3073_1940-1944

6
February 1940 SURVEY OF CURRENT BUSINESS 53 Appendix A. Summary Table: Selected Business Indicators for Specified Years and Percentage Changes NOTE.—Data for the intervening years and for those prior to 1929, together with explanatory notes and references to the sources of the data may be found in the 1938 Supplement to the Survey of Current Business unless other reference is given in the appropriate footnotes on pp. 58 to 95 of this issue. Item Unit or base Year 1929 1932 1933 1937 1938 1939 Percentage change, 1939 compared with— 1929 1932 1933 1937 1938 Total. INCOME PAYMENTS Salaries and wages: Total Commodity producing industries. _. Distributive industries - Service industries Government... _._ Work-relief wages . Direct and other relief Social security benefits and other labor in- come. Dividends and interest Entrepreneurial income and net rents and " royalties. Total nonagricultural income Mil. ofdol. Mil. ofdol. Mil. of dol. Mil. ofdol. Mil. ofdol. Mil. ofdol. Mil. ofdol. Mil. ofdol. Mil. of dol Mil. ofdol. Mil. ofdol. Mil. of dol. PRODUCTION industrial production, total. - Manufactures, total . Durable goods, total - Automobiles Cement . . __.. Glass, plate - Iron and steel . Nondurable goods, total .__ Boots and shoes Newsprint consumption.... Petroleum refining . Rubber tires and tubes Slaughtering and meat packing. Textiles Tobacco manufactures... Bituminous coal Petroleum, crude Electric power production.— ... 1923-25=100- 1923-25=100- 1923-25=100.. 1923-25=100.. 1923-25=100-. 1923-25=100.. 1923-25=100.. 1923-25=100-. 1923-25=100.. 1923-25=100- 1923-25=100.. 1923-25=100- 1923-25=100. 1923-25 = 100- 1923-25=100. 1923-25 = 100. 1923-25=100- Mil.kw.-hr.. PKICES Prices received by farmers—..-.- _. Wholesale, combined index Farm products.. _. Foods Commodities other than farm products and foods. Economic classes: Finished products Raw materials . Semimanufactures Retail: Food (Bureau of Labor Statistics) Fairchild's, department store articles... 1909-14=100--. 1926=100 1926=100 1926=100 1926=100 Cost of living, combined index (N. I. O. B.)_ TEADE Sales, retail: New passenger automobile .... -...— Chain store: Grocery Variety store (7 chains) Department store, total Rural general merchandise ._. Foreign trade: Exports, total (Incl. reexports) value. U. S. merchandise: Quantity-.. Value .. Imports (general), total value___-_._. Imports for consumption: Quantity „„ Value 1926=100 1926=100 1926=100 1923-25=100 . . . Dec. 31, 1930 = 100. 1923=100 .. 1929-31 = 100 CONSTRUCTION Construction contracts awarded, total, 37 States (F. W. Dodge Corporation). Nonresidential buildings Residential buildings Utilities . - Public works Engineering construction contracts awarded (Engineering News Record). TRANSPORTATION Steam railways (class I): Freight-car loadings (F. R. index) Operating revenues, total Net railway operating income _. Operations on scheduled domestic airlines: Passenger miles flown .. . , Express carried 1929-31 = 100 1929-31 = 100 1923-25=100 1929-31 = 100 1923-25 = 100-_.__ 1923-25 = 100 1923-25 = 100 1923-25=100 1923-25 = 100- .... 1923-25 = 100 Thous. ofdol Thous. of dol____ Thous. of dol. Thous. ofdol. Thous. ofdol.. Thous. of dol . 1923-25=100.-. Thous. of doL , Thous. of dol.-. Thous. of miles. Pounds 81,644 53. 352 21,1 13, 837 11, J 4,922 0 72 859 11,517 26,844 73. 542 119 119 122 135 114 152 130 117 110 137 168 135 94 115 134 102 137 95,925 146 95.3 104 99 9 91.6 94.5 97.5 93.9 104.7 0) 100.1 144.1 102.9 107.1 111 124.9 115 132 115 113 2 131 * 113 49.398 31,071 9,428 8,637 7,991 4,883 132 338 1.158 8,286 8,545 46, 551 63 33 35 51 53 31 88 95 105 140 78 89 83 111 59 107 82,377 65 64.8 48.2 61.0 70.2 70.3 55.1 59.3 68.3 75.8 77.9 35.5 85.7 80.8 69 63.1 35 35 34 2 79 2 34 46, 783 29,082 9,146 7,756 7,169 4,365 646 554 949 7,366 8,826 43,174 76 75 50 48 43 91 53 98 106 100 145 88 97 97 116 64 123 84,736 70 65.9 51 4 60.5 71.2 70.5 56.5 65.4 66.4 77.5 74.9 43.3 80.3 82.5 67 69. 2| 37 37 37 i 72, 449 45, 258 17. 260 10, 697 9.947 5,571 1.783 841 1,112 10,225 15.013 65,282 110 109 107 121 78 194 118 110 125 142 204 106 84 111 159 85 174 121,837 121 86.3 86.4 85.5 85.3 87.2 84.8 85.3 85.1 95. 1 88.5 108.3 95.7 102.0 92 121.7 73 105 74 131 79 66, 271 41, 557 14, 086 10. 049 9,438 5,839 2,145 1,007 1,545 8,476 13, 686 60,236 86 84 65 63 71 86 66 100 118 127 200 79 88 92 159 65 165 116, 681 95 78.6 68.5 73.6 81.7 82.2 72.0 75.4 78.9 89.7 86.4 66.7 94.1 98.0 85 114.1 105 68 51 94 51 69. 683 43, 783 15. 586 10, 514 9,782 6,031 1. 870 1,063 1,631 9,081 14,125 63,452 -14.7 -17. -28.2 -24.0 -17.8 +22.5 -f-1,376.4 +89.9 -21.2 -16.1 -13.7 105 105 95 90 82 143 108 112 128 131 214 113 92 114 167 74 172 130, 271 92 77.1 65.3 70.4 81.3 80.4 70.2 77.0 77.0 89.9 85.2 90.7 102.5 102.0 90 127.5 70 109 70 108 59 5, 750, 791 2,425. 308 1,915.729 469.616 940,138 3,950, 315 1 1,351,159 1, 255, 709 2,913,060 3,196,928 3, 550,543 107 6,283 1, 252, 297 062 3, 487. 622 280. 069 62. 380 521,088 1,219, 309 55 J, 125,428 3,095. 539 4, 326,392 58 539 474,268 417.462 1,156,161 1,072.137 249. 264 905. 293 985. 787 84, 525 262.948 288. 847 504. 458 588. 658 850,157 1,068,369 2,437,623 2, 791,931 965. 638 1, 334. 272 288. 951 961. 682 3, 002, 856 78 ;, 166,182 3, 564, 590, 221 62 70 ,830 3,995,061 373,151 588,201 -11. -11.8 -22.1 -33.3 -28.1 -5.9 -16.9 -4. +16.4 -4.4 +27.4 -16.3 -2.1 -.9 +24.6 -27.5 +25. 5 +35.8 -37.0 -19.1 -37.8 -29.5 -11.3 -14.9 -28.0 -18.0 -26.5 0) 127,039 173,492 476,603 557,719 749,787 +490.2 249,634 1,003,970 1, 510, 215 7,127, 369 7, 335,967 9, 514, 300 + 3 , 711. 3 +820.2 -14.9 -38.1 -.4 -4. -18.9 +2.1 -39.1 -17.4 -39. 1 -46.9 -17.6 -47.8 -38.3 -60.2 -30.4 -38.5 +2.3 -24.0 -34. 6 -36.4 -53.0 +41.1 +40.9 +65. 3 +21.7 +22.4 +23.5 +1,316 7 +214. 5 +40.8 +9.6 +65.3 +36.3 +64.1 +66.7 +187.9 + 157 1 +60.8 + 169.8 +248. 4 +27.3 +34.7 +24.- +52.9 +44.9 +3.4 +37.3 +50.5 +25.4 +60.7 +58.1 +41.5 +19.0 +35. 5 +15.4 +15.8 +14.4 +27 A +29.8 +12.7 +18.6 +9.4 +155. 5 +19.6 +26. 2 +30.4 +102.1 +100.0 +58. 0 +100.0 +76.5 +36.7 +73.5 +162. 8 +98.0 +376 4 +363. 2 +84. +146.3 +27.3 +27.8 +80.2 +48.9 +50. 6 +70.4 +35. 6 +36 4 +38.2 +189. 5 +91.9 +71.9 +23.3 +60.0 +47.0 +38.2 +40.0 +90 0 +87 5 +90.7 +57. 1 +103. 8 + 14.3 +20.8 +31.0 +47.6 +28.4 -5.2 +17.5 +44.0 +15.6 +39 8 +53.7 +31.4 +17.0 +27.0 +16.4 +14.2 +14.0 +24.2 +17.7 +16.0 +16.0 +13.8 +109. 5 +27.6 +23.6 +34.3 +84.2 +89.2 +58.0 +89.2 +62.2 +25. 6 +59. 5 +182.8 +131.3 +435. 3 +241.9 +90.6 +181.1 +20.7 +29.1 +24.0 +332. 2 +530.0! -3.8 -3.3 -9.7 -1.7 -1.7 +8.3 +4.9 +26.4 +46.7 -11.2 -5.9 -2.8 -4.5 -3.7 11 2 -25 6 +5.1 -26.3 -8.5 + 18 +2.4 +4^ +6 6 +9.5 +2 7 +5 0 -12.9 -1.1 +6.9 -24.0 -10.7 -24.4 -17.7 -4.7 -7.8 -17.2 -9.7 -9.5 -5.5 -3.7 -16.3 -2.2 +4.8 +3.8 -5.4 -25.0 -17.6 -25.3 +21.9 -16.5 +47.4 +9.9 +63. 4 +23.2 -10.3 -4.1 Q +57.3 +33.5 +5.1 +5.4 +10.6 +4.6 +3.6 +3.3 -12.8 +5.6 +5.6 +7.1 +3.2 +5.3 +22.1 +25.0 +46.2 +42.9 +15.5 +66.3 +63.6 +12.0 +8.5 +3.1 +7.0 +43.0 +4.5 +23.9 +5.0 +13.8 +4.2 +11.6 -3.2 -1.9 -4.7 -4.4 -.5 -2.2 -2.5 +2.1 -2.4 +.2 -1.4 +36.0 +8.9 +4.1 +5.9 +11.7 +2.9 +3.8 +2.9 +17.6 +14.9 +15.7 +11.1 +35.4 (3) +13.1 +7.6 +12.9 +12.1 +57.6 +34.4 +29.7 Bee footnotes at end of table. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis February 1940

