Full text of Survey of Current Business : April 1947
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APRIL 1947
SURVEY OF
CURRENT
BUSINESS
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
Survey of
CURRENT
BUSINESS
APRIL 1947
VOLUME 27, No. 4
erce...\
/* Statutory Functions: "The Bureau of Foreign and Domestic Commerce...'
I to foster9 promote^ and develop the foreign and domestic commerce
erce of j
\ the United States" [Law creating the Bureau, Aug. 2391912 [37 Stat.
t.408].])
Contents
Page
THE BUSINESS SITUATION
1
Plant and Equipment Expenditures... .
6
Savings of Individuals.
7
BUSINESS TURN-OVER AND CAUSES OF FAILURE
10
STATISTICAL DATA:
New or Revised Series
Monthly Business Statistics
Statistical Index.•• •
16
S-l to S-40
.Inside back cover
Classification of
Statistical Sections
Business i n d e x e s . • • • •
•••••••••
Business population
•••••••••••••••••
Commodity prices . . . • • • • • • • • • • • • • • • • » • • • •
Construction and real estate • • • • • • • • •
Domestic trade
Employment conditions and wage*.••••••
Finance
•••••••••••••••
Foreign trade
Transportation and c o m m u n i c a t i o n s . . . . .
Commodity sectional
Chemicals and allied p r o d u c t s . . • • • • • • • • •
Electric power and gas.
FoocUtuflfs and tobacco
•••
•
Leather and p r o d u c t s . . . .
••••••••
Lumber «nd manufactures.
••
Metal* and manufactures}
Iron and steel
••••••
Nonferrous metals and p r o d u c t s . • • • • • •
Machinery a n d apparatus
••••••
Paper a n d printing
P e t r o l e u m a n d coai p r o d u c t s . . . . • • • • • • • •
Rubber and rubber p r o d u c t s . . . . . . . . . . . .
S t o n e , clay, and glass p r o d u c t s . • • • • • • • • •
l e x t i l e products
•
Transportation e q u i p m e n t . • • • • • • • • • • • • •
Canadian statistics
Page
S-l
S-3
S-S
S-3
S-6
S-9
S-15
S-20
S-21
S-23
S-25
S-26
S-29
S»30
S-31
80*32
S-33
S-34
S-35
S-37
S-37
S-38
S—40
S-40
j 1 i OTC"~~Contents of this publication are not copyrighted and |
\ may be reprinted freely. Mention of source will be appreciated /
Published by the Department of Commerce, W. AVERELL HARRIMAN^ Secretary—Office of
Business Economics, AMOS E. TAYLOR, Director, Subscription price, including weekly
statistical supplement, $3 a year; Foreign $4. Single copies, 25 cents. Make remittance
direct to the Superintendent of Documents, United States Government Printing Office,
Washington 25, D. C.
Chart 1.
TRENDS IN RETAIL SALES9*
POST-HOLIDAY BUYING HAS BEEN
STRONGEST AT THESE STORES ......
Business Situation
FOOD
••••
I947-*
By the
1945 S
Office of Business Economics
i
|
i
i
!
1
i
I
i
•••••••
HOME FURNISHINGS
I947-*
(ft .4
•••••••••••••••*
mmm —
a,
I " " ^ * 1 — <^
1-7
IXX|
|
f
i
|
MOTOR-VEHICLE DEALERS
J .6
_
HHHE RECONVERSION UPSWING in business activity,
X which has been underway since the postwar low
point in the first quarter of 1946, is now entering its second year.
Advances are still being made in some of the basic indicators of
production and distribution, but the rates of increase have slackened appreciably and levelling tendencies are noticeable in important segments. In the aggregate, production is up and output of final products continues to move towards a better balance.
This production pattern is reflected in increased availability of
preferred commodities, types, or price lines, with concomitant
pressures on those goods which have heretofore found ready sales
either as substitutes or because other goods were not competing
for the consumer's dollar.
•4
Expansion of Output
•*
-3
.
.
M
-
.
A
.
I
M
.
.
.
4
j
$
Q
AT THE OTHER EXTREME, DOLLAR
SALES HAVE FALLEN BELOW A YEAR
AGO AT THESE STORES
RATIO SCALE
,5
WOMEN'S APPAREL AND ACCESSORIES
A
tn .3
The expanded flow of finished goods during recent months has
resulted from steadier operations, the improved raw materials
supplies—including a wide variety of basic steel products—and
more favorable organization of output than was possible in the
earlier phase of the shift back to peacetime goods.
A sizeable fraction of current production continues to go into
inventories, though this segment has accounted for proportionally
less of total output so far this year than was the case in the
closing months of 1946. As a result of the further rise in inventories, both manufacturers and distributors have made progress in
rebuilding and rounding out their stocks.
In the field of employment, the over-all changes during the
past 6 months have shown only small deviations from the usual
seasonal pattern. The trend of both wage rates and earnings,
however, has been steadily upward, and this has been reflected
in the rising trend of aggregate salary and wage income. The
small reduction in the income flowing to farmers in February
interrupted the upward movement of total income payments to
individuals.
Prices Rise in Primary Markets
8.2
!
!
!
1 1
|
I
I
1
I
J
JEWELRY
o
!•••» —
,09
.08
-
^*m^—l945
\
|
I
I
f
M A
ADJUSTED 0ATA*
727266—47
1
I
|
i
1
A
1
S
I
1
0
N
O
The broad movement of prices in wholesale markets was upward
through March, with major advances being noted in farm products
and food, and in the prices of such industrial commodities as
petroleum and lumber. At the same time, increasing attention
was being focused upon the impact of rising prices on the demand
for goods and reductions in prices were announced in a few
instances. This latter development is evidence of the importance
which attaches at the moment to the price structure and level in
relation to the future stability of business.
It is apparent from chart 2 that the further rise in farm and
food prices has again widened the spread between farm product
SURVEY OF CURRENT BUSINESS
Chart 2.—Weekly Wholesale Prices
INDEX, 1926=100
L
COMMODITIES^.
April 194?
to February, after adjustment for the
length of the work month. The increase was only slightly less for the
nondurable than for the durable-goods
groups.
The results for March are expected to
show a further gain in production from
the February rate. The steel operating
rate, for example, rose to 97 percent of
rated capacity at the end of March. In
terms of the daily average rate of steel
production, the gain over February was
3 percent. Other weekly business indicators, such as freight carloadings, have
also moved up and automobile assembly
lines are moving at a faster clip.
The Federal Reserve index of production for February indicated scattered increases among durable goods industries
and in crude petroleum which were offset by small declines in coal mining and
in manufactured food products. The
latter decline centered in processed
fruits and vegetables and in bakery
goods. Although cotton consumption
and rayon deliveries were virtually unchanged between January and February,
after allowance for seasonal factors,
complete statistics are not yet available
to indicate the rate of activity in the apparel industry. The faltering of ladies'
apparel sales has already been noted and
reports are current that this development has been followed by curtailment
of operations in some sectors of the textile and apparel industries.
New Order Volume Levels Off
New orders give some clue to the forward state of business, but under the
conditions prevalent since the end of the
war they pose difficulties of interpretation. This is so because of the unusual
bunching of demands by both business
Chart 3.—New Orders for Selected Commodities
TOTAL FOR
MONTH
"
3-MONTH MOVING AVERAGE
* CENTERED ON MIDDLE MONTH
MILLIONS OF UNITS
2.5
ELECTRIC MOTORS j
THOUSANDS OF UNITS
200
ELECTRIC MOTORS,
POLYPHASE INDUCTION
MILLIONS OF SQUARE FEET
2.5
BOILERS , STEEL
(FRACTIONAL
HORSEPOWER)
( I - 2 0 0 HORSEPOWER)
2.0
AAA
Source of data: U.[S. D e p a r t m e n t ^ Labor.
1.5
and food prices and the general run of
industrial commodities, relative to the
prewar base. This spread had narrowed
subsequent to October by divergent
movements after the initial response to
the lifting of price controls.
Consumers Shifting Their Purchasing
The shifting composition of consumer
purchases, which has occurred with the
rising volume of output of consumer
goods and the change in the composition
of that output, as well as by reason of
price changes, is highlighted in chart 1.
This shows that in the early months of
this year sizeable year-to-year gains
were noted in some classes of retail
stores—food, liousefurnishings, and motor vehicles, among others—while dollar
sales were reported as below a year ago
in other stores—such as women's apparel and jewelry. Preliminary indications suggest that this pattern of sales
also prevailed in March even though apparel sales were bolstered by an early
Easter date this year. The contrasting
performance in different lines of retail
trade has permeated wholesale markets
and is beiner felt, at the producers' level.
-
1.0
.5
nln
0
MILLIONS OF UNITS
+6
THOUSANDS OF UNITS
750
DOMESTIC COOKING
STOVES AND RANGES
BARRELS AND DRUMS,
STEEL
+4
(HEAVY TYPE)
-
-2
-
1 1 I! M 1 I
PAPERBOARD
11 i i i i i I i
i ii 1111 ii ii i 1 1 I 1 1 M i 1 1 1 1 I
MILLIONS OF POUNDS
50
MM
WvA^
f
0
-4
M M I I M Ml
MILLIONS OF SHORT TONS
1.0 '
(NONELECTRIC)
A
+2
-
ALUMINUM CASTINGS
(FOR SALE)
MILLIONS OF POUNDS
50
COPPER CASTINGS
(FOR SALE)
MILLIONS OF LINEAR YARDS
'PYROXYLIN-COATED
FABRICS4
Further Rise in Shipments Index
The dollar volume of manufacturers'
shipments rose 6 percent from January
Sources of data: TJ. S. Department of Commerce for all items except data for electric motors, polyphase induction,
and electric motors, fractional horsepower, which are from the National Electric Manufacturers Association, and data
for paperboard, which are from the National Paperboard Association.
SURVEY OF CURRENT BUSINESS
April 1947
and consumers. Examination of the
available data suggests that ordering has
tended to level off, but the change in
relation to the current volume of shipments has cut only moderately into the
backlogs held on manufacturers' books.
The recent trend, as indicated by figures on shipments and new orders of a
group of manufacturing firms reporting
to the Office of Business Economics in the
Monthly Industry Survey, has been as
follows:
Chart 4.—Shipments and New and Unfilled Orders of Iron Castings and
Steel Forgings for Sale *
M I L L I O N S OF SHORT TONS
4
MALLEABLE IRON
CASTINGS
- 600
V
UNFILLED
ORDERS
New
orders
February _
184
184
197
203
204
207
201
218
233
237
261
268
188
186
193
203
209
214
204
211
228
228
233
241
268
284
242
255
STEEL
,
FORGINGS-
300
200
1946:
January
February
March
__ _
April
May
_
._
June
July _ .
August - _ .
September..
October. . _
November ..
December .
1947:
January. _
THOUSANDS OF SHORT TONS
800
THOUSANDS OF SHORT TONS
400
GREY IRON CASTINGS
[Indexes, Average Month 1939=100
Shipments
3
X
*\
UNFILLED
ORDERS
- 400
_
-
100
200
NEW
ORDERS
NEW
ORDERS
,£<^
UNFILLED
ORDERS
\
V.
SHIPMENTS
\L
During the first half of 1946, the rising
dollar value of shipments kept pace with
the increasing volume of new business
placed with manufacturers.1 In July,
the relationship was reversed. Prom
then on, the dollar value of deliveries
rose more rapidly than did the value of
new orders. The increase shown in the
index for February is affected by a working day adjustment which is not considered to be of significance at this time.
To an indeterminate extent, the value
figures on new orders reflect changes in
prices as well as changes in physical
quantities. Series showing the physical
volume of new orders are available for a
small selection of products of varying
importance in the industrial process. A
dozen of these physical volume series are
illustrated in charts 3 and 4 covering the
period since January 1945.2
Inspection of the trends shown in
these charts indicates that order placing
continued at a high level through the
first month of 1947, but that there has
been a general tendency either to level
off at approximately the highs reached
in 1946 or to decline from the earlier
highs. The declines that are shown can
1
The shipments series shown in the above
text table differs from the regular Department of Commerce series on manufacturers'
shipments because of the exclusion of industries
not reporting new order volume.
2
In 6 of the 12 series shown, new orders
were derived from data on shipments and
unfilled orders; the other 6 are published
series.
L^lx.
1945
,ll
1
1946
0
1947
1945
I
SHIPMENTS
Ml
1946
I.,
1947
1946
1947
1
Data for new orders are 3-month moving averages centered at the middle month. Data for unfilled orders are end
of 2month totals, and for shipments are monthly totals.
Data for 1945 are not available.
Source of data: U. S. Department of Commerce.
be attributed to the exceptional bunching of orders last year. In any case, it
is clear that the early rush to place business is now over, and more orderly purchasing is now the rule. The backlog of
orders on the books of manufacturers
nonetheless continues heavy.
Heavy Order Backlog
Chart 4 is of special interest since it
shows for three commodities the volume
of unfilled orders, as well as the trend of
new orders and shipments. It appears
that manufacturers of malleable iron
castings and of steel forgings have begun
to work off their order backlogs, but that
manufacturers of gray-iron castings had
not yet raised shipments above the new
order flow. (The latest month shown in
the chart is January 1947.) Although
the relationship of unfilled orders to the
current rate of shipments is striking in
all 3 cases—unfilled orders represented
6 months or more of shipments at the
January 1947 rate—the backlogs do not
guarantee continued high rates of operations. Cancellations and deferrals, as
well as an excess of shipments over new
orders, could cut down the order backlog.
Income Flow Remains at $177 Billion
The flow of income payments to individuals during February continued at
about the January rate of 177 billion dollars on a seasonally adjusted annual
basis. Changes in the components were
for the most part of a minor nature, with
the exception of farm income which was
reduced by about 5 percent as a result of
marketings somewhat below seasonal expectations. This decline was almost entirely offset by scattered gains in wages
and salaries in the production, distribution, and service industries. As indicated in a subsequent section, recent
gains in wage and salary payments reflect a continued advance in average
hourly and weekly earnings.
Consumer Spending
The chart on the first page was designed to illustrate the recent shifts in
the pattern of consumer spending. The
over-all dollar total of retail trade was
maintained at a high level during January and February—the annual rate on a
seasonally adjusted basis was 107 billion
dollars as compared with the full-year
SURVEY OF CURRENT BUSINESS
Chart 5.—Taxable Expenditures
Indicated by
Federal Excise Tax
Collections l
RATIO SCALE
MILLIONS OF DOLLARS
400
GENERAL ADMISSIONS
300
200
CABARETS, NIGHT CLUBS, ETC
100
90
80
70
60
.r- 1946
-1945
1st Qr.
2d Qr.
3d Qr.
4 th Qr.
47 - 154
1
Taxable expenditures calculated by dividing tax collections by the applicable tax rate. The quarterly expenditure totals assume a 2-month lag in tax collections.
Source of data: U. S. Treasury Department.
total of 97 billion dollars in 1946. Although total retail sales, after allowance
for seasonal factors, showed relative
stability in the post-holiday period,
sharply divergent trends in some of the
important components were in evidence.
This is made apparent by comparing the
trends in the upper section of the chart
with those in the bottom panels.
The year-to-year gains in January and
February were largest at these stores:
food, up 22 percent; home furnishings,
up 33 percent; motor vehicles, up 148
percent; and building materials and
hardware, up 19 percent. At the other
extreme, at least 2 classes of stores made
a relatively poor showing in the opening
months of 1947: jewelry, down 7 percent;
and women's apparel and accessories,
down 3 percent. These declines from a
year ago were forecast by the narrowing
of the year-to-year gains during the
latter part of 1946. A similar narrowing
has been discernible for eating and
drinking places and February 1947 sales
at these establishments were down from
last year's amount.
The reasons for the above pattern are
not difficult to determine. Because of
the necessitous character of food purchases, consumer takings have been
maintained despite substantial rise in
prices, and sales have risen accordingly.
The other areas of rising dollar sales
comprise the various classes of durable
goods stores where supply shortages are
being steadily overcome and deferred demands are being satisfied. Purchases of
hard goods are still running below the
volume commensurate with the current
income of consumers.
The areas where the rising sales trends
have been reversed are essentially those
areas which experienced exceptionally
large gains during the war and early
reconversion periods and were known to
be most vulnerable in the face of stiffening competition for the consumer's dollar. Increasing resistance to current
price tags and the insistence on improved
quality are particularly noticeable in the
case of women's apparel and accessories
stores.
"Free Spending" on the Wane
The slackening in purchases at jewelry
stores appears to be typical of the trend
in many areas which may be regarded as
"luxury" trades. This can be illustrated
by referring to the amount of collections
under various Federal excise taxes in recent months. For example, chart 5 illustrates the quarterly movement of taxable
expenditures for general admissions
(covering movies, theatres, concerts,
sports events, etc.) and for cabarets and
night clubs in 1945 and 1946. Taxable
expenditures were calculated from the
excise collections by dividing by the applicable tax rates. The quarterly sales
estimates assume a 2-month lag in tax
collections.
The chart suggests that cabarets and
night clubs were probably one of the first
areas to feel the decline in "free spending" last year. These establishments
enjoyed their peak business in the first
quarter of 1946. Declining trade during
the remainder of the year lowered the
estimate of taxable sales in the fourth
quarter to a point 11 percent below sales
in the same quarter of 1945. It is likely
that some cabarets and night clubs responded to the falling off of business by
eliminating "live" entertainment and
thereby placing their establishments in
the nontaxable class. By curtailing entertainment during the dinner hour, for
example, customers could be saved the
20 percent tax on their meals. Sales reports from eating and drinking places
do not show the slump indicated by the
tax collections although there is clear
evidence of a slowing down in business.
Calculated expenditures for general
admissions, in contrast, ran ahead of the
previous year's figures throughout 1946.
To some extent, the gain represented
higher charges rather than larger attendance. Movies and related forms of
entertainment cater to a broad crosssection of the population. Thus, general-admissions receipts provide a less
April 1947
sensitive barometer of "free spending"
than do night-club receipts.
Some Excises Decline; Others Gain
The excise tax data adjusted in the
manner described above indicate that
taxable sales of toilet articles in the
/Vcir Statistical Series
The following series have been
added to the statistical section
(pages S-l to S-40) beginning with
last month's issue:
Air freight and express ton-miles.
Aluminum fabricated products, shipments by type of product.
Cash income from farm marketings,
crops, livestock, total dairy products,
meat animals, poultry and eggs: dollar
figures.
Cigarettes, tax-free withdrawals.
Closures (commercial) and crowns,
shipments.
Cotton cordage, rope and twine, production.
Cotton yarn, production.
Domestic cooking stoves and ranges
(except electric), production.
Domestic heating stoves, production.
Electric appliances, domestic: washers, water heaters.
Expenditures for new plant and
equipment.
Fertilizer consumption in midwestern States.
Hours per worker in selected nondurable manufacturing industries.
Iron ore, production, shipments, and
stocks.
Lead, mine production.
Metal cans, shipments.
Passenger cars, trucks, and coaches,
factory sales.
Population 14 years of age and over,
total noninstitutional, and number
not in the labor force.
Prices paid by farmers and parity
price ratio.
Sewing machines, production.
Steel forgings, shipments and unfilled orders.
Truck trailers, production.
Warm air furnaces, production by
type of fuel.
Water heaters and range boilers,
shipments.
Zinc, mine production.
Discontinued Statistical Series
The following series have been
dropped from the statistical section:
Book paper, coated and uncoated,
orders, production and shipments.
Furniture, household appliance, and
jewelry stores, ratio of collections to
accounts receivable.
Indexes of cash income from dairy
products, meat animals, poultry and
eggs.
Postal savings, balance on deposit
in banks.
Redwood, California, orders, production, shipments and stocks.
Transportation indexes.
SURVEY OF CURRENT BUSINESS
April 1947
fourth quarter of last year were lower
than in the previous year. The tax data
also reflect a reduction in sales of playing cards. Taxable sales of jewelry
stores, on the other hand, ran ahead of
1945 figures throughout 1946, but it has
already been observed that the actual
sales reports from jewelry stores show a
reversal of this position during the first
2 months of 1947. Collections under the
fur tax indicate small year-to-year gain
in the dollar volume of taxable sales
throughout 1946.
In summary, the excise tax information provides several examples of the fact
that the "free spending" era is being
brought to a close. Because the businesses affected do not play a large role
in the national economy, the change has
had no important effect on business conditions generally.
Wage Trends
Upward wage adjustments have continued as a feature of the general economic situation. These are reflected in
a steady upward climb in the over-all
wage averages. Thus far in 1947, wage
rate increases have been granted in such
industries as rubber, textiles, apparel,
oil, meatpacking, and leather and shoes.
The increases to the workers involved
have most commonly been in the 10-to15-cents-an-hour range.
Attesting to the changed atmosphere
in which wage negotiations have been
developing this year in contrast to 1946
has been the virtual absence of any major work stoppages. Man-days of idleness resulting from industrial disputes
in January and February 1947 were at
the lowest level since the late war period.
In two important industries—steel and
automobiles—where final agreement on
contract changes could not rapidly
be achieved, negotiating periods were
extended.
DOLLARS
1.5 0
Widespread Wage Increases in 1946
The setting for the first major postwar
upward revision of wage rates in late
1945 and early 1946 was laid in the
changes incident to the conversion from
war to peace which saw the take-home
pay of many industrial workers reduced
through the shortening of the work week
and loss of overtime premiums. Concurrently, there was considerable shifting from high-paying war industries to
less remunerative jobs in peacetime production.
The factors responsible for the dip in
earnings shown in chart 6 for all private
nonagricultural industries has been reviewed in an earlier issue of the SURVEY.
As is made clear from this chart, the impact of these forces was felt primarily in
manufacturing. Moreover, chart 7, presenting average hourly earnings for the
durable and nondurable groups of manufacturing, shows that the impact was
largely confined to the former group in
which there was a greater concentration
of war production requiring overtime
work. Earnings in nondurable manufactures and in nonmanufacturing were
not depressed during this early reconversion period.
Trends in hourly and weekly earnings
since the early months of last year primarily reflect the development of the
wage policy determined during the labor-
Chart 6.—Average Weekly Earnings of All Private Nonagricultural
Employees
DOLLARS
1 60
DOLLARS
60
QUARTERLY AVERAGES
ANNUAL AVERAGES
Chart 7.—Average Hourly Earnings
of Production Workers in Manufacturing Industries
1.25
1.00
.7 5
.50
niiiltiuilmn{nmlnnilnnilnmlinnlinnliimlninlnn
1942
1943 1944 1945 1946 1947
Source of data: U.S. Department of Labor.
management negotiations at that time.
With a few exceptions, the wage policy
had a direct impact throughout industry.
Thus, average hourly earnings for all
wage and salary workers in private nonagricultural employment in January 1947
were about 13 cents, or 12.5 percent,
above earnings a year earlier. The percentage gains for the manufacturing and
nonmanufacturing groups were approximately the same, but the monetary gains
were 14 and 11 cents an hour, respectively. Weekly earnings were up by a
somewhat smaller percentage because of
a slightly shorter workweek; again, the
relative gains were of equal magnitude
in the manufacturing and nonmanufacturing segments.
Differences in Timing of Increases
The timing of the postwar wage increases differed substantially among industrial groups. The broad differences
within manufacturing are emphasized by
the following summary of changes in
hourly earnings by 6-month intervals:
50
50
Cents per hour increase
Feb.-Aug. Aug. 19461946
Feb. 1947
40
All manufactures —
Durable goods
Nondurable goods
/
NUFACTURING
30
O JANUARY
20 I
I
I
I
I
1
I I
1939 1940 194! 1942 1943 1944
Source of data: U. S. Department of Commerce.
1
1
1945
t
1
1947
I
20
11
12
8
5
4
7
Whereas the pace of wage increases in
soft-goods industries held about steady
throughout the period covered, the
gains for hard-goods workers in the later
period were only one-third of the increase during February-August 1946. In
each of these groups the relative in-
SURVEY OF CUERENT BUSINESS
6
crease for the year ending in February
was about the same.
That the continued gains in earnings
have been the result of a spreading of
wage-rate increases over an extended
time interval is clear from an industry
analysis of the wage changes in manufacturing which shows that those industries with the greatest gains in the early
period were superseded by other industries in the more recent period. For example, the tobacco industry, which
underwent the smallest wage gain of
major industries in the first half of 1946,
showed the largest rise later on. On the
other extreme, workers in the rubber
group received the largest increase in
early 1946 and showed only a small rise
in the latter part of the year.
Construction Activity
On the construction front, the latest
reports show that the value of work putin-place during the first quarter of 1947
was almost 50 percent larger than in the
comparable quarter of last year—2.3 billion dollars as compared with 1.6 billion
dollars. The value of total construction
activity in March, however, was lower
than in January and was only 30 percent
higher than in March 1946. January
and February showed year-to-year gains
of 68 percent and 44 percent, respectively.
Factors in the Construction Outlook
In order to achieve the oft-mentioned
goal of 15 billion dollars of new construction in 1947, the first quarter margin of
50 percent over a year ago must be held
throughout the year. Current reports
on the behavior of contract awards and
dwelling unit permits indicate how difficult it will be to parallel the large monthto-month increases which occurred during the spring and summer months of
1946. The volume of contract awards
for construction in January and February was only moderately above last year's
April 1947
volume and the weekly number of permits for authorized residential construction has been below the average of priority authorizations during 1946.
The peak number of residential units
authorized in any week this year was
18,000 in the week ending January 10.
Since then, weekly permits declined to
less than 10,000 in the week ending
March 7, and then rose to almost 13,000
in the week of March 21, the latest week
available at this writing. The weekly
average number of units authorized under the HH priority system in effect during 1946 was just under 19,000. It is not
known, however, how much residential
construction remains to be started under
authorizations issued last year, nor
whether unauthorized construction is
being undertaken on any large scale.
The following section reports on the
volume for construction outlays planned
by manufacturing and other industries
through the second quarter of this year.
Plant and Equipment Expenditures
Business needs for plant and equipment have constituted an important
source of demand for goods during the
past year. Expenditures for this purpose during 1946 were an important factor in the attainment of the high level
of national expenditures for all goods
and services.
Based on reported actual outlays by a
representative sample of business firms,
expenditures for new plant and equipment in 1946 amounted to $12.1 billion
(exclusive of agriculture). This total
was almost double the $6.6 billion investment in 1945. Expenditures for new
plant and equipment increased in each
quarter of 1946. In the first half of the
year they were at an annual rate of $10
billion, this rate increasing to $14 billion
in the second half of the year.
Present indications from reports of
business firms on their anticipated expenditures are that the annual rate of
$14 billions of outlays for new plant and
equipment will be maintained in the first
half of 1947. This anticipated rate of expenditures by all business excluding agriculture includes a prospective decrease
in planned outlays by the mining and
manufacturing group of industries which
Will be more than offset by continuing
gains in the new plant and equipment
expenditures to be made in the first half
of 1947 by other major business groups.
The quarterly data in chart 8 shows the
leveling effect upon the total of the anticipated decline in mining and manufacturing.
The plant and equipment expenditures
of manufacturing industries had risen
sharply from an annual rate of about $2
billions in the first quarter of 1945 to an
C h a r t 8.—Expenditures for New
P l a n t a n d E q u i p m e n t , All P r i vate Nonagricultural Businesses
BILLIONS OF DOLLARS
20
5
-
MANUFACTURING
ANO MINING
1947
QUARTERLY TOTALS, AT ANNUAL RATE
Sources of data: Securities and Exchange Commission
and U. S. Department of Commerce.
annual rate of approximately $7 billion
(about half the total for all business) at
the close of 1946.
It is significant that planned new capital expenditures by manufacturing industries which were first estimated last
October at $1.8 billions for the first quarter of 1947 have been further revised
downward to an anticipation of $1.6 billions for the quarter. The first estimate
now presented for the second quarter of
1947 indicates that industrial new plant
and equipment expenditures will further
decline to about $1.5 billion.
Including the mining industry, which
discloses a trend similar to manufacturing, combined expenditures for new plant
and equipment in the first half of 1947
will be $3.5 billions, based on present
anticipations, or nearly 6 percent less
than the $3.7 billions for the second half
of 1946, when these expenditures were
moving upward.
About three-fourths of new plant and
equipment expenditures by manufacturing industries have comprised outlays
for machinery, with the balance for
plant. These two components rose to
peak levels in the last quarter of 1946
from which declines are anticipated in
the first quarter of 1947 followed by a
further decline in the succeeding 3
months.
April 1947
Second in importance only to manufacturing and mining, the commercial
and miscellaneous segments of business
(including trade, service, finance, communications, and transportation other
than railroad) spent $1.3 billions in the
fourth quarter of 1946 on new plant and
equipment. It is expected that the corresponding annual rate of expenditure
of about $5.2 billions will be reduced
somewhat in the first half of 1947. Total expenditures by these groups
amounted to $4 billions in 1946.
The railroads, which were relatively
slow in placing in effect their postwar
new plant and equipment expenditure
programs, anticipate some further advances in such outlays in the first half
of 1947. On the assumption that the
anticipated rate of expenditures for the
first half is maintained through the year,
the 1947 total for new railroad plant and
equipment will approximate $1 billion,
or about double the figure for 1946. Presumably, the largest share of this outlay will be for new rolling stock. In the
immediate prewar years the average annual expenditure by railroads for new
SURVEY OF CURRENT BUSINESS
Table 1.—Expenditures on New Plant and Equipment by U. S. Business ]
[Billions of dollar si
1947 2
1946
1945*
total
Jan.-
June
Manufacturing and mining.. . . _ .
Railroad
_
. .
Electric a n d gas utilities .__ __
Commercial and miscellaneous 3
Total
JulySept.
Oct.Dec.
JulyDec.
Total
Jan.Mar.
April-
June
3. 05
.55
.63
1.82
2.74
. 23
.*41
1.04
1.81
. 16
.28
1.07
1.92
.18
.36
1.28
3.73
.34
.P4
2.35
6.52
.57
1.04
3. f 9
1.78
.21
.35
1.11
1.68
.28
.42
1.20
6. G5
5.02
3. 32
3.74
7.06
12. 08
3.45
3.58
1
2
Excluding agriculture.
Fiist and second quarters of 1947 are anticipations based on preliminary tabulations covering 1,500 companies reporting to the Securities and Exchange Commission and the Department of Commerce. Data for the two quarters of 1947
have
been rounded to the nearest $100 million, and,, therefore, detail will not necessarily add to the totals shown.
3
Includes trade, service, finance, communication, and transportation other than railroad.
Source: Securities and Exchange Commission and U. S. Department of Commerce.
equipment and plant was about equal to
the outlay expected to be made in the
first six months of 1947.
Gas and electric utilities likewise plan
somewhat larger expenditures for the
first six months of 1947. Actual new
plant and equipment outlays by this
group were $360 millions in the last quarter of 1946. A slight seasonal decline to
$350 millions is anticipated for the first
quarter of 1947, with the second quarter
new plant and equipment expenditures
rising to a new high of $420 millions.
Based on expectations for the first half,
an annual expenditure rate of about $1.5
billions for 1947 would be 50 percent
more than the 1946 total and more than
twice the 1939-41 average outlay for new
plant and equipment by the gas and
electric utilities.
Savings of Individuals
The amount of individual savings out
of current income has undergone a major change since the end of the war. The
broad significance of this development
was described in the economic review
presented in the February issue. Additional data since made available provide
information on the changed composition
of individual savings during the reconversion period and throw light upon the
likely course of savings in the period
ahead.
The estimates indicate that the sharp
reduction in the rate of savings last year
as compared with the rate in 1945 and in
the war years had its major impact on
the rate of accumulation of Government
securities, currency and bank deposits.
(See table 2.) Holdings of these assets
continued to increase during 1946 but at
a much slower pace than previously.
Holdings of U. S. savings bonds, for example, rose by less than 1 billion dollars
as compared with increases of almost 7
billion dollars in 1945 and an annual
average exceeding 10 billion dollars in
the years 1942-44. Net purchases of
other Federal securities declined from
3.4 billion dollars in 1945 to 0.5 billion
dollars in 1946, and additions to currency and deposit holdings were reduced
from 19.4 billion to 12.2 billion dollars.
The impact of the savings cut also was
appreciable in the case of insurance savings which declined by more than 2 billion dollars in 1946. Finally, the lowered
rate of savings was reflected in an increase of 2.4 billion dollars in the volume
of short-term consumer debt obligations
outstanding.
Relationship to Consumer Income
In normal periods, the volume of savings each year varies with the amount of
income (after payment of taxes) received
by individuals. As shown by the scatter
of points plotted in chart 9, changes in
income and savings conformed to a readily definable pattern during the 1929-40
period. The savings figures shown in
the chart are the Office of Business Economics estimates compiled in connection
with the national income computations,
and are not strictly comparable with the
Securities and Exchange Commission estimates shown in the table because of
differences in the definition of savings.
Consumer expenditure-savings patterns were affected by wartime developments and the volume of savings rose far
above what might have been expected
on the basis of the prewar relationship.
After reaching a peak in the second quar-
ter of 1945 the savings rate declined precipitously. By the final quarter of 1946,
savings were almost back to the level in
the third quarter of 1941, though the volume of disposable income had risen by
about two-thirds over the 5-year interval. Preliminary data suggest a further
decline in the first quarter of 1947.
The reasons for the wartime rise in
savings and the postwar decline are familiar to readers of the SURVEY. The unusual situation over most of last year
tvhen disposable income was rising and
consumer savings were declining rather
steadily reflected such factors as the
emergence of backlog demands, the increased supplies of goods flowing to the
market, the sharp rise in consumer
prices, and the general restoration of
peacetime income-spending habits. It
Was to be expected under such circumstances that the forms of savings which
expanded most sharply during the war
Would bear the brunt of the postwar reductions.
Savings Bond Purchases Cut Sharply
The volume of purchases of U. S. savings bonds was lower in 1946 than in any
year since 1941. (See chart 10.) Total
sales of series E, F, and G bonds was 7.4
SURVEY OF CURRENT BUSINESS
Chart 9.—Net Savings of Individuals Related to Disposable Income of
Individuals
50
1
r
**
U.
O
/
O
( 4
O
46
1
-
/
4
37
&/l
€ ) QUARTERLY TOTAL,
SEASONALLY
ADJUSTED, AT ANNUAL
RATE.
I
0
|
I
SOURCE OF DATA : U. S. DEPARTMENT
1944 to 14 percent in February 1946 and
8 percent a year later. On the other
hand, E bonds of 500- and 1,000-dollar
denominations, which comprised about
one-third of all E bond purchases during
1944
I
1945
1946
First Second
quarter quarter
quarter
Fourth
quarter
3.5
.2
2. 5
.3
Third
160
D.D. 46-290
OF COMMERCE.
1946
1942
|
60
80
100
120
140
DISPOSABLE INCOME OF INDIVIDUALS-BILLIONS OF DOLLARS
40
[Billions of dollars]
1940
2
O40
Table 2.—Savings of Individuals l
Type of savings
April 1947
O
billion dollars, or 5.5 billion dollars below
the 1945 sales mark, while redemptions
were 6.0 billion dollars, making a net increase during the year of 1.4 billion dollars. During the first quarter of 1947,
the amount outstanding increased
another 500 million dollars, but this increase reflected the renewal of bond purchasing by persons who had exhausted
their legal limit during the preceding
year. Many such persons purchase the
legal maxima at the beginning of each
year.
Redemptions of E bonds, which yield a
higher return and are far more widely
held than the F and G series, outstripped
purchases in 1946, resulting in a net decline of 500 million dollars in the amount
outstanding. This decline was approximately offset by the excess of E-bond
purchases during the first quarter of
1947 when limit buying was heavy and
redemptions were lower than in preceding quarters.
Although current data for bonds outstanding by denomination are not available, the percentage distribution of total
sales by denominations can be used to
indicate the trend of present holdings.
This distribution is shown in chart 11.
In February 1947, 16 percent of the value
of the E bonds purchased were of the
10- and 25-dollar denomination, compared with 34 percent a year earlier and
the high mark of an average of 36 percent during 1943 when the payroll savings plan was in widest use. Similarly,
E bond purchases of the 50-dollar denomination have declined from the peak
percentage of 15 percent of the total in
NET SAV INGS OF INDIVIDUALS
8
the war years had increased in February
1947 to three-fifths of all purchases.
The shift in bond purchases to higher
denominations suggests that low income
groups have become much less important
in the market for savings bonds than
during the war when payroll deductions
were a more significant factor in sales.
As was to be expected, the postwar period has seen a shift towards a more
usual distribution by types of savings.
19.4
1. 1
12.2
1.1
1.5
2
4. 7
.3
1.7
1.2
2.5
2 4
3.5
4.8
3.9
5.0
3.2
3.5
.8
8
.9
2.9
4.9
8.3
8.9
6.7
1.5
1.7
1.6
.9
-.4
-.1
8.0
1.9
2
.3
11.8
3.6
-.2
—. 7
6.9
3.4
-.3
.9
.5
-.3
0
.1
.3
0
2
.2
— .6
.1
.3
.3
.3
— .3
-.3
.4
.1
.2
Nonfarm dwellings (1- to 4-family):
Purchases
Change in debt .
-.2
10.0
14.5
9.3
1.1
.2
0
.1
.9
2.5
.9
1.6
.1
.8
-.1
3.6
2.9
.6
.4
1.1
.9
1.0
.8
Savings s_
Liquidation of other consumer debt
Total savings
1.7
-1.1
6.5
1.5
2T9~
30.6
. 7
.9
.9
.9
1.9
||
__ _
16.7
.8
li
Total securities
11.0
.3
OO CO
Total
Securities: 2
U . S . Savings bonds
Other U. S. Government
State and local governments
Corporate and other
3.0
.2
too
Higher Turn-over in Low Denominations
Currency and bank deposits
Savings and loan associations
Insurance and pension reserves:
Private., _ . .
Government
.9
.7
.7
.1
.1
.2
.2
-.4
-.8
-2.4
2
-.6
-.5
-1.1
40.9
38.6
19.4
3.4
6.2
5. 1
4.7
1 Excludes purchases of automobiles and other durable consumer goods included in the gross savings estimates of
S.2E. C. Includes unincorporated business savings of the types specified.
Does not include net purchases by brokers and dealer? or by other individuals financed by bank loans. Does not
include
armed forces leave bonas amounting to 600 million dollars in the last quarter of 1946.
3
Equals purchases of new one-to-four-family homes plus or minus change in debt.
NOTE: Figures are rounded and will not necessarily add to totals.
Source: Securities and Exchange Commission.
Although data on redemption rates by
denomination are available only through.
June 1946, these indicate that redemption rates of E bonds in the low denomination categories have been greater than
among the higher denominations.
Nearly half of the 25-dollar bond issues
purchased in 1945 had been redeemed by
June 30 of the following year, compared
with 36 percent for the 50-dollar issue,
20 percent for the 100-dollar issue and
11 percent for the 500- and 1,000-dollar
denominations.
The shifts in the denominational pattern of sales and redemptions provide
evidence that some groups of investors
have been liquidating their holdings
while others have continued to accumulate savings bonds. On the other hand,
the fact that total redemptions in 1946
SURVEY OF CUERENT BUSINESS
April 1947
were only moderately above the amount
in the previous year suggests that there
was no wide-scale cashing in of bonds
during the reconversion period. The
data in chart 11 indicate that redemptions were heaviest in the first quarter
when unemployment was most common
and industrial disputes were at a high
point.
9
Chart 11.—Percentage Distribution of Sales of U. S. Savings Bonds,
Series E, by Denomination
PERCENT
PERCENT
IOO i—m—i—i—T~T—i—i
[
i—i i
i IOO
Cash Accumulates at Reduced Rate
Savings in the form of currency and
bank deposits continued to rise during
1946, although such savings were about
one-third below that of 1945. The
smaller relative decline in cash savings
than in bonds in part reflects the removal of pressure on individuals to purchase bonds and the reversion to traditional means of savings.
The purchase of 3.2 billion dollars of
private insurance last year was only moderately below the 1945 volume and was
higher than in any year prior to 1944.
Current savings in the form of Government insurance, however, experienced a
30-percent reduction, owing to decreased
participation in National Service Life
Insurance.
25
•
1941
42
43
44
CALENDAR YEARS
1
Salejof $200 denomination bonds was authorized in December 1941.
Sale of $10 denomination bonds was authorized beginning June 1944 for sale to tke armed forces only.
Source of data: U. S. Treasury Department.
2
Consumer Credit Near 1941 Record
The appearance of many durable consumer goods in greater volume in 1946
offered an outlet for spending which reduced the savings total because of both
cash and credit purchases. The increase
Chart 10.—Sales and Redemptions of U. S. Savings Bonds, Series E
BILLIONS OF DOLLARS
4
QUARTERLY AVERAGE FOR YEAR
1941
1942
BILLIONS OF DOLLARS
4
~
3
—
2
—
I
1943
47-149
i Beginning October 1944, redemptions include unclassified redemptions which contain small amounts of series A-D.
Quarterly average redemptions for 1941 are less than 3 million dollars.
Source of data: U. S. Treasury Department.
737266—47
2
in short-term consumer credit amounted
to 2.4 billion dollars, which was larger
than the increase in any previous year.
The amount outstanding at the end of
1946 approximated the previous record
established in 1941. Charge accounts
and single payment loans were two components of short-term credit whose volume far exceeded the 1941 mark.
The total of consumer credit, however,
remains far below what might be expected on the basis of prewar relationships to income. This is partly attributable to remaining credit restrictions, but
to a greater extent it reflects the inadequacy in the supply of consumer durable
goods in 1946. As these shortages are
overcome, a considerable rise in the
amount of consumer credit outstanding
may be expected. Installment financing,
particularly, is out of line with the prewar ratio to total short-term credit, representing two-fifths of the total at the
end of 1946, as compared with threefifths of the total 5 years ago.
In addition to the spurt in short-term
consumer debt last year, there was a
marked rise in mortgage debt—amounting to 2.9 billion dollars—associated with
the postwar revival of residential building. During the war years repayment of
mortgage debt was somewhat larger than
the incurrence of new debt.
{Continued on p. 16)
SURVEY OF CURRENT BUSINESS
10
April 1947
Business Turn-Over and Causes
of Failure
By Melville J. Ulmer and Alice Nielsen
HE SUBSTANTIAL turn-over in
T
the business population in progress
during the past 6 years was described in
an article in the January issue of this
SURVEY. One fact of outstanding importance brought forth by that article was
the tremendous influx of new concerns
since the war neared its end, totaling
about 1 million between December 1944
and December 1946. Since mortality
rates are always high among new enterprises, considerable interest naturally attaches to the history of these new firms.
How many will win or have already won
an enduring place in the business economy? How many have closed or will
close their doors a few months or a year
or two after they started? Among those
which do drop out, what are the circumstances which led to their discontinuance
or transfer? Among those which fail,
what are the causes of failure?
Information bearing upon the first two
questions was presented in the January
article previously mentioned. The present study is concerned with the last two
questions cited and presents the results
of a survey conducted to determine the
reasons for current business disposals
and the causes of failure.
Salient Definitions
The number of firms in operation,
along with the number of new, discontinued, and transferred businesses from
1940 through September 1946, is shown
in chart 1. A discontinued business is
here defined simply as one which has
been liquidated regardless of the causes
or the nature of the liquidation. A
transferred concern, on the other hand,
is one which has been reorganized or has
been sold outright by its owner to a successor who carries on the business. The
substantial decline in the number of
NOTE.—Mr. Ulmer and Miss Nielsen are
members of the Business Structure Division,
Office of Business Economics. The authors
wish to acknowledge their indebtedness to
Donald W. Paden, formerly with the Division,
who was responsible for planning the earlier
stages of the survey described in this article.
Summary
Because of favorable economic
conditions, business failures were
low in the second quarter of 1946.
For those firms which failed during this period, a special Department of Commerce survey shows,
the principal cause to which failure
was attributed by proprietors was
a scarcity of merchandise and materials.
Other causes of substantial importance were: Labor shortage, increase in labor costs, difficulty in
securing customers, lack of capital,
and rent increases. Scarcity of
merchandise was of especial importance in the retail durablegoods lines and in construction but
was significant in almost all industries. Analysis of the age distribution of failing firms indicates
that 1 out of every 3 failures occurs
during the first year of operation,
1 out of every 2 failures during the
first 2 years, and 2 out of every 3
in the first 5 years of operation.
The survey upon which this study
is based covered 1,650 firms sold or
liquidated in the second quarter of
1946, of which 550 were classified as
failures. Nearly 20 percent of the
entrepreneurs of failing firms were
veterans of World War II.
firms in operation from 1941 to 1943 and
the even greater rise which occurred in
the subsequent years, of course, was due
solely to the difference between the number of new businesses started and the
number discontinued.
This study is concerned only with
firms which were liquidated or sold outright. As chart 1 shows, the number of
discontinued concerns rose sharply in
the early years of the war period, declined in 1943, remained low to the end
of 1944, and has risen moderately since
that date. There are no data available
on the number of outright sales throughout this period. While the number of
transfers has increased sharply since
the low point of 1943, reorganizations at
all times weigh heavily in the total.
Objectives and Methods
Stated in greater detail, the objectives
of the survey described in this report
were fourfold: (1) to determine the motives for sale or liquidation of business;
(2) to determine the principal difficulties
experienced by the entrepreneurs of
these firms; (3) to determine the immediate causes of failure among those
which may be considered failures; (4)
to secure other relevant information
bearing upon the nature of business sales
and liquidations including estimates of
the average life span of business enterprises in general.
To obtain this information a questionnaire was sent to a representative sample selected from the totality of firms
which had been liquidated or sold in the
second quarter of 1946. The number of
usable returns received amounted to
1,650, or about 2V2 percent of the total.
Representativeness of the sample was secured through careful stratification, as
described in the Appendix. Firms included were confined to those having 1
or more employees.
Characteristics of the Sample
Distributions of the firms included in
the study by size, location, and industry
are given in table 1. As shown in the
Appendix, these distributions within the
sample follow very closely the similar
distribution of firms within the totality
of concerns discontinued or sold in the
second quarter of 1946.
It may be noted that approximately 60
percent of all returns were from firms
having from 1 to 3 employees, with only
4 percent coming from firms with 20 or
more employees. The industry breakdown shows that about 50 percent of all
returns were in retail trade, the bulk
dealing in nondurable goods; about 20
percent in the service industries; some-
April 1947
what more than 10 percent in manufacturing; 7 percent in contract construction; and 4 percent in transportation.
In the geographical break-down, the
Midwest and South were of somewhat
greater importance than the North Atlantic and the Par West.
Table 2 shows that the smallest firms
are of greatest importance in the retail,
service, and transportation groups, and
the largest firms mainly in manufacturing. Fourteen percent of all manufacturing concerns had 20 or more employees as against less than 4 percent for all
other groups. In table 3 it is shown that
the distribution of firms by major industry group is approximately the same in
all four major regions.
Motives for Business Disposal
The motives for sale or discontinuance
of business as reported by the entrepreneurs questioned are summarized in table 4. The relative importance of these
motives in the total of all business disposals reflects in large part the generallevel of demand and business activity,
which in the second quarter of 1946 was
high. Accordingly, only one-third of all
disposals were motivated by the desire to
avoid financial loss. Among those firms
which were liquidated, as shown in table
4, the proportion was somewhat less than
one-half, and among firms which were
sold slightly more than one-quarter.
It is important to note that these firms
which were liquidated or sold to avoid
loss, in the broad economic sense, may
be denned as "failures."1 Of course,
such failures in depression periods would
doubtlessly comprise a much greater
proportion of all disposals than they did
in the second quarter of 1946.
The second most important group of
motives for business disposal is linked
to circumstances which probably do not
fluctuate significantly with the business
cycle—retirement, illness, or death of
the owner. Firms sold or liquidated under these circumstances accounted for
30 percent of all disposals, 38 percent of
sales, and 16 percent of liquidations,
probably higher percentages than would
be encountered in a period of depression.
Also accounting for a substantial proportion of business disposals in the second quarter of 1946 were the motives
springing from alternative opportunities,
particularly opportunities in the form of
another and more desirable line of business or in the form of an employee's position elsewhere. Firms m this category
accounted for one-fifth of all disposals,
23 percent of the sales, and 15 percent of
1
This definition of failures must be distinguished from legal usage, which confines
the term primarily to bankruptcies.
n
SUEVEY OF CURRENT BUSINESS
the liquidations. Only 7 percent of the
firms were disposed of in order to realize
a profit on the transaction, with the great
majority of these cases falling among
the sales rather than liquidations. About
9 percent of the concerns were disposed
of because of loss of lease on the business
site, the bulk of these cases falling among
liquidations.
Of primary interest in this study, however, is the group defined above as failures, and it is to the characteristics of
this group that principal emphasis is
given in subsequent sections.
Immediate and Fundamental Causes
of Failure
Previous studies of the causes of business failure differ from the present survey in one important respect—i. e., in
the "level" of causes investigated. Although the line is not at all points
sharply delineated, two principal levels
of causes may be distinguished. First,
are what may be termed the "immediate"
causes of failure. These are the factors—such as an increase in rent or labor
costs, a decline in value of inventory, or
a lack of customers—which lead proximately to failure. These factors are in
the main environmental, reflect the characteristics of the current business situation, and are subject to fluctuations as
these characteristics vary over time.
Second, are the "fundamental"
causes—those attributes of unsuccessful
concerns such as inadequate recordkeeping, inexperienced management,
poor location, etc., which make them especially vulnerable to the environmental
factors described above, and ultimately
to failure. These characteristics are related primarily to problems of business
practice and in a sense provide definitions of the "marginal firm." There are,
of course, always such marginal firms—
high-cost or inefficient or otherwise
handicapped concerns—in the business
population, and their emblematic attributes do not vary much over time. The
"fundamental" causes of failure in this
sense are ever-present. It is the immediate causes which from time to time activate them and transform marginal
firms into failures.
Previous studies were concerned entirely or primarily with the fundamental
Chart 1.—Number of Firms in Operation and New, Discontinued, and
Transferred Businesses
THOUSANDS OF FIRMS
3600
THOUSANDS OF FIRMS
3600
3400
3400
TOTAL NUMBER OF
FIRMS IN OPERATION
3200
3200
2800 I
I
I
I
t
1 1 I
1 1 1 I
1 t
QUARTERLY AVERAGES FOR YEAR
I T I
I
1 1 I
I
1 I
I
1 1
2800
QUARTERLY TOTALS
DISCONTINUED
100
I
1940
1941
1942
Source of data: U. S. Department of Commerce.
1943
1944
I
I
i
I
I
1945
I
I
I I
1946
47-135
SUEVEY OF CURRENT BUSINESS
12
causes of failure. The present study is
confined principally to a survey of the
immediate or environmental causes as
summarized in the following section. As
indicated in the Appendix, a supplementary study of fundamental causes has
been planned for operation in the field.'
Chart 2.—Causes of Failure of
Business Firms, by Industry
Groups *
'
1I
Immediate Causes of Failure
ALL INDUSTRIES^
DURABLE GOODS RETAIL
i
Region, size, or industry
group },
Region: 1
All regions
. _.
North AtlanticMidwest
South.
_._.
Far West
Size:
All sizes
1-3 employees. _
4-7 employees. _
8-19 employees..
20 or more employeesIndustry :
All industries.
_
Retail trade
Durable goods
Nondurable goods.
Services.
_
Manufacturing
Durable goods
Nondurable goods.
Contract construction..
!
Transportation
Other..
All
firms
Liquidated
Sold
100
23
31
26
20
100
23
31
25
21
100
23
29
28
20
100
61
25
10
4
100
62
24
10
4
100
60
27
10
3
100
48
5
43
22
11
7
4
7
4
8
100
58
5
53
20
9
5
4
2
4
100
31
5
26
24
14
9
5
17
4
10
7
i•
l
Table 1.—Percent Distribution of 1,650
Firms Sold or Liquidated, by Region,
Size, and Industry Groups, Second
Quarter 1946
l
The principal immediate causes of
failure, ranked according to their relative importance, are shown in chart 2
and in table 5 for firms classified by major industry group. In some cases, entrepreneurs indicated more than one
difficulty making for failure. Indeed, on
the average, for every two failing concerns there were three "causes" tabulated. For this reason the percentages
shown total to more than 100.
By far the most important cause of
failure, however, was clearly scarcity of
merchandise and materials—the outstanding characteristic of the reconversion period to which this study relates.
About 47 percent of all firms attributed
their failure wholly or in part to this
factor. In construction, as shown in table 5, as many as 74 percent and in durable-goods retailing as many as 73
percent of all firms named this factor as
a cause. As might be expected, in
transportation and in services scarcity
of materials and merchandise was of
considerably less importance. It is notable that in retailing generally this factor weighed much more heavily than in
manufacturing.
The second most important cause of
failure was difficulty in getting compe-
II
•
.. - -
H
NONDURABLE GOOOS RETAIL
• _-•_
•
SERVICES
I 1• • . • . _ -
11• • • - .
DURABLE GOODS
MANUFACTURING
.. •
NONDURABLE GOODS
MANUFACTURING
11• • - _ .
_•
Is I I as is§
if
jo
JOT
jo
ectc B«<n
CAUSE OF FAILURE
1
2
Based upon data shown in table 5.
Includes also contract construction in transportation
and other industries not shown separately in chart.
Source of data: U. S. Department of Commerce survey
of business mortalities in second quarter of 1946.
tent employees, which affected 28 percent of all the firms sold or liquidated
in order to avoid loss—a result of the low
level of unemployment and the competition for labor engendered by the high
level of business activity. For services
this factor was the leading cause and
affected 38 percent of the failures in this
industry.
A related cause was the increase in
labor costs which affected 16 percent of
all failing concerns and assumed roughly
the same importance in all industries,
with extremes of 20 percent in transportation and 14 percent in durable-goods
retailing, services, and nondurable manufacturing.
April 1947
Generally speaking, few firms lacked
for customers in the second quarter of
1946, and yet there were no doubt some
important exceptions to this rule. Obvious examples may be found in the
service and retail concerns organized
about military establishments, shipyards, and other strictly war industries
which contracted at the war's close.
Similarly war industries, which for one
reason or another were unable to convert to a peacetime product, would also
be affected by this factor. Other less
obvious examples may appear in firms
which were very poorly located or offered
palpably poor merchandise at excessively
high prices. In the main, firms troubled
by lack of customers were the exception
to the general rule in the second quarter
of 1946, but in the total number of failures in that quarter they accounted for
about 13 percent. This figure varies
rather widely among industries. In construction, only 2 percent of failures had
difficulty finding customers, in services
the figure was 23 percent, and in nondurable goods manufacturing 18 percent.
About 12 percent of all failures in the
second quarter of 1946 were affected by
lack of capital, the percentage amounting to 30 percent in the case of the transportation industry. Construction was
another industry in which this appeared
as a significant cause of failure.
It is noteworthy that none of the firms
in retail durable goods lines attributed
their failure to lack of capital. Reference to table 5 shows that this is also
true of another factor—increase in
rent—which was of considerable importance in most other fields. The reason
for this difference is probably to be found
in the fact that most failures in retail
durable goods lines had only recently
been organized, and possessed sufficient
capital to last through their short period
of existence as well as new leases on their
sites which were not subject to change
during their brief period of operation.
The main reason for failure in this line
of business—apparently sufficient to
dwarf all others—was scarcity of merchandise, as previously mentioned.
Table 2.—Percent Distribution of 1,650 Firms Sold or Liquidated, by Size According
to Industry Groups, Second Quarter 1946
Manufacturing
Retail trade
All
industries Total
Size
All sizes
Du- Nonrable duragoods ble
goods
Services
Total
Du- Nonrable duragoods
ble
Source: U. S. Department of Commerce.
1-3 employees
4-7employees
_.
8-19 employees.
20 or more employees
... _.
Transportation
Other
goods
100
100
100
100
100
100
100
100
100
100
100
61
25
10
4
65
25
8
2
67
21
9
3
65
25
8
2
69
20
8
3
34
30
22
14
35
31
21
13
32
30
22
16
49
36
13
2
64
17
15
4
64
24
9
3
1
The North Atlantic region includes the New England
and Middle Atlantic states; the Midwest includes the
East North Central and West North Central states; the
South includes the South Atlantic, East South Central
and West South Central states; and the Far West
includes the Mountain and Pacific states.
Contract
construction
Source: U. S. Department of Commerce.
SURVEY OF CURRENT BUSINESS
April 1947
The same two questions, however,
were put as well to all other firms in addition to failures. Answers to the first
question are summarized by industry in
table 6. To the second question, 62 percent of all firms (other than failures)
answered in the affirmative, indicating
the importance of these factors in influencing decisions to retire, take a job,
open another business, sell the business
at a profit, etc.
The ranking of the difficulties tabulated in table 6 is similar although not
quite the same as the ranking of causes
of failure shown in table 5. Scarcity of
merchandise or materials and labor
shortage again appear as the outstanding business problems, with increases in
labor costs and in rent and scarcity of
equipment and repairs also of some importance. As might be expected, however, difficulty in securing customers and
lack of capital were of considerably less
significance among the nonfailures.
The incidence of the principal difficulties in the various industry groups, as
shown in table 6, is also about the same.
The average number of difficulties cited
per firm, however, was smaller for nonfailures than for failures. For failures,
the average number of difficulties was
1.6 per firm and for all others 1.1.
Among all failures, rent increases
were recognized as a key problem in 10
percent of the cases, and in nondurable
retailing the proportion was 16 percent.
In service industries as well, this factor
was a significant cause of failure.
Difficulty in getting equipment or repairs is clearly a problem which would
be of especial importance only to some
industries. In transportation it was the
principal cause of failure, affecting 33
percent of all firms. In all industries as
a group it influenced only 8 percent of
the failures. Similarly, inability to get
dealer agencies affected 9 percent of all
failures in retail durable goods but only
2 percent of those in other retail lines
and in services, and of course none in
other fields except for the miscellaneous
group which includes wholesalers. Since
most prices were stable or rising in the
second quarter of 1946 and for some
years preceding, decline in value of inventory was an insignificant cause of
failure in every industry.
Major Business Problems
Firms classified as failures above were
those which had been sold or liquidated
in order to avoid loss. The causes of
failure referred to were obtained by (1)
asking the owners of such concerns for
their most serious difficulties during the
last six months of business; (2) asking
whether these difficulties were an "important factor" in their decision to dispose of their businesses. In the case of
the failures discussed in the preceding
section, affirmative answers to the second question closely approached 100
percent.
Other Features of Business Disposals
A full appraisal of the causes of failure
and business difficulties discussed above,
as already indicated, would require an
extensive field study of the concerns involved and of the nature of their operations. It was possible in the present
study, nevertheless, to obtain a portion of
the background information necessary
Chart 3.—Estimated Life Span of Business Firms
2
3
4
5
6
7
8
9
10
0 1
3
4
5 6
AGE OF FIRMS (YEARS)
(Based Upon Distribution of 1,650 Firms Sold or Liquidated in Second Quarter of 1946)
Source of data: U. S. Department of Commerce.
13
Table 3.—Percent Distribution of 1,650
Firms Sold or Liquidated, by Industry
Groups, According to Region, Second
Quarter, 1946
North
Far
Atlan- Midwest South West
tic
Industry
All industries.
Ketail trade
Durable goods,__
Nondurable
goods
Services
Manufacturing
Durable goods _ _ _
Nondurable
goods
Contract construction
. __ _
Transportation
Other .
100
49
5
100
50
6
100
49
5
100
45
6
44
19
14
6
44
22
10
6
44
21
10
7
39
25
10
8
8
4
3
2
5
4
9
7
3
8
9
4
7
8
5
Source: U. S. Department of Commerce.
Table 4.—-Motives for Disposal of Sold
and Liquidated Firms *
[Percent of firms]
All
firms
Sold
100
All motives
34
Avoid loss
7
Dispose of at a profit
20
Alternative opportunity
Lost lease . _
__ ___ 9
Retirement, illness, and other. 30
100
26
10
23
6
38
Motive
Liquidated
100
48
2
15
19
16
1
Based on replies of 1,650 businessmen who sold or
liquidated concerns in the second|quarter of 1946.
Source: U. S. Department of Commerce.
for this evaluation. This information—
relating to the profit experience and the
record-keeping practices of the firms
surveyed, as well as pertinent data on the
background of their entrepreneurs—is
summarized in table 7.
Of all concerns which were liquidated
or sold in the second quarter of 1946, the
uppermost bracket of this table shows,
about 24 percent were disposed of at a
loss to their owners. In only 22 percent
of the cases was a profit realized on disposal of the firm, despite the fact that
materials and facilities were exceedingly
scarce in early 1946. In the remainder
of the cases—54 percent—the exchange
was about even or existence of a profit
or loss was "difficult to determine." Of
course, among those firms which failed,
the proportion of profitable disposals is
much smaller while the number of losses
was relatively greater by a substantial
margin. For only 8 percent of the failing concerns were disposals made at a
profit; for 42 percent losses were involved, and in the remaining 50 percent
the results of the transaction were either
even or difficult to determine.
The profit experience during the last
year of operation was also unfavorable
for firms which were liquidated or sold
in the second quarter of 1946, even including those concerns which were not
classified as failures. Less than half of
14
the firms operated at a profit during
their last year, with 16 percent suffering
actual losses. Among failures, 17 percent earned a profit during the last year
of operation, 37 percent suffered definite
losses, while the remainder—about 45
percent—operated at an "about even" or
"difficult to determine" basis. For firms
not classified as failures, 60 percent
earned a profit during the last year and
5 percent experienced actual losses.
Record Keeping
In the third bracket of table 7 is presented information on a factor which has
been widely accepted as one of the principal "fundamental" causes of failure.
Nearly two-fifths of all firms which were
liquidated or sold in the second quarter
of 1946 did not prepare annual profitand-loss statements. Since an annual
profit-and-loss statement, along with
the running accounts of expenses, receipts, and inventories which such a
statement entails, provides a generally
recognized key to the existence of accounting records required for efficient
business management, the significance of
this finding is apparent.2 It is notable,
however, that the score on this question
does not differ very greatly as between
failures and the other mortalities.
Among failures, 41 percent of all firms
did not prepare annual profit and loss
statements, while for other mortalities
the figure was 37 percent.3
Other Characteristics of Owners
The remaining information provided
in table 7 is of incidental rather than
primary interest to the principal objective of this study. These data show that
44 percent of all entrepreneurs of firms
sold or liquidated in the second quarter
of 1946 had previous experience as owner
or manager and that the difference between entrepreneurs of failing firms and
those of other mortalities in this respect
is small, with the margin resting with
2
For a discussion of the types of records
required by small business see "Record Keeping for Small Stores," Welch, Charles H., and
Sevin, Charles H., Senate Committee Print
No. 2, 79th Congress, Revised Edition, October3 1, 1945.
This may be compared with studies of
accounting practices in bankrupt concerns
and other failures in New Jersey and Boston.
Of the total of 957 failures studied in these
two states, 39 percent kept no accounting
records whatsoever, while an additional 29
percent had inadequate records. See Plummer, W. C, "Causes of Business Failures and
Bankruptcies of Individuals in New Jersey in
1929-30," Domestic Commerce Series No. 54,
U. S. Department of Commerce, 1931, p. 6,
and Sadd, Victor, and Williams, Robert T.,
"Causes of Commercial Bankruptcies," Domestic Commerce Series No. 69, U. S. Department of Commerce, 1932, p. 17.
SUEVEY OF CURRENT BUSINESS
failures. Experience of this kind, while
helpful, is obviously not crucial to failure
or success in business. Previous experience as a cotton textile salesman, for
example, would no doubt be of much
greater assistance to a prospective owner
of a cotton textile jobbing concern than
previous experience as owner of a restaurant. Such information on the specific nature of previous experience was
not obtained in this survey.
The lowest sections of table 7 provide
information on the employment status
of each of the entrepreneurs surveyed
and the relative importance of veterans
of World War II in this group. From 4
to 6 months after the date on which
businesses were sold or liquidated, 20 percent of all the entrepreneurs surveyed
were unemployed; among failing firms
the proportion of entrepreneurs unemployed was 26 percent, and among all
other mortalities 17 percent. Approximately one-third of all entrepreneurs
were in another job from 4 to 6 months
after sale or discontinuance of their
firms, with a slightly smaller proportion
in another business. Almost one-fifth
were otherwise occupied, either temporarily or permanently retired, or awaiting an opportunity to open another business, buy a farm, etc.
As regards the age of the enterpreneurs, about one-tenth were under 30
years of age and about one-tenth over
65. The great bulk of those over 65
years of age, however, were retirements,
with only 4 percent of the entrepreneurs
of failing concerns falling in this group.
It is notable, however, that nearly onefifth of the entrepreneurs of failing concerns were veterans of World War II,
while the proportion of veterans among
the total of all entrepreneurs surveyed
was somewhat less, at 13 percent.
April 1947
Life Span of Business Firms
It is well known that, in general, the
younger the business firm the more vulnerable it is likely to be to the numerous
factors which occasion sale or discontinuance. Twenty-six percent of all
firms sold or liquidated in the second
quarter of 1946 were 1 year of age or less
and 45 percent were 3 years or less.
Among those firms classified as failures,
37 percent were 1 year of age or less and
59 percent were 3 years or less.
From the age distribution of firms sold
or liquidated in the second quarter of
1946 it was possible to derive an approximation of the life span of business firms
by type of mortality, region, and industry, as shown in the 3 panels of chart 3.4
Thus, from the center line in the left
panel of chart 3 it is suggested that
only three-fourths of all the concerns
covered in the survey succeeded in lasting 1 year or more, about one-half succeeded in lasting 4 years, and less than
one-third lasted 10 years. This line depicts the life span of all firms regardless
of the reason for their ultimate sale or
liquidation. For firms destined to fail,
the lowest line on this chart shows that
the life span is very much shorter: only
4
A precise statistical summary of the life
span of business firms during any given period can be obtained only by identifying each
of the firms started in each of the years
during this period and following the course
of each firm to its demise, if any, throughout
the period studied. It would be necessary as
well to determine the age distribution of the
firms already in existence at the beginning
of the period studied and to note the subsequent experience of these concerns. Aside
from investigations confined to particular
cities and industries, no study of this type
has ever been accomplished because of the
great detail involved and the lack of the
necessary data. The Department of Commerce, however, is at present exploring the
possibility of undertaking at least a portion
of such research.
Table 5.—Causes of Failure by Industry Groups *
[Percent of failures]
Manufacturing
Retail trade
Cause
Scarcity of merchandise or materials
Difficulty in getting competent
employees
Increase in labor cost
Difficulty in securing customers.
Lack of capital
Increase in rent
Difficulty in getting equipment
or repairs
Inability to get dealer agencies. _.
Decline in value of inventory
Other
All industries Total
Dur- Nondurable
able
goods goods
Services
Total
Contract Transcon- porta- Other
NonDur- dur- struction
able
able
goods goods tion
28
19
15
16
15
6
20
1
Based on replies of 543 businessmen who sold or liquidated concerns in the second quarter of 1946 in order to avoid loss.
Since many firms indicated more than one cause of failure, percentages add to more than 100. The 543 firms cited a total
of 846 causes of failure.
Source: U. S. Department of Commerce.
April 1947
two-thirds last 1 year, only one-half last
2 years, and less than one-third last as
long as 5 years. Alternatively stated,
this line suggests that 1 out of every 3
failures occurs during the first year of
operation, 1 out of every 2 failures during the first 2 years, and 2 out of every 3
in the first 5 years of operation.
As already indicated, the life span of
firms which become mortalities for reasons other than failure is longer. About
four-fifths of these firms last 1 year or
more, nearly 50 percent last 6 years, and
almost 40 percent last 10.
From the right panel of chart 3 it may
be concluded that the average life span
of business firms included in the survey was somewhat greater in the North
Atlantic than in other regions of the
country. Sixty-five percent of all firms
lasted 3 years or more in the North Atlantic region as again 57 percent in the
Midwest and about 50 percent in the
South and Par West. Although consistent throughout the 10-year span, however, these regional differences may reflect in whole or in part the differential
effects of the war in these regions. Since
the North Atlantic expanded less than
the rest of the Nation during the war
years it is possible that the relatively
greater frequency of recent war plant
closures and related developments in
SUEVEY OF CUREENT BUSINESS
15
Table 6.—Business Difficulties of Sold and Liquidated Firms Other than Failures,
by Industry Groups 1
[Percent of firms]
Manufacturing
Retail trade
All
industries Total
Difficulty
Scarcity of merchandise or materials.
