns, estimatedmortgages outstanding thous. of dol..

Fed. Home Loan Bks., outstanding advancesto member institutions thous. of dol._

Home Owners' Loan Corporation, balance ofloans outstanding thous. of dol_.

Foreclosures:Nonfarm real estate 1926=100..Metropolitan communities do

Fire losses . thous. of doL.

37,39. •

215214231197219

99. 2134.9119.3120.3

101.3136. 9122. 7120.8

100. 3134. 3121.9121.5

94. 6133. 6115.0116.8

92. 1334. 2110.4115.5

258. 2

110. 9112.0125. 7

100, 214

3,108,723

133,640

44, 20755, 99317,8915, 6339,916

57, 54254, 85721,241

1,688,297

169,897

1,870,305

8980

24, 943

4,73150, 724

8, 915121,248242,425

10,11911,094

37,01338, 239

193

202191220184208

188

96.5132.1114.5118. 8

98.2135. 5117.8120. 3

96.9131.1113.1118.9

88.8125.4104. 3110.1

86.1123.698.6106.9

242.2

106.2104.4109.7

84, 357

2,288,348

106, 984

35,52338,40217,1475,69110, 221

47,43542, 21417,335

1,405,100

157,397

2,012,760

116108

19, 506

4, 034 3,902 I43, 925

9,612126,761253, 523

9, 65210,596

37, 68239,010

202192220184209

188

96.6132.3114.9118.8

98.2135. 5118. 2120.3

96.8131. 2114.0118.9

88.5124.4104.4110.1

85.7122.398.8106. 9

242.2

106.0104.3109.5

88,074

2,348,663

114,301

39, 90740,65817,6496, 1159,972

48,67645,41420,211

1,432,100

162, 222

2,004,737

111108

20,323

41,210

9, 439128,737257, 567

9, 49610,198

38, 32339,674

202192220184209

189

96.8132.6115.1119. 0

98.4135. 7118. 3120. 4

97.1131.7114. 3119.2

89.6126.1105.8111.2

87.2124. 5100.8108. 3

244.1

106.2104.4109.7

89,379

2,411,632

117,622

42,48840,56717, 7626,07910, 726

50,30546, 80720,510

1,461,867

168,402

1,996,443

108105

20, 722

3, 5783/, 242

9, 390131,014264, 589

9, 77910, 214

35, 97537, 543

194

206195225190212

189

97.3132.8115.3119.4

98.7135.8118.4120.6

97.8131.9114.6119.7

92.3127. 2107. 0113.3

90.6125.9102. 2111.0

245.0

107. 0105. 0111.0

84,689

2,479,964

111, 775

39,41740, 94715,4836, 2839,645

40,48045. 98819, 307

1,487,974

176,017

1,987,611

111106

21,198

3, 03032, 356

8, 906127,250256,691

9,4739, 855

35, 83137, 226

208198227191214

191

98.0132.9115. 5120. 2

99.1135. 8118.6120.7

98.7132. 2114. 8120. 5

96.2127. 8107. 8117.6

95.6126. 7103.1116. 6

247.2

108.7106. 5113.3

92, 083

2,559,984

114,400

41,61040,77116, 8405. 7589,423

48, 30746, 22419,869

1,515,392

181,526

1,980,704

111106

22, 091

2, 89233, 555

8,236121,566244, 464

9, 0819,307

34, 81336, 352

208198228191214

192

98.0132.9115.5120.2

99.1135.9118.6120.7

98.7132. 3114.8120. 5

96.2128.2107.9117.6

95.6127.2103. 3116.6

249.1

110.6107.8116.3

66, 754

2,628,851

94, 567

32, 58433, 87514,4414, 8698,798

38,89640,14315,528

1,533,246

185,547

1,968,816

10394

23, 449

2,92635, 949

7,536113.922228, 840

10,12310, 781

32, 48334, 001

195

212202230194217

193

98.3133. 5116.1120. 5

99.3136.3119.0121.0

99.0132.9115.5120. 9

96.7130.2109. 9118.4

96.2129.7105 8117.5

249.7

112. 5109.1119.2

56, 878

,706,353

88, 553

30, 03231, 40514, 5754,2488, 233

37, 71536. 72914.109

1,546,270

201, 492

1,956,268

9994

28,617

3, 04736, 845

7.315113, 671227, 763

10. 57311.065

32,07233, 592

212208231194216

193

98. 7133 8llfi.O120. 8

99.6136.5119.6121. 2

99.4133.2117.2121.1

97.7130.7112.5118.6

130 i109.1117.7

113.6109. 9121. 3

54, 728

2,785,138

80,440

26, 66227, 80913,6453,7848,540

34,36033,94712,133

1,564,168

170. 849

1,942,427

9690

26, 470

3,10036, 477

7.413115,932232, 054

10,33110, 719

33. 22634, 715

212209231194216

193

98.7133. 8110.9120.8

99. 6136. 5119. 6121. 2

99 A-133. 2117.2121.1

97.7130.7112.5118. 6

97. 5i;;o. 3J'H). 1117. 7

114.6.111.0121. 9

52,116

2,846,467

82, 330

26, 48330, 28314, 2043. 5737. 787

35, 64535, 30111,334

1,578,543

156, 899

1,929,346

8783

26. 102

3, 32239,100

7,773121,029241,877

10, 06011,632

35, 29236, 768

197

212209231194216

98. 5133. 9119.3120. 6

99.7136.6122.8121.2

99. 2133. 4121.2121.6

96.3131.3114.3116.2

95.2131.0110.5114.7

252. 4

114.9111.3122. 2

75, 516

2,908,104

105,162

33, 25041, 78416, 9034, 7658. 460

45, 36543, 94715,850

1,600,482

145, 959

3, 02142, 405

8, 334126,387246, liy

13, 00013, 535

37, 64839, 300

2132! 3230190216

99. 8134.0119Ji121.0

101.7136. 0123. 0121.3

100. 8133.7122. 1122. 1

95. 6132. 1114.5118.0

93. 7131.9110.9117.0

255. 0

315.6112.0122.9

92, 401-

2,968,407

120,631

3, 76542, 755

8 777134', 641261,530

36,75317,812

37, 3K438, 972

21")211231

134.0119. 9121. 1

101. 7130. 0123. 2121.4

100. 7133. 7122. 3122.2

95. 2132. 1114.6117.8

93. 1331.9111. 0110.0

256. 8

110.0112. 1123.9

119. 566

3 033,684

130, 953

IS4810010

51")018

680.'•'. 1 1

'.Hi 5;-;os30!

371'.,'50304

;vi,18.5,

1()',

5554,21.'

97"7M150(93(761

3<)f495062

1,628,42! 1,057,647

141, S 28 145, 273

1,913,862 1,899,85*1 11,885,08'

100 j 90 ! 9592 I 90 I 84

31,471 i 29.330 ! 25,037I

Dnth are shown as of the end of the preceding month. The Engineer-


Monthly statistics through December 1939. to-gether with explanatory notes and referencesto the sources of the data, may be found in the1940 Supplement to the Survey

1941

June June I July August i Octoberj Novem- ] Decem-ber i ber

ADVERTISING |

Printers' Ink indexes, adjusted: !Combined index.. 1928-32=100._|

Farm papers do..Magazines do..Newspapers do_.Outdoor do_.Radio § do..

Radio advertising: jCost of facilities, total thous. of doL.j

Automobiles and accessories do !Clothing do IElectric household equipment do IFinancial do jFoods, food beverages, confections^--do jHouse furnishings, etc do iSoap, cleansers, etc do |Office furnishings and supplies do jSmoking materials do._._ jToilet goods, medical supplies do IAll other . do |

Magazine advertising: |Cost, total d o . . . . |

Automobiles and accessories do jClothing do |Electric household equipment do jFinancial do jFoods, food beverages, confections do jHouse furnishings, etc do iSoap, cleansers, etc do jOffice furnishings and supplies do jSmoking materials doToilet goods, medical supplies do iAll other do I

Linage, total thous. of lines.Newspaper advertising:

Linage, total (52 cities) do . . .Classified do ._Display, total do. _ _

Automotive do.._Financial do - _.General do . . .Retail do . . .

, 127004

41

1,2902, 4r>l

X03(.12

so:-)397

ins, 132'24. 29484, 138

4,91*1,0; 14

10 30201, 193

I, 821\ 001

:. 516

GOODS IN W A R E H O U S E S

Space occupied in public-merchandise ware-houses percent of totaL-

NEW INCORPORATIONS

Business incorporations (4 States) number..

POSTAL BUSINESS

Air mail: Pound-mile performance...millions..Money orders:

Domestic, issued (50 cities):Number thousands. _Value thous. of dol._

Domestic, paid (50 cities):Number thousands,.Value thous. of doL.

Foreign, issued— value - doReceipts, postal:

50 selected cities do50 industrial cities do

RETAIL TRADE i

Automobiles, value of new passenger-car sales:flUnadjusted 1935-39 = 100. _!

Adjusted doChain-store sales, indexes:

Chain-Store Age, combined index (20 chains)av. same month 1929-31 = 100..

Apparel chains,_. doDrug chain-store sales:*

Unadjusted 1935-39=100..A d justed do

Grocery chain-store sales:Unadjusted 1929-31 = 100Adjusted d o . . . . | 'r) 133.

Variety-store sales, combined sales, 7 chains: f jUnadjusted 1935-39=100.. p HO.Adjusted do j p 110.

Chain-store sales and stores operated:Variety chains:

H. L. Green Co., Iner tSales thous. of dol__Stores operated number._

S. S. Kresge Co.:Sales thous. of dol__Stores operated .number

S. H. Kress & Co.:Sales thous. of dol__Stores operated number,_

McCrory Stores Corp.:Sales,-- thous. of dol._Stores operated number..

3.927151

241

201

DOMESTIC TRADE

i84.662.585.376. 982.0

358. 4

7, 08668054081

2, 03985846

01,1571, 926218

15, 6482,415807657504

2,39182G546150863

2, 4204, 0692, 014

103, 29023,21680. 0745, 6391, 48517,00955, 880

1, 597

4,15138,218 I

I13, 138 |97,435 |1,362 |

• 28, 666 |r 3, 455 i

158137

119.0 i120.0 !

98.5104.8

112.8111.1

99.5104.4

3,784151

11,643676

6,310239

3,611203

84.158.5 I88.4 !

74.686.4416.5 |

7,137498350

942, 095

87977

01,1932, 002158

10,1,

2

7974392312613431383044138(7(52

1.96W2,8571,706 !

84,44021. 19463, 2463. G2-S1.82713,04344, 748

1,634

4,220 ;40,144 i

13, 106 ''100, 955

1,519 |

27.626 !3,505

13d141

119.0132.0

99.4103. 8

109.9112.2

97.6106. 5

3,334151

10,458677

6,514239

3, 334203

87.4 !63. 0 I79.9 j80.4 |89.4 !416.3 i

86.4 |58.3;80.979.4 '87.7396.8

85.4 |66.1 i83.0 |78.8 I78.8

355.9 I

6,842 j 7,273 9,832

1,

48933 ;0 I

90 !189 !

907 I

0 I1, 2241.897 i235 ;

10,005 !1,215 i487 i149 ;283 i

2,004 I235 i382 i188 \698 !

1,709 I2, 656 '1,888

92,04121.96470. 0773,6191. 196

12, 04653,216

50655087

2,01891

8740 !

1,169 j2,088 I

385 I

13,635 I1,611 i1,061 i

281378 i

2,140 I8 o r

429 j305 i790

2.147 I3, 6682,410

106, 70122, 32884,3735, 0351,32214, 54663, 469

71.0 | 72.5 72.1

74250092

2,530103

1,0112

1,3022, 6091,390

16,6262 742T 216

525452

2,4401,177441219776

2, 4334. 2072, 432

118, 7S422. 78695, 9976,4711, 606

18.51169, 409

72.6

1, 710 j 1, 627 | 1, 537 | 1, 632

j

1.719 I 1,673

4,13439. 472

13, 106102,3901, 494

28, 9743,568

78113

122.8134. 0

102. 2107.6

110.0114.6

95. S i109.2 :

3. 657

3. 90139.041

1,866

4,52742, 719

12,469 15,09699,068 | 119,5001, 248 1, 478

11,7

6,691239

3. 626202

30, 3253,572

7497

121.0137.0

P8.6102.7

110.2112.4

103.9108.1

3. 536 |149 !

10,870 !681 !

6,839 I239 i

3,377202

35, 2334,194

66.785.379.762.5340.1

9,016 I72474091

2,4809394916

1,2812, 365943

15, 8612.427878531432 !

2, 582945471248874 '

2, 2954,1802, 460

113.19121.07192, 1194,9731.359

16, 79668, 992

73.9

1,479

1,668

4,37341, 646

14,177111.8641,843

33, 2013, 686

154 |124 i

120.0132.0

163135 !

92.173.9 |80.7 I87.684.4

9.30785763(a)97

2,664105

1,00117

1,3762, 626

503

13,5891,270745646336

2,003G84240345682

2,0814, 5581,691

122, 78621,918100, 8684. 1241, 742

13, 54981, 452

75.1

1,792

1,890

4,91445, 154

15,876123, 4301,719

45, 3905, 539

150169

82.963.472.677.779.8

9, 082780590

1052, 557

671, 052

171,4162, 639390

8,7131,05630594321

1,615265190137673

1,1772,8811,888

93, 17121,35371,8183, 6632, ?9512.54453, 315

2,084

1, 761

4,87944, 982

14, 541111,6381,328

32,3164,001

143178

59.480.980.589.3

124.0 ! 128.0 I 124.0136.0 ! 149.0 ! 133.0

104.1108.7

118.4122.1

80.5r 119.9

104. 7103. 2

112.4111.8

108.0109.7

3,992150

12, 626682

7,514241

105.2105.3

115.3115.3

112.9109. 7

4,395150

13, 290684

7, 659242

1403103.8

120.8117.2

225. 2110. 3

7,972150

24, 683684

15, 732242

5,921242

8, 10669860092

2, 290469150

1.2632, 355387

12, 5241, 584592245380

2, 198434435219702

2,1353, 5992,319

93, 96320. 69073 2725, 2501.432

14. 80651, 784

1,712

87.761.383.780.0104.5

S9. 068.8S4. 183.283.5

4. 49643. 005

13, 530104, 7541,195

30.5363, 777

178209

130.0133.0

100.4107.4

123.4122.8

92.1116.2

8,97980762099

* 2, 62358

1,0400

1,3362 4S8467

17,9142, 5421, 210' 694551

2, 763845568304973

2,4724,9932,920

114,37724.71289, 6655, 9071,84117.22864. 689

76.2

1,872

5, 55353,309

16.096128, 5101,244

34, 0364,159

215185

128.5144.0

109.2109.7

127.4126.1

94.8113.2

2,996 ! 3,546 i149 i 149 !

9,409 ! 10,150678 I 675

11, 507675

6,222 ! 7,156242 j 242

r Revised. v Preliminary. § Index discontinued December 1940; data for radio advtRevisert series. Revised indexes of variety store sales beginning 1929 appear in table 30, p

February 1939; for an explanation of the revision and reviserldata, see notes marked with a "f" on p.on value of new passenger car sales beginning 1929, see page 20 of this issue, and for an explanation

•New series. For data beginning July 1934, see table 1, p . 11 of the November 1940 Survey.

3,768 ; 4,058 j 8,028 | 2,926 ! 3,224 3,691202 I 202 i 204 i 199 ! 199 > 199

-ertising are included, however, in combined index.. 10 of the August 1940 Survey. H. L. Green Co. data. 24 of the September 1940 and December 1940 Surveys,of the revision, pp . 18 and 19.

8, 655636460

992 527

471,045

01.352

" 311)

17,5812,8161. 124

832449

2.4441,097T 548

235795

2.50." |

2. 686 |i

119.230 |24,91194,3186. 9001,976

17.62567,811

78.1

1, 801

4, 84546.535

15.0-4IIS. 150

1,125

34. 4864. 193

235190

132.0148. 0

107.7111.4

130.2126. 4

• 116. 1' 116.4

4,227149

13,314673

8, 0C2242

91.063.383. 685. 090.7

8. 595656090

1002,614

45994

I)

1.3942, 444

279

IS.7413, 0861, 16".

849454

r 2, 4101, 404

301943

r 2, 3405, 223

122, 44325. 62406,818

6. 9391,743

18,31469 $2'>

1,732

4, 79446. 898

14,802116, 544

33, 7223, 961

246209

132.0145. 0

v 113.2P 117.0

130. 8128. P

• 110.2' 114.0

4,315150

13,443073

7,958242

4, 241 4,101199 200

° Less than $500.revised beginningFor revised data

ust 194! SURVEY OF CURRENT BUSINESS S-7

Monthly statistirs through December 1939. to- JJMJget her with explanatory notes and reft-rencer . ~-to the -sources of the cla*a, may be found in the hi,,,.1940 Supplement to the Survey

K L T A 1 L T K A U K <''.ntin«KMi

1U4O

June July ii;iM je^f/^Q,. °i-»ober * °^™~ '"f^run Jami- Fi'bru-

a»\ ar \

11)41

March April . M.i\

DOMESTIC THADE (Vmtinuod

<7.'( . Mu'rphv (V .

K \ \ . \\'('l\w l.»:» <"«'

«ron s< p. • ,t(.M< >rlior f'l 'iut-

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u 'v 'u""fiiin»

A i l ITIT 1 +• , ai.ivlri-'ti1 '

L-" «-2rJ

» • ' { '

do- .00- 1 If"- 100

I O M

•0(1, 1 -

*>>

1 ' ,

S J5 i fI l l "

1 l'l

11 UTt')

• in L O *' 0 t :>,fi = io(

- I * . I ' M V < ^ . 1 'I n I t l p i i M . t M ! » " > . V \ f ' n 1 . ' 1 J. p * . 1 - 1 -

p ' H . - J l * i'" 0* 'I ^ J«I -- r m - k - , » n t , , ' I ' *N , i P i l < f ' " . M t n

1 J n i ' l l f« d , ) , \ J- I . » l |\«1 - v d do

\ l - i i l o i . ' i » , i » i r«M.« » > i -T o * . \ - - I t .' C < U P { m - - . I i L d ' *i«J i

M o r ^ i . . . . ' ! " W i i d rt ( .. d . .- \ .. Kn« hue k cv < •» i

K i r r ( - < » . ^ « . . j i - r j , i ' l i i n u i r i . l i -

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f i r W . - ii )i 'i; o 7

J)2I !i!2 * ^S4 <».ulJ . .17^ i, .">U 1.021

202 202 2i "1 204 201 2Ul

2o , 021 2*,'>'<)", 2< ,^2^ 2 " . ! P T 2» » ' .^ 2U, b ^ o1 7)7! 2 2 o o s 2 s » ' h ( . 2'), W> 2'». }l< I 2') 77S. M i l l _ ( i i ' , 2 . ( M i 2 , 0 2 1 *2. i ' 21 2 . 0 2 , 2 02.} 2 . 0 2 1 2 o2.^ 2 . 0 2 0 2 " 1 . " . 2 , o 2 0

7 V) ^ 27i» 1 0 . 1 7 2 i n " f i ' i 2 0 , 0 i d M.t" .

•2'} -.s2 "2«, 4r'2 2". 7" 2 " , . > t1 "s'.i 1 V.'l I..VI!

i'. >> u, C i, ', i»i4, M 4p. : 41 2 r.

101 Ml !" ' !II li I . ^

" !

,,

sS

[i>]

>7

;?

<o

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:\

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101

10.0

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2Î S

10.V / 212.10'

101l ' (4

M .

i2".^1

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,0s

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' i '1 2 J

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/

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19.047. •".

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12Hi n

" 121' 100

122

'- i 'vo id7 IOS ] r> !o;>in. |'2», P v - is i ' -> •• 1 2 4IP H . HI H""-* - l l ' t 124.

Ml 'i'2

1! 7 0 7

I O ' . . 4 1 7 ^ - . T b . ) i ( l i . < ! J 1 H . » ) 2 - ' 1 V J H " 1 2 . . ' < J N ' • « . J 5

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i'O V.!t \ Is',

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\i', > Jt- > ii'.< » ] -* ,>! l.v^ 't 17*-* 1 2 5,i 7 i ! n •< 2 . i) H " 7 i > . 1 I'- •-!"'i i M,'> i20 + IV) ' Jo,', i i7t> o j ' f , 'i , \ > !lyNs u ' is .. 'i J V l">s li

1 Jr, ~ ' ^ ! •* I .. . A><' :•).» 9 "v<'. 2l."».2 J.n .. i l . i 1 <s i ' Ii i:i-' '••i , " . , J <2 ! 1 ' ' • ! i ' 2 ; N 122 '•> -?7 ' ' Ai> 1 \~ , I " J* 1 ^v l | H» > I ' ( ' l v

1 ? " n I.M ^ r.» "" \>« 0 \'2>K* 1& •> 1 ^ o i l . " 7 I ' .ti '. l ' l 2 ' 7 1 ! 172 ••U.J »i I ' l Jf.^ ' ^^ l H«» ' '-70 '7<* " IT.". 7 \'7 4 1.". >> 2 0 0 , i\n\ n! j . ; : . r « • i . ' , • . M I •> a ^ •< 1 2 ' . ' » o i . ^ , 7 r - j s - i ',.> x l i l> •> S.'»L'. t

EMPLOYMENT CONDITIONS AND WAGES

EMPLOY MEN V

r i v ' j f u n i r K ! l (

I T . ' . ' T«d ^ - 1 - i 1 f»< ' V O - I l M * - n o t " I ,

H t dv, T O ' " 1 . ' " ' ' I - n

, i i l l . i i . • l u» i -

j

2'*, > 2 20,' i l l 21 ,

>2 Vis

")Oi

1 2M 4 2 ^ 4 °2>.

171 ~K, "i"

103 ' ir>

•)11 l . to* J 7(»" ' . 7 2 0 . h ? 1 • .20 1 « . ". "« " ivi ô - -»i> ^ i

2,)', i , ' S 7 4 1'7 4 ' lSi« a 1 J? 4

4 1 ^ ^ 11 i " l i» 2 T1

i .fi7 t 1 Ox 2 I 1 ? c ' * ^ ' 7 •• 1 ix

1 ( 2 . 1 t . ^ :

r ; * M 1 /< 0 x^ . 4 s , ,. v » ,J O ! x j(»-. J ' I " ! I')'. 2 ll • t ln(' 2i.x * • " 2 '1 ~ M " 4 . 4 -!

It* 0 ' 12 ". 1.2S

111" X li \

U , 3 I ! ' ) • * ' ! » , •

' I t 1 102 ,If!" > r I 2 •> 1

1937 f(.r ui wi

1 1 H ' M i d . I i ' t u " i - • ' . ' - ^ k - i n \ ' l i i , i ) a \ [ i , i n 1 " 1 , . » l i > - ( I K H U ' > v \ 4 M ' < f t ^ l i i i i u H ' ^ i ) d • ! i k 1 1 1 ! 1 ' f j u . ^ ] • ' o [ i . i M I ' i ' » . • ' b . c ' »T l > 4 0 u . v f ( ( ) T M . i n u i ' . l i X . I ' f i t ' 2 0 . « J J ^ , t f i t \ ' t v I « . J . - i n v » \ , I . i - > < ! < h u i t 0 U l U 1 v \ i l l « . p i > t » f i r >(\ < l - i i - t i u f . f . u - 1 . ' O i - u T - ' ^ ^ ' u. . , ' ! [ < . U 7 . « M - 1 , r e - t i e - 1 r "))"•>- v i . - t . » , o f ' n r h C w v n '* « M I J » - ; " u ) i " i " ( , ' i n n ' i . I ' - H M H \ \ t o r i « \ . u « u ' l e . » - U J ^ I - u ' ' . \ » 1 n i o 1 2 o I S ( i f t r > » » ^ ^ m M i * M i ^ J I \ e s

K i r ' . i " H « i . i r ' i i ' i ° 2 ) , x p t t a b l » 1 ' . p " . 7 a n d I s o f f ! . v M I A -h i ' < ; i ? u r \ « \ . * \ c , p . i o i f f » t i ! u i i j i l o v i n . 1 " b t < ! I ' l p ' o v , - •• . M ^ M K I ' . r . ' C ^ ' i t i

) '! - - llJ n , I . / I » ' . . Me J Jy ' \W 1 . J t . < ! i •• J



1941 1940 1941

Juno ! July | August Sep-tember

October Novem-1 December j ber

Janu-ary

Febru-ary March April | May

EMPLOYMENT CONDITIONS AND WAGES—Continued

E M P L O Y M E N T — C o n t i n u e d ;

Mfg., unad j . (U. S. Dept . of Labor)—Con.Durable goods—Continued.

Machinery , excl. transD.equip. 1923-25 = 100.. • 167. 2Agricultural implements (including trac-

tors) . . . . " . _.__19?3-25 = 100__: 171.9Electrical machinery, apparatus , and j

supplies . 1923-25 =100..i 158. 1Engines, turbines, water wheels, and

windmills 1923-25-100. - 286. 5Foundry and machine-shop products \

1923-25 = 100-.' 138.8Machine tools*- do ', 337. 2Radios and phonographs do. ._. ; 179.9

Metals, nonferrous, and products do ! 142.4Brass, bronze, and copper products-do ; 190.0

Stone, clay, and glass products do \u\. 5Brick, tile, and terracotta- do . . . 71.2Glass . - -- . - . - . . - . .do ___' 121.5

Transportation equipment*" - . .do 170. 1Aircraft1" ..'Ao __ fi.t.K 2Automobiles - . . . — . d o . . - 135.0s h i p b u i l d i n g . . . . . . do . . 321.9

N'ondurable goodb"'__. .. . _ do 120. sChemical, petroleum, and coal products

1923-25-100 13i.5Chemicals - - do 172.1Paints and \ arni.^hes . . . d o . 114.7Petroleum refining do 1 •_>.". 6K . u - o n a n d a l l i ed p r o d u c t s . . <Io 326.0

Form arul k indred p roduc t s . dr. 131.7Making . do i;y> 1Slrtiijrht'Tinc -md meat p.ickina . do 120. 1

.Lofithor and its manufac tu re? do MS. 6Boots and shoe> . d o . - '',">.>"

Paper and printing do . 121.4Paper and pulp . . . do. u i . 9

•Rubber products . _. .. do 110.9Rubber tires ;ind innor tubes. . . <'<-» .__ v>, s

Textiles and their productst .do „ 112.5Fabrics!-.- , . , . do . ioh. lWearing apparel . . . . . . . do 121,3

Tobacco marrifaemre-N . _ do ( .15.5Manufacturing, adjusted (Fed Resvxe. t

do - rjs. 1Durable goodst . . . . . . . do ;.33.6

Ircri and steel and their product:?, not m-chiding m:ichiih>"\ . . . . i92o~25~ l"o 1,^,7

Biust furnace*, steei v, crk^. .iml rolling

1 lardv\ are . ._•]•» I isStrnemrai and omar^-Mal uu^-A -.v.ik

Fjniil.er Ji-t allied pro-:uct> d<- ;t) -Fi(rnilUT\ dr Ml.Lmrn >•[, >.iwmilli? an '>»,

M i u l i i l U T N , ( > \ c l . I I " , O N ] ; , e q u i p >U> i r . t i j

\ g r i c u l t u r f » l i m p l e m e n t s ' i i p ' i i i ' i i n u r r a r -

Kleetrical m a c h i n e r y , *ipparato>. a.;d sup -plies ' H»l'.j •'." -HA) !•>*"

I'inîiKK, t i i r b i n e s , w a t e r >A J u r i s , a n dw i n d m i l l * _ r.i23-25 - JO0 _'7."<

Foundry an-.l uia"l'.ine-sh<.p products1923-25--100. 13!<

M a c h i n e t o o l s ' 1 . . . . . . d o . 3 3 6Radio.-; a n d p h o n o g r a p h s . . . . d o . is!

Metals, nonierrous, and products .do 111.6Bra-s, bronze, anrj copper products do 191

Stone, clay, and ulass product< . . . .do (.»3. 0Br ick , t i le , a n d t e r r a c o t t a do . '•'.»Gias>. . . . . . _ . __.do _ 123

i rMnspntt- i t ion e q u i p m e n t 4 . . <A\^ . 172 MAircraft* . . . _'!o . ''> 155\utomobile- . __ do 132

^•iipbuiUJinc* . . . . . do _. 32">INond'irable goods* _ .__ . . d o . . . 123 5

Chemical, r>"troleum and coal products1^23-25-100-. 138.4

Chemicals do . . 172Pain ts and varnishes do _ 140Petroleum refining do 125Rayon and allied produces . _. d<~ 336

Food and kindred products do_ 136.8Baking. . _ « - . . . 151Slaughtering and moat p a r k i n s . _do _._ 121

Leather and its manufacture*- _ . .<!" . . . 101.7Ri-otsand shoes . . .ilo . 99

Paper and printing . . . do _ 122.7Paper and puip . . . . . . do .125

Rubber product* . do 112.0Rubber tires and inner nibes> . . ..<lo 87

Te-cfles and tlieir products- .no .. I 16, 1Fabric.st . . ,|u 109.3Weariner apparel . _ >io 126.4

Tobacco m a n u n e i u n .- . *i*-» t',5. s

115.1

137.3 ,

103.3 i

158, 1

96.9 !229,1 !141.0 |106.6 |127.1 •82 963 1

101 9 ,111 3

2,913 5HM.y162 8106.2

119 0138 3126 1123.2306 0129 7117 0 :108 '? •86 8si 8

114 5116 2

S3 1hX 593 - ,85 7

107 961 9 ,

lo3 9W 0 :

I03 7

11**>-

T3IUO

'".7 ?'0

• >0

i n '.»

i.S6

!•>..

j ;J.

1 1410S, 2

12s79 S

,)S

111 s2, s;_'9

U I108.5

122.4138 I122 '123 ;:315

131. 9146109

89. 688

115.7I I P

84.269

96, 888.0

112.565, 2

116.1 |

130.6

103.8 i

167.5 i

98.0 \234.8 1143.4107.0129.6 i82.4 !61.1 !

103.3 |99. 7 :

3, 1 H). 6 '

17a 2107.8

118.5140.4 ,121. 6 '122.9306 9135. 4 -147. 1113. 19'. 690.7

114.7 ;117.1 -

S3 5 '60 3 :

\V± 5 •88.0 i

101.9 '62.4 -

Jo" 1 'lo»;. 1

1"7. 3

12!)

St.

75100

»,7 5

sw»",0

• 16 6

I.;1;

l l i l

16.">

9V

2'> 7

145Ilo. 7

132s i . 3

hi ,

10.")

110.73, ) 15

0717.")

109. 6

121.7138124122308

129. 0146111

90. 989

116.5117

84. 769

100. 291.3

116. 162.8 '

119.2

131.2

106. 6

'176.0

100.5237 5157.1113.8138.2

84. 564.4

106.9105. 1

3,478.6s.'i. 5

181.1112.2

119 4

123'. 5122. 7307. 7145.8116 6106, 892. 091. 1

115.2116.9

^r>. 970.599. 790. 4

116.764.4

107.4104.3

i l l . 1

12:5*9S

78MS

>,'j 09062

120. u

139

i » - r

176

101217145

115.7no

si . 860

107120. 93. 17')

107W>

110.2

122. 2141126122306

129. R146108

89. 187

116.4117

87.071

.101. 192. 6

116. 163. 0

123.1

133.5

111.2

' 183. 4

103.4248.0159.5119.8146. 685. 864.7

109. 3126. 9

3, 764. 3112.2188.1114.4

123. 0143. 4126. 1122.6311.7147.4146.6108. 090. S

: 89.7; 116.2i 116.7i 89.4\ 72.6! 102! 61 92.81 120.7

65.8

J 108 .9i 107 .4

112.9

• 123\ 102

• 8 1i 96! 70.6' 91

64122,5

111

m

: io3; 217i 138'' 118.6

1 17' 83. 0

61109

! 130.2i 3 sSl

116187

: 110.3

: 121.7141127121309

126.9144109

89. 988

115.7117

S9. 773

101.993. 5

116.563. 7

127.3

134.9

116.1

'191.6

106.7257. 9163.6126.1154.987.565.0

113.2139.5

4,115.9125.1197. 4114.8

125.3145. 6125. 1121. 2311. 1341.3145. 9109. 690.088.4

117.6115. 192.673.9

104. 596.1

118. 966.5

111.4111.2

116. 1

125105

8499

71.39164

126. 6

143

116

197

107257134

122. 3153

84.761

112140.24, 243

125195

111.5

: 122.9143125121310

129.9144110

91.190

316. 1115

91.674

102. 695.2

114.863.3

131.2

136.6

120. 6

r 200, 5

110.1265.9159. 4129.9162.488.664.8

117.0146.0

4, 402. 3129.8204, 1113.9

125.6148. 0125.9120. 7314.5132.5145. 5116.287.084.. 1

118.5115.7

! 94.4' 75.2! 105.5! 98.7j 116.2! 66.81

! 114.2i 114.6

\ 118.9

\ 127j 109

! s6: 1031 73,6> 93: 66

130. 9

140

12a

: -• 2 ] !

110'••• 2 6 5

142126. 3

16288.4

65117

I '•' 1 4 3 . 9' 4,447

"127204

113.8

: 124.1: 147

127120311

132.4144114

93. S92

116.8116

93. 675

105.397. 7

i 118.0: 83.4

136.1

143.2

125.8

r 210.5

114.1276. 0158.5131.2168.188.765.2

116.8149. 2

4, 684.1130. 2221.0114.8

125.8149. 9126.0119.8315.1130.5144.1125.090.688.0

119.5115.997.576.9

107.0100.4117.265.6

116.6117.5

122.4

130113

91104

75.296o7

136.0

143

126

' 2 1 8

114275150

129.4168

90.468

117' 145. 6

4, 731' 124

220Ilo. 7

125.3151128120314

135.6144121

94.393

117. 3116

96.877

107. 298.7

121.964.7

139.8

149= 6

129.4

r 222.4

117.4285. 8147.5131.1171.585.964.8

114.4152. 6

5, 037. 7128.5240.3112.7

126.0152. 0126. 3119. 1313. 5121.4140. 5116.393.491.4

116.7115.798.877.9

106. 499.7

116.860.8

118.3121.1

124.8

133113

96109

76.39768

141.2

147

131

' 237

118286155

133.3173

94.675

120150.45,089

123244

115.6

126.5154130120310

133.3143112

93.391

117.1116

99.078

107. 398.8

122.066 3

143.5 !

144.2 j

136.4

' 236. 3

120 0297. 2141.8134 717 ".9s6 9 '64. 1

115 s157 2

5.34 4 0'l30 12-"'i 61' K 7

127 s

155 1: -JA. f.119! 2311.0119 1142 9ilO. t.96 995 0

117.1117.3100. 77s, 6

110. 1l o l . 7124.263. 7 |

118.6122 1

125 5

13'*114 '

1O0112

75 0

(','141.2

110

137

239

120296 <165 ;

135.1 i176 |

- 9 2 . 9 !74 !

116 iM52.9 i

5.398 1123 !262 :

115.2 •

127.4157 i130 !120306 i

r 131.0 !145 \111

93.291

-117. 2117 ;

100. 479

107.199. 1

r 120. 5 i64.9 :

147.7 [

132.6 !

ni.:. '

"217.6

123.6307. 11 19. 1136 9IM). 5s". 7n~). \

11** "»161.2

5, % 3 . 7 '131.5272 1in; 3

i3() 7159. 31X2.')

'M'2.''i120.3145.01 U). 7OS. 7°7 0

118. 11} s. 511 )2. 8M). 0

U 1.0Io2 7

r 127. 263 3 •

11'., 41210

!26 2

J33nt;

mo113

"11.0

9 sf>",

14s 1

I2t.

142

' 2i6

12430417s

136 1179

92 371

11^• 15J 0

5, 50912326S

' 115 9

128.1 j161134121308

••131.4 :146113

94.39?

-118.5119

•• 102.080

107.6100.4

'119.364,0 :

' 156. 2 ; r

r 168. 5 | r

I 17. 3

r 257 2

130.11316.9 ; -158. r>

• 1 3 S . IJ ' r

182. 5 ' '93. 0».<•. 2 '

121. s , '; lf»6. 4 1 ;

' *"l32.4 1 '294.4 ! '117s,

• 134. \162.4 , '137. 4120 "» '317.9 , '

• 123. 6 ! '146 5

- 110.2 ' '9s. 095 s

119. 4120 3 , '

' 105 0 ' 's2. 3 ;

• 112. 1103.7 -

' 1 26. 2h.3 .-> ;

r ' M " r

126 3 i '"~ j

12s 2 ' '

136115 ,

101113

74. 2101t',5

I5h 2

i t , ,

117

215

129315]s..()

130. 0!Sl

<»i 370

u i15S n". 7( 8 r

1252S4

11« 0

132. 2 ! "1 6 3 :135 (

121 :324

132.8 ; -148 |115 ;

95. 593

119. 8120

104. 283

109. 9103. 3119.9 : '65. 0 I

162. 0

170. 7

154 0

271. 6

134.0325. h173.7139.9ls.4.4

r 95. 6r 72 7124.0171.3293. s133. s307. 1l l s .7

133 5In6. s141. t122.0323. 5127 '149.0UK. s

' 95. 5' 93.0120. 8122. 7106 ,'i' s3 2112 4105 1124.0' 64.1)

124. s12M 4

131.D

140• l i t .

103• 125

• 74 7104

• » • " >

H.I 1*

• lot,

1 ,V>

' 259

133- 324r 197

140, 8* 183

* 92. ]r 69122

164, 26, 110r 127- 298120.4

134.9«• 3 6 8

* 136•- 123

330135. 0

149- 119

* 96. 8r 94

121. 1123

106. (' s:?

112. 9105. 9123. 8

' t>5. s

+ Kv\ r^<\ M.i u'>. 3Iii:he feviMoiis u.L>- xuade in data tor textiles and products and fabrics beginning 1933; revisions not shown on pp. 25 and 26 of the May 1940 Survey areavailable upon request. Index for transportation equipment revised beginning January 1939; see table 57, p. 17 of the December 1940 Survey. For revised indexes of employ-ment, beginning in 1937 for all industries and nondurable goods, and January 1938 fur durable goods, see table 12, p. 18 of the March 1941 Survey.

"•New series. For indexes beginning 1923 for machine tools and shipbuilding, and index for 1931 through 1938 for aircraft, see tables 39 and 40, pp. 15 and 16 of the October1940 Survey; for aircraft indexes (revised) for '939. see table 57. p. 17 of the December 1940 Survey.

i M 11)41 Sl'KYKY OF (TRKKNT iU'SIXKSS S-9

Monthly statistics through December 1939, to- 11)11gether with explanatory notes and references — — -to the sources of the data, may be found in the r1940 Supplement to the Survey

1941

June Jul.v Sep-tember

Novem-ber ' b T ' Jar^" ' ¥arlU' | March I A P r i I I Ma>"

EMPLOYMENT CONDITIONS AND WAGES- Continued

EMPLOYMENT--Continue!Manufacturing, unadj , by States and cit

State:Delaware . .lllinoist --Iowa . .Maryland . .Massachusetts. .

- 1«3" 391923-2."

. 1929-31.192.") 27

. 1923-2.".1925 27

yNew, Yoi1 -Ohio - l«»'Jt>Penn^jh ania . . nJ23 2."WiscoiiMiit - - 192.W,

City or industrial area:Baltimore.. . . . 1929-xiChicago! - - .-1931-39Cleveland. . . . - 1923-25Detroit - . -Milwaukee . . 1925-27\ e \v York, . _ _ _ _ .Philadelphia . . . - 1923 2.I b h

100- -H)0- 1 0 0

=J0>)-= lOu---10O=-lU(i- 10"= 1 0 0

I l t t b u i g . _Wilmington . . . _

Nonmltj., unadj. (V. >. JJept. of Labori:M i i

--- KM= 100d o-10 ' s<1o---iOo

o

i.uurcdo

-d->

TInadjusiKl . . . . 1923 2.", - loOAdjusted -- . . . . do

LAKOK CONDITIONS

AviMan' wceMY hour* per worker m '•u-t n»">Natl. Ind. Con. Bd. (J.'» indu^tn^1

U S. Dept ot Labor (90 indu-tru-industrial disputes (strikes and loel-oii

Bejiinniim in month .In proRie^s dining monthWorkers m\olved in strikes"

Beginning in month . ihiIn procres^ during month . _

Man-dajs idle during monthEmployment security operar ions (Soc. Sec. Bd )

Placement activities:Applications:

Active file - .thousandsNew and renewed . . . do . .

