Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg....

59
NOVEMBER 1943 SURVEY OF ENT J BL JL UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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NOVEMBER 1943

SURVEY OF

ENTJ BL JL

UNITED STATES DEPARTMENT OF COMMERCE

BUREAU OF FOREIGN AND DOMESTIC COMMERCE

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Survey of

CURRENTBUSINESS

VOLUME 23, No. 11 NOVEMBER 1943

Statutory Functions "The Bureau ofForeign and Domestic Commerce . • .tofoster9 promote, and develop the foreignand domestic commerce of the UnitedStates" [Law creating the Bureau, Aug.23, 1912 {37 Stat. 408].]

Department of CommerceField Service

Atlanta 3, Ga., 603 Rhodes Bldg.Boston 9, Mass., 1800 Customhouse.Buffalo 3, N. Y.f 242 Federal Bldg.Charleston 3, S. C , Chamber of Commerce

Bldg.Chicago 4, HI., 357 U. S. Courthouse.Cincinnati 2, Ohio, Chamber of Commerce.Cleveland 14, Ohio, 750 Union Commerce

Bldg.Dallas 2, Tex., Chamber of Commerce Bldg.Denver 2, Colo., 566 Customhouse.Detroit 26, Mich., 371 New Federal Bldg.Houston 14, Tex., 603 Federal Office Bldg.Jacksonville 1, Fla., 425 Federal Bldg.Kansas City 6, Mo., 724 Dwight Bldg.Los Angeles 12, Calif., 1540 U. S. Post Office

and Courthouse.Memphis 3, Tenn., 229 Federal Bldg.Minneapolis 1, Minn., 201 Federal Bldg.New Orleans 12, La., 408 Maritime Bldg.New York 18, N. Y., Room 1950, 500 Fifth

Ave.Philadelphia 2, Pa., 1510 Chestnut St.Pittsburgh 19, Pa., 1013 New Federal Bldg.Portland 4, Oreg., Room 313, 520 S. W. Mor-

rison St.Richmond 19, Va,, 601 Atlantic life Bldg.St. Louis 1, Mo., 107 New Federal Bldg.San Francisco 11, Calif., 307 Customhouse.Savannah, Ga., 403 U. S. Post Office and

Courthouse Bldg.Seattle 4, Wash., 809 Federal Office Bldg.

ContentsPage

ECONOMIC HIGHLIGHTS 1

THE BUSINESS SITUATION 2

September Income Payments Fail to Gain . . . . 2

Business Inventories Rise in September 3

Transportation 4

Foreign Trade of the United States 5

REVISED ESTIMATES OF SALES OF RETAILSTORES . . . 6

BUSINESS DISCONTINUANCES, 1940-42 . . . . . 15

STATISTICAL DATA:

Monthly Business Statistics S-l

General Index Inside back cover

Published by the Department of Commerce, JESSE H. JONES, Secretary, and issued through the Bureau of Foreign

and Domestic Commerce, Amos E. Taylor, Director. Subscription price of the monthly SURVEY OF CURRENT

BUSINESS, $1.75; Foreign, $2.50 a year. Single copy, 15 cents. Price of the 1942 Supplement is 50 cents. Make

remittances" only to Superintendent of Documents, U. S. Government Printing Office, Washington 25, D. C.

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Economic HighlightsFarm Marketings to Set High

Record for Year

American farmers this year will almostcertainly market largest volume of farmproducts in Nation's history. Actualmarketings for first 9 months of 1943were 6 percent ahead of similar 1942period. September marketings declinedsharply on seasonally adjusted basis, ashad been expected, but fourth quartermarketings will be heavy enough to en-sure a record-breaking volume for yearas a whole.

Livestock and their products marketedduring first 9 months have run 8 percentahead of similar 1942 period, while cropmarketings were only 2 percent ahead.Fourth quarter marketings are usuallyvery heavy in case of crops; last year 37percent of year's crop marketings camein last quarter. Should that same pro-portion come to market this year, 1943crop marketings would exceed those of1942 by about 2 percent. Of total 1942livestock and products marketed 27 per-cent moved during fourth quarter. Ifsame proportion were repeated in 1943,this year's total marketings of livestockand products would exceed 1942 by 8percent.

Average prices received by farmers re-mained steady in September at highestlevel since 1920. Most major pricegroups rose during the month but wereoffset by a sharp decline in potatoesseconded by wool and tobacco. In Au-gust, the combination of record highs inboth prices and farm marketings carried

BILLIONS OF DOLLARS5

INDEX, 1S35-39- 100300

2 5 0

200 h

MONTHLY DATA, EXCEPT PRICES,ADJUSTED FOR SEASONAL VARIATIONS

MONTHLY AVERAGEFOR THE YEAR

CASH INCOME FROM FARM MARKETINGS(EXCLUDES GOVERNMENTAL PAYMENTS)

PHYSICAL VOLUME OF FARM MARKETINGS

V I

PRICES RECEIVED BY FARMERS

I I i M ! 1

150

'ooh^y-.

Farm Marketings and Prices Received by Farmers.

cash income from farm marketings, sea-sonally adjusted, to an all-time peak of265 percent of 1935-39 average. Septem-ber drop in seasonally adjusted farmmarketings with prices steady resultedin sharpest decline in seasonally adjustedcash income from farm marketings inseveral years. For 9 months endingSeptember 1943, cash income from farmmarketings was 29 percent ahead of cor-responding period last year.

TOTAL NEW CONSTRUCTION*.

1stQu.

2ndQu.

3rdQu.

4thQu.

1stQu.

2ndQu.

3 rdQu.

4 thQu.

1stQu.

2ndQu.

3rdQu.

4 thQu.

1 stQu.

2ndQu.

3 rdQu

4 thQu.

I stQu.

2 ndQu.

3rdQu.

1939 1940 1941 1942

4 thQu.

1943D.D. 43-236

New Construction Activity, Excluding Work-Relief Construction, in ContinentalUnited States.

Construction Activity Continues toDecline

New construction activity in conti-nental United States has now completeda full year's decline from war period andall-time peak attained during thirdquarter of 1942. Construction duringwar period, as chart strongly emphasizes,has been primarily military and navaland industrial construction for Govern-ment account. Hence private buildingduring 1943, which will total about 1.6billion dollars, has been one of mostthoroughly deflated of all private busi-nesses. Only in 1933 and 1934 was pri-vate building lower in last generation.

At war boom peak just a year ago,private construction formed only 15 per-cent of total construction. Pendulumhas started to swing back, and duringthird quarter just ended, private con-struction was 24 percent of total.

Residential and all other constructionat last year's wartime peak, was only 26percent of ail construction with military,naval, and industrial forming the bal-ance. In third quarter of 1943, residen-tial and all other construction in prog-ress had climbed up to 43 percent of totalas war construction shrank. All otherconstruction rose slightly chiefly becauseof seasonal advance in highway con-struction.

Further tapering off of war construc-tion is expected to bring fourth quartertotal below 1.5 billion dollars. Aggre-gate for year will thus fall below 8 bil-lions compared to 13.5 billions last year.

5 5 4 7 5 •"> 1 • >— 1

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SURVEY OF CURRENT BUSINESS November 194

The Business SituationIV,1OST significant of October and third-*-'-*- quarter economic developments wasthe failure of Government expendituresfor war and for all purposes to equalthose of the second quarter. Secondquarter expenditure^ are, therefore, asmay be seen in chart 1, the peak for thewar period to date. Hence while it isprobable that the second quarter peakwill again be equaled or exceeded in thenear future, it seems a reasonable infer-ence that further increases in nationalincome based on Government spendingwill be relatively small, The other fac-tor, i. e., private investment and con-sumer spending, which in normal timescan motivate broad changes in nationalincome, will very probably remain forthe duration of the war under the re-straint of controls and shortages.Neither of these can, upon the assump-tion that the restraints remain effective,initiate large increases in national in-come in the near future.

To the extent that the above premiseis correct, any very large increases inthe national income during the remain-der of the war emergency period cancome only from inflationary factors.The future trends in average prices,wages, and cost of living are thus of basicimportance. Rising costs for varioustypes of essential products necessitatea choice between subsidies or other pro-duction aids and higher ceiling prices.A widespread movement to lift wagerates would, if unchecked, result inlarger incomes for some and higher costsfor others, starting the familiar spiral.These and other aspects of the omni-present inflation problem are increas-ingly becoming the key to the near fu-ture trend of the national income incurrent dollars.

This conclusion finds some support inthe creeping rise of industrial produc-tion in recent months. Further increasesin the national income from increasedproduction cannot be very great nowthat the Nation is approaching full em-ployment of its resources. Total indus-trial production, as measured by therevised Federal Reserve index, season-ally adjusted, rose only one point inSeptember to 243 (1935-39=-100) and,according to indications available inearly November, by the same amount inOctober. The September rise was con-fined to durable manufactures and tominerals while nondurable manufac-tures remained unchanged. Althoughtransportation equipment, iron andsteel and other "war" industries led therise of the durables, total munitions pro-duction in September registered only anominal increase, perhaps due to theshorter month.

Notwithstanding the retarded rate ofincrease in production, the trend ofmanufacturers' new orders (discussed inmore detail in a later section) is stillupward. In the durable goods line wheremunitions output forms a high propor-tion of the total, incoming orders arestill in excess of shipments so that back-logs continue to rise. Because of the ur-

gent demand for these products, thetrend of their output will undoubtedlycontinue upward.

Among the factors retarding the riseof industrial production, material andequipment shortages are still prominentbut lack of manpower remains the chiefbottleneck directly or indirectly under-lying the others. The number of in-dustrial areas where acute labor short-ages exist rose from 71 on October 1 to77 a month later, or 22 percent of the351 areas classified by the War Man-power Commission. At the beginning ofthis year, only 11 percent of the 272 areasclassified were experiencing acute laborshortages. There has been a steady risein the proportion having acute shortagessince then, and an equally steady declinein the proportion enjoying an adequatesupply.

The governing factor in the labor out-look is the continued shrinkage in thecivilian labor force which stood at 52,-600,000 in October, a drop of 1,400.000in 12 months. Thanks to a cushion ofunemployment which was reduced from1,600,000 to 700,000 over that period,total employment in October was onlyhalf a million below October 1942. FromSeptember to October, the labor forceshrunk 700,000, largely on a seasonalbasis as students returned to school. Thechief impact of this manpower drainhas fallen on nonagricultural employ-ment which dropped 700,000 in the yearending in October. Manufacturing,

Government, and transportation andpublic utility personnel has grown atthe expense of mining, construction,trade and service. The employee rosterin manufacturing establishments at-tained a wartime peak in August at16,245,000 but receded from it in Sep-tember by about 40,000. Of the 20 majorgroups of manufacturing industries, 13suffered losses of wage earners in thatmonth.

Labor turn-over continues high andaccentuates the manpower problem.Better utilization of existing personneland longer hours of work are being in-creasingly emphasized as the chief solu-tions of the manpower shortage.

September Income Payments Failto Gain

For the first month since our war ef-fort began in earnest, income paymentsfailed, on a seasonally adjusted basis, tomake any substantial gain in September.The income streams that have in recentyears accounted for by far the largestpart of the increases in income paymentshave, as shown in table 1, been: (1) man-ufacturing pay rolls, (2) Governmentpay rolls, and (3) net income of farmoperators. The month-to-month gainsof all three components have been taper-ing off over the last year. Hence thesharp decline in seasonally adjusted netincome of farm operators in Septemberwas not much more than offset by the

Chart 1.—Budget Expenditures of the Federal GovernmentBILLIONS OF DOLLARS10

TOTAL EXPENDITURES(INCLUDING DEBT RETIREMENT)

Ss 1940 1941

Source : IT. S. Treasury Department (daily statement).

1942 1943DO, 4 3-355

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November 1943 SURVEY OF CURRENT BUSINESS

Fable 1.—Seasonally Adjusted Income Payments to Tndhiduai^[MiilloM- of dollar.-]

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continued rise, even though at a slowerrate, of the other income streams.

Although it is unlikely that any oneof the three types of income mentionedhas as yet attained its maximum for thewar period, it is clear that further ad-vances, apart from those of inflationarycharacter, will be definitely of smallermagnitude. Manufacturing pay rolls willshow smaller increases as employmentapproaches a maximum and stabilizes ordeclines, and as wage rates are stabilized.Government pay rolls will become sta-bilized as the personnel of the armedforces and the war agencies reach theirpeaks. Farm income will cease to riseand level off when maximum output isreached at stable prices. Inflationarytendencies, however, could obviously pro-long, and even accelerate, the rise ofthese income streams, especially the firstand third, considerably beyond presentlevels.

Business Inventories Rise inSeptember

The value of business inventories in-creased 250 million dollars during Sep-tember, reaching a total of 27.8 billiondollars at the end of the month. Furtherstockpiling by retailers accounted forabout one half of the rise. In anticipa-tion of a much earlier Christmas tradethis year, retailers increased their in-ventories by 400 million dollars duringthe third quarter. General merchandisestores and apparel stores, because of therelatively more plentiful supply of manynondurable goods carried by them, wereabout the only lines of retail trade thatwere able to add significantly to theirInventories. Most of the increase dur-ing the quarter was due to the expan-sion in these stores. Inventories ofwholesalers recorded little change dur-ing September, the slight decline in in-ventories of durable goods establish-ments being almost offset by a slightrise in the nondurable goods establish-ments. Chart 4 shows the situationthrough August.

( o l l i l l 11. 1 l l o i n J u t h.n and u im.Mir tJd d toie»

Manufacturers' inventories increased100 million dollars during September,following the substantial rise of almost200 million during August, Inventoriesof the automobile industry were some-what lower at the end of September fromthe end of August. The changes inother major durable goods industrieswere mixed, but in each case were rela-tively small.

Manufacturers' inventories of most ofthe major nondurable goods industrieswere reduced during September, al-though in none of the industries wasthe drop more than 2 percent, This isin contrast to the previous month whenthere was a general seasonal rise inthe inventories of these industries.

Manufacturers' shipments reached anew record high in September and rep-resented a gain of about 1 percent fromAugust. Shipments of the durable goodsindustries, which include most of the

industries producing war goods, in-creased less than 1 percent from August,Shipments of the transportation equip-ment industry dropped by about 2 per-lent from August, tho first month-io-monlh decline since March, This r( -fkcis in part somewhat lower deliver!* .*nl aircraft, and parts,I at»le 2.— r.Nlimat<-fl \ alnr of 6$ii-»im*s-

ImcntorH*** and lnd«»\<is of \iamifa«'-tiiror*** Shipments- and -V"** Orders

( " M i n i r '

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All iudustries....Durable foodsNondurable go

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o v - i of i f iMDuPi f ' t inv i s s i n ;nls /'a\cr'rrc month IWA'r 1«••

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187

•im'factun'i\s' nev<);i«)—100).

•HHi191

282423J92

All industriesDurable goods -. -Nondurab le good.*.

1 Pre l iminary .Source: TJ. S. T>op,T?mt w .if r .» innien-

Deliveries of the nondurable goods in-dustries increased 2 percent from Augustto September on a daily average basis.Most of the rise was due to heaviershipments of the food industries, par-ticularly canning and preserving, and ispartly seasonal in character. Shipmentsof the other major nondurable goodsrecorded minor increases.

New orders received by manufac-turers increased by more than 2 percentfrom August, although the Septembervolume was still considerably below the

BILLIONS2 0

16

12

8

4

0

DEC.

M M

1938

Chart 2.-—BusinessOF DOLLARS

1 I l i i l

1939

Inventories at YAH\ of Month

1" ~" i~ - " " ^

MANUFACTUi

RETAILE

M ! ! ! 1 I ! 1 I I

1940

9ERS*~~*ptf

| I I ! i 1 M M I

1941

- x s

4LERS

M I I 1 1 M M ;

1942

-- -

M i M M 1 t

1943DO 43-423.

Sourer : W S. Department of Commerce.

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SURVEY OF CURRENT BUSINESS November 1913

June peak. New orders received by themachinery industry showed a change intrend from the last two months. De-mands continued to increase for iron andsteel products and other durable goods.

TransportationThe Nation's carriers, as shown in

chart 5, continue to deliver an everlarger volume of commodity and passen-ger transport service. All former recordsof rail freight traffic, as measured byrevenue ton-miles, are being exceeded.Freight movement reached about 67 bil-lions in October, an eight percent in-crease over October 1942.

It is estimated that revenue ton-mileage in the final quarter of 1943 willbe 188 billions or only 4 billions belowthe third quarter volume. Furthermore,it is expected, on the basis of the presentoutlook, that traffic during the first halfof 1944 v/ill be about 380 billion revenueton-miles, or an increase of 8.8 percentover the first half of 1S43 and equivalentto the volume during the last half of 1943,The outlook, therefore, is for rail trafficto hold consistently above levels of thecorresponding periods of the previousyear, even though the October 1943 vol-ume probably will not be exceeded untilnext October,

The arrival of winter means more dif-ficult operating conditions, such as theneed for added motive power for a giventrain to offset increased journal frictionand loss of locomotive heat at low tem-peratures, and the retarding of loadingand unloading in severe weather.Greater pressure is being placed on car-riers serving the Pacific Coast due tomilitary and Lend-Lease demands.Some additional burden may be shiftedfrom motor carriers to the rails. Man-power shortages still loom as a threat toincreased performance. The accidenthazard has risen under present con-ditions.

Finally, there is little prospect for asubstantial increase in new equipment.The number of serviceable cars ownedby class 1 roads on October 1, 1943, was1,698,550, compared with 1,690,570 oneyear earlier, an increase of 0.5 percent,while revenue ton-miles rose by an esti-mated 9 percent during the same period.Some further increase of serviceablesupply in the next few months will bemade possible through increasing deliv-eries of new cars. During the last quar-ter of this year, new installations areexpected to average between 3,000 and4,000 a month. Assuming no furtheradditions to active car supply can beattained through reducing either carsurplus or the unserviceable supply, newinstallations would increase total railfreight-car capacity by less than 1 per-cent. The supply of serviceable steam,and serviceable electric and Diesel loco-motives is also expected to increase somebut not enough to effect a substantialincrease in tractive capacity.

To meet the traffic demand duringcoming months, the Office of DefenseTransportation has inaugurated a pro-gram of attempting to increase over-allfreight train performance by 10 percentthrough cooperation with carriers, ship-pers and receivers, other Government

Chart 3.—Volume of Transportation by Type l

(INDEX, DAILY AVERAGE 1936-39 = 100)

INTERCITY MOTORTRUCK "FOR HIRE"

LOCAL TRANSIT,PASSENGER

J F M A M J J A S O N D J F M A M J J A S O N O J F M A M J J A S O N D

1 Indexes for commodity and passenger traffic (except local transit) are based upon ton-miles andpassenger-miles, respectively ; index for local transit is based upon number of passengers.

Source : U. S. Department of Comnrerce.

agencies, and the public. In an attemptto appraise the extent to which the rail-roads may raise their efficiency, as wellas to determine the proportion of capac-ity now being utilized, the following anal-ysis was made of 48 large steam railwaysaccounting for 90 percent of net ton-mileage of all class 1 roads.

Gross ton-miles per train-hour wereused as the best measure of performancebecause they show the amount of workdone per unit of time and take into con-sideration empty as well as loaded carmileage. Maximum net ton-miles areused to measure railroad capacity. Thereare shown in table 3 the maximum per-formance ratios attained by the roads ofeight regions in recent years in compari-son with their achievement in August1943, The average performance in Au-

gust was only 96.7 percent of the averagemaximum performance of the 48 roads,indicating that, under certain conditions,efficiency could conceivably be raised byat least 3.3 percent over that of August.

The above measure assumes that thenumber of trains would be unchanged.Under present conditions, the ultimatecurrent capacity of the roads is moresignificant than obtaining the optimumperformance, since the maximum loadmust be carried to meet wartime de-mands. Table 3 therefore presents acomparison of maximum net ton-mileageperformed in recent years and the netton-mileage in August. This comparison,which allows for changes in the numberof trains run, reveals a 3.5 percent mar-gin of capacity that could perhaps beutilized. Such utilization would depend

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November 1943 SURVEY OF CURRENT BUSINESS

in an important degree on the geographicdistribution of the additional traffic of-fered. In table 3 are shown also theregional variations in the maximum per-formance and capacity attained. Theseven northwestern lines all carried theirmaximum ton-mileage which is here usedas an estimate of their present maximumcapacity in August and all but one ofthem reached maximum performance inthe same month. On the other hand theperformance of three New England roadsin August was below their maximum per-formance attained in 1942, while theirAugust traffic volume was also well belowtheir maximum capacity of recentmonths.

With August performance only 3.3 per-cent below the maximum, it seems clearthat any substantially heavier trafficcould be handled only by increasing bothperformance and capacity to the utmost.With capacity increases limited by man-power and new equipment shortages, itseems likely that greatest reliance mustrest on increased performance. This isbecoming increasingly difficult, however,as diminishing returns reduce the gainsmade. For instance, the extent to whichheavier loading per car v/ill permitgreater ton-mileage depends on its ef-fect on turn-around time. Heavier load-ing tends to increase loading and unload-ing time, terminal and switching time,and the number of transfers, while it hassome influence in adding to empty carmovement and idle-car-days. It mayalso lead to a decrease in average trainspeed.

The main steps in the ODT programare emphasis on continued reduction ofloading and unloading time through co-operation with the Shippers' AdvisoryBoards; further trimming of cross- andexcess-hauling; and extension of theODT plan of moving merchandise loadsdirect to destination or distant gateways,by-passing nearby transfers and utiliz-ing cars that otherwise would move inthe same direction empty.

Rail passenger traffic continues to in-crease and is in excess of 1942 volume byan amount relatively greater than inthe case of freight traffic. Some diver-sion to the railways of traffic now beingmoved by intercity buses may occur asa result of manpower and equipmentshortages.

Intercity for-hire truck traffic sinceJune has shown a sharply declining rateof increase over the correspondingperiods of 1942. Equipment shortageshave been an important factor in this

Table 3.—Performance and Intimated

Chart 4.-—Exports, Including Reexports, and General ImportsMILLIONS OF DOLLARS1400

1200

1000

800

6 0 0

400

200

EXPORTS, INCLUDING REEXPORTS

GENERAL IMPORTS

1939 E940

Source : H. S. Department of Commerce.

decline, as only about 100 of 7,500 newunits scheduled for the last half of 1943will actually be delivered by the end ofthis year. The present outlook in re-gard to additions of new equipmentduring 1944 is not promising.

Increasing use is being made of therivers and internal waterways in trans-porting petroleum and its products.Together with pipeline deliveries, whichhave risen to over 400,000 barrels a day,the use of tank barges has eased the railburden in meeting East Coast demandsfor petroleum. Great Lakes iron orecarriers are performing with a high de-gree of efficiency in order to meet thereduced goal of 86.5 million gross tonsduring the 1943 season. During July andAugust all former records were broken.

Domestic airline traffic, in respect toboth passengers and express carried, con-tinues to climb with the addition of onlya few planes. Express pound-mileagehas nearly doubled since United Statesentry into war, while revenue passenger-mileage is half again as high as in

Current Capacity of tti CJa*s I Railroads1

1941 1943

December 1941. This has been accom-plished with half the number of planes.Foreign Trade of the United Stales

Changes in the foreign trade situationover the past 9 months clearly indicatethe considerable success achieved by theUnited States in synchronizing its totalproductive effort with the requirementsof a United Nation's victory. Exports,as may be seen in chart 6, continue todominate the picture. Although theSeptember 1943 value of exports, 1.2 bil-lion dollars, is a fraction below the Julypeak, the third quarter level is 19 percentabove the preceding quarter's total, and50 percent above the figure for the first3 months of the year. The 1943 9-monthtotal of over 9 billion dollars is 65 per-cent higher than the level for the similarinterval of 1942 and about 10 percentgreater than the value of goods exportedTable 4.—Foreign Trade of the United

States, First Nine Months for SelectedYears.

3 New Knaland railroads . .10 Great Lakes railroads7 Centra l Eastern railroads .2 I 'oeahontas railroads0 Southern railroads7 Nor thwes te rn railroads7 Centra l Western railroads .G Southwestern railroads

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u !t;

\s1

ss

7

om

M l u n m i nPi'i ton '

UMles pel ! - -month, |

millions i \1

'.239 ;

11 97512, 193

1.5757 6t57! 19".

!3. 3M)5. 5s(,

•'.l.OM , "~

n i^^ior. data

Net totAu mi

_

11112,467

125

61

, , ,

115615109393915491897299

864

«t 1««1 {'

Percent of

90.197.199. 396.090.8

100.096. 494. U

96, f

Exports (including: re-exports), millions ofdollars

Index of un i t value,exports of U. S, mer-chandise, 1941 = 100

Index of exports inconstant 1941 dollars

(ieneral imports , mil-lions of dollars

Index of un i t value ofimpor ts for con-sumpt ion , 1941 = 100

Index of impor t s inconstant 1941 dollars

1943 1

9,196

* 141

196

2, 448

2 128

80

1942

5, 575

125

133

2,015

120

70

1941

3, 336

100

100

2,416

100

100

1937

2, 379

101

70

2, 427

100

102

1920

0, OSO

3 220

83

4, 358

3 254

7!

» Value to ta l for 1943 is p re l iminary a n d subject tofurther revision.

2 Based on data for first 8 months only.3 Averages for 12 months used as representative of 9-

rnonth period.Source: [7. S. Department of Commerce.

(Continued on page 20)

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SURVEY OF CURRENT BUSINESS November 1943

Revised Estimates of Sales of Retail StoresBy William C Shelton and Bernard Beckler, Current Business Analysis Unit

T H E Bureau of Foreign and Domestic*• Commerce has completed a thorough--vision of the dollar estimates and in-!e/es of sales of retail stores, January1935 to date. Methods used in preparingno old estimates were described in the

October 1941 SURVEY OF CURRENT BUSI-NESS, and the present article coversihiefiy the changes made in preparing.*evised estimates. Innovations include•hanges in methodology and an increasea o m 10 io 25 in the kinds of business for\*,hich estimates are prepared.

The need for the present revision be-\-tme apparent after collecting retail- rade data formerly not available and^pending greater time and effort in as-saying the accuracy of different sources)f data. These investigations showed*hat biases were developing in the esti-mates for a number of the groups andthat a levision of the series was greatlyloaded.

It was found, for example, that greaterircuracy could be obtained in the esti-mates of the 10 major groups formerlypublished if estimates were made of theseparate components of the groups. This\x-as particularly true in those groupswhere the components were behavingvery differently from each other, and insome cases even moving in opposite di-rections.

The household furnishings group, forexample, includes both household appli-ance dealers and furniture stores. Inthe apparel group are both men's andwomen's wear stores. The automotivegroup is comprised of motor vehicle deal-ers and automotive parts stores,

(lompuri^on, New and Old Series.The comparison shown in chart 1 be-

tween the revised seasonally adjusted in-dex for all retail stores with that previ-ously published reveals differences which,on the whole, are rather small, The twoseries are, of course, very close for themonths of 1935 and 1939 since both areadjusted to census totals. Revisions in1936 and 1937 are also minor, but thenew series is lower by about 1 to 2 percentin 1938.

In the period since 1940, the revisedseries is higher. Especially is this trueof 1941 and 1942. The revision increasestotal annual sales for each of these 2years by about IV2 billion dollars, or 3percent.

In 1943 the new series shows less in-crease from the preceding year than theold, and the amount of the revision is,therefore, less. The fact that month-to-rn onth changes in the seasonally ad-justed index are quite different in a num-ber of months is due chiefly to changes inallowances for number of business daysand to changes in the seasonal factors,especially for the automotive group.

in 1941 about half of the V/2 billiondollar upward revision is in durablegoods stores. Beginning in 1942, how-ever, the new durables series shows a

much sharper decline than the old, andduring the last half of 1942 and the firsthalf of 1943 it is actually lower than theseries previously published. The newseries for nondurable goods stores ishigher than the old in almost everymonth of the last 3 years.

For some of the major groups of stores,revisions are relatively large, The larg-est changes in the annual estimates for1942 are the 14 percent upward revisionfor the home furnishings group and the9 percent downward revision for fillingstations.

Retail Trade in 1943 at Record Level inSpite of Decline for Durable Goods.

Sales of all retail stores are estimatedon the basis of the first 9 months' salesat 62.9 billion dollars in 1943. This isthe highest total on record, 9 percentabove the revised 1942 total of 57.8 bil-lion dollars, the previous high record.The increase from 1942 is larger in dol-lars and nearly as large in percent asmost years during the decade since thebottom of the depression.

After allowing as far as possible forprice changes, the 1943 total is reducedto 47.7 billion 1935-39 dollars, only 1percent larger than in 1942.

These increases occurred notwith-standing the declines in most durablegoods groups. Sales of all durable goodsstores, which amounted to 15.6 billiondollars in 1941, were cut to 10.1 billionin 1942 and are estimated at 9.1 billionin 1943.

For the years through 1941, sales ofthese stores were closely related in alinear manner to consumer disposableincome, as may be seen in chart 3. Hadthis relationship continued sales wouldhave been in the neighborhood of 26billion dollars in 1943, or almost threetimes expected sales.

It may be true that even without re-strictions on production and sale of dur-

able goods, sales would not have reachedthis very high figure. Nevertheless,there is strong indication that at thehigh level of income expected by manypeople after the war, sales of durablegoods stores will be at an unprecedentedlevel. This is true even if no allow-ance is made for accumulated demandbrought about by war time scarcities,

In the case of nondurable goods stores,sales through 1942 were well In line withdisposable income. In 1943, even withrationing of meats and fats, cannedfoods, shoes, gasoline and fuel oil, andwith more effective price controls, salesare only slightly below the line of rela-tionship for earlier years.

General Nature of Revisions.The former estimates of retail sales

were based to a major extent on sales ofidentical stores collected by the Bureauof the Census and of identical chain firmsreporting to the Bureau of Foreign andDomestic Commerce. Samples of iden-tical stores and, to a much less extent,of identical chain firms reporting on avoluntary basis have three importantbiases when used for estimating sales ofall stores.

First, identical samples do not allow forretailers coming into and going out ofbusiness. Second, such samples have aninherent bias toward old, well-estab-lished firms which may have substan-tially different sales changes from firmswhich have been in business only a fewmonths or a few years. Third, the re-fusal rate on voluntary samples report-ing each month is very high—more than50 percent for independent retailers inmost kinds of business—and it is quitepossible that firms refusing to- reporthave different sales changes from thosereporting. In general, it is difficult tosay how important these biases are, al-though cases can be cited where they arelarge.

Chart I.—Sales of All Retail Stores, Adjusted for Seasonal VariationINDEX, 1935- 39 - 100175

150

I 9 5 _ _

iOO

1936 1937 1938 1939 1940 1941 1942 1943D, D. 43-621

- : I*. S. Department of Commerce,

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November 1943 SURVEY OF CURRENT BUSINESS

Table 1.—Sales of Retail Stores by Kinds of Business, by Years[Millions of dollars]

i " 2 o i . i , ! i « » j - l ' M i , V ) \ : H . ; ^ ' f l u : " i l . 1 1 2 ! " I i

M l MM . i i - t . n t s

I > u r i b l i m > i . d - ^ini

P it ' s H i d H v V ^ i . J I t *>

H i n h i ' m m a t t / l a h a n ! h r d v

I< ) ' P I l m p l e n M i ' l -

i l . n d w l i e

I P I , ' o i u i c r i d ii«>u-~.<* J t H i . v

l l o i i ' - i l i ' i ! , i i j . p h n n>~> a n d i

. ' I ' w e i i v

\ , r d i " il>.< - n o d - t > u -

\ p p l»i 1 » H i ! 'V < ' i s J . . ' l i ! i , ^ S P d M j . p ' d l

U . » i i. o s a n p ) i \ a i - i a m -

1 I ' I P ] v I ' l t l o ' l l C t l ] ) p IK 1

I M i l \ l . , K

L a ' i n e i n 1 d n n k n m \ 1 i< t •«

N J"1* 2 1 , ; > ' 7 , . 2 , 7 0 2 3 \ .3 >S 1 2 . 1 " 0 . { * . 0 " \ 1 2 . 0 1 2 t o . KM ; . * . • 37 7 7 M « , 2 . '

M M \ ~>[\ \ i , 2 i > *». ^ M 1 1 » « " . v ,

i. H i 2 ! ! 12 i M . i .", S 0 2 *,, . ••> .

, -si*. I J12 1 , ^ ) 1 2, <'iJ 2 . N H . M K 2 7 3". 3 1

2 t 2 . N " l 1. 10" , 1, if.', 3 7 3 ' 1 " .1 ! 7 0 ! .> ,

12 41* r •. ,I, M,2 '> 11 1

2 1:

I • . J - \ u .

" O M M i 1 i 7 . < o ' " I "• •> t . 2 ' < It.1'2 . 7 ' '».'» 1 /in '.I,r, 3 s j t , 1 j ' . i ) 1 , 7 , j . j_» j |j J •<•> '? ' H I1 M . I|I, s-,_» 1 psj J j",i 1 . ] i 1 20 1 >'2 1 . ^1 - i " ' - j.'ii'o

•l_ ' i t..N " >> " « r» ' 1 tod M' I' - 'n.i»" , ' I . " fcr 207 t

J17 J I I o'.2 Pt i --7 7 » ! , " ! . •

.W 27'« 1 ' ' . 7 , 2 ) I1 '" 2s IT . i l ' 7" 2(> 1 .2 »! , •" - • > 1)V^ i«. * i2 i~ 7i * 1 "1 2 1 ! i 'Ml 2 i> ' > ] 0 _ y, MS 2 ,00s < 2"> 1 -5 i l l 1. ! ' ~ " I ' i t. \ <

1, r>N , . 1 2 7 2 7 * • " ^ 7 ^ .{ N ' , I V s s i o o » , 1 _ ),, 1 \

j l*'i ',~.t I 0 2 " i,2» I i> . 2 1 ' 1, >_> I il . , »)''» 2 1 7 - 2 ^7 .V,0 20l« ,]S2 ;"•- i M II I 4 7 ' ' ' U t, r , ' , 1 '•_•*M<7 4-3 011 M . < i 5 » . . " " 1 C 1 7 < - 1 , < > t . • < < « , ] i i _ " .

1 ( > ' • ( , 1 (|.,i, 1 j j j 1 \\) 1 ] ",., 1 i 1 I, -(,-; 5 r I ^7-. j j ^ i 2 7<II.2 12 ' I. TO 2,.>>1 2.742 .*, 2M i l ^ l 3,.'2o >^"» 1 7 " , t . 1 7 , N I - . '

I'1 007 »,, 77t s ,{h2 9 ,013 0 711-s lf o ^ ' !(/, I**." In 00r 12 7»> 1,">, 7"> 17 (I'M7 .>i$ o , 0 0 1 n, <*O (1, N , 0 7 2<0 7 I s 7 7 722 s . }>\7 V - .el 12 i l l I , , I M I M

' . .O i l 1 ,772 2 till" J , 111 > 2 , 1 1 2 2. )2> J . M > .' . > ' 2, '72 „, • 1 i 5- - i l M »

0 0 1 " 1 <is2 "> 7^0 0 >',», t, (,7-i i) 11", 4. 4 7 . », M 7 7! l> U !• Ml > « 'MM1, •»"(' 2 , ^ .i i l l 3 700 ,*, 0 > ? , M 0 . 2 \H7O i l2'flf o , 0 2 7 t - . . V j " ••, l i ! i l

O i i . i i J ' m d c u p i l u i . l . r / i iOJlUM fdOd

] iIUMS - t a ' i o M ,

1 >i'p u ! >iionrv (uc lud . im m a i l o*«i* 1t j t n o i a l . lncliiduiJ/ ,?( noial i n e i c h a n d i

\Mllil.M)d 2"D 1,17b J.110 1,112 1. J .(« o*^ -»jj Old f'\n l# 1 .N 1,2V)O t i n j JMMKM il n i t i c h a n d i M ' a n d d i j c o o d s l .-j"il "00 ,',2S " ^ »>i9 tV)N (^('1 'hn ~k- \)U \ 10 s\ ' a i i ' t \ 9i ' l *',* 7bl s70 02"i '*! 7 ij77 1,1'T 1 ,17. 1, S l^ >.i\\

()ih»'i M'lail >foict» . 1 4"il l , 0 ' 7 2, s21 3 7)2". o, *»21 3 t o ,1 ^'-i1 1. i'21 " 211 f« 272 : j'«»I " t d n i ' i M M . i - u p p h i , l r ) 1<»; ,7V) ~ ' C o i . o (,".O 77U >vs~ l , ! r » 1 . 4 7 . L \ o ~ o

I U< I i»id 1C0 . I . O H «,2.i ^')9 1 , ( 'M I,Ot.u 0 J 7 l i . l t 1,1 l.i I 2-.M 1 ^ u I . - J OL i ' j i i o r 1 7 >2S }7"> ,"»"s ."-!M **f t>* i *%! 1 I , M n I I ' M

Book M O H ^ , new > dcal< j - % , s t a t i o n u v ^</i« > ?oo TO 174 17l* is» Ivl 20o 22> 271 2.d }( ' ^ a i - t n r o 110 100 1S3 '20" "21", 202 'J 1* IX1 A\ 2'K ]I ' l o i ' • > ( > > 1 7 0 . ,•) 0<> 122 1 T. 1 >N M0 l r . i lwj 2 2 ( M 2 , -S0>(>!'!((> i . [ h U ' i n i O i t a n d s t l p p h o b i 2 1 112 111 J -si 211 1S2 2 ^ 2 " " '.In ' 2 0O ' l h ' j . J (i 2 *27 I.i J ,T)J 0 ' " H I S 710 7^2 Oi.'i I , l i V j j

l ' ?«M s . Ati \',,r 'jQ U o;>2 2^ 2f>2.'{i * i» .3 ' iS74 t lu "27 5 7 , 7 1 ! ^2 .117 )'> i T ' 1 H'7 J7,0->7 17,0";0

1 Estimatod on the basis of sales for the 'nearest million; for the subgroups, to the n

^i ' ! n i o n t i - s

m o t 2"> n i . l ! n n

All this is not intended as a criticismof present sampling methods in retailtrade. On the contrary, it may be moreimportant for the retailer to know whathas happened to the sales of a fairly con-stant sample of stores in his line of busi-ness than to know what has happened tototal sales of all stores in the same lineof business.

For estimating sales of all stores ineach kind of business, however, the biasesof the independent stores sample areserious. Especially is this true in thecurrent period. This sample had adownward bias from 1935 to 1939 in al-most every kind of business partly be-cause the total number of retail storesdoing business increased 11'2 percentduring these 4 years.

At the present time, the total numberof stores is declining rather than in-creasing, at an even more rapid rate.There is other evidence also that whereasthe Independent stores sample had adownward bias in the pre-war period, itnow has an upward bias.

In view of the shortcomings of iden-tical samples for estimating total sales,an important change in the methodol-ogy has been introduced in the revisedestimates. This consists of using re-ports of sales tax collections in 11 Statesin addition to data formerly used forestimating retail sales. The states areOhio, Michigan, Illinois, Iowa, Missouri,West Virginia, Mississippi, Oklahoma,Colorado, Washington, and California.These States had 35 percent of retail

i -n i h o r n 1 j . - i

sales in the United States, according tothe Census of Retail Trade for 1939.Where possible, taxable sales were usedinstead of tax collections.

Sales tax data, while subject to severallimitations, are an important addition toretail trade information. Like the gaso-line gallonage taxed, the new passengercar sales, and the used car financing se-ries used in the old estimates of sales ofall retail stores, they automatically al-low for retailers coming into and goingout of business. They reflect changes intotal sales rather than changes in salesof identical retail stores or identicalchain firms,

This is not to imply that sales taxcollections do not have their own short-comings. Perhaps the most importantof these is the possibility of geographicalbias. The 11 States listed above do notinclude any States east of Ohio andWest Virginia,

Comparisons of income payments inthese 11 States with income paymentsin the United States were made forthe years 1929 through 1942 and ofretail sales as reported by the Censusof Retail Trade for the years 1929,1933, 1935, and 1939. These compar-isons are shown in table 2. The onlyimportant difference in movement seemsto be a slightly greater cyclical move-ment for the 11 States. The bias whichwould result from this fact is largelyremoved by adjusting estimates to Cen-sus levels and carrying forward, the an-nual rate of adjustment.1

Table 2.—Salo.s of Retail Stores and In-eo lie Payments in 11 States for v>biehSales Tax Collections W'ere 1 ed, andIn I ho I nilod Stalos

\ l P w i n , ' C ' i i l - ' ( h IM •( f r o m ' ^i , >• ,1 d o ! : i i - • ; i-ai s l u r s o i m - | ,'

l i t , %;1 i h v - , - U ' i C i ' S 1 i !

IT i m ' i-v, r , » « \ , <

* 2 M ' 2\ "M7 I.1 11 10 I i! ".11 ' OS I )2 T'M - r> .i 1 i i 7 j i5 si I " « M 12,012 .i() 7 1 2S 2 1

I.if i" • piIPlMli-

I t M " 10 27 i : — 47 0 , - 1 4 010, tj7I ."v 10i I 4 JO (> I 4 it, 4'22, s i " 07 0"«7 -j- 17 0 , -4-10 2

1010i<« n1912

21 0702 ', 1 *2>A 070

72,27- \ - r s I<••) 117 I - i ( ) 1 I70 ,001 ' I <> ') ,

, 70 220 I ^ I ,

0 1i l H ,

1- s ")M) S

(1

in | 21 0 ^-20 »*.

'-it tM 0

.3,5 1:n 0

Hi I;3i '3,'31 7

P t S N i i 0 ' , m * - < < i M u n M i t o o t h u \ < \ u ^ n o n o tj u n i l i h l e ' o r l'J3"> i h n » m d i 10,3^ Viv i r e s - h o w n art1 i t o mf u H 1 ' J 1 2 ^ M ^ K ' f'i C ' i ' H ! < \ T 13' » i \ i ^s a n d H».ili «'sti-m i t c - > h m \ n J ' . i i * diniM l i o m H ^ I M H I n - u r e s lo r l'« *0 b ykiv--> t c i n " 2 ]>t r u i't

N I I I K I f S l)v}> i r ' i n i ' i i i oi ( ' o ' l i i i H T c P , I t i ' i o a u of t in 1

( t ' t i v h Ku H { .il tia<U a n d H i m i»i of Vov L n a n d D o -m c - t i c ( o i n n i e r t o for i n c i m t T » a \ n i ( i n - ? .

Sales tax reports are received frommost States 2 to 4 months after the closeof the period in which sales were made.Tax returns are sometimes filed as muchas a month late and some collections areobtained only after audit or court deci-sions. Hence collections in any onemonth are frequently not a good indi-cator of sales during that month.

For these reasons, tax data were usedonly quarterly, and monthly interpola-tion (and, for the most recent 1 to 3months, extrapolation) was based onsamples of independent and chain stores.Other weaknesses of sales tax materialin estimating sales of retail stores are asfollows:

(1> Classification of stores by kind ofbusiness differs somewhat from State toState and in no case corresponds exactlyto Census classification. There is astrong tendency to accept each retailer'sown classification of his business.

(2) Sales not for resale made by per-sons other than retailers are taxed tosome extent in all States and in somecases are not segregated completely fromsales of retailers.

1 Not all of these States were available forall-kind-of-business groups for which salestax reports were used. Ohio and California,for example, exempt from taxation food soldfor off-premises consumption and thereforecannot be used for estimating food storesales. Comparison of these two States withthe other nine States, as regards sales taxcollections for other kind-of-business groupsshows that retail sales in Ohio have risenless and those in California more than inthe other nine States in the period since 1939.Since these differences in movement largelyoffset each other, omission of these twoStates results in little bias for this period.

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8 SURVEY OF CURRENT BUSINESS November 1943

*3) Exemptions from taxation arefairly numerous in some States, andseveral commodities, including gasoline,liquor, feed, and farm machinery areexempted in most States.

(4) In Illinois, and to some extent inother States, collections, i. e., cash re-ceipts, are taxed instead of sales. Thistends to reduce the amplitude of cyclicalfluctuations in the reported data forthose kinds of business where instalmentsales are important.

It is believed that in the estimatespresented in this article, the weaknessesof sales tax collections as an index ofsales of retail stores have been mini-mized. As regards point (1) the greatestconfusion arises in the case of generalmerchandise, dry goods, and generalstores. In view of this and the fact thatthere are available samples of depart-ment and variety stores representingmore than 75 percent of the sales ofthese two classifications, sales tax datawere not used for the general merchan-dise group.

Table 3.—Percentage Difference BetweenSales as Reported in* 1939 Census andEstimated Sales for 1 9 3 9 ^ E l dfrom 1935 Census

Chart 2.—Sales of Durable and Nondurable Goods Stores, Adjusted forSeasonal Variation

INDEX, 1 9 3 5 - 3 9 = 100

Kind of business

A ut omotivc group . - - -Motor vehiclesParts and accessories .

Building materials and hardwaregroup

Building materialsFarm implementsHardware

Home furnishings group. . . .Furniture and nouscfurnishings.Household appliance and radio

Tewelry stores -A pparel group

Men's clothing and furnishings .Women's apparel and accessories.Family and other clothing _..Shoes-*-.-

1 )rug storesFating and drinking places.Food group . . . .

Grocery and combinationOther food

Filling stationsGeneral merchandise group

Department, including mail order..General (incl. gen. mdse.) with

food . : . . .Other general mdse. and dry goodsVariet v

Other ret ail stores . _Feed and farm supplyFuel and ice. .LiquorOther

Perc 'Ml nee dif-fere nee '

Revisedseri<

6.7.1.

1.4.207_

— 1.— ] .

-- 4.4

— 5.— 4.

2.- 5 .—.

- 3 *12._3.

- 1 6 .— 2.

7.7.

—3.

14.14.

q

620

9

9

1

233o

0(5383293613

710fi4938

Seriesshown"in Oc-tober1941

S P R V E V

6. 9

15.0

16.4

15.fi7. 5

" " 11.033. S12.3

h'h- 3 3

19. 7

! Pifl'eronees are shown as percents of the 1939 estimatesextrapolated from the 1935 Census.

Point (2) affects chiefly household ap-pliance and building materials dealers,where sales to and by building contrac-tors represent a difficult problem. In theformer case, the independent stores sam-ple from the Bureau of the Census wasused for the period 1935 through 1938when new construction had a muchsharper upward movement than did re-tail sales of appliances.

The sales tax series was used begin-ning* in 1939 because new construction

S75

150

100

75

5 0

, [

T/VV

M

DUR

1

V

j 1 I 1 ! ! 1 i 1 i 1 ! 1 I I 1 I 1 1 11 1 1 I ! | 1 1 1 1 1 1 1 1 !

ABLE GO

J

1i M 1111111 i

ODS - ^

i/

-)NDURAB

i 1 1 M 1 ! 1 1 1 1

$$

HJ

K\

. f GOODS \

! 1 1 i 1 1 i | | j |

J

, ,m n l , - ,

1935 S936 1937 1938Source : V, S. Department of Commerce.

1939 1940 1941 1942 1943 1944

and retail appliance sales have movedmuch more nearly together and becauseduring 1942 and 1943 there has been adecline in the number of both applianceand radio retailers. In the case of build-ing materials dealers, the sales tax series,while not entirely satisfactory, was usedfor the entire period as being more ac-curate than any other information avail-able.

Because of point (3) sales tax datawere not used for estimating sales offilling stations, liquor stores, feed andfarm supply stores, or farm implementdealers. Partly because of point (4)sales tax reports were not used for motorvehicle dealers.

With their weaknesses minimized inthis way, sales tax collections reflect withsurprising accuracy changes in sales ofretail stores. Table 3 shows the percent-age differences between 1939 Censustotals and 1939 estimates before adjust-ment to Census for both the old seriesand the revised series. The closer agree-ment with Census of the new estimatesis due chiefly, but not entirely, to theintroduction of these sales tax series. Italso reflects in part differences in pro-cedure.

In the first place, revised estimateswere prepared for more kinds of busi-ness, which should result in more ac-curate estimates for major groups. Sec-ondly, while the choice among availableseries was based principally upon logicalgrounds, there is undoubtedly a tendencyto choose a series which checks well withthe percentage change shown by Censusthan one which checks poorly.

Since more series were available tochoose from in the revised series, someimprovement in comparison with Censuswas to be expected. Nevertheless, thecloseness of agreement with Census in

the revised series, especially for majorgroups, is impressive.

Sources and MethodologyThe remainder of this article is de-

voted to a somewhat more detailed de-scription of sources and methods used inthe estimates of sales and indexes of salesof retail stores.Sources.

Table 4 shows the series used for esti-mating sales in each kind of business.Series based on sales tax data have a totalweight of 61 percent in the combined in-dex, including the part of "other retailstores" which moves like sales tax series.

The sales tax material used for thepresent estimates was obtained from 11States. Of the 11 States used, sales taxreports are received weekly from Ohio,bimonthly from Washington, quarterlyfrom West Virginia, Iowa, and California,and monthly from the remaining 6States. In most cases, published reportswere used. But for West Virginia, Mis-sissippi, and Colorado, special tabulationswere kindly furnished by State officials.

Reports for all of the States exceptMissouri show classifications of tax col-lections, and in some cases taxable salesalso, for 20 or more kinds of retail busi-ness. In Missouri only 7 retail classifi-cations are shown monthly although 38are available annually.

Data other than sales tax reports werealso included for the first time in therevised retail sales estimates. They in-clude sales of chain firms and of inde-pendent stores in several kinds of busi-ness, not formerly available, retail salesof State-operated liquor stores, retailtruck sales, highway use of gasoline, andfarmers' expenditures for farm machin-ery and for feed and certain farm sup-plies.

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November 1943 SURVEY OF CURRENT BUSINESS

The sample of State-operated liquorstores includes 15 States and representspractically complete coverage of State,county, and municipal retail liquorstores in the United States. The truckseries is, on the whole, nearly as ade-quate for estimating retail dollar salesas the passenger car series already used.The Public Roads Administration esti-mates of highway use of gasoline weresubstituted for the American PetroleumInstitute series on gallonage taxed. Thiswas done because the Public Roads fig-ures are believed to eliminate more com-pletely refunds for nonhighway use, in-cluding war use.IvNtiiiiute!* of Monthly Dollar Sales,

Where different monthly and quar-terly series were used for estimatingsales, as in the case of filling stations,quarterly estimates were first obtainedand adjusted to 1935 and 1939 censuslevels yielding dollar sales.

The following procedure was used formonthly interpolation: (1) the month-to-month percentage changes were con-verted to an index with January 1935=100; (2) this index was totaled by quar-ters and the ratios of the quarterly sales,adjusted to census, to these totals werecomputed; (3) this ratio was used forthe mid-month of the quarter, andlinear interpolation between quarterlyratios provided ratios for interveningmonths; (4) the product of each ratioand its corresponding monthly indexresulted in a set of preliminary monthlyestimates of dollar sales; (5) a smallarbitrary adjustment was made so thatthe months would add exactly to thepreviously determined quarterly totals.

In some cases, grocery and combina-tion, for example, both chain and inde-pendent store samples were available formonthly interpolation of quarterly es-timates based on sales tax reports. Inorder to break down these quarterly es-timates by types of operation, chainstore sales were deducted from the totalafter both series were adjusted to the1935 and 1939 censuses to secure thesales of independent stores. The processoutlined above for filling stations wasused for monthly interpolation for inde-pendent stores. Finally, monthly esti-mates of independent and chain storesales were added.

The sample of chains is composed ofidentical firms and though it does not ac-count for births and deaths of organi-zations, it does take into considerationchanges in the number of stores with-in each chain firm. This sample thuslacks some of the bias inherent in theindependent store sample and for thisreason the independent store sales es-timates were obtained as residuals asexplained above.

In the case of apparel stores,2 salestax reports in most States do not classifythem by types. In order to computeseparate series for the fours kinds ofbusiness in this group, the chain storesales estimates for the apparel groupwere deducted from the estimates for allapparel store sales by quarters after ad-justment to census. This residual wasused to represent independent apparelstores sales.

r,r>47n:>>--4:-: —-_»

Tablt^i.—Series I soil in Estimating Sales, 1>> Kinds of Business

Kind of bu

Automot ive m< v\>Motor v< hi< !> s

11 totalmd< \ »

"H Hi K M (1 fol 1 II ) t i l 4i,U it U 1) - t l e - st minting mon th ly sales

Par t s and accessories... J

Bui lding materials andhardware group.

Building materials

F a r m implements

0. 'A

3.9

\

I

I

11

l ' V »

n i

< '< I

, s

UiV, \l<

II

.1

".,

I 1 - i

[) . x

( 1'

' - l l -

' i l l *} '

1 [

s

f

1

!

J

_ril

I '

\ x

w

'( \

) 'III

I'l

Jj '

K -

M i l

l ) . » U i .

» > . I

" 1 I ' 1

' I n k ">

. 1 U 0

1

, Bii i- t u (

< a i ("

)V t )i

....d

i\ >

; 1.1 b

( s,

111

1 1 1 -

11-

IndepBui

In-iei,deal

Chainsail-Cos.

*n lentIII Of t

•n-r

;

i l l

lentMtileb

C('(\<;'>

Bune i <•{>

motor!H ('ensus

aeee>s-Bure

ory, tall of

< > r >i nre,F(

eliiele

-, tiieof the

and>reiun

deal

, an

:r >

1 bCensu--battcand

rvDo

a l e s -

( i . - l leines t it

Hardware..

Sales tax tepoits -I1") States

Chain faun implement dealersales—Bureau of Foreign andDomestic Commerce.

Farmers' purchases of farm ma-c h i ne r \ , including tractorsBureau of Agricultural Econom-ics.5 6

Sales tax reports 0 States,.

Home furnishings group..Furniture and house-

furnishings.

Household appliancesand radios.

Jewelry stores

A pparel groupMen's clothing and fur-

nishings.

Women's apparel andaccessories.

Family and other cloth-ing. "

Shoes,

I 4.1j 2.8

1.3

7.92.1

1.2

1.5

Sales tax reports -11 States.Sales tax* reports ^ Slates

Sales tax reports- 9 States...

Sales tax reports—10 States

Sales tax reports- 11 States .

Independent lumber and building materials,heatmir and plumbing equipment dealerale:-, Bureau of the Census.

Chain lumber and building materials dealer>ales Buieau of Foreign and DomesticCommerce,4

Chain farm implement dealer sale* -Bureauof Foreimi and Domestic Commerce.4 5

Independent hardware Moie sales Bureau ofthe CeiiMis.

Chain hardwaie store sales Bureau ofFoie'unand Domestic Commerce.4

Drug stores

Eating and drinkingplaces.

3. 7 j Sales tax reports—10 States..

.do.

Food group.Grocery and combina-

tion.

. | 24. 2 jI 18.3 !

Independent lurniture store sales Bureau ofthe Census.

Chain furniture store sales - Board of Gov-ernors of the Federal Reserve System.4

Independent household appliance, radio andmusical instrument store sales -Bureau ofthe Census.

Independent jewelry store sales—Bureau ofthe Census.

Independent men's clothing and furnishingsstore sales -Bureau of the Census.

Chain men's wear store sales—Bureau ofForeign and Domestic Commerce.

Independent women's ready-to-wear storesales—Bureau of the Census.

Chain women's wear store sales—Bureau ofForeign and Domestic Commerce.

Independent family clothing store sales—Bureau of the Census.

Weighted combination of sales of chainmen's, women's, and shoe stores—Bureauof Foreign and Domestic Commerce.

Independent shoe store sales—Bureau of the> Census.

Chain shoe store sales—Bureau of Foreignand Domestic Commerce.

Independent drug store sales—Bureau of theCensus.

Chain drug store sales—Bureau of Foreignand Domestic Commerce.

Independent eating and drinking placesales—Bureau of the Census.

Chain restaurant sales—Bureau of Foreignand Domestic Commerce.

Other food......

Filling stations..-

Sales tax reports—8 States I

.do.

General merchandisegroup.

Department, includingmail order.

General, including gen-eral merchandise,with food.

Other general merchan-dise and dry goods.

Variety.

6.5 I Gasoline sales series obtained byI multiplying:j (1) Net gallons of motor fuelI taxed—Public Roads Ad-\ ministration.j (2) Price of gasoline in 50 cit-

ies—American PetroleumNews.

1G.3

9. 7

2.8

1.5

2.3 !

Same as monthly series

.do.

_do_

Independent grocery and combination storesales—Bureau of the Census.

Chain grocery and combination store sales —Bureau of* Foreign and Domestic Com-merce.

Independent other food stores sales—Bureauof the Census.4

Independent filling station sales—Bureau ofthe Census.

..do.

Department store sales—Board of Governorsof the Federal Reserve System.

Mail order catalog sales—Bureau of Foreignl and Domestic Commerce.! Independent general store with food sales—[ Bureau of Foreign and Domestic Com-j merce.j Independent dry goods and general merchan-I dise store sales—Bureau of the Census.4

Chain dry goods and general merchandiseI store sales—Bureau of Foreign and Domes-I tic Commerce.I Chain variety store sales—Bureau of ForeignI and Domestic Commerce.

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10 SURVEY OF CURRENT BUSINESS November 1943

Table 4.—Series Used in Estimating Sales, by Kinds of Business—Continued

Kind of business r i e s u s e d f o r monthly sales

Other retail storesFeed and farm supply

Fuel and ice.

Liquor....

9.11.9 ! Farmers' expenditures for feed,

; fertilizers and lime, seed, ands insecticides—Bureau of Agri-' cultural Economics.6

2.5 '. Sales tax reports—10 States.

J. 3 Same as monthly series....

Other storesBook stores, news-

dealers, and station- :

ery stores.Cigar stores_._ ..FloristsOffice supplies and

equipment.Other .

Independent farm and garden supply stores—Bureau of the Census.4

Independent fuel and ice dealer sales -Bureau of the Census.4

State liquor store sales—Bureau of Foreignand Domestic Commerce.4

Independent liquor store sales—Bureau ofthe Census.4

Sales tax reports—9 States 6..

, 5 ] Sales tax reports—10 States 8.,_. ., 4 I Sales tax reports—7 States <L_. 5 I Sales tax reports—10 States 6.... ...

i. 5 Same as monthly series s

Total of sales of drug stores, home furnish-ings group, hardware stores, automotiveparts and accessories stores, jewelry stores,and one-fourth of the general merchandisegroup.

1 Percent of sales of all retail stores in the 5 years, 1935 through 1939.2 Beginning February 1942, unit sales estimated from ration certificates issued by Office of Price Administration and

War Production Board.3 Because of the increase in the proportion of cash sales, this series was increased by 5 percent in the last quarter « f

1941 and the first quarter of 1942, and by 10 percent thereafter.4 Series not used for part or all of the period 1935-38.5 This series is something of a hybrid. The sample census giving sales by quarters for 1937 and the first of 1938 was

also used. Beginning October 1942, sales are estimated by months and years from the independent farm implementdealers' sales series of the Bureau of the Census with a downward adjustment of 1 percent per month,

6 Annual estimates only.

("hart 3.—-Relationship Between Sales of Retail Stores and DisposableIncome of Individuals

40 60 80 100 120 140DISPOSABLE INCOME OF INDIVIDUALS (BILLIONS OF DOLLARS)

jSource : U. S. Department of Commerce.P. D. 43-596

Preliminary sales estimates for inde-pendent stores in the four kinds of busi-ness were computed, based on both year-to-year and month-to-month changes inthe independent store samples and ad-justed to census totals in 1935 and 1939.These were adjusted proportionally tothe quarterly estimates for independentstores just described. Finally, monthlyestimates of independent and chainstore sales were added for each of thefour kinds of business.

Annual estimates of sales of feed andfarm supply stores were based on theclose correlation found to exist betweenthe sales of these stores and farm oper-ators' expenses for feed, seed, fertilizer,and lime, and insecticides for the censusyears 1929,1933,1935, and 1939. A linearregression equation was computed to es-timate the sales of feed and farm supplystores for the noncensus years.

