NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The...

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NOVEMBER 1940 SURVEY OF CURRENT BUSINESS UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON VOLUME 20 NUMBER If

Transcript of NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The...

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NOVEMBER 1940

SURVEYOF

CURRENT BUSINESS

UNITED STATESDEPARTMENT OF COMMERCEBUREAU OF FOREIGN AND DOMESTIC COMMERCE

WASHINGTONV O L U M E 20 NUMBER If

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The Complete

Bureau of Mines

Official Record of

Mineral Product ion in

the United States

ORDHK NOW!

,oi,k-> n\Av hi ohTanu-

t-rniiifiit P r in t ing OfiiCe

Washingio« ' •*» , I ) . ( .

V l I

-I ' .'

'• ) l , . ( ] K 1 '

Bit i win of M hies

1

4 < . I - r m ? ! ' , ! , '

_s YEARBOOK1940

Reneit of 1.959

PRfCr * ^

t \ v • .in eu-iiomic review and

• •rrv «)} HJC United States in

ai.Mun, w'TiSumption, prices,

iksinon^ and international

• u n .lie.*;'! commodities. It

j!u!i!- tr\ 'urrJshed through

- ( " •! f):vision, [n response:>icip 'sr providing adequate

i d^iLi:-,. :htr new Yearbook

i :\- j ' . • i i rlic more impor-

..( ..,.•! i i whole or in large

»'i n«;.J rf\>ub metal produc-

!*h MIM! <taristics for 1939

pr.^cin-. the results of an

AV\ tiirr.>is Complete final

it*-HI the uitire volume with

:•:tiiri;iou -> coal, petroleum,

fiicM.1 Chapters contain ade-

i.1!^! J)

U N I T E D S T A T E S D E P A R T M E N T O F T H E I N T E R I O R B U R E A U O F M I N E S

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UNITED STATES DEPARTMENT OF COMMERCEJESSE H. JONES, Secretary

BUREAU OF FOREIGN AND DOMESTIC COMMERCEJAMES W. YOUNG, Director

SURVEY OFCURRENT BUSINESS

A publication of the

DIVISION OF BUSINESS REVIEW

M. JOSEPH MEEHAN, ChiefMILTON GILBERT, Editor

Volume 20 NOVEMBER 1940 Number 11

CONTENTS

skw M»«mPage

ales, 1934-40.Page

•euk in n'.-v, order*,* pro-iucium rL-.e.

SPLCI \L ARTICLEstore sales

37 '

CHARTS— M )iHh!y busines > Indicators, 19 46-40

e\es oi the value of construction contrui (j " **ted for seasonal variation,

v h.)les«!" prires of _'H basic c")nru')(of apparel \\o-»i i*onsi<nintion, adjust!40 " '

itli-s VJ—10.

json.il

10

doli -»nal

•v or reval>!e 44aiilo 4-1"able 45,able 46able 47

48able 4'/able r>Uable 51.able 52.nthly I

STATISTICAL DATAised series:— Paper «—Construction cost indev. >.-—Steel products—production ior siile.—Wholesale price of fuel oil, Pennsvlvani.i.— Secuiities elective under the Securities Act of

I'M o-40

1213141415161618181819

eneral Index , Inside back cover

—Operating data of t "lesin.ii:Sl f l<ilass.— Shipments of

— iVder.il r^ceif.— Index <ff reraii prices of f.>.—Klectric ranges-—billedusiness Statistics

le r s .h and cable carriers

Jit ures.

Subscription pries of the monthly and weekly issuei of the SURVEV OF CURRENT BUSINESS $2 a year, Single-copy price: Monthly, 15 centa; weekly, 5 centi.Foreign subscriptions, $3.50. Price of the 1940 Supplement is 40 centa. Make remittances only to

Superintendent of Documents, Washington, D. C.

270803—40 1 1

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SURVEY OF CURRENT BUSINESS November 1940

Monthly Business Indicators, 1936-40INCOME PAYMENTS * INDUSTRIAL PRODUCTION *

100

90

80

70

60

(1929= 100)

m > i11 ( ,^*8***\^ 1

| |

m^—^.

_ _ J ; , , „ ! I ! l , , , , , , , , .1936 1937 1938 1939 1940

4 0

20

00

r~>

60

FACTORY EMPLOYMENT AND( 1 9 2 3 - 25 = 1 0 0 )

- - - - - - - ' - • - - j — • •— —

PAYROLLSl

-— 4

\ 0&^^FACTORY EMPLOYMENT

"".AC TORY PAYROLLS ^y***?

w j

i

i i 1 1 i I I 1 1 1 i 1 I ' . 1

1936 1937 1938 1939 1940

120

100

8 0

60

4 0

FREIGHT( 1 9 2 3 - 25 = 100)

* ^

M i M

CAR LOADINGS T

I !! i

| !

\ \

1936 1937 1938 1939 1940

DEPARTMENT STORE SALES *I 10

100

90 —

80

70

(!923 - 25

_ _ _ _ /

I I I I I ! ! M | |

= 100)

VV

M M l ! ! M M 11 i 11! i 11ii ! ! 1 1 1 1 M I I I

140

120

SOO

80

60

(VOLUME, 1935-39= 100)

/ \

i l M 1 1 i <; 1 1 1 M l 1 I 1 i l I M

1936 1937 1938 !939 !940

150

100

50

0

(1935-

/ •

J

i I I i i 1 i

IRON AND

39= 100)

\

ii I I i I I i i i ! M

STEEL

,

PRODUCTION

i !

~ AT

j , !,.,.1936 1937 1938 1939 1940

^00

150

100

50

0

PRODUCTION

1935-39=100

1• j

i._

: : | I j . ,

O F NON-FERROUS

i - • 1 - I ' i i , i , i . 1 1 1 1

METALS AND PRODUQS

1 J< *

U-\- ii !

_LJ_

1iiI

1936 1937 1938 1939 1940

bO

140

120

100

8 0

PRICES OF(1926 =100)

Af V

\i

, , . , , , !

350

A !—

M i l !

INDUSTRIAL

ml i . n i i .

STOCKS

\J

1936 1937 1938 1939 1940 1936 1937 1938 1939 1940

* ADJUSTED FOR SEASONAL VARIATIONS OQ. 4-0-

Figure 1.

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November 1940 SURVEY OF CURRENT BUSINESS

The Business SituationIN THE past month the record of business was

still one of continued expansion. Informationrecently available indicates an acceleration in the tempoof the upswing during September and October. Indus-trial production passed the previous record high of lastDecember with an unusually sharp advance in neworders pushing backlogs to a point which assuresfurther manufacturing expansion through the wintermonths, after allowing for the usual seasonal changes.

The rise in income payments has been quickenedby the substantial increase in employment, and thisenhanced buying power is being reflected in a largevolume of consumer purchasing. Activity in the con-struction industry is at a peak for the decade, indicativeof the firm basis of the current upswing. Electric-power output has reached a new record, and freighttraffic, though under a year ago, is moving in good vol-ume. All these signs of advancing economic activitypoint to the fact that the stimulating effect of the de-fense program is penetrating to all areas of economic life.

Year's Peak in New Orders.

The increased pace of the business upswing is signal- }ized by the substantial gain in new orders received bymanufacturers in recent months. A sharply advancedflowr of new business in September raised the Depart-ment of Commerce new-orders index by 26 percent overthe August figure. Primarily reflecting a general moveto lengthen commitments, although also swelled by theincreasing tide of government orders, the Septembervolume of new business equaled the peak of the buyingwave of last fall made in September 1939.

Every major industry participated in the increasedflow of new business in September. The durable-goodscomponent again set the pace with a 30-percent gain,the index rising from 163 to 212. In the recovery fromMarch through September this index has approximatelydoubled. Substantial gains were reported by firms inthe iron and steel industry, by producers of advancedsteel manufactures, copper producers, railroad-equip-ment builders, and by most branches of the machineryfield. New orders for iron and steel and their productswere far above those for any other month since October1939. In the electrical-machinery trade, incomingbusiness was at a new high for the war period—almostdouble the figure of a year ago—while in other machin-ery, the year-to-year comparison showed a gain ofabout 40 percent.

The general recognition that some firms were heavilybooked with defense business and that a near-termdelivery problem might arise also brought a substantialincrease in new orders for nondurable goods. Incomingbusiness in the nondurable-goods industries had ad-

vanced only moderately during the year to date, theindex rising from 105 in April to 108 in August. A gainof over 20 percent in September, however, carried theindex above 130. The largest gains in nondurables inthe month were reported in paper, chemical, and, aboveall, textile industries.

The advance in manufacturing operations against theheavy backlogs which have been accumulated in recentmonths led to an abrupt rise of shipments in Septem-ber, the index of total shipments rising from 124 to 144.The magnitude of this increase is partly attributable tothe seasonal pick-up in the automobile industry; but,even excluding automobiles, deliveries in the monthwere 12 percent higher than in August. The gain wasabout equally distributed between the durable andnondurable goods industries. Shipments of durable-goods in September exceeded the peak volumes of thefall of 1939 for the first time this year, and the non-durable-goods industries equaled the high point reachedlast September.

Despite this substantial rise in shipments, the flowof new orders in September was sufficient to bring afurther and marked increase in unfilled-order backlogs.Continuous increases in the backlogs of durable-goodsindustries from May through August had raised unfilledorders by one-third. At the end of August, unfilledorders were more than four-fifths above the pre-warvolume. A further gain of almost 20 percent wasreported for September. This increase was somewhatinflated by a record volume of copper buying; nonethe-less, the iron and steel, machinery, and railroad-equip-ment industries all reported increases in unfilled ordersof about 15 percent.

Inventories Increase Moderately.

An increase in new orders of September's magnitudemust obviously derive from a widespread attempt tocover future requirements for a longer period, as isindicated in a recent report of the National Associationof Purchasing Agents. The data as of the end ofSeptember, however, do not show any significantincrease in inventories. Manufacturers' stocks roseby little more than 1 percent in the month, and thebulk of that increase may be accounted for by a sea-sonal expansion in the automobile industry. A moder-ate rise in the durable-goods industries was in largopart offset by a decrease in the nondurable field,While larger inventories were shown for all durable-goods industries except nonferrous metals, the increasein no case appeared to be greater than that requiredby current expansion of manufacturing operations.

Moreover, available data do not reveal appreciableinventory accumulation at the higher stages of the

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SURVEY OF CURRENT BUSINESS November 1940

distributive process. The Department of Commercereport on wholesalers' inventories shows only a frac-tional change from August to September, with theSeptember volume only 2 percent higher than that ofApril. In the retail field, the adjusted index of depart-ment-store stocks rose but 1 point in September, andin that month stood above the April figure by the sameamount.

Thus, while orders have been placed in sufficientvolume to yield an inventory increase, such a move-ment is not as yet under way. Moreover, because ofnear-capacity operations in many industries, it is notapparent that output can be increased over currentlevels to an extent sufficient to produce a sizable risein inventories. There is still considerable unusedcapacity, particularly in consumers' goods, but thegreatest pressure of demand for longer coverage aheadis not being felt in those branches of industry. There-fore, such inventory accumulation as may eventuate,provided it is not induced by or does not itself inducea rise in prices, should give little cause for concern, inview of the enlarged demand which will be forthcomingwhen the defense program is in full swing.

Further Production Rise,

Heavy orders and mounting backlogs have stimu-lated a renewed advance of industrial production duringthe post 2 months . After a sharp spring ri<o v\hiehlifted the Reserve Board's index from 111 in April to121 in June, aggregate output hold steady throughAugust wlih allowance for seasonal factors. But Sep-tember witnessed a marked increase as (he index roselo J25, and with a further rise already evident forOctober it appears tha t industrial production movedinio new high ground, surpassing the previous high ofI2t> for December J93D. hi September, the durable-goods com]) ment had alrendy exceeded 'me Decemberpeak.

Stool-ingot production pressed forward lo the hi:rho-tweekly tonnage OIL record, as oulp'it was M-hoduled al1,lGi)/>52 ton** for the week ended November 2. For(lie month as a whole, r rodm rAH\ iiKTeuM-d \t, [)V> per-cent of capacity, from 02 :x month v-jriier and 87 ii(

Vugusl, bettering the industry's ;>ivviou-' jnonthlv peak:uad'4 in \ovomL<T VJIV.K Orders c<»i:t UHI'M; M> r\:iahead of product i«>-i.

In i'isf-:>iise, to the, >ioeds of iho sfee! i n d ^ t r v , ore°arioudl!y.is and lake fraU'e \\»M*O I'lainhunou Jiirj'U'1 liirmonth at about iho, Sopt-'-mbor lov( !, For:* addilionalbla-t iv>-u:\i'i< in 1 lio Great La;;:-, a n a v-<-iv bL)\\j. in,:>(>ostir.ir rho total of active furn.-JvVi deprndhr.; onLak'1 Superior iron to 109 as of October 1, a g a l ^ i 137a year previously. Copper and zi :o shipineiif^ inOctober continued high, though umK-r September vol-umes. Brass and bronze manufacturing in September,st imulated by growing exports, expanded rapidly andcontinued in uood volume in the following month.

Automobile assemblies were accelerated to more than22,000 units daily in October in the industry's quickestchange-over to a new model. Weekly production atthe end of the month passed 117,000, up from 96,000at the end of September. With the return of theautomobile industry to full-scale operations, the outputof durable manufactures in October was, by a substan-tial margin, at the best rate in the period of 22 yearscovered by the Federal Reserve index.

Under the stimuli of the defense program and Britishdemand, activity in the machinery manufacturingindustries was quickened in September. A furthergain was indicated for October, though capacitylimitations in important branches of the industry andnormal seasonal increases will tend to damp any more-than-seasonal development in the immediate future.In September, lumber footage was increased 7 percent,and the expansion was carried forward in October.Production of stone, clay, and glass products, as wellas structural steel and other building metals, alsoincreased in the last 2 months.

The October gains were not limited to the durable-goods industries. The improvement in textiles in themonth was no less marked. The textile situation is dis-cussed in more detail below. Manufactured foodstuffsreversed the downward trend of September. Paper andpaperboard production turned upward in October butremain substantially below volumes of last October.During the fall months the shoe industry showedevidence of recovery from its spring and summerslum]).

Only two major industries ran counter to the generaltrend- bituminous coal, off conspicuously, and crudepetroleum, moderately lower in the month. Bitumi-nous-coal production did not dip to the usual degreethis summer. In anticipation of the adoption of mini-mum price schedules, originally set for September 3and finally adopted October 1, coal inventories wereaccumulated. The downward movement in crude-petroleum production was less pronounced; output inthis industry has moved erratically during the pastyear.

Electric-power consumption in October affords anover-all indicator of the persistent upward movementduring the period. New all-time power records wereestablished in the final weeks of the month as outputpassed the 2.7 million kilowatt-hour mark.

One- apparent exception to the general business per-formance of the month was a level of carloadingslower than those of a year ago. Carloadings for theweek ended October 26 were 838,000, which comparedwith 856,000 for the peak week in October 1939. Thisdifference was almost entirely the result of a declinein coal shipments stemming from the lower coal pro-duction reported above. Other carloadings were higherthan those of a year ago. The miscellaneous classifica-tion, which gives the best indication of the rail move-

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November 1940 SURVEY OF CURRENT BUSINESS

merit of manufactured products, has consistentlyexceeded the 1939 volume. The volume of miscellane-ous freight has been advancing steadily over the pastseveral months in conjunction with the rise of generalbusiness activity.

Construction Activity Maintained.

Construction activity in September and October con-tinued al the high rate of the previous - m o n t h sContracts reported for the Hrst half of October woresomewhat loss than in the same period the pivviousmonth, but the announcement of laru'e defense awards,coupled with an increased volume of private contract.-in the middle of the month, was expected to briim thetotal up. While September contracts of S.'Ms.000,0(10in ->7 States represented a decrease of more thanSO"*,000,000 from the record August volume, the tola!was still Itu'ge eiumgh io make September one <>f thes«-\en largest contract mouths of the pa>t decade.

The decrease from August io S'-piemha* wa- in lur<j;emeasure accounted for by ?• decline of *~>\ .000.0(J0 in])ub]ic construction awank a eomponent which nun.vary rather widely from iJi,>T11h to month b<ie;iu-v thecontracts awarded uihicr ihe national defense programare let at irregular intervals and are often for largototal amounts. The stimulating effect of the nationaldefense program was clearly evident in the awards forcommercial and factory building :vnd for residentialconstruction, boih of which ahoui equaled their iveordAugust totals. \Yh«-n it U recalled tlial residentialawards of *1 r jMMUXM) in August were the highc-tsince July 1929, it is ap])aront thai this type of con-struction has reached a point where its magnitude is afactor of considerable strength to the general economicsituation.Income and Employment.

Kising ))roduction and eniploynient carried incomepayments to the highest mark of the decade duringSeptember, and it is apparent that the rising trendcontinued through October. September income1 pav-nienfs totaled So, -140,000,000. ns oompaivd with$r>,7S7,OOO,OOO in August and $0,02.">,000,000 in Sep-tember of last year. This is the largest percentagechange4 over t\\c corresponding month a year ago yvt;recorded this year. Tho advance was shared bv allincome groups. Income from salaries and wairos.which constitutes approximately two-thirds of totalincome, reached -SI,01 1,000,000, an increase of 1 percentin tho month, on a seasonally adjusted 'oasis, and 7percent greater than that of September 1030.

The rise in income payments since April resultedin an aggregate of $5:1.902,000,000 for the first 9 monthsof the, year, 5.7 percent more than for the same periodlast year. Virtually every industry contributed to therise. Salaries and wages in commodity-producingindustries advanced 11 percent from April to September

after seasonal adjustments, while pay rolls in the dis-tributive and service industries increased 4 percentover the same interval. Government pay rolls re-mained unchanged over the same months, a moderaterise in nonrelief employment being offset by a drop inwork-relief wages.

Farm income again turned upward in September after| declining in the late summer months. The index of. cash income from farm marketings rose )> points inI September to roach a level of 74 (1924-20 = 100), only• slightly in excess of that in the corresponding month ai year ago. Some of the monthly gain was attributed to; unsea-onal shifts in the, volume of marketing duo to• lateness in the harvesting of certain crops. flowo\er,; it is noteworthy that farm prices continued their mod-

orate increase in September and October after their

; irregular decline from the beginning of the year to Au-: gu.-t. Si'ice crop production i- estimated to ho mod-• eraiejy higher than in 10'>0 and exporN have born -ori-.

(VALUE. IS? 3 - 25 - ! 0 03-MONTH MOVING AVERAGE)

2 01936 1937 1939 1940

i'Uiiv .?.—-iT<fk-\i-s of the Valuo *>? Construction Contracts Awarded in 37Mutt's, UljuKtcri for Seasonal Variation. I'Mft—lfl (ISoard of Cimornors ofI'm !-"ci!or:;l Reserve S\stom>.

<»u>ly cor;wilod, iho price i;d\ance was largely a reflec-tion of increased d(»me^tic dc^manrl steinniin^1 from risingha-ine-s activity, thouirli the loan and purchase pro-ura.sis of the (rovornnient did much to i\\u'uiarizo thot!ow of cc»mmodili<is into markets. The drop in exportshas MTinu-ly ad'ectod tlw marketing of only a few-major crop*--, cotton and tofiacco 1 >oin**; iho mostimportant.

The Bureau of Agricultural l^ocuiomics now expectsfarm income to }>o #0,000,000,000 in 1040, as against£S,."> 10,000.000 in IWW, This was surpassed only oncesince 1020- in 10o7, wln^n income was $0,111,000,000.

Nowhere )\i\< the sharp increase in hu^ino-s activity\)rcn more t vidc^nt than in the increased industrialemployment of the past several months. More than('•00,000 persons were added to nonau'i'icultural pay rollsin September, following an increase of 400,000 inAu<j"u*t. Since February almost- 2,000,000 personshave been added to total employment in nonairriculturalindustri(»s. The adjusted index of factory employmentadvanced from 00.2 in April to 10,'J.f) in August and to104.8 in September1.

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6 SURVEY OF CURRENT BUSINESS November 1940

Pay rolls also rose in September with a gain exceedingthe usual seasonal increase fivefold, September payrolls in nondurable-goods industries topped those of lastyear by almost 5 percent, in spite of a very small declinein the number employed. Durable-goods industries, ofcourse, registered much larger advances. The highoperating level of many industries has lengthened theaverage work week and increased the payment of over-time wages, both of which have expanded pay rolls.

Some indication of the direct effect of increasedmilitary expenditures here and abroad on employmentin our primary defense industries is shown by thefolio win £ table:

Industry

Estimated! number ofj wage earners

September1940

Increase in !September j

1940 employ- |ment over av- Ierage in 1937 I

Percent in-crease in Sep-tember 1940employmentover average

in 1937

Aircraft . . . . . . . . . . 108,400Shipbuilding . . . . . . . _ . . . . . 103,000 !Machine tools j 69,600 IEngines . . . | 58,000 ;Aluminum manufactures j 30, 000 ]Explosives j 8,700 i

+84,400 |+40,700 |+22,400 i+25,100 i+6,300 !+3,300 |

+351.7+65. 3+47. 5+76.3+26. 6+01. 1

It is estimated that employment in all our primarydefense industries increased 203,000 in the 12 months

AUGUST !939 = 100

40

20

100

80

1 \ i ISA

1936 1937 1938 1939 I94O

Figure 3.—Index of Wholesale Prices of 28 Basic Commodities, 1936-40(U. S. Department of Labor, Bureau of Labor Statistics).

NOTE.—Daily figures, August 1939=100. Data shown are for Thursday each week,January 2, 1936, through October 24, 1940.

ended in September. At the same time, employmentin industries which are engaged primarily in supplyingcivilian needs but also furnish, semifinished products fordefense industries, such as steel and chemicals, rose268,000. The rate of expansion in these primary andsecondary defense industries has been greater than thatin industries devoted solely to the satisfaction of civilianneeds. Nevertheless, the magnitude of the indirecteffect of defense spending is partly demonstrated by theincreased employment of 507,000 in manufacturingindustries which produce largely for civilians.

Active Consumer Purchasing.

Consumer buying continues at the high volumewhich might be expected to result from near-record

employment, though probably a little under the Augustlevel. Dollar sales of department stores since Augusthave averaged higher, on a seasonally adjusted basis,than at any time since the first half of 1931. In termsof physical volume, trade at this time presents an evenmore favorable comparison with earlier peaks. Thepronounced upward impetus which lifted the depart-ment-store index to 99 in August and September,moderated somewhat in October, But the state ofdepartment-store trade in the past 3 months is indi-cated by the more-than-seasonal gain of nearly 7percent from June and July of this year, and the im-provement over August-October 1939 of about 8percent.

In common with other retail divisions, rural sales ofgeneral-merchandise and variety-store sales expanded inSeptember, but measured against the usual seasonalpatterns for these series, both indexes lost ground.The rural index receded from 146.0 in August to 127.8in September, since the actual increase of about 13percent failed to equal seasonal expectations. Thevariety-store index for September, seasonally adjusted,was 108.1-—down one point from August to reflect aless-than-seasonal gain of more than 8 percent in actualsales.

Retail sales of new passenger automobiles werenecessarily low in August and September as the auto-mobile industry shifted assembly lines to the newmodels; but October brought a sharp recovery. Anestimated 225,000 cars and trucks were sold in the first20 days of October, against 194,000 in the entire monthof September. New passenger-automobile sales in 9months through September were 528,000 units aheadof 1939, and the new models have met with activebuying which promises to lift total sales for the yearwell above the 2,724,000 of 1939 and close to the3,496,000 of 1936.Moderate Price Rise.

October witnessed a continuation of the gradualupward movement in commodity prices which has beenunder way since the middle of August. From 105,5 inthe middle of August, the index of 28 basic commoditieshad risen to 113.6 by the end of October, 37 percent ofthe gain taking place during the latter month. Thisincrease carried the index more than a third of the waytoward last fall's peak of 127.2. Both import anddomestic commodities participated in the October rise.Most metal prices have risen since August. Steel scrap,copper, and zinc all moved upward in September, buthave shown little change in October. Lead and tin,on the contrary, increased during the latter month, therise in tin still being small.

The price advance among sensitive commodities hascontinued to make only a small impression on the morecomprehensive indexes, either directly or through theireffect upon finished goods. The Bureau of LaborStatistics wholesale price index of 863 commodities

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November 1940 SURVEY OF CURRENT BUSINESS

duplicated its half-point increase in September andclosed the month at 78.6 (1926 = 100). Thoughindexes of finished industrial prices, cost of living, andretail prices all have shown moderate increases, theydemonstrate that there has not been an importantgeneral price movement during the current upswing.Exports Lower in September.

Exports of United States merchandise in Septemberdecreased to $288,000,000, a decline of $54,000,000 inthe month.. Trade with the United Kingdom alonewas off $23,000,000, of which more than half is attribut-able to smaller aircraft shipments. Inasmuch as spe-cial factors may explain shifts of considerable magni-tude from month to month, not too much significancecan be attached to such short-period changes. A largepart of the September decline was concentrated in thosecommodities which have increased sharply during thewar period.

While a number of influences are at work tendingto retard exports of certain commodities and exportsfor cor tain countries—embargoes, our own defenseneeds, and the difficulties in the way of rapidly in-creasing production—the basic factors point to ex-pansion rather than contraction in our foreign tradeso long as the requirements of British Empire coun-tries for war materials are immense. Hence it isapparent that a significant part of the September de-cline results from lack of supply or irregularities indeliveries, rather than lack of demand.

Xo less striking than the aggregate decline in exportswas the fall in general imports from $220,000,000 inAugust to $195,000,000 in September, continuing amovement initiated the previous month. Receiptsfrom Europe fell to less than $16,000,000, the lowestpoint since the beginning of the war. Imports fromthe United Kingdom, Japan, China, Turkey, and theLatin American countries were all lower. It is ofinterest that the major items imported in larger volumein September were five strategic and critical materials.Rubber imports reached the highest figure of record,at 176,000,000 pounds valued at over $30,000,000,rellecting increases both in governmental and privatestocks. Imports of tin were the highest on record,exceeding 32.000,000 pounds, part of which flowed intothe governmental stock pile. Copper, nickel andalloys, and wool were the other major commodities toshow an increase in the month. On the other hand,imports of the 24 other strategic and critical materialswere off in September.Financial Developments.

Stocks fluctuated within a narrower range duringOctober than in September, although they were moreheavily traded. Following the decline in the forepartof October, quotations worked gradually higher anddisplayed notable strength in the final sessions of themonth. The Dow-Jones averages of industrial, rail-

road, and utility stocks, however, closed the monthstill somewhat below rally peaks recorded during Sep-tember and early October, although the combinedDow-Jones average, fractionally above that in earlyOctober, was the highest since May.

Developments in financial markets during recentmonths have continued to involve larger additions tothe supply of bank credit than increases in the demandfor such credit, although the difference between thegrowth of supply and demand is smaller than it wasduring the first half of the year. Gold imports stillhave been the major source of added bank credit, thenet inflow for the year to October 23 reaching the recordhigh of $3,600,000,000. However, since May, gold im-ports have been partially offset by increases in Treasury(and foreign bank) deposits with the Federal Reservebanks, an increase in the volume of money in circula-tion, and a decline in the volume of Government securi-ties held by these banks. As a result, additions of$2,124,000,000 to the monetary gold stock from foreignsources during this period brought about an increase ofonly $933,000,000 in member-bank reserve balanceswith the Federal Reserve banks. Further expansion ofloans and investments resulted in only $580,000,000 ofthis being added to excess reserves. Member-bankreserve balances are now at the record level of $14,-148,000,000, of which $6,940,000,000 constitutes excessreserves.

During the first 9 months of the war, sales of foreigngold to the Treasury appear to have been relatedchiefly to current demands for dollar exchange, andconsequently foreign official balances in this countryevidenced no marked change. Additions to the mone-tary gold stock of $2,464,000,000 of foreign gold inthis period found their counterpart in increases of$2,319,000,000 in member-bank balances, and of$75,000,000 in foreign balances, with the FederalReserve banks. In recent months, however, substan-tial amounts of the proceeds from sales of gold haveremained in foreign-deposit accounts with the FederalReserve banks and have served to increase the totalvolume of such deposits to the record level of over abillion dollars in October, as compared with about$450/300,000 at the beginning of June. To the extentthat funds have accumulated in accounts with theFederal Reserve banks they represent the proceeds ofgold sales to the Treasury which have not been paid outinto the market and thus have not served to increase thevolume of member-bank reserves. Much of the remain-ing gold import has gone under earmark, $613,000,000having been added since the beginning of the year tobring the total on November 1 to $1,776,000,000.

Since June the Federal Reserve banks have de-creased their holdings of obligations of the FederalGovernment by approximately $ 133,000,000, eitherthrough sales or by allowing their holdings of Govern-ment bonds, notes, and bills to mature without making

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8 SURVEY OF CURRENT BUSINESS November 1940

replacements. Other factors operating to retard thegrowth of excess reserves have been the increase ofTreasury deposits with the Federal Reserve banks, andthe rising volume of currency in circulation. Thedemand for the latter has been stimulated by increasingbusiness activity and the concurrent rise in pay rollsand retail trade, as well as by net exports of currency.Between October 1939 and October 1940, currency incirculation increased about $900,000,000, standing atthe new high level of $8,226,000,000 in the latter month.

The inflow of gold has been reflected in the weeklygrowth of demand deposits reported by the memberbanks, and, in the absence of a sizable expansion ofloans, the growing volume of idle bank funds has beenpartially utilized by the reporting member bank's toexpand their investment portfolios.

The business demand for bank credit showed onlyminor and irregular fluctuations during the first 8months this year. The industrial decline from De-cember to April and subsequent expansion throughAugust appeared to exert comparatively little influenceupon the- volume of outstanding bonk loans. Since thebeginning of September, however, the demand forbusiness loans has been more active, as indicated by anincrease of $283,000,000 in the commercial, industrial,and agricultural loans of weekly reporting FederalReserve member banks during the S weeks endedOctober 23. The total was 84,740,000,000 on this date.compared with $4,202,000,000 a year before and$4,416,000,000 in the highest week last December,when industrial production reached its 1939 peak.

in October improved business sentiment, high pricesfor outstanding bonds, and the low level of now financ-ing of preceding months contributed to increase the sizeand frequency with which new bond issues were offeredto the public. Although the financing was con lined,primarily to refunding outstanding issues of public-utility companies, a large portion of the financing wasto meet the requirements of States and municipalitiesfor new funds.

Textile Survey.Wool.-—Recovering from a let-up earlier in the year,

mill consumption of apparel wool has increased mark-edly in recent months. In the first 0 months of 1940,consumption amounted to only .121,109,000 pounds,scoured basis, compared with. 133.083,000 in the corre-sponding period of 1939. In July of this year, however,the Reserve Board's adjusted index of apparel-woolconsumption reached 113 (1935-39-----100), having ad-vanced from 88 in June. Although the index droppedto 108 in August, it jumped again in September to anew high for the year of 137. The decline in Augustprobably resulted from the fact that the timing ofrecent government orders has not conformed to theusual seasonal pattern of the industry.

Between July 1 and September 14, Army awardstotaling 19,854,000 yards of cloth and 2,146,250 blankets

were made. On October 9, bids on 2,200,000 blan-kets were opened, while on October 10 proposalscovering 17/750,000 yards of cloth were issued. Whencontract awards covering these requirements havebeen made, Army purchases of wool fabrics since July1 will total 37,600,000 yards of cloth and 4,346,000blankets. The importance of Army buying in suchvolume is evidenced by the fact that for a group offirms covering half (or more) of the total productionof the industry, Government orders awarded betweenmid-June and mid-September amounted to 49 percentof the new business in men's-wear fabrics. Unfilledorders for men's wear at the end of September amountedto 312,000,000 yards (about 17 weeks' production at therate averaged during September), of which 1.2,800,000yards, or 40 percent, consisted of Government business.At the end of September 1939, Government businessrepresented only 2 percent of men's-wear orders onhand. It is noteworthy, moreover, that the abovecomparisons for 1940 do not allow for the large volumeof Government business involved in October proposalsand awards. It is certain that Government clothorders now on. hand will influence the level of activitywell into the first half of next vear.

1936 1937 1939 1940Figure 4.—Index of Apparel Wool Consumption, Adjusted for Seasonal

Variation, 1936-40 (Board of Governors of the Federal Reserve System ).

Wool imports and prices are beginning to reflect theoutlook for domestic consumption during the next fewmonths and the related factor of supplies. As of Sep-tember 1, the Bureau of Agricultural Economics esti-mated total wool supplies in the United States (includ-ing 1940 wool then unshorn) at 450,000,000 pounds,grease basis, a larger amount than that on hand a yearearlier, but not likely to be adequate to meet the de-mands of continued high domestic consumption,Imports of raw wool for consumption rose from10,099,204 pounds in August to 21,830,654 pounds inSeptember, and further increases are likely to occur;following the heavy buying wave in late 1939, woolimports for consumption reached 45,082,000 pounds inJanuary of this year, and mill consumption alreadyexceeds the peaks of a year ago.

Raw-wool prices have strengthened steadily sinceearly September. Wool tops at New York advancedfrom $1.03 per pound, spot, in the first week of Septem-ber to $1.29 on October 25. Territory fine at Boston

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November 1940 SURVEY OF CURRENT BUSINESS 9

advanced from 8/ cents in early September to $1.0S on()ctol)er 2o, and this price held for the rest of themonth. The. projected storage1 in this country of250,000,000 pounds of British Empire wool is expectedto have little effect on the domestic trend of raw-woolprices, since this wool would have about the same in-fluence in the market whether it were stored here or inAustralia and Xew Zealand. It should, however, dis-pel any fear of shortage arising from shipping difficulties.

('alti)ii. --Despite indications early in Julv that thecotton-textile industry might experience some curtail-nienf in operations, at least until the defense programirot into full swing, it actually advanced in that month,while mill consumption of (>")4,.")()3 bales in August and0."»<.».2")'J bales in September broke all records for each ofthose months. Daily average consumption of 31,1X3bales in September exceeded that of August by f> per-cent, but as this did not equal the normal seasonal in-crease, the Reserve Board's adjusted index of cottonconsumption fell 4 points to 120 (1935-3l)~~-100) inSeptember. The September figure nonetheless repre-sents a considerable rise from 107 in April. Averagemonthly consumption for the first 9 months of 1940 was640,821 bales, higher than that of the correspondingperiod for any other year except 1937, Consumptionfor the year as a whole will probably set a new record,for mills now have comfortable backlogs and operationsare being advanced; whereas in. 1937, the record year todate, output declined in the latter half of the year, withconsumption averaging only 479,831 bales a month inthe final quarter. Consumption in the final quarter ofthis year need average* only 550,202 for the vear's con-sumption to equal that of 1937; average consumption inthe final quarter is likely to < XC(»(MI materially the figureindicated. The Bureau of Agricultural Economicspoints out that cotton consumption by domestic millsin the crop year 1940 41 may well exceed the total ofnearly 8,000,000 bales recorded in the crop year I93(j 37.

So fur as recent cotton prices are concerned, the highlevel of domestic mill activity has been offset by therecord low level of cotton exports and the revision up-ward of the estimate of the 1940 crop. The 10-market average spot price dropped steadily from 10.73cents a pound on June 29 lo 9.07 cents on October 1 1.and only slight lirming tendencies were in evidence inthe la Her half of the month. ( loth prices, on the otherhand, continue to strengthen; 3812-inch, (J4 by (>0 printcloth, 5.35 yards to the pound, sold at 4;\| cents a yardthroughout most of July and August, but was sellingat 5 l

4 cents in late October after averaging less than 5!in September. Most constructions have been influencedby the price-strengthening tendencies.

Sill- and rayon. Domestic consumption of raw silkhas increased somewhat since* June; net deliveries tomills (reexports deducted), which amounted to the verylow figure of 15,822 picul bales in June, totaled 24.5(>8

270893—40 2

in September. "Even after correction for a seasonalupturn, there has been an increase in the level of silkoperations, as indicated by the continuous rise in theReserve Board's adjusted index from 50 (1935 39—100)in June to 00 in September. However, these gains still

| leave mill takings comparatively low; gross deliveries ofI 213.503 bales in 9 months of 1940 were 20 percent underI deliveries in the corresponding period of 1939. itself a| year of reduced silk consumption For many years,| declining use of silk for nonhosicry purposes ha< beenI partially offset by increased production of silk hosiery.| For example, net silk deliveries of 357,842 bales (re-j exports deducted) in 1939 were X percent lower than| those of 193X, while hosiery production was 12 percent! larger. Hosiery production through August of 1940,I however, wa< 7 percent lower than that of the January-I August period in 1939. Moreover the amount of raw! silk used in hosiery production declined 17 percent he-

200 (1935-39=^ 100)

1936 1937 1938 1939 1940; Figure 5.—Indexes of Silk and Rayon Deliveries, Adjusted for Seasonal; Variation, 19/56-40 (Board of Governors of the Federal Reserve System).

tween these two periods. The irreater decline, of silk inhosiery is undoubtedly due in part to the advance of

'• new synthetic fibers suitable for hosiery production,I notabh nylon. But it also is attributable to the in-• creased use of nonsilk uppers in hosiery that followed( the drastic rise in raw-silk prices last year.I The price of raw silk advanced sharply from late• September to mid-October, holding for several days atI peaks not >r^]i since May of this year, in response to; ^ome fears in the t rade concern ing the a v a i l a b i l i t y o f

future, supplies. Prices declined a pi in after October 15,however. Japanese raws. 13-1") denier, sold at $2.00to S2.05 a pound on October 1 5 and at £2.5s lo -S2.i)3

: at the end of the month.: .Deliveries of rayon filament yarn rose from 32,70(1.000, pounds in July to 35,400,000 pounds in August, much', less than the usual seasonal advance for that month.! There was a eontrascasonal decline to 30,800,000 pounds; in September. August and September operations were! affected by souther.! floods, which closed a number of: rayon-producing plants temporarily. As September; production was affected by an industrial dispute in the; largest of the plants producing acetate rayon yarn,| settled by the end of the month, output in October has• undoubtedly turned upward.

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10 SURVEY OF CURRENT BUSINESS November

Index of Chain Drug Store Sales*

THE index of aggregate sales of chain drug storespresented in the accompanying table and chart

is based on data supplied by a large and representa-tive sample of firms operating in this field.1 The indexis one of the retail-trade series which the Bureau plansto include in a comprehensive monthly index of totalretail trade now in preparation.

The series covering chain drug store sales is presentedwith and without seasonal adjustment for each monthsince July 1934, the first month for which these dataare available.

The most striking characteristic of the series (seeFig. 6, page 11) is its relative stability as comparedwith most other lines of retail business. It is also in-teresting to note that the low and high points in theadjusted index are at the beginning and near the endof the chart. The range is from 91.0 in July 1934 to107.6 in August of this year.

The upward trend in this index is, of course, primarilyindicative of the recovery of business from the depres-sion low of 1932. It is also, however, a reflection ofgrowth of the drug store in the retail field.

It is well known that drug stores, notably chain or-ganizations, have steadily expanded the range andvariety of commodities handled and that the relativesale of many of these lias mounted in recent years. Inparticular, there has been a considerable expansion inliquor sales during the period covered by the index inthose States where such sales are legally permitted.The results now available from the 1940 Census ofRetail Business confirm this trend. The retail drugtrade is shown as having made striking advances inboth number of stores and volume of sales.

The wide range of items carried by drug stores ap-parently have offsetting seasonal characteristics sincethe range of seasonal variation is relatively small.Except for December, when the Christmas seasonbrings about a considerable increase in sales, the sea-sonal variation ranges from $}i percent below the aver-age in February to V/2 percent above in October. Forexample, the sale of cold remedies and similar productsare at their peak when other items such as ice creamand cold fountain drinks are at their seasonal low. Itis also to be noted that the cyclical variation in thistrade is unusually small; from the peak in 1937 to thetrough in 1938 the adjusted index declined only 10percent as compared with an estimated decline of 16percent in total retail trade.Source of Data Used in Index.

Monthly releases indicating percentage changes insales of a sample group of chain drug stores have beenpublished by the Bureau of Foreign and Domestic

•Prepared by J. Harold Stehman, Statistical Research Section, Division ofBusiness Review.

Commerce since July 1935.2 This series is one of agroup designed to indicate changes in consumer expend-itures and also to provide store operators with astandard of comparison for their own operating figures.The sample data showing monthly percent changes in.sales now cover a sufficient period of time to warrantthe construction of an index series and adjustment ofthe data for seasonal variation.

AY hen this series was begun two alternative methodsof sampling were available. The first was to secure anidentical group of reporting firms. The second was tosecure a larger and more representative sample foreach month's release —but one which would not beidentical from month to month. The latter methodwas decided upon and the subsequent results havebeen presented in the form of monthly reports showingthe percentage relationship of a given month with theprevious month and with the same month of theprevious year.

Under this method of sampling the number ofreporting companies and the number of stores operatedhave differed in each monthly comparative statementnot only because certain companies fail to report insome months, but also because of more or less con-tinuous sample improvement by extending the numberof firms. Hence, the dollar values were not comparablefrom month to month except as reduced to a commonbase such as average sales per company or averagesales per store. This procedure was found to beunsatisfactory for this series of data. Hence, relativecomparisons were derived for this index by linking thepercentage change data which are available from thechanging sample of reporting firms.

Method of Computing Index.

First, some recent month is arbitrarily set as ion toprovide a base point for establishing the relationships.The corresponding month of the preceding year is thenexpressed as a relative of the base using the year-agochange shown in the report for the base month. Each,successive, month preceding the selected base month isexpressed as a chain relative of the base month usingthe month-ago percentage shown in each publishedreport. The chain drug store sales data were so relatedby using May 1940 as the base month. The relativefor the thirteenth month in the chain coincided exactlv

1 At the end of 1935, short ly after collection of these da ta was initiate*reporting companies were approximate ly two thirds of the to la! chain «:

| busim s> as show n by the J!i:ir> Retail Census. ]J> the end of 19W tin- ]v<por:! had been ex])anded to an est imated coverage of about ?•>."> percent .

2 F rom the- heninmpi: iliese releases h a \ e presented figures by major d« [(fountain, tobacco, and. "all .it her"1 and by geographic regions since J amsince Ma> 19^7 the percentage di>tribut ;on oj sales by de])ar tments has bein each m o n t h ' s release. I'he data in these releases are on an average dbasis and are not to be confused with changes shown by the indexwhich has been computed from aggregate sales figures for the calendar mont l

i, idk

• n f . - i l : - r -

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November 1940 SURVEY OF CURRENT BUSINESS 11

with the year-ago relative of the base month. Gen-erally such coincidence is not obtained b}^ this process.3

From this point each earlier month in turn is com-puted from the year-ago percentage change shown inthe report a year later, and also from the month-agopercentage change shown in the release a month later.Where the two relatives so obtained do not coincidesome adjustment must be made. This adjustmentmay be a simple average of the two relatives or ii n\u\be a figure weighted in accordance with specific knowl-edge concerning the sample, tho observable link withthe next MHTeodinsr month, the relationship with the |stum* month a yea?' later, and Mmiiar consideration-.

B\ t in* process just described the re la t ives were j

extended back t h r o u g h • JuI\ UK51, MIHI also broug i i t up

to date to ob ta in a soiies for whi<-h [he f ho -en ^tart i i i i .1 I

m o n t h w«s the base. The MMMO- \\ «M t l i cp C O I I M T I C I ! i

lo a HK>'~> 10oO ba~c b\ d i v i d i n g th rough 1>\ ihe a \« r - ,

a^e of the r e i a t n e ^ for iho^e \ c i i i v . \

T h e ra t io lo m o v i n g average m<4ihod of .idji iMh-s:

for seasonal f luc tua t ions was UMM! m th is chain d r u .

store sales MTICS. T h e data foi r . - r lam mon ths «_i»\'

i I hi t w o I u i o i ^ m \ ) 1 M d i n I hi \ n d 1 \ a i K ii i non t !i a i im M d ! In -1 i* i \

o i t h o n - p e i ' m ^ <:ioup 1." I h o n - p o i I " ^ J O M ^ I^ u n - i ibl< " d a i k ^ i i I I M k - M ' I U

IT w i u l d i t i :n t o ^( i i ' % t i n r i d ' - m 1. i^v. I - M I I I p t i o n i h I < a h n u n i l ' - I . > ^ i>

n i n o M j i i a t ' \ " I1 . |> \ (n . la M » in io U i i t h ' i n H i 1 i ^ i ' m i i U I I I I I I ' H M M 1 >I ! n

^iiH< the c h a i n d i , i _ O'»nip i i ( > ( i n K p A (. n i l h n . i r Ji Mm t i t 1 ' - • i - M , -t

in .io<] t ( ( (Mint i l \ ( 11 >M i i I 'M ' i l l -) (1 i f I u n a n . ! i i - I M un 1 lo %

C u t , ' ! ,( I! i " i l H > l H ( l l i - ; " h \ M« 111 i l l i - 1 I* < l ' i i > - I, . I V d n ' Is ! i I1 ' •."

H ' - I H U i d c Ui. i 1 n l K i l l l , i ' ^

n | i , H i ' i d ! i J " \ I , M J ) I I M \ . i t 1 i M d • ' i > i ' i t " 1 M i 11 ' I i i i ' l 11 U < i '

I . I T I 1 U\ ! H i I ] , M ( M - l x . \\ ' I I . I d t l u 1 ! > 1 > 1 , . 1 . 1 1 ' I . I " I ( . 1 1 1 , , 1 , . I • «1M 1 11 A < ' l . l i ' C K i ! » \ ' J i ' ( i i ' ' i l l i i t I t ' h i \ \ ' l i H i H 1 I A ( ' » \ ! ' J o\ ' ' . ' ' M i l

v n < ( t ' " d M > O M 1 ) i ( o i ; > c i " » i i o , . i i i M i ' h ' l i I M i m i i ! v * t u i i l \ I h o . I w M f , . } \ \ l u

i ) t t ( ( t i o n N t x , i , ^ I I , i d ( p i . h i i ' \ J U , - , , ' L ' i l i l o d ^ n i . ( t i u i l l \ i t t i c i 1 1 : .• <

i n o t i C . l l ^ , l > h ( i n J M K ' N J * > v ( . w i n t ( i i i ' i , m i ' w , i i ( i ' I h r c n ^ t i M l ' - ) n < ' i n i ' d

l ' \ l l u s n u i h o d i h - t »i L M i " i l l l - o i n M ' N u l ' I ^ • i i n ' U " i d i i i f I - M I i i i t ' ( M I

1935-39- 100150

140

130

fairly definite evidence thai their importance in relationto the year's business was changing. This was espe-cially true of August and December which appeared tobe respectively decreasing and increasing in importance.Hence, slight adjustments were made to account forthis shifting importance of seasonal levels. The factorsused for 1939, the latest complete calendar yearcovered, are as follows: January, 95.8; February, 93.5;March, 99.5; April. 96.7; May, 97.2; June, 94.5; July,96.3; August, 90.0; September, 96.0; October, 101.5;November, 9<S.9; December, 135.1.

Table 1.—Index of Chain Drug Store Sales, 1934-40

IMon 'h i - awm-ji- mr, :v.»=u>o!

mat : 19H5 ! inn mi 1938 1940

Without Seasonal Adjustment

, Mudi

I i . U

. l ' l 1

\ i !

1 0 i1 0 ' Jo!7 0 077 » I 101

9 ' . i ' » •IO s (»J

0~ O , () ,I'l j i a

0" \

I'M1 ,•) I

1

{

ii

I C j t i

KM

I'MId i10 'K,c102l o !10]1 0 'li»C

2i

~

1,1

')

'Au")

0 0

! ' »

! I0 '

\ j ,

i( 1

00<*s, 0

1 «p

s i!'i'l'i > 0

If(

2 ' (

'> ' 1 '

/ <

1 1 '

i

• ' i

' ii -2 ,

1 J o i -

1935-33 =

M i

<> 7

% '

](M ^! 0 ^ s107.»10J s

100150

140

! 3 0

80 80

Figure 6.—Index of Chain Drug Store Sales, 1934-40 (U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce).

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12 SURVEY OF CURRENT BUSINESS

NEW OR REVISED SERIESTable 43.—PAPER l

November, 1940

[Short tons]

Year and month

Totalpaper,

inclu cl-ing

news-printand

paper-board,

produc-tion

Paper, excluding newsprint and paperboard

Total Fine paper

Neworders

Produc-tion

Ship-ments

Neworders

1934January -Fe bruaryMarchAprilMayJune..July..AugustSeptember ....OctoberNovemberDecember

Total

Monthly average.

619,584,669,683639,625,558,639,605,684.627.596,

Unfilledorders,end ofmonth

Produc- Ship-tion ments

Stocks,end ofmonlh

Neworders

-- .17,480,554

. . . ! 624, 1.30

274,252,313,284,297,293,257,286,289,327,307,298,

303,286,323,302,3 IK.3H.274,307,"2*7.336.323,310,

•Iffl

17s8uS

292, M)274, 929320,311293,421 i8(K S2931 \ 530273,321303,3142^9.6U1329,707:il5, Is5300. I l l

3,482,578 J3, fiSS. 116 3,619,6V;

290,215 ! 307,371 i 301. old

January-Februa ry . . .MarchAprilMayJuneJulyAugustSeptember..OctoberNovember.December. .

1935687,1655, 4718,698, '701.672.603,.

,164,465

186,490769

, 165,582

724, 976702.820,739,077,

Total

Monthly average

1936JanuaryFebruaryMarchA pril.MayJune . .JulyAugust . .September.October .NovemberDecember

358,326,357,328,341,300,319,352,351,394,356,334,

8, 459,814 4,122,113 4, 253. 3».7 i

704,985 I 343,509 j 351.117

341.333,309,362.3.'>5,33S.330.358.311.395.300.357.

,55o..soi329.773 |3<ii,9S2 '350,21i :341. 90s ,326, 0S9 i331,709 I354.915339. 299391, 114 ;308,209310.357

27, 19225. 3 si,30, S5125.201

23. 2MI23,s;5 421.31s27, 7t»02t>. 226

311, 102

25.955

35. 09631.353 '31,255

]; i -3i520.94027.02(130. till)29.97031.05032,21132,027

8.920 ,8.639 .

ld.075 '8.3037. ()"(»h. 19s0. -i 70*. 7116. 4370.213

2s, 75331.17s27, 36020, 17927. <>59

23]SOU

2 9 l'A~)27,01127, 207

32, 137 ,26.s73 !30,037 '27, lOO25. 437

^V ")l'i '23] 25:! '27.069 !2S.40220. Osi :21, 15lj

•IS, 93250, 92051.09549, N305(1, 8s(j51.12110,43149, 32049,76548, 54sIS, MJO51.S01

95,421Si, 053

100,84091,427S7 «7992,771 !

*.">, 20790,5749C-, 813

U s . 49o105,75s100. V.JS

329.332 323. 131

7.434 27,-511 2ti,953

1. 1")3. 737

49, 2 s9 <»«;, 115

OOs2s l

32. 61 131.50335. s ^

270 32,457121 I 30, 12400'2»>0666215850

j 3 2 . 9 9 52 0 , 7 3 135. 15s33.96131,123

3 I, 30930.50135, 106 131,031 133.521 '30.3ss29.53s31.81129. 9 IS3i ,91633.403M). 190

52] 702 ;52.8sO !5 4.010 !56 5'055.71656.93350.90350. 50456.s6700.206

7, 979

'», 124

397 2i-> 3s5, 325

199 }.<. 102 ::2 110

125.S251OS.5S7117,972103,050113.S.02

1 101.476' 117,065

129,071• 12s.315

in,xM! 12.". 70ti

111.099

,!, 131,551

119.290

726,703,740,769,752,751,745,785,802,883,809,857,

208 !953185961438 !

909 i155239 '001405215463

Total

Monthly average .

1937JanuaryFebruaryMarch

368,420| 356,743

426.451392.101371.486361,451370,360383,833416,353456,318454,281500,310

4,858,107

•575.360.37s,397.3s7,3S3,.572301.401,412.407,44S.

4.747,

00259742s55S1924077015102704SO1A'.\612

2 "6

1 381,I ?,'){,: 37s ,' Hs'7,: :<7S]1 :;72

376,

us r, 402.! 437,; 401 .; 163.

4, 713,

()')S37707002r>79072s92S9 s 2151• •lO6 2 1213

Is2

V.I,3 s ,42,3s ,

33 .

95S5700471765s591? 1

33.039. " 5 1.-55,46.42

! is

407

25!34s231217472

615

]O. 5')012. S!310.021I'.. 100j i, 27212.27110, MiS9,0s49. 99"

13. MM)It'.. 10S21.470

39.30,40.3 s .

37]35.30]30423913,

105

0371379336( 1 i7317 4 55S!)4910717s 1 !695441

M0

10.36.3s .3 s .30.35.3 . ' .31..55.41.3S.13.

4:5.

11972117l>97s lJ9s90".s91711 •29991930s296

715

59.02.I ' .I.

0 1 .t'.3.05,t-3]05,f i t )

' i f ' . .

' i s ,' i7.

i i ->400111515s l l ,7S1720527100771 '325972

121.551114.S99125,30s13.1.30113 4.972132,970132.603135,379]50.963163,^26

179] 3o2

i.r,92. lin

77,295 404,S42

900,873,989,985.940,910,858,866,821,783.660,614,

April . . .MayJuneJulyAugust.SeptemberOctoberNovemberDecember

Total

Monthly average

1933JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptember .OctoberNovember1 )ecember

571 ;308 i060 !901 j320 (069811874474779150060

465,447.532.461.412,403,362,366.351,338,280285,

384 ,477 !

594497 !175 !446 !099 '309 ,796 I110280000

4 5 5 ,4 2 7 .4 74 7 0 .1 0 1 .1 5 0 .4 3 3 .4 2 1 .3 9 5 ,3 7 0 .3 0 7 .2 s 9 .

5 1 18 0 : , ,0 ~ s

6 7 23 1 0( > s 7

cr..)8 0 S9 0 S

3 9 2 , 7 0 ^

4 * ' , 4 , 9 2 51 2 5 M i ,4 7 7 . 0 . - 1• l » H . : , x s1 5 0 , 1 1 . 54 4 0 . 9 9 94 J 7 , S f ) l3 9 2 . 2 0 23 7 8 . 2 1 53 6 0 . t o o2 9 9 . s : > 7291. M0

5 2 , ()\U4 1 , 5 ! \59. 4v.»12.510:,.'. l s l33.M130,31s28. 12029.97 127,50 425.209

i:<, 7('O

21.602

ton7 '32, 3s9 '28.360 :

20. 2S(» I20.97s1 j15. 19110.687 ,

S. 467 '7 7219.' 996

17, io544.73149, 57241'.. s.1")13. 77739.39 1

35. 515X 3 . s m27,532

4s.45.12.3s, II37.635,(131 431. r

2s i2797l»30s7

'.4.119 ,63.017 '0 4.54303.70160. 12307,279t>9. 50973.50173. Hii76, 3l»271. on-

Wrapping paper

Infilledorders,end ofmonth

112399 iN40 !662 !367 I313 I39 4- |012 I10.-) !9557410S0

Produc-!tion !

106, 47494,911

105, 00995. 74694, 293

102. 64888.958

100,89596,410

116, 08C111.041100,727

Ship-ments

-; I

100,91,

104,89,91.

102,87,

101.95,

112,111,96,

370 '424 !584545034 I548 !800 I774 I884 I080 ;130 I770 I

Stocks,end ofmonth

60. 24767,38771,14775. 25975, 64875. 77677,79875, 16175. 98075, 72977,19578,757

17b.139100.923140, r.RS142.093132.619130. 700127.'_M.'.121.S37s3.2!4S7.391

.. 110,205,786 \i, 706.167 4,0'iO, 318 _ 1. Nih, 7% , 430, 5v)! i !

-! 850,482 l 3 9 2 , 1 8 1 ' 413, v/2 405, 5».«i

4 7 2 , 7 " 2 ' 1.- .I .918

T.9,210 1.5:, 320

73 02071,92370,48071, 22572,41973. 27271. 2M72. 7 IS71.13273. 12971, 94S74.378

107.10s100.990I2o.ssS125. 14912"> 630137.26s155. 423156. s\7145.543152, O.IS14 l.bU'i139.378

Total.

Monthly average

18,909,275 (4,317,128 I4.332.71S .4,329.3Si 405,026

i i :

j 7 4 7 , 4 4 0 3 5 9 , 7 6 1 j 3 6 1 , 0 6 0 } 3 6 0 , 7 8 2 1 3 3 , 7 5 2

.. 4 1 0 , 9 3 7

1 0 , 7 6 2 : 3 4 . 2 4 5

. . 1 , 0 2 4 . 8 3 4

7 2 , 2 4 9 1 3 5 . 4 0 3

....; 1 , 2 1 3 , 1 9 8 ! 1 , 1 8 4 , 9 4 3

:>6. 1 1 6 : 1 0 1 , 1 0 0 j 9 8 , 7 4 5 j

9 6 91 4 35 0 44 4 52 4 4s 7 29 0 48 5 43 9 87 2 31 2 08 1 8

n !

115, 524111,820121,479117,857113,409114,347115, 506125, 403120.058140, 026130.227119,915

!

113,658110.978121.342112,482113, 224112,383115, 136125.197117,997139,018130,528115,553

. - 11,445.631 1,427,496 j

51,929 ! 120,469 j 118,958 i

129,

19041071037Ssoi353393251761

075

0 4 4

1 2 9 . 8 6 51 1 9 . ' 8 0 61 2 6 , 2 2 91 2 8 . 2 0 01 3 1 , 1 7 01 3 4 , 3 4 01 2 9 . 0 4 01 3 6 . 7 4 41 4 2 . 6 0 11 5 5 , 3 2 71 4 0 . 5 2 31 5 0 . 7 5 5

1 3 1 ,1 1 6 ,1 2 1 ,1 2 4 .1 3 4 ,1 3 3 .1 3 3 .1 3 1 ,144.158,136.153.

481 j893657 j292 ]553 '828 I203 ;814 !892 ,574 '207768

73.840

80, 45277, 38077,72983,00881, 00582, 24080,34180.88783, 46382, 95182.23884,948

81. 387

82. 41285. 59488.98093.24089, 64687. 68583,55885. 77984,99781,60285, 66084.038

jl. 624, 600 ;1. 621,162 |.

09,003 I 135,383 1 135,097 I

I 1 40».4s3>. 95.)

109.87.74.58, S70 i

207 !

7.870

156, 105 !145.222 !164.820 i162.886 ;

161,644 !162.050 I102, 332154, 682144,605133.29796.01487.143

158,558146, 403165, 449166. 863157, 584157, 643158,364146,041140. 034129,63593,91188,366

il, 730, 800 i 1,708,851

10,921 ! 144,233 j 142,404

3350S331s

110151

194791449

104,523108.557126,521123.204124,318 !126.806 !149,154 i160.245 i145.563 :154,890 i146.911 I143,322 I

104,868109,274127,713124, 553121,910126,944151,915160 055146. 270154, 046145.023142, 731

81, 70379, 37876, 58774, 63876,93979,35783,17889, 97492.59095, 97898,47295. 748

85,379

97, 18495, 48794.49394, 17196, 70397,3596. 9694, 4294,1995. 0097,2097,80

. 1, 614, 014 11,615, 302 !

1,018 ! 134,501 I 134,609 ; 95,905

1 For footnote see next page.

Page 15: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

November 1940 SURVEY OF CURRENT BUSINESS 13

Year and month

lanuai\I cbruai\MarchApril .MHVJunoJuh\U£.UStSeptembeiOctober\o \embuDuembir

19)9

Monthly

fanu n y1 (bruir>MardiAprJ .MayTuneJuK

1940

I TotalI paper,j includ-1 ing| news-

printand

paper-j board,I produc-

tion

7*^ 1147 ( , 2 O s S<)22, 5s 1Mt,2S7so7 19 5s2s, "277() 1,7039 >.l 3s2')'>! 02S

1 0 7 3 , 9 0 11 O H ) , o s 7

M 7 1 , i ^ 2

1 ( , s l 7 , ( » 5 7

9 7 1 , 1 0 sv r 0 " 1 )S ( ) 7 , b S O( ) > 7 , 0 6 2

1 O v ) , 7 0 s< > s o , , 3 S 19 1 7 , s 4 19 7 7 , K O o

Table 43.—PAPER—Continued[Short tons]

Paper, excluding newsprint and paperboard

Total Fine paper Wrapping paper

Neworders

, 5 s 9 o 2 3. 5 S J . 3 1 71 1 9 , < > s 3

, 3 7 1 , 7 ( > 2' s j , i ) 2 7

> 7 s 0 7 7{ I t ) , 7 1 1

4 1 ' * 1 7 7( . 3 5 s i ) » )

\>U, 5124 1 o 1 0 _

» ( . s o , 1 7 1

1 2 5 , S 7 3

1 7 i 4 1 7' 3 9 s 2 H >• i v j , 0 7 s

Pro-duc-tion

5 S 2 , 1 1 71 2 0 , S M »

, 5 9 0 9 1 04 0 1 1 4 9

' ' ) ( ) l o t .

m . 9 3 2

l o l ^ 5 4 0

o < ) > s l < )

t i t ) , 3 2 2

4 1 9 , " 1 74 1 3 , ( . 5 11 0 " ) . S 2 1

4 5 3 1 S 94 7 l ) , 2 1 7

1 1 1 , V KU " > , 7 1 " 1

1 5 s , o t » 9

Ship-ments

. 3 0 3 2 ( S, 5 7 7 , 5 9 711 \ 201rwl, 4s )isS 2s737o ()9i).5oh 3704( % IMI450 5o{)494 Ss jls7 10740 { 2 l l

; 107 is*)

417, 2('O

1 3 < > U S, 3 ( » 5 , , 3 1 2, 5 9 , , 5 ^ 3

1 2 1 , 5 0 01 M S 0 11 7 2 . " 3 1

4 1 7 . 1 -,14 2 0 , l u O

Neworders

57, l " 0'31 O l ^15, 27751 7 ( 051 51S

S3 1153< OH3r»,7ly7() S07

37 1 « '

3 ^ 2 1 "' 3 1 < ) 7 7

3 s j l Oi s , 2 W1 2 [ t 2 11<> s 5 13 d i s l »

3 1 t » * 7

I ;n filledI orders,I end of

month

1 1 , I s1 \ ' L ' s1 2 2 s i )

10 17')1 1 , 1 0 31 0 V 1 J

It 2<i211 02011 o(>720 M l'JO 221.5(i, 5 521 <svIs MT

Pro-duc-tion

10 0< 7w , III i)

(i 0 7 35 >, 9 s 952, 2' 1Ji s i|<2

Ship-ments

! Stocks,I end ofi month

Neworders

Unfilledj orders,

end of ;I month i

i" 11

ol) 7 It 112 2<><l

10 Od"15 W )12 S() tI , 11s

. 1 51711 ('72^ 05 5i7 2 5ti.1 01 3>2 030.7 (iS>,11 4 ) 1"0 0 , 117 " 5 (

12 7 '7

K JOS37 S07i'» 09111, 11"17 10111 77015 UO'JH, 12 3

Hi101o;o j

1 1 07 5 ' )

0 1 1 1 0

1 1 1 5 4 41 1 2 , 1 4 21 4 S , 1 7 91 5 2 , 1 0 0M ' J . 0 0 71 3 7 , 4 1 21 3 0 0 4 71 1 0 , V » 72 1 2 s 7 91 7 s 7 1 31 1 1 H O1 . 1 0 , 0 0 4

52, 88159, 36251,12947, 74153,51353, 98853, 25259.0253 40, 355142,261108, 70493, 528

Pro-duc-tion

143,979140, 263155. 570143, 634148, 857134. 997134, 402151. 608160, 380174, 809176.037165, 575

Ship-ments

Stocks,end ofmonth

141,09;139,099156,217137. 296144,193136,331135, 433153,028109,511180, 657183,087168, 365

.9 !