Placements, totals _d » .Unemployment compensation auivine^-

Continued claims _. thousandsBenefit payments:

Individuals receiving payments^. doAmount of payments i hous of del

Labor turn-over in mfg. establishmentsAccession rate..mo. rate per UK) employeeSeparation rate, total _ _._ _ uo

Discharges.. d<» .Lay-offs . . . _._ doQuits and miscellaneous • do

PAY ROLLS

Manufacturing, unadjusted '*" S Depirtmentof Labor; + 192.l-2o=*o()

Durable good>t toIron and steel and their products, not in-

cluding machinery 1923-25 —100Bl ist iiirn<K'bs, steel works, and rullir.g

mills 1923 2^ !00Hardwaie doStructural and oniariieniil in< { d work

1M2< 2"- 100Tin cans and other tinware. do

! >3 11. I (

13,-)97

1..."..! ! ~>122.!0f>.121

l.UI3'i12s! i ' i

:3i

\nthiacitflRilu/niuous coalMetalliferous . -Cmde petroleum producimîicirr\ ing and nonmetallh1

Public utilities-Electric litrht and power T

Street railway and bu^csiTelephone and Metrrapht

Servvji s.I)\MIIO and cleaningLaundries . . . .Year-round hotels

Trade:Retail, totiU

General merchandisingWholesale

Miscellaneous employment lati.Construction, Ohio _Federal and State highway^ tot alt

Construciion (Federal ami ^lutejMaintenance (Stall*i_

F«*di»ral civilian employeesUnited StaresDistrict of Columbia

Railway empluvei'a iclu>s I >ieam irotal'_. . . . ' - - i

1929 -100( ] • >

Mwdodo

d ' t

d •

, dodo .

. do .<<o . .do

1926- loonumber _

d n . .

. dn

•mlw iys i >

l iDUân 'o- .

1')S i .

7s•»1V

'),;/ ' i

N l .

1 J21 1 1

i1

•)';

H

do' I 51' 2 h i

* i , 3 7 5

300 9J'»."> 4137. 0jor, j

1 0 . " . <<ss 0<J4 n85 •>95 f

K.2 t,101 C'96 *'•r, i)

!')0 0SS 1•M 0V.) h

7o ';63 S

107, I

io\ ^ J:O 5

10' *' 11' {

•i I 2 f»7 1> 7 . 0 *•'} ».9."> U 9 7 0

v)\: io* o10'i 7 , ins 7

>;i" i ' V, i' !7 5 l [Ml 4•> 2 97 1

M 97! 0h'A 7

yo. 3

110 i) I V . >337 3 l^'.i

9i 'J06. 2S9. 0 ,

17 6

l.V>.iilM131 *(51

*• . 2

4*» 3

SS 7fHi. 1J'«. 1

l.'H. 2 101 Ii113 y ll'1.. 2i ! 2 4 117 0i>.i .. ir . 3"I 9 ." 3

I P ) u 11^ 0'»•) 7 iOl 0

!n,i (, | M." i' • i . M ' ' ) > 2

i«){ 2 '(/") 2

los s i!,. ,; ' in ;111) ll 11 :. 2 .' I I " ) . 1 '10 i 7 107 s HN 4111 6 12!' 2 12" 0

if«l ' . 10'J ;, ! )i\> ;

,M 0 'ii f, «.s 1m i . ' . - . i •<; 7

i'». * V) t j "o i

• v' «i '»s 7 -is 77H 0 7>). 1 j ;tj -i

5 : 0 . 0 u m 4 j .••« oi r 'j ' tuo 2 I nt '••1 6 95.1 ' 92 3

( ' . .8 y* 3 iWU 4 d 103. 5•0 '» " 1 . 0

87. »>12'.). r>103. r,1117. I

«i'i. J307, ')

H3.: .119.3 !

IK', 0121. o '113. 7103.097. 1 ;

•on. 1 '

"0. 1 ;72 2 i

111. 4 '•l l s . 4i 44. s •117.4 'S7.0

120.0 :lo:j .",10S. l<96 2 !

107.3 !

113.5 iUS, 7 :112. I i123.011." 3 !101 s I

i o i . ; i102 3 |

Si Si

' I ' ". , ° 0 " > 5h\ i . ' ^ i \•"J 7 ', v i 1

i 1!o3 3 j 101 0 ''nil. 3 ] 101 l

02,9

' 3 3 , Sat-

1,0" Jr»

. i.s ..2 o :,\ s"."I. full 311 , -2) ' '41,')26

l')"..V2S i 172.379 172 .)0! 1(>1 2,»2i'iti.21." j Ji7,7O.'; , I J ' J ( '2i 1 SO 3Jt»

' !.'

9*i 3m 4

1 2 \ 199 I

!(•», 1

V, 2

s, 22')

90. -•)i o•<1 2

17 2

J3s,t

1.071 ' 1.0M

V 1 | " '»

119. > ' J i 152,5

'b. 0

102

'Rev i sed . >' Preliminary • ! )« , 'ni tNi>atrt aie i weekly aver i^ 'u t he nur n-er reICompi lauon of sepna te tieure^ 'or pnv Mi* pi icenu n r

e e p j d1940 Sur\ej . subsecjuenc re^ i>,ions in1940 F ll1940 isû°. For rev pjand Chicago indpve5?, pp nit? niprkf d wFebruary 1911 Surv , will ar pe ir ri an e

p°> for >irett r nv

in paj -roll md< xe^ for all manufk d a "f on p 2j?

5, 7341,318 !

330 ;

6.525 j

I,2fi9 I53,618 j

4.76 |3.36

.14 i2.32 !

= 90 :

113 <)

(1 rit

5, 5651,401

30S

7, 292

1,22055, 741

4,911 i 4,6191/207 j 1.391

353 I 407

57. 458, S

4U. 139.8

147

158

4.759 j

1,039

57.059.. 4

40. 239.0

221330

91' 109

H65

5,093l . s i r ,

112.2 |119.3 |144.4 !119.0 !90.7 i

123.1 !

107.2 s112.0 ;9*. 3 !

107.0

lit). 4 '117.C.111. 1122 1119.0 ,109.9 '99 4 •

103.9103,4 '

50 t'.

7'X I

12.4

90. 16s. 0*0. 9

101. *101. 1

93. 0

90. 792 9

4S fi012

116.7 !120. 1 ;

146.7 !122.8 j92.9 |

126.5 !

no. i !114.7 !100.01U9.1

121. I ,I Hi S •117. 4 '122.5 '120 9112 S101.3104 «l107 1

50.2 ,'Jl 174 3 ,i)'i 2H 2

124, 1 t126.1 i149.6 I127. 4 |94.9 !

129.2 !112.0 i

' 117.5 i102.6 i110.3

• 12.".. 1121.5121.7120.3125. 3111. 1

' I'M. fiI OS 3I 13 5

IS 7' 23 5

••91 3" 6S 3

M04.4102 5 - KM.9

91 2

M2. 5 j" 6 6 j91 is |

M>5 2

ins 7' 92 4

' 129.7129.6152. 3

•• 131. 996.1

132.3113. S120. 4104. 2i is. 7

129.912S 1125 3123. s12S. 3113.5106.7

- HIM. M116 5

IS. t><S9. !»7S. 3»H). }5 ] . 3

120 7108.4

96. S

9'). fs103 0

02 '<

1.202Jo7, i

1,051 :

57. 6 !59.9

41.040.0 I

250 *'369 !

69 I»• 125 !

" 1,128 ;

5,1011.37!

344

1,074

5K S60. 5

41.240. 4

320•"461

115- 176

1,544

172 s76 177. i2s

I, 104 i 1. 14>

60. 561.0

40. 740.0

63. 062. 3

41.340. 8

•p 500

r 508 J v 315f 561 | v 415

r 7, 086 i v 2. 250

5,170 ! 5,0971,606 i l,82.r)

376 j 443 !

5,881 • 4,25H i 4,006 j 3.622 i

I l ' i !

1, 125 875 | 698 ; 67651,695 ! 36,591 j 32,231 | 29,561

! i \ *4.77 6.63 I 6.21 j 5.52 4.653.35 3.00 3.22 J 3,23 3.06

.14 I .16 I .16 j .19 ! .182.25 ! 1.63 I 1.48 I I 53 1.60

.96 ! 1.21 i 1.58 I 1.51 I 1 28

4,008 ! 4,931 I 4,047 | 3,738

IO.J " 1Id* , ! • '

n . . : i , r 4

66730,, 886

4. 113. 16

. 161. 861. 14 |

122ML (

Hi '

121 s 12^. _ I iI 0 1 ,d ,IO». > 1H "i I ' M 122 .

l l M 121 9 Jl». s 113 1 .'"4 i

• M I L f ' ' h ( \ i " k « ' . . 1 T K D . n i i t ' ' i , ( '

82639, 270

5. 543.41.18

1.611.62

120 7'32 ' i

1 So s

13'1 M1 id }

v» 4Ml s

806 i34,611 |

4.92 I3.15 |

.19 i1.201.76 !

II" 1M4 s

• i r . 7

762 590 •33,608 | 26,998

5.62 |3.40 |.21 !

1.06 I2.13 i

121 s

6.04 j3.89

1.19 i2.45

• 134 714M •<

loi i127 5

5,1561,539

500

65931,574

' 5. 95" 3. 86

.24•-' 1. 08

2.54

' 144. 0' 1 6 3 . 0

r 1 7'' 5' 141. 5

• 113. S" 151.6

\i . ; iL . ] '>>.. M h e r i i i d ( , » , , i n n r ^ n ' i f a t n r > n . rb w w ^ s h e - m n ' n i . Vn'2 ^ t m **< l i n g t n o t ' u > \ w

, ! M r M e s " o t i U r ' i » < s a , d ' ( ' } » M t i h i c 1 2 .u ' i r : 1 * 4 1 S u n o . I % ( J ^ . ' < r T\ b c o i ' - . r r» v ^

n, tp i s

. era i i1 '*

ihiie-, iet 'H ' I U I I N ujj j er,si(iU5, etc , are inc luded.' p . r - ' u d du rn <.' w(^^ en led "Within the m o n t h .

In ree»i dib(on ( v a n ! by the repor t ing source.H I , -M_ri \ e<jnr/iTu- J"29, cee p 17 of the Apri l

\ p n l ^ u r > o v i]»jii ir m tabln 27, p '7 of the M a y1 tin M iro'i JJl i ûr > \ . F(T u v i s i o n s in Illinoismil,: \J2 rc \ iMU 'lac^ uoi ^ b o w n o n p . 72 of the

t«cîi ^ îis ' j . . t Qjft û L i' oT ff" May 1941

S-10 SURVEY OF CURRENT BUSINESS August. 1941


1941

June

1940

June J U ]y j Augus t j \ October [ Janu- Febru-ary


1941

"March April I May

PAY ROLLS—Continued i

Mfg., unadj. (U. S. Dept. of Labor)—Con. jDurable goods—Continued. i

Lumber and allied products.. 1923-25=1 OIL..! si. IFurniture . . . . . . . _ . . . _ . . . , . d o . . . . i 110. 2Lumber, sawmills.... d o . . . J 71. 6

Machinery, exei. transp. equip.—... .do.. .-! 229. 7Agricultural implements (including trao I

tors) , ..1923-25 = 100..j m «Electrical machinery, apparatus, and !

supplies _ _ . . _ . . . 1923-25 = 100. _» 225, 5Engines, turbines, water wheels, and !

windmills 1923-25 = 100..: IW2 «'•Foundry and machine-shop products

1923-25= 100..:- 177 ")Machine tools* _ _ . . . ..do : ~>2\ •>Radios and phonographs d o _ . . | 19'' 7

Metals, nonferrous, and products do._..j '71 s>Brass, bronze, and copper produets.do__J 2'.J I

Stone, clay, and glass products.__ do j w 7Brick, tile, and terra cotta _.do ; 7i> s

Glass __________________ --do____j l•"»••{ ITransportation equipmentf----- do \ 212. i

Aircraft*. __„__ do i x 12".'*Automobiles. . do____] i.'l •>Shipbuilding* do ' I v ; 6

Nondurable goodst^. do i .V iChemical, petroleum, and coal products \

1923-25 = 100..; HH2Chemicals , d o _ _ [ 2.U <>Paints and varnishes _ do ! 17s itPetroleum refining d o _ J !•"'> s

Rayon and allied products do ; 3»vi '•>Food and kindred products . . . do Ui. s

Baking . doSlaughtering and meat packing do

Leather and its manufactures doBoots and shoes ... do

Paper and printing doPaper and pulp do

Rubber products . doRubber tires and inner tubes do

Textiles and their productsf. ________ doFabrics! - - . . . . doWearing apparel do

Tobacco manufactures do.,.._Manufacturing, unadj., by States and cities:

State:Delaware.— - 1923-25= 100. _Illinoisf - - - -..,.--1935-39 = 100..Maryland . . . . . 1929-31-100. _Massachusetts _. __. . 1925-27= 100..New Jersey _..1923-25 = 100. _New York __ . _ . . . . . _ . ....-925-27 = 100..Pennsylvania . . . . . . . . . 1923-25=100..! i .•• sWisconsin! 1925-27-100..! l.Vj '.

City or industrial area:Baltimore.. _ . . 1929-31 = 100. - ' 2sH..».Chicago! 1935-39 = 100.-. U)u \Milwaukee.. . . . . _ . , . 1925-27= 100.-! l»H yNew York do liy '.Philadelphia.. . . . . ...1923-25= 100..' U2 i.Pittsburgh.. . . . . d o . . . , : l in •'-Wilmington._____ . . .do ; M7 l

N'onmfg., unadj. (IT. S. Dept. of Labor):Mining:

Anthracite. _ ,...1929 = 100..' 51.2Bituminous coal do ; nil ~Metalliferous do._...; st>. <)Crude petroleum producing do i 50 !Quarrying and nonmetallic. do 55 5

Public utilities:Electric light and power! do in \Street railways and busses!- - - do > rr> 6Telephone and telegraph! do n? I

Services: sDyeing and cleaning..,. . .do ;; !*s 4Laundries do I in? r;Year-round hotels do i _~7 0

Trade: \Retail, totalf do j 94. 5

General merchandising! do \ 99.6Wholesale ' do j 87, 5

WAGES

factory average weekly earnings: :National Industrldl* Conference Boird '2o

industries doll irI ^ Dot t oiLiboi y\f[) uuiu^rw* do

Dur-" le .rorK -inFror md steel and rhtir product-, not m

dudingii ichjn°r\ do1! ir^B] i<-t furn lies. *.u«el \\t>rkb, ui 1 roihm.

\m\h -.nil. r_.Hardu ire <tuMiuaural .till or1., i em \\ MiHdl \\hrk

loll irsTin tans and othir Ui w no do

63.675.9 |58. 1 I

125.1 |

60.7 :

74. 3 153. 9 :

125.7 ;

68.381.762. 2

131.0

157.8 !

118.3 |

210.7 ,

148.9 i

118.1

152.0 I

123.7

- 2 i i i I

302.9134,010.". S140. S73.451. 1 '

11! •">121 0 !

, i*0?s 2 i

307. fs13s 5105.9146.2

71. 1

149. s ;117.0i'".O. 7 '

71.2 i87. 4 j63. 8 1

137.9 |

156.2 [

131.4 \

2."i iiO5. 43.tt.3 i<61.5 .12s 0177.6 '

,)1.8 '1(15.29* 9

124. 6

-"3 •) • 5 4 .0 .l i t - . 0 | 120 .71].">. s • 141 T

112 03x5 >s

fJ7. 4

165.2136 2137. 1 ,

140. ^114 7 ;67 062.7 '•

112 i '126 286 4 '77. 575, 4 I

S O . :, •

IW. 4 .

167. 2132.4 •

1:51.3112.1 •117 rt76. 4

111' 2126.3 ,

77. .

'J, \ !

'..t1). 1

211 .6I UK 4

1.U.4169.3132. 1<H7.43H.01 3 " . «j

140. 1

75. 0110 w

73,791.3 ,65.1

145.3

158.8

1.38.2

1 i l . 7,r>2.3164.3136.3 :

190.0 !sS. 0"5 1

12U. h163.3 Ir>:-!9. 4 '] 19, 2 !

>\A. Si OS 1

170. 'j1 ^5. * ,130 '6327 713^ 5140. s112 6

~4 672 0

113 4124. 2

139. o176.2135. s'Ht.. 2$22,*13..2130. 2115 >73 4h*' 1

115. 2123. S ;99 5 i

'• 9 ;

115.:.' i

70.7 i107.5 •'

\C. 7 '

106 ')

114.'.JO6.11

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100.1

s9 692.4

116. -1131. 1

75. Al'jfi.r.87.6v A. 5

102. n

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101."IJu (

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70.0 ,I('!.3

s^ 000.0-0.5

. 1 '

J. 16s 5 I,.V). n 'Ic. 2 .

H>s. 17n. 1

iO'M

7S 9

lot 7124. i138.0s2.5

121.2' ^ . 2.U.'j

111,5

J23.:.112.2lul .6y4.7ys. 0M». 7

5,s. 236.2

U)5. S71. 1

101. S

85.6.\y.OM.b

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123.3100.5

i2»5.U122. 1

:<-. 3Si 671. 1

(07.07(>. ,'

I(i2 _:

s2.4

b4. J

84.889.378.4

84.0 :85.190.531.1

60. 892.380.2

j 0261'06 *

331 4

11" 412^ *!0j (»

_N 4<1'J 1Su 9

i_M '•*It 1 J

l ^ -s122 1

1 . ••

126 t,97 (•

37.68-1.

106.970.3

103.2 |

. i l .

50

',-

...

12

M7

0471

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i'

)-*2M

H11

• 11

._,

.7

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163 0

171 3

157 9

70 9MO 4»() 9

119 3

160 4

145 )

i M h | 126 '•>

r~> 7 ! I M 6141 7 ! 14'v 02.)' b ' 21s >

4 0 1 I*. ?iMO s]()«) 1 ItO 2

14,, (i2s 7 „112 1

1 2<*. <y

IV • <<S<4 4H 2 4M7 7

in JJ r -5

Ml sKn J

I 5'

U P

H)t»

42. 791.472.855. 942. 4

106. 073. 1

103. 5

77.8 j 75.8 j87.2 i 89.2 ;

83.6 j 84.1 j

87.1 97.3 \97.5 132.9 i80. 7 ! S3. 4

t* 1" i l *

7" h90 0

167 5 17h 8

180 y

If 2 7

171 2

17* 7

)2b 7 m , 11(4 ", 1 414 7 '14 4 «•• ! | 4h i1 I ' I 0 i ->l 2

2\) 1 . 224 27 * S ^2 0,4 r , l s

Ml 0 ir> *190 ft

., 019147 .*U7 f 1Ids 1

( 4 2 •«

1 3 7 4

12tl _

119 7 ,v -5 •!

SO n I1 1 ) . !

' £ . ; •

• I ! . 1

1O> J ,

MM 4 I

l.>». 1 !

1 ( 0 (

1OJ .

38.587. 870. 406. 236.9 j

105.1 !70.7 I

103.9 I

73.3 I89.8 ;84. 1 I

83. 7 i86.5 •80.5 I

410 h

[ 1 . M

H I 219) 9H i *T

1 >J 1

no h1 7 xn 5 -

1'7 1

in

i" ^10112 1

no ,111

45.290.8 :71.8 !

57. 338.2 ;

105. 471.0

104.3

74.489.786.1

u,.1

2s

hi7190

It.

.112s

12

>4

41

21

"il

Hi (4n! '

H s i

(41 'u

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in ';

84.6 ^6 2 '86.6 : 88 3 ".SI. 4 ; 2 O

1 >non

I D i

n ' t

0A 4 ' - I T 1

00 9

~s 01112

It

r

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1

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1]

t

] '

It t

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t 1

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2.11

s

(

s

1 )

4

- n ] '

>" " >

fl-LVised n r i t s ci.t .ht T VJMOIX V>en* -jhdc in latn ^ r a .ul» aud ' n c r iir > li cis ana l a n n o Dvîm. n - i'i 3 f t M - i o n s noi showi. < a ^ 2< >i ih"•\ai l ibh apo r i request h or r fmûmîn Tlh 101s and CP'C<-ILO maoxo^, ôo i.otc inarr\e 1 with a <lT' on p 29 01 the.Tanuar\ 194 i. t ) iJr \o\ I r ' i c< fur V i s e >iS2), r f \ h d da ta noi si wn -n p 71 or r hc l i b uarv -911 S1 r\<? v\ili ^ppc ir n an tar3> I^SIJP. Inrlox lor Transportation qu pnii-iT R H h H! noînt i n l e 57, p i7 of tfio EXu m b i 1^40 ^ a r v e \ . For TOS iMon ^ 1 wox ror n ^ n d u n b h goevs C r THs a ni l 1939. lOMablo 12, p 18 ot the ^ l i r c h ~>\>V Siirwy

1 aph pa^-roll inae\(. revi^< ^ ocs. i ninu MS2 r r her indicatKi nonmanufi^car iL '" p i roll ' i i i \ \» ^ a\i->cil D<.feinnui^ iy2y set tibl« (9 p ""< o f *ce v*\ev«r series see n^ .e n i i^ked - i*b a t * ' on p ^ N of tbir issue

'n vised m e . nvne" Ijr"u rir\ ll^f* set

August 1941 SURVEY OF CURRENT BUSINESS S-l l


1941

June

1940

June July August Sep-tember October Novem-

berDecem-

ber

1941

Janu-ary



WAGES—Continued

Factory average weekly earnings—Continued.U. S. Department of Labor—Continued

Durable goods—Continued.Lumber and allied products dollars

Furniture- ._ - -doLumber, sawmills do

Machinery, excl. transp. equip. do . __Agricultural implements (including

fractors) ! dollars'Electrical machinery, apparatus, and

supplies - dollars .Engines, turbines, water wheels, and

windmills! dollarsFoundry and machine-shop products

dollarsMachine tools* . .doRadios and phonographs do

Metals, nonferrous, and products. _do

Stone, day, and glass products doBrick, tile, and t<*rra cottaj doGlass do

Transportation equipment doAircraft* . doAutomobiles doShipbuilding *+ do

Nondurable goods doChemical, petroleum, and coal products

dollars..Chemicals - d oPaints and varnishes doPetroleum refining _.doRavon and allied products do

Food and kindred products do, .Baking _ doSlaughtering and meat packing..do

Leather and its manufactures! doBoots and shoes! _ _ _. do

Paper and printing doPaper and pulp do

Rubber products ... do . .Rubber tires and inner tubes do

Textiles and their products . doFabrics ._. doWearing apparel.. do

Tobacco manufactures __ doFactory average hourly earnings:

National Industrial Conference Board (25industries) dollars

U. S. Dept. of Labor (90 industries) doDurable goods _ do

Iron and steel and their products, notincluding machinery dollars

Blast furnaces, steel works, and rollingmills __. dollars!.

Hardware . doStructural and ornamental metal work

dollarsTin cans and other tinware! do

Lumber and allied products doFurniture doLumber, sawmills- .._ do

Machinery, excl. trans, equip. _ _ do ._Agricultural implements (including

tractors) ! dollarsElectrical machinery, apparatus, and

supplies^ dollarsEngines, turbines, water wheels, and

windmills! dollarsFoundry and machine-shop products

dollarsMachine tools* doRadios and phonographs do

Metals, nonferrous, and products doBrass, bronze, and copper products

dollars- -Stone, clav, and glass products. . . .do _.

Brick, tile, and terra cottaj doGlass . doTransportation equipment _ _ do _._Aircraft* . _ _ _. _ doAutomobiles doShipbuilding* t. - - do

Nondurable goods doChemical, petroleum, and coal products

dollars..Chemicals! doPaints and varnishes _ _ doPetroleum refining doRayon and allied products. do. _

Food and kindred products . doBaking doSlaughtering and meat packing__do

Leather and its manufactures! doBoots and shoes! do . .

Paper and printing doPaper and pulp do _

20 1720.6719.3230.41

30.74

30.52

35.05

29. 4136. 6823. 6127. 2590, Qr>

24.2020 9725. 8934. 2131 1835 2834 1721.81

30.0832. 2329 5534.8420 3625. 5426 5727.8218 1717 0029.2726 7028.2733 1116 4316. 2416 9618.98

.740

.672

.732

. 774

.849

.680

.741

.632

.523

.548

.505

.743

798

764

.803

.728766

.614702

. 755

.664

.564

.740

.905

.742

.954

.869617

.777

.802

.717

.983

. 675

.641639

.691

.553

.5317Q7

.644

19 3720. 2818.0230.29

30.42

30.14

35.04

29.3336. 4523.9027.1230 7323. 4920 9524.9131.8830 4832.2634 0321.87

30.1231.0529. 1334 7326 3224. 3326 6927. 7619 8018 9229.00°6 4727.7632 6616 8516 7117 2618 36

740* 667727

.777

847683

.738627519550496744

795

762

.807

730768621701

.762

. 665

. 566742

.891738949

.862615

.783

.804

.721

.986

.676

. 625640

.689

. 553

.532

. 791

.649

20 8121.3919.7930.67

30.87

30.92

36.00

30.1235. 4823.4928.1831 5524.8121 4926. 5635. 4131-7°37 0634 8622.10

30.1632.1829. 2834.9426 5324.1726 4027. 5719 8618 9428.7326 1427.8131 6417 6417. 1518 9517.79

741. 668

731

.777

.848697

.736

.633

.526

.546509

.745

801

756

.819

733760611703

. 765

. 668

. 568743

.897

.739

.956

.862613

.778

.798

.720

.977

.672

. 615643

.691

. 554

.533

.789

.648

21 0622.0719. 8531.22

31.17

31. 21

36. 24

30.3137. 0224.8929.3839 0725. 2721 6226. 9035. 6032 3736. 6736 0822.20

30. 0831.8029. 4035. 2026 9923. 4826 6027.3819 37IS 3229.1826 1229. 1534 0818 0917. 5719 5118.42

.742

.671

.737

.779

.857

.691

.735

.634

. 525

.546

.507

.746

799

757

.812

.734766

.621710

.775

.672

.565

. 750

.900

.738950

.874611

.773799

.722

.983

.682

.603641

.691

. 558

.537

.792

.654

21 4922.4920. 2331. 71

31.41

31. 26

36. 74

31. 1837. 7324.7430. 0033 6425. 7521 871i. 9037. 3932. 6?39. 2536. 5722.28

29. 9632.3929. 6034.9326. 5323. 8226 3127. 6418 8717 5329. 3526. 4529.3134 2718. 1017. 9518. 5318. 25

.744

.673

.739

.778

.851

.684

.733

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.524

.547

.506

.749

802

752

.830

.740

. 769

.618

.712

. 777

.671

. 566

.747

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. 750

.951

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.798

.720

. 963

.685

. 610

. 635

. 684

. 553

.528

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.654

20 7522.2319. 0631. 65

31.29

31.61

r 36.35

30. 9536. 8523. 9730. 0233 9825. 1721 4727. 2636. 3932. 9338. 0534. 4622.08

29. 8732 7220! 3534. 322f). 9524. 4326 3126. 8218 1916 6529. 3526. 3529.4534.9217.8017.7118.0518.14

.747

.678

.744

.781

. 857

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.732

.635

.526

. 555

.505

.752

.806

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' . 842

.745

.768

.613

.727

.799

.671

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. 746

.902

. 755

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.884

.613

.765

.811

.733

. 966

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.632

. 640

. 686

. 555

.529

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21.0622.6419. 2933.13

32.89

32. 95

'38.22

32. 8539. 5625. 3231. 6335 6626. 2522 5228.7735. 9633 1736. 4938. 3723. 09

30. 9033. 3330. 1536. 0027 1525. 7826 3928. 7720 0518.5430.3727. 3031. 1336 5918.4618.2818 9818.70

. 754

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.749

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.743

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. 528

. 552

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818

766

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.626

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.805

.680

.582

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. 756

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.895

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. 766

.816

.741

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. 604

.641

.644

.680

. 552

.526

.799

.660

20. 7221. 4219.5933. 35

33. 25

33. 00

- 39. 36

32. 5140. 1524. 0830.7135 2825. 1721. 7428. 0237. 6634. 1337.6!37. 6922. 04

30. 3133. 1029. 8634. 4627. 4024. SO26. 4626. 8420. 6719. 5829. 7527.0230. 8536. 6718. 1317. 9318. 7017. 76

.759

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. 529

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. 699

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. 681

. 555

. 530

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21.2422. 3219.9134.26

33.13

33.87

' 38. 73

33. 5141.6224. 8031.0035 1725.6122. 0!)28. 6238. 4435. 1440. 0538.7123. 23

30.2433. 5030. 2234. 3626. 9425. 2526 7326. 7021 8920 9230. 0427. 6631.2037.0219. OS18.6120. 3517. 54

. 764

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21.6823. 0320. 33

' 35. 02

33. 54

34.46

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34. 3941.4925. 7931. 573 6 Ar>

' 2 n 8922 3028. 7638. 8035. 02

M0. 0139. 3023. 63

r 30. 3633. 9330. 4634. 6827 28

r 25. 7426 6626.8122 61

30. 6728 1931.67

r 37 55r 19 3718.89

r20 6817.99

.769

. 697768

.795

.873690

. 756' . («9

. 541

. 565

778

820

780

' . 878

769799643748

.822

. 689

. 594778

' . 920.783

r 982. 890624

. 766829749

.967

. 700655641

. 685

519T 807. 664

' 22 1723. 2221. 03

' 35. 16

r 37. 52

34.41

r 38. 30

34. (JO41. 1025. 31

r 31.4S'V) 7026. 5023. 3828. 70

r 36. 4 1r 35. 1 5r 36. 30

3!). 11r 23. 01

30. 9534. 2431.5730. 0427. 54

' 27. It21 S720. S4

r 30. 5428. 31

••31.74' 3S. 01

19. 40r 19.30»• 19.91' H i . 88

.784

. 708785

.841

.954

. 093

.782r . 042

. 547

. 570

. 530

. 788

r. 872

.782

'. 887

. 779

.808

. 044

.749

.810

. 095

. 000

. 770»• . 923' . 78S' . 983

. 900029

.773

. 839

. 995

. 700

. 055

. 047' . 094.

. 579555

. NO")

. r>ot;

99 r)()24. 2920. 7537. 16

30. 88

36. 08

44. 05

30. 2142. 9827. 0233. 1437 1027. 0494 4929. 5339. 8935 8041.7041 0924. 47

32. 3935. 4833. 0537. 142S 1620. 0797 5029. 552 9 09'>(). 8931.15''9 0732. 8338 9020. 1220. 0820 2418. 07

799. 726. 806

.859

. 968

. 707

. 825

. 655

. 556

. 584

. 537

.818

. S86

.829

. 948

.801

.824

. 001

.770

. S34

.710

. 03770!)

. 945

. 7951.014

920. 041

. 800

. 8(i3

. 7 7 0LOOK

. 7 1 2

. 070

. 059

. 731

. 590

. 507

.811

. 070

' Revised.iBecause of changes in the composition of the reporting sample (usually an enlargement of sample) data for the indicated series are not strictly comparable for all months

shown; for engines, turbines, etc., the sample was enlarged in December 1940 (December figures comparable with earlier data above: weekly earnings, $38.39; hourly earnings,$0,845); for the month when the change in the sample occurred for other series and the issue of the Survey in which the revised data were first published, see note marked" t " on p. 29 of the July 1941 Survey.

*J\'ew series. Earlier monthly data not shown on p. 29 of the March 1941 Survey are available upon request.



1941

June

1940

June July August Sep-tember October Novem- j Decem-

ber ber

1941

Janu-ary


EMPLOYMENT CONDITIONS AND WAGES—Cont inuedWAGES—Continued

Factory average hourly earnings—Continued.U. S. Department of Labor—Continued.

Nondurable goods—Continued.Rubber products dollars..

Rubber tires and inner tubes doTextiles and their products do

Fabrics --doWearing apparel % -_-do

Tobacco manufactures doFactory average weekly earnings, by States:

Delaware 1923-25 = 100..Illinoisf 1935-39 = 100..Massachusetts 1925-27 = 100..New Jersey 1923-25 = 100..New York 1925-27 = 100..Pennsylvania 1923-25 = 100 __Wisconsin! ..1925-27=100..

Miscellaneous wage data:Construction wage rates (E. N . R.):H

Common labor dol. per hour . .Skilled labor do

Farm wages without board (quarterly)dol. per month._

Railway wages (avg., class I). . .dol. perhour._Road-building wages, common labor:

United States, average dol. per hour . .East North Central doEast South Central doMiddle Atlantic doMountain doNew England doPacific doSouth Atlantic doWest North Central doWest South Central do

PUBLIC ASSISTANCE

Total public assistance and earnings of personsemployed under Federal work programs!

mil. of dol. .Assistance to recipients:§

Special types of public assistance doOld-age assistance* do

General relief doSubsistence payments certified by the Farm

Security Administration mil. of dol .Earnings of persons employed under Federal

work programs:Civilian Conservation Corps-__mil. of dol_.National Youth Administration:

Student work program, doOut-of-Sfhool work program do

Work Projects Administration doOther Federal agency projects financed

from emergency fundsf mil. of doL.Earnings on regular Federal construction

projects* mil. of dol._

114.6128.9122. 6150. 4115. 8135, 9131.1

. 7471.49

0. 780.967.496.484. 518.505

94.6110. 398.7122. 697.6108. 9111.0

.7031.47

.728

.46

.63

.33

.54

.56

.49

.68

.33

0. 785.971,502.486.534.502

94.6109. 6101.1121.397.7107. 9107.4

.7071.48

0.779.960.512.486.558.492

90.4111.0101.3122.699.4111.8110.3

1.48

37.18.723

.46 I

.39

219

523931

100

10

36

.47

.61

.35

.53

.56

.49

.68

.32

.47

.38

212

534032

18

39

.719

.47

.62

.35

.54

. 56

.50

.68

.34

.47

.38

0.780.971.514.487.563.487

93.1112.0104.2126.6101.0113.6111.4

.7111.48

!

.737

.47

.61

.34

.53

'.50.68.33.48.38

203

534029

17

0.774.962.509.487. 552.484

95.4113.5103.8127.5100.8115.8114.6

.7111.48

36.84.725

.48

.63

.35

.54

. 54

.51

.70

.34

.49

.38

216

544129

18

25

102

4

56

0.781.971.504.487.539.486

97.1112.4102.7127.6100.4115. 5116.0

.7111.48

0.784.971.507.488,544.490

104.0116.8108.8134.9104.4120.9119.0

.741

.48

.63

.34

.56

.54

.56

209

16

36

102

0.788.975.512.492

r. 557.498

98.1115.6107.6

' 0. 792.981.514.492

'.561.495

107.9117. 5111.7

104.5117.5117.6

.7111.47

36.61.741

.43

.68

.35

.59

.51

.55

.70

.34

.47

.38

222

574331

38

104

2

103

106.0121.4121.1

.7131.47

.758

.43

.67

.33

.59

.53

.59

.48

.38

215

584329

113

0.799.994

'.517.494

r. 561.497

106.2119.2113.5138.5108.2124.3123.3

.7161.47

.742

.43

.65

.34

.58

.52

.58

.70

.34

.47

.39

217

584329

2

16

39

97

2

110

0. 804'".997r. 524.509

r. 553.506

107.2121.0114.4137.5109.4127.7122. 6

.7251.48

40.44.732

.45

.64

.34

.61

.54

.57

. 72!30.45.40

210

594426

2

15

38

94

3

••115

0.8181. 011. 530. 520.550.505

«• 112.1125. 1119.8146. 6113.3

r 132. 7127.2

.7411.49

.48

. 62

.34

.56

.57

.5373

. 36

. 49

.40

594423

15

38

88

v 3

102

FINANCEBANKING

Acceptances and com'l paper outstanding:Bankers' acceptances, total mil. of dol..

Held by Federal Reserve banks doHeld by accepting banks, total do

Own bills doBills bought .__do

Held by others doCommercial paper outstanding do

Agricultural loans outstanding of agencies su-pervised by the Farm Credit Adm.:

Total, excl. joint-stock land bks.t-inil. of doL.Farm mortgage loans, total do

Federal land banks doLand Bank Commissioner do

Loans to cooperatives, total doBanks for cooperatives, incl. central

bank mil. of doL.Agri. Mktg. Act revolving fund do

Short term credit, totalf doFederal intermediate credit banks, loans

to and discounts for:Regional agricultural credit corps.,

prod, credit ass'ns, and banks forcooperativescf mil. of doL.

Other financing: institutions doProduction credit associations doRegional agr. credit corporations ...doEmergency crop loansf doDrought relief loans do

Joint-stock land banks, in liquidation__doBank debits, total (141 cities) do

New York City doOutside New York City do

2J30

101101

5952

299

2, 9882,4481.818

63090

7416

450

22b42

221

1305043

42. 13517. 28224, 853

2060

1661125440

224

3, 0602, 5491, 880

66981

6218

429

19640

2008

1305255

31,96013,11018,850

1880

1521034936

232

3,0562,5401,875

665

6515

434

19942

2048

1295254

32,85613,61219,244

1820

1481034434

245

3,0502,5341,871

66383

6715

433

20342

203

1285253

29.91811,60418,314

1770

1421004235

251

3,0352, 5261,867

659

7316

420

19741

1957

1275152

30, 86212,59418, 267

1870

149965338

252

3,0082,5171,862

65596

7917

394

19135

1806

1225151

36,31714, 95221,365

1970

159996038

232

2. 9862,5081, 856

65296

17383

18834

1736

1195151

35, 77114, 95220,819

2090

167100

6742

218

2,9732,5001,851

64893

7516

381

18734

1726

1185048

42, 95218,62624, 327

2130

168103

6545

232

2,9642,4891,844

64592

7516

382

18635

1746

1175047

37, 64515,14722,498

2120

164996548

241

2,9702,4851,842

64391

7416

393

19236

1826

1195046

32, 72513, 26819,457

2170

170107

6347

263

2,9762,4751,836

64088

7016

413

20337

1956

1255045

40,98817,40223, 586

2200

170105

6646

275

2,9822.4671, 830

63785

6816

431

21239

2076

1295044

38,73115, 65723, 074

2150

164105

0051

295

2,9882,4581,824

63490

7416

440

21740

2150

1305044

39. 91916, 12423, 795

r Revised. v Preliminary. « Less than $500,000.JBecause of expansion of reporting sample, data beginning January 1941 are not strictly comparable with earlier data.1 Construction wage rates as of July 1, 1941; common labor, $0,753; skilled labor, $1.50. a* To avoid duplication these loans are excluded from the totals.

igures for special types of public assistance and general relief exclude the cost of hospitalization and burial. The cost of medical care is also excluded beginning Sep-1940: this item is included in all earlier data on general relief and in figures for July 1937-August 1940 on special types of assistance.

,_evised series. Indexes for Illinois revised to a 1935-39 base; for factors for converting indexes on a 1925-27 base beginning 1935. see p. 29 of the January 1941 Survey.Revised indexes for Wisconsin beginning 1925 will be shown in an early issue. For revisions in data on emergency crop loans published in the Survey prior to the September1940 issue, see note marked " t" on p. 76 of the February 1941 Survey. Total public assistance and "other Federal agency projects financed from emergency funds" revisedin the March 1941 Survey to exclude earnings on regular Federal construction projects; revised data beginning January 1933 will appear in a subsequent issue.

*New series. For data beginning 1933 for old-age assistance, see table 56, p. 17 of the December 1940 Survey. Data on earnings on regular Federal construction projectsbeginning January 1938 will appear in a subsequent issue.



1941

June

1940


berDecem-

ber

1941

Janu-ary


FIN AN CE—Continued

BANKING—Continued

Federal Reserve banks, condition, end of mo.:Assets, total., mil. of doL.

Reserve bank credit outstanding, totalmil. of dol..

Bills bought doBills discounted.... doUnited States securities do

Reserves, total . . .doGold certificates _ do

Liabilities, total doDeposits, tot al - - do

Member bank reserve balances..... doExcess reserves (estimated) do

Federal Reserve notes in circulation..doReserve ratio percent..

