Full text of Survey of Current Business : April 1952
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APRIL 1952
ism
U. S. DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
OFFICE OF BUSINESS ECONOMICS
SURVEY
OF C U R R E N T
BUSINESS
DEPARTMENT OF C O M M E R C E
FIELD SERVICE
Albuquerque, N. Mex.
203 W. Gold Ave.
Mobile 10, Ala.
109-13 St. Joseph St.
New Orleans 12, La.
333 St. Charles Ave,
Charleston 4, S. C.
Area 2,
Sergeant Jasper I?3dg.
New York 36, N. Y;
2 West 43d St.
Cheyenne, Wyo.
308 Federal Office Bids.
Oklahoma City 2, Okla.
114 N. Broadway
Chicago 1, III.
221 N. LaSalls St.
Omaha, Nebr.
403 So. 15th St.
Cincinnati 2, Ohio
105 W. Fourth St,
Philadelphia 7, Pa.
1015 Chestnut St.
Phoenix, Aria.
808 N. First St.
Dallas 2. Tex.
1114 Commerce St.
Pittsburgh 22, Pa.
717 Liberty Ave.
Denver 2, Colo.
142 New Custom House
Portland 4, Oreg.
520 SW. Morrison St,
Detroit 26, Mich.
1214 Griswold St.
Providence 3, R. I.
327 Post Office Annex
El Paso, Tex.
Chamber of Commerce
Blclg.
A P R I L 1952
Minneapolis 2. Minn.
607 Marquette Ave.
Cleveland 14, Ohio
925 Euclid AT*,
P^l
Milwaukee 2, Wie.
207 E. Michigan St.
Butte, Mont.
306 Federal BWjj.
\»\ No. 4
-^nrlSrl
Baltimore 2, Md.
200 E. Lexington St.
Buffalo 3, N. Y.
117 EUicott St.
v ..JE -y
HM
Miami 32, Fla.
36 NE First St
Boston 9. Mass.
40 Broad St.
Vol. 32 ftf
Memphis 3, Teiin.
229 Federal Bid*.
Atlanta 3, Ga.
86 Forsyth St. NW.
/^"^Sfr.
/®l/X^55d^N3&\
Reno, Nev.
1479 Wells Ave.
Hartford 1, Conn.
135 High St.
Richmond, Va.
400 East Main St.
>S4T£SO|XX'
^^*"\
l^ontenfo
PAGE
THE BUSINESS SITUATION
Expansion of Capacity in the Postwar Period . . . .
Recent Price Developments .
. .
New Construction Activity in 1952
*
*
*
SPECIAL ARTICLES
Business Investment and Sales in 1952
Consumer Markets for Durable Goods
*
1
3
4
9
13
19
*
MONTHLY BUSINESS STATISTICS . . . . S-l to S-40
New or Revised Statistical Series
Statistical Index
.
24
Inside Back Cover
Houston 2 Tex.
1018 Preston Ave.
.
1114 Market St.
Jacksonville 1, Fla.
311 W. Monroe St.
Kansas City 6, Mo.
903 McGee St.
San Francisco 2, Calif.
870 Market St.
Los Angeles 15, Calif.
112 West 9th St i
Published by the U. S. Department of Commerce, C H A R L E S S A W Y E R ,
Secretary. Office of Business Economics, M. JOSEPH M E E H A N ,
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Salt Lake City 1, Utah
109 W. Second St., So.
Savannah, Ga.
125-29 Bull St.
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631 Federal Bldj.
Seattle 4, Wash.
123 U.S. Court House
For local telephone listing, consult section
devoted to U. S. Government
APRIL 1952
THE
Record capital investment in 1952
programed by business . . .
Billion
Dollars
150 —
will bring postwar
fixed capital outlays
of corporations to
$124 billion . . .
or nine-tenths of the
book value of such
assets at the end of
1945, amounting to
$140 billion.
SITUATION
By the Office of Business Economics
too —
JDUSINESS activity continued its slow over-all advance
throughout the first quarter of 1952, with the easing of
materials shortages the principal new element in the situation. Improved material availabilities have made possible
an expansion in residential construction and renewed
activity in other major types of private and public construction. They have also permitted larger allocations to
be made for the production of consumers' durable goods in
coming months and aided the supply situation in other
metal-using industries.
Seasonally adjusted sales by manufacturers, wholesalers,
and retailers, which had been easing off toward the end of
1951, have all moved up moderately. Production gains
continued to fall behind sales movements, however, as inventory accumulation by nonfarm businesses gave way in
February to limited liquidation. Industrial output edged
slightly higher and employment was steady except for
seasonal changes. Shifts in the strength of demand in the
various sectors of the economy did not disturb the relative
stability in average prices which has prevailed in recent
months.
The generally stable pattern of total production continues
to be accompanied by a level rate of personal income. With
slight increases in nonagricultural income cancelled by the
effect of easing farm prices, personal income has shown only
small and irregular changes since last October.
The previous steady advance in hourly earnings of manufacturing employees was not extended into February, but
negotiations for new labor contracts in major industries
apparently presage a resumption of momentum in this area.
Following the failure of negotiators in the labor-management
dispute in the steel industry to reach agreement before the
strike deadline set for April 9, the Government seized the
steel plants. By this action stoppage of the flow of steel to
the defense industries was avoided.
50 —
0—
Fixed capital investment was almost
three-fifths o f . . .
^al^ corporate fund
requirements from
1945 through 1951
of $.178 billion . . .
USES OF FUNDS
Investment and Government outlays strong
the larger part of
which was financed
from internal sources.
SOURCES OF FUNDS
& DEPARTMENT
OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
994179°—52
1
82-47
According to the latest survey of business intentions, the
stimulus to economic activity provided by business outlays
for new plant and equipment in the recent past was again
present in the first quarter, though such expenditures are
now leveling out. Managements' plan to spend about 4
percent more for new fixed capital in 1952 than last year, but
by the first quarter, outlays had already attained the average
volume indicated for the year. The sustained high rate of
investment in plant and equipment will furnish an important
element of stability to the economy throughout 1952.
National security expenditures, the other strongly expansionary force in 1951, moved up by an annual rate of nearly
SURVEY OF CUEEENT BUSINESS
$4 billion in the first quarter. Though below the quarterly
gains earlier in the defense program, expansion in this area
continues a dominant factor in the production picture. In
accordance with the recent pattern, current gains continue to
be concentrated in "hard goods." Deliveries of these "hard
goods"—planes, tanks, other weapons, etc.—rose to $5
million in the first quarter- -up more than a third from the
final quarter of 1951.
Consumer dollar spending equals early 1951
Consumers continue to spend cautiously, with the saving
rate remaining high, but small increments in buying in each
of the past three quarters have restored their dollar outlays to the high point reached in early 1951 when the second
post-Korean buying wave was under way. Consumers are
distributing their expenditures quite differently, however,
and volume is less.
TOTAL CONSUMER EXPENDITURES are now
equal to a year ago . . .
with expenditures for
food and housing
5 percent higher . . .
Billions of
Dollars
100 ~
while expenditures
for autos & parts
and furniture &
housefurnishings
are more than
one-fifth lower . . .
and expenditures
for other items
are about the same.
80 —
60 —
40 —
April 1952
have maintained their real purchases on food and shelter
while curtailing their purchases of various types of postponable hard goods.
Retail sales recovering
Ketail trade has shown a moderate improvement in tone
compared with the year-end. Seasonally adjusted sales
in February at $12.9 billion were up about 3 percent from
the fourth quarter and were less than 3 percent below the
first quarter high of the year 1951.
The recent sales gains occurred primarily among the
durables where earlier declines had been sharp. With
increasing allotments of scarce materials to the automotive
and construction industries, rising production in these
sectors has been reflected in expanded sales at the consumer
level. In the automotive and building material and hardware groups, February sales, on a seasonally adjusted basis,
had advanced by about 10 percent from the fourth quarter
level of 1951. Sales in the homefurnishings group also
advanced but more modestly.
Trade activity in the nondurable sector was little changed
Sales tended to edge up only slightly from the fourth quarter
of the previous year. The only major group showing a
downtrend in the last few months has been the general
merchandise category, dominated by department stores,
in which February sales were off about 2.5 percent from the
year's end. Food stores which account for nearly twofifths of all nondurable goods sales maintained the high
level reached at the end of the year despite the decline in
prices of a number of food items.
The emphasis on cutting down excessive retail inventories, which was a dominant factor in 1951, has disappeared
in a number of important items. The steady liquidation
of retail stocks which had continued since the middle of
1951 was arrested. The rise in inventories in February,
though slight, was the first increase indicated since May of
last year. The only significant retail trade group in which
inventories declined in February was the automotive category and this resulted from increasing sales relative to
production rather than from liquidation of excessive stocks.
The decline evident for these establishments was offset,
however, by a rise in inventories at building materials and
hardware stores.
The behavior of retail stocks was in contrast to that of
total business inventories, which, on a physical-volume
basis, declined in February for the first time since mid-1950.
Metal supplies easier
20 —
1950 1951 1952
1950 1951
FIRST QUARTER, SEASONALLY ADJUSTED, AT ANNUAL I
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
52-53
More dollars are being spent for food and shelter and
less for durable items. Expenditures on food and housing
have risen by about $5 billion, at annual rates, or 5 percent
over the past year. This increase was about offset by a corresponding decline in expenditures on automobiles and parts,
furniture, and household equipment. The other categories
of expenditures are at nearly the same rate as a year ago.
In view of the higher food prices and rents compared with
last year—about 5 percent higher—it is clear that consumers
Since the turn of the year the supply position of controlled
materials has improved appreciably. This development,
which became evident during the course of the first quarter,
means that the cut-backs of civilian-type goods will not be
so severe as earlier programed.
The easing in the supply situation may be attributed to
several developments. First, is the near-completion of the
build-up of materials inventories required to get large-scale
defense production under way and the "stretching-out" of
defense production schedules. Defense agencies were not
able to use all of the controlled materials which were originally allotted to them in the first quarter and hence additional supplies were available for industries producing
civilian goods. Second, is the increase in total supplies
resulting from expansion in basic capacity and increased
imports. For example, steel mills in March produced a
record 9.4 million tons of ingots to bring the first quarter
total to an unprecedented 27 million ingot tons. Third,
as already pointed out, was the slowing-down in the rate of
SURVEY OF CURRENT BUSINESS
spansion in business investment goods, thus requiring
rogressively smaller incremental amounts of controlled
laterials.
Metals still in short supply relative to demand include
opper and such steel products as hot and cold rolled bars,
.eavy plates, and pipe. Even these are less tight than a
ew months ago. Sheet and strip, largely consumed in the
production of automobiles and appliances, apparently are in
)etter supply.
As a result of these developments, the Government has
^aken several actions to ease controls and facilitate the movenent of available materials into the production of civilianyype products. The National Production Authority increased by substantial amounts the allotments of materials
tor the production of civilian-type products and for industrial,
commercial, and public works construction. Output limitations for a large number of products were raised or removed.
Permission was afforded users of controlled materials to
receive or to borrow such materials 15 days in advance of the
quarter for which the allocations are issued. Inventory
regulations were modified by removal of inventory controls
from 25 products and by raising inventory limitations from
45 to 60 days on four other commodities.
The increased availability of materials will permit substantial increases in the production of passenger cars, trucks,
tractors, railroad equipment, and most consumer-type products, as well as in commercial and residential construction.
In the automobile industry, for example, the higher allocations will permit in the second quarter the production of
120,000 more passenger cars than previously authorized, with
the ceiling for the second quarter stepped up to 1,050,000
units. This compares with permitted assemblies of close to
1 million in the January-March period. In the third quarter
the ceiling will be raised to 1,150,000 cars, according to present plans announced by NPA. In the corresponding period
a year ago, output was 1,200,000.
For consumer durables, other than automobiles, allocations
of materials for the second quarter were unchanged from
those originally set late in 1951, but manufacturers desiring
additional quantities are encouraged to file applications for
supplemental allotments. In the third quarter, producers
will receive about 55 percent of steel, 35 to 40 percent of copper, and 45 percent of aluminum consumed in their preKorean base period, somewhat higher proportions than were
allotted in the first quarter.
Farm supplies may increase
The prospects for some moderate improvement in farm
products in 1952, especially for foods, are encouraging. The
number of cattle on farms has reached a record volume and
an increase in beef supply, which has been evident in the
first quarter of 1952, is expected to continue throughout the
remainder of the year. Larger hog slaughter in the early
months of 1952 than a year earlier may be reversed, however,
after mid-year as farmers curtail pig production.
On the basis of farmers' planting intentions reported to
the Department of Agriculture on or about March 1, crop
acreage may be slightly less than last year. Farmers were
planning at that time to plant considerably fewer acres of
corn and other feed crops—than the goal that had been set—so
as to provide for a greater livestock production. Subsequent
developments, including farmers' reactions to the prospective
planting report may, of course, make the acreage actually
planted different from that reported as planned.
Expansion of Capacity in the Postwar Period
'ITH information now available on fixed capital investment plans of businessmen for 1952—analyzed in an article
in this issue of the SURVEY—it is possible to measure the
tremendous expansion in the productive capacity of the
country in the seven years of the postwar period. The top
panel of the chart on page 1 high lights the huge volume of
fixed capital investment by corporate business in this period.
The aggregate dollar value, amounting to $124 billion in
the period 1946 through 1952, compares with a book value
of gross (undepreciated) capital assets of corporations totaling about $140 billion at the start of the period. This comparison gives an idea of the size of the postwar expenditures
on fixed capital programs, though additions to capacity
were not so great as the comparison of these unadjusted
dollar value figures would suggest. On the one hand, the
1945 book value of capital assets reflects for the most part
original cost of equipment which averaged substantially lower
than replacement cost at that time, and on the other hand
the postwar outlays were incurred at substantially higher
prices than those prevailing at the end of the war.
Manufacturing capacity expanded one-half
From the available data, it is possible to indicate only in
a rough way the order of magnitude of the net postwar in
creases in capacity in some of the major segments of the
economy. If current plans for 1952 investment expenditures
are realized, outlays by manufacturers—which for the period
as a whole constitute almost half of total fixed capital outlays—will by the end of the year have added in the neighborhood of 50 percent to their capacity.
Even allowing for a margin of error in this estimate, the
result is indeed both impressive and unprecedented. It
made possible the record outpouring of goods from the
Nation's factories, and the maintenance of our high standard
of living at the same time we were rebuilding our armed
strength. The investment has added greatly to employment, and to the efficiency of the operations of the economy.
Within manufacturing, the additions to capacity have
varied considerably in relative size depending on such factors as market demand, the state of technology of the industry and the development of new products. The largest
relative gains among major industry groups occurred in electrical machinery, nonelectrical machinery, and chemicals. In
these areas, facilities by the end of 1952 may be about double
capacity available at the end of 1945. Capacity in petroleum—the largest single industry in dollars of investment—
will be up by about 50 percent.
Gains in many other major manufacturing segments, while
not so large relatively, are very important in that they made
SURVEY OF CURRENT BUSINESS
possible expansion of a wide variety of finished goods. For
steel ingots for example—where some retirement of facilities
took place in the early postwar period—the net expansion
since 1945 is one-fourth, or about 30 percent if measured
from the end of 1946 when the major share of retirements had
been accomplished. In a number of basic industries closely
related to the current defense effort substantial additions to
capacity are now scheduled to continue beyond 1952.
New product expansion
Increases in capacity are notable in plants producing new
products such as television, electronics, plastics, the newer
synthetic fibres, and antibiotics. Most of these products are
in their early stages of development and undergoing rapid
technological improvement. Investment data are not
generally available, but information on growth in output
indicates large additions to capacity. Output of synthetic
resins and plastics, for example, rose from 800 million pounds
in 1945 to nearly 2.5 billion in 1951. In the field of antibiotics,
the expansion has been even more striking. Penicillin output, for example, which was negligible quantity-wise as late
as 1945, rose more than ten-fold from 1946 to 1951.
Among the nonmanufacturing industries, some important
segments such as the utilities, will have expanded at a pace
equaling or exceeding the pace in manufacturing. Private
electric utilities, it is expected, will have by the end of the
year generating facilities approximating 86 million kilowatthours a year as compared with 50 million kilowatts at the
end of 1945, or three-fourths more. In other sectors, such as
the railroads, the increases have not been large, though the
efficiency of operations has been very materially improved—
as in the instance of tractive power.
Financing total capital requirements
While fixed investment programs have dominated the overall capital requirements of corporate business it is clear from
the middle panel of the chart on page 1 that corporations also
added substantial sums to their working capital. These were
mainly in the form of inventories and credit granted to their
customers—additions required by the substantial rise in
business activity and in the price level during the postwar
period.
April 1<
The huge expansion both in the productive facilities of t
country and in net working capital was facilitated by fa
financial developments—the substantial volume of retain
earnings and the low cost of borrowed funds. With high ai
expanding business activity it was possible to carry out
large part of this investment without recourse to outsi<
sources of financing. The need for such outside funds varie
of course, among different lines and more so among differei
companies.
The lower panel of the chart indicates the manner in whi<
over-all capital requirements were financed. With risii
profits accompanying the other favorable business trenc
and with dividend policies following rather conservath
lines, corporate businesses were in a position to finance ov<
$60 billion, or 35 percent of requirements, from net retaine
earnings. An additional sum of $40 billion, or over on<
fifth of total requirements, was represented by depreciatio
allowances.
Almost $45 billion was raised through such external finam
ing as the sale of bonds, borrowing from financial institi:
tions, and issues of capital stock. External debt financin
accounted for about 20 percent of total requirements whil
stock issues supplied 5 percent of the new money require
ments. Thus, internal financing from funds retained fron
operations—retained profits and depreciation—were mor
than twice as large as funds obtained from these externa
sources. The remaining sources of financing, accounting fo
about $35 billion, represented increases in supplier credit;
and the excess of Federal tax accruals over actual tax pay
ments, which under conditions of rising taxes provided som<
temporary funds which could be used for short-term financing
It is interesting to note that in the early part of this
period, as a result of the excess liquidity built up during the
war, business was in a position to finance a part of its capital
requirements by drawing on liquid assets. However, as this
excess liquidity diminished and business expansion continued, corporations again increased their liquid assets to maintain them at a level considered desirable for working-capital
purposes. Currently the liquidity position of industry,
while not so high as at the end of the war, compares favorably with other periods of prosperous business such as prevailed in the twenties.
Recent Price Developments
J[ RICE readjustments in particular commodities have
occurred within a price structure which in the aggregate
has not shown marked variation. These developments have
centered increasing interest on the shifts in the supplydemand relationships which ha,ve produced these varied
results. It should be kept in mind that over the past year
the movements of the two major indexes were within a range
of 3 percent of the year-ago figure for March. The consumer's price index advanced 2 percent, while the index of
all wholesale prices fell 3 percent.
Consumer prices in February were only very slightly off
from their January top—about one-eighth above their
December 1949 level. Wholesale prices were up somewhat
more—15 percent.
Demand pressures unequal among markets
While the demand pressures have eased from the hectic
period of a year ago, and speculative influences have played
a less important role recently, the basic trend in income has
continued upward. Hence the rapid price advances of 1950
and early 1951 were, broadly interpreted, arrested rather
than reversed.
Demand pressures in different sectors of the economy were
of varying strength in both the upsurge and over the latest
year. So far as final products are concerned, these variations are suggested by the behavior of expenditures for the
goods contained in the gross national product. Aggregate
expenditures for all goods expanded 31 percent between the
SUKVEY OF CURRENT BUSINESS
pril 1952
nal quarter of 1949 and the first quarter of 1951. Pressure
/as exerted by business investment which approximately
iQubled over that interval, with business inventories rising
aost of all; by government purchases from business and
government stimulus to capital expansion; and by the upBUSINESS EXPECTATIONS of inflation have been
revised downward since the spring of 1951
INDEX, AUG. 1939 = 100
400
SPOT MARKET PRICES
(28 COMMODITIES)
B.L.S. DATA
300
-
200
-
IOO
MANUFACTURERS' NEW
ORDERS
(NET
VALUE)
20 -
I 5
RATIO
6
RATIO OF STOCKS PLUS OUTSTANDING ORDERS
TO SALES, 296 DEPARTMENT STORES
Supplies likewise expanded unevenly
The extent to which supplies expanded in response to the
spurt in demand during the upswing of 1950 was also a factor in accounting for the different extent of the rise in the
prices of various commodity groups. Because of the existence of considerable idle manufacturing capacity in December
1949, industrial production rose rapidly as new orders received by manufacturers grew. In agriculture, where supply can only slowly be adjusted to changes in demand and
where the weather factor is so important in determining
short run changes, the physical volume of agricultural products marketed was declining at the very time that consumer
disposable income was rising most rapidly. This divergent
movement of supplies was one factor accounting for the
much larger rise of farm product prices and foods than for
industrial commodities.
Since last spring, however, the basic supply situation has
improved in some segments, and there has been apparent a
more nearly correct appraisal on the part of buyers of the
supply-demand picture. Once anticipatory buying by consumers and inventory accumulation by businesses were
ended, the deficiency of supply in many commodities disappeared. It is a truism, of course, that a small deficiency
can be magnified into a market scramble that can cause much
inflation in prices. The Government controls were a factor
in removing much of the buying incentive.
Farm marketings have increased in volume and part of
the large rise in farm product prices has been cancelled. In
industry, the large volume of new plant and equipment put
in place has increased productive capacity. The slight easing in industrial production—confined chiefly to consumer
goods—has reflected in part metals limitations but mainly
the smaller unit purchases by consumers, rather than any
general shortage of productive resources or a general supply
pinch.
Raw material prices most sensitive
(BASIC DATA FED. RES. BO.)
Changes in demand relative to supply typically result in
wider movements of raw material prices than for prices of
finished products. This is true partly because producers of
Table 1.—Differential Wholesale Price Movements
1952
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
surge of consumer demand for a wide variety of goods, and
for new housing.
Over the last year these demand pressures underwent
striking relative shifts. Aggregate demand for all goods
lost much of the momentum it had acquired during the boom
phase and expenditures rose only 3 percent as against 31
percent in the previous period. The keenest demand
pressure during this last year has been that represented by
government purchases from business, which rose nearly 60
percent over the period. Business investment, which had
shown the largest relative acceleration during the earlier
phase was actually about 10 percent lower in the first quarter
of this year than the corresponding period a year ago as a
result of shifting inventory movements. Consumer purchases of goods are currently, after an intervening decline,
about back to their dollar value of a year ago, but with buying
of durable goods in the 1952 first quarter one-fifth below
that of the same quarter of 1951.
March
February
February
1951 as per- 1952 as per- 1952 as percent of
cent of
cent of
March
December
December
1949
1951
1949
Commodity group
119
97
115
132
119
117
92
98
97
121
116
114
123
130
10f>
121
154
88
79
100
95
93
108
102
106
115
143
Lumber a n d wood Droducts
_____
Pulp, paper, and allied products
Metals and metal products
Machinery and motive products
Furniture and other household durables
128
125
119
112
113
95
98
100
103
98
121
123
119
115
lift
Nonmetallic minerals, structural
Tobacco manufactures and bottled bcvcraires.
Miscellaneous
109
107
111
99
102
107
108
110
119
All commodities
Farm products
Food s, processed
Commodities other than farm products and foods.
Textile Droducts and apparel
Hides, skins, and leather products. . _ Fuel, power, and lighting materials
Chemicals and allied products _ __ .
Rubber and products
_
Source of basic data: U.S. Department of Labor, Bureau of Labor Statistics.
raw materials cannot adjust current output to changes in
demand as soon as manufacturers can.
With the volume of farm marketings during 1950 shrinking somewhat in the face of the increased demand, raw farm
product prices rose most. Industrial raw materials also
SUEVEY OF CURRENT BUSINESS
6
moved substantially higher in price, however, and in response
thereto, producers boosted the output of raw minerals and
forest products sharply during 1950.
The decline of raw material prices since the spring of 1951
is a clear indication of the increasing adequacy of supplies
relative to an aggregate demand more in line with current
requirements for use. Prices of raw materials from farms
and those from nonfarm sources have reflected this adjustment in about equal degree.
Fabricated products stable after rise
Prices of fabricated products have not experienced the
wide swing of raw material prices. These prices normally
move more sluggishly. This divergence can be accounted
GAP between wholesale and retail prices has
narrowed during past year.
INDEX, DEC. 1949 = 100
125
120
WHOLESALE PRICES
(ALL COMMODITIES)
115
x~-%
110
CONSUMERS1 PRICES
(ALL ITEMS)
105
100
BASIC INDEXES, B. L. S.
I
95
1950
i i i i i | \ i i
1951
April 19,
by the differential changes in the example of meats an
automotive tires and tubes in the accompanying chart.
The similarity of the rise in meat and tire and tube price;
notwithstanding the difference between the behavior of th
raw materials, is chiefly accounted for by the fact that th
cost of livestock constitutes approximately three-fourth
of the cost of meats while crude rubber makes up only abou
one-fourth of the cost of tires and tubes. The rise in wag
costs was roughly similar in both industries, about one-fiftt
Profit trends, however, varied in the two industries.
Labor costs are also higher but more difficult to measur
than material costs. Average hourly earnings in manul'actur
ing industries in January 1952 were 15 percent higher afte
adjustment for overtime worked than they had been ii
December 1949, while in wholesale and retail trade, hourb
earnings were up 14 percent. However, the rise in averag(
hourly earnings overstates the rise in per unit labor COST
because over the same period of time output per man-houi
has also increased. Just how much it has risen varies, oi
course, from industry to industry but the average output pei
man-hour has probably risen about 6 percent, or 3 percent per
year—which corresponds to the secular growth rate of output per man-hour in manufacturing established for the prewar period. In any case, it is clear that unit labor costs,
under conditions of expanding output, are up considerably
less than the rise scored by average hourly earnings. Where
a large reduction in output has followed a similar fall in
demand, however, business has been definitely faced with the
problem of getting its costs down.
Freight costs paid by shippers are up about 5 percent.
The Interstate Commerce Commission has authorized rate
increases averaging 6.6 percent but since authorities in some
States refused permission to apply the increases to intrastate traffic, the increases actually in effect are estimated to
average about 5 percent.
Overhead costs have also risen since December 1949 but
little information is available to measure just how much.
Such overhead elements as salaries, business services, rents,
interest, and indirect business taxes and other free and
Table 2.—Wholesale Price Movements of Four Major Groups
i i
[Index numbers, 1947-49=100]
1952
1
j
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUS/NESS ECONOMICS
52-50
for largely by the more moderate and slower response of
labor and other costs in comparison to raw materials costs,
as well as by the lags experienced in translating shifting
material prices into quotations on finished goods. This
lag varies considerably with individual commodities. It
was thus possible for raw material prices to increase 28
percent between December 1949 and March 1951 while the
prices of manufactured goods were rising about half as
much—or 16 percent. Since then, however, wage rates,
freight rates and other cost factors have continued to rise
so that despite the decline in raw material markets from
peak quotations, the prices of manufactures have, on the
average, moved virtually sideways.
The greater increases in the prices of some fabricated
products compared to others up to a year ago and their
greater downward adjustments during the past year are
in most cases accounted for to a large extent by the movements of their respective raw material prices and the importance of material costs in total costs. In table 3 the movements of manufactured goods prices are compared with the
prices of their principal raw materials. Correspondence is
closest where raw material costs form a large proportion
of the final cost of the product. This may be illustrated
Commodity price groups
March
1951
December
1949
March February February
1952 as
1952 as
1951 as
February percent of percent of percent of
1952
December March December
1949
1951
1949
P r e d o m i n a n t l y raw and
semimanufactured products prices:
Farm
_ _. . . _
Nonfarm
_
Farm and nonfarm,
combined
89.1
99.5
117.6
123.4
107.8
116.9
132.0
91.7 :
121.0
124.0
94.7 :
117.5
120.7 '
112.7
127.5
93.4
119.0
94.3
100. 4
112.0
115.3
109.7
113.4
118.8
114.8
97.9
98.4
116.3
112.9
99.0
114.5
112.6
115. 7
98.3
113.7
94.7
|
Predominantly finished
manufactures prices:
Foods
Nonfoods
Foods and nonfoods, combined..
Source of basic data: U. S. Department of Labor, Bureau of Labor Statistics.
license charges, imposed largely by State and local governments, currently average somewhat higher than two }^ears
ago. Fuel, power and lighting costs are up more than 6
percent.
Many consumer prices still moving up
Despite the readjustments which have occurred, consumer
prices accounting for nearly 60 percent of the consumer
SURVEY OF CURRENT BUSINESS
April 1952
budget were at a peak in February. While this figure,
derivation of which is shown in table 4, is based on group
indexes, and individual price components may thus be misclassified as above or below their peaks, the table indicates
the areas of strength and weakness. The chief declines
have occurred in commodities whose raw materials are lower
in price, especially certain foods, and in cases where supplies
have overreached demand as with television sets. But the
Influence of controls on prices
The fact that the average of all wholesale prices declined
after reaching a peak in March of last year and that the rise
of consumer prices was slowed down after that time, is explainable by the combined influences of moderated demand;
increased supplies—in some cases actual increases and in
others increases over what was anticipated; and Government
controls. The influence of controls over prices, wages, sal-
Differential price movements largely reflect different
supply-demand relationships and expectations in earlier
general inflationary rise and in more recent adjustments
INDEX, DEC. 1949 =100
160 —
trend of consumer service prices— of which many are not
subject to controls—is still upward. Furthermore, some of
the declines that have occurred are partly— and in the case
of eggs and fruits and vegetables, largely—seasonal in character.
-.
Table 3.—Relative Movements of Raw Materials and Finished
Product Prices
150
[Based on indexes, 1947-49=100]
RUBBER 8 PRODUCTS
140 r-
130 —
I 20 ~
FARM PRODUCTS
HO
\ HIDES, SKINS a
LEATHER PRODUCTS
1951
1949
1952 as
119
97
115
128
116
93
98
119
114
128
119
145
134
12,3
111
117
112
95
98
86
94
102
108
102
100
121
116
125
126
126
119
119
112
184
110
149
130
285
163
189
162
70
97
89
85
41
70
89
89
129
108
132
111
118
113
167
144
150
121
101
111
104
104
95
48
95
100
99
99
103
100
71
114
101
110
102
106
95
128
220
119
125
111
101
104
249
132
135
97
45
94
96
101
104
102
81
100
90
125
98
112
120
112
105
107
202
132
122
Lumber
__
.
Millwork
Wood household furniture, .
._
Woodpulp and wastepaper
Paper and converted paper and paperboard
products
129
123
117
146
95
97
97
84
123
118
113
123
120
99
119
Iron ore and iron-steel scrap
Finished steel
Nonferrous metals
Machinery and motive products
_
_ ._
Household appliances, radio, and television,.
Leaf tobacco ___ .
Cigarettes
137
112
137
98
100
100
103
100
100
102
135
112
137
115
104
111
104
__
Plant and animal fibres
Apparel
Raw cotton
Cotton products
Apparel wool
Wool products
Haw silk
Silk products
..„ PULP, PAPER 8
..
ALLIED PRODUCTS
ALL COMMODITIES
CHEMICALS 8 ALLIED
PRODUCTS
TEXTILE PRODUCTS
a APPAREL
METALS a METAL PRODUCTS
""********>* FOODS, PROCESSED
.„——•*•*"* MACHINERY a MOTIVE
PRODUCTS
HO —
Percent of
December
1952 as
Farm food products
Processed foods
Livestock
.
Meats
Milk for manufacturing
Dairy products and ice cream
Grains
Cereal and bakery products
LUMBER 8 WOOD PRODUCTS
12O -
February
Percent of
March
All predominantly raw and semimanufactured
commodities
All predominantly finished manufactures
All commodities
S.
February
March
1951 as
Percent of
December
1949
Wholesale commodity price group
NONMETALLIC MINERALS,
STRUCTURAL
Hides and skins
Footwear, leather
Petroleum, crude
Gasoline
Coal
Gas
Electricity
_
.
- __
- -.
.
Industrial chemicals
Fats and oils, inedible
- Other chemicals and products
Paint materials
Prepared paints
Fertilizer materials
Mixed fertilizers
._ _ _
Crude rubber
Tires and tubes
.
Footwear, rubber
.
. _ __
112
104
111
103
Source of basic data: U. S. Department of Labor, Bureau of Labor Statistics.
TOBACCO MANUFACTURES a
BOTTLED BEVERAGES
FUEL, POWER a
LIGHTING MATERIALS
110 —
IOO
DEC.
1949
MARCH
1951
FEB.
1952
BASIC INDEXES, B.L.S.
U. S. DEPARTMENT OF CO/V
E, OFFICE OF BUSINESS ECONOMICS
52-51
aries and consumer credit was exerted in several ways: (1)
The general price freeze of January 25, 1951, and the subsequent imposition of price ceilings altered previous expectations of the extent to which inflation would proceed and
helped to moderate demand; (2) Permissible upward adjustment in manufacturers' price ceilings were limited to actual
cost increases that occurred prior to July 26, 1951; (3) Producers absorbed all or part of subsequent cost increases; (4)
SURVEY OF CURRENT BUSINESS
8
Wage and salary controls restricted and retarded the rise in
production costs; and finally, (5) Consumer credit controls
helped in some degree to curb consumer demand for durable
goods in 1951.
Notwithstanding the current easing of inflationary pressures, it is probable that controls are still acting to repress
man}7 price increases that otherwise would occur. For those
prices that are subject to control, the basic factor determining
April 195!
their movements is the relationship to the ceiling price of the
price that is, or would be, set in a free market by the equilibrium of supply-demand forces. Market prices are thus fret
to decline in response to changing supply-demand equilibria
hence as long as ceiling price roll-backs by the Office of Price
Table 4.—Consumers Goods Prices in Relation to Recent Peaks
[Indexes, 1935-39 = 100]
Weakness of raw materials' prices has failed
to affect finished products in same degree
because of higher labor or other costs.
Importance in
consumer
budget
(percent)
Items
RATIO SCALE
INDEX, DEC. 1949= 100
All items
300
+~
TIRES 3 TUBES-Average
Hourly Earnings
„
too
189.1
187.9
99.4
190 9
217.0
347.1
145. 3
170 2
140.2
190 9
217 0
347.1
145.3
170 2
140. 2
100 0
100.0
100.0
100.0
100.0
100.0
199.4
356.4
188.3
212.6
209.0
281.0
241.4
178.3
243.4
197.5
351.8
185.1
208.6
204.3
270.8
223.5
150.9
166.5
99.0
98.7
98.3
98.1
97.7
96.3
92.5
84.6
68.4
2.4
3.4
31 9
11.1
59.0
_
_ _ _
_ __
Total items below peak
-°
February
as percent
of peak
price
39
63
Total items at peak
Items below peak prices:
Chicken
Fish
_ .
Sugar and sweets
Housefurnishings
Apparel
_
Meats
__
Fruits and vegetables
Fats and oils
Eggs
_ .
TIRES a TUBES-Prices
February
1952
100.0
Items still at peak prices:
Cereals and bakery products
Dairy products
Beverages
Fuel, electricity and refrigeration
Miscellaneous
Rent
ZOO
Peak
price
__
___
_
1.9
1.0
1.0
5.8
12.8
8.6
7.2
0.9
1.8
41.0
Source of basic data: U. S. Department of Labor, Bureau of Labor Statistics.
200
Stabilization are few, a declining tendency on the part of the
general wholesale price level is due to market factors. On
the other hand, the market prices of controlled commodities
are not free to rise above their ceilings and their ceilings are
adjusted to costs of which some important elements are also
subject to control.
The average of all prices must as a consequence be lower
than would be the case if controls were not in effect. Between
January and February, for instance, the Bureau of Labor
Statistics index of wholesale prices (1947-49 — 100) declined
from 113.0 to 112.6 as the net resultant of man}^ diverse movements. Out of 265 minor price groups reported separately:
46 price groups rose; 69 price groups fell; and 150 price groups
remained unchanged.
HIDES 3 SKINS - Prices
IOO
90
80
7O
Table 5.—Change in Wholesale Prices From Peak
200
[Based on relative weights in index]
All commodities
(percent of total
value)
Predominantly
raw and semimanufactured
commodities
(percent of
gioup value)
23.6
10.9
29.5
33.9
16.6
32.3
21.8
9.0
4.2
34.7
14.2
11.2
LIVESTOCK- Prices
Movement
At peak
MEAT PACKING-Average
Hourly Earnings
100
\
90
I
1 I
> i
I
Down from peak:
0-2 percent
2-5 percent
5-10 percent
10-20 percent
Over 20 percent
I i
150
Total
LUMBER-Prices*
Ml LLWORK-Prices
Hourly Earnings
90
d?
1950
1951
BASIC DATA, B.L.S.
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
19.2
11.6
100.0
100. 0
7.3
3.1
100.0
Source of basic data: U.S. Department of Labor, Bureau of Labor Statistics, computations
based on 100 minor group price indexes.
v--j;l...o...o...o..-°r°-"°---°---°-"°---°-"0-"r
...o—o—o \
N^ MILLWORK-Average
100
5.8
11.1
Predominantly
finished commodities (percent of group
value)
1952
52 -54
The rising prices were either moving from below up to
ceilings, or reflecting upward ceiling adjustments, or were
uncontrolled; the falling prices were responding chiefly to
supply-demand changes while the unchanged prices reflected
either balanced supply-demand positions or the restraints of
SURVEY OF CUEEENT BUSINESS
April 1952
price ceilings. As long as there are instances where demand
presses hard upon limited supplies and as long as the trend
of important cost elements continues upward, the restrictions
imposed by price ceilings will keep the average level of prices
lower than otherwise.
The accompanying table shows the different degrees to
which raw materials and finished product prices have receded
from their recent peaks. Although it is based on the movements of minor price groups rather than individual commodi-
9
ties, the table nevertheless indicates that relatively more raw
material transactions are taking place below peak prices—and
more substantially below—than is true of fabricated product
transactions; or, stated conversely, relatively more finished
products are still traded in at peak prices or closer to their
peaks than is the case with raw materials. This difference
in adjustment to changing conditions is characteristic of the
different cost-supply-demand relationships governing prices
of raw materials as distinguished from finished goods.
New Construction Activity in 1952
JL HE declining trend in aggregate new construction activity,
which had been in progress since the initial quarter of 1951,
was halted in the fourth quarter of 1951 and reversed in the
first quarter of this year. The 8- percent rise over the fourthquarter rate, after adjustment for seasonal movements, carried aggregate volume back to the quarterly peak of a year
ago. Since unit costs have increased by 3 percent or more
over the year, the physical volume is still below a year ago.
The first quarter brought plus signs in all major types of
new construction, including the private segments not directly
connected with the defense effort—residential, commercial,
and institutional, and to a smaller degree in public nondefense construction. These were the areas in which the
largest cutbacks in activity had occurred during 1951. The
chief factor in the construction pickup was an easing in the
supply of critical materials, against the background of a
bouyant demand in most segments.
The construction industry has been one of the first beneficiaries of the release of materials occasioned by the adjustment
of military schedules. In a series of actions in the latter
part of the quarter, the Defense Production Administration
approved an increasing number of applications to commence
nondefense projects, with supporting allotments to begin, as
a rule, in the final two quarters of the year. In view of the
long leadtimes involved, additional applications were invited.
Residential Building
The value of residential building put in place rose substantially in each of the first 3 months of 1952, attaining the
seasonally adjusted annual rate of $10.9 billion for the
quarter. This represents a rise of 8 percent from the final
quarter of 1951. Prices were but a minor factor in this rise.
The number of new private nonfarm dwelling units started
increased contra-seasonally in the early months of 1952. The
total of approximately 255,000 starts in the first quarter is
10 percent below the corresponding period of 1951. If this
ratio to last year's activity were maintained, total private
starts in 1952 would be close to one million.
Part of the increase in the early part of the quarter was
attributable to fears on the part of homebuilders of subsequent tightening of controls. This apprehension was
gradually dissipated when the materials situation subsequently improved. In view of the easing of material
supplies, renewed interest centers on the question as to
whether basic demand, and related financial factors, are
favorable to a continuation of the current relatively high
rate of activity.