As a rule the adjustment to censuslevels in 1935 and 1939 referred to abovewas carried out in the following way:(1) the quarterly or monthly sales serieswas first raised to the 1935 census levelby multiplying sales for each period bythe ratio of the 1935 census total to thetotal of the series for 1935; (2) the per-centage difference between the 1939 cen-sus total and the 1939 estimate based onextrapolation from the 1935 census (seetable 3) was distributed on a linear basis.

In deciding on whether to hold the ad-justment factors constant at the 1939level, i. e., assume that the bias in theestimating series stopped in 1939, or toextrapolate them at the same rate as inthe 1935-39 period, an attempt was madeto find out what caused the difference in.1939. Data on number of stores wereuseful in this connection.

In a few cases, such as filling stations,for example, it was decided that themajor cause of the difference was achange in census definition between 1935and 1939, and the adjustment factor wasnot allowed to increase much above the1939 rate. In other cases, including gen-eral stores with food, it appeared thatstores were actually declining in number,and the downward trend in the adjust-ment factor was continued.

In many instances where these factorswere close to 100, it was not possible toascribe them to any one cause. In mostof these, if the adjustment was down-ward, the declining trend was continuedat the same rate through 1943. Whensmall upward corrections occurred, how-ever, the adjustments were generally heldat the 1939 rate. This procedure wasused because it was felt that sales-taxcollections may have a slight upwardbias due to more complete enforcementas the taxes remain longer on the statutebooks.Number of Business Days.

Retail sales in a given month are some-what dependent not only upon the num-ber of business days but also upon the

2 The estimates for furniture and housefurnishings and for household appliances,and radios were adjusted to those for thehome furnishings group by a somewhat sim-ilar procedure.

3 Men's clothing and furnishings, women'sapparel and accessories, family and otherclothing, and shoe stores.

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November 1943 SURVEY OF CURRENT BUSINESS

Table 5.—Sales of Retail Stores by Kinds of Business- 1935-13 !

[Millions of dollars!

D u r a b l e g<>

Year and month! All !

retailstores

A u t o m o t i v e g r o u p H u i l d m g i ] > n t ™ i > a n d hanlwf.r . - n i i n u . r I l l l l l N » , i n p

I i ' • . ! I1 u r n i -

ppan-1 LTOU

i Motor i ^ , | Build- FarmTotal | vehicle! &™. I Toial ing ma- iraple-

I = |S!

House-

»"*• I Total ! - ' ' »,..,,„ i oiai i ipiiance>ware nouK- ,l , ,

i furnish- andTotal

'rr-i^-

Mon's W . ' m i '

andand1g

furnish-ings

First quarter. I 7,Second quarter , | 8,Third quarter..._. j 8,Fourth quarter. .-- . .- j 9,

Monthly average j 2,1936: I

First quarter . .Second quarterThird quarter. . . - _. ,Fourth quarter._._ j 10,

Month ly average j 3,1937:

First quarter ___. 9,Second quarter. | 11,Third quarter ... | 10,Fourth quarter. - - j 11

Monthly average I 3,1938: |

First quarter j 8,Second q u a r t e r . . . . . . I 9,Third quarter. . \ 9,Fourth quarter-- | 10,

016468145102

733

933992595818

J 95

232 |161 I700 !056 j

512 I

372 !518 i336 j827 I

Monthly average .1939:

JanuaryFebruary .M arc h _ _April -May . . ._ . ._ . .June . . - - .JulyAugustSeptember-.October..November. _ _.. j 3,December . - . . I 4,

3,171

Monthly average1940:

January, _________.., . . . . .February. _____..-.March_ _ _ _ _ ____._.April ._______-. --_--_-_-May...., _________ ..J une . , . -July . . -August - - . - . -September . - - - . . - . - - . - - -October. — . . . . - . . .November _.December . _.. . .

Monthly average1941:

January .February . .March .__._. -A pril. _ „ _ _ , . . . .May.._-__.______---_. —June . . . „ .,July . . . . . . . . .August... .September .OctoberNo vein ber . _.December . . . . . . . .

3,503

Monthly average. . . . 4,6361942:

January ._.__ ..... 4,355February 3, 891March. 4,544Apr i l . . . 4,726May...__ . 4,774J u n e . . . . . . . . . . . 4,650July ...._______ 4,563August _ 4,782September j 4,966October . . . _ _ . 5,430November . . 4,966December . . . . 6,138

4, 815

3,1983,1083,7513,7594,0083, 9803, 7414,1983, 7383, 8844,1314, 905

3,867

3, 7043, 5904,2834, 6034, 9304, 7574, 7064,9504,7224,8714, 7155 " "

4,4524,459

Monthly average1943:

January. _„February .March ._._ I 5,002Apr i l . . . . . ! 5,212May __ — .__. 5,184June . . . . . . 5,319Ju ly . . . . - 5,139August..--... ._._.! 5,087September- _ _ _ _ . ..J 5, 352

1 Detail will not necessarily add to total because of rounding.

1, 4982,1721, 9342, 021

635

1,8662,8879 5112, 599

822

2, 3653, 3152.8852, 506

923

1,8272, 2962,0682,401

710

639611851885983956868853822939926

1,047

865

765765986

1,0881,1521,1561, 061999919

1,1771,1181, 232

1,035

1,0271,0411, 2991,4661, 6041, 5451, 4601,3621,1441,2341,1401,314

.1, 303

836739869925905861806811817864749889

839

583582718792805810779777773

8751, 2521,0641, 046

353

1,1051,7201,4031, 330

463

1,4041, 8901, 5771, 196

506

9741,1791,0101, 203

364

362347501490534531483430378461502624462

454447597622634669591507432633648628

572

622633820892980926835671467574563560

712

331243259248247252245233212208184180237

167158

j 2141 230! 231! 231| 230

226220

8021,151963946322

1,0221,5971, 2781, 205

425

1,3041,7521,4391,073

404

8891, 062888

1,070

326

328315463454488477435384331419458472419

417413556576584613538452388585595568

524

580592772832914853762597399506501485

650

269192205196192196189178158150130117181

119112163174170166164160153

72100101100

31

83123

125

38

100138138123

42

86117122133

38

343238414754484648424352

44

383441465056535544485260

48

424148606572737468686376

63

625154525556565555585363

56

484651566165676667

33:.."•(It!DOS,"1J

l.V,

417650

67s

19!.

521hUi77171S

23 1

47360364605 1

203

148134202230263249234250264291250222

228

166160216273299282286281295329269253

259

223211258318331350366371387400320327

322

276262327380366342321309328349280259317

202199250282283295285287291

191290MC

91'

211375JO.'!412

VS2

31U1714 5473

145

29039s412130

128

9984123137164159147170173191175138

147

10998127161188177183191196223188158

167

147129152188206219234244247259218193

203

171151190223232214206200206215176142194

122116143161161171168177180

58918162

24

70110987529

911361147935

751099306

29

161933403431or

2734391919

29

172439494038413038402021

33

263245544451524454552738

44

36455460454337324047272841

242836403939383234

80128122131

39

103165147161

4S

120194371166

5-1

108156141158

47

34324653655852525760566552

40385062716661606066617459

505061758180818486867596

75

69668497898578778288778982

56557181828580

I 77i 77

24d357316370

107

298454398465135

378545460463

154

324389354424124

107no128138158148129148153162146208

144

120135147168186173157180163183168241

168

152168189221249223218273229223210288

220

190196241253242213192213220239210269223

163170196216218209195

1 194190

233202219

71

196303260324

90

257370307320

104

21626623929284

727687051119887105107114104143

100

8192101116131116105125113126120165

116

104114128151173150145187154158149200151

128131

- 166182184160142162163182160204164

121128152169176167156157154

78125111122

37

103151139141

44

122175153142

49

107124114132

40

353441424749414246484265

44

39434652555752555057487652

48546270767373857566618869

62657672585350515757506560

434243464241393736

142544693

20

466362126

25

627977129

29

566458120

25

212021222829222527262893

30

2423262632332731293234110

36

3030313644464047603747138

49

4039414450544855.58687518163

515458647375697174

5,5186, 2966,211 i7,141

2, 097

6,0687, 1057, 084H, 2.19

2, 373

6, 8677,8477,8158, 550

2, 590

6, 5457, 2227, 2688, 426

2, 455

2, 2212,1382, 5282, 5862,6512, 6182,4812, 5702,8252,8092.7443; 493

2, 639

2,4342, 3432, 7642, 6702,8572. 8242, 6803,1992,8182,7073,0133, 674

2,832

2,6772, 5502,9853,1363,3263, 2123, 2463, 5883, 5793,6363, 5754,493

3, 334

3, 5193,1523,6753,8013,8703, 7903, 7573,9714,1494, 5664,2160, 249

3,976

3,8693,8774,2844, 4214, 3804,509

4,3604, 3104,579

500692606858

221

584805679

1,034

259

703865746

1,010

277

603756659980250

203184268288275262194220294315302453272

218196300261292283208254298326334473

287

248220301374357311260341395392390570

346

365293453424384375314374465537486722433

414496

: 472; 5721 479

540391422.544

131190157 '249 ;

61 •

154224174303

71

18223018328373

14819015926864

5746587169715050708382133

70

6248706272785457688292141

70567295948767779110811017091

1107812910189977478100123119200108

98111109130115136

! 90

85116

1".'2 Wi32

M

24.,29"

3<JG

100

29433 I304396

110

264292269380

101

sa8011911410807740712813112417f>

110

908712711211510281112131139135184118

10194132147136114101156178155155220

141

14412*18417315514312616V*21 (>2352132°>181

18724 (220

1 25>211211.

212257

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SURVEY OF CURRENT BUSINESS November 1943

Table? 5.—-Sales of Ketail Stores by Kinds of Business, 1935—43 !i—Continued.Milll'.-i.-, - f .K.Ma'H

Year and month

1935;First quarter... .Second quarter...Third quarterFourth quarter ....

Monthly average..IQ3P"

First quarter ....Second quarterThird quarter._Fourth quarter

Monthly average1937:

First quarterSecond quarterThird quarterFourth quarter

Monthly average1938:

First quarterSecond quarterThird quarterFourth quarter

Monthly average.

JanuaryFebruary . .MarchAprilMayJune.Julv. ._..August....SeptemberOctober.. .NovemberDecember

Monthly average..1940'

JanuaryFebruaryMarchAprilMayJune .July....August . .September..OctoberNovemberDecember. . .

Monthly average.1941*

JanuaryFebruaryMarch. .AprilMay.JuneJuly.....AugustSeptemberOctober .._ .November. .December

Monthly average1942-

JanuaryFebruary..March.AprilMayJune .July. .AugustSeptember.. . . . .October . . . ..November.December.. _

Monthly average.1943'

JanuaryFebruaryMarch . . , .AprilMay.June

AugustSeptember..

Apparel urn(\>i)1inue

Faiml\and ^

other

;i

72 197 186 !

138 ;

33 ;

83 ;113 !95

104

38 !

99322104159

40

8310491

153 I

36

292638 !4239 i372822 \4047477 4 ••

40

312843364240303740475276

«

35324354504437485358619050

50i 42! 63

60 !54514453

i 627673

112 !I 62

57 :6866

! 79 i: 09 :

: 74! 58

6178

1 Data will not necessarily add to

92 !151 !124145

43 |

104174139170

4 9 •

328 !182 .154172

53

108171 !140172

49 |

34 i32 !

52 :

62 !5958 !42 ;42 j61554971

51

353460506364444858575572

53

423855 i78

6655 |60 172 j70039264 |

625077918784707493

10380 (

1 12 !

82 |

72 i7178

10584

1206564 i92 ;

totals

*MMu• • i '

iOi

30834s3'>l390

117

349374399405

127

345354373402

123

120118128126130127131130131127126168

130

126125133128134132135138134138135179

136

139130141142153149158166163160161214156

165155170171181180190197194207198278190

200193208214225223231229227

Hi i. l i m k -

inir

> >s*)O0nlO007

J ' i f i

V*>')°3700711

22{>

689843900845

274

723791838829

265

254240282285297301310321306313292318

293

278272313308328324335359342345321350

323

319312358364391390421406448447426454400

417396456477511509

! 541• 570! 503! 596! 5531 583

514

: 547519

i 599020

! 670682

1 716724724

! • . • ii

I, >%l, 1171 1132, 1 57

097

2 0742 2sO2. 32S2, 32-3

7"il

2,2472,4372, 5512, 474

809

2, 2092, 3432, 4642, 490

793

753742821840850857863868928856856930

847

806806900878936934935987882927946970

909

903869979974

1, 0701.0071.0761,1471,0811. 1351, 1151,2211,048

1, 1991,0841,1641. 234I, 3163. 3031.3581.3891, 3071, 4801,341

: 1.514j 1.333

1, 3671,2871,443

I 1,3561 1.418! 1,436! 1,494\ 1,376

1, 417because of rounding.

n o d - r - i i ;

and

r ion

! 5151,0023, 0051. 030

I, 5861.7403. 7663. 758

571

i, 095i, 8223, 8991,850

605

1, 008 :

1,7551.8091,895

599

573571030 !

039041644056655 ;709045648 :710 !

643 |

616013 '686 i670710710708750000 i700729735

093 ,

696 ;600 !755 !

745825 i708 ;813 !872811 !803850033800 '

940 i837 !890 i952 !

i ,on ;1.002 !

1.0471,009 :1,042 :i, 1401,040 ;

. 1.1011.01.2 i

1.056| 1.000 j

1,103 !

1,030 ;! 1,074 j

1,0901.143 !1.0401,074

X

Other

•SO

"»lo'OS">i:7

307

4SS517•V)l'-07

1*0

552015')."•>023

204

">4t")S8595001 :

194

!S0171191201209213207213218211 '•209 :

220 !

204

190193 ;214207221 !218228 '230 :215 '220 i217 '235

210

207 '202224 !229 i245 i23S263 :275270 ;272 !25928S248 ;

259 •247 •

282305 i301 \311 :

320325340301 !353 ;301

3112S7312327•it 4

351330343

,M.lu,:.!.K

F l I I l M J

nation-*

3s |503"72•"11301

A\:t,",(,;•{

072hOi

193!

531 i093 !76° :

0 "> '">

220

574090750 :070

225

19017821322624925426S205257250230238

235 '

214193229237203200278280250252 ;•>50241

240

223210252 ;273 i305 !314 i331332319310290 ;

297 '•

2SS

271230 '242253 ;276 ;259 :

272 '202258 :254 :259 '187 ;

i S21021;U2012!7221220221

1 -

j .

1,1,J,

1,I1.2,

3,1i

1I12,

1

1

. I M I

15s4! s299S.V)

47s'

220505-10")3 30

533

380684530079

550

'Ml5003 Sri019

512

'W>3844975'?f*•vP52243347'>571007590933

540

4254155'>8>7>356554746?5305070406639S1

571

45944855463866?010502071704733749141001

018544085712070670007oso778900807200751

633091752s2'70S7927007'^V27

• ;,,,'. M I "..

Drp-ip-l l l ' - I l !

f ' V >

slo"]U

, lo!)

270

707920S3!

1,30s

314

813; 1,000

8S0; 1,294 ;

333 :

735 :892

: SO 5: 3,260 !

; 308

227 :

309320332318 :240281 '358

: 388 '! 383: 588 •

331 i

258 i250321

i 327! 349 :! 335 ;

264 ;! 322 ii 300 ]

' 414; 431 !

029 :

: 350 i

: 284 :275

! 3491 407• 417• 3 8 2; 332: 427

400474490730419

; 390! 333

439442

; 404390343

i 405i 480• 572! 558! 800

404

' 3SI•3230450710347!*39S13551S

(mnnin

,, ,!m:i.

•x\Tnv\

vh\u-

T>

93

213290293317

95

251301291293

95

213250243202

81

64617378817978

8381

93

77

046173758178767774798090

70

6602737987828687878980

10683

8475879597909598

100HO10012290

S890

10210110510,s107103100

I- --

O.1,M

.•Inn- \

J. h)'\<

107

133!2010s

H

113US136193

-19

128ioo :143 >188

52

115142

182 ,

47

3835455059

4943435256 ;

548 5 '•

50 !

40 :

38 :5049545447495058 !60 |88 ;

53

42: 40 i: 50 :i 59\ 04 ;] 59 ,• 5 0 ;

: 01037008

: 10002 ;

i 59 i1 52 i! 64

! 73; 73 •

09 i75 i

i 83 !! 1001 90 :! 134

79

0974HO :90 ;88 '92S38293

'•iri'.'i>

3 .".01*7!7s2f>0

i m20s204295

72

189217216304

77

179210208315

70

'S017079

707374798283

106

81

6260847381807582788892

174

80

677281939487889694

10110419998

868495

104103105100108109124119211112

9398

106119112113111108110

'I oral

066058060842

235

850814818

), 042

294

908953922

3,083

327

850782799

3, 025

288

3092913202903082949g'?293338340336452

322

365336362336338337327351346380365480

300

3853014003733S9432437405470401445595434

483450506530525494470493524580513699523

520520619030002015603607018

Other

Feed ;

133 !164 •144 1158 i

50 !

172 ;220 i196 i208 ;

06

217271 i220 j192

i75 1

161 !

182 !154 !101 1

55

49 ;

55 ;08 !76 !84 j67 ,585866686465

65

616679879177707270777064 !74

646587

101100989696

10511298 i9893

100106 :133 ;

143 ;130 !120 i113 !117 ;122137122131 !123 ;

121 !142 i

i 183 1i 194 !i 174 |! 179 i

177 !; 177 '! 175

retail store

Fuel 1and ; Li

258 i155 ;185 :261 |

72 :

337 !171 i211 !294 j

84

330180 i228 1322 |

8S \

294 !150206286 :

78 ;

121 ;

300 'Q5 •

58 :51 1586670949192

116 i

84

150117110705568828793

10190

116

95

1421191125449

108114 !113110105100133105 !

151120 i122127 ;131 !118 !112 !108121 !112 i104 !143 j123 !

151128148135 !125 !135 |330143 j140 1

s

l u o r

647278

1140 7

102303107164

40

132127125173

46

1201201 9 9

177

45

444?45444443464550505382

49

484751485054485551570390

55

5054595704580208750970

11268

707270788483879498

13099

3 5494

101100135114110100109101107

Other

211267253308

87

240320304377

103

288373349396

117

274329317400

110

9694

111118130126112119128131127189

123

105106122130142138126138132145142210

136

123123142161176108105187180175171252169

157147174182ISO172163175182201188271183

152156174

j 187! 194

196186185190

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

Page 15: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

November 1943 sriiVKY OF (VRKKXT IU\sL\KS> 18

Table 6.— lii«lc"\«"» of I)ail\ V\ ra«/<* ^al «•» c»l* lU'lail Store*- h\ Kinds of Bu«-im'v-, 1935—4H

(i imii \( v i n j v t , <\ ! ,„!( v .

I ' 11 'Ml Lnuds

Year and im

1935:First quarter .Second quarterThin] quarterFourth quarter....

Year.193G:

First quarterSecond quarterThird quarter __Fourth quarter. ..

Year1937:

First quarterSecond quarterThird quarterFourth quarter...

Year1938:

First quarterSecond quarter...Third quarterFourth quarter

Year.1939:

January ._February .MarchAprilMayJuneJuly . . .AugustSeptember. .October.......NovemberDecem bcr.

Year.1940:

JanuaryFebruary._-MarchApril...MayJuneJulyAugustSeptember..OctoberNovember.

, , abh dur \ilabh n m l

B u l d i t - m t i e r i si1- a u l l , , t < j Apparel groupj

lot .1

82

1 1 1

99

SO 2

Ml (iJ23 f>1(1" 0

10? s

-»7 3

M7 1111 *'

97 ^

sf 1

SO

7" sM 1Ml (.

300 o 9"m« r. 107120 7 10t»1U5 0 lit)

109

110

98

92102.108.111.111.102.103.113.115.116.138,

108. 7

98.6100. 5113.3117.4122.6124.6114. 7115.3121.5126. 5128.1

December I 153. 3

nr.

S(» 9s,> 0

103. 8113. 7122.0120.6109.8103. 7105. 7116.6119.2132.5

109. 2

94.8100.2122.3137.5143.0148.7131.7

106 >

Ml 1MM 1

m i101 0

107 0111 0J12 2

109 v

121. 4121. 2143. 3143. 6156. 2

Year . . . . 120.0 i 130.61941:

January } 113.February | 120.March . . _ _ _ .. . . i 129.AprilM a y . . . . . . .J u n e . . .JulyA u g u s t . . . . .September.OctoberNovember..December. .

143.148.151.144.149.15Q.146.149.177.

127.4141.6161. 0185. 4198.8198.7181.2169.2147. 3149. 9150. 0163. 2

91 y101.4106.9108.0108.3100.5103.5115.5115.4115.5140.8

108. 6

99.9100.6110.4110.9116,0116.7109. 2113.3121.6121.0123. 1152. 3

101. o

9K 4

10") b '105 3106.2 i1C5. 7106. 6107. 2106. 3108.8110.8111.5113.2116,1

108.7

115.6115.1116.0115.5117.1119.5118.8121,8119.3121. 1124. 8129.2

M] - <M (>](>1 M 111, ' S1 0 " »i 1 1 0 71 1 4 C 12C ".

In* * 107 H

I t s 012 i 212') 9

117 7

85 07H 0

93 1

116,5 | 120,0

109. 4113.2119.6130.3131.9136. 2132.3142.4151.7145. 8149.9182.1

115 ,5121 ''121 210} 1

lid ">

91 985 3S9 1% I

9< 4

10' 110-S 0104.9103. 8105.4105.9105.8111.5113.3113.5115.0 ;122.7 |

109.2 i

123.0123.9122.6 !124. 9 !123.5129.9127,6132.1130. 2135. 4139, 1148.4

103 «103 7105. 2101.9103.8105.7103.2110.2112.4108.8112.3123.0

107. 6!

129.8 I128.8 !124.6 !127,0 I123. 1 !132.9127.1132.7129.4139.8146. 1155.0

143.9 I 164.5 i 137.1Y e a r . . . . .1942: j I I

J a n u a r y . . . ! 131.3 j 103.8 jFebruary . . ! 130.1 ! 100.0 !March._ . . 140. 4 i 107. 9 IApril 147. 5 ! 115. 7 !M a y . . . . . . j 147.7 i 115.9 |June 145.3 i 107.7 IJuly | 140.8 ! 100.3 IAugust 144.6 i 100.6 jSeptember. . 157.8 : 105.5 iOctober j 160.2 | 103.9 !November . 161.5 ! 100.0 iD e c e m b e r . . . 187.9 ! 110.5 I

Year . . . .1943:

JanuaryFebruaryMarch. .Apr i l . .M a y . . .June . . .July . .AugustSeptember

140.3139. 9151.0157.9158,0157. 5154,0159.0174. 8178. 5181.5213.1

133.1137,1133. 9137. 9140.0144.4149.1155,0147.4141.6149.0152.1

143.9

153. 2148.3147. 6146.5143. 4141.8147.6150.3150.9 j154.3 !158.2 i153.9 I

.160. 4169.5157.4166. 5169.7170.5176.0173.3155. 3145.5156. 5161.5

173.6 |184.8 |167.9 |179.3 !185.4 |177.0179 6156 5135 1132.714.") 1153. 4

si i

sj i

T) i

111 7122 2

121 1131 s

M(J ?

u s {

81 o

s i (I91 4

M 3

103 0102 'J104.7100.7102.9104.8102.1110.8111.4108. 4112.2123.4

107.1

130.8130.5124.6127.6123. 2133.6127. 5133. 5130.6141.2147, 0156. 8

130. 6 133. 1 : 133. 9

177.7189.1170.0181. 4188.1178 5ISO. 6151.4131. I12S. 4142 fi152 0

t.,1. i HOITX-I Jewel-

liiil hl)1(1 r y

andradiu

Total

"«1 7sO 7S2 2

HH !

HS M

110 H 117 7110 3 | i n 9ioi r. 1 1 2U)S 0 H4 S

M5 1 101 81iO j (»7 ' )

S o 9 7 1U1 '»

MM 0 i «*<» '>

S") 7MJ T;

" I . {

, 1(^ ">

1 1 2 9

in t

100 9lor, i

12' 9121 i117 bHi 1

100 I(t9 S

103 J

103 2102 0100 t>

7s i

Mi iU'l 1100 4107 i)

7i 0Ss ]SH J

90 1 j

i92 0

106 9107 2104 o

73.9 I77.1 !73.5 !82.2 !

84.785, 786. 388.2

76.3 ! 86.3

80.391.199.7

100. 5

9M S Id A Hjo 2 10* l> i 96.6

His 7117 711 % s1

107 1

'20 0 M2

MM 4 Kid ('. " s 3MS o ' 99 2 M1.998 1 i 96 7 , 9-S 4

Wi » I Q K | 101 2

112 3132 3110.2113.9112.7114.4114.3104.3122.2113.1113,6118.4

113.3

119.3111.8124.3121.1121.8125, 5123.5125.1117.7125. 4136. 9137. 1

104 .".100 0107. 7109.0112.1107.. 5109. 6115.0112.7118.9119.5120.0

100 '

107 710 i (»113.1113,3116,0113.1112.8121. 313 5.9121.0122.5123.4

iI J8693.97.99.88.

100.

3847758

97.098.

111.109.108.

7470

10] 398 2

102.0104.4109.2104.3108, 6109.1112.9117=9117.5118.3

111,7 I 115.9 98.2 109,0

in i\l\ <»118 7 '106 S

135 7 -

97 6h8 791 2M7 d

111 7KM su s -s1 0 6 <>l i t ) L

97 ">K9 292 )9f. 7

110 I124 i118 4100 ^

110.2113.6122.7111.4

0 I 112.8

i 93 8

87 ;88 o97 6

92 6

109 210* 499.4

100.599.3

102.7107.2109.4115.5118.5115.3125. 0

108.7

110 730" 3101.6103. 0100.7102.8112.3115.1119.2119.8117.8126.0

111.1

106 299 295,195.296.5

102. 496.697.3

107.7115.7110.1122.8

103. 6

112.1 !114.9 ;119.1 !124. 2 I127.7 1126.5;128.9 j129.3 I131.3129.3 I128.2 I136.5 !

114.3117.2121. 8128.0132.8130.6135.1135. 9137.1135.8131.2141. 2

124.7 ! 127.0 j 131.6

132.2 ;141.2 !146.2 j157.6 j157.7 |1(12. 2169 «177.,)175 fi170 317<» 7167 J

141.1145.1137. 3145. 3144. 4160.5166. 9178. 4169. 9161.9163. 7172,5

94, 3105.1115.4116.5118.3113.8114.3108. 9117.2111. 1114.9118.9

117.2 ;114.9 !114.2 |118.7120.0123.5 |121.6 !124.2 ;124.5 !123.1 !128.4 |134. 7

117.8122.0119.1118.3116.7125.3125.6133. 1128.3129.1132.5144.8

164.5 UW 7 166 1 162 3 157.8

142.9146.5139.0148.7148.4164.9174.3181. 61.71.3 |163.9 |163.6 |163,2 |

160,:

113.7 i 122.9 126.8

135.1 | 148. 7141.0 I 158.2136.2 ! 153.1146.1 155.5142.6 156.7152.8 161.5

143145.131129.129.

25638

153.9144,164.

57

119.5 i122.5 !122.0 |120.9 !118.7 i126. 4130.2 I136.6 I131.9 |128.0 I136.0 |145.3 |

114. 1120.8113.0112.9112.5123. 0115.8125.9120. 9131.5125. 3143.8

100. 092.792.797. 4

97.0

•111.5112.1107.4110.9111.9112.3112.9114.9122.6122.7122. 6126.4

117.4

123.5123. 6133.8129.6131. 5129.9135.1139. 9144.1143. 2143,7152. 2

128.9 i 122.3 : 138.4

158,152. 4162.8212.6

149.4

129, 2 !121. 1 i117.1 !112.4104.4 i99.3 [

100.2102.1101.6 |100. i i98,3 !91.9 i

90.970.9 i59. 1 I54.2 ;51.2 |51.6 !51.7 :52.6 I50.4 I48.7 I45.7 ''42.5 >

82.362.049.946.242.344.143.544.441.338. 936.032.7

178.2 I161.6 !152.3 !135.9141.6128.2135.3136.1143.1147. 6144.4 I142,3

168. 9176.5176.2177.7167.0152. 3148.4147. 5145. 6143. 6139. 5129.5

166. 7171.1173.7176.2173.6154.9154, 0149.3142.4135. 7131.8120.7

I 151.2I 180.9

169. 4167. 6144.7135. 4112.6113.2127.7138.7122, 6116.2

149.4 ! 105.9 ] 163.6 I 149.4

137. 3119 1

.02 1

ioo! 254, 0157.369. 9

74.678. 086. 799. 0

102. 9101. 1

96. «i96. b99 8

157. 8172.1172.3182. 7177.8187.3172.7177.1192. 8

159,2170. 4161.2159.2155. 3163. 0162, 5163.. 7162. 1

105.9 i 55.1 i 46.3

93.795.995.197.493.093.897,898.596. 9

46.1 !46.0 !48.7 i50.5 I48.1 !47.4 j48.850.752.2

36.536,339 740*937.537.437.739.740. 1

144.7 J 155.2

143.8 ! 128.6144.9 | 134.5140.1 I 129.8148.0 ! 132.2156.2149.2161, 4

153.1 140.

162.7174. 5

128.*131. 4131.6137. 1129. 0

123.3 I130.8 !126.0 |127.2 |120.4 !123.9 i125. 2 !132.0 !123.8

106.0112.3108.6112.2127.9121.7114,4114.9108.9

161.0178.1173.1162. 5164. 3172.7

173.5211.1173.0 j157.1172.8166.3

156. 4 I 165. 7

185. 6188.0187. 0187.8163.0 ,155.9 1155.3 I163.6164.9167. 4170.2160. 9

169. 8

156. 5157.8152. 9157.4151.3156.9158,7164. 2155. 1

178.1180.2193.6179. 3159. 3150.6154. 5162. 4166. 4167.1170.2159. 6

167.9

161. 3158.1152.1152.6142. 9147.8158.6147.7143.8

152. 3159. 3154. 8157.0157. 6163.8177.9214.3172.2160,2175.9168. 9

167.8

187.3183. 9200. 7188.8173. 5166.7173.7182.4182.0185.1189.8172.5

181.7

183.7179.3177.6176.0166, 5175. 3192.0177.1172. 4

I 141.2I 155.8! 149.6! 152.2I 154.8! 156.8! 164.4| 204.3' 174.7

150.6166. 4161.0

153. 3164.9163.8178.4174.6186. 3201.0217.2284.8170. 0206. 9185. 5

161.2 I 190.5

158. 8 i172.4 !178.8159. 5129. 6116.7114.1120.3133.7129. 2129.0132, 6

138. 9

114.2113.598.7

103. 593.490.288.686.183.9

200. 4214.7222.4221.6212.1209.8247.9256. 3273. 0267. 8277.4270.0

244. 5

263. 5302.4301. 9319.6301.8293. 3335.2338.5348, 1

91.797.198.9

101.3

97.6

| cloth-Total I and

i furn-I ish-

ensap-

pareland

j ings { so riot;

100. 798.2

100.5103.2

101.0

105. 8106.1106.6106.3107.0107.6106.5107.9110.0110.8112.6114.0

108.6

124.2126.5126. 3128.6130.3135. 9140.3149,1144.8140.3146.5149.1

81.285.490.088.8

86.6

92.8101.5102.2106.8

83.688.394. 191.0

89. 4

104107108.

354

106. 0

106, 5

106.112.109.105.

108.

7495

3

99.2 I93.0 !

97.099.4

107. 5113.4109. 6104. 7

108.0

96.088.294.995.1

105. 0104. 2106.9103. 7103.4102, 899.3

106.3102. 7107.0110.5114.0106.2

103.0102 2101. 599.8

100.398.795. 5

101.4101.1107.7107.2110. 4

103.3

108.7102.6103. 4102. 2103.7107.2104. 4109. 9108.6104.0114.0123, 8

116.5 I 112,2 j 109.0

113. 2112.2113.8112.4115.0116.1115.9118.5115.8116. 4120.1122.9

109.5106.8106.1106.0109.3110.4108.0117.0112.3107.7117.0123.8

123. 3124.3123.6132.3128.8126.6136. 2162.2144.4128.6141. 4145. 8

137.1 I 135. 5

161. 0157.2157. 6157. 6156.1155.7163,1166.0167.0171.9177.7174.1

163. 6

180.6194.7182.7179.4175.6185.6183.6184.9183. 4

120.7124.6126.6133.0129.3126.0132.0153. 2139. 8135. 2141. 3145.1

134.8

175.1165. 8180.6160.2148.0148.0168.5177.8171.0170.0184.1185.8

169.3

181.9172.0215.5153.6131. 2136. 6148.5156.1154.4147.1160. 2171.1

159. 4

84. 087., 686. 784, 3

96.0 90. S106. 9 98. (i106.1 100,4110.9 I 104,9

101.1 ! 105.2 | 98.9

207.2278.2200.7197.7179.9215. 0196. 0207.3198.9

168.9248.6 j205. 2176.0162.7 I192. 9163. 6177.0178.7

107. 4112.6110.1105, 6

108.8

J01.695. (j97.. 5

101.0

99. 4

106. i104. 2108. 6105.8106. 3104. 8101.2109. 2105.1113.5115. 5117.0

108. (>

111.2109. 8108.9-111.5112,9110.8l l l . O121.7119. 8115.2"121.6126. 8

116.0

123. 9124.0124.4133.4130. 1128.1139.8175.3158.2127.9145. 9147. 4

138. 8

171.9162. 2173.4162.0156.4154.8177.2190, 6188. 4188,7206.5201.3

178.6

233.6323.1209. 5229. 2208.2229.0238.4246. 0228. 4

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

Page 16: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

14 SURVEY OF CURRENT BUSINESS November 1943

Table 6.—Indexes of Daily Average Sales of Retail Stores by Kinds of Business, 1935-43—Continued

Year andmonth

1935:First qunrter.Secondq uarter

'/Third quarterFourth quarter

Year1936:

First quarter.,Second quarter jThird quarter;Fourth quarter |

Year—1037:

First quarter.•Second quarterThird quarterFourth quarter

Y e a r . . . -1938:

First quaiter.Second quarterThird quarterFourth quarter

Year19,39:. January-.

February -March . - . - - - -April .- .------May •--June ------J u l y - —-----August •-.September.:-.

'October.- —--November-..:December

Food group

Grocery |and

bina-tion

| Other jstationsfood

Adjusted inch v > (19,35 39-1001 -Continued

Nondurable goods* stores Continu< d

j (it neial nn'ichandise group Other retail stores

i FillingDo pail ileneral, Other |

:m .n t f . n c U o n . B , n . i a i i V a r i |I Total ! d l K lTotal indud- mei-

Feed

urn ehandbe ehandiseimail w Uh and di \ '

Year

JanuaryFebruary..-March..- ._AprilMayJune - -July.August

September^.October.-»-November..1 >ecenil)er..

Year-.-

January. .-February. .MarchAprilMay- -.June.JulyAugust.September._OctoberNovember.-December...

Year...! 012:

January. ..February...MarchApril.. . - -MayJuneJuly .AugustSeptember...OctoberNovember .I >ec ember .

Year ...

January. -_February...March "AprilMayJune_._JulyAugustSeptember

90.489. 688.691.089. S

90.889.186.387.588.3

74.77.7984.

79

3290

1

91.494.695.397.7 |95.0 i

105.106.108104

9089

105.0103101107101

4885

106.1108114

93

104.105.109.104.

8750

100.5103. 798.5

105.10197

105112

80684

106.9 104.9

111.3107. 6106. 6104.7111.3113.1108.4119.4109.7104.5114. 8123.3

112.1

122.4125.8125.0l£2.8129.8130.3137.8160.7140. 3128.1140.6140. 6

135.0 j

169.8 I165.7172. 2162.1147,0145. 8166.1177.3164. 3159. 5173.7177.8

164.8

201.3272. 4198.1190.1 j184.0211.4201. 7212. 6204. 4

105. 8105.9103. 5100.6108.1112.1106. 3115.3104.199.8

113.1118.1

108.7

106.8109.510,9. 6109.1107.9107.5107.1106. 4108.7107.5110.0111.4

108.4

110,9112.0113.8110.7111.5112.4110.5111.6113.1115.2117.0120.0

113.6

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JUO.

105.

y

2

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5892462

104:. 1101. 7

106. 3106.7107.0107.1107.7108.1105.8108. 6112.8111.2114.7111.1

126.1123.4116. 6128.9124.5121.4133.3149.0125.1121.3132.8147.3

130.2 ! l'JO I I I"* h 1 3 1 '

116.4

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116. 6

123. 8124. 7125. 8126. 7120.3I U) 0134 t>U7 1141 0I1 $ 'Mb 03'0 0

176. 7164.7153.6164.1154. 6151.3179.9181.8162.9170.9178.9180, 2

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210.1230. 5178. 3168.2 i141.9 i219.4 ;148.7 |165.1 i101. B !

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109 4106. b107. 4110.1

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74.80.80.85.

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100.3105.7

96.5103.3109. 7116.6

nono

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107 6 107 i) 105.4HL' 7 10t ,"» 104.7107.6 io,? 0 103.5

99.5102.7103. 4105. 8105.3107.7

102.4 !106.1106. 5109.4109.1111.8

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05 2Jl 7

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87.3

87. 886. 480. 685.387.184.784.6 I84.8 '83.9 I84.6 I85.8 i88.4 !

7 7

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103. 5

107.4104.9105. 9104.0107.0110.1108 6112.2107, 3106. 1111.7117.7

Fuelandice

82.693.186.492,6

88,. 0 |

106.2102.999.8

104.8

100.2 I 106.7 ! 103.7

Liquor

53.63.70.74.

5736

!110.0:114.0 i1J2.6 !109.1 !

123,2126.9122. 8107! 3

106.6107.8106, 9114.0

66.0

84.990.895.6

105.695.5

111.0112.5112,1111.1

111.5 ! 120.5 ; 108.6 | 112.1

102.699.4

101.4103.8102.6

108. 8106. 5106. 2107.9106.7107.6106. 0109.9107.9111.2112.7112.5109.3

112.0 j111.8 '113.3111.3113.2111.4112.4116.411.5.4117.1118.0123. 4

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123 11 >,2 0131 S

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~>3 3

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89.4 i59.5 I86.3 i90.4 I90.2 !02 001 1

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)

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112.0115.5114.2119.7121. 412) 8130 5l i t 213)12, 1[20 J130 b

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96.9 i94.8 i97.5 !

102.4

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105. 9105. 5104.3105.0109.1 I109.6111.7108.1112.4113.4112.9120.4

109.7

119.4117.1121.4116.1119.9129.6126. 3128.1121.4122. 212L 6128.0

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1 12 0Ibl 1

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88.2 !

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105. 6111.3102.3102.097.7

106. 3106.1 !110.5 j120.3 i

93.890.695.7

101.295.9

102.1101.2101.091.5

102.2110.5113.2105.1106.8107.1104.1111.0

104.4 ! 103.8

115.5116.2116.4116.1121.1122.2118.6119. 9117.4116.4119. 4117.5

118.5

122.1112.9120., 7107.7110.8132.8135, 9129. 6110.3114. 2102.2110.9

116.7

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l<>0 0

14$ 2 1K» 0

120.118.128.133.133.r iIbl1<>7IbOIbS174

85973

41322s

115.119.1238399

20111015 31*3011012113s

58132S2"]

70(

j^7 1193 6107 2ls() 7lsO 1ls2 o100 120 j 0]0b 0200 12is n2 32 0

)07 1 '

237 121S b>f>0 "2)S 1240 1272 020s 1*07 0

120 0 ,

14b 0 I143 0 '110 5173 1 ,201 9174 } ,ll '» 014b 1H I 4127 S120 7

111 0

103.1106.3108. 5113.1

108.4

115.0112.5113.6112.9113.4112.5117.7119.8117.4123.7125.7125.3

117.9

124. 2122. 0127.4125.9130.4137.9127.4134. 2135. 2137.5140.7146.1133, 3

142.8146.7146.1150.3156. 6117 t163 1 iIbO s '194 7

175 b 1177 1,

Ib3 1 1

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210 0 ,

213 2

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76.780.180.482.4

80.1

85. 896.096. 9

100.1

95.6

104. 5112. 0111.3105. 7

108.4

99,898.8

10L2106.2

101.9

Allretailstores,

in 1935-39

dollars

86. 8

100.2

105, 4

97.6

111.3 !109.3 j107.4111.9111.4112.1113.8111.9118.3118.3116.1125. 7

114.1

117.7119.0122.4118.6122.1128.2123.2129,3120.8125.7130. 2139. 9

126.2 I

106.6107.1108.2107.8108. 9109.8108. 4111.2110.5110.8112.8116.4110.0

116.0114.8110.3115.5116.9119.1118.4121.8118.3119.7123. 4127.0

119.5

137.143.141,146.151.15'iU>Is2ISbH I103

357943

*i272

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12') O111 <>122 11 '2 0121 O

(Continued on page 19)

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November 19-13 SURVEY OF CURRENT BUSINESS 15

Business Discontinuances, 1940-42Genevieve B, Wimsatt9 Business Structure Unit, Distribution Division

DURING the recent period of transi-tion to a war economy, American

business has been required to make diffi-cult and varied adjustments. Conversionprograms, restrictions on materials andsupplies, price controls, rationing, man-power restrictions, and disruption ofnormal markets suggest but a few of theproblems encountered during this diffi-cult period.

As the war goes on and later, when thereconversion to peacetime productionoccurs, the difficulties will continue andin some cases be intensified. As a re-sult, there has been widespread interestin the question of how American busi-ness will be able to achieve the necessaryfuture adjustments.

Particular concern has been frequent-ly expressed as to the ability of smallerfirms to survive the war. The opinionis widely held that there will be a rela-tive decline in the number of smallbusiness firms with a correspondingweakening of the small business seg-ment of the economy.

In order to provide factual informa-tion on the impact of the war upon thesurvival of business firms of varioustypes and sizes, the Bureau of Foreignand Domestic Commerce has under-taken to collect and report quarterlydata on business births and deaths andon changes in the number of operatingfirms.

As one of the first steps in this projecta compilation of data on business dis-continuances based on State Unemploy-ment Compensation records has beencompleted covering the two-year period1940-42.1 It is the purpose of this ar-ticle to present these data.

It is hoped in subsequent issues of theSURVEY OF CURRENT BUSINESS to presentthe results of additional studies of thistype and to provide current quarterlydata on changes in the business popula-tion.2

The term business discontinuance asused in the present study refers to thecessation of operations by a firm, eitherwhen the business is liquidated or whenit is transferred to a successor.

The data are limited in scope to firmsemploying one or more persons. All in-

1 The preparation of these data wouldhave been impossible without the helpfulcooperation of the Employment SecurityAgencies of 31 States in furnishing the num-ber of inactive employer accounts from theirrecords. Particular appreciation is due theBureau of Labor Statistics which first col-lected the basic data from the State agenciesand made the figures available to the Bureauof Foreign and Domestic Commerce.

2 The reader is referred to two priorstudies, Small Retailers Face the War, SenateSpecial Committee to Study Problems ofAmerican Small Business, print no. 13, pp.39-53; and Small Retail Store Mortality,Bulletin no. 22, Economic Series, Bureau ofForeign and Domestic Commerce.

dustries are represented except agricul-ture, forestry, fishing, and the profes-sions. Since reports were obtained fromonly 31 States, the final figures are na-tional estimates built up from partialdata.

The States were first grouped into nineregions. The figures from the reportingStates in a region were next multipliedby a factor derived from census data anddesigned to adjust for the States withinthe region which did not report. Theseestimated regional totals were thensummed into national totals.

In many of the States for which figureswere reported, the unemployment com-pensation law covers only those employ-ers with more than a stated minimumnumber of employees, usually four oreight. Thus the available data on whichthe estimates were based were fairly thinfor firms in the smaller size groups.

Size of firm was measured by the num-ber of employees at the date of termina-tion. Comparisons were made betweenthe size distribution of discontinuedfirms according to employment at thedate of termination and employment inthe corresponding period of 1939. Thesetests indicated that use of final numberof employees resulted in slight concen-tration of firms in the smaller size groups.In no case are firms without employeesincluded in the estimates.

Briefly highlighted, the new data indi-cate a sharp increase in the number ofbusiness discontinuances between July1940 and June 1942. The smallest in-crease was recorded by manufacturing

concerns and the largest byfirms engagedin contract construction. Very smallfirms, i. e., those employing one to threeworkers, and large firms, i. e., those em-ploying 20 or more persons, experiencedrelatively greater increases in the num-ber of discontinuances than did firmshaving 8 to 19 employees.

The total number of business discon-tinuances during the 2-year periodamounted to 18 percent of the firms inexistence in 1939. Among firms engagedin retail trade and in finance-insurance-real estate the percentage was only 10.On the other hand, the percentage ofdiscontinuances for mining and servicecompanies was 40 or four times as highas for retail trade.

A little over half of all firms discon-tinuing sold or transferred their busi-nesses to successors. The proportion oftransfers, however, varied widely amongdifferent industry groups.

Whereas four-fifths of the buildingcontractors ceasing operations liquidatedtheir businesses completely, only one-third of the retail businesses were liqui-dated. Complete liquidations consti-tuted an increasing proportion of totaldiscontinuances in the latter half of 1941and in the first half of 1942.

Trends in Business Discontinu-ances, 1940-42

In the entire 2-year period surveyed,July 1940 to June 1942, on basis of StateUnemployment Compensation records,about 273,000 firms (from the includedpopulation) went out of business—or

Chart 1.—Businesses Liquidated or Transferred to Successors by Sizeof Firm

THOUSANDS OF FIRMS50

4 0

'<£( CONSTRUcffoN^^;^/TRANSPORTATION AND OTHERPUBLIC UTILITIES

10

JULYTOSEPT

OCT.TODEC.

JAN.TOMAR.

APR.TOJUNE

JULYTOSEPT.

OCT.TODEC.

JAN.TO

MAR.

APR.TO

JUNE

!940 1941

Source : U. S. Department of Commerce based upon State unemployment compensation records.

1942DO. 43-616

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16 SURVEY OF CURRENT BUSINESS November 1943

about 450 each working day.3 (See table1.) This number represents about 18percent of all firms operating in 1939.

During the period, the trend in num-ber of discontinuances was generally up-ward. The number increased from about23.000 in the third quarter of 1940 to apeak of nearly 40,000 in the fourth quar-ter of 1941. Thereafter, the number de-creased slightly to about 38,000 in thesecond quarter of 1942.

While the broad picture of businessdiscontinuances during this period is oneof marked increase, the rise was notequally great among firms of varioussizes. Prom table 1 and chart 1 it is evi-dent that discontinuances among thevery smallest firms, i. e., those with 1 to 3employees, increased more rapidly overthe two-year period than among thefirms in any other size group.

The least increases in the number ofdiscontinuances occurred among the me-dium-sized concerns rather than amongthe largest firms. With some exceptionssimilar relationships for the various sizeclasses were found within each industrygroup treated separately.

The relatively large increases shownby firms with 50 or more employees aredue, however, chiefly to the discontinu-ance of a few large concerns in construc-tion, transportation, and finance-insur-ance-real estate.

A comparison of trends in number ofdiscontinuances for the several indus-trial groups also reveals signficant dif-ferences. (See chart 2.) The numberof discontinuances among manufactur-ing firms per quarter declined by aboutone-fourth during the two-year period,whereas the number of discontinuancesamong firms in contract construction in-creased nearly three times.

Trends in number of discontinuancesfor the individual industrial groupswithin retail trade and manufacturingare presented in tables 2 and 3. (Fur-ther information for firms of varioussizes within these groups is availablefrom the Business Structure Unit of theBureau of Foreign and Domestic Com-merce.) Highlights from these tablesare that firms selling general merchan-dise showed greater increases in discon-tinuances between 1940 and 1942 thandid other classes of retail stores.

Automobile dealers fared relativelywell during 1941, but the number of suchdealers going out of business doubledduring the firsi half of 1942 as comparedwith the number in the last half of 1941.The figures reflect the conversion of theautomobile manufacturing industry towar production.

Rising incomes and consequent in-3 Business discontinuances reported by Dun

and Bradstreet for the same period amountedto 651,100 for all concerns including thosewith no employees. The trend in total dis-continuances shown by the Dun and Brad-street figures differs considerably from that ofthe present series as shown by the followingcomparative indexes representing number ofdiscontinuances by half-year periods:

Dun andCommerce Bradstreet

July-Dec, 1940 100 100January-June 1941 124 112July-Dec. 1941 136 93January-June 1942 147 104

Table 1.—Estimated Number of Businesses Liquidated or Transferred to Successors,Concerns wi th One or More Employees, By Size and Indus t r ia l Groups, Quarter ly1940-42 i

I n d u s t r i a l " ; o u p 'Hid s i / - oi 1'Usiix1^-

1 I J . ' IPp loXr , «.\ 7 e l l - p h ^ > css p.) e m p i o \ ( ("v20-49 i m p i o \ n -."<: o r l i i ' J ic < m p l o \ i i -

M i ; . : n , , t , l ! ; i l

!- 3 t ' l l ip! ' )1 , i v -1 ', (' m p ] o \ u <S Pt t 'Ulplo* I 'C"20 19 • mplovee-in or more emplo\e"N

! :* ei ir l<.\,v-! 7 e T t i i i ] ( t \ c i ' v

s- !U e m p l o \ e''s20 41) eini>I.'i>ee<50 or lilwre e m p l o \ ee>

Mani l l a ; lunns i , t<#i*tli 3 i-:npln\ <v-

1 7 emp]ov< -8 19 employees2 0 4(» e i i i p l n x e c s

50 or more t>'mpl<.\ec-

Tru i -po r t a t i on , communica t ion- , andntli ir IHIMK- utilit ies, t o t a l . . .

I 3emplo> .c s . . . .4 7 <>mrlo\ee-; .8-19 eni!>l<Ae<^20 4'< e m i > l o \ e e < . .

50 or moie employees.. .Whole-ak frad<\ total

3 3 emp]o\ets4-7 employee-- . . .s-19 ernpl<>\ees20-19 employer1-'50 or more employees

Retail trade, total1 3 employees\ -7 employees8-19 employees20- 49 employees50 or more employee^..

Finance, insurance, and real estate,rot i!

1 - 3 e m p l o y e e s . - . . . .4-7 t mployees8--19 employee20 49 emplo^e^50 or more emplo>ee<

Fervic^, total1- 3 cmplo\ees1 7 emploxee^s ]<) cmplo\(-"'S20-49 emp lo \ ee -50 or more emplo\ee^

T..M!.? ulvI'M,).liiue

272 , .W

2ol. sWJ»0. '»7s21, 731

s, :-:o():>.s*.

s, ! i 7". ' 75

V7»>\'2.'>

\\'<

M*7

21. 4501, OiiS2V 305

<)02300

27. < 3s13. 475

•\ 7!s1. 8 it",2, 5172.0* »2

\ M I0, 550

s7oS " 0

3s(»l s s

! S, 53912, 4253/210

., 1,953727218

00. 32545, 3708. 0021, 5971.428

32S

17, 74S14, 820

1. 98803022 •>

S2

102. 42382, 07012.IM0

5.0 401. 702

371

19

. fu ly -

22, 713

P'.. (.153, .V,!2. 192

t>52273

75!50010790272(

1 , Si "I71,300

2~4205

70"-2

2, S.-.21.500

52019 4179153

701525

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1793so

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80 ,215

1929 '

2, 4S5 '1.050 J

2 48 '9227

0, 7874.845 ,1,120

014 ,157 ,51

2. 200l.s-20

292U't

3119

10,2377. M",1,517

710210.

S3

lan.-\lurch

32. P s

23. 00,"1 5*',42 52s1. 033

3 - s

1.001750

9915!

Is

13

2 , 2>M0

37125313217

3/XI2?.. 000

700,0(H

3s s207

ss3050122

032919

2, 1191, 350

l s 0

1898311

8, 0706, 0851, 174

01314400

2, 2972, 000

2020131

3

10.8378. 0301,404

59717828

191

Apr.-Iime

31. 92s

1. 0<*s2! O.( 31.0'«s

J01

05o•»0i

pi', '51 '22

3, oOl2. 250

}•'<">

211.Ms

17

3 73 ' .1,^50

• >70*',2233s2">(

7<i955(1

77112

JS12

2, 53S1,850

323279

7010

8,1496, 2901,130

400219

38

2,587 i2, 150 !

282 I10234 !19 i

13,140 |10,475 !

1,089 •720202 ;

54

J u l \

33,710

25. 3204. 1V»2 537

9071 17

900 ,0'M) 11 3 ' ' JS," !

5329

2 / }'»2. or 0

isO

3199< '•is

3 2551, 500

013599."521222

1/2911,000

9510352

•v.2,0(»0L400

349232

7732

G, 5734, 935

98847514431

2.1851,900

1571001012

14,40711.925

1,02s0212( 'S

22

O( t

J". 715

27. sVi5. 70h3, s331..V2

7 >

1.0'il0i0515415"

7o50

1, 70!3.300

7573s i17192

3. 7521 no

577,S(>*

55s;;,",<!

1. 105700l « s121

S 3

33

2, K)(>h 500

54038210071

7, 0035, 3851,155

795208

00

3, 0012. 400

4141224817

15,70912, 3951,9 411. 009

2 S S70,

I1-

T a n .A i u i c h

3'i 5 '7

30. 71."j ~Sti2. 5_'3

f'."35_(;

:. is2' , ' " ( 1

79\251pi

5. 3274. L5'1

(Wo

' •12 s -V3.*)«•

3, 171J. 775

5275S72* 5317

1. Is7875157

s;u25

2, 4911 S()()

3572129329

9, 3417, 3451,104

5S2• 220

30

1,8031,000

19152155

14,00512,150

1,70159317<i

12

Mi

4

1

j .

r

i <

t

0,

1,1.

15,12,1,

i<-

" 1 )

10 •i.V.

7o(M7s

'-v

• « ) ( •

703302H_>

2^

9s4550V)i~>2'i

2s<jl'>2

->()(

!">(9""7,<5722

5 3 s750477219

7016

409075890574242

28

85154C212

0028

47091501307S230

4(

» Based upon State Unemployment Compensation records.

creasing use of automobiles in late 1941and early 1942 resulted in a very favor-able showing for filling stations. Gasrationing did not get under way untilthe end of the period covered by thestudy.

In the manufacturing field, sharp de-clines in discontinuances occurred amongthe producers of petroleum and coal, rub-ber, and electrical machinery products.The greatest increases occurred in theiron and steel group, but these discontin-uances were largely among the very smallfirms.

Severity of Business Discontinu-ances Among Different Industryand Size Groups

In comparing the severity of discon-tinuances for various segments of thebusiness population, it would be desir-able to express them during eachquarter as a percentage of the numberof firms in existence at the beginning ofthe quarter. This procedure is not at

present possible because of the lack ofperiodic data on number of operatingfirms.

In connection with the present study,however, estimates of the number offirms operating in 1939 (within thepopulation of businesses included in thisstudy) by size and industry groups, wereprepared on the basis of Census, InternalRevenue, and Social Security data.4

The number of discontinuances amongfirms of each industry-size group havebeen expressed as a percentage of theestimated number of firms of the samegroup operating in 1939. (See table 4.)By means of these percentages it is pos-

4 The total number of businesses and thenumber in each industrial group were takenfrom data on the number of employingorganizations covered by Old Age and Sur-vivors Insurance. See release of the Bureauof Old Age and Survivors Insurance QuarterlyTabulations of Employment Volume andTaxable Pay Rolls of Covered Employers:1939. The size distributions were estimatedon the basis of data from the Bureau of theCensus and the Bureau of Internal Revenue.

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November 1943 SURVEY OF CURRENT BUSINESS 17

Table 2.—KstiinatCMl Number of Uclnil Husinessos Liquidated uv Transferred toSur<"o-sors, Concerns With One or More Km[)lo><^. Quarierh 1910-12 i

lnnl ] < » w l ' U lI u l > _ _ . _1' iU 1

J u - i l u h O< t J u t . \ p i r - iJ i » U N p I )» . M . i t l i M i n t v c

J v, \ ] . r . -

Food tii'l liquorAut<r"oii« c\ p p u e l avA n e o ^ ' U i i sE itiT'u .n,d d n u k i n g p h cIMHI ' . J - - i a t ions _ ...No t i l -owh. i c c l w f «.<!

/ >" > ' « , " o i l f , :2»,.",

i ! i ; I 2~-

I ! 7 ' T l ' i " ' M l

» 7 »•- i .i ; i i 1 M

,"(, - . SI I I I . 1 '

,>7 _ » J ' i •»»«' J » r - i i

1 Hj ' 'i iiju.u si \\ s I roiiii>i()\ men I COMITX \i-\\ i< I, K i v . i d -

Tahh- 'J.—-F^limaUMl Niiml.rr of Maiiiifartiir'-ng Bu^ijfie-^es LicjuhSaUu or Trail1-(Vrreelto Suor«*ss<ir>, (loticoriis vwlh Four or \l««re Kiii|»Ii»>t*«**', Quarlerl\ I910-I21

' . U M i U H I ' lPLT ' , t ' \i]

MUn.ui-, lotalIOM,1 and k i n . ' u ' l ]-io<lucbrl ol\U'co i i ianufICUIU'S . ._ (is

App i ro land otih'i hnMictl U' \ t ik [ i t . l - 'not > . ' 2 ' ^

T urnlu r .tr^l t n n h o r b \^\c prculuc'- ' J ' o . i1 UrTJ'tUio 'Hid fjIU^hcM ltllhlwr JTOdliC t i S i .i ' ' ] ••! ami allied p i o d m l - . . i»sT >r intni- m d p u M M i i r u and al l iul in-

( !u ' i iv Air <md iHicd [^odiut1^J ludi i fK of pp t 'oh 'un and co.d .

p1 iat 1101 m d li ihor p^udiHtsc toiu- t l n , ; nd eia^1- p m d i n h 'Iron. ^i-( 1. all i tlHU piodM('->' imn^M.i i iti»inniiiipTiioiit"(L\ctptant »-

me !uh-Xt)iif< n u- vwi d s a n d th< u produc! -I lot t in d m i' LIIK x\

] \ 1 i i i l " i ' \ i» \< i p t , » ' 11 ' U ' ;

V l l t o i 1 o ' T ' o i l i r i i h l < > ! > i j» t (J U i p ' ' l i t

J \ " i u ' i ' i i t o u i t i n i ' f c i i H i ' i 1 i r d u ^

' 11 iv d un ^i i«> I i n n pl<.\M".nt ( o'

hil'fii

I ' S (

1, 11

! I

J ' l ' \^ i p t

i, M

i /<

..,-n

JM

1.

^ ,-

\ nI l l 'U

mli \ \

h i i^ i i (

1 7

A , : .-

. i ^

S i110

1 ! ' l

"27I.'

1 .-»-*

f]0' ) . " i

1,

:u

«,:•

i : ;

1 1 !

2\i()

Ml'JOS^

s

1Jin15

- i

Ul _7 '( J

!'

\'7

' i

" ' -

i t

>')

10

i j1 ~

1 >!

7(I4'

• » >

21

!',A i i 7

l j

.'(it

i i

i >

1 > i

.1

1!

* ,

83 !

records.

("hart 2.—Businesses Liquidated or Transferred to Successors by IndustrialGroups1

THOUSAMDS OF FIRMS50

4 0

3 0

50 OR MORE E M P L O Y F F S ^

sible to compare the severity of businessdiscontinuances among various seg-ments of the business population.

As would be expected, the percentageof discontinuances varied inversely withsize of firm. (See chart 3.) For ex-ample, the percentage of discontinu-ances was four times as great for firmsemploying 1 to 3 persons as for firmsemploying 50 or more workers. Therewas, however, practically no differentialbetween firms employing 4 to 7 workersand those employing 8 to 19. Twice asmany firms in the 20 to 49 employee classdiscontinued as did those with more than50.