Federal Reserve reporting member banks, con-dition, Wednesday nearest end of month:

Deposits:Demand, adjusted mil. of doL.Demand, except interbank:

Individuals, partnerships, and corpora-tions mil. of doL-

Statcs and political subdivisions..-doUnited States Government do

Time, except interbank, total...mil. of dol_.Individuals, partnerships, and corpora-

tions mil. of dol .States and political subdivisions do

Interbank, domestic doInvestments, total do

U. S. Govt. direct obligations, total..doBills do. . . .Bonds doNotes do

Obligations fully guaranteed by TJ. S. Gov-ernment .mil. of dol..

Other securities doLoans, total do

Commercial, industrial, and agriculturalloans mil. of dol..

Open market paper __.doTo brokers and dealers in securities..doOther loans for purchasing or carrying

securities mil. of dol..Real estate loans doLoans to banks doOther loans do

Instalment loans to consumers:*By industrial banking companies:

Loans made doRepayments doAmount outstanding, end of month.__do

By personal finance companies:Loans made doRepayments doAmount outstanding, end of month...do

Money and interest rates:Bank rates to customers:

New York City ._..percent..7 other northern and eastern cities do11 southern and western cities. do

Bond yields, Moody's (see p. S-19).Discount rate (N. Y. F. R. Bank) doFederal land bank loans do...Federal intermediate credit bankloans.-do-..Open market rates, N. Y. C :

Prevailing rate:Acceptances, prime, bankers, 90 days

percentCom'l paper, prime, 4-6 months do...Time loans, 90 days (N. Y. S. E . ) -do. . . .

Average rate:Call loans, renewal (N. Y. S. E.)...doU. S. Treasury bills, 91 days do

Av. yield, U. S. Treas. notes, 3-5 yrs.-doSavings deposits:

Savings banks in New York State:Amount due depositors mil. of dol.

U. S. Postal Savings:Balance to credit of depositors doBalance on deposit in banks do

COMMERCIAL FAILURES!Grand total number..

Commercial service, total doConstruction, total doManufacturing and mining, total do

Mining (coal, oil, miscellaneous) doChemicals and allied products doFood and kindred products doLumber and products doIron and steel and products doLeather and leather products doMach inery doPaper, printing, and publishing doStone, clay, and glass products doTextile-mill products and apparel doTransportation equipment doMiscellaneous do

23, 704

2. 26602

2, 18420, 58320, 32223. 70415,86313,0515. 2106, 72391. 1

23,949

23, 6671, 604463

5,443

5, 243' 1749, 27217, 87211,2551 0807, 9292, 246

3, 0383, 57910, 453

5, 895377528

4581,244

401,911

1.004.001.50

Me

1. 00. 12.38

5, 628

1, 30431

97036511604825

21, 408

2,53102

2,46618, 12017, 75421, 40815, 21313, 7816, 8575,199

20, 510

20,1671, 434515

5, 352

5,146183

8, 57715, 1249, 202

7576, 3822,063

2,4053,5178,462

4,438301380

4711,199

401,633

47.042.6

278.3

79.170.3

471.0

2.002.493.38

1.004.001.50

Ms

VA

1.00.10.76

5,670

1,29343

1,1144861207

21, 801

2,48404

2, 44818, 57918, 20221,80115,57513, 4986,5145,24889.2

20, 984

20, 4991,497505

5, 341

5,144175

8,23915,4619, 457

7916, 5672,099

2,4183, 5868, 517

4,441291419

4741,210

401,642

45.344.2

279.4

78.472.7

476.7

1.004.001.50

1.00.05.57

5,631

1,29742

1,1755065206716302914411122

564

21

22,176

2,51604

2,43618. 95918, 61822, 17615, 86713,5416, 5255,37089.3

20,4151,440509

5, 380

5,174182

8, 50515, 6229 373' 7056. 5732,095

2,5843, 6658, 566

4,480294390

4631,219

481,672

42.642.0

280.0

76. 870.0

483. 5

1.004.001.50

1.00.04.58

5,629

1, 29841

1,12849491968921287914243

464

23

22,440

2,48505

2, 43419, 27218,94022, 44016, 06313, 7276,6555, 45089.6

21, 152

20, 7411, 463508

5,381

5,187170

8,73415,5449,280

6286, 5402, 112

2,5823,6828,785

4, 630297446

4601,220

411,691

41.038.5

282.5

69.268.4

484.3

2.142.563.43

1.004.001.50

Me

m1.00.05.48

5, 657

1, 29640

9764958

17378

22247

10

22, 865

2,41204

2,33319, 63219, 28922, 86516, 21814, 2086,9605, 57790.1

21, 858

21, 2661, 651506

5, 371

5,171175

8,70715,6939, 374

7366,8041,834

2,6273, 6928,909

4,773304410

4551,222

361.709

44.443.8283.1

74.374.1

484.5

1.004.001.50

Me

1.00.02.43

5,635

1,29638

1,1114471

20068

40

761420354219

23, 017

2,30404

2,19919, 88119, 58623,01716, 19114,2156,8495, 74390.6

22,189

21, 7711,495509

5,397

5,180192

8,84315,7749,543

7846, 8981, 861

2,7073, 5249, 128

4,911299467

4601,228

391,724

43.743.1283.7

77.474.8

487.1

1.004.001.50

Me

m1.00.02.34

5, 639

1,29937

1,0244053196615292214711191

44424

23,262

2,27403

2,18420,03619, 76023, 26216,12714,0266,6155, 93190.8

22, 299

22,3241,595451

5,455

5,234196

9,06516,1379,719

6116,9782,130

2,7433, 6759,390

5,018301584

4651,230

371,755

48.644.6

287.7

107.689.3

505. 4

2.002.533.36

1.004.001.50

i fv/ i H1.00

.02

.35

5,688

1,30436

1,086485718861330206106

113591

23

23, 306

2,25002

2.18420, 28519,91323, 30616, 39613, 9306, 3805,88491.0

22, 932

22,4011, 579

2145,448

5, 240185

9, 07616, 3689, 950

6857, 0512,214

2, 7443, 6749, 308

5, 076314458

4591,229

351,737

44.744.1

288. 3

68.270.1

503. 5

1.004.001.50

Me

1.00.02.43

5,664

1,31434

1,1244354

16177

2715665164

441

23, 528

2,26503

2,18420, 36620, 03123, 52816,35114, 2036, 5346,02291.0

23,431

22,8121,820332

5,478

5,273179

9, 25316, 95510, 334

7277, 0522, 555

2, 7663,8559, 495

5,227319478

4551,232

361,748

42.442.4

288.3

67.069.0501.5

1.004.001.50

Me

/21H

1.00.04.55

5,652

1, 31833

1,1296658182

23, 409

2,24303

2,18420, 43620,11223, 40916,27213, 3715, 7766.14391.2

23, 093

22, 5181,747396

5, 4(\5

5. 269171

9. 34317, 12410,578

7427, 6532, 183

3, 7939, 828

5, 465347504

4541, 228

521,778

50.747.5

291.5

84.980.3

506.1

2.062.533. 25

1. 004.001.50

1.00.11.50

5, 661

1,320

'31

1,211586018812103922

23, 686

2, 2340

2, 18420, 53320, 20423, 68616,22013, 5245, 7716, 28291. 3

23,1731, 903386

5, 476

5, 269181

9, 04317, 68010.812' 869

7, 7532, 190

3, 1153, 7539, 870

5, 532354465

4451,235

401, 799

51. 646. 6

296. 5

88.981.0514.0

1.004. 001.50

1.00.10.52

5, 627

1,317' 3 0

1, 149357019188

4418

413146363

30

23, 859

2, 28004

2,18420, 61520, 32523, 85916, 13213, 7245, 8016, 503

91. 1

24,311

23,612r 1,870

3905, 449

5, 240183

9, 22017,68910, 974

9297, 8332, 212

3, 0223, 693

10, 226

5,673367571

4511,239

421, 883

52. 547.5

301. 5

85. 380. 0

519. 3

1. 004.001.50

Me/2mLOO. 11.44

5, 604

1,31031

1,1194063

18164

36223

105

146

523

20r Revised.fRevised series. See footnote marked "f" on page S-14 of this issue.*New series. For data beginning 1929 for industrial banking companies, see p. 18 of the September 1940 Survey; data beginning 1929 for personal finance companies

be shown in a later issue.



1941

June

1940 1941

June July AugustSep-

tember October Novem-ber

Decem-ber

Janu-ary


FINANCE—Continued

COMMERCIAL FAILURES!—Continued

Failures—Continued.Retail trade, total - - numberWholesale trade total do

Liabilities, grand total thous. of dol..Coinmercinl service, total . _ doConstruction, total doManufacturing and mining, total do

Mining (coal, oil, miscellaneous). _ do . .Chemicals and allied products... . . . .doFood and kindred products doLumber and products . . _ do _Iron and steel and products doLeather and leather products doMachinerv. . _.do __Paper, printing and publishing doStone, clay, and glass products doTextile-mill products and apparel do . . .Transportation equipment doMiscellaneous _. . . do .

Retail trade, total doWholesale trade, total . . _ . do _

LIFE INSURANCE

(Association of Life Insurance Presidents)

Assets, admitted, total* - mil. of dolMortgage loans, total . do

Farm . . . . . . . . . . . .do _.Other do

Real-estate holdings do _Policy lortns and premium notes doBonds and stocks held (book value), total

mil. of dol..Gov't. (domestic and foreign), total.do

U. S. Government... . . doPublic utility doRailroad . . . . doOther do

Cash doOther admitted assets . . . . . d o

Insurance written:®Policies and certificates, total number

thousands.-Group . . doIndustrial . . . _ . . . _ do .Ordinarv do

Value, total . thous. of dolGroup doIndustrial - _ doOrdinary do

Premium collections, total® doAnnuities . . . . . . d oGroup doIndustrial. . _ ._ _ . doOrdinarv do

(Liife Insurance Sales Research Bureau)

Insurance written, ordinary, total.thous. of dol.New England ._ . . . . . . doMiddle A J.lantic doEast North Central do _.West North Central do . . . .South Atlantic doEast South Central doWest South Central . . . d o . . . .Mountain doPacific do

Lapse rate* 1925-26~ 100

MONETARY STATISTICS

Foreign exchange rates:Argentina dol. per oaper pesoBelgium . _ . dol. per belgaBrazil, official dol. per milreisBritish India. dol. per rupee..Canada dol. per Canadian dol..Chile . - . ._ dol. per pesoColombia doFrance _ dol. per francGermany dol. per reichsmarkItaly _ _ dol per liraJapan . _ dol per yenMexico _ dol. per peso..Netherlands dol. per guilder..Sweden. _ dol. per krona..United Kingdom . dol. per £..

Gold:Monetary stock, U. S . . . ..mil. of dol__Movement, foreign:

Net release from earmark^ ..-thous. of doL.Exports doImports .-._ do

61998

9, 449401684

3,15515782

45120188

188113251

161, 030

328250

3,5911, 618

73S33

459216

619, 61764 450

135 t'33HO 534°7? 173

29, 85!)1° 51961, 120

168 675

594,16447, 099

154 975134,00855. 06963 41320, 79245, 38515 35552 068

. 298<*).061.301.882

(2).570

400. 053. 234. 205

. 2384.032

22, 624

3,9807

30, 719

685113

13, 7341,100

9844, 953

44440

1,00254813225128822682

1, 026140774

5,3141, 383

24, 4944, 591

6633, 9281,7142, 463

14, 3476, 5204,7213, 5452, 7081, 574

9 "2427

71435

446233

597, 45048, 946

128, 232420 272256, 608

25, 47311,59457,112

162, 429

553, 08641, 727

146,613123, 27054, 29058, 09424,71144,59514, 95644, 830

91

.298

.061

.301

.801

. 052

.5723. 020.400. 050. 234

; 1 8 4

'. 2383. 602

19,963

-437,2341,249

1,164,224

738116

16,213594847

7,0502, 250

25361934825464

909

1561, 484

58383

5, 9641, 758

24, 6234, 608

6633, 9451,7142,453

14, 5276.6514, 8523, 5722, 6991, 605

897424

69733

428235

605, 32643, 520

124,192437,614267,714

35, 04312,81255, 547

164,312

566, 06140, 743

151,409129,28458, 09757, 63322, 21845, 34914,89346, 435

.298

.061

.301

. 869

.052

.571

.400

. 050

. 234

.199

.2383.805

20,463

-55,0648

519,983

732102

12, 997502

1, 2724,386

42131

770845123197325288

161,171

40159

5,0561,721

24,7194,621

6633, 9581,7162, 445

14. 6246, 7384, 9293. 5792,0941,613

888425

68332

426225

579,28353, 757

123,111402,415246. 254

22 85412, 33955,451

155.610

528, 33039, 632

133,296119, 57254,87752, 75120, 88242,67415,99448, 652

.298

.061

.301

.869

.052

.570

.400

.050

.234

.200

.2383.979

20,913

66,97610

351, 563

588108

11, 397541893

4,7401, 345

195272866

4986

146399112695259316

3, 5631,660

24,8694, 650

6633, 9871,7102, 436

14,6926,8114, 9913, 5982, 7171, 566

922459

69128

443220

549, 95540,720

127,974381 201248, 824

25, 93812, 30360, 409

150,174

503, 42738, 056

129, 066113,82150,23851,66820,91342.64712, 75844, 260

.298

.061

.302

.855

.052

.570

.399

.050

.234

.199

.2384.034

21, 244

36, 62813

334,113

681115

12,715574854

5,247361432

1,074297

92100142890

691, 443

37380

4,1941,846

24,9634.670

6664, 0041,7072,425

14,7696,8194, 9833, 6222, 7311, 597

933459

79835

506256

648, 90355, 244

146, 465447, 104246, 403

21,94112, 36851, 766

160, 328

573, 50444, 112

158, 087130,68756,17356, 98721, 62441,77814,74749, 309

.298

.061

.302

.863

.052

.570

.400

.050

.234

.203

.2384.033

21, 506

-117,947j 7

325, 981

64689

16, 572596838

9, 0903, 067

4441,512

358369

75175250

25838

1, 399578

4, 6991,349

25,0764, 694

6644, 0301, 7012,413

14,8516, 8665,0103,6192 74 51,621

955402

72128

468226

560.91234,256

134,859391, 797251, 508

28, 45411,84456, 278

154,932

505, 47438,381

139, 103115,94047, 32850, 65419,44037,90812,92443, 796

.298

.061

.302

.869

. 052

.570

.400

.050

.234

.204

.2384.036

21,801

- 3 9 , 4956

330,113

691102

13, 309665

1,0435, 928

117441

2,34725470815872

259422873

15262

4,0971,576

25,1704, 697

6634 0341,6612, 398

15,0346. 8895, 0363,7842, 6891, 672

862518

80067

494238

694, 740108, 003142,371444 366357,173

51, 18514, 95691, 469

199, 563

596, 53440, 072

159,584137, 45958, 52761,07225, 23046, 64416, 37051, 576

93

.298

.061

.302

.866

.052

.571

.400

.050

.234

.204

.2384.035

21,995

7,4173

137,178

77195

11,888359599

4,21719788

894293555214

29524163820

7433

5,0841,629

25, 2994, 710

6584 0521, 6532,383

15,0326, 8835,0453, 7752, 7021,6721 006

515

68930

439219

573,12435, 744

126,458410 922285, 226

39,08115, 33660,863

169, 346

522 76243,' 440

151,318121,16446, 96349, 47319, 20735, 97312.34842, 876

.298

.061

.301

.848

.052

.571(2).400. 050.234.205

.2384.034

22,116

-52 ,8124

234. 246

719104

13, 483552836

5, 983294172

1, 05276535412750318524

600619

1. 2884 5011,611

25 4004 727

6654 0621 6432; 371

14,9716, 7444,9103 7942 7171 716

522

797',32464231

589. 37044 251

136 Ififi408 953204'175

23. 64015 9325fi, 279

168 324

537, 55746. 549

148 981126, 13649. 50950, 21720, 20139, 82912 48143, 654

.298

.061

.301

.837

.052

.570

.400

.050

.234

.205

.2384.030

22, 232

-45 ,1536

108, 615

800105

13,444855765

3, 647394

781, 051

2S2215

5685

52325

359119460

6,1282,049

25, 5514, 744

6634 0811,6322,358

15. 1160, 7784, 9433 8792,7191,740l 144

557

81643

514259

42, 72114S. 978455 2°62S0, 753

26. 49413,56162,514

178, 184

598,21746,533

160, 635138.61254,63459.03025, 15647.98614,51751,114

.298

.061

. 301

.850

. 052

. 570

.400

. 050

. 234

.205

.2384. 032

22? 367

2133

118,569

745108

13,827573

1,1204, 421

202103

1,493451

20271240250434

55645

3,9703,743

25, 6554. 759

6664 0931.6182,347

15,1856, 7924, 9613,9312,7171 7451 192

554

78424

502259

661 62751 096

147,462463 069261,495

21,41412,96561,977

165, 139

597,20347,503

161 8)0136, 93156, 02060, 59924, 58343,59115,85450, 312

.298

.061

.301

.877

. 052

.570

400.050. 234. 20"

. 2384. 025

22, 506

-10 ,494

' 171,994

735100

10,065647913

2 777'lO4

19807215

9311011916895

712175160

4, 765963

25, 7524,778

6694 1091. 6072, 335

15. 2436, 7S84, 9623, 9652. 7201 7701 201

588

81237

516259

660, 07549,812

151.391458 872265,108

25. 38914,14256.964

168, 613

604,16249,078

161 514140, 48057,07661,16024, 52441,65015. 69252, 988

. 298

. 061

.301

.8741 052. 570

.400

. 051

. 234

. 205

. 2384. 031

22, 575

- 3 , 8 4 65

• 34,835r Revised. * Average for May 1-20. * No quotation. 3 Average for June 1-15. 1Or increase in earmarked gold (—).J37 companies through 1940 and 36 companies in 1941 having 82 percent of total assets of all United States legal reserve companies.(8)40 companies through 1940 and 39 companies in 1941 having 82 percent of total life insurance outstanding in all United States legal reserve companies,fRevised series. For data beginning January 1940 and an explanation of the revision, see p. 32 of the March 1941 Survey. For previous revision of 1939 data, see p. 31 of

the March 1940 Survey.


Monthly statistics through December 1839, to- 1941gether with explanatory notes and referencesto the sources of the data, may be found in the T1940 Supplement to the Survey June July

FIN AN CE—Continued

285. 1549.612

5, 047

2, 324

MONETARY STATISTICS-Continued

Gold—Continued.Production, estimated world total, outside

U. S. S. R thous. of dol...Keported monthly, total! do

Africa . doCanada doUnited States© do

Receipts at mint, domestic (unrefined)fine ounces...

Currency in circulation, total mil. of doL.Silver: j

Exports - thous. of doL..| 210Imports do | 4, 099Price at New York doi. per fine oz_.j .348Production, world thous. of fine oz i _

Canada§ - do IMexico doUnited States do

Stocks, refinery, end of month:United States do

CORPORATION PROFITS(Quarterly)

Federal Reserve Bank of New York:Industrial corporations, total (168 cos.) t

mil. of doL .Autos, parts, and accessories (28 cos.).doChemicals (13 cos.) doFood and beverages (19 cos.) doMachinery and machine manufacturing

(17 cos.)"_ . ...mil. of dol.'.Metals and mining (12 cos.) doPetroleum (13 cos.) ..doSteel (l 1 cos.) '... doMiscellaneous (55 cos.) + do

Public utilities, except steam railways andtelephone companies (net, income) (52 cos.)

mil. of dol..Federal Communications Commission:

Telephones (net op. income) (91 cos.)--do._.Interstate Commerce Commission:

Railways, class I (net income) doStandard and Poor's Corporation (earnings) :A

Combined index, unadjusted* 1926 = 100. .1Industrials (119 cos.) do !...Railroads (class 1)• . doUtilities (13 cos.) do I

PUBLIC FINANCE (FEDERAL) j

Debt, gross, end of month mil. of dol ! 48, 961Public issues: J

Interest bearing do.... i 42,207Noninterest bearing do. .

Special issues to government agencies andtrust funds mil. of dol.. -

Obligations fully guaranteed by U. S. Gov't:Tot U mi unt'nitstTd1'rprc?1 mil of dol

I < <i< il I ii m Moiigiefe Corp JOHome O\\ n< / ' I o in Corpor ltion doR( construction I iTi nice Corp do

]< \p( nditurt s tot il t thous of do] 1 i>\ i t ion il d e k n e do M>~^ n c u l m i l idiu t u n ' i t pio i n n * d o •>]\ i en plo\ ihf m r( In f do 1 i (

I r '!>.{( rs to tms t i t coun t s t

74

6, 120

u TO

1 J.)2 P')1 711

do

no

<.3odo

I >< bt K • in m< nN\11 o the i* . .

R( (< i p r s totalR(C( pts , n«t*

Cusl( msIr ti n 1 ' (ne i iue tot il

I I ((Kill t IV 1

T i \ ( s 1 onivWimi MODS to theaters , t t r ®Capit il sto*-k t r i i i s fn- \ < te ®

O A d i i n c n t COII or tion^ and c u d i t i j-ercu\ w < c v i p * rtc riirenc> , tot"l r r ' l of iol

I ( u and f rt ic ntd <?t' ck, t< ti'1 noT o i is to fimnaal insfitutiors (nicl pre

lerred stock) mil. of dol. .Loans to railroads... doHome and housing mortgage loans..doFarm mortgage and other agricultural

loans I mil. of dol...Allother_ do

U S obligations diiect and fhllv euprin-tced _ . . _ _ mil of Jol .

PUMDO^ property - . _. doPropei tv he Id for sale _ _ doMl other assets . . __ .do

17 12s21 i -

• ' i i y >2

1 271 0 0 )S I

'2 I ( s<r 1 (

103,810 |r 100,700r 87,060 | ' 92, 605

45, 517 I 46,985r 15,819 r 30,007r 15. 105 ! r 19, .109

231,486 j 308,3307,848 7,883

8844, 673

.34823, 423

3, 0966,5115,373

3.424

226.072. 332. 821.0

9.03 9

12.138. 136.8

155, 378

. 34823, 091

2, 0426,8615, 530

3,997

August

1940

Sep-tember October Novem-1 Decem-

ber berJarm- j F c b m .

a i y I arv

1 9 4 1

March April M a y

109,305 !'106,.r>0f> jr 113, 330 '108,080 j'107,s(-n 106,01;, - idO, !5<)92,557 I ' 89,072 j r 97,80347,212 I 46,0fi() 47,548

• 16, :>>43 i r 1 5 . 4 4 0 j >• 16 , 3S6• 16, 294 | r 17, :<24 ! r 22, 004

••92.522 ! v 91, 85246,711 ! 40,2V i15,775 | r 15, 7 M )19,052 I r 19 ii'j|

307, 7£0 i 341,402 j 447,526 j 397,336 j 338.0068,059 j 8,151

52.0

61.9

1.6

87.295.10.9 I

136.4 !

1804,107.348

22,836 !1,791 |8, 120 .'4, 419

1,605

139 |4,656 |.348 !

23.835 j1,795 !7,990 I5,049 I

8,300 |

87 I4.857 I.348 j

72, 9001, 6737, 0905, 609

8,522 8, 732

68 i 1234,721 i 4,690.348 j .348

23,145 | r 20, ('451 , 7 0 87 , 1 0 46 , 3 6 7

1,557 I 1,522 j 2,107

184. 519.430. 217.7

" 4", 277 . /' 14, 12')1 '., 199 ! It, 44()

L"06 Ki j 23°, Ofns, 5<!3 | b, 7S1

3191, T76. 3 is

8.24. 78.6

58. 836. 9

44.2

55. 9

68.5

1,6124, .».'1S6, 499 i

1,730

2S^ 7s7. 231* 1

p n^ 60 2

1,792

1 2'-!. 20s

1, 357

b, 009

1,340

1

,"

o

05*017

16,

1t

~1,6,6,

\ 11551 1Osl62902'!

noi921

OIS1Sfj3 r.S,"008023394 '.5

1 0 1 . M>0i' ss "is6i 10, -<9si \ \ 'is!

l«i . 4 1 3

2\)2 2'A'». 071

!. M M

-•> I S

7, 152

> 17" 1."

! • •

2'\u

(

19~)i

s i22

17".7

1517IS

!

2,382 | 1,619 2, 181

78.479.940.7

109. 5

42, 971

37,605591

4, 775

43,774

38, 337584

4,853

1 269 I ],'>O2 f f 3 4 2 (»J1V u m i i ( %

' * 880 i S () -,i) )

1 9 If r

"SI 2 s

rl 0,86)i 1 > )20

43, 909

387 386589

4,934

5, SI2

2 "271 )9',

70S SJ

7( t h1-t' '

» 1 )

2 f>1

t) 1 1

if '> Ss

44, 075

38,419593

I

5, 063 I 5,102

\ SOS ' "),810

1,2 9 I 12°

2 ( 2\ 2 ' 211 0M7 , 1 097 i

"M 2"b S70 _»,i i1 j r > 2 0 >s~ 177 1I 71 , M) I (2 H)2

I '17 111 n l10 0 )0 0

]»7 S71 75 2,11 704 1 2\\

i'»7 (12 - 0 -8611 \2\ >(> ' .

7 O s 4 , ^ { > s•>71

44,140 j 44, 277

38.462 ! 38,502'"""" 566

62.9

124. 5

' 112.3' 115.5

71.2140.0 !

i , ,Mi I\2 \

70.9

69.9

45,039 j 45,890 | 46, 117

1 > t 9

2 f l <00

39,102

568

5, 370

1,916

] 2f(«

1 \)h

39,908 ] 40,028o54

5,534

22, t»27 2C

h 2 "10 V\Ul (h) V

\ 1

12 ()218,470

1,212524

2, 323

3,2241, 187

8705(2

1,067 ,

1 ?, 002S, olA

1,202552

2,342

3,2332,185 j

871567

1, 0H71 0/3

1? 4108,62 5

1, 189 i" 553 I

2,336 I

3,3491,197 !

5M)

j of 11, .12

12 T J8, '83

1, 194513

2, 348

3, 3281,200

"' 7P !

12 W*s, ( 13

1,198 j

2,387

3, 3021, 214

S3 4

2, IM

,-•> 1 > I1 )<) "v._1 > J <

:- , 1 '1 223 1

2 2S1, W

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2 1 1 >

1 1 1 - 1 1 I d " \ ^

I

I

2 1(9

v 106. 8p 112.0v 43. 0

p 145. 5

'47,170

' • 40 ,901r 593

.'. 6S3

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l ( 2 r1 I 1) S

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121

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824"70 "',7

1 OS! 1 1 0011 iH I 2ou

12 IS8, ISO

1 208 j515 I

2,387 I

3, 280 I1,291 i

(.01l.in '1, 2°0 1

12 500S, tji 2

516!, 390

3, 2571,298

82959 i

i,174523

2, 424

3, 2081, 309

Sr0

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1,1 db518

2, r,05

3, 21'.?1,352

J , 1 l o 1

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i3,251 11,380 I

sso0 0 2

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.'{. 334J, 409 1,472

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11

f H< \ i s e d P L ' r e l i n m i r \ « \ i r n b i - o f u r >t i n n . •> \ »r •i V n ' C J f d u n n ? t h e st c o h t i q u a r r ' J 01 l ^ i i ) ?* d u e e u I \ A m j n i l H i o i v u r p 1 i t i o r ^ M t i n m v M 1 ! 1

® E \ c l u d ( ^ c o l l e c t i o n ^ f i i T r i r a t n i u l i ' d i r s ' t ^ f s u m u r i a \ ( u u i \ t t o f l " 1 0 c f ' h ' 1 > 1 1 ' P I) i t 1 i c p o i t e d b s ( b o (. i n i l u ' i u i U ' i m i i e n t s e e i i o t e i i n ' ' 1 ' ^ i , n p -> if t •> • i n n 1 (

« J } ^ j ° r i m r c \ M f h ^ p i d N 1 0 , w \ c r c ' I r e i t l e p o i t s n o i n f n i r i n M ^ a n s i r e 1 1 ' k m i i l i » ( •r e n t i e i o i t u o a \ u l a b k a t i l u t m u )f ( H M i i n i l J i o n t h e 1 i s i H m , \ t t d r u u i e i < - t a i i u d i o i \ a i d i tif o r B e i j ; 1 u i L o i u r o , f o n i i r i \ m i l u ( h d 1 1 ' 1 , H I P S fv)i V f r i ( ' x . M d t o t 11 n p o HH\ i u o i > t h h u e v c i ' n U dr e p o r t e d f i r u i e s f o r H e l g u i i L o n L r o l n i O ' i n t * 1 t o 0 1 t w e e p V r<T d '* p< r c e n t o f ty • t n 11 » N m<\ n m ^ f e i t u ) ? u t di {owii<* ? c v i < <' r • ^ r , u ,i l i ' , 7 , 111 1t h e J N o v o n b m 19»O M u \ e \

* \ p \ \ ^ i j c , 1 i 1 (j i t 1 o n n o t M M e i ] t - b c . j n n n < J r ) P T i a r \ 1917 e e T i l 1c " 0 , \> I s of I I H V > \ < m l »1 1 J 4 0 - U 1 \ l * l i 1» ) t M » r '• i m \ | . r if ' t " 1 i ' i 4< r n i T 1

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"1 •! 1 HI! KMI1 I



1941

June

1940 1941

Juno July October Novem-ber

Deccm- jber i

Janu-ary

Febru-ary

March j April j May

FINANCE—Continued

P U B L I C F I N A N C E ( F E D E R A L ) — C o n .Government corps, and credit agencies—Con.

Liabilities, other than interagency, totalmil. of dol.

Bonds, notes, and debentures:Guaranteed by the U. S doOther do .

Other liabilities including reserves .. doPrivately owned interests .. . , do _Proprietary interests of the U. S. Oovorn-

ment _ mil. of dol .Reconstruction Finance Corporation, leans out-

standing, end of month: Grand totalt thous. of <Io»

Section 5 as amended, total do .Banks and trust companies, including

receivers thous. of doiBuilding and loan associations . . . do . .Insurance companies do ..Mortgage loan companies do. . .Railroads, including receivers do . .All other under Section 5 .. . .do

Emerg. Rel. and Censtr. Act, as amended:Self-liquidating projects (including financ-

ing repairs) thous. of dol.. jFinancing of exports of agricultural sur-

pluses thous. of d'ilFinancing of agricultural fomniDdit!^

and livestock .. thous. of <W._Direct loans to business enterprises (inoliM- J

ing participations)... ._thous. of dol..iAuthorizations for national defense under j

the Act of June 25, 1940*. ..thou" of dolTotal, Bank Conservation Act. as amended

thous. of dol _Drainage, levee, irrigation, etc . . . . . d o . .Other loans and authorizations^-. - do .._

CAPITAL FLOTATIONSSecurity Registrationst

(Securities and Exchange Commission)Total securities effective under the Securities

Act of 1933 .._..thous. of dol..Substitute securities* doRegistered for account of others doRegistered for account of issuers, exclusive of

substitute securities thous. of doL.Not proposed for sale do . .Proposed for sale:

Cost of flotation:Compensation to underwriters, agents,

etc thous. of dol._Expanses do._._

Net proceeds, total . doTo be used for:

New money doPurchase of:

Securities for investment doSecurities for affiliation doOther assets...- do

Repayment of funded debt doRepayment of other debt doRetirement of preferred stock. _ _ doOrganization expense doM iseeilaneous do

Gross amount of securities less securities re-served for conversion or substitution, total

thous. of dol...Type of security:

Secured bond's doUnsecured bonds doPreferred srock doCommon stock doCertificates of participation, etc do

Type of registrant;Extractive industries doManufacturing industries doFinancial and investment doTransportation and communications.doElectric light, power, heat, gas and water

thous. of dol .Other.. do . . .

Securities Issuedt{Commercial and Financial Chronicle)

Securities issued, b \ t \ p e o f s e c u n U , total (leucapital and refunding) thous of ( ul

N e w capital total doDomest ic , tot il 0L

Corpor vte total 'cBonds >n i note*

Loiif t e rm loShort tern o

Prefer n Mocks >Comn on stocks j >

. i(.;o

57

,452

,493

. I l l>, 499

•• 005

^ 1 I1 I _

, 977 7,842 I 8,400 | 8,403

5,1,1,

529 i343 1105 !40.5 !

5,3,

526351904406

5,811 !1.354 j3,234 i407 i

5, 8091,3561, 238410

8,406

5 80S |1,354 !1,243 !

412 I

3, 639

1,635,270720, 085

87, 7614, 3472.331

145,951475, 8563.839

19,915

47

525 j

130, 732

574, 558S3,596105, 797

S2, 5775,694

418

3, 844

1,651,829749, 921

86,303

I ! I3,003 3,558 I 3,580

1,651,616 1.621,602 11,648,746753,087 I 715,778 720.324

4, 2702, 313

146, 637506,6233, 775

.19, 784

47

521

129, 945

1,010

570,77883,29996,524

200, 313457

4, 140

76,464 I 195.71520,225 ! 429

85. 2264, 6252, 188

149, 737507. 6273, 684

47

520

129,371

2, 055

563,56183, 22399, 242

123. 242 I' 422

32, 246 ;

90. 57416,717

83, 8984, 5972, 176

151,456470, 039

3.612

21. 262

47

520

128,676

12,844

564,51683.36094, 599

15, 4055,851

109, 32414. 162 i

83.1104. 6902, 105

157.094469, 769

3, 554

31,785

47

445

8, 579

5,9191,4221,237

413

3, 526

1.697,38(5751, 498

109,2144, 5812. 077

159.534472, 596

3, 498

8, 526

5,9171,3951, 214

415

3,559

8,599

5,0151, 3891. 294

3,629

8,592

1,712,638 jl,804,379 11,940.015763,653 770,730 | 768, 5HQ

115, 0284, 2681, 09S

165, 118473, 881

3, 360

5,014.386

8, 096

5. 916

9. 377

('), 560 b. 3711,434

h 2 9 2 | l[ 391 I 1,432 I 1,492418 421 422 423

3, 666 j 3. 792

112, 02'i3, 9981, 906

308,044481,961

108,7714, 2021,790

i 69, 027481,977

2, 753

19 581 19,511 19,486 i 19,443

445

47

443

47

443

127,906 | 126,008 121,678 j 119,061

27, 316

504, 74483,409

63, 864

559.42083,. 507

92,772 ! 94,141

51,387

556,71183, 460115,875

71.249

649. 195

90, 930

3,

278,

101.748 I 3 2 2 , 0 I S j2, 862 | 0 i4 > 7 5 8 j 4, 859 j

154, 128 | 317, 760 j46,931 i 25,594 j

47

443

1.981,699773,899

105, 8084', 3681, 742

372,452486, 8772.652

47

443

117,464 I 115.827

468.85382,897

137, 171

S3. 10138!), 260

3, 184

102.7024. si:-?

2; 435

18.'Uo

47

443

114.47S

1*S. 244

460, 313

j 102, V2s

0 [ 2,3**7)() I 3,514

V,i \ 179,58420 1 18, 242 j 33Ji33

I1,959 I 4,523358 1,182

53,923 189,581

4,293

9, 030279

0

22, 984

2,0160

200

3,410 !374 i

70,074 I

3, 248 !657 |

91, 257

31,996 j 45,432

38,155 i 161,4238

2, 139 I

0 !18 i

9971, 909

1

18.039 j•537 '

60 I19,181 !

60 j

Si196

4, 36315220

37, 3422. 6941. 123

132 i

•,874 !. 233 I1,019 !

3,747 M 8 2695 1,626

102 755 ! 283, 60S

14,899 I 9,309

233

33, 863

4,612249

13,381820 I 173

69> 825 ! 223, 900681 I 1-934

9,427 i 18,25610 ! 0 !40 I 672

10j 6771, 226

354, 025

18, 165

152,84200

154,0662. 09325,711

01,14*

1,174 i874 1

159,294

13,069

01.372

0128,97313.0002. 268(")H13

2,088.893752, 300

99. 3014, 59}l,09ti

174, t>}0

Ib. ."vO

47

439

154,305

239. 194

4.'s, 1717-1. 497

I I i76,852 199,591 j 116. 7S0 j 115.167 j 273.307 ! 158,886 I S

58,1440

2,2646, 7999. 685

755 7269, 8354, 337

105, 14872, 00011,0409, 2092,194

3,97481,3962 186' 0

6, 65024.87816, 46557,91710. 870

2855, 20519.407

500

39,541 j 230,483 70,6077.1.4L'9 \ 1,70623,869 i 24,2tt3

7.397 26,578130 ; 35.672

22.59816.01619,37517,637

50 1, 731

6. SI5 1.779 i 49,9260 7,722 ! 200

„ 3. 17738.158 | 70.097

117, or,l i r , 3i»4N 9071 5 , :..")2

35

2:0

•<".$ 713 '

31 s.'r

Y',. 119

3/.505^' S32

'20122,411

46, 800

23,4930

13346, 038

' 5405, 069

0337

• ; : " !n I

H, r?2 12.1 -1

89, 839

J9, S78

11,3390

1. 5f»451.953

1.S02175

<• 1 0• V ' M ' 1 1 4 3 T 7 2 4 . ( ^ ) 7

0,353 I i_P,.W j1 . , 9}h'> I'v.

54,700 ! 111.676 ! 13,3192,210 I 359 28,323

50. 386 ! 189.8337. 058 700

78,052 ! 171,3601

78,052 ! 171,360 13. M.S 151.3H j10,734 I 1], 710 I 3 , ^ 7 ; 4,122 j

43.on2") '»70

0 i 2, !0s

5 1 . 3 H i S7 .729

' l f -)()

' ( H

91 )t

1 4S)

"11 S97100 00t( 0 I 0

n S35

4" 3s"

21231]i n

( "s

i\

or

400f)

"•711 0 ( 1

- " M l

r " SHT \~ ~ >K

1 (

1 0»0

"2 f 120

3° 42"1 899 1 [i

»0 ' I I) I h ' 1Ml 1*0 I I) I r I

i U. H I

2

4

i

03"01

f~

1

0

I

11

Is

\11 1

> i l lf 3i 1

t)

i -

r ) > I 1

• r1 j

t i

2 >1U

»• Revised « J_es^ J n n soOO Ît Hi ic n1 Include^ $151 JOU 000 in 1 ice mouT t uist ilm* 1 t e ntRevised s u i t D U i on s e c u n t \ r< 1 r n l m s n v i s

tion Finance C orj ( rat ion m l ( t h 1 s T uithoijz uoiadvanced in \ i i-\ir s I T I HI *" d u n i[ 1 ) } ') n \ n s i(issue. D a t a b(-iinni i:r 7 i h l'Ôfor "o f l i "1 n> nd iuf lorR F C to aid in nUion 1] di fn ( no^\ i r d L d t d iii U I T ; K I I 7 Uionssuch revisions are not c i r n t u into tl e U t i l l

*New sei les For d a t i b e ° m n i n c 1938 i( r SJ V >titut( MCU> tu , v i e t i l h t~, p 1 ol tht "Ncvunbi r 1 U(pat ions and pur r raso^ oJ Pipit i l«fork n onrnor m i <>< itr<l i-\ t* < K i r n n ^ n r 1 n I mai CM ( or})u inon t

i t rs i n ] ] ) it p m ' i u 1 i u t •> it n * of1 m i r 1 u\a n t t i n tk 138 r v l u d

1 u 1 i< r 1 ' r 01 1 f 1 l o m I n v ( 1 0 \ iu i 1u s i l o n \ ^ i h i i t ' i i M a ' J 4 1 ^ u x ^

t i n i Ji u < C ( . v > n i n o t h e r r< i : p r

tu

i ! •1 r 1

1 1 T i

ir( 1 1 )

t o o c ' '^ b s*

1 H) - 1

fl« ( i

1 1 nAii'hon/

h*T]< n 1 ]*

d

i th(

1 \

( i s l

1)

i i irûr (\p u n •in ii 1

J r f l

1 ii t ^ 1 ]

1 T et ift c 1 m

in c r,i h i t 1

of this A si

> n < t» t Ke(. t ( n ^ ' u 1 <M M 1 f IK. (D I i l f 1 ( r f t r

t s r 1 '1 n t i l c

10',. o i l

3'1. V>!

3, \<s:i

159. 771»

12.642

"' loo

144,3(f()206101

7') •

\ (r J J4I)

1 b \ Hiel i n e a r K

) I J ( ' ( 1 i ? T V f f


Monthly statistics through December 1939, to- 1941gether with explanatory notes and referencesto the sources of the data, may be found in the j y,,nr1940 Supplement to the Survey j

1940

June July October j "ovem-j De«m.