Basic needs still strong
The basic needs for new residential construction, stemming from demographic trends, and adequacy factors as
994179°—52
2
measured by vacancies and condition of existing dwellings,
are still strong. An analysis of these factors in relation to
housing requirements will be given in detail in a forthcoming
article in this SURVEY. The main conclusions based on a
preliminary analysis are as follows: At this stage of population composition, the normal average annual increase in
households, due primarily to the net increase in marriages
and in other household-forming persons, chiefly widowed
individuals, is roughly estimated at about 700,000. Adding
to this the new dwelling units required to maintain a normal
vacancy ratio associated with the additional units, the basic
average annual demand at high levels of economic activity
for new dwelling units, exclusive of replacements, is probably
around three-quarters of a million.
Between April 1947 and April 1951, new dwelling units
have been added at an average annual rate of close to 1.5
million—of which just over one million have been new permanent nonfarm dwelling units, and the rest temporary,
seasonal, or farm dwellings. The excess of actual demand
over the computed basic rate during this four-year period
has been due primarily to (1) an annual net marriage rate
of 300,000 above normal; (2) undoubling of families and individuals living in other households at an average annual rate
of another 300,000; and (3) an increase in vacant units of
some hundred thousand a year.
It is possible that in the year ahead marriages, after having
received a new stimulus from the Korean conflict, may move
closer to normal. In any case, this source of abnormal
demand cannot be counted on as a continuing market factor.
As of April 1951, a backlog of around nearly one-third of
a million married couples remained doubled up who would
normally seek to establish their own households. It is
likely that at least part of this backlog still exists.
As of April 1950, the ratio of vacant habitable nonseasonal
units to total, while up from 1947, was 3.4 percent—compared with a more normal ratio of 5 percent. There was
some backlog of demand from this source, perhaps threequarters of a million units then and at present probably still
in excess of one-half million. This figure represents a rough
appraisal of the degree to which net additions of new units
can exceed new households without exerting a depressing
influence on rentals and on the incentives to build.
It appears that a backlog of demand for new housing still
remains, and, while less than half that in 1949, should be
sufficient to sustain a high rate of homebuilding into 1953,
assuming that economic factors and materials availability
are favorable. The longer-run outlook for sustaining a
rate of residential construction in excess of one million units
a year depends, however, upon the development of a much
larger replacement market than has existed for two decades.
Historically, this has been a very knotty problem. Some
idea of the possibilities is given by the 1950 Census of TIous-
SUKVEY OF CURRENT BUSINESS
10
ing, which revealed that 2.8 million noiifarm dwellings were
in a dilapidated condition. Alost of these were occupied.
Defense area building slow
A special need for housing has been created in the current
defense-building period by the migration of workers to areas
involved in defense production. Congress, in order to encourage this urgent construction, made special provision in
Title IX of the defense housing act for the suspension of
realty credit controls and liberalization of mortgage insurance
terms on housing programed by the Housing and Home
Finance Agency in designated critical defense housing areas.
Some 167 of these areas were certified as critical up to April
10, 1952 by the Office of Defense Mobilization, with units
programed totaling around 80,000, although estimates of
total needs have considerably exceeded this total.
Private builders, meanwhile, have given firm indication of
their desire to undertake building to meet the needs in such
areas. Applications to build 261,708 housing units have been
received, although re-applications on the same project tend to
inflate the total somewhat. The status of the program for
private construction in defense areas is shown in the following
table.
Table 6.—Status of Defense Housing as of April 10, 1952
Dwelling units
Item
Total
\pprovcd
Started
Completed
Sale
79, 565
Progr 'dined
\pplied for by builders
Rental
- - -~
--
-
58, 985
20, 580
261, 708
194, 338
67, 370
66, 526
49, 065
17, 461
12, 044
8,188
3, 856
1,599
630
969
Source: Housing and Home Finance Agency, Office of the Administrator and Federal
Housing Administration.
The relatively small number of starts ma.de thus far implies a considerable expansion of defense housing activity
from this source later in the year, assuming the current
difficulties can be overcome. In some of the more remote
areas, arrangements for provision of the necessary utilities
have presented obstacles. But a main deterrent to commencement of building has been unavailability of long-term
credit.
Since the exhaustion of the Federal National Mortgage
Association's $200 million authority to make advance commitments to purchase defense-housing loans, lenders have
hesitated to enter the field due to the risks involved. As
brought out in the hearings before the Senate Banking and
Currency Committee in February, lenders fear that a subsequent cutback in the defense program would create "ghost
towns," with the necessity of foreclosure which would increase the expenses, despite loan insurance. Almost $400
million is still set aside by FNMA, however, for over-thecounter purchases of defense housing obligations.
Lenders have advanced various suggestions designed to
alleviate the situation. These involve extension of "Fannie
Mae's" advance commitment authority, and more liberal
Title IX provisions by raising the interest rate or reducing
the costs attendant on default, in one way or another. In
this connection, it is interesting to note that default and
foreclosure occurred on only slightly more than 1 percent
of similar loans made during the last war. It is clear,
however, there are difficulties yet to be overcome before
private builders can go ahead.
April 1952
Mortgage credit easier
Favorable general economic conditions, as reflected in
high and rising levels of disposable personal income and
liquid asset holdings of individuals, has been the basic factor
in the strong effective demand for housing. Set against this
background, however, the flow of long-term capital and the
terms of mortgage financing are the most influential factors
in the current housing volume.
Outside of the defense areas, the volume of funds flowing
into Federal Housing Administration insured loans and
Veterans7 Administration guaranteed loans is increasing
relative to total mortgage recordings. This situation is in
contrast to the tightness experienced last summer when the
rise in long-term interest rates appeared to threaten the fixed
4%- and 4-percent interest rate structure on the FHA and
VA mortgages. Although the flow of funds into the VA
obligations is still somewhat spotty, the 42,000 new requests
for appraisal in January and February were more than double
the monthly rate in the third quarter and up by 50 percent
from the previous January-February rate. This indicates
an increase in commitments for the 4-percent loans, which
will be reflected at a later date in a higher rate of recordings.
The market for the FHA and VA loans has been facilitated
by the slight easing in long-term bond yields during the first
quarter. This condition has helped preserve the net advantage involved in the insured or guaranteed mortgage
loans relative to government obligations. Basic to the
recent relative stability in interest rates has been the continued high rate of saving. If money market developments
in the remainder of the year are less favorable, however,
mortgage money at the current fixed interest rate policy
may become scarce. Also, the recent exhaustion of FNMA
authority to purchase mortgages, outside of the defense,
military, and disaster categories, removes this source of
support from the market, at least temporarily.
The continued marketability of FHA and VA loans has
been a very important factor in the current housing market.
The fixed interest rates have probably tended to slow the
increase in interest rates over the past year on conventional
mortgages, which account for around two-thirds of total
nonfarm recordings. Furthermore, since down payments
on the FHA and VA loans average out at a smaller percentage
of sales prices, existence of these loans helps to broaden the
housing market,
Reduced down payments broaden the market
The substantial reductions in down-payment requirements on homes selling below $12,000, and other types of
liberalization of realty credit terms made last fall by the
defense housing act, are also contributing to a broadened
housing market. This effect is implied in a recent analysis
made by the Bureau of Labor Statistics of new home purchases in 10 metropolitan areas during October 1950March 1951, involving chiefly pre-Regulation X commitments. Only 18 percent of the down payments made on
houses selling under $12,500 would have met the original
Regulation X requirements, whereas 29 percent would have
satisfied the revised requirements. Although this indicates
that the revisions have broadened the market, the BLS
analysis shows that the revised Regulation X also exerts a
substantial restrictive effect—though it may be assumed
that some of the purchasers covered by the study could
have made larger down payments if necessary. For houses
selling above $12,500, in 57 percent of the cases the down
payments were about equal to the amount required under
the old regulation, while 60 percent were greater than
required under the revised Regulation X. Thus, the
SURVEY OF CURRENT BUSINESS
ipril 1952
liberalization of credit restrictions had relatively much
[ess influence in broadening the market for higher-priced
houses.
Materials supply loosens
Nonmetallic construction materials have generally been
in very good supply. Declines in output since a year ago
have been in response to the drop in physical volume of con-
First quarter NEW CONSTRUCTION up, including
types cut back in past year.
PERCENT CHANGE
1st Qtr. 1951Ist Qtr. 1952
-10
0
4th Qtr. 19511st Qtr. 1952
+10
-1-20
1
1
0
1
+30
+10
1
TOTAL NEW
CONSTRUCTION
TOTAL PRIVATE
Ljgjgg
RESIDENTIAL
I
INDUSTRIAL
AND UTILITY
COMMERCIAL
AND OTHER
1
11
short supply" has declined markedly since January 1—even
for the various copper products.
Generally, the quotas permitted under the self-certification
process are sufficient to construct a conveniently sized dwelling unit. For example, the specified amounts of controlled
materials which could be self-certified on a single-family
house using steel piping were: 1,800 pounds of steel and 35
pounds of copper. A private survey revealed these quotas
adequate for construction of an "average" 1,000 sq. ft. dwelling, in which the "A" items composed of steel totaled 1,770
pounds. The 35 pounds of copper was found adequate to
wire the same unit. A larger amount of copper and a less
amount of steel were permitted to be self-authorized on
units using copper instead of steel pipe.
These quotas were changed slightly in March, however,
with the net effect being to liberalize the use of steel and
aluminum and tighten somewhat the use of copper. Although the outlook is for some improvement in copper
supplies for the rest of the year, this metal is expected still
to be relatively tight so that the total volume of building
will depend importantly on the ingenuity of builders in
stretching the available supply by conservation, substitution,
and other devices.
Builders choosing to construct large units may find it
extremely difficult to build within the self-certification minimums. Thus, one of the results of the current materials
controls may be to channel proposed construction to smalland medium-sized units. This would tend to reverse the
movement underway since 1950 toward units with larger
floor areas and more extensive furnishings—a trend revealed
by a BLS sample study of housing starts in large metropolitan areas for periods in 1949, 1950, and 1951. A trend
toward smaller units would, of course, make possible a
larger unit volume of building, given the same materials.
Other Private Construction
,
1
192
TOTAL PUBLIC
!JF
DEFENSE
NONDEFENSE
SUM
U. S. DEPARTMENT
\
P
J
OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
I j
l
\
\
BL
i
52-49
struction activity, with stocks well maintained. In fact,
the chief element in price cuts at the wholesale level since a
year ago in many types of materials has been the pressure
of heavy inventories. Prices of lumber and wood products
are down almost 5 percent since early 1951. Most "B"
products, notably water heaters, range boilers, and warmair furnaces, are likewise in relatively ample supply and
generally lower in price. These are the products whose
use in construction does not require authorization.
The tight items in building construction are the "A"
products, involving the critical metals. Although builders
can "self-authorize" specified amounts per unit, production
of these items is restricted through allotments to manufacturers. In the early part of the year, the HHPA estimated that around 800,000 new dwelling units could be
safely produced in 1952 in the light of the overall critical
materials supply and requirements outlook at that time.
The improving supply situation since then indicates the
need for re-evaluation of this estimate. Despite the increasing starts during the first quarter, a survey conducted
by the National Association of Home Builders indicates
that the percentage of builders reporting items in "critically
Private nonresidential construction increased by about $1
billion at seasonally adjusted annual rates in the first quarter
1952, to a rate somewhat above that for 1951 as a whole.
The recovery of industrial construction activity to a rate
about equal to that in the third quarter of last year was in
part responsible for this increase, but in view of the controls
imposed by CMP, the recovery in private commercial, social,
and institutional construction is even more noteworthy.
This may be attributed both to the improved operation of the
controls and to the fact that the estimated cost of all new
private commercial, social, and institutional projects approved by the National Production Authority for the first
quarter exceeded such approval for the previous quarter
by more than one-eighth.
Increase in commercial construction
The volume of applications and approvals for materials
allotments under CMP is a useful indication of the trends in
private nonresidential construction activity in the second
and succeeding quarters. Although the summary of second
quarter NPA actions is not yet available, applications for
second-quarter materials allotments for commercial, social,
and institutional projects with an estimated cost of $1.2
billion have been received thus far. This total is significantly above the value of such applications in previous
quarters under the CMP.
Special NPA actions, including approvals of new commer
cial projects in hardship areas, new religious and community
buildings, and materials allotments to complete many new
Commercial projects, indicate that the value of second-quarter approvals will exceed those of previous quarters. The
Defense Production Administrator recently announced that
12
SUEVEY OF CURRENT BUSINESS
a substantial number of additional second-quarter applications for materials allotments will be approved so that construction may commence, although materials will not be
allotted until the third and fourth quarters 1952.
In March, builders were urged to begin active planning of
new projects and to file CMP applications for materials for
the third and fourth quarters.
In both the fourth quarter 1951 and the first quarter
1952, the value of projects which were denied NPA approval
represented more than one-half of the estimated cost of
all projects for which applications were made. Despite
these denials, totalling almost one-half billion dollars in
the first quarter 1951, the physical volume of private commercial, social, and institutional construction in the first
quarter, at annual rates, was down only about one-tenth
from 1950-51 levels.
The private commercial, social, and institutional projects
which were denied materials allotments for the first quarter
provide a fair measure of the immediate backlog of such
construction. This represents about 3 months' activity
at present rates, but the actual value of projects temporarily
deferred is probably larger. Undoubtedly certain projects
were voluntarily deferred, and in addition, some builders,
being denied materials allotments in earlier quarters, have
failed to refile. The size of this additional immediate
backlog cannot be estimated, but will become apparent in
subsequent applications.
Commencement of the pending projects, superimposed
on existing work in progress as increasing availability of
basic metals for construction permits, points to a high level
of private commercial, social, and institutional construction
throughout the year. This is not only due to the deferral
of projects for the past year, but also to the continued high
rate of residential building, which creates demand for
associated facilities.
Public Construction
Total public construction increased moderately in the
first quarter 1952 to $10 billion at seasonally adjusted annual
rates. This volume was about equal to the total of all
private construction, other than residential.
For the past year, the quarterly increases in public
construction have largely reflected increased outlays for
military and atomic energy construction which more than
offset declines in nondefense public construction, particularly
highway construction. However, in the first quarter 1952,
both defense and the major types of nondefense public
construction increased while highway construction remained
unchanged. The increase in public-school construction
was particularly noteworthy.
Rise in public-defense construction
Since June 1950, Congress has appropriated more than
$6 billion for military and naval construction by the Defense Department both here and abroad. Although materials allotments have been ample, total outlays against
these authorizations through the end of the first quarter
have amounted to less than $2 billion. In addition to the
more than $4 billion as yet unspent the available funds
will be increased markedly by new authorizations requested
of Congress for fiscal year 1953. Although a significant
portion of these funds will be spent for overseas construction, a rising level of domestic defense-construction activity
is implied.
Quarterly increases in industrial construction associated
with the atomic energy program have largely been respon
April 195
sible for the rising level of public nonresidential constructioi
for the past year. It is estimated that about $1 billioi
will be spent for this purpose in fiscal year 1952, more thai
double the total for the previous fiscal year.
Demand for nondefense public construction
The decline in nondefense public construction during 1951
was largely attributed to two factors: lack of availability
of metals, particularly structural steel; and voluntary restraints on the issuance of new bonds to finance public projects. Thus, in addition to those projects which were denied
materials allotments, construction of many other projects
has been voluntarily deferred by State and local governments. However, in view of the easing metals situation and
the fact that State and local bonds have been removed from
the voluntary credit restraint program, nondefense public
construction will depend to a larger extent on needs and the
ability of State and local governments to finance these
projects.
The volume of applications to the various Federal agencies for materials allotments which have been recently
approved and those in which action is still pending, portend
a rising volume of public construction. In addition, the
volume of applications which have been denied materials
allotments provides some indication of the immediate backlog of most types of nondefense projects inasmuch as these
applications demonstrate both need and financial ability.
The materials situation permitting, additional construction
will be commenced on those projects which have been deferred because of lack of metal products.
Requests for raw materials allotments by State and local
governments for highway construction exceeded the actual
allotments for the second and third quarters 1952 by 200,000
and 100,000 tons, respectively. Thus, it is evident that a
considerable volume of highway construction has been deferred to such a time as the necessary materials become
available. This immediate backlog and the more than onethird increase in steel allotments for roads between the second and third quarters point to some expansion of highway
construction during 1952.
Public-school construction, which increased by almost onefifth from the fourth quarter 1951 to an annual rate of $1.8
billion in the first quarter 1952, is due to increase further in
succeeding quarters as a result of the significant increase
in the amount of steel made available for such purpose in
the second and third quarters of this year. The Federal
Security Agency recently announced that approximately
500 new school projects, previously deferred because of lack
of materials, will be approved for second-quarter starts with
materials allotments for the third and fourth quarters.
These new projects will be superimposed upon the more than
$650 million of school construction receiving materials allotments for the second quarter.
The NPA approved sewage and water projects estimated
to cost about $600 million in the fourth quarter 1951 as compared with applications amounting to about $1 billion. Applications received since then aggregate close to the total for
the fourth quarter. Only a small number of these projects
have actually been denied materials allotments since in
most cases, the applicant has voluntarily agreed to defer
construction until a later date. The volume of these denials
and deferrals indicates an immediate backlog of sewage
and water projects roughly of the order of $1 billion, compared with a current annual rate of activit}7 of $0.7 billion.
(Continued on page 24)
l
)y Lawrence
Business Investment
and Sales in 1952
B,
BUSINESS looks forward to another year of high plant
and equipment expenditures in 1952, and also expects a
record sales volume. Capital outlays reported this year at
$24.11 billion are about 4 percent above the previous high in
1951. The expected relative increase in physical volume is
probably only slightly less than the rise in dollars.
Higher fixed investment outlays in 1952 are programed by
every major industry, except the commercial and miscellaneous group. Associated with these programs, every major group expects higher 1952 sales. However, both investment and sales anticipations for this year are generally
quite close to seasonally adjusted rates at the beginning of
the year. Examination of the data by size of firm indicates
that all size groups expect sales gains from 1951, with the
larger companies generally anticipating the greater increases.
Only the larger concerns expect a rate of capital expansion
higher than last year, when record outlays were made by all
size groups.
Most industries plan expanded outlays
Material supply situation somewhat easier
This year will experience increasing capacity of both the
metals producing and the capital goods industries coupled
with stabilizing allocations of materials to meet current defense schedules. Thus, it would appear that materials supply
except possibly in the early months of this year, will not be a
serious limitation on the realization of business capital programs. In the latter part of 1952, these programs indicate a
shift in resource utilization from some well-advanced defense
programs (such as steel) to other expanding programs (such
as petroleum) as well as to less essential facilities now restricted by materials allocations.
This shift will be facilitated by recent actions of the
National Production Authority which has raised its third
quarter allocations of steel, copper, and aluminum to the lessessential programs substantially above the second quarter.
In addition, direct construction controls on commercial
building have been considerably eased. To some extent
these actions probably were not anticipated by business at
the time of reporting.
Manufacturing concerns and the electric and gas utilities in
1952 have programed capital expenditures 8 percent above
Substantial capital expansion in 1951
1951, and mining companies expect to spend 7 percent more
than last year. Among transportation companies, the nonThe expansion of industrial facilities was at record rates
rail groups plan on increasing their investment by 19 percent
in 1951. The final estimate for capital expenditures of $23.3
from 1951, while the railroads anticipate maintenance of last
billion was 30 percent higher in dollars, and one-fifth in
year's rates. The reduction reported by the commercial and
physical volume, above 1950. All major industries and all
miscellaneous industries is 10 percent, with declines in most
sizes of firms contributed to this increase.
sectors more than offsetting the expected increase by comExpenditures rose rapidly in the first half of 1951, and
munication companies.
then at a slackening rate in the following 6 months. The
The survey results indicate that capital spending plans for
each of the first two quarters of 1952 are at a seasonally retardation in growth in the last half reflected reductions in
fixed investment by consumer goods manufacturers and by
adjusted annual rate just above $25 billion—compared to
slightly under $24 billion in the last two quarters of 1951. commercial companies as the effects of materials allocation
and the easing in consumers' markets were felt.
Thus, the implied annual rate of spending intentions in the
Capital outlays by manufacturers of military and profinal 6 months of this year is about $23 billion. The implied
ducers' goods, mining concerns, transportation companies,
rate for the second half is probably understated relative to the
and the utilities continued upward throughout 1951. These
first half due to the tendency for under-reporting to increase
groups were aided by Government action in materials allowith the period of forward planning. This has been found to
cation, defense orders, and assistance under the rapid tax
occur in every earlier annual survey of anticipated investamortization and other facilities expansion programs.
ment and reflects the lesser completeness of future plans as
The largest increase in capital investment from 1950 to
compared to near-term programs. This factor also results
1951 occurred in manufacturing, with all sub-industry groups,
in some tendency toward understatement of the annual
excepting apparel, contributing to the rise. Increases in
programs.
this group ranged from 20 percent in food and fabricated
Making allowance for this factor, the seasonally adjusted
metals to more than 100 percent in iron and steel, nonferrous
annual rates of planned capital outlays in the first and second
metals and transportation equipment. Capital improvehalf of this year might be of the order of $25 billion and $24
ments by the railroads in 1951 rose about 35 percent, and
billion, respectively. Manufacturers' programs indicate a
nonrail transport companies spent 20 percent more than in
decline in investment from the first to second half of some1950. The utilities, mining and commercial companies each
what over $1 billion at an annual rate; the utilities and nonincreased their rates of fixed investment from 1950 to 1951
rail transport companies are expecting substantial increases,
by about 15 percent.
while other industries show lagging tendencies in the final
half of 1952.
Experience with Earlier Surveys
1
This article is based on the results of a survey of plant and equipment programs and sales
expectations in 1952 reported during February and early March by a sample of nonagricultural
concerns. This survey was conducted jointly by the Office of Business Economics and the
Securities and Exchange Commission.
NOTE—MR. BRIDGE IS A MEMBER OF THE BUSINESS STRUCTURE
DIVISION, OFFICE OF BUSINESS ECONOMICS.
In evaluating the 1952 investment programs, it is of value
to examine the results of previous years' surveys of capital
spending intentions—with particular attention to the expe13
14
SURVEY OF CUEEENT BUSINESS
rience in 1951, another year of defense mobilization. The
major findings of a study of past investment surveys that
affect the appraisal of current programs are as follows: (1)
larger companies are more accurate in their projections than
are the smaller firms; (2) large-scale investment programs
(relative to fixed assets) are more likely to be realized than
are minor expenditures; (3) there is a close relationship between movements in construction and equipment prices and
deviation between actual and programed outlays; and (4)
there is a systematic tendency for businessmen to omit the
more tentative projects from their reported forward plans.
The first three factors all point to a greater firmness in
the 1952 programs than is generally found in these surveys.
The rapid advance in prices was halted early in 1951 and are
now under regulations, although some advances continue.
Also, as reported earlier, the anticipatory data for this year
show that the larger concerns account for a higher proportion
of outlays than they did in 1951. Third, this year's capital programs appear to contain a much greater than usual
number of very large expansion projects.
The fourth factor listed above implies that aggregate projected expenditures are probably understated in the latter
part of the year. This would apply particularly to commercial companies in view of the easing of construction
controls in this area.
1951 capital programs generally realized
Expenditures for new plant and equipment in 1951 totaled
$23.3 billion as compared to outlays programed in the early
part of that year at $23.1 billion.2 Examination of the industry groups indicates that manufacturers as a whole
showed no deviation from their planned outlays, the railroads
and electric and gas utilities spent only 1 percent more than
2 The anticipated figure of $23.9 billion as reported in the April 1951 Survey has been adjusted
to take into account the recent revision of the manufacturing series. (See SURVEY, December
1951). This adjustment has been mnde by applying the anticipated relative change from
1950 to 1951 in each manufacturing industry to the revised estimates for 1950.
April 195
anticipated, while the commercial and miscellaneous grouj
invested 6 percent more. Only mining and nonrail transpor
companies did not meet their programs—by 11 and 1'
percent, respectively.
^Within manufacturing, capital expenditures by the elec
trical machinery, paper, textiles, and nonautomotive trans
portation equipment industries were within 5 percent 01
their anticipated outlays, while chemicals, petroleum, iror
and steel fabricated metals, and motor vehicles were withir
10 percent. Nonelectrical machinery fell short of theii
schedules, and stone, clay, and glass companies exceeded
their programs by 12 percent each. Only nonferrous metals
and the food and beverage group fell outside this range.
The deviation in the former industry was almost entirely
among aluminum companies where capital outlays were four
times those in 1950, as against anticipated expenditures of
over five times.
Manufacturers9 Investment Programs
Manufacturers have scheduled plant and equipment
expenditures in 1952 at $12.1 billion—as compared to $11.1
billion in 1951 and $9.1 billion in the pre-Korean peak year of
1948 (see table 1). Allowing for increases in capital goods
prices, the realization of current programs would bring the
physical volume of additions in 1952 to some 15 percent above
1948 and about half that amount above last year.
While the programed increase in manufacturers' capital
outlays this year is moderate when compared to the rise in
1951, it should be noted that the capacity increase last year
was the largest in the postwar years—a period during which
rough 3estimates suggest capacity was expanded by over twofifths. In addition, the anticipated increase in manufacturing outlays during 1952 is equal to that expected for all
industries combined. The dominant position of manus This year's program s will brim? the postwar increase in manufacturers' capacity to one-half.
30 r Businessmen programing high rate of
FIXED INVESTMENT throughout 1952
20 -
U 5, DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
52-39
SUKVEY OF CUKKENT BUSINESS
April 1952
15
Table 1.—Expenditures on New Plant and Equipment by U. S. Business, 1945-521
[Millions of dollars]
1952
1951
1945
Industry
1946
1947
1948
1949
1950
1951
19522
JanuaryMarch
Manufacturing
3,983
AprilJune 2
JulyDecember2
6,790
8,703
9,134
7,149
7,491
2,154
2,802
2,841
3,335
3,120
3,120
5,830
3,112
3,407
3,483
2,594
3,135
5,168
5,994
923
1,231
1,363
1,652
1,615
1,578
2,801
198
54
216
123
316
262
500
93
356
282
511
591
638
178
370
304
519
504
772
193
343
289
527
474
596
151
271
216
383
349
599
134
350
245
411
510
1,304
277
421
359
675
736
1,689
533
398
493
718
834
190
45
97
62
121
136
283
62
104
87
149
193
352
70
100
90
181
207
479
100
119
120
224
202
484
109
114
111
206
236
478
124
100
129
195
(6)
727
300
184
253
317
56
100
265
109
241
429
95
326
473
106
269
510
87
181
360
82
280
524
182
388
826
248
348
733
25
75
172
42
98
213
54
100
209
62
114
232
70
89
195
68
(6)
177
__ __ 2,393
__
3,678
5,296
5,651
4, 555
4,356
5,962
6,076
1,230
1,571
1,476
1,683
1,505
1,541
3,030
337
97
209
116
376
879
118
261
513
157
342
232
800
1,087
139
408
669
277
510
271
1,060
1,736
143
530
721
332
618
383
941
2,100
102
454
626
249
471
298
670
1,789
81
371
523
237
450
327
771
1,587
102
359
657
311
695
489
1,283
2,014
187
327
476
262
512
372
1,453
2,478
250
273
157
78
158
106
254
356
40
81
184
82
216
122
339
490
43
95
153
79
167
126
319
511
42
79
162
72
153
134
372
657
61
71
133
67
147
103
334
586
63
72
123
75
121
93
352
633
62
81
220
120
244
176
767
1,259
124
120
Primary iron and steel
Primary nonferrous metals
Fabricated metal products
Electrical machinery and equipment
Machinery except electrical
Motor vehicles and equipment
Transportation equipment excluding motor
vehicles _Stone, clay and glass2 products
Other durable goods
_ ___ _
..___
Nondurable goods industries .
Food and kindred products. .
Beverages
Textile mill products _. _ _
Paper and allied products.
Chemicals and allied products
Petroleum and coal products
Rubber products
Other nondurable goods 2
October- JanuaryJulySeptember December March 2
_ _ _ 1,590
_
Durable goods industries
AprilJune
._
11, 130 12,070
(6)
(6)
110
361
IVIining
443
557
693
802
738
684
796
852
183
203
199
211
213
235
404
Railroad
552
573
906
1,319
1,350
1,136
1,541
1,539
303
412
377
449
395
401
743
Other transportation
321
659
798
700
525
437
511
609
125
136
120
130
140°
155
314
630
1,045
1,897
2,683
3,140
3,167
3,577
3,864
753
893
933
998
838
862
2,164
_ _ _ __ _ 1,477
3,298
4,429
5,394
5,119
4,917
5,735
5,189
1,345
1,467
1,374
1,549
1,345
1,325
2,519
7,406 12,922 17, 426 20,032 18,021 17,832 23,290 24,123
I
4,863
5,913
5,844
6,672
6,051
6,098
11,974
Electric and gas utilities
.
Commercial and miscellaneous [._
Total
1 Excludes agriculture. These figures do not agree precisely with the totals included in the gross national product estimates of the Department of Commerce. The main difference lies
in 2the inclusion in Commerce figures of certain outlays charged to current account.
All estimates for 1952 are based on anticipated capital expenditures of business as reported in February and early March,
s Includes lumber, furniture and fixtures, instruments, ordnance and miscellaneous manufactures.
4
Includes apparel and related products, tobacco, leather and leather products and printing and publishing.
* Includes trade, service, finance, comunications, etc.
6
Data not available separately but are included in totals.
Source: U. S. Department of Commerce, Office of Business Economics, and Securities and Exchange Commission.
factoring in the overall investment picture is typical of the
postwar years. Manufacturers have accounted for about
50 percent of total investment and a much higher proportion
of the year-to-year changes. Last year, this industry
accounted for over 70 percent of the total rise in fixed investment. In 1949, the largest relative cutback in capital outlays occurred in manufacturing, with offsetting increases
and decreases in investment among nonmanufacturing
industries.
Anticipated expenditures for the full year 1952 are just
about equal to their rate at the end of 1951. However, outlays in the first half of this year are anticipated to be over
$6.2 billion as against somewhat over $5.8 billion in the final
6 months of 1952. The projected decline in the second half
on a seasonally adjusted basis is about 15 percent—although
allowance for understatements in the second half of the year
(discussed above) might bring the anticipated decline closer
to 10 percent.
Nonferrous metals companies have programed the largest
increase from 1951—92 percent—with the electrical machinery, transportation equipment (other than motor vehicles) and rubber industries each anticipating spending over
one-third more than in 1951. Iron and steel companies and
petroleum companies are expanding their 1951 investment
rates by about one-fourth and chemicals and motor vehicles
by one-eighth. Nonelectrical machinery producers were
scheduling additions at 6 percent above 1951, while all other
industries were anticipating reductions in capital outlays in
1952 ranging from 5 percent in fabricated metals to about
one-fourth in paper, textiles, and foods.
As a result of its greater participation in the defense effort,
1952 anticipated outlays in the durable-goods sector are
about 16 percent above 1951 as against an increase of 2 percent in nondurable goods industries. Current plans of the
latter group, however, call for a considerably smaller cutback in fixed investment from the first to second half of this
year than do the programs among durable goods producers—
so that expenditures by both groups in the final 6 months of
Defense industries up most
this year are expected (on an adjusted basis) to be approxiWhile capital outlays in almost all manufacturing indusmately at the rates prevailing in the corresponding period
tries rose from 1950 to 1951, the increases were substantially last year.
greater among the defense-related industries. The 1952
The lesser decline in the nondurable goods area between
programs show the same divergency—although the anticithe first and second half of 1952 is attributable to the strength
pated increases from 1951 among defense-supporting indusin the chemicals, petroleum, and rubber industries—-with
tries are more moderate than those which occurred last
the former group expecting greater outlays in the second
year, while almost all nondefense industries are expecting to
half, and the latter two industries maintaining first half
reduce their 1951 rates of fixed investment. Thus only rates. All other soft goods industries show a continuation
petroleum, chemicals, rubber, and all the metals industries
of the downward trend which started in mid-1951.
(except fabricated metals) are scheduling greater capital
Among durable goods groups, a substantial upward moveoutlays this year (table 2).
ment in the second half of this year is planned by nonfer-
SURVEY OF CURRENT BUSINESS
16
rous metals companies, and maintenance of first half expenditures is reported by electrical machinery companies. Programs of other hard goods industries call for substantial
declines in the second half of this year—particularly in iron
and steel, nonelectrical machinery and transportation equipment. In the latter industry, aircraft manufacturing outlays account for the decline, with the railway car builders'
programs strong throughout 1952. It should be noted that
these programs are on private account only and exclude Government investment, which is particularly large in aircraft
facilities.
Table 2.—Anticipated Changes in Capital Investment and Sales,
1951-52 i
Industry
Percent change in
expectations,
1951 to 1952
Sales
Nondurable goods industries
Food and kindred products
Beverages
Textile mill products
Paper and allied products
Chemicals and allied products-.
Petroleum and coal products-.Rubber products
Other nondurables
Mining 2
Railroad
Other transportation
Electric and gas utilities
Commercial and miscellaneous.
16 !
30 !
92 !
—5 i
37 !
fi .
13
36
-10
-11
4
1
1
Index, 1950=100
220
12
20
_2
50
1
METAL PRODUCING
8 FABRICATING
2
-28
-16
-26
-24
13
23
34
-16 !
200-
3
5
14
—9
_2
3
3
3
3
180-
19 !
8 !
j
PETROLEUM, CHEMICALS,
AND RUBBER PRODUCTS
TOTAL
160 -
7 J
0
-9
Manufacturing facilities put in place during the fourtl
quarter totaled over $900 million, and expenditures expectec
in the first quarter of this year by holders of certificates issuex
prior to 1952 amount to more than $800 million. Since th(
bulk of these facilities are scheduled for completion by th(
end of 1953, actual fourth quarter 1951 outlays maybe abou
30 percent higher than average quarterly expenditures undei
this program during 1952 and 1953. However, as notec
above, this ratio does not allow for certificates granted [aftei
the end of last year or for those which may be granted] ir
the future.
Table 3 shows a comparison of current outlays and average
expenditures in 1952 and 1953 necessary to complete manufacturing programs with certificates. These outlays now
account for about 30 percent of total investment by manufacturers in new plants and equipment. They are heavily
In MANUFACTURING, the anticipated rise in
CAPITAL OUTLAYS in 1952 is attributable to
defense-related industries.
Manufacturing,
Durable goods industries
Primary iron and steel
Primary nonferrous metals
Fabricated metal products
Electrical machinery and equipment
Machinery except electrical
Motor vehicles and equipment
Transportation equipment except motor vehicles.
Stone, clay and glass products
Other durable goods
April 195
10
10
1
Grand total
140 -
1
2
These anticipations were reported by business during February and early March.
Revenue expectations were not obtained from railroads.
Source: United States Department of Commerce, Office of Business Economics, and
Securities and Exchange Commission.
To a large extent, the greater relative declines in the latter
groups reflect efforts under the facilities expansion programs
to increase capacity in certain sectors of these industries as
quickly as possible. Thus the rapid expansion of steel capacity was encouraged by the early granting of a large volume
of tax amortization certificates as well as by favorable treatment in materials allocation. As a result, outla}rs under
these programs have now^ reached their peak. A similar
situation exists in the aircraft expansion program.
Federal aids to expansion now at peak
The contribution to business capital outlays of governmental aids to facilities expansion (through rapid tax amortization, direct loans and guaranteed purchase contracts)
appears to be close to a peak in the current period. At the
end of last year 42 percent of the $12.4 billion of projects
with tax amortization certificates were in place and holders
of certificates expect this proportion to exceed 50 percent by
the end of the first quarter of 1952. The corresponding ratios
for $9.2 billion of manufacturing facilities are 37 and 47
percent, respectively. Since the end of 1951 some $4.5
billion of additional proposed 4
projects (about one-third in
manufacturing) were approved.
* Many of these projects are already under way—so that their inclusion would probably
not significantly change the above proportions.
120 OTHER MANUFACTURING
100
Among NONMANUFACTURING industries
only the commercial and miscellaneous group
has programed smaller outlays in 1952.
160[
140
TRANSPORTATION
MINING
ELECTRIC AND GAS
UTILITIES
120
COMMERCIAL AND
MISCELLANEOUS
100
1950
1951
1952
ANTICIPATED
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
concentrated in a few industries and negligible in many
important areas. A more important qualification is that the
programs under certificates of necessity cover only a small
proportion of replacement expenditures. This type of ex-
SURVEY OF CURRENT BUSINESS
April 1052
ponditure accounts for roughly one-half of aggregate capital
outlay and, being considerably less postponable than expansion outlays, is a significant stabilizing factor in changes in
fixed investment.
Table 3 indicates that expenditures expected in the first
quarter of this year by aircraft and nonelectrical machinery
plant on projects with certificates of necessity were substantially higher than the quarterly average necessary to
complete these programs by the end of 1953. It will be
noted that expected 1952 expenditures reported to the survey by these industries show this easing in the second half of
this year.
The large total still remaining in steel reflects the inclusion
in proposed programs of a few large projects where construction may never be initiated. Omission of these projects
would corroborate the finding in the present survey that primary steel producers anticipate a reduction in capital outlays
during the last half of this year.
The strength during this period in the aggregate programs
of petroleum, chemicals, and nonferrous metals companies is
confirmed by the less-than-average ratio of current outlays to
1952-53 scheduled outlays in projects with certificates of
necessity. Future expenditures for approved programs in
paper and pulp are somewhat stronger than indicated in the
present survey, while the reverse is true for electrical
machinery.
17
year. While the 1952 total continues an upward trend in
capital outlays uninterrupted throughout the postwar period,
the increase from 1951 is entirely attributable to the expected rise of about one-fourth in expenditures by electric
utilities. Fixed investment by gas companies is scheduled
at about one-sixth lower than last year.
The electric companies expect rising outlays throughout
1952, and are placing special emphasis on generation and
transmission facilities this year with little change anticipated
Large manufacturing concerns expect greater
increases in capital outlays and sales
Percent Change, 1951 to 1952
SALES
1
1
t
1
Greater expansion by large firms
•
Table 3»—Manufacturing Programs Covered by Certificates of
Necessity Issued Through Dec. 31, 19511
Implied
Value put
average
in place
Total requarterly
during
ported cost fourth quar- outlays in
1952 and
ter 1951
1953 2
Item
Steel and related programs
Nonferrous metals
A ircraf t and components - _
Nonelectrical machinery
Electrical machinery -Chemicals
Petroleum refining
Paper and pulp
Other manufacturing _
^_
_ .
.
All manufacturing
Ratio of fourth
quarter 1951 to
1952-53 quarterly average 2
3, 156
807
567
417
234
1, 520
1, 004
533
923
320
87
77
70
31
115
56
43
130
240
79
41
28
15
127
91
42
62
13
12
19
25
21
9
6
10
21
9,161
929
716
13
1
These data are classified by type of plant and are not strictly comparable to the figures
in 2 Table 1 which are on a company-wide classification.
This assumes that all programs will be complete by the end of 1953. Certificate holders'
present schedules indicate almost 95 percent completion by the end of 1953.
Source: Defense Production Administration.
$100 million and those with assets of over $100 million expect
increases of more than one-fifth. All smaller assets-size
groups expect declines: 7 percent in the $10 million to $50
million group and about 10 percent in each of the groups
with assets under $10 million. Data for selected size groups
and their associated sales expectations are shown in table 4.
This direct relationship between size of firm and change in
investment rate is found in most industries—although the
difference in magnitude of the change among size-groups in
the aggregate is very considerably influenced by the fact that
large companies predominate in defense-related industries.
Only the group with assets over $100 million shows no apparent decline from the first to second half of this year.
Electric utilities up, gas utilities lower
The electric and gas utilities anticipate additions to facilities of $3.9 billion in 1952, as compared to $3.6 billion last
3
Digitized for904179°—52
FRASER
ASSETS OVER
$ 100,000,000
1
1
-1O
-5
I
$1,000,000 TO
$5,000,000
•
1
1
15
1
I
$ 5,000,000 TO
$100,000,000
[Millions of dollars]
1
ASSETS UNDER
$1,000,000
. -j
The survey results indicate that only the larger manufacturing firms have programed increases in capital outlays
from 1951 to 1952. Firms with assets of from $50 million to
I
0
I
1
1
1
+5
tlO,
*H5
taO
*25
U S, DEPAKTMSHT OF COWME/?C£T, OFWGE QiF BU&tNESS ECQMOMtCS
52-46
in distribution and other capital expenditures. The decline
in investment programed by gas utilities reflects a reduction
in pipeline outlays which were at record rates in 1951.