1 8V2.990 | ! 1 , 830, 111 jl, 844, 310 |..

1.10 01 o ! 76,312 i 152,509 153,693 j

07 701

oi, oss ;» . l 7 00 1 9 i 3( . 5 7 9 7( . 1 0 0 1 i( ) 0 7 5 0 {0 2 2 9 1

1 1 7 1 0 71 5 1 , ' J O I1 1 0 , 0 5 1

1 0 7 ' M 21 0 5 , 0 K »I V 0 0 11 1 1 , 0 1 9

7 7 , s l O

0 2 , 5 S 01 1 1 . 0 2 01 2 0 , 0 V }1 1 5 , 9 9 71 0 2 . 1 H

S I U i l

j17,3,923140, (,()() 111s, soi159,00111% 472101 0771 OS, 0 38 ,loo. 121

1M, 709112, 975HI, 014ir.,0-1J8S, 08S10-i, 111107, 1?»101 «VJ

98, 557101,46798, 299

103, 033108, 088105, 98697, 93490, 29695, 97991,26180. 60378, 219

96, 310

so, olo90. 90 391,9 5592 3098 5.50^T) 92980,9oi81,77'

K C M S - M I " o n e - D i n i n p m i p i l M I n t b o \.rnr i ' < I'i,>" m> I P ' n V

^ l i k h i s c o m p u t e d b \ t h e J)( purtu (nt (>> Ciinm^nf, P>i na i i ' <u< uin <>o<i pon( o n ' i ) i k d b > t l i o a s s o c i a t i o n , t i K IK w s p r i n t p i o d u c t u LI d n t I l u r i u s h i ' d n \ *]n \ (

D a t a fo'r t o t a l p i p e r , v M l i i d i T i t i in n pr .Tii m d p i n * , >> i m l , n p n n t t i n t ub u l l e t i n e n t i t l e d " M o n t i 1\ ^ t i t i^Uc d ^ u n m u n " D it i foi ( i t o p ^,j ) a p t i ^ ) . ( r n n i p B c o n s i s t s Mi t h ^ n u p !pei-> aii< w n ,\m\i w h i c h UK l u d p i x iI ) r o d u c t s o t t h e s u l p h i t e , k i iff. c l l s v^iiii t ' r d Lrea^c p i o u i u i i^ ioi s ol t i n I S ^ . K I U I O H( i n a d d i t i o n t o i h o p f d i i c t - M m u d ' i b o \ ( t i i t " u t - > i i ( " i l t i p \ p " m i b<> I M N U hpn iL r p a p e r c l a s s i t i c a t i n r n n > n in a h * o i a p ir i b \ u i t h ( d i - i i 1 - d a 1 i ( i u p | ) ' Kp i p o r a r n l b o a r d s D a t i o n k i l i t b o a ' M h u e b i e " e \ c h i d e d i r o n i ( . i i o ' h> f) a i d »'-b m r d i n t h e p a p e r b o a r d p r o d u c t i o n c o m p i l e 1 b \ t i n B U M H I o f t i n ( U N I ^ ( .r e \ i ^ i o n ^ i n t h e ( l a ^ s i f i ( ' « i t i o n ^ , d a t i h a \ c \ i ' n n M S U I t-> t l m ' n it< d i o u i - a n d ffoi v\e< k s t a i l i n g i n t w o i n o i a h -

C o m p a r i s o n s w it li d a t a f i o a i ( t n - u - ot M m u ! 10* MI* > a i d < I I I S ' - O I I ' I K M P ia b o u t 80 p e r c e n t O M ! . i ( < i s i ^ t< • i i - n i t i n M n J 9 3 1 i(» i < I f in i ) i , K i , Hp e r c e n t t n l«Ms . a i d 7(» p» n » i n i ' ) J | t \ \ t i p p i » i i ' [i i j» i e< \ • i ^ , a i I ' I >i u i - b n82 p ' tee n i

m m'n, i u L; h t i n o u ( p f m n o i f I .• «•( i n s o n t o t i l p i p e r , r » I I K J U I J T n r w ^ p u n t i n d i* i p f r r x u r M

^ht i o i n i n t m b< u i d n m f o f l u d i t i o n + ( 1 .1 p ' i p e r o \ v l i d i n c r o \ \ s p r i n t a n d p i p o r b c a n 1

/ " p i ' i i i N I \ M B U M . U . a r i 1 p ip« » } n i . d p r o d a c h o n ( o m p h d \>y * h o B u r e a u o f t\u Cou^u*-

•! I ' d i m i p ^ \ L i r t p o i t * i >. \ t i n \ m < r u i n f ' a p e r a n 1 P u l p A s s o c i a t i o n , n i f ? i n o n t l i h

i i o t - U < M T , H p i a , u n . r I u d c i M P f u j . p a p e r s C i u r r it* d t t o o k a n d g n u n u w o o d

u i ^ m ^ n t ' n m d < o \ . r < l i \ l ^ u p s ( i i o u p ( " , <\<uw n a ! n \ e <i^ w r a p p i n g p a p o i , i n c l u d e s

, i h i ^ ^ m I , M I V - I ? I I n w s i n i i o t i l ( w » i p l ' i ' i u p i i > e r ^ r u f m i i i o r l \ s ( i m n w l h f l i m c l u d i d

n h a t M» \» - h o \ a i r i • i n i i p I ) 1 ' i i s n i \ o n w a ^ I M 1 ( n d i '1 t f i n a k c t i n 1 d W K u » t i m ' s w r i p -

n u l u d t - b n - t o l ^ t i r d . v i d ( r1- b ( a d , c a i b o a r 1, i d n h i d . I( a t h e r b o » r d , a i d ^ i » c u l t \

> ' n T i » h i h t i l< t d ' o u p 1 - \ I t o i l n u n i t ( t h e d u p l ' C d i o n ' i r i M i i L ' f r o m t h e m i h i s i o n of k i Wt

" | i l ' > u i - M I - U a n c i - J U J u ^ o f l I * M H , b l o t t i n t ' a n i l » < u i i S t \ p e ^ I n d d i f o ' i t o t i n

\ t N < < k n u u 1 u ' \ t >' a s " i L I K < ,>i ( f d a t o b ' a m i f i o r i \ w i k l \ j . p o i t s } \ p n t a t n u d a t i

i ' i ' i f M i n i i c i t ' t l a r h c s< r u s f o r t o t *1 p ip< i , n i ' l u 1 i ' p i r w s p r i n t a n d p i])( r b o i r d . r ] / r ( -e n t s

o \ a u i .». o i d u i i f<. ( ( n s a s d i t t w i1- a i o u m l 7 , i a ( v , i m l ' o l >( , 7 8 p< r u il i n 1 ( M 7 . s j

M V i p e n . i , t m l«i<"i &7 ]»* M i n » , J f i .f, -^» i> i c c n t , l r M # , ^ l i « i (€ n t 1 ' i i s , <»». p u n - i ; a i d l ( » S ( ' ,

Table 44.—CONSTRUCTION COST INDEXES1

Year

1 9 1 >1 9 1 1 . .I ' M "

1 0 1 0

1 0 1 s1 9 1 91 0 2 0

" ) ' 2

1 9 . M[ ' • 2 "

1 0 2 0i 9 2 7

l < / 2 0

|

i

1

t

|

Na- 'tional 'ii\ er-

ai c iiociiies

100 '9S 1

1 0 I

110 1J 151772292s 321o 12O\)2212 2 2 \2 1 7 '217217217217

Hut a

Kid97<ts

111

no1st)25 0>0 121s2o222'21720021 I

* » t 12 1 . "215

l o ik

10U

9 '1(H>

11111217"2272 u t *

2 1 1

21 w

2 1 "2112 . 02-> \

2 > 1

:?:; . .

237

SanFran-cisco

l i ) ( l

'17

1 1 ) 1

. I sI }«J

i(«0

21 (

21S2<>4

! s ( )20S1 ( J 9 !]<U

lss 'ISH.

ISh ']*)()

I ouis

10007

100114L H

\I )

22b- N l2 2 1 120422s2 5 s2 52 5 0-i ' t i

2252 2 1

\ ear

1

1

1 9 5 01 19 51

l ' )5210551 0 U10 il'»3ol'l 57!'<-iS

«*ire 50 !

ciiiov

I'Oil

J 7 S

i >1j " u

U 1

11,2

71 >

1 »s

pj'l

M- Now f^aJ}.i i j i . i \ o s k { . / ( # o

1'.-, MM!75 2'M l >1 17 17t i\\1 U 107 ' >s102 l"o i il i » 171 i l l17o l s2 ' V

i s J 1 j ~ O

Louis

2 0 r

i sSi i > 5

1 ) '

l t i

'1 1

171207207

1

Year andmonth

, 1050

f a i u i r \1 t o i ' i a \

MarchVpul

M i \I ' i n iMih\ a j a ^ t

k,, ] , * , n i b r

oct( b. r\ «j\embi rD c -a! , r

Annual in-• <lc\-

N a -tionalaver-

age (30cities)

2002()ii1:00'>(IO199J991092002012032' '3joij

200

At-lanta

1 s o1 s t ,ISOi s }1S1

is ll s 4IsSI WO

190101

ISO

NewYork

21721721721S21S21S21s2202202212212 2 1

219

SanFran-cisco

I ' M )I s ! )l s ( )l s 2I s 2Is21*21S21S4I S ' )1 s t )

is".

l v {

St.Louis

2f2(2(2(2(2<202(,

20212121

2i»

; R e v i s e d ^ ^ r i t ' S . C o m p i l e d b y t h e Jmrricn) Appru'^nl ( .impfim;. C h e r e \ is* d ! i i d ^ \ ( \ ^ i n c l u d e p r o v i s i o n s for o v e r h e a d a n d p r o f i t a l l o w a n c e s t o F u p p l e n i t - n t t h e b a s i cele t . i i le-d b i l l o l ( j u a n t i t i e s o i m a t i u ' i a l s a n d l a b o r r e q u i r e d for t \ p i c a ! l r a m « \ b r n - k - v . o o d l i a m o , h r i ^ ' k - s t e e l i r a a i e , a n d r e i n f o r c e d c o n c r e t e b u i l d i n g s , p r i c e d i n a e - e o r d a n c e 1 w i t hn o r m a l p r i c e ' s a n d \\ar_e r a t e s i n -50 M ' p r e s e n t a t K 0 citi<\> t h r o u a h o u f t h e I ' n i h d > t a t ( > s . \ \ o r k m e n ' s c o m j ) e n s a t i u n a n d l i a b i l i t y i n s u r a n c e , u n c m p l o \ i n e n t i n ^ u i . a i c e a n d o l d -a u e p e n s i o n f a c t o r s a n i n c l u d e d i n t h e l a b o r p o r t i o n ol t h e re-\ i s e d s e t - u p . T h e m a t e r i a l a n d l a b o r e o s r ^ o n - n c o m j i u t i d m o n t h l y i n a c c o r d a n c e w i t h n o r m a l a s e r a _e p r i c e s a n dw;iLM>s for t h e \ a i i o u s k i i . e l s a n d e r a d » s o l m a t e r i a l s a n d c l a s s e s of b u i i e l i n e t r a d e s a s M T I I U M J o r a d j u s t * d t o r n - r m a l f r o m p ^ r s o n - d i n v e s t i g a t i o n of a p p r a i ^ e r ^ a n d l a i o r m n t i o na^ t o - i c t u a l ceiSts f r o m c l i e n t s a n d < a h e r s . '1 h e - e c o m p u t a t i o n s a u t o m a t i c a l l y i \ ^ u l t i n w e i g h t e d : i \ c : : i m .- Jor t in - i u d i \ i d u a l b u i l d i n u ^ . \ r a t l i n e t i c a \ e ' r a : v s ar<- c o m [>u t e d l o rt h e i i u l i v i « l u a l b u i l d i n g s a n d c i t i e s t o o b t a i n i h i c i i . \ a n d n a t i o n a l (.50 e . \ t i< i - ) ' aver<!-* ' .

T h e i n d e x e s cov« r t h e m a t e r i a l , 1 d ) o r . a n i l c o r i t i M c t c i ' s o \ e r h e a d a n d p r o f a o r u e i n m i n t o t i n . s i r u c t u n i l p o r t i o n of t l i e )» i i i l i l i i i2S , })iit d o n o t i n c l u d e - t h e f \ t u r < ^ s u c h a sp l u m b u m , h e a t i n g , l i i i l i t i n i r , a n d e l e \ a t o i \ s .

T h e i n d e x i s b a i l e d o n 19K3 p r i c e l e v e l s a s 100, a m i i v f l e ' - i s c h a n g e - 1 1 1 . - a b c e q u e n t a \ e r . u e p i ice l e n e i s , b u t d o e s n o t r e f l e c t t h e e x t r e m e c o s t s r < ^ u l t i i i L f i o m o \ ' r - t i m e w a r e sa n d b o n u s e s d u r i n g " b o o m p e r u x b " or ^ i c r i f i c t* p ru- i s a n d o i n i ^ s i o u s of o \ c r h v M d c o s t s r a i d p r o f i t s d u r i n g " d " p r c ^ s i . H i p e r i o d s . " T h c n - f o i c . t h e i n d e x e s d o n o t r e p r e s e n t t h eh i i i h : a i d l o w e x t r e m e ^ of i n d i \ i d u a l a c t u a l ( o - t s . Vs t h e - e u i d e x t i - j u r e s a r e }>ased o n 191.1 a s 100 t o r each , i n d i v i d u a l l o c a t i o n , t h e y t h u s i n d i c a t e t h e t r e n d i n e a c h c i t y a n d n o tthe 1 t r e n d b e t w e e n t h e v r a i o u s l o c a t i o n s , 'j h e e o m p a i \ ^ l r e > - c s t l i e fac t t h a i th< <;e a \ e r i m - m e r e l y n - p r e s i:t a t n 1 d , l h ' 4 a c t u a l ee js ts \ a n \\ i d e l j b e t w e e n d i i S V r e n t ' b u i l d i n f - sa n d d i t V e r e n t r e u i o n s . a n d are . t h e r e i o n M i o t a p p l i c a b l e t o s p e c i f i c b u i l d i n g s

T h e o r i u a i a l r e p o i t - i n c l u d e i n d e x e s for vK-h <<l 22 r> p i c i l CI<M -, 1 ..j v b u - h .-m | , i v - > i i ! f l l i e n * . T h e r e v i ^ f . i M I ' 1 * •»•(«• h a v e b e e n c o m p u t e < i m i a n a n m n l b a s i s o n h fi.r y e a r sp r i o r 10 VJ 59.

- T h e m d e v eio\f ' r- ' 21 c i t i e - - n r i o r t o 1921 .

Page 16: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

14 SURVEY OF CURRENT BUSINESS

Table 45.—STEEL PRODUCTS—PRODUCTION FOR SALE[Short tons]

November 1940

Year

! ot al .

M irch . .June>v.'ptemb(Deeembo

T o t a l . .

Monthh

M i rch . .June•^pjembc

1 <>? U .

Mont IU

March..fun >.-M'Dtembfn-cembe

Total

Monthly

March..June>e[)temb'I Jecembe

Tot u

Monthly

March.JuneSoptembDec^mbf

Tot il

Monthly

March .June<i p temb

Deoembf

Total

\Ionthl\

and quarter

1934

r

av'err.'e . .

_

r . . .

av- r .«_e.. .

U>:?o

ttveriu-

r_. . . .

liM-a-v

was

T. . . .r . .

average

1939

iT_- - - - -

r . _ . . .

a^eraso

Total

17. 170,

1. 430,

4 7117, 366,3, 529,3, 85S

19,511,

J ,G2 ' i ,

1,916,5 v*12,5,86!,7.0 57,

21,76 5,

2,00},

7,00").9,061,9,011.9.81s,

\i (r>6

2. ')Lo

1 1 . r>011,211

6JK1,

38 3! 1

-5, U"

4,492t "175. 3126, 976

21,316

1.779

1! 7, 1MS7 ISO8.3 47

12, 091

31 91"

2 912

701

892

fiM)4 57lt»262'5

701

225

512>il126077

037

586

310969218179

510

515

0( • -s2s,",•s")7

7-w

J"^

I'M

s!2990315016

700

9'»250 5.5il

696

171

951

Merchantbars

1

1,

2

1

3

11

<

I

1

]

93 5,919

161, 162

469, 167718.779313, 10 j391. "2

921, :>)

160, 117

610,117597. •«) !677 2 ,27i{.1!)-.

671. 976

222,911

751, 79494s, 629914. S21091, 219

719 6^0

312, W.)

1 71* ",o'»M) j , 210927, :57911'5.80 1

~p S ( >

311, IV)

310,977'>')-), UOS

1 >7 5s 1621,698

7 -i) *,(\-

146,316

.".72.412061,71s76". 71 ">

, J S7. i 10

?°D 631

268, 386

iPipe and !

tube I

1

i >~i f ) ' p

1 I 1 , 6 ' 6

.-,5" ( )5 i{ ; , s , uo2516. !66372, 2"0

1,72!, 01S ,

i ' >, "s8 !

l.J >, ' 2 9 '5 0 J 10S

517.971 ,

2.or.79, !

16 >. 04<<

581.571 ;'•OS 561921, "90 |908,230 1

3, 317. s76 ,

27s 990 !

1 IW.77/1 0'M.i 22

979 "'Js |7 2 ' ) , ,">"•"

rv ' < l l T o '

.')Ki, 625 •510, 159 '631, 17"'0 s U ) i c

1 2, t i l . i v ii

200 U21

1.66, ISO001. 11 >

1, iS4 1 .0 '

1 ,'j " 0 * . ,"'•» '

' 2«2 1 \2

Plates

< 00 i.

261.js7.302,273,

1. UV\

L) 7,

'5 5'),3 l 1 .. • i s •>.

1'.2,

I. '76,

' i l .

179.623.716,7.N,

2 178

2H,

XO79 7 9 ,

175

'•>, .57 5

2 s j ,

v 17,

5 Jo ,

127 ,

502

1 i . ' i

J -51

." I''..560

2 79 5

232

5 53

2717 759719 «)

072

12 5

111)i j ] ,

1171 ~>0

57°

3sl

111S()l2021-s

."!'>

^76

7 ' 27195 Ist , ' | 1

s ( / >

118 i

7 s |> » "

7'U352

2 52

712311211

Osi,

7 (K

817

Rail

111,

37,

2os,517,211,

56.

1 121.

9 ',

Iss.21s.1 h.193

7^6

0 1 .

532,111,.502211,

1, Ul

i l l .

11 551 <20>.207.

1,5s.)

131,

210l'>61 <>)

i l s .

6s 1

57,

3>s152210

31 )

1 2s7

107

i

S8f) !

.517J > i92571!

6 t'!

72!

7 s j

lOS251s07

59s

150

2"v>

SO]

f>50

611

56 : 1

7*0

105) 2 )

9 )2

s0')

710

'5 }s"

««) >

N 1 ,

127

1 507 '5

f ) O f

097

21s

Tot.

I1,

1.

11.1.1.

o,

1,1,1,2

-

'22,21,

s

1.1,

t

!

o

-

517

2'> •,

In"..56 \" 'KM i

'07,

512

5i»t3' 7jj 7

s J *

067

(>•)]

M'791 5

51^

717

* >7MM

Kit:r2s

5 '.6

! t\

ssis7 >211911

9!,",

111

^19•i 5°0 5"' M 1

" > • ' 1

7 H S

Sheets

50 \

[ s i1102 i s

•>• 1 9

.".'2

2r)[0s~Ml'736

9K>

662

l't'J>25

713

791

6!0

i, 72"2]. '9'22

sV>

711

1 JO

11s1J5506

7 s >

Osj

or,I ' l l

f.' -

722

Percentof ea-pacity

11.1

" 0 <N

:2 o27. 13s J

17 0

75 7r;. J6!. 1si \i

70 1

71 17/ 577. i)o 't 2

7s "

sy wsi or • i'»• s

7 5 7

2 " 915 1

| r,rf oi

42 9

Ml. 1

65 6

68 6

Stri

Coldrolled

!si, 279

10,107

1 51,91s151,26661,785 iWO. 651 !

13 s, 605

A'\ 150 -

!• !, 127112.1 ',2127. lx71M, 169

600 715

"0. 0t)0

1M6. 11!1M. 02s ,i ss . 561260, 104 .

791 (07

M,. 501

268 0372 51, 9'«7I1*'1, s7s'21 ,006

sp> —0

6S, 061

69, 1 70 '72.976 1

107,59s !i . ' . ) ^

' - , i ' <• |

3".. 733 '

! VIS 15122.s56170 is1.)

2 1 , . . i ) 9

676 i ( i7

16, 366

P

1

1

0

1

HotoSled

•>\ \

101.

102.507101,219,

321,

110.

511,J.'.s'5o5

862

11".

.71,579,' 1'2,OS 9,

08.1

'>'].561.i7i

3.°s

01<:t

j 7316920s371

927

77

2 53-M1275

i , l

166

97

161

211

535759Is7719

164

317

1297so373601

JsO

i s 2

° l l011512

MS2

197

791

"76336792ssO

511

703

J." 16 56918071

008

251

l s l11786 5

0U9

513

209

shapes, 1heavy !

979

81,

2*0,419,30 5

1 277.

hit1.,

2s8.or>7,1014JI

1. Iso

121.

S776-1-71'16 M)

2 101

20 >

7sS9f'770s,s()

2 7ss

311316110in

I. 153

1 2'J

i n151628

2 in212

493

f - 2 1

228272570028

0'9 '

121

221 '91s52ssO7

::, i

121

797stO61979 i

2ot

4.51

v 150^72 H)588

•vOs '

mi

7 50

l s l501

w ,66 s i

172

9 ' *( i

20s1

'M9 56

515

013

Tii

1,

1.

9

9

1

2

I plate

903 315

158, 610

430, 892494, 805385, 291381,142

692,130

141,011

438. 316549,976499. 025425, 200

856.908

154.742

462,417640, 974653, 427602,699

361 OS6

196,832

655, 2^2754,647770,287583, 561

758 295

229, 858

398, 745429, 233371,141419,198

618,317

134,860

472,526622 617057, 694

808,613

561 451

213, 454

Wire

andwireprod-ucts

170

3s8,007.306,3 1 ' ,

1.717

1*3,

512168." I .«."2

2.341.

I'j"

6 51

7337 }Is-62

•-> r o

T Os}0n ' i

(> .

il ' ' .

1 s60

422178111'.62s,

2. 064.

172,

697.674769.

1,012,

• 3 153

262

1?7

870

S701198141 13

105

121

"9356 5V.I9'iO

500

121

M6010211

'?fi»

&:<..

221

sO~0 " 5

012

c r -

101

s 9 1s71\'\037

8^6

074

310603978

»9s

" i s

812

1 R e \ w i u t - r io>. C 1 onipi l (>( l b y UiO .^ncrUnn Iron mcl s'"< Ii,*t-tt'li i r o u i r e p o r t s of ] ) ro< lucMion fnr s A^ b \ c - u m p in.< s r o n i p r i s i n " m o r e t h a n 9 " p e r c e n t of t h e c a p a c i t y,in»l ] ) r O ' l u c t i o n o l t h e i n d u s t r y i n 1 9 5 ^ a n d 19V), m o n * t h a n 51 • Pv r c ^ n i i n 1953 an< l 1957 , nn<\ m o r e t h i n 97 ix r c t o i m 1031 56. T h e i n < l u - t r \ i n c l u d e ^ o n l y t h o s e p r o c e s s o r s\\ h o a r e a l ^ o p r i m a r y p r o d u c e r s of s t e e l . D it a li>vr" > h o \ \ n r* i> rcsc i i r p r o d u c t i o n of t h ^ m o r e i m p o r f a n t s t e e i p ' o d u c t s l o r ^ai>^ o u t s i d e t h e n i d u ^ r r ^ . S a l e s t o m e m b e r s of t h ei h d u s t r \ for f u r l h e r c o n v e r s i o n , s h o w n s e i n r i l i U i n r e ] ) o r t < 01 i h e I n ^ t i t u i c . a i o e \ c l u l e d . T h e f k i u e s s h o u l d i n . ! }>o n u c r n t c t e d t o r e p r f i ^ t n i t h e r e l a t i v e i m p o r t a n c e of t h ev a r i o u s [u ^ b u t r a t h e r p r o d u c t i o n a t t h e ^ t ' u ' o a t w l i i c h t .he^ U n e v.u m b c r ^ for f u n 'K^r p r o c v - ^ i u ^ b \ n o n m < - " i b " r s o r a^ l i n i s f i e d e o o d s . P r o d u c t s i n t h e e a r l i e r p r o c e s s i n g>tai 'ex- a r e p r o d u c e d foi s a l e i n s m - i l U - r q u a n t i t i e s t h a n t h e m r . i v n« i r l y f - n ^ l i u d n u - d i i c i N becr tUM' \hv\ , - re u ^ i a l h f u r t h e r p i o c e ^ ^ e d 111 t h e i ; r o d u c i n < : p l a n t o r i n o t h e r p l a n t sw n l i i n t h e i n d u - > t r \ . T h o i t e m s \ \ l i i c h a r c n o t ^ ' I f 1 \ p l i M i t o i y a r e a s f o l l o w s . P i p e s m d t u b ' - i n c l u d e b u t t - w d d , l i p - \ \ e l d , cl( c t r i c - w e l d . s< a n f e s s a n d c o n d u i t ; p i p e . , a n dm e d i a l . i c a l t i i b i i n i . s h e e t s i n c l u d e h o t - r o l l e d , V > i - f o ] l e d - a T U ] e a l e d , f - a l v ; T ] i / e d , c o l < i - p . l l ' d . a n d i l l o l l n r s t u r t ^ : w i r e a n d w i i e p r o d u c t s c o m p r i s e w i r e r o d s , d r a w n w i r e , n a i l sa n d s l - i p l e s . b i r b e d a n d f e n c e w m \ b d<- I ie-,, a l l o t l i e r w M C p r o d u c t s . ;<nd \om^ p o s t ^ ' ' p r i o r t o t h e f o u r i h ( i i n r ' e r ol 19 56; T o l a ] ^ioo\ p r o d u c t ^ m c h i d e , i n a d d i t i o n t o t h ei t e m s h l u i w n , d a t a o n u i i i o t s , b l o o m s b i l l e t ^ , s l \ b s , <-h"( f b a r s , s t c 1 f i i h n / , - K e l p . , s p l i c o b a r - ; a n d t i " ]»i i f e s , r r ) i < ( n 1 e i e i n f " i c i ' i ' a n d e o l d - f i n i ^ ' e d b i r s . a l l o y b a r s ( h o t - r o l l e da n d c o l d f i n i s l i e d ) , l i o o p s a n d b ' l l i n t ; b uaU, \Aack p l i l e . ^ ' u - e l - , :x \ l<^, n . - c l c s p i k e s , a ; d u l l . c ; p r o d u r ^ 1) j i w o e io]>or lc<l ' i u a r t e r l \ p n o r t o \ n n l 1910 ( e x c e p t for 1 9 3 3 ) ,w h e n m o n r h l v r " r ) o r i s w - r e i n i t i a t e u . r r n e r s n o u d r o t - i ' ° i n c l u d e w^U i e \ i - i o : i s t i n t c n o it b i u l m c i t e d t<) t he - e p i r a t i ' i u a r { ' i i > b( c iu-< t h e n u m b e r o l r e p o r t i n g c o m -5 - i n i e s i - n o t i d t ' i d l e a l i n a l l Cjiiai t e i s a n d - o r ' e c o ' i u i ' i n i e ^ n n ' . c e , n b ; : - t m( n i < i n t h e r \ t a l l y f m u i > « w l H M ir* n o t i \ >:1 i b i ^ M I •• q u a r t e r i s b I - J - \h it h l y a v e r a g e s a r e b a s e d; " t h ( 4 a i i i i u i ! t o t 1 I s . ri h i s s^r:<'s c o n f o j m s t o t l <• 5-eii(i-- 11i.it a p p ' a s m > h e 1910 M i p n U n n n f , e\r-, i , t • h u M i " -i w \ h i\o h i m c h in zed f i o i n 1 l o n e •(, a s i ^ o r t t o n n a g e b a s i s .I ' o r d a t a f o r 1910 , .M-C ] ) . 19 of t h i ^ i s s u e .

Table 46.—WHOLESALE PRICE OF FUEL OIL, PENNSYLVANIA !

[Dollars per gallon]

Month

JanuaryFebruaryMarchAprilMayJune . .TulvVugustSeptember ._ . .OctoberMovemberDecember

Monthly average. _

191S

$0.106. 119.101.096. 096. 093. 090.086. 087.089.094. 084

.095

! » .

$0.073.053.051.051.015. 045.041.012. 044.050. 056.097

.054

mo

$0,110.110.115.130.132.133.133.133

129.117. 099.083

.no

urn

$0. 080. 053.0!5.01s

.ou

. 036

. 033

.037

.03*

.019

. 060

.019

$0,011.010.039.016.048.018.019. 058. (ol). 060. 057.051

. 05u

V

s(J. 0*>2;.f0.. 065.()!»3.057.051.051. 050.019. 053.057,. 055;. 051

.055

* * ;

05o0590,19055

on05005105 J

053051Oblj

055

1!»'».". '

•j-0. 00." ". 06S.061.055. 053.001

059. 055.013. 051. 057OM

.059

i

M> o:U $0. 061 '$0

.061 .050 .,06 4 .051:. 060 . Ol'V. 066. 063. 062.065,. 063. 066. 065

.064;

.017!.017 ,. 0 1 6

. 0 1 7

.015

. 0 1 1

.051

!

016 .-019019'050,050'050018017045015016

048

v . , , •

0. Ols.018.050. 052. 053.018

015.013.041.017. 050.017

.048

urn !

!M) 016.017.011.010.010. 036.031.034.040. 03S. 036..031

.039

ur.il '• v.

•*{). 031 *0. 032 .. 030 .. 02s .. 027. 024 .. 021 .. OL'O

. 02.S .

. 027 .

. 020 .

. 021 .

.027; .|

VI ,

025'02702903103303303 403103 5033033031

032

*0 031 -s. 033.033'. 033. 033. 033.031. 035.030,. 0391.041!.0J0 !

i

.035;|

i m if

).0is>0. 035 .. 03 < .. 039 .. O i O

.OH1

.010

. 038

. 037

.038

. 030

. 030

.038

m :

03 s03S010010041:

ononon010040

onOil

040

80.012 $0,044.014' .043.017, .042.018 .041.Ols .041.010. 0 i 3.013.013.044. 045. 045

.045

. 043

. 043

. 0 44

. 045

.040

.048

. 049

.044

1938 | 1939 |

|$0,049 $0,040$

.048! .043

.044: .043!

.039: .043|

.035! .0431

.034!

.036!

.038:

.039!

.0401

.039'

.038j

.040;

.043^

.043'

.043:

.0421

.041 ! .

. 041 ! .

.039 ; .j

.042; .j

m

~) 039. 039.039.039.039. 03903904 f

, 040

1 Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, and represents fuel oil, at Pennsylvania, 36-40 gravity, tank cars, f. 0. b. refinery. This seriesreplaces the series formerly published for fuel oil, Oklahoma.

Page 17: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

November 1940 SURVEY OF CURRENT BUSINESS 15

Table 47.—SECURITIES EFFECTIVE UNDER THE SECURITIES ACT OF 1933[Thousands of dollars]

^ ear a n d

I?'

I . i i . t . m!• ebr;i n",M l id . .\pnl .M .v .lur..

^ l p t l " I t ! "

< ) ( ' ! t i l r

\ V. ember

1 ' i t ; .

1 !,- j r .1 i-lilU if \M " ' ! i

\pnl\ l , i v .

l i l l l r

J l ivWirusf

-M n T e P i f - C l

' • • • ( . l u r -

\ ' H . i M . ' - r

H. cv.'.J.. '

l O ' . n

1 <I •« I \ »

I < hi u i r \

Vpnl\ ! | \lur .M.I.\ U _ i l - > t

-•> D ; I " i i t H .

«r t i , b i r

\ M n 1 . i

i • r .:

* 1< v ' i

i if] . t! ,

1 b i n f\M -c hVnui

J I ' M

h i h\ii_r'j-.»

- , pli P I N T

\o\unhi rI > - L " N , 1

I • ) • > i

Mont) i\ •)

!

; j

Total |m o n t h amount 1

effective

- . bl.471. . , 206. 993 ,

77. 3f>997. S'.H97, 0!s

327, 979225. 6211H. 401MO, 5s71 I 1 . S 7 X •

5".5. .51 )2

i-,6,3-7

. . 2,510,977 !

vwi£?o 211.748

l l j 00121 02087, 2X2

30S 519SX. 062

276, 096231. 969301. X 29 ,35,91630, xl 7

L66. 17f

I, 815,0 16

\ e r aM' . . , 151,251

Vear and month

1 'i iS

\er<ue

Sub-stitutesecur-ities

(votingtrust

certif-icatesand

certif-icatesof de-posit)

1.595291

7,9' 90

3. ;v.Hio

0Is A2't

0')

11521.702

53,561

1.46]

2h72,311

62450

31.0000S6

1. K)x3. °,\ {

775] s ]

0X. 1 0 - j

Is, 719

l . i ' . ' 2

Regis-tered

forac-

countof

others

],4so10,6222,3155, 51 o1, \\79. 5s {

310\ 2715 '.' »21,6737. 33 t

]0, 3.A

60,9 50

5.O7S

1. 5XS97!

4. x.l \11 5213, 777

]] 51 'j1, 999

11.S70i, IN3 57X

x l l

'J.f..U

02. (.53

5 2 21

Total

7^, 399] 96. 076

67, 05 j92, 3x 192, 4 Is

317,992.'21,31 •39l,x()5J 2 i, 59')110.20")29", 9! 1131,26(5

2,42.",. ls3

202 207

13s, 1 [720, 70581.803

296. 9 H53 2s5

26J,s61231. X622x9. 315

3.5, 7 )327,(il9

U 1 nut1 >t ,M0

1,703. 6 13

I t i, 970

1

j

|

j Not| pro-| posed

1 sale

15,2 5755,6113,21!1.091

3x 197101.0S929, biU

101. 1252 9 , 0 i ' i

52,12677 1-73.917

511. r-s

42. s7i

2, 20^1,31"

U 51661.27722 017

X. 9 )(i

11, Xlx8, << 17

1 3 , 5 ' o1. '.Hi)

5, 2xs

205 i^Z

tin.

T o t a l i Secured !; bonds \

, 2 ,

-

7S. S(\xX*,. (M06X, 52297.31'JS5, 5 57

2xV..2lX22! 322 '\\7 2-H

12. I <705, 063

10. 700

112. 518

<:. 712

12, V)721. 3f>660, 61 1

>7\3ri,~~>, 5 s **

271,720<>'2*> 6 9 4>{M) 2 9 1

26. Sss2s, 16113,991 ,53. 307

I, fo(\, 195

110.511

1 i. 5995(>. ixs

1 9253,715 ,

Is, 21.".3 1, 072' ' I . lsl

im 6(<! ,5. 72"*

2'.7. 0<)i!') "Ci517, U3 '

736..S91

61, 108

9005, 1.59

28, <xXfj117,701 1

9, H "1 t \ - 7239, •),"!

10. 3s()

13, IHiu s p

125. 6s 1

706,017

58, 837

H i mistered

Issuing 'ind !disti Hinting

evpense

1

i Com- ;1 pensa-ii l ion to jI under-!| writ-i ers, ijageutsjj etc. ;

2, 6950 ^l'{4.5S13. :>M2 J61K D s

( 1 . f > 0 i

6 , t, ).~\

5, !' l (1

s, 2'<3(j. 2s 71.3-7

61 7>>">

5, 1 i()

1.013I, 1902 7521. 6752, 12 s6. 6785 0i)66.0 512, 0531.2-71.0693. i l l

1.5.-15

;

Otherex- !

pensos i

j

3'H)<s21ii 1 £5X7500

1. 1621,1M1

7d22. ' 1! 01, I s ' )

675

1 1 , 5 1 2 1.

9-62

'h .J206621

1. 1902 57

I. Gi l9 !2

1.2151252; i ;

6 " M

1 V)')

:> 201 :.

767 |

or account of issuers, exclusive of substitute securities

60J325 sX7r>i

2nsJsx27X

S 9

3 f7I'll1^1

. ' K

p>;

1 JI

J !5X

22\)2^

211Jx_270

)•>|.>

!o7i n

* 17

120

- uj

07S 39,sOO ' 2,s^9 1 7,

.311121 1(),3 53 !2If«20 113.

.71s 17'2X') 5'i.

. 775 1 s.012 11,2*7 29.

, 6(>7 191,

221 | i i .

2(> 1 3 .9f i.l 7 .

Xsl 19.502 1 72,Vii 3.o l s '{1,131 21,20 5 1'*,.63 S .i.05", * li.HO IO H X.

! ' H 20 '.

»,21 If-.

ss an ioun t of securit ies 1<%HS>

T>pe of S«M

curedbonds

30.52510, 15012, 22X61,301

7, 500227. X00

86 22797. 210">[ 7 in

110, 9 l0\i'K >>•) 1

if>.!.6i

8.j ( . , '0»

69. I l l

70.91 50

22. (.15x-;, 562

f)

71 279112. 121102. "21

J. (>oo5( i! 1

J 7 , 7(Mi

1 0 , 'H)0

^W7.O12

11, 118

s Pre-ferred

' stock

_

7102. 02S.i. 8112 1X1

23, 397•'5 2252, 9t>25 -1.V)i 5221 ( .-,

21, HIJs..V.«.

'•2. ^7s

7.710

.^ - , i V

2. 70"1,711

27. 00022,26012, 075J() 106J1, 62X

I, J 562 J 0 0

3. 3918,710

^ 3 , 3 1 7

11. 2T6

1{."orn- 1111011stock j

!

17,2x6 '61.70137, 35'i22, 2"713, 17012 0-919, -Li26 1772 f, .< 1911. \2.>,51, "2».22.OS!

.52n. 29X

27. 191 '

x, 7.".79, C15

J 2 , '56717 1 >x2J, 1732i). 307 •16. 1 )'.\ '19.01112, J 7211..51731 413

<\ 076

22S, ] 17

19, 037

P r o p o s e d for sa!e

Net cash proceeds tc

Purchase of—

ew Secur-11 ev Hies

! for

Secur-itiesfor

invest- aiiili-111 en t ation

330 rj Hi 0J17 6!.x:u vs'j«j667 41, 09S 067s 18,932 20119 1, 1O0 0 '60 5 6. 1)7 119 '7 57 3'). s27 011 1 2fi . I D J 10 '

370 26.671 501 'sM9 2 1 , 0 ' n 0791 3*. 377 79s-116 27...20 0

22^ ''.<",, 007 - 3s0

I so 27,917 i(<^

V72 20, ~ !•» 0^91 2. 1163X2 1 ( '77 TOO"36 3 . 6 2 9 0*x-l 11,27,^ It*015 1 1 . 7 1 6 VJlX46 1 9 . 0 1 s S9X006 2. 195 i>i57i 11 . 'Wl M s1(I2 2 , 6 '2 i'^22 57.51] ,-J79ISO .) 1JM

I2'» i2W.-.',7 2. S*

••77 10. 770 20 7

O*he

asset

000

1.472232

533

2 V 700

is,")

. ' . 211

Isi

<)153

2\(>•;

521}

no!,5s6

2.110

190

2 . 2 ^

J W I !

^.ecuritie" reserved for con

1

cei-m;-cates of

participa-tion., inel.warrants

Extrac-tive in-dustries

and rights

_

j s. r.xx 5695 } , 2 S 1 I . I l l

j 5. l ' ,0 M.-7.591 1 1.-0

22.911 1.074\'.»'»J '59

5] , -,!'; 0l\ ! SI 11723.03s 1,31']

s. 17'. • <7710. 31! ! .5!sI.1. 1 LI S, 2si

2tM, 297 25.^,2

20,775 2,151

22 S'>6 5233. S7.I 01.0' K '2X01 7t/> 3123,40'! 2 i !

10 ')<•(', 12 2 (»0

10 7,'i1 7020 2 717

80(» 1.5X21.000 1.52"'

1 2 , (1'. 1 (1

0 6 l t (

71,672 26.3X2

5, 973 2, ' 99

I

• b e u s e d foi

i m en t

s notesj

626

611955

1175

270S S

64

.SiJS

t>7

36,117.

sLX7122217

•1

L13

126

97s

M

\ ,»i\si

7UoSJ566S38937477l 058121X0191s')l5o7

034

336

101JOi

r)A i

t j s6 ( 1(PWon 1M77x9'2^97020x

( >!5

576

Repay-ment

ofotherdebt

1562. 124

;>5x675

9, 17021.3S5

7, s6011. 1 565.012

"6. M«J3 ' i

2, 03t".

101 0X7

V>7i

2. 161J,3"!l

217!, 629

5615,017

IN', 6971.X07

009!. 2237. 3Xt6, 161

11,166

3, 76, {

on or snbsti

! Manu-j factur-

ins: in-dustries

>31

1,

117.^_r,n57.0].

11,

5«M.

',],

IO.6.

,56,J 16,

3,9'5,8s.3 1,

3,X,

y23.

465.

2(;951460.15 57961Ms'»9 5l<966X1226«M0'.'

r,-,o

722

26282103315077'J097 ,912 i111 !1X5.Six929117 '

CA\

S01

' . ! !Re t i r emen!

ofpre-

ferrecstock

£jini-zation

ex-

i j

0 • 0 !0 4 i0 0

iiw • 0 :0 1 ;0 8 !

21,053 1 i13, M 9 (2)

0 1117 0 1

lx. !fo 2 i10. 191 (2) ;

6s . 100 17 i

;>, (>7i 1

35 5s l 0 i0 2 i

191 15 !J ,031 2 I

0 0lOo 9

1..162 0 |2. 117 1 1

0 0 •

13 ' 4 :3, 21 t 15 :3,391 ' (2) |

50,5 53 47

1,211 , 4

of registrant

i Trans- , ElectricFinan- ; porta- lii?ht,cial and tion and i power,invest- < com- | heat,men! muni- ' J?as, and

s i

ili2(31

s68-[

157lIL

. ' • •

52i

lr)

-r)

{

1(

1721213

19')

10

170

11

C:iHoii 1 water

, 6xi*, ."00, 050, 751. 315, 52X, 213. \)~i<) '

. 169

, 52s, 6 19

207

, " < ' l

, 3(»o, 660, 71x. 271021911

. 102,894

111. 927, 776221

170

, 206

_ |

0 j 39, 7050 i 67,308

2.115 i 04.990 ! 64. 5J4

0 ; 21, 14530.555 84,91929,978 j 3,255

0 1 243,9710 1 00

4, 239275, 173103,219

0 82,2S0

71,877 | 985,488

5,990 | 82,124

0 108.5121.S27 5, 090

0 27,5065,305 ! 117.712

250 ! 31, 6053, 921

28, 834124. 971

82, 9144, 548 217,149

380 ! 01,750 j 11,1947,823 i 54,9551,401 ; 119,176

56, 037 900, 785

4,670 i 75,065

Miscel-

lane-ousand

unac-counted

for

3793121898027143

43262214

23, 08028

21,631

2, 053

106

2629

3648. 787

1329, 426

192f)

8

38, 69G

3, 225

Other

! ~

636878

7, 9371,104

060, 550

5,1423,864

9541 1,500

63, 4752, 414

148. 455

12, 371

450969

1, 0372. 2912. 696

15, 5003,141

33, 4441,9972, 250

5112, 891

67,177

5, 598

Co npili ' l 1>: the S(cmitia and hubavae Commknon. These <Hta diuYr fiori the ^r ios publisl e<l in the 1910 Supplement b \ the inclusion of securities registered in con-m ctum with exch'i'me plans of companies, whether or not in reoi uani/alion, <>r in connect ion with the issu-mre of uenific Ucs of d(»posit and \ oiinti trust certificates. The latterut designated su))stitu!o s(cunlies \ t present Ihesc data ha \o been compiled b<-"inmn^ only in 195S; earlier data will be shown is the.\ become available. Data for19'0 are on p 34 of this issue. For a more detailed description oj the jn-rie^, ^ee footnote 1 to pp . 66 and 67 or th<> l('10 Supplement.

1 I nss than $'00.[[.(•hid< s ^12,57'),000 in f u-e amouiiL ms falment certificates which are. not included in the break-down.

Page 18: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

1G SURVEY OF CURRENT BUSINESS November 1940

Table 48.—OPERATING DATA OF TELEGRAPH AND CABLE CARRIERS[Thousands of dollars]

Operating revenues

Total

9. »i50s. Oso

10.021Id. 1M.

Id! '3010. 0:,3Id. :M"<

o. 370

11. I 57

122. 17s II J.

0, 1010. 2!0

Year and month

1934Total....

Monthly average.

1935January _FebruaryMarch / .AprilMavJ uneJuly .AugustSeptemberOctober..XovemberI H-cember

Total

Monthly>verage_

1930I .in uar \1 cbi u i' \MarchApril - . .May . .June . . . .July-AugustP<P enbei(>< h berXo\ emberl)e CM ber

Tolal .

Monthly a \ cage

1937January i 11,300 ; 10,332February i 10,545 9,659 IMarch ! 12,303 11,311April -.) 11,425 10,444May . . _--.j 11.371 j 10,524Juno ! 11.648 | 10,759July _ i 11, 123 i 10, 159August ! 11.186 i 10,281

Telegraph| carriers

| | Western •

! I revenues:I Total I from 'I | cable '.

Cablecar-riers

Op or- Oper-ating ating |

e\- in- |! penses conic I

10, IV) 9. '22-(|, M i s, os,]

10. 0 4(> 10.052JO, S19 ' 10,00110. s in 10.029n . ^ 9 I IO,:^ ,l i !20 Id " S 'in OM i, I2h

i i '<•.(> i . 7 i i l

] d ( » ') s iS i

\2 072 | 1 l . ^ r j

1 ;J,666 ,122,116 ,i

11,055 10,176

SeptemberOctoberXovember1 )eccmbcr

11,24211,01810, 17611,730

Total il3o7orT! ' !

Monthly average ! 11,256 J 10.324 ;

10,10,()t

io!

305082297740

893~

107

10, 72U 102,73s

S01 ' (S, 561

s. 402>, 051s, 491,\ 171s. 700,s. 51 iss. 62i'«

1,061

70!Mids! i

s . :{»•.(!

s. <;os

.'tilISO

666

i 5us

578547633608

560533 i562 ;599 :546 I580 !

s 47sS , ' ( ( > • •

s l ' is', J

1,071

002

s!7

100, 0( 0

'». J",s

9. 52")• U I 70 s2"

10, O'Kl

10J),20, 75'i

0, 1 "»iin, 210

9 .711

72s"01

[ <)<-1"

I 27 iI. "21I l<<4

" 7 iI, >\2I !(.".I M 0I n l 7I 7 2

"74 II ,

3 20 i

on

I ,02I. 102I. |HlI 72"I "si] 22sI i"_I MOI 2t»sl , 7 l l

l i i M">

I 127sol ,

I, -061,020

( \i |St,h !".If I

70')12s1 si

2 M 1

JI.O

11"

127J 0,s

1 (12

Operating revenues

I Telegraph Ii carriers j

s l l71(t

s l l

1, 171

1,0072s"

127

Year and month

193S

I iiiu a\I 11 m.iijM mil

Total

Tota

| Western!! Union Cahlerevenues car-

! fromI cablei opera-! tions

Oper-ating

1 e.\-! penses

riers

M i\JllIK .Jul\XlU'^t

-< I t . n IxO tc It. r

\I up.1 h i \ average.

1939J 'i m i \I < 1 in n \Al n d i . . .\ i u i l .M !\

9, 7019, 14910, 62510,09410, 13910, 3999.85610,31410, 73910, 3519, 94411,529

8, 840 j8, 384 !9,770 i9,3459,3469, 5909,0479,523 ;9,8509,4909, 114

10. 553

506117

862765S")71970]MM

M.lsUI(i7t)

Oper-atingin-

come

Netin-

come

9, 2768, 6_29, 2389,215{> 3 V, '9, 1M> ,0 lJ,09 212 I9, 111 i9, 171 ,0 2H9 9s7

* 255* Us

712

n10C5 VJ

* 1.078

4197

« SOS

4 615247

; 122, 842 112, 858

.: 10,237 ! 9,405

9 0^1 110 81S; , 1, 1S2

8 2 9 23 . . A 1 *

l iu .Juh

l o t . ]

Monihlv ivorage

1940I m i h t \ .1 « r>i u ii yM , ! ( h *\ P P !M i\Jun.Tnh

9.689 ;9, 196 ]10, 622 iH)] 156 j10,860 !10,891 i9.900 !10, 690 !

12.495 ;

11,08710,31311,925 !

8,829 ,8,436 i9,717 ;

9.38310. 065 '10, 1139. 1899, 887

11,0799,995 ;9,324 ;

10, 822 !

502514 '.501451 ;542900684 I610 :

658 i

860761906773795779712802

1,4171, 092

9891, 103

9, 0908. 5989, 2569, 0809, 5329. 4069, 2919. 3869, 6759, 3089, 210

10, 008

d 397004376-34 ,844

d /?? '621 :

2,0721,004

424 ;

1,212

127,825 1116, 837 i 6,940 ! 10,988 1.11,840 I 7,869

10, 652 !

10. 14".in , 02010, stls,l(i,66111 .-sr,11. I ih

916 9,320

9, 1510,00 40, 0329, 6s 7

10, 505i0, 10S9 fnif>

iO9 i500501504 !H I ! '•

, " . i > ' 1 ;

513 ;

001920030 '973

1. 0220! sst>7

9. 40sst so29. 'u, 19. 3210, sit')9, f'219 s7,j

3 i2 :413 :026 |6 1 ' !

3, ".i") !7",,; j2n1 i

3 gh

12314"39746*

656

2481.311

230

33 i

* .?, 201

- D e f i c i t .1 R e v i s e d s e r i e s . C o m p i l e d b y t h e Federal Counnun'catiohs Commission f rom t h e r e p o r t < of t h r e e tel^v

$•"0,000 or m o r e . T h e s e c o m p a n i e s account , for p r a c ' i c a ' h ill of t h e t eh^ j i - iph a n d c a b ' e b u s i n e s s a c c o r d ,t e l e g r a p h c a r r i e r s , f o r m e r l y c o m b i n e d w i t h t h e d a t a f<>; t e l ec . n>1% n 1 cabk- c a r r i e r - , h w e b e e n e x c l u d t d fioTiof r a d i o t e l e g r a p h c a r r i e r s a r e n o t a v a i l a b l e b e c a u s e of cha r _( - r t i e j ' c o u n t i n i z .^\ ^U m . I ) a t a i n c l u d e a co ra n d - c a b l e o p e r a t i o n s . N o c h a n g e s h a v e b e e n m a d e in i b e -^cru- o-i o p e r a t i n g r t \ c n n e , - oi n d e g i a p h c a my r a p h c a r r i e r s b e g i n n i n g 1913 a r e a v a i l a b l e o n p . 87 of t ' e I'1!') > i J P p l e m e n T .

jnd fJ e L \bl»» r uric-, ^ n intr innu d "peritinj; r( \ ciue-. (tJ Me ( eiMb of 1 lpctnc 1 I ldustue^, 1 '37 Dat i foi rnho->eTu^ht e ihow i , incomparable d ita on expense •. cind incomeU I \ P 1 \ »m 11 amount of levenue from transmis^K r-^elepl oot'i i I c bl»> u n i « s nnu l d A ~* on opudting ie \e 'nu- or H 1*

Table 49.—SHIPMENTS OF GLASS CONTAINERS :

Month

1934 1935 193G 1937 ' 1938

Total, all types

1939 1940 1934 , 1935 193G 1937 1919 * 1940

Narrow neck food

11'iuai \11 bin ir\M lie1!VpnlM uJuneJuhVllC'lst^eptt ml orOctobeiVo\ ( Plbi 1J)rc< mbci

Total __ . .

AT >nthh a \enge . .

i 2 " 0 070 2 674 0 2 ) 2, OK), "07 W 2M } e n ) Sl_ -> I n si ,2 >7i 012, 2 "i7( 9 0 , j UJII M7J i 71 72(> - v )J 21' •> ->1(J 222

1 007, 421 2 'iti '42 i 4 > sw s " s ^ > , (, } (42 ^ «n7 i s2 ssj 470 2 92' ^77 > (>0 S'i), f s0 }«0 of ' 0 0 (70 ()0l1 lr>! 2^s | i 102 tut I 001 707 l s i > 072 > t\2 702 4 17 » " i o} 120 210i i 220 7)7 4 004 <- > "• I •> 1 ~ 4 , > 7 * s f 7 ' M l I 0 2 1 t ^ s

2 902 7s i 3 42f' "'H 4 i s N) 4 *>", 7u~ 7->2 101 4 h n 172, i O'o 7)1 i 720 "00 4 i .0 11 1 4 07i 212 4 1S2 00"' 4 ~7i 2*7

3 2~>2 l s s i, 672 010 4 346 217 1 40. oi 4 9 7 ' 1 » 4 ^7 2so3 102 096 3 >P7, (<»".) 4 -510 017, 3 Oil S7^' J, ( " M2 4 477 "4^

I 2 T ) 24() 2 9 , 7 317i 3,610 ss(>| 3 2U 40f , t s l 14 i s s s 2MI 2 42S 270 2 " i 0 1271 3 070 01h 2 0s >n { I T f •»( ()7(» > * T1

M s J 3 707 i " 412 770 4 i s ) Oil "0 041 s"2 4> ? ' s 110 40 1"4 2")f>

I 2 ( t02 s ] h i 117 7 n > 7^2 L I 4 170 404 ' 000 s i , 4 000 l s s

1 22 i -1 )4 ]) 2 If)1 7fn l l s

4 ^i2 1001 '»"> OiO

l " i / i sI i 7 i ^17> 4i0_11 OS207 11 Sin 0 40 i

701 0(/()|. 2 7 ISO,104 0 1'101 s t •

si() 61"

121 00Sj - ) 2i)l> 2 007141 67s1< " 4)921 < 910

; M 4 U622 94428i 0i4I P , 427,s" s7l |

3 0s4 010

2 7 001

1 1 " 0 *2HO S >)17 i ' i ,loo 00212 1<()2 / ) ^7

( 1 2 0 1'S36 4113s() 311i11". J H142 07

147 000142, Lx104 3i42(A

i7i 11719 i sS00 20273 70011# 00'.

so l i l

01 -i 572,647

290

1"J 437I4w 42*10( 401

20 4 940217, 4 »121 ">, 2307 1 " " 6 1 :

ros 9s j|222 0]s124 227

i,17l 7"7

264 31]

147, S(K,148, oli174, v,,s,3s7 1' "'

27. 942327 4Hi70s 2')0j

2)5 "lOj144 f2-)l ,104 242

1 See footnote on next page.

Page 19: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

November 1940 SURVEY OF CUEEENT BUSINESS 17

Table 49.—SHIPMENTS OF GLASS CONTAINERS—Continued *[Gross]

Wide mouth food

785, 380740, 854876, 499846, 646917, 267

796, 196790, 645872, 397883, 098954, 952|931, 628952, 678010, 448 I

549, 712347, 642j316, 736!252, 473231, 748213, 903244, 622202, 732338,511459,111486, 381499, 026;

327, 694!342, 714!389, 796408,532464, 725394, 990382, 47343, 439539,844674, 644734,108)658,364

455,8431463, 206J598, 795564,211)522, 840534, 004485, 505454,122656,828|904, 1161948. 3951787, 742!

JanuaryFebruary .MarchApril....MayJuneJuly .AugustSeptemberOctoberNovember.December _.

Total . . . . . . . . . .

Monthly average.

521, 8021550, 0451683, 100j632, 669698, 742704, 922678, 974

614,631595, 799657, 691625, 428709, 458688, 287749, 931739, 6151592,198732,098531,335436,190

685, 4501668, 652j762, 518734, 597736, 791779, 842813,831!771, 382|703, 774|778,663i634, 162!602, 611 j

936, 303787, 995644, 703682, 267547,358448,616

672,273 9,917,808 4,142,597 5,661,389 7,446,640 935,521 7,375,607 7,866,615

039,388 754,3691 777,630 722,689! 826,484! I 345,216 471,782 620,553 661,293 614,634) 655,551

I ! i I! I

Medicinal and toilet preparations containers

JanuaryFebruaryMarchAprilMayJuneJuly.AugustSeptemberOctoberNovemberDecember

45,949134, 532!31,164!35, 93734, 49229, 90926, 94349, 599|42,11356, 103!46, 765137,931

39, 58739, 77736, 69432, 83940, 72632, 54137, 02637, 09036, 63839,721135, 396!25, 867|'

40,83938, 092)32,166139, 899!45,14929. 85742, 74343, 72257, 20549, 36540, 35227, 890

37,84744, 86937,05137, 48341,30130, 60328, 40333,891;

1, 478, 040!1, 338,120|1, 445, 9271,280,4291, 204, 7071, 300, 7541,134, 759!1,198, 2501, 269, 0221

1,361,3901,069,170

843, 932

1,066,818945, 313!

1, 085, 4771988, 488!

1, 030, 236;975,409935, 489!

1, 200, 766:1, 2 2 , !

1, 430, 834!1, 209, 398i

971,041)

, 335,992,191,698, 200, 772, 118,921,211,852,100,649,147, 298,446,461, 458, 718, 600, 946,351,024

995, 363

65, 071 !

59, 858!73. 649i60, 187]96, 79164, 37964,64189,912!77, 640!86,601''54, 93351, 477;

36, 94436, 67634, 94441,01545,09640, 61839,410]46, 775!41,197|48,128!34, 101!23,319;

33, 42428, 29934,04626, 25341, 58232, 32534, 92648, 444136, 02750, 09144, 56730, 701

991,391996, 100

1,196,1, 038, 392i

936,401!877, 979|804, 0751

1,011,1491 1l,005,8671,216,2751,031,758

918, 305

132,529!047, 326!090, 308;968, 478!942, 3891907, 058,!

922,543037.599! 1105,830|310, 182; 1079,018! 1876,872) 1

304, 270 14,990, 578; 13,067,141' 15, 225, 694

Month ly average 1,007,044 1,035,011; 1,192,023 1,249,215 1,088,928: 1,208,8

Pressure and nonpressure ware General purpose ware

161,114;196, 443!270,921275,872258,404212,945157,397!180, 154!172. 1().'{199. 582140, 609139, 880,

JanuaryFebruary-March.; .__...April . . .May .June _.July . .AugustSeptemberOctoberNovember..December

Total

Monthly average........

62, 19167, 191

108, 293179, 837;197,676!216, 140165, 846111,05459,01953,05051,09455.145|

66,02179, 570

100, 224230, 127326, 496300, 776311,895195, 2871102, 214

76, 82184, 777

110,575

170, 964175,000274, 77382, 940!487, 4791564, 319408, 078270, 759141,95185, 29373,92397, 737

121,919!146,381277, 551405, 470536, 969590, 839395, 579204, 351150, 463107, 74391, 702)118,550

189, 225205, 633,255, 412!227, 0571246, 220|259, 492181,770224, 098205, 510!240, 285185,950204, 055

253, 128)233, 615255, 922!282,176!258, 614242, 980198, 995212,3371199, 68O!207, 282!151, 726!107,125!

204, 073249,192265, 433277, 446288, 594249, 325209, 806312,899286, 776330,381281,165214, 040

0 0 , 6 j04, 104!

104,024!140, 220188, 090229, 955159, 489i90, 277j56, 204|46, 078!54,02759, 5901

124,659!172, 036!294, 235|397, 982!474,144!458, 966;312,705J195, 747!91,584!70, 602!67,112)85, 593

153,103, 3581241,925!233, 918j206, 733 j187,403!155, 277)188, 260;185, 696!192,671!142,743!120,916!

