survey of current business january 1953 - fraser...nonfarm business firms anticipate expenditures...

JANUARY

U. S. DEPARTMENT OF COMMERCE

OFFICE ™ RUSINESS ECONOMICS

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

SUBVEY OF CURRENT BUSINESS

No. 1

J A N U A R Y 1953

PAGE

THE BUSINESS SITUATION 11953 Investment Programs 3

* * *

SPECIAL ARTICLESGrowth Trends in the Economy 5State and Local Government Receipt and Expenditure

Programs 11

* * *

MONTHLY BUSINESS STATISTICS. . . . .S-ltoS-40Statistical Index Inside Back Cover

Published by the U. S. Department of Commerce, C H A R L E S S A W Y E R ,Secretary. Office of Business Economics, M. JOSEPH MEEHAN,Director. Subscription price, including weekly statistical supplement, is$3.25 a year; Foreign, $4.25. Single copy, 30 cents. Send remittances toany Department of Commerce Field Office or to the Superintendent of Docu-ments, United States Government Printing Office, Washington 25, D. C.Special subscription arrangements, including changes of address, should bemade directly with the Superintendent of Documents. Make checks payableto Treasurer of the United States.

DEPARTMENT OF COMMERCE

FIELD SERVICE

Albuquerque, N. Mex.204 S. 10th St.

Atlanta 3, Ga.86 Forsyth St. NW.

Baltimore 2, Md.200 E. Lexington St.

Boston 9, Mass.40 Broad St.

Buffalo 3, N. Y.117 EiHcott St.

Butte, Mont.306 Federal Bldg.

Charleston 4, S. G.Area 2,

Sergeant Jasper Bidg.

Cheyenne, Wyo.308 Federal Office Bldg.

Chicago 1, III.221 N. LaSalla St.

Cincinnati 2, Ohio105 W. Four

Cleveland 14, Ohio925 Euclid Ava*

Dallas 2, Tex.1114 Commerce Sfi«

Denver 2, Colo.142 New Custom House

Detroit 26, Mich.1214 Griewold St.

El Paso, Tex.Chamber of Commerce

Bldg.

Hartford 1, Cona.135 High St,

Houston, Tex.430 Lamar St.

'%

Jacksonville 1, Fia.311 W. Monroe S*»

Kansas City 6, Mo.903 McGee S*

Los Angeles 15, Calif.112 West 9th St.

Louisville 2, Ey.631 Federal BSd§.

Memphis 3, Tean.229 Federal Bidg.

Miami 32, Fla.36 NE. First St.

Milwaukee 2, Wig.207 E. Michigan St.

Minneapolis 2, Minn.607 Marquette Ave*

Mobile 10, Ala.109-13 St. Joseph St.

New Orleans 12, La.333 St. Charles Ave,

New York 13, N. Y.346 Broadway

Oklahoma City 2, Okla.114 N. Broadway

Omaha, Nebr.105 Federal Office

Building

Philadelphia 7, Pa.1015 Chestnut St.

Phoenix, Ariz.311 N. Central Ave,

Pittsburgh 22, Pa.717 Liberty ATS.

Portland 4, Oreg.520 SW. Morrison §t*

Providence 3, R. I.327 Post Office Annez

Reno, Nev.1479 Wells Ave.

Richmond, Va.400 East Mala St,

St. Lonis 1, Mo.1114 Market St»

Salt Lake City 1, Utah109 W. Second St., So.

San Francisco 2, Calif.870 Market St.

Savannah, Ga.125-29 Bull St.

Seattle 4, Wash.123 U. S. Court House

For local telephone listing, consult section

devoted to U. S. Government


JANUARY 1953

THE

SITUATION

Consumer Instalment Creditgrew rapidly last year

BILLIONS OF DOLLARS

20

15

10

TOTAL INSTALMENT CREDIT OUTSTANDING(END OF QUARTER)

NEW CREDITREPAYMENTS\/

I960 1951 IT O T A L F O R Q U A R T E R

1952*

with new credit higher relative to purchasesPERCENT

15

IO

NEW INSTALMENT CREDIT ASA PERCENT OF PERSONALCONSUMPTION EXPENDITURES

\ \ I J_ I \ I

1950 I 1951 1952** FOURTH QUARTER INCLUDES ESTIMATES FOR DECEMBER

€/. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS 52-193

235640°—53 1

By the Office of Business Economics

BUSINESS activity continued strong in November andDecember as heavy buying brought retail sales to new highsfor the holiday period. During the final quarter of the year,in response to rising demand for the national product in allmajor sectors of the economy, goods and services flowed inincreasing volume into personal consumption, private invest-ment, and to Government. A notable accompaniment ofthis activity was an expression of investor confidence in theeconomic outlook through bidding up industrial stock pricesto the highest levels since 1929.

It is noteworthy that the constantly increasing pressuresof demand in the past year have not been accompanied by arising commodity price level. Wholesale prices continuedto sag in December as farm product prices yielded furtherunder the pressure of seasonally heavy marketings andreduced export demand. Processed food prices also movedlower in reflection of the movement of the raw materials,while average prices of industrial products continued firm.According to this evidence from the market place, large asaggregate demand has been, supply has fully kept pace.

Apart from the adjustments in agriculture, the currenteconomic situation is generally well balanced. Changes inthe major sources of supply or demand for the nationalproduct appear to be fairly uniform and limited in degree,with the result that nearly all industry groups are showingstable or rising production trends in contrast to the divergentmovements of 1951. Owing to the cautious business attitudewith respect to inventory management in the past year,production has been closely adjusted to final demand; in-ventory accumulation has been moderate and mostly in thedefense and other durable goods industries where part of theadditions to stock in recent months was needed to correctimbalances growing out of the steel shutdown. Most busi-nessmen appear to view their inventories as about right insize in relation to the high volume of sales.

Personal consumption expenditures have been a mainstayof demand, particularly since last spring. Supported by acontinued high volume of personal income, the current rateof consumer spending provides a broad base in support ofindustrial operations. Furthermore, as detailed on a sub-sequent page of this issue, a high rate of private fixed capitalformation is expected to continue throughout this year.

A clue to future demand upon the national product bythe Federal Government was provided by the Federal Budgetfor the fiscal year 1954, submitted to Congress on January 9.This contemplated expenditures of $78% billion for the fiscalyear 1954 as compared to $74K billion for fiscal 1953. Ofthis $4 billion increase, $2 billion was accounted for bylarger Defense Department outlays for major procurement,operation and maintenance; atomic energy development wasestimated to cost an additional $% billion; and foreign eco-nomic and military aid was expected to increase by $1%billion over fiscal 1953.

Budget receipts for the 1953 fiscal year were estimated aimore than $68% billion; approximately the same amount wasestimated for fiscal 1954 based on expected higher levels ofincome and product which it was anticipated would offsetthe expiration of the excess profits tax on June 30, 1953 and


SURVEY OF CURRENT BUSINESS January 1953

the scheduled reduction in income tax rates effective begin-ning January 1, 1954. A budget deficit of nearly $6 billionwas thus outlined for fiscal 1953 and, on the assumptionscheduled tax reductions will take place, one of almost $10

Table 1.—Federal Budget Expenditures, Fiscal Years 1952-54 l

[Billions of dollars]

Program

Total budget expenditures

Major national securityMilitary services _ _ _ _ _ _International security and foreign relationsOther

Veterans' services and benefits _InterestAll other Government programs -

Fiscal years

1952

actual

66.1

47.239.7

5.32.2

4.95.98.1

1953

estm

74.6

53.244.46.02.8

4.56.5

10.4

1954

lated

78.6

57.346.37.93.2

4.66.4

10.3

1. Detail will not necessarily add to totals due to rounding.

Source: U. S. Bureau of the Budget.

billion in fiscal 1954. The prospective consolidated cashdeficit was, of course, much lower—$2 billion in fiscal 1953and $6K billion in fiscal 1954.

Expansion of Consumer Credit

The steady rise of retail trade and consumer expendituressince early in 1952 has been assisted by a rapid expansionof consumer short-term debt. However, aggregate personalsaving, which measures additions to personal assets lessadditions to personal liabilities (including consumer debt)

Automobile credit has fed the recentexpansion of instalment sale credit

10

TOTAL INSTALMENT SALECREDIT OUTSTANDING

(END OF QUARTER)

AUTOMOBILE DEALERS:

..i;ALL OTHER RETAIL STORES;Is .* \ t I \

1950 I 1951 I 1952*

* FOURTH QUARTER INCLUDES ESTIMATES FOR DECEMBER

U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS 52 - 192

amounted to 8 percent of disposable income in 1952, a figurewhich was rather high by historical standards.

The rise in consumer debt began in April, before the sus-pension of Regulation W by the Federal Reserve, effectiveMay 7. In April new credit granted to consumers exceededrepayments by one quarter billion dollars. Since the liftingof controls, expansion of consumer debt has been unusuallyrapid, with the amount outstanding reaching $22.8 billion atthe end of November, an increase of more than $3 billion, orabout one-sixth, since March as compared with a $.6 billionrise in the like period of 1951. ,

The rise in 1952 represents the resumption of a trend whichhas been under way since 1945. Notwithstanding the recentlarge expansion, total consumer credit outstanding in 1952

CONSUMER CREDIT OUTSTANDINGin recent years has averaged between8 and 10 percent of disposablepersonal income

50 100 150 200 250DISPOSABLE PERSONAL INCOME-TOTAL FOR YEAR

(BILLIONS OF DOLLARS)

U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS 52 -190

has borne about the same relationship to disposable personalincome as in the five years preceding the war.

During the war the combination of credit controls, thecessation of production of many durable goods, and greatlyincreased liquid asset holdings b}^ consumers resulted inlowering the relative use of consumer credit, and particularlyinstallment credit, to a minimum for recent decades. In1945, the ratio of new instalment credit to total personalconsumption expenditures was 3.9 percent, compared to 10.8percent in 1940, while instalment debt repayments absorbedonly 3 percent of disposable personal income in 1945, **-sagainst 9 percent in 1940. Since 1945 the volume of bothnew credit granted and of repayments have grown in everyyear as merchants have used credit more and more liberallyto promote sales. It is estimated upon the basis of data foithe first 11 months that in 1952 new instalment credit granted

(Continued on p. 16)


January 1953 SURVEY OF CURRENT BUSINESS

1953 Investment Programs

BUSINESS expects in 1953 to maintain its record1951-52 rates of capital spending, according to a preliminarysurvey conducted during October by the Office of BusinessEconomics and the Securities and Exchange Commission.Nonfarm business firms anticipate expenditures for newplant and equipment during 1953 of $28.3 billion, as com-pared to $26.9 billion and $26.3 billion, respectively, in 1952and 1951. Changes in capital goods prices during the lasttwo years have been quite moderate so that the anticipatedphysical volume of facilities acquisitions in 1953 is probablylittle different from that in either 1951 or 1952.

Investment trends within 1953Last month's Survey reported that capital expenditures

in the first quarter of this year are expected to reach a sea-sonally adjusted annual rate of $28.7 billion. Comparisonof this rate with spending programs for the year as a wholewould imply some lowering of plant and equipment outlaysin later quarters, and the anticipatory data do suggest somepeaking in investment in the early part of this year.

However, the 1953 spending programs may be under-stated both in absolute terms and relative to first quarterexpectations, since past surveys have shown that the tend-ency toward incompleteness in reporting future programsincreases with the period of forward planning. In addition,the annual programs were reported in October 1952 whilethe quarterly estimates are based on information suppliedby business in November—a possibly significant differencein timing. However, the first quarter figure may actuallybe especially high due to some carryover from 1952 incapital goods demand as a result of the recent steel strike.

The regular annual SEC-OBE survey of business plans,which will be reported in the April issue of this magazine,

will provide further information on the intra-year investmentpattern.

Variations among industry groupsAmong the major industries, planned outlays by manu-

facturers in 1953 are 4 percent below last year and the non-rail transport companies expect little change, while publicutilities, mining and commercial companies have scheduledcapital outlays moderately above 1952 (see table 2). Thelargest cutback in capital expenditures from 1952 willprobably be made by the railroads. Although anticipatorydata were not collected from the railroads in this survey, aspecial survey conducted by the Office of Business Economicsof large roads accounting for more than two-fifths of thisindustry's outlays in 1952 indicates that 1953 outlays areprogramed to be about one-fifth below 1952 expenditures.

Defense industries taper., nondefense firmThe defense facilities expansion program has now passed

its peak, and some industries are well along toward comple-tion of their expansions covered by certificates of necessity.Some industries with a substantial volume of certificates areshowing reductions in capital goods demand.

Increased strength, on the other hand, is evidenced bymost nondefense industries and in defense areas with lessadvanced programs. Reflecting in part the mixed trendsamong defense industries and the strengthening of demandin consumer goods industries, there is little difference indi-cated in the 1953 investment trends among the various size-classes of firms.

Thus, despite the diminishing force of the defense expan-sion programs, the current capital goods picture is still

I / ft // 9\ /ketA after the c^Def-ar

ON DECEMBER 29, 1952, the Department of Com-merce issued a 90-page report entitled. Markets after theDefense Expansion, which is now available at 55 centsfrom the Superintendent of Documents, GovernmentPrinting Office, or from the Department's Field Serviceoffices listed on the inside front cover of this magazine.On the back cover are shown the titles of the 10chapters comprising its contents.

The new report in a sense parallels one published in1943 by the Department under the title, Markets afterthe War, which was reprinted and widely distributed bythe Committee for Economic Development, and by theSeventy-eighth Congress as Senate Document No. 40.In each case the Committee for Economic Developmentfelt that the business community needed a comprehen-sive analysis of the outlook for civilian markets afterthe peak of military expenditures had been passed.

Last year Mr. Marion B. Folsom, Chairman of theCED Board of Trustees, stated as follows the problemto which the present report is addressed:

e-enAe

"We shall need information as to what the post-rearmament level of demand may be, both military andcivilian; what civilian demand will need to be to main-tain high employment; and what a high employmentlevel of demand is likely to mean for the markets forgoods and services. We realize that such projectionswould be subject to considerable uncertainty; never-theless, we believe that they would be of the greatestvalue as starting points for the development of plansand programs for action."

Announcement that the Department would under-take the project was made on July 18, 1952, and thefirst meeting of a newly created advisory committee ofconsultants from outside the Government was held onSeptember 16.

The two articles in this issue of the SURVEY OFCURRENT BUSINESS are based upon data and analysesdeveloped in the course of preparation of Markets afterthe Defense Expansion.


SUEVEY OF CURKENT BUSINESS January 1953

strong. The near-term demand for productive facilities isstimulated by high overall activity, income and employment.Sales and earnings expectations are favorable, financing is

Business Plant andEquipment Outlays

BUSINESS programs continuedhigh investment in 1953

30— —

20 —

10 —

1950 1951 1952 1953U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS 52-181

generally available on reasonable terms, and the materialssupply situation is rapidly easing.

Manufacturers' investment

Manufacturers have scheduled capital outlays in 1953 at$11.9 billion as against $11.1 billion and $12.5 billion,respectively, in 1951 and 1952. Relative to the full year1952, anticipated 1953 expenditures by durable goods indus-tries are off 9 percent, while nondurable goods producersexpect to maintain last year's rate.

Greater-than-average declines within the durable goodsgroup are expected by the motor vehicle, other transporta-tion equipment, nonferrous metals, and the primary ironand steel industries. In the nonferrous group a very largeexpected cutback in investment by aluminum companies ispartially offset by a programed increase among coppercompanies. Both aircraft and railroad equipment pro-ducers are contributing to the anticipated decline in thetransportation equipment industries. On the other hand,electrical and nonelectrical machinery producers expect toexpand sizably their 1952 rates of investment during 1953.Especially large spending plans were reported by agriculturaland office and business machinery companies. The fabri-cated metals group anticipates a moderate increase from lastyear's rate.

Within the nondurable goods group, 1953 plant and equip-ment expenditures higher than in 1952 are expected by

rubber, petroleum and beverage companies. The chemicalsand paper and paper products industries expect little change-in their 1953 investment, while food and textiles companiesare lowering their facilities programs.

Nonmanufacturers expect to hold 1952 rates

In the nonmanufacturing area increased spending programsby public utility, mining, and commercial companies in 1953will just about offset the reduced spending schedules of therailroads. Little change in fixed investment rates is antici-pated by nonrail transport companies.

In the utility field the electric power companies expect tospend about 10 percent more in 1953 than in 1952. Almostoffsetting this increase is a reduction in spending programsby gas companies.

Table 2.—Expenditures on New Plant and Equipment by UnitedStates Business, 1951-53 1

Manufacturing ___ _ __ _ _

Durable goods industries _

Primary iron and steel __ _Primary nonferrous metalsFabricated metal products-Electrical machinery and equipmentMachinery except electrical

Motor vehicles and equipmentTransportation equipment excl. motor vehicles-Stone, clay and glass productsOther durable goods 4 __ _

Nondurable goods industries „ ___

Food and kindred products. _ _BeveragesTextile mill productsPaper and allied products

Chemicals and allied productsPetroleum a n d coal products _ _ _ _ _ _ _ _Rubber productsOther nondurable goods 5 _ _ _ _ _ __

IVtining

Railroad

Transportation, other than rail

Public utilities __

Commercial and other "

Total

Millions of dollars

1951

11, 130

5,168

1,304277421359675

736182388826

5,962

657311695489

1,2832,014

187327

911

1,474

1,492

3,855

7,470

26,332

19522

12,452

5,869

1,681502350389763

810214293866

6,583

634381512433

1,5072,494

245378

850

1,398

1,394

3,961

6,804

26,860

19533

11,907

5,326

1,391376360454820

686160280798

6,582

589416380424

1,4502,651

271401

871

1,120

1,384

4,017

6,972

26,271

Per-cent

change1952-53

-4

-9

-17-25

3177

-15-25-4^. ?

6

—79

-26-2

-46

116

2

-20

-1

1

2

-2

1. Data exclude expenditures of agricultural business and outlays charged to current ac-count.

2. Includes estimates for the fourth quarter based on anticipated capital expenditures asreported by business in November 1952.

3. Estimates for 1953 are based on anticipated capital expenditures as reported by businessin October 1952.

4. Includes lumber products, furniture and fixtures, instruments, ordnance and miscel-laneous manufacturers.

5. Includes apparel and related products, tobacco, leather and leather products and print-ing and publishing.

6. Includes trade, service, finance, communication and construction.

Source: U. S. Department of Commerce, Office of Business Economics, and Securities andExchange Commission.

The expected increase in mining outlays is entirely attrib-utable to oil and gas extraction companies. Maintenanceof 1952 rates is programed by metals mining, coal and othermining industries. In the nonrail transportation grouplowered capital outlays expected by the airlines, local transitand water transportation companies are offset by increasesin spending plans by trucking, bus, and oil pipeline companies.Within the miscellaneous group slighlty higher investmentin 1953 is planned by trade, construction, finance and servicecompanies.


by Louis J. Paradiso and Francis L. Hirt

Growth Trends in the Economy

T.HE American economy in the past 50 years has showna remarkably persistent rate of growth. This long-termcharacteristic is best reflected by the course of the Nation'stotal production of goods and services, which has increasedat an average rate of about 3 percent per year.

Indeed, since 1940 the rise in total output has been evenfaster—averaging 5 percent per year. This more rapid ex-pansion represents the gains made from the immediate pre-war years—when unemployment was substantial and totalproduction was below the long-term trend—to the highactivity period of recent years.

It is, of course, true that the long-term growth of theeconomy has been interrupted periodically by cyclical declinesin business activity of varying amplitudes and duration.But each period of decline has been followed by a period ofrecovery which eventually brought total production to anew high.

Furthermore, in every period some industries and prod-ucts have shown exceptionally rapid production growth andtheir activities have contributed to the general upswing orhave helped to restrict the decline. The bulk of Americanindustry, however, cannot be classified as fast-growing,though many old-established industries have expanded andjecome vigorous through aggressive marketing and forward-looking programs.

It is the purpose of this study to illustrate the wide diver-gences among industries and products in trends of output fromthe immediate prewar period to the present. Particularemphasis will be given to delineating the characteristics ofthe new fast-growing industries and products and to illus-trating the trends in the old-established industries whichhave continued to expand at a rapid pace.

The output of most industries in the postwar period hasbeen greatly in excess of prewar rates. This was associatedwith population growth, much higher purchasing power, andhence greater demand for all types of goods and services,and with the very heavy investment in plant and equipmentwhich brought substantial additions to the capacity toproduce.

In this favorable economic climate, the output of many in-dustries and products has, however, shown exceptionallyrapid growth. These include a host of relatively new prod-ucts, such as the "miracle" drugs and synthetic fibers, aswell as a number of old-established ones, such as electricpower and cigarettes.

To further the development and marketing of new prod-ucts, many firms are allocating an increasing proportion oftheir budget to industrial and scientific research and toproduct testing. In 1951, for example, direct outlays forsuch purposes by industry amounted to $1.2 billion; in addi-tion, nearly another $1.5 billion was spent through Govern-ment-supported programs. This represents a substantialincrease in expenditures for these purposes over the prewarrates. Thus, a steady flow of new discoveries can be de-pended upon and the associated work toward their applica-tion is rapidly being expanded.

NOTE—MR. PARADISO IS THE OFFICE OF BUSINESS ECONOMICS' CHIEFSTATISTICIAN AND ASSISTANT DIRECTOR: MR. HIRT IS A MEMBER OFTHE CURRENT BUSINESS ANALYSIS UNIT OF THE OFFICE OF BUSINESSECONOMICS.

As in the past, the fruits of industrial and scientific researchcan be counted upon to contribute importantly to theNation's growth in the period ahead. Also, the marketing ofnew products and improvement in the quality of old haveresulted in real benefits to both producers and consumers.

Newly developed products display a variety of patterns intheir market-life. Some do not seem to "catch on" and afteran ephemeral life disappear from the market place. Othersgo through a rapidly growing phase after which the rate ofgrowth diminishes. Still others maintain a strong growthover a long period of years, with no apparent diminution inthe demand. Illustrations of divergent experiences coveringthe period of the last decade are shown in the chart.

For the new products which are successfully launched,rising demands are accompanied by expansion in invest-ment—in new plant and equipment and in inventories. Asthe demand catches up and exceeds the supply, new plantsare built to increase the capacity to produce. The favorabledemand and profit prospects in the new lines provide induce-ments for business entries into the new product field both inthe production and distribution sectors. They further pro-vide incentives for existing firms to add the new lines tocomplement their old ones. Many established companieshave thus expanded by developing entirely new lines, inaddition to improving the quality of their existing productsand finding new and broadened markets for regular lineproducts.

Consumers also benefit from the marketing of new orbetter quality products which add to the variety and enjoy-ment of available goods and services. The benefits increaseas the efficiencies of rising production are passed on in lowerprices, as has been demonstrated in many cases in recentyears.

In view of the rapidity with which new products have beenintroduced in the recent period, and the fact that the demandfor many of them is still in the expanding phase, it appearsthat, in the aggregate, they will continue to contribute im-portantly to total business activity in the near-term future.

Divergence in trends of outputTo illustrate the diversity of the production trends, data

have been collected on specific industries and products, goingback to 1900 where possible. Altogether, over 160 serieswere compiled. These are listed in an accompanying table.

It should be emphasized that the list is only a partial one.The particular items included serve to exemplify the widerange and character of recent production trends, with specialemphasis on the growth rates of products which have beenrecently introduced and on the established fast-growingindustries. Many industries and products, because of lackof data or for other reasons, have not been included.

Because of the partial nature of the list, it excludes manyitems which are well known to be new and growing; it alsoexcludes other items which have shown declining tendencies.For example, industrial applications of electronic devicesand measuring and controlling instruments have made greatstrides in recent years. The growth in the use of these andother types of machines has been due in part to the greateraccuracy of operations, better quality control, and to the


6 SUKVEY OF CUEEENT BUSINESS January 1953

Illustrations of production changes from 1940 to 1951compared with the increase in total national output

Many industries or products have increased at a fasterannual rate than total output. . .

PERCENT40 I

20

10

20 PERCENT OR MOREINCREASE PER YEAR //

//

' ••MAN-MADE FIBERSOTHER THAN RAYON

-AIR PASSENGER-MI(,6$

•PLASTICS

GROSS NATIONAL'PRODUCT

PERCENT40

30

10

BETWEEN 5 AND 20PERCENT INCREASEPER YEAR

•FROZEN FOODS

...REPAIRS, HOUSEHOLDDURABLES

.-TRACTORS•RAYON AND ACETATE•MOTOR TRUCK TRANSPORTATION

GROSS NATIONAL'PRODUCT

while others have increased at a slower rate or declinedPERCENT PERCENT20

10

0 TO 5 PERCENTINCREASE PER YEAR

GROSS NAT/ON At,•PRODUCT

[..CRUDE PETROLEUM"STEEL INGOTS-COARSE PAPERS••LUMBER

10

-10

DECREASING INDUSTRIES

...GROSS NATIONALPRODUCT

/SOAP (EXCL. DETERGENTS)(ANTHRACITE

./MANUFACTURED TOBACCO\CREAMERY BUTTER

••RANGE BOILERS

U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS 52-191


January 10f>3 SURVEY OF CURRENT BUSINESS

cost-reduction possibilities which are offered by such newproducts. It has not been possible to examine the growthtrends in many of these areas primarily because of lack ofdata.

In general, a number of basic characteristics were notedin the evaluation of the production movement of the selectedindustries or products.

1. Some industries—such as cigarettes, electric power,telephone service, and motor truck transportation—con-tinue to be fast-growing over long periods and are onlymoderately affected by business fluctuations.

2. Other industries show a very substantial response todepression and recovery forces but, after allowance for theinfluences of these forces, maintain a net upward growth.Examples of these industries are washing machines, electricranges, aluminum, and paper.

3. Some other industries go through a period of very rapidgrowth in their early stages of development, after which therise in production and demand moderates; in some of thesecases output may eventually stabilize or even decline. Ex-amples of these latter industries are lumber and anthracite,where the long-term trends have been downward since theearly twenties.

4. Many industries have been in production only in recentyears and, consequently, are still in the phase of very rapiddevelopment.

Basis of classification

The selected industries have been classified in three broadgroups—fast-growing, moderately or slowly growing, anddeclining, on the basis of their experience since 1940.

A lost industries have shown very substantial growth since'940, but much of this growth has been associated with theincrease in total economic activity during this period. Con-sequently, in classifying the industries on the basis of theirrates of growth or decline, it was necessary to take account ofthe effect of the growth of the total economy upon the trendof the particular industry.

A number of methods can be used to derive the "true"trend, but in the final analysis the particular method selectedmust rest, to some degree, on judgment. The classificationshown in the list was based on the simplest possible approachto determine the trend—namely, the average annual rate ofchange from 1940 to 1951.

As already indicated, the total physical output of theNation increased in this period by an average rate of 5 per-cent per year. An arbitrary selection of the rapidly growingindustries was made by including in the first group of the listonly those items which had an average rate of increase of 7%percent or more per year; in other words, those which hadincreased by at least half again as much as total output overthis period.

The middle group includes a selection of moderately andslowly growing industries—-those having an average annualrate of increase from 0 to 7/2 percent. The lower groupincludes industries showing actual declines in the periodselected.

Other methods of determining the trends and classifyingthe items, such as by least squares trend analysis or by acombination of trend and cyclical considerations, would pro-duce different classifications. However, in any case, a major-ity of the items would fall within the groupings shown in thetable.

The table shows the actual production for the years 1940,1948, 1951, and 1952 (preliminary); also presented is theaverage annual rate of change for the period 1940 to 1951, A

typical representation of the variety of trends over this periodis portrayed in the chart.

New and old products show fast growthThe group of fast-growing industries includes 60-odd items.

The value of output of these goods and services, although thelist is incomplete, is large—over $40 billion in 1951, or fourtimes that of 1940.

Among the fast-growing industries are included both newly-developed industries of the past dozen years and the old oneswhich are still rapidly expanding. These industries coverall categories of durability—nondurables, durables, andservices. Such fast-growing products as television sets,freezers, and clothes dryers are examples of consumer hardgoods. Antibiotics and frozen foods are typical of the con-sumer nondurable goods group. Diesel locomotives andtruck trailers are illustrative of producers' durables. Suchitems as synthetic rubber and man-made fibers illustrate theraw and semi-finished materials, while electric power and airtransportation exemplify the services.

Over one-third of the items in the fast-growing group arenew products; the remainder comprises old-established prod-ucts which have continued to grow rapidly in the past decade.

For the 60-odd products which are included in the fast-growing group, the weighted average increase has been 10percent per year, with the rate of growth per year rangingfrom 7/2 percent for washing machines to over 100 percent forantibiotics.

No attempt is made here to forecast the course of the fast-growing industries in the next several years; nor has anyattempt been made to predict the newr markets which mighteventuate in the future as a result of new discoveries andapplications.

Other sectors in which rapid expansion is indicated—par-ticularly those influenced by such factors as the increase inthe population and in the number of cars in use—are outsidethe scope of this analysis. Such growth possibilities wouldextend to the large demand for school teachers, schools, com-munity facilities associated with growing suburban areas, andthe expansion of the Nation's highway system.

Relation of growth industries to cyclePast experience has indicated that, in general, the output

of durable goods items has responded more markedly tobusiness fluctuations than that of nondurables and services.For a comparatively new durable product, however, thegrowth forces have usually been more dominant, and a severedecline in business activity has tended to interrupt growthonly temporarily. Among the new nondurable goods andservices the growth has continued even under moderatelyadverse general business conditions. Thus, a general busi-ness decline would affect the demand for the fast-growingitems in varying degrees, with the pattern of change beingmore moderate than that of the old-established products.

It should be noted that in 1951 and continuing throughpart of 1952, the output of some industries declined from1950 even though total business activity continued upward.This was particularly true of many of the consumer durableproducts, including some relatively new items which hadbeen fast-growing in the prior years.

The 1951-52 reduced rates of output in these cases wereassociated with a number of special and temporary develop-ments which followed the outbreak of hostilities in Korea in1950. Among numerous other factors, these included thetwo buying waves following Korea; the imposition of creditcontrols; the diversion of many resources for military use;


8 SURVEY OF CURRENT BUSINESS January 195

Growth rates in output havevaried among the fastgrowing industriesSince 1948 these industries have exceededtheir 1940-51 average rate of growth . . .

BILLION POUNDS4.0

FROZEN3.0

2.0

1.0

.8

.6

.5

,4

-FOODS

I I I I I I I I I I I

MILLION SHORT TONS4 . 0 J

PHOSPHORIC3.0

2.0

1.0

.8

.6

.5

.4

-ACID

1 I I I I I I I I I I I

BILLION TON-MILES400

300

200

100

80

60

50

40

MOTOR TRUCK-TRANSPOR- _TAT ION

I I I I I I I I I I I I

these have maintained the rate . .MILLION SHORT TONS1.5

1.0

.8

.6

.5

,4

.3

,2

ALUMINUM

BILLION KW-HRS.1500

ELECTRICPOWER

1000 '

800

600

500

400

300

200

i M M I I I II I M I I mnlj I I I I I II MM

while these have slowed down

BILLION PASSENGER-MI.15

BILLION POUNDS4.0

3.0

2.0

RAYON AND-ACETATE

9 I I I I I I I I I I I I I

THOUSANDS2000

1000

500

400

300

200

100

TRACTORS

M I I I I i I i I I I

NUMBER4000

3000

2000

1000

800

600

500

400

300

200

LOCOMO-TIVES

(DIESELELECTRIC)

1940 45 50 1940 45 50

RATIO SCALES —

1940 45 50

U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS 52-194

and the uncertainties with respect to price movementsThese factors had the effect of slowing down consumer purchases of many items relative to the level and direction oincome. In the last half of 1952 production of most of thesitems was moving upward again as a result of the graduawearing out of the effects of the buying waves and the monfavorable development of the other factors.

Most industries grow moderately or slowly

Practically all of the moderately- or slowly-growing products shown in the list—those which increased by less thar7/2 percent—are old-established. These include a wide rang(of goods and services with long established uses both foiindustrial and consumer purposes and comprise the majo]output of American industry. Some of the products whicrhave grown at a slower rate than the national average growtlare those which usually in the past have been relativelyinsensitive to changes in aggregate demand. Examples oJthese are salt, shoes, flour, soap, tobacco, and condensedmilk.

Even in this period of substantial general economic growthof the past decade, the output of some industries and prod-ucts has shown declining tendencies. The table lists 17 oithese cases. There are a number of reasons for these decliningtrends. Substitutions of products by more efficient, betterquality or cheaper items have been important considerationsin many cases; examples of these items are steam locomotives,which have been mostly displaced by the diesels; anthracite,which has been steadily losing out to competing fuels; andsoap, which has declined as a result of some considerablereplacement by the detergents. In other cases consumertastes have changed with consequent shifts to other products.Thus, tastes have shifted from pipe smoking toward widuuse of cigarettes, with the result that a decline has takenplace in the output of manufactured tobacco.

Contribution to economic activity

Of special interest is the impact of rapidly-growing prod-ucts on the economy. As already indicated, the developmentand marketing of these products involve considerable outlaysfor new plant and equipment. In a special survey recentlyconducted by the Department of Commerce, many com-panies indicated their intentions to add to capacity for theirproduction. While it is not possible to derive an OArer-all totalfor the amount of such investment, nevertheless, such expan-sion would provide some offset to declines which may occurelsewhere in the economy.

It should not be implied that the sales associated withthe fast-growing products represent in all cases a net addi-tion to the total activity of the industry concerned. Someof these products are directly competitive with establishedproducts; man-made fibers are an example where not all ofthe sales represent a net amount of new business for thetextile industry as a whole. Even in such cases the devel-opment of new products leads to additional investment inplant and equipment. On the other hand, many new prod-ucts marketed in recent years are not directly competitivewith old-established ones and hence provide a net addition.

Illustrations of Rapid Growth

In view of the divergent characteristics of growth indus-tries, it is of interest to examine a few cases briefly to bringout the nature of the expansion and the problems involved.


January 1953 SURVEY OF CURRENT BUSINESS

Table 1.—Production Trends of Selected Industries and Products in the Period 1940 to 1951

9

Product or service Unit

Aver-age

annualrate ofgrowth1940-

51, per-cent

Production

1940 1948 19511952(pre-limi-nary)

Rapidly Growing Industries—Increases at an Average Annual Rate of 71/. Percent orMore

AntibioticsTelevision sets _Freezers, farm and homeDryers, clothes ._ __Synthetic rubber, all typesAir ton-miles flownAir conditioning units, roomSynthetic detergents (soap)Man-made fibers, other than rayon_ .Disposals, waste, food

Blankets, electricLocomotives, Diesel-electric, instal-

lations, Class I railroads.Revenue passenger-miles flownPlastics and resin materialsD ish washersMagnesium _ _ _ _ _ _Concrete blocksFrozen foodsWarm -air furnaces, oil and gas__Nitric acid ._ _

Trailer coaches, housing typeRepairs, household durablesAmmonia, synthetic, anhydrousKitchen cabinets, steelAcetic anhydrideWater heaters, electric and gasMethanol, syntheticAluminum, primary, ingots. __Chlorine gas _ _Industrial trucks and tractors, elec-

tric.

Hydrochloric acidCanned juices, fruitPhosphoric acid|ieomargarine

Cleaning and dyeingRanges, electricGypsum board, including lathTractors, all typesNatural gasRayon and acetate

Acetic acid, synthetic and natural---.Motor truck transportationOil burners, residentialSodium hydroxideTruck trailersSoftwood plywoodCalcium carbideShavers, electricFertilizers commercial

Electric power, utilities and indus-trial.

Sulphuric acidTelephone serviceDomestic water systemsCalcined gypsumRepairs, passenger cars and trucks. _ _CigarettesMotor courts, rental unitsAsphalt _Paperboard, incl. wet and building

board.Washing machines _ _ _ _ _

Thous. IbsThous .ThousThousThous. Ig tonsMil. ton-miThous _ .1940=100Mil. Ibs __ _Thous

Thous _ .Units

Mil. IbsThousThous. sh. tons__Mil. blocksMil. IbsThousThous. sh. tons__

Thous1940=100Thous. sh. tons--Thous ...Mil. IbsThous ._Mil. galsThous. sh. tons-.Thous. sh. tons.-Units. _ _

Thous. sh. tonsMil. Ibs _Thous. sh. tonsMil. Ibs _ _1940=100Thous _ __Mil. sq. ftThousBil. cu. ftMil. Ibs

Mil. IbsBil. ton-miThousThous. sh. tonsThousMil. sq. ftThous sh. tonsThousMil sh tons

Bil. KW-hr ___

Mil. sh. tons1940=100ThousThous. sh. tons.1940=100Bil1940=100Thous. sh. tons_Thous. sh. tons.

Thous

118.0113.271.070.967.545.642.541.440.535.3

30.125.6

23.821.821.418.518.217.517.515.7

15.715.715.714.714.213.713.713.613.212.9

12.112.011.411.311.010.910.69.89.79.6

9.59.19.18.98.78.68.68.58.3

8.2

8.28.28.27.77.67.67.67.67.5

7.5

0)

0)5833

1005

0)

0)281

1277

0)6

263431123347

212100358

0)22567645

206• 6401,719

194699565320100450

2,031284

2,660471

17450

2641,215

271,200

314900

9

180

6100259

3,305100189100

5,3476,379

1,553

243980690

92488174112

2,00075

175

6752,254

61,485

22510

1,2001,163

3791,133

85319

1,0903,236

7752,540

156624

1,6403,438

4582,5361,194

908303

1,6005,213

7545,1481,124

42287

4202,377

451,954

6831,650

18

337

12198659

6,249239387190

9,44010, 779

4,317

1,2865.3851,050

492845219282

4,500210352

7763,490

112,431

26041

1,6502,544

7251,498

67497

1,7722,672

9722,783

184837

2,5116,525

6862,4461,8471,036

3151,4006,130

7947,5001,294

476131694

3,10667

2,995775

2,20021

432

13238617

7,477225419225

12, 05513, 038

3,373

1,4006,0001,140

610800250325

n. a.272275

8303,100

132,300

210102

1,4002,800

8201,470

84n. a.2,0252,970

6982,680

152940

2,5807,200

6602,0002,0271,230

3221,0605,600

6008,1001,140

372142770

3,02070

3,000680

2,55023

463

13257660

6,800245439

n. a.12, 80012, 300

3,100Moderately or Slowly Growing Industries— Increases of Less Than 7^> Percent

Shipping containersGlass containersTruck and bus tiresClocks, electric. _ _BookpapersBath tubsAcetysalicylic acid (aspirin) _ ___Denatured alcoholVacuum cleanersTissue paper

Water closetsWaste paperSulphur, crudeOak flooring

'Ipwood consumptionoement PortlandWoodpulpTrucks and bussesFuel oil, distilled and residualMotor fuel

Rubber consumption, all typesFine papers ...KeroseneEthyl alcoholLavatoriesKitchen sinks __

Mil. sq. ftMil. grossMilThousThous. sh. tons..ThousMil. IbsMil. wine galThousThous. sh. tons

ThousThous. sh. tons__Thous. Ig. tons..Mil bd ftMil. cordsMil barrelsMil. sh. tonsThous _ _Mil. barrelsMil. barrels

Thous. Ig. tons..Thous. sh. tons..Mil. barrelsMil. proof gal_ __ThousThous

7.37.37.37.17.17.07.06.76.76.6

6.46.36.26.26.26.06.05.95.95.8

5.85.85.75.65.65.6

36558

3,6001,655

9736

1341,341

734

2,0364,7002,732

51114

1309

755500617

65173674

2632 2, 06821,206

639915

9,9953,1511,947

11167

3,3611,188

3,4087,6004,869

83221

20513

1,376847922

1,0691,141

122324

3,3032,711

7811818

7,5003,5302,051

13273

2,7291,482

4,0259,1005,278

98727

24617

1,430945

1,140

1,2131,363

136480

3,5832,602

7411815

6,7003,3801,700

12234

2,8401,300

3,0007,8005,280

96027

25016

1,200975

1,185

1,2501,330

130422

2,7001,900

Product or service Unit

Aver-age

annualrate ofgrowth1940-

51, per-cent

Production

1940 1948 19511952(pre-limi-nary)

Moderately or Slowly Growing Industries—Increases of Less Than 7H Percent—Con.

Asphalt prepared, roofingLamps electric all typesIndustrial explosivesCanned fruits

Ice creamVitrified clay sewer pipeCast iron pressure pipe and fittings _ _Cast iron soil pipe and fittingsRevenue freight ton-milesCanned vegetablesLubricating oilSaltCrude petroleumSoda ash _ -

Fans, electricFermented malt liquorsToasters electricIr oners electricBrick, unglazedRefrigerators electricSteel ingots and steel for castingsNewsprint consumption _ _ __Heating pads, electricAutomotive replacement batteries. .

Heating stoves domesticRailroad freight cars, totalCoffee makers electricZinc new supplyCheeseIrons electricRevenue passenger milesPassenger automobilesCoarse papersWire nails and staples

Cooking stoves gasCoats, women's, misses' and juniors'.Passenger car tiresLardBeefRaw cotton consumptionTurpentineEthyl acetateRosinDresses, women's, misses' and juniors'.Lumber totalCondensed and evaporated milkWool, raw, apparel and carpet con-

sumption.Structural tile _Bituminous coalShoes and slippersPork, excluding lard___Hosiery all types

Flour, wheatSugar, totalNewsprint productionGlycerine refinedRailroad passenger carsCarpets and rugs, wool typeVealRadiosCopper refined, new supplyCigars

Mil sqMilMil. IbsMil. Ibs.

Mil. IbsThous. sh. tons..Thous. sh. tons.,Thous. sh. tonsBilMil IbsMil. barrelsMil. sh. tons....Mil. barrelsThous. sh. tons..

ThousMil. barrelsThousThousMil. std. brick..ThousMil. sh. tonsThous. sh. tons..ThousMil

ThousThousThousThous sh. tons..Mil. IbsThousBilThousThous. sh. tons-Thous sh. tons

ThousMilMilMil. IbsMil. IbsMil IbsThous. barrels _ _Mil. Ibs.Thous. drumsMil _ .Bil. bd. feetMil. IbsMil. Ibs

Thous. sh. tons-Mil sh tonsMil. prMil. Ibs .Mil. doz. pr.

Mil. barrelsThous sh. tons._Thous. sh. tons-Mil IbsUnitsMil. sq. ydsMil. IbsMilThous. sh. tonsBil

5.65.45.35.3

5.25.25.25.15.05.04.84.84.74.7

4.64.54.44.34.34.24.24.24.14.0

4.03.83.83.73.63 53.53.43.42.8

2.82.72.32.12.01.91.91.81.81.71.7

.5

.4

.4

.31.3

1.2.9.9.8.8.8.7.6.4.3

331,115

4071, 777

1,495961845397375

4,5233710

1,3533,066

1,78955

2,307176

4,0792,600

672,856

93214

22,58364

1,873685785

5,17124

3,7172,501

641

1,742217

511,2887,1753,959

56675

1,7172194

312,731

408

1,035461404

10, 044135

1036,9651,013

7128555

98112

1,3825

601,837

6722,535

2,6511,4961,150

641641

5,7675116

2,0204,575

3,79591

4,850477

5,8424,766

894,0101,600

25

5,227115

2,700881

1,0977,360

413,9093,027

860

2,7502667

2,3219,0754,463

66067

2,09622737

3,821693

1,263600462

10, 255147

1426,971

86786

94689

1,42317

1,3576

592,012

7203,144

2,6131,6751,475

688642

7,7706218

2,2455,094

3,22589

3,725284

6,4714,075

1054,5111,450

22

4,18396

2,8251,0201,1617,585

355,3373,597

865

2,3562466

2,8648,8434,851

69792

2,09023937

3,231479

1,217534470

11, 483155

1177,6851,125

7731161

1,06113

1,4456

601,838

7222,800

2,7001,6301,100

670610

6,40057

n. a.2,2804,250

2,88590

2,992208

5,8003,570

934,5601,500

22

3,90077

3,0001,0601,1856,135

354,3503,210

675

2,2002573

2,8209,6004,460

60472

1,77025037

2,988460

980460508

11, 300163

1167,8501,145

8211863

1,10010

1,5006

Industries Showing Declining Trends

Overcoats and topcoats, men'sSuits men'sSoap excl synthetic detergentsAnthracite . . .Cast-iron boilersManufactured tobacco- _ _Creamery butterLamb and muttonHand and windmill pumps _ __Radiators and convectors

Range boilers . _ _Wood shinglesMethanol, naturalLocomotives, electric, installations,

Class I Rys.Mechanical stokersSilk, consumptionLocomotives, steam, installations,

Class I Rys.

ThousMil1940=100Mil sh. tonsMil IbsMil. IbsMil. IbsMil. IbsThousMil sq ft

ThousMil. sqsThous. galUnits

ThousMil. Ibs _ _Units

—0.2—1.9—2 0—2.0—2 7—3.8—3.8-4.6—4.8—5 2

-6.0-6.3—6.8

—10.3

—15 5—15.8—15.8

2 5,6442 25100

52283344

2,240876421

77

8686

4 34120

15348

120

6,19424

10857

263245

1 51374745760

5363

2 3668

867

86

5,540208142

210226

1 47552224643

4313

2 0106

247

18

5 20019

n a39

214223

1 40060024037

2803

2 2721

23g

18

n. a. Not available.1. Production was relatively small: annual rate of growth covers the postwar years.2. Production data for trailer coaches, heating stoves and wearing apparel except hosiery and

footwear are for 1939: for lavatories, 1941: and for kitchen sinks, 1937. Rate of growth for theseitems is based on years indicated.

Source: U. S. Department of Commerce, Office of Business Economics, based upon basicdata obtained from private and Government sources.

225640°—53-



Chemicals generally rapidly growingThe output of the chemical industry has risen continu-

ously since the early twenties. Since 1929 production hasgrown at an average rate of 10 percent a year. The onlysignificant exception to the upward trend was from 1930 to1932, and even then the decline was much less than in othersegments, and the recovery more rapid. Its greatest periodof expansion occurred during and following the last war whenthe special demands called for the development of entirelynew products and greatly increased output of regular lineitems. These favorable trends are still continuing.

Both of the major segments of the chemical industry—organic and inorganic chemicals—have participated in therapid expansion of output in the past 25 years. The organicgroup, where the development of new products has beenespecially noteworthy, has shown a rate of growth of outputof 12 percent a year, as compared with 6 percent for in-organics.

Much of the growth of the industry has been due to thedevelopment of new products, such as plastics, syntheticfibers, detergents, and antibiotics. Many well-establishedbasic chemicals, including sulphur, phosphates, and acids,have also expanded but at a slower rate than the new lines.Because in many cases new chemicals were cheaper, or moresuioable, or of better quality, they have replaced otherproducts in many manufacturing processes. Plastics, forexample, are now being used as an alternative to metalsand wood in many items. Synthetic fibers—first rayon andacetate and more recently nylon, orlon, dacron, dynel, andvicara, and others which had barely dented the textilemarket a decade ago—are now supplementing the naturalfibers.

These dynamic developments are being accompanied bylarge expansion programs to increase the capacity to pro-duce various types of chemicals. Expansion goals havebeen announced by the Defense Production Administrationfor 43 important chemical materials. The total capitalexpansion program scheduled for completion within the nextseveral years is expected to increase the output of theindustry by more than 50 percent over that of the earlypart of 1951.

Electric power also growing rapidlyElectric power output has been growing three times as fast

as the average for all industries, or close to 10 percentannually since 1900. This is a case where the growth hasbeen persistent. Since 1940 it has been stimulated by therapid growth of atomic energy and the marked expansion ofaluminum production, both requiring large amounts ofelectric power.

Keeping pace with the strong demand for power is thecapital investment in new plant and equipment. Since theend of the war, private utility companies have spent morethan $10 billion for the construction of new facilities. Presentplans call for an additional expenditure of $8 billion toboost 1954 generating capacity by nearly a third over 1951.

Air transportation

Although small, the air transportation industry hasgrown at an average annual rate of nearly 25 percent pel-year in the past decade. Accompanying this growth hasbeen the expansion of operating facilities of the scheduledairlines. In a recent report the Civil Aeronautics Adminis-tration estimated that airline passenger traffic will reach40 million airline passengers by 1960, or about two-thirdsagain as large as the 1952 volume. This in turn will involvethe construction of additional planes and airports and willprovide air service to an increasing number of communities.

Varying patterns in the textile industry

In contrast to the foregoing industries which have showngeneral growth in total and in the most of their segmentsthe textile industry illustrates the case where total productionhas been relatively stable but important new segmentswithin the industry have grown rapidly. These new seg-ments comprise the man-made fibers which compete directlywith cotton (still by far the largest in volume), wool, andsilk. As a result, consumption of the last three fibers hasdeclined relative to the total.

In the postwar years total fiber consumption has beenmaintained largely as a result of the expansion in the useof the synthetic fibers. These now account for more thana fifth of total consumption.

Strong demand for new household durables

Included in the table of fast-growing industries are fifteenhousehold durable goods. Some of these —washing machines,electric ranges, water heaters, and oil burners—were wellestablished lines before World War II. Others were intro-duced just prior to the war when production was discon-tinued, so that all of their growth occurred in the postwaryears.

Heading the list of fast-growing household durables istelevision. This industry accounted for nearly two-fifthsof the factory value of shipments in 1951 for the householddurables included in the table. The prospects for a con-tinued high growth rate are clearly indicated when it isrealized that the 108 sending stations now in operationserve only about one-half of the Nation's total population.The lifting of the television station freeze by the FederalCommunications Commission in April 1952 will clear theway for the eventual construction of many new stationswhich will ultimately make television programs availableon a Nation-wide basis.

Part of the high demand for household equipment is, ofcourse, attributable to the high level of construction sincethe war. Warm-air furnaces and some other types ofhousehold equipment have thus been influenced by thisfactor as well as by the rising purchasing power which wasa major factor in the increase in the general line of con-sumers' durable goods.


January 1953 SURVEY OF CUEEENT BUSINESS 11

by Karl O. Nygaard

State and Local GovernmentReceipt and Expenditure Programs

local governments, in rendering a host of vitalservices, exercise important direct and indirect influencesupon economic activity. In 1952, the more than 119,000such governments spent $26 billion, an amount as large asfixed capital outlays of nonfarm business and larger thanFederal nondefense expenditures.

A growing popular concern about the condition of theNation's schools, highways, and institutions is directing

State and LocalGovernment Purchases

Exclusive of war and depression periods,

REAL per capita purchases have showna long-term upward trend . . .

OO

175

150

125

100

75

50

25

I I I I I I I I I I I I I I I II t I II II I II M I I I I I I I I I I I I II

while as a percent of the Nation's output,purchases have moved within a narrow margin

zUJI

20

15

I0

I M II M I M M I II I I M I I I M II I I I I M II I I M I I I I

1910 1915 1920 1925 1930 1935 1940 1945 1950

. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS 52~I89

increased attention to the taxation and expenditure programsand the financial position of these governments. The extentto which improvements in facilities are possible and might beprovided within existing financial limitations is discussedin the Commerce Department's new report, Markets after theDefense Expansion. The purpose of this article is to reviewpast receipts and expenditures and to throw some light onthe prospective fiscal and financial position of State and localgovernments as a whole.

The State and local government accountIt is convenient to analyze the fiscal position of State and

local governments as a whole in terms of the consolidatedexpenditure and receipt estimates included in the nationalincome and product account. These estimates, presentedin table 1, are based primarily upon comprehensive datafrom the 1942 Census of Governments and Census data fromthe annual summaries of city and State finances. In table 1,governmental revenues are presented on an accrual basis.

Purchases of goods and services account for the bulk of theexpenditure total and include the capital formation of gov-ernment enterprises. Sales and current expenses of govern-ment enterprises are excluded from the table, but theircurrent surplus (excess of operating revenues over operatingoutlays) is shown as a deduction from expenditures. Thus,the deficit or surplus presents a substantially completefiscal picture for all State and local government activitiesincluding general government, government enterprises, andtrust funds.

Although a functional classification of purchases of goodsand services is not possible on the basis of available data,the relative importance of the two largest categories may beindicated. Of the more than $23 billion of goods and servicespurchased by State and local governments during 1952, aboutthree-tenths were for public education purposes and one-fifthfor streets and roads.

A more complete breakdown is shown for State govern-ments and cities over 25,000 population in the annualCensus reports for these units. With respect to levels ofgovernment, purchases by States account for roughly one-third of the total.

Expenditure Programs

State and local government expenditures have more thantripled since 1929 with most of the rise occurring in the post-war years (see chart). Although transfer payments, includ-ing veterans' bonuses, have contributed to the increase, thebulk of it went for purchases of goods and services. In1952, State and local purchases reached their largest annual

NOTE.-MR. NYGAARD IS A MEMBER OF THE NATIONAL ECONOMICSDIVISION, OFFICE OF BUSINESS ECONOMICS.


12 SUKVEY OF CUEKENT BUSINESS January 1953

total to date in terms of either current or constant dollars.When adjusted for price increases since 1929, purchasesrose three-fifths.

Real per capita outlaysReal per capita State and local purchases increased at an

average annual rate more than double that for real per capitanational product in the two decades preceding the depression.Real per capita purchases by State and local governments fellsharply during the depression and World War II so that theirpresent level is only slightly above that for either the early1930's or the years just prior to World War II, despite a three-fifths increase since 1945. For the past 40 years as a wholereal per capita purchases by State and local governments haveincreased at an average annual rate of almost 2 percent, onlyslightly above the average rate of growth in real per capitagross national product.

The 1952 rate of real per capita construction outlay byState and local governments, though five times that in 1945,was only slightly above that of 1939.

The proportion of gross national product purchased byState and local governments has shown no consistent long-term trends. During the past four decades, the State andlocal share of national product has averaged slightly morethan 7 percent. This percentage was considerably higherduring both the 1920's and the 1930's. During the decadeprior to World War II, State and local governments purchasedon the average more than one-tenth of the gross nationalproduct. However, in the war period, this percentage wasreduced by more than half and despite its subsequent recov-ery still remains substantially below the 1920's, the 1930's,or even the 40-year period as a whole.

New construction up sharply since 1945State and local outlays for new construction are much more

volatile than their other purchases of goods and services and,as the chart shows, have fluctuated considerably in the past.

After expanding to an annual rate of more than $2.5 billionin the early 1930's—in part a carryover of the building boom

Table 1.—State and Local Government Receipts and Expendituresin the Income and Product Account


ReceiptsPersonal tax and nontax receiptsCorporate profits tax accrualsIndirect business tax and nontax accruals.Contributions for social insuranceFederal grants-in-aid

Expenditures _Purchases of goods and services. .Transfer payments -Net interest paidLess: Current surplus of Government

enterprises

Surplus or deficit ( — )

Calendar years

1946

13.21.6.5

9.5.5

1.1

11.210.01.6.3

.7

2.0

1947

15.61.9.6

10.8.6

1.7

14.712.82.2.3

.6

.9

1948

17.82.1.7

12.3.7

2.0

18.115.62.9.3

.7

-.3

1949

19.62.5.6

13.5.8

2.2

20.618.22.9.3

.8

-1.0

1950

21.52.7.8

14.7.9

2.3

22.719.73.4.3

.7

-1.2

1951

23.13.0.9

15.81.12.4

24.121.72.9.3

.8

-1.0

1952 p

24.43.3.8

16.71.12.4

26.023.43.0.4

.8

-1.5

p=Preliminary.NOTE.—Detail will not necessarily add to totals due to rounding.

Source: U. S. Department of Commerce, Office of Business Economics.

of the previous decade—outlays were drastically suppressedduring the following depression years. During World War IIthe overriding needs of the Federal Government resulted in areduction of capital outlays to a level consistent with only themost critical needs. In both these periods, the decline in

total State and local government expenditures may be tracedto the fall in construction outlays.

During the postwar period, the rise in new construction hasbeen rapid. The large backlog of projects deferred duringthe war and the favorable financial condition of State anc^local governments were important factors in the increase innew construction from less than $1 billion in 1945 to morethan $6K billion in 1952. This figure, by way of comparison,substantially exceeded the value of all private industrial andcommercial construction put in place last year.