Railroad outlays level out
The railroads anticipate little change in 1952 from their
record capital expenditures of $1.5 billion last year. Their
current schedules also indicate a rather stable rate of investment in the first and second half of this year. On a regional
basis, however, declining expenditures from 1951 are expected
for the year as a whole by railroads in the southern and
western districts—offset by increases anticipated by roads
in other districts.
The rails also appear to be raising their rates of road
investment and lowering equipment outlays. It should be
noted, however, that except for 1948, freight car deliveries in
1951 exceeded all years since 1925. Deliveries last year
totaled 96,000 cars. Unfilled orders on January 1 of this
year were about equal to the backlog at the beginning of
last year, after a steady decline of 30,000 cars from the postwar peak in March 1951.
Among nonrail transport companies, the airlines have
programed a very substantial increase in capital expenditures
SURVEY OF CURRENT BUSINESS
18
in 1952, while water transportation and bus and transit
companies expect slightly lower investment rates. Planned
outlays by commercial companies during 1952 indicate a
continuation of the decline which began in mid-1951, though
at a slackening rate in the final 6 months of 1952.
1952 Sales Expectations
The current survey of capital budgets also obtained
information on sales expectations in 1952 from the reporting
companies. These data shed some light on the businessman's
appraisal of his market and provide some insight into an
important factor determining his investment decisions.
These sales expectations do not have so firm a basis as capital
investment programs, since sales are to a considerably greater
extent than investment outside the control of the reporting
concern.
All major industries expect sales in 1952 to be higher than
in 1951—although most industries anticipate little rise from
current rates.5 Mining companies expect their sales in 1952
to exceed 1951 by 11 percent, electric and gas utilities and
nonrail transport companies anticipate revenue increases of
10 percent each, manufacturing firms look forward to a 5-percent gain, while the commercial and miscellaneous group
expect sales only 1 percent above last year (see table 2).
Large increases in durable goods
The durable goods industries in 1952 are expecting sales
increases above 1951 of over 7 percent as against 3 percent
in the nondurable goods sector. The higher sales expectations of hard goods producers reflect to some extent the
currently more favorable sales and orders position of defensesupporting industries. The same factor partly explains the
finding that, as in fixed investment programs, the larger
manufacturing companies are anticipating greater sales gains
than are the smaller firms—although all size groups are
thinking in terms of higher sales than in 1951.
Table 4.—Manufacturing Corporations: Percentage Changes in
New Plant and Equipment Expenditures and in Sales, by Total
Asset Size.1
Total assets size
Item
Under $1
million
$1 million $5 million $100 million
to
to
$5 million $100 million and over
Percentage change from previous year
Plant and equipment expenditures:
1950
1951 2
1952
- .
Sales expectations:
1952 2
+9
+49
-8
+23
+46
-11
+4
+48
+1
+1
+48
+22
-1-2
+3
+6
+5
1
2
April 195:
nonelectrical machinery (12 percent). The large increase
expected by the two latter capital goods industries in par
reflect the increased plant and equipment expenditure
programed by business as a whole. Iron and steel companie
are anticipating a 4-percent gain in sales while smaller in
creases are expected by other durable goods industries.
Among the soft goods producers, the largest increases (1^
and 13 percent, respectively) are expected by the beverage
and tobacco industries, probably reflecting the effect of th<
higher excise taxes instituted in November 1951. Food anc
petroleum companies look forward to 4-percent sales advances
in 1952, and chemicals and rubber companies anticipate
gains of 3 percent. Textiles and paper expect a lowering oj
sales by 9 and 2 percent, respectively, with other nondurable goods industries showing minor changes.
Nonmanufacturers expect greater sales
Retailers anticipate their 1952 sales will be about 3 percent
higher than last year—a rate somewhat higher than the
seasonally adjusted rate in the early months of this year.
Here, too, all sizes of stores were expecting higher sales,
with the larger stores expecting slightly larger relative gains.
Both the electric and gas utilities were thinking in terms
of higher revenues in 1952 (somewhat above end of 1951
rates), with the latter group expecting a greater relative
gain than the former group. Airlines and local transit
lines anticipated sizable increases in revenues, while the water
carriers expected little change from 1951 revenues.
Sales and fixed investment expectations
A general conforrnance is found within industries when
sales and capital outlays are ranked in accordance with
relative changes in 1952 expectations from 1951. The
electric and gas utilities and nonrail transportation rank
high both in their expected increases in sales and in their
anticipated capital expansions. Commercial and miscellaneous companies report the smallest increase in sales
expectations and are the only major group scheduling lower
capital expenditures.
Within manufacturing, the transportation equipment and
electrical machinery industries rank first and third in
expected sales growth in 1952, and second and third in
planned expansion. At the other end of both scales are found
textiles, paper, stone, clay and glass, and fabricated metals.
Conspicuous exceptions to the general rule are tobacco,
beverage, and nonferrous metals companies. As noted
above, the relatively large increases in dollar sales expected
in 1952 by the former two industries are affected by the
recent increase in excise taxes. In the nonferrous metals
industry, both aluminum and copper companies ranked very
high in anticipated capital expansion in 1952 but only the
former group ranks high in sales gains expected this year.
Size based on assets as of the end of 1948.
1952 expectations were reported by business during February and early March.
Source: U. S. Department of Commerce, Office of Business Economics, and Securities and
Exchange Commission.
Business Expectations and Economic Activity
in 1952
With the exception of moderate declines in sales expectations of motor vehicle and furniture companies, all major
durable-goods industries expect an improvement from 1951.
The largest anticipated gains were in transportation equipment (50 percent), electrical machinery (20 percent), and
From the point of view of overall economic activity,
1952 investment in new plant and equipment—barring any
significant change in business investment decisions—will
help to maintain gross national product at a high level
throughout the year. However, in view of the stability
in capital expenditures, this sector will not exert the same
5
Revenue anticipations were not collected from the railroads.
(Continued on page 24)
by L. Jay Atkinson ft-
Consumer Markets
For Durable Goods
v><ONSUMER markets for durable goods have experienced
wide swings in demand reaching a peak in the post-Korean
buying wave and subsequently undergoing a decline which
has been more or less severe in particular lines. For more
than a year sales of these products have been substantially
lower than in 1950, although higher than in any earlier year.
Since this decline occurred during a period of rising income,
the special influences affecting the trend in consumer buying
are of particular interest. Of these, one of the more important is the catching-up on the deferred demand which resulted from the wartime gap in production.
Though the decline in sales of durables during 1951 was
general, the extent and the duration of the drop varied considerably from product to product. In a number of instances
strong growth trends have limited the decline in sales.
Sales of consumer durables throughout the postwar period
have been considerably higher than the rate attained before
the war, as shown in the following comparison. The auto
registrations are from R. L. Polk & Co. and the other figures
are factory shipments, from Electrical Merchandising.
They are in thousands of units.
New passenger
car reyistraiions
1941
1946_
1948__
1949_
1950_ _
3, 731
1, 815
3, 167
3,491
4,838
6, 326
5,061
Television
6
179
975
3,000
7, 464
5, 100
Refrigerators
3,500
2, 100
3,400
4. 766
4; 450
6, 200
4,075
Washing
machines
2,014
2, 124
4,281
4,616
3,200
4, 406
3,533
In this article, recent developments in sales and in stocks
of consumer durable goods will be discussed, together with a
review of statistical measures of demand. These market—
or demand—estimates are based upon historical relationships
of basic influences affecting sales. These are presented for
(a) all automobiles in use, (b) sales of new automobiles, and
(c) major household articles including furniture and television. In effect this article brings up to date the market
analyses made for these products just prior to the Korean
invasion.1
From the summer of 1941, when a limitation on automobile
production first restricted the supply of cars in use, until
1951 the total supply of automobiles was below the number
which the buying public wished to operate. As the supply
of cars reached more nearly normal proportions and new cars
were becoming more readily available, limitation orders
again brought a restriction in output.
As shown in the accompanying chart, it has taken 6 years
to restore the car population to a point about in line with
long term relationships with income and population growth.
However, there is still a large number of old cars on the
road, as shown in the bottom segment of the chart.
During the period 1925-40 the number of cars in use was
related to the growth in population on the one hand and to
i "The Postwar Furniture Market . . ." by Walter Jacobs and Clement Winston. SURVEY
OF CURRENT BUSINESS, May 1950. "The Demand for Consumers' Durable Goods," SURVEY OF CURRENT BUSINESS, June 1950.
»
NOTE.—MR. ATKINSON IS A MEMBER OF THE CURRENT BUSINESS ANALYSIS DIVISION, OFFICE OF BUSINESS ECONOMICS.
income on the other. Each 1 percent increase in the number
of households was associated with a 1 percent increase in the
number of cars, and each 1 percent change in income was
associated with a change of about one-half percent in the
same direction in the number of cars. As can be seen in
the chart, these two factors accounted reasonably well for
total auto registrations in the prewar years.2
Age distribution more normal
With the total number of cars now more nearly normal,
the distortion in the age distribution of cars in use has been
gradually reduced. About half the cars in use are less than
5 years of age, \vhich is about the same proportion as in 1941
and three-fifths are postwar models. There are few cars,
however, in the 5 to 9 year group, as a result of the war period
gap in production. The number of cars over 10 years of age
is now a substantially larger proportion of the total than in
1941. This is partly due to the influence of the secular trend
toward longer life of automobiles.
Another aspect of the broad demand picture for automobiles is the more nearly normal expenditures in 1951 by
consumers for user-owned transportation. Such expenditures include not only the cost of automobiles purchased but
also garage bills, gasoline and oil, insurance, and other operating costs. During the period for which data are available
before the war (1929-40) such expenditures by consumers
showed about the same relative fluctuations as disposable
income, as compared with considerably wider fluctuations in
new-car purchases.
During the first few years after 1945 user-owner transportation expenditures were low in comparison with past
income relationships, because of the moderate output of new
cars in these years and the restricted supply of total automobiles in use. User-owner expenditures continued to rise
in each postwar year through 1950, reaching a peak of $19.5
billion in that year, about $12.5 billion higher than the prewar
peak in 1941. In 1951, they declined 5 percent, and at $18.5
billion were about in line with prewar relationships with
income, allowing for a gradual growth trend.
Basic demand factors
In analyzing the demand for new automobiles over a long
span of .years, a rather large number of influences appear to
be significant. Only the more important of these have been
incorporated into a demand equation. Those selected include: (1) income, (2) households, (3) the price of cars in
relation to all consumer prices, and (4) the average scrappage
age.3
On the basis of a least squares relationship developed
between these factors and new-car sales, it has been possible
to account for most of the variations in car purchases in the
2
Calculated from a least squares regression for the years 1925 -40. Equation: Y— 0.00009058
Xi1-069 J^V-439, where Xi=nurnber of households in millions; ^2=real disposable personal
income in billions of 1939 dollars; Y— total private passenger car registrations in millions.
Coefficient of correlation #=0.96. Sources of data: Actual—R. L. Polk & Co.; Calculatedincome and households, U. S. Department of Commerce, Office of Business Economics.
3
These factors are the same as those used in the article cited above in the June 1950 issue of
SURVEY OF CURRENT BUSINESS, except that scrappage age has been substituted for a time
trend.
19
20
SURVEY OF CURRENT BUSINESS
prewar years. The relationship is, of course, inappropriate
for the war and the early postwar years. Currently, the
relationship yields estimates which are roughly in line with
actual car sales, though the latter are affected by a number
of special influences.
The influence of the growth in population over a period of
25 years, which is the period spanned in the analysis of auto
demand, is very important. "During this period, total population increased one-third and the number of households
nearly two-thirds. Since households correspond somewhat
more closely to the " primary economic unit" insofar as the
demand for automobiles is concerned, income and the number
of automobiles purchased are both used on a per-household
basis in developing the demand relation for new cars.
The most important factor affecting new automobile sales
is the real purchasing power of individuals. This is measured
by real disposable income. Excluding the influence of other
factors, each change of 1 percent in the level of real disposable income was associated with a change of 2.5 percent in
the same direction in new automobile sales during the base
period; and each change of 1 percent in the ratio of the current
to the preceding year's income was associated with a change
of 2.3 percent in the same direction in sales.4
The age at which cars are scrapped has an important
though indirect influence upon new car sales. (The influence
is indirect in that three-fourths of the new car buyers trade
in their cars by the time they are 5 years old, but 5few are
scrapped until they are more than twice this age.)
Cars
are being built more durably, and there is a secular trend
toward longer useful life. This was accentuated in the years
soon after the war when cars were being kept in use because
of the shortage of cars available. Average scrappage age
rose to a peak of 14 years in 1949, but declined to 13.5 years
in 1950 and to an estimated 13 years in 1951. The latter
figure is 3 years greater than the scrappage age just prior to
the war.
The relationship indicates that each increase in scrappage
age of one year was associated with a decline in new automobile sales of about 7 percent, other factors remaining
unchanged.
The final factor used in the demand equation is the price
of automobiles in relation to the Consumers' Price Index.
In the first few years after the end of the war the list price of
automobiles had risen about the same from the 1935-39
period as consumer prices generally, and the demand for
cars at this price exceeded the supply available. By 1949,
there was some easing in consumers' prices as a whole, but
automobiles—still in short supply—advanced in price.
Since that time the ratio of automobile prices to the Consumers' Price Index has been higher than in the prewar
period. According to the demand equation, this has had
an appreciable influence upon car sales. Aside from the
influence of other factors, each 1 percent increase in the
ratio of the price of cars to the Consumers' Price Index was
associated with an average decrease of one and one-third
percent in new car sales in the base period. The price of
cars includes only standard accessories. The cars sold in
the postwar period have had more accessories and more
deluxe features than those sold in earlier years, and as a consequence the total price paid by auto purchasers has
increased somewhat more than the price indexes.
4 Calculated from a least squares regression for the years 1925-40. Equation: F=0.0003239
AV- S3 ° A'23-2PI AV1-359 (O.Q;^)*4, where Xi=real disposable income per household in 1939
dollars: A'a=percentage of current to preceding year in real disposable income per household
in 1939 dollars: A"3=percentage of average retail price of cars to consumers' prices; X4=average
scrappage age; y=new private passenger car registrations per 1,000 households. Coefficient
of correlation /? = 0.98.
Sources of data- Actual K. L. Polk & Company; calculated-income and households,
U S. Department of Commerce; prices, U. S. Department of Labor, Bureau of Labor Statistics and Automobile Manufacturers Association; scrappage age. Automobile Manufacturers Association.
Alternative, equations and some limitations on this type of analysis are discussed in the
technical notes at the end of this article.
5
Survey by Alfred Polity, Bureau, April 1951 for Automobile Manufacturers Association.
April 195
One aspect of these factors of special interest is tha
combinations of two of them affecting demand in the sam«
direction imply a very substantial change in automobiL
sales. For example, a decline of one year in scrappage ag<
along with a reduction of 10 percent in car prices in relatioi
to other prices, at current income levels, would be asso
eiated with an increase of 1 million car sales.
Passenger Automobile Transportation
Rebuilt Since the War
If took 6 years to bring autos in use about in line with
income and population growth
MILLION CARS
50
TOTAL
EXTENSION OF 1925-40
RELATIONSHIP
REGISTRATIONS
40
NOT CALCULATED
FOR WAR YEARS
30
ACTUAL
20
'CALCULATED
10
0 I
I
1 1 1 1
1 I
I
1
I
I
I
I
I
I
I
I
I
I
I
I
I
1
I I
I
I
Sales roughly consistent with prewar relationships
8
NEW REGISTRATIONS
6 -
2 © 1ST QTR., ANNUAL RATE
LVI
1925
27
29
31
33
35
37
39
41
43
1 I
I
45
47
49
I
I
l.nl
51
The proportion of over-age cars in use is about the same
as in 1941, although the number is now 2 million higher
40
OVER-AGE CARS
10 YEARS AND OVER
30
5 - 9 YEARS
20
UNDER 5 YEARS
10
1941
1948
1951
JULY 1 OF EACH YEAR
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
52 - 38
As shown in the middle panel of the chart, the use of these
fonr factors in the estimating equation accounts for almost
all of the variation in the sale of new cars in the base period
1925-40.
For the years 1941 through 1950, either the demand or the
supply of automobiles was affected by special influences. In
1941 new automobile production was curtailed, and then after
the war a combination of influences delayed the attainment of
April 1952
SURVEY OF CURRENT BUSINESS
mass production of automobiles until about 1949. For the
next two years production was at very high rates as the wartime backlog was being worked off, and then in the latter part
of 1950 and early 1951, there was an acceleration of buying as
fears of shortages and price advances led to a temporary upsurge.
Current estimates in line with actual sales
As the economy generally overcame the inflationary demand situation after the first quarter of 1951, sales of automobiles in the second half of 1951 declined to 4.5 million on an
annual rate basis, which was about the output permitted
under CMP regulations and also about equivalent to the
calculated United States demand based upon prewar relationships and the export of about 225,000 during 1951.
On the basis of preliminary estimates, in the first quarter of
1952 the usual demand influences have roughly the same
strength as in 1951. Production of cars was held below 1
million in the first quarter of the year by restrictions of the
NPA both on the materials to be used and by quotas on the
number to be assembled in the quarter. Stocks of cars in the
hands of dealers at the beginning of the year were a little
greater than one month's sales, and they have not shown the
usual seasonal rise in anticipation of spring buying. Meanwhile, the easing in the supply of materials permitted an increase in allocations to automobile builders, and the assembly
of cars expanded in the latter part of the first quarter and the
beginning of the second.
Other factors
As indicated above, a number of influences, some of them
of considerable significance, have not been included in the
demand equation described. Of these, credit terms are
especially relevant at the present time.6 Nearly half of the
new automobiles are purchased on installment credit. The
typical purchaser of a new automobile is able to obtain the
down payment required by the disposition of his old car,
and thus the down payment is not often a critical factor.
On the other hand, the monthly payments required are apt
to be a sizable portion of the purchaser's budget, and thus
the number of months for which the car may be financed is
an imnortant influence affecting car sales. Under Regulation W, the period of financing for new cars was restricted
from a typical 24 months to 15 months. In August 1951,
the period was increased to 18 months.
A substantial redistribution of the human population has
taken place in the period since 1925, including (1) a shift
toward the West, (2) a decline in farm population, (3) an
increase in urban population with the suburbs growing much
more rapidly than the cities. A related development is the
increasing traffic congestion in the heart of the cities and on
the main roads leading to and from the cities; this reflects
the increasing use of automobiles and in turn tends to limit
the usefulness and hence the demand for private passenger
automobiles. To some extent the influence of these shifts
in population tends to be offsetting.
The technological improvement in automobiles has been a
substantial influence affecting the growth in demand for
automobiles, but it has been a continuous development which
has brought, in turn, self-starters, 4-wheel brakes, all-steel
bodies, improved engine performance and durability, and
finally automatic transmissions and back-up lights. Since
population shifts and improvements in vehicles have been
reasonably continuous over the past quarter-century, their
influence will be implicit in the specific factors introduced
into the equation.
A final special influence affecting automobile sales is the
6
Installment credit data from the Federal Reserve Board.
21
long period during which a seller's market has prevailed.
Eleven years have now elapsed since the automobile industry
has been in the position of being able to produce more cars
than customers were waiting to purchase. Under these
conditions only a limited selling effort has been required.
There has been 110 need nor opportunity to push the sale of
cars in the manner which was the rule in the industry before
the war. But now that the backlog demand in terms of
numbers has been satisfied, as materials become more readily
available increased production of automobiles will make possible some appeal to price-conscious customers.
In sum then, if the materials situation permits and general
economic conditions remain favorable, the automobile industry may be expected to again place increasing stress upon
merchandising policies. No market formula can give more
than approximate results, and as pointed out earlier, a moderate change in the factors can alter substantially the market
calculation.
Household Appliances and Furniture
Consumers purchased more household appliances and
furniture in relation to real income in the early postwar }^ears
than in the prewar period 1929-40.7 As shown in the chart,
this margin was substantial in 1947, but narrowed in the two
succeeding years.8 In 1950, again, the buying ahead of these
Volume of MAJOR HOUSEHOLD APPLIANCES and
FURNITURE purchased in 1951 was below the
prewar relationship to income
BILLIONS OF 1959 DOLLARS
6
NOT CALCULATED
FOR WAR YEARS
]
1929
I
I
31
I
I
33
i
35
S
!
37
t
I
39
j
I
I
4>
I
43
1
|
45
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
I
I
47
I
J
49
I
51
52-45
products resulted in purchases substantially higher than that
indicated on the basis of prewar relationships. This was
followed by a decline of about one-fifth in 1951, at which
point the volume of purchases was below that of any year
since 1946, and appreciably below the rate indicated by
prewar relationships.
Sources of data: Actual—U. S. Department of Commerce, Office of Business Economics;
calculated income—U. S. Department of Commerce, Office of Business Economics.
22
SURVEY OF CURRENT BUSINESS
April 195!
Household durable goods with strong growth trends in sales
Million Units
Million Units
1.0
2.5
Million Units
10.0
2.0
.8
8.0 -
'1-6
.6
6.0
LO
.4
4.0 -
2.0
•A/ft
CONOlTtQNERS
v¥?\"*T"\^™r*¥
1940
42
44
46
48
50
1940
42
44
46
48
50
1940
42
44
46
48
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
Strong growth trends for some appliances
For these major items as a group, the general level of spending in the postwar years has been roughly in line with prewar
relationships to income. The individual items, however,
have been subject to a great deal of shifting in the years since
the end of the war. Thus, the most important household
appliance in terms of value of sales, television, is strictly a
postwar development as shown in the accompanying chart,
and the tremendous growth in television sales has been accompanied by a decline in sales of radios. Farm and home
freezers, clothes dryers, and air conditioners are other major
appliances, sales of which have become significant only in the
years since the end of World War II. Electric ranges, refrigerators and washing machines, which were all growing
rather rapidly in the decade before the war have all reached
much higher sales in the postwar years.
Sales off., stocks up in 1951
Sales of most of these products were lower, however, in
1951 than in other recent years. Only a few of the products
with especially strong growth trends—such as freezers, dishwashers and clothes dryers recorded higher sales in 1951.
The major appliances which were already in wide use before
World War II—refrigerators, vacuum cleaners, washing
machines, and electric ranges—experienced a sharp drop in
demand during 1951, and sales were only moderately higher
in the opening quarter of 1952. These products had shared
heavily in the wave of anticipatory buying during the latter
part of 1950 and the first quarter of 1951. When buying
declined sharply in the second quarter, production, which
had been advanced substantially higher than in 1948, was
cut nearly one-half by mid-summer. By this time considerable accumulation of inventories of these products had
developed in factories and trade channels.
The stock accumulation was general, though there was
some variation among those products for which estimates
are available. The stock position in these lines differs
from that in the automobile industry, where inventories
have remained moderate.
The principal deviation from the general pattern was the
delay in stock accumulation of farm and home freezers.
Stocks of freezers were low in the first half of 1951 and rose
only moderately through the summer months as consumer
buying was well maintained through the usual seasonal
peak in the summer period. Stocks held by factories and
distributors were equal to 1 month's sales by August of 1951,
but thereafter rose rapidly, reaching a peak in February
1952 about three times as high as current monthly factory
sales.
For the year 1951 as a whole, factory sales of freezers
passed the million mark for the first time, exceeding sales of
the year before by 160,000. By contrast, refrigerator shipments at 4 million units in 1951 were a third lower than in
1950 as stocks in factory and distributors' warehouses rose
by one-half million during the year.
Electric range sales and stocks have followed the same
pattern as refrigerators, though the industry has had a considerable expansion in the postwar period, as shown in the
accompanying chart. Factory shipments of 1.4 million in
1951, while down nearly one-fourth from the preceding year,
were, nevertheless, the highest of record except for that
year and 1948. Stocks of factories and distributors, which
had been about equal to one month's sales at the beginning
of the year, were equivalent to about two months' sales at
the reduced rate at the year-end.
Though stocks of these three major appliances—freezers,
refrigerators, and electric ranges—in the hands of manufacturers and distributors early in 1952 were as high or
higher than in mid-year 1951, the scattered information
available indicates considerable decline in retail stocks of
these products during this period.
Inventories of television sets were substantially curtailed
at all stages of production and distribution in the latter
part of 1951. The contrast with refrigerators is principally
due to seasonal influences, which brought a rise in television
sales after midyear and a decline in refrigerator sales. Except for the seasonal influences, the sales trends in the pastyear are roughly similar.
Over a longer period of time, the prospects are quite
different. Refrigerators have had a remarkable growth
ipril 1952
SURVEY OF CURRENT BUSINESS
luring the past 20 years, and are now in use in nearly all
lomes wired for electricity in the United States. Television
las grown rapidly since the war but has reached only a
fraction of its potential. There are now about 15 million
television sets in use, or about one in every third home. In
five major cities with three or more stations, between 55
percent and 65 percent of the homes have television sets.9
One influence which contributed to the temporary halt in
the growth of television sales was the freeze on new television stations. The opening of new stations in areas not
now served will broaden the market for television.
23
estimates which met the usual canons for such relationships.
As will be explained, there was a considerable margin of preference for the equation presented in the chart over each of
the alternative ones. Three of the four equations gave estimates for recent years quite close to those shown in the
INVENTORY ADJUSTMENT has been substantial
for television sets...
Millions of Units
3 ~
Less decline in furniture
The demand for furniture and housefurnishings held up
appreciably better in 1951 than that for the major household appliances. Retail sales of furniture and housefurnishings stores were as high as in 1950, whereas sales of the
appliance and radio stores were down more than 10 percent.
In the first two months of 1952, sales of furniture and housefurnishings stores were below the records established a year
earlier but were higher than at amr time in the pre-Kcrean
period. Stocks held by both manufacturers and retailers
were pared during the latter part of 1951, arid were lower
in the first two months ot 1952 than a year earlier. In
general, the fluctuation in demand for these products has
been less extreme than that for the major appliances.
The fear of shortages, which was one of the influences
leading to the anticipatory buying, was of little consequence
for the furniture and housefurnishings items. To the extent
that the anticipatory buying was a reflection of expected
price advances, these products were on a par with the major
appliances, as their prices have in general shown greater
fluctuations. In the case of carpets, the price change was
sharply upward in 1950 and early 1951 as raw material
prices—especially carpet wool—soared.
Although the anticipated shortages which spurred consumer durable buying did riot develop, the anticipated price
rises have been realized for an important group of the products. For automobiles, the increase in retail prices paid by
consumers has been about 10 percent since June 1950. Prices
of furniture and major appliances except television have
shown a somewhat similar rise, and the first substantial reduction in list prices occurred in early 1952. On the other
hand, these articles have been available at special sales, and
discounts have increased substantially. Television prices
have been reduced, both list and effective prices, more than
enough to offset the imposition of the manufacturers' excise
tax of 10 percent in November 1951.
Supplies adequate
The supply of materials for the major household appliances became a potential problem when shortages brought
restrictions and allocations during 1951. A combination of
expanding raw materials output, the "stretch-out" in defense
schedules, and—most important of all—restrained consumer
demand has resulted in good supplies for current needs.
Technical Notes
Though simpler equations are often possible for other
kinds of products, none of the variables in the automobile
demand equation could be dropped without reducing appreciably its estimating value. Furthermore, because each of
the variables represents an important element in the demand
situation, only limited substitution of other factors was at
all promising. There were, however, a number of almost
equally plausible arrangements, four o£ which yielded good
9
Source: Radio—Television Manufacturers Association.
\
ALL INVENTORIES
(INCLUDING RETAIL)
V
INVENTORIES
(FACTORY AND
DISTRIBUTORS)
PRODUCTION
I I I I I I I I I I I I ! I
I I I i I I t M I I I I I I I
but refrigerator stocks remain high.
INVENTORIES
(FACTORY AND
DISTRIBUTORS)
MANUFACTURERS9
SALES
r>» I I i t I I I I I I I I I M
1950
I I I I I I I I I I I I I I I I I
1951
1952
U S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
52-41
chart. The exception was a regression calculated on a per
capita rather than a per household basis, which gave current
estimates about 10 percent lower than the equation used,
with equally good fit in the base years.1 The household
seems to be more nearly the relevant economic unit to consider in estimating the demand for cars. The per-capita
equation was computed principally because of the significant
difference in the growth of the population as measured in
these two ways during the period for which the demand w^as
analyzed.
A second alternative was the substitution of a time variable
for the scrappage age.2 This made little difference in the
calculated values for this period, but might introduce errors
if there is a change in the scrappage trend.
Other alternatives include (a) the use of the same factors
* Calculated from a least squares regression for the years 1925-40. Equation: Y— 0.03642
^2.5054 ^2.3296 ^-1.28(59 (0.881)*4, where Xi=real disposable income per capita in 1939 dollars;
Xz= percentage of current to preceding year in real disposable income per capita in 1939 dollars,
X* and .X* are the same variables as shown in footnote 4 on page 20 and F=new private
passenger car registrations per 10,000 people. Coefficient of correlation R =0.98.
2 Calculated from a least squares regression for the year 1925-40. Equation: Y= 0.0005952
Xi2.4586X22-28°8-X"3-1-4825(0.991)S where all variables are the same as those shown in footnote 4
on page 20 except £=ycar minus 1933. Coefficient of correlation #=0.98.
SURVEY OF CURRENT BUSINESS
24
3
on a total rather than a per household basis, and (b) the
use of the same factors on a linear rather than a logartlimic
basis. 4 These accounted for a somewhat smaller proportion
of the variation in new auto registrations, and were less
logical relationships, though they gave similar current estimates to the equation used.
One of the important limitations of the method used in
estimating the demand for automobiles is that the relationships are based upon a 16-year period which ended 12 years
ago. By any standard this is an uncomfortably long period
to extrapolate results, and values for some of the variables
are well beyond the values prevailing in the base period.
The number of households has risen by two-thirds since 1925
and the scrappage age is now considerably above the peak
of 10 years reached in 1940. On the other hand, real income
per household is only about one-sixth higher than the peak
reached during the base period in 1929. The price ratio in
recent years is moderately above any base year.
The price used for automobiles is the retail price index of
the Bureau of Labor Statistics for the period for which it is
available, 1935 to date, linked to an index derived from the
wholesale value and number series of the Automobile Manufacturers Association for prior years. These two series
differ in a number of characteristics, the most important of
which is that the BLS data represent specific models or
makes, whereas the AMA are derived from the total sales in
each year and vary with the changing product mix of the
industry.
The new registrations estimates are affected by special
provisions in certain State laws which result in small differences between sales and registrations of new cars. Neither
of these limitations seems sufficiently important to affect
seriously the results obtained.
New Construction Activity in 1952
(Continued from page 12)
Long-run backlogs of demand large
The figures discussed above reflect only the immediate
backlog of public construction which can be expected to
influence activity during the next year or two. Of signifis Calculated from a least squares regression for the years 1925-40. Equation: F=0.000005110
Xi2-4486^2-*69^-1-2288(0.841)^*, where Xi=real disposable income in millions of 1939 dollars;
Xi=percentage of current to preceding year in real disposable income in millions of 1939
dollar?; X?, and X* are the same variables shown in footnote 4 on page 20 and y=new
private passenger car registrations in thousands. Coefficient of correlation 7?=0.97.
4
Calculated from a linear least squares regression for the years 1925-40. Equation: Y=
50.5913+0.1001+O.OS41Xa —1.1244^3—6.4374X}, whore all variables are the same as those
shown in footnote 4 on page 20, except V2—change in real disposable income per household
in 1939 dollars. Coefficient of correlation /?=().%!
April
cance also is the fact that for most types of nondefense pub
lie construction, much larger backlogs as indicated by neec
are plainry evident. Despite the deficiencies in both street:
and highways, the present level of highway construction ii
terms of constant dollars is below that for 1939 and 1940.
The longer-run backlog of other types of public construction is also large. Estimates indicate that approximately
250,000 new classrooms are presently needed to correct
only the most obviously unsatisfactory conditions. An
additional 350,000 new classrooms will be needed during the
course of the next 7 years to keep pace with the normal
replacements and the increase in school enrollment. This
program is estimated to cost approximately $20 billion.
Further, hospital bed shortages are presently estimated at
about 900,000, as compared with new additions in 1951 of
40,000. These figures serve to point up the potential magnitudes involved in the longer-run backlog of nondefense
public construction, provided the means can be found to
finance and support an expansion of this nature.
Business Investment and Sales in 1952
(Continued from page 18)
expansionary force on the economy as in the earlier postKorean period.
Businessmen's sales expectations for 1952 show not much
change from actual rates in the early part of the year.
Possibly as a reflection of businessmen's projection of maintenance in sales in the near-term, inventory investment
has been evidencing stabilizing tendencies in recent months
at levels not far out of line with usual sales relationships.
Future inventory movements, therefore, may be expected
to depend upon the course of sales for the rest of this year.
As to the other principal sectors of the gross national
product, the major increase—and a large one—comes in
Government procurement for defense which will rise throughout 1952. There is less certainty as to the trend in consumers' investment in houses or their purchases of goods
and services—although, as discussed more fully elsewhere
in this SURVEY, housing demand is currently quite strong
and consumption expenditures are showing some firming
tendencies. The latter remain low nevertheless in relation
to current income.
Thus, Government is the only sector which is certain to
have an expansionary effect on total economic activity in
1952. Any other significant movement in national product
which may occur will probably be dependent on changes
in consumers' demand.
New or Revised Statistical Series
GOVERNMENT PURCHASES OF GOODS AND SERVICES—NEW SERIES FOR 1947-1951 FOR PAGE S-l 1
[Seasonally adjusted quarterly totals at annual rates; in billions of dollars]
1947
I
II
Government purchases of goods and services 27.4 28.4
Federal
17 6 17 2
National security
12.9 15.6
National defense 2
12.6 13.6
Other national security 3
_
.3 2.0
Other 4.7 1.6
2.1 1.3
Less: Government sales _
_
State and local
11.9 12.5
III
28.7
16 6
11.6
10.8
.9
5.0
.9
13.0
1948
IV Total
29.9
16 9
13.2
11.9
1.3
0 Q
.9
13.8
28.6
17 1
13.3
12.2
1.1
3.8
1.3
12.8
i
II
III
31.6
18 2
14.6
11.5
3.1
3.7
1. 1
14.4
35.6
21 1
15.6
11.6
4.1
5.5
.7
15.1
38.9
23 3
16 9
11.4
5.5
6.4
.4
16.1
1949
IV Total
40.3
24 0
17.2
12.3
4.9
6.7
.4
16.7
36.6
21 7
16.1
11.7
4.4
56
.6
15.6
1950
I
II
III
IV Total
43.1
25 9
19 4
13 6
5.8
66
3
17.5
44.5
26 9
20 5
13 9
6.6
6 3
3
17.9
43.5
25 9
19 4
13 5
5.9
6 5
43.6
25 9
19 3
13.6
5.7
66
4
18. 1
43.3
24 8
17 9
13.3
4.7
69
3
18 4 18.8
1951
I
II
III
IV Total
41.3
22 2
17 0
12 6
4.4
53
3
19 3
40.1
21 1
17 3
12 2
5.1
38
2
19.2
40.8
21 4
18 1
14 4
3.7
3 2
42.5
23 1
19 1
14.9
4.3
39
2
19.7
47.8
27 5
24 1
20.2
3.9
3 4
2
9
19 7 20 4
I
II
III
53.2
32 4
28 9
25 6
3.3
3 5
2
21.0
60.3
39 1
35 3
31 7
3.6
37
.2
21.3
67.7
46 4
41 8
38.6
3.2
46
.2
21.4
IV Total
70.7
40 2
44 1
40 5
3.6
51
2
21.7
63.0
41 S
34 1
3 4
4 2
2
21 4
1 Compiled by 17. 5. Department of Commerce, Office of Business Economics. New series showing additional detail of Federal purchases for 1947-51. Data on national security purchases
are comparable to the war purchases series shown for 1939-46 in table 2, p. 150, and table 43, p. 207, of the 1951 National Income Supplement to the SURVEY OF CURRENT BUSINESS. An explanation of the earlier series appears on p. 135 of the Supplement.
2
Includes the purchases of the following agencies: Atomic Energy Commission, Defense Department, Maritime Administration (before 1950), National Advisory Committee for Aeronautics, and Selective Service System; and for the following programs: Defense production and economic stabilization, foreign military assistance administered by Mutual Security Agency
(formerly Mutual Defense Assistance program), and the stockpiling of strategic and critical materials.
3
Includes the purchases of the following agencies: Maritime Administration (after 1949), National Security Council, National Security Resources Board, Philippine War Damage Commission, and State Department; and for the following foreign economic assistance programs: Those now administered by the Mutual Security Agency, government and relief in occupied areas,
India Emergency Food Aid, International Children's Emergency Fund, and Yugoslav Emergency Relief Assistance.
BUSINESS STATISTICS
A HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1951 Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $1.50) contains monthly data for the years 1947 to 1950, and monthly averages for earlier years
back to 1935 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1947. Series
added or revised since publication of the 1951 Supplement are indicated by an asterisk (*) 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 and dollar values refer to adjustment of monthly figures for seasonal variation.
Monthly averages for 1951 are shown in the March 1952 Survey of Current Business.
series will be found in the Weekly Supplement to the Survey.
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
Data subsequent to February 1952 for selected
1952
1951
Febru-
ary
March
April
May
June
July
August
September
October | Noh™m-
December
January
February
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates:
National income total
bil of dol
Compensation of employees, total
do
"VV'i^es and salaries total
do
"Private
(Jo
Military
do
Government civilian
do
Supplements to wages and salaries
do
Proprietors' and rental income, totaled do
269 4
172.1
163 6
137 1
7.8
18 8
8.5
48.8
24 1
16.4
83
274.3
177.5
168 9
140.6
8.9
19.4
8.7
48.1
23 6
16.3
8.2
278.0
180.6
171 7
141.3
281.2
182.0
173 1
142.0
8.9
49.1
23 4
17.3
8.4
8.9
49.8
23 6
17.6
8.5
42 9
51 8
31.1
20.7
—8.9
5.6
43.0
45 4
27.0
18.4
—2.3
5.7
42.6
39 8
23.7
16. 1
2.8
5.8
43.6
41 1
24.5
16.7
2.5
5.8
Gross national product, total
do
Personal consumption expenditures total do
Durable goods
do
Nondurable goods
do
Services
do
Gross private domestic investment
do
New construction
do
Producers' durable equipment
do
Change in business inventories _
do
Net foreign investment
do
Government purchases of goods and services,
total
.-bil. of dol
Federal (less Government sales)
do
State and local
do
319.5
208. 8
31.3
112.1
65.4
60.2
23.8
25.9
10.6
-2.7
328.2
202.4
25,9
110.1
66. 5
65.6
22.7
27.2
15.8
—.1
329.5
204.0
25.2
111.5
67.3
56.6
21.6
27.0
8.0
1.2
334.6
206. 7
25. 0
113.0
68.1
54. 6
20.7
29.0
4.9
2.5
53.2
32.2
21.0
60.3
38.9
21.3
67.7
46.2
21.4
70.7
49.0
21.7
Personal income, total
Loss: Personal tax and nontax pavments
Fquals* Disposable personal income
Personal saving§
244.1
27.6
216.5
7.8
249.9
28.1
221. 8
19.4
253.2
28.4
224.9
20.8
257. 0
29.7
227.2
20.5
Farm
do
"Rental income of persons
do
Corporate profits and inventory valuation adjustment total
bil of dol
Corporate profits before tax total
do
Corporate profits tax liability
do
Corporate profits after tax
do
Inventory valuation adjustment
do
Net interest
do
do_
do
do
do
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:
Total persona] income
- bil. of dol
Wage and salary disbursements, total
do
Commodity-producing industries
do
Distributive industries
do
Service industries
do. _
Government _
_ _ _ _ _ _
do
Wage and salary receipts, total 9
do
Other labor income _ _ ___ _ .
do.