2,172, 7081 2,625,307 2, 603, 580!

i ' I1,252,795; 1.327,142| 2,110,783 3,133,219 2, 745, 365| 3,147, 517

181,059 218,770 216,965-

I !

115,590!132, 584!237, 972288,018349, 297300. 750243,9111211,052!

76, 095 j46, 802:72, 724;64, 587 i

73,311184, 099

157,114267, 422359, 096403, 708203, 808)180, 8471120,540'100, 129i103,818)129, 1061

116, 565!148, 800146, 666129,887165, 929177,020i168, 343'149,465!140, 958!127,507!129,273;155,704!

178,858;182,050:102, 853!159,708-218, 275!

214,880)246, 830'214, 070!205, 109!177,488!168,841!177,577:

143,580124. 302101,505173, 21KISO. 70:-!107. :.9'J100, 52020.". 114ISs, 01',lV, 21")10L>. (120170.274

100,75;)151,303173,088170.511i203. 207

SeptemberOctoberNovember . .De<embei

Total . . . . .

Monthly average

1. 318, 11* 1, 3T>, 100 2, 673, 553 4, 313, 407 2,136, 042; 2, 339, 064

109.843 111,267: 222,790 359,451 178, 004; 194, 022!.

1,702,117 1,941,829 2,307, 247) 2,419, 631 2, 000, 522 2, 242, 6W01.

! ! I ! !140,843 161,819i 102,271! 201,030! 172,210: 186,891L

Domestic fruit jars and jelly glasses

Month

January . _February, ._._.March. . 'April . .May . .JuneJulyAugust ,.,._.„

1934

12,5119, 08831,30359, 030127, 452

1935

29. 904!10. 000!10, 712)40,491!

107, 307|160,034 183,615!150,020 282,030!107,150! 102,620'

193G

6, 5355, 8257,44751.395189, 739182,38599, 65772, 529

1937

4,26313,17924, 24930, 938102, 602171,474192, 420330, 081

1938

3, 8545, 307

12, 20233,90397, 002145, 521214, 743128,104

1939 Month

2,8032, 0049,941

40, 898107,300109,459i _ . , . _ .137,714 140,210!143,914! 105,853 IN

3,339 September.l,811j October0,123) N 0 v e m b e r . . . . . . . .

17,580 December59, 459

101, 708 Total .

Monthly average..

1934

05,12914, 1994,6187, 548'

758, 703

03, 225

1935 193G 1937 1939

240,313 59,805 177,330 61,536! 107,86117,7851 8,078! 16,016! 5,61*2! 11,918

2.4851 4,398] 1,252! 1,200) 2,0182,565; 3,943) 2,8661 l,54Sj 2,357

1940

1,132,439) 692, 396)1,072, 730! 710,808! 739,147

I I94,370) 57,700; 89,395! 59,230: 01,590

5 New or revised series. Compiled by the Glass Container Association. This table presents a detailed classification of the glass container shipment? which were shownin the Survey in total only prior to September 1940. The total shipments include revised data for 1939 and earlier years; annual data on total shipments for 1928-32are shown in the 1940 Supplement.

Data for milk bottles, pressed ware, and fruit jars made by the west coast group of manufacturers are included in the totals but are not shown in the individual classifi-cations. Other classifications include data for the west coast manufacturers. Detailed lists of the items included in the various classifications are available from this officeon request.

270893—40—3

Page 20: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

18 SURVEY OF CURRENT BUSINESS November 1940

Table 50.—FEDERAL RECEIPTS AND EXPENDITURES[Thousands of dollars"

Months

JanuaryFebruaryMarch _ _"_AprilMayJuneJuly .AugustSeptember IOctoberNovember .December .

Fiscal year, total

Fiscal year, monthly average

48, 64256,176

506, 02040, 28243, 389

356,15042, 22138, 032

329, 04237, 65234, 142

319,143

304,287 8,765,338 |

608,691 I 730,445

Expenditures

Transfers to trust accounts

1937 1938 1939

1110139

324500, 38083. 25520, 00014, 00014, 00014, 00020, 000

15, 00015, 00015, 0008, 603

0800

97, 1079, 500

11,50011, 50016,50016, 500

003, 401

50, 283

219,658

18,305

1,5000

IS, 0000944

124, 10318,1007,15010, 00010, 00010, 000

182, 204

15,184

* Compiled by the U, S. Treasury Department. Data are on a current cash basis (unrevised Daily Statement of the XJ. S. Treasury). Net receipts beginning July 1, 1940.represent total receipts less net appropriations to the Federal old-age and survivors insurance trust fund (social security-employment taxes less reimbursements to the generalfund of the Treasury for administrative expenses), which under the 1939 amendments to the Social Security Act are appropriated directly to the Federal old-age and survivorsinsurance trust fund. To make data for the period prior to July 1,1940, approximately comparable with the classification effective on that date, transfers to the old-age reserveaccount (for the fiscal year 1940 transfers to the account less administrative expenses), formerly shown under expenditures, have been deducted from total receipts (to obtain thenew series "net receipts"), total expenditures, and transfers to trust accounts. There were no transfers to this account prior to January 1937. The series on income tax receiptshas been revised to include unjust enrichment taxes, first collected in September 1936. This series as shown here and in the 1940 Supplement includes excess profits taxes.The descriptive note in the Supplement erroneously states that such taxes were excluded. For data for 1940, see p. 33.

Table 51.—INDEX OF RETAIL PRICES OF FOOD1

[Average 2 935-39 = 100]

Year and month Index

1913—Annual average..1914—Annual average.1915—Annual average..1916—Annual average..1917—Annual average..1918—Annual average..

1919—Annual averageJuneDecember

1920—Annual average.June _.December. . . .

Year

79818090

116134

152148160

168185140

989S94

1

0

=;()4

1922192-51924102-i19261927192S1929193019U19*2l(Hi10? 119-55

1921—Annual average ._ _ . . ! 128 0May 1. ____| 121 2September . j 129 2December . 126 1

1<H7FHS

191(1

i Janu-jFebru-| ary \ ary

120 9121 S12S 21 11 1\U 7]>l 11 5(1 0132 4

in o92 279 2S9 i

9" s94 S

11912-S12613913212s1291111OSso

KM97

April ! May i June July! i !

11912112d1 ^HO12912S129107

i d ) il»7

0 1 i

1211 1912")111.noI j>o127ISOKihS97h91

101

122 1120 5127 7140 31 M 91 Y2 0129 7129 9 '104 6so 779 192 4

101 39s 1

Wh 197 591 097 0

121 0123 7 |121 5 !HI 9r>7 »137 5129 7131 I ,128 1102 18") 7s2 29$ ()

100 "i101 7106 09s i(H ()9S 3

127.2121.7136.8133.8130.7129.2134.9123. 4102. 286.589.993. 399.4

102. 6106. 398. 594.397.4

Au- Sep-tem-ber

125.4 |121.2136.7132. 0129.0130. 5136.9122.4102.584. 991.294.299.4

104.0106. 997.593. 596.2

118. 1126.6123.1134.4134. 5131.0133.5136. 7124.5102.184.491.197.8

100.5104. 8107. 998.198.497.2

Oc-tober

No-vem-ber

I

126.8124.4136.8135.9133.0132. 5136. 3123. 8101. 284.090.796.2

100.0103. 0106. 597. 197.6

127.3125.3142.6137.4132.7132.0135.2120. 599.083.189.895. 4

101. 3101. 9104. 196.296.7

De-cem-ber

122.4126.0125.9140.6136.8132. 5130. 6133. 8116.596.582.088.194. 5

102.1101. 6102.797.294, 9

An-nualaver-age

120.3124.0122. 8132.9137.4132.3130. 8132. 5126. 0103. 986.584.193.7

100. 4101.3105.397.895.2

i Compiled by the Bureau of Labor Sf'T'W/r-?, I ^ Department ol L tbor 1 he indexes In gmniriL J urn ir\ 1035 have been computed on a revised basis, and related to anaverage of the years 1935-39 as a base. [iMoxo prior to I m m r \ 19>" weio comerred fiom The o i u n il indexes ior earlier pricing periods. The revised indexes from 1935 arecomputed from prices of 54 foods in 51 citi ^ Pioli mi1 irv results of the Bure m ^ --til lie*- of i imih expenditures showed tha t certain of the 84 foods included in the previousIndex could be eliminated as their price ii1o\ ement •< were lepre^ent ed b \ the piu e mo\ <. \v< m of lei ited commodities. New weights for the 54 items were prepared fromresults of the 1934-36 s tudy of expenditure^ of w !<re eirnei1-.' aM lowei il inea \vorkrV f unilie^ b* J.I mpmg the amounts spent for foods considered to move similarly inprice. Thus , the prices are weighted, nor onl\ b \ c\\x nditures icr * he s»ei liic fooiK but h\ expenditure for the entire subgroup of similar foods. The weights differ fromcity to city. Average costs for the 51 cine combined weie computed fiom the Mini of the food t o ^ lor e uli citv weighted according to 1930 population of areas classified asmetropolitan and of cities over 50,000 popul ition not witnin ins menopoht in r e i . VIIMUII a\ ei )<:e m b i^ed on monthly data for all years. Revised monthly indexeshave not been computed for years prior to 192? except a^ ^how n ibo\ e H M J^O for December oi tho \ e irs 191-1 to 1918. For a more complete description of the original indexesfor years prior to 1935, see footnote 4 to p u o 12 oi t'ie VH0 ^upplemeLf.

Table 52.—ELECTRIC RANGES—BILLED SALES[Number of units]

Month

JanuaryFebruaryMarch _ _.AprilM a yTune . . .July\u°nstSeptember

NovemberDecember

Total

Month ly average -

1931

3. 92'.i«>. 501

11.73113.80111 541H), IS27,3164 5907, 8907 9(V>3', 4952,994

91,181

7, 598

193?

1.6120, 657f>, 102f>. 0064 7335, 8374. 3163 7253. 5502 on

1, 930

49, 953

4, 163

1933

4392, 4012, 6213, 4005, 0025, 4604, 6554 4224, 8906. 4656. 5025, 511

ol, 828

4,319

im

3.011

I))! 37814,47710 39413, 62011.63711,33311,9328, 8347. 5007. 520

122,817

10, 235

1935

6, 00611,01317,77023, 00227. 19920 07716, 55515, 39614,44717, 73515, 83114, 932

200, 623

16, 719

1936

11,69616, 06231, 17632, 50234 22532, 74123, 98120 60425,14224, 37619, 89625, 612

298, 013

24, 834

1937

26.16624, 53747, 54344, 08739 76143, 64532. 30420, 00027, 18022, 31913, 58112, 649

359, 772

29, 981

1038

18. 50022, 62829, 63626 42124 44322, 50521,15619, 26417, 76617, 75614,01113, 576

247, 662

20, 639

1939

28, 07427, 05830,17526,14132 00027, 25619, 24924, 61026. 23523, 61119, 00813, 429

296, 846

24, 737

1940

36, 39532. 99839, 64343, 30842 9S333, 40329, 62629, 12832,167

1 New series. Data are compiled by the National Electrical Manufacturers* Association from reports furnished voluntarily by its members. This series replaces the datafor dollar sales of electric ranges formerly shown. Data cover sales of household electric ranges of over iy± kilowatt capacity in the continental United States, Hawaii, andAlaska. The number of firms reporting has increased gradually from 7 in 1931 to 11 in 1934 and 1935 and to 18 and 19 from Ju ly 1939 to date. No estimates of the coverageof the industry are available prior to 1935; in tha t year the association estimates tha t their coverage was about 60 percent. For the years 1936 to 1939,inclusive, the associationbelieves their coverage to have been between 90 and 94 percent.

Page 21: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

November 1940 SURVEY OF CURRENT BUSINESS 19

Monthly Business StatisticsThe data here are a continuation of the statistical series published in the 1940 Supplement to the SURVEY OP

CURRENT BUSINESS. That volume contains monthly data for the years 1936 to 1939, inclusive, and monthly aver-ages for earlier years back to 1913 insofar as available; it also provides a description of each series and referencesto sources of monthly figures prior to 1936. The 1940 Supplement may be secured from the Superintendent ofDocuments, Government Printing Office, Washington, D. C , for 40 cents per copy.

A few series have been added or revised since the 1940 Supplement went to press. These are indicated byan asterisk (*) for the new series and by a dagger (f) for the revised series. A brief footnote accompanying eachof these series provides a reference to the source where historical data and the descriptive note may be found.

The terms "unadjusted" and "adjusted" used to designate index numbers refer to the adjustment for seasonalvariations. Data subsequent to September will be found in the Weekly Supplement to the SURVEY.

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

1940

Sep-tember

1939

Sep-tember October Novem-

berDecem-

ber

1940

Janu-ary

Febru-ary March April May June July August

BUSINESS INDEXES

INCOME PAYMENTS!Index, adjusted;

Total income payments ...-.1929=100..Salaries and wages doTotal nonagricultural income do

Total mil. of dol_.Salaries and wages:

Total do. . . .Commodity-producing industries..doDistributive industries... do. . . .Service industries . doGovernment „ doWork-relief wages do

Direct and other relief doSocial-security benefits and other labor in-

come ". mil. of dol..Dividends and interest doEntrepreneurial income and net rents and

royalties . mil. of dol..Total nonagricultural income do

AGRICULTURAL INCOMECash income from farm marketings:

Crops and livestock, combined index:Unadjusted . . . 1924-29=100..Adjusted do

Crops doLivestock and products do

Dairy products doMeat animals,. doPoultry and eggs do

INDUSTRIAL PRODUCTION!(Federal Reserve)

Unadjusted:Combined index 1935-39=100-.

Manufactures doDurable manufactures do

Iron and steel. doLumber and products*... do

Furniture* . do.....Lumber* do

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

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

Transportation equipment* .doA ircraf t* doAutomobiles doLocomotives* doRailroad cars* _doShipbuilding* do

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

Shoes*. doManufactured food products* . . .do

Dairy products* ___doMeat packing do

Paper and products*. doPaper and pulp* do

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

Printing and publishing* doRubber products* . do

9

v 6,446

P 4, 011p 1, 541r> 941*>807v 550v 112

v 148*>897

p 1,302v 5,804

P93.5

v 64. 5v 83. 0

P85.0

p 128p 130v 142161

v 132

134v 142v 153v 143150

126118117

89P 1 3 9p 135p 220

v 118108

102109130

112

86.185.086.96,025

3,7381,39889882750411187

140

1, 2615,386

93.073.564.582.084.084.567.0

11611611112511711511910612913013615711211074175629875 |132 i

119 '98108111116135113110125121114116114111124

88.086.988.56,259

3,9111,472

541124

133775

1, 3525,541

107.076.568.583.589.087.066.5

126125131159121125119117147137139145124 !142103194949299140

12010911610610711785113136132122133121122128

88.587.789.3

5,865

3,8791,449

91585053712888

134486

1,2785,239

90.088.990.4

6,904

3,9081,420

94586254713489

1371,517

1, 2536,321

90.388. 290.2

6,093

3,7671,349

90284753513495

148840

1,2435,533

'0.076.566.086.591.087.073.5

12612613616112012511612315712612613711412711821811195112138

79.079.074.084.091.582.070.5

124126139159111123105127156115105119 |107 |149 I152239 |150 !102 I132 !146 |

1181031139997

10975

131133131121141118119129

11586

1149591

10773

148128128118140115120118

9.079.072.585.095.084.565.5

1171171281449810993123151906970104129136251130 |102 !133 j144 j

109 i80 I11199 !97 !100 j71146120 I122 !116 i138 |112 j106 |122 |

89.787.589.65,604

3,7421,33988284553614095

151447

1,1695,108

60.584.081.086.594.082.080.0

11311412112110111396123140836050109106138251130103151145

108841111061079983124116118115125113109117

88.487.089.35,987

3,7841,35290084553914894

155820

1,1345,519

60.076.072.579.089.575.070.0

I

112112121113107113104126135101887111711114220313499158162

88.286.288.75,965

3,7841,35690084554014392

152799

1,1385,479

62.581.577.085.589.588.070.5

1111121191061091081091261291141151031169613926713098141162

10594

11399

10410095

116114114114120113111116

1051051148889

101112111119120115118114

' 114114

88.687.389.85,689

3,8381,391908854548137

168472

1,1245,211

66.080.0 |73.5 '85.584.590.570.5

11611612512311410811712612812914013111991130286118102137172

1091071138585108148117127128115122113119117

88.7'87.990.7

' 3,8711,419915860

'557120

166r 1, 050

1,115' 5,821

62.570.061.578.082.079.064.0

12112213415111611011912912912814314511779129

'321114106124176

112120110

116168123130131116131113119115

91.1' 6,103

' 3,7661,423' 923

854'452'114' 8 7

167' 9 0 1

1,182' 5, 562

75.071.057.583.084.088 065. 0

118117127147111

' 10711212912912ti130

6094

33970

116' 118' 185

1101121109196

120ltil109

• 12312311313510910310G

' 9 0 . 5' 9 0 . 4r 92 3

' 5, 787

' 3, 837' 1,489

••917859

' 4 5 5'117' 8 7

'164' 4 8 5

' 1 , 2 1 4' 5, 230

' 7 9 . 0' 7 1 . 0' 59. 0' 81. 5' 9 0 . 0' 82. 0

65. 0

' 120'120

127153123

v 118' 126

135139

P 133141

93f»0

38523

124129202

' 11489

112' 103' 1 1 3' 131

151102122

HI138110102

' 109

' Revised. v Preliminary.tRevised series. For revised indexes of industrial production beginning 1919 (1923 for industrial groups and industries), including the new series, see table 31, pp. 12-17.

of the August 1940 Survey. For revised data on income payments beginning 1929, see table 42, pp. 17 and 18 of the October 1940 Survey.•New series. See note marked with a "f".

Page 22: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

20 SUEVEY OF CURRENT BUSINESS November 1940

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

1940

Sep-tember

1939

Sep-tember October Novem-

berDecem-

ber

1940

Janu-ary

Febru-ary March April May June July August

BUSINESS INDEXES—Continued

INDUSTRIAL PRODUCTIONf-Con.(Federal Reserve)

Unadjusted—Continued.Manufactures—Continued.

Nondurable manufactures—Con.Textiles and products 1935-39=100..

Cotton consumption* doRayon deliveries* doSilk deliveries* doWool textile production*. _ do

Tobacco products doMinerals. _._ do

Fuels* . doAnthracite doBituminous coal. do. . . .Crude petroleum... _ do. . . .

Metals* ..doCopper* _ doLead . ..doZ i n c . __.-. do. . . .

Adjusted:Combined index . ..do

Manufactures doDurable manufactures do

Iron and steel doLumber and products* .do

Furniture*, . doLumber*.. .do

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

Cement do. . . .Common and face brick* doGlass containers* doPolished plate glass . do

Transportation equipment* doAircraft*. .doAutomobiles .doLocomotives* .doRailroad cars*. doShipbuilding* do

Nondurable manufactures doAlcoholic beverages* doChemicals* doLeather and products do

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

Dairy products* do_._Meat packing do- . .

Paper and products* -do-_.Paper and pulp* do....

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

Printing and publishing*. .do . . .Rubber products* . . .do . . .Textiles and products do._.

Cotton consumption* do . . .Rayon deliveries* do . . .Silk deliveries* do. - -Wool textile production* do . . .

Tobacco products do . . .Minerals. do . . .

Fuels* do . . .Anthracite do__.Bituminous coal.. do_._Crude petroleum do.__

Metals*.-.. . do . . .Copper* . . do . . .Lead do . . .Zinc do....

MANUFACTURERS' ORDERS, SHIP-MENTS, AND INVENTORIES*

New orders, total Jan. 1939=100."„ Durable goods . do . . .

Electrical machinery do . . .Iron and steel and their products do . . .Other machinery do . . .Other durable goods do . . .

Nondurable goods . . . d o . . .Shipments, total do . . .

Durable goods do . . .Automobiles and equipment do . . .Electrical machinery do . . .Iron and steel and their products do . . .Transportation equipment (except auto-

mobiles) . Jan. 1939=100.Other machinery do . . .Other durable goods do . . .

Nondurable goods . do . . .Chemicals and allied products..__..__do....Food and kindred products doPaper and allied products-- doPetroleum refining doRubber products . . doTextile-mill products doOther nondurable goods do_...

v 118120

P141P65120118

P122v 115v 100P123P 113P164v 138

112

» 125v 126r> 144

121v 145v 153

123118

P 1 3 5

109z>142v 148P 2 2 7

v 111103

97v 108

142

119v 116P120*123

65123108

P 115P 114P 104P 1 1 8v 113P 120P 134

108133

P 163.8p 212. 8P 230.5P 198.1p 211.4P 224. 9P 132. 2P 144. 3p 159. 2P 105. 1v 164.9P 179.7

P231.4P 165. 9p 173. 0p 131.2P 137. 5p 126. 0p 137.6P 109.1P 149. 3P 133. 9P 147.1

11611714688

110117121114115118112160

°)111101

11311311412810810910710812811611412611011099

18192

10083

136

11196

10610310411111011812111911211611211112211411712786

113107

107104 ;

p lfifi. 1 |P 19S. 3 |P 121.0 iv 248. 8 !p 150.4 !

P 89. 0 •P 145.4 Iv 129. 1 !P 127. 3 ,P67.2

P 127,1 :v 149. 8 I

p 150. 2v 124.8

P13L2 !P 128. 6 ;p 133.4P 125. 8P 113.1p 157. 95 127. 5

123121145

99122115129121118137115177)109116

121121129

131128152101130112123120

99135116141

(°)116128

124124133

1611131141121151441231201191211241051949697105138

11510611110510510910811313112812013311811812811911913091125111

114113120114112121

119117112123116128

111116

148. 4203.3148.8232.6140.7231.7113.2132.3141.6103. 6123. 5161. 3

178. 1134.8160. 2124.6142.6113.9132.0114.9150.0

1611211211211231531201211251121121022169198122142

117981111081121101101161341321201401171171261281241468913211012011897119120 I131

(a)

109127

119.1140.7139. 6152.2125.4135. 8105.2132.6148.1132. 7133. 2166. 5

179.0141.4146.9119.4127.7111.0127.5113.9125.7

12612515084

11894

11111493

11711693

' 118134

12612814016712111812212515912813114211512412823912195136144

11895

11210510811211512613513411913911611912312612815278

115109

11411388

106118124

112 I130 i

110.0114.0114.6115.2117.3109. 1106. 7128.1146. 5135. 5128.7165.3

186.7143.3138.8112.1108.9106.0119.1114.9113.2

120124148721079811512012813211489144114133

122122135147115117115127154123125119116122137256129102156149

11398113101101111109124123123

M1813711410911911812015169106103118117111119116127147114130

104.4 |106.2 i122.9 |89.5 !118.4 !116.0103. 2118.2129.2124.7119.2137.1

184.8122.6126.1108.9112.0103.3118.8112.2122.4

11512314165102981121168612111789142116135

11611612411811411311412314211310696118112137251129101158150

110961119899113114129114114116123115108119109115144649310611411278103118130HO116133

100. 5103.2129.381.1118.8114.998.7118.9128.7122.1129.6133.3

187.6131.9122.3110.4108.0105.8119.1101.0115.8

1011141326677971101148610412187144115134

112112118106111112110123132120117106124105131263120101149156

10698109939411211212811011011811811710611699108139647710311711484109120134141117127

105.5112.3128. 7101.1125.2113.0101.0121.2131.1124.0132.6125.6

227.6142.1128.4112.4110.6110.6118.8108.2123.0

9711012760731051111138910112165150119131

1111101139911011110912312411511510811696115267103103125156

10710311185851111121171161171151191141081151001071386179111

11911683120118135144118127

110.2118.2130.5104.1132.9123.4105.0119.7132.9127.4142.1120.8

235.2150.7129.1107.9114.5106.6124.4105.5129.6

P141.9 i ' 126. 4 r 114.9 i '108.7 !

p Preliminary.

r 130.2 ' 132. 7 ' 112. 7

109127558511211811390103119149141122123

11511411911811211511012412611311510911291116281101102121164

11010011487861121101171271281141231131151171031091425887110

11811582122116135143124123

121.3141.0140.9144.6141.4134.9108.6122.9136.3117.7147.3132.7

197.1154.8137.6110.8120.5111.1137.1107.8134.9

' 105. 2

1011071315188124118111104100116161

'140116118

12112113115411111311012812911111311811180120315106102111170

11411311696100 j115111126

'1321321151321121201151061121445689115

118116113116116134143117120

132.9156.9168.0161.3158.7143.5117.6125.9139.6107.4153.0152.0

180.0156.9137.2 !113.8 !120.6114.3142.1111.8159.291.7

r 102. 7

1041041345198112121111101107 I114 !179 I133 j112

' 120 |

121 !121 !132 I156

••107' 115103

' 133' 136114110

117100109339 I87113 I

' 120 !' 189 j112 I10811793 I9911011211612913011213910811310611111613S57

' 10010312011712912111413915012012.8

127 2loS! 5190.2151.2153.0 |161.5 !107. 1 !117.2128.675.0

136. 9146.3

187.6147. 1

r 131.8 !105.6 |no.o !107.9 I134.6 ;102. 5 ;121.793.4 I

' 107. 4 I

11211414057109110117

' 10983112111164135114117

121' 122134158114

P115113

' 138144

' 119115

11411410438576123126213

'11291lie'97'100'114p 113119123

US139109

' 10911011412413061106106

'114112

'112122

' 108'125v 14411712S

129. £162. 8207. C139.8166. 5179.010S. 1123. 5128.9'41.3143. S162. 7

211.4149. 3147.0118.6115.8113. 3129. 2102. 9129. 6112.7147.1

' Revised. ° Data not available.tRevised series. See note marked with a " t " on p. 19.*New series. For industrial production series, see note marked with " t " on p. 19. Indexes of manufacturers' orders and shipments beginning January 1639, are available

in tables 4 and 5, p. 13 of the September 1940 Survey, except as follows: Other nondurable goods shipments (revised to exclude textile-mill products), 1939—Feb. 119.5;.Mar., 133.5; Apr., 114.3; May, 105.5; June, 100.0; July, 108.7; Aug., 141.9; Textile-mill products shipments, 1939—June, 95.6; July, 92.8; Aug., 103.9; earlier data not available.

Page 23: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

November 1940 SURVEY OF CURRENT BUSINESS 21

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

1940

Septem-ber

1939 1940

Sep-tember October Novem-

berDecem-

berJanu-

aryFebru-

ary March April May June July August

BUSINESS INDEXES—ContinuedM A N U F A C T U R E R S ' ORDERS, S H I P -M E N T S , A N D INVENTORIES*—Con.

Inventories, to ta l . .Dec . 31, 1938=100.Durable goods do . _ .

Automobiles and equipment d o . . .Electrical machinery _ _ _ _ do . _ _Iron and steel and their products do-_.Transportation equipment (except auto-

mobiles) Dec. 31, 1938=100..Other machinery do-b-o the r durable goods.— .do ._ .

Mondurable goods,. _do.__Chemicals and allied products . d o . . .Food and kindred products d o . . -Paper and allied products..___ _do.._Petroleum refining d o . . .Rubber products dO-_.Textik'-mill products _. d o . . .Other nondurable goods do...-

104.6 |107.2 !116.6 |95.4 !

111.0 I

107.3110.3117.3103.9111.9

131.5102.2102.0101.896.6104. 898.192.7102.2

r 100. 0

145.1106.1106.2104.1102.8106.0102.292.6111.8

* 102. 4

109.3112.1 )118.4 I108.3 I112.0 !

153.1 i109.5 !108.1 |106.2 !106.0 I103.9 j105.7 !91.6 !

113.8 i

110112115111.Ill

07678

109.8112112114111.

5151

108.9111108114110

4

9 I8

167. 0111.9107.8107.0109.8102.5107.193.8

118.1

165.6112.4108.7106.8111.1100.5108.094.5

119. 6

160.4110.9107.8106.2111.598.4

106.695.5

120.7

108.6111.298.9

116.5113.6

164.9110.6107.0105. 8111.197.5

104.997.1

122.2

• 108. < •• 108.8 ! r 107.3 I r 10G. 0 ! r 105.3

108.2111.189.5

115.6116.3

174.4110.0106.7105.2111.397.1

104.096.3

116.7118.5

«• 104. 6

108.9111.280. 8

115.0119.1

185.2110.8105.7106. 4111.7100. 0104. 598. 3

120. 5118. 5

»• 104.1

r 110.4r 114.5' 104. 9r 115.5

120.1

' 194.7r 110.7r 104. 5r 106. 0

112.4r 101.7r 107.1

98. 3124.0114.9100.8

COMMODITY PRICESCOST OF LIVING

(National Industrial Conference Board)

Combined index.. . . _ _ . . . 1923=100.Clothing _ _ do___Food ___do.__Fuel and light . _.doHousing „ d o . . .Sundries . d o . . .PRICES RECEIVED BY FARMERS§

(17. 8. Department of Agriculture)

Combined index 1909-14=100..Chickens and eggs doCotton and cottonseed . . . do~~Dairy products.... , ..__.___ doFruits . „ doGrains „ _____doMeat animals . _ doTruck crops do.. .-Miscellaneous..... .do

RETAIL PRICES

U. S. Department of Labor indexes:Coal:

Anthracite. 1923-25=100..Bituminous . . . . d o . . . .

Foodf 1935-39=100..Fairchild's index:

Combined index Dec. 31,1930=100..Apparel:

Infants' . doMen's _- . doWomen's . .do

Home furnishings. .doPiece goods d o . . . .

WHOLESALE PRICES

U. S. Department of Labor indexes:Combined index (813 quotations®).1926= 100..

Economic classes:Finished products . doRaw materials doSemimanufactures d o . . . .

Farm products . . . d oGrai ns d o . . _.Livestock and poultry do

Commodities other than farm products*1926=100..

Foods doDairy products doFruits and vegetables doMeats do

Commodities other than farm products andfoods . . . . 1926=100..

Building materials doBrick and tile doCementJ doLumber do

Chemicals and allied products! doC hemicalsf doDrugs and pharmaceuticalsf doFertilizer materials! do

Fuel and lighting materials doElectricity doGas . doPetroleum products do

Hides and leather products doHides and skins. doLeather . . d o . . . .Shoes do

House-furnishing goods doFurnishings . doFurniture do

86.473.180.785.387.097.9

9710476

1117377

11411895

97.2

93.2

97.389.191.895. 086. 7

78.0

81.570. 577. 666. 261.772.4

80.471. 575.160.879.0

82.394.690 290. 6

104. 676.884.890. 068.171.0

48.998.384. 088.9

107.088.594. 881.8

85.972.280.784.486.597.0

10276

1077383

117117

75.786.998.4

90.2

96.188.689.591.784.3

79.1

81.972.681.868.765.176.3

81.375.174. 562.881.0

82.190.991.091.393.776.684. 578.467.272.877.5

53! 398.597.492.0

101.886.691.781.3

85.872.680.185.286.696.8

9710874112737711212894

85.772.979.685.686.796.8

9711775117667910712398

85.372.978.585.686.696.8

9782

1186587

10196

104

97.6

91.2

96.388.790.492.784.7

79.4

82.372.383.167.161.670.5

82.073.378.960.274.9

92.891.591.398.077.685.279.768.673.975.484.454.0

104.6112.497.8

105.787.893.781.7

96.7

91.9

96.488.7

93.585.0

79.2

82.072.482.167.364.166.1

81.672.380.161.271.2

84.093.091.691.398.377.485.279.769.874.176.582.253.9

104.0104.397.8

107.288.494.282.3

77.189.294.9

92.0

96.488.791.093.585.3

79.2

81.773.382.067.671.663.8

81.671.981.363.069.1

83.993.091.691.397.877.785.380.370.972.877.780.452.5103. 7105. 295. 2107.588.594.482.4

85.473.078.885.886.696.9

9991851196690103117113

85.873.279.886.086.696.9

10198851187691101168107

94. 8

92 3

96.688. 891.493.785.5

j

79.4

81.773.881.769.173.567.2

81.571.781.960.369.9

83.993.491.691.497.677.785.381.371.372.777.678.651.7103.6102.696.0107.887.994.081.4

96.6

92.6

96.688.891.894.185.9

78.7

81.472.779.968.772.865.6

71.180.058.768.4

83.293.291.291.497.677.585.381.371.072.478.281.650.9102.497.094.2108.288.094.281.5

85.573.278.885.8

9783851147392102128101

81.01.0

95.6

92.8

96.988.991.994.486.0

78.4

81.172.079.767.973.467.1

80,570.278.658.769.2

82.993.390.491.297.877.085.181.470.672.277.180.450.4101.894.393.5108.488.094.281.5

85.973.279.985.486.797.0

9882851108196104145100

92.8

96.988.991.794.386.0

78.6

81.273.078.269.477.268.4

80.571.677.465.771.1

82.592.590.290.396.176.885.081.870.771.876.082.050.4101.894.893.2108.288.494.581.9

86.073.180.684.186.797.0

84831068892108133101

97.0

92.8

91.894.686.0

78.4

81.372.078.367.971.269.6

80.571.472.869.273.8

82.592.590.290.596.676.785.182.070.871.773.984.450.7101.392.293.6107.988.594.881.9

86.473.181.784.286.897.0

95818110410483102134100

86.373.180.984. 586. 897.4

95888010589781109898

78.683.498.3

92.9

97.089.192.094.586.0

92.9

90.989.192. 194. 080. 0

77.5

80.570.777.966.264.464.7

79.870.372.273.970.7

82.292.490.290.696.076.185.182.267.471.474.287.450.099.281.992.4107.988.594.981.7

77. 7

80. 970.777.800. 500. 809. 8

80.070. 373. 769. 072.9

82.392.790. 190.690. 777.084. 995. 907. 371. I73. 388. 249.599. 084. 091.4107.088.594. 881.8

80 073.079.984.880.997.4

9690771097976110112107

90.2

92.9

97.089. 192. 294. 680.0

77.4

81.009.877.005. 659. 371.5

79.970.174.303. 270.182.093. 590.190.6100. 376.784. 896. 208.0

'71.1

""84." 549.290. 977.188.3107. 088.594. 881. 8

' Revised. v Preliminary. ® Number of quotations increased to 863 in recent months.§ Data for October 15, 1940: Total 99; chickens and eggs 112; cotton and cottonseed 78; dairy products 116; fruits 79; grains 80; meat animals 112; truck crops 99; mis-

cellaneous 100.tFor monthly data beginning 1933, corresponding to the annual figures shown on p. 13 of the 1940 Supplement, see table 23, p. 18, of the April 1940 Survey.tRevised series. For revised indexes of retail food prices beginning 1913, see table 51, p . 18 of this issue. Data for chemicals and allied products (title changed from chemi-and drugs) and the subgrou i d b i i 1926 t b l 32 18 f th A t 1940 St ndexes of retail food prices beginning 1913, see table 51,

cals and drugs) and the subgroups revised beginning 1926; sec table 32, p . 18, of the Augu*New series. Indexes of prices of commodities other than farm products beginning 191

inventories beginning J a u a r y 1939 i l b l i t b l 3 13 f th S t b 1940 Stile-mill p ) , , ; b. ,100.1; Aug., 97.4; earlier data not available.

ist 1940 SURVFY.ig 1913 appear in table 30, p . 18 of the September 1940 Survey. Indexes of manufacturers '

3S beginning January 1939 are available in table 3, p . 13 of the September 1940 Survey, except as follows: Other nondurable goods inventories (revised to exclude tex-roducts), 1939—Jan., 103.6; Feb., 101.4; Mar. 100.3; Apr., 98.9; May 97.4; June, 99.3; July, 90.6; Aug., 90.2: Textile-mill products inventories, 1939—June, 101.1; July

Page 24: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

22 SURVEY OF CURRENT BUSINESS November 1940

Monthly statistics through December 1939, to- 1940gether with explanatory notes and referencesto the sources of the data, may be found in the Sep-1940 Supplement to the Survey torn her

1939

Sep-tember

Nqvem- Decem-ber ber

1940

Janu-ary

Febru-ary March April M a y June July j August

WHOLESALE PRICES—Continued

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

foods—Continued.Metals and metal products.—.1926= 100..

Iron and steel __..___doMetals, nonferrous doPlumbing and heating equipment

1926=100..Textile products do

Clothing . . . . . . d oCotton goods doHosiery and underwear . . . doRayon* __... .doSilk* do . . . .Woolen and worsted goods do

Miscellaneous doAutomobile tires and tubes __doPaper and pulp do

Wholesale prices, actual. (See under respectivecommodities.)

PURCHASING POWER OF THEDOLLAR

Wholesale prices.. ..1923-25=100..Retail food prices . . . doPrices received by farmers.. doCost of l iving. . . . . do

COMMODITY PRICES—Continued

95. 494.980.7

80.572.585.669. 261.429.542.884.276.558.893.2

129.11 126. 6

151.5117. 6

94.8 |95.5 |84.7 |

79.371.7 |81.7 i70.462.8 I29.0 !49.784.076.660.581.8

127.3126.6149.9118.3

95.896.085.3

79.375.583.274.363.529.554.391.377.660.586.3

126.8127.6151.5118.5

96.096.085.1

79.376.483.874.864.829. 556.590.577.055.688.0

127.2128.4151.5118.6

96.096.184.6

79.378.084.275.266.029.566.090.377.455.689.0

127.2130.0153.1119.2

95.896.382.6

95.396.379.2

79.377.984.575.468.429.561.890.477.755.689.8

126.8129.7148.6119.0

79.175.484.973.664.529.551.687.277.355.689.5

128.0128.0145.6118.5

95.596.479.7

81.074.085.171.862.229.549.984.576.955.689.0

128. 5129.7151.5118.9

94.594.379.2

80.972.984.770.261.729.545. 483.877.758.089.5

128.1127.9149.9118.3

94.594.280.3

80.672.985.069.461.329.547.083.477.758.090.7

128. 51 126. 9

149.9118.2

94.794.381.2

80.572.685.368.461.629.546.183.777.358.291.7

129.9« 125. 2

154.8117.6

95. 194.(3SO. S

80. 512. 4So. 368.861. r>29.543.3S3. 9

93. 5

129. 6» 126. 3

94.994.879.1

80. 572,385.668. 661.5

58.893.5

130.1127.9

154' 8 j 153! 1118.2

CONSTRUCTION AND REAL ESTATE

CONTRACT AWARDS, PERMITS, ANDDWELLING UNITS PROVIDED

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

Residential, unadjusted . doTotal, adjusted do

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

Total projects number..Total valuation thous. of doL.

Public ownership -doPrivate ownership do

Nonresidential buildings:Projects number.Floor area thous. of sq. ft..Valuation thous. of doL

Residential buildings, all types:Projects. number..Floor area . . thous. of sq. ft..Valuation. thous. of dol.

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

Utilities:Projects. _ . . .number . .Valuation thous. of doL.

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

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

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

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

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

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

H I G H W A Y CONSTRUCTION

Concrete pavement contract awards:Total thous. sq. yd . .

Roads . . d o . . . .Streets and alleys do

Status of highway and grade crossing projectsadministered by the Public Roads Admin-istration, Federal Works Agency:

Highways:Approved for construction:

Mileage no. of miles. .Federal funds thous. of doL.

Under construction:Mileage . no. of miles..Federal funds thous. of del..Estimated cost d o L . .

P92

*>85

31,671347, 651143,996203, 655

5,13523, 431101, 295

24, 75841, 630152, 372

1,33959,898

43934,086

86.2

62.060.329.360.5

368,252

4,7443,1701, 574

3,57837, 242

9,390131, 614264, 589

73687368

22, 984323,227144, 216179,011

3,65016,49082,466

17, 5S9•"32,977129,680

1,38971, 418

35639, 663

57.9i

45.4 I37'. 0 I58.4 1

26, 85218,8081,6166,428

209, 337

4, 4653, 0581,407

72667668

22, 402261,79691, 604170,192

3,749r 15, 49472, 684

17,136'29,371118, 303

1, 22350, 359

29420, 450

58.5

44.243.630.758.4

27,15921,3621,5914,206

245, 062

74598361

22, 323299,847143, 647156,200

3,24215, 42077, 769

17, 75631, 008116,588

97581, 584

35023, 906

68.0

43.347.127.247.4

30, 89021, 6231,2478,020

302, 215

2, 6551,0671, 588

2,723 ! 2,82430,821 I 30,750

8,386 ! 7,473119,472 ! 110,543237,214 ! 222,062

3,7182,4911,228

3,10035,315

6,746101,855205,183

60

61 i44 !75 I53 '

18,831 13,517354,098 196,191225,095 92, 532129,003 103,659

2,71111,67557, 757

14, 89922, 58588, 681

891180, 683

33026,977

66.3

39.445.122.939.7

29, 69620, 0522,1117,533

190,327

4,9513, 2601,691

3,52840,132

5,984 i91,429 !184,441

2,4539,10952, 532

10,13219,08277, 400

73047,861

20218, 398

41.7

29.929.420.541.2

18,55211,4061,0946,052

191,977

2, 5971,730867

3,880 |45,616 !

5, 83790, 220180, 686

54506366

15, 595200,57481, 666118,908

2,85212, 35670. 565

11, S0719,10774, 858

76242,929

17412, 222

54.6

36.137.123.148.1

r 24,182r 15, 995

1,7216,466

63606267

23, 920272,17894, 971177,207

3,64514,44473,735

19, 05331, 078121, 708

1,00858,905

21417,830

68.2

43.647.126.452.4

30, 47222, 7292, 2155,528

270,928 | 179,836

3,122 2,4862, 297 1,827825 659

4,26446,677

5, 96692, 8G4185, 954

4, 78247, 619

6,34798, 452196,974

73 173 |6462

26,101300, 504103, 450197,054

3,81516, 61088, 821

20, 59433,459135, 420

1,51262, 881

18013, 382

82.7

52.157.429.564.4

37, 32827, 420r 2. 574' 7, 334

211,816

4, 0583,170

756464

29, 201328, 914111,578217,336

4,34616,97190,164

22,93936,312145,912

1,73381, 261

18311, 577

79.6

52.858. 530.462.1

767469

26,679324, 726147,316177,410

4,07818,02891,995

20, 58433,537135,274

1,78974,433

22823, 024

63.0

46.645.230.969.1

r 36, 271•• 27. 421' 2, 967r 5, 883

282, 296

7,537 |5.496 i2,041 !

28, 706' 23. 417' 1,9913,298

252, 763

6,2884, 5751, 713

937885

28,466 ;398,673 i204,568 !194,105 |

4,130 i23,413 !138,954 i

22,387 I36,227 I140,430 |

1,6*6 !85,681 ;

263 ;33,608 !

79.5

56! 439 565. 8

3. 4061, 821

4,633 i 4,645 | 4,73146,922 50,515 | 50,7247,306 8,388 I 8,915

106,063 115,864 ! 121,248211,630 I 230,819 | 242,425

••94r 81'90' 8 2

31,512414,941195, 293219, 648

5,19923, 654

119,189

24, 27738, 987

152,988

1,685119,358

35123, 406

80.4

r 55. 555. 5

'40 .860.4

352,852 ; 397,253

6, 4164. 0492, 368

4,43,

9.126,253,

034925

612761523

1 3,41,

i 9,! 128,, 257,

902210

439737567

' Revised. v Preliminary.° Obtained by applying to the index for the preceding month the percentage change in the purchasing power of the retail food dollar computed on a 1935-39 base.§Data for November 1939 and February, May, and August 1940 are for 5 weeks; other months, 4 weeks.*New series. For indexes of rayon and silk prices beginning 1926, see table 29, p. 18, of the May 1940 Survevey.

Page 25: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

November 1940 SURVEY OF CURRENT BUSINESS 23

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

CONSTRUCTION AND REAL. ESTATE—Continued

HIGHWAY CONSTRUCTION—Con. j

Status of highway and grade crossing pro], ad- !ministered by the Pub. Eds. Adm.—Con. ;

Grade crossings: jApproved for construction: i

Federal funds thous. of dol ] 9,Estimated cost ___.__do | 30,

Under construction: jFederal funds do___. i 35,Estimated cost do j 47,

CONSTRUCTION COST INDEXES I

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

Average, 30 cities.... __ .1913 = 100..Atlanta . doNew York . . _. doSan Francisco ______ -do. . . .St. Louis .__..._ . . . - -__.- .do. . . .

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

E. II. Boeckh and Associates, Inc.:§ ]Apartments, hotels, and office buildings: j

Brick and concrete: IAtlanta U. S. av.f 1926-29=100..|New York . . . . . . .__ do. . . . !San Francisco. . . . . .do . . . . jSt. Louis - do._._|

Commercial and factory buildings: iBrick and concrete: i

Atlanta ._ .do . . . . !New York. _____________ doSan Francisco..-- . . . . . . . . .doSt. Louis do__-_

Brick and steel:Atlanta . doNew York . . . ..doSan Francisco .__.__do____St. Louis . . . . __do

Residences:Brick:

Atlanta . . . ___. doNew York.__________ .._>__ doSan Francisco... _.„__.____do____St. Louis. __.___—.._ do.___

Frame:Atlanta-- . . . - . . . . . . . . . . . . . doNew York . . . _, _do.___San Francisco.....-__ _.._ do.___St. Louis . do

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

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

Combined index _._. 1936=100..Materials.... _._do..._Labor . . . . . . . . . . d o

194

206

19023 2

97.3132. 8115,3119.4

REAL ESTATE

Federal Housing Administration, home mort-gage insurance:

Gross mortgages accepted for insurancethous. of dol.

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

Estimated new mortgage loans by all savingsand loan associations:

Total loans thous. of dol..Classified according to purpose:

Mortgage loans on homes:Construction doHome purchase. doRefinancing _____do____Repairs and reconditioning.. do

Loans for all other purposes do._._Classified according to type of association:

Federal .thous. of dol__State members _._._. doNonmembers . do

Loans outstanding of agencies under the FederalHome Loan Bank Board:

Federal Savings and Loan Associations, esti-mated total mortgages outstanding

thous. of dol_.Federal Home Loan Banks, outstanding ad-

vances to member institutionsthous. of dol..

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

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

Fire losses ...thous. of dol._

98.7135.8118.4120.6

97.8131.9114. 6119. 7

92.3127.2107.0113.3

90,6125.9102. 2111.0

245. 0

107.0105.0111.0

I 84,689

2,479,964

111,775

39, 41740, 94715,4836,2839, 645

46, 48045, 98819, 307

! 1,487,974

!

| 176,047

j 1,987,011| 111j 106! 21,198

9,88810,581

37,91939, 756

191

201188220184207

188

94.8130.8117.8118.6

97.2133.7122.0119.7

93.2130.5117.5118.5

86.0123.9105.4110.3

82.8122.899.8

107.2

236.9

105.7102.9111.2

62, 008

1,776,784

89.732

10,28310, 909

35,43537,190

10.18011,000

11,42811,986

20319022]186210

35,112 | 30,52836,577 | 32,258

191

12,4171I\ 075

12, 61713,193

30,410 i 31,16732 077 i 32, 775

12,1S312,908

31,78733,272

203190221186210

188

94.9130.9117.9118.7

95.3131.4118.2119.0

203191221185210

188

96.0131.1118.0118.9

97.2133.7122.5119.8

93.3130.6118.0118.7

86.8124.3106.1110.9

83.7123.3100. 5107.9

97.5134.0122.8120.0

93.8131.0118.4118.9

88.1125.5107.0111.1

85.3124.8101.6108.1

203 |192 !221 |184 |211

188

96.0131.1 |118.0118.9

203191221184211

187

96.0131.0118.0118.8

98.2133.7122.7119.9

96.8130.4118.1118. 7

98.2133.7122.7119.9

96.9130.4118.1118.7

98.1133.7122. 7119.9

96.8130.3118.1118.6

88.3125.1105. 8110. 4

85.5124.5100. 2107.2

88.4125.1105.8110.5

85.7124. 5100.2107. 4

238.

106.103.111.

2

161

238.

106.104110

2

548

238.3

106.6104.5110.6

238.3

106.4104.4110.2

74,216

1,837,923

93,297

27,854 |31, 36716,0215,5448,946

37,09036,98915,653

29, 25533, 38315, 8355,7849,040

37,85437, 84717,596

65,013

1,905,071

53,200

1,969,862

86,076 83,112

88.1124.4105.8109.8

85.3123.6100.2106.5

238.3

106.5104.5110.3

48,831 i 44,980

2,034,920 2,086,518

187

96.5131.3118.0119.0

98.1134.0122.7120.0

96.8130.6118.1118.8

88.5124.8105.8110.9

85.7123.9100. 2107.9

238.3

106.4r 104. 5110.3

63, 602

2,132,701

66,944 i 71,522 90,368

26, 60730, 43415, 4454,7208,870

26, 92327, 77915.0014, 3359,074

34,785 | 34,05334,671 ! 33,20916,620 ! 15,850

19,48822,03913, 9993,4557,963

28,00825, 73713,199

20,15225, 38914,5903,4377,954

29, 78628,94112, 795

26,71132,16816, 7694, 65710,063

38,24136, 48415, 643

9,810 10,10,420 11,

34,52535,819

202189221183210

203190221183210

1,206,887 |lf231f685 1,252,559)1,271,161 11,280,200

163, 687

2,054,865

147136

22, 837

168, 654

2,049,421

131120

168,822 I 181,313 I 156,788

2,043,288 '2,038,186 J2,031,341

136 !129 !

126 |1 2 1 I

114108

1,296,464 11,317,975

24,301 I 27,248 I 27,959 I 36,261

144,515

2,026,614

10399

34,410

137, 642

2,021,951

112104

29, 789

187

96.6131.9117.1118.9

98.2134.6121.9119.9

97.0131.3115.2118.7

89.4125.9105.8110.4

124.4100.2107.2

238.9

106.2104.3110.0

76, 874

2,180,413

108, 001

33, 76437, 82120, 8596,0979,460

46, 57743,01518,409

1,348,072

133,811

2,020,572

113108

26, 657

202191220184208

187

96.7131.9117.2118.9

98.3134.6121.9120.4

97.1131.3115.3119.1

89.5125.9106.2110.8

87.0124.4100.5107.8

241.6

106.2104.4109.9

79, 930

2,233,991

10,11911,094

37,01338, 239

193 i

202 !191 I220 i184

••208

188

96.5 |132.1 j114.5 !118.8 j

i98.2 j

135.5117.8120.3

96.9131.1113.1118.9

125.4104.3110.1

86.1123.698.6106.9

242.2

106.2104.4109.7

9,652 i10.596 I

9. 49010,198

37,682 38,32339,010 39,674

202192220184209

188

96.6132.3114.9118.8

98. 2135.5118.2120. 3

96. 8131. 2114.0118.9

88.5124. 4104.4110. 1

85.7122.398.8106.9

202192220184209

189

132. 6115.1119.0

98.4135. 7118.3120.4

97.1131.7114.3119, 2

89.6126. 1105. 8111.2

87. 2124.5100. &108.3

242.2 S 244.1

106.0 |104.3 I109.5 j

106.2104.4

' 109. 7

84, 357

2,288,348

114, 542

36, 95642, 04918, 0346,89610, 607

49, 28745,80319,452

106,984

35, 52338,40217,1475, 691

10, 221

47,43542, 21417,335

88,074 | 89,379

2,348,663 j 2,411,632

114,301 117,022

39,907 i40,65817,649 16,115 !9,972

48,67645.414 i20,211

42, 48840,56717,7626, 07910,726

50, 30540, 80720. 530

1,376,700 11,405,100 [1,432,100 11,401,807

137, 509 157,397 ! 102,222 I 108,402

2,017,395 J2,012,760 ;2,004,737 11,990,443

1261 1 9 I

116108

23,447 I 19,500

111108

108105

20.323 | 20,722

'Revised..Beginning with the September issue of the Survey indexes computed as of the first of the month are shown as of the end of the preceding month.

News Record Index is similarly shown in the 1940 Supplement as of the end of the preceding month.tRevised series. Revised indexes beginning 1913 are available in table 44, p. 13 of this issue.

The Engineering

Page 26: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

24 SURVEY OF CURRENT BUSINESS November 1940

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

1940

Sep-tember

1939

Sep-tember October Novem-

berDecem-

ber

1940

Janu-ary

Febru-ary March July August

DOMESTIC TRADE

ADVERTISING

Printers' Ink Indexes (with adjustment for sea-sonal variations):

Combined index _ 1928-32=100..Farm papers doMagazines ..do."."Newspapers do . . . .Outdoor doRadio . . . . . _ . . . . . . . . do_I_.

Radio advertising:Cost of facilities, total -.thous. of dol..

Automobiles and accessories do !Clothing. __. . . . . . . . . . . . . d oElectric household equipment . . . .doFinancial _ ..._ doFoods, food beverages, confections do. . . .House furnishings, etc doSoap, cleansers, etc . doOffice furnishings and supplies........do....Smoking materials. doToilet goods, medical supplies.. . . . . . .do.. . .All other _ . . . .do

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

Automobiles and accessories.. _.__ doClothing . . . . do . . . .Electric household equipment. doFinancial ..doFoods, food beverages, confections doHouse furnishings, etc... _ doSoap, cleansers, etc ..doOffice furnishings and supplies.. .doSmoking materials . . . . .doToilet goods, medical supplies doAll other do

Linage, total . . . . . . . . thous. of lines..Newspaper advertising:

Linage, total (52cities)... . . do . . . .Classified ____do._--Display, total. . . . . . .do

Automotive _. doFinancial doGeneral.-. doRetail... . . . do

86.458.380.979.487.7

396.8

7,273506550

872,018

91874

01,1692,088

385

13,6351,6111, 060

281378

2,140

GOODS IN WAREHOUSES

8pace occupied in public-merchandise ware-houses . percent of total..

NEW INCORPORATIONS

Business incorporations (4 States) number . .

POSTAL BUSINESS

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

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

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

Foreign, issued—value doReceipts, postal:

50 selected cities.. . . . .do ._ ._50 industrial cities do

429305790

2,1473,6682,410

106, 70122, 32884, 3735,0351,322

14,54663, 469

1, 537

3,90139, 041

12, 46999,068

30, 3253,572

RETAIL TRADE

Automobiles, value of new passenger-car sales: jUnadjusted 1929-31 = 190.. |Adjusted . do j

Chain-store sales, indexes:Chain-Store Age, combined index (20 chains)

av. same month 1929-31 = 100.-AppareFchains do

OroceryFchain-store sales:Unadjusted 1929-31 = 100..Adjusted do

Drug chain-store sales:*Unadjusted ..........1935-39 = 100..Adjusted... . do

Variety-store sales, combined sales, 7 chains:fUnadjusted 1935-39=100..

* Adjusted.. do . . . .Chain-store sales and stores operated:

Variety chains:H. L. GreenJCo., Inert

Sales ... .thous. of dol..Stores operated . number....

3. S. KresgelCo.:Sales thous. of doL.Stores operated number..

3. H. Kress &,Co.:Sales thous. of doL.Stores operated ...number..

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

p 67. 4» 118.0

121.0137.0

110.1112.4

p 98. 7p 102. 8

» 103.8» 108. 2

3,536149

10, 870681

6, 839239

3,377202

82.666.172.877.483.5

333.7

558750

1021,860

488120

9691.538126

11,8141,322989213352

1,744628411327593

2,0293, 2072,182

101,93720. 88481, 0533, 0671,278

15, 01561, 663

82.865.878.177.775.8

298.4

8,014648720

1072,608

629230

1,1702,150

273

14.9252,3121,136392414

2,2061,086403204665

2,4223, 6852,378

119,61222, 39397, 2206,4361,76719. 82469, 192

84.069.382.079.960.6312.6

8,03664134098

2,72945

9250

1.1532,163247

13, 8212,159

755337400

2,103874382203704

2,4743,4292,255

113,457 I20,19493, 2644, 5371,376

18, 47068, 880

89.470.980.484.388.3318.5

8,127636410

79.457.874.873.478.9

325.6

8,299683300

922,769

499150

1,1342,225265

12, 2621,300555406318

1,771 j681 !269 ;303 j647 I

2,219 I3.7941,711

Ina 10320. 24697, 8573. 4821,63714.18378, 555

852,740

509420

1,2192.328

221

8.2741,31827188376

1,271255217119620

1,4222.3171,973

88, 03319, 07568, 9583. 8542. 27812,43359, 393

82.760.780.077.177.2

306.2

7,80063432059

2,66387

9020

1,1192,084220

12.3141,616596239365

2,129475478166598

2,3963.2562,343

93. 24019, 29573,9454,2241,49415, 74052, 487

69.4 ! 70.4 I 72.3 73.9 72.3 j 71.7

1,471

1,421

3,90737,262 I

1,787 1,850 1,901 I 2,361 1,966; 1,998

85.359.081.879.983.6289.4

8,20867045062

2,73789

9310

1,1902,210274

16, 2612.4831,095585458

2,477730497263824

2,7234,1242,779

114, 25522,94591, 3095,6201.79917,64566, 246

73.0

1,509 | 1,473 1,771

4, 28839, 723

12, 624 14,15297,376 I 109,0161,895 j 1,833

30, 0463,413

31, 9603,788

56.583.5

114.5127.0

107. 2109.4

97.3

96.593.7

113.3125.0

106.9106.4

98.2101.4

97.5101.5

3,703151

11,513

6,596240

3, 354200

104.4 j106.2 '

3,766151

11, 938682

7,286240

3,431200

4,15038, 553

14, 385108, 4491,773

32, 4463,658

107.9102.8 I

117.0132.0

109.0109.0

101.2102.3

109.9106.9

4,001151

12, 356

7,295240

3,622201

4,554 i41,190

1,535

4,70241, 876

1,500 I

4, 24639, 065

15,285 i 13,608 | 12,945111,851 | 100.455 i 95,124

3, 926 1, 604 1, 467

42,9385,117

110.8108.5

120.0142.0

112.1108.8

136.1101.5

209.4104.7

7,821151

24, 406

15, 232240

7,655200

30, 3803,791

95.6125.8

113.5120.0

105.4108.7

96.1100.3

76.1104.0

2,785 j151 '

9,042675

5,300240

2,767201

29, 7373, 665

100.7130.8

114.0119.0

112.1111.5

98.7

83.5105.3

2,774151 !

|9,543 |

675 I

5,603 |239

4,66442, 937

14, 373106,197

1,775

32, 6573,993

133.9112.5

115.0128.0

112.0110.9

84.766.483.078.187.2

290.8

7,728722330

74?,389

80912

01,1902,126

201

17, 3102,9861,022

747481

2,2851,130

468192663

2, 5794, 7572,725

111,989 j23,083 i88,906 !7,007 I1,838

17, 82462, 237

72.1

69.1 |85.1 |83.2 I86.2

325.2 II

7,92872856092

2,383909630

1,2832.109224

• 16, 4542,744923842441

' 2, 2131,134514235702

' 2, 3274,3782,430

84.662.585.876.982.0

358.4

7,086680540

81 I2,039 j

85846

01,1571,926218

15, 6482,415804657504

2,391826546150863

' 2,4224,0692,014

119,883 I 103,29023,93695, 9487,8121,47719, 42767, 231

72.2

2,250 ; 2.087

503 4,309548 ; 40,028

624 I 13,928793 ! 103,120450 1,430

23,21680,0745,6391,485

17,06955,880

71.7

84.1 i58.5 i88.4;74.686.4 !416.5 |

7,137 i498 !35 io i94 :

2,095 !87 !

977 |0 !

1,1932,002 i

158 I• 10,797 !1,439 !231 j261 !343 !

r 2,138 ;304 !413 !80762

' 1, 9692,8571,706

84, 44021,19463, 2463, 628 |1,827 !

13,043 144,748 i

71.0 :

87.463.079,980. 489. 4

416. 3

6,842489330

901,889

79907

01,2241,897235

10,0051,215493149283

2,004' 235' 38218860S

1, 7092, 6501,888

92,04121, 96470,0773,6191,19612,04653,216

72. 3

1,619 | 1,710 ; 1,027

145.1112.5

115.0122.0

113.2109.9

102.2 96.6 |102.7 99.9 !

201

99.3105.4

3, 846151

12, 206675

6,897239

3,888202

92.1103.2

3,279151

10, 498675

6,401 |239 !

3,246 I203 '

32, 2653, 786

131.1104.1

117.0123.0

114.0112.3

102.1

101.7105.2

3,751 !151 |

11,815 I675 i

6,838239

3,507203

4,151 !38,218 |

13,138 i97,435

1,362

28,6683,451

4, 22640,144

13,106100,955

1,519

27, 6263, 565

4,13439,47213,106

102. 3901,494

28, 9743, 568

143.5 118.3 I122.7 119.5 !

119.0 !120.0 !

112.8 !111.1

98.5104.8

99.5 i104.4 j

3,784 !151 |

11,643 I676 j

6,310 !239 !

3,611 !203 I

119.0132. 0

109.9 :112.0

99.4103.8

97.6106. 5

3,331151

r 70. 9• 120.0

' 122.8134.0

• no.o' 114.6

102.2107.6

95.8109.2

3, 657151

10,458 I 11,7

6,514 I239 i

3,334 !

203 ;

678

6, 691239

3, 626202

r Revised. *> Preliminary. . .tRevised series. Revised indexes of variety-store sales beginning 1929 appear in table 30, p. 10, of the August 1940 Survey. H. L. Green Co. data revised beginning

May 1939; for an explanation'of the revision and revised data beginning May 1939, see p. 24 of the September 1940 SURVEY.*New series. For data beginning July 1934, see table 1, p. 11 of this issue.

Page 27: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

November 1940 SURVEY OF CURRENT BUSINESS 25

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

1940 1939 1940

Sep-tember October jJ Novem-

berDecem-

berJanu-ary

Febru-ary- March

DOMESTIC TRADE—Continued

RETAIL TRADE—Continued

Chain store sales and stores operated --Con.Variety chains—Con.