Transcript of 3073_1940-1944

  • February 1940 SURVEY OF CURRENT BUSINESS 53

    AppendixA. Summary Table: Selected Business Indicators for Specified Years and Percentage Changes

    NOTE.Data for the intervening years and for those prior to 1929, together with explanatory notes and references to the sources of the data may be found in the 1938Supplement to the Survey of Current Business unless other reference is given in the appropriate footnotes on pp. 58 to 95 of this issue.

    Item Unit or baseYear

    1929 1932 1933 1937 1938 1939

    Percentage change, 1939 compared with

    1929 1932 1933 1937 1938

    Total.INCOME PAYMENTS

    Salaries and wages: TotalCommodity producing industries. _.Distributive industries -Service industriesGovernment... _._Work-relief wages .

    Direct and other reliefSocial security benefits and other labor in-

    come.Dividends and interestEntrepreneurial income and net rents and" royalties.Total nonagricultural income

    Mil. ofdol .Mil. ofdol .Mil. of dol.Mil. ofdol .Mil. ofdol .Mil. ofdol .Mil. ofdol .Mil. ofdol .Mil. of dol

    Mil. ofdol .Mil. ofdol .

    Mil. of dol.

    PRODUCTION

    industrial production, total. -Manufactures, total .

    Durable goods, total -AutomobilesCement . . __..Glass, plate -Iron and steel .

    Nondurable goods, total .__Boots and shoesNewsprint consumption....Petroleum refining .Rubber tires and tubesSlaughtering and meat packing.TextilesTobacco manufactures...

    Bituminous coalPetroleum, crude

    Electric power production. . . .

    1923-25=100-1923-25=100-1923-25=100..1923-25=100..1923-25=100-.1923-25=100..1923-25=100..1923-25=100-.1923-25=100..1923-25=100-1923-25=100..1923-25=100-1923-25=100.1923-25 = 100-1923-25=100.1923-25 = 100.1923-25=100-Mil.kw.-hr..

    PKICES

    Prices received by farmers..-.- _.Wholesale, combined index

    Farm products.. _.FoodsCommodities other than farm products and

    foods.Economic classes:

    Finished productsRaw materials .Semimanufactures

    Retail:Food (Bureau of Labor Statistics)Fairchild's, department store articles...

    1909-14=100--.1926=1001926=1001926=1001926=100

    Cost of living, combined index (N. I. O. B.)_T E A D E

    Sales, retail:New passenger a u t o m o b i l e . . . . - . . . Chain store:

    GroceryVariety store (7 chains)

    Department store, totalRural general merchandise . _ .

    Foreign trade:Exports, total (Incl. reexports) value.

    U. S. merchandise:Q u a n t i t y - . .Value . .

    Imports (general), total value___-_._.Imports for consumption:

    Quantity Value

    1926=1001926=1001926=100

    1923-25=100 . . .Dec. 31, 1930 =

    100.1923=100 . .

    1929-31 = 100

    CONSTRUCTION

    Construction contracts awarded, total, 37 States(F. W. Dodge Corporation).

    Nonresidential buildingsResidential buildingsUtilities . -Public works

    Engineering construction contracts awarded(Engineering News Record).

    TRANSPORTATION

    Steam railways (class I):Freight-car loadings (F. R. index)Operating revenues, totalNet railway operating income _.

    Operations on scheduled domestic airlines:Passenger miles flown . . . ,Express carried

    1929-31 = 1001929-31 = 1001923-25=1001929-31 = 100

    1923-25 = 100-_.__

    1923-25 = 1001923-25 = 1001923-25=100

    1923-25 = 100-. . . .1923-25 = 100

    Thous. ofdol

    Thous. of dol____Thous. of dol.Thous. ofdol.Thous. ofdol..Thous. of dol .

    1923-25=100.-.Thous. of doL ,Thous. of dol.-.

    Thous. of miles.Pounds

    81,64453. 35221,113, 83711, J4,922

    072

    859

    11,51726,844

    73. 542

    11911912213511415213011711013716813594

    115134102137

    95,925

    14695.3

    10499 991.6

    94.597.593.9

    104.70)100.1

    144.1

    102.9107.1111124.9

    115

    132115113

    2 131* 113

    49.39831,0719,4288,6377,9914,883132338

    1.158

    8,2868,545

    46, 551

    633335515331889510514078898311159107

    82,377

    6564.848.261.070.2

    70.355.159.3

    68.375.877.9

    35.5

    85.780.86963.1

    35

    3534

    2 792 34

    46, 78329,0829,1467,7567,1694,365646554949

    7,3668,826

    43,174

    767550484391539810610014588979711664123

    84,736

    7065.951 460.571.2

    70.556.565.4

    66.477.5

    74.9

    43.3

    80.382.56769. 2|37

    3737

    i

    72, 44945, 25817. 26010, 6979.9475,5711.783841

    1,112

    10,22515.013

    65,282

    110109107121781941181101251422041068411115985174

    121,837

    12186.386.485.585.3

    87.284.885.3

    85.195. 1

    88.5

    108.3

    95.7102.092121.7

    73

    10574

    13179

    66, 27141, 55714, 08610. 0499,4385,8392,1451,0071,545

    8,47613, 686

    60,236

    8684656371866610011812720079889215965165

    116, 681

    9578.668.573.681.7

    82.272.075.4

    78.989.7

    86.4

    66.7

    94.198.085

    114.1

    1056851

    9451

    69. 68343, 78315. 58610, 5149,7826,0311. 8701,0631,631

    9,08114,125

    63,452

    -14 .7-17 .-28 .2-24 .0-17 .8+22.5

    -f-1,376.4+89.9-21.2-16.1

    -13.7

    105105959082

    14310811212813121411392

    11416774

    172130, 271

    9277.165.370.481.3

    80.470.277.0

    77.089.9

    85.2

    90.7102.5102.090

    127.5

    70

    10970

    10859

    5, 750, 791

    2,425. 3081,915.729

    469.616940,138

    3,950, 315 1

    1,351,159 1, 255, 709 2,913,060 3,196,928 3, 550,543

    1076,2831, 252, 297

    062 3,

    487. 622280. 069

    62. 380521,088

    1,219, 309

    55J, 125,428 3,095. 539 4,

    326,392

    58539

    474,268

    417.462 1,156,161 1,072.137249. 264 905. 293 985. 787

    84, 525 262.948 288. 847504. 458 588. 658 850,157

    1,068,369 2,437,623 2, 791,931

    965. 6381, 334. 272

    288. 951961. 682

    3, 002, 856

    78;, 166,182 3, 564,

    590, 221

    62 70,830 3,995,061

    373,151 588,201

    - 1 1 .- 1 1 . 8- 2 2 . 1-33 .3- 2 8 . 1- 5 . 9

    -16 .9- 4 .