Higher construction costs have, of course, been an impor-tant factor in the rise in current dollar outlays. Although the

Table 2. Major State and Local Government Revenue Sources asa Percent of Total Tax and Nontax Receipts, Selected Years1929-51

[Percent]

Property taxes __Individual income and corporate profits tax

accruals. _ __ _General sales taxesGasoline taxes

Liquor and tobacco taxesFederal grants-in-aid._Contributions for social insurance _ _Other

Total

Calendar years

1929

62.0

3.7

5.4

1.61.6

25.7

100.0

1933

57.1

1.8.9

7.3

.87.02.4

22.7

100.0

1937

47.2

4.14.98.2

2.58.42.5

22.2

100.0

1941

44.3

4.96.09.2

3.57.82.7

21.6

100.0

1945

41.3

7.27.06.7

4.57.53.3

22.5

100.0

1949

35.0

6.58.27.4

4.211.44.1

23.2

100.0

1951

33.7

7.28.97.6

4.110.34.6

23.6

100.0

Source: U. S. Department of Commerce, Office of Business Economics.

physical volume put in place increased annually in the post-war period, the 1952 total was roughly one-third above thatin either 1939 or 1929.

Steady rise in current operation purchasesState and local expenditures for current operation, includ-

ing employee compensation and the bulk of other purchasesexcept outlays for new construction, have shown an almoststeady rise since 1929, and presently account for abouttwo-thirds of total purchases. These purchases in terms ofconstant dollars have not declined significantly even duringperiods of national emergency such as the great depressionand World War II.

Since the end of the war, State and local governmentemployment has increased by about 1 million to almost 3%million in 1952, with both school and nonschool employmentsharing in the increase. In the same period, average annualearnings have risen by more than 50 percent. As a resultof these two factors, employee compensation has more thandoubled since 1945, to the present annual rate of about$12 billion. Purchases for other current operating purposeshave moved similarly to pay rolls and last year amountedto about $4.7 billion.

Highway and school programsDuring at least the next few years, further increases in

real per capita purchases may be expected. The AmericanAssociation of Highway Officials has estimated that it wouldcost over $30 billion to bring the various Federal-aid systemsto a condition of adequacy; a large additional expenditurewould be required to improve non-Federal roads and street!A recent survey of public school facilities estimated schoolconstruction needs to be of the magnitude of $10 billion.The need for improvement of hospitals and other insti-tutions has likewise been reported to be extensive.Staffing, operating, and maintaining needed new facilities


January 1953 SURVEY OF CURRENT BUSINESS 13

implies higher employment and operating expenses—as wellas problems in recruiting teaching, health, and otherspecialized personnel.

Despite the rise in new construction during the postwarperiod, only recently have outlays come to exceed theamounts necessary to meet newly-arising requirements forfacilities, and thus to allow for improving the relationshipbetween existing facilities and requirements. The problemof acting on deferred requirements is essentially one of finance.

State and Local Government Receipts

In 1952, State and local governments received revenues inexcess of $24 billion, including $2.4 billion in Federal grants-in-aid. State and local new long-term debt flotationsamounted to more than $4 billion, with most of this amountgoing for new construction.

Unlike the Federal tax structure, which is based largelyon individual and corporate income taxes, State and localgovernments depend upon indirect taxes to provide thegreater part of their revenues. Counting miscellaneousnontax revenues from business, this category, which includesthe general and selected sales taxes and the bulk of propertytax collections, accounted for more than two-thirds of totalrevenues last year.

Personal taxes and nontaxes yielded only slightly morethan one-eighth of the total receipts, with individual incometaxes amounting to less than $1 billion. Federal grants-in-aid—the largest part of which are for Federal-aid highwayconstruction and public assistance purposes—have remainedquite stable since the middle thirties and account for aboutone-tenth of total receipts. The remainder is accounted forby contributions to social insurance, chiefly retirement fundsfor State and local government employees.

Receipts relative to national outputMeasured as a percent of the Nation's total output of

goods and services, the present burden of State and localtaxes is low compared with that during the 1930's whenState and local government receipts were equivalent to morethan one-tenth of gross national product. This fractiondeclined considerably during the war years, and since 1946has been relatively stable at around 7 percent of nationalproduct. However, with the sharp rise in Federal taxation,total tax and nontax receipts of all governments in 1952 wereequivalent to more than one-fourth of national output ascompared with an average of close to 16 percent during the1930's.

Effect of price changes laggedAlthough State and local government receipts have almost

doubled since the end of World War II, expenditures haverisen even more rapidly. This situation may be traced inpart to the nature of the over-all tax structure of State andlocal governments. While purchases of goods and servicespromptly reflect price changes in the private economy, thisis true to a much lesser extent on the receipts side of theState and local government account. This important differ-ence may be seen by examining the tax bases of the majorrevenue sources.

Despite its steady decline in relative importance as arevenue producer, the property tax continues to be the mostimportant single source of State and local government re-ceipts (see table 2). While only a few State governmentsstill derive a significant part of their total receipts from thegeneral property tax, it provides more than one-half of localgovernment receipts.

The property tax base responds to changes in businessconditions, and hence price levels, only after a considerable

time lag. In many communities, assessed valuations lag farbehind market values so that with rising prices the effectivetax rate declines. Present legal restrictions on tax rates notonly vary considerably from State to State, but apply un-equally within these political units.

State and Local Government Receiptsand Expenditures on Income andProduct Account

Although receipts have risen sharply since 1945 .. .

BILLIONS OF DOLLARS30

25

20

15

10

OTHER TAX ANDNONTAX RECEIPTSFED. GRANTS-IN-AID

INCOME TAXES

SALES TAXES

PROPERTY TAXES

» TOTALRECEIPTS

ft! I i ...I f

the rise in expenditures has been even more rapid

30

2O

15

10

TRANSFERS, INTEREST,

I OPERATING PURCHASES

j|:|:j| NEW CONSTRUCTION

EMPLOYEE COMPENSATION J

TOTALf'EXPENDITURES

1930

•1940

•19451935

U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS

1950

52-I8B

This property tax situation has had an important bearingon State and local government expenditures. AlthoughStates have been providing an increasing proportion of thetotal cost of public education, the public school system stillremains primarily a local responsibility so that the generalproperty tax has continued and is likely to continue to bethe major source of funds for public school capital outlays.Thus, the effectiveness of the property tax represents one


14 SUEVEY OF CURRENT BUSINESS January 1953

of the factors in the present condition of the public schoolplant.

With respect to the other major tax bases, only the generalsales tax, the individual and corporate income taxes, andcontributions for social insurance expand at rates comparableto that of the value of the gross national product. However,currently these relatively new sources of revenue togetheraccount for only one-fifth of total State and local governmentreceipts.

Other revenue bases—including the property tax—whichaccount for about four-fifths of total receipts either are littleaffected by price changes or respond to them after a consid-erable time lag. In the case of the special excise taxes ongasoline, liquor, and tobacco, the tax base usually expandsor contracts according to changes in volume rather than price.Although this aspect contributes to the relative stability ofState and local receipts, particularly in time of a businessdownturn, the effective tax rate is reduced whenever pricesincrease.

Deficits and Surpluses

The State and local government deficit or surplus in theincome and product account reflects the fiscal situation ofthese governments only with respect to aggregate receipts

and expenditures, consolidating units with surpluses andthose with deficits.

Due to their relative stability, State and local governmentreceipts were sufficient to match both the current and capitalexpenditures of these governments for the period of th(t1930's as a whole, despite deficits in particular years and thefinancial hardships endured by many political units.

During the war and early postwar periods, the situationwas particularly favorable from the fiscal standpoint. Asa result of the suppression of purchases, the relatively stableState and local tax structure produced large annual surplusesfrom 1940 through 1947. In fact, the cumulated net surplusduring this period amounted to more than $14 billion.

Since 1948, however, revenues have not kept pace withexpenditures; deficits of about $1 billion have been incurredeach year. As indicated earlier, this abrupt shift in the fiscalsituation was the result of a combination of factors—includingthe extent to which price changes in the private economyaffected receipts and expenditures differently, and the largeincreases in capital outlays for new construction.

Debt and Liquid Assets

The large surplus accumulated during the 1940-47 periodnot only permitted reductions in State and local debt, but

State and Local Government Debt

Despite increases in State40 — and local gross debt in

recent years

the burden of the debt has decreased/o — as measured either by per capita

interest charges » * *

1930 35 40 45JUNE 30 EACH YEAR

—

*^tr»,fc«.*lhiJfcip;fe^fatWs4Si S:U&Bte»«!&•&% *•ESMwit;1932

CALE

mMim&$&£$?(:*#<-= &£*£1942

NOAR Y EARS

^W

^¥M"4^T

1952

or by interest paid as a percent2O — of total receipts . . . to*

resulting in part from the decliningtrend in average interest rates

10-

5 —

1932 1942 1952CALENDAR YEARS

€/. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS

II

193O 35 4O 45JUNE 30 EACH YEAR

50

52-187


January 1953 SURVEY OF CUERENT BUSINESS 15

also resulted in the establishment of capital improvementfunds to provide for necessary construction which had longbeen deferred. State and local gross debt, the bulk of whichhad been incurred during the 1920's in connection with schooland road construction programs, remained relatively un-changed during the 1930's. However, after 1940, retire-

Table 3.—State and Local Government Debt[Billions of dollars]

As of June 30

19391940194119421943 -. -_ _

1944 .19451946 .19471948

194919501951 „1952

Gross debt

Total

20.020.220.219.718.7

17.516.615.916.818.7

20 924.227.029.6

State

3.33.53.43.22.9

2.82.42.43.03.7

4.05.46.47.0

Local

16.716.716.816.515.8

14.714.213.613.815.0

16.918.820.722.6

Net debt i

Total

16.316.516.315.814.9

14.113.713.614.416.2

18.120.723.325.8

State

2.02.11.91. 71.3

1.41.41.62.22.9

3.14.04.95.6

Local

14.314.414.514.213.5

12.712.312.012.213.4

15.116.818.520.2

1. Gross debt less State and local securities held by State and local governments.Source: U. S. Department of Commerce, Bureau of the Census and Office of Business

Economics.

ments exceeded new borrowings in every year through 1946,reducing the gross debt outstanding by more than $4 billionduring these six years. Local governments accounted forabout three-fourths of this total reduction, as table 3 shows.

Debt up sharply since 1946Since State and local government borrowings generally

precede the expenditure of these funds, gross debt commencedto increase prior to the change in the fiscal situation as re-flected in the income and product account. In the six yearssince 1946, gross State and local government debt hasincreased by close to $14 billion to almost double the amountoutstanding in that year. New long-term issues during thisperiod exceeded $20 billion.

Nonguaranteed debt up sharplyOne of the important factors in this $14 billion rise in gross

debt has been the increasing popularity of the toll revenueand limited obligation bond method of financing. Whilerevenue bonds have long been used throughout the countryto finance municipally owned utilities, the widespreadinterest in them as a means to finance highway constructionis a more recent development.

Revenue bonds are secured entirely by the receipts ofvarious government enterprises, whereas limited obligationbonds are secured by the pledge of collections from particulartaxes. In either case, the bonds are not backed by the fullfaith and credit of State and local governments and haveusually been marketed only at appreciably higher rates oiinterest.

The nonguaranteed portion of gross State and local debthas more than doubled since 1945 to about $5 billion inJune 1952. It has also increased in relative importance,presently accounting for more than one-sixth of the total.This increase is attributable in part to the amount of toll roadand bridge bonds which were issued in this period.

The Bureau of Public Roads reports that toll bridge bondsand toll road bonds accounted for more than two-thirds ofthe $800 million rise in outstanding State highway obligationsbetween December 1945 and December 1951. Almost $700

million of additional toll bonds were sold during 1952.Revenue bonds and limited obligation bonds accounted foralmost all of the rise in State highway debt. In addition,local governments have issued more than $150 million oftoll-revenue bonds for highway purposes during the past 7years. Increased interest in revenue bonds to financeparking centers in large cities may accelerate this trend.

The gathering momentum of the toll road movement isfurther illustrated by the fact that as of June 1952, therewere in existence only slightly more than 600 miles of moderntoll roads built at an estimated cost of $.6 billion. The con-struction of an additional 1,000 miles estimated to cost morethan $1 billion was then either under way or authorized. Atthe same time, other toll road proposals involving possibleoutlays of several billion dollars were receiving active con-sideration.

Liquid assets rise fivefold since 1940

Although the necessary data are not available to show totalliquid assets of State and local governments, the magnitudeinvolved is indicated by the sum of their holdings of U. S.securities and cash in banks, which accounts for the bulk ofthe total. State and local securities held by State and localgovernments are not included with liquid assets since they arenetted out of gross debt.

As a result of the favorable fiscal situation during most ofthe 1940's, the increased holdings of sinking funds, and thenet surpluses realized by the expanding trust funds, Stateand local government bank deposits and holdings of U. S.securities rose from about $4 billion in 1940 to almost $21billion as of June 30, 1952 (see table 4). These figures donot include the deposits of States, currently amounting tomore than $8 billion, with the U. S. Treasury in connectionwith the unemployment compensation program. While it isnot possible to segregate State liquid asset holdings fromthose of local governments except in 1951, available data

Table 4.—Major Cash and Security Holdings of State and LocalGovernments 1


As of June 30

1939194019411942.1943

1944...19451946 _1947. . .1948

1949. . _. _195019511952. .

Liquid assets

Total

4.24.14.75.26.2

8.310.713.114.116.3

17.018.319.520.9

U. S. se-curities

held

0.4.4.6.9

1.5

3.25.36.57.17.8

8.08.79.4

10.3

Bank deposits

Demand

3.23.23.63.84.3

4.64.85.86.17.3

7.68.18.58.9

Time

0.6.5.5.5.4

.5

.6

.8

.91.2

1.41.51.61.7

Liquidassets as apercent ofnet debt

2625293342

59789698

100

94888481

State andlocal secu-

rities held 2

3.73.83.93.83.8

3.42.92.32.42.5

2.73.53.73.9

1. Excludes deposits of States with U. S. Treasury.2. State and local securities held by State and local governments are excluded from liquid

assets since these securities represent the duplicating portion of gross debt.

Source: U. S. Department of Commerce, Office of Business Economics, based largely ondata from the U. S. Department of the Treasury, Federal Deposit Insurance Corporation, andComptroller of the Currency.

suggest that States experienced the largest relative increasein their holdings. According to the Census Bureau, totalcash and security holdings of States, excluding deposits withthe U. S. Treasurv, amounted to more than $12 billion in1951.



Although only a small part of the $21 billion total is heldby sinking funds as offsets to long-term debt, a comparisonof the current ratio of liquid assets to net debt with thatin past years suggests the improved financial condition ofState and local governments. Despite some decline in thisratio in recent years, State and local government holdings ofUnited States securities and cash in banks in June 1952 weremuch larger with respect to their outstanding net debt andoperating expenses than in the prewar period.

A large part of these holdings is owned by State and localemployee retirement funds and various other sinking andtrust funds, and hence is not available for expenditure forgeneral government purposes. However, it would appearfrom Census reports on the cash and security holdings ofStates and cities over 25,000 that probably close to one-halfof the total remains after deducting offsets to long-term debtand holdings of insurance and employee retirement trustfunds. At the close of fiscal year 1951, State governmentsalone held $7 billion of assets after these deductions. Al-though working capital requirements and other encum-brances account for part of those liquid assets which areneither in the form of offsets to debt nor held by trust funds,the magnitude of the total suggests that a considerable sumremains available to finance future current and capitaloutlays

These cash and security holdings are of significance fromthe standpoint of monetary and fiscal policy. Since theyrepresent an important part of the total money supply, largeshifts as between the various types of assets could have

marked economic consequences. In addition, the mere ex-istence of assets of this magnitude would tend to reduce thedependence of State and local governments upon the marketfor new long-term capital in the event of a serious economicdecline.

Data showing annual debt retirements, including sinkingfund requirements, are not available; the trend of the burdenof debt servicing can be shown only in terms of the interestcharges. It does appear, however, that State and local debtretirement requirements have been relatively stable.

As the chart indicates, total interest charges have declinedrelative to either State and local receipts or population duringthe past two decades. With the relative decline in interestcharges as compared with receipts, a decreasing share ofrevenues has had to be devoted to this purpose. This down-ward trend has continued, though at a slackened rate, despitethe large increases in outstanding debt in recent years. Oneof the factors in the relative decline in interest charges—falling average interest rates—may work in the oppositedirection in the future. At present it appears that new capi-tal may be available only at somewhat higher interest rates.

The improvement of the Nation's schools, highways andother State and local government institutions is essentiallya problem of finance. In view of the over-all financial posi-tion of State and local governments, it would appear thatdebt creation could provide at least part of the necessaryfunds but this may raise problems with respect to legislativeand constitutional limitations on further debt and tax in-creases.

The Business Situation(Continued from p.

was equal to approximately 11.7 percent of total consumerexpenditures and that repayment of installment debt wasabout 9.5 percent of disposable income.

Consumers satisfied their needs by the use of installmentcredit to a greater degree in 1952 than in any recent year andalso more than in the years immediately preceding WorldWar II. As a corollary to this freer use of credit, installmentdebt repayment absorbed a higher fraction of disposablepersonal income in 1952 than in any recent year.Effect of changing composition of purchases

A part of the postwar growth of consumer credit is ac-counted for by the expanding sales of goods customarilysold on installment credit. These are largely durable goods,with automotive products giving rise to the largest volumeof credit and furniture and other household equipment nextin importance. The accompanying chart shows the contri-bution of the various types of goods to installment sale creditoutstanding. Whereas in 1945, as a result of wartime con-ditions, purchases of consumer durables accounted for 6.9percent of total consumer outlays, in recent years the pro-portion of durables has averaged nearly double that amount;the proportion spent for automobiles and parts shifted fromless than 1 percent in 1945 to slightly less than 5 percent in1952.

Liberalization of termsAn important part of the postwar growth of consumer

credit is ascribable to the liberalization of credit terms. The

size of the down payment is a major factor governing theamount of credit extended while the total amount outstand-ing is determined, in addition to the size of the down pay-ment, by the length of time permitted for repayment.

On all three occasions since the end of World War II whenconsumer credit controls have been suspended, progressivelymore liberal credit terms than those permitted by RegulationW have been granted by merchants under pressure of com-petition. On each occasion, the volume of credit outstand-ing has grown rapidly under this stimulus to buying. In themost recent of these three periods, running since last May 7,there has been the usual reduction in down payments andlengthening of repayment periods. On automobiles, for ex-ample, indications are that 24 months is currently the pre-vailing maturity period as compared with the 18-monthmaximum in effect prior to the suspension of Regulation W.

Credit use more widespreadThere is some evidence that the proportion of buyers using

credit is also continuing to expand. The Board of Governorsof the Federal Reserve System reported in December thatsince the lifting of credit controls last May, more durablegoods purchases were being financed on credit than prior tothat time. This is particularly true of new autmombilesfwhich an estimated 47 percent of all buyers purchased withthe aid of credit in 1951; preliminary data indicate that aconsiderably larger percentage of new car purchases in 1952have involved the use of credit.


BUSINESS STATISTICSX HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1951 Statistical Supplement to the SURVEY

OF CURRENT BUSINESS. That volume (price $1.50) contains monthly data for the years 1947 to 1950, and monthly averages for earlier yearsback to 1935 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1947. Seriesadded or revised since publication of the 1951 Supplement are indicated by an asterisk (*) and a dagger ( f ) , respectively, the accompanying foot-note indicating where historical data and a descriptive note may be found. The terms "unadjusted" and "adjusted" used to designate indexnumbers and dollar values refer to adjustment of monthly figures for seasonal variation.

Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are pro-vided through the courtesy of the compilers, and are subject to their copyrights.

Unless otherwise stated, statistics through1950 and descriptive notes are shown in the1951 Statistical Supplement to the Survey

1951

Novem-ber

Decem-ber

1952

January Febru-ary March April May June July August Septem-

ber October Novem-ber

GENERAL BUSINESS INDICATORS

NATIONAL INCOME AND PRODUCT f

Seasonally adjusted quarterly totals at annual rates:National income, total bil. of dol__

Compensation of employees, total doWages and salaries, tot a l _ _ _ _ _ do _

Private __ _ _ _ . _ doMilitary.. _ _ _ _ _ _ _ d o _Government civilian do

Supplements to wages and salaries . _ do __Proprietors' and rental income, totalcf _.do

Business and professional cf - _ _ . do _Farm _ _ _ doRental income of persons _do -

Corporate profits and inventory valuation ad-justment, total bil. of dol

Corporate profits before tax, total. _ doCorporate profits tax liability _ _ _ d o _ -Corporate profits after tax _. .do

In ventory valuation adjustment do. _Net interest . do

Gross national product, total . do. _Personal consumption expenditures,total do

Durable goods _ . _. do..Nondurable goods _ _ . doServices. _ _ _ _ _ __ do...

Gross private domestic investment— doNew construction ..doProducers' durable equipment do _Change in business inventories do

Net foreign investment doGovernment purchases of goods and services,

total bil. of dolFederal (less Government sales) do. _

National security 9 do__State and local _ do

Personal income, total doLess: Personal tax and nontax payments .doEquals: Disposable personal income doPersonal savin g§ do ...

PERSONAL INCOME, BY SOURCEf

Seasonally adjusted, at annual rates:Total personal income bil. of dol

Wage and salary disbursements, total doCommodity-producing industries, do _Distributive industries- - _ _ _ d o . -Service industries _ _ _ _ _ _ d oGovernment __ _ _ do

Wage and salary receipts, total. _. _ do_-Other labor income doProprietors' and rental income doPersonal interest income and dividends__doTransfer payments ._ . doLess personal contributions for social insurance 0

bil. of dol..

Total noiiagricultural income _ do

NEW PLANT AND EQUIPMENTEXPENDITURESt

All industries, quarterly total mil. of dol__Manufacturing do__Mining do__Railroads d o _ _ _Transportation, other than rail do _ ,Public utilities do ___Commercial and other ._ do. _

— --

260.9174.875.846.520.831.7

171.34.2

52.520.512.4

3.5

239.5

285.6183.4174.3143.8

9.620.99.1

53.126.617.09.4

42.539.522.217.33.06.6

337.1210.525.3

116.269.052.922.424.75.82.6

71.248.944.322.3

262.030.4

231. 521.1

263.4176.077.546.720.831.0

172.64.3

53.321.112.1

3.4

240.7

7.4213,335

244432344

1,1171,949

263.4176.777.347.120.8

. 31. 5173. 1

4.353 420.112.8

3.9

241.7

263.5178.078.247. 120.931 8

174.54.3

52 120.512.4

3.8

243.4

288.0186.5177.4145.810.021.79.0

52.127.315.49.4

42.742.724.718.1-.16.7

339. 7213.225.2

118.070.050.023.725.7

.62.2

74.451.246.423.2

263.032.5

230.517.3

261.9177.377. 747.020 831 8

173.94 3

50 721.012.4

3.8

242.7

6, 2282 742

208362301847 i

1,708 i

262.5176.776.947 021 031 8

173.44 4

51 221.512.3

3.6

242 9

264 5177.976 747 721 332 2

174 64 4

51 721.512 6

3.6

244 9

286.9186 9177.8145 6

9.251 927.614 89.5

41.239 522.916 61.76.9

342 6214 926.4

117 870.849 323.625 7

.14

78 054 950 323 0

264 432 9

231.516 5

266 7179.377 248 521 332 3

175 84 5

52 821.412 5

3.8

245 9

6,9133 264

220381378957

1,713

263 9177.4

74 049 321 532 6

173 94 5

52 221.312 4

3.9

243 4

269 6182.578 749 421 532 9

179 04 5

51 821.413 1

3.7

249 4

i§6 3181 0148 3

9 352 527 515 29 8

67 1

343 4215 024 2

118 971 951 723 025 03 7

— 1 2

77 954 849 623 1

268 933 6

235.320 3

273 8185^381 649 321 632 8

181 94 5

eo A

21.412 9

3.7

253 0

6 4209 Q34.

201290310970

1,715

r 187. 5r 89 Q

r 184. ft

'21.3

3.8

187.9QO o

1 84. ^

21. a

3.7

i 7 298

10^

1 1. 668T Revised. J Estimates for October-December based on anticipated capital expenditures of business.fRevised series. Quarterly estimates of national income and product and quarterly and monthly estimates of personal income have been revised beginning 1949- see pp 29-31 of the Julv

1952 SURVEY for the data. ^Includes inventory valuation adjustment. 9 Government sales are not deducted. § Personal saving is excess of disposable income over personal consump-tion expenditures shown as a component of gross national product above. ©Data through 1951 represent employee contributions only; thereafter, personal contributions of self-employedpersons are also included. ^Revised beginning 1939. For revised annual data for 1939-51 and for quarterly data beginning 1947, see pp. 20 and 21 of the August 1952 SURVEY.

S-l


S-2 SURVEY OF CUEEENT BUSINESS January 1953


1951

Novem-ber

Decem-ber

1952



GENERAL BUSINESS INDICATORS—Continued

FARM INCOME AND MARKETINGS*

Cash receipts from farming, including Governmentpayments, total mil ofdol

Farm marketings and CCC loans, total --do -Crops doLivestock and products, total do

Dairy products doMeat animals doPoultry and eggs _ _ _ - _ _ _ _ do _ _

Indexes of cash receipts from marketings and CCCloans, unadjusted:

All commodities 1935-39=100.-Crops -. do - _ -Livestock and products do

Indexes of volume of farm marketings, unadjusted:All commodities ... 1935-39=100--

Crops doLivestock and products _ _ _ _ - do

INDUSTRIAL PRODUCTION

Federal Reserve Index

Unadjusted, combined index 1935-39=100--

Manufactures do

Durable manufactures do_ _Iron and steel doLumber and products do _-

Furniture doLumber - -do __

Machinery - _ -do __Nonferrous metals and products do

Fabricating doSmelting and refining do

Stone clay and glass products doCement doClay products do _Glass containers do

'Transportation equipment do _Automobiles (incl parts) do

^Nondurable manufactures do

Chemical products do _ _Industrical chemicals do

Leather and products do

Shoes doManufactured food products do

Meatpacking do__Proce^sed fruits and vegetables do

Paper and products do

Petroleum and coal products doCoke doGasoline -- do _ _ .

Printing and publishing doRubber products doTextiles and products do

Cotton consumption doRavon deliveries dovvooi iexiij.es _ _

Minerals doFuels do _

Anthracite doBituminous coal -- doCrude petroleum do

Metals -.-do _

Adjusted combined index cf - do

Manufactures do_ _

Durable manufactures doLumber and products -do

Lumber do _ _Nonferrous metals do _

Smelting and refining doStone clay and glass products do

Cement doClay products doGlass containers - ._. __do

Nondurable manufactures do

Chemical products - doijVdil ei d. U p _

Manufactured food products doDairy products -doMieat packing do"Prnppsspd fruits and vegetables do

3,7123,6951,8851,810

3251,082

394

557666476

185206170

220

229

277261155172146347209198236

217237179206313216

191178304563918197

16498

188111

191187276185214183245157144289120198

16917899

152196115

219

228

2771571492092352122191739fM

1881882998978

160137168121

3,0122,9941 4331,561

325873354

452506411

157160154

217

227

280263141178122358207196235

212220177201320221

185154302563887994

15895

19596

183181281185215178250152136283118137

15917086

13519389

218

228

28215414120723521924217291 c

1851762988879

160136163123

2,6422,6191 1111,508

330924243

395393397

145137151

217

227

280261142175125359216206243

205188169219318218

18414530256210086

11015186

19383

187185281188211170248157144296116176

16217591

14719488

221

231

282159150216243217233182223

18917430010086

162137162128

2,0432,010

6381,372

330809227

303226361

11582

140

218

229

281261148176133360217204249

208196168232322219

18615230056210996

11814997

17584

194190281188212175243160150294122167

16217477

13519991

222

232

284162154217249224257177239

19017129710790

165138182133

2,1222,079

6281,451

369817254

314222382

11976

151

217

228

283263149175135359218204252

212200167239327222

18415529856310886

12214811616582

192188278204210180242152141288112164

15817068

12219990

221

231

285158149218252222244175239

18817029410886

166142179150

2 1002,053

5711,482

389812262

310202390

11664

155

215

224

277245152170143354218203257

216226168242329227

18015529555910284

11414915215289

186181261166205180235144130280108174

16517174

119201130

«16

225

277152143218257220238173242

18315729210284

163146165146

2 1762,142

5731,569

433825272

323202413

12368

164

211

224

278246145168133353216199260

224241167260338231

180158291558105

9011515419714796

182175209165157174242151135287117178

14314073

107159159

211

224

277142128216259217230168243

18115029210590

160148146147

2,3812,361

8511,510

427769271

356301398

139108162

205

215

249140155169148352210195246

225237169266339229

18717629656310290

111165217147124

18217725172

216175246154133312112197

14916174

10219375

204

214

247146134210247222222170269

18615229810392

166147148161

2 7112,6971 2351,462

410759269

407436385

154165145

194

203

232139150165143331201184241

216236160255287162

181186295565907798

174215137179

159153259

67225145225147111343103179

144155

5791

19081

193

202

230141128201242214215158266

179162299

9181

162145147138

2,8822,8741 3771,497

394812278

434487394

161182145

218

228

268242159175152337213197251

231261169272300175

195'15929956511695

129185214138230

188180280169231157242170143369123193

16116161

102194164

214

225

266148135213251221231164261

19115130211697

163148158121

3,6203,6091,9261, 683

370984316

544681443

196237164

231

240

289267167183159353221209248

232263167267346239

20015930456511295

123190173154268

191181281177234166249176145377136198

18018088

144203178

226

235

287155140221248222227161261

19415530311297

166148170137

4,1234,0982 3031,795

3651,088

330

618814472

220274179

••233

'245

••300••280r 164••189

151••361••234••228'251

-•235267

' 170262

'364'257

'200173

'309'576

112104118

' 178133169

' 191

203193

'279180

' 225180

'254172142

'361

197

' 1CT 167

9593

'203' 164

'229

'241

'298'155

138'234'251'224

231'161

254

'195162303112103

'165146169

'148

3 5403 5221 8711,651

346911384

531661434

191219170

"234

"245

"301"282"161" 189P147"368"237"230"252

227

"166

"360"255

" 20^W'

"312"588

"166

* 192" 121

"205

288

"233"184"259" 174

149356

"174"180

87135

"207P 141

"233

"243

"300"163" 149"237"251"222

"161

"197

"307

1"163

P 172"131

or January 1950-July 1951 based on final data will be shown later. Revisions for 1910-49, incorporating changes in methods of estimation and adjustments in production, disposi-tion, and prices, are shown on p. 23 of the December 1951 SURVEY. .

cT Seasonal factors for a number of industries were fixed at 100 during 1939-42; data for these industries are shown only in the unadjusted series.


January 1053 SURVEY OF CURRENT BUSINESS S-3


19

Novem-ber

51

Decem-ber January Febru-

ary March April May

1952

June July August Septem-ber October Novem-

ber


INDUSTRIAL PRODUCTION— Continued

Federal Reserve Index — Continued

Adjustedcf— ContinuedManufactures — Continued

IS ondurable manufactures— ContinuedPaper and products 1935-39=100

Paper and pulp doPrinting and publishing . _ _. do_Tobacco products - - _ . _do

Minerals - doMetals do

BUSINESS SALES AND INVENTORIES^

Business sales (adjusted), total - mil. of dolManufacturing, total do

Durable-goods industries doNondurable-goods industries . do

Wholesale trade, total doDurable-goods establishments _ _ _ do, -Nondurable-goods establishments do

Retail trade, total _. _ - doDurable-goods stores doNondurable-goods stores . _ - do

Business inventories, book value, end of month('adjusted), total mil. of dol

Manufacturing, total _ _ _ _ _ _ d oDurable-goods industries do.Nondnrable-goods industries _ do

Wholesale trade, total--- _ _. _ do . .Durable-goods establishments doNondurable-goods establishments.-. do-

Retail trade, total doDurable-goods stores _ _. _ doNondurable-goods stores do

MANUFACTURERS' SALES, INVENTORIES,AND ORDERS!

Sales:Value (unadjusted), total - mil. of dol

Durable-goods industries doNondurable-goods industries _ _ _ _ _ _ _ d o

Value (adjusted), total, _ . _ _ _ _ doDurable-goods industries, total do

Primary metals doFabricated metal products doElectrical machinery and equipment,- -doMachinery, except electrical doMotor vehicles and equipment - doTransportation equipment, n. e. s doFurniture and fixtures _ doLumber products, except furniture doStone, clay, and glass products doProfessional and scientific instruments- -doOther industries, including ordnance-- -do

Nondurable-goods industries, total doFood and kindred products doBeverages doTobacco manufactures - ___ _ _ doTextile-mill products doApparel and related products- ._ _ doLeather and leather products doPaper and allied products.. _ _ _ d oPrinting and publishing _ doChemicals and allied products do _Petroleum and coal products _ doRubber products . do

Inventories, end of month:Book value (unadjusted), total - _ ._ _ _ _ do

Durable-goods industries . . doNondurable-goods industries do

By stages of fabrication:Purchased materials _ doGoods in process doFinished goods _ _ . _ _ ... ___ do

Book value (adjusted), total doDurable-goods industries, total do

Primary metals doFabricated metal products doElectrical machinery and equipment-. -doMachinery, except electrical doMotor vehicles and equipment doTransportation equipment, n. e. s doFurniture and fixtures doLumber products, except furniture doStone, clav, and glass products doProfessional and scientific instruments, doOther industries, including ordnance. _ _ do

191187175194

170122

44, 63722, 37310,71011,6639,0252,7916, 234

13, 2394,3528,887

73, 88342, 69222, 33720, 35510,3735,1825,191

20,8189,797

11,021

22, 36010, 54211,818

22, 37310, 7102, 0651,2021,0471,9971,534

614345593515237561

11, 6633,197

484287

1,082976212679718

1,4902,097

440

42,31622, 05120, 265

16, 80510, 63714, 873

42, 69222, 337

2 7182,3722,7995, 1312,7301, 897

5731,018

819749

1,532

184182174147

163122

42, 79420, 962

9, 74511,2178, 7652, 6426,123

13, 0674,2518,816

74, 05943, 03922, 88420, 15610, 2665,1075, 159

20, 7549, 726

11,028

21, 0269,963

11, 063

20, 9629, 7451,8891,070

9991,8631,295

615276537425245531

11,2173,116

504281

1,122950238621668

1,4191,937

362

43, 05622, 65020, 406

16, 99411, 00015, 063

43, 03922, 884

2 8142,4142,9275, 2922. 7331,950

5491,069

827757

1,551

187185175176

167125

44, 79222, 63410, 86111,7739,0042,7046,300

13, 1544,3668,788

73, 99643, 07723, 11019, 96710,2385,1275, 111

20, 6819,775

10, 906

22, 26010, 45911, 801

22, 63410, 8611,9641,2401,0642,0501,647

645264614496284592

11,7733, 161

499318

1,143997252714760

1,5231,938

468

43, 47323, 09220, 381

16. 84711, 33415, 291

43, 07723 110

•?. 8662 3582,8995 3852,7472,039

5691,064

857756

1, 569

193189177175

167128

45, 86623, 50611,35212, 1548,9542,7736,181

13, 4064,6118,795

73, 82943, 16823, 31319, 85510,036

5,0115, 025

20, 6259,789

10, 836

22,41610, 69411,723

23, 50611,3522,0181,2051,1032,1361,645

733306678549280701

12.1543,382

475312

1,1481,045

270694733

1 , 6062, 047

442

43, 59423, 37920, 215

16, 67511, 64115, 278

43,16823 313

2 8932 4093,0425 4282,6832,082

5611, 064

866757

1,528

192188177174

164125

43,43122, 08510, 63211,4538,3262, 5785, 748

13, 0204,3148,707

73, 62043, 23723, 40119, 83610, 062

5, 0555,007

20, 3219, 583

10, 738

23, 20511, 27011, 934

22, 08510, 6321,9731, 1261,0591,9701,599

677313576484257597

11,4533, 126

530292

1,093958231651702

1,5151,949

406

43, 73223, 64720, 084

16, 53911, 80815,385

43, 23723 4012 8822 4383,0745 4652, 6702,124

5491,058

903735

1,504

185181175184

166141

45, 74823, 53811,31012, 2288,8622,7876,075

13, 3484,4968,851

73, 87643, 40223, 59619, 8059,9975,0544,943

20, 4779, 624

10, 853

22, 95011,23711, 713

23, 53811,3101,9941,2561,0362,0791,736

746318687472303684

12, 2283,280

564318

1,2441.130

261633760

1,5732,028

437

43, 61423, 81319. 801

16 30311,90015, 411

43 40223 596

2 8862 4453,1195 5392, 6692,170

5601 041

922748

1,498

182175170178

140143

45, 53323, 24711, 32811,9188,4482,6695,779

13, 8384,9318,907

73, 07443, 14423, 59519, 5509,8614,9554,906

20, 0699,112

10, 957

22, 47811, 05611,422

23, 24711,3281 9341 1971,0692 0331,812

817336642509297684

11,9183,312

568311

1 1481,121

630720

1, 5661 846

424

43 40723 92419, 483

16 15611,91915, 332

43 14423 595

2 %92 4323,1335 5252,6742,177

5661 040

996748

1, 466

181176176189

14765

44, 38121, 88810, 06011,8288,4932,6985, 795

14, 0004,8879,113

72, 91342, 89223, 34819, 5449, 8964, 8585, 038

20,1259,030

11,095

21,64010, 28411,356

21, 88810, 060

9911,0851,1541,9641,815

736350597483265619

11, 8283,171

638310

1 1161,124

290625684

1,4951 945

430

42 97223 51819, 454

15 87111,78215, 320

42 89223 348

2 9452 3443,1075 4(512,5622,202

5561 030

937762

1,444

160154157172

14265

44, 45521, 8589,777

12, 0818,9492,8176, 132

13, 6484,4949,154

72, 76542, 74822, 96219, 7869,8904, 8645,026

20, 1278,749

11,378

20, 0518,844

11,207

21, 8589,7771 1131,1841,1061,9421, 167

790377621497302678

12,0813, 267

609325

1 1621,171

267650704

1,5601 956

408

42, 66023 05019, 610

15 73711,81315, 110

42 74822 962

2 9282 2353, 0625 3142,5172,248

5551 005

922757

1,420 i

188180165186

156131

43, 61221, 89810,43711,4608,3712,4955,876

13, 3434,2009,142

72, 71443, 10723, 20019,9089,8624,9344,928

19, 7458, 626

11, 119

22, 60510 57912,026

21,89810 4371 9301 0531,1681,8331,309

811389600522261563

11, 4603,012

573310

1 058965282667667

1,4732 003

452

42 70723 11619, 591

15 69912, 04114 967

43 10723 200

2 9712 3093,0375 2802, 6412,291

539 '1 010

904770 !

1,456 :

192181165187

175149

46, 27623, 66311, 51012, 1549, 0552, 7936,262

13, 5584, 5089,050

73, 43743, 22423, 29219, 9329,9324, 9644, 968

20, 2818,956

11, 325

24, 70011, 90512, 795

23, 66311,5102,1071,1561,2561,9661,831

749419629545245607

12, 1543,246

534324

1,1371,068

275699678

1,6022,109

482

42, 66023 14719, 513

15 83612, 13214, 692

43 22423 292

3 031 '2 3183,0315 2742, 6362,343

534 i1 006

gQ2

764 :

1,462

203192176190

r 164r 144

f 48, 304r 24, 7 28r 11, 968r 12, 760

r 9, 3892,931

* 6, 458' 14, 198

r 4, 846r 9, 341

74, 18943, 41523, 61519, 80010, 1224, 986

r 5, 136f 20, 652

r 9, 175r 11, 477

' 26, 462' 12, 787' 13, 674

' 24, 728f 11, 968

r 2 198r 1, 263r 1, 205r 2, 068

1,842-•812

410'678

553'277'663

«• 12, 760r 3, 452

r 513r 327

r 1 188T 1, 281

T 265r 734T 720

r \ 660r 2 181

440

r 42 920r 23 385' 19, 536

T If, Q5gr 12, 272r 14 590

r 43 415r 23 015

r 3 Q84T 2 362r 3, 039r 5 275' 2, 735r 2, 472

coo

1 019T §74 i

778' 1, 445 i

f 205

v 176

p 175v 148

46, 27223 51011, 69911,8118,7712, 7396,032

13, 9914,8389, 153

74 65643, 51223, 79519, 71710, 1785.0845,094

20, 9669.467

11, 499

23, 48311 52911, 954

23, 51011 6992 1481 1941,2282 0881 793

879362605524258620

11, 8113 253

445310

1 0781 130

235665679

1 5332 044

43 16423 51519, 649

16 18812,31714 659

43 51223 79 ri3 1492 3872, 9905 3102, 8622, 451

C^tO

1 056851781

1,415

r Revised. * Preliminary. rf1 See note marked "c?" on p. S-2.§The term "business" here includes only manufacturing and trade. Business inventories as shown on p. S-l cover data for all types of producers, both farm and nonfarm. Unadjusted

data for manufacturing are shown on this page; those for retail and wholesale trade, on pp. S-8, S-9, and S-10.tRevised series. All components of business sales, inventories, and orders have been revised since publication of the 1951 STATISTICAL SUPPLEMENT. The latest revision (affecting data

. 18 f f . ) ; the new1948 for manu-

(see pp. 17-1


S-4 SURVEY OF CURRENT BUSINESS January

1950 and descriptive notes are shown in the1951 Statistical Supplement to the Survey

19

IS ovem-ber

51


ary March April May

1952

June July August ^beT" OctoberNovem-

ber


MANUFACTURERS' SALES, INVENTORIES,!AND ORDERSf—Continued

IInventories, end of month—Continued

Book value (adjusted)—ContinuedNondurable-goods industries, total__mil. of dol__

Food and kindred products doBeverages doTobacco manufactures doTextile-mill products doApparel and related products doLeather and leather products doPaper and allied products doPrinting and publishing doChemicals and allied products doPetroleum and coal products doRubber products do

New orders, net (adjusted), total© doDurable-goods, industries, total do

Primary metals doFabricated metal products doElectrical machinery and equipment doMachinery, except electrical doTransportation equipment, including motor

vehicles and parts mil. of doLOther industries, including ordnance do

Nondurable-goods industries, total doIndustries with unfilled orders 9 doIndustries without unfilled orders j do

Unfilled orders (unadjusted), total© doDurable-goods industries, total do

Primary metals doFabricated metal products doElectrical machinery and equipment doMachinery, except electrical do |Transportation equipment, including motor j

vehicles and parts mil. of dol..:Other industries, including ordnance do j

Nondurable-goods industries, total 9 do j

20, 3553. 5721,2471.7493. 1921.828643943780

3,0022, 618782

23, 40611,8201, 7641,2891.3462,146

3,0112, 26311,5862,6148,972

65,71762, 0768,2025, 7668,66811,916

21, 5775,9473,641

20, 1563, 4791,2331,7613,0451, 816'613986795

2,9842,600843

22,17410, 9371.7371. 1761.2742,092

2, 5362,12311,2372, 6688,568

65. 79562, 4108,0745,7398,95412, 018

21, 8465, 7803,385

19, 9673.4561,2291. 7222,9911. 779615995786

2,9792,574840

22, 69511,1152,0131,1751, 1951,966

2,4212,34611,5792, 6758,904

66, 82363,5068,1255.9349,03812. 165

22, 1926, 0523.317

19, 8553, 5491.2871,6942', 8741.694581

1,027779

2,9662. 556848

23, 49311,3921,9471,0581,5501,984

2,4882,364

12,1012,7929,310

67.08863, 7977,9835, 8199 22712,' 171

22, 4146.1323,292

19, 8363, 5561,3171, 6852,7721, 650587

1. 032772

2,9982,602865

23, 07511,8411,749984

1,9551,708

3,3302,11611,2342,4578,777

68,99265,887 I7,800 i5.781 !10,596 j11,941 !

23,6446.1253, 105

19. 8053,5221,3131, 6932,7791,590582

1,059778

2, 9862, 628

24, 56912, 7612,2581.2621,2891,934

3,4472,517

11,8082,4779,330

69,978 j67,1148,042 !5.997 i10,735 i11,719 |

24, 3946,2282,864

19, 5503,4861, 3211,7042, 7351.543575

1, 039751

2,9732,544

23, 28411,4921,8831,2751,1561,713

3,0092,456

11,7922,6459,146

69, 23066, 3097,8385. 97410, 75411.303

24, 3446,0972, 922

19, 5443,4731.2961,6932,7341, 537558

1,028741

3,0112,607864

24, 32712,4231,2711,2781,3551,908

4,0192,59211, 9042,7919,113

72, 54169, 3408,1046,08811, 30211,097

26, 4786,2713,201

19, 7863.4851.2891,7242, 7641'. 685554

1.007715

2,9952, 683

r 23,68811,3931,3741, 2521.1741.916

3.0692,60912, 2952,9969,298

74,98571, 7058, 5616,19611,49711,279

27,5636,6093,280

19, 9083.4891,2591,7202 7981.770543972722

3, 0222.728'884

21,7929,9381,7891,1421,0661,515

2,3082,11811, 8543.0678,787

75, 22071, 8828,5976.22611.41911,115

27,9126.6133,338

19,932 !3,443 \1,2681,726 !2,8331,725 i541973734

3,0222,788

24, 38612,1982,1941,3751.3111,883

3,1712, 26512,1872,8239,364

75,662 i72,305 I8,465 |6,383 i11,51210,942

28. 5876, 417

r 3, 357

r 19, 800r 3. 488- 11 222' l! 726r 2, 841' 1, 609'549«• 960' 744

T 3, 0102, 777'874

' 24, 447r 11, 772••2,211r 1, 289- 1. 324' 1, 926

' 2, 571r 2, 451

r 12, 675•• 2. 822 ir 9, 854 i

' 74, 478r 71, 256 \' 8, 406>• 6, 335

r 11,501r 10, 651 !

T 28, 249 !r 6, 112 !'3,223 '

19, 7173,4441, 1931. 7392', 7571, 605540974

3. 0052,814874

23. 02711, 3901, 8831,1971, 2562,007

2. 5862, 46211, 6372,4829, 155

73. 34470, 2718, 1046. 21811,31310. 423

28, 26(15. 9543, 073

BUSINESS POPULATION

OPERATING BUSINESSES AND BUSINESSTURN-OVER

Operating businesses end of quarter total thousContract construction do

Service industries doRetail trade doWholesale trade do\11 other do

New businesses quarterly total doContract construction doManufacturing do

Retail trade doWholesale trade do\11 other do

Discontinued businesses quarterly total doContract construction doManufacturing doService industries do

Wholesale trade do\11 other do

Business transfers quarterly total§ do

BUSINESS INCORPORATIONS^

New incorporations (48 States) number

INDUSTRIAL AND COMMERCIALFAILURES^

Failures total numberCommercial service doConstruction _ __ doManufacturing and mining doRetail trade _ _ - _ _ . doWholesale trade do. _ _

Liabilities, total thous. of doL _Commercial service doConstruction - - . _ _ doManufacturing and mining doRetail trade - doWholesale trade do

6,289

5874868

10630758

17,567952

3,7406,1584,3692,348

4,014.0380.3304 3859.6

1, 664. 0208. 4597 5

82 412.88.8

15 329. 13.9

12. 5

80 611 69.9

13 733 6

3. 18 8

83. 7

6,913

6124871

13129666

19, 4031,8742,2516,5155, 1773,586

8,357

6715068

14334862

26, 2084,2492,6728,3657,7613,161

7,138

6195270

13330460

19, 4741,6491,9355,6146, 5483,728

4, 035. 9390.6305.1863. 2

1, 663. 9210.0603.2

122.824.212.921.241.65.3

17.6

100.813.912.117.641.63.7

11.9

130.2

7,902

7155572

14837169

29,2324,5632,485

13, 0466,9052,233

8,284

7805893

17137583

29, 5301,7443,853

12, 6337,0504, 250

7,915

6386075

11133359

21, 1931,2192,646

10, 2175,2641,847

7,819

6715278

12834073

21, 2221,9712,9906,9717,0242,266

7,549

5804148

133299

59

22, 7891,4663, 1968,8825,4343,811

7,088

5945158

10931660

16, 3221,8091,8165, 0565, 2552, 386

1

i j

I

7, 529 r 223 6, 761

539 631 ; 59036 52 1 6150 88 ! 62

107 146 ! 121288 291 l 280

58 54 Gf)

20.138 35,049 18,757947 2,175 3,027

2.729 5,167 1.5886.780 13,079 5.8535. 317 6. 078 5. 86".4, 365 8, 550 2. 424

r Revised. p Preliminary. fRevised series. See corresponding note on p. S-3.© Adjusted data for new orders replace the unadjusted series formerly shown; for data beginning 1948, including those for unadjusted unfilled orders, see pp. 17 and 18 of the November

1952 SURVEY.9 Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable-goods industries are zero.

r these industries (food,'beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders.§Revisions for 1944—1st quarter 1951 appear in corresponding note in June 1952 SURVEY. -— • - — . _ . . . _d" Data are from Dun & Bradstreet, Inc.




1951

Novem- Decem-ber ber

1952



COMMODITY PRICES

PRICES RECEIVED AND PAID BY FARMERS

Prices received, all farm products § 1910-14=100--Crops _ do

Food grains. _ _ _ _ _ _ _ _ _ _ _ _doFeed grains and hav doTobacco _._ _ _ _ _doCotton doFruit _ _ - _ doTruck crops doOil-bearing crops _ _do

Livestock a n d products _ _ _ _ _ _ _ _ _do_ _ _Meat animals doDairv products doPoultry and eggs . _.do_

Prices paid:A 11 commodities .. 1910-14=100—

Commodities used in living doCommodities used in production do

All commodities, interest, taxes, and wage rates1910-14=100-.

Parity ratio 9 ... _ _ _ _ . . _ . -do

RETAIL PRICES

All commodities (U. S. Department of Commerceindex) 1935-39=100

Coal (U. S. Department of Labor indexes) :f\nthracite, chestnut 1935-39 — 100Bituminous, all sizes do

Consumers' price index (U. S. Dept. of Labor):All items _ ,1935-39 = 100

Apparel doFood _ _ do

Cereals and bakery products doDairy products _ _ doFruits and vegetables doMeats, poultry, and fish do

Fuel electricity and refrigeration do

Other fuels doHousefurnishings _ _ _ _ _ _ doRent doMiscellaneous do_

WHOLESALE PRICESc?

U. S. Department of Labor indexes (revised) :|All commodities 1947-49 = 100

Farm products doFruits and vegetables, fresh and dried - _ _ doGrains doLivestock and live poultry do _ _

Foods, processed doCereal and bakery products _ _ ___ doDairy products and ice cream doFruits and vegetables, canned and frozen

1947-49 = 1 00. _Meats, poultry, and fish . _ _ do. __

Commodities other than farm products andfoods. 1947-49=100

Chemicals and allied products doChemicals, industrial _ doDrugs, Pharmaceuticals, cosmetics doFats and oils, inedible _ _ doFertilizer materials do __Paint and paint materials . __ __do

Fuel, power, and lighting materials doCoal ._ __. do__Electricity ._ doGas doPetroleum and products do

Furniture and other household durables1947-49 = 100.-

Appliances, household doFurniture, household _ . doRadios, television, and phonographs. _do

Hides, skins, and leather products doFootwear _ doHides and skins ... _ _ _ d o _ _Leather. _ . do

Lumber and wood products doLumber--. do

Machinery and motive products doAgricultural machinery and equip doConstruction machinery and equip doElectrical machinery and equipment. -doMotor vehicles . _ _. . _ do „

301267249224424345172249307332387305249

274271277

284

106

210.3

188.6207.6231.4190.2210.4223. 5273.5144.897.4

206.3210.8138.9168.4

113.6

112.0106.9103.9108.5

111.0107.8111.1

106.1115.8

114.5108.6120.995.065.2

108. 1109. 8

106.9108.898.099.2

110.9

112.7107.9115.593.0

107.0118.087.6

100.3

121.1120.8

120.5120.2123.8122. 1116.3

305280253233440339177331309328379314233

273272275

284

107

210.8

215.2207.3

189.1206.8232.2190.4213.2236.5270.1144.997.5

206.6210.2139.2169.1

113.5

111.3117.4105.1107.5

110.7107.9113.0

106.2113. 6

114.6108.4120.895.261.5

108.9109.9

107.4108.998.0

106.6110.8

112.7108.2115.193.0

105.1116.581.798.7

120.3120.4

120.7120.2124.0121.8116.5

300277251234431325171337303320376316200

275271278

287

105

210.9

215.2207.3

189.1204.6232.4190. 6215. 8241.4272. 1145.097 6

206.8209.1139.7169.6

113.0

110.0121.5103.6106.7

110.1107.5113.2

105.7113.5

114.3106.7118.194.856.8

109.4109.3

107.4108.898.0

106.6110.8

112.3108.0113.693.1

102.2115.969.797.0

120.1120.4

120.8121.5124.6121.5117.1

289259249230436313168217296317377317181

276271281

288

100

208.9

215.2207.3

187.9204.3227.5190.9217.0223. 5271.1145.397 9

206. 7208.6140.2170.2

112.5

107.8112.6101.7106.2

109.5107.4115.1

104.8110.8

114.2105. 91 17. 593.451.2

109. 6108.7

107.2108.898.0

107.0110.4

112.4108.0113.593.1

99.5116.163.789.5

120.3120.6

122.0121.8125.2121.6120.0

288265251229435309176265284310372305177

275270280

288

100

208.7

215.2207.3

188.0203.5227.6191.2215. 7232.1267.7145.397 9

206.8207.6140.5170.7

112.3

108.2123.9102.0105.2

109. 2107.5113.3

104.9111.0

113.8105.4117.093. 147.3

109. 6107.9

107.4108.799.1

105.7110.6

11.1.9107.4113.490.7

98.0115.959.687.6

120.5120.7

121.8121.8124.9121.5120.0

290272250229435313179308279306372291180

276271280

289

100

209.7

213.0207.3

188.7202.7230.0191.1212.6247.2266. 7145.398 0

206.1206.2140.8171.1

111.8

108.7127.3100.9106.6

108.0107.4112.2

104.6109.4

113.3104.8116.892.742.6

109.8108.0

106.3104.999.1

106 6109. 5

112.1107.8113.490.7

94.1113.949.784.4

120.9121.3

121.6121 6124.9120.9119.7

293270245227436303190285280313394281175

276271281

289

101

210.3

200 2205.0

189.0202.3230.8193. 8210.6253.8266.0144.698 2

203.1205.4141.3171.4

111.6

107.9128.998.8

108.9

108. 6107.0110.6

104.2112.1

113.0104.3115. 192.247.2

111.5107.3

106.0104.998.0

104 2109.9

111.7107.3113. 190.7

94.7111.158.184.5

120 7121. 1

121.6121 5125.3120.8119.7

292277238226437319220250289306380277181

273272273

286

102

210.6

201 0205.5

189.6202.0231. 5193.3209.8250.0270.6144.898 4

203.4204.4141.6172.5

111.2

107.2124.295.4

107.2

108 5106.7110. 1

103.5110.1

112.6104.3114.992.252.0

109.9107.0

105.9105.398 5

102 0109.6

111.6106.8112.793.8

95.9111 059.588 9

119 9120.1

121.3121 5125.4120.0119.7

295276230227436311214287307312376286208

273273273

286

103

211.8

206 6206.8

190.8201 4234.9194 4212.3253 2270.4146. 498 3

208.4204.2141.9173.0

111 8

110.2128.294.9

108.2

110 0106.5113 8

103.9110.6

112.5104.2114.792.149.8

110. 7106.9

106.0106.099 1

101 4109 4

111.6106. 8112 693.8

96.2110 661.889 3

120 2120 4

121.4121 5125.4119.9119.7

295272236233436319206229310316372295225

274273274

287

103

211 8

208 1207.9

191.1201 1235.5194 2213.8242 3277.3147 399 0

209 0204.2142 3173.2

112 2

109 9124.396.9

106.4

110 5106.4114 3

105.1112.3

113.0104 0114.692.147.5

110 9106 9

105.8106 5100 7100 4108 3

111.5106 8112 593.7

96.5110 664 489 3

120 5120 6

121.4121 5125.3119.8119.7

288264240234428329200182305309349307227

271271272

285

101

211 l

211 6208.7

190 8202 3233 2194 1216 7227 6277.0147 699 0

210 1205 0142 4173 8

111 8

106 6115,696 999 3

110 3106 5116 4

105.9109 4

113 2104 0114 392.148 9

111 0107 0

106. 2107 6101 3100 3108 5

112.0107 3112 693.7

96.5110 664 489 3

120 4120 6

121.5121 5125.8119.7119.7

282260240219429311215189304301328316228

269269269

282

100

210 7

219 4212.1

190 9202 1232 4194 3218 1227 3271.5148 499 0

212 8204 6143 0174 4

111.1

104.9111.795.094.8

108.5106.4115 9

105.9104.1

113.0103.9113.992.051.0

111.0106.5

106.6113.398.5

100 4108. 5

112.0107.2112 693.7

96.7110 665 490 1

120 2120 2

121.3121 5125.8119.0119.7

277257248213412288195238300295310318238

268269266

281

99

210 5

221 6213.6

1 191.1201 3232.3194 3218.2236 7265. 5149 0

99 4213 7204.9143 9174.7

110. 7

103.8113.296.593.0

107 7107.1115 5

105.9101.9

112.8103 5112.791.953 2

111 1106 3

106.4113 498 5

100 4108 1

112. 1107 2

93.8

97.8111 069 990 5

119 7120 0

121.3121 6126.2119.0119 7

T Revised. 1 Index on old basis for November 1952 is 191.6.§December 1952 indexes: All farm products, 269; crops, 257; food grains, 247; feed grains and hay, 218; tobacco, 428; cotton, 268; fruit, 206; truck crops, 256; oil-bearing crops 300- livestock

and products, 280; meat animals, 291; dairy products, 309; poultry and eggs, 221.9 Ratio of prices received to prices paid (including interest, taxes, and wage rates). c^For actual wholesale prices of individual commodities, see respective commodities.±-T>^,^~A r - , , 3 r . . ~ ± ~ . t _• r i s * A ^ I T _. \.^a,,± r i • _ j _ „ j _ . . _ - . , , , . periods back

, and calcula-

products and foods" arc on p. 24 of the June 1952 fssue. ' It should be noted that the revised wholesale price series does not replace the former index (1926= 100) as the official index of primarymarket prices prior to January 1952.