1941

Janu-ary

Febru-ary March April M a y

FINANCE—Continued

d > (

p * wf 1 I

CAPITAL FLOTATIONS—Continued

Securities Issued \—Continued(Commercial and Financial Chronicle)

Securities issued, by type of security-- Con.

TUmustie—f o'liinui d1 arm loan md other Gown** nt v "

f'H S ?1 Otii of ]( ' |MuiHcipnl, ^t itt, etc . . do ]

I o n ign, tot il doC oij)( r i te _ do jGowrnni tn t no ,I nii( d M it< po-iSi s K ns do ]

Ktfuud'Mg, tot ,il)nnu stic, to* ii

Corpor \\o, to* i1

Bond-, did nof^sLon*t. r nSnort b nn ! > j

Pit fern d <-* •» k^ no 1Conrnoii sto ks

Farm loin ana otlur g o u ' P ^ jcies 1 no

Mania ' / 1, StiU . offPon IUI , fo'al

C orpo* itv^ 0 \ ' r n i n e n tI n f c l M ">t <• r>< sôs>io is

Coiporah securinfo j >ut d 1 \ ivpt r t i l

\~< w i init il. totalTndustn dIn \ i s tment t iu^ t s tndips;,

coin]) u r n s etcL md, bu Idiue:^ < tc ao '"1 UMK utilities < > i - sK tiho idb 10 i 2^liinpmt.T md iiiiscell meous c o

Tiefun'i in, tOtaL. _ Jo 1' •>Indu tna l do ~lIn\e<-t ' iu nt t r u ^ b , f idi 'ig, m d p ' l d n '

T> md, b u i l d u p s etc Co ' >-v

Pub l i c uMUtus (o s iR-Mlrouis ? » I ' v

bhiijp]»ij[ m d T us(.el' in ous ' 'o I O'IDomest ic l^bde^for pi odu f t n e i csf 'M n ( f i^ i * .

T o t i l . x nixl o fd j ] !Corpor lie }iMunic ipa l , s t a t e , etc du j -

ff b,Jious

tlhlhous

3

h{

f

\^}(

0

III

(Bond Buyer)State and municipal issues:

Permanent (long term) thous. ofdoL.Temporary (short term) _ _. do

COMMODITY MARKETSVolume of t rading in grain futures:

Wheat ." mil. of b u .Corn . _ d o. _ _

78, 301

SECURITY MARKETSBrokers' Balances (N. Y. S. E. members

carrying marg in accounts)

Customers' debit balances (net) mil. of do]__C ash on hand and in banks doMoney borrowed doCustomers' free credit balances do

BondsPrices:

Average price oi all list*.-* w.nds (X. Y. S. V:.)dollars i

Domestic . . - do \Foreign. - . . . - - do ...I

Standard and Poor's Corporation:§ |Composite (00 bonds) ..dol. per ijWOO nond

Industrials (20 hoods) " doPublic utilities (20 bunds) do .Kails (20 bonds) . . __ ._ _ do _

Domestic municipals (15 bonds) .. . do .U. S. Treasury bonds t . _ do . j 11

Sales (Securities and Exchange Commission): jTotal on all roistered exchanges: j

Market value. .. . . . . . ..ihous. of (Lol._ 0",Face value _ . . . . . do _

On » \ v York Stock Exchange:Market value . . . . . .Face \nluo _ „ .

Ex( lnsivo of stopped sales (NT. Y. S. I".)!ac(-value, total ih<»us. of ilol

r . S. Government. . dÔther than U. S. Govt., total .do ..

.do .do i 1 i

616186395

i'4.S()9^00iT.75)

s5. 800 1

KU. 1

J2(>. 2

17:i. 21 .">

\ 2'l(i

Foreign.,

I!'.'. I'Ml.iiiu

! Is. lh>VA\ 1" i

sO 4 >S | 0 I

i 1 o( U, rs

0 |0

0 I) i

Us

0

I " I KM

12 000

0 ,

0 I 2 20040

!' l17

122 J' I1- ' »'• 1

)0 i

"i ! 1 I M

2 '( ) ' 0 '5 s "i 2

11 3,0

. ,3M00o0

ll> ()S!) 9S i

2 0 s , M i l

1 7 . i JS

111 2r0 77

00 '

4 : i ' i

101 '",h '1 700

0 i427 i

H 020

1 S I

0

•00 i 17s o i i >

ij213 I

0

0

9. 44086, 237

0000

223. 242223, 242115,288

r 83, 6800

31, 6070

4.00092, 829

0000

l>- \r 201, 9220 r 86, 634

•11 i 20,612

o

1 0 ,

111 -i0 lM

1 o 1) I is , in

1 " I'27 Hi2

1 307

i, nffO

246. 88S ! 178,06175,692 | 234,366

43270

sis267 I

00. \ i j

St. 708. 752. 0

114. 6104.8

495

642213376261

90.96 I

40.64 I

81.2 !86. 3 I

100.2 I57. 1

120.4106.3

89, 29177,354

45181

631215368256

1-: - o !43'. 28

Si 58(i. 8

12K2106.7 I

40 S

77,622 ! 182,403100, 95

36062

635218370268

117, 406

36066 !

653 |203 '381 j269 i

79, 802167, 225

40691

202. 40296, 146

28368

1 7 5 , 3 8 9

PJ.Os i9b. 56 i43.07 I

;122.3 ;107.7 i

I89. 2 "•

100.6 j(il.O 1

i 2 i . 6 ii

214383 1280 :

15. ',0

10(i. 5u0. 9

204427281

98. 10 !45. tf !

SI. 0 j

Kil)'.76!. 1

129.3111.8

661207399275

9-10597.16 i45.81 !

1 7 7 , 0 5 7

634199

0106

r 39,6613, 120

17.136115,288

r 41,500

02, 876

67, 6023, 000

309

1025349

104, 23863, 074

43958

633199387268

645, 44260,416

85000

850'174,738"174. 738-107,181

• 106, 472709

00

27, 72539, 833

0000

146, 65039. 470

8, 781

047

18.40!9, 1003, 141

•1 07,181r 37, 007

01.929

39, 1864, 00025, 05^

101,975'• 89, 394

90. 5101.2(H.3

I

90.317 81,388 I 67,05134,597 ; 121,857

74 484 ' 05, 5M0lU,u51 I 102,228

11)2,663 j 98, 120;>.077 j 2, I.'il

0S,0.v> ! 95,989M.i^.S 1 .N2,r-30I7.'J2S ; l.\30J '

')t.7(:l 1H..SS199,101 ! 1 4 s 956 • 185.154

•• !53, 571 i 7S, .r).;)8 ' ft3, :.:;282. 124 ! 129, 2(;o | 159,704

7i>, 7'i5 • IL'5,9f-5 i 110,»jsl2,337 j 1. 597 I 2, 4jt)

77,n(i« ! 121.'i-"> ! 14 S. Is")f)ij, 5»;>; ' id1.), 915 : r,/(t, ion10. SiJ".» I 1 i. 153 i J ' \ 025

1 117.''.So! 27(1. 012

1G1JN) 1

15(>. M-Ki '2.422

15t), 5? 1

92. 72 j*u\ so j45: 17 j

93 7397. 73"G 2b

85. 390.2 I

101. 361.3

125.4110. 1

89. 9100. 962. 3

125.010s. 8

I91. 176 I 118.851 i;«.: '/ 1

l i s , 219 j 235,872 ! 269,891;

606199368265

91.329h. 2547.01

<<>. S90. 2

1(11. 105 9

221,475 1Mb, 732 I 130. ODS75,909 I 96, KV2

230, 9S7:', 707

22s. 2s0

2 0 9 , 3 7 9 2 1 2 , 7 2 0

\>

r R e v i V d . ^ F ^ n r n ' r l y S t a n d a r d o i a n s i i r s C o . , i n c .' V ( , Y i v \ i s i o n s i n I9 ' . i ' . »d« i t i i i n » p i ( umiri iv<-u m-ii i-'niaiuiui ( ' . /«•-- 'c- .*c, M M - I I . U > - n . - u Li 4-

t o M a r c h - M a . \ 1 9 1 0 { ' m u r e - ; t i a \ e b e e n m : i d c ; i ^ 1 > > i I >\\ . m d P U . I L - ' . i d i u - U ' d : u ' c o i \ i i - , j i . > . li? i \ | i r '»($ 1 , 0 0 0 , 0 0 0 i n M a r c h . 8 5 , 2 5 ( i , ( i : ) ( i i n A p r i l , S 5 M M , W I K ) i n . \ h i \ : / . ' i u - i d i n ^ . - ^ i n . o n n ; n \\)nl. - > 1 / U , ' i ) j i n M a y .$ 5 , 2 5 0 , 0 0 0 i n \ p r i l : p u b l i c u l i h i i o . r u n v c a p - U a l , ^ " 9 0 , 0 0 " i n M a y : r e l u n d i n ^ , 8111,- ' ) ( • ( ) i n , \ ; I - I J , S I T O . O ' ; ' ) i n

* N c v v s e r i e s . F o r d a t a o n d o m e s t i c i s s u e s f o r p t o d i h ' t n v u s e s \n m n t i i n s ! ' . ; 2 ! , s r - e t a b . l e M, j ) , I " i>l O\>I R e v i s c d s e r i e s . F o r d a t a b e r r i n n i n c 1 9 3 1 . «<•«> t.vh\o 5 5 . p 1 7 1,; ihf> Uwi.iuor 1 0 1 0 M j r w y

H y t v p .

»i-l I MM . i r t .

111., e n p ) !

b

123, 617 211. 3s2 209, 471 j2.224 1. 117 I 1,497 |

V2\, J23 212 '«..") 297,971 '' j in!l,2f'M ! 199, 173 j 191, ss55 i 12 158 ', 13.792 | 13, (NJ ,

• »i (!ir Mafch 1911 Sul"\ r> . \#

M" term own Is and note--, newiriaN. new cupiial. .•M.O'i.i.iM1 in

5,44037, 436

0000

299, 089299, 089197,102

161, 7570

35, 3450

28, 30073, 687

0000

260, 97663, 87419,459

00

3, 77536, 715

3, 925197,102

51, 170

02, 875

i 38,'8820

4, 175

895435

116.326138, 683

548

622185403262

01.22ON. 0817. 07

h0 090. 1

101.266. 7

r 128. 1111. 1

119.2522!8, 02S

100,577196, 932

100,272

I»»x,:i24

\i VS.i

IdiliniihcapiJal.Murd i ,

S-18 SURVEY OF CTRRENT BTSIXESS H)41

Monthly statistics through December 1939, to- | 1941gether with explanatory notes and references j -to the sources of the data, may be found in the !1940 Supplement to the Survey I June

1940

June j July | August | t e -^P ; r | October ' N ™ ;

FINANCE—Continued

1 < > l i r u -

1941

April

SECURITY MARKETS—Continued

Bonds—Continued

Value, issues listed on N. Y. S. E.:Face value, all issues mil. of dol.

Do mestic doForeign _ - do__ _

Market value, all issues . d o . . .Domestic do _ _ _Foreign d o . . .

Yields.Bond Buyer:

Domestic municipals (20 cities) percent-.Moody's:

Domestic corporate doBy ratings:

Aaa doAa__ doA . d o . . . .Baa do

By groups:Industrials doPublic utilities d o . . . .Rails do

Standard and Poor's Corporation: §Domestic municipals (15 bonds) do

U. S. Treasury bonds ..do

4. 207

,r)j _ 2272' o i o

2. 953. 314 . 3 !

2. 963. 10

I. 'M3. 01i. S3

I. !»:>I. 57

StocksCash dividend payments and rates (Moody's):

Total annual payments at current rates (600companies) . . mil. of dol

Number of shares, adjusted millionsDividend rate per share (weighted average)

(600 cos.) . dollars..Banks (21 cos.) doIndustrials (492 cos.) doInsurance (21 cos.) doPublic utilities (30 cos.) .doRails (36 cos.) do

Dividend declarations (N. Y. Times):Total thous. of dol..

Industrials and miscellaneous doRailroads do

Prices:Average price of all listed shares (N. Y. S. E.)

Dec. 31, 1924-100..Dow-Jones & Co., Inc. (65 stocks)

dol. per share__Industrials (30 stocks) doPublic utilities (15 stocks) doRails (20 stocks) . . . do

New York Times (50 stocks) doIndustrials (25 stocks) doRailroads (25 stocks) do

Standard and Poor's Corporation: §Combined index (420 stocks) 1926 = 100...|

Industrials (350 stocks) doCapital goods (107 stocks).. doConsumer's goods (194 stocks) do

Public utilities (40 stocks) doRails (30 stocks) do

Other issues:Banks, N. Y. C. (19 stocks) do......Fire and marine insurance (18 stocks)

1926=100...Sales (Securities and Exchange Commission):

Total on all registered exchanges:Market value thous. of dol..Shares sold thousands..

On New York Stock Exchange:Market value ..thous. of dol..Shares sold. thousands. _

Exclusive of odd lot and stopped sales(N. Y. Times) thousands.

Shares listed, N. Y. S. E.:Market value, all listed shares.....mil. of dol...Number of shares listed - millions..

Yields:Common stocks (200), Moody's percent..

Banks (15 stocks) . do IIndustrials (125 stocks) do IInsurance (10 stocks) do 'Public utilities (25 stocks) . doRails (25 stocks) do

Preferred stocks. Standard and Poor's Corp.: §Industrials, high-grade (20stocks), percent..

Stockholders (Common Stock)

American Tel. & Tel. Co., total number. .Foreign do j 5, 609

Pennsylvania Railroad Co., total do | 206.050Foreign . do ; l, 581

U. S. Steel Corporation, total do j 164, 785Foreign do | 2, 605Shares held by brokers percent of total. J 25. 30

256, 85.S

IS. 3 13

to. 95121 57

17 t>l

150 0920 is

71 3^S 3

in ;

50. 9

93. 2

111.01''K, 0".'

3,")O, 1 4 >I.!, 7 91

39 nOSi. U,.\

0. 2t 2f 56. 1

030. <

52, 879

47, 66645, 894

1,771

2. 67

3 7°

2.963. .103.705.11

53,431 : 53,91448,903 ; 49,3904,528 ! 4,515

48. 602 I 49, 23946. 762 j 47, 285

3. 253. 334. 57

1,840

3.57

2. 885! 01

4^80

3.153. 234.32

1, 954

2. 853.033. 554.76

o. 123.234.30

49 4(<04 51* I

4", 69f

1,944

3.01 i3.52 I4.6f> II3.103.194. 23

2.442. 18

. 79

.01

. 48

. 56

.06

.18

.15

. 32

. 10

. 06

. 40

.48

.98

.14

. 07

2. 18

49 -204 ,49

-1), 83148 S7J

2 14

3.36

2.712, 92

4. 45

2.933.134. 03

2.071.89

54,139 j49 7 *<j

i 349 I10. 277IS, 97l . O ' l

'11 v

1 \u

4 2 >'1 27s

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3

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75953638

961790

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3.

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43

40

7«00

42

001900

2. 33

3. 30

2. 803 1) 13. 374.38

3. 023. 173. 9S

;•;

2

34

33

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34

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1.99

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1.813. 011. 772. 441.961. 29

239,426223.372

16, 055

53. 1

39. 99119.4620,1524.6689. 17

159,6118,, 72

73.384.8

104. 180. 075. 1

560. 1 5

487, 11620. 107

15, 573

38,7751,-; ,0

A. S5 9

1,694.82936. 43

1, 71-i <s.

1 S3

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1.81 '3. 0.11.77 ! 12.54 11.96 I 11. 29

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194,824182,232 34"12,592 '

1 6

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41.64122. 23

22 4228* 43 ! 2f s90.46 ! 92 2

161.49 j jf>4 419.43 I 1 ) 1

42 50 '4 402o '2 ! 1 1 4622 22 22 182f s ' ! 2s ,3

96 27~1 50

76. 187. 2

105. y84. 280.124.4

51.4

84.0

32

lu-t )81 8fO 32i 9

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21 05

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116 5 I89 6 !8' 0-7 0 I

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17 26 In o i j

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43 Vj

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55.6

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632, 398

320, S6O15. 191

261,3521«'. 82,

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39, 9921, 454

i?5.74.5

55 I

320 913 ; 472,74214.214

270.471

•Vii, 703 i 8"6, 452 j24,006 ! ;j7,022 !

I i

"05 193 ! 763.4S1 I1^,522 I 29,010 ,10.420 j i

7.616 j 11,941 j 14, H4 | 20.^9?

40, 7061, 454

5.64.75.64.8

5. 6

5. 10

41,492 i 42.^74 j 11, S!1,453

5 04

(31 313

3

5.44. o

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94. 3

706,231

596,8062\714

IS 400

41. £011 455

4 . , ' i5. 7 14.1 j6.0 !

4.35.7

5.96.2

4.87

4 '• *3 1>0

~ > i93 .

i' ~2!

8095

'18S7782"

55

95

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9

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519 3LV <•

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i 630,812

' L'01,Ss3

2 719 1

§ Former ly S t anda rd Stat is t ics Co., Inc.

ust 1041 SURVEY OF CURRENT BUSINESS S-19

Monthly statistics through December 1939, to- | 1941gether with explanatory notes and references |to the sources of the data, may be found in the ; , 41940 Supplement to the Survey j '' u l'

1040

June July August Sep- October No vein- j Decem-ber bcr

Janu- Febru-ary ary

1941

March April M a y

I\I)E\I SEs, .us

'1 - 1

\ i Ui id|Us vd dcI S m u c h in 1 M , ir> id ..«.->k 1

I n t \ ilur ( o

'1 DtU \ i lue , u n i ' j i i - .ua o\ d m a ini ' d lo

l i t ipc r t s tot co i M I L)1 I(JTI u i j A i i ' i ' l dO u m t i U " 2 i 2 - Ln

\ dliif il >T ii r \ n u t h>

A r m l l t i i ti p i o C i f t s q u i1 t i f \1 \ D ( rr " ( u oi I )' ii t

« ii i d i u U i i L i 2 ) = 100\ l i u s t C d<

1 O1 I1 ( \ ( Hid iL COU JiI n 1(1,11 a 1 d o\ ' j p s L 1 ii

I* ]){»i for f i i ' i i p tw n *X n a j ' i n ] d >\ « l n , U « ' d o

E x p l t ^ •( t n l I ' H ' i r ( v, {f[ n o , p ]B \ r i d (i is or., i n d < ii H i

\ 1 ' )( O 1 M v h t i t , T U t l l i 1 O

' i ( I f

N O I 1 I i > ( s ) U t 1|( \ I i t

V i i i ii )

^ )l 1 * 1 U I

\ * V t II '

13 i .1

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r o »TI u I i IT i n . r o iT o • t i t t d 1

" Id OO , | K i • i

l l \ ' ' <( \ tsi s i ' d t ( ( !/\ t l

> t !

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( c l i \

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M i \ ( >O l l f l . V T T T I C

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I m p M r i ( ) H M n i •>+ «c n t i l lB v ( a n o n io (\. M

C r u T i Me n , '( n i d i fo M i n"VI i i f >i> ] t MK m l • ( \ ( i^ t t i i i i u f (T u Î T) !]( d 171 i l l l i f i' i L T l

(I >

d)

h o i i s oi <{ 1

FOREIGN TRADE—Continued

9

12s •tu

t ( )

( $ '

127v '6

i

69 '

1 1 )

50

126S")67

79

130

2 3

i s

)U

l i ii20

' 01

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] ^ i <n111 102

I

i ( 2 s 2 i i 2( )

1 ' i M '19 (

l is 1

is

Is*

J -120

J , < ' H) 91 It 021) ' / ) • ' oO lo )» " i S ' > ' 6 l " , " S91 ( 0 10i L I | ' ) }ui i "> » I V s | 1 i 2( ' \\ *' > {> H

H Si 3 i 122 8 57 , 14 J 7)1 1 1 3 / ° ) ! T ' l i U 11S6" I t j20\ } >i Hi j l l j ' 72 > i e i ^

i ( . , i 0 1 0 I ^ 21 * • : i1 1 2 " ? ( u ) ' 10

7 i J I ( ^ 4 9 1 i MI 7 r

1 ->»! ' 1 I)

110 ' "i4i3 ! ^ j L J

1 1

1 2" , T 3 i U <" f »i 10 O'H

i f 00' 0 1 2 >«n 20o02 S i^3 S07

1 ' — i2\ i 20

4 7 S t |

"S .*!1 , _ , » i - . - I !

. ! ^4 t o o i _o r > i

, 1 f I ' 13 71 > !i i ,' > , M s s I

i i i P 701

2 ( ) | 1 ) 3i ~ t > 1 »l

1 n I . l ) .

7 > 0 i " )

in 3 " l n s^2 1 01 M-J ! 2 ^ ' i i ( .

t "~s,1 (> i

X !

1' l

10 2)12 (> 81 M 7

1 (>st

J 10< < 1

V] y

» 0 i ^ 3 ' 2 S 220, 2 T

M H U l p 0»)i' i ' .77

9_H | H iI

1 - ^ 1 , ' M ! i 1 1 " | 13 6(>-5

N 2A) ' X> s | 4 ' < , > 10 823I"1 1 t i s > h | j * J ' , j f f T ^ 2 | 1(^ i) ' 'l 20 i s 7 i-• * 1 ' i , s o 1 01 i

. ' ' JH ' V J I ^ ' 2?1 ' 7<> i 1 ^ 3 Ii ( > s 0 2 1 5 s i i l l 71 _> s 1 |

1 > L o I 20 1 ' * i 1 ' 2sO | U "' < ' 0 s7;> I 10 (2 V I 1} 610 |I ! 3( - > l l i J > | If , ' » | 1 1 , 1 1 1 1 ' 1 L • 1 (.19 ,

> It 1 >"* )"h , ' 4 1 / U 3> 1 ( 1 2 i 5s > --0 - " 1 1 . , '2 I T , 1U» . 1 . v | 1 ) 7 s _

1( 33^ j 6 )Sf | h 3>0 i 3 8 7 r % 105 d M l , 7 , , .2 " 2 ^ 34 0 ' i 3 0 "* 2 0"") 3 3 6 0 ' ,13 >s-, i 4 s 0_ I

1 7 , 1 7 ) 5 "> 70 1 3 6 1 ^ i " 0 0 6 9 0 2 11 t H" ~> i 9 (/01 8 O ( 6 7 , 1 2 ' I ' ( (S(» ,

2 0 ' 3 )7 , 2 1 ~ s ' s 2 l 4 , l O « , 19ti, 12 1 2 1 3 , 1 - ' * , 2 1 7 , 1 " ' ) 2 3 ^ 27 ,

70 i l l ! s , 2^ 8S 4 9 ) 1 80 113 I 4 s 1,01 o^ ^ s 1]() r t '2 6 1 2 J 24 <24 21 5 1 ) , l h 09 22 fL > 22 6 9 5 2 ' ^ 1 ,31 275 ' 22 7 20 "1-s) 10 ^26 ' 21 17( ? . U , M 4^> '4" 1h 1 4 5 H I j 50 542 \r 5 i n I 4 0 o i , ' 44 ( s 3 _ ' ( 9

39 <> 1 i \ i n 3 2 i fn 3 1 , >sJ 3 3 bl(» 30 , 2 4 '

8684

1248569

7170

1207058

137132

3.5, 355

22, 0474, 876

'! ,588L6,772

1

, (X\l2. 449( 1, 8860, 0225, 507

29,1885, 3009,2162, 955

3.7,95316,0923, 120

1 3 , 7462,887

10,8591, 9442, 0481. 530

69, 989218,126

25, 3796, 101

(0, 993."•28, 636

0, 20391, 417U), 39120,119

493531

259, 742

36, 58610, 48624, 474

7,743 !

46,83711, 18611,644A. 999

223' 595

8088

117 I8068

9493

1389468

8375

118 13368 8058 60

135131

141125

303, 413 357, 233

19,954 j59, 49811, 10896, 336

3750

77, 26965, 23364,41933, 010

9, 82429, 381

5, 2238,843 I3, 249

298, 27315, 234

3. 80016, 0102,841

13, 1692, 0982, 4952, 103

56, 973210,056

24. 0284, 250

54. 426233, 702

102107

146101

Sli60

232i>

!410

4736

SS62

2938

4T56

154159

35,12164, 75310,112

113,2331,329

095, 50909, 89868,616 I37, 20011,74537, 028

6, 40011,9924,463

350, 44619, 658

5, 86216, 793

4, 26212, 531

1,9333,3173,030

60, 644254,20629, 0843,733

61,604267, 784

8,739 j 11,59389,698 I 100,303

10, 48820,100

672295

2012, 58338, 59237, 83433, 9488, 936

51,246 i32,62413,295 I

07, 63330,29120,55247,13127,988

8, 12'17,941

635717 I39 I

9,443 i35, 42834, 28728, 072

7, 51653, 82511,73215,3839, 139

216, 623

91, 80531,21122, 94042. 20828, 458

385. 454

28, 35464, 092

S. 419145,004

6310

("I127,623

70,81338, 22613,19336, 681

5. 85S10,505

4, 107

370, 18516. 8574, 380

18, 2093, 963

14, Him1,7083,2413, 979

67, 004274. 054

28. 0422. 732

63, 751.287,550

106, 67432, 89226. 65257, 93630, 399

103,43736, 62133, 12566. 37735. 032

TRANSPORTATION AND COMMUNICATIONS

101108

14710169

384, 636

36, 92571, 078

6, 621110,409

100

103, 22881.10579, 01142,07113,77042, 989

7 09*13,177

4, 214

376, 35428, 047

4, 38925, 323

8, 38816, 935

3, 2622.4723, 923

55, 136267, 248

30.5113.391

59,(531296, 930

14.075115,24010,86923, 355

39868236

9, 57649, 50648, 19238, 70(5

8. 36556, 04814,43717, 1678. 200

281.351

110,77736,41834,37057, 86235. 925

TRANSPORTATIONExpress Operations

Operating revenue thous. of doLO peratmg income do.. _ _

Local Transit LinesFares, average, cash ratef cents.. 7. 8144Passengers carried f thousands....Operating revenues thous. of dol.

M1, S16

9,52871

I

9,415 9,632 10,055 10,624 I 10,54277 i 69 ! 87 I 82 i 67

7.8253 7.8253 | 7.8253 7.8253 7.8253 i 7.8253

12,70178

10,03268

7.8253 7.8253 7.8253752.776 j 724,390 ! 72(5,151 ! 762,107 I 830,741 ! 801,646 i 860,704 837,903 777,29455,935 i 53,574 \ 54,097 | 58,452 j 60,542 | 58,489 | 62,623 I 59,579 I 56,220

9, 9618

10,536 10,814

' 7.8199 r 7.8199864,644 ~- ' —

961,192 61,427

r 7. 80(5185(5, 23962, 347

IK. \it h e ' »•< u

1 1f m

1 io 1 )

i l . « { . i n n m g V u u i f JO.jfi M V p 4 5 o f th< J1 ) ' ' ' i ] i )• t s h < \ n - » s (i t o * I K S \

v 1 ('("• ! i r , r i i " l ) 1 5 f ) I ' M I i< N of a c r u u i t u r n i 1 i iT n , r f w i l l b c M i o w n1 1 * < M 1 1 l " M , " 7 i i i \ y n i ; \ p i 1 1 f > n i s i ' <

1 0 1 i i n . 1 1 ! % ' i 1 K < m i , ! J I I ' I M o i , ) i 1 1 > ! i i n n 0 1 1 . 1 1 1 1 \ 1 - 1 0 1 i s n

W 0 Survc*. V i< » nee r - ' trri >d revised beginning January 1938; see table 13, p . 18 ofiii i noiitbi <\n\ . H ill M<» short n in a subsequen t issue.

n in 1 -ubsLcjmnl 1 î]e

u 1 ID \ ii( I 111 , '» <-<(> I eh., 7,073; Mar. , 5,917; Apr. , 5,438; M a y , 6,824.



1940 1941

July AugustSep-

tember October I Novem- j1 ber

Docem- iber ;

Janu-ary


TRANSPORTATION AND COMMUNICATIONS—Continued

TRANSPORTATION—Continued

Class I Steam RailwaysFreight carloadicgs (Federal Reserve indexes) r

Combined index, unadjusted... .1935 3l>-looCoal 1 <<< .Coke ioForest products doGrains and grain products. *uLivestock . . . . doMerchandise, 1. c. 1 <loOre . . . . . ioMiscellaneous u<

Combined index, adjusted . . . doCoal. doCoke doForest products doGrains and grain products i( _ .Livestock.. . 0«Merchandise, 1. c. 1 doOre. doMiscellaneous <k

Freight-car loadings (A. A. R.):^Total cars _~ thoi sv d*

Coal . d >Coke (ioForest products doGrains and grain products . no.Livestock . <lc .Merchandise, 1. c. 1 - doOre.... - . - . . -1Miscellaneous do

Freight-car surplus, totait do .Box carsX doCoal cars I ao

Financial operations:Operating revenues, total thouo f fiol

Freight d( _Passenger.. dc .

0perating expenses ooTaxes, joint facility and equip, rents* . doNet railway operating income . . . doNet income doOperating results:

Freight carried 1 mile mil. of tonsRevenue per ton-mile pf ntePassengers carried 1 mile millions

Financial operations, adjusted:*Operating revenues, total mil of dol

Freight a- .Passenger . dc

Railway expenses d<Net railway operating income doNet income d»

Waterway TrafficCanals:

New York State thous. of short tons..Panama, total thous. of long tons..

In U. S. vessels doSt. Lawrence thous. of short tons..Sault Ste. Marie _. do . . . .Welland . . do . . . .

Rivers:Allegheny doMississippi (Government barges only),doMonongahela doOhio (Pittsburgh district) do

Clearances, vessels in foreign trade:Total, U. S. ports thous. of net tons..

Foreign . doUnited States do

Travel

Operations on scheduled airlines:Miles flown thous. of miles..Express carried pounds _.Passengers carried number..Passenger-miles flown... .thous. of miles..

Hotels:Average sale per occupied room dollars .. jRooms occupied _ percent of total. JRestaurant sales index . 1929 = 100.. |

Foreign travel: ]U. S. citizens, arrivals number-.jU, S. citizens, departures do jEmigrants do jImmigrants . . . . . . do {Passports issued . . . . do . - . . !

National Parks:

1,001LI. 0731. Si

Visitors d o . , . ! "^ 'iAutomobiles . . . d o I 17 '. !

P u l l m a n Co. : jRevenue passenger-miles t h o u s a n d s . , jPassenger revenues thous . of do l . . ;

r Rev ive ! d Deficit.^ D a t a f o r August and November 1010, V i r c h r <. M*New ser ies Adjusted dat< > n n n a m i i\ oper i 4 ioi s of I nl

facility a n a equ ipmen t rente i<? show n to p io \ I le u^riue- for Mthe September 1940 and suhspnuent lsûe-. of the s n r \ e v n1 i\ )

fRcMM'fl M U I S IT, ]( M s on •> 1't'." W b w M u n.n • lld 'JFor Tune 1911, d it * l e p n ^ ' i i t the d,\\\\ a \ei i°c loi CJIO \\

9-day period ended Ma> 31, I 'm

10. 537 j 11,6681,352.181 1,462,121308.644 363, 954114.749 133,979

" n•N bi*_ ii ni i°_ ' lpjif \r i,i tu>'i> ^ . p ifi. o f 'hc >opfember 1940 issue. T h e new series on taxes and joint

" i u r i " n l w i\ ^\pen v- i r i v i n in '1 e adju-V i t ' ^ i re* of financial operations; earlier da t a not shown inbi i r ( ' >\ di 1 u ' ' Lr ' pe if in- cvpen-( >> .nd ne r xailu \\ operat ing income from operating revenues.; v M I 1 1 ' in 21 22 oi 11 I iû^. v inie 1 on tin > i tu ida \ in n t^ t the end of i n " .nonlh . The .May da ta represent the daily average for the

\ u a i , - l I ' . I H SURVEY OF CURRENT BUSINESS S-21

Monthly statistics through December ISG9, to- 1941gether with explanatory notes and referencesto the sources of the data, may be found in the j1940 Supplement to the Survey I l u n ( > July

1940

A u ^ u s t ! tember I (• N o v e m - Decem-

ber ber JanuaryFebru-

ary

1941

March April M a y

TRANSPORTATION AND COMMUNICATIONS—ContinuedCOMMUNICATIONS

Telephone carriers:Oponuinc: revenues --. ..thous. of doi ;

Statioa revenue:.; . . doTolls, message. . . do . . '

Operating e<pi n<is _ - __ do ;Xft operating i.icwne - _ . . .do jPhones in sen i<v, iv 1 of month thousands '<

Telegraph and eal-'e cîrUrs:tOperating re\emies, totait --- tlums. of dol .•

TeVgraph carriers. total _ . do .Western I'tiii n T e r ^ a p h Co.. revenues ;

fn>r: rabie operations thuiis. of dol ,Cable fjirrit-rs . . . . . . . . . do '

Operating expeiiêst-~ . . . - . . . do ._ iOper-ji'nir incomet - .- do -Net incom.-'r . . . . . . _ . . do --1

Kfidiotcle:'i\iph carriers, operating revenues itriune, of di:l .

CHEMICALS

'IIMI, denai.ir<d:

ProMiutionSlocks end of month

\lci.hol, e*h\l. IProduction UKUH of proof gal JStocl -,. \\ iiehouêd, end i < month do !Wit l^lra,1. n »i<r di raiurii.g do - 'Withdi iwn. uw pcUd lo j

Kxpor's, refinedI'rue, M'firxd, \\h"l(-alc 'Production:

CIIKH' 'wood disHfed)S.wilhetie

.\ \ Y

p pSulphur production (quarterly):

Lonisima __ . .T"\ . IS

Sulphuric ncid • fort;h/cr mairnfaL Hirers;:Consumed in production of ferfili/e

'nis. of PHIdo .

l'"U^. (.fib

long fu'is.1

Price, v, holt sale, (Jo0, at v. orksd J

'Tt tons..

ProductionPurchases.

Fr.>m fertih/*From others

ir manuf'icturers

sh. )it tons

dodO

pTo f TtUi'/er manufactuurs doTo oih( rs . d( .

Stocks, end oi month . . di .

FEKTILIZ'EES

Consumption, Southern Statesihoiis. of short toiG

Kxporrs. total§ . long tous..Nitrouenous§ .„ - do . . .Phosphato materials^ . . _ . . .doPrepared fertilizers - .do

Imports, tofilcj „ „ _ . . . . . . . . . . (Jo ..Nitrogenous, total . . . . . . . . . do . . .

Nitiat" of sodsi . . . . . . . do..Phosphates _ do .Potash§ _. . . . . . . . . . ..lo _

Price, wholesale, nitrate of soda, 95 percent(S. Y.) . . . . _A\O\. per cwt

Potash deliveries . . . . . . . . . . .short tons.Superphosphate (bulk):

Production _ _. . doShipments to consumers . doStocks, end of month do . . .

NAVAL STOKESRosin, gum:

Price', wholesale " I I " (Savannah), bulktdol. per 1001b..

Receipts, net, 3 ports bbl. (5001b.)..Stocks, 3 ports, end of month do

Turpentine, gum, spirits of:Price, wholesale (Savannah) dol. per gal..Receipts, net, 3 ports._- . . .bbl . (50gal.)..Stocks, 3 ports, end of month do

OILS, FATS, AND BYPRODUCTSAnimal, including fish oils (quarterly):

Animal fats:Consumption, factory ___thou.s. oflb.Production . . . .do . . _Stocks, end of quarter . do . . .

Greases:Consumption, factory . do . . .Production . . . do._.Stocks, eud of quarter..... . do. _.

106, 06369, 74127, 42468, 99518, 40419,108

11,11610,198

569918

9, 621759466

1,177

106, 59368,97228,63671, 85019, 20419,138 i

,0,773 !9,906 |

543 j867 I

9,873 !204

* 293

1,149

107, 35068, 74929, 72270, 88520, 56019,211

10,96910,188

433781

9, 783443

1,083

107, 85270,11728. 78169,71116, 17419, 334

10, 8489,882

415766

9, 40950394

1,110

11373,31,722319

11

087025034841004446

44210, 622

91

1

441821695012536

267

no7229771719

10

544118343106933547

6429,872

9

1

424770498465

d 38

179

114,76173,97931,47175. 65021, 98819, 670

12, 55711,654

540903

10,5861,291

872

1, 348

114,68474,21431,07773,93422, 99819,833

11.18210,294

494888

9, 82161496

1,290

111,21972, 75229, 25070,64822. 97419, 966

10,6679, 832

451835

9, 290667202

1,253

116,88374. 58532, 97573,40324, 89120,107

11,96110, 982

525980

9, 8841,303

896

1, 399

118.7533'.75.24',20,

12.11.

10.1.

1,

132598238390502232

430473

51095729 S359879

318

119. 93375, 70934, 78377, 57624, 04920,366

12,85011, 830

5141,020

10,6911, 330

873

1,354

CHEMICALS AND ALLIED PRODUCTS

tMous. of v, me p>d |do . j

'J 22 !10. V)\

9,625 I9,707 j1,662

21,42321, 79917, 4903, 380

53,341.34

4263. 426

32, 877

149, 995525,157

137, 321

16. 50176,846

18,01336. 029

34, 53457, 34490, 971

12290,06115, 37966, 619

37299,00283, 70762,5983, 38610, 349

1.45027,054

327,1696J, 120

945,712

9,49710,4432,605

22, 45722, 39319, 6212,020

74,295.34

3903. 852

33, 340

11,19511,510 I2,919

24,09423, 64520, 9181, 424

228, 961.34

4083,788

35, 036

14, 15713. 6942,445

15, 56615, 0981,975

134, 050

16. 50180, 553

24, 13332,517

44, 06355, 43394, 628

72122. 83721,02186, 672

630117, 250109,61882,342

97,441

1.45039, 212

323, 56727, 584

1,010,047

1.70 I 1.4243,411 46, 132

529, 41G 519, 556

.2611,30253,345

.2712, 34054,488

153, 215

16. 50194, 664

30, 78231,476

45. 68060, 92391, 732

61178,47430, 321128, 907

88189, 89175, 54252, 7033,1368, 829

1.45037, 998

361,38745,389

1,091,183

1.6948,389

524, 212

.2811,49055, 809

21,559 ! 23,35018,480 i 13.47124,218 25,5522,045 I 2,357

198, 332.34

3663, 549

37,180

137, 445573, 421

162, 302. 34

4634, 408

37, 740

140,444

16. 50193, 243

33,81327,163

42. 58259 393

103, 532

142144,34829, 729100,713

53671,03861,45637,610

3647, 787

1.45051, 213

327,117130, 823

1,135,17!'8 1

1.6140,190522,181

.319,762

51, 053

169, 878

16. 50222, 476

38. 36125 j 518

48, 63565,817105,557

1.47046, 003

404, 46798, 210,201,715

13, 54413,1581, 586

23, 35410,02723,1102, 959

191,739.34

4684, 440

34, 444

12,44112,2151, 360

23,7629, 503

22, 05(52,128

267, 077.34

4843,913

33,461

.I 103,675- 567,698

1.6739, 820

528, 065

.358,364

44, 961

179, 677

16.50216, 290

33, 22036,184

43, 01457, 475110,939

105116,41615,89188, 409

42863, 85256, 36228,478

6375, 625

1.47051,644

398,34145, 649

1,244,655

1.8735,018

542,091

.397, 793

44, 488

231,581 ... . ! 235,774610, 030 508,543 I.633,821 I I 557,921 I... 600,347

178,193

16. 50223,131

22, 94132, 732

36,37774, 927100,246

182136,58116,486112,063

33062, 70650, 24527,7183, 1797, 903

1. 47036, 833

425,11843, 192

1,285,408

1.7234,098

561, 241

.386, 986

40,016

10, 19910,6101, 468

10,55810,5561, 465

241119

1

14

224963434742

283.34

221219

1

102

030166070766

711.34

4503, 420

36, OSO

184,149

16. 50221,788

32, 57038, 659

36, 11681, 59191,407

518109,6549, 33687, 698

46587,11581,08534, 3322, 1122, 765

1.47051, 502

408,19255, 997

1,264,881

1.7317,906

560, 045

3,02735,421

4353,171

33, 631

162, 306

16. 50226,069

26, 34325, 650

37,31169,514100, 338

76294,31611,03176,333

49S95,47492. 20340,254' 3531,430

1.47035, 536

384. 548110,4381,202,767

1.6511,941

542, 446

.392,158

33,906

13, 33913, 1921, 313

21.70211.12723,7052, 735

94,467.34

4553, 673

35, 722

138,880547, 686

177,376

16. 50234, 026

25, 30933, 008

39, 08278, 09598,151

1,36590,25510,67474, 162

686152, 323134,29084, 3371, 08614,110

1. 47029, 802

435, 675183, 5601,074,842

1.789, 996

523,594

. 394, 682

23, 682

269,361 ! i ; 291,452672,886 ! \ I 617,500

! \..\ 623,896

89,978 I . i i 82,409 L . ... ! | 98,639 j j | 104,910109,979 I .. . _L_ ! 104,520! ! I 126,451 I .. J .. I 120,557122,330! .._! I 121,217 !_.... ; ! 134.002 1 I | 130,401

12,45112.0541,511

26,21811,33022, 7*92. 449

01, S3!. 34

3. 09831, 980

10. 50218,840

23.21530, 922

53,42907, 38793,950

1.39074.71510, 74840,4811, 5S0

120.330100.73789, 5053, 5511.S9]

1.47024,477

397, 497373, 810777, 152

19.337505, 860

6. 35825, 022

14,88914.7141,329

29, 60010.00020, 5263,012

48, ,r>8().34

37,891

170,465

16. 50217, 063

39, 14032, 714

75,' 11778, 756

25881,971.6,014

74, 082317

99, 07370, 03042, 1341, 1941,512

1.47013, 232

419,411165,359770,723

135.