Difficulty in getting competent
employees
Increase in labor cost.
Difficulty in getting equipment
^ or repairsIncrease in rent...
Difficulty in securing customers.
Lack of capital
Inability to get dealer agencies..
Decline in value of inventory
Other
Dur- Nonable durable
goods goods
Services
Contract TransporNonconDur- dur- structation
Total able
able
tion
goods goods
Other
43
56
65
54
24
34
36
33
54
9
20
31
9
27
7
4
14
3
6
29
7
4
39
9
11
37
9
14
42
10
18
30
7
9
32
9
5
38
22
16
23
16
8
3
8
12
0
0
0
3
4
0
0
7
2
8
0
0
8
5
0
0
0
5
0
3
5
3
7
7
7
2
1
2
2
(2)
(2)
(2)
1
6
2
0
0
2
6
(22)
()
2
1
(2)
6
2
5
0
0
7
3
3
0
0
16
3
0
2
2
0
10
1
Based on return from 1,069 businessmen who sold or liquidated concerns in the second quarter of 1946 for reasons other
than to avoid loss. Since many firms indicated more than one difficulty, percentages add to more than 100. The 1,069
firms
cited a total of 1,162 difficulties.
2
Less than 0.5 percent.
Source: U. ss. Department of Commerce.
these other regions may be mirrored in
chart 3 rather than any enduring differences in life span.
Although no detailed data have heretofore been available on the subject, it
has frequently been assumed that the life
span of firms in retail trade was considerably shorter than in other branches of
industry. This presumption is obviously
not confirmed by the data shown in the
center panel of chart 3. The differences
in life span as disclosed by the sales and
liquidations in the second quarter of 1946
for the 3 major groups—retail trade,
service industries, and manufacturing—
are exceedingly small and probably statistically insignificant. The great bulk
of the firms in operation at any one time
in manufacturing as well as in services
and retail trade are small concerns, and
Chart 4.—Distribution of Sold or Liquidated Firms Within Sample Compared With Distribution of All Firms
Sold or Liquidated During April-June 1946, by Industry Groups, Size, and Regions
PERCENT
INDUSTRY
25
NUMBER OF
EMPLOYEES
ALL RETAIL TRADE
1-3
DURABLE GOODS
RETAIL
4-7
NONDURABLE GOODS
RETAIL
8-19
SERVICES
20-49
ALL MANUFACTURING
50 AND
OVER
y///////////////////////^^
DURABLE GOODS
MANUFACTURING
PERCENT
REGION
NONDURABLE GOODS
MANUFACTURING
CONTRACT
CONSTRUCTION
TRANSPORTATION
OTHER
Source of data: U. S. Department of Commerce survey of business mortalities made in second quarter of 1946.
50
25
50
75
16
SUEVEY OF CUKEENT BUSINESS
it is these small concerns which account
for almost all the turnover constantly
underway in the business population.
The general conclusion from chart 3,
then, is that the average life span of
small business is short, regardless of
whether these firms are located in retailing, manufacturing, or the service industries.
Table 7.—Selected Characteristics of
Sold or Liquidated Businesses and of
Their Owners
All Failfirms
All
others
Percent of firms
Disposed of business at:
Loss.._
About even
Difficult to determine
Profit
Operated during last year at:
Loss
About even
Difficult to determine
Profit
Prepared annual profit and loss
statement:
Yes
No
Appendix
The firms included in this study of the
reasons for business disposal and causes
of failure were secured by selecting a
sample from a list of concerns which
had been discontinued or sold in the second quarter of 1946, obtained from the
66 Internal Revenue Bureau districts
with which all firms (outside agriculture
and railroad transportation) with 1 or
more employees must register under the
Federal Insurance Contributions Act.
These lists, therefore, included all concerns with 1 or more employees which
had been discontinued or sold during the
period. From each of the Internal Revenue Bureau districts a random sample
of approximately 10 percent was taken.
Since 66 different lists were available,
this method provided detailed geographical stratification and to some extent,
because of the geographical distribution
of industries, an industrial stratification
as well. A total of 1,650 usable returns
were received, representing about 2%
percent of all concerns sold or liquidated
in the second quarter of 1946.
Comparison of the distribution of
firms within the sample with the distribution within the universe by size of
employment, by geographical location,
and by industry revealed only minor dis-
24
44
10
22
42
41
9
8
15
46
10
29
16
32
7
45
37
39
7
17
5
28
7
6)
62
38
59
41
63
37
Percent of entrepreneurs
Previous experience as owner or
manager:
Yes
No
Employed at present:
In a job
In another business
Unemployed
Other
Age:
Under 30
30-39
40-49
50-64
65 or over
Veteran of World War I I :
Yes
No
44
56
47
53
43
57
32
29
20
19
43
27
26
4
26
31
17
26
9
25
27
29
10
9
32
29
26
4
20
25
32
15
13
87
18
82
11
89
Source: U. S. Department of Commerce.
crepancies. These distributions are
shown in chart 4. Conclusions drawn on
the basis of the total sample count,
therefore, would appear to be highly reliable. Less reliability, of course, must be
assigned to the conclusions drawn from
various breakdowns within the sample
such as characteristics relating to individual industries or particular regions.
As indicated above, about threefourths of the firms which received
April 1947
questionnaires in this survey failed to
respond. In such cases, the possibility
always exists that one or more of the
characteristics investigated may have
been correlated with the failure to respond to the survey questionnaire. In
the present case, this possibility is now
being investigated.
A field survey of a small sample of the
firms sold or liquidated in the second
quarter of 1946 is being undertaken.
The survey will have two principal objectives: (1) to check nonrespondents to
determine whether their characteristics
differ materially from those of the group
which did respond; (2) to obtain information on the "fundamental" causes of
failure referred to earlier in this report.
The Business Situation
(Continued from p. 9)
Leeway for Further Reductions
Whether a further reduction in savings will occur in 1947 will depend on
price and income developments and on
other factors affecting spending decisions of individuals. The composition
of individual savings during 1946 indicates that there is leeway for such a reduction this year. Out of total liquid
savings of almost 16 billion dollars, more
than 12 billion dollars represented the
accumulation of bank deposits and currency. Savings in the form of insurance, which is of a contractual nature,
aggregated less than 7 billion dollars.
Debt repayment obligations also are a
contractual form of savings but debt
liquidation will continue to be more than
offset by new borrowing during 1947, as
was the case last year.
New or Revised Series
Manufactured Dairy Products: Revisions in Production Data and Utilization of Milk in Manufactured Products for Page S—26
[Thousands of pounds]
Condensed milk
Cheese
Evaporated
milk
Butter
1944
1945
104,370
106, 226
124, 770
130, 652
172, 403
177,967
153,175
131,042
113,471
100,610
85,995
87,821
98, 297
91, 325
109,001
122, 215
160,170
171,354
155,754
133,262
99,876
87, 771
68,868
65,824
1944
62, 211
63,694
78, 535
89,857
116,944
122, 689
107,185
92,444
82, 764
76, 559
63,964
62,988
1945
1944
1945
67,900 43,047 51,017
67,974 46,047 51, 779
85, 256 58,483 65,975
103, 247 68,967 82,336
133,146 95,405 108,465
138,988 103,171 112,163
126,055 89,989 100,557
107,671 76, 504 87,909
89,650 66,804 71,162
78,872 59,878 58,940
60,853 48,678 43,894
58, 258 47,814 40,887
Bulk goods
Case goods
1944
1945
1944
1945
1944
26,090
30,586
41,905
49,779
68,137
63,179
43, 232
30, 234
22,624
19,019
17,039
21,811
26,514
29,980
43,916
62,972
83,529
87, 217
71,509
53,870
40,103
33,867
29,948
33, 275
8,795
9,451
11,823
13,989
16,418
16, 344
12,835
11,801
10,472
9,754
8,933
8,632
9,542
8,544
11, 242
13,939
15,877
15, 384
14, 224
13, 625
11,806
11,197
9,308
8,834
190,541
208,008
266, 207
317,361
412,466
410,991
359,380
308, 294
275,303
243,118
211, 243
225,177
1945
1944
251,924
253, 259
327,332
388,031
477,734
476,915
431,843
358,559
269, 744
210,353
165, 628
165, 061
3,303
3,411
4,049
4,427
5,789
5,965
5,155
4,410
3,876
3,471
2,957
3,034
1,488,502 1,363,817 1,019,834 1,117,872 804,787 875,084 433,635 596, 700 139,247 143, 522 3, 428,089 3, 776,383
49,848
314,699
4,154
January
February
March
April
May
June_.
July
August
September. _
October
November.
December
Total.
American
Total
Month
Utilization of
milk in manufactured dairy
products
Monthly average-
124,042
113,643
84,986
93,156
67,066
72,924
36,136
49,725
11, 604
Source: Compiled by the U. S. Department of Agriculture, Bureau of Agricultural Economics.
to further revision.
11, 960
285,674
1945
3,368
3,225
3,977
4,595
5,910
6,192
5,618
4,790
3,668
3,173
2,496
2,406
D r y skim milk
Total
For human
consumption
1944
1945
1944
1945
26, 765
29,718
49,876
61,131
80,413
82,903
69, 271
53,430
42,351
36,651
30, 201
36, 556
43,760
43,844
60,639
72,684
90,991
91,141
72, 539
53,345
41,867
32,129
24,990
32,125
26,006
28,877
48,771
59,625
77,971
80,174
67,394
51,923
41, 216
35, 685
29,551
35,676
42, 522
42,833
59, 214
70,831
88,475
87,982
70, 288
51,852
40,814
31,492
24,581
31,662
49,418 599,266 660,054 582,869 642, 546
4,118
49,939
55,005
48,572
53,546
Data for 1944 represent final revisions; 1945 figures are preliminary and subject
SUEVEY OF CURRENT BUSINESS
April 1947
17
Indexes of Prices Received by Farmers: Revised Series for Page S—3
l
[August 1909-July 1914= 100]
Crops
Year and month
All farm
products
Total
Cotton
Feed
grains
and hay
Food
grains
Livestock and products
Fruits
Oil bearing crops
Track
crops
Tobacco
Total
Monthly average:
1913
1914
1915
1916
1917
1918
1919
1920
1921.
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936:
January
February. __
March
April
May
June
July
August
September-.
October
November..
December. _
Monthly average.
1937:
January
February...
March
April..
May
June
July
August
SeptemberOctober
November..
December. .
Monthly average.
1938:
January
February.._
March
April
May
June
July
August
September..
October
November..
December..
Monthly average.
1939:
January
February...
March
April
May
June
July
August
September..
October
November..
December. .
106
108
104
118
165
194
207
192
130
127
132
131
150
152
148
158
161
136
99
74
72
84
115
104
101
101
111
146
179
201
202
149
139
159
148
155
156
162
165
164
142
111
86
87
101
114
110
113
105
123
177
203
207
173
107
114
108
112
140
146
141
155
160
135
93
65
61
70
116
101
106
101
116
156
186
209
223
161
140
145
148
162
158
143
152
161
128
99
81
74
89
116
107
120
120
123
96
93
113
110
158
158
157
158
158
159
160
164
169
173
169
202
122
124
117
117
113
113
116
121
123
122
124
126
127
127
121
117
110
110
122
131
133
132
133
133
120
122
120
124
118
118
115
119
119
114
112
117
117
121
99
97
100
102
105
111
118
126
140
132
112
104
165
120
125
118
114
101
102
107
116
118
123
124
108
106
93
80
74
140
143
144
149
150
138
128
103
88
84
84
84
107
123
163
138
121
101
91
76
84
90
102
120
201
201
203
204
204
204
208
203
206
221
206
188
126
123
125
125
124
124
129
133
134
132
128
124
133
132
131
125
121
118
121
125
131
136
141
143
127
126
130
131
135
139
144
147
141
131
117
110
109
100
101
103
95
94
101
107
117
126
134
127
104
120
110
204
127
130
132
110
110
99
92
105
80
84
71
66
66
77
90
120
178
178
178
177
178
178
181
174
169
179
172
173
118
112
114
110
107
109
114
110
115
114
117
116
133
126
121
113
106
103
105
106
110
112
116
119
112
110
118
115
112
117
125
116
119
112
112
111
113
94
93
93
98
99
103
104
118
124
130
127
176
113
114
115
108
169
170
168
168
172
171
166
143
124
137
140
129
111
111
108
105
104
101
103
102
114
116
116
110
114
112
105
99
97
99
102
107
114
121
125
125
114
118
118
116
115
109
108
103
118
115
110
105
99
92
90
88
85
83
88
90
102
108
117
94
94
118
187
215
226
232
121
138
154
156
163
140
135
144
135
119
79
60
72
98
102
97
83
73
111
178
238
242
252
102
156
218
217
179
121
129
150
144
100
61
47
66
97
94
94
104
105
110
186
207
211
204
92
92
114
129
134
105
115
123
119
107
74
48
57
95
107
91
99
126
133
227
232
245
249
130
117
112
127
171
152
135
128
116
93
57
45
66
91
97
108
87
82
98
114
163
170
178
151
160
129
123
158
134
134
152
125
146
91
73
70
88
82
94
91
102
144
210
238
241
201
91
129
169
153
139
111
120
140
133
102
71
41
52
95
120
109
111
107
108
105
108
115
121
121
118
119
122
95
97
97
98
97
102
115
120
118
113
112
118
90
89
90
90
91
92
102
99
101
99
97
100
74
76
77
77
79
79
105
135
137
131
128
132
103
102
100
96
93
91
106
118
118
120
119
128
78
82
81
84
93
103
107
102
98
94
89
87
103
103
102
103
103
101
111
123
124
121
121
131
114
107
95
102
108
92
126
127
131
132
128
125
126
120
117
112
108
106
126
130
138
139
133
125
123
107
99
91
86
87
100
101
110
111
104
101
100
85
72
65
63
62
139
143
144
156
157
147
142
121
114
84
75
76
138
140
138
142
133
122
126
111
103
100
93
94
122
115
125
120
65
143
143
139
127
154
137
129
115
102
91
95
119
67
67
99
100
Poultry
123
110
84
110
185
247
308
237
167
188
193
176
171
173
167
175
174
142
100
86
109
159
174
102
101
99
118
175
204
215
211
124
132
143
143
156
146
142
151
149
128
90
68
72
90
109
103
99
100
98
95
Dairy
Meat
products animals
91
89
91
92
93
92
85
73
85
90
94
101
102
94
120
115
87
77
79
78
69
84
97
94
112
110
155
108
95
90
95
Monthly average..
1940:
111
January...
134
126
100
101
106
107
91
February..
132
110
103
124
105
97
106
165
March
132
103
106
106
119
107
187
99
i Compiled by the 17. S. Department of Agriculture, Bureau of Agricultural Economics. This table and the table on the following page provide historical data for the revised
Indexes shown in the Survey beginning with the March 1944 issue. See table on the following page for a description of the indexes and monthly data prior to 1936 for all farm products, total crops and total livestock products. See p. S-3 for 1946 and 1947 data.
737266-47-
SURVEY OF CURRENT BUSINESS
18
April 1947
Indexes of Prices Received by Farmers: Revised Series for Page S-3—Continued
[August 1909-July 1914=100]
Crops
All farm
products
Year and month
-
115
111
109
111
115
118
122
129
134
107
112
106
113
114
118
116
116
116
82
83
80
87
90
103
111
119
121
82
84
73
96
111
136
112
119
111
96
80
80
81
87
89
91
91
91
96
91
93
99
84
80
84
90
94
97
99
101
108
103
108
119
71
73
75
80
80
86
88
96
94
96
90
89
96
96
98
106
112
119
134
137
173
169
159
160
128
149
168
171
143
124
104
101
90
104
117
144
134
134
135
137
138
138
139
163
188
197
188
222
125
122
122
129
131
136
144
147
156
154
155
158
128
125
125
127
130
134
140
144
150
154
158
158
132
131
130
138
139
144
152
156
164
156
150
159
99
90
90
1G3
106
116
125
128
140
145
157
153
77
76
76
78
84
94
103
115
124
141
133
127
131
97
85
130
129
159
140
139
146
121
148
150
151
155
154
154
157
160
163
167
170
177
135
138
138
142
139
138
141
139
143
146
149
161
137
144
146
153
155
145
150
145
150
152
155
158
107
113
114
116
116
113
111
110
110
107
107
113
124
124
125
120
120
114
113
113
121
120
122
129
89
87
95
104
108
125
122
124
130
128
119
136
164
173
176
176
176
169
167
170
171
174
172
174
183
179
163
164
130
136
146
137
136
155
190
236
232
227
228
229
228
229
228
249
275
293
286
316
160
161
162
166
167
168
171
178
181
187
189
191
158
156
152
151
152
149
152
159
167
177
184
187
166
173
179
189
189
190
193
198
195
198
195
196
146
135
130
130
133
136
143
154
165
173
180
185
159
142
149
111
120
172
163
252
173
162
188
151
181
184
192
197
194
195
193
192
193
194
194
196
164
167
182
192
187
190
188
183
182
183
187
192
159
159
161
162
162
161
158
160
163
164
156
160
124
129
135
141
144
148
151
152
156
158
158
165
138
140
143
143
144
145
148
147
150
157
160
166
121
132
142
162
170
196
216
202
205
195
196
208
174
177
183
185
187
187
183
196
199
201
202
202
247
241
326
364
276
261
220
186
180
187
228
223
317
316
317
316
319
320
321
326
315
335
347
349
197
199
201
202
200
199
198
200
203
204
201
200
188
190
190
190
189
187
189
192
195
198
202
203
206
216
220
220
216
213
209
208
208
204
193
194
186
172
172
174
175
179
183
192
201
212
219
212
192
183
160
147
148
179
190
245
325
200
193
209
190
196
195
196
196
194
193
192
193
192
194
196
200
199
196
198
200
198
197
194
191
188
187
189
196
162
161
161
163
160
163
164
162
170
171
168
168
168
169
171
172
173
170
168
166
162
161
157
160
170
170
169
171
170
165
161
156
155
164
165
167
204
206
215
237
232
228
230
214
206
205
195
206
203
205
207
207
208
210
209
209
207
211
215
215
267
247
242
220
225
231
195
186
166
153
188
228
350
348
351
352
350
350
350
355
358
357
368
364
193
194
194
191
190
189
190
194
196
199
202
202
201
201
199
196
194
192
194
196
198
201
203
203
194
199
203
203
201
200
197
201
200
201
200
198
177
168
162
151
153
154
165
171
179
190
207
211
- -
195
194
164
166
165
215
209
212
354
194
198
200
174
. -_
201
199
198
203
200
206
206
204
197
199
205
207
200
197
196
204
198
210
207
202
191
196
203
206
163
161
163
163
165
169
171
172
175
180
182
184
163
164
166
162
161
162
161
158
157
160
161
162
169
169
171
172
172
173
169
167
167
175
178
178
205
211
211
221
227
237
237
214
217
219
217
230
214
215
215
215
216
217
221
215
213
210
213
213
262
223
203
259
193
269
244
240
159
181
235
223
365
360
359
362
363
364
364
367
365
373
375
378
202
201
200
201
202
203
205
206
203
202
206
207
202
200
198
194
192
191
192
195
197
199
202
204
203
209
211
215
217
216
215
212
207
202
203
204
199
183
175
176
179
189
197
207
201
204
218
222
202
201
171
161
172
220
215
224
366
203
197
210
196
--
-
105
107
103
1C8
110
116
118
121
123
89
_
- - - --- -
TVTonthlv 3.vera2T6
131
134
134
134
138
142
147
140
137
107
April
May
. - -
75
159
133
106
81
77
72
68
85
94
106
1942:
October
_
- - ---
90
94
99
100
103
1943:
March
April
-
J U ly
October
November
December
_-
-
-
-
-
•
-
TVTontlilv 8,vpr&£6
1944:
Janusrv
February
March
April
-
__
- -
- - -
___
Monthly average -
Monthly average
-
.-__
-
1945:
January
. . __
February
March
April
May _
June
July
August
September
October
November
_
December
- - ---
-
-
June
July
September
October
November
December
-
-- -
._
._
Dairy
Poultry
Meat
products animals and eggs
124
- -
-
J U ly
August
Total
107
106
98
89
84
83
84
91
93
OO
IVTonthlv averase
-
Tobacco
111
119
117
117
126
-
- ----- -
Truck
crops
76
76
90
80
74
71
82
68
70
oo
October
Novpnibpr
T)pcpmber
Oil bearng crops
157
April
-
Fruits
107
107
108
115
116
120
126
130
138
136
137
143
- -
June
Food
grains
99
91
77
71
70
71
77
82
82
oo
1941:
Januarv
100
Feed
grains
and hay
86
89
86
82
81
80
79
79
78
81
79
77
77
74
74
75
76
OO
- -
99
95
91
84
81
79
81
82
CO
Monthly average
102
101
97
97
96
98
100
103
104
Cotton
oo
1940—Continued.
April
- . May
June
__
July
August
- S ptember
- - - October
- November
- - - December
- -
Total
Livestock and product 5
114
SURVEY OF CURRENT BUSINESS
April 1947
19
Indexes of Prices Received by Farmers, Monthly Data for 1913-35 l
[August 1909-July 1914=100]
1913
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924 1925
1926
1927
1928
1929
1930
1931 1932
1933
1934 1935
Month
All farm products
January
February...
March
April
May
June
July
August
September..
October
November..
December..
98
99
100
100
99
100
99
101
105
110
109
106
105
105
104
102
102
101
102
101
99
97
97
97
99
98
96
98
99
97
97
95
97
103
103
103
105
106
108
108
109
111
113
119
126
134
140
141
142
149
155
170
180
182
181
182
185
192
192
195
199
202
201
199
198
194
199
207
216
214
210
212
209
199
202
211
217
215
222
223
215
219
227
226
228
228
228
234
235
234
227
210
200
188
169
149
143
130
114
119
115
112
117
123
127
133
130
127
121
128
130
129
134
135
134
130
130
134
141
144
144
144
144
145
141
139
137
136
143
146
148
148
148
146
140
141
139
136
138
146
139
147
147
151
156
155
158
153
153
155
158
159
154
157
158
156
155
155
150
152
149
146
142
140
144
140
141
139
138
138
136
135
137
139
140
142
149
149
150
151
152
149
150
153
156
151
154
148
151
151
149
152
149
148
150
148
145
144
149
151
150
150
150
150
147
143
139
139
136
131
121
118
122
116
112
107
103
99
100
99
93
87
87
84
82
80
82
79
74
71
74
71
65
61
64
66
67
66
66
66
61
57
59
61
70
73
83
80
80
79
81
79
78
84
85
85
84
86
87
95
101
100
100
101
162
166
170
161
165
170
168
167
158
159
156
150
155
159
153
158
152
143
136
135
134
122
120
115
120
123
123
123
133
145
143
143
148
140
138
139
145
146
153
159
162
150
151
134
128
133
131
136
136
133
134
134
129
129
136
139
136
137
137
138
138
134
133
136
137
131
118
112
109
98
92
90
90
91
92
93
90
82
79
69
66
61
67
68
65
65
71
70
64
57
55
57
57
54
54
54
53
51
55
59
69
74
90
85
83
81
84
84
90
91
92
92
96
96
107
108
109
105
106
156
152
148
146
146
149
148
145
152
157
160
162
156
152
147
146
140
133
136
141
150
158
161
162
159
152
148
148
151
151
156
161
171
168
166
166
160
161
164
161
159
159
161
162
162
163
163
161
155
151
144
142
136
132
124
124
135
132
131
122
115
105
107
105
96
92
94
97
97
97
97
91
82
76
76
72
66
64
73
75
76
76
77
76
69
62
62
63
72
72
77
75
77
81
81
74
73
80
80
77
77
78
80
84
94
92
96
96
109
114
113
115
111
107
104
105
105
107
108
111
Crops
January-_.
February..
March
April
May
June
July
August
September.
October
November.
December-
89
91
93
95
97
100
97
101
104
109
103
97
96
98
99
100
103
102
100
93
87
84
80
80
85
92
93
97
100
96
93
91
91
96
96
94
144
152
160
181
200
207
205
200
192
199
202
201
100
101
102
103
106
109
111
122
130
142
148
145
206
214
220
217
212
210
214
222
230
223
209
204
202
201
203
213
225
229
236
234
232
241
250
240
247
256
261
278
286
287
272
234
206
182
149
127
124
120
115
111
113
114
115
118
132
139
128
123
123
130
139
139
147
148
145
140
134
133
140
141
147
154
158
162
159
158
152
147
150
155
155
156
161
159
155
160
158
155
158
164
146
154
152
156
77
111
114
113
113
108
101
94
95
Livestock and products
106
106
106
105
100
100
101
102
106
111
114
115
January...
Feburary..
March
April
May
June
July
August
September.
October. _..
November.
December-
114
111
109
103
101
100
103
107
110
109
111
113
112
105
99
99
99
99
100
99
103
109
110
110
110
111
113
113
112
112
114
116
122
126
133
137
193
191
182
184
185
180
185
193
203
206
211
220
140
146
149
160
161
160
159
165
178
185
183
190
215
198
202
209
210
203
210
213
200
199
207
213
211
203
197
194
188
185
186
188
195
193
188
170
160
139
139
126
117
111
119
128
122
129
132
132
119
126
122
120
122
123
124
121
127
136
141
147
141
135
132
129
126
121
123
126
136
137
142
141
136
134
126
123
121
119
120
129
133
140
143
147
151
144
147
146
142
141
149
152
150
156
160
161
107
114
114
116
114
112
109
115
120
119
120
123
i This table gives monthly data corresponding to the monthly averages for 1913-35 for all farm products, total crops, and total livestock and products shown in the table on the
preceding pages and, together with that table, provide a complete record of data for 1913-45 for these series.
The indexes are compiled by the U. S. Department of Agriculture, Bureau of Agricultural Economics. Prices used are those received by farmers at local markets and are as of the
15th of the month. The indexes have been completely revised since publication in the 1942 Supplement, to take into account shifts in the relative importance of farm commodities
and to incorporate improved price series for some tiems. Several new commodities were added while others which had become less important were dropped; quantity weights applied
to the component series were revised and the commodities regrouped to make the subdivisions more useful
The revised index includes 48 items accounting for 92 percent of the total cash income from farm marketings in 1935-39. The weights used in constructing the index are average
annual quantities marketed in 1935-39, with an adjustment in the weights of the individual crop items to give some representation to the crops not included in the index. As price
series are not available for some fruits and truck crops, the weights for items included in these groups were increased so as to represent the other items belonging to the groups and the
weight for every crop item was increased to allow for sugar crops, forest, nursery and green-house products (also truck crops prior to 1924) which are not directly represented. As all
major livestock items are included in the index no similar adjustment in weights was necessary for these items. In computing the indexes, the price for each commodity for each
month is multiplied by the appropriate weight to obtain a value and the values added to obtain totals for the minor and major groups and for all products. These aggregates are
then expressed as percentages of the corresponding average aggregates for the 60 months in the base period, August 1909—July 1914. The truck crop index, which begins 1924, the
first year for which monthly prices of truck crops are available, was adjusted to the 1909-14 base by making the 1924 average equal to the all-commodities index for that year. This
series covers commercial truck crops for shipments to markets.
The items included in each group and the relative importance of the groups in 1935-39 based on aggregate values for the period, are as follows: Food grains, (wheat, rye, rice),
7.13 percent; feed grains and hay (corn, oats, barley, hay), 6.24 percent; cotton 9.23 percent; tobacco, 3.85 percent; oil-bearing crops (cottonseed, soybeans, peanuts, flaxseed), 2.77 percent; fruits (apples, oranges, lemons, grapefruit, pears, peaches, grapes, strawberries), 5 94 percent; potatoes, sweet potatoes, and dry edible beans, (included in the crop and all-commodities indexes but not shown separately), 3.30 percent; truck crops (snap beans, cabbage, carrots, cauliflower, celery, onions, lettuce, green peas, green peppers, spinach, tomatoes),
4.83 percent; meat animals (cattle, calves, sheep, lambs, hogs), 27.96 percent; dairy products (milk, wholesale and retail, butter, butterfat), 17.90 percent; poultry and eggs (chickens,
eggs, turkeys), 9.78 percent; wool, 1.07 percent.
The indexes shown here are not adjusted for seasonal variation. The original reports include also adjusted indexes for four groups—truck crops, fruits, dairy products, poultry
The monthly data and a detailed description of the indexes are published in a report of the U. S. Department of Agriculture entitled "Index Numbers of Prices received by Farmers,
1910-43". This report contains also monthly data beginning 1924 for truck crops and 1909 or 1910 for all other series.
Milk Production: Revised Data for Page S-26 1
[Millions of pounds]
Month
January
February
March
April...
May
June
July..
August
September
Octeber...
November
December _.
__
_
---
.
-
--
....
_.--.__..
-_._
--..
...
.
_
.
-
_
Monthly average..
1
-
.-
.
.-
_ - _ _ . .
1940
1941
1942
1943
1944
7,841
7,688
8,881
9,308
10,918
11,641
10,710
9,681
8,761
8,389
7,731
7,953
8,349
7,933
9,223
9,893
11,684
12,028
11, 227
10,272
9,225
8,813
8,174
8,447
9,606
8,719
8,268
9,608
10,250
12,075
12, 505
11,731
10, 722
9,458
8,896
8,182
8,470
8,766
8,373
9,712
10, 208
11,855
12,529
11,725
10, 530
9,230
8,673
7,960
8,224
8,590
8,575
9,690
10,135
11,847
12,373
11,520
10, 251
9,236
8,961
8,285
8,529
8,801
8,429
9,925
10,625
12,358
12,908
12, 214
11,014
9,615
9,050
8,240
8,325
9,907
9,815
9,833
10,125
9,125
1945
Revised data compiled by the U. S. Department of Agriculture, Bureau of Agricultural Economics. January 1946 production is 8,567 million pounds; later data for 1946
and available data for 1947 are on p. S-26.
SURVEY OF CURRENT BUSINESS
20
April 1947
Department Store Sales, New York Federal Reserve District: Revised Series for Page S—8
l
[1935-39=100]
Month
1919 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945
Without adjustment for seasonal variation
January
February
March
April
May
June
July
August
September...
October
November
December
62
64
67
81
80
81
61
59
82
102
113
154
Annual index
84
92 91 85
83 85 82
97 93 87
96 96 101
113 96 96
101 95 95
75 68 68
68 62 66
89 80 92
112 114 119
122 113 121
157 161 174
90
84
97
103
106
106
74
72
100
127
131
185
98
92
95
110
107
108
76
69
108
128
137
190
99
100
101
112
113
109
78
76
110
147
144
205
107
102
103
112
119
113
82
84
117
146
147
214
110
104
104
121
114
119
82
87
120
139
152
218
106
104
106
116
118
122
85
80
130
141
152
234
107
110
120
119
123
130
86
85
136
151
153
231
110
110
112
131
129
124
83
82
127
143
148
209
102 86 65 70 70 77
103 84 69 73 74 78
111 87 69 90 81 87
121 94 89 88 90 96
114 89 84 90 86 98
120 89 84 88 92 98
77 56 55 56 59 69
72 58 63 63 63 67
112 92 90 92 102 106
130 105 102 107 107 121
133 104 102 109 116 129
192 148 161 171 178 191
99
106
110
116
120 123
124
129
126
116
100
96
91
86
91
86 83
73 81
87 83 77 77
97 85 88 91
100 100 99 95
106 91 96 97
105 94 97 102
70 63 65 68
71 64 68 79
111 105 114 122
124 111 116 122
124 118 126 136
189 187 194 203
86
88
96
114
113
111
83
106
140
129
150
216
117
106
118
121
112
104
85
97
134
150
162
230
110
123
115
130
124
122
92
99
141
156
182
228
112
114
139
137
142
133
100
111
158
173
206
269
123
137
176
143
149
155
118
120
171
196
235
307
93
101
106
99
101
106
119
128
135
150
169
89
91
94
89
90
94
90
94
97
91
95
97
97
97
98
98
102
100
106
100
101
103
106
105
109 106
108 103
105 100
106 99
110 95
107 97
107 96
106 93
106 96
106 97
102 97
103 101
94
99
101
100
101
100
101
99
101
102
104
105
104
98
100
100
102
106
104
112
108
108
112
110
110
111
112
114
119
118
124
145
124
114
122
121
142
126
121
127
119
114
126
132
129
132
129
132
134
147
124
130
132
135
137
135
136
138
140
135
140
136
140
143
151
146
150
152
152
153
158
159
154
163
174
152
158
171
176
165
164
174
181
182
Adjusted for seasonal variation
January,..
February..
March
April
May
June
July
August
September
October- __
November.
December.
70
75
72
79
78
81
85
88
93
87
92
95
104 102 95
98 100 96
101 97 95
97 99 100
110 95 96
101 96 97
105 95 97
102 93 98
101 90 102
96 98 102
100 92 99
96 96 103
101
99
105
105
107
108
106
107
109
108
107
108
110
109
108
108
110
110
110
103
116
110
112
110
111
117
113
113
115
111
115
114
116
126
118
118
120
120
115
115
123
115
121
125
122
125
121
123
124
122
119
121
119
121
123
130
122
119
125
125
124
130
131
124
128
132
130
127
135
129
126
131
122
122
119
118
123
124
127
120
131
120
125
133
131
129
129
131
135
126
126
123
125
122
122
118
124 107
122 100
123 94
125 99
119 92
122 91
119 87
108 87
109 89
111 89
110 86
107 82
81
83
78
89
87
86
85
95
86
88
84
89
89
89
99
92
93
89
86
95
87
91
90
93
i Compiled by the Federal Reserve Bank of New York as a part of a general revision in the department store indexes computed by the Federal Reserve System; a brief description
of the general method used in computing the indexes is given in the note to the table presenting the United States indexes on p. 17 of the December 1944 Survey. The sample now
used in computing the revised series for the New York District accounts for about 80 percent of the total department store
sales in
the district. The district index is computed directly
4
from the sales of the reporting stores reduced to a daily average basis by dividing by the number of trading days. TIn
~ "—~"*
computing
—*—^---*
trading days allowance •is made
— -for Sundays,
Jan. 1,
Feb. 22, May 30, July 4, Labor Day, Thanksgiving, and Christmas.
Production of Domestic Heating l Stoves:
New Series for Page S-33
Production of Domestic Heating
Stoves:
New Series for Page S-33 J—Con.
Unglazed Structural
Tile: New Series for
Page S-37 x—Continued
Production
Shipments
72,978
66,419
60,153
88, 678 231,621
71,794 230,179
55,190 225,696
Total
Monthly average
1944:
January
February
__.
March.
April
May_.
June
July....
August.
September...
October
November
December.
844,940
70,412
82, 364 307, 216
Total
Monthly average.
1945:
January
February
March
_.
April
May
June.
July
August
September
October
November
December
726,146 $9, 582
60, 512 67,465 171,182
[Number]
Year and month
1943:
January
February
March
April
May
June
July
August
September
October
November
December
Total
production
210,718
193,028
227,425
154,158
150,003
151,646
164,036
167,098
219,541
248,296
261,972
250,023
Year and month
Coal
and
wood
178,320
168,052
205,086
131,604
134, 718
136,692
150,008
131,931
167, 511
195,019
178,789
170,740
Gas
Liquid
fuel
20,793 11,605
19,035 5,941
18,890 3,449
16,690 5,864
11,254 4,031
10,366 4,588
10,471 3,557
30,405 4,762
43,337 8,693
43,717 9,560
57,947 25,236
52,086 27,197
Total
2,397,944 1,948,470 334,991 114,483
Monthly average. 199,829 162,373 27,916 9,540
1944:
203, 582 131,142 47, 727 24,713
January
117,394 43,141 28,355
188, '
February
179,100 102,187 43,550 33,363
March
103,187
40,819 28,126
172,132
April
190,683 132,822 37,742 20,119
May
112,154
43,776 24, 550
180,480
June
167,695 101,478 38,906 27,311
July
137,
738
55,027 26,667
219,432
August
218,168 131,170 53,250 33,748
September
151,077
29,954
60,673
241,704
October
263,058 157,309 73,879 31,870
November
123,607
31,536
51,621
206,764
December
2,431,688 1, 501,265 590, 111340,312
Total
202,641 125,105 49,175 28,359
Monthly average
1945:
215,371 122,743 61,223 31,405
January
196,064 113,112 50,976 31,976
February
226, 111 130,007 53,379 42, 725
March
195,379 117,930 44,905 32, 544
April
208,339 123,396 48,345 36,598
May
224,566 129,451 64,225 30,890
June
203,107 122,732 53,366 27,009
July
236,812 130,331 64,713 41,768
August
270,791 142,949 69,955 57,887
September
1945—Continued
October
November
December
1943—Continued
October
November
December
359, 5531 185,760 84,072
338,4371 175,556 82,237
287,738 150,772 66,485
Total
2,962,268,1,644,739 /
Monthly average. 246,856 137,062
573, 648
47, 804
1
Compiled by the V. S. Department of Commerce,
Bureau of the Census, from reports received from all
known producers of these products. Prior to October
1945, the data were compiled for the War Production
Board. Comparable figures for the year 1940-44 are not
available. Annual production of all types of heating
stoves was 2.6 million units in 1939. For 1946 and 1947
data see p. S-33.
Unglazed Structural Tile:l New Series for
Page S-37
[Short tons]
Year and month
Production
1942:
September..
October
November..
December..
1943:
January
February...
March
April
May
June
July
August
September..
74,969
67,396
72,249
74,336
76,165
73,865
67, 936
72, 805
65, 669
Shipments
Stocks,
end of
month
94,817
91,886
80,346
64, 332
383,799
384,111
384,076
391,533
63,971
77,756
90,007
94, 228
92,975
88,812
82, 970
86,604
95, 382
399, 256
391,016
372,604
352,005
333,980
316,308
298,557
283,188
252,180
Total
Monthly average
1
54,774
58, 228
61, 741
55, 345
66,780
60,497
60,411
61,393
62,829
61, 680
60,422
62,046
54,399
51,401
60, 568
57,836
68,444
62,024
58,497
61,591
62,406
67,835
71,471
62,046
53,585
54,729
65,308
64, 305
72,313
72,962
69,330
77,113
73,306
77,002
68,080
61, 549
Stocks,
end of
month
225,701
229,171
224,620
214,368
194,881
181,914
172, 684
157,101
145,946
130,439
122,927
54,429
54,294 117,459
55,398 113,171
66,769 106,481
63,400 99,744
70,232 97,820
67, 558 91,889
67, 944 82,401
72, 569 71,351
69,488 64,423
73,779
59, 469
74,974 53,844
61,549
54,429
738,518 797,954
61, 543
84, 373
Compiled by the U. S. Department of Commerce,
Bureau of the Census. The data cover all known manufacturers, including estimates for a few establishments
from which reports are not received. There are no comparable earlier data. For 1946 and 1947 data see p. S-37.
SURVEY OF CURRENT BUSINESS
April 1947
S-l
Monthly Business Statistics
The data here are a continuation of the statistics published in the 1942 Supplement to the SURVEY OF CURRENT BUSINESS. That
volume contains monthly data for the years 1938 to 1941, and monthly averages for earlier years back to 1913 insofar as available; it
also provides a description of each series and references to sources of monthly figures prior to 1938. Series added or revised since publication of the 1942 Supplement are indicated by an asterik(*) and a dagger (f), respectively, the accompanying footnote indicating where
historical data and a descriptive note may be found. The terms "unadjusted" and "adjusted" used to designate index numbers refer
to adjustment of monthly figures for seasonal variation.
Data subsequent to February for selected series will be found in the Weekly Supplement to the Survey.
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1946
1947
February
February-
March
April
May
June
July
SepAugust tember
October
1947
Novem- Decem- Januber
ary
ber
BUSINESS INDEXES
INCOME PAYMENTS!
Indexes, adjusted:
Total income payments._
1935-39=100..
Salaries and wages
_
do—
T otal nonagricultural income
do
Total._
.mil. of dol_.
Salaries and wages:
Total
do
C ommodity-producing industries
do
Distributive industries
.-.do
Service industries...
do
Government
do
Public assistance and other relief
do
Dividends and interest
do.
Entrepreneurial income and net rents and royalties
mil. of doL.
Other income payments
_
do
Total nonagricultural income
_do.
FARM MARKETINGS AND INCOME
Farm marketings, volume:*
Indexes, unadjusted:
Total farm marketings
.1935-39=100..
Crops
do—
Livestock and products
do
Indexes, adjusted:
Total farm marketings.
_
_
...do
Crops
do
Livestock and products.
.do
Cash farm income, total, including Government payments*
.mil. of dol.
Income from marketings*..
do.._
Crops*
do...
Livestock and products*.
do...
Dairy products*
_
_ do...
Meat animals*
do...
Poultry and eggs*
do...
ndexes of cash income from marketings:!
Crops and livestock, combined index:
"Unadjusted
1935-39=100..
Adjusted
do
Crops
do
Livestock and products.
do
262.9
262.5
252.8
13, 402
231.7
227.8
226.1
12,068
234.7
235.1
230.4
13,199
236.4
239.0
232.6
12,960
239.7
240.6
233.8
12, 768
240.9
244.1
235.6
14, 478
250.6
249.9
240.0
13, 979
252.1
254.1
243.2
13, 481
246.6
254.3
242.7
14, 317
254.5
253.5
243.7
14,673
259.2
256.9
246.8
14, 202
261.6
260.1
249.6
15,952
263.6
'261.2
' 251.4
• 14,402
9,126
3,864
2,328
1,610
1,324
118
560
8,041
2,917
2,021
1,431
1,672
92
525
8,360
3,222
2,075
1,476
1,587
94
1,386
8,541
3,318
2,168
1,495
1,560
93
892
8,629
3,425
2,228
1,476
1,500
94
558
8,787
3,641
2,176
1,503
1,467
95
2,238
8,845
3,701
2,216
1,537
1,391
96
1,113
8,995
3,878
2,255
1,546
1, 316
97
554
9,144
3,928
2,296
1,546
1,374
99
1,455
9,195
3,902
2,323
1,555
1,415
107
893
9,210
3,867
2,378
1,586
1,379
110
587
9,384
3,895
2,513
1,608
1,368
114
2,395
' 9,128
' 3, 857
' 2, 346
' 1, 596
'1,329
117
' 1,225
2,846
752
2,415
995
2,402
957
2,507
927
2, 577
910
2,500
858
3,099
3,020
815
2,859
760
3, 549
746
10, 930
12,059
11, 698
11, 423
13,178
12,082
11, 684
12,693
12,009
3,305
754
14,048
'3,131
'801
12,017
3,725
753
12, 239
111
93
124
120
107
130
118
97
134
117
78
146
125
99
145
154
150
158
145
156
130
162
106
168
169
166
150
153
••148
144
149
' 141
145
148
143
155
162
150
149
164
138
131
119
140
159
189
136
Ill
94
125
131
150
118
155
142
164
139
130
146
111
117
107
156
155
157
154
155
154
166
191
'148
1,705
1,661
522
1,139
302
658
174
1,455
1,383
520
863
211
501
146
1,426
1,370
487
883
240
448
190
1,569
1,419
455
964
261
493
190
1,657
1,551
583
2,407
2,271
992
1,279
349
699
202
2,257
2,193
1,021
1,172
340
612
199
2,027
2,014
1,134
880
333
300
227
3,347
3,332
1,829
1,503
346
440
209
1,523
1,469
618
851
299
331
192
2,935
2,922
1,335
1,587
348
939
285
2,493
2,475
1,051
1,424
366
786
261
2,180
2,144
834
1,310
'320
'811
'174
250
345
310
371
208
206
271
308
243
214
262
267
258
233
284
331
249
221
271
332
226
342
335
311
354
330
313
294
327
303
249
279
227
501
348
346
349
440
367
347
382
372
363
349
374
323
'366
370
'364
319
267
231
155
142
142
142
12,730
INDUSTRIAL PRODUCTION
Federal Reserve Index
180
184
184
171
183
163
174
164
159
'180
184
*>184
148
Unadjusted, combined indexf
.1935-39=100..
186
190
191
176
192
174
178
188
170
167
192
v 192
151
Manufactures!
_.do
210
214
215
194
214
209
190
203
181
P219
175
'218
136
Durable manufactures!
do
184
185
184
159
154
178
P192
159
180
169
109
'
1
92
43
Iron and steel!
do
129
144
147
142
p 132
141
139
129
137
120
131
'126
110
Lumber and products!
do
160
»163
152
152
155
146
157
144
144
142
142
161
139
Furniture!
do
114
v 117
140
144
136
138
131
122
133
108
126
' 107
95
Lumber!
do
*278
254
261
268
241
271
225
243
••276
207
230
'276
188
Machinery!
..do
J>204
159
172
184
137
192
'197
132
150
139
128
'203
141
Nonferrous metals and products!
do
163
176
191
'203
147
'198
141
155
147
138
212
146
Fabricating*
do
150
161
167
110
176
108
139
121
105
'183
128
182
Smelting and refining*
.do
204
212
209
191
207
187
193
184
180
P207
174
' 204
Stone, clay, and glass products!
do
179
188
181
166
175
153
145
171
125
134
148
113
Cement
.do
161
154
155
158
147
155
v 156
144
147
143
140
' 156
138
Clay products*
do
158
261
270
258
237
254
243
239
251
228
273
255
247
Glass containers!
do
247
242
240
237
238
235
245
241
209
239
'229
*232
199
Transportation equipment
do
235
182
188
185
167
187
161
176
114
162
' 181
v 187
98
Automobiles!§
do
187
166
172
172
162
174
161
159
162
160
172
v
171
162
Nondurable manufactures!
.do
'172
174
237
221
174
196
164
187
162
157
206
195
211
Alcoholic beverages!
._
do
210
233
235
240
231
244
237
232
234
231
'252
P254
233
Chemicals!. __
do
'250
395
395
402
411
392
382
383
'430
379
P435
Industrial chemicals*
do
422
p Preliminary. ' Revised. § Index is being revised; see note for automobile index at the bottom of p. S-2 of the February 1947 Survey.
*New series. For a description of the indexes of the volume of farm marketings andfiguresfor 1929-42, see pp. 23-32 of the April 1943 Survey; indexes since 1942 are from the Department of Agriculture. Data for 1913-41 for the dollarfiguresfor total cash farm income and total income from marketings are shown on p. 28 of the May 1943 Survey; revised totals
for 1940-44 are given in the note on p. S-l of the January 1947 Survey; the monthly figures have not as yet been adjusted to the revised totals. Data prior to 1946 for the breakdown
of cash income from marketings will be shown later. Data beginning 1939 for the new series under industrial production are shown on p. 18 of the December 1943 issue.
! Revised series. For revised data on income payments for 1939-41 see p. 16 of the April 1944 Survey and for 1942-44, p. 20 of the May 1945 issue. For revisions for the indicated
series on industrial production, see pp. 18-20 of the December 1943 issue. Revised data for 1913-41 for the unadjusted index of cash income from farm marketings are available on p. 28
of the May 1943 Survey; the adjusted index was revised in the February 1947 Survey (see note in that issue); the indexes of cash income from dairy products, meat animals, poultry
and eggs, published is the Survey through the February 1947 issue, have been discontinued.
S-2
SURVEY OF CUEEENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
February
1947
April 1947
1946
February
March
April
May
June
1947
August
September
101
94
106
161
119
100
133
164
118
99
131
164
P151
37
315
150
144
P181
166
July
October
Novem- December
ber
January
BUSINESS INDEXES—Continued
INDUSTRIAL PRODUCTION-Continued
Federal Reserve Index—Continued
Unadjusted—Continued.
Manufactures—Continued.
Nondurable manufactures—Continued.
Leather and products!
1935-39—100
Leather tanning*
do
Shoes
do
Manufactured food products! _
do
Dairy products! do
Meat packing.._
do
Processed fruits and vegetables*
do
Paper and products!-do
Paper and pulp!_
do
Petroleum and coal products!
do
Coke
do
Petroleum refiningj
do
Printing and publishing!-..
do
Rubber products!
do
Textiles and products!
do
Cotton consumption
.
do
Rayon deliveries
do
Wool textile production
do
Tobacco products.
do
Minerals!
do
Fuels!
_
do
Anthracite!
do
Bituminous coal!
do
Crude petroleum
do
Metals
.
do
Adjusted combined index!
do
Manufactures
do
Durable manufactures.
do
Lumber and products
do
Lumber
_
do
Nonferrous metals
...
do
Smelting and refining*
do
Stone, clay, and glass products.
do
Cement
do
Clay products* .
do
Glass containers
do
Nondurable manufactures .
do
Alcoholic beverages
do
Chemicals
do
Leather and products
do
Leather tanning*
do
Manufactured food products.
do
Dairy products.
do
Meat packing
do
Processed fruits and vegetables*
do
Paper and products
do
Paper and pulp-. . .
do
Petroleum and coal products
do
Petroleum refining!
do
Printing and publishing
do
Textiles and products
do
Tobacco products . . . .
do
Minerals
_
do
Metals
do
131
114
142
139
p 134
120
101
146
141
P160
P197
P175
120
103
142
138
84
125
147
142
154
228
136
131
122
255
147
142
P166
P163
P174
P178
P182
91
134
119
144
139
p 101
129
89
148
143
p 171
151
113
73
137
160
165
v 157
122
216
160
146
237
171
148
134
149
121
160
147
47
152
154
138
119
108
141
128
185
149
144
255
167
238
232
133
126
160
129
221
162
147
245
173
152
131
145
125
168
138
44
168
173
183
125
117
139
121
192
152
150
251
166
176
232
134
120
156
129
219
161
144
249
169
147
99
108
121
10
146
46
165
176
190
130
123
132
108
190
152
148
••243
164
169
235
131
115
153
126
215
165
149
251
174
164
115
124
125
60
149
62
159
167
175
129
123
128
105
175
127
140
213
161
155
231
127
104
145
115
211
145
127
239
144
145
150
153
128
159
154
126
172
177
202
129
121
151
140
192
155
147
249
157
176
235
103
99
150
123
221
163
149
240
173
161
147
150
120
156
151
132
177
184
208
135
126
159
150
197
159
150
251
164
174
237
120
101
147
P149
P117
P122
P129
P120
159
178
146
140
136
130
165
146
141
120
158
142
138
P161
140
163
148
143
pin
P166
P163
129
218
165
152
245
174
159
141
149
86
156
153
95
170
176
193
133
127
137
110
190
155
148
240
162
161
233
128
107
139
P129
85
162
146
142
v 174
123
160
156
141
93
127
162
161
137
89
126
161
154
104
76
124
165
163
115
63
186
179
163
235
152
189
183
153
81
92
198
163
492
188
204
213
225
185
154
242
187
199
193
203
221
240
155
188
197
183
98
174
202
167
504
199
206
221
216
196
167
260
195
203
203
219
240
269
157
194
206
203
134
186
222
185
547
211
208
221
213
200
173
282
197
208
167
174
200
120
226
139
587
120
169
181
210
122
236
145
615
123
169
182
222
120
241
145
593
124
P141
v 107
152
P86
v 157
P151
137
136
138
145
P85
171
92
141
137
P161
P138
P247
v 171
161
P260
160
»140
P150
P107
v 162
p 149
P80
P188
P196
P222
P 145
P136
P204
p 187
P219
202
p 164
263
v 176
223
P254
P137
p 156
P150
p 140
P 171
168
P145
P117
127
105
142
137
127
104
142
137
P189
P136
P137
138
155
147
142
128
234
168
153
242
181
166
149
151
125
163
149
136
179
185
212
137
129
172
161
204
162
150
265
165
227
235
119
101
136
p 143
38
117
98
130
158
123
114
129
158
114
' 110
117
'157
P120
P96
P95
117
216
152
146
167
181
147
153
147
v 177
152
135
234
169
155
248
178
179
147
150
124
160
149
126
181
188
214
136
127
184
168
200
156
149
250
168
206
238
117
97
146
p 146
115
167
152
146.
135
243
174
164
256
181
172
135
140
123
116
150
105
183
191
214
142
135
192
175
202
162
150
251
173
213
243
121
110
156
p 146
163
'160
153
147
P179
165
175
136
131
p 178
P182
150
144
P181
P179
129
165
153
139
78
124
145
140
146
103
129
163
155
144
107
128
168
157
146
111
132
169
173
145
111
209
224
231
297
159
200
208
207
142
178
233
186
554
223
209
215
210
206
181
288
207
208
214
231
223
331
161
203
209
212
126
187
255
210
535
220
206
208
209
208
185
293
208
199
204
229
252
295
153
188
206
216
169
197
240
206
497
211
199
198
220
185
193
268
174
186
211
232
250
292
166
198
222
233
188
212
257
241
457
230
215
206
253
198
196
282
180
193
228
254
281
321
173
212
240
259
170
184
223
120
245
149
615
125
173
189
234
124
251
152
626
128
181
195
245
128
256
157
642
132
186
200
252
131
261
161
684
136
116
113
' 118
'149
P95
175
132
150
146
178
143
191
' 102
'156
' 150
p 179
171
141
252
164
141
254
180
138
' 132
141
121
130
147
' 76
182
190
' 211
141
132
197
181
'210
177
152
265
' 174
234
'249
115
' 162
133
' 247
«" 172
161
'261
171
157
' 140
150
118
173
' 146
'78
188
196
221
142
' 131
'203
' 183
'218
182
'168
278
177
241
'254
116
112
'161
P147
J>148
P
r
no
P177
151
' 170
150
146
p 178
P179
130
174
169
136
117
138
164
148
' 137
' 111
138
'172
158
' 146
' 115
276
531
247
227
223
244
222
209
311
207
218
228
248
267
318
173
215
244
262
217
228
287
289
506
263
231
224
248
225
203
333
217
220
233
254
274
314
186
221
267
278
235
'237
315
319
503
270
260
250
306
242
219
313
221
240
'241
'271
'294
'326
'204
'223
276
'292
'255
'232
'346
340
'561
'271
266
255
'306
'248
' 232
352
' 219
251
242
270
292
306
218
225
275
293
248
246
333
334
569
283
190
206
258
134
268
163
708
141
197
211
263
137
276
167
739
' 144
200
215
259
137
284
167
781
147
204
'220
'256
' 138
'290
'166
'819
153
'143
163
157
' 156
' 150
r
MANUFACTURERS' ORDERS, SHIPMENTS,
AND INVENTORIES (VALUE)
New orders index, total!
avg month 1939—100
Durable goods industries
do
Iron and steel and their products .
do
Machinery, including electrical
do
Other durable goods
do
Nondurable goods industries
do
Shipments, index, total!
do
Durable goods industries
.
do
Automobiles and equipment
do
Iron and steel and their products..
do
Machinery, including electrical
do
Nonferrous metals and products
do
Transportation equipment (exc. autos)
do
Other durable goods industries
do
Nondurable goods industries. _
do
Chemicals and allied products
do
Food and kindred products
do
Paper and allied products . . .
do
Products of petroleum and coal
do
Rubber products
do
Textile-mill products
do
Other nondurable goods industries
do
Inventories:
Index, total
do
Durable goods industries
do
Automobiles and equipment
do
Iron and steel and their products,.
do
Machinery, including electrical!
do
Nonferrous metals and products*
do
Transportation equipment (exc. autos)
do
Other durable goods industries!
do
216
229
289
263
264
293
258
23C
215
252
208
225
268
140
299
178
819
155
' Revised, P P r e l i m i n a r y . X Index is in process of revision.
*New series. D a t a beginning 1939 for t h e n e w series u n d e r industrial production are s h o w n on p p . 18 a n d 19 of t h e D e c e m b e r 1943 S u r v e y . F o r 1938-45 d a t a for t h e index of inventories for nonferrous m e t a l s a n d their p r o d u c t s , see p . 22 of t h e A u g u s t 1946 S u r v e y .
! Revised series. F o r revisions for t h e indicated u n a d j u s t e d indexes a n d all seasonally adjusted indexes s h o w n above for t h e industrial production series, see p p . 18-20 of t h e D e cember 1943 S u r v e y . Seasonal a d j u s t m e n t factors for a n u m b e r of industries i n c l u d e d in t h e i n d u s t r i a l p r o d u c t i o n series s h o w n in t h e S u r v e y were fixed a t 100 beginning various
m o n t h s from J a n u a r y 1939 t o J u l y 1942; d a t a for these industries are s h o w n only in t h e u n a d j u s t e d series as t h e " a d j u s t e d " indexes are t h e s a m e as t h e u n a d j u s t e d . D a t a for 1939-44
for t h e revised indexes of n e w orders a n d s h i p m e n t s , except combined indexes for m a c h i n e r y , are s h o w n on p . 23 of t h e J u l y 1946 Survey, a n d c o m b i n e d indexes for m a c h i n e r y for
these series a n d for inventories for 1938-45 are on p . 22 of t h e August 1946 issue; revised figures t h r o u g h A u g u s t 1945 for inventories of " o t h e r d u r a b l e goods i n d u s t r i e s , " superseding
figures in t h e A u g u s t 1946 S u r v e y , will be published later.
April 1947
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes m a y be found in the
1942 Supplement to the Survey
February
S-3
1946
1947
February-
March
April
May
June
July
1947
August
September
173
171
183
178
124
198
168
186
176
174
184
181
129
204
171
189
October
Novem- December
ber
January
BUSINESS INDEXES—Continued
MANUFACTURERS' ORDERS, SHIPMENTS,
AND INVENTORIES (VALUE)—Continued
Inventories—Continued.
Index—C ont inued.
Nondurable goods . » avg. month 1939=100
Chemicals and allied products
do
Food and kindred products
do
Paper and allied products
do .
Petroleum refining
do
Rubber products
. . . .
. do -_
Textile-mill products
do
Other nondurable goods industries f
.do
Estimated value of manufacturers' inventories*
mil. of dol
161
167
167
161
112
180
141
182
16, 590
159
166
161
163
114
186
148
177
16,829
159
167
157
162
114
199
153
174
16, 837
158
165
153
160
116
196
157
174
16,934
158
166
150
164
118
192
156
176
17,175
169
170
180
171
120
195
164
182
18, 010
18, 466
18,886
184
180
195
183
132
212
174
200
19, 533
187
185
199
183
134
215
173
207
r
19,896
194
197
207
186
133
190
195
202
'185
••133
216
174
••208
175
216
' 20, 259
20,714
r
NEW PLANT AND EQUIPMENT
EXPENDITURES*
All industries, total
Electric and gas utilities
Manufacturing and mining
Railroad
.
.mil. of doL.
do
do
do
Commercial and Tnisnell a/neon*?
2,210
180
1,210
100
720
do
2,810
230
1,530
130
920
3,320
280
1,810
160
1,070
3,650
310
2,040
210
1 090
BUSINESS POPULATION
BUSINESSES AND B tJSINESS
TURN-OVER*
(17. S. Department of Commerce)
Operating businesses, total, end of quarter_..t housands..
Contract construction
do
M anufacturing
do
Retail trade
do
Wholesale trade.
_.._do--_Service industries
do
All other
....do....
New businesses, quarterly
do
. do
Discontinued businesses, quarterly
....do....
Business transfers, quarterly
_
OPERATING
3, 369.1
214.1
276.5
1, 554.7
152.9
641.3
529.7
187.6
42.6
137.3
3,494. 7
232 2
287.8
1,614. 5
160.1
661.2
538.8
168.7
43.1
103.3
p 3,599.3
P242 9
*296 7
»1,670.4
J> 677. 5
545. 7
149.9
»45.2
v 108. 3
P
P
INDUSTRIAL AND COMMERCIAL FAILURES
(Dun and Pradstreet)
Grand total .
.
number
Commercial service
_.__do-.C onstruction
do
. . . do
M anufacturing and mining
Retail trade
do
do
Wholesale trade
Liabilities, grand total
thous. of dol..
Commercial service
..
do
C onstruction
do
Manufacturing and mining
do
Retail trade
do
Wholesale trade
. .__._.
do
92
13
14
29
27
9
2,983
748
215
874
258
888
86
8
10
41
17
10
4,421
902
436
2,285
269
529
81
5
7
34
25
10
3,785
40
133
2,734
249
629
92
13
8
41
26
4
3,656
60
191
2,066
1,323
16
69
3
13
25
24
4
3,006
7
262
1,996
661
80
74
7
9
36
17
5
3,434
413
162
1,948
835
76
92
12
12
37
26
5
3,799
459
516
2,113
297
414
96
11
17
32
28
8
4,877
311
1,368
2,510
367
321
123
11
14
60
21
17
6,400
147
500
4,975
352
426
104
13
9
38
36
8
12, 511
3,202
136
8,492
392
289
141
14
18
58
35
16
17,105
801
266
7,217
1 025
7,796
202
17
15
67
76
27
15,193
582
575
11,020
1 674
1,342
4,191
4,774
4,843
4,634
4,388
3,946
3,550
3,399
3,771
3,068
3,561
4,202
BUSINESS INCORPORATION S
New incorporations (4 states)
number..
3,018
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
U. S. Department of Agriculture
j
209
212
211
244
249
262
207
218
264
273
Prices received, all farm products!
.1909-14=100--]
243
263
260
215
244
245
215
240
232
236
213
220
223
236
233
230
Crops
do
223
224
235
180
185
185
198
200
215
203
207
218
220
Food grain
do
184
166
171
171
188
244
221
222
195
225
187
186
185
Feed grain and hay.
-do
369
369
368
367
368
399
399
388
396
406
390
370
410
Tobacco
do
240
242
246
186
183
190
194
249
271
304
210
285
236
Cotton
do
196
229
244
248
261
249
208
211
186
203
233
203
210
Fruit
do
238
207
166
275
275
283
282
177
185
163
162
154
151
Truck crops
do
336
342
334
334
212
208
210
214
219
242
242
255
236
Oil-bearing crops
do
281
202
299
205
247
294
294
203
207
278
213
263
250
Livestock and products
do
306
311
214
219
225
226
268
294
249
318
319
230
313
Meat animals
do
292
202
199
198
245
257
271
312
307
201
207
300
270
Dairy products
do
201
168
167
166
178
196
199
221
257
173
226
230
192
Poultry and eggs
do
Prices paid:*
192
209
188
214
224
185
187
218
234
196
225
210
227
All commodities
1910-14=100
192
214
221
239
195
197
194
231
239
248
201
217
242
Commodities used in living
do
178
185
202
204
202
176
204
177
207
215
190
200
207
Commodities used in production
do
212
179
180
181
185
188
199
204
207
215
221
213
200
All commodities, interest and taxes
do
114
122
132
124
116
116
117
116
122
121
123
124
119
Parity ratio*
...do
*• Revised, P Preliminary.
* New series. For estimated value of manufacturers' inventories for 1938-42, see p. 7 of the June 1942 Survey and p. S-2 of the May 1943 issue. For data prior to 1945 for the
series on operating businesses and business turnover, see pp. 21-23 of the May 1946 Survey and p. 10 of the May 1944 issue. The series on new plant and equipment expenditures are
compiled by the Securities and Exchange Commission and the U. S. Department of Commerce and are estimates for all private industry, excluding agriculture, based on reports from a
sample including most of the corporations registered with the Commission and a large sample of unregistered manufacturing companies; data through the third quarter are reported
actual expenditures; fourth quarter figures are reported anticipated expenditures. The series on prices paid by farmers and the parity ratio are from the U. S. Department of Agriculture the latter is the ratio of prices received by farmers to prices paid, interest and taxes.
t Revised series. Revised figures for 1938-August 1945 for inventories of "other nondurable goods industries" will be shown later. The indexes of prices received by farmers
are shown on a revised basis beginning in the March 1944 Survey; data back to 1913 are shown on pp. 17-19 of this issue; data for March 15, 1947, are as follows: Total 280; crops, 266;
food grain 283; feed grain and hay, 212; tobacco, 390; cotton, 257; fruit, 215; truck crops, 299; oil-bearing crops, 360; livestock and products, 292; meat animals, 345; dairy, 269: poultry
and eggs, 199.
S-4
SUKVEY OF CURKENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
February
April 1947
1946
1947
February
March
April
May
June
July
1947
August
September
October
Novem- December
ber
January
COMMODITY PRICES—Continued
RETAIL PRICES
Consumers' price index:§
National Industrial Conference Board:X
Combined index
_
1923=100..
Clothing
do
Food.-.
_.do
Fuel and light
.-do
Housing. __
_
__.do
Sundries
do
U. S. Department of Labor:
Combined index
.1935-39=100.
Clothing
_
do....
Food
_.do....
Cereals and bakery products*-do
Dairy products*
-do—
Fruits and vegetables*..
do
Meats* •
do—
Fuel, electricity, and ice
do—
Gas and electricity*
-do
Other fuels and ice*
-.
do—
Housefurnishings_
do
Rent 1
do...
Miscellaneous
do—
U. S. Department of Commerce index:
All commodities*
1935-39=100.
U . S. Department of Labor indexes:
Anthracite
1923-25=100.
Bituminous coal__
.do...
Fair child's index:
Combined index
Dec. 31,1930=100.
Apparel:
Infants'
.do...
Men's
do...
Women's-do—
Home furnishings
do..Piece goods.
.do...
108.2
96.4
116.2
.3
91.0
'117.6
106.7
94.8
113.8
97.4
91.0
115.9
152.8
180.2
182.3
144.1
183.2
191.7
196.7
117.5
92.2
142.1
179.6
108.9
136.7
129.6
150.5
139.6
109.8
136.6
181.1
131.3
111.0
93.8
127.8
149.7
131.1
154.5
141.7
113.3
137.4
185.9
132.8
110.4
92.6
127.8
152.0
131.7
155.7
142.6
115.2
138.6
185.7
133.5
110.3
92.2
127.8
153.7
125.6
130.2
153.1
140.1
110.3
137.0
183.4
131.3
110.5
92.9
127.7
150.2
108.4
125.9
172.7
126.7
127.2
142.9
143.7
144.8
108.6
108.6
108.6
108.6
108.5
108.6
122.9
113.5
113.6
120.0
119.3
120.1
129.1
120.2
108.1
105.3
113.7
115.7
111.8
108.2
105.3
113.7
115.9
112.0
'114.7
99.7
'131.4
•99.9
91.0
' 120. 2
133.3
157.2
145.6
122.1
147.8
183.5
134.0
110.5
92.1
128.4
156.1
108.5
127.9
141.2
158.7
165.7
126.1
179.1
188.4
173. 7
113.3
92.1
133.8
157.9
147.7
108.7
109.0
113.7
108.1
105.7
113.7
116. 2
112.2
122.9
105.9
' 148.9
100.4
91.0
125.3
145.9
165.9
174.1
137.3
186.6
176.4
188.5
114.4
91.7
136.5
165.6
108.8
129.9
148.6
168.1
180.0
138.5
202.4
176.5
190.7
114.4
91.6
136.6
168.5
152.2
171.0
187.7
140.6
198.5
184.5
203 6
114.8
91.8
137.2
171.0
153.3
176.5
185.9
141.6
200.9
185.0
197.8
115.5
92.0
138.3
177.1
128. 2
144.1
161.2
171.2
135.4
180.1
178.3
186.6
113.7
91.8
135.0
160.0
108.7
129.8
131.0
132.5
136.1
153.1
178.3
183.8
143.4
190.1
187.9
199.0
117.3
91.9
142.0
178.5
108.8
136.6
156.3
159.8
164.3
167.2
171.5
172.7
172.7
108.8
111.0
117.9
114.3
118.0
114.4
119.8
116.2
119.6
116.4
119.6
116.5
119.6
117.6
121.7
121.8
114.5
114.7
115.1
116.0
116.7
117.8
119.0
120. 7
122.1
108.1
106.2
114.7
117.0
113.1
108.1
106.2
115.0
117.2
113.3
108.2
106.6
115.7
117.4
113.3
109.1
108.0
116.6
118.7
113.5
110.3
109.1
117.5
119.8
113.9
110.4
110.0
118.2
121.3
114.3
111.3
111.5
118.3
124.3
116.1
117.2
114.8
118.5
126.4
118.2
118.4
117.7
119.5
127.9
117.5
WHOLESALE PRICES
U. S. Department of Labor indexes:
Combined index (889 series) tf -1926=100..
144.6
107.7
108.9
110.2
111.0
112.9
124.7
129.1
124.0
134.1
139.7 f'140.9
141.5
Economic classes:
Manufactured products^
-do
139.9
103.4
104.5
105.5
106.1
107.3
118.9
123.9
117.2
129.6
134.7
135.7
136.7
Rawmaterials
do....