S-6 SURVEY OF CUKEENT BUSINESS January 1053


1951

Novem-ber

Decem-ber

1952



COMMODITY PRICES—Continued

WHOLESALE PRICEScf— Continued

U. S. Department of Labor indexes (revised) :J— Con.Commodities other than farm prod., etc.— Con.

Metals and metal products 1947-49=100--Heating equipment doIron and steel _ _ . -doNonferrous metals do

Nonmetallic minerals, structural . _ . d o _ _ _Clay products doConcrete products doGypsum products. . . ..do . _

Pulp paper and allied products doPaper do

Rubber and products _ ___ _ -do _ .Tires and tubes do

Textile products and apparel _ _ ... do _ _.Apparel doCotton products do_ ..Silk products _ doSynthetic textiles doWool products _ do. .

Tobacco mfrs. and bottled beverages doBeverages alcoholic doCigarettes do

PURCHASING POWER OF THE DOLLAR

As measured by —Wholesale pricesf 1935-39 = 100. .Consumers' prices doRetail food prices do

122.5114.4123.1124.1113.6121.4112.4117.7

118.4122.4144.6133.9103.9102.3102.3123.291.5

122.0

107.5105.9105.0

46.053.043.2

122.5114.5123.1124.2112.8121.4112.4117.7

118.4122.4144.3133.4104.0102.1103.3125.391.7

120.3

108. 1105.9105.0

46.052.943.1

122.4114.0123.1124.2112.9121.4112.4117.7

118.2122.8144.1133.4103.3101.7102.8126.091.4

118.0

108.1105.9105.0

46.352.943.0

122.6114.0123.2125.0112.9121.4112.4117.7

118.3123.7143.1133.4102.1101.7101.0130.289.9

114.4

110.8111.2105.0

46.553.244.0

122.6114.0123.2124.9112.9121.4112.4117.7

117.7123.8142.0133.4100.6101.699.6

129.187.3

111.8

110.8111.2105.0

46.553.243.9

122.5113.9123.0124.8112.8121.3112.4117.7

117.4123.5140.6133.099.9

101.298.6

128.486.7

109.2

110.8111.2105.0

46.753.043.5

121.8113.7122.8122.0112.9121.4112.4117.7

116.9123. 5140.4133.099.?

100.897.2

128.886.8

111.7

110.8111.2105.0

46.852.943.3

121.1113.5122.4120.0113.8121.4112.4117.7

116.7124.2133.4130.599.0

100.395. 4

129.888.6

112.8

110.8111.2105.0

47.052.743.2

121.9113.6122.3124.0113.8121.3112.4117.7

115.3123.8130.0129.698.999. 596.1

134.789.2

113.9

110.8111.2105.7

46.752.442.6

124.1113 7127.2124 4113 8121 3112 4117.7

115 6124 0127.8126 399 1gq i97 6

139 390 5

113 3

110 8111 2105 7

46 652 342 5

124.6113 7127 5124 7113 8121 3112 7117 7

115 6124 0126 3126 399 599 398 9

139 389 9

112 4

110 8111 2105 7

46 752 442 9

124.1113 7127 3122 9114 4124 0112 7117 7

115 5124 9126 0126 399 298 499 2

140 089 5

113 2

110 8111 2105 7

47 052 443 0

123. 9113 7197 0122 5114 5124 0112 7117 7

115 5124 9126 5126 398 698 398 4

130 389 1

112 6

110 8111 2105 7

47 252 343 0

CONSTRUCTION AND REAL ESTATE

CONSTRUCTION ACTIVITY 9

New construction, total mil. of dol_

Private, total doResidential (nonfarm) do

New dwelling units doAdditions and alterations do

Nonresidential building, except farm and publicutility, total '. mil. of dol..

Industrial doCommercial do

Farm construction doPublic utility _ ._do_. . .

Public, total do.Residential do.Nonresidential building do..Military and naval do.Highway do.Conservation and development do_.Other types do..

CONTRACT AWARDS

Construction contracts awarded in 37 States (F. W.Dodge Corp.):

Total projects number.Total valuation thous. of doL

Public ownership do. - -Private ownership do_ _ -

2,624

1,81893083284

42520096

126331

3001091877675

36,323931, 768323, 736608,032

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

Residential buildings:Projects number..:Floor thous. of sq. f t - JValuation thous. of dol

Public works:Projects number- - jValuation __ . thous. of dol J

Utilities: |Projects number., jValuation thous. of doL -

Value of contract awards (F. R. indexes) :| ITotal, unadjusted 1947-49= 100. - 1

Residential, unadjusted do ITotal, adjusted do !

Residential, adjusted do j

Engineering construction: jContract awards (ENR)§ thous. of doL- 1,024,7

Highway concrete pavement contract awards:© iTotaL thous. of sq. yd.

Airports do _ _ .Roads d o _ _ -Streets and alleys do.. _

3,61827,611

327, 706

31,16247, 248

443, 884

1,233117,809

31042, 369

141141156146

2,366

1,674840760

41520092

110303

69266

28988

11172

28,8321,234,339

502, 416731,923

3,26243,016

593,007

24, 20437,985

346,104

1,064138,859

302156,369

134124166145

829,173

3, 757 I i 4,159671 M13

1,814 12,1971,271 i i 1,549

2,174

1,51771965056

41520983110267

6576328691906265

31,842902, 091296,897605,194

3,32524, 868357, 676

27, 38037, 423337,721

840130,814

29775, 880

132118161142

3,487621

1,4971,369

2,088

1,463676 j600 j63 i

40620975113263

6255827585905661

33,767885, 206338, 662546, 544

3,47224,941301, 404

29, 06945, 380396, 438

930124, 885

29662, 479

136145156163

2,332

1,61779971077

39820274123292

71555

31110011565

45,0411,321,254554, 050767,204

4,31133, 345463, 276

38, 86065, 422592,717

1,429193, 714

44-171, 547

166183164 I174 !

2,516

1,69084975087

38619473136313

826543431091756877

50,0971, 597,517636, 357961,160

4,44939, 343562, 256

43, 44773, 847681, 614

1,814241,740

387111,907

196222171189

2,743

1,811922810

39218882157333

932543561162507284

63,7091, 563, 660557,803

1,005, 857

5,08837, 346462, 863

55, 75982, 579753,755

2,353219, 628

509127,414

203221168186

2,945

1,925983865103

40418292171359

1,020543751193107686

50, 8451, 488, 850559, 140929, 710

5,02241, 725551, 500

43,01262. 176581, 792

2, 266245, 969

545109, 589

200213172193

3,027 3,095

1, 994 2, 0371,023905

1,047930

101 99

411 418180 18197 i 98

180 i 183371

1,033533751213207688

52,0781,511,285618, 737892, 548

5,46840, 979562, 686

43, 465

381

1,058553731293357591

52, 9091, 438, 725501, 258937, 467

5,19638, 912519, 940

44,94364, 003 65, 863608, 078

2,680243, 458

465

627, 596

2, 310. 208,887

46097,063 ! 82,302

194 218199 192177 ! 207196 193

3,098 3,011 2,787

2,030 1,988 1.9241,049 1,048 1,033935 935 92596 95 90

430 434 435187101168

189 ! 190104139

109117

376 360 331

1,068533691273507990

47, 006r 2,039,2031,269,355r 769, 848

1. 023 863523521253307787

50,542r 1,310,958r 409, 433

493321172157080

41, 5691, 248. 803490. 650

890,525 ! 758,153

4, 289 5, 161 4. 38229, 257 38, 822 39. 788

rl, 272,367 ; 470,520

40,440 ! 43,312

461,476

35, 48756,743 ! 65,489 55,872518, 471 ! ' 602, 313 528. 429

1,838 1,665 1,336176,652 152,455 195,265

439 ; 404 36471,713 85.670 ! 63,633

209 200192 ; 180207 i 209

166174184

191 185 i 181

788, 429 1,042, 851 1,180,34011,433,642 1,140, 654 ] 2, 310, 504 2,210,572 952, 218 »1,446,381 1, 079. 879

723 !

9881,856

5,411427

3,2891,695

5, 386 i238

2.9012,248

6,702 !791 !

3,1282,783

7,047 :843 !

3,401 !2,803

6. 587729

2,6573,201

6,0811,0702, 6522,359

5,5371,6911,0512,795

5.2581, 5121,4862,259

2. 571390

1.193988

r Revised. l Data include some contracts awarded in prior months but not reported.d"For actual wholesale prices of individual commodities, see respective commodities. JSee note marked " t" on p. S-5.fRevised series. Purchasing-power data are based on revised price indexes shown on p. S-5; for revisions through 1951, see p. 24 of the June 1952 SURVEY. Indexes of contract awards

reflect use of new base period; revisions prior to 1951 will be shown later.9 Revisions for January-March 1951 (except for grand total, total public, and military and naval, which have been further revised) are shown at bottom of p. S-4 of the June 1952

SURVEY; revisions for 1947-50 and for January-August 1951 (for the three series aforementioned) will be shown later.§Data for November 1951 and January, May, July, and October 1952 are for 5 weeks; other months, 4 weeks.©Data for November 1951 and January, May, July, and October 1952 are for 5 weeks; other months, 4 weeks.


January 1053 SUEVEY OF CUKKENT BUSINESS S-7

1950 and descriptive notes are shown in the1951 Statistical Supplement to the Survey

19

Novem-ber

51


ary March April May

1952


ber

CONSTRUCTION AND REAL ESTATE—Continued

NEW DWELLING UNITS AND URBANBUILDING

New permanent nonfarm dwelling units started(U. S. Department of Labor) number _ _

Urban building authorized (U. S. Dept. of Labor):New urban dwelling units, total number. -

Privately financed, total doUnits in 1-family structures ._ do _Units in 2-family structures doUnits in multifamily structures do

Publicly financed, total ... do-- -Indexes of urban building authorized:t

Number of new dwelling units 1947-49 = 100Valuation of building total do

New residential building doNew iionresidential building doAdditions alterations and repairs do

CONSTRUCTION COST INDEXES

Department of Commerce composite t_ 1947-49 = 100-.Aberthaw (industrial building) 1914 = 100American Appraisal Co.:

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

Associated General Contractors (all types) .--doE. H. Boeckh and Associates, Inc.:§

Average, 20 cities:Apartments, hotels, and office buildings:

Brick and concrete- -U. S. avg. 1926-29=1 00. .Brick and steel doBrick and wood do

Commercial and factory buildings:Brick and concrete -- doBrick and steel _ _ - doBrick and wood doFrame _ - - - doSteel do

Residences:Brick -_ _ - do _Frame do

Engineering News-Record .•fc?1

Building .1947-49 = 100.-Construction do

Bu. of Public Roads— Highway construction:Composite standard mile 1925-29 ~ 100

CONSTRUCTION MATERIALS

Production of selected construction materials, index:Unad justed 1939 ~ 100Adjusted - - do

REAL ESTATE

Home mortgages insured or guaranteed by —Fed. Hous. Adm.: New premium paying

thous. of doL.Vet. Adm.: Principal amount-.. - -do

Federal Home Loan Banks, outstanding advancesto member institutions mil of dol

New mortgage Joans of all savings and loan associa-tions, estimated total - - thous. of dol__

By purpose of loan:Home construction.-- _. _ _ _ . d o _ - _Home purchase doRefinancing . _ . . . _ - . . _ _ - do._Re pairs and reconditioning- _ _ - doAll other purposes do

Xew nonfarm mortgages recorded ($20,000 andunder), estimated total thous. of dol

Nonfarm foreclosures, adjusted index 1935-39=100.Fire losses thous. of dol. _

74, 500

34, 98932, 68127, 7811,7663,1342,308

76 5r 97 8r 97.7

r 103 3T 85.5

117.6

538562548494532378

235.1236.4246.9

236. 9236. 5242.5251.1221.5

247.3245.7

120.0120.9

157 3158.7

140, 528308, 639

781

430, 482

128, 665202, 15937, 92014, 78546, 953

1, 366, 07311.0

60, 064

60, 800

27, 80726, 78221, 2241,7003, 8581,025

61 377 075 380 575 5

117.5374

539573548494533380

235.9237.2246.9

237.7237.0242.7250.5221.9

247.3245.4

120.0120.9

166 7

134 6152.3

124, 701267, 958

806

404, 033

125, 287182, 71037, 32212, 89545, 819

1, 308, 15111.1

68, 206

64, 900

37, 65934, 37428, 376

2, 3863, 6123,285

82 191 899 780 887 8

118.4

542581549497535380

237.0237.9248.0

239.2238.0243. 8251.9222.6

248.5246.5

120.1121.3

139 8163.7

159, 063301, 276

665

400, 443

115, 168183, 73337, 90615, 03348, 603

1, 298, 25411.5

74, 155

77, 700

45, 67643, 16334, 9783,0175,1682,513

100 9107 5126 281 497 4

118.3

543581550497535378

236.7237.4247.8

239.0237.9243.7251.5222.4

248.3246.2

120.5121.5

140 0169.7

125, 363242, 103

612

427, 835

131, 487185, 92043, 39715, 56751, 464

1, 270, 90811.6

69, 925

103, 900

57, 93749, 84540, 1393,4696,2378,092

130.1140 7166 1110 3115 1

118.6374

544582551498537378

237.2237.7248.0

239.7238.3244.0251.5222.7

248.5246.2

120. 6122.3

169.1

150 8159.6

123, 807235, 651

589

514, 098

171,907213, 72349, 10418, 95960, 405

1, 393, 31711.7

72, 254

106, 200

64, 86756 24145, 9383,5586,7458,626

142 5152 3183 8115 6118 6

119.5

545582552499541379

238.3238.5248.9

241.0239.3245.1252.1223.3

249.4246.9

121.3123.0

156 9157.8

125, 629244, 042

581

549, 140

182, 636238, 587

49, 44621, 79756, 674

1, 482, 16111.3

67, 380

109, 600

61, 43653 37243, 6443,5326,1968, 064

129 5147 0171 2113 5133 2

119.7

548584554504543381

239.4239.2249.5

242.2240.7245.8252. 8226.1

250.0247.4

122.0124.0

157 6149.0

127, 751202, 758

591

586, 035

197, 525251, 88450, 07624, 45262, 098

1, 511, 48811.1

62, 354

103, 500

55, 07548 85041, 0843,0604,7066,225

121 8157 0161 7152 7149 4

120.8383

550588554504544382

242.1241.3251.9

245.3243.4247.8255.8226.4

252.5249.8

122.6126.0

171 8

149 9140.1

134, 248195, 987

653

586, 842

191, 812257, 06949, 59524, 23864, 128

1, 512, 73412.1

58, 585

102, 600

52, 12650, 58441, 8042,9305, 8501,542

116 0145 6150 9139 9138 7

121.8

555600554513549391

243.5242.9252.7

246.8245.7248.8256.4229.5

253.3250.4

124.9128.9

r 149 8r 140. 8

147, 208189, 189

656

595, 994

190, 039264, 69253, 01425, 06563, 184

1, 590, 31911.7

61, 675

99. 100

49, 25047, 83238, 8673,2925,6731,418

108.2133 8139.4128 6124 6

122.4

558602555513549393

245.3244.5253.8

248.6247.5249.8257.0231.2

254.2251.1

125.6129.5

T 173 4'153.2

147, 057202, 746

687

617, 431

199, 720279, 19250, 85024, 62563, 044

1, 597, 78312.4

56, 462'

r 100, 800

53, 29651, 87842, 3523,0786,4481,418

117.1143.0155.2127.8132.9

122.7383

561604556514551394

246.0245.2254.4

249.4248.5250.5257.3232.2

254.8251.5

125. 6129.9

174.9

177.5165.1

162, 487217, 292

715

616,352

192,667285, 33750, 45726, 09761, 794

1, 587, 52311.1

58, 949

101, 000

54, 47552, 34742, 6202,7137,0142,128

119.9147 8161.2132 9131.9

122. 6

562604557521551397

246.4245.5254.2

249.8248.2250. 5256.8232.4

254.6251.2

126.0129.9

v 183. 4* 165. 5

185, 442220, 008

752

658, 787

207, 589303, 107

54, 59725, 99767, 497

1, 727, 343

63, 958

i 86, 000

41, 21437, 97530, 745

2,4474,7833,239

122.5

564604572521551398,

246. 4245.3253. 4

249.7248.0250. 0255. 8232. a

253. 8250.3

125.8129.7

157, 428243, 087

522, 681

163, 074243, 11242, 37920, 14853, 968

1, 492, 000

65, 129

DOMESTIC TRADE

ADVERTISING

Printers' Ink advertising index, adjusted:Combined index 1935-39=100

Business papers.. _ _ _ _ ...doMagazines doNewspapers doOutdoor doRadio do

Tide advertising index, unadjusted t-- 1947-49= 100- .Radio advertising:

Cost of facilities, total thous. of dolAutomotive, incl. accessories _ _ doDrugs and toiletries - - . _ _ _ do ...Electric household equipment doFinancial . . . . doFoods, soft drinks, confectionery doGasoline and oil - do .Soap, cleansers, etc doSmoking materials doAl l others . _ _ _ _ _ . . . . . do _ _

427483347317

r374258

144.9

14, 377339

3,699274315

4,127445

1,5461,8411,793

435470357304352253

117.2

14, 619464

3,751147326

4, 090512

1,4321,7942, 102

453481379293346244

115.6

14, 520407

3,993224359

3,917475

1, 5921,7721,781

447487369304401253

127.7

13, 561276

3,691204353

3,792447

1,4821,5901,726

438511371300362248

141.3

14, 520329

3,949204348

3,862493

1,5581,6322,145

439514404294362247

153.2

13, 948319

3,847171356

3,802431

1,6241,5961,801

433515388310354236

154.1

13, 970370

3,885153365

3,734424

1,6981,5461,795

436520362329372241

140.8

12. 972345

3,612251343

3,233452

1,6601,4161,659

445554403327359226

114.2

9,557196

2,658340338

2,604381

1,079700

1,263

456548369310383254

111.2

10, 941256

3.010316367

2,971434

1,250

1, 559

456547387318344264

141.9

'12,854323

' 3, 283'304

3313,319

452r 1 , 595

1,0422,206

475529420340378268

165.4

15, 262394

4,225431308

3,673371

1 , 6451,2922.925

473570408330371256

157.6

l Data for December 1952, 76,000.prior to February 1951 for urban building and- d 1939-51 (monthly) are shown

riod and other major changes,at the beginning of each month


S-8 SURVEY OF CURRENT BUSINESS Jjinuary 1953

Unless otherwise stated, statistics through1950 and descriptive notes are shown in the j v-ovprn1951 Statistical Supplement to the Survey " ber

1951

Decem-ber

1952

January Febru-ary March April May Juno July August Septem-

ber Octob Xovem-ber

DOMESTIC TRADE—Continued

ADVERTISING— Continued

Magazine advertising^Post total thous of dol

\pparel and accessories doAutomotive incl accessories doBuilding materials doDrugs and toiletries doFoods, soft drinks, confectionery doBeer wine, liQuors do

Household equipment and supplies doHousehold furnishings doIndustrial materials _ _doSoaps, cleansers, etc - _ _ _ . do.. -

All other __ do

linage total thous of lines

Newspaper advertising:Linage total (52 cities) do

Classified ._ - doDisplay total do

Automotive - _ _ .- do.Financial doGeneral _do_Retail do

POSTAL BUSINESS

Money orders issued (50 cities):Domestic:

Number thousandsValue _ .thous. of dol

PER SON A L CON SUMPTIONEXPENDITURES

Seasonally adjusted quarterly totals at annual rates :J

Automo nes an { c _ - .r urniiurc cuiu i oiihi OH tq i c

pi th H h ' 1i loinirik ana Miot!5_. . -^ - - -i ooci an aic < . Kirasonne ana. on. _ . _ .L, m -,

i t I 1U > _ -iiousc OKI 01 en o _p ® K~ ~ -,p -, \ , . ~ "" iT < t t° dAtb ! '• c\ ~ ~

RETAIL TRADE

All retail stores :fEstimated sales (unadjusted), total.. .mil. of dol. _

Durable-goods stores doAutomotive croup do

Motor-vehicle, other automotive dealersmil. of doL.

Tire, battery, accessory dealers doFurniture and appliance group do

Furniture, homefurnishings stores doHousehold-appliance, radio stores do

Jewelry stores . _ doLumber, building, hardware group. . ..do

Lumber, building-materials dealers, .doHardware stores .. . _ ..do

Nondurable-goods stores do\pparel group . -do

Men's and boys' wear stores . _. _ _ d o _ ..Women's apparel, accessory stores doFamily and other apparel stores doShoe stores do

Drug and proprietary stores _ . doEating and drinking places do

Food group doGrocery stores - do

Gasoline service stations doGeneral-merchandise group do

Department stores, excl. mail-order, .doMail-order (catalog sales) doVariety stores doOther general-merchandise stores do

Linuor stores . do

55, 5204,2323, 6351,9376, 6747,8813,254

3,8393, 5063,3091,3611 170

14, 722

4,129

230, 08347, 780

182,3049,5192,417

34, 510135, 858

6,8781 21 , 892

13, 3914, 2352, 037

1,880157789454334125799562236

9,156989258385210137372

1,031

3,2202,577

' 7841,798

993156257392

i 247

46,1133, 3332, 985

8055, 6986, 2474,443

3,1362,0992,891

8541 . 532

12,028

3, 346

214.04142, 998

171,0436, 5592, 526

25, 044136,915

7,271124,214

210.5

25 39 5

1 L 64.3

116.220. 770 45. 62 04.9

12 5

69 010 699 5

4.14 05 7

22.0

15,3754, 5431,961

1,778183921515

' 405319784493291

10,8321,380

381512311

\ 176490

1,047

3,418! 2, 736

8162,5151,358

155486517347

31, 9041,6732,476 i1,2084,5434,692 ;1, 590

7621,1762,372

7361,0889, 588

3, 466

178,07746, 345

131,7318, 2083, 663

21,02098, 840

7, 268130.038

1 1 , 8443, 7931,974

1.84013463536227387

633467166

8, 05069216928614097

366958

3,0832,489

7261,190

65290

174274210

44, 6293,1082,878 '1,9196,1077,147 !2,290 !

2,167 |1,5212,887

971 !1,209 1

12, 424

3,985

184, 64046, (521

138,0197, 8892,282

25, 749102, 100

6,948124, 086

11, 7443, 8672, 020

1 , 89912161835226680

673503170

''61014026211791

383946

3,0262,467

7161,164

61693

191263225

60,247 !

5,4205,095 ;3,0547,065 i7,854 i2,851 !

3,9702,7093, 7691,356 i1,357 ;

15,748 !

4,855

213, 228 i52, 943

160,2858, 553 !2,756 i

30, 203118,773

8,025147,902

213.2

25 29.6

11.34.3

118.020 671.85 92.05.2

12.5

70.010.792 94.24.15.9

22.3

12,7364. 1392, 180

2, 04813262937325682

742552190

8, 596779165

! 336152126379

1,002

3,2532,627

7621,324

73094

214286240

59, 6485,0294,999 :

3,683 i6,469 :7,1502, 477

4,4013, 6443,8721,4661,259

15,199

4, 468

218, 40752. 790

165,6179, 5(553,133

31, 742121,177

7,255132, 616

13, 3964, 5732, 372

2,21915464739225590

869640229

8,823910186380180164370992

3,2482,601

7811, 467

81599

244309241

60,0164,735 !

5,2373, 2966, 166 ;6,7422, 619

5,0043, 8674,0161.3761,395

15, 564

4, 093

225, 60656, 670

168, 93610. 4572, 684

33, 444122,352

6, 719123,981

14,3505. 2242, 826

2,647179738456282117941697244

9,126871

i 1921 352

172I 154

3861,059

3, 4192,792

! 834i 1, 531

87194

240325266

51, 5153,1194,9252,8427,0517,6602,331

3,4071,7883,572

9411, 566

12, 311

3,213

209, 25152, 744

156, 50610, 2882, 762

31,251112, 204

6, 511122, 134

214.9

26. 411.310.84.3

117.820.072.36.02.05.1

12.4

70.810.923.24.24.15.8

22.5

13,8145, 1222, 757

2,582175740442298108939706233

8,692832198308178148380

1,064

3,2282, 644

8471,444

80898

224314235

35, 240862

3,7021,388 i5,8165,695 |1,977

1, 646579

2,643745

1,1988,989

3,133

175, 44747, 979

127.4687,3513, 046

25, 67491,398

6, 242119, 289

13, 3964, 6272,374

2,20017471341929495

923709214

8, 769700161

142| 124

3881,130

3,3972, 764

9051, 269

66786

212304254

38, 4423,588 i3.671 11,549 15, 4565, 4721.672

1,375979

2, 861774

1,3989,648

3, 960

186. 55552, 741

133,8147,7811,894

22, 061102, 077

6, 174119,935

13, 4484,410

I 2, 103

i 1, 929174754468

j 286104905

i 689216

9,038! 770

163316156136392

1,149

3,4532,820

9151,450

783104236328260

56. 9786, 4694. 3663. 1276,6536,8832,388

3. 6882', 7473,7741. 2661,437

14. 182

4, 798

214, 50954, 124

160, 3857, 3672, 596

29, 711120. 709

6,711127, 034

215 0

24.28.8

11 9

4.3

118. 920. 373 26. 12 15 1

12. 1

71.910.923. 5

4.34. 35 9

22.9

13, 6204. 6702, 353

2. 17917475 ">445311100924700224

8, 950910196365184165374

1,114

3, 2422, 641' 866

1, 523'857

1171 225

324i 250

63. 4945. 2504, 7753.1397. 5569.0472.924

4. 5904,0153.9811 . 5f)91.480

15.228

4,898

245,004 !56,593 i

188,41010. 3832,518

39,411136, 098

6. 7641 25. 622

' 14. 819i r 5. 116

' 2, 681

: r 2, 509r 172T 834' 495r 339r 123' 961T 728'233

i r 9. 703r 1, 023

' 240Mil'221' 151M01

• r 1, 122r 3, 440

! r 2. 787r 902

' 1, 773'979

1371 ' 258

'398i '283

4,299

234, 87352, 399

182, 47410, 7342,400

34, 359134. 981

6, 275114,728

14.0384. 5992, 370

' 2, 213158820490330138832605

i 228

9,440980

'\ 244382217137394

i 1, 060

3,3982. 754

! 8571. 771

! 975137261398295

• Revised.t Unpublished revisions for magazine advertising for January, February, March, and October 1950 and January, February, September, and October 1951 are available upon request.

Revisions of personal consumption expenditures (1949-51) are shown on p. 20 of the November 1952 SURVEY.t Revised series. Beginning with the September 1952 SURVEY, retail sales data have been replaced by a new series based on new sampling procedures developed by the Bureau of the Census.

The new estimates begin with January 1951: see pp. 16 fit. of the September 1952 SURVEY for figures covering the entire year 1951 for both the new and old series and for discussion" of the newdata.


January 1953 SUEVEY OF CURRENT BUSINESS S-9


1951

Novem-ber

Decem-ber

1952



DOMESTIC TRADE—Continued

RETAIL TRADE — Continued

All retail stores — ContinuedEstimated sales (adjusted), total f mil. of dol__

Durable-goods stores doAutomotive group _ _ _ do

Motor- vehicle, other automotive dealers.doTire, battery, accessory dealers do

Furniture and appliance group do _ _ _Furniture, homefurnishings stores doHousehold-appliance, radio stores do

Jewelry stores doLumber, building, hardware group do

Lumber, building-materials dealers. _doHardware stores - do

Nondurable-goods stores doApparel group _ _ _ _ _ _ _ d o _ _

Men's and boys' wear stores doWomen's apparel, accessory stores do- _ _Family and other apparel stores doShoe stores . _ _ _ _ _ _ _ _ _ __ do _ _

Drug and proprietary stores doEating and drinking places- ... ._ -_ do ._

Food group _ _- - do _Grocery stores do

Gasoline service stations _ doGeneral-merchandise group do

Department stores, excl. mail-order _ _ doMail-order (catalog sales) doVariety stores doOther general-merchandise stores do

Liquor stores do

Estimated inventories:^Unadjusted, total _ _ _ d o

Durable-goods stores _ _ _ _ _ d o _ _Nondurable-goods stores do

Adjusted, total doDurable-goods stores _ _ _ do_ __

Automotive group _ _ _ _ _ _ _ _ _ _ d oFurniture and appliance group doJewelry stores doLumber, building, hardware group __doOther durable-goods stores-- _ _ do

Nondurable-good stores _ _ _ _ _ _ do_ _.Apparel group doDrug and proprietary stores doFood group doGeneral-merchandise group doOther nondurable-goods stores do

Firms with 11 or more stores:!Estimated sales (unadjusted), total do

Apparel group doMen's and boys' wear stores _ _ do __Women's apparel, accessory stores doShoe stores _ _do_ _

Drug and proprietary stores doEating and drinking places _ _ _ _ do _Furniture, homefurnishings stores do

General-merchandise group doDepartment stores doDry-goods, other genera l -merchandise

stores . _ _ ..mil. ofdoLVariety stores _ -do

Grocery stores doLumber, building-materials dealers doTire, battery, accessory stores do

Estimated sales (adjusted), total _. .do ._Apparel group do

Men's and boys' wear stores doWomen's apparel, accessory stores doShoe stores do

Drug and proprietary stores _ -do _Eating and drinking places doFurniture, homefurnishings stores -do

General-merchandise group _ do _Department stores doDry-goods, other genera l -merchandise

stores mil of dolVariety stores do

Grocery stores -do _Lumber, building-materials dealers doTire, battery, accessory stores do

13, 2394,3522,2302,075

155727422305

121773548225

8,887875212349172142389

1,049

3,2262,611

7871,565

861114244346223

22, 0039,843

12, 160

20, 8189,7973,1701,882

4922,4391,814

11, 0212, 635

7712,0433,2522,320

2, 553185227352584930

838363

1282039196346

2,432178197054605027

725313

1151929316047

13, 0674 2512,1431,992

151705419286

117780554226

8,816869200350179140392

1,033

3,2102, 597

7911, 538

837109237355225

19, 5309,200

10, 330

20, 7549,7263,1761,902

5082,3271,813

11,0282,581

2,0923,2482,335

3,21427032

10976845030

1,196479

187385

1,0185265

2,423177187352604822

713294

1291889366347

13, 1544 3662,1341,968

166746436310

119813591222

8,788871205348182136391

1,037

3,2022, 589

7941,503

828108237331242

19, 6859,436

10, 249

20, 6819,7753,1291,846

5072, 4711,822

10, 9062,517

7662,0113,3822,230

2,094128

144938584920

524226

771359054935

2,411171

176852615026

715336

931849276151

13, 4064 6112,3132,147

166741430310

117889662226

8,795836198340165133394

1,058

3,2002, 586

8011, 506

815110243339252

20, 3359,625

10, 710

20, 6259,7893,1411,788

4962,5391,825

10, 8362,537

7732, 0363, 2562,234

2,090119134737584622

533224

76146897

5136

2,417164186452624926

723336

981859197250

13, 0204 3142,0991,938

161714423291

117860633226

8,707823193328171130389

1,038

3,2022,587

7971,455

803100238314247

21, 22810, 03011,198

20 3219,5833,1061,709

4882,4941,786

10, 7382,436

7702,0963,2482,188

2,307157

176348594826

604269

891609705340

2,352156166151604828

680311

981799196846

13, 3484 4962,3042,148

156685412274

117853632222

8 851854188353179135387

1,039

3,2712 636

8101 474

800105244325263

21, 10310, 12810, 975

20, 4779,6243,2001,713

4882,4291,794

10, 8532,503

7822, 0573, 2962,215

2,440198197767595124

705318

1071879306347

2,442170176853625126

720322

1131879376549

13, 8384 9312,6722, 505

166726433294

122837620217

8 907848196335181136386

1,064

3,2562 641

8051,537

853109252323269

20, 5429,689

10, 853

20 0699,1122,8881,667

4792,3801,698

10, 9572,583

7772,0233,2952,279

2,586176177357605331

741365

109180

1,0237155

2,469164176752615330

741343

108189936

6652

14, 0004 8872,5712,407

163768450318

118873647226

9,113910203357207143390

1,060

3,3412,728

8201 584

877116254338270

19, 8259 229

10, 596

20 1259,0302, 8641,625

4942,3641,683

11, 0952 636

7602,1103,2712,318

'2,423173186760595226

711343

1051709087359

2,553174187057625228

766351

1131939596856

13, 6484 4942,2582,102

156744435308

120869660209

9,154876208349182138389

1,069

3,4022 756

8321 526

826Ml251331273

19 2098 621

10 588

20 1278 7492 5911,707

4882,3321 631

11 3782 714

7902 0803 3582,436

2 334132125745595423

618284

91163954

7256

2 511168197154605425

726325

991929846647

13, 3434 2001,9221,758

164745448297

122859642217

9 142889204359187139394

1 067

3 3452 713

8411 607

891115261340263

19 2798 314

10 965

19 7458 6262 5641,701

4802,2731 608

11 1192 700

7652 0013 2762,377

2 504142116348605426

719326

1121839997657

2 562174187357625326

758332

117202985

6952

13, 5584, 5082,2972,129

168726415310

121831614217

9 050865210344169142384

1 048

3 3982 768

8461 509

833107246322267

20 4348 739

11 695

20 2818 9562 8751,693

4862,2331 669

11 3252 748

7522 0993 3512,375

2 476175156860585426

735346

100180930

7849

2 537167166555615424

723327

100197

1 0086249

' 14, 187r 4 846r i 648' 2, 494

T 154T 752'448'304

r 129'833'618r 215

r 9 341r 925r 224r 359••193r 149r 399

r I 062

r 3 418r 9 770

r 354

T i g29'898

114T 259'357T 278

r 21 564r 9 125

r 12 439

r 20 652r 9 175r 3 093' 1, 643

r PJOOr 2, 229r 1 710

r 11 477r 2 817

T 799r 2 091T 3 383r 2, 387

r 2 744r 191

r 2]

'7653625630

' 856396

r 131' 201

' 1 0158154

r 2 613r 178

r 18

715361

' 54' 28

T 777350

' 1182Q9

T i 0096252

13, 9914 8382 6092,444

165775460315

132849622227

9 153870202352177139405

1 056

3 3402 727

8621 579

876108242346260

22 129

9 44212 680

20 9669 4673 2851,662

4962,2591 765

11 4992 805

son2 0973 4162,381

2 (5(j9101

217349605133

830363

135203

1 0206949

o K47173177150625331

722314

118188

1 0136852

' Revised.fRevised series; see note marked "f" on p. S-8.cTData represent new estimates adjusted for comparability with the new series of retail sales,

series (1949-51), see pp. 14 ff. of the November 1952 SURVEY.For the new estimates for December 1950 and the entire year 1951 and for revisions of the old


S-10 SURVEY OF CURRENT BUSINESS January 1953


1951

Novem-ber

Decem-ber

1952

J anuary Febru-ary March April May June July August Septem-


DOMESTIC TRADE— Continued

RETAIL TRADE— Continued

Department stores:Accounts receivable, end of month :f

Charge accounts 1947-49—100Instalment accounts do

Ratio of collections to accounts receivable:Charge accounts percentInstalment accounts do

Sales by type of payment:Cash sales percent of total sales _Charge account sales doInstalment sales do .

Sales, unadjusted, total U. S.f 1947-49=100.-Atlanta doBoston do ....Chicago doCleveland do..Dallas doKansas City doMinneapolis _ . -do ._New York do.Philadelphia _ . do . .Richmond doSt. Louis _ . .do. _San Francisco do

Sales, adjusted, total II. S.f do. .Atlanta doBoston do _ _Chicago ._ ... _ . .do. _Cleveland doDallas doKansas Citv doMinneapolis - ._ . -do.New York doPhiladelphia - - _.do _Richmond doSt Louis doSan Francisco do

Stocks, total U. S., end of month:fLTnadjusted _ - do. _Adjusted do

Mail-order and store sales:Total sales 2 companies thous. of dol

Montgomery Ward & Co doSears, Roebuck & Co - do

Rural sales of general merchandise:Total U. S., unadjusted.. 1 935-39 = 1 00 ..

East doSouth -do._ _Middle West doFar West _..do

Total U S , adjusted doEast . doSouth doMiddle West _ - . do_ __Far West do

WHOLESALE TRADED

Sales estimated (unadj ), total mil. of dolDurable-goods establishments _ do. __Nondurable-goods establishments do

Inventories, estimated (unadj.), total doDurable-goods establishments doNondurable-goods establishments do

136182

5021

474310

134140129133140144131120

'130r 145' 147

130r 126

113122106111114129116107

r!03rl!0r 119

109* 119

••132117

398, 865121,494277, 371

439.3445.9500.6411.6456.1339. 0319.2365. 9313.2363.7

9,8692,8507,019

10, 4264,9525,474

177197

4519

49429

184204188176181203185166179185192168189

109120106109109122113104103105109107108

108119

477, 842146, 189331, 653

499.6453.7534.4468. 5606. 5340.8314.0386.4315. 7386.8

9,2742, 5426, 732

10,1504,9045,246

142190

4719

484210

83908181879586728081808183

10811910210511512211597

100110114111106

106118

248, 92663, 912

185,014

248.5228. 4273.8236. 3276. 8328.3301.3342. 2315.1376. 1

8,7862,4126,374

10, 3415,1445,197

124182

4518

484210

83937580839385838282838086

106112100104108115106113100110109100108

113116

246,18267, 879

178,303

263.3242.7296. 1240.0284.7314.6292.4340.3300.0381.1

8,1542,4935,661

10,1905,114

I 5, 076

117178

4820

484210

92110878995

10593808597968990

1051141041031061151059497

10911499

103

120115

279, 09579, 273

199, 822

276.3271.1306.1257.9301.4304.6285.4340.1276.7354.6

8,1082,5795, 529

10, 2985, 2555,043

121175

4618

48439

10311810399

10411410410094

103110101104

10311699

1001041141049896

10210898

106

122116

332, 48293, 423

239, 059

299.6273.7319.7280.2344.5313.1288.1348. 3287.1368.4

8,1872,7715,416

10,1105,2874,823

122176

4819

474310

10812210210410512511210595

108115106114

10812710110410312811210496

107116102118

120118

368, 073101,381266, 692

283.9253.5301.8269.8327.7316.5282.3364.1304.5365.7

8,1162,7065,4109, 8555,1614,694

120178

4618

474310

1051171031031051161069695

102114103108

11113810310511213211410098

107122111114

112118

354, 38592, 345

262, 040

308.3280.0345.4286.9370.7345. 5311.1397.5313.2396.5

8,2402,7285,5129,7615,0054,756

107177

4617

484111

8496738282

10493846976878196

10512010697

10512311410495

10610699

110

110120

304, 31382, 995

221,318

249.5215.6270. 5234.6313.6336.3304.5387.0314.1384.3

8,5962,7185,8789,6654,8094,856

108180

4617

484111

98115839799

1141101037686

10098

111

114131109111113127119115102115

110116

114118

351, 558101, 150250, 409

315.6280.7330.8295. 3396.2342.3320.1368.4318.9404.3

8,6992,6466,0539,7354,8144,921

118190

4718

464311

112126111110110128115108100110121110115

1061211011031051191089895

105112104114

124120

373, 724102, 462271. 262

344.5299 7390^4316.8415.6311.5289.0343. 1294.4363.3

9,5232,9836,5409,9254,8245,101

128201

5018

464311

119132111116119134120124110120128

-121117

115126109113116128113110105114

r!20114118

134120

418,732118,142300, 590

378.3356.9445.0366.8410.8316.3310.3348.2312.2365.5

' 10, 3893,254

r 7, 135' 10, 177

4,790' 5, 387

138211

4817

474211

P 132145

*127129139144

v 132122123143140126136

»112128

P 105108113129

v 11710898

109114106128

* 136v 120

391, 569108, 525283, 045

432. 6441. 5478.0393.7500. 3333.8310.5347.0299.6399. 0

9,4772,7976, 680

! 10, 1894,8605,329

EMPLOYMENT AND POPULATION

POPULATION

Population, continental United States:Total, incl. armed forces overseas thousands_.

EMPLOYMENT

Employment status of civilian noninstitutionalpopulation:

Estimated number 14 years of age and over,total thousands _

Male _ .-. . do_ _Female do

Civilian labor force, total do_Male . _ do. _Female do

Employed doMale do_Female do

Agricultural employment doNonagricultural employment do

Unemployed .-do ._

Not in labor force do

155, 335

109, 12251, 82457, 298

63, 16443, 34619, 818

61, 33642, 34418, 992

7,02254, 314

1,828

45, 958

155, 548

109, 20051, 84457, 356

62, 68843, 11419, 574

61,01442, 10618, 908

6,37854, 636

1,674

46, 512

155, 750

109, 26051, 85257, 408

61, 78042, 86418,916

59, 72641,48018, 246

6,18653, 540

2,054

47, 480

155, 964

109, 27451,81057, 464

61, 83842, 85818, 980

59, 75241,48218, 270

6,06453, 688

2, 086

47, 436

156, 163

109, 27451, 75857,516

61,51842, 81018, 708

59, 71441, 58618, 128

6,01253, 702

1,804

47, 756

156, 371

109, 32851, 76257, 566

61, 74442, 94618, 798

60, 13241,89818, 234

6,41253, 720

1, 612

47, 584

156, 568

109, 42651, 80457, 622

62, 77843, 26219, 516

61, 17642, 29018, 886

6,96054, 216

1,602

46, 648

156,770

109, 55651, 87257, 684

64, 39044, 46419, 926

62, 57243, 32619, 246

8, 17054, 402

1,818

45, 166

156, 981

109, 69251, 94857, 744

64, 17644, 72019, 456

62, 23443, 47618, 758

7,59854, 636

1,942

45, 516

157, 234

109, 80452, 00057, 804

63, 95844, 39619, 562

62, 35443, 39218, 962

6, 96455, 390

1,604

45, 846

157, 505

109, 90652, 04057, 866

63,69843, 46820, 230

62, 26042, 60419, 656

7,54854, 712

1,438

46, 208

157, 768

r 110,07452, 14457, 930

63, 14643, 19619, 950

61,86242, 48219, 380

7,27454, 588

1,284

46, 928

158, 012

110 19852, 20857 990

63 64643, 21820 428

62 22842 40419 824

6 77455, 454

1,418

46, 552r Revised. * Preliminary.| Revised series. Data have been revised to reflect use of new base period and to incorporate other major changes. Revisions back to 1919 for sales by districts will be shown later. Pub-

lished revisions appear as follows: Accounts receivable (1941-51), p. 32 of the July 1952 SURVEY; total U. S. sales (1919-50), p. 32 of the February 1952 SURVEY; total U. S. stocks, p. 32 of the July1952 SURVEY.

J Data on total wholesale trade have been substituted for the series on service and limited-function wholesalers. For annual sales, 1939-48, and end-of-year inventories, 1938-48, see p. 24 ofthe October 1951 SURVEY; revisions beginning 1949 appear on pp. 16 ft. of the October 1952 SURVEY.


January 11)53 SUEVEY OF CUKEENT BUSINESS S-ll


1951

Novem-ber

Decem-ber

1952



EMPLOYMENT AND POPULATION—Continued

EMPLOYMENT— Continued

Employees in nonagricultural establishments:Total, unadjusted (U. S. Dept. of Labor)

thousands _ _Manufacturing do

Durable-goods industries doNondurable-goods industries do

Mining, total _ _ doMetal doAnthracite doBituminous coal ._- __ doCrude-petroleum and natural-gas production

thousandsNonmetallic mining and quarrying do

Contract construction. _ _ doTransportation and public utilities do

Interstate railroads _ _ doLocal railways and bus lines doTelephone __ doTelegraph doGas and electric utilities _ do

Trade - _ doWholesale trade doRetail trade do

General-merchandise stores doFood and liquor stores _ _ doAutomotive and accessories dealers, do

Finance - -_ doService do

Hotels and lodging places __ doLaundries doCleaning and dyeing plants do

Government do

Total, adjusted (Federal Reserve) doManufacturing doMining doContract construction doTransportation and public utilities. __ doTrade doFinance -- -doService doGovernment - -- do _

Production workers in manufacturing industries:Total (U S Dept of Labor) thousands

Durable-goods industries doOrdnance and accessories ._ _ doLumber and wood products (except furni-

ture) - .thousands-Sawmills and planing mills do

Furniture and fixtures do _ _Stone clay and glass products do

Glass and glass products _ _do_._Primary metal industries. . - -do .

Blast furnaces, steel works, and rollingmillsj thousands

Primary smelting and refining of n on fer-rous metals thousands

Fabricated metal prod, (except ordnance, ma-chinery, transportation equipment)

thousands. _Heating apparatus (except electrical) and

plumbers' supplies thousandsMachinery (except electrical) _ _ _ do. -Electrical machinery doTransportation equipment ...do .

Automobiles doAircraft and parts _ ._ _ . _ do _Ship and boat building ajid repairs doRailroad equipment do

Instruments and related products doMiscellaneous mfg. industries do

Nondurable-goods industries _ _ doFood and kindred products do

Meat products doDairy products doCanning and preserving doBakery products ._ -. do .Beverages - do

Tobacco manufactures doTextile-mill products _ ... do. .

Broad -woven fabric mills _ . doKnitting mills do

Apparel and other finished textile prod-ucts . thousands.

Men's and boys' suits and coats. . . _ . do. . .Men's and boys' furnishings and work

clothing thousandsWomen's outerwear do

Paper and allied products .. _ do .Pulp, paper, and paperboard mills. _ . do

Printing, publishing, and allied industriesthousands. .

Newspapers __ do...Commercial printing . do. .

46, 85215, 8908,9766,914

91710567

368

269107

2,6334,1651,428

141653

47528

10, 1092,6577,4521,7011,295

7591,9074,734

430357157

6,497

46, 48215, 761

9162,5814,1699,8271,9264,7586,544

12, 9047,314

50

719428294472125

1,149

558

47

805

1201,255

7181,234

65539511163

230388

5,5901, 160

24699

14519214785

1,132544209

1,008117

233279411212

519154170

47, 66315, 9139,0006,913

91610667

369

269105

2,5184,1611,426

14165447

527

10, 6602,6578,0032,0921,316

7681,9124,702

426356154

6,881

46, 60815, 811

9162,5694,1619,8931, 9314,7496,578

12,9117,322

52

696412296465123

1,164

573

47

806

1191,269

7261,235

64540711163

232381

5,5891,122

25296

12019014685

1,141548211

1, 035123

235296410212

520155171

45, 91315,7768,9466 830

90910767

367

267101

2,3164,1031,394

14165347

526

9,7202,6227,0981,4721,282

7491,9094,671

424356154

6,509

46, 47115, 830

9162, 5454, 1399, 8521,9194,7426,528

12, 7667,264

54

654391296452119

1,162

570

47

804

1151,276

7251,235

63341511562

232374

5,5021,068

24694

10618713682

1, 131540209

1,029127

228300405211

510151170

45, 89915, 8599, 0106,849

90210762

366

267101

2,3084,1111,392

14166047

526

9,6432,6247,0191,4161,286

7431,9194, 667

428354153

6,490

46, 59415,877

9122, 5934,1479,8601,9294,7386,538

12, 8207,306

55

668396296447120

1,160

570

48

807

1161,281

7271,251

63042412261

233381

5,5141,060

24495

10518713480

1,123527210

1,052128

233309404210

507152166

46, 00115, 8699,0356,834

90410767

363

266101

2,2964,1181, 395

13966447

526

9,6682,6237,0451,4371,287

7381,9374,681

430353154

6,528

46, 55215, 894

9112,5234,1549,8621,9374,7286,543

12, 8157,316

56

670398296449121

1,154

567

47

807

1161,280

7221,266

64342812661

234382

5,4991, 057

23996

10418913878

1,113518210

1,051127

238306401208

508152167

46, 29915, 7959,0546,741

89610760

357

267105

2,4164,0961,404

139648

528

9,8452,6057,2401,5271,295

7371, 9524,748

438358161

6,551

46, 55615, 931

8992,5174,1169,8491,9424,7486, 554

12, 7337, 329

58

678405292452123

1,143

558

48

806

1151,282

7141,288

66343012857

236380

5,4041,057

23310011418613677

1,093507210

996121

239275398206

507152166

46, 32915, 6548,9916 663

89310766

348

266106

2,5224,1311,416

137669

529

9,7732,6017,1721,4661,293

7421,9584,796

450363164

6,602

46, 55915, 870

8942,4974,1349,9121,9484,7726,572

] 2, 5887,262

59

635387287449123

1,141

557

48

798

1131,269

7081,307

66743713360

233376

5, 3261,074

23010712218314677

1,083503209

959113

238252398206

507154167

46, 29215 4108,6216 789

8147765

294

272106

2,6634, 1681,396

13767445

538

9,8382,6187,2201,4601,292

7541,9774,837

475369165

6,585

46, 34815, 547

8102, 5364,1399, 9641, 9574,7896,606

12, 3296,888

60

697424288453125716

155

47

769

1151,261

7061,323

67244713559

233382

5.4411, 138

23211315519015378

1,082506212

972119

240252403209

511154167

46, 00615, 1628,3016,861

7847461

269

275106

2,7224,1401,352

13868246

545

9,7922,6267,1661,4191,293

7571,9934,855

509371161

6,558

46, 17015, 362

7772, 544

r 4, 0999, 9651,9644,7836, 676

12, 0616,559

60

709427285441123676

134

47

726

1121. 203

6851, 169

52145413550

230375

5, 5021,215

23411421119516378

1,081509209

982117

239269395203

507154165

r 47, 124r 16, 028'8,916r 7,112

r897r!07'63

'346

273'109

r 2, 781'4 208r 1, 394

138r688

46547

9,7842, 6377,1471,4101,287

7^9

1, 993r 4, 844

r 505r 369

1566, 589

' 46, 970'15,924

'889r 2, 575' 4, 160' 9, 967

1,973' 4, 796

6, 686

' 12 886' 7, 146

59

'727' 442'295' 458'127

' 1,110r 540

48

'783

121'1,181

708'1,192

' 525'466' 134' 57

'238'395

5,7401 279

23211128019416087

' 1, 120' 529

221

' 1, 050128

' 249'292'408'209

'509154165

' 47, 727' 16, 389' 9, 190' 7, 199

'885'104

63'344

266'109

' 2, 761' 4, 224

1, 407136

'68246

541

9,9602,6417,3191 5071,293

7471,9714, 825'463'365

1606,712

' 47, 239' 16,155

'880' 2, 580' 4, 202' 9, 971

1,981' 4, 777

6, 693

' 13 246' 7,417

61

'721437

'303' 462

133' 1,155

566

47

'820

125' 1,185

743' 1,311

664' 446' 135

55'242'414

5 829' 1 312

237104

'311194151' 91

' 1, 138' 522

225

' 1, 064129

' 253r 291

410'206

514155166

' 47, 826' 16, 493' 9, 336' 7, 157

'870' 102

63'335

262'108

' 2, 699' 4, 240

1,42213568347

' 10, 094' 2, 655' 7, 439' 1, 592' 1,311

754' 1, 969

4, 766425365163

' 6, 695

' 47, 338' 16, 274

'868' 2 570' 4, 247' 9, 968' 1,989

4,742' 6, 680

' 13 337' 7, 553

'61

'701432

'309' 465

133' 1, 164

567

46

'842

128' 1, 206

' 764' 1, 367

69147513357

'246'428

' 5 784' 1 233

23599

22619414691

' 1, 147524228

' 1, 062128

255283

'416208

522155169

v 47, 862v 16, 529

p 9, 433p 7 096

p875v 106

^338

P107v 2, 586p 4, 230

v 10, 2852,6827,6031,7171,317p 7621, 9704,724

p 6, 663

P 47, 492v 16, 400

P874P 2, 535P 4, 234P 9, 999p 1, 990p 4, 748p 6, 712

p 13 357P 7 637

p63

P696

^314p 468

P 1, 175

P 856

P 1, 226p 788

p 1, 372

P251P 428

P 5 720P 1 162

P 87P 1, 156

P 1, 058

P419

"524

r Re vised. v Preliminary.^Figures for 1939-46 on the revised basis for the indicated series, available since publication of the 1951 STATISTICAL SUPPLEMENT, will be shown later.



Unless other-wise stated, statistics through1950 and descriptive notes are shown in the1951 Statistical Supplement to the Survey

1951

Novem-ber

Decem-ber

1952



I


EMPLOYMENT— Continued

Production workers in mfg. industries — ContinuedTotal (U. S. Dept. of Labor)— Continued

Nondurable-goods industries — ContinuedChemicals and allied products thousands..

Industrial organic chemicals doProducts of petroleum and coal do

Petroleum refinin0" doRubber products do

Tires and inner tubes _ _ .. doLeather and leather products do

Footwear (except rubber) do

Manufacturing production-worker employmentindex, unadjusted (U. S. Dept. of Labor) f

1947-49 = 100. .Manufacturing production-worker employment

index, adjusted (Federal Reser ve)f_ 1947-49=1 00 _ _

Miscellaneous employment data:Federal and State highways, total § number. .

Construction (Federal and State) doMaintenance (State) do

Federal civilian employees:United States thousands

Washington, D. C., metropolitan area _ . doRailway employees (class I steam railways) :

Total _ thousandsIndexes:

Unadjusted . 1935-39=100 -Adjusted do

PAYROLLS

Manufacturing production-worker payroll index,unadjusted (U. S. Dept. of Labor) f _ 1947-49 =100..

LABOR CONDITIONS

Average weekly hours per worker (U. S. Dept. ofLabor) :

All manufacturing industries hoursDurable-goods industries do

Ordnance and accessories doLumber and wood products (except furni-

ture) hours _Sawmills and planing mills do

Furniture and fixtures doStone clay, and class products ... do

(llass and glass products doPrimary metal industries do

Blast furnaces, steel works, and rollingmills! hours

Primary smelting and refining of nonferrousmetals hours

Fabricated metal prod, (except ordnance, ma-chinery, transportation equipment) hours-

Heating apparatus (except electrical) andplumbers' supplies hours

Machinery (except electrical) doFlectrical machinery doTransportation equipment do

Automobiles do

Ship and boat building and repairs--- doRiilro'id equipment do

Instruments and related products _ do__ _Miscellaneous mftT industries do

Nondurable-goods industries ._ _ . d o _ _ .Food and kindred products - do

Dairy products doCanning and preserving do

~R <; do

Tobacco manufactures doTextile-mill products do

Broad-woven fabric mills _ - doKnitting mills do

Apparel and other finished textile productshours,.