In each of the industrial groups, ex-cept contract construction and retailtrade, the smallest concerns had thehighest percentages of discontinuances.

Because many building contractorsorganize for particular jobs and thendisband or change to employee statusand vice versa, or engage in subcon-tracting and the like, it is difficult to se-cure figures on business discontinuancesin this field which are strictly com-parable with those for other industries.

In the field of retail trade the discon-tinuances among large automobiledealers to some extent account for thehigh percentages among firms employ-ing 20 to 49 persons. With these twoexceptions, the general opinion thatlarge firms were more likely to continuein business than small ones appears tobe well substantiated by the presentdata.

The various industry groups varywidely in percentage of discontinuances,the differences tending to be consistentfor all size classes within the industrialgroups. The smallest percentage oc-curred in retail trade. The number ofretail stores going out of business duringthe two-year period was about 10 firmsfor every 100 firms in existence in 1939.

At the opposite extreme discontinu-ances among the service trades were atthe rate of 41 firms for every 100 firmsoperating in 1939, with the rate amongmining firms about as great. Betweenthese extremes the remaining groupsoccur in ascending order as follows:finnncr-in^uranco-ieal estate, wholesaletiade. manufacturing, transportationand eonivat'f construction.

In tables 5 and 6, the poicentase ofDiscontinuances is shown Joi each m-diwdual industrial group within retailn ado and rmnafaeturm^. The automo-p«Ie imd the food and Wiiior dealt i- ox-perieruva 1ht h^hc bi pe i ccn ta°o of dr--<~'<)nMmmi(e. Iri ihesc l i n ^ 1G GCIKINy\'*ii+ on- ox busme s m (be 2-;s\ir p'M'iodiVi earli 1G*J firms rper I-UYJ J.I 1939

At the oppj>ue "xticmc v i e fiihnctati'tris cinJ eauru, and dnnti i if places

Avioni- ilie,c itViil oinl.H,^ t! * cWon-t n v ^ " - \\c"^ about 2 pa1 100 «n exist-VIM, m lfi.n.

Fn in am far- v m^, di^coiiimuanc wr-t u l ' i + ivf'lv f,i^at.-t in K< ,ic liiniLoipioducis dr.d iri.nspoitat'cii rquipm^nl^hu-li a incui t rd to obout 20 p*iccn{ ( ithf n :mhr:' of concerns m txiM<nc( i iI'J30 CV. the uthfv lie iv'. ihe r^iv'Ti'uwo' ansL^'iLiiR'niicro, for fiiT,; in the to-

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18 SURVEY OF CURRENT BUSINESS Nove nbcr 1943

Table 4.—Business Discontinuances,1910—12, Corn pared with BusinessesOperating in 1939, Concerns with Oneor More Employees, By Industrial andSize Groups

Industr ial group andsi/o of business

Numberof busi- '

i

Businessesliquidated ortransferred,Ju ly 1940-Jmii' 1942 2

N u m - Fer-ber cent

All groups, total _ . _All groups excluding t ians

portat ion and finance1-3 employees4-7 employees . . . .8-19 employees20-49 e m p l o y e e s - . . . .50 or more employees

Mining, total1-3 employees - -4-7 employees8-19 employees . . . . . .20-49 employees.f>0 or more employees _

Contract construction, t of a1-3 employees4-7 employees . . . .8—19 employees .20-49 employees50 or more employees . . .

Manufacturing, tot . i l . . . .1-3 employees . _.4-7 employees. _8-19 cm ploy eos. _.20-49 employees . . . .50 or more employees . .

1.33'», 4D7 272, (UK)

820, 3*Jti ls(t,'4(',i\'24.', 1)2.") I 34, 120 •142, 91S ! 20. 2r>4 IMi. 471 . 7, IV.)239, 140 ! 3 300 ;

20,3317. 809"5, 0973,373

12 4.779 ;

7 4.992 i23, 829 '

8.0873, 071

923

197

21.430 ,4,01)8 ,

Transportation, total

Wholesale trade, total. . .1-3 employees - - - i

8-19 employees...20-49 employees. . . .50 or more employees . . \

Finance, insurance, nndreal estate, total . . ,

IHotels, amusements and i

other services, total1-3 employees . . . .4-7 employees..8-19 employees . . .20-49 employees50 or more employees . . .

Retail t rade, total . .1-3 emplo>e"s4-7 employees .ft-19 emplojees . . . -20-49 employees50 or moie employees

ID 731 I 2,303 :io, i.vr j (»o22, 870 I 3M»

170.03 4 , 27. iV^It), t i l^ . 13, -17,")32, 95:s i 4. 71S j31. 170 I 4.S3' l !23. 3 IS , 2 .317 jr> 920 • 2, 092 j

o i. 313 , 8, s44

1 r. w.) 1 ^ , r-..vi73,08.") i 12, \2b .33.893 I 3,210 ,23,033 i I.-).".} !9. -,79 | 727 |3, J37 I 2is i

1>>~\ ii)s 17.748

j2V), S'O j i o J . LMl s x , .;.•>(> ! ;>J. 0 7 0 •

iJ.O32i 12. nl()20, SOD i 5. Old ,

3. 03."> | 1. 7023, in s $71

22 0H 914 211 hu 0

Jo. 817.8

23.328. 015.721.48. 7

12.5

16.328. 914.315.510. 8

12.610.99. 5

021. IH128, 7i)iiI IS, 07 45I.5.SU1 1 . ' M l

8, 0 7 s

00. .i2.">15.370 '8, 00?1, 5"71 428

32s

40. 543.539. 527. 128.610. I

9.710.07.38. 99. 64. 1

1 Est imates b i w d upon dataand S u r v i v o r Insuianee, BuiBureau of Intern d l{e\enue

2 Numbi r -*f biisme^-n-; lKjnid.itsuccessors i^e-tmi. ' t ' .1 fjom State Ipensation reeoid t\<u\ peieenimebusinesses ujx-i M \J\<J m J93'(

n Hm<> in of Old A wi f>{ {iie < YIHUS and

!e 1 ' r trui-lVrred tocinplo v ment Com-u thf number of

Relation of Liquidations to TotalDiscontinuances

Frequently in discussions on businessmortality, data on business discontinu-ances have been applied to questions be-yond their scope. First, they are oftenused as measures of the number of busi-ness failures on the assumption that alldiscontinuances involve great loss totheir owners or creditors. Such an in-terpretation is, of course, unwarranted.Discontinuance figures apply to all firmsceasing operations and include those re-tiring voluntarily,, selling out at a profit,opening at new locations, or enteringnew or more profitable businesses.

Second, discontinuance figures arecited as indicators of the net decrease inthe business population. This is justi-fiable only when an adjustment is made

Table 5.—Retail Trade: Business Dis-continuances, 1940-42, Compared WithBusinesses Operating in 1939, ConcernsWith One or More Employees

Ketaii ^r

Xumberof busi-nesses

o per at inin 1939 '>

Businesseslifjuidated or

transferred. .luly1940-June 1942 i

Num-ber

<>enei il men h a n d l e1 K>«1 and liquorAuiomoi i\e\pi>aicl m 1 ai ee^o

]' u ing ami d u n k n i1 "lime s* ition^\ o t . K , \\\\(T{ i \ \ ^ l l

021,413 'W 3 2 i

1 i Id!) 2 <>2Uh 9 ,1 22 r>31 , 412 (). 2l>•*W 8'»2 d 12'

127 -Oh 3. T)2

' i f , 72i ] ^ 12s

15. 210. S12.92. o1. »1

12. 3

"-ic n o t e 1, i >ble -4 p 18- C?C« l l " t ( 2. t i b R 4, 1) 18

lor the number of new enterprises enter-ing business during the same period.

Third, data on discontinuances arequoted as measures of the number offunctioning business units suspendingoperations. This also is an unwarranteduse of the data since those discontinu-ances which are associated with trans-fers to successors do not result in the lossof functioning business units.

In order that discontinuance figuresmight be somewhat more applicable tosome of these problems, in this studythese two classes—liquidations andtransfers—were distinguished. Data onthe number of firms which liquidated inthe various industrial and size groups

are presented in table 7. (The estimatednumber of businesses transferred to suc-cessors may be computed by subtractingthe number of liquidations given in table7 from the corresponding total numberof discontinuances shown in table 1.)

The total number of liquidationsdoubled during the two-year periodunder study. It is clear from a compari-son of the trends shown in tables 1 and 7that liquidations accounted for two-thirds of the total increase from mid-1940 to mid-1942. Thus, while theimpact of war increased slightly theturnover in ownership of functioningbusiness units, it greatly increased thenumber of complete liquidations.

When table 7 is related to table 1 ina percentage-wise fashion, the relativeimportance of the two types of discon-tinuances may be easily grasped. Forail concerns included in the study 45 per-cent of the discontinuances were liquida-tions. Over the two years studied, therewas an increasing trend in the propor-tion of liquidations. For example, at thebeginning of the period 43 percent ofthese discontinuances were liquidations.By the second quarter of 1942 the pro-portion had risen to 53 percent.

There were also marked differencesamong the various industrial and sizegroups. On one hand only 36 percent ofthe reported discontinuances in the serv-ice trades and 40 percent of those inretail trade were complete liquidations.On the other hand, 80 percent of the dis-continuances in contract construction

("hart 3.—-Businesses Liquidated or Transferred to Successors, July 1940—June 1942, as Percentage of Number of Firms Operating in 1939

PERCENT20 30INDUSTRIAL GROUP

ALL INDUSTRIES!/

SERVICES

MINING

CONTRACT CONSTRUCTION

TRANSPORTATION ANDOTHER PUBLIC UTILITIES

MANUFACTURING

WHOLESALE TRADE

FINANCE. INSURANCE ANDREAL ESTATE

RETAIL TRADE

SIZE GROUP

10 40

ALL FIRMSJ7

I TO 3 EMPLOYEES

4 TO 7 EMPLOYEES

8 TO 19 EMPLOYEES

20 TO 49 EMPLOYEES

50 OR MORE EMPLOYEES

1 D a t a i n c l u d e on ly firms h a v i n g (>-i«> ->i m<uv e m p l o y e e s .

S o u r c e : 1*. S. D e p a r t m e n t of <.<-.nnior<e l 'a«ed u p o n S t a t e u n e m p l o y m e n t c o m p e n s a t i o n r e c o r d s .

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November 1943 SURVEY OF CURRENT BUSINESS 19

Table 6.—Manufacturing: Business Dis-continuances, 1940-42, Compared WithBusinesses Operating in 1939, ConcernsWith Four or More Employees

Table 7.—Estimated Number of Businesses Liquidated, Concerns with One or MoreEmployees, by Industrial and Size Groups, Quarterly, 1940-42

Mumlaeturum.roup |

. i , i transferred, Julyn , ^ JOlo Jum 1 9 ^

"""•i"i|>r- > ~Ml ^DlJib, t >t'll - .

Food and kindred productTobacco ui'inulacjuresTextile-mill productsApparel and other finished J

textile products - -Lumber and timber basic

products iFuni'.tmeand finished luin- ,

her productsPaper md allied produetsPrinting and publishing

<iiid allied industries !Chemicals and allied prod-

ucts _ !Products> of petroleum md '

coal .Rubber products <Leither and leather prod-

Uf'tb.^tone, clay and jilass prod-

ucts _Iron, steel and their prod- :

nets ._Fran ^portation equ ipmen t '

(except a u t o m o b i l e ^ '\"onfeirous metalb and their

products |Kli-ctrical maehiner>Maehinerv (except elec-

trical)\ i i tomobi les and iMii'imo-

bile equ ipmen tM iseellaneous manufactur-

ing industr ies

1.041*», 179

7, 171 ; 2,1

0. 130 ' 2A

701

.2M

J U O

7." I

.0.11

.0t>8

09u

308 <

r.27 '

boo

192

30b.-519

158

o i

5 0

7 3

11 t

7 1

i l I

I!) ')

I t S

1.) •>

1 <ee note 1. table 1, p. !s- e» note 2, table \, p. Is.

involved the complete dissolution of thebusiness as a p,oing concern. Discontinu-ances in wholesale trade, transportationand other public utilities, manufacturing,and finance were about equally dividedbetween closures and successions.

The proportion of liquidations variedinversely with the size of firm both forall industrial groups combined and forthe various industrial groups. That is,as the size of firm increased the propor-tion of liquidations decreased. For every

Ml uroups, toiali 7'Miij)l'i\<»e-s M' employees>[> !9 employees . .,")0 of inc-ie i>mpli>\ ee-,

Mmitiu, total] 7 emploxee-,s P.) employ ees20 49 e m p i r e s,"o ot mole emp!"\ees

<\>ntraci con^tiuv-flon, t'»t«>lI 7 employe- sS 19 employees20 I'.) i'inpr»>(M^10 ot more vmplo ,< e-.

Man'ifii'turimr. (oi il -I 7 employees8 19 employees20 i9 I'lnjiinVTi50 .tr mon employees

Ti ui^port.ition, communications, andother public uii'Ui"S, etc., total1 7 emploveesx 19 employes20 19 employees10 or more employees

Wholesale trade, total -] 7 employes* M) employ ees20- 19 employesGO or mure employees

K.Mdll ti.idp, total1 7 employees _s 19 employes2o \\) t mpl,)\ec^."li or more employees

To.!"l ' (

. I I I

>ta\, !' 1 \ '10M l

12

1940

J.ITI.-M a i . J u i n

1941

- J • l h•ept.

O c t . ) m.Mar .

1942

\pr.June

I 2 M 1 - S 9 , 7 J O 1 1 , 3 0 0 1 2 , 1 0 7 1 1 . 1 2 * 1 3 . 2 s } 1 7 , W > 2 0 . 4 2 2 ; 2 0 , ,19 i

i 0 7 . s ! 0 \ ' 2 3 1 2 . 1 2 . 1 1 0 . 9 7 5 1 2 , 1 0 7 1 1 , 0 0 8 I I . ' 1 0 3 I s . 5 ! i | i s . 5 9 5

'.. 1 9 1

1. 17 '

' 7 0

•1\

12s310

20l i

(-17 'pi t

2,315

" 2 2 0 , 1395-. 7119 15

1.733 1.007

2.H02 2,27^1.771 ' 2 , 0 1 !

3091 1.1

T>s}503

12

1,914

8,597 1 1.111 1,231 1

292213

12

' ) s ) L

()SS

S>s

15

21011.370

1713

4 ,

1527s «i3 1 ' 3

1,731 1.371, 15)

29S

10S

37933S

31S

27010!'

71

019,117

t

2711 NTO

1,059

300

101

102M

\

4 iti215

0091732

1, 5251. 131

2S9

: \ 113

20

s-10 1.022721 1. M

73 lll'.i15 H

1 8

< - I915 ! 1.277s't.i ; 1, i3o00 11731 , 21

21.15) !,s70 2. Us 2,902 2.97i21 si)O 1 723 2,207 2, ON) 2,7-4S

1 70s no ]7s 159 1515/2 37 12 12 03

h" 9 11 15 0

. 0 " l , l , 2 l s 1, 1.13874 > l.iiOi) 1,310)

90 1 11 S.{32 M

5 1 !• 17

!. 517 2.»»s3 1.5U!, l'.Jl 2,354 1.11)9

271 > 270 jt»2

J'itnuice, i n s ina 'ue , and real est Ue, to ta l . 7. 992 72.11 7 employee^ 7 t.21 ol>i)8 19 employee*. 251 1920 19 employees _ . ' 4 710 1.1 moie eniplw\ ' \ s HO

-e^ices , total . il. 700 2, ,"9s1 7 employe-. :/2. i.'n 2,3i7s 10 employes . 1(7U 2o220 19 employes 521 5050 of n m n e m p l o y t - . 195 9

l . P My . 4

S5S 1,051SI 5 9')7

1-S 101 7

7M» 1, IU41!) 1, -5S0

42 H11

0 ' 0

9'.721

3. 555 3. 0273.207 2,810

251 10179 0115 5

3,835 i 4,201 I 5,410 [ 5,8283,528 j 3,930 j 5,018 j 5,540

223 I0123

18779

299 ; 208 !09 ! 00 !24 I 14 !

021,117

1.0)01.2.M

2 '•1 I 1

1. I l l

13?

7'M72 Jil

1. IV»1. 10 i

1 . 1

l . - ' i l3. 7^2

1.05133) J

1

0, 2305, 950

2100010

100 very small firms recorded as discon-tinuances, 45 were liquidations, whileamong firms with 50 or more employeesliquidations claimed 38 out of every 100discontinuances. In mining, the per-

centage of liquidations for firms with 1to 3 employees was 64 and for firms with50 or more employees it was 50. In retailtrade the corresponding percentageswere 41 and 20.

Revised Estimates for Sales of Retail Stores(Continued from page 14)

number of heavy shopping days, espe-cially Saturdays. Adjustment for num-ber and importance of business days wasaccomplished by assigning to each day ofthe week a weight expressed in equivalent-days. Holiday allowances are almost thesame as in the former index.

Separate numbers of equivalent dayswere used for chain and for independentstores in several kinds of business. Esti-mates of the number of equivalent daysby kinds of business were secured fromtrade associations, trade journals, andfirms reporting to the Bureau,

In addition a method was devised toindicate the relative weights of Satur-days and Sundays whether or not directinformation was available. Briefly thismethod involves the following procedure:(1) the sales estimates were adjusted,first, for trend and cycle by taking ratiosto 12-month moving totals, and second,

for seasonal variations; (2) the adjustedratio for each month was classified intoone of four groups according as themonth has four Saturdays and four Sun-days, five Saturdays and four Sundays,four Saturdays and five Sundays, or fiveSaturdays and five Sundays; (3) arith-metic means were computed for eachgroup; (4) weights for Saturday andSunday relative to the remaining days ofthe week were estimated from the fouraverages; (5) the number of businessdays was made to total either seven orsix depending on whether any substantialproportion of sales are made on Sundays.

The number of business clays in eachmonth was calculated by simply addingthe number of equivalent days for eachday of the month.

Adjustment for Seasonal Variation.

Adjustment for seasonal variation wasaccomplished by the 12-month moving

average method applied to the unad-justed indexes. The period used was 1935through 1941, and, in a number of cases,through 1942. Separate seasonal adjust-ments were made for chain and for inde-pendent stores in each kind of businesswhere separate series were used to esti-mate sales. The seasonal relatives wereadjusted to total 1,200 for each series inevery year.

In the current period, the seasonalmovements of a number of series, espe-cially the durable goods stores, clearlyhave much less amplitude than formerly.It was decided that this change wasmarked enough in 8 of the 25 kinds ofbusiness to require changes in the sea-sonal factors. In view of the short periodduring which the new factors have op-erated, only provisional figures could beobtained.

For farm implements, household ap-pliances, and chain automotive parts andaccessories stores, factors for each monthwere moved one-half of the way toward100 for January 1942 and subsequent

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20 SURVEY OF CURRENT BUSINESS November 1943

Char! 4.—Sales of Food and Beverage Stores, Adjusted for SeasonalVariation

INDEX, 1935-39 = 1003 5 0

300

250

200

150 L

100

50 H1935 1936 !937 1938

Source : V. S. Department of Commerce.

EATING AND DRINKING PLACES

1939 1940 1941 1942 1943D.D. 43-599

months. For independent building ma-terials dealers and hardware stores, fac-tors were moved one-fourth of the waytoward 100 in and after January 1941.The seasonal for motor vehicles has beendistorted by the absence of new cars. Inthis case, the seasonal factors for 1942and 1943 were obtained by moving thoseof earlier years halfway toward the 1942factors for filling stations. The Decem-ber factor for jewelry stores was loweredin favor of October and November. Theonly change among the nondurable goods

stores was the movement halfwaytowards 100 for fuel and ice dealers effec-tive in the middle of 1941.

A further correction was made to ad-just for the shifting date of Easter inthose kinds of business 4 affected greatlyby sales of apparel. The following pro-cedure was used: (1) the ratio to the 12-month moving total of the unadjustedsales indexes was computed for eachMarch and April; (2) these ratios wereaveraged for March and for April: (3)the deviations from the March average

in the entire record year of 1920. Itmay be seen from the constant dollarindex in table 4 that the volume of goodsexported in the first 9 months of 1943 isabout 47 percent greater than the volumeof exports in the corresponding periodof 1942 and 75 percent greater than theamount exported during all of 1920.

Analysis of the composition of the ex-port trade in the first 6 months of 1942and 1943 reveals no startling reversal oftrends. Indeed the changes taking placemay be considered a good index of theincreased synchronization of the UnitedStates war program with the total wareffort of the United Nations. Finishedmanufactures are to an increasing extentthe largest single class of exports andreflect the increased share representedby munitions exports.

As far as the method of financing ourexport trade is concerned, it- is evidentthat lend-lease not only supplies thechief means of financing the transactionsbut constitutes a position of growing im-portance in the export trade. Duringthe first half of 1942, 52 percent of ex-ports was financed in this way, while inthe same period of 1943, lend-lease goods

The Business Situation(Continued from page 5)

made up 77 percent of the value of ex-ports. Meanwhile privately financed ex-ports declined not only relatively butabsolutely from 1,659 million dollars inthe first half of 1942 to 1,244 millions inthe first 6 months of 1943.

Recent improvement in the UnitedStates import volume reflects in part therecapture of control of the sealanes re-sulting from the North African victory,the increasing trend of conquest of thesubmarine, and allied victories in thePacific. Despite a September decline ofslightly more than 30 million dollarsfrom the August peak, third quarter im-port values totaling almost 900 milliondollars are 6 percent above second quar-ter imports and approximately 25 per-cent above those of the first quarter.During the first 9 months of the year,imports totaled almost 2.5 billion dollars,representing an increase of 22 percentover the import level reached during thecorresponding period of 1942. Changesin import values computed in constant1941 dollars suggest that for the periodsunder consideration, 1943 imports are 14percent higher than in 1942. This im-provement in current import quantities

were subtracted from the correspondingdeviations from the April average; (4)the differences were plotted for each yearagainst the date of Easter; (5) a curvewas drawn through the plotted points5;(6) the differences, read from the curvefor each year were multiplied by 6 be-cause ratios are to 12-month movingtotals, and the results were added to theApril seasonal factor and subtractedfrom the March factor for each year.Combinations of Sales and Indexes.

The dollar sales of all retail stores wereobtained simply by adding the sales foreach kind of business. Unadjusted andadjusted indexes were combined throughthe use of base year weights (1935-39 —100) for durable and nondurable goodsstores. The indexes of sales of all retailstores were obtained through the weight-ing of these two subgroups.

In addition to the estimates shown intables 5 and 6, dollar sales adjusted forseasonal variations have been computed.These estimates by kinds of business werecomputed by applying the seasonally ad-justed indexes to the monthly averagefor the base period. Adjustments weremade to bring the annual totals of theseasonally adjusted dollar sales to equal-ity with totals for the unadjusted dollarsales.

" 4A11 four kinds of business in the apparelgroups and all kinds in the general mer-chandise group except general (includinggeneral merchandise) stores with food andmail order sales in department stores.Separate Easter adjustments were made forchain and for independent stores whereseparate monthly series were used,

5 This curve was not the straight line some-times fitted which, in the opinion of theauthors, has little theoretical justification.The curve used was a horizontal line for alldays in March, has a cusp on April 1, andthereafter had a positive slope concave down-ward until it became practically horizontalafter April 20.

to some extent offsets the 30 percent de-cline in the volume of imports from 1941to 1942.

One of the most significant develop-ments in import trade during the waryears has been the increasing flow ofimports into this country from otherAmerican Republics. The excess, forthat area, of imports over exports dur-ing the first half of 1943 is over 100 per-cent greater than the import surplus inthe entire year of 1941. Thus it is evi-dent that our American neighbors aresupplying us with many of those strate-gic materials whose sources of supplywere cut off as a result of the war.

It appears from the current trends offoreign trade that, for the entire year of1943, the value of exports will be about13 billion dollars while imports will beapproximately 3% billions. This wouldindicate an excess of merchandise ex-ports in 1943 of between 9 and 10 billiondollars. This export margin, instead ofbeing a balance in the normal sense ofprivately financed foreign trade is pri-marily the United States' contributionthrough lend-lease to the war effort of.the United Nations,

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Page 23: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

November 1943 SURVEY OF CURRENT BUSINESS S-l

Monthly Business StatisticsThe data here are a continuation of the statistics published in the 1942 Supplement to the SURVEY OF CURRENT BUSINESS. That

volume contains monthly data for the years 1938 to 1941, and monthly averages for earlier years back to 1913 insofar as available; italso provides a description of each series and references to sources of monthly figures prior to 1938. Series added or revised since publica-tion of the 1942 Supplement are indicated by an asterisk (*) and a dagger (t), respectively, the accompanying footnote indicating wherehistorical data and a descriptive note may be found. The terms "unadjusted" and "adjusted" used to designate index numbers referto adjustment of monthly figures for seasonal variation.

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

Monthly statistics through December1941, together with explanatory notesand references to the sources of thedata, may he found in the 1942 Sup-plement to the Survey

1943

bep-teraber

1942

August Sep-tember

Octo-ber

Novem*ber

Decem-ber

1943

Janu-ary

Febru-ary March I April May

BUSINESS INDEXES

June July August

INCOME PAYMENTS f

Indexes, adjusted:Total income payments _. 1935-39 = 100.-

Salaries and wages doTotal nonagricultural income. . . . do

Total _ mil. of doL.Salaries and wages:

Total § doCommodity-producing industries, doWork-relief wages do - . . |

Direct and other relief . - do [Social-security benefits and other labor in- j

come mil. of doL _ jDividends and interest do jEntrepreneurial income and net rents and |

royalties ..mil. of dol j v 2,555Total nonagricultural income do p 10,901

v 215. 7P241.7p 210.8

p\2, 545

p 8, 680P 4, 051

0

p 980

FARM MARKETINGS AND INCOME

Farm marketings, volume:*Indexes, unadjusted:

Total farm marketings -1935 39 = 100,Crops . _doLivestock and products do

Indexes, adjusted:Total farm marketings do

Crops... . _ doLivestock and products do

Cash farm income, total, including Govern-ment payments*. mil. of doL.

Income from marketings* doIndexes of cash income from marketings: |

Crops and livestock, combined index:U nad j listed 1935-39 -100 .Adjusted do . .

Crops do _Livestock and products... do ....

Dairy products do _Meat animals . doPoultry and eggs do

INDUSTRIAL PRODUCTION(Federal Reserve)

Unadjusted, combined index! - 1935-39-100Manufactures!. . . __ . . d>

Durable manufacturesf - - - '!'Iron and si eeli . . . . . . . dLumber and products]- _ . _ d<

Furniture! - - d<Lumbert . . . . . d<

Machinery f - d<Nonferrous metals and products! d<

Fabricating* . . . . d<Smelthm and refining* _ d<

Stone, clay, and ulass products! doCementClay products*(ilass containers

Transportation equipment! . .Automobilesf _ .

Nondurable manufactuu'st .Alcoholic beverages .Chemicalsf .

Industiial chemicals*. . . .

p 158p 181p 140

p 131v 115v 144

° 2,000» 1,943

P 292. 5° 243. 00 252. 0D 237. 0B 189.a 259.5f 271.5

i 260p 36s

213P 136i 1 isv 130' 140

/• 132200

' 391P 3S5

176.2 i193.2 j172.6 I9,547

6,8633.334

35

164437

1,9978,412

138 i154 !126 |

127 i117134

1,4351,412

212.5204. 5209. 5201.5164.0234. 0187. 0

207219291197

35b21621921017119515116b50blt)5H.li 10292292

178.4195.8174.5

10,450

7,0833,414 |

30 I85 !

|176894

2,212 I9,092 I

165211130

132 I130134 !

1.753!1,726

260. 0207. 5222.5197.5166.0227. 0181.0

30010913913H1393652232272U171200US107539

HO299292

183.0201. 7178.9

10,836 I

7, 3963, 528

2685

175

2, 4289, 266

178221145

130128 I132 I

295.5 !211.0 I225.0 !201.5 I167.5 !230.0 i194.0 !

218233312207140H5137•isO230231

176202151lt.S

317301

189.2208.8 i184.2 !

10,680 I

7,5683, 598

2484

174522

2, 3329, 243

157 |178 I1,41 I

141 !152 !133 ;

193.4213.9 i187.9 I

11,608 i

7,748 '3,627

2384

1801,419

2, 17710,354

2,015 I 1,8251,962 I L764

265. 5224. 0248. 5208. 0168.0239. 0204.0

22023*',319201130l\21233<)22392!023S175ISO!50171600

103331310

144153138 I

141 !144 |139

1,5711,499

225. 5 I226.5 j237.5 I219.0;177.0 I249.5 i233.5 !

22123 9

20012014610'i107 !2 U '2132121691501191606)30191I MS91

310319

196.5 I 200.6218.6 j 222.4191.9 | 194.8

10,819 10,499

7, 725 7,8453,598 3,665

19 | 1583 I 81

195781

2.0359, 733

117 !112 !121 i

127 I127127

1,3611,261

190.0224. 0237. 0215.0170. 0222.5286. 0

223212331201112142 ,'Hi

117250251211170139

19s!6s

351332

199442

1,9329, 514

10284

116

129121 !134 I

1.2051,126 !

169.5 I239. 5 \245.5 i235.5 I183.0 I260.0 |271.5 !

2292173122l )81191 17101120

1.571M

20 <1711103(>2332

204. 4225. 0197. 0

11,261

8,0013, 743

1178

210907

2, 06510,143

11585

137

140137141

1.4021,310

197.0260. 5273. 0252.5189. 0274. 0319. 5

23225135021012311911043t

121131is.t>92201171105372311

207. 3228.6200.1

11,240

8,1273,803

215753

2,06810,120

11471

147

136128 I141

1,3871, 322

199.0261.0272.0254. 0202. 0284. 0276. 5

235255356209130119120111

26217212s13S19171s206173!07

208. 7230.7201.911,138

8,2453,875

476

224486

2,1079, 964

12175156

211.3234.6204, 912,161

8, 4053,938

2311,354

2, 09410, 984

11666154 ,

213. 1237. 3207.011,748

8, 3673,974

0

234855

2,21510, 440

1 3 2 '•114 i145 i

' 215. 5239. 2

' 208.6"11,677

r 8,466r 4,018

0

r 240466

* 2, 428• 10,159

149161140

1.1,

139130147

440400

11

135117149

408384

11

136118150

579544

T 1 ,r 1,

141126152

850772

210.5 ;258.0 |264.5 I253.5 I204.5 i282.0275.5 I

'•\~)8 1

36020S136

117130113

2hl2711M)13713621 172S2111751063s<)350

208. 5256.0 I248.0261.5202.5 I299.5 \275.5 I

2382593592011351 is12SHI261260275177136137197713215177127396

232.5 !255. 5263. 0251.0202. 0280. 0271. 0

266. 5265, 5281.5255.0

r 197.0290. 0277. 5

' Prehmmarv • Revised. Revisions in the 1911 fmurcs lor iron and steel will be published in a subsequent issue.The total includes daf a for d i s t r ibu tee and ser\ ice industrii s and go\einmeni w hieh h<i\e been discontinued as separate series to avoid disclosure of military \

v New series. For a dcsciiption of the index< s of the volume ol far in market hies and figines beginning 1929. see pp. 23 32 of ihe April 1913 Survev . 1 >ata beginidollar figures on cash faun income are shown on p. 28ception of the clay products scries, aie shown in table 11

t Revised ^eties. Data on income payments revised 1rev ised in the August 1913 Survey; see note marked "f"have been coniplet* lv re\ ised: data bi ginnnm 1913 are ^habout b> the expansion of the military pro.iiam; new serie

if the May 1913 Survey. Data for 1911 and all months oi 1912 for the new series under industrial produetioi•m p. 8 of the October 1913 Survey.•m'nuing January 1939; for fiuuies'for 1939 41. see p. 27, table 1. of the March 1913 Survey; the 191

S f h f i i fi f th f i t 5 h f 19 Th i d f h i

211259361203

1 IS12S'138205261276173\\\1321957">42201771263'»7 .i<»9372 3S2

>ay rol ls .ing 1913 for t h ei , w i t h t h e ex-

2633662«'9

1 H)141266

: 79r.»92 35210765232179122

g y ; pp. S-l of that 1 sue for revisions in figures f< r tho first 5 months of 1912.

n o n p. 28 of the May 19!''. Surv y . The industiial product on indexes h

yThe indexes of cash ii

been re\ ised to takep y y pweie introduced into the index, and a ntimbei of series re\ ;sed; in a<l lit ion. seasonal factors

R e v i s e d u n a d j u s t e d indexes for I h e i n d i c a t e d ser ies , a n d also ad. i t is ted i n d e x e s for t o t a l i n d u s t r i a l p r o d u c t i o n , t o t a l m a n u f a c t u r e s , a n d d u t a b l e a n d IKs h o w n lor 1911 a n d 1942 in t a b l e 11 on p . 8 of t h e O c t o b e r 1913 Surve .v ; t h e t e w s i o n s a>e e x p l a i n e d in t h e a c c o r n p a n v my t e x t . R e v i s i o n s , m ueue ra l , h e a a u w i t h l'»39 b u t , «»vt h e (hemicals u i o u p , d i d not alTeet t h - a n n u a l i ndexes lor t h a t v . ' a i . all lev isjons w ill be p u b l i s h e d in a s u b s e q u e n t issu.-.

mires for n

f o u n t of c h a n grev i sed w h e r e

lurabl*1 m a n

tiost i t ems vveroketinirs

•essary.res, aro•ept for

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Page 24: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

S-2 SURVEY OF CURRENT BUSINESS November 1943

Mont lily stat ist ics through- December1941, together with explanatory notesand references to the sources of theda ta , may he found in the 1942 Sup-plement to the Survey

1943

Sep-tember

1942 1943

August Sep-tember

Octo-ber

I Novem-, D e e m -! bor ! b<r

J a n a - j| March j April j May June j July j August

BUSINESS INDEXES-Continued

I N D U S T R I A L P R O D U C T I O N - C o n .

Unadjusted—Continued.Manufactures—Continued.

Nondurable manufactures—Continued.Leather and productst 1935-39 = 100__: v 109

Leather tanning* do ' „Shoes. d o . . . . : p 113

Manufactured food productsf do ; P i(>7Dairy products % do 'Meat packing do p 164Processed fruits and vegetables*, do : p 259

Paper and products! do 'Paper and pulpt - - - -do •. .

Petroleum and coal productsf do j v 200Coke do. _._ I 171Petroleum refmingf . . . . d o . ! p 205

Printing and publishing,. _ . . . d o , . . . j p 112Rubber products ...- _._.do 1 p 226Textiles and products! do j p 150

Cotton consumption . -do | p 150Rayon deliveries do I 181Wool textile p r o d u c t i o n . . . . do ]____

Tobacco products do } 141Minerals! . . . . . . . d o . . . I P 144

Fuelst . . . d o . . . | v 141Anthracite!..- . . . --do I v 129Bituminous coalf . . do j P 155Crude petroleum do.. . . \ v 137

Metals . . . do j v 163

Adjusted, combined indexf do i v 243Manufactures . .do j v 202

Durable manufactures . _ . . - . . - do . . . -Lumber and products . d o . . .

Lumber . . - d o . . .Nonferrous metals . . . . d oStone, clay, and glass p roduc t s . . _do . . . .

Cemen t _. . _ _ . . . - . do 1

p 307v ]28v 118p ?67

Clay products* . do ! v 128Glass containers . .do | 196

Nondurable manufactures . . . . d o ? 177A lcoh olic beverages d o . . . L.Chemicals '. . do j p 394Leather and products . d o . , , j 3=110

Leather tanning* . . do.. . . . • .Manufactured food products do j v 144

Dairy products doMeatpack ing do i p 183Processed fruits and vegetables*- do j v 120

Paper and products d o . . . .Paper and pulp do

Petroleum and coal p roduc t s - . . . . do j P 200Petroleum refining . do J P 205

Printing and publishing do I P 111Textiles and products do p 150Tobacco products . do 134

Minerals _._ - . . _.do P 139Metals _ . . . . . _ --do p 120

B U S I N E S S I N V E N T O R I E S . O R D E R S ,AND S H I P M E N T S I

Estimated value of business inventories:* jTotal , -_. mil, of dol. _

Manufacturers doRetailers_ do 6, 248Wholesalers do 3, 893

Indexes of manufacturers' orders, shipments,and inventories:

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

Iron and steel and their prod do |Electrical machinery do \Other machinery do jOther durable goods.__. do j

Nondurable goods do jShipments, total avg. month 1939 = 100.-1

Durable goods . do jAutomobiles and equipment do !Iron and steel and their prod. . . . . do ''Nonferrous metals and prod.* do j _ _ _.Electrical machinery. . do j___Other machinery do ITransportation equipment (except j

automobiles) do !Other durable goodsf.._ - . . . . do !

Nondurable goods do |Chemicals and allied products do jFood and kindred products do IPaper and allied products do . - . JPetroleum refining ..do jRubber products do jTextile-mill products do iOther nondurable goods. - . do !

118120117150184132205129131148165145102177155169169154135136126118140121194

204217290

134132216

163172147161158 j129 I295 I119 '122135144151125129131148145108155131130152

29, 09417,392

7, 3574,345

233334

•222491 I421 \377 i167 I212270 ;

184215 j

212 !208 j312 I

]1,466 !

187 i167 I171 !178 i131 j135 i179 !191 i154 !

115120112163156147285132133153166149109180157171170155144137129129150120184

299130126223163173143164161138298116122137148162123132133151149108157135131145

29,03417,439

7, 3504,245

264390250 I411 !358 j636 j183 |224 |283 i194 !216 j228 |286 |322 |

.,579 !200 !

177 I187 !187 !136 !140 |205 I197 !165 !

120 ,

115 '147 •126

15713813915 1166153

101 ,159 '172 !174 •160 i149 S134127 i117 I145 I121 i176 |

215 !230 I311133127230167174143163165123314119126137152145123138139154153117159140129140

28, 85117,5477,275 :4,029

266 j387 |

413 j387 |643 I188 ;

228 :

289 '207 i212 I236 !

317 !333 |

1,578 \197 |181 !182 :190 |146 i138207203173

119130111141107166112137137157166155121200159171177161141132130124154121143

220236319132 !126 \230 !170 !172 !144 !170 I

\?A330 |117125140Ki149122137137157155116l.V'138

28. 72817,6827,0903,956

279415264586381619192232300223214246351337

1,692191179183185143154214202171

116 !125110 I139

1869513213215616615511421215716317816313711912610514312179

223240328130122242173171144172169111344117126143145156122133132156155111157146127133

28, 02817,6526,3843,992 S

361233353361574187240320240239262408351

1, 775181178185184144139 i222 :204166

123130118131J»S717179135135158166157111215158171ISO15413211912110214511888

227245336123113250180171148191171105355123130141

P 131143121135135158157115158132125130

27,78317,6766,1163,991 i

247364258346315587172226298231205230369322

1,797179169193178138135 |241 I191 l

140

126137119127f 9914776140140165169164115218 !162 i171 |181 i166 I122 !12513112915712190

23225034412711725?178 |166 !144 i189174121361123127141

P 134154121140139165164116162128131131

27,41117, 4405, 9454,026

275405315437315617191255337250225262446364

2,100197192210200152139280 !

216170 !

117 !119 |115128 !

p 115 i140 i67 i141 I139166169166114222158166181163123

13312816112290

235253351129119256175154142185174112370117120142

P137151122141139166166112158129133131

27, 54317,3866,1064,051

284433

319363622188249330238227255415354

2,042201185210185155148271213165

u s i121 j117128 :

P 1 4 3

13675141139171169171116

157166181157125127131129151124105

237256356130121257175135142194175104382119122141

*• 137147124141138171171113157132131130

27 36217, 4335,9353, 994

280409301406362 i629 '197253 I338 |262 !224 !269 '450354 ;

2,063204 :186 ;211 :179159 i161 i277 I202177

US122115135

P171

16279142140173166174114224159169185158123132129124143

238258359133 i126

130136 |200 i176 !96 I389118122141

P 129162121142140173174112159123129129

267389312 !341294619189247338279 !224259426353 :

2,057201 !177 ;199173160 :162 i292 ;195149

113112114141

P 2 0 3

15891140137177157180111230155160183160128121 I115

103 I124159

236 !258 !358 i128 j118 !264175127139 !199 !177 |106 i399 !114 i114141

v 139159119140136177180112155124117128

27, 409 i 27,02917.460 ' 17,3185,947 j 5,8294,002 | 3,882

306484341943370026192254343295224248436363

2,068205185208185 ;

163167 :292205 ;

154

lie

112152

r 206170

131

16218510122')

14013 112''

23925S

20617311W13220",17i.]•)••»

40111211114.-i

P U3

\\213"133

11114*13113412s

' 27. 123' 17,391T 5, 904r 3, 828

r 272r420 i'306r 496r408 :r 599 :r 176 ir249 ;r340318

r 222f 247'449r 353 !

' 2, 107r 200'173r 200'172r 155r 1712S5 •

r 176'146

11010511315S

v 179154213141139192169195109

145147177150140141137128

131P 164

242261365130119267173114132202177111403110106144

p 140p 182126142139192195114145136135

6, 1253,877

4063114S6333591191258354329229249453361

!, 16020118321418216017427019015(5

r Revised. p P re l imina ry . J D a t a revised as follows: Mine ra l s and fuels, 1940-41; b i t u m i n o u s coal, 1939-41; a n t h r a c i t e , 1941; da i ry p roduc t s , beg inning 1940.* N e w series. A n n u a l indexes for 1941 and 1942 and unad jus ted indexes for all m o n t h s of 1942 for the new series u n d e r indus t r ia l p roduct ion are shown in table 11 on p . 8 of the

October 1943 Survey . D a t a for sh ipmen t s of nonferrous meta l s and their p roduc t s were included in "o the r durable goods ," as shown in t h e Su rvey prior to the M a y 1943 issue; revisedda ta for the la t ter series and indexes for nonferrous meta l s , beginning J a n u a r y 1939, are available on request ; for business inven to r ies beg inn ing 1938, see p . 7 of J u n e 1942 Survey .

f Revised series. T h e indicated unad jus ted indexes and all seasonally adjusted indexes shown above for the indus t r ia l p roduc t ion series have been revised for a recent period.(See note m a r k e d "f" on page S-l.) Seasonal ad ju s tmen t factors for a n u m b e r of indust r ies included in the indust r ia l p roduc t ion series shown in the Survey have been fixed at 100beginning var ious m o n t h s from J a n u a r y 1939 to J u l y 1942; d a t a for these industr ies are shown only in the unadjus ted series as t he " a d j u s t e d " indexes are the same as the unad jus t ed .Indexes for "o the r durab le goods" u n d e r manufac tu re r s ' s h ipmen t s are shown on a revised basis beginning in the M a y 1943 Survey ; see note marked "*" .

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Page 25: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

November 1943 SURVEY OF CURRENT BUSINESS S-3

1943Monthly statist ics tlirougli December

1941, together with explanatory notes£in<i references to the sources of the ida ta , may be found in the 1942 Sup- I Sep-plement to the Survey | tcniber

1912 1943

BUSINESS INVENTORIES, ORDERS, !A.ND SHIPMEINTh-Continued

Indovf of inanuf'H tutcis' oideib, shipments,«ifnl lmontoius— Continued.

I im nloiies, tor \l . d\u. month 19.39 MiODinabh 2O( ds ._ . d<> !

Automobiles and equipment _ . dolion and Med and their piod do\onfc nous imt'ih* and piou.* _ doKkctiual machinery. . . doOthei mac hmei \ doTton-poi tat'on equipnu nt "\<ept aui«>- ,

mobiles) _ . a\y. month 1939 - iOOOther dutablt iroodai _ . . do

}s (endurable ST od-. . doChemicals and allied piodiu ts doFood and kindicd prodin ii>_ do .Piper and allud piodiu ts . d<> >Petroleum lefunng . do. . . 'Rubber pioduits .. ._ . ,do . _'.Fextik-mill pioduits do JOihei riondirdbU'u<M»ds - a«">

BUSINESS INDEXFS- Cominucd

2..'9 9\U 3 f

m. :,299 0201 6 |

8:2 8121- 515 L 8 ,K<4. 4 jj Vi 2l U t i111 2171 v '159 5 .101 3

175 4

Io4 1 !156 ,-j '307.1 i207 2

121 u '153 i :lhl.O |1> 0154 0109 f)

L'li, 1

y J i. 212* 'J152 iIV) 5 !

l-.l 2 ,

172 7i;r> i1'lil 1

1 . 7 '•20 r 72 H I137 4152 332 > i21 < U

•)7- "i 01 2 . »»1 5 1 s1 " . 1l !»> 1ii*. r,107 2171 1

177210

1'.'•15!

1,02" 8 ,122 2 j] 19 2

loV 2144 0

1.'.) ?*

171 6

147 2

l r>7 4

L77 8211.32.^ S1 13 21".7 3 <127 0

1.0 } 7lr» 71 IS. 6l""i 4 '

172\\7

17."2o<)

l.M) 13 5: (i

22, '

,0.^1 0117 014") ()l o t 7117 3 |140 71(«» 717" 9142 2

174. 9210. 7247. 3129.0140. 6341.9

175.4 !213.5 i251.2 |130.3 |149. 2 |350.4 i

225.5 j 227.4

1,053. 1116.6143. 6152. 4145. 2139.3106.0181.0 |140.0154.8

1,087.9115. 1 !142.1 !149.1 |146.0 |138.6 !104.3 !185.2 ]

140.2 i149.6 i

175.7213. 5245. 7132. 1148. 2354. 3226. 8

1.088.9113.4142. 6149.0149. 5136.9103. 8188. 0141. 8147.2

174.2 :212.5 i238. 1 I132.5 I150.9358.5 ]

222.7 |

,085.7 :112.4140.8149.0149. 8135.4 ]102.6 I180.1 I139.4 !143.0

August

r 175.0r 211.4<• 235. 5' 134. 8' 153. 8 jr 362. 8 !r 218.9 |

•1,052.0 !r 110. 8 !r 143.1 |•• 151.5 !r 100. 8 j'" 134.9r 102,4

175. 8' 136.5' 142.6

176,. 8213.4230, 7137.2154. 2366. 8219. 8

1,079.4111.2144.8153. 9168. 9135. 3102. 5172.8133. 6142. 2

COMMODITY PRICES

COST O F LIVING

National Industrial Conference Board:Combined index 1923 = 100. -

Clothing .doFood doFuel and light.. doHousing doSundries .. . do

U. S. Department of Labor: %Combined hide x 1935-39 = 100...

Clothing _ . . ..doFood . . _do. . .Fuel, electricity, and ice . doIlousefurnishings doKent . d o . . . .Miscellaneous do

103.189.8

112.092. 690. 8

107. 4

P R I C E S RECEIVED BY F A R M E R S §

U . S . Department of Agriculture:Combined index 1909-14 = 100 -

Chickens and eggs . do....Cotton and cottonseed doDairy products. do....Fruits - -. - do.._-Grains d o . . .Meat animals do_._Truck crops d o . . .M iscellaneous d o . . .

123 9132. 5137107126108117

47300

117125126106123108

521200

111.1

193201171

204158207311205

R E T A I L P R I C E S

U. S. Department of Commerce:All commodities, index* . 1935-39 = 100

U. S. Department of Labor Indexes:Anthracite 1923-25 = 100Bituminous coal doFood, combined index 1935-39 = 100

Cereals and bakery products* _do._...Dairy products* do _Fruits and vegetables* do.....Meats* . . . . . _.. do

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

Apparel:Infants' _ d oMen's doWomen's do

Home furnishings . . . doPiece goods do

W H O L E S A L E P R I C E S

V. S. Department of Labor indexes:Combined index (889 series) 1926-= 100

Economic classes:Manufactured products _ _ _doKaw materials doSemimanufactured articles ... do._.-

Farm products d o . . . -Grains doLivestock and poultry . .do

137. 4108. 2133. 6167.0129. 9

113.1

108. 1105. 3113.1115.5112.2

P103.1

*99.9112.492.9

123. 1119. 7130.2

98.188,2101.189.590. 8104.8

98.8 I88.4 I

102.8 |90.5 !90.8 !

104,6 |

117.8 i125.8 I126.6 j106. 2 |123.6 !108.0 !111.4 I

163156151151126115200256173

126.0

88.896. 9

126.1105.3125.8133.1129.5

113.1

108.0105. 2112. 7115.5112.3

99. 2

98.9101.292.7

106.189.8

122, 6

99 Sbs 5

•05 590 b•JO ^

10") 3

119 012" 9

10M 2

10s 0111 S

lOf 490 6W 8

106 2

119 s12" 9HI 110*. 2125 7ION 0ni ~

101.1ss 6

90. 690. s

106.2

120.4i2.".'J132. 710'). 3123.7 'L(K 0112. >

101.588. 6

108. 892.1 I90.8 !

106.4 !

120.7 !126.0 |133.0 I107.3 !123.8108.0113. 2 :

101.988.6

110.092.390. 8

106.5 I

121.0 !126.2 ;133.6 !107.2 :124.1 !108.0 !113.6 I

103. 088.6

112,892.490.8

106. 5

122.8127,6137.4107. 4124. 5108. 0114. 5

104. 088.6

115.492. 590. 8

106, 5

124.1127.9140. 6107.5124.8105. 0114.9

104.288. 5

115.892.690.8

106. 7

125.1127.9143. 0107.6125.1108.0115.3

104. 388.6

115.892. 590.8

107.1

103.188.9

112.492.590. 8

107. 2

102. 889. 3

111.492. 690. 8

107.3

124.8 |127.9 !141.9 !107.7 |125.4 !108.0 i115.7 j

r 123.

M29.139.

r 107.r 125.

Mil)

9I06601

' 123.r 129137.

' 107.r 125.108.

r 116.

4627905

163166156156129119195191172

126. 4

88.897.0126. 6105. 4127,7129. 7130.6

113.1

108. 0105. 2112.7115.5112.2

99. 6

99.2102. 292. 9107. 893. 6122. 1

169173158165134117200226185

127. 7

88.997.0129.6105. 7131.2137. 1131.2

113.1

108. 0105. 3112.6115.5112.2

100. 0

99,4103.092.7109.091.5123. I

161* 17s 182!7^ 183 185160 162 164171 175 177127 151 139117 121 134107 19f, 2052 > 2<*3 2771M 211 217

128. b ; 129.6 : 130.0

88.9 1 88.9 1 93.497. 1 ! 97. 2 ! 97. 9131.1 ! 132.7 1 133.0105.7 ! 105.8 i 105.9131.8 ; 132.3 ! 134.2141.5 ; 14(16 1 144.1131.9 I 133.2 : 134,7

113. 1 | 113. 1 113.1

108.0 | 108. 1 • 108. 1105.3 ! 105.3 | 105.3112,5 1 112.6 ! 112.6115.5 ! 115.5 ! 115.51.12.2 | 112.2 i 112.2

100.3 101.0 101.9

99. 4 ! 99, 6 i 100. 1103. 9 i 106. 1 1 108 292.6 ' 92.5 i 92.8110.5 113.8 ! 117.092. S 100.7 ! 107.3121.3 123.9 . 129.2

178170163179150138214301158

130. 4

93. 598.4133. 6106. 5135.9148. 9136. 1

113.1

108. 1105.3112.6115.5112.2

102.5

100. 3109. 692. 9119.0108.6132.8

182171166180172143218302163

132. 4

93.499. 8137.4107. 0137. 0164. 9137.3

113. 2

108.1105. 3112.7115.5112.2

103.4

100. 5112.093. 0122.8

112. 2135 7

185173167180189146218291176

133. 9

93. 5100.1140. 6107. 5137.1179.5138.0

113.2

108.1105. 3112.7115.5112.2

103. 7

100. 6112.893. 1123.9112.5134.0

187175167179212148214253196

135, 0

93.6101.4143. 0107. 6136.9190.8138. 3

113.0

108. 1105. 3112.6115.5112.2

104.1

100. 7114.093.0125. 7113. 1130. 5

190179166178234151211308194

134. 7

93. 5101.4141.9107.5133. 7187.8138.3

113.0

108. 1105. 3112. 7115.5112.2

103. 8

100. 1114. 392. S126.2113.8128.6

!S3 'K-317>S230154206315190

133.9

93. 3101. 5139. 0107.8133.4180.5130. 9

113.0

108. 1105. 3112.7115.5112.2

103. 2

99.6; 113.6

92. 8125.0116.0127.6

193193167181204155206308220

133.4

93. 3101.7137. 2108. 1133.4169. 8129, 7

113. 1

108. 1105. 3113.0115.5112.2

P 103. I

v 99. 7' 112.7

92 9i 123. 5116.8

: 129.:

r> Preliminary r Revised.§ Data for Oct. 15. 1943: Total, 192: chickens and egiTs, 212: cotton and cottonseed. 171; dairy products. 187; fruits. 197; t ra ins 162; meat animals. 203: truck crops, 264; miscellaneous,

208. •t See note marked " $ " on p. S-3 of the July 1943 Survey in regard to revisions incorporated in the indexes beginning March 1943. Rents, which are subject to control in all cities

covered by monthly reports, vary little in most areas and data are now collected only at quarterly pricing periods* New series. Data for inventories of nonferrous metals and their products were included in "other durable goods" as shown in the Survey prior to the May 1913 issue; revised

figures for the latter scries and data for nonferrous metals, beginning December 1938, are available on request. For data rvginning January 1939 for the department of Commerceindex of retail prices of all commodities and a description of the series, see p. 28 of the Augi^r, 1913 Sun ey. Earlier data for the indexes of retail prices for the food subgroups will beshown in a subsequent issue; the combined index for foods, which is the same as the food index under cost of living above, includes other food groups not shown separately.

t Revised series. Data shown on a revised basis beginning with the May 1943 Survey, See note marked "* . "

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Page 26: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

S-4 SURVEY OF CURRENT BUSINESS November 1943

Monthly statistics through December1941, together with explanatory notesand references to the sources of thedata, may he found in the 1942 Sup-plement to the Survey

1942

Sep- Octo- Novera- Decem-tember ber ! ber ber

1943

March April j May i June | July | August

COMMODITY PRICES—Continued

WHOLESALE PRICES—Continued j

IT. S. Department of Labor indexes—Con. jCommodities other than farm products

1926 = 100. _'Foods - do. . . .

Cereal products.. .._..._ doDairy products - doFruits and vegetables.--. doMeats.- _ do

Commodities other than farm productsand foods 1926=100..

Building materials doBrick and t i l e . . . . . do . . . .Cement _. _. . doLura ber doPaint and paint materials do

Chemicals and allied products....doChemicals.._.. . . . . . . do. ...Drugs and Pharmaceuticals doFertilizer materials doOils and fats do

Fuel and lighting materials doElectricity... . . . . . doGas.... - doPetroleum products do

Hides and leather products . . . . .do . . . .Hides and skins. doLeather _. _ doShoes do

Housefurnishing goods doFurnishings.. „ doFurniture.. do

Metals and metal products doIron and steel.... . . doMetals, nonferrous doPlumbing and heating equip-

ment . . _.. 1926= 100..Textile products........ do

Clothing doCotton goods doHosiery and underwear.-, ...doRayon. _. . doWoolen and worsted goods. - do

M iscellaneous . doAutomobile tires and tubes do.. -.Paper and pulp... do

Wholesale prices, actual. (See under respectivecommodities.)

PURCHASING POWER OF THEDOLLAR

As measured by—Wholesale prices 1935-39= 100..Cost of living . . . . . . . do . ._Retail food prices , ..doPrices received by farmers . _do

105.094.4108. 9110.7106.0

P97. 2112.599.093.6142102. 6100. 396 5165. 280. 6102. 081. 0

117.8116.0101.3126, 4102, 6107.198. 1

P103.797.186.0

90.297.5

107.0112.970. 530. 3

112.593.073. 0

.105. 6

78.180.772.754.4

97.5 |100.8 |87.8 |

100.2 j98.0

115.2 |

95.6110.398.794.2

133.0100.196.296. 3

129 073.3

101.679.062. 280.460. 7

118.2118.8101.3126. 4102. 7107.997.4103.897.285.6

94.197.3

107.2112.969,730. 3

111.788.973. 098.9

81.1 i85.1 l

79.264.4 :

97.7 i102.4 !89.1 !

105.5 ;97.5 j

116.0 |

95.5 ;110.4 !98.7 |94.2 I

133.2 j100.4 j96.296. 3

128.978 2

101.579.062.681.1 |60.6

118.1 !118.0 I101.3126.4 !102 5 1107.4 |97.4 !

103.8 ;

97. 2 i86,0 ;

94. 1 i97. 1 j

107.0 !112.7 )69.7 S30.3 j

111.7 i88.8 |73.0 !98.8 !

80.8 :84.878.964.4

97.9103. 489.3

109.298.2

115.5

95.5110.498.794.2

133. 3101.096. 296. 2

128. 8 I78.3 |

101.5 i79.0 |61.9 |79.2 !60.6 |

117.8 I116.0 !101.3126. 4102.5107.397. 4

103. 897. 286.0

94. 197.1

107. 0112.470.530. 3

111.788.673. 098.8

80.4 I84.0 !77. 162.2

97.9 i103.5 i89.5 |

111.2 I102.0 !

98. 1 !104.3 j89.3 |

i n . 8 i104.3

95.1109894.133100.9996.

81621752

95.9110.098.794.2133. 3100. 399.596.1

98. 5105.290.6

113. 4102. 6115. 5

98.7105. 892.2

113.3108. 5115.5

165.4 j78.6

101. 579.1 !62. 378.460. 7

117.8116.0101.3126 4 |102.5 I107.3 i97.4 i

103.8 j97.2 !86.0 •

93.2 |97.1 j

107.0 !112.4 I70. 5 j30.3

111.790. 1 |73.0 |98.8 !

80.283.5 i76.2 i62.2

165.4 |79.0 i

101.5 I79.2 I62.0 !76.1 |60. 7 I

117.116.0 |101.3 |126.4 !102.5 j107.3 |97.4 !

103.8 !97. 2 !86.0 |

90.4 ]97.2 I

107.0 j112.4 i70.5 !30.3 i

112.1 |90.5 j73.0 I99.0 ;

79. 683.175.359.1

96.0109. 898.794.2133.3100. 6100. 296.9165.479.0101. 579.362.673.260. 8117.8116.0101.3126.4102.5107.397,4103. 897.286.0

90.497. 3

96.2110.298.694.2134. 6101. 2100. 396.9165. 579,0101. 579.863.075.861.2117.8116.0101.3126,4102.6107. 397.7103. 897.286.0

90.497.3

107,0 !112.5 !70.5 j30.3 |

112.4 |90.773.0 i

ioo. i !

78.982.975.157. 7

107. 0112.670.530.3

112.490.973. 0

101.1

78.5 i82.6 !

74.8 [

59. 1

99.0107.493.5

113.2115.6115, 5

96.5110.498.794.2 |

134.6 !102,2 i100.096. 4

165.079.0

101.580. 360.275.661. 5

117.8116.0101.3126.4102. 6107. 397.7

103.897.286.0

90.497.3

107.0112.670.530. 3.

112.491.473.0

102. 7

99.1 j108.4 |93.7 |

113.2 [123.2 j115.8 j

96.6 !110.398.794.2

134. 7102.5100.196.4

165.180.0

101. 580.660.676.462.0

117.8116.0101.3126. 4102. 6107. 397.7

103. 897.286.0

90.497.4

107.0112.670.5

99.2110.593.6

113.1137. 7115.9

96.7110.598.993.9

135. 6102.2100.296.4

165.180.0

102. 080.859.577. 562.5

117.8116.0101.3126.4102.7107.398.0

103. 897.286.0

90.497.4

107.0112. 670.5

98.7 i109.6 !93.6 |

109,5 i143.6111.6

96.8110.699.093.6

136. 3102.0100.096.4

165. 278.6

102. 081.058.879.162. 6

117.8116.0101.3 I126.4 j102.8 I107.3 j98. 1 i

103.8 j97.386.0 j

30112.9173102.