190,

8,27

.87035180

. 43198318

d Deficit.f Re vised series. Data for telegraph and cable carriers revised to exclude data for radiotelegraph carriers; for revised data beginning

ber 1940 Survey. Wholesale price of gum rosin revised beginning 1919; see table 3, p. 17 of the January 1941 Survey.§Data revised for 1939; for exports, see table 14, p. 17, and for imports, table 15, p. 18. of the April 1941 Survey.

1934, see table 48, p . 16 of the Novem-

S-22 SURVEY OF CUKRENT BUSINESS August 1941

Monthly statistics through December 1939, to-gether with explanatory notes and references jto the sources of the data, may be found in the1940 Supplement to the Survey

1941 I

•Tune I JUE.

1941

July Sep-tember October i Novem-!

ber IDecem- I

ber iJanu-

aryFcbru- I

ary March

CHEMICALS AND ALLIED PRODUCTS—Continued

April ; May

OILS, FATS, AND BYPRODUCTS—Con. |

Animal, including fish oils (quarterly)—Con. jShortenings and compounds: j

Production thous. of lb__jStocks, end of quarter.. --.do

Fish oils:Consumption, factory . doProduction ..doStocks, end of quarter . d o . . . .

Vegetable oils, total:Consumption, crude, factory (quarterly)

mil. oflb. .Exports . thous. of lb.-Imports, total§ do

Paint oils- doAll other vegetable oils§ do

Production (quarterly) . mil. oflb. .Stocks, end of quarter:

Crude _, doRefined.... _.. do

Copra: jConsumption, factory (quarterly).short tons. JImports . do jStocks, end of quarter do |

Coconut or copra oil: iConsumption, factory: j

Crude (quarterly) thous. of lb . jRefined (quarterly) do j

In oleomargarine . do \Imports§ doProduction (quarterly):

Crude doRefined . . do j

Stocks, end of quarter: jCrude_- do |Refined do |

Cottonseed: |Consumption (crush). . . thous. of short tons..!Receipts'at mills d o . . . |Stocks at mills, end of month do j

Cottonseed cake and meal: IExports! ------- short.tons.. •Production doStocks at mills, end of month do

Cottonseed oil, crude:Production thous. of 1 b . .Stocks, end of month do

Cottonseed oil, refined:Consumption, factory (quarterly) do.-. . .

In oleomargarine do...-.Price, wholesale, summer, yellow, prime

(N. Y.) . dol. per r e -production thous. of lb._Stocks, end of month - do

Flaxseed:Imports thous. of bu. .Minneapolis:

Receipts --doShipments doStocks .. ._ do

Duluth:Receipts doShipments doStocks- - . . do

Oil mills (quarterly):Consumption doStocks, end of quarter do

Price, wholesale, No. 1 (Mpls.)--dol. per bu. .Production (crop estimate) thous. of bu . .

Linseed cake and meal:Exports^ do. - . |Shipments from Minneapolis _.do j

Linseed oil: jConsumption, factory (quarterly) do 1Price, wholesale (N. Y.) dol. per lb._Production (quarterly) thous. o f lb . .Shipments from Minneapolis doStocks at factory, end of quarter do

Oleomargarine:Consumption (tax-paid withdrawals) % .doPrice, wholesale, standard, uncolored (Chi- I

cago) dol. per lb__jProduction J thous. of l b . .

Vegetable shortenings:Price, wholesale, tierces (Chi.) dol. per l b . .

52. 409225. 741

42, 4C152,541

70, 4?;-;309,589

1S5l,hS5

310230

1.87MO,018

. 108

21,050

PAINT SALES

Calcimines, plastic and cold-water paints:Calcimines - thous. of dol.Plastic paints doCold-water paints:

In dry form - doIn paste form do

Paint, varnish, lacquer, and fillers:Total do- . .

Classified, total do . . .Industrial doTrade do

Unclassified do

25, 083

. 133

202

262392

287,99852, 880

47,4025,843

166,507

296, 179 ;.48,144 I,

332,320 |53, 700

43, 95842,816 L

174,462 L

51,81891

7568, 648

78,21415,79162, 424

558

713684

70,21717,45446, 933

146,15658,492 j

1, 575

10 °4596^ 62919.53377,096 j

11,695 i74,85410,839 !64,015 !

i

9, 68057, 9772,745 j

55,232 |540 |.

737 I.452 L

13,38364, 4606,02758,433

7,29054, 3661, 300

53,066

.1 199,458 IJ j

.1 1,012 I.i 9,318i 68,389I 1,625j 66,764 iI 1,184 j

355, 69846, 417

15,846157, 223

51,3201, 239

50,081

37, 27561.097

43760, 660

935570

1, 0961 2, 68557. 6724, 626

53, 0461,059

11,246 ! 11,017

19,137 20,57S ! 11,980 | 26,861i 29,293 j

30, 58469,664 i27,606 I34,797 L

34,294 | 16,271

914637

69, 42320, 3 9934, Sol

82. 1354, 536

59. 5595. 466

26, 729

87,781 !_69,451 j.

1,26136,659

1, ISO26,286 |

148,24556,2481, 142

21,684 j

73,038 |.

1, 46436,157

1, 66434,412

150,410 !52,296 |-

202,239 I 209, 674

1,52840, 224

87, 88373,938 !

1,28022,157

15,083242,97314, 123

| 161.405! 61.126

1,296 i 1,42432,207 | 25,831

I 86,25180,703

1.3SL 1,46841, 155 2s, 273

23 !63 j

31 \26, 165 i

110,909 |

19,396 '66,131 I

316, 196 i.7,392 |

. 060 !51,091 ;

553, 395

421840

19, 56679, 501

14, 12337, 352

125 I86 |

140 !36,303 !57, 539 !

23. 15821,207

353 !

599 !333 j

40 !

155,320 !95,884 |

110,592 !80,274 |

312,007 '

1,1,

312.130,

700407040

140138714

1,

286,153,

644766162

138890465

224,625148,288

205, 192182, 533

8,526 I 8,275 | 9,956 j 11,827 i 10,908

544657

1, 276

185239, 375175, 700

| 174,151j 176,626 j

' 328,495 I

560361

1,076 |

91248, 916215, 358

179,475176,425

.060 :45,862 ;

493,658 I

.056 !34,262 !

412,564 j

|

. 056 J46, 171 j

348, 042 |

16 L I123 |519 |

53 |

130 |

6,637 '3,148

42 |38

248 I

63 j183 i10 i

7,307 |1180 j

1,566 |244 {

5,813347 j

7,073 |

2,293 !1,691

.054134. 368356,104

704

1,226234

7, 363

517674

1,778

.057158,418400, 259

i

1,093 |I388452

6, 232

5372,042

458225844

54201, 822252, 947

147,702 |176,281 j

209. 94015,550

373147617

6

165, 520245, 634

122, 833167, 195

. | 350,74713,107 13,450 j 11,626 I 13,142

6,9437. 038

1.48 1.59

.059168,517458, 335

407251

5,410

61220118

10,083 |",077

.064 j179,925 i484,764 |

1,482 j1

476 |

4,739

168 i11 I

275

.062 i145, 105 i507, 248

1,285I

414 !133 |

3,952 I

1591

434 |

1,926 |10, 440 I

98,977 !.099 I

128,383 !_14,450 j

132,881 |-

56 !18, 560 !

.092

1.021 I22,700 !

.087

15929,440

101,652 L.084 j

135,389

62934,900

28232, 440

.083

14, 350 14, 550 j 16, 600 I 16,600

! I 115,135 I

19,517 | 22,066

. 120 !19,870 |

. 12022, 021

.095 j

247 i43 I

207 ;316 !

22, 498

.11821, 664

.093

25,719 ! 29,489

13, 250

19347

199251

20249

183295

36. 271828

34, 05624,278

052 !443 |

9, 89514,3839,779

34,99124, 97310,61914, 35410, 018

.11526, 542

.090 I

21350

193311

33,937 I24,101 i10,502 i13. 599 !9,836 i

.115 i30, 160 I

.086

181302

37, 74827, 34712, 59114, 75310,401

30, 854

.11530, 002

14040

158273

30, 79522,81911,33611,4837, 976

1.64 |1 31,217

1, 51244,400

.071123, 772505, 219

1, 223

71874

3, 020

159

593

10. 228

Ls551

269

21NO, 3*6

255, 028

30591

403

31

256! 255

102, 19(1128,451

. |12,896 11,444

.086 .105130,(592 i 97,773475, 849 422. 443

4, 1591.80

42, 920

100,837 ! | 106,78'

34 230, 760 27, 800

1,280

|139 !

2, 743 !

193 |10s !019 i

721140

2, 299

416381

1.93

.088192, 18510, 850

153, 820

31, 118

.11532, 457

15044

138259

27, 32620, 47210, 7859, 6866, 854

.095

~14~350~

. 099196, 281

14, 950 18, 900192, 850

33,835 27,869 | 34,328

.11834,030

20835 |

146294

33, 40824,60912, 20612,4038,799

.12028.103 I

.094

.12533, 880

.097

1,201 | 81330, 080 20, 240

. 107 i . 108

21,000 ! 20,300

30,579 I 20.853

182 I

43 j159279

32, 538 |24,01312,177 !11,8378,525 !

30143

202376

38, 54128. 24513, 75214, 49310, 296

. 13032, 179

.111

342

f 2664*3

.13027, 693

23360

289513

50,029 | 56,05535,160 ! 40,63615.240 j 16,33719,914 24,29914,809 I 15,419

-' July l estimate.° Less than 500 bushels. r Revised. 'December 1 estimate.§Data revised for 1939; for exports, see table 14, p . 17, and or imports, tattle 15, p. is, of the April Purvey.^Production and consumption of oleomargarine revised beginning July 1939 see note marked "X" on p. 40 of the April 1941 Survey.

SURVEY OF CURRENT BUSINESS S-23

X-jm.hly s-'Utisuos through Ur.'omber IR?9. io- I 1941j^ln/r .vUl; explanatory n-r.es ,•.': ">;>re::;ros jtc th-.3 scurces of ike data, may be found iii tho ! 510'iO Suppl'b'neiu tj the Survey ' ' ; June July August

1940Sep-

tember

1941

October ji

I No vein- Deeem- Jaim-ber bcr

Febru-ary Alar eh I April May

CHEMICALS AND ALLIED PRODUCTS—Continued

CELLULOSE PLASTIC PRODUCTS |

Nitrocellulose, sheets, rods, and tubes: jConsumption thous, of Ib_. jProduction do jShipmentscf do |

Cellulose-acetate sheets, rods, and tubes: |Consumption thous. of Ib.. _ jProduction do.Shipmentsd11 - do..

Mould ing composition:Production do...Shipments t- do.

ROOFINGAsphalt prepared roofing, shipments:

Tot.a 1. -\ . '. thous. of squares..Grit roll do___Shingle? (all types)... do . . .Smooth roll _.. do -. _

2-121,387],475

IK513

2, 284

770850

6634562

871682

2, 707734

1, 076897

168899955

5654.08

897

2,982827

1,166989

168890970

7773

1,4231,342

3.4841,0121,2931,179

2801, 0931,113

8826755

1, 7091, 501

3,9471.1381. 3581 4 1

2471,0961,136

9983944

1, 9261, 783

4, 2541,1471, 37011,451 I 1,737

2071,0611,131

5934

1,037

1, 6061,410

3, 006888881

1, 238

1,1,

1,'

2,

183109068

8867733

435317

163769570824

1851.1671,112

7617675

1, 6321,584

2, 2-19888533828

2301,1321, 145

3344335

1,8791,642

2, 515811690

1, 014

!

2491,3081, 233

10465373

2, 2321, 991

3,105801

1, 0381, 266

1,1,

o

3,

1,1,

!

217420267

12402408

255102

141806255080

2151,3721, 315

14524472

2,3192,146

3, 753987

1, 5641, 202

Production

ELEC^Kir

, total*B \ r,1, T<

1> ajid

Himaiel n ^ itu

t] )r jc,v m l ii• i t ' m d

1 ' t l i r( h 'h \

c tut• f>T iu r j i

ceL I

cv\U ,

V1 i (

, >

ll()A

i1 r

1'

11t

u!

1 POWER

Ii l! Of

Ii ll 'jl

It )

' rh 1 r u

k\v »

do'[O

< l e c t

( h ]

>

< i

! ! <

dC )

ELECTRIC POWER AND GAS

(Ldu.< n J Irr *T

Mai 'u ' c t u " d s. i-C u^t ii i , s , U/ d

l;oi ust ic . . . . .JI, 'isi lieatinn-I n d u c t ! i"i 1 r am ^r i

Pales t< (VJC, iijjr° loi i

b i b

IJoncv J f > a [ H o• T,] - O 1

' '3

rai it

i 1,489

4' 2x7

U , 1 i1

r>, ^791 7*9

12, 004

7, 9314,160

10, 949

12,444 11,981

8, rlt]u, 96S

11,22,J, Lib

10, JO"

F, 129

\7r»9 !4 or '

130 !? i '43< |

. i

4,MO

K.6212411

i l

1^,05" I 12, "65 I 13,456

0,T',n I 8,7316 I i l

10 796 1J,"O21 1 8 3 rJ1,18 j L , 3 r ) J

1 0 .>",7 | *vr<>7 !

1 -91 I l , ' » j - 12tO I . 7 " j

222 '412 ' l1

9 057i ' 399

1,337

10, 895

13,641

9 0544, 587

12,3111, 330

11, 3822, 396

130

2, 034 2,1265,448 5,616

217 I 215248 ! 254

580

10,012M.V0

[0

N . , 9 ^ I 10,0~2

M'. IWI o ; r ^2 / , (i2'S

201, %

67 65

201,*!"4 1 L,0V>M i :>14,1C ! 219,913 j 228,1.59

10,061 j 10,110 j 10, M'2 ( 10,1159 Vis

10,15f9, H94

292 j 3043 ! 461 ' <*£ ! 4^7 i 4 IS

25, U)5 I 2 V , « 1 ' «il',t)><} I 33, o U 37.04.)14, "o7 i 10 ,7 (0 ' 17 <0 I 15,6L 5 15. V. 2

r ' i 1,241 ' 2,^7 7 , 2 . 09,156 10,41*1

I'), 1

NTnrui il J J^(V .MO' I 'P S tOl Ii .

I'i h ' ' ' ' nd < /! fn ?(.! dC ^ ^ to ! OT ' , H ' . f H J

In TJ , K II ] i d ^K( v' ur , rt 'in - k< r,

; , 9 I l . ' O ,

1 0 , ^1 0 , 6 9 9 | ] L , 0 i l 0

4 1 ]7t . 'i oil

A in ft

lT1 1 (C W (" ell do

0 'M i

' ( 't i

7,0 7, 1..S'M4

10,1069, 350

2S2465

37, 95017,3129, 60S30,791

35, 157219S8

34,904 35,15721,620 j 21,9S80,1 ?.O 6,10"

6.918

12, 293

8, 3813, 912

11,0271, 266

10, 8012, 195123

2, 0095, 45618525151963

217, 629

"•0,1'99, 3^3

SS,()iO16, 99710. o(;510, 7Cl

3", 1662w2i7

6, 7M6. 987

1 j l « 0 , ' ' s j U f ) , 3 - J 1 4 7 . 0 7 1

? .(»(i 3 4 f ' ±7 I 4 9 5 1 5

591151,963 ]

Tv\ Q737?*, -( < S i , !(»«' \ ' l ) i | (U, " ? i 95, 510 i 95, 21-1

2 S 2 U ) ! . f , 4 5 S | , 7 0 0 | 4 1 , h i s J 5 1 , 8 3 8 | 56 ,464, ! - . , j { j v i 1,1,w 1 j( 7 {) J . ' >!77 ' 3 0 . 9 7 5 | 34 ,8S5

0 . 1 11,74 ' ) ! i 4Ju >>,7 7 I I 8 . d 7 i l'0.5fe;' 2 1 , 3 2 1

FOODSTUFFS AND TOBACCO

7,194 7,170 I 7,1.-2 7.11;3

13, 095

8, 7004, 388

12, 0611,034

10,8952, 0G0

117

1,9245, 750

179248553

212,603

10,1199,351

2^0473

38. 02516, SPfi

<», 45311,457

34,48920, 851

12, S85

8, 0514,834

11.5751, 309

10, 8091, 990

131

1.0275, 821

160 j241

'13,6.16

r 9, 363^4,253

12, 105

29547^

35, X i;\\). '2\u

6, ( > I11, s:-7

32, li.-)]

«| 11 I

l . " 7 , O i l I l r < 0 , - 3 i )

56,911 I M.W9 , U0e.7, 356 ! 50, j : , 2,';•», osfi ; :;3,90721,920 ! 2 1 . : H H )

r, 2i»!

I I ! , J M

ALCOHOLIC BEVERAGES i

Fernit'Tit.'d malt liquors: jrro-hu'tion . _ ..thous. of bbl | 6,055Tux-pnul withdrawals .. _ . do ___j 5,61sH t l do j 9,000

|1*2.4079,2S7

551,421

5. 5975, S.".G9, 019

10, 65810,862

i, S24525, 395

8,1878, 331!,:-70

5, 8515,3209,324

7, 5817, 634

702523, 596

5, 2005, 475

589

55

s'6,4,

521,

3,

074393776

742850504601

25261741?

518JG38 j 518,' 358

10,303 i 11,7618,982 i 10,529

930 1,096

522,699 530,859 536,917

12,2557,331

13, 532 I 12, 6585,019 5, S34

Distillc! spirits:Produftioii. Hums, of tax gal.Tax-paid Yv ithdrawals. . . . d><Impor t s . . tliou.s. of proof ',\\\\Sio^l's . .tiious y. t*tv f ai

WhiskyProduction ... do _Tax-jia'M withdraw a's .Imports . - . --Stocks . _.

cflncludes consumption in repot-;me: conjpisiiV j)lants. TTOxrludes consumption in reporting company plants. T Kevised.tRevi ;t'd si ne^ TNlanuf'iftun-d and natural'tras re\ iêd boaihiiing January 1929; earlier data will appear in a subsequent issue. Revised electric-power sales and

revenue from viles Derinm.ie 1947 will be shown m a subsequi>nt issue.• Monthly 'Inf. for 1920-3j (nrresp'}Tv'lr

ijr to avcnipt-s shown on p. 97 of the 1940 Supplement, appear in table 28, pp. 17 and 18 of the December 1940 Survey; reviseddata for :u! months of 1940 are J i o u n ( " p. 41 vr the June 19 U »Surve>.

4, 0014, 3008, 314

16, 7018, 176

770519, 017

6, 7626, 354

3,9154, 1947, 840

21, 48711,494

3, 3963 7657, 325

13* 1731, 240

3, 6063, 7777,001

15, 7128, 9581, 386

3, 8633, 2007,483 I

16,0156. 043

f>76

3, 6003, 18")7, 787

15,1316, 974

630

4, 4343, 7-s'O8, 255

15,4758,458

879541, 932

12, 6026, 637

5, 1294, 5228, 642

14, 7258,0111,052

546, 764

6, 144

99

5/)8

1491,

549,

12

8393fi0834

728

535788

027

chou-- nfpr',of «••: I. !,:-70 589 413 '601 930 1,096 1,270 I 510 568 812 I 991 I 1,448. . . . thous olHx'J" 1 ; 501,077 I 4S0, J38 1 479,189 477,484 I 476,980 I 476,298 | 475,611 j 479,102 | 486,133 I 491,301 | 495,735 | 499,854 ! 502,847


Monthly statistics through December 1939, to- 1 0 4 1gether with explanatory notes and references '~—to the sources of the data, may be found in the i -rn, r i1940 Supplement to the Survey j '

1JMO 1041

June July temtTer I O c t o b e rNo vein- Decem-

ber ; ber

FOODSTUFFS AND TOBACCO— Continued

Janu-ary

Febru-ary March j April May

18

6(39

\ 7.JU'02

3, «; /J

34

IS6S0

ALCOHOLIC BEVERAGES—Continued i

Kectifled spirits and wines, production, total jthous. of proof gal J 5,372 5,2^9

Whisky d o . . . I 4,3-Indicated consumption for beverage purposes:

All spirits . thous, of proof g-d. jWhisky . do !

Still wines:Production . . thous. of wine galTax-paid withdrawals.— do j MImports . do ; _. _Stocks . . . . . d o i 93,

Sparkling wines: iProduction do < 83Tax-paid w i thd rawa l s . . . . . . . . do j 34Imports do i 101Stocks. ___. do |_._._ G60

DAIRY P R O D U C T S jButter:

Consumption, apparent! thous fibPrice, wholesale, 92-score (N. ) d >1 \ - 'Production, creamery (factory) t t i n o D ' - n 1M *i i n (Receipts, 5 markets dStocks, cold storage, creamery, on 1 c f n h

tnoi^ cf lb " ' s ' < 1 f s wl i"Cheese: '

Consumption, apparentf-.. ..- ( >Tmports§ - - - - 1 'Price, wholesale, No. 1 Amer. ( \ \ ) \

! 1 I 1!> 'Production, total (factory)f th > i 1 i> )i

American whole milkf 1Receipts, 5 markets 1Stocks, cold storage, end of month <• > 1> v

American whole milk xo i 1 »Condensed and evaporated milk

Exports:§ ICondensed (sweetened) 1 >Evaporated (unsweetened).. lo

Prices, wholesale (N. Y.): 'Condensed (sweetened) lol p*. r ° ' tOEvaporated (unsweetened)... >

Production, case goods:f ICondensed (sweetened) tt M j 1Evaporated (unsweetened).., ) t 1 s

Stocks, manufacturers', case ^ K e i 1 o(month"

Condensed (,\\ eoTo-n^d^ _thou of Ih ! • * ' i

Fluid milkConsumption in oleomargarine _ do | 1 ' '<PiK'P, doilorV, ^tamUrd J? ide dol ne 160lb , 2 2 >Production o r in re ipo l i s «iT.U M VVA) ^ ^ i

Receints: 'BO-MOP . . . thous of (j J.1 17/Crre t t c Xew York . . . . . . . . . do . \ - . i.1

POVUIPTP<1 milk: ,FA port« . . . - - thoa^ oMb _ J <Production . . . . . ._ do , >i l i ,Stocks, mfr \ , end of month .Ao ...t .57,211 10,112

FIUTITS AND VEGETABLES !Applet* j

Production (crop estimate)\\_ thorn, of VShipments, carlot . no o f t . i hndb , ''!»Stocks, cold storage, end of month i

thous nfbu HCitrusfiuits.carlot shipments no. of i lrlo .<:?- - 1 ' 1 <Onio is, crirl<-t shiprneiils - . . . d i 20""Potatoes, white" !

Prifp *vb< leîle (X Y ) dol. per \"0 lb i ' '»'.Production (crop estimate) - 1 h i« of bu | ' '>r ' '>Shi[)m^nts. catlot _ no ofe . i l ^ i^ i l't . if>

GRAINS AND GRUN PRODI <"!S !

Export?, pr.ncipil cn ins , irnl. fv ur JIT! PI 'K 'tllOUS. f i »U

Barley: jExports, including malt§ lo .Prices, wholesale (Minneapolis):

No. 2, malting dol p • h i 7No. 3. straight lo

Production (crop estimate) thous o ' M - »i7 >"'Receipts, principal markets. do 7 ^ s 1 M ' 2 ^ 0 1!Stocks, commercial, end of mo <^> \ * ' 6 ] < i H) .

Corn: iExports, including meal§ do - i t , !Grindings do " 12 bPrices, wholesale:

No. 3, yellow (Chicago)! . . .dol i cr f uNo. 3, white (Chicago) '^Weighted average, 5 markets, all erra-ir* i

dol. per bu _ J .71 . 66

•"Revised l December 1 estimntp. 2 July 1 estimate. 3 Xo ruiot'^Production in "commercial areas"; not comparable with earlier estimates of t

ditionsare included.{For monthly data beginning 1913, corresponding to monthly n verages ?howrtD'ita for 1939 revised. For revised figures for prndiMion of'c »n IHISOI •MK! ev

butter an i ehee^0 production and consumption, superseding fi'rures -;bo:,vn ;n the .§Data for 1939 revised; for exports, see table 14,' p. 17, and for imports, table 15

4. 1S2

10.350 !y.oco i

6,114

14,,13,!

6, 7495,856

16, 85615,231

100, 100,435 j

130 1132, 148 |

50 '52 S32 I

U

l h *) >

. 66

t i - - n .

)tal c

n p.

| 105,I 8,

647 !781 !

35. 60210, 273

216

4, 5633, 755

12,293 I 8,10,894 ! 7,

10. 14710 213

957

,111,533

056068

170, 183 ! 172, 258 j 163, 774

54 j84 j54 !

843 i

73 I 82125 j 102

36 j 455SU 492

I

1 2 9*9 j 0 "<1

120, 724 156

39 ;io !

512

;. 380 i1.833 |

'. 116 j-.108 |

. 6 6 7 ], 983

107038

6334

7539

143,

I 1965, 368

,345), 547

863',828

141

50 I35 i

6 I551

-» P i 10 1

c-

i ) In;

[ 1 I i ' ! ' .

j . . "0

ro

.63

1 * J

1 n

( 2 1

110

4 1 J »

1 2 Q i * |

i s ( f I

1 1

00

s 017

104,2

100

^ 111

4, 1343, 300

10, 9099, 209

1, 7238, 008

134135, 410

14039

1 4

1 }

(i-ti1

0 |\ J)

I 1 t

5,1644, 199

13.50011,632

1,3657, 124

158128, 204

15152

176,784.36

215, 57074,366

r 56, 792

84, 0442,114

.2199, 70076, 66516. 139

-119,718>-102,S69

7 ^ I s A2"> I 8,2927i 19,366

5.003.43

h 11 9 111 I 9 i-H ] 10,258li>7 J4» - J 7 21 I 2 S 0x1 353,761

176 i 21 | I%.or3

6 ?_"2 24 I ~ J) \ J 3, j 'I L"j

i .Cl 10 M " i ^ 2is H 972I

II 21. V'S2 0 . 2 " " i 20, ' I * . 1Ul,~<>: ' 12 \ 1 7 - 11

12531

or17' .!*, T l i 35,927

1 770 i 1. 11"2" 770 ' 32 17")

i,2i'«

C° (-1 1 I

1, 2si i 1,218

7,228126, 160

10,327173,838

6,016 | 5,101

44, 477

21, 353127,288

1.631

49, 501

22, 480132, 704

2,27737, 282 ' 49,21236,036 j r 36, 676

2,720

17 07 I 10,529 I 5,9991 ) «.MI ' is -,n } 16,9371,."V. i 1,703 j 920

! j1. '1 1.48b 1.590

2, 718

2,31619. 8692. 762

1.700

o7h j 25. 7«i2 18,442 22,655

.63

10-5,( 3

t.2

.58 !

7^6

n

. 59

.50

.51

6.357

5587, 219

. 00

.58

4,211

162

.51

.51

6, 5106,561

40r 8,811

. 66 i

.70

.62 !

5, 291

123

. 55

5, 4425,157

r 9,549

.69

.72

.67

263

.58

.54

9,5984, 726

1,016r 9,194

.78

.69

yp. 18, of

or "commercial" crop. Some quantities unharvested on account of market con-

of the 1910 Supplement, see table 20, p. 18, of the April 1940 Survey.milk, ^ e note marked "f", p. 42 of the January 1941 Survey; revised 1939 data forMl Survev, will h>.> published later.the April 1941 Survey.

K'YEY OF CURRENT BUSINESS S-25

\ i - . i t h ' . V . f

. . . t ' n •3»<< . t > - i t i l

• ' " ' " ' 1 " ' : . - I . , /

1940

July I August I t e ^g ; r October Novem- Decem-ber ber

Janu-ary

Febru-ary

1941

March April May

FOODSTUFFS AND TOBACCO—Continued

^H IAD GKA^N P»:om £ r

Corn —Continued.P roducVj i tcr m t^ nn ue) I L >ui t ipK, Dnncif xi i ir1 1>bi, p n u n t s p i u ^ i p u m t 'St.) . s fcmrneicul H ' i •! i.

Oatsexports, melinini • ) ,ti u ilN'"' ic \ v hi 1 s ile, i.\( >, \i it i i

I

"loducMon (cioi) t -4r tt ^ t> i of . \ iK c i] t s r rn j; il PI i ] < K o _^ t o a ), (i u Jiirr il, Mid o i i« ITJ <io

p t t _ .I'iicc, wh lua* , h ic* <i< U(NTI \ Oi1, ls

(lil < IP r v l u c . i n ( c r o p i * t i • r i ) t . i '>^ n i t ' i u ! n . f > s fl 1 I 1 i i i i r

i ' C i ^ . r i u ' l , t i 'UK w M >l)

i h i p m < ^ tr m 7 i n i i ! ' e1 v- * i i f, il«i I •

- * v s , «i r i t ' l ' i

' vIM U S , 11 I I ' I kiK H

P i i « . e , i< u» , c > ( i

P ' n a t i o i io r> a *;

-U)C •>, v. ) ' 10 ij I1 i

a o . I 1 , ^14co 1 l'n

( \ h e r , i In,H Ii • it or tv

M) 2, ' . t\ I IL ( 1N O J r u i i i (

V\ 1 i 1 1 , h r i i 1

P r ) l i i ^ M J i i T o J , i

i " ' J \ itl \ it i v t

^ I l l P " l ^ ^ l t ^ D J 1 ' I1 't ( K r <1 of f 11)

C l ' t U ' ' M V »

1 » , i )( O M i( ( II ' T » >

MVMt 11 'It

1 ri ' i ( s

-•* i n i t ,V' 1 t (

p j d l . *i i< i . r . i n !

Op if

» II

til 1

»li 1it i , i 1 1 < f T

', Ob

! 0L 0

, , J ' l )

1 i! * l i l t r

^ 1 i ] ) i i n K '<

23 i l l14, 3^92.1,419

.35

3, PU

294, 6°,213,357

0o9

3 S

9r;4

- t J 1

22, 46415, 12625, 354

.32

4,3272,769

246,13522, 711

.039

283

748

1,017

r i , - . * , ,n, if»s

J1 )S ^

15

Lot 416

1.44

9,037

3,6801, 876

. " I

AM, 181

lC'J,lr0

0 i

19,23112,38528,119

69

.30

13,2878, 395

190,20952, 240

.040

28, 89212,61741,179

59

.31

7,0759,135

247,49818, 406

.038

970 2,896 I

1, 019 1, 558

2, 067

:-;70, 624100. 879 370, 3:0 l-20, 523

173,4M. I 400,797 | 491,976

' 41

37, 60918, 6G059,314

74

.34

4, 2387,093

245, 88121,221

.033

21, 60812, 19065,489

87

.38

^2,449,200

4,0316,688

347,58023, 675

.034

20,71010, 43370,067

.38U,235,628

5, 3376, 592

358,18516, 228

.0352 52, 754

9,112

2, 9769

. wU

2 "2, 3« 1

p 1

rs t1

> 11 9 L

4 i">

1, 162 ; 1,737 1,785

< S ! 991 j P39.94 723 mJb 307 401

0 f)0 10. 44 j 11.00M) i 11.02 11.339 o() ' 9. 85 i 10. 4J

1'>, t 0 2, 259 ! 2, 177

1,5208, 520

220, 504

3,044

76. 7.N

17.0>5

37'., r,i3

LS'J, 523

1, 4678,112

4, 4311, 293

.90

. b2

1 r\ 'JS i

409, 364

17f, 390

t T201

2, 379 1, 519j

1,413 | 1,371

:;, 746 4,012

167, 270

429,129

(3).50

1,0787, 658

4, 061)'519

.92

. 85hi

l!,6, 5^7

39 07

4 hfi

211, 149

380, 200

.5040, 601

7136, 040

2, 206301

.83,S5

2 816, 69S2 227, 5172 5b9, 151

9, 6o2

440. 293725, 12S1( X 776105, It.7106, 3032b3, 8e>2 i

16, 4339, 050

70, 278

53

.38

3, 5435,664

305, 9088, 421

.039

13,8627, 091

70,142

70

.37

3, 0504, 745

423. 1167,933

.040

J, 287

3,1)61

18,6289, 280

71, 290

274

.39

4, 5674,077

377, 8947, 282

.042

81,855

431,886

6096,223

1,86446

10,0°."

Ii", 153

101W

I

2,175 I 2, 427

1,033 [ 1, 1101,083 ! 1.324603 ! bO8

11.5011.4711.53

12.0910.1)7

1,863

977892

12,0612. Ill10. 50

9,02240o

4 '24 16

>o 09 Ah

(o9 -iOb

5, 700

1, 604

976624290

11.8512.6110.58

9 Ofl

40, 000

)^ 00 2 S

60) 72^

r, CJ

lt 600

964623266

11.9013.08 !11.94 j

721

1, ISO

3, 307

4 [7, 27722(5, 943

378, 074

'.50

5,462

213,216

37S. 179

5, 209

2, 4846

s.oso

\{j 1 Jt

j 42

I, 313

828475220

I1. 2712. 5512. 50

3, 70Si, < m

7* ( 7">V\\ 755

2,302 I 3,113 i 3 ;595 ! 3,787 I 3,039 I 2.513

bu

1 927 1,598 I 1,497 | 1,692 ! 2,371 j 2,682 2,823 I 2, 14S718 619 I 677 | 60! ! 730 I 905 I 960 I 8Ki3> 33 | 37 I 36 I 42 I 47 i 40 I 53

i I j ! j5 01 5.99 ! 6.23 I 6.59 | 6.41 ! 6.24 6.42 j 7.69

7 6 9.2 ! 9.2 I 9.9 I 9.8 I 9.9 10.3 ; 13.0

LS17

48

7.60

12.8

923544251

10. SI12. 4011. 28

2, 641*

1,94170048

7.53

12. 4

17,40314,01265, 463

138

.39

4,5394,473

440,03017,970

.048

415

1,131

24,84622,13360,959

131

.37M, 117,419

3, 8544,571

382, 98123,168

.049

171

837

2,C>75 I 2,050

468, 937 5:58, 282209,425 395,017

400, 577

'3).58

"yoT | ""3,"2824, 95 L I 5,486

I

1, 2464, 5721,414

. 97S7 ' .90

.90 I .94

n,"(\{'> I 17, i n

H9, 5.V> I 42b, 235

l.i", 119 I 139,51.';

8 r ) ' l7< S

40 SbO( 72

r > I ( S

<> 1 I <) ro7'it> M i l 6 7 > I I 1

> 2 > > I ) 100

1,593

955637302

1,981623

54

1,0130242S2

10

11.

673131

10.11.11.

230734

2, 561

1,9745S7

8.97

.12.9 I 12.4

ccri>)l, 11 r- 17 rf the Anril 1941 Survey .

S-26 SURVEY OF CURRENT BUSINESS 1941

Monthly statistics through December 1939, to- 1911gether with explanatory notes and references jto the sources of the data, may be found in the1940 Supplement to the Survey June

1041

Jans July i October | "°™n-j *™- j ™ - \ March | April ! May

FOODSTUFFS AND TOBACCO—Continued

LIVESTOCK—Cont nuc d

Sheep and lambs:Receipts, principal markets.thou of a im i1Disposition:

Local slaughter _ doShipments, total _ no

Stocker and feeder djPrices wholesale (Chicago):

Ewes dol p^r 109 lbLambs a<

MEATSTotal meats:

Consumption, apparent mil o lbExports?}. doProduction (inspected slaugh+ ) < oStocks, cold storage, end of mon*b i

Miscellaneous meats dBeef and veal:

Consumption, apparent thou< oHrExports^ doPrice, wholesale, beef, fresh, nsti\e s t a r

(Chicago) dd pt UProduction (inspected slaught r) 1l 01 it 1(DStocks, beef, cold storage, end of i TO < o

Lamb and mutton:Consumption, apparent < oProduction (inspected slaught^-^ d >Stocks, cold storage, end of month do

Pork (including lard):Consumption, apparent doExports, total __ do

Lard drPrices, wholesale:

Hams, smoked (Chicago).. del per lbLard, in tierces:

Prime, contract (N. Y.)-- doRefincd (Chicago)

Production (inspected slaughtoi)

l l fo1 2_~

LardtStocks, cold storage, end of month

Fresh and curedLardf

1 0

1>flb

o >d<odo

, • - •

| I 1 1

i l o i

p iJi >

9 i-±

1, 1 2

9~4

1 I f I

0 jI

i m | 4 0 j 4 00 Ot

1 r20

r, ^10 23

1

1. »

1,1']

1 j 1 1 )!

-0 |j

4 I

<*

1,

1/

r

n1! -iI

1i

9r

rn

""5

! r 3

1 J

- 0 ( )

J > ( 2

r( K

i t c

21}

POULTRY AND FOGSPoultry:

Receipts, 5 markets l ieu of lbStocks, cold storage, end of im * tb <.

Eggs:Receipts, 5 markets . thou*-. Af c °> iStocks, cold storase, end of m r Hi

Shell 1 - th s- of c IMSFrozen Vm of ib

TBOPICAL PRODI CTSCocoa:

Imports§ ' n^ tor*Price, spot, Accra (N. Y.) dol D I 'b

Coffee:Clearances from Brazil, total, tl i\ s of b

To UniWa States Îmports into United Rtates|. JOPrice, wholesale, Rio No. 7 (N Y }

doi \f lbVisible supply:

United States thous of b° "Sugar:

Raw sugar:Cuban stocks, end of month

thous. oi £p r x r t >LSUnited States:

Meltings, 8 ports . l->r?t usPrice, wholesale, 96° cent^ fug 1 ( N ^ >

ioj i t 11Receipts: From Hawaii and P" fr c 1 o

Vjn to sImports, totaH§-__ _ o

From C ubat voFrom Philippine Island t t1

Stocks at refineries, end o' n i nth dfRefined sugar (United States

Exports doPrice, retail, gran. (X. Y.) . do1 p< r lbPrice, wholesale, gran. (N. Y ) do I 01 iReceipts: j

From Hawaii and Puerto ~RK Ion0" tons. ( 2 7Imports, totalt do J

From Cubat <F r o m Phi l ipp ine Islands"! do I

Tea , impor t s t ov-. o f l or Revised .tRevised series; revisions begir n g Trti t

1 r ' ' V y r r r n t ^ M% M o n t h l y figures beginning l c H -)rr°^ ) T M • t1 < nr r t h lt i n accordance with new d e r i i i n r n s ffT c+ n i ()

pork fat." The twTo are here con biiK d to ln\ f f1 IT MC IV) r bic§Data for exports and import i\ M ! f r 19 °, L t b3c 1 ' , M I ,

1 00°s

1 1st

1 2 1

( 1l

1"

r70o i

' M UP I 1

i o o

1 4"

0 1

1 4 \

y 21

1 ( ( 5

C 5

1 1 /

1. "•1 4 S

2 421

r {-"•

38 i

0 ~

: o i

Oi

0 1

1 11

0 S

1 M^S

2 4

442 2^4

>,(,

i l lf i l

0)0 0011 ,

1 M i l i

21

f i t r

\ th t^ I t

\ i i. i p 11 t hi1 r I i ) r ! c s^

i r i u j h , cf th° A

) o0 1 J I

9, H

nailed "f '

tf i s Ui

' ^ ^ r t

21 44^47 If 141 ^

Mi lG 1°7

42n

4(0

1 S "f

0 0

20 P 2s 1 s> IS4 2^47 7 3

1J

1 9

) 4

4~3

( 2"01

0 12(4Hi

)0

i r r,nno

t both production and stoc

t rtcd a "laid" and "renckr

August 1941 S U E , V E T (,i S~27

Monthly statistics throiirh D° ti^l^r ' igether with explanatory m tes a n i r . O Mco the sources of the data i\ b^ '"•» ] a u1940 Supplement to tne bur e,, Ui,j \ \ . \

Janu- I Febru-ary ary

1941

March April May

f (5

MISCELLANEOl S I«OO1 1 timn C '- S

Candy, sales by manufacturu^ tboas f f 1 )1F i sh : "

Landings, fresh fish. prin. ports..tho *s of 1LSalmon, canned, shipments . c vStocks, cold storage, 15th of month

thoi s of 1!Gelatin, ed'blo:

Monthly report for 7 companies:Production doShipments ( oStocks (iO

Quarterly report for 11 companies:Production dStocks Hi

i 12 s^f ' 1

Leaf-TOBACCO

Exports, inch scrap and st('-ms§ .thous. of lb.|Imports, incl. scrap and stems§ . _..do IProduction (crop estimate) mil, of 'b_.jStocks, dealers and manufacturers, total, end !

of quarter mil. of lb__jDomestic: j

Cigar leaf do. . . . jFire-cured and dark air-cured. ..do jFlue-cured and liuht air-cured do jMiscellaneous domestic do J

Foreign grown: jCicar leaf do !Citrarette tobacco do !