Proprietors' and rental income
do
Personal interest income and dividends. _do
Transfer payments
do
Less personal contributions for social insurance 0
bil. of doL.
Total nonagricultural income
do
243.3
163.4
72.4
44.5
19.8
26.7
160.0
3.8
48.2
19.2
12.1
245.5
165.9
73.7
44.9
20.0
27.3
162.2
38
47.7
19.7
12.1
249 0
168.2
75.0
45.3
20.1
27.8
164.8
3.8
48 1
20.2
12.1
249.8
168.8
74.6
45.6
20.2
28.4
165.1
3.8
48 0
20.2
12.7
251.0
169.9
75.2
45.6
20.3
28.8
166.4
3.8
48.0
20.0
12.8
252 4
170.6
74.8
46.0
20.3
29 5
167.1
38
49 2
19.7
12.6
253 7
170. 8
74.5
46.2
20.3
29 8
167.4
38
49 7
20.1
12.7
253. 6
171.7
75.0
46.4
20.3
30.0
168. 3
3.8
48 3
20.7
12.5
257 5
173.1
75.1
46.1
20 4
31 5
169.5
38
50 5
20.8
12.9
256 5
174.3
75.1
46.1
20 5
32 6
170.7
39
49 i
20.2
12.6
258. 6
175. 4
76.8
46. 5
20. 7
31. 4
171.9
3.9
49 8
20.7
12.3
3.4
3.7
3.4
3.7
3.5
3.5
3.4
3.4
3.6
3.6
3.5
222.9
225.2
227.8
229.0
230.1
230.1
231.3
232.1
234.5
234. 8
235.9
257 7
'175.8
T
76. 7
' 46. 8
20 7
r
r
r 31 f,
172. 1
3 9
r 49 9
••19.4
12.9
4.1
' 235. 8
257 1
176.6
77.0
40. 9
20 9
31 8
173.0
3 9
48 4
19.7
12.5
4.9
236.9
NEW PLANT AND EQUIPMENT
EXPENDITURES
4,863
5,913
5,844
i 6 051
'6 672
r
2,154
2,802
2,841
3, 335
i 3 120
r
183
i 213
203
199
211
r 449
i 395
303
412
377
r 130
i 140
125
136
120
r ggg
753
893
933
i 838
1
1,345
1,467
1,374
' 1, 549
1, 345
r
Revised.
* Estimates for January-March 1952, based on anticipated capital expenditures of business.
concludes inventory valuation adjustment.
§ Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product
above.
9 Derived by deducting employee contributions for social insurance from total wage and salary disbursements.
©Data through 1951 represent employee contributions only; thereafter, personal contributions of self-employed persons are also included.
JRevised beginning 1945. For revised annual data for 1945-51, see p. 5 of the January 1952 SURVEY; and for quarterly
data beginning 1947 for manufacturing, p. 20 of the December 1951 issue.
All industries, quarterly totalt
mil. of dol__
ManufacturingJ
_ _
.._ __do. __
Mining __ __
__
do
Railroad
__ __ __
do_ _ _
Other transportation _ . _
do
Electric a n d g a s utilities
_ _ _ _ _ _ __do
Commercial and miscellaneous
do
S-l
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
April 1!)52
195]
February
March
April
May
June
July
19 52
August
September
October
Novem- I December
ber
February
January
GENERAL BUSINESS INDICATORS—Continued
FARM INCOME AND MARKETING SJ
Cash receipts from farming, including Government
payments, total
_ - .mil. ofdolFarm marketings and CCC loans, total -- do ._
Crops
do
!
Livestock and products, total
. do
Dairy products-_ _ do _ _ _
Meat animals
do
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities
1935-39=100
C^'ops
do
Livestock and products
_ do. .Indexes of volume of farm marketings, unadjusted:
All commodities
1935-39=100
Crops
do
Livestock and products
do
r 9 R49
9 Q43
(]ig
9 Q1Q
1,899
1,873
557
1,316
317
769
220
2,071
2,019
523
1,496
366
834
275
2,137
2 088
465
1,623
368
930
288
2,153
2, 120
436
1,684
438
871
309
2,169
2 143
MOO
1.537
437
753
296
2,652
2, 641
1,085
1 , 55f>
408
833
285
2,992
2, 985
1,315
1,670
393
960
295
3, 395
3,387
1 642
1, 745
348
I 058
325
4 355
4, 345
2 294
2 051
341
1 350
348
3 601
3 584
1 765
1 819
316
1 098
397
3 115
3 007
1 530
1 567
868
356
1 508
' 330
213 !
281
195
346
303
183
393
313
163
427
319
153
444
323
914
405
398
384
410
450
465
440
511
580
459
655
811
540
541
6°4
479
467
r 305
104
79
123
111
71
141
113
61
152
117
57
163
123
84
152
151
153
148
168
186
154
184
218
158
219
273
178
180
217
219
222
223
223
214
220
223
222
220
228
231
232
233
232
223
229
r 232
230
229
°27
r 99R
268
252
154
193
134
328
217
215
222
275
263
160
195
141
335
209
202
225
278
264
169
185
161
337
211
204
227
277
263
168
266
253
151
160
146
328
199
188
225
269
254
158
165
154
328
197
191
213
273
258
158
167
153
336
197
190
214
276
261
158
171
151
340
201
190
230
277
261
155
r 28Q
9f,3
r
r 97ft
336
200
197
227
276
261
164
104
163
338
205
197
225
221
186
176
253
304
262
232
207
180
269
314
265
243
231
183
292
311
255
242
242
184
275
310
248
241
251
184
266
307
238
239
248
179
273
293
216
238
251
182
259
305
223
237
254
180
251
311
226
230
252
182
228
311
223
222
r 9fH
Nondurable manufactures
do __..
Alcoholic beverages
do
Chemical products
do
Industrial chemicals
do
Leather and products
do
Leather tanning ..
_._ _ _ _do ...
Shoes
do
Manufactured food products _ _ _ _
do.. . Dairy products
do
Meat packing
do
Processed fruits and vegetables
. . .do
196
198
291
510
125
120
128
149
101
142
100
194
185
296
524
118
104
127
149
120
147
97
195
175
298
532
106
97
112
152
153
150
103
197
180
188
190
301
554
83
71
92
176
221
141
191
197
179
303
557
98
80
110
189
215
139
263
••199
193
T
303
r
560
100
83
111
192
169
149
297
193
197
303
556
91
80
98
177
128
156
210
r
191
178
r 304
T
563
91
81
97
r
164
98
188
111
r 1£5
r 18-]
154
145
538
97
88
103
159
196
149
108
197
191
300
548
98
86
106
165
22]
144
123
r QA9
r co-j
r 55"
Paper and products . - . . . _ . . do __
Paper and pulp
do
Petroleum and coal products. - _ _ _ . d o
Coke
do
Gasoline
do
Printing and publishing
do
Rubber products
do
Textiles and products
do
Cotton consumption-. _. .do
Rayon deliveries . _
do
Wool textiles
_ _ _ - do
Tobacco products
do
208
198
269
183
198
176
235
194
174
390
144
170
208
198
269
184
199
179
239
188
175
374
133
161
215
205
255
185
193
188
238
185
153
380
146
167
212
201
263
186
207
179
247
190
164
377
144
172
209
199
263
187
912
170
251
185
157
378
137
178
189
182
262
183
211
155
243
160
123
379
100
167
196
189
265
187
213
166
243
170
145
360
115
190
196
191
266
185
214
180
245
163
142
334
114
188
196
191
269
185
212
181
239
154
140
293
114
191
191
187
276
185
214
183
i- 245
157
144
289
120
198
183
181
Minerals
. .._
._. do ._
Fuels
do
Anthracite
do
Bituminous coal- . _ _ _ _ _ _ _ _ _ _ _ do...
Crude petroleum
do
Metals
do
153
163
89
125
185
94
153
163
48
127
189
92
162
167
64
133
191
129
168
.168
83
126
192
166
169
169
86
133
191
171
161
160
66
105
192
166
170
171
77
134
194
167
171
172
79
137
195
166
176
179
104
147
199
162
r 337
r 9
r
C^K
1 111 '
-t
OTO
OOA
oo-
KA-I
412
]C)9
172
397
160
1 68
1 55
19•> ,
-^
;
INDUSTRIAL PRODUCTION
Federal Reserve Index
Unadjusted, combined index
Manufactures
1935-39=100
do
Durable manufactures
do
Iron and steel
do
Lumber and products _ - do ...
Furniture
do
Lumber
_. _
do ...
Machinery
do
Nonferrous metals and products
do
Fabricating
_ .. _ . _ _ - d o - _ _
Smelting and refining
do
Stone, clay, and glass products
do
Cement
_ _ _ -do
Clay products
do
Glass containers
do
Transportation equipment
do
Automobiles (incl parts)
do
Adjusted, combined indexcf
Manufactures
173
165
r
r
r
r
°17
1^0
-
226
261
T
] \2
T' \ 4~
r 1 74
146
347
209
198
236
217
237
179
206
r
313
r
216
r
199
r
125
1 00
r 3-9
T
r 207
T
r, 91 r
r
196
2° 5
r
3 r iQ
21 5
204
211
' 205
] 8P
99f)
r 1 77
r 1 f\r\
8S
r
QC
195
98
-t c 1'
009
p J£^
1 *\9
300
86
7Q
94
1 58
f 207
~
2i 44
°01
r Q91
r
f ofii
r 9 1
1
1 52
86
p i /jo
•t -r
r 1 QQ
'87
90
187
1P5
194
-i or i
r 281
r 280
P 28^
185
01 C
188
1 QC
r
T 91 1
178
170
-OKA
175
157
144
f \ 5R
1 50
094
152
136
283
118
13*7
r
116
176
i (•-
169
178
99
152
196
1 15
158
r 1()2
•p ^ ftft
oc
01
T 995
135
1 1*7
ino
r 1 CM
1 '-i •%
r
1 Qk
00
do
221
222
223
222
221
212
217
218
21^
219
r 21Q
_ __ . do
232
234
234
233
231
222
226
228
22G
228
228
r oqn
T 9'-} 9
271
169
156
217
222
237
245
186
261
277
169
156
209
225
243
252
189
269
279
170
162
211
227
247
243
189
292
276
163
158
206
227
236
231
184
257
274
153
147
205
226
239
235
184
269
265
141
131
199
226
237
226
177
285
267
146
137
197
213
228
222
176
249
271
146
135
196
214
228
219
173
246
274
149
138
201
230
21Q
217
172
222
277
157
149
209
235
212
219
r 282
153
141
r 207
r 281
r 1 en
P 284
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 _
r 173
OO K
91 o
r
oon
T IKQ
1 f^4
r 215
r 91 ^
r 94Q
r 9-1 7
T>
999
949
r 1 SA
999
90 Q
204
216
r 192
-IOC
Nondurable, manufactures
do
201
199
198
198
197
187
193
188
188
225
Alcoholic beverages
do
207
187
179
178
175
178
1 74.
1 7ft
184
178
188
r
288
292
Chemical products _
- _ do _._
296
r 298
298
302
305
r 9QQ
306
301
r 2Q8
299
122
Leather and products
_ _
do
118
106
99
97
85
99
100
91
i nn
89
88
112
Leather tanning
_
__ do ._
105
97
88
89
75
81
84
80
78
79
86
r i«n
Manufactured food products
do
166
167
168
167
165
164
166
167
163
142
Dairy products
do
147
146
148
150
i °.fi
150
148
143
140
137
1 CO
Meat packing
__
do _
148
159
163
149
145
162
152
168
157
168 )
Processed fruits and vegetables
do
158
169
176
166
160
147
139
152
163
' 121
126
'134
M43
T
Revised.
* Preliminary.
JData through 1950 have been revised to incorporate changes in methods of estimation (notably for truck crops) and to reflect revision? of production, disposition, or price. Revisions,
extending back to 1910 in some instances, are shown on p. 23 of the December 1951 SURVEY.
cfSeasonal factors for a number of industries were fixed at 100 during 1932-42; data for these industries are shown only in the unadjusted series.
SURVEY OF CURRENT BUSINESS
April 1952
Unless otherwise slated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-3
1952
1951
February
March
April
May
June
July
August
September
October
November
December
January
February
187
185
175
176
p 193
189
177
175
167
123
"166
v 122
44, 017
45 200
23, 267
11,553
11, 713
9, 025
2, 696
6 329
12, 908
4,451
8,457
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Federal Reserve Index — Continued
Adjusted tf1 — Continued
Manufactures— Continued
Nondurable manufactures—Continued
Paper and products
1935-39— 100
Paper and pulp . _
do
Printing and publishing
.
do
Tobacco products
do
207
197
177
179
208
198
176
170
214
204
183
177
212
200
176
172
208
198
171
171
190
183
166
161
196
189
174
183
197
192
179
177
196
191
177
185
191
187
175
194
184
182
174
147
158
131
158
127
164
140
165
151
165
145
156
132
165
134
167
137
174
143
170
121
163
M21
Business sales (adjusted), total
mil ofdol
Manufacturing, total
do
Durable-goods industries
.do
Nondurable-goods industries
do
Wholesale trade, totaL
_ _
do
Durable-goods establishments
do
Nondurable-goods establishments
do
Retail trade, total
do
Durable-goods stores
do
Nondurable-goods stores
do
44 804
22 261
10, 390
11 871
9 2°2
3 Oil
6 211
13 321
5,049
8 272
44 22^
22 605
10 851
11 754
8 984
3 050
5 934
12 633
4 590
8 043
43 448
2? 479
10 739
11 740
8 681
2 925
5 759
12 285
4 276
8 009
44 728
23 434
11 150
12 283
8 883
2 892
5 991
12? 411
4 272
8 139
43 052
22 133
10 383
11 750
8 679
2 789
5 890
12 240
4 186
8 054
41 710
21 268
9,685
11 583
8 384
2 624
5 760
12 058
3,967
8 091
42
21
10
11
8
2
6
12
4
8
931
678
029
650
824
770
054
429
133
296
41 240
20, 616
9,533
11,083
8,366
2,686
5 680
12 258
4, 138
8 120
44 215
22, 503
10, 700
11 803
9, 161
2,842
6 319
12 551
4,189
8,362
Business inventories, book value, end of month
(adjusted), total
mil. of doL_
Manufacturing, total
_
do
Durable-goods industries
. do
Nondurable-goods industries
do
Wholesale trade, total
do
Durable-goods establishments
.do
Nondurable-goods establishments
do
Retail trade, total
do
Durable-goods stores
do
Nondurable-goods stores..- ._ .
do
63, 416
34 657
17' 251
17, 406
9 715
4 328
5 387
19, 044
8 484
10 560
65, 240
35 557
17 576
17, 981
9 9^0
4 474
5 466
19, 743
9 197
10 546
67, 361
36 Q08
18' 171
18, 737
10 107
4' £72
5 435
20, 346
9 598
10 748
68, 981
38 068
18 923
19. 145
10 270
4 880
5 390
20, 643
9 684
10 959
69, 442
39 OOQ
19 598
19, 412
10 151
4 887
5 264
20, 282
9 56^
10 720
70, 268
39 908
20 304
19, 605
10 '31 r)
59
045
5 70
20, 045
Q 494
10* 551
70, 124
40 621
20 971
19, 650
10 074
4 961
5 113
19, 429
9 154
10 275
69, 965
41 132
21 413
19, 719
10 072
4 918
5 154
18, 761
8 693
10' 068
70, 068
41 424
21 817
19, 608
10 109
4 926
5 173
18. 545
8 679
9' 866
MANUFACTURERS' SALES, INVENTORIES,
AND ORDER Sf
Sales:
Value (unadjusted), total
mil ofdol
Durable-goods industries
do
Nondurable-goods industries
do
21 176
9,725
11 451
03 662
11, 457
12 205
21 851
10, 630
11 220
22 603
10. 827
11 776
21 912
10, 567
11 345
19 618
8,838
10 781
22 459
10, 270
12 189
21 570
9, 963
11 607
24 113
11,491
12 621
r 22 262
10. 609
Ml 653
r 20 884
r
10, OS 2
r
10 871
' 22, 066
r
10, 501
r
11,566
22 061
10,815
11 246
22 261
10 390
1 830
1 176
1,092
1 726
1 666
391
296
743
535
279
656
22 605
10* 851
I 953
1 171
1,140
1 796
1 859
407
350
754
570
245
608
22 479
10 739
2 072
1 230
1, 023
1 772
1 691
452
392
782
506
239
650
23 434
11 150
2 158
1 184
1,044
1 801
1 872
478
336
775
584
257
661
22 133
10' 383
2' 054
1 064
1^000
1 760
I 734
449
292
713
548
225
544
21 268
9' 685
1 974
1 026
870
1 708
1 467
514
244
623
508
232
519
21 678
10 029
1 872
977
1,056
1 728
1 648
522
278
658
540
223
526
20 616
9' 533
1 740
973
1,032
1 680
1 471
533
264
590
495
204
549
22 503
10 700
1 932
l'l71
1, 077
1 978
l'579
582
284
697
534
230
637
r
r
' 22, 512
' 10 970
1 944
1,238
1,060
2,232
1 602
'652
23 267
11 553
1 987
1 214
1,130
2 282
1 693
751
274
747
554
280
640
do
11 871
3 234
506
287
1 351
926
337
681
693
1,590
1,832
434
11 754
3 228
504
261
1 308
797
318
699
696
1,628
1, 856
459
11 740
3 235
484
281
1 354
768
294
680
757
1,596
1,853
439
12 283
3 431
574
288
1 432
792
307
711
786
1,643
1,887
432
11 750
3* 151
599
272
1 27Q
841
315
686
748
1,543
1,884
433
11 583
3 032
591
278
1 182
940
298
637
740
1,535
1,912
438
11 650
2 946
658
990
1 164
854
315
692
755
1,480
2,023
467
11 083
2 956
508
269
1 086
696
257
663
779
1,431
2,000
435
11 803
3 1^6
503
339
1 167
782
265
695
837
1,511
2,102
445
T n 482
3 080
551
290
1 066
'787
206
'658
829
1, 486
2, 092
do
do
do
35, 034
17 304
17,730
35 970
17 763
18 207
37 054
18 331
18 723
38 262
19 178
19 084
39 085
19 740
19 344
39 840
20 383
19 457
40 283
20 886
19' 3%
40 624
2l' 270
19 354
40 958
21 585
19 373
41 353
21 924
do
do
do
14, 952
8 799
11, 283
15, 282
9 147
11, 541
15, 658
9 412
11, 984
15, 808
9 758
12, 696
16, 010
9 823
13, 252
16, 128
10 180
13, 533
16, 052
10 186
14, 045
15, 836
10 561
14, 227
16, 243
10 682
14,033
16, 388
10 735
14, 230
34 657
17, 251
2, 358
1,785
2,009
3 897
2,183
1,114
575
896
680
546
1,208
35 557
17, 576
2 294
1,828
2,077
4 006
2,175
1,211
572
902
711
549
1,251
36 908
18,171
2 298
1,872
2, 180
4 136
2, 275
1, 273
578
950
741
570
1,298
38 068
18, 923
2 324
1. 962
2, 338
4 286
2,336
1,367
612
990
762
596
1,351
39 009
19, 598
2 353
2,056
2,465
4 410
2,390
1,473
601
1,008
801
635
1,406
39 908
20, 304
2 426
2,133
2,574
4 509
2,455
1,657
588
1,017
837
649
1,458
40 691
20, 971
2 508
2.278
2,684
4 667
2,480
1,757
568
1,031
837
681
1,483
41 132
21, 413
2 602
2,376
2,706
4 770
2' 521
1,879
571
1,018
836
690
1,443
41 424
21,817
2 664
2,439
2,736
r 4^ f\7Q
22, 205
2 687
2, 431
2,768
4 QQC
2,731
2,098
542
1,051
810
713
1,379
Minerals
Metals
__
„ _
do
do
f
r
BUSINESS SALES AND INVENTORIES§ f
Value (adjusted), total do
Durable-goods industries, total
do
Primarv rnetals
do
Fabricated metal products. _ _
do
Electrical machinery and equipment__.do
Machinery, except electrical
..do
Motor vehicles and equipment
do
Transportation equipment, n. e. s
do
Furniture and
fixtures
do
Lumber products, except furniture
do
Stone, clay, and glass products
do
Professional and scientific instruments. do
Other industries, including ordnance. -_do
Nondurable-goods industries, total
do _ _ _
Food and kindred products
do
Beverages
do
Tobacco manufactures
do
Textile-mill products
_
_ _ _ do
Apparel and related products
do
Leather and leather products
do
Paper and allied products
do
Printing and publishing
do
Chemicals and allied products
do_._
Petroleum and coal products
do
Rubber products
_
Inventories, end of month:
Book value (unadjusted), total
Durable-goods industries
_
Nondurable-goods industries.
By stages of fabrication: $
Purchased materials
Goods in process _ _
Finished goods
_
Book value (adjusted), total
_ _
do
Durable-goods industries, total
do
Primarv metals
_
_ _ _ do_ _„
Fabricated metal products
do
Electiical machinery and equipment—do
Machinerv, except electrical
do
Motor vehicles and equipment
do
Transportation equipment, n. e. s
do
Furniture and fixtures
do
Lumber products, except furniture
do
Stone, clay, and glass products,
do_
Professional and scientific instruments. do
Other industries, including ordnance, .do
A
070
2,633
1,960
552
1,036
829
701
1,393
T
43. 669
r
22, 235
10, 753
11, 482
8,942
2,718
6. 224
12, 492
4,036
8, 456
r
r
69, 988
41, 676
22, 205
19, 470
10, 035
4,838
5 197
18.280
8 385
9 895
22 235
10 753
1 957
l', 188
1, 090
2 095
1 627
608
289
618
526
232
523
r 43g
]Q 43Q
r
41, 677
' 20, 829
* 9, 854
r
10, 975
8,530
2,487
6,043
12, 318
3, 918
8,400
r
r 22, 512
r 10, 970
Ml, 542
* 8, 855
2,586
r
6, 269
'12,650
r
4, 150
' 8, 500
T
' 70, 107 r 70, 218
' 42, 014 r 42, 206
22, 976
22, 675
' 19, 339 ' 19, 230
' 9, 951
10 000
4,834
4, 793
r
5,117
5 207
r
18, 061
18, 093
r
8,197
8 218
r
9, 864
9 875
20 829
r 9 854
1 853
1 076
1,034
1 926
r £ 35(;
678
242
587
418
222
462
r 240
r
666
'499
'288
'549
69, 985
42 079
23 001
19, 078
9 717
4Q
722
4 95
18, 189
8 240
9 949
r 10 975 ' 11 542 11 713
' 3 012
2 979
3 153
K99
r 536
582
01 7
r 325
288
1 110 ' 1 139 1 139
'768
727
740
o-i Q
r 203
208
'691
601
671
r §75
oq r
782
1,408
' 1,518
1,604
1, 927
' 1, 958
2,042
r 363
468
r 42 047
22 445
r
1Q 4OR
16, 669
' 16, 491
16, 304
14, 453
T
14, 667
r -jn 924
r
r 42 470
r O2 $52
r 1Q 618
r J_g' 6Q2
r Af) MA
22, 675
9 77Q
r 1 1 990
14, 751
T 49 Oflfi
' 22, 976
23, 001
2,438
2,870
r
2, 410
'2,915
2,409
2, 954
2,700
2,176
520
1,092
' 2, 720
' 2, 282
'539
p
1, 086
2, 686
2,298
534
1,076
718
1,428
'724
' 1, 437
715
1,396
0X1
' Revised.
" Preliminary.
cfSee note marked "c?" on p. S-2.
§ The term "business" here includes only manufacturing and trade. Business inventories as shown on p. S-l cover data for all types of producers, both farm and nonfarm Unadiusted
data for manufacturing are shown below on pp. S-3 and S-4; those for retail and wholesale trade, on pp. S-8, S-9, and S-10.
• <« u. uiictujubi^u
t Revised series. All components of business sales and inventories have been revised; for appropriate explanations of changes and earlier data (except figures beginning 1948 for retail sales
which have been further revised and are available upon request), see pp. 15-24 of the October 1951 SURVEY. Manufacturers' sales and inventories have been revised beginning 1948 wholesale trade beginning 1939, and retail trade beginning 1940; moreover, the adoption of revised industry definitions for manufacturing beginning with the 1948 data results in dispontimiitv of
industry figures for earlier periods.
MIOWUMXJ. u,y w
9 Data beginning December 1947 are shown on p. 7 of the March 1952 SURVEY.
S-4
SURVEY OF CURRENT
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
BUSINESS
April 1052
1951
™™-
March
April
May
June
July
1952
August
September
October
November
December
January
February
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDER Sf— Continued
Inventories, end of month — Continued
Book value (adjusted) — Continued
Nondurable-Roods industries, total__mil. of dol__
Food and kindred products
do
Beverages
do
17, 406
3,191
1,149
1 591
2,710
1,543
590
779
678
2,424
2,196
555
17, 981
3, 330
1,222
1 , 605
2,800
1,590
640
808
684
2,520
2,228
554
18, 737
3, 551
1,242
1,630
3,046
1,616
666
840
661
2,626
2,294
565
19, 145
3,580
1,254
1 652
3,137
1,667
677
855
681
2,699
2, 360
583
19,412
3,542
1,254
1 642
3,214
1,687
691
887
694
2, 771
2,420
610 <
19, 605
3 554
1,209
1 656
3,222
1,746
652
917
702
2,850
2,481
616
19, 650
3,619
1,161
1,668
3,190
1,686
622
924
711
2,906
2,523
640
19, 719
3 546
1,201
1 712
3 130
1,644
637
936
711
2,970
2,574
659
19, 608
3 545
1 200
1 766
3 048
1,498
607
942
711
3,004
2 582
705
T
New orders, net (unadjusted) total!
do
Durable-goods industries, totalt _
do
Primary metals _ _
_
_do.
Fabricated metal products
do
Electrical machinery and equipment __ _do
Machinery except electrical
do
Transportation equipment, including motor
vehicles and partst
mil. of dol_Other industries, including ordnan cet
do
Nondurable-goods industries, total
do
25, 765
13, 474
2,110
1,476
1,399
2,810
28, 490
15, 542
2, 587
1,441
1,732
2,644
23, 820
12, 987
2, 264
1,282
1,304
2,304
23, 580
12, 404
2, 175
1,147
1,246
2,308
24, 100
13, 303
1,977
1,091
1, 453
2,291
21, 595
11,274
2,037
937
1,284
2,259
22, 976
11,046
2,002
1,090
1,064
2,180
21. 166
9,880
1,487
1,074
1,207
1,745
23, 916
11.584
2,179
1,146
1,188
1,966
T
2, 956
2,723
12,291
4,128
3,009
12, 948
3,199
2,634
10, 834
3,198
2,331
11,176
4,349
2,143
10, 797
2,453
2, 305
10, 321
2, 330
2,380
11,930
2,154
2, 213
11, 286
2,612
2,494
12, 332
Unfilled orders (unadjusted), total J
do
Durable-goods industries, totaljdo
Primary metals
do
Fabricated metal products
do
Electrical machinery and equipment
do
Machinery, except electrical
do
Transportation equipment, including motor
vehicles and parts}.
mil.ofdoL.
Other industries, including ordnance!
do
Nondurable-goods industries, total __
_ do
50, 712
43,714
7, 670
5,4(54
4,518
8, 575
55, 350
47, 608
8,190
5,704
5,029
9,276
57, 403
50, 049
8,486
5,858
5,287
9,739
58, 416
51, 662
8, 589
5, 884
5,541
10, 178
60, 264
54, 058
8, 518
5. 868
6,008
10, 144
61, 771
56, 024
8, 822
5, 879
6, 530
10, 803
62, 188
56, 800
8,877
5,849
6, 599
11,251
61, 688
56,718
8, 556
5, 827
6, 776
11,304
61, 492
56, 811
8,691
5,676
6,809
11, 242
61 916
57, 292
8 613
5, 597
6, 898
11,313
11,398
6,082
6, 998
13, 117
6,294
7,741
14,118
6,560
7, 354
15, 070
6,400
6. 755
17,220
6,299
(>, 206
17, 775
6,216
5, 746
18,013
6,212
5, 385
18,128
6,127
4, 970
18, 452
5. 941
4,681
Textile-mill products
Apparel and related products
Leather and leather products.
Paper and allied products
Printing and publishing
_ __
Chemicals and allied products
Petroleum and coal products
Rubber products
- __
do
do
do_ .
do
do
do_
do
do
r
19, 470
3 465
1 204
1 824
2 911
1,445
594
959
733
3,030
2 566
r
739
r
22 686
11 090
1,876
1 093
1,212
1 981
r 20 396
r
9 941
1,348
1 056
1 454
1 906
2,926
2 002
11,596
19, 339
3 386
1 193
1 836
2 814
1,446
567
1 005
757
3,000
2 535
r
799
' 19, 230
r 3 37(5
r I IfiH
r i 795
r 2 774
r
1,446
r
573
T \ 022
r 753
T
3 005
r 2 522
797
r 22 346
11 068
r
2 008
r
r 1 Q(51
r
1 111
r 2 180
r
r
19,07>
3
1
1
2
42(
20J1
75(
66 f
l,39f,
547
1 055
3 001
2 470
21
10
1
1
1
2
735
672
784
152
410
068
2, 496
2,229
r 2 213
r 11 278
9 030
11 062
61 428
57, 221
8 036
5, 598
7,197
11,281
r (]] 708
r
57, 788
5 531
7, 291
61 382
57, 646
7 935
5 584
7, 598
11,380
11,295
19. 193
5, 677
4. 624
19,741
5 368
4,208
* 20, 056
? 5 464
T
3 920
19,952
T
2, 657
1 591
10 455
r £
T
T
r
065
5 282
3 736
BUSINESS POPULATION
OPERATING BUSINESSES AND BUSINESS
TURN-OVER
Operating businesses end of quarter total
M^nufacturin0"
Service industries
Retail trade
Wholesale trade
All other
Now businesses quarterly total
Contract construction
4, 007. 4
372, 3
306. 7
857.2
1,676.8
206. 6
587.8
thous
do
do
do
do
do
122.0
21.0
14.4
21.9
41.3
do
do
Service industries
"RetT.il trade
^Wholesale trade
All other
do
do
do
do
Contract construction
Manufacturing
do
do
Pietail trade
AVholesale trade
All other
do
do
do
Business transfers quarterly total
v 4, 015. 1
* 377 1
* 308. 6
v 857. 7
* 1, 672. 9
* 207. 4
*• 591. 4
P 4 008 7
P 378 l
^307 2
P 856 4
P 1 , 666. 2
v 207. 5
P 593 3
109.9
19. 4
12.9
19.2
38.3
91
14
9
10
33
3
13
4
9
°
5
7
7
4
5.3
4.5
18.1
15.5
100 2
14.3
10.8
18.3
41.4
11.8
v 102 2
p 14.6
p 11.0
» 18.6
P42. 2
*3. 7
*12.0
97 $
13 9
10 5
17 8
40 4
p 3 fi
P 11 5
93.8
74.6
75 9
3.7
do
BUSINESS INCORPORATION So"
6, 590
7,649
7, 653
7,544
6,810
6,428
6 496
5 950
6,812
6 289
6, 913
Failures, total
, _ _. ._ .-numberCommercial service
- - .
do_ -.
Construction
do
Manufacturing and mining
_
do_ _
Retail trade
do
Wholesale trade
do
599
59
60
107
304
69
732
69
83
115
377
88
693
52
81
119
365
76
755
64
94
128
385
84
699
43
71
129
390
66
665
55
74
130
340
66
678
56
89
136
333
64
620
39
84
150
277
70
643
57
85
150
304
47
587
48
68
106
307
58
Liabilities, total
thous. of dol__
Commercial service _ do
Construction
. ___ _ do _
Manufacturing and mining
do
Retail trade
do
Wholesale trade
_
. _ _ _
do
16, 009
1,399
2,228
6,134
4,357
1.891
17,652
1,375
3, 292
5,169
5. 605
2.211
17,064
1,055
2, 268
5,894
5,647
2,200
23, 504
1.871
4. 655
5,497
7,487
3,994
22, 773
1,006
3, 085
5,014
7,434
6, 234
21, 088
1,398
2,666
7,790
4,778
4.456
26, 417
1,358
4,290
10,497
6, 173
4,099
26, 643
782
4,668
14, 908
4,826
1, 459
29, 742
2,044
1,937
12,219
6,707
6, 835
17, 567
952
3, 740
6, 158
4, 369
2, 348
New incorporations (48 States)
number
r
8 357
7, OfW
612
48
71
131
296
66
671
50
68
143
348
62
619
52
70
133
304
60
19, 403
1,874
2,251
6.515
5,177
3, 586
26, 208
4,249
2, 672
8, 365
7, 761
3, 161
19, 474
1 , 649
1,935
5, 614
6, 548
3, 72S
INDUSTRIAL AND COMMERCIAL
FAILURES^
T
Revised.
v Preliminary.
fRevised series. See corresponding note on p. S-3.
d"Data are from Dun & Bradstreet, Inc.
J Unpublished revisions for the indicated series on new and unfilled orders are available upon request as follows: Grand total and total durable-goods industries, June-September 1950;
transportation equipment (incl. motor vehicles, etc.) and other industries (incl. ordnance), January 1946-September 1950.
SURVEY OF CURRENT BUSINESS
April 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-5
1951
r^ u
February
March
April
May
June
July
1952
August
September
October
November
December
January
February
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products§
Crops
_ _
Food grains
Feed grains and hay
_
Tobacco.
Cotton
_
Fruit
_ _
Truck crops
Oil-bearing crops
Livestock and products
__ _
Meat animals
Dairy products
_
Poultry and eggs
1910-14=100..
do
do
do
do
do
do
_
do
do
do
. do
do
do
313
283
254
222
440
351
204
333
379
340
425
285
205
311
276
245
221
437
359
202
265
386
343
428
280
217
309
275
247
222
438
363
209
225
385
340
428
273
215
305
271
244
223
438
357
194
239
380
335
418
270
221
301
263
240
217
438
353
200
189
358
335
422
269
217
294
252
236
213
438
329
175
204
317
332
414
272
222
292
244
234
215
430
291
207
181
294
336
416
277
231
291
239
233
216
423
283
201
161
288
337
411
283
247
296
247
239
219
445
304
188
171
296
340
410
294
247
301
267
249
224
424
345
172
249
307
332
387
305
249
305
280
253
233
440
339
177
331
309
328
379
314
233
300
277
251
234
431
325
171
337
303
320
376
316
200
289
259
249
230
436
313
168
217
29(5
317
377
317
181
Prices paid:
All commodities
1910-14=100-.
Commodities used in living
do
Commodities used in production.-do
All commodities, interest, taxes, and wage rates
1910-14=100—
267
265
270
272
269
274
273
269
276
272
270
274
272
270
273
271
270
273
271
270
273
271
268
275
272
268
277
274
271
277
273
272
275
275
271
278
276
271
281
276
280
283
283
282
282
282
282
283
284
284
287
288
Parity ratio? —
113
111
109
108
107
104
104
103
105
106
107
105
100
All commodities (U. S. Department of Commerce
index)
1935-39=100 _
204.9
205.8
205.6
206. 5
206.4
206. 6
206.1
207. 4
209.0
210.3
210.8
210. 9
209. 0
Coal (U, S. Department of Labor indexes):
Anthracite
Oct. 1922-Sept. 1925=100.Bituminous
do
168.3
1G8.7
170.0
168.9
169.1
168.8
162.9
166.1
165. 2
165.8
166.3
166.7
168.1
166.9
168.8
167.7
170.5
169.4
171.3
169.6
171.4
170. 1
171.4
170. 5
171.4
170.5
Consumers' price index (U. S. Dept. of Labor):
All items..
1935-39=100 Apparel
do
Food
- -do
Cereals and bakery products _ _. _ do ...
Dairy products
do
Fruits and vegetables
do
Meats, poultry, and fish . _
do
Fuel, electricity, and refrigeration
do
Gas and electricity
_ do
Other fuels
do
Housefurnishings
do
Rent
.
__
do
Miscellaneous
do
183.8
202.0
226.0
187.1
204.4
224.3
270.1
143.9
97.2
204.5
209.7
134.0
163. 2
184.5
203.1
226.2
187.5
204.6
217.1
272.2
144.2
97.2
205.0
210.7
134. 7
164.3
184. 6
203.6
225.7
188.3
204.1
214.8
272.6
144.0
96.9
205.0
211.8
135.1
164. 6
185.4
204.0
227.4
188.2
203.5
221.6
272.8
143.6
97.3
202.4
212.6
135.4
165. 0
185.2
204.0
226.9
188.4
203.9
219.9
271.6
143.6
97.1
202.8
212.5
135. 7
164.8
185.5
203.3
227.7
189.0
205.1
218.5
273.2
144.0
97.2
203.7
212.4
136.2
165.0
185.5
203.6
227.0
188.7
205.9
208.9
275.0
144.2
97.3
204.2
210. 8
136.8
165.4
186.6
209.0
227.3
189.4
206.4
205.1
275.6
144.4
97.3
204.9
211.1
137. 5
166.0
187.4
208.9
229.2
189.4
207.9
210.8
276.6
144.6
97.4
205.8
210.4
138.2
166.6
188.6
207.6
231.4
190.2
210.4
223.5
273.5
144. 8
97.4
206.3
210.8
138.9
168.4
189.1
206.8
232.2
190.4
213.2
236.5
270.1
144.9
97.5
206.6
210.2
139.2
169.1
189.1
204. 6
232.4
190.6
215.8
241.4
272.1
145.0
97.6
206.8
209.1
139.7
169.6
1 187. 9
204. 3
2*27. 5
190.9
217.0
223. 5
271. 1
145.3
97.9
206. 7
208. 6
140.2
170. 2
__do
RETAIL PRICES
r
r
WHOLESALE PRICEScf
U.S. Department of Labor indexes (revised):!
All commodities
_
1947-49— 100
116.5
116. 5
116.3
115.9
115.1
114.2
113.7
113.4
113.7
113.6
113.5
' 113.0
112.6
Farm products
do
Fruits and vegetables, fresh and dried__do
Grains
do. _..
Livestock and live poultry
do
117.2
97.8
102. 2
120.9
117.6
88.5
100.2
122.9
117.5
98.3
100.2
123.2
115.7
103. 8
98.3
119.8
113.9
94.2
94.7
119.9
111.1
90.8
94.3
118.6
110. 4
89.4
95.8
118.2
109.9
92.8
96.6
116.2
111.5
96.1
101.1
114.5
112.0
106.9
103. 9
108.5
111.3
117.4
105. 1
107.5
110.0
r
!21.5
103.6
106.7
107.8
112. 6
101.7
106. 2
Foods processed
do
Cereal and bakery products
do
Dairy products and ice cream
_ do
Fruits and vegetables, canned and frozen
1947-49=100Meats, poultry, and
fish
_ __ do _
112.9
107.8
107.8
112.0
107.1
106.8
111.8
107.0
106.0
112.3
106.8
106.5
111.3
106.2
106.5
110.7
106.2
106.7
111.2
106. 7
107.9
110.9
106.4
106.1
111.6
106.8
108.5
111.0
107.8
111.1
110.7
107.9
113.0
r
l!0. 1
107.5
113. 2
109.7
107.4
114.9
106.8
117.4
106.7
117.1
106.7
117.1
105.8
118.1
104.4
117.2
103.5
116.8
104. 7
118.3
105.6
119.5
106. 1
115. 8
106.2
113.6
105. 7
113.5
104.8
110.8
117.2
112.6
120.5
95.9
123.4
105. 4
109.4
117.3
111.8
120.6
95.8
114.8
105.4
109.6
117.1
111.5
120.9
95.8
107.6
105.4
109.9
116.8
111.3
121.2
95.6
103.6
105.3
109.5
116.2
110.2
120.9
95.7
88.5
103.5
108.7
115.7
108.8
120.4
95.6
70.0
107.1
107.8
114.9
108.5
120.4
95.6
70.4
107.2
107.4
114.8
108.7
120.7
95.6
73.0
107.2
108.0
114. 6
108.8
120.9
95.6
71.8
107.5
108.7
114.5
108.6
120.9
95.0
65.2
108.1
109.8
114.6
108.4
120.8
95.2
61.5
108.9
109.9
114.3
106. 7
118.1
94.8
56.8
109.4
109. 3
114.3
106. 0
117. 5
93.7
51.2
109. 6
109.0
107.4
108.9
98.0
106. 6
110.8
107.4
108.8
98.0
106. 6
110.8
107.2
108.8
98.0
106. 6
110. 4
Commodities other than farm products and
foods
1947-49—100
Chemicals and allied products
_ _ do _
Chemicals, industrial
do
Drugs, Pharmaceuticals, cosmetics _ _ . do
Fats and oils, inedible
do
Fertilizer materials
_ _ _
do
Paint and paint materials
do
r
103. 4
117.5
T
r
r
r
Fuel, power, and lighting materials
do
Coal
do
Electricity
do
Gas
do
Petroleum and products _ _
do
Furniture and other household durables
1947-49=100-.