    +16.4- 4 . 4

    +27.4-16.3-2.1- . 9

    +24.6-27.5+25. 5+35.8

    -37.0-19.1-37.8-29.5-11.3

    -14 .9- 2 8 . 0-18 .0

    - 2 6 . 5

    0) 127,039 173,492 476,603 557,719 749,787 +490.2249,634 1,003,970 1, 510, 215 7,127, 369 7, 335,967 9, 514, 300 +3 , 711. 3 +820.2

    -14 .9

    -38 .1

    - . 4- 4 .

    -18 .9+2.1

    - 3 9 . 1

    -17 .4-39 . 1-46 .9

    -17 .6- 4 7 . 8

    -38 .3

    -60 .2-30 .4- 3 8 . 5+2.3

    -24.0

    -34. 6-36.4-53.0

    +41.1+40.9+65. 3+21.7+22.4+23.5

    +1,316 7+214. 5+40.8

    +9.6+65.3+36.3

    +64.1+66.7

    +187.9+ 157 1+60.8

    + 169.8+248. 4+27.3+34.7+24.-+52.9+44.9+3.4

    +37.3+50.5+25.4+60.7+58.1

    +41.5+19.0+35. 5+15.4+15.8

    +14.4+27 A+29.8

    +12.7+18.6

    +9.4

    +155. 5

    +19.6+26. 2+30.4

    +102.1

    +100.0

    +58. 0+100.0+76.5

    +36.7+73.5

    +162. 8

    +98.0+376 4+363. 2+84.

    +146.3

    +27.3+27.8+80.2

    +48.9+50. 6+70.4+35. 6+36 4+38.2

    +189. 5+91.9+71.9

    +23.3+60.0+47.0

    +38.2+40.0+90 0+87 5+90.7+57. 1

    +103. 8+ 14.3+20.8+31.0+47.6+28.4-5.2

    +17.5+44.0+15.6+39 8+53.7

    +31.4+17.0+27.0+16.4+14.2

    +14.0+24.2+17.7

    +16.0+16.0

    +13.8

    +109. 5

    +27.6+23.6+34.3+84.2

    +89.2

    +58.0+89.2+62.2

    +25. 6+59. 5

    +182.8

    +131.3+435. 3+241.9+90.6

    +181.1

    +20.7+29.1+24.0

    +332. 2+530.0!

    - 3 . 8- 3 . 3- 9 . 7- 1 . 7- 1 . 7+8.3+4.9

    +26.4+46.7

    -11.2-5.9

    -2.8

    - 4 . 5- 3 . 7

    11 2- 2 5 6+5.1

    -26.3-8.5+ 18+2.4

    +4^+6 6+9.5+2 7+5 0

    -12 .9- 1 . 1+6.9

    -24 .0-10 .7-24 .4-17 .7- 4 . 7

    - 7 . 8-17 .2- 9 . 7

    - 9 . 5- 5 . 5

    -3.7

    -16 .3

    - 2 . 2+4.8

    +3.8- 5 . 4

    -25 .0

    -17.6-25.3

    +21.9

    -16.5+47.4+9.9

    +63. 4+23.2

    -10 .3- 4 . 1

    Q

    +57.3+33.5

    +5.1+5.4

    +10.6+4.6+3.6+3.3

    -12.8+5.6+5.6

    +7.1+3.2

    +5.3

    +22.1+25.0+46.2+42.9+15.5+66.3+63.6+12.0+8.5+3.1+7.0

    +43.0+4.5

    +23.9+5.0

    +13.8+4.2

    +11.6

    - 3 . 2- 1 . 9- 4 . 7- 4 . 4- . 5

    -2.2-2.5+2.1-2.4+.2

    - 1 . 4

    +36.0+8.9+4.1+5.9

    +11.7

    +2.9+3.8+2.9

    +17.6+14.9+15.7

    +11.1

    +35.4(3)

    +13.1+7.6

    +12.9+12.1+57.6

    +34.4+29.7

    Bee footnotes at end of table.

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

    February 1940

  • 54 SURVEY OF CURRENT BUSINESS February 1040

    A. Summary Table: Selected Business Indicators for Specified Years and Percentage ChangesContinued

    Item

    FINANCE

    Federal Reserve reporting member banks, condi-tion, end of year:

    Deposits:Demand, adjustedTimeDomestic interbank

    Investments, totalLoans, total

    Bank debits, totalNew York CityOutside New York City

    Gold, monetary stock, United States, end of year-Currency in circulation, total, end of yearFederal debt, gross, end of yearCapital flotations, total

    New capital, totalDomestic, total

    CorporateMunicipal, States, etc

    Foreign, totalRefunding, total

    Domestic, totalCorporateMunicipal, States, etc

    Foreign, totalBond prices:

    Average price of all listed bonds (N. Y. S. E.),end of year.

    Bond yields:Moody's, domestic, 120 bonds, end of year. .

    Stock prices:Average price of all listed stocks (N. Y. S. E.),

    end of year.Stock yields:

    Moody's, common, 200 stocks, end of year_-Stocks, dividend rate per share, 600 companies

    (weighted average), end of year.Corporation earnings (Fed. Res. Bank of N . Y.)_Commercial failures:

    Number .Liabilities

    EMPLOYMENT AND PAY ROLLS

    Employment:Nonagricultural employment, monthly

    average.Factory

    Durable-goods groupNon-durable-goods group

    Selected nonmanufacturing industries:Mining:

    Bituminous coalMetalliferousPetroleum, crude, producing

    Public utilities:Electric light and power, and

    manufactured gas.Railways, class I (I. C. C.)Telephone and telegraph.

    Trade:RetailWholesale

    Pay rolls:Factory

    Durable-goods groupNon-durable-goods group

    Selected nonmanufacturing industries:Mining:

    Bituminous coalMetalliferousPetroleum, crude, producing. _.

    Public utilities:Electric light and power, and manu-

    factured gas.Telephone and telegraph

    Trade:RetailWholesale

    Unit or base

    Mil. of dol.Mil. of dol.Mil. of dol.Mil. of dolMil. of dol.Mil. of dol.Mil. of dol.Mil. of d o l . . . .Mil. of dolMil. of d o l . . . .Mil. of d o l . . . _Thous. of dol..Thous. of dol..Thous. of dol..Thous. of dol..Thous. of dol-Thous. of dol-Thous. of dol_.Thous. of doL.Thous. of doL.Thous. of dol_.Thous. of doL.

    Dollars

    Percent.Dec. 31, 1924=

    100.

    Percent.Dollars..

    Year

    1929

    0)6,787

    0)5,514

    17,649935,027603,089331,938

    3,9974,578

    16,30111, 592,16410,182. 7679, 419, 8398,002,0641, 417, 775

    762,9281, 409, 3981, 387, 3651, 374, 489

    12, 87622, 033

    95. 59

    1932

    0)5,6560)8,50710, 297322, 366167,964154,4014,2265,38820,805730, 282 1,192, 248164, 941325,362762,48027, 307538. 034498,034318, 53487,00040,00077.:

    Mil. of dol

    Thous. of doL.._

    Thous. of em-ployees.

    1923-25=100....1923-25 = 100....1923-25 = 100..-.

    1929=100..1929 = 100..1929 = 100..

    1929=100..

    1923-25 = 100.1929=100

    1929 = 1001929 = 100....1923-25 = 100..1923-25=100..1923-25 = 100..

    1929=100..1929=100.1929=100..

    1929=100.

    1929 = 100-

    1929 = 100.1929=100.

    5.1

    111. li

    4.43.03

    1,348.8

    22,909 483, 250

    36,160

    106.0106.2105.

    100.0100.0100.0100.093.0

    100.0100.0100.0110.4111.109.6

    100.0100.0100.0100.0

    100.0

    100.0100.0

    1933 1937

    6.31

    34. 51

    5.91.21

  • 58 SURVEY OF CURRENT BUSINESS February 1941

    NOTE.the dai

    AppendixA. Summary Table TSelected Business Indicators for Specified Years and Percentage Changes

    OTE.Available data for'years prior to 1929 and data for subsequent years not included in this table, together with explanatory notes and references to the sources of,ta, may be found in thefl940 Supplement to the Survey of Current Business unless other reference is given in the appropriate footnotes on pp. 65 to 102 of this issu^.

    Item

    INCOME

    Total income paymentsSalaries and wages: Total

    Commodity producing industriesDistributive industriesService industriesGovernmentWork-relie^ wages

    Direct and other reliefSocial security benefits and other labor

    income.Dividends and interestEntrepreneurial income and net rents

    and royalties.Total nonagricultural income

    Cash income from farm marketings, cropsand livestock, combined index.