Manufactured products:Consumption (ia\-paid withdrawals^:

Small cicarettes millions.. |Laê cit'irs - - - Ihourands ,Manufactured tobacco and snuff

thous. of !r»__Exports, cicarettes^. _ __ thousands, jPrices, wholesale ihvt price, destination):

Cigarette", composite price. dol. per I,000_.Cisiars, composite price do

Production, manufactured tobacco-Total _ . . thous. of ib_.

Fine cut chewing doPlug - doScran chewing do ._Smoking doTwist do . . - .

f 0i \ 8?

1 < 22 '

20, 9656, 425

' "' »> 40i 21, i l l 21 ^ ! ~2 a/)

1 1 " i *. <*'/ J70 4 3 ) l ! , 7^ jf(

1 J I 1 307 1 f "• >1 ( I

ic» 07o I 20,411

22 ( °7 29. 189

71, 458

5, 192

15.533 i \i,:<(0 I 7.044 i 11,526 11,836! 18,9477,780! 7.329, 0,239 i 6,734 5,365 7,091

i 1. 376

031 :. 123

378227

2, 2903 " i 2 ^ :

3, 43

1, sor

14, 8446, 268

202i, 789

1. 6861,5135, 935

37, 224277, 998

49, S05

1,8502. 5455,240

6. 9777. S04

14, 9304,898

(Q

100

435, 02915.913

400, c23

GC 1.312 j 406,070

5.513 I 5.760

15, 8 JO ' H 890 i 16 4184S7, Oil • 175,725 | 583, 508

2 \ 8 W 729639,101 , 2b5.106 j 533, 455

14.347 | 13,815 16,287507,349 349,780 i 403,166

28. 500 | 24, 758

5. TOO ,k 050 ', 46.050 i

5. 7»'O46. 0u6 4C 056

472, 923

5. 70046.056

24.167 i 26,8S7 | 25,933 | 20, V0 ' 31.133 ' 25,704367 432 4^ j 31 ^ | 44-' \ ' 421

4,1 [5 4,."3,187 3,9

10,082 i 17,4

521.,9-5, 460

489

4, 2253, 807

10. 9-19497

J, 145 i 4. 1953, 525 ! 4, 00Q

17, 7t>2 I 21.950 17, 642442

597^ 390

5. 76046. 056

22, 941380

3, 0813,190

15, 227456

28. 958626,129

5. 76046. 056

25.153426

3, 8823, 636

16, 752457

14,465385, 349

25. 202584, 281

5. 76046. 056

22, 630

3 748

14, 719461

19, 4047,087

3, 56R

396

15, 529430, 326

28, 253685j 139

5. 76046. 056

24. 766389

4, 0653, 385

16,458468

18, 467

47, 033204, 808

35, 757

1. 8472, 2054,882

14 0305,927

15.854490,585

29,127685, 513

5. 76046. 056

26, 246402

4. 4063. 745

17, 209483

15,512

54, 580

41, 435

2. 0282, 0554, 856

22, 6996, 526

17,858475,067

29, 232926, 183

5. 76046. 056

25, 462427

4,2883, 524

16, 847376

FUELS AND BYPRODUCTS

C O A LAnthraci te :

E xports thousPrices, composite, chestnut:

Retail . . dol.Wholesale .

Product ion thous.Stocks, end of month :

In producers ' storage yards..In selected retail dealers' yai

number ofBi tuminous :

Exports thou5-Industr ia l consumption, total

thousBeehive coke ovensB yproduct coke ovensCement millsCoal-gas retortsElectric power utilitiesRailways (class VSteel and rolling mills.Other industrial

Other consumption:Vessels (bunker) . . . thou*Coal mine fuel thous

Prices:Retail, composi te^. . . .do l .Wholesale:

Mine run, compositePrepared sizes, composite.

Production:}:... thous.Stocks, industrial and retail d

month , total thousIndustr ial , total

Byproduc t coke ovensCement millsCoal-gas re tor t s . . .Electric power utilitiesRailways (class I)Steel and rolling millsOther industrial

Retail dealers, total

. of long ton3._

per short ton__do . . .

of short tons..

do

11> ' cui ply

cf 1 ng tcr^

(f llOit t 1 c

Q O

< O

( V

C f

dot

Hit

of Ion toof ho t to

pe si oi f t

0

o f - n o n i' r

([ n o i t t ^ nd<(lc

()(l<d )i io

do1 )

11. 579. 8074, 886

<1 i

7

s s o

s

C S ;

0

i «(

I

>

6 ( S0

1 \ 1

9

1

2 i

i4

y

- v l

f,

19

I1

7

363

04333492

500

40

9 8

9Si. {»

1^44J

( i_ f

s o1 H

i0• •70

1 f )

2 ) i

< . 0

c [

'31UM

( u)j

> 1

4" M^ )s. °

9

1

25

6

40

7

4" -j

i

7

)

17

329

462408

0"^

10

8 °^ 7({ )

1 3i n

oso1 >

4

>

i

9.

1

1

2"

f

4,f,

7,

J- i

5 )

7

I

!

222

558775

if l

so0"94 ^

1

7 '

i

2"i

il i

10

i l

)i 1

!

t 1

) j

I

f

|94

1

1

2f

6

46

j

1

1 >

s

1

221

41636050

279

4Q

7 ^ •>

32i t

e, ->

1 91 ~'T

! !V7 '"10

I f »

rv"-*

0 ) 0

1s7

6 )f ( f

i

( ( i

V9.4,

3,

1,

(\

7

q

3

9

"M

1 1

)

167

48769234

112

9

C 1

•>/3

5 v

1 > ^

S 1

^ i

1 "

/

4 )

f 0

r 6

0

1 J

119.3,

1,

i

°0

7

40

51

[1

"•I

i 4

Ml

775809

112

57

0 "

f >

<)

r

^>

) \

S )

" )

1 72\ ,

j

3)3(1 )012

) 1

1~ 0

194

32

6

48

153

1.59793699

939

45

518

637730999507171737072975

10, 440

44

41,

5042i 0

11,5.

80296

3. 87

393018400

998978184436284336921827

13,9908, 020

146

11.679 8234,977

704

33

454

33,588817

7. 061407152

4, 7828, 1761, 043

11.150

' 9 8315

8.87

4. 3904. 616

44, 070

48,70242, 102

9,' 887408258

11, 1196. 235

93513, 260

6, 600

159

11. 669. 8264, 432

531

26

488

31,161789

6, 445370139

4, 4467, 666

96630,340

78298

8.87

4.3894.615

41, 695

48, 51842, 518

9, 890440247

10, 9447,2361,041

12, 7406, 000

180

11.069..4,

••05

395

331

23

658

34, (<•

7;

48,1.

10,

V41

:70150"29'00124X80

77545

8.88

4.4. '

4S,

50,*45V ,

1 1 , ?8,"1, '

13,,5,

}. SO

">15

.'50

"90"90N54

>02M7530'SI276".SO

00

97

11. 679. 7993,198

197

43

528

29, 023148

0, 404489136

4 , 1 6 47, OCX)

9469, 730

8043

8. 86

4. 3984. 5335, 975

35. 97131, 891

4, 970390188

9.0145, 058

72110,950

4, 080

119,3,

1,

' 3 1 ,

o,r 4 .r 7

309

.64779858

169

53

511

1998508715961349167 "5837

9, 240

r

4.

124307

.85

5474.618

43,

r37,

'Zr

r 8 ,r 6 ,

11.4,

400

483583

483162991

737350900

••Revised.JDa ta for 193S revised. See i 5 o u ° \ m i 1 i n r ^ ^ t^Composi te price for 37 cities i I I i m S M U b I n 1 ' i^c > ' " o f n s i i \ o§Data for exports and impor t t v i d for 19)9, ^cc table 14 p 17, a m t^ble lo,

2 J u ly 1 estimate',!.

i l f c ,-n i (_ t h c t m I M I December.ibft i \el j , of the April 1941 survey.

S-28 SURVEY OF CURRENT BUSINESS Augu.-i 10-11


19-10 1941

June July | August | Sei{^Tm

I !! Octob'1"

FUELS AND BYPRODUCTS—Continued

COKE I

Exports thous. of long tons..jPrice, beehive, Connellsville (furnace) I

dol. pur short ton_.jProduction: j

Beehive thous. of short tons..Byproduct doPetroleum coke - do

Stocks, end of month:Byproduct plants, total - -do

At furnace plants do 1At merchant plants... do 1

Petroleum coke.. do..

4,8::

1,42S849578

PETROLEUM AND PRODUCTS

Crude petroleum:Consumption (runs to stills) __thous. of bbL.Imports§ doPrice (Kansas-Okla.) at wells dol. per bbL.Productiont thous. of bbl._Refmery operations pet. of capacity..Stocks, end of month:

California:Heavy crude and fuel. thous. of bbl_.Light crude do I

East of California, totalJ do IRefineries; doTank farms and pipe linesj do

Wells completedt - number.Refined petroleum products:

Gas and fuel oils:Consumption:

Electric power pianist thous. of bbL.Railways (class I) doVessels (bunker) do

Price, fuel oil (Pennsylvania)*.dol. per gal..Production:

Residual fuel oil? thous. of bbL.Gas oil and distillate fuels, total do..._

Stocks, end of month:Residual fuel oil, east of California

thous. of bbl__Gas oil and distillate fuels, total do

Motor fuel:Demand, domestic? thous. of bbl._Exportst - do.._.Prices, gasoline:

Wholesale, tank wagon (N. Y.)tdol. per gal..

Wholesale, refining (Okla.) doRetail, service stations, 50 cities* do

Production, total? thous. of bbL.Bonzol? doStraight run gasoline? doCracked gasoline? doNatural gasoline? „ do

Natural gasoline blended? doRetail distribution mil. of gal.Stocks, gasoline, end of month:

Finished gasoline, total thous. of bbL. IAt refineries do

Natural gasoline _.__doKerosene:

Consumption, domestic doExports? doPrice, wholesale, water white, 47°, refinery

(Pennsylvania) dol. per gal_.Production thous. of bbL.Stocks, refinery, end of month do

Lubricants:Consumption, domestic? doPrice, wholesale, cylinder, refinery (Penn- j

sylvania) dol. pergaL_| .123Production.. thous. of bbL JStocks, refinery, end of month do

Asphalt:Imports? short tons..Production do IStocks, refinery, end of month do j

Wax: !Production thous. of 1b iStocks, refinery, end of month do j

b. 475 I

r WO !U^7 !

149

I .X13877

r o;45697

108, 2373, 658

. 960111, 690

84

78, 443

2314,619

121

171, 4732, 021

1,0234, 0902 926*! 039

25 409U, 154

20, 33926. 412

107, 9023,771. 960

113, 24480

77, 55036, ]S2

219, 79647, 959171. 8371,860

.127

. 048

.12551, 325

„ 2 G 3

24! 2394, 4012, 6002, 271

86, 27059, 70S7, 000

3, 952299

. 0515, 7856, S10

2,146

.1433, 2128, 161

260527. 300681, 000

39, 760110,346

90 |

4.475 I

4,682123

79

4.475

4, 627 |119 i

1

1

915846069678

2

1

02~ 1S07 |219 !647 i

2

1

0587762gi617

1,2374, 1663,009. 039

14, 439

21, 90930,134

53, 865'1,484

.130

.048

.12651,879

27922, 42024, 4964, 6842. 8642, 168

82, 02554,4147,584

4, 257213

.0505, 7978,191

1,871 '

.1183,0248,573

9,761606. 600623, 000

37, 520113, 978

108, 756 107, 756 I4, 150 j 4, 059 i

. 960. 900110,523

81

76, 37336, 493

220. 23447, 950172, 284

1.788

1, 5074, 2932. 661'. 040

26, 45114, 957

24. 04233, 964

55, 346r 1,873

76 :

4.475!

363

4, 840131

2,029740

L 290' 5S1

109,3943.910 I.960 '

1 >T

109,337 I 113,418 |81} S9 !

52,

77,13450. 0567, 702

4,114196

.0495, 6299, 476

2,024

.1032, 6358,457

75. 39235, 460220, 19744. 778175,4191, 555

1. 4274, 3342, 293. 040

25, 50414, 735

25, 01537,166

52, 297r 1,84-4

52,

75, 91549, 0407, 038

5, 173173

.0496, 062

10, 254

2,150

.0942. 6828, 596

74,124So. 422

220, 89644, 774176,122

1, 850

1,677 i4,847 I i2 724 '

*!oio27,91414, 381

- I 1

1..

26, 53937, 709

53,807

( I-

'- 1 21 n

•'Jl ]t

49, (

. 122

. 045

.12252,907 i 50

290 j21, 60225, 9685, 0474. 2692. 191

73,33847,1626, 569

5, 608120

1oJ

7^ 11046 i '(., I1 '

0 7os

1.7 f>

"5 M l

21,028 I 1,447 I 39,993638,000 i 604,700 608,400

.0496, 4961,000

2, 443

.0902, 9548, 464

rv'.43110,473

2, 44'.

.in° 02'S, *,>

588,000 I 490,000

33, 320 39, 760112, 359 110, 028

oo > r . ' o469, 000 52* 00 »

43,120 4 ' (I'-l l 3, 827 U( 21

LEATHER AND PRODUCTS

HIDES AND SKINSImports, total hides and skins§..-.thous. of lb__

Calf and kip skms§ doCattle hides do. . .Goatskins^ . . . . doSheep and lamb skins§ _do |

28, 521

i6. 4015, 5763, 919

28,

14,5,5,

86310S305295199

1,20,6,3,

1231526 506)786

2S. Ill1,25!16, ro3, 6615,438

291184

6279(»9922379

2, 904

38,

«•>•>

5,5,

410

004)6SSSJ

42, 5t21, is"

21 ^2"

5.3"

41, ?*

. 2 " J4

August 1941 S U R V E Y OK ( . K i l l : f/t S IX ESS S-29

Monthly statistics through December 1939, to- | 1941gether with explanatory notes and references 1to the sources of the data, may be found in the1940 Supplement to the Survey June June July

1941

I.EATIIEII AM)

HIDES AND SKINS—ContinuedLivestock (federally inspected slaughter):

Calves thous. of animals...Cattle do . . . .Hogs doSheep and lambs '. do

Prices, wholesale (Chicago):Hides, packers', heavy, native steers

dol. per lb . .Calfskins, packers', 8 to 15 lb do

L E A T H E EExports:

Sole leather§ thous. of lb...Upper leather§ thous. of sq. ft . .

Production:Calf and kip thous. of skins _Cattle hides thous. of hides...Goat and kid thous. of skins. _Sheep and lambt d o . .

Prices, wholesale:Sole, oak, scoured backs (Boston)

dol. per Ib . .Chrome, calf, B grade, black, composite

do!, per sq. ft_.Stocks of cattle hides and leather, end of mo,:

Total thous. of equiv. hides. .In process and finished doRaw do

3. ;•,: o1,378

LEATHER MANUFACTURESGloves and mittens:

Production (cut), total dozen pairs..Dress and semidress doWork ..... do

Boots, shoes, and slippers:Exports§. thous. of pairs..Prices, wholesale, factory: |

Men's black calf blucher dol per pair JMen's black calf oxford, corded tip doWomen's colored, elk blucher . . do

Production, boots, shoes, and slippers:Total _tho'is. of pairs

Athletic .. __<io _All fabric*(satin, canvas, e(c ) . doPart fabric and part leather . . . do ..High and low cut, leather, total. . . do _

Boys'and youths' . . . do . .Infants'. _rio . . .Misses'and children's d » . . .Men's doWomen's _ . . . . do

Slippers and moccasins for housewearthous. of pTirs

All other footwear . . do .

! 9 '

2M)

32 . f 71l . ' ' v !2. !5i

iO.«H71.5. 7 2 .

i , l l f

:.o2i

437 457738 822

3,886 ! 3, 219 ! 3,1,378 | 1,448 ! 1.

432842045489

.105 | .114

. 187 | .188

2,701 ] 2.03i

M >> I I. " 1 i.

2 ^ 8 0 | 2,b7* I '!,'i 0It 1

3 iQ . 325

. -! 5

12 " ^S, ^ 7 "

I112 '

I

179,972108,67471,298

129

C On4 253.30

3,06' 5

0)CO(l)

105

6. 004. 2L3. 30

31,012320

3-;)28, i,-s

1,39!1.7)0 .3. 137

1.22

3, <s0

10,'065 ; 13] 922

3. 21 \ 4, 0i7 I

LUMBER AND

LUMBER—ALL TYPES

Exports, total sawmill products} . M bd. ftSawed timber§ . . . . . doBoards, planks, scantlings. etc.§ . . . do

Imports, total sawmill product s. . . . . . do _.National Lumber Mfrs. Assn.rt

Production, total .mil. bd. ftHardwoods . ._ doSoftwoods. . <\o ._ 2.211

Shipments, total * do . . j 2. • 7<'Hardwoods do __. i'oSofi;woods . . _. do 2. 2' f

Stocks, gross, end of month, total . do ._ 6, lMHardwoods . . . do . . ! , 3 " ;Softwoods.. do . . 5,(90

FLOORINGMaple, beech, and birch:

Orders, new . . M bd. ft. 10.3foOrders, unfilled, end of month . do l l . r oProduction do . \ 7"oShipments do _J 10.125Stocks, end of month . . . do . . ! 16,07"

Oak: IOrders, new . . . do . . I 53. lviOrders, unfilled, end of month do . . . | 79 5IDProduction .do . . . | 4', t>->Shipments do.Stocks, end of month do..

S O F T W O O D SDouglas fir:

Exports, total sawmill products}._.M bd. ftSawed timber} do ...IBoards, [)lanks, scantlings, etc.§ do

Prices, wholesale:Dimension, No. 1, common* 1

dol per M bd. ft 'Flooring, " B " and better. V. (J , 1 \ 1 V. L.*

dol. per M l-d ft 'r Roviôd. 1 I ; ia not u i'!* \ e \ v s e r i e s . T h c - e p r i c e s i v p l ' cc^<*ri<^ ' o . \ n n . m§ I ) a : a l o r 1(>;«) K H M ! M H u i i f i ! \, i 7 ( n t ! u < \\.i,]\l{i\'ô<] d a t n r( , r 1 " 3 9 " n d I . m u . i r N •>rn1 I ' V . n u - ' x 1!)

2 I n c l u d e s a s m a l l n u m b e r of p o i i s ui s l i c e s o t h e r t h a n

91,ISP11. 89262, 50960. 725

1.7/"'5, M 0 ]

7.000 18, 9(H) ;6, 1507.-100 '

K 40(!

10-, 0 "9I J . V M JS' , 09905, 714

2 . <u7 i

9,350 j

9.3757, 1508. 750

98, 29611. 15568. 2*>261,704

2, i l300

33. 35752, 5]23S. 01")43,12770,i)27

17

49, 5,\7

4l!('."^ '4 1,4!265,317

2). 'V7S10. K0la. hliS

21 5<0

2*'» 460

3S.0HIi\77127 213

21 058

2 >t)

16. 11^

57, c 79

37,0259 ."«;.r)

'is. o:ii»

heren - J MI- Febru- I March | April M a y

.102 !

. 153 I

412812

3, 168 I1,473 !

. 123 I

.160 !

3 u 0

.300

1 2 " 10

I

507 !968 I

4,483 !

462 ! 437884 j 858

, 419 ! 6,063i1,734 I 1,462 I 1,416 j 1,625

I. 140 i . 146 .133.203

. * 53

.218

1 VI

. 4 M

.213

2 77b

2 054i {) >x

3 >20

411891

4, 517

1, 625

.133

.216

1 ,"2 7'

V 12 i"2

v 9<:

31,

1,3,

1,2

3,

384717725391

124216

278416

014120064797

3.1,

9

444766901408

129225

799781

151155417

507792

3. 8071,436

.137

. 240

143, 871

* 1,102r 2, 208T 3, 677* 4, 077

()0)0)

6.00 ;4 25 '3.30 I

206

3. 30

0) ())

0)

168 170

6.P.) i4 25 ]3.30 I

6. 0.)4 . 2 "

(00)0)

6.004. 253. 30

.355

.480

9, 3704, 286

204,313118,020 ! 127,698

76, 615

101

6 004. '253. 30

9.6 2 !

1,80', !i , • " '

I ' l , _ D

6 :M

169 I >03 " ! -Ill

0 , 1 S I1 > i 3

1. }: -1

S, 7^sn1! 1:1

1. i?:.

3, 909* 10.251

219

6. 00t. 253. 30

38, 2^8324-193

1.6!532. M'.S

.355

. 480

r 8. 9584 itW

146,59789, 103

241

6. co

3. 30

42,663Ml15:',

1. I'M'

2 9. 999 , : i;i, D ;<•15, 704 1 ' 17, M"1.

2,313 2 " ' '3(.-9n

.3C>7

13,001r 8, 6)77

4, 324

243, 889

(I. 001. 273. 30

• 42,8411165^2

1. 153" 35.012

1. 5552. 166

r 3,973•' 11. I1 is• 17.019

r 3. 7t'Or 1,019

SO,9^0

6-9.' 35671, 3"i '

2, M '353

72.862 i10. 3.2 I56 499 ,74 975 ;

2,6:: !427

• ! 7 . i 1 ; j

I. '"-5,3 -,

8.700 ]

1J. J507, 5n0S. 400

it,. 000

7 1 s i sI- 91>>.'1 0-3

9,900 ! 011. fif'O I 11.9,200 : 7,9.600 I 7 1

15, s;,o I 16,:

21 ."•)()

3 3 °..O

47, r.71 '6s, 76"*)5 i ,93852. "2151, :26

3 2 . 1 7 0 3 0 , 7 5 2 K . i N " 27. S'if- 2 1 3 1 7 1 2 . 6 " !9. !o0 S 390 5. i.i7 1 2 , 0 2 0 (>. 555 ! , : ) i ' 5

23 , OK; 22. 3')2 Hi, 128 1 5 , 2 7 b i 1 7 , 7 9 2 M,2sf ,

21 ."• ( 21 M0 L" 970 25 670 21. 9'»0

r.; 3 : 9 3 * 3 0 0 { • 2«o M , -.>. 0 3 ; , j . , o

501908

4. 0231, 551

.147

.245

144, 321

1,0332, 2643, 76)14, 632

. 375

.503

12, 8968, 5944, 302

265, 277158, 650100,627

6). 151 353. 30

1 57r 5I.3M H O

' 3 5, L»« 3

r 3. M 7r! I. 325

15,268

1 (1-(,

3D.

! ~1-1 2.

1,

2,1 6.

1,

1I1

io'7t

I,

251.M3n

«.f0

5 "(333 i202

227357SO

;o''.'^ \Ol)2

." "L.

1 7

0'>5

ro1 H)

100On 1, ( v)

v) \2

i *

2" 1f 6 ,

<S^

7'».i«!t6.

(.2.

2,

1,2_

'2,D.

l!5-

s10s7lfl

•rt

it

<7

^ r "9071.93 19

?'}*-

360n'iS

1 0, J ( t '

0 7.( r

\"l|_'9

075»"01 .0

27"U>J

"'5is!D >h

( 1 1

50 >

60. 9217

4267

2

12

1014

sI1(t

71\

4","4}s371

755HO504

17732585323235<)

873329421908

o?560")

0 )(>

()50

^"n)

9sl'is5

( )d

f-77

50,235,83,

2<

22,

2,6.)'.4,

_

V

\\

1 "

j(l

)O

968MI284861

30532706)8

39 i

36)9

023333380953

MM)V)• 10' 0V.

2 )

( I ,() S

65

3979

2

22

201

828916838734

568381187512387125406374

5,031

s11ss

"S

71

(i

70

075175175{'~>

200

2',7ovt'2712s

53, 3084, 391

40, 16895, 057

2, 609372

2, 2382, 610405

2, 2056. 4621,3125,120

9, 30011, 1759, 0009, 50017, 750

54, 44278, 17346, 76150, 35865,533

17.517 13, 135. s'.M :5, "63

12,02! 9,872

21.9 H) I 24.990

3"». 2so ! 35. 280

<!,;> . j U i f i i u - '--^ i j ' j -11 ' u t \'' K' 16, p . 17 of u i " M a \ 1911 S u r v e y .

3-30 SURVEY OF CURRENT BUSINESS Augi 1941

Monthly statistics through December 1939, to- 1941gether with explanatory notes and references jto the sources of the data, may be found in the j v ,1940 Supplement to the Survey

1940 1941

June July i August Sep-tember October Xovem-

i her !Fehru- j March May

LUMBER AND MANUFACTURES—Continued

SOFTWOODS—Continued |

Southern Pine: jExports, total sawmill products.__M bd. f t . . .

Sawed timber do jBoards, planks, scantlings, etc do

Orders, newt mil. bd. ft_.Orders, unfilled, end of month doPrice, wholesale, flooring..dol. per M. bd. ft..Productiont '. mil. bd. ft_.Shipmentsf doStocks, end of month . . . .do

Western Pine:Orders, newt doOrders, unfilled, end of monthf doPrice, wholesale, Ponderosa pine, 1x8, No. 2,

common (f. o. b. mills).-dol. per M. bd. ft..Productionf . . mil. bd. ft..-Shi p ments t doStocks, end of month ____do..-_

West Coast Woods:Orders, newt - doOrders, unfilled, end of month doProduction f doShipments? doStocks, end of month . do

Redwood, California:Orders, new M bd. ft...Orders, unfilled, end of month doProduction doShipments doStocks, end of month do

FURNITUREAll districts:

Plant operations percent of normal._ |Grand Rapids district:

Orders:Canceled percent of new ordersNew no. of days' productionUnfilled, end of month do ... -

Plant operations . -. _ percent of normal. _Shipments no. of days' production I

Prices, wholesale: !Beds, wooden 1926= 100._ |Dining-room chairs, set of 6 do-Kitchen cabinets do.Living-room davenports . do..

Steel furniture (see Iron and Steel Section).

890824

40.143070

33. 3i014543

43.57004,709

40, 14837, 595

82.0

4.0

0278. 0

20

92. 9103.993. 393. 3

28. 209 15,990 22,224 j 10,964

423

40

341808023350805602597

b24

41

Ov i

092799440536625709

1.996 |

421300 I

28. 49 |

425 |1,861

0053*3 |G.i-4

920

29,50027,40829. 29328,010292, 640

63.0

4.01425

62.012

77 9102". 388. 187.2

1,912

495 |326 |

28. 01570469

1, 9G2

742510579027900

94815, 042

91.8570

43.045720818

1,814

653412

28.17618537

2, 043

829623690702892

27 KOfi 35 Qf^Q

25." 901 32! 17328,477 30,15629.305 I 31,290289,079 I 283,907

3.0

3257. 0

15

77 910:>! 388. 187.2

3. 02438

64. 018

77.9102.388.187.2

2, 36819, 856

905603

46.010739872

1,681

29.71519539

2,051

741647041710865

32, 83635, 54531,53329, 024

4.02843

69.021

77.9102. 388. 187.2

629

9899, 975

949600

48. 676827952

1,556

546486

31.73 j544592

1,99'

286, 622 282, 098

71. 0

I681659 I090 I860

47, 67442, 85536, 05938, 245

3.02946

75.0

77. 9102.388. 187.2

10 Of7f3

l i >

j 4 -

l*x

(<

"4

77^

1 , " 7 I ! <)

44] I or -

I

n 044 4W4917

> 1

i)

0. 02140

74. 0

102.388. 187.2

31

1 s

L ' I° 7t Lil J-o

2.0 1 s

74.0

8.01™

•" 0 i2 0 i

102 i '88 i i

**7 2 '

8 >

"3 1°1

'\ 4

3 0

1

t HI

0 , H - 0 I

-- \

*7 J I *7 2

METALS AND MANUFACTURES

IRON AND STEELForeign trade:

Exports (domestic), total long tonsScrap. .. do--.

Imports, total do--.Scrap do_..

Price, wholesale, iron and steel, compositedol. per long ton. _

OreIron ore:

Lake Superior district:Consumption by furnaces

thous. of long tons..Shipments from upper lake ports .doStocks, end of month, total do

At furnaces doOn Lake Erie docks do

Imports, total do _--Manganese ore, imports (manganese content) §

thous. cf long tons_-

Fig Iron and Iron ManufacturesCastings, malleable:

Orders, new short tons „ _Production do

Percent of capacityShipments short tons.-

Pig iron:Furnaces in blast, end of month:

Capacity! short tons per day__Nuin ber

Prices, wholesale:Basic (valley furnace) dol. per long ton..Composite . do _..Foundry, No. 2, northern (Pitts) do

Productionf thous. of short tons..Boilers and radiators, cast-iron:

Boilers, round:Production thous. of lb . .Shipments doStocks, end of month.... do. -

Boilers, square:Production ..__do-Shipments do - -Stocks, end of month do

0,(),20,l\i2,

231731030919710

5,2139. 487

23, 51620. 4283', 088162

>, 075. 209

1 '.•>..,}•)

936,047318,369

5, 50.:1

37. 69

I

1,034,938 11,402,075327, 129

3, 542152

36, 50334, 700

42.7

31, 360182

22. 50

24, 893.819

1, 697.613

15.009

1<. 69814,-70

117. 975

5. 52410, 38328, 24424 008

3, 036249

39

45, 02538, S72

46. 734, 226

131, 700187

22.5023. 15 I24^894, 054 I

1,449 i

22, 910112,309

355.9912,105

16

5. 70110, 48032, 93528, 708

4, 227194

9S

1,221,052 ll , 10n,510 788 176 805,255,608 I 258,926 | 74,349 j 69,9^0

137, 500190

22. 5023. 1524. 894. 238

o 732 I13,873 ,

20 1S5, '1 , T'O

2, 50856

37.92

5, 6729, 935

37. 09032, 432

4, 658164

49

3,960242 I

38. 07

6, 05110, 00941. 12536, 280

4. 846265 !

40

5. 9735, 341

41,71236., 925

4,787229

61

52,994 j 53.079 I 71,129 61 61248.920 49,804 62,293 57 717

58.8 01.4 75.0 71 243,216 45, 943 61,161 56, ?21

140,620 144,290193

22.5023. 1524. 894,177

2. 3713 S')l

12,513

26. 31040. 312

196

23. 1524.894, 440

3.5985.115

148, 000

22 50

24 ^9i, '03

2 4162 151 ,

1,0

6,173

31. 7924, 2- 1

l ' l

45,05"12317

: i o 5^- 2.r^ I 1 :M t 1

i".o l 5 iui3 - _ 7

' I"> 0 '

2 1 1 • ' I

3 <)"•> I

17. 7C11: : '-

00'7

'0

00"1"")1 >

21

, 0-^ 1

6 j^ \

7«, "

" 2 u •

22 (-0 ,( )

7 1'

i \

Ilo! 75) 1 10 h2° ! 11,021 I l i f 7

13. 70723 7^8 I i s /2t, OV) I lx "47

93] 029 ! 82^205 I 80, Of 1 I SO "i (

1 Discontinued by the reporting source.tRevised series. Data on pig iron converted fôî hl(-riz to w short tonnage basis; da t i foi productioi beemmrg 1913 Me c> ( r n iT' t^^l^

Revisions for 1939 and January and February 1940 foi southern pine, v v ^ e m pine, an i weat coast woodb, and also rt\i^< us for 1938 fc i tp. 17 of the May 1941 issue.

§Data for 1939 revised; see table 15, p. 18 of the April 1941 issue.

^ , p. 14iie la tCi

f ri . O.



METALS AND MANUFACTURES—Continued

IRON AND STEELr-Continued

Pig Iron and Iron Manufactures—Con.Boilers and radiators, cast-iron—Continued

Radiators, ordinary type:Production._thous. of sq. ft. heating surface_.Shipments do.Stocks, end of month do_

Boilers, range, galvanized:Orders, new, net number of boilers..Orders, unfilled, end of month do . . . -Production ..._ doShipments doStocks, end of month . .do

Steel, Crude and Semimanufactured

Castings, steel:Orders, new, total short tons..

Percent of capacity,•cialtie;Railway specialties ..short tons..

Production, total doPercent of capacity

Railway specialties short tons..Steel ingots and steel for castings: t

Production thous. of short tons..Percent of capacity

Bars, steel, cold-finished, carbon, shipmentsshort tons..

Prices, wholesale:Composite, finished steel dol. per lb. .Steel billets, rerolling (Pittsburgh)

dol. per long ton..Structural steel (Pittsburgh) dol. per 1b.Steel scrap (Chicago) dol. per long ton.

U. S. Steel Corp., shipments of rolled and.finished steel products!..thous. of short tons..

Steel, Manufactured Products

Barrels and drums, steel, heavy types:Orders, unfilled, end of month thousands.Production do

Percent of capacity __ —Shipments thousands..Stocks, end of month .do

Boilers, steel, new orders:Area thous. of sq. ft..Quantity number-

Furniture, steel:Office furniture:

Orders, new . thous. of doL.Orders, unfilled, end of month. .doShipments.. . . . .do

Shelving:Orders, new .doOrders, unfilled, end of month doShipments - do

Plumbing and heating equipment (8 items),wholesale price .dollars..

Porcelain enameled products, shipments!thous. of dol..

Spring washers, shipments* doSteel products, production for sale:t

Total . . . thous. of short tons..Merchant bars . . . doPipe and tube-. . . . doPlates. doRails doSheets, total... do

Percent of capacityStrip:

Cold rolled thous. of short tons..Hot rolled do

Structural shapes, heavy doTin plate doWire and wire products. do

Track work, shipments.. short tons..

NONFERROUS METALS AND IPRODUCTS I

Metals |Aluminum: J

Imports, bauxite long tons..iPrice, wholesale, scrap, castings (N. Y.) |

dpi. per lb . .Bearing metal (white-base antifriction), con- i

sumption and shipments, total..thous. of lb . .Consumed in own plants - do IShipments _ . .do

Copper:Exports, refined and manufactures.

short tons..Imports, total § do

For smelting, refining and export.§...doProduct of Cuba and Philippine Islands §

short tons...All other §_..._.„.. d o . . . .

7,1336, 453

32, 817

105,07672, 25880, 02385, 78431, .534

6, 80198

.0265

34. 00. 021018. 75

1,669

1,2141,61979.0

1,61939

1,5861,415

5, 8517, 3354, 095

1,5251,8501,130

(05, 511

375

11,210

.1100

3, 556750

2, 806

5,6974,670

31,913

75,42731,15870, 45267, 31737, 925

59,66151.0

20, 76450, 651

42.514,483

5,657

84

44,474

.026534.00.021018.19

1,210

3771,09863.1

1,10247

1,7611,007

2,2361.2622,180

547472522

236. 75

3,159158

3,55032632531713174971.2

56104234244300

6,075

44,923i

.0860 I

1,966505 !

1,460 |

36, 23623,04114,335

1,1977,509

4, 8176,48630,108

85,13938,19477,87978,10337, 701

67, 03557.3

20, 77057, 76349.4

17,993

5,72583

52,999

.0265 j

34.00 !.021017.351,297

350 |1,08162.21,075

53

1,6801,214

2,3731,3852,249

602497577

236. 75

3,413174

3,964367357359128812

73.9

7,1478,19329,168

64, 83127,31576,46775,71038, 458

71, 73461.3

26,87366, 35556.7

21,292

6,186

57, 791

.0265

34.00.021018.03

1,456

43695855.196447

1,2751,098

6,4159,436

26, 087

73, 82132,11968, 52269, 01737, 963

83, 54571.4

28, 01864,12254.8

21,152

6, 05691

34.00.021019.22

1,393

7001,30575. 11,298

54

3,7261,557

60104286239328

6,063

72110331244353

6,480

70121311193339

5,496

45,117

.0902

2,238620

1,619

38, 51222,63517,969

4814,185

56,789

.0838

2,348876

1,472

62,39335,15926,446

2148,499

46,850

.0855

2,118560

1,558

15,65840,71027,498

2513,187

8,45411, 76922,805

106,71642, 09497, 26696, 741

2,2401.2862,339

541493545

237. 28

3,925195

4,41545534738513091582.3

2,6011,4952,392

639498634

237.14

4,050196

4,2134233713689391986.3

112,32796.0

49, 34983, 93871.7

31,811

6,645

.0265 | .0265

34. 00.021019. 75

8,0428,95222,103

75, 36935,22080, 37182, 24336, 616

94, 92981.1

27, 71881,19269.4

32, 066

6,46997

.0265

34.00.021020.06

1,572 1,425

6,2456,53721, 831

70, 98938, 79572, 24567,41441,447

115,34398.6

45,15485, 81073.3

33,932

6,49594

I431

1,52087.41,534

40

1,7081,221

3,3231,7283,090

797599696

237. 27

4,895229

4,67047540143079

1,06996.8

86147362189382

5,505

53,357

2,691643

2,048

38,82943,04424, 610

1,41517,019

4021,457 |78.91,455

42

1,7221,026

3,3362,1812,884

718652665

237.31

4,030233

4,480444377430114

1,04797.4

83138374200350

5,733

50,158

.0904

2,373622

1,751

17,90332, 79020,507

79911,484

.0265

34.00.021020.60

1,545

4861,45277.81,442

52

1,563835

4,3572,9833,583

844658790

237.31

4,256248

4,619437384443131

1,05095.1

89139331203374

7,151

7,2445, 839

23,461

45,61580, 70582,92839, 224

110,57994.5

34,88794,40980.7

35,397

6,92997

.0265

34.00.021020.00

1,682

3701,45476.7

1,44463

2,210994

3,7873,6183,152

924779

237. 27

4,496281

4,863519409431156

1.122101.0

95153363209409

6,835

97,668 86,978

.0970

2,296614

1,682

13, 39525, 94512,648

2,01411, 283

5.1039

2,560507

2, 053

22,38227,35719,120

2038,034

6,7444,891

25, 393

80, 58350, 77774,11375,42137, 916

105,12589.8

29,10385, 492

73.028,692

6,23897

.0265

34.00.021019.25

1,548

2761,03554.61,046

52r 1, 500-845

3,8524,1023,368

940829890

0)

4,393303

4,587455384416154

1,074107.3

91139322205379

7,973

62, 051

.1397

2,667529

2,138

18, 09523, 6846,693

1,84215,149

6,8714,371

27, 890

94, 99260, 41982, 82085, 35035, 386

126,140107.8

47, 40895,18581.3

30,733

7,132100

.0265

34.00.021019.88

1,720

3151,07256.61,077

47r 3, 514r 1,294

5, 0505, 3303,821

1,2041,103929

0)

5,310320

5,046463436454177

1.177107.3

102155374252431

10, 225

72, 403

3, 257625

2,632

7, 04649,18811, 359

1,08536, 743

6, 9674, 49530,375

69,43346, 44886, 45983, 40438,441

152, 007129.9

59, 551101, 977

87. 134,204

6, 75898

. 0265

34. 00.021018. 95

1,688

4281,463

1,47437

2, 3391,336

3, 8895,2104,010

1,3461, 3831, 066

0)

5, 456331

4,942470453445194

1, 148107. 8

104144383265412

11,751

83, 400

.1100

4, 430999

3,431

8, 90770, 40918,086

18352, 141

7, 3855,621

32, 140

89,15952, 96681,49582, 64137 295

153, 143130. 8

70, 191104,971

89.737,192

r 7. 05599

I

34.00. 021018. 75

1,745

8901, 58483.61,582

39

2, 5601, 372

4, 6675, 5794, 298

1,2781,4511,207

0)

* 5, 491355

4, 840458461470185

1,015100. 1

99139398244434

11,012

49, 732

. 1100

3, 866991

2, 874

12,28654,9819, 637

1,40943, 935

1 Discontinued.' Revised. «Data are for 7 manufacturers beginning January 1940.2 Average for 14 days; not quoted part of month. 3 Average impossible due to lack of offerings part of month.{Monthly data beginning 1929, corresponding to the monthly averages on p. 132 of the 1940 Supplement, appear on p. 18 of the April 1940 Survey.{Revised series. Steel products, production for sale, have been converted to a short tonnage basis; see table 45, p. 14 of the November 1940 issue. Steel production and

percent of capacity revised completely; for revision through 1939 see table 9, p. 16 of the March 1941 issue; for revisions in 1940 data see p. 49 of the June 1941 issue. Porcelain-enameled products revised beginning 1939 to include data for 99 manufacturers; for 1939 data, see p. 49 of the March 1941 issue.