Men's and boys' suits and coats do —Men's and boys' furnishings and work

clothing hoursWomen's outerwear do

Paper and allied products _ _ doPulp, paper, and paperboard mills-- -do

Printing, publishing, and allied industrieshours .-

Newspapers do

Chemicals and allied products doIndustrial organic chemicals do

Products of petroleum and coal doPetroleum refining - do

Rubber products - --do _ _Tires and inner tubes do

Leather and leather products d o _ _ _Footwear (except rubber) do

54217319715421995

317198

104.3

103.3

273, 54299, 528

120, 521

2,342249

1,293

123. 3122.2

129.8

40.541.543.9

40.640.441.140.939.241.2

41.0

41.1

41.4

40.443.241.840.739.143.939.140. 642.540.6

39.242.044.143.837.041.540.639.337.837.637.3

35.532.2

35.634.642.443.8

38.736.739.941.840.440.740.640.540.535.633 9

538171196155219

95

205

104. 4

103. 5

246, 18575, 055

118, 551

2,344248

1,285

122.2124.2

132.9

41.242.245.1

40.840.442.041.240.042.2

41.9

41.4

42.3

41.344.142.041.740.444.140.540.842.641.4

39.942.344.244.138.341.540.839.539.339.337.8

36.233.7

35.835.842.844.2

39.437.540.741.840.741.241.341.2

i 41.0! 37.8\ 36.9

53617019315321894

330213

103.2

103. 6

230, 98559. 281

118,621

2, 359249

1,257

119.9124.6

130.4

40.841.844.4

40.139. 541.540.638.841.5

40.8

41.5

41.8

40.543.941.941.540.543.240.741.042.141.0

39.541.642.544.038.041.240.538.438.939.037.0

36.033.4

35.735.942.543.6

38.635.840.341.640. 440.941.040.940.938.438.2

538168193153215

94342221

103. 6

103. 8

227, 48859, 491

115.126

2,370248

1,252

119.4122.3

131.0

40.741.744.7

40.640.141.541.039. 641.2

40.6

41.6

41.8

40.443.641.641.440.443.240.041.441.740.8

39.541.441.443.938.441.540.736. 938.838.437.8

36.734.7

36. 536.442.443.6

38.436.139.741.440.340. 840.740.5

1 40.6\ 38.7

38.6

53816819415221594

344222

103.6

103.7

239, 08768, 500

116,987

2,381249

1, 255

119.7122.7

131.0

40.741.744.3

40.439.941.341.139. 941.4

41.4

41.8

41.7

40.543.541.541.340.442.940.941.341.740.9

39.341.040.643.838.141.040.436.638.137.237.8

36.835.3

36.736.242.643.8

38.736. 140.341.340.340.7

i 40.5; 40.3| 39.8i 38.7

38.7

53016319715521395

336217

102.9

104.0

270, 65499. 013

118,411

2,389248

1,265

120.5122.5

128.1

39.840.843.4

40.740.340.640.538.939.0

37.4

41.5

40.7

39.042.840.740.739.942.040.540.341.440.1

38.440.740.343.837.541.140.634.637.237.136.2

35.032.9

35.834.241.442.2

38.236.139.541.040.240.540.339.6

i 39.337 136^7

51716116812621395

330213

101.8

103.4

296, 941120, 225122,354

2, 392248

1,277

121.8122.3

128.1

40.241.143.7

41.140.940.941.039.839.2

37.4

41.9

41.3

40.242.940.641.140.142.841.140.441.840.5

39.041.440.744.337.941.841.837.937.737.136.9

36.433.2

37.236.041.842.6

38.636.540.040.940.337.235.740.540.4

1 37.3§ 36.8

51216319015521595

340221

99.7

100.8

328, 561141. 561128, 338

2,419251

1,257

120.1118.4

126.4

40.541.243.5

42.242.141.040.939.740.1

36.8

41.8

40.9

40.242.740.940.739.442.740.940.641.640.3

39. 542.141.145. 638.742.342.338.638.437.737.6

36.234.2

37.334.842.443.1

38.836.440.241.140.340.840.440.941.138.237.8

51116619115820293

340219

97.5

99.2

341, 207149, 194131, 788

2.420251

1,214

116.0113.5

121.1

39.940.242.3

40.940.540.340.238.539.5

37.7

41.9

39.8

39.641.639.939.335.942.740.540. 140.739.8

39.542.140.945.141.041.943.037.938. 538.138.0

36.033.7

36.835.042.443.4

38.536.140.340.740. 541.340.839.639.838.538.3

513168

'205161212'92

-357'232

r 104. 2r 103. 4

344, 947151,418132, 378

2,407248

1,256

119.7117.2

133.3

40.6'41.0' 41.0

Ml. 9Ml. 6Ml. 2Ml. 1r 40. 0MOM

MO. 3

Ml. 6

MO. 8

MO. 6M2.1

40.9MO. 3'38.4M2.3MOM

39.8Ml. 5MO. 7

MO.OMl. 4MO. 2M4. 1MO. 2Ml. 8M1M'39.1'39.7'39.3'39.0

37.336.2

'38.036.2

M3.0M3. 6

'38.936.140.340.9

MO. 7MO. 8MO. 2r 40. 6

40.5'39.5

39.7

526168

'203r 159'216'93355

'228

' 107. 1

' 105. 3

r 334, 323r 149, 271

126, 444

2,388245

1,272

'121.3' 118. 4

' 141. 7

41.342.042.9

Ml. 7Ml. 5M2.0

41.239.7

Ml. 2

Ml.O

41.5

M2.0

41.4M2.9M2.0M2.3

42.1M3. 6

40.539.2

M2.341.7

40.3M2.1

41.344.5

M2. 241.8

MO. 7'39.8' 40. 2

40.039.3

37.536.7

38.335.843.544.0

39.236.540.441.540.741.240.540.739.9

' 38. 538.1

'535170

'203159

'22094

' 355224

' 107. 8

' 106. 1

p 305, 795p 129, 133p 121. 337

2.383245

r 1. 285

"122.3P 118.3

' 143. 8

Ml. 4'42. 2M2. 5

'42. 141.842.5

M2.040.9

Ml. 5

40.8

Ml. 2

M2.4

41.7'42. 9'42. 1' 42. 2

42.642.739 539.3

M2. 4M2.3

40.341.742.043.740.741.740.2

MO. 1' 40. 6

40.639.8

37.536.1

38.835.0

'43. 944.3

'39.036.440.4

Ml. 741.040.840.1

MO. 839.5

'38.137.2

"535

^202

P223

~""V354~

v 108. 0

P 106. 9

2, 380244

1,274

p 121.4p 120. 3

v 143. 9

i>41.2Ml. 8M2. 1

Ml. 6

Ml. 9Ml. 5

Ml. 2

M2. 2

M2.7Ml. 6ML 4

~"~M2.~6"

P42. 2

MO. 3P 42. 0

P38. 9MO. 4

»37. 4

M4. 1

"38.9

M2.2

p 40. 5

P 41. 1

! P 37. 5

tRevised "series. Indexes have been shifted to new base period; monthly data for 1919-50 are shown on pp. 19 and 20 of the October 1952 SURVEY. J See note marked "J" on p. S-ll.§Total includes State engineering, supervisory, and administrative employees not shown separately.


1058 SURVEY OF CURRENT BUSINESS S-13


1951

Novem-ber


ary March April May June July August Septem-ber October Novem-

ber


LABOR CONDITIONS— Continued

Average weekly hours per worker, etc. — ContinuedNonmanufacturing industries:

Mining:Metal _ hoursAnthracite _ _ -doBituminous coal doCrude-petroleum and natural-gas production:

Petroleum and natural-gas productionhours

Nonmetallic mining and quarrying do__ _Contract construction _ _ _ do

Nonbuilding construction _ _ _ d o _ _Building construction do

Transportation and public utilities:Local railwavs and bus lines doTelephone do _Telegraph f doGas and electric utilities __do

Trade:Wholesale trade _ _ _ - do _ _Retail trade (except eating and drinking

places)* _- hours _General-merchandise stores . _doFood and liquor stores doAutomotive and accessories dealers., do

Service:Hotels, year-round _.doLaundries doCleaning and dyeing plants.. do _ _

Industrial disputes (strikes and lock-outs):Beginning in month:

Work stoppages __ number. _Workers involved thousands

In effect during month:Work stoppages numberWorkers involved _ thousands..

Man-days idle during month doPercent o f available working time _ _ _ _ _

U. S. Employment Service placement activities:Nonagricultural placements thousands

Unemployment compensation (State laws):Initial claims -- doContinued claims _ do_ _Benefit payments:

Beneficiaries, weekly average doAmount of payments thous. of dol__

Veterans' unemployment allowances:Initial claims thousands. _Continued claims doAmount of payments thous. of dol..

Labor turn-over in manufacturing establishments:Accession rate. . .monthly rate per 100 employees. _Separation rate total do

Discharges - doLav-offs doQuits doMilitary and miscellaneous do

WAGES

Average weekly earnings (U. S. Department ofLabor) :

All manufacturing industries .. .dollarsDurable-goods industries do

Ordnance and accessories _ _ _ doLumber and wood products (except furniture)

dollars ._Sawmills and planing mills _ _ do

Furniture and fixtures doStone, clay, and glass products .do _

Glass and class products doPrimary metal industries _ ___ __do

Blast furnaces, steel works, and rolling m illsjdollars

Primary smelting and refining of nonferrousm etals dollars - _


dollars _ _Heating apparatus (except electrical) and

plumbers' supplies dollars. _Machinery (except electrical) doElectrical machinery _. _. _ _ __do

Transportation equipment _ __ doAutomobiles do. _Aircraft and parts doShip and boat building and repairs. _ _ doRailroad equipment do

Instruments and related products doMiscellaneous mfe. industries do

43.436.836.2

40.444.536.838.736.4

46.339.244.242.0

40.8

39.435.139.745.3

43.141.040.7

30584

521191

1,610.19

498

9483,817

74968, 607

13

50

3.94.3.3

1.71.9.4

65.8571.0575.68

60.8660. 5658.8165.0365.5075.23

77.49

69.95

69.92

69.5377.6369.10

77.0576.4479 8572.3776.4970.9858.71

44 431.138 4

41.844.037.938.937.7

47.638.844.342.1

41.1

40.137.040.045.4

43.241.441.1

18682

357130

1,020.13

426

1, 1524,114

79770, 624

13

57

3.03.5.3

1.51.4.3

67.4072.7177.62

60.1859.4760. 4865.3066. 2877.73

79. 44

71. 58

71.78

71. 4979. 9569.97

79.4879.9180 5774. 1277.8171.7060.53

44.332.638.5

41.743.737.939.637.5

46.438.7

M3.941.9

40.7

39.835.839.444.9

42.841.540.7

400190

600250

1,250.14

473

1,3826,157

1,185116,469

14

83

4.44.0.3

1.41.9,4

66.9172.1577.26

57.0256. 5659. 8464.3564.1476.86

77.93

73. 54

71. 06

70.0779.8170.22

79.4780.5579. 5371. 8576.7971.0259.94

44.130.935.9

40.844.338.340.237.9

46.538.543.941.4

40.4

39.835.939.445.0

42.840.939.8

350185

550250

1,270.15

427

8905,169

1,146105, 023

(2)3

65

3.93.9.3

1.31.9.4

66.9172.1878.76

59.1158.4760.2665. 2365. 5475. 85

76.53

73.17

71.27

69. 8579.7069.93

79.2479.8380.0174. 3278.1271.0260.18

44.530.135.4

41.643.837.138.536.9

46.638.544.041.4

40.4

39.835.839.545.1

42.540.940.1

400240

600320

1,400.17

465

8674,834

1,113101, 564

(2)3

54

3.93.7.3

1.12.0.3

67.4072.8178.85

59.5958. 8560. 6765.7666. 5976.55

78. 33

74.03

71.43

70.3580.0070.43

80.0880.8480.5776.8178. 5571.4760.57

43.128.129.9

41.144.838.039.837.6

46.134.9

41.4

40.1

39.736.039.645.4

42.841.141.3

4751,000

6501.2005,300

.61

566

1,1094,825

99394, 385

(2)2

44

3.74.1.3

1.32.2.3

65.8771.0777. 04

61.1360. 3759.4864.8865. 1671.53

70.16

73.33

69. 64

67.7478.6269.03

78.4779.6878.0875.0176.2570.7159.31

44.433.331.8

40.645.738.641.237.9

46.938.7

41.2

40.4

39.635.739.245.3

42.641.442.0

475300

6751,2007,500

.90

572

9154,445

91886, 958

(2)

31

3.93.9.3

1.12.2.3

66.6571.7678.22

59.9660. 4559.8065. 8566.7872.17

70.46

74.41

70. 95

69. 9979.0668.90

79.5780.2480.3876.3676.1171.8160. 39

42 630.128 5

41.345.839.442.238.7

47.139.044. 541.2

40 5

40.136.340.245.3

42.641.842.6

425170

6501,000

14, OGO1.68

581

9784, 255

91883, 511

(2)1

28

4.93.9.3

1.12.2.3

67.1571.9877.73

64. 7365. 1760. 0266. 0967.3773.38

70.77

74.36

70.18

70. 1178.8769.73

79.1279.2780.3676. 0377.7971.9760.01

43 126 728 1

41 044.939 141.838 4

46 939.344 841.5

40.6

40 436.640 645.4

42.441 240.3

425125

650850

12 5001.44

556

1 5854 961

88088, 612

(2) 125

4.45 0

32.22.2.3

65.7669 6775. 55

63. 1162. 9458. 5664. 9265. 4971.89

72.04

75. 55

67.66

68.4376.4667.91

75.5071.3380 6674. 7674. 8370. 4959. 06

r 43 9r 29.2r36 2

r40. 5'46.8

39.3'42.4r 38 5r 47 0r39. 0

44 5'41.4

40.6

40.4r36. 5r40. 7'45.2

'42.6r40. 6MO. 3

450225

675310

2 100.25

588

7334,301

98095, 389

(2)1

13

5.94 6.3

1.03.0.3

r 67. 76r 72. 49r 74. 09

' 66. 20f 66. 35'60. 19' 67. 03* 68. 48r 77. 77

' 81. 97r 76. 67

r 70. 67

r 71. 17r 77. 84' 69. 86r 78. 38r 77. 76T 80. 03' 75. 87r 75. 82' 72. 04' 60. 68

M4 534.8

r39 2

41 3M6. 2r 39 7••43.7r 38 7

M6 2r39.0

42 6r 41.5

MO 8r 39. 6

35.3MO 0

45.2

'42.341 241.1

475230

700360

3 200.37

658

5682,985

63162, 094

(2)(2)

9

5.64 9.4.7

3.5.3

' 70. 0476. 06

r 80. 22

* 66. 39' 66. 77r 62. 33'68.19' 69. 32r 82. 28

' 87. 54

' 77. 65

' 74. 42

* 73. 57' 80. 27' 72. 32r 85. 36' 88. 83r 84. 28

77.76r 74. 44r 74. 49' 62. 93

44 332.132 8

40 746.339 643.538 7

46 238.942 341.6

40.8

39.334.939.445.3

42.640.941.4

425470

650600

3,500.37

641

6792,746

53054, 228

(2)(2)

6

'5.24.2.4.7

2.8.3

r 70. 59r 76. 76* 79. 05

' 66. 3566. 80

r 63. 45' 70. 22

71.86r 82. 59

85.35

76.55

' 75. 85

74. 52r 80. 87* 72. 83

* 85. 9690.8283. 1476.2475. 69

r 75. 05' 64. 13

25090

475220

1, 500.19

507

6902,576

53647, 730

(2)(2)

4

p 4.1p 3 6

T .4

v .8v 2 2

v .3

P 70. 66P 76 24p 78. 64

f 64. 65

p 62. 72P 69. 39

P 82. 40

P 75. 75

P80.~75~P 72. 30

p 84. 62

p 75. 74P 64. 69

r Revised. p Preliminary. 1 See note "f" for this page; comparable figure for December 1951, 43.8. 2 Less than 500 claims.fRcvised series. Beginning 1952, data cover all domestic (land-line) employees except messengers and those compensated entirely on a commission basis; earlier data exclude general and

divisional headquarters personnel and trainees in school.*New series. Data beginning 1947 will be shown later. JSee note marked "t" on p. S-ll.


S-14 SURVEY OF CUERENT BUSINESS January 1953


19

Novem-ber

51


ary March April May

1952


ber


WAGES— Continued

Average weekly earnings, etc.— ContinuedAll manufacturing industries— Continued

Nondurable-goods industries dollarsFood and kindred products do

Meat products^ _ _ - ...doDairy products doCanning and preserving _ _ _ d oBakery products doBeverages do

Tobacco manufactures - _ .__ doTextile-mill products do

Broad-woven fabric mills doKnitting mills do

Apparel and other finished textile productsdollars. .

Men's and boys' suits and coats. doMen's and boys' furnishings and work

clothing.. _ . . . _ . . .dollars. .Women's outerwear do

Paper and allied products doPulp, paper, and paperboard mills do

Printing, publishing, and allied industriesdollars. .

Newspapers - doCommercial printing do

Chemicals and allied products do __Industrial organic chemicals do

Products of petroleum and coal__ doPetroleum refining do

Rubber products . doTires and inner tubes do

Leather and leather products _ . doFootwear (except rubber) do

Nonmanufacturing industries:Mining:

Metal - doAnthracite doBituminous coal _ doCrude-petroleum and natural-gas production:

Petroleum and natural-gas productiondollars. _

Nonmetallic mining and quarrying doContract construction _ do

Nonbuilding construction doBuilding construction _ _ _ do

Transportation and public utilities:Local railways and bus lines doTelephone doTelegraphf - do. __Gas and electric utilities do

Trade:Wholesale trade - - do- -Retail trade (except eating and drinking

places)* dollarsGeneral-merchandise stores _ _ doFood and liquor stores doAutomotive and accessories dealers__.do

Finance:Banks and trust companies do

Service:Hotels year-round doLaundries - -- do ._Cleaning and dyeing plants do

Average hourly earnings (U. S. Department ofLabor) :

All manufacturing industries dollars. -Durable-goods industries do .-

Ordnance and accessories _ _ . do _.Lumber and wood products (except furni-

ture) - - - dollarsSawmills and planing mills . do_.

Furniture and fixtures doStone clay and glass products do

Glass and glass products doPrimary metal industries .. do

Blast furnaces, steel works, and rollingmills$ dollars .

Primary smelting and refining of nonferrousmetals - dollars


dollars ..Heating apparatus (except electrical) and

plumbers' supplies _ _ dollars _.Machinery (except electrical) _ do__ _Electrical machinery do

Transportation equipment doAutomobiles - do__ _Aircraft and parts doShip and boat building and repairs do_ _Railroad equipment do

Instruments and related products doMiscellaneous mfg. industries do

Nondurable-goods industries doFood and kindred products do

Meat products doDairy products do _.Canning and preserving _doBakery products doBeverages -do

59.0763.3473.5160.0947.8059.2674.5446.2650.4650.0147.56

45.1247.59

38.1350.4165. 6471.31

77.0985.5176. 5768.7271. 6381. 2884.8969.4680.2745. 8541. 93

74.4381.8481.09

79.0268. 3581.6679.3082.26

73.1160.8472. 1373.29

65.52

49.9236.1254.3567.13

51.13

36. 2037.9343.71

1.6261.7121.724

1.4991.4991.4311.5901.6711.826

1.890

1.702

1.689

1.7211.7971.653

1.8931.9551.8191.8511.8841.6701.446

1.5071.5081.6671.3721.2921.4281.836

60.4564. 1373.0661.4851.0259.4373.4846. 5352.7052.6248.08

46.2649.98

38.0952.3066.6872.22

79.4388.6578.7569.1072.4582.9487.1473. 9186.2648.6145.57

79.4369.9886. 28

83. 8567. 3283. 8379.0884.94

75. 3559. 4472.2173. 63

66.58

49.9237.5254.4467.06

51.81

36. 8138.3444.14

1.6361.7231.721

1.4751. 4721.4401. 5851.6571.842

1.896

1.729

1.697

1.7311.8131.666

1.9061.9781.8271.8301.9071.6831.462

1.5151.5161.6531. 3941.3321.4321.801

60.0463.4069.6662.7950.3559. 0472.9445. 2752.4052.1047.66

46.4050.00

38.0653.3866.3971.29

77.2883.1378.1869.0672.1182.6686.6774.1986.9949.5447.52

79.1273.5886.39

84. 5366.6984.7481.2685.35

73. 9259.68

i 70. 7773. 20

66.42

51.2238. 2754.5366. 68

52.05

36.4738.5544.08

1.6401.7261.740

1.4221.4321.4421.5851.6531.852

1.910

1.772

1.700

1.7301.8181.676

1.9151.9891.8411.8391.8731.6871. 462

1.5201.5241.6391.4271.3251.4331.801

60.1263. 3068.7262.2951.1160. 0973. 5043.6952.2251.1948.31

47.5651.67

39.0254.7866.5771.68

77.6484.1977.2668.8172.0282.0985. 6373. 3185.7550.1948.52

79. 2568.9780.27

82.2967.6085. 9582.7386.60

73.5259. 8370.9072.82

66.13

50.9837.4454. 4567.37

52. 14

36.5937.9643.14

1.6441.7311.762

1.4561.4581.4521.5911.6551.841

1.885

1.759

1.705

1.7291.8281.681

1.9141.9761.8521.8581.8871.7031.475

1.5221. 5291.6601.4191.3311.4481.806

60.1363.3068.0962.5551.4059.2973.4143.8851.3249.4848.16

47.3652.63

39.3453.1467.4872.93

79.0684.5579.5569.1872.5482.0985.5072.5883.4650.4649.15

80.5967.0079.26

84.5767.5083. 5179.4684.57

74.8959.2971.0273.28

66.62

50. 9037.2054.8767.74

52.30

36.3838.0043.39

1.6561.7461.780

1.4751.4751.4691.6001.6691.849

1.892

1.771

1.713

1.7371.8391.697

1.9392.0011.8781.8781.9021.7141.481

1.530.544.677.428.349.446.817

58.7162.8067.7862.2450.4460.2573.8141.4549.8549.0845.94

43.5848.20

38.0247.8165.3369.88

78.2385.0278.2169.0973.2082.3485.6871.4081.9048.5346.57

77.6762. 5266.68

83.1069.3185.2082. 4385.92

74.3153. 92

73. 24

66.49

50.9737.0455.1669.28

52.03

36.7238.4745.22

1.6551.7421.775

1.5021.4981.4651.6021.6751.834

1.876

1.767

1.711

1.7371.8371.696

1.9281.9971.8591.8521.8921.7081.479

1.5291.5431.6821.4211.3451.4661.818

59.7164.0968.8262.9549. 5061. 5776.9545.4050.7849.4246. 86

45.0648.77

39.4749.4366.3471.01

79.8687.4279.9669.7373. 6775.2276.5873. 4784.9648.9046.63

80. 4574.6970. 25

81.9370.7485.8184.4286.03

76.1760.60

73.46

66.94

51.6837.9155.1271.08

52.12

36.7639.0046.41

1.6581.7461.790

1.4591.4781.4621.6061.6781.841

1.884

1.776

1.718

1.7411.8431.697

1.9362.0011.8781.8581.8841.7181.491

1. 5311.5481.6911.4211.3061.4731.841

60.8365.3469.9165.3050.6262.2778.6846.7451.6150.3747.23

45.2150.86

39.3548.7967.7172.54

80.1687.3280.5270.6574.0784.9587.8375.0187.7950.0447.74

79.3266.6764.30

85.5371.3187.3586.7287. 50

76.9160.8072 4074.41

67.59

52. 8538.8056.6871.71

51.96

36.7239. 5447.20

1.6581.7471.787

1.5341.5481.4641.6161.6971.830

1.923

1.779

1.716

1.7441.8471.705

1.9442.0121.8821.8591.9161.7301.489

1.5401.5521.7011.4321.3081.4721.860

61.0365.1370.3564.9952.5661.8980.9346.2451.7851.0247.80

45.7249.54

38.6451.6368.3974.17

79.9386.6480.6470.2974.6888.0590.8272.1584.2250.0147.80

80.3859.3563.45

85.8570.4587.7886.3688.09

78.1462.2972 8474.78

67.80

53.0938.9856.9670.91

52.44

36.7238.7344.45

1.6481.7331.786

1.5431.5441.4531.6151.7011.820

1.911

1.803

1.700

1.7281.8381.702

1.9211.9871.8891.8461.8661.7321.484

1.5451.5471.7201.4411.2821.4771.882

' 61. 68' 63. 67' 69. 39' 63. 72' 52. 98' 61. 36' 78. 16' 46. 92r 53. 48' 52. 62T 49. 14

' 48. 12' 54. 16

' 40. 13' 54. 70r 69. 36' 73. 99

' 80. 83r 86. 89' 80. 20r 70. 68' 75. 13r 87. 31' 90. 37' 73. 65' 85. 29' 52. 02

50.50

'81.17' 65. 70' 80. 55

' 85. 70r 73. 10r 89. 64r 89. 93

89.59

' 78. 68' 62. 05r 72 00r 74. 81

' 68. 13

r 53. 00r 38. 84r 56. 94* 69. 61

r 52. 48

' 36. 98r 38. 20' 44. 13

' 1. 669' 1. 768r 1. 807

' 1. 580' 1. 595r 1. 461' 1. 631r 1.712' 1. 925

2.034

' 1. 843

' 1. 732

r 1. 753' 1. 849' 1. 708

r 1. 945' 2. 025r 1. 892r 1. 878r 1. 905' 1. 736' 1. 491

' .542' .538' .726r .445' .318r .468' 1. 888

' 62. 26* 63. 99r 70. 87' 65. 24* 53. 97r 61. 82' 76. 43r 47. 20' 54. 55

53.8849.79

' 48. 64r 55. 05

r 40. 83f 54. 38' 70. 99' 75. 68r 82. 20r 88. 95r 81. 41* 71. 30r 76. 15' 89. 03r 91. 94' 74. 32' 84. 39'51.09

48.69

' 85. 2278.27

' 88. 63

' 89. 00' 74. 75' 91. 63' 93. 74'91.18

' 77. 89' 62. 91

74 46' 76. 03

' 68. 95

' 52. 43' 37. 35' 56. 72' 71. 19

' 52. 58

' 36. 89' 39. 18' 45. 62

r 1. 6961.811

' 1. 870

r 1. 592r 1. 609' 1. 484' 1. 655' 1. 746' 1. 997

2.135

r 1. 871

' 1. 772

' 1. 777r 1. 871' 1. 722

'2.018' 2. 110' 1. 933

1.920r 1. 899' 1. 761' 1. 509

' 1. 545r 1. 520'1.716r 1 466' 1. 279' 1. 479' 1. 878

' 62. 42' 64. 38

72.6263.6754.0562.2274.97

' 47. 56' 55. 26

54.8950.67

' 48. 1954.15

41.6351.80

' 71. 5675.84

' 81. 8688.9381.89

' 71. 4776.63

' 87. 6490.51

' 74. 3483.38

' 50. 9847.91

83.7771.7176.59

87.0275.2892.5194.4892.26

78.3163.6874 6277.13

69.28

52.4337.2756. 5071.98

52.97

37.2839. 1045.95

' 1. 705' 1.819' 1. 860

' 1. 5761. 598

r 1. 493' 1. 672

1.757' 1. 990

2.092

1. 858

' 1. 789

1.787r 1. 885' 1. 730

' 2. 0372.1321.9471.9301.926

' 1. 770' 1. 516

' 1. 549' 1. 544

1.7291.4571.3281.4921.865

P 62. 99f 66. 19

~M7.~38~"55.02

p 47. 76

P72.41

P 81. 50

» 73. 17

~ p87~48

"VTT.'SO"f 50. 48

P 1. 715P 1. 824P 1. 868

P 1. 554

p 1.497P 1. 672

P2.000

p 1. 795

M.891"p 1.738

P 2. 044

p 1.778* 1. 533

p 1. 563p 1. 576

T Revised. * Preliminary. 1 See note "t" on p. S-13; comparable figure for December 1951, $70.47.tRevised series. See note "t" on p. S-13. *New series. Data beginning 1947 will be shown later. JSee note marked "J" on p. S-ll.


January 10f)3 SURVEY OF CURRENT BUSINESS S-15


1951

Novem-ber

Decem-ber

1952




WAGES— Continued

Average hourly earnings, etc.— ContinuedAll manufacturing industries — Continued

Nondurable-goods industries— ContinuedTobacco manufactures . _ _ _ _ _ dollars. .Textile-mill products do

Broad-woven fabric mills . -doKnitting mills do

Apparel and other finished textile productsdollars _.

Men's and boys' suits and coats doMen's and boys' furnishings and work

clothing dollarsWomen's outerwear _do

Paper and allied products _. _ _ doPulp, paper, and paperboard mills do

Printing, publishing, and allied industriesdollars _ _

Newspapers _ _ _ .. __doCommercial printing do

Chemicals and allied products .doIndustrial organic chemicals do

Products of petroleum and coal . _ .-do. _.Petroleum refining do

Rubber products _ _ _ _ _ _ _ __doTires and inner tubes do

Leather and leather products _ __doFootwear (except rubber) do

Nonmanufacturing industries:Mining:

Metal _ _ _ ,_do _Anthracite doBituminous coal doCrude-petroleum and natural-gas production:

Petroleum and natural-gas productiondollars ._

Nonmetallic mining and quarrying doContract construction do

Nonbuilding construction _ _ . d o _ _ _Building construction do

Transportation and public utilities:Local railways and bus lines doTelephone _ _ __doTelegraph f doGas and electric utilities ..do _

Trade:Wholesale trade __doRetail trade (except eating and drinking

places)* dollarsGeneral-merchandise stores _ _ d o _Food and liquor stores - doAutomotive and accessories dealers do

Service:Hotels, year-round doLaundries „ _ _ _ doCleaning and dyeing plants do

Miscellaneous wage data:Construction wage rates (ENR):§

Common labor dol. perhr_,Skilled labor do

Farm wage rates, without board or room (quar-terly) dol per hr

Railway wages (average, class I) doRoad-building wages common labor do

1.1771.3351.3301 275

1.2711.478

1.0711.4571.5481.628

1.9922.3301.9191.6441.773

1.9972.0911.7151.9821.2881.237

1.7152.2242.240

1.9561.5362.2192.0492 260

1.5791. 5521.6321.745

1.606

1.2671.0291.3691.482

.840

.9251.074

1.6462.728

1.779

1.1781.3411.3391.272

1.2781.483

1.0641.4611.5581.634

2.0162.3641.9351.6531.780

2.0132.1101.7942.1041.2861.235

1.7892.2502.247

2.0061.5302.2122.0332 253

1.5831. 5321.6301. 749

1.620

1.2451.0141.3611.477

.852

.9261.074

* 1.6512.751

1.801

1.1791 3471.3361 288

1.2891.497

1.0661.4871.5621.635

2.0022.3221.9401. 6601.785

2.0212.1141.8142.1271.2901.244

1.7862.2572.244

2.0271.5262.2362.0522.276

1.5931.542

i 1.6121.747

1.632

1.2871.0691.3841.485

.852

.9291.083

1.6542.758

.861.8071.29

1.1841 3461.3331 278

1.2961.489

1.0691.5051.5701.644

2.0222.3321.9461.6621.787

2.0122.1041.8102.1121.2971.257

1.7972.2322.236

2.0171.5262.2442.0582. 285

1. 5811.5541.6151.759

1.637

1. 2811.0431.3821.497

.855

.9281.084

1.6592.758

1.830

1.1991 3471.3301 274

1.2871.491

1.0721.4681.5841.665

2.0432.3421.9741.6751.800

2.0172.1111.8012. 0971.3041.270

1.8112.2262.239

2.0331.5412.2512.0642. 292

1.6071.5401.6141.770

1.649

1.2791.0391.3891. 502

.856

.9291.082

1.6642.770

1.809

1.1981 3401. 3231 269

1. 2451.465

1.0621.3981.5781.656

2.0482.3551.9801. 6851. 821

2.0332.1261.8032.0841.3081. 269

1.8022. 2252.230

2.0221. 5472.2422.0712. 285

1.6121.545

1.769

1.658

1.2841.0291.3931.526

.858

.9361.095

1.6802.774

.831.7881.38

1.1981 3471.3321 270

1. 2381.469

1.0611.3731.5871.667

2.0692.3951.9991.7051.828

2.0222.1451.8142.1031.3111.267

1.8122. 2432.209

2.0181.5482.2232.0492. 270

1.6241.566

1.783

1.657

1.3051.0621.4061.569

.863

.9421.105

1.6902.797

1.802

1.2111 3441.3361 256

1.2491 487

1 0551.4021.5971.683

2.0662.3992 0031.7191. 838

2.0822 1741.8342 1361.3101 263

1.8622 2152.256

2.0711.5572.2172.0552 261

1.6331. 5591.6271.806

1.669

1.3181.0691.4101.583

.862

.9461.108

1.7062.808

1.821

1.2201 3451.3391 258

1.2701.470

1.0501.4751.6131.709

2.0762.4002.0011.7271.844

2.1322.2261.8222.1161.2991.248

1.8652.2232.258

2.0941.5692.2452.0662 294

1.6661. 5851.6261.802

1.670

1.3141.0651.4031.562

.866

.9401.103

1.7552.849

.871.8351.41

'1.200r 1 347

1.339r 1 260

' 1. 290' 1. 496

r 1 056T 1.511«• 1. 613r 1. 697

r 2. 078r 2. 407r 1. 990T 1. 728' 1.846

' 2. 140p 2. 248' 1.814r 2. 106r 1.317

1.272

' 1. 8492.250

r 2. 225

r 2. 116r 1. 596r 2. 281' 2. 121r2 327

' 1. 674r 1. 591r 1. 618' 1. 807

' 1. 678

' 1.312»• 1. 064' 1. 399* 1. 540

r .868'.941

' 1. 095

1.7932.885

1.851

r 1. 186T I 357

1 3471 267

' 1. 297r 1 500

' 1 066' 1. 519' 1. 632r 1. 720

' 2. 097r 2. 437' 2 015r 1. 718T 1. 871

r 2. 161T 2. 270r 1. 826r 2. 115r 1. 327

1.278

r 1.9152 249

r 2. 261

' 2. 155* 1.618r 2. 308r 2. 145r 2 356

1.686'1.613

1.748r 1. 832

r 1. 690

1.324r 1. 058' 1. 418' 1. 575

'.872'.951

' 1. 110

1.8032.909

1.858

' 1. 186' 1 361

1.3521 273

' 1. 2851 500

1 0731 480

' 1. 6301 712

' 2. 0992.4432 027' 1. 714

1.869

' 2. 1482 257' 1. 822

2 111' 1. 338

1 288

1.8912 2342.335

2.1381.6262.3362.1722 384

1.6951.6371.7641.854

1.698

1.3341.0681.4341.589

.875

.9561.110

1.8172.921

7.61.8531.48

v 1 218P 1 362

p 1. 277

v 1. 642

p 2. 095

p 1 734

p 2. 160

p 1. 893

f 1. 346

1.8172.937

FINANCE

BANKING

Acceptances and commercial paper outstanding:Bankers' acceptances mil. of doL-Commercial paper _ _ _ _ do _

Agricultural loans outstanding of agencies super-vised by the Farm Credit Administration:

Total mil of dolFarm mortgage loans, total do

Federal land banks doLand Bank Commissioner do

Loans to cooperatives doShort-term credit do _

Bank debits, total (141 centers) doNew York City _ __ _ _ doOutside New York City do _

Federal Reserve banks, condition, end of month:Assets, total mil. of dol

Reserve bank credit outstanding, total do .Discounts and advances.., _ doUnited States Government securities-_-do

Gold certificate reserves _ _ _ _ do -_Liabilities, total do

Deposits, total doMember-bank reserve balances do - _

Excess reserves (estimated) do_ ._Federal Reserve notes in circulation do -

Reserve ratio percent. _

437435

420660

117, 23144, 80272, 428

49, 04624, 734

62423, 23921, 16649, 04620, 94519, 670

49024, 680

46.4

490434

2,1101,029

99832

429651

129, 54953, 50076, 049

49, 90025,009

1923, 80121, 46849, 90021, 19220, 056

38925, 064

46.4

492480

408678

123, 05948, 10674, 953

48, 94123, 783

32822, 72921, 73148, 94121, 00420, 077

63424, 405

47.9

493517

396718

114, 11345, 37568, 738

49, 32323, 904

59822, 52821, 99249, 32321, 33619, 982

72824, 423

48.1

458534

2,1941,0501,021

30377766

125, 26950, 18075, 089

48, 59023, 270

13322, 51422, 11548, 59020, 74619,733

49224, 371

49.0

422544

357820

124, 66452, 05772, 607

49, 21323, 632

67622, 36322, 10649,21321, 17519, 940

79724, 332

48.6

430510

337860

121,43349, 53571,898

49, 54924, 152

95222, 27322, 10349, 54921,41219, 778

59124, 567

48.1

416495

2,3131,0741,046

27343896

129, 87054, 92274, 948

48, 93923, 551

5922, 90622, 14348, 93920, 55919, 381-192

24, 82648.8

450539

350908

131,96057, 05274, 908

50, 25224, 821

1,27022, 85322, 14650, 25221,95220, 323

49524, 843

47.3

454550

352896

110, 57843, 16667, 412

50, 49625, 2161,318

23, 14622, 14750, 49622, 05620,411

83525, 119

46.9

454565

2,2971,0881,062

26369841

123, 88649, 27874, 608

50, 47924, 747

47723, 69422, 14750, 47921, 45520, 066

31925,215

47.5

449591

414775

137, 73155, 56082, 171

51, 34125, 8551,591

23, 57522, 14051,34122, 27320, 616

62025, 426

46.4

478575

433725

115, 49744, 74670, 751

52, 49226, 7401,895

23, 82122, 14552, 49222, 58321, 149

86725, 949

45.6r Revised. v Preliminary. 1 See note "f" on p. S-13; comparable figure for December 1951, $1.609.fRevised series. See note "I" on p. S-13. *New series. Data beginning 1947 will be shown later. §Rates as of December 1, 1952: Common labor, $1.817; skilled labor, $2.942.




1951

Novem-ber

Decem-ber

1952



FINANCE—Continued

BANKING— Continued

Federal Reserve weekly reporting member banks,condition, Wednesday nearest end of month:

Deposits:Demand, adjusted . mil. ofdolDemand, except interbank:

Individuals, partnerships, and corporationsmil. of doL-

States and political subdivisions doUnited States Government do

Time, except interbank, total doIndividuals, partnerships, and corporations

mil. of doL_States and political subdivisions -do _

Interbank (demand and time) doInvestments, total do

U. S. Government obligations, direct andguaranteed, total mil. of doL_

Bills . .do—-Certificates doBonds and guaranteed obligations . -do .Notes do

Other securities. _ _ .do...Loans, total do

Commercial, industrial, and agricultural—doTo brokers and dealers in securities doOther loans for purchasing or carrying securities

mil. of dol_-Real-estate loans do -Loans of banks do ...Other loans do

Money and interest rates :d"Bank rates on business loans:

In 19 cities percentNew York City do7 other northern and eastern cities do11 southern and western cities do

Discount rate (N. Y. F. R. Bank) _do ._Federal intermediate credit bank loans do _.Federal land bank loans do -Open market rates, New York City:

Acceptances, prime, bankers', 90 davs -doCommercial paper, prime, 4-6 months doCall loans, renewal (N. Y. S. E.) doTime loans, 90 days (N. Y. S. E.) doYield on U. S. Govt. securities:

3-month bills do3-5 year taxable issues do

Savings deposits, balance to credit of depositors:New York State savings banks mil of dolU S. postal savings do

CONSUMER CREDIT

Total consumer credit, end of month mil. of dol_.Instalment credit, total __ do

Sale credit, total doAutomobile dealers . doDepartment stores and mail-order houses

mil. of dol. .Furniture stores _ _ _ _ _ _ ..doHousehold-appliance stores doAll other retail stores (incl. jewelry) do

Cash loans, total doCommercial banks doCredit unions. ._ do _ .Industrial banks ... _ . __ .do._ _Industrial-loan companies doInsured repair and modernization loans

mil. of dol. _Small-loan companies doMiscellaneous lenders do

Charge accounts _ _ _ doSingle-payment loans doService credit _ _ .do _ .

Consumer instalment loans made during the month,by principal lending institutions:

Commercial banks mil. of dolCredit unions . doIndustrial banks doIndustrial-loan companies doSmall-loan companies _do ..

FEDERAL GOVERNMENT FINANCE

Budget receipts and expenditures:Receipts, total mil. of dol

Receipts, net. doCustoms _._ __ _ _ _. doIncome and employment taxes doMiscellaneous internal revenue doAll other receipts do_-_

TCxpenditures total doInterest on public debt do__Veterans Administration _ _ _ _ do._National defense and related activities. ..do—All other expenditures _ do.

53, 040

53, 9643. 4G62,241

15, 792

14,915720

11,73738, 772

32,0823,9492,994

19, 1855, 9546, 690

34, 48820, 865

1,148

6805,670

6575, 949

1.752.694.17

1.632.252.252.38

1.6082.01

12,0182,714

19, 98913, 2717,4004,100

1,099908608685

5,8712,509

535299225

9221,211

170

4,1901,4221,106

347834538

228

3,9513,521

472,935

805164

5, 178173483

3,0151 , 508

53, 370

55, 5543, 5822, 225

16, 026

15, 152712

13, 51939, 056

32, 2244,1293, 596

18, 5315,9686,832

35, 16121,419

1,340

6875,658

5646,028

3.273 013.233.671.752.714.17

1.692.312.382.47

1.7312.09

12, 1752,705

20, 64413, 510

7, 5464,039

1,186971613737

5,9642,510

542301229

9381, 268

176

4,5871,4361,111

354845042

292

5,5765,279

444,599

823111

5,6271,057r400

3,070r 1, 11)0

54, 328

54, 7983, 6941, 644

16, 070

15, 176728

11,83439, 260

32, 4194,3193, 698

18, 4565,9466,841

34, 75721, 160

969

6675, 669

8226,011

1.752.734.17

1.752.382.452.56

1. 6882.08

12, 2082, 695

20, 12613,3147,3223, 962

1,129933592706

5,9922,521

541300230

9511,273

176

4, 2531 , 4451,114

393854638

184

5,1534,953

443,944

826339

5, 455228449

3,4141,363

52, 683

53, 6463, 5992. 545

16, 205

15, 275761

11,48138, 833

31.8923, 8553,798

18, 2865, 9536,941

34, 69321, 157

1,077

6605, 652

6915,999

1.752.734.17

1.752.382.382.56

1.5742.07

12, 2672,681

19,71713,1857,1583,927

1,082909567673

6, 0272,542

545301232

9561,275

176

3, 9671,4481,117

373914637

181

6,1945.553

435,258

80588

5,105! ' 142

396i 3,155: 1 ,412

51, 162

51,7293,7103, 666

16,318

15, 385764

12, 04238,316

31, 1633,4153,611

18, 2205,9177,153

34, 79521,1721,278

6775,657

5406, 021

3.453 233.473.791.752.734.17

1.752.382.382.56

1. 6582.02

12, 3822,669

19, 56513,156

7,0473,891

1, 060893548655

6,1092, 593

553303235

9631,285

177

3, 8551,4431,111

429955241

216

10, 8009,886

449,816

825115

5, 704689404

i 3, 425: 1.186

52, 303

52, 9134,0703, 184

16, 383

15, 444767

10, 99838, 563

31, 4563, 6243, 684

18, 2745,8747,107

34. 77020, 796

1, 695

6605,674

4386, 056

1.752.734.17

1.752.352.382.56

1. 623i 1.93

12, 4382,651

19, 78813.319

7, 0993, 946

1,064894541654

6,2202, 642

568307239

9831,302

179

3,9131,4371,119

429103

5039

211

5,1874,323

474, 186

849105

6,016350367

3, 775i 1 , ftW

52, 863

53, 1524,0212, 917

16, 509

15, 554780

10, 89538, 983

31,7193,5443,728

18, 5245, 9237,264

34, 86320, 530

1,885

6595,690

4636,187

1.752.734.17

1.752.312.382.56

1.7101.95

12, 5312,633

20, 29313,8067,4214,171

1,101924551674

6. 3852,726

589319246

1,0041,320

181

3,9211,4311,135

479116

5244

236

4,6883,809

453,663

828152

5, 659172359

3, 7911 . 337

51, 708

52. 8183,7056,914

16, 631

15, 689763

11, 99041,019

33, 5823,7343.885

20, 0165, 9477,437

36, 47220, 5672,792

7895,726

7596,393

3.513 273.463.901.752.734.17

1.752.312.382.56

1.7002.04

12, 6782,617

20, 96114, 409

7,8204,446

1,132954588700

6,5892,838

614330254

1,0241,346

183

3, 9801,4351,137

497122

5644

248

10, 2209,796

459.147

845183

0, 9301,518

361! 3, 699'. 1 , 353

52, 766

53, 1893,6984,793

16, 651

15, 687779

11,27440, 800

33, 2673,3133,700

20, 2885,9667, 533

35,31520, 581

1,988

7175,764

3866,436

1.752.724. 17

1.752.312.382.56

1.8242.14

12, 7302,601

21,21314, 7458, 0394,597

1, 142974612714

6, 7062,892

631341259

1,0321,366

185

3, 8911,4431,134

473113

5342

238

3,6493,316

482,464

949188

6,742320401

3,8842, 137

52, 275

53, 2533, 5583,144

16, 706

15, 751765

11,96539, 503

31,9322,5S23,211

20, 1495,9907,571

35,68521,0171,461

7925, 824

6146,537

1.752.714.17

1.752.312.572.61

1.8762.29

12, 786r 2, 586

21,43314, 9398,1494,634

1,166995625729

6,7902.931

647346263

1,0391,377

187

3,9021,4561,136

418105

5041

211

4,5854,050

473,546

862130

5,018183362

2, 9711,502

52, 317

53, 8353,5153, 561

16, 829

15, 883756

12,26139, 093

31,5792,5132,617

20, 1216,3287.514

36, 68021,6711,416

7675,890

8266,670

3.493 293.443.841.752.714.17

1.752.312.632.63

1. 7862.28

12, 896' 2, 572

' 21, 657' 15, 193

8,3394,708

1,2171,013

648753

r 6, 8542,971

662352264

r 1, 0441,375

186

3,848' 1, 469

1,147

4231055139

196

6,8756,585

525, 834

877112

6, 070559

i 3534,008

1 1, 150

53, 586

54, 7993,5613,450

16,929

16, 002738

12,17539, 747

32, 3613,6102, 433

20, 0576, 2617, 386

37, 23822, 274

1,437

••7425, 945

6186, 784

1.752.714.17

1.752.312. 632.63

1.7832.26

12, 943v 2, 561

v 22, 288v 15 572

p 8, 653P 4, 882

•P i, 278v 1.045

v 666P 782

p 6, 919P3.011

P677P359P 266

P 1,044P 1,376

P186

P 4, 075P 1 , 488P 1,153

P 449P113

P 55P 4 5

P209

3, 3553, 099

652,227

923139

6,383572363

3,7231, 725

54, 392

55, 4543, 5593, 784

16. 974

16, 027751

12, 49240, 215

32, 9474, 4602, 445

19, 9746, 0687, 268

38, 05122, 949

1, 606

7255,990

4316,920

1.752.714.17

1.752.312.632.63

1,8622.25

P 2, 552

p 22, 798P 15, 883

p 8, 910P 5, 034

p 1,332p 1, 069

i P6711 ' P804

1 P 6, 973! P 3, 044i P 682

P 361P 268

! P 1, 047: P 1. 384

p 187

P 4, 246i P 1, 5131 P 1, 156

i p388; p 9 7

p 47"40

P214

1 4, 7314, 151

443, 624

888175

5 161185354

3,3021,319

r Revised. ? Preliminary.cf For bond yields see p. S-19.

1 Beginning April 1, 1952, includes 1:)4 percent note of December 15, 1955, and 2^2 percent bond of March 15, 1956-58.


Jaiuiiiry 1053 SURVEY OF CURRENT BUSINESS S-17


1951

Novem-ber

Decem-ber

1952

January Febra- March April May June July August Septem-ber October Novem-

ber

FINANCE—Continued

FEDERAL GOVERNMENT FINANCE— Con.

Public debt and guaranteed obligations:Gross debt (direct), end of month, total

mil. of dol. _Interest-bearing, total . ... _ . do

Public issues doSpecial issues . . . . . . do

Noninterest bearing doObligations guaranteed by U. S. Government,

end of month mil. of dolU. S. Savings bonds:

Amount outstanding, end of month doSales, series E, F, and G._ doRedemptions do

Government corporations and credit agencies:Assets, except interagency, total mil. of dol

Loans receivable, total (less reserves) doTo aid agriculture. doTo aid home owners doTo aid railroads doTo aid other industries doTo aid banks doTo aid other financial institutions doForeign loans doAll other do

Commodities, supplies, and materials doU. S. Government securities doOther securities doLand structures and eouipment doAll other assets do

Liabilities, except interagency, total doBonds, notes, and debentures:

Guaranteed by the United States doOther do

Other liabilities do

Privately owned interest doU S Government interest do

.Reconstruction Finance Corporation, loans andsecurities (at cost) outstanding, end of month,totals" mil. of dol

Industrial and commercial enterprises, includingnational defensecf mil. of dol

Financial institutions doRailroads doStates, territories, and political subdivisions. doRepublic of the Philippines doMortgages purchased doOther loans _ ._ _ . _ . do_. .

LIFE INSURANCE

Assets, admitted:All companies (Institute of Life Insurance), esti-

mated totalj ._- mil. of dol _Securities and mortgages t do

49 companies (Life Insurance Association ofAmerica), total mil. of dol

Bonds and stocks, book value, total. do _.Govt. (domestic and foreign), total do

T~. S. Government doPublic utilitv .. . . d oRailroad doOther . . . _ _. do

Cash doMortgage loans, total _ _ _. . do. .

Farm doOther do

Policy loans and premium notes doReal-estate holdings _ . . . . doOther admitted assets ._ do

Life Insurance Agency Management Association:Insurance written (new paid -for insurance):

Value, estimated total§ mil. of dolGroup § ._- - _ . . _ - .- .doIndustrial § --- ... . do.Ordinary total do

New Fngland _ __ . _ .. _. .do...Middle Atlantic ._ doEast North Central _ doWest North Central doSouth Atlantic - ... doFast South Central doWest South Central .. doMountain ... _ . . _ . ...do. .Pacific - do

Institute of Life Insurance:Payments to policyholders and beneficiaries,

estimated total thous of dolDeath claim payments doMatured endowments doDisability payments __ .. .. ... ~. doAnnuity payments doSurrender values - . .. do_Policy dividends do

259, 604257, 253221,39135, 8622,351

43

57, 710315364

844

45291

10218607942

67, 47660, 514

59. 556r 37, 743

12, 0609,829

10. 7033,111

T 11,896851

15, 8511,338

14 5122, 190

r 1, 409T 1,512

2,398398453

1 547102357328139]8476

12854

177

315 371136, 82542, 4488,311

30, 56046, 76950. 458

259. 419257, 070221,16835, 9022,348

42

57, 739296401

26, 74414, 4224, 1612,142

101488

0)814

6,110779

1, 4612, 2263, 4633 3581,813

2, 573

431,3691, 161

32923, 842

831

447849919607844

67, 98360, 919

59, 99937, 94611,8719, 657

10, 7813,134

12, 160848

16, 0271,350

14 6762,1931, 4261,559

2,478477436

1. 56510133333315219968

13860

181

364 248141, 62137, 549

7,98827, 98747, 712

101.391

259, 775257, 482221,24936, 233

2,294

38

57, 809440492

816

439799919577845

68. 55461, 385

60, 35038. 05611. 7679, 561

10, 8143,150

12, 326924

16, 1851 357

14 8282, 1991,4321, 554

2,031191382

1 45810233331412616660

14952

156

389 502167] 99546, 5609.887

38, 29452, 77473. 992

260, 362258, 136221,77636, 360

2, 226

37

57, 821338410

803

433769618577745

68, 90761, 734

60, 64038. 18711, 7069, 514

1C, 8463, ] 64

12, 470851

16, 3361 375

14 9612, 2061,4451, 615

2,179244454

1 48199

32933312917961

14053

160

329 638148, 93438, 9848,273

28. 81950, 64853. 980

258, 084255, 794219, 30136, 493

2,290

41

57, 814330428

26, 85814, 4224,2392, 363

98473

(0597

6, 096731

1,3222,4223, 4513 4061, 835

2,499

381,2141,247

34924, 010

800

432739619577746

69, 25062, 125

60, 93838. 38511, 5889, 436

10. 9093. 182

12, 706785

16, 4591, 388

15 0712,2171, 4641,628

2,495246530

1 719113384363144207

7217869

190

366 424155, 85141, 7388, 351

30, 82657, 16972. 489

258, 292256, 102219, 35636, 7462,191

44

57, 772313437

795

430719519577646

69, 60462, 500

61, 23738, 58711. 5469,409

10, 9613,185

12, 895773

16. 5831 406

15 1762. 2261,4711,597

2. 571339497

1 73511540636714220969

16863

197

344 261149. 38838. 1 1 1

8, 66630, 67158, 47358. 952

259, 905257, 739220, 54037, 198

2, 1 67

45

57, 739292422

778

420689516577646

69, 95962, 789

61, 54738, 69211, 2759,151

11, 0303, 196

13, 190780

16, 7191 423

15 2962, 2361,4831.637

2,803582537

1 684111388349147205

6716164

191

336 714150 65637, 479

8, 36729. 17555, 89555. 142

259, 105256, 863219,12437, 739

2 242

46

57, 807364431

27. 93315 9134,0582 387

85464

(i)653

7,617801

1,3502, 3643,4383 1861 683

2,472

441 2281 200

35725 104

754

425558316547546

70. 33463 083

61 85738. 78011, 0968 989

11. 0663 238

13, 380847

16, 8521 439

15 4132 2461,4981 633

2 589442464

1 683' 11338235514820369

16160

192

339 822148 98035 126

8, 65131 17750. 45365. 435

263, 073260, 908222, 96337, 9452,165

34

57, 827367467

751

424548216547447

70. 77463, 590

62, 20139, 07911, 1349.007

11, 1093, 251

13, 585750

16, 9761 454

15 5212 2541,5101, 634

2,442351420

1 671' 11537735814819867

15662

189

338 501154 50633 809

8, 84531 20052 94757. 194

263, 186261,060222, 75338, 3072 125

39

57, 868356399

753

427538216547447

71,12363, 855

62, 49539, 18411,1319,025

11, 1843, 253

13, 615758

17, 0821 463

15 6192 2621,5201,688

2 319312442

1 56599

33433614119064

15461

187

318 461145 94431 5848 229

29 88647 97854. 840

262. 682260, 577222, 21638, 360

2 105

40

57, 871330416

28 92216 8904 5632 437

84480

(i)716

7 826933

1 3772,3713 4363 21 21 636

2 774

391 3011 434

36"25 780

769

444538216r47347

71 57864 20 p

62 80839 31011,127

11 212o 901

1 3 (\QC\

1 7 1 88

1, 594

340140

6715659

182

322 636146 41034, 400

8, 25328 53248 76856. 273

264, 919262, 820224, 43038, 390

2 099

45

57, 903347398

787

458518222547347

72, 03464, 665

63,15939, 56510, 9248,887

11, 3463,301

13, 994803

17, 3111 481

15 8302 2761, 5101,664

2, 661346499

1 816' 122

411384160219

7716268

212

339 557154 86039 1119 220

31 60552' 91651.845

267, 432265, 345226, 55738, 788

2 087

51

57, 958303346

.- .-. .

790

464508022547247

72,41565, 010

63, 47939, 75710, 9(578 935

11, 3623 314

14, 115767

17,4111 4C)0

15 9212 2801 5501 714

2 516373474

1 669113398356136199

iS61

184

304 060141 62632 337

7 87428 59545 12748 S01

r Revised. * Less than $500,000.^Includes loans under the Defense Production Act of 1950.{Revisions for January-July 1950 are shown in corresponding note in the October 1951 SUKVEY.^Revisions, available upon request, are as follows: Total insurance written, January 1949-January 1951; group, January 1950-Jauuary 1951; industrial, 1949.