    PRODUCTION

    Industrial production, totalManufactures, total

    Durable goods, totalAutomobilesIron and steelLumber productionMachinery

    Nondurable goods, totalMeat packingPaper and productsPetroleum refiningRubber productsShoesTextiles

    Cotton consumptionWool textiles

    Tobacco manufacturesMinerals

    Bituminous coalPetroleum, crude

    Electric-power production . . . _ _PRICES

    Prices received by farmersWholesale, combined index

    Farm productsFoodsCommodities other than farm products

    and foods.Economic classes:

    Finished productsRaw materialsSemimanufactures

    Retail:Food (Bureau of Labor Statistics)Department-store articles, Fairchild's--.

    Cost of living, combined index (N. I. C. B.)_TRADE

    Sales, retail:New passenger automobileChain store:

    GroceryVariety store (7 chains)

    Department store, totalRural general merchandise

    Foreign trade:Exports (including reexports), total value

    U. S. merchandise:QuantityValue

    Imports (general), total valueImports for consumption:

    QuantityValue

    CONSTRUCTION

    Construction contracts awarded, total, 37States (F. W. Dodge Corporation).

    Nonresidential buildingsResidential buildingsUtilities-Public works

    Engineering construction contracts award-ed (Engineering News Record).

    TRANSPORTATION

    Steam railways (class I):Freight-car loadings (F. R. index)Operating revenues, totalNet railway operating income

    Operations on scheduled domestic airlines:Passenger-miles flown .Express carried.

    I

    Unit or base

    Mil. of dol. . . do

    do. do -

    dodododo

    do _ . . .do

    . . . do1924-29 = 100

    1935-39 = 100do

    . . dododododo .

    . . dododododo .

    . . . dodo - - .

    . dodo -do .dododo, .

    Mil. kw.-hr

    1909-14 = 1001926=100

    dododo

    dododo

    1935-39=100Dec. 31, 1930=100-1923-100

    1929-31 = 100

    do - . .1935-39 = 1001923-25 = 1001929-31 = 100

    1923-25 = 100

    do .dodo . .

    dodo

    Thous. of dol

    dododo-. . . -dodo

    1923-25=100Thous. of dol_.

    do-

    Thous. of milesPounds

    Year

    1929

    82, 06452, 29921,71713,90211, 7804,900

    60935

    11,85116,919

    73,817104

    11011013313913515213093

    1158590

    1008994

    1059796

    107135

    8695, 925

    14695.3

    104.999.991.6

    94.597 593.9

    132.5(0100.1

    144.1

    102.9108.6

    111124.9

    115

    13211113

    2 132 113

    5,750,79

    2, 425, 301,915,72

    469, 61940,13

    3,950,31

    106,283,061, 252,29

    0)249, 63

    1932

    49, 31931, 0309,5498, 5567,9434,850

    132326

    1,248

    8,3938,322

    46, 51844

    5857413633494370

    1086572647771756079667867

    82,377

    6564.848.261.070.2

    70.355.159.3

    86.475.877.9

    35.5

    85.781.9

    6963.1

    35

    69334

    2 7923

    1,351,15

    487, 62280,0662,38

    521,081,219,309

    53,125,42

    326, 39

    127,031,033, 97

    1933

    46, 83029,1249,2347,7627, 1444, 328

    656580

    1,042

    7, 3518,733

    43,03249

    6968545055645079

    1197675778688938480768477

    84,736

    7065.951.460.571.2

    70.556 565.4

    84.177.574.9

    43.3

    80.383.6

    6769.2

    37

    693737

    2 862 37

    1, 255, 709

    417, 462249, 26484, 525

    504, 4581,068, 369

    583,095,539

    474, 268

    173, 4921,510,21.

    1937

    71, 78345, 29717,38310, 8679, 9535,5581, 536

    S371, 216

    9,79414, 639

    64, 60982

    11311312212512311112610694

    107106104102106111103103112112109

    121,837

    12186.386.485.585.3

    87.284 885.3

    105.395.187.8

    108.0

    95.7103. f

    92121.7

    7':

    10780

    137

    2,913,06

    1,156,16905, 29262, 94588, 65

    2,437, 62

    74,166,18

    590, 22

    476, 607,127, 36

    1939

    70, 09644, 41215, 98010,6119,8976,1111,8131,0671, 686

    8,98313, 948

    63, 74773

    10810810893

    11410610410811211411111310511211010810610699

    108130,336

    9377.165.370.481.3

    80.470 277.0

    95.289.984.5

    90.7

    102.5103.5

    90127.5

    70

    1107060

    10859

    3, 550, 543

    965, 6381,334, 27

    288, 95961, 68

    3,002, 856

    703, 995,00

    588,82

    749, 789,514,30

    1940

    74, 27247, 03517, 49811,11510, 3466, 5451,5311,0681, 853

    9, 62314, 693

    67, 53378

    122123135116144115135113125122113118

    98115120106109117114115

    144,965

    9878.667.771.383.0

    81.671 979.1

    96.693.085.3

    119.5

    112.5107.6

    94134.6

    8

    1286

    116

    4,003, 95

    1, 294, 641,596, 94

    281,06831,30

    3, 987, 243

    4,296,45677,42

    1, 147,4412,506, 57

    Percentage change, 1940 compared with

    1929

    - 9 . 5-10 .1-19 .4- 2 0 1- 1 2 . 2+33.6

    + 1,680.0+98.2

    -18.8-13.2

    -8.5-25.0

    +10.9+11.8+1.5

    -16.6+6.7

    - 2 4 . 4+3.8

    +21.5+8.7

    +43.5+25.6+18.0+10.1+22.3+ 14.3+9.3

    +13.5+9.3

    -15.6+33.7+51.1

    - 3 2 . 9- 1 7 . 5- 3 5 . 5- 2 8 . 6- 9 . 4

    -13 .726 3- 1 5 . 8

    - 2 7 . 10)- 1 4 . 8

    - 1 7 . 1

    +9.3-15.3+7.8

    - 2 3 . 5

    - 2 . 3- 2 3 . .- 3 9 . 8

    - 1 4 . .- 4 1 . 6

    -30 .4

    - 4 6 . 6- 1 6 . 6- 4 0 . 11.

    +.9

    - 2 9 .- 3 1 .- 4 5 .

    0)+4,910.

    1932

    +50.6+51.6+83.2+29.9+30.3+34.9

    +1,059.8+ 227.6+48.5

    +14.7+76.6

    +45.2+77.3

    +110.3+115.8+229. 3+222. 2+336. 4+134.7+214. 0+61.4+15.7+87.7+56.9+84.4+27.3+62.0+60.0+76.7+38.0+77.3+46.2+71.6+76.0

    +50.8+21.3+40.5+16.9+18.2

    +16.1+30 5+33.4

    +11.8+22.7+9.5

    +236. 6

    +31.3+31.4+36.2

    +113.3

    +151.4

    +87.0+151.4+100. 0

    +41.8+94.1

    +196. 3

    +165. 5+470. 2+350. 6+59 5

    +227.0

    +38.+37.

    +107.

    +803.+1,109.

    1933

    +58.6+61.5+89.5+43. 2+44.8+51.2

    +133.4+84.1+77.8

    +30.9+68.2

    +56.9+59.2

    +76.8+80.9

    +150. 0+132.0+161.8+79.7

    + 170.0+43.0+5.0

    +60.5+50.7+53.2+ 14.0+30.7+29.0+26.2+36.3+53.9+35.7+49.4+71.1

    +40.0+19.3+31.7+17.9+16.6

    +15.7+27 3+20.9

    +14.9+20.0+13.9

    +176. 0

    +40.1+28.7+40.3+94.5

    +137. 8

    +87.0+137.8+83.8

    +30.2+78.4

    +218. 9

    +210.1+540. 7+232. 5+64.8

    +273. 2

    +31. C+38.8+42.8

    +561.4+728. ]

    1937

    4-3.5+3. 8+.7

    +2.3+ 3.9

    +17.8- . 3

    +27.6+52.4

    - l . S4 -4

    +4.5-4.9

    +8.0+8.8

    +10.7-7.2

    +17.1+3.6+7.1+6.6

    +33.0+ 14.0+6.6

    +13.5-3.9+8.5+8.1+2.9+5.8+4 5+1.8+5.5

    +19.0

    - 1 9 . 0- 8 . 9

    -21 .7-16 .6- 2 . 7

    - 6 . 4 15 2- 7 . 3

    - 8 . 3- 2 . 2- 2 . 9

    +10.6

    +17.6+3.9+2.2

    +10.6

    +20.5

    +22.9+18.9-15.0

    -14.5-16.5

    +37.4

    +12.0+76.4+6.9

    +41.2+63.6

    -2.6+3.1

    +14.8

    +140.8+75. t

    1939

    +6.0+5.9+9.5+4.74-4. 5

    -15 .6+- 1

    +9.9+7. 1+5.34-5.9+6.8

    + 13.0+13.9+25.0+24.7+26.3+8.5

    +29.8+4.6

    +11.6+7.0+1.8+4.4-6.7+2.7+9.1-1.9+2.8

    +10.4+15.2+6.5

    +11.2

    +5.4+1.9+3.7+1.3+2.1

    +1.5+2 4+2.7+1.5+3.4+.9

    +31.8+9.8+4.0+4.4+5.6

    +25.7+17.3+25.7+13.3+3.7

    +11.9

    +12.8+34.1+19.7- 2 . 7

    13.6+32.8

    +8.6+7.5

    +15.0+53.0+31.5

    See footnotes at end of table.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

    February 1941

  • February 1941 SURVEY OF CURRENT BUSINESS 59

    A. Summary Table: Selected Business Indicators for Specified Years and Percentage Changes Con.

    Item

    Federal Reserve reporting member banks,condition, end of year:

    Deposits:Demand, adjustedTime, excluding interbankDomestic interbank

    Investments, totalLoans, total

    Bank debits, totalNew York CityOutside New York City

    Gold, monetary stock, United States, endof year.