Appliances, household
do
Furniture, household
do
Radios, television, and phonographs. .do
107.4
110.6
99.6
104.7
109.9
107.3
110.1
98.0
103.8
110.7
106.5
10S. 2
97.4
101. 5
110.4
106.2
107.8
98.0
98.2
110.2
106.3
108.1
98.0
97.2
110.4
106.5
107.2
98.5
97.5
110.8
106.3
107.5
97.4
98.0
110.8
106.7
108.4
98.0
98.4
110.9
106.8
108.7
98.0
99.2
110.9
106.9
108.8
98.0
99.2
110.9
114.6
107.9
117.6
92.6
115.1
107.9
117.6
92.6
115.4
107.9
117. 5
92.6
115.3
107.9
117.4
92.6
115.0
108.1
116.5
92.6
114.4
107.6
115.9
93.6
113.5
107.7
115. 6
93.2
113.1
108.0
115.5
92.9
112.8
107.9
115.4
93.0
112.7
107.9
115.5
93.0
112.7
108.2
115.1
93.0
r
112. 3
' 108. 0
' 113. 6
93.1
112.3
108.0
113.5
93.1
Hides, skins, and leather products
Footwear
Hides and skins
Leather,
_ _
do
do
do
do
127.7
124.7
134.8
137.7
126. 9
123.1
134.0
137. 8
126.5
123. 1
130.7
137.8
126.2
122.9
130.3
137.4
124.7
122.6
129.4
132. 6
122.3
122.1
124.0
127.7
118.0
122.0
113. 3
118.7
118.0
121.9
111.5
120.4
113.6
119.4
109.5
110.1
107.0
118.0
87. 6
100. 3
105.1
116.5
81.7
98.7
«• 102. 2
115. 9
69.7
r
97.0
99.7
116. 5
63.7
89.9
Lumber and wood products
Lumber
_ _ _ _ _
do
do
126.4
126.4
126. 6
126.7
126.6
126.7
126.1
126.0
124.6
124.2
123.5
123.0
122.3
121.7
121.6
120.9
121.7
121.1
121.1
120.8
120. 3
120.4
r
120. 1
120.4
120.4
120.6
Machinery and motive products
do
Agricultural machinery and equip. do
Construction machinery and equip. __do
Electrical machinery and equipment. -do
Motor vehicles.
._
do
117.7
120.2
123.6
121.8
109.5
118.6
120.3
123.6
121.7
112.1
118.6
120.3
123.6
121.8
112.1
118.6
120.3
123.6
121.8
112.1
118.6
120. 3
123. 6
121.8
112.2
118.8
120.1
123. 7
122.2
112.5
118.9
120.1
123.7
122.1
112.8
119.4
120.1
123.7
122.1
114. 1
120.2
120.2
123.6
121.8
116. 0
120.5
120.2
123.8
122.1
116.3
120.7
120.2
124. 0
121.8
116.5
r
r
120. 8
121. 5
124.6
121. 5
117. 1
121.9
121.8
124.9
121.6
320.0
[ Revised.
1 Indexed on old basis for February 1952 is 188.3.
r
r
r
r
r
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
April 1952
1952
1951
February
March
April
May
June
July
August
September
October
November
December
January
February
COMMODITY PRICES—Continued
WHOLESALE PRICESd1— Continued
U. S. Department of Labor indexes (revised) :t— Con.
Commodities other than farm prod., etc.— Con.
Metals and metal products
1947-49=100-Heatin<T equipment
do
Iron and steel
do
N onferrous metals
do
N on metallic minerals structural
do
Clay products
do
Concrete products
__do
Gypsum products
- do,
123.7
114.7
123.5
126.7
113 7
121.4
112.4
117.4
123.2
114.8
122.9
125.3
113.7
121.4
112.4
117.4
123.3
114.8
122. 9
125.7
113.7
121.4
112.4
117.4
123.2
114.8
122.9
125.4
113.6
121.4
112.4
117.4
122.7
114.6
122.9
123. 2
113.6
121.4
112.4
117.4
122.3
114.4
123.0
121.5
113.6
121.4
112.4
117.4
122.2
114.5
123. 1
121.6
113.6
121.4
112.4
117.4
122.1
114.5
123.1
122.0
113.6
121.4
112.4
117.4
122.4
114.6
123 1
124.0
113.6
121 4
112.4
117.4
122.5
114.4
123 1
124 1
113.6
121 4
112.4
117.7
122.5
114 5
123 1
124 2
112 8
121 4
112.4
117 7
122.4
114 0
123 1
' 124 2
'112 9
121 4
112.4
117 7
122.6
114 0
123 2
125 1
112 9
121 4
112 4
117 7
119.7
117.1
'151.5
133.9
115.5
104.1
118.8
138.3
99.7
164.5
119.8
117.1
'151.3
133.9
114.8
104.1
117.8
124.9
98.7
161.8
120.2
117.6
' 148. 3
133.9
112.9
103.7
116.0
133.7
98.0
151.7
120.2
118. 3
' 144. 3
133.9
111.6
105. 0
113.0
116.1
96.7
145.5
119.5
119.8
' 144. 3
133.9
108.5
104.5
106.9
112.3
94.0
140.0
119.4
121.5
' 144. 7
133.9
105.9
104.1
102.5
117 9
92.9
129.8
118.8
122.1
' 144. 7
133.9
103.9
103.3
100.8
122 5
91 5
120.8
118 4
122.4
' 144. 6
133 9
103 9
102. 3
102 3
123 2
91 5
122 0
118 4
122 4
' 144 3
133 4
104 0
102 1
103 3
125 3
91 7
120 3
118 2
122 8
' 144 1
133 4
' 103 3
' 101 7
' 102 8
126 0
r ug o
118 4
123 7
143 1
133 4
102 1
101 6
101 2
130 2
89 9
114 4
T
Pulp paper, and allied products
Paper
Rubber and products
Tires and tubes
Textile products and apparel
Apparel
_
Cotton products
Silk products
Svnthetic textiles
Wool products
do _
do
do_ _
do __
do_
do_ __
do_ do
do
do_
'120.5
117.1
' 152. 5
133.9
115.7
104.4
119.2
146.3
103.9
160.1
120.3
117.1
' 152. 3
133.9
115.9
104.3
118.9
146.3
102.3
164.7
Tobacco mfrs and bottled beverages
Beverages, alcoholic
Cigarettes
do
do_ __
do
108.4
107.0
105. 7
108.4
107.0
105.7
108.4
107.0
105.7
108.4
107.0
105.7
108.4
107.0
105.7
107.9
106.1
105.7
107.8
105.8
105.7
107.8
105.8
105.7
107 5
105. 8
105.7
107 5
105 9
105.0
108 1
105 9
107 3
108 1
105 9
107 3
111 0
111 5
107 3
'44.8
54.4
44.2
'44.8
54.2
44.2
45.0
54.2
44.3
45.1
53.9
44.0
45.4
54.0
44.1
45.8
53.9
43.9
46.0
53.9
44.1
46.1
53.6
44.0
46.0
53.4
43.6
46.0
53.0
43.2
'46.0
52.9
43.1
' 46. 3
52 9
43 0
46.4
53 2
44 0
Q] 4
PURCHASING POWER OF THE DOLLAR
As measured bv—
Wholesale prices t
Consumers' prices
1935-39=100..
-do
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY
mil. ofdoL.
1,969
2,198
2,388
2,584
2,737
2,797
2,843
2,827
2,709
2,495
2,222
2 124
1 991
Private, total
do
Residential (nonfarm)
_ _ . _ __do _
New dwelling units
do
Additions and alterations
do
Nonresidential building, except farm and public
utility, total
mil. of dol_.
Industrial
do
Commercial
do
Farm construction
do
Public utility
- do
1,518
827
750
60
1,614
862
785
61
1,691
898
810
72
1,787
922
825
81
1,879
959
855
88
1,915
968
860
91
1,916
954
845
92
1,899
954
845
93
1,805
945
840
91
1,692
915
815
86
1,521
809
715
80
1 472
720
650
57
1 397
668
600
55
384
135
121
76
226
400
143
128
83
264
409
152
125
95
283
442
168
130
113
305
463
178
131
126
326
465
190
120
134
343
459
198
108
140
357
451
202
100
130
358
393
178
83
108
353
343
155
75
92
336
320
147
69
81
305
404
198
83
80
262
399
207
73
75
250
451
30
212
29
65
49
66
584
37
255
41
110
61
80
697
42
283
56
160
69
87
797
45
298
68
215
76
95
858
48
305
75
250
84
96
882
49
308
88
260
82
95
927
55
312
108
280
80
92
928
63
302
122
275
78
88
904
67
289
137
250
77
84
803
69
269
148
170
74
73
701
66
260
149
95
68
R3
652
67
267
125
75
59
59
594
66
251
115
55
51
56
28, 832
323
768 1, 234, 339
736
502, 416
731 923
032
31, 842
902 091
296 897
605 194
33
885
338
546
New construction, total. _ .
_..
Public total
Residential
Nonresidential building
Military and naval
Highway
Conservation and development
Other types
do
... do
do
do
do
do
do
CONTRACT AWARDS
Construction contracts awarded in 37 States (F. W.
Dodge Corp.):
49, 498
52, 700
44, 755
48, 376
44, 334
46, 319
Total projects
.
_ _
number. . 42, 057
42, 435
42 735
Total valuation
thous. of dol 1,140,527 1, 267, 450 1, 374, 991 2, 572, 961 1,408,932 1,379,830 1,262,811 1, 082, 855 1 051 419
456, 319 1, 474, 166
583,146 615,370
418, 457
332, 032
486, 452
317 731
Public ownership
do
306 604
825, 786
918, 672 1, 098, 795
848, 993
808, 495
764, 460
776, 359
765 124
Private ownership
do
744 815
Nonresidential buildings:
Projects
Floor area
Valuation
Residential buildings:
Projects
-_
Floor area
Valuation
Public works:
Projects
Valuation
Utilities:
Projects
- _
Valuation
4,463
36
931
323
608
767
206
662
544
number _
thous. of sq. ft__
thous. of dol
3,198
37, 099
431, 166
43, 301
469, 254
4,259
4,421
41, 473
44, 804
518, 021 1, 633, 908
41, 162
553, 280
39, 926
536, 533
4,170
36, 700
475, 957
36, 273
404 462
4,558
4 775
34, 782
418 203
3 618
27, 611
327 706
43, 016
593 007
3,2^2
3 325
24, 868
357 676
3 472
24, 941
301 404
number _
thous. of sq. ft_.
thous. of doL.
531,146
37, 742
60, 859
42, 497
65, 761
574, 569
43, 197
65, 180
590, 848
45, 856
73, 596
661, 094
37, 588
60, 496
545, 152
37, 173
58, 823
548, 144
39, 864
60, 372
567, 566
35, 789
52, 438
479, 716
36, 152
52, 454
496, 247
31 162
47, 248
443, 884
24, 204
37, 985
346, 104
27 380
37, 423
337, 721
29 069
45, 380
396, 438
838
123, 962
1,318
166, 435
1,583
183, 080
2,016
186, 868
183, 973
2,204
2,151
190, 884
1,927
160, 368
1,756
141, 335
1 457
101 903
1 233
117 809
1,0^4
138 859
840
130 814
m
- number-thous. of doL.
279
54, 253
339
57, 192
459
83, 042
407
91, 091
500
126, 527
514
104, 269
358
58, 920
332
57,342
351
35, 066
310
42, 369
302
156, 369
297
75, 880
296
62, 479
Value of contract awards (F. R. indexes) :f
Total, unadjusted
1947-49=100 Residential unadjusted
do
Total adjusted
__
__doResidential, adjusted
do
151
167
173
187
165
186
163
176
228
200
199
170
234
197
193
166
234
192
200
174
177
182
162
179
163
175
156
176
149
169
147
168
134
156
140
160
141
141
156
146
134
124
166
145
132
118
161
142
134
142
153
159
829, 173 1, 196, 798
788, 429
Engineering construction:
Contract awards (E. N. R.)§
-
number
thous of dol
4,222
4,496
thous. of dol.. 1, 271, 065 1, 406, 456 1, 043, 434 1, 267, 995 1, 027, 087 1,378,640 1, 145, 715
917, 158 1, 026, 973 1, 024, 775
Highway concrete pavement contract awards:©
4,959
7,562
4,920
5,946
4,836
4,508
4,342
9,248
2,856
14,159
Total
thous. of sq. yd._
3, 757
2,841
690
1,278
966
1,222
714
4, 335
458
275
*413
Airports
do_
671
1
2,329
1, 939
1,957
2,326
2,400
1,436
1,681
2,840
803
Roads
__do_ _.
1,814
2, 197
2,339
1,904
2,782
2,036
1,214
2,073 '
2,358
2,202
Streets and allevs
do
1.777
1 1. 549
1.271
l
' Revised.
Data include some contracts awarded in prior months but not reported.
cfFor actual wholesale prices of individual commodities, see respective commodities. JSee note marked "t" on p. S-5.
t Revised series. Purchasing-power data are based on revised price indexes shown on p. S-5. Indexes of contract awards reflect use of new base period. Revisions prior
series will be shown later.
§Data for March, May, August, and November 1951 and January 1952 are for 5 weeks; other months, 4 weeks.
©Data for May, August, and November 1951 and January 1952 are for 5 weeks; other months, 4 weeks.
3,487
621
1 497
1.369
930
COE
3, 723
879
988
1 SSfi
to 1951 for both
SURVEY OF CURRENT BUSINESS
April 1952
S-7
1952
1951
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
February
March
April
May
June
July
August
September
October
November
December
January
February
CONSTRUCTION AND REAL ESTATE—Continued
NEW DWELLING UNITS AND URBAN
BUILDING
New permanent nonfarm dwelling units started
(U S Department of Labor)
number
Urban building authorized (U. S. Dept. of Labor):
New urban dwelling units, total
number..
Privately financed, total
do
Units in 1-family structures
_.
do. __
Units in 2-family structures
do
Units in multifamily structures
_do_
Publicly financed, total
do
Indexes of urban building authorized :t
Number of new dwelling units
1947-49= 100. _
Valuation of building, total
do_ __
New residential building
do
New nonresidential building
..do.
Additions alterations and repairs
do
r
80, 600
93, 800
96, 200
101, 000
132, 500
90, 500
89, 100
96, 400
90, 000
43, 572
39, 717
32, 958
2,111
4,648
3,855
54, 361
50, 738
40, 892
2,816
7, 030
3,623
54, 137
50, 565
42, 865
2, 857
4, 843
3, 572
57, 765
54, 688
43, 957
2, 514
8, 217
3,077
83, 991
47, 134
37, 867
2,622
6, 645
36, 857
45, 684
42, 092
33, 323
2, 432
6, 337
3,592
48, 002
47, 182
38, 036
2,669
6,477
820
51,607
50, 491
40, 370
2,995
7,126
1,116
43, 180
42, 187
35, 580
2,489
4,118
993
34, 989
32, 681
27, 781
1,766
3,134
2,308
27, 807
26, 782
21, 224
1,700
3, 858
1,025
'96.5
' 113.0
' 125. 5
' 100. 0
' 95. 8
112.0
139. 1
141.1
146.4
115.0
117.7
140.4
155. 0
129. 8
109.9
121.2
146.9
158.2
132.8
136. 8
179.4
178.2
233. 5
112.1
122.6
98.2
127.0
127.7
124.5
130.4
106.9
138. 1
137. 5
143. 3
128.7
114.1
149.9
155. 6
153. 5
120.2
94.4
117.8
121.8
110.0
120 9
76.5
96.6
97.6
100.3
84.6
61.3
77.0
75. 3
80.5
75.5
'82.1
'91.8
'99.7
'80.8
' 87. 8
99.7
106.6
124 6
79.1
102 5
234.8
234.8
357
236.2
237.1
237.4
373
237.4
237.6
238. 5
374
239.5
239.0
239. 1
374
240.9
240.9
524
550
542
485
511
374
525
550
542
485
512
376
527
556
544
488
512
376
528
557
545
490
512
378
531
557
545
490
529
379
535
557
545
495
530
379
535
561
545
495
530
378
536
561
546
495
532
377
538
562
548
495
532
379
538
562
548
494
532
378
539
573
548
494
533
380
542
581
549
497
535
380
543
581
550
497
535
378
229.6
231.6
242.7
230.5
232.6
243. 3
230.7
232.8
243.6
232.6
234.3
245.0
233. 2
234.6
244.9
233.4
234.6
244.2
233.5
234.8
244.4
234.2
235. 6
245.7
235.1
236.4
246 8
235. 1
236. 4
246.9
235. 9
237. 2
246.9
237.0
237. 9
248.0
236.7
237. 4
247 S
231.3
231.9
238.1
247.1
217.7
232.1
232.6
238.7
247.7
218.4
232.2
232.7
238. 9
248.0
218.5
234.5
234.5
240.4
249.0
219.7
235. 0
234.9
240.5
248.7
220.2
235.4
235.1
240.2
247.7
220.5
235.5
235.2
240. 4
248.0
220.5
236.1
235.8
241.5
249.7
221.0
236 8
236.5
242.5
251 1
221.5
236.9
236.5
242. 5
251. 1
221.5
237.7
237.0
242.7
250.5
221.9
239.2
238. 0
243.8
251.9
222.6
239 0
237 9
243. 7
251 5
222.4
243.1
241.7
243.7
242.3
243.8
242.5
245.1
243.6
245.1
243.4
244.6
242.5
244.8
242.8
246.1
244 3
247 3
245 6
247.3
245 7
247.3
245 4
248. 5
246 5
24S 3
246 2
398.0
537.9
398.8
538.7
401.1
542.9
400.8
542. 7
400.4
542.4
400.1
542.8
399.9
542.6
403 4
546.5
404 5
547 2
405 6
547.7
405 6
547 8
406 1
549.3
407 2
550 6
' 74, 500 ' 60, 800
60, 800
' 77, 000
37, 666
34, 547
28, 374
2, 386
3,787
3,119
45, 670
43, 157
34, 972
3 017
5,168
2, 513
CONSTRUCTION COST INDEXES
Department of Commerce composite
1939=100_.
iberthaw (industrial building)
1914=100
American Appraisal Co.:
Average, 30 cities
_ . 1913 = 100. Atlanta
do
New York
_
do.
San Francisco
do
St Louis
__do
Associated General Contractors (all types)
do_ _.
E. H. Boeckh and Associates, Inc.:
Average, 20 cities:
Apartments, hotels, and office buildings:
Brick and concrete.. U. S. avg. 1926-29= 100. .
Brick and steel
_ __ ..
do_ _.
Brick and wood
do
Commercial and factory buildings:
Brick and concrete
do
Brick and steel
do_
Brick and wood
do
Frame
do
Steel
do. .
Residences:
Brick
...do.
Frame
do
Engineering News-Record:^1
Building
1913=100
Construction
do_
Bu. of Public Roads— Highway construction:
Composite, standard mile
1925-29= 100. _
159.7
161.8
164.8
r
166. 7
CON STRUCTION MATER I A L S
Production of selected construction materials, index:
Unadjusted
1939—100
Adjusted
.do, __
142. 5
172.7
168.6
178.4
169 5
170.5
180 9
171. 0
175 4
163.9
156 7
147.3
176 4
155. 8
163 5
152.1
r 17$ o
r
160 6
r 157 3
r
158* 7
r 134 6
r
152 3
t> 140 2
v 164 2
REAL ESTATE
Home mortgages insured or guaranteed by—
Fed. Hous. Adm.: New premium paying
164, 669
thous. of dol_. 175, 821 180, 081
161, 584
146, 237
145, 738
153, 744
131, 485
144, 596
140, 528
159, 063
124, 701
324, 755
293, 236
291, 906
Vet. Adm.: Principal amount
_ do_
298, 950
283, 195
275, 375
324, 238
279, 167
296 748
308 639
301 276
267 958
Federal Home Loan Banks, outstanding advances
747
to member institutions
mil. of dol__
752
762
774
816
770
752
747
760
781
665
806
New mortgage loans of all savings and loan associa351, 142
440, 210
437, 967
475, 383 473, 885
tions, estimated total
thous. of dol
439, 615
486, 435
439, 398
486 999 430 482
400 443
404 033
By purpose of loan:
112, 008
141, 496
140, 567
153, 678
Home construction. _ _ _
_
do_
149, 225
132, 330
149, 788
139, 951
154 763
128 665
125 287
115 168
148, 936
190, 539
193, 359
213, 666
219, 331
Home purchase
do_ _
207, 123 224, 819
200, 025
220 506 202, 159
182 710
183 733
34, 473
40, 879
39, 685
38, 687
42 794
Refinancing
. _ do_
38, 289
37, 613
42 184
36 551
37 920
37 322
37 906
12, 638
16, 285
16, 948
18, 870
Repairs and reconditioning
do
18 107
17 831
18 917
17 571
18 558
14 785
12 895
15 033
43, 087
50, 348
48, 071
50, 482
All other purposes
do_
48, 933
44, 718
50 727
45 300
50 378
46 953
45 819
48 603
New nonfarm mortgages recorded ($20.000 and
under) estimated total
thous. of dol 1, 182, 753 1, 369, 284 1, 370, 848 1, 443, 538 1,422,262 1, 370, 201 1 448 967 1 308 421 1 483 786 1 366 073 1 308 151 1 298 254 1
12.6
12.1
11.2
11.3
11.2
Nonfarm foreclosures, adjusted mdexJ935-39=100_11.0
12.0
11.6
10.8
11.0
11. 1
69, 136
71, 507
62, 965
58, 744
56, 403
Fire losses
__thous. of dol__
52, 220
55,416
53, 398
54, 660
60, 064
74, 155
68, 206
125, 363
242 103
612
427 835
131
185
43
15
51
487
920
3()7
567
464
270 908
69, 925
DOMESTIC TRADE
ADVERTISING
Advertising indexes, adjusted:
Printers' Ink, combined index
1935-39=10(L_
Magazines
do
Newspapers . .
do
Outdoor
_.
_
do
Radio
_. __
... do.
Tide advertising index
do
Radio advertising:
Cost of facilities, total
thous. of dol
Automotive, incl. accessories, . __
do__
Drugs and toiletries
do..
Electric household equipment
_ -_do__
Financial
...
. . _. ... _ do. _
Foods, soft drinks, confectionery
. do
Gasoline and oil
do.
Soap, cleansers, etc
do___
Smoking materials _ _ . __ _ _ _. do
All others
do
388
'345
314
380
281
335.5
377
343
296
327
280
324.2
14, 959
16, 419
349
378
4, 192
4,452
144
128
248
303
4,237
4,669
515
549
1,445
1,659
1,698
1, 958
2,148
2,308
r
Revised.
» Preliminary.
* Data for March 1952, 98,000.
efData reported at the beginning of each month are shown here for the
393
338
337
340
286
332.9
394
355
324
323
286
328.4
385
350
303
331
283
328 9
410
368
314
319
279
294 7
418
376
319
340
269
318 9
411
379
'^04
314
23Q
327 0
429
403
307
341
257
315 2
15, 905
16, 577
14 853
11 731
11 789
11 849
14 948
385
379
303
227
299
256
377
4,535
4,829
4 375
3 124
3 060
3 085
3 991
139
147
129
137
143
15-3
' 266
276
294
288
269
298
278
307
4,428
4,592
3,940
3,263
3 310
3 240
4 170
465
479
454
432
440
402
459
1,647
1,785
1,649
1,073
1 204
1 275
1 631
1 901
1 914
1 831
1 375
1 331
1 269
1 855
2,130
2,162
1,878
1, 832
1,747
L848
1. 893
tRevise(* series. Indexes reflect use of new base period; revisions prior to
previous month.
427
347
317
347
258
316 7
435
357
304
352
253
272 5
453
379
293
346
244
337 6
463
36')
304
401
253
334 3
14 377
14 619
14 478
407
339
' 464
3 699
3 751
3 96 7
224
274
147
315
326
359
4 127
4 090
3 959
445
512
475
1 546
1 432
1 557
1 VTA
1 7Q4.
1 841
2.102
1.761
l! 793
February 1951 will be published later.
SUKVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
April 1052
1951
February
March
April
May
June
July
1952
August
September
October
November
December
January
February
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Magazine advertising.^
Tost, total
_
_
thous. of doL_
Apparel and accessories
do
Automotive incl accessories
do
Tiuilding materials
do
Drugs and toiletries
do
Foods, soft drinks, confectionerv . _ --do .
Beer wine liquors
do
42, 904
3,183
3, 213
1, 377
5,710
7, 398
2,067
52, 246
5, 334
3, 613
2. 455
6,264
7,781
2,464
55, 993
5, 007
3. 956
3, 063
6, 582
7,391
2,752
52, 737
4,623
3, 835
2,933
5,845
6, 628
2. 695
47, 445
3,187
Household equipment and supplies
__do._ _
Household furnishings
do
Industrial materials
- do
Soaps, cleansers, etc . . _ . . -. - ...do _ Smoking materials
do
All other
- - - _-do__.
2,153
1, 502
2, 034
1,167
1,241
11,859
3,525
2,696
2,693
1.289
1,267
12, 864
4,072
3, 581
3,150
1, 762
1, 324
13, 353
thous. of lines. _
4,050
4,464
do
do
do
-do
- _. do
- do
-do._ _
176, 831
40, 355
136, 475
7,482
2, 205
29, 435
97, 353
4,454
99, 820
Linage, total
Newspaper advertising:
Linage, total (52 cities)
Classified
..
"Display, total
Automotive
Financial
_
General
Retail
-
-
2 505
6, 217
6,378
2,541
34, 694
879
3, 308
1 483
5, 459
5, 838
2,354
35, 961
3.484
3 400
1 395
4, 568
5,274
1,952
54, 268
6,681
4 154
3 136
6,024
6,617
2,451
61, 987
5, 635
4 587
2 962
6, 963
8,929
3,118
55, 520
4, 232
3 635
1 937
6, 674
7,881
3,254
46, 113
3, 333
2 985
865
5, 698
6,247
4,443
31, 904
1 673
2 47fi
1 908
4 543
4 692
1 590
3,949
3,477
2, 735
1. 525
1.381
13,111
3,652
2,201
3,320
1, 518
1, 661
10, 436
1,654
840
2,234
942
1,478
8,236
1,668
1,007
2.310
956
1, 138
8,808
3,952
3,368
3,240
1, 185
1,341
12, 119
4,713
4,302
3, 704
1,612
1,235
14, 229
3.839
3,506
3,309
1,361
1,170
14, 722
3, 136
2,099
2,891
854
1,532
12, 028
762
1 176
2,372
736
1 088
9,588
4,531
3,926
3,221
3,260
3,934
4,845
4,849
4,129
3,346
3,466
3, 985
218, 341
49, 358
168. 984
8,710
2,724
33, 886
123, 664
226, 647
52, 165
174,482
10. 518
2, 627
38, 078
123, 619
226, 207
53, 766
172, 441
11, 509
2,455
36, 120
122, 357
202, 047
49, 861
152, 186
10, 814
2,214
30, 166
108, 992
178, 389
48, 762
129, 627
9,807
2, 846
23, 690
93, 284
192, 528
50, 887
141, 640
9, 574
1,852
23, 364
106, 851
211, 499
51, 465
160, 033
7,889
2,234
30, 318
119, 592
228, 673
51,844
176,829
9,811
2.732
37, 983
126, 303
230, 083
47, 780
182, 304
9,519
2,417
34, 510
135, 858
214, 041
42, 998
171,043
6,559
2, 526
25, 044
136, 915
178, 077
46, 345
131,731
8,208
3, 663
21 020
98, 840
184, 640
46, 621
138 019
7, 889
5,536
124, 277
7. 183
128, 681
6,756
122T 605
7, 731
121,273
6,238
116,606
6, 485
118.392
6,333
114, 593
7,168
126, 545
6,878
121,892
7,271
124,214
7 268
130, 038
0 948
124 086
11,229
2,282
25 749
102, 100
POSTAL BUSINESS
Money orders, issued (50 cities):
Domestic:
Number
Value
thousands
. thous. of doL.
PERSONAL CONSUMPTION
EXPENDITURES
Seasonally adjusted quarterly totals at annual rates:
Goods and services, total
bil. of dol
208.8
202.4
204.0
200 7
Durable goods, total
Automobiles and parts
Furniture and household equipment
Other durable goods
do
do
do
do
31.3
12.4
14.6
4.3
25.9
10.8
11.0
4.0
25.2
9 7
11 4
4.1
25. 0
94
11 4
4 2
Nondurable goods, total
dot hin01 and shoes
Food and alcoholic beverages
Gasoline and oil
Semidurable housefumi^hings
Tobacco
Other nondurable goods
do
do
do
do
do
do
do
112.1
20.4
67.4
5. 5
2.4
4.6
11.8
110. 1
19.5
67. 1
5 5
2.0
4.6
11.3
111. 5
19 7
67.9
55
21
4 7
11.6
113 6
20 2
69 1
Services
Household operation
Housing
Personal services
Recreation
Transportation
Other services
do
do
do
do
do
do
do
65.4
10.1
20.9
3.9
3.9
5 5
21.0
66.5
10. 2
21.3
4.0
3.9
5 7
21.3
67.3
10 1
21 7
4.0
4 1
5 7
21 6
68. 1
10 2
22 2
4. 1
39
58
21 9
20
4 8
11.9
RETAIL TRADE
All types of retail stores:f
Estimated sales (unadjusted), total- _mil. of dol_.
Durable-goods stores 9
_
do
Automotive group
_do
Motor-vehicle dealers
do
Parts and accessories
do
Building materials and hardware group 9
mil. of doLLumber and building materials
do
Hardware
do
Homefurnishings group
do
Furniture and housefurnishings
do
Household appliances and radios
do
Jewelry stores.
___
_ _
do_ _
Other durable-goods stores 9
do
11, 192
4,143
2,294
2, 103
131
12, 932
4,599
2,487
2,343
144
11, 898
4,316
2,227
2,092
134
12, 736
4,623
2,383
2.245
138
12, 660
4,520
2,343
2,202
140
11,543
4,037
2,089
1, 956
133
12,508
4,409
2,287
2,144
143
12,410
4,190
2,121
1,988
133
13. 190
4. 451
2,142
2,000
142
12, 702
3, 992
1,880
1,742
138
14. 632
4, 106
1, 765
1,611
154
"11,338
r
3, 597
1 872
726
525
201
649
358
292
70
402
862
627
234
659
396
263
79
512
915
673
242
596
377
220
81
498
1,005
734
271
617
408
210
90
528
970
715
255
606
392
214
96
505
900
674
226
546
349
197
71
430
949
713
236
642
406
236
79
453
904
667
237
634
389
245
80
451
1,023
764
259
698
437
261
89
498
862
617
245
707
443
264
109
435
791
492
299
804
505
299
244
502
'693
499
T
194
117
r 549
r 340
203
76
414
3, 752
2 012
1 896
117
669
499
200
569
346
215
409
r 7 741
7,049
8,114
8,333
7,582
8,140
7,506
8,099
8,220
Nondurable-goods stores 9
do
8, 739
8 709
10 526
7 477
814
622
912
729
792
588
648
899
Apparel group
do
820
945
1 295
640
728
149
154
188
176
139
Men's clothing and furnishings _ . do
193
163
196
133
224
331
184
143
241
358
303
322
290
Women's apparel and accessories,
do
212
336
370
262
379
479
258
'279
134
200
152
172
125
163
138
176
199
Family and other apparel
do
312
216
158
137
99
165
144
120
147
111
Shoes_.
__
_ _ ._ ._ _do
114
145
135
r 108
127
174
101
344
380
349
365
369
361
r 360
Drug stores
do
367
359
375
361
495
365
T
811
933
909
962
960
945
Eating and drinking places 9
.do.
1,005
1,008
986
933
968
939
904
3,135
2,730
2,846
3,058
3,156
3,020
3,211
3,141
3,160
3,152
Food group 9- - - -do
3,461
'3 058
2 981
2,218
2,549
2,290
2,458
Grocery and combination
do
2,561
2,584
2, 516
2,410
2,546
2, 550
r 2 467
2 831
2 418
518
585
556
600
594
Other food9_
_ _ _ _ _
_ do, _
614
625
610
628
602
630
591
' 564
609
714
677
678
Gasoline service stations
do
718
720
734
737
699
713
727
659
635
r 1 IQg
1,155
1,458
1, 323
1,448
General-merchandise group
do .
1,181
1, 413
1,465
1,388
1, 762
1,620
2 517
1 151
721
881
807
Department, including mail-order 9 -do
872
840
680
825
889
1, 001
1,123
1,494
713
690
r 172
170
236
190
211
216
197
216
216
Variety
do
236
246
478
186
264
341
326
366
304
358
Other general-merchandise stores
do
347
361
382
393
546
282
975
•"Revised.
^Unpublished revisions for January, February, March, and October 1950 and January 1951 are available upon request.
{Revised series. Estimates of sales and inventories for all types of retail stores and data on sales of chain stores and mail-order houses have been revised in general back to 1940; some
components were revised beginning 1935. For data for earlier periods (through 1947 for sales and 1950 for inventories) and appropriate explanations, see pp. 15-23 of the October 1951 SURVEY;
sales figures beginning 1948 have been further revised since the October SURVEY and are available upon request.
9 Revised beginning 1935.
SUKVEY OF CURRENT BUSINESS
April 1052
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-9
1952
1951
February
March
April
May
June
July
August
September
October
December
November
January
February
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All types of retail stores t— Continued
Estimated sales (unadjusted), total— Continued
Nondurable-goods stores 9 — Continued
Other nondurable-goods stores 9 _ . .mil. of dol.
Liquor
_
__do__
All other 9
do
772
207
565
838
220
749
195
752
204
732
210
692
186
746
200
958
347
843
226
618
554
522
1,062
372
548
731
211
506
547
520
611
618
691
Estimated sales (adjusted), total _
...do.
Durable-goods stores 9
do
Automotive group
do
Motor-vehicle dealers. _
__
__do
Parts and accessories
do
Buildingmaterialsandhardwaregroup9do
Lumber and building materials
do_ _
Hardware
do
Homefurnishings group.
_ ...do.
Furniture and housefurnishings
do
Household appliances and radios
do
Jewelrv stores...
_ _ _ ,do_
Other durable-goods stores 9
do
13, 321
5,049
2,661
2,482
179
992
722
270
788
446
342
99
509
12, 633
4,590
2,353
2,197
12,411
4,272
2,213
2, 085
128
897
658
239
582
369
213
96
484
12, 240
4,186
2,170
2,048
12, 058
3,967
1,983
1,863
12, 429
4,133
2,125
2,000
12, 258
4,138
2,111
1, 975
12, 551
4,189
2,144
2,014
12, 492
4,036
2,007
1,874
12, 318
3,918
1 930
1,801
Nondurable-goods stores 9
do
Apparel group
__do
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 9
. .do.
Food group 9
do.
Grocery and combination
do
Other food 9
..do
Gasoline service stations _ .
do _
General-merchandise croup 9
do
Department, including mail-order 9 --do
Variety
_
. do
Other general-merchandise stores
do
Other nondurable-goods stores 9
do
Liquor
_do_
All other 9
do
Estimated inventories:f
Unadjusted, total
do
Durable-goods stores
do
Nondurable-goods stores
..
. do.
Ad justed, total
do
Durable-goods stores
do
Automotive group
_. _.
do. .
Building materials and hardware group
mil. of dol__
Homefurnishings group
do
Jewelry stores
do
O ther durable-goods stores . _ . . . _ . do . _ _
Nondurable-goods stores
Apparel group
_
Drug stores
_ .
Food group
General-merchandise group
Other nondurable-goods stores
_.
do
do
do _
do
do
do
Chain stores and mail-order houses :f cf
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 stores
do
Eating and drinking places
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 :f cf
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 stores
do
Eating and drinking places
do
Furniture and housefurnishings. . . . .do
General-merchandise group
do
Department, dry goods, and general merchandise
1935-39=100
Mail-order
do
Variety
_ do
Grocery and combination. _
do
r
Revised.
t Revised series; see note marked "t" on p. S-8.
12, 285
4, 276
2,136
' 1, 998
156
138
958
702
929
691
256
690
415
275
103
486
238
635
395
240
103
473
8,272
849
207
317
186
139
380
940
8,043
775
170
298
177
130
382
958
8,009
788
178
311
175
124
365
925
8,139
3,033
2,447
586
722
3,014
2,436
3, 059
2,458
1,522
948
223
351
826
1,421
850
223
348
779
241
585
219
560
3,000
2,419
581
694
1,448
878
224
346
789
219
570
19, 131
8,577
10, 554
19, 044
8,484
2,435
20, 757
9,760
10, 997
19, 743
9,197
2,849
2,323
1,822
628
1,276
122
120
125
136
130
133
874
641
872
647
852
621
832
593
863
624
820
580
233
586
370
216
94
462
225
586
381
205
94
432
231
624
396
228
91
441
239
630
388
242
93
472
239
631
399
232
92
459
240
656
410
246
100
453
8,054
785
174
311
170
130
371
950
8,091
8,296
819
196
314
175
134
373
944
8,120
8,456
844
191
335
186
132
372
955
8 400
128
369
944
8,362
819
184
326
177
132
374
947
3,067
2,456
611
663
1,470
903
238
329
775
291
554
3,164
2, 555
3,087
2 493
594
684
1 485
901
232
352
775
221
554
3,078
2,471
607
705
1,486
885
237
364
953
347
606
3,183
2,586
3 187
2 595
221
551
3,045
2,464
581
690
1, 452
880
227
345
761
220
541
20 837
9,990
10, 847
20, 346
9,598
3,151
20 570
9 870
10, 700
20 643
9 684
3,239
19 718
9 583
10, 135
20 282
9 562
3,141
18 777
9 072
9,705
20 045
9 494
3 058
18, 715
8,638
10, 077
19, 429
9,154
2,921
882
465
417
761
693
717
19 383
8 637
10 746
18 545
8 679
2,744
19, 657
8, 578
11,079
18,280
8,385
2,700
2,364
1,950
651
1,383
2,347
1,989
668
1,443
2,349
1 985
655
1,456
2,367
1 977
639
1,438
2,436
1 940
632
1,428
2,393
1,828
635
1,377
2,303
1 770
596
1 307
2,399
1 664
567
1,305
2, 236
1,618
1,261
1 236
10, 560
2,398
10, 546
2,239
10 748
2,356
10 720
2 586
9 866
2 299
719
723
704
702
2,144
3,401
1,910
710
10 068
2 386
9 895
2,282
711
10 551
2 588
10 275
2,475
707
10 959
2 498
2,156
3,484
1,956
2 080
3,613
1,980
2 072
3 625
2,041
1 994
3 446
1,990
1 909
3 423
1,921
9 875
2 244
r
670
2 096
2 950
1 915
2,333
161
21
66
42
38
74
71
56
39
591
2,863
276
32
113
78
43
82
76
63
44
785
2,564
201
24
84
54
40
94
69
62
40
718
2,797
240
27
100
68
44
103
71
65
45
798
2,840
237
28
94
70
51
102
73
63
45
803
348
90
141
871
473
102
195
511
96
175
973
517
90
179
1,023
452
93
158
903
336.3
381.5
301.9
225.0
324.4
226.7
311.5
396.3
255.7
264.3
463.4
414.5
359.3
368.3
290.5
179.2
321.1
232.5
270.1
369.6
251.8
266.7
431.9
393 9
355.9
362.2
274.5
193.8
307 5
195.4
242 7
369.6
241 2
264 9
409.5
383 4
372.1
370.7
304.6
200. 1
331 3
239.6
231 4
351.3
239 2
276 8
399 9
399 7
596 8
303.6
247.6
423.1
559 5
281.7
247.2
423.8
535 8
280 9
248.1
427.5
558 1
292 3
260 0
434.5
578
714
9 Revised beginning 1935.
826
185
321
182
138
368
958
601
680
1,476
879
234
363
772
818
199
308
176
135
369
929
609
682
1,533
922
246
365
781
227
554
776
168
314
166
18
8
10
18
8
2
r
829
r
f 12, 650
M,150
' 2 023
1,878
129
146
805
568
822
178
332
184
128
386
933
592
719
1,545
941
232
372
843
1 534
917
233
384
819
233
103
494
r 8 500
r
863
r
197
"339
194
' 134
'378
T
980
8 457
' 3 235
3 186
2 573
r 2 619
T
616
721
1 490
910
r 235
'345
832
192
327
179
134
390
1 014
613
729
17
7
9
18
8
2
r 833
09Q
r 606
598
300
939
361
093
218
613
r 17 414
2,172
1 588
570
609
1 873
3,327
1,898
1 941
3 193
1 849
1 929
3 056
1,870
2 002
2,977
1,950
2,526
175
19
72
51
49
98
73
65
39
692
2,754
186
18
80
53
55
103
74
67
47
812
2,810
237
3,007
251
35
105
60
47
95
73
63
56
957
3,819
366
25
99
68
47
105
72
64
47
831
3,008
246
31
104
62
49
120
77
66
55
905
516
101
179
954
536
100
179
956
567
125
196
970
585
152
203
992
345.2
372 3
301 5
228 2
324 4
226 3
235 8
343 7
247 3
278 8
397 3
402 8
358.5
381 5
303.5
215 3
328 3
234 9
265 1
331 5
249 7
277 8
404 8
417 4
382.7
373 3
293 4
183 0
331 9
226 8
272 4
321 2
251 4
273 7
423 6
392 2
393.5
382 3
302 1
201 6
341 2
228 0
265 5
334 9
253 1
276 2
456 2
399 0
410.1
384 2
312 8
915 5
351 1
228 8
273 1
332 5
247 3
280 0
460 0
404 1
498.5
387 0
313 6
218 3
354 3
223 3
280 2
324 2
246 6
275 1
466 3
402 3
540 7
286 6
252 3
440.8
560 9
295 6
264 2
439.1
590
283
272
4.52.