154.9
118.9
120.5
122.2
123.6
126.3
141.7
145.7
141.4
148.7
153.4
153.2
152.1
Semimanufactured articles.
do
142.1
98.8
100.4
101.1
101.9
105.7
110.2
111.9
115.0
118.2
129.1
136.2
138.8
Farm products
do
170.4
130.8
133.4
135.4
137.5
140.1
157.0
161.0
154.3
165.3
169.8
168.1
165.0
Grains
...do....
171.1
133.9
136.7
137.0
148.1
151.8
181.4
169.0
170.6
174.2
165.4
163.0
162.6
Livestock and poultry
do
201.5
132.7
133.5
135.1
134.9
137.4
162.9
177.6
150.4
174.6
197.4
194.7
189.6
Commodities other than farm productscf
do
138.8
102.5
103.4
104.5
105.1
106.7
117.5
121.9
117.2
127.1
132.9
134.8
136.1
Foods . . .
do
162.0
107.8
109.4
110.8
111.5
112.9
140.2
149.0
131.9
157.9
165.4
160.1
156.2
Cereal products
...do....
141.3
96.1
96.2
99.4
100.3
101.7
124.9
124.7
127.4
128.5
136.1
139.5
139.9
Dairy products- _
do
161.8
115.8
116.1
116.3
117.0
127.3
156.9
161.8
169.1
185.5
182.9
180.0
164.6
Fruits and vegetables
do
134.2
127.5
133.1
138.2
140.6
136.1
130.0
120.4
115.5
122.5
139.5
134.5
131.6
Meats
do....
199.5
108.1
109.6
110.3
110.5
110.1
169.9
198.1
131.3
191.4
202.8
188.2
183.4
Commodities other than farm products and foods.'cf1
1926=100
128.6
101.3
102.2
103.3
103.9
105.6
109.5
111.6
112.2
115.8
120.7
124.7
127.6
Building materials....
do....
174.8
120.9
124.9
126.5
127.8
129.9
132.1
132.7
133.8
134.8
145.5
157.8
169.7
Brickandtile
do___.
132.3
116.9
117.4
119.9
120.5
121.3
122.5
126.0 '127.8
127.8
129.1
130.0
132.2
Cement
.__
.-do
109.9
101.5
102.3
102.4
102.6
102.6
104.0
105.8
106.5
106.5
107.0
106.9
108.3
Lumber
do....
263.6
160.1
167.6
171.4
172.5
176.0
177.3
177.6
178.2
178.9
192.1
227.2
249. £
Paint and paint materialsdo
173.9
107.8
107.8
108.0
108.2
108.6
114.9
113.9
116.7
119.2
151.3
154.4
171.2
Chemicals and allied products!-do
129.3
95.9
96.0
96.1
96.5
96.4
99.3
98.4
98.4
99.9
118.9
125.7
128.1
Chemicals
do
113.8
97.0
97.0
97.1
97.9
98.0
98.5
98.4
9S.6
98.8
106.9
111.8
112.7
Drugs and Pharmaceuticalst
do....
182.5
111.5
111. 7
112.4
112.4
109.4
112.6
110.1
110.3
111.5
152.8
181.2
181.7
Fertilizer materials
do....
99.2
81.9
81.9
81.9
8J.9
82.7
88.2
94.4
90.2
91.9
96.3
95.1
99. S
Oils and fats.. . . . .
do...
214.3
101.8
102.1
102.1
102.1
102.1
114.2
102.5
103.3
111.1
191.0
203.0
210.6
Fuel and lighting materials
do...
97.9
85.1
85.0
86.1
86.1
87.8
90.3
94.4
94.3
94.2
94.5
96.1
97
Electricity
do...
71.3
68 3
b6.6
67.0
67.2
65.6
63.9
64.7
64.1
65.2
65.8
Gas
do
79.1
79.6
79.7
80.2
79. b
80.7
79.5
80.6
80.8
84.4
83.1
80.8
Petroleum products
do
76.6
61.6
61.2
62.8
63.5
64.0
65.1
72.8
73.0
73.1
73.4
75.8
76.5
Hides and leather products-.
___-do____
173.8
119.6
119.8
119.8
120.4
122.4
141.2
138.9
141.6
142.4
172.5
176.7
175.1
Hides and skins
.-do
191.4
117.6
117.6
117.6
120.7
121.5
169.3
155.8
151.5
153.0
221.0
216.5
198.5
Leather-.
do
181.1
103.9
104.0
104.0
104.0
110.7
133.2
133.3
138.5
138.5
178.1
185.0
181.6
Shoes
___do..__
171.5
128.2
128.6
128.6
128.9
129.5
140.4
140.1
144.8
145.2
162.9
169.9
170.6
Housefurnishing goods
__
do
124.6
106.5
106.9
107.5
108.3
110.4
111.9
112.6
113.6
115.3
118.2
120.2
123.2
Furnishingsdo___.
129.6
110.1
110.9
112.1
113.4
114.5
117.3
118.5
119.4
121.3
124.4
126.3
128.4
Furniture
.do
119.5
102.9
102.9
102.9
102.9
106.1
106.4
106.6
107.5
109.2
111.8
113.9
118.2
Metals and metal productscf
do....
138.6
106.6
108.4
108.8
109.4
112.2
113.3
114.0
114.2
125.8
130.2
134.7
138.0
Iron and steel
do
125.0
103.3
107.0
107.4
107.8
110.1
111.3
113.3
113.5
113.7
114.0
117.4
123. £
Metals, nonferrous
.do
131.3
85.7
86.1
87.1
89.0
99.2
102.7
101.4
101.4
101.8
118.4
129.3
130.5
Plumbing and heating equipment
do....
117.1
95.1
95.1
100.8
100.8
106.0
106.0
106.3
107.2
107.2
107.2
114.9
117.0
Textile products
do
138.0
102.2
104.7
107.9
108.8
109.2
118.1
124.0
125.7
128.6
131.6
134.7
136.6
Clothing,.
do....
132.7
109.4
109.5
117.4
119.6
120.3
120.5
122.8
122.9
125.5
127.9
129.8
132.4
Cotton goods..
-do....
193.7
125.8
132.9
137.6
138.6
139.4
148.6
160.0
166.6
172.9
174.7
181.6
184.6
Hosiery and underwear
do
100.0
75.3
75.5
75.5
75.7
75.8
76.3
87.7
88.7
88.8
89.3
96.9
99.3
Rayon
do....
37.0
30.2
30.2
30.2
30.2
30.2
30.2
30.2
30.2
30.2
32.0
33.8
33.8
Silk
do....
80.2
0)
(i)
(i)
(i)
(i)
126.7
134.8
126.5
125.7
115.0
103.2
101.2
Woolen and worsted goods...
do
121.9
112.7
112.7
112.7
112.7
112.7
112.7
112.8
113.9
116.6
117.7
119.0
120.8
Miscellaneous—
...do...110.9
95.6
95.6
95.7
97.0
98.5
101.3
102.0
102.1
104.0
106.5
108.9
110.3
Automobile tires and tubes
.do....
73.0
73.0
73.0
73.0
73.0
73.0
73.0
73.0
73.0
73.0
73.0
73.0
73.0
Paper and pulp
do
143.4
113.7
113.7
113.9
115.3
115.6
117.1
119.6
121.9
124.6
127.7
136.4
141.9
Wholesale prices, actual. (See respective commodities.
f
l
Revised.
Not available.
§Formerly designated "cost of living index."
JFor revised 1943 data see p. 20, of April 1946 Survey.
cf Current prices of motor vehicles were introduced into the calculation beginning Octover 19^6: April 1942 prices were carried forward in earlier computations (see explanation in
January 1947 Survey); if April 1942 prices had been used in October 1946-February 1947 calculations, indexes would have been as follows: All commodities, 132.5, 137.9, 139.0, 139.5,
142.6; manufactured products, 127.0, 131.7, 132.5, 133.5, 136.7; commodities other than farm products, 125.1, 130.7, 132.4, 133.7, 136.3; commodities other than farm products and foods,
113.2, 117.8, 121.6, 124.4, 125.5; metals and metal products, 114.3, 117.0, 120.5,123.7,124.3.
• In May, June, September and October, it was impossible to obtain adequate samples for some meats in a number of cities; in such cases, the latest available prices were carried
forward in the index; July index reflects full price change from mid-April and November index, full price change from mid-August.
^Data for 1947 are estimated, based on a survey of rents in 5 cities in January and 6 in February; see note in February 1947 issue regarding earlier data.
•New series. For a description of the Department of Commerce index of retail prices of all commodities, see p. 28 of the August 1943 Survey; and for revised figures for 1929,1933,
and 1935-44, p. 31 of February 1946 Survey. Data for 1923-45 for the indexes of retail prices of the food sub-groups are shown on p. 16 of the November 1946 Survey. Data beginning
1935 for the indexes of retail prices of "gas and electricity" and "other fuels and ice" will be published later.
tRevised series. For revised data for 1941-43 for the indicated series on wholesale prices, see p. 23 of the November 1945 Survey.
April 1947
SUKVEY OF CUREENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes m a y be found in the
1942 Supplement to the Survey
February
S-5
1946
1947
February
March
April
May
July
June
1947
August
September
62.3
69.6
58.3
42.8
64.8
68.5
57.3
43.8
October
Novem- December
ber
January
COMMODITY PRICES—Continued
PURCHASING POWER OF THE DOLLAR
As measured b y Wholesale prices
Consumers' prices
Retail food prices
Prices received by farmers!
1935-39=100.
-do...
_
do...
do...
74.7
77.2
71.5
51.4
55.7
65.8
54.8
40.7
73.8
76.8
71.3
50.9
73.0
76.3
70.5
50.2
72.5
75.9
70.0
50.4
71.3
75.0
68.6
48.9
64.8
70.9
60.3
43.6
60.0
67.4
55.5
39.0
57.6
65.9
53.2
40.4
57.1
65.2
53.7
40.3
56.9
65.3
54.3
41.0
r 1, 053
771
330
'972
730
320
'882
688
297
'795
'634
273
275
159
10
'76
'161
'37
13
22
5
' 47
'42
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY*
New construction, total
._
mil. of dol..
Private, total
do
Residential (nonfarm)
__
do
Nonresidential building, except farm and public
utility, total
mil. of doL.
Industrial
do
Farm construction
do
Public utility
do....
Public construction, total
do
Residential
_
do
Military and naval
do
Nonresidential building, total
__do
Industrial
do
Highway
do
Allother
do....
245
••509
430
159
'601
500
195
'707
587
244
'816
670
288
'904
732
317
260
152
10
77
142
34
12
19
4
43
34
212
108
8
51
'79
••6
13
21
7
'17
22
231
113
14
60
'101
'10
13
23
7
'26
29
257
119
20
66
'120
'12
15
22
6
'37
34
282
128
30
70
'146
'21
14
23
6
'49
39
304
138
40
71
'172
23
14
26
6
'63
46
317
149
50
76
'215
'32
14
30
6
'81
321
159
60
81
'247
'42
18
32
7
'91
64
315
167
50
79
'266
'54
16
35
9
'93
68
318
171
40
83
'282
66
20
32
9
'99
65
308
171
20
82
'242
68
17
27
7
'76
'54
296
166
10
85
-•194
51
16
23
5
'57
'47
v 129
117
85
136
95
148
135
147
129
194
201
170
172
203
211
169
179
201
195
174
177
179
162
165
161
164
155
158
157
152
147
151
147
138
136
145
140
125
118
139
122
125
122
154
143
'120
'119
'146
144
24, 321
442,197
95, 770
346, 427
16, 772
387,399
56,449
330, 950
42,573
697,593
146,404
551,189
52, 733
734,911
127,016
607,895
63,188
952,418
196,832
755,586
38,265
807,914
214,534
593,380
36, 523
717, 991
201,645
516,346
40,101
679,909
204,817
475,092
36,702
619,857
186.882
432,975
33,342
573,206
133,806
439,400
27,149
503,745
130,329
373,416
25, 536
457, 278
108, 920
348, 358
27, 619
571, 628
166, 672
404, 956
3,006
21, 488
143, 258
4,648
37,839
220, 598
7,416
50,631
278, 725
4,769
41,676
236,182
4,878
45,285
290,963
4,357
41,370
273,207
3,582
42,457
283,635
4,108
33,080
211,530
3,648
25,929
169,127
3,696
33,932
225,355
3,609
23,708
160,871
2,857
19, 656
148, 014
3,096
25,700
200, 312
20, 440
32, 469
208, 391
11,469
18, 423
102,079
34,066
49,198
275,241
46, 652
65,530
370, 590
56,264
74, 992
463,600
31,574
51,533
332,248
31,112
45,327
281,227
33,727
45,145
284,025
31,458
47,121
293,831
28,128
36,910
235,068
22,251
33,530
221,113
21, 704
29,975
193, 365
23, 593
39, 279
257,419
665
59, 806
415
37, 687
815
120,230
1,039
95,964
1,684
156, 626
1,950
154,009
1,537
121,149
2,008
153,456
1,557
107,941
1,271
75,535
1,018
82,626
746
62, 652
681
80, 721
210
30, 742
240
27,035
276
23,397
273
32,175
362
41,229
384
48,450
292
31,980
258
30,898
239
48,458
247
37,248
271
39,135
229
53, 247
249
33,176
206.2
' 322.9
310.6
278.0
252.8
283.7
317.6
' 248.3
215.7
165.3
123.2
r
213. 3
' 236.0
r
191.2
r
216.0
426.0
413.5
444.6
406.5
240.5
363.4
140.7
222.9
212.2
331.3
116.6
191.9
210.4
303.4
136.7
192.4
218.7
321.2
135.8
203.1
235.4
378.7
119.4
' 215. 9
194.6
288.0
115.9
188.4
191.4
286.2
108.4
192.9
153.2
222.5
99.2
137.3
129.4
162.0
97.0
140.0
'151.8
r 196.7
' 107. 7
' 164. 8
65, 500
42, 775
35,044
29, 335
2,050
3,659
' 7, 731
60,200
37, 401
36, 067
29, 576
1,899
4,592
1,334
772
329
' 1, 054 ' 1,050
784
807
340
345
CONTRACT AWARDS, PERMITS, AND
DWELLING UNITS PROVIDED
Value of contracts awarded (F. R. indexes):
Total, unadjusted
..1923-25=100..
Residential, unadjusted...
_
do
Total, adjusted
do
Residential, adjusted
do
Contract awards, 37 States (F. W. Dodge Corp.):
Total projects
number..
Total valuation
.thous. of doL.
Public ownership
do
Private ownership
do
Nonresidential buildings:
Projects
_
number..
Floor area
thous. of sq. ft..
Valuation
_
thous. of dol._
Residential buildings:
Projects
number..
Floor area.
thous. of sq.ft..
Valuation
thous. of doL.
Public works:
Projects
.number..
Valuation
thous. of dol._
Utilities:
Projects
number..
Valuation...
thous. of doL.
Indexes of building construction, based on building
permits (U. S. Dept. of Labor): f
Number of new dwelling units provided-1935-39=100_.
Permit valuation:
Total building construction
do
New residential buildings
do
New nonresidential buildings
.do
Additions, alterations, and repairs
do
Estimated number of new dwelling units in nonfarm
areas (U. S. Dept. of Labor):
Total nonfarm*
..number..
Urban, total t
...do
Privately financed, total
do . . .
1-family dwellings
do
2-family dwellings...
do
Multifamily dwellings
do
Publicly financed, total
do
Engineering construction:
Contract awards (E. N. R.)§
thous. of dol._
P132
r> 149
156.1
r
154. 7
207.6
103.7
168.1
r
r
r
146.4
' 51,000
35, 842
' 28. 737
' 24,116
r
1, 794
' 2, 827
' 7,105
' 86,100
' 57, 892
' 50, 733
' 41, 797
' 2, 651
' 6, 285
' 7,159
" 84, 000
' 56, 610
' 45, 276
' 38, 975
' 2, 621
' 3, 680
' 11,334
' 85,100
76, 900
79, 000 ' 81, 800
' 58, 258 ' 52, 235 ' 52, 227 ' 55, 407
' 43, 557 ' 38,130 ' 37, 966 38, 660
r
35, 825 r 31, 388 r 31,170
32, 921
r
3, 283 ' 2,156 '1,980
1,943
' 4, 449 ' 4, 586 ' 4, 816
3,796
r
14, 701 ' 14,105 ' 14, 261 ' 16, 747
356, 491
248, 025
383, 981
536,190
560, 244
555, 469
536, 594
541, 325
373, 056
448, 457
275,825
352, 855
430, 970
1,463
1
1,081
382
1,819
43
1,475
301
2,906
70
2,211
626
4,283
416
5,152
99
3,355
1,698
4,585
747
2,735
1,103
3,345
385
1,687
1,274
3,731
66
2,055
1,609
3,382
490
1,678
1,214
3,182
104
1,957
1,121
3,239
138
1,970
1,130
2,306
55
1,661
590
1,343
26
606
711
44,400
27,074
27,074
22,156
1,615
3,303
0
r
46,600 ' 35, 200 41,000
28, 661 r 21,369 ' 25, 383
28, 539 '21,369 ' 24, 299
23, 747 ' 17, 469 ' 20, 537
' 1, 496
1,594
'977
3,198
' 2, 923 ' 2, 266
1,084
122
0
HIGHWAY CONSTRUCTION
Concrete pavement contract awards: t
Total
thous. of sq. yd._
Airports
do
Roads.
.do
Streets and alleys
do—
978
CONSTRUCTION COST INDEXES
270
Aberthaw (industrial building)..
1914=100..
258
287
300
American Appraisal Co.:
294
303
326
342
352
310
317
335
347
371
390
381
Average, 30 cities
.-.1913=100-.
314
325
346
303
332
337
360
367
377
419
372
399
410
Atlanta...
do
313
332
281
318
324
341
403
347
356
353
375
New York
.do
390
279
308
261
273
283
294
313
364
317
323
San Francisco
do
320
343
353
296
316
280
300
309
323
383
332
344
St. Louis
do
337
367
375
288
' Revised. » Preliminary. § Data for May, August, and October 1946 and January 1947 are for 5 weeks; other months, 4 weeks.
t Based on weekly data combined into 4- and 5-week periods except that a week falling in December and January is prorated; see note in February 1947 Survey.
* New series. Estimates of total nonfarm dwelling units for 1910-44 are shown on p. 15 of the November 1946 Survey. The data on new construction activity since the beginning
of 1944 are joint estimates of the U. S. Departments of Commerce and Labor; there have been revisions in the data for several components as published prior to the July 1946 Survey;
monthly data for January 1939-April 1945 and annual estimates for 1915-38 are available upon request.
* t The index of purchasing power of the dollar based on prices recc'
•eceived by farmers has been shown on a revised basis beginning in the April 1944 Survey. Revisions for the indexes
of building construction for January 1940-December 1945 are available on request. Data for 1920-44 for the number of new dwelling units are shown on p. 15 of the November 1946
Survey (see note in February 1947 Survey with regard to January and February 1945 figures). Since early 1945 data for new dwelling units and the indexes of building construction
above should be considered volume of construction for which permits were issued or contracts awarded rather than volume started, as in normal years, since shortages of building
materials and limiting orders have caused considerable delays in the start of construction or, in some cases, abandonment of the work.
737266—47
4
S-6
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
February
April 1947
1946
1947
February
March
April
May
June
July
1947
August
September
October
Novem- December
ber
January
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES—Continued
Associated General Contractors (all types)..1913=100..
E. H. Boeckh and Associates, Inc.:
Apartments, hotels, and office buildings:
Brick and concrete:
Atlanta—
U. S. average, 1926-29=100..
New York
do
San Francisco
do
St. Louis
...do—
Commercial and factory buildings:
Brick and concrete:
Atlanta,.
do...
New York
do__.
San Francisco...
do...
St. Louis
do...
Brick and steel:
Atlanta
__
_
do...
New York
...do-..
San Francisco
do—
St. Louis
..do,..
Residences:
Brick:
Atlanta.
..-do...
New York
._.
do...
San Francisco
do...
St. Louis
do...
Frame:
Atlanta
.do...
New York
.do__
San Francisco
do...
St. Louis
do...
Engineering News Record:
Building*
1913=100.
Construction (all types)
do...
Federal Home Loan Bank Administration:
Standard 6-room frame house:f
Combined index—
-.1935-39=100.
Materials. _
do...
Labor
do...
245
247
247
249
252
258
263
267
267
270
275
277
133.6
172.1
151.8
151.1
131.3
172.9
153.8
152.7
133.2
177.4
155.7
154.3
133.5
177.9
156. 2
159.9
138.6
178.6
158.7
161.9
141.2
180.0
160.6
164.0
142.6
181.5
164.0
164.9
143.0
181.9
164.3
165.3
144.0
182.3
164.8
165.8
144.9
183.4
165.9
167.2
145.7
183.9
167. 3
168. 5
148.8
194.7
172.4
173.9
129.3
172.9
151.8
152.8
129.5
173.5
154.6
155.0
131.0
179.3
156.5
155.8
131.2
179.7
156.9
163.8
137.0
180.3
158.7
164.8
141.3
181.5
159.3
166.2
144.4
184.5
167.0
166.7
144.7
184.8
167.2
167.0
146.0
185.1
167.6
167.2
146.6
185.9
168.4
168.3
147. 1
186.2
169.4
169.3
149.9
193.5
174.6
175.2
129.3
169.0
152.3
149.9
130.1
169.6
154.5
152.1
131.3
174.7
156.2
153.1
131.5
175.1
156.6
159.5
135.5
175.6
160.1
160.8
137.5
177.3
161.5
162.9
141.8
179.5
168.0
164.3
142.2
179.9
168.2
164.7
142.7
180.3
168.6
164.9
143.9
182.3
169.8
166.5
145.8
183.0
172.5
169.5
148.8
191.1
176.1
172.8
141.2
174.9
154.0
158.8
141.2
175.5
155. 3
159.5
144.7
180.3
157.6
162.2
144.9
180.7
158.0
165.8
148.6
181.3
159.0
167.8
152.4
185.6
163.5
172. 5
154.5
187.1
165.8
173.7
155.6
188.0
166.0
174. 6
156.2
188.9
166.4
174.9
159.2
192.6
169.6
178.9
161.9
195. 4
173.2
183.4
165.8
204.7
177.0
187.6
143.0
175.6
153. 0
159.5
143.0
176.2
153.7
159.8
147.2
180.6
156.1
163.0
147.4
181.0
156. 5
165.0
150.2
181.6
157.5
167.7
153.3
186.0
164.0
172.7
155.4
187.4
162.9
174.0
156.5
188.5
163.1
175.1
157.0
189.7
163. 5
175.4
160.8
194.4
166.8
179.8
164.2
198.0
170.8
183.8
166.8
208.9
173.9
187.0
298.
391.9
245. 4
323.8
254.4
334.6
257.3
339.7
264.2
347.9
266.1
353.9
272.0
361.4
272.0
360.2
272.7
360.9
273.7
362.5
278.5
368.1
288.8
381.7
297.4
390.8
174.8
177.9
168.6
140.3
136.3
148.5
141.0
137.1
148.9
142.1
138.0
150.6
143.6
139.2
152.5
145.7
141.6
153.8
147.7
143. 7
155.6
149.8
146.1
157.2
151.9
148.3
159.3
154.2
150.5
161.6
156.9
153.8
163.1
160.8
158.9
164.8
168.0
168.5
166.8
280
REAL ESTATE
Fed. Hous. Admn., home mortgage insurance:
6,721
6,569
6,603
6,679
6,639
6,789
Premium-paying mortgages (cumulative) mil. of dol.
6, 995
6,759
6,818
6,855
6,885
6,921
6,959
Estimated total nonfarm mortgages recorded ($20,000
P and under)*
...thous. of dol.. 770,095 618,763 765,973 887, 266 964, 438 917,414 981,187 999, 221 928, 878 1,006,681 869,489 836, 404 847, 043
Estimated new mortgage loans by all savings and loan
associations, total..
...thous. of dol. 241, 263 225, 519 300,163 342, 999 361, 298 325,997 326,048 324, 459 309,791 326,199 271, 476 253, 701 250,016
Classified according to purpose:
Mortgage loans on homes:
56, 297
30, 866 45, 391 53, 202 62,189
52, 723
59, 708
59,377
55,354
51,187
60,931
50,233
C onstruction
do...
51,145
Home purchase
d o . . . 133,399 154, 219 202, 995 235, 877 243, 458 218, 575 216, 369 211, 804 198, 842 207,139 170,162 •"151,848 145, 253
19, 801 24, 244 24,882
24, 451 22, 402
24, 376 21, 625
22,129
21,388
22,032
21, 546
22,116
Refinancing
do...
22, 599
6,625
' 9,061
4,217
6,198
6,796
6,954
7,091
7,327
8,481
8,027
7,034
6,040
Repairs and reconditioning
do...
6,795
24, 692 21,468
16, 416 21, 335 22, 242 24, 246 22, 098
25, 521
21, 256
22, 765
26,022
23,464
24,204
Loans for all other purposes
do...
Loans outstanding of agencies under the Federal Home
Loan Bank Administration:
Federal Savings and Loan Associations, estimated
2,887
3,152
3.358
2, 572
mortgages outstandingt
...miL of dol.
Federal Home Loan Banks, outstanding advances to
156
202
214
203
235
258
253
293
153
242
165
173
251
member institutions
..mil. of doL.
Home Owners' Loan Corporation, balance of loan:
636
773
735
682
665
651
753
699
813
715
621
794
609
outstanding
mil. of dol..
6.7
9.7
7.5
7.1
6.8
7.0
7.4
8.6
6.3
7.8
Foreclosures, nonfarm, index, adjustedt-1935-39=1008.3
44, 706
40, 019
52,153 46, 094 44, 240
40,998
40, 256
58,094
40,108
57,180
51, 759
Fire losses
thous. of dol. 64, 24'
53, 252
DOMESTIC TRADE
ADVERTISING
Advertising indexes, adjusted:!
154.2
167.2
151.6
156.8
177.1
184.5
171.9
163.5
152.6
151. 9
160.6
Printers' Ink, combined index
1935-39=100
156.2
167.7
184.2
182.8
200.9
195.7
212.7
157.8
161.5
201.9
159.6
Farm papers
.
_
do
173.1
172.5
179. 9
191.3
228.7
237.7
214.1
218.8
176.2
201.6
202.9
Magazines
do
124.5
125.9
145.9
134.4
131.5
127.2
126.6
153.0
139.5
138.1
122.8
Newspapers
.
. _
do . . .
189.8
193.9
199.9
216.7
167.2
182.0
213.8
217.7
212.3
233.3
237.5
Outdoor
do
294.1
298.5
297.2
313.2
307.0
307.8
317.1
275.5
273.8
264.0
268.0
Radio
do
171.9
164.5
166.1
165.1
193.9
202.0
189.9
205.7
175.0
207.6
189.1
195.6
Tide, combined index*
do
Radio advertising:
16,822
15,827
16, 442
14,414
14,011
15, 758
15,133
16,741
16, 587
15,138
17, 273
16, 338
16,800
Cost of facilities, total
thous. of dol
797
807
771
660
559
670
815
922
622
629
666
654
731
Automobiles and accessories
do __
192
190
175
91
95
209
196
84
100
99
105
112
80
Clothing
do
316
323
254
273
325
363
301
327
332
266
268
252
224
Electrical household equipment
do
321
343
345
350
364
444
293
376
351
356
387
428
Financial
._ . ._ do
458
4,482
4,114
4,042
4,423
4,609
3,637
3,554
3,927
4,357
3,921
4,512
4,396
4,379
Foods, food beverages, confections
do
505
546
620
696
537
535
608
503
507
536
520
530
583
Gasoline and oil
do
163
169
149
170
173
154
177
153
153
168
159
165
168
Housefurnishings, etc . . .
do
1,509
1,449
1,507
1, 462
1,551
1,314
1,332
1,574
1,432
1,378
1,375
1,575
1,490
Soap, cleansers, etc
do
1,355
1, 257
1,328
1,270
1,316
1,268
1,337
1,267
1,219
1,211
1,407
1,373
1,390
Smoking materials
_
.
do . .
5,324
4, 730
4,920
5,374
5,145
5,315
4,907
4,714
4,525
5,004
5,123
5,316
5,306
Toilet goods, medical supplies ^
.do
1,842
1,728
1,688
1,755
1,796
2,001
1,320
1,316
1,536
1,929
1,855
1,870
All other
do
1, 726
r
Revised. JMinor revisions for January 1939-July 1942 are available on request.
*New series. For a description of the series on nonfarm mortgages recorded and data for January 1939 to September 1942 see p. S-5 of the November 1942 Survey. For a brief
description of the Tide index of advertising see note marked "*" on p. S-6 of the April 1946 Survey; data beginning 1936 are available on request. See note in the February 1947 Survey regarding the Engineering News Record index of building cost; data beginning 1913 will be shown later.
tRevised series. Revisions for the index of nonfarm foreclosures 1940-41 are shown on p. S-6 of the May 1943 Survey. Indexes of advertising from Printers' Ink have been published on a revised basis beginning in the April 1944 Survey; revised data beginning 1914 will be published later. The indexes of cost of the standard 6-room frame house are shown
on a revised basis beginning in the April 1946 Survey; revisions beginning November 1935 will be published later.
April 1947
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may he found in the
1942 Supplement to the Survey
February
1947
S-7
1947
1946
February
March
April
May
June
July
August
September
October
Novem- December
ber
January
DOMESTIC TRADE—Continued
ADVERTISING—Continued
Magazine advertising:
Cost, total.
thous. of dol..
Automobiles and accessories
do
Clothing
do
Electric household equipment
do
Financial
do
Foods, food beverages, confections...
do.. .
Gasoline and oil
do
Housefurnishings, etc
do
Soap, cleansers, etc
do
Office furnishing and supplies
do
Smoking materials
do
Toilet goods, medical supplies
do
All other
do
Linage, total
thous. of lines
NTewspaper advertising:
Linage, total (52 cities)
do .
139,993
Classified...
do
34 588
Display, total.. _.
do
105,405
Automotive
do
4 097
Financial . .
do
1 767
General.
do
22, 323
Retail .
do
77, 218
26,503
1,417
2 387
783
587
3, 983
306
1,229
606
486
805
4,905
9,010
4,604
31,869
1,445
3,564
797
623
4,472
359
1,966
766
657
929
5,346
10,943
4,910
33,767
1,522
3,732
893
646
4,407
533
2,105
703
695
870
5,654
12, 007
4,775
32,138
1,771
3,343
855
583
3,895
599
2,423
655
618
755
5,171
11,469
4,271
32,151
2,297
2,448
782
580
3,919
589
1,980
793
790
808
5,879
11,285
3,757
25,106
2,034
1,215
549
564
3,298
557
1,138
481
406
546
4,608
9,710
3,870
27,134
2,186
2,936
638
478
2,907
638
1,180
476
554
604
4,208
10,328
4,704
36, 506
2,425
4 883
1,145
695
3,660
526
2,426
674
1,053
916
5,226
12,876
5,308
39,463
2,503
4,831
1,161
629
4,394
715
2,772
779
896
1,095
6,172
13,515
5,420
42, 565
2,755
4,449
1,315
745
4,993
716
2,753
667
1,025
1,252
6,694
15,199
5,213
36, 232
1,499
3 456
1,080
608
4,172
218
2,408
455
992
1,277
5,779
14,287
3,783
23, 807
1,383
1,826
466
505
3, 931
160
1,147
407
369
920
3, 411
9,282
121,177
29, 677
91,499
2,092
2,076
21,057
66, 274
146, 539
36,097
110,442
2,784
2,365
23,083
82, 210
144,013
35,147
108,866
3,427
2,388
21,934
81,117
143,691
35,143
108, 548
3,479
2,159
22,315
80, 595
137, 718
34, 502
103, 216
3,714
2,138
21,371
75,993
131,280
35,983
95, 296
3,644
2,584
19, 973
69,095
144,288
38,643
105, 645
4,046
1,931
19,378
80, 290
152,871
39,018
113,853
3,495
1,877
22,067
86,414
165, 014
39, 628
125,386
4,480
2,197
27, 207
91, 502
164,120
36, 772
127,348
4,675
2,025
26, 596
94,052
163, 257
34,404
128, 853
3,415
1,894
22,388
101,155
137, 743
35, 689
102, 055
3, 503
2,464
19, 674
76, 413
88.9
88.4
87.5
87.1
85.9
85.2
85.1
85.5
87.0
87.6
88.2
88.8
89.6
thousands
thous of dol
4 147
90, 036
5 571
123,104
5,559
135, 593
5,518
120,882
4,729
106, 571
4,408
98,557
4,444
101,857
4,330
101, 735
4,167
101,169
4,575
107,822
4,253
95,112
4,447
93, 691
4,477
95, 899
thousands
thous. of dol
12, 691
186, 444
12,954
187, 773
15,473
233,141
15,094
208,273
14,154
190,934
13,343
175,987
13, 217
181, 229
13, 690
192,319
13,125
185, 779
15, 649
219, 270
14,042
193,807
13,932
189, 903
14,086
193, 877
GOODS IN WAREHOUSES
Space occupied in public-merchandise warehouses §
percent of total..
POSTAL BUSINESS
Money orders:
Domestic, issued (50 cities):
Number
Value
Domestic, paid (50 cities):
Number..
Value
CONSUMER EXPENDITURES
Estimated expenditures for goods and services:*
Total .
mil. of dol
Goods . _
do
Services (including gifts)
do
Indexes:
Unadjusted, t o t a l —
1935-39=100..
Goods . . .
.do
Services (including gifts)
..do
Adjusted, total .
do
Goods
do
Services (including gifts).
do
RETAIL TRADE
All retail stores:f
Estimated sales total
mil. of dol
Durable goods store
do
Automotive group..
do.
Motor vehicles
do
Parts and acessories
.
do
Building materials and hardware
do__ .
Building materials
do
Farm implements
do
Hardware
do
Homefurnishings group
do
Furniture and housefurnishings
.do
Household appliance and radios.
_ do
Jewelry stores.
do
Nondurable goods stores
do
Apparel group . .
.
. d o
Men's clothing and furnishings
do
Women's apparel and accessories
do
Family and other apparel
do
Shoes
do
Drug stores.
do
Eating and drinking places
do
Food group
do
Grocery and combination
.
do
Other food
do
Filling stations._.
_
do
General merchandise group..
do
Department, including mail order
do
General, including general merchandise with
food . . .
do
Other general mdse. and dry goods
do
Variety
_
do
28,132
19,495
8,637
30,830
22,055
8,775
32,100
23,050
9,050
36, 115
26, 790
9,325
191.4
208.3
161.9
205.7
231 5
160.4
209.8
235.6
164.4
207.6
232.2
164.3
218.4
246.2
169.6
220.1
248.6
170.1
245. 7
286.2
174.7
230.9
262. 3
175.8
7,408
1 556
668
573
96
452
286
50
116
366
235
131
70
5,852
556
134
255
79
88
276
857
2 088
1,627
460
279
971
638
6,430
1 060
321
222
98
381
244
38
100
284
210
73
74
5,370
566
125
275
75
90
262
880
1,713
1,297
416
270
899
588
7,473
1,267
377
261
116
475
295
50
129
334
248
86
82
6,206
760
164
382
98
116
283
988
1,915
1,456
459
300
1,118
754
7,707
1,430
454
333
121
525
322
58
145
362
268
95
89
6,277
814
193
375
107
139
284
967
1,880
1,408
472
297
1,193
791
7,926
1,608
577
452
125
540
325
63
152
392
286
105
99
6,318
713
173
326
95
119
299
1,018
1,978
1,492
486
312
1,154
762
7,736
1,554
551
426
125
516
312
57
147
386
275
111
101
6,181
731
186
312
101
132
296
1,009
1,927
1,452
475
310
1,136
748
7,671
1,611
609
484
125
541
336
62
142
377
259
118
84
6,060
555
131
244
80
100
293
1,024
2,019
1,512
507
325
1,022
640
8,556
1,770
691
560
132
571
362
58
151
418
285
132
91
6,786
719
166
322
105
127
300
1,073
2,287
1,748
538
340
1,207
788
8,199
1,722
682
562
120
545
349
52
143
410
281
129
86
6,476
791
195
355
111
130
287
1,054
2,004
1,502
502
320
1,203
809
8,911
1,921
753
621
132
602
381
64
158
471
317
154
96
6,990
856
222
377
123
134
298
1,072
2,161
1,628
532
343
1,357
910
9,086
1,854
730
598
132
540
330
56
154
468
317
151
116
7,232
858
237
364
129
127
300
1,011
2,324
1,792
532
332
1,488
1,016
10,282
2,054
742
586
155
535
306
50
180
532
357
175
245
8,229
1,089
316
454
162
158
395
1,015
2,380
1,831
548
332
1.930
1^277
' 7,838
'1,620
'696
'589
'107
'476
304
'51
'120
'377
'240
137
' 71
' 6, 218
610
' 145
-280
'88
98
'286
'961
' 2, 213
' 1, 707
'506
'304
'995
' 656
118
98
117
110
90
110
128
110
125
140
119
144
141
119
132
134
120
134
140
112
131
148
126
146
139
124
131
154
142
151
155
146
171
173
199
281
'124
MOO
116
r
Revised. § See note marked " § " on p. S-6 of the April 1943 Survey in regard to enlargement of the reporting sample in August 1942.
*New series. The series on consumer expenditures, originally published on a monthly basis in the October 1942 Survey (pp. 8-14), are now compiled quarterly only (data are
quarterly totals) and have been adjusted to accord with the annual totals shown as a component of the gross national product series; for dollar figures for 1939-40 see p. 13, table 10,
of the April 1944 Survey and for 1941-44, p. 8, table 6, of February 1946 issue; data in the latter table and those above are on a revised basis; they differ from figures published in the
January 1946 Survey and earlier issues owing to the inclusion of expenditures of military personnel abroad in the total and services (dollar figures for this item are given in the footnote to the table on p. 8 of the February 1946 Survey and table 1 on p. 7 of the February 1947 issue); indexes beginning 1939, both including and excluding expenditures of military
personnel abroad, are available on request.
fRevised series. For revised data (dollar figures and indexes) on sales of retail stores for January 1943 to June 1944, and earlier revisions for a number of series, see table on pp.
19 and 20 of the September 1945 Survey (corrections for p. 19: March 1944 indexes—building materials and hardware stores, 143.6; jewelry stores, 460.7; June 1944 index for apparel
stores, 201.0; 1940 dollar figures, all retail stores—January 3, 198; February 3, 108); except as given in this table or indicated in footnote 1 thereto, data for 1929, 1933, and 1935-42 are
correct as published on pp. 7 and 11-14 of the November 1943 Survey. Revisions for January-April 1945 are shown on p. 24 of the August 1946 Survey and data for later months of
1945 are on pp. S-7 and S-8 of the July 1946 issue.
S-8
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
February
April 1947
1946
1947
February
March
April
May
June
July
1947
August
September
October
Novem- December
ber
January
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
All retail storest— Continued.
Estimated sales—Continued.
Nondurable goods store—Continued.
Other retail stores
mil. of dol...
Feed and farm supply
-do
Fuel and ice._
_
do
Liquors
_
do
Other
.do....
Indexes of sales:
Unadjusted, combined index
-1935-39=100Durable goods stores
-do
Nondurable goods stores
__
-do
Adjusted, combined index
do
Index eliminating price changes._
do
Durable goods stores..
.do
Automotive
-do
Building materials and hardware--do
Homefnrnishings-do
Jewelry.
_
_
do
Nondurable goods stores
-do
Apparel
do
Drug
_
do
Eating and drinking places
_
do
Food
__do
Filling stations
do
General merchandise
_do
Other retail stores
do
Estimated inventories, total*
mil. of dol..
Durable goods stores*
do
Nondurable goods stores*
do
Chain stores and mail-order houses:
Sales, estimated, total*
_.
do.___
Apparel group*
do
Men's wear*
do
Women's wear*.._
do
Shoes*
-_
do
Automotive parts and'accessories*
do
Building materials*...
do
Drug*
do
Eating and drinking*
do
Furniture and housefurnishings*
do
General merchandise group*
do
Department, dry goods, and general merchandise*.._
mil. of dol..
Mail-order (catalog sales)*
do
Variety*
do
Grocery and combination*
.do
Indexes of sales:
Unadjusted, combined index*
1935-39=100-.
Adjusted, combined index*
_
do
Apparel group*
_
_do
Men's wear*.._
._
do
Women's wear* ._
do
Shoes*.
do
Automotive parts and'accessories*
do
Building materials*-..
do
Drug*
do
Eating and drinking*
._
_do
Furniture and housefurnishings*
.do
General merchandise group*
do
Department, dry goods, and general merchandise*
1935-39=100Mail-order*
do
Variety*
_.
do
Grocery and combination*
_do
Department stores:
Accounts, collections, and sales by type of payment:
Accounts receivable:
Instalment accounts!
1941 average=100—
Open accounts!
do
Ratio of collections to accounts receivable:
Instalment accounts!-_
percent
Open accounts!
_do..._
Sales by type of credit:*
Cash sales
percent of total sales..
Charge account sales
do
Instalment sales
do
Sales, unadjusted, total U. S.f
1935-39=100Atlantaf
do
Boston —
f
--.
do
Chicagof
do
Cleveland!
_
do
Dallasf—
do
Kansas City!
do.
Minneapolis!
do
New Yorkf
do
Philadelphia!-.
do
Richmond!
do
St. Louis!...do
San Francisco
do
826
206
196
136
288
779
207
178
137
258
842
238
151
149
302
841
250
118
153
321
844
242
114
153
335
773
207
89
146
331
822
232
125
150
315
859
219
134
163
344
817
205
136
144
333
903
218
156
160
369
918
210
152
176
381
248.2
210.9
260.4
278. 5
161.5
246.4
181.4
310.4
331.0
386.1
288.9
312.7
256.0
404.6
299.7
170.2
242.0
321.4
9,487
3, 415
6,072
1,656
215.2
143.2
238.7
243.3
172.6
172.0
87.7
262.1
260.0
412.3
266.6
317.7
243.2
415.8
246.4
164.5
225.0
303.2
6,229
1,864
4,365
225. 9
157.2
248.3
241.6
170.1
173.5
89.6
257. 8
265.7
429.2
263.8
320.8
242.8
401.0
244.6
155.4
232.6
288.1
6,542
2,016
4,526
240.2
179.0
260.2
236.2
164.7
180.2
108.0
246.3
260.7
445.4
254.4
284.5
246.3
389.1
245.3
144.2
222.1
275.4
6,771
2,039
4,732
242.4
199.7
256.3
236.9
163.8
187.0
129.0
233.0
262.5
402.4
253. 2
269.1
247.3
389. 5
248.9
139.8
222.3
271.5
6,982
2,101
4,881
242.3
200.1
256.1
238.7
162.6
189.8
122.4
235. 6
296.9
397.8
254.7
290.2
251.0
392.3
239. 3
139.0
232.9
268.8
7,114
2,186
4,928
235.2
200.0
246.7
247.5
158,2
201.0
134.6
250.2
298.4
417.5
262.6
291.5
240.4
387.6
251.9
140.6
237.2
299.1
7,439
2,319
5,120
252.6
214.1
265.2
261.4
163.4
214.9
152. 3
263.7
304.7
409.9
276.5
331.3
242.4
382.2
271.5
147.2
253.4
297,4
8,055
2,477
5,578
266.8
228.1
279.4
256.5
156.6
221.4
159.4
256.1
329.6
421.9
267.9
299.8
242.0
395. 5
262.6
146.9
237.9
294.1
8,487
2.682
5,805
269.0
232.6
280.8
260.3
156.0
225.6
172.2
249.9
329.6
387.3
271.6
285.0
249.1
408.6
274.5
157. 5
230.4
297.8
9,136
2,950
6,186
282.2
238.6
296.4
273.0
159. 3
220.2
172.0
256.0
342.0
388.5
287.3
295.3
260.4
421.9
296.4
163.3
241.8
320.3
9, 562
3.190
6,372
321.6
262.4
340.9
270.1
156.8
231.6
168.2
280.7
331.3
385. 9
282.7
289.2
264.9
394.6
298.7
166.2
240.7
303.3 |
8.728
2,911
5, 817
1.375
1,651
1,679
1,663
1,650
1.599
162
24
83
43
32
52
61
44
17
337
'1,876
1,715
153
27
72
41
28
60
64
47
20
389
1,913
228
34
121
53
38
58
65
50
20
439
250
38
123
68
41
64
65
48
21
465
208
34
100
57
43
68
68
49
23
449
2,037
224
36
105
65
44
64
68
48
22
446
171
24
84
50
45
64
67
0
21
425
205
33
96
59
48
72
70
51
23
502
213
39
96
60
42
74
66
50
22
492
233
46
103
63
46
75
70
53
27
571
235
48
103
63
49
61
72
51
27
594
2,398
303
55
139
84
59
55
100
55
32
776
202
77
101
629
175
59
95
442
237
84
108
504
254
77
124
467
259
65
114
490
259
61
116
479
242
59
113
486
286
79
126
618
278
91
113
482
324
104
131
542
331
104
147
650
429
92
243
666
238.8
268.6
297.9
274.0
361. 5
251.2
201.7
311.5
231. 2
221.8
237.1
256.3
198.0
225.8
315.4
241.1
414.8
258.6
224.4
270.1
220.0
209.5
206.0
222.3
213.3
230.8
328.2
264.6
471.8
219.2
240.0
251.1
216.1
208.4
204.4
241.5
226.4
218.0
272.9
231.2
380.3
186.8
229.7
239.5
221.1
206.6
193.9
222.2
220.0
216.9
254.1
253.7
333.6
173.3
221.2
224.0
225.9
210.3
197.8
222.6
220.8
218.6
270.5
240.5
357.9
199.1
216.0
225.4
229.6
216.5
232.4
224.8
212.9
230.6
278.1
250. 8
343.2
230.2
224.9
225.8
226.1
224.3
225.5
242.0
234.1
254.0
330.0
360.5
379.3
268.0
234.5
234.5
232.5
222.1
201.3
259.4
244.2
238.3
284.8
321.6
358.5
191.0
237.8
233.3
225.3
209.5
202.0
244.9
250.1
237.2
273.7
283.4
337.4
206.7
251.3
211.3
226.8
212.5
204.1
241.5
268.3
254.9
280.9
286.0
336,3
226.6
287.9
208.9
239.0
218.2
215.7
249.4
325.7
' 258.8
280.0
262.9
328.5
245.2
299.4
250.2
250.8
208.9
216.0
243.1
293.7
268.6
191.8
309.9
254.2
208.0
180.1
217.9
272.6
243.4
193.5
217.4
251.0
212.9
181.8
213.2
261.4
184.4
184.1
217A
262.5
196.7
183.0
213.3
283.9
222.5
189.3
226.8
300.9
259.3
197.0
267.4
279.8
250.5
188.6
243.9
283.0
202.5
199.3
245.8
289.6
221.3
203.4
283.1
288.9
181.5
206.7
297.0
74
154
'43
100
43
114
45
126
45
129
46
133
45
119
48
127
50
145
55
156
62
176
75
224
28
51
'32
'36
64
35
63
34
62
33
60
32
57
35
59
34
56
37
60
37
59
35
54
56
38
6
222
297
171
210
210
306
62
34
4
207
292
156
193
194
60
36
4
238
315
197
226
237
316
255
223
206
219
264
264
258
60
36
4
255
336
223
242
253
335
273
235
219
228
281
281
287
59
37
4
248
313
211
234
243
322
272
242
214
222
274
272
284
59
37
4
253
306
216
245
257
313
265
236
221
228
266
274
288
61
35
4
208
275
157
198
203
290
239
204
158
175
219
234
266
60
36
4
242
321
184
236
249
332
279
232
189
195
253
284
292
57
39
4
278
374
237
268
251
395
311
287
214
246
316
316
326
56
39
5
278
372
240
268
265
384
312
281
202
259
312
313
330
57
38
5
336
416
284
318
333
434
340
302
301
319
369
371
376
57
38
5
441
570
398
409
430
567
448
385
392
408
493
463
'504
•"61
'297
202
188
191
226
244
238
182
174
174
227
236
*276
'252
P249
207
162
228
491
' Revised.
*> Preliminary.
§Minor revisions in the figures prior to November 1941 are available on request.
*New series. Revised 1940-43 dollar figures and indexes for total chain store sales and furniture and house furnishings, 1942-43 indexes for all series in the general merchandise
group except mail-order, and revisions in the 1942 or 1943 data for a few other series are available on p. 20 of the September 1945 Survey. Except as given on that page, data for 1929.
1933, and 1935 to March 1943 are correct as published on pp. 15-17 of the February 1944 Survey. Revisions for January-April 1945 for grocery and combination stores and the total
(dollar figures and indexes) are shown on p. 24 of the August 1946 Survey. Data beginning 1939 for retail inventories will be published later; data shown in the Survey beginning
with the June 1944 issue are comparable with estimates published currently. See p. S-9 of the August 1944 Survey for data beginning June 1943 for the series on department store
sales by type of payment.
!Revised series. See note marked " ! " on p. S-7 for reference to data through June 1944 and for January-April 1945 for sales of all retail stores. The indexes of department store
sales for the United States and the indicated districts have been revised for all years. Revised data beginning 1919 or 1923 for the United States, Dallas, and Richmond are published,
respectively, on p. 17 of December 1944 Survey, p. 20 of February 1944, and p. 22 of June 1944 issue (further revisions in the 1943-44 data for Richmond are in footnote on p. S-8 of the
March 1946 issue and there have been unpublished minor revisions in the adjusted index for the United States for 1938-45). There have been unpublished revisions also in the adjusted
indexes through 1945 for Kansas City, Atlanta, Cleveland, and New York; data for 1919-45 for New York are shown on p. 20 of this issue.
S-9
SURVEY OF CUEEENT BUSINESS
April 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
1947
1946
February
February
March
April
May
June
July
August
September
October
Novem- December
ber
January)
DOMESTIC TRADE—Continued
RETAIL TRADE-Continued
Department stores—Continued.
Sales, adjusted, total U. S.f
Atlanta!
.
Bostonf
Chicago! - Cleveland!
__
Dallasf
Kansas Cityt
Minneapolis!
New Yorkf
Philadelphia!
_
Richmond!
St. Louis!
San Francisco
Stocks, total U. S., end of month:!
Unadjusted
Adjusted
Mail-order and store sales:
Total sales, 2 companies..Montgomery Ward & Co.
Sears, Roebuck & Co
Rural sales of general merchandise:
Total U. S., unadjusted
East
South
Middle West.
.
Far West
Total U. S., adjusted
East...
South
_
Middle West
Far West
1935-39=100..
do
do
do
.
do
do
do
do
do
do
do
do
do
268
338
219
262
256
347
*274
262
224
242
281
290
*328
' 250
331
200
241
236
'338
261
236
207
221
'282
281
300
257
328
218
243
246
336
275
246
215
244
294
286
297
252
327
210
237
244
352
273
225
221
224
276
272
291
258
329
213
234
256
342
289
252
228
232
276
277
305
276
365
232
253
273
368
288
248
243
253
303
305
315
273
343
227
254
260
381
281
253
236
254
307
300
323
290
365
246
281
286
381
300
259
259
250
306
330
324
270
367
226
263
249
376
321
265
205
241
298
313
313
257
348
216
250
248
349
297
254
179
229
286
293
319
272
347
230
261
266
356
283
252
231
253
290
294
320
274
363
231
294
277
348
299
251
233
229
'293
303
317
265
341
215
245
256
'363
1281
'262
228
244
'291
278
313
1935-39=100..
do
252
275
••157
171
172
177
188
189
200
200
205
'210
223
r 222
238
221
250
226
267
237
277
'256
235
274
235
268
thous. of dol_. 185, 800
_
do
71,205
114, 595
do
150, 292
55, 231
95,061
207,055
78, 454
128,601
209,843
80,073
129, 770
211,418
85,065
126,353
201,976
75,428
126, 548
194, 503
72,667
121,836
232,811
91,864
140,946
242, 461
94,005
148,456
283, 733
112,155
171,578
281,422
106, 355
175,067
313,678
117,281
196, 397
201, 052
67, 097
133, 955
279.6
266.0
430.4
235. 5
295.0
345.6
325.2
471.9
296.2
398.6
227.1
218.2
348.1
195.3
222.7
280.7
266.7
381.7
245.7
300.9
303.4
313.2
449.1
261.9
280.3
345.5
348.8
497.4
295.6
340.6
283.7
277.0
374.1
243.6
321.7
308.7
290.6
424.6
260.8
360.2
233.8
217.6
311.2
199.4
283.2
254.7
237.1
366.9
210.5
315.0
243.4
236.6
322.4
210.0
294.1
267.2
257.7
401.0
222.4
308.6
214.8
189.5
300.4
188.3
263.5
294.2
266.1
442.4
255.1
321.4
288.0
268.0
394.0
253.2
325.2
352.1
336.2
546.4
306.9
353.1
340.3
320.1
493.2
286.7
383.5
321.9
325.6
446.8
279.7
327.7
345.1
334.6
493.8
293.2
384.9
265.6
260.0
333.2
230.8
320.5
376.9
372.7
552.2
313.2
439.0
289.7
289.2
402.1
238.9
361.9
366.8
333.8
491.5
312.6
465.5
229.4
200.5
327.2
200.4
285.2
239.7
243.8
348. 3
199.6
258.9
315.0
320.7
440.3
261.0
352.2
4,738
1,599
3,139
6,514
3,786
966
2,820
4,254
4,055
1,076
2,979
4,375
4,183
1,180
3,003
4,413
4,351
1,234
3,117
4,458
4,250
1,239
3,011
4,498
4,744
1,317
3,427
4,642
4,771
1, 436
3,335
4,809
4,809
1,483
3,326
5,055
5,674
1,680
3,994
5,338
5,262
1,600
3,662
5,738
5,194
1,671
3,523
5,939
5,137
1,583
3,554
6,271
1929-31=100..
_
do
do
do
do
do
do
do
do
do
WHOLESALE TRADE
Service and limited function wholesalers:*
Estimated sales, total
mil. of dol
Durable goods establishments.
do....
Nondurable goods establishments
do
All wholesalers, estimated inventories* _
do
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
Employment status of noninstitutional population:*
Estimated number 14 years of age and over,
total.
.-thous.- 107, 060 106,020 106,070 106,140 106,200 106, 210 106, 360 106,470 106, 630 106, 760 106,840 106, 940 106, 970
54,110
54,150
54,180
54,060
53,980
Female
do
54, 230 53, 630 53, 660 53, 690 53,730 53, 750 53, 820 53,890
52, 790
52, 790
52, 730
52, 700
52, 650
52,450 52,470 52,460 52, 540 52, 580
Male
do
52, 830 52, 390 52,410
3,410
3,070
2,710
4,470
Armed forces
_
_
do
1,620
2,450
2,220
2,170
2,010
3,850
1,890
1,720
5,240
58, 970
58, 430
57, 790
59,120
58,990
58, 010 53, 890 55,160 56, 450 57,160 58, 930 60,110 59, 750
Civilian labor force, total
..do
16, 440
15, 930
17,020
17,170
17,170
16,290 16, 590 16, 680 17, 270 17,400
Female
do
15, 910 16,000
17, 270
41, 820
41,950
41, 990
41,860
42,100 37, 890 38, 870 39, 860 40, 480 41, 660 42, 710 42, 580 41, 850
Male.
_
do
56. 310
55,390
57,040
57,030
57,050
Employed
do
55, 520 51, 240 52,460 54,120 54, 850 56,360 57,840 57,690
16, 610
16, 610
15, 480
16, 760
16,710
16, 780
15,430
Female
...do
15, 490 15, 780 16,130 16, 260 16, 710 16,890
40, 270
40, 430
37, 990 38, 590 39,650 40, 950 40,980
40, 300
39, 910
Male
d o . . . . 40, 090 35, 750
40, 270
7,900
7,210
6,500
8,620
10,010
6,920
9,140
8, 750
8,170
9,970
7,530
Agricultural employment._
do
6,940
48, 410
49,140
49,100
48, 890
48, 600 44, 300 44, 930 45, 950 45, 970 46,350 47, 870 48, 550
48,300
Nonagricultural employment..
do
2,490
2,330
2,310
2,570
2,060
2,070
1,960
1,930
2,120
2,400
Unemployed
...do
2,270
2,650
2,700
46, 620
47, 460
45, 860
47, 430 46,890 46, 440 45, 840 45,630 44, 210 43, 540 44, 270
45, 600
Not in labor force
do
45, 290
Employees in nonagricultural establishments: !
Unadjusted (U. S. Department of Labor):
40,381 ' 40, 726 i 39, 470
40,175
V 39, 386 36,509 37,469 38,121
40,129
38, 633 39,056 39,265 39,871
Total...
_
do
14, 761
14,967 ' 15, 026 115, 048
p 15,114
14, 731
13,901
14,098 14, 244 14,583
12, 536 13, 206 13,776
Manufacturing
__
do
828
819
'827
815
p826
801
718
827
808
827
807
Mining
do
505
828
1,345
1,976
v 1, 325
1,742
1,260
2,091
2,040
1,808
' 1, 617 ' 1,435
1,517
1,874
Construction
do
2,103
3,962
v 3, 925
3,930
3,873
4,005
' 3, 976
' 3, 933
3,907
3,987
3,919
4,001
3,948
3.917
Transportation and public utilities
do
7,617
7,747
8,259
' 8. 589
' 7, 866
v 7, 838
7,814
7,724
7,505
8,039
7,759
7,918
Trade,...
do
7,749
5,152
5,076
5,134
5,031
v 5, 198
5,155
5,244
5,260
' 5,193
5,160
5,208
5,140
Financial, service, and miscellaneous
do
5,131
5,494
5,369
5,541
5,462
5,270
5,439
' 5,168
p 5,160
5,394
5,313
5,447
5,502
Government
_
do
5,480
Adjusted (Federal Reserve):
40, 061 ' 39, 915 ' 40, 011
39, 957
39, 953 37,057 37,906 38,365 38, 728
39,124 39, 648 39,907
Total.._
do
14, 930 r 14, 989 r 15, 094
15,160 12, 577 13, 247 13, 850 13,992 14,134
14, 655
14,726
Manufacturing
do
14, 203 14,468
830
508
717
824
823
824
'815
'831
Mining
do
823
812
801
815
811
1,456
1,755
' 1, 684
' 1, 560
1,907
1,597
1,708
1,936
1,963
1,385
Construction
do
1,462
1,882
1,837
r
4,005
'3,996
3,
993
4,005
3,939
3,873
3,942
3,967
3,987
3,891
3.990
3,904
Transportation and public utilities
do
3,878
8,039
7,775
7,763
7,980
' 7, 916
' 8, 068
7,697
7,998
7,973
7,950
Trade
_
do
7,757
7,898
7,788
Estimated production workers in manufacturing indus11,882
12,018
12,026 ' 12,212 ' 12, 271 ' 12,269
11,216 11,412 11,554
tries, total (U. S. Dept. of Labor)*
thousands.. 12, 329
10,639 11,130
'6,203
' 6,213
' 6,249
6, 310
6,086
5,713
6,116
5,474
5,583
Durable goods industries
do
4,999
5,829
6,001
4,417
1,506
1,351
1,334
1,433
1,456
1,442
1,476
1,462
1,491
1,320
Iron and steel and their products
do
843
1,268
1,390
Blast furnaces, steel works, and rolling mills
467
480
482
474
445
453
480
480
467
466
470
thousands..!
170
.„. v Preliminary.
' Revised.
eries. Annual estimates of total wholesale sales beginning 1939 are available on p. 32 of the February 1946 Survey and the table on the back cover of the February 1947
*New sei
issue and milonthly figures beginning June 1943 for all series are on p. S-9 of the August 1944 and later issues. For estimates of wholesalers' inventories for 1938-42, see p. 7 of the June
1942 Survey and p. S-2 of the May 1943 issue. Estimates of the labor force have been revised beginning July 1945 (see explanation in the February 1947 Survey) and revision of the
earlier data is in progress; all revisions for these series and data prior to 1946 for the serips on noninstitutional population and persons not in the labor force will be published when revisions are completed. See note marked "*" on p. S-10 regarding the estimates of production workers in manufacturing industries.
t Revised series. See note marked " t " on P- S-8 regarding revisions in the indexes of department store sales. Revised data for 1919-45 for the index of department store stocks
are shown on p. 24 of the August 1946 Survey. The estimates of employees in nonagricultural establishments have been revised back to 1929; unadjusted data for 1929-42 for manufacturing and the total and for 1929-43 for other series are available on p. 24 of the July 1945 Survey and 1943-45 revisions for manufacturing and the total are shown on p. 32 of the
February 1947 issue; January 1939-June 1945 data for the adjusted series for manufacturing and the total will be published later; data beginning March 1943 for the other adjusted
series are correct as published in the June 1944 Survey and later issues and data back to 1939 will be published also for these series.
8-10
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
February
1947
April 1947
1946
February-
March
April
May
June
July
1947
August
September
October
Novem- December
ber
January
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Estimated production workers in manufacturing*—Con.
Durable goods industries—Continued.
575
348
367
445
485
501
507
Electrical machinery
thousands..
526
543
558
575
' 575
568
1,138
880
948
833
988
1,011
1,027
Machinery, except electrical..
do
1,051
1,089
1,117
•1,127
1,070
1,107
314
344
295
345
348
352
357
Machinery and machine-shop products
do
363
370
380
378
381
57
58
59
60
59
59
61
Machine tools§-do
62
62
60
60
'61
744
447
'415
651
623
668
699
728
745
760
'722
Automobiles
do
'742
••733
457
459
'467
473
486
462
459
451
440
•"439
'456
Transportation equipment, exc. automobiles.-do
447
456
117
118
124
121
126
129
134
143
140
145
Aircraft and parts (excluding engines)!
do
146
145
21
22
26
26
26
27
28
29
28
Aircraft engines!-..
—
-do
29
29
30
228
219
213
193
183
174
158
134
139
Shipbuilding and boatbuilding!
do
134
143
142
417
291
316
337
347
365
392
378
402
Nonferrous metals and products
do
396
406
••411
'412
642
521
534
558
576
594
628
603
636
Lumber and timber basic products.
do
627
645
639
'640
202
207
215
222
227
237
234
229
Sawmills (incl. logging camps)
do
233
236
229
231
355
361
418
366
365
374
388
393
Furniture and finished lumber products
do
376
388
401
407
'413
152
154
157
157
160
165
167
Furniture.
-do—
161
164
169
172
174
356
367
413
377
378
387
404
411
Stone, clay, and glass products
-do—
411
390
407
412
'414
5,566
5,640
6,019
5,656
5,633
5,699
5,881
5,910 '6,009
Nondurable goods industries
do—
5,725
5,932
'6,020
6,058
Textile-mill products and other fiber manufactures
1, 254
1,176
1,183
1,185
1,157
1,199
thousands. 1,183
1,197
1,212
1,224
1,252
' 1, 252
1,240
437
443
443
448
Cotton manufacturing, except small wares.-do
445
456
452
469
460
470
465
442
91
90
92
Silk and rayon goods
do—
91
93
94
96
95
95
Woolen and worsted manufactures (except dyeing
154
1S8
159
159
and finishing)
.__
thousands..
160
155
160
161
164
156
163
162
1,135
993
1,016
1,018
1,013
Apparel and other finished textile products.-do
1,031
1,001
1,008
1,085
1,099
1,049
'1.111
1,083
187
190
191
192
195
Men's clothing..do—
192
197
197
200
206
206
204
214
219
218
213
213
Women's clothing
do—
196
217
212
217
211
214
209
368
348
355
356
356
358
Leather and leather products
do—
355
355
354
352
360
'365
354
187
192
193
193
194
193
Boots and shoes
do___
194
191
190
195
200
192
1,045
"I~042
1,034
1,023
1,009
1,017
1,102
Food and kindred products
do...
1,157
1,166
1,074
1,121
' 1,080
1,123
253
255
247
239
234
234
Baking
_do___
241
237
241
253
249
249
85
92
95
90
111
184
Canning and preserving
-do...
••245
207
173
95
132
'116
147
139
136
151
128
123
Slaughtering and meat packing
do.__
95
138
84
154
139
151
82
85
85
81
86
85
Tobacco manufactures
..do...
86
87
89
89
91
92
383
353
357
359
348
364
361
Paper and allied products
do...
366
368
372
383
' 381
••380
162
164
165
160
168
166
Paper and pulp
do._.
168
168
168
'172
172
'171
"403
372
374
375
367
379
383
Printing, publishing, and allied industries
do.__
384
386
394
403
'400
399
127
128
129
125
130
130
Newspapers and periodicals
do...
131
132
134
137
135
135
154
154
153
153
156
160
Printing, book and job
do—
158
159
163
166
166
165
494
510
493
481
491
476
472
Chemicals and allied products
do.._
475
484
491
504
' 508
501
115
118
117
115
118
117
117
Chemicals
do—
117
118
123
124
121
145
146
145
142
149
151
152
Products of petroleum and coal
...do...
152
151
150
151
150
97
99
96
100
97
98
100
Petroleum refining
do—
99
100
99
99
98
225
"246
214
218
220
220
221
227
Rubber products
do...
233
248
245
' 246
240
106
101
104
104
105
103
Rubber tires and inner tubes
-do
107
112
112
111
110
Production workers, unadjusted index, all manufactur150. 5
129.9
121.9
136.9
135.
139.3
ing (U. S. Dept. of Labor)t
..1939=100
141.0
146.7
145.0
146.8
149.1 ' 149. 8 ' 149. 8
174.7
138.4
154.6
122.6
151.6
Durable goods industries
do
158.2
161.4
168.5
166.2
169.4
' 171.8 r 172. 1 ' 173.1
151.9
133.1
127.9
85.0
134.5
Iron and steel and their products
do.
136.2
140.2
146.9
144.5
145.5
150.4
147.4
148.9
Blast furnaces, steel works, and rolling mills
43.7
120.3
119.9
114.7
116.6
1939=100.
120.9
123.6
123.6
120.2
123.5
121.
124.0
221.9
134.2
141. 5
171.5
187.3
193.3
Electrical machinery
do.
195.
202.
209.4
215.2
' 222.0
219.2
222.0
215.4
157.2
166.5
187.0
191.3
Machinery, except electrical
do
179.3
194.4
199.0
202.5
206.5
209.5
211.3
213. 2
145.
155.1
170.6
171.8
Machinery and machine-shop products
do..170.0
176.2
173.7
179.5
183.0
188.3
186.7
187.6
159.5
156.4
161.1
161.9
167.5
Machine tools§
...do...
162.3
161.5
169.2
169.2
163.2
' 164. 6 ' 165.3
103.0
111.2
185.0
180.
161.8
166.1
Automobiles
do
173.6
154.8
188.8
185.2
' 184. 5 ' 182.3 • 179.4
294.4
289.3
284.0
298.1
290.8
Transportation equipment, exc. automobiles-do
289.1
306.4
276.3
287.7
277.2
287.2
281.6
' 287.1
338.3
296.2
294.4
311.2
316.3
Aircraft and parts (excluding engines)!
do...
324.2
303.9
351.6
360.9
364.
364. 8
368.8
309.3
239.0
252.2
294.0
292.3
Aircraft engines!
do._.
298.3
293.1
310.5
321.
334. 7
329.8 ' 326. 2
228.6
328.7
315.7
279.0
264.6
Shipbuilding and boatbuilding!-.
___do...
251.2
306.9
200.
193.3
193.2
206.2
205. 2
170. 9
126.8
137.9
181.9
151.4
159.0
Nonferrous metals and products
do...
165. 0
146.
172.9
175.4
177.2 ' 179.1 '179.9
149.4
124.0
127.0
152.
137.0
141.3
Lumber and timber basic products
do...
143.4
132.6
149.2
151.2
152.0
153.5 '152.3
82.2
78.
70.2
71.7
Sawmills
do...
79.5
74.7
80.9
77.0
81.3
79.3
81.8
'80.3
118.1
127.4
108.1
Furniture and finished lumber products.
do._.
114.5
109.
111.
114.5
118.2
111.4
119.
' 126.0
122.1
123.9
103.9
95.4
97.0
101.1
Furniture
..do.
98.4
100.6
103.3
98.4
109.1
104.7
106.2
107.8
137.8
140.6
121.4
124.9
Stone, clay, and glass products
do.