35609

30.112.91.73.104,

35903

90.497.4

107.0 |112.6 !70.5 |30.3 !

112.5 I91.873.0

104. 3

I

81.4 i72.7 j57.7 '

77.5 I80.671.056. 9

77.379.969.8 |50.2

80. 170.455.3

98. 3107.293.8

108.9138. 0105.9

96.9110.799.093.6

137.1102.0100.196.4

165. 279.3

102. 081.059.077.6 !62.8 ;

117,8 i116.0101. 3126, 4102. 6107.198.1

103.797.186.0

90.4 !97.4

107. 0112.670. 530.3

112.592.373.0

104.3

77.9'80 .7 ;

71.8 .55.9

CONSTRUCTION AND REAL ESTATE

CONSTRUCTION ACTIVITY* jI

New construct ion, total . . . . . . .mil. of dol . . ' P 564Private, total do . . . . I p 149

Residential (nonfarm) do P 83Nonresidential building, except farm and \

public utility, total rail, of dol. - P 17Industrial... - .do ; P 9All other ..do . ..| ?8

Farm construction, total _do I p 11Residential... . . . do | p 5Nonresideutial do '• ?6

Public utility _. . do j v 38Public construction, total _do ; P 415

Residential . . .do ' p 54Military and naval. .... . . . . .do \ ? 196Nonresidential building, total.. . .do ] p 113

Iudustrial- - .do p 108All other .do ; p 5

Highway do ; P 40Sewage disposal and water supply -. do_ _ _ _; P 5All other Federal do j "5Miscellaneous public-service enterprises j

mil. of doL.i *2

CONTRACT AWARDS, PERMITS, ANDDWELLING UNITS PROVIDED

Value of contracts awarded (F, R. indexes): :

Total, unadjusted. ... .. 1923-25 = KM) ; P 60Residential, unadjusted do v 33

Total, adjusted . .do . . . . . P 60Residential, adjusted _. do ; P 33

1. 48622198

4 1 •30 :11 I22 '13 I9

'101, 265

56liM417108

\)

1025

19464

182

1.41521595

413110 '19 !12;

001. 200

71b20-103395

1.274200

92

37 i

"8 !15 |

!6 i

56 i1,074 i

66 !523 !389 j382 |62 !

1.123 l

168 j80

3123

81064

47955 i

til497330324

647 i

88912865

22166

336

76163

3o8286282

430

• 83211654

IS12

40' 716

59333

• 285-•282

324

76410645

10 i

§ 13 |

40 !658 !

59 !302 ;257 !

255 i2 |

23i ;

11

-•75811144

138

45

45' 6 4 7

284' 246'244

244

12

' 735 !12152

10 ;

V14 j68

45'614

74276

' 220r 217

- 728136 !64 i

1 j0 1

18 !7 \

42 :

'592 !79 ;

264 ;'201 I' 1 9 8 ;

3 i35 I

r 703 I148 I73 |

i5 i

19 I

43 ir 555 i

76 i254

' 170r 166 I

4 i406 :

r 679150

10 !

40 !

444

1S170

17970

1748019890

l.ii

17.1

91

885410256

8444So42;

71396333

* 98. 5105.893,8

108. 9125. 6lOo. 0

112.299.093.6

142,0102.8100.296.5

165. 280. 1

102. 080, 9

63.0117.8116.0101.3126. 4102. 6107.198. 1

*103. 797. 180. 0

90. 497.4

107. 0112.770.530.3

112.592.673. 0

104.3

78.181.272.854.4

' 0 2 5' 153

r 82

39

T 60' 2 1 8' 135•- 131

' 4

53 :36 i4532

07 ;

36 i6036

'63'35'59' 35

v Preliminary. r Revised.* New series. The series on new construction are estimates by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, with the exception of the series

on residential (nonfarm) construction, which is from the U. S. Department of Labor, and the data for military and naval and public industrial construction since January 1941, whichare from the War Production Board. For annual data beginning 1929, see p. 32, table 11, of the June 1943 Survey, and for quarterly estimates for 1939 to 1942, see p. 10, table 7, of theMay 1943 issue. Additional data relating to the derivation of the estimates are shown on pp. 24-26 of the May 1942 issue.

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November 1943 SURVEY OF CURRENT BUSINESS S-5

Monthly statist ics through December1941, together with explanatory notesand references to the sources of theda ta , may be found in t he 1942 Sup-plement to the Survey

1943

Sep-tember

1942

August Sep-tember

Octo-ber

Novem-ber

Decem-ber

1943

Janu-ary

Febru-ary March April May June July August

CONSTRUCTION AND REAL ESTATE—Continued

CONTRACT AWARDS, PERMITS, ANDDWELLING UNITS PROVIDED-Con.

Contract awards, 37 States (F. W. DodgeCorporation):

Total projects number..Total valuation thous. of dol__

Public ownership doPrivate ownership ..doNonresidential buildings:

Projects number..Floor area thous. of sq. ft_.Valuation thous. of dol..

Residential buildings: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

i ( b dValuaton

Indexes of building construction (based onbldg. permits, U. S. Dept. of Labor):f

Number of new dwelling units provided1935-39 = 100..

Permit valuation:Total building construction do

New residential buildings doNew nonresidential buildings doAdditions, alterations, and repairs do

Estimated number of new dwelling units innonfarm areas (U. S. Dept. of Labor):

Total nonfarm (quarterly)* number..Urban, total do

1-family dwellings do2-family dwellings doMultifamily dwellings do

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

HIGHWAY CONSTRUCTION

Concrete pavement contract awards:JTotal thous. of sq. yd . .

Airports doBoads doStreets and alleys do

CONSTRUCTION COST INDEXES

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

Average, 30 cities 1913 = 100Atlanta 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

Commercial and factory buildings:Brick and concrete:

Atlanta do.New York do.San Francisco do.St. Louis do.

Brick and steel:Atlanta do.New York do.San Francisco do-St. Louis do.

Residences:Brick:

Atlanta do.New York do.San Francisco do.St. Louis do.

Frame:Atlanta do.New York do.San Francisco do.St. Louis do

Engineering News Record (all typos)1913=100..

12, 588175,115119,55555,560

2.87711,43770,889

8,18911,40954,080

1,21428, 485

30821, 651

79.8

51.961.031.185.3

75,20013,8369,6151,5352,686

264,285

6,8504,2Q61,3851,169

227

254261257233248

217.0

108.5139. 9135.3131.7

107.9141.9139.4133. 4

108.3138. 2137.6130.4

111.3142.8134.2129.7

112.6145.3131.3128.2

294.3

30,055721,028633,18387,845

10,95290,774407, 324

17,11026,177100,551

1,384111, 960

101,193

97.9

83.672.595.079.2

16, 97612,162

7934,021

813,077

13.94710.0912,6531,202

245248250229241

213.3

106.1138.2130.0129.6

106. 0139.6132.3132.6

106.5137.4133.1129.4

104.1139.7125.8126.9

103.6141.4122.0124.8

281.6

30, 558723,216660,95362, 263

10,40597,962466,860

18,55629, 759126,708

1,11165, 811

63,837

129.6

99.2108.4102.670.0

' 94,600' 22. 479<• 11,838' 1,139' 9, 502

712,709

20,09016,9351, 5181,637

225

246249251229242

213.3

106.1138.2130.0129.6

106.0139.6132.3132.6

100.5137.4133. 1129.4

104.1139.7125. 8126.9

103.6141.4122.0124.8

282.4

35, 934780. 396709,87970, 517

9,94577,245

372, 991

22, 21837, 444161,206

3,035154, 795

73691,404

21, 77216, 4481,1334,191

691,979

12,4537,6002,8062,047

246249251229242

213.5

106.1138.5131.3129.6

106.0140.0134. 6132.6

106. 5137.5134.5129.4

104.1139.9126.8126.9

103.6141.5122.5124.8

283.6

35,872654,184591,94062, 244

12, 28152, 615

256, 513

21,82637, 707156, 654

1,08094,157

146, 860

14, 52210, 671

9262,925

607,622

7,0774,802927

1,348

247250251229242

213.5

107.0139.8132.0130.6

106.7141.0134.4133.4

107.2138. 5135. 3130.2

105.3140. 9127.6126.7

105.0142.5123.3125. 6

283.7

38, 797708, 716663,81744,899

15,09367, 327278,091

21, 30238,112159,652

1.386142,157

1,016128,816

89, 20013,1579,7611,0582,338

373,622

9,3286,0931,9681,267

225

248250251230242

213.5

107.2139.8132.0130.6

106. 9141.0134.4133.4

107.6138.5135. 3130.2

106.7140.9127.6126.7

106.8142. 5123.3125.6

283.5

25,338350,661315, 57535,086

6,84227, 913154,064

17,42824,920110,813

. 68238, 254

47, 530

126.2

76.476.0

21,87713, 894

8987,085

226, 826

6,2375,065541631

249253251230242

213.7

107.3140.0132.3130.7

107.0141.2135.6133.5

107.8138.9135.7130.4

107.4142.3129.6127.4

107.7144.3125.6126.5

283.5

18, 503393, 517363,85229, 665

5,09037,810187, 242

12,15522,18893, 294

76152,856

49760,125

130.3

66.379.463.344.7

22,60319,844

5882,171

306, 242

6,8725,644649579

249253251230242

214.1

107.3140.0132.3130.7

107.0141.2135.6133.5

107.8138.9135.7130.4

107.4142.3129.6127.4

107.7144.3125.6126.5

285.2

16,117339,698304,03235, 666

3.63528, 310144,935

10, 29516,99071,786

1,63562,037

55260,940

102.0

60.173.352.450.2

118,40017,68414,1751,0662,443

305,973

7,3245,548927850

227

249254251232242

214.1

107.3140.0132.3130.7

107.0141.2135.6133.5

107.8138. 9135.7130.4

107.4142.3129.6127.4

107.7144.3125.6126. 5

288.8

15, 435303,371253,33450,037

18,83596,214

10, 44018,76779,434

78741,882

85,841

88.7

54.462.446.157.9

15,37411,9241,3692,081

379,068

3,8482,240768840

250254251232242

215.0

107.3140.0132.3130.7

107.0141.2135. 6133.5

107.9133. 9135.7130.4

107.7142.3129.6127.4

108.0144.3125.6126.5

289.9

14,024234,426192,00042, 426

3,45515,12675,301

9,19715, 20763, 291

1,01047, 704

36248,130

119.3

56.078.835.358.4

20,68416,6641,6462,374

273, 650

7,8425,7111,346785

250254252232243

216.0

107.3138.1132. 3131.2

107.0139.5135.6133.0

107.9136.9135. 7129.7

107.7139.4129.6127.2

108.0141.1125.6124.9

289.9

3,05617, 28394,834

10, 42414,06061, 508

97835,720

37, 537

82.1

61.962.756.871.2

' 82,10014, 23010, 2481,6862,296

274,493

9,0107,2421,104. 665

227

250256252233243

216.0

107.3138. 3132.5131.2

107.0139.7135.8133.0

107.9137.3136.1129. 7

107.7140.8131.0127.2

108.0142.9127.4124.9

289.9

13,779183,661122, 25061,411

2,10910,78861,840

10, 50616,65171,836

92028,400

24421, 585

85.3

57.967.043.474.7

217.2

108.2138.6132.5131.4

107.7139.8135.8133.1

107.8137.6136.1130.0

109.5142.2131.0128.3

110.3144.7127.4126.4

291.4

15,758413, 791351, 361r 62,430

3,20326, 321272,888

10,98816,79467,493

1,18532,755

38240,655

101.9

59.578.136.278.2

217.0

10S.5138.6133.2131.7

107.9139.8136.1133.4

108.3137.6136.7130.4

112.6144.7130.4128.2

294.1r Revised. § Datn for October and December 1942 and for April, July, and September 1943 are for 5 weeks; other months, 4 weeks.t Data published currently and in, earlier issues of the Survey cover 4- and 5-week periods, except for January and December; beginning 1939 weekly data are combined on the

basis of weeks ended on Saturday within the months unless a week ends on the 1st and 2d of the month when it is included in figures for the preceding month (March and April1943 are exceptions, as the week ended Apr. 3 is included in figures for March); December figures include awards through Dec. 31 and January figures begin Jan. 1.

* New series. The quarterly estimates of total nonfarm dwelling units include data for urban dwelling units shown above by months and data for rural nonfarm dwelling unitswhich are compiled only quarterly; for 1940 and 1941 data, see p. S-4 of the November 1942 Survey (revised figures for first half of 1942—1st quarter, 137,300; 2d quarter, 166,600); annualestimates for 1920-39 are available on request.

f Revised series. Data have been revised beginning January 1940 and further revisions of the indexes for 1942 are in progress. Revisions for the latter year are at present availableonly for January-September; January to July 1942 data are available on p. S-5 of the May-September 1943 Surveys.

554753—43 4

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Page 28: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

S-6 SURVEY OF CURRENT BUSINESS November 1943

Monthly statistics through December1941, together with explanatory notesand references to the cources of thedata, may be found in the 1942 Sup-plement to the Survey

1943

Sep-tember

1942

August Sep-tember

Octo-ber

Novem-ber

Decem-ber

1943

Janu-ary

Febru-ary March April May June July August

CONSTRUCTION AND REAL ESTATE—Continued

CONSTRUCTION COST INDEXES—Con.

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

Combined index 1935-39=100..Materials doLabor _• do

R E A L E S T A T E

Fed. Hous. Admn. home mortgage insurance:Gross mortgages accepted for insurance

thous. of dol._Premium-paying mortgages (cumulative)

mil. of dol__Estimated total nonfarm mortgages recorded

($20,000 and under)* thous. of dol._Estimated new mortgage loans by all savings

and loan associations, total--thous. of dol...Classified according to purpose:

Mortgage loans on homes:Construction doHome purchase.. _. _.-doRefinancing doRepairs and reconditioning do

Loans for all other purposes doLoans outstanding of agencies under the Fed-

eral Home Loan Bank Administration:Federal Savings and Loan Assns., estimated

mortgages outstandingJ_._mil. of dol . .Fed. Home Loan Bks., outstanding ad-

vances to member institutions, .mil. of doL.Home Owners' Loan Corporation, balance of

loans outstanding mil of do l . .Foreclosures, nonfarm:t

Index, adjusted 1935-39=100Fire losses thous. of doL.

127.6" 124.4

133.8

70, 282

5,118

380,809

122, 973

13,21186,01613, 7993,2296,718

1,896

130

1,383

15.626,488

124.0121.2129.4

109, 660

4,232

336,850

92, 563

12, 56855, 30114,0194,1266,549

1,856

160

1,640

24.319, 680

124.4121. 5130. 2

100,456

4,311

345,961

94,055

12,44958, 06014,0633,8045,679

1,861

145

1', 622

25.220,443

124. 5121.6130.2

99, 833

4,394

357,083

91,672

10, 57256, 52814,6943,4986,380

1,863

131

1,603

24.422, 621

124.4121. 5130.2

73, 768

4,473

278, 321

73,979

9,27543, 98412,4723,0075,241

1, 863

122

1,587

23.424,144

124. 5121. 4130.7

54,086

4,555

265,406

70, 628

8,47241,44012, 768-2.1995,749

1,854

129

1,567

21.936; 469

124.7121.5130. 9

45, 562

4,627

228, 283

57,856

7,17332,82011,4081,6674,788

1,844

113

1,548

21.027, 733

125. 5121.9132.5

53, 725

4,684

219,882

63, 324

4,59439,08412, 5101,9535,183

1,839

98

1,529

18.833,175

125. 7122.0133. 0

70,941

4,747

269,419

87,185

8,57255, 23514,8742,3776,127

1,839

79

1, 504

17.639, 214

125.7121.8133.4

74, 226

4,799

308, 957

98,735

9, 85365,08815,0402,4846,270

1,847

87

1,482

18.334,241

126.2122.2134.3

60,702

4,856

327,092

100,490

9,03967,82614,8432,6066,176

1,850

79

1,460

16.929, 297

126.8123.0134.3

67,820

4,917

349,046

108.. 876

8,94674,88515,9132,7076,425

1,866

90

1,441

16.126,854

127.3123.7134.3

73, 563

4,982

351,516

111,355

9,20977, 55514,9252,807

> 6,859

1,871

92

1,419

15.925,016

127.1123. 4134.2

68, 029

5,051

355,432

117, 389

10,61682,89414,6002,8096,470

1,881

81

1,400

14.929,193

DOMESTIC TRADE

ADVERTISING

• Advertisinsr indexes, adjusted:Printers' Ink, combined index. 1928-32=100..

Farm papers doMagazines doNewspapers doOutdoor do

Tide, combined index* 1935-39=100..Magazines* do....Newspapers* do

Radio advertising:Cost of facilities, total thous. of doL

Automobiles and accessories doClothing do.._Electrical household equipment doFinancial doFoods, food beverages, confections.. do. __Gasoline and oil do . . .House furnishings, etc do . . .Soap, cleansers, etc doSmoking materials do . . .Toilet goods, medical supplies__..__do.__All other do.__

Magazine advertising:Cost, total do . . .

Automobiles and .accessories do . . .Clothing do . . .Electric household equipment do. _ _Financial do . . .Foods, food beverages, confections,.do._.Gasoline and oil do . . .House furnishings, etc do._.Soap, cleansers, etc do . . .Office furnishings and supplies do.__Smoking materials do.__Toilet goods, medical supplies d o . . .All other do . . .

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 . . .

GOODS IN WAREHOUSES

Space occupied in public-merchandise ware-houses§ percent of total..

108.7102.0110.796.393.9

154.9190.0117.0

13,1276951357980

3,71053763

1,0121,4543,7621,599

20,9911,5881,923496401

2,749425838338363922

3,4127, 5353,185

126, 78530,92395,8622,6201,58323,80067,858

88.263.284.281.372.5122.6134.9101.2

8,186448455753

2,05134251928

1,2522,337623

12,415765724126280

1,785405266378193671

2,2684,5542,072

94, 96321,93173,0322,1461,02213,19556, 669

83.2

87.669.481.579.486.9122.5140.096.5

8,878429704749

2, 33634643929

1,3472,659622

15,394754

1,208232425

2,307422624350275741

2,4635,5932,344

104, 50622,65881,8472,4811,099

15, 57262,695

81.0

84.269.882.079.965.6113. 3127.995.8

10, 332339945349

3,02748056

8531, 4853,081815

18,1891,1431,381443441

2,947415882445298831

2.8656,0992,528

117, 44224, 07193,3712,4041,23319,78169,953

82.1

88.473.991.782,155. 6

117.1134.4100.1

10, 7163621156757

3,02753254

7991,4973,1361,069

19,450979

1,144522466

3,377367757479322983

3,0756,9792,650

119,06322,99696,0672,7871,470

21, 77570,035

82.5

96.882.7101.387.677.5118.6146.107.1

11.2843611255460

3,180r>0949904

1,6063,2751,061

16, 940607870401336

2,608187735270328781

2,6827,1342,033

120, 33221, 75698,5752, 5811,46719.14775,381

83.6

84.764.879.877.377.1123.1159.61C3.0

11,169347616776

2,91964660

8101,6043,4101,169

12, 631651381199340

2,083146312319166743

2,166' 5,1262,179

94, 48822, 28572,2041,5131,887

14, 67454,130

83.4 I

64.983.181.977.0120.0144.9103.4

10, 345348605762

2,78557248

8361,4753,0781,024

15, 800721725382350

2,772273

-•341569207733

2,940' 5, 7862,432

95, 60722, 235' 73, 372

1,4231,23217,83652,881

87.060.578.780.885.0112.4125.197.3

11, 949479975572

3,12863848

1,0401, 6553,4911,246

17, 459956

1,186351392

2,722336

'594661238866

3,122' 6,0342, 608

113,19026, 92586, 2652,5001,595

20, 26261,908

83. 3 I 83. 7

92.175.582.987.469.9123.1126.6108.5

11,971513927782

3,28863950

1,0221,6073,3191,284

' 18,6731,0331,258'450

3372,906

437'804

592293796

3,242' 6, 524

2,671

125, 28229,18396,0992,8641,817

20,80170,617

83.7

77.488.982.369.2

123.2131.199.7

12, 3465961019696

3,27750462

9771,6033,5021,531

21,3511,4521,142'567

4573,140

492'930

666353918

3,650' 7, 585

2,788

120,98531, 22089,765

3,2201,247

21,17964,120

83.5

96.488.1

107. 786.658.7

135.6145.8106. 4

12, 550682997964

3,36051250

1,0281,6383,6231,416

18,4591,282

934'514

4072,772

412'745

476267804

3,2906, 5572,360

114,01629,30884, 709

3,0791,323

21,09959,208

85.0

104.795.0

129.491.165.0

152.2184.8116.0

• 12, 333692708560

' 3,40951467

9411,5093, 5521,433

17, 2231,565

429'414

3712,692

407'348

241139794

3,0346,7892,553

103,10928,64174,4682,6581,665

17, 22452,921

86.1

109.2110.7125. 296.964.5

162.0212.2120.6

12,929

9384

' 3,58254966

9591,4543,6781,579

' 18, 530' 1,653

1,037'437

3142,620

443'451

271279

'9143,069

' 7,0432,965

113, 21531, 38881,827

2,6641,252

17, 73360,178

85.6

''Revised. $Minor revisions in the data beginning January 1939; revisions not shown in the August 1942 Survey are available on request.§ See note marked " § " on p. S-6 of the April 1943 Survey with regard to enlargement of the reporting sample in August 1942.*New series. The series on nonfarm mortgages recorded is compiled by the Federal Home Loan Bank Administration; for information regarding the basis of the estimates and

data for January 1939 to September 1942 see note marked "*" on p. S-5 of the November 1942 Survey. The new indexes of advertising are compiled by J. K. Lasser & Co. for "Tide"magazine; the combined index includes radio (network only prior to July 1941 and network and national spot advertising beginning with that month), farm papers, and outdoor adver-tising, for which separate indexes are computed by the compiling agency, in addition to magazine and newspaper advertising shown above; the component series, with the exception ofnewspaper advertising, are based on advertising costs; the newspaper index is based on linage; data beginning 1936 will be published in a subsequent issue.

f The index of nonfarm foreclosures has been revised for 1940 and 1941. Revisions are shown on p. S-6 of the May 1943 Survey.

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Page 29: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

November 1943 SUKVEY OF CURRENT BUSINESS S-7

Monthly statistics through December1941, together with explanatory notesand. references to the sources of thedata, may be found in the 1942 Sup-plement to the Survey

1943

Sep-tember

1942

August Sep-tember

Octo-ber

N ovem-ber

Decem-ber

1943

Janu-ary

Febru-ary March April May June July August

DOMESTIC TRADE—Continued

POSTAL BUSINESS

Air mail, pound-mile performance ..millionsMoney orders:

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

Domestic, paid (50 cities):Number thousandsValue thous. of dol

CONSUMER EXPENDITURES

Estimated expenditures for goods and services:*Total mil. of dol.

Goods do.__Services (including gifts) do . _ _

Indexes:Unadjusted, total 1935-39=100.

Goods do _ _ _Services (including gifts) do _ _ _

Adjusted, total d o . . .Goods do___Services (including gifts) d o . ~

RETAIL TRADE

All retail stores, estimated sales, totaltmil. of dol_-

Durable goods storesf do.Automotive group t do _

Motor vehicles* do.Parts and accessories* do.

Building materials and hard ware t--doB uilding materials * doFarm implements* doHardware* do

Homefurnishings groupt -doFurniture and housefurnishings* _doHousehold appliance and radio*.-do

Jewelry stores* do -Nondurable goods storesf do.

Apparel groupf doMen's clothing and furnishings*, .doWomen's apparel and accessories*_doFamily and other apparel* doShoes* do

Drug stores! doEating and drinking placest doFood group t do

Grocery and combination* doOther food* do

Filling stations! doGeneral merchandise groupf do

Department, incl. mail order* doGeneral, including general merchandise,

with food* mil. of doL_Other general merchandise and dry

goods* mil. of dol__Variety* do

Other retail storesf doFeed and farm supply* doFuel and ice* doLiquors* doOther* do-._.

All retail stores, indexes of sales:fUnadjusted, combined index. .1935-39=100..

Durable goods stores doNondurable goods stores do

Adjusted, combined index doIndex eliminating price changes*._do

Durable goods stores doAutomotive doBuilding materials and hardware-doHome furnishings doJewelry do

Nondurable goods stores do__._Apparel doDrug doEating and drinking places doFood doFilling stations doGeneral merchandise doOther retail stores do

Chain-store sales, indexes:Chain-store Age, combined index (20 chains)

average same month 1929-31 = 100Apparel chains do

Drug chain-store sales:Unadjusted 1935-39=100-Adjusted do

Grocery chain-store sales:Unadjusted doAdjusted do

6,385116,970

15,118206,060

'5,240

'171.9

'164.T

5,35277322015367

2911803477

1901543674

4,5795441162577892

227724

1, 4171,074

343222827518

106

93110618175146107190

169.999.8

192.8162.1122.296.952.2

129.0143.8348.1183.4198.9189.8272.0179.0102.7155.2210.5

179.0244.0

146. 8v 152. 9

155.9159.1

3,661

5, 49568,098

14, 582142,851

6,7534,4422,312

136. 4140.3129.5143.1149.4131.6

4,78281123317855

309200

3277

213162

5155

3,971374

78169

5374

197570

1,3891,069

320262686405

98

7510849311710894

175

144.6100.6159.0150.3121.3102.152.6

147.5162.4256. 3166.0177.8160.5203.4170.6113.9148. 8180.8

182.0212.0

"135. 2142. 3

167.3174.3

3,870

5,95278,701

16, 308174, 772

7,0284,6982,330

145.2153.1131.3141.7147.4131.6

4,966817212158

55328206

4082

220163

5758

4,149465100210

6293

194563

1,3671, 042

325258778486

100

8310952412212198

182

157.8105.5174.8150.9121.4101.650.4

145.6166.4273.0167.0171.0161.7211.5174.1119.7146.4178.6

183.0220.0

132.7138.2

168.9172.4

4,335

6,02278,748

17,386180, 535

7, 5205,1792,340

148.9159.1131.1145.0153.0130.9

5,430864208150

58349215

4788

239182

5768

4,566537123235

76103207596

1,4861,146

340254906572

110

' 100124580137112130201

160.2103.9178.5154. 3122.7100.148.7

143.6167.1267.8171.9170.0171.5227.3180.3116.4148. 3185.1

181.0218.0

149.3147.1

170.9170.0

4,338

7,74875, 475

15, 649162,162

7,1954,8202,375

151.7161.8133.9148.2156. 2134.2

4,966749184130

532801762777

210160

5075

4,216486119213

7380

198553

1,3411,040

301259867558

100

9011951312210499

188

161.5100.0181.5158.2124.798.345.7

139.5170. 2277.4177.7184.1175.1230. 3183.8127.5157.7182.8

187.0228.0

141.6141.0

169.5169.5

5,039

8,20190, 554

18,376196,067

8,3525,9762,376

168.1188.1132.9142.6148. 5132.2

6,138889180117

63259142

2889

269204

65181

5,249722200298112112278583

1,5141,161

353187

1, 266800

122

134211699131143154271

187.9110.5213.1153. 9120.291.942.5

129. 5159.6270.0174.1185. 8184.3226.3186.193.3

146. 8189.2

175. 0216.0

210.3154.6

167.0162.1

4,658

7,63286, 624

16,681176, 866

' 6, 816r 4, 406

2,411

r 138. 2' 140. 1

135.0' 150.1' 159. 6

133.4

4,45258316711948

202122

2456

163121

4351

3,86941498

1875772

200547

1, 3671,056

311182633384

88

6993

526121151101152

137.374.6

157. 8159.2124.293.745.1

128.6161.3263.5180.6207.2176.1240.6183.6102.2158.9193.8

177.0243.0

140.2146.3

158.0162.8

4,927

5,98392, 987

15,209171, 967

' 6, 796' 4, 404

2,392

' 146. 7' 152. 3

136.9' 158.1"171.4

134.7

4,45958215811246

199116

2855

170128

4254

3,877496111246

6871

193519

1,2871,000

287162694432

90

7498

526142128100156

149.178.6

172.1170. 4132.495.946.0

134.5158.1302.4194. 7278.2179.2244.7185.098.3

182. 8200.7

194.0295.0

136.0145. 5

166. 4165.6

5,398

9,527178,211

21, 350338,616

' 7, 250r 4, 826

2,424

' 145. 9' 151. 7

135.7r 152. 5r 161.9

136.1

5,002718214163

512501433671

196152

4358

4, 284472109220

6678

208599

1,4431,101

342191752464

102

80106619183148115174

151. 386.7

172. 3161. 2122. 995.148.7

129.8152.1301. 9182. 7200.7178.6242.8189.497.3

157.6204.3

180.0239.0

148.4149.1

165.5163.9

5,729

7,281101, 268

18, 269243, 825

' 7, 438r 5, 010

2,427r 152. 5'161.4

136.9'151.3' 160. 0

136.1

5,212792230174

562821614081

216169

4664

4,421572130258

79105214626

1, 3561,030

327204820507

104

90119630194135114187

102.199.0

182.7159.2120.097.450.5

132.2152. 6319.6179.4197.7185.4251.7175.798.5

154. 3210.6

175.0228.0

151.7156.9

153.3148.8.

6, 92399,878

15,011174,880

' 7, 441' 5,0] 4

2,427

'150.6' 158. 9

135.9' 149. 8'157.0

137.1

5,18480523117061

2831613982

218176

4273

4,380479115211

6984

225670

1,4181, 074

344217769463

105

88112602174125110194

159.4102.9177.8155.3115.993.048.1

128.8142.9301.8175.6179.9186.0256.4176.297.9

143.8208.6

171.0208.0

155.0160.3

154.9152. 6

7,770158, 381

17,636262, 532

' 7, 590' 5,140

2,451

' 156.1' 166. 3

138.2r 155. 2' 164. 6

138.7

5, 31981023116665

2951713985

209167

4175

4,509540136210

74120223682

1,4361,090

346221792479

108

92113615179135106196

166.2101.4187.3163. 0122.193.847.4

131.4147. 8293.3185.6215.0189.4265.2182.099.3

154.1216.5

178.0208.0

156.4165.5

157.1154.8

6,006106,623

16,612237, 398

' 7,457' 4, 996

2,461

' 148. 5r 154. 6

137.8'155.0' 163. 9' 139.3

5,139779230164

672851683880

1951563969

4,360391

90179

5865

231716

1,4941,143

351226700398

107

83111603177130109186

154.096.6

172.7162.5122.697.848.8

131.6158.6335.2183.6196.0187.6271.3178.196.1

158. 0218.3

181.0224.0

157.2165.0

152.9156.0

5,47886, 570

13,867170, 463

' 7, 394' 4, 952

2, 442

150.4158.2136.8155.5164.8139.1

5,037777226160

662871773277

194157

3771

4,31042285

2126164

229724

1,3761,046

330224728435

103

82108607177143101185

157.396.6

177.1163.7124.998.550.7

137.1147.7338.5184.9207.3188.6258.2175.499.2

163.8224. 5

184.0238.0

T 151.9r 159. 9

146.6152. 7

r Revised.3 Preliminary.

* New series. The dollar figures for consumer expenditures have been shown on a revised basis beginning in the March 1943 Survey and the indexes beginning in the July 1943issue. Dollar figures for years prior to 1942 are available as follows: 1939-41, p. 7, of the April 1943 Survey; annual figures for years prior to 1939 for the total only, p. 12, table 3, of theMay 1942 issue. All revisions will be published later. A detailed description of the series, as originally compiled, appears on pp. 8-14 of the October 1942 Survey and a subsequentchange in the concepts is outlined in the descriptive notes for table 10, lines 16 to 19, included on p. 24 of the March 1943 issue. Data for 1929, 1933, and 1935-42 for the new seriesunder sales of retail stores are shown on pp. 11-12, table 5, and pp. 6-14, 19-20 of this issue.

t Revised series. Sales of retail stores have been completely revised; for figures for 1929, 1933, and 1935-42 and a description of the data, see pp. 6-14,19 and 20 of this issue.

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

Page 30: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

S-8 SURVEY OF CURRENT BUSINESS November 1943

Monthly statistics through December1941, together with explanatory notesand references to the sources of thedata, may be found in the 1942 Sup-plement to the Survey

1943

Sep-tember

1942

August Sep-tember

Octo-ber

Novem-ber

Decem-ber

1943

Janu-ary

Febru-ary March April May June July August

DOMESTIC TRADE—Continued

RETAIL TRADE—Continued

Chain-store sales, indexes—Continued.Variety-store sales, combined sales, 7 chains:

Unadjusted... 1935-39= 100..Adiusted do

Chain-store sales and stores operated:Variety chains:

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..

G. C. Murphy Co.:Sales ..thous. of doL.Stores operated number..

F. W. Wool worth Co.:Sales. .thous. of doL.Stores operated _ number..

Other chains:W. T. Grant Co.:

Sales .thous. of doL.Stores operated. _ .number..

J. C. Penny Co.:Sales thous. of doL.Stores operated. number..

Department stores:Accounts receivable:

Instalment accounts§..Dec. 31,1939=100..Openaccounts§ do ._.

Ratio of collections to accounts receivable: ,Instalment accounts§ percent-.Open accounts § do —

Sales, total U. S. unadjusted.. 1923-25=100..Atlantaf _ 1935-39=100..Boston 1923-25=100.-Chicago 1935-39=100.-Clevelandf d o —Dallas - -1923-25=100..Kansas City..- 1925=100..Minneapolis 1935-39=100..New York 1923-25=100.Philadelphia 1935-39=100..Richmond doSt. Lonisi 1923-25=100..San Francisco 1935-39=100.

Sales, total U. S., adjusted....1923-25=100..Atlantaf - 1935-39=100..Chicago . d o —Cleveland! do. . . .Dallas 1923-25=100..Minneapolis 1935-39=100 .New York* 1923-25=100.Philadelphia 1935-39=100..Richmond do ...St. Louisi .' 1923-25 = 100..San Francisco 1935-39=100.

Instalment sales, New England dept. storespercent of total sales..

Stocks, total U. S., end of month:Unadjusted 1923-25=100..Adjusted do.. . .

Other stores, ratio of collections to accountsreceivable, instalment accounts:*

Furniture stores percent-Household appliance stores doJewelry stores d o —

Mail-order and store sales:Total sales, 2 companies thous. of dol.

Montgomery Ward & Co do.Sears. Roebuck & Co . do

Rural sales of general merchandise:Total U. S., unadjusted. 1929-31=100.

East do. . .South doMiddle West do. . .Far West do. . .

Total U. S., adjusted ___do-__East do.--South do. . .Middle Wrest do. . .Far West do.__

v 138.1J>143.7

15,385661

9,380245

5,188202

6,279206

33,4052,010

13,635493

43,0411,610

4062

3362

143221103159166251167

*154127148201151

132208144151226

*134118138

• 196142

v 190

5.6

212033

133, 42254, 28079,142

204.3184.4291.6178.6219.6193. 3187.5264.1174.2187.6

124.8142.3

14, 781671

9,607246

5,017203

6,156207

33, 6752,012

11,431494

40,5301,611

'7053

2459

.1031447511813412711411394111147114158

130169149157165130126151194152172

132138

161325

113, 44748, 74164, 706

155.9153.3178.0135. 5207.8190.6192.4246.9164.3225.6

137.8143.4

14,997671

9,599245

5,023203

6,094207

33,8472,015

' 12,649'493

r 47,4761,611

6763

2560133171105If*161171133145120143174131184

123161141146154126112133170122176

7.0

130125

161426

142, 02261, 49580, 527

214.2201.2262.8185. 7272.2202.6204.6238.0181.1232.6

140.9143.2

17, 237671

10,278245

5,656203

7,335207

38, 4752,017

15, 111493

54,2941,611

65

2965137183117154165170146156130160211145191

128173147158150131115139170129182

7.8

128115

181530

174, 04576, 06897, 977

250.5245.4362.2210.8276.2192.8190.7244.4166.0230.0

161.6157.0

16, 610671

11,046245

5.648203

6,719207

36,3762,018

14,382493

49,4261,611

6570

2963157206116168187191147144144182203158219

138186153170171144121142193135210

7.8

122105

171531

153, 40668, 39685,010

253.6266.2334.6216.5298.6194.9206.5243.7165.2246.2

263.0139.2

28, 667671

18,397244

10,464203

12, 26907

64, 2402,015

25,138493

63,3201,611

222286181246252280231219215262304212296

166146•146162141119140164129

5.0

95101

181545

193, 41286, 472

106, 941

272.7273.2325.8243.0324.5170.5164.1216.9155.8298.8

106.1144.6

12, 277665

8,063244

4,323202

5,481207

29,6392,012

9,382

29, 7291,611

6269

28611111518912313215512611497112134117150

143195155179204143123157197146195

7.8

102

171631

96, 68239,98356,699

152. 2149.7193.1136. 0171.8200.0197.0244.1177.8233.7

125.1157.6

13,097663

8,750244

4,671202

207

30, 9652,012

10.433'492

32,8901,611

5865

286113219090155155205140132112137161143184

168216185194241187138185234166238

7.6

89

171630

99, 30041,44357, 857

174.3164.0245. 8151.9192.3215. 5200.5224.1191.0259.9

123.6147.4

14,069662

9,634244

5,163202

6,051208

32, 9012,010

11,956463

35, 5171,610

,K465

3162121171101136144160144134104135171124171

136182149169172137127154180138196

6.3

9391

191830

118, 53252,19266, 340

185.6173.5239.7158.9193.3211.3193.2265.4179.3234.9

139.9140.0

16,060661

10,013244

5,631202

7,010

37,3172,009

13,824493

40,6231,610

PI65

3163133196107151162192151156116148190136

128188144151190147114155181129190

6.3

9087

201831

133, 98160, 65873, 325

194.3198.1227.3175.0215.0211.4207.8258.0187.3240.7

133.9138.9

14,631661

9, 610244

5,192202

6,845208

34,8592,008

13,559493

38,5761,610

4862

3063125193101138154191137135108139181129180

125196136152191136115141182129187

5.1

92

222033

120, 84554,09966, 746

160.5157.1197.5141.5186.1174.9170.7232.8149.4207.0

140.0147.6

15,167661

9,612245

5,188202

6,864208

34, 6772,009

13,720493

40,9881,610

4564

296212417897143154183148143110>133175132184

129205147161206144115140184143200

4.3

63

212133

121, 28552,14069,145

161.6152.7192.3145.9205.7177.4166.3239.2154.5215.8

184.1145.5

14, 833661

9,507245

5,172202

6,447207

34, 6872,008

12,171493

34,1681,610

4153

3062981667411512416312611091102144108165

142233164170233151128154205156199

5.7

99110

222134

103, 05241,81161, 240

125.0108.0151.6111.4167.9171.2151.2223.2150.9204.8

' 132. 6f 151.2

14,588661

9,427245

5,176202

6,197206

33, 2002,010

11,897493

35,8601,610

4052

3262112183'77127142188131128'96107156122

»179

142215161165244147

'126145

'206163

7.0

'110114

2221

'33

111,04147, 44363, 598

157.2148.9184.5143.8188.1192.2186.8255.9174.2204.2

' Revised. *> Preliminary.§Minor revisions in the figures prior to November 1941, which have not been published, are available on request.IThe index on a 1935-39 base shown in the 1942 Supnlement is in process of revision; pending completion of the revision, the index on a 1923-25 base is being continued.JA few revisions in data for 1938-41, resulting from changes in the seasonal adjustment factors, are shown on p. S-8 of the November 1942 Survey.*New series. Collection ratios for furniture, jewelry, and household appliance stores represent ratio of collections to accounts receivable at beginning of month; data beginning

February 1941 are on p. S-8 of the April 1942 Survey; data back to Januiry 1940 are available on request; the indexes of instalment accounts outstanding, included in the October 1943and earlier issues, have been discontinued in the Survey; dollar figures are shown, however on p. S-16.

fRevised series. Indexes of department store sales for Atlanta district revised beginning 1935, see p. 22, table 19, of the December 1942 Survey. Revised data beginning 1919 forthe Cleveland district are shown on p. 32 of the April 1943 issue.

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

Page 31: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

November 1943 SUEVEY OF CURRENT BUSINESS S-9

Monthly statistics through December1941, together with explanatory notesand references to the sources of thedata, may be found in the 1942 Sup-plement to the Survey

1943

Sep-tember

1942

August Sep-tember

Octo-ber

Novem-ber

Decem-ber

1943

Janu-ary

Febru-ary March April May June July August

EMPLOYMENT CONDITIONS AND WAGES

EMPLOYMENT

Estimated civilian labor force (Bureau of theCensus):*

Labor force, total .millions._Male doFemale do

Employment doMale doFemale doAgricultural doNonagricultural do

Unemployment doEmployees in nonagricultural estab.rf

Unadjusted (U. S. Department of Labor):Total thousands--

Manufacturing doMining doConstruction doTransportation and pub. utilities-doTrade doFinancial, service, and miscl doGovernment _do

Adjusted (Federal Reserve):Total - do

Manufacturing. , doMining -_ doConstruction doTransportation and pub. utilities_doTrade do

Estimated wage earners in manufacturing in-dustries, total (U. S. Dept. of Labor)*

thousands. .Durable goods do-

Iron and steol and their products __doBlast furnaces, steel works, and rolling

mills thousands--Electrieal machinery -doMachinery, except electrical do

Machinery and machine-shop productsthousands. -

Machine tools ___doAutomobiles doTransportation equipment, except auto-

mobiles thousands- _Nonferrous metals and products doLum ber and timber basic products _ - do

Sawmills doFurniture and finished lumber products

thousands--Furniture do.__

Stone, clay, and glass products do-__Nondurable goods do

Textile-mill products and other fiber man-ufactures thousands- -

Cotton manufactures, except smallwares thousands,.

Silk and rayon goods do.._Woolen and worsted manufactures (ex.

dyeing and finishing) thousands- -Apparel and other finished textile prod-

ucts thousands.-Men's clothing do.Women's clothing do.

Leather and leather products do.Boots and shoes do.

Food and kindred products do.Baking do.Canning and preserving do_Slaughtering and meat packing—-do

Tobacco manufactures doPaper and allied products do

Paper and pulp doPrinting, publishing, and allied industries

thousands,-Newspapers and periodicals do_Printing, book and job do

Chemicals and allied products doChemicals do

Products of petroleum and coal doPetroleum refining do

Rubber products doRubber tires and inner tubes do

Wage earners, all manufacturing, unadjusted(U. S. Dept. of Labor)f 1939=100--

Durable goods doIron and steel and their products.-do

Blast furnaces, steel works, and rollingmills 1939=100-..

53.336.217.152.535.816.711.341.2

.8

m, 26316, 207

j< 822* 1,091.! 3,704" 6, 284

4, 3315,824

37,68615,989

813979

3,6386,247

13,9468,3301,721

512725

1,248

496101738

2,306417467256

356167352

5,616

1,185

47194

160

822221231

• 315178

1,10425124915988

311149

33011212973611912682

19591

170.2230. 7173.6

131.7

56.241.1

! 15.1r '5i.o

*" 39.71 14.3'* H-2t '42. 8

2.2

37,802.14, 980> 918i 2,181t 3, 533

6,4964,3715,323

37, 43314,819

9181,9.163,4906,607

12,8697,1921,620

540564

1,114

435118534

1,673387581313

369170370

5,677

1,283

507103

181

915247252367209

1,12525824817997

298152

32511412662311112981

15868

157.1199.2163.4

138.9

54 J39.214.952.438.214.210.242.21.7

38, 34815, 233

H 910i 2,185

3, 5426, 5614.3975,520

37, 64515, 006

9001,9593,4826,523

13,0797, 3131,621

532586

1,126

440119556

1, 752390546303

367170369

5,766

1,272

50598

180

907246252357200

1,2102fi332217898

297151

32311612364911112881

16470

159.6202. 5163. 5

137.0

54.039.015.052.438.114.310.541.91.6

38. 47815, 313

9022,028

I 3, 539• 6, 697! '4, 327

L 5, 672

37, 96215,162« • '888' 1,902

3, 4666,619

13,1667,4641,635

525610

1,148

449120572

1, 836392-535295

368173368

5, 702

1,275

505100

177

904242253357199

1,09926519117499

300151

33111612967311112679

16973

160.7206.7164.9

135.5

54.538.516.052.837.515.39.8

43.01.7

38, 53315,434

8941 1,896

3, 5206,7714,2955,723

38, 32515, 349

8831,8893, 5086,673

13, 2677,5971, 643

518630

1,168

457121592

1,909398526290

363168368

5,670

1,277

50699

176

887235248363204

1,038203136176100304150

33811713369311112578

17477

161.9210.4165.7

133.4

53.437.915.551.937.014.98.9

43.01.5

38, 94215,684

1, 6743,5027,1074, 2795,811

38, 84215, 687

8842,0043, 5356, 635

13, 4747,7801,676

523649

1,190

465122613

1,999405515282

365170368

5,694

1,287

51099

177

886236247364204

1,01826411418799

309151

34211813470211212478

18080

164.5215. 5169.1

134.5

52.437.115.351.036.314.78.7

42.31.4

37. 86215, 743

1,4703,4636, 3714,2595, 689

38, 79115,932

8701,8433, 5496, 513

13, 5037.8751, 693

522661

1, 202

469123631

2,067408489266

362168362

5,628

1,273

50498

176

88423724836120296525895

18596

309151

33511413371511112377

18381

164.8218.1170.7

134.3

52.336.715.650.935.915.08.8

42.11.4

37,95815,851

1, 3883, 4566, 2914, 270

,5,837

38.82115, 975

8731,7483, 5456,458

13,6337, 9981,715

524676

1,220

476121642

2,132412478260

364170359

5,635

1,275

50598

175

89724025235920193625290

17794

313150

338113135726-11212277

18582

166. 4221.5173.0

134.9

52.036.415.651.035.815.29.0

42.01.0

38,11515.958

8611,3573,4756,3284, 2815,855

38, 65616,043

8641, 5643,5516, 424

13, 7278,0991,726

523693

1,233

483120649

2,187410479262

364171358

5,628

1,270

50298

174

90324225335419792125480

16793

313150

33411313273411312278

18683

167.6224.3174.1

134.7

52.136.515.651.236.015.29.6

41.6.9

38,33615, 956

8501,3283, 5526,4234,3375,890

38, 47816, 025

8581, 3633, 5726,433

13, 7358,1451,729

523695

1,237

487119653

2,221411480262

360168359

5,590

1,254

49797

171

88924024934619391024790

15693

312149

33011412874411312379

18683

167.7225.6174.4

134.6

53.036.716.352.136.215.910.841.3

. 9

38, 26215,911

8371,2993,5876,3314,3495,948

38, 22215, 998

8421,2133,5776, 357

13,7008,1591,718

522695

1,243

491117660

2,241410479263

356167357

5,541

1,239

49096

170

86523424133718791424792

15490

312149

32911412773911412480

18683

167.2225.9173..2

134.5

54.637.317.353.436.716.711.941.51.2

38, 48416,056

8351, 2773,6536,3714, 3555,937

38, 34416,138

8421,1233, 6106,373

' 13, 827r 8, 252

1,719

521703

1,251

493115676

2,288415482264

358167360

5,575

1,233

48896

168

853231239333185953251

' 109••160

89316150

33411413074311612581

18985

168.8228.5

' 173.4

134.2

55.537.817.754.337.217.112.142.21.2

' 38,36416,136

8301,2183,6836,2904,359

' 5,848

' 38, 276' 16, 138

8351,0653,6306,388

r 13, 911' 8, 296' 1, 715

518r 714

' 1, 251

'495111694

' 2,306414484265

360169358

r 5,615

1,219

48495

165

833228229330184

'1 ,019253

'16216189

316150

339112135

'74511712682

19288

' 169.8' 229.7' 172. 9

133.3

54.937.517.453.937.016.912.041.91.0

• 38, 24116, 245'823

' 1,162' 3, 695' 6, 218' 4, 331' 5, 767

• 38,003• 16,086

'825••1,023' 3,645' 6, 335

•14,003' 8, 321'1,718

515'717

' 1, 251

497106

'714

' 2,304'415'482

264

'362170

'358' 5,682

' 1,204

47895

162

834225234325183

' 1,110251247163'88

'315150

337112134

'741118

'12783

'19489

' 170. 9' 230. 4' 173.3

132.6

' Revised.fRevised series. The estimates of employees in nonagricultural establishments and in each of the component groups, with the exception of the trade group and the financial,

service, and miscellaneous group, have been revised beginning 1939 and revisions of the earlier data are in progress; the revised data will be published when revisions are completed(data beginning August 1941 are in the October 1942 Survey). The indexes of wage-earner employment and of wage-earner pay rolls (p. S-12) in manufacturing industries have beencompletely revised; for 1939-41 data for the individual industries, except newspapers and periodicals and printing, book and job, and 1939-40 data for all manufacturing, durable goods,nondurable goods, and the industry groups, see pp. 23-24 of the December 1942 Survey. Indexes for the totals and the industry groups have been further revised beginning January1941; data for 1941 are shown on p. 28, table 3, of the March 1943 issue.

*New series. For estimates of civilian labor force, employment, and unemployment beginning April 1940, see p. 30, table 9, of the June 1943 Survey. Data beginning 1939 forthe new series on wage earners in manufacturing industries will be shown in a later issue; data beginning October 1941 for the individual industries, except machine tools, newspapersand periodicals, and printing, book and job, are available on pp. S-8 and S-9 of the December 1942 Survey; the figures for all manufacturing, durable goods, nondurable goods, andthe industry groups are shown on a revised basis beginning with the March 1943 Survey and figures previously published for these series are not comparable with the current data.

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Page 32: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

S-10 SURVEY OF CURRENT BUSINESS November 1943

Monthly statistics through December1941, together "with explanatory notesand references to the sources of thedata, may be found in the 1942 Sup-plement to the Survey

1943

Sep-tember

1942

August Sep-tember

Octo-ber

Novem-ber

Decem-ber

1943

Janu-ary

Febru-ary March April May June July August

EMPLOYMENT CONDITIONS AND WAGES—ContinuedEMPLOYMENT—Continued

Wage earners, all mfg., unadj.f—Con.Durable goods—Con.

Electrical machinery 1939=100.,Machinery, except electrical do

Machinery and machine-shop products1939=100..

Machine toolsj doAutomobiles doTransportation equipment, except auto-

mobiles 1939=100-Nonferrous motals and products doLumber and timber basic prod d o . . . .

Sawmills doFurniture and finished lumber products

1939=100..Furniture do

Stone, clay, and glass products doNondurable goods do

Textile-mill products and other fiber man-ufactures 1939=100..

Cotton manufactures, except smallwares do

Silk and rayon goods doWoolen and worsted manufactures (except

dyeing and finishing) 1939= 100, _Apparel and other finished textile prod-

ucts 1939=100..Men's clothing doWomen's clothing do

Leather and leather products doBoots and shoes . .do

Food and kindred products doBaking doC anning and preserving. doSlaughtering and meat packing.._do

Tobacco manufactures doPaper and allied products do

Paper and pulp doPrinting, publishing, and allied industries

1939=100..Newspapers and periodicals* doPrinting, book and job* do

Chemicals and allied products doChemicals do

Products of petroleum and coal doPetroleum refining do

Rubber products doRubber tires and inner tubes do

Manufacturing, adjusted (Fed. Res.)f--doDurable goods doNondurable goods do

Manufacturing, unadjusted, by States andcities:

State:California* 1940=100..Delaware 1923-25=100-.Illinois 1935-39=100_.Maryland 1929-31 = 100..Massachusettsf 1935-39=100..New Jersey§ 1923-25=100..New York 1935-39=100..Ohio doPennsylvania 1923-25=100..Wisconsin 1925-27=100..

City or industrial area:Baltimore 1929-31=100..Chicago 1935-39=100..Cleveland do.Detroit 1923-25 = 100..Los Angeles* 1940=100..Milwaukee 1925-27=100..New Yorkf 1935-39=100Philadelphia 1923-25=100..Pittsburgh do. . .San Francisco* 1940 = 100St. Louis 1937=100Wilmington 1923-25=100

Nonmanufacturing, unadjusted (U. S. Depart-ment of Labor):

Mining:!Anthracite 1939=100.Bituminous coal do . . .Metalliferous do . . .Quarrying and nonmetallie do

Crude petroleum and natural srasf doPublic utilities:!

Electric light and power doStreet railways and busses-— do.Telephone and telegraph do.

Services:|Dyeing and cleaning do.Power laundries do.Year-round hotels do.

279.8236.2

244.9275. 5183.4

1,453.0.181.8110.0

10S. 6104.9119.8122.6

103.6

118.978.3

107.4

104.1101.185.190.881.7

129.2108.6185.3132.294.7

117.2108.0

100.794.7

102. 0255.4171.1119.0113.0161.2168.6167. 7229.1119.3

284.7214.7157.7191.0143.2

161.3

118.2148.4

182.1157.1

175.7292.1174.6140.7144.1131.5349.6

209.1

83.7100.8109.295.982.4

85.2117. 7126.8

119.3110.4107.3

217.8210.7

214.9321.3132.6

1,054. 3169.0133.5108. 5

112.4107.0126.1123.9

112.2

128.086.0

121.3

115.9113.192.9

105.895.6

131.7111.8184.5148.6103.5112.3110.6

99.196.399.7

216. 3158.9121.6110.8130.7125.5155.1198.5

. 120. 9

237.9170.6141.5175.8135.8158.4146.4151. 5114.7136.9

174.4142.3167.0137.9229.8155.7129.3131.4120.4274.6138.9154.0

92.8117.5121.4116.386.2

96.5108.7123.8

122.8122.5101.5

226.3213.0

217.5323. 7138.2

1,104.0170. 3129.9105. 0

112. 0107.2125.8125.9

111.2

127.781.9

120. 3

115.0112.592. 1

102.891.7

141.6113.6239.7147.3105. 2111.9109. 7

98.597.497.5

225.1159.2120.8110.3135.3130.5156.9201.6121.6

244.4172.1141.2

' 178. 0136.6161.7149.7155.4

' 114. 8138.8174.8142.9168.7143.1233.9

r 157. 7132.0

' 132. 6120.4291.8138.6

' 158. 2

92.5• 116.6

118.5114.585.0

94.6109.7123.6

122.1121.5102.1

235.3217.3

222.0327.6142.3

1,156. 5171.2127.2102.5

112.3108.3125.2124.5

111.5

127.783.2

118.7

114. 5111.092.5

103.091.3

128.6114.7142.4144.6106. 4113.1109.5

100. 998.1

101.8233.4158. 9119. 3108.4"139.9136.7158.9205. 6122.0

244.7169.3142.9176.5138.9161. 9152.1157.5115.5141.1

173.4145.8171.6146.9243.3160.0134.1134.5122.5292.2141.4162.6

91.8115.3116.5112.984.4

92.9110. 0123.2

123.9121.0103.9

243.0221.0

226.0330.3147.1

1, 202. 8173. 5125.1100.6

110.5105.8125.3123.8

111. 7

127.782.7

118.1

112.3107.691.4

104.793.4

121.5114.1101.3145.3106.8U4. 7109.3

103.198.5

105. 4240.3159.7117.8107.0143. 8141.9160.9209.6122. 5

245.8177.8142.8178.4140.6163.2153. 6159.3116.0143.5

172. 3146.5174.5149.5251.7163.6134.2136.8122.7292.8143.1172.0

91.8113.7116.3109.583.6

91.3110.0122.9

118.8119. 2103.7

250. 3225.1

230.0333.1152.5

1,259.2176.7122.597.9

111.4106.7125.4124.3

112.5

128.982.7

118.5

112.2107.891.1

104. 993.5

119.1114.484.5

155. 0106.3116.4109.6

104.399.5

106.3243.7160.4117.4107.1149.0147. 4164.4215.4124. 3

253.0180.8145.4180.3143.1164.7155.8163.1116.8145.1

174.2149.0178.7150.3266.7164.3134.7137.4124.0299.3147.2174.8

90.9112.7115.8105.983.0

90.4111.6122.4

114.8118.3

255.1227.5

231.7334. 8156.7

1, 302. 2178-1116.392-4

110.2105.5123.2122.9

111.3

127. 281.6

117.9

112.0108. 291.2

104.192.8

112.9111. 670.5

153.7102.4116.6110.0

102.296.3

104.9248.0159.8116.0106.3151.6150. 0167.1219. 3126.0

254.3179.2146.3186.2144.8165.9156.0163.5117.0145.1

180.1149.7178.1160.8271.3165. 5134.0139.6125.4303.8146.9177.8

83.4111.8114.898.681.2

89.0113.2122.3

111.8119. 2101.8

260.8230.8

235.5331.4159.5

1, 343.1179.6113.890.4

111.0108.6122.4

123. 0

111.5

127.581.7

117.4113.7109.792.8

103.392.1

109.5109.267.0

146.8100.2117.8109.3

103.095.4

106.9251.9161. 3115.2106.1152.8150.7167.9222. 5124. 9

261. 9183.7148.9189.7145.0168.2158.4165.9118.4146.3

183.3152.5183.8164.1278.2168.4136.7142.0127.7317.9147.2181.0

89.5110.4114.496.782.0

88.1114.8122. 2

113.2118.5104.4 I

267.4233. 3

238. 7328.5161.4

1, 378.1178. 8114.090.8

111.0107.1122. 0122.9

111.1

126.981.8

110.9

114.4110.693.2

101.990.5

107.7110.159.5

138.499.9

118.0108.9

101.894. 9

104.6251.8161.7115.6107.2153. 8153.0

• 168,6225.1124.1

266.4185.9149.5192.2145.6

160.7168.0118.3147.0

184.9152.7187.8165. 0283. 3170.1139.9143. 2128.4321.5147.8184.9

89.4109.1113.496.382.3

87.4115.5122.0

116.1117.4104. 9

268.4234.1

240.9324. 3162.3

1,399.3179.2114,191.1

109.8105. 6122.3122.0

109.6

125.5

114.6

112.6109.791.699.888.5

105.5107.166.9

129.399.9

117.7108.4

100.695.8

101.0258. 3162.4116.0108. 4153.8153. 3168.5

' 225. 9123.2

270.1189.6150.1192.4145.4

160.4168.8118.1146.9

185.2151.9190.1162.8286.8170.3139.8143.9129.3321.5151.9191.0

106.2112.698.282.1

86.6117.1122.8

125.1118.4105.1

268.3235.2

242.6318.5164.0

1,412.0178. 8114.091.2

108.6104.9121.5121.0

108.3

123.780.1

113.8

109.6106.988.797.085.9

103.9107.168.2

127.896.3

117.7108.4

100.495.7

100.6256.4163.2117. 3109.7153.9153.9168.3226.0122.8

269.6193.6151. 2190.0146.1

159.2168.3117.7147.0

182.5152.8190.2169.9287.1171.1137.7144.0129.7320.6154.2194.3

87.3103.8110.9.98.281.7

86.4117.5123.2

126.5118.4105.