    Currency in circulation, total, end of year . . .Federal debt, gross, end of yearCapital notations, total

    New capital, totalDomestic, total

    CorporateFarm loan and other Govern-

    ment agencies.Municipal, States, etc

    Foreign, totalRefunding, total

    Domestic, totalCorporateFarm loan and other Govern-

    ment agencies.Municipal, States, etc

    Foreign, total ._Bond prices, end of year:

    Average price of all listed bonds (N. Y.S. E.).

    Standard Statistics Co.:Composite (60 bonds)

    Industrials (20 bonds)Public utilities (20 bonds)Rails (20 bonds)

    Bond yields, end of year:Moody's domestic corporate

    Stock prices, end of year:Average price of all listed stocks (N. Y.

    S. E.).Standard Statistics Co.:

    Combined index (420 stocks)Industrials (350 stocks)Public utilities (40 stocks)Rails (30 stocks)

    Stock yields, end of year:Moody's, common, 200 stocks

    Stocks, dividend rate per share, 600 com-panies (weighted average), end of year.

    Corporation earnings (Fed. Res. Bank ofof N. Y.).

    Commercial failures:NumberLiabilities

    EMPLOYMENT AND PAY ROLLS

    Employment:Nonagricultural employment, monthly

    average.7Factory

    Durable-goods groupNondurable-goods group

    Selected nonmanufacturing indus-tries:

    Mining:Bituminous coal__MetalliferousCrude petroleum producing.

    Public utilities:Electric light and powerRailways, class I (I. C. C.)__Telephone and telegraph

    Trade:RetailWholesale

    Pay rolls:Factory

    Durable-goods groupNondurable-goods group

    Selected nonmanufacturing industries:Mining:

    Bituminous coalMetalliferousCrude petroleum producing

    Public utilities:Electric light and powerTelephone and telegraph

    Trade:RetailWholesale

    Unit or base

    Mil. ofdol..dodo

    . d o ._do_-do .. d o .. d o ...do..

    . . . . . do

    . . . . . doThous. of dol..

    do_do_.do ..do .

    0)6,787

    0)5,514

    17,649935, 027603,089331, 938

    3,9974,578

    16, 30111, 592.10,182,7679,419,""8,002,064

    0. d o .

    . .do.

    . .do.. do.. d o .. .do.. .do.. do .

    Dollars..

    Dol. per $100 bonddodo

    . . . . . do .Percent

    Dec. 31, 1924=100.

    1926=100.do. . . . .do . . . . .

    - . . d o -Percent.Dollars. .

    Mil. of dol.

    Thous. ofdol-.

    Thous. of em-ployees.

    1923-25=100do

    . .do

    1929 = 100... .do. .

    dodo1923-25 = 100.1929=100

    .do .

    . d o .1923-25=100... do

    do

    1929=100..d o . . .

    _ . d o . . .. d o ._do...do ..do-

    Year

    1929

    164 1,

    839 1

    1,417, 775762, 928

    1,409, 3981,387, 3651,374, 489

    012,87622,033

    95.59

    98.692.298.5

    105.2

    5.17111.1

    153.146.9200.136.3

    4.43.03

    1, 348.8

    36, 448

    106.0106.2105.9

    100.0100.0100.0100.093.0

    100.0100.0100.0110.4111.2109.6

    100.0100.0100.0

    100.0100.0

    100.0100. 0

    1932

    0)5.6568,50710, 297

    322, 366167, 964154, 4014,226

    5,38820, 805

    .,730,""1,192, 248:,164,941325, 36277,100

    762,48027,307538,034498,034318,53492,500

    87,00040, 000

    77.27

    67.62.481.159.6

    6.31

    34.5

    47.144.578.25.4

    5.1.21

    28, 035

    66.352.879.2

    76.336.555.3

    82.57.879.1

    75.176.8

    46.733.461.6

    41.321.644.1

    80.681.1

    61.664.2

    1933

    712 4882 2,584 1.

    197 1

    266 1;

    z0)8,6668,915

    4 282, 706148,449< 134, 257

    4,0365,519

    23,8151,053, ""

    709, 515707,160,

    63, 900483,398

    1,633344,282, 597219 ,""26,25037,08061,600

    83.34

    73.71.577.172.2

    5.93

    51.0

    70.478.67.40.0

    3.1.11

    170.7

    19, 859

    457,520

    28, 222

    73.457.588.5

    79.934.662.2

    77.354.470.6

    74.276.1

    50.136.865.0

    45.420.644.1

    71.868.5

    55.256.8

    6, 55037, 286

    , 001,3382,100, 691\ 093,641., 225,012157,000

    1937

    14,4315,2055,09012,0159,387

    433, 042197, 836235, 20612, 760

    078 4,

    7,59841,961

    338 5,853,2,298,2,238,383,453924,430

    ), 648 3711,6287,050

    ,900, ""'1,680,",208,680 1

    280, 714 1

    190, 679220, 575

    89.70

    82.781.494.272.5

    4.16

    54.6

    82.295.278.831.2

    6.72.18

    977.9

    35, 560

    108.6104.3112.7

    99.376.76.592.462.478.993.192.0

    102.5102.4102.6

    88.574.068.2

    100.691.582.276.6

    1939

    18, 5665,2888,190

    14,4138,674

    389, 680171, 382218, 298

    17,644

    405 17051

    673 2.423 %

    930,82259, 700

    ,554, """,465,,733,213,537,130

    195,07989,25092.33

    82.1101.58.03.

    64.4

    91.8107.986.729.64.5

    1.70742.9

    *U4(6 14, 71

    ^168,204182, 520

    34, 38399.990.2

    109.2

    62.765.889.055.375.

    89.292.286.2

    69.956.061.0

    100.495.680.876.6

    1940

    22, 2995, 4559,065

    16,1379,390

    407, 526171, 582236, 943

    21, 9958,732

    45,025{, 765,219,944,255,942,130724, 272460,707757,152

    2,125!, 820,964!, 817, 764

    1, 996,402343, 597

    477, 765 +3,3,200

    93.84

    84.090.2

    100.761.13.3657.2

    80.494.077.26.45.7

    1.91 916.1

    13, 619166, 684

    35,450

    107.5104.2110.6

    88.169.962.991.157.577.9

    92.390.4

    105.4107.8102.7

    81.266.58.2

    104.8100.284.279.0

    Percentage change, 1940 compared with

    1929

    0)-19 .60)

    +192. 7-46 .8-56 .4-71 .6-28 .6

    +450. 3+90. 7

    +176.2-58 .9-80 .9-79 .4-90 .9

    -46 .6-99.7

    +100. 2+103.1+45.2

    !, 610.-85 .5- 1 . 8

    -14 .- 2 . 2+2.2

    - 4 1 . "

    -35.0-48 .5

    -47 .7-36.0-61.4-80.6+29.5-37.0-32 .1

    0)0)

    - 2 . 7

    +1.4

    -11 .9-30 .1+37.1

    -38 .2-22 .1

    - 4 . 5- 3 . 16. 3

    -18 .8-33 .1-41 .8+4.8+.2

    -15 .8-21 .0

    1932I

    0)- 3 . 6

    0)+89.-8.8

    +26.4+2.2

    +53.5+420. 5+62.1

    +116. 4+175. 4+63.1+66.7

    +122.6+497. 5

    - . 7-92.2

    +424.+465.8+ 526.7+271. 5+1+449.2 +1,188. 5

    -94.8-92.0+21.4

    +24.1+44.6+24.2+2.5

    -46.8+65.8

    +70.7+111.2

    - 1 .+3.9- 3 . 4

    +57.9

    0)0)

    +26.4+62.1+97.3+39.