132.9
128.4
132.0
138.7
'140.9
128.9
139.
140.
140.0
128.4
131.4
123.1
Nondurable goods industries
do_._
121.4
125.0
' 131.4
123.
124.4
129.5
123.0
132.2
129.0
131. 2
Textile-mill products and other fiber manufactures
109.7
102.8
1939=100.
103.4
103.6
101.
104.8
109.4
' 109. 5
103.
104.7
106.0
107.0
108.4
Cotton manufactures, except small wares,..do
111.7
112.0
111.9
118.7
113.0
112.4
114.2
115.1
116.0
118.4
117.5
110.4
Silk and rayon goods
do.
75.4
75.0
75.7
79.5
76.6
78.3
75.9
77.2
77.6
79.1
79.8
74.4
Woolen and worsted manufactures (except dyeing
and finishing)
___
...1939= 100.
103.1
105.9
106.7
106.6
107.3
109.2
103.9
104.4
107.0
107.5
108.7
110. 2
Apparel and other finished textile products..-do...
143.8
125.8
128.6
128.3
128.
130.6
126.
132.9
135.
137. 4
' 140.7
137.2
139. 2
Men's clothing.
do
85.3
86.8
87.
87.8
89.4
87.
90.
90.
94.0
93.4
91.
94.0
Women's clothing
do.
78.
80.4
80.
78.
78.3
72.1
77.9
79.
78.7
76.9
79.9
77.7
106.2
Leather and leather products
do.
100.4
102.4
102.
102.6
103.1
102.3
102.0
102.4
' 105. 2
102.1
101.5
103.6
Boots and shoes
____do
85.8
87.9
88.
88.4
89.1
88.6
87.8
88.8
91.5
'87.0
87.3
'90.7
"121.9
Food and kindred products
do.
122.2
121.0
119.
118.1
119.0
129.0
136.5
135.4
' 126.4
131.4
125.7
131.2
Baking
do
109.
110.
107.
103.5
101.5
101.4
102.
104.6
107.9
107.9
104.6
106. 2
Canning and preserving
do.
66.6
63.
68.
70.4
82.8
136.8
153.5
182.2
70.3
98.1
128.9
'86.2
Slaughtering and meat packing
do
125. 5
122.0
115.
112.9
106.5
102.4
114.8
78.6
127.7
115.3
70.0
125.0
95.6
Tobacco manufactures
do
87.3
87.
90.
91.2
92.1
91.
90.
93.5
'95.8
95.8
98.3
97.6
Paper and allied products.-.
...do
144.1
131.0
132.
134.
135.3
137,3
135.9
138.6
' 144. 2
140.2
144.3
137.8
' 143. 3
Paper and pulp
...do...
116.3
117.
119.
120.0
121.9
120.9
122.0
125.2
122.0
' 125. 0
122.1
' 124.1
Printing, publishing, and allied industries--.do...
123.
112.1
113.
114.
114.3
115.7
116.8
117.6
'
122.1
120.1
122.8
117.0
121.6
Newspapers and periodicals!
do.
105.3
107.
108.
109.0
109.
109.6
111.0
114.0
112.8
115.2
110.4
113.7
120.9
122.
Printing, book and job$._.
.do.
122.2
121.3
123.8
126.3
125.8
131.5
128.9
131.6
125.0
130.6
170.3
171
Chemicals and allied products
do.
177.
170.
166.8
165.1
163.7
167.9
170.5
174.9
164.9
173.7
' 176.3
Chemicals
_
do.
167. 5
169.0
165.1
165.
169.6
168.
167.6
169.8
176.7
168.5
173.3
178.6
Products of petroleum and coal
do.
136.9
140.6
142.2
130.8
136.
142.7
143.8
138.2
142.8
142.1
143.4
142.6
141.3
Petroleum refining
do.
134.4
136.1
132.3
133.
137.
137.0
133.7
136.
136.4
137.4
136.0
135.0
Rubber products
do. ._
182.7
186.1
177.1
203.
181.
180.2
192.8
198.
204.7
182.0
187.5
202.9
' 203. 5
193.4
195.8
Rubber tires and inner tubes
do_-_
187.3
191.6
183.1
197.0
204.0
207.2
189.9
207.0
192.8
204.3
IData beginning August 1942 are available in the November 1943 Survey; earlier data will be published later.
' Revised.
§For 1941-43 data for shipbuilding see p. 19 of December 1944 Survey and for 1939-44 data for aircraft and aircraft engines, p. 20 of the August 1945 issue. For data for December
1941-July 1942 for machine tools, see note marked "f" on p. S-10 of the November 1943 Survey.
•New series. Estimates of production workers for 1929-43 for all manufacturing, total durable goods, total nondurable goods, and the industry groups are shown on p. 22 of December 1945 Survey and data for January 1944-February 1945 are on p. 24 of July 1946 issue; data beginning October 1941 for the individual industries are available on pp. S-8 and S-9.
of the December 1942 and later issues (except as indicated in note marked " § " above) and data back to 1939 will be shown later.
fRevised series. The indexes of production-worker employment and pay rolls (pp. S-12 and S-13) have been completely revised; for 1939-41 data for the individual industries
(except as indicated in note marked "§") and 1939-40 data for the unadjusted series for all manufacturing, total durable goods and total nondurable goods industries, and the industry
groups, see pp. 23-24 of the December 1942 Survey; for 1941 data for the totals and the industry groups see p. 28 of the March} 1943 issue, for 1942-43, p. 20 of the October 1945 issue
and for January 1944-February 1945, p. 24 of the July 1946 issue; all revisions through February 1945 for the adjusted indexes (p. S-ll) will be shown later.
April 1947
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
February
S-ll
1946
1947
February
March
April
May
June
July
1947
August
September
October
Novem- December
ber
January
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMP LO YM ENT—C ontinued
Production workers, adjusted index, all manufacturing
(Federal Reserve)!
1939—100
Durable goods industries!
.
do
do
Nondurable goods industries!
Nonmanufacturing, unadjusted (U. S. Dept. of Labor):
Mining:!
Anthracite
1939=100
Bituminous coal
_ do
Metalliferous
do
Quarrying and nonmetallic
do
Crude petroleum and natural gas!
do
Public utilities:!
Electric light and power
do
Street railways and busses . _
do
Telegraph
do
Telephone.. . _
do
Services:!
Dyeing and cleaning . _ _
do
Power laundries
do
Year-round hotels
do
Trade:
Retail, total!do
Food*
do
General merchandising!
._ ..do- .
Wholesale!
do
Water transportation*
do
Miscellaneous employment data:
Federal and State highways, totalj.
. . number
Construction (Federal and State)
..do....
Maintenance (State)
. _
__ _ do
Federal civilian employees:*}
United States
thoiisands_.
do
District of Columbia
Railway employees (class I steam railways):
Total
. .
thousands
Indexes: Unadjusted!
. . 1935-39=100
do
Adjusted!
r
v 151. 0
v 175.0
v 132 1
122.4
122.9
122.0
130.3
138.6
123.7
136.6
151.6
124.7
138.0
154.6
124,8
139.6
158.1
125.0
140.6
161.2
' 124. 4
143.8
165.9
126.5
145.9
168.3
128.2
146.4
169.3
128.4
148.7
' 171.7
130.5
' 149. 5
' 172.1
131.6
90.7
87 3
81.1
92.0
67.5
84.3
91.0
81.7
93.9
65.5
88.8
90.8
81.4
20.3
62.9
93.8
91.8
81.0
66.9
67.7
95.7
92.8
79.0
89.6
74.4
98.9
94.2
81.4
89.5
78.0
101.2
95.4
82.0
90.8
82.5
103.2
95.5
82.2
90.5
83.5
102.5
93.9
83.2
90.1
83.9
101.7
93.4
82.9
90.0
85.2
101.2
93.0
83.5
88.1
' 86. 2
'99.7
92.6
83.4
'90.8
'87.2
96.9
92.1
94.7
125.7
124.7
153.7
96.4
126.1
123.2
158.6
97.7
127.0
119.8
163.5
98.6
127.6
113.5
167.6
99.9
128.7
112.1
171.7
101.2
128.9
112.4
177.7
101.9
130.2
111.9
181.1
101.9
129.9
112.0
181.0
102.0
130.3
110.3
181.6
102.5
130.6
108.7
183.4
103.0
130.1
107 4
184 6
' 102. 5
' 130.6
104 6
r
185. 4
121. 5
109.0
118.7
124.3
109.6
119.3
130.3
110.0
118.9
129.6
110.7
119.9
131.6
112.3
119.9
130.0
113.6
119.1
124.5
111.6
119.3
125.6
109.9
119.5
126.1
110.1
120.6
123.0
109.9
120.2
120.9
110 9
119 1
' 118.2
111 0
r
117 3
104.3
106.8
114.6
105.5
316.9
106.0
106.9
118.6
106.6
297.8
109.0
106.3
125.3
106.7
275.3
107.2
105.0
121.9
106.0
250.6
107.2
103.5
121.0
106.9
229.0
106.2
101.3
117.7
107.5
228.2
106.6
103.6
117.4
109.1
225.9
109.8
103.5
125.4
109.4
117.2
108.6
144.8
112.7
0)
112.2
103.7
132.4
110. 7
i 199. 2
126 5
111.8
171.1
114 4
112 0
108. 5
125.9
112.2
142, 074
16, 277
95, 596
150,013
21, 000
97,814
165, 762
31,871
100, 683
184,179
45, 084
104, 445
205,161
59, 001
110, 537
225,184
73, 766
114, 717
237, 601
82, 384
117,543
236,644
88,473
110,940
235,045
87,889
110, 363
220, 879
75, 850
108, 328
198, 097
56, 289
104 901
186,449
45, 094
104,914
p 1,966
v 219|
2,402
236
2,379
237
2,394
238
2,360
236
2,299
235
2,282
235
2, 232
233
2,154
226
2,119
225
2,018
224
' 1, 981
221
' 1, 973
r
220
1 354
129 8
v 133.1
1,393
133.9
137.3
1,397
134.1
137.5
1,375
131.9
134.0
1,334
128.1
128.6
1,358
130.4
128.6
1,378
132.2
129.5
1,400
134.3
131.6
1,392
133.6
130.4
1,405
134.9
130.5
1,412
135.4
134.3
1 383
' 132 5
' 134.6
p 1 363
v 130 7
p 135.9
103 0
129.8
185 5
116 9
109 3
117 0
me'
110 1
111 5
p
p
150 3
' 173.4
' 132.1
r
LABOR CONDITIONS
Average weekly hours per worker:
40.4
39.2
40.4
39.3
40.7
40.1
40.0
39.8
40.0
40.4
Natl. Indus. Conf. Bd. (25 mfg. industries)... .hours..
40.8
40.4
40.5
40.5
40.5
39.7
40.5
40.3
40.2
40.7
40.0
39.7
U. S. Dept. of Labor, all manufacturing!
do
'40.5
40.9
M0.2
39.3
40.7
40.4
40.5
40.3
40.0
Durable goods industries*-.. . . .
.
do
40.6
39.8
39.3
40.2
'40.5
40.8
P40.2
38.4
40.3
39.9
39.9
39.7
39.1
40.0
38.8
38.5
Iron and steel and their products*
_ . .do
40.0
40.1
39.8
Blast furnaces, steel works, and rolling
38.7
30.4
37.5
35.8
38.2
37.9
36.4
38.0
38.2
36.0
mills*
_
38.8
37.0
hours
40.2
40.7
40.3
38.9
40.6
40.5
40.3
39.4
40.8
39.8
40.6
Electrical machinery*
41.1
__do
41.5
41.4
41.5
40.9
40.4
40.9
41.4
41.7
40.1
41.1
40.9
41.4
Machinery, except electrical*
do
41.6
42.2
40.4
41.2
41.6
41.2
42.3
41.7
41.1
41.8
40.7
Machinery and machine-shop products* . d o . . . .
41.8
43.3
42.6
41.6
42.2
41.3
42.0
41.9
42.6
42.2
43.6
'42.3
'42.8
..do...
Machine tools*
36.3
38.5
38.9
34.5
37.4
39.2
38.8
36.6
37.0
37.8
' 38.6
'39.4
do
Automobiles*. . . .
39.5
39.7
40.0
40.3
39.9
39.3
38.4
39.0
40.0
39.1
38.8
40.7
Transportation equipment, except autos* ..do ._
40.6
39.9
41.3
40.7
40.4
40.7
40.6
39.6
40.4
40.8
41.0
40.0
Aircraft and parts (excluding engines)*. do
41.4
42.1
41.3
41.9
'37.2
41.4
42.1
41.9
41.8
41.6
40.6
41.9
Aircraft engines*
do
37.7
39.9
35.7
37.3
38.5
37.6
38.4
38.0
35.7
40.0
Shipbuilding and boatbuilding*
38.8
38.1
..do .
40.9
40.7
'40.9
43.2
42.2
41.1
40.9
40.8
'41.6
41.1
41.8
40.0
do
Nonferrous metals and products*
41.9
40.7
41.4
41.3
40.9
39.1
41.8
40.6
'41.7
41.1
41.5
Lumber and timber basic products*
40.1
do
41.5
40.1
41.4
41.1
41.2
39.4
40.5
40.4
40.2
38.9
'41.1
Sawmills (incl. logging camps)*
-do...
40.8
41.7
42.2
42.2
41.3
41.9
42.5
42.3
41.8
41.7
42.3
41.0
41.8
Furniture and finished lumber products* . do
41.4
41.6
41.3
41.7
41.6
41.8
41.4
42.2
42.1
41.4
40.6
Furniture*
-do .
42.1
40.4
40.6
41.3
40.5
41.0
40.2
40.4
39.5
40.7
40.3
do
41.6
Stone, clay, and glass products*.
41.1
40.6
40.2
do
40.6
40.5
40.3
'40.3
41.1
Nondurable goods industries*. . . .
40.9
40.9
40.2
P40.2
40.1
40.1
Textile-mill products and other fiber manufac40.5
40.9
40.2
40.3
40.0
40.2
40.5
40.4
40.1
tures*,
hours
39.8
40.0
39.6
40.6
39.9
40.9
39.3
40.3
40.0
39.8
39.5
39.4
39.8
39.8
Cotton manufactures, except small wares * do
39.8
41.1
41.6
41.8
41.3
40.4
41.1
41.5
41.3
41.4
41.6
Silk and rayon goods*.
40.7
do
40.8
Woolen and worsted manufactures (exce pt dye41.3
41.3
41.4
41.4
40.9
41.6
41.1
40.9
41.1
40.5
41.1
40.1
ing and finishing)*-..hours—
36.7
37.0
36.8
37.5
37.2
37.0
36.9
36.5
36.9
37.1
36.0
36.6
Apparel and other finished textile products * do
37.5
38.0
37.7
37.7
37.5
Men's clothing*
37 5
37.7
37 6
36.2
37.8
36.8
38.1
do
35.6
35.3
do
35.5
37.3
36.5
36.4
36.4
'34.9
Women's clothing*
36.1
35.4
35.8
35.8
39.2
' 39.1
37.5
38.2
40.4
40.5
38.2
37.8
37.1
39.6
39.3
Leather and leather products*
__do
40.8
39.1
36.9
36.9
37.9
36.3
40.2
40.5
40.6
39.6
Boots and shoes* .
do
39.0
37.8
38.8
43.6
44.4
42.4
43.7
'42.9
42 9
43.0
44.3
42.8
42 4
42.3
Food and kindred products*
43.8
do
43.9
45.3
43.6
do
44.5
44.0
45.1
44.2
45.0
Baking*.
45.0
45.1
43.9
44.8
37.6
38.8
41.7
'37.3
42.3
43.5
39.2
43.2
Canning and preserving*
do
39.5
39.6
40.2
40.0
47.6
46.4
43.4
37.5
44.9
35.9
Slaughtering and meat packing*. _
do
46.1
40.6
40.1
40.6
39.3
43.0
40.2
39.3
40.3
38.6
39.5
39.7
39.2
39.1
Tobacco manufactures*.
39.7
39.5
do
40.0
43.2
'43.7
43.4
43.3
43.4
43.0
43.9
43.5
42.9
43.1
Paper and allied products*..
. .
43.9
42.8
do
'44.6
44.4
'44.4
44.4
44.5
45.2
43.8
44.7
44.4
Paper and pulp*
43.8
43.7
43.8
do
41.0
'41.5
41.1
41.0
41.0
41.2
40.2
40.8
Printing, publishing, and allied industries * do
40.8
41.0
40.4
40.5
39.1
'39.3
39.3
'39.3
38.4
38.7
39.4
38.6
38.4
37.9
37.9
Newspapers and periodicals*.
do
38.1
42.6
41.8
41.7
41.9
42.2
41.4
41.5
41.8
42.0
42.7
41.6
Printing, book and job*-. .
42.0
do
41.6
41.4
41.3
41.3
40.8
40.9
40.7
41.7
41.6
41.4
40.7
40.5
Chemicals and allied products*
do
41.3
41.2
41.4
41.1
41.1
41.5
41.5
40.7
41.5
41.1
41.7
Chemicals*
..do....
40.8
' Revised. * Preliminary. * For October 1946, data relate to the end of the preceding month; data for the week ending nearest September 15th are not available.
t Total includes state engineering, supervisory and administrative employees not shown separately.
1 United States totals beginning August 1945 include approximately 53,000 clerks at third-class post offices and substitute rural carriers not reported previously; see also note in July
1944 Survey regarding changes in the data beginning in 1943. December figures do not include excess temporary post office substitutes employed only at Christmas.
* New series. Indexes beginning 1939 for employment in retail food establishments and beginning 1940 for water transportation are shown on p.31 of the June 1943 Survey. Data
beginning 1939 for all series on average hours will be published later; the series for individual nondurable goods industries, sawmills and furniture have not been shown in the Survey,
prior to the March 1947 issue; data beginning March 1942 for other series except aircraft engines, and beginning March 1944 for this series, are available in previous issues of the Survey
! Revised series. Revisions for 1939 through February 1945 for the adjusted indexes of employment in manufacturing industries will be shown later. Data for 1937-43 for the index
of employment and pay rolls in the telephone industry are on p. 20 of the May 1945 Survey and data for 1937-43 for the telegraph industry are on p. 23 of the August 1946 issue; data
for 1939-41 for the other Department of Labor series on nonmanufacturing employment and pay rolls are on p. 31 of the June 1943 Survey. The index of railway employees has been
shown on a revised basis beginning in the May 1943 Survey; earlier revisions will be published later. Data beginning January 1942 for the series on average weekly hours in all manufacturing industries are available in the March 1943 and later issues of the Survey; revised data prior to 1942 have not been published in the Survey and will be shown in a later issue.
SUEVEY OF CUEKENT BUSINESS
S-12
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement t o the Survey
1946
1947
February
April 1947
February
March
April
May
June
July
1947
SepAugust tember
October
Novem- Decem- Januber
ber
ary
EMPLOYMENT CONDITIONS AND WAGES—Continued
LABOR CONDITIONS—Continued
Average weekly hours per worker—Continued
U. S. Dept. of Labor, all manufacturing—Continued
%_ Nondurable goods industries—Continued
Products of petroleum and coal* . .
hours..
Petroleum refining*
do
Rubber products*
do
Rubber tires and inner tubes*
-do
Nonmanufacturing industries (TJ. S. Dept. of Labor):*
Building construction
hours .
Mining:
Anthracite
.do
Bituminous coal
Quarrying and nonmetallic _
Crude petroleum and natural gas
Metlaliferous
do
_ -do
do
do
Public utilities:
Electric light and power
do
Street railways and busses
do
Telegraph
do
Telephone
do
Services:
Dyeing and cleaning
do
Power laundries
do
Trade:
Retail .
do
Wholesale
do
Industrial disputes (strikes and lockouts): •
Beginning in month:
Work stoppages.
number..
Workers involved.
thousands._
In effect during month:
Work stoppages
.number..
Workers involved
thousands
Man-days idle during month
. _
.do _ P
U. S. Employment Service placement activities:
Nonagricultural placements!
thousands
Unemployment compensation (Social Security Board):
P290
41.6
40.8
40.8
38.7
40.8
40.3
40.8
38.7
40.0
39.8
40.3
38.6
39.3
39.8
39.4
37.7
39.6
39.5
39.3
37.4
40.0
39.7
39.2
38.0
40.3
40.0
39.4
37.4
40.4
40.2
40.6
39.6
40.4
40.2
39.4
38.2
40.3
40.0
'40.0
39.0
40.1
40.4
'41.1
40.0
40.2
40.0
40.7
39.7
37.3
37.5
38.2
37.5
38.2
38.2
38.2
38.7
38.8
37.2
38.4
P37.6
41.2
45.5
36.8
44.1
40.7
41.0
45.9
41.0
45.1
40.8
38.6
26.4
42.0
46.3
40.7
41.7
27.3
39.2
44.3
40.7
38.2
43.4
40.8
45.7
39.5
31.7
36.0
39.6
45.4
40.4
37.9
42.8
40.9
46.5
40.9
37.7
41.8
40.6
46.1
39.9
39.2
42.9
41.0
46.1
41.2
35.7
41.7
'39.9
45.4
'40.4
40.7
46.7
42.2
'45.8
'39.5
39.4
46.7
41.9
43.3
41.3
42.4
49.2
44 1
40 7
41.6
49.4
43 7
40.2
41.6
49.0
43 8
39.5
41.3
49.2
44.2
39.4
40.9
49.3
44.5
39.3
41.5
48.4
45.2
39.7
41.6
48.6
45.4
39.3
41.0
47.5
44.8
38.5
41.9
47.7
44.4
39.1
41.6
47.3
43.5
39.3
41.4
47.9
43.2
38.0
41.9
47.7
43.8
38.5
42 5
43 3
43.4
43.5
44 0
43.5
42.9
43.1
43.8
43.3
43.2
43.4
42.6
43.0
42.9
42.9
42.2
43.0
41.9
42.6
42.8
43.5
42.3
43.3
40 5
41.9
40.5
41.9
40 4
41.8
40.3
41.7
40.9
41.4
41.3
41.4
41.3
41.7
40.9
41.8
40.1
41.9
'39.7
41.6
40.2
42.3
39.9
41.5
'290
' 134
'440
'147
'504
'566
'376
'569
r
388
'181
'563
'228
'560
'227
'499
'356
'516
'307
'344
' 435
'168
'76
v 100
'758
'455
' 4, 580
'910
'408
' 3,970
'965
'425
' 3, 900
'853
'499
' 4,880
'848
'467
' 6, 220
'677
'707
' 4, 980
'402
'500
' 3,130
p 150
p 1,250
479
530
522
532
547
440
358
366
620
3,491
'909
' 4,119
1,011
4,982
'698
'768
'827
'515
p 145 ' 1 500 '1,010 ' 1,180 ' 1, 510
1,225 ' 22, 900 ' 13, 800 '14,300 ' 13, 700
P460
348
359
421
i 731
774
Initial claims*
thousands
946
Continued claims©.
. d o . . . 1 4,487
7,464
7,327
Benefit payments:
1910
1,592
Beneficiaries, weekly average
-do . .
1,621
Amount of payments
.thous. of dol_. i 65, 910 120, 727 127,013
Veterans' unemployment allowances:*
444
Initial claims.
..thousands
801
980
Continued claims
do
4,465
7,353
5,853
21,147
Number receiving allowances, weekly average.-do
1,507
1,071
Amount of payments
thous. of dol
88, 364 112,195 148,958
Labor turn-over in manufacturing establishments:^
Accession rate
monthlv rate r>er 100 emDlovees
7.1
6.8
Separation rate, total
do
63
6.6
Discharges
-do __
.4
.5
Lay-offs
do
17
1.8
Quits
do
4.2
3 9
.2
.2
Military and miscellaneous
do
PAY ROLLS
Production-workers pay rolls, unadjusted index, all
461
457
P290
P460
1,120
6,486
761
5,395
699
5,504
541
4,604
580
3,895
682
4,141
1.315
1,402
110, 672 103, 889
1,174
92, 982
1,069
88,480
980
78,047
839
63, 216
'765
' 64,433
'710
' 54, 097
748
59, 370
893
74, 755
602
449
7,147
6.128
2 1, 650 2 1, 304
148,016 124,082
413
4,900
»1,019
100,380
405
3,743
2 877
74, 421
583
4,345
2 935
81,964
638
5,195
2 1,168
106, 586
7.1
6.9
.4
1.0
5.3
.2
6.8
6.3
.4
1.0
4.7
.2
980
6,649
690
7,685
1,626
160,071
741
7,690
2 1, 783
155,175
6.7
6.3
6.1
6.3
.4
1.5
4.2
.2
.4
14
4.3
.2
602
657
6,982
7,828
2 1, 744 2 1,720
150,063 152,648
6.7
5.7
.3
1.2
4.0
.2
7.4
5.8
.4
.6
4.6
.2
7.0
6.6
.4
.7
5.3
.2
5.7
4.9
.4
.7
3.7
.1
'4.3
'4.5
.4
.9
'3.0
.1
6.0
4.9
.4
.9
3.5
.1
300.3
' 299. 5
284.1
' 291. 6
286.4
278.3
261.2
232.9
247.8
257.1
manufacturing (U. S. Dept. of Labor) f__ 1939= 100..
249.2
210.5
329.2
' 327. 3
'321.3
313.9
318.5
280.7
307.0
266.6
Durable goods industries
do
267.3
236.8
199.6
287.7
265.5
276.7
263.2
263.2
270.0
238.1
255.8
Iron and steel and their products
do
221.4
231.3
211.7
127.2
231.6
Blast furnaces, steel works, and rolling
208.9
193.9
206.3,
203.2
208.7
191.8
204.0
mills
1939=100175.8
182.0
181.5
193.3
47.6
408.7
414.3
393.1
400.6
365.1
382.7
Electrical machinery
do
338.3
224.1
311.5
333.9
286.1
211.1
384.8
390.0
375.5
362.2
373.5
333.5
348.8
329.5
310.8
Machinery, except electrical"
do
277.9
301.6
255.3
346.7
3142
333.5
348.8
322.3
336.8
299.4
283.5
296.4
Machinery and machine-shop products
do
239.4
258.0
290.1
' 290. 7
' 285. 5
281.4
291.9
270.4
262.3
261.4
259.6
Machine toolst
do
256.8
282.7
258.2
285.5
r 316. 6
306.4
'313.6
307.4
312.3
318.2
282.2
250.5
232.7
Automobiles
do
166.9
241.7
142 4
543.0
550.0
'511.5
504.9
522.4
538.5
537.5
533.0
538.3
Transportation equipment, except autos
do
558.1
491.5
507.0
674.8
683.3
680.4
663.9
681.3
605.6
585.5
640.8
565.9
Aircraft and parts (excluding engines) t
do
553.2
520.7
524.0
541.7
'
533.
7
' 484.3
468.9
507.8
530.2
469.4
498.3
469.2
457 8
Aircraft enginest
do
369 1
384 4
' 399.1
394.2
336.8
421.5
352.5
353. 7
483.4
498.5
468.8
Shipbuilding and boatbuilding^
do
548.5
530.4
555.2
' 343.1
341.5
332. .5
312.4
326.3
292.9
319.6
271.4
287.8
Nonferrous metals and products
do
247.8
228 7
264 9
' 313. 5
315.5
314.5
306.9
306.9
307.1
270.8
261.8
Lumber and timber basic products
do
281.0
234.5
248.2
219.9
163.4
' 163. 6
163.5
168.1
170.8
169.6
151.7
147.2
Sawmills (in cl. logging camps)
do
131.9
158.1
139.8
123 0
269.6
266.9
243.4
252.7
256. 8
239.3
223.5
222.1
212.3
Furniture and finished lumber products
do
214.6
200.4
209.0
233.8
230.7
220.3
209.7
212.1
223.0
194.2
Furniture
do
196.2
188.3
184.3
189.7
176.7
271.9
274.0
267.4
253.2
264.0
259.8
235.7
224.1
235.0
Stone, clay, and glass products.
do
217.2
226.0
204.6
272.0
272.4
255.1
254.9
262.6
250.2
235.4
229.4
234.0
Nondurable goods industries
do
229 2
231 4
221 3
256.3
255.7
242.9
247.9
237.2
214.7
214.8
218.6
231.0
Textile-mill products and other fiber mfrs
do
212.6
215.8
203.7
304.4
301.2
285.4
293.5
275.5
281.7
246.1
Cotton manufactures, exc. small wares
do
244.3
248.2
242.3
246.3
230.0
200.1
197.9
181.4
189.3
191.4
180.9
Silk and rayon goods
do
166.3
166.9
166.8
166.5
163.6
158 3
Woolen and worsted manufactures (except dyeing
251.8
253.0
242.7
234.1
243.7
242.7
238.5
237.7
228.6
and
finishing)
_
1939= 100..
234.2
226.9
238.5
308.2
298.3
288.5
288.9
277.5
288.2
263.3
244.7
Apparel and other finished textile products—do
263.5
258.8
263.6
240.2
209.0
210.7
206.7
189.4
186.8
181.2
182.7
174.1
166.8
Men's clothing .
do
175.6
170.0
158.1
159.1
171.9
154.2
170.5
141.3
169.8
163.1
176.0
Women's clothing
do
159.0
172.6
169.6
153.3
216.8
219.0
198.2
203.3
198.1
'200.0
203.4
197.3
203.1
Leather and leather products
do
202.1
203.9
194.5
194.7
197.5
175.4
177.6
175.4
182.4
177.6
184.6
183.0
Boots and shoes
do
182.7
185.3
174 1
252.4
259.2
248.1
228.6
201.9
231.5
250.3
242.7
205.4
205.0
Food and kindred products
do
206.6
211.5
209.0
201.1
199.0
184.1
187.5
190.8
Baking.
do
168.8
178.5
170.8
179.3
181.2
182.8
' 201.1
158.2
212.9
387.4
466.8
324.7
181.9
325.8
149.8
149.2
Canning and preserving
do
132.1
136 6
267.5
236.9
215.7
110.5
179.9
202.3
118.2
181.4
167.4
191.1
Slaughtering and meatpacking
do
180.9
199.4
' Revised. {See note marked " § " on p . S-10. G Small revisions in the data for January 1940 to May 1944 are available on request, * Partly estimated, v Preliminary.
2
Continued claims filed during week ended the last Saturday of the month: average number receiving payment has been discontinued.
• The series for "in effect during the month" continue data published in the Survey through the July 1944 issue. They include data for stoppages beginning in the month and
those continuing from previous months; data for 1944-45 are shown on p . 23 of December 1946 Survey. Revised January 1946 figures for all series: Beginning in month—work stoppages, 337; workers involved, 1,370; in effect during month—work stoppages, 502; workers involved, 1,740; man-da\s idle during month, 19,700.
cf Rates refer to all employes rather than to wage earners and are therefore not strictly comparable with data prior to 1943 published in the Survey.
*New series. Data on average hours for the telephone industry for 1937-43 are on p. 20 of the May 1945 Survey (see note for hours and earnings in the telephone industry at the
bottom of p. S-13 of April 1946 Survey regarding a change in this series in April 1945) and data for the telegraph industry beginning June 1943 (the earliest available) are given in note on
p S-ll of the January 1945 issue; data beginning March 1942 for all other series on average hours are available in the May 1943 Survey and data back to 1939 will be published later.
The new series on veterans' unemployment allowances relate to readjustment allowances payable under the Servicemen's Readjustment Act of 1944; data beginning September 1944
for these series and beginning 1939 for initial unemployment compensation claims will be shown later (see note in April 1946 Survey for definition of initial claims).
fRevised series. Data beginning June 1942 for nonagricultural placements are available in the August 1943 Survey; earlier data will be published later. For information regarding
the revised indexes of production-worker pay rolls in manufacturing industries, see note marked " t " on p . S-10.
April 1947
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
February
1947
S-13
1947
1946
February
March
April
May
June
July
August
September
October
Novem- December
ber
January
EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS—Continued
Production-workers pay rolls, mfg. unadj.!—Con.
Nondurable goods industries—Continued
Tobacco manufactures
.
1939—100
Paper and allied products
do
Paper and pulp
_. _ _.
do
Printing, publishing, and allied industries ...do
Newspapers and periodicals*
do
Printing, book and job*
- . .
do
Chemicals and allied products
do
Chemicals
... do
Products of petroleum and coal
do
Petroleum refining
do
Rubber products
do
Rubber tires and inner tubes
do
Nonmanufacturing, unadjusted (U. S. Dept. of Labor):
Mining:!
Anthracite
.
. . . .
1939—100
Bituminous coal
_
do
Metalliferous
__do
Quarrying and nonmetallic
do
Crude petroleum and natural gas!
do
Public utilities:!
Electric light and power
do
Street railways and busses
.
do
Telegraph
...
do
Telephone
do
Services:!
Dyeing and cleaning .
do
Power laundries
.
do
Year-round hotels..
do
Trade:
Retail, total!
. do .
Food*
do . .
General merchandising!
do
Wholesale!
do
Water transportation*
do
212.7
273.9
240. 3
205.5
182. 0
227.9
311.8
301.3
24,. 7
226.9
385.1
360.3
222.0
281.7
' 244. 9
214.9
189.7
239.4
322.1
313.4
246.6
233.2
402.3
371.5
209.4
2^1.6
245.6
210.7
185.2
235. 2
3^6.9
321.0
249.0
230. 5
396.3
363 7
199.9
237 1
148.0
227.6
150.1
182.3
233.1
146.9
222.4
' 155. 0
212. 3
258 3
159. 3
' 221. 9
r
147.9
188.9
251.2
159.7
204.8
152.6
153.3
207.9
177.3
265.0
155.3
212.6
201.7
269.2
157.6
210.9
194.2
273. 0
161.6
213.6
190.5
264.5
159.5
216.6
189.1
266.9
216.9
188.4
208.9
225.6
188.7
209.5
225.7
189.8
214.5
217.0
191.5
218.5
213.8
201.8
215.1
172.6
171.5
187.1
174.5
490.1
174.6
177.2
188.1
177.3
478.8
180.8
173.5
199.0
182.8
182. 5
174 6
204.8
184 5
1
422. 6
'191.7
r
185. 7
225.0
189 7
219.5
201.0
218.8
211.1
194.6
272.4
197 2
187.7
189 4
213.4
189 7
47.20
43. 31
46.32
46.74
47.64
43.38
46.24
46.80
48.74
44.99
48.02
48.78
49.14
45.39
48.36
49.29
49.79
45.73
48.90
49 86
50.14
' 45. 79
'r 48. 62
49.91
' 50. 30
46.86
' 49. 46
'49 67
51.24
' 46.94
' 49. 47
50.63
46.98
45.72
50.04
49.70
53 86
49.32
53 32
52. 55
55 91
53.99
47 61
37.62
36.56
38. 73
39.31
42.01
40.28
47.85
45. 59
49.76
49.49
52.44
51.15
53.70
53.01
54.72
55.20
46.68
35.60
34.66
38.37
38.80
41.80
40.46
49.84
47.49
50.99
51.15
54.07
53.80
£3.91
53.84
56.08
54.41
48.00
38.78
37.75
40.09
40.85
43.23
41.89
50.28
48.31
51.74
51.05
54.45
53.37
52.65
53.73
56.93
50.91
48.55
38.73
37.69
40.86
41.62
44.03
42.34
50 39
48.28
52 57
51.91
55 61
53.41
54 32
53.81
57 31
53.96
48 92
39.21
37 84
41.73
42 42
44.46
42.45
50.82
' 48. 33
52.06
51.38
r
55 90
' 53. 83
r
52 37
52.53
r
51 06
r
51. 47
37.14
36 37
41.62
42 41
' 44.91
' 42.87
48.59
' 49. 27
' 52.87
52.62
'56 66
' 55. 99
' 55 42
53.53
' 56 89
' 57. 21
' 50 33
' 38. 79
'37 05
' 42. 49
43 04
' 4 5 88
' 44.15
50.96
48.66
53.10
52.99
56 17
54.00
54 58
52.87
56 28
56.98
49 98
39.16
37 52
42.34
43 12
45.43
' 44.33
35 02
34.76
37.00
37.54
38 09
38 38
39 26
39 29
31.75
34.64
31.64
34.94
34.81
37.42
35.35
37.20
35 57
38.67
36.14
38.69
36 85
' 39. 57
37 06
40.16
165.2
226.2
203.6
171.2
148.9
193.9
284.7
272.5
221.3
217.4
292.1
271.9
171 3
233.3
208 1
177.2
154.4
200.0
290.0
276.3
231.0
217 9
302.8
281.1
174.6
235.9
209.9
178.9
157.8
199.9
291.2
282.7
232.7
221.3
324.9
312 9
181.1
237.4
212.7
179.5
160.9
197.0
283.8
277.8
228.2
221.5
327.6
314.2
184.1
244.4
216 7
184.2
162.0
204.6
285.1
283.0
236.0
223.3
337.2
318 3
178.3
243.8
218.4
186.0
163.7
209.1
286.9
289.2
244.3
228.0
327.2
304.3
186 2
253.9
227 8
190.5
168.8
210.4
290.5
288.0
246.3
228.7
343.2
311.2
196.0
257.1
228.0
195.2
175.6
215.8
298.3
289.6
2E0.3
232.7
370.9
348.9
207.4
265.8
234 9
200.3
178.9
220.8
303.5
294.0
245.8
228 2
368.5
346 1
178. 3
222.8
92.8
157.2
142.0
178.5
230 9
102.1
172.6
144.4
165.1
26.0
102.0
192.5
144.0
180.4
97.4
106.4
189.9
145.4
182.7
243 8
126.9
207.7
147.1
156.5
198.4
132.4
213.6
151.3
193.3
241.0
145.2
225.1
152.6
194.0
234.9
147.0
227.9
149.5
138.3
187.2
176.9
230.7
140.4
187.2
177.1
237.0
142.5
191.4
179.5
246.1
144.2
195.2
175.6
254.0
148.4
199.5
174.9
259.9
150.2
206.7
178.6
268.8
152.4
211.2
178.5
267.6
199.1
177.0
199.8
213.4
181.3
201.1
231.0
183. 3
201.1
227.0
186.2
204.6
236.6
190.9
205.0
231.3
193.3
204.9
157.1
161.7
165.5
165.0
577.3
160.9
163.9
173.3
167.5
550.6
167.8
165.7
186.2
169.8
509.0
166.2
166.1
180.5
169.6
486.3
171.3
170.0
188.8
172.6
467.4
43.56
40.58
42.57
42.45
46.44
42.15
44.79
46.80
46.92
42.88
45.71
47.28
46.16
42.51
45.10
45.74
36.75
41.49
47.53
47.91
52.19
43.01
48.09
49.91
53. 43
47.61
47.13
33.52
31 91
36.86
37.46
39.76
39.01
48.93
41.81
48.82
48.29
52.92
46.75
50.51
50. 53
52 80
51.32
46.92
34.88
33.47
37.78
38.46
40.98
39.83
48.57
44.03
48.94
49.26
51.92
48.72
52 50
51. 68
54.08
53.43
47 29
35.34
34.02
38.21
39 16
41.47
40.13
46.16
43.99
48.32
47.86
52.01
48.05
52.09
51.63
55.26
52.79
47 18
36.01
34 71
37.88
38.87
41.00
39.93
33.76
34.69
34.98
34.80
30.14
33.74
31.36
34.74
31.79
35.10
31.58
35.11
41.04
41.29
' 41.81
41.67
41.63
41.18
41.88
42.44
42.40
41.67
42.96
43.10
33.70
34.94
42. 50
36.69
35 99
40.93
41.15
33 18
43.23
31.98
41.15
44.34
36.01
37.04
46.83
37.37
36 67
40.47
41.49
33 71
42.56
32.95
41.97
44.80
35.92
37.50
46.29
37.58
36 97
40.76
41.74
35 48
42.77
32.48
42.03
44.87
35.28
37.68
45.10
37.35
36 77
40.70
41.14
34 64
43.99
33. 52
42.10
45.20
35.23
38.18
44.02
37.34
36 14
41.09
41.42
35 78
43.05
33.83
42.74
45.34
33.83
35.84
42.67
36.46
35 38
43 22
43.81
38 89
48.05
33.24
43.12
46.06
36.48
38.11
47.45
36.74
35.17
44.34
44.63
41 12
48.37
34.16
44.26
47.56
37.25
39.14
47.82
37. 49
36 18
43.59
44.60
41 50
41.11
35 25
44.57
47.55
36 68
38 89
46.25
37 09
35 65
43.85
45 45
40 82
43.06
36 47
45.61
49 05
' 36. 54
41 39
' 43.28
r
37.24
35 76
' 44.84
46 01
r 35 28
51.15
36 66
' 46. 08
r
49 37
37.23
41 78
' 44.14
'39 83
r 38 65
' 46.93
47 55
' 37 93
51 73
38 12
' 46. 87
'49 92
38.11
41 58
47.58
40 15
38 86
47.27
46 32
36 55
57.38
36 82
46.89
50 12
0)
r
WAGES
Average weekly earnings, manufacturing industries:
Natl. Ind. Con. Bd. (25 industries)
dollars
U. S. Dept. of Labor, all manufacturing!
do
*46.79
Durable goods industries
. do
Iron and steel and their products!
do - Blast furnaces, steel works, and rolling
mills!
dollars
Electrical machinery!
_
do
Machinery, except electrical!
do Machinery and machine-shop products!-do
Machine tools
do .
Automobiles!
do
Transportation equipment, except autos. do
Aircraft and parts (excluding engines)
do
Aircraft engines*.
do
Shipbuilding and boatbuilding
do
Nonferrous metals and products!
do
Lumber and timber basic products!
do
Sawmills (incl. logging camps)
. . . _.-do
Furniture and finished lumber products!...do
FurnitureJ
do .
Stone, clay, and glass products!
do
Nondurable goods industries
do
v 44. 30
Textile-mill products and other fiber
manufactures!
dollars.
Cotton manufacturers, except small wares!
dollars
Silk and rayon goods!-..
do
Woolen and worsted manufactures
(except dyeing and
finishing)!
.-dollars..
Apparel and other finished textile products!
dollars. _
Men's clothing!
do .
Women's clothing§
do
Leather and leather products!
do
Boots and shoes
do Food and kindred products!
..do
Baking
do..
Canning and preserving!.-.
__do
Slaughtering and meatpacking
do
Tobacco manufactures!
.do .
Paper and allied products!
do
Paper and pulp
do.-.
Printing, publishing, and allied industries!
dollars.. Newspapers and periodicals*
. do
Printing, book and job*
do .
Chemicals and allied products!
_do
Chemicals
do .
Products of petroleum and coal!
do
Petroleum refining
do
Rubber products! „
__
do
Rubber tires and inner tubes.
do
r
51.79
53. 96
50.93
51.09
51.73
53.01
49.80
51.10
54.28 ' 55.11 ' 57.03
56.50
66.62
58.09
54.86
55.63
56.08
60.04
62.28
53.67
56.07
60.28 '61.11 ' 62.95
50.83
50.03
53.84
49.51
49.18
49.82
54 77
48.30
48.77
51.50
51.50
52.60
45.41
43.31
43.95
44.67
44.91
45. 50
42.53
42.94
43.28
45.88 ' 47.13
47.36
49.91
50.29
52.09
50.25
51.81
52.61
50.58
50.69
52 96
54 15
54 74
52.87
53-45
53.34
54.19
55.25
53.30
53.27
54.36
52.80
54.38 ••54.50 ' 55.11
55.69
56. 25
56. 46
58.35
55.86
56.61
57.02
57.10
56.49
57.32
58.55
57.11
58.02
46.05
50.45
53.69
46.46
49. 67
51.03
49.82
50.60
51.74 ' 52.93 ' 54. 69
54.26
49.21
54.82
59.89
49.72
64.77
55.42
54.72
57.38
60.55
56.11
58.87
60.00
' Revised.
v Preliminary.
> Data for October 1946, relate to the end of the preceding month. Data for the week ending September 15th are not available.
JSample was changed in November 1942; data are not strictly comparable with figures prior to that month.
§Sample was changed in July 1942; data are not strictly comparable with figures prior to that month.
*New series. Indexes of pay rolls beginning 1S39 for retail food establishments and 1940 for water transportation are shown on p. 31 of the June 1943 Survey. Data beginning
1932 for the newspapers and printing, book and job, industries will be published later; see November 1943 Survey for data beginning August 1942. Data for the aircraft engine industry
beginning 1939 will also be published later.
fRevised sei ies. See note marked "f" on p. S-10 regarding revisions in the indexes of pay rolls in manufacturing industries and reference to revised data and note marked " ! " on
p. S-ll for reference to revised data for pay rolls in nonmanufacturing industries. The indicated series on average weekly earnings and average hourly earnings (p. S-14) have been
shown on a revised basis beginning in the March 1943 Survey (see note in that issue for an explanation of the revision); data prior to 1942 have not been published in the Survey
and will be shown in a later issue; there were no revisions in the data for industries that do not carry a reference to this note.
7372(i6—47
5
S-14
SUKVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
February
1947
April 1947
1946
February
March
June
May
April
1947
August
July
September
Novem- Decem- Januber
ary
ber
October
EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES—Continued
Average hourly earnings:
Natl. Ind. Con. Bd. (25 mfg. industries). . . dollars._
d o - v 1.165
U. S. Dept. of Labor, all manufacturing!.
Durable goods industries!
do - - v 1.224
do
Iron and steel and their products!
Blast furnaces, steel works, and rolling mills!
do
do
Electrical machinery!.
do
Machinery, except electrical!
Machinery and machine-shop productst do
do
Machine tools . .
. _ _ ..
do
Automobiles!
Transportation equipment, except autost do
Aircraft and parts (excluding enginejs)
do
do
Aircraft engines* . .Shipbuilding and boatbuilding
do
do
Nonferrous metals and products!
Lumber and timber basic products!
do
Sawmills (incl. logging camps)
do -.
Furniture and finished lumber productsf. do
do . .
Furniture
do....
Stone, clay, and glass products!
do . v 1.102
Nondurable goods industries!
Textile-mill products and other fiber manufactures!
dollars
Cotton manufactures, except small wares!
dollars-_
Silk and rayon goods!
Woolen and worsted manufactures (except
dyeing and
finishing)!
.dollars-.
Apparel and other finished textile products!
dollars. .
Men's clothing!
. . do—
Women's clothing§
__
do....
do—
Leather and leather products!
.
Boots and shoes
do....
Food and kindred products! _ . .
, do. ..
Baking
__
doCanning and preserving! .
do Salughtering and meat packing
do...Tobacco manufactures!
do—
Paper and allied products!.
- dodo
Paper and pulp
Printing, publishing, and allied industrfast do
Newspapers and periodicals*
doPrinting, book and job*.
do Chemicals and allied products! . . ..
doChemicals
do
Products of petroleum and coal!
do -.do
Petroleum refining
do . . .
Rubber products!
. .
do
Rubber tires and inner tubes
Nonmanufacturing industries (U. S. Dept .of Labor)*:
Building construction
dollars..
Mining:
Anthracite
do
Bituminous coal..
do
Metalliferous
do
do . . .
Quarrying and nonmetallic
do
Crude petroleum and natural gas
Public utilities:
Electric light and power
do
do . .
Street railways and busses
do
Telegraph
Telephone!
do
Services:
Dyeing and cleaning* _. .
do
Power laundries*
do
Trade:
Retail ._
do
Wholesale
do
Miscellaneous wage data:
Construction wage rates (E. N. R.):t
Common labor.. _
__
dol. per hr.
Skilled labor
do
Farm wages without board (quarterly),
dol. per month._
Railway wages (average, class I)
dol. per hr.
Road-building wages, common labor:
United States average
do
1.123
1.92
.81
1.129
1.002
1.064
1.084
1.146
1.035
1.103
1.169
1.165
1.058
1.131
1.186
1.180
1.071
1.147
1.190
1.189
1.084
1.165
1.206
1.194
1.093
1.177
1.216
1.217
1.112
1.186
1.222
1.229
1.126
1.201
1.241
1.231
1.130
1.202
1.239
1.243
1.139
1.210
1.247
1.247
1.145
' 1. 213
1.248
1.258
' 1.158
' 1. 222
1.262
(a)
1.029
1.147
1.129
1.206
1.248
1.234
1.222
1.268
1 278
1.091
.836
.810
.871
.891
.967
.953
1.290
1.036
1.172
1.154
1.214
1.264
1.264
1.233
1.259
1.324
1.113
.848
.826
.888
.913
.985
.975
1.294
1.096
1.179
1.163
1.220
1.302
1.316
1.253
1.293
1.389
1.131
.856
.834
.903
.930
1.004
.988
1.290
1.131
1.204
1.180
1.251
1.325
1.333
1.268
1.339
1.403
1.149
.880
.860
.917
.943
1.019
.996
1.303
1.148
1.223
1.202
1.277
1.347
1.350
1.302
1.343
1.416
1.163
.908
.888
.927
.950
1.041
1.003
1.314
1.158
1.232
1.212
1.269
1.354
1.366
1.325
1.348
1.436
1.166
.910
.892
.937
.957
1.057
1.009
1.305
1.169
1.246
1.228
1.291
1.373
1.359
1.323
1.354
1.431
1.177
.928
.911
.957
.982
1.063
1.036
1.325
1.185
1.260
1.238
1.300
1.385
1.356
1.323
1.357
1.426
1.192
.935
.915
.977
1.002
1.087
1.050
1.303
1.186
1.266
1.245
1.306
1.376
1.359
1.326
1.363
1.432
1.195
.936
.913
.990
1.014
1.096
1.056
1.310
1.191
1.273
1.249
' 1.322
1.394
1.364
' 1.326
1.373
1.441
••1.204
.931
.906
.999
1.024
r
1.114
1.065
1.314
1.198
1.277
1.257
'1.322
' 1.394
' 1. 362
1.327
'1.357
' 1. 430
' 1.209
' . 931
r
.901
' 1. 007
r
1.034
'1.119
1.076
1. 333
1.202
1.283
1.262
1.326
1.389
1.355
1.320
1.358
1.421
1.217
.963
.936
1.015
1.045
1.125
1.092
.833
.858
.869
.873
.875
.877
.924
.940
.948
.955
959
.970
.753
.812
.788
.838
.799
.845
.803
.849
.803
.850
.803
.858
.875
.906
.888
.922
.892
.931
.898
.941
. 900
.944
.914
.975
.988
.999
1.010
1.014
1.014
1.017
1.024
1.034
1.037
1.038
1.039
1.045
.922
.947
1.168
.907
.890
.924
.913
.844
.939
.832
.937
982
1.221
1.379
1.155
1.021
1 198
1.286
1 369
1.129
1 266
.961
.981
1.222
.917
.896
.943
.920
.859
1.051
.830
.957
1 001
1.235
1.400
1.166
1.033
1.211
1.307
1 383
1.138
1 275
.966
.993
1.234
.928
.904
.952
.930
.885
1.072
.830
.966
1.010
1.248
1.423
1.171
1.045
1.220
1.332
1.420
1.232
1.414
.956
.997
1.211
.942
.921
.961
.931
.887
1.087
.848
.983
1.030
1.266
1.443
1.186
1.064
1.234
1.342
1.419
1.266
1.446
.951
.999
1.191
.950
.923
.972
.945
.898
1.095
.846
.993
1.038
1.278
1.449
1.203
1.084
1.243
1.347
1.431
1.283
1. 461
.941
.985
1.180
.954
.927
.986
.980
.904
1.115
.851
1.007
1.053
1.287
1.459
1.212
1.098
1.256
1.355
1.437
1.292
1.472
.986
1.009
1.263
.972
.945
1.015
.994
.976
1.116
.885
1.020
1.070
1.299
1.475
1.220
1.102
1.260
1.347
1.427
1.295
1.474
1.010
1.027
1.300
.982
.955
1.013
1.003
.960
1.144
.893
1.037
1.085
1.315
1.495
1.232
1.110
1.281
1.368
1.453
1.323
1.507
.997
1.024
1.266
.987
.960
1.035
1.042
.983
1.147
.905
1.500
1.102
1.325
1.511
1.238
1.102
1.278
1.347
1.428
1.313
1.492
'.998
1.086
1.211
1.004
.978
1. 046
1.045
'. 950
1.137
.924
1. 064
1.111
1.343
1. 528
1.259
1.112
1.288
1. 351
1.429
1.322
1.503
'1.006
1.089
1.223
' 1.018
.995
1.058
1.051
r
. 982
1.119
.947
1.071
1.119
'1.374
'1.569
1.292
1.133
1.316
' 1.375
1.451
'1.329
1.509
1.037
1.092
1.295
1.025
.998
1.083
1.056
.975
3.203
.937
1.085
1. 129
1.379
1.572
1.295
1.143
1.326
1. 384
1.463
1.332
1.509
1.422
1.411
1.423
1.431
1.444
1.473
1.482
1.510
1.526
1.549
1.569
1.594
1 376
1.263
1 059
.913
1.284
1 376
1.274
1 071
.930
1.308
1.352
1.239
1 090
.959
1.293
1.382
1.321
1.133
.967
1.287
1.559
1.474
1.180
.994
1.322
1.562
1.457
1.205
1.004
1.311
1.598
1.466
1.212
1.016
1.307
1.611
1.480
1.221
1.042
1.334
1.593
1. 460
1.210
1.047
1.308
1.582
1.477
1.219
1.045
' 1.334
1.613
1.491
1.232
1. 052
1.353
1.589
1.490
1.228
1.060
1.343
1 195
1.011
833
1 095
1 222
1.001
.851
1 105
1 219
1.025
.886
1 131
1.236
1.049
.905
1.143
1.275
1.053
.908
1.147
1.258
1.097
.910
1.135
1.260
1.099
.910
1.129
1.291
1.110
.914
1.148
1.284
1.130
1.067
1.137
1.302
1.125
1.063
1.131
1. 337
1. 142
1.062
1.132
1.313
1.165
1.069
1.133
.793
.675
.815
.684
.833
.688
.831
.703
.834
.703
.826
.698
.832
.693
.839
.708
.854
.708
.854
.729
. 867
.739
.874
.745
.835
1 095
.841
1 101
.851
1 121
.859
1.135
.876
1.146
.888
1.155
.893
1.148
.908
1.179
.907
1.172
'.917
1.186
.919
1.202
.951
1.197
.968
1.73
.988
1.74
1.004
1 76
1.018
1.77
1.034
1.80
1.058
1.81
1.071
1.82
1.072
1.85
1.073
1.85
1.078
1.86
1.085
1.86
1.109
1.89
.973
.949
97 40
1.065
1.091
1.139
106 00
1.136
1.130
1.155
104.00
1.132
1.146
1.150
.75
.75
.76
.78
.81
.86
.84
.80
.87
'
r
'
'
'
106. 0C
.86
PUBLIC ASSISTANCE
Total public assistance
mil. of dol.
Old-age assistance, and aid to dependent children and
the blind, total
mil. of dol
Old-age assistance.
.
_ doGeneral relief
do
.84
.83
j
»13
92
93
93
94
95
96
97
99
107
110
82
64
10
83
65
10
84
65
9
85
66
9
85
66
9
'84
67
9
87
68
10
89
69
10
94
74
11
99
76
11
114
102 i ' 1 0 C
77 I
7£
12 1
lc
' Revised. » Preliminary. § Sample was changed in November 1942; data are not strictly comparable with figures prior to that month.
° The average for workers who were employed in February was $1,217; this average is affected by strike conditions, see note in the February 1947 Survey.
•^The comparability of the series was affected by a change in the data in July 1945; see January 1946 Survey for June 1945figureson both the old and the new basis.
t Data beginning April 1945 are not comparable with earlier data; see note for hours and earnings in telephone industry at the bottom of p. S-13 of the April 1946 Survey.
1 Rates as of March 1,1947: Construction—common labor, $1,123; skilled labor, $1,923.
*New series. Data on hourly earnings for 1937-43 for the telephone industry are shown on p. 20 of the May 1945 Survey (see also note marked "t" above regarding a change in the
data in April 1945) and data for the telegraph industry beginning June 1943 are on p. S-14 of the January 1945 issue. Data on hourly earnings beginning March 1942 for the other
nonmanufacturing industries and beginning August 1942 for the printing and publishing subgroups are available, respectively, in the May 1943 and November 1943 issues, and data
back to 1939 will be published later.
! Revised series. See note marked "t" on p. S-13.
April 1047
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
February
S-15
1946
1947
February
March
April
SepAugust tember
October
1947
Novem- Decem- Januber
ber
ary
May
June
July
1,770
1,198
1,012
186
125
120
3
448
31
274
4
106
32
79, 330
37,208
42,122
1,777
1,188
1,009
179
124
119
3
466
32
291
4
106
32
77, 518
35,085
42, 433
1,779
1,182
1,008
174
118
115
3
479
34
304
4
105
32
78,191
34,972
43, 219
1,770
1,169
1,001
168
124
118
3
477
33
305
4
104
32
82,374
37, 357
45,017
1,751
1,151
989
162
130
125
2
470
32
302
3
102
31
73,900
30, 216
43,684
1,741
1,136
979
157
151
146
2
454
30
291
3
98
31
74, 552
31, 397
43,155
1,717
1,117
966
151
180
175
2
421
30
264
3
93
31
81, 583
33,913
47,670
1,690
1,099
954
145
189
183
2
401
33
245
3
91
30
77,193
31,088
46,105
1,661
1,085
944
140
188
182
2
389
34
234
3
88
30
93, 547
41, 252
52, 295
1,662
1,068
932
135
195
187
2
399
35
245
2
87
29
83, 452
34, 305
49,147
43,652
23,357
279
22,732
18,097
43,652
17, 451
15,606
959
23,925
43.7
43,807
23,518
254
22,932
18,092
43,807
17,365
15,653
807
24,064
43.7
44,828
24, 456
157
23,783
18,103
44,828
18, 206
16,123
1,112
24,191
42.7
44, 625
24,164
245
23,633
18,105
44, 625
17, 906
15,991
856
24, 244
43.0
45,045
24,748
331
23,946
45,045
18, 294
16, 245
1,085
24, 412
42.4
44,813
24,594
213
24,049
18,095
44,813
18,060
15,910
725
24, 448
42.6
44,889
24,109
253
23, 518
18, 229
44,889
17,579
15,931
567
24, 583
43.2
45,647
24, 791
316
23,944
18,310
45, 647
18,083
16, 513
1,063
24, 799
42.7
45,006
24,093
163
23, 350
18,381
45,006
17, 353
16,139
562
24,945
43.5
45,957
24, 754
308
23,941
18, 627
45, 957
18,928
16,063
39,981
39,902
FINANCE
BANKING
Agricultural loans outstanding of agencies supervised
by the Farm Credit Administration:©
Total
mil. of dol._
Farm mortgage loans, total
do
Federal land banks
do
Land Bank Commissioner
do
Loans to cooperatives, total
do
Banks for cooperatives, incl. central bank__do
Agr. Marketing Act revolving fund
do
Short term credit, total
...do
Federal intermediate credit banks %
do
Production credit associations
do
Regional agricultural credit corporations-..do
Emergency crop loans
do
Drought relief loans
do
Bank debits, total (141 centers)!-do
New York City
do
Outside New York City
do
Federal Reserve banks, condition, end of month:
Assets, total
do
Reserve bank credit outstanding, total
do
Bills discounted
.do
United States securities.
do
Gold certificate reserves®
do
Liabilities, total
do
Deposits, total
do
Member bank reserve balances
:
do
Excess reserves (estimated)
do
Federal Reserve notes in circulation
do
Reserve ratio
percent.Federal Reserve weekly reporting member banks, condition, Wednesday nearest end of month:
Deposits:
Demand, adjusted
...mil. of dol_.
Demand, except interbank:
Individuals, partnerships, and corporations^do
States and political subdivisions
do
United States Government
do
Time, except interbank, total
do
Individuals, partnerships, and corporations.do
States and political subdivisions
do
Interbank, domestic
do
Investments, total
do
U. S. Government obligations, direct and guaranteed, total
mil. of doL.
Bills
do....
Certificates
do
Bonds (incl. guaranteed obligations)
do
Notes
do
Other securities
do
Loans, total
do
Commercial, industrial, and agricultural
do
To brokers and dealers in securities
do
Other loans for purchasing or carrying securities
mil. of dol_.
Real estate loans
do
Loans to banks
do
Other loans
do
Money and interest rates: ^
Bank rates to customers:
New York City
'.
percent..
7 other northern and eastern cities
do
11 southern and western cities
do
Discount rate (N. Y. F. R. Bank)*
do_...
Federal land bank loansd"
do
Federal intermediate credit bank loans
do
Open market rates, New York City:
Prevailing rate:
Acceptances, prime, bankers', 90 days
do__.
Commercial paper, prime, 4-6 months
do
Time loans, 90 days (N. Y. S. E.)
do...
Average rate:
Call loans, renewal (N. Y. S. E.)
do .
U. S. Treasury bills, 3-mo
do...
Average yield, U. S. Treasury notes, 3-5 yrs.:
Taxable*
do
Savings deposits, New York State savings banks:
Amount due depositors
mil. of dol_
U. S. Postal Savings:
Balance to credit of depositors
do._.
CONSUMER SHORT-TERM CREDIT
1,555
1,060
928
133
194
187
2
416
32
266
2
86
29
72, 943
29, 498
43,198
1,772
1,226
1,022
205
154
148
3
391
28
226
4
100
33
66,708
30,498
36,210
46, 547
24,846
356
24,117
19,113
46, 547
19, 489
15, 895
44,093 • 44,892
23,648 23,630
347
626
22,904 22,601
18,049 18,075
44, 093 • 44, 892
17, 559 17,659
15, 537 14,853
1,014
627
23,993
24,131
43.4
43.3
P798
24,320
43.6
1,776
1,209
1,015
194
144
138
3
423
29
252
4
105
33
79,119
35, 670
43, 449
r
663
24, 387
43.0
37,610
36, 553
38, 242
38,941
39, 241
39,362
39, 303
39, 237
39, 653
40,135
39,143
2,289
2,006
10, 627
10, 393
164
8,770
38,171
37,741
2,160
16,481
9,695
9,526
123
10,056
52,970
36, 320
2,281
14,008
9,776
9,597
131
9,659
49, 975
38,041
2,456
12,363
9,881
9,704
129
9,533
49,380
38, 669
2,433
11,377
10,030
9,851
128
9,153
39, 374
2,318
7,665
10,132
9,958
121
9,430
46,161
39, 508
2,274
7,299
10, 214
10, 020
139
9,374
45, 750
39, 273
2,245
6,556
10, 280
10,075
145
9,242
44,905
39, 418
2,370
4,680
10, 344
10,133
153
9,286
42, 631
39,851
4,640
10, 364
10,159
145
9,235
42,461
40, 638 40,922 39,866
2,269
2,270
2,339
1,795
3,524
1,706
10, 380 • 10, 490 • 10, 517
10, 256 10, 295
10,158
165
153
162
9,442
8,918
9,148
41,243 39, 459 ' 39,031
34, 790
361
4,408
26,917
3,104
3,381
16, 885
10, 712
1,086
49,511 46, 529
1,517 | 1,039
II, 345
12.860
27,234 27,088
7,900
7,057
3,452
3,437
15,178
15, 272
7,382
7,506
2,345
2,354
45,986
1,052
10,608
27, 402
6,924
3,387
15,053
7,473
2,204
45, 586
1,014
10,359
27, 471
6,742
3,390
14,904
7,482
2,167
42,742
1,026
9,905
26,748
5,063
3,413
14,888
7,611
1,953
42, 269
773
9,605
26,936
4,955
3,481
14,912
8,018
1,604
41, 463
758
8,762
27,089
4,854
3,442
15,078
8,496
1,371
39,088
679
6,547
27, 228
4,634
3,543
15,477
9,164
1,253
39,044
660
6,729
27,183
4,472
3,417
16,093
9,759
1,208
37,859
741
5,641
27,045
4,432
3,384
16, 548
10,143
1,325
36,029
886
5,202
26,902
3,039
3, 430
16, 694
10, 269
1,375
35, 636
392
5,245
26,903
3,096
3,495
16, 774
10, 499
1,140
2,224
1,195
91
1,866
2,113
1,228
74
1,840
1,966
1,284
154
1,920
1,837
1,332
189
1,932
1,696
1,367
172
1,976
1,455
1,424
127
2,054
1,343
1,473
188
2,122
1,233
1,513
146
2,188
1,118
1,563
67
2,302
1,597
201
2,339
1.00
4.00
1.50
1.00
4.00
1.50
1.83
2.43
2.75
1.00
4.00
1.50
1.00
4.00
1.50
1.00
4.00
1.50
1.85
2.43
2.76
1.00
4.00
1.50
1.00
4.00
1.50
970
1,633
148
2,336
2,520
1,129
55
1,747
2,334
1,157
86
1,835
1.00
4.00
1.50
1.00
4.00
1.50
1.75
2.34
2.93
1.00
4.00
1.50
1.00
4.00
1.50
1.00
4.00
1.50
1.84
2.51
2.97
1.00
4.00
1.50
.81
1.00
1.50
.44
.75
1.25
.44
.75
1.25
.44
.75
1.25
.47
.75
1.25
.50
.75
1.25
.59
.77
1.25
.71
.81
1.50
.81
.81
1.50
.81
.88
1.50
.81
.94
1.50
.81
1.00
1.50
.81
1.00
1.50
1.38
.376
1.00
.375
1.00
.375
1.00
.375
1.00
.375
1.00
.375
1.00
.375
1.38
.375
1.38
.375
1.38
.375
1.38
.376
1.38
.375
1.38
.376
1.18
1.03
.99
1.12
1.18
1.15
1.13
1.14
1.22
1.24
1.22
1.22
1.18
9,278
8,419
8,502
8,560
8,634
8,762
8,825
8,875
8,919
8,958
9,013
9,159
9,232
3,358
' 3,014
3,043
3,066
3,091
3,120
3,160
3,188
3,207
3,235
3,260
3,277
3,331
Total consumer short-term debt, end of month*..do.__ v 9, 712 6,534
7,376
7,618
7,911 ' 8,006 '8,317 ' 8, 551
' 9,373 r 9,959 r 9, 771
Instalment debt, total*
do... v 4,142
2,408
2,652
2,507
2,789
2,908 ' 3,029 ' 3,175 ' 3,297 ' 3,464 ' 3,654 '
3, 986 p 4,049
Sale debt, total*
do... v 1, 602
879
905
1,004
957
1,035 ' 1, 070 ' 1,124 »• 1,377 ' 1,261 ' 1,358 r 1, 559 v 1, 567
i»625
Automobile dealers*
do...
245
264
289
318
394
425
544
336
P581
365
466
505
P340
Department stores and mail-order houses*.do_-.
184
188
200
221
235
206
338
P338
210
212
257
284
P350
Furniture stores*
do...
274
279
308
311
288
295
299
322
366
299
»352
337
P27
Household appliance stores*
do...
14
14
'22
•"23
15
17
16
'20
'25
P27
'28
1-106
Jewelry stores*
do
62
64
65
59
60
63
61
P114
63
66
r 123
72
*>154
Allother*
do
115
119
100
105
101
108
110
111
125
160
P155
134
' Revised. Preliminary. § Includes open-market paper. \ For bond yields see p. S-19.
©
Effectiveloans
Nov.to1,1946,
the emergency crop and draught relief loans included above was transferred to the Farmers Home Administration.
t Excludes
other jurisdiction
Farm Creditover
Administration
X Excludes
to see
other
Farm
Credit
Administration
cT
Rate on
on all
allloans
loans:
see
note
on item
item
in April
April
1946 Surveyagencies.
Rate
loans:
note
on
in
® Effcti J n 121945 l
ld r t i f i t 1946 Survey.
liib
Effective June 12,1945, only gold certificates are eligible as reserves
15,1945,
fBank debits were revised in the Septembei
S-16
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
February
1947
April 194T
1946
February
March
April
May
June
July
1947
August
September
October
Novem- December
ber
January
FINANCE—Continued
CONSUMER SHORT-TERM CREDIT—Con.
Total consumer short-term debt—Continued.
Instalment debt—Continued.
Cash loan debt, total*
mil. of doL.