271.1236.7

243.4312.8167.9

1, 441.6180.9114.891.7

109.1105.1122. 5121.7

107.8

123.279.9

112.6

103.0105.687.896.084.9

111.5108. 9'81.2132.195. 7

119. 0109.4

101.895.7

103. 2257. 7168. 2118.5111.0158.4157.1169.8

' 228. 5123.6

274.2198.2153.5190.1146.5

159.4170.2118.8148.7

181.8154.0192.4171.5289.0172.7137.4145.0131.7330.1159.1198.8

86.5102.7

' 110. 598.882.6

86.5117.7124.7

128.9119.6

' 106. 7

' 275. 5' 236. 8

' 244. 4301.8172.6

1,452.6180.6115.191.8

109. 8105.9122.1

r 122.6

106.5

122.379.3

110.5

105.6104.184.495.084.5

' 119. 3109.7

' 120. 3' 133. 7

95.1118.9109.1

103.494.4

106.6' 258. 6

168. 2119.1

' 112.6158.9161.7' 169.6229.5122 A

280.2200.8155.5190.7144.5

159.5170.7

r 119. 0149.1182.3155.7193.1173.7293.2174.4135.6144.0131.8335.2161.5203.1

86.2102.2

' 108.198.882.3

'117. 7126.8

125. 2r 118.7

107.6

' 276.7' 236. 8

245.6289.5

' 177. 5

1,451.7' 180. 9'114.6

91.7

' 110. 4106. 5

'121.8' 124.0

r 105.2

120.879.1

108.3

' 105. 7102.786.1

'93.683.8

' 129. 9109.0183.8135.0r 94.8

' 118.5109.4

' 102. 994.4

108.1' 257. 0

169.3' 119. 7

113.4' 160. 3

165.2' 168.8' 229. 6' 120. 9

' 297. 7r 212.4

156.4' 191. 5

143.8

160. 2

r 118. 9149.3

r 182. 1156.6175.5

r 302. 4174.9138.8

' 144. 1' 132. 2

357. 2160.7

' 206.4

'84.1' 101. 4r 105. 5'98 .1'82 .8

'86.1' 117. 6' 127. 5

' 119. 4' 113. 8

107.7' Revised. § Index is being revised.t Data for December 1941—July 1942, which were not available for publication currently, are as follows: Employment—1941, December, 249.8; 1942—January, 260.0; February,

271.9; March, 283.6; April, 295.4; May, 301.9; June, 311.0; July, 317.1. Pay rolls (page S-12)—1941, December, 378.0; 1942—January, 410.2; February, 429.7; March. 453.0; April, 466.1;May 489.2; June, 507.0; July, 506.8.

t Revised series. The Department of Labor's indexes of wage-earner employment in manufacturing industries have been completely revised; see note marked "f" on p. S-9.Revised seasonally adjusted employment indexes are as yet available only for all manufacturing, durable goods, and nondurable goods; the indexes for all manufacturing and fornondurable goods are preliminary. Earlier data for the New York City employment index not shown in the July 1942 Survey and subsequent issues and for the Massachusettsindex, shown on a revised basis beginning in the May 1943 Survey, will be published later. The Department of Labor's indexes of employment in nonmanufacturing indus-tries have been revised to a 1939 base, and, in some instances, adjusted to 1939 Census data; for data beginning 1939, see p. 31 of the June 1943 Survey.

* New series. Indexes beginning 1939 for newspapers and periodicals and printing, book and job, and beginning 1935 for the employment indexes for California and the Los Angelesand San Francisco industrial areas, will be shown in a later issue.

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

Page 33: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

November 1943 SUKVEY OF CUEKENT BUSINESS S-ll

Monthly statistics through December1941, together with explanatory notesand references to the cources of thedata, may be found in the 1942 Sup-plement to the Survey

1943

Sep-tember August Sep-

tember

1942

Octo-ber

Novem-ber

Decem-ber

1943

EMPLOYMENT CONDITIONS AND WAGES—Continued

EMPLOYMENT—Continued]

Nonmanufaeturing, unadj.—Continued.Trade:

Eetail, totalt 1939=100.Food* do__-General merchandising! do _ _ -

Wholesalef do___Water transportation* do_ _ _

Miscellaneous employment data:Federal and State highways:

Totali number-Construction (Fed. and State) do.-.Maintenance (State) do

Federal civilian employees:!United States thousands-

District of Columbia do_-_Railway employees (class I steam railways):

Total thousands.Indexes: Unadjusted! 1935-39 = 100.

Adjusted! do___

LABOR CONDITIONS

Average weekly hours per worker in factories:Natl. Ind. Con. Bd. (25 industries').-hours..U. S. Dept. of Labor, all manufacturing!

hours _.Durable goods* do

Iron and steel and their products*-doBlast furnaces, steel works, and rolling

mills* hours.Electrical machinery* doMachinery, except electrical* do

Machinery and machine-shop prod-ucts* hours.

Machine tools*,. doAutomobiles* do _ _ _Transportation equipment, except auto-

mobiles* _' hours _.Aircraft and parts (excluding engines)*

. hours..Shipbuilding and boatbuilding*.do..__

Nonferrous metals and products*, doLumber and timber basic prod*._.do___Furniture and finished lumber products*

hours _.Stone, clay, and glass products*--do

Nondurable goods* doTextile-mill products and otherfiber man-

ufactures* hours..Apparel and other finished textile prod-

ucts* hours _ _Leather and leather products* doFood and kindred products* doTobacco manufactures* doPaper and allied products* doPrinting and publishing and allied indus-

tries* hours...Chemicals and allied products*_.-doProducts of petroleum and coal*-.doRubber products* do

Average weekly hours per worker in nonmanu-faeturing industries CU. S. Dept. of Labor):*

Building construction hours _ -Mining:

Anthracite doBituminous coal doMetalliferous doQuarrying and nonmetallic do

Crude petroleum and natural gas doPublic utilities:

Electric light and power doStreet railways and busses doTelephone and telegraph do._.

Services:Dyeing and cleaning do__.Power laundries do__.

Trade:Retail, total "_.do__.Wholesale do. _

Industrial disputes (strikes and lockouts):Beginning in month numberIn progress during month do__Workers involved in strikes:

Beginning in month thousandsIn progress during month do__

Man-days idle during month do__

97.6103.7112.393.8171.8

1, 418134. 7131.5

98.5110.0104.5101.1S4.5

238, 72290, 022117, 972

2,451275

1,349129.6126.9

43.2

43.045.343.7

40.246.449.4

48.852.845.1

47.3

46.747.644.841.8

41.440.140.2

40.3

36.238.441.339.541.2

38.043.339.542.3

37. 3

34.032.143.444.738.8

40.048.540.7

42.843.2

42.140.9

330430

92108449

101.1109.7112.6100. 286.9

219, 04780, 836109, 076

2,549281

1,349129. 6126.5

43.4

42.444.643.0

39.946.048.0

47.851.244.1

46.7

46.347.044.141.0

41.039. 339.7

39.4

34.936.741.838.640.8

38.242.739. 541.6

37.8

35.833.543.244.7

40.147.441.4

43.143.1

41.141.2

274349

101387

104.3112.0121.8100. 9

211, 75178, 031105, 701

2, 687284

1, 348129. 5125,3

43.6

43.645.844.3

40.946.749.5

49.052. 545. 2

47.1

46.347. 645. 442.5

42. 841. 340.8

40.4

37.138. 94L.640.443. 4

38.543. 640. 512. 7

37.9

35.134.243.845. 739.8

40.547.940.6

43.543.3

40.941.7

207269

6267244

106.6111.4132. 5100.198.3

186, 94258,947100,898

2,750284

1, 343129. 0127.9

43.7

44.046.144.8

42.047.049.5

49.052.845.5

47.7

46.648.046.041.7

42.841.441.3

40.8

37.039.042.440/644.0

39.543.941.843.4

38.0

35.734.444.245.638.7

39.849.040.7

43.143.3

40.841.7

144172

5255128

117.0111.2166.399.698.4

161, 01040, 58894,108

i 2, 891284

1,351129. 6131. 6

44.446.145.3

41.747.049.6

49.453.045.5

47.5

46.947.746.141.3

43.741.842.1

41.5>'• ¥

37.440.343.941. 244.9

40.244.741.844.5

37.8

35. 935.744.043.840.5

40.849.940.7

43.344.0

41.041.8

147169

5962193

99.0107.0112.397.7100.8

147, 91533, 65588,831

2,864285

1,346129.3134.4

44.3

44.245.945.0

41.947.049.6

49.652.545.7

46.9

46.547.146.039.8

42.841.741.8

41.3

37.440.343.239.644.2

39.844.541.144.4

37.1

31.034.743.344.339.9

40. 549.241.1

43.644.1

41.341.4

195225

90100450

97.3106.4108. 897.6110.2

144, 70633. 32886', 527

2,945287

1,340128. 7132.0

44.5

44.546.245.8

42.846.949.6

49.351.846.0

46.7

46.246.745.941.9

43.641.842.0

41.5

38.240.242.938.544.5

39.544.642.444.6

36.3

41.537.043.644.440.6

40.549.741.2

43.043.7

41.141.6

210240

4248170

98.3106.1111.097.3117.0

146, 55035, 62387, 052

2,979285

1, 352129.9133.2

44.7

44.746.446.1

43.247.149.7

49.652.045.7

46.8

46.246.946.6

k 42.4

43.942.142.3

41.6

38.840.443.439. 544.9

39.845.042. 645.1

37.4

41.338.643.743.840.8

41.049.441.1

43.543.8

41.141.7

260300

7275

230

100.8106.3116.496.5124.9

154,16442, 84187,429

3, 006283

1,374132.0134.1

44.9

45.046.846.2

43.547.049.8

49.652.045.9

47.5

47.347.746.843.1

44.542.742.5

41.7

39.040.243.340.045.3

39.845.543.545.1

38.1

41.236.943.946.041.2

40.848.941.3

45.744.4

40.741.8

395445

200205675

98.5' 105. 6' 112. 5

95.1131. 8

163,44649,17590, 363

3,031280

1,378132.3132.9

45.3

45.246.946.4

44.147.349.7

49.351.846.3

47.5

46.847.847.143.8

44.642.942.8

41.9

38.440.144.640.245.6

39.945.744.545.4

38.1

36.135.244.346.441.0

40.849.042.2

45.144.4

40.941.7

395450

620625

1,275

98.9105.7112.795.8143.0

175, 44655, 23995, 645

3, 253280

1,411135. 5133.7

45.2

'45.146.8

"46.4

'44.247.049.4

49.2'50.746.2

'47.1

46.5'47.746.9

'44.4

'44.0'43.1'42.7

'41.5

38.1'39.844.941.045.7

40.145.6

'44.946.0

39.5

28.228.4

'45.047.342.6

41.749.542.1

45.344.1

'41.042.5

400435

950955

4, 750

96.6104.2108.696.0152.5

180, 22826, 786128,699

3,223279

1,418' 136:3' 133. 5

45.0

44.446.045.5

43.9'46.2'48.1

47.9'49.546.0

'46.8

'45.5'47.9'46.1' 42.8

'42.141.8

'42.1

'40.8

36.9'39.244.442.144.6

'40.245.3

'44.9'44.1

39.0

37.737.1

'43.746.543.3

'42.0'49.442.2

44.243.9

'41.742.4

(2)(2)

(2)(2)(2)

'94.9' 102. 5' 105.4'95.3' 162.1

181,86359, 54798, 090

3,100274

1,406135.1132.4

45.0

45.046.846.7

45.746.948.8

48.449.747.1

47.0

46.147.846.645.3

45.243.542.4

41.3

37.640.143.641.145.6

40.745.746.144.1

39.3

42.240.546.648.243.2

42.151.242.1

44.144.0

42.142.9

' Revised, i Includes about 80,000 excess temporary Post Office substitutes employed only at Christmas; such employees have been included in data for earlier years.2 Temporarily discontinued by compiling source.% Total includes State engineering, supervisory, and administrative employees not shown separately.\ Data beginning June 1943 are not comparable with earlier figures as a result of differences in coverage under a new reporting system. Beginning that month, data include persons

serving without compensation and $1 a year employees, previously unreported, and exclude employees on terminal leave who were formerly included. Includes only personnel per-forming services in 48 States and the District of Columbia. The estimated United States total for June 1943 comparable with earlier figures is 3,068,000.

! Revised series. For data beginning 1939 for the Department of Labor's revised indexes of employment in nonmanufaeturing industries, see p. 31 of the June 1943 Survey. Forrevision in the Department of Labor's series on average weekly hours in all manufacturing industries, see note marked "'[" on p. S-13. The indexes of railway employees has beenshifted to a 1935-39 base and the method of seasonal adjustment revised; earlier data not shown in the May 1943 Survey will be published later.

*New series. Indexes beginning 1939 for retail food establishments and beginning 1940 for water transportation are shown on p. 31 of the June 1943 Survey. Data beginning 1939for all series on average hours for the manufacturing and nonmanufaeturing industries shown above will be published in a later issue.

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

Page 34: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

S-12 SURVEY OF CURRENT BUSINESS November 1943

Monthly statistics through December1941, together with explanatory notesand references to the sources of thedata, may be found in the 1942 Sup-plement to the Survey

1943

Sep-tember

1942

August Sep-tember

Octo-ber

Novem-ber

Decem-ber

1943

Janu-ary

Febru-ary March April May June July August

EMPLOYMENT CONDITIONS AND WAGES—ContinuedLABOR CONDITIONS—Continued

U. S. Employment Ser. placement activities:Nonagricultural placements! thousands^.

Unemployment compensation (Soc. Sec. Bd.):Continued claims _ thousands. _Benefit payments:

Individuals receiving payments • - .doAmount of payments thous. of dol__

Labor turn-over in manufacturing establish-ments:^

Accession rate__mo. rate per 100 employees..Separation rate, total do

Discharges doLay-offs... doQuits doMilitary! doMiscellaneous f do

PAY ROLLSWage-earner pay rolls, all manufacturing;

unadj. (U. S. Dept. of Labor)f_. 1939=100-Durable goods do

Iron and steel and their products...doBlast furnaces, steel works, and rolling

mills 1939=100-Electrical machinery , doMachinery, except electrical do

Machinery a n d machine-shop pro-ducts 1939=100-.

Machine tools? doAutomobiles doTransportation equipment, except auto-

mobiles . 1939=100-Nonferrous metals and products doLumber and timber basic products.do

Sawmills doFurniture and finished lumber products

1939=100--Furniture do

Stone, clay, and glass products doNondurable goods do

Textile-mill products and other fibermanufactures 1939=100..

Cotton manufactures, except smallwares .1939= 100..

Silk and rayon goods doWoolen and worsted manufactures (ex-

cept dyeing and fin ishing). 1939=100..Apparel and other finished textile products

1939=100.-Men's clothing doWomen's clothing do

Leather and leather products doBoots and shoes do

Food and kindred products doBaking doC anning and preserving doSlaughtering and meat packing...do

Tobacco manufactures doPaper and allied products do

Paper and pulp do"Printing, publishing, and allied industries

1939 = 100.-Newspapers and periodicals* doPrinting, book and job* do

Chemicals and allied products doC hemicals do

Products of petroleum and coal doPetroleum refining do

Rubber products doRubber tires and inner tubes do

Manufacturing, unadj., by States and cities:State:

California* 1940=100-.Delaware 1923-25=100..Illinois 1935-39=100..Maryland 1929-31 = 100..Massachusettsf 1935-39=100. .New Jersey§ 1923-25=100 .New York 1935-39=100..Ohio d o . . . .Pennsylvania 1923-25=100Wisconsin 1925-27=100..

City or industrial area:Baltimore 1929-31 = 100 .Chicago 1935-39=100.-Cleveland doLos Aneeles* 1940=100Milwaukee 1925-27=100..New Yorkf. 1935-39=100..Philadelphia 1923-25=100..Pittsburgh doSan Francisco* 1940=100..Wilmington 1923-25=100 .

909

389

754,433

328.3461.3312.8

232.7487.7435.2

446.3455. 3338.7

2,945. 8336.8197.7162.1

183. 2176.7188. 5198.3

172.0

204.8131.8

194.9

163.4153.8136.1143.1131.1185.1155.3308.1191.3155. 0176.6168.4

128.9114.5133.1438.4285. 5195. 0182.4273. 4277.2

540.5394.4281.2395.0285.7

295.1

195. 2259.4

386.9278.1

542.2301.7242.8261.5223.4670.3395.1

640

2,576

54328, 252

7.907.06

.42

.874.311.13.33

254. 8342.0251.5

196.6343.9352.6

352.1520.5218.0

1,920. 8268.5199.1164.1

159. 8154. 3169.6169.5

166.3

202.2126.9

198.1

151.4146.4119.6146.3134.9161.6138. 5266.2173.4144.3147.1149.7

110.2105.5110.8326. 4221.6156.4139. 9184.4172.9

376.5256.9210.3310.0229.4243. 0229.8255. 3160.3216.5

310.2206.7300.9367.4242.9184.3205.3168. 4434.7250.1

650

2,026

42322, 395

9.158.10.44.685.191.48.31

261.8352.4255.4

199.7368. 6352.3

354.8510.4225.2

2,053. 3273.3192.2158.4

158.1154.1168. 4173.3

166.8

208.2126. 5

196.3

147.4142.5115.8145. 6134.9173.2140.7373.4173.0144.1147.0148.5

111.2107.8110.3338.5222.1160.5144. 3189. 9178.6

397.5270.8210.3

' 322. 8235. 9255.4239.9261.2

' 162.0' 212. 8

320.6209.0306.0378.4

r 245. 8192.3

'212.6171.5481.9

' 260. 8

1,517

31016,895

8.697.91.45.78

4.651.71.32

270.9366. 2264.1

200.7382.7371.5

371.5532. 8235.1

2,116.3282.7198. 2163.0

168.2164. 5178.9177.7

173.0

210.6130.8

198.2

157.0148.4127.1149.2134.5164. 4143.5225.9176.8153. 7158.9158.9

116.3109.4119.1351.4230. 6160. 8145. 7201.9190. 0

403.7277.8220.4330. 5244. 5261.5248.4275. 0168. 2228.7

329.4218.4325.8402.5261.1198.4217.9177.0481.9271.3

1,128

22211, 574

8.147.09.43.654.211.55.25

280.4382.8270.1

204.1402.8381.5

381. 9545.3261.4

2, 275. 9292 2188.7152.8

165.0158. 2179.2180.3

175.4

212?8131.3

201.0

152.7144.7123.1153. 4137. 4160. 5144.0162.8181. 3157. 4163.5161.1

122.4111.3127.5365. 3235. 8165. 4150. 9213.3205. 3

421.0294.7223. 7339.4248.0269.3252. 8285.1172.4236.5

336.2223.0339. 0426. 3271.3200.7226.9181.2516. 3288.9

616

1,130

19311, 558

6.926.37.46.703.711.29.21

287.9391.6278.7

203.8415. 5392.9

394.6554.5255.1

2, 348. 0303.2181.9144.4

170.6163. 9181.2186.4

180.8

217.7133.7

207.9

154.0145. 7124.0159. 5144/5165. 4149.3138.2213.6159.6168.5163.6

126.5113.4132.9383.4240.8165.1151.52:86219.7

430.3288.2233.1335. 0257. 4276. 3261.1294.9175.0244.1

333.1231.9345. 2443. 2277.22036230.8186.3521.5288.0

659

1,228

22712,183

8.287.11.52.744.451.26.14

290.9399.8283.5

208.8427.4400.2

402.1562.1277.9

2,406. 0305. 8166.9130.9

165.9159.6178.5184.5

179.6

215.8134.4

207.5

155.9149.6125. 0158.9146.8155. 6144. 3115. 4202.9147.8167.6162.3

121.8107.2128.0391.2247.2162.8149.3234.6226.6

436.5292.8233.6357.1267. 3281.0264. 5300.0176. 6244.6

350.9232.8355. 8454. 9278.9208.0236. 6189.0529.7295. 7

648

1,059

20910,882

7.877.04.50.544.651.23.12

297.5410.6291.2

211.8441.6410.0

413.4557.7282.2

2,486. 5308.6173.7138.7

171.8165.6179.2186.9

181.1

217.2132.2

207.2

167.5159.2137.2157. 4143.1150. 7141.5112.8185.1138. 5171.3164.8

121.6107.3129.1400.9250.0164. 9151. 3238.3228.9

454.5299.2244.8362.0265.9285.8274.6308.1181.3252.6

355.6244.7373.0474.4292.3220. 7243.7197.6549.9301.4

718

945

18210, 750

8.327.69.57.52

5.361.12.12

304.5421.0297.6

215.3453.7417.7

421.5559.1283.9

2, 583. 3312.1179.4143.5

174.9169.5181. 9190.7

182.4

217. 4133.5

208.3

177.5168.5148.0158.1143.7151.3145.898.9

180.4143.3173.1165.6

122.3108.2127.7409. 7255. 4166. 8154. 2246. 2239.7

466.1316.0249.5359.0271.8

285.8317.1184.7256.8

354. 5249.1389.2488.6297.6234.9248.0205. 5560.4320.1

689

695

1317,355

7.437.54.53.64

5.41.87.09

309.7430.4301.7

217.4454.7422.3

' 429.3555. 2286.7

2,692. 9318.5186.2151.4

177.9171.5185.3191.7

181.2

217.1135.0

205.4

174.8169.7143. 8155.9141.0150.3143. 4114.1170.4146. 8175.5167.2

121.7109.8123.9423.6261.8173.9162.8248.1240.2

486.2330.9255.7391.4274.7

288.6320.0186. 5260.1

384.1254.6394.4512.0299.9235. 5251.9207.1574.7335.8

,708

610

1191,382

7.186.57.55.45

4.81.69.07

313.5437.1303.5

222.2458. 9427.2

432.5547.2297.1

2, 736. 7322.0196.1160.4

178.9171.5187.7192.6

180.7

216.0135.4

205.0

164.3162.8131.0153.0137.3158.5147.8117.0190.5144.4178.0170.3

123.0110.7126.1425.2265. 4182.3170.5250.9243.9

495.0346.1259.8376.4278.0

284.9325.3188.2259.8

370.2258.2404.9520.6296.4226.7253.8211. 6582.5352.6

862

592

1005,938

8.407.07.61.505.20.69.07

' 317.1' 441. 6' 304. 6

' 223. 8463.9428.0

435.1526.3305.8

2, 768.0325.0200.8163.8

181.1174.2189.6

' 195. 4

' 178.7

211.3135.3

206.8

161.7159.1130.6150. 8134.4167.4151.6

' 137. 2' 200.8

149.3180.9172. 9

126.4112.0131.4432.5274.0

' 187. 5r 175. 2

264.0256.5

503.2355.1266.3376. 4282.1

287.7' 328. 9

190.9265.2

370. 8263.9

' 406.6523.0300.6228.7258.0215.5596.6362.3

547

915,554

7.837.56

.505.61

' 315. 6' 439. 7'299.6

' 223. 7' 462. 8' 420.1

' 425. 5491.2314.3

2,790.6321.1193.3156.2

178.6171.8184.4

' 194. 2

' 173. 0

207.0' 130.8

198.2

155.8151.3125.3145.9131.4

' 175. 9153.4

' 200. 7' 203. 9

153.5176.3168.8

127.0112.4132.7

' 435. 7277.0

' 190.3179.9256.1253.3

507.7367.9267.4384.6275.4

283.6326.1

' 189. 4259.0

378.3264.4402.8523.4296.6226.2

' 254.8215. 0611.0375.8

907

895,191

7.528.12

.466.24

' 322. 4' 448. 5

308.1

229.9' 475. 3"•423.9

'429.9470.2324.2

2,811.3325.4206.0169.0

185. 5179.2192.3

' 199.1

173.2

203.6133.6

198.3

164.1153.8137.5147.8135.4

r 188. 2152. 5

' 322. 0' 201.6' 151.1

181.9175.2

128.8112.7134.8

' 435. 8281.0197.1184.8258.4253.8

' 539. 2' 383. 7

273.3' 385. 7

280.7

291.4

' 194.4263.6

' 377. 2270.0

' 537. 0301.4238.0

' 254. 5'221.8

642.7' 383.9

f Revised. §Index is being revised. JSee note marked " t " on p. S-10. 1 Military separations formerly included in "Miscellaneous."• Weekly average of number receiving benefits, based on an average of the weeks of unemployment compensated during weeks ended within the month.cfRates beginning January 1943 refer to all employees rather than to wage earners only and are therefore not strictly comparable with earlier data.tRevised series. The series on placements by the U. S. Employment Service has been revised beginning in the Ausrust 1943 Survey to exclude agricultural placements which are

now made only in cooperation with the Department of Agriculture extension service; comparable earlier data are available on request; the series on applications formerly shown in theSurvey have been dropped, as placements are now made, in many instances, without filing formal applications. Indexes of wage-earner pay rolls (or weekly wages) in manufacturingindustries have been completely revised; see note marked "f" on p. S-9. Earlier data for the revised pay-roll index for New York City not shown in the July 1942 Survey andsubsequent issues, and for the Massachusetts index, shown on a revised basis beginning in the May 1943 Survey, will be published later.

*New series. Data beginning 1939 for the indexes of pay rolls for the newspapers and periodicals and printing, book and job, industries and beginning 1935 for the indexes of payrolls for California and the Los Angeles and San Francisco Bay industrial areas will be shown in a later issue.

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

Page 35: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

November 1943 SURVEY OF CURRENT BUSINESS S-13

Monthly statistics through December1941, together with explanatory notesand references to the sources of thedata, may be found in the 1942 Sup-plement to the Survey

1943

Sep-tember

1942 1943

! Octo-• ! ber

Novem- J Decem- jber ber

Janu-ary

Febru-ary March j April j May June

EMPLOYMENT CONDITIONS AND WAGES -Continued

July August

PAY ROLLS—Continued

Nonmanufacturing, unadjusted (IT. S. Dept.of 'Labor): I

Minim-t !Antlnacite . 1939 = 100..Bituminous coal - . . . do . .Metalliferous do ... '.Quarryini> and nonmetallic . . do '

Crude petroleum and natural gast ._ do. . . ' .[ Public utilities: \ i

Klectric li'jht and power . d o . . . .Street raiiw ays mid busses . ..__ doTelephone and telegraph.. _. _ . do. . '

•services:* JDyeing and cleaning- doPower laundries _ _ . do .Year-round hotels . , . . . do _

Tsade-Uetaii. totalt . do . •

Food* . . . do .General merchandising*. do.

Wholesale* ._ doW i'cr transportation* do

WAGES

F letory werage weekly earnings.N.itL Ind. Con. Bd, (25 indush ies> dollaisI. S. Dept. ot Labor, all nifut do

Duiable goodst.. _ dolion and steel and their prod T do

Blast lurnaces steel w 01 ks. and rollingmills* . _ dollars

Electrical machinery! . . doMachinei y, except electrical* do

Machinery and machine-'hop prod-ucts*. _*.___ _. dollais

Miu'liinc tools do_\utomobi!'\sT . doI'lansporatiou equipment, except aulo-

mobihsi dollaisAirctalt and parts (excluding engines)

doll-usShipbuilding and boat building do

VonlVnous metals and [)ioductst doLumber and timber ba icptod * do '

Sawmills^.. . do .Fui nit ure and finished lumber piodueisi

dollarsFinn<fure . - do

Stone, clay, and alas* productst . doN'onduiable i>oods+_ . do _

Textile-mill p'oducts and other fibermanulacturest . dollars

Cotton manulaf 'UPes, except smallwaiesf _ . . . doll,us

Mlk 'md rayon goodsf do\\ oolcn and worsted manufactures texe .

d\eing and finishum)* dollaisVpparel and other finish* d textile prod-

uct.-+ .dollaisMen's cl'jthinct . . <lo\\ omen's elothin<>* do

I.eathci andleathet products* doBooN and shoes' . do

Food and kindred productsf . . do _Baking _ _ do . jCannirm and prcsen ing* doSlauiihler ing and meat packing- do

Tobacco manufactures* _ . doPaper and allied products*.. -- do ]

Papei <md pub1 doPrinting, publishing, and allied indus-

tii^sf . . . . . dollarsNewspapers and periodicals* doPrinting, book and job* do

Chemicals and allied products doChemicals _ do

Products of petroleum and coal* doPetro]<>um refining . . do

Rubber pioducist . . . . doKubbei twes and i n n c tubes do

r'lelorj axeraue hourlx cur ing- -\ a t l ! Ind. Con. Bd. (25 indus'iif O do . _' r . s Dept. of Labor, all mlu.* . do .

1 Hn t»ble food.-i doIron and'-teel and theii rroddcts* do

JUnsl f n i n a u s steel woiks, and ioil-in- niillsi . . . doll us

12:5. 0170. 1108 0175.2102.3 i

128. 117."). 3103.0175.4100.4

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1. 0219f.5

LOW)1 037

' lv\>\ i-vd. §Rc\ ision- in 1912 im;nthl;> a\< nvso< shown in the April 1913 Surve\ : \\ cekh cat nines $25.5s hourly < nniintis ^0.035t Ke\ i <'d ^-eiie.s. For ie\ised diua be»inn'iim 1939 for the mde\cs oi p-\> roiK in nonmanufaftuiing industries, M'i p. 31 of the June 1913 Survey. The Department of Labor's

set ies on Ih.uilx earnings and houi.s p(-r week fp. S-ll) in manulactinine in>ii:!'lu>ioii oi additional data for industries not heielofon* coven-d ande \ tens ivwhich are used lor weightinr purposes. Tin si>rio> of aveiago weekl\ ea ricoinimted by takintr the product of th(^ a\eraues of hourly earnings and hornM! the 1939 Census of Manulactures and the Standard Industrial C l i f i

ii"? ha \ e been revised and (litter horn those published prior to the March 19*3 Sur\oy owini1 to therortcctions, on the ba-is of Cgs for all manuf H'turing, <li

woiked pe» week. The, indu:i Manu'il: tln-io WITC no char

role Data for \eais piior to 1912 for all series will be published in o subsequent issue; fiaures foi\ i Jd b i 39 f l f d tblil d b 1940 f f tr i e s . J n d e x t - . b c u i n n i n u U'39 fo1 i e i . r . l food e s t a b l i s h m e n t s a n d b e ' i n n i n g 1940 for w a f e r t r a

e k h e - » ' i i ; n u - > m t l K M ' c u s p a j . e r s n u \ p i i i o - u c i N ' i n d p i i n l i n e , 1 / o k i n d j o b i n d u - l i i e s w m b>> i m b l i V u - i h - t

i sus -ind Social Securi ty da ta , in the employment es t imates of the Bureaurable yoods, nondurab l e goods, a n d t he indus t ry group averages are nowst r \ cla^-ilicario'is liaxe been revised for all serie>'to agiee w ith definitions.gcs, l iowever, ki th«i da ta for the industr ies which do not can \ a reference1 the e u ly m o n t h s of 1942 are in the \la1 -ch 1913 Sm \ e y .

on p. 31 of *he Iun«- 191.) ->u:-ve\. Fa t Her da t a for

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

Page 36: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

S -14 SURVEY OF CURRENT BUSINESS November 1943

1943Monthly statistics through December

1941, together with explanatory notes jand references to the sources of the j—data, may he found in the 1942 Sup- j Sep-plement to the Survey j tcmber

1943

AugustSep- I

tember IOcto-ber

Novera- \ Deceni- j Janu-ary

Feh r li-ar v March ! April May June July I Angus

WAG ES— G ontinued

EMPLOYMENT CONDITIONS AND WAGES—Continued

Factors o\cr ige lio.nl> L inuncs ('oni'mii <\U. S. 1)( pt. ot L iboi, all mle CoiJ mued.

Durabl > <>oods- Continued.Elf ctric ll machmei j t dollarsAL.tlnp J i \ , except electucal T do

Machinery and nru iiine-shor« piod-ucts f doll irs

Machine tools - doAutomobiles f . _ do'i ran^pf it'lKori equipment, c \( * pf uKo

Aircraft md paits (t \( lmLnj; en "in ->>d,11 irs

bhipbuildingandbf ltbuildiiu doXonlenousmetal- m d p i o d u u s t doLumbei and timber 1 asic produds T

do'l irsSaw milK 5> . do

Fumitu ie and finished l u n d i r prod-ucts t . . . . doilirs

Furmlurc doStone, d a \ , and irlass ]>roducts + do

Nondural le iroods+ _ (io'le\tile-mill pioducts ind cither fib-1

manufu lures t dollarsCotton inanul u funs , e\C( pt MI> n

wan b + <loll irsMlk and r i\on goods + doWoolen and w orsted niannfaot un M( \<.

dveiiiL, ind firiislunt: T dollu-.Appard and {ther finished UViU

products t d»llu-Men's clothing +. . doWorm n's eloth'ner +. _ d< .

Leat in r and leat her products 7 do"Hoots and sho< ^ do

Food ind k indnd products T . doHakum doCanning and pies(i\nm t doMTU ditt i mg and nu at p ickinsr do

rl obacco manuf U'lures 1 doPapei and alia d ptoducts T - do „

Paper and pulp doPnrUniL', publishing, and allied mdu-

11 us t ._ dollarsNew spapv rs md pt nodicaK * doPrinting, book md job ' do

Chenne d- and alLed pioducts T doChemiciK do

Product - of pi troli inn and co d \ do1 (trol* um refining . . . do

Rubh< r produds + . doRubin r Lin ^ and inner t u b e do

Factory a\eraae weekly earnings, bv -staler:California* . . . . 1940 = 100Delaware _ . 1923 2" = iO()Illinois . . l<H5-39-lOOMassichusoftst . . . . . . 19:55 >>9-]oo

New lork . '.'..' . 1<V> 3Q = ioOPenns\K una 1M2-5-25- 100Wisconsin . 1025 27-100

Nonm mufacluripg industries, a\cra'-e hourlvearri'Pjrs (^ S. Dept. of Labor).*

Building construction dollar*Mining: :

Anthracite . do ! _Bituminous coal do LMetalliferous do .Quarrying and nonmetallic do

Crude petroleum and natural gas do ; „Public utilities: ;

Electric light and power do ; _Street railways and busses „ do j .Telephone and telegraph do i _

Services:F) ye ing and cleaning,.. d o . . . .Power laundries do

Trade:Retail . . d o . , . .W holesale do j .

Miscellaneous wage data:Construction wrage rates (E. N. R.):f ;

Common labor dol. per hr . . 'Skilled labor do

Farm wages without board (quarterly) 1 \dol. per month. . : .

Railway wages (avg., class I) dol. per hr ...••_

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'0.071' 1.062

1.045' 1.0641.243

' 1. 195

1.073«• 1. 264T 1.016

. 738

. 724

r, 745. 765\ 849r. 805

.661

. 5'.'0r. 613

.809

. 706r. 7 If.r. M U'.711'..714. soo.sol. (\9r^. Ss()

" 051

' s."l

r 9971 1U3. 9(')3. 92s

r1.07'i'1. 13',''1 21 i*1.0!M

1. 1S1

1 so. 5r17f> 7175 1I'.-O. I.

177. sisl. 1

r 178 s

01

111

1

111

11

11111

1' 11

975063

043056219

200

. 070278018

.744

. 732

. 750

. 771

. 853

.811

.M-

- 587.648

.813

,728

". 880.750. 723. 805.802. 746. 882. 658, 804. 859

. 002

. 201

. 905, 9*?A

.071

. 137

. 208

.01'

. 1 64

79 e74.277. 9

195. C

....

r 1

1

*}'s

ss! o76. 6

1.280 ' 1 281

. 848

i1

1

1

1 7

.0 18

.121

. 9s 2ysl

.09.)

08s. cS7'J. bo~

.649 !

.544 j

.669 '

.926 :

.8631.61 :

1.84.839

1.00;1 150

. 7(M

1.117

I.O60'.SSI.S"5

.644 !

.549

.675 :

.933

. 8631.62

76. 00.843

!. 0731. 147.980. 800.1.110

1.077.888. 861

. 649

.552

,678, 944

. 8091.62

'""845

r Revised. l Farm wages as of June 1 (data now collected for selected months between quarterly reports).t Data are not strictly comparable with figures prior to July 1942 published in the Survey, because of a change in the reporting sample.§ See note marked " § " on p. S-13. d1 Index is being revised.1 Rates as of Oct. 1: Construction-common labor, $0,869; skilled labor, $1.62. Farm wages—$7.5.44.t Revised series. " ' ' " •' ' • - - - - - - • - - - •-

The inc"

manufacturing industries will be published later. Data for building construction, the" mining Industries, dyeing and cleaning plants, and power laundries relate to wage earners only;for crude petroleum and natural gas, the clerical field force is included; for the public utilities, all employees except corporation officers and executives are included; and for the tradegroups, all employees except corporation officers, executives, and other employees whose duties are mainly supervisory. Data beginning 1935 for the index of factory average weeklyearnings in California will be shown in a subsequent issue.

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

Page 37: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

November 1943 SURVEY OF CURRENT BUSINESS S-15

Monthly statistics through Dt-cpinl cr ,1911, together with explanatory notes Iantl references to the sources of the .—data, may be found in the 1912 Sup-plenient to the Survey {i

1912

ep- j Octr-

1943

No\< iibci

Fehru- I March ! April [ May June July August

EMPLOYMENT CONDITIONS AND WAGES—Continued

PAY ROLLS—Continued i

Miscellaneous wage data.—Con.Road-building wages, common labor: !

United States iverage dol. per hour..; 0.76EastN rth Central do | .95E ist-5outh Central do j .58Middle Atlantic do .... j . 91Mountain ..do ; ,80New England do. j .97Pacific._ _ _..do ! 1.10South Atlantic. . . .do ! . 59West North Central . . . .do j .80West South Central do ! .58

PUBLIC ASSISTANCE jTotal public assistance and earnings of persons 1

employed under Federal work programs^ jmil. of dol..! *• 78

Old-age assistance, and aid to dependent jchildren and the blind, total__mil. of doL. 09

Old-age assistance d o . . . . 50General relief do j v g

) US. 77. if,.( 4

. l.1'1 0s. 5''. ('611

0 ».v. >.>. Is.72 (

. 7ol.oi. 5". 7247

(l, ilt'i

. s347

; 7 l - . •

1.0M. :\. 77,4b

(L 07. S.S,

. Is

. 8u} (>>

i i ' t

1.*.

". '••• j. sw !. 4781 |

V-. 52 :

!>',49

0 «»1.91. 49. 71!

\-_>

r. 03. 52. 75 :

.49

0.02 '. sr •. 52 ..si

.871. (^2. 5271

. 50

0. 64.90 :. 57 !.88

.90 !1.04 !.54 :.74 i, 52

0.08.88.58.95

.851.05. 57. 79

0.71 i.91.57 !.91 |

.83 11.09 |.59 !. 75 1. 57 1

0. 73 :. 90. 51 !

.95

. 80 i1.05 !

. 59

.78 ,

. 55 ;

0. 74.94. 55.93

, 87.87!.0C. til

.79

. 55

110 104 101

05 i 05 . 66 ! 6650 j 50 i 51 ' 5213 13 ! 13 i 12

101 i

67 i52 !

12 1

96

075211

5652 1io !

675211

07 :

53 :11 !

07 i53 :10

67 •53 ;9

09 '559

095(

FINANCE

dodododo

OS, 30527.9134o, 152

31.3519, 3s 4

12MM 9

20. 3 H20,01131.35111. 2()()11, SO 4i,0s4

!.">, 26669 O

30, t

2,818 j

l]679 1553 !117 j

10412 '

409 ;

4'i. OK)is. 321 ,2\ 2s6 .

25, 2983, 505 ,

3, 42020.80320, 575

T'-i, 95212, 33S2, 143

10, 15786 3

2,7702,207 !1,003 •544 ;12r.

11212

443 :

2 \\i43 ,

12140

' 49,91019,91929. 990

3, 56720,SOS20,57625 75113,66011,5921,090

10, 65S1

85. 6

2,733 i2,179 !1,645 !534 ;145 !

130 :

13 I409 :

39202

11s45

J 215!, 95 419, S2332, 131

26. 9:»34,959

1!4, 007

20 S1320, 56926 95311.31312.7352. 6 i I3 1,22081 5

2, 696 i 2, 659 i2, 148 I 2,115 :1,625 i 1.603 j

523 ! 512 j155 j 159 ;

14013

392

Hu)5

1111",

4s. 001

27, 7 185.711 ;

20, 79U20. 57327. 7 is14,53113, 2KS2. '.-'0911.750

7\i I

145 i13

384 '

27.*39185

\1134421

O1.U7 4

3b. 077

20. 90s

h'.inu15, 19413. 1171. 9S8

12, 193

2,6082, 0801,579501146

13212 '

382

1134420

52, 16021.43730, 723

0, 33911

5, 96920, f»3120. 52-s

14,' 80513. 6302. 3S712, 265

2, 5902,0571, 504494135

12112

398

39 |197 i

3 :1174320 i

49, 54921, 11228, 437

2S, 5156, 2'ni

Hi5. s71

2o, S5920. 1702<s, 51514, 3(JS13.0671, 925

12.02777. 4

2,582 I2,023 i1,540 i483 i124

111 '11

434 j

2754021714

1214318

59, 32324, 06235, 261

2S.317 '0. 191

135, U19

20. 7S520,4132\ 34713,9sl12, 7591.51s

12, 758

2, 5851,9961, 520475119 i

10011

470

2703923332 :

124 :

43 ;17 :

66,876 i29,19337,683

6. S1013

ti. 45520.65020, 3032S. !*,S2l-i 13112. 20 I2 315

J3. 12875. 8

2,582 I1,970 i1,502 i408 |114 !

102 '11 |

498 i

279 i39 !

245 !47 !124 i43 !16 |

58.339 |25,737 j32,602 |

2S. 5 186. 647

31t» 2222o!t;i4 :20.261 '2s\51813, 15912,031 ,1, 72S13.53976.4

2,5841,953 I1,489463113

10211

518

284 I41 I

257 I54 i124 |42 ;14 i

60,42325, 46434, 959

29, 5997, 570

7, 202

2()! 221129, 59914,02212.0S5' 1,21213. S72

73.8

2, 5661,9271,472455118

10711

521

28241

259561234212

58,93023,97634,954

30, 1028, 0S5

108, 187

20, 50S i20, 10330. 40214,55712,5901,208 i

14.30470.9

2,5281,9001. 452

447120

1118

509

3825355

1214212

54, 58021, 22133,359

31,1409, 400

599, 088

20, 38920, 07131,14014, 66512, 855

1, 12314. 921

68. 9

.Agricultural loans outstanding of agenciessupervised by the Farm Credit Adm.;

Total, excl. joint-stock land bks-.mil of dolFarm mortgage loans, total . . . do _

Federal land hanks _.d««Land Bank Commissioner. . . . . . d o . .

Loans to cooperatives, to ta l . ._ . doBanks fur cooperatives, including cent ral

bank , . . . . ._ . mil. of dol .Agr. Mktg . Act revolving fund. . .do .

Short term credit, tot i l ._. . doFederal intermediate credit banks, loans

to and discounts for:Fa rm Credit Administration agencies/1.

mil. oi dolOther finaucing institutions _. do

Production credit associations doRegional agr. credit corporations .d > . .Emergency crop loans . . _ - doDrought relief loans.- - . -

Joint-stock land banks, in liquidationBank debits, total (141 centers)! -

New York C i t y . .Outride Now York City

Fed. Reserve banks, condition, end of mo.: 'A ^ f t s , total . . . . . . mil. of dol

Res. bank ciedit outstanding, total doBilN uncounted . . ._ . do -United s tates >eeuiilies. _do

Reserves, total . . . _do . .Cold certificates. . . . . . do . .

Liabilities, rotnl. _ do _.tDeposits, total . . . . . d o . '

Member bank resene balances, do .Evcess ic^erves (estimated/ . . do

Fed. Reserve notes in circulation. d<> ."Reserve nitio. . .percent

Fed. Reserve repoiting member banlo , con-dition, Wednesday nearest end of month:

Demand, adjusted-. _ . mil. of dolDemand, except interbank:

Individuals, partnerships, and corpom-tions . . . . mil. <jf dol

States and political subdivisions do -United States ( JO\eminen t do . .

Time, except intei bank, total . do . .Individuals, partnerships, and corpora-

tions ._ . mil. of dol .States and political subdivisions .do -

Interbank, domestic . . - . . . _<loInvestments , total . _ do .

V'. ti. Go\ 't direct obligations, total do .Bills . „. . . . doCertificates... . . . . . _ doBonds doN otes do 1

Obligations guaranteed by U. S. Govern- jm en t _ _ mil.ofdol.J

Other securities do [Loans, total _. _ do

Commerc'l,indust'l, and agrie'lf do jTo brokers and dealers in securities, .do ;Other loans for purchasing or carrying j

securities . mil. of dol.JReal estate loans do ILoans to banks do IOther loans do

r Revised. p Preliminary. l Amount estimated for 1 bank.c?Agricultural credit corporations, production credit associations, and banks for cooperatives; to avoid duplication these loans are excluded from the totals.§Tneludes through June 1943 earnings of persons employed under Federal emergency work programs shown separately in the April 1943 and earlier issues; by the end of June

1943 these emergency programs had been liquidated.f Revised series. Bank debits have been revised beginning May 1942 to include additional banks in the 141 centers; see p. S-15 of the September 1943 Survey for revised figures

beginning that month and a comparison of the figures on the new and old basis for the 12-month period ended June 30, 1943. The series on commercial, industrial, and agriculturalloans includes open market paper no longer reported separately.

27,217 27,424 | 28,639 j 28,852 ', 28,257 29,743 31,305 j 31,848 j 30,098 ; 31,386 j 32,289 ! 33,840 ' 35,733

30. 9031.670,Jl.M.*5, 915

5. 770IIS

S, bO539, I'M31 . .'-s.it4, 3fiO*>, 31 iS

16, 6594,947

1, 8762, 98011,8020, 2071, 994

9991, 135

701, 391

26, 8181. 8061,5115, 158

5,019115

8,08124, 07518, 4932, 2452,26711,2282, 753

2, 0953, 487

10, 3820, 595493

3811,230

261, 657

27,3441,909 i2,018 !5, 285

5,038 1121 i

8,527 |25,593 119,948 !2,337 !3, 029 I11,257 !3,325 i

2,106 !

3. 53910,3616, 552520

381 !1,221 i

651,616 :

28.3151,9172, 6965, 215

5, 087102 ,

8. 80827, 2292LS79

2.S112,9i;>11,7254, 398

1,9073, 413

1(1, 32(16, 5S1529

3691,217

461,578 i

2\ 73,31.8673. 0920. 22S

5, 1021(10

9. 45 42S 09222.87 43. 5703. 42911.6314.241

1.93 43, 2s 4

JO, 29",6. 110700

3S91, 207

221, 537 i

28,700 :1,7596,7575,256 :

5, 130100 ;

9, 141 !31, US25,898 i3. 7Mi ;

4,9.1S i12,9s.);4,109 ;

1,937 '3.313 \10.321 I6,304850

3821, 199

531,533 ;

29, 434 i1,888 ;5, 2455,408

5,208 I112 :

9,197 I31,918 120.740 ;4,4765,059 :

13. 1174,088 ;

1,908 ;3,270 i9, 790 '0, 131 !

637 :

358 :1, 184

46 j1,434

31, 162 i1,858 '2,964 j5,467 |

5, 333105

9, 50931,95326. 7384, 2445,00!

13, 3914, 099

1,9193,296 !9,517 |5,903 \

585 :

342 :

1, 176 :57 i

1,394 !

31,815 i1,913 12,266 !5,479 !

5, 361s9

9, 19531.93526. 7663, 7554, 99313,8214. 197

1.940 ;3, 229 !9.456 i5,912 ;

617 jj

344 !1, 162

541,367

30. 112 !1,890 !8,044 !5,527

5.3-sl115

9.14835, 13529,9174,8106, 532

14. 3574, Is8

1.9923, 22610,6375,850 s

1,652

5041,161

831.387

31, 3951,838 :7,981 i5,633 ;

5, 48(1121

8. 87937.39132, 4675. 6366, Sb3

15. 7004. 188

1,850 ,3,077 ;

9, 788 :

5,6621,046 ;

491 !1, 150 i

941.345

32, 5361,852 j5,6525,688

5,530 '119

8, 716 136,35831,4144,860 :6,991 :15,6853,878

1,881 !3,003 :9, 4855,5421,014

4241, 158

28 ;1,319 :

33, 0881,840 !4,777 !5,837

5,077120 I

8,593 ]

37,00332,3474,478 i7.029 |15,988 i4,852

1,725 i2,9319,479 i5, 628992

3791, 157

47 .1. 276

35, 5331, 9223, 0725, 960

5, 792123

8, 81737, 03532, 2823, 5247, 035

10, 2504, 873

1, 81.82, 9359, 7045, 7351, 127

3581,145

741, 265

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

Page 38: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

S-16 SURVEY OF CURRENT BUSINESS November 1943

Monthly statistics through December I 19401941, together with explanatory notes !

and references to the sources of thedata, may be found in the 1942 Sup-plement to the Survey August

FINANCE—Continued

BANKING—Continued j

Money and interest rates:1Bank rates to customers: I

New York City percent..!7 other northern and eastern cities..do.--_!11 southern and western cities do j

Discount rate (N. Y. F, R. Bank)_.._do--._iFederal land bank loans do jFed. intermediate credit bank loans.. _do IOpen market rates, New York City: j

Prevailing rate: \Acceptances, prime, bankers, 90 days I

percent.-1Com'l paper, prime, 4-6 months..do jTime loans, 90 days (N. Y. S. E.)--do !

Average rate: \Call loans, renewal (N. Y. S. E.)_ .do jU.S. Treasury bills, 3-mo do |

Average yield, U. S. Treas. notes, 3-5 yrs.: jTaxable* . percent.. j

Savings deposits: jSavings banks in New York State: j

Amount due depositors mil. of dol . |IT. S. Postal Savings: j

Balance to credit of depositors do jBalance on deposit in banks _..do_...'

CONSUMER SHORT-TERM CREDIT |

Total consumer short-term debt, end of month*!mil. of dol-.-L

Instalment debt, total* . do. . . _|.Sale debt, total* - do..-..;.

Automobile dealers* do. . . J .Department stores and mail order I

houses* . mil. of dol j _Furniture stores* do _.I.Household appliance stores* do i_Jewelry stores* . . , do i.All other* _ _ do !.

Cash loan debt, total* do i~Commercial banks, debt* do ;

Credit unions: jDebtJ do.. .-!Loans made____ do !Repay mentst do I

Industrial banking companies: jDebt do. . . . |Loans made do !Repayments do j

Personal finance companies:Debt.. . . . --.-Loans made.. . . _._Repayments..

dododo

Repair and modernization debt * doMiscellaneous debt* _ do

Charge account sale debt*.. - - - doSingle-payment loans, debt*§ _ doService debt* . __ . do

Indexes of total consumer short-term debt, endof month:*

Unadjusted 1935-39 = 100Adjusted do

INDUSTRIAL AND COMMERCIALFAILURES

<}rand total numberCommercial service, total _ doConstruction, total doManufacturing and mining, total do

Mining (coal, oil, miscellaneous) doChemicals and allied products do -Food and kindred products do .Iron and steel products doLeather and leather products doLumber and products _ . . doMachinery do ..Paper, printing, and publ ishing, . . doStone, clay, and glass products do _Textile-mill products and apparel . .doTransportation equipment doMiscellaneous do

Retail trade, total . doWholesale trade, total . do

Liabilities, grand total thous. of dol.Commercial service, total doConst ruction., total. doManufacturing and mining, total . . do

Mining (coal, oil, miscellaneous) __ do. . . .Chemicals and allied products doFood and kindred products doIron and steel and products doLeather and leather products doLumber and products do

2.052.712.731.004.001.50

.44

. 691.25

1.00.375

1.31

5,949

1,683

1131716

1703230

3577070

2341214

G49

1, 488134159504

645384

00

79

1.00 !4.00 !1.50 !

. 4 4 i

.69 !1. 25 i

1.00 ;,370 !

1. 25

1,344 i2 0 :

6. 719 I3,748 !2, 032 I

874 II277 !449 :183 ;

67 I182 i

1,716 i491 ;

16616

246 i33 j40 ;

466 ^60 ;75

25295 ;

1,232 I1,102 i

637 !

112 :113 !

698 !47 I66

119 \

4 !10 ;

5 I20

o20

1056!

6, 7*153S520

2,219237

33421

50207 i

2.282.663.251.004.001.50

>>9 j1.25 I

1.00 !

.370 '

1.27

1.00 ;4.001.50

.44 :

.69 I1.25 1

1.00 '..372

1.28

3,504 i1. 862 !

769 I

261 I428 !169 i

63 !172:

1, 642 i460 !

160 !16 :22 !

236 :

31 ;

41 ;

452 I60 j74

240 i94 '

1, 3201,095

638

109 ;109 !

54 I

4 i

2 I1 0 I

5 I1 1 I

15 :

(i '13

355[3

5, 17326 S616

1.661519

2S9017

217 ;

1,37718

6,403 i3,255 I1,704 !

664 I

253!408 I154 !

61 \164

1,551 !421

152 \14 !

3044

437 ;5974

1,4191, OSS

641

10!)106

6734061

102 I0 !

17 :13 :

133

204

h405

2, 37 I0

U6

81.

1.004.00 :1.50 ;

. 44 I

. 69 I1 . 2 5 ;

11.00 '.371 1

1.28 !

2.09 !2.63 !3.26 i

5, 427 i 5, 449 ; 5, 459 ! 5, 492 j

1, 39617

6,1693,0541,571

573

247392141

61157

1,483393

1451421

36

42859 !68 :

21591

1, 3861, 085

644

102102

717, 823

19864

176

491S5

1.00 I4.00 I1,50:

.44 i

.69 !1.25 !

j1.00!

.363 !

1.34 i

5,570 !

1,417 i16 !

1.004.00 i1.50 :

.44 1

. 6 9 I1.25 I

1.00 i.367 ;

1,445 !14 I

1. 004.001.50

. 44 ;

.69 !1.25 i

1.00 !.372 !

2.36 !2.76 !3.24 I

I

1.004.001.50

. 4 4 I

. 6 9 I1.25 J

1.00 j.373 I

1.00 !4.00 I1.50 I

j. 4 4 I. 6 9 I

1.25 I

1.00.373

1.33 1.39 i

1.004.001.50

.44 i

.69 ;1.25

1.00.373

1.36

2.702.983.381.004.001.50

.44 i

. 69 !1.25 I

1.00.374 i

1.32 I

1.00 I4.00 !1.50

.44

.69 I1.25 I

1.00 I.374 !

1.30 j

5,622 ! 5,663 j 5,677 j 5,726 ! 5,813 | 5,86/

1,468 i14 !

1,493 I13 I

1,51712 1

1,546 j1 2 I

1,57812

1,620 '11

1.004.001.50

.44

.691.25

1.00.375

1.29

5, 922

1, 66011

6,2,1,

1,

1,1,

1.1,

155922494482

25439113077

160428370

1411822

2023140

424828620091

513072648

10298

5062247802

1]43114124

1030744950526189997

71219512040

070

5,2,1,

1,

1,1,

5

2

703 ;660 |314404 i

j228 !

359 I116 !64 '

143 '346345 |

1321120 :

193 !25 :34 :

40345 ,66 !184 i89 i

333 i058 !652 ;

9594

i458 !28 153 i79 |2 i4 1

14 ;21

11514 !1 ;10 12 '7

26731 !515 ;396 !698 ;249200 ',34 :469 i105 ;52139

521,

1

1.1,

4

1

491 !465 ;190 i351

210 |338 !103 '56 1132 !275 1319

126 \13 i19 ,

1852634 j

3s750 '»)6 '

170

333038655

•»193 1

422 128 i38 !67 I3 19 i

9 12 ':j

9-•,

9 1

49210

"31103331379 '.31269H

1951329712>

5 3532, 3231

1

11

7

4

071287

1963229151124252312

1272221

1843839

387868615587

343031656

8990T

41023417924S4112

10

16]

1023235282305903144100521699720368

5,243 !2.226 S1.020 1200 !

190 !319 I81 i50 |120 !

1,206 !299 i

1122 !15 !

20;

1 7 9 '••

31 !

36 !

378 |62 j71 i

141 i87

1,331 |1,029 i657 !

j

87 :

88 !

i

362 128 i54 |0122 i120 10 18 19 !

11 |2 i

1 0 •

0 !

5195 :24 !

3,523 !579 \597 |

1, 105 :22 :20 :

1920 !0 :

117 :

5,0792,116

1

11

2

955235

1783087248114161290

1181418

1742934

366587012885275027661

8485

2811935482533021114818

15623550393207826280090450

106

5, 0652, 046

896208

1683016447108

1,150287

1181919

1743535

371807511486

1, 3381, 014667

8484

265313339225226271424

14715

6, 0761,600577

1,4414025

3905071

341

' 4, 844 :

1,

1,

1,r

3

0

956 '838 :196

155286 j55 \45 i

101 i118 !283 |

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219

§Formorly designated "open credit cash debt."f Revised. f For bond yields see p. S-20.% Revisions in 1941 data for credit unions are shown on p. S-15 of the January 1943 Survey.*Xew series. Earlier data for the series on taxable Treasury notes are available on p. S-14 of the April 1942 and succeeding issues of the Survey; there were no tax-exempt notes

outstanding within the maturity range after March 15, 1942. Earlier figures and a description of the data on consumer credit appear on pp. 9-25 of the November 1942 Survey; sub-sequent revisions in 1941 data for total short-term debt (dollar figures and indexes), total cash loan debt, and commercial bank debt are shown on p. S-15 of the February 1943 Survey.There have been additional revisions in the 1941 and early 1942 figures for the series revised in the July 1943 Survey as indicated by an " r " on the figures in that issue; revisionswhich in most cases are minor, are available on request.

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

Page 39: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

November 1943 SURVEY OF CURRENT BUSINESS S-17

Monthly statistics through December j 104*1941, together with explanatory notes jand references to the sources of the j ~data, may he found in. the 1942 Sup- Sep-plemont to the Survey I tember

1942 !i

Otto- Xovem- 1 >ecem- Ju n-ei ber i ber ber ai <r

_ i _ ___ __ _ _ _ _ _ : " _

F1"N A\CE- Continued

1943

Fary11" i M a r c h ! A I ) r i I j ^ a y \ J i m o July j August

INDUSTRIAL, etc., FAILURES - Con.

Liahiiities -Continued.Manuiactiiiinu and mining ("on.

Machinery _ thou^ of dolP >pei, piintmcr, and publislmm . doStone, elay, and das> product<? . doTextile-mill pioduets and appan 1 doreimportation equipment, - doMii-edlaneou^ - _ do

Ketail nade, total.. . . . . do -A\ hok^ale tinde. Uta l . . . - - . . . do .

LIFE LNSITRWCE

\>-<.f u t ion of Life IiiMiiance Fiesidi nt->:Assdf, admi t ted , rot-iU - - .mi l . of dol

Moit 'iaae loans, total- . - - doFaini - - - - - - - -- 'loOther . . . do

Tl( d-i-statc holdiims _ _ - doFoil \ loan5: and piemium notes doPonds and stoekb held (book \aluei, total

mil. of dol(k»vt. (domestic and forj, total-- <lo

\J. b. (io\eminent-.-. - do"Public utility. -- - - - - - - d,Itaihoad- . ._ - - ._ . . doOther - . . - - . . - - . . . do

e v h . . . _ . . ---_- doothci admitted assets. _. . . . do

iiisurance \\i itteii'0Folu i's and ceititicate s,total . . thou*

Cioup doIndustrial... - . . - doOrdinary - do

Value, totalj tlious. ol dol(Jroiip - d o .Tndustiial _ doOidmar>t -- - - - '*•>

l'i< m u m collections total's*-.Annuities ._ - -

2n ', >'s12 (II 1K !(!-•

I I 1 t2. !' 11

IIJ

dododop

Industrial - . . . . _. -Oidu.arj - - - - - do

In t i tu le of Lift Insuiancr-*Favmentsto polie> holdervuid beneficiaries

' total _. ' thou<. ol doll)ealh (laim payments . _ do , . .Matured endowments. doDisability payments _ doAnnuity payments __ _ _ _ ._ doDuideiuis _ doMirrender values, premium Doto.etcdo

Life Jiwirtjuv Sales Research Pureau:Insurance wiit ten, oidinai>, total ....do

New Enqland - . - - doMiddle Vtlantic - _ . . . >!oFan NoUh Central . . . do .W'^t \ o i t h 'Vnti.il - _. - >\oi-outli Athntic. ._ . . . . do _ _Fas! ^outh Central . . . . doAVes! South Central _ do

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MONKT1RY STATIST H S

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

Page 40: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

S-18 SURVEY OF CURRENT BUSINESS November 1943

Monthly statistics through Decemher j IQIO1941, together with explanatory notes jand references to the sources of thedata, may he found in the 1912 Sup- j Sep-plcment to the Survey I tember

1942 1943

August ! Sep- J Octo- I Xovem-; Decem- i Janu- : Febru-tember | ber ber I ber I March April j May j June ; July j August

FINAiS CE—Continued

BUSIINESS INCORPORATIONS

Xew incorporations (4 States) number...