    +15.5+91.5+13.7+9.- . 5

    -1.5+22.9+17.7

    +125.7+222.8+66.7

    +96.+209. 7+32.0

    +30.0+23.6+36.7+23.1

    1933

    0)+13.50)+86.2+5.3

    +445. 0+58.2+89.1

    +352. 2+174.0+174.4+351.0+621.0+56.6+30.1

    +719. 6+897.1+810. 5,208.9

    +12.6

    +14.1+26.2+30.6-15.4-43.3+12.2

    +14.2+19.3+14.5-34.0

    +50.0+72.1

    +436. 7

    (00)

    +25.1+46.5+81.2+25.0

    +10.3+102.0

    +1.1+17.9+5.7

    +10.3+24.4+18.8

    +110. 4+193.0+58.0

    +78.9+224.8+32.0

    +46.0+46.3+52.5+39.1

    1937

    +54.5+4.8

    +78.1+34.3(3)-5.9

    -13.3+.7

    +72.4

    +33.3+20.8+19.1

    - 7 . 4- 7 . 2

    -40 .9+193. 4

    +6.4- 6 9 .+48.4+67.7+65.2+22.4

    +150.-98.5+4.6

    +1.6+10.8+6.9

    -15.7-19.2+4.8

    - 2 . 2- 1 . 3- 1 . 5

    -15.4-14.9-12.4

    -6.3

    0)0)

    - . 3

    - 1 . 0- . 1

    - 1 . 9

    -11 .3- 9 . 0

    - r

    - 1 . 4- 7 . 9 1.3- . 9

    1.7+2.8+5.3+.1

    - 8 . 2- 9 . 6

    -14 .7+4.2+9.5+2.4+3.1

    1939

    +20.1+3.2

    +10.7+12.0+8.3+4.6+.1

    +8.5+24.7+14.9+7.3

    -18 .6-15 .4-13 .2+88.9-50 .2

    -18 .7- 9 6 . 4-20 .6- 1 8 . 7+15.2- 7 7 . 6

    +144. 9-96 .4+ 1.6

    ++3.9- . 9

    +5.3- 9 . 0

    -11 .2

    -12 .4-12 .9-10 .5-10 .8+26.7+12.4

    +23.3

    -7.8-8.7

    +3.1+7.6

    +15.5+1.3

    +12.1+11.5

    - 4 . 4+2.4+4.0+2.8+2.8+1.3

    +14.3+25.1+3.8

    +16.2+19.5

    - 4 . 6+4.4+4.8+4.2+3.1

    1 Not available.

    2 Indexes are based on "general" imports for 1929,1932, and 1933.3 Less than one-tenth of 1 percent.

    * Total for 11 months, January, February, and April-December.6 Data comparable with figures for later years are not available.

    s Figures in italics are comparable with those for earlier years; other figures are revised data comparable with figures for 1940. See note on p. 31 of the March 1940 Surveyregarding change in the compilations.

    7 Estimates of U. S. Department of Labor not heretofore shown in the Survey. Includes self-employed persons, casual workers, and domestic servants.

  • _ jbruary 1942 SURVEY OF CURRENT BUSINESS 63

    AppendixSummary Table: Selected Business Indicators for Specified Years and Percentage Changes

    NOTE.Available data for years prior to 1029 and data for subsequent years not included in this table, together with explanatory notes and references to the sources of thedata, may be found in the 1940 Supplement to the Survey of Current Business unless other reference is given in the appropriate footnotes on pp. S-l to S-38 of this issue.

    Item Unit or base i~1929 1933

    Total income payments Mil. of dolSalaries and wages, total Mil. of dol

    Commodity producing industries. _ Mil. of dolDistributive industries Mil. of dolService industries Mil. of dol ._Government Mil. of dolWork-relief wages Mil. of dol

    Direct and other relief Mil. of dolSocial security benefits and other Mil. of dol

    labor incomeDividends and interest Mil. of dolEntrepreneurial income and net rents Mil. of dol

    and royaltiesTotal nonagricultural income Mil. of doL

    Cash income from farm marketings, crops, 1924-29 = 100and livestock, combined index

    PRODUCTION j

    Industrial production, total 1935-39-100Manufactures, total 1935-39=100

    Durable goods, total 1935-39=100Iron and steel 1935-39=100Lumber production 1935-39=100Machinery 1935-39=100Transportation equipment 1935-39=100

    Aircraft 1935-39 = 100Automobile bodies, parts,

    and assembly | 1935-39=100Shipbuilding j 1935-39 = 100 . . .

    Nondurable goods, total 1935-39=100Meat packing 1935-39=100Paper and products 1935-39=100Petroleum refininsr 1935-39=100Rubber products . . . 1935-39=100Shoes 1935-39 = 100Textiles | 1935-39=100

    Cotton consumption I 1935-39 = 100Wool textiles. _ 1935-39 = 100

    Tobacco manufac tures . . . . . 1935-39 = 100Minerals . , . ._ 1935-39 = 100

    Bituminous coal | 1935-39 = 100.Petroleum, crude 1935-39=100..

    Electric-power production Mil. kw.-hr. .

    PRICES

    Cost of living (U. S. Dept . of Labor) .Food

    Prices received by farmersWholesale, combined index..

    Farm products

    1935-39 = 100.1935-39 = 100-1909-14 = 100..1926 = 100 .1926 = 100 I1926=100Foods.. . . . _.Commodities other than farm prod- 1926=100

    ucts and foods 'Economic classes: i

    Finished products l 1926=100Raw materials ! 1926=100Semimanufactures 1926=100

    82, 37452, 20221, 70313,68011,9134,906

    Year

    1941

    60935

    11,84517, 332

    74, 311104.4

    1101101321331521301340)0)19893

    1158590i

    10018994

    1059796

    107135

    8695,925

    122.132.5

    14695.3

    104.99.991.6

    94.597.593.9

    48,459124.8149.3116.8

    163102.9108.6

    111124.9

    TRADERetail sales: !

    All retail stores, total sales.. i Mil. of dolIndex, all stores j 1935-39=100

    Durable goods stores I 1935-39 = 100Nondurable goods stores j 1935-39=100

    New passenger automobiles ! 1935-39 = 100Chain stores: j

    Grocery I 1929-31 = 100Variety stores (7 chains) > 1935-39 = 100

    Department stores, total j 1923-25=100Rural sales of general merchandise ! 1929-31 = 100

    Foreign trade: !Value:

    Exports,including reexports j Thous. of dol ...i5,,Imports, general j T hous. of dol J4,:

    CONSTRUCTION

    Construction contracts awarded, total, 37 Thous. of dol 5,750,791States (F. W. Dodge Corporation)

    Nonresidential buildings _ Thous. of dol..Manufacturing buildings Thous. of dol..

    Residential buildings Thous. of doL.Public works Thous. of dolUtilities Thous. of dol..

    Engineering construction contracts Thous. of dolawarded (Engineering News Record). ;

    See footnotes at end of table.

    46, 80829, 0859,2297,6607,2014, 339

    656580

    1,042

    7,3318,770

    43,17849.1

    6968545464504835

    0)4679

    119i7675778688938480768477

    84, 736

    92.484.1

    7065.951.460. 571.2

    70.556.565.4

    24, 51763.151.067.1

    48

    80.383.6

    1937

    72, 21345,81117, 37211,16510, 0325, 6031,639837

    1, 217

    9,76214, 586

    65,12381.4

    1939

    71, 01645, 77216, 61011,07710, 0826,1331,8701,0701,695

    8,64813,831

    64, 64272.6

    113113122123111126123105

    12111110694107106104102106111103103112112109

    121, 837

    102.105.3

    12186.386.485.585. 3

    87.284.885.3

    I

    42,148108.5114.6106. 6

    12095.

    103.692

    121.7

    i

    108108109114106103103174

    94127|108|112!11411111310511211010810610699108

    130, 336 j

    99.495.2

    9377.165.370.481.3

    80.470.277. o!

    42,039108. 3109.2107.9100

    102. 5103.5

    90127.5

    240,995 1, 674.994J3, 349,167 J3,177,176399,361 1, 449, 559 3,083, 668 2, 318,081

    76 4,

    1,255,709 2,913,060 3, 550, 543 4,003,957 6,007,474

    127, 517249,264504,458~4, 525

    417,4621,156.161313, 689905,293588. 658262, 948

    638 L2, 425, 308545,862

    1,915,729940,138469, 616

    3,950, 315; 1,068; 369 2,437; 623 3,002'. 856 3. 987,243 5,868,699

    965,174,847

    I, 334,272961,682""" 151

    5,002.