S-18 SUEVEY OF CURRENT BUSINESS January 1953


1951

Novem- Decem-ber ber January Febru- March April May June July : Septem-

ber October

FINANCE—Continued

LIFE INSURANCE— Continued

Life Insurance Association of America:Premium income (39 cos.), total. . -thous. of doL-

\ccident and health doAnnuities doGroup doIndustrial doOrdinary do_

MONETARY STATISTICS

Gold and silver:Gold:

Monetary stock, U. S mil. of dolNet release from earmark§ thous. of doL_~p, \ports doImports - --. - -. _ - _ d oProduction, reported monthly total do

Africa doCanada doUnited States. do -

Silver:Exports -- doImports doPrice at New York dol. per fine ozProduction:

Canada thous. of fine ozMexico doUnited States do

Money supply:Currency in circulation mil. of dolDeposits and currency, total do

Foreign banks deposits, net doU. S. Government balances doDeposits (adjusted) and currency, total. _ _ do

Demand deposits, adjusted doTime deposits doCurrency outside banks . do

Turn-over of demand deposits except interbank andU. S. Government, annual rate:

New York City..- - ratio of debits to deposits -Other leading cities do

PROFITS AND DIVIDENDS (QUARTERLY)

Manufacturing corporations (Federal Reserve) :JProfits after taxes, total (200 corps ) mil of dol

Durable goods, total (106 corps ) doPrimary metals and products (39 corps ) doMachinery (27 corps.) doAutomobiles and eQuipment (15 corps ) do

Nondurable goods, total (94 corps.) doFood and kindred products (28 corps ) doChemicalsandalliedproducts (26corps.) doPetroleum refining (14 corps ) do

Dividends, total (200 corps.) doDurable goods (106 corps ) doNondurable goods (94 corps.) do

Electric utilities, profits after taxes (Fed. Res.)tmil of dol

Railways and telephone cos. (see p. S-23).

SECURITIES ISSUED

Commercial and Financial Chronicle:Securities issued, by type of security, total (new

capital and refunding) * mil. of dolNew capital, total do

Domestic, total- _ . doCorporate- doFederal agencies doMunicipal, State, etc ._ _ _ . .- do

Foreign doRefunding, total do

Domestic, total ._ _ do _ -Corporate..- _ . doFederal agencies doMunicipal, State, etc do

Securities and Exchange Commission:!Estimated gross proceeds, total do

By type of security:Bonds and notes, total. do

Corporate doCommon stock . doPreferred stock _ . d o -

By type of issuer:Corporate, total do

Manufacturing. _ doPublic utility doRailroad doCommunication . - _ doReal estate and financial do

Noncorporate, total ... doU. S. Government doState and municipal do

526, 03159, 73773, 78541, 151

T 61, 287r 290, 071

22, 382188, 370

9 3667,302

63, 31638, 21413, 0335,415

886,284.880

r 2, 0193,4143,134

28, 809190, 500

2,1005, 600

182. 70096, 30060, 60025, 800

31.422.0

976836815517

0297

221401404789

4

1,638

1,368403105166

673220267

763715

965655302

743, 46571, 169

148, 52248, 449

115, 161360, 164

22, 695289, 861

2 3758, 800

62, 38837, 77313,1604,850

893, 656.880

T 2, 0365,5473,219

29, 206193, 404

2,2795, 141

185, 98498, 23461,44726, 303

37.922.6

932565217123185368

52125148

567325242

226

1,093883838562

027645

21120583

10219

1,780

1,545636132104

871487260232624

909601296

549, 11853, 54190, 14460, 16463, 880

281, 389

22, 951137. 45213, 22376, 86462, 52738, 74112, 4104,962

1576, 125.880

1,7883, 3383,766

28, 386191,600

2,1004, 300

185, 20097,90061, 70025, 600

30.120.6

1,23293092954139

3491

302302

1071

221

2,194

2, 0634744883

605354186172

151,5891,024

565

540, 74258, 39272, 42547,21166, 827

295, 887

23, 190152,21917,805

168, 12961,02436, 60212, 3434.848

5136, 177.880

2,0162,6053.430

28, 465191, 500

2,2005, 900*

183, 40095, 70062, 00025, 600

32.521.4

855697667346

3628530

15815874768

1,698

1,534314154

10

478291112293

131,220

967222

647, 57563, 83184, 83352, 94187, 382

358, 588

23, 290-103,092

1 , 473158,60063, 28538. 83012, 7654,647

1428,126

.880

2,0815,3183,854

28, 473192, 300

2,2007,100

182, 90094, 80062, 40025, 700

34.022.0

81550122081

170314

40108129

482273210

257

1,2201,139

99481238

14414581811363

4

1,649

1,42574816163

972373400

126

20677515145

520, 59761, 47465, 07746, 67762, 142

285, 227

23, 297-75,357

1 31397, 93263,31938, 55712,7104,961

5874, 678.880

2,5294, 7684,043

28, 464192, 200

2, 2006, 300

183, 80095, 10062, 70025, 900

34.421.1

1,5761,2731,237

70480

45236

30329940

2572

2,336

2,13977113561

967353271344857

1,368722397

583, 17265, 44865, 71846, 68385, 525

319, 798

23, 29627, 084

2 82430, 00066, 20240, 03312, 8065,147

1,5354, 680.854

2,2463, 1993, 273

28, 767192, 900

2. 3006. 300

184, 40095, 30063, 00026, 000

34.321.3

1,584i 1, 278

1,109677

5637611930630615114411

2,494

2,24887016382

1, 116570281120

2640

1,378928396

617, 89060, 83671, 29346, 79088, 711

350, 260

23, 34619, 2663, 445

40, 051

38, 73912,4755, 461

2155, 038.828

1, 8593, 9763,292

29, 026194, 960

2, 3197, 737

184, 90494, 75463, 67626, 474

38.622.2

r 624'338

29r 80

r 191r 287

42105111

476r 270r 206

214

1,4091,2511,239

58738

61511

158155

314111

2,452

2,25565211284

848291355

522970

1,603978624

550, 76062, 43086, 20952, 22156, 801

293, 099

23, 350-31,394

1 58026, 047

39 88613, 0626,403

2365. 733.829

1,7833. 8583, 307

28, 978v 197, 200

p 2,600v 8, 900

v 185, 800* 95, 700p 63 800v 26. 200

35.120.7

1,5191,3931,3811,137

20224

1212612650742

6,441

6,2511,309

15733

1,30935625646

49569

5. 1324 898

226

560, 43565. 30767. 39243, 68779, 894

304. 155

23. 344-32,620

2 8615. 947

39 67312. 944

6. 498

2164.877.833

r 2. 1962.9212.272

29, 293* 197, 000

P 2. 600P 8. 200

v 186. 200v 95, 800* 64. 100P 26, 300

31.420.2

810461461202

56203

0349349153188

1,175

1.095348

5029

428r 135

107952214

747544201

594, 06666, 23769, 00847, 49185,313

326, 017

23, 342—13, 776

1 24434, 590

39 41113,4086,212

3824, 499.833

1,7283,1073,235

29, 419v 197, 900

P 2, 500P 8, 100

p 187, 400P 96, 400p 64, 500P 26, 600

34.621.5

68337510291

144308

49107114

475270205

207

962808800363

0437

915415472792

1,339

1,257381

4537

463187171121926

876444428

555, 23566 88876, 97847 44271 553

292, 374

23, 339—92, 430

2 98886, 465

6, 769

411

.833

3,682

29, 644P 199, 900

P 2, 500P 7, 200

T 190, 200P 98, 600p 64, 900P 26, 700

34.421.3

1 3811 1 225

1, 157852

0305

81561568072

4

1,932

1 758874169

6

1 049588335

152668

883531294

554, 58470 79467 80646 06168 809

301, 114

23, 337-29, 004

1 5801.872

2585 009.833

30 228p 202, 700

P 2 500P 8, 600

P 191, 600p 99, 400p 64 800p 27, 400

36.322.8

1,213

1 1374144927

49027247275143

723480219

'Revised. p Preliminary. 1 Includes International Bank securities not shown separately.§ Or increase in earmarked gold (—).f Revisions for 1939—1st quarter of 1951 for manufacturing corporations and electric utilities and for January-March 1951 for SEC data will be shown later.




1951

Novem-ber

Decem-ber

1952



FINANCE—Continued

SECURITIES ISSUED— Continued

Securities and Exchange Commissionf— ContinuedNew corporate security issues:

Estimated net proceeds, total _mil. of dol._Proposed uses of proceeds:

New monev total doPlant and equipment - - doWorking capital _ _ .__ _ do ...

Retirement of debt and stock, total- -doFunded debt - - doOther debt doPreferred stock _ _ _ d o

Other purposes _ . _- . .._ doProposed uses by major groups:

Manufacturing total doNew money - doRetirement of debt and stock . do

public utilitv total doNew monev - doRetirement of debt and stock do

Railroad total do__ .New money doRetirement of debt and stock do

Communication total doNew money doRetirement of debt and stock do __

Real estate and financial, total doNew money _ _ _ do __Retirement of debt and stock do

State and municipal issues (Bond Buyer) :Long-term thous. of dol__Short-term __do_ __

COMMODITY MARKETS

Volume of trading in grain futures:Corn mil. of bu__Wheat --do

SECURITY MARKETS

Brokers' Balances (N. Y. S. E. MembersCarrying Margin Accounts)

- Customers' debit balances (net) doCustomers' free credit balances _ doMoney borrowed do

BondsPrices:

Average price of all listed bonds (N. Y. S. E.),total § _ dollars

Domestic doForeign _. do

Standard and Poor's Corporation:Industrial, utility, and railroad (Al-f issues):

Composite (17 bonds) dol. per $100 bond_.Domestic municipal (15 bonds) do.

U S Treasury bonds, taxable doSales:

Total, excluding U. S. Government bonds:All registered exchanges:

Market value thous. of dolFace value _ _ do.._

New York Stock Exchange:Market value _ do. _ _Face value do.

New York Stock Exchange, exclusive of stoppedsales, face value, total§ thous. of dol__

TJ. S. Government do.Other than U. S. Government, total§ do

Domestic _. _ _ - doForeign _ do

Value, issues listed on N. Y. S. E.:Market value, total, all issues § mil. of doL-

Domestic doForeign do

Face value, total, all issues § do_Domestic -- d o _ _Foreign do

Yields:Domestic corporate (Moody's) percent--

By ratings:Aaa doAa . -. _ _ . do _ _ _A doBaa . -.- do

By groups:Industrial doPublic utility doRailroad do

Domestic municipal:Bond Buyer (20 bonds) doStandard and Poor's Corp. (15 bonds) --_do

U. S. Treasury bonds, taxable do

660

570488837242291

18

21418030

262251117661153737

0)14111

299, 109210, 915

286454

1,279805649

97.8298.3072.65

115. 3131.697.52

47, 05256, 942

45, 27553, 328

48, 5590

48, 55941, 8956,613

97,15195, 4271,339

99, 31897, 0751,843

3.20

2.963.023.263.56

2.973.213.42

2.072.072.66

856

771682

905542112

29

480428

342552401522220

2524

123183

265, 503215, 196

242380

3781,292

816695

97.4397.9272.44

114.8130.996.85

58, 37671, 347

56, 02667, 670

60, 5253

60, 52254, 3256,079

95, 63493, 9201,332

98, 15895, 9201,839

3.25

3.013.063.313.61

3.003.243.50

2.112.102.70

595

559487

72238

150

13

349331

11184177

71717022

0)14111

574, 69493, 863

248338

1,289809633

98.0198.4973.48

115.6130.896.27

63, 22975, 892

60, 80272, 524

66, 97168

66, 90359, 3897,399

96, 26994, 5371,349

98, 22195, 9851,836

3.24

2.983.053.323.59

3.003.233.48

2.082.102.74

469

41327813449351317

28523843

110107

329290330

1312

0)

303, 614156,037

220304

1,280790652

97.8398.3073.39

116.5132.196.77

51,33261, 626

49, 29858, 610

49, 1090

49, 10942, 9126,174

96,15894, 4311,344

98, 29296, 0601,832

3.18

2.933.013.253.53

2.973.193.38

2.072.042.71

954

875655221601545

(019

366336

20393365281212066

(020152

150, 618200, 194

191286

1,293756734

98.2698.7573.07

115.9131.496.87

51,11359, 745

49, 64057, 821

58, 12330

58, 09352, 1905,858

96, 69994, 9781,338

98,41596, 1831,831

3.19

2.963.033.243.51

2.993.213.36

2.052.072.70

|

951

84461323283

9703

24

350329

15265256

734340

47453

56550

456, 005172, 674

219364

1,315756818

98.8799.3673.75

116.2132.7

2 97. 95

59, 01471, 124

57, 45667, 299

61,6240

61,62455, 6215,918

97, 35595, 625

1,34798, 46696, 2391,827

3.16

2.933.013.203.50

2.973.193.32

2.032.01

2 2. 64

1,097

9257351891631263809

55950256

27625620

119417826260

4034

5

406, 484232, 726

198286

1,312725847

98.8299. 3173.70

116.3131.998.91

61,10472, 093

59, 63269, 663

59, 3230

59, 32353, 3215,933

97,31195, 5831,345

98, 47496, 2491,825

3.16

2.933.003.203.49

2.973.193.31

2. 102.052.57

836

74755319484384605

28725531

3493311751163529290

70680

637, 232120, 022

229378

3651,327

708912

98.6199.1073.69

116.1130.998.32

52, 96462,057

51,43259, 968

62, 0550

62, 05555, 5806,410

95, 96494, 2381,343

97,31595, 0921,823

3.17

2.943.033.203.50

2.983.203.32

2.152.102.61

1,290

1,2341.053

18048341408

35132921

250248

146460

493493

0684124

245, 344266, 630

233461

1,387692

1,126

98.4398.8875.52

116.0130.498.40

51, 5855S, 329

50,21056, 686

62, 2420

62, 24255, 5736,544

100, 27398, 401

1,439101,87199, 5161,905

3.17

2.953.043.193.50

2.993.203.33

2.152.122.61

420

280215

65130119

55

10

1328936

105102

394108522220

1494

211, 533232, 288

233349

1,338675926

98.1498. 5776.12

115.8128.697.09

100, 320101, 867

98, 41699, 742

59, 1360

59, 13652, 7936,269

100, 53798. 656

1,448102, 444100, 091

1.902

3.18

2.943.063.213.51

3.003.203.34

2 282.222.70

456

386288

9863451437

18513153

168165

012120

1818

0)25168

473, 75096,518

210250

1,333692891

97.4697.8776.11

115.7126.696.86

56, 23761,325

54, 11358, 855

61, 1270

61,12753, 6247,395

99, 71297, 8381,447

102,31599, 9631,902

3.19

2.953.073.223.52

3.023.203.36

2 342.332.71

1,034

77551925525192

15739

57944512833121711415131

26251

67595

r 309, 105r 161, 739

257229

1, 316692860

98.0598. 5075.32

114.7125.096.44

76, 95585, 250

74, 89282, 455

69, 08225

69, 05761, 194

7,777

100, 34998, 494

1,430102, 34199, 9931,898

3.22

3.013.083.243.54

3.053.223.39

2 382.422.74

483

403308

954930145

31

269218

2747470

27151251492

4233

6

218, 77324, 226

226265

1,347706878

98.1998.6275.97

115.2125.496.96

73,18383, 953

71, 59981, 988

78, 04226

78, 01671, 6086,341

100, 55198, 621

1,440102, 40599, 9991,896

3.20

2.983.063.243.53

3.053.193.37

2 372.402.71

r Revised. 1 Less than $500,000. 2 Beginning April 1, 1952, series based on taxable bonds due or callable in 12 years and over; prior thereto, 15 years and over.^Revisions for January-March 1951 will be shown later.§fiales and value figures include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included also in computing average price of

all listed bonds.




1951. . . . -

Novem-ber

Decem-ber

1952



FINANCE—Continued

SECURITY MARKETS— Continued

Stocks

Cash dividend payments publicly reported :|Total dividend payments mil. of dol

Finance _ - . _ - - - doManufacturing _ _ _ do ...Mining doPublic utilities:

Communications _ doHeat, light and power do

Railroad doTrade . _ _ ._ ... doMiscellaneous do

Dividend rates, prices, yields, and earnings, 200common stocks (Moody 's):

Dividends per share, annual rate (200 stocks)dollars.-

Industrial (125 stocks) _ _ . do -Public utility (24 stocks) doRailroad (25 stocks) ._ _ _ do .Bank (15 stocks) doInsurance (10 stocks) do

Price per share, end of month (200 stocks) ..doIndustrial (125 stocks) doPublic utility (24 stocks) doRailroad (25 stocks) . ... _ - _ _ ... do-_ -

Yield (200 stocks) -. - .. - -percent _ _Industrial (125 stocks) doPublic utilitv (24 stocks) doRailroad (25 stocks) doBank (15 stocks) __ . _ . _ doInsurance (10 stocks)- - _ _ _ do ..

Farnings per share (at annual rate), quarterly:Industrial (125 stocks) dollarsPublic utilitv (24 stocks) doRailroad (25 "stocks) .. do

Dividend yields, preferred stocks, 11 high-grade(Standard and Poor's Corp.) percent. _

Prices:Dow-Jones & Co., Inc. (65 stocks). dol. per share- _

Industrial (30 stocks) - doPublic utility (15 stocks) _ _ _ _ _ doRailroad (20 stocks) do

Standard and Poor's Corporation:Industrial, public utility, and railroad :§

Combined index (480 stocks) _ _ .1935-39=100. _Industrial total (420 stocks) do

Capital goods (129 stocks) do _Consumers' goods (195 stocks) do

Public utility (40 stocks) do _Railroad (20 stocks) do

Banks N. Y. C. (16 stocks) do .Fire and marine insurance (17 stocks) do _ _

Sales (Securities and Exchange Commission):Total on all registered exchanges:

Alarket value mil of dolShares sold thousands. .

On New York Stock Exchange:Market value mil. of dolShares sold .- _ - thousands. .

Exclusive of odd lot and stopped sales(N. Y. Times) thousands. .

Shares listed, New York Stock Exchange:Market value, all listed shares mil. of dol_-Number of shares listed millions .

243.353.4

113.71. 7

. 749.410.98 25.3

3.924.191.902.582. 632.73

67.8071.4833. 2639.97

5.785.865 716.454.643.47

4.23

94.44259. 6146.2279. 73

177.7193.3182.6164. 6114.7144.2109.0186.3

1,41365, 122

1, 19647, 449

25, 677

106, 3092, 604

1,819.6212. 6

1.134.4152. 1

41.780 969. f>80.947.4

3.884.131.902. 552.642.84

69.9474.2433. 8540.00

5. 555. 565 616.384.453.47

8.092.44

12.94

4.28

96. 73266. 09

46. 7282.30

182. 5199. 1189.4167.fi115. 5150. 5110.2192.0

1,50163, 170

1,27944, 886

30, 083

109, 4842, 616

505. 7107.4169.6

4.7

S3. 453. 217.856. 812.8

3.924.181.902. 552.642.84

70.9075. 0934. 4242. 26

5. 535. 575 526. 034.413.38

4.26

99. 39271.7148.6184.81

186.9204.3192. 4169. 2117.0155. 4115.4197.6

1,92271,188

1.61849, 431

37.141

111,5802. 627

181 442.364.42.3

46 37.1

15.03.3

3.924.181 892.642 642.84

68. 3972. 0034.4141.59

5. 735.815 496. 354.503.41

4.22

98.31265. 1948.8785. 05

183.2199.2184.7165. 9117.5155. 0114.5196. 9

1 59862, 651

1,35142. 296

27. 195

108,4712, 634

1 202 175.9

813. 597.6

25 574 251 639.824.0

3.924.191 912. 652 602.84

71.3575. 6334. 7345. 28

5. 495. 545 505. 854.413.37

6. 682 475. 61

4.16

100.02264. 4849.8089. 55

185. 3201.4184.4167. 2117.7161. 3113.3199.6

1, 45164, 450

1,21943, 464

29,513

113,0992, 644

533 593.0

195. 28.2

89.857 624.153. 911.7

3.944.211.912.652.602.84

68. 2971.7333. 9743.80

5.875 626.054.583.41

4.07

100. 24262. 5549. 1392.19

183. 7199.4180.7166. 3116.7164. 6110.9198.4

1, 64766,676

1,37341,601

28, 963

107, 8482, 661

233 544 8

117.73.4

.848 63.3

10.44.5

3.954.221.912.672. 632.84

69. 9673. 5934. 5745. 49

5.655.735 535.874.573.30

4.04

100. 87261. 6149.2994. 61

183.7199.2181.7166. 1117.1166. 9111.1203.7

1,26259, 431

1, 07743, 060

23, 586

110,6902,691

1 176 479 8

754. 097.6

42 476 255 845.625.0

3.964.221.912.692.642.88

72.6177.0134. 6547.68

5.455.485 515.644.563.18

6 502 495.75

4.04

104. 26268. 3949.81

100. 30

187.6203.9186. 9168.8116.2173.7111. 6211.7

1,28556, 845

1, 09842, 325

25, 516

114,4892,706

541 7127 0198. 5

6 8

88 955 912 438.713 5

3.964 221 912 69•> 642 88

73.4778.0135 0947.97

5.395 415 445 614.523.21

4.09

106. 25276 0449. 86

101 85

192.1209.719^ 7173. 5116. 917 5. 2112.8215. 4

1,31761, 433

1, 12245, 916

24, 115

115, 8252,728

230 850 3

106 13 3

849 1

6 410 44 4

3. 964 221 922 712 642 87

72. 5776. 5236 1547.70

5 465 515 315 684 393.15

4.12

107. 10276 7050. 75

102 95

191.1207 8191. 4174.8118. 6175 3114.7215. 4

1 15441,576

97829,433

20, 905

114, 5062,736

1 158 377 7

754 995 0

42 0

42 447 123 5

3.954 201 922 812 682 87

71.0974 5836 3446 57

5 565 635 286 034 233 18

P fi 35p 0 f,Q

p 7 90

4.12

105. 29272 40

50 30100 43

188.2204 2187. 6172.8118. 5171 1117.6214.5

1 19848, 989

1,01235, 165

24. 135

112,6332, 769

522 799 0

9Q1 Q8 i

88 956 814 940 512 6

3.954 181 9?2 852 682 88

71.0274 3536 ^546 43

5 565 62r on

6 144 293 15

4.16

103. 92267 7749 5999 83

183.4198 4182 61 69. 5117 4166 9120 1215.2

1 31662, 389

1, 12147, 653

25. 981

112,1522,773

248 763 0

113 T2 1

q51 T

2 98 06 8

3.934 171 922 872 662 98

74. 4278 2037 3649 74

5 285 33

4 193 10

4.12

107. 25976 3751 04

103 19

189.8205 5190 2175. 7120 9172 4121 5223 1

1 33156, 903

1 14543. 340

30, 239

117,3632,777'

INTERNATIONAL TRANSACTIONS OF THE UNITED STATES

BALANCE OF PAYMENTS (QUARTERLY)

Exports of goods and services, total mil. of dol..Merchandise adjusted do

Other services do

Imports of goodq and services total doMerchandise adjusted doIncome on foreign investments in U. S doOther services do

Balance on goods and services do

Unilateral transfers (net) total doPrivate doGovernment do

U S long- and short-term capital (net) total doPrivate doGovernment do

Foreign long- and short-term capital (net) do

Increase (— ) or decrease (+) in U. S. gold stockmil of dol

Errors and omissions do

5, 5204,130

670720

3 5932, 645

111837

+1,927

— 1,204— 114

-1,090

— 502— 422-80

+404

— 709

+84

5,3104, 167

422721

3 8552, 962

89804

+1, 455

—916—96

-820

— 375235

-140

+ 173

—555

+218

5,3174,088

454775

3 8672,844

109914

+1, 450

— 1 328-94

-1,234

— 729-519-210

+508

—104

+203

4,6133,407

466740

T 3 8602 690

99r 1 071r +753

— 1 262-86

-1,176

—212—15

-197

+716

+7

r or Revised. f> Preliminary.^Revisions for dividend payments for January-March 1951SNumber of stocks represents number currently used; the c

will be shown later.:hange in the number does not affect the continuity of series.


January 11)53 SURVEY OF CURRENT BUSINESS S-21


1951

Novem- Decem-ber bcr

1952

January Febru- March May June July August Septem-ber October Nov

b

INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued

FOREIGN TRADE

Indexes

Exports of U. S. merchandise:Quantity 1936-38 — 100Value . doUnit value do

Imports for consumption:Quantity doValue doUnit value do

Agricultural products, quantity:Exports, domestic, total:

Unadjusted 1924-29 = 100\djusted do

Total, excluding cotton:Unadjusted doAdjusted do

Imports for consumption:Un ad justed doAdjusted . __ do__

Shipping Weight

Water-borne trade:Exports, incl. reexports^ thous. of long tons_.General imports do

Value

Exports, including reexports, total 1 mil. of dol_.By geographic regions:

Africa - thous. of dolAsia and Oceania do

Northern North America doSouthern North America _ doSouth America do

Total exports by leading countries:Africa:

Egypt - - doUnion of South Africa do

Asia and Oceania:Australia including New Guinea doBritish Malaya _ . - _ _ . _ - _ . _ d o _ _China© doIndia and Pakistan _ . ._ d o _ _Japan doIndonesia doRepublic of the Philippines do

Europe:France doGermany doItaly * doUnion of Soviet Socialist Republics doUnited Kingdom do

North and South America:Canada doLatin-American Republics total do

Argentina . . _ _ _ do _Brazil doChile doColombia doCuba .-- do_-Mexico doVenezuela do

Exports of U. S. merchandise, totall-- mil. of dolBy economic classes:

Crude materials thous of dolCrude foodstuffs doManufactured foodstuffs and beverages do_Semimanufactures 9 doFinished manufactures 9 . . do

By principal commodities:Agricultural products, total do

Cotton, unmanufactured _ _ _ _ _ . _ . d oFruits, vegetables, and preparations doGrains and preparations ... do_Packing-house products doTobacco and manufactures* do

Nonagrieultural products, total doAutomobiles, parts, and accessor ies§cf doChemicals and related products^ _ doCoal and related fuels* doIron and steel-mill products . ... _ . _ d o _ _

Machinery, total §cf- - -~ --do -A grieultural do_ _ _ „Tractors, parts, and accessories§ doElectrically do_ .Metalworklng doOther industrial d*_ ... _. do.

Petroleum and products . „ do.. .Textiles and manufactures do

r Revised. ' Less than $500. JTotal exportsrespectively— 84.1; 59.6; 05.0; 82.0; 96.9; 153.7; 225.9; 1

279565203

135403298

136103

158138

102108

9,4006,899

1,387

46, 390271, 537377 369208, 175155, 995187,113

5, 60918, 897

24, 6735, 1390)

78. 02758, 16612.41232, 579

40, 81247, 48234, 722

096, 012

208, 174327. 355

21. 55871. 07312, 64118, 94948, 99362, 89140, 122

1,377

299, 513109,33973, 422

148, 106746, 421

415, 986165, 77120, 978

119.63424, 72446, 000

960, 81697. 90690. 35861, 36556, 445

214, 3569, 574

24, 40647, 22717,391

103, 476

73, 27869, 960

and variou12.0; 129.2

281586208

131390299

148116

157141

9392

8,3096,322

1, 438

51, 379294, 444439. 696180, 642155, 186205, 633

4, 03321, 503

26, 0265.047

082, 09755, 25112. 60641, 028

48, 34155, 29944, 122

5103, 044

180, 641342, 788

18, 87881, 92419, 34620, 25644, 16863, 50239, 235

1,428

336, 272109, 19569, 724

161, 459751, 674

460, 168213, 16720, 540

115.57427, 65743, 939

968, 15799, 08189, 03052, 26267, 534

237, 95210, 55728, 47749, 00218, 303

118, 798

74, 13772, 721

s com pone159.9; 244

247509206

149446300

129123

157163

121116

8,4737,705

1,252

48, 346223, 430386, 044192, 422136, 435152, 748

7,71822, 166

19,3683,884

069. 62544, 69310, 34323, 045

41, 07963, 15141, 611

578, 569

192, 422274, 314

14, 75057, 90410, 46015, 72239, 86655. 84033, 666

1,240

255, 504128. 09460, 466

137, 139658, 692

377, 196148, 89920, 141

130, 25627, 04825, 886

862, 69877. 98776, 20058, 74762, 802

214, 60310, 81827, 25142, 73119, 764

104, 267

65, 01856, 162

nt items in0; 154.6.

1r>-»-r> f~\

262542207

147440298

125151

164207

120118

7,3466,894

1,335

55, 557258, 238340, 248203, 736151, 888188, 542

5.75717, 524

17,3524,002

078, 82751, 98811, 80025, 543

29, 28347, 13741, 971

275, 810

203, 736323, 981

14, 14375, 32812, 09420, 95749, 42756, 99243, 400

1,322

228, 038130, 21374, 109

139, 260750, 303

378, 434132, 03919, 473

146. 55726, 93623, 684

943, 489101,23478, 66445, 33162, 168

243, 72612, 33229. 74052, 64520, 287

116, 625

64, 20759,900

elude shipBeginnir

279578207

157474302

121143

178213

122110

8,2077,338

1,421

71, 799238, 846373, 171227, 215159, 127200, 362

7,52129, 070

20, 9733,792

066, 81751, 06512, 45525. 275

43, 14240, 80148. 362

287, 006

227, 196343, 583

15, 13874. 78415, 12520, 84348, 69765, 61147,156

1,408

188, 038176. 398

64, 346160, 116819, 341

372, 26394. 19519, 383

183. 53323, 49821, 324

1, 035, 976109. 78880. 85944, 86878, 382

264, 46513. 87234. 68453, 87523. 550

126, 394

70. 89669, 591

ments undg July 19

262544208

154456296

95120

139169

118112

8,2117,673

1.337

58, 616220, 724272. 795242, 089147, 395175,944

10, 32020, 825

17,3623,215

047, 37664, 0359,971

21. 225

34, 34922, 13237. 398

57,632

242, 081306, 026

13. 21165, 57511, 08318. 34944, 03558, 98744, 977

1, 327

157, 558137. 99556, 354

161. 789813, 072

296. 33873, 75218, 261

145. 17616, 30314, 644

1, 030, 429104, 98768, 26643, 12871, 770

238, 86013, 92730. 69851. 15521. 275

111,879

74. 34357, 290

er the Mut50, certain

287595208

142411290

104129

159181

104106

9,4638,061

1.466

50, 757227, 161313, 810264, 760157, 216174, 466

5,01519, 522

14, 4303,240

037, 95178, 11410, 04621, 404

36, 32831, 19148, 8930)

54, 608

264, 698314, 096

13, 39857, 82512, 21821, 23143, 82165, 84344. 537

1,451

157, 579151, 94468, 541

153, 893919, 525

317, 50468, 08422. 242

165, 83314, 66621, 879

1, 133, 978104, 08069, 50348, 51274,883

264, 37414, 54334, 11856, 29923, 302

125. 740

63. 01853,894 1

ual Securititems class

231473205

145418289

81110

121148

107116

8,4508,109

1,164

44, 050185, 46725C, 342249, 278137. 015139, 958

4,41917, 738

11, 5831,714

029, 04056, Oil9,267

25, 780

27, 97727, 71549, 496

341, 522

249. 028259, 504

9,15643, 2318,287

17, 90440, 98356, 10342, 148

1,152

142, 627102, 16558, 618

129, 620719, 150

243, 17355, 74024, 857

107, 31212, 14420, 087

909, 00789, 24865, 07348, 01650, 779

231, 87615, 72827, 68951, 56820, 605

107, 408

70, 07448, 051

y Program>ed as "sp

199411206

143407284

5675

102130

101113

6,970T 7, 688

1,015

34, 408145, 877173. 967210, 072138, 970131, 629

3, 56413, 175

10, 1283,129

018, 20534, 13812, 75623, 020

16, 91720, 14819, 2670)

32, 695

210, 009253, 782

7,73040, 0828,171

18, 17245, 01452, 43538, 451

1,003

87, 04972, 35359, 376

108, 167675, 614

169, 53410, 28720, 63484, 66813, 41421, 070

833. 02569, 85460, 31338, 39829, 866

212, 76413, 39420, 63348, 73120, 025

101, 569

71, 35242, 697

as followsecial categ

214435203

140398283

6573

112112

108117

7, 7697,575

1,072

41,419150,310198, 278219, 462124, 740135, 988

5,56314, 291

7,9222,171

014, 64642, 51510, 76222,317

18, 99136, 32717, 192(0

33, 716

219, 391246, 06116. 56135, 3598,054

20, 58236, 94649, 29135, 387

1,061

114, 75579, 56648, 961

115,362701, 977

186, 08621.04818, 78982, 28414. 36928, 160

874, 53455, 94462, 54944, 54941, 410

204. 49513, 10215.74149, 13720. 25198, 790

64. 26050, 822

(mil. dol.)ory" expo

242495205

151430284

7762

11793

111116

1,217

38, 714147. 406222, 051245, 681123, 657139, 439

6, 74215, 085

12, 2222,900

013, 91440,164

9, 96421, 383

21, 65433. 24918, 607(')

50, 950

245, 671248, 58813, 76129, 78810,41217, 63739. 46346, 18147, 728

1, 207

147,01079, 15750, 460

124, 369806, 082

220,01650, 56916,81889, 23710, 70635, 629

987, 06167, 80960, 72841,33455, 825

197, 1918, 003

14, 54948, 36721, 73695, 390

60, 50250, 630

: Novembrts, althou

239486203

169471279

9370

142113

116119

1,193

43, 993170, 409244, 370256, 153143, 791133, 895

12,36714, 806

16, 6452,712

013, 52654, 7639,984

21,517

26, 92447, 11323, 781

452, 491

256, 137261, 073

11, 24128 99510, 16919, 06945, 51452, 54043, 536

1,185

154, 52397, 08461,091

132, 980739, 036

263, 74561,16621,028

108,28313, 34530, 816

920, 97170, 41261,66435, 40066, 310

214, 1318,201

18,71548, 96924, 906

103, 382

59, 07858, 491

?r 1951 -Octgh include

::::::::::

ober 1952,d in total

exports, are excluded from water-borne trade and from area and country data. ©Including Manchuria beginning January 1952.9 Data for semimanufactures reported as "special category, type 1" are included with finished manufactures.*New series. Data prior to August 1951 will be shown later.§Excludes "special category" exports not shown separately for security reasons.cfData beginning January 1951 have been adjusted to conform to the 1952 revision of the export schedule.




1951

Novem-ber


ary March

1952

April1

May June July August Septem-ber October Novem-

ber

INTERNATIONAL TRANSACTIONS OF THE UNITED STATES— Continued

FOREIGN TRADE— Continued

Value— Continued

General imports totfil thous of dolBy geographic regions:

Africa doAsia and Oceania doEurope doNorthern North America - . do

South America - do . _By leading countries:

Africa:Egvpt do_ _.Union of South Africa do

Asia and Oceania:\ustralia including New Guinea doBritish Mâlaya doChinaO doIndia and Pakistan doJapan doIndonesia doRepublic of the Philippines do

Europe:France doGermany doItaly doUnion of Soviet Socialist Republics doUnited TCingdom do

North and South America:Canada doLatin-American Republics total do

Brazil doChile doColombia - do_Cuba doMexico _ _ - doVenezuela do

Imports for consumption, total doBy economic classes:

Crude materials - doCrude foodstuffs doManufactured foodstuffs and beverages. _ _ doSemimanufactures doFinished manufactures _ _ do

By principal commodities:

Cocoa or cacao beans, incl. shells* doCoffee doHides and skins doRubber, crude, including guayule doSugar doWool and mohair, unmanufactured do

Nonagricultural products, total doFurs and manufactures d o _ _ _Non ferrous ores, metals, and manufactures,

total thous. of dol_.Copper, incl. ore and manufactures,. doTin including ore do

Paper base stocks doNewsprint doPetroleum and products do

818, 544

37, 775146, 718157, 334199, 68888 337

188, 693

81211,078

9,61626, 479

2,71919,13415, 64517, 29715,882

13, 58717, 00312, 3643, 130

40, 318

199, 672260, 008

6 84389.61118, 19734,61131,24427, 15225, 822

827, 181

213,085185,18080, 746

183, 283164, 887

379, 21810,378

127, 0465, 828

54, 48924, 37930, 583

447, 9635, 899

59, 75021,799

4, 15631 , 03347, 95148,415

800, 629

34, 967151.799153,046190, 08593, 283

177, 449

1,0636, 529

22, 48616,9074, 725

19,31714, 23320, 07515, 858

15, 17214,81112, 9792, 251

35, 446

190, 080249, 596

7,91285. 00011,69336. 59613, 32532, 85027,014

800, 223

216, 242187, 55458, 588

183, 533154,304

360,19410,533

138, 8475,154

43, 9977, 566

35, 215440, 029

9,536

65, 18319,859

7,87130, 48344, 79948, 103

921,887

68, 408172. 689176. 237186, 971127 202190,380

16,45311,844

8, 51838, 434

4, 90222. 43717.46629, 70414, 626

20, 35117, 68211,2421.150

39,017

186, 970293, 779

8,29469. 83922, 24642.01130. 57741,28434, 098

914, 588

269. 095193, 714

79, 253204, 964167, 563

436, 83819, 274

134,1475, 493

80, 39325, 74937, 906

477, 7506, 571

65, 58128, 625

2 55233, 47742, 23060, 458

892.033

68. 605182,938 •153, 682177. 268131.474178.065

18. 90710, 052

16,60539. 094

5. 06828. 06914. 52023. 28117,213

15.02016, 00913,019

50631.128

177. 265288, 100

7,30980, 42613, 50233, 95032, 47336. 17730. 222

901,437

270, 459207, 041

75, 511185,931162, 495

439, 19717,071

153,9434,026

73, 82129, 39433, 648

462, 2406, 352

78, 89522, 774

5, 24431,72743, 24653,717

963, 299

76, 649205, 720169, 576195, 583137, 915177, 856

14,17912,833

12,29365, 3144,911

22, 90518,54021.92121 , 284

13,94016,43412,5933.139

39, 961

195,485292, 942

9,94574, 50720, 29228, 32941,92739, 68631,027

971, 397

300, 390194, 06892,714

215, 678168, 547

435, 69820, 992

138,1084, 238

80, 73043, 38233, 850

535, 6998,079

132,38127, 39122, 37029, 32644. 96055, 321

932, 854

56, 085203. 049174. 429189, 792135.787173.712

2, 9738,994

21,91642, 2973, 699

27, 42214,93228, 09816, 624

14,01014, 94912,3712,220

47, 267

189, 682290, 462

10.90066, 86515, 12428, 07147, 53137, 49735, 694

936, 120

293, 547172,61291, 061

206, 379172, 522

408, 33517, 900

115,4856, 223

75, 92741 , 83237,711

527, 7857, 767

129, 09024, 90631,07624, 64945, 58760, 1 56

834, 771

43. 370168, 924149, 273195,517129,294148, 392

2, 3677,809

15,67627,839'2,336

25, 35216,06423, 44522, 348

11,20215, 93610, 679

80543, 422

195, 514257, 240

9, 20848, 21616, 29021,69757, 1 3132, 83632, 936

843, 220

231,668135,926105,828203, 498166, 299

353, 19821,29176, 1284,496

49, 04650, 89331,579

490, 0226, 500

116, 13821,76322, 38425, 569

'44, 48458, 290

860,240

54.123181,317159, 892210. 970107, 033146. 905

7668, 652

10, 45932, 8901,663

22, 87316,98429,12026, 801

13,15915,66112, 5761,611

37, 635

210, 425237, 953

12,17849, 43113,10224, 24640, 43730, 80032,131

857, 259

243, 288149,60394,516

199, 645170, 207

344, 84322, 30382, 6796, 532

52,13243, 65323, 339

512,4167,293

122,11020 85734, 38824, 70350, 93855, 079

836, 043

47, 234157, 056156, 770191,40499, 374

184,204

7, 5488, 275

10,81421,013

1,42425, 29618. 95718. 85625, 973

12.68417,09912.4121 . 508

40, 374

190. 757268. 683

15,10049, 57422, 45333,17636, 73025, 75532, 731

835, 114

213,860149, 360

97,012199, 799175, 083

328, 52210,16195, 442

5, 83232, 55843, 72427, 645

506, 5927,168

126, 29241,98632, 03721,54650, 19153, 913

816, 958

35, 249160, 944147,708183, 40890, 054

199, 595

2,4607, 777

8,77123,100

1,09926, 37417, 98524, 67623, 484

12, 48616,66812, 552

1^24135, 332

. 182,942278, 50811,32863, 14431, 19535, 70442, 34726, 40131,717

815. 445

209, 826144. 48297. 640

201, 379162, 117

337, 1726,871

99, 1245, 298

40. 99944, 52624, 060

478, 2735, 790

109, 01442. 83628. 28223, 71847, 35951, 754

877, 352

30, 281150,032170, 650206, 65285, 695

234, 043

4238, 287

9,30221,632

59024. 23123, 62918,91419, 024

11, 76519,13310, 9981.617

42, 995

205. 855306, 621

16,44188, 89636, 51836, 32437,10925, 98934, 804

882,131

205. 857177, 241102 381220 500176, 152

360, 5986,344

126, 5503,935

30, 99640. 16125, 086

521 , 5334, 924

r 114. 52847, 94023, 34426 39049, 89952, 230

918, 077

35, 033165, 552190, 603219,11286,031

221,746

3236, 858

8, 13819, 941

1.34124,91224, 62922. 75518, 873

15.48323,00117,2511.373

46, 041

218,769287, 196

19, 57476, 73931, 26130, 06624, 44729, 51 132. 964

965, 908

268. 708162, 00689.410

243,517202, 268

371,2572,897

109,5904,869

32,61319,52863, 073

594. 6517, 035

122,91241 , 84830. 69327. 07151 , 00364, 260

TRANSPORTATION AND COMMUNICATIONS

TR AN SPORTATION

Airlines

Operations on scheduled airlines:Mîles flown revenue thousandsExpress and freight carried short tonsExpress and freight ton-miles flown_. thousands __Mail ton-miles flown - doPaêngers carried revenue doPassenger-miles flown, revenue do

Express Operations

Operating revenues thous. of dol .Operating income do

Local Transit Lines

Fares, average cash rate cents..Passengers carried revenue millionsOperating revenues thous of dol

Class I Steam Railways

Freight carloading (A. A. R.):cTTotal cars ._ ... .thousands..

Coal doCoke .- doForest products . . _ _ . doGrain and grain products doLivestock _ __ doOre doMerchandise, 1 c. 1 doMiscellaneous. . do

30, 29017, 78311,4925,9931,664

812, 028

18, 72565

10. 70321,068

127, 800

3, 15564266

175210

51202285

1, 524

30, 97319,12112, 4447, 9661,571

834, 298

22, 74644

10. 82241,099

139, 200

3, 52276082

19824046

118331

1,747

32, 22118, 48411,9115,8711,576

T 852, 723

20, 14377

10. 88081,072

128, 500

2,82862766

1651973470

2631,405

30, 89616, 26911, 734

5, 6881, 520

799, 871

20, 06197

11.05601,006

123,900

2,88658765

1721953376

2941, 463

33, 36319,14213, 039

5, 6811,733

926, 746

20, 09046

11.08521,062

126, 500

3, 624686

7921823437

105377

1,888

33, 88719, 24712, 887

5, 6491,889

994, 729

19, 98219

11.19221,053

129, 400

2,912498

5317516236

211297

1,480

32, 27417,81511,442

5, 5271,831

973, 389

19, 958*5

11.25791,050

128, 300

3, 67760768

201204

42403350

1,803

34, 05818,34111, 700

5, 1092, 062

1,116,764

19, 5922

11.3820962

118, 000

2, 608478

22179232

2696

2781,298

36, 475

11,6125,1152,012

1,081,742

19, 505d4

11.4477921

117,300

2, 236317

15170255

2444

2571, 155

36, 612

12, 4755, 2012,140

1,142,731

19, 7930)

11.7810919

121, 800

3,88261358

24326342

447364

1, 852

35, 566

13, 7205,2252,128

1,121,868

20, 56156

11.9148975

119, 000

3,363636

5717918749

387289

1,579

36,213

1 5. H265. 7312. 1 r.3

1,119,674

20, 9017

11.94651. 048

133, 500

3,29443958

17822166

357302

1,673

12. 1776964

4,001713

74225253

67371360

1,938r Revised. d Deficit. 1 Less than $500. ©Including Manchuria beginning January 1952. *New series. Data prior to August 1951 will be shown later.d1Data for December 1951 and March, May, August, and November 1952 are for 5 weeks; other months, 4 weeks.


January 1953 SURVEY OF CURRENT BUSINESS S--23


1951

Novem-ber

1952



TRANSPORTATION AND COMMUNICATIONS—Continued

TRANSPORTATION— Continued

Class I Steam Railways— Continued

Freight carloadings (Federal Reserve indexes i :Total unadjusted 1935-39—100

Coal doCoke - doForest products _ _ doGrain and grain products doLivestock doOre - doMerchandise 1 c 1 doMiscellaneous do _

Total adjusted _ doCoal doCoke doForest products do _Grain and grain products _ _ d o _ _Livestock doOre . -- - --- - doMerchandise 1 c 1 doMiscellaneous - do

Freight-car surplus and shortage, daily average:Car surplus total number..

Boxcars _ _ .. do _Gondola s and open hoppers do

Car shortage, total .- -. . ._ do _ _Box cars doGondolas and open hoppers do

Financial operations:Operating revenues total thous of dol

Freight - - - doPassenger do

Tax accruals, joint facility and equipment rentsthous of dol

Net railway operating income doNet income^ - - - - do

Operating results:Freight carried 1 mile mil of ton-miles

P ' 1 1 rnile" reveniip millions

Waterway Traffic

Clearances, vessels in foreign trade :§Total U S ports thous of net tons

TT f- r\ CM- t do

Panama Canal:Total thous. of long tons

In United States vessels do

Travel

Hotels:Average sale per occupied room dollarsRooms occupied _ _ . percent of total .Restaurant sales index same month 1929=100--

Foreign travel:

V S citizens departurescf do

T ' ' 1 doPassports issued - do

National parks visitors thousandsPullman Co.:

Revenue passenger-miles millionsPassenger revenues thous of dol

COMMUNICATION S

Telephone carriers:©Operating revenues thous of dol

Station revenues doTolls message do

Operating expenses before taxes doNet operating income doPhones in service end of month thousands

Telegraph, cable, and radiotelegraph carriers:Wire-telegraph:

Operating revenues thous of dolOperating expenses, incl. depreciation doNet operating revenues do

Ocean-cable:Operating revenues doOperating expenses incl depreciation doNet operating revenues do

Radiotelegraph:

Operating expenses incl depreciation doNet operating revenues do

14014021814915688

17447

149

13714021815215970

18046

144

3,375203

48,5862,4595,311

903, 864743, 29671,795

672, 482

136 37395, 00868, 058

56, 7401 3692 697

9 3435 4703 873

2,571907

6.8377

243

51,31544, 0841 606

28, 34718, 364

353

7889,579

334, 449196, 380113,990

235, 78539, 64740, 451

16, 12014, 679

720

2, 2351 669

378

2 5322,036

388

123127216128135657343

134

13312720614414368

23544

142

7, 8551,456

2983,8891,2012, 336

902, 695689, 29888, 238

649, 044

118 479135,172150, 661

52, 6641 3723 354

8 1974 6903 508

2,9151,205

6.1865

218

53, 58752, 1881 628

26, 50117, 592

216

7809,531

341,381199, 422117, 526

242, 79340, 85540, 679

17, 42315, 5481,317

2,4481 730

517

2 7262, 156

495

128133214139146646444

138

14113320315514667

25646

151

11,2553,3961,8593,9061,4302,014

867, 034712,90682, 343

685, 369

115 59866, 06741,364

54, 7001.3673 089

8 3484 6883 660

2,6371,004

6.3777

242

50, 85754, 5371 661

24, 86227, 374

232

98512, 072

339, 151198, 907115, 814

240, 03039, 07740, 127

16, 78915, 191

717

2,1991 752

236

2 6692, 099

443

126120203140137

576947

140

13612019214614072

27749

149

8,1851,0122,0843,9921,7471,550

844, 966704, 301

73, 470649, 687

119,38575, 89549, 244

54, 0891.3702 697

7,8374 6963 141

2,6191,011

6.3979

240

61, 68271, 3701,417

19, 20531, 638

299

88610, 808

332, 063196, 952110, 319

231, 91439, 70240, 314

15, 87514, 328

716

2,1141, 733

192

2, 5102,013

372

124111198141128537548

142

13311119614113966

25747

149

9,2642,1611,5162,621

845993

875, 471729, 28674, 077

675, 135

123, 69776, 63950, 239

55, 9491.3722,759

8,8395 3893 449

3,1151,130

6.2477

225

65, 24968, 5991,439

23, 89744, 164

346

86710, 655

345, 353202, 195118, 143

238, 95442, 43740, 516

16, 80114, 9231,016

2,2371, 759

274

2,5922, 094

388

12310316314211565

19547

139

12610316614213073

21246

141

17, 1004,1083,3391,874

365857

847, 478702, 14571,906

667, 433

107, 73272, 31345, 341

52, 1471.4122 684

3,0391,035

6.7479

251

61, 61072, 2091,518

20, 43148, 658

559

7629,343

343, 596203, 861114, 762

234, 87343, 62740, 662

7,23310, 243

d 3, 698

2,1551,702

251

2,4332,066

252

12410117813111659

29245

138

12210117912613266

21245

137

24, 36311,153

2, 5542,296

704959

870, 315720, 138

75, 955676, 418

110 92782, 97054, 342

54, 5571.3932 802

2,9791,188

6.2078

266

58, 89379, 9671,704

18, 89851, 5281,075

7639,446

352, 525205, 171121, 895

248, 66741, 23840, 847

10, 38412, 894

d S, 247

2,2501 7^2

270

2,5462, 156

271

1119668

144165458244

122

1089669

139161565344

119

28, 13614, 6696,3722,9331,865

717

814, 338663, 86981,702

645, 934

100 52967, 87548, 988

47, 2931 4753 065

2,9481,256

6.7079

260

76, 484109, 740

1,74418, 36145, 330

2, 455

80910, 145

351,732206, 102119, 781

245, 86242, 23840, 966

15, 83914, 544

474

2,0811,766

105

2,5172,056

340

1047556

147183457343

116

1027557

146153564643

115

40, 3117,477

26, 6422,0701,490

448

790, 718644, 79280, 482

634, 398

95 35760, 96335, 469

44, 8171 5243 076

2,649762

6.3972

237

88 798111,036

34, 1504, 008

C828, 618

351,597204, 358120, 635

258, 74337, 14041, 105

15, 84715, 101

d 47

2,1641,880

60

2 5852,084

388

12910115415714561

32346

141

12510116014913465

21646

140

17, 4182,1147,8886,1562,4483,429

899, 734744, 84180, 548

663, 360

131, 334104, 93978, 155

56, 9491. 3773 133

2,511909

7.1576

255

29, 3614,270

7169,074

354, 143205,144122, 471

252, 77141,07741, 255

15, 63314, 883

t%2

2,1011 798

91

2 3852,038

246

14513518715113893

35248

155

134135189140123

7023545

144

5,693331113

12, 0283,8227, 691

942, 139796, 01070, 581

674, 577

146 650120, 91394, 456

58, 2131.4302,696

2,8881,148

6.9178

251

25, 0621,603

7189,113

357, 925210, 387120,911

255, 48040, 87841,419

17, 25115, 534

974

2,3771 779

383

2,4612,090

259

13893

18514615711731448

158

12793

18813915776

21146

145

8,91425

6, 99614,194

8, 2355,169

985 215838, 101

60, 027707, 483

157 064120, 66990, 073

58, 0661 5032 481

3,2611,236

7.1383

259

21 , 497982

7179, 064

13812319514914495

25847

150

13412319515214776

23346

144

5,29433

2, 0307, 0754, 2532,472

2, 8661,077

7.1772

241

17, 109375

r Revised. d Deficit. iRevised data for October 1951, $101,831,000.§Beginning July 1951, data exclude vessels under time or voyage chaiter to Military Sea Transportation Service.cfData exclude arrivals and departures via international land borders; land-border departures during the 12 months ended June 1950 amounted to less than 1 percent of total departures.OData relate to continental United States. Beginning January 1952, data exclude reports from several companies previously covered and include figures for some not included in earlier

data.


S-24 SUKYEY OF CUKEENT BUSINESS January 1033

Unless other-wise stated, statistics through1950 and descriptive notes are shown in the1951 Statistical Supplement to the Survey

19

Novem-ber

11

Decem-ber January F ' March April May

1952


ber

CHEMICALS AND ALLIED PRODUCTS

CHEMICALS

Inorganic chemicals, production :JAmmonia, synthetic anhydrous (commercial)

short tons__Calcium ar^enate (commercial) _ _ do_ .;Calcium carbide (commercial) doCarbon dioxide, liquid, gas, and solid G doChlorine gas doHvdrochloric acid (100% HC1) doLead arsenate (acid and basic) doNitric acid (100% UNO1?) doOxygen (high purity) mil. of cu. ftPhosphoric acid (50% TfsPOi) short tonsSoda ash, ammonia-soda process (98-100%.

Na2COs) short tonsSodium bichromate and chromate doSodium hydroxide (100% NaOH) doSodium silicate, soluble silicate glass (anhy-

drous) short ton5?Sodium sulfate, Glauber's salt and crude salt

cake short tonsSulfuric acid (100% H2SO4):

Production doPrice, wholesale, 66°, tanks, at works

dol. per short ton.Organic chemicals:

Acetic acid (synthetic and natural), productionthous of Ib

\cetic anhydride production do\cetvlsalicylic acid (aspirin) production doAlcohol, ethyl:

Production thous. of proof gal .Stocks total _ _ .. _. - - do

In industrial alcohol bonded warehousesthous. of proof gal...

In denaturing plants ooUsed for denaturation f doWithdrawn tax-paid do

Alcohol, denatured:Production thous. of wine pal..Consumption (withdrawals) _ _ - _ _ doStocks . -_ do

Fthvl acetate (85%) production thous of IbGlycerin, refined (100% basis):

High gravity and yellow distilled:Production thous of IbConsumption _ _ _ _ . _ doStocks do .-

Chemically pure:Production - doConsumption doStocks - - - - -do--

Methanol, production:Natural (100%) thous. of galSynthetic (100°O do

Phthalic anhydride production thous of Ib

FERTILIZERS

Consumption (14 States) § thous. of short tonsFx ports total short tons

Phosphate materials doPotash materials do

Imports total - - do.Nitro(renous materials total do

Nitrate of soda doPhosphate materials - doPotash materials do

Price, wholesale, nitrate of soda, crude, f. o. b. cars,port warehouses - - dol. per short ton.