G. C. Murphy Co.:Sales thous. of dolStores operated number..

F. W. Wool worth Co.:Sale* thous. of dolStores operated number

Other chains:W. T. Grant Co.:

Sales thous. of dol. _Stores operated ._ ._ . numlx r

J. C. Penney Co.:Sales - _ thoii*. of dolStores operated . . _ nuniUr

Department stores.Collection^, ratio (o accounts receh able

Instalment accounts . . perc'iitOpen accounts _ du

Sales, total U. S., unadjusfd 192", 25 = 100Vtl'intaj .- --- -- _l"l.VW-l»nBoston _. . . 1923-25=1 )()Chicnco . . doClewl.md . . doDallas . . _ . doKansas Ci ty . i«^". -- n oMinneapolis . 102M-3! - iu')New York _ . 1923-25 -•()<)PhiWdelphii . doRichmond . . . .St. Louis _ . i,,San Francisco . . . do .

Sales, total L\ S., adjusted doAtlantat . . . - . . - 1935 .W-l"()ChioM'»o l'->'\\ *>,"> — 11'0Cleveland doDallas . doMinneapol is l'<29 3i - |f>0New York . . . i\.23 -j.") -m1)P h i h d e l p h i a . . -ioSt. Louis . . . .inSan Francisco _ _ do

Instalment sales, New Enuhnd dent ^(unspeivnt of total sal s

Stocks, total T. S., eTid ol month-Unadjusted _. 1923 25=100Adjusted . . . . . . . do

Mail-order and store sales:Total sales, 2 companies thous. of do!

Montgomery W -ird & Co doSears, Roebuck & Co. _ . do

Rural sales of general MerchandiseTotal U. S., unadjusted 1929-31---100

East . . . . . _ . do .South . _ . . doMiddle West do .Far We^ . do

Total U. S , adjusted doEast JoSouth . _ ._ . _ _ doMiddle West doFar West . . . . . do

3, 923202

25. 1972, 021

8, 270493

24.7911,578

105132

7S] 0410712791

10010779

12610(3

m99122107102115

951037999

100

1 1 . 2

7270

11.1. 62245. 97205, 050

135. 11M. 7103 . ?<117.7103. 5127. 8139. 014,8.1114.9139. 7

3, 789«• 200

r 25 8092,015

8, 235495

2(5, 1431, 552

17.244. 0

9711883

10296

11590

1169774

118939891

1099892

104104

93749295

11.1

7168

107.49344, 74362. 751

132. 6126. 4165. 6116.3162. 3125. 4128. 615o! 0113.5138. 7

4 090'202

26 5302, 018

8, 733495

28,7221,553

17.747.0

99122859898

11694

11610480

13296

10390

1108991

1039791698599

12.4

7769

122,19154. 94567, 246

160. 3155.4215.4143. 9166. 5123. 4120. 7145. 4113.3138. 7

4, 219202

26, 9482, 019

9,356494

28, 2151, 554

17.748.7

1091258899

1071178897

11595

13110210595

11490

10010494977.887

100

10.4

8271

108, 09547, 76460, 330

159. 7167.0208. 2142.8164. 7122.7129.5151.6108.9335.8

8, 163'202

52, 3332, 020

18. 868'491

43,2161, 554

18.044.5

16820614016417119515416017213921715617996

11998

10011310595

94104

6.6

6468

148, 44766. 02082, 427

211.7229. 2236, 4190.1242.8132.4137. 7157! 4121.9148.8

3 083'202

20. 5122,017

5, 931492

18, 2921, 554

17.048.2

7183697570866781745284698092

1089493

11310294

8798

11.1

6168

70,53229, 98440, 548

102. 399.2

120.796. 6

108.4134.5130. 6152.6126.3147. 5

3, 134'202

22 1172, 015

6, 109492

16, 0321, 557

17.244.6

71100

53747391707069538373S389

1159293

1079786708599

11.9

6871

71,36630, 53040, 836

107. 0106.0136.996.8

114.8132. 3129. 6150.1121.8155. 1

4, 069'202

27, 5452! 016

8,101492

21, 4691, 560

17.945.4

86123699286

11087938269

110919589

1209493

11290897192

102

10.1

7170

89, 74138, 84250, 899

119.9120.0151.6110. 9120. 2136. 6133. 6167.9125.1146.0

3, 585'203

23, 7742 014

7, 620492

21. 1811, 562

17.846.5

86104

7191909985

1008365

105909089

1119288

10310190699296

9.5

7169

102, 22845, 85656, 372

115.3115.2134. 4105. 1127. 0125. 4120. 8152. 5112.5142.2

4 300'203

26, 0672 015

8,787492

23. 5991, 562

17.346.8

89114749394

10586

1008574

120889587

1159287

10510088748899

9.6

706S

111.88345. 90565, 978

122.8126. 3135.8114.0138.4133.8137.3160.1120.4153.9

4 398'202

26,0202, 015

8,911492

24, 7371,568

16.545.9

87987592939076978973

112828891

1159495

1029792758997

7.5

6467

106,41743, 10463, 313

125. 5133.1132.6116.4146. 7137. 7145. 0164. 9123. 3153. 9

3 966' 202

24,5072,013

7, 698492

20.8821, 568

16.445.4

r»481516567766673675083668391

1189292

10810394739510

10.0

6168

88, 56537. 21351,352

96. 495. 7

102. 688. 1

121.9132. 1134.4151. 1119.4148.6

4, 37(' 202

26, 8282,014

8, 750493

24,4921, 575

16.944. 1

77107

r 6286849486

1017660

* 104789899

123r ]()7

10112211510180

104104

15.1

6609

101,51242, (59258, 820

119.4120. 4121.2110. 2150.5146. 0151. 1168. 1133. 6163. 4

EMPLOYMENT CONDITIONS AND WAGES

EMPLOYMENT

Factory, unadjusted (U. S. Department ofLabor) 1923-25= 100. _ 107.2

Durable goods do . . . 104.8Iron and steel and their products, not in-

cluding machinery 1923-25=100.. 113. 6Blast furnaces, steel works, and roiling

mills 1923-25 = 100. _ 123. 2Hardware do 101.4Structural and ornamental metal work

1923-25=100.. 83.7Tin cans and other tinware do 100.0

Lumber and allied products . . . do 73.3Furniture do 91,5Lumber, sawmills do 66. 2

Machinery, excl. transp. equip do .._ 123. 0Agricultural implements (including trac-

tors) 1923-25=100.. 133.5Electrical machinery, apparatus, and

supplies . 1923-25= 100.. 111. 5Engines, turbines, water wheels, and

windmills 1923-25= 100.. 181.7Foundry and machine-shop products j

1923-25=100._ I 103.3Machine tools* do I 246.0Radios and phonographs do j 159.8

Metals, nonferrous, and" products. _.. do ! 119. 9Brass, bronze, and copper products..do ' 146. 2

100.289.8

97.2

101. 194.2

73.8107. 070.090.763. 4

100. 3

116.1

92.2

99.2

103.696.1

106. 8

115. 199.7

76.3105. 772.494.665. 5

106. 6

117.8

97.3

105.2

85. 8156.2 I150. 1 I100.3 !115.2 ;

91.2 I170.6 i176.5 I110.4 !131.1 '

103. 898.2

111.1

121.8106.4

76.0100. 673.096.865. 5

111.0

124. 6

100.4

109.8

95.4183.9179.7113.5137.4

104. 1100.0111.4

123.3105.6

75.495.471.194.863.3

113.1

130.9

102. 6

119.8

97.2192.2 !162.3 i112.9 !137.7 i

101.497.4

108.3

120.9103.5

73.493.667.390.359.5

112.4

135. 2

125. 3

97.2 |196.8 !136.4 I109.8 ;135.7 I

101.496.6

106.7

117.4101.3

71.692.766.789.059. 1

113.1

141.1

101.6

133.0

97.6 I204.8126.3107.2128.3

100.896.4

103.5

111.598.8

70.393.766.888.759.5

113. 1

143.6

101.7

134. 5

97.2 !211.0 !121.7 !107.1128.7

99.696.0

101.7

108.498.1

70.094. 866.986.460.3

113. 6

141.4

101. 5

140.2

97.2 I216.3 !

128.3 !105.6 :125.8 I

99.096.5

101.9

109.195.9

71.195. 668.087.361.9

113.9

139.6

101.9

148.9

96. 5221. 1136. 5105. 3125. 5

99.497.0

114. 381.6

73.5102. 868.388.161.9

115.1

137. 3

103.3

158.1

96.9229. 1141.0106. 6127.1

99. 595. 6

119.082. 9

76. 0105.968. 287.761.5

116.1

130. 6

103.8

167. 5

98. 0235. 2143. 4106.9129.7

122.1r 96. 4

r 79. 9r 108. I

r 71.391. 1

r 64. 9r 119. 2

131.2

r 106. 6

' 175.2

100. 5r 237. 5r 157. 1

113.8' 238. 4

' Revised.tRevised series. Department store sales in Atlanta district revised beginning 1919; data not shown above will appear in a subsequent issue•New series. For data beginning 1923, see table 39, j>: In of the. October 1910 SURVEY.

270S03 - '|0 - -j

Page 28: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

26 SURVEY OF CURRENT BUSINESS November 1940

Monthly statistics through December 1939, to- 1 1940gether with explanatory notes and references Ito the sources of the data, may be found in the1940 Supplement to the Survey

Sep-tember

1939 1940

Sep-tember October ! Xovem- i

! ber IDecem- I

berJanu-

aryFebru-

ary March j April May June July

EMPLOYMENT CONDITIONS AND WAGES—Continued

EMPLOYMENT—Continued

Factory, unadj. (U. S. Dept. of Labor)—Con.Durable goods—Continued.

Stone, clay, and glass prod. ..1923-25=100.Brick, tile, and terra cotta do.._Glass do. _ _

Transportation equipment do. _.Aircraft* do_ _.Automobiles do . . .Shipbuilding* do__.

Nondurable goods doChemical, petroleum, and coal products

1923-25=100..Chemicals-. doPaints and varnishes doPetroleum refining doRayon and allied products do

Food and kindred products doBaking doSlaughtering and meat packing do

Leather and its manufactures doBoots and shoes ___do

Paper and printing doPaper and pulp do

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

Textiles and their productst doFabricsf doWearing apparel do

Tobacco manufactures doFactory, adjusted (Federal Reserve) do

Durable goods doIron and steel and their products, not

including machinery 1923-25=100,-Blast furnaces, steel works, and rolling

mills 1923-25=100..Hardware doStructural and ornamental metal work

1923-25=100..Tin cans and other tinware . do

Lumber and allied products doFurniture doLurnber, sawmills do

Machinery, excl. transp. equip doAgricultural implements (including trac-

tors) 1923-25=100..Electrical machinery, apparatus, and

supplies 1923-25= 100Engines, turbines, water wheels, and

windmills 1923-25= 100..Foundry and machine-shop products

1923-25=100..Machine tools* do_.Radios and phonographs do...

Metals, nonferrous, and products.. _-_doBrass, bronze, and copper products.do

Stone, clay, and glass products doBrick, tile, and terracotta do.. .Glass do...

Transportation equipment do_..Aircraft* do...Automobiles do ...Shipbuilding* do...

Nondurable goods 1923-25 = 100Chemical, petroleum, and coal products

1923-25=100-.Chern icals doPaints and varnishes doPetroleum refining doRayon and allied products do

Food and kindred products doBaking doSlaughtering and meat packing do

Leather and its manufactures do__Boots and shoes do...

Paper and printing do...Paper and pulp do_-

Rubber products..* do-_Rubber tires and inner tubes do_.

Textiles and their products! .do.. .Fabricst .. do....Wearing apparel do...

Tobacco manufactures do.. .Factory, unadjusted, by States and cities:

State:Delaware - 1923-25 = 100Illinois 1925-27 = 100Iowa 1923-25= 100..Maryland 1929-31 = 100Massachusetts 1925-27 = 100New Jersey 1923-25 = 100New York - 1925-27 = 100 IOhio 1926=100.-1Pennsylvania . . 1923-25 = 100 |Wisconsin 1925-27 = 100_ -1

City or industrial area: !Baltimore 1929-31 = 100. _|Chicago . 1925-27=100.. ICleveland 1923-25 = 100. J

64. 6109. 1122. 2

110.3180.3100. 5

122.6143.4126. 2122. 6311.9147.7146. 8107.000. 580. 3115.3116. 5

72. 4102.492. 6120. 465. 8104.8104. 0

112.0

123102

9ft70. 5

9064

122.4

141

111

181

103245138

18. 6146

82. 861109

125.3

188105. 6

121.4141127121301)

127.1145109

s0. 688

1 15.6117

81). 8

101.703. 3116.2

108. 0

138. 9111.882.."115.497. 2

100. f91.2

100. 4

108. 9

"iO3.7

81.763.2

100. 997.0

1, 466. 598. 7129.0110.2

118.0123. 6122. 1123.1300. 2150. 7148.0101.397.896.5113.2108. 886. 070.0104.393. 3124. 866.497.588.9

96.4

10195

7197

67.48761

99.8

123

92

99

155129

99.2115

79.059100

1,512102128

105. 7

116. 4122123122297

128. 1146102

96.895

112.8109

86. 170

103. 493.9120.464.4

99.982.3129.4 !101.5 i79.0 |

100. 187. 591.1

r 83. 990.9

98.774.90.0

84.864.8

106.9 |105.3 t

1,556.4 I' 107.8 !

133. 6110.8

122. 3133.6 ,125.1 i122. 7 !

310.2137. 7148.0102. 7

96. 294.1

116.5113.692.473.6

108.098. 6124. 766. 7101.294.6

105.9

11599

75103

69. 48963

105. 7

125

108

91170145

107.0130

81.961106

105. 61, 605

108132

107.6

119.9132125122309

126, 9140103

97.496

115.0114

91.274

106. 097.7120.463.5

98.686.0

132.4104. 882.5

105. 090.695.790.089.4

101. 078.593.3

85.564. 7109.3102.9,749.5102.3132.9109.2

122.6137.7125.1123.7313. 4129.8146.5107.991. 989. 0117.5115.293. 974. 5107.7100.7118.766. 4103.497.3

110.8

122106

76103

66110.6

116

95183160

110. 1137

85.064109

101.31,767

100133

109.2

121.3137126

310 |129.6 |

145 I106

99.1 !98 '

115.7115

93. 175

107.599.7120.463.1

98.287.7137.0105. 582.8107.491.397.091.792.1

101.880.395.7

83.6 |62.6108.5 !116.5

1,886.0118.1139.4108.0

122.3137.6124.2 j122. 3312.2126. 0144.8112.193.290.8118. 5115. 193.074.7105. 698. 5116.965. 8104. 5100.0

112.1

124106

76100

9366

112.9

7.77.0

105. 6115.5

75.5 | 77.752.9 I 54.4 i

102.5 ! 106.2 i114.8 I 117.0 !

2,029.7 j 2.041.5 | 2,096.2

103

124

97

191153

111.3138

85.4 j65 I109

112. 61,905112139

108.9

121.9138 |126122 !311

131.4 !145 !108 I

96.9 i96 i

116.4 !115 |

92,4 j

105.'8 I96.9 !121.6 i64.7 !

98.4 i87.8 i140.4 i105.8 i81.9 !

106 2 !91.4 !97.8 [

91.4 !92.9 :

102.6 !80.4 \94.9 1

115.8137.5105. 3

121.0135. 8123. 5 |121. 6313.5 j119.5 I141.4 |111.897.495.8115.1114.190.073. 6103. 595. 9116. 159. 0103.999. 7

110.4

122104

75101

72. 09465

113.4

133

103

133

98197144

111.7137

85.866 I111 i

113.12,050

111 i140 !

107.9 j

i

121.4 !138 !

\\310 i

130.7 j144 |108 I

97.3 !96 |

115.5 !114 I

90.2 I74 !

104.4 i95.0 !

121.3 !64.2 i

97.1 !86. 0 ".136.2 I104.4 :

80.8103.4 I89.7 i95.6 i88. 991.0 •

I101.3 I78.4 i94.6 i

113. 1142.7106.1

121.0136.1123.2 |120.9 |313.3118.8 I142.3108. 6

99. 398. 3114.6113.088.073.0105.595. 5123. 76]. 7102.197.4

107.0

117101

10070. 0

9163

113.6

137

102

134

98

204144

107. 5128

80. 861103

110.82, 062' 107146

106. 6120. 6

138124

309130. 8144109

95.494

114.7113

87.973

102. 793.1120. 0

1

114.4150.7105.1

122.8135. 6123. 5121.3309. 0118.8143. 1107.498.297. 7114.4112. 687. 272.3102.990.7126. 663.6100.405. 9

102.7

11008

7299

68. i0061

113.3

136

102

132

97

209145

106, 6127

80.059105

111. 12, 075

107148 |

104.8 |120.0

137124123304

130.3145110

93.893

114.8113

86.772

99.188.6118.864.3

96. 185. 9

135. 71.04. 080.7

103. 590.995. 388.389.5

100. 878.194.6

80.558.0105.3 i115.4 !

2,166.0 | 2,112.0 i152.8 i103.0 !

123.4135.2124. 4121. 1 !305.8 I119.7 !142.5 !103.6 !94.293.1113.8112.081.769. 798.888. 3118.663.899. 295. 0

100.8

10797

7198

67. 20060

113.4

133

102

134

97

215153

105. 9125

79.859104

109.72, 124 i

106 '148

103.3121. 1

136123122312

128. 8144107

91.990

114.3112

83.970

96. 687.8112. 465. 0

96.9 !85.4 i134.6 I105. 278 0

103. 791.594.386.890.9

102.7 !77 6 !95.3 !

98.584.4134.9105. 476.3

103.189.393. 185.390.0 |

103. 5 |76.5 !96.2 l

82.060.9

104.4 J115.0 !328.2 -109.8 I158.2 !101.5 I

120.8 j136.2125.9121.8 I304. 3121.7144.8105. 7 I86.884.6 !115.0 I115.2 I83.869.096. 087.0112.26° 290'.295. 2

101.2

10995

67. 99061

113.4

136

101

96220155

106. 0124

78.95S103

109. 92, 260

105154

103. 1

122 2~137121122311

129,1 |145 |107

87 9 i" 86 I

115.3 I115 I

'83.;; !69

96.3 !87.7 Ini.fi63.2 !

98 984.7136. 5106. 074 9103. 888.492.784.390.4

102.677.097.0

82.963. 1104. 9112.3. 518. 7104. 0

r 10L 7

r 110.0138, 3126. 4

f 123. 2306.0 |120.7 I147.0 I108.286. 884. 8114.5116.283, 468. 503. 785. 7107. 961.0100. 2

103. 7

11582

73100

67. 49060

114.9

136

103

152

97228141

r 108. 2128

79.858103

' 109.92, 445

102164

101.1

122. 6

123315

131, 9146109

80. 6s<

115. 71.16

' 81, 2r f,l)

96. 888,0112.465. 2

100. 985. 5137. 6106. 474.6105. 688. 594.085 592^4

102.6 I77.2 !

90. 9 i

' 82. 464. 1

' 103.8

170. 1 |103. 3

' 118.5140. 1124.fi122.9306. 9135. 5147. 1111. 191.690. 7m.7

r 117. 1S3. 569. 394. 58b. 0 I104.962.4 |101

107.3

120

60116.6

133

98238145

110.7132

81. 5(',[)

1(16

175105. 2

121.013s124122308

120. 0146111

00. 0SO

11". 4

116.162. 8

99. 386.9 !

136.2 |108. 0

106.0 i8s*. 994. 2

105. 7

78, 7

07. 7

' 84.564.4

r 106. 9'" 102.61.872.2r 86. 4' 181.0r 107.6

119. 4' 1 1 1 . 6r 123.5r 122. 7307. 7

<- 146, 0' 146.6'• 106.8r 92. 0'91. 1

r 115. 2r 1 \',\. 0r So. 870.5

r 91'. 8r 9U. 4

r 116.8r 64. 4'• 103.6101.4

r 111. 1

123

r 99

'7898

" 60. 000

- 120.0

139

' 107

175

101

<• 145

r 115.7140

r 81.860

' 107' 11s. 7

••' idsr l.v;

r 105. 7

122.2' 141126122306

r 129.9146108

SO. 1

71

•" 11)1. 1r 92. 6

r 116.!

r 63. 0

137, 3r 110. 5

70. 0111.303. 0

>• 07. 4

' 80. 605. 0

108. 080.2101. 3

r Revised.tRevised series.*New series. For indexes beginning 102:5 tor macnine tools and shipbui ld ing, and beginning 1931 through 1937 for aircraft, see tables 39 and 4). p p .

1940 Survey. Aircraft indexes beginning J a n u a r y 1038 are in process of revision on the basis of more complete reports from the indus t ry ; revised data will appear in the nextissue.

s. D a t a for textiles and products and fabrics revised beginning 1933; revisions not shown in the M a y 1940 Survey will appear in a subsequent issue.For indexes beginning 1923 for machine tools and shipbui ld ing, and beginning 1931 through 1937 for "aircraft, see tables 39 and 4r), p p . 15 and 16 of the October

Page 29: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

November 1010 SURVEY OF CURRENT BUSINESS 27

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

1940

Sopieiii-bi>r

Sep-tember

i«>;jj)

October

EMPLOYMENT CONDI

EMPLOYMENT ( onhnihd

I a ( 101 \ , u n i d j u M i d ' A " - ! i t i - i v l < i> < ( i n

( i t \ ( i m d i i s t . i i l n t i ( O I H m H (f

i ) i t t o i t 1 ' i J ' , 2 " 1 0 0

Mil» \ n . k c e . 192 2" m o\ l \ \ ^ Oik (IfI ' h n i d i Iphi i . . i*J2> 2 " - idliI ' U K b u J i . i>."V\ llniiM >i m d o

\ o n m a n u l u hir irvT , u n id ju^ ' t t ( S J )ojjarr-

m i i ol L i b o n .M nun J.

\n l 'nac i to 1929 -100B i t u n u 1 out , c o a l (\oM( l a l l i i i - >u^ d oC i u d i p< l i u i i i n n p r o d i u ih~ fi<>Q u i n \ i" ( : r m 1 n o n m e t a l l i c u o

P u b l i c i i i ' M t uI 1< c t r u b h i a n d T)o>\< I T d o

^ i i i ( t i .ulw i \ ^ in I b is>( -,| d o1 ( k ( ihom i n d ti 1( g ta i i i , d )

^» r \ i(( si >\ hig i n d (ii IPIPST <\o

Vuii round hotc i» do1 i ( U

h « » ' i l , t . t ^ T d o< -( P . l l ' I K K 1 ' l l d l 1T1 r d i

\ \ ' 1 ' 1< C U O

\ 1 l M . « 11 i l l i O i l s ' 1 1 . p I ' i V i l H ' I t d d ' e -

I ( d < r l l n 1 - t * ( n f iVv \ - f o t i1 r, n p b t i

( M *•>{ i MC ' i o n ' ( < l a l i P i l m t ie") <,<

M i M l t l Ii M l <-"' IK J d '

I ( d< i i l f i \ i n T j 1 A 11 *-I T I, (1 S t l t ' S

D M , , ? o f ( l u l l b i t f\ >

K u l w i t n i p l i \ i s n 1 1 ^ 3 1 M< m i i h \ »\ s>

1 o? il ti iMi i iJild( MS

I i d US^H! 192' 2") K'0\dJUsH (1 d i

LYKOK COVlHTIONtf

\ \ M \uc \ \ i c k l \ h o i . i ^ ]>t r v ) > k i r u i l K h u s

\ u l I n d L o i , B d t2"> I P M ' J f r i ' O h i n s

I ^ I ) , ui o f L , l ) ( M M i , ! i s u v ) d o

I n l u i , i i d - { > n K s s i > i k ( b a n d lv;i k o u t s )

B i ( P l l l i I 2 n ' T M o M t h I n ' i l ) OT

I n i i K » i r i s ( n i r i i i J L i i n n t h _ d o

\ \ Ol j \ ( ' s 11 M l ] i | H i v t r l ' (. iB ( L n n P I T i n iii< i t h . 1 1 o u > 7 1 N

I n ! 1 0 t o d m 1 1 ^ m o n i r i < l u

M i n d i \ > i d l e I I I . N M " P I < ' \h *o

1 i n n ] ) ' I M I n t M . u n u i i ' n i J i i s ^ M - „ ] ! l )

P I if • n t Tit if t u !

\ p | n ii I n ^

\ d ' \ > i\\ . " h " i »ri*l —\ n a n TK H< d d > _

J l i ( ( M U M ' S t o 1 . d o

I V v i!< l u

1 M< n p l o \ i ( T i f i i i . 7 » o n ^ i t i o n t f i i \ i ' ^

' ( ,111111, 1 1 I n . . i P l . s j n l s

l i t Ii t 1 * [ 1 TI ( IM SI n < h \ i i u i l - n i mn, p ^ \ M I Tit * I ' O

\ n d ' i ' i ' ( 1 T) 1\ M tlf ^ ' 1 ' ^ ( I d o !

1 l l 01 1 i l ! 'M "\ 1 Ml T ' ( M ' 1 ^1 I ' l l J i t

\ ( ( ^ loTl r it < I 1 p ( i I ' I O i P 1 } 'i i • s

M [) u t i o n i i n , K i A ( i

D l s ( Ii ll . S d o

I i \ < ",< d )

g u i K \ U ( \ n , s i f U n « ) i . s r . . d«)

P \ \ ROLLS

1 d( t »1 \ , U T i l f ' i l l ' K d ' I ^ l K p i l ' P H I l t Of

I i b , p JM23 2 , lOO

D i l i d d i f ioo ' s d o

I r ' M ' > i l s i u | u i d t i , i i " p i d u r * ^ , i i n f m -

f l u d n i ' i i i n h M i x ]M2i-2") - 100

1 h s , l u i p i ' t s s t c i l w o r k s n 1 . o l h r i '

n i l l - 1 J M 2' - 100

II ,.<h« n< d oi ^ ' . r l . HI l l I P d 0111 IV 1 / ll T l | 1 W O T K

1MJ3 2 " M ; 0

1 i l l ( Tls i,i 1 o f ( r 1 I L V UO d o

1 i l l ll)( , IT.U i l h 1 [ .10 l l l L t ( i u

I u i ' H U H d o

I '«T> 1 i , s . u i P i l l - . df )

M c b u n i \ . < vf 1 t M P ^ p < d ' l i ! ) f lu

\ M i { u i d i r i i ]»l i 3ii> TJ.{ , CMI ' ' u d i n j ; t i if -

I d i s i ( )2 5 2 >=• 100

1 l ' f t i i ' I n i i c p u n r , , i p p r > t u - > , n d

u p i ) l < s >'-)2^ 2 1 lu t

1 T]< UK ^ i M l b l i R " - , W i ' t r W h ( K , H i d

w n i d n i l l s ! ' ) 2 s _ " 100

1 ' H i n d i 1 , a n d i i i ^ h i i u - s h > p p i o d ^ c t s

}h2i . . i 1(^0

\ 1 K . 1 a t o , W l 0

K i 1 u - U K I i l l . U L » . i ' l1^ d o

1 ! . (i

10") i

] ( ) ! U

Mo sM ~t

M) >

"»0 2

ss \~t ' h

' » ? 1

IM 0

M ) i

* > t7s M

IK 1 M101 s

')} 1

M S

<<1 ."1

o2 1

> " 7

30 0_

220>10

•, -

, ( (

' 72"i

i )1 '

i _07

>lM

! 2 id

1 S'tS

i 7 ) 1

(» 21

' 22

Id1 ' >

1 )>

111 > t

l 1 > I

l l s >

1 2 ^ i

i i i 7

7 i

11- -!7 i i

1 >, 7

1 1 >'i 2

! 1

2ir1

II.L ( |

K<2 i

107 iMs 0M5 >,

8-! 77M 279 9

40 181 16 2 M

6 1 0

17 'J

MO 6

(,<) 2

',6 1

101 2M7 891 i

MO 1M" s,00 5

i, S277 70i1 1 2 **fi*>

131 Ml

n l 0 OM)125, Moi,

1 OV)

"7 150 0

3^ 2^b 0

10,37 i

37101b i2

5, t»^2l ] 2 s /

>122S7

3 070

7*0•>>, I i )M

b J72 7')

1 1

1 s1 (i7

M3 S^7 S

92 S

M l ]

113 9

t)3 31.7 1

G? 17s 1*() '

100 0

123 0

9^ 1

no 2SO 2

is1, s1 ««) 0

102. 49(i. 297. SHS. 187. 980. 9

51. 993.065. 364.348.0

90. 469. 576.5

105.196. 092.9

91.798. 992.4

47.9262, 760133,904128, 856

936, 409126. 518

1, 075

59.157.5

39.039.1

205356

107140

1,508

5,4661, 329

366308

3, 534

50226, 690

5. 892.91

. 171.81

.93

101. 699.6

112.1

123. 6109.6

68.3111.368.784.961. 6

111.0

j 131.3

1 105.7

129.2

89. 5207. 6169. 6

.Novem-

berDecem-

berJanu-ary

Febru-ary March

1940- - • ' • - — — —

April

TIONS AND WAGES—Continued

105.9102. 795. 987. 792. 189. 6

51. 394. 966.563.847.1

90. 369.376.1

97.895. 691.8

93. 3105. 9

92. 1

44.2227, 233112,816114,417

934, 998126, 380

1, 058

58. 257. 8

39.138. 5

178317

43130

1,665

5, 6291,415

289249

3, 820

63728, 369

4.102. 95

.151. 97

.83

101.6100. 9

114.7

127.3118. 6

67.1105. 468.886.260.8

117.1

140.5

109. 6

139. 1

94.3237.8

i 170.3

112. 1lOt 095. 186. 993. 190. 0

51.092.667.363. 844.0

90. 169. 075.8

97.495.690.8

104. 2146. 492.2

41.3185, 66181,845

103, 816

987, 857127,502

1, 029

56.557.9

39.138.6

106222

1237

384

5, 7461, 290

265235

4, 204

65830, 471

2.843. 46

.122. 65

.69

103.7104. 6

115.3

129.2117.0

67.2100.465. 285. 555.4

122.1

151.5

114.2

156.6

98.6256. 2148.8

104. 9101.692 185.592.089.0

51.591.866. 463. 237.8

89. 168.876.1

94.096.091.3

87.789. 390.6

31.6145, 707

42, 960102, 747

938, 403127, 418

1, 008

55. 457.7

38.737.4

116210

2540

239

6, 0791.601

221190

6, 063

87740, 996

3.743.43

.142. 55

.74

98. 398.2

106.2

119.3108.9

62.696.958.874.651.1

119.1

155. 8

112.4

161.8

95.2258. 5121.7

110.797.295. 986. 690.088.0

52.091.766.363.038.3

89.268.775. 9

93.795. 892.1

87.087. 990.2

31.1163. 592

43, 267120, 325

939,015127, 771

1, 014

55. 757.9

38.037.3

' 153r 245

r 20

37-285

5, 9201.304

203184

5, 825

98544, 328

2.983. 56

.162.67

.73

97.896.7

100.9

110.2100.9

60.393.0

1 60.0! 76.8

52.0119.3

163. 8

111.6

171.6

94.2270. 7

! 113.0

110.399. 998.484. 788.488.6

52.689. 766.263. 241.0

89. 368.276.0

99. 596. 292! o

91. 196. 490.5

31.2164,726

60. 417104, 309

945. 836128, 643

1, 006

55. 266.8

37.737.5

* 159r 27; i

'•2?r 4;

r 3S1

5. 0251,351

243218

5, 670

1, 09547,130

2.943. 46

. 1 52. 53

. 78

98.297.6

96.5

101.8104.7

59. 599. 661.077.753. 3

121.5

167. 9

113.8

175. 7

! 95.7I 281.61 109.5

108. 899.193. 783.786.190.0

51.686.267. 763. 144.5

90. 368.376.7

104. 597.292.7

89.892.989. 3

35. 7205, 164

93, 726111,438

959, 146129, 677

1,004

55.155. 6

37.637.2

r 204r 302

' 38r 5]

' 442

5, 6S21.515

295259

6, 614

96142, 286

3. 053. 66

.132. 69

.84

96.397.2

94.9

98. 6104. 0

61. 2101.061.474.255. 4

121. 6

166.1

112.7

183.1

95.4287.1116.0

; —-M a y

102. 699. 491.182.086.289.9

52. 285'169.263. 346.9

90.668.477.3

108.799. 193. 4

91.295. 188.9

42.9258. 162131,970126,192

977, 990130, 937

1, 032

56.756.0

37.537.2

r 20S' 321

'• 5 1

'• 7 0

' 661

5, 7241,328

304

7, 253

1, 20154, 879

3. 363. 78

. 132. 78

.87

96.397.5

' 97. 2

103.1101.9

61.7100. 963.374.858.3

122.3

164.0

114.3

193. 8

94.6I 289.7! 126.9

June

96.0100. 0

88.483.089.689.6

50.283.870.363.847.9

91.268. 577.8

112.6102 1

92.0

91.99(3. 289. G

47.6286,100152,049134,051

1,010,519133, 854

1, 055

58.056.7

38.037.5

r 175'274

3552

'466

5, 7341, 318

3302SS

6, 525

1,26953,618

4. 763. 30

. 1 4

2, 32.90

97.9100.0

102.8

113. 985.8

64. 8113.563.675. 958.1

125.1

157.8

118.3

210.7

! 95.8I 3 0 2 . 9

134.0

July

r. 4.197.580. 284. 591. 1

87.5

50. 884. 9

r 71. 063. 7

r 48. 1

r 08. 4r 7S. 8

r 10*. 2r 102.5

'• 1)0. 3

' 89. 190. 3

r 89. 2

49. 4301.773165, 52S

136, 245

1,023,5.12'138, 153

1,071

58. 8>• 57. 4

38. 1

37. 3

'• 182r 290

r ,18r 76

r 552

5. 5651.401

30S260

7, 291

1. 22055, 741

4.773. 35

. 142. 25

. 96

96. 5r 96. 1

104. 3

116. 285. 7

67. 6113.4

60. 774. 353. 9

125.7

148. 9

118. 1

223. 8

96. 3r 307. 8

138.5

August

93. 4101.497. 1

r 87. 9r 93. J

88. 8

50. 386. 671.503. 448. 8

92. 9V)H. 478. 0

105.9102. 8

90. 6

88. 48S. 990. 0

.11. M310,082

172, 379137,703

1.038,229142, 821

1.081

59. 3

57. 9

38. 538.4

v 21 2v 320

v 52" 73

v 015

5, 2121, 274

331280

5. 906

r 1, il>551, 697

(i. 633. 00

. 161. 631. 21

<• 103.8r 105. 0

r 113.5

r 124.8r 107. 2

r 72. 9r 121.9

r 68. 3r 81. 8' 62. 2

'• 131.0

152. 0

r 123. 7

r 23*. 91

r 101.2r 3 0 2 . 9r 149.8

r Ki v M il 1 I*i ]'i 'u r .i\ iDi un <ion ill iTin«M fiom " ivm" as separations such as deaths, permanent disabilities, retirements on pensions, etc., are included.^ H I U M I P U miu d i t . u< JU\I k'\ i u * v ol ll'o nu inUr u c tn ing benefits, based on an average of the weeks of unemployment compensated during weeks ended within

the mo'iUi.TR< \ ism! s i

1940 Mil \ oj. ^iib1940 lSMio

*New senes. c"ee note maiked with an " * " on p. 20.

*. Toll phopf MI i till ?i .'Mi eiiMi!o\ rnent in Uxo* revised beginning 1932, other indicated employment series beginning 1929; see table 19, p . 17, of the Aprilqu( nt 1 e\ 1 1011-) in lLiut s.es for street rail A ay* and busses beginning 1932, superseding those shown in the April Survey ,appear in table 27, p . 17, of the May

Page 30: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

28 SURVEY OF CURRENT BUSINESS November 1940

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

1940

Sep-tember

Sep-tember October

1939

: Xovem- ;i ber I

1940

Decem- |ber

Janu-ary

Febru-ary March April Mav June, July I August

EMPLOYMENT CONDITIONS AND W AGES- Continued

PAY ROLLS—Continued ,

Factory, unadj. (U. S. Dept. of Labor)—Con. •Durable goods—Continued. \

Metals, nonferrous, and prod. 1923-25=100.-|Brass, bronze, and copper products, do j

Stone, clay, and glass products do !

Brick, tile, and terra cotta doGlass - do

Transportation equipment -doAiicraf t* doAutomobiles doShipbuilding* do

Nondurable goods doChemical, petroleum, and coal products

1923-25 = 100,.Chemicals doPaints and varnishes do

128.0177.678.953. G

110.7136. 5

Petroleum refining doRayon and allied products do

Food and kindred products doBaking - do . . . .Slaughtering and meat packing do

Leather and its manufactures do jBoots and shoes do

Paper and printing doPaper and pulp do

Rubber products doRubber tires and inner tubes do

Textiles and their productsf doF a b r i cs t doWearing apparel do

Tobacco manufactures doFactory, unadjusted, by States and cities:

State:Delaware .,1923-25=100.Illinois . . . 1925-27 = 100..Maryland 1929-31 = 100--Massachusetts 1925-27 = 100...New Jersey 1923-25=100..New York 1925-27 = 100..Pennsylvania 1923-25=100..Wisconsin 1925-27=100..

City or industrial area:Baltimore 1929-31 = 100-.Chicago 1925-27-100..Milwaukee do . . .>;ew York - - do_ -Philadelphia 1923-25 = 100. -P i ttsburgh doWilmington do

Nonmanufacturing, unadjusted (U. S. Depart-ment of Labor):

Mining:An thracite 1929 = 100..Bituminous coal doMetalliferous doCrude petroleum producing doQuarrying and nonmetallic do

Public utilities:Electric light and powerf doStreet railways and bussesf do ._.Telephone and telegraphf do

Services:Dyeing and cleaning do.. -Laundries doYear-round hotels do

Trade:Retail, totalf do

General merchandising! doWholesale do

104. 0

WAGES

39.383. 009. 657.446.0

105. 771.3

100.8

85. 689.881.3

85.090. 680.9

18.99

Factory average weekly earnings:National Industrial Conference Board (25

industries) dollars..U. S. Dept. of Labor, (90 industries) do

Durable goods doIron and steel and their products, not in-

cluding machinery dollars.Blast furnaces, steel works, and rolling

mills dollars-Hardware do. . . ,Structural and ornamental metal work j

dollars __Tin cans and other tinware do I

Lumber and allied products do |Furniture do 1Lumber, sawmills do j

Machinery, excl. transp. equip do i . . . .Agricultural implements (including |

tractors) doll ars,. jElectrical machinery, apparatus, and j

supplies dollars. _ jEngines, turbines, water wheels, and I

windmills dollars.. |Foundry and machine-shop products j

dollars..!Radios and phonographs do ]

96.5 ;122.871.7 :50.4 i

105.0 ;99.5

1,361.6102.9134.8 i100.5 !

124.6 |139.7 !127.5 I134.8 !

286.4139.7 !138.8 i107.976.6 i72.4

109 3113.491.082. 7 I86.5 :

81.092.1 I62.Q I

86. 771.7

117.573.394.282.4

r 75. 390.1

118.362. 89;': \S6. 479.772. 673.7

40.180.255.160.842.7

102. 269. 296.9

78.384.5SO. 4

113.6 ;154. 1 I80.356.6

121.2 i109.9 '

1.512.1113.3143.6 >103.9 •

133.3 ]157.9 I134.6 i140.0303.0130.0 i136.6 !107.7 i76.571.1

113.8 i125. 6 |101.9 '90.693.588.0 |98.763.4

92.1 !

12o! 976. 5

104. 387.4SS. 796.2

126. 267. 4

103.490. 185. 692.781. 7

97.663.458. 845.6

102.071. 297. 2

77.383.982.2

80. 9 i 83. 285.3 I 88.578. 0 I 80. 3

27. 58

28'. 18

28.25

29.7729. 85

28. 2425. 8129.71

'. 6224.86

33. 9127.13

115.4 !157.0 |78.9 !54.3 :

121.0 i105.6 ;

.718.0 !106.0141.0 !102.4 I

133. 1 !1C1.5 !131.5 !137.9 j310.4 I125. 3 j136.9 !112.7 1

71. 1 j64.6 i

114.2 j124.6 I99.8 i85.9 !92.7 !91.6 I89. 262.9 !

92.9 ]

77.8 ;J27.878.0 i

106.4 i87.8 i89.7 !99. 4 I

I128.2 ;67. 5

109.4 i87.485.6 !96. 1 :83.7 I

42.096. 363.959.642.9

J02. 569.49G. 4

70. 882.981.8

83. 692.479.0

28.49 I25.7329.41

31.09 ! 30.55

33. 0827 58

116.5 !158.9 !76.4 i51.6 :

118.9124.1 i

1.777.9 j

127.9152.0 i102. 8 i

133.4 !

162.3 I130.5 i137.6 '•314.0 i124.4 i134.1121.5 :75.4 i70.2

116.8122.5 :100.5 !89.9 ;

91.6 :89.5 ;

90.2 I62.3 '

94.9 {

79. 1 ;127. 7 \

78. 7105. 789.390.1

100. 1

128. 109. 4

110. 688. 786. 098. 785.7

26. 684.365.059. 239.2

102.469. 897.4

69.983.781.1

91.8] 25. 879. 1

28.49 I26. 26 !30.04 I

30. 71 iI

33.19 :27.44 I

l")0 366 943 4

113. 1118 3if 1K) 6119 914S 09h 4

\".\ ')159 b128 ')13* ">S20 4117 0H I 1] ] s <)

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91.175. 7

123 s76. S

Hi';. 68M 'JM. 494 7

124.266. 9

104.384. 583.892.382.4

S7 063.65S. 429. 6

101.669 097. 4

65. 583. 481. 1

80. 882. 7

19.9520. 9518.39 !28.23 !

28.91 !

30.97

28.8723.86 j20.80 !21.7219.45 :

29.20 ,

29.92 I

29.24

32.48 1

27.8622. 92

29.:23.79

28. 5223.7020. 6321. 6319.20

29. 51

30.27

29.34

33. 4629.4323. 47

28. 7423. 8220. 1821.8718. 1130. 25

31.07

29.89

34.49

30. 3522.71

28.09 S25.51 !28.96 I

29.07 !

31.2526. 01

27. 6523. 4619. 1019.9517. 7329.74

30.91

29.67

34. 10 !

29.27 i22.12

27. 61 ;25. 20 :28.60 !

29. 6924. 65

22. S219. 6920 91IS. 1929. 67

31.14

29.53 :

34.09

28. 8922! 19

27.61 I25. 46 I28.90 I

28.88 ,26. 15 ;

27.39 !24. 15 i19.91 i21.15 I18.49 -30. 15 i

31.37 I

29.98 i

34.43 I

29. 3922.30

27. 6025.33 I 25,28,92 I 28.

>7 I43 I

28.23 i79 !

28. 1625. 25

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100.86.M91

122.66

100.S7.83 .87.82.

32.87.64.5930.

102.71.90.

64,83 .82.

79.80.

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109. 7115.486. 578. 181.475.288.758. 7

98.174.2

124. 170. 9

101.885.079.296.1

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36. 37° 26;l 559. 038.1

103.369. 298. 7

70.685. 683. 2

82. 385. 077.4

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71. 649'. 2

112 0116 6

2, 212 0' i l l . 1

lsO. 494. 9

133. 6K1.9136. 3136. 8311.4121.5137 S110.463. 6."s! 3

113. 1J21 .2

87. 179. 977.973. 981.0C . 7

97.074.8

126. 370.3

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40. 075 365. 758 742.7

104. 269. 298.8

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83.486. 677.4

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107. 586.382. 599.9

129 6t.7 3

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40.673. 905. 45S. 843.9

104. 870. 5

100.0

89. 692.482. 0

84. 889.378.4

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r 71.5 1 .

' lOi .T 96.

2, 035.r v 0 .193.97.

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77.77.7675f>2.

97.77.

13 L75.

lor."S*i.

r so.ion.

132.OS.

101.M).85.S9.85.

r 30.r 7"}>r f)3.

59.r 43.

r 105.70

r 101.

' 80r 90.T 8 0

r go' 8 4T t J^

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11

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024i68s"

7

7

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s

r

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005

603

r 117. 0T 160 S

r 70. 753. f>

* 116.0* 113. 1

2.972 5' 97 5

' 211.5r 102. 5

r 1.'.4. 171 0

»• 132. 1r 137. 1

" IS 0' 139 2

' 10. 1r 112 .3

' 77. 1' 75 1

r \ 10. Ur J 21 .8

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' 100. 680. 1

'133 777. 7

113'. 292.4

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135. 570.3

108. 793.9

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33. 183. 369. 159. 145.0

107. G70.3

100.8

78.090. 680.9

81.381. t78. 7

.80 i 29.48 I 28.52

27. 50 ! 28. 16 I 29. 30 j 28. 89

28.73 i26.13 !

28.42 I24. 20 j20.00 I20. 70 I18.93 I29.97 I

31.43 !

29.70 j

34. 35

29. 27

34,

2922.46 , 23

9.87 !0.14 I

, 13 !04 I22 I

1 59 !4 3 I

Ml ;

42 I

'.01 ;

.21 !

'.29.09 '

31.53 I 30.7525.45 i25.85 ,

28. 56 I25.04 !20. 17 !20 67 :

19.32 !30.41 ,

30.74 I

30.52

35.05

20.4123.61

28.87 ;24.38 I19.3720.2818.02 I30.29 !

30.42 !

30. 14 !

35. 14

29.3423.90

28. 5826. 1029. 98

30.24

32. 2527. 36

29. 5125.6120. 8121. 4919.79

30. 67

30.87

30.92

35. 8530. 1223. 4y

T Revised.tRevised series. Data for textiles and their products and fabrics revised beginning 1933; revisions not shown in the May 1940 Sur

issue. Telephone and telegraph pay-roll indexes revised beginning 1932, other indicated pay-roll indexes revised beginning 1929; see table 19,*New series. See note marked with an "*" «« *>«' on p. 26.

vey will appear in a subsequentp. 17 of the April 1940 Survey.

Page 31: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

November 1940 SriiVEY OF CURRENT BUSINESS 29

Monthly statistics through December 1939, to-gether with explanatory notes and referencesto the sources of the data, may be found in the1840 Supplement to the Survey teniber

\o \ en1.-ber

Decem- ' Janu- I Febru-b_r ary

1940

March j April | May July August

EMPLOYMENT CONDITION AND WAGES—Continued

WAGES—Cont inued

Fac tory average weekly earnings—Continued.U. S. D e p a r t m e n t of Labor—Cont inued .

Durable eoods- ( o n t i m u dMet ils, nonRr_ou> n i i i m d _ dollars i

Bra^s. bionze, and copp< i pt(>d . . d o _S fone, c l a \ , and _]a<-.s pro<_m {-.__ . -do . .

B r i c k , t i l e , a n d U n a t o t ' . i <\o . Id i a . s . . _ . d o . i

rl i a n s p o r t n t m n e q u i p m e i T . . . d '\ u f o n i o b : l e s . . . . . Co

X o n d u r a n l e U H K ' S _ _ _ _ _ _ ' ' u( l u m i c a l , p o t i o l c u m , a m i t o i l ] r ' > d ' : < t .

Mo1' u s _C henrca l s .

doP a j i i < i a m o s . _. . _I'< t rol i u r n n fin n_r _ ___ <\o __R a \ o n a n d al l ied p r o d u r t s _ _ . . ('o

I nod , m d k u i d n d product •* . <'o . _H ikniR _ _ _ _ <l) -v I n i ' d i t e r i i i " r i d w e it p i c 1 n ; _<!'»

L< a t h e r a n d i t s n 1 . n u f u W i r e s _ . t\o _ 'B o o t s a n d O u u <• _ _ _ _ _ 1>»

J \ j p i r iml p r i n t i r e ; . . . . . . . doI'.iper <iiid pidp__ _ _ _ (io _

Rubb< i piocuic t . I iKub l <*i t'.ti^ and mac r ki )'-, d

'Iexti1- •, and th_v pioduci . _d >I jblK's . _ (..' _ 'W einii_r app>n 1 __ _ _'i</ _.•

I ob ui(() i n a n u ' u t . i r c . . _ _d>> 'F u l ' > r \ , ' M r a1.1 b o u i h ( i i ' i n i ' s

X a l ' o m l IndiMi'_. l ( o n f u m c e B m . d (2~i jlpdu ti u i _ _ _ _ _ _ d'il! 'i !

I -> D t p t of T. dx>r ^90 induct ties ^ d . 'Dm lbii <roods _ _ _ _ _ _ i > _

lTon ind -4e<l and their p roduc ts ii t ,n ><lpuinir ni u ' l nncn d< ii ' s

J.I M lu ' r iaC(s , s t u i work--, and " IHIG:I'.ilK __ . . . __ __ _ ' i 'v ' n> i

II i n l u a r o . . _ d>; _|MimWual and ornamenti1 m<! .1 v ;i k J

1 i7i can^ and othT \v\\\ ~J* _ . dr _ iI un.bf r <4nd allied pi idiii /s .._ d'

I M T I M I I O -_ _ _ l'»

I umber , s iw n^ls- _ n , -AL.r l . uu rv , e\el ti ir._- ' q u i p _ do

V>:r K ul iu. , '1 l r ipKvi i nt-> ( ' i u l . ' . ' i i - j

i l » i \ , \)in t t n - ,_ _ _ C'l.ll

s v ater whul ,do '

] iinv\ , tuW i I K ' . j i l ' l S __

1 o i i n " i > . m l n n c h ne-sj u

R ' ( ' K I > Mid p l u m o j n ph<- _M e n ] , n o i i i e n o ' j - m l j u u ' i H

B b ^ d^ b( 1,)m ( 1,)\ , an

V\i ,. t d e , dJ _

'a^oobilc>

productuoU i._

d orl r ii^D\ u f o

\ o n d u i d) legrods _ . do( m MIK ii, pet ioleuin, i n d t o i l p n - d m ' s

d d 1 . '( IK m i c d s ___ _ _ d )T a i n ' s uid \ un ' she* _ _ _ 'oJJ< tiolt uni r< niiiPL __ __ _ doI . a \ o n and <dhi d \ iod'i({s_ ._ . . do

1 nod cMl 1 k ind l "d p'odiK ts_ _ . do

Boots

' . r e . ml i n ' a tK1 u s ,u .mil ,ciud shot s _. .JafiPi u( pnntJT-r __

P i p e r ' nd pulpl l ubbe i pi )du(t> _.

Rubbe r Mil s ami mro i t u b1e \ f K s ajnl their produc i_>

1 ibrics . . . . _.\ \ e .rini1 anpar. 1 . ___ _

rl ob K i n ih ami ,ctures_F a t t e r v ,u< i ag p w c e k h u u n i i r j s , >>

Delawan . . . . . ._ VJihnois . . . . . . .Mass u hu^i t t s _. . . .\ c \ \ I ( r s t \ ._ 1

Io

do __

t«ilo_>i)-2 - ion

27-1 'Kj .

Vt2~>-27= if .O .

Yl2\-2", - '<'>>)

h)Jo-27-=lUn_

1 '101

^ aa . . _Wisconsin - _

M isc( llaneous w age ditaC onstruction wage rates (E X R ) \

Copimon labor dol p i rhoui . .Skilled labor . . do .

h arm wage s w .thout board (quai U rh)dol ix i mr ntb .

wages (avg , class I; . dol per hour . _ __

JIN 2

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20 61 I62 0728 7 ' !35 27 '2 s) S2 '

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27. 3730.2823. 5819. 5226. 2033. 2334.2821.87

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26. 6528.9623.7119.3025, 8933.4734.8021.73

29. 3131. 7928.43 |34.78 I26. 3325.0025. 8426.8819. 6118. 5928.3725.4227.4032.2917.4816. 9818. 8610. 25

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92.195.895.9116.495.4105.2105. 7

26. 9629. 0124. 0319. 5526.0234.3935. 5321.86

29.1431.7228. 9334. 9626. 2625. 2526. 1227.2619. 2318. 2028. 6725. 1727. 6631.9817. 4516. 6219.5416.88

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93.495.698. 6118. 697.4106. 3106. 5

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26. 7628. 7424.4919.9726. 4934. 4035. 7821.49

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. 849

.683

. 73S

. 627

. 519

. 550

. 406

.744

. 795

. 765

. 803

. 621

.70! ;

: ! ! •

.,vJ

. so: !

.721

31 j

i91 .6 !06.5 i

lo i . 1 IJ-21.:. I07. 0 !

107.9 !101. 1 i

.707 !1.48 I

25. IS31.4224.8121.3426. 5035. 3137. 0522. 10

30.1632. 5929. 2834. 9420. 5324. 1726. 40

19.9018. 9728. 7326.1427. 9831 6417.(5417.1518. 9517.79

.741

. 667

.728

. 850

.701

. 736

. 639

.517

. 548

. 493

.745

.801

. 705

.810

.fill

. 703

. 762

. ( ) ( > b

. 550

. 713

. S-)7955

.613

. Mlti

. 720

. 077

. 072

.05)1

. ."5 1

. 53 1

. 7s«)

. fi.'.O

. 779

. 060

. 512

.-ISO

. 55S

. 402

r 90. 497. 7

101.3

00. 1111. s107..^

707.4b

37.18 '__.• 723 .719

r Revised.§Construction wage rates as of October 1,1940; common labor, $0,711; skilled labor, $1.48.

Page 32: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

30 SURVEY OF CURRENT BUSINESS November 1940

Monthly statistics through December 1939, to- j 1940gether with explanatory notes and references j—™to the sources of the data, may be found in the Sep-1940 Supplement to the Survey tembcr

1989

Sep-tember October ! Xovem-!

i b e r iPecem- |

ber |Janu- | Febru-ary i ary

1940

March i April j May j June j July | August

EMPLOYMENT CONDITIONS AND WAGES—Continued

WAGES-Continued

Miscellaneous wage data—Continued.Road-building wages, common labor:

United States, average dol. per hour.East North Central do....East South Central do. . .Middle Atlantic do . . .Mountain do_..New England do . . .Pacific do . . .South Atlantic do.. .West North Central . . . . do__.West South Central . do . . .

0.47.01.34. 53

. m

.08

.33

.48

.38

ALL PUBLIC ASSISTANCETotal, exclusive of cost of administration, ma-

terial, etc rail, of dol..Obligations incurred for:§

Special types of public assistance do.Old-age assistance* do j

General relief do !Subsistence payments certified by the Farm

Security Administration mil. of dol..Earnings of persons employed under Fed- I

eral work programs: jCivilian Conservation Corps._.mil. of dol._|... _ . .National Youth Administration: [

Student aid doWork projects do

Work Projects Administration! doOther Federal work and construction

projects mil, of doL

0.43 I.60 !.30 |. 5 3 I.58 i. 4 5 !.64 |.30 j.46 j

258

483739

;.59 I.31 |.51 i.57 !.48 !.64 |.30 !

|

19

4 |102 j

0.44 |

!32 I.53 !

.66 j

.32 |

.46 j

.38 i

I

m \48 j37 i38 '

35

106

0.42 j.63 |.35 |. 56 j. 56 I. 4 8 :

. 6 6 i

. 3 2 i

.44 !

.38 |

274 |

49 !37 |39 -

18

3

0.41. 59.31

0. 43

!33

0.4!

.'.',1

0 42 0. 1"..• it

0.46 !.63 i.33

.32

.52

.39 i

513943

19

3

110

37

. 50

274

51

11 5

35

. 53

. 7"

. 32 i

. 45

. 39 'I

281 |

51 !3 9 I40 j

3 |

17 ;

3 j0 i

121 ;

35

280 !

3938

30

120

35

2

i

18 !

1 1 4 I

4 4 i

.49

.68 I

. 3 3 i

.46

.39

256

524032

6••100

0.47.61. 3 ">. 53

. 49

. 4 7

. 38

534033

18

0

97

' 47

FINANCE

BANKINGAcceptances and com'l paper outstanding:

Bankers' acceptances, total mil. of dol . .Held by Federal Reserve banks doHeld by accepting banks, total do

Own'bills doBills bought do

Held by others doCommercial paper outstanding do

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

Total, excl. joint stock land bks.t-.mil. of doL_Farm mortgage loans, total do

Federal land banks doLand Bank Commissioner do

Loans to cooperatives, total doBanks for cooperatives incl. central

bank mil. of doL.Agri. Mktg. Act revolving fund do

Short term credit, totalf doFederal intermediate credit banks, loans

to and discounts for:Regional agricultural credit corps.,

prod, credit ass'ns, and banks for co-operativcsd1 mil- of dol . .

Other financing institutions doProduction credit associations doRegional agr. credit corporations doEmergency crop loansf doDrought relief loans do

Joint stock land banks, in liquidation...doBank debits, total (141 cities) do

New York City doOutside New York City do

Federal Reserve banks, condition, end of mo.:Assets, total mil. of dol.__

Reserve bank credit outstanding, totalmil. of dol._

Bills bought doBills discounted doUnited States securities do

Reserves, total doGold certificates do

Liabilities, total doDeposits, total do

Member bank reserve balances, totalmil. of dol_-

Excess reserves (estimated) doFederal Reserve notes in circulation..do

Reserve ratio percent..Federal Reserve reporting member banks,

condition, Wednesday nearest end of month:Deposits:

Demand, adjusted mil. of dol . .Demand, except interbank:

Individuals, partnerships, and corpora-tions in i 1. o f d ol. _

Slates and political subdivisions doUnited States Government do

20, 7411,463

508

216(6)

1771156239

209

3,1102,6261,923

6522

396

18038

1749

54

33, 66415, 13818, 526

18, 602

2, 8791f>

2, 80415, 01314, 67918,60212, 953

11.6555, 3524,720

85. 0

18, 333

17, 9881,334

528

)1791116742

205

3, 0862,6161,916

699 j93

17034

1638

1195373

32.71113, 68319. 029

18, 779

2, 8010ti

2,73615, 17814, 83818, 77912.988

11,9735, 5534,773

85. 5

18, 556

18, 2731, 460

525

0 !172 !103 j69 |

214 j

3,0682'. 6051,910

69595

21367

16533

1175370

31.67613. (Ml18, 636

18, 710

2, 6500S

2 5 V15| 29514/17618, 74012,865

11,6285. 1601, 86286. 3

2330 !

17510570

210

3.0582, 5961,905

69199

21361

33 i154 I

s116

53or.

10,01917, 63322, 3X6

19,027

2, 5930

2.48415.52115,20919. 02712,941

11, 6535, 2094, 959

!

229 j0 i

170 i1 1 1 i68 i50 j

219 1

1

3,0462, 588 !1,900 1

687 |95 !

73 j20 ''

363 !

3,2,3,

2330

1881236545220

04758089768494

7220373

3 1 •154 I

165

I.1,')

| " 263

230 I0 !

184 j121 I

63 !46 I

233 i

3. 0532, 5081, 890

67891

69 i20 !

394 i

124 ,

6?

2230

178118 I

61 !45 I

239

1,886074

6719

412

2140 !

171 I113 i

58 !43

234

3.0582,5531, 8*3

67183

6418

492

191

19"

12U

63 . o j . 01 ,,v ,-,;31.717 2(>, Isj I 34, 7: s ! 34.709 i 3i. 19"I t 7W I 12.13s! H. li'il ' 15. 51'jj 14. 5?r,19,978 | 17,311 | 19,537 i^ 250 "~ ' " '

19,22] j 19, 1U7I

2,503 j 2.5470 1 ' 0

2.477 ! 2,477\ \ 975 ' 1C>! 1S115,561 ' 15, S1319,223 I

% 250 10, 6"9

19. 677 20, 042 20. 5^5

2, ,"_".) 2,51s '

"t I 32. 17")

16, 15110^076 ! 16,42s I !•)' 991 I

.1 1?:^:, 6 , I

19.497 19.677 j 2i), 042 20, 5S513,630 13,81"; j 11,152 14,575

12, 1505, ."594, 832S7. 5

12, 3285 6(t2i! S72 |81.1)

4,93187. 8

18,972 18,566 1 19,199 | 19.414 j 19,175

18.503 I 18,474 j 18,843 i 18,929 I 18,7431,484 1,227 • 1.332 [ 1,432 | 1,351' I 1 1 I !

12 9196, 1494 911hs 0

19, 696

19,2531, 594560

13,2376, 3S55, 0578,5. 4

20, 287

19, 6961. 578' 560

2060

1661125440

224

3, 0602,5491,88066981

6218

429

196402008

13052

31,96013, 1101S, 850

21,408

2, 53102

2. 16618. n2017, 75421, 40815,213

13,7816, 8575. 19988.8

20, 510

20, 1671, 434515

188(J

1521034936

232

3, 0562, 5401, S7560582

6515

434

19942

204S

1295254

31. 84513,61219,233

21, 801

2,484(>4

2, 44S18,57918, 20221,80115, 575

13.4986, 5145, 24889.2

20, 4991. 497

505

. 50

. 0X

.34

.47

. 3s

534033

14s1034434

'215

3, 0502. 5341.87!

0t>3S3

6715

433

20342

203

128

29, 9!8

IS. 314

22, 176

42, 436

18. 95918, 61822, 17615, 867

13,541' 6, 525

5. 370SO. 3

20,984 J 20,901

20,4151,440

509r Revised . v Preliminary. d" To avoid duplication these loans are excluded from the totals.a Less than $500,000. b Less than $500,000, held for foreign correspondents.§Beginning with January 1940 these series include cost of hospitalization and burial; the inclusion of these data lias only a minor effect on the comparability of

the series.^Combined figures for projects operated by W. P. A. and other Federal agencies: data not reported separately since February 1940.tRevised series. A constant, $1,052,450, has been added to all data on emergency crop loans to include 1918-1919 farmers' seed leans, and totals adjusted accordingly.""New series. Data beginning 1933 will be published in a subsequent issue. Other special types of public assistance, included in the total but not shown separately,

are aid to dependent children and aid to the blind.