Commercial banks*
do
Credit unions
do
Industrial banks*
do
Industrial loan companies*.
do
Small loan companies
do
Insured repair and modernization loans* do
Miscellaneous lenders*
do
Charge account sale debt*
do
Single payment loans*
do
Service credit*
do
Consumer instalment loans made by principal lending
institutions:
Commercial banks*
mil. of dol__
Credit unions
do
Industrial banks*
do
Industrial loan companies*
do
Small loan companies
do
p 2, 540
p 1,036
*>190
P620
"354
PIIO
2, 602
v 2, 093
P
87
P
182
*33
P21
P 20
P91
1,529
522
128
78
71
452
184
94
1,692
1,641
793
1,602
564
132
82
73
462
194
95
1,972
1,705
804
1,695
608
137
85
76
482
210
97
2,138
1,771
815
1,785
656
142
88
78
492
231
98
2,188
1,819
822
1,873
700
149
92
79
506
248
99
2,327
1,846
830
1,959
745
154
96
81
520
263
100
2,281
1,860
836
2,051
792
158
100
84
535
280
102
2,418
1,883
841
2,120
825
164
103
86
544
295
103
2,495
1,911
105
19
14
14
132
24
18
16
103
138
25
18
16
105
148
28
19
16
97
148
28
19
17
156
29
20
17
106
164
30
20
18
110
156
31
20
18
2,203
864
170
108
90
555
312
104
2,621
1,950
853
2,298
907
175
112
94
574
328
106
2,859
2.002
858
' 2,427
'958
184
117
98
616
••344
110
3,054
2.055
'864
v 2,482
176
34
21
19
107
172
33
22
20
122
191
39
26
25
168
P188
P33
P 22
P20
PIOO
37,911
38,079
38,281
5,255
5,317
5,289
592
592
593
4,663
4,724
4,697
597
594
591
1,475
1,475
1,474
29,335
29, 504
29,642
19, 701 19, 754
19, 673
18,382
18,343
18, 425
4,400
4,454
4,493
2,531
2,522
2,527
2,703
2,949
2,774
566
550
540
683
707
677
343, 080 352, 230 350, 547
37, 944 38, 807
50, 716
25,233
25, 306
23, 085
63, 834 71,062
64, 910
216,069 219, 276 209,615
38, 459
5,365
592
4,773
590
1,472
29, 678
19, 558
18, 231
4,502
2, 517
3,101
581
773
348, 274
39, 224
22, 572
61, 902
224, 576
38, 813
5,437
593
4,844
584
1,471
30, 043
19, 574
18, 225
4,531
2,490
3,448
473
805
491, 797
94, 380
32, 320
92, 701
272, 396
39, 032
5,480
592
4,888
601
1,470
30,177
28, 533
18,192
4,551
2,498
3,586
532
772
414, 523
73, 068
37, 833
69,466
234,156
216, 264 210,898 235, 775
101, 276 93, 979 111, 755
28, 974 28, 773 35, 899
8,120
7,334
7,996
16,950 16, 964 17, 721
35,604 38,415 36, 232
25, 340 25,433
26,172
213, 743
99, 258
31, 022
6,999
16, 466
35, 226
24, 772
258,173
108, 249
32, 312
7,888
15, 550
63, 581
30, 593
266, 447
116,105
39, 995
8,747
22, 581
50, 818
28, 201
r
P996
P185
P122
P102
*620
*347
PIIO
p 2, 764
p 2,089
P869
LIFE INSURANCE
Life Insurance Association of America:
36,882
36,660
37,080
37,274
37, 552 37, 765
Assets, admitted, totalJA
mil. of dol__ 39.206
5,138
5,148
5,189
5,163
5, 542
5,213
5,226
Mortgage loans, total
do
573
509
575
581
595
587
590
Farm
do
4, 565
4,579
4,588
4,608
4.947
4,626
4,636
Other
do
656
632
622
608
601
602
601
Real-estate hold ings
do
1,507
1,500
1,494
1,488
1,469
1,479
1,484
Policy loans and premium notes
do
28, 260
28,367
28, 823
28, 545
30, 329
28, 927 29, 069
Bonds and stocks held (book value), total
do
19, 249
19,357
19, 413
19, 551
19, 571
19, 645 19, 688
Govt. (domestic and foreign), total
do
17,937
18,035
18,239
18,090
18,323
U. S. Government
do
18,198
18,368
4,290
4,298
4,332
4,312
4,322
4, 567
Public utility.
do
4,390
2,595
2,583
2,497
2,563
2,549
2,556
Railroad
_
do
2,536
2,126
2,149
2,271
2,357
2,404
Other
do
3, 694
2,455
275
383
571
465
Cash
do
715
470
651
824
852
Other admitted assets
do
685
701
675
795
675
Premium collections, total®
thous. of doL. 383, 857 350,147 390, 879 328, 586 368, 987 368, 226 361,400
42, 063
47, 047
Annuities
do
48,211
43,661
40, 283
38, 324 61, 363
22, 943
24,090
21, 663
21,975
Group
do
25,975
20, 413 25,199
65, 579
66,580
Industrial
do
68, 491
71,010
59,268
72,043 63,947
219, 562 252,118
207, 372 233,385
Ordinary
do
241,180
237,446 210,891
Institute of Life Insurance:*
Payments to policyholders and beneficiaries,
221, 902 254,135
236, 574 235, 837 221, 997 225, 877
total
thous. of doL.
104, 642 116, 356 110, 072 108, 866
Death claim payments
do
98, 789 106, 743
32, 587
Matured endowments
_do
35, 374
29, 860 32, 923
35, 793
34, 479
7,179
7,584
7,438
Disability payments
do
7,987
7,459
7,496
15,597
16,
904
17, 309 16, 881
Annuity payments
do
16, 227
16, 278
38,179
39,253
44, 063 36,694
Dividends
do
49, 559
38, 690
23, 718
27, 856
24,538
Surrender values, premium notes, etc
do
25,140
28, 213
29, 596
Life Insurance Agency Management Association:
Insurance written (new paid-for-insurance):f
Value, total
__
thous. of doL. 1,718,329 1,516,833 1,816,315 1,971,219 1,956,796 1,863,485 1,952,159
88, 416 113, 803 138, 376 145, 517 183, 743 284,896
Group
do
181, 554
307,074
355, 691 359, 324 359, 369 338, 999 323, 861
Industrial.
do
350,029
1,121,343
Ordinary, total
do
1,346,821 1,473,519 1,451,910 1.340,743 1,343,402
1,186,746
83, 573
New England
do
87, 542
95, 427 92,405
99,114
109, 744 103,665
Middle Atlantic
do
364, 915 395, 030 363, 065 336, 659 327, 627
300, 770 311,753
East North Central
do
263, 884 247, 889 296, 874 321, 302 314, 327 290, 952 292, 432
100,841
West North Central
do
123, 992 135, 065 136, 475 130, 779 127,881
113,795
113,212
South Atlantic
do
126,064
142, 648 159, 507 158, 822 145,156 154,781
41,
642
59, 598 55, 645 54, 326
52,013
57, 384
East South Central
do
43,998
86,870
99,120
109, 597 121,878 107, 384 112,081
88,359
West South Central
do
32,159
43,
772 40, 797 42, 803
37, 532
38, 662
43, 983
Mountain
do
103, 404 129, 483 141, 907 150, 308 137, 944 139, 036
124,802
Pacific
do
1,796,758
200. 518
323, 504
1.272,736
83, 317
301,929
282, 453
125, 687
142,193
53, 232
108,188
43, 087
132,650
1,710,536
238, 591
346,116
,125,829
73, 205
259,183
249, 867
112, 704
128, 777
47, 732
94, 957
38,138
121, 266
1,796,548
198, 701
347, 220
t,250,627
87,873
311,142
273,028
118, 363
141,415
49, 697
95, 720
41,644
131, 745
.298
.054
.302
.963
.570
.206
4.033
.054
.302
.960
.570
.206
4.032
1,648,423 1 962 873 1,741,639
162,146
475, 709 184,095
343,113 290, 439 328, 518
1,143,164 1196 725 1 229 026
76, 411
76,533
94,184
283, 614 274,362
325, 519
253, 324 263, 294 278,083
108, 934 121, 356 117, 441
126, 228 132, 946 121, 406
44, 003
46, 441
41,814
88,917
95, 921
87, 868
37, 774
44, 353
36,348
123,959
141,519
126,363
MONETARY STATISTICS
Foreign exchange rates:
Argentina
dol. per paper peso..
Brazil, free cf
dol. per cruzeiro..054
.302
British India
-dol. per rupee..
.957
Canada, free rate§
dol. per Canadian dol_.
.570
Colombia
_.dol. per peso..
.206
Mexico
do
United Kingdom, free rate
dol. per £ . . 4.027
Gold:
Monetary stock, U. S
mil of doL. p 20,330
Net release from earmark*
thous. of doL. -684, 474
9,215
Gold exports!
do
Gold imports^
do
9,577
Production, reported monthly, total ©
do
Africa
.do
Canada ©
do
United States ©
do
7,612
.298
.052
.301
.907
.570
.206
4.034
.298
.052
.301
.907
.570
.206
4.034
.298
.052
.301
.908
.570
.206
4.034
052
.302
.907
.570
.206
4.033
.298
.052
.302
.906
.570
.206.
4.034
.052
.302
.967
.570
.206
4.034
.054
.302
.968
.570
.206
4.034
20, 232
- 5 , 770
467
82, 906
50, 981
36, 054
8,013
3,283
20, 256
19, 729
361
31, 757
50, 656
34, 090
8,677
3,639
20, 251
15,090
28, 423
7,889
53, 900
38, 047
8,338
' 3, 226
20, 242
27,461
28, 707
1,679
55,857
39, 959
8,412
3,158
20, 270
15,010
748
37, 077
54,749
39,101
8,203
3,416
20,267
7,996
2,529
8,877
57,193
40, 050
8,384
3,993
20, 280
60,123
10,816
26, 027
60, 795
38,949
8,092
8,310
.298
.054
.302
.952
.571
.206
4.031
.298
.054
.302
.954
.571
.206
4.029
.298
.054
.302
.951
.571
.206
4.029
20, 305 20, 402 20,470
12, 306 115,690 127,485
31, 846
806
733
24, 217 24,989 78,636
57, 221 59,463 v 50,175
37, 802 39, 286 P 37,183
8,047
8,429
8,092
5,930
4,900
20, 529
82, 830
115,915
54,722
20, 748
196,080
102, 593
85,774
«" Revised.
P Preliminary. $36 companies which had 81 percent of the total admitted assets of all United States legal reserve companies at end of 1945.
® Reported by 39 companies which had about 79 percent of the total business outstanding of United States legal reserve companies at the end of 1945.
r 7, 961
6,255
A In January 1944 one company was replaced by a larger one; for revisions October-December 1943 see December 1944 Survey; earlier 1943 revisions are available on request.
cf See September 1946 Survey and earlier issues for official rate; the official market was abolished July 22, 1946. Free rate prior to August 1945 is available upon request.
§The official rate for Canada was $0,909 from March 1940, when first quoted, through July 4,1946, and $1,000 thereafter; the average rate for July 1946 was $0,983!
^Publication of data was suspended during the war period; data for November 1941-February 1945 will be published later. • Or increase in earmarked gold (—).
© See notes in the April 1946 and August 1946 issues regarding revisions in the data for 1941-44 and January-May 1945.
*New series. Estimates of consumer short-term credit as originally compiled are published in the November 1942 Survey and the general estimating procedure is described in that
issue; data for various components have subsequently been revised; there have been recent minor revisions in the data for single payment loans and the total (dollar figures and index)
and earlier revisions that have not been published, as indicated in the note marked "*" on p. S-15 of the April 1946 Survey. See November 1942 Survey, p . S-16, for a brief description
of the series on payments to policy holders and beneficiaries and data for September-December 1941 and early 1942.
tRevised series. All series for insurance written are estimated industry totals and for group and industrial insurance are not comparable with data published prior to the March
1946 Survey (see note in that issue); data for 1940-44 for these series will be shown later; data for ordinary insurance continue the data from the Life Insurance Sales Research Bureau
published in the 1942 Supplement and subsequent monthly issues.
April 1947
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
February
S-17
1947
1946
1947
February-
March
April
May-
June
July
August
September
October
Novem- December
ber
January
FINANCE—Continued
MONETARY STATISTICS—Continued
Money supply:
28, 952 r 28,262
27,879
27,885
28,245
28,861
28,120
28,254
28,507
Currency in circulation
mil. of dol.. P28, 281
28,448
28,600
27,954
Deposits adjusted, all banks, and currency outside
banks, total*
mil of dol P165, 300 177,300 173,600 174,400 173, 500 171,237 P170, 400 P170, 000 *169,400 P169, 100 P168, 500 P167, 100 P166, 000
Deposits, adjusted, total, including U. S. deposits*
mil. of dol.. P139,100 151,200 147,500 148, 200 147, 200 144, 721 *143,900 P143, 400 P142, 900 P142, 600 P141, 800 P140,300 P139, 800
78,600
75,000
77,500
79,476 v 80,300 p 80,600 p 81,300 p 82,200 P 82,800 P83,600 P82, 800
Demand deposits, adjusted, excl. U. S.*_._ do _ _ P81, 000
76. 400
50,100
50,700
51,829 P 52.300 v 52,600 p 52,900 v 53, 200 v 53,300 P54, 000 P54, 200
51,200
Time deposits, including postal savings*. . . d o . . . . P54, 700
49,800
Silver:
6,579
2,945
119
12,900
888
268
322
166
858
106
273
1,147
4,794
ExportsA
thous. of dol
7,861
13,295
4,589
1,602
5,557
4,385
11, 595
2,918
930
1,187
8,283
do
7,089
3,679
ImportsA
.765
.867
.708
.708
.901
.723
.708
1.708
.901
.901
.901
Price at New York •
dol. per fine oz__
.708
.901
Production:
1,013
842
929
1,166
1,056
1,038
1,175
953
1,042
1,267
1,186
Canada
thous. of fine oz
2,464
2,928
2,561
344
409
513
1,063
1,395
2,993
2,940
United States .
do
2,583
1,495
PROFITS AND DIVIDENDS (QUARTERLY)
Industrial corporations (Federal Reserve): d1
323
604
676
Net profits, total (629 cos.)
mil. of dol..
22
94
Iron and steel (47 cos )
An
67
Machinery (69 cos.)
49
31
do
& g>
21
44
Automobiles (15 cos)
do
2 d 5
2 51
3 38
Other transportation equip (68 cos )
do
20
26
43
Nonferrous metals and prod (77 cos )
do
12
42
37
Other durable goods (75 cos )
do
65
74
84
Foods, beverages and tobacco (49 cos )
do
56
78
Oil producing and refining (45 cos )
do
62
63
66
Industrial chemicals (30 cos )
67
do
62
71
76
Other nondurable goods (80 cos )
do
82
79
Miscellaneous services (74 cos )
80
do
Profits and dividends (152 cos.):*
Net profits
116
250
303
do
Dividends:
20
21
20
Preferred
do
149
Common
146
153
do
142
196
Electric utilities, net income (Fed. Res.)*
151
do
d
An
123. 7
13.7
Railways, class I net income ( I C C )
48.4
Telephones, net operating income (Federal Communica60.4
72.7
70.7
tions Commission)
mil of dol
PUBLIC FINANCE (FEDERAL)
U. S. war and defense program, cash expenditures, cu350,035 329,773 332,432 334,995 337,110 339, 264 340,497 342,061 343,051 344, 536 345,955 347,341 348,651
mulative totals from June 1940:*.
.mil. of dol
U. S. Savings bonds:*
49,864
50,407
50,772
49,723
48,849
49,638
Amount outstanding
.
49,560
48,756
49,053
49,336
48,936
49,493
48,718
do
712
576
952
453
494
519
668
594
571
622
753
626
590
Sales, series E, F, and G
do
504
483
398
418
621
482
489
634
Redemptions
_
552
519
478
565
537
do
259,776
262, 277 259,148
263,532
261,418
Debt, gross, end of month®...
279,214 276,012 273,898 272, 583 269,422 268, 270 267, 546 265,369
do
Interest bearing:
233,601
236, 671 233,064
233,176
245, 779 243, 994 242,916 240,364 238,340
257,016 253, 613 251,487 249,960
Public issues
_ _
do
24, 585
24,776
24, 254
24,938
24,015
21, 224
22,322
21,135
21,481
23,854
23,045
23,443
Special issues to trust accounts, etc
20,897
do
1,351
1,500
1,399
3,305
1,116
1,188
1,151
1,264
1,301
1,143
1,231
1,187
1,311
Noninterest bearing. _
do
Obligations fully guaranteed by U. S. Gov't:
••262
331
362
378
542
533
391
181
542
467
324
Total amount outstanding (unmatured)
370
539
..do.
Expenditures and receipts:
3,618
3,005
2,557
3,946
3,023
2,851
4,251
5,513
Treasury expenditures, total
4,602
3,677
2,796
4,514
3,510
do
1,580
1,412
1,436
1,457
1,481
2,560
2,182
2,442
1,100
2,702
2,550
1,190
1,509
War and defense activities %
do
21
71
48
27
16
32
5
23
200
95
13
631
148
Transfers to trust accounts %
.do
124
160
105
952
345
648
174
1,395
122
646
106
249
118
Interest on debt
do
1,065
1,180
989
1,335
2,350
1,152
1,294
1,070
1,383
1,316
1,671
2,444
543
AllotherJ
.do
4,113
3,860
2,639
2,617
4,643
2,734
4,482
4,481
5,762
2,998
2,717
3,875
2,600
Treasury receipts, total
..do....
4,107
3,820
2,364
2,544
2,434
2,733
4,479
2,539
5,747
3,678
4,378
do
2,677
4,478
Receipts, net
47
43
45
45
42
36
45
Customs
42
42
35
44
40
33
do
2,971
3,415
4,274
2,230
2,403
2,494
4,291
5,583
2,310
2,308
4,080
2,251
3,684
Internal revenue, total.
do
1,444
2,886
2,664
3,222
1,404
1,603
3,392
1, 513
4,838
1,489
3,550
1,407
2,790
Income taxes
do
89
58
74
290
89
387
65
285
76
302
Social security taxes
do
100
67
310
Net expenditures of Government corporations
45
108
-28
-32
-59
-96
136
-757
-18
-161
wholly owned*. .
mil. of dol
-75
187
-870
Government corporations and credit agencies:
30,409
29, 569
33, 553
27, 572
Assets, except interagency total
mil of dol
6,649
5,949
5,425
5,297
Loans receivable, total (less reserves)
do
2,884
2,860
2,935
2,873
To aid agriculture
do
659
704
825
759
To aid home owners
do
171
171
To aid railroads
196
195
do
192
182
196
To aid other industries
200
do
19
20
22
25
To aid banks
do
295
237
235
185
To aid other financial institutions
do
2,284
1,632
655
989
Foreign loans.. .
do
623
641
715
656
All other
do
1,265
1,429
1,918
1,459
Commodities supplies, and materials mil of dol
1,873
1,836
1,789
1,767
U. S. Government securities
do
547
dn
390
285
Other securities
401
16,924
16,973
20, 784
15, 557
Land, structures, and equipment.
do
3,152
2,992
All other assets
dn
2,961
3,480
5,101
5,004
5,752
6,856
Liabilities, except interagency, total
do
Bonds, notes, and debentures:
261
377
325
536
Guaranteed by the United States
do
1,252
1,250
1,234
1,133
Other
do
3,588
3,377
4,193
5,187
Other liabilities
do
498
496
482
479
Privately owned interests
do
24,810
24,069
21,338
26, 218
U. S. Government interests...
_
..do....
'Revised.
* Preliminary.
* Deficit.
i Average for July 11-31.
2 partly estimated.
<g> Data are on the basis of Daily Treasury Statements (unrevised)
A Data contain series published in the 1942 Supplement but suspended during the war period; data for November 1941-February 1945 will be published later.
• Quotations are for foreign silver through July 1946; thereafter they apply also to domestic and Treasury silver if such silver enters into New York market transactions,
d" For 1941-44 data for 629 companies and the industrial groups, see p. 31 of the October 1946 Survey.
t For 1941 revisions see p. S-17 of the November 1942 Survey.
* New series. For data for 1929-40 for profits and dividends of 152 companies see p. 21 of the April 1942 Survey; 1941-44 revisions are available upon request. Data beginning
July 1940 for expenditures for the U. S. war and defense program are shown on p. 29 of the June 1943 Survey; beginning July 1945 data are from the Treasury Daily Statements. See
note marked "*" on p. S-17 of the February 1947 Survey for references to brief descriptions and the earliest data published for the series on net income of electric utilities, bank
deposits and currency outside banks, and U. S. savings bonds; data for the bank deposits, etc., beginning January 1947 are for the last Wednesday of the month instead of the end of
the month. Data for expenditures of Government corporations have been shown on a revised basis beginning in the September 1946 Survey: see note in that issue for an explanation.
• t Revised series. Data for government corporations and credit agencies have been shown on a revised basis beginning in the May 1946 Survey; data for certain items were further
revised in the October 1946 issue (see note on p. S-18 of the February 1947 Survey for further information on these series),
S-18
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
February
April 1947
1946
1947
February
March
April
May
June
July
1947
August
September
October
Novem- Decem- Januber
ber
ary
FINANCE—Continued
PUBLIC FINANCE (FEDERAL)—Continued
Reconstruction Finance Corporation, loans outstanding,
end of month, totalf
mil. of dol..
Banks and trust cos., incl. receivers...
_._do
Other financial institutions
do
Railroads, including receivers
do
Loans to business enterprises, except to aid in national
defense
__.mil. of dol__
National defense
do
Other loans and authorizations
.do
1,267
186
60
146
1,807
229
99
171
1,776
223
89
172
1,680
221
87
171
1,689
219
85
171
1,474
214
83
171
1,453
212
81
148
1,433
208
51
147
1,327
206
50
147
1,273
203
49
147
1,279
203
49
147
1,287
201
50
147
1,270
188
54
146
174
312
390
146
703
459
175
689
427
140
642
420
143
656
416
171
419
416
168
429
415
158
459
410
160
358
406
158
318
397
165
320
396
168
327
395
172
318
391
1,180
1,305
1,937
1,786
1,542
1,859
1,360
1,088
1,320
1,957
1,708
1,122
239
25
33
1,168
280
74
63
1,680
425
154
103
1,579
637
146
61
1,257
377
129
156
1,633
495
99
126
1,178
345
34
148
1,016
195
55
17
315
24
43
1,148
457
125
47
1,799
660
138
20
1,632
236
16
60
297
104
33
151
9
883
803
80
417
134
79
194
10
888
805
83
682
424
140
99
19
1,255
967
71
844
299
430
77
38
943
793
150
663
421
182
35
24
879
755
124
672
289
342
9
33
1,186
1,053
132
497
399
41
3
54
863
778
65
267
134
113
20
1
821
742
77
383
214
126
40
3
893
703
50
629
540
63
19
8
691
619
71
'818
232
487
47
52
1,139
936
170
312
220
47
33
13
1,396
1,170
226
291
405
SECURITIES ISSUED
Securities and Exchange Commission:f
Estimated gross proceeds, total-mil. of dol..
By types of security:
Bonds, notes, and debentures, total
do
Corporate
_
do
Preferred stock
.do.._.
Common stock
do
By types of issuers:
Corporate, total-..
do
Industrial
do
Public utility...
....do....
Rail
do....
Other (real estate and
financial)
do
Non-corporate, total <g>.
do
U. S. Government
.do
State and municipal.
do
New corporate security issues:
Estimated net proceeds, total
.do
Proposed uses of proceeds:
New money, total
do
Plant and equipment
...do
Working capital
.do
Retirement of debt and stock
do
Funded debt
do
Other debt-,..
_
-do
Preferred stock
_
do
Other purposes
do
Proposed uses by major groups:§
Industrial, total net proceeds..
.do
New money
do
Retirement of debt and stock
do
Public utility, total net proceeds.
.do
New money
do
Retirement of debt and stock
...do
Railroad, total net proceeds._
do
New money
do
Retirement of debt and stock
do
Commercial and Financial Chronicle:
Securities issued, by type of security, total (new
capital and refunding)!
_
thous. of dol_.
New capital, total!
_
do...
Domestic, total!.
.do...
Corporate!
do...
Federal agencies.._
do...
Municipal, State, etc
do...
Foreign
._
do...
Refunding, totaltdo...
Domestic, totalt
..do...
Corporate!do...
Federal agencies
do...
Muncipal, State, etc
do...
Foreign
do...
Domestic issues for productive uses (Moody's):
Total
mil. of dol
Corporate
do...
Municipal, State, etc
_..do..
Bond Buyer: State and municipal issues:
Permanent (long term)..
thous. of dol..
Temporary (short term)
do.
1,276
825
643
703
518
261
377
617
55
44
289
257
2
30
17
213
148
65
433
320
57
56
21
153
91
62
658
514
28
116
14
245
169
77
331
285
14
32
67
327
198
129
351
265
46
40
25
344
126
219
164
94
50
21
10
138
101
37
117
38
18
60
202
160
42
169
36
122
12
5
511
329
183
623
557
66
173
97
59
17
12
179
131
46
127
82
7
38
2
100
26
59
32
1
31
150
1
148
126
94
15
78
1
77
192
2
190
412
198
195
138
6
132
98
1
97
289
127
154
424
5
418
76
7
69
405
206
166
179
10
135
35
9
26
325
131
171
338
181
156
9
421
326
91
41
6
34
3
3
0
130
108
16
111
13
98
19
16
3
210
71
133
124
108
17
40
21
19
530
470
53
61
18
33
18
18
0
226
145
70
483
411
72
47
35
12
217
128
87
45
15
29
33
28
5
437, 6o2 '436,242
258, 679 122,919
248, 584 122, 291
47,089
118,248
18, 280
34, 300
56,922
96,035
0
10,095
178,972 '313,323
'313,323
178,972
30, 923 •270.262
20,060
24, 035
23,001
1,203
0
122, 811
562,023
200,449
199,549
127, 315
15,970
56,264
900
361,574
338,374
284, 215
22, 980
31,179
23,200
431,025 551,683
231,340 352,955
231,340 352,965
170,290 256,539
0
47,265
61,050 49,150
0
0
761,054
659,364
659,364
589,878
0
69,486
0
101,690
101,690
86,316
13,395
1,979
0
78
22
56
117
67
50
199
144
55
97,628
77, 227
76,164
59, 710
88,974
23,909
85,176
57,582
573
1,048
936
895
856
645
755
622
712
575
697
~547'
37
17
20
240
222
2
16
15
1,096,7111
373,340
373,340
289,600
22,420
61,321
0
723,371
698,371
362,663
325, 685
10,024
25,000
,044,800
309,593
301, 752
191,830
6,855
102,967
7,841
735,207
727,605
663,502
17,180
46, 923
7,602
866,896
424,631
424,631
307,350
9,145
108,136
0
442,266
422,766
366,065
40,580
16,120
19, 500
931,287
491,013
491,013
366,543
0
124,470
0
440,274
385,774
345,174
32,920
7,680
54, 500
569,921
419,510
418,510
354,302
0
64,208
1,000
150, 411
125,661
92,057
32,920
684
24, 750
188
104
84
236
153
83
306
210
96
143,933 130,851 138,678
14, 734 56, 461 141,185
306
, ,
788,447
788,447
668,968
0
119,479
0
223, 097
189, 597
105, 385
33,940
50, 271
33,500
649
533
116
622,874
487,806
487,229
251, 532
20,835
214,862
577
135,067
135,067
102, 635
21,500
10,932
0
199,685
198,925
144,180
38, 455
16,605
760
198,728
198, 728
65,208
132,645
875
0
239
175
64
188
127
61
293
246
47
528
459
67,526
3,482
89, 389
131,893
53,290
62,729
78,194
47,388
175,449
10,685
• 229,216
'77,979
745
723
631
583
571
442
653
377
647
305
729
253
720
238
723
537
453
217
693
210
687
261
115
146
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. members carrying
margin accounts)^
Customers' debit balances (net)...
Cash on hand and in banks
Money borrowed
Customers' free credit balances
..mil. of dol.
..do...
.do...
do...
_.
217
681
370
498
651
533
Bonds
Prices:
105.29 103.89
105.19
104. 21 103. 52 103.10 102.15
104.03
102.46
102.89
Average price of all listed bonds (N. Y. S. E.). dollars.. 102. 86
102.00
102. 64
105.59
105. 69 104.25
103. 92 103. 49 102.56
103. 27
104.40 104.61
102.88
102.41
103. 30
Domestic
..do.
103. 07
82.11
82.69
80.97
81.64
80.15
76.89
83.16
77.95
77.19
77.12
Foreign
_
_.
_
do.
77.20
82.88
76.18
Standard and Poor's Corporation:
Industrials, utilities, and rails:
124.5
123.7
122.6
122.7
122.8
High grade (15 bonds)
dol. per $100 bond..
121.8
121.6
124.5
124.3
123.9
124.0
123.8
121.5
Medium and lower grade:
119.1
120.0
120.1
119.9
119.5
119.5
119.1
117.4
116.8
115.8
115.9
116.3
115.9
Composite (50 bonds)-do.
124.4
124.5
124.4
123.9
123.9
123.4
124.0
123.3
123.7
122.2
122.5
123.5
123.0
Industrials (10 bonds).
do
116.1
115.9
115.8
116.0
116.0
115.4
114.7
112.4
115.3
112.9
112.6
111.2
111.9
Public utilities (20 bonds)
.do.
119.6
119.9
119.6
118.6
118.7
117.7
114.3
114.3
112.3
112.7
114.3
118.5
112.9
Railroads (20 bonds)
do.
85.4
82.7
83.6
81.8
83.2
78.8
65.4
69.3
62.7
63.6
68.3
67.7
80.1
Defaulted (15 bonds)
do.
143.4
143.4
144.1
142.1
142.0
140.0
137.8
133.1
136.0
136.8
134.4
133.4
140.9
Domestic municipals (15 bonds)f
..do.
r
Revised. §Small amounts for "other corporate," not shown separately, are included in the total net proceeds, all corporate issues, above.
^Since February 1945 data are from the New York Stock Exchange except for June and December data are estimates based on reports for a sample group of firms.
(^Includes for certain months small amounts for nonprofit agencies not shown separately. JSee note in the April 1946 Survey regarding revisions in the data for 1944.
fRevised series. The classification of Reconstruction Finance Corporation loans was revised in the November 1943 Survey (see note in that issue); the figures include payments
unallocated, pending advices, at end of month. There have been unpublished revisions in the 1941-44 data for security issues compiled by the Securities and Exchange Commission
as indicated from time to time in notes in the Survey; and revisions in the 1945 data as shown in the September 1946 and earlier issues; all revisions will be shown later. For an explanation of the revision in the price series for municipal bonds and data beginning February 1942, see p. S-19 of the April 1943 Survey; earlier data will be published later.
April 1947
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
February
S-19
1947
1946
1947
February
March
April
May
June
July
August
September
October
Novem- Decem- Januber
ary
ber
FINANCE—Continued
SECURITY MARKETS—Continued
Bonds—Continued
Prices—C ontinued
U. S. Treasury bonds (taxable)t-dol. per $100 bond..
Sales (Securities and Exchange Commission) :
Total on all registered exchanges:
Market value
thous. of dol
Face value __
do
On New York Stock Exchange:
Market value
do
Face value.
_
do
Exclusive of stopped sales (N. Y. S. E.), face
value, total
thous. of dol._
U. S. Government
.
do
Other than U. S. Government, total...do
Domestic . _
do
Foreign.,
_ _ do. __
Value, issues listed o n N . Y . S . E . :
Face value, all issues
mil of dol
Domestic
do
Foreign
_.
do
Market value, all issues
do
Domestic ._ .
do
Foreign
_
do
Yields:
Domestic corporate (Moody's)
percent..
By ratings:
Aaa
do
Aa
.
do
A..
_
_.
do
Baa
do
By groups:
Industrials
do
Public utilities . .
do
Railroads
do
Domestic municipals:
Bond Buyer (20 cities)
do
Standard and Poor's Corp. (15 bonds)
do
U. S. Treasury bonds, taxable f
-do
104.4
106.0
106.5
106.6
104.8
105.3
104.9
104.1
103.3
103.6
103.7
103.9
104.3
73,249
100, 247
117, 243
154, 582
98,956
121,413
107, 506
131, 595
89,462
107,064
83, 438
97,833
73,743
90, 590
72,691
94,121
104,881
167,352
85,870
131,885
66, 551
97,458
121,416
161, 049
100, 265
136, 235
68,979
95, 349
110,162
146,310
91,234
113,002
100, 481
123,634
84,330
100,995
73,706
91,898
69, 459
85,918
69,346
90,244
99,647
160,265
81,197
125, 782
62,101
91,836
116, 541
154, 937
95,470
130, 028
79, 987
98
79,889
74, 530
5,359
129,337
605
128,732
122, 533
6,199
105, 018
720
104,298
95,912
8,386
122,337
10,318
112,019
104,968
7,051
93,952
4,299
89,653
84, 310
5,343
84, 033
256
83,777
77,609
6,168
79,886
181
79,705
72,473
7,232
78,010
279
77,731
72,441
5,290
149,259
468
148,791
142,298
6,493
112,738
392
112, 346
106,488
5,858
95,127
225
94,902
89,201
5,701
127, 553
265
127,288
120, 544
6,744
125,491
126
125, 365
118, 519
6,846
137,106
134, 956
2,150
141, 033
139, 373
1,660
139, 299
136,890
2,409
146, 524
144, 546
1,978
138,831
136,423
2,407
146,181
144,190
1,990
138,519
136,143
2,375
143,904
141,936
1,969
138,364
135,968
2,396
143,944
141,951
1,992
136,648
134, 281
2,367
142, 406
140,474
1,932
136,596
134, 257
2,339
141,407
139, 513
1,894
136,714
134,441
2,273
140,958
139,137
1,822
136,838
134, 569
2,269
139,784
138,015
1,769
136,880
134,644
2,236
140, 245
138,520
1,726
136, 787
134, 584
2,203
139, 521
137,827
1,694
137,165
134, 995
2,170
140, 793
139,139
1,653
137,006
134,859
2,148
140,966
139, 310
1,656
2.78
2.68
2.66
2.67
2.71
2.71
2.71
2.73
2.79
2.82
2.82
2.83
2.79
2.55
2.64
2.79
3.12
2.48
2.56
2.70
2.95
2.47
2.54
2.69
2.94
2.46
2.56
2.69
2.96
2.51
2.58
2.73
3.02
2.49
2.59
2.73
3.03
2.48
2 59
2.72
3.03
2.51
2.62
2.74
3.03
2.58
2.68
2.80
3.10
2.60
2.70
2.84
3.15
2.59
2.69
2.84
3.17
2.61
2.69
2.83
3.17
2.57
2.65
2.79
3.13
2.61
2.72
3.00
2.54
2.65
2.83
2.54
2.64
2.80
2.57
2.65
2.78
2.60
2.69
2.84
2.59
2.70
2.85
2.58
2.69
2.86
2.58
2.70
2.89
2.64
2.75
2.98
2.65
2.76
3.05
2.66
2.77
3.05
2.66
2.77
3.04
2.63
2.73
3.00
1.97
1.99
2.21
1.29
1.49
2.12
1.29
1.49
2.09
1.37
1.45
2.08
1.36
1.54
2.19
1.41
1.55
2.16
1.51
1.60
2.18
1.58
1.65
2.23
1.73
1.75
2.28
1.66
1.84
2.26
1.78
1.80
2.25
1.85
1.97
2.24
1.81
1.92
2.21
Stocks
Cash dividend payments and rates, 600 cos., Moody's:
Total annual payments at current rates._mil. of dol.. 2,195. 70 1,900. 31 1,908. 54 1,919. 71 1,911.77 1,943.39 1,957.89 1,952.00 1,954.89 2,002.26 2, 065.80 2,110. 73 2,128. 87
954. 65
954.65
954. 65
941.47
954.65
954.65
941.47
941.47
941. 47
Number of shares, adjusted
millions
941 47
941. 47
941 47
941 47
2.21
2.23
2.16
2.30
2.08
2.10
2.06
2.07
2.02
2.04
2.03
2.08
Dividend rate per share (weighted average)..dollars..
2.03
3.21
3.20
3.21
Banks (21 cos.)
do
3.21
3.21
3.20
3.20
3.21
3.21
3.21
3.21
3.21
3.21
2.19
2.22
2.12
2.32
2.02
2.03
2.05
Industrials (492 cos.)
.
do
1.95
1.96
1.97
2.01
2.03
1.97
2.59
2.59
2.59
2.58
2.59
Insurance (21 cos.)
do
2.59
2.58
2.58
2.58
2.58
2.58
2.58
2.58
1.90
1.92
1.82
1.82
1.88
1.90
Public utilities (30 cos.)
do
1.95
1.81
1.81
1.81
1 81
1 81
1.81
2.77
2.75
2.59
2.76
Railroads (36 cos.)
do
2.71
2.65
2.75
2.81
2.65
2.71
2.71
2.77
2.81
Cash dividend payments publicly reported:*
950.2
158.2
451.8
344.7
Total dividend payments
mil. of dol..
497.6
393.1
162.5
133.6
149.5
396.3
338.8
542.2
83.6
Manufacturing
._ do
74.9
273.8
146.0
237.6
128.6
69.0
278.1
147.0
65.7
71.9
4.1
4.6
24.9
50.2
1.0
Mining
..
do
2.0
4.5
.6
22.5
3.7
96.7
8.6
39.2
25.3
5.4
Trade
do
33.4
9.2
5.7
29.7
29.9
19.8
100.3
52.1
24.5
36.3
31.1
30.9
Finance
do
88.6
24.2
17.1
29.6
50.4
47.6
Railroads
_.
do
12.5
2.0
17.2
17.9
7.6
33.8
4.8
7.2
22.5
29.3
48.1
32.4
45.3
34.9
Heat, light, and power
do
36.5
46.6
41.7
33.3
29.3
35 6
47.6
12.2
.
1
.
3
13.1
47.6
Communications
__
do
.2
13.4
.3
49.8
13.0
51.7
31.2
2.2
17.1
11.8
Miscellaneous.. _
do
15.9
3.4
2.6
13.3
9.7
7.7
1.5
Prices:
Average price of all listed shares (N. Y. S. E.)
'82.4
82.4
78.5
80.2
79.3
Dec. 31,1924=100..
103.2
89.6
92.6
100.2
95.8
96.9
99.1
81.1
63.78
63.97
61.77
62.66
61.10
Dow-Jones & Co. (65 stocks)
dol. per share
75.02
73.81
76.98
77.59
65.83
74.74
73.01
76.63
176.10
174.
38
168.94
172.72
169,48
Industrials (30 stocks)
do
202. 27
207. 32
199.44
181.54
194.37
206.63
199 46
205.81
36.55
51.18
35.23
34.58
40.93
35.05
42.51
40.96
Public utilities (15 stocks)
_.
do
37.17
43.03
40.01
40.38
42.93
36.77
49.56
49.24
47.28
66.64
63.22
61.45
51.74
49.59
Railroads (20 stocks)
. .
do
65.12
62.89
64.77
64.30
119.06
118. 34
114.00
114.14
136.45
118.36
144. 63
140.10
New York Times (50 stocks)
. do
122. 29
136.88
136.03
141.86
143.47
199.92
197. 29
191.65
231. 21
190.32
222. 79
236.11
237.16
225.97
198.49
223. 25
204.82
233. 85
Industrials (25 stocks)
do
39.59
38.21
37.97
38.24
36.58
39.77
50.84
52.11
46.93
Railroads (25 stocks)
do
48.99
50.57
49.27
49.88
Standard and Poor's Corporation:
125.2
125.5
120.6
125.4
122.3
153.2
146.4
Combined index (402 stocks)
1935-39=100..
149.6
128.7
154.3
141.8
151.6
143.3
128.5
128.9
123.8
125.9
150.4
128.8
Industrials (354 stocks)
do
156.9
132.6
158.8
153.4
144.5
155.9
145.8
117.6
117.9
111.5
112.4
135.2
Capital goods (116 stocks)
do
114.6
121.6
141.7
142.7
130.8
139.4
138.9
133.6
133.8
133.5
130. 0
132.3
159.3
Consumer's goods (191 stocks).
do...
139.7
172.0
136.9
159.2
170.1
166.7
159.5
162.7
110.7
109.8
105.5
107.2
125.3
Public utilities (28 stocks)
do
111.4
129.3
122.8
127.5
109.7
123.7
130.4
127.7
114.7
118.8
113.3
110.2
147.1
Railroads (20 stocks)..
do
118.8
157.2
153.6
156.8
159.8
119.0
161.8
153.6
Other issues:
106.2
108.7
105.0
108.5
Banks, N. Y. C. (19 stocks)
do
118.7
107.5
118.9
115.9
116.5
116.6
120.2
103.9
121.3
122.3
117.6
115.8
119.4
113.8
Fire and marine insurance (18 stocks)
do
133.9
141.8
136.9
134.7
125.8
141.6
144.2
143.8
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
_
thous. of doL. 1,143,785 1,930,314 1,480,187 1,869,130 1,774,725 1,409,683 1,223,124 1,163,513 1,902,717 1,296,654 1,118.029 1,273,035 1,100,006
47, 312
56,527
54, 552
51,669
45,915
81,805
Shares sold
thousands
70, 514
56, 794
72, 381
60, 206
90,863
53, 518
47, 768
On New York Stock Exchange:
Market value
thous. of dol.. 943, 861 1,574,139 1,217,250 1, 504, 771 1,427,037 1,149,180 1,014,338 982,461 1,616,631 1,103,151 950,904 1,074,021 918,463
32,628
39, 723
36,955
38,919
32,188
32,196
60,438
52,604
36, 609
47,002
46, 326
35,865
Sharessold
thousands.. 34,109
Exclusive of odd lot and stopped sales (N. Y.
23, 557
29, 834
23,819
30,384
20,807
43, 450
21, 717
25,664
20, 595
23,758
34, 093
30, 410
31,427
Times)
thousands
Shares listed, N. Y. S. E.:
69,627
68, 595
65, 741
66,864
66,115
84,043
79,132
74,350
77, 932
80, 943
80,929
74,165
Market value, all listed shares..
.mil. of dol.. 68,839
1,779
1,771
1,738
1,756
1,764
1,645
1,666
1,686
1,719
1,750
1,786
1,628
Number of shares listed
_
millions..
1,620
' Revised.
*New series. For data for dividend payments for 1941-42, except for minor 1942 revisions, see p. 20 of the February 1944 Survey; revisions in the 1942figuresshown on that page
and 1943-44 figures are on p. 31 of the February 1947 issue.
t Revised series. Revised figures through 1943 for prices and yields of U. S. Treasury taxable bonds and a description of the data are on p. 20 of the September 1944 Survey.
Yields through December 1945 for partially tax-exempt Treasury bonds are shown in the April 1946 and earlier issues of the Survey.
S-20
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
February
1947
April 1947
1946
February
March
April
May
June
July
1947
August
September
Octo
ber
Novem- December
ber
January
FINANCE—Continued
SECURITY MARKETS—Continued
Stocks—Continued
Yields:
Common stocks (200), Moody's.
percent__
Banks (15 stocks)
do
Industrials (125 stocks)
do
Insurance (10 stocks)
do
Public utilities (25 stocks)
-do
Railroads (25 stocks)
do
Preferred stocks, high-grade (15 stocks), Standard and
Poor's Corporation
percent_.
4.7
4.2
4.6
3.3
4.7
6.8
3.8
3.7
3.6
3.0
4.0
5.1
3.6
3.6
3.4
3.0
4.0
5.1
3.5
3.6
3.3
3.0
3.9
5.1
3.4
3.7
3.2
3.0
3.7
4.5
3.5
3.7
3.4
3.1
3.9
4.8
3.7
3.7
3.5
3.2
3.9
5.2
3.9
3.8
3.8
3.2
4.2
5.6
4.4
4.0
4.1
3.6
4.6
6.5
4.4
3.9
4.3
3.5
4.7
6.3
4.6
4.0
4.4
3.6
4.8
6.9
4.5
3.71
3.49
3.45
3.42
3.47
3.46
3.43
3.44
3.57
3.65
3.70
3.76
39
4! 4
3.5
4.6
6.6
FOREIGN TRADE
INDEXES
Exports of U. S. merchandise:
Quantity
Value
__
Unit value
Imports for consumption:
Quantity
Value
Unit value
Agricultural products, quantity^
Exports, domestic, total:
Unadjusted...
Adjusted
Total, excluding cotton:
Unadjusted.
Adjusted
Imports for consumption:
Unadjusted
Adjusted..
1923-25=100.
do__do...
305
173
174
101
209
211
101
192
199
103
213
219
103
220
230
105
202
217
107
218
231
106
154
168
109
127
142
112
226
259
115
249
291
117
do...
do...
do...
133
107
96
90
128
117
92
135
124
92
131
122
93
124
116
95
139
132
95
130
130
100
119
118
100
120
124
104
141
147
105
146
156
107
1924-29 = 100.
do...
108
124
118
128
105
128
118
161
107
153
95
128
102
76
108
90
do...
do...
174
203
185
200
160
186
113
148
156
183
173
210
127
131
101
87
136
113
160
142
do_._
do...
84
106
90
106
95
99
156
187
94
112
99
112
101
90
108
117
109
112
19, 025
10,112
15, 408
9,891
19, 275
9,679
23,534
12,490
24,646
11,620
21,078
11,461
17,301
10,566
18, 899
10,909
17,444
10,767
SHIPPING WEIGHT*
Exports, including reexports
General imports
VALUE§
mil. of lb.
do. _.
20, 991
10,712
16,808
9,101
13,314
10, 925
Exports, total, including reexports
thous. of dol._ 1,152,950 669, 861 815, 355 756,842 850, 554 877,683 825, 570 882,993 642, 711 536, 746 987, 468 1,096,526
12, 477
Lend-lease*
do
8,557
96, 325 116, 215 80, 442 66,614
57,194 37,092 33,809
3,483
7,201
7,587
By geographic regions:
42, 349 48, 276 46,932 50, 627 42,166 31,832 43, 789 27, 553 16, 081 53,070 46, 463
Africa
do
81,050 110, 505 104, 394 130, 875 157,933 130,312 137,854 99, 470 67, 263 121, 680 208, 207
Asia and Oceania
do
320, 438 391,882 339,184 383, 383 370, 669 379, 757 354,879 233, 960 168, 582 389, 885 361,462
Europe
do
83, 535 101,556 106, 641 108, 629 117, 804 123, 836 137, 080 135, 651 158, 202 157, 786 156, 202
Northern North America
do
72,017 82, 936 77, 594 84, 999
79,293
73,395 120, 557 143,415
77, 094 96,168
Southern North America
do
71,511
80, 200 82, 097 92, 222 100,823 82, 593 113,224 60, 948 53, 313 144, 489 180,777
South America
-do
Total exports by leading countries:
Europe:
70, 505 62, 577 52, 796 46, 382 27, 530 21,190 67, 492 54,669
France
do
07, 936 89, 369 78,033
1, 646
7,212
3,515
8,518
2,331
Germany
do
7,983
11,098
15, 636
11, 689 10,943
1,131
4,424 31,056 31,846
31,004 21, 651
Italy
do
34, 507 41, S09 35, 004 31,187 37,234 40,146
11,106
38,079
42, 671 12,531
16,039
Union of Soviet Socialist Republics (Russia).-do
29, 896 32, 081 30,187 30, 531 48,090
14,078
SO, 163 63,033
68,094 62,919
73,160
70, 755 66, 699 46,037 102, 586 74,035
60,013
United Kingdom
do-_.
North and South America:
Canada
do..82,216 98,137 103, 680 105, 373 114,925 121,198 134, 236 133,784 156, 252 153, 547 152, 752
Latin American Republics, total
do.-_
132,008 154,136 150,753 167, 342 180, 272 151,903 199,486 137,166 121, 392 252, 306 306, 297
Argen tina
do...
9,029
9, 295 10, 537 14, 713 13, 622 14, 628 19,797 13,064 11,953 29, 379 37, 850
Brazil
...do.-.
22,441
26, 494 22, 442 28,053 27,192 26,124 33, 233 20,047 20, 091 47, 760 51,138
7,471
6,047
7,437
7,730
3,605
5,734
5, 645
Chile
do...
4,946
6,280
5,256
11,672
9,124
10,998
16, 382
3,010
14, 212 21,123
Colombia*
do.. _
10, 708 11, 614 12, 435 12,138 15,106
22,
779
17,
231
13,141
36,
439 38,143
24,
752
14,
884
Cuba
do.~20,368 20,031
21,
539
23, 491
31, 527 37, 969 33,910 39, 207 42, 481 38, 209 44,166 45, 744 51, 572 50, 331 57, 554
Mexico
do-_13,103
8,075 27, 321 31, 250
Venezuela*
.do.-.
15, 353 17, 777 17,192 20,124 13,315
19, 990 11, 093
Other regions:
9,319
5,114
8,873
7,096
6,213
Australia
do-._
4,744
7,378
5,420
6,366
5, 854
9,140
120
1,363
472
779
British Malaya
do...
2, 052
809
1,036
803
1,720
412
2,579
24, 313 37, 024 38, 346 58, 458 58,139
China
do.._
42, 220 39, 953 24, 670 19, 094 35, 441 54,590
4,124
2,117
Egypt
do.-2,938
1, 891
3,010
2,684
1,678
3, 909
3, 494
3,261
2,858
7,172
7,802
India and dependencies
do-..
12, 487 13, 504
19, 841 17, 202 15, 738 16, 763 14,145 15, 428 28,435
1
Japan
do.2,762
8,304
3,598 12,416
2
16, 977 16, 946 20, 286 14,217
6,363
Netherlands Indies
do. _ 5,580
2,620
2,040
3,288
3,888
7,658
9,494 10, 512 10, 749
3,311
8,069
18, 798 25,132 25, 652 21,251
8,353 25, 401 58, 646
Philippine Islands
do....
23, 685 23,390
17, 823 18,019
7,063 34, 358 23, 282
19, 598 22, 331 22, 007 15, 645 25, 219 13,896
Union of South Africa
do-..
14, 991 18,391
General imports, total
.
d o . . . 434,837 317, 628 384, 489 407,188 397, 381 385,943 433, 758 425, 682 377, 750 393, 736 481, 412 535,832
By geographic regions:
Africa
do_.14,113 38, 747 29, 041 22, 410 20,050 26, S54 33, 756 20, 210 24,662
22,978
73, 497 84,929
73,532
Asia and Oceania
do _..
78, 208 101,328 90, 806 86, 593 78,124 123,404 139,236
78,866
63, 075 58, 273 63,968 76,258 88,877
Europe
do...
66,956 70,511
45, 907 52, 082 65,674 76,950
67, 835 70,880 73, 437 68, 375 80, 506 78,018 81,305 90, 340 88, 074 93, 097
Northern North America
do—
56,431
71,913 63, 577 66, 219 55, 649 69, 207 62, 489 51, 994 52, 310 61, 094 76, 938
Southern North America
do._48,846
80, 383 93,183
85, 092 96, 697 85, 250 97, 533 79, 753 84,331 104,496 114,707
73,465
South America
do. - .
*• Revised.
§ The publication of practically all series on foreign trade included in the 1942 Supplement but suspended during the war was resumed in May 1946 Survey. Export statistics
include lend-lease exports shown separately above, shipments by UNRRA and private relief agencies, and since June 1945 comparatively small shipments consigned to United States
Government agencies abroad; shipments to U. S. armed forces abroad are excluded. Revised 1941 figures for total exports of U. S. merchandise and total imports are shown on p. 22
of the June 1944 Survey; revised figures for 1942-43 for the totals and revised figures for 1941 and later data through February 1945 for other series will be shown later.
*New series. Data on shipping weight of exports and impoits are compiled by the U. S. Department of Commerce, Bureau of the Census; they represent gross weight of merchandise exports and imports, including weight of containers, wrappings, crates, etc. Data beginning January 1943 will be published later. See p. 32 of the February 1946 Survey
for annual totals for lend-lease exports for 1941 45; complete monthly data will be published later; all supplies procured through lend-lease procurement facilities are shown as lend-lease
exports although, since the program officially ceased to operate at the end of the war, the recipient nations have, with few exceptions, arranged to finance them prior to the exportation
of the merchandise. Monthly data prior to February 1945 for Colombia and Venezuela will be shown later.
April 1947
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
February
S-21
1946
1947
February
March
April
May
June
July
1947
August
September
October
Novem- December
ber
January
FOREIGN TRADE—Continued
VALUE §—Continued
General imports—Continued.
By leading countries:
Europe:
France.
thous. of dol...
Germany
do
Italy
do
Union of Soviet Socialist Kepublics
do
United Kingdom
do
North and South America:
Canada
do
Latin American Republics, total.
..do
Argentina
do
Brazil
do
Chile
do___.
Colombia*
do
Cuba
do
Mexico
_
_
-do
Venezuela*
do
Other regions:
Australia
do
British Malaya..
do
China
do
Egypt
do.
India and dependencies
do_
Japan
do
Netherlands Indies
do
Phillippine Islands
do
Union of South Africa
do
Exports of U. S. merchandise, total
do
By economic classes:
Crude materials
do
Crude foodstuffs
do
Manufactured foodstuffs and beverages.
do
Semimanufactures
do
Finished manufactures
do
By principal commodities:
Agricultural products, total
do
Cotton, unmanufactured
do
Fruits, vegetables and preparations
do
Grains and preparations
do
Packing house products
do
Nonagricultural products, t o t a l . . .
do
Automobiles, parts and accessories
do
Chemicals and related products
do
Copper and manufactures
do
Iron and steel and their products
.do
Machinery
do
Agricultural
do
Electrical
do
Metal working
do
Other industrial
.do
Petroleum and products
do
Imports for consumption, total
do
By economic classes:
Crude materials
do
Crude foodstuffs
do
Manufactured foodstuffs and beverages
do
Semimanufactures
____do
Finished manufactures. __
do
By principal commodities:
Agricultural, total
do
Coffee
do
Hides and skins
do
Rubber, crude including guayule...
..do
Silk, unmanufactured
do
Sugar
do
Wool and mohair, unmanufactured
do
Nonagricultural, total
do
Furs and manufactures
do
Nonferrous ores and metals, total
do
Copper including ore and manufactures..do
Tin, including ore
do
Paper base stocks
*
__.do
Newsprint
do
Petroleum and products.
do
1,134,341
423,409
1,478
15
732
8,597
9,481
3,573
24
1,246
4,107
14,605
5,007
29
4,324
7,829
11,391
4,600
2,303
13,880
11,185
14,306
4,804
24
8,099
7,225
15,230
6,441
18
6,671
7,823
12,405
6,124
23
6,282
7,721
11,512
5,245
149
4,571
2,786
14,177
7,298
41
5,133
7,139
10, 269
55,347
117,114
9,103
23,136
8,485
11, 548
18,247
17,175
8,587
65,465
147,431
15,154
29, 526
2,660
13, 078
36, 434
19, 936
7,921
70,363
152,432
18,448
33,535
6,931
12, 003
23,556
25,650
66,548
147,968
17.471
40.472
9,975
9,783
26.620
16,184
8,041
76,607
147,316
14,128
27,290
8,149
14,453
33,151
20,282
8,373
74, 715
154,037
13,912
45,985
3,418
13,048
25,360
18,391
10,324
77,000
125,299
10,908
29,870
4,754
14,224
19, 749
14, 922
11,507
88.167
132,739
10, 021
69,525
145,308
14,814
30,994
7,831
7,964
32,187
17,167
10,090
11,476
9,947
4,890
1,051
22,667
479
40
945
5,320
649,096
11,211
13,281
9,020
9,112
7,495
6,311
2,182
550
21,272 23,878
220
10,697
2,189
1,381
1,552
524
21,631
12,445
786, 643 739,237
7,657
115
8,829
1,384
18, 299
14, 725
194
1,717
10, 920
815,034
7,949
4,649
9,946
1,059
89,894
58,304
134,964
59,804
306,128
111,758 105,354 116,248
62,051
48, 612 34,661
148, 432 125,186 140,130
68,115
79, 958 82,373
396,288 380,127 441,623
250,868
28, 954
30, 361
72,652
41,595
398, 227
26,645
35, 676
283,106
37,846
28, 290
68, 722
48,072
503, 538
29, 730
44,342
2,794
28, 917
109,302
11,172
20,635
16,423
56, 997
36.936
373,750
3,655
26, 582
82, 220
10,031
16, 532
9,638
42, 281
29, 530
306, 984
109,293 134,185
58,958 64,604
28, 741 46, 708
53,680 65,015
56,312 63, 237
17.621
14,689
664
2,597
9,717
145,807
69,467
38,823
68,199
72,340
139,878
62,403
45, 940
72,399
69,121
149,648 189,605 • 195,274 185,912
30,388 36,010
37, 545 36,489
3,209
4,816
4,491
5,580
24,116
4,222
22.937
20, 273
24,428
1,354
862
12,473
12,913
15, 046 20,905
25,414
21,817 30,120
30,453 23,959
157,337 ' 184,144 ' 199,361 • 203,827
13,992
17,434 24, 738
11,472
14, 648 16,389
19, 583 20, 551
5,572
3,280
1,997
7,256
3,910
4,352
3,889
3,011
9,854 11,638
11,691
9,700
18,073 20, 687
14, 930 16, 795
11,389
10, 235
11, 237 13,380
115,589
39,118
81,564
61,287
329,385
162,912
53,101
52, 711
84,637
152,201
72,193
43,430
78,018
68,426
174,939
189,911
31,844
7,149
14, 548
14, 267
23,880
28,530
231,477
30, 503
24, 584
7,907
6,261
19,588
21, 362
15,127
201,657 • 178,730
47,886 36,816
6,657
7,072
19, 654 22,537
12,631
3,211
16,159
12,052
25,411
23,459
212,611 • 198,929
22, 745
8,363
21,683
17,364
4,945
6,513
6,036
898
15,357 14,026
20,925 20,801
15,124 15,289
4,122
6,744
19,683
15,144
20, 017
196,433
19,572
20,035
4,639
5,146
13,967
17, 382
11,320
6,167
252
5,392
9,006
16,892
84,110 90,187 79, 278
159, 776 185,610 183,579
13,907 23,016 26,658
16,382
30, 049 37, 792 37, 277 51,482
8,770
6,719
7,263
4,648
16, 550 20,142 18,176
11,644
29,276 36,168
23,936
27,553
18,140
25,024
19, 984 23,441
10,523
13,644
14,201
9,973
93,601 171, 735 135, 231
29,008 51, 340 68,347
42,150 107, 725 149,720
50, 760 82,914 105,381
313,245 551,961 624,559
• 291,840 • 253,947 • 187,244 121,475
58,858 34,316
50,425
17,101
24, 571 17,911
11, 523
13,666
65, 542 62,284
51, 543 29,643
35, 280 19,263
47,365
4,338
" 515,638 • 606,160 • 439,698 • 407,289
38,297 51,357 42,862 39,804
40,057 43,827 30,257 27,409
3,534
2,738
1,994
1,205
45,639 30,847 26,756
35,345
119, 224 137,475 83,724 89,673
17,074 12,044
14,104
12,677
32, 260 18,581
24,985
23,608
15,358
16,343
7,977
9,477
58, 046 66,588 41,372 39, 253
35, 797 43,016 35,003
27, 574
421,388 414,268 377,659 395,479
121,068
68,636
40,148
76,803
64, 716
46, 779
8,610
125
8,004
15,944
14,224
15,041
18,485
7,724 14,148
17,139
12,710
11,822
8,284 14, 479 19, 795 19, 093 15,347 49,860
11, 792
7,061
12,656
11,593
7,123
5,183
8,041
15,582
2,892
651
1,779
7,058
3,312
1,345
1,068
9,467 17,534 20,593
9,290 27,618
24,944 27,901
11,095
12, 378
2,276
14,307 25,917
2,780
8,445
2,773
2,486
6,609
5,660
3,292
8,044
4,545
4,402
3,636
3,635
5,891
3,338
11,195
10,789
14,641
15,990
13, 904 10,363
14,443
9,064
8,497
807,478 860,106 626,942 528, 764 965,675 1,083,238 1,096,204
122,544 120,122 138,557
79,193 53,988 53,340
134, 521 165,157 116,815
76, 622 71, 279 81, 383
445,153 396,933 470,012
251,909 273,498 • 304,631
38,622 56,623
52,812
28,999
24,505
27, 760
56,424 42,174 88,646
30,496 49,376 48,214
• 487,329 • 541,537 553,402
36, 277 48,830 43,463
46,116 46,351
46,424
2,418
2,952
2,173
38,108 41, 258 35, 709
100,155 111, 204 125,553
11,967
9,776 11,866
17,944 24, 232 25,381
17,176
13,344 16,892
54, 906 52, 980 66, 262
36, 082 40,347 39, 025
394,637 389,741 371,371
7,372
403
9,544
1,809
18, 476
290, 478
69,114
19, 428
71,494
13,377
675,197
75, 952
44,651
4,827
44,843
148,039
16, 294
35, 490
14, 574
74, 237
35,954
469, 741
321,002
56, 785
44,184
96,344
19, 272
762,236
70,816
57, 111
6,256
51, 236
154,438
18,600
40,605
14,542
71, 204
41,513
497,550
135, 267
63,025
132,382
114,370
651,178
291,645
47, 713
36,026
89, 224
18, 535
804, 577
72, 359
52,424
6,184
57,157
166,333
19,344
38,119
19,867
79,155
37,137
537,495
133,792 136, 989 161, 757 169,046 210, 425
60, 761 59,012 77, 313 91, 259 112,168
38,599 39, 276 47,352 48,078 38,042
75, 726 86,383
88,128 101,145 95,591
68, 781 73,819 95,192 88.021 81, 269
176,084 228,932 252,381
50,433 62,896
32,080 43,909
10, 256
7,724 11,595
8,655
25, 578 51,035
25, 562 30,934
13,922 24, 247
5,943
745
18,122
17,035
10, 384 15,413
19,441
22,665
17,111
20,160
219, 395 240, 809 245,169 228, 709
15.168
14,179
24,662 14, 796
25,445 26,535
32,143 29, 742
7,343
8,969
9,580 12, 511
3,762
3,800
4,217
2,778
18,129
15,245
13,021
14.022
22,830 26,318 25,916 23,763
13,290 12,981
14,753 19,379
TRANSPORTATION AND COMMUNICATIONS
TRAN SPORT ATION
Airlines
Operations on scheduled air lines:
19,783
24,108
23,164
26, 515
Miles
flown
thous. of miles..
26,019
27,796
28,749
27,988
27,971
24,647
26,909
5,429
7,232
8,204
Express and freight carried.
thous. of lb._
10,909
8,722
9,911
11,994
15,008
18,275
16,414
24,010
1,648
Express and freight ton-miles flown*.thous. of miles. _
2,982
2,227
2,390
2,387
2,666
3,170
3,643
4,620
4,389
6,318
Passengers carried
number..
723,187 917,945 1,057, 641 1,150,846 1,299,480 1,340,733 1,493,137 1,428,444 1,287,338 1,080,180 1,112,630
Passenger-miles
flown
thous. of miles..
332,315 408,201
463, 294 514,999 565,087 573,693 628,038 616,961 563,229 473, 219 512,746
Express Operations
Operating revenue
..thous. of dol__
23,919
35,115
24,333
26, 728
25, 626
25,798
26,134
28,084
26, 410
28,327
31,223
25,838
64
92
82
60
73
73
66
55
87
Operating income
do
Local Transit Lines
7.8641
7.8641
7.8669
7.8807
7.8835
7.9168
7.9638
7.9638
7. 9666
7.9666
7.9749 ' 7.9999
Fares, average, cash rate
cents.. 7.9999
1,481,063 '1,479,1401,669,880 1,631,981 1,630,373 1,577,274 1,555,250 1,569,230 1,539,190 1,645,700 1,591,280 1,627,260 1,627,630
Passengers carried f
thousands..
106,900 I 118,700 118,882 119,800 117,000 116,400 117,000 115,200 121,900 118,800 123,700 119,200
Operating revenues!
thous. of dol..
* Revised. §See note marked " § " on p. S-20.
•New series. Data for 1926-45 for ton-miles of express and freight carried on scheduled airlines and data prior to February 1945 for imports from Colombia and Venezuela will t>e
shown later.
fRevised series. Data for local transit line revenues beginning in the April 1944 Survey and passengers carried beginning in the May 1945 issue are estimated totals for all local
transit lines; revised data beginning 1936 will be published later.
S-22
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
February
1947
April 1947
1946
February
March
April
May
June
1947
July
August
September
October
Novem- Decem- Januber
ber
ary
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION—Continued
Class I Steam Railways
Freight carloadings (Fed. Reserve indexes):
Combined index, unadjusted
1935-39= 100..
133
149
182
159
144
89
74
43
136
142
149
171
166
147
111
76
172
145
119
152
114
121
147
126
75
24
113
126
152
107
126
150
158
78
94
121
132
155
166
134
130
111
79
35
136
139
155
165
134
141
140
78
121
143
107
26
93
143
99
127
82
50
141
109
26
95
143
112
143
81
66
143
107
68
61
130
111
103
74
103
125
106
68
62
125
126
114
74
66
123
137
146
138
155
128
96
81
213
139
133
146
140
149
126
118
81
137
135
143
145
172
153
166
135
78
263
142
139
145
177
153
139
166
78
164
141
145
152
177
165
142
113
77
243
146
141
152
184
157
131
118
77
162
145
149
160
181
166
140
120
79
245
150
138
160
183
154
125
91
75
164
139
149
155
180
154
142
197
82
216
151
139
155
183
146
142
128
79
157
139
141
117
166
148
144
171
84
169
154
137
117
166
151
147
136
83
157
148
131
132
163
139
152
118
78
45
139
140
132
155
156
162
122
81
145
148
138
163
184
147
157
118
74
44
139
150
163
175
163
157
123
77
176
152
3,179
736
2,867
740
32
146
209
73
471
25
1,171
3,982
938
66
208
237
79
620
50
1,785
2,605
126
30
177
140
71
516
53
1,491
2,616
327
19
159
154
59
468
108
1,322
4,063
787
49
234
222
67
619
283
1,801
3,407
668
52
181
228
74
471
289
1,444
4,478
925
70
254
255
80
611
347
1,936
3,517
743
55
197
191
63
477
269
1,521
3,680
755
57
192
200
112
519
249
1,597
4,220
712
64
222
248
117
642
240
1,974
3,022
599
48
166
207
63
473
49
1,416
3,168
759
56
167
216
68
445
48
1,409
23
9
16
5
98
1
106
2
18
7
5
14
3
24
2
21
2
31
12
33
16
24
4
20
579,106
518,615 421, 214
70, 766 114,655
509,380 '456, 291
83,415 ' 72, 293
43,146 ' 50, 522
28,589
646,099
483, 776
114, 562
627,890
38,669
d
20,459
d
48,826
566,702
411,819
106,082
508,097
48,476
10,128
d
20,993
532, 553
399, 215
92, 233
492, 201
45,132
d
4,780
d
37, 074
611,939
458,484
106, 604
516,856
57,003
38,080
14, 620
674,040
513,252
112,383
542,164
69,069
62,806
32, 051
710, 224
546,130
112,115
555,892
72,638
81, 693
52, 544
660,402
515,623
95,361
529, 798
63, 241
67,362
39,070
709,938
566,968
89,345
558,424
66,395
85,119
57,280
658,160
522,806
85, 510
536,081
58,005
64,074
38,066
637, 241
493, 531
92, 716
549, 828
d
15, 581
102, 995
88, 775
685, 541
551, 050
82,450
538,968
88, 855
57, 718
28,822
.mil. of dol._
_ _ do
do
do
do .
do
635.2
458.7
127.1
555.3
79.9
51.2
651.2
485.8
115.9
667.4
d
16.2
d 44. 8
565.7
405.2
109.8
561.6
4.0
d27.8
515.0
381.4
93.3
524.5
d
9.5
d
41.4
638.7
488.6
102.9
586.1
52.6
19.8
650.8
500.0
103.0
602.5
48.3
16.1
664.3
512.6
100.0
613.3
51.0
18.4
672.8
528.5
95.7
604.6
68.2
36.5
663.1
521.8
91.3
606.0
57.1
24.8
663.0
524.3
89.4
601.2
61.8
29.4
658.1
520.5
91.0
' 523.0
r 135. 1
98.0
698.3
559.0
86.0
623.8
74.5
37.4
mil. of tons
cents .
millions
48, 735
.935
6,079
56, 510
.924
5,955
39,841
1.101
5,472
42,406
1.012
4,726
53, 524
.921
5,387
55,236
.989
5,720
59,466
.979
5,712
56,399
.975
4,927
60,848
.988
4,466
54,878
1.007
4,267
52, 712
.997
4,543
57, 019
1.034
4,120
Clearances, vessels in foreign trade:O
Total, U. S. ports
__
thous. net tons._
Foreign
do
United States
...