Potash deliveries short tons.Superphosphate (bulk) :

Production doStocks end of month do

NAVAL STORES

Rosin (guru and wood):Production quarterly total drums (520 Ib.)Stocks end of Quarter doPrice, gum, wholesale, "WG" grade (N.Y.), bulk

dol. per 1001b._Turpentine (gum and wood):

Production, quarterly total bbl. (50 gal.)- _Stocks end of Quarter doPrice, gum, wholesale (N.Y.) dol. per gal._

r 155, 8690)

69, 73042,154

r 219 981r 60. 472

r436r 133 096

T 1, 944151,361

389, 487r 10 305

r 269. 926r 45 268r 75, 289

'1.133,646

20.00

35, 26271, 7981 046

40, 47791, 184

61, 83029, 28045, 7393,179

24, 42524, 196

7,47712 3018 144

5 1295,677

15, 623

11, 0787,305

26, 884

17516 50319 926

742220. 305

27 772130, 159

6,772

155, 601105, 87736 395

9,21028, 131

57.00119, 074

954, 6511 163 9X2

< 9 . 4 0

4 .80

r 160, 8590)

69, 09541,033

r 229, 681r 59, 055

1,456r 135 206

r 1, 940r 151, 099

374, 204r 10 030

r 275, 845r43 192

69. 639

1,181,247

20.00

34, 87467, 032

952

39, 82589, 361

59, 29630, 06442, 0612,399

22, 45821, 9578,340

11 2933 887

4 8495,087

15, 284

9.6816,407

25, 483

11517 22420 694

604209, 75427 632

145, 5465, 433

173, 298101, 457

41, 7X019, 35844, 934

57.00121, 535

893, 6391 251 797

507. 60074H 700

4 9. 40

167, 540197. 630

* .80

158, 8480)

72. 17844. 062

230, 27160. 191

1,985140 976

2,019151,922

367. 38011,224

263, 320

45 705

72, 078

1.165.356

20.00

37. 71159, 3581,185

42, 25494, 442

58, 66035, 78248, 9171,993

26, 10624, 76810, 47810 6354 359

6,1925, 798

16,219

11, 5297,976

26, 582

19214, 22618 844

1,152201, 55220, 560

154, 7619,056

219, 807152, 13754. 6518,588

49. 833

57.00114, 903

966, 0241. 293. 588

9.65

.86

151,632(0

67, 78845, 807

215. 57057. 966

1. 550128 978

2.008151.684

337, 7109. 722

247. 734

43 599

67, 363

1,131,289

20.00

30. 26145. 8871.073

42, 42194, 566

58, 89135. 67544, 935

1,788

24, 06021, 38813, 60811 5594 160

5. 6475.521

17, 447

11,1137,219

26, 685

17313, 75619 462

1.348214, 99128. 775

161. 5707.619

255. 151165. 806

72, X1417. 75155, 022

57.00123, 582

1. 033. 4491.217,295

9.35

.76

172, 0990)

67, 97447, 307

229, 47258, 868

1, 520144 696

2, 156168, 272

372, 5298,590

271, 996

46, 852

73. 973

1.174,836

20.00

29, 13842, 7111,178

41, 12995, 361

54, 93740, 42540, 9391,861

21, 92421, 50114,03713 5465 470

6,7455,617

18, 104

11, 7047,398

28, 107

18513, 95121 519

1,827191, 26110, 802

163, 5537,469

257, 090186, 62259, 96021, 60627, 731

57.00140, 625

1, 101, 4541. 046, 710

392, 400722, 580

1 8.70

i 127, 940194. 450

.66

177,0590)

60, 60153. 756

221, 16953, 129

763137, 924

1,954172, 135

363, 5796,428

258, 521

36. 794

65, 646

1,115.602

20.00

26. 38027, 5911,247

33, 85797, 550

55. 59241, 95934, 108

1,755

18,36820, 28412, 09314, 4014 419

6,7706.385

17,578

12, 5287,040

29, 435

15813, 49821.348

1,819204. 452

15, 296173. 431

6.147

173, 16396, 73218, 70617, 51026. 981

57.00125, 600

1, 137. 270897. 818

8. 55

.61

165. 105442

58. 38063. 579

214, 12850, 669

279128. 065

1,941173,334

358, 4486.745

250. 564

38, 565

67, 031

1, 109.076

20.00

26, 53531, 5361,109

26, 06282. 344

51, 94930, 39530, 539

1,395

16, 48119, 9848,555

13. 2934 204

7,5386, 239

17.013

7,1787,015

28, 382

20113, 11121.263

1,167207, 94315.353

176, 6497,887

202, 037147. 26333,9156,832

12, 488

57.00157, 711

1,074,7221.01*. 0X1

8.55

i .60

160, 034630

56, 07472, 417

200, 16948, 851

150122, 670

1.131153,497

334, 4495, 656

230, 883

41, 194

65, 838

1, 007, 709

20.00

27. 98051, 944

957

32, 92274, 420

50, 58423, 83733, 1021,447

17, 86818, 0188, 0557,0775, 873

7,0996,374

14, 427

5,4287,008

24, 507

17511,88119, 225

530136, 743

7,652117, 254

7,227

208, 013151, 44890, 51714, 69823, 258

57.00127, 810

941, 3301,238,946

8.50

.63

167.574704

52.238 ,80, 662

194. 28549. 28201

118.3401.046

153. 609

336. 3273. 722

224. 462

34, 403

58. 999

968, 467

20.00

34, 25665, 963

845

39, 29277, 437

47, 61029, 82735, 3972,052

19, 03917, 4689,1006,5094 152

5,8556,003

13, 553

6,2376,628

21, 684

19511, 89018, 955

2389203, 64324, 643

164, 3577,015

141, 032100, 67437, 0157,318

21, 293

57.00113, 167

926, 6571,366,549

8.35

.62

173.3260)

45, 81279. 391

207, 96454, 462(i)

128 8861.862

1 79. 200

370. 8775.882

242, 721

35 521

66, 516

1,066,592

20.00

32. 97970. 859

823

32, 98482, 661

47, 42035, 24128, 5771,629

15, 43718, 2617,158

12, 5478,813

6,5116,538

12, 246

9,0357,536

19, 080

17912, 05916 462

2380208, 59319, 939

170, 2157,227

169, 119122, 14650, 8658,166

27, 336

57.00122, 979

957 4181 424,214

8.35

.60

171, 7210)

47, 947r 65, 370209, 966r 57, 334

(i)134 588

2,023r 185, 295

349, 218r 7 001

r 242, 700

44 948

68, 913rl ,079,457

20.00

32 78174, 404

807

36, 43987, 430

48, 43039, 00031, 2492,057

16, 98716, 7997,326

12, 5387,984

7,2796,975

12, 066

10, 0407,991

17, 173

23411,14317, 954

2 599171, 68328, 068

124, 0845,893

236, 462171, 63460,9056,460

33, 020

57.00149, 678

929, 3131,405,661

3 948, 760904 650

8.703 331, 000

214, 640.62

184, 3190)

56, 31555, 294

227, 97061, 6460)

140 8662, 251

206, 333

405, 7788, 355

260, 742

59 997

75, 221

1, 164, 427

20.00

35, 83985, 838

46, 41939,41935,1722,058

19, 22619,1667,347

7,6028,101

11, 447

11, 1478,886

16, 211

194

'2559246, 357

7,955223, 35012, 602

220, 823165,10269, 84210, 85630, 821

57.00139, 778

1,048,2731. 402 598

1

; 8.50

.62

20.00

31 55281,702

42, 2X139, 42134, 280

2,101

19, 61 \18, 4288, 548

2572

57.00119,040

8.50

.62T Revised. l Not available for publication. 2 Total for 12 States; excludes data for both Virginia and Kentucky (effective July 1952, Kentucky will

below for Quarterly data for Virginia). 3 Total for April-September. 4 Savannah price. January 1952 quotation (Savannah) for rosin, $9.40; for turJRevised data for January-October 1950 and 1951 are available upon request.QData beginning January 1951 exclude amounts produced and consumed in the same plants manufacturing soda ash.fRevised series. Data shown prior to the November 1951 SURVEY represent alcohol withdrawn for denaturation.§Figures exclude data for Virginia; effective January 1951, this State reports quarterly. Data for Virginia (thous. short tons): 1951— January-March, 312; April-June,

91; October-December, 111; 1952—January-March, 322; April-June, 331; July-September, 90.

report semiannually; see note "§"•pentine, $0.80.

18; July-September,,




1951

Novem-ber

Decem-ber

1952



CHEMICALS AND ALLIED PRODUCTS—Continued

MISCELLANEOUS

Explosives (industrial), shipments:Black blasting powder thous. of lb__High explosives _ do

Sulfur:Production _ _ _long tonsStocks . do _ _ -

FATS, OILS, OILSEEDS, ANDBYPRODUCTS

Animal fats, greases, and oils:JAnimal fats:

Production thous. of lb__Consumption, factory do _ -Stocks, end of month do

Greases:Production doConsumption, factory do -Stocks, end of month do

Fish oils:Production doConsumption, factory doStocks, end of month d71 _ . _ __ _ do_ .

Vegetable oils, oilseeds, and byproducts:^Vegetable oils, total:

Production, crude _ mil. of IbConsumption, crude, factory _ _ do_ _Stocks, end of month:

Crudecf - do. _Refined _ do

Exports thous of IbImports, total do

Paint oils ._ _ __ _ _ do _ _All other vegetable oils _ do

Copra:Consumption, factory _ short tonsStocks, end of month ._ do_ _Imports do

Coconut or copra oil:Production:

Crude thous. of lb__Refined _ do

Consumption, factory:Crude __ __ _ doRefined do

Stocks, end of month:Crude of doRefined __ _ _ _ _ _ _ do

Imports doCottonseed:

Receipts at mills thous of short tonsConsumption (crush) _ _ d o _ _ _Stocks at mills, end of month do

Cottonseed cake and meal:Production short tonsStocks at mills, end of month. __ __ _ _ d o _

Cottonseed oil, crude:Production thous. of IbStocks end of month _ do

Cottonseed oil, refined:Production _ __ doConsumption factory do

In oleomargarine __ doStocks, end of month _ _ _ _ _ _ do _Price, wholesale, drums (N. Y.)*-.dol. per l b _ _

Flaxseed:Production (crop estimate) § _thous. of buOil mills:

Consumption doStocks, end of month do

Price, wholesale, No. 1 (Minn.) dol. per b u _ _Linseed oil, raw:

Production thous. of IbConsumption, factory doStocks at factory, end of month doPrice, wholesale ( N Y ) dol. per Ib

Soybeans:Production (crop estimate)§ thous. of bu_C on sumption, factory doStocks, end of month _ _ _ _ d o _

Soybean oil:Production:

Crude thous. of IbRefined do _ _

Consumption, factory, refined doStocks, end of month:

Crude _ _ _ _ doRefined _ _ _ d o _ _ _

Price, wholesale, refined (N. Y.)___dol. per l b _ _ _

1,59162, 244

418, 6552, 805, 902

378, 755112, 690269, 893

58,01342, 855

104, 574

2,29711,477

102, 999

604484

1,206364

58, 61836, 4913.989

32, 502

35, 77421,06331, 787

44, 97626, 578

39,71022, 459

84, 5288,342

12, 745

1 033776

1,966

361, 94960, 316

244, 053184, 843

186, 793122, 10035, 858

225, 137.218

2,8546,8314.40

54, 98146, 173

642, 236.209

23, 05368, 062

224 983136, 668136, 660

164, 62773, 602

.190

1,16453, 297

435, 8282, 837, 432

398, 61996, 644

303, 436

56, 65942, 189

100, 465

2,3059, 089

96, 437

552478

1,254445

68, 10135,813

44235, 371

28, 85921, 54641,011

36, 92922, 714

36,15920, 254

92, 0738,8399,718

r617653

1,931

303, 84155, 430

206, 005186, 292

182, 865118, 57835, 335

292, 881.213

2 34, 696

2,5817,0984.56

52, 12042, 363

656, 147.212

2 282, 47723 21761, 852

221 798149, 822134, 518

197, 47183, 920

.179

1,35555, 512

433, 8712, 851, 214

417, 530121, 909327, 037

58,91945, 248

103, 801

9009,840

82, 084

584529

1,279504

39,91339, 3321,886

37, 446

29, 80727, 49234 681

37, 49231, 625

47, 69827, 486

82, 2799,8637,173

322688

1,515

319, 88456, 737

218, 547188, 644

185, 037135, 22644, 497

i 336, 814.203

2,2986,4074.54

46, 85740, 462

652, 657.210

24, 04650, 901

234, 386179, 073159, 187

230, 95097, 092

.165

1,19359, 669

412, 4812, 883, 571

388, 109121,614329, 625

58, 21742,173

105, 938

1698,578

73, 295

522509

1,287556

58, 89924, 8782,050

22, 827

30, 47625, 20236, 287

38, 13227, 987

42, 36425, 099

82, 1439,1031,767

163545

1,180

253, 20856, 176

176, 041174, 795

164, 076117, 87035, 623

1 383, 410.220

2,2435,5474.23

44, 02041, 734

659, 688.195

22, 45749, 430

222 247180, 626168, 379

240, 510103, 120

.155

84257, 659

445, 0142, 850, 666

365, 093119, 944325, 955

52,11440, 075

100, 536

2989,429

73, 055

483482

1,275589

61, 39524, 5962,563

22, 032

26, 36720, 92325, 848

33,17630, 494

45, 22226, 727

81,3879,0133,731

55433802

201, 18247, 336

143, 727162, 209

136, 955107, 39928, 019

1 413, 893.190

2,1964,4304.16

45, 70743, 661

659, 383.186

21, 54042, 708

218, 381183, 469164, 911

245, 027109, 459

.150

70661, 905

454, 9602, 808, 368

349, 058117, 906329, 408

50, 35737, 913

105, 411

5,1419,451

68, 538

430487

1,202632

58, 56131,0674,389

26, 678

32, 79411, 95223, 608

41, 62631,011

48, 03728, 085

79, 8698,9617,921

22306518

146, 19146, 396

106, 633129, 093

123, 723106, 10828, 523

1 434, 758.180

1,8973,6083.93

38, 95344, 651

646, 589.176

20, 12932, 307

204, 138198, 641171,062

224, 072130, 234

.148

55663, 111

460, 0582, 827, 506

321, 630114, 807336, 784

49, 98236, 701

111 895

11,0609,758

66, 640

382442

1,123624

49,81528, 638

2,04926, 590

23, 06811,26721 892

29, 56432, 465

48,31528, 306

67, 2858,8997,522

14218315

101, 13357, 870

72, 08296, 917

100, 080109, 36928, 784

1 432, 620.180

2,0833,4403.96

41 64743, 685

638, 021178

19 68228, 493

199 002181, 249171, 244

197, 473126, 720

.144

48957, 251

443,0172, 902, 335

305, 335115, 548367 590

49 48631, 969

115 580

12 74810, 17469, 931

343410

1,054572

32 67430, 9355,051

25, 884

16, 0514,061

16 456

21,48627, 765

43, 43626, 131

56, 7077,5969,777

14153176

69, 83858, 946

52, 82258, 602

79, 578113, 26028, 764

1 401, 400.185

2,1723,0594.00

44 01543, 565

637 975* 155

18 61730, 838

189 977177, 198188 112

185 122111, 280

.174

58651, 315

477, 9392, 982, 331

290, 08895, 111

377, 329

44 93231, 098

118 495

22 6318,331

84, 479

305361

1,017536

30 91135, 4785,447

30, 031

18, 02811, 97421 390

22, 63226, 745

41,11923, 431

49, 6997,578

15,089

78117137

55, 74645, 104

41, 14341, 077

54, 02390, 15017, 070

1361,320.205

1,5803,3464.02

31 86045, 899

634, 4744 150

17 53922, 339

179 498162, 158142 825

180 130116, 618

.174

76462, 515

447, 4813, 047, 591

286, 050114, 199339 625

46 04035 164

113 738

22 6839 919

88, 854

354394

952498

41 33135 1715 177

29 993

37 66513 57029 563

47, 69236 466

51 83630 364

50 7188 730

12 237

398148386

70 05947 876

44 7(5838 375

42 28592 72723 978

1 318 006.205

2,2953 7944.17

46 90454 981

622 3504 152

17 5499 071

178 795175 008154 982

136 414124 222

.170

1,01066, 177

428, 8103, 081, 284

290, 840110, 119329 643

43 60037, 100

107 634

13 40711, 76389, 990

433413

962438

27 99132 9222,153

30 769

32, 55010, 07023 507

41, 09638 003

56, 54534 112

46 9747,616

10 137

1 170'521

1 035

248 66081, 857

156 459103 809

71 655103 26232 434

*288 212.191

2,3035 4614.17

46 70251 841

616 5374 156

14 96911 632

155 632166 542187 729

98 28796 020

.156

1,18466 6?1

430 8113,064 952

r 358, 024128 965296 004

54 83844 866

1 01 1 9

9 9RS15 957

103 115

697

566

1 050

qc I Qn

3 f\i\4

35 22816 5914Q KOQ

45, 42541 035

61 32335 858

42 4658 334

14 152

r 1 757r 782

2 010

379 384115,114

249 604162 946

173 856119 86729 238

1 343 165.191

2,9036 1544.08

58 017r 53' gQ8

r f>22 0794' i ^ii

00 eA>7

r 05 49Q

238 300199 066210 621

124 62975 677

.151

1,01659 840

436 1433, 053, 843

366, 547104 045327 150

55 43434 533

107 530

5 74314 97592 801

592532

1,095578

30 26212, 324

38, 62231 423

47 506°6 344

45 9158 415

1 097719

2 388

348 802144 420

231 827187 933

190 22286 58694 707

i 445 493.192

3 31 002

2,6995 6214.10

54 62047 674

626 6114 150

3 291, 68222 03789 700

231 017173 576171 950

139 60273 545

.161r Revised. i Includes stocks owned by Commodity [Credit Corporation. 2 Revised estimate. 3 December 1 estimate. < Minneapolis price; comparable data for May 1952,5$0.155.^Revisions for 1950 and for January-September 1951 for production, consumption, and stocks will be shown later.cf Beginning with September 1950, data included for sperm oil, crude palm, castor, and coconut oil are on a commercial stocks basis.*New series. Compiled by the U. S. Department of Labor, Bureau of Labor Statistics. Data prior to February 1951 will be shown later.§Revisions for fiaxseed (1946-49) and soybeans (1944-49) appear in corresponding note in the September 1952 SURVEY.



Unless otherwise stated, statistics through 9

1950 and descriptive notes are shown in the I XT1951 Statistical Supplement to the Survey \ N°^J1~ Decem-

ber

1952

January ~ March April May June July August Septem-ber October Novem-

ber

CHEMICALS AND ALLIED PRODUCTS—Continued

FATS, OILS, ETC.— Continued

Vegetable oils, oilseeds, etc. — ContinuedOleomargarine:

Production thous.oflbStocks (factory and warehouse) doPrice, wholesale, vegetable, colored, delivered

(eastern U. S.)* dol. per IbShortenings and compounds:

Production thous.oflbStocks, end of month _. - do.

PAINTS, VARNISH, AND LACQUER f

Factory shipments, total thous. of dolIndustrial sales _ -do _ .Trade sales do

SYNTHETIC PLASTICS AND RESINMATERIALS

Production:Cellulose acetate and mixed ester plastics:

Sheets, rods, arid tubes thous. of IbMolding and extrusion materials do.

Nitrocellulose, sheets, rods, and tubes.. -doOther cellulose plastics _do_-

Phenolic and other tar acid resins doPolystyrene. _ _ _ __ _ _ _ d o . _ .Urea and melamine resins _ _ _ _ - d o _ _Vinvl resins § do

Alkvd resins § do.Rosin modifications _ __ _ doMiscellaneous resins § __do_ _

94 97917, 704

.290

131, 72193, 110

1,7133,382

508796

35, 85928, 62014, 34340, 59626, 0486,883

14, 920

96 24018, 830

.289

116, 509101, 441

80, 796

2, 5262,894

467507

28, 97026, 46712, 96142, 02924, 9296,729

15, 169

128 14517, 485

.289

128, 31394, 405

113,44542, 03171,414

2, 9574,243

521734

31, 65227, 39516, 00543, 44628,6166,592

15. 860

114 05124 951

259

131,04091, 890

106, 38641, 60864, 778

1, 9424,178

508792

28,73126, 51814,93339, 24528, 0147,855

13, 163

96 76221 655

259

128, 91289, 120

110,93841, 59469, 344

1,8414, 380

479784

28, 26225, 95115, 45939, 20828, 300

7,50216, 586

101 13622 419

253

127 37593, 408

124, 67044, 28780 383

1,8804,985

527683

24, 13124, 96714, 23335, 95528, 418

7, 39617, 122

100 70915 839

249

138 69283, 228

126, 76844, 62082 148

1,7704,122

485657

24, 00923, 95914, 95531 89729, 3268,030

17, 341

104 04026 837

266

142 74981 922

122 57140 75781 814

1 7133,805

453400

24, 82726, 41315, 31229 35728, 5077,882

17, 467

68 69523' 807

271

112 62488 436

111 09336 80874 285

2 0134 504

377442

20 98126, 25911 18928 75624' 34?

7, 33714, 368

86 564is' 584

969

125 11492* 559

113 98240 97472 308

1 9984,866

439404

26, 85022, 007Ifi 66929 58225 692

7,57217, 868

125 69418 615

i 281

140 17174 126

117 83144 2627^ 569

2 2236 109

581303

30 97827, 48416 94232 76431 224

9 47518, 078

123 40323 362

r 1 284

178 05786 653

119 94348' 4S671 457

105 4802l' 694

i 284

126 62293 678

ELECTRIC POWER AND GAS

ELECTRIC POWER J

Production (utility and industrial), totalmil. of kw.-hr__

Electric utilities total doBy fuels doBy water power doPrivately and municipally owned utilities

mil. of kw.-hr...Other producers do

Industrial establishments, total doBy fuels doBy water power do

Sales to ultimate customers, total (Edison ElectricInstitute) mil. of kw.-hr

Commercial and industrial:Small light and power doLarge light and power do

Railways and railroads doResidential or domestic _ _ _ doRural (distinct rural rates) doStreet and highway lighting do -Other public authorities doInterdepartmental _ do

Revenue from sales to ultimate customers (EdisonElectric Institute) thous. of dol

GASd1

Manufactured and mixed gas (quarterly) :Customers end of quarter total thousands

Residential (incl. house-heating) doIndustrial and commercial do

Sales to consumers total mil of thermsResidential doIndustrial and commercial do

Revenue from sales to consumers, totalthous. of dol

Residential (incl. house-heating) do__Industrial and commercial do

Natural gas (quarterly) :Customers end of quarter total thousands

Residential (incl. house-heating) .doIndustrial and commercial do

Sales to consumers total mil of thermsResidential (incl house-heating) doIndustrial and commercial do

Revenue from sales to consumers, totalthous of dol

Residential (incl house-heating) doIndustrial and commercial do

37, 32132 10324, 0288 075

27, 9344, 1695,2174,872

345

27, 481

4, 86113, 779

4756,712

57732571339

488, 495

38, 51733, 17024, 044

9, 126

28, 5434, 6275,3474,927

420

28, 263

4,97613, 704

5277, 447

521347699

43

501, 349

8,0577, 505

548832520296

127, 48191, 56234, 598

17, 06615, 683

1,36411, 7193, 7537,462

454, 744256, 085188, 353

39, 71034, 20324, 3029,901

29, 0065, 1975.5075,042

465

29, 217

5, 12413, 797

5238,170

50334871735

522, 258

_ __ _ _

36, 76831, 53622, 0759 461

26, 7174,8195, 2324, 766

466

28, 708

5, 04813, 700

4887, 902

49631872235

514, 575

38, 56833, 04022, 59710, 443

27, 6475, 3935, 5295,022

506

28, 453

4,94513, 869

5047,548

54429871035

504, 334

7,9327,376

5511, 156

785353

165, 655121, 28742, 851

17, 55316, 101

1,43414, 8616,4098,037

648, 863416, 815222, 670

36, 73631 51521, 5539 962

26, 5594, 9565, 2214,753

469

27,766

4, 79213, 764

4587, 157

59826869830

494, 080

37, 06531 82422, 1329 692

26, 9104,9155, 2404,745

496

27, 178

4,76713, 669

4446,679

63924969140

486, 460

36, 05231 52522 3669 160

26, 4515 0754,5264 141

385

26, 856

5 04613, 069

4046,544

800236713

44

488, 551

7 3366,819

512809491308

120, 92886, 27733 743

18, 14516, 6941 433

11, 1133 2127,529

434 422236, 113190 375

37, 00732 52323 7858 738

27, 2495 2744,4844 159

326

26, 914

5 36112, 638

3966,567

99424267145

493, 359

39, 75234 36125 8448 518

28, 8605 5015, 3915 026

365

28, 781

5.58314, 097

4016,6571 061

26267545

512, 716

- _ - -- _

38, 75933 37626 0197 357

28, 6194 7575,3835 067

316

29 440

5 50114, 681

3986,8171 015

28769843

521, 495

6 7136' 243

468540268263

83 95457, 41625 932

18 89917, 4411 4389 5761 3297' 630

315 515126 145176 242

40, 51134 82127 7977 025

30, 2274 5945,6905 492

268

29 279

5 23614 823

4266 950

76632171444

521 103

39, 35133 74797 295

6 52^

29,3384 4095, 6045 361

243

T Revised. * Based on 1. c. 1. shipments. Data prior to September 1952 are for carlots.*New series. Compiled by U. S. Department of Labor, Bureau of Labor Statistics. Data prior to February 1951 will be shown later.fRevised series. Data are estimated total factory shipments of finished paint, varnish, and lacquer. Figures supersede those shown in the SURVEY prior to the June 1952 issue,

which did not measure total shipments. Available figures for 1951 (January-October, respectively) comparable with the present series are as follows (thous. dol.): Total shipments—128,103.117,025; 132,257; 122,925; 128,048; 121,382; 109,449; 116,205; 100,074; 109,700; industrial—48,807; 44,938; 52,638; 47,892; 48,325; 45,348; 42,477; 45,378; 38,659; 43,562; trade—79,295; 72,087; 79,619; 75,033;79,723; 76,034; 66,972; 70,827; 61,415; 66,138.

§ See note "1" in the February 1952 SURVEY and earlier issues regarding changes in classification and coverage beginning with data for January 1951.I Unpublished revisions for January-July 1950 and 1951 for electric-power production will be shown later.cfAll sales data formerly expressed in cu. ft. are now published in therms by the compiling source; 1932-49 figures expressed in therms and minor revisions for customers and revenue for

1932-44 will be shown later. Revisions for the first 2 quarters of 1950 are shown in the corresponding note in the October 1951 SURVEY; those for the first 2 quarters of 1951 will be shown later.


SUKVEY OF CUEEENT BUSINESS S-27


1951

Novem-ber

Decem-ber

1952



FOODSTUFFS AND TOBACCO

ALCOHOLIC BEVERAGES

Fermented malt liquors:Production thous ofbblTax-paid withdrawals doStocks, end of month _ -_-do __

Distilled spirits:Production thous. of tax gaL-Consumption, apparent, for beverage pur poses

thous. of wine gal _Tax-paid withdrawals thous. of tax gaL.Stocks, end of month _ doImports thous. of proof gal

Whisky:Production thous. of tax galTax-paid withdrawals..- . _ _ . do _ -Stocks, end of month doImports thous of proof gal

Rectified spirits and wines, production, total a*thous. of proof gal _ .

Whisky doWines and distilling materials:

Sparkling wines:Production _ __ _ thous. of wine gaL-Tax-paid withdrawals doStocks, end of month doImports _ _ do

Still wines:Production _ __ _ do . -Tax-paid withdrawals doStocks, end of month _ ___ doImports do

Distilling materials produced at wineries, do __

DAIRY PRODUCTS

Butter, creamery:Production (factory) t thous. of IbStocks cold storage, end of month doPrice, wholesale, 92-score (New York)_dol. per l b _ _

Cheese:Production (factory), totalj. thous. of Ib

American, whole milkf doStocks, cold storage, end of month, total-. -do

American, whole milk doImports _ _ -- _ doPrice, wholesale, American, single daisies (Chi-

cago) _- dol. per IbCondensed and evaporated milk:

Production :JCondensed (sweetened):

Bulk goods thous. of l b _ _Case goodsO do

Evaporated (unsweetened), case goods ._ doStocks, manufacturers', case goods, end of month:

Condensed (sweetened) thous. of l b_ .Evaporated (unsweetened) .... do

Exports:Condensed (sweetened) . . _ ._do _-Evaporated (unsweetened") do

Prices, wholesale, U. S. average:Condensed (sweetened) dol. per case--Evaporated (unsweetened) _ _ do

Fluid milk:Production J mil of IbUtilization in mfd. dairy products doPrice, dealers', standard grade dol. per 100 lb_-

Dry milk:Production: I

Dry whole milk thous of IbNonfat dry milk solids (human food) do

Stocks, manufacturers', end of month:Dry whole milkNonfat dry milk solids (human food) do

Exports:Dry whole milk doNonfat drv milk solids (human food) do _ _

Price, wholesale, nonfat dry milk solids (humanfood), U S. average _ _ - - dol. per Ib

FRUITS AND VEGETABLES

Apples:Production (crop estimate), _ _ . thous. of bu -Shipments, carlot _ _ _ _. no. of carloads.Stocks, cold storage, end of month-, thous. of b u _ -

Citrus fruits, carlot shipments no. of carloads_-Frozen fruits, stocks, cold storage, end of month

thous. of Ib....Frozen vegetables, stocks, cold storage, end of

month thous. of IbPotatoes, white:

Production (crop estimate) t __thous. of buShipments carlot no of carloadsPrice, wholesale, U. S. No. 1 (New York)

dol. per 100 lb_.

6,1376,4119,505

28, 420

15, 95811, 053

917, 2051,880

10, 9616,674

756, 5211,714

9, 5508,521

80173

1,384115

39, 13712, 237

237, 592538

87, 330

68, 43659, 349

.740

65, 03043, 358

232, 988204, 683

4,095

.431

11,2164,620

131, 272

8,777357,311

1,1244,277

10.806.08

7,6112,3785.38

4,64825, 502

19, 61256, 548

5, 5982.994

.150

3,63728, 000

7,727

489, 932

522, 076

19 079

4.736

6,2916,0899,240

19, 396

19, 4277,731

925, 1951, 696

10, 4654,682

760, 8031,516

7,3546,516

118173

1,31698

8,39610, 904

231, 617605

25, 981

70, 39727, 051

. 791

66, 49143, 684

222, 136194, 784

3, 8G3

.449

13, 6366, 191

141, 096

9, 185225, 988

1,2626,048

10.806.19

7,7972,4775.43

6, 15735, 960

17,91742, 265

4 9322, 508

.151

i 110.6602, 856

22, 11311,839

496, 386

498, 340

i 320, 51916 378

5.540

6 9716,4479,303

17, 033

12, 0386,588

932, 5781,254

9, 5484,095

765, 0291, 129

5,1004,348

14176

1, 30,541

2,93710, 704

222, 569391

6, 253

77, 98013, 874

.803

70,17045, 955

193,2721(57, 824

4, 895

.444

13, 4006, 550

.157, 000

6, 585140,611

6, 8565,731

10.806. 25

8, 1782, 7065.44

7,41545, 350

16, 76529, 677

3 6631, 639

. 152

2,44916, 01411,548

465, 137

444, 409

18 556

6.875

6 6075,6049,895

15, 547

12, 4597,747

936, 4201, 210

9,1144, 646

767, 8191, 102

6,0915, 410

6761

1, 35427

1,36810, 630

210, 203292526

78, 7957,879.845

70, 86047,125

166, 040142, 945

3, 385

.436

14,4006,400

163, 800

7,38874. 505

3,2157, 025

10.806.34

8. 1702,7315.48

6, 83049, 250

14, 62524, 327

3 4947, 908

.156

2.04710, 75310, 472

471, 101

398 699

22 043

6.660

7 3266 099

10, 663

15, 009

14, 4499,757

940, 0711, 515

8, 6485,536

768, 7451 401

7,0906,186

5559

1,33431

1,46211,411

199, 116416456

93, 0956, 505.738

86, 35059, 025

155, 195133,815

2,832

.429

17,6007,350

205, 000

8, 23776, 443

4,7295,676

10.806.38

9,4943,292

5.46

8,54067, 800

13, 34334, 566

5 3714, 305

.159

2,0085, 983

11,397

466, 735

348 023

24 138

6.025

7 4396 744

10, 891

14, 194

13, 9059 573

941^ 0571 315

8 0454,997

769, 7631 208

6,9446 037

20169

1 45831

1, 64410 453

189, 087427770

104. 12010, 522

.714

103,235V.5 075

158.949139, 705

3,263

.423

21,2504, 500

261,850

7, 299123, 180

2,3018, 296

10.806.39

10 1293,823

5.33

8 94582, 050

14 55854, 691

2 4994^415

. 163

1,4502,894

11,218

475, 636

313 708

13 534

5.820

7 9627 381

10, 941

11,642

14,6189, 345

940, 4321 362

6 7934, 546

769, 9961 265

7,4226 469

12971

1 51036

1, 6409 368

181,416365126

1 34, 98030 821

. 693

139, 160107 525185, 927164 654

1, 904

.429

36, 9204 200

369. 500

8, 195225, 802

2, 6568. 031

10. SO6. 32

12 0495, 0615.26

11 035120 850

16 785108, 457

2 8429, 839

163

9351,037

12, 605

537, 679

301 739

12 825

5.570

8 9758 412

10, 962

8,577

13 1199,721

937 1561 326

4 8235 026

767, 5581 234

7,0246 150

10286

1 51535

8539 120

170 606360155

130 21068 616

.690

139 870109 780217,604192 920

2 942

.435

27, 4004 750

349, 000

9, 540390 517

1 5?810 351

10.806 30

11 9564 9725.23

13 570115 875

18 946150, 703

5 1182, 303

163

283282

9,561

580, 264

336 911

24 094

4.844

10 1169 266

11, 190

6,444

13, 1409,972

932 4141 229

2 5154,322

763, 4901 141

7,5906 389

6373

1 50328

5477 980

162 733272

1 758

121 46599 751

.714

121 92594 815

239, 632211 477

3,873

.436

20, 6603 500

273, 250

7, 975417,013

2, 32110 570

10.806.33

11 0394' 4395.33

9 95085 300

21 385161, 821

3 4533, 567

165

405153

9,709

593, 518

385 494

13 037

6.708

8 6348 159

11 126

6,453

13 4328,006

929 0331 088

2 6773 980

760, 079979

5, 9364 785

10078

1 518r 29

1 7418 440

153 728297

68, 706

108, 320111 400

.737

112 37085 340

253, 5632^2 Q33

3 502

444

21,2003 650

277, 200

7,842480 266

1 6659 029

10.806 38

10 2104 0625.43

9 90070 650

23 602167, 576

2 9215 824

165

289238

5,994

578, 699

463 Oil

1° 335

7.025

7 1327 182

10, 597

9,837

1 5, 32211, 509

921, 4801 575

3 20H6, 204

754, 2001 443

8, 5857 504

62112

1 46740

20, 94Q11 993

162 350324

49, 009

94 885II1 319

.732

99 23573 905

262, 467231 503

6 486

465

14,6004 650

245, 625

8, 354408 805

1 4845 764

10.806 39

9 0603 5585.55

6 17550 590

22 306153, 634

2 5992 515

167

1 4396,2215,131

556, 897

530 091

16 473

6.188 i

6 8446,852

10,132

20, 691

19, 46315,909

909, 0812 048

3 8599,053

745,1811 826

11,44610 116

64

513

89 575r 102 177

. 716

89 09063 270

r 256, 885r 225 317

5 939

463

10,2503 725

208, 000

7,190493 073

1 36119 342

10.806 40

8 5783 2475.66

5 47545 100

20 210135,012

3 1863 365

166

r 5 520r 26, 892

* 5, 345

' 532, 993

r 571 122

r 21 436

4.792

5 7875 9089,598

12, 265

15, 013898, 143

3 6838 312

737, 913

11,53610 455

76 42080 690

.699

78 11053 290

246, 445214 356

457

9, 0509 960

167, 100

7, 197446 641

10. 806 39

7 7972 7685.70

4 84043 000

17 009124, 344

166

2 92 6962 5^4

25, 1796,333

490, 491

564 822

2 347 504

5.482r Revised l Revised estimate. 2 December 1 estimate.cfFigures beginning July 1952 exclude production of wines and vermouth; for July 1951-June 1952, such production totaled 91,000 gallons.^Revisions for production of dairy products prior to November 1950 are available upon request as follows: Beginning 1949 for butter, cheese, and nonfat dry milk solids; beginning 1950 for

condensed ana evaporated milk and dry whole milk. Revisions for fluid milk (January 1940-February 1951) will be shown later. Revised estimates for production of potatoes for 1944-49 areshown in corresponding note in the September 1952 SURVEY.

©Figures beginning 1950 represent whole milk only; earlier data cover both whole and skimmed milk.


S-28 SUEVEY OF CURRENT BUSINESS January 10r,3

Unless otherwise stated, statistics tlirougli1950 and descriptive notes are shown in the1951 Statistical Supplement to the Survey

1951

Novem-ber

Decem-ber

1952



FOODSTUFFS AND TOBACCO—Continued

GRAIN AND GRAIN PRODUCTS

Exports, principal grains, including flour and mealthous. of bu_

Barley: jProduction (crop estimate) t doReceipts, principal markets doStocks, domestic, end of month:

Commercial doOn farmsj do

Exports, including malt doPrices, wholesale (Minneapolis):

No. 2, malting dol. per bu-_No. 3, straight do .

Corn:Production (crop estimate) t mil o fbuGrindings, wet process thous. of b u _ _Receipts, principal markets _ do _Stocks, domestic, end of month:

Commercial doOn farmst mil of bu

Exports including meal thous of buPrices, wholesale:

No. 3, white (Chicago) dol. per bu._No. 3, yellow (Chicago) - d o _ _ -Weighted average, 5 markets, all grades. -do

Oats:Production (crop estimate) t mil o fbuReceipts, principal markets thous. of buStocks, domestic, end of month:

Commercial doOn farms! do

Exports including oatmeal doPrice, wholesale,No.3,white(Chicago) -dol. perbu__

Rice:Production (crop estimate) t thous of buCalifornia:

Receipts domestic rough thous. of IbShipments from mills, milled rice _ _ _ doStocks, rough and cleaned (cleaned basis), end

of month thous of IbSouthern States (Ark., La., Tenn., Tex.):

Receipts rough at mills thous of IbShipments from mills milled rice doStocks, domestic, rough and cleaned (cleaned

basis) end of month thous of IbExports doPrice, wholesale, head, clean (N. O.)_-dol. per lb_.

Rve:Production (crop estimate)! thous of buReceipts, principal marketsf doStocks, commercial, domestic, end of month, doPrice, wholesale, No. 2 (Minn.) dol. p e r b u _ _

Wheat:Production (crop estimate) total! mil o f b u

Spring wheat doWinter wheat do

Receipts principal markets thous o f b uDisappearance domestic! doStocks, end of month:

Canada (Canadian wheat) do -_United States domestic totalcft do

Commercial doInterior mills, elevators, and warehouses

thous o f b u

On farmst _ _ ___ _ _ d o _Exports total including flour do

Wheat only do

Prices, wholesale:No. 1, dark northern spring (Minneapolis)

dol. per b u _ _No. 2, hard winter (Kansas City) _ do_ _No 2, red winter (St Louis) doWeighted avg., 6 markets, all grades do

Wheat flour:Production:

Flour. __ thous. of sacks (100 lb . )__Operations, percent o f capacity _ _ _ _ _ _ _ _Offal short tons

Grindings of wheat thous. of b u _ _Stocks held by mills, end of month

thous of sacks (100 Ib )Exports doPrices, wholesale:

Spring, short patents (Minneapolis)*dol. per sack (100 Ib.)

Winter, hard , short patents (Kansas C ity ) * _ _ do _ _

47, 647

11,518

26, 779

1,385

1.6521.481

10, 77433, 948

47, 299

6,158

1.7621.8281.680

9,224

28, 173

5041.071

94, 41777, 966

90, 071

330, 758186, 612

719, 664191,466

.094

8066,2171.933

35, 730

209, 143

202, 464

39, 60035, 186

2.5972.5402.5652. 472

19, 87684.4

403, 21546, 684

1,895

6.1385.850

48, 220

i 254, 2878,039

25, 483124, 287

2,995

1.5931.440

i 2, 8999,238

34, 498

51, 3941, 919. 3

10, 165

(4)1.9261.699

i 1,3219,450

26, 931841, 889

2541.045

i 101,771

89, 76776, 982

77, 352

199, 749177,402

676, 06687, 408

.096

121,3011,2676, 3442.051

1 980. 8i 334. 5* 646. 332, 396

281. 397

218,333856, 807199, 947

201, 979113,007339, 33634, 80729, 383

2.5682.5412. 6252.488

18, 38682.0

375, 64743, 333

4,7012.328

6.0445.710

54, 239

9,710

22, 042

930

1.6381.471

10, 85844, 823

58, 785

8,197

(4)1.9131.597

6,420

21, 186

208.992

120, 54080, 214

76, 825

209, 432158, 633

642, 96389, 502

.100

7416,1362.036

26, 284

216,427

163, 161

44, 90041, 297

2.5462.5192.5552.471

21 21286.4

429, 29649, 683

r 1, 545

5.9355.600

54,902

9, 481

21,005

3,903

1. 5491.407

10, 00232, 248

63, 788

4,521

1.9981.8021.587

5,826

17, 065

503.912

131,132129, 926

42, 642

125, 522125, 513

598, 059193, 280

.105

6365,8441.915

29, 072

213. 163

144, 640

46, 78042, 139

2. 5052.4922. 5472.422

18, 51979.1

376, 24343, 337

1,992

5.8655.575

68, 928

7,787

19, 16078, 1314,024

1.4921.331

10, 48627, 248

61,8491,067.810, 437

(4)1.8471.637

6,805

11,785516, 603

778.931

120, 62273, 485

54, 187

129, 682181,874

511,299104, 199

.105

8645,3212.027

24, 341341, 735

206, 068521,519124, 865

112,35780, 760

201, 50053, 34949, 049

2.5402.4962.4922.436

17, 92076.5

364, 21642, 025

5.0331,845

5.7205.650

50, 863

7,194

16, 385

2,305

1 423L308

10, 74518,316

50, 173

7, 532

1. 8681.8181.731

6,602

9,057

215.887

50, 53465, 063

25, 175

187, 253217.515

442, 860129, 517

.105

4802,8251.945

22, 191

202, 564

101.851

39, 75936, 154

2.5032.4922.4402.414

18,06573.6

362. 80442, 217

1, 547

5.6755.600

52, 905

7, 909

14, 646

1,187

1.4431.234

10, 48717, 358

40 741

6,859

(4)1.8421. 756

11,715

12, 046

588.908

65, 41435, 882

32, 838

134, 497277 223

285, 248259, 380

.105

1.1631, 9951.928

23, 598

208, 850

88, 954

41, 73338, 565

2.4852.446(4)2.405

17, 59975.3

352. 88141,096

1,360

5.5855.500

37, 529

6,172

14, 7982 38, 430

880

1.5301.316

9,96420, 041

32 526609.24,237

1.9001.8301.763

9,130

16,0383 244, 646

378.833

74, 24733, 526

48, 200

91,122211,604

153, 772121,058

.105

5471,2782.038

87, 348272,211

199,0563 256, 9643 93, 924

2 57, 8793 39, 568s 64, 449

31,81227, 602

2.5052.3062.1042.350

18, 10177.5

367, 53542, 234

4,3601,807

5.6305.325

28, 794

10, 110

14, 861

3,560

1.6121.430

9,55714, 293

20, 772

3,314

(4)1.8081.735

21, 604

24, 101

328.829

28, 69536, 124

30, 032

11,757108, 570

61,979141,312

.105

2,4491,5681.972

149, 329

189, 545

279, 426

21,41717, 232

2.5472.2512.1542.314

19, 09978.2

387, 69344, 530

1,796

5.5905.225

35, 649

23, 234

17,899

5,575

1.7091.648

10, 19418, 206

17 167

2, 854

(4)1.8081.764

22, 030

30, 814

319.865

23, 30241, 993

7,276

51, 859.105

1,7703,2101.951

59, 153

183, 353

308, 618

26, 83123, 385

2.4472.3232.2112.413

19, 17782.3

386, 21944, 698

1,479

5.5055.225

38, 420

11,264

20, 085126 049

6 195

1.6261.480

11,00621, 567

18 1863 173 6

5, 275

(4)1.7601.716

10, 705

34, 2041 002 436

223.920

12, 5933,298

12, 153

101, 657.104

8153, 2851. 861

43, 666221, 963

206, 0081,341,932

313, 561

367, 764149 271507,01526, 71622, 305

2.4702.4092.2882.474

19, 71484.7

' 396, 82645, 901

4,8341,893

5.3905.375

44,716 ;

8.613

19, 002

4,415

1. 6311.545

12.09548, 645

31 07°

7 237

(4)1.5861.571

5,573

30, 141

312.907

177, 83761, 546

65 882

199, 214.105

3282, 9051.914

23, 804

242. 463

293. 878

32, 69329, 081

2.5042.4162.3292. 519

21,08182.7

424 46649, 088

I, 551

5.6385.501

2 227 0088,294

16, 967

1. 5981. 505

2 3 30710. 76956, 549

60 880

f4)1. 5751.569

2 1, 2684,735

26, 546

.904

2 108 133

154, 48166, 808

107, 170

.106

2 15 910302

2,6981.978

2 1 291 42 238. 6

2 1 052 821, 383

243. 272

276, 075

2. 5412. 4582 3062, 567

18. 67188.9

377 00043, 458

! 5. 827i 5. 620

rRevised. 1 Revised estimate. 2 December 1 estimate.3 Old crop only; new grain not reported until beginning of new crop year (July for barley, oats, and wheat; October for corn). 4 No quotation.JThe indicated grain series have been revised as follows: Production—barley, corn, oats, 1944-49; rye, wheat, 1945-49; rice, 1949; stocks on farms—barley, corn, oats, 1944-49; wheat, 1945-49;

domestic disappearance of wheat and total United States stocks of domestic wheat, 1945-49. All revisions will be shown later.fRevised series. Data are furnished by the Chicago Board of Trade and represent receipts at 12 interior primary markets; for names of markets and data for January 1948-July 1950, see

note marked "t" on p. S-28 of the October 1951 SURVEY.cfThe total includes wheat owned by the Commodity Credit Corporation and stored off farms in its own steel and wooden bins; such data are not included in the breakdown of stocks.*New series. Data prior to February 1951 will be shown later.


January 1953 SUKVEY OF CURRENT BUSINESS S-29


1951

Novem-ber

Decem-ber

1952




LIVESTOCK

Cattle and calves:Slaughter (Federally inspected):

Calves _ _ .thous. of animalsCattle do

Receipts, principal markets doShipments, feeder, to 8 corn-belt States do._Prices, wholesale:

Beef steers (Chicago) dol per 100 IbSteers, stocker and feeder (Kansas City)__doCalves, vealers (Chicago) do

Hogs:Slaughter (Federally inspected)

thous. of animals. .Receipts, principal markets doPrices:

Wholesale, average, all grades (Chicago)dol. per lOOlb..

Hog-corn ratiobu. of corn equal in value to 100 Ib. of live hog..

Sheep and lambs:Slaughter (Federally inspected)

thous. of animals. _Receipts, principal markets doShipments, feeder, to 8 corn-belt States do _ _ _Prices, wholesale:

Lambs, average (Chicago) dol. per 100 IbLambs, feeder, good and choice (Omaha)_..do

MEATS

Total meats (including lard):Production (inspected slaughter) mil. of lb_.Stocks, cold storage, end of month doExports _ _ _ do

Beef and veal:Production (inspected slaughter) thous. of lb_.Stocks, cold storage, end of month do _.Exports doPrice, wholesale, beef, fresh, steer carcasses, choice

(600-700 Ibs ) (New York) dol. per IbLamb and mutton:

Production (inspected slaughter) thous. of lb_.Stocks, cold storage, end of month _ -do .

Port, including lard, production (inspectedslaughter) _ _ _ _ thous. of Ib

Pork, excluding lard:Production (inspected slaughter) _ . d o _ _ _Stocks, cold storage, end of month doExports doPrices, wholesale:

Hams smoked composite dol per IbFresh loins, 8-12 Ib. average (New York). -do

Lard:Production (inspected slaughter) thous. of Ib.-Stocks, cold storage, end of month _ do. _Exports doPrice, wholesale, refined (Chicago) ___dol. per lb_.

POULTRY AND EGGS

Poultry:Receipts, 5 markets _ _ - thous. of IbStocks, cold storage, end of month doPrice, wholesale, live fowls (Chicago) §_dol. per lb. .

Eggs:Production, farm _ _ _ _ __. ..millionsDried egg production thous of lbStocks, cold storage, end of month:

Shell thous. of casesFrozen thous of lb

Price, wholesale, extras, large (Chicago)dol. per doz_.

MISCELLANEOUS FOOD PRODUCTS

Confectionery, manufacturers' sales*.. thous. of dol__Cocoa:

Imports long tonsPrice, wholesale, Accra (New York)__dol. per lb_.

Coffee:Clearances from Brazil, total thous. of bags_.

To United States doVisible supply United StatesJ doImports _ _ do_Price, wholesale, Santos, No. 4 (New York)

dol. per lb..Fish:

Landings, fresh fish, 5 ports thous. of lb_Stocks, cold storage, end of month. do

4571,1222,063

460

36 2931.6336.00

6,5314,098

18.30

'11.2

9221,157

305

31.0031.31

1, 84172787

645, 256198, 647

2,189

.599

42, 80312, 536

1,153,267

850, 917381, 870

7,484

.549

.460

221, 09739, 22970, 076

.180

87, 278309, 943

.248

4, 345357

23095, 143

.664

111, 000

15, 555.295

1,7251 008

5621,882

.543

38, 843179, 135

344998

1,533200

34 5930.4536.00

6,9124,174

17.74

10.4

810946119

30.7530.50

1,866966108

585, 399234, 679

850

.579

37, 91513, 720

1, 242. 339

905, 863548, 60411 257

. 544

.427

246, 36353, 61488, 194

.190

76, 887302, 151

.284

4,793429

14167, 200

.496

93, 000

16, 747.326

1,609945689

2,048

.541

25, 946168, 792

3821 0961,648

133

34 2531.1936.50

6,8354,373

17.42

10.4

1,0421, 150

123

30.250)

1,9771 146

113

656, 307256, 247

660

.571

50, 53613, 840

1, 269, 791

931, 607704, 992

10 337

. 546

.433

248, 03749, 28496, 445

.175

35, 651300, 000

.275

5,409894

23853, 065

.398

89, 249

32, 672.331

1,604871658

1,978

.550

23, 139148, 113

343985

1,481158

33 7832.0637.00

5,7793,626

17.07

10.4

990971109

28.000)

1,7151 264

115

593, 420265, 700

1,006

.562

48, 98613, 532

1, 072, 252

771, 472793, 870

7 675

527.423

220, 93453, 816

100, 339.175

35, 067270, 397

.295

5,7161,681

94260 576

.364

84, 067

27 023.358

1,331758Q55

2,280

.550

29 224125.704 I

397927

1,473143

33 4131.9938.50

5,7763,561

16.56

10.1

971988119

26.880)

1, 6561,313

94

557, 237267, 437

1, 116

.560

48, 20114, 896

1,050.706

759, 957822, 006

8 512

.526

.448

213, 34670, 80379, 627

.153

42, 273232, 832

.295

6,4412,325

1,59684 295

.382

78, 125

30 307.384

1, 521899966

2 042

.548

37 963113. 996

405938

1,581128

33 3931.3237.00

5,2813,163

16.58

9.8

9411,068

131

28.880)

1,5571 320

65

566, 992252, 350

892

.564

45, 70313, 067

944, 623

682, 678823, 741

7 997

531.430

191,80388, 82151 552

.145

41, 462194, 965

.258

6,1912 220

2 184111 185

.396

74, 423

24 020.381

1, 015626850

1 707

.535

51 4/8113. 544

3881 0091,593

155

33 2932.0636.75

4,4822,800

19.61

11.8

9391 070

141

28.12C1)

1,4761 201

62

610, 297224, 432

1 636

559

45, 30616, 141

820, 518

594, 319727, 665

8 655

531.550

165, 818105, 74946 395

.145

58 058185, 688

.225

5 9832 037

3 184145 863

.359

60, 318

28 764.384

953566756

1 126

.533

58 606123. 762

392966

1,584152

32 2227.2134.50

4,2592,771

19.25

11.2

9261,045

133

28.38C1)

1,4441 161

44

582, 712201, 504

1, 531

.540

41, 39214, 902

819, 934

601, 250685, 033

9 285

569.535

160, 274132, 04129 038

.145

52 212174, 040

.218

5 0321 427

3 357166 419

.404

54, 335

98 764.378

1,024694691

1 227

.530

72 504152.396

4301,1001,898

185

32 5325.2432.00

3,6412,268

19.96

11.6

9081 067

176

28.3824.25

1,418983

49

659, 036171,444

1 666

534

38, 60111,814

720, 191

525, 855542, 70710 833

585.552

141,823132, 58332 421

.140

47 806157, 045

.215

4 4631 571

2 728163 359

.525

47, 200

12 Q77.381

1,177719579

1 408

.545

76 851176! 254

4261 1352,078

338

32 5225.1732.00

3,5922,203

19.98

12.1

1,0201,455

479

28.6224.63

1,395825

50

669, 445167, 437

1,240

. 559

43, 88011,318

681, 587

506, 990407, 558

5 892

616.612

127, 696124, 29637 288

.138

52 536144, 508

.235

4 1551 140

2 169144 326

.553

60, 948

9 043.354

1,455924605

1 454

.548

64 75418.^826

4961,2152,641

563

32 1923.5731.50

4,2902,540

19.11

11.2

1,2432 119

722

25 5023.10

1,527r 696

37

713, 624184, 158

1,150

.562

52, 83912, 553

760, 409

571, 228290, 931

5 673

571.569

138, 047109, 15726 611

.143

64 955r 182, 786

.245

4 1081 069

1 709123 661

.553

99, 443

8 705.333

1,6011 045

8891 870

.545

54 114r 1 90. 493

6021 3903,1011,088

32 0922.76

r 33. 00

5,4923,099

18.55

12.2

1,4272 228

788

23.8821.25

1,819r 636

55

801, 489r 214, 594

1 365

.556

61, 726r 16,002

955, 425

715, 279•• 234, 894

5 768

569.515

175, 664r 78 992

43 043.143

81 748r 279, 191

.225

4 402758

r I 000r 95 333

.631

' 113, 374

4 210.341

1,456846611

1 615

. 540

49 126son Q44.

5101 1512,379

667

31 3722.3133.00

5,7723,326

16.76

11.5

1,0691,289

319

22. 6220.50

1,742762

662, 271249, 153

.545

47, 50519, 250

1, 031, 841

765, 850312, 279

552.449

194, 38180, 439

.133

74 618292, 694

.250

4 510957

38873 004

.560

101, 012

.317

1, 450893529

.535

209 9S3r Revised. 1 No quotation.§Series revised to represent quotations for heavy type.*New series. Compiled by the U. S. Department of Commerce, Bureau of the Census, representing estimated total sales by manufacturers of confectionery and competitive chocolate prod-

ucts. The figures exclude sales of chocolate coatings and cocoa produced by chocolate manufacturers and sales by manufacturer-retailers with a single business location. Revised data forJanuary 1949-June 1951 are shown in corresponding note in the September 1952 SURVEY.

JFor revised data for July 1949-October 1950, see note marked "t" on p. S-29 of the January 1952 SURVEY.


S-30 SURVEY OF CURRENT BUSINESS January li)53


1951

Novem-ber

Decem-ber

1952




MISCELLANEOUS FOOD PRODUCTS— Con.

Sugar:Cuban stocks, raw, end of month

thous. of Spanish tons..United States:

Deliveries and supply (raw basis) :Production and receipts:

Production short tons-Entries from off-shore _ _ -do.--

Hawaii and Puerto Rico do

Deliveries, total doFor domestic consumption doFor export - _ _ d o

Stocks, raw and refined, end of monththous of short tons

Exports refined sugar short tonsImports:

Raw sugar total doFrom Cuba do -From Philippine Islands do

Refined sugar total doFrom Cuba do

Prices (New York) :Raw, wholesale ._ dol per Ib _Refined:

Retail __dol per 5 l b _ _Wholesale dol per Ib

Tea imports thous of Ib

TOBACCOLeaf:

Production (crop estimate) J mil of lbStocks, dealers' and manufacturers', end of quar-

ter total mil of IbDomestic:

Cigar leaf doAir-cured, fire-cured, flue-cured, and miscel-

laneous domestic mil of IbForeign grown:

Ci^arleaf doCigarette tobacco do

Exports including scrap and stems thous of IbImports including scrap and stems do

Manufactured products:Production manufactured tobacco total do

Chewing plug, and twist doSmoking doSnuff do

Consumption (withdrawals):Cigarettes (small):

'Fax-free millions- .Tax-paid do

Cigars (large), tax-paid thousandsManufactured tobacco and snuff, tax-paid

thous. of l b _ _Exports, cigarettes millionsPrice, whosesale, cigarettes, manufacturer to

wholesaler and jobber, f. o. b. destination*dol. per thous.. .