JData for 1939 revised; for exports, see table 14 ,p. 17, and for imports, table 15, p. 18, of the April 1941 issue.


Monthly statistics through December 1939, to-gether with explanatory notes and referencesto the sources of the data, may be found in the1940 Supplement to the Survey June July August

1940

Sep-tember

1941

October Novem-ber

Decem-ber

Janu-ary



NONFERHOUS METALS ANDPRODUCTS—Continued

Metals—Continued

Copper—Continued.Price, wholesale, electrolytic (N. Y.)

dol. per lb._Production:

Mine or smelter (including custom intake)short tons.-

Refinery ..._doDeliveries, refined, total do

Domestic....--- .doExport do

Stocks, refined, end of month doLead:

Imports, total, except manufactures (leadcontent) ...short tons..

Ore:Receipts, lead content of domestic ore-doShipments, Joplin district^ do

Refined:Price, wholesale, pig, desilverized (N. Y.)

dol. per Re-production from domestic ore. .short tons..Shipments (reported) doStocks, end of month do

Tin:Consumption of primary tin in manufac-

tures long tons..Deliveries (includes reexports) doImports, bars, blocks, etc. § do __.Price, wholesale, Straits (N. Y.)..dol. per lb_.Visible supply, world, end of mo.-long tons..

United States (excluding afloat) d o —Zinc:

Ore, Joplin district: ^Shipments short tons..Stocks, end of month . do

Price, wholesale, prime, western (St. Louis)dol. per lb_.

Production, slab, at primary smelters:short tons..

Retorts in operation, end of mo number-Shipments, total short tons.Stocks, refinery, end of month do—

Miscellaneous Products

Brass and bronze (ingots and billets):Deliveries short tons. _Orders, unfilled, end of month do

Sheets, brass, wholesale price, mill..dol. per lb._Wire cloth (brass, bronze, and alloy):

Orders, new .thous. of sq. ft_.Orders, unfilled, end of month doShipments doStocks, end of month do

MACHINERY AND APPARATUS

Air-conditioning (circulating, cooling, heating,and purifying) equipment, new orders:f

Air-conditioning systems and equipmentfor summer and year-round use

thous. of dol..Blowers and fans doUnit heaters do.__Warm-air furnaces, winter air-conditioning

systems, and equipment.....thous. of dol..Electric overhead cranes:

Orders, now doOrders, unfilled, end of month doShipments do...

Exports, machinery. (See Foreign trade.)Foundry equipments

New orders, net, total 1937-39=100.New equipment doRepairs do

Fuel equipment:Oil burners:

Orders, new, net number..Orders, unfilled, end of month doShipments doStocks, end of month ..do

Pulverizers, orders, new doMechanical stokers, sales:

Classes 1, 2, and 3 doClasses 4 and 5:

NumberHorsepower

Machine tool activity! percent of capacity-Pumps and water systems, domestic, shipments:

Pitcher, other hand, and windmill pumpsunits.

Power pumps, horizontal type doWater systems, including pumps do.. .

Pumps, steam, power, centrifugal, and rotary: jOrders, new thous. of dol..1

0. 1181

82, 67488, 560115, 139115,097

4298, 164

37,1553,824

. 058538, 66957, 96924, 265

14, 880

".526738, 6002, 846

36, 9285, 000

. 0725

62, 23666, 87663, 1597, 404

15, 30830, 762

. 195

1,3522,733

764747

1, 76912, 9611,678

281. 1273. 3304.7

32, 52122, 44832, 68527,202

61

21,387

40093,515

36, 475975

24. 453

2, 613

0.1113

79, 84586, 07765,15561,7163, 439

199, 586

4, 723

36, 9573, 538

. 050034, 04149, 90455, 343

6, 4209, 22511,611. 5454

31, 8695, 300

33,5309, 201

. 0624

48, 21346, 57753, 93566, 907

7,18122, 287.185

6061, 124516693

()4, 9102, 346

6, 791

7612,196334

164.9174.2138.3

19, 6725, 98518,38719, 367

9, 837

21838, 50892.3

41,419928

20,415

0.1056

79, 32790, 99574, 75871, 2263,532

215, 823

16, 581

36, 9884, 393

.050035, 34352, 56047, 360

6, 3707, 3259,185.5159

38, 7366, 567

44,3237, 098

.0025

52, 09847, 54557. 60661, 399

6, 89821, 695.186

4691,099489

0)

4992,430264

194.4209.8147.8

23,0086,97422,01923, 400

47

16, 565

27558, 42688.3

38, 476853

19,113

1,963 t 2.437

0.1071

79, 96780, 85197, 71996, 3831,336

198, 955

10, 230

37, 7592,878

. 048536. 85151,64343, 321

6,65012,47012, 926.5118

38. 0406,583

35, 1168,842

.0639

51,01050, 71564, 06548,344

8, 07617,823.183

5211, 033536694

(0

9572,744643

165. 4167.2160.0

32, 7728,202

31, 54422, 870

38

23,117

35258,41193.3

38, 409247

21,503

2, 556

0.1130

78, 23882, 84396, 48596, 485

185~313

10, 739

35,9163, 688

.049341,52853, 45641, 292

5,80011,41014. 604. 5032

39, 4509,438

34, 25010, 452

. 0692

52, 86953,16467, 65033, 563

8,70631,365.187

4351,039423751

(•)i,8363,845

14, 668

7983,271

282

161.2162.0158.6

41,8958, 60741,49019,617

54

30,951

38680,837

94.9

33, 637905

IS, 657

2, 87S

0.1183

86,91183, 076103, 771103, 771

164,618

27, 739

38, 6414,485

.053139, 22862, 49635, 386

6, 23011,82010,116.5150

40, 6316,623

43, 26911,553

.0725

56, 37253. 97965,71324, 222

10, 09334, 221

.192

5701,094516793

1,6574,109629

264.0284.8201.8

41,0299,056

40, 58018, OfiO

30

25,180

41080, 424

96.8

32, 634874

IS, 688

2,952

0.1180

84, 28396, 283102, 483102, 483

158,418

19,084

36, 4003,446

.057345, 08957,51035, 791

6,22012, 50510, 327.5056

40, 0464,362

29, 53817,045

.0725

56, 45955, 28862, 295

10, 23232,017.192

4561,066482804

(0

1,4975,087615

254.2278.8188.7

22, 7057,56224,19918,415

52

10, 596

24945, 48795.4

30,134906

15, 477

3,025

0. 1180

85,13597, 035112,681112,671

10142, 772

19, 205

38,8474,079

. 055047, 20856, 75540, 926

6,2109, 35814, 504.5011

44, 6789,179

40, 9753,900

.0725

59,88355, 28865, 38532,884

10, 56729, 452.193

433978518763

0)6,5016,086

15,168

4,1728,563825

257.8276.1203.2

17,0168,04316, 53516, 860

44

6,103

25451, 67196.8

20, 813969

11,511

4,042

0.1182

83, 28093, 840119,758119,736

22116,854

19,707

38, 4334,652

. 055054, 65855, 71147, 248

6,60012, 76012,055.5016

44, 7199,442

42,1635,597

.0725

60,41458,00063, 27210, 026

12. 42935,139.195

7041,105572

0)

2, 64010,1741,030

285.3301.8235. 8

18,51310, 35316, 20318, 027

48

5,330

17156,01197.8

44, 332887

17, 666

5,648

0.1179

79,24093,654112,819112.808

1197, 689

14,321

34, 7053,915

. 056047, 76454,85946, 604

6,66012,1959.836. 514044,1077,489

33. 2967,091

.0725

56, 22759, 68859,1687,085

13, 38938,253

.195

7031,317484696

0)

2.29111.0341,102

281.1295. 9236.6

16,32810,59016.09119, 941

56

5, 408

17742, 510

41.504849

16,703

4.482

0.1181

85, 70195, 322134, 339134, 333

689, 873

27, 991

38, 2823,778

. 057746, 74862, 09045,996

8,13016,09213,896. 5205

39,9715,195

38,5664,495

.0725

63, 39061, 22463,4257,050

14,93833, 270.195

7731,493594720

6. 5413,772

8,651

2,37412, 2251, 063

315.2329.3272.7

22, 01314, 44318, 16022, 871

'47

9,710

21552,894

0. 1182

88, 04289, 687123, 629123. 580

4998, 789

39, 764

38. 6655, 126

. 058543, 42359, 16942, 899

' 8, 39013, 95515, 247. 5196

38, 7885, 016

46, 9442,651

. 0725

63, 21064, 69662, 9747, 286

15. 55829, 576. 195

9741,801665736

0)

2, 26513,2981,217

377.2405.3292. 5

23, 64215. 26622, 81923. 701

33

9,9i;

22?55, 38"

0.1182

• 90, 34289, 390144, 293144,293

0' 93, 076

38, 7793, 653

. 058546, 10469, 38234,018

9, 14010, 49013 060

. 521640, 777

7, 205

35, 1964, 600

. 0725

64. 64565, 540

' 63. 604r 8, 327

15, 39030, 535

. 195

1,0612. 153

707704

41, 318 r 43, 601917 r 1, 483

18, 748 | r 20, 953

4,820 | 3,923

74912, 8251,235

298.7291. 2321.0

36. 19422, 61228", 84825 682

84

14, 137

23463, 238

40, 884993

23, 889

5,298f Revised. ^Data for July and October 1940, January and April 1941 arc for 5 weeks; other months, 4 weeks. l Reports indefinitely suspended.tRevised series. Data on air-conditioning equipment compiled on a revised basis 1 eginning January 1939; see p. 50 of the September 1940 Survey. Index of total foundry

equipment net new orders beginning January 1940 is based on average sales to metal-working industries during 1937-39; earlier data are based on the old new orders index il922-24 base) converted to the new base bv dividing by 1.328; index for new equipment and repairs available only besnnnine May 1910.

§Data revised for 1939; see table 15, p. 18 of the April 1941 issue. JThis series has been discontinued by the reporting agency.



19 41 1940

July AugustSep-

tember October Novera-1 Decem-ber ber

1941

Janu-ary



ELECTRICAL EQUIPMENT

Battery shipments (automotive replacementonly):

Unadjusted . 1934-36=100-.Adjusted do

Domestic appliances, sales billed:Combined index, excluding refrigerators:*

Unadjusted index 1936 = 100..A dj listed index do

Ironers, household units .Ranges* doRefrigerators doVacuum cleaners, floor type doVacuum cleaners, hand type do._.Washers, house hold do. _.

Electrical products:Industrial materials, sales billed...1936 = 100..Motors and generators, new orders doTransmission and distribution equipment,

new orders 1936 = 100..Furnaces, electric, industrial, sales:

Unit kilowatts...Value thous. of doL.

Electrical goods, new orders (quarterly)thous. of dol..

Laminated fibre products, shipments doMotors (1-200 hp.):

Polyphase induction, billings! doPolyphase induction, new orders! doDirect current, billings doDirect current, new orders do

Power cable, paper insulated, shipments:Unit thous. of ft..Value thous. of doL.

Vulcanized fibre:Consumption of fibre paper thous. of lb..Shipments . thous. of doL.

(W, 0.-9'377, i'Ml is. ss>>3.1. 7SX

ls\ :;<r,

ll,f>2C>915

2,791

1, 3211, 655

1, 100

91133

114.6104.08,571

33. 403328, 950120,20024, 037112,134

107. 61C0. 9

181.9

5, 381476

268,1201,325

3,0003,186866

1,703

758836

1,999458

130135

101.8104. 3

11,46429, 626

248, 53874, 56520. 045116,422

113.8155. 0

170.2

5,241421

lf~313~

3,0833, 345

9141,437

757998

2,449556

186139

102.5104.9

13, 84829,128

206, 41887, 82023,047

147, 878

126. 5146.6

159.6

5.137372

1,408

3,2803, 536

9151,240

1,253 I1,463

2,443681 !

207133

112.2112.2

21, 00732,167112,309108,56430, 359

149, 002

123.9161.3

119.6

18, 8471,049

411, 5951,454

3, 2073, 6931,0081,371

1, 1541,163

2,373599

208 i123

122.3130. 2

23, 28234, 71488,187114,69938, 270168, 527

147.7254.3

230.7

16,9651,341

1,718

3,7034,7311,2122,674

8911,110

2,582714

198142

91.1128. 6

18, 92525, 24879, 815

112, 30939, 376100,787

148.2223.9

214.2

12, 2281,043

1,812

3,5244,6281,2972,209

739

2,742716

160142

88.4128. 5

23,19124, 626115,23,6125, 03736, 27492, 474

164.8262.0

219.8

31,8661, 766

514,8162,023

4,3586,3971,4122,065

9981,167

2,981805

102128

144.3181.3

20. 98650,516

376, 214117, 40830, 177133,411

187.4220.6

269.0

10, 516924

"2~i23~

4,1214,6351,3991, 862

1,0831,172

3,088926

81128

157.7169.0

20, 49251, 790

358, 402129, 30234, 696

155, 546

194.5275.7

356.5

21. 5081,719

'"% 330

4, 3535,8291,3812,738

1,2841,457

3,012838

81134

192.1145.6

17, 16661, 647

423, 010178, 04546, 284191, 325

223. 3342.0

251. 3

31, 5951, 402

554,1152, 606

4, 6797, 5231, 7622, 938

1,2091,253

3,4481,029

82

203. 9156.8

21. 7K9Go, 092

4S2, 5.S7165,67241. 602

213, (ill

234. 4263. 2

329. 7

13.774997

2.059"

n. 0440. 1951. 3602, 0H0

1.37:',1,59.)

3, 4711, 158

203. 21 ()(). 9

21.70705. 359

433, (170150,81042. 394

200, 030

251. 7443. 0

9. 0S9040

2, 896

5, 5S37,3511,7933, 595

1,3701,751

3, 6351. 177

PAPER AND PRINTING

WOOD PULP

Consumption and shipments: • §Total, all grades short tons._

Chemical:Sulphate, total.... do....

Unbleached doSulphite, total do. . . .

Bleached ,doSoda do

Ground wood doExports, total, all grades* doImports, total, all grades* do

Chemical:Sulphate, total* do

Unbleached* doSulphite, total* do

Bleached* doUnbleached* do.. .

Ground woodi doProduction^

Total, all grades doChemical:

Sulphate, total.. _. doUnbleached do

Sulphite, total doBleached do

Soda do.__.Ground wood do

Stocks, end of month:§Total, all grades do. . .

Chemical:Sulphate, total do

Unbleached doSulphite, total do

Bleached doSoda do

Groundwood doPrice, sulphite, unbleached dol. per 100 lb_.

PAPER

Total paper, incl. newsprint and paperboard:fProduction short tons..

Paper, excl. newsprint and paperboard:fOrders, new short tons..Production doShipments do

r 734, 8!)0

315, 700265, 800221, 800140, 900

r 48.000149,30040, 86493, 358

17,81713, 05853,34930, 29423, 05521,138

729, 984

311,093264, 389221,971141,07648,446148, 474

170,500

14, 4009,900

77, 00049,9004, 500

74, 6003.34

980, 385

471,457454, 898472, 531

730, 900

311,600264, 800230, 700145, 00045, 100143. 50064, 70286, 426

11,3855,546

54, 88227, 66227, 22019, 218

706, 202

310,147264, 238217,261135, 77945, 723133,071

145, 700

12, 8009,200

63, 60040, 7005,100

64, 2003.46

958, 374

398, 861446, 234448,043 1

r 736, 800

318, 700270, 000225, 400139, 90042, 200

T 150 50060,37983, 640

17, 92012, 03655, 31831,37623, 9429,557

739, 052

329,665279,973232,862144, 83442, 737133, 7S8

* 148, 100

23,90019,30071, 00045, 6005,600

47, 6003.46

979, 631

390, 325440, 264428, 306

r 680, 700

301, 800r 252,600209,900129, 60036, 900132, 10032, 25665,554

11,2537,062

40,18821, 24718. 94113, 187

677, 899

309, 348260, 298208,238128,01337, 092123, 22!

145, 200

31, 30026,90069,40044, 6005, 800

38, 7003.46

867, 691

379, 447387, 255386, 431

750, 000

343, 300288, 800210, 000128,80042, 600154,10039, 35968,112

10, 8696,515

43, 50925,11218, 39712,903

760, G23

346, 346292,182223, 951136,70544,00114(5, 325

155, 900

34, 40030, 30083, 30052, 5007,200

31, 0003.46

1,003,971

435, 059442, 610432, 521

732, 900

331, 800281, 200216,600130, 100r 37,800146, 70028, 69370,549

12, 5217,872

46. 42327, 39919, 02410, 745

747, 409

329, 792278, 582218,103126, 16738, 861160, 653

170,200

32,30027,60084, 80048, 6008,200

44, 9003.46

949,422

424, 064420, 810416,419

723, 400

322, 600273, 400214. 200128,300' 44,800141,80036, 62770, 686

14, 4388,414

44, 52023, 60320,91711,030

729, 687

325, 331276,939207,102122, 59145, 376151,878

176, 700

35,10031, 20077, 70042,9008,900

55, 0003.46

908, 471

417,776420,005415,625

r 707, 400

342, 400288, 200223, 200131, 60046, 800155,00023, 50172, 493

15, 67110, 46545,90725, 85920, 04810,199

787, 725

355,713299, 429225, 486135, 87345, 715160,811

197,100

48,40042, 40080,10047, 2007,800

60. 8003.46

1,002.800

488, 585466, 697471,114

r 718, 700

320,500267, 000214,000124, 500r 42, 900141,30024, 87069, 821

13. 6598", 001

45, 55428, 22717, 3279,495

714, 690

323, 258270, 902203, 113120, 59842. 160146, 159

192, 900

51,10046, 30069, 20043, 3007,000

65, 6003.46

934, 996

808, 900

362, 200303, 900242, 600146, 000' 48, 200155.90037, 99984, 907

16, 28710, 26855, 69930, 15625. 54311,731

804, 167

360 073301,654237, 479140, 90048, 290

158, 325

' 188, 100

49, 00044. 10064, 00038, 200'7,10068, 000

3.46

1,052,665

465, 537 505, 856428,857 |'479, 531438,804 |'494,007

815,400

301,900300, 800242, 100140,6004S, 000100, 40048, 73885, 130

14,4319, 845

53, 18430. 57522, 00910,394

809,021

353,07729o!oiO23«. 516143,22747, 022169,170

IS 1,700

37. 80032, 30000, 40031, S00' 0.70070 8003, 40

n, 078,772

T 589, 095'401, S42r 500, 087

818, GOO

387. 000320, 000

r 2IS, 000'• 14S, 700

49, 700103,90024, 17595, 175

15. 1949. 942

01,30033,09227, 00817,029

813. 508

377, Sf)O317,245244,139140.71250, 304171, 275

170,000

28. 00022, GOO50, GOO32, 0007, 300

84, 1003. 40

1,147,041

598, 000r>30,-H7540, 78b

' Revised. v Preliminary. •Domestic pulp used in producing mills and shipments to market.tShown in 1940 Supplement and monthly issues through February 1941 as A. C. motors. TData revised for 1939; see table 15, p. 18 of the April 1941 issue.tRevised series. For revised data on "total paper" and "paper, excluding newsprint and paperboard" beginning 1934, see table 43, pp. 12 and 13 of the November 1940

issue.•New series. Data beginning 1913 for wood pulp are shown on p. 13 of the October 1940 issue. For data beginning 1931 on unit sales of electric ranges, see table 52, p. 18

of the November 1940 issue; the note with regard to the coverage of the industry has been revised to read: The Association believes the coverage for 1936-40 was between 90and 95 percent; no data are available for coverage prior to 1936. Earlier monthly data for the indexes of domestic appliances excluding refrigerators will be shown in a sub-sequent issue.

§ Revised 1939 and January 1940 data on production, consumption, and stocks will be shown in a subsequent issue. Revised data beginning February 1940 areshown on p. 51 of the April 1941 issue, except for groundwood and the totals, all grades, which have been subsequently revised back to January 1910.


Monthly statistics through December 1939, to- j 1941 I 1910gether with explanatory notes and references 1 • j ; jto the sources of the data, may be found in the Fll_n I ,11T1U ,,,. i A i i m ,^ i Sep- I n,lf.,,-u_ i Xovem-1 Decein-1940 Supplement to the Survey j J u n c | J u m j J u l > | A u - U l i > t | tember | O c t o b e r ; ber i ber

1941

Janu- ! Febru-ary | ary March i April j May

PAPER AND PRINTING—Continued

PAPER—Continued

Book paper:o"Coated paper:

Orders, new short tons. . 26,132Orders, unfilled, end of month do 23,354Production do 22,913

Percent of standard capacity 80.8Shipments short tons... 23,388Stocks, end of month do 12, 745

Uncoated paper:Orders, new do 139, 598Orders, unfilled, end of month do 124,805Price, wholesale, " B " grade, English finish, |

white, f. o. b. mill dol. per 100 1b^ 6.80Production short tons. . 128,939

Percent of standard capacity 105. 1Shipments short tons.- 139, 589Stocks, end of month do 47, 614

Fine paper: tOrders, new doOrders, unfilled, end of month do jProduction do IShipments do iStocks, end of month do

Wrapping paper: tOrders, new do |--Orders, unfilled, end of month . . .do . .Production do..Shipments do..Stocks, end of month do..

Newsprint:Canada:

Exports do 263,660Production d o . . . . 273,69;Shipments from mills do | 281,843Stocks, at mills, end of month .do . ! 165,898

United States: jConsumption by publishers do 242,404Imports _ doPrice, rolls (N. Y.) dol. per short ton. J 50. ooProduction short tons ! *3, 962Shipments from mills do | 85, 494Stocks, end of month: j

At mills d o . . . . ! V2<(m

At publishers d o . . . ! 277,681In transit to publishers do ! 49, 087

Paper board: :Consumntion, waste paper do . . . " 374.185Orders, ne-v do j 525,325Orders, unfilled, end of month do . . ! 3X3, 534Production do___.j 504.413

Percent of capacity | 92. 3Waste paper stocks, at mills short tons . I 264,631

PAPER PRODUCTS j

Coated abrasive paper and cloth: jShipments reams.. 130,852

Paperboard shipping boxes: jShipments, total mil. of sq. ft .1 (2)

Corrugated do (2)Solid fiber d o . . . . (?)

PRINTINGBook publication, total. __.no. of editions..

New books doNew editions do

Continuous form stationery, new ordersthous. of sets..

Operations (productive activity) 1923 = 100..Sales books, new orders thous. of books..

894708186

262,591

26, 137

20,3598,618

19,71774.0

20, 69515, 089

119,30066,165

5.95109, 905

91.7114,72759,511

49, 83130,33543, 48945, 77061,901

163,646115,8975 64, 603168,415

79, 929

320, 655315.343338,446180,569

241, 639254, 920

50. 0084, 76285,194

17,543257,567

47, 435

324, 448437, 874195,037440. 725

240, 039

84, 253

0)0)(

949812137

163,49375

17, 999

15,3215, 561

19, 48769.7

19, 61514, 927

90, 25154, 432

14, 8964, 852

17, 33359.7

17. 03815,331

6.23106,715

84.1106, 57260, 424

36,18024. 38842, 89943, 08660, 750

152, 619102,149168. 567167, 70880,961

318,841332,689337,508175.750

206,913 ;261,727

50.0082,57986, 229

13. 893318,60944,679

299,781398. 191 ;160,541429,561 i

70.3 i251,823 •

94. 18346, 206

6.30106.091

78.8103, 83963, 505

34. 68718.81743,41841.41262. 294

144,64981,622

166, 125164. 85281,774

301,654310. 607332, 234160,123

213,105258. 055

50. 0086. 63381,714

18. 812361, 17946, 245

317,909

13, 5204, 845

13, 67257.5

13, 57015, 024

89,05943, 337

6.3080. 512

77.891,93759, 686

35,13017.89337, 39936, 37363,160

133. 38173, 354140,464141. 37380, 398

301, 293282, 322284,133158,312

238, 176239.679

50. 0077, 88377, 470

19. 230364, 20745,919

283, 660414, 966 I 399, 133131,890452, 604

73.9245, 378

82,324 | 98,135

(2) ! (2)

921745176

131.242402, 548

71.2245, 685

101,125

72265171

18, 3345,108

18, 16362.5

19,43114,158

101,66041, 334

6.30106. 482

80.9103, 49363,152

41,64316, 53444, 75143. 44864, 093

165.20976, 590162.492159, 42981, 508

275, 822309, 957287, 943180, 326

261,028229.56150.00

88,19288, 774

18.648339,21142, 039

333,739486,181140.027473.169

77.8249,860

111,106

I

822166

139,161 '• 137,202 i 162,347 170,82879 j (0 I (i) I (i)

18, 203 ! 18, 740 | 16, 910 | 18, 559

15, 9905, 264

16, 04558.0

16, 42413, 633

97, 66745, 775

6.3099. 29877.3

95, 07468, 555

42, 80818, 69642, 99742 37564, 936

158. 15677, 967

157, 204156, 99281,870

276,586282,344286, 739175, 931

251, 457257, 020

50. 0085, 33887, 331

16, 655327,91339,188

322, 99142fi, 614128.222443. 274

75 7260, 320

101, 925

0)

1,027916111

157,474

0)17, 405

16. 9686,174

17, 72665.9

15, 96715, 326

98. 67948, 845

6.3096, 22978.8

96, 37866, 574

40, 30917, 75142,01741,07867,178

156, 57684, 749

154, 819149. 79486, 875

263, 450252, 897276, 457152. 371

256, 036217, 323

50. 0080, 83784, 037

13, 455308, 88047, 592

275, 353393, 026115,143407, 629

70.7269, 755

90, 670

$

1,122889233

183, 392

0)17, 481

20, 5466,772

19, 63667.6

19, 94314, 971

117,43555, 711

6.30107, 721

81.0109, 98264,141

49, 49221,34245,16946, 75066, 826

177,00789, 722

172, 622172,17689,015

211,022261.298243, 394170, 275

229, 799192. 240

50. 0089,12484,141

18, 438301, 56234, 719

322, 408520, 931160, 561446, 979

76. 1264, 393

106, 890

$

56850860

171,273

(019, 947

20.1078,532

18, 94973.4

19, 28014, 622

113,64061, 920

6.30104,071

86.8107, 35961, 373

48, 69922, 69642, 60444.03265,041

167,13596,294157,757158.72684,075

219.464245, 607239, 745176,137

219, 362187,170

50. 0079. 72081,241

16, 917284,79942,163

310,969470. 671202,284426,419

81.5260,890

116,944

$

891722169

192, 228

0)18, 328

21, 8629.076

22, 16780.8

22, 05914, 397

133, 97070, 048

6.30120,879

93.8125, 40456, 721

r 56,550r 35,612r 47, 598r 47, 819r 65,187

214, 238135, 387174, 357177, 16387, 556

232, 197275. 769265, 724186, 182

258, 518221. 542

50. 0087. 37685, 503

I18,790 j

252.85644, 312 |

371,253 I543,988 !252,611 j485,758 j

85.4 '253, 009

137,177

(2)

(2)

28, 27614, 09122, 230

81.022, 64813, 923

150, 70793, 257

6.30121,913

95.4127, 58750, 754

' 67, 507r 49, 742r 49, 112* 52, 791r 62, 818

219, 505170,815179, 601184,01586, 685

276, 452279 996285, 789180, 389

256, 431237, 639

50. 0087, 00091,487

14,303255,58846, 679

357, 901580, 038330, 779499, 930

87.9262, 398

129,119

1,310 9181,100 i 800

210 ! 118j

207.715 I 188,909

(') 0)19,621 21,331

33, 03920, 61323,97184.1

24,57913, 281

165, 927119, 533

6.55134. 371100.6

136,29649, 687

68,93866, 49052, 72755, 56659, 474

210,195179,794195. 764201,33079, 864

268,706284, 767291. 112174,044

260,827276. 257

50. 0090, 91391, 689

13, 527252,38151.197

377. 595572, 522370,151526, 280

89.4269, 737

135, 571

1,051887164

203. 3270)

24, 470

RUBBER AND PRODUCTS

84,912

65, 093.219

175, 499

339, 108

22. 55923,79036. 265

47, 834108,15653,889

222lioi348487, 000235,000119,13819, 50078, 029

154, 313

15,16316,58127, 70139, 844

48, 354 53, 307

69,474.211 !

127,313533,000250.000139, 62926,50080, 600

175, 455

14,53914,29927,129

73, 028.196

120. 857566. 000255.000 I141,286 !36,000 j80,375194,700

14, 46417, 10128,520

52, 469103,74478, 972

.193133,784609, 000265. 000137. 88850, 00073, 799

220, 597

14,83510,37929 03935, 735

i9, 644 57, 716

74, 696.203

126, 228

(2)265,000166, 837(2)

75, 877235, 353

16,80719, 30030,810

72,901.216

99. 254(2)

250,000158. 095(2)

77,471250, 412

16,31217,63631, 459

59, 709118,314

97, 984.208

127.189(2)

250, 000145, 950

(2)75, 560

288, 8G4

17, 39719, 23932. 63641.176

65,989 62, 692

86, 833.199

126,575(2)

265, 000153,169(2)

'84,343309,411

19, 08620.41333,380

73, 973.204

90, 607(2)

245, 000136,955

r-)102,425320, 373

18, 22219, 50633. 654

69, 024132, 89787,123.221

'139,164(2)

260, 000140, 228

(2)85, 458338,147

19,61122, 00635, 02846,181

71,374 • 71,365

101,404.239

147, 459

CRUDE AND SCRAP RUBBERCrude rubber:

Consumption, total. long tons..For tires and tubes (quarterly) do

Imports, total, including latext doPrice, smoked sheets (N. Y.) dol. per lb._Shipments, world § long tons..Stocks, world, end of month ..do

Afloat, total doFor United States do

London and Liverpool doBritish Malaya doUnited States. do

Reclaimed rubberConsumption .doProduction doStocks, end of month do

Scrap rubber consumption dof Revised. ' Discontinued by reporting source. * Reports indefinitely suspended.

tRevised series. For revised data for fine and wrapping papers beginning 1934, see table 43, pp. 12 and 13, of the November 1940 Survey.tFor monthly data for 1913 to 1938 corresponding to the monthly averages on p. 148 of the 1940 Supplement, see table 28, p. 18, of the May 1940 Survey; for revised data

for 1939, see tablp 15, p. 18 of the April 1941 Survey.cf In recent months, the number of companies reporting has fluctuated to such an extent that tonnage figures are not comparable from month to month.^Beginning with the January 1941 Survey, data for world shipments of crude rubber are from the Statistical Bulletin of the International Rubber Regulations Committee

earlier data from this source have been in close agreement with data compiled by the Bureau of Foreign and Domestic Commerce, shown in previous issues of the Survey.

63.305.228

114.885(2)

275,000153. 484

(2)95. 322

329, 767

20, 42721,57435, 336

r 359,234

r 21, 405

r 35, 871



1941

Jane June July August

1940

Sep-tember October Novem-

berDecem-

ber

1941

Janu-ary


RUBBER AND PRODUCTS—Continued

TIRES AND TUBES

Pneumatic casings:Production thousands -.Shipments, total do

Original equipment.. - doReplacement equipment doExports - do

Stocks, end of month. - do....Inner tubes:

Production doShipments, total do

Exports doStocks, end of month do

Raw material consumed:Crude rubber. (See Crude rubber.)Fabrics (quarterly) thous. of lb_.

RUBBER AND CANVAS FOOTWEAR

Production, total thous. of pairs..Shipments, total doStocks, total, end of month do

6, 3637, 6642, 757

7, 079

6, 2806, 922

7, 054

6, 2785, 668

13, 834

5,1316,8031,9254, 781

968,871

4, 3515,686

746,849

70, 972

4,5283,737

18,886

4,7884,318

8583, 350

1109,350

4,0203,793

897,096

3,3234,567

17, 641

4, 6764,123

7053, 303

1159,911

4,3063, 600

967,794

4, 583 4, 0465,808 6, 200

16, 386 14, 232

66,849

5,4864,8502,2912,430

1289,797

5,1134,474

967,633

5,9396,614

10,377

5,1614,8962,5462,197

15310,029

4,8874,610

1027,924

5,5435,166

10, 754

5,6865, 5172,6382,722

15810,149

5,3495,181

1378,060

83, 371

5,8275,359

11, 222

5, 8236,0502, 3343, 537

1789, 958

5,4965, 371

1278,143

6, 6285, 555

12, 272

6,0737, 7332, 7004, 873

1608, 373

5. 8556, 324

1097, 686

6, 0845,134

13,223

STONE, CLAY, AND GLASS PRODUCTS

PORTLAND CEMENTProduction thous. of bbl_-

Percent of capacityShipments thous. of bbl_.Stocks, finished, end of month doStocks, clinker, end of month do

CLAY PRODUCTSCommon brick:

Price, wholesale, composite, f. o. b. plantdol. per thous..

Shipments thous. of brick..Stocks, end of month do

Face brick:Shipments doStocks, end of month do

Floor and wall tile shipments:Quantity.. thous. of sq. ft..Value thous. of dol--

Hollow building tile:Shipments _ .short tons. .Stocks, end of month do

Vitrified paving brick:Shipments thous. of brick _.Stocks, end of month. do

GLASS PRODUCTSGlass containers:

Production.. __.thous. of gross-.Percent of capacity

Shipments, total thous. of gross..Narrow neck, food* doWide mouth, food* doPressed food ware* doPressure and non-pressure* do. . . .Beer bottles*.. doLiquor ware* doMedicine and toilet* doGeneral purpose* doMilk bottles* do.....Fruit jars and jelly glasses* ..do

Stocks, end of month . doOther glassware, machine-made:*

Tumblers:Production thous. of doz_Shipments doStocks do

Table, kitchen and householdware, shipmentsthous. of doz .

Plate glass, polished, production.thous. of sq.ft —Window glass, production thous. of boxes..

Percent of capacityGYPSUM AND PRODUCTS

Crude:Imports . short tons._Production do

Calcined, production doGypsum products sold or used:

Uncalcined doCalcined:

Building plasters doFor mfg. and industrial uses doKeene's cement doBoard and tile, total thous. of sq. ft...

Lath doTile.. doWallboard . . - . do. . . .

15, 22274.0

16,10921,863

5, 779

12.483(')0)

0)0)

(00)

6,16696. 0

6, 865358

1, 44747

763605

1. 0281, 695

' 477262165

8, 397

4, 8574, 8637, 820

3, 06918,534

1,30480.3

12r t

49038.8

13, 22324,

5,010907

12, 29056.0

13,44222,855

5. 559

12,71257.8

14,01821, 549

5, 158

12.116186, 472397, 336

61,195253, 326

4,9941,254

84, 339361, 759

5,08144, 049

4,42969.1

T 5, 226281932

31640781842

1,131273200102

9,180

3,6483, 6287,560

2, 1859,783

90855.9

313,340917, 234869, 174

263,028 . . . . . . . .

12.101193, 479402,159

62, 330250, 730

5, 8221,449

89, 810357, 266

6,14843, 383

4,78071.7

4,532315 I953 j28 I466 I358 |624 i

1,129285207149

9,331

12.094187, 648422, 005

64, 490248, 531

13,10561.8

14, 74119 9214,829

12.121182, 785436, 436

60, 977250, 617

6,546 I 5,6711,643 1,444

94, 442 85, 767357, 421 382, 0668,383 I 7,09437,425 I 34,738

5,07073.3

4,653 !657 i

1,01634 i304 !186 !456 !

1,363304208 |106

9, 655

3,5953,5987,572

2,0888,522

99461.1

3, 8413, 8137,597

3, 32512, 533

99361.1

509, 60230,444

7,303519,767384, 1958,329

127, 243

4,28969.74,5658208793214591726

1,28431320849

9,292

3,4503,3317,737

2, 64714,0911,002

61.7

_l 531,032j 1,128,862

-j 969,578

13. 93563.7

15, 77618, 0084,470

12.147213. 800445, 304

70, 864242,100

5, 8601,470

90, 359382,092

7, 36534,510

4,86470.34,81642395040106105

1,0281, 60832320114

9,247

3,8873,6427,991

3,76317,0701,34983.1

250,080 j

556, 56029,850

7, 393591,878453, 124

8, 475130, 279

12. 72560.1

10, 37220, 3534,558

12.148162,829468,962

47, 056251,593

5, 1811,344

64, 313391,531

5, 76932,031

4, 35267.94, 078

17080831126102

1,1371,2302581975

9,432

3,0562,8048,160

3, 00616,0591,26478.0

11,19551.28,192

••23,379 I4,886

12.195144, 327478,411

40, 559265,825

4, 7241,249

58,565407,618

2, 51630, 288

4,20365.63,532

13868633189154803

1,0412691983

3,1992,8768, 455

2, 45617, 4911,45889.8

387, 9691,033,403888,078

244,975

430,09033, 358

44621. 768388, 2306,816

226, 722

9,02142.47,984

24, 4165,092

12. 2010)(0

0)0)4, 5651,195

1,80130,580

4,51765.04,177

18996141224140589

1,4683372069

10, 109

3,2002,641

2,31619, 3501,56196.2

8,34543.4

7, 45625, 3075,520

12. 2420)0)

0)0)

4,3681,117

0)(0

1,01530s442

4,36870.84,27320590937275167676

1, 4333511998

10, 097

3,6944,0048,419

2, 90515, 6641,39786.1

10, 59649.8

9, 91525, 9886,276

12. 3280)0)

0)0)

5, 5971,387

(0)

1, 08830, 402

5,12876.7

5, 117240

1,03842412368843

1, 49343421313

9, 979

4,2004,4248,115

3,40018, 2661,41787.3

175,467811, 500764, 500

200, 630

373, 50336, 027

6, 450539, 000322, 700

7, 100209, 200

12, 19659. 3

14,132

14,73209. 4

10,04824, 056 r 22, 750

6, 207 I 0, 005

12.3230)0)

0)0)5, 2191, 363

((0

5, 32579.7

5, 573289

1,11335

633418805

1,522405229

419,612

3, 8384, 3S77, 499

3, 92218, 344

], 40080. 3

12.4040)(0

(00)6,1701,630

()0)

6, 24693. 5

6, 402320

1,21249

779548991

1,609453272136

9, 244

5, 5485, 0557, 896

3, 37218.394

1, 28278. 9

' Revised.• N e w series. D a t a for glass containers beginning J a n u a r y 1934 are shown in table 49, p p . 16 and 17, of the N o v e m b e r 1940 issue; earlier da ta on glassware other t h a n con-

ta iners are shown in table 2. p . 17, of the J a n u a r y 1941 Survey.1 Comparab le da ta no longer available. These series will be replaced b y new da ta when sufficient historical figures become available.



1941

Juno

1940


berDecem-

ber

1941

Janu-ary

Febru-ary March Apri 1 May

TEXTILE PRODUCTS

CLOTHINGHosiery:

Production thous. of dozen pairs.Shipments do - . .Stocks, end of month do . . .