Page 33: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

November 1940

Monthly statistics through December 1939, to- \

to the sources of the data, may be found in the1940 Supplement to the Survey

BANKING—Continued

Fed. Res. reporting member banks, condition,Wednesday nearest end of month—Con.

PopoMts -Confnued.1 lino, (\ctpi mUrnank, total in1! of do]

Individuals, p^rtnei^hip^, a1 d e<,rj oi i-tions mi' o 1 i!

S t i t i s md political subd. \ - t r* <'uInt<rb ink, domestic d >

I i m st nu nts total . doL S d o \ t d i u c t obluniion>, tot 1 ». >

Hills (l)"Bonds . do\ 0 t ( S 1O

Obl'^tmns fuJl\ guitcntud In [ ^f ro\( r nmen t <i .1 * r t 'oi

Othoi securities noLoins, tot )1 do

Commercial, industrial, and 14« n uhur.llo ms mil i i did

()\x n i7i irkot pa pi r «(orl obrok"t-<ii id (U >h rs m M t u rnu - d»Otlu r lo ms lor purch A n dr i i i < wu ^ * u

Ilt l(s I. '1 O( d(>l\U lit st i to lo"n° ('To i l ' s to h . i 'kb <'Otln r lo ins <; t

Inst lmopt lo m' to r OTISM^M rs -1U i n d u s l n )1 banki] >" jmpinw

Lo ms in ido <(*K i p i v r n e n t s do\7ii >unJ outst indiM!-, P'ld of ' i <;?i h It)

Monev and interest riteBank rate" to nistomcio

In NGW Vork Citv percentIn 7 other northern and eastern cities

percentIn 11 southern and western cities do

Bond yields (Moody's):Aaa _. . . doBaa do

Discount rate (N. Y. F. R. Bank) do..._Federal land bank loans . do _Federal intermediate credit bank loans.doOpen market rates, N. Y. C :

Prevailing rate:Acceptances, prime, bankers, 90 days

percent-.Com'l paper, prime, 4-6 months.,.doTime loans, 90 days (N. Y. S. E.)-do

Average rate:Call loans, renewal (N. Y. S. E.)...doU. S. Treasury bills, 91 days do

Average yield, U. S. Treasury notes, 3-5years percent

Savings deposits:Savings banks in New York State:

Amount due depositors.- mil. of dolU. S. Postal Savings:

Balance to credit of depositors doBalance on deposit in banks do

COMMERCIAL FAILURES!

Grand total . numberCommercial service, total. ._ doConstruction, total doManufacturing total do

Chemicals and drugs ... _ _ do .Foods doForest products . do . _Fuels doIron and steel . . . . __ . . .do .Leather and leather products doMachinery doPaper, printing, and publishing doStone, clay, glass, and products.. do _.Textiles . . . . . . ._ doTransportation equipment doMiscellaneous do

Retail trade, total . . doWholesale trade, total do

Liabilities, grand total thous. of dol._Commercial service, total . doConstruction, total . . . _doManufacturing, total do

Chemicals and drugs doFoods doForest products. . doFuels.. _ . . . _ doIron and steel doLeather and leather products do . . .Machinery . . . . _ . ._ do _Paper, printing, and publishing do .Stone, clay, glass, and products doTextiles . . . doTransportation equipment... . . . do.. .Miscellaneous do

Retail trade total doWholesale trade, total do

SURVEY OF

HMO

, 1

3, >70

">, I s 7170

x :ur. v.iU JsO

()JSf. " lo2 1 2

1 , s_:\ t - *

s 7s >

i ( h)

4t>'»1 J J>

l i

iy 11

l ) 503 43

2 824. 001.004.001. 50

' ; (i

1 ' t

1.00

. or.

. 4s

5. r>")7

1, 29542

970• 4 1 J5S

1K7X

3021

f>7

s7

20:i

407

21571ios

11. 30754 I803

4, 770195311Stili

1,29.".

4972

i Hi391)102097200397

3 521], M0

Sep-tember

CURRENT BUSINESS

1 9 3 9

October II

Novem-1ber !

Decem-ber

Janu-ary

FIN AN CE—Continued

5, 2H

5 0182 )7

7 (i')711 0»J

S H74 ) 9

" s^j2 1 ,7

? 2\2; ii#o

S vu4, 229

5 \ i

"101. Wi

1 ".47

57 i2-() 1

2 04

2.783 31

3.255.001.004.001.50

Me

1H

1.00.14

1 07

5, 557

1, 26755

1,0434851

1879

4420

447

1116

737

424

652105

10, 545522945

3, 466138fill442816

2846

21699

105435

95435

4, 4431,169

5. 2'U

5, 0631M

7, 9511 \, 207S.bSl

t)!>75, N"W2, 159

2, 2323, 2918. 521

4,310317603

5121,184

361, 559

40.739. 9

251. 1

3. 154.881.004.001. 50

Ms1 %-Hm1

1 1.00.05

5, 552

1 1,27154

', 1,234! 43! 55i 235! 141 461 18I 3! 10

! 12; 28! 9

44i 4! 35

772i 129! 17,464! 790i 1,129! 6,959i 1351 1.500i 1,411: 111

274327

; 1,455484172579

i 134; 3771 5,378: 3,208

5, 214

5.0131X1

7.X5»11 i, 50,;S. 713

7115. M 22, lhO

2, 4083, 3828, 656

4, 381312660

4991,189

361. 579

39. 338. 3

252. 1

3.004. 851.004.001.50

Me

m1.00

05

.64

5, 547

1,27554

1,1844950

263J ]641649

139

291053

441

697125

13,201587765

4, 606132

1,28616872

32196

220185227565129

1,2055,1562,087

5. 2S8

5, 072199

8. 19011.4138, 703

0, 3531.755

2,4123,2988,674

4, 353315700

5041, 188

501, 564

47.042. 5

256. 6

1 96

2.593 32

2.944. 921. 004.001. 50

Me

VA

1.00.04

.51

5, 599

1,27953

1,1535759

2399

37166

164

1424

763

340

690108

13,243760

1,0945,129

781,481

16730416226

859310279969168326

4,9401,320-

5, 269

5. 047205

8, 02914,6758,877

6486, 4821, 747

2,4143, 3848, 499

4.295321614

4851,183

541,547

40.940.1

257.4

2.884.861.004. 001.50

Me

m1.00.01

.47

5,616

1,29050

1,2374469

2238

5217

11118

145

564

36789112

15,279614

1,5094,942

762,142

2085

105204

40335

75595157

1,0005,6172,597

Febru-ary

5,302

5, 085201

8, 08514, 7408, 851

6476, 4691, 735

2, 4213, 4688, 528

4, 324332609

4781,185

521, 548

39.938.4

258. 9

2.864.831.004.001.50

MeIK

1.00.02

.46

5, 632

1,29748

1,0424866

204

561746

1311196

381

26622102

13,472575

1,6554,939

2901,167

427249

30247548856112453214346

4,4401,863

March

5, 373

5,165188

8.42414, 6668,848

5096, 5181,821

2, 3803, 4388, 649

4,414337625

4761, 185

511,561

46.441.7

263. 6

2 03

2.673 35

2.844.801.004.001.50

n-nVA

1.00.02

.42

5, 676

1,30145

1,1975563

216124928

41188

197

366

28740123

11,681752668

4,33634291165910747724254

26793

620190374

4,5851,340

1940

April M a y

5, 323

5, 121183

8, 46014,881

5,333

5, 120191

8, 43115, 049

8, 960 9, 081593

6, 4961,871

6276,5281, 926

2, 427 2, 3993, 4948,661

4,409326626

3, 5698, 475

4,367322478

474 ! 4811, 187 i 1, 189

52 461,587 ! 1,592

47. 8 48. 243. 1 42. 6

268. 3 273. 9

!

2.824.74

2.934.94

1.00 ! 1.00<• 4. 00 4. 00

1.50 1.50

Me Me

1U VA

1.00 1 1.00.02 1 .06

.45 ! .65

5,660 ; 5,644

1,303 1, 29944 i 43

1,2917278

1,2384670

261 2636 16

7022101467

31

5131

510131427

12 552 52

4 327 1 36

766 739114 I 120

! 16, 247 13,068911 i 570

! 1,547 1,201; 6,925 i 4.588i 33 122i 1,718 8321 535 739

426 i 1941 307 432

175 ,: 19492 ; 214

i 1,318 ! 278639 i 76

! 587 820251844

87600

, 5,198 5.063i 1.666 1 1,646

June

5, 352

5,146183

8, 57715, 1249, 202

7576,3822, 063

2, 4053, 5178,462

4, 438301380

4711,199

401,633

47.042. 6

278. 3

2 00

2 493 38

2.965.111.004.001.50

Me

m1.00. 10

.76

5, 670

1,29343

1,1144861

2268

4826

698

1320

457

5

666113

13,7341,100

9845, 039

901,088

50843415824631222693

1,018572294

1,383

Ju ly

5, 341

5,144175

8, 23915,461

9, 457791

6. 5072, 099

2.4183, 5808, 517

4, 441291419

4741,210

401, 042

45. 341.2

279. 4

2. 884. 801. 001.001. 50

Mn1 > ~'s

J] I

1.00. 05

5,631

1, 29743

1, 1755005

2161640

915

414123

547,

197281 1 ( >

16,213594M7

7, 117253h S h

';s72 5'M

2t,6h j

'MX

1M

1, r,;,1M)

5, M>71. 75S

31

August

5, 380

5,174182

8, 50515,6229, 301

705' 6, 573

2, 095

r 2, 5843, 6058, 500

4, 480294390

4031,219

481,072

42. 642. 0

280. 0

2.854. 761.004.001.50

' 1 5

l] ' i

1.00. 0 4

. 5 8

5, 629

1, 29741

1,1284949

209103424

589

1423

447

427

719102

12, 997562

1, 2724, 459

37843774272133197325284101

1,10640

2874, 9831,721

r Revised.tKevised series. Commercial failures compiled on a new basis beginning 1939; for an explanation of the change in the compilations and revised data for all months of

1939, see p. 31 of the March 1940 Survey.*New series. For data beginning 1929, see table 35, p. 18, of the September 1940 SI*RVKY.

Page 34: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

32 SURVEY OF CURRENT BUSINESS November 1940

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

1939 1940N o v e m - Decem- |

ber ber |Janu-

aryFebru-

ary- March i April j May June July I August

FINANCE—Continued

LIFE INSURANCE

(Association of Life Insurance Presidents)

Assets, admitted, totalX mil. of dol.. j -Mortgage loans, total do I

Farm. do {Other . do |

Real estate holdings do |Policy loans and premium notes- .do : . -Bonds and stocks held (book value), total !

mil. of doL.j -.-Government (domestic and foreign): j

Total "_ l__do !

U. S. Government do ! -Public u t i l i ty . . . . - do ;.....Railroad do 'Other do : . . . .

Cash do..._;_..._Other admitted assets do !_...

Insurance written: ®Policies and certificates, total number

thousands..Group . do 1Industrial . do jOrdinary . do.

Value, total thous. of doL. I 550, 412Group do i 40. 720Industrial . do | 127,974Ordinary do j 3sl, 748

Premium collections, total® -- do j 248,824Annuities do j 25. 938Group do | 12. 303Industrial .do fio. 409Ordinary do 150,174

(Life Insurance Sales Research Bureau)

Insurance written, ordinary, total-thous. of dol..New England--. ._ . . . . doMiddle Atlantic . doEast North Central doWest North Central doSouth Atlantic doEast South Central _ .-doWest South Central doMountain doPacific do

Lapse rates . 1925-26 = 100..

MONETARY STATISTICS i

Foreign exchange rates: \Argentina dol. per paper peso..jBelgium ... dol. per helga... iBrazil, official dol. per milreis .!British India dol. per rupee.. JCanada dol. per Canadian dol.JChile dol. per peso_ _!Colombia do !France dol. per franc.jGermany dol. per reichsmark.JItaly dol. per lira_. jJapan . dol. per yen_.iMexico dol. per peso..INetherlands dol. per guilder.. |Sweden dol, per krona__|United Kingdom . . . . . . dol. per £ I

Gold: " iMonetary stock, U. S mil. of dol.. jMovement, foreign: i

Net release from earmark^ thous. of dol.. jExports do |Imports do j

Production, estimated world total, outsideU. S. S. R thous. of dol..

Reported monthly, total do |Africa do jCanada d o . . . . IUnited States do

Receipts at mint, domestic (unrefined)fine ounces-,]

Currency in circulation, total mil. of doL.jSilver: |

Exports thous. of dol -. jImports do !Price at New York dol. per fine oz._!Production, world thous. of fine oz.. '

Canada § do jMexico do ;

United States . . . . do jStocks, refinery, end of month: '.

United States . do

. 298

.om

. 302

. 855

. 052

. 39V*

.050

. 234

. 199

. 2384. 034

21,244

36, (52813

334,113

341, 1028,151

1394, 650

.348

23, 0084,472

6623,8101, 7512, 557

23,7114, 486

6623, 8241,7532,547

13,553 13,687

6,1104, 3773, 2592, 6971,487

837438

64224

417200

509,89759, 401115,935334,501234,41818, 24811,32059. 970144,880

442,59733, 493118,74395, 35145,61143, 59519,74136. 56712,75636, 740

0). 170.061. 299.913. 052.571

6.0974, 3593, 4012, 6971, 492

800438

79051

484255

637, 67575, 929

135, 769425, 977238, 49220,87910,78157, 055

149,777

543,99143,136152.548122,88854, 33952, 59819,41340,08814. 74344, 238

.023

. 399

.051

. 235

.190

.532

.2383. 995

16, 932

2, 83615

326, 089

106,99090, 05743, 39614.784 |19, 728

362, 8667,293

1,2924,639. 370

23,6342. 6796, 85/

023.401. 050.235.202.531.238

4.011

17,091

79,51615

69, 740

107, 24490,99944, 10515,15821, 785

421, 7967,342

1,7737, 268.357

24, 4262,9137,931

23,8154, 499

6623. 8371, 7542, 534

13,714

6,1814.4413, 3822, 6841, 467

823491

72441

455228

587, 49844, 027

128, 121415,350247, 39723,41210, 85452, 800

160, 331

951938742522246003133588043736

23,917 • 2 4 . 0 1 2 ' 2 4 , 1 3 0 ! 24,240 24.339 24.4204,528 4. "33 4,513 . 4 .5^2 4,555 j 4,573

660 05s f;,-',) 0i;! : OtH j 6623,868 : 3. >7" 3. s s j i 3. M)l ' 3, s0 4 ! 3,9111,720 1,722 , 1.720 ', 1,711 • 1, 71S 1,7162,520 2,507 [ 2,4'ji) [ 2, 4M ' 2.472 2,457

13,906 I 13.928 ' 13.9V5 I 14.035 14,218 I 14,325

6,3534.6113.428 !2.642 i1,483 ;

763 !480 i

72859

443

646, 550105, 030124, 662416. 85S355, 98350, 0*213, 270

100, 662185, 9H9

212378888840043672223996317

6,37d4.*'>233. 4492,0441.-Kin

S9!)402

65932

4U0226

653.156134,507113. in40 \ 538286, y3442, 1S515, 84863, 512

5, 145 ! 4,874

5,461 ; 3,589

.022

. 401

. 050

.234

.205

.531

.2383. 925

17, 358

90, 87310

167, 991

103,67587, 52544, 20814, 87517,512

274, 8437,483

487 '4, 183.348

22, 1931, 8986, 5395,113

4,638 i 3,533

6. 373 | 6, 396 ; 6, 529

. 298

. 166

. 061

. 300

. 876

. 052

. 570

.022

.401

. 050

.234

. 182

.531

.2383. 930

17.644i

-200,811 |11 i

451. 1S3 j

101. 43S •s5. 102 '4 I, 162 i15,209 |15,936 i

7,598 !

3, 795.3*0

22,4911,0206.2105, 716

4,507 !3, 104

921464

232, f-3H;, 120

123,398,263,

451i.">4910

4, i,24 i3.4M !2, 6."0 '1.499 |

475 j

2:;'" I1.517 I

900 !470 j

624,39,

135.419,

! 141.1 489.

I53.5321,12,

i 14.4

872110172728070O.")4969(ViaiO

335

24,9' 1239543113

174,43,

1 *)8,132,54,57,20.42.15,47,

453976

293

.298

. 108

.001 I

.301

; | |

. 022

.401

. 050

. 234

. 167

.532

.2383. 964

17,931

40.03}

230, 113

!

. <»">2 i

. It 7 !M l I

177 I

. 208

. 170

. 001

.302s2'» !

. 107

' 238

417Is

St.")

. 061

. 3 n 2

.842052

. 570

. l>20

. 4 0 1

. "50

.234

'.di. 237

571,42,

'-3'),I 3,!

S \ 79 i45. ."',2

In, 972

7, 370

5. 7<<r>

3 is23. !."2

s! 12S4.s~2

2, 409

M .4'.11.13,

170.

MOO.'•- 90,1 46.

14.10,

2, 2U5

1. 123'.511

f."7i. 721. 3!s.'. 501

, 7\\

,447

sr.O32571305240S

.0'^,

'J 106.' P s.9,! P47.

15,i 16,

24, 494 24, 6234,591 | 4,60s

663 j 0633, 928 ! 3, 9451,714 | 1,7142,463 I 2.453

6 5174, 7J)3, W2 717

14, 347

6 "3204 7213 5452.708 |1,571

427

14, 527

00") jSO 7 j424 \

21,7194,621

W>33, 95*1. 7162,445

14, 024

6. 7384. 9293. 5792. 6941>>13

888425

79330 I 42

472 i 494203 ! 25d770 ! 020,357

S099215674307505S.3

597.4b,

12s,420.256.25,11,

71435

446233

916 I

09733

42s235

00 "\ .yy>43,520

232 ! 124. 192272 i 437.614093 I 2t".7, 714473 j 35,043594 j 12..sl2112 j 55.517429 • 1H4.312

41, 727146, 013123, 27054. 200nS, 09424, 71144, 59514/95644, 830

91

. 298

\ 061. 301. 801.052. 572

'. 020. 400. OoO. 234. 184

\ 2385. 602

5i if), 00140, 743

151, 40\»129. 2S45s. 09757.0 3322.21845. 34914, s'li40, i,io

. 298

.061

.301

. 809

. 052

. 571

. 400

. 050

. 2:-". i

.2383. 805

19.

-437.1.

l.-Oi

963

234, 249

5S0

6M.St\S500

T Y\15.14,

233,901 1 231,4 S6818

fis.l32

426225

579. 2s353, 757

123,111402.415240,25422, S.>112. 33955, }.-)!

155.610

528, 33039.1 32133,296119,57254,87752. 75120,8s242, 67415.994i\ o;>2

. 298(3)

. 061

.301

. S69052

. 570(•'')

. 400

. 050

. 234

. 200

. 23S3. 979

j 20,913

, 60,970

1109. 791 1 107. 51s' '93, OlS > 90. 6 WT 47.071 v 17. slO1 15, 0s2 P 15.<N2

Is. S00 10.052

30s. .',30 307, 7sO

1703 IS7v"7701 10120

4, 5

1, 385

1775s9319169997610

870

;, 673. 3185, 423

;, 006

I 3735,421

1"5. 37s

3, 997

lst»1. 107.318

I, HO

1 , <JOG

Preliminary.r Revised.1 Quotations not available August 26-October 16.2 Average for May 1-9.3 No quotation.< Average for June 1-15.J37 companies having 82 percent of total assets of all United States legal reserve companies.<§)40 companies having 82 percent of total life insurance outstanding in all United States legal reserve companies.1Or increase in earmarked gold (—).§Data reported by the Canadian government have been substituted beginning 1940 for data previously reported directly by producers to the American Bureau of Metal

Statistics, as the latter data have been temporarily discontinued. Annual totals from the two sources have been in fairly close agreement but the monthly movement in thepast has been quite different.

Page 35: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

November 1940 SURVEY OF CURRENT BUSINESS 33

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

1940

Sep-tember

1939 1940

tember O c t o b e rNovem-

berDecem-

berJanu-

aryFebru-

ary March April May June July August

FINANCE—Continued

CORPORATION PROFITS(Quarterly) I

Federal Reserve Bank of New York:Industrial corporations, total (168 cos.)t

mil. of dol._ -_-__--..Autos, parts, and accessories (28 cos.)-do i__Chemicals (13 cos.).- ..___. doFood and beverages (19 cos.).. do__.Machinery and machine manufacturing

(17 cos.)-.---.-- - mil. of doL.Metals and mining (12 cos.) do.-..Petroleum (13 cos.)._--_._.__._..-.-.doSteel (11 cos.) _.____.do....Miscellaneous (55 cos.)t . do

Public utilities, except steam railways andtelephone companies (net income) (52 cos.)

mil. of doL.Federal Communications Commission:

Telephones (net op. income) (91 cos.)..do....Interstate Commerce Commission:

Railways, class I (net income) do. . . .Standard Statistics Co., Inc. (earnings):

Combined index, unadjusted* 1926=100..Industrials (119 cos.) .doRailroads (class ! ) • _ . . . .___ do.Utilities (13 cos.) . . _ . d o . . . . j . . . . . . . . .

PUBLIC FINANCE (FEDERAL) !

Debt, gross, end of mo mil. of dol.J 44,073Public issues: !

Interest bearing.. . . . do i 38,417Noninterest bearing . do I 593

Special issues to government agencies and |trust funds . . .mil. of dol..! 5, 063

Obligations fully guaranteed by U. S. Gov't: |Total amount outstandingcf mil. of dol.. 5, 809

By agencies:cfFederal Farm Mortgage Corp do | 1.269Home Owners' Loan Corporation.,.do j 2,623Reconstruction Finance Corp._..-_do._ .-j 1,097

Expenditures, total, including recovery andrelieft __„_________.thous. of dol.. | 760.286

General (including recovery and relief).do.__.i 757, 536Revolving funds, net do_.__ —8,954Transfers to trust accounts!--.. . - . d o . . . . 10,000Debt retirements . . . . . .do I 1, 704

Receipts, total . . . do 711,124Receipts, net* __-,. . .do. . 710,584

Customs . . . . . . . . . . . . . . . d o . . . . I 22,627Internal revenue, total ..do i 672,540

Income taxes! . . _ . . . . . . . . . do j 431,669Social security taxes, do._.J 29, 437

Taxes from: * jAdmissions to theaters, etc . . . . do j 5, 852Capital stock transfers, e tc . . . . do-_._ 596

••Governmental corporations and credit agencies:Assets, except interagency, total .mil . of doL.

Loans and preferred stock, total doLoans to financial institutions (incl. pre-

ferred stock) _ . . .mil . of dol..Loans to railroads. . . . . . . . . . .doHome and housing mortgage loans..doFar in mortgage and other agricultural

loans . . .mil. of dol..All other _._.__. d o . , . .

U. S. obligations, direct and fully guaran-teed _ _ _..mil. of dol..

Business property . . d o . . . .Property held for sale._._._ d o . . . .All other assets . d o . . . .

Liabilities, other than interagency, total.do....Bonds, notes, and debentures:

Guaranteed by the U. S ____ d o . . . .Other d o . . . .

Other liabilities including reserves..__do....Privately owned interests _. . . . ._do. . ._Proprietary interests of the U. S. Govern-

ment . . mil. of dol..Reconstruction Finance Corporation, loans out- I

standing, end of month: SGrand total§.. thous. of dol.. 1,621,602

Section 5 as amended, total do 715,778Banks and trust companies, including

receivers thous. of dol.. j 83, 898Building and loan associations. _.__do ! 4, 597Insurance companies . . . do ! 2,176Mortgage loan companies do | 151.456Railroads, including receivers do ! 470.039All other under Section 5__ do 3,612

Emergency Relief and Construction Act,as amended:

Self-liquidating projects (including financ- iing repairs) thous. of dol..

Financing of exports of agricultural sur- jpluses . . . . . thous. of dol.J

Financing of agricultural commodities !and livestock thous. of dol. _'Revised. P Preliminary.

t l b t t h

21, 262

47

520

* Deficit.

142.014.432.5

7.03.3

11.922.128.6

46.8

57.7

63.534.2

116.7

296.291.7

23.2

10.76.2 |

16.357.7

17.1 i.

9.04.5

. . . . 44.7

54.4

61.8

126.1

15.9 | .35.1 I.35.0 .

114.5118.874.2

135. 9

62.5

<*12.8

92.6102.5<*7.7147.2

40,861 I 41,040 | 41,310 | 41,961 | 42,128

36,282 I 36,421 j 36,517 ! 37,234 j 37,364516 | 510 499 496 509

4,063 i 4,109

5,455

1,2792,830

820

750, 302728, 837

5,2647,1509,051

718, 790075, 790

35, 595667,156329, 042

26, 740

1,8521,210

11,9678,923

4, 295

5,448 5,707

1, 279 1, 2692,823 ! 2,817

820 i 1,096

721, 458701, 8938, 785 j10, 000 I

779 |321,511 i278,51132,418 I271,58337, 65235, 556

1,7282,806

12, 1058, 956

1, 272 1, 273492 489

2,347 i 2,363

3,7441,068

879535695934

7,768

5,3561,3571,054

393

3,806

3,7381, 093

879542689

1,0397,845

5,4491,3571,039395

3,866

'1,636,906 1,640,936677,916 679,064

101,1873,4872,652

127, 647438, 8354,109

102,1263,4332,615

130,167436, 6504,073

648, 006632, 5735, 066

10, 000367

406, 967363, 96729, 049

354, 92934, 142129, 706

2,1181,275

12,0638,936

1, 247497

2,358

3,7211,112

874543678

1,0338,064

5,7081, 3521, 004397

3,602

4,231

5, 703

1, 2692.8131,096

841, 329822, 858

- 5 4 310,0009,013

569,136521,13627,814

517,924 ,319,143

29, 225

1, 9751, 012

12, 062

42,375 ; 42,559j

37,493 j 37,531

526 I 557

4,256 4,356 | 4,471

5,699 I 5,673 ] 5,6631, 2692,8091,096

712, 994713, 225

3,979-5 ,000

790314, 549314, 549

35, 788257, 969

45, 33845, 263

1, 4871,087

42,6

37,625541

4, 496

5,656

1,269 ! 1,269 j 1,2692,783 2,770 j 2,7631,096 j 1,096 ! 1,096

668,376 !654, 170 I3,81210,000 i

394 |443,830 |443,83025,651

394,688 I62,663 I177,756 j

1,853 j1,043 j

, 12, 068,951 \ 8,920

12,064 | 12,078 i

1,260 !500 i

2,365 |

3,726 !i, ioo !

I888549661

1,0138,048

5,7041,348

995397

1,232504

2,376

3,7091,100 I

900553652

1, 0388,059

5, 7001.3401, 019398

3,617 3,607

1,615,596 1,609,856 ! 1,596,231689,603 ! 697,205 | 703,038100,773 j 100,007 I 96,477

3,375 ! 3,342 3,5062,571 I 2,506 I 2,478

134,432 138,595 ! 142,464444, 314 448, 792 j 454,1944,138 3,963 3,919

41,586 42,679

19,871 | 19,371

752 I 751

42,664

63

751

1,196509

2,365

3,7001,118

895552644

1,100 |8,053 i

5,675 I1,321 I1,057 I400 !

871, 554815, 9635,633

049, 958

934, 208799,39128, 702

886, 370665, 48730,481 !

2,391 !784 j

12,116 i8,914

1,180 !517 I

2,377 I

3,699 |1,140 |

792, 288756, 9755,988

20, 0009,325

304, 203304, 20326, 479

261,77247, 62139,194

2,001948

42,810

37,671555

4,585

5,535

1,2692,6411,096

648, 814642, 330

9753,5002,010

399, 598399,598

26, 251356, 50840,197

137, 299

1,7911,593

12,176 12,0858,930 ! 8,922

1,198521

2,347

1,170515

2, 355

32.921.0

9.03.9

12.138.136.7

52.1

61.9

1.6

'88 .0' 9 5 . 1

' . 0 |••141.0 I

895555629

1,1238, 052

5,6641,3231,065

401

!

3,1,

1,8,

705160

891558610187053

!3,7001,183

893559608

1,1037,912

5,6571,32'"1,069

403

" I

4,025 ! 3,663 | 3,719

5,5351,3371,039

404

3,770

1,620,764 1,625,200 j 1,620,643 11,614,836706, 458

94, 8723,6472,457

142, 876458, 841

3,765

715,979

93,1283,4802,433

145, 436467, 887

3,615

I

718, 030

90, 6133,6372,389

146, 243471,747

3,401

38,258 | 38,232 j 38,230

105 | 47 | 47

751 I 751 i 747

37,870 I 38,540

47 j 47

747 ! 675

712, 328

4,1382,354

146, 846466, 093

3,889

42, 971

37, 605591

4, 775

5, 528

1,2692, 6341,096

933, 880883,092

3,4250

47, 363784, 218648,32328,101

694,932463, 786

31, 749

1,6461,833

12,0218,470

1,212524

2,323

3,2241,187

879562

1,0671,0437,977

5,5291,3431,105

405

3,639

1,635,255720,085

87, 7614,3472,331

145, 951475, 856

3,839

r 43,774

r 38, 337

4,

5,

1,

h

830,699,5,

313^12,

r 367,331,25,

326,4939

1

128

1

584

853

526

269631096

599794072520212064221225141655098

650821

092513

9A9

5522, 312

3,2331, 185

871567 I

1,067 i1,075 :7,842 I

5,526 I1,351 !

964 I406 I

3.844 !

43, 905

38, 3835S9

4, 934

-5,811

1, 2692, 6261, 096

708, 382693, 620

-13,00925,195

2, 576566, 388447,196

23, 630522, 813

37, 645139,131

4, 407600

12,4108, 023

1, 189553

2, 336

3, 3491, 107

846569

1, 0611,3128, 400

5,8111, 3541, 234

407

3, 603

1,651,829749.921

86, 3034, 2702. 313

146. 637506, 623

3, 775

1,651,615753, 087

85. 2264, 6252, 188

149.737507. 627

3, 684

40,010 19,915 ;

47 | 47 j

625 ! 525 i

19,784 | 20,509

47 I 47

521 ! 520

• Number of companies varies slightly.d d b t f t i th F d l

'Kevisea. v .Preliminary. <* Deficit. • Number of companies varies slightly. §See note marked with a " § " on p. 34 of this issue.cflncluded in the total but not shown separately are guaranteed debentures of certain other Federal agencies. 11ncludes repayments unallocated, pending advices, at

end of month.tRevised series. Data on total expenditures and transfers to trust accounts revised beginning 1.937 and on income taxes beginning September 1936; see table 50, p. 18 of

this issue.*New series. See table 50, p. 18 of this issue.JA merger during the second quarter of 1940 reduced the number of corporations in the miscellaneous group to 54 and the total to 167.

Page 36: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

34 SURVEY OF CURRENT BUSINESS November 1940

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

FINANCE—Continued

PUBLIC FINANCE (FEDEBAL)—Con. !

R. F. C., loans outstanding, end of month—Con.'Direct loans to business enterprises (includ-

ing participations) thous. of dol.J 133,521Total Bank Conservation Act, as amended !

thous. of dol.-i 564,516Drainage, levee, irrigation, etc do j 83,360Other loans and authorizations! do j 102, 599

CAPITAL FLOTATIONS

Security Registrations! j

(Securities and Exchange Commission)

Total securities effective under the SecuritiesAct of 1933 ..thous. of dol..

Substitute securities * doRegistered for account of others doRegistered for account of issuers, exclusive of

substitute securities thous. of dol..Not proposed for sale doProposed for sale:

Issuing and distributing expense:Compensation to underwriters, agents,

etc ._ thous. of dol..Other ..do

Net proceeds to be used for:Total do

New money.. . . . . . . do |Purchase of: !

Securities for investment.....do jSecurities for affiliation... do jOther assets . do !

Repayment of bonds and notes.do jRepayment of other debt. . . do \Retirement of preferred stock.. do . . . . IOrganization expense do |Miscellaneous do !

Gross amount of securities less securities re- jserved for conversion or substitution, total j

thous. of dol..1Type of security: j

Secured bonds . _ ...do |Unsecured bonds do |Preferred stock . doCommon stock . .. . .doCertificates of participation, etc ..do

Type of registrant:Extractive industries ._._ doManufacturing industries doFinancial and investment doTransportation and communications, doElectric light, power, heat, gas and water

thous. of dol..Other--... do

130,58115. 4055,821

109, 32414, 162

3, 248657

91, 25745, 432

4, 3631520

37, 3422, 6941,123(a)132

115,167

39, 54122, 59816, 01619, 37517, 500

12, 75038,15S6,815

0

50, 3867, 058

Securities Issued j

(Commercial and Financial Chronicle) \

Securities issued, by type of security, total (new !capital and refunding) _______ thous, of dol. . j 225,439

New capital, total do | 110,687Domestic, total d o . . . . 110,687

Corporate, total. ____ do ! 68,006Bonds and notes: j

Long term ________do___ 63,728Short term do 0

Preferred stocks . do 2,720Common stocks do 1, 558

Farm loan and other Government agenciesthous. of doL. j 0

Municipal, State, etc do i 42,680Foreign, total „_... . . .do j 0

Corporate..- ._____.__ -_.-do__._i 0Government . _._____do~__l! 0United States possessions do____l 0

Refunding, total.___________ do.. . .! 114,752Domestic, total ._.do....j 111,552

Corporate, total. do.___'i 62,465Bonds and notes: I

Long term.-- . . . . . _ .do 60,449Short term do ; 836

Preferred stocks do ! 1,180Common stocks . do 0

Farm loan and other Government !agencies.... . . . thous. of dol..! 26,000

Municipal, State, e tc . . do l 23,087Foreign, total do | 3,200

Corporate ____do i 0Government .do i 0United States possessions do • 3, 200

125,753 126,802 j 130,026

566,534 !83.502 I120,992 :

564,556 '83,482124, 171

35,956 ! 30,817775 i 181

1,448 j 3,578

541,42383, 750127, 316

114,9240

855

33, 7338,917

2, 053125

22, 6383, 574

11,914 |148 !

1, 5864,7896090019

26,888

10, 3801,6001, 936

12,172800

1,5823,485

19,444380

27, 05913, 550

1,247203

12,0596, 492

2,6320

2351,4281,223

434

28, 461

13,444500

2,20011,3171,000

1,5238, 8182,9271,750

0 11,194)97 j 2,250

180,018

41,66941, 66916,019

14,3200

5001,199

9,95015, 700

0000

138, 348138, 34879,195

25, 89553, 300

00

50,8508,303

000

742, 711

338,340338, 34020,297

13,8160

3,2073,274

275, 86642,177

0000

130,625 I 130,377 | 131,919 j 130,704

539,936 '83,998118,978

535, 37683,814101,596

114,069 | 154,8301,916 ! 5,288

166,571 i 146,4828, 100 I 1, 3003,640 \ 1,300

143,88241, 507

4,069653

107, 4304,922

37,5413790

53, 9707,3843,214

15

113,994

46, 81517, 7003,391

33, 44312, 645

09,929

40, 7767,823

54,955511

218,420

88,92088.92021, 640

15,4180

8165,406

067,280

0000

554, 24083, 874105, 249

550, 09183, 966105, 796

130,466 ! 130,566

552,134 ! 548, 66983,723 | 83,74097.028 I 98,851

130,732 I 129,955 12'.). 420

249,933 ! 70,996 I 245,723 j 102,7611,225 6,516 1 8,753 j 3,0221,088 5,752 ! 25,382 ! 2,469

247,620 ! 58,72716,307 j 11,798

404,370 | 129,500402,870 129, 500157, 474 90, 835

157,431 j 88,2770 043 2,5580 | 0

235,093 j10,303 I1,500 I

0 i0 I

1.500 !

25, 85012, 816

0000

3,414 | 4,0271,190 j 702

97, 64517,133

5,5471,454

224,31217,125

2

734

370250

00255809

555

10,

180,5,

83200

555420

10, 249(132

144,9388,480

0200190

126, 2086, 4613,391

8 !

153,367 i 143,542 : 241,143

153, 52246, 50617, 20923, 369

536

2,375122,32012, 28218, 504

85,413250

2,091457

44,381 !11,291 |

10,232 |0 I

1,3848,454 j

640 I12,248

0132

211,58778,522 !

4,6321, 042

127, 39143, 361

3, 94300

53, 5327,81818,316

28393

97, 2700

125, 68110, 9008,7108,076

0

6,16023,517

2241,401

119,176

47, 28931, 27040, 67924, 303

0

32326, 2934, 9992,184

107, 300

,0,474 | 225,510

13, 4770

19, 36619, 4098,223

1,95721, 56716, 7689,210

82410,150

44,21753, 86684,50938, 4244,493

10,81961, 83914,374

705

84,01853, 755

335,061 i 286,809

98,42198,42130, 528

21, 3730

3,5455,611

94,25194,25135,405

19,4830

2,28413,638

450,801 ! 240,633 \ 344, S

067,893

0000

236, 640236, 640195,817

058, 846

192192137

0000

559559460

189,307 ! 101,8980 | 0

4,900 • 35,5621,610 i 0

18,600 ;22,223 I

o !0 i0 j0 !

28,80026, 299

0000

103,959103, 95945,404

32,746 |10,0001,5901,069 i

80057,755

0000

346,842346,842

| 210,842

! 196,370: o

14,472\ 0

1 21,695i 114,305

000

i 0

71,213 I 117,60970,463 | 117,60930,527 j 53,925

15, 9570

3,70010, 870

5,60034,336

75000

750

169, 419169,419103,799

87,0493,000

31,025100

15,2537,547 |

5,500 |58,184

0 I000

227, 287227, 287192, 353

154,1910

13,750 ! 37,5466170 ;

16, 94248, 678

0000

17,350 !17,584 I

0 !000

574, 55883, 596105, 797

82, 5775,694418

76, 46420, 225

570, 77b r>Cl, .".('.1?> •!, 299 ' Si, 22397, 524 lul, 242

200,313 i 123,242457 ! 422

4,140 I 32,246

195,715429

3,126511

93, 6328,252

2, 556o io j

76,621 J6,105

99 !00

99, 739

3,20075, 0005,03914,1192,381

4,86486,1122,7453,768 '

02,250

250,144

1,959 i358 !

4,5231,182

53,923 i 189,5814,293 ! 22,984

9,0302790

38,1558

2,139018

76,882

58,1440

2, 2546,7999,685

755,7269,8354,337

54, 7002,210

226, 457

2,016 I0

200 !161,423 I

997 |1,909 j

i j52 j

90, 57416, 717

3,41G374

18,039537

6019,181

6005

196

j199,591 | 116,780

105,148 I 6,65072.000 24.87811,040 | 16,4659,209 ! 57,9172,194 | 10,870

3,974 i81,396 I

2,186 I0 |

111,676 j

359 i

2855, 20519,407

500

13,31928, 323

122, 111 81, 861122,111 81,86189,287 ! 9,339

79, 68000

9,607

3,00029, 824

0000

128, 033128, 03382,660

6,875910

651,489

2, 25070, 272

0000

144, 596144,59610?, 276

690,209 I 281,469

396,071 | 129,104396,071 | 128,604

44,989 ! 67,938

42,543 ; 52,6120 j 0

1,096 '• 13,4271,350 i 1,899

289,458 I61,624 !

0 !0 io !o ;

o00, 666

50000

500

82, 660000

25,15020, 223

0000

96, 9475,000 !

o !329 |

28,87013,450

0000

294,138 ! 152.365294,138 I 152,365225,623 ; 111,494

223, 116 j 107,0470 ! 0

4, 4212,250 :

4S,400 :20,115 '•

0 :

(i ;0 ;0

27, 52513, 346

(j

000

aLess than $500.tRevised series. Data on security registrations, formerly excluding reorganization and exchange issues, revised to include all registrations under the Securities Act of 1933.

For data beginning 1938, see table 47, p. 15, of this issue.*New series. Comprises voting trust certificates and certificates of deposit. For data beginning 193S, see table 47, p. 15, of this issue..Data revised to exclude a loan to the Rural Electrification Administration advanced in varying amounts during 1936-39, now classified under allocations.

Page 37: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

November 1940 SURVEY OF CURRENT BUSINESS 35

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

1940

August

FINANCE—Continued

CAPITAL FLOTATIONS-Continued

Securities Issued—Continued

(Commercial and Financial Chronicle)

Securities issued bv type of corporate borrower,total thous. of doL.

New capital, total . .do.-. .Industrial doInvestment trusts, trading, and holding ,

companies, etc thous. of dol._Land, build ings, etc doPublic utilities . doRailroads doShipping and miscellaneous do

Refunding, total doIndustrial doInvestment trusts, trading, and holding

companies, etc thous. of dol..Land., buildings, etc doPublic utilities .....doRailroads doShipping and miscellaneous do

Domestic issues for productive uses (Moody's):*Total mil. of dol..

Corporate do.Municipal, State, etc do.

62, 405

0490

I, 300', 900!, 500

(Bond Buyer)

State and municipal issues:Permanent (long term) thous. of dol..Temporary (short term) do

COMMODITY MARKETS

Volume of trading in grain futures:Wheat ..-.mil.ofbu..Corn do

SECURITY MARKETS

Brokers' Balances (N. Y. S. E. memberscarrying margin accounts)

Customers' debit balances (net)_.mil. of dol._Cash on hand and in banks doMoney borrowed . doCustomers' free credit balances do

BondsPrices:

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

Domestic _ .doForeign do

Standard Statistics Co., Inc.:Composite (60 bonds)..-dol. per $100 bond._

Industrials (20bonds).. doPublic utilities (20 bonds) d o .Rails (20 bonds) __do.___

Domestic municipals (15 bonds) doU. S. Treasury bonds do

Sales (Securities and Exchange Commission):Total on all registered exchanges:

Market value. _-thous. of dol..Face value do.___

On New York Stock Exchange:Marketvalue.. doFace value do

Exclusive of stopped sales (N. Y. S. E.),face value, total thous. of doL.

U. S. Government doOther than U. S. Govt., total...do

Domestic doForeign... do

Value, issues listed on N. Y. S. E.:Face value, all issues mil. of dol._

Domestic issues doForeign issues ___do

Market value, all issues. ..doDomestic issues ..doForeign i s s u e s . . . . . do

Yields:Bond Buyer:

Domestic municipals (20 cities) percent..Moody's:

Domestic corporate.. ...doBy ratings:

Aaa doAa . . .do. ." .A . . . . . . . . . . . .do.....Baa . do

By groups:Industrials.. ...doPublic utilities-. _ . doRails . _do._~~

Standard Statistics Co., Inc.:Domestic municipals (15 bonds) do

U. S. Treasury bonds... do

1030340

G9,90S100,152

30002

6352183702f)S

92.0890. 5643.07

82.787.8

100. 659.7

122.3100.8

94, 701148,956

78, 398129, 205

125,9051,597

124, 368109,915

14, 453

53,91349, 400

4,51449,64347, 699

1,944

2.39

3.50

2 823.013.524. 06

3.103.194.23

2.442.18

95, 21416, 0191,099

0130125

13, 0651, 600

79, 195600

0230

23, 965700

53, 700

2013

30, 55464, 931

716187

217520305

88.5092. 4147.29

80.985.098.659.0

107.1101.9

417, 429498.100

384, 237459,821

480, 789227.101253, 688227, 99725,691

52,46647,9174,549

46.43144, 279

2,151

177,77120, 297

6, 057

0111

1, 5059, 2003, 424

157, 4743, 443

6, 250729

147, 05200

4412

55, 06522, 018

504104

200577289

90.7994. 5950.55

82.986.4100.561.6110. 7102.6

162,275229, 653

131,901194, 212

170,08914, 203

155, 886134,81621,070

52, 45247,9224, 531

47, 62145, 3312,290

3.95

3.253.494.055.00

3.573.704.58

3.292.65

3.30 | 2.93

3.83

3.153.353.944.88

112,475 I 226,34521, 640 30, 5287, 658 14, 088

0750

2, 1859, 5251,523

90, 83512,000

01,995

76, 84000

59 |14 ;45 !

88, 854207, 413

417102

914195623272

91.2495.0551.23

83.087.0101.860.2117.510*4.6

135, 515193, 891

105,994159, 374

151, 6855,628

146,057123, 23022,827

52,43547,8694, 566

47, 83945,5002,339

2.72

3.70

3.003.163.784.85

032

5, 5105, 9984, 900

195, 81715, 215

0386

119,20060, 0001,016

562038

103, 87164, 025

1,054170

906207637266

92.3396.0252.23

3.43 3.25 I3.57 I 3.41 !4.51 j 4.44 !

3.082.60

2.692.46 I

2.59

3.69

2.943.143.744.92

3.213.384.47

2. 562.35

172,865 | 256,24635,405 i 45,40413,913 I 5,249

0 I0

18, 184 [

3,277 j137,460 !

0 I00

101,36820. 49415, 598

371225

1, 000450

7,015960

30, 730210, 842115,000

0575

89, 8970

5,370

28919

61, 598160, 277

73194

82.186.8101.658.0119.9106.1

125, 631206,047

98, 662173, 971

176,1004,322

171,778146,19225, 586

54,06749,5124, 554

49,92047, 5412,379

82.487.3101.858.2120.2106.8

134,462208, 518

101,179166,112

144, 9173,760

141,157120, 90320,254

53.98849, 4404, 548

49, 67947,3142,366

2.63

3.63

2.883.083.694.86

3.143.354.39

2.542.30

174,916118,588

64950

886198602262

893195616253

92.02 I 91.9795.70 95.6852.00 51.58

82.287.3

101.657.8

119.1106.6

103, 351153, 589

81, 807127,344

120,3842, 365

118,01999,17618,843

53, 93749, 4004,537

49,60547, 2652,340

2.70

3.60

2.863.053.684.83

3.123.334.37

2.602.32

134, 32730, 5271,201

00

8,4077,75013.169103,79924, 250

0780

32, 26935, 00011, 500

452619

246, 27953, 92522, 598

3500

16, 7678, 1146,096

192, 35350, 943

01, 000

41, 23682, 25216, 923

672245

87,341 66,668134,808 122,245

886

615247

92.8696. 5552.77

82.187.3101.857.2119.7107.5

102, 858163, 222

81, 857135, 832

135, 2393, 285

131, 954110,84921,105

53,85349,3134,540

50,00647.6112,356

2.62

3.3.4.

092937

3.053.244.33

901112

910192626252

92.4896. 5148.86

82.587.5101.758.2119.8107.6

135, 784210, 816

108,459176, 998

165,1164,323

160,793139, 54721, 246

53, 64649, 1084, 538

49, 61247,3952,217

2.59 i

3.

23.34.

58

84046580

3.54

2.822.993.594.74

171, 94789, 2876,094

02S00

19, 40063, 51382. 66078, 200

02, 9601, 500

00

522527

51, 095224, 706

921134

702239459251

87.8792.47

79.485.399^353.5115.3105.6

149,103219, 740

115, 226179, 936

176,1058,250

167,855144, 92422,931

53, 41448, 8794, 535

46,93745,1971,740

3.00

3.65

2.933.083.654.94

3.203.304.46

111,616 ! 270.6129, 339 44, 9892,826 3,

00

3. 7852, 000728

102, 2762,500 !

00

11,01215,20515,000

225, 62393,028

0 I 0427 I 829

94,020 117,4005,000 0329 13,700

367 i29 !

54, 94675, 692

432

70 I

653223376267

90.1494.9339.09

78.584.798.752.0114.6105. 4

90, 317134, 597

74,484114,651

102, 6633,677

98, 98681,05817,928

52, 87948, 3474, 532

47, 66645, 8941,771

2.67

3. 72

2.963.103.705.11

3. 253. 334. 57

2.252.56 2.81 | 2.852.25 ! 2.38 ! 2.39

r 75, 984234,340

405

642213376201

90.9095. 6240.64

81.280. 3

100. 257.1

120.4100. 5

81,388121,857

05, 530102, 228

98,1202, 131

95, 98982, 08013,309

53,43148, 9034, 52848,00240, 7021,840

3. 013. 574.80

2. 542.28

179,43207, 93823,124

090

30, 23214,292

200111,49400, 776

0

23,81125, 3001,530

1005347

75,14777, 354

45181

631215368256

91.3395. 7243. 28

81.586. 8

100. 257. 5121.2105.8

67,05799,101

53,57182, 424

79, 7052, 337

77, 368GO, 5GG10, 802

53,91449,399

4,51549, 23947, 2<sr>

1,954

2. 853. 03

3. 123. 234.30

2.492. 25

'Revised.*New series. For data on domestic issues for productive uses beginning 1921,see table 34, p. 17, of the September 1940 Survey

Page 38: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

36 SURVEY OF CURRENT BUSINESS November 1940

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

1940

Sep-tember

1939

Sep-tember October Novem-

berDecem-

ber

1940

Janu-ary

Febru-ary March April May June July August

FINANCE—Continued

SECURITY MARKETS—Continued

Stocks

Cash dividend payments and rates (Moody's):Total annual payments at current rates (600

companies) mil. of dol..Number of shares, adjusted. millions. -Dividend rate per share (weighted average)

(600 cos.)- . .dollars..Banks (21 cos.) . . ._ ..doIndustrials (492 cos.) ..._ doInsurance (21 cos.) . . do..._Public utilities (30 cos.)------ doRails (36 cos.)- do

Dividend declarations (N. Y. Times):Total thoua.of dol—

Industrials and miscellaneous _ -doRailroads. do

Prices:Average price of all listed shares (N. Y. S. E.)

Deo. 31,1924 = 100..Dow-Jones & Co., Inc. (65stocks)

dol. per share —Industrials (30 stocks)... doPublic utilities (15 stocks) doRails (20 stocks) d o . . . .

New York Times (60 stocks) doIndustrials (25 stocks) . doRailroads (25 stocks) do

Standard Statistics Co., Inc.:Combined index (420stocks)--..1926 = 100

Industrials (350 stocks) ...doCapital goods (107 stocks) doConsumer's goods (194 stocks), .-do

Public utilities (40 stocks). doRails (30stocks)... d o . . . .

Other issues:Banks, N. Y. C. (19 stocks) doFire and marine insurance (18 stocks)

1926=100-Sales (Securities and*Exchange!Commission):

Total on all registered exchanges:Market value thous. of dol —Shares sold....._ .thousands..

On New York Stock Exchange:Market value __thous. of dol..Shares sold . thousands. .

Exclusive of odd lot and stopped sales\N. Y. Times) . . . . . . -thousands- _

Shares listed, N. Y. S. E.:Market value, all listed shares mil. of dol..Number of shares listed . millions. _

Yields:Common stocks (200), Moody's percent-.

Banks (15 stocks) . doIndustrials (125 stocks) doInsurance (10 stocks) do___,Public utilities (25 stocks) d o . . . .Rails (25 stocks) do. ._

Preferred stocks, Standard Statistics Co., Inc.:Industrials, high-grade (20 stocks) percent._

Stockholders ( C o m m o n Stock)

American Tel. & Tel. Co., total number,.> Foreign doPennsylvania Railroad Co., total . . .do

Foreign . doU. S. Steel Corporation, total- . — . do

Foreign doShares held by brokers percent of total..

1,711.42936.43

1.833.011.792.541.961.36

209, 482207, 3542, 128

56.7

44.40131.4622.1828. 4396.27171. 5021. 05

93.7116. 589.681.027.0

51.0

87.4

472, 74120,728

406, 92516,206

11,941

41,4921,453

5.54.75.54.45.85.5

5. 04

631, 3436,451206, 9072,742

164, 5532, 70627. 48

1, 423. 82935.03

1.523.011.422.391.95.90

193, 698191, 3642,334

65.9

50.47150. 7224.3631.97110.38195. 8624.91

92.4109.4138. 198.384.329.7

58.7

87.6

2,205,47692,464

1,969,58275,192

57, 081

47, 4401,431

3.93.93.64.15.4

5.14

639,0197,003

211,0142,807

168,1763,28626.00

1, 442. 45935. 03

1.543.011.452.391.95.90

199, 969192, 9157,053

65.8

51.80152.1525.6434.27110.33194. 8225.84

95.3112.7141.9101.686.032.9

59.9

90.7

1,184,65943, 440

1,044,94835, 029

23, 734

47, 3741,431

4.04.03.74.05.33.0

5.09

1, 573. 05935.03

1.683.011.612.391.951.25

659, 512608, 14951, 362

63.2

51.01149. 9825.6833.38108. 59192. 2824.90

94.2110.9137.2102.087.331.6

58.7

91.9

844,16235, 426

723, 49127, 516

19, 220

45, 5051,432

4.54.24.43.95.34.6

1, 589. 37936.43

1.703.011.632.531.951.25

330, 592311, 99618, 596

64.4

50. 01148. 5425.0031.63109.01194. 2123.82

91.8107.9133.8100.686.729.6

58. 3

94.0

767,15831,446

648, 94223,175

17, 769

46, 4681,435

4.54.24.34.15.34.5

4.95

636, 8846,787

209, 3462,752

164,8223,19128.03

1, 597. 25936. 43

1.713.011.632.641.951.26

231,651215, 58816,064

63.0

49.72147. 6025.4431.09107. 40191. 7823.03

92.7108.8132.7102.588.429.6

59.3

95.3

774, 47031,710

652, 91524,141

15, 991

45, 6371,441

4.64.14.44.35.34.8

4.90

1,618. 60936.43

1.733.011.672.641.951.26

338, 366323, 20115,165

49.44147. 2924.8730.83107. 83192. 6722.98

91.5107.3130.1102.287.628.7

59.3

96.4

583, 61926, 093

487, 92919, 367

13,465

46,0581,441

4.64.04.54.35.34.7

4.90

1, 631. 30936.43

1.743.011.682.641.951.26

216,350213.8222,528

64.3

49.15147.1324.2630.45107.66192. 7122.61

91.5107.5130.9102.787.128.9

59.2

94.5

632, 09228, 718

527, 77720, 568

16, 269

46, 6951,444

4.64.14.54.35.24.7

4.94

635, 2866,674

208, 7052,712

163, 9723,02028.31

1, 643. 66936.43

1.763.011.702.641.961.27

180,341176, 6373,704

64.3

49.92148. 9125.0931.00109.17195.1323.22

92.9109.2132.8104.487.829.1

58.9

94.3

1,134,33951,103

964, 60837,599

26, 696

46, 7691,446

4.64.14.54.35.34.8

4.92

1, 680. 36936. 43

1.793.011.752.441.961.27

449, 981420, 27829, 703

50.2

43.48130.7621.4526.5295,20170. 9519.46

83.097.3118.192.780.625.4

52.0

83.8

1,438,19969, 493

1,242,99954, 517

38, 969

36, 5471,447

6.15.26.14.96.36.3

5.07

1, 690. 37936. 43

1.813.011.772.441.961.29

239, 426223, 37216,055

53.1

39.99119.4620.1524.6689.17159. 6118.72

73.384.8104.180.075.122.7

'48.8

78.7

560, 46325, 451

487,11620,107

15, 573

' 38, 7751,450

5.74.85.94.55.75.7

5.26

632, 3986,544

207,6792,746

165,1932,74527.57

1, 694, 82936. 43

1.813.011.772.541.961.29

194,824182,23212, 592

54.6

41. 64122 2322. 4226. 4390.46161.4919.43

76.187.2105. 984.280.124.4

51. 4

84.0

1,713,08936. 43

1.833.011.792.541.961.36

365,553347,33118, 222

55.6

42.50125. 3222. 2226! 8392,21164.4819.94

77.589.1109.585.880.324.9

50.4

84.3

320, 860 320,91315,191 j 14,214

264,352 ! 270,47110,828 i 10,420

7,307 7,616

39, 992 40, 7061,454 | 1,454

5.64. 74.55 7

5.64.75.64.85.75.6

5.10

FOREIGN TRADE

INDEXESExports:

Total: Value, unadjusted 1923-25=100..Value, adjusted .do

U. S. merchandise, unadjusted:Quantity _.do----Value - . doUnit value do. ._.

Imports:Total: Value, unadjusted . .do

Value, adjusted.... doImports for consumption, unadjusted:

Quantity . 1923-25 = 100-.Value.-. .- - doUnit value do

Exports of agricultural products, quantity:Total:

Unadjusted 1910-14 = 100-.Adjusted . .do

Total, excluding cotton:Unadjusted _. . .doAdjusted _. do

«• Revised.

7874

1157768

6063

1066158

2322

3734

7672

1177665

5659

112'6256

8881

7166

8772

1318766

6765

1166556

11182

8372

7767

1167767

7373

1196757

7356

5752

9791

1409669

7677

1277358

9575

6358

9795

'137'97'71

7574

1247359

118105

7170

91100

1309170

6262

995960

96104

7177

9392

132'92

70

6760

1066561

6768

6666

8590

1238569

6661

1056461

5261

5155

8691

1248569

6564

1066460

3947

4345

92104

1369268

6569

1096459

3444

4853

8395

1268467

7278

1156859

3447

5257

92100

1359268

1146759

2632

4748

Page 39: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

November 1940 SURVEY OF CURRENT BUSINESS 37

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

1940

Sep-tember

1939 1940

Sep-tember October Novem-

berDecem-

berJanu-ary

Febru-ary March April May June July August

FOREIGN TRADE—Continued

VALUE

Exports, total, incl. reexports thous. of dol..By grand divisions and countries:

Africa -doAsia and Oceania . .do

Japan . . . „ . . . doEurope.- . . do

France. . doGermany. . . doItaly doUnited Kingdom _ do

North America, northern. . . . doCanada ._ do

North America, southern.„. . . - . . .doMexico . do

South America _________doArgentina.. . . . . d oBrazil _. . .doChile . . do . . - .

U. S. merchandise, by economic classes:Total thous. of dol..

Crude materials _ .doCotton, unmanufactured doFoodstuffs, total . .do

Crude foodstuffs doMfd. f oodstuffs and beverages d o . . .Fruits and preparations .doMeats and fats __. . . . doWheat and flour . . . do

Semimanufactures .doFinished manufactures do

Autos and parts doGasoline - __do_._.Machinery. do

General imports, by grand divisions and coun-tries:

Total thous. of dol..Africa. ._ _ do . . . .Asia and Oceania .-do

Japan doEurope .do

France doGermany, doItaly . doUnited Kingdom do

North America, northern doCanada do

North America, southern doMexico . do

South America . . . . d oArgentina . doBrazil doChile. d o . . . .

Imports for consumption, by economic classes:Total thous. of dol..

Crude materials ,_. . . . . d oCrude foodstuffs. _ doMfd. foodstuffs and beverages... doSemimanufactures ___doFinished manufactures . do

295, 245

14,09448,40417, 778

113, 523720

90103, 36164, 62663,25225,6737,697

28,9236, 2676,7532,976

288, 27022, 7245,138

15, 3314,974

10, 3571,8131,7292,153

78, 575171, 639

15, 7354,422

52,658

194, 92812, 58186,22011,12415, 762

267231116

9,26340, 56939,19714, 7223,876

25, 0753,6487,1225,164

196, 31280,11318,09819, 02646, 51032, 565

288, 573

8,95950, 63219, 347

121,30112,132

6074,834

60, 33953,16552,15629,1165,781

25, 4014,9425,9972,020

284,04166,84735,66128, 7867,477

21, 3099,0144,4344,270

58, 993129,41512,4579,728

40,143

181,4613,341

60,51119, 52041,516

3, 8511,8152,401

10, 96734, 23333,12519, 6553,460

22, 2063, 8038,3511,813

199,48367, 60619,46538, 41238, 27535,725

332,079

10, 38562, 78023, 367127,69012, 555

396,30152,92462, 84761,71533,1028,579

32, 9606,9898,6092,667

323,16878,44947, 25437, 76010,21327, 54713, 7774,8763,604

64, 537142,42218, 9009,256

42, 316

215, 2815,22964,19720, 43853, 8532,9941, 5575,12314, 60540, 42639,82722, 0294,379

29, 5485,05511,3903,728

207,14070, 50024,89827, 72245, 41638, 604

292, 582

8,99758,57725, 243104, 39913,239

36,02931,48552,11351, 26229, 5108, 700

38, 9869,88710,6083,625

286, 89158, 31830, 56322, 6565,38617, 2705,7384,0573,07863,200142, 71619,8707,52438,637

235, 4029,03377,69518,98560, 3446,3132, 6564,96513, 57736,10934,83315,1665,352

37, 0536,68912, 3956,629

214,45475, 38627,88121, 77748, 61440, 795

I

367, 819

11, 34278,12027, 556157, 34036, 645

18,62350,39544,47743,87832,3119,926

44, 22710, 79110,4833,908

357,45064, 26443, 74124, 3427,78416, 5584,0995,1331,978

75, 661193,18324,8269,63848,100

246, 9039,95591,00518,91557,3335,3033,3833,89515, 71933,21532,01217, 1115,912

38, 2858,36310, 2157,879

232, 73886, 77025, 66529,78655, 61934,898

368, 584

11,27676, 06128, 247172,64038. 508(«)8,30067,14342, 28241,64727,7588,04638,56610,1579,2163,259

359,09882,19359,88427, 7057,257

20, 4484,3167,1542,259

75, 362173,83823, 7366,41244,173

241, 8978,030

100,10722,19652,0247,3131, 5912,56314,19130,16428,87720, 0025,958

31, 5709,6637,8712,480

234, 63495, 71424, 79323, 31653, 73237,079

346, 779

10, 78961, 52015,193165, 74139, 277

A

9,59858, 53443,67143,13128,0657,52236,9939,14710,1163,418

338,63961,11344,28331,2228,752

22, 4705,5546,8893,340

71,355174, 95023,8355,534

45, 235

199, 77510,48165, 7897,998

38, 0394,780924

2,6138,945

26, 96326, 27923, 2706,733

35, 23410, 8198, 0674,593

352, 272

11, 72759,29917, 800160,05042,034

4410,08351, 89049, 70048, 85529,1678,394

42, 32810, 82110, 3684,354

344,55946, 75226, 58325, 8818,02617, 8554,0873,2405,752

73, 508198, 41829, 3265,387

59, 726

216,73211,32276,0419,33541,1605,170392

3,96814, 97326, 40126,08926,9576,402

34, 85010, 4668,1224,134

189,824 |70,420 !23,838 !23,138 i42,860 I29,567 !