    75, 70649, 25018, 85111, 64210, 5516,6291,5771,0961,891

    9,08514, 384

    69, 08777.0

    123124138147115135145419

    11619011312512311312310011412010610911114116

    144,985

    100.296.698

    78.667.71.383.0

    81.671.979.1

    45,694117.128.0114.3131

    112.3107.

    94134.6

    89,42559, 87926, 24512,92911,1748,3171,2141,113 -4-11,813

    9,56117, 059

    80, 790102.8

    Percentage change 1941 compared with

    1929 1933 1937 1939

    +8 . 61+14.71+20.9-5.5-6.2

    +69. 5

    v 193186

    v 129P 2 0 9P 2 3 6

    M43*135

    129142

    P 1243 151

    p 122v 151

    158*160

    1201p 125|v 126120

    167. 665

    105.2105.5

    87.382.482.789.0

    89.183.586.9

    53, 613138.1156. 7132.0

    155

    v 135.4v 121.0

    110170.4

    :, 023.022 5,145, 7982,625,379 3, 345,058

    1,294, 640 2, 315, 671442,424 1,181, 523

    1, 596,944831, 304281,069

    1,953, 8011,109,253

    628. 749

    +91. 0+105.9+184.4+68.8+55.2+91.7+85.1+91.9+74.0

    +30.4+94. 5

    +8. 7j +87.1-1.5J +109.4

    , 755. 01+93.9|-19. 31

    i

    +41. 8;+46.4|+46. 2j+39. 81-15. lj+60. 81+76.1

    0) I

    (0 !+45. 2;+12.21+67.1 j+37. 8 i

    0)+37.1I+60. 61+50. 5|+ 64. 9 i+25.0|+16.8!

    -6.7!+39.51+74.8!

    - 1 4 . l j- 2 0 . 4 ;- 1 6 . 41

    - 8 . 4 |21. 4|-17. 2j

    - 2 . 8

    - 5 . 7-14.4

    - 7 . 5 |

    +10. 6+10.7+5.0

    +13.0

    +31.6+11. '

    - . 9+36. 41

    - l . s i-24.0

    +4.5-4.5

    +116. 5+2.0

    +18.0+33.9+48.6

    +126. li+136.8!+257. 4|+244.4+ 101. 6+318.0+391. 7

    0) i0) I

    +70.9|+8.4

    +86. 8+65.3

    0)+41.9!+71. 6|+69. 9!+90. 51+50.01+64. 51+50. 0|+55.8|+97.9!

    +13.9+25. 4 i+74.3+32.5+60.3+36.7+25.0

    +26. 4+47.8+32. 9

    +118.7+118.9+207. 3+95.7

    +222. 9

    +68.6+44.7+64.2

    +146. 2

    +207. 2+130.8

    +378.4 j+454. 7+826. 6.+683.8+119. 9+643. 9+449. 3

    1940

    !

    +23.8+30.7+51.1+15.8+11.4+48.4-25.9+33.0+49.0

    +17^0+24.1+26. 3

    +38.1+42.5+58.2+51.2+16.2+65.9+91.9

    0)+15.7

    0)+27.4+37.2+32.+17.0O)

    +19.6+42. -+42.+55.3+16. +11.6+12.5+ 10.1+37.6

    +2.4+.2+

    -4* .- 3 .+4.

    +2.- 1 .+1.

    +27.+27.+36.+23.+29.

    +41.+16.8+19.6+40.0

    +53.6+8.5

    +106. 2

    +100.3+276. 7+115.8+88.4

    +139.1+140. 8

    +25.9+30.8+58.0+16.7+10.8+35.6-35.1+4.0+7.0

    +10.6+23.3+25. 0+41.6

    +44.4+49.1+77.1+63.2+21.7

    +102.9+129.1

    0)^+48.9

    0)+25.0+15.2+24.6+11.7

    (0+16.2+34.8+43. 6+48.1+13.2+17.9+27. 3+11.1+28. 6

    +5.8|+10. 8|+31. 2i+13.2+26. 21+17. 5

    +9. 5

    +10.8+18.+12.9

    +27.5+27.5+43.5+22.3+55.0

    +32.1+16.9+22.2+33.6

    +62.0+44.3

    +69.2

    +139. 8+575. 7+46.4+15.3

    +117. 6+95. 4

    +18.1+21.6+39.2+11.1+5.9

    +25. 5-23.0+1.6-4.1

    +5.2+18. 6

    +16.9+33. 5

    +26.8+29.8+39.9+26. 5+12.2+54. 8+62. 8

    0)+20.7

    0)+19.5+3.2

    +15.4+9.70)

    +22.0+32. 5+31.7+50.9+10.1+6.8

    +10. 5+3.4

    +15. 0

    +5.0+9. 2

    +24. 5+11.1+21.7+16.0+7.2

    +9.2+16.1+9. 9

    +17.3+17. 3+22.4+15.5+18. 3

    +20. 6+12.3+17.0+26. 6

    +27.9+27.4

    +50.0+78.9

    +167.1+22.3+33. 4

    +123. 7+47.2

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

    February 1942

  • 64 SURVEY OF CURRENT BUSINESS February 1942

    Summary Table: Selected Business Indicators for Specified Years and Percentage ChangesContinued

    Item Unit or base

    Thous. of employees.

    1923-25 = 100

    EMPLOYMENT AND W A G E S

    Employment , monthly average:Total civil nonagricultural employ-

    mentFactory

    Durable-goods group | 1923-25 = 100Nondurable-goods group. | 1923-25=100

    Selected nonmanufacturing indus- jtries: j

    Mining: jBituminous coal | 1929 = 100.__Metalliferous I 1929=100

    Year

    1929 1937

    1929 = 100.1929 = 100.

    Crude petroleum producing.Public utilities:

    Electric light and powerRailways, class I I 1923-25 = 100.Telephone and telegraph I 1929 = 100

    Trade: IRetail ! 1929=100Wholesale | 1929 = 100

    Pay rolls: !Factory ! 1923-25=100..

    Durable-goods group I 1923-25= 100.,Non-durable-goods group | 1923-25 = 100.-

    Selected nonmanufacturing indus- jtries: j

    Mining: !Bituminous coal j 1929 = 100Metalliferous j 1929 = 100Crude petroleum producing. . . j 1929= 100

    Public utilities: ' IElectric light and power . _ | 1929 = 100Telephone and telegraph ! 1929 = 100

    Trade: iRetail _.i 1929 = 100Wholesale i 1929=100

    36, 474

    106.0106.2105. 9

    100. OS100. 0]ioo. o!loo.oj93. 0|

    100.0!100.0100.0110. 4J111.21109. 61

    100. Oj100. 0i100. 0!

    i

    100. 01100.0:100. 01100.0;

    28, 23473.457.588.5

    79.934. 6 i62.2!77. 3!54.4;70.61

    74 2 |

    76.150.136.865.0

    45.420. G!44. I ;71.8!68.5|55.2i56.8!

    35, 773108.6104. 3112.7

    99.376. 8:76. 5;92.462.478.993.192. 01

    102.5102.4102. 6

    88.5:74.0'68. 2.

    100. 691. 5;82. 276. 7

    1939 1940

    35,016; 36.228! v 39, 36199.9!90. 2!

    109.2?

    78.6:62. 7 65.889.055.375.8:89.8;89. 21

    !92. 2i80. 2:98.9

    69. 9156.0!61.0;

    100. 495. 6:80.8^76.6

    107. 5 i104.21110.6!

    88.0:69. 9 i62. 9;

    I91. l!57. 5;77.9iI92.3190.4:

    105. 4!107.8;102. 7:

    81.266. 7'58.2:

    104. 8100.2:84.2;79.0!

    Percent change 1941 compared with

    1933

    +7.9 | +39.4

    FINANCE IFederal Reserve weekly reporting member j

    banks, condition, end of year: jDeposits: I

    Demand, adjusted i Mil. of dolTime, excluding interbank, | Mil. of dolDomestic interbank ! Mil. of dol

    Investments , total | Mil. of dol . - -Loans, total I Mil. of dol .

    (6,78:0) :5,514!

    17.649!Mil. of dol i 935,027!Mil. of dol i 603,089;Mil. of dol j 331,9381 '

    3,997!4, 578!

    16, 3011Capital notations, total ". j Thous. of dol jll,592,164'

    Bank debits, totalNew York CityOutside New York C ity

    Gold, monetary stock, United States, endof year 1 Mil. of dol

    Currency in circulation, total, end of year-Federal debt, gross, end of year.

    Mil . of dol \Mil. of dol.