551 0
273 2
257 2
556
283
263
445
564 8
302 0
258 1
4.5!)" 0
564
296
256
466
T
T
198
206
992
189
240
469
2,339
1 599
594
1 239
T 9 864
T 2 206
9 949
2 297
680
691
r i 953
T 3 114
r
1 911
9 054
3 006
1 901
r
2,445
169
20
71
44
38
68
74
62
42
604
2, 458
' 173
' 24
r
70
44
35
70
r 73
64
'39
' 594
1 386
!
8 197
2 532
18
8
9
18
8
2
' 2, 284
r i 554
' 594
r
1 233
51
150
90
69
72
105
68
71
1
1
8
9
9 407
r 18 061
1 111
367.4
368.3
292.8
194 3
323 8
223.5
253 3
335 6
247 6
271 6
417 5
388 4
r 8 007
T
820
152
393
1,017
438
76
163
906
cf Revisions prior to August 1950 are available upon request.
259
664
418
246
96
502
r 417
T 226
684
447.8
156
925
666
212
607
208
635
712
6
8
5
9
908
451
265
109
1 479
889
236
354
827
699
6
7
4
8
600
12
4
2
2
'880
631
f 249
'649
237
625
405
220
95
463
597
714
802
202
206
'624
r 348
90
r 143
'972
' 330. 1
r 381 (,
T
303 2
r 2()7 1
T
r
r
r
r
342
220
276
322
253
4
7
6
5
4
r 281 7
r 478 4
r 405 7
r 5(59 7
2°4 6
r 201 i
' 452 4
346
90
154
959
338.9
382 6
303 o
206 5
335 4
9
28 8
300 0
350 0
258 3
283 5
479 6
407 6
^79
293
262
447
i
3
9
n
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
April
1951
February
March
April
May
June
1952
July
August
September
October
November
December
136
182
177
197
r 142
190
124
180
50
21
45
19
47
19
45
18
January
February
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Department stores:
Accounts receivable, end of month: t
Charge accounts
1947-49=100
Instalment accounts
do
Katio of collections to accounts receivable:
Charge accoun ts
percent _ .
Instalment accounts
do
Sales by type of payment:
Cash sales
percent of total sales. _
Charge account sales
do
Instalment sales
__do
Sales, unadjusted, total U. S.f
Atlanta
P>oston
Chicago
Cleveland
Dallas
Kansas City
"Minneapolis
New York
Philadelphia
Richmond
St Louis
San Francisco
125
199
120
194
116
186
118
178
115
171
103
163
103
162
113
166
122
172
46
17
50
19
47
18
49
18
49
19
46
18
48
19
47
19
50
21
46
44
10
48
43
9
48
43
9
48
44
8
50
42
8
50
41
9
48
41
11
47
43
10
46
43
11
47
43
10
49
42
9
48
42
10
48
42
10
90
96
83
89
93
95
93
86
90
89
88
86
r
94
98
115
93
96
99
108
101
84
95
105
100
94
94
99
101
95
99
103
106
100
100
96
99
100
96
95
103
103
101
105
106
109
104
101
98
105
109
102
98
99
97
98
99
100
100
97
94
105
99
103
90
97
84
89
73
86
84
96
85
81
74
76
86
85
93
93
99
82
94
94
104
102
97
80
83
95
95
101
112
116
110
114
114
124
119
112
106
112
118
111
108
112
116
105
111
115
119
117
118
108
114
121
111
107
134
138
129
132
140
144
131
120
131
144
145
130
125
183
203
188
175
181
203
185
166
179
185
192
168
189
83
90
81
81
87
95
86
72
80
'81
80
81
83
83
*93
»76
81
83
93
*84
83
82
82
83
80
85
115
114
111
116
120
118
116
117
110
120
M16
108
112
105
113
102
107
104
112
110
93
103
109
105
99
102
104
105
98
104
108
112
103
101
102
105
111
98
102
104
107
100
105
104
111
104
100
100
104
110
98
104
105
114
98
101
106
113
104
98
108
103
110
98
103
105
111
106
101
107
114
104
101
103
105
105
104
108
109
110
108
107
108
115
111
109
106
111
121
106
106
107
111
100
106
108
115
112
101
101
107
109
105
108
108
111
103
109
112
114
110
104
103
108
114
105
106
112
121
106
110
114
129
116
107
104
109
118
109
114
109
121
106
109
109
122
113
104
103
105
109
r
107
110
108
118
102
106
115
122
115
96
100
'110
r
l!4
111
105
105
Pill
P101
105
108
115
v 105
113
100
110
109
100
101
125
129
139
133
145
138
139
136
129
136
127
138
129
134
132
128
135
121
133
117
107
119
106
118
»113
*116
thous. of dol
_ -do. __
do__ _
253, 570
77, 573
175, 997
310, 175
95, 107
215, 068
311,771
95, 175
216, 596
328, 424
100, 408
228, 017
322, 649
92, 911
229, 738
273, 067
79, 657
193, 410
328, 568
98, 508
230, 060
338, 278
100, 873
237, 405
374, 319
117,371
256, 949
398, 865
121,494
277, 371
477, 842
146, 189
331,653
248, 926
63, 912
185,014
246, 186
67, 879
178, 303
1935-39=100-.
do
do
do
do
_
do__.
do
do. .
do.. _
do
269. 3
230.9
304. 4
251. 3
295. 5
321.7
278.1
350.0
314.1
395.6
291.5
279.4
323.5
275.8
312.0
307.8
279.4
340.5
290.3
346.7
287.6
269.5
304.0
270.9
325. 5
300. 5
271.1
331.2
277.6
348.1
285.3
261.3
293.3
276. 6
317.8
318. 1
291.0
353. 8
312. 2
354.7
287.0
265. 9
304.2
271.1
349.2
323. 6
306. 3
371. 4
296.0
385. 9
242.6
216.1
263.3
228. 5
307.1
329.2
323.5
376.7
305.9
376.3
294.9
261.8
301.7
281.3
366.1
321. 6
298. 5
336. 0
303.8
375.5
334. 1
285.1
369.0
316.1
394.4
302.1
274.9
324. 3
293. 8
344.8
362.0
325.6
418.0
340.7
403.8
302.7
271.3
327. 1
290. 0
359.3
439. 3
445.9
500.6
411.6
456.1
339.0
319.2
365. 9
313. 2
3&3.7
499.6
453.7
534.4
468.5
606. 5
340.8
314.0
386. 4
315.7
386.8
248.5
228. 4
273.8
236. 3
276.8
328. 3
301.3
342.2
315.1
376.1
263.3
242.7
296.1
240.0
284.7
314. 6
292.4
340. 3
300. 0
381.1
8,392
2,750
5,642
9,841
4, 404
5,437
8,820
3,087
5,733
10, 122
4,661
5,461
8,078
2,888
5,190
10, 187
4, 875
5, 312
8,483
2,858
5, 625
10, 235
5.032
5, 203
8, 265
2,736
5, 529
10, 005
5, 034
4,971
7,980
2, 508
5,472
10, 097
5,019
5,078
9,124
2,889
6,235
9,987
4,867
5, 120
8, 925
2,836
6,089
10,059
4,792
5,267
10, 129
3, 103
7,026
10,116
4,723
5,393
9,795
2,812
6,983
10, 077
4, 650
5,427
9,237
2,516
6,721
•• 9, 861
4,606
5,255
8,746
2,375
6,371
10,015
4,823
5,192
8,209
2,465
5,744
9,861
4,800
5,061
1947-49=100..
do
do
. _.do
do
- do
do
do
_. _.do
do
do
_
do
do
_
Sales adjusted total U. S t
\tlanta
Boston
Chicago
Cleveland
Dallas
Kansas City
Minneapolis
_
New York
Philadelphia
_
Richmond
St Louis
San Francisco
Stocks, total U. S., end of month :t
Unadjusted
\djusted
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 We^t
Totr>l U. S., adjusted
Ea^t
South
Middle West.
Far West
do
-do
do
do
-do
do
do _
do
do
-do. .
do
do
do
_do_
do
-
r
r
WHOLESALE TRADE*
Sales estimated (unadj.), total
Durable-goods establishments
Nondurable-goods establishments
Inventories estimated (unadj ) total
Durable-goods establishments
Nondurable-goods establishments
mil. of dol. _
do
do__ _
do
do
__ _do
EMPLOYMENT AND POPULATION
POPULATION
Population, continental United States:
Total, incl. armed forces overseas
thousands. _
153,302
153, 490
153, 699
153, 900
154, 122
154, 353
154, 595
154, 853
155, 107
155, 356
155, 575
155, 783
155. 997
108, 933
52, 140
56, 793
108, 964
52, 108
56, 856
108, 879
51, 980
56, 899
108, 832
51,883
56, 949
108, 836
51,834
57, 002
108, 856
51,798
57, 058
108, 896
51, 778
57, 118
108, 956
51, 780
57. 176
109, 064
51,826
57, 238
109, 122
51,824
57, 298
109, 200
51,844
57, 356
109, 260
51, 852
57, 408
109. 274
51, 810
57, 464
do..
do
_ do. __
61,313
42, 894
18,419
62. 325
43, 379
18, 946
61,789
43, 182
18, 607
62, 803
43, 508
19, 294
63, 783
44,316
19, 467
64, 382
44, 602
19, 780
64, 208
44, 720
19, 488
63, 186
43, 672
19, 514
63, 452
43 522
19, 930
63,164
43 346
19. 818
62, 688
43, 114
19, 574
61, 780
42 864
18, 916
61,838
42 858
18, 980
Employed
Male
Female
do_ __
do
do
58, 905
41,300
17, 605
60, 179
42, 102
18, 077
60, 044
42, 154
17, 890
61, 193
42, 558
18, 635
61,803
43, 149
18, 654
62, 526
43, 504
19, 022
62, 630
43, 764
18, 866
61, 580
42, 830
18, 750
61,836
42, 632
19, 204
61, 336
42, 344
18, 992
61, 014
42, 106
18, 908
59, 726
41, 480
18, 246
59, 752
41, 482
18, 270
Agricultural employment
Nonagricultural employment
Unemployed
do
do
do
5, 930
52, 976
2,407
6,393
53, 785
2,147
6,645
53, 400
1,744
7,440
53, 753
1 609
8,035
53, 768
1 980
7,908
54, 618
1, 856
7,688
54. 942
1 578
7, 526
54, 054
1 606
7,668
54, 168
1 616
7,022
54,314
1 828
6,378
54, 636
1 674
6,186
53, 540
2 054
6, 064
53, 688
2 086
EMPLOYMENT
Employment status of civilian noninstitutional
population:
Estimated number 14 years of age and over,
total
thousands
Male
_
do.. .
Female
do
Civilian labor force, total. . _.
Ma,le
Female ._ - .
44, 474
47. 619
46. 638
45. 053
47. 092
46. 029
44. 688
45. 770
Not in labor force
.do
45. 612
45. 958
46. 512
47. 480
47. 436
Revised.
? Preliminary.
fReyised series. Data have been revised to reflect use of new base period and to incorporate other major changes. Revisions back to 1941 for accounts receivable and back to 1919 for sales
by districts and for stocks will be shown later; revisions (1919-50) for total U. S. sales are shown on p. 32 of the February 1952 SURVEY.
*Data on total wholesale trade have been substituted for the series on service and limited-function wholesalers. Figures for earlier periods appear on pp. 15-24 of the October 1951 SURVEY.
r
SURVEY OF CURRENT BUSINESS
April
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-ll
1952
1951
February
March
April
May
June
July
August
September
October
November
December
January
February
EMPLOYMENT AND POPULATION—Continued
EM P LO YM ENT— Cont inued
Employees in non agricultural establishments :
Total, unadjusted (U. S. Dept. of Labor)
thousands- .
Manufacturing _
_ _ do _
Durable-goods industries
do
Nondurable-goods industries
do
Mining, total
_
do _
Metal
do
Anthracite
do
Bituminous coal
do
Crude-petroleum and natural-gas production
thousands
Nonmetallic mining arid quarrying
do
Contract construction _.
__ __do _
Transportation and public utilities
do
Interstate railroads
_
do
Local railways and bus lines
_ _ do_ _
Telephone
do
Telegraph
do
Gas and electric utilities
_ __do__
Trade
_
do _
Wholesale trade
_ _. _ _ _ _ _ _ d o _
Retail trade
do
General-merchandise stores
do
Food and liquor stores
_ _do
Automotive and accessories dealers.-.do
Finance
do _
Service
_
_ _ _ _ do
Hotels and lodging places .
_ do_ _
Laundries
_ _ _
do
Cleaning and dyeing plants
__do_ _
Government
do
Total, adjusted (Federal Reserve)
Manufacturing
- _
Mining
Contract construction
Transportation and public utilities
Trade
Finance
Service
Government
_ _.
_
_
do
do _
do
do
do
do
do
do
do_
Production workers in manufacturing industries:
Total (U S Dept. of Labor) _
thousands
Durable-goods industries
__ _ do
Ordnance and accessories
_
do
Lumber and wood products (except furniture)
thousands
Sawmills and planing mills
do
Furniture and fixtures
_
*_do __
Stone, clay, and glass products
do
Glass and glass products
do
Primary metal industries
_ __ _ do
Blast furnaces, steel works, and rolling
millsj
thousands
Primary smelting and refining of nonferrous metals. _ __ __ _ _ thousandsFabricated metal prod, (except ordnance, machinery* transportation equipment)
thousands- _
Heating apparatus (except electrical) and
plumbers' supplies
thousands
Machinery (except electrical)
_ _ do
Electrical machinerv
do
Transportation equipment
__ _ _ do
Automobiles _
_
do
Aircraft and parts
do
Ship and boat building and repairs__ do _
Railroad equipment
do
Instruments and related products
do
Miscellaneous mfg. industries
do
45, 390
15, 978
8,877
7,101
930
106
73
402
45, 850
16, 022
8,969
7,053
924
105
72
396
45, 998
15, 955
9,003
6,952
911
104
68
382
46, 226
15, 853
8,975
6,878
915
r
103
70
377
46, 567
15, 956
8,998
6,958
927
105
70
378
46, 432
15,813
8,839
6,974
906
105
66
359
46, 724
16, 008
8,878
7 130
922
105
68
370
46,956
16, 039
8,913
7,126
917
104
68
367
46, 902
15,965
8,942
7,023
917
104
67
367
252
97
2,228
4,082
1,429
144
623
48
520
250
100
2,326
4,112
1,451
144
626
48
519
255
103
2,471
4,132
1,463
144
629
48
520
258
106
2,598
4,137
1,463
144
630
49
521
265
108
2,686
4,161
1,468
143
637
48
527
268
108
2,754
4,176
1,468
141
648
49
534
270
110
2,806
4,190
1,468
142
652
48
535
269
110
2,768
4, 178
1,457
141
648
47
532
269
109
2,761
4,166
1,440
141
649
48
529
9,554
2,593
6,961
1,431
1,257
735
1,839
4,657
432
351
145
6,122
9,713
2,590
7,123
1,512
1,264
736
1,854
4,682
435
351
150
6,217
9,627
2,579
7,048
1,453
1,264
739
1, 865
4,745
445
354
153
6,292
9,683
2,568
7,115
1,475
1,271
742
1,874
4,789
452
360
159
6,377
9,732
2,581
7,151
1,458
1,270
750
1,893
4,835
478
365
161
6,377
9,667
2,594
7,073
1,407
1,268
756
1,908
4, 852
510
369
158
6,356
9,641
2,596
7, 045
1.399
1,260
757
1,914
4,839
507
365
153
6,401
9,781
2, 594
7, 187
1,487
1,274
754
1,898
4,831
473
362
157
6 544
9,893
2,622
7,271
1,550
1,281
748
1, 898
4,770
437
360
159
6, 532
r 10, 109
46, 078
16, 009
939
2,503
4,117
9,769
1,848
4,728
6,165
46, 266
16, 058
930
2,556
4,147
9,762
1,854
4,729
6,230
46, 411
16, 102
914
2,574
4,153
9,773
1,856
4,745
6,294
46, 507
16, 081
916
2,572
4,140
9,821
1,865
4,765
6,347
46, 626
16, 097
923
2,558
4,132
9,857
1,874
4,787
6,398
46, 602
16, 026
899
2,574
4,134
9,837
1,880
4,780
6,472
46, 553
15,891
914
2,601
4,143
9 822
1,895
4,791
6,496
46, 465
15, 801
912
2,587
4,157
9 791
1 908
4 783
6,526
46, 415
15, 748
914
2,630
4,173
9 770
1 917
4,746
6,517
r 46, 482
r
15, 761
T
916
2,581
4,169
9 827
1 926
4 758
6,544
13, 186
7,371
27
13, 189
7,428
29
13, 108
7,445
30
12, 993
7.406
32
13, 064
7,409
34
12, 885
7,226
38
13 069
7,261
41
13 087
7 279
44
12 997
7,296
47
r
736
428
324
473
128
1,153
722
426
326
479
130
1,159
752
'443
317
483
132
1,161
764
449
301
484
131
1, 162
773
456
286
485
130
1,172
748
443
284
478
124
1,155
754
449
285
484
130
1,165
745
443
285
482
130
1, 162
740
439
289
479
128
1,160
' 1,149
'695
'411
294
465
123
' 1, 164
562
565
572
572
575
573
570
r 558
r 572
571
r
r
r 47, 592
' 45, 903 *> 45, 834
' 15, 912 ' 15, 776 f 15, 819
' 8, 999
' 8, 946
v 8, 971
r 6, 913
' 6, 830 * 6, 848
'915
'909
p905
'106
'107
* 107
67
67
'369
'368
"365
'269
'107
' 2, 633
' 4, 165
1,428
269
'105
' 2, 524
' 4, 151
1,416
'141
654
47
527
r 141
653
47
528
r
' 2, 657
r
7, 452
' 1, 701
1,295
759
' 1, 907
' 4, 734
430
357
157
6,497
268
100
' 2, 316
' 4, 109
1,397
141
653
47
525
10, 646
' 2, 658
' 7, 988
' 2, 089
'1,312
768
r
1,911
4,702
426
356
r
155
6,831
r
9, 706
' 2, 627
' 7, 079
' 1,474
' 1, 266
'751
' 1, 906
' 4, 672
424
356
155
6,509
100
v 2, 276
" 4, 105
* 9, 653
v 2, 636
"7 017
v 1, 442
» 1, 268
P747
v 1 919
p 4, 667
v 6 490
r
46, 548 ' 46, 459 ' 46, 528
'15,811
' 15,830 p 15 840
p
' 916
'915
915
' 2, 576
' 2, 545
2, 557
r
4, 151
' 4, 145
4, 141
r Q 881
9 870
' 9 837
r
r 1 9J6
1 930
1 929
4 749
' 4 743
4 738
6, 534
6 528
6 538
' 12 911 r 12 775
12 904
P 12 803
' 7 314 ' 7 325 ' 7 269 P 7 286
P 55
'52
50
' 54
r
r
719
428
294
472
125
' 657
389
' 293
451
120
' 1 163
P (551
P 293
"448
v 1 162
559
561
47
47
47
46
48
47
48
47
47
47
47
47
852
858
859
850
843
813
817
810
809
'805
'808
'807
132
1,215
716
1, 233
791
288
95
49
215
427
134
1, 231
724
1,253
793
299
96
54
218
429
133
1,239
718
1, 243
774
309
94
56
221
422
130
1,242
707
1, 233
752
318
95
58
222
409
128
1,252
704
1,237
738
333
98
59
223
400
123
1,235
684
1,187
684
347
101
47
221
383
122
1,209
696
1,198
675
357
99
57
224
388
121
1,219
707
1,211
679
360
102
60
226
388
120
1,242
707
1,205
667
362
104
62
228
390
120
1,255
r
718
1, 234
118
1,270
' 725
1, 239
r 651
406
109
63
'232
'381
114
r
1, 276
r 723
r
l 240
640
415
115
61
'231
'374
5,659
1,225
236
116
226
192
161
75
1 167
574
210
5,808
1,307
233
114
305
192
161
84
1 152
561
212
5 808
1, 330
235
108
330
193
156
80
1 136
551
205
5 701
1,254
236
103
238
195
150
89
1 133
546
209
'5 590
r
1, 160
r
246
'99
r
145
r 192
147
85
r
1 1 32
544
209
r
990
129
1 047
139
1 037
138
1 019
131
r I
' 1 033 ' 1 026 P 1 ()49
'121
125
233
271
418
214
238
295
419
215
239
284
416
214
933
270
413
212
r 233
'279
T 4n
212
r 237
'294
409
212
220
299
' 404
211
507
151
167
509
151
166
515
153
167
517
153
169 |
'519
154
170
519
155
170
514
151
170
5,815
5,761
5,655
Nondurable-goods industries
_ _
do
5, 587
5,663
1,099
1,096
1,146
Food and kindred products, _ _
do
1,085
1,099
238
233
Meat products
_
- d o
233
229
229
95
Dairy products
„ _ _ __
_ .do..
99
110
103
116
Canning a n d preserving _ _
.do
127
125
154
128
137
188
192
Bakerv products
do
190
190
190
145
Beverages
do
143
155
147
145
Tobacco manufactures
do
80
78
76
76
74
Textile-mill products
do
1, 269
1,223
1,214
1,206
1, 205
Broad-woven fabric mills...
_ . do
604
564
567
574
588
Knitting mills
_
do
236
236
222
216
230
Apparel and other finished textile prod1,115
ucts
_
thousands
1, 106
1,047
1,000
998
141
Men's and boys' suits and coats do__
141
135
135
138
Men's and boys' furnishings and work
259
clothing _
thousands
261
253
245
263
317
305
249
255
267
Women's outerwear
do
424
424
426
Paper and allied products. _ __
do
423
427
213
215
209
209
212
Pulp, paper, and paperboard mills.. _. do
Printing, publishing, and allied industries
510
512
510
512
510
thousands. _
152
152
Newspapers
do
150
151
150
Commercial printing
_do
170
168
168
169
170
' Revised.
» Preliminary.
t Figures for 1939-46 on the revised basis for the indicated series, available since publication of the 1951
' 46, 852
' 15, 890
r 8, 976
6,914
'917
' 105
67
'368
r
T
r 655
395
111
63
230
'388
008
'117
STATISTICAL SUPPLEMENT, will be shown later.
5 586
' 1,123
' 251
9(5
* 123
191
r 146
84
1 142
547
r 211
P810
P 1 281
v 797
p i 245
V"232~
P 382
P 5 517
' 1 068 P 1 064
240
93
108
1S7
136
r 5 506
r y2
r \ I'.}'}
p on
p ] 1 20
540
209
p 403
poll
SUEVEY OF CUKKENT BUSINESS
S-12
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
April 1952
1952
1951
February
March
April
May
June
July
August
September
October
November
December
January
February
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Production workers in mfg. industries— Continued
Total (U. S. Dept. of Labor)— Continued
Nondurable-goods industries — Continued
Chemicals and allied products
thousands. _
Industrial organic chemicals.
do
Products of petroleum and coal
do _ _
Petroleum refining:}:. .
do __
Rubber products
do
Tires and inner tubes
__do__ _
Leather and leather products
do
Footwear (except rubber)
._ do
Manufacturing production-worker employment
index, unadjusted (U. S. Dept. of Labor) f
194 7-49= 100. _
Manufacturing production-worker employment
index, adjusted (Federal Reserve) 1-1947-49= 100. .
532
163
222
91
374
239
539
167
192
149
220
88
371
237
538
168
194
150
219
87
353
225
531
170
194
151
220
88
331
210
528
172
198
154
220
90
344
222
526
172
198
154
217
90
336
215
531
174
198
154
218
92
343
221
543
175
197
154
218
92
327
208
544
172
197
154
215
90
320
201
'542
173
'197
154
'219
'95
r
317
r
!98
538
171
'196
155
'219
r
96
323
'206
106. 6
106.6
106.0
105.0
105. 6
104.2
105.7
105.8
105.1
104. 3
104.4
103. 3
* 103. 5
106.8
106.9
107.1
106.8
106. 8
106.0
104.8
103. 9
103.4
103. 3
103.5
103. 7
* 103. 7
191
148
Miscellaneous employment data:
Federal and State highways, total §
number. _ 221, 485
56, 363
Construction (Federal and State)
do _ _
113, 856
Maintenance (State)
_
do
Federal civilian employees:
2,146
United States
thousands
240
Washington, D. C., metropolitan area._do
Railway employees (class I steam railways) :
1,287
Total
thousands. .
Indexes:
122.8
Unadjusted
1935-39=100
125.9
Adjusted
do
r
r
536
170
' 193
153
"539
p 193
P 216
r 219
96
P 342
r 331
214
233, 036
67, 538
114,118
258, 291
92, 164
114, 672
286, 236
115,462
118, 484
315, 230
130, 395
128, 859
323, 393
138, 673
128, 024
326, 930
140, 248
129, 429
314, 679
135, 562
124, 067
303, 304
128, 757
121, 524
2,196
244
2,240
247
2 273
248
2 313
256
2 334
258
2 341
254
2 330
250
2 335
249
2 342
249
1,309
1,321
1,324
1,330
1,330
1,332
1,321
1,305
1 293
r
124.9
128.0
126.1
128.1
126.4
126.9
127.0
125.2
127.0
124. 3
127.1
124. 5
126. 1
123.1
124.6
120.5
123 3
122 2
130.0
129.5
128.1
129.8
126.4
128.4
130.9
129.8
129.8
132. 9
130. 9
273, 542
99, 528
120 521
r
246, 185 p 227, 517
75, 055 v 55, 813
118 551 P 118 621
r
2 344
248
2 359
249
2 370
248
1 285
1 256
j> 1 9^2
'122 2
'124 2
p 119 7
p 124 5
]]q 4
v 122 4
p
PAYROLLS
Manufacturing production-worker payroll index,
unadjusted (U. S. Dept. of Labor) f_1947-49=100_.
128.5
LABOR CONDITIONS
Average weekly hours per worker (U. S. Dept. of
Labor) :
All manufacturing industries _
hours. _
Durable-goods industries,-.
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
hours
Sawmills and planing mills
do
Furniture and
fixtures
do
Stone, clay, and glass products
do
Glass and glass products
do
Primary metal industries..
_do
Blast furnaces, steel works, and rolling
millsj
_
hours
Primary smelting and refining of nonferrous
metals
hours
Fabricated metal prod, (except ordnance, machinery, transportation equipment)hours_
Heating apparatus (except electrical) and
plumbers' supplies
hours _
Machinery (except electrical)
do
Electrical machinery
do
Transportation equipment
... do
Automobiles __ .
_
do
Aircraft and parts
do
Ship and boat building and repairs. . do
Railroad equipment
do
Instruments and related products
do
Miscellaneous mfg. industries
do
Nondurable-goods industries
Food and kindred products
Meat products
Dairy products
Canning and preserving- _ __
Bakery products. _
_
Beverages
Tobacco manufactures
_ _
Textile-mill products
Broad-woven fabric mills.
Knitting mills
do_ _
do
do
do
do
do _
do
do
do
do
do
40.9
41.6
42.7
41.1
41.9
43.1
41.0
42.0
42.7
40.7
41.8
43.2
40.7
41.8
42.4
40.2
40.9
43.1
40.3
41.3
43.9
40.6
41.6
44.2
40.5
41.7
44 0
40.5
41.5
43.9
41.2
42 2
'45. 1
r 40 9
' 41 9
' 44*3
P 40 8
p 41 X
p 44 T
40.5
39.9
42.2
41.3
40.3
41.1
4Q.6
40.1
42.3
41.9
41.0
41.8
41.4
41.1
41.1
42.1
41.3
42.1
41.5
41.3
40.4
41.9
40.4
41.7
41.9
41.5
40.4
41.8
40.4
41.8
39 8
39.6
39.7
41 4
40.4
41.1
40 9
40.6
40.8
41 5
39.2
40.9
40 6
40.2
41.1
41 5
39.3
41.3
41 3
40.8
41.4
41 7
39.8
41.2
40.6
40.4
41.1
40.9
39.2
41.2
'40.7
'40.1
'42.0
41 2
40.3
'42.2
r 40 0
39 2
'41.7
r 4Q g
39 9
' 41 6
P 41.6
P 41 1
40.0
41.3
41.6
41.1
41.4
40.8
40.2
41.0
40.4
'41.0
r
41.9
P 40 S
p 41 4
41 2
41.3
41.3
41.9
41.8
41.9
40.9
41.4
40.4
41.6
41.1
41.3
41 3
41.7
42.1
42.0
41.8
41.8
41.0
41.3
41.7
41.7
41.4
'42.5
'42.1
41.5
43.5
41.3
40.8
39.9
43.3
40.4
40.8
42.2
41.6
41.9
43.8
41.3
41.2
40.3
43.9
40.2
41.1
42.3
41.5
41.5
43.9
41.3
40.9
39.7
44.0
39.9
41.5
42.5
41.3
41.2
43.6
41.5
40.9
39.8
43.9
39.8
41.2
42.3
40.7
41.2
43. 5
41.5
40.4
38.9
43.8
40.1
40.3
42.6
40.8
39.6
43.0
40.4
39.9
37.9
43.7
40.4
40.7
41.8
39.9
39.9
43.0
40.8
40.9
39.5
43.6
40.2
40.7
41.9
40.1
40.8
43.2
41.5
41.1
39.8
43.9
40.0
40.7
42.2
40.4
41.1
43.4
41.5
40.9
39.7
43.3
40.2
40.9
42.3
40.6
40.4
'43.2
'41.8
'40.7
'39.1
'43.9
'39. 1
r
40. 6
42.5
40.6
41.3
44.0
'42.3
41.6
40.3
44.2
'40.1
40.5
'42.6
41.4
40.7
r 43 9
'42 3
41 6
40 7
43 3
40.4
41.4
'42.2
'41 0
40.0
41.0
39.9
44.1
37.8
41.5
40.3
37.9
40.8
41.2
38.8
40.0
41.0
40.6
44.4
37.5
41.5
40.9
36.8
40.5
41.2
38.1
39.7
41.2
41.2
44.3
38.7
41.6
40.5
36.8
39.9
40.9
36.7
39.3
41.6
41.6
45.1
38.1
41.9
41.2
36.6
38.8
39.9
35.3
39.4
41.9
41.8
45.4
38.6
42.1
41.9
37.9
38.6
39. 5
35.6
39.3
42.2
41.8
45. 4
40.8
42.2
42.0
37.6
37.7
38.3
35.4
39.1
42.0
41.3
44.9
41.7
41.9
41.9
38.5
36.7
37.1
35.3
39.4
42.8
41.9
45.0
43.5
42.1
41.8
39.5
36.9
37.1
35.5
38.9
42.0
41.5
44.3
42.5
41.7
40.8
39.7
37.2
37.0
36.3
39.2
42.0
'44.1
43.8
37.0
'41.5
'40.6
'39.3
37.8
37.6
'37.3
39.9
'42.3
' 44.4
44.1
38.7
41.4
'40.5
39.6
39.3
39.3
37.6
39.5
'41 6
42.3
44 2 i
38.7
41 1
40 3
'38.6 1
'39 0
39.0
37 2
P42.0
P 4-} g
P 42 3
r 40 8
P42.2
P 40 9
?' 39 5
P 41 (]
r> 38 3
v 38 5
Apparel and other finished textile products
37.5
36.5
35.3
37.4
35.3
35.5
hours. _
35.4
35.6
36.2
35.8
34.6
36.1 |
P 36. 7
r
38.0
37.5
36.0
36.3
36.2
35.1
'32.2
38.6
35.0
32.5
Men's and boys' suits and coats
do
33.9
33.4
Men's and boys' furnishings and work
37.4
35.0
37.0
35.5
37.9
34.4
35.3
clothing
hours. _
35.5
35.6
35.0
35.7
35.9
r
35.9
35.1
33.8
36.7
34.3
34.9
35.4
34.4
' 34. 6
Women's outerwear
do
35 8
32.8
36 0
43.4
43.7
43.4
43.7
43.1
42.8
42.6
Paper and allied products _
do _
42.5
42.4
42.8
' 42 7
'42.8
p 42 6
44.5
44.3
44.8
Pulp, paper, and paperboard mills .do
44.7
44.6
44. 5
44.1
44.2
44.0
43.8
44.3
44.0
Printing, publishing, and allied industries
38.4
38.9
38.8
38.9
38.7
39.2
38.6
38.7
38.6
38.7
39.5
hours. '38.8
p38. 7
36.0
36.7
36.6
36.8
36.7
36.3
36.9
36.3
36.7
36. 7
Newspapers
do
36 0
39.4
39.8
40.3
40.0
39.7
40.5
Commercial printing
__
do
39.8
39.9
39.5
' 39. 9
40 7
40 4
41.8
41.7
41.9
41.8
41.6
41.7
41.5
41.8
41.7
41.8
Chemicals and allied products.
do
'41 6
'41.8
p 41 0
r
41.2
41.3
40.8
41.3
41.0
40. 4
41.3
41.3
40.3
40.8
Industrial organic chemicals
do. __
40.6
40 2
41.2
40.7
40.6
40.6
40.9
40.6
41.4
'40.7
Products of petroleum and coal
do
'41.1
41.8
40.9
p 40.7
'40.7
40.2
40.2
40.9
40.4
40.2
40.5
41.1
41.6
40.4
'40.6
41.1
Petroleum refiningt
_
do
40 7
38.9
40.0
41.9
40.0
41.3
41.0
40.9
MO. 5
40.7
'41.1
Rubber products,. __
do
40.3
' 41.1
P 40 7
r
r
35.5
37.0
41.2
Tires and inner tubes
do
39.4
41.7
40 9
39.9
37.6
41.4
40 5
40 8
41 1
r
r
39.2
36.4
Leather and leather products
. do
38.4
36.5
35.4
37.1
36.7
35.9
35.4
35. 6
37 6
p 38 9
' 38 3
r
35.4
38.8
Footwear (except rubber)
_. do
37.9
33.9
34.6
'33.9
35.4
35.6
36.3
33.9
36.6
37.8
' Revised.
* Preliminary.
|See note marked "$" on p. S-ll.
fRevised series. Indexes have been shifted to new base period; monthly data beginning 1939 will be shown later, January 1951 data are as follows (1947-49=100): Employment, unadjusted, 105.2; employment, adjusted, 105.8; payrolls, unadjusted, 126.8.
§ Total includes State engineering, supervisory, and administrative employees not shown separately.
SURVEY OF CURRENT BUSINESS
April 1052
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-13
19 52
1951
February
March
April
May
June
July
August
September
October
November
December
January
43.4
36.8
36. 2
"•44.6
31.1
38.5
February
44.3
32.5
38.8
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITIONS—Continued
Average weekly hours per worker, etc.—Continued
Nonnianufactiiring industries:
Mining:
Metal
hours..
Anthracite
do....
7} iturn inous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
hours,.
Nonmetallic mining and quarrying
do
Con tract construction
do
Nonbuilding construction
do
Building construction
do
Transportation and public utilities:
Local railways and buslines
do
T olephone
do
Telegraph f
do
Oas and electric utilities
do
Trade:
Wholesale trade
do
Retail trade (except eating and drinking
places) *
hours _ _.
General-merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers,..do
Service:
Hotels, year-round
do
Laundries
do
Cleaning and dyeing plants
do
Industrial disputes (strikes and lock-outs):
Beginning in month:
Work stoppages
number,.
Workers involved
thousands.
In effect during month:
Work stoppages
numberWorkers involved
thousands.
Man-days idle during month
do.,_
Percent of available working time
43.7
30.2
34.1
43.3
23.1
33.6
44.0
21.6
33.9
44.2
30.1
33.3
41.8
31.0
34.8
42.0
35.3
32.7
44.5
26.3
34.9
44.1
27.2
36.5
44.4
35.1
36.3
40.5
42.0
35.7
37.7
35.3
40.6
43.6
36.3
38.5
35.8
41.2
45.0
37.4
40.3
36.8
40.4
45.7
38.3
41.8
37.5
40.4
45.7
38.4
41.3
37.7
42.1
45.8
39.0
42.9
38. 1
40.2
46.3
39.1
42.7
38.2
41.8
46.1
38.9
41.9
38.2
40.5
47.0
39.3
42.6
38.5
MOM
' 44. 5
'36.8
38.7
'36.4
41.6
••43.9
38.1
39.1
'37.9
41.3
43.7
37.9
39.8
37.5
46.0
39.2
44.7
42.0
45.7
38.9
44.6
41.5
45.9
38.7
44.6
41.5
46.5
39.0
45.4
41.5
46.8
39.4
45.1
41.7
46.5
39.8
44.8
42.0
46.2
39.2
44.6
41.9
46.1
39.4
44.4
42.2
46.2
39.1
44.3
42.1
M6.3
39.2
44.2
' 42. 0
r 47. 5
38.8
44.3
42.3
46.2
38.7
i 43. 9
42.1
40.6
40.6
40.6
40.6
40.7
40.7
40.7
40.9
40.8
MO. 8
'41.0
40.1
36. 3
39.5
45.5
39.7
35 8
39.3
45.4
39.9
35. 9
39.6
45. 5
39.8
35. 5
39. 7
45.2
40.4
36. 5
40.5
45.6
40.8
37.1
41. 1
45. 3
40.8
36. 9
41.0
45.3
40.0
35.9
40.0
45.2
39.8
35. 6
39.6
45.4
' 39. 4
' 35. 1
'39.7
45.3
'40.1
' 36. 9
'40.0
45. 6
39.9
36.0
39.5
45.2
43.2
40.5
40.1
43.3
40.9
42.0
43.3
41. 1
42.4
43.4
41.4
43. 1
43.4
41.5
42.6
43.4
41.3
41.6
43.3
40. 9
40.3
42.9
41.3
41.6
42.9
41.1
41.5
43.1
41.0
'40.7
43.3
41.5
Ml. 2
43.2
41.6
41.1
'347
' 186
353
131
432
164
189
440
276
490
210
430
200
470
240
300
70
200
55
MOO
' 190
p350
P 185
580
250
1,820
.23
560
260
1.790
.23
600
320
1.880
.24
625
350
2. 600
.31
600
340
2,420
.34
640
360
2, 750
.32
550
190
1,600
.21
500
100
900
.12
P600
" 1, 250
* 1, 250
p. 14
p 250
1,270
P . 15
r
r
548
'322
1, 940
'.26
550
280
1. 730
.22
550
235
1.910
.25
r
r. S. Employment Service placement activities:
Nonagricultural placements
thousands, _
Unemployment compensation:
I n i t i a l claims
do
Con tinned claims
do
Benefit payments:
Beneficiaries, weekly average
do
Amount of payments
thous. of dol_.