206, 71977,88025, 63622, 81246, 59633,794

324, 008

13,94453, 22015, 271140,24045, 990

359,24053, 33955,13654, 37325, 2496,62436, 2198,32610, 3603,066

316, 52040, 88621.0S622,0586,31415, 7443,9272,7623,381

65,810187, 76619, 4935,36462,864

212, 2407,95877,8838,760

40, 8834,220357

4,95312, 74830,47529, 77825,9936,65229, 0485,0847,0797, 012

202,97478,12525,05224, 53942, 44732,810

325, 306

12, 54557,89813, 721124, 52739, 350

70< U

13, 23449, 82262, 73861, 87727, 2657,472

40, 33210, 77010, 3843,694

318,05140, 27713, 52614, 9654,00510, 9601,6082,0561,993

74, 490188, 31921, 3376,11058, 422

211,3828,052

70, 0579,28338, 2155,351231

4,21012,11536, 91736,18025, 7976,889

32, 3445,0679,2826,143

350,458

12,32553, 75515,421144,81347, 237

Q1,60377,86867,67966,79626,9246,53644,96114,75910, 6414,244

344,44433,5898,29517,7586,48011,2782,2091,7641,536

76,310216,78717,6616,33254,496

211,3909,20972,7208,97235,8763,222251

4,05315,42637,80237,16428,49110,33027, 2924,7437,5793,590

203,70270T866 I26,095 I27,215 !43,337 I36,189

205,39770,51123,642 I31,27545,146 j34,823 ''

317, 015

12, 24359,14615, 364

122, 837206

C)16

108,36864, 48663,49424,1637,11034,13910, 6507,2053,110

312, 33731, 9877,861

20, 4077,70612, 7011, 5383,1512,593

75, 545184, 39813, 9643, 966

48, 292

232, 25814, 84986, 64513, 36232, 3031,751201802

20, 29939, 85237, 97624,5856, 986

34, 0245,1759,0048,583

217,82885,23124, 92422, 56745, 41439, 091

349, 928

12, 61559, 73425,188143, 754

89

125, 30971, 80070, 70727,8887,19834,13710,1707,5223,543

341, 92424,1613,64019,1705,819

13,3512,3861,7102,237

96, 863201, 73015, 6454,36556, 813

220, 21711,90190, 79513, 27726, 566

655183158

13, 28041,02939, 46719, 5716,330

30, 3555,1708,3966, 372

214,10688, 49521,51520, 58850, 34233,166

TRANSPORTATION AND COMMUNICATIONS

TRANSPORTATION

Express Operations

Operating revenue thous. of dolOperating income ...do-.

Local Transit LinesFares, average, cash ratef cents.-Passengers carried! thousands..Operating revenues thous. of dol._

Class I Steam Railways

Freight-carloadings (Federal Reserve):Combined index, unadjusted...1923-25 = 100._

Coal doCoke doForest products .. .doGrains and grain products... .doLivestock doMerchandise, 1. c. 1 do_.._Ore . . . .doMiscellaneous do

Combined index, adjusted doCoal —_do-_._Coke-.- ...___._do.-_.Forest products doGrains and grain products... doLivestock _____ _ doMerchandise, 1. c. 1 ___.doOre _--.- doMiscellaneous do____

86839456895464

1859477809951794261

10684

9,696 I 9,56062 j 74

7.8585740,88754, 561

85897849995765

14992778582458845638582

9,52576

7.8585 j 7.8585810,731 784,590

59,309 ! 57,174

11,00774

7.8336825,90360,649

9,16780

9,28176

95 !52 I87 !

i

83 |87 |

100 i50 i83 i

7.8336 | 7.8336811,787 ! 767,68858,950 ! 56,545

!73 |79 I

1014475 I

7295

10641

62651609780879550874462108

506410591828010051884163191

3960298178719251874062116

3868257478839047733962114

9,58684

7.8253823,167

59, 974

26 !71 17368 !654475 I40 I61 j

107 !83 I

688088436933

677073446931

7043753960 I

105 !77 i

9,58875

7. 8253798,945

57,872

67636244703460427670757343793759

10274

9,83761

7.8253813, 615

59,139

71677047663460

13480727873457438609677

9,528 !

71

j

7. 8253755,312

55, 935

75698548733160170857581914574386010082

9,41577

7.8253724, 709

53, 574

708946

1103160

182827583

1054680356196

7. 8253726, 760

8851893801

178837(585

.084974386196

• Less than $500.fRevised series. Data on fares revised beginning August 1936; see p. 45 of the July 1940 Survey.

been marked with a "t") on p. 37 of the April 1940 SURVEY.Passengers carried revised beginning 1938; see note "q" (not© ghould have

Page 40: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

38 SURVEY OF CURRENT BUSINESS November 1940

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

1940

Sep-tember

1939

Sep-tember October Novem-

berDecem-

ber

1940

Janu-ary

Febru-ary March April May June July i August

TRANSPORTATION AND COMMUNICATIONS—Continued

TRANSPORTATION-ContinuedClass 1 Steam Railways— Continued

Freight-carloadings (A. A. R.):1Total cars thousands. _

Coal doCoke-- doForest products doGrains and grain products. doLivestock doMerchandise, 1. c. 1 doOre . doMiscellaneous. _ do

Freight-car surplus, total ___doBox cars... doCoal cars do

Financial operations:Operating revenues, total __thous. of doL.

Freight doPassenger do

Operating expenses . _ do.__.Taxes, joint facility and equip. rents*._doNet railway operating income doNet income doOperating results:

Freight carried 1 mile mil. of tons..Revenue per ton-mile cents..Passengers carried 1 mile ...millions..

Financial operations, adjusted:*Operating revenues, total mil. of dol._

Freight. - doPassenger do

Railway expenses doNet railway operating income ..doNet income do

Waterway TrafficCanals:

Cape Cod thous. of short tons._New York State doPanama, total thous. of long tons..

In U. S. vessels doSt. Lawrence.. thous. of short tons..Sault St. Marie. _ ......__doWelland.... . — .do. . . .

Rivers:Allegheny doMississippi (Government barges only).doMonongahela doOhio (Pittsburgh district) do

Clearances, vessels in foreign trade:Total U. S. ports . thous. of net tons..

Foreign doUnited States do

TravelOperations on scheduled airlines:

Miles flown thous. of miles..Express carried ....__ pounds..Passengers carried. number..Passenger-miles flown. thous. of miles..

Hotels:Average sale per occupied room dollars...Rooms occupied percent of total..Restaurant sales index._____ 1929=100..

Foreign travel: I &U. S. citizens, arrivals. __number__i..__ .U. S. citizens, departures... do IEmigrants . . . . doImmigrants doPassports issued do I 1,913

National Parks:

3,1355624415716069

606

1, 260

3324

382, 603'316,12536, 094

260,17948, 23174,193

0)648

2, 3041,101

99213,0021,616

423192

2, 5851, 396

3,356796

497,149149, 214

Visitors . doAutomobiles do

Pullman Co.:Revenue passenger-miles thousands_ _Passenger revenues. thous. of dol._|

COMMUNICATIONS ITelephone carriers:

Operating revenues thous. of doL.jStation revenues. _ . . . do ITolls, message._. _____do

Operating expenses doNet operating income doPhones in service, end of month..thousands..

Telegraph and cable carriers:!Operating revenues, totalf thous. of dol._

Telegraph carriers, total doWestern Union Telegraph Co., revenues

from cable operations....thous. of doL.Cable carriers ,_._..do....

Operating expenses f . . . .doOperating income |- --- .. .doNet income f do

Radiotelegraph carriers, operating revenuesthous. of doL.

'3 ,102

'37••138rl78-76

'623r 99 "i

' 1, 237703316

381.118314,400

37,146251,167'43,421r 86, 530

41, 078

36,115.941

2,097

360.9296.9

35.5290. 5

70.526.2

434615

2,4461, 0341, 216

11,4931,564

279150

2,0771, 355

6,3064,5371,769

7,442981, 462192, 54475, 800

3.356489

40, 29526, 6562,3015, 5IS1,843

•437, 415129, 548

736,3254, 679

103,84365, 69629, 36167, 21022, 38618, 263

12, 49511,079

9001,4179, 6752,0721,311

3,3756764615216584

2531,358

683415

419,717355,10433, 367

271, 53846, 563101,61656, 521

40, 066.9511,866

377.6313.834.8

306.671.027.1

513717

2,3861,0371, 215

12, 3531,748

320181

2,4571,443

5,9744,2851, 689

7,626948, 501194,21677, 468

3.396793

19,70010,0331,9965, 4921,759

247,14974, 366

696,1864, 467

105, 52068, 45328,31869,15722, 24018, 357

11,0879,995

6841,0929,3081, 094230

1,622 | 1,263

3,0406014714214867

616182

1,2361084735

368, 027310, 43429, 289256, 17041,51170, 34633, 004

35,131.9531,591

369.1307.432.6

303.665.523.8

485709

2,4731, 0311,073

10, 4381, 535

303192

2,4941,427

6,0714,1961,875

7,408844.413171,55767, 031

3.446196

10. 129 j7,984 !

3,262671591551716371655

1,3711605869

345, 247276, 27237,816

249, 01335, 28160, 95336, 622

31, 460.9612,020

359. 8296.634.7

295. 464.421.3

6610

2,4611,047

33953404

214128

2, 6581,443

4, 5363,2151,321

2,5556435011511750

55438

9891265936

345, 498283,10736, 079

257, 34142,59145, 5672,927

32, 502.9521,932

357.6294.134.8

301.356.315.3

5660

2,3381,066

000

831,281

315

4,3563,0341,322

7,733 ! 7,2711,038,278 j 817,633175,263 150,10271,530 I 61,355

3.295490

11,5657,0991, 7147. 6731, 663

63, 48619, 740

562,047 675,284

1, 6075,8611,

83,27,

641

966081

3,704 4,367

103, 403 j 105, 12568,394 69,026

27,18870,56820, 11918, 537

3.216692

13, 36715, 7851,5303,8762,527

68. 77419, 470

795, 0955,254

26, 26570, 05219,40618, 447

10, 313 11, 9259, 324 10, 822

610989

9,210424

d 432

1,152

6581,103

10,0081, 212331

2,4875714312112343

57139

9741786975

313,475257, 63031,945

240, 51940, 33832, 618

d 10, 761

29, 655.9471,709

339.2278.333.9

290.348.98.4

4340

2,1241,022

000

12579

1,615836

4, 2503,0141,237

6,673697, 385139,81658,937

3.256691

21,04914, 1251, 2487, 0251,870 j

77,12221,189

671, 7694,558

3,1236244516016353

74151

1,2841887085

327, 009266, 72133, 262

248, 59441,68136, 734<* 4, 955

31,116.9441,803

328.7265.935.6

289. 938.8

6310

2,2791,073

000

207158

2,2881,135

4, 5973,1981,399

7,930894, 581195,062

3.186589

22, 82225,1131,4596, 3732,070

117,43032, 967

735,3164, 871

106.14470, 02327, 32270, 32920,97318, 710

10, 4459,451

599 |994

9,408 i332 j

<*460 |

1, 258 j 1, 109

102, 99968, 67425,51267, 86820, 36518,802 j

10,020 j9,094 I

566926

8,892443

1,028

106, 09469, 71627, 57369, 67521,17218, 896

10, 8689,932

591936

9,554626123

1,072

2,494444301291314559559

1,0621636766

321, 439265, 24629, 956

245, 81841, 79933, 822<* 9, 261

29, 903.9641,691

328.3269.932.4

289.039.3

5720

2,0811,042268

1,278449

302164

1,9841,208

4,7593,0781,680

8,332871,317224,85288,062

3.4066104

16,06716,4101,1926,9232,109

124, 86438, 580

635, 8024,170

107,15570, 46927, 85969, 84222, 13518, 992

10, 6619,687

594973

9,321641145

1,116

2,7134703313412647597195

1, 1121546956

343, 362284, 63429, 742

252, 80343, 48347, 0773,843

33, 086.9271,699

341.8281.432.5

290.451.39.5

0)665

2,3191,3581,057

12, 2502,051

475246

2,6031,560

5,8453,7512,094

9,267941,810258, 451100,044

3.1066108

12,90511,9481,3106,1862,604

259, 36877,869

570,8364, 749

I108,60371,00728, 69371,95021, 39119, 089

11,58610, 565

6611,0229,8161,035

397

1,239

3, 5356005017116452

725326

1,4461265443

344,813280, 66035, 936

252, 46244, 93247,4197,050

32, 908.930

2,060

359.8297.234.8

299.560.218.4

0)647

1,789898

1,05513,4551,913

469204

2,6871,552

6,3354,2302,105

9,549981, 884286, 272110,840

3.276295

16, 6038,688993

4,1252,926

539, 769166, 667

685, 4274,277

106, 06369, 74127,42468, 99518,40419,108

11,11610,198

569918

9, 621759466

1,177

2,826474 ]41 !127 !203 !41 j570 |275 j

1,095 !133 |57 I

47!366, 078300, 65837, 732261,99946,974

r 57,10416, 042

33,713.963

2,244

356.3293.8 i33.8302.7 ;53.6 I

3,7186575418620862755347

1. 4491045130

381, 427310,64540, 974

207, 50547, 90766,01521. 725

36, 398

364. 8298. 436.7

307.6

0)779

2,2851, 0751.123

13,8421,832

399198

2,6811,474.71 I

0)625

2,4181, 2021. 008

13,7131,820

501-•212

2, 6791,412

P 6 , 3 4 0 ! J>6,331r> 4, 241 i v 4, 307v 2, 099 l v 2, 024

10,121 I 10,2231,056,999 1,201,999296,539 • 320.990112, 377 121, 602

3.196088

3.3964100

17,254 I 15.09212, 354 10. 9001, 189 { 1. 1104,298 4.8122,848 j 2,435

927,757 933,7.83257,109 ' 258,128

702,1864,263 !

106,593 :68,97228,63671, 85019,20419,137

10,7739,906

543807

9, 873204

d293

1,149

718,1404, 402

107. 35003, 74929, 72270, SS520, 50019, 211

10, 90910,1SS

4347S1

9, 783443

1, 033

f Revised. d Deficit. v Preliminar?/. l Data temporarily discontinued by reporting source.KData for August and December 1939, March, June, and August, 1940 are for 5 weeks; other months, 4 weeks.*New series. Adjusted data on financial operations of railways beginning 1921 appear in table 33, p. 16, of the September 1940 issue. The new series on taxes and joint

facility and equipment rents is shown to provide figures for obtaining total railway expenses as given in the adjusted figures of financial operations; earlier data may be obtainedby deducting operating expenses and net railway operating income from operating revenues.

fRevised to exclude data for radiotelegraph carriers; for revised data beginning 1934, see table 48, p. 16 of this issue.

Page 41: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

November 1940 SURVEY OF CURRENT BUSINESS 39

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

1940

Sep-tember

1939 1940

Sep-tember October i Novem-

berDecem-

berJanu-

aryFebru-

ary March April May June July August

CHEMICALS AND ALLIED PRODUCTS

CHEMICALS

Alcohol, denatured:Consumption . . . ..thous. of wine gal.Production. __ . „ do. . .Stocks, end of month... _. . . . . do . . .

Alcohol, ethyl:Production-. . thous. of proof gal.Stocks, warehoused, end of month.. . . . .do.. .Withdrawn for denaturing.. .do. . .Withdrawn, tax paid—.... do. . .

Methanol:Exports, refined .__.._.gallons -Price, refined,wholesale (N. Y.).dol. per gal-Production:

Crude (wood distilled).-.----thous. of gaLSynthet ic . . . do._.

Explosives, shipments thous. of lb.Sulphur production (quarterly):

Louisiana . . Jong tons.Texas - do. . .

Sulphuric acid (fertilizer manufacturers):Consumed in production of fertilizer

short tons.Price, wholesale, 66°, at works

dol. per short ton.Production.. . short tons.Purchases:

From fertilizer manufacturers . . .do._.From others . . do. . .

Shipments:To fertilizer manufacturers __.do._.To others. ._. . .do.. .

Stocks, end of month ___do...

14,15713,6942,445

21, 55918, 48024, 2182, 045

198,332.34

37,180

137, 445

FERTILIZERS

Consumption, Southern Statesthous. of short t ons .

Exports, total . - ..long tons..Nitrogenous . . . . . doPhosphate materials.. _____ _do._._Prepared fertilizers . . do . . . .

Imports, total ._ _. _. doNitrogenous, total ____.do . . .

Nitrate of soda . ._.__doPhosphates . . . doPotash . .. do

Price, wholesale, nitrate of soda, 95 percent(N. Y.) . . . . . . dol. per ewt._

Potash deliveries . short tons..Superphosphate (bulk):

Production . do . . . .Shipments to consumers .. .doStocks, end of month..__.____._ ....do

NAVAL STORESRosin, gum:

Price, wholesale "H" (Savannah), bulkfdol. per 100 1b...

Receipts, net, 3 ports bbl. (500 lb.)._Stocks, 3 ports, end of month do.

Turpentine, gum, spirits of:Price, wholesale (Savannah) dol. per gaL.Receipts, net, 3 ports .. .bbl. (50 gal.)Stocks, 3 ports, end of month.. do.

16. 50

142144, 348

29, 729100, 713

53671,03861,45637, 610

3647,787

1. 45048,018

OILS, FATS, AND BYPRODUCTS

Animal Fats arid Byproducts and FishOils (Quarterly) i

Animal fats: !Consumption, factory thous. of lb-.jProd net ion . . . . do. _.. IStocks, end of quarter do I

Greases: jConsumption, factory ..do jProduction , do.___'Stocks, end of quarter do

Shortenings and compounds:Production . do . . . .Stocks, end of quarter - . . . . .do

Fish oils:Consumption, factory .._____do ____Production do . . . .Stocks, end of quarter . do

1.6140,190

522, 181

.379, 762

51,053

235,774508, 543557, 921

82, 409104.520121,217

296,17948,144

43,958

Vegetable Oils and ProductsVegetable oils, total:

Consumption, crude, factory (quarterly)mil. of Ib..

Exports thous. of 1b_.Im ports, total do

Paint oils . doAll other vegetable oils do

Production (quarterly). mil. of lb__Stocks, end of quarter:

Crude ...do....Refined ._._„__. do

42. 816174,462

6229, 680

57, 9772, 745

55, 232540

737452

12,84812,625

1,776

18,10425,91322, 3152,187

28, 337.36

4052, 640

35, 933

106,795372, 655

15,4531.5,1811,496

20,96517,97426,0332,248

263, 588.36

4634,15840,612

134,287 ; 175,338

16.50 ! 16.50153,897 | 205,024

30,040 | 31,77433,590 | 40,049

37,574 I 42,83544,089 j 57,41074,113 i 75,377

"154 !123,792 |27,157 j76,904 i

697 i88,276 !71,447 !10,445 \

392 j15,877 I

190112, 69918, 97478, 4181,921

110,04691,43142, 2042,54914, 571

1.450 1.45054, 762 72, 622

305,538 ! 406,809109.223 ! 67.1431,012,067 1,122,492

2.36 I 2.3460,289 ! 54,574679,127 j 630, 926

.26 I .2716,369 I 14,605101,111 93,317

13,06813, 0601,479

21, 78714,16822,9442,282

123,995.36

4804,612

35, 477

176, 860

16. 50208,461

37, 56232, 784

44,97958, 31874,027

10879, 2707,53855,009

486109, 670101, 33566, 4072,7994,214

1.45070,952

417, 41019, 225

1,228,028

2.3043, 736

643, 443

.2610,94598,986

11,43411,1581,173

22,08014,61419, 5241,729

368,248

4344.184

30, 580

126,650530,047

I

249, 278480, 251318,616

54, 12393, 62452, 833

405, 33136, 539

67, 98181,556221, 392

7107,908

51, 62011, 27740, 343

583

660521

24, 74564, 59312, 40252,191

172,332

16.50219, 838

32, 88536, 889

47, 62359, 87083,814

18770, 90518, 62943,474

489126,952106, 51059, 518

70518,161

1.45062, 635

405,19924,368

1,233,297

2.2551, 032

642, 234

.2710, 20294, 677

256, 378629, 499417, 673

10,14710, 3981,417

20, 65615,27918, 3861,504

369, 290.36

4573, 453

34, 690

182,160

16.50235,023

26, 69926, 826

39, 63658, 33592, 040

37956, 60227,16427, 099

278146,012103,28156, 627

69341,793

1.45054,944

8, 5058,4601,386

20. 38118,77314,6971,640

228, 357.36

4473, 78231,035

158, 592

16.50212, 719

19, 72423, 685

40,30055, 65093,132

67553,39828,90219, 717

800140, 54473, 79226, 506

40665, 486

1. 45010,106

430, 820 358, 75830,335 52,741

1,256,690 11,250,521

2.3111,630

605, 046

.301,487

76, 664

9,5241,392

20, 98320,67716, 7302,012

326,149.36

5073, 46330,189

121, 820546, 558

2.356,764

570, 403

.33611

66, 532

149,303

16.50196, 290

19, 38323, 416

34, 68555, 00293, 231

1,53660, 33214, 84743,311

722178, 782135,83986,039

47640,094

1.4505,412

351,009158, 7171,115,331

2.387,710

544, 281

.371,202

58, 369

61,061107, 30460, 375

330, 8165Q, 621

80, 026129,743 j245,150 |

16, 02281, 6746,94374, 731

1,01917, 43680, 97516, 73364,242 |1,069 |

784 !654 |

10, 49980, 71120, 52760,183

12, 09166, 5797,58058, 999

9,7939,9941,591

20, 21820,95717,6112,035

35, 725.34

4423,486

32, 204

140,272

16.50192,846

11,99127,618

32, 53358,06194,820

1,12565, 79820,05343,167

748144,702118,51589, 679

60019, 553

1.4503, 511

338, 482221, 376834,900

2.1326, 679522,133

.356, 58451, 215

10,03710,0371,586

20,95321,92117, 7521,782

21,932.34

4373,41)9

34, 475

143, 742

16.50191, 643

15, 69227, 330

37, 37159, 09089, 282

329108, 20720, 48580,484

544146, 79797, 02079, 2991,228

30,197

1.4504,711

339, 736133, 372906, 650

9,6259,7061,662

21,42321, 79917, 4903,380

53, 341.34

4263,426

32, 877

149,995525,157

137, 321

16.50176, 846

18,01336, 029

34, 53457, 34490, 971

12290, 06115, 37966, 619

37299, 00283, 70762, 5983,38610, 349

1.45023, 363

327,16961,120945, 712

229,509688, 427560, 537

85, 454112,203110,851

273,11957,250

63,129 !34, 015203,521

91415, 05767,0119,10757,904

910

861 i754 |

9,17866, 0511,388

64, 663

1. 96 | 1. 7637,792 ! 43,411516, 741 529, 416

.34 .329,429 11,30250, 704 53, 345

231, 581610, 030633, 821

89, 978109, 979122, 330

71,14911, 94459, 205

9,49710, 4432,605

22, 45722, 39319, 6212,020

74,295.34

3903,85233,340

134, 050

16. 50180,553

24,13332, 517

44, 06355, 43394, 628

72122, 83721,02186, 672

630117, 250109,61882, 342

97,441

1.45035,817

323,56727, 584

1,010,04 7

1.4246. 132519, 556

.3312,34054, 488

11,19511,5102,919

24, 09423, 64520, 9181, 424

228, 961.34

4083, 788

35, 036

153,215

16.50194,664

30, 78231,476

45, 68060, 92391, 732

61178, 47430, 321128, 907

88189, 89175, 54252, 7033,1368,829

1. 45034,534

361,38745, 389

1,091,183

1.6948, 389524, 212

.3411,49655, 809

287, 998

47, 4025,843

166, 507

7568,64878, 21415, 79162, 424

558

713684

10, 24596, 62919, 53377, 096

11,69574, 85410,83964, 015

' Revised.f Revised series.

of the SURVEY.Data prior to July 1940 on prices of gum rosin converted from price per barrel of 280 pounds gross (conversion factor 2.324) published in previous issues

Page 42: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

40 SURVEY OF CURRENT BUSINESS November 1940

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

1940

Sep-tember

1939

Sep-tember October Novem-

berDecem-

ber

1940

Janu-ary

Febru-ary March April May June July August

CHEMICALS AND ALLIED PRODUCTS—Continued

OILS, FATS, AND BYPRODUCTS-Con.

Vegetable Oils and Products—Con.

Copra:Consumption, factory (quarterly).short tons.Imports ....doStocks, end of quarter -_ . . - . . -do . . -

Coconut or copra oil:Consumption, factory:

Crude (quarterly) , . .thous. of lb_.Refined (quarterly) _ . . . d o . . . .

In oleomargarine . . _. _doImports ._...__ . .doProduction (quarterly):

Crude . doRefined _._ _ . . . . _ . . . . do

Stocks, end of quarter:Crude- _. -doRefined.. . . . . do

Cottonseed:Consumption (crush). _.thous. of short tons..Receipts at mills . . do . . . .Stocks at mills, end of month do

Cottonseed cake and meal:E xports. . short tons..Production do . . . .Stocks at mills, end of month. . _. do

Cottonseed oil, crude:Production thous. of lb__Stocks, end of month __.__ do

Cottonseed oil, refined:Consumption, factory (quarterly) d o . . . .

In oleomargarine d o . . . .Price, wholesale, summer, yellow, prime

(N. Y . ) . . . . . . . dol. per l b -Production . . . . thous. of lb._Stocks, end of month . . . . . . . . . . d o . . —

Flaxseed:Imports ____.._.thous. of bu . .Minneapolis:

Receipts doShipments d o . . . .Stocks . . . . . do

Duluth:Receipts _ doShipments __. .do. . . .Stocks . do--_.

Oil mills (quarterly):Consumption . doStocks, end of quarter.. d o . . . .

Price, wholesale, No 1 (Mpls.) dol. per bu_.Production (crop est.) . . . . thous. of bu._

Linseed cake and meal:Exports .... ,__do.__.Shipments from Minneapolis . . . . . do

Linseed oil:Consumption, factory (quarterly) doPrice, wholesale (N. Y.) .._dol. per 3b-.Production (quarterly) . . . . thous. of lb__Shipments from Minneapolis... . . . .doStocks at factory, end of quarter. _ do

Oleomargarine:Consumption (tax-paid withdrawals)._.doPrice, wholesale, standard, uncolored (Chi-

cago) - . dol. per lb-.Production ..thous. of lb . .

Vegetable shortenings:Price, wholesale, tierces (Chi.)...dol. per lb._

PAINT SALES

Calcimines, plastic and cold-water paints:Calcimines . . . . thous. of dol..Plastic paints doCold-water paints:

In dry form,. . . . .doIn paste form . . . . . . . . d o . . . .

Paint, varnish, lacquer, and fillers:Total .- . .do

Classified, total . . . . . . d o . . . .Industrial ..__._..__ . . .doTrade _.do

Unclassified... ._ _. .do. ._.

CELLULOSE PLASTIC PRODUCTS

Nitro-cellulose, sheets, rods, and tubes:Consumption thous. of lb__Production . . . d o . . . .Shipmentso" _. do . . . .

Cellulose-acetate sheets, rods, and tubes:Consumption ,thous. of lb_.Production -doShipmen tscf _ _ _ do

Moulding composition:Production . ____doShipments! __ do

57,57911,98029,293

148, 24556, 248

21, 684

73,03875,920

209, 67413,772

353599333

40155, 320

95, 884

110, 59280, 274

312,007

.05646,171

348, 042

24

5, 813347

7,073

2,2931,6911, 935

6, 9437,038

1.48i 30, 629

15929, 440

101,652.084

135,38916, 600

115,135

. 115

.090

21350

193311

33, 93724. 10110,50213,599

9, 836

2801,093

8826755

1,7091, 501

49, 2397,533

13, 808

141, 94952, 360

3,11310, 988

61,94969, 627

197, 49111,443

' 5 2 0' 1, 132

»" 811

1,318230,404123,222

161,163109,931

356, 2949,034

.071' 94,120•411,093

452

2,709648

5,456

2,0321,1701,521

6,8146,3841.75

40, 60023, 280

.099134, 32614, 700112, 629

27, 918

.12428,105

.104

171289

36, 96025, 51510, 42015, 09511,445

3281,1641,156

7706677

1,3121,153

17, 222

2,16717, 774

-•715' 1,187' 1, 283

2, 335321,458198,853

221,898'157,201

8,689

.068164,685"432, 530

875

679367

5,154

1,3601,109

14, 52919, 720

.102

15,666

23, 676

.12323, 785

.104

23340

179270

34, 54024, 99510, 97614, 0209, 544

3111,3151,232

14713684

1,4101,333

31, 790

2,15434, 744

••642r 651

' 1, 293

1,403•288,224•206,503

•200,675'184, 433

9,701

.065164,396'490,350

682

318428

4,059

541566

1.84

30, 91421, 480

.098

27, 719

.12827, 886

21334

153206

29, 39621, 77210, 23411,5387,624

3461,3611,244

10725793

1,1991,119

55, 24028, 65835,084

150, 52858, 4241,972

26, 686

69, 47873, 725

178, 38311,881

' 505-•378

r 1,165

343226,764219,412

159,229•181,801

318,4558,779

.069155, 781553, 702

623

269104

3,616

1451,178

51

8,7364,8662.07

8 20, 330

52. 76521, 320

88, 287.102

166,1508,820

142, 457

48,863

2,05134, 899

' 5 2 5' 1 5 8' 7 9 8

216236, 596217,083

167,475'202, 274

22, 449

1,84126, 240

10, 077

.069141,503

r588, 641

1,058

153130

2,720

2.18

18, 45321, 440

25, 737

.12025, 587

.099

20332

159277

25, 93419, 3339,4099,9246,602

2711,0891,199

14987

1,030

1,1831,135

.107

~i6,"380'

29, 409

.12029, 354

.100

' 4 2 4' 146' 5 2 1

141196,194

•200,275

138,692'201, 407

10, 200

.069•125,824'628, 632

1,763

139119

2,151

21231

2.14

50,06814, 200

.102

"16"800"

28, 474

.12029, 477

.100

78, 83435, 63345, 756

149, 76155, 9862,464

34, 266

98, 51970,920

196, 94013, 407

' 293' 8 9

' 3 1 7

112135,993175,093

' 98, 075186, 292

278, 0349,021

.067'114,712"645,875

1,972

12788

1,751

21

32

7,8923,356

2.08

35, 68814, 960

85, 526.106

150,197

20534

140252

27, 66520, 4569,991

10, 4657,210

2711,2391,081

9857751

1,1771.024

18642

133264

25, 53618, 8068,9209,8876,729

1861,016

918

7637655

972878

12, 960172,800

26,828

.12026,641

21554

186320

30, 37022, 61010,08012, 5317,759

2121,090

925

12550589

1,1041,022

18, 932

3,08434, 977

' 173' 2 8

' 172

116' 83, 402151,995

' 61, 574"142, 833

8,188

.068' 97, 318•640, 916

1,199

176132

1,237

560

2.11

66, 23715, 280

.108

" 13," 020"

27, 606

2,52718,150

' 101' 2 6' 9 7

52' 47, 227129,173

' 36, 438' 98,843

70, 21717, 45446, 933

146,15658, 492

1,57526, 729

87, 78169, 451

8,468

.064'79 ,498'600, 480

1,434

209172701

170180

202, 23915,083

' 57'23'63

31' 26,165'110,909

' 19, 396' 66,134

316,1967,392

.060'51 ,091'553, 395

521

161123519

530

130

1.97

6,6373,148

1.78

21, 53813,760

.105

~I4~666~

27,580

.12027, 408

272 i

234382

36,20626, 55210, 97215, 5809,654

174852848

18558490

!951 I904 I

24,123l

.120 '24, 676

.098

30256

242413

41, 72229, 74411,05118, 69311, 978

171800926

10702

893837

1,92610, 440

98,977.099

128,38314,450

132,881

19, 495

.12019, 852

.095

24743

207316

36, 27125, 8289,776

16, 05210, 443

212770850

634562

871682

19,137

1,26136, 659

' 19, 566' 79, 501

'14,123" 37, 352

8,526

.060' 45, 862•493, 658

661

4238

248

63183

10

1.58

5618, 560

.092

" 14," 350

22, 066

.12022, 021

.095

19347

199251

34, 05624,2789,895

14, 3839,779

168899955

8505408

897

20, 578-

1,18026, 286

77'125

86

14036, 30357, 539

23,15824, 267

8,275

.05634, 262

412, 564

628

7, 3071,1802,816

1,566244

1,333

1,02122, 7tX)

.087

14," 550

22, 498

.11821,664

.093

20249

183295

34.99124, 97310, 61914,35410,018

168890970

773784

1,4231, 342

' Revised. l October 1 estimate. 2 December 1 estimate,concludes consumption in reporting company plants.§Excludes consumption in reporting company plants.

Page 43: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

November 1940 SURVEY OF CURRENT BUSINESS 41

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

1940

Sep-tember

1939 1940

Sep-tember October Novem-

! berDecem-

berJanu-

aryFebru-

ary March ! April • May June j July j Angus

CHEMICALS AND ALLIED PRODUCTS— Continued

ROOFING

Asphalt prepared roofing, shipments:Total thous., of squares - - j.

Grit roll . . . . . do \.Shingles (all types) do J.Smooth roll do j.

3,8671,1251,2891, 453

4,6111,2911,5201,800

2,486 i632 !810 I

1,044 i

1,546408447691

1,137 :314 !285 '538

2, 105488625992* \

2,068 :490 I670 !908 I

2,286 I

921 •776

2, 924761

1, 184980

2,707 j734

1,076 I897

2,982 j827 I

1,166 |.989 L

ELECTRIC POWER AND GAS

11,997

8,1253,872

10,6781,319

ELECTRIC POWER

Production, total . mil. of kw.-hr.__!By source: !

Fuel . . . . _. _ .do |Water power do j

By type of producer: \Privately and municipally owned electric ;

utilities mil. of kw.-hr_.jOther producers do._ _. i

Sales to ultimate customers, totalf (Edison >Electric Institute) mil. of kw.-hr__j.

Residential or domestic do LRural (distinct rural rates) do ! _Commercial and industrial: |

Small light and power do LLarge light and power do__--j_

Street and highway lighting do j_Other public authorities-. do . - . - j .Railways and railroads do j .Interdepartmental do ,_

Revenues from sales to ultimate customers! ;(Edison Electric Institute) thous. of dol..1.

GASfManufactured gas:

Customers, total thousandsDomestic .. doHouse heating _... do .Industrial and commercial do

Sales to consumers, total mil. of cu. itDomestic . do __House heating doIndustrial and commercial do_.

Revenue from sales to consumers, totalthous. of dol

D o mes t i c doHouse heating ___.do _Industrial and commercial do

Natural gas:Customers, total . thousands

Domestic _._ do . .Industrial and commercial do

Sales to consumers, total. _____ .mil. of cu. ftDomestic doIndl., coml., and elec, generation do

Revenues from sales to consumers, totalthous of del

Domestic doInd'l., com'l., and elec. generation do

ALCOHOLIC BEVERAGES

Fermented malt liquors:Production thous. of bbL.Tax-paid withdrawals doStocks _.. do. . -

Distilled spirits:Production ..thous. of tax gal .Tax-pawl withdrawals.... do _Imports . . . . tli'Uis. of proof £iL.Stocks _ .- . thoud. of tax ji.-il 519.017

Whisky:Production . .do . . . (1.762Tax- pni-1 withdrawals _. do . . . . 6, o5 \Imports . . . thous. of proof gal..: 6iilStocks . . . . thous. of tax gal.. 176. '*M)

Rectified spiriro and wines, production, totalthous. of proof cal... l. 1M»

Whisky do . . . .',.:A)1Tndie:it<-'d consumption for beverage purposes:

All spirits ..thous. of proof en!Whisky .... . . . . . . do -

-till wines:Production thous. of wine gaLTax-paid withdrawals do_..I mports . do....Stocks . . . . . . do . ._

Sparkling wines:Production . doTax-paid withdrawals do . . . :

Im ports , do : 32Stocks „___ do •

11,120 11,861 | 11,661 ; 12,077 j 12,252 11,104 j 11,514 ; 11,193 11,609 11,485 j 12,091 J ' 1 2 , 4 5 0

8,002 ; 8,7233,118 | 3,138

8,456 j3,205 I

8, 8913,187

9, 0653, 186

7,9143, 190

10,213 10,895 i 10,661 ; 11,074907 966 | 1,000 : 1,003

11,262 10,258990 : 846

10, 0672,186

98

9.495 !2,037 !

83 !

7,5833,931

10, 557957

9,3271,921

93

6, 6454, 548

10,277916 ;

9,2701,856 i

124 ;

1,921 , 1,8334,767 : 4,541 :

' 208 I 183235 23258468

52066

1,770 I4,537 !

174 i226538

68

1, 7584.611

' 155221482

63

7.0064, 603

10,616 :992 !

9,369 !

1,787:153

1,742 i4,799 i

143 !215 !468 i6 2 ;

7,2704,215

10, 4021,083

9,4741,798208

1, 7994,82713021543958

7,931 i4, 159 j

|

10,9371,154 |

9,6101.769 |261 i

1,8204,908 |

136 j212 |444 !61 i

r 8, 482' 3, 968

11,239r 1,211

10,09!:1,828288

1,9155, 180

14922445158

213,096 203,265 : 197,365 \ 194,415 193,288 ! 195,746 | 195,556 ! 201,936

10,075 ;

9,383 !222463

26, 47016, 435

8749,037

28, 45821, 720

8375,818

7, 2436,738

50393,71215, 64976, 688

26, 66412, 35914,105

10,084 ,9,377 I

245 !452 i

29.466 !17,1522,389 !

9,764 ;

30,638 !

22.467 !1,849 !6,215

7,309 '6,777 \

530 I103,626 I19,623 i82, 593

30,855 i14,86715,784

10,0729,358

257449

32, 52515, 341

6, 95110, 050

32, 05621, 4983,8636,574

7, 4366,861

573118, 25030, 99785, 655

38, 77121, 07217,457

10. 110 •9,384

266450

35,02815,7138,821

10, 269

33, 59821,625

5, 1366, 703

7,4796, 892

584129, 92341,51987, 106

45, 62626, 74818.659

10,0409,328

247456

38,521 i17,693 ;10,44410,156

35,96822,491 !

6,565 i6, 772 ;

7,435 i6,861 i

572 !149, 14857,40290, 392

56, 87936,003 '20,638

10.0719, 351

45437,30717, 44610,0719,568

35, 23621,6756. 7186, 708

7,4426,873

567158, 46663, 51993,189

59, 67738, 43720, 938

10. 0529, 334

246460

35,87317,1678,5229,971

33, 72821,1825, 7956,615

7,4806, 902

575136, 88649, 72185, 604

50, 13631.23918, 609

10.025 .9,296 ;

256 :

461 !31,182 :16,091 :

7,255 '10,046 j

32,159 I20,906 i4,518 !6, 598 i

7,4596,886

571121,80540,06981,049

43,311 i26,299 !16,890 s

10,119 !9,383 i

263 i460

32,075 j

15,9095,584 :10,414 :

31,650 ;21,9433, 1026,493

7,4776,920 i

555 ;

108,434 :30,698 '76,522 ;

36,72221,29315,226 '

10,1349,412 )

252 1458

29,009 !

16,995 j2,205 !9,669 j

30,250 i22,422 !1,621 I6,122 |

7,4436,912 i

529 i95,843 I21,403 ;73,187 i

30,51716,372 i13,957

10, 154 :9,442 |

242 i459 1

26,792 i16, 107 !1,246 i9,268 j

28,387 ;

21.425 :' 985 i5,893 •

7, 422 ]

6,896 .524 !

93,287 I17,775 174,355 j

28, W0 I14,09.3 •13,897 j

10. 1759, 461244458

25,31014, 780

9, 463

27, 07520, 265

8025,911

7, 4626,941520

95, 55916, 14177, 741

27,91013, us14,582

FOODSTUFFS AND TOBACCO

4. 0014, 300

r». 70i». 176

70

•j. o'iii

136

4, 92 ]$, 112

l .*J .51 1, 1

1 {

-•11 9 i-•10 30 >

44 JOu6, i'«

4 J 1

4, 2J74, IV.

11 Off1 1H

5 IO, 60')

7, 07 I8, VO

100 I"6

4, >_'

1 > 7012 007

10">, Vi (b o i l

3,68'

1-!, 1S1 (> )

10, i

It, Jf)614, )Ub

370

7 7011 2**8

K 5, 01*5

1 n)23 2i'i

7\ 9.6

6, r 17

512,3<<i

10 021

). "CO82

i( () 00*

2 679

8 JTN

7, .'4 .

12 J139, h<) 112 721 15-J, Hn 127

5059

597

5680

576

101130511

312534

512

3,4783 23S8 0(JI*

l i MG

( 2 $' 11 0")

0 7))6,« 1 )

170, ^ 'o

3 4i)22 S '(

2 0» 1

J81424

506

4, 3SJ3 hOO8, 391

13,1818, KM)

10 306, H.O

61"173 278

3 isO2 b'/l

30, 55)5 (.71

1,SS"6 2 *>

1720

532

", 1091,177'), 10

(7177 8'

10 2.i»8 i"<,

4518

556

;o8

39u!9

r Revised.tRovised series. Data on manufactured gas revised beginning January 1938 and natural gas beginning January 1937; see tables 24 and 25

Survey. Electric power sales and revenues from sales will bo revised beginning 1937. At present, revised data comparable with the 1940 figonly ibr January to August 1939.

", "945 S" {l»,0i8

10 6 T10.N711 sJt

4,2V

M 7fO12 t.11

li , i_t {

U\ 2'4

34101660

. 16 and 17; shown ab

7 M (> 757 i A 4 ^ t

,02 Oi2\ <»< "2! ,i>

" . 1 0 J J .

, 116

1b 2'.;

6(39 6K(;

, of t he M a y 1940iove are available

Page 44: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

42 SURVEY OF CURRENT BUSINESS November 1940

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

1940

Sep-tember

1939

temberOctober

| Novem-! Decem-ber ber

1940

Janu-ary

Febru-ary March April May June \ July j August

FOODSTUFFS AND TOBACCO—Continued

D A I R Y P R O D U C T SButter: j

Consumption, apparent thous. of lb__! 15u, 335Price, wholesale, 92-score (N. Y.). .dol. per lb . . j . 29Production, creamery (factory).thous. of l b . J 141,205Receipts, 5 markets do ! ^'). 7 5 \Stocks, cold storage, creamery, end of month |

thous. of l b . . , 127,971Cheese: i

Consumption, apparent do ; 6"), 700Imports d o. _ . . j 1,531Price, wholesale, No . 1 Amer. (N. Y.) j

dol. per l b . , 1 .17Production, total (factory) thous. of lb._ '•1.80M

American whole m i l k - . do ; 5o, ^75Receipts, 5 markets do ' 11. 7N>Stocks, cold storage, end of month do ' 14s. 010

American whole milk do ! 127,051Condensed and evaporated milk: j

Exports : jCondensed (sweetened) do ! 3, ioi?Evaporated (unsweetened).. . . _ do i Ih.017

Prices, wholesale (N. Y.) : !Condensed (sweetened) .-..dol. per case.- ' 5 ooEvaporated (unsweetened) do : M in

Production, case goods: ]Condensed (sweetened) thous. of l b . . \ <\ •'» 10E vaporated (unsweetened) do j 195, 011

Stocks, manufacturers ' , case goods, end of ;month:

Condensed (sweetened) thous. of l b . _ • 9, 5^0Evaporated (unsweetened) . - . do ; :> J, 515

Fluid milk: " jConsumption in oleomargarine do '• . .Price, dealers', s tandard grade.dol. per 100lb. . j 2. ) sProduction (Minneapolis and St. Paul) '•

thous. of l b - . - - - - - -Receipts: ;

Boston thous. of q t . . ! 20. :)HGreater New York do \

Powdered milk: jExports thous. of l b - . 79<'~;Production do ' 21, 7'>0Stocks, nifrs., end of mo do i 1 to, «•.?,«

FRUITS AND VEGETABLES I

Apples: !Production (crop estimate) thous of bu.Shipments, carlot no. of carloadsStocks, cold storage, end of month

thous. of buCitrus fruits, carlot shipments-.no. of carloadsOnions, carlot shipments d o . . .Potatoes, white*

Price, wholesale (N. Y.) dol. per 100 lbProduction (crop estimate) rhous. of buShipments, carlot no. of carloads.

41154,

8,

iI

* ;]89,12,

109854307

675.091.492

GRAINS AND GRAIN PRODUCTSExports, principal grains, incl. flour and meal

thous. of bu- .Barley:

Exports, including malt doPrices, wholesale (Minneapolis):

No. 2, malting ... dol. per buNo. 3, straight do

Production (crop estimate) thous. of buReceipts, principal markets doStocks, commercial, end of mo do

Corn:Export?, including meal doGrindings . - doPrices, wholesale:

No, 3, vellow (Chicago) + dol. per buNo. 3, white (Chicago) doWeighted average, 5 markets , all grades

dol. per buProduction (crop estimate) thous. of buReceipts, principal markets doShipments, principal markets doStocks, commercial, end of m o . do

Oats:Exports , includincr oatmeal d o . . . .Price, wholesale, No. 3, white (Chicago)

doi. per bu__Production (crop es t imate) . . . . ..thous. of bu . .Receipts, principal markets doStocks, commercial, end of mo .do

Rice:Exports pockets (100 lb.)Imports " .. . .doPrice, wholesale, head, clean (New Orleans)

* ' dol. per lbProduction (crop estimate) thous. of bu.

5, 789

74

. 5042

w*,o:iS, 106

11,071

2, -172'»! 074

s 80_'12,01711. IS1

1.21S '27:7, ('759, 1 11

217. I OS1 \ 106

150,310 I 147,955.28 | .29

150,337 ! 152,706.30 j .30

152,150.32

126,04053, 743

136,005 i.30 '

125, 26551, 276

132,260 I 121,595 112,285

63.909 | 61,752 I3,698 ! 4,073

.17 | .1858, 575 I 54,400

.1841, 20030,44013,26194, 29575,181

.1653,00039,585 i 47,620 ,11,527 ! 11,73774,937 ! no ™a

.1586, 80067, 78012, 50787, 55573, 056

82, 70067,485 |15, 270

114. 3G2 i 138,04996, 143 ! 115,992 !

1, 194 ! 4. 589 |4, 550 ; 15, 068 !

4,368 3,479 j 2,354 j 2,228164,723 143,988 i 125,529 j 135,536

3, 504 3, 1693, 619 j 225,077

6, 157 i 6,730 i291,203 ; 260,722 I

5,074 i 5,244 !2.25 ; 2. 23 I

49227,87017,946

81537,507 |33,572 I

30,307 !11.910 i3,320 I

1. 981 ! 2. 095 I 2. 131 |

~792 | ~18,~793~|~~2l;~S79

22,ll!

823432963

208,

796782449

4, 948

8,372

709

.58

.50

13. 54619, 422

1, 8558, 094

.54

11

820

281

i909

.55

.50

744398

5, 5808 588

.48

.56

22,655 I11,534 !14,947 !

133

.36

12,52310.104

381.76537,528

. 010

.50

31, 60913,13527, 541

162

.35

6. 26114, 552

3015138, 568

.038

.51

26, 72315, 89338, 202

117

.39

52,619,137 i21,923 !

9, 46945, 851

81

5, 63213,199

89, 92658. 305

.41! 937,215

4, 75612,054

107,17932, 127

.0383 52,305

12,6118.125

42, 307

.42

. 58

" 13." 126 |

4o', 575

154

.43

"ll,"

39!

996955704

228

11.9.34,

690633142

57

13,17.24,

116316016

83

.43 l .43 I .41

23,41114.3*925,419

I1 0 5 j

.35

4,327 i2.979 |

247, 142 !19,072 I

.039 !

4,9267, 867

316, 77423, 636

4, 7517, 539

292, 27840, 905

4.178 i6.204 !

287. 51727, 572

.039 i .039 | .038 j

3,0264,619

289, 562 j59,860 |

,03S !

1,9123, 130 2,769 !

294,632 i 240,43,357 I 22,

.039 !

135 !711

.039

13, 2S78,395

190,20952, 240

. 040

' Revised.1 Production in commercial areas: not comparable with earlier estimates of total crop or commercial crop.2 Revised estimate.3 December 1 estimate.4 October 1 estimate.8 No quotat ion.JFor monthly data beginning 1913, corresponding to monthly averages shown on p . 105 of the 1940 Supplement, see table 20, p . 18, of the April 1940 Survey

Page 45: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

November 1940 SURVEY OF CURRENT IH'SJNKSS

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

1940

Sep-tember

1939 1940

temberj October i Novem- i Decem- !

ber berJanu-

aryFebru-

ary March j April : May June July August

FOODSTUFFS AND TOBACCO—Continued

GRAINS AND GRAIN PRODUCTS—Con.;

Rice—Continued. !Southern States (La., Tex., Ark., and Tenn.): \

Receipts, rough, at mills Ithous. of bbl. (162 lb.) . . | 970

Shipments from mills, milled rice ithous. of poekeis (100 lb.) 1, nl'j

Mocks, domestic, rough and cleaned (hiirrms oi craned rice), end of month

thous. of potkf U ClOO lb.) 1. IK\Calitornia:

Receipts, donu fetic, roii^h.. basis (1001b.) 4;>8,s47^hipment from mills, milled rice . do > 370, W>^(-'Cks. roucrh and cleaned (in terms of

(leaned rice), end of mo . baa^ (100 lb.) 100, 797

<0\'l '»r*s. including flour thous. of bu 239Vr.tv. whuledaK Nro 2 (Mpl-O dol. per bu . UProdu' lion ufrop "stimsitoi ._ . thous. of b'l i 3 37,452RecfipL^, pnneip il markeis . - do ! 1, r>20Mock?, c iinuiorcial, end of mo . .. do \ 520

Wheat:hw.iMv'.r«.nro ... . doFA puns

Wlst only

flour

v<, i, i ) i r k N o r t h e r n S{ r i n g• M i n n e a p o l i s ) do ) , pe r b u

N . 'J, IvO'l W i n t e r (^ t . L o u i s ) . . . d o\ • J, II m l W i n t e r ( K . C > . . d o*\ »!„!!'( d a \ . , i5 m a r k e t s , al l g r a d e s do

I ' r ' d ' M i n r , K i " p I ^ I . } , t o t a l - t in . i i " . of b uJ p n n L \v»u \t . . doW i n t i r uhe.iT _ d J

Si '-f ini ' n t 5 , j , ; uj<.ip[)l mark« 1 - d<>S*' cks , «Mr,l \>f m- i r . tu :

' \ T a d a v< ".nw.dian v. h e i i i do1 -il 11 • 1 Slj,1«\>, t ' - ta l . '!')

o i u i i i ^ r c u l - . do .< "'.:iMt.-y i i i ' l l - UP i tlcNuti-r^ - . . ' lo .M"ro t i int I IMJN . . . . . . «:>> .

1>P(i ofwln-.it

j1,11011-*. of bbl

- do .. . Jhous. ofbu

M-uid .nl patent'? I'M pis.) - dol. per bbl"VVMIIIT, siraicht (K» us is C i l \ ; 1 d o .

Production:{ lour, actual (Census) thous. of bbl _

Op-, r r ions, peiceiu of capacity .r;<,'ir < Russell-Pearsall) . . _ . thotis. of bbl iOlYil v<'"n^is) - -thous. of 11'

^; x ks. tola! eii'l of month iRi^seIl-Pcarsali>thous. of bbl

fi. M o : insll, (Census) . . . d"

4.31.1 S«

10, 20 j

1,805 ; 2,360 ; 1,375 I 679 ; 866

1. 146 1, 122 l,0>.* ' S57 1,129

982

1,108

967

1,041

919

1,706 3,02(.t 3,410 3,282 3,079 , 3,017 i 2,994 2,890

844

1,135

2, 632

366

954

2, 084

283 ;

748 I

351,770 167,793 89,892 97,273 | 154,940 : 293,569 j 328,769 387,539 i 231,879

. 53

3, 1609,«o7

206.612 '

123,60;;

5H.057

2,05310,577

65, 521

574. 503

0.51

1,2959, 951

68,417 140,976

^45.331 458,505

88 '.70

, : , , , i91,480 | 97,009 j 141,744 167,697 | 196,394

37,830 j 445,605 | 455,143 | 455,525 | 358,843

.67^ 30, 21 *

2,07')10, 510

79.67

272.67

90 |.70

1.76810,212

\675. M0

. ^6

. 90

4,62'» 4,1731,"I01 1,152

.88

.80

. ','2

.86

!, 1 5 2. 650•V»7 ' 608

i.o.: 1.051.04 1.05.!'& 1.01

1. 00 1. 02-7H.O71

1,455 ! 1,47810,120 | 10,138

| 176,936

3,816 ! 6,7281,430 j 3,704

1.44810. 0 V*

112.59

1,3249, 912 0, 100

15 3, ,sM)

319,168148, 390

367,7

160, 879

473, 481

(0

687 I9,037 ! 9! 142

3, 8371, 833

1. 041.06

1.01

1.04 , 1.081.06 • 1.111.02 ; 1.061,01 i 1.06

2,239227

1.011.04.95.97

1,835632

3.686 i 2,9761,876 : 934

. 69

.73

21,495 16,856- 56 >, 4.11

14, 9.)6 13, 0s6 8, 834 7, 403 8,659 ! 9,459 ! 18,525 I 12,780 \ 29,319 1 21,442

271 Ml 335,367 310,2"6 310,815 301, Tit7\)\^\\) . fill (»Ul101.'JS7 151,015 111,986 132^12 ll'».OvUJ55, Sfi-J .__ . J 12\^!') .137,332 _ 111 2Uh>, 0."s . . . . 23>\ 9 5

292 090 : 288,391 ! 280,625 258,939 257,131 i 255,175 ! 272,3601 437,968 i 297,542 ! • .„

110, 7».l 105,401 i 105,595 ! 97,670 I 87,327 ! 160.150 i 180,05280,817 ! I . . . I 33,730 i ! . . . . ' . . . .94,266 • I. ___j 90,964 j !

157, 484 ! ! i 85.521 1 J . _

11,279f»G9

51,101

5. 76

11.19175. y

12. 118S'JO. 697

.:. 500i, 018

13,025

5. 584. 20

9, 42861 5

10,779

7,944579

37, 770

8 298oh. 3

8, 929

6 ii", 14i>2

30, S4S

u 17...01

8.11955.0

h, ."23

9, '^ 1Ml

6.02 !

4.80 ;

8,649 I56.3 :

8, 2 5 i50^

36, 1U)

5.66 I4.73

8,025 I56.4

8,338 ! 8,227

9,243 ! 8,411

64337,812 ;

5.70 !4.79 ,

8,320 l

54.1 :

8,581

42737, 632

4.86 I

8.269 i53.7 j

8, 454

5,778 I428 :

38,694 j

5.32 j4.55 !

8,514 !55. 2 !

9,603 !

5,756 ! 9,443 j 8,902256

35,079 !

4.64

4.19

7,68251.77,872

385 I 43538,921 I 40,474

4.483.84

8, 50455.19. 528

r 12.^1 655, 154 031 415 682,637 j 630,066 \ 657,156 : 656,277 | 673,073 | 614,992 | 681,823

710 f 175 6,000 I 5,700 5,3003,998

5,100 ,350 5. 5004, 193

5,200 !

4.17

3.71

8,88155. 69, 587

705,137

5, 450

( I

Rj

I

d

LIVESTOCK

'Mu'Vi^Um^.tsUHi o( 1 <•] u J l ( r

j - ' o c k r w (1 IK d d

' M W " . 1 , ; ' : " 1 ' " " " • " " ,iM l - , ' <•!! f (1

lu \ 1. r,

' ( , , t » p i l \ ( ] i i I i J K c T n

p O \ ' ( i l

' ( M i h t r1 •[,!]! um t i-"'< k( in 1 !i i 1 i

% '< s li h< \ \ v ' p <H _ K i n i it 10

b u ni t )iv pci c \ tp u (A 1 i m b s

e c e ' p ! - r n n lp J »n n k i t s \ls

\ n\\ ' ' i. h u r- l pi K t i ts , lot il

b l o r k r n u l l u d i r. ( » - ni , , i is<i>i a in ^ o 1

i * s d! i i , , l s

- k ( \ i » o d{ e s t h i n 500 IJ I I ' - IHIS .!.>< < < m b e r 1 ( s t i n i t c .«> t »bei 1 (st i i i . i t -»

I- Of

1 p l

Us o f

ol pc i

ot l u

' i^ Ot

n Mills.i

do._.Jdo _|U(V_.

100 l b - . j00 |

M.nals.i

do . . . ;

lu '

l i ,Mb._ |

c 1104s... i

mimais

do....!do....;

lo.) lb. Jdo....!

2, 175

1, 0331, 083

503

11. 5011.4711.53

2, 302

1.69260136

0. 59

9.9

i., 523

9541, 530

010

3. 838. 54

2,117 :

1,019 I1,074 !

546 :

10.23 !

10.0811.09

1,995

1,458 i534 !39 !

7.54

12.0 \

2,625 !

1,064 ,1,564 I

613 •

3.599.07

2,438

1,1241,270

743

9.8710. 0710. 78

2, 458

1, 82561737

6.97

13.7

2, 007

1,0751, 520

093

3. 859. 00

1,912

963973549

9.039. 809.75

2, 847

' ('•>:>

40

5. 95

12.5

1, 907

944984429

4. 398.84

1,404 :

833 i572273

9.5910.00 i9.00 ;

3,331 !

2,482 ;849 .46

5.15

10.0 \

1,514 j

848 ;

671 !141 !

4.33 ;8.38 :

1, 565

997 !548 ;200 ;

9.40 !

10.44 i11.50

3, 772

1* 00747

5.25

9.7

1,728 i

1,071 i653 ;119 !

4.008.00

1. 247

810I.}}

9 t>"10 :>.i10 17

2, J22

J. ' • ; !

43

4. 93

9.1

1,424

863 :55984

5.098.00 ;

1.359

l ib ..215 '

9. 'W :l i . IH

2 , 7 1 0 \

1,'»-)1 ;

71'J4'J '

1.91

8.7 •

1,440 j

824 !

62089 j

5.539. 04

1,554

974 •508244

9.46 I11.229. 93

2, 595

1,808 !

71343 :

5.46 !

8.4

1,876

1,046 i828 1156 ;

5.10 \9.07 ;

1,576 ;

936 1631263

9. 8310. 8911.31 |

2,674

2,005 i660 :

48 \

5.00 i

8.4

2,002

1,077 i917 -109 ;

4.109.03 '

1,462 1

858 i594 !216 !

9.69 !10. 33 I9.59 i

2,650 !

L927 i718 !33 !

5.04 i

7.6

1,687 j

915 !779132 '

3.84 :10.16 i

1,737

991 1

307 !

10.44 !11.02 '9.85

2, 259 \

J, 598049

33

5.99

9.2

1,894

972921 :214

3.45 !

9.14

1, 785

939833401

11. 0011.3310.41

2,177

1,497077

37

(j, 23

9. 2

2, 068

8701, 188

383

3.508. 75

Page 46: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

44 SURVEY OF CURRENT BUSINESS November 1940

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

1940

Sep-tember

1939 1940

Sep-tember October Novem-

ber |Decem-

berJanu-

aryFebru-

ary March ; April ! May i June

FOODSTUFFS AND TOBACCO—Continued

July i August

MEATSTotal meats:

Consumption, apparent mil. of lb_. 1,108Exports do 16Production (inspected slaughter) do ; 1,051Stocks, cold storage, end of month do j 061

Miscellaneous meats do j 58Beef and veal: j

Consumption, apparent thous. of lb_.| 457,303Exports _ do j 1, 280Price, wholesale, beef, fresh, native steers I

(Chicago) dol. per lb__! . 102Production (inspected slaughter).thous. of lb__! 453, 073Stocks, beef, cold storage, end of mo do ! 30,359

Lamb and mutton: iConsumption, apparent do | 57,060Production (inspected slaughter) do > 57,921Stocks, cold storage, end of month do j 3,412

Pork (including lard): jConsumption, apparent do I 053, 443Exports, total do____! 13,854

Lard . do. . . . ! 9,050Prices, wholesale: j

Hams, smoked (Chicago) dol. per ]b.J . 183Lard, in tierces: j

Prime, contract (N. Y.).__..._. do . . . . ! .055Refined (Chicago) do ! .071

Production (inspected slaughter), total |thous. of lb. .! 510,4V)

Lardf do . . . . 81.310Stocks, cold storage, end of month do 5f>3.3:«

Fresh and cured . . do • 3-JS, 739Lard . do j 23i..;.9!