577

627, 848314,637102, 389

' 559, 800r 557, 430' 2, 370T 1 583

1 005

237, 419226, 225

11 191

4 4264,424

.060

.482

.0815,842

60 33710, 303

20 6247,8539 2433,528

3,70833, 994

554, 341

24. 0051 1, 742

3.555

427

472,810164,866155,925

556, 802536, 61420, 188

1 75618 264

75, 34074,2171 120

10

.058

.482

.0816,713

1 2, 331

4,271

350

3,732

18170

60, 6235, 734

14, 9585,7396, 0183,201

3, 50823, 847

367, 906

14, 3531,443

3. 555

718

84, 442364, 959

72, 083

581, 376578, 699

2,677

1,613867

246, 416223, 704

22, 708

10, 22110, 220

.058

.483

.0817,769

33,8368,572

19, 8847,5168, 6193,749

4,141' 33, 133494, 556

19, 4501,517

3.555

1,883

32, 439293, 390

40, 217

544, 553542, 900

1, 653

1,4731 122

275, 173232, 234

42, 938

22 07321,873

.059

.480

.0806,659

29, 7528,862

18, 5537,2537,8263,473

2,97429, 308

446, 560

18.4901,215

3.555

3, 033

24, 680692, 525221, 145

862, 480860, 405

2,075

1,24111 522

398, 577307, 15191,394

27, 24526, 895

.063

.476

.0809,855

4, 245

402

3,648

19176

1 25, 8911 7, 466

17,9126,7057,7293,478

3,10729, 878

478, 101

16. 7591, 566

3. 555

4,033

29, 006596, 991180, 047

612,641608, 995

3, 646

1 28325 423

344 860281,35562 886

52 05351,403

.062

.489

.0858 798

18, 1267,685

18, 0486,8987, 8523,298

2,88931,774

491, 964

! 18, 076: 941

3. 555

4,423

18, 150673, 682200, 747

596, 990595, 062

1,928

1 40031 620

436 800310, 072126 728

31 46430, 664

.062

.492

.0857,132

27, 0788,978

18, 8927,3288,4563,109

3, 34832, 920

496, 512

18, 3311,492

3.555

4,388

46, 465503, 896142, 458

896, 355894, 103

2,252

1 11428 369

358 007198, 421159 587

36 19835, 524

.066

.492

.0857,044

3,828

387

3,244

19179

27, 4977,987

18, 4447,3247,9953,126

2,36534, 511

496, 450

18, 4431,043

3.555

3,970

34, 190617, 564167,422

758. 308755,061

3,247

9176 116

356, 970208,611148, 359

38, 10633, 287

. 066

.494

.0868,482

26, 0878,966

16,3196,8277,2302,263

2,83333, 837

504, 045

15, 7441,329

3. 555

3,645

9,971573, 936177, 671

734, 684731. 376

3, 308

8312 525

345, 357245. 485

82, 308

43, 03841,012

* . 064

.494

.0868,094

34. 7309,619

18, 5547.0118 3733, 170

4,36635. 972

i 485, 006

18,787i 1.810

3. 555

3.320

91,126725, 621237, 299

744, 355742,146

2.209

697649

305, 205240, 34363 861

46 73843, 590

.065

.495

.0869,506

3, 951

362

3,410

18161

50, 4519,173

20, 0517, 3669,4063,279

4, 32534, 950

526, 696

19, 2871,266

3. 555

2, 895

602, 545387, 590273 166

680, 035677,919

2,116

1 04519 376

124, 47396, 83617 875

40 67535, 1 60

.066

.495OSti

7,430

41, 7779, 584

21,3427, 9369,7813, 625

4.294' 37, 372624, 867

21, 3921,304

3. 555

2. 620

226, 961108,362

523, 713522. 474

1,239

. 064

. 495

.086

2 2, 207

i

3. 40830, 386

i 497, 950

i 15,357

' 3. 555wholesaler and jobber, i. o. b. destination'

dol. per thous.. . 3.555 3. 555 3.555 3.555 i 3.555 3.555 3.555 3. 555 3. 555 3. 555 3. 555 3.555 ' 3.555

LEATHER AND PRODUCTS

HIDES AND SKINS

Imports, total hides and skins \ thous. of IbCalf and kip skins thous of piecesCattle hides t doGoatskins J,- . . _. - . ^do_ _ .Sheep and lamb skins do

Prices, wholesale (Chicago):Calfskins, packer, heavy, 9^/15 Ibs.* dol. per lb._Hides, steer, heavy, native, over 53 lbs.*.-.do

LEATHERProduction:

Calf and kip thous of skinsCattle hide thous. of hidesGoat and kid thous of skinsSheep and lamb do

Exports:Sole leather:

Bends, backs, and sides thous. of IbOffal including belting offal do

Upper leather. thous. of sq. f t - _P rices, wholesale:

Sole, bends, light, f. o. b. tannery* dol. per l b _ _Upper, chrome calf, B and C grades, f. o. b. tan-

nery* -- - dol. per sq. ft

13, 05778

1581,821

925

.399

.216

5671,7501,8472,159

1889

2,621

.780

.807

11, 426110116

1,8641,133

.379

.188

6011,5552, 0661,881

1782

2, 321

.780

.808

12, 97281

1862,367

668

.400

.140

7171,8802,6142, 047

843

1,549

.760

.787

10, 717

1091,613

880

.375

.133

8051,8622,5132,279

27113

1,925

s.740

3.842

10, 38827

1. 7701,998

.325

.128

7321,7532,4302,081

6076

2,482

.710

.842

16, 447169128

1.8123,228

.275

. 103

7921.7822, 4402,102

1649

2,587

.670

.835

12, 771127239

2,0151,565

.388

.143

7031,8802,3372,291

1020

2,436

.670

.805

19, 148164133

2,4194,224

.388

.148

7691,8272,4172,315

2535

2,270

.705

.848

19, 460211232

3,4161,903

.425

.155

6851.6102,5951,911

5673

2,134

. 705

.873

16. 003209

752, 6482, 520

.450

.175

914' 1,910

2.2932,718

3945

' 2, 798

.710

.890

11,96319490

2,8041, 100

'.475.160

9671,879' 2, 338

2,555

7551

2,288

.695

.928

13,759 - . _9745 i

2. 796 !2,059 j

.488 .513

.160 .170

1 0502,2242 9092, 953

92 i3.125

.690 .696

.938 ! .952r Revised. * Revised estimate. 2 December 1 estimate. 3 Specification changed; earlier data not strictly comparable.^Revisions for tobacco (1944-49) arc shown in note marked "§" in the September 1952 SURVEY; those for the indicated series for hides and skins (1950) in note marked "{" in the October

1951 issue.*New series. Compiled by U. S. Department of Labor, Pureau of Labor Statistics; data prior to August 1951 for sole leather and prior to February 1951 for upper will be shown later.




1951

Novem-ber

Decem-ber

1952



LEATHER AND PRODUCTS—Continued

LEATHER MANUFACTURES

Shoes and slippers :tProduction, total___ thous. of pairs

Shoes, sandals, and play shoes, except athletic,total thous of pairs

By types of uppers :&All leather... _ doFart leather and nonleather do

By kinds:Men's doYouths' and boys' . doWomen's ... do. _.Misses' and children's doInfants' and babies'. _ do. __

Slippers for housewear doAthletic . __ _ __ doOther footwear do

Exports§..__ _ __ do_ __Prices, wholesale, f. o. b. factory:*

Men's and boys' oxfords, dress, cattle hideupper, Goodyear welt dol. per pair

Women's oxfords (nurses'), side upper, Good-year welt dol. per pair..

Women's and misses' pumps, suede split.do _.

34,884

29 462

26, 2623,200

7, 7391,097

13,7114,2902,6254,930

180312359

5.586

4.7113.933

32, 227

28 794

25, 5113,283

7,0231, 068

13, 7404,3562,6073,032

176225302

5.523

4.6783.890

41, 306

38 290

33, 6944,596

8,5771.263

19,6765,6233,1512, 511

216289219

5.523

4.6783.801

42, 518

39 133

34, 0815 052

8,5411,371

20, 3655,6673,1892,851

233301321

5.523

4.8613.767

43, 967

40 142

34, 4086,734

8, 5311,374

21,1915,7853,2613,277

223325400

5.523

4.861

43, 082

38 879

32, 6586,221

8,6131,369

20, 3635, 2923,2423, 647

216340386

5.311

4.678

41, 436

37 248

31,5365 712

8 4621,492

18,9735, 1683,1533,626

209353352

5.126

4.646

39, 747

35 408

30, 7354,673

8,2791,586

17,9264,7282,8893,816

181342280

5.126

4.6463.700

38, 520

33 946

29, 9384,008

7,2561,485

18, 3854, 3932,4274,070

169335246

5. 126

4.4793.700

46, 552

40 703

36, 3854 318

8 9861,949

21,9105, 1352,7235 249

234366331

5 126

4.4793.700

44, 100

37 842

33, 9063 936

8 7751 826

19,4195 0402,7825 638

264356386

5 126

4.4793.700

46, 341

39 185

35, 0574 128

9 3391 709

19,4465 5533,1386 442

286428433

5 126

4.4793.700

5 150

4.5263. 700

LUMBER AND MANUFACTURES

LUMBER— ALL TYPES

Exports, total sawmill products __ _ M bd. ftImports, total sawmill products doNational Lumber Manufacturers Association:©

Production, total mil. bd. ftHardwoods__ doSoftwoods _ _. do ..

Shipments, total doHardwoods .__ ...do. _ _Softwoods do

Stocks, gross (mill and concentration yards), endof month, total mil. bd. ft

Hardwoods . . . d oSoftwoods do

SOFTWOODSDouglas fir:©

Orders, new doOrders, unfilled, end of month _ _ _ _ doProduction doShipments . __ _ _ _ doStocks, gross, mill, end of month doExports, total sawmill products M bd. f t _ .

Sawed timber doBoards, planks, scantlings, etc do

Prices, wholesale:Dimension, No. 1 common,, 2" x 4", R. L.

dol. per M bd. ft..Flooring, B and better, F. G., 1" x 4", R. L.

dol. per M bd. f t _ _Southern pine:©

Orders, new mil. bd. ftOrders, unfilled, end of month . do_ .Production doShipments. . doStocks, gross (mill and concentration yards), end

of month mil. bd ftExports, total sawmill products M bd. ft

Sawed timber doBoards, planks, scantlings, etc ..do _

Prices, wholesale, composite:Boards, No. 2 and better, 1" x 6" x R. L.*

dol. per M bd. f t _ _Flooring, B and better, F. G., 1" x 4" x S/L*

dol. per M bd. f t_ .Western pine:©

Orders new mil. bd. ftOrders, unfilled, end of month _ _ . _. doProduction _ doShipments doStocks, gross, mill, end of month _ _ doPrice, wholesale, Ponderosa, boards, No. 3 com-

mon \" x 8" dol per M bd ft

SOFTWOOD PLYWOOD

Production thous. of sq. ft., %" equivalentShipments doStocks end of month do

HARDWOOD FLOORING

Maple, beech, and birch:Orders new M bd ftOrders, unfilled, end of month _ _ _ _^doProduction _ ._ . _ _ ^doShipments _ doStocks, mill, end of month ._ _ do

81,223213, 663

2,978593

2,3852,950

5972,353

8, 0252, 9135 112

738828831844875

43, 71421, 14322, 600

81. 741

128. 617

604337660648

1,5309,5052,7146,791

80. 612

155. 061

594714602579

1,879

78.17

187. 341189, 508108, 524

3 35012, 9503,9003,6007.300

80, 437160, 885

2,494558

1, 9362,402

5181,884

8,1102,9525,158

755904717668924

43, 65214, 85628, 796

81. 368

128. 209

522310595549

1,57611,6653, 7257,940

80. 797

155. 061

496716393447

1,820

78.74

176, 257195, 38488, 454

3, 15012, 3003,7503,5507,575

i 45, 873142, 814

2,743567

2,1762, 777

5742, 203

8,2063, 0825 124

8831,030

799752971

15,2509,1106, 140

81. 508

126. 575

748312791746

1,6218,8781,3907,488

80. 642

155. 061

552684335454

1,690

78.58

244,011238,91192, 577

4 80013,0504, 5003,7508. 250

94, 248168, 653

2,805626

2,1792,879

6312,248

8,1273, 0775 050

8141,001

830833968

55, 54117,65737, 884

82. 467

126. 575

712327707697

1,63111,9752,5959,380

80. 196

155. 061

490472365441

1,609

79.22

253, 003260,81585, 003

3 55012, 2504,1504,2508,050

69, 868203,316

2, 958670

2,2882, 950

6452,305

8,1063, 0755 031

806961860835993

37, 2549,292

27, 962

82. 887

125. 432

700318688709

1,61010, 2782,4007,878

79. 765

155. 061

498465451473

1,585

80.39

269, 857269, 73285, 350

3 60011,7004, 3503, 8008,600

75, 651190, 425

3, 162612

2,5503.217

6122,605

8,0163,0754 941

906904919949903

43, 30019,09024, 210

85. 239

125. 759

744300758762

1,60610,2761,3648,912

79. 676

155. 061

608602564579

1,594

82. 10

282. 864282, 07085, 800

3 55010, 7004. 3003.3509, 475

68,990209, 112

3 030604

2,4262,996

6042,392

8, 0463, 0754 971

727848746771878

32, 49610, 49821, 998

84. 840

124. 942

749296780753

1,63311,0255 6735, 352

79. 662

155. 061

609501592571

1, 615

82.28

231, 160230, 15586 033

3 57510, 2003, 6503, 6509.575

61, 137221 , 006

3,158614

2,5442,999

5582,441

8,2043,1315 073

775828829784923

31, 6217,121

24, 500

84. 840

122. 868

752334699714

1,6188.1501,9936,157

78. 815

155. 406

680548698633

1,680

83. 51

269, 066273, 12381,849

2 8509,6003. 4003,5509,400

47, 533183, 140

3,196630

2,5663,030

5692,461

8, 3433,1925 151

900990778727948

19, 5428,886

10, 656

86. 303

121.234

756326735764

1,5896,4771,9284,549

79. 250

156. 068

739610753678

1,755

83. 50

224, 756211,99892, 747

4 1009,7003,0003,6758,900

65 135200 342

3 398705

2, 6933 305

6562 649

8 4363,2415 195

865921920920948

36, 4501 2, 36924, 081

86. 436

120. 418

759365705720

1 5745, 9851 3514,634

80. 260

158. 322

737056737687

1, 805

83. 54

281 , 488274, 449101,103

4 0509.5004,0004,2508. 650

48 534227 340

3 4fi4701

2,7633 450

6852 764

8 4513, 2565 194

913812961

1, 007902

18, 8567 268

11, 588

86. 576

120. 418

776372747769

1 5525, 3171 1524, 165

81. 483

158.358

719675709650

1,864

83. 23

r 292, 489" 290, 201r 102,614

3 4509,6503.9002.9509,675

40 949255 581

3 528692

2,8363 496

7202 776

8 5093 2285 281

919758943929945

15,9007 4628,438

86. 576

120. 418

802376787798

1 5414, 3001 1043,196

r 81. 572r 158. 971

737657747706

1, 905r 81. 55

303, 681303, 267102, 082

3 9009, 6004,2003,800

10, 175

3 029689

2.3383 001

7082 293

8 4773, 2115 266

768755795759982

p 86. 316

v 121. 983

677372670681

1, 530

v 81. 980

p 158. 971

592613572561

1,855

P81.55

3 6509, 6003, 2003, 350

10, 000r Revised. f Preliminary. 1 Data beginning January 1952 have been adjusted to conform to the 1952 revision of the export schedule.^Revisions for January-October 1950 are available upon request.c^The figures include a comparatively small number of "other footwear" which is not shown separately from shoes, sandals, etc., in the distribution by types of uppers; there are further

small differences between the sum of the figures and the totals for shoes, sandals, and play shoes, because the latter, and also the distribution by kinds, include small revisions not available bytypes of uppers. §Excludes "special category" items.

*New series. Data are compiled by the U. S. Department of Labor, Bureau of Labor Statistics; monthly data prior to March 1951 (February 1951 for softwoods) will be shown later.©Revised monthly data for 1948-50 will be shown later.


S-32 SUKVEY OF CUKEENT BUSINESS January 195S


1951

Novem-ber

Decem-ber

1952



LUMBER AND MANUFACTURES—Continued

HARDWOOD FLOORING— Continued

Oak:Orders, new _ M bd. ftOrders, unfilled, end of month. _ do _Production doShipments _ _ _ doStocks, mill, end of month __do

57, 15654, 98581, 03573, 26372, 460

49, 60753,00264, 18154, 55482, 087

77, 91956, 99578, 65773, 92686, 818

87, 84067, 79573, 09477, 04082, 872

80, 91976, 93175, 66077. 36681, 168

89, 01879, 14282, 92284, 64377, 817

84, 30678, 77784, 95384, 67177, 257

64, 92669, 93879, 70177, 84477,096

70, 44666, 77579, 94179, 42877, 609

75, 16261, 72180, 07481, 53175, 371

81, 17861,13282, 02184, 13273, 260

87 30357, 99891 03494, 69169, 603

63 70750 84376 79474 39372, 004

METALS AND MANUFACTURES

IRON AND STEEL

Foreign trade:Iron and steel products (excl. advanced mfrs.):

Exports, total short tonsScrapO-. _ do

Imports, total doScrap - _ _ do

Iron and Steel Scrap

Consumption, total§__ - thous. of short tonsHome scrap _ _ _ do _Purchased scrap „ do

Stocks consumers', end of month total§ doHome scrap doPurchased scrap do

OreIron ore:

All districts:Mine production thous. of long tonsShipments _ doStocks, at mines, end of month do

Lake Superior district:Shipments from upper lake ports __ _ __ do _Consumption bv furnaces doStocks, end of month, total _ ___ _ do

At furnaces doOn Lake Erie docks _ do

Imports doManganese ore, imports (manganese content)

thous of long tons

Pig Iron and Iron Manufactures

Castings, gray iron:§Orders unfilled for sale thous of short tonsShipments total do

For s?le doCastings, malleable iron:§

Orders unfilled for sale short tonsShipments total do

For sale doPig iron:

Production thous of short tonsConsumption§ doStocks (consumers' and suppliers'), end of month §

thous of short tonsPrices, wholesale:

Composite dol. per long tonBasic (furnace) doFoundry, No. 2, f. o. b. Neville Island do

Steel, Crude and Semimanufactures

Steel castings:

For sale total doRailway specialties do

Steel forgings :1Orders unfilled, total doShipments for sale total do

Drop and upset doPress and open hammer do

Steel ingots and steel for castings:Production thous. of short tons

Percent of capacity^Prices, wholesale:

Composite, finished steel dol. per l b _ _Steel billets, rerolling (producing point)

dol. per short ton__Structural steel (producing point) dol. per l b _ _Steel scrap, heavy melting (Pittsburgh)

dol. per long ton._

Steel, Manufactured Products

Barrels and drums, steel, heavy types:Orders, unfilled, end of month. thousands. _Shipments doStocks, end of month.. _ do

344, 23221,533

219, 55924, 630

6,2683,2443,0244,4221,2403,183

7, 0527,5005,182

5, 6957,624

49, 09942, 2586,841

740

79

1,9341,184

674

220, 74088, 21053, 682

5,9115,922

1 811

53. 6752. 0052.50

176 728131, 27634 524

1, 446, 118176 342119, 04757, 295

8,799103

.0471

56.00.0400

44.00

7,294i 2. 147

32

416, 70019,115

257, 30722, 013

6,1413,1662,9754, 3661,1993, 168

3,6823, 1325,794

7917,639

43,71137.315

6, 396656

65

1,8471,033

583

215, 13476, 04545, 543

5.9775,916

1, 751

53. 0752.0052.50

165 110123, 44832 733

1, 410, 646165 023109, 01456, 009

8,891101

.0471

56. 00.0400

44.00

7,8302,176

31

402, 29721,992

235, 43215, 169

6,5493. 4263,1234,3561,1663,190

3,7042,1087,404

07.527

35. 92730, 369

5, 558659

78

1,8011,199

694

202, 79987. 00354, 988

6, 0406, 106

1, 761

53. 6752. 0052. 50

183 738139, 48836 650

1, 471, 620190 774129, 76161, 013

9,13699

.0471

56. 00.0400

44.00

8,1262, 085

66

406, 83516, 247

182, 0909,285

6,2413,2153,0264, 6971,1533,544

3,6052, 1608,849

07,229

29, 20724, 6934,514

624

70

1,7661, 155

655

193, 06182, 89850, 129

5,7855, 756

1,764

53. 6752.0052. 50

174 626133, 60231 317

1, 464, 255187 487125, 04262, 445

8, 657101

.0471

56.00.0400

44.00

7,5701,961

59

502, 77817,074

148, 56212,115

6,6113,4073.2045,0721,1783,894

3,7142,341

10,236

08,022

21,45118, 0823, 369

674

73

1,7111,172

661

196, 89680, 96049, 084

6, 3006,219

1,789

53. 6752.0052.50

173 694131, 99732, 118

1, 359, 752176, 441127, 76848. 673

9,404102

.0471

56. 00.0400

44.00

7,7372,008

58

483, 07421, 200

119.66113, 441

6,0043,0272,9775,4731,2364,238

9,0738,655

10, 629

6,5326, 616

19, 59216, 4873,105

687

80

1,6141,205

653

198, 21589, 27056, 337

5, 2255,280

1, 715

53. 6752.0052.50

175 075134, 32533, 549

1, 349, 288168, 286125, 73642, 550

7,99190

.0471

56.00.0400

44.00

7,4842,207

51

529, 39329, 92899, 315

7,635

6,0143,0342,9805,8611,2634,598

13, 69313, 76910, 551

12,4976,932

25, 90422, 2303,675

699

63

1,4591,101

620

180, 38281, 77051, 476

5, 4925. 402

1,729

53. 8052.0052.50

173 635132. 12935 227

1, 318, 889155 840114, 27141, 569

8,20589

.0471

56.00.0400

44.00

7, 0522,117

48

339, 75942, 05892, 539

2,829

2,295985

1,3096,2451,2724,973

1,5523,1638,940

2,4871,403

27, 17022, 6114, 559

860

47

1,446835502

173, 35374, 44646, 511

1, 0681,110

1,669

53.8152.0052.50

141, 628114, 41030, 455

1, 248, 204135, 398101, 86133, 537

1,63918

.0471

56.00.0400

44.00

6,4061,655

35

223, 83254, 73589, 5594,805

2,201906

1, 2956, 5901,2995,291

2,7831,8059,906

1,9041,544

27, 38822, 9044,484

726

58

1,410636432

166, 51745, 26629, 675

1,003946

1,689

54.2652.0052.50

119, 03697, 63320, 752

1, 289, 59796, 82869, 16527, 663

1,62718

.0476

56.00.0400

44.00

6,5021,629

25

302, 28536, 708

111,9577,601

6,1273, 0603, 0677 0271,3795 648

14, 97415,9928,888

14, 3687,243

34, 13729, 4494,688

847

63

1,5131,002

602

162, 83263, 71639, 308

5,8315, 671

1,801

56.3154. 5055.00

150, 232113, 997

24, 013

'11,399,969r l 120,966' i 79,535'141,431

8,49992

.0498

59.00.0420

44.00

6,1331,964

34

r 368, 12021,991

142, 0368,024

r 6, 4773,2703,2077 0451, 3885 658

15, 91216, 3018,500

14, 3897,659

41,53236, 2065,3261,172

64

1,4511,119

626

168, 36775, 95045, 849

6, 1646, 007

1 864

56.3154. 5055.00

158 392121, 40219, 930

1,391,998149, 642107, 96641, 676

9,062102

.0498

59.00.0420

44.00

5,7332,188

41

448,19739, 176

221,3045, 133

7,0073,5733,4347 0331,4285 605

14, 27115, 5887,183

13,0138,048

47. 83941. 6996, 1401,065

90

1,3921,233

684

168, 60988, 06252 922

6, 5156,510

1,830

56.3154. 5055.00

165, 155124, 62622, 61C

1, 393, 137178, 475130, 51547,960

9,807107

.0498

59.00.0420

44.00

' 5, 3962,277

36

9,2957,826

51, 20844, 3186, 890

6, 227

56. 31" 54. 50p 55. 00

9,439106

.0498

59.00.0420

44.00

4,8841,892

28rRevised. l See note marked "J" for this page.OData beginning 1951 have been adjusted in accordance with the revised export schedule to exclude exports of tinplate, circles, strips, etc.§Data beginning January 1951 are estimated totals derived from a survey of approximately 1,300 establishments by the Bureau of Mines and the Bureau of the Census.<|Data beginning August 1952 are estimated industry totals based on reports from producers whose shipments in 1947 accounted for 98 percent of total shipments; unfilled orders are for

commercial forgings only, i. e., exclude forgings for own use. Data for May 1951-July 1952 are as reported by producers whose shipments averaged 50 tons or more per month; unfilled ordersfor this period include captive shipments.

JFor 1952, percent of capacity is calculated on annual capacity as of January 1, 1952, of 108,587,670 tons of steel; 1951 data are based on capacity as of January 1, 1951, of 104,229,650 tons.




1951

Novem-ber

Decem-ber

1952



METALS AND MANUFACTURES—Continued

IRON AND STEEL— Continued

Steel, Manufactured Products—Continued

Cans, metal, shipments (in terms of steel consumed),total short tons

Food doNonfood do

Shipments for sale doCommercial closures, production millions..Crowns, production thousand grossSteel products, net shipments:

Total thous. of short tonsBars hot rolled — Carbon and alloy do

Reinforcing doSemimanufactures doPipe and tubes doPlates _ _ _ _ _ _ do _Rails doSheets doStrip— Cold rolled do

Hot rolled doStructural shapes, heavy _ _ _ _ _doTin plate and terneplate doWire and wire products _ _ _ _ _ _ _ do

NONFERROUS METALS AND PRODUCTS

Aluminum:Production, primary _ short tons ..Imports, bauxite long tonsPrice, wholesale, scrap castings (N. Y.)

dol. per lb_.Aluminum fabricated products, shipments,

totaled mil of IbCastings doWrought products, total cf do

Plate, sheet, and strip doBrass sheets, wholesale price, mill dol. per lb__Copper:

Production:Mine production, recoverable copper

short tons__Crude (mine or smelter, including custom in-

take) ._ _ _ short tons_Refined do

Deliveries, refined, domestic _ d o _ _ _Stocks, refined, end of month doExports refined and manufactured doImports, total do

Unrefined, including scrap doRefined _ _ _ _ _ d o

Price, wholesale, electrolytic (N. Y.)__dol. per l b _ _Lead:

Ore (lead content):Mine production short tonsReceipts by smelters, domestic ore _ _ do_

Refined (primary refineries) :Production _ do._Shipments (domestic) doStocks, end of month _ _ do _

Price, wholesale, pig, desilverized (N. Y.)dol. per lb__

Imports, total, except mfrs. (lead content)short tons__

Tin:Production, pig long tonsConsumption, pig doStocks, pig, end of month, total§-_ _ _ _ _ do _

Govcrnment§ doIndustrial _ _ _ _ _ _ _ _ . d o _ _ _

Imports:Ore (tin content) _. _ __ _ _ _ __ doBars, blocks, pigs, etc do

Price, wholesale, Straits (N. Y.) dol. per l b _ _Zinc:

Mine production of recoverable zincshort tons__

Slab zinc:Production. _ _ doShipments, total do

Domestic _ _ _ _ __ do _Stocks, end of month do

Price, wholesale, prime Western (St. Louis)dol. per l b _ _

Imports, total (zinc content) short tons__For smelting, refining, and export doFor domestic consumption:

Ore (zinc content) doBlocks, pigs, etc do

HEATING APPARATUS, EXCEPTELECTRIC

Boilers, radiators and convectors, cast iron:Boilers (round and square) :

Shipments _ _ thous. of IbStocks, end of month do

Radiation:Shipments thous. of sq. f t _ _Stocks, end of month _ dor Revised. 1 Data beginning 1952 are in accorc

exports amounted to about $1.5 million in January-'

263, 468156, 035107, 433229, 422

82019, 900

6,509778155283784666136

1,693165184421327479

72, 246229, 563

.0775

180.841.7

139.278.8.383

76, 917

82, 617103, 614123, 64668, 16016, 48839, 71413, 15126, 563.2420

32, 32628, 775

36, 23437, 08425,871

.1900

20, 009

2, 0554,595

20, 3588,308

11,909

6431,188

1. 0300

57, 195

79, 37677, 41970, 08425, 041

.195021, 4395,411

9,0366,992

19, 33568, 584

3,5127,572

lance withSeptember

235, 107140, 32594, 782

203, 902774

16, 903

6,411748162313777708146

1,590154180409352441

72, 454203, 624

.0775

175.240.9

134.375.5.383

78, 939

86, 68098, 532

119, 57771, 52816, 59936, 02119, 22916, 792.2420

33, 49927, 273

36, 75437,27425, 339

.1900

25, 765

1,9724,397

17,8436, 753

11,018

1,8201, 591

1. 0300

57, 269

81,76984, 90973, 69421, 901

.195023, 9256,473

9,7277,725

11, 16869, 677

2,4707,784

the revisec1951. 2 ]

234, 372143, 99790, 375

195, 980976

22, 717

6,589797168285811707156

1,644180186427298477

76, 934325, 071

.0775

193. 844.6

149.181.3.383

77, 691

83, 192100, 269130, 43060, 836

1 10, 59849, 58016, 67432, 906

.2420

34, 38128, 501

43, 74640, 39028, 578

.1900

15, 390

1,9844,879

14,7514,525

10, 125

1441,005

1. 0973

59, 523

83, 20578, 40375, 03926, 703

.195018,7112,306

11,7414,664

11, 31873, 039

2,7848,382

1 export scDroduction

235, 648144, 43991, 209

199, 445896

24, 316

6,358757158268795711138

1, 534158171437359448

72, 374212, 481

.0775

191.345.0

146. 378.7.383

72, 564

80, 87695, 979

104, 79559, 74712, 84241, 94128, 36113, 580.2420

34, 33740, 148

44, 13341, 29131, 297

.1900

42, 460

1,9904, 524

13, 2973,6179, 567

1,472598

1. 2150

59, 098

77, 29677, 44870, 92826, 551

.195049, 2254,996

38, 9805, 249

10, 21177, 267

2,2268,702

ledule andby detinn

266, 920157, 279109, 641228, 841

96225, 357

6,890801193317872784162

1,609156170431478465

77, 069311, 137

.0775

200.146.4

153. 682.9.383

78, 851

87, 11094, 563

112, 62558, 48715, 30348, 27225, 92822, 344.2420

33, 66241, 251

48, 94339, 16141, 040

.1900

81, 496

2,0224,489

18, 2429,0049,119

8217,752

1. 2150

61, 292

85, 02885,57579, 89726, 004

. 1950123, 605

6,821

108, 2808,504

9,16181, 800

2,0748,893

include ceers only.

287, 223173, 414113, 809240, 976

1,10427, 774

5,922693144292718658128

1,434143143354398422

76, 880209, 286

.0775

209.749.8

159.985.1.383

80 332

89, 47998, 402

107, 35561, 22319, 49442, 94823, 35419, 594

.2420

34, 36335, 762

39, 32938, 22541, 820

.1892

57, 770

1,9893,919

26. 17215, 45810, 645

73210, 8941. 2150

60, 443

83,01185, 59272, 71623, 423

.1950122, 483

7,993

106, 9257,565

9,48087,814

1,76010, 010

rtain prim

277, 629175, 158102, 471239, 311

1,07130, 241

5,947740158305723637133

1,484140156361334403

80, 803248, 033

.0768

205. 547.8

157.886.5.383

81, 996

92, 94697, 593

105, 86055, 35120, 25237, 17214, 34222, 830

.2420

33, 76736, 149

45, 54628, 59158, 775

.1573

73, 435

1,9523, 751

33, 09322, 7419,820

9347,418

1. 2150

63, 017

83, 79774,07663, 70133, 144

.1950104, 640

5,047

92,7166,877

13, 34690, 225

2,1459,665

ary forms

333, 416218, 947114, 469287, 127

1,01030, 773

1,250123

2855

18211011

321623336

10485

77, 476272, 633

.0725

200.945.3

155. 587.7.383

74, 032

80, 39292, 15198, 41670, 85618, 34733, 06126, 3386,723.2420

31, 70232, 962

38, 98739, 56358, 190

. 1526

67,6112 1891,789

26, 30115, 90410, 358

3,0709,951

1. 2150

58, 063

77, 46347, 26535, 76963, 342

.1574106, 749

2,097

98, 1656,487

16, 96288, 017

2, 9258,782

of copper

423, 894293, 370130, 524388, 040

99828, 531

1,41413035

120152107

3425

593529

125108

78, 368318, 763

. 0708

188.840.1

148.786.1.402

76, 207

81, 60196, 049

115, 38473, 65715,43565, 84738, 88326, 964.2420

29, 84928, 829

37, 48951, 53444, 140

.1600

32, 765

21631, 933

31, 03721, 0099,996

5,4816,619

1. 2150

50, 231

76, 93043, 35338, 71496,919

. 150079, 445

832

62, 70815, 905

17, 28579, 487

2,9157,676

manufactu

465, 820348, 906116,914421, 221

1^12629, 462

6,312744188306717680121

1,567127155428479416

85, 175305, 987

.0740

206.346. 8

159. 692.2.402

74, 104

79, 36895, 366

127, 91083, 77114, 60461, 11121,35539, 756

.2420

30, 24932, 393

41, 83645, 49939, 767

.1600

40, 196

2 2314,553

25,23318,4118,140

2,3788,501

1. 2150

49, 402

78, 16778, 43572, 96396, 651

.14069,4701,164

4,0884,218

24, 03773, 627

3,9746,507

res former

460, 155348, 500111,655405, 368r 1,14633, 060

6,542787181352797649148

1,639156192386412447

76, 882323, 849

.0750

165. 795.8.402

74, 820

82, 42698, 930

135, 48671, 45620, 94567, 81725, 60542 212

.2420

30, 22632, 919

42, 79149, 85031, 837

. 1600

47, 440

2,732r 4, 52725, 27315, 534

9, 361

1, 1367. 586

1.2138

48, 706

76, 01978, 12969, 34394, 541

.139814, 9761,371

4, 4549,151

29, 45563, 833

4, 7295,032

ly exclude

355, 341240, 159115,182304, 836

1,22933, 467

7,156847197377861709156

1,819189207412435497

77, 312374, 602

.0750

183.8107. 6.402

78, 752r 84, 824105, 770

r 138, 75959, 76018, 22659, 91021 , 02838, 882

.2420

32.91033, 770

51, 52143,15037,718

.1440

59, 392

3, 6015,002

14, 266

4, 8696, 883

1.2123

52, 455

80. 58879, 78771,65995, 342

. 133021,3222,939

6, 10512, 278

33, 55255, 159

4, 9624,199

d; the vali

74, 639

.0750

165.698.2.402

80, 634100, 075125, 33869, 237

.2420

30, 537

49, 80651,27135, 686

.1416

1.2127

78, 56390, 76681,43983, 149

. 1250

ie of such

cf See note in June 1951 SURVEY regarding additional reporting companies beginning February 1951.§Government stocks represent those available for industrial use; total stocks include small amount not distributed.


SURVEY OF CURRENT BUSINESS January li.).~3

L'nless otherwise stated, statistics through1950 and descriptire notes are shown in the1951 Statistical Supplement to the Survey

1951wn in theic Survey Novem-

berDecem-

ber January Febru-ary March April May June J ub- August Septem-


METALS AND MANUFACTURES—Continued

II EATING APPARATUS— Continued

Boilers range shipments numberOil burners:

Orders unfilled, end of month doShipments doStocks, end of month. _ .. . _ d o _ _ J

Stoves and ranges, domestic cooking, excl. electric:Shipments, total number _ _

Coal and wood doGas (incl. bungalow and combination). .-doKerosene, gasoline, and fuel oil do

Stoves, domestic heating, shipments, total doCoal and wood _ . doGas doKerosene gasoline and fuel oil do

Warm-air furnaces (forced-air and gravity-air flow),shipments, total . number. .

Gas doOil .. - do ..Solid fuel do

Water heaters, nonelectric, shipments doMACHINERY AND APPARATUS

Blowers, fans, and unit heaters, quarterly:Blowers and fans new orders thous of dolUnit heater group new orders do

Foundry equipment (new), new orders,net 1 937-39 = 100 _ .

Furnaces, industrial, new orders:Electric thous. of doL .Fuel-fired (except for hot rolling steel) do

Machine tools:New orders 1945-47 — 100Shipments do

Mechanical stokers, sales:Classes 1 2 and 3 numberClasses 4 and 5:

NumberHorsepower

Pumps, steam, power, centrifugal and rotary, neworders thous. of dol

ELECTRICAL EQUIPMENT

Batteries (automotive replacement only), ship-mentsf - - thousands. -

Domestic electrical appliances, sales billed:Refrigerators index 1936—100Vacuum cleaners, standard type number._WashersO do .

Radio sets production* doTelevision sets (incl. combination), production*

number. .Insulat ing materials and related products:

Insulating materials, sales billed, indexl 1936=100^Fiber products:

Laminated fiber products, shipments§thous. of dol. _

Vulcanized fiber:Consumption of fiber paper thous. of l b _ _Shipments of vulcanized products

thous. of doL.Steel conduit (rigid) and fittings, shipments 9

short toris-.Motors and generators, quarterly:

New orders index 1936 100

32, 014

35, 84364, 64169, 437

215,97411,474

193, 12411,376

455, 983124,919203 212127, 852

84, 09337, 17934. 96611,948

174,275

305. 5

2,8822, 519

330. 5226.0

1,998

15235, 707

5,908

2, 232

87219, 119268, 645747, 914

415, 332

511

7, 513

4,711

1,523

26, 409

Polyphase induction motors, 1-200 hp:^New orders thous of dolBillings do

Direct current motors and generators, 1-200 hp:o"New orders thous of dol

g

26, 129

38, 03340 39276, 136

168. 2329, 435

150, 9307, 867

184, 56346, 75181,61156, 201

55, 71826 99222, 7785, 948

147, 635

30, 82816 430

230.5

2. 1002. 873

376. 5264. 7

1,095

11521,284

5, 553

1, 792

115230, 263224, 471868,100

467, 108

466

6, 833I

4,170

1, 232

23, 871

573

44 18940, 722

10,7136 619

31, 193

40,25645,74877.518 '

184, 2759, 501

166, 6698, 105

145, 26822, 76163. 69658,811

50, 00224, 30620, 498

5, 198171,337

404. 5

2, 8563. 379

347. 8266. 6

1, 327

1614:1 931

5, 517

1, 639

153230, 226218,956632, 455

404, 933

548

8,115

4. 836

1, 646

25, 982

28,245

36, 78937. 79280, 775

187.505 !

9. 589166, 687

11,229

144, 46219,31860, 84364, 301

48. 52924,01719,3095, 203

167, 335

200.4

1 , 3632,418

318 8279. 6

1, 145

11557, 455

6, 020

963

153235, 936261,512759, 453

409, 337

528

7, 830

4. 484

1.618

25, 530

22,202

39, 10340, 03881, 408

204, 6578, 625

185, 75110,281

154, 43425, 45064, 12064, 864

51,27725, 79720. 848

4, 632172, 320

30, 19113, 483

310.0

2, 1001,809

324. 3299. 5

960

13139, 165

5, 925

769

163290, 092254, 135975. 892

510, 561

536

7, 796

4,216

1, 565

517

42, 45544. 820

23, 446

36,284 •45,805 !80, 183

199. 6057.475 '

182,9429.188

147. 43525, 38162,01460, 040

50. 93327, 02919, 6954,209

176, 609

385. 1

2. 2983.613

293. 5307. 9

1,059

13650, 528

(i, 354

850

133217, 169222, 266847, 946

322, 878

i 545

7, 899

4,133

1,430

22, 767

i8.793 ;9,410

22, 850

41,70751, 74374, 183

179, 4966, 267

163, 4469,783

172, 30335, 67676, 32460, 303

58, 73232, 23920, 5835, 910

181,389

225.2

3,7133, 037

284.6323. 0

1, 157

14344, 329

fi, 140

1,137

128216, 969219, 882748, 344

309, 375

o!7

7, 739

3, 640

1, 332

23, 243

17, 851

42, 96357, 83072, 468

192, 5405, 702

176, 40510, 433

230, 74140, 963

120, 87868, 900

70, 20636, 62727, 2356, 344

182,851

38, 73111,805

353. 8

1, 5522,968

342.9330. 8

1, 725

17133, 302

7, 957

1, 535

192206, 939281, 635874, 253

361, 152

500

7, 558

i 3, 720

1, 296

13. 881

517

36. 446. . _ 40,443

20, 010

54, 73767, 04461. 577

170, 1467.080

154.9078, 159

393, 83479, 027

197. 680117.127

78, 26638, 73830, 9508. 578

157. 595

343.9

2. 5306. 703

376. 3259. 7

1, 667

24947, 981

6, 299

2, 526

197188, 715209 901441, 736

198, 921

470

7, 597

2,179

1, 027

7, 214

21, 197

63, 80584, 62050, 593

' 198, 6048,820

r 180, 3469,438

515, 356132, 211236, 849146. 296

105, 41051, 28940, 65413, 467

187, 949

311.6

1, 6265, 259

311.1317.0

2, 621

17231,079

5, 921

2, 905

148222, 413259, 280543, 802

397,769

451

6. 718

3, 038

1,210

17, 021

21, 979

66, 080104, 09842, 993

r 221, 468r 9, 037r 200, 946

11,485

r 565, 508r 158, 564r 241, 419

165, 525

116,30054, 36846, 41915,513

r 202, 432

32 959

20, 797

57, 874119,37036, 076

264. 1969, 905

241,13813, 153

659. 965179, 921304, 169175, 875

126, 75459, 07151, 33116,352

21 8, 582

14 456 '

365. 9

1,4122 470

302.4368. 3

2.978i! 183

37, 656

5, 258

r 2, 874

136237, 541287, 919865, 654

! 755, 665

1 531

! 8. 223

3, 759

1, 3X0

28, 645

463

36 94f>

335.8

! 2, 459| 1 , 520

r 243. 3! ' 357. 8

r 3, 073

i 1 "8r 3 1.366

r 3. 1 12

122292, 474335,616

! 772. 346

724,117

; 599

9,110

i 4.160

1 , 694

21.944

"

258. 1

! * 210. 1

p 338. 2

i 1,935

1 1 521,221

2, 180

254,297

924. 195

780, 486

! 8. 956

3. 6581 , 462

21, 108

' 35.210 '

13,614 1 _ _ . . i 9 2699. 787 ' _ .. : ! 7, 905

PETROLEUM, COAL, AND PRODUCTS

COALAnthracite:

Production thous. of short tonsStocks in producers' storage yards, end of month

thous. of short tons..Exports doPrices, chestnut:

Retail, composite! dol. per short tonWholesale, f. o. b. car at minef do

Bituminous:Production thous. of short tonsIndustrial consumption and retail deliveries, total

thous. of short tons._Industrial consumption, total do. -

Beehive coke ovens __ _ _ . doOven-coke plants doCement mills - - - doElectric-power utilities doRailways (class I) doSteel and rolling mills doOther industrial do

Retail deliveries do

4, 129

1,055633

23. 3114. 513

49, 207

41, 43534, 027

9338,367

7819,3824,344

7059,5157,408

3,713

982583

23. 3114. 513

44, 000

42, 80334, 660

9718,670

7589,2674, 463

7589,7738,143

3,974

939534

23. 3114. 513

49, 900

44, 28434, 895

9988, 758

7409,5404, 301

7759, 7839,389

3,162

1,018391

23. 3114.513

43, 770

39. 58731,757

9278,171

6738, 4343, 877

7438,9327,830

2.959 ' 3,187

1,024 1,026391 295

23.31 ! 23.0814.513 13.394

41,075 39,300

39, 240 ' 32, 63632,170 28,422

899 6858, 807 7, 027

665 6088, 510 7. 7813,698 3.321

677 5828. 914 7, 8187, 070 i 4, 214

3,203

1,149340

21. 6913. 456

36, 515

30, 75827, 741

6817, 854

6377, 7243, 075

5627,2083,017

3,103

1, 264360

21.7713. 631

31, 460

23, 21320, 235

1332, 930

5827, 3692, 569

2086,4442,978

!2,484 2,663

1,447 1,420233 423

22. 38 22. 5413. 869 ; 14. 119

25,800 34,320

23.489 32,64120, 270 27, 429

104 3833,293 ; 8,259

603 ! 6817, 597 1 8, 2502,342 2,722

229 5326, 102 I 6, 6023,219 j 5,212

3, 705

1,314496

22.9214. 219

46, 890

34,51228, 336

6248, 230

6798,4942, 852

5386,9196, 176

r 4.150

1,30049S

23. 771 t. 6X1

r 32. 765

38. 8813 1 . 945

5348, 633

6999, 5823, 128

6238, 7466, 936

3. 354

1,479

24.0U14.681

40, 850

36, 96131, 905

5518, 446

7259, 6043,031

6538, 8955, 056

T Revised v Preliminary.tRevised series. For revised batteries data beginning 1947, see note at bottom of p. S-35 of the July 1952 SURVEY. Retail prices of coal are weighted averages for large cities. Wholesale

prices supersede former quotations on tracks, destination. Revised price data prior to 1951 will be shown later.

tion, 2d half of 1951, 33f beginning 1952, 34; direct current, beginning 1951, 28.


. J i t ini i i rv l!t.~>3 SURVEY OF CURRENT BUSINESS S-35

UnleHs otherwise stated, statistics through1950 and descriptive notes are shown in the1951 Statistical Supplement to the Survey

roughin theSurvey

1951

Novem-ber


ary March April

1952

May June July August Septem-ber October Novem-

ber

PETROLEUM, COAL, AND PRODUCTS—Continued

CO A L— Continued

Bituminous — ContinuedConsumption on vessels (bunker fuel)

thous. of short tons__Stocks, industrial and retail dealers', end of

month, total thous. of short tonsIndustrial, total do_- -

Oven -coke plants _ _ doCement mills doElectric-power utilities _ _ doRailways (class I) doSteel and rolling mills doOther industrial _ _ _ _ do

Retail dealers do

Exports doPrices:

Retail, composite f dol. per short ton..Wholesale:

Mine run, f. o. b. car at minet doPrepared sizes, f. o. b. car at minef do

COKEProduction:

Beehive§ thous. of short tonsOven (byproduct) doPetroleum coke _ _ - do_

Stocks, end of month:Byproduct plants, total do

At furnace plants doAt merchant plants _ do.-.

Petroleum coke doExports do _Price, beehive, Connellsville (furnace)

dol. per short ton__

PETROLEUM AND PRODUCTS

Crude petroleum:Wells completed numberProduction thous. of bblRefinery operations percent of capacityConsumption (runs to stills) thous. of bbl..Stocks, end of month:^

Gasoline-bearing in U. S., total doAt refineries _ do4t tank farms and in pipelines doOn leases - - - do

Exports . .. - .-doImports doPrice (Oklahoma-Kansas) at wells. _. dol. per bbl_.

Refined petroleum products:Fuel oil:

Production:Distillate fuel oil thous of bblResidual fuel oil _ _ _ _ _ _ d o _ _ .

Domestic demand:Distillate fuel oil doResidual fuel oil _ _ _ . do

Consumption by type of consumer:E lectric-power plan ts J doRailways (class I) . _ - d o . _ .Vessels (bunker oil) do

Stocks, end of month:Distillate fuel oil ... _ _ _ _ do _Residual fuel oil do

Exports:Distillate fuel oil doResidual fuel oil do

Prices, wholesale:Distillate (New York Harbor, No. 2 fuel)

dol. per gal_.Residual (Okla., No. 6 fuel) dol. per bbl._

Kerosene:Production _ thous. of bblDomestic demand . ._ _ __ _ . ._ doStocks e n d o f month _ _ _ _ _ _ _ d oExports doPrice, wholesale, bulk lots (New York Harbor)

dol. per gal_-Lubricants:

Production thous. of bblDom estic dem and doStocks, refinery, end of month doExports© - - doPrice, wholesale, bright stock (midcontinent,

f. o. b. Tulsa) dol. per ga l__

91

77, 85875, 94815, 1231, 508

34, 1044,1631,151

19, 8991,910

5,420

16. 14

5. 6976. 756

r6235,882

335

1, 7581, 284

49583

111

14. 750

2,040188, 149

97198, 258

261. 10065, 297

177, 98217,821

1, 85813, 050

2. 570

40, 72639,111

47, 22150, 982

5, 9653,3136, 331

94, 91745, 378

1,2421 962

.0911. 650

12, 08314, 96029, 948

538

.101

5,1443,4219, 1111,441

.290

35

76, 63674, 88615, 2701,424

33, 3984,1721,181

19, 4411,750

4,478

16. 15

5. 6976.773

6256,114

325

1, 7381,295

443104109

14.750

1,947191, 650

98206, 032

255, 78362,311

175,48117, 991

2,14711,835

2. 570

44, 69340, 693

57, 23354, 382

6, 3333,244

15, 484

80, 78542, 063

1, 8542 006

.0911. 650

12, 17116, 74424, 933

387

.101

5, 1573, 1639,6171, 429

.290

19

75, 42373, 79214,8271 , 361

32, 6924, 1611,213

19, 5381, 631

5,163

16. 16

5. 6976. 773

637fi, 168

331

1 , 8101,421

389134112

14. 750

2, 151192,712

94205, 829

254, 00762, 436

173, 47118,100

2, 30316, 0432. 570

45. 14141, 483

63, 18556. 24(5

6, 0683, 0326, 906

i 66, 969i 39, 523

1 8941 816

. 0911.650

1 3, 04016. 633

1 22. 679752

.101

4 9633, 3819, 8561 , 292

.290

19

76, 47474, 96715,786

1,34232, 710

4,2371,276

19,6161,507

3,982

16.16

5. 6976.769

5895, 770

310

1,7651, 455

31014286

14. 750

1,929184, 654

95193, 524

255, 90064, 614

173,31517, 971

2,21114, 0832. 570

44, 31438. 352

54, 48949, 796

4, 7752, 7676, 447

55, 36938, 295

1,6541 847

.0911. 500

10, 74214,60818, 530

217

.101

4, 4562,827

10, 0491.357

.290

16

77, 29376, 04216, 7271,276

32, 7244,2991,322

19, 6941, 251

4, 050

16. Ib

5. 6976. 745

5766,204

321

1,8321, 530

30216479

14. 750

2,101198, 028

93205, 825

259, 12663, 612

177,42218, 092

2, 93914, 1862. 570

43, 40239, 482

49, 08150, 721

5, 2222, 8516, 760

48, 75037, 971

] 3162 059

.0911. 500

11,96412.85316,817

652

.101

4 9212,990

10, 1691, 751

.290

76

78, 14176, 81016, 6521,245

33, 6174, 2541,353

19, 6891,331

4,248

16.16

5.6246.349

4335, 374

296

1,8731,459

41315989

14. 750

2,063192, 882

89193,039

270, 67969, 159

183, 75117, 769

3,34017, 4952.570

39, 35337, 602

33,92145,119

4,2042, 5006, 317

51,63438, 561

2 7912 244

. 0911. 400

10 9788, 150

18 955613

.101

4 8313, 509

10 1541,276

.290

92

79, 49678, 03316, 994

1, 26134, 5454,1101,336

19, 7871,463

4,885

15. 99

5. 6236. 317

4265, 536

201

1,9611, 538

42415862

14. 750

2,196158,310

71152, 062

290, 81372, 875

197, 00120, 937

1,71815, 5702. 570

30, 43230, 336

27, 86738, 500

3,7172,4346, 438

51, 64838. 821

2 6412 500

.0911. 350

7 0845, 504

19,614950

.101

3 4922, 5259 6101,448

.290

84

80, 74479,10816,4461,412

35, 8023, 9961, 269

20, 1831, 636

4,862

16.02

5. 6296. 378

1122, 361

267

2,5572,007

55012258

14. 750

2,017185,917

96204, 762

285, 96471,950

194, 52519,489

2 38817,1712. 570

43 64036, 827

25,81536, 285

3,9122, 4636, 156

65 91145, 688

3 6132 588

.0911.150

9 5195 268

23 061740

.101

4 8553,4149 6941 297

.270

79

79, 35977, 69816, 1361,456

35, 8953, 5601,195

19, 4561,661

4, 003

16.13

5.6406. 487

712,305

306

3,2972,479

81910353

14. 750

2,141188, 868

96214, 729

275, 95170, 352

187, 34118, 258

1,87617, 4972. 570

45 73538. 337

23, 29137, 027

4, 3802 4396, 109

85 77552, 245

2 9992 473

.098

.950

11 0835 883

27 387796

.108

4 5583,2249 7751*295

.270

76

81, 23879, 56716, 0661, 616

36, 7973,4431, 158

20, 4871,671

4, 288

16. 22

5.6406. 544

2535, 787

317

3,1422 294

8489844

14. 750

1 938192 798

99202, 661

264 36867, 497

178 39418, 477

1, 96618 1242. 570

46 93338' 822

26, 22142, 094

5, 3802 4976, 563

104 25754[ 061

2 3061 583

.098

.900

11 6206 014

32 401525

.108

4 8573, 3439 Q201 610

270

75

83, 29881,49215, 7281,746

37, 7223,4871,236

21,5731,806

3, 760

16.28

5. 6556. 680

3975,784

323

2,8382, 132

7069751?

14. 750

1,660195, 528

98210, 510

264, 72365, 241

181, 58017,902

1,66418, 3062. 570

45 05336, 887

28, 836r 41, 267

6,0282 6186, 342

117 25256, 200

3 2691 1(H

.098

.900

10 4987 156

35 021655

.108

4 6943,' 4339 7451 070

270

77

77, 95176, 36914. 437

1, 62436, 393

3.0411, 156

19,7181,582

3, 010

16. 54

6. 01 66. 951

r 3336,117

314

2, 5411,957

5838741

14. 750

1.794202. 044

96213, 358

269, 77666, 084

185,90017,792

1,52620, 065

2. 570

45 18337 321

39, 36050, 402

7,1622 8276,981

120 72153] 052

9 g4o1 373

.098

.900

10 91912 23033 289

358

.108

4 9403,7119 8691 055

9fin

76

75, 97874, 22013, 645

1,60736, 195

2 8971, 085

18, 7911, 758

16.66

6. 0166. 957

3565 961

2, 4451 920

524

14. 750

2. 570

7,749

6, 354

.098

.900

.108

9*n

d. 1 New basis. Comparable data for December 1951 (thous. bbl.): Distillate fuel, 85,872; residual fuel, 42,955; kerosene, 26,940.series. Retail prices are weighted averages for large cities. Wholesale prices supersede former quotations on tracks, destination. Figures prior to 1951 will be published later.

r Revised.f Revised . .§Revisions for 1950 will be shown later. cf1 Includes stocks of heavy crude in California.{Revisions for January- July 1951 will be shown later.©Excludes "special category" exports not shown separately for security reasons.NOTE FOR RADIO, TELEVISION SERIES, P. S-34. *Ncw series. Compiled by the Badio- Television Manufacturers Association. Data represent industry totals based on reports

from both members and nonmembers of the association. Both private and company brands are included. Radio production comprises home, portable battery, automobile, and clock models;television sets include combination models. Annual totals for 1924-46 for radios and monthly data for 1947-50 for radio and television sets are shown on p. 20 of the October 1952 SURVEY.Data for December 1951 and March, June, and September 1952 cover 5 weeks; other months, 4 weeks.


S-36 SURVEY OF CURRENT BUSINESS January 19o3


1951

Novem-ber

Decem-ber

1952

January Febru-ary March April May- June July August Septem-


PETROLEUM, COAL, AND PRODUCTS—Continued

PETROLEUM AND PRODUCTS—Continued

Refined petroleum products — ContinuedMotor fuel:

All types:Production, total _ _ thous. of bbl .

Gasoline and naphtha from crude petro-leum thous. of bbl _

Natural gasoline and allied products. do ..Sales of 1. p. g. for fuel, etc., and trans-

fers of cycle products _ _ thous. of bbl__Used at refineries do

Domestic demand doStocks, gasoline, end of month:

Finished gasoline, total _ _doAt refineries do

Unfinished gasoline _ do .._Natural gasoline and allied products do

Exports cTL- -_ _ d o _ _ -Prices, gasoline:

Wholesale, refinery (Oklahoma, group 3)dol. per gal ..