PROFITS VM) I > I \ 1 I ) I : M ) S »

Indiinit ial eoipoia t ions I < del il H ( M I \ I I\ t t p iof i t s ot tl (02') c > > m l ol '1 >\

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Otht r Uanspoi t l t ioneqi i ip 0 s c os do\ o u f o i t o u s m^l ds m d plod 77 < o t>Other d m a b l e go >ds (75 ens ' doFoods, beverages and tub icco i iO i os >_doOil piodui mg ii'd lefiiiinsz ( i" i »s doIndusi r ia l (heiihcals MO cos « doOthei nondui lble goods *so ( ,-. ; do\1 w e l l m e n h M r \ no '71 cos i a >

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

Page 41: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

November 1943 SURVEY OF CURRENT BUSINESS S-19

Monthly statistics through December1941, together with explanatory notesand references to the sources of thedata, may he found in the 1942 Sup-plement to the Survey

1943

Sop- August tenibcr

1942

Octo-ber

x cm- Dtcv v,HT brr

Janu-ary

FINANCE-Continued

1943

Febru-ary March j April j May June Ju ly i August

PUBLIC FINANCE (FEDERAL)—Con. j

Government corp. and credit agencies -Con. jLiabilities, other than intoragency, total j

mil. of dol..!Bonds, notes, and debentures: ;

Guaranteed by the U. S do :

Other do _;Other liabilities, including reserves- do _ _ j

Privately owned interests do jU.S. Government interests do _. ;

Reconstruction Finance Corporation, loans joutstanding, end of months t j

(fraud total.'.'. - mil. of dol..!Banks and trust companies, including j

receivers.. mil. of doLjOther financial institutions do <Railroads, including receivers do !Loans to business enterprises, except to aid :

in national defense mil. of dol. _!National defense do jOther loans and authorizations ..do ;

SECURITIES ISSUED !

s cunties and Unhang' Co'nni'^io.i j

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l19H moatitlv :uoiai;»s for s< Wu d H ' H S, F( ( p. S 18 ol

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

Page 42: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

S-20 SURVEY OF CURRENT BUSINESS November 194

Monthly statistics through December1941, together with explanatory notesand references to the sources of thedata, may he found in. the 1942 Sup-pletnent to the Survey

jj Sep-i tember

1912 1943

;M p- i>vta- \ "o \e in- l>e<vm- Juiui- Febi u- w v * i ^T I T -fcinbi-i bei ber b.-r -u v ' a n , ^ t a r c n A p i d M.i \ J u n e Ju ly Auiiu<

\ I \ WCK Continued

SECURITY MARKETS

Brokers' Balances (IN. Y. S. E. memberscarrying margin accounts)^

Customers' debit balances (net) ...mil, of doL.; 770Cash on hand and in banks . . . . do ;Money borrowed . _ _, __ _do | 770Customers' free credit balances .do. ._. • 320

HourisP r i c e s

V ' i n i | i i u ( f i l U i ivd b o m 1 ( X Y - Y )

I ) >'n<s{1( . d o l ( o >7I O K i - l - <io 72 J1

M m d , i . i m d P o o j s ( , t p o t 1,101I i H l U s H l ' l Ul lit It - il'<l i j]U

l l i - h u < , d t r . b o i K i s (to) ] , u M i d i n i ij) sM c d i u i r and lowu LI u h .

Composi te (",0 boi . i l^ . do n o \i n d u - t m K (lo no-HJe ,< 1 1 7 {

r u t , h e u i ihr ie- (J* bon '- <io n " 7K a ' r r . i . K (20 bond- (.» <.x 1

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i b ( r i i ' i i nn h O> n i 1 \ n o i 2 > u ( J i i v Vn t t h t V p u l i ( t f ^ u i v t ^ . t u h < i d J ' J - W i l l b e s h o w n n a l a t e r - s i : e .

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Page 43: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

November 1943 SURVEY OF CURRENT BUSINESS S-21

/lonthly statistics through December 1 10491911, together with explanatory notes jand references to the sources of the jdata, may be found in the 1942 Sup- j Sep-plement to the Survey j teniber August tember

19 i2

Octo-ber

X()\ VIT,1 ber

Decem- Janu-ai>

I1 •'biu-ary I March j \pul M a y June July j August

FINANCE—Continue d

SWK RITY MAKKKTS Cojitinu-dStocks Cuiiinuod

I ' I K ( » C ( i i u i r i ' n . f l

Now Yoik T u n e s f,"0 slks ) . . i d per shareInduMi 1 Us (25 siocksi . . . . . . »iuIi.Mlio.ids (25 s iock- ' . . . . . *lo .

-•t 'mdaid and Pool 's Coipoia t ionCu 'nbme. i index (U\2 s lks.i 1<)35 3U JM>

hi iusiii-ils (354 s tocks ) . . •]<>Capi ta l uoods (1 ]<> s 'ofksi do .Consumer ' s <j(H>ds (191 s (Ofks^ _<!o

Public udilU'es <?s s torks _ . <]nPailiOrids (20 slocks . _ __slo

Oilier ISalieS-H inks. \ . Y C. (19 - 'ocks . . .1,1i ne and IIMI :no msuianoo U8 stocks

19!5-3l< 10(1.>'i[< < (>eciiniies and Ku-h-niuo Commission^.

'J iA \\ on -ill ic-LMstoiod e \dnn<jes\1 nke t Ndluo . . i hous . of .lol .^hates sold th-ni^nd*. .

On Now York Stock l-AChaiuvM i t k e t v a l i K ' thous of .],,] .^han ^ sold. . _ . thousands

Exclusive of odd lot and t o p p e d -al<v-(N. Y . ' l i m o O . . thousand^

Mi i i ' s l i c e d . X. Y S E..Maik( t value, all listed shates mil. ol do]Number of sluice lisied. . . . .milli'ijis

Yield-Yield-Common storks- (200), MoodvV peiccnt..

H.mks (15 stocks. _. . . . do. .IndiisiiiaK • 125j stoiks) - - - . . . d o .Insurance (10 stocks'* _ . _ do .Public utilities (25 ?tocksj <\o .Railroads (25 stocks' __ _ do

Profonod stocks, hiuh-'itade (15 stocks;,Mandaul and Poor's Coip.. .p'-rcent

9»; 'ii

2>: s7

'to. t>

''7. "1,s<) 4Vs. ]s7_ ,>

•M.'i

93,6

120. 4

.~:\ siu26.32!

f ( ' 7 . l i s 7l ' t , 1 2 2

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Is.71!

1. 4XJ

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3 75. 56, 5

3,98

126.

19

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98

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214.29 3

7 ;

1 , 1

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2 1 1 . 5 1 71 1 . 9 0 3

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136, ."it'

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71 276. 577 672. 7'!•'>. 77 2 7

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59. 7 ,

112,7 |

6 >. oo»

861 1)91ls,02f)

A U . W 7

J,4t.9

1 8I 01 53 96.2 :6.8 |

4,, 08 |

'•2. 7915s. 1.-;

27 3»>

'Ji 3\>'A. 7W . 19 0 97'J. 1

02 8

93. 2

114.8

,SO9,313

41,t.7J

3 o , 5 r > 1

l ' » , 1 9 2

4 v,

4 J4 53 95.86. 6

4,08

105.212>. J*.

9 5 2•j7 2

92..'91 \>

M 097 .".

92 {

1 11".6

97(1 7^7G'\ 0 U-

823. 35244, v«4S

• i . " ) , 0 5 2

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1 61 04 33 85. 56.2 ;

1 4.07 I! i

9 s ; s]69. Mi

27. S7

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91.3

93. 4

118.9

N. U 0 7

^ 44] 248

715,32932,704

23, 416

1\ 877J.4(>9

4 '3 (»4 23. >5.46.4

4. 03

9 . s . S O1 6 9 . ]«.»2N -13

\)s ;,ion \f9 ! , 0

H I D 1S7. 7<«>! (i

95.3

120.8

930,724 i43,681 :

782,864 :32,136 j

26,324 i

47,578 !

1,479 i

4.74.1 !4.53.95.5 l

6.8 ':

3.98

(.1 '1

9ti 1S5 ('90. r

94. b

119. 1

597, 90627, 964

508, 86821,227

14, 252

47, 7101, 489

4.74.04.43.85. 5

^ •;*«'

3. 97

FOREIGN TRADE

INDEXES

Exports of IT. S. merchandise:Quantity 1923-25 = 100,Value . . . do.Unit value _ do..._

Imports for consumption:Quantity . . . do . . .Value do. . _Unit value - . . . . . do . . .

VALUF4

Exports, total incl. reexports thous. of doLExports of U. S. merchandise do . . .

General imports doImports for consum ption do -. -

327

88

1,233,0671.216,387280. 466279, 305

199 215185 19193 ! 89

7857 I74 I

84 !62 !74 I

225206

92

957074

208 j200 I

96 j

79 !

59 ;74 ,

241226

94

16712776

19018598

18617896

102

75 I

244245101

1098376

300302101

292 ;28999

107 11484 8978 78

703, 096696,245186, 323184, 766

732,014 801,382725,896 794,258196,033 199,750196,755 223,409

786, 860 I 873,145780,753 * 864,866168,079 I 358,787186,715 I 407,417

j

r 730, 265 k 718, 528 |r 991, 641 ir979, 741'723.562 k710. 527 k 977, 200 I»• 970, 334228,214 I 233,959 249,240 | 257.891245, 588 I 245,173 263, 992 I 267, 771 1

264268102

1159079

334 I334 !

100 I

1189581

'1,084,514 '1,002,851•1,075,7871 '996,772

280,883! 302,239284, 959j 307,463

1,250,528 11,242,'300, 286294, 525

,768 1

32232099

12196

,205,396[,194,031315,730306,878

TRANSPORTATION AND COMMUNICATIONS

TRANSPORTATIONCommodity and Passenger

Unadjusted indexes:*Combined index, all types.. 19 io-39 -100

Excluding local transit lines doCommodity _ doPassenger . . do .

Excluding local transit line- .. do .By types of transportation:

Air, combined index doCommodity... - - doPassenger _. do

Intercity motor bus and truck, combinedindex.... 1935-39 = KK)

For-h ire truck doMotor bus . - - do

Local transit lines . doOil and gas pipe lines . . d oRailroads, combined index. . . do

Commodity . . doPassenger . . do

Waterborne (domestic), commodity doAdjusted indexes: *

Combined index, all types. . . doExcluding local transit lines do.

Commodity . . . - doPassenger . do

Excluding local transit lines . do .By type of transportation:

Air, combined index .do .Commodity... - do .Passenger do

193201190202284

326372296

21720027313413421820928984

187192185194248

296372245

198 i206 !195 J207 !286 !

343 !406 |301 i

220 i211 !250 |142 !141 !224 >214 !304 i81 !

190 !197 j187 !203 !271 j

313 i407 !

251

203 !211 !202 :207 :276 |

351 i431 i298 \

226 !224 1235 !149 i145 !230 !221 i296 |

77

195 1202 !191 '210 !285 :

323 !421 !258 !

196203192209284

337438270

21821622714715222120931465

194202187218307

356451293

191196181226302

323474224

22221624016215621219533942

194200187218295

348454277

187 1190 ;176 !221 I286 j

319 1445 1236 i

199 !189 I232 !167 !1 5 5 i211 |197 j317 j29 !

194198 !184 \227 '302

376 ;

481 i306

201205192232304

377515286

2112012441.7316322921533634

208214198239326

407520332

203 1207 !193 ;

234 1311 \

379 !

515 i289 |

214 1205 i243 !1 7 1 i1 6 0 '••

234 |216 !347 !35 i

209 !216 1199 !242 !335 j

^388 !515 |304 1

208213196246335

419568319

22220926417216323521737247

214221203250351

r 409

568304

210216199247341

395523310

21319427716915824022237668

213220201254358

'384523292

214219196270386

423551338

236216301175

r 16223721243278

211216196262365

-396

551294

'222'230'206'274'402

439' 576349

'231203

'322168

' 163253228

'44782

'220r 225'206' 266'364

'415' 576309

226234209279415

46(604365

23f20533f16617125723146187

218224204265360

426604309

r Revised.% For revised 1941 monthly averages, see note 2 on p, 8-20 of the April 1943 Survey; revised monthly data for 1941 and preliminary revisions for January-June 1942 are available on

request (figures beginning July 1942 are shown in the September 1943 issue).* New series. For data beginning 1929 for the transportation indexes, see pp. 26 and 27, table 5, of the May 1943 Survey.

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

Page 44: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

S-22 SURVEY OF CURRENT BUSINESS November 1943

Monthly statistics through December j jn^a1941, together with explanatory notes !and references to the sources of the [• ~data , may be found in the 1942 Sup- Sep-plement to the Survey t ember A

Octo-ber

Xo\eirber

Dm-mbor

Janu-ary

Febm-aiy

1943

March | April \ May June July I August

TRANSPORTATION AM) COMMUNICATIONS—Continued

TRAN SPORTATION—Continued

Commodity and Passenger—Continued

Adjusted indexes*—Continued.Intercity motor bus and truck, combined

index...--.--.-.-.—.---1935-39=100..For-hire truck . doMotor bus. . . . . - - . - . do-.--

Local transit lines .... , do.. .Oil and gas pipe lines . doRailroads... . ___do-.-

Commodity.. _ _. - doPassenger.... - . . d o —

Water borne (domestic), commodity.. do . . .

Express Operations

Operating revenue.... .-.- . - thous . of <iol__ ]_0 perating income... — _. _ . - . - . - - do j _.__._

Local Transi t LinesFares, average, cash rate . —-cents. _Passengers carried §— thousands

. 80041,205,969

Operating revenues. ___ ..thous. of doL_.._______Class I Steam Railways j

Freight carloadings (Fed, Reserve indexes): ICombined index, unadjusted-1935-39=100 i

Coal - . - - . . . . — . - - - - - . d o - - |Coke.. . ._._--. .-- . - - — . . .do . . - .Forest products.. .... — -. . .do. —-JGrains and grain products..- -.-. ._. do.... ILivestock...._._.._._- — _______do——!Merchandise, 1. c. l._. .... — -___do._ —Ore - --___do—-_Miscellaneous . . do— - -

Combined index, adjustedf..-.. -do——Coalf - - - .---doCokef . - do- ._Forest products -do. --~Orains and grain products!--. .doLi vestockf . . - - - - doMerchandise, L c. 1 -doOref- . - . —-_ — d o - -Miscellancousf - — _ do~---

Freight carloadings (A. A. R.):JTotal cars -.._..___.---thousands._

Coal.™-...--..- . d o - -Coke_ - - . — —...--, -- - - do - - -. -Forest products . . do - - - -Grains and grain products - do -Livestock _ — -_.— . „ . - — doMerchandise , 1. co 1—— — — ._ do ——O re - do — —M i s c e l l a n e o u s . . - - - - - - - - - . _ —— ..._do...—

Freight-car surplus, t o t a l — . _ _ _ . _ . _ . _ . . . d o - . . .Box cars __._ .-__ — . _ _ . - _ . . _ d o — . .Coal c a r s . - . __ — — ..__._ — . _ . . . d o —..

Financial operations:Operating revenues, to ta l . -——thous. of doL

Freight'— __- — _ . - . -__ . _ d o . . . _Passenger..___________ .___-_-_-__—do-_-_

Operating e x p e n s e s . . . . . — - . . _ - _ - - - - - - d o . _ . -Taxes, joint facility and equip, rents._do——N e t railway operating i n c o m e . . _do.___|Net income _._._._-.._._._..._._.do...-!Operating results: |

Freight carried 1 mile— ———mil. of tons..!Revenue per ton-mile. _. . _ _ .cents. _ IPassengers carried I mile — __..._ .millions..

Financial operations, adjusted: jOperating revenues, total._. mil. of dol...'<

Freight _.__._._. — _._....doPassenger . . . . . ,_. ..do _..

Railway expenses _. ._ — -_.-do.....Net railway operating income.. — do . -Net income...-._._...,._._-_..._ do ..

15115219315015315166

31415414015219513913711463

209143

3, 5467065917920979

399346

1, 56820

776, 539576,092146, 727478,074188,290110,175

Travel

Operations on scheduled air lines:Miles flown —-_ — ._tnous. of miles..; _ — ._._._

IfExpress carried.___ . -_ ._„ thous . of lbPassengers carried_. .__ —— — —number—! —. . . . _ —Passenger-miles flown ———thous. of miles J

Hotels: ' jAverage sale par occupied room.. . -dol lars . .Rooms occupied —--._-_...percent of total.-]Restaurant sales index „ 1929=100 —

Foreign travel:17. S. citizens, arrivals.-- . . . - . number...! .U. S. citizens, depar tu res . . . . . . . . . . ___do . , —; . . .E m igrants — _._,_ .____. _ .do — — j . — -_ — .Iintnigrants —.. .»_.- ._„ — . _ . . _ . .do -„..,!Passports i s suedc? - - . - . . - - . . do... . . j . . . -

National parks, visi tors___.. . ._. . . do ! 97,667Pullman Co.: |

Revenue passenger-miles . . . . . thousands . L __.. — .Passenger revenues thous. of doL, -_- .

3.9686178

19819621614914221120520462

20120122714714621620629461

12,106 j 12,92277 I ' 88

7.8060 I 7.80601,037,054 i 1,059,727

78,399 ; 78,782

(36175173129

• 101

3 (IsJ 52

• 1 10136ls2H M119106

20t>' loO

1M

301)3"> 2

I 60t>5940

5 i

152 '<142 i184 I167 :139 ;135 I57 i

304 ;162

' 141 ,14218615412410255

203 '' 150

'3 ,503'660 :

56 ;199 ;188 !

71347336

1,647 i43 '28 :

r 4 i

683,807 I 697,792537,412 ! 546,791103,463 I 104,971399, 292 399, 706148,586 r 143,023135,929 '•155,06389,243 105,190

62,405 i. 9 1 7 j

5,395 1

668. 9 I534.2 i92.3 i

' 538. 7 i'130.2

81.6

61, 934.941 •

5,500 ;

662,6517.9100. 4534.7127. 9

21020924714714922121030757

13.31956

7 ov;o], lV>2,86s

S.I, 257

15013818015813916958260163

' 140

138184149139

no56190

r 150

4.512

83771

244247118460373

2, 162

30175

745, 584587, 612108, 322416, 430144,439184, 715

135, 538

66, 019.946

5, 508

660. 8501.9113.0533. 3127. 580.9

21120^2151151.11221205310

14,773153

" S(M,(i

1 100.151'H1.356

14013918613812314459206150136139186140126

58190

* Ho

3, 236

649

16416878356230

I, 534532814

690.108534, 762108,060406. 389134,770148,949

111,310

60, 464.939

5. 663

722. 5553. 5120. 4563. 2159. 3120.3

23322523215415021419932866

18,071157

7 si)»)0

1.25K32M94,24*

1261321931221301135659135

- 1351321843 3713911759189

'144

2. 834612571481766334066

1,371683520

702, 995531,918119,151431,873100, 271170.851

137,101

58, 356.967

6,314

708.4551.0109. 2553. 6154.9

109. 3

21619927116514821420131866

14,29567

7.S0601,239,42893,600

124135193117138985550132

- 13513518413013810257

202' 144

3,531790

17223766421

1,698

673520

671,334514,316111,725424, 201141,829105, 30462, 980

58. 929.934

5,914

710.4553. 8107.5

576. 6133.8

! 92.0

22520628916615023422034571

14,306

78

7 80(10

1.147,971S7, 326

13014518912911290.is48137

' 13911517s13514511361193

r 146

3,056705601602035137055

1,453

41199

663, 534513,191107, 224408,459148,942106,13361, 819

58,102.943

5, 668

743.7576.1117.6591.0152.8

111.2

22821228216615423622036467

15. 363• 6 8

7. SI 161)

1,254,163

93, 720

130144189133131926256138

' 13814418713314211761193

* 145

3, 073706601641875238963

1. 45235157

756, 251585, 252121,448449, 440177,163129, 64784, 651

64,686.956

6,482

739.9560. 4129.5615.9

• 124.0

81.5

23021328516616024322438869

15,803145

7.80601,220,211

92,325

13213318313812410563106143

' 13613318613814011862163

' 145

3,136666591691735839795

1,51935166

748,798570,136127,915442,149179, 590127,059

82,901

62,947.9666,715

766.7578.4138.0623.1143. 6101.5

217194292167

r 16224522639662

16,08453

7.80321,247,526

93,371

13713217914312310162269145

' 13513218113814011262163143

4,150

7927122122272488364

1,92049215

759, 331573, 788133, 581454, 362176,800128,16985, 732

66, 528.9247,008

783.0587.3145.6623.8159.2118.0

228214275177

' 16923621341663

16,31564

7.80321,259,98394,944

1321001621451408663297146

' 12710016614013711363192

r 142

3,1514575017618948386329

1,515

721834

747, 365549,134147,294451, 946185,764109, 655

70, 626

61, 339.948

7,813

749.3557.1142,2629.3119.9

! 78.0

'222207

' 269

184r 172

' 251229

' 41663

16,46968

7.80321,241,051

96, 560

1461461781501729763323147

' 14114618415014311364202

' 146

4,3078426822429565484444

1,886

30114

791,196582, 497156, 628466, 658203, 927120,611' 82, 278

68,193'9148,342

760.9567. 5139. 7652. 5

; 108.4'67.7

21720126718118024922642165

16,57964

' 7.80041,213,35392,566

14514518315015811164312147

' 140

14519114814711763208

* 145

3. 5547055819322662403356

1,5512494

800,233585, 644161,971467, 288208, 384124, 56184, 472

68, 9.50

778. f582. 1144. 4663. 2

115.474.8

8,451 ; 8,099 ; 8,408 . 7,7773.927 ! 4,375 j 4,341 \ 3,97?

283,145 j 273,022 ! 273,162 I 210. 7n1127.393 ! 125,327 j 128 329 i 112 4ss

3.7475

143

3. 7078

131

7,031 j 10,3935,005 I 4,400

344 ! 4231,932 ! 2,336

11.635 ! 19.128330,540 •- 184,993

3.73SO

135

7 , 9 0 25,190

4632.147

14,66776,659

3. 70

7. 171.".. 077

5!)'J1.9! 5

I I , 17351,976

1,843,326 1,925,459 1.961,986 1.006,7149, 63S | 10.169 | 10, 444 10, 052 j

3. 63121 »2. 02 5W. 308

3. .">•»71

132

8. 095•\ 152

v». 217J1 . Mi.1

.869,95210.080

7. ;,IH 7. 585 8,127 ; 8,288 :3. t>00 3.619 4,320 i 4.816

20\380 233,049 265.175 i 280.914101, 111 ; 110,983 ; 124,256 i 132,985

8.323 i 8,410 | 8,881 ! 9,3034, 549 j 4.834 i 5, 261 ' 5, 335

282,103 | 297,760 j 320,096 •• 338,059133,267 i 140,746 i 150,014 ! 156,873

131

»i, 142t. S79398

1, 78211.628

13.211

3.66 :

82136

6,969 ;5. 527

4801,50412,67914.638 •

3.56 I83 i140 :

7,2855,178 |

336 ;1.815 !12,178 !17,751

3.86 !83 !

156 |

9,693 i

5,461 ;385 ;

1.933 !12,772 i32,270 :

3.55

85 !

162 i

11,601 '5, 361

3362,17710,33445,660

3.70 S84 !174 I

12,709 !6,238 !

500 !2,152:9,564 i

3.66 I79 :180 I

8,215 i5,459 !

563 ;2, 192 ;

9. 700

67,345 ! 135,407

4.04

86

200

6. 8484, 326

3822, 32011,763

148,957

,036,175 :1,849,643 2,091,358 2,126,10311,018! 10,151; 11,511 j 11,627

2,105,321 [2,186,161 2,192,301 2,364 069j 11,797 | 12,132 | 12,007; 12.904

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Page 45: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

November 1943 SURVEY OF CURRENT BUSINESS S-23

\fontlil> htatislios through Decemhcr jqrt1911, together wilh explanatory notesand references lo the sources of thedata. iiia\ he found in the 191-2 Sup-plement lo l\ Survey

COMMUNICATION S

M'P-teinbrt

1912

M'p-tembcr

1913

>(k'>m" ^i""" b'wlU' , - M a r c h VJ)ril M a> | J l l I i e I J l i 1^ j August

TRWSPORTATION \ M ) COM.Ml MC \T1O\S Continued

.Telephone carriers 1Updat ing Rnenues- Uiou^. <>i dol

Station revenues do _'Polls, message do

Operating expenses doNet operating income doPhones in sen ico, end of month . ihou^

lViegraph and onbW earnersOperating revenues, toiai ihou.-v oi dol

*1 eleuraph c a m e r a total doWestern \ nion Telemaph Co.. re\ emus

irom cable operations 'hou-.. o! del(.'able carriers do

Operating expenses doNet operating revenues doX»*t income trans, to earned surplus do

Radiotelegraph carriers, operating levenuesihoiis oi dol

78, 97.1' 15,278

M> sirfi19,s7i22, ) 19

1 1. 2s213, 254

7121.02S

S ], 9321,031' 100

' 991

13S.015 ,SO, 1134."-), Osu

22!s i t . '22.146

14 61713. f.O(i

1, 01 >s11,912

MtW

142. S»Vtv2. ;.07l\lf.l

<s9, 20020, .53722. 2s i

14,956

12.17!»!,33f.

si 2

110, 417SI, 570if) 506X7.MI0 i24.310

t, 2,"0

i 099U.b25

1 23765s

i.007

1 Ik ls3

50, 7'W)•»7, HI21, o\S22. Ml

15,9701 1 , M>7

J.XO.i13. lvj1 927

1 H». uhSS3, M0'>U, 27190.310 •'21, 147 !22, S3: i

i 1. 2."3' 13. ],>

il,70'2' .'3.")

199

f 092 ,

I 12. :>7hs2, 1254s. 2s6S7, 59121,29*22, 947

13.66312, 729

; 793i 931

11. I l l

1,033

150.3 5285, 2s7 ,53.122 ,93 ,7s3 ,21,09023, 121

15, 7t.H1 \. 077

• 12.K)5' 1,072

712

|

117, 940S4,94151,14492, S9721.00923, 285

1 d>,023

- 933 |1,257 I

» 12, 101 |

S24 !

51,84196, 62420,09823, 510

149,989 ! 149,02084,733 | 85,56153,089 i96,127 |20,79123,408 |

1 16, 234»- 14, 997

! 934 I1 1.237 I

1 12,409 i1 1 , 9 5 1fll, 323

1,116

152, 52384,42656,25398,43921,24023, 595

1 16, 7921 15, 563

i 955, ; i 1,229

12, 673 s 13, 502' 1,821 ! 1,310

397 364

16,459[ 15,253

5 890 !1,206 ;

1, 008 1,105

152, 54881, 50156,37397,50220, 75823, 685

« 16, 750! 15,553

1 976i 1, 198

1 14,886i

1, 103

CIII;\IK;\LS W D AIJJKD PRODUCTS

CHEMICALS

Methanol, prices, wholesale:Wood, refined (N. Y.) _.doL per gallon 0, 63Synthetic, pure, f. o. b. works do ..' , 28

Explosives, shipments thous, of lb _;Sulphur production (quarterly): ;

Louisiana. . . . . . ._. . . . . . long tons..! 189.380Texas -.. - do . . .! 426, 052

Sulfuric acid, price, wholesale, 66°, at works jdol. per short ton J 16. 50

FERTILIZERS

Consumption, Southern Statesthous. of short tons _ 251

Price, wholesale, nitrate of soda, crude, t. o, h,,cars, port warehouses* ... dol, per cwt 1. 650

Potash deliveries short tons .Superphosphate (bulk):f

Production - - -do .. ._.. „Stocks, end of month . <lo ,

NAVAL STORES '

Rosin, cum: :Priced wholesale " H " (Savannah), bulk i'

doL per cwt J 3.95Receipts, net, 3 ports bbl. (500 lb.) JStocks, 3 ports, end of month. do ..... i

Turpentine, gum, spirits of: :Price, wholesale (Savannah) f. doL per gal . , 66Receipts, net, 3 ports '. bbl. (50 gal.);Stocks, 3 ports, end of month . . .do j

OILS, FATS, AND BYPRODUCTS !

Animal, including fish oil:Animal fats-J

Consumption, factory _ thous. of lbProduction _ -. . do .Stock, end of month . do

fireases: jConsumption, factory . . doProduction * . doStock-., end of month do

Fish .nls:iConsumption, factory, , do1'roduction . doStocks, end of month . do

YeuetaMc oils. totJiirtConsumption, crude, factory mil ui lbProducuon . . „ doSlocks, '-ud of mouth

Crudi doKenned - - <lo

CtK'onut or copra oilp

('null'K.-tund

ihoiis.

0.5H 0. 58.28 .28

41,709 42,571

.... ' 148,570: 739,665

16. 50 16. 50

0, 58,28

41,407

16. 50

0. oh. 28

41,477

0. 5S.28

30, 626

147.850645, 380

16. 50 10. 50

0. 08.28

33, 39228

6') 2S2

0 •>>2S

iu 151

139,"05"i2;. 106

lu 50

0 t>328

if), s')3

172, 9 tf191 ()7(>

1»» 50

0 bi2S

36 570

lt> 50

0 bi2S

12,020

169 1,325 1,281 800 387 : 117 87 ; 140

1.650 1.650 1.650 i 1.650 ! 1.65061,310 32,543 • 67,006 ' 59,250 | 57,471

501,592 \ 574,721 i 554.067 ; 547,576 •' 571,369 577.842 577,281 I 611,773 560,346 ; 585,937 i 580,139 555,477 I 608,427t,070,785 ] 1,296,529 •1,271,890 1,197,472 -1,148,688 1.143,446 1,025,992 843,764 610,744 591,127 ; 737,004 813,074 i 849,497

1.65059,371 |

1.56,

650439 ,

1.o9,

65084.6 ;

1.54,

650855

1.67,

650876

1.65001,637

1.65056,586 ,

1.64,

650616

2.91$5,41545, 937

, 5^10, 42139,821

24250

945

3. 30. 713,079

. 60,290. 705

3.5018,

263,

6,49,

922434

. 64474525

19.267,

6,51,

. 16132144 ;

.64047913

20277

t'

i. 43, 108

5 it;

.04, 806,900

H. 507.817

276, 791

.642,102

57. 627

3.48 j; 7,728 !i 265,912 |

. 6 3 i1,105 {

55,071 l

25]

151

3.57 !,572 |,799

.64 1.548 !.321 !

3. 5013,437

253,134

.645,892

54,095

17249

858

3.54,992,087

,63, 035,481

3. 5519, 719

246,127

.6610, 50866. 518

17221

1579

3.73,587,988

.67,012,784

416,

202,

.00748298

.679, 239

84, 851

120.213Vis.

16.11

U)7

14

17s

10

2659635 '7

2153137s7

219

212

72t>

0262Ls

137. 997220,217-51!. VJ6

12. 5 Itt12, Os»l

104.02*

15,31027,291

17s,'217

764U2

i: 12

136,223.2b9,

51k"

11,20.

207,

s,

621717713

2390s1!132

1.V1

312132

s3 4299

n 5s2 59

10s,

n,15.

101.

20S,

7.

.55*

333

9 If.

815

419

%

in,290.3o»;

1150

10s

it,15

215

7

lt.fi597OIG

7H'91257U

373

Ti.'i)1440?

P J

114,315263, r->t')02D5. 350

i\ 599107. 101

^3 Hit6. 120

201. Mj 4

3i2402

92243s

i. 1 \2

U0.U71237,93129«, 9ss

57. 59315, 136

')<i, f>s;-s

13 ,8904,301

201.701

35!)

13S

7. 117.J. 123

118,521210,021290,45S

01,06715. 023*7, 4<>0

12, 4 S3736

197,053

311352

967lit.

7. I2'23. S5U

H I . 060223,448 !308,14S

59, 85716,031s i , ISO

15, 3261,169

195, 551

313321

923

m

7, 31 is3, 690

100,668276, 540307,190

•51,15847. 80751,770

21. 9652. 637

177,148

27627 t

'I. " 9 !"). 0 ' 9

94. 700269, 652359, 464

57, 89049, 87382, 475

21, 5*912,767

158, 764

293270

7SS400

Is. 970s, 15s

81,434274, 402375, 404

45,41949,310

100, 480

13,83814, 776

155,910

225220

749359

21.8014, 885

95.052256, 596398,998

64, 34047.851

101,138

16, 54724, 120

148, 845

261258

734287

32, 0729.522

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

Page 46: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

S-24 SURVEY OF CURRENT BUSINESS N o v em b e r 194 3

Monthly s ta t is t ics t h rough December1941, together with explanatory notes ;and references to the sources of t he \~da t a , may be found in t h e 1942 Sup- j Sep-pleiTient to t h e Survey

1943

Sep-tember

1943

I aim- j Febru-ar\ | ary

March ! April j May | June July j August

CHKMICVLS \ \ I ) ALLIED PRODLCTSContinued

OILS, FATS, AND BYPRODUCTS—Con.'

Coconut or copra oil—Continued. •.Production:

Crudet thous. of IbRefined -do

Stocks, end of month:tCrude . doRefined do

Cottonseed:Consumpt ion (crush) . thous . of short t o i ^ Vif*Receipts at mills..-. do l, r>>>Stocks at mills, end of month. . . . . . . . . do 1 , oni

Cottonseed cake and meal:Production.. _. . _ _. short ton*- 229, 5'JSStocks at mills, end of month. . . do . 48, 512

Cottonseed oil, crude:Production _.. thous. of \\> 152, SnlStocks, end of month . . do MI. X'ji

Cottonseed oil, refined:Consumption, factoryJ- _.. do

In oleomargarine_ _ _ 1 - - -do . .Price, wholesale, summer, yellow, prinu

(N. Y.)—- — dol. perlh .110Production . _ thous. of 1 h yo, 451Stocks, end of month _ .do - 12t>, 583

Flaxseed:Duluth:

Receipts. . . . . thous. of bu .-5, 173Shipments __do I 1,899Stocks . do j 1,701

Minneapolis: !Receipts do ! 8, 982Shipments do ; 855Stocks do ; 3, ] 59

Oil mills:}: iConsumption . do !Stocks, end of month do j

Price, wholesale, No. 1 (Mpls.). .dol. per bu..! 3.05Production (crop estimate)._.thous. of bu. J « 51,486

Linseed cake and meal: iShipments from Minneapolis._thous, of lb. J 53,040

Linseed oil: |Consumption, factoryt - .- .do I .Price, wholesale (N. Y.) dol. per lb . . | . 153Production! thous. of lb_. |Shipments from Minneapolis do ! 31,440Stocks at factory, end of month . . . . . . .do I

Soybeans: !Consumption}:.... ________thous. of bu__l___Production (crop estimate) ______ do ____ji 206,868Stocks, end of month do____j . . . . .

Soybean oil: jConsumption, refinedi . . . . . t hous . of lb._! . . . .Production: j

Crude t . . . . . . . . . .do JRen ned . .__.__-__do S .

Stocks, end of month:Crude . . . . . do___Refinedt-------------- __._do-...

Oleomargarine: IConsumption (tax-paid withdrawals) §.do..__ I..___.._._Price, wholesale, standard, uncolored (Chi- j

cago) - dol. por lb__j , 165Productions thous. of lb. J .

Shortenings and compounds: jProduction.. . ____. do. ___!_.Stocks, end of month i.. do L . _ _Vegetable price, wholesale, tierces (Chicago) }

dol. per lb'__i . 165i

P A I N T S A L E S

Calcimines, plastic and cold-water paints: ICalcim ines thous. of dol__!_____Plastic p a i n t s . . . . . . . . .do LCold-water paints: I

In dry f o r m . . . . . . . _.-..do__._!___.__._.In paste form, for interior use-_. .-_.do I . . . .

Paint, varnish, lacquer, and fillers: jTota l . ,___-_ . . . . d o . . . . i.. ,.

Classified, total __._.___..__do____j_________Indus t r i a l . . . ______,___do !__._____.Trade .___..___ . . . . d o . . . . . ..

U n c l a s s i f i e d . . . . . . . . . __>___do_.__!..______.

4, _NJ

Us . 1.02

( J)i, s2J

V. Ill* f 2*>

' 1,00]

' M i l2. 370

12h 7 3')7, 2U

lob I1J7, 21 3

71 IMi

1 . 7 1 1

7, 472

i l 071

3tu

E L E C T R I C P O W E R

Production, total ,_ mil. of kw.-hr.By source;

Fuel . . . . . _ , _ _.__.____ doW ater power _ _ _ _ do _. _

By type of producer:Privately and municipally owned electric

utilities . .mi l , of kw.-hr .Other producers. . . . . . . _do___

18, 840

13, 4755,364

16,0562,784

29, 38328, 7Mi

11.312

•U, 42b214 t._2

r l t . l , 4t,9"J2, 203

J JO, 95213 Jb7

no' M 751

171 459

5J7236 s379 j

j5,438 \

483 I

7502, 066

5, 678465

2,734

3,899 i 3,7785,467 ! 10,347

2.40 | 2.43 '

3.30 025

IA\ 37715, (.12

. \?7If»*», 591)2(11,427

2, M(.2, 3982, 304

5,564'554 i

2,780 ;

4, 44511,938

2. 46

317 5 ^117.77s

L'y 1.02292, (>72

34,200 j 54,640 [ 47,240

44,407 j,136

76, 30821,850

230, 252 j

46,726 ;.134 I

72,023 I22,750 I

242,879 i

44, 383.131

84, 78524, 850

273f 101

6,218 | 6,081 j 6,893

5,931

58, 478

57,41362, 407

68,896 !67,761 !

1,120 I

63,940 I

55,389 !60, 879' i

52,456 j55,134 j

25, 213

60, 393

64, 45155, 435

51, 36451, 234

217, 10*157 My

119, 374V>, 12«,

.140l M . ' h t i2.-4.71^

828 :1,665 !1,437 I

1,320 !252 !

2,535 \

3.993 I11,254 !

2.43 I

JU), SHJ157,212

1 17, 10921,d35

1 . ] < • ' »

2.3 4 9127 5 . * ><>

]\0151,4(6o27, hit*

,K'2l

30 ;n)7759

',.317

17, 71J i t 05! IK (.733,0(»S A. 151 3 181

ol 7 ' 2 171. M\ 1S8, 1_M !4 ,18* 4 l t y 4.417 j

33201

4S1

U725

177

),078 .5,300

>, 275 ;1,908 ;

92 :18 :

103

664211

166, 2.4, i:

l2A,] . « \ i

11'..26.

1 3 1

31\

7021 o2

14059"

1 16. A{\) 93, «js« o7, 569'39.853 37,431 36,258

lit)! 640 by] 472 OoifcSI

131.575 112,241 93, 7<>325,1^7 lo (>2i o jii7

140 .140 .14(1119 7(»»> 89,83(. 65,(»77

318.303 299,817 266,5r>7

41, <29J

82,

364 :523 :

858 I736 i

140 !797462

614790

;, MI ;,593

S 768 I,825 i

:, 318•,051 :

,140i, 620', 0S1

366887916

744110

2, 269

! 3,817i 11,682I 2.56i 2 40, 660

24 !

o i940 |

581 i186 !

1,865 1

3,713 |9,000 i

24 i 10 !2 ; 0 !

963 I 972 |

627 i 1,265 \165 | 305 I

1,288 | 871 ;

3,582 I 3,383 !0,746 i 4,910 |2.97 i 3.17 i

104 !173 :904 ;

1,311 I113 i868

3, 2643, 5843.21

56,820 ! 64,740 60,660 j 45,180 j 44,100 j 46,320

40,198. 127

77,04525, 560

291,212

8,145

35,356

49,691 I

75,393 i58.061 !

62,26851,476

i 40,879i .129! 73.569j 27,780j 297,244

1 10,058 I:2 209, 559 !

37,820 !. 134 j

71, 78026, 280

289,245 !

41, 558.143

69, 34628,560

278.601

46,320 j.153 i

I 63,214! 38,100! 288,551

252 :329827

813 i333 i412 I

2,688 !2,993 i3.16 I

252547532

68011797

3,713 i2,389 i3.05 I

3251549

632"151

3,1093,8153.05 :

11,4378. 952

153.1423,682

133391349

5b, 97829. 241

40,01032. 588

107.65420, 650

.14027, 839

339,909

522145

^426

4! 988'801

100r '

3! 51510, 133

3.02

41,520 \ 45,180 | 32,820 ' 40,980

44, 375,157

62, 29839, 360

263, 561

44, 265.155

50, 69140,380

228, 796

48,780.153

71, 31636,060

191,855

! 43,161 i! .153 !! 60,976 II 29,340 i! 189,798 !

46, 247.153

67. 98127; 120

177,211

12,293 j 12,215

34, 938

53, 608

92, 32665, 414

83,41657, 080

31,353

62,320

109,70473, 875

99, 15663, 545

28, 782

80,168

107, 73989,103

108, 73569, 995

24,379 ! 29,537 I 35,403 ; 39,371 42,151 j 53,31.1 j 50,98-1

.150 i38,495 !

j125,918

50, 953

. 1 5 0 I39,604 j

117 :36 ;

219 !385 i

41.106 !36,93516, 74820,187

4, 170

158.10743, 583

14733

196410

43,02837, 78217, 24320,540

5, 246

.150 I46,283 ;

130,33641, 142 ;

. 1 6 5 •

100 ':45 >

190 !481 ;

44,122 I39.186 ;

17,906 !21,280 !4,935 !

.150 i47,635 I

.150 I42,099

.150 ;

61,984 I

96,22937,853

| 117,915| 42,648

i 119,7-18 i| 43,230 |

177456 :

38,12234,31516.221 i18.0943.807 ;

,165 :

10433

153394

37, 14133.51816.90516.6123, 623

114 :45 !

154 i360 ;

37,843 i33,677 j16,221 !17,456 I4,166 !

.16362, 982

124,95841,28S

,165

104 i34 ;

169 !443 !

38,392 :

34,530 116,726 !17,804 j3,862 I

13,066 i 14,892 13,635 I 12,709 | 10,580 \ 9,853

28,325 I

95,622 !I

115,321 I96,989'i

126,507 \73,753 I

26,230 I

89,614 I

131,833 I105,341

126, 33284, 221

20,607 I

80,903 !j

122, 746100,182

129,16196, 092

.7,482 ! 32,363 | 20,651

17, 246

93,025

114,814109,617

107, 92997, 481

14,692 I

66,462 I

96,314 I70,707 ;

123,937 j93,289 1

24, 509 31, 082

70,045 !.165 !

43, 120 I

134, 785 !38,272 I

134,11144, 603

. 165 130,775 I

122,568 I51,920 j

.165 i36,062 I

126,98948,571 !

.165 ;

.165 i43,956 I

i3, 167

.165

12342

234590

46,39842, 71019, 89722, 225"i 275

12845

235611

50, 92346, 22120, 90725,3134,702

12]43 j

266 :

565 :

51,435 I46,710 I21,830 !24,880 I4,725 !

157 i41 1

283497

55,482 !50,28222,750 I27,5325, 199

9134 ;

251422

50, 10745,36921,34424. 0254,738

9,048

89, 617

91.23886,365

120,65790, 596

38, 144

,16553, 950

119,23955, 065

13441

286411

51,05946. 166-22, 90223, 264•1, 893

ELECTRIC POWER AND GAS

16, 262

10. 9465, 315

14, 0472,214

16,114

10, 8955,219

16, 753

11,2445, 509

13,804 ! 14,2822,310 i 2,470

16,459 I 17,681

10,726 ! 11,5715, 733 I 6, 110

14.086 i 15.2372,373 I 2,444

17,651

11,2556, 396

15,1702,481

16, 110

10, 2205, 890

13, 9362,174

17, 829

11,2056, 623

15, 3772,451

17,

10,6,

238

474764

14,8242,414

17, S65

10, 6697,196

15, 2762, 589

18, 080

11,5996, 481

15,5212,558

18, 668 I ' 19,. 206

12,4586,210

15,9992,669

' 13,315r 5, 891

16, 480' 2, 720

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Page 47: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

November 1943 SURVEY OF CURRENT BUSINESS S-25

lontiilv statistics through DccemlMT .„, , ,I'M J, t o.?<-flier with explanalory nol«*s v n A

;tn<l r«*f<*rt"nr«\s lo the sources of the -data , ma> !>«• found in the 1<)12 Sun- ><i'-r»Ji»m«'fit tit I h«- Surw> tt'T< h< '

KLECTRIC POWER \ \ D GAS--Continued

1913

\Tunh A I T I June July | August

ELECTKIC I'OWEK—Continued

J!«S to u l t u n ile u i ^ t o m i r o , lo i^ l i i\}i on.Klo -fih I i w i l u n ^ nn l of «»w h:

Hi M<U ill u l or d o m i c i l e _ doRural M i - h u r t rura l i ^ s i .lo< unni 'Mcnl a n d ind i i s t ' i i!:

•^iinll liL'ht and po\\t r d »J iT'Ji lj»l'* 'Ul'J J)OU<T <h>

-Mn>' t a n d ! u e h \ \ o \ l m t i t m i i <!<>' »f iii'i m i ! Me a u t h o t i i i - d >I l . i ' l u I ' iMi! I u lKMti- , '!<l lUt rd i ]U» t m lit ll n o

it o M'l'1 f r o m *- i l e^ t o . M u n i a t " f a> i«UiMi-

Malillf li. 'UK'd U INCus toi ) r>. lot il . thous mds1

Doi'i ^tic . . . (loMuiise MffUiiu doIn 1'ishidl and common, h i do

MII > to consumers, total m.l.of eu. ftDomestic . . (hilion-1 matins: _ . d oJndu^tii.il mil c )mmereial _ do

K'Hona'1 ftom s.ilos to consumers, totalthous of ilol

]></iiiesti(l . . doII.MW heat my _ _ <ioInduMn il find conini"rn il do

Natural MsCustomers, total thousands, _• . . ._

i )omestic do IIndustrial and commercial do j

Sales to consumers, total mil. of cu. ft._|Domestic do jIndl., coml., and elec. generation do !

Revenue from sales to consumers, total !thous. of dol_.|

Domestic do L . _ _Indl., coml., and elec. generation, . d o !

A L C O H O L I C B E V E R A G E S

Fermented malt liquor:f IProduction__ thous. of b b l . JTax-paid withdrawals _ ..doStocks, end of month _. d o . . . . J

Distilled spirits:! \Apparent consumption for beverage pur- j*' poses.. . thous. of wine gal. „ jProduct ionJ- . - - thous. of tax ga l . . |Tax-paid withdrawals. _ . . .do.. _

',3481.690' 773

439258

•lo I 419,040Stocks, end ofWhisky:f

Production do iTax-i>aid withdrawals „ ..do i 4,:Stocks, end of month . . . do j 405.

Rectified spirits and wines, production, totalf ithous. of proof gal

Whisk y....... .__-_. doStill wines:!

Production.. thous. of wine gal..!Tax-paid withdrawals do JStocks, end of month . do ! . - . . . .

Sparkling wines:! jProduction . do jTax-paid withdrawals . do j .Stocks, end of month... do j

DAIRY PRODUCTS

Butter, creamery: jPrice, wholesale, 92-score (N.Y.).dot. per lb..! K 425Production (factory)! thous. of lb . J 120,485Stocks, cold storage, end of month..„ ..do ' 232, 135

Cheese: jPrice, wholesale, American Cheddars (Wis- I

consin) dol. per lb..I .233Production, total (factory)! thous. of lb. ! 83, 590

American whole Diilkf... do I 65,950Stocks, cold storage, end of month do I 217, G15

American whole milk... do | 181, 213Condensed and evaporated milk: j

Prices, wholesale, U. S. average: !Condensed (sweetened) dol. per case...: 5.84E vaporated (unsweetened) do ; 4.15

. t ">0 13 ,712 i H,'.*;•.! U . 0 9 7 31 ,717 l l . s s i U , i 'U : 4 , s i u

. 1 0 1 2. 1" 6 2 , 2 2 ! 2, <12 J. ' 2 2 2. (»7s 2, .".!» 2 ,3s" ,

10,7

15, Ss21.3'.9

12, 056

29,51521,2")11,1157, 008

8,2697, 702

564118,46318, 55796,997

10. 5sa ;9,752 !

3W !

30 M57 I17, 127 !

1,111 I12, 191 I

V 0 ' 7 i22 I N i

1,311 I7, 139 I

M 0 7 i7,738 i

566 i123,464 i19,625

101,183

."<'{ 1

1 is

10, 55',)9, 722

381J45

31,81118,081

13ji>0

3"i, 79f>23, 454

7', (>22

S, 379

137,60526, 711

108,210

33,874 j 34.914 j 41.11314,753 I 15,044 I 19,21818,746 I 19,520 ! 2 ' , 528

•1:12

1U

1U, 5349, 696

3S->110

•W. 11 >16.3198. lOi

J i iY)',

3", t,sl

i.7U8, i23

8. }7.i

156, HO38, 5 s5

114,556

19, 55125, 58223. 614

'J 11»

C71

, 47i! 2, Jsl

"sOS71

711 2t-", 7M» L'.'i. ' i l

10, (Hl39, 75 \

39s112

1"). 9171., Ml13,57711. 5] i\

10. 5 's

'{534M,9"419. 0.V213,(1 ,31 i, 137

9.73-)•tNJ4l(>

45, 39618,61712, 10513,969

39, 9os 10. 9.K) ! 39. 8!623,377 2 5. (>3S ; 22. M»9

7,77! h, :\\\l \ 8,301v 5H1 S, 479 : S, 401

\ 5077. HS5

620ISO, ()(»()57,331

118, 888

S, 44*17,812

601 i193,526 i69.577 ;

120, 778

8, 4487,850

596195,11368, 206

123,048

62.181 70.863 i 69,36735.497 42,659 41,20426,127 27,730 : 27,598

FOODSTUFFS AND TOBACCO

768,

002937483

'6'6'8

624290596

5,5,8

770626483

5,746 4,945 ! 1,79710,140 i r 10,070 | 11. 43f>

507,491 (''500,144 | 487,550

4,705 |4,717 I8,253 !

16,690 • 19,136 | 26,766 ' 13,4106,925 j ' 6 ,757 • 7,528 4, "71

15, 366 ' ' 15,143 '• 16, 596 \ 583529,238 |r 521. 149 507,226 199,350

7,5486, 652

3, 941^8,418

7,756 ! 7,9526,153 ! 6,926

19,225 | 85,75310,747 i 11,473

116, 179 I 113,962 ; 142,85

5569

1,019

5893

979

64121916

5.050 •430, 325 j

1,9^24,228 ;

6sU9851

4, 8134. 6998,159

15, 7301,571

10,1004*9,418

06, 873

471,026 i

5. 3994. 62s

12. J5811 4'».S

111, M)3

.414 I .439 ! .465 .465 ; .466167,330 ! 137,375 i 123,954 ; 106,023 ! 116,103152,198 ! 123, 599 I 86,981 45, 937 ! 24, 979 !

. 210• 101, 48785, 644279,905243, 596

5,653. 50

.217' 82, 78367, 931259, 078224, 861

5.833. 66

.27171,58056,884195, 378169, 913

. 23355, 61642, 341153,806134, 332

. 23354,93241,020131. 398112,348

4,4214. 2368,121

12,217876

10.273 !479,196

07,114

461, 686

5, 1774,619

5,422 !9,009 I

132,012 i

* . 476122, 88015, 607

. 23360.15546, 545113,79797,103

5, 2184, 5508,565

12,779 !1, 179 |9,054 !

470,259 |

o !6,138 :

453,387 i

4,836 !4,238 !

5.327 I8. 5Q4 •'

122. 707

62730

i . 180121,99512,327 ;

.233 I60,37516,945 ;93.37976, 678

5, 8915, 5478,661

81110,056

461,146

5,5364,785 I

3,595 '8,311

114,214i

153 ;74 !S12

i . 485140, 07516, 676

.233 ;74,345 !

58,035 I77,61564.890 :

,7s2 l i . 7 > 15. JH)

' I ' ) , ' Jl() ' 29(» 5J2

. JO')1-.0

s. S')i176i)>,8

si

10, 5379. 707

361457

15. H37is, 69610.80315, 178

39,03522, Mi7, 113 iS, 592 !

8,4987,892

604190,07463, 627

122,497

66.449 j 57,173 ! 48,02638,783 I 32,133 ! 24,68927,055 : 24,777 | 22,898

2 4^»S si<»

14s 1W in7-S2 71 i 7"»t

7s9 2")! ">6(. . v i , 900

10,523 !9,678 I

378 !455 ;

42,716 !17.796 |9,060 I15, 524

37, 02722,5745,656 !

8,580 !

8.4777f878

596168, 846

50, 589

in, 5SI'J 7«

386451

Wj. 17517, jsl7, 3s2

14.308

35, 45623, 0414,0808,158

S, 4937, 894

596151,57236,150

116,562 ; 112,028

5,9845,683 i8,705 !

13,746 I 11,942 |636

8,669453,034

o | o !6,649 i 5,774 j

444,878 ! 437,398 I

4,780 !

4,074

2,930 I8,006 !

106,200 !

112 :79 ;

845

5, 8346, 0678,215

10, 459423

7, 361445,915

04,725 |

430,917 I

4,6083,917

1, 5277,053

99, 122

122 !97 !

854 !

7,392 |7,025 !8,295

9, 768457

7. 181439, 519

04,779

424,831

4,8844,134

2 5337, 059

91,031

13696S82

7,3297,421 i7,893 !

10, 627444

7,092 |432,651 I

i0 j

4,639418,532 j

4,898 i4,308 :

3,579 '6, 589

90, 629

12692

912

» . 476 ; i . 475 i ! . 434 ! i . 425150, 185 • 190, 535 < 202. 195 j 181, 33530, 190 ' 82, 761 j 157, 540 ! 210. 540

.233S3, 59066,74079.46465, 843

.233 !109.410 |87.560 !97,327 !80,495 !

.233116,28097. 600144,867117,094

106, 45087, 310

182, 967150, 245

6, 8987, 2217, 346

7337. 235

426, 204

04, 756

412,294

5, 3314,701

8, 1126, 997

84, 561

7691

897

» . 425151,880

•231,543

. 23394,41577,185

-•209,365r 172, 937

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

Page 48: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

S-26 SURVEY OF CURRENT BUSINESS November 1943

Monthly stat ist ics through December1941, together with explanatory notesand references to the courees of thedata , may be found in the 1942 Sup-plement to the Survey

1943

Sep-tember

1942 1943

A u S " s t temberOcto-ber

! Novem-! Decem- ! Janu- Febru-ary March j April I May

FOODSTUFFS AND TOBACCO—Continued

June July | August

DAIRY PRODUCTS—Continued \

Condensed and evaporated milk—Continued, \Production: |

Condensed (sweetened): IBulk goods* thous. of lbCase goodst - _... do

Evaporated (unsweetened), case goods, d o . . . .Stocks,manufacturers', case goods, endof mo.:

Condensed (swecteded)..". thous. of lb._Evaporated (unsweetened) . . .do

Fluid milk:Price, dealers', stand, grade..dol. per 100 lb_.!Production mil of lb.. |Utilization in manufactured dairy products!!

mil. oflb. .!Dried skim milk: I

Price, wholesale, for human consumption, iU. S.average . dol.perlb.J

Production, totalf thous. of lb..]For human consumption! do _ _ |

Stocks, manufacturers', end of month, totalthous. oflb. .

For human consumption -...do |

FRUITS AND VEGETABLES j

Apples: jProduction (crop estimate) thous. of bu__ | *9G, 057Shipments, carlot... no. of carloads..| 3,462S k ld d f h f b

23, 4638.079

232,763

10,238329, 364

3.229, 255

4,021

27, 6978, 500

270,021

5210

30

412110

I 7b76G

2'At>

221

1i:j«J

\)

4

51778967<>

t)2f>

2 ^2

185

215.

203,

97!

5S0114

415706

> S5903

7u7

15,

16."',

90

s

3

IM1My50

580

2 93172 ,

139 '

"7!0881 7 N 333

4, 22r.82, 672

8*" 173

208,

201

91

,-i

26728;;69*

nn

77H

hi."

8210

089

s

500315

395499

380

03*.

27,411 i9,450 1

252,339 '

7, 198 !77,807 i

3. 099,759 ;

4,267 i

28,746 !10, 500 |

288,923 i

6,739114,682 I

3.14 !10,245 j

4.655 !

38,18411,240

376,015

9. 121252. 422

3.1611,904

5. 947

40, 28811,500

386,000

10,736373, 784

3.1812, 600

6, 281

32.9.

335,

10.400

311.

-

20150u

i»4li397

76"

(>2\

2t..01."* 931

275. '00

Hi. 7 it376. 779

3 2(1<) 571

i.71«

. 13834,65033, 250

37,34636, 624

p ,Stocks, cold storage,end of mo.thous. of bu...

Citrus fruits, carlot shipments. .no. of carloads.Frozen fruits, stocks, cold storage, end of

t h t h f l b I

5,9955,848

month . . . . thous. of lb..I 220,238Frozen vegetables, stocks, cold storage, end of 1

month . „. thous. of lb._ 160, 624Potatoes, white:

Price, wholesale (N. Y. ) . . . dol. per 100 lb . . | 2. 781Production (crop estimate) t~-thous. of bu_.j J469, 545Shipments, carlot no. of carloads... j 24,968

GRAINS AND GRAIN PRODUCTS |

Barley: iPrices, wholesale (Minneapolis): i

No. 3, straight.._ .._._._-dol. per bu._No. 2, malting . . . . do . - . .

Production (crop estimate)! .thous. of bu . . .Receipts, principal markets . . . d o . . . .Stocks, commercial, dom., end of ino.do

Corn:Grindings, wet p rocess . . . . . . . . . d o . . . .Prices, wholesale:

No. 3, yellow (Chicago) dol. per bu__No. 3, white (Chicago) _._.__..do.. . .Weighted a vg., 5mkts., all grades..-do

Production (cropestimate)!...thous. of bu__Receipts, principal markets . d o . . . .Stocks, domestic, end of month:

Commercial. . . . . . . . . . d oOn farms!.. . . . . do . . . .

Oats:Price, wholesale, No. 3, white (Chicago)

dol. per bu. .Production (crop estimate) f.-thous. of bu...Receipts, principal markets . . . . . . doStocks, domestic, end of month:

Commercial . ....doO n farms ! __._.. . _. do

Rice: jPrice, wholesale, head, clean (New Orleans) j

dol. perlb..{ .067Production (crop estimate)!, .thous. of bu...i 1 69,019California: I

Receipts, domestic, rough.bags (100 lb.)__j 202,756Shipments from mills, milled rice do I 167,186Stocks, rough and cleaned (in terms of j

cleaned rice), end of mo..bags (100 lb.) --1 115. 773Southern States (La., Tex., Ark., Tenn.): |

Receipts, rough, at millsthous. of bbl. (162 lb.) . . 1,605

Shipments from mills, milled rice !thous. of pockets (100 lb.)._| 1,075

Stocks, domestic, rough and cleaned (in jterms of cleaned rice), end of month j

thous. of pockets (100 lb.)..i 1,023Rye: j

Price, wholesale, No. 2 (Mpls.).-dol. per bu_.i 1.01Production (crop estimate)!--thous. of bu . J '33,314Receipts, principal markets . . . . . . do S 1,419Stocks, commercial, dom., end of mo. .do l 22,907

1.15l 1.30

1330,21219,86020, 588

|j 10,744\| («)! (°)! 1.02ji 3,055,605| 18,891jj 7,452! 3364,844

11,148,69*20, 303

16, 407941,092

.129 i58,273 I52,896 j

41,820 ;36,703 |

742 |0

947 ]

707 '

ls6 '

no

026

. 13147,56843,957 !