. . . ..
..do
' 5,830
' 1, 546
r
4, 284
6,483
1,735
4,748
' 6,194
2,029
' 4,165
5,825
2,126
3,699
7,202
2,179
5,022
' 7, 509
' 3, 029
' 4, 481
8,025
3,323
4,701
6,220
2,775
3,445
4,986
2,959
2,027
6,843
2,729
4,114
5,768
2,009
3,759
dollars
4.12
93
205
3.97
95
210
4.38
94
226
3.95
93
235
4.20
94
250
4.23
89
232
4.45
96
254
4.33
94
236
4.36
95
226
4.44
90
241
4.16
84
208
4.25
90
214
number
do
do
do
27,340
26,795
859
9,575
8,667
99,338
35,092
25,912
1,138
18,047
12,986
129,260
29,941
23,945
1,716
19,390
15, 047
187,377
28,106
23,064
1,772
16,859
22,091
276,674
27,009
29,330
33, 287
34,211
27,708
34,270
2,166
2,907
1,884
13,451
13,651
10,988
21,802
22,437
18,505
621,794 1,075,421 1,152,584
34, 509
29, 922
1,764
10, 869
14,536
695,958
14,470
271,570
13,500
118,066
14,186
87,287
17,989
97,348
Coal
do
Coke
-- - do
Forest products
_
do
Grains and grain products
do
Livestock
.
do
Merchandise 1 c. 1
do
Ore
.
_.
do. _.
Miscellaneous
__
_do
Combined index, adjusted!-___ . _
do
Coal!do
Cokef
do
Forest products
.
.do.
Grains and grain products!
_
do
Livestockf
do
Merchandise, 1. c. 1
do
Oref --do
Miscellaneous!
_
do_.
Freight carloadings (A. A. R.):<g>
Total cars
.
thousands
Coal
_
do
58
Coke
do
195
Forest products
...
.
_.
do...
202
Grains and grain products
do
49
Livestock
do
461
Merchandise, 1. c. 1
do
49
Ore
do
1,430
Miscellaneous
_ do
Freight-car suplus and shortage, daily average:
3
Car surplusf
thousands
31
Car shortage*
_. _ . . . do
Financial operations (unadjusted):
635.940
Operating revenues, total
thous. of dol
Freight
Passenger
_
Operating expenses
Taxes, joint facility and equip, rents
Net railway operating income
Net income!
Financial operations, adjusted:!
Operating revenues, total.
Freight
Passenger
Railway expenses
.
Net railway operating income
Net income
Operating results:
Freight carried 1 mile .
.
Revenue per ton-mile,.
_
Passengers carried 1 mile .
do
do
do
do
do
do
Waterway Traffic
Travel
Hotels:
Average sale per occupied room
Rooms occupied
Restaurant sales index
Foreign travel:
percent of total
avg. same mo. 1929=100..
TT S oirizpns arrivals
TT S? piti7pns dpD&rturGS
Effiicrr&nts
Tmmicrrfints
1
Passports issued d" ._
National parks, visitors
Pullman Co.:
Revenue passenger-miles
Passenger revenues
18,468
_ __ do
number.. 122, 349
._ _ .thousands. _
...thous. of doL.
2,082,683 2,196,055 1,899,120 1,628,486 1,774,797 1,666,970 1,637,261 1,499,617 1,408,912 1,165,408 1,149,313
9,059
12,094
10,951
10, 373
9,903
11,084
10,928
9,636
10,470
9,458
8,429
COMMUNICATIONS
Telephone carriers: 1
Operating revenues
Station revenues
Toll*? mpssacfi
.thous. of dol_.
do
do
Operating expenses
do
N p t oDpratinff income
do
Phones in service, end of month
thousands
Telegraph and cable carriers: §
Operating revenues, total
thous. of dol..
Telegraph carriers total
do
Western Union Telegraph Co., revenues from
cable operations
thous. of dol._
Operating expenses
do _
Npt oDpratinsr revenues
do
179,327
98,822
66,340
129,442
23,548
26,067
187,727
101,773
71,762
141,197
21,226
26,435
189,254
103,625
71,230
141,053
23,910
26,782
193,981
104,536
74,922
146,986
23,211
27,086
190, 708
104,153
71,898
143,153
23,614
27,340
192,187
103,589
73,777
154,214
18,359
27,608
194,230
103, 726
75,726
152,346
20,846
27,908
191,642
105,054
71,612
147,636
21,171
28,156
200,127
108,872
75,978
154,864
22 391
28,463
196,489
107,775
73,343
151,471
22 504
28,754
203, 627
110, 477
77,363
159, 272
23, 878
29, 067
13,891
12,777
15,815
14,496
16,064
14,807
16,836
15,546
16,677
15,521
17,915
16,673
17, 573
16,437
16,568
15,372
17,590
16, 275
16,653
15,380
17, 948
16, 553
19, 401
15, 730
587
1,114
13,654
d 1, 602
d 2,075
1,787
712
1,319
14,514
d 558
678
1,257
14,078
70
dS86
2,077
649
1,290
14,495
404
571
1,156
13,525
1,242
871
1,661
594
1,242
14,525
1,155
700
1,618
554
1,136
19,838
d 4,621
d 3,089
1,667
568
1,196
15,453
d866
* 1,193
1,517
582
1,315
15,673
d$89
557
1,273
14,466
6
677
1,395
15,549
698
320
1,990
699
1,957
13,744
568
156
1.714
Net income trans, to earned surplus
do
2,119
1,927
1,641
1,607
Radiotelegraph carriers, operating revenues
.do
' Revised. * Deficit. <8> Data for March, June, August and November 1946 are for 5 weeks; other months, 4 weeks.
^Revised data for January 1946, $29,752,000. O Data continue series published in the 1942 Supplement; data for December 1941-February 1945 will be published later,
d" Includes passports to American seamen. 1 Data relate to continental United States.
§ Compiled on a new basis beginning 1943; see April 1944 Survey for 1943 data and reference for revised 1942 data.
•New series. For comparable data beginning 1943 for car shortages and surpluses and an explanation of a change in thel atter series, see P. S-21 of December 1944 Survey.
fRevised series. See note marked " • " regarding car surpluses. Revisions for 1939-July 1942 for the indicated indexes of car loadings are available on request. Revisions for
January 1937-February 1943 for the adjusted series for financial operations are available on request.
April 1947
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
February
S-23
1946
1947
February
March
April
May
June
July
1947
August
September
October
Novem- December
ber
January
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:*
Ammonia, synthetic anhydrous (100% NH3) ®
short tons..
Calcium arsenate [100% Ca3(As04)2]
thous. of lb_.
Calcium carbide (100% CaC2)
short tons.
Carbon dioxide, liquid, gas and solid (100% CO2)c?
thous. of lb_.
Chlorine
short tons..
Hydrochloric acid (100% HC1)
do...
Lead arsenate
thous. of lb_.
Nitric acid (100% HNO3)®
short tons..
Oxygen
mil. cu. ft..
Phosphoric acid (50% H3PO4)
short tons..
Soda ash, ammonia-soda process (98-100% Na2 CO3)
short tons..
Sodium bichromate
do
Sodium hydroxide (100% NaOH)
do_.-.
Sodium silicate, soluble silicate glass (anhydrous)*
short tons..
Sodium sulfate, Glauber's salt and crude salt cake
short tons..
Sulfuric acid (100% H3SO4)
do....
Organic chemicals:
Acetic acid (syn. and natural) prod.*
thous. of lb.
Acetic anhydride, production*
do
Acetyl salicylic acid (aspirin), production*
do
Alcohol, denatured:t
Consumption (withdrawals)
thous. of wine gal..
Production
do
Stocks
_
do
Alcohol, ethyl:X
Production
thous. of proof gal.
Stocks, total
do...
In industrial alcohol bonded warehouses . . . d o
In denaturing plants
..do
Withdrawn for denaturing
do
Withdrawn tax-paid
do
Creosote oil, production*
..thous. of gal..
Cresylic acid, refined, production*
thous. of lb.
Ethyl acetate (85%) production*
do-..
Glyeerin, refined (100% basis):*
High gravity and yellow distilled:
Consumption
_
_
do...
Production.
_.do-..
Stocks
_
do...
Chemically pure:
Consumption
...do...
Production
_
do
Stocks
do...
Methanol, production^
Crude (80%)
.thous. of galSynthetic (100%)
do...
Phthalic anhydride, production*
thous. of lb_.
82,123
1,543
45,411
39, 738
1,139
40, 316
44, 271
1,610
44,460
43,358
3,256
40,014
34,511
3,192
36,761
60,609
4,116
43,124
65,048
6,438
48, 716
49,858
101, 717
33,966
3,691
62,193
1,010
74,927
54,264
84, 741
26, 791
7, 567
31,123
606
74,425
65, 337
96,439
26,805
8,755
30,899
951
79,500
75,334
94,865
26,867
8,665
31,311
'886
75,640
75,151
89,947
26,331
7,810
32, 538
836
67,273
78, 545
96,420
27,438
4,874
55,418
869
73,689
88,137 96, 571 78,786 74,890
98, 314 102,550 104,206 108,174
27,960 29, 519 29, 789 32,394
2,259
1,624
1,848
253
59,144 54,136 61,686
57,066
1,061
1,008
904
997
65,858 74,574 73, 795 80,673
350, 634
5,954
156, 786
342,625
7,134
143, 248
380,489
7,777
160,009
35,884
32,494
32,182
63,208
835,163
53, 818
665,129
12, 361
11,605
1,423
30, 954
21, 573
9,381
21, 409
3,260
r
75, 794
8,081
53,399
77,492
2,608
53,940
342, 749 303,174 308,623 361,056 364,178 358,628
6,285
7,254
7,837
7,096
6,864
6,601
151,332 139, 276 148, 741 160, 347 163, 615 164,652
29,914
29, 261
35,020
39,224
36,915
34,714
80,829
1,916
57,074
80,380
1,330
55,312
82,123
754
51,830
62,048 56, 787 ' 60,491
97,135 102,628 110,088
30,150 30, 714 35,144
2,865
3,726
4,923
63, 277 62,460 64,138
1,003
1,028
1,101
82,020 79, 788 ' 78,892
382,026 368, 302 385.369
7,066
7,176
6,665
168, 708 153,275 165,186
41.188
85,121
1, 765
50, 675
34,442
32,479
6,979
173,449
39,991
23,143
38, 330
934
26, 746
44,027
976
25, 529
44, 790
1,014
23, 266
40, 757
975
26.013
42, 546
676
26, 331
44, 521
572
57,346 63, 683 52, 494 64,878 66,275
764, 592 834, 215 849, 711 891.370 888,912
27,060 24, 589 27, 787 27, 718 31, 725 35,152
39, 954 41, 209 46, 376 45, 033 48, 703 49,157
574
710
1,010
460
965
925
10, 850
10,136
17,835
13, 569
11,896
16, 224
15, 733
13,261
13, 306
15, 608
13,851
10,007
14, 645
12, 382
8,965
14,770
14,831
9,642
17,610
16,044
8,082
18, 946
16, 019
5,131
21, 291
18, 913
2,744
19, 744
19,625
2,633
17, 416
17,014
2,200
14,636
14,670
2,211
24,902
18,600
19,475
25,637
121,622 118,420 113,110 110, 539
36,312 37.014
37, 539 39,282
84,083
76, 798 73, 525
79,138
22,085
24,612 25, 643 22,834
3,579
3,866
4,579
4,411
10,137
9,519
13, 296 12, 455
1,903
1,362
2,169
2,035
6,542
7,751
7,610
7,180
16,619
98, 545
34, 239
64, 306
27, 377
4,684
11,180
2,181
9,877
19,981
86,474
31, 788
54,686
29, 267
5,733
12,136
2,339
8,122
17,796
72, 368
28,779
43, 589
29, 274
4,364
12, 744
2,284
7,334
18, 743
58.189
29,512
28,676
34, 938
5,284
13,570
2,456
8,745
18, 025
42,351
26, 751
15,600
36,086
5,202
13,027
2,100
10,170
20, 518
32,800
25, 745
7,054
31,200
3,910
13, 481
1,817
9,602
22,398
30,226
22, 939
7,288
27. 775
4,350
14, 038
2,094
10, 965
22, 697
123,774
42, 899
80,876
18, 726
4,276
8,464
1,292
6,412
59,298 59, 525 61, 679 58, 200 55, 669 56,988
764, 507 803, 417 780,191 732, 515 736, 242 762,674
6,800
8,234
15, 340
5,588
5,323
17,591
6,431
5,373
19,347
6,489
5,780
18,700
6,440
5,687
18,297
6,865
5,319
16, 591
6,175
4,118
14,821
6,286
5,211
13, 234
6,089
4,621
12,805
5,395
4,638
12, 207
5,244
5,832
12, 709
5,978
7,431
15,163
7,022
7,386
14,102
6,138
8,573
18,106
6,446
7,741
19,028
5,777
8,992
18,634
5,568
8,000
19, 708
5,800
8,024
20,881
5,379
7,634
21,894
5,249
5,558
21,122
5,745
6,864
22,017
4,924
6,594
22,539
5,820
6,136
21,130
5,263
5,126
18,054
5,791
6,042
18, 392
7,662
17,941
216
231
6,259
7,094
248
6,991
9,777
231
6,616
9,217
260
1,119
8,128
248
5,878
7,739
250
6,753
8,921
245
6,823
8,467
230
6,592
9,334
276
6,593
9,276
250
6,674
11, 246
221
6,505
10, 344
276
7,140
11,687
1,225
183
1,042
1,412
134
1,278
114,932
28,866
74, 787
348
83,893
66,025
22, 437
10,438
200
308
520
367
1,460
368
66
115
149
144
144
159
242
405
747
223
1,316
208
85,191
84,171
97,079
85, 783 110, 519 101, 575
13, 214 13, 501 15, 261 13, 629 19,801
13,170
63,789
73,022
68, 202
80,510
505
558
2,984
534
313
776
126,525 127, 231 129,963 114, 554 72,409
58,345
110,854 113, 528 109,104 105,132 59, 598 51,891
65, 227 69, 553 79, 379 83, 556 28, 279 13, 521
8,055
971
8,996
714
2,210
3,040
1,000
1,350
0
982
0
0
559
158
401
63,877
11,716
1,463
0
584
63
522
95,832
2,871
86,827
253
80, 941
67, 573
26,929
7,809
0
928
529
195
82
734
448
83, 544 104,336
3,430
5,577
70,254 83, 752
4,720
2,125
64,434 39, 910
55, 712 25,096
1,327
23,141
6,835
3,446
0
0
1,435
239
1,196
89,474
10,854
64,147
1,914
50,020
40,728
10, 029
404
0
1.925
70, 263
1.925
72, 770
FERTILIZERS
Consumption, total*
.thous. of short tons..
Midwest States*
...do....
Southern States®.
do
Exports, totalj
_
long tons..
Nitrogenous I
do—
Phosphate materials X
do
Prepared fertilizers^.
do
Imports, totalj
do
Nitrogenous , totalJ.
do
Nitrate of sodat
do....
Phosphatest
do
Potash*
do....
Price, wholesale, nitrate of soda, crude, f. o. b. cars, port
warehouses©
dol. per 100 lb_.
Potash deliveries,.
short tons.
Superphosphate (bulk) :f
Production
do...
Stocks, end of month
do...
2.075
1.650
73, 577
1.650
85,314
1.650
79,778
1.650
60,172
712,125
861,950
737,357
688,319
788,489
546,229
704,192
539,818
1.650
77,868
642,983
667,144
7,388
63,466
809
1.650
73, 575
1.925
72, 345
1.925
69,690
679,777
740,853
701,522
720,517
721,475
709,781
1.925
81,044
2.045
754, 215 750,940 783,275 829, 752
667,912 736, 357 796,677 806, 733
MISCELLANEOUS
33,336 43,584 47,122 42,190 47,327 50,307 51,187 45,300 45,147 47,092
Explosives (industrial), shipments
thous. of lb_. 45, 017 36,268
Gelatin :J
3,858
3,656
3,311
3,842
3,122
3,142
3,202
3,606
3,784
3,927
2,947
2,750
Production, total*
_
do.
3,793
2,508
2,259
2,055
2,271
2,038
2,166
1,652
2,439
2,318
1,900
2,541
1,932
2,407
Ediblet..-.
_
.do.
5,548
4,857
3,999
6,324
6,119
4,958
4,726
3,864
5,599
6,076
5,818
5,789
Stocks, total*
do.
1,824
2,878
2,299
2,315
2,695
2,652
2,628
2,180
1,743
2,505
2,716
2,866
2,763
EdibleJ.do.
Sulfur:*
Production
long tons.. 298, 565 286,316 281,490 284,473 305, 330 304,472 347,936 356,355 335,300 333,041 355,179 351, 028 321,415
3,667,729 4,063,286 3,978,735 3,892,982 3,873,962 3,861,525 3,849,067 3,850,958 3,881,397 3,983,973 3,874,808 3 769 368 3,704,079
Stocks.
do.
r
Revised, o"1 Data have been shown on a revised basis beginning in the March 1946 Survey.
• Data were revised in the September 1945 Survey; see note in that issue. O For a brief description of this series see note in April 1946 Survey.
® Data for nitric acid and ammonia include 2 additional plants beginning June 1946 and for the latter 1 additional plant beginning August 1946; see note in February 1947 Survey.
© Excludes data for Mississippi, which has discontinued monthly reports, beginning in the October 1946 Survey.
§ See note in the April 1946 Survey with regard to differences between these series and similar data published in the 1942 Supplement to the Survey.
JThe indicated series, except data for alcohol stocks in denaturing plants (available only beginning 1942), continue series published in the 1942 Supplement; unpublished data
for 1941 or 1942 through February 1945, and corrected data for 1937-July 1945 for nitrogenous and total fertilizer imports, will be shown later. See also note marked " • " on p. S-24
of the February 1947 Survey for further information on the series for ethyl alcohol and production of spirits at registered distilleries for industrial purposes.
*New series. See pp. 23 and 24 of the December 1945 Survey for data through 1943 for the indicated organic chemical series, except glycerin, and for ammonia, calcium carbide, oxygen, soda ash, and sulfuric acid (September 1941 revised, 572,579); data through 1943 for other inorganic chemical series have been revised or havt not been published and there have also
been recent revisions in the 1944-45 data for some series and 1944 data for sulfuric acid; all revisions will be published later. For a brief description of the series for glycerin see note
in November 1944 Survey. Data for 1933r45 for fertilizer consumption by midwestern States and the total, which are from the National Fertilizers' Association, and for 1935-February 1945 for the new series on gelatin, will be shown later. Data for 1940-43 for sulphur are shown on p. 24 of the May 1946 Survey.
tRevised series. See note in November 1943 Survey regarding change in the superphosphate series. The 1946 data include operations of one company which was producing in
1445 but whose activities were not included in figures for that year; however, this change does not appreciably affect the comparability of the data.
S-24
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
February
1947
April 1947
1946
February
March
April
May
June
July
1947
August
September
October
Novem- December
ber
January
CHEMICALS AND ALLIED PRODUCTS—Continued
NAVAL STORES
Rosin (gum and wood) :
Price, gum, wholesale " H " (Sav.), bulk
dol. per 1001b..
Production*.
_
drums (5201b.)..
Stocks*
.do
Turpentine (gum and wood):
Price, gum, wholesale (Savannah)t
dol. per gal__
Production*
bbl. (50 gal.)._
Stocks*
.do
6.76
416,690
364,179
6.95
6.76
7.40
489,676
390,781
.84
.84
145, 477
77,440
.96
.84
1.00
167,933
90,167
119,264
194,656
251,468
117,782
201,757
204,982
102,231
136,182
162,986
50,012
49, 360
92,996
49,895
47,908
96,189
49,933
47,633
95,171
44,982
38,078
90,569
40,238
45,042
103, 285
46,764
43,879
92,241
16, 072
903
83,822
16, 224
648
73, 676
14,931
831
60,842
14, 525
2,173
55,484
13,319
13,876
58,906
13,408
27,874
79, 276
15,647
24,870
93,304
391
365
3,490
22, 283
19,149
3,134
327
335
10, 290
17, 392
9,445
7,947
318
330
9,595
13, 492
5,077
8,415
287
296
29,975
11,420
6,883
4,537
261
268
31,605
6,438
3,559
2,879
235
219
17,457
12,351
8,290
4,061
261
264
16,817
17,863
11,085
6,778
255
255
8,361
12,001
6,232
5,769
279
7,660
25,107
19,365
5,742
390
416
10,015
33,973
21,112
12,861
409
418
14, 569
51,817
41,904
9, 913
403
549
304
669
535
647
548
604
544
546
502
475
503
407
321
515
267
521
250
519
247
538
262
51, 352
9,393
15,965
6,122
13,921
11,724
12,180
18,871
22,788
13,889
17,488
18,129
15,432
21,408
34, 238
24,333
20, 239
42,846
37,710
31, 294
36,975
48,551
37,510
34,742
38,662
36, 278
27, 381
12,964
15,949
43, 495
33,074
44,125
93, 768
58, 654
64, 270
29, 822
14, 243
4,804
133
12,748
4,179
0
20, 334
7,758
546
19, 695
7,161
0
24,888
8,148
0
14,218
8,571
0
30,709
16,055
945
42,707
20,437
)
49, 747
27,724
121
38,577
17, 236
380
44, 655
16, 438
0
63, 021
32, 749
12,016
5,043
17, 557
3,371
23,988
8,737
22,353
8,504
27,188
12,729
25, 247
8,173
39, 614
16,603
45,306
26,614
18,827
16,305
54, 830
19,505
97,177
13, 935
114,103
1,882
120,045
1,832
119,090
3,125
108,493
5,475
85, 537
10, 258
92,366
9,257
47,417
22,815
100, 880 105,974
10, 541
7,780
95, 441
8,607
77, 793
9,622
90,965
9,797
300
104
575
M31
••479
228
116
370
163
33
241
103
9
147
54
9
100
42
60
118
89
111
140
227
446
359
515
1,070
914
525
703
1,091
397
338
1,032
132,015
158, 675
125, 809
' 56, 048
100,544
55, 571
68, 680
48, 616
23,303
40, 314
18, 234
31, 628
37, 972
27, 765
52, 276
93, 504
86, 564
' 89, 091
107,008
72, 347
91, 650
50,834
63, 563
44, 252
45, 738
32, 626
43, 994
16, 781
24, 542
13,518
23,333
26,021
27,114
69, 807 160,011
63, 245 93,603
81, 664
84, 568
18,034
77, 416
18, 491
84, 414
16, 642
84, 768
16,144
67, 513
13, 504
65, 774
16,132
82,163
16, 501
61,321
13, 461
.350
103, 872
182, 808
.143
108, 791
404, 672
.143
77, 837
404, 645
.143
69, 571
394,368
796
788
642
21,354
197,152
377
40
69
303
40
0
1,315
175
210
1,279
142
288
1,134
114
751
496
278
482
292
114
231
175
210
133
194
182
146
2,896
323
248
3,355
638
225
2,576
365
210
1,691
233
197
1,042
468
134
620
554
173
261
1,545
1,415
(*)
2,317
2,636
3.10
2,015
2,846
3.10
2,091
2,306
3.10
2,046
2,495
3.27
2,470
2,789
3.35
24, 420
29, 220
30,960
34,080
26, 820 24,840
41, 575
.378
30, 499
19,380
136, 681
43,054
.155
45, 749
24,600
152,812
46, 888
.155
40, 622
26, 580
138, 748
51, 297
.155
42,129
23,880
132, 346
15,319
15, 241
14, 214
9.61
6.76
6.76
302,054
388,682
L 76
1.15
.84
.84
85,908
100, 749
.84
140,495
262, 265
307,692
117,133
291,151
274,512
115,984
208,385
264,817
45,730
47, 484
67,138
40, 348
53, 213
91,807
18,772
1,260
102, 400
412
1.05
7.83
8.07
462,007
398,102
1.30
1.24
143,055
101, 295
OIL S E E D S , O I L S , F A T S , A N D B Y P R O D U C T S
Animal, including fish oil:
Animal fats:|
Consumption, factory
thous. of lb__
Production
do
Stocks, end of m o n t h
do
Greases:!
Consumption, factory.
__
do
Production
do
Stocks, end of m o n t h
.do
Fish oils:*
Consumption, factory
do
Production
.do
Stocks, end of m o n t h
_.do
Vegetable oils, total:
Consumption, crude, factory
mil. of lb_.
ExportscT
thous. of lb._
1
Imports, totald
do
P a i n t oilscf
do
All other vegetable oilscT
do
Production-..
mil. of lb._
Stocks, end of m o n t h :
Crude
do
Refined
do
Copra:
Consumption, factory cT
short tons_Importscf
do
Stocks, end of m o n t h s
do
Coconut or copra oil:
Consumption, factory:t
Crude
thous. of lb._
Refined
do
ImportscT
do
Production:
Crudet
do
Refined
do
Stocks, end of month:J
Crude
do
Refined
do
Cottonseed:
Consumption (crush)
thous. of short tons-Receipts at mills
do
Stocks at mills, end of month
do
Cottonseed cake and meal:
Production
short tons.Stocks at mills, end of m o n t h
do_
Cottonseed oil, crude:
Production
thous. of lb_Stocks, end of month
do.
Cottonseed oil, refined:
Consumption, factorytdo
I n oleomargarine
do
Price, wholesale, summer, yellow prime (N. Y.)
dol. per lb_.
Production
thous. of lb_.
Stocks, end of month
do
Flaxseed:
Importscf
thous. of bu
Duluth:
Receipts
do
Shipments
do
Stocks
do
Minneapolis:
Receipts
do
Shipments
do
Stocks
do
Oil mills:t
Consumption
do
Stocks, end of m o n t h
do
Price, wholesale, N o . 1 (Minneapolis) ___dol. per bu_.
Production (crop estimate)
thous. of bu_
Linseed cake and meal:
Shipments from Minneapolis
thous. of lb
Linseed oil:
Consumption, factory!
do_-_
Price, wholesale (N. Y.)
dol. p e r l b _ ProductionJ
thous. of lb._
Shipments from Minneapolis
.do
Stocks at factory, end of m o n t h
do...
Soybeans:
Consumption, factory $
thous. of bu.
Production (crop estimate)
-do...
Stocks, end of m o n t h
do...
"71~902
432
15,991
97, 229 95,743
193,029 194,810
180,883 171,286
.143
.143
.163
48,258 33, 457 14,982
353, 322 316,186 263,154
0)
86, 595 73,125 97, 477 116, 785
61, 731 135,936 260,976 242, 506
145, 205 135, 550 179, 567 232, 347
39,550
27, 698
78,390
42,106
36,666
63,173
39, 291
46, 000
63,123
45, 003
45, 637
64, 907
15, 465 17,028
18,976
21, 540 18,726
10,812
108, 211 121, 676 114,682
18, 374
7,867
116, 786
228, 936 232, 892 176, 065
58, 277 80,913 119, 928
164,961 124, 786
101, 983
93, 543 129,160
22, 832 27,101
113,769
25, 279
.268
.262
.280
0)
26, 591 116,300 138,120 126,973
165,
771
165,
735
171,157
157, 322
97
20
591
387
652
1,938
1,396
1,194
211
1,077
327
2,725
481
1,202
629
448
3,174
751
3,219
2,752
547
3,967
1,877
1,941
3,905
750
73
3,889
3,692
2,739
3.79
2,789
3,309
3.95
2,343
3,644
4.00
2,150
3,488
5.22
2,284
2,849
7.26
1,883
3,362
7.27
2 22, 962
24,960
41,700
27,840
34,020
37, 200
34, 080
48,938 45, 737 41, 603 46, 652 43, 227 44, 246 42, 302
.155
.155
.168
.178
.188
.176
.354
41, 371 50, 522 75.884 57, 290 46, 494 42, 624 44, 712
23,520 20,100 20, 400 22,980 23,040 26, 760 27,840
117, 589 115, 468 121, 810 128,814 128, 653 126,136 136, 550
41, 891
.358
36, 696
21, 720
152,069
13,984
12,051
12,957
11, 955
9,033
10,929
15, 054
15, 669
2196,725
60,021
9,176 ""I," 793 40, 235
34, C87 27,79
22, 753 16, 702
*• Revised. * No quotation. * December 1 estimate. 3 Less than 500 pounds. 4 No sales.
cf Data continue series published in the 1942 Supplement; unpublished data through February 1945 for the indicated series will be shown later.
^Revisions for 1941-42 for coconut or copra oil production and stocks and linseed oil production and for 1941-43 for other indicated series are available on request.
*New series. See p. S-24 of the May 1946 Survey for a brief description of the new series for turpentine and rosin and data beginning 1945; data beginning in 1942 will be shown
52, 273
39, 371
37, 249
f Revised series. See note on p. S-23 of the November 1943 Survey regarding change in the turpentine price series.
April 1947
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
February
S-25
1946
1947
February
March
April
May
June
July
1947
August
September
October
Novem- December
ber
Janu
ary
CHEMICALS AND ALLIED PRODUCTS—Continued
OIL SEEDS, OILS, FATS, ETC.—Continued
Soybean oil:
Consumption, factory, refinedj
-thous. of lb_.
Production: %
Crude
_
do
Refined
_
do
Stocks, end of month :J
Crude
do
Refined
do
Oleomargarine:
Consumption (tax-paid withdrawals) §
do
Price, wholesale, standard, uncolored, (Chicago)
dol. perlb..
Production!
thous. of lb._
Shortenings and compounds:
Production
do
Stocks, end of month
do
Vegetable price, wholesale, tierces (Chi) .dol. per lb...
88,478
90, 566, 94,936
86,459
85,466
104,827
86,023
98,870
89,810
94, 787 106,744
141,133
120,867
135,103
121,887
134, 747 125,990
119,199 112,155
124, 587 107,904
114,395 105,136
116, 508 107,441
96,301 106,081
86,612
88,106
98,841
97, 320
76,924
149,410
95,906
150, 589 153,079
110,079 114,637
148,334 137,539
111, 749 116,356
146,866
103,110
131,659
90,535
37,232
40,781
32,373
51,428
0)
(0
.195
37,067
.270
60,271
44,625
.394
121, 315
48,311
0)
.165
r 45, 502
119,343
43,635
.165
45, 510
41,837
41,530
34,567
.165
.165
46, 677 43,495
108,434 113,829
39, 793 44,002
.165
.165
123,847
46,233
.165
103,861
45,868
.165
.165
.165
41,968 r 36,062
43,402
47,262
100,896
44,045
134,921
42,503
0)
0)
95, 542
107,954
134,303
120,031
137, 262
121, 932
151,554
126,298
116, 522 111, 756 108,591
52,604
77,293
55,998
61,758
«• 97, 712
' 70,131
56,550
57, 680
66, 262
.420
62,966
.412
59,771
.393
67,946
100, 740 127, 694 157,006 139, 760
52,830 51,442 41, 578 41,305
.171
.171
0)
131, 754
51, 391
0)
0)
PAINT SALES
Calcimines, plastic-texture and cold-water paints:*
Calcimines
thous. of dol..
Plastic-texture paints
do
Cold-water paints:
In dry form
do
In paste form for interior use
do
Paint, varnish, lacquer, and fillers, total
do
Classified, total
-do
Industrial
do
Trade
—_
-do
Unclassified
__do
100
87
85
100
113
91
96
111
262
240
54, 573
48,891
17,643
31,248
5,682
305
274
64,697
58,279
20,940
37,339
6,418
365
271
72,339
65,021
24,256
40, 765
7,318
439
281
72,463
65,134
24,475
40,659
7,329
1,549
6,025
1,435
1,752
6,504
1,521
1,861
7,181
1,714
1,643
7,251
1,532
92
253
135
64
146
••101
186
454
217
63,054
' 55, 773
24,014
31, 759
7,280
555
261
69,991
63,156
28,219
34, 937
6,836
420
371
70,136
62,483
27,374
35,109
7,652
••329
'286
73,538
66,131
30,342
35, 789
7,407
1,509
7,242
1,539
1,535
7,001
1,515
1,977
7,472
1,697
1,073
5,984
1,233
1,691
7,951
1,506
1,920
7,657
1,597
25,957
4,321
3,896
425
21, 636
14,500
7,136
18, 545
3,092
476
244
66,071
59,422
23, 653
35, 769
6,649
73
115
500
269
65, 202
59,258
24, 259
34,999
5,944
534
286
68,482
61,240
26,060
35,180
7,242
1,826
6,736
1,429
1,883
7,167
1,524
87
135
73
129
397
309
83,300
74,144
32, 411
41, 732
9,157
CELLULOSE PLASTIC PRODUCTS
Shipments and consumption: <g>
Cellulose acetate and mixed ester plastics:
Sheets, rods and tubes
.thous. of lb_
Molding and extrusion materials
do._.
Nitrocellulose, sheets, rods, and tubes
do
1,481
7,081
1,319
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total*.mil. of kw.-hr.
Industrial establishments*
do
By fuels*
do
By water power*
do
Utilities (for public use), totalf.....
do
By fuelsf
do
By water powert
do
Privately and municipally owned utilities
do
Other producers!
-do
Sales to ultimate customers, total (Edison Electric
Institute)!
mil. of kw.-hr.Residential or domestic
do
Rural (distinct rural rates)
do
Commercial and industrial:
Small light and power!
do
Large light and power!do
Street and highway lighting!
do
Other public authorities!do
Railways and railroads!
do
Interdepartmental!
do
Revenue from sales to ultimate customers (Edison
Electric Institute)
.thous. of dol..
23, 698
4,083
3,683
399
19, 6] 6
13, 261
6,355
16, 833
2,783
19,449
3,256
*2,829
426
16,193
9,967
6,226
13,900
2,294
21,675
3,875
3,468
407
17,800
10,521
7,278
15, 288
2,512
21,265
3,787
3,329
459
17, 477
10,797
6,680
15,076
2,402
21,288
3,613
3,139
474
17,675
10,577
7,099
15,162
2,514
21,441
3,818
3,381
437
17, 624
10,943
6,681
15,212
2,412
22, 583
3,963
3,551
412
18, 620
12,204
6,416
16,045
2,575
23,669
4,155
3,788
366
19,515
13,389
6,125
16,783
2,731
22, 788
3,683
3,674
309
18,805
13,169
5,636
16,123
2,682
24,430
4,208
3,867
341
20,222
13,935
6,287
17,316
2,906
23,943
3,994
3,675
319
19,949
13,669
6,280
17,119
2,830
24,875
4,028
3,672
356
20, 847
14, 269
6,578
17,842
3,005
14,920
3,505
243
15,091
3,282
249
15,233
3,094
328
15,064
2,994
379
15,185
2,954
443
15,608
2,883
470
16,474
2,900
548
16,358
3,018
489
16, 721
3,130
410
16, 933
3,414
328
17, 450
3,739
302
2,708
7,083
198
518
614
51
2,622
7,592
193
486
613
53
2,595
7,916
174
483
591
52
2,578
7,869
160
463
570
51
2,617
7,963
147
459
550
51
2,718
8,309
154
464
558
52
2,815
8,953
168
468
572
51
2,825
8,800
184
455
537
50
2,821
9,064
206
471
572
47
2,844
8,908
222
460
609
49
3,018
8,832
236
600
667
55
288, 746
282,543
278,337
277,145
278,544
279,659
286,945
288,041
292,587
300, 489
310, 910
GASf
Manufactured and mixed gas (quarterly):
Customers, end of quarter, total
thousands..
Residential (incl. house-peating)
do
Industrial and commercial
_do
Sales to consumers, total
mil. of cu. ft..
Residential
...do
Industrial and commercial
__.do
Revenue from sales to consumers, total.thous. of dol.
Residential (incl. house-heating)
do
Industrial and commercial-..
_
...do
Natural gas (quarterly):
Customers, end of quarter, total
thousands..
Residential (incl. house-heating)
.do
Industrial and commercial
do
Sales to consumers, total
mil. of cu. ft..
Residential (incl. house-heating)
do
Industrial and commercial
do
Revenue from sales to consumers, total.-thous. of dol.
Residential (incl. house-heating).
do
Industrial and commercial
do
T
11,256
10, 557
690
171, 804
120,212
49, 588
142,919
107, 723
34,008
9,153
8,521
627
638,355
250, 766
361,322
229,428
144, 875
80,721
43,139
122,181
92,055
29, 245
11,319
10, 616
694
110.834
70,113
39,657
107.835
80,923
26,214
11,411
10, 687
714
146,400
"" 474
46,171
130,155
97, 743
31,345
8,554
612
508,141
129,143
361,315
159,853
85,177
72,265
9,259
8,654
600
465,984
73,020
383,859
131,165
56,383
73.393
9,478
8,812
661
573,015
161,021
400, 202
188, 587
101, 256
85, 239
11,394
10, 687
699
133,355
Revised, i No quotation. % Minor revisions for 1941-43 are available on request.
§For July 1941-June 1942 revisions see February 1943 Survey, p. S-23; revisions for July 1942-June 1944 are on p. 23 of the November 1945 issue; revisions for July 1944-June 1945
are on p. S-25 of the August 1946 issue; revisions for July 1945-June 1946 are on p. S-25 of the March 1947 Survey.
• Data for some items are not comparable with data prior to 1945; see note for calcimines, plastics and cold-water paints at bottom of p. S-23 of the December 1945 Survey.
! For 1943-44 revisions for the indicated series see notes at bottom of pp. S-23 and S-24 of the May 1945 Survey.
<g> Data for sheets, rods and tubes are comparable with similar data in the 1942 Supplement; see note in September 1946 Survey regarding change in data for molding, etc. materials.
* New series. For data for 1939-45 for production of electricity by industrial establisments see p. 32 of the February 1947 Survey.
t Revised series. Gas statistics are shown on a revised basis beginning In the December 1946 Survey; see note in that issue. For revised figures for the indicated series on electric
power production, except the series for "other producers," see p. 32 of the February 1947 Survey; revised figures for 1920-July 1945 for "other producers" will be shown later.
S-26
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
February
1947
April 1947
1946
February
March
April
May
July
June
1947
August
September
October
Novem- December
ber
January
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:f
7,327
5,664
5,485
5,890
5,761
6,844
7,373
6,723
8,436
7,948
Production
thous. of bbl.
6,610
7,136
6,600
5,728
5,618
6,007
5,543
6,374
7,209
7,476
7,110
Tax-paid withdrawals
do
7 228
6,523
6,461
8,829
8,148
8,463
7,819
9,067
8,035
7,881
6,888
8,309
Stocks, end of month
_
do...
8,175
7,838
Distilled spiritsApparent consumption for beverage purposes!
18,916
19, 470 19, 393 19,124
18, 535 19,068
19, 392 17,691
thous. of wine gal_
20, 408 19,933
19, 739
1,161
1,964
1,580
2,078
1,525
1,467
Imports§
thous. of proof gal.
1,130
1, 312
1,611
1,447
1,219
20, 912 19, 719 15, 304 13,486
34, 541 24,788
16,011
15,538
Productionf
thous. of tax gal.
25,020 31, 488 20,703
31,802
10, 981 11,182
10, 672 10, 929 ' 9, 631 12,120
10,070
11,519
11,115
12, 734 12,173
13,184
Tax-paid withdrawals!
do...
Stocks, end of month!
do.__ 473,163 403, 776 410,226 417, 419 418,657 420, 262 421,390 420, 947 420, 778 418,925 419,350 433,117
Whisky:
847
932
1,032
970
711
708
639
969
Imports§
thous. of proof gal_
833
1,033
873
14, 974 12, 856 12, 549
8,155
21,462
7,382
8,526
Production!
thous. of tax gal.
7,504
9,257
8,517
7,838
19, 790
5,282
5,576
5,019
3,933
4,903
Tax-paid withdrawals!
do. _ _
4,640 ' 5, 392
4,870
5,968
4,915
6,454
5,816
Stocks, end of month!
do.__ 423,841 358,913 364, 016 370, 268 371,862 374, 072 376, 213 377, 290 378, 902 380, 295 380, 557 391,613
Rectified spirits and wines, production, total!
13, 928 13, 476 11,991
14, 450 15, 036 14,415
11,164 ' 12, 501 13,612
thous. of proof gaL
16, 202 15,104
13,903
Whisky
do___
11, 764 12,150
10,170
14,429
13,462
10, 447 10, 876 10, 924 10,510
12,484
12,178
Wines and distilling materials:
Sparkling wines:
43
15
66
48
56
32
Imports§
thous. of wine gaL
39
46
85
84
167
283
215
248
238
194
241
Production!
do.__
249
251
184
192
121
144
145
153
167
Tax-paid withdrawals!
do___
168
194
166
254
230
181
938
1,129
1,216
1,000
1,291
Stocks, end of month!
do_._
1,225
1,331
1,400
1,389
1,325
1,315
Still wines:
Imports§
ProductionG
Tax-paid withdrawals!
Stocks, end of month!
Distilling materials produced at wineries©
153
661
9,785
152,660
2,231
do
do
do
do
do
299
668
12,814
139,158
2,883
321
476
414
670
676
655
11, 984 11,246
11,100
126,599 115, 362 102,014
5,637
7,478
7,938
532
439
319
443
470
331
974
5,009
51,133 84,152
20, 909
3, 639
10,177 > 10,643 10,321
12, 065 11,538
9,878
91,995 85, 435 129, 098 206, 301 216, 770 205, 365
97, 470 144,854 56, 709
10, 041 16,186
9,987
DAIRY PRODUCTS
Butter, creamery:
.473
.473
.473
.473
.709
Price, wholesale, 92-score (N. Y.)t
dol. perlb..
Production (factory)!
thous. of lb_. 91, 260 66,202 76,815 91,140 113,995
10,037 19, 462 14, 925 14,052 26,856
Stocks, cold storage, end of months
do
Cheese:
1,464
1,461
1,663
Imports §
do
Price, wholesale, American Cheddars (Wisconsin)
.270
.270
.270
.270
dol. per lb__
.370
Production, total (factory)!
thous. of lb__ 76,825 62, 777 77, 665 98,145 125, 095
43,877
53,160 62,185 91,140
American whole milk!
do
58,855
91,372 86,998 84, 845 102,142
97,462
Stocks, cold storage, end of monthc?
do
American whole milk
do
74,475 81,913 74, 420 73, 054 86, 089
Condensed and evaporated milk:
Exports: §
7,185
9, 791 10, 899
9,786
Condensed
do
82, 005 101,653
103,114 112,217
Evaporated
do
Prices, wholesale, U. S. average:
6.33
6.33
6.33
6.33
Condensed (sweetened)
dol. per case_8.25
4.15
4.14
5.72
4.15
4.21
E vaporated (unsweetened)
do
Production:
Condensed (sweetened):
Bulk goodso
thous. of lb__ 32,005 ' 35, 940 r 52,160 '73,155 105, 530
8,140
10, 025 10,190
12, 600
Case goods!
do
7,100
Evaporated (unsweetened), case goods!
do
210, 200 182, 500 235, 200 297, 400 381,000
Stocks, manufacturers', case goods, end of month:
5,044
5, 551
4,415
7,748
4,346
Condensed (sweetened)
thous. of lb_.
46, 245 59,045
80, 577 150, 579
117,497
Evaporated (unsweetened)
do
Fluid milk:
'3. 27
3.30
3.32
3.29
4. 74
Price, dealers', standard grade
dol. per 100 lb..
8,491 ' 8, 215 ' 9, 713 ' 10, 430 ' 12, 201
Production!
mil. of lb_.
2,493
3,664
4,638
Utilization in manufactured dairy products!-.-do
3,193
3,002
Dried skim milk:
27,164
8,358
4,014
15,856
Exports§
thous. of lb._
Price, wholesale, for human consumption, U. S.
.144
.114
.144'
.145
.145
average
dol. per lb. _
71, 390 94,150
Production, total!
thous. of lb__ 51,160 40,380' 57,380
49,930 39, 450 56,350 69,750
91,800
For human consumption!
do
61, 886 14, 914 • 22,427 ' 35, 996 ' 72, 696
Stocks, manufacturers', end of month, total
do
34, 832 71, 448
61,213
14,654 20,778
For human consumption
do
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous. of bu
Shipments, carlot
no. of carloads..
Stocks, cold storage, end of month
thous. of bu_.
Citrus fruits, carlot shipments
no. of carloads..
Frozen fruits, stocks, cold storage, end of month
thous. of lb_Frozen vegetables, stocks, cold storage, end of month
thous. of lb__
Potatoes, white:
Price, wholesale (N. Y.)
dol. per 100 lb
Production (crop estimate)!
thous. of bu
Shipments, carlot
no. of carloads. _
1,530
1,497
21,123
458
634
17,171
403,381
344, 026 321, 765 291,148
278,109
298,600
156,274
5,120
12,989
17,139
4,376
6,308
19, 751
2,671
3, 522
19, 229
.694
.523
.705
119,325 127,330 115,765
49, 649 69, 510 84,980
1,275
1,807
2,699
.768
104, 830
73,931
.840
97,495
59, 586
.816
81, 260
41, 477
89,035
27,874
2,652
3,089
1,384
1,304
.371
.295
.409
.435
.449
.399
()
129, 500 116, 625 106, 470 93, 330 83,340
70, 500 69, 680
96,930 87,830 81,010
70, 340 60,785
51,655
50,920
136, 759 148,786 160, 272 157,180 129, 941 123, 435 123, 592
110,807 120,136 126,899 126,084 101,185 92, 422 93,873
5,067
38,760
6,619
135,652
6.33
4.54
6.79
5.09
3,066
89, 447
7.03
5.32
2,955
55, 233
1,979
30,787
3,634
39,791
15, 580
46,037
7.92
5.79
8.25
5.88
8.25
5.46
107,705 ' 92, 340 ' 77, 380 ' 57, 465 ' 42, 910 ' 26, 385 '31,310
13,170
10,800
10, 400
8,250
7,450
6,275
6,780
385, 800 336,600 291, 400 242, 000 195, 600 169,100 183,550
9,617
10, 536 10, 826 12, 505 11,377
8,701
5,230
219,180 229,172 211,690 202, 775 171,026 148,210 129,464
3.47
'4.21
'4.00
' 12, 578 ' 11, 927 ' 10,838
4,685
4,803
4,226
5,101
.143
92, 575
89, 450
' 87, 745
83, 566
20,992
23,596
.146
.145
73, 400 56,725
71,300
55, 300
' 82, 413 ' 68, 984
78,930 65, 712
"4.43
'4.62
' 9, 446 ' 8,989
3,334
3,724
11, 683
6,022
'4.87
4.96
' 8, 297 ' 8.525
2,809
3,016
14,728
4,540
.147
.146
.147
.145
39, 840 29,410
24,150
35,695
39, 100 29, 060 23, 800 35,100
' 62, 267 ' 46, 885 ' 34,809 ' 39, 543
59, 698 44,852 32,786
38, 299
6,143
10,145
6,867
6,940
33, 413
15, 503
121,520
6,682
27, 344
19,381
297, 629 395, 754 459, 581 501,914
497,802
470,710
243
249
13,315
1,046
112
8,755
1,319
513
7,724
147, 394 140, 277 144, 573 175, 704 227, 541 284, 809 317, 691
2.638
3.000
3.844
4.115
3.894
3.344
3.465
3.012
3.188
21, 672
21,873
30, 954
24, 282
30,203
30, 627
25, 095
21,505
21,405
351, 474 333, 084
2.312
24,862
21,567
2.495
1474,
16, 905
r
Revised. * December 1 estimate. 2 N o quotation. % See note in J u n e 1945 Survey for explanation of this price series, cf See note m a r k e d "d*" on p . S-28.
O Distilling materials produced at wineries, shown separately above, were formerly combined with production of still wines.
§ D a t a continue series published in t h e 1942 Supplement b u t suspended during t h e war period; data for October 1941-February 1945 will be published later.
• Revised 1943 data are on p 13 of the M a r c h 1945 Survey; see note on item in F e b r u a r y 1945 issue regarding earlier data: 1944 and 1945 revisions are on p 1
! Revsons
reference to 1941-44 revisions for other alcoholic beverage series and p. S-27 of the May 1946 issue for revisions for fiscal year 1945; revisions for all months of the fiscal year 1946 are shown
on p. S-26 of the March 1947 Survey. Stocks for distilled spirits include products branded "spirits" which were shown in the May-October 1946 issues of the Survey with data for
ethyl alcohol, (see note in November 1946 Survey); production figures are net excluding spirits used in redistillation; tax-paid withdrawals of ethyl alcohol which are largely for beverage purposes, are not included here but are shown on p. S-23. See notes marked " t " on pp. S-25 and S-26 of the April 1946 Survey for references to 1941-43 revisions for the indicated
series for manufactured dairy products; revisions for 1944-45 for these series and for utilization of milk in manufactured dairy products are shown on p. 16 of th^ i^ue (January 1946
+1
revision for condensed milk, bulk goods, 32, 345) revisions for 1940-43 for utilization of milk in manufactured products and J a n u a r y 1940-January 1946 revisions, . w
are on p . 19 of this issue. Revised estimates of potato crop for 1929-40 are available on request.
....
'on
April 1947
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
February
S-27
1946
1947
February
March
April
May
June
1947
July
August
September
October
Novem- Decem- Januber
ber
ary
26, 987
FOODSTUFFS AND TOBACCO—Continued
GRAINS AND GRAIN PRODUCTS
Exports, principal grains, including flour and meald*
thous. of bu__
Barley:
Exports, including maltd*
do
Prices, wholesale (Minneapolis):
No. 3, straight
dol. per bu_.
No. 2, malting
do
Production (crop estimate)!
thous. of bu_Reeeipts, principal markets
do
Stocks, commercial, domestic, end of month
do
Corn:
Exports, including meal<?.
_
thous. of bu_.
Grindings, wet process
do
Prices, wholesale:
No. 3, white (Chicago)
dol. per bu._
No. 3. yellow (Chicago)
do
Weighted average, 5 markets, all grades
do
Production (crop estimate)!
thous. of bu__
Receipts, principal markets
do.
Stocks. domestic, end of month:
Commercial
do.
On farms t
do_
Oats:
Exports, including oatmealcf
do
Price, wholesale, No. 3, white (Chicago)-dol. per bu__.
Production (crop estimate)!
thous. of bu__
Receipts, principal markets
do
Stocks, domestic, end of month:
Commercial
do
On farms!
do
Rice:
Exports^ 1
pockets (1001b.)-Imports cT
do
Price, wholesale, head, clean (N. O.)
dol. per l b . .
Production (crop estimate)!
thous. of b u . .
California:
Receipts, domestic, rough
bags (1001b.).Shipments from mills, milled rice
do
Stocks, rough and cleaned (in terms of cleaned),
end of month
bags (1001b.)-Southern States (La., Tex., Ark., Tenn.):
Receipts, rough, at mills
thous. of bbl. (162 lb.)_.
Shipments from mills, milled rice
thous. of pockets (100 lb.)__
Stocks, domestic, rough and cleaned (in terms of
cleaned), end of mo...thous. of pockets (100 lb.)_.
Rye:
Price, wholesale, No. 2 (Minneapolis)
dol. per b u . .
Production (crop estimate)!
thous. of bu._
Receipts, principal markets
do
Stocks, commercial, domestic, end of month
do
Wheat:
Disappearance, domestic!
do
Exports, wheat, including flourcf
do
Wheat onlycf
do
Prices, wholesale:
No. 1, Dark Northern Spring (Minneapolis)
dol. per bu__
No. 2, Red Winter (St. Louis)
do
No. 2, Hard Winter (K.C.)
do....
Weighted av., 6 mkts., all grades
do
Production (crop estimate), total!
thous. of bu__
Spring wheat
do
Winter wheat
do
Receipts, principal markets
do
Stocks, end of month:
Canada (Canadian wheat)
do
United States, domestic, totali !
do
Commercial
do
Country mills and elevators!
do
Merchant mills
do
On farms!
do
Wheat flour:
Exports^
do
Grindings of wheats
do
Prices, wholesale:
Standard patents (Minneapolis)§
dol. per bbl__
Winter, straights (Kansas City)§
do
Production (Census):!
Flour
thous. of bbl__
Operations, percent of capacity
Offal
thous. of lb_.
Stocks held by mills, end of month
thous. of bbl..
38, 544
33,417
28,346
21,168
41, 542
28,845
27, 347
24,134
12, 333
475
871
814
793
570
245
402
249
209
1.64
1.76
1.30
1.31
1.34
1.35
1.34
1.36
1.40
1.43
1.43
1.45
1.61
1.66
1.61
1.66
1.67
1.70
1.61
1.70
4,806
19,313
5,089
14, 624
11, 300
5,062
8,335
4,116
5,939
4,668
4,464
8,284
3,983
18, 250
11, 554
22, 046
18, 248
14,840
26,161
1.69
1.77
2 263,350
8,026
9,214
24, 510
20, 985
Jl, 701
417
5,759
565
11, 385
152
9,322
2,024
9,722
7,036
10, 636
2,508
9,469
997
9,977
111
10, 456
385
11, 652
487
12,198
1.26
0)
1.11
1
0)
1.53
1.40
2.32
2.17
2.03
0)
1.93
1.88
2.10
1.82
1.63
" 16," 153 ~ 29," 383 "~il,~ 103
15,904
19, 511 29,171
496, 928
"23,924
16,830
0)
1.89
'1.83
11,297
11, 864
11,768
4,944
3153,003
4,076
14, 758
337
.82
25,315
2,384
.78
30, 832
3,872
.81
2,517
.85
7,181
15,080
1.51
1.42
1.31
0)
0)
.94
0)
(0
" 43," 643 "33," 196
16, 581
34, 505
26, 886
23, 608
1,032,856
.86
5, 526
.81
2,010
0)
2,835
(
"§,"412
13,104
16, 473
11,045
6,162
28, 921
23, 890
571, 372
14, 234
815,915
7
.066
920,815
7,817
.066
698,915
3,166
.066
C)
1.45
1.30
1,89
0)
653
0)
5,478
5,915
3,153
274, 862
339,350 646, 012
18, 580
3,742
.066
.066
6,578
412, 082 394, 471 363,534
357,147 224,996 240,021
372, 348 406, 543 385, 943 219, 032
216, 602 283,065 239, 752 299,916
283,938
241, 973 272, 359
275, 655 262, 672 280, 446
426
267
1,449
1,562
2,441
264,032
20,319
1,155,691
305, 369 63, 686 141, 848
' 3, 098 13,383
5, 955
.066
.066
.066
758,817
556,844
316
25, 257
"I8,"O62
35,135
435
1.62
1.72
33,569
271
1.70
1.78
10, 241
20, 608
2,076
12,313
5,152
12,705
1.50
1.34
1.25
'3,287,927
40,562
44,316
1.43
1.33
1.21
1.75
1.39
1.31
49,913
27,870
2,165, 716
31,667
946
.86
18, 922
1,703
.83
1,509,867
11,253
11, 426
797
.84
11,543
19, 669
14,185
9,158
7,360
89, 520 1,145,334 1,608,421 486,202
6,668
1,551
63
1,328
.066
.066
.066
.066
2 71,520
56,399 1,363,897 901,952 860, 461 863,324
491,946 704,105 703,634 601,980
52,842
144, 392
523,274 452, 766 327, 526 327, 349
123, 691
2, 564
495
4,713
1,377
680
2,493
2,684
184
2,323
1,868
1,814
1,085
4,708
485
4,624
4,365
3,396
1,987
2.68
2.79
1.95
2.39
2.86
2.24
2 18,685
1,123
692
596
"T6l6"
469
1,612
1,126
2,143
2,476
2,465
108
81
25
7
1,121
683
462
253
439
2,598
1,772
1,190
821
591
171
3.11
2.13
2.36
2.70
2.84
2.85
2.09
322
2,336
404
3,340
476
3,113
317
1,016
270
••460
72
322
193
262
31, 764
18,476
350,805
29, 551
21,485
23,154
12,808
16, 268
6,526
231,161
33, 283
23,869
25, 754
17,322
23, 552
15,977
305, 543
19,835
10, 501
10, 793
6,100
23,369
11, 563
1.75
(0
1.69
1.72
1.77
0)
1.72
1.75
1.77
(0
1.72
1.76
1.81
0)
0)
1.79
1.90
1.94
1.86
1.90
2.22
2.11
1.98
2.03
2.06
2.03
1.94
1.99
2.10
2.08
1.96
2.05
2.20
2.14
2.04
2.14
2.33
2.25
2.10
2.23
2.25
2.33
2.09
2.18
21,457
31,111
16,472
40, 268
41,005
56,113
54, 929
109,723 141,047 152,631
950, 286
103, 595 98~392 85, 512
177,329
114,463
552, 715
148,849 131,889
642,983
56, 256 "48," 432
118,999
97,069
366, 255
2.31
2.40
2.26
2.28
38,716
119,006
44,745
57,162
11.62
11.42
10,680
10,142
8,617
69.4
65.8
55.8
622, 980 584, 280 492, 800
2,385
2.27
2.32
2.07
2.17
21,155,715
281,8 22
873,893
36, 581
33,868
27,349
11,141
76, 432
53,853
39, 487
50,903
90, 253
98,963
1,794
47,500
1,612
51,442
1,986
54, 210
60,069
2,512
57, 690
3,388
60, 647
3,449
64, 575
9.53
9.58
8.72
9.25
9.19
9.55
9.38
10.95
10.38
11.61
10.90
11.52
11.10
8,943
11, 259 12,173
60.2
72.8
75.8
505, 660 641, 300 712,000
906
12,078
84.5
902,900
2,205
13, 298 12, 749
13,368
89.1
82.7
89.5
,022,700 386,350 1,043,688
3,216
14, 238
92.3
,112,708
591
1,352
5,135
1,346
591
1,403
5,844
1,542
81, 080 • 63, 529 46, 791
122, 374 102,441
331, 228
100,094
,
34,317 ~ 177849" 30,126
35, 570
3 29, 917
55,899
3 8,382
198, 481
312,838
3 41, 606
2,827
1,716
2,073
2,003
2,201
59,361
44,975 42, 745 36, 220 37, 556
6.55
6.55
6.55
6.55
6.55
6.46
6.49
6.49
6.49
6.49
12,609
13,016
93.2
91.3
982, 960 ,032,900
307,303
30,920
14,995
38, 254
LIVESTOCK
Livestock slaughter (Federally inspected):
Calves
thous. of aminals.
Cattle
do...
Hogs
do___
Sheep and lambs
do___
r
3
521
1,143
3,897
1,271
427
1,015
4,698
2,196
484
904
3,636
1,978
445
715
3,858
1,736
402
676
4,149
1,374
294
451
2,316
1,678
542
1,239
3,863
1,738
534
1,240
2,843
1,578
364
360
438
1,300
651
1,103
3,114
2,005
656
1,348
5,434
1,529
J
2
Revised.
No quotation.
Dec. 1 estimate.
Includes old crop only; new corn not reported in stock figures until crop year begins in October and new oats and wheat until crop year begins in July.
cf Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
t Data relate to regular flour only; in addition data for granular flour, collected for January 1943 to February 1946, are given in notes in the May 1946 and previous issues of the
Survey.
§ Prices since May 1943 have been quoted for sacks of 100 pounds and have been converted to price per barrel to have figures comparable with earlier data. For March-August
1946 quotations are for flour of 80 percent extraction; beginning September 1946, quotations were resumed for flour of normal extraction (72 percent).
1 The total includes wheat owned by the Commodity Credit Corporation stored off farms in its own steel and wooden bins not included in the break-down of stocks.
! Revised series. The indicated grain series have been revised as follows: Crop estimate for oats, 1932-41, and rice, 1937-41; other crop estimates, 1929-41; domestic disappearance
of wheat and stocks of wheat in country mills and elevators, 1934-41; corn, oat and wheat stocks on farms and total United States stocks of domestic wheat, 1926-41; see note marked
" t " on p. S-26 of the April 1946 Survey for sources of revisions for 1941; all revisions are available on request.
S-28
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
February
1947
April 1947
1947
1946
February
March
April
May
July
June
August
September
October
Novem- December
ber
January
FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK—Continued
Cattle and calves:
Receipts, principal markets
thous. of animals..
Shipments, feeder, to 8 corn belt Statesf
do
Prices, wholesale:
Beef steers (Chicago)
dol. per 100lb__
Steers, stocker and feeder (K. C.)
do
Calves, vealers (Chicago)
do
Hogs:
Receipts, principal markets
thous. of animals..
1,950
98
1,960
97
1,920
91
2,145
109
1,783
106
1,725
141
3,121
176
2,562
323
1,923
388
3,650
730
2,871
445
2,447
233
2,404
154
21.94
18.96
22 88
16.14
14.71
14 81
16.26
15.22
15.66
16.56
15.86
15.75
16.77
15.82
15 63
17.30
15.72
15 88
21.36
15.53
17.10
21.71
15.51
16 44
17.99
15.99
16 15
23.57
16.42
18 19
23.64
16.30
18 38
23.19
17.63
18 20
22.16
17.68
22 13
2,304
2,952
2,211
2,472
2.431
1,352
3,070
1,832
293
2,264
3,221
2,993
3,469
25.70
19.4
14.77
12.8
14.80
12.5
14.81
12.2
14.81
10.6
14.77
10.1
17.94
20.84
11.6
16.25
9.1
22.82
13.5
24.07
18.0
22.87
18.6
22.45
18.0
1,406
198
2,481
154
1,753
90
1,984
67
1,610
56
2,517
76
2,286
98
2,176
338
2,542
865
3,656
941
1,966
304
1,495
121
1.669
171
23.13
20.18
14.70
15.50
15.23
15.38
15.51
15.30
16.00
16.75
20.38
0)
(0
0)
20.50
16.53
19.00
17.26
23.00
17.90
22.25
17.77
23.25
18.00
23.25
19.45
1,434
884
67
61
173
1,595
791
49
44
191
1,296
750
49
46
136
1,226
691
44
44
200
1,224
619
38
36
189
797
496
31
30
220
1,581
484
38
28
118
1,286
389
40
27
61
351
258
22
19
13
1,245
297
26
21
32
1,742
442
39
26
40
1,724
623
56
36
42
1,954
'854
'68
'54
50, 214
Exports!
thous. of lb__
Price, wholesale, beef, fresh, native steers (Chicago)
.362
.200
dol. per lb_.
631, 697 569, 746
Production (inspected slaughter)
thous. of lb
197, 783 ' 164,671
Stocks, cold storage, end of month®© 1 . _
do
94,545
30,945
44, 577
39, 738
29, 912
20,926
19, 691
2,535
532
828
3,475
.202
526,166
162, 098
.203
431, 517
140,157
.203
409,953
105,905
.203
275, 752
67,850
.319
674,964
68, 444
.382
664, 848
101,825
.235
210, 423
79,051
.380
590, 798
64, 521
.409
689,827
111,091
100, 934
16, 533
89, 629
15, 513
75, 865
12,171
57,167
10,863
65,149
10, 378
68,844
9,108
65, 053
13,135
54, 268
8,844
84,170
10,602
64, 591
15,696
924,170
680, 480
718, 345
757, 222
456, 591
837, 553
555,686
85,991
570, 068
987,245
Exports§
do
Prices, wholesale:
.529
Hams, smoked (Chicago)
dol. per lb__
.509
Fresh loins, 8-10 lb. average (New York)
do
555,330
Production (inspected slaughter)
thous. of lb
414,018
Stocks, cold storage, end of month® cf.
_.do
8,222
20, 718
27, 321
47, 991
46,919
49,412
42,219
12, 737
1,076
1,305
.258
.259
708, 566
426, 545
.264
.264
533, 909
396, 753
.268
.266
573, 027
379,373
.265
.266
606, 017
382, 742
.410
.265
.419
.266
360, 342 667, 522
322,433 '297,755
.503
.514
425,735
168,861
.265
.333
71,181
99,859
.265
.476
462,454
142,912
.554
.512
757, 765
209,946
'.522
,509
.404
.427
728, 500 827, 411
276, 232 '399,473
Exports§
_
_ _ _ _ _
___
do
.298
Price, wholesale, refined (Chicago)
dol. per fb__
Production (inspected slaughter) 1
thous. of lb__ 138, 683
126, 562
Stocks, cold storage, end of month©"
do
47, 975
.146
157, 087
90,184
42, 323
.147
106,538
80,438
55, 435
.148
105,369
71,153
64, 861
.148
109, 563
45,539
52, 555
123,348
' 43, 590
27, 665
.350
94, 780
37,969
11,679
.190
10,665
30,021
8,268
.190
77,888
31,513
16, 647
.392
167, 381
40, 623
20, 521
25,074
.260
0)
168, 326 220,245
68, 756 '122,988
.253
31,034
356, 730
.268
31,348
320, 027
.272
37, 278
256,822
.274
34, 765
209,944
.283
.269
38,138
32,865
173,905 '178,842
.265
43,162
207,137
.307
61,131
184,841
.298
89, 972
261, 006
.242
72, 952
301,030
.266
.242
65,114
27, 631
316,577 '316,792
8,362
.331
5,027
19, 732
.332
6,791
22, 576
.333
6,803
18, 763
.336
6,292
16,553
.332
5,085
13,864
.340
4,284
11,151
.346
3,679
4,735
.406
3,295
2,900
.420
3,190
2,585
.406
3,110
3,946
.388
3,765
11, 744
.388
4,568
1,578
117,903
3,771
149, 710
6,425
260,176
8,683
245,287
9,871
265,050
9,537
260,101
7,960
236, 256
5,738
207,244
3,585
168, 591
1,717
132,664
767
102, 437
'287
'80,800
Wholesale, average, all grades (Chicago)
dol. per 1001b..
Hog-corn ratiof.-bu. of corn per 100 lb. of live hogs__
Receipts, principal markets
-thous. of animals.
Shipments, feeder, to 8 corn belt Statesf
do
Lambs, average (Chicago)
_.dol. per 100 lb_.
Lambs, feeder, good and choice (Omaha)
do
MEATS
Total meats (including lard):
Exports!
_
mil. of lb_.
Production (inspected slaughter)
do
Stocks, cold storage, end of month®© 1
do
Edible offal®
do
Miscellaneous meats and meat products®
do
57,380
Production (inspected slaughter)
.do
17, 063
Stocks, cold storage, end of month®©*
do
Pork, including lard, production (inspected slaughter)
thous. of lb_. 745,090
57, 689
.148
69,837
34,910
.
0)
.415
.384
705, y74 757, 702
169, 271 ' 192,660
58,723
16, 893
68,215
'17,114
959,053 1,128,378
6,635
5,040
POULTRY AND EGGS
Poultry?
.266
Price, wholesale, live fowls (Chicago)
dol. per lb_.
Receipts, 5 markets
thous. of lb.- 23,641
Stocks, cold storage, end of month©1
_
do
285,167
Eggs:
12, 749
Dried, production* . . . _
_ do
.378
Price, wholesale, U. S. standards (Chicago)».dol. perdoz._
4,811
Production f
. . . 1 - - millions
Stocks, cold storage, end of month:©
217
Shell
thous. of cases
73, 508
Frozen
thous. of lb
MISCELLANEOUS FOOD PRODUCTS
34, 622
34,056
39,505
54,122
56,850
38, 469
24, 678
56, 287
39, 254
30,467
56,850
38, 865
53, 439
Candy sales by manufacturers
thous. of dol
29,397
14,048
14,409
9,405
25,027
19,433
13, 765
12,237
37,361 ' 43, 367
30,162
46,148
Cocoa, imports§
long tons
Coffee:
1,312
1,635
1,573
814
1,448
1,178
1,524
1,577
1,829
1,416
1,030
1,145
1,109
Clearances from Brazil, total
thous. of bags__
1,163
970
1,189
1,510
837
484
902
946
729
1,081
721
To United States
_.
do
718
748
1,237
1,612
1,824
1,786
1,480
1,947
2,298
2,849
1,716
' 1, 401
1,498
2,103
Imports§
do
.221
.241
.134
.134
.206
.221
.263
.264
.134
.134
.134
.269
.272
Price, wholesale, Santos, No. 4 (N. Y.)..dol. perlb__
2,122
2,142
1,964
2,105
2,319
2,182
1,931
2,044
1,584
2,080
2,143
1,385
1,467
Visible supply, United States
do
Fish:
47,005
66,854
24,151
25, 245
46,776
53,727
53,786
35,025
68, 023
24,645
' 12,578
15,365
Landings, fresh fish, 4 ports
thous. of lb
84,725
75,318
97,806 126,837 152,403 147,085 149,549 158,486 152,803 127,381
84, 265
99,051
Stocks, cold storage, end of month
do
97,939
Sugar:
Cuban stocks, raw, end of months
2,059
2,702
2,902
1,700
553
1,310
712
2,036
2,551
342
373
'1,185
thous. of Span. tons..