Wholesale, regular grade (N. Y.)* doRetail, service stations, 50 cities do

Aviation gasoline:Production, total thous. of bbl

100-octane and above. _ do _Stocks, total do

100-octane and above.. doAsphalt:

Production __ _ __ short tons _Stocks, refinery, end of month do

Wax:Production thous. of IbStocks, refinery, end of month . _ do

Asphalt products, shipments:Asphalt roofing, total thous. of squares. _

Roll roofing and cap sheet:Smooth-surfaced - doMineral-surfaced do

Shingles, all types . _ doAsphalt sidings doSaturated felts short tons

95, 859

84, 97618, 191

7,3088,917

88, 702

105,11758, 1006,9118,3794.071

.104

.129

.203

6, 3905, 2667,7263,853

884, 700975, 600

101.080196, 280

4,141

1,0291.0822.029

19244, 742

100, 039

88, 80018, 941

7,7028,838

84, 394

117, 23570. 051

7,7478,1863,476

.103

.129

.203

6,5555,4358,2774,356

671,3001, 203, 600

92, 400202, 440

2,485

634656

1,195120

32, 602

98, 551

87. 44619, 058

7,9538,459

86, 863

136, 16181.0548,1787,8962,558

.103

.129

.200

6,4095, 4808,3994,483

605, 6001, 331, 500

98, 280194, 040

3,516

928882

1, 705163

44, 641

93, 134

82, 05218, 070

6.9888,113

82, 043

143, 91087, 4588,0028, 5852,144

.103

.129

.199

6, 1374,8758, 5034,421

719, 3001, 527, 300

100. 240190,400

3,549

876861

1,811144

46, 644

99, 093

87, 09618, 724

6,7278,038

87, 065

152,55690 6958, 1339.5271,903

.104

.129

.201

6. 9225, 8488, 5294,507

739, 3001,713,500

95, 480199,360

3,869

913888

2, 067135

45, 957

92, 553

81,81917, 917

7,1838,041

98, 653

143, 51283, 1298,3789, 3662, 466

.100

.129

.202

6,1165, 0767, 6333, 761

922, 9001, 753, 500

94, 360193,480

4,742

1.0191,0462, 676

12652, 791

74, 485

63, 75216, 796

6,0637,398

101, 137

116,03964, 7317,6179,246

975

.103

.129

.205

4,9064,3397,8594,422

1,009,5001,660,500

80, 360179, 200

,m1,0401,1093,023

12359, 274

98, 340

86, 63817, 310

5,6088,437

99, 305

112, 23260, 3897,934

10, 0351,889

.104

.129

.205

6,0035,0687,3323,863

1. 280, 7001,436,000

96, 880179,760

5,103

1,0011,1332,969

11952, 540

105, 022

93, 37317, 669

6,0208,761

105, 307

108, 70857, 1807,858

10, 0952,730

.104

.129

.204

6,5525,4177,3113,878

1,383,6001, 167, 100

92, 680169,680

5,355

1, 0601,1663,130

13656, 335

107, 427

95, 74218, 259

6,5748,938

102 954

110,75057, 2447,8429,7222,203

.104

.129

.203

6,9885,9777, 8654,470

1, 493, 500967, 500

116, 200173, 600

5,856

1,1691,3653,322

15161 200

104, 977

93, 66318, 248

6, 9349 186

100 095

113, 69859 2767,2938 9252,164

.104

.129

.204

6 6945, 3258 0854,259

1, 475, 100755 800

105 000168, 000

6,387

1,3211 5493,517

19062 439

104, 873

92 56419, 605

7,2969 759

103 689

111,77058 1808.2928 8902,386

.104

.129

.202

7 1936.1918 3864, 751

1, 407, 100690 400

113 120158, 480

6,609

1,4051 6173, 587

22467 754

.104

.129

.201

4 254

9501 0372 266

17459 OQQ

PULP, PAPER, AND PRINTING

PULPWOOD AND WASTE PAPER

Pulpwood :Receipts _ _ _ thous. of cords (128 cu. ft.) _ _Consumption doStocks, end of month do

Waste paper:Receipts short tonsConsumption _ _. doStocks end of month do

WOOD PULPProduction:

Total, all grades thous. of short tons.-Bleached sulphate short tonsUnbleached sulphate doBleached sulphite doUnbleached sulphite . doSoda - doGroundwood doDefibrated, exploded, etc _ _. _ do. _

Stocks, own pulp at pulp mills, end of month:Total, all grades short tons

Bleached sulphate . do.Unbleached sulphate doBleached sulphite doUnbleached sulpnite .. do ._Soda doGroundwood do

Exports, all grades, total doImports, all grades, total do

Bleached sulphate _ doUnbleached sulphate doBleached sulphite do

Soda doGroundwood do

PAPER AND PAPER PRODUCTS

All paper and paperboard mills:Paper and paperboard production, total

thous. of short tons..Paper (incl. building paper) doPaperboard . . - d oBuilding board do

2,1722. 3054,987

644, 616640, 925586, 602

r 1, 420r 198, 964r 547, 462r 205, 069

r 61.79637. 957

T 205, 67483, 192

* 101, 74214, 14212,413

r 22, 19311, 480

1,92734, 880

27, 758171, 45142 26817 92844. 60540 586

2,76721, 895

r 2, 0481,088

857* 102

2.2132,1025,072

548, 752544, 983589, 340

1,277167, 475490, 399191,81462, 12635, 526

192, 79977, 195

107, 0578,718

11, 46229, 50812, 184

1. 81637, 969

23, 583168, 23745, 36818, 96139, 94940, 1062,430

20, 209

1,8471,022

74382

2, 6992, 3395,445

665, 051657, 518593, 508

1, 436199, 797559, 914208, 833

63, 21439, 480

207, 01483, 501

108, 35211, 15012, 58326, 47211,219

1,54039, 227

14, 540175, 76544, 14421 55243, 96644 8462,273

17, 998

2,1051,118

89295

2, 5612,2275, 775

620, 775632,317580, 809

1.373199, 614523, 737201,035

59, 54837, 651

194, 72382, 763

113. 52012, 54714, 33927, 90210, 100

1,78138,912

24, 261161, 73847, 02818.85441, 11136 965

2, 65414, 306

2,0051,048

85997

2 4822,3325, 915

647,081650, 550576, 038

1, 456211,906552, 033213, 340

61, 77639. 041

214,84786, 773

124, 06413, 36916, 55728, 66213. 407

1, 97341,861

22, 369155,33143, 45612,91741,64834 4952,573

19, 544

2, 0711,095

88195

1, 9032,2355, 582

650, 014640, 933587, 616

1,375195, 895512, 267207, 095

59, 25337,813

198, 46489, 170

139, 70614, 54518, 34941. 66012, 150

2, 16142, 547

29, 522145, 643

37, 9R711157540, 49733 3822,619

18, 878

2,0141,051

86797

1,9002,2475,234

597, 539618, 966564, 079

1,402210, 711513, 971210,27358, 39037, 840

203, 25987, 398

147, 53517, 277IK, 13947.21712, 5712,170

41, 088

30, 131147, 43347, 69611. 66936, 45831 8362,229

17, 408

2,0111,029

875106

2,0442,1275,148

589, 727605, 572548, 623

1,323207,457483, 425188,01252, 35533 893

194, 76289, 236

156, 86420, 56618, 24749, 50915, 5002,640

41, 030

19, 666133, 59939, 18811,49332, 61827 2862,197

20, 205

1,949981858110

2,2111,9105,448

550, 030561,067536, 811

1,180174 921432, 532165, 47947, 22526, 953

181, 97484, 161

146, 20816, 32619, 54146, 50815, 460

2, 56336, 722

9,883122, 63636, 84310 90433 55525 187

1,74313, 851

1,762869783110

2,5272,2095,766

631, 070667, 847501 402

1,381198 830529' 591203 866

54, 64732 708

194 69783, 646

152 02121, 58621, 36950 95814, 2762,425

31 983

14, 861138, 61637 87312 94138 47727 693

2, 11318 846

2, 059990942126

r 2, 355r 2 104r 6 007

T 693 247r 698 420T 496 775

1,305177 087493 384193 48853' 73632 320

185 25484 958

146 71219,61923 15049 69115,802

2 32126 681

11,388160, 42340 4~618 71939 49530 874

2*49427 773

r 2, 027969

T 941118

T 2, 2552 351

r 5 917

786 664775' 224510 317

r 1, 461194 463567 05Q214 219

56? 33236 698

r 204 31?92 331

149 40418 26324 5?358 33413 4152 282

22 563

11, 560170, 340

43 01QOQ' 0^146 64C)34 026

2 25723 593

2,2791 0801 075

124

2 1512 2255 843

683 988703 047489 869

1, 397198 466540 593195 763

54 12835 173

192' 87493 005

154 70019 29524 584Ol' 90714 7219 641

22' 394

2,102991996115

T Revised. cf Excludes "special category" exports not shown separately for security reasons.*New series. Prices are for bulk lots, f. o. b. refineries. Quotations prior to 1951 will be shown later.


January 1953 SURVEY OF CUEEENT BUSINESS S-37


1951

Novem-ber

Decem-ber

1952



PULP, PAPER, AND PRINTING—Continued

PAPER AND PAPER PRODUCTS— Con.

Paper, excl. building paper, newsprint, and paper-board (American Paper and Pulp Association) :

Orders, new short tonsOrders, unfilled, end of month.. _ _ _ d o __Production doShipments _ doStocks, end of month do

Fine paper:Orders, new doOrders, unfilled, end of month doProduction _ _ _ _ _ _ _ _ d oShipments doStocks, end of month do

Printing paper:Orders, new doOrders unfilled end of month doProduction doShipments _ do __Stocks end of month doPrice, wholesale, book paper, "A" grade, Eng-

lish finish, white, f. o. b. mill*__dol. per 100 lb_.Coarse paper:

Orders, new _ short tons__Orders unfilled, end of month do_Production _ _ _ ._do _Shipments doStocks, end of month do

Newsprint:Canada (incl. Newfoundland):

Production doShipments from mills doStocks, at mills, end of month __do_ _

United States:Consumption by publishers _ _ doProduction doShipments from mills _ _ . doStocks, end of month:

At mills - • do_At publishers doIn transit to publishers do _

Imports doPrice, rolls, contract, delivered to principal

ports* dol per short ton*>aperboard (National Paperboard Association):

Orders, new short tonsOrders unfilled end of month doProduction, total do.

Percent of activityPaper products:

Shipping containers, corrugated and solid fiber,shipments mil. sq. ft. surface area__

Folding paper boxes, value:New orders 1936=100.Shipments do

PRINTING

Book pubMcation, total number of editionsNew books -- -doNew editions do

819, 334914, 463896, 957881, 877340, 425

100, 090110, 610122, 649121, 97266, 635

264, 508465, 945297, 894293, 829118, 980

13.15

313, 393229, 708321, 822316, 02593, 520

471, 732491, 020128, 078

402, 82995, 84799, 301

7,526436, 244107, 144438, 141

116. 75

812, 500365, 400863, 450

82

5,399

555.7650.8

1,172963209

820, 265870, 769861, 248863, 959338, 617

106, 947122, 703118, 200119, 04065, 795

274, 755447, 761291, 707292, 939117, 748

13.15

291, 794217, 091305, 258304, 41194, 367

435, 287461, 455101, 910

387, 78391, 76391, 721

7,568430, 43191, 765

403, 934

116. 75

806, 300358, 700793, 950

71

5,122

498.1528.0

1,083872211

962, 506914, 567932, 288911, 745326, 610

136, 428141, 965126, 753125, 51364, 558

343, 367475, 000315, 983310, 450129, 798

13.15

329, 159192, 045320, 281317, 72766, 884

470, 456445, 212127, 154

345, 31597, 21695, 046

9,738460, 37889, 491

385, 574

116. 75

883, 200405, 500835, 000

81

5,550

654.6639.8

720557163

842, 191903, 374865, 400851, 819344, 664

114, 955138, 310122, 133116, 64367, 895

288, 745475, 150290, 945290, 555130, 180

13.55

286, 297193, 108293, 068289, 13275, 550

457, 835441, 349143, 640

348, 63094, 75996, 982

7,515475, 50299, 741

398, 936

116. 75

829, 300355, 200867, 800

86

5,569

608.8619.0

723575148

852, 186854, 820896, 773881, 775361, 070

108, 853120, 280124, 033121, 99569, 710

288, 200458, 050300, 497295, 680135, 960

13.55

294, 560182, 684307, 066300, 44582, 900

476, 492453, 162166, 970

399, 25899, 63398, 696

8,452457, 61787, 887

416, 469

116. 75

923, 000380, 400880, 500

85

5,935

636.9630.2

1, 3711,081

290

813, 274825, 736850, 216842, 129369, 375

104, 915111, 930116, 076113, 78172, 250

296, 780460, 500295, 614293, 550138, 025

13.55

254, 759160, 500277, 891276, 68684, 100

471, 235468, 018170, 187

393, 47094, 76794, 250

8,969460, 475

72, 475419, 848

117. 00

875, 600417, 600869, 500

82

5,765

581.3614.6

1,055855200

740, 502747, 506817, 027803, 031376, 503

91, 14093, 500

115, 790109, 55078,490

261, 286425, 000288, 313285, 851140, 488

13.55

246, 360140, 000269, 058262, 18084, 000

495, 972492, 478173, 681

404, 071103, 440103, 783

8,626442, 73979, 028

409, 649

117.00

880, 000375, 000906, 000

82

' 5, 974

604. 1604.1

1,240937303

753, 235729, 006773, 003769, 654381, 065

89, 62886, 000

100, 12196, 84381, 905

276, 760423, 000278, 120279, 095139, 500

13.55

237, 383135, 000250, 159240, 21095, 000

451, 915483, 791141, 805

379, 94399, 08098, 138

9,568476, 479

74, 592459, 005

119. 50

850, 300352, 900832, 800

82

r 5, 580

666.4638.7

1,003754249

715, 288768, 806674, 759671, 174384, 550

83, 84888, 00084, 19581, 32384,750

262, 177450, COO238, 014232, 209145, 300

13.55

221, 930143, 000216, 743212, 74099, 000

485, 539483, 250144, 094

329, 72994, 19294, 933

8,827532, 29775, 474

427, 845

119. 50

845, 800444, 200773, 700

71

5,538

627.4575.5

601472129

752, 557726, 902775, 723768, 208422, 465

82, 93857, 150

100, 21398 08,093, 850

258, 666422 402267, 433264, 517140, 775

13.55

257, 062155, 270256, 307251, 791130, 250

486 496488, 575142, 015

341, 57197, 83199, 008

7,650573, 50286, 444

400 541

122 00

917, 500388, 400955, 600

89

6,340

688.9661.3

904699205

809, 151785, 638756, 475750, 838426, 675

94, 58258, 000

100, 26894, 15899, 960

298, 032464 649256, 921255, 785141, 915

13.55

259, 555170, 090245, 086244, 732129, 500

461 508462, 404141, 119

379, 66992, 30190, 645

9,306582 20977, 578

422 887

122 00

1, 065, 800459 900955, 700

88

6,743

693.4719. 1

949796153

870, 000814, 493837, 000841, 000422 985

109, 00057 000

113, 000110 000102, 195

305, 000479 600292, 000290, 000143, 910

13.55

287, 000184, 000268, 000273, 000124, 500

502, 791486, 159157, 751

425, 98197, 14497, 789

8,661561, 01669, 364

432, 597

r 125. 25

1, 076, 300453, 000

1, 142, 20096

7,471

740.4777 5

1 118930188

* 13. 55

463, 435498, 987122, 199

416, 97489 84290, 429

8 074527 52597, 206

v 125 25

1, 020, 500457, 400

1, 004, 90096

6,796

1 2631,034

229

RUBBER AND RUBBER PRODUCTS

RUBBERNatural rubber:

Consumption long tonsStocks end of month _ _ _ doImports, including latex and guayule do. __Price, wholesale, smoked sheets (New York)

dol. per lb__Chemical (synthetic):

Production _ ._ long tonsConsumption doStocks end of month doExports do__

Reclaimed rubber:Production doConsumption doStocks end of month _ _ _ do __

TIRES AND TUBES

Pneumatic casings:Production thousands .Shipments, total __ -do.

Original equipment doReplacement equipment do__Export do

Stocks, end of month doExports© do

Inner tubes:Production! do_Shipments! doStocks, end of month § _ _ _ _ doExports do

35, 03763, 68957, 378

.520

73, 04565, 403

116, 9101,190

25, 45324, 50944, 049

7,3746,0812,3913,501

1886,888

161

5,5004,8038,378

121

33, 25676, 56945, 364

.520

76, 96160,421

129, 9521,430

23, 67722, 04445, 082

6,4414,5171,8002,519

1988,765

210

5, 1433,556

10, 094144

36, 98975, 48883, 283

.520

75, 97170, 330

138, 6881,831

27, 75526, 55345, 067

7,8726,5292,1404,243

14610, 039

150

5,5825,475

10, 34393

34, 84173, 95976, 383

.505

74, 94366, 567

145, 2772,141

23, 88324, 51843, 306

7,4636,1842,3013,721

16311, 370

164

5,1384,958

10, 507125

35, 68261, 55385, 172

.505

79, 41669, 744

151, 2493,490

22, 80824, 79740, 579

7,7866,1342,4843,512

13713, 043

181

5,4975,034

10, 900105

36, 41759, 42282, 974

.485

77, 43768, 492

159, 7012,415

23, 94823, 91139, 767

7,1896,9672,8144,038

11513, 295

127

5,4815,305

11,01388

36, 34763, 98859, 188

.485

61, 36867, 339

154, 3392,350

23, 14222, 31440, 169

7,4337,4432,7194,624

10113, 263

108

5,7715,330

11, 49363

36, 94672, 99567, 246

.380

64, 04066, 203

151, 3241,154

21, 07921, 85038, 973

7,3669,0032,6176,256

13011,668

107

5, 5366, 040

10, 97483

32, 76084, 83949, 251

.315

58, 99258, 642

152, 3731,499

16, 21318, 35436, 287

7,0977,1481,1865,845

11711, 647

140

4,7904,507

11, 223134

32, 94184, 65767, 139

.305

59, 21461,214

150, 2541,921

17, 13120, 54832, 224

6,9337,9891 6326,226

13110, 637

159

4,8675,431

10, 62779

39, 27484, 19051,510

.275

58, 35266, 6(38

141 8371,573

21, 73223, 13131, 430

7,3918,0492 8265 082

1419,960

154

5,3975 984

10 086104

T 45 110r 82, 861

55, 651

.270

62, 553r 73 963

r 133 0421,525

r 27 405r 26, 830r 31, 463

8 6637 8463 2004 532

11410 821

95

6 2205 859

10 38655

41 34884, 745

.292

60, 54066 179

123 184

22 26422, 58729 486

r Revised. * Preliminary. *New series. Compiled by the 17. S. Department of Labor, Bureau of Labor Statistics; monthly data beginning 1947 will be shown later.©Excludes "special category" exports not shown separately for security reasons. §Includes data for motorcycles.




1951

Novem-ber

Decem-ber

1952



STONE, CLAY, AND GLASS PRODUCTS

ABRASIVE PRODUCTS

Coated abrasive paper and cloth, shipments reams

PORTLAND CEMENT

Production thous. of bbl _ _Percent of capacity

Shipments thous. of bbl__Stocks, finished, end of month doStocks, clinker, end of month _ _ __ do

CLAY PRODUCTS

Brick, unglazed:Production^ thous of standard brickShipments^ _ doPrice, wholesale, common, composite, f. o. b.

plantf dol. per thous__Clay sewer pipe, vitrified :J

Production short tonsShipments do

Structural^ tile, unglazed :JProduction doShipments do

GLASS PRODUCTS

Glass containers:Production _ thous. of grossShipments, domestic, total do

General -use food:Narrow-neck food doWide-mouth food (incl. packers' tumblers,

jelly glasses, and fruit jars) _ -thous. of gross _ _Beverage (returnable and nonreturnable)

thous. of gross _ _Beer bottles doLiquor and wine do _ .Medicinal and toilet doChemical, household and industrial do ...Dairy products do

Stocks, end of month _ doOther glassware, machine-made:

Tumblers:Production thous. of dozensShipments doStocks do

Table, kitchen, and householdware, shipmentsthous. of dozens

GYPSUM AND PRODUCTS

Crude gypsum, quarterly total:Imports thous of short tonsProduction do

Calcined production quarterly total doGypsum products sold or used, quarterly total:

TJncalcined short tonsCalcined:

For building uses:

Keene's cement doAll other building plasters do

Tile doWallboardcf do

Industrial plasters short tons

188, 389

20, 73793

17, 9949,9103,882

545, 925476, 776

27. 366

142, 340122,046

100, 70585, 182

7,8047,714

632

2,122

319840

1,0971,810

634260

9,710

3,8894,645

11, 228

3,368

132, 524

19, 87485

11,79117, 9934,711

447, 208350, 014

27. 366

125, 96283, 177

85, 96566, 395

7,6037, 568

674

1, 885

532873906

1, 795572330

9,453

3,8003, 352

11,579

2,589

8592,0271,681

636, 366

471, 07210, 648

146, 036602, 500

7,763776, 85471, 377

159,041

17, 03973

12,69622, 3367,056

406, 229353,812

27.317

134,04586, 576

81, 94871,403

8,9418,485

783

2,498

525841741

2,161679258

9,635

4,8834,473

11,837

3,005

162, 959

16, 54576

14, 36224, 5198,987

392, 482378, 321

27. 317

127, 44297, 107

78, 06175, 617

8,7838,053

859

2,123

503874840

1,962693199

10, 093

5,1365,5149,989

3,857

174, 155

18, 09578

15,99326, 62210, 741

434, 789411,819

27.317

139, 685118,092

76,11969, 494

9,4009, 005

881

2,400

655806979

2,272783228

10, 216

5,3575,061

10, 241

3,431

4011,8061,582

526, 045

451, 84113, 086

134, 090508, 785

7,602761, 56667, 484

185, 451

19, 81786

21, 76424, 67210, 348

484, 468492, 488

27. 217

139, 573139, 744

82, 64784, 813

9,5239,577

1,125

2,474

767700

1,0612, 355

850244

9,863

4,7014,9879,892

3,474

168, 174

21,82992

23, 28223, 2209,513

489, 779479, 409

27. 217

128, 020134, 221

84, 20982, 285

10, 2209,888

1,216

2,767

977955940

2,064735233

9,871

4,5375,3299,073

3,551

161, 544

20, 74890

25, 06718, 8968,483

510, 226504, 459

27. 217

143, 426145, 603

86, 47083, 994

10, 0809,607

915

2,706

1,1231,198

8521,860

739214

10, 060

4,8315,4918,349

2,908

7342,0671,720

559, 966

494, 82214, 045

143, 059589, 300

6,670830, 644

61, 426

157, 412

21,34290

25, 08415,1587,548

538, 183530, 377

i 27. 409

132, 061142, 566

91, 83687, 251

10, 0429,735

892

2,733

1,0731,244

9051,834

788264

10, 107

4,9665,2458,023

2,945

160, 795

23, 57399

25, 91512,8196,262

531, 547512, 135

27. 409

136, 595146, 934

85, 43487, 976

10, 70011,126

1,186

3,210

7831,2571,1202,313

928327

9,449

5,8335,1818, 628

3,354

174, 449

23, 01099

' 26, 2409,5845,352

530, 990527, 147

27. 409

145, 012150, 341

82, 91183, 338

10, 1009,688

1,464

2,736

476768

1,0352,111

772327

9,594

3,8164,0508,389

3,308

1,2182,1661 846

604, 346

533, 22613, 337

165 283645 548

6 265902 174

58 438

182, 612

24, 181101

27, 222r 6, 546f 4, 360

546, 446551, 040

27. 409

151.052160, 498

82, 73688, 572

10, 70410, 119

1,220

2,818

666570

1,3802,298

859307

9,854

5,6966,0128,035

4,374

22, 04895

19, 7718,8234, 168

27. 409

8,8888,296

719

2,234

330528

1,3812,083

751270

10, 087

TEXTILE PRODUCTS

CLOTHINGHosiery:

Production thous. of dozen pairs .Shipments doStocks, end of month ___ __ _ _ ... _ . do_ .

COTTON

Cotton (exclusive of linters) :Production:

Ginnings$ thous of running balesCrop estimate, equivalent 500-lb. bales

thous of balesConsumption^ . bales. _Stocks in the United States, end of month,

total! thous. of bales_ -Domestic cotton, total do

On farms and in transit do__Public storage and compresses doConsuming establishments _ do

Foreicn cotton, total do

12, 92813, 98627, 515

12, 804

731, 137

12, 29012, 1994,9165,8861,397

92

11, 39311,61128, 199

13, 592

671, 803

10, 63810, 5513,3715, 6441,536

87

13, 94513, 36628, 907

14, 530

923, 219

9, 0578,9782,4184,9201,639

80

13, 46513, 49528, 851

769, 641

7,5777,4761,4424,3941,640

101

13, 25013, 96128, 163

2 15, 072

2 15, 144735, 251

6,4346,337

9703,7731,594

97

13, 47613, 55128, 067

848, 055

5,2575,160

6382,9921,530

97

13, 32412,31729, 129

686, 951

4,2594,172

4122,3801,381

86

13, 04612, 48129, 774

674, 773

3,3073,224

2531,7821,189

83

11,76811,63729, 905

176

697, 637

2,7452,675

2201,457

99870

13, 89214, 44729, 350

1,413

744, 383

15,45415,38712, 7781,795

81466

14, 07615,15528, 200

5,716

736, 248

15, 07915, 02110, 0953,977

94958

15, 62716, 75727, 068

10 786

915, 593

14,35414, 3036,4016,6441,258

51

14, 10815, 03426, 140

3 13 9884 15 038759, 737

13, 41013, 4614,5347,4371,439

51r Revised. 1 Specification changed; earlier data not strictly comparable. 2 Total ginnings of 1951 crop. 3 Ginnings to December 13. * December 1 estimate of 1952 crop.{Revisions for January-July 1951 will be shown later.fRevised series. Data beginning 1947 will be shown later.cf Includes laminated board, reported as component board. §Total ginnings to end of month indicated.^Data for January, April, July, and October 1952 cover 5-week periods and for other months, 4 weeks; stocks are for end of period covered.




1951

Novem-ber

Decem-ber

1952



TEXTILE PRODUCTS—Continued

COTTON — Continued

Cotton (exclusive of linters) — ContinuedExports balesImports doPrices received by farmers cents per lb_ _Prices, wholesale, middling, 1Y\§", average, 10

markets cents per IbCotton linters:t

Consumption . thous. of balesProduction „ _ _ _ doStocks, end of month do_ _

COTTON MANUFACTURES

Cotton cloth:Cotton broad-woven goods over 12 inches in width,

production, quarterlycf--.mil. of linear yards _ _Exports thous. of sq. yd._Imports doPrices, wholesale:

Mill margins cents per IbDenim, 28-inch* _ _ _ _ _ _ _ cents p e r y dPrint cloth, 39-inch, 68 x 72* doShooting, in gray, 40-inch, 48 x 44-48* do

Cotton yarn , natural stock, on cones or tubes :Prices, wholesale, f. o. b. mill:*

20/2 carded weaving dol. per Ib

803. 5801,04641.0

41.5T 127

247460

"~64,~l27~1,690

28. 7241.617.819.3

36/2, combed knitting do

Spindle activity (cotton system spindles) :fActive spindles, last working day, t o t a l _ _ _ t h o u s _ _

Consuming 100 percent cotton doSpindle hours operated, all fibers, total-mil, of hr_ .

Average per working day doConsuming 100 percent cotton _ do

Operations as percent of capacity __

RAYON AND ACETATE AND MFRS.

Filament yarn and staple (incl. tow):Shipments, domestic, producers':

Filament yarn mil. of IbStaple (incl. tow) do

Stocks, producers', end of month:Filament yarn doStaple (incl. tow) _ -_ _ _ d o

Imports thous. of IbPrices, wholesale:

Yarn, viscose, 150 denier, filament, f. o. b. ship-ping point* dol. per Ib

Staple fiber, viscose, 1 denier doRayon and acetate broad-woven goods, production,

quarterly c? thous. of linear yards _ _

SILKSilk, raw:

Import^ thous. of IbPrice, wholesale, white, Japanese, 20/22 denier,

87% (AA), f. o. b. warehouse? dol. per l b _ _

WOOL

Consumption (scoured basis) :§Apparel class _ _ thous. of IbCarpet class do

Imports, clean weightA _. ._ _ doPrices, wholesale, Boston:

Raw, territory, 64s, 70s, 80s, scoured. _dol. per l b _ _Raw, bright fleece, 56s, 58s, greasy, 47 percent

shrinkage dol. per IbAustralian, 64s, 70s, good topmaking, scoured, in

bond dol. per Ib

WOOL MANUFACTURES

Machinery activity (weekly average):!Looms :O

Woolen and worsted:Pile and Jacquard__ -thous. of active hours. _Broad _ - _ _ _ . . . _ _ . _ _ d oNarrow _ _ _ _ _ _ _ _ d o

Carpet arid rug:Broad _ doNarrow do

Spinning spindles:Woolen doWorsted 0 _ _ _ do

Worsted combs _ - do__Wool yarn:

Production, total§© thous. of IbKnitting § doWeaving§ _ _ . _ _ _ _ _ _ _ _ do__Carpet and othcr§ do

Price, wholesale, worsted yarn (Bradfordmachine knitting system) 2/20s* dol. per lb__r Revised. *> Preliminary. 1 Nominal priceIData for January, April, July, and October 1952o"Begmning 1951, production of broad-woven goc

21, 75820, 519

9, 050464

8,486125.4

56.927.0

84.210.7

5, 149

.780

.400

708

4.68

25, 4726, 652

19, 365

i 1. 962

1.762

1 1. 750

1301,787

10

9641

72, 83576, 698

120

50, 8125,400

36, 4608,952

2.4532 Data

cover 5-wcds is classi

979, 7622 21440.3

42.2

117205538

2, 31977, 4311,846

29. 9542.718.119.8

21,51620, 2648, 336

4397,823118.4

57.523.9

91.315.2

5,946

.780

.400

418, 931

848

4.78

25, 2007,044

26, 342

1 1. 850

.740

1 1. 650

1291,763

13

10046

70, 03472, 078

119

48, 3724,576

35, 0088,788

2.410

for Ameri?k periodsEied accord

r 676, 29915, 453

r 2 38. 5

41.8

118221620

""62," 133"1,884

29.0442.717.819.4

21. 36020', 10211,399

46510, 686125.8

63.027.3

97.515.2

8,011

.780

.400

1, 524

4.82

29, 33011, 00528, 493

1 1.820

.7221 1. 725

1301,745

14

11247

70, 03768, 175

110

60, 7106. 150

40, 30514, 255

2.389

can uplancind for othng to princ

587, 76335, 470

r 2 36. 9

40.6

120174629

~" 72," 283"1,999

28. 4542.717.018.8

.7841. 069

21. 12619, 8549, 265

4718,696127. 3

57.823.6

99.315.7

9,509

.780

.400

1, 205

4.97

24, 7569,720

27, 4321 1.644

.644

1 1. 562

1391,735

18

12650

73, 26874, 786

121

53, 4726,092

35, 76811, 612

2.286

; com paraer months,ipal fiber c

r 419, 1041, 652

' 2 36. 0

40.8

108140655

2,38173, 6091,434

26. 6142.716. 518.0

. 7551.035

21. 15919', 8859. 040

4528,478122. 3

19! 9

101.718.0

11,175

.780

.400

445, 562

975

4.91

23,9249,252

28, 519

1 1.600

.638

i 1. 375

1471,592

19

12851

67, 95372, 644

119

50, 9845, 356

34, 05611, 572

2.219

3le Deceml4 weeks; stontent- prc

334, 2481.449

r 2 36. 8

40.7

9899

630

59, 9421,643

25. 8342.716.417.3

.7381.019

20.91019,61310, 607

4249.948114.5

57. 621.6

99. 118.9

7,128

.780

.400

705

4.89

30, 02011,02034, 3471 1.580

.598

1.375

1361,534

13

11748

63, 45771,007

120

60,1156.705

40, 29013, 120

2.110

Der 1951 prock data aiduction of

316, 461373

r 2 36. 0

38.6

9770

560

63, 4421,295

26.1742.716.016.5

.730

.991

20, 83419, 5138,110

4167, 532112.0

66.924.1

90.017.8

3, 864

.780

.400

861

4.90

25, 4728,072

30, 633

* 1. 594

.585

1.425

1451,647

16

11451

67, 77270, 404

120

51, 0566,036

34, 20410, 816

2.098

ce, 40.2 cerid numberfabrics con

264, 4184. 367

r 2 38. 0

40.4

9946

541

2 26454, 1361,251

24.4040.716.816.5

.7271.006

20, 77019,4538,700

4358,102117.3

75.227.2

/8. 815.2

3,902

.780

.400

' 406, 372

1, 275

4.95

27, 2845, 644

24, 824

1 1. 600

.585

1 1. 425

1451,743

20

7340

69, 69678, 524

131

50, 2056, 563

36, 8446,798

2.128

its.of active staining 25.

48,1146, 865

r 2 37. 0

39.4

8036

532

54, 2912, 532

27.0940.717.417.0

.7331.022

21, 32519,9489,112

3808, 501102. 2

83.126.9

65. 115.9

3, 995

.780

.400

967

5. 23

31, 3506,380

31,013

1.627

.594

1.425

1301,528

19

5627

61, 13868, 504

120

54, 2007,455

39, 5857,160

2.146

pindles are3-49.9 perce

106. 8537.797

r 2 37. 9

39.4

9546

528

65, 3151.529

28.8940.718.417.5

.7421. 045

21, 39820, 0009, 516

4768.870128.1

84.728.1

57. 715.0

5, 960

.780

.400

893

5. 43

30, 4329,044

26, 979

i 1. 660

.605

i 1. 425

1631,727

20

11346

73, 80683, 377

149

55. 3407,960

37. 20810, 172

2.164

for end of int wool an

240, 50110. 909

r 2 39. 1

38.9

88168578

2 32361, 8303, 976

31.1340.719.317.8

.7671. 080

21,43220, 0419,768

5019,134135. 1

81.026.7

54.815. 6

5, 010

.780

.400

r 460, 583

1, 363

5. 43

T 30, 87210, 54828, 118

1 1. 596

.590

i 1.425

••166r 1,811

19

13452

r 75, 293r 86, 475

r 155

r 57, 8327,608

r 38, 016' 12, 208

2.134

period coved rayon an

295, 5287. 735

' 2 36. 8

36.7

108250706

70. 3406, 433

33. 9840.719. 317.8

r . 762r 1. 082

21,61220,21512,341

49911,525134. 8

'75.0r 24. 1

' 58. 3' 17. 93,872

.780

.400

1,071

5. 47

38, 06512, 94564, 994

1. 665

.620

i 1. 535

1691,894

18

13854

74, 97086, 973

154

72, 1908,970

47, 70015, 520

«• 2. 122

red.d cotton fi

234.1

34.8

109233837

34. 1*S40. 7

" i s. :-;1 7. S

p. 745v I . 076

2!. 5S320. 1809. 870

50' i9. 219137.0

73. 126. 6

59. 016.0

. 7SO

. 400

» 5. 43

|

1. 725

. 650

i 1.625

f 2. 122

ibrics pro-

V O U US H LU. IAJ U. bUiUiS. J-^fctta. Ut!g§Data for January, April, July,Almports of unmar-*—-—-» ~©Beginning 1951

later.nes. uata oegmning January iyou win oe snown later.ry, April, July, and October 1952 cover 5-week periods; other months, 4 weeks.nanufactured wool converted to a clean-weight basis; imports were formerly shown in actual weight, i. e., in the condition received.

Beginning 1951, looms weaving fabrics principally wool by weight.>ce note in August 1951 SURVEY regarding coverage of operations in cotton mills beginning with January 1951 data.




1951

Novem- Decem-ber ber

1952

January e ™~ j March1

April May June July Augjust Se^rm~ October N°bV

eerm"

TEXTILE PRODUCTS— Continued

WOOL MANUFACTURES— Continued

Woolen and worsted woven goods, except wovenfelts :t

Production quarterly total thous ofl in vdApparel fabrics total do

Government orders -- doOther than Government orders total do

A! en's arid boys' doWomen's and children's do

Noriapparel fabrics total doBlanketing doOther nonapparel fabrics do

Prices, wholesale, f. o. b. mill:Suitina: °"abardine 56///58'/* dol. per ydWomen's dress goods, flannel, 8 oz., 54-inch

dol per yd

3.713

2.722

91 32578, 02932, 03745, 99218 66727 32513, 2968 4354,861

3.713 3.713 3.713

87, 18575, 68723, 53352, 15425 11127, 04311, 498

6, 5364,962

i 3. 696 3.696

82, 74271, 46617, 24154, 22527 39026, 83511, 2765 5725, 704

3.696 1 3. 731 3.731

88 37078, 41914, 82863 59127 00736 5849,9515 5494,402

i 3. 742 3.742 3.742

TRANSPORTATION EQUIPMENT

AIRCRAFT

Civil aircraft, shipments numberExports J do

MOTOR VEHICLES

Factory sales, total _ _ number-Coaches, total do

Domestic _ doPassenger cars, total do

Domestic doTrucks, total _ -do

Domestic do

Exports, total | doPassenger carst doTrucks and busses t do

Truck trailers, production, total doComplete trailers - do . _

Vans -- - - do .All other -do

Trailer chassis do _

Registrations:New passenger cars _ _ _ _ _ do _ _New commercial cars do

RAILWAY EQUIPMENT

American Railway Car Institute:Shipments-

Freight cars, total numberEquipment manufacturers, total _ _ do

Domestic doRailroad shops, domestic --_ _ _ _ do

Passenger cars, total doEquipment manufacturers, total - do _ _

Domestic doRailroad shops, domestic do _

Association of American Railroads:Freight cars (class I), end of month :§

Number owned thousandsUndergoing or awaiting classified repairs

thousands- -Percent of total ownership

Orders, unfilled _ number .Equipment manufacturers doRailroad shops_ _ _ _ _ _ do

Locomotives (class I), end of month:Steam, undergoing or awaiting classified repairs

number-.Percent o f total o n line _ _ _ _ . -

Orders, unfilled:Steam locomotives, total number

Equipment manufacturers - do _ _Railroad shops do

Other locomotives, total _ _ __ _ doEquipment manufacturers doRailroad shops - - do

Exports of locomotives total doSteam doOther do

INDUSTRIAL ELECTRIC TRUCKS ANDTRACTORS

Shipments, total _ _ _ _ _ _ _ _ number. _Domestic doExport do

16262

r 450, 268833710

r 356, 590T 346, 138

r 92, 845r 75, 418

35, 17314 60620 591

4,7044,4411,8532,588

263

332, 09976, 517

9,8456,3366, 3153,509

4545180

1,748

844.8

110,32570, 91439,411

2,90113.3

200

201,7891,789

0

653

62

728652

76

15269

380, 650845746

292, 799284, 32387, 00670, 834

31, 80610 46821 434

4,6344,3661,8592,507

268

310, 08462, 596

8,4705, 6905,6782,780

2525140

1,752

905.2

104, 83167, 97336, 858

2,71812.8

190

191,7201, 720

0

371

36

673581

92

22442

375, 410778755

r 273, 122'258,158' 101,510

T 85, 493

22, 1009 205

12 895

5,0134,6571,9502,707

313

301, 37959, 661

8,6436,0826,0822,561

8880

1,755

875.0

98, 56663, 48235, 084

2,64312.7

180

181,5941,594

0

73

65860751

227212

435, 216625525

"• 333, 224••315,012r 101,367

r 85, 157

31, 61414, 27217 342

4,6554, 4161,8732, 543

219

295, 47959, 285

7,3835,4945,4941.889

2121100

1,758

875.0

93, 60560, 10733, 498

2.70113.3

170

171,5731,573

0

37

681611

70

24873

482, 973569499

r 372, 440' 352, 064r 109, 964

r 92, 614

33, 80816, 28017 528

5,1244,7331,9942, 739

364

322, 85763,364

8,1615.8405,8382,321

4440

1,761

895.1

91, 05658, 23432, 822

2,48012.6

160

161,4411,441

0

56

70264656

291149

529, 585597507

r415,357r 396, 393'113,631

r 98, 110

32, 77217, 63315 139

5,2984,8331, 9632,870

369

374, 28873, 461

7,4335.2345,2042,199

1212120

1,761

935.3

89,91754, 81035, 107

2,50213.0

300

301, 4631,463

0

59

64359845

330115

503, 917423329

r 397, 486r 380, 952r 106, 008

r 90, 983

32, 75918, 00714 752

5, 1634,6021, 8542,748

335

422, 21771, 690

7,2635,1714,7652,092

2220

1,763

965.5

84, 34151, 19833, 143

2,23712.1

280

281,3471,347

0

39

65261735

335112

518, 710484382

' 407, 962r 392, 471r 110, 264

T 94, 962

28, 59813, 39615 202

4,0293, 6811,2192,462

292

423, 65571, 471

6, 5394,9764,8481,563

1313130

1,764

1015.7

77, 98446, 40931, 575

2,17012.0

260

261,1561,156

0

59

64855494

35367

211, 782224220

168, 327161, 86243, 23136, 231

22, 78410, 81311 971

3,6733,3691,2812,088

263

340, 45472, 134

5,6584,1163,8601,542

8880

1,763

1076.1

76, 87045, 09431, 776

2,13112.0

250

251,1861,186

0

54

39436925

34976

270, 982349271

218, 577211, 140

52, 05645, 204

14, 0497,0267,023

4,4714,1081,8972,211

230

215, 66857, 786

4,6742,9902,8531,684

5550

1,759

1025.8

75, 68443, 14432, 540

2,21712.7

230

23976976

0

52

56452836

33757

551,159387330

438, 397425, 266112,37599, 375

20, 08910, 5649 525

4,8874,5522, 2802,272

242

318, 87065, 381

3,9352,0521,8791, 883

1313130

1,757

985.6

73, 60942, 17131, 438

2,12512.5

210

21841841

0

43

51648828

29396

604, 261389260

471, 808459. 958132, 064116, 449

22, 0059,410

12 595

5, 4655,1492.7082,441

260

383, 38577, 486

5,5773,1032, 9632,474

1111110

1,755

895.1

74, 72841, 38133, 347

2,01512.1

190

19864864

0

49

58854939

519, 536319244

405, 111394, 313114, 106102, 504

.....

4,9074,6092,4642, 145

250

360, 25676, 517

6,0984,2014,0321,897

1111110

1,756

905.2

72. 40040, 35532, 045

1,939j 11.9

171 01 17

777777

0

62258537

r Revised. * Preliminary. J Specification changed; earlier data not strictly comparable.jRevised series. Beginning with data for 1951, the Bureau of the Census reports for woolen and worsted woven fabrics refer to goods which are principally wool by weight (i. e., exclude

fabrics containing 25-49.9 percent wool previously included).*New series. Compiled by U. S. Department of Labor, Bureau of Labor Statistics. More complete specifications are: Worsted suiting, women's and children's gabardine, 10J._-12^oz./yd.

Monthly data for 1950 will be shown later.J Data through December 1951 for total exports and trucks and busses exclude military-type exports not shown separately for security reasons; thereafter the figures, including those for

passenger cars, exclude all military-type exports.§Not including railroad-owned private refrigerator cars.

U. S . G O V E R N M E N T P R I N T I N G O F F I C E : 19S3


•INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40-Pages marked S

Abrasive paper and cloth (coated) 38Acids 24Advertising , _ _ 7,8Agricultural employment 10Agricultural loans and foreign trade 15, 21, 22Aircraft . 11,12,13,14,40Airline operations 22Alcohol, denatured and ethyl 24Alcoholic beverages 2,6,8,27Aluminum _ _ _ , 33Animal fats, greases, and oils 25Anthracite- 2,5,11,13,14,15,34Apparel, wearing 3,4,5,6,8,9,11,12,14,15,38Asphalt and asphalt products 36Automobiles 2,3,7,8,9,11,12,13,14,16,18,21

Balance of payments 20Banking 15,16Barley 28Barrels and drums 32Battery shipments — 34Beef and veal 29Beverages 2,3,4,6,8,11,12,14,27Bituminous coal 2,5,11,13,14,15,34,35Blast furnaces, steel works, etc 11,12,13,14Blowers and fans 34Boilers___._. 33, 34Bonds, issues, prices, sales, yields 19Book publication 37Brass 33Brick 38Brokers' loans and balances 16,19Building costs 7Building and construction materials 7,8,9Business sales and inventories ,- 3Businesses operating and business turn-over._ 4Butter 27

Cans, metal 33Carloadings 22,23Cattle and calves 29Cement and concrete products 2,6,38Cereals and bakery products 5,11,12,14Chain-store sales (11 stores and over, only)___ 9Cheese 27Chemicals 2,3,4,5,12,14,15,18,21,24Cigars and cigarettes 6,30Civilian employees, Federal 12Clay products (see also Stone, clay, etc.) 2,6,38Closures and crowns 33Clothing (see also Apparel) 5,38Coal 2,5,11,13,14,15,21,22,23,34,35Cocoa 22,29Coffee _ _ _ 22 ,29Coke 2,22,23,35Commercial and industrial failures 4Communications 11,13,14,15,18,19, 20, 23Confectionery, sales 29Construction:

Contracts awarded 6Costs 7Dwelling units 7Employment, earnings, hours, wage rates _ _ 11,

12,13,14,15Highway 6,7,12New construction, dollar value 6

Consumer credit 16Consumer expenditures 1,8Consumers' price index 5Copper 22,33Copra and coconut oil 25Corn 19,28Cost-of-living index (see Consumers' price

index) 5Cotton, raw and manufactures 2,5,6,21,38,39Cottonseed, cake and meal, oil 25Crops 2,5,25,27,28,30,38Currency in circulation 18

Dairy products 2,5,11,12,14,27Debits, bank 15Debt, short-term, consumer 16Debt, United States Government 17Department stores 8,9,10,16Deposits, bank 15,16,18Disputes, industrial_ _ , 13Distilled spirits 27Dividend payments and rates 1,18, 20Drug-store sales 8,9Dwelling units 7

Earnings, weekly and hourly 13,14,15Eggs and poultry 2,5, 29Electric power ,- 5,26Electrical machinery and equipment 3,

4,5,7,11,12,13,14,21,34Employment estimates and indexes 10,11,12Employment Service activities 13Emigration and immigration 23Engineering construction 6Expenditures, United States Government 16Explosives 25Exports (see also individual commodities) 20,21Express operations 22

Failures, industrial and commercial 4Farm income, marketings, and prices 2, 5Farm wages 15Fats and oils, greases 5, 25, 26Federal Government finance 16,17Federal Reserve banks, condition of 15Federal Reserve reporting member banks 16Fertilizers 5,24Fiber products 34Fire losses 7Fish oils and fish 25,29Flaxseed 25Flooring 31,32

Pages marked SFlour, wheat 28Food products 2,

3,4,5,7,8,9,11,12,14,18,27,28,29,30Foreclosures, real estate . 7Foreign trade, indexes, shipping weight, value

by regions, countries, economic classes, andcommodity groups 21,22

Foundry equipment 34Freight carloadings 22,23Freight cars (equipment) „ 40Freight-car surplus and shortage 23Fruits and vegetables 2,5,21,27Fuel oil 35Fuels 2,5,34,35Furs 22Furnaces 34Furniture 2,3,5,8,9,11,12,13,14,16

Gas, prices, customers, sales, revenues 5,26Gasoline 2,7,8,9,36Glass products (see also Stone, clay, etc.) 2,38Generators and motors 34Glycerin 24Gold 18Grains and products 5,19,21,22,23,28Grocery stores 8,9Gross national product 1Gypsum and products 6,38

Heating apparatus. 6,11,12,13,14,33,34Hides and skins 5,22,30Highways and roads___ 6,7,12,15Hogs _. 29Home Loan banks, loans outstanding 7Home mortgages 7Hosiery 38Hotels 11,13,14,15,23Hours of work per week 12,13Housefurnishings 5,8,9Household appliances and radios 5,8,9,16,34

Immigration and emigration 23Imports (see also individual commodities). 20,21,22Income, personal 1Income-tax receipts 16Incorporations, business, new 4Industrial production indexes 2,3Instalment loans 16Instalment sales, department stores 10Insulating materials 34Insurance, life 17,18Interest and money rates 16International transactions of the U. S 20, 21, 22Inventories, manufacturers' and trade 3,4,9,10Iron and steel, crude and manufactures 2,

6,21,32,33Jewelry stores, sales, inventories 8,9Kerosene 35Labor disputes, turn-over 13Labor force 10Lamb and mutton 29Lard 29Lead 33Leather and products 2,3,4,5,12,14,15,30,31Linseed oil 25Livestock 2,5,22,23,29Loans, real estate, agricultural, bank, brokers'

(see also Consumer credit) 7,15,16,17,19Locomotives 40Looms, woolen, activity 39Lubricants 35Lumber and products 2,

3,5,8,9,11,12,13,14,31,32Machine activity, cotton, wool 39Machine tools : 34Machinery. 2,3,4,5,11,12,13,14,18,21,34Magazine advertising 8Mail-order houses, sales 8,9,10Manufacturers' sales, inventories, orders 3,4Manufacturing production indexes 2,3Manufacturing production workers, employ-

ment, payrolls, hours, wages 11,12,13,14,15Meats and meatpacking 2,5,11,12,14,29Metals 2,3,4,6,11,12,13,14,15,18,32,33Methanol ,_. 24Milk Z_. 27Minerals and mining 2,3,11,13,14,15,20Monetary statistics 18Money orders 8Money supply 18Mortgage loans 7,15,16,17Motor fuel 36Motor vehicles 3,5,8,9,40Motors, electrical 34National income and product 1National parks, visitors 23Newspaper advertising 8Newsprint 22,37New York Stock Exchange, selected data 19,20Nonferrous metals 2,6,11,12,13,14,22,33Oats 28Oil burners 34Oils and fats, greases 5,25,26Oleomargarine 26Operating businesses and business turn-over.. 4Orders, new and unfilled, manufacturers' 4Paint and paint materials 5,26Panama Canal traffic . * 23Paper and pulp 2,3,4, 6,11,12,14,15, 22,36,37Paper and products... 2,3,4,6,11,12,14,15,36,37Passports issued 23Payrolls, indexes 12Personal consumption expenditures 1,8Personal income .... 1

Pages marked SPersonal saving and disposable income. ______ 1Petroleum and products ..... . ...... - ..... _,,. 2,

3,4, 5, 11, 12, 13, 14, 15, 21, 22,35,36Pigiron ............. _ ........... ________ ... 32Plant and equipment expenditures __________ 1Plastics, synthetic, and resin materials ....... 26Plywood ________ . ___________ ___________ .. ,31Population ---------------------------- ... 10Pork ........................ . ....... ._,.. 29Postal savings ______________ . ________ ...... 16Poultry and eggs .......... . ....... ------- 2,5,29Prices (see also individual commodities):

Consumers' price index ____________ ...... 5Received and paid by farmers _______ 1.... 5Retail price indexes _______________ . ___ .. 5Wholesale price indexes _________________ . 5,6

Printing and publishing..... 2, 3, 4, 11, 12, 14, 15,37Profits, corporation. _______________________ 1,18Public utilities... 1,6, 11, 13, 14, 15, 17, 18, 19, 20, 26Pullman Company ________________ _ ______ _ 23Pulpwood ----- . _________ ----------- . ------- 36Pumps _________ ________________________ ._ 34Purchasing power of the dollar ______ . ___ .... 6

Radio and television .......... ........ ____ 5,7,34Railroads, employment, wages, financial sta-

tistics, operations, equipment _____________ 11,12, 13, 14, 15, 17, 18, 19, 20, 22, 23, 40

Railways (local) and bus lines ____ ... _ 11, 13, 14, 15Rayon and rayon manufactures __________ :.__ 2, 39Real estate ........ . _______ .......... 7,16,17,19Receipts, United States Government ______ ._ 16Reconstruction Finance Corporation, loans ___ 17Refrigerators, electrical __________ __________ 34Rents (housing), index __________________ ___ 5Retail trade, all retail stores, chain stores (11

stores and over only), general merchandise,department stores ...... 3,4,8,9,10,11,13,14,15

Rice__._ ..... __ ........... !_._! ..... __1. 28Roofing and siding, asphalt _______________ .. 36Rosin and turpentine ______________________ 24Rubber, natural, synthetic, and reclaimed,

tires and tubes ___________ ___________ ___ 6,22,37Rubber products industry, production index,

sales, inventories, employment, payrolls,hours, earnings ____ ............ 2,3,4,12,14,15

Rural sales _______________________________ 10Rye ..................................... 28Saving, personal __________________________ ISavings deposits __________________________ 16Securities issued __________________________ 18,19Services _____ ................... 4,8,11,13,14,15Sewer pipe, clay ____ _ _________________ ____ 38Sheep and lambs __________________________ 29Ship and boat building... ......... ..„ 11, 12, 13, 14Shoes and other footwear. ...... 2 , 8, 9, 12, 14, 15, 31Shortenings ____ , ________________________ ._ 26Silk, imports, prices _______________________ 6,39Silver ..... ...... _____ ................. ... 18Soybeans and soybean oil _________________ __ 25Spindle activity, cotton, wool. ______________ 39Steel ingots and steel manufactures (see ajso

Iron and steel). ____________________ _____ 32,33Steel scrap _______________________________ . 32Stocks, department stores (see also Invento-

ries), _____ ..... __ . . ....... _ ..... ....... 10Stocks, dividends, listings, prices, sales, yields. 20Stokers, mechanical _______________________ 34Stone, clay, and glass products ----- — ------ 2,

3,11,12,13,14,38Stoves-.. _____________________________ ___ 34Sugar _________________ _ ________ ..... .; ____ 22,30Sulfur ..... . ............... .. ......... ... 25Sulfuric acid.. ............................ 24Superphosphate -------- .... ----------- . — 24Tea.. ............................. . ..... 30Telephone, telegraph, cable, and radio-tele*

graph carriers ...... .._ 11, 13, 14, 15, 18, 19, 20, 23Textiles ........ 2,3,4, 6, 11, 12, 14, 15, 21,38,39, 40Tile ..................................... 38Tin ................. _ ....... _______ ...... 22,33Tires and inner tubes ....... _______ 6,12,14,15,37Tobacco ...... ... 2,3,4,5,6,8,11,12,14,15,21,30Tools, machine ___________________________ 34Trade, retail and wholesale. 3, 4, 8, 9, 10, 11, 13, 14, 15Transit lines, local __________ _ _____________ 22Transportation, commodity and passenger.... 22, 23Transportation equipment... 2, 3, 4, 11 , 12, 13, 14, 40Travel ________________ ..... ____ ..... _____ 23Truck trailers _______ _____________________ 40Trucks ................................... 40Turpentine and rosin __________________ ____ r' 24

Unemployment and unemployment compensa-tion. ............. _ ..... . .......... ..... 10,13

United States Government bonds ...... 16, 17, 18, 19United States Government finance ______ : _____ 16, 17Utilities ....... 1, 5, 6, 11, 13, 14, 15, 17, 18, 19, 20, 26Vacuum cleaners ----- _________ ---- -------- 34Variety stores -------------- ..... ---- . ---- 8,9Vegetable oils ......... — .................. 25, 26Vegetables and fruits .................. 2,5,21,27Vessels cleared in foreign trade ____________ .. 23Veterans' unemployment allowances ________ . 13Wages, factory and miscellaneous -------- 13, 14, 15Washers ................................. 34Water heaters ___ ...... ___________ _____ ... 34Wax ......................... ........ ____ 36Wheat and wheat flour _________________ ... 19,28Wholesale price indexes ______ . ____________ . 5,6Wholesale trade .............. 3,4,10,11,13,14,15Wood pulp ....... __________ ...... -------- 36Wool and wool manufactures ____ . ___ 2,6,22,39,40Zinc. 33Digitized for FRASER

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

erne

CHAPTEB 1. BUSINESS LOOKS AHEAD

CHAPTEB 2. THE ECONOMY IN TRANSITION

CHAPTER 3. THE OUTLOOK FOR GOVERNMENT PURCHASING

CHAP-EBB 4. BUSINESS INTENTIONS TO INVEST

CHAPTER 6. THE CONSUMER MARKET

CHAPTER 6. PROSPECTS FOR FOREIGN TRADE

' CHAPTEB 7. GROWTH OF THE AMERICAN ECONOMY

CHAPTER 8. THE PROBLEM OF BUSINESS FLUCTUATIONS^

CHAPTER 9. A HIGH-LEVEL MARKET PATTERN

CHAPTER 10. MARKET ANALYSIS BY BUSINESS

TECHNICAL FOOTNOTES

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