585
586
628
621
610
498
426
770
3,845
719
3,627
983
3,534
1,118
3, 704
1.086
4,042
950
4,071
724
3,329
902
3,692
948
3,817
1,151
4,114
1,382
6, 157
890
5,169
883
71, 369
807
71, 584
740
62, 294
821
68, 780
748
65,925
801
75,131
758
62, 049
713
67, 449
749
68, 607
797
70, 624
' 1,185
' 116, 469
1, 146
105, 023
Veterans' unemployment allowances:
I n i t i a l claims
thousands,.
Cont inued claims
do
Amount of payments
thous. of dol..
3
19
391
2
15
315
197
1
6
146
Labor turn-over in manufacturing establishments:
Accession rate.-.monthly rate per 100 employees..
Separation rate, total
do
Discharges
do
Lay-offs
do
Quits
do,.,.
Military and miscellaneous
do
4.5
3.8
,3
.8
2.1
.6
4.6
4.1
.3
.8
2.5
.5
4.5
4.6
.4
1.0
2.7
.5
4.5
4.8
.4
1.2
2.8
.4
4.9
4.3
.4
1.0
2.5
.4
4.2
4.4
.3
1.3
2.4
.4
4.5
5.3
.4
1.4
3.1
.4
4.3
5.1
.3
1.3
3.1
.4
4.4
4.7
.4
1.4
2.5
.4
63.84
68.18
70.92
64.57
69.30
72.71
64.70
69. 68
70.97
64. 55
69. 60
72.45
65.08
70.27
71.02
64.24
68.79
73.10
64.32
69. 55
73.71
65.49
71.01
76.47
65. 41
71.10
75.50
»• 65. 85
'71.05
' 75. 68
56.13
55. 30
58.15
63.15
65.04
73.12
55. 58
55. 06
58.67
64. 53
66.17
75.11
58.95
58.49
56.96
65.09
66.91
75.70
59. 72
59. 22
56. 28
65. 11
65.81
75. 02
61.51
60.92
56.03
65. 25
65. 97
76.03
57.43
57.46
55.74
65.04
67.14
74. 76
60.49
60.29
57. 53
64. 74
63.19
73.70
61.51
61.06
58.40
65.74
65.40
75.79
62.32
61.49
58. 79
65. 93
65. 67
74.82
74.16
77.35
77.92
76. 90
78.70
77. 64
75.25
78.72
75.79
70. 18
70.73
69. 18
69.43
438
610
1
5
105
1
3
65
M.4
4.0
.3
1.4
1.9
.4
*»3. 9
P3.9
p .3
p 1.3
p 1.9
P.4
' 67. 40
' 72. 71
r 67. 08
* 72. 28
r 76. 95
* 66. 83
P 72. 02
P 78. 10
' 60. 86
' 60. 56
r
58. 81
65. 03
* 65.50
^ 75. 23
' 59. 63
r 58. 59
r
GO. 44
65. 47
'67.18
T
77. 77
r 56. 44
55.39
- 60. 17
r
64. 79
66. 39
' 76. 84
T 00. 03
p 65.10
' 77.49
' 79. 40
78. 36
3.9
4.3
.3
1.7
1.9
.4
3.0
3.5
.3
1.5
1.4
.3
WAGES
Average weekly earnings (U. S. Department of
Labor):
All manufacturing industries
dollars..
Durable-goods industries
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
dollars,.
Sawmills and planing mills
do
Furniture and
fixtures
do
Stone, clay, and glass products
do.
Glass and glass products
do
Primary metal industries
do
Blast furnaces, steel works, and rolling mills J
dollars.
Primary smelting and refining of nonferrous
metals
dollars..
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
dollars. .
Heating apparatus (except electrical) arid
plumbers' supplies
dollars,.
Machinery (except electrical)
do
Electrical machinery
do
69.18
68.18
69.60
75. 08
64.80
'9. 55 !
70. 89
76.43
65.34
69. 51 \
69. 50
76. 65
67. 15
68. 64
68. 68
67. 40
75. 42
66. 13
70.39
69. 89
77. 24
68.06
70. 65
77. 86
* 72. 25
69. 53
77.03 I
69.10 I
••71.53
T
79. 90
' 70.18
71.61
70.61
•• 79. 90
' 70.60
P80. 15
P 70. 56
r
75.73
74.05
75.14
74. 33
Transportation equipment
do
74.81
74.97
76.36
77.43
77.14
77.05
79. 33
79. 62
7. 64
76.13
74.29
74.52
74.88
73.30
74.90
A utomobiles
do
76.31
77.53
77.34
76.44
' 79. 63
80.87
77. 35
75.86
Aircraft and parts
do
77.31
77.48
77.13
77.22
77.48
79.28
78.07
79. 85
80. 89
79. 76
70.42
68.78
68.80
Ship and boat building and repairs._ do
68.31
71.59
68. 46
71.96
71.52
73. 57
72.37
' 73. 54
74.17
r
75.13 I
Railroad equipment
do
75.64
75.82
77.36
71.16
76. 55
77.05
76.96
77. 06
76. 49
76. 99
77. 34
67. 64
Instruments and related products . . _ , do
and
products.,
dc
67. 06
.55
!
67.06
67.64
68.55
68.78
69.44
68.18
68.51
69.93
7026
68. 51
69.93
70. 26
'0. 98
'71.61
'71.19
P 71.49
Miscellaneous mfg. industries
mfg.
II
56.46
do
58.41
58.18
58.03
57.39
57.85
56.461
58.18
56.82
57.61
58.71
' 60. 65 ' 60. 02 P 59. 67
r
Revised.
p Preliminary.
JSee note marked "t" on ! S-ll.
p.
*Ne\v scries. Data beginning 1947 will be shown later.
See note "t" for this page; comparable figure for December 1951, 43.8.
t Revised series. Beginning 1952, d a t a cover all domestic (land-line) employees except messengers and those compensated entirely on a commission basis; earlier data exclude general and
divisional headquarters personnel and trainees in school.
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
April 1052
1951
February
April
March
June
May
July
1952
August
September
October
Xovem- 1 December
ber
January
ary
EMPLOYMENT AND POPULATION—Continued
Knitting mills
do _..
Apparel and other finished textile products
dollars. _
Men's and bovs' suits and coats
.do
Men's and boys' furnishings and work
clothing
dollars
Women's outerwear
do
Paper and allied products
do
Pulp, paper, and paperboard mills _ _ _ d o
Printing, publishing, and allied industries
dollars—
Newspapers
do
Commercial printing
do
Chemicals and allied products
do
Industrial organic chemicals
_ do _
Products of petroleum and coal
do
Petroleum refining J
_ do _
Rubber products
do
Tires and inner tubes
do
Leather and leather products
do_
Footwear (except rubber) _
do
Non manufacturing industries:
Mining:
Metal
do
\nthracite
do
Bituminous coal
do
Crude-petroleum and natural -gas production:
Petroleum and natural-gas production
dollars- _
Nonmetallic mining and quarrying _ do_
Contract construction
do
Nonbuilding construction
_
do
Building construction
_
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone _
_ _
_ __
do .. ..
Telegraph f
do
Gas and electric utilities
do
Trade:
Wholesale trade
do
Retail trade (except eating and drinking
places)* __ _
..
dollars. .
General-merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers.._do
Finance:
Banks and trust companies
do
Service:
Hotels year-round
do
Laundries
do
Cleaning and dyeing plants
do
I
i
1
WAGES— Continued
Average weekly earnings, etc.— Continued
All manufacturing industries— Continued
Nondurable-goods industries
dollars.-.
Food and kindred products
do
Meat products
do
Dairv products
do
Canning and preserving
_ _ do _
Bakery products
do_ _
Beverages
do _
Tobacco manufactures
do
Textile-mill products
do _
55. 49
71.13
43. 17
53. 94
54 22
49.24
58. 40
59.12
61.99
59. 98
48. 64
55. 32
72. 35
42.03
53. 34
53 72
48. 54
58.16
59. 66
62.91
59. 67
50. 39
56.37
71.97
42. 58
52.87
53 95
46.76
57.93
60. 40
63.90
60. ,52
48.88
57.24
73. 75
42.49
51.37
52. 67
45.04
58. 47
61.80
67.88
61.11
49.25
57. 93
75. 21
44.49
51.07
52. 10
45. 18
58.48
61.65
68. 26
62. 02
49. 20
58. 15
75. 64
44. 03
49. 58
50. 25
44.57
57.91
61.15
67. 48
60. 70
53. 00
58.07
75. 13
44. 08
48.08
48.30
44. 44
48.38
47.27
56. 32
57. 13
44.97
54.90
43.56
53.29
44.05
52.85
45.10
52.82
46.11
51. 56
58.32
59. 04
60. 25
59. 45
48. 84
' 45. 12
' 47. 59
* 46. 37
* 50. 31
' 46. 71
50. 50
p 47. 49
T
38. 13
' 50. 41
65. 64
'71.31
r
r
' 66. 73
7
72. 39
38 27
53 89
66 74
71.98
P 55 53
' 77. 09
85. 51
' 76. 57
' 68. 72
f 71. 63
' 81. 28
f 84. 89
r
69. 46
T
80 27
M5.85
r
41 . 93
T
r 50 01
76.27
84.59
69. 52
82.07
46.19
43.29
70.89
68. 94
77.67
72.32
79. 50
73. 71
75.74
58.52
77.23
76.43
60. 36
81.61
76.10
78.24
80 62
r
r 81 09
' 79. 61
69.98
'86 47
79 43
73 42
86 99
78.30
67.22
78.74
67.82
83.32
68.84
81.62
81.26
81.83
82. 41
81.48
82.71
83. 73
84.81
83. 63
78.15
69. 59
84.46
85.27
84.31
83. 68
70. 63
85. 19
84.72
85.42
78.93
71.72
86. 26
86. 61
86. 20
' 79. 02
r
68. 35
"•81.66
r
79. 30
r
82. 26
' 83. 28
r
67. 30
r
84. 58
r
79. 80
T
85. 65
83.80
66 47
84 82
81 23
85 50
70.92
56. 1 2
64. 40
70. 38
72.17
56. 59
65. 97
70.72
72.77
58.12
65. 44
71 . 06
73. 19
59. 30
71.23
71.82
72.72
73.11
59. 97
72 33
72^88
73.23
58. 84
70.47
71.73
59. 94
72. 34
72.92
73.11
' 60. 84
72.13
T 73. 29
' 75. 24
' 59. 36
72. 16
r
73. 77
73.87
59. 52
i 70. 77
73. 25
63.62
63. 95
63.78
64. 35
64. 55
64.51
65.64
65. 44
' 65. 52
r
66. 30
66.22
48. 95
36. 44
52. 62
65. 29
49.84
49.83
50. 74
37. 70
54. 72
67. 03
51.49
38. 51
55. 44
66. 91
51.37
38. 01
55. 23
67. 18
50.80
50.43
r
37.19
54. 24
67. 94
* 49. 92
36. 56
53. 90
67. 24
"36.12
* 54. 35
67. 13
r
r
r
49. 92
37. 23
54. 32
67. 21
51 . 39
38 23
54. 67
66. 94
52.14
74.23
79.96
75. 74
82. 13
75.52
67.54
71. 15
78.93
81.89
65.88
71.40
48.73
46.43
75.78
82.98
83.49
74. 76
67.84
71.82
81.33
84.87
65.96
70. 15
46.65
43. 65
74. 60
68.14
72.07
81.31
84.77
68. 56
75.92
45. 38
41.70
72. 83
50.68
74 66
74.62
47. 20
75 63
66.67
73.86
75. 47
72.20
76. 14
76. 69
63. 74
76. 99
74. 19
77.44
80. 30
65. 88
79. 36
78. 26
79. 75
70. 66
57. 58
64. 86
71.36
70.42
56. 52
64. 63
70.14
63. 62
49.56
37. 43
52. 69
65.16
47.81
60.09
r
47. 80
'• 59. 26
r
74. 54
T
46. 26
'50. 46
77.69
85. 13
76. 99
68. 43
72. 54
83.21
86.60
70.18
81 . 64
45.92
42. 73
65. 92
70.96
77. 15
51. 98
' 47. 56
v 60. 04
' 63. 32 ! ' 63. 56
69 84
62 76
50 89
58 61
72 46
r 45 5] ! p 45 23
P 5] 74
52 °2
47 91
'60.04
75.54
82.29
74.77
37.28
47.30
66. 38
71. 37
60.77
43.70
[
' 60. 49
'64. 13
' 73. 84
61.65
r
51,08
T
59. 16
r
72. 82
T
46. 73
r
52. 66
r 52 58
47. 83
75.50
82. 36
74.86
69. 01
73.06
84.06
87.94
70. 81
83. 67
47.12
44. 39
38.96
48.37
66. 65
75 67
45.89
' 59. 07
' 63. 34
r 73. 51
37.67
40.17
52.49
66.16
70.80
73.46
62. 10
54. 33
58. 09
75. 11
44. 75
48.74
48 75
44.84
58. 00
61.91 I
67. 65
60.60 i
56.87 i
58. 38
72. 54
45.30
49.29
48 77
46.06
36.99
53.45
64.84
70.38
39. 68
50. 08
65. 36
70.49
73. 24
67.17
70. 26
78.44
81.28
63. 37
66. 95
49.43
46.99
58. 67
62.06
68.46
36. 98
53.18
66. 34
75. 66
74. 96
36. 71
53. 44
66. 22
36.15
52. 35
36.82
47. 52
65. 56
70.84
75.82
83. 16
74.86
68.72
72.48
81.20
84.76
71.27
82.44
46. 90
43. 79
65.44
71.73
r
68.18
71. 67
80.55
83.70
51. 50
65. 57
71. 29
37.14
47.33
65. 32
71.15
75. 13
68. 18
71. 17
81.72
84.68
68.67
78 76
45. 31
41.83
r
r
74. 43
81 84
38. 16
79. 83
89. 16
79. 20
69. 05
T
72. 27
82.41
'86.31
T
73. 49
r
85 44
' 48. 39
r
45. 27
r
r
r
r
r
' 77. 68 p 77. 71
83 41
78 66
' 68 85 P 67 90
71 68
r
8 2 17
p 81 60
85 92
P 74 03
87 87
r
p 50 45
49 45
47.02
49.55
49.70
50. 08
50.11
50. 06
50. 50
50. 28
50. 36
50.78
' 51. 13
r 52. 14
35.04
36.25
34.68
35.02
37.96
35. 46
37.83
44.26
35.29
37.38
35. 91
37.73
44. 36
' 36. 20
r
37. 93
r
43. 71
36. 63
42. 56
35. 78
37.87
44.72
" 36. 81
45. 90
35. 24
38.06
45. 45
38.39
' 44. 41
38.60
44.39
41.78
36. 85
44.14
34.90
37.32
44.90
1. 561
1. 639
1.661
1.571
1. 654
1.687
1.578
1.659
1.662
1.586
1.665
1.677
1.599
1.681
1.675
1. 598
1.682
1. 696
1.596
1.684
1.679
1.613
1.707
1.730
1.615
1.705
1.716
' 1. 626
'1.712
' 1.724
r
1. 636
' 1. 723
'1.720
' 1. 640
1. 725
' 1. 737
1.386
1.386
1 378
1.529
1.614
1.779
1.369
1.373
1 387
1. 540
1.614
1.797
1.424
1.423
1.386
1.546
1.620
1.798
1.439
1.434
1.393
1.554
1.629
1.799
1.468
1.468
1.387
1.561
1.633
1.819
1.443
1.451
1.404
1.571
1.662
1.819
1.479
1.485
1.410
1. 560
1.612
1.802
1.515
1.519
1.421
1.584
1. 664
1. 835
1.509
1.507
1.420
1. 581
1. 650
1.816
' 1. 499
' 1.499
r
1.431
1. 590
' 1. 671
' 1. 826
* 1. 465
'1.411
1.854
1.873
1.873
1.871
1.901
1.903
1.872
1.920
1.876
' 1.890
' 1. 895
1.902
1.675
1.674
1.675
1.679
1.688
1. 709
1.702
1.699
1.694
r 1. 702
'1.751
1.805
1. 635
1.652
1.655
1.655
1.661
1.658
1. 663
1.682
1.688
1.689
1.700
1.677
1.726
1.569
1.692
1.745
1.582
1.692
1.749
1.588
1.691
1.750
1.604
1.687
1.762
1.618
1.702
1.754
1. 637
1.685
1.766
1.626
1.713
1.788
1.640
1.719
1.794
1.645
' 1. 721
1.797
r
1. 653
' 1. 732
'1.816
' 1. 659
1.815
1.862
1.752
1.703
1.744
1.589
1.404
1.838
1.889
1.762
1.711
1.828
1. 599
1.402
1.829
1.877
1.753
1.712
1.864
1.613
1.405
1.833
1.882
1.759
1.720
1.858
1.626
1.410
1.860
1.925
1. 765
1.756
1.877
1.630
1.418
1. 863
1.934
1.773
1.772
1.863
1.631
1.415
1.867
1.932
1.777
1.790
1.893
1.635
1.417
1.884
1.948
1.806
1. 788
1.891
1. 657
1.426
1.885
1.948
1. 803
1.830
' 1. 884
1.661
1.433
1.458
1.460
Nondurable-goods industries
do
1.442
1.440
Food and kindred products
do
1.525
1.510
Meat products
do
1.348
1.351
Dairy products
do
1.292
1.297
Canning and preserving
do
1.337
Bakery products
do
1.333
1.769
1.765
Beverages
do
' Revised.
» Preliminary.
} See note marked " t" on p. S-ll.
•New series. Data beginning 1947 will be shown later.
fRevised series. See note " t" on p. S-13.
1.465
1.448
1.527
1.347
1.302
1.355
1.777
1.474
1.452
1.536
1.342
1.283
1.366
1.790
1.484
1.475
1.624
1.346
1. 276
1.376
1.795
1.488
1.461
1.633
1. 366
1.206
1.378
1.801
1.481
1.456
1.634
1.352
1.271
1. 386
1.793
1.489
1.450
1.634
1.380
1.249
1.394
1.797
1.491
1.474
1.630
1.368
1.338
1.400
1.778
Average hourly earnings (U. S. Department of
Labor) :
All manufacturing industries
dollars. _
Durable-goods industries
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
._ ,~ -_ dollars- Sawmills and planing mills 0 do
Furniture and
fixture
do
Stone, clay, arid glass products
do
Glass and glass products
do
Primary metal industries
_ _ _ . do _ .
Blast furnaces, steel works, and rolling millst
dollars
Primary smelting and refining of nonferrous
metals
dollars
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
dollars ._
Heating apparatus (except electrical) and
plumbers' supplies
dollars^
Machinery (except electrical). ..
do
Electrical machinery
do
Transportation equipment
Automobiles
Aircraft and parts
Ship and boat building and repairs
Railroad equipment
Instruments and related products
Miscellaneous infg. industries ._ .
do
do
do
do
do
do
do
r
1
See note "t" on p. S-13; comparable figure for December 1951, $70.47.
r 1. 461
' 1. 439
1.589
'1.667
'1.843
p 1.638
f 1 . 723
r- 1 . 755
f 1.432
1.413
' 1 443 •P i 443
' 1. 588 P 1. 584
1.664
' 1. 847
* 1 . 831
' 1. 703
p 1. 705
1.735
' 1. 820 ~"v 1.830
' 1. 669 p 1 . 608
' 1. 907
' 1.893
' 1. 955 ' 1. 976
1.830
1.819
1.834
' 1. 851
' 1.884
r 1. 901
' 1. 670 ' 1. 681
' 1. 465
1.446
1.914
1.987
1.842
1.836
1.868
' 1. 687
' 1. 464
p 1.903
' 1. 507
' 1. 508
«• 1. 520
1.522
1.651
1.420
1.315
1.426
1.798
p 1. 520
p 1. 528
r 1. 667
1.372
r
1. 292
' 1. 428
' 1. 836
' 1. 516
'1.516
' 1. 663
1.398
' 1. 320
' 1. 429
r 1. 798
p 1 . 694
p 1.459
SUKVEY OF CURRENT BUSINESS
April 1!>.T2
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-15
1951
February
March
April
May
June
July
1952
August
September
OM-nhPr
October
November
December
January
™£"
EMPLOYMENT AND POPULATION— Continued
WAGES — Continued
Average hourly earnings, etc.— Continued
All manufacturing industries— Continued
Nondurable-goods industries— Continued
Tobacco manufactures
dollars
Textile-mill products
_
do _ „ _
Pro'id-woven fabric mills
do
Knitting mills
do
Apparel arid other finished textile products
dollars. .
Men's and boys' suits and coats
do
Men's and boys' furnishings and work
clothing
dollars _
Women's outerwear
..do. _
Paper and allied products
do
Pulp, paper, and paperboard mills. do
Printing, publishing, and allied industries
dollars..
Newspapers __ ,
_._do
Commercial printing
do
Chemicals and allied products _
do _
Industrial organic chemicals
do
Products of petroleum and coal
do
Petroleum refining}:
do
Kubber products
_
do
Tires and inner tubes..
__ do
Leather and leather products
do
Footwear (except rubber)
,
do
Nonmanufaeturing industries:
Mining:
Metal
do _ _ _
Anthracite
do
Bituminous coal _ _ _ _ .
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
dollars __
Nonmetallic mining and quarrying
do
Contract construction
do .
Nonbuilding construction
do
Building construction
_ __ .
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
do
Telegraph f _. do
Gas and electric utilities
__do__ _
Trade:
Wholesale trade ... _
..
do _.
Retail trade (except eating and drinking
places)*
_ ...
._ _ — dollars
General-merchandise stores _ _ _ _ _ do _
Food and liquor stores .
do
Automotive and accessories dealers__.do
Service:
Hotels, year-round
do
Laundries
do
Cleaning and dyeing plants
do
Miscellaneous wage data:
Construction wage rates (E. N. R.):§
Common labor
dol. per hr._
Skilled labor
do
Farm wage rates, without board or room (quarterly) . _ _ _ _
__ _
_ dol. per hr__
Railway wages (average, class T) _ _
do
Road-building wages, common labor
.do
1. 139
1.322
1 316
1.269
1.142
1.317
1 304
1.274
1. 157
1.325
1 319
1.274
1. 161
1.324
1 390
1.276
1.174
1.323
1 319
1.269
1.171
1.315
1 312
L259
1.145
1.310
1 302
1.259
1 133
1 321
1 314
l'263
1.141
1.325
1 318
1 269
T
1.290
1.482
1.264
1.480
1.232
1.464
1. 234
1.468
1.248
1.468
1.274
1 459
1.288
1.473
1.289
1 481
1. 263
1 471
1.061
1.528
1. 506
1.584
1.060
1.462
1.514
1.584
1.053
1.378
1.519
1.593
1.050
1.379
1.519
1. 591
1.052
1.406
1. 521
1.599
1 051
1.500
1 529
1.612
1.048
1.510
3 522
1.596
1 061
1 497
1 532
1.613
1 061
1 443
1 537
1.617
1.947
1.948
2. 255
1.869
1. 623
1. 739
1. 955
2. 275
1.879
1 . 634
1 745
1.954
2. 266
1 881
1.648
1 755
1.956
1 881
1 659
1 769
1.952
2.267
1 874
1 643
1 748
1. 982
2 307
1 901
1 641
1 778
1. 976
2 305
1 902
1 631
1 766
1.974
1.649
1.896
1.278
1.233
1.988
2. 093
1 660
1.927
1.282
1 230
1 995
2. 098
1 701
1 977
1.278
1 230
2 Oil
2 114
1 727
2 021
1.270
1 223
1 984
2 082
1 70S
1 992
1.269
1 223
2 010
2 107
1 716
1 996
1.279
1 235
1 998
2 096
1 704
1 974
1.280
1 234
1 Q97
2 091
1 715
r
1 982
' 1.288
T \ 237
r 2 240
1. 933
2.221
1.859
1.607
1.722
2.244
1.874
1.612
1.727
2.269
r
T
1 ~5
*•!. 180
1 . 340
r i 33$
1 979
* 1. 271
T
1 478
* 1. 281
T
1 . 484
r
r
r
1.177
1,335
r I
r
330
9
1 071
1. 457
1 548
'1.628
r
r
1.069
' 1 . 468
1 559
r
1.634
r
r
2. 021
r
I 9-16
1.652
1 780
T
1.992
2. 330
1 919
r
] 644
r i 773
r
r
1. 932
2.022
1.629
1.886
1. 261
1.211
1.944
2. 037
1 . 647
1.899
1.269
1.225
1. 681
2.207
2.219
1.682
2.194
2.222
1.696
2 185
2. 231
1.696
2 215
2 218
1 696
2 224
2 232
1 722
2 252
2 254
1 702
2 225
2 213
1 733
2 219
2 936
1 714
2 229
2 221
1. 905
1.447
1.889
1.462
2.121
1.927
2.163
1.949
1.464
2.122
1.942
2.167
1.938
1 471
2 131
1 944
2 182
1.949
1 484
2 146
1 973
2 194
1.979
1 503
2 147
1 997
2 195
1.944
1 503
2 160
1 997
2 207
2.002
1 532
2 190
2 022
2 °36
1.949
1 526
2 195
2 033
2 239
r
2.114
1.915
2.157
1.536
1. 469
1.451
1.699
1 541
1.453
1.449
1.690
1 545
1 450
1.444
1.696
1 552
1 451
1 453
1 704
1 555
1 475
1.451
1 704
1
1
1
1
574
490
590
710
1 574
1 501
1 580
1 712
1 586
1 522
1 629
1 727
1 585
1 533
1 635
1 732
r
1. 567
1.567
1.575
1 571
1 581
1 586
1 585
1 605
1.236
1.031
1.334
1. 432
1. 233
1.018
1. 339
1. 438
1.249
1.030
1.343
1.458
1 252
1 034
1 346
1 . 465
1 256
1 033
1 351
1 . 470
1 262
1 038
1 349
1 477
9
1 59
1 030
1 347
1 483
.811
.895
1.042
801
.901
1. 051
806
908
1.059
807
917
1 065
812
917
1 067
Sl7
916
1 064
1.593
2.615
1. 595
2.619
1. 595
2 619
1. 608
2 629
1. 615
2 648
1.629
9 688
1. 659
1.681
. 78
1.716
1.23
1.725
1. 751
2.075
r
r
r
r
2 005
2. 100
r
r
T
r 1 7^8
r \ 715
r 2 924
T
T
r
r
1.956
i
2
2
2
535
219
049
260
r
2 094
1.287
1 237
r
r
1.179
1. 348
1 T!9
1 . 288
1.294
1. 512
1.066
1.497
1 563
1. 636
J> 1 181
f 1. 344
p L 294
P 1 564
' 2. 002
2.317
1 947
r
1. 655
1 783
v 2. 008
r
p 1 656
2 019
2.111
p ° 005
r I 819
P l 819
2 138
1. 291
1 244
p 1. 297
r
1 785
2 250
r 2 246
1 793
2 2~ ( )
2 242
r 2. 002
2.029
r i
2
r 2
T 2
T
533
220
041
260
1 521
2 238
2 O-ll
2 280
\ 579
r i 552
1 639
T i 745
r i 584
r i 530
1 6° 9
r i 744
1 604
T i 606
r 1 617
1 623
1 270
1 036
i 35«
1 503
1 267
1 027
1 361
1 481
T i 9^7
r 1 245
r 1 009
1 288
1 062
1 384
1. 481
815
914
1 056
004
917
1 075
837
918
1 069
1.637
2 701
1.637
2 701
82
1 768
1 24
1 746
1 794
380
336
384
368
r \ ()29
r i 369
r
1 482
T $40
r 925
r
1 358
1 474
1 599
1 538
i i 612
1 740
r I 074
' 995
1 078
848
998
1 080
1. 645
2 7iQ
1. 646
2 yog
1. 651
2 751
1.654
2 758
73
1 748
1 33
1.33
1 779
1 801
398
410
437
r 850
1 . 659
9 75g
86
1 29
FINANCE
BANKING
Acceptances and commercial paper outstanding:
Bankers' acceptances
mil. of dol__
Commercial paper
_.
_ _
do
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
do
Short-term credit... _
_ _do_ __
Bank debits, total (141 centers)
New York City
Outside New York City
do
do
do
470
369
479
381
456
387
417
364
1,986
998
425
331
2,097
361
592
958
40
339
650
323
700
310
739
1 012
974
37
315
771
101, 437
39 067
62, 370
129, 111
53 171
75 941
114, 898
45 477
69 421
116, 572
45 375
71 197
120, 699
48 588
72 110
375
377
2 129
1 020
985
35
333
791
347
786
QfiO
110.756
111,190
107, 504
43 224
67 532
41 363
69 827
749
fifi
QKQ
399
697
123, 770
47 971
75 799 '
i
Federal Reserve banks, condition, end of month:
Assets, total _
_
_
mil. of dol
47, 368
47, 978
46, 883
47, 174
47, 634
47, 547
47, 755
48, 740
49, 116
Reserve bank credit outstanding, total do
23, 188
24, 150
23, 560
23, 481
24, 043
24, 033
24, 309
24, 427
25, 058
Discounts and advances
do
398
275
283
529
53
277
552
186
190
United States Government securities ___do
21, 881
22, 910
22, 742
22, 509
22, 982
23, 078
23, 127
23, 552
23, 734
90 504
Gold certificate reserves.
do
20 859
20 567
90 77^
91 004.
20 567
20 508
20 514
20 611
Liabilities, total .. _„
do
47, 368
47 978
46 883
47' 174
47 634
47 547
47 755
49 116
48 740
Deposits, total
do
20, 704
21, 450
20, 748
20, 381
20, 598
20, 606
20,678
21, 453
20, 868
Member-bank reserve balances
do
19, 066
19, 014
18, 901
18, 536
19, 020
18, 863
19, 181
19, 391
19, 557
Excess reserves (estimated)
_ do
700
4fi7
647
452
330
416
717
497
569
Federal Reserve notes in circulation
do
23, 110
23. 041
23, 143
23, 332
23,630 ;
23,726
24. 020
24, 148
24, 261
Reserve ratio
percent..
47.6
46.2
46.9
46.9
46.4 i
46.3
46.1
46.5
45.6
' Revised.
» Preliminary.
JSee note marked "J" on p. S-ll.
§ Rates as of Mar. 1, 1952: Common labor, $1.664; skilled labor, $2 770.
*New series. Data beginning 1947 will be shown later.
*See note " f" on p. S-13; comparable figure for December 1951 $1 609
fRevised series. See note " |" on p. S-13.
4Q^
420
660
117,231
AA
OAO
79 428
49, 046
24, 734
624
23, 239
91 1 (\(\
49 046
20, 945
19, 670
490
24, 680
46.4
490
4"-(l
2 HO
1 029
998
32
429
651
492
480
493
517
---•><¥>
678
718
129. 549
53 500
76* 049
123,059
114.051
74 953
68 676
49, 900
25, 009
19
23, 801
21 468
49 900
21, 192
20. 056
389
25, 064
46.4
48, 941
23, 783
328
22, 729
91 731
48 941
21, 004
20, 077
49, °23
23, 004
598
22, 528
r 634
24. 405
47.9
91 QQ9
49 323
21, 336
19, 982
728
24, 423
48.1.
SUKVEY OF CUREENT BUSINESS
S-16
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
April 1952
1951
Febru-
ary
March
April
May
June
July
1952
August
Septem-
ber
October
Novem-
ber
Decem-
ber
January
Febru-
ary
FINANCE—Continued
BA NK ING— Continued
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
mil. of dol-_
States and political subdivisions
do
United States Government
__ _.do „
Time, except interbank, total
do
Individuals, partnerships, and corporations
mil. of doLStates and political subdivisions
_. _ do ___
Interbank (demand and time)
do
Investments total
- do
TT. S. Government obligations, direct and
guaranteed total
mil. of dol
Bills
do
Certificates
do
Bonds and 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 of banks
do
Other loans
- __do
Money and interest rates :d"
Bank rates on business loans:
In 19 cities
percent
7 other northern and eastern cities
do
11 southern and western cities
do
Discount rate (N Y F R Bank)
do
Federal intermediate credit bank loans
do
Federal land bank loans
do_ _ _
Open market rates, New York City:
Acceptances, prime, bankers', 90 days
do ___
Commercial paper, prime, 4-6 months
do
Call loans renewal (N. Y. S. E.)
do
Time loans, 90 days (N. Y. S. E.)
do..._
Yield on TJ. S. Govt. securities:
3-month bills
._ do. _.
3 5 year taxable issues
do
Savings deposits, balance to credit of depositors:
New York State savings banks
mil. of dol_.
U S postal savings
do
50, 649
49, 487
50, 163
50, 034
49, 916
50, 383
50, 976
50, 533
52, 124
53, 040
53, 370
54, 328
52 683
51, 813
3,640
2,588
15, 324
50, 104
3,489
4,622
15, 379
50, 257
3, 950
3.520
15,338
50, 591
3,857
3,005
15,362
50, 500
3,589
4,679
15, 539
50, 860
3,644
2,673
15, 551
51,174
3,362
2,609
15,635
51, 696
3,300
3,747
15, 676
53, 517
3,465
2,543
15, 829
53, 964
3,466
2,241
15, 792
55, 554
3,582
2,225
16, 026
54, 798
3 694
1,644
16, 070
53, 646
3 599
2 545
16, 205
14, 495
703
10, 783
37, 312
14, 555
697
10, 384
37, 491
14, 477
732
10, 669
37, 447
14, 485
746
10,157
36, 941
14, 661
743
10, 422
37, 758
14, 673
740
11, 103
37, 613
14, 741
751
10, 807
37, 572
14, 795
734
11, 345
37, 926
14, 958
719
11,948
38, 565
14, 915
720
11, 737
38, 772
15, 152
712
13, 519
39, 056
15, 176
728
11, 834
39, 260
15, 275
761
11 481
38, 833
30, 791
1,577
30, 886
1,933
30, 836
1,971
30, 443
1, 769
20, 830
8,384
6,521
32, 189
18, 733
1,498
20, 744
8,209
6,605
32, 707
19, 202
1,512
20, 715
8,150
6,611
32, 661
19, 186
1,359
20, 527
8,147
6,498
32. 428
19.048
1,332
31, 176
2,745
1,585
19, 478
7,368
6,582
32, 877
19, 220
1,399
30, 997
2,648
2,224
19, 442
6,683
6,616
32, 487
19, 124
1,390
30, 930
2,593
2,239
19, 486
6,612
6,642
32, 916
19, 502
1,170
31, 212
2,934
2,493
19, 142
6,643
6,714
33, 482
20, 078
1,242
31,926
3,748
3,010
19,212
5,956
6,639
34, 083
20, 571
1,077
32, 082
3,949
2,994
19, 185
5,954
6,690
34, 488
20, 865
1,148
32, 224
4,129
3 596
18, 531
5,968
6 832
35, 161
21, 419
1 340
32, 419
4,319
3 698
18, 456
5,946
6,841
34, 757
21, 160
969
31,892
3, 855
3 798
18, 286
5, 953
6 941
34, 693
21,157
1,077
748
5,331
412
5,910
718
5,369
425
5,930
727
5,419
491
5,935
717
5, 476
382
5,928
716
5,530
523
5,947
700
5,545
324
5, 865
698
5,584
518
5,906
692
5, 605
414
5,915
684
5,653
627
5,950
680
5,670
657
5,949
687
5,658
56-1
6,028
667
5, 669
822
6,011
660
5,652
691
5,999
1.75
2.03
4.08
3.02
2.74
3.02
3.42
1.75
2.06
4.08
1.75
2.17
4.08
1.75
2.23
4.08
3.07
2.78
3.04
3.52
1.75
2.23
4.08
1.75
2.37
4.13
1.75
2.47
4.13
3.06
2.79
3.06
3.47
1.75
2.64
4.13
1.75
2.66
4.17
1.75
2.69
4.17
3 27
3 01
3 23
3 67
1 75
2.71
4. 17
1.75
2.73
4.17
1.75
2.73
4.17
1.50
1.96
2.00
2.13
1.63
2.06
2.00
2.13
1.63
2.13
2.00
2. 13
1.63
2.17
2.15
2.28
1.63
2.31
2.25
2.38
1.63
2.31
2.25
2.38
1.63
2.26
2.25
2.38
1.63
2.19
2.25
2.38
1.63
2.21
2.25
2.38
1.63
2.25
2.25
2. 38
1.69
2.31
2 38
2.47
1.75
2.38
2.45
2.56
1.75
2.38
2.38
2.56
1.391
1.67
1.422
1.86
1.520
i 2.03
1.578
2.04
1.499
2.00
1.593
1.94
1.644
1.89
1.646
1.93
1.608
2.00
1.608
2.01
1 731
2 09
1.688
2.08
1.574
2 07
12, 175
v 2 701
11,625
2,877
r
11,648
2, 853
11,662
2,831
11,710
2,808
11,821
2,788
11,840
2,772
11,867
2,754
11,915
2,738
11,941
2,724
12,018
»2, 710
Total consumer credit, end of month- _ .mil. of dol._
Instalment credit total
do
Sale credit, total
_ _ _do _ _
Automobile dealers
do
Department stores and mail-order houses
mil. of dol__
Furniture stores
- do
Household-appliance stores
do
All other retail stores (incl. jewelry)
do
19, 533
13, 073
7,521
3,990
19, 379
12, 976
7, 368
3,946
19, 126
12, 904
7,270
3,934
19, 207
12, 920
7,248
3,980
19, 256
12, 955
7,234
4,041
19, 132
19, 262
12, 903
13,045
7,173
7,247
4,061 , 4, 138
19, 362
13, 167
7,327
4,175
19, 585
13, 196
7,355
4,134
19, 989
13, 271
7,400
4,100
1,162
956
677
736
1,133
924
655
710
1,103
905
636
692
1,084
890
616
678
1,055
874
602
662
1,022
854
590
646
1,015
859
590
645
1,028
870
600
654
1,056
890
607
668
1,099
908
608
685
r 1, 186
Cash loans, total
do
Commercial banks
-- -do
Credit unions
_ __
_ _ do _
Industrial banks
- do
Industrial-loan companies
do
Insured repair and modernization loans
mil. of dol- Small-loan companies.
do_ _
Miscellaneous lenders
_
_ _ do.