POULTRY AND EGGS ;

Poultry: ;Receipts, 5 markets thous. of lb. . ! 34,087Stocks, cold storage, end of month do \ 90,440

Eggs: ;Receipts, 5 markets thous. of cases.- 799Stocks, cold storage, end of month: i

Shell thous. of cases,.' 0,039Frozen.... . thous. of lb. . j 130,021

TROPICAL PRODUCTS j

Cocoa: IImports . long tons..! 24,935Price, spot, Accra (N. Y.) dol. per ib . J .0451

Coffee: |Clearances from Brazil, totaL.thous. of bags., j 804

To United States do i 708Imports into United States do j 994Price, wholesale, Rio No. 7 (N. Y.) j

dol. per Ib.J . 051Receipts at ports, Brazil thous. of bags-_j 549Visible supply, total, excluding interior of :

Brazil . thous. of bags.-j-.United States do . . . . | LOW

Sugar: \Raw sugar:

Cuban stocks, end of monththous. of Spanish tons..! 1,508

United States: ;Meltings, 8 ports long tons__! 308. 340Price, wholesale, 96° centrifugal (N. Y.) \

dol. per lb_^ | . 027Receipts: From Hawaii and Puerto Rico I

long tons. -; 1 '2"\ 250Imports, total? do.- .J 143,034

From Cuba? . do : 90,980From Philippine Islands? do ! 52,041

Stocks at refineries, end of month, .do 112, 105Refined sugar (United States):

Exports.... do ; 7, 420Price, retail, gran. (N. Y.) dol. per lb. . > . 050Price, wholesale, gran. (N. Y.) do ; .043Receipts: :

From Hawaii and Puerto Rico long tons.. ; 1, 109Imports, totalt . do i 35,298

From Cubat do 29,711From Philippine Islands? do 5.57!

Tea, imports thous. of lb.. 7. 783

MISCELLANEOUS FOOD PRODUCTS

Candy, sales by manufacturers.-thous. of dol. . 28,409Fish:

Landings, fresh fish, prin. ports..thous. of l b . . 44,021Salmon, canned, shipments . . cases...„Stocks, cold storage, total, 15th of month.

thous. of lb_. 85,5(i8Gelatin, edible:

Monthly report for 7 companies:Production do L 100Shipments do 1,399Stocks do 5, 701

Quarterly report for 11 companies:Production do 4.700Stocks d o - . . . S, G00

1,13240

1,00547859

503,3572,042

.100495, 807

36, 917

62,51763, 030

2,965

560,582 !

33,84824,693 |

.206 j

.083 I

.104 !

506,340 Ir 85, 337 |379,020 I300,226 I78,794

1,16931

1,162452

! 58

494,208; 1,540

i .152! 499,306| 49,242

i 61,608! 62,147j 3,499

I 613,248! 25,700! 19,091

.071

.083

600,505r 99,520341,393272, 65568,738

1,15737

1,285 ,56269

1,15642

1,410

1,27364

1,482977104

457,231 j 438,167 ' 481,4101,269 | 1,531 ! 1,325

.150 ! .166472,202 | 445,23467,672 76,974

.102475, 57878, 573

1,05461

1,2141,093107

424,1741,707

.150415, 20774,708

1,13230

1,1651,100

101

1,16728

1,1331,031

87

425,409 ! 467,4861,325 j 1,491

.159 ! .166419,498 453,50872, 560 62, 020

58,391 56,791 ; 67,388 ' 56,124 j 54,871 i 57,30559, 088

| 4,187

I 641,838! 33,008| 25,706

.185

. 067

.078

J7, 5554,803

660,95736, 30818,917

.176

.070

.077

67,132; 4,412

i 723,992! 56,576| 27,9S8

.066 I

.073 !

56. 2814, 48S

573, 24652,81525,133

.173

.067

.072

I

753,588 ! 906,801128,419 i' 172,131421,227 ! 631,564332,272 | 469,45988,955 I 162,105

939,102 ! 742,054178,395 k140, 979

' 907,293650, 653256, 640

790,776588, 601202,175

!

30,101 i 37,22463,164 ! 79, 228

788

5,430121,471

13, 707. 0610

81,135127, 649

77,806 32,937167,643 I 166,962

3,104

619

519282

1,87,

608

580802

27, 215.0537

28,366.0517

803

53272, 279

17.032. 0588

1,632 ! 2,088 I 1,596 ! 990917 j 1,317 : 862 ! 485

1,095 ! 1,469 I 1,500 ! 1,511

.052 j1,523 i

7,918643

.0532,058

;, 334846

.0541,712

8, 163930

.052 i1,265 i

8, 0591,213

954

22, 951. 0561

1,156573

1, 225

.055949

7,662994

1,294 [ 1,082 j 804 624 520

376,814 ! 337, 292 ; 247, 328 ; 244,004 ' 270, 474

22, 671144, 759

1,017

8138,070

30,917. 0538

1,384608

1, 228

.0561,319

7, 044944

1, 183

54,6774,257

651,336 !25,356 I20,654 |

.168 |

.063 |

.070 |

690,346 i•130,199 I'921,510652,733 I268,777 |

56. 6573, 580

642, 69623, 80618,849

.168

.060

.072

622,544 •'113,315 :

878,008611,956266, 052

22,054 19,889115,442 j 86,226

1,20021

1,2001,010

77

484,1431,366

.170467,179

53,193

56, 64756, 5673,463

659,45918,66414,889

. 060

.070

• 675,942<r 121, 956; 876,5121 592,575! 283,937

26, 04276, 904

1, 144 !19 i

1, 177 i1,034 i

79 j

1, 15235

1, 122 i974 i

441, 163 ; 479, 4931,323 j 1,070

r 1,22817

1,06s' 790

07

480,7231,403

.105 i .170 .183429,851 I 471,490 j 409,808

45, 972 i 42, 004 j •" 35, 603

r 52, 427 • 54, 88052.245 i 55,0193,254 ! 3,342

I650,297 i 617,90015,820 ! 31,47212, 097 i 28, 239

' 57, 57957,457r 0, 192

0*9,59414. 15S10. 181

.060 |

. 065

094. 535•121,511905. 290598,522306,774 |

•064 j. (>;9 J

I,000

595.749 I 541,180' 103,983 I ' 90, 525851.890 '689,854548,088 '417, 5(14303,208 \r 272. 290

28. 212 I 20, 892 32. 987

1,734 j 2,238 i 2,369

5,980123, 793

82,336 | 82,415

1,682 ' 1,274

854 J 3,34144,199 j 79,454

7,513 | 784150,360 ! 154,947

14,805 11,.0556 i .0

1,162 j

1,443 |

.056 I963

7,251 i1,053 i

!,226

5391,274

.055 ;

777 I

6,740 I

2, 501

20,119.0553

1,342 i944 i

1,339 Ij

.053 j760 !

6,029 :1,018 ;

22,288 I.0495 I

703 !571 i

1,226 j

.053 !972 !

41,185

•82,178

943

7, 241

.0120

733000

1,393 | 1,148

.053 ! .051

997

2,260 : 2,021

289,291 j 333,186 i 339,755 351,029 330 779

.037 j .034 | .030

163,801 ! 137.264 | 122,525306,030 ! 171,326 I 05, 147240,421 ! 105,376 j 29,51159, 795 ! 48, 886 I 29,104

280, 086 ! 305,164 I 365, 491

8,997 | 18,995.064 i .060.056 ! .052

10, 72663, 97959,1204.7107, 307

3, 55016, 04512, 0963,2887,653

13, 409.056 :.048 |

1,284 :18,588 i13,948 :4,153 I9,953 ;

.030 |

91,012 i232,646 !

204,824 ;13,397 i

378,089

17,627 i.054 :

.046 I

.029 !

29 892

m i 020121,883

34, 055413, 074

14,213.052. 045

.029 .028

117,576 I 129,878208,979 ! 211,027121,004 i 157,045

'1 , 107 ! 49,971

.028

156,155207, 784143, 329

60, 535

02s

129,000, 417

027

04 S'l2/2,017148 Stt

445,039 , 501,547 , 500,912 517,92s

8,499 : 15,41803, 229 ' 13, 90862, 175 , 13,072

915 89311,954 11,927

13,631. 051.044

25, 79024, 45222, 275

2, 1768. 863

15, 132 19, 001.051 i .051.044 : .044

3 \« 392O"0 0 '014 .OH

992

1,770 : 1,050

3 M) \J*> ' 31^ > 7

1U0 *H2 ] l-'i '

M. l t d 9" - "25^7 i J7 ' ~it t j t

2 " i l , \» T ;

28, 71035, 07331, 2783,7948.056

26, 24553, 87845, 6898,1788, 630

29, 115 ',45,794 i38,516

7,261 j4,921 ,

13.7 V,37 fob'\ ">. 273

24,242 ' 23,442 24,966; 20,297 18,012 19,338 18,210 16,212 15,953 12 20s

39,208 ; 38,411 . 35,848 : 32,049 20,1600) i 575,702 • 237,735 ' 190,787 346,185

79,383 83,290 84,571 92,431 78,503 62.622 45,592 34,835 33,756 ! 4" 17 3

28,380 25,298 i 20,344 26,603 ; T. '8°,399,199 : 198,816 : 603,249 86,061 ; 20*. ^27

h5.

978387080

1,],4,

400509970

1,1,558194335

1,1,811531

010

1,1,o,

970559033

4, 114 6,3507,974 8,844

1,924 1,949 2,029 1,688 1,5*71,571 1,618 1,737 1,711 1.0226,385 6,716 7,009 6,9S5 0,9."0

7,515 . . . . . . . . . 0.97110.2S7 10,302

r Revised.5 No t available.t Revised series; revisions not shown above will appear in a subsequent issue.% M o n t h l y figures beginning 1913. corresponding to the month ly averages shown on p . 113 of the 1940 Supplement , will appear in a subsequent issue.

Page 47: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

November 1940 SURVEY OF CURRENT BUSINESS 45

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

1940

Sep-tember

1939 1940

OctoberNovem-

berDecem-

berJanu-

aryFebru-

ary March \ April j May June

FOODSTUFFS AND TOBACCO—Continued

Leaf:TOBACCO

7,6446, 2391, 269

Exports thous. of l b . .Imports , including scrap doProduction (crop estimate) m i l . o f l b . .Stocks, dealers and manufacturers, total, end

of quarter mil. of l b . .Domestic:

0igar leaf doFire-cured and dark air-cured doFlue-cured and light air-cured doMiscellaneous domestic do

Foreign grown:Cigar leaf do_._.C igarette to bn ceo do

Manufactured products:Consumption (tax-paid withdrawals):

Small cigaret tes millions...Large cigars thousands . .Manufactured tobacco and snuff ]

thous. of ib . . I 28,729Exports, cigarettes thousands . .Prices, wholesale (list price, destination):

Cigarettes, composite price._dol. per 1,000..Cigars, composite price do

Production, manufactured tobacco:Total . .. _ - thous. of l b . .

Fine cut chewing do____Plug . doScrap chewing do jSmoking. ..... doTwist do I

14,890475, 725

285,106

5. 7604G. 056

45, 5766,491

2, 556

336192

1,9183

1493

28, 532 30, 4576, 724 8, 425

14,790 15,384 14,461486,865 i 551,230 505,098

31,2609, 478

1 1, 849

3,130

36,687 | 18,408 I 32,550 15,9126,174 5,285 5,159

310184

2,5013

\6117

3,329

402268

2, 5193

5, 79032,6166,770

18119

30,361 !714,576 I

5.513 !46.056

26, 326348

4,4713, 521

17, 503482

30,239 !433,967 I

5. 51346. 056

25, 749373

4,3703,827

19, 660518

28,436466,966

5.51346.056

25,614366

3,8513,415

17,467515

[ 12,803 14.568 13,163331,204 j 388,085 375,824

j 24,057 I 26,742 | 26,857607,719 I 616,661 j 576,914

13.021 14,820397,490 I 425, 140

i

5.51346. 056

22, 152323

3, 7633,196

14,421449

5.51346. 056

22, 970330

3,4843,591

15,165' 399

5. 51346. 056

24.049300

4,0353, 397

15, 836481

27, 550537, 206

5. 51346. 056

24,045335

3.8063, 363

16,(^7454

28,481509,420

5. 51346. 056

25,554362

4,2783, 507

16.949

20,9656,425

15, 5337,780

August

14. 3607, 329

3,019

378215

2,290

19112

16,275469,313

29, 924803,312

5. 51346. 056

' 26, 889512

4,3313, 539

18,004503

17,565 I 15,913435,029 I 460,523

27,660604,312 i

29, 333406, 076

5.513 | 5.76046.056 46.056

24.167367

4,1153,18716,082

416

26.

4,o

8874325219854C.0489

15,840487,641

28, 849639, 101

5. 76046.056

25, 933456

4, 2253, 80716,949

497

FUELS AND BYPRODUCTS

COALAnthracite:

Exports. thous. of long tons..Prices, composite, chestnut:

Retail dol. per short ton._Wholesale do

Production thous. of short tons.-Stocks, end of month:

In producers' storage yards doIn selected retail dealers' yards

number of days' supply..Bituminous:

Exports thous. of long tons..Industrial consumption, total

thous. of short tons-.Beehive coke ovens . do..__ |Byproduct coke ovens do(/oment mills doCoal-gas retorts doElectric power utilities . doRailways (class I) doSteel and rolling mills . doOther industrial ..do

Other consumption:Vessels (bunker) thous. of long tons...Coal mine fuel ...-thous. of short tons_.

Prices:Retail, composite, 38 cities

dol. per short ton..Wholesale:

Mine run, composite doPrepared sizes, composite - do

Productiont thous. of short tons..Stoeks, industrial and retail dealers, end of

month, total thous. of short tons ...Industrial, total do

B y product co ke o vens do |Cc merit mills . do !Coal-gas retorts do !Electric power utilities do \Railways (class I) do jSteel and rolling mills do... .IOther industrial do |

Retail dealers, total do ;

COKE

Exports thous. of long tons . . !Price, beehive, Connellsville (furnace) j

dol. per short t o n . . |Production: j

Beehive - thous. of short tons . . ]B y p ro d u c t do [Petroleum coke do I.

Stocks, end of month: \Byproduct plants, to ta l . . . .do \

At furnace plants do jAt merchant plants do !

Petroleum coke do____!_

4. 2774. 3.r)4

38,413

51,17742. 177

8, SGI578288

11,4105, 660

69014,6909, 000

79

4. 475

2724, 627

2, 058776

1,281

400 jj

10.64 I.

261 126

r 4,840 j

1, 172 |

47 j

1,525 |

24,980 I117 I

5,517 j503 j130 j

4,025 i6,492 i

766 i7,430 j

140 :

261 ;

8.45 j _

9.0314,919 :

9. 1603,936 |

1,219 I 1,365 !

57

1,746

29,519 j399

6,400 I531 !138 !

4,5017,450

9809, 120

158315

58 '

1,715 |

,04 |

10.83 .9. 156 ]3,862 !

614

149

9.501 I5,622 I

647

512 !

9. 5763, 546

372

121

11.309. 5843,773

128

121

9.3883,746

91

9. 2783,957

137 |

363

11.049.3334,367

506

9.

4,

329 ;

462 j408 1

953 1

9.r3,

1,

222

r)r)8775

104

30,243 I 31,031 j 33,183540

6, 457493140

4,4067,322 I1,055 !9,830 |

178 !293

4896,668 I

425146 |

4,683 |7,4611. 029

30? 130

111

372 i6.654 I

308 I155 I

4,902 I8,436 j1, 106 I

11,250

129308

510

28, 780242

5,676246141

4,2177, 328900

10, 030

110268

602

28, 538211

5,830337143

4.0297,288870

9,830

305241

24

1,231

26, 072360

5,632418205

3,5616,721725

8,650

37

2,081

25, 741166

6.000513131

3,6966,534751

7,950

93226

128243

40

1,948

24, 988240

6,184542124

3.8396, 199

6907,170

ioo !231 :

1,849 i 1,806

25, 877307

6, 603519123

4, 079fi, 391

7157,080

102 !258 :

? 27, 079442

6. 703'534' 130

4,341r 6,612

r 7917, 520

112281

9.37

44SH

271362465

4445

332436950

36, 94330. 2436,220

399250

7,9234, 338

57310, 5406, 700

95

750

r 3, 891111 |

2,812 I868 I

1,945 !668 i

41,919 |34.270 !7,250 !

442278

8.3705,050

64012, 2407, 750

71

5.125

2564, 527

165

2,600806

1. 794652 :

4.333 !4.428 i

42,835 I

45,542 !37,402 I8, 115 i

472 i271 !

8,858 :5,341 |

665 I13,680 !8, 140 i

52

5. 250

3464, 567

159

2, 607836

1,771647 .

4.322 4.320 I 4.3184.404 I 4.425 I 4.457

37, 283 ; 44, 940 l: 39, 105

4.435.

296395210

4 2754.29732 962

44,571 !37, 121 S7,993 !

444 !264 |

9, 119 I5, 529 i

692 !13,080 |7,450 !

37

5.000

3144,718

155

2, 561896

1,665 :666 i

40, 222 I33.592 |6,496 !

' 425 i239 j

9,069 j4,992 j

651 I11,720 i6.630 \

4.813

2384,707

116

2. 008842

1, 166628

39, 077

5,' 875444218

9. 1285,272

65010, 9906, 500

39

4. 550

1554,017

131

1,706784922628

35, 10830. 208

5. 305408200

9,2574, 660

5789, 8004,900

46

4. 475

1354,125

130

1,638800838624

35, 72130,521

5, 150463243

9,5144,526

56510. 0605,200

42

4.475

1023,984

139

2,016931

1, 085663

4.2654.230

35, 468

39, 20332, 4035,956

486248

9, 7984,602

53310, 780

6, 800

52

4.475

1064,244

152

2, 056955

1,101681

4.264 ; 4.2-il4.231 ' t.'J'iT.

32,340 i of,, 080

4 2.V.4..'.! I

39. 240

77

4.475

4,375 |149 |

1,803 !877 |926 I697 :

4() 4 ,

), 559 |>, 210 I

oo:» ;;. 900','.'00 ,

j

4. 475

2314,619

121

1,915846

1,069678

29 i003(\<MMI

2784,682

123

2,027807

1,219647

f Revised. J October 1 estimatetData for 1938 revised see p . 45 of the August 1940 Survey.

s Revised estimate.

Page 48: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

46 SURVEY OF CURRENT BUSINESS November 1940

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

1940

Sep-tember

1939 1940

Sep-tember October Novem- j Decem-

ber i berJanu-ary

Febru-ary March April May June July August

FUELS AND BYPRODUCTS—Continued

PETROLEUM AND PRODUCTS

Crude petroleum:Consumption (runs to stills)—thous. of bbl._Imports doPrice (Kansas-Okla.) at wells dol. per bbl..Production thous. of bbl..Refinery operations pet. of capacity..Stocks, end of month:

California:Heavy crude and fuel thous. of bbL.Light crude do

East of California, total doRefineries doTank farms and pipe lines... do

Wells completed number..Refined petroleum products:

Gas and fuel oils:Consumption: ^ j

Electric power plants thous. of bbl.. . | .Railways (class I)..__ do jVessels"(bunker) do j

Price, fuel oil (Pennsylvania)*.- dol. per gal... jProduction: !

Residual fuel oil thous. of bbL.LGas oil and distillate fuels, total do j

Stocks, end of month: jResidual fuel oil, east of California >

thous. of bbl...;Gas oil and distillate fuels, total do j

Motor fuel: jDemand, domestic thous. of bbl.. IExports! do |Prices, gasoline: i

Wholesale, tank wagon (N. Y.) >dol. per gal.. |

Wholesale, refining (Okla.)-- do iRetail, service stations, 50 cities do \

Production, total thous. of bbl._jBenzol. . _. do jStraight run gasoline do ;Cracked gasoline do •Natural gasoline do j

Natural gasoline blended doRetail distribution mil. of gal..!Stocks, gasoline, end of month: :

Finished gasoline, total thous. of bbl .At refineries do I

Natural gasoline. _. do :

Kerosene: ' ;Consumption, domestic do ;Exports do !Price, wholesale, water white, 47°, refinery I

(Pennsyl vania) dol. per gal_. jProduction thous. of bbl ;Stocks, refinery, end of month do !

Lubricants:Consumption, domestic do iPrice, wholesale, cylinder, refinery (Penn- '•

sylvania) ...dol. per pal. .|Production thous. of bbl. -\Stocks, refinery, end of month do

Asphalt: jImports short tons..Production do ;Stocks, refinery, end of month do :

Wax: ;Production thous. of 1b..;Stocks, refinery, end of month do ;

HIDES AND SKINS

Imports, total hides and skins thous. of lb_.Calf and kip skins. doCattle hides doGoatskins. doSheep and lamb skins do

Livestock (federally inspected slaughter):Calves thous. of animals..Cattle . doHogs doSheep and lambs do

Prices, wholesale (Chicago):Hides,packers', heavy, native steers, dol. per lb..Calfskins, packers', 8 to 15 1b do

LEATHERExports:

Sole leather thous. of lb.Upper leather thous. of sq. ft_.

Production:Calf and kip thous, of skins.Cattle hides thous. of hides.Goat and kid thous. of skins-Sheep and lamb . do.-.

4,059. 900

2S 293,0:10

173

. 0! 0

105, 5053, 235.960

108,168

37, 372189,34135, 781153,5601,652

110,9803,093.960

114,19886

82,71835, 533187,57936,922150,6571,786

104,9162,848.960

111,88783

81,11235,129191,16439, 427151,737

105,8352, 651.960

114,81081

80, 22335,478

195, 83640,033155,803

106, 5301,948.960

113,14081

79, 38035, 567

196, 40739,162

157, 245

1,4.3,

26,12'

649205061042

302975

I4,2

27.15*

71165025-i041

594017

1,820 i 1,892 I 1,578

1, 9504, 5023.497

. 039

101, 7662.244i960

108,66881

79,04736,110

200, 70440, 212

160, 4921.655

110,0792,866

120J

78,35,

207,40

166,1

96007581

440943407871536677

106,979 !3,368 I

.960 I116,045 I

82 !

78,86636, 000

214,32142,119

172, 2021,853

111,8174, 266

. 960118,283

83

108,237 I 107, •«...3,658 ' 3.771 '

.960 1 %n111,690 ' 11 J,-J4t '

8 4 MI

26, 249 I 26, 10930,018 ! 30.951

49,347 !4, 056

49. 6S73,291

1,4,3,

26,13,

24

30i172

6062400S3041

088757

018179

275441

1,4,3,

755

328400039

26,94414,

20,26,

43,

433

881374

694987

78, 3 ">935. 7S2

218,49245, 183 !

173,300 |

1, 4464,100 j3,082.039

28,082 i 24.6S016,548 | 10,262

.114

. 053

.13451,890' 225 |

21,833 j25,700 j4.132 !3, 237 j2,037 |

65,498 j41,423 !5,891 |

4,638 !500 i

124053130974259 I011023481358981

110510140

.0505,8069,952

2,207

080

.050

>, m

). 067

>,050

. 1062,8546, 704

4, 150550, 400475, 000

40, 32089, 584

, 575, 039

742800000

0S0147

.125 !

.052 !

.134 !5,691 !

!, 415 ji, 621 !,388 |,,286 |.,896 |

,619 I> 80S I1,579 |

>, 023 !503 i

.050 !i, 642 j

127050134351

22,01725,589

4, 4704,0181, 850

77, 30151,020

4,421

0.013031

.0485,8227, 576

1, S25

52,

18, 70421,057

40, 3702, 001

50,11 \

2 1 , 7 i V »

9 \ »J(iJ

" 4 ! 2 7 1

l", 0 4 -

f > ' \ 4 2 01 L 7 « .

7 012

5, 37,"

2 Oli

19,13019,015

143

20

261281350039

87016, 346

9794,1642,930.039

25, 37215, 260

21 s! 008 ,-2IV7M,47, 5'25 r t7, 0"171,473 I ;7l'.M-2,021 ' > KI.I

1,0191S

4.130 \.\M\3,212 I 2.912

.039 i . 0 ^

26, 5 IS I 25, W14. 51) J4. r .

19,16018,541

18,475 ! 19. l i t .20,310 I 23, 112

37, 557 44, 6071,848 I 2,021

.124

.044.131

51,230237

21,77424, 730

4, 4892,980 |1,812 |

20 400

4, ,7')

), o >r

\ 2J7

0",,)5, 'i 1"

47, 6831,730

. 123 i

.040 !

.130 |50,025 !

228 !23,082 I22,901 !

4.414 j2.7831,936 !

52.9(0

V.i? i52, K i

22 ' '(i24, sh

4, "s"3. 07 ~)2 , 1 •".

. 117

. 127

' 2034222 10

,4U\

96,407 !70,274 |

5,393 j

6, 273 !403 i

.050 :6, 570 \4,114 |

90,015 | 93. P i69,407 j 05 871

0, 112 ! 0,5W

5,02! ! 5, 2')7

.050 i6,2574,351 I

0,011

1,883 | 2,138

3,0,

3.391,497,

48,81,

799 :

455 !400 !

000

440 !309 S

. 184, 478, 142

3 , 1 "

8.303,550,

(122 i700 '300 ,

140G48 i

4,2(7,5^3.

4s.71

t.io200(K1O

41057."

. 1703, 3358, 084

800

324, 200090, 000

47, 32090, 373

.101 I . 1 MI3,280 l 3,31'8,065 | 8. 17M

400,000 ; 487.!)'")708,000 I 759,0)0

42,560 I 44,21096,910 | 103.2V)

30.110.'

LEATHER AND PRODUCTS

1, 25316, 1703. 00.15,45s

s 123, ION1,409

. 123

. 100

181,971

I

24, 5781,585

10,6114.0134, 807

427880

2,8851,635

,146 !

.211 !

54 |4,839 I

1,0781,8143, 0753, 768

21,3181, 5038, 8735, 0254, 517

482893

3, 5451, 585

. 105

.240

220•, 757

31,3001,980 i

13,002 !4,5708, 586

450837

4,4371,469

.140

.214

4464,623

33. 197 i1,461 I

16,828 !5,821 i5, 114 i

381773

5,2361,389

.144

2744, 109

30.3S3 !1,348 I

14,178 !6,094 ;5, 153 j

410 !827 I

5,350 !

1,598

.140

.223

2593, 685

1, 102 i1,928 !3,7073,939 !

1, 0571,9573, 3013, 429

13o

955 !858 i167 1950 i

1, 0941, 9703,6622,973

32,4211,055

16,2219,0174,071

378 !715 !

4,277 '1,313

.129

.214

7733. 214

9541.8923.2462,996

23, 8551,0059,6696,8363,997

22, 767623

9,0685, 9064,933

440 480721 ! 774

3,981 I 3,6101,260 i 1,355

. 120

.216.127.212

643 ! 3544,456 | 3,842

868 I1,700 I3.226 !3,04c !

1, 5663,4113,189

23,7161,1187,7505,7297,293

501790

3, 8901, 420

. 123

.214

4562,902

9911, 5903,2473,328

28, 5211, 085

16, 4015, 5763,919

437738

3,8861,378

.105

.187

922,701

936.1,4523,0742, 852

22H. .Ml47, (>"o

., 212>, 101

200

..000

"10

" j ti.'i8

2J. i.'D

1 ("i1.

2 , l i i - 1

1 i...ir., \')2

M i

r Revised .*New series. D a t a beginning J a n u a r y 1918 appea r in tab le 36, p . 14 of th is issue.fExpor t s of motor fuel revised to inc lude n a t u r a l gasoline and benzol; revised da ta not shown in the Sep tember 1940 Survey will appear in a subsequen t is:

Page 49: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

November 1940 SURVEY OF CURRENT BUSINESS 47

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

1940

Sep-tember

1939 1940

Sep-temfcr O c t o b e r Novem-! Decem- j Janu- | Febru-

ber ber ary aryMarch April j May j June j July

LEATHER AND PRODUCTS—Continued

August

LEATHER—Continued

Prices, wholesale:Sole, oak, scoured backs (Boston)

dol. perlb__|Chrome, calf, B grade, black, composite j

dol. per sq. ft--!Stocks of cattle hides and leather, end (if month: I

Total thous. of equiv. hides._ I..In process and finished do \.Raw do ;..

All

Hid moccasin.-' for hon^ew earIhous. of pairs .

fuotwear . . .do . .

0. 300

. 440

LEATHER MANUFACTURES

Gloves and mittens:Production (cut), total dozen pairs _

Dress and ^emidress .. - . . .do .Work . . . . . . . do . .

Boots shoes, and slippers:Exports,-_ -_ .. . . . thous, of pj.irs]'rices, wholesale, factory:

Meii'h Mack calf blucher . ..del. per pairMen's black calf oxford, corded tip . do _Woman's colored, elk blucher.. . . do..

Production, boots, shoes, and slipper;-•'loial - . - -_ thous. of pairs .

Athletic . - . . . . . do . -All fabric (satin, canvas, etc.). . do .Pur' fabric and part leal her do .l!ij:!i and io\v cut, leather, total .

Po\s ' and youths' . . .Infants' _ . . . _ . . . . .Misses' and children's .Aim's . do s.')( 4

12,7\<A

0. 348

.419

0.374

.403

0.368

.453

0.355

.452 ;

0. 358

.456

0. 348

.455

0.345

.457

0.345

.466

0.344

.469

0. 340

. 455

12,653 \ 12,556 i 12,727 \ 12,997 j 13,029 j 12,8878,867 ! 8,846 i 9,042 ! 9,276 I 9,357 \ 9,203

12, 5788,911

3,786 j 3,710 ! 3,685 •• 3,721 ! 3.672 3,684 ; 3,667

12,529 i 12,5088,730 | 8,8123,799 i 3,696

201,356130J0971.247

5. 754. 043. 00

36, S<)7

27U

2\> 993

3, OX!K, 592

209,026133. 362

75, 664

169

4.153.10

37.273442336678

29, 2501, 4772.1703, 7839, 568

12,252

6,283283

202. 00812."), 3'!')7'\ 64S

426

6. 004. 203. I?

32. i29

'213

2 4,f>'*61, J72l. 923

111, 4s981. 184i"A, i.Co

6. in)

3* 15

2S '.?'>'.23

L'J.'i'.tl

125,954 154,325 : 155,402 i 146,345 ! 109,671 ; 179,97270.321 88,956 '• 88,333 ; 81,355 ! 100,717 j 108,67455,633 65,369 07,069 ' 64,990 : 68,954 i 71,298

196

6. 004. L'">3.21

SO. 8S5271i l l

l.lh'i

h. 9V"I t . iMo

L, 2V,

316

6. 004.253. 30

285529

1,29931,32 4

1. 178

•A, SI69.09 4

15.31:-.

] ,>' / ' ),145

220

6.004.253. 30

34,55131!824

1.01S29, 538

1,0671,8'213,61 i :8, 337

14,700

2,288542

177

6. 004.253.30

31.056349915692

25,5561,0171, 7032,8257,588

12, 424

2, 880663

142

6.004. 253. 30

29, 479343965424

23, Mil

;. 4i911.015

C.. 004. 253.3«)

27, 905

22. 66s

2, !»50

0.325

.453

105

•». in)

i . 2 5

370

0. 305

.442

r 12,737 i r 12,027 i 12,509r 8, 891 ! r 8, 749 ! 8, 623

3, 846 i r 3, 878 i 3. 946

202

4. 2"i3. 3U

- 37>! t" 302

I.H-211 1, 7!«i

:'., 'Hi'.i

' 9 . \'i'~2

LUMBER AND M AXTL ACTTUFS

LUMBER—ALL TYPES

1 \ | ) o i f i o t i l ^ i x nKl l p r o d ' i f f

S u v e d t i i n J i iB > m ' s , p i iik , sf m t l n u s ( (r

I m p o r i s , t j il s i \ ni 11 p i o lu t->N a t i o n il f i i i i i b r v>fi^ \ w i

P r o h K t i - . , ] , t ) ' a l11 u iv \oo Is

•h ipm« P K V t i lJ l \r l\\(H I s

Softnof '««

I h n l w <Nh, ti ! .'

M l 1 ft

iloIoilo

i I

do

Maple, beech, and birch:Orders, now M bd. ft.. iOrders, unfilled, end of month do jProduction do iShipments do !Stocks, end of month . do i

Oak: |Orders, new do jOrders, unfilled, end of month do iProduction do jShipments ... do jStocks, end of month__ do ;

12 2 IM) i )d7 M\

2 \"\

4 1 )

7 I >»

SOFTWOODS

Douglas Fir: ]Exports, total sawmill products.. M bd. ft j 26, 888

Sawed timber do j 9, 385Boards, planks, scantlings, etc do j 17, 503

Prices, wholesale: jN o . ] , common boards. _-_dol. per M b d . ft.. I 23.030Flooring, 1 x 4, " B " and better, V. G. !

dol. per M bd. ft.! 42.140Southern Pine:

Exports, total sawmill products M bd. ft-J 22. 224Sawed timber do I 2, 368Boards, planks, scantlings, etc do 1 19,850

Orders, new .' mil. bd. ft._ | 888Orders, unfilled, end of month do I 603Price, wholesale, flooring..dol. per M. bd. ft..I 40.010Production . . . .mi l . bd. ft-.j 722Shipments do ! 855Stocks, end of month do i 1,681

Western Pine:Orders, new do ! 629Orders, unfilled, end of month do i 532Price, wholesale, Ponderosa pine, 1x8, No. 2, i

common (f. o. b. mills). . .dol. per M bd. ft.;Production mil. bd. ft__Shipments doStocks, end of month dor Revised.1 Discontinued by compiling agency.

29.71549539

2,051

100,IL

"> (>,

2

12

">71

S 4V)\

K i t

i,»)

JH

i lJ') 4; ,2•HIi 2 i7 ' ; "<* 12w , . ?

S45

102

2,

1,2

2-(j

2'92<>

<nsUrn

6hi

37/( ) s 6( ih

470l 4 f i

1407~(!f S 1

7o(,

tit1

7i

2,

12

1,~1,

t»h9

Oss9T)

2 ~>{ \

S2so92US414~ H>74

7 2 ), i

>,;1 7i)2

i

] ;

1«]

s 20t>5

2 3

H I , 2;

d42

Otj" t ~>

h t "

S i7% s

771 \} j

' •>

1

1,1

171-j

~i -{

27s1 .t " • )

M7, >>

4S(JSin320~Ai 10m7

, >

i i>

i ,i i4"),

; ;

11,

i

71

7° 4>rI To7 }

s r

_, \V)Shi34 sT J O

t 21S }5

o2,] tl i14

2

J2

171

•iOS0)9~noOsS

') 1

712( 9 9

7b0"( 1^2"741

79JOL/2

4 :i

2

12

171-

S80f) 44 t(

lf«954!

^ s211j )S

s7ibV,V2"i

21

71

j

]t

2

2"•] (

f,

0 »8

"31006

i42.4 4J98^(>")

r(;!')

>1 )X J 2

7 ) ( >

M i ,

1 i

» 210,

j

1r 2

171

Is >v()2

72 J

2 's' i t >

221• J l s

s,7~

~l x

S I I

h'^ 0 i1 ' SMi•N! ( )

71 I

^^ 1i ,

_ ' ) 1-, j

_ K

i ( ) j

\]

i>

11t)S

Ml

2

22

2

»• i

2'i(U)2' 270 1

•$ i ^

222i t

3iO211)J7 4( U7io

11,900 ;14,400 I8,600 i8, 700 ;

16,000 j

58,230 i64,77339.835 !44,816 '65,647 i

8,650 ;14, 150 !9,000 !8,800 i

16,600 |

38.72959,699 i44,750 |43, 73966,397 !

6,200 j13,000 i8,150 j7,050 !

18,050

21,89047,191 !42,497 !35,626 |7.1,603 !

4,800 \11,575 i7,000 I6,000 1

19, 125 |

25,692 i42.285 136,046 j30,599 |77,066 '

5,800 111,125 !7,150 I6,050 I

20, 125

44,622 156,980 !35,252 i29,850 i81.295 j

6,200 i11,250 16,600 !

6, ioo ;20,700 :

42.33866,205 !33. 43533,312 :

81,012

6,350 i10,6256,350 !7,025 !

20,035

39.658 I68,068 |35,260 137,69678,471

6,3509,900 i6,850 i6,950 !

19,700 ;

34,438 ;

61,242 141,190 i41,264 !79,397 !

6.5509,3606,420 i7,270

19,060

45,935 :61,461 '43,865 l45,716 i75. 139 !

/,s.0,7

18,

33,52,38,43,70,

( i ( » i

;H)D

4504 DO400

357512015127027

v . :'.."i>

W, 3 7 5".47,ii 's 750

17.350 '

Hi, 5s7 {

i 1, |-'7)S

• I L \\2 ,. i l , "}i 7

ni, 72.)10. MIDR. 177.9. 350

in, (iOO

f.5, s:i»',72, 557lh, 14^

7.2, i')^^

57. s7!f

34,280 |8,972 i

25,288 .

19.845 j

39.445 !

28,6645,287 I

23,377 |894 ;536 !

40.560 !625 !736 ;

1,907 ;

600 '415

26.81501 i489

1,977 i

23,416 I1,982 !

21,434 \

20.874 |

41.552

24,221 :

3,659 '20,562 i

061 j431 I

42.998 1670 i766 i

1,811 :

470 1377 ;

28.61 !492 !514 1

1,954 !

23,298 |4, 114 i

19, 184 !

21.070 I

42.140 !

23,332 !2,258 !

21,074 |545 !343 S

42.393 1647 !633 ;

1,825 |

302 1254 |

29.64430 j431 !

1,953 i

38, 97112,61926, 352

21. 070

42.140

19, 0634, 017

15, 046480306

41. 875611517

1,919

329262

28.99291321

1, 923

! 34,959i 14,556! 20,403

: 20.482

! 40.964

! 15,1441 3,489| 11,655

513! 3341 41.500

515485

1,949

325279

28.77215309

1,829

i 25,7041 8,424| 17,280

20. 090

39. 690

i 14,747! 4,518', 10,229! 503I 357! 41.798

545480

2,014

300282

28.86212297

1,744

31,103 •11,849 j19,254 |

20.090

39.200

12,838 :2,697 :

10,141 1572 !331 j

41.873 j621 |598 i

2, 037 j

354285 j

29.30 '279 I351 i

1,672 ;

33,243 i13,603 !19,640 !

19.698 i

38.220 1

18,348 :

5,83812,510 i

662 '348 I

41.662636 :645

2, 028 i

400 .'287

29.09 !389397

1,664

45,28821,375 :23,913 :

19.600 :

37.485

25,928 ;4,866 !

21,062 !672324

41.783659 ;696 i

1,991 ;

457304

29.02522441

1,745

29,078 :10,180 ;18, 89S

19.600 :

36.260

28,209 !4,341

23,868 i609350

40. 865588583 '

1,996 :

421 I300

28. 49541 !425 :

1,861 !

38,014 i10,771 I27.243

19.600

36. 200 :

27. *\s[).'. 5i*7

•Jl.ti'.rj7s\41n

11. ->30• •,]()

ti'.it1 , ' » 1 2

4!>r>326

28.01570469

i.yf.-j

37, 6279, 59f

28, 030

20. 825

37. 977

15, i>9(948

15,041931570

43. 047703801

1,814

653442

28.17618537

2. 043

Page 50: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

48 SURVEY OF CURRENT BUSINESS November 1940

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

1940

Sep-tember

1939

Sep- | O p j . n h p r Novem- Decem-tember U c t o b e r ber ber

Janu-ary

1940

Febru-ary March April May June July | August

LUMBER AND MANUFACTURES—Continued

SOFTWOODS-Continued

West Coast Woods:Orders, new mil. bd. ft..Orders, unfilled, end of month doProduction . do . . . .Shipments . do. _..Stocks, end of month do

Redwood, California:Orders, new M bd. ft..Orders, unfilled, end of month. doProduction doShipments . . .do... .Stocks, end of month __do____

655647607072865

!, 836>, 545,533

). 024>,622

FURNITURE |

All districts: jPlant operations percent of normal. _ j 71.0

Grand Rapids district: IOrders: '

Canceled percent of new orders..j 4.0New no. of days' production..i 28Unfilled, end of month. . . do j 43

Plant operations percent of normal..! 69.0Shipments no. of days' production., j 21

Prices, wholesale: !Beds, wooden 1926 = 100..! 77. 9Dining-room chairs, set of 6 do i 102. 3Kitchen cabinets ...do j 88.1Living-room davenports do j 87. 2

Steel furniture (see Iron and Steel Section). '

674570577632838

39, 72741,02730,29526, 772299,358

03.0

3.0 i23 i31 I

56.0 !19 :

78.1 :

102. 388.187.2

514521600609839

30. 78239, 09233,35832, 603

296, 462

66.0

5.02635

63.0

102. 388.187.2

513444579519908

22,00531,44531,20428,019298,397

463 i452 !516 i487 \930 |

17,749 I28,67827,883 I20,802 I297,976 I

7.023 I35 j

65.0 j20 |

77.9 !102.3 |88.187.2

25.26^27,23,

296,

67.0 ! 65.0

8.013 I26 I

67.0 i16

77.9102. 388.187.2

656507535521953

331517239793026

i

60.0

5.0 :

23 i33 :

63.0 ;16 I

77.9 |102.3 '88.187.2

522513529538961

546 i520 i601 j594 i976

21262921301

,544,416,105,957,176

63.0

29, 70432. 47228, 72727, 237

299, 227

63.0

8.0 !16 ;

30 !65.0 :

1 6 •

77.9102.388.187. 2

6.01525

58.016

77.9102.388.187.2

556517612606981

31, 45031,37131, 20731, 562

298, 317

62.0

10.01523

61.014

102.388.187.2 !

667425 !

' 596662926

29, 26326, 55531,31033,391294,231

62.0

7.01422

62.014

77.9102.388.187.2

531383610

Sll510549

63.0

4.0 !14 !25 |

62.0 !12 |

77.9 |102.3 I88.187.2

638920

29, 50027, 46829. 29328, 016292. 640

593900

27, 58625. 9012K 47729, 365289,079

60.0

3.0 !23 i32

57.015 i

77.9 i102.3 :88.1 j87.2 !

726623655664892

35, 96332,30!31,

283.

173156200907

3.02438

64.018

77.9102. 388.187. 2

METALS AND MANUFACTURES

IRON AND STEEL |

Foreign trade: jExports (domestic), total . longtons.. | l

Scrap doImports, total do

Scrap doPrice, wholesale, iron and steel, composite

dol. per long ton..Ore

Iron ore:Lake Superior district:

Consumption by furnacesthous. of long tons-.

Shipments from upper lake ports doStocks, end of month, total do

At furnaces do_ _ _ _On Lake Erie docks... do

Imports, total doManganese ore, imports (manganese content)

thous. of long tons.

Pig Iron and Iron Manufactures

Castings, malleable:Orders, new . short tons..Production do

Percent of capacityShipments short tons..

Pig iron:Furnaces in blast, end of month:

Capacityt short tons per day__Number .

Prices, wholesale:Basic (valley furnace) dol. per long ton..Composite "doFoundry, No. 2, northern (Pitts.) do

Production! thous. of short tons..Boilers and radiators, cast-iron:

Boilers, round:Production thous. of 1b_.Shipments doStocks, end of month do

Boilers, square:Production . d o . . . .Shipments doStocks, end of month . do

Radiators:Convection type:

Sales, inch heating elements, cabinets,and grilles .thous. sq. ft. heating surface.

Ordinary type:Product ion doShipments doStocks, end of month . ___do

Boilers, range, galvanized:Orders, new, net number of boilers..Orders, unfilled, end of month doProduction do. . _ _Shipments doStocks, end of month do. .

,221,052255, 608

2, 50856

5, 6729, 935

37, 09032, 432

4. 658164

49

53,07949. 804

61.445, 943

140, 620103

22. 50

24. 891,177

2, 3713, 851

12,513

26, 34040, 34293, 029

6.4159, 436

26,087

73,82132,11968,52269,01737, 963

575,613330,680

29, 8743,216

36. 67

4, 1857, 865

35, 85331, 2034,650

179

43

64,732 I41,427 !

50.5 i39,215

118,188169

21.5022. 3523.893,224

2,1814. 634

16, 010

20, 69635,593

105, 757

915

I

5, 2999,20928,133

133,38461, 49486,06988,58426, 960

591,856336,77519,1892, 305

37.62

605272,15,

555656216837

37. 50

600, 437206, 402

14,1,

3"

709267

.18

583,521 j187,457 |

8, 274442 !

|

37.09 j

671. 301234,7166,740

273

36.97

63.835 i 51,77854, 263 ! 59, 143

66.3 ! 69.649,807 j 54,038

!

135,033188

22.5023.1524.894,063

138,975191

22.5023.1524.894,167

2,688 i 2,2335, 445 2, 88213,261 11,905

20,925 17,27339, 869 23, 75186,890 I 80,391

792

6, 75410.38724, 543

98, 69251, 226110.988108, 96028,988

660

5,6477,824

21,424

80,26548, 99984,181 !82,492 !30,677 I

45,9'53,663 !

65.253,753

136, 702191

22.5023.1524.894,221

40,438 |53,372 !

64.2 !52,08S

123,990 !177

22.5023.1524. 894.032

1,418 | 1,4561,740 i 2,117

12,002 J 11,487

14,816 I 16,52516,227 I 15,44377,878 i 79,128

701 i!

4,474 i5,166 |

21,653 |

72,380 !44,21381,252 !77,166 !34,763

566

4,7354,173

21, 767

69, 40736,08679,56577, 53436,794

34,90142,163

51.743, 935

106.040157

22.5023.1524.893,311

1,6481,20711,935

20,61611,214

5,2719,20139,00533, 9445,121203

57

5.4785, 440

40, 73235, 5165,216304

°7

5, 5380

35, 44030, 8054, 635163

54

5,2890

30,18925, 9014,288209

39

4,2420

25, 96722, 0873,880237

43

663,980206,9285,096

29

612,906 i 783,964221,152 312,4836,674 7,759

482 | 33

36.83 I 36.69 i 37.33

36

35,730 i 35,29039,881 | 40,529

48.7 ! 50.142,975 ! 41,975

63

35, 56337,511

45.240,919

104,675152 !

j22.50 I23.15 i24.89 !3,270 i

1,602 |1,079

12,454 |

18, 7909,253

106,395 I 119,905157

22.5023.1524.893,137

2,2921,177

13, 565

17,90010,933

172

22.5023.1524.893,514

2,7541,334

14,923

20,92212,024

88,593 ! 98,121 105,043 114,032

936.047 11,034,938318,369 I 327,129

5,505 3,5<!21 I ' 152

37.6 37.63

4,0880

21, 86218,4123, 450167

3,

18,15,2,

935465106155951257

4,5667,245

19, 60316, 7172,886175

5,9

23.20,3

213487516428088162

36, 50334, 700

42.733, 323

22. 5023.1524.893.819

22.50 !23. 15 l

21.89 :

4,054 I

390 !

5,530 j3,135 j

24,222 I

55,026 |24,532 !66,03966,58036,253 i

505

5, 7013,19526,829

55. 33919,16159,31960,71034,862

431 !

5,6703,62628,896

51,06218,50751,01251,71634,158

091 !!

6,579 !4,539 I30,971

72, 72523,04868,81668,18434,790

768 j

5,697 i4,670 |

31,913 I

75,427 I31,158 !70,452 I67,317 i37. 925 :

[,402,075355. 991

2, 10516

37.70

5,524 i10.383 !28,244 j21,608 i3,636 i

249 i

5,10,32.28,4.

701480935708227194

45,025 I 52, 99438,872 I 48,926

46.7 I 58.834,226 : 43,216

131,360 | 131.760 | 137.500182 I 187 ' 190

22. 5023. 1524. 894. 238

1,697 j 1.449 ! 1,8481,613 j 1.G9S ; 2,732

15,009 I 13,477 ; 13.873

18,698 17,352 ! 26,18514,776 22,916 | 31.100

117.975 112,369 i 107,207

30,108 ,

85.139 !38,194 !77,879 I78.103 !37,701 !

7,1478, 193

29,168

64,83127,31576, 46775,71038, 458

r Revised,tRevised series.

1940 issue.

* Temporarily discontinued by reporting source.Data on pig iron have been converted from a long to a short tonnage basis; data for production 1 'inning 1913 are shown in table 38, p. 14 of the October

Page 51: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

November 1940 SURVEY OF CURRENT BUSINESS 49

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

1940

Sep-tember

1939

Sep-tember October Novem-

berDecem-

ber

1940

Janu-ary

Febru-ary March j April

1M a y June July August

METALS AND MANUFACTURES—Continued

IRON AND STEEL—ContinuedSteel, Crude and Semimanufactured

Castings, steel:Orders, new, total short tons. .

Percent of capacityRailway specialties .... .short tons.-

Production, total doPercent of capacityRailway specialties . . short tons

Ingots, steel:Productionf thous. of short tons

Percent of capacity.Bar->. «5f(i»I, col 1 finished, c ">r on, shipments

hI'r u ^ v\h(il(^i!e*

( oni[ o^ite, i)MNKujd sto< 1^ » n l billets, r( rolling {V t

t il -K I . I ir i1 ( Ii it t>-(1 Coijior ti

p«hoit

d* 1 per lb

p t r lor j h tMo ' n ih

j ' r : i n s i n

p \ i t"v -}<< ' st < 1 prod-. tho i i s of -1 ir t > i

cU Manufactured Products> ar d "run ^i". unwind , <

i-Clt (f ( .'« v1 ( n{-

. • ui oi P .

l, h<J i of

, rdfrs

1 un /

OrMil "

f i i U

Or

0 ' If ( , *HW

Or UMS, UTif-lV ',

bnc<it* d *HHO 1 v

Vi oi .

Putj

i ' i n k =1 ' u i t i i i '

1 urn ]( 1 pi

n ~

«["( i n I fub(

< f « n n t I >flo

J ' b f .H i d

K ( ts f( I l lP< n e n t of < i l v

ibnw- . til ort tons

00do!o

sliort ton>

< old r 'UrdMot rcl'od

! in p l i t c"W ire i n d wire products

] I al vvoil-, shipnu i.ts

NOXi FKRO! S MKTVLS \NI>P R O D I € T S

Metals •Alurniniirn:

Imports, bauxite - long tons.-*Price, wholesale, scrap, castings (N. Y.) ;

dol. per lb .JBearins; metal (white-base antifriction): j

Consumption and shipments, total :

thous. of l b _Consumed in own plants . . .do i.Shipments . .do '

Copper:Exports, refined and manufactures

short tons..Imports, total . . . _ . do ..

For smelting, refining and export. doProduct of Cuba and Philippine Islands

short lon«< .All other _.do

Price, wholesale, electrolytic (N. Y.>dol. per lb...:

Production: :Mine or smelter (incl. custom intake) ]

short tons..1Refi nery do \

Deliveries, refined, total do IDomestic do.Export _ do_

5.89592

A li>i0210

40, 850

. 0855

Stocks, refined, end of month

79, 02182, 84390,20090, 485

4 — 22f.do I 185,313

96, 68782.6

42, 21343, 590

37.212, 449

4,76972

119,687102.3

58, 53072, 096

61.626, 391

6,08091

99, 89985.4

52,14685, 755

73.336, 615

0,14892

64,14354.8

28, 26279, 732

68.133, 146

5, 82291

43,12136.8

8, 30280, 146

68.534, 019

5, 65582

40,91335.0

10,47267,454

57.628, 506

4,40969

36, 61231.3

7,18258, 404

49.922, 847

4,26564

41, 35335.3

8,84952, 078

44. 517,017

3, 97560

55,495 ;

, 0 2 6 1 I

34. 00 j

.0210 I1G. 22

j

1,087 !

/721, 204

73. 81,207

31

1. 7"2

1.3'il

11,

67,599 ; 67,977

,0263 i .0263

33,133

.0712

3,133741

2,392 i

35 00017,015

221

1104

(2)(2)

(2)(2)

3 1 00.021019. 05

1. i S1 012

1, 577

_ i *

1 V2 1

37, 7"10 • i

IS , 347 . . .»770 . . . .i 912 L__1628 | . . .J 210 ' . . .

i 2,035 i . . .J 6 5 . 6 ! . . .

J 170* 276 ii 628 !i 658 !i 770 !

4,916 i

45,000

. 0712

2,635789

1,846

26. S0615, 36013,012

1,464885

(2)

(J)

(2)

34.00 i.0210 S17.66 !

61,591 j

.0265 !

34.00,0210 I10.60

j

1.414 |

2'i

0, 640

57, 232

.0265 |

34.00 !.0210 S10.38 |

j1,140 |

46,277 ;

.0265

34.00.021015.75

45, 405

. 0265

34.00 I.02J0

44,6211i

.0202 |

34.00 |.0210 I15.88 !

50. 34643.0

12, 96750, 034

42.815,137

4,84170

43,654

59, 66150.1

20, 70450, 651

42.514, 483

5, 53386

44, 474

67,5

20,57,

417,

52,

0357.37707o;>(» i

<m.")('."

b4

.0265 j

34.00 |

10 88 !

{3(5 i

2 4

- . :i

s2 r'1, !""

•1

i - ~

41 1

1 1

>0s

t' s

12

A9

i'", I

70152',

2 0'C

2 4_1

475

2. I I 1 'I I s "

34.00. 021018.19

1,210 I

1,0'iSt>.{ i

1,1 H247

1 701 j

1.2"22. l*-0

31.00( • ' 1 0 !

17. :c. I

01. H

00, 3.V.5'I. 7

21.1M1

34. U-

" . >: {

2 i ^

' 1 IS7» 1,1^4x i (14-

i 2 yr»

' 24 S» 151* 869 i» 809 !

i 1.013 !6,708 ! 0,762 j

12'. 2>* -'

2ro..::

•> — ,

I S s

2 9. S*> '•' 939i 846i 8701 f,27

» 2 321i 71. S

3 177 'i 309 |1 537 i1699 !i 793 !

8,446 :

J'*K Si

17'j

2.814

I'-Vi2 to165580' .

oi.i i

52 i77 !

174235 :•236 j

7,054 !

i«'. 10Sr.,5P0 !

2'.0 T1^

173

3. 2S7200 ;295 .281 '146716 !

65.9 !

45 :99 i

210 I248 i274 i

7,276 !

I f . j l ' f

j[u 7",

r>\ ."• ()

32'i ' "117HS- j i )

"1 2

1 i l

2HM0

54, 801

. 0950

2, 450794

1,661

41.04'.'I".9:i7i7,4*;i

1,3041.122

. 1228

(2)

(2)

33

3

58,826

.0950

2,034 |034 {

1,400 :

(>2, 5052-J. ."1") '27. 072

1. 30."47s

. 1228

408.775 :

379,841 i536,899 J457,315 I79,584 i

159,485 !

50,458 :

.0948 ;

2,322 i072 ;

1.650 ;

63,775 :31,558 ••29,869 j

1.688 I

.1195

89,59880,501

104,545 :91,428 i13,117 i

135,441 I

54, 651

.0925

1,749 :429 i

1,321

40, 74530,538 !28,698 ,

1,020 1814 i

. 1115

76,14582,761 |72,809 i63.215 i9,594 |

145,393 j

53, 024

.0913 i

1,955514 :

1,442 •

39, 27322,55422,485 :

60 i2 :

.1116 :

85,796 ;86,295 !71,893 !64.376 !

7,517 !159,795 i

33,449

.0803

1.6G4475 :

1,188 ;

25,49430,550 !28,134 ;

2,101 !314 !

.1109 ;

8 4 , 3 6 6 ••80,964 I71,639 !68,665 i2,974 !

169,120 ;

43,110

. 0S65

1.923363

1,561

35, 42228, 53227, 953

10569

. 1108

82,6S286, 02976, 48569, 467

7,018178, 664

44. 923

. 0800

' 5051,400

2101114, 3.-S3

1. lf»77, 509

.1113

79, 84586, 07705,15561,710

3, 439199, 586

45. 117

. 0902

2,238620

1,019

17'iinj)

4, is")

. lUoli

79,32790, 99574, 75871,220

3, 532215,823

o

1,

20.

. 3

79,80,97

198!

7v~

S3S

34 SS7("471

IA

] >

1)71

85194438350!730

2 Monthly data not available. 3 Total for August-December.r Revised. l Quarterly data; monthly reports initiated April 1940.4 Negative figure resulting from deductions of tonnage erroneously reported as exports in prior months.* Temporarily suspended by reporting source.§Monthly data beginning 1929, corresponding to the monthly averages on p. 132 of the 1940 Supplement, appear on p. 18 of the April 1940 Survey.• Data are for 6 manufacturers beginning January 1940.fRevised series. Steel ingot production and steel products, production for sale, have been converted from a long to a short tonnage basis; data beginning 1913 for steel ingot

ion are shown in table 26. p. 17, of the May 1940 Survey data beginning 1933 for steel products appear in table 45, p. 14, of this issue.producti'

Page 52: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

50 SURVEY OF CURRENT BUSINESS November 1940

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

1940

Febru- iary March April May June July August

METALS AND MANUFACTURES—Continued

NONFERROUS METALS ANDPRODUCTS—Continued

Lead* Metals—ContinuedImports, total, except manufactures (lead con-

tent) short tons..Ore:

Receipts, lead content of domestic ore. .doShipments, Joplin district? do

Refined:Price, wholesale, pig, desilverized (N. Y.)

dol. per lb._Production from domestic ore., -short tons..Shipments (reported) doStocks, end of month do

Tin:Consumption of primary tin in manufac-

tures long tons..Deliveries . doImports, bars, blocks, etc . doPrice, wholesale, Straits (N.Y.)..dol. per lb . . |Visible supply, world, end of mo..long tons.. j

United States (excluding afloat) do iZinc:

Ore, Joplin district:? jShipments short tons..Stocks, end of month do

Price, wholesale, prime, western (St. L.)dol. per lb-_

Production, slab, at primary smeltersshort tons..

Retorts in operation, end of mo number..Shipments, total short tons..Stocks, refinery, end of mo do

Miscellaneous ProductsBrass and bronze (ingots and billets):

Deliveries short tons..Orders, unfilled, end of month .do

Plumbing fixtures, brass, shipmentsthous. of pieces..

Radiators, convection type, sales:Heating elements only, without cabinets or

grilles thous. of sq. ft. heating surface..Including heating elements, cabinets, and

grilles thous. of sq. ft. heating surface..Sheets, brass, wholesale price, mill .dol. per lb._Wire cloth (brass, bronze, and alloy):

Orders, new thous. of sq. ft..Orders, unfilled, end of month doShipments doStocks, end of month . doMACHINERY AND APPARATUS

10, 739

35, 9163, 688

. 049341,52853,45641,292

11,41014,604

. 503239,4509;438

34, 25010,452

. 0692

53,11953,16466. 82430,965

8,70631, 365

(3)

).187

4351, 039

423751

Air-conditioning (circulating, cooling, heating,and purifying) equipment, new orders:t

Air-conditioning systems and equipmentfor summer and year-round use

thous. of dol. .Blowers and fans... doUnit heaters do ,Warm-air furnaces, winter air-conditioning j

systems, and equipment thous. of doll, jElectric overhead cranes: i

Orders, new . do IOrders, unfilled, end of month do jShipments do '

Exports, machinery. (See Foreign trade.) jFoundry equipment:! \

New orders, total . 1937-39 = 100.. |New equipment ...... . . do | 162.0Repairs do { 158.6

Fuel equipment: IOil burners: J

Orders, new, net . . . . number . . ! 41,895Orders, unfilled, end of month . . do I 8,607Shipments . . . . . ... do 41,490Stocks, end of month ,__do I 19,817

Pulverizers, orders, new do jMechanical stokers, sales:

Classes 1, 2, and 3 . doClasses 4 and 5:

NumberHorsepower. _

7983; 271

161.2

Machine tool activity* percent of capacity..Pumps and water systems, domestic, shipments:

Pitcher, other hand, and windmill pumpsunits.

Power pumps, horizontal type . . . .doWater systems, incl. pumps do j

Pumps, measuring and dispensing, shipments: ;Gasoline: I

Hand-operated . . . .uni ts iPower do I

Oil, grease, and other: [Hand-operated do IPower ._ do I

4,391

35, 6123,415

4,

35,4,

063

936380

2,

37,6

762

057355

4

384

164

835234

4

373

496

649710

2,958

35.9373,110

.0545 I .055035,086 I 38,90359,889 66,06097,473 73,963

6,5705,0504,427. 6350

31,1683, 413

30, ?859,958

.0610

42, 22537, 72969,42495,615

7, 53922,499

2,109

105

986.183

1,2701,513

547593

1,3104,4442,472

7,6306,0405,247. 5525

38, 2063,536

36,7347,204

.0650

50,11743,10973,32772, 405

.055044.74864,36558,061

7,5407,8707,629. 5224

38, 0353,283

41, 6639,701

.0650

53, 52446,86764, 40761,522

8,993 i 8,49713,45917,878

1,992

80

891.190

1,1782,125

564638

1,820

94

870.191

3291,829616612

.055042, 54744,88158,777

6,94011,36612,518.5064

38, 2803,302

28,16313,548

.0598

57,94148,15953, 46865,995

5,52111,436

1,514

75

591.193

3431,593567616

1,403 I 1,086

10,970

4342,474375

138. 9

5692, 665378

4452,390719

1,594 I3,979 j3,687

10,312 j

414 !2.368 !435

153.3 I 124.,

.054747,14939, 87568,539

6,6809,7808,851.467235,5731,749

35, 6114,097

.0564

52, 39947, 28754, 86263,532

5,8518,214

1,668

450.191

3911,343637585

1,263

.050840, 56439,17672, 658

5, 6106,6006,499.459433,1482,078

4,787

37,9493,892

.051944,78346, 35374,692

5,5409,24410, 334.4709

32, 3392,635

7,404

37, 963 40,1963, 705 4, 474

]

28,0263,551

.0553

52, 77447,18851,05065, 256

5,79917,500

1,735

30

392.183

3631,216476627

29,3934,798

,0575

55, 47549,74449,90970, 822

6,13414,018

1,799

43

297.183

3501,073489621

1,411

4002,172596

149.0

2501, 743679

135. 7

36, 2795.967

35, 35216, 460

53

I33.657 i4,96634.658 !16,675

38

20,161 I 18,040

43986,71474.6

47. 439860

18, 452

9627, 624

12, 5542,703

37663, 26484.9

43, 908949

17, 444

7688,611

14, 7852,384

18,7583,639 I20,085 I18,165

45

12, 5662, 90513, 30016, 764

6

13,1033,05012, 96317,144

11

11, 2392,76711,52215.672

20

8,225 { 4,762 \ 3,996 j 3,651

26651, 73591.2

35,961792

16, 993

7418,751

16, 0861,914

20739,03893.3

29, 441976

13,389

6128,693

14, 4171,349

12825. 51593.3

40, 2921,39617, 469

776 |5,775 I

9,659 I3,244 |

14928, 59192.9

38, 540662

14, 718

1,0706, 304

10,578 i3,106 I

.0571 |31,192 !46,49663,610

5,9607,8557,886.468232,1492,964

31,4245,454

.0575

52,18949,80546,80376, 208

6,73514, 034

1,582

520.183

3821, 005445695

2,425

.050237, 91846, 91962,955

6,3607,9057,982.51480)3,677

41,1835,851

.0580

51,51848,98957, 22470, 502

7,05621,475

1,647

103

487.183

4,723

36. 9573,538

. 050034, 04149. 90455, 343

6,4209,22511,611. 5254

31,8695,300

33, 5309, 201

. 0624

48, 66046, 57753, 93565, 227

1, 5453,2612,013

4,265

2,675

5341,683594

183.2 !