1,019
r
Revised. 1 No quotation. 2 Prices beginning December not strictly comparable with earlier data; comparable figure for November 1946, 0.545.
§Data continue series shown in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
cfCold storage stocks of dairy products (p. S-26) meats, poultry, and eggs include stocks owned by the U. S. Dept. of Agriculture and other Government agencies, stocks held
for Armed Forces stored in warehouse space not owned or operated by them and commercial stocks; stocks held in space owned or leased by the Armed Forces are not included.
®See note in May 1946 regarding changes in the indicated series made in that issue and an earlier change beginning June 1944.
• Data beginning in the May 1943 Survey are from the U. S. Department of Labor. Quotations since July 1943 have been for U. S. Standards; they are approximately comparable
with earlier data for fresh firsts.
1 For data for December 1941-July 1942 see note in November 1943 Survey.
*New series. Data for 1927-43 for dried eggs are shown on p. 20 of the March 1943 Survey.
fRevised series. The hog-corn ratio has been shown on a revised basis beginning in the March 1943 Survey; revisions for 1913-41 will be shown later. The series for feeder shipments of cattle and calves and sheep and lambs were revised beginning 1941 to include data for Illinois; revisions for 1941-^2 are shown on p. S-27 of the August 1943 Survey. Data for
egg production have been revised for 1940-45; revisions will be published later.
April 1947
SUEVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
February
S-29
1946
1947
February
March
April
May
June
July
1947
August
September
October
Novem- December
ber
January
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS—Con.
Sugar—C ontinued
United States:
Deliveries and supply (raw value):*
Deliveries, total.__
short tons.. 321,524 ••285,326 476, 316
For domestic consumption
do
299, 560 '276,700 425,742
50, 574
21,964
For export
do
Production, domestic, and receipts:
465,834
Entries from off-shore areas
do
335, 229 263,345
19, 305
24,771
Production, domestic cane and beet
do
'1,175,947 1,184,341
Stocks, raw and refined,
end of month
do
r
7,003
33,945
Exports, refined sugar _
do
Imports: §
191, 214 310, 519
Raw sugar, total
do
From Cuba
do
191,214 310,519
33,816
Refined sugar, total
do
195
33,656
From Cuba
do
0
Receipts from Hawaii and Puerto Rico:
Raw
do
38,774 112,933
Refined
do
10,417
0
Price, refined, granulated, New York:
.073
Retain
dol. perlb..
.096
.059
Wholesale
do
.056
6,139
Tea, imports§
thous. of lb_.
12, 569
TOBACCO
Leaf:
Exports, incl. scrap and stems§
thous. of lb_
Imports, incl. scrap and stems§
do___
Production (crop estimate)
mil. of l b .
Stocks, dealers and manufacturers, total,
end of quarter
do_-_
Domestic:
Cigar leaf
do._.
F ire-cured and dark air-cured
do...
Flue-cured and light air-cured
do. _ _
Miscellaneous domestic
do._.
Foreign grown:
Cigar leaf
do_-_
Cigarette tobacco
do
Manufactured products:
Consumption (withdrawals:)
Cigarettes:
Tax-free*.
millions.
Tax-paid
do...
36, 338
Cigars, tax-paid
thousands- 446,042
Manufactured tobacco and snuff, tax-paid-.thous.of lb.
17, 389
Exports, cigarettes §
millionsPrice, wholesale (list price, composite):
Cigarettes, f. o. b., destination
dol. per 1,000.
6,509
Production, manufactured tobacco, total..thous. of lb.
Fine-cut chewing
do.__
Plug
do...
Scrap, chewing
do
Smoking
_
_
do
Snuff
do...
Twist
do...
43,902
4,043
52, 230
5,129
554,074 524,662
497,841 451,994
56, 233 72,668
598,604 590,347
526, 605 557, 235 561,695
71,999
33,112 47,188
433,190 501,777 478, 311 460,172
8,345
9,613
13,173
18,254
1,080,908 1,065,183 955,031 824,641
47,191
58, 321 59,716 61,897
482,194
475,921
6,273
456, 566 498, 073
418, 790 •482, 722
37, 776 r 15,351
402, 299 297, 275 233,063 223, 781 257,017 243, 687
49,780 94,691 483, 532 642, 633 437, 471 106, 885
671, 491 519,727 832,071 1,209,820 1,441,531 1,317,262
3,280
33,844 22, 546
6,734 24,968 22, 095
143, 528 240,190 189,418 267, 460 157,171 126,958
143,528 230,471 179,666 267,460 145,072 116,529
49, 932 30,294
38, 785 38, 061 15,001
47,349
15, 001 47, 349 49,932 30,294
38,735 38,061
97,960
92,812
35,099
35,098
180,167
180,167
23,647
23,647
210,784
210,784
16,160
16,160
76,424
1
2,500
5,004
42,816
2,751
179,667
17,685
160,827
30,150
179,922
4,750
.074
.059
6,580
.073
.059
3,077
.074
.059
1,540
.074
.060
1,336
.075
.060
6,350
.076
.067
()
.074
3,846
.092
.076
16, 286
.095
.078
11, 486
.095
.079
12,891
60,401
4,727
62, 293
5,633
60,740
4,861
36,970
5,381
39,595
5,613
50,461
6,031
54,383
6,883
94,129
6,520
60, 861
4,817
3 2, 235
55, 059
30,930
209, 662 128,747
4,774
1,709
3,342
2,853
2,998
3,281
377
223
2,626
2
366
196
2,168
3
327
165
2,389
3
303
159
2,683
85
26
95
26
87
1,944
2,487
2,665
25,440 28, 953 26,865
439,396 500,572 457,703
20, 949 22, 733 21.671
1,125
1,832
1,967
2,561
32,778
588,067
25,631
1,139
2,396
26,401
480,479
18,519
1,449
3,388
25,452
484,318
20,023
1,997
3,019
29,972
497,297
21,223
4,444
2,445
26,360
452,180
21,084
2,427
6.006
18,065
6.006
19.067
282
4,373
4,
6.056
19,750
290
4,172
3,647
7,808
3,333
6.255
21,472
334
4,481
2,738
10,051
3,339
529
6.255
21,092
302
4,280
3,635
9,395
3,022
458
3,419
508
219, 672
219, 669
15,913
15, 559
197,733
23,657
1,737
23,637
455,024
17,776
1,049
262
4,317
3,948
5,944
3,128
466
533,875 396,831
521,428 392,018
4,813
12, 447
3,519
3,165
27, 696 22, 695 28, 451
546,949 465, 769 510, 264
22, 728 17,636 20,124
2,714
1,523
1,438
6.255
21,078
326
4,657
3,968
8,909
2,721
497
6.225
21.672
311
4,361
3,860
9,618
3,061
461
6.424
25, 674
348
4,821
4,627
11,676
3,640
561
6.509
23, 236
315
4,096
3,794
11,266
3,303
462
6,509
18, 360
296
3,500
3,425
7,410
3, 332
6,509
374
4,631
4,437
9,486
3,429
511
6.255
LEATHER AND PRODUCTS
HIDES AND SKINS
Livestock slaughter (see p. S-28).
Imports, total hides and skins §
__-thous. of lb__
Calf and kip skins
thous. of pieces..
Cattle hides.
do
Goatskins
___do
Sheep and lamb skins
do
Prices, wholesale (Chicago):
Hides, packers', heavy, native steers
dol. per lb..
Calfskins, packers', 8 to 15 lb
do
11,172
0
20
2,297
1,968
.231
.475
.155
.218
15,331
2,332
2,818
.155
.218
17,340
0
50
1,571
4,684
15,876
1
80
1,168
3,609
13, 667
11
41
1,271
3,244
19,563
35
83
2,496
5,091
15,384
20
85
2,640
3,178
16,721
48
150
1,864
3,701
19, 238
124
140
2,273
2,419
30,921
59
306
4,454
2,540
32,196
126
206
3,239
2,157
18,925
59
118
2,683
1,833
.155
.218
.155
.218
.155
.218
.239
.268
.155
.218
.155
.218
.155
.218
.435
.276
.414
.238
.396
LEATHER
Exports: §
Sole leather:
51
146
71
626
307
364
640
655
2,335
1,818
3,113
Bends, backs and sides
thous. of lb._
721
20
5
90
153
186
25
17
488
Offal, including belting offal
do
573
1,322
593
296
2,512
2,929
1,107
1,899
2,282
4,430
2,011
834
4,072
Upper leather
do
3,280
3,324
2,853
Production:
755
844
832
959
981
1,011
1,086
Calf and kip
thous. of skins.831
1,032
801
907
1,895
2,143
2,058
2,160
2,046
2,331
«• 2,185 ' 2 , 4 2 0
2,089
Cattlehide
thous. of hides..
2,500
2,479
2,544
1,739
2,304
1,656
1,761
2,598
2,427
1,773
1,537
2,524
2,027
Goat and kid
thous. of skins..
2,190
2,143
3,702
4.088
3,944
' 3,667
3,584
3,529
3,951
'4,558
3,388
3,986
4,256
4,288
Sheep and lamb
do
1 Data beginning January 1946 reflect a change
in
the
sample
and
in
the
method
of
summarizing
reports;
January
1946
figure
comparable
with
earlier
data
is
$0,064.
2 No quotation. 3 December 1, estimate. r Revised.
§Data continue series published in the 1942 Supplement but suspended during the war period (it should be noted that data for sugar are shown in long tons in that volume);
data for October 1941-February 1945 will be published later.
* New series. The new sugar series include raw and refined sugar in terms of raw (see also note in the April 1945 Survey). The new series for tax-free withdrawals of cigarettes is from the Treasury Department, Bureau of Internal Revenue, and includes withdrawals of small cigarettes for export and for consumption outside the United States; taxfree withdrawals were comparatively small prior to the war period. Monthly data beginning July 1943 are shown on p. S 29 of the March 1947, Survey.
S-30
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
February
April 1947
1946
1947
February
March
April
May
June
July
1947
August
September
October
Novem- December
ber
January
LEATHER AND PRODUCTS—Continued
LEATHER—Continued
Prices, wholesale:
Sole, oak, bends (Boston)f
dol. per lb_.
Chrome, calf, B grade, black, composite
dol. per sq. ft_.
Stocks of cattle hides and leather, end of monthtt
Total
_ _ _ _ thous. of equiv. hides. _
Leather, in process and
finished
do
Hides, raw
___
do ._.
0)
.440
.440
.440
.440
.462
,675
.470
.470
.958
.533
.533
.533
.533
.536
.570
.558
.565
10, 059
6,052
4,007
9,721
6,054
3,737
9,539
6,098
3,441
9,217
6,000
3,204
8,503
5,971
2,532
8,419
5,541
2,878
7,633
5,681
1,962
744
43, 701
464
43, 237
635
1,095
47,955
427
47, 528
676
981
49, 437
273
49,164
666
1,663
49, 460
227
49, 242
690
1,701
44,957
315
44,642
627
776
37,021
139
36, 882
536
33, 091
1,777
3,068
4,421
8,508
15,317
4, 622
4,757
133
35, 483
1,807
3,248
4,904
8,954
16,571
5,671
5,487
211
36, 669
1,872
3,363
5,066
9,383
16,985
5,876
5,731
222
36, 689
1,879
3,238
5, 060
9,592
16,920
5,646
5,879
338
32,815
1,752
2,960
4,379
8,703
15,021
5,304
5,708
188
2,218
688
154
20
513
1,530
169
220
1,141
2,432
794
185
23
586
1,638
176
225
1,237
2,331
774
169
23
581
1,557
182
214
1,160
2,418
798
185
24
590
1,620
167
212
1,241
2,274
765
166
28
571
1,509
156
192
1,161
.470
.880
.770
0)
0)
0)
O!
7,565
5,714
1,851
7,446
6,004
1,442
8,482
5.435
3,047
' 8, 935
r 5, 718
3,217
8,99?
5 845
3,15C
1,159
46, 236
172
46,064
486
342
41, 651
140
41,511
330
289
47, 469
171
47, 297
394
459
40, 752
196
40, 556
395
691
r 39, 068
198
r
38, 870
397
464
41, 05'
26, 504
1,502
2,456
3,346
7,662
11, 538
4,693
4,980
169
32,117
1,720
2,838
4,119
8,692
14, 748
6,679
6,563
219
30, 022
1,607
2,575
3,727
7,901
14, 212
5, 279
5,681
199
34,194
1,743
2,962
4,183
8,874
16, 432
5,173
7,234
302
30,011
1,588
2,555
3,831
8,153
13,884
4,304
5,606
240
f 31,884
1, 761
2, 632
4,034
8,947
r
14, 510
r 3. 461
'2,915
213
34, 95:
l,67f
2,96*
4,63S
9,17(
16, 50'
3,12<
2,46(
16(
2,024
652
141
18
493
1,372
116
159
1,097
2,255
806
175
25
606
1,449
125
186
1,138
2,103
737
153
18
566
1,366
119
175
1,072
2,549
882
167
20
695
1,667
143
197
1,327
2,282
757
145
15
597
1,525
112
164
1,249
2,103
••628
102
9
'516
r
1,476
98
178
r 1, 200
.902
LEATHER MANUFACTURES
Boots, shoes, and slippers:
Exports §
thous. of pairs
Production, totalf
_ _ _ - do -.
Government shoes
do
Civilian shoes, total
__
. do
Athletic
do
Dress and work shoes, incl. sandals and playshoes:
Leather uppers total
thous. of pairs
Boys' and youths'
do
Infants'
do
Misses' and children's
do
Men's
__
._ _ _
do _Women's
do
Part leather and nonleather uppers
do
Slippers and moccasins for housewear
do
All other footwear
do
Gloves and mittens, production, total*
thous doz pairs
Dress and semi-dress, total
do
Leather
do
Leather and fabric combination
do
Fabric
_
__
do _
Work, total
do
Leather
_.
_
.
do
Leather and fabric combination
do
Fabric
.
_ _ _ _ _ do --
(2)
41, 05'
35^
2,265
57<
10
<
47<
1,6&
9(
19<
1,39'
LUMBER AND MANUFACTURES
LUMBER—ALL TYPES
Exports, total saw mill products§
M bd. ft_
Sawed timber§
do...
Boards, planks, scantlings, etc.§
do.-Imports, total sawmill products §
do.-National Lumber Manufacturers Association:!
Production, total
mil. bd. ft.
Hardwoods.
do.-Softwoods
do
Shipments, total
do_.Hard woods
do.__
Softwoods
do_-Stocks, gross, end of month, total
do..Hardwoods
do
Softwoods
do.--
2,403
612
1,791
2,378
598
1,780
4,346
1,420
2,926
56,871 43, 784 54,366 44, 237 23,802 38,251 81,976
4,329
7,183 28,614
10, 290 13, 876 12,852 14, 777
44, 968 27,825 34, 783 26, 889 17, 485 30,103 45,149
76,930 109, 970 123, 411 111, 685 131, 669 117, 696 123,816
52, 574
11,708
39,194
79, 434
71, 094
21, C06
48, 091
95, 354
63, 060
21, 278
39,878
97,136
53, 583
21, 396
30,866
90, 263
1,887
498
1,389
1,911
479
1,432
3,482
877
2,605
2,279
640
1,639
2,307
582
1,725
3,397
886
2,511
2,538
681
1,857
2,517
674
1,843
3,420
873
2,547
2,668
699
1,969
2,621
691
1,930
3,481
875
2,606
2,689
659
2,030
2,541
622
1,919
3,614
904
2,710
2,656
731
1,925
2,505
632
1,873
3,735
974
2,761
2,917
793
2,124
2, 653
660
1,993
3,940
1,071
2,869
2,709
821
1,888
2,471
642
1,829
4,148
1,212
2,936
2,921
854
2,067
2, 645
731
1,914
4,405
1,318
2,517
738
1,779
2, 353
619
1, 735
4,534
1,407
3,127
2,301
623
1,678
2,279
577
1,702
4,542
1,431
3,110
2,625
6,725
2,850
2,675
4,300
3,025
6,875
3,100
2,725
4,650
4,325
6,550
3,100
4,350
3,200
3,700
6,175
2,950
3,875
2,475
2, 750
6,250
2,550
2, 700
2,425
2,3C0
5,750
2,375
2,375
2,375
6,150
3,100
3,125
2,475
2,550
5,425
2,925
3,375
2,425
3,750
5,700
3,400
3,425
2,200
3,250
5,250
3,475
3,625
1,975
4,350
6,100
3,950
3,700
1,950
17, 329
37, 694
17, 453
22,892
9,391
15, 971
35, 529
18,958
18,136
9,661
16, 817
34, 280
18, 757
20,996
7,425
19, 434
33, 371
20,119
20.982
7,270
15, 426
31,158
17, 239
17, 639
5,162
20, 247
31, 657
20, 838
19, 747
6,081
18,931
30, 055
22,860
24, 734
4,209
22, 851
(3)
27,527
27,331
29, 212
42,190
35,922
34,882
4,738
29, 245
41,800
34,079
33, 065
5,752
29,194
41, 249
33, 955
31. 248
7,431
FLOORING
Maple, beech, and birch:
Orders, new
Orders, unfilled, end of month
Production
Shipments
Stocks, end of month
Oak:
Orders, new
Orders, unfilled, end of month
Production
Shipments
Stocks, end of month
M bd. ft.
do..do
do
do...
do
do..do
do_._
do.._
SOFTWOODS
Douglas fir:
31,375 42, 207 39, 682 29, 889 30, 020 22, 271 18, 710 20, 478
6,233
2,138
37, 421
Exports, total sawmill products!
M bd. ft
9,806
654
5,845
9,256
8,242 13, 225 16, 733 15, 231
5, 702
2,632
20, 629
Sawed timber§
do_.
1,484
16, 792
23,133 28,982 22, S49 14, 476 22,682 13, 015 13,008 10, 672
3,601
Boards, planks, scantlings, etc.§
do
Prices, wholesale:
Dimension, No. 1, common, 2 x 4—16
47, 824
34.790 37.362 38.220 38.220 41.528 42.630 42.630 42.630 42.630 43.855
dol. per M bd. ft.. 58, 800
63, 308
Flooring, B and better, F. G., 1 x 4, R. L
do
44.100 51.450 53.900 53.900 58.310 59.780 59.780 59.780 59.780 59.780
85, 505
Southern pine:
9,565
9,093 13, 816 11,973
5,317
15, 885
16,384 11,716
21,360
11,178 10,861
Exports, total sawmill products!
M bd. ft_.
2,703
3,228
4,880
4,534
3,506
Sawed timber §
do
5,743
5,260
1,034
4,955
2,035
4,080
6,862
6,644
5,865
11, 005
8,467
8,073
11,124
16, 405
8,826
4,283
Boards, planks, scantlings, etc.§
do
7,636
r
Revised.
1
No quotation.
2 Data not collected separately; included with data for civilian shoes.
3 Data not available.
§Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
tData reported since January 1945 cover stocks in tanners' hands only; all data were therefore revised beginning in the November 1946 Survey to cover only tanners' stocks; the
figures for total stocks for January, March, and May include small revisions that are not available for the breakdown between leather and raw hides.
^See note for boots and shoes at the bottom of p. S-23 of the July 1945 Survey regarding changes in several classifications and note marked "$" on p. S-28 of that issue regarding
other revisions; revisions for January-May 1943 and 1945 and January-April 1944, which have not been published, will be shown later.
*New series. The series for gloves and mittens were first included in the May 1946 Survey; see note in that issue.
fRevised series. The price for sole oak leather has been shown on a revised basis beginning in the October 1942 Survey; revisions beginning July 1933 are available on request.
There have been unpublished revisions in the January 1944-February 1945 data for the lumber series and also earlier revisions which have been published only in part (see note in the
April 1946 Survey); all levisions through February 1945 will be shown later.
April 1947
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in t h e
1942 Supplement to the Survey
February
S-31
1946
1947
February
March
April
May
June
July
1947
August
September
October
Novem- December
ber
January
LUMBER AND MANUFACTURES—Continued
SOFTWOODS-Continued
Southern pine—Continued.
Orders, newf
mil. bd. ft..
Orders, unfilled, end of monthf
do
Prices, wholesale, composite:
Boards, No. 2 common, 1" x 6" or 8" x 12't
dol. per M bd. ft..
Flooring, B and better, F. G., 1" x 4" x 12-14't
dol. per M bd. ft..
Production!
mil. bd.ft..
Shipments!
do
Stocks, end of month|
do
Western pine:
Orders, newf
do
Orders, unfilled, end of monthf
do
Price, wholesale, Ponderosa, boards, No. 3 common,
1" x 8"
dol. per M bd. ft..
Production!
mil. bd. ft_.
Shipments!
do
Stocks, end of monthf
do
West coast woods:
Orders, newf
do
Orders, unfilled, end of month
do
Production!
do
Shipmentsf
do
Stocks, end of month
do...
586
551
'532
698
'628
731
'648
746
'544
701
'602
679
'576
738
'593
651
'601
642
'547
633
'506
574
'58S
565
72.423
43. 465
46.029
46. 029
46. 029
46.029
46.083
46.083
46.083
46. 083
53.182
67.163
69. 484
61.131
'531
'530
1,066
65.091
••603
'598
1,071
65. 091
'646
'635
1,082
65. 091
' 611
' 633
1,060
65.091
'610
'589
1,081
65.091
'625
'624
1,082
65. 091
'625
'622
1,085
65.091
'567
'575
1,077
65. 091
'668
'610
1,135
74. 723
'589
'556
1,168
96. 546 103. 750
'578
'610
'597
'565
1,194
1,213
299
299
480
417
445
293
515
280
543
568
276
565
476
275
425
269
"461
302
36.16
234
297
761
35.77
296
373
684
39.15
457
461
710
40.65
584
529
765
40.07
652
581
40.93
656
590
901
617
258
40.19
720
634
987
40.35
618
564
1,041
40.38
611
560
1,092
40.36
480
489
1,083
43.30
385
430
1,038
45.60
329
428
939
423
683
449
441
527
636
532
556
375
543
632
532
532
362
518
601
527
526
368
476
559
517
511
378
425
545
403
415
378
552
554
541
5C3
403
445
538
469
448
420
562
576
552
512
462
449
544
461
446
475
459
514
437
469
448
727
523
633
720
377
97,828
98,619
28,096
109,005
105,999
30,988
120,152
120,176
29,753
128,489
129,926
28,016
121,412
125,068
24,391
62
64
63
63
62
59
68
68
72
73
70
74
108
69
31
1
38
115
70
37
52
128
71
38
1
53
146
70
41
2
40
147
69
37
1
53
137
62
33
3
47
141
71
39
2
35
137
70
40
53
141
72
42
6
27
130
75
38
17
28
120
77
78
476,221 488,300 394, 382 395,923
18,568
11,620
16, 752 18,160
157, 753 111, 694 64, 737 131,022
3,409
3,032
103
4,389
513,595
10,893
119,664
763
()
686
600
1,280
48. 51
283
SOFTWOOD PLYWOOD
Production*
thous. of sq. ft., %" equivalentShipments*
do...
Stocks, end of month*
do
129, 622
127,658
31,995
99,747 126,974
92, 288 124,891
34,189
33,842
129, 270 149,600
128,086 149,583
35,560 34,959
129,635 121,816 140,058
128,691 129, 727 136,064
34,984 ' 26, 882 30, 712
FURNITURE
All districts, plant operations
...percent of normal.
Grand Rapids district:
Orders:
Canceled
percent of new orders.
New
no. of days' productionUnfilled, end of month
do.__
Plant operations
percent of normal.
Shipments
no. of days' production.
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade: §
Iron and steel products:
Exports (domestic), total
Scrap
Imports, total
Scrap.
.short tons.
do...
do...
do...
327,590 349,317
9,322
10,662
89, 230 212,138
3,459
9,584
362, 776 293,447
7,187
9,244
123,513 108,570
207
1,896
480,752 •509,444 532,135
8,381
16,193 15, 671
143,398 102, 686 137,230
1,690
1,159 ' 1,018
Iron and Steel Scrap
Consumption, total*
thous. of short tons.
Home scrap*
do...
Purchased scrap*
do.._
Stocks, consumers', end of month, total*
do...
Home scrap*
do
Purchased scrap*
do...
Ore
Iron ore:
All districts:*
Production
thous. of long tons..
Shipments
do.
Stocks, end of month
do.
Lake Superior district:
Consumption by furnaces
do.
Shipments from upper lake ports
do.
Stocks, end of month, total
do.
At furnaces
do.
On Lake Erie docks
do.
Imports §
do.
Manganese ore, imports (manganese content) §—do.
i 4, 538
2, 326
i 2, 212
4,491
1,376
3,115
4,415
2,415
2,000
4,514
1,346
3,168
4,504
2, 331
2,173
4,405
1,296
3,109
3,662
1,746
1,916
4,380
1,281
3,099
4,214
2,074
2,140
4,110
1,269
2,841
4,476
2,382
2,094
3,660
1,267
2,393
4,670
2,594
2,076
3,324
1,142
2,182
4,449
2,467
1,982
3,258
1,192
2,066
4,907
2,705
2,202
3,163
1,184
1,979
4,579
2,535
2,044
2,992
1,121
1,870
4,239
2,193
2,046
3,034
1,158
1,876
4,900
2,717
2,183
2,886
1,063
1, 823
2,591
1,322
8,404
768
473
6,486
1,096
1,090
6,492
2,192
2,141
6,543
4,578
4,690
6,432
8,850
9,914
5,367
11,612
12, 215
4,764
11,090
11,083
4,770
10,742
10,546
4,966
9,917
9,965
4,860
6,605
6,830
4,607
2,274
1,193
5,688
2,698
1, 251
17.135
6,264
0
24,317
20, 938
3,379
1,748
0
33, 647
29,606
4,041
75
27
6,021
0
27,601
24,100
3,501
81
'63
4,769
730
23,079
20,060
3,019
112
56
2,990
3,616
23, 905
21,075
2,830
237
45
4,995
8,654
26, 265
23,247
3,018
173
33
6,460
10, 848
30,439
27,131
3,307
340
72
6,738
9,774
34,067
30,450
3,617
371
62
6,380
9,636
37,573
33,464
4,109
402
70
6,625
9,209
40, 435
35, 762
4,674
386
69
6,131
6,701
41,918
37,063
4,857
329
77
5,516
247
37, 465
33,056
' 4, 409
237
55
7,024
0
30, 514
26, 744
3,770
223
7&
1
Pig Iron and Iron Manufactures
Castings, gray iron:*
Shipments, total...
short tons_. 993, 605 541,177 796,068 856, 678 757,041 735,060 810,829 944,516 913,824 1,051,068 964, 300 889, 479 1,056,050
575,048 368, 384 505,431 529, 323 454,194 435,866 475, 059 558,957 534,310 610,389 552, 696 505, 728 624, 511
For sale
do.
Unfilled orders for sale
do.. 2,948,813 2,152,766 2,265,336 2,378,348 5,491,811 2,633,118 2,668,782 2,785,609 2,881,906 2,916,268 2,888,219 2,952,203
Castings, malleable ironrcf
55, 938 32,092 48, 561 40, 784 39,187 39,388 34,157 41,935 44,369 50,140 36,802 28, 542 34, 517
Orders, new, for sale
do..
274,018 248, 644 263,227 267, 713 271,925 275-, 845 271,981 272,571 277,309 280,972 278,446 267, 661 259, 764
Orders, unfilled for sale
do..
75, 898
67,903
69,507 79,207 68,987 68,314
Shipments, total
do..
74,716
50, 235 65,010 62,598 61,650 64,446
40,155
46,477 39,328 39, 327 42, 414
35,468 38,021
41, 684 29,326
33,978 36,298 34,975
41, 345 39,631
For sale
do..
3
' Revised, i Total for January and February. 2 Data not available. No quotation.
§ Data continue series shown in the 1942 Supplement but suspended during the war period (it should be noted that data for iron and steel are shown in long tons in that volume);
data for October 1941-February 1945 will be published later.
cf Since May 1944 the coverage of the malleable iron castings industry has been virtually complete; see note in the February 1947 Survey for further information.
* New series. For data beginning September 1941 for softwood plywood see p. 16 of the September 1944 Survey. For description of the series on scrap iron and steel and 1939-40
data, see note marked " • " on p. S-29 of the November 1942 Survey. The series for iron ore, all districts, are from the Department of the Interior, Bureau Oi Mines, and cover the
entire industry, monthly data beginning 1943 and earlier annual totals will be shown later. Data for 1943-45 for gray iron castings are shown on p. 24 of the January 1947 Survey.
t Revised series. See notes marked " t " on p. S-31 of the February 1947 Survey and p. S-29 of the April 1946 issue regarding unpublished revisions in data prior Jto March 1945
for the indicated series on lumber production, shipments, orders, and stocks. The Southern pine price series are shown on a revised basis beginning in the February 1946 Survey;
see note in that issue. The Southern pine series for new orders, production, and shipments have been further revised beginning January 1945 to conform with Bureau of the Census
data for that year; all revisions will be published later.
S-32
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
February
April 1947
1946
1947
February
March
April
May
June
July
1947
August
September
October
Novem- Decem- Januber
ber
ary
METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Pig Iron and Iron Manufactures—Continued
Pig Iron:
Consumption*.
thous. of short tons..
Prices, wholesale:
Basic (furnace)__
_dol. per long ton..
Composite
do
Foundry, No. 2, f. o. b. Neville Island*
do
Production*
thous. of short tons..
Stocks (consumers' and suppliers'), end of month*
thous. of short tons..
Steel castings :f
Shipments total
short tons..
For sale, total
do
Railway specialties
do
Steel forgings:*
Orders, unfilled, for sale, total
do
Drop and upset
do
Press and open hammer
do
Shipments, total
do
Drop and upset, totaldo
For sale
do
Press and open hammer, total
do
For sale
do
Steel consumed in production of forgings
do
Steel ingots and steel for castings:
Production
thous. of short tons...
Percent of capacity §
Prices, wholesale:
Composite, finished steel
dol. per lb_.
Steel billets, rerolling (Pittsburgh),dol. per long ton..
Structural steel (Pittsburgh)
dol. per lb..
Steel scrap (Chicago)
.__dol. per long ton...
30.00
30.86
30.50
4,550
i 3,664
4,374
3,739
2,395
3,623
4,560
4,696
4,571
4,812
4,424
3,888
5,037
25.25
25.92
25.75
1,148
25.63
26.32
26.20
4,424
26.00
26.67
26.50
3,614
26.00
26.82
26.50
2,444
28.00
28.67
28.50
3,682
28.00
28.73
28.50
4,705
28.00
28.73
28.50
4; 898
28.00
28.73
28.50
4,687
28.00
28.73
28.50
4,815
28.00
28.73
28.50
4,435
29.60
30.12
30.50
3,992
30.00
30.86
30.50
1,257
1,239
862
821
810
771
830
881
687
668
674
101,396 146,327
80, 843 108,586
21, 905 33,598
129,211 123, 551 119,157
94, 630 91, 715 84,422
28, 547 25, 604 22,422
130, 450
94, 653
24, 746
126,415
90, 675
25, 993
138, 206
98,945
25, 706
130,813
93,930
27,489
122,219
87, 238
21, 247
138,514
101,443
28. 914
1,046
• 5, 087
126, 242
94,154
28, 423
57, 423
45,151
8,879
668,216
557, 566
110, 650
191,665
151, 311
75, 342
40, 354
27,076
284,451
596, 086
486, 636
109, 450
92, 877
69,196
43, 539
23, 681
15, 803
124, 733
611,565
504, 561
107, 004
122, 609
83, 805
55, 738
38, 804
25, 627
164,177
604,003
506,358
97,645
155, 237
109, 981
67, 056
45, 256
31,175
208, 307
598,505
495,126
103,379
138, 599
101,064
54, 550
37, 535
27, 567
196, 527
610, 204
498,064
112,140
146, 612
106,105
56, 281
40, 507
29, 686
203, 773
623, 723
508, 431
115, 292
153, 839
117, 234
56, 651
36, 605
23, 722
214, 336
639,398
523, 696
115, 702
170, 692
129,496
70, 541
41,196
31, 224
242, 930
647, 579
532, 035
115, 544
162,022
125, 478
69,192
36, 544
26, 943
232,699
706,761
587,663
119,098
189, 280
146,105
79, 262
43,175
31, 643
271, 061
700,398
582, 560
117,838
170, 727
127,104
70, 356
43, 623
31,215
237, 687
676, 505
566, 069
110, 436
172,151
131,139
71, 952
41, 012
30,265
244,285
675, 509
566,271
109,238
190, 580
147, 537
75,657
43, 043
30,183
285, 087
6,431
92
1,393
20
6,923
89
6, 554
87
6,950
89
6,457
85
5,760
74
• 7,213
93
.0301
39.00
.0235
18.75
5,625
74
.0303
39.00
.0235
18.75
6,617
85
.0288
37. 50
.0223
18.75
5, 860
78
.0301
39.00
. 0235
18.75
4,072
52
.0329
42.00
.0250
31.63
6,507
83
.0301
39.00
.0235
18.75
.0305
39.00
.0235
18.75
. 0305
39.00
.0235
18.75
.0305
39.00
.0235
18.75
.0305
39.00
.0235
18.75
.0305
39.00
.0235
23.13
.0312
39.00
.0235
27.25
.0329
42.00
.0250
29.75
6,010
839
839
20
6,733
1,428
1,424
24
7,886
2,000
1,988
38
8,632
1,861
1,875
24
9,763
1,786
1,782
28
9,960
2,031
2,019
40
10, 318
2,393
2,405
28
12, 202
2,039
2,036
30
13,071
2,354
2,351
33
13,612
2,198
2,213
19
15,014
2,091
2,093
17
15, 501
2,327
2,317
27
1,645
1,154
1,948
1,531
1,993
2,049
1,725
1,920
1,797
1,895
2,000
1,480
1,424
1,588
1,646
1,682
1,973
1,890
1,453
1,441
'1,453
r
1,462
1,421
1,393
146, 097 190, 732 248, 662 240,089 306, 798
116, 111 155, 456 213,016 204,977 267,434
29,986 35, 276 35, 646 35,112 39, 364
114, 833 155,894 211,257 205,462 276,459
1,362
1,279
1,367
1,196
1,411
23, 337 23, 912 21,857 20,422 22,900
343, 338
302, 756
40, 582
300, 870
1,391
25, 439
318, 304
282,075
36, 229
277,829
1,340
25,159
258, 763
215, 247
43,516
222,307
1,574
28, 901
192,134
151,882
40, 252
161, 951
1,401
25,196
198, 406
157,030
41, 376
167, 637
1,323
24, 307
174, 890
129, 914
44, 976
138, 203
1,425
27,603
7,865
Steel, Manufactured Products
Barrels and drums, steel, heavy types:®
Orders, unfilled, end of month
thousands.. 13, 086
2,064
Production
_
do
2,066
Shipments
do
25
Stocks, end of month__
do
Boilers, steel, new orders:%
1,334
Area
thous. of sq. ft-.
1,265
Quantity
number..
Cans, metal (in terms of steel consumed):*
Shipments (for sale and own use), total-_.short tons.. 157, 758
111, 154
Food
do
46,604
Nonfood
.do
123, 761
Shipments for sale
do
1,155
Commercial closures, production*
millions..
Crowns, production*
thousand gross.. 24,136
Porcelain enameled products, shipments^
7,034
thous. of doL
Spring washers, shipments
do
Steel products, net shipments:©
Total.
thous. of short tons.
Merchant bars
do
Pipe and tube
do
Plates
do
Rails
do
Sheets
do
Strip—Cold rolled
do...
Hot rolled
do...
Structural shapes, heavy
do__.
Tin plate and terneplate
do...
Wire and wire products
do__.
133, 202
101,147
32,055
104, 975
1,249
20, 290
4,396
317
4,789
355
6,162
407
5,799
384
5,779
399
5,679
455
7,221
506
6,692
543
8,147
580
7,828
' 5, 969
i 4,379
i 453
i 401
1341
i 149
i 1,044
i 137
i 138
i 278
1267
1356
4,214
454
418
371
177
924
106
117
327
249
327
4,336
439
457
361
166
973
118
100
340
265
351
3,667
348
385
263
109
966
121
100
201
241
323
372
334
284
133
877
108
88
274
247
318
4,259
455
427
399
180
960
92
105
313
262
297
4,965
501
501
421
217
1,116
124
137
351
295
387
4,590
452
446
397
199
1,076
115
137
347
244
365
5,261
549
498
467
226
1,233
133
158
387
253
410
5,020
507
482
466
210
1,220
132
144
356
248
391
4,533
460
418
386
174
1,081
123
135
310
265
392
NONFERROUS METALS AND PRODUCTS
Aluminum:
29,811
93, 752 113,445 108, 795
52,329
95,038
55, 598 75, 844 65,356
38,322
88,606
77,110
Imports, bauxite^
long tons...0755
.0775
.0523
.0385
.0550
.0575
.0575
.0682
.0475
.0525
.0775
.0475
.0375
Price, wholesale, scrap castings (N. Y.)__dol. per lb._
Aluminum fabricated products, shipments, total*
154.2
173.2
160.5
146.2
178.7
118.6
109.3
99.4
148.6
110.7
133.8
mil. of lb-.
39.4
23.2
29.2
28.5
27.7
26.7
33.8
32.0
39.9
28.8
35.6
34.8
Castings*
do
120.3
133.7
114.2
81.5
124.9
119.4
40.6
114.8
138.8
90.1
105.0
81.6
72.8
Wrought products, total*
do
92.9
103.9
59.9
24.6
65.6
60.5
53.7
88.8
91.9
110.1
80.3
99.5
92.7
Plate, sheet, and strip*.
do
.275
.275
.221
.275
.195
.237
.237
.208
.195
.237
.237
.259
.237
Brass sheets, wholesale price, mill
doL per lb.
Copper:
14,921
14,168
2,131
7,341
6,267
7,336
9,173
4,225
7,489
10, 966
5,386
10, 564
Exports, refined and manufactures^
short tons.
25,138
20,510 35,755
8,194
25,667 31,193
15, 583
21,272
25,182
32, 503
33,182
45,431
Imports, totals
do
12, 340
9,298
3,481
6,809
3,370
2,950
2,656
1,225
762
5,058
5,486
1,607
For smelting, refining, and export5
do
12, 798
4,712
11,800
22, 526
31, 278
26,373
36,133
24,060 30, 431 15,452 30, 269
18, 322
For domestic consumption, total!
do
8,592
814
5,782
1,276
819
18, 272
19,315
23,929
12,319
12,933
23,625
3,701
Unrefined, including scrap!
do...
4,206
3,898
6,020
14,633
20,358 29,155
Refined^
do...
50
3,211
7,349
17, 950
13,440
12, 508
.1927
.1935
.1178
.1178
.1178
.1406
.1415
.1415
.1415
.1415
.1704
.1928
.1178
Price, wholesale, electrolytic (N. Y.)
dol. per lb.
r
Revised. * Total for January and February. 2 Data not available. <g)Beginning 1943 data have covered the entire industry.
t Based on information recently available it is believed that data beginning 1945 represent substantially the entire industry; in prewar years the coverage was about 90 percent.
0 Total shipments less shipments to members of the industry for further conversion; data prior to 1944 were production for sale.
tData continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
§For 1947, percent of capacity is calculated on annual capacity as of January 1,1947, of 91,241,000 tons of steel; 1946 data are based on capacity as of January 1,1946,91,891,000 tons.
*New series. For pig iron consumption and stocks for 1939-40 and a description of the series see note marked "*" on p. S-29 of the November 1942 Survey. The series on pig iron
production is approximately comparable with data in the 1942 Supplement (data in that volume are in short tons instead of long tons as indicated); see p. S-30 of the May 1943 Survey
for further information and data for 1941-42. The pig iron price series replaces the Pittsburgh price shown in the Survey prior to the April 1943 issue. See note marked "*" on p.
S-33 of the February 1947 Survey for a brief description of the data on aluminum fabricated products and reference to 1945 figures for the total; separate data prior to 1946 for the detail
will be published later. The series for closures, including plastic closures, crowns, and metal cans are compiled by the Bureau of the Census and cover all producers; data prior to
1946 will be shown later. For a brief description of the series for steel forgings, which are also compiled by the Bureau of the Census, and available data for 1945, see note on p. S-32
of the March 1947 Survey.
fRevised series. Data for steel castings are estimated industry totals;see note on p. S-32 of the July 1946 Survey for comparable figures beginning January 1945.
April 1947
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
February
1947
S-33
1947
1946
February
March
April
May
June
July
August
September
October
Novem- December
ber
January
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PRODUCTS—Con.
Copper—Continued.
Production :d"
Mine or smelter (incl. custom in take), .short tons.. 74,347
77,591
Refinery
do.
117,734
Deliveries, refined, domesticcf
do.
74,645
Stocks, refined, end of monthd".
do.
Lead:
Imports, total, except mfrs. Qead content)^
do.
Ore (lead content):
29, 546
Mine production*
do.
Receipts by^smelters, domestic ore:cf
do.
Refined:
Price, wholesale, pig, desilverized (N. Y.)
.1318
dol. per
Production, totaled
short tons.. 43, 077
41, 210
From domestic orecf
do._.
48,398
Shipments©*
do...
42, 835
Stocks, end of monthef
do...
Tin:
Im ports :J
Ore (tin content)
long tons.
Bars, blocks, pigs, etc
do...
.7000
Price, wholesale, Straits (N. Y.)
dol. per lb_.
Zinc:
Imports, total (zinc content) 1
.short tons.
For smelting, refining, and export!
do...
For domestic consumption:%
Ore (zinc content)
..do...
Blocks, pigs, etc
_.do_-.
50,906
Mine production of recoverable zinc*
do...
Slab zinc:
Price, wholesale, prime "Western (St. Louis)
.1050
dol. per lb__
Production^
short tons.. 65,198
76, 074
Shipmentscf
do.
65, 356
Domestied"
do_
162, 461
Stocks, end of monthef
do.
41,667
49,923
86, 998
74, 339
41,832
20,139
58,590
70, 249
29, 280
75, 756
65,448
31,897
20, 551
93,647
75, 754
32, 785 56,906 64, 462 69, 748 72,807
23, 870 43,606 59, 591 67,803
77,947
95, 267 97, 527 118,381 113,158 136, 481
79,145 101,183
98, 619 91,161
73, 024
75, 066
129,206
90,896
78,
77,
141,
80,
674
578
218
832
' 78, 256
80,144
143, 692
12, 291
7,506
6,526
4,981
5,217
5,046
12,909
9,477
19, 295
8,345
24, 427
21,105
29, 507
28, 525
30,382
27,081
28,190
24, 655
25, 554
22,049
23, 660
21,801
25, 044
32,977
28,610
31,373
27, 229
28,054
25, 875
27,324
27, 872
26,180
28, 065
31, 307
31, 476
30, 907
.0650
41, 643
40, 070
48, 257
45,312
.0650
25,336
24,179
28,702
41,939
.0650
23,766
22, 726
23,941
41, 758
.0650
19, 530
18, 393
21, 720
39, 563
.0818
18, 584
17, 450
25,173
32,969
.0925
34, 029
32,622
35, 591
31,996
. 0825
35,690
33,994
32, 811
34, 275
.0825
40, 720
39, 012
34, 047
40,944
.0825
43, 062
41, 217
41, 008
42,992
.1044
40, 041
38, 287
34, 764
48, 262
.1219
40, 448
38, 943
40, 613
48,088
. 1293
44, 422
42, 506
44, 343
48,164
7,540
0
.5200
5,074
0
.5200
4,483
470
.5200
1,067
1,977
.5200
3,242
2,073
.5200
5,665
2,172
.5200
3,593
2,542
.5200
153
581
.5200
783
2,462
.5200
4,904
1,195
. 6452
415
1,991
.7000
3,011
1,285
.7000
27, 662
312
44, 766
2,993
33, 878
3,102
15, 729
25, 424
3,637
14, 425
742
27,331
5,441
32,041
3,624
48,609
5,441
29, 031
12, 742
50, 763
18, 291
12,485
47, 548
31, 057
5,287
19,982
5,788
33, 218
21, 241
3,476
14, 300
13, 050
47, 529
32,419
779
21,943
9,697
48, 215
14, 007
3,758
45,893
17, 242
4,545
48,433
4,784
51, 517
15, 278
6,612
48, 993
18, 608'
9,809
49, 891
29, 879
13, 289
54, 925
.0825
61, 274
54,856
41, 349
273,075
.0825
71,612
83, 693
66,159
.0825
.0825
.0825
.1012
.0923
.0825
.0825
60,903
62, 416 58,812 59, 014 59, 752 58,475 64,138 66, 873
69,489
73,191
60, 492 69, 220 51, 886 65, 927 73,915 91, 429
60, 809 60, 380 51,101
58,321
43, 522 60,130 71, 667 75, 781
248, 706 241, 633 239,953 229, 747 237, 613 230,161 220, 384 195,828
.1050
70,176
90, 204
77,904
175,800
.1050
72,332
74, 795
67,211
173, 337
26, 003
23, 782
38,082
9,134
7,383
37,178
12, 341
11,324
38,195
15, 612
13, 492
40, 316
22, 279
20, 264
41, 973
20, 986
21,348
41,611
21,188
20, 222
42, 577
28, 451
30, 954
35,088
19, 856
23, 694
32,173
27, 982
24, 294
35, 861
4,168
4,200
2,254
1,948
1,431
2,610
34, 836
2,313
1,895
3,028
42,964
2,571
2,239
3,361
87,128
3,179
2,196
4,344
89, 971
3,386
3,355
4,375
85, 704
3,196
3,878
3,559
4,469
4,C12
3,421
90, 636 113,524
4,321
4,369
3,250
4,286
1, 732
84, 457
4,619
4,065
2,286
78, 400
7,616
7,235
42, 524
HEATING APPARATUS, EXCEPT ELECTRIC
Boilers, radiators and convectors, cast iron:§
Boilers (round and square):
Production
thous. of lb.
Shipments
do-._
Stocks, end of month
do...
Radiation:
Production
thous. of sq. ft.
Shipments
do__Stocks
do-_Boilers, range, shipments*
number.
Oil burners:©
Orders, new, net
do..Orders, unfilled, end of month
do~.Shipments
do--_
Stocks, end of month
do--_
Stoves and ranges, domestic cooking, exc. electric:*
Production, total
do_ _.
Coal and wood
do_..
Gas
do-..
Kerosene, gasoline, and fuel oil
do..Stoves, domestic heating, production, total*
do-._
Coal and wood*
do-_.
Gas*
do...
Kerosene, gasoline, and fuel oil*
do__.
Warm air furnaces (forced air and gravity air flow),
shipments, total*
numberGas*
do-_Oil*
Solid fuel*
do_.
Water heaters, nonelectric, shipments*
do_
MACHINERY AND APPARATUS
118, 268 141,938
83,170 136, 564
1,045,909 450, 695 502,100 602,034
31, 765 36, 630
81,172 28,103
4,648
6,206
11,903
5,796
281, 646 178, 804 210,162 248, 402
40, 463 32, 338 37, 077 39, 080
175, 467 113, 586 129, 990 147, 364
52, 712 25, 620 34, 073 51, 243
359, 388 240, 467 287, 557 301, 719
88, 287 103,506 115,343 126, 727
139,879 65, 735 82, 603 88,101
131, 222 71, 226 89, 611
25,380
26, 881
41, 076
25, 713
27, 021
39, 769
30, 066
32, 243
37, 591
4,523
3,494
3,764
4,858
2,816
3,151
104,169' 103, 837
2,768
94, 274
169, 402 106, 579 102, 438 101,818 81, 888 99,009 105, 689
87, 872
86,196
736, 347 806,181 862, 912 907, 304 931,853 956,966 990, 350 1,002,380 ,008,813
35,089
36, 745 45, 707 57, 426 57,339
72,305
73,896
74,166
81, 439
6,134
5,852
7,588
7,039
5,543
5,198
6,407
10, 487
6,626
225, 876
31, 801
143, 344
41, 225
264, 249
103,158
77, 542
83, 549
219,970
31, 415
136, 914
44, 350
282, 358
106, 608
93, 091
82, 659
202, 517
28, 459
127, 358
40, 379
304,007
115, 421
86, 334
102, 252
263, 215
34, 520
171,341
47, 505
376, 557
135,191
104, 037
137,329
249, 542
34,142
159,142
45, 471
377,803
146,901
116, 405
114,497
296,874
42, 232
191, 409
50, 452
528,984
206, 873
155, 945
166,166
254. 261 •226,291
33,175 r 31. 701
159, 704 142,922
49, 032
40, 618
466, 854 •457,360
163,115 151,979
151, 271 162,518
152, 468 142, 863
39, 664 47,100 43,186
47, 321 49, 337 48,912 62, 094 72, 033 83,122 86, 584
15, 834 13, 590 15, 776 15, 914 16, 206 20, 216 23,163 27, 545 29, 089
10,084
4,766
4,105
3,398
4,140
5,146
6,246
8,842
9,157
9,875
3,115
26, 779 29, 283 27, 560 35, 632 40,028
26,198
26, 465 27,161
46, 420 47, 620
111,816 138,636 176, 233 190, 967 181, 424 187, 569 213, 789 209, 415 264, 989 260, 569
75, 415
26,157
11, 768
37, 490
253, 621
302,809
39,317
193, 231
57,362
467, 577
131, 053
160, 936
175, 588
74.
28,
12,
32,
292,
032
419
991
622
731
Blowers, fans and unit heaters:
Blowers and fans, new orders
thous. of dol..
13,413
16, 604
17, 382
15, 292
Unit heater group, new orders
do
7,628
10,193
10, 113
8,417
Electric overhead cranesJ:
Orders, new
do
1,422
1,049
1,792
1,665
1,386
1,456
2,360
1,082
2,346
Orders, unfilled, end of month
do
12, 772 13, 396 13, 546 14, 677 15,132 16, 242 16, 549 15,811
16, 775
Shipments
do
781
786
850
1,029
094
1,192
802
1,252
1,348
Foundry equipment:
New orders, net, total
1937-39= 100- 701.2
432.8
536.6
577.3
491.7
453.4
521.9
538.7
424.4
469.2
477.4
430.9
513. 4
New equipment
do
458.7
576.7
779.8
621.7
492.8
444.8
555.5
472.5
415.4
407.1
421.0
379. 0
466. 9
Repairs
do
484.1
342.6
351.8
427.7
426.2
488.2
481.1
682.9
453.5
672.0
661.5
600.3
665.0
Machine tools, shipments*
thous. of doL. 26. 594 26, 949 27, 326 28,108 26, 580 28, 580 22, 360 26,911
25, 468 29,140
26,176 27, 587
26, 542
r
Revised. Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
cfFor data for January 1942-April 1944 for the indicated copper, lead, and zinc series, see p. 24 of the June 1944 Survey. Total shipments of zinc include through September 1945
shipments for Government account in addition to shipments to domestic consumer and export and drawback shipments.
JData cover 9 companies since September 1944; earlier data back to March 1943 covered 8 companies.
§See p. 24 of the January 1947 Survey for available data for 1942-45 for cast-iron boilers and radiation; these series continue data in the 1942 Supplement.
©Data are based on reports of 150 companies, including about 30 which did not report prior to 1946, and cover practically the entire industry; it is believed that the concerns added
had little or no production in 1945 and data for that year also were practically complete; in prewar years, reports covered about 90 percent of the industry.
*New series. Data for mine production of lead and zinc are from the Department of the Interior, Bureau of Mines, and are practically complete; monthly figures beginning July
1941 and earlier annual totals will be shown later. Data for range boilers, stoves and ranges, warm-air furnaces and water heaters are compiled by the Bureau of the Census and are
practically complete; data prior to 1946 for domestic heating stoves are shown on p. 20 of this issue; data prior to 1946 for the other series will be shown later (data beginning 1944
for total shipments of warm-air furnaces are available in the May 1945 and later issues of the Survey); the total for domestic cooking stoves includes combination ranges not
shown separately. For souice of data on machine tool shipments and reference for 1940-42 data, see note on p. S-34 of February 1947 Survey.
S-34
SURVEY OF CUEEENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in t h e
1942 Supplement to the Survey
February
1947
April 1947
1946
February
March
April
May
June
July
1947
August
September
October
Novem- December
ber
January
METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATUS—Continued
I
Mechanical stokers, salesri
Classes 1, 2, and 3
number. _
Classes 4 and 5:
Number
Horsepower
Pumps and water systems, domestic, shipments:d*
Domestic hand and windmill pumps
.number..
Water systems, including pumps, total
do
Jet*
do
Nonjet*
do
Pumps, steam, power, centrifugal and rotary, new
orders
thous. of dol_.
Scales and balances (except laboratory), shipments,
quarterly:*
do
Sewing machines, heads, production:*
Domestic
number..
Industrial
do
2,306
14, 397
16, 463
15,305
15, 617
13, 893
17, 503
20, 354
19,437
17,269
14, 946
7,594
177
52, 705
-•246
275
73, 717
342
87,877
303
80.586
309
75, 074
330
83,958
427
70,827
450
63,055
454
78,454
357
58,495
'339
• 49,903
28, 310
64, 455
33, 930
30, 525
24, 093
37, 567
20, 991
16, 576
27, 231
45,187
23,167
22, 020
28,157
45, 640
24,494
21,146
23.587
45, 859
23,562
22, 297
27, 741
46,155
23, 042
23,113
22, 663
54,531
27,421
27,110
25,003
60, 251
28,889
31,362
24,082
55,485
26, 737
28, 748
30,552
68,289
34,728
33,561
28,917
57. 986
30,103
27,883
23, 434
62, 319
34,141
28,178
3,506
2,728
2,489
2,803
2,856
2,648
4,014
3,789
3,223
3,581
3,260
7,169
46, 068
11,368
21. 514
7,947
8,117
7,150
36,099
11,297
31,326
9,302
33,838
8,909
34, 596
10,788
27,296
7,364
35, 249
9,695
3,035
9,864
7,751
50,042
12, 760
43, 220
10,832
43, 843
10, 764
ELECTRICAL EQUIPMENT
Battery shipments (automotive replacement only),
number*
thousands..
Domestic electrical appliances, shipments:
Washers •
number..
Water heaters*
do
Electrical products:!
Insulating materials, sales billed
1936=100..
Motors and generators, new orders
do—
Furnaces, electric, industrial, sales:
Unit
kilowatts..
Value
thous. of doLLaminated fiber products, shipments
do—
Motors (1-200 hp):
Polyphase induction, billings
do
Polyphase induction, new orders
..do
Direct current, billings
do
Direct current, new orders
do
Rigid steel conduit and fittings, shipmentsf. .short tons.
Vulcanized fiber:
Consumption of fiber paper
thous. of lb_.
Shipments
thous. of dol_.
1,706
1,686
1,672
1,645
1,377
1,161
1,471
1,318
1,355
1,150
1,213
25,190
104,296
24, 870
166,129
30,370
178,209
33,137
172,195
39,204
168, 500
42, 020
189, 778
53,156
184,215
48,264
247,816
56, 303
216,634
54,384
190, 770
60,462
187
ooo
224
429
225
385
242
404
227
465
252
432
284
'501
294
471
351
508
331
438
337
533
5,060
476
4,471
6,589
614
2,216
5, 786
604
2,759
6,105
527
2, 738
5,357
351
3,060
9,099
606
2,878
9,379
771
3,268
9,889
2,104
3,507
8,240
714
3,761
4,869
647
4,328
4,227
600
4,074
3,615
322
4,168
18, 757
3,243
6,530
456
894
10,887
5,924
12. 767
'868
1,840
6,590
4,726 I
10,222 '
600
1,414
12,940
5,281
10,809
847
1,844
16,103
5,873
13,095
973
1,735
16,129
6,154
13,377
987
1,589
15,705
7,519
15,445
1,234
2,067
21, 471
7,871
13,808
1,011
1,741
18, 683
8,621
14,756
1,344
2,204
20,742
8,437
11,962
1,222
1,215
20,533
9,861
13, 875
1,825
3, 620
24, 252
4,488
1, 744
4,222
1,104
4,474
1,211
3,389
1,138
3,214
1,038
3,247
824
3,183
1,056
3,790
1,288
4,125
1,330
5,059
1,765
4,741
1,640
4,241
1,701
PAPER AND PRINTING
PULP WOOD AND WASTE PAPER
Pulpwood:*
1, 512
1,473
1,514
1,423
1,558
1,503
1,585
1,628
1,516
1,523
1,286
1,511
Consumption
thous. of cords (128 cu. ft.)-_
1, 438
1,433
1,331
1,604
1,723
1,821
1,382
1,705
1,920
1,716
1,856
1, 5i 1
Receipts, total
do
3,117
3,038
3,780
4,034
2,853
2,942
3,241
3,639
3,956
2,913
3,818
4,146
Stocks, end of month
do
Waste paper:*
Consumption
.short tons__ 620, 677 555, 229 616, 542 606, 662 620, 830 578, 075 558, 257 635, 827 607, 231 680, 047 651.974 r 596,247
636,387
634,491
707,738
588,114 545, 602 637,199 653,188 639,991 606, 548 596, 609 635, 567 604,136
Receipts
do
464,676 515,361
481,398
460,034 316, 488 337, 518 382, 992 401, 667 426, 750 464, 831 460, 946 453,896
Stocks
do
WOOD PULP
2,737
2,302
3,591
4,334
5, 092
4,780
1,947
1,359
6,057
3,198
1,058
Exports, all grades, total}:
short tons._
142,069 109, 769 118, 276 123, 985 150, 216 212, 697 147,417 133,141 152,660 135,001 136, 428
Imports, all grades, totalj
...do
4,783
7,562
7,818
9,271
5,322
3,996
10, 584
9,757
3,263
6,348
5,213
Bleached sulphate X
do
29,292
28,051
20, 735
10, 505
64,109
33,864
32,893
11,435
20, 352
26,482
31,741
Unbleached sulphatej.
do..-.
31,113
26,938
35, 297
39,406
37, 757
37,439
33,988
28,104
42, 638
36,194
38, 672
Bleached sulphitej...
do
50, 636
78,176
49, 822
62, 459
51,986
36, 085
49,574
37, 715
37,158
49,818
45, 242
Unbleached sulphite J
do
1,410
1,070
1,770
1,879
1,249
1,529
1,556
1,717
1,928
1,990
1,699
SodaJ
do
20,824
18, 719
14,418
19,138
23, 647
21,967
25,199
22, 548
21,194
17,113
19, 502
Groundwoodt
do
Production:!
915,338
917,754 ' 900,629 r 829,378 * 915,099 r 880,198 r 980,653 ' 947,335 ' 886,567
919,633
910,483
775,236
Total, all grades
do
76,411
79, 832 r 64, 085
78,144
79, 811
77,472 ' 75,135
78, 670
77,336
71.931
80,170
76, 008
Bleached sulphate
do
321,127
249,738 320,300 316,854 307,975 323,722 309,614 331,586 314, 645 343,457 336, 697 '304,130
Unbleached sulphate
do
144,605 141, 358
146,907 127, 991 140,669 141,876 150,015 138, 986 132, 575 143,184 135,185 152, 654
Bleached sulphite
...do
75, 732
71, 711
67, 047
56, 675
69, 272
64, 407
62, 347
65, 563
65,455
64,546
68,901
58,989
Unbleached sulphite
do
41,612
42, 010
40, 717
39,154
41, 320
38, 631
38, 386
37, 583
42, 655
38, 947
37, 696
35, 886
Soda
do
148, 726 143, 333 163,110 164,589 161,044 149, 840 133,614 140, 027 132, 787 159, 873 158, 714 149, 558
Groundwood
do
75,
279
65,
566
41,706
69,915
66,796
56,
589
71,548
68,
628
58,
955
64,494
65,485
58,322
Defibrated, exploded, etc.*
do
Stocks, end of monthrt
r
70, 609
71,916
72,
432
83,178
76,590
85,
313
77,
606
74,906
77,173
88,429
74,
439
74,
295
Total, all grades..
do
7,589
6,218
6,836
5,203
6,265
6,291
6,684
6,021
7,193
7,358
6,981
6,970
Bleached sulphate
do
7,865
7,222
8,765
6,773
8,350
7,119
7,624
8,055
8,013
6,430
7,809
6,556
Unbleached sulphate
do—
17,620
20, 326
14, 363
17, 933
17,185
16, 713
18,615
14, 834
17, 515
17, 362
18,561
17, 747
Bleached sulphite
do
9,513
15,
294
12,154
8,451
11,179
11,
043
13,
605
15,
399
8,786
11,
800
9,911
10,105
Unbleached sulphite.
do—
2,481
' 2, 611
2,088
2,448
2,726
2,690
2,711
2,918
2,329
2,645
2,808
2,181
Soda
do....
17,943
21,423
22,
897
29,870
37,
983
39,
252
34,940
28,
230
21,
381
34,
089
26, 253
Groundwood
- . d o — 27,191
f
Revised.
\ Data cover almost the entire industry; in prewar years the reporting concerns represented over 95 percent of the total.
cf It is believed that data shown currently and also earlier data for recent years are substantially complete.
tData continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
• Data for washers are from the American Ironer and Washer Manufacturers' Association and continue data published in the 1942 Supplement; comparisons with January-September 1946 data collected by the Bureau of the Census indicate that they cover about 97 percent of the industry; data include electric and gasoline washers.
*New series. See note in the February 1947 Survey for source of data for automotive replacement battery shipments, pulpwood and waste paper; all series are industry totals. Data
for 1939-45 for jet and nonjet water systems will be shown later. Data for scales and balances, sewing machines and electric water heaters are from the Bureau of the Census and are
practically complete (data since September 1946 for water heaters are estimated from data reported by the National Electrical Manufacturers Association); data prior to 1946 will be
showTL later. Data beginning 1941 for production of defibrated, exploded, etc., wood pulp will be shown later.
fRevised series. See note in February 1947 Survey regarding unpublished revisions in the indexes of new orders for motors and generators and sales of insulating materials. Data
for rigid steel conduit and fittings were revised in the July 1946 Survey (see note in that issue for explanation). Revised wood pulp production for 1940-43 and sulphite stocks for 1943
are shown on p. 20 of the December 1944 Survey and revised 194? stock figures for all series are on pp. 30 and 31 of the June 1943 issue; revisions in the 1943 data for groundwood and
total production shown in the December 1944 Survey and unpublished revisions in the 1944 production data for these two series will be shown later; beginning in this issue data for
total production of wood pulpi nclude defibrated, exploded, etc., pulp, shown separately above, which has not been included previously; stocks of such pulp are comparatively small
and are not included in the stock figures; stock data are stocks of own pulp at mills.
April 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
SURVEY OF CURRENT BUSINESS
1947
1946
1947
February
S-35
February
March
April
May
June
July
August
September
October
Novem- December
ber
January
PAPER AND PRINTING—Continued
PAPER AND PAPER PRODUCTS
All paper and paperboard mills:*
Paper and paperboard production, total..short tons..
Paper
____
do
Paperboard
do
Building board
do
Paper, excl. building paper, newsprint, and paperboard
(American Paper and Pulp Association):f
Orders, new
short tons..
Production
do
Shipments
do
Fine paper:
Orders, new
do
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, end of month
do
Printing paper:
Orders, new
do.
Orders, unfilled, end of month
do.
Price, wholesale, book paper, " B " grade, English
finish, white, f. o. b. mill
dol. per 100 lb_.
Production
short tons..
Shipments
do
Stocks, end of month..
do
Wrapping paper:
Orders, new
do
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, end of month
do
Newsprint:
Canada:
Production
do
Shipments from mills
do
Stocks, at mills, end of month
do
United States:
Consumption by publishers
do
Imports 1
do
Price, rolls (N. Y.)
dol. per short ton..
Production
short tons-.
Shipments from mills
do
Stocks, end of month:
At mills
do....
At publishers
do
In transit to publishers
do
Paperboard (National Paperboard Association):%
Orders, new
do
Orders, unfilled, end of month
do
Production
...do
Percent of capacity
Waste paper, consumption and stocks: §
Consumption
short tons..
Stocks at mills, end of month
do
Paper 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 publication, total
no. of editions..
New books
do
N e w editions
do
1,628,84 8 1,428,745
820,459 720, 336
700. 855 613,914
107, 534 94, 495
661,405
649,059
647,897
1.638,097
819, 320
712, 334
106, 443
1,628,857
813, 674
706, 896
108, 287
1,621,346 1,596.773 1,474,261 1,684,906 1,596,187
823, 646 820, 090 766, 906 864,982 799, 698
691,129 677, 681 635, 304 729, 445 687,473
106, 571 99, 002 72, 051 90, 479 109, 016
593, 256 700, 693 682, 491 657,053
591,121 681, 001 666,108 672,370
592, 627 682, 398 665,605 670,144
91,500 83, 681
153, 500 136, 513
93,930
84, 450
94,425 85, 596
44,250 57, 412
239,107 203, 257
300, 577 250, 553
1,751,147
888, 293
737, 648
125, 206
1,674,107
845, 207
708,949
119,951
'•1,577,751 1,764,493
'803,350 • 892,871
659,340 • 752,393
115,061 119, 229
669, 564 659, 247
681, 582 745,909 •640,569 644,338
671, 335 613, 822 704,694 648,551 721, 954 690, 813 669,980
677, 096 613, 441 701, 343 632,877 736, 737 695,803 649,478
806,601
728,010
724,093
104, 902 107, 677 89, 017 108,191 100, 854 85, 449 101, 055 109, 332 81, 565 84,304 111,365
149, 408 161, 287 155, 066 175,437 187,924 161, 480 176, 288 174, 098 159, 403 161,502 167,040
92, 218 94, 770 97,896
92, 573 102,908 100,943 ' 94,870 105,919
97, 790 89, 320 103.161
96,129
91, 840 97, 207 99, 684 85, 824 99, 592 88,037 112, 537 104, 245 93,037 107,116
53, 721 56,349
54, 635 52, 578 52,970 r 47, 560
57, 543 59, 500 56,150
53, 504 59,081
234,395
261,171
227,871
255,855
225, 245 214,214
259,124 252, 603
8.00
8.00
228, 291 226,110
288,
229, 400 53, 049
512
55,350
247, 803 254, 258
186, 017 194, 966
252, 282 254, 348
250,157 256, 630
67, 512 65, 970
225, 529 202, 087 234, 622 254, 603
258, 456 229, 328 241, 498 248, 257
8.55
8.55
8.00
206, 408 236, 530 219, 460 246, 718
206, 958 237, 857 213,137 249,933
53, 225 55, 331 59, 320 62, 013
212, 033 223,580
221,908
314,971
290,502
9.30
8.55
9.30
230,394 223 ?860 252,360
235, 028 215, 967 250,487
50, 504 55,100 '57,113
9.68
226,975
222,037
59,498
8.00
8.00
8.00
198,199 227,104 226, 978
198, 897 223, 972 228, 219
56,942
56, 934
240,798
177, 720
240,879
243,435
59,835
215, 089
190, 398
217, 692
217,859
68, 273
341,268
319,831
134,668
308, 382 334,127 337, 862 359, 943 334, 207 357, 027 370, 676 330, 063 376, 436 364, 304 341,951 370,000
285,304 320, 351 348,103 367, 251 322,805 364, 591 356, 572 335, 874 387, 294 391, 388 340,125 344,543
115, 532 129,308 119, 067 111, 759 123,161 115, 597 129, 701 123, 890 113, 032 85,948
87, 774 113,231
258,424
223, 244 267, 711 258, 984 261,484 259, 284 243, 072 257, 303 265, 583 292, 205 291,517 294,835 266,422
238,888 269, 795 285, 017 313, 270 276, 959 326, 399 295, 934 293, 228 305, 777 323,457 318, 576 294,042
67.00
67.00
74.00
67.00
67.00
71.08
73.80
67.00
80.00
68,634
61, 025 67, 248 64, 739 62,088
60, 564 65, 304 67, 064 65,927
61, 241 62, 742 65,129
59, 015 67, 658 67, 698 65, 699 61, 671 60, 249 67, 206 55, 587
62,054 69,492
62,107
62,802
65,226
262, 247
205, 926
262, 799
264, 054
75,122
247, 243
199,825
247, 098
247, 587
71, 082
247, 518
197, 977
237, 498
237,170
65, 867
261, 804
193, 693
266,987
267, 254
64,162
253,345
213, 506
248, 021
243, 728
72, 263
278, 773
214, 298
274, 416
276, 005
71, 230
252, 261 245,954 278,915
197,134 191, 210 186,385
-•264,614 248,937 271,846
264, 765 252,874 271,540
66, 026 67,131 r 64,008
11,936
224,453
69,466
9, 606
7,252
216, 241 198,122
60, 277 55, 341
6,618
6,846
8,909
6,832
6,416
1*2, 270 12, 552 15,184
15,218
201, 776 210, 276 209, 784 226, 577 243, 331 240, 602 217,303 217,438 219,478
56,332
59, 257 52,155
61, 735 64,331
60, 634 82,167
79, 676 73,328
14,360
231,694
75,602
713,834
577,777
718,072
103
641, 342 754,872 747,907 717,331 669, 747 715, 696 729, 066 699, 362 791, 784 690, 702 684,354
533, 794 549,929 553, 274 567, 068 558,129 620, 354 564, 299 569, 409 601, 787 545, 042 532,773
614, 867 710, 987 716, 274 703, 422 675,118 663, 229 754,177 679, 504 767, 091 737,454
94
97
100
97
100
92
802,016
586,121
774,667
99
417,058 372,489 412, 718 413,131 408,173 374, 295 369, 803 439, 696 399, 684 420,867 474, 317 397,478
275, 111 193, 885 211,335 238, 597 259, 832 283, 996 315, 236 313, 975 299, 218 309, 990 304,100 321,434
450,740
313,398
5,289
4, 345
4,923
5,078
4,975
4,730
4,763
5,233
4,919
5,512
5,242
445.6
439.7
324.8
283.1
397.0
322.1
389.5
338.0
379.6
338.4
362.7
331.3
361. 0
300.5
381.0
368.3
414.6
351.5
440.2
409.4
363.8
397.0
421.4
405.9
465
368
97
638
518
120
664
539
125
682
553
129
679
556
123
536
422
114
610
401
109
656
532
124
675
173
704
159
621
225
5,475
490.3
474.5
470
372
PETROLEUM AND COAL PRODUCTS
COAL
Anthracite:
Exports^
thous. of short tons._
314
382
387
546
366
657
761
717
546
557
957
577
Prices, composite, chestnut:
Retail
dol. per short ton..