32, 39228,432 !

11,105

8, 888

225, 1«) 1

1 1 7 , 7«»».

1.61515.223

. 13339,91336, 853

19,57017, 332

11. H232, 70611 578

221,727

11" slO

1. 950

.132 )31.186 I28.809 !

j17,833 i16,322 !

7. 4oJ35.76112, 407

206. 7»6

115,84"

2. 206

. 134 •: , 137 1 .137 ! . 138 j . 139 ! , 138 j . 139 137 . 134,419 : 29,316 \ 30.882 ! 41,500 i 46,940 j 60,158 | 67,075 56.000 l i 132,134 I 27,399 I 28,169 ! 39, 271 \ 44,306 | 57,142 63, 675 > 53 650 42, <

l27.668 ! 28,543 I 27,655 i 30,652 j 33,065 43,907 56,428 ' 49,78(;26,329 26,673 : 24,995 ! 29,884 | 32.352 .' 42,984 j 55,005 Kol .3

K 458r 1") 665

30.57719, US

lss Oil

KM,'*M

' 3, M(i32'j <>03

r id 15}

172, 103

9-', 311

r 4, 909 :

16,549 Ir 17,513 I '

I145,272 I

74,821 !

2.800 Ir 21. 572

' 4, 787 I9, 403 I

21,989 ;

124,392 ;

70,478 I

3.394 I

^23^593 j

' 2, 823 !4,623

r 18, 436

98,967

62,076

3.460

M2~837~

.64 |

.82 ;.64 '.85 S

.61 ',88 ;

.65 ! .74 •

.90 i .95 !\ *426,150 !

.80 i .83 i.97 j

.86

.98.85 :.99 j

r 1, 8581,760

' 17, 464

96, 515

56, 689

4.936

r" 18," 847'

.84 '

.99 i

' 7 8 20

' 14,927

107,138 I

73,888

3.865

' 9 7 2 !0 j

' 11 ,580 ii

162,034 !

100,066

2.925

'9130

• 8, 600

1184, 763

134, 162

2.988

.99 11.08 I

1.05 i1.13 ;

1.081.18

18,872! 15,566; 14,963 i5,691 I 10,551 ! 11,887 ! j

10,749 10,642 I 11,276 j 11,175 j 10,922;

9,436! 9,967 |12,154 \ 10,743 j

1. 02 i.86 I

. 84 ! . 77 j1.06 i 1.04 I

. 8 5 ! .77 1

.81 i .89 :

1. 07 1. 08 I. 79 ! . 85 i

'23,175,154 !

7,725 i 7,456 i 8,969

9,771 I 9,000 I 6,987

11,387 I 10,581 I 11,513

.97 '

8,8147,224

i 9,053 I 12,603 j 15,480 I! 8,767 I 9,028 j 11,611 j

M l , 167 ' M0. 518 ' 9,189 | ' 9, 243 :

.97 !1.09 !.92 i

1.011.20.96

20, 120 I 22, 183 ; 27, 835 j 30, 999 | 41, 389 I 35, 929 i 37, 303 i 30, 568i ! I ! ! I !

43,697 j 38,641 i 39,969 •. ._' '3423,758 I . . . . J

40, 734 I 43,407 i. . '2,277,332 i

I42,829 I 48,769 | 42,326

__| ....',1,395,112

1.03 !1.22 I1.03 I

1.06 !1.23 !1.04 I

1.061.231.04

26,433 i

29,463 !

22,507 13,032

(a)

1.03

23, 78917,548

M0,5

1.231.04

11,681

24,173 I 9, 663 j 6, 432I 812.692 ! ,

21,500

8,649

. 49 ! . 49 !1

. 47 II"I6,"9l8"|"l7,"4i4y"i3,"i25"j"

5,132 I 10,123 I 12,106 I. . . . . . . . 1,132,933 ! . . | .

.50 : .54. .; 21,358,730

6, 209 I 6, 7831

10,451 I 9,534I 887,575

.59 ; , 60 i . 64 I

"6,"353Y"7,~89T ""8f"568"

7,649 7,608 ! 6,182.. I ..J 508,208

.069 ! .067 i .062 I .067 ! .067 j. . . . . . . ! 266,363 j

. 067 ,067 j .067

40,293 493 I 394.062 j 531.917 I 543,339 I 484,751 I 541,602 \ 528,39936,666 ! 60,150 | 111,630 I 383,414 | 319,526 j 290,039 ] 326,01469,944

107, 281

298 !

253 i

158 ;

.59 S

.67

8,362

5, 083

,067

,65

"167662

8,761

.067 i

.69 ! .71J ... _-J

9,172 11,098 i

7, 270 !7, 746236,444

24,538

13,100

,067

395,030 I 431,401 477,897339,188 j 401,271

70,919 I 247,027 457, 565 i 428, 358 ! 367,863 \ 421, 529 416,408 I 335,955 255,036

1,295 I

781 •

677 j

. 65

2, 933 I

1,776 I

1,927

.59

2, 708 j

I1,950 !

2, 792 !

. 5 9 i

2, 308 I 1, 365 :

2,100 ; 1,758

2,508 ! 2,393 j17, 288 I 18, 477 >

3.846 I19,295 I

1,57719,761

3,107 1

.70 I,341 1

2,827

907

1,101

2, 685

541 j

1,337 !

1.964

.83

220 I

792 j

171

649 !

1. 434 i 974 j

.81 I .!, L

1,061 i 802 !19,889 1 19,924 I

1,345 1 2,94319, 645 1 20, 458

1,81821,053 I

3,90922,656

309,872

248,106

125

455

661

.94

.067 .067

325, 079279, 345

162,164

18

438 ;

243 ;

1.01!

236, 238158,880

154,247

464

295

435

.95

3,438 !23,309 !

4,130 I 2, 33423,318 23,850

r Revised. ° No quotation. l Oct. 1 estimate. 2 Dec. 1 estimate.3 Includes old crop only; new corn not reported in stock figures until crop year begins in October and new oats until the crop year begins in July.!Revised series. For revisions in the indicated dairy products series see note marked "f" on p. S-25. The indicated grain series above and on p. 'S-27 have been 'revised as fol-

lows: All crop estimates beginning 1929; domestic disappearance of wheat and stocks of wheat in interior mills and elevators beginning 1934; corn, oat, and wheat stocks on farms andtotal stocks of United States domestic wheat beginning 1926. Revised 1941 crop estimates and December 1941 stock figures are on pp. S-25 and S-26 of the February 1943 Survey;revised 1941 quarterly or monthly averages for all series other than crop estimates are given on pp. S-25 and S-26 of the April 1943 issue, in notes marked " t " . All revisions are avail-able on request.

•New series. Data for January 1939-July 1942 on production of condensed milk bulk goods are available on request; figures for 1918-38 are published on p. 103 of the 1940 Supple-ment to the Survey; monthly data were not collected currently from October 1939 to August 1942,

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Page 49: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

November 1943 SURVEY OF CURRENT Rl\SL\ESS S-27

Monthly statistics through l)t*ceinWr1941, together with explanatory notesand references to the sources of the(lulu,, may be found in the 1942 Sup-plement to the Survey i torn her

Octo-ber

No\em-her ,

Decbr

Fcbiuu y

FOODSTUFFS AND TOBACCO Continued

1943

March Apiil M a j June July August

1 l.i1.721 U>1 U

), Sl(-i ,959*, S57). 852

G R A I N AND G R A I N P R O D U C T S — C o n .

\ \ heat.Disappearance, domett K\ —thous, of bu

Pr:c( s, wholesale:\ ( i . 1, Dark X o i t l u r n spr ing (Minne-

apolis, dol per bu\ o . 2, Red \V intt-r (St Louis; do\ o . 2, Hard Winter (K. C ) do\\ emhud av., 6 mkts , all made- do _

Pioducuon U'IOJ e^t./, toialT thous. of buSprinu v. heat . . do\ \ mtei \\ lie.if do

liuoipts , principal maikels dosin' ks7 etui (if month:

( HI.ula (Canadian v\ hrat) - do 3(>!I lined s tates , domiMu, intal 11. do I

< 'ommeici il doCountry nulls and el«'\au irsf do 205,Ah reliant mills . duOn farmsf „ do - , j -

\ \ licit Hour(? findings of wheat . do

Standard patents (Mpis.)§ dol poi bbl ( «2W inter, straights'Knns, s Ci ty^ do 0 io

Production (Census)Floui, actual thous. of bbl

Operations, percent o! capacityOll'al . . thoin. oflh

Storks held b\ mills, end of monththous. of bbl

LIVESTOCK

Cattle and calves:Receipts, principal markets

thous. of animals..;Shipments, feeder, to 8 corn belt Statesf

thous. of animals..!Prices, wholesale:

Beef steers (Chicago) dol. per 100 lb. _ jSteers, stocker and feeder (K. C.)...do 'Calves, vealers (Chicago).. do

Hogs:Receipts, principal markets

thous. of animals.Prices:

Wholesale, average, all grades (Chicago)dol. per 1001b

Hog-corn ratio fbu. of corn per cwt. of live hogs

Sheep and lambs:Receipts, principal markets

thous. of animals .Shipments, feeder, to 8 corn belt Statesf

thous. of animalsPrices, wholesale:

Lambs, average (Chicago)-dol. per 100 lb. .Lambs, feeder, good and choice (Omaha)

dol. per 100 1b .

MEATS

Total meats (including lard): ;Consumption, apparent mil. of lb . . L - -Production (inspected slaughter)......do jStocks, cold storage, end of month... .do \ 788

Miscellaneous meats _..do i 105Beef and veal: j

Consumption, apparent thous. of lb. JPrice, wholesale, beef, fresh, native steers j

(Chicago) . dol. per lb . . ! .200Production (inspected slaughter) .thous. of lb . 628, 439Stocks, beef, cold storage, end of mo do 111, 929

Lamb and mutton: jConsumption, apparent doProduction (inspected slaughter) doStocks, cold storage, end of month d o . ...j

Pork (including lard): 1Consumption, apparent do |Production (inspected slaughter) do ]... . .„._.

Pork: ]Prices, wholesale (Chicago):

Hams, smoked ...dol. per lb... .258Fresh loins, 8-10 lb. average... do .256

Production (inspected slaughter) thous. of lb . j .Stocks, cold storage, end of month do ! 361,186

Lard: |Consumption, apparent... do . . .Prices, wholesale:

Prime, contract, in tierces (N. Y.) •dol. pe r lb . J .139

Refined (Chicago) do I .146Production (inspected slaughter) thous. of lb.... j 140,997Stocks, cold storage, end of month do . . . J 192,068

98. 22817, 682

282, 55

1 131.201 111. 11

3S. 1>5!

37\091

2(.0, 119

4(1, "J2H

" !3

S , < l t » S

59. 0705, 510

JI11

53,

.1*0,

iVt . 4 1

14

r

705,

.2018

. * !

22129! |

1009'271 10

.m<

9515

7(i3

128

I-'

12."

2hS

47

SIT

3 1"3. i s1 211. 15

, *io

. ( .11

, 05 s

.7(H

0 0 15 ii(i

07 1. n i l

1lii

32,

U5,

2 V.)

13.

\

743,

. 2032

17

2t.l

z3')7

III!s s

1 62i is1.311 2s

-27SU71-7n3, 2'.\

31,si!

447. Mud

245, 'l 50235. 221139, 3S">49l.Oi.2

M | S

IU. 152

3 (J 2"

I W

I 371.3'.

\\7 >"M

23d. • i -tv.1

(. 33t> 12

73 Ssl7 171

1j1!

211.

i i

J9.

4 1

.A7

lOh

• •I")

2s(,

35it,

7*00 7930

i 44

1 Id1 11

47, 52s

212! m171.5M1

17,927

6 3s

00 s818,29',)

1 - > ^

1

11

3 . ,

109,

191.

*.'

j

s.

09.-5.

10

39

.m

M,-

! i i , S

4411

1.421 5S1. 3s1. 40

37.271

390,hU2 1

17 .M1 > '

J'.. 182

0. 45(, 07

7.s53 ,51 0 •

6(!3. 659 J1

1 11

( L 3 71 3<»

56,0 41

387, 197017.9981<>2,150102, 116104. 37S190.031

.,7. su.i

6 41',. 93

8.3S4r^K 1

043,084

5.055

1 41L661.401 42

116,989

386,589

221,2*7

40. 053

0 42t> 02

8. 820

6*2/257

1.411.091.401.41.

75,105

309, 715

22(f. ;us

42. S2>

('). 300. (!(

9. 10<02. 1

730.9S5

2,016

400

15. 4511.8114.81

2.841

14. 08

12.9

4, 248

927

13. 90

12.07

•• 2, 399

222

34.8712.0513. 70

2.187

14. 37

16,9

2, 772

488

14.60

12.94

2, 605

387

14.8411.6414.00

2, 529

14.45

10. 4

3, 657

789

14. 10

12.89

2, 995

579

15.2111.8313.50

2, 687

14.98

18.2

3.741

1,002

14.30

12. 20

2, 535 :

391 ;

15.30 I12.62 !13.50 !

3,310 ;

13.96 j

17.7 :'

2,780 I

405 :

14.53 ;

12.35 i

1,845 :

223 !

14.85 112.2413. 50

1. 225

14.01

10.5 !

2,379 i

202 .

15.39

13. 12 ;

l . t » 1 3

101

14 S412. r.7 ,! 1. 25

11 78 '

It. ()

1.939

17s

15 Si,

13 59

1.541 :

85

15.14 !13,4914.63 !

2,815 ;

15.35 |

10.2

L071 I

191 |

15.91

14.26 1

1.811 ;

138

15.54 i14.49 j15.00 |

3,027 •

15.59 ;

15, 5 :

1.738 1

221 '

16.24 :

14.91 !

1.601

142 i

15.71 i14.58 :13.88 ;

2.844 i

15. 13

14,3

1.603 i

139 ]

15,98 •

14.42

1.597 i

99

15.4414.6014. 40 j

3.321 !

14,44

13.4 |

2.074

194 '

15.82 :

14.07 1

1, 433

81

15.5614, 3814. 63

3, 675

13.85

12.8

1, 784

151

15. 22

(a)

1,610

64

.15.3212.4814. 03

3, 407

13. 56

12.2

2,446

129

14. 49

( 0 )

2,178

1 CO

15. 3612.1715.20

3,016

13.97

12.6

3,391?

432

14.06

13.47

1,1.

326329607 -.94 !

1,1.

400 :449519 i

80 !

1,413 1.104 1.557 L101 1,213 1.374 1,320 1,397 : 1,3861,532 1.553 1,887 l.fW2 1,380 1,190; 1.384 1,544! 1,603

521 579 > 829 913 <)50 1)09 : 864 880 | 92472 ; 73 ' 80 81 84 79 80 94 ! 100

1,4421, 690998116

614, 900

.210613, 62083, 288

70, 79072,8217,602

640,169 |642,827 I

634,822 i 675,290 I 535,969 1 557,014 j 546,821 | 499,481 I 534,497 | 475,877 482,234 ' 433,087 493,360

' 985' 113

7,347

.210 ! .210 ! .210 | .216 j .220641,531 686,028 548,612 ! 547,100 ! 522,96095,146 116,892 130,454 I 127,034 j 107,185

83,407 I86,982 i11,260 |

687, 628720,437

84.00490, 73317, 896

72,380 ! 76,839 j82,547 | 87,881 i26,462 | 34,819 I

58, 87771, 22524,885

i 653, 932 | 795,162 | 923, 282 ! 797.985| 755,565 I 922,019 ; 1,251,573 i 1,037,942

.303 I .325

.298 | .310496,360 I 557,953336,634 ! 270.287

.325

.311590, 541257,445

.293

.284721, 781291, 841

. 293

. 284952,397490,47(5

.293

.284793, 048588, 419

82.097 j 87,170 j 60,631 ; 108,432 153,448 j 125,961

.129 ! .129 ! .136 ! .139 ' .139 ! .139

.139 ! .139 I .142 ! .146 ! .146 .146106,660 I 118,236 i 119.978 ; 145,578 i 218,107 ! 178,54985,274 ! 62,143 I 57,547 ! 57,434 i 91,333 I 111,807

.220489, 664102,246

52,42463,41219,748

660.876 i826,672 i

293.284

638,132627,399

.220 !534,147 I97. 736 j

56,571 !64,804 I12,571 I

783.126 !891,478 I

.293

.284703, 700591, 597

.220466,85892, 981

59. 27964,10111,649

784, 700853, 259

. 293

.284670, 622524, 049

.220 j459,331

90,060 |

.212421,212

81,744

.200 I .200485,412 j 552,554

88,040 j '101,254

65,380 ! 61,43969,941 I 65,92910,284 ; 7,808

849,521 ! 891,2671,015,157 il,115,854

. 293,284

771,300519,798

.293

.270853, 729513, 784

74, 70778,136

9, 660

874,1751,125,954

. 258

. 256851,814544, 297

100,203 ! 84,976 72,4.11 105,244 ! 58,421 i 103,087

.139.146

200,072240, 950

. 139.146

137,304122, 240

.139

.146136, 444128, 264

. 1 3 9

.146132,836149,141

177,*166,

139146699129

191,'220.

139146028831

83, 48089, 478

• 13, 777

. 258

.256

•497,164

.139.146

165,420••260,009

* Revised. « No quotation. i Oct. 1 estimate. s Dec, 1 estimate.§ Prices beginning June 1943 are quoted for sacks of 100 pounds and have been converted to price per barrel of 196 pounds to have figures comparable with earlier data.J The total beginning June 1942 includes comparatively small amounts of wheat owned by the Commodity Credit Corporation stored off farms in its own steel and wooden bins,

not included in the break-down of stocks. June figures include only old wheat; new wheat not reported in stock figures until crop year begins in July.f Revised series. For revisions in the indicated grain series see note marked "f" on p. S-26. The hog-corn ratio has been revised beginning 1913. Revisions beginning February

1942 are in the March and April 1943 issues; earlier revisions are available on request. The series for feeder shipments of cattle and calves and sheep and lambs have been revisedbeginning January 1941 to include data for Illinois; revisions are shown on pp. S-26 and S-27 of the August 1943 Survey.

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

Page 50: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

SURVEY OF CURRENT BUSINESS November 1943

Monthly stat ist ics th rough December1941, together with explanatory notesand references to the sources of thedata , may be found in t he 1942 Sup-plement to the Survey

1943

Sep-tember

1942 1943

AugustSep-

temberOcto- Novem- i

ber !Dcce

be:Janu-ary

Febru-

arvMarch | April May June. July I August

FOODSTUFFS AND TOBACCO- Continued

P O U L T R Y AND E G G S

r )u!tr\ :Pnr, ' , v\ hfili s'lle, live fov\K rci,ied<:<^

d(.i. pel INKecripK, .") maikets thous. or lbStocky cold i.to/«iiii', end of month . do

1'MCf, whohsi lo , fn-.1i fir* is (Chir i«io);dol per do/

Production . . injhu.ii--Mocks, coid sfonm , ' \ id ol inont ti

-hell tho-i-. of i-IMSK.'-ven l h 'M- i.l lb

12 ln js»,, on!

t \ « > 1 2,-5(i,>, l f > x

TROPICAL PRODUCTSC of tee: <

Clearances from Brazil, total thous, of bags • 1, 225* To United States - .do"....i 1,018Price, wholesale, Santos, No. 4 (N. Y.) I

dol. pe r lb . . j .134Visible supply, United States, thous. of bags, j 1, 374

Sugar, raw: jCuban stocks, end of month §

thous. of Spanish tons. J 1,997United States: I

Meltings, 8 ports§ long tons. _ j 370, 674Price, wholesale, 96° centrifugal (N. Y.) i

dol. p e r l b . . | .037Stocks at refineries, end of mo§._long tons j 207, 247

Sugar, refined, granulated:Price, retail (N. Y.) . dol. per lb _ .065Price, wholesale (NT. Y.) do .055

MISCELLANEOUS FOOD PRODUCTS j

Candy, sales by manufacturers..thous. of dol.. 34,862Fish: |

Landings, fresh fish, principal ports ithous. of lb . . 45,091

Stocks, cold storage, end of monthV--do 97,122Gelatin, edible (7 companies):

Production do. . j 0)Shipments do i 0)Stocks do.

TOBACCO

0)(i)

Leaf:Production (crop estimate) mil. of lb . J 21,394Stocks, dealers and manufacturers, total, end j

of quarter . . . . .mil . of lb__|Domestic:

Cigar leaf do.Fire-cured and dark air-cured doFlue-cured and light air-cured doMiscellaneous domestic.--- --do.

Foreign grown: !Cigar leaf do !Cigarette tobacco.... do \

Manufactured products: IComstrmption (tax-paid withdrawals): |

Small cigarettes millions.. | 22, 573Large cigars . thousands. -1 424,896Mfd. tobacco and snuff thous. of lb . . | 25, 796

Prices, wholesale (list price, composite):Cigarettes, f. o. b., destination

dol. per 1,000.. 6.006Production, manufactured tobacco: I

Total thous. of lb . . IFine-cut chewing do . . . IPlug do . .Scrap, chewing ..do _ ._Smoking do. .Snuff do. . . .Twist . do . . . .

i) 2 2 [ 0 j . \ \ 0 J l ' i

."> 1 2 1 .] 1 1 7

0 2U-71 .H7

0 2 " U ' ) 2">O {! _ )ll

'. !'•'» M 7 42 24 ±\ i_'!> * ! « • ; 2"> J7«» 4 s , > I

. 474 ^72.'.. 7*.^ j . ' 7 7

j ! | <»T4 3 , 23t> | h , 2 2 7 \ 2t><> s <)•>(> s ~>7x

260136 :

,134 !795 |

519366

. 134 !539 |

. 1 U.'.si

2,185 J 2,090 ! 2,02^ 1,73b 1,521

. lit217

i,32i

615515

134530

144137

. 134646

1,114 |860 l

. 334627

1.4701,070

. 134 I818 :

1, 193985

. 1341,550

l,2oi 2.151

250,333 I 224, 370 I 197. 55 4 217, 2<)0 217.109 21s. 233 -j.Vl, 731 308,657

3,070 ! 3,294 j 3,069 j 2,660 j 2,310

298,342 ! 274,003 j 356,650 ! 388,262 | 369, 566

.03780, 499

. 066

.055

. 03770, 491

. 068

.055

037!, 171

.Otis

.0)3

.0J7 . 037 .('37 . 037123, *.O4 222.211 226,557 222,4»'>7 201.332

.037 .037 i . 037

. 06s

. 055OMS

. 055. 065. 055

. 037 . 037182,290 i 221,488 242,334 1 278,974 • 261,352

.068

. 055.066 |.055 •

. 065 . 065,055

23,962 | 29,234 I 35,665 j 32,099 ! 32,741 , 28,212 i 29,676 ; 33,831 j 32,139 ; 26,997 | 24,837 I 23,098 \ 27,025

49, 605100,088

1,7152, 1302,783

1

40, 322109, 428

1.7121, 9072, 588

3,260

381249

2, 5193

20498,25,

941872329

2151927,

798976329

2363330

075350956

5.760

26, 475437

4,7494,72413,2592,799

506

5. 760

27, 535437

5,1284, 260

14, 0353,169

507

39,010 !

115,128 I

2,128 |2,050 j2,666

28,526 ;

114,198 I

2^339 !2,544 I

13,431105, 343

2, 0142, 0542, 504

15.733 i74,949 I

j1,913 !1,927 I2,490 j

17,53252, 902

2,0782,1472,421

3,434 L

337 i242 !..

2,752 !

2277

5.760

29,845426

5,0364, 62415, 9803,252

526

20, 447474,34825,882

6.006 |

28,209 !425 !

4,6864,03315,2473,297

522 '

19,716 20,370685,002 ; 436,74424,081 25,297

25,906 1 30,434 I 34.133 1 56,09229,782! 21,371 I 34,755! 59,162

1,961 i1,863 I2,519 I

2, 046 I2,214 I2,352 !

2,1502,0712,431

0)(!)(1)

46,548 i 48,078' 75, 438 | '92,911

0)0)(

0)0)0)

3,329

389 I.294 '>

2,553 l

3 ;.

2,943

368 I269

2268 I

17.678 ' 20,612410,599 i 427,83622,691 ! 26,856

19,943 I IS, 476451,899 ! 441.37225,135 •• 23,906

2,2203

58

20, 894 22, 878449,641 j 427,23123,246 I 23,966

6.006 s 6.006 6.006 ; 6.006 ; 6.006 6.006 I 6.006

25, 636429

4,0613, 79513,0163, 783

522

26,273413

4,6843,67613,3173,681

503

24, 857356

4,6083, 90711,6633,824

500

29, 266399

5,3684,15014,4474,344

559

26,856348

4,878 ;4,15113,1453,752

583

25,147319

4,7043,92712,4343,212 !

551

25,467422

4,5894,40512,1533,371

527

6.006

25,979345

5,0594,27912,3863,403

506

23, 682425, 36325,821

6.006

LEATHER AND PRODUCTS

HIDES AND SKINSLivestock slaughter (Federally inspected): i

Calves thous. of animals.. 532Cattle . . . . . . . do I 1,146Hogs do 4,174Sheep and lambs do 2,454

Prices, wholesale (Chicago):ITides, packers', heavy, native steers i

dol. per lb.-1 .155Calfskins, packers', 8 to 15 1b do . . . . j .218

LEATHERProduction:

Calf and kip thous. of skins.. 875Cattle hide thous. of hides..- 1,876Goat and kid thous. of skins - 3,160Sheep and lamb do i 4, 662

4601,1033,2231,840

. 155 I

.218 !

1,093 I2,402 I2,433 i4,287 i

5i31,1593,8432, 223

. 155

.218

1,0292, 4012,7354,150

5781,2804,2182, 344

5011,0185,0232,126

476982

6, 7782,175

340928

5,4311,724

.'218

1,0732, 6472, 9334, 462

.155 :

.218 j

1,0092, 4602, 6604, 860

.218

1,0452, 6473, 1694, 543

. 155

.21.8

9692.4513,0174,844

331854

4,3351,499

.155

. 218

9732,4362.9845,023 I

410923

4,6611,495

.155

.218

4,1,

!

365796463458

155218

1,235

082416597027

2.3,4,

986401383918

328774

5, 3571,622

.155

.218

9232,244

4, 991

327708

5, 650i, 594

.155

.218

5,1,

335845427988

155218

1,0102,1873,2124,959

434988

4,4642, 269

.155

.218

924 r 9021, 941 r 1. 9732.935 I 2,9714,643 ! r 5,619

r Revised. l Temporarily discontinued. 2 Oct. 1 estimate. 3 Dec. 1 estimate. ^Prior to January 1943, data are as of the 15th of the month.tData compiled by the Department of Labor from a trade journal have been substituted, beginning in the May 1943 Survey, for the Department of Agriculture's series formerly

shown, which has been discontinued; except for the difference in source, the series is the same as that published in the 1942 Supplement.§Data through June 1942 are available in the 1942 Supplement and on p, S-26 of the October 1942 Survey, except for revisions as follows (units as above): Cuban stocks, 1941—•

December, 156; 1942—January, 46; February, 1,162; March, 1,943; April, 2,604; May, 2,736; June, 2,563; July, 2,314. Meltings, 8 ports, 1941—December, 331,357; 1942—January, 300,444;March, 271,526; July, 248,487. Stocks at refineries, 1941—December, 336,541; 1942—July, 125,721.

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Page 51: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

November 1943 SURVEY OF CURRENT BUSINESS S-29

Monthly stat ist ics th rough December1941, together with explanatory notesand references to the sources of theda ta , may he found in the 1942 Sup-plement to the Survey

1942 1943

August Ocfo- ! N~o\ eTh-' Decem-ber ; her : her

Janu-ary

Febru-arv March ! April | M a y j J u n e j J u l y August

LK \TI I MR \ \ ! ) PRODLCTS-Continued

LEATHER-Cont inued

Price:?, wholesale:Solo, oak, bends (BostonH . ,lol. poi 11'Chioine, call, B giade, black, composite

dol. per sq. ftStu<ko ol cattle hides ami leather, >md of

mouth:Total . thous. of cquiv. hid( ^

Leather, m pioeos and flushed doHides, r,uv . . do

I .E \TI IER M \ \ l »< V(/l l IJES

Boots, si < es, and tslippei^:Prices wholesale, factory

Men's Mack calf blucher. dol p«'t panMen't- black calf o\ioi<], coidi-d tip do\\ omen's plain, black, kid blucheit do __

i'loduction, boots, ih.rt'N, and •slippci^-'1'ot.tl thous. of paiis

A Jii lot ic do -\I1 labiic (^atm, cam ns, etc ) _. doTart fabric and pait leath( r. doHigh and low cut, leatliei. tot il do

(ifAernnH nt shoes doCi\ ilian slioc.s.

Bo> s" and vouths' . uoInfant,' ' doMissos' and (L'idnM!'- doMcii\s . . doV\ .mien -> . do

Snppeis and moccaMi^ for houseviearthous. of pairs,

A11 oihe. loolwi'ai _ . . do .

0.440

. 529

9, 8136, 5003, 313

6.754.603. 50

0. 440

.529

12,5198, 6393, 880

6. i~) \4.60 i3.50 !

:-.8,812 !424 i175 !613 I

,-.3,0543,879 ;

1,401 i2,1303,2247,410

15,003

4,083462

0.440 : 0.440

12,590 i 12,5978,623 ! 8,6803,967 I 3,917

0.440 0.440 i 0.440

12,429 !8,652 !3,777 !

6.75 I4.60 |3.50 !

i

6. 75 I 6.75 j

4.60 I 4.60 !3. 50 I 3.50 !

12, 2258, 5913, 634

6.754.603.50

. 529

11,9648,4203, 544

6.754.603. 50

37,119 ,460 i227 i727 i

31,092 j3,333 !

1,379 I2.079 i3.080 '7,561

13,660

4,219 ;

395 I

39,986 !475 i368 |

1,007 !33,041 !

3,900 !j

1,549 '2,048 !3.259 \8S31O I

13,916 ij

4,447647 j

35,217415305<K)l

28, 9713, 421

2,0032, 7 \A7,119

12,521

3. 9S9064

3S,r»01 37,504l.Vi 341

899801

31,9923,913

1,003"*2,.i;«i3,831

1, 3232, 1013, 23u

3 682O'J5

J,(i302, oyr>2, 7737, 086

14,496

2, 749722

11,8278,1743, 653

6.75 ,4.603.50

37,797 '327

1,188 I700 "

31,777 i4,002 ;

1,4812,0192,797

0. 440

. 529

11,5907, 9863, 604

6.75 I4.60 \3.50 |

41,945367 !

1,380 I738 I

34,811 i4,090

1,4862,2832,966

14,244 16,211

3,053751

3, 5781,071

0. 440

.529

11,197 '7,717 •3,480

6.75 !4.60 |3.50 ;

40,657 !322 !

1,624 I8 7 1 •

33.503 !4,278 !

1.5782,1293,0617,819

14,638

3,795542

0.440 | 0.440

. 529 .529

11.087 ! 10,7147,522 ! 7,2553,565 ! 3,459

0.440 0.440

6.75 !4.60 i3.50 |

36,313 !248 i

1,661 !611 :

29,394 I3,995 I

1,468 !2,019 i2,525 !6,89912,487 !

3,993405

6.754.60 i3.50 :

39,614 '157

2,807655

31,3724,138

1, 6842,1322,7107,15513,553

4,069554

0)

1.0, 2656, 9433, 322

6.75 !4.60 !3.50 [

'37,445 ;127 I

-3,122 I568 !

p 29, 304 Ir 3 , 207 |

1,792' 2,102 ;2,648 ;

r 6,816 !r 12, 738 j

'3,807516

LUMBER AND MANUFACTURES

LUMBER—ALL TYPES

National Lumber Manufacturers Assn.: fProduction, total mil. bd. ft.

do.. . . . d o . . .

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

do . . .Stocks, gross, end of month, total do....

Hani woods . . . do . . .Soft w oods . _. do . . .

Hardwoods ..Softwoods

Shipments, total.Hardwoods . ..

oftwoods

F LOOMING

Maple, beech, and birch:Orders, new M bd. ft.Orders, unfilled, end of month do . . .Production_ _ ___ . _ _ _. doShipments ___ do. .Stocks, end of month do. - .

Oak:Orders, new do . . .Orders, unfilled, end of month.. __.._ do . . .Production . do. _ _Shipments . do... _Stocks, end of month do....

2,561435

2,1262, 556

4392, 1173, 7931, 1642,629

4,0007, 5752, 7253,9;2, 900

14, 49624,51014, 03413, 5868, 823

SOFTWOODS |Douglas fir: I

Prices, wholesale: jDimension, No. 1, common, 2 x 4—16 j

dol. per M bd. ft \ 32,340Flooring, B and better, F. G., 1 x 4, R. L. j

dol. per M bd. ft...! 44.100Southern pine: I

Orders, newt mil. bd. ft.-j 658Orders, unfilled, end of month. . . do _ j 707Prices, wholesale: \

Boards, No. 2 common, 1 x 8 jdol. per M bd. ft i 37. 000

Flooring, B and better, F. G., 1 x 4.do._._! 55.000Productiont mil. bd. ft..j 627Shipmentst__..___. -do j 662Stocks, end of month do j 515

Western pine: •Orders, new . . .do j 443Orders, unfilled, end of month__ do. . j 491Price, wholesale, Ponderosa, boards, No. 3 I

common, 1 x 8 dol. per M bd. ft | 34. 50Production! . . . .mi l . bd. ft... j 578Shipmentsf- do j 513Stocks, end of monthf do ! 1,173

West coast woods: jOrders, newf - do.... ! 754Orders, unfilled, end of month.. do ; 1,127Productiont do . . . .; 704Shipments! . . do , 707Stocks, end of month do._ ' 511

2,980 :471 !

2,5093, 100 |

510 I2,590 i5,164 I1,734 !3, 430 i

6, 9508,1006, 8507, 500

11, 500

22,720 I27,771 !19, 288 j18,906 I76,422 !

2,896 !451 j

2,445 |3, 024

523 !2,501 !5, 062 !1,662 !3,400 !

5,9007,200 !8,000 !fi,950 '

12,500 :

22,609 I22,631 i18,633 !21,214 ?

73,841 ,

2,847 !442 |

2,405 !2,988 I

541 i2,447 |4,914 {1,5633,351 I

I

6,000 |5,700 I6,500 j7,50011,500 ;

23.249 j19, 101 I20,174 !26,779 !65,236 i

2,410410

2. 0002. 575

4902,0854, 7771, 4853,292

5, 8505,5006 2506, 300

11,275

18.62619,47618, 40018, 25163, 563

2,105381

1, 7242, 386

434189524, 4291, 4322, 997

6, 6006,1505, 0505,750

10, 650

17,64120.05318, 00717, 06464, 506

1.9193.>7

1.5322, 225

!C,u1, 7654. 151 '1,360 !

2,791 i

6,9006,5505, 5006,3009,800

15, 79720, 82415, 94815, 02665, 428

1,972 i382 I

1,590 i2.207 i

425 I1.782 i3,934 I1,317 i2,617 I

5, 8507,4004,5005,0509, 450

29,61227, 62615, 53519,81051,153

32.340 ;

44. 100 |j

772 •793 j

32.340

44.100 I

791794

32.340

44.100

808818

32.340 j 32.340

44.100 ! 44.100

612 ! 637736 ! 726

32.340 j 32.340 i 32.340

44. 100 i 44.100 44.100

721771

653747

32. 340 32. 340

14.100 j 44.100

32.340

44.100

746771 |

720 I748 i

30.000 ; 30.000 30.00055.000 i 55.000 \ 55.000

779 | 757 ' 758819 I 790 i 784791 i 758 ! 732

564578

586562

640578

31.53 i 31.53 32.01 j666 j 637 i 650 !612 ! 602 ! 615 !

1,391 j 1,426 I 1,443

7111,095

757768578

842 I1,145 !820 '858 i

847 '1,150 !

812 !830 |578 '

30.000 i55.000

687 j694 i725 |

474!566 j

31.38 !432 !486 |

1,389

6841,106669673596

i

30.000 !55.000 I

662 i647 !740

439539

31.83343466

1,192

5801,057524624497

30.000 i 32.000 j 32.000 32.00055.000 \ 55.000 j 55.000 55.000

635 i 657 I 706 I 715!676 !

699 I

370 !512 i

|31.54 !

244374

1,062

5321,063470525474

|

679

397542

31.36246366941

5291,045

506537463

722 I663 i

460 !565 |

733645

504587

31. 47 31. 59351 424438 1 482853 | 795

694 |727 i

33. 00055.000

655715585

659 11,006 i

695 I699 i463 '•

7701,048713724504

491564

32.08585514 |866 !

781 i1,105

731721500 i

642709

33. 00055. 000

629670544

556577

33.36645544967

7531,111705716505

r 9,985r 6, 689r 3, 296

6. 754.603.50

39,453191

3, 081666

30, 4343,511

1,7822,1352, 8577, 06813,082

4, 487593

2,380 ,420 i

1, 960 i2,550 ;

4632,087 •:3,7761,2842, 492

2, 452 '390 I

2, 062 12,641 i

458 |2,183 [3,639 |1,216 !2,423 •

2,578 i390 |

2,188 !2,620 i

425 !2,195 !3,590 |1, 181 i2,409 i

2,602 !402 !

2,200 12,583 •

416 i2,167 i3,625 !1, 168 !2,457 -

2,581 i410 |

2.1712,552 '

404 i2, 1483,672 i1, 174 |2,498 !

2, 650425

2, 2252,616422

2,1943, 7831, 1722,611

5,850 !7,000 !4.675 !5,900 i8,350 !

32,295 i33.63717,806 |26,284 |42.675 i

6,575 i8,000 |4,150 |5,575 !6,750 j

31,584 137 373 !17*, 104 !27,848 i32,931 |

4,7,3,5,5,

2434

850500700150500

572708

15,99425, 43723 065

4,73!4,4,

19,31,1522,16,

400 I500 i600 |500 !500

135 |699 !758 i144 |679 !

3,7,3,3,4,

16,

300 [450 |550 |600 j650

153!25,900 !151911,

711 |770 i352 !

3,8507, 5503. 1003, 5504,150

16, 35423, 60015, 10818, 0858, 375

32.340 j 32.340

44.100 ! 44.100

643713

33.00055. 000

650639555

603591

663711

37. 00055.000

660665550

540561

34.52 I 34.59635 I 616589 I 569

I ,013 I 1,108

7001 103

600 I687 I504 i

7521,117

716728503

' Revised l N o quota t ion .tRevised series. T h e price series for sole oak leather is shown on a revised basis beginning with the October 1942 Survey; revisions beginning J u l y 1933 are avai lsble on r eques t .

T h e shoe price series for plain, black, kid blucher has been subs t i tu ted beginning in the J u n e 1943 issue for the colored, elk blueher series formerly shown; da ta beginning 1940 are shown

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Page 52: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

3-30 SUKVEY OF CURKENT BUSINESS November 1943

! m i l b l \ s l u i i ^ l i e s t h r o u g h Dece*_.her ,<1911, toluol her w i l h exp lanatory . solesand n'fj'rt-nres to I he sources of I he<latii. m a y he f o u n d in t h e 1912 S u p - Spleme">l Jo I he S u n n Tel

SOFTWOODS—Continued

Aumi-t

!912 19*3

< V ( o \ " c ' M i l - 1 ) i ' • m - J j n i i - I " i " U i -1 Y/J11" Mau'h ! Apnl ! May June Jub

l.l'UHKR \ \ i ) M XNL'l ACT!KIvS--Coiniinir<]

K e d > v o o d , < ' a l i f o i i n _( J K l i ' t - , I M W . M ' i l t i . I )( i n n i N - I ' d , 1 U d . c n d i i " i n t i n 1 2 1 s "P i o « i u < H o i i . 7 o i i

M u p m e i i t s _ .' , •" s ' , sS t u k s , < i . d < 1 t \ o n ' ! ' i< M ' 7 s

ii n \ rn ni..All d i s f i i c t s .

P l a n t oper i f i on - pi t eenr <n n-.-inial .< J r a n d Kapid- i d i i i< i .

C a n c e l e d p c . " i M t ,,i ; t n \ ( . ; ( ic : -N e w . n o . " | <ld\ p r ' , ( l i ; e t i . . i iI n f i l l cd , e n d oi ui . .n i_i d o

P l a n t opt t a t i o n s p e i c r i . t uf n o u n a - .- s h i p m e n t s n o . of d , \ -•>,[•'(>.\\u i iou

i 5 SuSMl ".12

' ! ;. .)

1 2 . ' ^ 1 » . P

70 20

7' 0 72 021 21

MKTVLS AM) M \ M F\CTl Kl S

7, ' ) ' hI-, s>(")~. >*}>1, (' 5'Js ' 1 "2

9 *37,1 \

11."

hOS(I1!!120] tos"7

1-7,90,

lull

107949151Si'*2'K>

7 \ sIH, 1•K 11 ' h

Ml S

i"> i

S'I>2 1, s \

>M, i i "1

>7 2 '7} * , V" {

^ • ' • . 1 1s t , i s r

is1"

7 A">\52S212

• 5 1 '

5. 023 •

10074.0 :

19 i

4.020

10s65. 0

17

0.021 i

108 j0 0 . 0 !

21 j

s. 01 7 ••

104 :

05.0 !20

9 . i1"9(

55. C21

IRON AND STEEL

Iron and Steel Scrap

Ihou.s. of -hConsumption, t(>ial *I Home sciap * .

Purchased scrap*Stocks, consumers', end oi 2

Home scrap*Purchased scrap* .

Iron Ore

u A e S u p t 1 1 0 1 d i s < i u tC o n s u m p t i o n b \^ ( U f ) m e n t s f i o i « i n p x x 1 l i k eStocks, end of nonth, total

\ i furnace sOn Lake l.ne do 'ks

. to

.1.,

5 i^ Iroti au<l Ir \ l a

thou8?. loru tc p t i ' ^ d<»

dodido

n f i i r t i i r « * « )

Castings, malle,ib!ix:Orders, new, net . -hort IOIL-Production . doShipments . do

Pis iron;ronsumption* . . . . fhous 01 sliort tonsPrices, v hole^a'.e:

H:\sic '.valk-.v furnace;, ilol. p^rloii^ ionComposite . _ _ _ _ _ do _.Foundry, Xo. 2, Neville Island*.._ do

Production* fhous. oi short ton*.Stocky (consumers' and suppliers'), did of

month* . . . . thous. of short tonstoilers, ratline, ualvani/ed:

Orders, ncv, net _ number <>/ boi!. r-*Orders, un(d!"d, t>nd of moiith .. do

pStock>. end of month. dc- .Slet-1, Cru<le a n d St*ttiiniamifa< iturcd

' ^ l i i i ' . s , steel, i-ommrrcial.Ordf /s . new , tof'il, ne t . . .-.Ijorf fojj^

Railway .-pccialf ies _ doProduct ion, ro'al . d •

Kailw ay ^pcci'Uti(-s . . . . do>\>'i 1 incot •; and ?iov\ for cast i

i o n .»f short

dol P }h

?trucf u <iw\ •

f

Pei\'enl of rnp'ietf> §. .iie*^,, w hole ale:Compo^'fi", finished sii'ol.Steel bilk-is. rerolli:i2 (Pitt>

dol. p, r U,:VJ tonu r J i ) dol. P-T lb

. dol. per }',',\-J ton] , liipmer.' ~ of rm.-!:i «i

snvl prodi jen. . . thous. of elicit tf-n.s.

Sli'el, MaiiiifaofiireJ ProductsJ f :m« i l s a n d d i u m s , M<M ] . he t ivv fyy.i-s.^

O r d t r-:. i iTifdl"il , e n d vA niont"h ' I I U . H S J ' . I NProdi ic t i{»n __ (]-,

S J u ; . ; i i o n « s d oS l o c k s , e n d o f i h o i M h . d ^

H o l l e r s - i e e l , n e v ; o r d e r s :A i ( - a _ . i h o u s . o ! s o f ;Q u a n t i t \ . . n u i u l ^ - r

1 l i e v i s e

2-1. 17•Jl o n

."1 220

91, 2CI3 2, <'"•!

100

. OJ1'.)

, 02101 s 7")

14.2.C2. 1«»'J , Y.Y.i

l ,7so1, -VA71. \ l.i

•4,1)302,796 i2,1340,078 ;1,5444,534

11.

42

s is122".is

11 .

r

4170t>7S S 'y

oi!•»

os270}" "2

I.V'J")

2.' 502 I 2 ' '21 . (K)

1, 272

4-;. 02.'X'.i. 321

2 t 2021.01)4. ii-57

1.2-1

70, !)()7Os. 251h5. 457

21 2021 00

2 > 5 02 1 2 02 4 . W5 . 0 9 1

1 0 1 3 01 5 . 7 3 7

3 7 , 3 . ^

5 . 0 3 72,7792, 2580, 2741,6004.674

17 124

f»0. 1770 3 , 7 0 3

J 3 5 02 \. 2.S

'.VI. 7003(>. 171

— I.-?, |sf!]:'.'». l^J

IJ. 9-sS

1.", 22J

17". i;>!3. ".If.

1 V> 771JJ.O. ' l

37. I l l-., J02

152. oso1 I 97(*

?.\ 000210

1 1 , 1 3 . ' ,

. o 2 ) o1 s . To

1 5 . 4 1»i

1 :3. ^-.oin 7s,"

i. 5301. 53S

1. V2

1 C'inrel-t t i i ' i i=i •'*(••

1, Vi 1

2.7721 , ' J S f i

1 9

1 . 9 ! 5

5,0312,8502.1756. 2331.0534, 580

39 7 123 1 M 5

r> 927

73,52403, 57259. '57

5, 0"7

2 3 . 5 0L ' J 2 32 4 o , ).".. 1 9 1

!. 1 5 s

2'3. 13'12 1. 020

l i . HP

4, 0802,6002 0806, 2091.6994, 510

7,1040

32,74327, 6425,101

0 0 . 1 0 1H 7 , s O / i

i. •'••)!

23 5021 2321.0(1

0 f » , 7 o 41 7 , 9 1 9i s . f s 2 0

I 'M,2171 7. ''.5s

12, SA2

'-. SI,")

1 ' » _ ' i ( >

1 s . 7 5

1 . 1 3 9

5, 3613.0072. 3546,1791,6884, 491

5,1992,9382,2616. 2531,6824, 571

7,723 I 7,1861, 955

25.088 I 18.49721,150 I 15.6823,938

8 5 , 7 4 4 •7 8 , 1 4 3 !7 6 , 5 2 6 .

5 , 2 1 9

2 3 . 5 02 4 . 2 32 1 . 0 05 , 3 1 4 '

1 . 5 1 2

0 \ 0 5 I •7 5 . 7 6 36 0 1 7 7

2 0 2 . 7 3 13 1 0 6 1

2, 815

74,244 ,72, 55970,744

4,954

2 1 . 2 32 1 O d5 , 0 3 5

70. I1 «st'1.3185 s . 8 1 15 7 . o l * .

8 , S 3 2

20. 4'.1

5, 2892,9902. 2996, 2791,6704,609

7,37410,97521,29718,5209 777

77, 7080<), 95M09, 146

\ 052

23. 5021. 2024 00 •5, 178 ,

1, 4S7

61.271 '92. !37 170.815 'tVi. 15513.222 '

192. 5"] 11!».95!

5. 0322,8552,1776, 3651,7154, 650

0. 94011.86426,09823,2732,825

• » 9 . 1 1 17 0 , 5 3 4

4 , 7 4 s

2 3 5 ( )2 1 . 1 72 4 . 0 04 , * : } • >

1 , 5 3 9 j

S O . 8 2 !9 9 . 6 7 98 3 . 5 9 f i8 2 . 2 7 9

1 4 , 5 3 ( »

J 7 1 . 7iS. T

"». 1192,9192.200 ,6[ 3511, 7274,62t '

1 3 , 5 S 93 2 , 3 S 92 s , O f i O

3 , 7 3 9

91 ,053or, on0 7 , 9 5 I

5 . 0 1 0

2 3 5 02 i 1 72 1 0 05 . 0 2 3

1 . 5 0 . "

• , ' 9 , 9 1 0t > 5 . 0 1 9

1 1 ) 1 1 1 1

W . 2 s1 5 , i ) { 7

1 7 * 5 , 4 7 0 1 6 1 4 0 3 VYA, S 1 2 l ' " > 3 , 9 3 1 1 " i \ 7 ^ i17

7, 670100

. 02' 5

31.00.1121018.75

J. 772

4.201

1 7 , 4 0 7

7, 3 7 19 9

.020j

3i "0 ,.0210 'Js 71

1.031

21.421

7. 515

31 -I? 1.021(1i s 7">

22 U N

7, 02 7

. 0265

34 0»i.o21' t1 s. 75

!, 553

J1'. 71-1

. 02ft"

31 00

!, 1201. 419

2, 2Ms 1 9

1. _'70

2. 4(»1

J.5M5

45

1, 99000

1 259l.iii;;

4. 793

2, 10S

5, t»'.)9

1.1 233 2, 27 1

1, 3oO5.0191, 119

5, 2W

2 . L M 26 , 2 s 2

13.(»773 s . 5 7 23 3 , s i 6

1 . 7 5 H

nw. ,"05' 07 ,610

OS, 4S.j

2-5 5021 17

5.310

1y 527

T 97.047' 93,0."^'.

i l (.'», 121 o

1 ^ -75

l , 7 o l

. ,

neA ord< rs by ihr aniouru --how u ;-br->ve as ,1 negative iiotn.§Hei_iuninir J u l y 1943, percent of capa< ity ;s calculated on ai.nu-d 1 xp'.caty a> of J u l \ 1, 1913*, (.1 9(1,S77. Ho tons of open-hearth, I-Kssemcr, and electric steel inuots and hte- 1 fur co^t-

n^s; tvirher 3943 dafa are based on capaci ty as of Jan . 1, 1913 (0u/->\vbi! tons, and 1912 data on f ip ' ic i ty as of hd> 1, 1912 fVj. 104,520 tons).increast>d in 11 * 1.3; rnauufactun rs ri-portinc ?n 1913 ucounu* i lor ippro\ir ' int< \\ 9s- 1

*Xe\v s( ru'S. For a d< seription 01 the scrii-s on scrap iron and s re"l and pi'j-iron consumption ami1942 S u r \ e y : Kit* r data are available on j> S 30 of ihc April 1\'-V2 and viiln-.iijenr issues. '1'lu- new viii-sis from the Aiiier.< an Iron ond Sieel Ins t i iu te and is approximately con:| aral/ie w if h data from thi Iron , .., , . . , . . . . . . _ _ _ . . „ _ . , .... _ ...stead of lone tons a> nuiicared) , but include charcoal furnaf .s ; U rro-nllo.\s produced in electric furnace> arr not included; for 1911 mon th ly average from American Iron and SteelIns t i tu te i n d data besinninc: Januai> 1942, see p . S-30 oi the M a y 1943 - u r \ e y . The new [>iji iron pii-'i\ i. o. b . N'ewlle Inland, roj)Iacc3 iho P i t t sburgh price, delivered, shown inthe Survey prior to {he April 1943 issue; 1941 averacro, >'24; earlier data will be shown later.

? of th" total value of these products reported in the 103° census,l k s mid 1939 10 data, sec noic marked • '*" on p. S-29 of the X-nvinbor

blast lurnace pnyduclion of ]>:u in^n, including blast furnace ferro-all.»\s,in the 1012 Supplement (data in the Supplement are in short tons 'in-

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urn KY OK (TRRPAT IH\SIN1<:SS S-31

Monlhl> htiiliKlirs through I>t*«-t*mht»rI'Ml, louelhor MI Hi explanatory note*,ami references to the sources of theilalii. m.'o »»«' foumi in the 19V2 Sup-p l rmrui to llie Snr>ey

\M\"M- Mateh " \\n-A M-.\ Juno ; July ! August

METALS \ M ) MAiNUFUTlRI S Contimie.l

V iw u :i

?s \ M ) STKKL < "i.t.'juo.l

r o t l i i r t s ('• n

... !l'd i '

i i i t , - v i I u ' - . ^

( • , " • < • I ' l l s . p i

I - , } . . iH

I'M >

U'.<n ' -

\ I O . I f >i

l i m n ,

H o ' M>l l« ' i

V . " < • i l l i l \ \ 1 U *

h i , \ \

\O\FKKKOLS MKI'V!^Mt-t. iU

\ ! u r u : m " i , s n ip, ea->nnj^ \ ' V.).1,] p.*i .b

' ' o n p e j , eJeeltolv'ic <"V V i d <Le id, H'imed, p u , (ie^iUei Ked [ \ .V. doI m. St ' .ulb ( X . V.) . doAim. pr ime, \\( i tem f^i. L O U H . a<>

M i s c e l l a n e o u s P r o d u c t s

Bt inn"- ni-H ii f t t h i t e -h^o irit'fiift wu). o »n- u m p ' i o n ind sh ipment - , totai .'59 u w i u -fa< iti'i ts th His. ol 1b

Con impt ian and i l n p m >nN. 37 infi-C«)nsume'l m own ;>i u,1 , thou» of lb^lupu ents do

->lu» i s . b i a ^ \\ hole*- di pn v, miH <H,] p , : Sr,

\ I \ « : H I \ E K Y \ M ) V I M » \ J J V I I S

Bio \ . i - m, l f .!,•.. n c \ ' o id '> ! . t i i o n - ot d o !1 1- ( t t u o .« i h i ' ad L"<UK J

O i i l i " > . r o w <3o

(»»d( i - , ; i o f 11" 1, e n 1 of m o u i h do

' U n d l \ oqUl,>I .( ' ! '.\< v < , n l « ' * , n,-i t o t a l

\ i %\ e q u i p in a t

1 in 1 • (,uipru<Mii and hc.i'.inu appai-itUo:()\\ bunu'Ts:

Ordc?>, :u'\\ . not... . n u n i bOI-I.M--!. inilillrd, i.-n«l oi n i o n t ' u . . . . . <io

dpSiork-^, tMi'l of month .

\ Iofh-ink\ i lhlnkors , sales: %

1 I "

I and 5:

p 7 .Vm\ !it"itcrs, new oidcrs lho'i<. of d"l ,.\V-i»Mi-;u' p . nnaeo . winter air-condilioniii'j

b>,-U ms. u r d cquip inen t . iw.w ord< 1tlious. of do! }.

Mai'hiiu- tool;, sh ipments* „„ •]••> . . . S",d l hi

P i h in t . o i h i - r h a i i ' l , a n d vvirnhMil i p i n n i -u n u >

I ' - i w c r pn r ! i ;>s , h o i i z o n t n ! typ ' . - . . «i,>\ \ MIC! ^x . - l i ' i i i ^ , i i i ^ ' l u d i i u ; p u ; n p > •{•>

' n m p - s - t r a n s , p o w 0 1 , o < ; u l i i l u , a ! , <m<l r '<t -n vO»di . r> . novv t h o i i h . of ilo"i_

Kij.r/* I I H : \ L KOI i m i - : \ r

i a i i ^ r y --hiiHMcnts ^:iuto:t2«iti\v i r p V u v m i 1:'l

j

IiKuhiMn-i o u H c n a l s , sn'u-s b i l h - l l')ii'..- ionM o t o t > ui I ::r;i< ta:vr->. in'W nrd--r^ d o'1 ran^!;iii--- |iMi a i id d i s i i i b u t i o i i ( ' i i i i p n u - r u .

1- u r r . a r o b , <. U-i'Tic, i n d u - i r i a ! , l- iu-s' \\<A . . . k i l ' i w . i t l -

V - i l u o - . t l i o u . - . i»l d - i !

I uuwu'Vvl l!} i-r p r o d u c t s , s h i p i r o n > s d oM' . i io r - ; ; i 2ou i i p j :

]'->!> p h a ^ o i n - l i i c l i o T i , hiJJinfJS - . <!<•1 ' o l v p l n s i * l r . ' l u c l i o i i . n o w ord«T.< - d«.( m i «•{ c u r r e n t , b i l l ' n u s . . . . d oD i ' i - r t ' - n i T o n l , M ' \ \ p r d o r s - . . U ' .

i i

11 >0' •.",(!

i t V>!>' 2, 7" J

"SO ,sT 7r , > • i

I'.J.Ohfi

J'.ti ) "

1 i *,>

' 32J 171

^ . MO 2 0 . 79(,<

. IV-1!^

, 19!

">2.

is.

t i .

] ' . ' .12«>

0 :

2 I

20,

-

!0,

J,

,x

1

2''.U) t

21.

., 0 t,

--O5 I-

1, - i l l

7.2()1i ix1',

9ll

10'

33 i

o*.t

7!7

I I !

- !

"iO127

1-V)

i.M

Is5

5. !32

5! 2

' IS

i n

i '»9357

' i' i2J^ ' t

l -s00 jI1) >h7<

1072 )22i)JM

" o i , « ) I

511^ 1

I, ••' -s172

h ^ t

Hi)i ' S i2°s209 j

5, Os'8510505

1,032173055

1001 i 1321205355

. 'Hi. 'iU

. 520*

»0, S72 " 2 ^ 5 77

. ' M 2U7S

.5200

2.0! i

502

•" 3 270

590 j; u l"»")1 t

,0s 12. 1178. 0050. 5200. 0S2)

.(is 12

. IS7s0t)5')

. 520:)0-^25

. 0« 38!117s \.otiAO !.5200 !J)*2f> \

.0725 !

.1178 !,0050 !.5200 ;,0825 i

. 0n23

. 1178

. 0(550

. 5200

. 0825

21. 13s7. <>o

t, 51

1 ' M l

17, HI

r>, 317 7, 12."

t.01 i2 017 i

19") 1

496 !2,180 '

. 1951,

827982195

1,315 I. 1M I 4,097 I 4,237

2,05s

:o MI )

: t «)"Ii r.'. 133

2 .7M 2 515

, 1>> 9 l i J 0271 i .iY* 11

G, 787

i .=)379.320.577.

SO«1

0

1198, 5052, 8SS

3'i(). 1311.055C. y

5.5^1 1, i;$22 1 0

, , , , , ,j u , 71 ' ; 22 s 2 7 2 1 . 1 0 0 23, 14*'. 2K351 22,111 2 2 , 1 7 7 ' 20,628 20,510

7. .',(>•) 5.'.».")j 7 , 3 0 1 5 , 9 2 0 *>. (i«»7 •'», J21 4 , 9 3 s . 4 . 5 1 1

5 1 2 3l .9s5: :7. i 19 30, "13 .<tj,nt'.l 11.221 3 5 , 1 2 9

i . W H 1,117 I. sii-l 2. i v{

.">ss t',^2"71 ! i s , ;,.? 12 ' ; , / . ls 97,95'^ i*7, 529 JlO, 177

L O U . - 2 73.".

125,415 118.021

15,715 35,4U«i 3 5 , 7 9 0 ' 31 ,808

l.'.'i'O 2, 12»1 2 ,330 r 2, 779

">li> fs5 480 r 51 I.51 | * 91, 109

13 M2i

l i

4.

• ' •

1,

i s

•;

s9,

9."

I'JI

•A7

s . j '

>.•

3112

N92211

1 S

s.

1.

11

10

3,

, , ,

j 0

' } <)

<"• 0

")11

Olo

079750

1 597, • J i i

7 n;s

i, .;oj

3s2 0''•••. 1 0

I ' M . O

17.20!1.2 <5. ru

t',. '!sj7.'<">!1.os2

2s,

1,

, ' •

12

it'.,1.

s

1,,

I'.t'iS

1*107,11

ol.}

1 .•.•)

I'I i )

!5. t)

r.c8! 3

1! 1tiOs

:;3. MM)•2:11

S, 772

C. 11 5

521.035l». 'i

1. i ' 7,i sVi

I;'. N>5.3! i

1 i

i

9

t>

t>

, 7-!9

. Is3

. J91

w l i

! 1 O

• t l . o

.712

, 3s8

. 141

;i . 13D2M)

H , 7 » 5

1,097

1.1<;2

42(\ 0109.0

!os 0

5.'.»!)'