12, 53111,93325, 032

COTTONC onsum ption bales..Exports (excluding linters)§ doImports (excluding linters)§ doPrices received by farmers dol. per Ib._Price, wholesale, middling (New York)..doProduction:

Ginnings (running bales)* thous. of bales..Crop estimate, e q u i v a l e n t 500-lb. bales

thous. of bales..Stocks, domestic cotton in the United States,

total thous. of bales..On farms and in transit. doWarehouses doMills do

COTTON MANUFACTURESCotton cloth:

Exports§ thous. of sq. yd. .Imports§ doPrices, wholesale:

Mill margins . . cents per lb__Print cloth, 64 x 60 dol. per yd__Rheeting, unbleached, 4 x 4 do

Finished cotton cloth:Production:

Bleached, plain thous. of yd.-Dyed, colors doDyed, black.. doPrinted do

Spindle activity:Active spindles . thousands..Active spindle hrs., total mil. of hrs_.

Average per spindle in place hours._Operations^ pet. of capacity..

Cotton yarn, wholesale prices:22/1, cones (factory) dol. pe r lb^40/s, southern, single, carded, Boston...do

RAYON AND SILK |Rayon: !

Deliveries (consumption), yarn*., mil. of lb . JImports^ thous. of lb... |Price, wholesale, viscose, 150 denier, first I

quality, minimum filament,*...dol. per lb__'Stocks, yarn, end of rno.J mil. of lb__

Silk:Deliveries (consumption) bales. _Imports, raw§ thous. of lbPrice, wholesale, raw, Japanese, 13-15 (N. Y.)

dol. perlb._ iStocks, end of month: |

Total visible stocks... bales._;United States (warehouses) do j

iWOOL |

Imports (unmanufactured)§ thous. of lb__jConsumption (scoured basis) : j

Apparel class do |Carpet class do j

Machinery activity (weekly average) : jLooms: |

Woolen and worsted: jBroadO thous. of active hours __•Narrow do j

Carpet and rug do jSpinning spindles: I

Woolen O do jWorsted© . do |

Worsted comb s do IPrices, wholesale: j

Raw, territory, fine, scoured dol. per lb.-lRaw, Ohio and Penn., fleeces do 1Suiting, unfinished worsted, 13 oz. (at j

mill) dol. per yd._!Women's dress goods, French serge. 54" (at

mill) dol. per yd_.Worsted yarn, %2's, crossbred stock (Boston)

dol. per lb_-Receipts at Boston, total thous. of lb . .

Domestic . - . - do 1Foreign do

Stocks, scoured basis, end of quarter, total |thous. of lb-.j

Woolen wools, total do jDomestic do 1Foreign do j

Worsted wools, total do jDomestic do jForeign. d o — |

875,

. 128

. 141

;, 353989

1,521, 843

21.81. 088. 093

22, 9921), 932

408121. 5

. 365

. 433

21,6,

I

955960281

11. 9

219321

38. 6

. 5304.3

24.251

3.019

204. 60653, 43t'i

41,90411,172

2. 58494

260

110, 218125,606

231

1. 08. 40

2. 030

1.312

1. 63882, 82732, 83749, 990

207, 75461,72931,474

145, 86353, 82392, 040

9, 7118, 835

26, 384

565,416133, 530

12, 374. 095.107

11,400753

9, 5451,102

24, 6276, 329

10. 68.046.057

109. 27878, 4684,612

80,744

31.4669

.53012.8

17, 3072, 356

2.724

90,12241,822

19, 3735,798

1,40770

149

68,17365, 973

137

.88

.39

1.114

1.25044, 89641. 7903,106

128, 58547,508 i35,183 I12,

9,4189,244

26, 701

622,136,

18,

723 I751 !254095104

32

10,

26, 2884,767

11.00.047.058

120, 70992, 116

6.49188, 482

21,9197.548

30586.6

.227

.325

32. 1391

.53011. 1

22, 7663,827

2.540

115, 11143,211

17,502

28, 4316,061

* 1,561r 65125

72, 86573,251

<• 142

.87

.39

1.931

11. 17412. 39625,621

654, 50364.74310, 153

.092

.098

606

1.

1.52,44,

8,

114

290905472433

22,31612,5519,085

680

24, 4095,216

11.23.048.058

129.250102, 085

6,786100, 752

22. 0787,872

31890.4

.227

.325

34.0441

.5309.9

30, 1894,761

2.529

151,69846, 898

16, 099

24,7997,571

r 1, 69 i63

166

' 80, 479• 85, 408

146

.89

.39

1.931

1.114

1.25630, 27822, 5407,738

11,25712,76224, 258

639, 25290, 5553,991

.092

.097

3,924

21.63810, 20310, 703

732

24,4136, 919

12. 26.050.059

132,912108, 029

5,924104,345

22, 2787,867

32096. 7

.227

. 325

30.9

.5308.3

28, 8283, 739

2.561

172, 25444, 454

21,831

28, 6097,941

1,74460

177

• 83, 721• 87, 902

158

.40

.1.918

1.114

1.28829, 96122,912

7, 049

127, 54641. 33829.450

13, 58614,10923,879

770, 702194, 251

15, 926.094.096

9,084

12, 57912, 97523,626

744,088144.710

12, 026.094.100

10, 870

20, 8425, 719

13, 8261,297

26, 7095,136

13. 31.052.062

154,479126. 610

8,238110,657

22, 4579.276

378103.3

.257355

36.7386

.5306.9

39, 8776,490

2.698

184, 79748, 297

33, 981

39, 24011,387

r 1,892

'205

'•88,051104, 13S

' 181

1.05.44

1.931

1.153

1473016

395060393667

19, 8083,488

14, 6971,623

29, 95411,420

14. 24.054.065

164, 079129. 878

6, 535105, 468

22, 6868,614

352105.9

.267

.377

34.81,576

.5306.7

36, 3747, 219

2. 585

195. 33060, 330

34, 631

33, 8218,969

r 2 09272

198

r 90, 323102,813

179

1.10.46

1.931

1.213

1.48836,12316, 32819, 795

11, 279 12, 74711,536 11.82223.511 24, 435

775, 472107, 375

5,906.093

.102

11,433

1 12, 55418,9242,137

15,0141, 773

27, 7347,581

14. 50.054.066

155, 770119,889

5, 668108, 886

22,8188, 657

353105.0

.268

.403

34.02, 466

.5306. 3

23,1134,429

2.562

225, 24872, 248

56, 313

34, 0129, 352

' 2, 245r 67

r 200

T 92,553105,826

' 186

1.10.46

1. 931

1.213

1. 45049,5976,298

43, 299

142,152

843, 27452,1849,624.095.104

11,931

18, 0331, 583

14, 6361,814

34,9447,060

14.94.055.067

164, 610122, 954

6, 304107,857

22,8219,901

404112.1

.272

.404

35. 01,660

.5308.9

28, 4253, 263

2. 560

224, 36363,433

72, 677

40,11510,965

2,19771

201

90,418104,279

192

1.10.44

1.213

1.45050,3654,633

45, 732

11, 55811,57324, 419

12,10512,49524,029

793,6014,

626597210094107

8549728

.

179292184097108

12, 287

17,1931,337

14,009 '1,847

33, 9379,791

16.00.057.073

159,429120, 108

5, 528107, 358

22, 7698,920

365114.0

.274

.390

31.61,774

.53010.0

28,1112, 430

16,1881,135

13, 2091, 844

38,5137,796

18.17. 066.078

175, 144141,056

6, 270126, 671

22, 7969, 573

392116.7

. 288

.388

35. 42,261

.53010.2

25, 8283, 453

2. 589 I 2. 816

214,836 211,17454, 106 49, 904

73, 045

36, 23210, 712

2,41180 !

233 !

72, 458

39, 41611, 008

2,42885

246

98, 398 ! 99, 589115,206 ! 115,309

210 ; 216

1.09 !.44 i

1.08.46

2.005 | 2.030

1. 213 I 1. 225

1. 163 ,51.809 '

4. 12947, 680

1.5194v»,410

7. 15142, 259

'164,331 !

12,871 I 12.62112.737 i 11.75024, 162 f 25,034

920. 14274. 00918.816

. 105

. 113

918.90271. 53930. 853

. 117

. 129

48,388 ! ' .")(). ssf} i

81,07759,43621,641 i

11,88886, 20857, 21928, 989

651 I . . . . . . r'2(\,'.m"o>7 ' ' 2 4,55320, 737

93,764 ! _. r i n , H;>29,009 ! 17,93364,755 I ! T 95. 512

15.2241.023

12. 3391,862

37. 9178, 828

19. 81. 072. 084

178. 53S146,235

6, 543122,215

22. 787J 0, 289

'421119.6

. 338

.419

38.71,611

7.4

23, 53s3.551

210,74349. 373

40, 97013, 095

:, 45(

14. 2601.0S3

11.3211, 856

44, 9726. 0S0

20. 85. O.sO. 088

1*2. 003145.612

6, 989119,222

22, 98010. 287

. 366

. 430

r 40. 21, 301

22.4403. 509

? H , 71150, 34 1

41, 03210, ">ss

:. 49193

241

106.119,

SSI)

• •10

1. OS. 45

2. 030 '

.45

!. 030

275

2102vf

51,'

r Revised. 1 Doc. 1 est imate of 1940 crop. 2 Includes 162,000 lbs. of certificated scoured wool in licensed public warehouses.§ Da ta for 1939 revised; for exports, see table 14, p . 17, and for imports , table 15, p . IS, of the April 1941 issue. 0 Total ginnings to end of m o n t h indicated.f Da ta for Ju ly and October 1940, and January and \ pril 1941 are for 5 weeks; other months , 4 weeks.t M o n t h l y data beginning January 1930, corresponding to month ly averages shown on p . 155 of the 1940 Supplement , appear on p . 18 of the April 1940 Survey.*New series. For month ly data on rayon yarn deliveries beginning 1923, see table 41, p . 16, of the October 1940 issue. The new rayon price series replaces the data shown

in the 1940 Supplement ; earlier mon th ly data will be shown in a subsequent issue.©Revisions for 1940 not shown above: Woolen and worsted broad looms—Jan.. 1,854; Feb. . 1.589; Mar. , 1,128; Apr., 1,086; M a y , 1,223. Spinning spindles—woolen, Jan. ,

73,269; Feb. , 70,811; Mar. , 55,952; Apr., 54,205; May , 60,582; worsted, Jan. , 71,289; Feb. , 67,492; Mar. , 51,867; Apr. , 51,298; M a y , 61,192.



1941

June

1940


berDecem

ber ! JanuaryI

Febru-ary

1941

March April May

TEXTILE PRODUCTS—Continued

MISCELLANEOUS PRODUCTS

Buttons, fresh-water pearl:Production pet. of capacity..Stocks, end of month thous. of gross..

Fur, sales by dealers thous. of doL.Pyroxylin-coated textiles (cotton fabrics):

Orders, unfilled, end of mo..thous. linear yd..Pyroxylin spread thous. of lbShipments, billed thous. linear yd. . .

0)(03, 495

9, 5587,1517,138

28.86,4372,403

2,2443,9314,030

30.46,3043,377

2,8074,4354,430

44.66,4004,273

2,4995,3665, 353

50.76,4993,734

2,8605,1285,106

0)0)1,894

3,0125, 8515, 842

0)0)2,229

3,8015,7765,776

0)0)

r 2, 894

3,6945,4635,718

0)0)

r 5, 704

3,8965,9935,881

I1)0)

' 6, 004

4,4436,2626,499

0)0)

r 4, 505

5, 5206,7597,100

0)0)

T 5, 769

5, 5886, 9317,317

0)r 5, 166

6, 1737,315

r 7, 906

TRANSPORTATION EQUIPMENT

AIEPLANES

Production, domestic civil aircraft§_. .number.Exports} . do. . .

AUTOMOBILESExports:

Canada:Assembled, total - . number..

Passenger cars doUnited States:

Assembled, totals . . . d o —Passenger cars} doTrucks^ do

Financing:Retail purchasers, total. -thous. of doL.

New cars.... doUsed cars . ..doUnclassified do

Wholesale (mfrs. to dealers) doFire-extinguishing equipment, shipments:

Motor apparatus number..Hand extinguishers. ._ do

Production:Automobiles:

Canada, total ____ doPassenger cars do

United States (factory sales), total...doPassenger cars__ _ ..doTrucks ._ do

Automobile rims. ._ thous. of rims..Registrations:

New passenger cars number..New commercial cars do

Sales (General Motors Corporation):World sales:

By U. S. and Canadian plants doUnited States sales:

To dealers._ doTo consumers ._ do

Accessories and parts, shipments:Combined index Jan. 1925=100...

Original equipment to vehicle manufac-turers Jan. 1925=100..

Accessories to wholesalers.. doService parts to wholesalers doService equipment to wholesalers._..do

RAILWAY EQUIPMENT

(Association of American Railroads)

Freight cars, end of month:Number owned thousands..

Undergoing or awaiting classified repairsthousands..

Percent of total on lineOrders, unfilled cars-.

Equipment manufacturers doRailroad shops do

Locomotives, steam, end of month:Undergoing or awaiting classified repairs

number..Percent of total on line

Orders, unfilled ...number..Equipment manufacturers doRailroad shops do

(U. S. Bureau of the Census)

Locomotives, railroad:Orders, unfilled, end of mo., total.._number_.

Domestic, total . doSteam... . .._ doOther . . .do

Shipments, domestic, total ..doSteam ..doOther do

Locomotives, mining and industrial:Shipments (quarterly), total* number..

Electric, totalJ do. . . .For mining use do

Other* do

()(2)

25, 7538, 538

520, 521418,983101,538

2,309

240, 748

224, 119235,817

279140231229

1,661

855.2

91,41669, 14022, 276

4, 80212. 3

205234

31

88283924959073

66

599372

6,2991,382

14, 6096,4638,146

166, 92295,03871,241

642162,101

7137,762

17,9308,739

344, 636286,04058, 5961,266

318,61543, 504

167, 310

151,661173,212

140

13986165117

1,646

1539.5

16, 9339,9746,959

6,65316.5978413

146124814335530

665235

8,7743,523

11,2633,7277,536

166, 03492, 74472, 626

664141,977

14, 4683,397

231, 703168, 76962. 934

825

315, 24650,913

110, 659

99,664145,064

126

10193172120

1,642

1449.0

19, 76513, 477

6,50616.2

115100

9

2322098712230723

383

9,8771,558

6,5392,3394,200

137,96171,57465, 774

61342,111

13,9931,510

75, 87346, 82329,0501,075

211,03148, 980

24,019

21,154100, 782

14798196126

1,641

1388.6

18, 45612, 2786, 178

6,22615.51141086

27725210914354846

802284

9,0051,096

5,7532,5913,162

109, 96255,79753, 711

454114, 874

15, 4753,410

269,108224, 47044, 6381,356

148, 00039,224

124, 692

116,03197,527

185132200139

1,642

1318.1

16, 8929,0107,882

6,27615.713011812

27225112612540040

138676771

938334

8,859132

16, 8577,0719,786

151, 89989,47561,933

492221,253

21,1517, 056

493,223421,21472, 0091,759

290, 49548,356

226,169

207,934186,016

190

235149199142

1,638

1177.3

27, 45918,7008,759

6,15515.41311229

26924312511852844

697287

8,449

19, 9439,52510, 418

152, 00988,57562, 928

507220,941

23, 62110,814

487, 352407,09180, 2611,808

301, 43046,618

217, 406

198, 064181, 421

183

231125ISO156

1,638

1147.1

30,18422, 7387,446

6,07615.2

116103

13

2852441221227324

509366

13, 276611

18,0177,782

10,235

160,95693,35067,065

541253,778

0)()

23, 36411,653

483, 567396, 531

87, 0361,790

334,07351, 095

223, 611

204, 473174,610

228122180143

1,640

1096.8

34, 20225. 8668,336

5,91414.9

115102

13

354315115200

682246

13255

645458

8,796

15,9127,2468,666

147,18680, 73965, 939

509236, 871

23,19511,990

500, 863411,23389,0302,032

299,17961,712

235, 422

218, 578168,168

245115170162

1,642

1086.7

40, 03026, 42713, 603

5, 85314.7

120107

13

460415129286

6315

574344

8,5741,036

17, 2526,943

10, 309

158, 69389, 54168, 574

579248, 288

23,71010, 647

485, 616394, 51391,1032,131

300,40655,900

226, 609

208, 214187,252

214

244115174182

1,641

1076.6

37, 98123,78714,194

5,81214.7

132113

19

515468157311

445

39

597481

11,177797

21,0648,834

12,230

202, 793118,36983,815

608270, 487

26,04412,093

507, 805410,196

97, 6092, 666

420, 05867,798

247,083

226, 592253, 282

210

232128108214

1,644

1016.3

41,09127,75613,335

5, 70414.1

166148

18

645602196406

681157

150585792

593571

9, 405312

18, 5308, 5749, 902

230, 800130, 40499, 582

754243,103

27,58412,091

402, 270374,979

87, 2912,682

489, 07470,269

255, 887

233. 735272, 853

278132218199

1, 647

905.9

55, 40442, 10213, 242

5, 53514.0

211189

22

022575188387

0510

511

14, 457490

21,9009,012

12,957

26, 5859,840

518,748417,698101,050

2,408

515,03472,170

217, 120265, 750

282130215208

1, 650

945.8

64, 02749, 10814, 919

5, 18113. 1

231201

30

734686197489

749

65

1 Temporarily discontinued by reporting source.r Revised. * Preliminary. > Comparable data not available§ Designation changed from "commercial licensed" or "civil aircraft"' (1940 Supplement).încludes straight electric types only (trolley or third-rail and storage battery); data for 1939 and earlier years, published in the Survey, include some units of only partial

United States manufacture and fire not comparable with data here shown.TData revised for 1939. See table 14, p. 17 of the April 1941 Survey.•New series. Comparable data on total shipments are available only beginning January 1940. "Other" includes Diesel-electric, Diesel-mechanical, and gasoline orsteain

locomotives; these are largely industrial; for data beginning with the first quarter of 1939, see p. 55 of the May 1941 Survey.

8-38 SURVEY OF CURRENT BUSINESS August 1941


1941

June

1940


berDecem-

ber

1941

Janu-ary

Febru-ary March April Ma\

|TRANSPORTATION EQUIPMENT—Continued

RAILWAY EQUIPMENT—Continued

(American Railway Car Institute)

Shipments:Freight cars, total number -

Domestic . . . doPassenger cars, total do

Domestic do(U. S. Bureau of Foreign and Domestic Commerce)

Exports of locomotives, total numberElectric doSteam do

INDUSTRIAL ELECTRIC TRUCKSAND TRACTORS*

Shipments, total . . numberDomestic doExports do

26623828

1, 5881,478

55

1413

1

135121

14

1,5431,543

280

14122

128120

8

2,3562,356

1212

16133

13412410

2,8882,836

1010

1394

141134

3,7043,586

1010

19145

165157

8

4,1343,981

88

1110

1

180174

6

4,6244,301

5454

431

20216537

5, 2725,256

0o

1284

20617333

4,1224,057

22

17125

24221626

5, 0224,987

2121

1165

2662L4

52

5, 4485, 300

1818

24

263

8

421923

21718037

CANADIAN STATISTICS

Physical volume of business, adjusted:fCombined index . . . 1935-39=100

Industrial production:Combined index . . _ do . .

Construction doElectric power do _Manufacturing do

Forestry doMining . - _ . . - . do . .

Distribution:Combined index ._ _ _ do

Carloadings doExports (volume) . . . doImports (volume) doTrade employment do

Agricultural marketings, adjusted:!Combined index do

Grain -- doLivestock do

Commodity prices:Cost of livingt - doWholesale nrires 1926 = 100

Employment (first of month, unadjusted):Combined index _ . _ do ..

Construction and maintenance do...Manufacturing doMining - doService doTrade - - do ..Transportation _ do. ..

Finance:Bank debits mil. of dolCommercial failures .numberLife-insurance sales, new paid for ordinary t

thous. of doL .Security issues and prices:

New bond issues, totalt doBond yieldsf 1935-39=100-Common stock pricesf do .

Foreign trade:Exports total thous. of dol -

Wheat-- .thous. of bu__Wheat flour - . - thous. of bbl .

Imports thous. of dolRailways:

Carloadings thous. of carsFinancial results:

Operating re venues thous. of doL.Ooeratins expenses doOperating income . . . do

Operating results:Revenue freight carried 1 mile-mil, of tons..Passengers carried 1 mile... mil. of pass...

Production:Electric power, central stations

mil. of kw.-hr...Pig iron thous. of long tons-.Steel ingots and castings doWheat flour thous. of bbl

110.590.0

72

33, 670

96.464.0

146, 82223,114

114,924

112187

120.0

132. 1157.4124. 2128.6136.0137.3

99.3114.9154.2124.6109.8

116.9127.392.2

104.981.6

120.990.5

129.2166.7142.5140.790.3

2,68291

28, 530

75, 793101.465.5

111,62213, 570

50990, 705

240

36, 91427, 5577,657

3, 504180

2, 57989

1661,170

120.9

131.9130.2128.6133.8137.3126.5

102.1126.8139.3130.6109.9

167.0185.3123. 3

105.6••82.6

124.7105.0130.3167. 2149.2142.893.7

2,62399

28,159

83,162101.166.1

101,46311,868

31489,496

248

38,39830, 4026,042

3,260219

2,61596

1701,223

128.6

143.9169.3119.4143.9134.4142.3

102.3120.0153.4141.4110. 6

132.8141.2113.0

105. 9r 82. 6

127.9114.3134.4168.1155.4141.494.8

2,45886

24, 698

84,668100.069.3

111.36011,401

57696, 836

256

37,40930,2405,166

2,987248

2,50089

1721,291

130.1

148. 6223. 0114.0148. 6132.2124.4

98.2107.2135.5128.3112.3

77.365.6

105.2

106.4'83.0

131.6121.1138.4170.2157.1142.994.6

2,57166

26,156

404, 62798.975.8

102, 7789,500

55186, 287

252

37, 31929,4636,248

3,385190

2,400105165

1,636

129.0

146.4143.4108.8146.4124.7117.1

99.2108.8119.3148.8112.8

74.659.5

110.5

107.083.3

136.2121.1143.8172.3147.3146.894.3

3,52779

31,210

108, 97698.674.2

106, 7919,659

750108, 645

281

40, 50428, 57310, 257

3,547172

2,487109185

1,873

129.7

146.9278.2109.0146.9123.2128.0

100.3114.8132.7136.0112.5

118.2123.0106.8

107.8

139.2120. 5144.6174.0148.8148.993.5

3,04992

32, 899

108, 57698.074.5

118,40417, 278

683102, 284

259

38, 86926, 96410,024

3,371158

2,525110176

1,588

128.3

140.6187.4111.4142.3117.2123.5

107.1125. 1119.9171.6116.8

146.4162.9107.0

108.084.2

139.1105.9144.7172.6147.8154.492.5

3,20895

33, 727

330,16797.070.3

98, 71111, 762

346102, 302

231

40, 22128, 6029,944

3,772278

2,584110185

1,076

130.5

145.1244 3116. 7141.9126.2122.7

105. 4123.3130.5171.0115.3

146.9168.794.9

108.384.6

134.283.0

142.5167.6149.5160.888.7

2,94179

28, 326

84, 23596.371.3

88, 9534,880

35598, 382

229

36,11329, 2245,095

3,131201

2,635103186

1.177

126.1

138.3223 8115.7134.0121.3125.0

105.1118.8148.2152.7115.8

59.744.397.8

108.285.2

135.282.5

147.4169.1148. 6147.089.4

2,540105

31, 500

115,27196.166.5

100,5329,460

60789, 632

218

34,62028, 5584,318

3,127217

2,40791

1731,462

123.2

133. 5139.0115.8137.3125. 6122. 8

105. 6122. 9147.4153. 6118.9

50.833.593.4

108.285.9

135. 383.0

150. 8168. 7150. 2145. 790.5

2,83890

33,700

42. 52495. 866.8

102, 99511, 623

559107,982

250

40, 61330. 9417,313

4,001218

2,632102195

1, 477

127.9

139.5181 512<i. 1140. 3118 4121.8

108. 1127. 2lt>9. 2150.0117.9

113. 0117.8105. 4

108. (i86. 6

141.3100. 2158. 2174. 1158. 3149. 194. 3

2. 98467

35, 398

78.83095. 965 8

118,42520, 322

850106, 268

252

41,88730, 180

9. 123

3,818225

2. 693103201

1, 661

132.0

143.31S>;> (129 1140. S114 0140. S

112. f13ti 5196. 3145 9

227.7284. 3

94.3

109.488. 5

3. 26684

3(5, 172

115,11995. 963. 9

162. 66329,623

1.34112S,09fi

27 ti

2, 8051142()fi

2,121

T Revised.fData on life-insurance sales revised beginning September 1936; for revisions see p. 56 of the September 1940 Survey. For revisions of new bond issues for 1939 see p. 56

of the March 1941 Survey. All Canadian index numbers to which this note is attached have been revised to a 1935-39 base; earlier data for these series will be shown in asubsequent issue. Common stock price and bond yield indexes have been converted to the new base by multiplying the old series by a constant. The production and distri-bution indexes have been completely revised and no comparable data prior to January 1940 are available at this time. Complete 1940 data for production and distributionindexes are shown on p. 56 of the April 1941 Survey.

^Beginning with July 1940, data are reported by the Industrial Truck Statistical Association and cover reports of 8 companies. They are approximately comparable withprevious data which were compiled by the Bureau of the Census.

O

INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S38

CLASSIFICATION, BY SECTIONS

Monthly business statistics:Business indexesCommodity prices ___ ___Construction and real estate _ _,Domestic tradeEmployment conditions and

wages . . . _FinanceForeign trade _Transportation and communica-

tions _Statistics on individual indus-

tries:Chemicals and allied products.,...Electric power and gas _„__„._.__Foodstuffs and tobaccoFuels and byproducts _.Leather and productsLumber and manufacturesMetals and manufactures:

Iron and steel_ _ „ _ . ._Nonferrous metals and prod-

ucts, .Machinery and apparatus. . . .

Paper and printing. „_„ „__Rubber and products __Stone, clay, and glass products _ _Textile products _ , ._______Transportation equipment

Canadian statistics...__ ._ _ _

PageS - lS - 3S - 4S - 6

S - 7S-12S-19

S-19

S-21S-23S-23S-27S-28S-29

S™30

S-31S-32S~33S-34S-35S-36S~37S-38

CLASSIFICATION, BY INDIVIDUALSERIES

Pages marked SAbrasive paper and cloth (coated)__ _______ 34Acceptances, bankers'.... 12Advertising „____„„ __ _ ____ 6Agricultural cash income. .____ — , ,_ 1Agricultural products, foreign trade.___ 19Agricultural wages, loans._ _ _ _, _„__„ 12Air-conditioning equipment-- _ _ 32Air mail and air-line operations 6,20Aircraft . __ 1,2,8,10,11,37Alcohol, denatured, ethyl, methanol_. ,__ 21Aluminum....,, .___ _ 31Animal fats, greasesm._._______....._____... 21,22A n t h r a c i t e — — . __._„____ 2,3,9,10,27Apparel, wearing.. 3,4 6,8,10,11,36Asphalt. _ . . . - _ _ . _ . . . . _„__„ 28Automobiles,. ____ __ 1,2,3,6,8,10,11,19,37Automobile accessories and parts. , .____ 37Barley „__„____„ , _ _ 24Bearing metal __ _. ,__._ 31Beef and veal . . ._ „___._. 26Beverages, alcoholic. _______ .___ ._ .__ - . . __ 23,24Bituminous coal.__._____ ___„__. 2,3,9,10,27Boilers.._____ _________„..._...__„____ 30,31Bonds, issues, prices, sales, yields.-.__,„__ 16,17,18Book publication. ._„„_______„__„_„„__..... 34Boxes, paper™. „__ , .__ . _ „ — 34Brass and bronze.... . . . . ___„„_.„_____ 32B r i c k — . _ . . _ _ . . — ._ _ — . . _ . . 35Brokers' loans ._. _____„_.. . . . 13,17Building contracts awarded.- __. 4Building costs.. . ,__, _ _ - _ . _ _ . _ _ _ 5Building expenditures (indexes) ___ . — — 4Building-material prices. ,_„„ . . . . 3Butter _____. . _ . . _ _ _ — ___-. 24Canadian statistics._„ ._ 14,19,37,38Canal traffic „ _ _ ._ __ _ 20Candy___. __ .___-_ -__ — __ — -_ 27Capital flotations. „__„_„_ 16,17

For productive uses ,____. 17Carloadings ___,„ __ — . — — _ — __ 20Cattle and calves.... . . .^ 25Cellulose plastic products™ ____. 23Cement __„ 1,2,3,35Chain-store sales__ __„ 6, 7Cheese . . _ _ 24Chemicals __„__ 1, 2,3,8,10,11,13 f 15f 21Cigars and cigarettes , . _.___ 27Civil-service employees ____. 9Clay products 1,2,8,10,11,13,14,35Clothing (see also hosiery)........... 3,4,6,8,10,11Coal . . . . _ _ . _ _ _ _ _ _ _ _ . - 2,3,9,10,27Cocoa _ _ _ _ _. 26Coffee _ _ 26C oke 28Commercial failures_ 13,14Commercial paper____ _______ — . 12,13Construction:

Contracts awarded ____________________ 4Costs _ „. 5Highways and grade crossings.,.. 4, 5Wage rates _ _ _ _ _ . _ _ ______ _ _ _ _ 12

Copper 31,32Copra and coconut oil_ _ _ ___.._____ 22Corn 24,25Cost-of-living index _ _ _ _ 3Cotton, raw, and manufactures.. 2,3,4,19,36Cottonseed, cake and meal, oil 22Crops.. . ___ . 1,22,24,25,27,36Currency in circulation 15Dairy products ,_. 24Debits, bank ____ — „____ 12

Pages marked SDebt, United States Government..., . ... _... 15Delaware, employment, pay rolls, wages 9,10,12Department stores: Sales, stocks, collections.. 7Deposits, bank ... „ _ _ _ _ _. _ _ _ _ _ . _... 13Disputes, industrial „.. _ _ _ _ . _ 9Dividend declaration payments and rates. _ 1,18Earnings, factory, average weekly and

hourly _.. — — — _ . _ . _ _ _ _ — 10,11,12Eggs and chickens. _ _ _ _ _ _ _ _ . 1,3,26Electrical equipments 2,3,6,8, 10,11,33Electric power production, sales, revenues.. 23Employment, estimated nonagricultural. _ . _ 7Employment indexes:

Factory, by cities and States . . _ 9Factory, by industries _ . 7,8,9Nonmanufactunng _ _ 9

Employment, security operations. 9Emigration and immigration.. ._ 20Engineering construction _ 4Exchange rates, foreign 14Expenditures, United States Government 15Explosives _ _ . _ 21Exports __._. _ __ 19Factory employment, pay rolls, wages _ _ 7,

8,9,10,11,12Fairchild's retail price index _____ _ _. . _ _ _ _ 3Farm wages,. ....„„. 12Farm prices, index..... . _ _ 3Federal Government, finances _______ 15,16Federal-aid highways and grade crossings..™ 4, 5Federal Reserve banks, condition of... _ _,. _„, _ 13Federal Reserve reporting member banks 13Fertilizers_ _ _ _ _ „ _ _ _ _ . — _ — -_ — _ 21Fire-extinguishing equipment_ ______„___ — 37Fire losses_.___ , ._ — . . . _ . . . 5Fish oils and fish. _ _ . ______ ____ ._ .__ 22,27Flaxseed___ ...... 22Flooring_____.__________________________ 29,30Flour, wheat..___. 25Food products _ 1,2,3,

4,6,8,10,11,13,14,15,19,23,24,25,26,27Footwear.. ____. . . . 1,2,4,8, 10,11,29Foreclosures, real estate. _ _ „ _. . . _ 5Foundry equipment _ , _ _ - . 32Freight cars (equipment). „... _ „ _ 37Freight carloadings, cars, indexes . _ _ . _ 20Freight-car surplus . 20Fruits and vegetables_...___ ... 3,24Fuel equipment ._._____,..__,..„ . . 32Fuels. 2,3,13,14,27,28Furniture _ _ 30,31Gas, customers, sales, revenues.. 23Gas and fuel oils _.._..„. . _ . _ _ _ . _ _ . . _ 3,28Gasoline...___ ___. .___. 19,28Gelatin, edible_„ 27General Motors sales . _ _. . _ _ _ _ _ 37Glass and glassware.___________ 1,2,8,10,11,35Gloves and mittens. _ _ . „. . _____ _ _ 29Gold. __ , . . _ _ 14Goods in warehouses. _ _ _ . 6G r a i n s . . . . . . 3,17,24,25Gypsum_ , ,_____. 35Hides and skins _ — — _ _ — — . — . — — 28,29Hogs . . ________ 25Home-loan banks, loans outstanding. ___..„.. 5Home mortgages _. ._______. _ _ _ _ . . 5Hosi ery ._ — _.__._._._____.„_ . . . 36Hotels.—___. — ___._ — — ______- - -__ 20Housing. _ __.. „_„____.. .____. _ _ _ _ _ 3,4Illinois, employment, pay rolls, wages,.__ 9,10,12"mmigration and emigration ___ — „__ 20Imports. _ 19income payments . _„ 1income-tax receipts..—— ___„ —___ _ __ 15incorporations, business, new , 6industrial production, indexes.___ _ _ 1,2instalment loans. . . . . . 13instalment sales, New England______-__ — 7insurance, life ,_____ — __ . . .____ 14nterest and money rates. _ _ _ ,. _ _. 13nventories, manufacturers* „ ... _ ... _ _ _ _ _______ 3

Iron and steel, crude, manufactures. „_-.__.. 1,2,3,4,7,8,9,10,11,13,14,15,30,31

Ironers, household _____„_.__„_ 33Kerosene™ __________ _ _ _ _... _ — _ . — — 28Labor, turn-over, disputes... _„„.._ — , _ 9Lamb and mutton.. . _ _ . „„__ 26Lard _ . 26Lead... . . . _ . _ __ _ _ _ . _ _ . _ 2,32Leather — — 1,2,4,8,10,11,13,14,29Linseed oil, cake, and meal___„___ 22Livestock . 25,26Loans, real-estate, agricultural, brokers*. 23,30,31Locomotives.. „..,._...__.___________ 37,38Looms, woolen, ac t iv i ty . . . . . . _________ 36Lubricants _ .. , ._____ 28Lumber. _ — 1,2,3,7,8,10,11,29,30Machine activity, cotton, wool ____________ 36Machine tools..________ ___— — — — 8,10,11,32Machinery ______ ,1,2,3,8,10,11,13,14,15,19,32Magazine advertising_ _ . ,._„__ 6Manufacturers' orders, shipments, inven-

tories _..___. 2,3Manufacturing indexes. __ _ _ . 1,2Maryland, employment, pay rolls _ _ _ . . _ _ - . 9,10Massachusetts, employment, pay rolls,

wages . . . _ 9,10,12Meats and meat packing 1,2,3,8,10,11,19,26Metals—_ 1,2,4,7,8,9,10,11,14,15,30Methanol _., _ _ _ ._____.__ _ _ 21Mexico, silver production , _ . . . . . . . 15Milk_ 24Minerals 2,9,10Naval stores. .......___.__.__._________ _ 21

Pages marked SNew Jersey, employment, pay rolls, wages_ 9,10,12Newsprint., _ _ _ ,. ~ 34New York, employment, pay rolls, wages.. 9,10,12New York canal traffic ._ _ _ . .. 20New York Stock Exchange.. . 17,18Oats—— ____ — __ _ - _ _ _ . _ _ . _ _ _ - _ 25Ohio, employment. _. , 9Oils and fats. . . __„_._.. 21,22Oleomargarine. . _ _ _ . _ _ _ _ _ . . , _ . 22Orders and shipments, manufacturers' _ _ _ _ _ 2Paint sales__ 22Paper and pulp 1,2,3,4,8,10,11,33,34Passenger-car sales index 6Passports issued 20Pay rolls:

Factory, by cities and States___..____ 10Factory, by industries , _ _ 9,10Nonmanufactunng industries _ . 10

Pennsylvania, employment, pay rolls, wages. 9,10,12

Petroleum and products.. 1,2,3,8,9,10,11,15,28Pig iron. _ . _ . , _ _ _ . 30Porcelain enameled products. . . . . 31Pork . . . _ _ _ _ . _ _ _ 26Postal business.. ,„_.„____. 6Postal savings __.„_ 13Poultry and eggs. 1,3,26Prices (see also individual commodities):

Retail indexes __. .___ — _ 3Wholesale indexes. „ _ . . 3,4

Pr in t ing . . . . . . . . _ _ _ _ . . _ _ . _ 1,2,8,10,11,34Profits, corporation. _ _. . _ 15Public relief.... _ ._ 12Public u t i l i t i es . . . . . . . . . . . 4,9,10,14,15, 16,17,18Pullman Co. 20Pumps.. _ _ 32Purchasing power of the dollar . „ 4Radiators _ _ _ . _ _ _ 30Radio, advertising ,_____.___..__ 6Railways, operations, equipment, financial

statistics, employment, wages 1,2,9,10,12,16,17,18, 20,37,38

Railways, street (see street railways, etc.).Ranges, electric __„___ _ . _ . - _ - 33Rayon 2,4,36Reconstruction Finance Corporation, loans. 16Refrigerators, electric, household_ „ _ . „ 33Registrations, automobiles__«-„ 37Rents (housing), index- _ _ 3Retail trade:

Automobiles, new passenger 6Chain stores, variety (5-and-10), grocery,

and other.. ,__„_„„..__ . 6, 7Department stores ___„_ 7Mail order... ,_ 7Rural general merchandise. _. 7

Rice. . . . . _ . _ _ _ . . . . . 25River traffic.. — . . . _ .____ . _ _ _ _ _ _ _ . 20Roofing asphalt. ... .___ _.__ 23Rubber, crude, scrap, footwear, tires and

tubes . . . 1,2,3,4,8,10,11,34,35Savings deposits ._ ._ 13Sheep and lambs _._____. . . _ _ _ _ . . 26Shipbuilding.. 1,2,8,10,11Shoes... _ _ , - _ _ . - - 1,2,4,8,10,11,29Silk... . _ -_ — _ _ - . -_________-_ - 2,4,36Silver _ 15Skins. ______ . . . 28,29Slaughtering and meat packing... __ 1,

2,8,10,11,25,26Spindle activity, cotton, wool „„_._„_ 36Steel and iron (see iron and steel).Steel, scrap, exports and imports__.._,___ 30Stockholders. 18Stocks, department-store (see also manu-

facturers' inventories). . . . . . 7Stocks, issues, prices, sales, yields.- ._ 16, 17, 18Stone, clay, and glass products. __„ 1,

2,8,10,11,13,14,35Street railways and buses . „„„__ 9, 10Sugar. _ . ._„»__„_.__.___ _ 26Sulphur. _ _ 21Sulphuric acid _ . _ _ 21Superphosphate 21Tea. , 26Telephone, telegraph, cable, and radio-

telegraph carriers . . . . . . 9,10,15,21Textiles..._.______ 2,4,8,10,11,12,13,14,36,37Tile___ — ________ .___-___ — _____ 35Tin. . . . . _ _ _ _ _ _ - _ . . - 32T o b a c c o — ..--_____> 2,8,10,11,12,27Tools, machine.-..„___ 8,10,11,32Travel..____.-__ 20Trucks and tractors, industrial, electric.__ 38United States Government bonds 17United States Government, finances_. 15,16United States Steel Corporation.... 18,31Utilities _ . . - . _ 4, 9,10,14, 15,16,17,18Vacuum cleaners . _ 33Variety-store sales index .__- 6Vegetable oils _ _ . . _ . 22Vegetables and fruits. 3,24Wages, factory, and miscellaneous . 10,11,12Warehouses, space occupied . 6Washers, household .__„_. _ _ _ . 33Waterway traffic _ 20Wheat and wheat flour . . ___ 19, 25Wholesale price indexes_ _ _. 3,4Wire cloth— __ . . _ — 32Wisconsin, factory employment, pay rolls,

and wages____-____--__. ___.__,._ 9,10,12Wood pulp 33Wool..— —_"II"II —1 — 1 —— I — I — . - 2,4,36Zinc...... - — — _ — — - 32