15.26
15.26
15.25
15.27
i 16.81
15.28
16.55
16.56
116.78
i 16.80
i 16.88
i 16.63
Wholesale
do
12.467
12.467
12. 482
13. 753
12. 467
12. 726
13.622
13. 584
13. 593
13. 593
13. 597
13.748
13.620
Production
thous. of short tons__
4,242
4,788
5,492
5,084
5,469
5,409
3,636
r 5,155
5,263
5,444
5,048
4,990
5,080
214
Stocks, producers' storage yards, end of mo
do
192
79
284
176
63
236
83
94
132
200
251
Bituminous:
Exports!
do
732
1,712
3,130
3,633
1,744
3,245
5,418
5,874
4,196
5,070
3,644
3,253
Industrial consumption and retail deliveries, total
46, 244
thous. of short tons__ 52,399
43,627
32,043
28, 496
34,012
44,516
39,235
42, 424
46,698
41, 565
45,940 r 55,788
Industrial consumption, total
do
39,855
31,281
35, 382
28,118
25,030
29, 548
32, 744
34,041
36,714
33,958
35,401
37,281 ' 42,843
Beehive coke ovens
do
798
570
719
38
35
571
••877
716
729
867
788
562
599
Byproduct coke ovens
do
3,744
5,502
7,245
7,101
3,654
6,309
7,964
7,551
7,578
7,814
7,781
6,992
6,757
Cement mills
do
441
607
503
518
432
658
575
632
693
656
694
675
676
Electric power utilities
do
6,594
4,929
5,110
5,190
4,585
5,024
5,714
6,708
6,447
7,178
6,314
6,280
6,732
Railways (class I)
do
9,827
8,246
7,902
8,257
8,720
9,571
9,431
10,391
8,879
9,092
8,790
9,515
10,104
Steel and rolling mills
_.do
904
683
749
546
799
815
582
671
725
760
850
'943
871
Other industrial
do
14, 276
11,087
7,875
10,743
7,876
8,230
8,740
8,548
9,283
10,211
11,028
15,139
12,131
Retail deliveries
do
12,544
14, 963
3,925
3,466
4,464
6,491
7,607
12,945
8,245
9,115
8,659
'1 Revised.
1 Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
The comparability of the data is affected by a gradual reduction in the number of cities included in the averages from 23 through August 1946 to 17 in January 1947; averages
for August, September, November, and December 1946 comparable in each case with data shown above for the following month are $16.54, $16.80, $16.62, and $16.60 respectively; in
other months the comparability was affected only slightly.
X For revisions for January 1942-March 1943, see note for paperboard at bottom of p. S-36 of July 1944 Survey. § Estimated; see note in April 1946 Survey for basis of estimates.
averages and data for the early months of 1943, see p. S-32 of the August 1944 issue. For data beginning 1934 for shipping containers, see p. 20 of the September 1944 Survey.
For data beginning June 1943 for folding paper boxes, see p. S-32 of the August 1944 Survey; earlier data will be published later. Minor revisions in the January-May 1944figuresfor
folding paper boxes and January 1943-May 1944 data for shipping containers are available on request.
SUKVEY OF CUKRENT BUSINESS
S-36
1946
1947
and descriptive notes may be found in the
1942 Supplement to the Survey
February
April 1947
February
March
April
May
June
July
1947
August
September
October
Novem- December
ary
January
PETROLEUM AND COAL PRODUCTS—Continued
CO A L—C ontinued
Bituminous coal—Continued
Other consumption:
Vessels (bunker)§
thous of short tons.Coal mine fuel
do
Prices, composite:
Retail (34 cities)
dol. per short ton._
Wholesale:
Mine run
do
Prepared sizes
__do
Production!
thous. of short tons__
Stocks, industrial and retail dealers, end of mnnth,
total
thous. of short tons__
Industrial, total
do
Byproduct coke ovens
do
Cement mills
do
Electric power utilities
do
Railways (class I)
do
Steel and rolling mills
do
Other industrial
do
Retail dealers, total
do
219
111
249
122
14
10.69
10.69
10.70
6.226
6.518
50, 640
5.447
5.709
50, 248
5.454
5.709
56,849
49, 471
47,340
6,645
881
13, 453
7,682
985
17, 694
2.131
51,158
48,047
6,393
608
14,802
11, 070
705
14,469
3,111
58, 531
55, 386
8,269
677
15, 705
13, 235
1,005
16, 495
3,145
219
162
70
29
82
113
97
93
76
78
49
8.875
7.500
7.500
7.500
7.500
7.500
8. 750
8.00C
8. 750
8.750
8.750
S.750
511
5,129
368
2,632
149
1,161
'940
'221
147
464
5, 000
167
1,016
814
203
142
21
3,852
181
27
2,574
164
367
4,418
159
5,323
168
524
5,462
186
485
5,345
190
557
5,512
212
361
4,925
191
381
t, 769
197
620
442
178
144
465
292
172
120
616
360
256
85
709
361
348
78
807
398
409
72
949
503
446
89
1,120
653
467
96
1,034
602
432
93
929
571
358
214
222
223
146
240
10.73
10.93
11.23
11.23
5.454
5.709
3,506
5.740
5.976
19,695
5.832
6.094
50, 579
5.949
6.186
51,350
38, 741
31, 643
29, 937
2,565
289
9,949
6,202
460
10, 472
1,706
37, 777
35, 213
3,630
482
11,430
7,297
624
11, 750
2,564
43, 611
40, 450
3,871
591
12, 594
7,641
642
15,111
3,161
4,117
414
12, 044
7,554
607
11, 662
2,343
134
224
140
237
135
158
179
11.10
U1.08
U1.14
i 11.22
5.972
6.194
54, 686
5.976
6.199
51, 922
5.989
6.200
57, 485
5.998
6.212
37, 501
6.044
6.305
43, 746
47, 990
44, 567
5,230
768
13, 907
8,117
843
15, 702
3,423
52, 367
48, 965
5,924
891
14, 563
8,800
855
17,932
3,402
54, 924
51, 532
6,593
1,046
15, 638
9,274
888
18, 093
3,392
52, 429
49,546
6,355
1,054
14, 549
7,587
877
19,124
2,883
47,157
44, 453
5,222
887
13,044
6,959
785
17, 556
2,704
1
COKE
Exports §
thous. of short tons..
Price, beehive, Connellsville (furnace)
dol. per short ton__
Production:
Beehive
thous. of short tons..
Byproduct
do
Petroleum coke
do
Stocks, end of month:
Byproduct plants, total
do
At furnace plants
do
At merchant plants
do
Petroleum coke
do
716
527
PETROLEUM AND PRODUCTS
Crude petroleum:
130, 232 144, 488 139, 884 148,621 145,069 150,541 150, 550 145,181 146,816 140, 514 148,171
Consumption (runs to stills)f
thous. of bbl..
2,418
4,272
3,839
2,610
3,401
4,602
4,622
3,794
3,542
3,687
Exports§
do
4,291
6,578
7,867
7,784
7,066
6,268
7,631
8,422
Imports§
do
7,813
8,255
7,149
6,176
1.110
1.190
1.210
1.110
1.210
1.460
1.460
1.460
1.485
1.560
1.260
Price (Kansas-Okla.) at wells
dol. per bbl_.
1. 560
136,835
140,196
132,129
148,334
149,910
143,
708
146,890
148,323
144,674
152, 586
146, 471
Productionf
thous. of bbl.
95
95
94
95
94
96
93
Refinery operations
pet. of capacity.
Stocks, end of month:
227, 220 221, 400 222,480 221, 592 223,140 224,351 224,157 222, 417 222,177 226, 453 224,473
RefinableinU. S.f
thous. of bbl.54, 529 52, 988 55,119
54, 785
55, 430 53,128
53, 894
52, 074
53,344
53, 532
53,113
At refineries
do...
157, 315 153,419 153,186 153, 765 152, 786 155, 656 154, 501 153, 469 155, 434 158, 207 156, 238
At tank farms and in pipelines
do...
14,
765
14,
853
14,
475
14,839
14,871
15, 235
15, 054
14, 669
14, 902
15,163
15,122
On leases!
do..
4,533
4,607
4,528
4,913
5,066
5,335
4,921
5,401
5,483
5,703
4,968
Heavy in California
do_.
1,236
1,112
1,333
1,302
1,396
1,425
1,248
1,241
1,333
1,434
1,314
Wells completed!
.
.number
Refined petroleum products:
Gas and fuel oils:
Domestic demand :§
18,063
18,297
32, 450
35. 294
25, 341 19,804
14, 850
14, 520
18,131
23,110
13,828
15, 098
Gas oil and distillate fuel oil
thous. of bbl..
41,497
39, 332 42, 229 37,911
39, 346 39,283
37, 014
37, 925
33,509
36, 734
47, 405
48, 684
Residual fuel oil
do_
Consumption by type of consumer:
2,157
4,372
1,968
2,141
3,511
2.914
2,851
2,963
3,280
5, 313
2,512
Electric power plants!
do.
6,461
6,584
6,935
6,500
6,859
6,950
6,729
7,249
7,307
7.607
6,903
Railways (class I)
do.
5,436
4,874
6,999
4,621
5,967
5,374
3, 695
5,002
2,367
5,579
Vessels (bunker oil)§
do.
5,547
Exports: §
3,407
1,797
1,723
891
758
3,684
2,715
1,992
1,273
2,540
Gas oil and distillate fuel oil
do.
569
363
324
351
321
730
550
316
831
578
507
Residual fuel oil
do.
.058
.058
.062
.058
.066
.062
.062
.062
.058
.070
.058
.058
Price, fuel oil (Pennsylvania)
dol. per g£
Production:
23,181
24, 432
25,298
23, 877
23,047
23,348
23,320
23, 703
23,741
24,970
24,589
Gas oil and distillate fuel oil
thous. of bbl_.
36, 569
35, 942
34, 791 37, 598 37,407 37,816
35, 937
36,060
34, 512
33, 777
33, 015
Residual fuel oil
do__
Stocks, end of month:
32,064
29,922
62,019
67,870
33,885
38,
824
54,068
68,145
59,620
25,511
46,439
Gas oil and distillate fuel oil
do__
32,995
35,206
41,492
38, 932
34,008
48,186
54,012
55,580
52, 735
47, 094
45, 446
Residual fuel oil
do..
Motor fuel:
61,315 61,043
47, 889 56, 801 62,045
66, 774
63,221
66, 701
62,216
66, 598
69,044
Domestic demand§
thous. of bbl
3,248
4,452
2,826
3,604
5,258
2,555
2,321
3,620
2,386
3,049
3,688
Exports§
do..
Prices, gasoline:
.070
.053
.050
.050
.068
.070
.070
.070
.054
.058
.070
.060
Wholesale, refinery (Okla.)
dol. per gal
.146
.145
.145
.161
.149
.149
.158
.159
.159
.159
.161
.151
Wholesale, tank wagon (N. Y.)
do.
.142
.141
.141
.155
.156
.142
.142
.155
.155
. 157
.
159
.151
Retail, p«,rvice stations, 50 cities
do.
61, 899 61,160
65,191
67, 305
66,072
69, 028
55,492
64,345
69, 707
66,284
67,445
Productioii, total!
thous. of bbl. _
24,
385
25,
780
20,915
23,216
24,
668
25,260
26,
733
25,384
25,155
24,
612
26,000
Straight run gasoline
do...
35,607
27, 388 29,910 30, 573 32, 945
35, 346
31,445
33,921
33,530
34,452
34, 024
Cracked gasoline
do
10,
651
9,529
9,251
9,563
9,223
9,821
9,574
10,
275
10,155
9,501
9,558
Natural gasoline and allied products!!
do...
1,973
1,765
1,872
2,085
1,866
1,752
2,870
1,928
2,082
2,444
2,604
Sales of 1. p. g. for fuel and chemicals
do
4,448
4,487
4,869
5,774
4,619
4,940
5,813
5,229
5,390
6,023
6,232
Used at refineries!
do
1,937
2,309
2,561
2,649
2,619
2,784
2,555
2,701
r 2,498
2,518
2,856
Retail distributioncf
mil. of gaL.
Stocks, gasoline, end of month:
77,628
79,980
84,534
96, 293 95,186
90, 444 85,801
83,726
78,833
78,848
79,384
Finished gasoline, total
thous. of bbl.
46, 244
63,999
63,532 58, 605 53,893
47,347
47,021
47, 581
51, 927
50,911
48, 077
At refineries
do...
8,543
8,975
8,300
8,159
7,912
8,324
8,607
8,173
8,208
8,245
8,394
Unfinished gasoline
do
5,843
6,658
6,982
7,004
6,943
7,060
6,312
5,487
4,981
7,343
7,334
Natural gasoline
do...
'Revised, cf See note in April 1946 Survey.
i The comparability of the data is affected in some months by a reduction in the number of cities or by a change in the sample; averages for August, September, November, and
December 1946 comparable in each case with data shown above for the following month are $10.93, $11.07, $11.12, $11.40, respectively.
§Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
fRevised series. For source of 1939-41 revisions for bituminous coal production, see note marked "f" o n P- S-32 of the April 1943 Survey; revisions for 1942-43 are shown on
p. S-33 of the April 1945 issue; revisions for 1945 are shown on p. S-36 of the March 1947 Survey. For 1941 revisions for the indicated series on petroleum products see notes marked
" t " on p. S-33 of the March and April 1943 issues (correction for crude petroleum production January 1941, 110,446); 1942-43 revisions are available upon request.
tlncludes natural gasoline, cycle products, liquefied petroleum gases at natural gasoline plants, and benzol; sales of liquefied petroleum gas for fuels and for chemicals and transfers of cycle products (not shown separately above) are deducted before combining the data with straight run and cracked gasoline to obtain total motor fuel production.
SURVEY OF CURRENT BUSINESS
A-pril 1947
1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the |Febru1942 Supplement to the Survey
ary
S-37
H947
1946
February
March
April
May
June
July
August
September
October
Novem- December
ber
January
PETROLEUM AND COAL PRODUCTS—Continued
PETROLEUM AND PRODUCTS-Continued
Refined petroleum products—Continued
Kerosene:
Domestic demand§
thous. of bbl_.
Exports§
do
Price, wholesale, water white, 47°, refinery (Pennsylvania)
dol. per gal..
Production
...thous. of bbl.
Stocks, refinery, end of month
do
Lubricants:
Domestic demand§
do
Exports§
do
Price, wholesale, cylinder, refinery (Pennsylvania)
dol. per gal_.
Production
thous. of bbl..
Stocks, refinery, end of month
do
Asphalt:
Imports§
short tons. Production
do
Stocks, refinery, end of month
do
Wax:
Production
thous. of lb..
Stocks, refinery, end of month
do
Asphalt prepared roofing, shipments:!
Total
thous. of squares..
Smooth-surfaced roll roofing and cap sheet
do
Mineral-surfaced roll roofing and cap sheet.-.do
Shingles, all types
do
.076
.300
5,300
1,886
1,162
2,252
9,608
370
8,006
393
5,995
655
.070
9,506
4,304
.070
9,852
4,981
2,275
5,284
705
7,502
312
414
11, 513
664
12,325
394
.074
7,825
13,442
.074
8,566
13,926
.074
7,893
12, 734
.075
8,782
9,772
.076
9,415
7,299
3,236
1,135
3,095
3,536
706
2,900
906
2,900
1,063
2,951
1,104
.160
3,620
7,293
.200
4,096
7,030
.214
4,016
7,244
.248
4,327
7,338
.250
3,857
7,384
.274
4,135
7,564
.298
4,204
7,773
8,588
447
9,052
11,800 738, 200 851,800
907,
600 819,600
1,023,100
18,772
871,300
691,800
0
27,811
8,253
827,800 806, 500 670,400
622,200
626,500 577,800
0
615,800
702,000
11, 389
540, 500
781, 800
5,185
1,566
5,339
976
.070
8,396
6,097
6,338
782
.070
8,887
7,912
.070
8,376
9,063
.071
8,435
10,490
4,321
767
.074
8,179
12,382
2,562
1,225
3,061
721
2,866
1,131
2,715
1,054
3,049
910
.160
3,159
7,966
.160
3,786
7,951
.160
3,693
7,852
.160
3,722
7,565
.160
3,839
7,635
665
479,300
889,600
9,925
540,500
948,400
592, 700
64,960
81, 480
77, 280
85,400
68,040
80, 920
4,060
1,229
1,073
1,759
4,680
1,526
1,102
2,052
5,151
1,696
1,224
2,231
67,760
77, 280
5,168
1,746
1,076
2,346
65, 520
81, 760
60,480
73,920
69,160
73,360
68,600
83,160
74,480
84,840
79, 240
79, 800
86, 240
83,720
82,040
5,045
1,575
1,099
2,371
5,213
1,653
1,105
2,456
5,516
1,837
1,128
2,550
5,264
1,633
1,146
2,486
5,646
1,760
1,237
2,649
5,328
1,725
1,168
2,435
5,231
1,691
1,134
2,407
5,827
1,942
1,287
2,598
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption^
Imports, including latex and Guayule §
Stocks, end of months
Synthetic rubber:*
Consumption
Exports
Production
Stocks, end of month
Reclaimed rubber:!
Consumption
Production
Stocks, end of month
-long tons._ 40, 906
do
283, 556
do
16,466
21,998
28, 405 31,123
35,421
9,545
41,736 46,887
21, 627 35,731
176, 768 169, 490 185, 580 199, 591 200,799
10,131
33, 008
157, 977
12,792
31,757
180,088
16,914
28,109
182,831
17,867
6,262
170, 763
74, 214
17, 726
60, 363
115,310
70, 703
12,931
66,014
101, 510
70,914
13,144
66,044
93,447
62, 899 54, 562 61, 486 58,798
5,367
3,166
2,188
2,603
63,388 63,176 64, 300 63,765
94,095 101,007 103,076 108,840
37, 323 38, 802 r 45, 328
59, 266 46, 658 92, 459
218,672 237, 467 ••294,191
57,794 53, 453 r 58, 764
60,729
1,786
1,877
3,450
487
60, 305 62,648 ' 62,103
62,086 113,556
114,963
'115,
655
110,913
23, 715 26,706 24, 385 23, 597 r 27,715
23,956 26, 322 24,748
25, 254 r 25, 545
35,404 34, 261 33,516 33, 666 r 30, 053
do
do
do
_.do
59,125
120,405
63,770
6,430
51, 848
144,427
do
do
do
25, 620
23, 998
27, 289
20, 702
23,187
30, 216
22, 075
25,136
31,436
22,396
23,930
31,732
22,162
25,322
33, 554
21,725
24,882
35, 295
21,350
22,619
35,603
24, 566
25,798
35,742
thousandsdo.-.
do___
do...
do...
111
5,801
5,468
476
3,487
206
6,686
6,621
730
3,392
196
6,883
6,989
1,105
3,304
245
7,061
7,032
1,259
3,377
235
6,036
6,134
925
3,309
248
5,985
6,247
1,529
2,890
264
7,054
6,825
1,684
3,006
155
7,233
6,943
1,636
3,370
198
8,205
8,433
1,874
3,041
358
7,579
7,485
1,656
3,026
413
7,518
8,145
1,839
2,457
8,508
7,499
1,922
3,328
do
do___
do...
do
4,878
4,390
4,421
151
5,840
5,649
4,519
160
6,114
6,079
4,190
198
6,463
6,278
4,373
205
5,710
5,700
4,377
192
5,702
5,959
4,014
193
7,032
6,931
3,929
109
7,287
6,735
4,435
125
8,087
8,534
4,108
258
7,643
7,165
4,364
313
7,550
8,163
3,903
8,719
7,188
5,075
53,104
TIRES AND TUBES
Pneumatic casings:§
Exports
Production
Shipments
Original equipment
Stocks, end of month
Inner tubes:§
Exports
Production
Shipments
Stocks, end of month
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and cloth, shipments
reams. _ 143,017
129,
140, 813 161, 631 150, 726 166, 649 164, 733 145, 383 151, 364
204
143, 919
9,250
50
7,853
20, 034
5,824
11, 305
55
12, 718
18, 651
6,330
12, 650
64
15, 369
15, 974
6,013
12, 091
59
16,066
11,957
5,111
14, 489
73
14,564
11, 894
4,983
15, 420
75
16, 249
11, 064
4,788
17. 213
291,995
284,999
192,234
17. 328
353,623
351,572
194,892
17. 399
287.063
378,489
204,679
17. 646
372,829
355,575
217,985
17.932
376,587
354,086
235,490
18. 074
481,547
447,614
263,564
18. 218 18.519
18.551
501,287 470,998 509,839
481,377 443,647 480,121
286,534 310, 814 339,129
19. 010 19. 095 19. 270
455,676 381,146 376, 500
424,705 354,782 324,882
368,953 383,824 443,433
75, 693
78, 771
49,853
92, 276
91, 037
50,996
96,103
101,578
45, 214
101,507
100,940
45, 526
104,107
99, 706
52, 285
119,041
117,723
56, 608
125,352
124,293
56,923
123,976 113,682 112,460
107,833 r102, 278 98, 080
80, 497 87, 580 102, 543
161, 776 151, 292 147,807
PORTLAND CEMENT
Production
Percent of capacity
Shipments
Stocks, finished, end of month
Stocks, clinker, end of month
thous. of bbl._
thous. of bbl. .
do
do
12, 521
68
8,347
20, 090
5,346
16, 213
79
17,955
9,308
4,580
16, 450
83
17,153
8,612
3,898
16, 410
81
17, 721
7,298
3,598
15, 335
78
14, 803
7,830
3,512
14, 557 15, 353
66
71
11, 494
8,363
10, 921 •T 15, 915
3,886
4, 582
CLAY PRODUCTS
Brick, unglazed:
Price, wholesale, common, composite, f. o. b . p l a n t
dol. per t h q u s . Production*
thous. of standard b r i c k . .
Shipments*
do
Stocks, end of month*
.do
Unglazed structural tile:*
Production
short t o n s . .
Shipments..do
Stocks
do
Vitrified clay sewer pipe:*
Production
do
Shipments
do
Stocks
do
116, 845 128, 276
115,474 122,157
57, 664 62, 633
56,113 64,433
90, 656 92, 369 107,901 108,042 99, 000 116, 567 102, 857 103,135 112, 994
54, 267 68, 219 95, 887 98, 634 104,072 108,446 106, 518 110, 751 98, 495 103, 313 103,896
145,937 141,922 135,071 129,427 134,529 133,143 125, 491 131,330 I 134,560 137,887 143,196
T
Revised. §Data continue series published in the 1942 Supplement but suspended during the war period. Data for 1941-45 for tires and tubes and imports of natural rubber are
shown on pp. 22 and 23 of the December 1946 Survey. Data for October 1941-February 1945 for other series will be published later.
! For source of the indicated series and 1941-45 data, see p. 23 of December 1946 Survey; these data continue similar series published in the 1942 Supplement.
* New series. Data for 1943-45 for exports of synthetic rubber and for 1941-45 for other synthetic rubber series are shown on p. 23 of the December 1946 Survey. For September
1942-December 1943 data for brick see p. 24 of the February 1945 Survey and for 1939-45 data for clay sewer pipe, p. 23 of December 1946 issue; data for September i942-February 1945
for unglazed structural are shown on p. 20 of this issue.
fData for asphalt roofing have been published on a revised basis beginning in the April 1945 Survey; see note in that issue.
55, 496
50, 607
144,652
S-38
SURVEY OF CUREENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
February
1947
April 1947
1946
February
March
April
May
June
July
1947
August
September
October
Novem- December
ber
January
STONE, CLAY, AND GLASS PRODUCTS—Continued
GLASS PRODUCTS
Glass containers:!
Production
thous. of gross..
Shipments, domestic, total
do
General use food:
Narrow neck, food
do
Wide mouth, food (incl. packers tumblers)-do
Beverage-.
__do
Beer bottles
do
Liquor and wine
do
Medicinal and toilet
___do
General purpose (chem., household, indus.)_.do
Dairy products
do
Fruit jars and jelly glasses
do
Stocks, end of month
do
Other glassware, machine-made:
Tumblers :f
Production
thous. of doz...
Shipments
do
Stocks
do
Table, kitchen, and householdware, shipments t
thous. of doz__
Plate glass, polished, production
-thous. of sq. ft._
9,269
8,645
8,985
8,847
9,872
9,614
9,555
9,425
8,982
9,235
8,991
8,680
9,426
9,001
10, 659
10,406
9, 815
9,633
10, 533
10, 376
9,610
9,332
9,344
9, 352
682
i 2, 448
569
804
1,262
1,935
621
286
138
4, 545
615
2,775
399
801
1,152
2, 052
667
317
67
4,294
725
2,904
524
791
1,156
2,229
772
342
171
4,287
773
2,905
566
546
1,159
2,143
717
347
268
4,140
824
2,844
558
389
1,008
2,223
729
315
345
3,643
865
2,502
653
415
1,059
1,899
663
280
346
3,729
962
i 2, 629
595
374
1,146
1,975
676
284
1360
3,911
1,287
i 3, 217
615
417
1,252
2,221
717
332
1347
3,917
1,309
2,864
529
460
1,216
2,051
582
314
309
3,940
971
* 3,204
571
576
1,408
2,491
687
364
U05
3,906
744
2,978
517
573
1,372
2,099
658
318
73
3,905
723
i 2, 881
513
639
1.342
2 227
'651
331
144
3,591
6,465
6,138
4,879
7,770
7,672
5,007
6,935
7,416
4,410
5,978
6,706
3,937
7,389
6,347
4,920
6,070
5,984
4,997
7,891
7,946
4,784
6,711
6, 078
5, 352
7,763
7,657
5,326
6,848
6,527
5,544
6,470
6,242
4,879
3,681
13,849
4,153
19, 292
4,100
18, 515
4,513
18, 863
3,847
16, 316
3,553
18, 409
4,335
16, 803
3, 645
21,142
5,000
23, 271
3,168
20, 781
2,298
18,411
20, 268
GYPSUM AND PRODUCTS
Crude gypsum:
Importscf.Production
Calcined, production
Gypsum products sold or used:
Uncalcined
Calcined:
For building uses:
Base-coat plasters.
Keene's cement
All other building plasters
Lath
Tile
Wallboard©
Industrial plasters
short tons__
do
do
do
do
do
do
thous. of sq. ft
__.do_._.
do
short tons..
42, 721
1,143,238
828, 731
300,815
1,306,845
946, 851
571, 871
1,522,455
1,172,746
541, 733
1,642,030
.1,249,901
•358,642
408, 263
389,021
472,603
265, 675
•6,309
85, 952
242, 917
331,237
'8,295
91, 524
281,750
4,055
443, 327
52,320
422,025
8,392
103,442
295,620
4,508
557,537
49,941
482,306
9,871
115,806
328, 49]
5,138
589, 374
55, 484
5,164
408,149
48, 568
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
thous of dozen pairs
Shipments
_
_
do
Stocks, end of month
do
12,235
11, 838
14, 919
12,976
12, 613
15, 225
13,067
12, 643
15, 592
13,985
13, 344
16,178
12,968
13,118
15,971
11,968
11,008
16, 932
13,438
12,086
18, 284
13,179
13,511
17,952
14, 533
15,089
17,396
13,339
13,627
17,108
12, 083
11, 925
17, 266
14,592
13,394
18,464
804, 290
318, 948
39, 609
.227
812, 749
317,633
30, 767
.236
871,470
456,671
42,852
.241
792,317
409, 926
15,862
.260
729,603
366, 510
27,694
.308
855,511
411,570
17,896
.336
818,449
242,177
40,984
.353
931,229
103, 781
35, 530
.377
877,461
445,147
49, 651
.292
774,177
356, 786
14,630
.300
947,036
289, 672
10, 543
.297
.268
.277
.274
.292
.334
.355
.369
.361
.309
.324
.319
162
532
2,334
5,725
7,366
7,783
8,166
COTTON
Cotton (exclusive of linters):
Consumption
._
_ _
_ _ bales . 840,463 747, 748
250,482
Exportscf
do
25, 845
Importsc?
- _ .
do
.230
.306
Prices received by farmers f15 /f
dol. per lb__
Prices, wholesale, middling, A6 , average, 10 markets
.258
.333
dol. p e r l b . .
Production:
2 8, 513
Ginnings§
thous of running bales
Crop estimate, equivalent 500-lb. bales
2 8, 637
thous of bales
Stocks, domestic cotton in the United States, end of
month:J
9,332
4,243
Warehouses.
. ._
thous. of bales .
2,306
2,161
Mills
do
Cotton linters:
90
80
Consumption _. . _ _____ __
do
88
95
Production
do
483
Stocks, end of month
__do
485
3 8, 813
» 9,016
8,547
2,319
7,534
2,311
6,340
2,238
5,320
2,179
4,414
2,179
3,785
1,983
4,280
1,865
5,845
1,928
6,161
2,019
5,939
2,125
5,192
2,159
95
71
481
90
49
476
85
31
444
84
15
399
94
14
347
87
26
285
75
74
292
79
162
349
82
169
388
79
129
437
94
'137
472
COTTON MANUFACTURERS
Cotton cloth:
Cotton broad woven goods over 12 inches in width,
production quarterly*
mil of linear yards
Cotton goods fiinished, quarterly:*
Production total
do
Bleached
do
Plain dyed
do
Printed
do
Exportscf
thous. of sq. yds_.
Importscf _
_ _
__do
Prices, wholesale:
Mill margins
__ cents per lb_.
Denims, 28-inch
dol. peryd__
Print cloth, 64 x 60•
__ _ do
Sheeting, unbleached. 36-inch, 56 x 56©
do
52.36
.338
.248
.240
2,267
2,299
2,190
2,355
66,200
2,814
1,734
840
478
416
71,472
4,840
65,140
7,326
73,107
4,265
1,788
878
466
443
68,310
3,551
57,503
5,176
59, 444
3,581
' 1,604
'765
449
390
41,109
2,311
41, 313
2,459
68,907
1,792
1,816
897
490
429
99, 872
2,190
86,338
1,687
19.49
.223
.099
.120
22.57
.248
.110
.133
23.09
.256
.114
.138
23.73
.256
.114
.138
22.01
.256
.114
.138
5 24.97
.280
.126
.138
25.93
.312
.134
.165
27.40
.323
.140
.172
30.86
.338
.146
.180
40.78
.338
.147
.180
47.72
.338
.185
(4)
51.60
.338
.192
(4)
' Revised.
i Jelly glasses included with wide mouth food containers.
2 Total ginnings of 1946 crop.
3 Total ginnings of 1945 crop.
* Not available.
s Based on cloth prices for July 24, 1946, from the "Textile Apparel Analysis" for first 3 weeks of the month and O. P . A. ceilings for last week.
• Data continue the series shown in the Survey through the October 1943 issue; this construction was discontinued during the war period.
O This series was substituted in the November 1943 Survey for the price of 56 x 60 sheeting, production of which was discontinued during the war period.
§ Total ginnings to end of month indicated. © Includes laminated board reported as component board; this is a new product not produced prior to 1942.
cf Data continue series published in the 1942 Supplement but suspended during the war period, data for October 1941-February 1945 will be published later.
X See note in February 1947 Survey for source of August 1941-March 1942 revisions and total cotton stocks in the United States July 31, 1946.
*New series. For a brief description of the data for cotton broad woven goods and 1943 figures see p. S-35 of August 1944 Survey and for 1939-45 data for cotton goods finishing,
p . 23 of August 1945 issue.
t Revised series. See note on p . S-34 of the July 1944 Survey regarding changes in the data for glass containers and comparable figures for 1940-42 and note in May 1946 Survey
for changes in the reporting companies for other machine-made glassware; glass container data since October 1945 are from the Bureau of the Census. For revisions for August 1937July 1942 for farm price ©f cotton, see p. S-35 of June 1944 Survey.
April 1947
SUEVEY OF CUEEENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
February
1947
S-39
1946
February
March
April
May
June
July
1947
August
September
October
Novem- December
ber
January
TEXTILE PRODUCTS—Continued
COTTON MANUFACTURES—Continued
Cotton cordage, rope, and twine production, quarterly*
31,525
31,488
29,201
thous. of lb _
29, 855
Cotton yarn:
217,420
217,
783
do
212,
941
Production (sale yarn) total*
218 508
Carded and combed yarns:
85,099
79, 874
do
81,254
Weaving
84 835
73,614
72, 570
do _
69, 878
73 005
Machine knitting
9,006
9,272
do
9,478
Thread
9 472
do
50,745
55,023
52,331
All other cotton and mixed fiber yarns*
51,196
Prices, wholesale:
Southern, 22/1, cones, carded, white, for knitting
.543
.599
.504
.525
.543
.671
.476
.699
.699
.643
.699
(mill)t
dol. perlb—_
.699
699
do
1;819
.592
.627
.834
1.819
.646
.672
.672
.672
.756
.804
Southern 40s single carded (mill)
1.819
1.819
Spindle activity:
21,944
22,019
21,947
21,754
21, 524 21 088 21 919
21,964
Active spindles
thousands
21 954 21, 618
21,984
21,639
21,958
8,707
8,007
9,147
9,558
9,449
9,037
8,493
9,499
9,133
10,143
9,590
Active spindle hours total
_
_ mil of hr_.
8,671
10, 588
369
384
401
336
357
397
396
379
383
424
402
362
Average per spindle in place
hours..
444
115.4
109.9
110.5
113.0
119.6
95.3
114.1
116.2
112.4
114.4
125.6
107.8
Operations
pet. of capacity..
123.3
RAYON AND MANUFACTURES
Yarn and staple fiber:
Consumption:
50.2
58.0
51.8
52.0
Filament yarn
mil. oflb _
56.6
56.8
54.2
55.1
58.3
59.6
57.3
55.9
61.7
15.9
14.1
15.6
13.3
15.7
13.0
14.8
15.0
14.0
16.8
do
14.9
12 9
15 0
Stable fiber
2,295
1,887
3,428
3,653
3,369
1,426
2,943
3,108
2,423
3,708
4,277
Imports§
thous . o f l b . .
5,770
Prices, wholesale:
Yarn, viscose, 150 denier, first quality, minimum
.550
.550
.550
.550
.550
.550
.585
.550
.550
.550
.690
filament
dol. perlb__
.620
.620
.250
.250
.250
.250
.250
.250
.250
.265
.250
.250
Staple fiber, viscose, 1H denier. _.
do _ _ .320
.280
.280
Stocks, producers', end of month:
7.3
8.7
9.2
9.3
8.7
8.4
9.1
6.9
10.0
9.7
9.7
Filament yarn
_
mil . o f l b . .
6.0
7.3
1.9
2.1
1.8
2.2
4.0
2.5
2.3
2.6
do
2.3
2.6
2.3
1.6
2 7
Staple fiber
Rayon goods, production, quarterly:*
437,388
439,178
'408,204
Broad woven goods
thous of linear yards
425,833
441,627
454,322
"•384,574
do
436 489
Finished total
51, 659
55,148
do
'41,669
50, 388
White finished
r
292, 862
299,498
do
267,185
Plain dyed
297 051
93,617
103,165
do _
89 050
' 75,720
Printed
WOOL
Consumption (scoured basis):^
48,252
49, 604 50, 750 49,788
47, 708 50,424
61,635
49, 900 63,375
48,156 r 46, 656 57, 745
Apparel class
thous oflb
10,352
11,465
10, 268
9,135
9,916
9,576
10,308
10, 260 13, 435 11,492
11.752
Carpet class
_.__
14, 235
do
78,567 113,593 126, 519 91, 793 73, 601 103, 311 89, 529 85, 556 70,226
66,053
56, 553 73,614
Imports^
Prices, wholesale:
.995
.995
1.037
.995
.995
.995
.995
1.165
1.025
1.106
.995
1.145
1.155
Raw, territory. 64s, 70s, 80s, fine, scoured*_dol. p e r l b . .
.490
.465
.465
.545
.465
.465
.465
.465
.465
.480
.480
Raw, bright fleece, 56s, greasy* - do __
.530
.530
Australian, 64-70s, good top making, scoured, in bond
.745
.755
.850
.747
.745
(Boston)*
dol. Der lb
.755
.789
.745
.745
.745
.850
.757
.850
567, 349
597, 502
496, 801
Stocks, scoured basis, end of mo., totalf...thous . o f l b . .
540 072
426, 667
466, 489
do .
490, 847
437, 759
Apparel totalf
231, 698
264, 897
297, 499
273,404
Domesticf
194, 969
"do
201, 592
164 355
193 348
Foreign!
.do. __
100, 860
70,134
106,655
Carpetf
_. _ .
102,313
WOOL MANUFACTURES
Machinery activity (weekly average):%
Looms:
Woolen and worsted:
Broad
thous. of active hours
2,582
2,640
2,169
2,480
2,687
2,551
2,586
2,486
2,608
2,592
2,547
2,499
79
81
85
85
68
86
86
do. .
86
Narrow
75
88
84
77
Carpet and rug:
103
107
95
98
78
101
113
110
106
105
do. _
Broad
. - .
113
109
94
74
79
84
94
86
70
93
do
100
101
Narrow
102
100
Spinning spindles:
120, 378 122, 334 119,955 119,134 123, 986 98,191 123,886 120,847 122,605 117,164 -•112,558 108, 837
do
Woolen
112, 677 115, 501 114,045 108, 463 114,293
89,145 110,807 112,153 118, 212 112, 384 114,515 114, 454
Worsted
_ -_
_ -do-_do
214
221
224
220
223
226
220
177
217
Worsted combs
230
226
227
Woolen and worsted woven goods (except woven felts):*
145, 635
154,339
146. 564
Production, quarterly, total---thous. of lin. yards
156, 983
125,628
133,94?
127, 207
Apparel fabrics
.
- .- do
137, 267
58,060
Men's wear.. __. _
do
53, 791
55,032
60,912
Women's and children's wear
do
56 144
60 695
60 853
56 859
15, 693
15,029
15,316
do
General use and other fabrics
15, 660
12, 336
12, 077
11,833
do
Blankets
12 503
7,671
8,320
Other nonapparel fabrics
__
_ .do
7,524
7, 213
Wool yarn:
74, 204 77, 300 94, 390 74, 716 77, 948 75,910
75, 432 96, 200 73,844 - 70, 460 85,670
77,928
Production total*!
thous . o f l b . .
13,460
14,052
17,110
14,008
15, 890 13, 704 13,236
13, 764
._do
16, 610 12, 384 ' 11,316
Kiiitting*1
__
13,615
52,832
52, 425 53,120
50, 656 52, 740 64, 650 51,064
51, 620 65, 250 49, 732 rr 47,648 57, 965
do. .
Weaving*^
- .- 10, 508 12,630
11,108
7,595
10,088
9,888
do
10, 576 14, 340 11, 728
11,104
Carpet and other*!
11, 496 14,090
Price, wholesale, worsted yarn, 2/32s (Boston)
1.900
1.900
1.900
dol. per lb_.
1.950
1.900
1.950
1.900
1.900
1.900
1.900
1.900
1.900
1.900
MISCELLANEOUS PRODUCTS
r
7,381
' 4,813
7, 553
Fur, sales by dealers _ _
thous. of doL.
3,332
7,274
7,322
5,300
4,640
4,236 ' 3,103
Pyroxylin-coated fabrics:!
13,137
13,035
13, 606 13,182
13, 468 13,800
13, 589 13, 281 12,914
12,354
Orders unfilled end of month
thous. lin. yd
13,194
12, 531
6,814
6,129
6,301
6,811
5,748
5,651
6,972
7,205
6,287
7,480
Pyroxylin spread
thous . oflb
7,754
7,058
9,071
7,653
7,371
7,401
7,506
8,448
8,552
7,151
9,867
9,217
Shipments, billed
..-thous. lin. yd.
9,423
9,135
r
Revised, i Quotations are for cotton yarn twisted, 40/1, carded, and are not comparable with data prior to November 1946; comparable October 1946 figure, $0,819.
IData for April, July, and October 1946 and January 1947 are for 5 weeks; other months 4 weeks.
§Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
JSee note in the April 1946 Survey with regard to changes in these series; data related to cotton fabrics only prior to August 1945.
fRevised series. See p. S-35 of the November 1942 Survey for 1941 data for the yarn price series and p. S-35 of the May 1943 issue regarding a change in the coverage of the wool
stocks series; stocks were revised in the March 1947 Survey to include corrections and to transfer wool 40s and below to apparel class; revised data for 1942-45 will be shown later;
stocks include wool held by Commodity Credit Corporation but exclude foreign wool held by Defense Supplies Corporation.
*New series. For 1939 and 1943-45 data for rayon goods finishing, see p. 23 of the August 1946 Survey. Data for rayon woven goods production, cotton cordage, rope, and twine,
cotton sale yarn and wool yarn production are from the Bureau of the Census and represent virtually complete coverage; data beginning 1943 will be shown later; the wool yarn series
are foi 4- and 5-week periods. The price series for Australian wool is from the Department of Agriculture; prices are before payment of duty; data beginning 1936 will be shown later;
1939-43 for the other wool price series are shown on p. 24 of the February 1945 Survey. For available data for 1937-43 for woolen and worsted goods production, see p. 19 of the M a y
1945 Survey.
S-40
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptire notes may be found in the
1942 Supplement to the Survey
February
April 1947
1946
1947
February
1947
October
Novem- December
ber
January
August
September
18,999
27,017
23,644 23,694
13,285
12,397
6,312
8,321
7,013
2,350
4,001
10, 518
9,284 12, 687 18, 696 16,631
10,047
13,176
214,
350
243,104
201,902 297, 633
93,042 124, 003
948
789
527
774
265
862
854
741
443
833
230
751
57, 784 85, 810 132, 631 166, 942 141, 090 209,180
54, 111 80, 239 125, 765 158,344 131, 284 195,158
34, 993 37, 666 80, 771 75, 373 60, 038 87, 591
62, 529 59, 947 50, 247 72,102
26, 787 29,125
31,803
14, 587
17, 216
346, 209
1,067
867
247, 261
229,083
97, 881
78,283
27,
12,
14,
328,
401
477
924
795
833
758
232, 280
218, 645
95,682
77,501
23, 017
11,832
11,185
391, 727
975
923
283, 586
263, 236
107,166
88,207
47, 695
22,496
25,199
371,156
1,146
1,102
269,081
250, 379
100,929
79,138
41,158
40,268
16, 257
19,742
24,901
20,526
375, 719 ' 349,462
1,438
r 1, 240
1,069
1,339
266, 665 247,130
244, 931 225, 989
107, 616 101, 092
82, 774
77, 300
90, 045 150, 206 152, 948 142, 313 220,321
39,320 81, 072 74, 650 58, 739 93,458
39, 309 81, 070 74, 650 58,739
93, 458
5,802
4,823
4,066
2,432
5,995
16, 952 43,837 37,427
18, 608 49,529
19, 925 31,431
32,400 36,065
37,934
5,412
6,691
6,617
5,033
5,966
4,818
6,148
6,016
4,459
5,654
2,539
3,464
3,306
1,983
2,287
2,279
2,684
2,476
2,710
3,367
594
543
574
601
312
241,302
105, 516
105, 516
4,840
57, 062
43, 614
7,650
7,207
3,091
4,116
443
239,412
92,014
92,014
6,071
44, 559
41, 384
6,578
6,143
2,679
3,464
435
285,606
109,953
109,953
8,940
51,175
49, 838
8,731
8,153
3,987
4,166
578
261,007
100, 552
100, 552
8,401
50,158
41,993
7,449
7,051
3,147
3,904
398
262, 076
101, 484
101, 484
7,691
51,825
41,968
6,886
6,506
3,461
3,045
380
1493, 299 172, 961
53, 657
199,316
62, 820
219, 281
69, 565
225,180
74, 708
230, 424
63, 978
274, 735
69, 453
March
April
May
June
July
TRANSPORTATION EQUIPMENT
MOTOR VEHICLES
Exports, assembled, total §
numberPassenger cars§
do...
Trucks!
do...
Factory sales, total§
d o . . . 373, 787
1,211
Coaches, total
do
998
Domestic
do...
266, 237
Passenger cars, total
do
Domestic
do.._ 244, 411
106,339
Trucks, total
do
83, 253
Domestic
do...
Production:*
Passenger cars
_.
d o . . . 263, 998
Trucks and truck tractors, total (incl. military)-do.__ 114, 909
Civilian, total
d o . . . 114, 909
9,250
Heavy
do...
57, 757
Medium
do._.
47, 902
Light
do...
Truck trailers, production, total*
do_-_
Complete trailers
do.-.
Vans
do-._
All other
do. _ .
Chassis shipped as such
do.-.
Registrations:§
New passenger cars
do_..
New commercial cars
do...
47, 965
28,660
28, 562
4,469
9,849
14, 244
3,898
3,540
1,885
1,655
358
87,375
40,920
56, 285
252,100
102, 727
102, 727
10, 458
48, 978
43, 291
7,523
7,206
3,762
3,444
317
RAILWAY EQUIPMENT
American Railway Car Institute:
Shipments:
Freight cars, total
number.
Domestic
do._.
Passenger cars, total!
do._DomesticJ
do.. Association of American Railroads:
Freight cars, end of month:
Number owned
thousandsUndergoing or awaiting classified repairs.-do-..
Percent of total online
Orders, unfilled
cars.
Equipment manufacturers
do...
Railroad shops
do...
Locomotives, end of month:
Steam, undergoing or awaiting classified repairs
numberPercent of total online
Orders unfilled:
Steam locomotives, total
numberEquipment manufacturers
do
Railroad shops
do._Other locomotives, total*
do-_.
Equipment manufacturers*
do. _ _
Railroad shops*
do. _.
Exports of locomotives, total §
do_ _ _
Steam §
do__.
Other§
do...
7,575
1,784
69
69
2,411
1,664
2,460
2,325
21
21
4,038
3,181
240
240
3,340
2,816
181
181
2,662
2,094
56
56
3,098
2,570
61
61
4,625
4,234
68
68
3,915
3,244
69
34
5,957
3,057
45
45
7,188
2,442
60
60
6,737
2,056
60
60
6,991
2,265
58
58
1,738
66
4.0
66, 353
49, 934
16,419
1,757
74
4.4
37,572
30, 345
7,227
1,755
75
4.4
38, 650
29,947
8,703
1,753
76
4.5
38,151
29,687
1,749
83
4.9
35,954
28,184
7,770
1,749
78
4.7
36,058
28,683
7,375
1,748
80
4.7
41, 417
34,609
6,808
1,748
74
4.4
42,714
35,367
7,347
1,746
73
4.3
53,727
37, 213
16, 514
1,743
67
4.0
52,817
36,942
15,875
1,742
67
4.0
54, 413
39,179
15,234
1,740
67
4.0
54, 778
38, 716
16, 062
1,740
66
4.0
60, 529
44,144
16, 385
3,131
8.5
45
42
3
635
635
0
2,944
7.6
3,075
8.0
3,260
8.5
3,179
8.3
3,298
8.7
3,217
8.5
3,195
8.5
3,147
8.4
3,204
8.5
3,137
8.4
3,175
8.6
85
57
28
378
368
10
163
125
38
82
57
25
412
402
10
216
172
44
3,145
8.2
74
52
22
416
406
10
262
172
90
43
20
522
512
10
258
70
16
529
515
14
286
208
76
60
16
528
514
14
227
174
53
69
55
14
487
473
14
236
140
96
65
53
12
490
490
0
114
66
48
67
57
10
506
506
0
92
58
34
65
57
8
499
499
0
253
141
112
64
57
7
540
540
0
192
49
143
53
48
5
586
586
0
195
78
117
148
148
0
154
148
6
219
211
266
262
4
273
260
13
258
247
11
265
245
20
229
220
9
311
293
18
276
258
18
330
306
24
320
294
26
INDUSTRIAL ELECTRIC TRUCKS AND
TRACTORS
Shipments, total
Domestic
Exports
number.
do
do
CANADIAN STATISTICS
Phvsical volume of business, adjusted:
Combined indexf
1935-39=100.Industrial production, combined indexf
do
Construction f
do
Electric power
do
Manufacturing!
do
Forestry!
do
Miningf
do
Distribution, combined indexf
do
Agricultural marketings, adjusted:!
Combined index
do_ _.
Grain
do
Livestock
do
Commodity prices:
Cost of living
do
Wholesale prices
1926=100-R ail ways:
Carloadings
thous. of cars.,
Revenue freight carried 1 mile
mil. of tons._
Passengers carried 1 mile
mil. of passengers..
127. 8
118.1
181.2
188.2
254.2
152.9
197.9
150.7
98.1
166.7
191.4
199.0
441.1
155.6
190.7
146.9
143.5
175.9
192.8
197.9
426.3
164.1
189.9
144.0
142.0
182.3
184.3
189.6
302.6
166.5
186.9
143.2
155.8
173.4
178.9
179.4
204.0
164.5
181.4
128.0
158.7
178.0
180.3
181.1
237.0
168.2
181.2
143.2
155.3
178.6
178.1
175.5
178.6
164.3
180.6
149.0
158.9
183.4
173.3
172.5
186.9
155.2
179.0
150.9
147.7
175.0
179.0
184.2
284.3
155.3
185.5
156.5
146.1
168.1
181.3
180.2
197.7
154.0
191.5
157.3
138.7
183.6
186.7
180.2
183.0
158.3
192.2
158.6
141.6
200.2
52.5
139.2
66.0
54.3
117.0
124.6
129.9
101.4
160.5
177.7
86.0
97.1
92.9
115.4
146. 6
148.4
138.7
132.8
133.2
131.0
97.2
96.5
68.5
106.8
103.2
122.5
121.7
115.1
150.5
108.2
98.1
152.2
120.1
105.6
120.8
108.2
122.0
108.6
123.6
109.1
125.1
109.5
125.6
109.2
125.5
109.1
126.8
110.8
127.1
111.4
127.1
111.8
302
4,981
412
4,156
367
296
3,983
335
291
4,055
420
305
4,048
484
325
4,406
501
324
5,142
373
371
5,467
292
349
5,267
279
295
4,814
341
119.9
105.2
263
4,215
392
r
Revised. * Total for January-June for passenger cars and for January-March for commercial cars; monthly data not available.
£Data for October 1945-January 1946 and April 1946 include converted troop kitchens and troop sleepers.
§Data continue series published in the 1942 Supplement, except that changes have been made in the classifications in some instances. Data for exports of "total locomotives" and
"other locomotives" were revised in the May 1946 Survey (see note in that issue); data through February 1945 for the revised series and for October 1941-February 1945 for the other
export series will be published later. In the factory sales data, coaches were formerly included with trucks and changes have been made in the classification of certain special typ*
vehicles, revised monthly figures for 1940-41 and annual totals for 1942-45 will be published later; the factory sales figures include certain types of vehicles (for example, half-tracks)
not included in the production figures above. Revised figures for new car registrations beginning 1940 for commercial cars and 1941 for passengers cars through March 1942 will also
be published; R. L. Polk Co., source of these data, did not report registrations for April 1942-December 1945.
*New series. See note in the September 1945 Survey for a description of the data for trucks and tractors; data beginning 1936 will be published later. Data beginning July 1945
for passenger car production are on p. S-40 of the September 1946 Survey; there was no production April 1942-June 1945. Data for unfilled orders of "other locomotives" are for class
I railroads and include electric, Diesel-electric, and Diesel; data beginning 1939 will be shown later. Data for truck trailers are from the Bureau of the Census and are industry totals;
annual total production for 1939-41 and monthly figures for 1942-45 will be published later.
fRevised series. The Canadian index of construction has been shown on a revised basis beginning in the August 1945 Survey, the mining index beginning in the April 1944 issue,
and the other indicated indexes beginning in the December 1942 issue; see note in the April 1946 Survey for the periods affected.
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 :
1 9 4 7
INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40
Pages marked S
Abrasive paper and cloth (coated)
37
Acids
.
23
Advertising
6,7
Agricultural income, marketings..
1
Agricultural wages, loans .
- - 14,15
Air-line operatiens...
......
21
Aircraft industry
10,11,12,13,14
Alcohol, denatured, ethyl, and methyl
23
Alcoholic beverages
.
1,2,26
Aluminum
32
Animal fats, greases
24.25
Anthracite
2,4,11,12,13,14,35
Apparel, wearing
4,6,7,8,10,11,12,13,14,38,39
Armed forces
9
Asphalt
37
Automobiles
1,2,6,7,10,11,12,13,14,17
Banking
15
Barley
27
Barrels and drums
_.
.—..
32
Battery shipments
34
Beef and veal
28
Beverages, alcoholic
1,2,26
Bituminous coal
2,4,11,12,13,14,35,36
Boilers
_
33
Bonds, issues, prices, sales, yields
18,19
Book publication
35
Brass
32
Brick
4,37
Brokers' loans
15,18
Building contracts awarded
5
Building costs
5,6
Building construction (see Construction)
Building materials, prices, retail trade-..
4,7,8,9
Businesses operating and business turn-over..
3
Butter
_
26
Canadian statistics
16,17,40
Candy
.
28
Cans, metal
32
Capital
flotations
18
For productive uses
18
Carloadings
22
Cattle and calves
27, 28
Cellulose plastic products
25
Cement
1,2,4,37
Cereal and bakery products
4
Chain-store sales
8
Cheese
26
Chemicals
1,2,3,4,10,11,13, 14,17, 23
Cigars and cigarettes
29
Civil-service employees
It
Clay products (see also Stone, clay, etc.)
1,2,37
Clothing
4,6,7,8,10,11,12,13,14,38
Coal
2,4,11,12,13,14,35, 36
Cocoa
-.
28
Coffee
_
_.
28
Coke
„
— __
_
2,36
Commercial and industrial failures
3
Construction:
New construction, dollar value
5
Contracts awarded
5
Costs
5, 6
Dwelling units started
5
Highway
_
5,11
Employment, wage rates, earnings, hours
9,
11,12,14
Consumer credit
.
...
15.16
Consumer expenditures, consumers' price index.. 4, 7
Copper
32, 33
Copra and coconut oil
,
24
Corn
_______
27
Cost-of-living index. See consumers'price index
4
Cotton, raw, end manufactures
.
.
2,
4,10,11,12,13,14,38,39
Cottonseed, cake and meal, oil__
24
Crenes, electric overhead
33
Crops
1,24,26,27
Currency in circulation.
. _„
17
Dairy products
. . . 1,2,3,4,26
Debits, bank
._ —
15
Debt, short-term, consumer
... 15,16
Debt, United States Government
17
Department stores, sales, stocks, collections_. 7,8,9
Deposits, bank
15,17
Disputes, industrial
12
Distilled spirits
_._
26
Dividend payments and rates
1, 19
Drug store sales
.
7,8
Dwelling units started
5
Earnings, weekly and hourly
.
13,14
Eggs and ehickena
,
„ 1,3,4,28
Electrical equipment
2,3,7,34
Electric power production, sales, revenues
25
Employment estimates
«.
9,10
Employment indexes:
Factory, by industries
.__ .
10,11
Nonmanufacturing industries
.
11
Employment security operations . „
Emigration and immigration
Engineering construction
,
Exchange rates, foreign
Expenditures, United States Government
Explosives
_.
Exports (see also individual commodities)
20, 21
Factory, employment, pay rolls, hours, wages..
9,
10,11,12,13,14
Failures, industrial and commercial
3
Fairchild's retail price index
4
Farm marketings and Income
1
Farm wages
14
Farm products, farm, and wholesale prices
3,4
DigitizedFats
for FRASER
and oils
4,24, 25
Pages marked S
Federal Government,
finance
17,18
Federal Rererve banks, condition of
15
Federal Reserve reporting member b a n k s . . . .
15
Fertilizers
4,23
Fire losses
6
Fish oils and
fish
_
24,28
Flaxseed
24
Flooring
30
Flour, wheat
27
Food products
.
2,
3,4,7,10,11,12,13.14,17.26, 27. 28, 29
Footwear
2,4,7,8,10,12,13,14,30
Foreclosures, real estate
.
6
Foreign trade, indexes, shipping weight, value
by regions, countries, economic classes and
commodity groups
.
20,21
Foundry equipment.....
33
Freight cars (equipment)
40
Freight carloadings, cars, indexes
22
Freight-car surplus and shortage
22
Fruits and vegetables
2,3,4,26
Fuel equipment t*nd heating apparatus
33
Fuels
_
2,4.35,36,37
Furnaces
33,34
Furniture
1,4,10,11,12,13,31
25
Gas, customers, sales, revenues
36
Gas and fuel oils
36
Gasoline
38
Glass and glassware (see also Stone, clay, etc.).
23
Gelatin
30
Gloves and mittens
23
Glycerin
.
.
__.
16
Gold
7
Goods in warehouses
.3,27
Grains
38
Gypsum
33
Heating and ventilating equipment
.
4,29
Hides and skins
5,11
Highways
27,28
Hogs
6
Home-loan banks, loans outstanding
6
H ome mortgages
„
4,38
Hosiery
Hotels
11, 13,22
11,12
Hours of work per week
Housefurnishings
4, 6,7,8
4,5
Housing
Immigration and emigration
22
20,21
Imports
1
Income payments
.
17
Income-tax receipts
3
Incorporations, business, new
1.2
Industrial production indexes
15,16
Instalment loans
8,9
Instalment sales, department stores
16
Insurance. life
15
Interest and money rates
3.8
Inventories, manufacturers' and trade
1,
Iron and steel, crude and manufactures
2,4,9,10,11,12,13,17, 31,32
37
Kerosene..*.
.
9
Labor force
12
Labor disputes, turn-over
28
Lamb and mutton
28
Lard.
33
Lead.
Leather and products
2,4,10,11,12,13,29,30
Linseed oil, cake, and meal
24
Livestock
1.3,27,28
Loans, real estate, agricultural, bank, brokers'
(see QISO Consumer credit)
..
6,15,18
Locomotives
40
Looms, woolen, activity
39
Lubricants
37
Lumber... ._
1,2,4,10,11,12,13.30,31
Machtne activity, cotton, wool
39
Machine tools.
10,11,12,13,33
Machinery
_
1,2,10,11,12,13,17,34
Magazine advertising
7
Mail order houses, sales
8,9
Manufacturers' orders, shipments, inventories.
2, 3
Manufacturing production indexes
1.2
Meats and meat pecking.. 1,2.3,4,10,12,13,14.28
Metals
1,4,10,11,12, 13,17.32,33
Metbanol
..
23
Milk
26
Minerals
.
. . . . 2,10,11,12,14
M oney supply
.
17
Mortgage loans
6, 15
Motor fuel
36
Motor vehicles
7,40
Motors, electrical
34
Newspaper advertising
,
«
6,7
Newsprint
35
New York Stock Exchange
19
Oats . . .
__
27
Oil burners.,
.
33
Oils and fars_..__
- 4,24,25
Oleomargarine
25
Operating businesses and business turn-over
3
Orders, new, manufacturers'
..—
2
Paint and paint materials
4,25
Paper and pulp
2,3,4,10,11,13,14,35
Paper products
35
Passports issued
22
Pay rolls, manufacturing and nonmanufacturing industries
12,13
Petroleum and products
2,
3,4,10,12,13,14,17,36,37
Pages marked S
Pig iron
.........
...
32
Plant and equipment expenditures
Plywood
...
...
111*1111" 31
Porcelain enameled products....... . . i
32
.*.
28
Pork.......................... ..
7
Postal business.....
.
mm.
15
Postal savings
Poultry and eggs...
.— 1,3,28
Prices (see also individual commodities):
Consumers' price lades.
...............
4
Received and paid by farmers.*....—•«.<»...
3
Retail price indexes
...
-...
4
Wholesale price Indexes.
.
.
4
Printing
. 2,10,11,13,14,35
Profits, c o r p o r a t i o n . . . . . . . . . . . . . . . . . . . . . . . .
17
Public assistance...
14
Public utilities
4,5,11,12,13,14,17,18,19,20
Pullman C o m p a n y . . . . . . . . . . . . . . . . \ . . . . . .
22
Pulpwood
,
..
.........
34
Pumps
........
34
Purchasing power of the d o l l a r . . . . . . . . . . . . . .
S
Pyroxylin coated fabrics
—...—.
—
39
Radio a d v e r t i s i n g . . . . . . . . . . . . . . . . . . . . . . . . .
o
Railways, operations, equipment,financialstatistics, employment, wages __.....
11,
12,13,14,17,18,19,20,22,40
Railways, street (see Street railways, etc.).
Rayon, and rayon manufactures. 2,4,10,12,13,14,39
Receipts, United States Government
.....
17
Reconstruction Finance Corporation, loans...
18
Rents (housing), index
............
4
Retail trade, all retail stores, chain stores,
department stores, mail order, rural sales,
general merchandise
. . . . . . . . . - . . — 7,8,9
Rice
27
Roofing, asphalt....
............. ..
37
Rosin and turpentine
. ..
...
24
Rubber, natural, synthetic and reclaimed,
tires, and tubes.
*. . . . . * . . .
37
Rubber industry, production index, employ*
ment, pay rolls, hours, earnings....
...•
2,
3,10,12,13,14
Savings deposits . .
.
...
.
...
15
Sewer pipe,day
......
.
37
Sewing machines.
.
..
34
Sheep and lambs.
.
....—
27,28
Shipbuilding
10,11,12,13,14
Shipments, manufacturers'....
.. .....
2
Shoes
2,4,7,8,10,12,13,14,30
Shortenings....
........
...
25
Silver
....
17
Skins
,.
29
Slaughtering and meat packing. 2,10,12,13,14,27, 28
Soybeans, and soybean oil
. . . . . . . . . . . 24, 25
Spindle activity, cotton, wool.
39
Steel ingots and steel manufactures (see also
Iron and steel)..
.
. - . ...
32
Steel, scrap
31,32
Stocks, department stores (see also Manufac*
turers* inventories)
.
9
Stocks, issues, prices, sales, yields
. . 19,20
Stokers, mechanical
.
..
34
Stone, clay, and glass products
.
1,
2,10,11,12,13,14,37,38
Stoves
.
33
Street railways and busses
11,12,14
Sugar
28, 29
Sulphur
23
Sulfuric acid
23
Superphosphate.. . . .
.......
. ..
23
Tea
29
Telephone, telegraph, cable, and radio-telegraph carriers
11,12,14,17, 22
Textiles
2,3,4,10,11,12,13,14,38,39
Tile...
..:
—.... —
38
Tin
33
Tires and inner tubes
...
37
Tobacco
2,10,11,13,14.29
Tools, machine
10,11,12,13,14.33
Trade, retail and wholesale
;.. 7,8,9,11,13,14
Transit lines, local
....
21
Transportation, commodity and passenger.... 21, 22
Transportation equipment
1,
2,9,10,11,12,13,14,17,40
Travel
21, 22
Truck trailers
.
——. _ .
40
Trucks and t r a c t o r s . . . . . . . . . . . . . . . . . . . . . . .
40
Turpentine and r o s i n . . . . . . . . . .
.
24
Unemployment-_.
.--—......_......._
9
United States Government bonds... . . . 17,18,19
United States Government,
finance..—
17,18
Utilities
4,5,9,12,13,14,17,18,19,20
Variety stores
...
....
7, 8
Vegetable oils
. . 24, 25
Vegetables and fruits
.
. . 2,3,4,26
Vessels cleared in foreign t r a d e . . . . . . . . . . . . .
22
Veterans' unemployment allowances...
...
12
Wages, factory and m i s c e l l a n e o u s . . . — . . . . . 13,14
War expenditures
...........—..-,.......i.
17
War Savings Bonds
.,
..
.......
17
Warehouses, space o c c u p i e d . . . . . . . . . . . . . . . .
7
Water heaters
33
Water transportation, employment, pay rolls.. 11,13
Wheat and wheat flour . . . . . . . . . . . . . . .
27
Wholesale price indexes
. .
.. ..
4
Wholesale trade
— ..
.....
9
Wood pulp
4,34
Wool and wool manufactures.. 2,4,10,12,13,14,39
33
Zinc—
mmm
Now Available
Statistical Abstract
of the
United States—1946
67th ANNUAL EDITION
This volume brings together the important summary statistics on population, trade, production, finance, and numerous other subjects. It is a selection of the statistics most widely used
by businessmen, public officials, professional workers, and many other persons to meet day-today needs for factual information. The source of each statistical table is shown and a bibliography of sources of statistical data is included. Thus, in addition to furnishing the most
widely used statistical information, this volume serves as an effctive index or guide to available
statistical data. Subjects covered are indicated in the list of section titles listed below:
*
*
*
SECTION TITLES
18. Power
19. Public Roads and Motor Vehicles
20. Transportation, Air and Land—Steam
and Electric Railways, Express Com*
panics, Motorbusses, and Civil Aeronautics
21. Waterways, Water Traffic, and Shipping
22. Irrigation and Drainage
23. Farms—General Statistics
24. Farm Production and Related Statistics
25. Farm Animals and Animal Products
26. Farm Crops and Foodstuffs
27. Forest and Forest Products
28. Fisheries
29. Mining and Mineral Products
30. Construction and Housing
31* Manufactures
32. Foreign Commerce of the United States
33. Commerce of Territories and Possessions
34. Distribution and Services
Bibliography
Index
1. Area and Population
2. Vital Statistics (including health and
medical care)
" 3. Crime and Criminals
4. Immigration, Emigration, and Citizenship
5* Education
6. Climate
7* Public Lands
8* Labor Force (including employment,
hours, and earnings)
9. Military Services and Veterans' Affairs
10. Social Security and Related Programs
11. Income and Expenditures
12. Prices
13. Elections
14. National Government Finances
15. State and Local Government Finances
and Employment
16. Banking and Finance
17. Communication Systems (including
postal service)
*
*
*
19O51 pages bound in buckram
Price $2.25; make check payable to Treasurer of the United States. Order from
Superintendent of Documents, Washington 25, D. C.
@FedFRASER