4671,640515

5201, 769

391

129.1127.5133.9

12,2,12,16,

88388077075525

15, 88941416

37539465633

18,1544,700

17, 82919, 239

36

11130,177

93.4

37, 9771,214

16, 060

1,6857,613 !

12529,677 !93.4 !

33, 236829

20, 971

2,20111,578

18, 5792, 591

14, 4663,462

J N o t reported.

16142,33292.5

35, 245804

22, 099

2,33012, 577

20, 0812,676

.185 !

4,9102, 340

6, 791

7612, 196

334

164. 9174. 2138.3

19, 6725, 985

18. 38719, 367

4, 342 | 6, 490 | 8, 254 ! 9,'

21738, 408

92.3

41.419928

20, 415

1.57411,072

17, 9682,454

36,9884, 393

5411,041496716

6061,124516693

37,7592, 87S

.0500 .048535,343 36.85152,560 I 51.64347,360 I 43,321

6,3307,325 |9,185 (.5159 |

38, 7366, 56

44.3237; 098

. 0625

51,17547, 54557.60658,796

7.22

1,

181287

697

112

531

6, 89821,695

(-)

(3)

f3)

6. 6(3012,47012,926.5118

38, 0406,583

35.116S, 842

. 0639

49,93950,71564!06544,670

8,07617,823

469 i1,099 i

4S9 i709 !

5211,033536694

499 ;2,430 i

264 ;

194.4 i209.8 :147.* :

23,00S0, 974

22,01923.400

47

16,565

58.42688.3 ;

II

38,476 1.853 i.

19,113 L

2,

ItItIf

31'.

2 !

957744643

i5. 4

>0. 0

r, i 4

is117

.vo, ill

(2)

f Revised.HData for November 1939 and January, May, and July 1940 are for 5 weeks; other months, 4 weeks.2 Discontinued by reporting source. 3 Reports temporarily suspended.*New series. For data on machine tool activity beginning January 1939, see last paragraph of footnote 6 to p. 139 of the 1940 Supplement.fRevised series. Data on air-conditioning equipment compiled on a revised basis beginning January 1939. For description of series and earlier data, see p. 50

September 1940 Survey. Index of total foundry equipment new orders beginning January 1940 is based on average sales to metal-working industries during 1937-39;data are based on the old new orders index (1922-24 base) converted to the new base by dividing by 1.328; index for new equipment and repairs available only begMay 1940.

of theearlierginning

Page 53: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

November 1940 SURVEY OF CURRENT BUSINESS 51

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

1940

Sep-tember

1939

Sep-tember October Novem-

berDecem-

ber

1940

Janu-ary

Febru-ary

i

March I April May June July August

METALS AND MANUFACTURES—Continued

MACHINERY AND APPARATUS—Con. |

Pumps, steam, power, centrifugal, and rotary: jOrders, new thous. of doL.] 2,878

Water-softening apparatus: JShipments, domestic ..units._| (!)

ELECTRICAL EQUIPxMENT

Battery shipments (automotive replacementonly): I

Unadjusted . 1934-36= 100.. |Adjusted . ____do j . . . . .

Electrical products:Industrial materials, sales billed.-.1936=100..Motors and generators, new orders d o . . . .Transmission and distribution equipment,

new orders.. 1936=100..Furnaces, electric, industrial sales:

Unit kilowatts. JValue thous. of dol.. j .

Electrical goods, new orders (quarterly) jthous. of dol._I

Ironers, household, shipments units..} 21,007Laminated products, shipments..thous, of dol.J 1,454Motors (1-200 hp.): j

Billings (shipments), A. C._ do iBillings (shipments), D. C . do j_New orders, A. C _. do jNew orders, D. C . do I

Power cable, paper insulated, shipments: |Unit . thous. of ft. . | 1,154Value . . . thous. of dol .J 1,163

Ranges, billed sales* number..j 32,167Refrigerators, household, sales . . .do !e112, 288Vacuum cleaners, shipments: |

Floor . . . . . . . _ _ do | 108,564Hand-type . do 30,359

Vulcanized fiber:Consumption of fiber paper. thous. of lb._ 2, 373*Shipments . . . . thous. of doL. 599T

" • • " 149,002]p

Washers, household, shipments units..

1,469 1,809

1,512 | 1,450

239154

98.5116.4

146. i

219 i129 !

123.0136. 5

151. 6

3,

I?11,

1,

279291

001372019

6

111

103438

161296

2, 361474

2,7251,102

676781

26, 23573, 149

93, 85126, 857

2, 284548

138, 992

2

31

535555151403

1,074824

23,61162,055

106, 53931, 362

2 722"' 660

142, 830

1,339 ! 1,049i

1, 481 1, 201

165118 I

132.0125.1

137.3

4,153368

9, 9901, 348

2,730677

3. 2761,047

752656

19, 00855,113

108, 33832, 728

2,594748

102, 990

9987

121.9 I161.7 |

123.6 |i

9,587480

254, 30211, 8541,306

3,103797

3, 4721,867

655731

13, 42992, 479

I

1,011

1,154

180227

124. 897.3

2,084167

10,3731,257

2,733582

2, 417813

1,147

1,159

101159

110.497.9

5, 634324

10,1831,173

2, 686775

2,679622

554 |721 I

36,395 32,234,662 280,

118,730 92,806 j 116,04936,471 I 27,362 j 28,324

2,492 j854 i

2,808660

1,457

1, 556

55 i90 I

113.7115.9 |

133.8 !

7,802 '557

2,356 I589

1,178

1,364

67123

112.8107.1

127.7

4, 697314

77,270 I 119,228 j 142,318

238,84612,0481, 306

2,693 [860

2,958803

564720

39,643298, 238

147,12031,009

2,368539

149, 730

11, 9841,320

2,857815

3, 013692

628813

43, 308339,693

139, 76830,441

2, 556537

135,179

1,809 | 1,963

1,623 I 1,237

73132

112.7117.2

126.0

4, 905407

10, 5901,308

3,126830

3,039946

728902

42, 983385, 688

143, 83630,060

2, 205554

118,987

91133

107.6160. 9

181.9

5,381476

268.1208, 5711,325

3,000866

3,1861,703

758836

33, 403328, 950

120, 20024, 037

1, 999458

112,134

2,437 2, 556

0) \ 0)

130135

113.8155.0

170.2

5,241421

11,4641,313

3,083914

3, 3451,437

757998

29,626248, 538

74, 56520,045

2,449556

116,422

180139

126. 5146.6

158. 5

5,137372

13,8481, 408

3, 280915

3, 5361,240

1,2531,463

29,128'206,418

87,82023,047

2,443681

147,878

PAPER AND PRINTING

WOOD PULP j

Consumption and shipments:*Total, all grades .short tons. . (2)

Chemical:Sulphate, total - do (2)

Unbleached d o . . . . (2)Sulphite, total._._ do CO

Bleached _.do (2)Soda . . . do . . . . I (2)

Groundwood do (2)Exports, total, all grades*... d o . . . . 32,256Imports, total, all grades* do 65,554

Chemical:Sulphate, total* . . do 11,253

Unbleached* .do 7,062Sulphite, total* „ do 40,188

Bleached* . do 21,247Unbleached* .do 18,941

Groundwood ._ . ...do i 13,187Production:

Total, all grades do (2)Chemical: j

Sulphate, total . .do ] (2)Unbleached do j 0)

Sulphite, total ..do I (2)Bleached . d o . . . . j (?)

Soda . . do j (2)Ground wood --do | (-0

Stocks, end of month: jTotal, aH grades do j (2)

Chemical: jSulphate, total...._ - do j (2)

Unbleached ....do ! (2)Sulphite, total . . . . . do I (2)

Bleached do j (2)Soda do (2)

Groundwood d o . . . . (2)Price, sulphite, unbleached dol. per 100 lb__ 3. 46

PAPER i

Total paper, incl. newsprint and paperboard:f jProduction short tons. _ I

Paper, excl. newsprint and paperboard:f jOrders, new short tons..!Production . do !Shipments do I.

615,325

262, 931220,796187, 490118,98639, 944124, 96016,873

160,688

47,03238,64589, 31840,04249, 27623, 388

683,934

296, 712252,840207, 194130,69647,053132, 97521,622216,142

57, 70747, 539135, 79556,39879, 39721, 527

576, 225 673, 634

256,731 I 294,912221.696 253,440171,090 ! 205,394108,486 ! 129,39639,944 I 46,453108,460 126,875

140, 200

24,S0014, 40080, 20048, 3004, 90030,3002.13

23, 00015,00078,40047,0004,300

24, 2002.28

680, 313

292,120251,192207,839130,24947,344133, 01020,985272,049

104,94592,659143, 79653, 49290, 30422,163

672, 813

290,920251,392207, 339130.74947, 244127, 310

677, 321

301,482260, 360198, 875124, 25348, 639128, 32518,537

235, 419

89,85978,493113,81446, 20467, 61030, 465

678, 521

297, 182258, 560198, 575124, 35348, 039134, 125

129,900 i 122,400 i 123,600

21,800 i15,200 !77,900 I47,500 '4, 20018, 5002.28

957,628 11,073,961 i 1,046,687

633,809 j 506,885434,932 { 488,904456,360 I 494,882

426, 342484,993487,467

17, 50013, 40077,60047, 6004, 200

24, 3002.51

971, 482

416,102464, 540463, 241

698, 400

311,000270,700202, 700126, 60046,900137,80015, 713

262,171

101, 36379, 358140, 27948, 88791, 39219,199

713,600

310,000267, 600213, 700134,00048. 300141,600

16, 50010, 30088, 50055, 0005,600

28, 1002.83

645, 400

279,100240,400200,300126, 30040.700125, 30027, 333158,827

47,19738, 75096,10933, 61062, 49914, 723

647, 500

280.400239, 800198,100124, 20041,900127,100

138,700 I 140,800

17,8009,700

86, 30052, 9006,800

29, 9002.85

395,874 j 369,670459,547 I 413,634439,603 I 393,352

664,400

285, 500245,800206, 300125, 40043,100129,60030,69473,915

21,03013, 40844,17222, 83621, 3367, 964

677, 700

284, 500245,100214, 000133, 50043,100136,100

154, 200

16, 9009,000

94,00001, 0006,900 !36,400 j2.85 !

974,568 I 895,059 ! 897,!

703,600

299, 400257,100224,600143, 40044,000135,60037, 417109, 986

30,85624,88965, 03534,06830, 96713, 403

708,600

299, 500257, 900212, 300133, 90043.900152, 900

17. 0009, 900

81.80051, 5006,700

53, 7002. 96

765,400 742,100 735,700 j 743,300

334, 400290, 600235, 200146,00053, 200142, 70057,92381, 345

11,8156,66950, 04526,82223, 22318, 446

774, 700

335, 700291, 300231,600

331,600281, 200226, 000141, 50050,500

134, 00040, 86493, 358

324,100 334,200277,500 I 285,300235,400 229,400145, 20047, 500128,80064, 70286,426

17,817 11,38513,058 5,546

54,88227, 66227, 220

53, 34930, 29423, 05521,138 19,218

738,700 ; 711,800

139,10044,500135,20060,37983,040

17,92012,03655,31831,37623,9429, 557

747, 200

327,100279.800227, 500

144,800 ! 142,70050,600 [ 51,000

156,700 I 133,100

322,500 1 344,700276,800 I 294,800221,600135,60048,200

119,500

237,100144,200

45, 000120,300

159,200 I 168,500 ! 165,200 I 141,300 j 145,200

18, 40010, 70078,200 I50,300 I4,200

67,800 I3.18 i

13, 9009.400

79, 70051,6004,700

66, 9003. 34

937,032 I 1,039,708 j ' 980, 385

12,400 I8,700

65,90042,000 !

5.400 I57,700

3.46 !

22,90018, 30073,60047,000

5,90042, 800

3. 46

•957,845 I 977,806

398,896 489,923 514,683 K471, 457 r398,246 j 389,678405.824 433,189 I 479,257 i'454, 898 | r445,705 438,569397,553 421,506 j 484,801 [•'472,531 i'447,437 426,560

«Estimated.r Revised.• Domestic pulp used in producing mills and shipments to market. l Discontinued by reporting source.2 All wood-pulp statistics (except soda pulp) for consumption, production, and stocks have been revised beginning January 1940. Revised data for January-August and

September statistics appear in the Weekly Supplement dated Nov. 14, 1940.*New series. Data beginning 1913 for the new series on wood pulp are shown in table 37, p. 13 of the October 1940 issue. For data beginning 1931 on unit sales of electric

ranges, see table 52, p. 18 of this issue.f Revised series. For revised data on "total paper" and "paper, excluding newsprint and paperboard" beginning 1934; see table 43, pp. 12 and 13 of this issue.

Page 54: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

52 SURVEY OF CURRENT BUSINESS November 1940

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

1940

Sep-tember

1939

Sep-tember October Novem-

berDecem-

ber

1940

Janu-ary

Febru-ary March April May June JulF August

PAPER AND PRINTING—Continued

PAPEE—Continued

Book paper: tfCoated paper:

Orders, new short tons,.Orders, unfilled, end of month doProduction do

Percent of standard capacityShipments short tons..Stocks, end of month...__„ . do

Uneoated paper:Orders, new . doOrders, unfilled, end of month doPrice, wholesale, " B " grade, Err lvh fin-

ish, white, f. o. b. mill.._dol. p«jr 100 lb_Production snort tons

Percent of standard capacity . . ._Shipments rbort loTisStocks, end of month . . _<i ..

Fine paper:fOrders, new... . d >Orders, unfilled, end of month-. ." .". do ~_Production . doShipments . _ doStocks, ead of month _

Wrapping papenfOrders, newOrders, unfilled, end of monthProductionShipments. .Stocks, end of month.

Newsprint:Canada:

1"\T.( r h . . . . . do

Si'ick'N at niill-, end )f month do

C(nMi'»ii)ti >ri bv publ i shers . . . d

d ,

do

. d o

" v . >l.

d o l \)( T '•hoi i U)\P r c c , i t » i N ' \ Y

c l miiKMih ff-oia 151

' AI\UV i! "!T'!. dUnnMMior: . . <:<

In t. u ««it to p n h i ^ n e r - d >

Oidcr^ , new _ . dOrder*-, unfil'.i <1, e n d of m o n t h ocProduction _ _ ,j (

W «ste {. uifr s-locl ss af milis s h i r t ' P -

PAPER PRODUCTS

Coated abrasive pnp^r and cloth:Shipments . n-fims

Paperboard shipnir.tr b o w .Shipments, total _ . . . mil. of srj. ft..

Corrupted _ doSolid iiher "~d«»"._"~

PRINTING

Book publication, total no. of editions._!New books.. doNew editions dol___'

Cont inuous form stationery, new ordersthous. of sets__]

Operations (productive activity) 1923 = 100...Sales books, new orders thous. of b o o k s . J

05171

102,317

"in, 940'

33, 887 i 24,10812,862 I 12,97119.401 ! 24,573

75.0 j 91.320. 440 ! 24, 51613,807 | 13,897

154,604 I 125.56479, 436 ! 84, 515 j 68, 694

15, 7548,853

24, 46490.9

22, 86416, 134

101,097

14, 5324, 154

20, 938SO. 9

20, 89816,151

102, 430

5 65111, 283

111, W) 122 001:«'. S i ; ."0.71.,-

11, 1034 ^,7." J1", iV

17, 7,710 ;>' 2is. 000 ,

1 U 2.1171. ^ ' )

5 70117,290

93 6117,07951.010

37, 1312\ A'A4S, s2447, r-Ji

J .",">, 156l\- \ 7011/V,, 037

61,368

5 S(,1K-.7,1!

91.91K-, 95051 783

22 Oil iM 8'G42. 757 I61, 110

i ; 0 "OtfH, "2s?

1' ' . *7oIt.** 36")7s. 2 ' '

14, 9983, 757

16, 22756.4

16, 13616, 665

91,40047.479

5 95109. 930

H •+

55,' 249

lo. l)ii \ 42')4*>, 3 ' S

07. 7o5

147. -1.777, s~<'

173, 92>1M, 7')1)

^0 0"<>

15, 1054, 084

14,92555. 5

15, 66715, 966

85, 54641, 760

5 9"10,,. 090

59. S70

3r», 97)"7, V'J701, ( ^S

1 U9M r

14, 5943, 975

14,10155.3

15, 47913, 949

98, 78341,804 !

5. 95H 1S6

9'j'oO"

:s,4sr, ,3% 150 !

39, 756 ,'V) Our, ,64, 7G0

14u. 0T)

19, 2316,62417, 56064.6

16, 69315,076

106,47148,031

5. 95101.422

s-2 8100,087

5s\ 375

4S, 20420,61112, 20041. i.v,65, 913

205, '23111,020

21 1957, o07

20, 92872 1 !

20,107lb, 110

12°, 37961, 758

/ 95 i1 5 >51

8S 5li>'# ' 2 5

02 972 t

3" «2120 22410 Utn I47. ")0403 797

197, ", 2

8 618 IUs 717

74 020 f9"1 J, 089

119, in

» J 7i W *14 ( _ 7

yw 2 i,4 4 .

l ' / > < v1 1 7

311 72/5 9 , " 1 1

49 S?i-.0, ->46 4^ )4 " 7"(' l / i i 1

If \ M 6i r 017J >\ ' , 7

22x ]«" 27'J I1*! 2"J, V'7 2 " . 2 "9 22j, "2 lv>7. (|< 20". 0"o 2^3.881 ^O1 2( 320 (2;-i J3u >0, r^~, 2ss. 7J.', '240, O'f. 251,01.: 2U, sj.j 25'. 27'. 2«>\ 947 32 > T,} w" ,il2*7. h ' ^ 2 '» Ji.O • J S - N . ' I :r, 1.020 2 1 1 , 2 " ' J i ' . o J J 2., ,'i-U ?07. m '31,141 5°.s 12(;0,5bi 1 si 0(U 103, 400 109 M.2 17t» 2i.l l(>0, 7'-2 212. 7 C 214,5.") 2i3 672 1H>, "f

" in * • 'HI :u uo n ,).» "o (') :l> I'n7 7 r - 0 s 7 - . " ' 1 *s v v ' ; 7 , s ! . , M )2b s ' , j "

7 ^ " , " . 7 ' ' , Ji 1 * \ 4 l i ) t \ - > , M > ( ' " ' » 7 ' J , ' 1 7 2

2H,]s"l 2'7 "» " « 11 f*°J21 ,401 2n» ^^ 2"4 <2i

50 0U ">( f 1! U (III

8.,, 277 j n J O ' s-i "f -^ " , 4 1 2 HS ' ^ 8 i 1

f •>.," " ' i , " 0 7 0 1 l i ' j t ^ 4 2 , 7 ' ' s ] ( u , i .<sj 7 2 7 42/621)

} f |~-> f • ) 4 0 , ,-{>" 2 ^ , 2 2 s - 2*-<' i - . 1 . Jr ' ') t 27'-> 4 f ' J 2 1 , 2 " , " ->ls 2 i j 2 i N _ »

2 ' 4 ~ S " 2 ' H . M ; , " i 2 ! J ' i j , , < 1 1 ' . 2 >t. I l l 1 , H1',1.* 1«»*"., S.-ji; 2 u l *. < I T (i i i

4 1 " J,^" "u It i s j sf . * J i. 1 t> l .n . v.«". ./- 'I, 97'i Iff). w22 ' 417. 500 47'» 244 41 i 7 "> -i27 N") >l ^ r ' »i 72 1 70 ^ t)9 1 7ii 0 77 1 "7 s

21 i " - 2 ' s i l» 2 ^ i- i," •)> 2',7. Hi 1 2 4 ' 212 251 ,671 2L'~. ."77 2^" 7«'«i Llf * -

95,362 I 91,707 95.478 : 84,253

.5.171 2, S202i > 177

110 99

H.2, 2°.O H I . 2f)l

2.'. L'^l 19,3s7

819133

•2. H I

569112

2,524 ! 2,01S ! 2,9992,380 I 2,467 2,821

144 [ 151 . 178

1.023 i805 !218 i

1,379 i1,126 '253

953807146

740 i055 !

91 i

04 'si 2

134,001 140 ,403 129 ,102 i 128 ,245 I 137 ,820 i 142 .780 i 10.5,4!*:;SO 84 80 : 80 j 78 i 8 0 '•• 7 "

15,590 IS, 301 15,910 i 17,399 17,387 18,537 : 17,999

niMAl AND PRODUCTS

CRUDE AND SCRAP RUBBER

Crude rubber:Consumption, total long tons,..

For tires and tubes (quarterly) doImports, total, including latext doPrice, smoked sheets (N. Y.) dol. per lb__Shipments, world long tons_.Stocks, world, end of month ' do__

Afloat, total doFor United States do

London and Liverpool d o - _British Malaya doUnited States dc_

Reclaimed rubber:Consumption . doProduction . doStocks, end of month do

Scrap rubber consumption __do

50,

"78,"

125,

200'13750

241,'

14,58910,42830, 287

51, 402102,646

57. 155

37. 609.213

88. 000386, 000134,00068,31039. 35976, 228136, 824

45, 622. 199

115,000401, 000173,000100, 50037, 36171,662119,404

15,583 I 17,42316,830 I 19.54921,384 ! 21,69438,321 !

55, 677 i 49, 636! 115,695

42,586 I 71,631.202 1 .200

86,000 j 88,000382,000 ! 379,000171,000 ! 152,000114,044 I 91,09536,671 ! 31,00069,139 70, 214105,205 ! 125,800

16,551 I 14,31719,417 18,00923,239 I 25,250

i 47,649

54,978 j 49,832

72, 496.196

108, 000434.000175,00090, 28520,00096, 478142, 387

i 43,088: .188! 112.000i 430,000! 193,000I 112.257I 16,000i 86.223i 134,352

: 50,192j 92,937! 59,257I .185! 112,000! 444,000I 211,000I 113,619i 18,000I 72,054142, 462

50, 103 I 51,619

16, 070 15, 370 15, 93119.297 ! 17,992 17,23427,418 I 28,002 ! 28,488

! I 43,037

70,700 j.192 !

93,000 !465,000 I188, 000102, 557

22.00092, 895

162, 494

51,431.212

123,000471,000210, 000109,364

21, 00078, 485

161,485

46,50688,66853,889

.222112,000501,000235, 000119,136

19, 50078,029

168, 245

- 0 , 4 7 4 :

21] \

i >0, 001 >•54s , (on2"0,00i i

f j

16,298 I 15,719 ! 15,84416,568 ! 17,552 16.63127,558 I 28,397 28,327

39,844I

l\ 3122s. I/A

1 7 0 > S

r dw

17 4 " 14 • -* 4

r Revised.fRevised series. For revised data for fine and wrapping papers beginningJFor monthly data beginning 1913 corresponding to the monthly averagescfln recent months the number of companies reporting has fluctuated to s

1934, see table 43, pp. 12 and 13, of this issue.on p. 148 of the 1940 Supplement, see table 28. p.18. of the May 1940 Survey.uch an extent that tonnage figures are not comparable from month to month.

in. urn.57'' ( ('0

r 2 " " , i i l 11

M l 2*1

'<<> U ' l ,

H i I~~~F JlS.L-02

H. 17^17, 2!9<i S )

Page 55: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

November 1940 SURVEY OF CURRENT BUSINESS 53

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

1940

Sep-tember

1939

Sep-tember October Novem-

berDecem-

berJanu-

aryFebru-

ary March

1940

April May June July j August

RUBBER AND PRODUCTS—Continued

TIRES AND TUBES

Pneumatic casings:Production . . . thousands. _ 4,417Shipments, total _ do 4, 512

Original equipment _ do I 1,465Replacement equipment do 2,941Exports . do | 106

Stocks, end of mon th . . _._..do j 9,886Inner tubes:

Production do I 4,107Shipments, total __.. do j 3,970

Exports do . . . . . | 84Stocks, end of month do j 7, 915

Raw material consumed:Crude rubber. (See Crude rubber.)Fabrics (quarterly) . . thous . of lb.

RUBBER AND CANVAS FOOTWEAR

Production, total thous. of pairs.. 4,046Shipments, total .... do 1 6, 200Stocks, total, end of month „ do | 14,232

5,076 i5,658 !1,219 I4,294 !

1468,080 |

5,392 !5, 161 |1,788 !3,226 !

146 I8,382 !

4,8654,278 !1,854 j2, 276

148 !8,918 !

4,4694,7272,6131,979135

8,665

4,4,

7,

457991

98206

5, 0084,948

1087,279

4,5083, 967

1277,710

3,4,

7,

784394

92036

4,954 !4,270 j1,805 |2,360 I

105 !9,348 |

4,287 i3,827

76 !7,634 i

67, 877

4.713 I 5,3326,452 | 5,91615,218 j 14,619

6, 0495, 47315, 195

4,8884,1121,9742, 037

10110, 124

5,0074,3462.0502,203

9310, 747

4.2113,810

717, 897

75,799 i J

5,376 ! 5,044 j 5,0624, 185 I 6, 389 4, 76116,388 15,018 15,319

4,4004, 114

608,183

60, 666

5.106 I5,010 i2,095 I

10,881

5,4155,7201,9993,626

9610, 576

4,618 I 4,739 i4,543 j 4,739

57 I 788, 258 8, 243

4,869 j 5,1284.532 | 3,90215,656 16,881

5,1486,9271,9254,905

968,881

4,3595,721

746, S41

>8,188

4, 7064,315

8583,347

1109, 299

4, 0273, 793

897. 094

5,075 i '4,5283,862 i 3,73718,095 ! 18,886

3, 3234, 507

17, 641

4, 6214,174

7053, 354

1159, 732

4,3143, 600

907, S02

4, f>835, 808

16, 386

STONE, CLAY. AND GLASS PRODUCTS

PORTLAND CEMENT |

Produci.iun thous. of bb l . J 13,123I'ercunt of capacity. _ j 62. 8

Shipments thous. of bbl._j 14, 760Stocks, imir.hed, end of m o n t h . . . . do 19,913Stocks, clinker, end of month do j 4,853

CLAY PRODUCTS j

Product ion . t hous . of pieces. J (l)Shipments--. do 0)Stocks, end of month. do ! 0)

Common brick: iPrice, wholesale, composite, f. o. b. plant '

dol. per thous.-i 12.121thiji'r.fins . . . thous. of brick..;Stocks, t'TM of month. -do [

Kiuv brick: iShiprr.cn*?: . . . .. do '.._.. . - . . .Slocks. ei:d nf month d o . , . . 1 .

Vio<,r iin<i w all i iU> shipments: 'Quanti ty thous. of sq. f t . . ;Ynluo - thous. of dol -.

Hollow l.-uil'ling tilo: !

shipments . . short t ons . . . ; . - . . -Sto1. '*s, crni of month . do ;

Vi!ri:h'd j>W'JVJ, brick: ;Sh inn i 'ms . . ._ thous. of brick..!...<!•«-• \-.r ••;-ui «f month _ . ._ . ._ . ._ . .do !

\;

V

HL vs«* PRODUCTS

' i f ^

r ) C M i '1 r v

)i r v \ ' , '<» I*

. • I : I i I ' . ! ' ' - 1 ' "

' . '^ l i r e i ;' . • r> .• I *

M , ' : : M - < . . • *o<\<\*

t " ' l i t ' « r p > . *

v 1 i l l l < * ' 1 *

I r « j j . l , ^ \ J i

i» I >s 'IHModo

doof-i ir

i ^ j

11,937'56.4 i

13, 104 j20,160 !

5, 254 |

148160397

03034b330

12, 53957.3

12, 82919, 8704,854

1,2821, 215

369

12 OHIV,, 2014iio, 150

11, 05352.2

10, 14720, 7794,824

1,022 ;958 .375 !

107 ,i29468, 357

7sr,

4 « i

M -122,% )3S

9,48842.9

6, 78523, 449

5, 165

1,043 .877 i268 ;

12 0S0

J> ?, ~ 73

J :;i

ot 2* I ' i2

0, 20528.6

' 3, 893'25,759

5,617

833788281 i

12 1125s 914

o')3, 367

2>>», 902

4 I2S1 0 O

I, 0v»»- «7l

5,04124.8 i

'4,907 i25,894 !6.304 !

749710271

12 126M 2«

4s j , ui'O

2 3, .37 32S1.3U

••7, 918 i36.3 i

'7 ,716 i26,118 |6,487 I

783781285

12 124I2fi 17144J 425

3t" 7*227'J UOO

4. ">>'1. In",

t)0, 0l>3351,726

10, 04347.5

10, 82925, 3486,606

726 i743 i282 j

12 132170,7 s6Ids, 147

2/3 , ">2G

1, J4!

79 0S01 > • ) ! , f iO'i

2, 80713,'Jil

12, 66858.0

13, 241'24,758

6,071

790788284

12 161r l 0 7 021J'J2 1)7

' 06, 12t 2 40

5,710

SO, 002'301, 6 is

5 , 1 r>3

12, 51458.9

13, 24724, 0105,907

| 12,300 i 12,719| 50 .0 S 57. S

' 13,452,55 !ur)9

2'0

, 9S7

. ! ' i

202

, " '0

t ' 3

i ' )

173

199

14,02521,550

r 5. 15S

992 I (H929 I (n282 I (i)

12 110 VJ 101l^f., 172 102, N>~,.07, 3 / ,01,012

fi1,l«r 01,8772"> . 20 j"0,670

s j , Si9 v(), s i o301,/50 3-)7,2'»G

.c, 081 0,1 ISti .OW V, Js>

(])

1,

I.]

si "

, j

5 V11

{><)

4i',

l n

(\--)"'_s1-

,7v ' .

• i

i 4 . ( t '1

t i " I '

-> " 3 07 .

101

i r .t i 2 f |

i ~ •

j '

5

. 177

! " v . •

i . 2 f> >

* 1 .

3 , 72-»v < i

7'"S

1 ! •>1 ' " i

" i <

! \ Ij \ ,is 2

•,

i t ( > ,

i", ' :

12

a. Ci

} .

71

2j j

2/\i

< , i

1

!'

3>1«)I

J

[

J

'->

i

o

1 )

>' i t

) 1

2 2 I

.!/

s ;''(/!0

1 < )

.02

• « 81, '<3o

' 211S 1 - •>

i7* i')

[_ r,h ,7

1 2 ' J

, > l f t

'71

I ' I _/ \

' . ' . '/)7

1 2>

4

i

1

1

70f 7

(

(

' 3

, r

. {

)

i ,

i*')4,i"

1"

4, 120

r> 2 'J 2 s -

' ) '

f 1

7s^ I

27H) 2(

72

i(O

,,r

1

i2i

M

i2

i

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3

7!1, -1"

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f

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in t ibl" I"- pp. 16 and 17, of this issue.

•> '2 '(')'3 '3! 4

Si 0 i 7 1

34 t "»'

127, 2 H

Page 56: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

54 SURVEY OF CURRENT BUSINESS November 1940

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

1940

Sep-tember

1939

mber u c t 0 D e rNovem-

berDecem-

ber

1940

Janu-ary

Febru-ary March April j May June July

TEXTILE PRODUCTS

August

CLOTHINGHosiery:

Production thous. of dozen pairs..Shipments d o —Stocks, end of month, do.. . .

COTTONConsumption!.... . bales..Exports (excluding Iinters)f- __ d o —Imports (excluding linters) . d o —Prices received by farmers dol. per lb..Price, wholesale, middling (New York)...doProduction:

Ginnings (running bales) • . . thous. of bales..Crop estimate, equivalent 500-lb. bales, .do

Stocks, domestic cotton in the United States,total thous. of bales..

On farms and in transit ....doWarehouses d o —Mills . do....

11,25712, 76223,830

039,25290, 555

(3). 092.097

3,9242 12, 741

COTTON MANUFACTURES

Cotton cloth:Exports thous. of sq. yd..Imports do. _. .Prices, wholesale:

Mill margins ..cents per lb . .Print cloth, 64 x 60 dol. per yd..Sheeting, unbleached, 4 x 4 do

Finished cotton cloth:Production:

Bleached, plain thous. of yd..Dyed, colors . doDyed, black ..... . . .doPrinted . ..do

Spindle activity:Active spindlest thousands..Active spindle hrs., totalt mil. of hrs..

Average per spindle in place hours..Operations pet. of capacity..

Cotton yarn, wholesale prices:22/1, cones (factory) dol. per lb_.40/s, southern, single, carded, Boston...do

RAYON AND SILKRayon:

Deliveries (consumption), yarn*...mil. of lb. .Imports thous. of lb. .Price, wholesale, 150 denier, first quality

(N. Y.) dol. perlb..1

Stocks, yarn, end of mo.J mil. of lb._Silk:

Deliveries (consumption) bales..Imports, raw thous. of lb._Price, wholesale, raw, Japanese, 13-15 (N.Y.)

dol. perlb..Stocks, end of month:

Total visible stocks .bales..United States (warehouses) do

WOOL

24,413G, 919

12. 20.050. 059

132,912108,029

5, 924104, 345

22,2787,867

32096.7

. 227

.325

30.8224

.538.4

28,8283,739

172,25444, 454

21,831

28, 6097, 941

Imports (unmanufactured) thous. of lb_.Consumption (scoured basis) :1

Apparel class doCarpet class do ,

Machinery activity (weekly average) :1 |Looms: j

Woolen and worsted: IBroad ....thous. of active hours..! 1, '44Narrow . do 60

Carpet and rug.. ..„ do ! 1"Spinning spindles: |

Woolen .. .do... . 83,065Worsted do . . . . 88,005

Worsted combs do 158Prices, wholesale:

Raw, territory, fine, scoured dol. per lb._ -92Raw, Ohio and Penn., fleeces do .40Suiting, unfinished worsted, 13 oz. (at

mill) dol. per yd.. 1.918Women's dress goods, French serge, 54" (at

mill) dol. per yd.. 1.114Worsted yarn, 2/32's, crossbred stock(Boston)

dol. perlb. . 1.288Receipts at Boston, total thous. of lb... 29,961

Domestic do. . . . 22,912Foreign . do 7,049

Stocks, scoured basis, end of quarter, totalthous. of lb. . I 127,423

Woolen wools, total do 41, 233Domestic do I 29,378Foreign do j 11,855

Worsted wools, total.. . do 86,190Domestic do | 57,201Foreign do ! 28,989

11, 977 j 13, 19412, 820 13, 15623,861 I 23,923

.24,183644, 3289,746,091.093

6,682

:'686, 451'»• 885,182

13. 678.087.093

10, 079

22, 2607,28614,151

823

30, 02311,189

14. 56.054.063

153, 025106, 6788,056

113, 380

r 22, 2317, 69530692.5

.260

.351

20, 7823,92415, 4411,417

40, 49411, 774

15.83. 055.009

173, 256120, 4608,322

124, 201

r 22, 667' 8, 578

34297.9

.277

.365

12, 98712, 45124, 482

718, 719583, 64410, 679.088.098

10,411 I 11,702 ! 11,33410,259 11,149 | 11,42224,658 25,212 25,124

650,123806, 7209,667.097.110

'731, 793j'1,035,416I 8,717| .101I .111

661,771746, 68036, 613.100.111

11, 110 I 11,276 | 11,412

19, 4632,27215, 4571,734

18,1121, 747

14, 5541, 811

16, 3691,46013, 1791,730

35, 56411,859

14.93.053.068 |

1

37,899 j16,322 !

13.61 |.053.066 I

165,624 i 152,215109,4195,524

113, 100

123,1546,516

117, 393

r 22, 785'8,810

353'101.4

.279

.378 |

34.33,108

.5213.1

36, 8697, 262

2.993

89,16027, 760

34.84, 062

.539.4

41, 8586, 936

3.271

89, 13535, 935

33.35,677.537.7

32,2415,423

3. 394

92, 52741,927

' 22, 7808,040

322100.7

32.06, 750

.536.4 |

21, 1285,322

3.921

109, 11055, 610

29, 625

25,0068,847

1, 55184196

74, 17281,961

144

1.02.45

1.906

1.101

1.37524, 41019, 0465,363

118,51440,99732,201 I8,796 i77,517 '57,26020, 257

19, 832

33,98411,274

1,79296221

81, 686106, 185

168

1.09.49

2.178

1.163

()11,991()

22,909

26, 4369,238

2,041103213

80, 428103,487

157

1.06

.47

2.178

1.163

1.456(3)5,601(3)

26,035 I 45,082

22, 3787, 665

28,1899,703

2,046 I78 !197 |

74, 38184,179

133

1.06

.46 |

2.178 I

1.163

1.450(3)

4,678()

1, 85369200

73, 32871, 344

137 |

1.02 I

.43 |

2.178 |

1.188 |

1.415

11, 09711,46524, 756

627,194433, 8429,504.100.109

111,481

33,311 !10,332 |

13.36 |.054 j.065 I

15, 0181,229

12, 1301,659

33, 3469,415

12. 25.051062

139, 289101,511

4,597111,666

' 22, 880' 9, 245

'370' 102. 8

.272

. 375

31.85,104 |

I.53 i7.0 !

29, 5064,972

3.683

87, 02559,225 !

129,174100, 7074,581

106,916

r 22, 801rg 267'331

. 255

. 350

29.82,607

.538.3

22, 4852,175

3.061

83, 30650, 306

37, 212

21,3028, 658

1, 58780195

70, 76467, 472

127

.93

.39i

2.116 |

1.188 |

1.338(3)3,247

109, 53344, 28631,10213.18465, 24729, 77635,471

i 11,816

13,9281,008

11, 3731,547

34, 8654,808

11.59.049.058

10, 67910, 13325, 302

623,098344, 60911, 096.100.109

10, 66010,10825,854

641,636226, 469r 14, 292

.098

.102

I127, 278103, 3285,060

110, 882

'22.553r 7, 920r 318'94.6

.248

.344

29.81,279

.5310.4

21, 6852,213

2. 951

87, 08745, 887

38, 529

17, 7097,340

1,12958186

55, 88851,750

100

.90

.36

1.931

1.188

1.300(3)5,342)

12, 943815

10, 7091,419

34, 9435,813

11.40.050.059

127, 61497,1994,776

103, 563

' 22, 289' 7, 995

321'92.0

.228

.338

31.11,962

.5311.7

21, 7402,494

2.681

85, 79842, 698

22, 065

17, 4718,544

1,08852

183

54, 65851,173

87

.89

.35

1. 931

1.158

1.30013, 5538,1045, 449

9,711 9,418 11,1748,835 9.244 12,390

26, 730 26, 558 25, 335

565, 416133, 53012, 374.095.107

12,189788

10, 0871,314

28,4706,608 !

i11.37 |.047.058

126,96889, 2044,889

98, 336

' 22, 213' 8, 035

32489.4

.222

.338

32.2571 !

.5312.5

18,9972,925

2.794

92, 48543, 285

18, 466

17,0656,524

1,20958152

60, 72461,167

94

.37

1.931

1.114

1. 29431, 75925, 2146,544

11,414773

9,5401,101

24, 6276, 329

10.68.046.057

109, 27878, 4684,612

80, 744

'21,955'6,960

'2S1'87 .9

.219

.321

31.4669

.5312.8

17, 3072, 356

2.724

90,12241, 822

622 723'136', 75118,254. 095.104

32 i

654,50364,74310,153. 092. 09S

006

24,409"), 216

11.00. 047. 058

120,709 '92,116

6,49188,482

21,919r 7, r>48

'305r 80. 6

11

129,102,6,

100,

<-•>••>

.23048058

25008 5786752

078

3180.4

.53 I11.2 i ' 1 0 . 0

22, 7603,827

2.540

30,18G4. 701

115,111 I 151,69843,211 I 4<\S98

18,066 ! 17,502

19, 3735, 798

1,40770

149

68,14766, 718

137

.88

.39

1.931

1.114

1.25044,89641, 790

3,106

98,860 I41,815 ]28,181 !13,634 I ' . . . . !57,045 ! I i22,825 I ! !34,220 I . . . I I

28,4316, 0(51

125

72 Q3414/

1.114

41,472

1C

247

09f

70S571

1 2

22, ' \

•128,585' 47, 508' 3 5 , 1 8 3 i . . .' 1 2 , 3 2 5 !._.' 8 1 , 0 7 7 l.__' 5 9 , 4 3 0 |___' 2 1 , 6 4 1 I . . .

1 Total ginnings of 1939 crop.' Revised. •Total ginnings to end of month indicated.» October 1 estimate of 1940 crop. 3 Not available.qnntfl. for October 1Q3Q and January April, and July 1940 are for 5 weeks; other months, 4 weeks.^Monthly data^gimiiS? Jam?J?/l93ofcoiespondtog to monthly averages shown on p. 155 of the 1940 Supplement, appear on p. 18 of the April 1940 Survey.*New series For monthly data on ravon varn deliveries beginning 1923, see table 41, p. 16 of the October 1940 issue. . .t Dala^revised for^Z cotton year beg?nn1ng^ugust 1939. August 1939 data are as follows: Consumption, 030,667; exports, 214,541; active spindles, 22,010; active spinalc •

hours, 7,911.

Page 57: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

November 1940 SURVEY OF CURRENT BUSINESS oo

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

1940

Sep-tember

1939

Sep-tember October Novem-1 Decem-

ber j ber

1940

Janu-ary

Febru-ary March April May June July August

TEXTILE PRODUCTS—Continued

MISCELLANEOUS PEODUCTS

Buttons, fresh-water pearl;Production pet. of capacity..Stocks, end of month thous. of gross..

Fur, sales by dealers thous. of doL.Pyroxylin-coated textiles (cotton fabrics):

Orders, unfilled, end of mo.-thous. linear yd..Pyroxylin spread thous. of lb_.Shipments, billed thous. linear yd..

3,528

40.45,6973,155

4,5626,2435,807

46.55,7842,660

3,5786,3716,482

44,05,9272,250

3,1325,4135,556

30.46,0141,334 i

35.76,4033,275

2,7975,0385,148

2,8865,1315,053

34.96,4314,447

2,3984,9304,844

38.86,498

' 4, 237

2,2274,7694,978

41.06,539

' 3, 813

2,1184,7725,003

40.56,541

' 4, 263

2,0404,1024,504

28.86,437

' 2, 403

2, 2443,9314,030

30.46, 304

' 3, 372

2, 8074, 4354,430

44.66, 4004,206

TRANSPORTATION EQUIPMENT

AIRPLANES

Production, domestic civil aircraft§... number.Exports do. . .

AUTOMOBILESExports:

Canada:Assembled, total . . . . . . number..

Passenger cars . doUnited States:

Assembled, total . . . . . . .doPassenger cars doTrucks do

Financing:Retail purchasers, total thous. of dol |

New cars do |Used cars do |Unclassified _._do___.|

Wholesale (mfrs. to dealers) do |Fire-extinguishing equipment, shipments:

Motor apparatus . number..Hand extinguishers do

Production:Automobiles:

Canada, total . doPassenger cars do

United States (factory sales), total doPassenger cars .-doTrucks do

Automobile rims thous. of rims__Registrations:

New passenger cars number. _New commercial cars do

Sales (General Motors Corporation):World sales:

By U. S. and Canadian plants doUnited States sales:

To dealers doTo consumers do

Accessories and parts, shipments:Combined index Jan. 1925=100.._

Original equipment to vehicle manufac-turers Jan. 1925=100. _

A ccessories to wholesalers doService parts to wholesalers doService equipment to wholesalers do

284

9,0051,090

5, 7532, 5913,162

15, 4753,410

269,108224, 470

44, 6381,356

148,00039, 224

124, 692

116, 03197, 527

RAILWAY EQUIPMENT

(Association of American Railroads)

i

Freight cars, end of mo.: jNumber owned thousands-.. \ 1, 642

Undergoing or awaiting classified repairs jthousands , . 131

Percent of total on line - 8.1Orders, unfilled cars..; 16,892

Equipment manufacturers do i 9,010Railroad shops do I 7, 882

Locomotives, steam, end of mo.: •Undergoing or awaiting classified repairs j

number . - j 6, 276Percent of total on line j 15. 7

Orders, unfilled number^_ I 130Equipment manufacturers do ! 118Railroad shops do j 12

(U. S. Bureau of the Census) ii

Locomotives, railroad: jOrders, unfilled, end of mo., total...number.. | 272

Domestic, total do j 251Steam . do 126Other do J 125

shipments, domestic, total do j 40Steam do ! 0Other . __do | 40

39162

1,913934

7,8344,4933,341

94,31646,58647,313

41765,310

7735,804

3,9223,494

188,757161, 62527,1321,585

141,63332,983

53, 072

47, 60656, 789

128

13394173106

43943

1,202586

18,1409,461

109,79359,52549,734

534130, 332

37,471

11,2977,791

313,392251,81961,5731,882

212,58637,923

34462

4,8742,386

19, 67610,678

113,94164,00049,463

478134,922

67 I33,737

271294

4,9011,947

22,68811,88510,803

119,63769, 70549,408

524179,930

7637,869

241206

250170

298191 i 233 1 295

4,980 4,776 i 4,7822,258 2,611 | 2,797

23,03213,476 I9,556

105,27759,16045,617

500

20,1459,837 I10,308 S

110,37160,39549,487

489

I

189,184 I 187,466

26,49710,86315,634

143,48383,05459,879

550212,331

59 74 I 6831,824 30,600 ! 35,358

730443

15,7938,1847,609

165,30496, 272

16,7569,882

351,785285,25266,5331,783

16,97611,054

452,142373,80478,3382,071

17,21312, 579432,279362,89769,3822,164

231,571 | 246,544 I 260,21641,286 I 37,460 1 45,650

18,19312,779

404,032 i337,75666,2761,850 i

224,625

16.61212,025

423, 620352,92270,6981,918

312,371

144,350 | 200,071 j 207,637 | 181,088

41,336 I 53,093

646216,818

6534,135

19,68713,487

432,746362,13970,607

1,823j

353,239 !55,982

4,2651, 521

17,1839,3077,876

170,15196, 51872,980

654201,068

7937,619

21,27712,677

391,215325,67665,539

1,744

345,74851,553

372

6,2991,382

14, 6096, 4638,146

166,92295, 03871,241

642162,101

7137, 762

17, 9308,739

344, 636286, 040

58, 5961, 266

318, 61543, 504

129, 821110, 471

159106183101

180,133162,881

15410716791

188, 839156, 008

143

17710112787

164, 925120,809

178

20191

141104

174, 572

160, 458123,874

156

16786

145118

235

8, 7743, 523

11, 2633,7277,536

160, 03492, 74472, 626

664141,977

()(2)

14, 4G83,397

231,703168, 769

62, 934825

383

9, 8771,558

6, 5392,3394,200

137,96171,57465, 774

61342,111

(2)

()

13,9931,510

75, 87346, 82329, 050

1,075

315,246 211,03150,913 j 48,980

193, 522

181,066174, 625

164

17482158139

196,747 ! 185,548

183, 900183, 481

170 j

1,644

19512.1

23, 02818,1934,835

1,642

16810.4

28, 90621, 0257,881

1,641

1599.8

36,19328,1168,077

1,638

1549.6

37, 04927,4129,637

1, 610

1559.6

34, 50924, 652

9, 857

1,643 ! 1,645

8,12519.668

0)0)

136 I

7, 55818.3644222

165140 '30 ;110 j47 |1928 i

0,98517.0442024

6, 50715. 9

511734

6, 32415.5773641

155 !9.6 |

28,112 !19,159 I8,953 |

6, 49616. 0703040

184140

27113

35o

O f )

155113

219239

633

158119

407924

123

146112

357732

527

1559.6

21,11213, 5467,566

6,604 i16.2 |

59 j29 !30 !

139 {108 i28 |80 I39 |

32 |

17891

174140

1, 648

160 ]9. 9

17,460 !11,0516,409 i

6, 675 !16.4 !

54 !32 I22 i

170 !

144 j72 j72 !44 i

6 |38 |

171,024165, 820

157

16289

172131

167,310 I 110,659

151,661173, 212

140

13980

165117 i

99, 6G4145, 064

126

10193

172120

1,649

164 |10.2 |

15,039 !9,772 i5,267 !

6,781 116.8 I

III18 1

1521267056372

35

1,645 | 1,642

1539.5

16, 9339,9746,959 !

6,653 |16.5 j

97 i8413

146 !124 !81 !43355

30

1449.0

19, 76513, 4776,288

6,50616.2115106

9

23220987

12230

24, 019

21,154100, 782

151

14798

196126

1,641

1388.6

18,45612,2786,178

6, 22615. 5114108

G

277

109143548

r Revised.1 Not available. 3 Temporarily discontinued by reporting source.SDesignation changed from "commercial licensed" or "civil aircraft" (1940 Supplement) .

Page 58: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

56 SURVEY OF CURRENT BUSINESS November 1940

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

1940

Sep-tember

1939 1940

Sep- I October ! N o v e m " \tember I U c t o b e r | ber i ber

Janu-ary

Febru-ary March j Apri] I May June July August

TRANSPORTATION EQUIPMENT—Continued

RAILWAY EQUIPMENT—Continued ](U. S. Bureau of the Census) j

Locomotives, electric, mining, and industrial j(quarterly):! !

Shipments, total number...jFor mining use „ do ;

(American Railway Car Institute) \Shipments: ;

Freight cars, total. number..!Domestic do j

Passenger cars, total _ . . . do jDomestic. do !

(Cr. S. Bureau of Foreign and Domestic Commerce) jExports of locomotives, total.. ..number..

Electric - do. . . .Steam _ ..do i

INDUSTRIAL ELECTRIC TRUCKS !AND TRACTORS !

Shipments, total . number..!Domestic ----- ..do l

Exports do j

2,8222, S22

10

0)

86S8 i.87 .

80!

799 i740 i

2 2 !22

1,1601,110 I

12 !12 |

S ii

90 j70 :20 1

1299336

2,6162,616 i

5454

13 i12 j

1 i

140 ;

4,366 !4,136 I

36 !36 |

1 1 !1 0 j

1 !

152 j118 i

34 i

5,160 |5,083 I

0 i0 !

131112

19

5,2425,142

1414

125 |119 i

6

6,588 !6,488 !

4 |

1610 !

6

132 j119 ;

13 !

5,9005,400

11

'76

26 i9 !

1 7 i

1099811

3,2603,060

66

147 i137 ]

10 !

1, 5801,478

55

135121

14

CANADIAN STATISTICS

Physical volume of business, adjusted:Combined indexed 1926=100.,

Industrial production:Combined indexc?1 do. . .

C onstruction doElectric power . . . doM anufacturing cf do

Forestrycf doMiningcP do

Distribution:Combined index _..do

Carloadings do,. _.Exports (volume) cP do.._.Imports (volume) cP doTrade employment do

Agricultural marketings, adjusted:Combined index . . . . . d o —

Grain -. do

Commod t\ { ' < ObCosr of l u . ' u i))' > = 1 "\v holesale pi res

rmt^loMnent uirst of month, \ini iCombined index

Cons' 'net on "rid in unM r mi <*M m ifictur'ii«Mining

1'-'* =1 M

dodo 21 1

1 1 I Ioit on

1 mam (.Bank dobus( o ' in or' n i f u'un.>T 'f ins irx uc «. lies now \w 1

> ami ! IK\ *w > u 1

C > 1 IIiO'l V or 411 K i it ^

1 \ - , rK I t JV 1. \tw v i it r v

Imp »• ^'v \

( 1 1 1 o

do10

Of \r\

u h r111 1*"\ +

It

lo

of If

> i

of (I 1

T .

I ' . t r » l

V, lu t V

i i (

^ T (. if

1 < ot PJS

125.8

128.348.6

246.0 i121.3 j

130.7223.2

133.1

139.743.2 ;

245.6143.7 :139. 3194.2

118.495.6 i

112.8102.0138.0

174. 4196.5 .

]"> 2l! \

x 0

1 \2

M 2">*.

1 7

114.380.0

106. 999.7

138.3

96. 596. 0

q i S

2 l )(l

133.0 i

i 3 9 . o ;40.3 !

248.1 !136.9128.7 !236.7 !

115.8 i84.0 |114.3 i102.1 !137.3 |

151.1 ;166.2 :83 2

125 •117 (»

J"

05}

133.3

138. 261.7

239.2136.9127. 6202.4 i

119.1 ;82.6 i123.7 i108.1 i141.8 :

101.3 ;107.1

122

s * 7

1J0

J

13S.6

145. 252. 1

243.4146.8 ;142.4215.6 ;

119.7 :86.7 !

130.5109. 7 :139.3

101.3 i105.7 :SI 9

116 ifis S

161 7r ; 7n » <<

2 <ri

131.2 ! 123.0 i 151.0 \ 140.6

136.2 ;61.6 !

239.8 \134.2 !125.4200.9 !

116.8 I83.1 I

106.3 J107.4 j139. 6 |

134.8 I148.0 ;

127.061.2 i

239.0 '123.3 !119.0 !185.7 j

111.5 i73.4 |96.8 !83.5 !

141.7 ;

36.7 '29. 2 ,70 1

i'4 i i n 5os 1 5') 4

1 >0 122 uW>s 4 it,7 113' 'S 1)2 b

•i P 1 9b3 J «*' 0

2 » " 2,113

159.897.4

247.1142.4152.0318.7 !

125.7 i84.6 I

169.5 !136.6 !140.4 ;

60.453.491 7

101 fSo 1

m Q"y r,

123 i164 ^Hi 1

°2 218

146.976.0

269.7139.8142.5 :229.9 i

122.6 I89.5 ;

141.0107.6M2. i :

114.7 i122.7 '79 0

Ki t <JV 1

12') 7K4 5

SS

237

1,496 11,496 |

2S |

1412

2, 3542. 354

1212

133

0)0)

141.3

147.683.9

274.2132.9160.0269.2

123.287.8

152.8106.6142.9

144. i

151.1 ,70.8 i

279.3 ;141.7 :163.1 ;

'263.7 \

125.5 !96.9 i

138.0 !111.8 !143.1 i

91.7 'lM. 981.4 j

101 9 !M.6 |

12-) 9 !90 5 !

12*1 2 !

166.7 i142 5140 7

90 3

152.5

101.690.7

2»V2.9151.7159 3274.3

126.591.7

152. 0121.0143.9

t i l l X\\)2 2

]2i 7

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bi

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2)» • *

7"), .V)3 !73 0 '7L9 ,

Ml,f.2Ji i. 570

5'1Q i11} 70"»

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I) ' • ' i i I) I'sel-mechanical. and gaso-ni\ i i r ( i 1 • n u d States manufacture.

i* i P \O T i i^« r T i n a l period in an a t tempttV \}«ii l i e JT, t rade 3*ear coinciding withi ^' si i< r J U i rti 'icial increase as compared

f ( .f 'ML 'O ' i ' " ja j ies are component factors.i \ ! ' i | ] \ i ' • revised and computed on

. f . S O Y E R N M E N T P R 1 H T 1 N S O F F I C E : 1 9 4 0

Page 59: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

I^DEX TO MONTHLY &USIK&SS STATISTICS

< i ^^ U j ' * AT I O N , BY M T 1

l ^ > . f , p - 11*

I -fMi'i *iak*

' • M I , s Mti Mi<lwitiu«il ' '

C'S uuti -/it* arm1 a)!«c<i puvi . tV< ,f •rii p i v \ e r and v5"1*i K(l«tniTs and iobacco

•1

t i . c "«i*\x'.n\i*'t an*I nvuuM< : »'v " t a d $JI i n « '

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•il . -1() v. ' - -

N

f

Pagesa

- •» I H tt , i f v J >ils, w a g e s ,t ... . .. . -_ . 26,27,28,29

LX hv^j^ „ 35,36.. . . — 42

uqjh , n . <i* , „ _ „ . ; „ 26

i • »s _ 39,40) ;i '.u . . . 40

- : l i ' >"t\T{*, t-» u i t j f a - t u c t s 2 040

i" r- - l i ,20,21 nf 26, 28, 29,51,52• » . a - K- . i u i - s . . . 2 4 .r i<v 3 8

• . . . . . . . . . „ • 2 7 , 2 84 . u ' b, ,i it.< auj States, ..., . 28.l*i r a, <, ] o *t ti ' ig HJusf'je-a • '28'

V *u- v,i < ofvpl<)yiiiuj 1, p 4>,f rolls, wages . 26,28,29

1J'4 -u> -r y , . ; ( i M » . , 1 9 . ';u, / l r 26, 27, 28, 29,46

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Page 60: NOVEMBER 1940 SURVEY - Bureau of Economic Analysis · November 1940 SURVEY OF CURRENT BUSINESS The Business Situation IN THE past month the record of business was still one of continued

INDUSTRIAL REFERENCE SERVICEThe Bureau of Foreign and Domestic Commerce

announces Industrial Reference Service

This service is inaugurated to provide comprehensive current data that can be maintained for easy reference.

It consists of a series of reports, issued in 14 sections by commodity groups. These reports cover important com-

modity and industrial developments in the United States and foreign countries. Their subject range includes data

on production, distribution prices, standards and specifications, export and import trade, foreign tariffs and

regulations as applied to specific commodities, the results of domestic market research, and foreign market surveys.

The 14 parts into which the Industrial Reference Service is divided are:

CHEMICALS AND ALLIED PRODUCTS, Parti: Industrial chemicals MOTIVE PRODUCTS AND EQUIPMENT, Part 9: Aeronauticaland allied products; organic chemical products; drug and toiletry products; railway equipment; motor vehicles, including cycles andproducts; plastics; paints and allied products. marine; highway products,

ELECTRICAL PRODUCTS, Part 2: Electrical and communication _ „ „ „ „ nxrr% ._„ T «™ T T ™ n « ,~ ^ ,roducts RUBBER AND ITS PRODUCTS, Part 10: Crude and synthetic rubber;

rubber manufactures.FOODSTUFFS, Part 3: Canned and dried foods; grain products,including horticultural; meats; livestock; fats; oils; sugar products; STQm C L A y^ R m G L A g s PRODUCTS, Part 11; Stone; glass:tropical products; perishable products, pottery and other clay products.FOREST PRODUCTS, Part 4: Lumber and allied products; pulpand paper products; cork. TEXTILES AND RELATED PRODUCTS, Part 12: Cotton ma'i J .n •LEATHER AND ITS PRODUCTS, Part 5; Leather raw materials; imes* k n i t goods; raw cotton; waste and linters; si!k# raycr, ina.leather and leather manufactures, synthetic fiber products; wearing apparel; furs; textile sp^ :<• *•*$.«- - ~.,.~..~~... , , ,~ « ^ , w « ,,-,»,,„ ^ , wool; floor coverings; linens: laces.MACHINERY AND EQUIPMENT, Part 6: Agricultural; construction

ro ,-

operated; office supplies and equipment. manufactures; cigars and cigarettes; snuff; nicotine; extracts, i •; v:: -

METALS AND MINERALS Part 7: Iron and steel; foreign construe S p E C m L pRODUCTS, Part 14: Amusement, athlefcc ^rtion; fuels; hardware; nonferrous metals; nonmetalUc minerals. g o c d s . { i r e Q r m s ; m u s i c a i i n s t r u m e n t s ; b r o o m s ; b r u s h e S f ,:,MOTION PICTURES AND EQUIPMENT, Part 8: Films; cameras; fire extinguishers and safety devices; graphic arts; jfv.V.rv, -projectors; sound equipment; educational and industrial motion pic- notions and novelties; scientific and professional eo^c ; , .hires; film markets. goods; photographic materials; toys.

The Industrial Reference Service is distributed primarily through annual subscription. The entire service, 14 parts, is availalxe : '. ,;;per year. Single parts are available at $1 per year except Machinery and Foodstuffs which are $2 per year, and Chemicals V.VCL - N 4per year. Subscriptions may be entered for the entire service, for a single part, or for any combination of parts. Single copies of ire vi . urtffcorts are available at 10 cents each. Each report is issued in standard format, paper size is 8>2 x 11 inches, punched for a sianaarc t lee-ring binder. Binders are not available through the Bureau o! Foreign and Domestic Commerce but may be obtained from most off'co -••* r'\firms.

SPECIAL SUBSCRIPTION OFFERAll subscriptions received prior to January 1, 1941, will be entered as ol January 1, 1941, but subscribers will receive, gratis,

all material for the remainder of 1940, The first mailing of material was made October 29,1940, Thereafter, material compris-ing each of the 14 parts has been mailed whenever available on Tuesdays, Those who subscribe to the whole service, 14 parts^receive some material each week. On the other handf those who subscribe to a single part, or to two or three parts, do notnecessarily receive material every week. However, all material received by the Bureau for inclusion in any part of theservice will be edited and released as rapidly as possible,.

• SUBSCRIPTION REMITTANCES, by check or money order payable to the Bureau o£ Foreign and Domestic Commerce,should be forwarded to the Bureau in Washington, The service is NOT available through the Superintendent of Documents.