    New capital, total | Thous. of dol i 10,182,767Domestic, total [ Thous. of dol 9, 419, 839

    C o r p o r a t e - - - " . " " - " " - . " " - " ! Thous. of dol s'002'064JFarm loan and other Govern- ' Thous. of dol : 0!

    ment agencies. j | iMunicipal, States, etc - . Thous. of dol 11,417,775

    Foreign, total i Thous. of dol | 762,928Refunding, total Thous. of dol [1,409, ~~~

    Domestic, totalCorporateFarm loan and other Govern-

    ment agencies.Municipal, States, etc j Thous. of dol 12,876

    Thous. of dol 1, 387, 365Thous. of dol ! 1, 374, 4891Thous. of dol i

    0)4,808(1)

    i8,666|8,91514

    282, 706!4 148,449!

    * 134,257!4, 03615,5191

    23.815!,053, 712J4,709, 515! 2,707, 882! 2,160, 584! 1,63, 900]

    I483, 398

    1,633344, 197282, 597219, 266 126, 250

    Foreign, total i Thous. of doLBond prices, end of year: J

    Standard and Poor's Corporation: jHigh-grade (15 bonds) j Dols. per $100 bond-_:Medium and lower grade (50 ' *

    bonds).Industrials (10 bonds)Public utilities (20 bonds)Rails (20 bonds)

    U. S. TreasuryBond yields, end of year:

    Moody's domestic corporate ! Percent-Stock prices, end of year: j

    Standard and Poor's Corporation:Combined index (402 s tocks) . .

    Industrials (354 stocks)Public utilities (28 stocks) _Rails (20 stocks)

    Stock yields, end of year: IMoody's , common, (200 stocks) | Percent - .

    Stocks, dividend rate per share 600 com- | Dollars.,panies (weighted average), end of year i

    Dols. per $100 bond- -jDols. per $100 b o n d - JDols. per $100 bond- _ iDols. per $100 bond-_!Dols. per $100 bond . _|

    1935-39 = 1001935-39 = 1001935-39 = 1001935-39=100

    22,033!

    0)0)

    37,080161, 600

    0)0)

    v 127. 6p 134.0p 121.6

    ?86. 2P 7 7 . 5P 6 6 .

    *>92. 863.8

    ^86.3

    *>98.0P 9 4 . 0

    P148.1*167. 8P127.4

    P100. 0P81.7P60.4

    p i l l . 3P112.6.

    P93. 3:p 87. 1!

    23, 6505,3689, 0401

    18,715!11,370

    491, 499197, 724293, 775

    12,760 17,644: 21,995! 22,73'6,550; 7,598! 8,732| 11,160

    37.286! 41,961 j 45.039! 57,938001, 338!5, 853, 078;4, 805, 914!5, 466, 949100, 691 j2, 298, 405 1, 950, 53812, 811, 620093, 64112, 238, 705il, 948, 413J2, 810,120225,012! 383,453! 736, 383! 1, 022, 314157,000 924,430; 460, 707! 1, 272, 120

    711,628 930,82212,751,324 515,6857,050! 59,700 2,125 1,500

    900, 648! 3, 554, 673! 2, 855, 376! 2, 655, 330680, 073! 3,465, 423! 2, 852,176 2, 655, 330- - - - - -

    1 1,545,136

    690, 635419, 558

    +20.4!+26.2+14.8

    -13.8-22.5-33.9

    1937

    +73.8+133.0+37.4

    +7.9+124.0

    +6.3

    +10.0+17.5+28.5+7.9

    14,4315,205|5,090!

    12,015|9,387!

    433,042!197, 836!235,206; 218,298! 236,952;

    18, 566:5,288'8, 190!

    14.41318, 6741

    389, 680171,382

    22,299!5, 455!9,065!

    16,137'9,390

    408, 535171, 582

    , 208, 680| 1, 733, 213!2, 026, 195280, 714! 1,537, 130! 343,597190,679 195,079220,575! 89,250

    482, 3833.200

    110.7!83.6'

    114.492.1

    0)0)(00)

    0)0)0)

    90.5

    88.89.73.

    101.

    7;o110!

    94.5102.679. 1

    105. 35.93! 3.69

    TRANSPORTATIONSteam railways (Class I):

    Freight-car loadings (F. R. index)Operating revenues, totalNet railway operating income

    Operations on scheduled domestic airlines:

    162.4132.7!234. 7!361. 5

    4. 4!3.03;

    74.371.278.6

    107. 03.8

    1.11

    85.785. 190.881.1

    6.72.18

    97.097.6

    101.378.44.5

    1.70

    117.798.1

    102. 81105.3!86.2|

    111.8J3.36!

    84.9!84.9!90.6!70.0:

    1.91!

    - 7 . 2 +20.131.4| +17.3- 1 3 . 7 +22.2

    - 2 . 0 +32.1-6.01 +23. 5

    +34.7 +196. s\+50.9 +356.0!+ 16.2 +96.0!

    01 +120.3!-18.3 +296.6|-39. 6| +37. 0|+11.31 +55.0!+12.6! +64.4!

    -6.7J +69.0-12.9; +53.3!

    0) i+ 11.6

    +116.01+27. 5J

    0)0)0)

    +463.41+102. 2+143. 3+418.8+296. 3+297. 0+536. 6

    +1, 890. 8

    +6.7-8 .1

    +671.5+839. 6+604. 7

    +2, 531. 0

    +3,158.4 +1,031.5

    1939 1940

    +12.4! +8.6+27.7!+48.6,-+-11. 4j

    + 18.7+28.6+9.9

    -13.2+.9

    - 1 3 . 6+.4

    +2.2+9. 41+5.3! +9.1;+2.2 +5.4!

    +9.7 -2.0+23.61 +10.9

    +.5| +5.1+4.3| +1.9

    + 15.4! +11.0+13.9J +10.8

    i+6.2+4.0

    !+45.11+63.9+24 2!

    +13.0+10.4-11.4

    +10. 6 [+23. Ij+13.5!+13.7

    +63.9;+3.1!

    +77.6!+55.8!+21.11

    13.5!

    +24'. 9+78. 2 i+70. 4|+55.4+36.6!+33. 8+34.2- 1 6 . 5

    +710. 3

    - 2 7 . 5- 7 8 . 7+39.7+58.0+27.8

    +146. 0+120.0

    +61.3 +41.1+94.7| +55.7+28.8! +24.1

    +43.1! +23. 2+45.9! +22.5-l.Oi +3.8

    3.35

    7.32.05

    0)0)(00)0)+22.3

    - 3 5 . 21 - 4 3 . 5

    - 3 . 4+3.7

    - 1 5 . 8- 4 3 . 0

    Passenger miles flown_Express carried

    1935-39=100Thous. of dol 1Thous. of dol \\

    +65. 9-32.3

    +92.+84.7

    152! 82! 111 101 109 130 - 1 4 . 5,6, 283, 062 3, 095, 539:4,166, 182:3, 995, 004 4, 298. 002(5, 346, 700: - 1 4 . 9i 1, 252, 297 474, 268! 590, 2211 588, 829 i 682, 54311. 000, 5971 - 20.1

    Thous. of milcs-Pounds

    +58. 5+72.7

    +111.00) 173,492! 476,603! 749,7871,147,445J1,491,73o| 0) +759.8

    249. 634 1, 510, 215!7,127, 369!9, 514, 300:12,506,576] 19,258,592)+7, 614. 7|+1,175. 4

    +6.1+16.5+18.4+17.6+12.7+9.6

    -19.5

    -16.2-13.3-27.1-24.8+9.0-6 .0

    +17.1+28.3+69. 5j

    +213.0+170.2

    +10. 9+17.8+ 15. 5+ 13.7

    +27.4!+ 1.5;

    +10.4+29.8+31.1+26. 1+15.4+34.6

    +28.9+46. 9+38. 1;

    -6.6!+22.3+25. 5

    +166. 6+37. 6-44.6-97. 5-25.3-23.4-10.9!-55. 1

    + 115.1

    +6.2+12.4+10. 8+10.3

    +6.1 1.6

    - . 3+16.0+21.1+20.3+ 15.2+24. 0+3.4

    +27.8+28. 6+13.8+44.1+44.2+38.8

    +176. 1

    -31.4-29.4- 6 ! 9

    -23.7+ 101.0-13.0

    +2.7!+5.8J

    +2.0|+4. 2!+5.1- 9 . 2

    +2.1

    - 4 . 4- 1 . 0

    - . 3

    - 2 6 . 0 - 1 5 . 4-24 .4 ! - 1 3 . 1-34 .6 ! - 2 6 . 9 22.2] - 1 3 . 9+62. 2! +28.1+20.61 +7.3

    +28. 7 +19. 3+33. 8 +24. 4+69.9! +46.6+99.0! +30. 0

    +102. 4j +54. 0

    v Preliminary.1 Not available.2 Average for 11 months.

    3 Average for 10 months.

    < Total for 11 months, January, February, and April-December.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

    February 1942