7. l 'NS. 1915,900 '5,590 !

3 ! ,

1

I".

1.

12,

*!,1,

8,

t).!,I 'll

,UK)

,317

?•> 0

^7. 0

V2. 0

017

l'i i

42059787 0217

r .!\S1I>

r Ki, 5'.8

12, 5sO

1..W.

121.03i)9. 0

111.0

5 97^

7. 90Sh. 70.)*;, 0535, 972

- 1 U v i s < d . § T l o v i s i o n s i i i u n f i l l e d < r M e r ^ a r , d > u v \ n , i - » i t ^ K - r \ ? . r i l - . I u l y V U 2 ; J ( \ ' i . v M i i . i M - 1

] : < ) ] l i : c 9 9 m a n u f a c t u r e r s o n t i n - r e p o i t u i . u l i s t f o r . 1 ; n . 1 . " ' 1 2 , 21 h a v e d i ^ f i . - J i t ' . ' - J i r d , - , ! i j j J i i i i ' i ) I ^

bvi:innine .Marc-h 1943.

For eatluT 1912 da ta cxivj>t »nr A p u l , M-O ttic Oi-iul.cr I!»i2 ;md Inly i ' ! i ) Sur\<V-b' the KM firms on iho n-portiru: list in 1941, 20 ha\»: di.^C'HLinut'd !)v Tnamuacti

was diseonl inurd 8c{»!. 30, li'12. by order 0/ thu War T'roduc/ion J<>(\<rd; fliiy ULCOIU\\U-x\>i't\ s^rios lmkwort for eieetneal products hav*. boon (o'opl-.'ti-ly r^\ \-M-\\; lor

da ta hoiiinninn November 1941, see p . S-30 ol tlw Jauuai> 1943 issue; earlier da ta an-N seruvs. For 1940-4! da t a lor machiiu (ool sluj) nems , sec p. S-3«j 01 tho \

d d ( l i l d b D d B d ; h b b d

p

p r o t i u c i s !i>r \iiv t i u i a t i o n 01 i h e w a r .

b 3! i I S H

es t imated indus t ry (otnls compiled b \ Dun d- Bradst i

p p, lor April da ta stv IK \v a! boitoin <.\ p. ^ - 3 ! in 1I10 St.']Hember ":9i3 i isue.

c of .--tokcrs; some i i ianuiaeiun -toki s's or,ly (K'fa^ionally. rFli(i nmoulaeture of class I s t"kers- for iho !(•»•<:(• redo'ff iou •«'!(•?• lh<i> n;<ihf h in Jii.1 : ins for elapses 1, 2, and 3.• 11 monthly a\eraiie^seo IKJ(C marked " '"" on p.S-30of the April 1913 Survey and for month lyail:ibl<' on ri-quoM.iber i'»42 issue. The tvrk-* on nuin»»oi ol automot ive replacement batteries shipped rcpn-sentsh i d f l h d t b i 1 7 ill W b l i h d l tt substiiuted lor tht* indexes formerly shown; data beginning 1937 will W published later.

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S-32 SURVEY OF CURRENT BUSINESS November 1943

Monthly statistics through December1941, together with explanatory notesand references to the sources of thedata, may be found in the 1942 Sup-plement to the Survey

1943

Sep-tember

1942 1943

August | ternberOcto-ber

! Xovem- j Decem- j Janu-I her j her i ary

Febru-ary March j April May June

METALS AND MANUFACTURES—Continued

ELECTRICAL E Q U I P M E N T - C o n t i n u e d j

Rigid steel conduit and fittings, shipments jshort tons . I .

Vulcanized fiber: jConsumption of fiber paper _ thous. of ib . . 4, 752Shipments .... thous. of dol . . i, 374

21, 420 i 17,452 ; 14.509

4,2191,351

9, 102 i 9, 613 | 9, 403 ; 10, 002 7. 907

4, 30-11, 581

4,832 •1, 014

4,3141, 405

4, 7071, 595

5, 056 :1,650 |

PAPER AND PRINTING

4,5511,020

5,026 I1,852 1

4, 9241, 613

4. vS9 ,i, r.9

4, *731, HI

Julv j August

1. HI

7,53:

l". 19*'

short tons .! 739, 039

WOOD PI LP

Production:!Total, all grades . .

Chemical:Sulphate, total. . . . _ _ do

Unbleached doSulphite, total do

Bleached--_ doSoda .. do

Groundwood do . . . .Stocks, end of month:!

Total, all grades _. _ doChemical:

Sulphate, total . . . _.. doUnbleached d o . , . .

Sulphite, totaL. doBleached _ - do. _...

Soda, . doGroundwood_-_. do

PAPER

Total paper, incl. newsprint and paperboard:Production short tons..

Paper, excl. newsprint and paperboard:Orders, new short tonsProduction doShipments do

Fine paper:Orders, new doOrders, unfilled, end of month doProduct ion . _ doShipments doStocks, end of month do

Printing paper:Orders, new ... -. doOrders, unfilled, end of month doProduction doShipments - doStocks, end of month do

Wrapping paper:Orders, new doOrders, unfilled, end of month . . do _..Production doShipments doStocks, end of month do

Book paper:Coated paper:

Orders, new... percent of stand, capacity...Production - - doShipments do

Uneoated paper:Orders, new doPrice, wholesale, " B " grade, English fin-

ish, white, f. o. b. milL.dol. per 100 lb.._Production-..percent of stand, capacity..Shipments do-- . .

Newsprint:Canada:

Production sh ort tons .Shipments from mills doStocks, at mills, end of month do

United States:Consumption by publishers doPrice, rolls (N. Y.) dol. pershort tonProduction . short tons..Shipments from mills doStocks, end of month:

At mills do. . .A t publishers _.. do _.Tn transit to publishers.- - do

Paperboard:Orders, new -. doOrders, unfilled, end of month -doProduction - - do

Percent of capacityWaste paper, consumption and stocks:

Consumption _..short tons..Stocks at mills, end of month -..do

PRINTING

359,296,194,123,

33,129,

81,169

13, 382

58. 057.660.0

88.4

7.3088.488.8

251,827244, 59363, 390

222, 71858.00

64,32863,315

14, 547365, 26053, 036

647, 413579, 800637,516

' 382, 686»156, 000

Book publication, t o t a l . . . . . no. of editions.. 605New books . do 476New editions do 129

Sales books, new orders § thous. of books ... 18, 731

819,372 771,141 83s\ 520 703,114 73*>, 070

398,460 : 3 7 1 , 7 9 M329,413 ! 2 0 \ 9 1 t )239,660 '144, 930

33, 284

220. 093132,72133, 391

120. (H7

30J. s j l317.MSO2 1 ! (<10147. i;7^

130,761

185,828 i 17"), 21!

3 4S\:U32,'.N 3002i-\9<>2131. 2146~, 533

I K 421

332 0T92t>0, 23*2<>S, SM3127. 2'U34,794

111,909

I'M 357 119 299 143.9V!

61,57656, 98847. 83831,948

4, 38670,174

72, Mr.00, 06741,34525,909

4,39554.75 4

74, 27407, 11*

21' l.U1, 392

42,40 4

05 2 IN50, 4>030, 8 4320, 13(.

3,7174>), 81-5

5M, JO."50 2503S, 9(»321,3v2

r 529:<9,02t

755. 009

2O\ 302129, 0333t\7i'i11" 500

129, Id,".

Ah. 404

22 UVJ> 398

40 940

719, h3i 793,9% 770,921 78 \ W> 7 JO, 5

331. rw\271,201201 <)>")12i). 519

3.-5, si()13 3 4s5

,07^.350 1,007,(.24 l,20".s73 1 O'j7,H" 1 107,517 1,131/(25

121,013400,098434,629

42.MI536 5"!4" <»*.714, 2S54^ 775

142, S

r>v>is93, 80^

1S2. 8 if>Ih4 0921(»2,317

30.434. 035. 8

7.30 I79.2 ;

79. 5

452 • s ]4 " , V "i4 "2, 12]

4 ? (>12>', ( ),*

1" i . *>' ' )

n, us

I 'M 122^2 219

H\."5JMl"i ^ <Ml. 502

10",. 7».9

'.»*», m101, 2*>0111! 201

47.445.248.8

88.1 :

7.3085.386.6

o\i 2 U5 1 1 , 4 ( 0

253,239 257,618 ;255,563 i 292,405 j154,122 i 119,335 !

223.189 |50.00 !

79,885 i79,556 •.

18,149430,409

40, 270

523,648 !

212,953 :

529,21475

304, 215422, 958

\ I ( ' s 5

177. 0M17") 1(»1

510. 2' )04 )7. ('90471,924

52 lot4^, !' 14s J7147 sx5

171 (>U111 un10(>. 1571M 1 20-!

1H», 1001M ^ slHor11M 007

59.7 i51.3 !51.8

105.3

231,691 !50.00 ;

77,962 i83,560 \

12,551 !455.20352,538

555,071 I230,208535,850 i

76 ':

312, 279420,465 ;

809 i 739 :642 I 582 ;

167 ! 15717,235 ' 16,047

l i \ 215

1M '21118.712

62.750.354.0

97.5 ;

7.30 7.3090.3 ' 90.795.0 ! 92.9

IS "4519 57S45 ( ° 2

71, .i.'l

171 lf.S1 40, s 1!10', ()!")1,2 M71<2, O'.l

55.3 '52.6 :53.0

97.5 :

7.30 I8 6 . 1 ;91.4 j

271, 555295,625 !95,265 !

I254,349 !

50.00 !84,217 i85,458 ;

11,310470.852 :

58,655 j

660,890 ;272,006 i607,425 i

81 i

343,460 :424,451 ;

251,147 i255,087 !91,325 |

260,542 i50.00 i

75,065 I76,207 i

10,168 !447,396 ;60, 108 i

013,746 •321,885 i555,290 i

82 |

316, 454408,753

969821148 '

21, 602

842693 ;149 :

23, 229

ls2 i \)7

-t..0n,5^ 1 U50, 21 ;51.55^12 01M

110.M"i

244,191 !243,530 !91,986 I

252,399 \50.00 i

74,655 ;

75,222 ;

9,601 !

429,255 ;50,094 j

615,184 !

379.573 !559,730 '

331,895394,527

702594108

16, 726

31,58925 07430, 33*.16, s9sX 175

43. 04S

U.21241 ~>\

100 M l 179

109

3732V

M l5Ss0415 53

799202

17'», HO107, "iM

53.754. 455.9

7.30 i89,6 :89.9 :

233,544 ;215,016 !110,514 !

226.74150.00 !

69, 792 :09,691 I

9, 702391,10266,707 ;

629,900 i413,084 I576,376 ;

86 I

344,388374,301

671 i602 i

19, 196

It \J O ! , .

307. 110304, 3032! 5, S19p . s . 3X5 •

3(>. 54"151. \U\)

355, 3242( 2. 973212,3311315. 91035,0(10

146, H9

30S, OiJ30 i. 550217 313141,75C)31.9 47

147. 799

321,889209, IA\2HK7MS13"). 14N

32. ('SO

111, 159 97 97.722 103,3 43 101.713

10. .y.s12. 13228, 0o017,7132, 85*40, 435

11.91sU . " 7 125,95110. :-5O7

2. 55s

12.0878, 2s I

28.352lb (Mil)

2, 7S550, 78")

1I.0.V.8, 1U.5

27.9('317. 7032,54 4

57. 05s

l.'Ji <,Jo7 1,213,177 1,171.

713,575

330 127

12K7053 5.215

VV\ 751

1)1. 1>7

(). .' Is

14] 021

^2 S79

l,llS,l(l 'f

549,509,f is,

68.

4(), i

ISO. 1

592201U80

820Us2591M

M95,( f74473,151

493,375 196,902 'Wi,.">] 5

S 0",0 JSs '481, sO8 4S9, 20(*

f 0,130so, 3S(,50, (>7952, .r92iS, 437

59. 5? 1 57.87, 120 97,"2 030 Js.51,345 50.37,7u2 31.

100,74,

171,1V2193

(K.I4His,,

0(-7sis7 >2217227

132 090 12-,277 1 J 7 ,U,i 007 I")9.',i2 159K.3, hOl U)l,1(»') Ihl,

ls{ s n ]S 5, f JJ 179,174, "/)7 174, S5s i s j ,173. "24 1*0, l".o Ih2

(•20 !<*9,7il 78

17(» 717S<) U2

60.855.359.5

92.6

7.3093.690.4

221,807222,383109,938 ;

208,143 I50.00 '

64,358 I60,147 |

13,913 !381,466 i63,166 j

616, 167454,308568,637

88

350,885355, 044

62.6 i59.5 '59.7 i

7.30 !

92.5 i92.1 •'

66. 561.259. 3

89.0 I

7.30 !

90.1 !90.9 ~

61.054.2 i58.9 :

87.7 •

7.30 !88.2 i89.4 i

246,855 ! 229,573248,469 j 243,813108,324 ! 94,084

254.046 257, 845257, 756 268,99090, 374 79, 229

r37-! "21.

• 13 i 7 "5

- ^ i ssi s

i!.;i;. (j7,971

32S727154

831773Sim

104.>!"(249174K.

4, S.I177,(»

M58,1U

is,10 i

002704

121. 202

If.' 'u.j.

(.2

177

56.6 :58.6 i58.9 |

89.0 !

7.30 ].88.3 !

( J1> 0"s

40.0 :52.0 !53. 2

80.9

7.3082.284.6

\~2501

49.956. 959.4

76.5

7.3086. 984.5

237,111 i 243,281 j 248.255 !54.00 ! 54.00 | 54.00 !

71,357 i 68,001 j 68,707 !71, 824 | 70, 368 I 67,138 !

262,323 i 259.612284,216 i 260,79257, 336 i 56, 156

228,450 212,260 '•• 217,05454.00 54.00 ; 54.0070,274 i 67.883 i 68,01171,944 | 68,083 ' 65,255

13,446 ! 11,079 !377.790 ! 361,553 I53,774 | 57,680 |

723, 296 I 686, 179 i511,220 I 525,287 !670. 257 ! 650, 448 j

94 I 94 I

12. 648339, 29958, 820

10, 978347, 35062, 197

690,364 • 672.371545,673 | 580,083655,261 ! 627,761

96 | 94

10,778 13,534377.487 384,08963,767 44,009

644, 349 I 662, 252571,705 § 570.859612,223 ; 649,082

89 ! 96

393, 634 i 5 389, 304 ^393,197 i 397,129 i 1373, 698 1 395. 746341, 097 ;i 322, 678 ^291, 378 *;257, 578 1 j 245, 472 ^ 204, 724

731 !528 !203

25, 707

668 ]

538 I130 i

20,604

693565128

18, 625

848701147

21, 824

679 i531 :

148 i22,804 l

720 :567 •153

!, 269 :

51242191

20, 037

T Revised. §Besinning September 1942, 3 companies, formerly accounting for about 7 percent of the total, discontinued reporting.1 Computed by carrying forward the March figure on the basis of percentage changes in data for 59 identical companies reporting to the National Paperboard Association.fWood pulp production statistics have been revised beginning January 1940 and stocks beginning January 1942; for revisions through March 1942, see p. 30, table 8, of the June

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Page 55: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

November 1943 SURVEY OF CURRENT BUSINESS S-33

Monthly statistics through December j J^JO1941, together with explanatory notes Iand references to the sources of the j idata, may he found in the 1942 Sup- j Sep- jplemciit to the Survey I leinbi-r \

Sep- iV'n- \ o \ e m - l )ccein J IPU-tember bet bet bci ] IM

Fl\T' !

1913

March! April j May June I July ; Auuust

PJ TROLKl \! AM) COVL PKODl CTS

C()\LAnthraeito:

Prices, i'>'.up'^ite, ehe-vtniu:Refil l - - dol. per -;hort tonWhol '^a le . do

Pro Ui• • 11 <n . _.tl iou-. of -))')it ti.riiStock-. 'Mid of m o n t h :

In producers'sioraae jaid-^ .. doIn selecL-d retail dealer^' yards

number of days' sunplx

i . i d i i - i ; i d c o j H U i " p i i i i i a n d r<>r i i l d e l i \ e r i e s

1 j i . i l . i h o u , oi s ' lorr t o n s

l\i lus in i l consumption, total do!!«-,'iiu o k e ovens doiUpioduel c >ke o\ on« d >Co went mills do

Vh ciric power iniiilio-. ioR-uhvjys f d i s , J) <o

l e d and . r o l l i n g n u l l s . d >o i l i e r it, i u - t n A d o

R e t , d d e l i v e r i e s -I .< H ! I . i { > , , n - u m p t i »n, < > d i r i . i e c i e l d->

'^ n ".e- d.-. h i i l M l l l i ! >

1 . l o -icrl-f..fk-\ i n d u ^ m u ,\w\ !"• l id dealer^, end <

i n d t w i i d, ! .' il - d->!>\ pr ) iuct '-okc ov '-r-s do; ' . uie'it n n d s - dof'-, d-Jas r d >i t>. . ]<>Pd-vu-ii- p o w . r u U l i t i e ^ -i .P. »ilu i > - • d . s * P d.Mei i iTi-1 r o l l i n g n n i N d o'/\\u-i i ' l d i ' . - t m l '!•>

l;< • o i l o d ' - r - . t -A ii d o

COM-;

Pl'lCIol . p i r -h.ort t..r.

<>us ol -lu.r» f>n>

d oS i ' i o k 1 , (:i 1 »1 r i o n t " -

n > p p » i u c i p l i n t s I -I d d\ t l u i i n c " pi tin-s d\ t :'!i rch in ! p i mi"-

,' 3 )0

"i, ^n

9 "2

1 7S-5 i 2 l

17 s 5 l *'>,

S 2 i)1".'! N 7

5i

7<j7

o,",(>s 13

31 1

1> 1 ' • >

•I Mi"- 1 s i ;

"i • ' i / 5 i •> i

5 l , 7 l . ' i 1.' iT '

SM *« S7 ' i , i s 7 ' .

i , . i ,

1 s,>, \ «.

''.'. 5'i5 r;% i

s 5 >,s<) 71,

d(>

Crude petroleum:('ousumin ion (runs to stills' j hou<. ot bblPr.ee (M msas-Okla.) at wells dol. per bbl ;Pi., luetiont . _ th.nis. of bbl -li"Iin-ir> operations -pet. of capacityMo<'k.- -Mid of month:

lictiniblo in I'. S.f th'Uis. of bblAt refineries _ . .do\t lank larms and in pipe hues do . 'On leased . do

il<-n \ m California, do\ \ ells oomploledf _ . number

Refined petroleum product -Gas iiH fuol ni\<: '

( 'm iMimpi ion .r. lociric power p l an t s ihou<. ol bbj

Pi ict , luel oi ' i Ponnsy ! \ ania^ dol . j»or <jalProduct :oii

(r ^ oil a n d d i s l d l a t e u H oilihou-' ol bb l

Res idua l fuol oil . , do<io<-k-;, end ol m o n t h

iJa^ od m d d i M i l h i e fuel oil doR.-sidui l fuel oil . do - ;

Pr i iv- , .••i-'olin-A\ !u UsaI«-,ivliii«Ty ' O k l a ) dol.per<:a<Wh'ile^-tli1, i.uik wauon ( V V ) doK^- i i l , -eivie. st-itioris ")Ooit)e< do

! I'.dllolliWl. lot-lHf t'..o:!s ol bl)l-'(i ii'.dit r u n " ! ?o!inej doCi.i '-kod f a ^ l m o doN itm* il v<\ >ohn( t | . d o

12. H 12 IS 12. 49 L2 19 12 19 13 1310 3 4 4 10 .m 1 0 ." .14 1 0 3 4 5 M) . , s j l o >>>M

5.212 5, 159 5. 132 1 s-Jl i. r . / i 1, ,14

2S'< 472 •',("% 7()2 79S 5 42

•{'.» 15 '"0 - 1 33 J!

.•••.«, . i . ' . i i 1^ 3 7 \ , ) O i7, 7-.7 4 i , ! 4 2 J l . l.,7

,••72 5. UK] \ 7s" \ 5,.1 0, I,.1.) 5. its I, V.s y. ti>5 : •. 27 > in. _7" 11. 155 11, 143

7"') 77" M ; s 7 ] , , ! , ; 4 1.0 1'), i s i i ' » , - ! ! ) i l ,)',[) 1 i . s o . i r ; , . , 1 , ! ) 13 . " i o

' 2 5 0 2 . 1 * 2 1 7 22<> 2 51

13 1110 SOI 0.

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i. 10812240

13.10 73 2

149527

13. 1110 7955 0i>S

1310

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i'10 217

73. ! *>0 ,"7,2/1 7(), i.".7 7'-,2t'» ,""..'9'i 71.o7;t!0, 23s io . 500 !0.'.)'os ) ' . ! 5 1 io 72L . ' , ' <>

' 102 ' '..'J ' i) » ' J..". ! , i Ii ii s . I IM l w ^ 7 2 2.1 !"2 2o siiT i'>, <<sj ,;,. s; 'J.l, l-»2 13. ->42 U«. . , ' , 3 . L-v> ! 2 . 57') I 1 . >~5

1 2 3 5 1 , 2 5 ! ) . 2 ' w ' . 2o • 1. : '.•) ' . ( . v " .

'•! 500 Id. M;O 10 -si 1 ! • :i. U.. ".'» s / i , ) "

i l l ", lS'i 5, .,73 ,", V.^.\1\ 122 112 11 J

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l! I d27. lion' ' .7 40

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lo,

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n.

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2I'i7 "537o00047 5I o7',50O S i ;

12.77135, 27 i

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9 Ms

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7 1 075(>7, 225

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M'd27,291

0. V-'.O

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f,

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0,

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20

r.si!0.'»

7f»s19:!

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1 7 0

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9537 13210310

t>5(}

5, 4'd.05

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sr,i;57029731')

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120

24 4.40.

IS 4.12,10,

1,

o,

135no42'.) ,80 :

125 ,435 i757 i933 •70'i .745

340 ;985 iii")tj

113. 1741. 310

115, S01 ,S3 '

240.0434 4, ;>(VJ .

182,825 ,12.019 .10,107

830

i, in7. 131

059

no,1.

120,

237,43.

181.12.10

,

7>

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82 '

30 i •552203OoOsOsM7

.-t.il798 '059

112.1.

110.

2/A,42,

17s,12,10.

!7.

110101

82

100i ;• i<j

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72170)5

112S(,S0"9

113.J.

120.

234,43.

• 177,12,10.

1.

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35 402090 4830sor»801

2s 1311059

111.1.

117,

234.

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79

42344.213

' 170,: 13.

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101,9351. 110

108. 39979

237 075"W. 874179, 119

13, ()S2Ii), 394

03s

1. 10s7, IS.'i. ut>2

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121.

242.40,

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7_

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100701(if)">

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230. 2S5Is, 100

175,21512,91010,0(H)

v !7

' 1, 1057. 70<)

O0.")

1 7 , 0 5 2 I s 1 , 0 0 2 - ' l b , s " > s 1 7 , .502 1 8 , 0 7 3 1 7 , 3 0 0 1 0 , 2 t u 1 7 . 2 S S 1 0 , «)9() 3 0 , 0 7 5 1 5 . 2 ' 1 1 0 . 0 7 * I s , 2 l 0

3 0 , 1 1 0 3 0 , 4 0 2 3 1 / 2 3 9 3 1 , 3 4 1 3 1 , ^.H) 3 2 , 5 4 4 3 0 , 7 9 ' J 3 2 . 7 0 0 3 1 . 0 « J 5 3 3 , 7 : 5 2 3 ; ; , 5 1 0 3 o , 0 2 4 3 7 , 4 1 s

1«)1

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42, His

07, 'U;*

.059 'h>0

. 14 451*. 10"19. 1\)22", 387

7, 02s4. 909

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491923

t;.")

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2ti 1

o.M*101144389l)SSS S 2

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10s

V).i)S.

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7,

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701

s . i

059h . i1 !14955)97905250455

• ;0,00.

50,VI21,

7t4.

"OS*

•i0 4

o59104 '1440 1 Sl i t )!331 ."iti

9SW

n.01

isis23

74

9M)"S.5

059Ihl1 45sOO8'H'225510

39.« » ( ) .

1 " ' ,17,25

7,4,

o i lsos

0591M14523030939!;;o:i425

3 5.• K , ,

431521

i .

4

29 sh . W

11 ")',<

1011452so42.(.) 57sin32'•

.'A, 135

• u, '2S0

I)5 'J

101. i 45 ,

4'). 05)510. 7972 >, 297

7. 5571. 907

30,• " '

40".15.21.

7,il

07 4

3S1

05910114502529020437!98* >

30, 005• ' i , 1 • ) i

o5M. I'd

Is'. 1S2T>. 77725, 037

7, 190:>. 197

•i2.

19is24

75

l t )7

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059l ' . l

2300037«) 5

252O.s9 ,

•A \. J2 4

>/, 10/

. 059101

. 1 1051.04417 . {iL>7

20, 4337, 4*75 101

30, 93150. 857

, 059. 101. 140

•)4, 0 3 !19. 37s27,910

7, l iOlu, 493

H M > e d .Jl-mures for i!n (>roduction of natura l <::w>line includi

ber, f>S7; I )eceml)or, S.i'2. 1(,MS Janua ry , 821, Fe ' i i i i ' in , :*suni la i lv , sale^ oflifiuefied petroleum aas are include [ itin tils- note marked ' " I " . Production of s t raiuht-run ease];!7; Ju ly . Ids1; Aueu^t, J14; these da ta are not includt C\ i

+ !{e\ise I serio^. Product ion of b i tuminous coal rovi-produc ts re\ isi'd lor 1011; for revisions, see notes marked '

1 tot. il sales of liquefied poll oleum U J - a- follow s (tl:ous oi barre ls r 1942 August , 502; September . .r79; Oet<;ber, t>03; N o \ e m -29; March , SS9; A:uil , 755; M a \ . '"iT:, J u n e . 711; , Iu l \ , 095. Aut'iL-t. 771, then- da ta are not included in the total for motor fuel:the total production of na tu ia l misohne but exclude1 I from total motor fuel product ion in the re\ ised 1941 tiuures refturet) to

line includos transfers ol cycle products as follows: 1943 Janua ry , }()£; February , 104; March . 109; April, 145: \ l a \ , M ' s J u n e .1 t lie lofil for mot< r fuel.;cd bo j inn ins Juno 19i9; see nole marked "f" on p. S 32 of the April lyl'i Survey. Data for ihe indicated series of petroleumf" on p . S -33 ol the March and April 1943 issues. See also note marked " { " above

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Page 56: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

S-34 SURVEY OF (H'KRKXT BUSINESS November 1043

Month1011,a n ddata

l\ si aliiu>irelin

sties through DecemberT willi explanatory

references lo the sources c, may 1>e found in the J942

piement to the Survey

notesif theSup-

i 1943

| .— .! Sep-! tember

JjiT.U- I'rbru-•Jf V

March I ApH

PETROUS M AM) COM, PRODLCTS Continued

j une July

PETROLEUM AND PRODUCTS—Con.Refined petroleum products—Con.

Motor fuel -Continued.Retail distribution^.. . mil. of gillStocks, ua^oline, end of month:

Finished gasoline, total thous of bbiAt refineries . . . . . . do

Unfinished gasoline .do .Natural pipeline do

Kerosene:Price, wholesale, watei white, 47 \ re(iner\

(Pennsylvania) . ._ - . .dol.pei i>;ilProduct ion . thous, of bbiStocks, refineiy, end of month-. . do

Lubricants:J'riee, wholesale, cylinder, nifiner\ ; Penn-

sylvania) . . . . _ do], per tiaiProduction . . . . . . . thous of bblStocks, refinery, end of mouth _ . do

Asphalt:'Production.. . . <hort tonsSlocks, refinery, end of month . do

Wax.Production .._ thou.-.r.nbStocks, refineiy. end of month do . .

Asphalt, prepared rooting, shipments:Total . . . thou> of squares

Grit surfaced .do . .Ready roofing doShingles, all typos . .do

.070

7?17

s,

3<V,

77

l'

)[

v»l

921

Out3102' 1

U » I J

inMil

.'00"00

010000

n i

-.

X,

s,

r;

ii.«.'f

77*

1.

0 2 >

i0 ' •>

42120 i

M-l

MOO

120

410S02091

4t»s

Mf

313,

M !

1.

o!7

-!!!.',

o"7

90011)0

42o210

774

M l

-

6411.s4.

s

2,

" 19ill"

Sh

4

1

i

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..24

--..!

It 09s $

1002ou

920"20

!

70

7

, j

i l %

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j

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I s .

>"'4

0' i

1h0• > 4 9

son00(,

100

10(1517

j

17

r*1 It.lM't,

M

31

3 ,

\U )

17".t .17

0 ' • '>» 0 2

]}•»

D i l i

U"72"

oo.»S(tO

t i > , < »

000

767

73*

' .1

1

-i

o

•590

i!

•> l)7

st (7s 7 ;

"ill"!• o7*>0

""0(1

t i 0« )

1

sit»2

i

9

' .71

si

1

•-».<' 1 7 1 3 i , M,">

0 7 7 7 s , 6 i 3 7 >, I-i7 ( <>7, 31") f>2 7 9 1

0 57 • 1 0 * 9 2 ^ 10 \7 ,V) ! 1 0 ^ 2 ^ 5 10 T>sOS, (

4t>2

181

700

2io410

4112214297<>2

•J,

3 ,9 t

"04,

M

3,111,

•T;

471

SO()<){){)

9292so

294u:<H2

1 0 ,

,:

5S i,715,

sti!i,i

iii7 i

511

2si

100

S4DhS(i

270VA09^

10.

' . ; •

s,s.

71V

s t

i1,1I

179

(•70

<>7S

; ( i 0

300

4St)4S0

1 19-it.452s217

10

:',

(•71.

7h

l '1.1

•> >s

071}

7M0

Ih'i

412

009

921!729

417lot.5hl

no

i 11

:

">t»2

:i111,1

2 ' i J

In!)

170

12:'* i ( .

STONE, CLAY, AND GLASS PRODUCTS

ABRASIVE PRODUCTS

Coated abrasive paper and cloth: !

Shipments , . . . . _ . . reams.. | 142, 508

PORTLAND CEMENT !

Production..- - thous. of bbl._ j 11,380Percent of capacity . j 56

Shipments thous. of bbl.. | 12,296Stocks, finished, end of month do j 19,704Stocks, clinker, end of month ..._do I 5,258

!

CLAY PRODUCTS jCommon brick, price, wholesale, composite,

f. o. b. plant dol per thous . _ | 13,427

C L A S S P R O D U C T S i

Cila^s containers:Product ion. . thous. of uros^ 7,5s;»

Percent of capacity . 120 9S h i p m e n t s total - thous. of <rio^ 7,619

\ a r r o w neck, food. . _ do s:;.Wide mouth , iood . . do 2.127Pressed food ware do 39Pressure and nonpressuic . do 3shBeer bot th-s- . do 119Liquor ware . do 76sMedicine ami toilet . . «!,. l. s29Oeneral purpose . . . do 5s*jMilk bnftlos . do 2t»lFrui t jar1- and jelly ^latses do AW

Stocks, end of month . do i, ss2Other tflasswau1, m ichine-made:

'! umblers:Production . thous . of doz i. ">H»Shipments do 3.99hStocks do 6 953

Table, kitcb.en, and hou^ehoidwaic , v-hip-inenls thou^ oldoz 2.168

JMate jilass, i)oli^hed, piotlucti(»n fthous of sq. ft J 7.313

W md'Hv glass, prodnctioik " JIHMJ^. ol boxesPercent of capacitycf - . . . . .

GYPSUM AND PRODI C I S

Gypsum, production: ;Crude...- short tons,-!Calcined . do ;

Gypsum products sold or used:UncalcinedCalcined:

For building uses:Base-coat plastersKeenc's cement . .All other building platLa th . . .Tile\Vallboard.

Industrial phster1-.. .

thous

dododo

1;shon ton> -

135,030 1 142,985 ; 120,953 ; 126. s 7 | 150,497 i 153,639 i 145,123 j 138,181 123. OM 157. 2'A;

17,60585

21,28215,2684,493

17, 54187

20,148

18,29387

20, 38412,708 I 10,625

3,606

13.265 i 13.255

2,733 !

13,213 13.215

1",

14.3 2 .

2,

273SO

ti532 isSlo

1 1

S,17

A

116t>7

9 5 5 •12S509

12

,s%

'21,3

.")»>()00

t i l l36s77]

10

8,22

4

2 9 3 I

54 !656 i985 I566 ;

11,

10.24,

4,

39254

107111926

11,

12,22

5,

239 ;55 1

757579 1312 i

12,

12,22,

5,

384 j59 j

075 !891 j574 1

11.

12,22,

5.

89558

702 .067455 .

11.

12.21.

5,

SSII5»'.

41154256s

11.

- 12.r 2 0

67356

oS7t>2ilti^S

53.243 13.219 13.260 13.279 13,384; 13 .433! 13.442; 13.423

6,609 !98.2 I

6,921 I546 I

1,837 I33 !

320 I738 I

1,164 I1,253 i

329 !270 I401 i

9,139 I

4, 498 :4,532 I8, 196 i

6.328 i97.8 ]

6,897 i818 I

1, 632 I31 I

315 j647 I

1,095 11,286

361 i286395 I

8,490 I

3, 8803. 8298.239

6.86998.3 ]

7,005511

1,84549 I

350 I625 j

1,172 !1,662 !

455 j276 j

29 l

8.299

4, 500 i4.888 I7,837 !

3, 048 ; 3, 606 j 4, 608 i

3,863 i1.075 I66, 2 !

4,7411,097

4,924 I960 !

59.2 !

100 4«i, 2M

150l .Wil

39 1331 I681 iS20

1, 508 ,520236

138. 31«»

3, 77s3.535

4, 6!2981

60 •>

• I. L'9993 (i

6. 564Us

1,73539

3'12Y238(>S

h 191f)lt>272

7,3U112 ,S7,246

1911, H I

II3C.Hh!9 .790

1.921551207100

• ''. ti72110. 7

7311.70S

7. 561111.5s, 154

19!>2. 111

U>17S

116. Ss. 132

4«.«>

2, 10933553S52sl7

1,92270220740 4

5. sill

3. <A73, 7 lti7, 177

3,744

5,0011. 297

4, 1753,71,3

X. 5s,")

4.91H1, IW

71. S

4. 2io7. s<)3

3,713

4, 7751, 11368.6

J1,213,817 I.! 754,911

381,730 '

] 99,0612, 005

77, 4S3197,81"

31. " 7

3'). 3(»9

l.U9,v>3()5\ 053

388, 625

129, 4»»s2, 25s

61,695159. 12312,32s

IDs. (Mi

3V3OI

4. L'S45,33sf>. s7'i

5. 2371.249

76.9

855,028546,388 :

101. 2<>2i.959

11.'). 4073, 1<V

4. 227

ii, is]

3, t>22

5,4881, 00561.9

8, 104129. 1s. 350

5(>72, 220

42oSls i 979S

1. 9706s2!',*!4ti4

4.92!*4. 5976.544

2. 99ti

5. s;>59 42

5s . ! •

7.773119. 18,262 :

590 ;2 227 •'

55 i008783757

1,8916S2247398

4 SS'J

4. 5504,924 i6, 179 :

3, 402 ;

5, 898 ,1,079

(WK5 I

7,685117.7 ,7,616 !

661 ;1.956

34562570676

1.890614251359

4 845

4. 8604, 8356, 160 :

2, 692

6, 4161.090

67. 5

S. 272j2C>. 77. 997

74s•2, 20 i

564 19l i t )73S

l.t»7!>»is:j2S L4o«;

"1 {)')O

5, 0904,775u, 467

2. 365

ti. 9941, 296

79. 8

1,017,131«75. 307

14J, Ms2.0S1

t-2. (>27111. 65S

2. 9S2r l<)h. 4 1(1

3d, 252

r Revised.c? Collection of data temporarily discontinued. Production from October 1942 to August 1943 is partly estimated,§ For revisions for 1941, see p. S-33 of the August 1943 Survey.If According to the compiling agency, these data have represented approximately the entire industry since February 1942.

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Page 57: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

November 1943 Sl/RYEY OF (VRKKNT Bl'SlXKSS S-35

oiitliK stalislios through December19-11, together A\ilh explanatory notesand references to the. sources of thedata, ma\ be found in the 1912 Sup-pirnii'nl to the Survej

\ o \ c i n - })e<-« til- J I I M U -, b i ' ))('• ,vv

TFXTII.K PUODICTS

I-Ybru-'II \

1913

Juno ! July

CLOTHING

Hosiery:Production .-thous of do7( n pur^ 12, 5f>4S h i p m e n t s . . . _ . do 1L\^7')Stocks, end of mon th _ do 17, v>

COTTON

( u!!<iii ' ev inc ive o! lniters):( '{.n-uniphon . . . . . . .bale-I'ricc.i n c e n e d by farmers . dol. per lbPrices, wholesale, middling XY\%" aseraL'e,

lu niurkefs . . ' . _ . dol. per lbProduction:

< i innings § . . thous . of running bale^_Crop int imate , equhalf-nr 500-]b. bales

thou*. of bale-yto<'kc, domestic cotton in f lie I nited States,

end o! m o n t r r tW in houses _. - thous, of balrsMills _ . . . do \

CuUon iinters:roM-umpiu n_ . . .-- . .- - doProduct ion . . _ . . . . . . . . . do 'SiiK-ki-, end uf rru n th - . . . do

872 loo.202

is*, MMi . s s i

111

<:OTTO\ M rn m;sCotton cloth: ;

Prices, wholesale: IM ill margins cents per 1b_ _ j 20.37Denims , 28-inch . . . d o l . per yd . 192Pr in t cloth, 64 x 60 do 3.087Sheeting, unbleached, 4 x 4 do 5.108

Spindle act ivi ty: |Active spindles . _ . . thousands_. | 22,631Active spindle hours, total mil . of hr ._ | 10,325

Average per spindle in place h o u r s . . 442Operations percent of capaci ty . 127. 5

Cot ton yarn , wholesale prices: |Southern, 22/1, cones, carded, whi te , for kni t- I

ting (mill) f . _ _ dol. per 1 b . _ i .414Southern, 40s, single, carded ( m i l l ) . . . d o j . 535

R A Y O NConsumpt ion:

Yarn . . . . . . m i l . of l b . i 40,4Staple fiber.. . . . d o . . . . i 13.7

Prices, wholesale: jYarn , viscose, 150 denier, first qual i ty , mini- j

m u m filament dol. per lb _. | . 550Staple fiber, viscose, 1 ^ denier do_.... I . 250

Stocks, producers ' , end of mon th : \Yarn _.T mil. of l b . J 7.9Staple fiber . .do j 2.8

WOOL

Consumption (tcourod basis) :\App<ir«'l class _ . thous. of lbCarpet dai-s . . do

M'tfhirim id iwt j (weekly avi'ragi'MLoums

\\ .i')k'ii and worstfdBr"<idNarrow

Carpet :uiBroadNarron

thuus of acti\<-do

'1cdo

p [\\ool< n . doWorsted - do

\\ orsie-J cfmb.s . . doPrices, wlioif^alc

Raw, t(rrJtor>, fine,, scoured dol. per lbRaw, Ohio and IVnu., llecces . doVustr'jh'in »H\dnt*v), 64 70s. scoured, IK

bend (Hostnn) . . . . . . do! per lbWomen' dro^ ^ood^, French scrm\ 51" (at

n dlj dol. per >d^orhiod >ani, r'o2'-. crossbred ^toek

'MOMOIH - - . dol. i,cr lb

1 2 . •> 51 2 , t i t22, 11

J 3 , 0 V_' 1_) •1 1

7s

on

2 , 1 x 'I J 9 3 7. V If"*

i I"-,! 1 2 ,! 19]

2.1597,"74*

1 1.Is

412.'• i 473 5

] 2,13!] s

l i l X !3:5 ;037 j

12,12,17,

211 !316 !992 '

12,13,1",

966 i033 !984 ;

11,U,18,

527 1386125 i

12,1217!

267714677

921, 9

11,53',

196

H 7

7\r,

. 197

Of. t

]•_' H7

U.?7. 1221UU

»02. 301.201

.211 •

".MS. 433. 200

.211

r N39, 86S196

209

107

*42,

1.

260198

205

785

9 C ir 1. Tin

- 1 2 . f.i >t

* 123'2S \490 '

°2.17.193.090,10s

1• 23. 001

10, 9*1' 460

r i.r 0 i

.421, 515

38.212.7

. 550

. 250

3. 9

22.03 -192090 '108 ;

' 23.988 :

11,1 ill .' 409 •

' 135 4 .

.420

.515 ;

21 85192OIK 1

.10H

rOJ 01S* II 120

- 480' 137 3 '

. 414

.515

21 47 ,. i92

o'lO ;

' 44 ir 1.5.J 9

. S14 >

. 5 1 5

His '

' * i ; •

21.0s, 192 ,J'9010s '

' 10,726 1' 1.11 '

r 128 3 1

20.32, S920»i0 I

r 10,S25' 15S

414 !.515 •

20 011M2o'.ni

22. 907• 0,251

435

. 414 !

F 10, ,V4i2. 3 \7

lor,63

19.62 I.192 !

3.087 i5.108 !

19. 69.192

•I 087s. 108

9729

- 733

19. 69.192

3.0876 .108

r 7, 648••2,050

10720

658

7, 9991.876

1084C:

613

' 22, 925 • r 22,895 i »• 22, 777 I r 22, 769r 11. 04^ I r 10,928 j r 10, 577 | r 10, 714

195 465 451 ! ' 458H I . 4 I 133.2 I 134.1 j ' 130.0

.414 ! ,414 .414.515

.414

.515

12.5 !

.550 !

.250 l

8.0 i4 .3 I

41. 112. 6

. 550

. 250

J. 71470

125, 173120 250

237

19(1

,79 ' )

52,3013,011

2. 657

121. Ml?112, 130

23 7

1 5."S

I.sOO

45, I'm3,210

6941

3s, S12.4

550. 25()

41,3**3,036

2, 65071

1 J

41 013.2

. 550

. 250

S 73.3

45.5( i i

\2

37.912.7

.550

.250

8. 93.0

39.012. 6

. 550

. 210

7.12.5

42. 8 j14.0 j

. 250

6.82.8

41.513.2 !

.550 i

.250

41.812.9

.550 !

.250 '

39. 6 i13.3 !

. 550

. 250

6.52.9

19.94 j. 192

s.087 S5 .108 j

122,667 i•9,888

' 4 2 3 I120.0 \

. 414 I515 i

40.0 113.2 !

.550 I

.250 |

6.43.2

20. 34.192

3.0875.108

22, 63310,091

431122. S

.41451 r

M l . 4:13. 8

.550

. 250

r 6. r3.5

49. 3202, 911

2. si:'-67

(i

30, 2802. 972

70 '

11 !

2,

980610

721 .:

63 ,

60 ;

39 i

l \ 8322, 10<>

2,716 :

59

60 :

40

17. 32*2. 132 !

2,615 161 !

5437

r 54,2,

r 2

800 :180 '

41555 :

4831

46,2,

2,

136,464

514

5335"

12\4'J5 V2L, MM 126. ,M7Us. '

217

1 -ju.1531

., 790

1.559

1. 800

I 15. 3 1120 r

1 20.1

. 790

1.559

1.800

20")

!. 20"13.1

. 790

1.559

1, 800

121, 120112 922

1. 20.1135

,. 765

1. 559

1.800

133 4s2i>9. ul.1

J17

1.559

1. 800

131, *9O ! 129,049 ; 130,201 i 127,186 ' '115,836 ! 125,93kUs.s .J5 I 114,009 ! 118,047 \ 113,716 I '105, 100 j 108,733

1. 559

1.800

219

1.205 ;

. 535

. 765

I . 559 :

1.800 i

226

. 53s

. 765

219

I 205. 543

. 765

1.559

1.800

1.205. 544

210

1. 205. 545.

' Revised.1 Total ginnings of 1942 crop.2 October 1 estimate of 1943 crop.3 Price of 64 x 56 print cloth; production of 64 x 60 cloth, quoted at $0,090 through June 1943, has been discontinued.* No quotation.5 Price of 56 x 56 sheeting. Prices for 1942 are for 56 x 60 sheeting; production of this sheeting has been discontinued.§Total ginnings to end of month indicated.j For revised figures for cotton stocks for August 1941-March 1942, see p. S-34 of the May 1943 Survey. The total stocks of American cotton in the United States on July 31,

1942, including stocks on farms and in transit, was 10,505,000 bales and on July 31, 1943, 10,569,000 bales; stocks of foreign cotton in the United States on these dates totaled 135,000bales and 88,000 bales, respectively.

IJData for September 1942 and January, April, and July 1943 are for 5 weeks; other months, 4 weeks.• Carpet and rug looms converted to the manufacture of blankets and cotton fabrics and woolen and worsted looms operating entirely on cotton yarns have been excluded be-

ginning January 1942 and July 1942, respectively (see note marked " • " on p. S-35 of the October 1943 Survey). August 1942 and 1943 figures for these looms are as follows (thousandsof active hours): Woolen and worsted looms on cotton yarns--1942, broad and narrow, total, 36; 1943, broad, 64; narrow, 12. Carpet and rug looms on blankets, broad—1942, 18; 1943,38. Carpet and rug looms on cotton fabrics —1942, broad and narrow, total, 188; 1943, broad, 53; narrow, 101. Total machinery activity for the 2 months can be obtained by addingthese data to figures given above.

tRevised series. The yarn price series for Southern, 22/1 cones, has been substituted beginning 1941 for the Northern, mulespun, series formerly shown; for monthly 1941 dat;*,,.see p. S-35 of the November 1942 issue (1941 monthly average, $0,355).

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Page 58: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

SURVEY OF CURRENT BUSINESS November 1943

Monthly statistics through December j JQ.JO1941, together with explanatory notes |and references to the courees of the jdata, may he found in the 1912 Sup- j Sep-plement to the Survey ! tenibei* August Sep-

tember

1942

Oeto-

1943

Xovem-!ber !

Decem-ber !

Janu-ary

Febru-ary March | April I May June

TEXTILE PRODUCTS Continued

Jul;

TEXTILE PRODUCTS—Continued

T\\ onl — Continued.Crocks ^(OII-KI lijM^, er(l >A qu^rtd, 1

Tol.il ihoib. ol 11,Wool finer than in-,, to*. 1 do

DonuMi'1 . dor.»iiiun io

\\ ool \(U and K'loU ,) 1 1 C1M M do

MISCI:LL\M_OI S PISOIH CI>

Tur, M I C ^ h% d e . l u ^ t h o u - «,f «i >iP \ i d \ \ l m - c < a t " d i e M il( s u o i l o n f i h i ;•

O r d e r s , u n f i l U ' d , u » d o l m o f ! '<u-> li i \ d

{ ' \ r o \ \ l m s n ) , c\<] I ' M , u s , , j ]>,

^ l u p P H M i t ^ . v«11! d I h o u ^ h i <> it v 1

1'."

I'M

12 > f .12J2V<> 205

M I 0 7 0

•1. lt»7'"> 7l!()

7 7 , 120"7 3 1 4

I, I.M,1 _'.".1 731

s 01 ]\ r 21 3 " U

1 2 1 s

TRANSPORTATIO.X EOUIPMIv\T

o!\{

nd

ol] (

ili \\stM

( j

i b i

AD

H I 111 1r c i r Ii

( n ^

month1(> ! i i ) l \

TOMO1JIL

il«' i i ' n>na»

i i ( ) d ' l ( ' t i ' / l l

E S

in 1(' 12

! » ' s < M ) I M i i

<• 3 i , r . ; « »P ' U s I

!.,

Io. < 1 1 1 - ' .

l . 'O

1 U l l ^

381444

14732

.W \ \ J Ol II'MhN I

\ ' 1 IC! 1( Ul \i l l l ' ^ s < 11 l U s t l ' h M^ • l l D I P >iN

I i ' i i,t < v •*. I if.il i . u r i i i < i (I 105L ' O I M W K - t i o 3 . o09

P isw I : ^ ( M f a i > , t i ) i , , l a 3D o m i N ' i c 1«> 0

\ ^ D i ' i it io • o l \ r n t i h i n II n l ' o \ N1 r a h t ( \ u s , e n d ol i , i o* , t ' > :

N n m t ' i v O U T M M ! t f ioMMHti-s 1 .717I rifle u o i n L oi n \ a i M i i - t l i W i o d \o\ i i r ^

1 n o u s n d - 4-<

V> : C ( > M o l h . K 1 o n l i i i f 2 . s

o r ] ( i s , u i i f i ' l c 1 i l3 27 . ijt»iir . q u i . m ^ i i i i t u i n u l u t u i e i s d " 2 i . 4 ! dK a i h o d d s> ( l i , s <io f>. 2 N S

1 o i ' o i . ' o n « . , s i ( a i n , e n d <J m o i ' t ' iI nd<>> J, i iu o r a\ \ a M I > L c ' i s n i c t l i ' ' u ^

nutrdnr 2,070Percent of lot il on ]nv 5. 3

Ordors unfille 1 Tiainbt r 4fi8Equipment m mufa ' taiei> d<< 3S7J i c u h o a d s h o p s . d > 81

INDUSTRIAL ELECTRIC TRUCKSAND TRACTORS

Shipments, total number.Domestic do ;..E xports - . . ._ . . do

Physical volume of business, adjusted:Combined indexf 1935-39 = 100

Industrial production, combined index!1935-39 = 100

Construction! _ _ do.Electric power . do.Manufacturingf do.

Forestry! do_Mininp:! __.... . . .do .

Distribution, combined index!-.. _.do-Agricultural marketings, adjusted:!

Combined index - do.Grain do.Livestock . -. do~

Commodity prices: jCost of living . . . . do ! 119.4Wholesale pr ices 1926-100.. j 101, 2

Railways: |Carloadings thous. of cars.. IRevenue freight carried 1 mile _. mil. of tonsPassengers carried 1 mile mil. of pass., j

2011

955 , 1.575 ".. 2.142 2.202 2.241 3.061 3,30o574 j 1.40s 1,970 : 1. S06 : 1,428 ; 1.447 '. 1,321

10 •. 0 i 0 8 \ 0 0 i 310 j 0 : 0 1 0 0 ' 0

1. 7.'M i 73't 1 711

31.24.w.

o

533 1i<;5(•26500

593 .6. 6 i323 |256 !

67

2 7

2N 352. . 2>.)

2,381 !6. I |314 i238 !

76 i

•12

2. 12:*. 20122. 119

6, 7v-5

2. 143 j5. 5 i2S9 I216 !

73 !

152 *>

2 7 . 3(>s

22, I- 7"). i l l

o i ) ) f S

" 5 . 4309

' 2 7 0M)0

12 if r .2 1 2 h 2 (>

27,Of»l Vi 2M !') i2(>2D. 065 1") («>u 15. 117

5.4 4 9

382 '344

38 :

438 j415 !

23 j

420 ;418 I

2 i

367 ;352 :

15

411380

312S0

5300

33

135425

10

CANADIAN STATISTICS

20,0. 7 • 206. 1

232. 5134.3142.8248.8120. 72!6 6

i ;.o. i •

235 1 !127..S !1 10 0 ;253 3 '116 2 ;

21 >7, 2

23S. 697.8

13b. 5262. 6126.71U5. 7142.1

207.8 231.7

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42

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26 i

353342

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378362

16

236.9 236.3

99.6

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102.9

13 6 106.6

4. 59?532

117. I91. S

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112 9.9

117.890. 6

323i, 171

404

40

41

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0

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112 b

20 71217 Wl

i UU

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19,30716, 102

3. 235

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89 '

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48 i2 . <s

3,3. 5372S. 227

5.310

2,052 i' 5.2 i418 i340 :

78 ;

7,837 :1,420 ;

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1.711 ;

102 0

31."1127,011

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2, 1055.3461371

90

241, 0

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05 4 i90.4 i

117.0 ;

118.6 !97.0 !

291 i5,077 i

385 !i

250. 8 |101.5 i140.1 !276.2 !124.7 i209.6 '160.6 i

141.7 !146.4121.2

118.8 !97.0 j

273 ;4,750 j

652 |I

254,6 i95.0 !

142.5 !279.0 I105,6225.3 I166.3

133. 5149.8 :62.8 |

117.1 !97.1 :

2374,063

411 \

267.8140. 7141.8290. 8120.7236.1143. 3

110.3113. 397, 2

116.997. 5

2474, 456

388

269.190.8

146. 5294.1124. 4250. 6154. 3

108.8108.4110.7

117.298.5

2865,083

481

274.483.7

153.0296: 7116.0281.2159.2

224,9256. 786.6

117.698,9

2805,167

519

267.891.3

161.2286. 5118.5285.0157.2

252 7290 4

88.9

118.199. 2

: 284' 5,460! 508

267.2!73.6 1

161.6 ]285.6 i132.2 i295.5 1160.5

258. 3 j293.0 I107.6 1

118.5 :

99.5 :

298 :5,611 \

' 561 !

270.2 j69 . 5 •

167.3 ;284.8 !126,6 :

327.7 i166. 1 :

295. 2339*3104.0 !

118.8 !100.1

293 !5,515 '

657 ;_.

276. 884.9

163. 7290. 8127.2337.7166. 9

120. 5123^4108.1

119.2100.4

r Revised. p Preliminary.!Revised series. Wool stocks are compiled on a revised basis beginning 1942 and cover all known stocks of wool in commercial channels, including stocks in the hands of country

due mainly to changes in the weighting and in the list of components, so as to present a picture of the expansion in industries engaged in war production. Revised data were firstshown on p. S-36 of the December 1942 Survey; subsequently the construction index was further revised in" the March 1943 Survey. The revised index of grain marketings is basedon receipts at country elevators. For revised monthly averages for 1941 see note marked "f" on p. S-36 of the April 1943 Survey. Revisions for agricultural marketings beginning1919 and for other series beginning January 1940 are availabe on request.

U . S . G O V E R N M E N T P R l N T i N S O F F I C E : 1 3 4 3

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Page 59: Survey of Current Business November 1943 - FRASER ... · Seattle 4, Wash., 809 Federal Office Bldg. Contents ... marketings for first 9 months of 1943 ... ence that further increases

MONTHLY BUSINESS STATISTICS, Pages S1-S36

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Pages marked SNew sprmt » __ - 32New York, employment,, pay rolls, wagea-10,12,14Ne* York Stock Ex«haBge. ___. .____ 19,20Oats.. _. ___„ __.„ 26Ohi< e c ployment, pay rolls ™» -. . 10,12Oils and fata . 4,23,24O1 v/marga'-inf* . 24\)T kT8, new, m inufacturers*-. _, . . . 21 nt «uad p*imt materials . . . 4,24l.ptt o.i pulp 2,4,9 10,11,12,13,14,16,32P mac* *-a twued . „ . „„_ „_„_ 22P-v t ills

l*a torv b cuties and States . . . . . . . 12I t >ry b/mduHtnes . . . . . _ - _ - . . ._ 11,12IMt nraanufa^tunrg industries-. 13

Penntviv rua» employ ment» pay rolls, wages. 10,12,14

I>tx nam and products. _ . . . _ _ _» 2,i,4,9,10,11,12,13,14,17,33,34

I ig if on _ _ . _ . . . _ - . - - - - 30Pjjnelam enameled products . . . . _ _ . _ . 31Ptwk . _ . . . . . _ . . . _ „ . . 27I ostai business. ^_ _ . . . . . . 7Pont ii savings „. . . __. ,__ 16I <• ultry and t^g.% . . . . . . . __ 1,3,23I n i (see also individual commodities):

Ret -ill mtleses ^^ „_ „„___ 3^1 (-sale indexes „ . . . . _ . - _ _ . _ _ _ . . _ 3,4

f Tint iifc - 2,9,10,11,12,13,14,16,32Pr >1 u , corporation . . . . . . 18± »»bl ( rehff . _ _ _ . . 15I'ubl t itil.ti^ 4,10,11,12,14,17,19,20P llman Co. . _„ „_„ 22t \n i % . _ . _ . . - . _ 31k i r« ha**mK powrr of the dollar. 4kadu adverr^smg ._ 6PatlAiys operations, equipment, financial

^tmtisiics, rniplovnient, wages™. , . 11,12,14,16,17,18,19,20,21,22,36

-vouvv /*** *»ftct;t ( w Street lailways, etc.).R ^ o 2,4 9,10,12,13,14,35fltm pt&, U S Ca'Tvernment..--. . . . 18* ei oustiurtmn Pman<e Corporation, loans. 18Rf nM ihoueiug) mdex „ ___. 3R

Ml rcta*J sicirs, sdies _t h i* tor*^ „.

IA*\\ orde*R i*a\ fe, n«*rV merchandise _

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is- f en 1 Jambs

'--il r nta numttat ti

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. - . - _ . . _ . - 1627

. . . _ - — 11,13„ „ _ _ „ „ _ . . _ _ 2

*» 4,7,9,10,12,13,14,29»»h nciuog, _ . . _ _ . . . . - 24^\?> __„____„__ 17\u ^-___ 28

i hte \ni$ end me ml packmg . , , . 1,2,9,10, 12,13,14,27

i ns u i l Mfybvn o l _„,__„« 243 i i le * b r i ( t n i W O J ! .__„„___„ 35? *•' rui ior { si l i o n and steel) .

ii p _ . 29j iu t ie j ^ r i a t it stojc (see also manufac-

f t ' - I ' l l T t M C t ) ._ 8» « s U«*JI s ptir s &ile-, v te lds _ _ _ . 2 0 , 2 1it i l a v . j t i d f 1 "\ p i o d u c t s _ „_„_„._ 1,

v <*, 10,11,12,13,14,16,34•j < i<iu , i s W busv_ 10,11,12,14

t . . . - 28. . . 23

- * M w x 23» I si P ** __„.__„ 23

i 1 ' t i * !<*?,*•* "'i "• ibie, and radio-tele-i t h s it a 10,11,12,14,17,23

i » !« r *,9 10,11,12,13,14,16,35? » . . . 34i n . 31I ' ( * 2,9,10,11,12,13,14,23

o » i i hs 11,13,31Tt * t ! l l ^ ' t M C 1,7 8,10,11,12,14,16

i i 1 i \r«* H tiJ . __ . . 21i m ' i i t P '-»un » *Y and passenger._ 21,22

J , I t K J I KtHl i t . 1 ,; , t,o J0, 11,12,13,16,36

' ! ^ S _ . 2 2

i (' i v * s JI fas*iial e iec t r ic____ 3 6> Kilt . . _ „_ 8

* ! ) K G O V U P I ti i bcndi 19,20LM t C nw np,< nt, fmit ce__ 18

i i * t *J ^J s rpornl ' jn 21,30n i« I 10,11,12,14,16,17,19,20

\ t ^cf<H »ndt" „___ 8\ - i . 23V, *f i i ' mt . „„___ 3,25\^ * t i tin cllamou8____.. 13,14,15

» r i ! t M M , , U i r C S_ . _ „ „ _ . „ „ _ 18W i! , v u i rids _ . . . 18V »t * %l ! O . H J M 1 6

\ * i < t • iiioii, employment, payr. lis . . . . . . . . . . 11,13

M » r i t ' i j . r . . 2 7i i . 1 <• i r i ( » « - « 3,4

* > *n,a K i TI ivm fu p y rolh, wages. 10,12,141 a . 4,32

^ > iH At I I I ill* tdi«i 2 4,9,10,12,13,14,35,36

Zi nc , . „ . . . — . . 31

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