5,552
2,441
515
286
202
5,608
2,476
517
286
204
5, 634
2,497
514
286
205
5,672
2, 506
518
288
207
5,721
2, 515
522
288
209
5,730
2,492
524
288
211
5,798
2,521
531
293
217
5,840
2,524
533
296
221
5,841
2,522
535
299
222
5,871
2,509
535
299
225
856
1,094
158
853
1,112
160
852
1,119
161
860
1,131
162
872
1,151
164
882
1,167
166
888
1,181
167
894
1,203
169
904
1,191
168
922
1,211
170
do
do__ _
do
4,010
1,369
1,081
3,938
1,381
1,084
3,744
1,392
1,086
3,793
1,398
1,096
3,804
1, 399
1,098
3,743
1,393
1,093
3,724
1,398
1,095
3,696
1,401
1,098
3,868
1,413
1,108
Consumer instalment loans made during the month,
by principal lending institutions:
Commercial banks
mil. of dol
Credit unions
_ do
Industrial banks
_
__ _ do
Industrial-loan companies
_ do___
Small-loan companies
do
296
64
35
27
158
368
79
43
33
207
340
72
41
31
184
359
82
44
33
198
356
86
44
35
204
339
76
44
35
206
389
90
49
40
210
351
78
42
35
183
4,820
4,257
49
f 3, 852
797
122
8,811
8,112
59
7, 818
838
96
3,289
2,626
54
2, 423
690
123
4,039
3,146
53
3,074
747
164
7,603
7,089
48
6,611
719
225
2,833
2,571
48
1,886
722
177
4,165
3,594
50
3,131
806
178
3,211
156
426
1,695
934
4,058
580
456
2,057
965
4,007
253
427
2,160
1,167
4,517
163
425
2,396
1, 533
5,969
1,557
384
2,495
1,533 i
4,739
232
435
2,930
1,142
5,087
222
422
3,040
1,403
12, 208
" 2, 698
12, 267
P 2, 685
CONSUMER CREDIT
Charge accounts
Sin de-payment loans
Service credit
_.
r
T
v 20, 120
v 13,315
* 7, 322
P 3, 962
v 19, 763
P 13, 207
P 7, 181
P 3, 927
v 1, 129
*>933
P 592
P706
p 1,089
P920
»567
"678
«• 5, 964
2,510
542
301
229
T 5, 993
» 6, 026
P 2, 541
P545
r
938
1,268
176
P952
* 1, 273
v 176
?957
P 1, 274
Pl76
4,190
1,422
1,106
4, 587
1,436
1, 111
P 4, 253
T 1, 445
P 1, 107
P 4, 003
p 1,450
P 1, 103
373
86
52
40
205
347
83
45
38
228
354
84
50
42
292
P393
^85
P 46
*38
p 184
P373
*91
i»4fi
P37
*181
6,524
6,209
42
5,691
707
83
2,708
2,635
52
1,653
885
117
3, 951
3,521
47
2,935
805
164
5,576
5,279
44
4,599
823
111
5 153
4, 953
44
3,944
826
339
6 194
5 553
43
5, 258
805
88
5,163
580
422
2,628
1, 533
5,483
497
411
3,166
1,409
5,178
173
478
3,015
1,512
5,627
1,057
397
3,070
1. 103
5,455
228
449
3,414
1. 363
5 lOo
142
396
3, 15n
1.412
20, 644
13 510
7 546
4 039
r
971
613
'737
v 2, 521
P541
"300
i>230
P301
P232
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
Receipts total
Receipts, net
Customs
Income and employment taxes
Miscellaneous internal revenue
All other receipts
mil. of dol
do
do_
do
do
do
Expenditures, total
-_ do
Interest on public debt
_ __ -__do_. _
Vef ern ns A drninistration
do
National defense and related activities.. .do
All other expenditures
do
'
T
Kovised.
9 Preliminary.
1 Beginning April 1, 1951, includes IM percent note of March 15,1955,1% percent note of December 15.1955, and 2y2 percent bond of March 15, 1956-58.
d"For bond yields see p. S-19.
SURVEY OF CUKRENT BUSINESS
April 1952
1951
Unless otherwise stated, statistics through
1951 Statistical Supplement to the Survey
S-17
February
March
April
May
June
1952
July
August
September
October
November
December
259, 604
257, 253
221, 391
35 862
2,351
259,419
January
February
FINANCE—Continued
FEDERAL GOVERNMENT FINANCE— Con.
Public debt and guaranteed obligations:
Gross debt (direct), end of month, total
mil. of dol. _
Interest-bearing, total
do
Public issues
do
Special issues
do
Nonintercst bearing
do_ _
Obligations guaranteed by U. S. Government,
end of month
'
mil. of dol
U. 8. savings bonds:
\ mount outstanding, end of month
do
Sales, series E, F, and G
do__
Redemptions
do
255, 941
253, 382
219, 448
33, 933
2,559
254, 997
252, 553
219, 028
33, 525
254, 727
252, 280
218, 690
33 590
2,444
2,447
34 049
2,364
18
21
21
29
58, 133
386
528
58, 020
57, 938
359
560
310
472
Government corporations and credit agencies:
Assets except intern gency total
mil of dol
Loans receivable, total (less reserves)
do
To aid agriculture
do
To aid home owners
do
To aid railroads
do
To aid other industries
do
To aid banks
do
To aid other financial institutions
do
Foreign loans
do
All other
do
Commodities supplies, and materials
do
IT S Government securities
do
Other securities
.
do
Land, structures, and equipment
do
All other assets
do
256, 644
254, 321
219 174
35 146
257, 353
254, 958
219 321
35 637
2,370
255, 657
253, 325
218, 618
34 707
2,332
2^323
2,395
258, 298
255, 940
220 325
35 615
2, 359
29
28
32
33
37
43
42
38
37
57, 842
57, 784
57, 662
57, 666
57, 710
57, 739
57 821
289
475
57, 691
57, 809
295
477
57, 733
310
481
312
436
272
390
334
410
315
364
296
401
440
492
338
410
255, 093
252, 729
218,680
25, 104
13, 496
3,931
1,721
255, 222
252, 852
218, 198
34 653
25, 188
13, 504
3,675
1,809
108
473
0)
760
257, 070
221, 168
35 902
2,348
25 668
13 906
3,896
1 981
775
482
249
233
2,294
260, 362
258,136
221, 776
36 360
2, 226
26 744
14 422
4, 161
2 142
104
494
(i)
755
105
498
0)
259,
257,
221,
36
101
488
f1)
814
6 133
6 110
720
1,764
2,162
3.467
2,951
1,264
824
6,151
627
1,719
2,185
3,474
2,999
1,308
779
1 515
2,236
3,472
3 025
1,514
1 461
2 226
3,463
3 358
1,813
2 573
6,116
564
Liabilities, except interagency, total
Bonds, notes, and debentures:
Guaranteed by the United States
Other
Other liabilities
do
2,500
2,340
2,383
do
do
do
19
1,247
1,234
29
1,378
932
34
43
1 399
1 369
1 161
Privately owned interest
U. S. Government interest
do
do
22, 337
315
22, 533
268
Reconstruction Finance Corporation, loans and
securities (at cost) outstanding, end of month,
total
mil. of dol
Industrial and commercial enterprises, including
national defense
mil. of dol__
Financial institutions. __
_._do _
Railroads
do
States, territories, and political subdivisions _do
United Kingdom and Republic of the Philippines 9
mil. of doL.
Mortgages purchased
_ _ ..do
Other loans
do
949
322
329
22, 962
23 842
884
883
885
882
872
862
856
831
823
819
803
784
767
439
99
447
98
458
97
462
95
463
94
103
19
460
93
103
IS
457
92
442
92
433
92
428
91
419
84
102
102
102
99
398
76
102
408
79
99
96
18
18
18
18
19
19
18
72
81
35
71
81
60
80
60
80
60
79
60
78
57
78
57
77
36
37
40
42
44
45
45
106
106
105
104
22
20
20
20
93
90
87
89
36
84
86
81
83
36
36
36
75
82
36
64, 539
57, 881
64, 822
58, 060
65, 156
58, 309
65, 496
58, 759
65, 727
59, 085
66, 128
59, 437
66 455
59 701
66, 777
59, 961
67 181
60 347
67 476
60 514
67 983
60' 919
68 554
61 385
68 907
61 734
57, 131
37, 577
13, 918
11, 718
10, 225
3,005
10, 429
57, 362
37, 414
13. 514
11. 307
10, 303
3,008
10, 589
57, 641
37, 342
13, 147
10, 927
10, 350
3.005
10, 839
57, 894
37, 455
13, 021
10, 787
10, 376
3,017
11,041
908
977
804
58, 975
37, 652
12,326
10, 050
10, 587
3 065
11 675
59 282
37, 776
12, 229
9 956
10, 647
3 088
11 812
59 556
37, 759
12, 060
9 829
10. 703
3 111
ll' 885
14, 675
1,263
13,412
2, 133
1,321
1.506
739
721
735
851
60 640
38, 187
11,706
9 514
10, 846
3 164
12 470
14, 397
1, 239
13, 158
2,119
1,311
1,495
924
851
1,342
1,468
15 365
1 310
14? 054
2 167
1 361
1 499
15, 518
1 319
14 198
2, 175
1,378
1, 531
15 676
1 330
14 347
2 182
1 401
1 511
15 851
1 338
14 512
2 190
1 408
1 497
59 999
37, 946
11,871
9 657
10, 781
3 134
12 160
'848
16 027
r i 350
14 676
2 193
1 426
1 559
60 350
38, 056
11,767
9 561
10, 814
3 150
12 326
14, 141
1,218
12, 923
2,107
1,304
1,488
58, 431
37, 574
12. 657
10, 417
10, 503
3,033
11,381
751
15, 139
1.298
13, 841
2, 156
58, 702
37, 572
12,410
10, 166
10, 548
3 044
11 570
13, 848
1, 196
12, 652
2.089
r
1, 297
r
1, 528
58, 091
37, 486
12, 741
10, 480
10, 457
3,024
11, 263
765
14, 921
1,283
13, 639
2,146
1,323
1,450
16 185
1 357
14 828
2 199
1 432
1 554
16 336
1 375
14 961
2 °0()
1 44 r>
1 615
2,287
2,417
2,250
2,384
2 135
1 923
2 256
2 398
2 478
298
420
1,465
251
424
189
449
226
481
39S
453
477
436
2 031
2 179
367
505
2, 258
30(>
475
1,477
93
356
315
134
166
58
138
49
166
2,183
282
466
1 460
1 285
1 549
1 547
95
346
320
130
172
93
323
321
128
174
58
142
53
167
81
284
284
118
155
54
116
47
145
1 565
104
347
336
132
195
75
132
54
174
102
357
328
139
184
76
128
54
177
101
333
333
152
199
68
138
60
181
LIFE INSURANCE
Assets, admitted:
All companies (Institute of Life Insurance), estimated total J
mil. of dol
Securities and mortgages t
do.
49 companies (Life Insurance Association of
America), total
_
mil. of dol
Bonds and stocks, book value, total
do
Govt. (domestic and foreign), total
do
U. S. Government._do .
Public utility
do....
Railroad
do
Other _ _
do
Cash
_do
Mortgage loans, total
do
Farm
do
Other
do
Policy loans and premium notes _.
do
Real-estate holdings. _
_ _ _ ___ d o _ _ _
Other admitted assets
do
Life Insurance Agency Management Association:
Insurance written (new paid -for insurance):
Value, estimated total §
mil. of dol
Group§
do
Industrial
do
Ordinarv, total
do
New England..
do
Middle Atlantic
do
East North Central
do
West North Central
_
do
South Atlantic
do
East South Central
do
West South Central
do
Mountain... ... _.
_
do
Pacific
_.
do
T
r
792
581
424
383
486
1,282
1,548
92
318
273
114
147
49
110
43
137
1,502
1, 512
107
381
326
137
173
57
143
56
169
100
369
322
126
172
58
136
53
166
90
368
324
133
172
58
135
55
171
57
130
51
164
Institute of Life Insurance:
Payments to policyholders and beneficiaries,
estimated total
thous. of dol. _ 304, 142
366, 291
336, 397
338, 335
338, 256
307. 283
327, 525
288, 393
327, 648
315, 371
364, 248
129. 006
Death claim payments
__
do
153, 724
146, 005
149, 159
142 116
135 428
122 338
148 811
147 059
136 825
141 621
Matured endowments
___ . _ do_
41, 556
r 37 549
47, 349
43, 726
43, 178
42, 984
38, 234
39 785
35 119
40 377
42 448
Disability payments
do
7,959
8,682
8,831
8 846
8 247
8 152
7 453
8 605
8 580
8 311
7 988
r
Annuity payments
do
29, 170
22, 689
21, 715
23, 573
22, 512
22, 550
22, 966
22, 601
21,506
22, 249
24, 109
r
Surrender values
do
46, 564
62, 476
58, 309
60, 249
54, 131
57, 296
47, 832
58. 909
56, 691
53, 220
53, 450
Policy dividends
do__.
49, 887
71. 371
57.811
53. 330
65. 101
48. 788
50 fiQ9
54 145
50 OQ7
fift 4r,8
101 2Q1
••Revised.
i Less than $500,000.
9 Beginning with September, data ~-, for Republic of the Philippines only,
are
u
.•
j.
,._ .._ ,.,..
tober 1951 SURVEY.
{Revisions for January-July 1950 are shown in corresponding note in the October 1951 SURVEY.
§Revisions, available upon request, are as follows: Total insurance written, January 1949—January 1951; group, January 1950—January 1951; industrial, 1949.
191
382
244
454
1 458
1 481
102
333
314
126
166
60
149
52
156
99
309
333
129
179
61
140
53
160
389, 502
167 995
46 560
9 007
38, 294
52, 774
329, 638
1 48 934
3s' 984
72 QQ9
"W Q8.fl
0
0-0
28, 819
50, 648
SUKVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
April 1952
1951
February
March
May
April
June
July
1952
August
September
October
November
December
January
February
FINANCE—Continued
LIFE INSURANCE— Continued
Life Insurance Association of America:
Premium income (39 cos.), total, .-thous. of dol..
Accident and health
do
\nnuities
do
Group
_ . . . do. _
Industrial
do
Ordinary
_ _ _ do
511,135
49, 579
68, 746
44, 618
67, 666
280, 526
591, 532
60, 565
71, 308
48, 467
80, 391
330, 801
489, 571
47, 472
69, 670
43, 028
64, 519
264, 883
525, 553
61, 935
64, 136
42, 077
65, 808
291, 597
548,412
51,957
59, 188
42, 143
82, 265
312, 859
502, 612
50, 164
79, 708
43, 924
66, 224
262, 592
517,615
62, 341
57, 154
46, 426
61, 425
290, 269
508, 393
48, 730
60, 247
37, 410
77, 350
284, 656
519, 296
56, 990
61, 955
45, 518
72, 254
282, 579
526, 031
59, 737
73, 785
41, 151
60, 787
290, 571
743, 465
71, 169
148, 522
48, 449
115, 161
360, 164
549,118
53, 541
90, 144
60,164
63, 880
281, 389
21,805
101,914
112,842
2,245
62, 877
37, 616
12,689
5, 529
21, 756
-12,947
43, 357
2,398
21, 756
46, 270
41,422
3, 840
21, 759
-8, 790
28, 374
12, 165
21,854
136,976
19,183
15,533
22, 013
176,654
3, 397
14, 341
22, 233
243, 381
26, 326
7,896
22, 382
188, 370
9,360
7,302
22, 695
289, 801
2, 279
8,800
22,951
137,452
13, 223
r
76, 864
38,907
12,913
5, 536
38, 235
12, 690
5, 921
38,869
12,054
5, 464
39, 112
12,078
6, 648
37, 819
12,564
6, 397
38, 646
13, 243
6,628
13, 033
5,711
13, 160
5,147
4,962
332
10,016
.902
273
7,015
.902
182
16,828
.884
565
4, 686
.902
194
6,616
.902
675
4,807
.902
226
6, 975
.881
88
6,284
.880
85
3, 656
.880
157
' 6, 125
.880
1,468
3,583
3,429
1,854
2,097
3,482
2, 405
2,037
3,932
1,794
2,712
2,758
2,006
1,107
2,835
1,896
6,562
2,585
1,983
4, 493
3,079
1,977
3,414
3, 134
1,968
5,547
3, 219
3,766
3, 430
27, 278
183, 600
2, 500
7,800
173,300
89, 500
59, 200
24, 600
27, 519
182, 900
2, 500
6,700
173,700
89, 500
59, 300
24, 900
27, 809
185,028
2, 424
7. 930
174. (184
88, eeO
59, 948
25, 776
27, 851
p 184, 500
P 2, 400
v 6, 300
v 175, 800
v 90, 700
p 60, 000
P 25, 100
28, 386
'191,400
P 2, 000
P 4, 300
'185, 100
P 97, 800
p 61, 700
P 25, 600
28, 465
P 191.200
P 2, 100
v 5, 900
P 183, 200
P 95, 500
P 62, 100
P 25, 600
32.5
22.3
30.0
21.3
34.4
22.2
31.1
20.9
30. 1
20.6
32.5
21.4
MONETARY STATISTICS
Gold and silver:
Gold:
21,806
Monetary stock, IT. 8 .
mil. ofdoL. 22, 086
Net release from earmark §
thous. of dol__ -184,357 -111,239
125, 704
Gold exports
_
... . do .... 110,136
2, 257
2,242
Gold imports
do
58,910
63, 526
Production, reported monthly total
do
35, 594
37,951
Africa
do
12, 148
13, 034
Canada O'nel. Newfoundland)
_ do _ _
5,196
5,784
United States
do
Silver:
282
1,932
"Exports
do
8,101
17,486
Imports
do
.902
.902
Price at New York
dol. per fine oz
Production:
1 , 589
1, 755
Canada (incl. Newfoundland) -thous. of fineoz..
5, 249
1,903
Mexico
_
do_ .
3, 374
4,371
United States
.
do
Money supply:
*27, 188
27, 119
Currency in circulation
mil. of dol
flfr 600
183,700
Deposits a n d currency, total _ _ . _
do
• •2,400
2,400
Foreign banks deposits, net
do
6,000
8, 800
IT S Government balances.
do
174, 200
172, 500
Deposits (adjusted) and currency, total. -do
90, COO
89, 000
Demand deposits, adjusted
do
59, 000
59, 100
Time deposits
do
24, 600
24, 400
Currency outside banks
do
Turn-over of demand deposits except interbank and
IT. S. Government, annual rate:
30.7
35.5
New York Citv
ratio of debits to deposits..
21.5
22.5
Other leading cities __
_ - _do_
r
28, 155
28, 809
28, 288
29, 206
28, 417
v 185, 200 * 187,300 P 189, 200 p 190, 500 P 192, 900
P 2, 300
v 2, 100
* 2, 200
v 2,300
* 2, 100
v 6. 000
* 5, 600
p 5, 500
f 5, COO
p 7, 200
p 1 77, 000 v 177.900 '181.600 '182, 700 p 185, 666
v 91,400 * 92, 000 p 95, 000 p 96, 300 P 98, 120
v 60, 300 v 60, 500 P 60, 900 * 60, 600 P 61, 221
p 25, 300 P 25, 400 ' 25, 700 p 25, 800 v 26, 325
27.0
20.0
31.7
21.8
30.4
20.9
31.4
22.0
37.9
22.6
23, 191
152, 219
17, 805
168, 129
513
6,177
.880
1, 783
r
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Federal Reserve) :J
Profits after taxes, total (200 corps.), .-mil. of doL
Durable goods total (106 corps )
do
Primarymetalsand products (39 corps.) do
ATachinery (27 corps )
do
Automobiles and equipment (15 corps.). do
Nondurable goods, total (94 corps.)
do
Food and kindred products (28 corps. ) _ _ d o _ _ .
Chemicalsand allied products (26 corps.). do
Petroleum refining (14 corps.)
do
Dividends total (200 corps )
do
Durable ^oods (106 corps )
do
Nondurable goods (94 corps )
do
i
Electric utilities, profits after taxes (Fed. Res.)
mil. of dol..
"Railways and telephone cos. (see p. S-23).
876
510
188
90
194
367
58
129
123
-762
467
270
198
474
273
201
r 475
r 273
202
229
--
837
497
193
82
183
340
39
121
118
195
168
j
917
562
215
123
185
366
51
125
147
r 49§
176
73
r 142
r
333
r 4ft
Mil
127
—
395
241
226
SECURITIES ISSUED
Commercial and Financial Chronicle:
Securities issued, by type of security, total (new
capital and refunding)
mil. of dol.
New capital, total
__
do
Domestic total
_
do
Corporate _
.
do._ _
Federal agencies
do
Municipal, State, etc
do
Foreign.
...
___ ..do.
Refunding, total
do
Domestic total
do
Corporate
_
. ... do
Federal agencies
.
.do..
Municipal, State, etc
_ do ...
Securities and Exchange Commission:
Estimated gross proceeds, total
By type of security:
Bonds and notes, total
Corporate
. _
_.
Common stock ._
Preferred stock
By type of issuer:
Corporate, total
Manufacturing
Public utility
Railroad
Communication
Real estate and
financial
Noncorporate, total
U. S. Government
State and municiDal
_ _
T
834
649
594
365
48
181
5
184
184
27
154
3
1,233
1,022
1,001
795
48
158
21
211
180
82
88
10
1,064
920
918
660
29
228
2
144
144
80
61
4
1,161
946
865
398
60
407
80
215
215
13
198
4
1,302
1,106
1,075
706
89
280
31
197
197
57
137
3
937
810
802
476
8
319
8
127
124
29
93
2
634
441
398
248
0
151
43
192
192
20
172
1
1,288
966
937
463
107
368
29
322
322
16
288
18
976
836
815
517
0
297
22
140
140
47
89
4
1, 093
883
838
562
0
276
45
211
205
83
102
19
do. _.
1,126
1,740
1,516
1,757
3,951
1,678
1,388
1,582
1,789
1,628
1,709
2, 154
1,679
do
do
do. ...
do
1,084
341
34
8
1,545
814
143
52
1,220
528
196
100
1,646
637
89
22
3,723
597
152
76
1,510
347
131
37
1,258
415
56
74
1,516
313
31
35
1, 555
421
107
128
1,349
399
104
175
1,475
606
131
104
2,024
435
48 !
82
1. 515
296
154
10
do.
do
do
do
do
do
do. _.
do
do
383
65
222
26
2
40
742
502
185
1,009
304
155
30
426
20
731
520
162
824
411
284
20
24
36
692
451
234
748
388
213
14
4
50
1,009
581
343
825
367
253
26
3
124
3,126
2,830
284
515
144
193
18
52
75
1,163
834
321
545
253
171
9
3
29
843
656
152
378
169
120
23
9
15
1,203
765
243
655
316
201
18
16
65
1,134
651
3Q7
679
218
273
76
37
16
949
655
•28Q
840
422
274
23
49
22
869
601
565
309
156
17
1
12
1,588
1,024
nfls
459
274
122
23
3
11
1,219
967
Revised.
' Preliminary.
§Or increase in earmarked gold (—).
^Unpublished revisions (1949—3d quarter 1950) are available upon request.
986
792
642
337
40
265
50
194
194
20
170
4
9.^7
i
OOO
SUEVEY OF CUKEENT BUSINESS
April 1052
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-19
1952
1951
February
March
April
May
June
August
July
September
October
November
Decem- January
ber
February
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission— Continued
New corporate security issues:
378
Estimated net proceeds, total
mil. of dol__
Proposed uses of proceeds:
314
New money total
do
243
Plant and equipment
do
71
Working capital
do_ __
57
Eetirement of debt and stock, totaL -do
28
Funded debt ..
__ - ....do
27
Other debt
do
2
Preferred stock
do_
6
Other purposes
do
Proposed uses by major groups:
64
Manufacturing, total
do
53
New money
do
9
Retirement of debt and stock
do
219
Public utility, total
_
do
199
New money
do
20
Retirement of debt and stock
do
26
Railroad, total
do
8
New money
do
18
Retirement of dobt and stock _ _ d o
2
Communication, total
do
2
New money
_ _ do
0
Retirement of debt and stock __ _ do
39
Real estate and financial, total
do
33
New money
- do
3
Retirement of dobt and stock . _ do_
State and municipal issues (Bond Buyer):
205, 771
Long-term. _
thous. ofdol
158, 609
Short-term
do
994
810
739
812
505
537
371
640
666
826
555
450
845
626
676
685
452
474
431
253
336
116
352
121
334
541
567
725
47
20
43
22
420
121
640
85
385
281
53
480
88
530
32
17
71
5
80
51
68
42
12
2
28
1
19
23
2
32
11
0
13
60
32
65
2
27
165
146
308
254
213
181
416
357
304
294
268
227
17
118
47
196
26
268
39
269
5
154
38
120
699
146
504
122
121
68
129
13
53
0
28
2
49
9
15
384
353
361
314
94
278
97
36
30
30
0
423
422
26
6
18
405
301
73
151
20
16
112
54
46
14
64
52
55
298
219
0)
487
189
20
209
42
249
230
20
20
20
0
24
24
0)
35
30
2
204
3
14
14
0
4
4
0)
50
37
10
234
13
26
26
0
3
2
0)
123
73
26
0
6
21
1
20
141
115
250
218
23
190
26
169
180
11
18
18
0
51
51
1
C)
74
71
0)
1
49
161
8
9
9
0
3
3
15
0
4
115
4
23
23
0
8
8
(n
28
14
(i)
180
16
18
16
2
15
15
(i)
247
21
76
61
15
37
37
• 48
1
63
50
15
12
1
2
1
169, 623
89, 529
237, 662
191,699
433, 961
162, 557
335, 166
105, 887
364, 091
74, 901
156,214
84 760
249, 434
36 315
381 580
191 104
299 109
210 915
265, 503
215, 196
186
480
181
426
155
409
222
434
185
389
175
445
163
458
249
308
220
340
286
454
1, 367
1,304
1,286
1,287
1,275
1,266
1,260
1,290
1 291
28
1
5
100
20
23
23
0
3
3
0
11
9
22
16
2
282
103
151
3
17
17
0
1
1
0
246
23
22
22
0
48
15
12
1
470
60
10
10
1
r
0
574, 694
93, 863
221, 777
132,4^6
242
380
248
338
220
304
1 279
r
378
1,292
1,289
816
695
809
633
1,280
805
649
r
COMMODITY MARKETS
Volume of trading in grain futures:
Corn
Wheat _
mil. of bu._
do
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. Members
Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances
Money borrowed
__
mil of dol
do
do
do_
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.),
totnl§
dollars.Domestic _ _
do
Foreign _
do
Standard and Poor's Corporation:
Industrial, utility, and railroad (Al-f-issues):
Composite (17 bonds)
dol. per $100 bond-Domestic municipal (15 bonds)
do
U. S . Treasury bonds, taxable, . _ _ _ _ _ _ _ d o _
Sales:
Total, excluding U. S. Government bonds:
All registered exchanges:
Market value
_ . thous. of doL .
Face value _ _ _ _ _
....
___ _ do
New York Stock Exchange:
Market value. _ _
do
Face value
do
New York Stock Exchange, exclusive of stopped
sales, face value, total§
thous. of dol__
U. S. Government. _ _
do
Other than TJ. S. Government, total § d o _ _ _
Domestic
_ __
do
Foreign
do
Value, issues listed on N. Y. S. E.:
Market value, total, all issues§
mil. of dol_.
Domestic- _ _ _ _ _
__.
do
Foreign
_ _ _
_ _ __
do
Face value, total, 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:
Industrial
do
Public utility
..
do
Railroad
do
•
Domestic municipal:
Bond Buyer (20 bonds)
do
i
Standard and Poor's Corp. (15 bonds) d o _ _ _
U. S. Treasury bonds, taxable.
do
I
T
953
642
918
715
364
879
661
855
681
834
680
825
672
816
624
843
640
853
653
890
652
100. 90
101. 38
72.56
99.30
99.77
71.94
98.72
99.24
71.85
98.28
98.79
71.70
97.86
98.37
71.78
98.48
98.98
73 10
99.23
99.73
73. 66
98.72
99.22
72. 93
98.29
98 78
73 00
97.82
98 30
72 65
97.43
97.92
72 44
98.01
98.49
73. 48
97.83
98. 30
73. 39
121.3
140.7
101. 44
119.4
135.5
100. 28
117.8
131.9
98. 93
117.4
131.1
97.90
116.6
128.6
97.62
116.2
129 4
97.93
117.1
132.1
98.90
118.0
132.0
99.10
116.9
131.3
98.22
115.3
131 6
97.52
114.8
130. 9
96. 85
115.6
130.8
96.27
116. 5
132. 1
96. 77
77, 203
86, 108
72, 842
83, 272
106, 614
108, 793
69, 822
80, 270
54, 048
63, 267
52, 767
66, 368
53, 065
60, 666
54, 075
62, 621
66, 533
79 818
47, 052
56 942
58, 376
71, 347
63, 229
75, 892
51,332
61 , 026
74, 563
82, 658
70, 081
79, 406
104, 014
105, 659
67, 378
77, 369
51, 192
60, 114
50, 590
62 649
51,120
57, 957
52, 560
60 534
64 609
75 600
45? 275
53 328
56, 026
67 670
60 802
72 524
49, 298
58 610
86, 996
0
86, 996
77, 384
9,592
76, 668
9
76, 659
68, 618
8,009
76, 030
1,946
74. 084
67, 413
6,601
67, 814
5
67, 809
61, 391
6,408
55, 399
0
55, 399
49, 191
6,179
56, 400
2
56, 398
45 698
10 650
52,111
0
52, 111
45, 548
6 515
56, 211
0
56,211
49 960
6 192
67, 291
10
67. 281
58 350
8 867
48, 559
60, 525
3
60, 522
54 325
6 079
66, 971
68
66, 903
59 389
7 399
49, 109
48 559
41 89*)
6 613
115, 801
114, 163
1,389
114, 769
112, 605
1,914
114, 382
112, 758
1,377
115, 183
113,019
1,914
100, 247
98, 630
1, 373
101. 545
99, 384
1,912
99, 938
98, 278
1,369
101, 692
99, 482
1,910
97, 818
96, 163
1,366
99 958
97, 754
1,904
98, 457
96, 777
1 389
99 975
97 775
1 900
99, 271
97, 580
1 399
100 045
97 846
1 899
97, 925
96, 290
1 347
99 197
97 050
1 847
97, 511
95 876
1 345
99 206
97 063
1 843
97, 151
95 427
1 339
99 318
97 075
1 843
95, 634
93 920
1 332
98 158
95 920
1 839
96, 269
94 537
1 349
98 221
95 985
1 836
96,158
94 431
1 344
98 292
96 060
1 839
2.85
2.96
3.07
3.09
3.16
3.17
3.12
3.08
3.13
3.20
3.25
3.24
3.18
2.66
2.71
2.88
3.16
2 78
2.82
3.00
3.23
2 87
2.93
3.11
3.35
2 89
2.93
3. 15
3 40
2 94
2 99
3.21
3 49
2
2
3
3
9
2
3
3
2
2
3
3
2
2
3
3
2
3
3
3
3
3
3
3
2
3
3
3
2
3
3
3
2.69
2.86
3.01 !
2.81
2.96
3 11
2 89
3.07
3 24
2 90
3.10
3 28 !
2 96
3 18
3 33
2 97
3 19
3 36
2 92
3 13
3 31
2 89
3 09
3 27
2 93
3 14
3 31
2 gy
3 21
3 42
3 00
3 24
3 50
3 00
3 23
3 48
2 97
3 19
3 OQ
1.63 i
1.61
2.40 !
1.82
1.87
2.47
1.94
2.05
2.56
2.07
2.09
2.63
2 21
2.22
2.65
2 06
2 18
2.63
2 00 ,
2.04
2.57 I
2 05
2 05
2 5fi
2 04
2 08
9 m
2 07
2 07
2n
2 10
2 08
2 10
2 07
2 04
94
99
23
53
gg
Q9
17
50
84
88
15
46
89
93
18
50
o
96
02
26
56
9 fifi
01
06
31
61
9 70
98
05
32
59
9 74
Q3
01
25
53
9 71
Revised.
i Less than $500,000.
§Sales and value figures include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included also in computing average price of
all listed bonds.
SUEVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
1951
Febru-
March
April
June
May
Julv
August
September
October
November
December
January
February
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks
Cash dividend payments publicly reported:
Total dividend payments
mil of dol
Finance
do
Manufacturingdo_ .
Mining
do
Public utilities:
Communications
do
Heat, lifht, End power
do
Railroad
_ do.
Trade
.
do_._
Miscellaneous
do
Dividend rates, prices, yields, and earnings, 200
common stocks (Moody 's)t
Dividends per share, annual rate (200 stocks)
dollars..
Industrial (125 stocks)
__do_ .
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Bank (15 stocks)
- --do
Insurance (10 stocks)
do
Price per share, end of month (200 stocks) _ _ d o
Industrial (125 stocks)
do
Public utility (24 stocks)
do
Railroad (25 stocks)
-do
Yield (200 stocks)
.percent.
Industrial (125 stocks)
_do__
Public utility (24 stocks)
do
Railroad (25 stocks)
_do_
Bank (15 stocks)
-- .-do.._
Insurance (10 stocks)
do
Earnings per share (at annual rate), quarterly:
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Dividend yields, preferred stocks, 11 high-grade
(Standard and Poor's Corp.)
percent. _
Prices:
Dow-Jones & Co., Inc. (65 stocks) __dol. per share _
Industrial (30 stocks)
do
Public utility (15 stocks)
do
Railroad (20 stocks)
do
Standard and Poor's Corporation:
Industrial, public utility, and railroad:^
Combined index (416 stocks). -.1935-39= 100..
Industrial, total (365 stocks)
do.
Capital goods (121 stocks)
__do
Consumers' goods (182 stocks)
do
Public utility (31 stocks)
_do__.
Railroad (20 stocks)
do
Banks N Y C (19 stocks)
do
Fire and marine insurance (18 stocks)
do
Rales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
mil. ofdoL.
Shares sold
thousands.
On New York Stock Exchange:
Market value
mil. of dol.
Shares sold
..thousands..
Exclusive of odd lot and stopped sales
(N Y Times)
thousands.
Shares listed, New York Stock Exchange:.
Market value, all listed shares
mil. of dol. _
Number of shares listed
.millions..
214.2
39.5
105. 2
1.8
41.5
8.0
15.2
2.3
1,066.2
70.9
688.3
77.1
516.4
83.1
204.3
8.0
209. 5
40.1
107.9
1.4
1,116.3
76.8
729.6
87.8
524. 6
124.1
203. 8
5.8
216.7
41.6
102.2
2.0
1, 132. 7
80.6
757.3
91.1
532. 9
104.3
211.5
7.3
224.0
43.5
106. 1
1.2
38.3
67.4
60.3
40.3
23.6
74.9
54.4
25.0
54.9
11.8
„
44.7
3.5
8.5
2.7
24.3
69.1
55. 0
47.8
25.9
74.8
51.8
11.1
39.3
13.9
.7
47.1
10.9
7.7
4.5
25.1
66.6
40.7
50.0
21.3
82.2
56.1
13.0
41.7
16.8
49.4
10.9
8.2
4.0
36 8
80.9
69. 5
80.4
44.5
83 4
53. 2
17.8
56.8
12.8
46 3
71
1 5. 0
33
4.11
4.48
1.85
2. 55
2. 65
2.71
4.11
4.49
1.86
2. 55
2.65
2.71
4.15
4.52
1.87
2.58
2.65
2.73
4.15
4.51
1.87
2.58
2.65
2.73
4.15
4.53
1.87
2.58
2.63
2.73
4.18
4. 55
1.87
2.58
2.63
2.73
4.11
4.45
1.88
2.58
2.63
2.73
4.12
4.47
1.90
2.55
2.63
2.73
4.09
4.43
1.90
2. 55
2 63
2.73
3 92
4.19
1.90
2.58
2.63
2.73
3.88
4.13
1.90
2.55
2.64
2.84
3.92
4.18
1 90
2. 55
2.64
2.84
3. 92
4.18
1 89
2. 64
2.64
2 84
65.57
68.61
32. 82
42.90
64. 25
67.40
31.77
40.52
67. 20
71.15
31. 78
42. 17
65.39
68.88
31.99
40.04
63.40
66. 75
31.70
36.68
67. 45
71.28
32.67
39.93
70.10
74.46
33.13
40.76
69.73
74.09
32.87
41.57
67.97
72.07
32.94
39.79
67. 80
71.48
33. 26
39.97
69.94
74.24
33. 85
40.00
70.90
75. 09
34.42
42. 26
08. 39
72.00
34.41
41. 59
6.27
6. 53
5.64
5.94
4.48
3.52
6.40
6.66
5. 85
6.29
4.61
3.45
6.18
6.35
5.88
6.12
4.74
3.41
6.35
6. 55
5.85
6.44
4.77
3.49
6. 55
6.79
5.90
7.03
4.86
3.48
6 20
6.38
5.72
6.46
4.79
3.35
5.86
5.98
5.67
6.33
4.67
3.20
5.91
6.03
5.78
6.13
4.70
3.28
6.02
6.15
5 77
6.41
4.77
3.44
5.78
5.86
5.71
6. 45
4.64
3.47
5.55
5.56
5.61
6.38
4.45
3.47
5. 53
5. 57
5 52
6.03
4.41
3.38
5. 73
5.81
5 49
0. 35
4.50
3 41
r
r
7.60
2.60
'3.48
r
7. 45
2.53
5.52
1, 805. 0
21 2. 6
1,128.9
151. 4
Tnr> m on invp<;tTnonts abroad
do
CHh
do
<5
'
.
porr, oigpo s
T
OtVi
T
.
,
tm nfc; in TT ^
f '
'
rio~~
do
do
3.87
4.00
4.11
4.15
4.17
4.20
4.13
4.16
4.19
4.23
4.28
4.26
4.22
94.98
253. 32
42.87
88.09
92.39
249. 50
43. 03
82. 66
92.86
253. 36
42.36
82.59
92.57
254. 36
42.28
81.37
90.46
249. 32
42.55
78.06
91.29
253. 60
43. 75
77.04
95.19
264. 92
45. 06
80.53
98. 11
273. 36
45.40
83.91
97.82
269. 73
46.04
84. 25
94.44
259. 61
46.22
79.73
96.73
266. 09
46.72
82.30
99.39
271. 71
48.61
84. 81
98. 31
2(in. 19
48 87
85. 05
174.7
189.6
181.5
171.0
111.0
159.1
109.8
180.5
170.3
184.4
175.0
169.0
111.2
148.7
110.2
180.7
172.3
187.3
179.4
168.8
110.2
148.7
106.1
181.9
173.9
189.3
181.9
167.9
110.5
147.5
105. 6
183. 4
171.7
186.9
179.2
163.1
110.2
141.6
105. 4
182.7
172.8
188.1
179.9
163.7
111.5
139.4
104.2
184.9
181.5
198.3
190.7
168.0
114.4
147.1
105.8
193.0
187.3
205.2
197.1
172.9
115.8
152.8
108.0
195.4
185.0
202.3
193.3
171.4
115.2
154. 7
106.4
187.5
177.7
193.3
182.6
164.6
114.7
144.2
109.0
1S2.9
182. 5
199.1
189.4
167.6
115. 5
150. 5
110.2
188. 5
187.1
204.3
192.4
169.2
117.0
155 4
115.4
194.0
183.2
199. 1
184.7
166.0
1 1 7. 5
155 0
114. 5
193. 3
1,683
71, 480
1,547
67, 024
' 2, 030
74, 220
1.337
52, 456
1,354
53, 1 54
1,626
59, 483
1,707
66, 385
2, 045
85, 294
r
1,413
65, 122
1, 501
63, 170
1 , 922
71,188
1,791
61, 534
1,442
53, 327
1,320
50, 583
r
1.143
40, 667
1,171
42,438
1,393
44, 583
1,445
48, 206
1,714
60, 208
1,200
47, 449
1,279
44, 886
41, 234
35, 625
34, 290
38, 457
27, 402
27, 989
33, 642
36, 395
42, 531
25, G77
30, 083
37,141
27, 195
100, 246
2.391
98, 1 1 2
2,421
102, 747
2.437
100,120
2,452
97, 920
2,528
104, 610
2,557
108, 307
2,568
108, 911
2,581
106, 439
2,592
106, 309
2, 604
109, 484
2, 610
111,580
2, 627
10S, 471
2, 034
2,086
82, 631
r
r
1,740
56, 928
r
4,375
3,414
396
565
5,283
4,091
471
721
5,069
3,842
458
769
5, 413
4,077
580
756
3,915
3,217
86
612
3, 938
3,133
99
706
3 708
2,680
93
935
3 550
2,633
122
795
Balance on goods and services
do
+460
+1,345
+1, 361
+1, 863
Trilateral transfers (net) total
do
-1,147
-112
— 1, 035
-1.375
96
-1,279
-1,221
-90
-1, 131
-1, 196
— 107
-1,089
do
—353
-294
—59
-370
-287
—83
—11
+16
97
-319
—329
+10
do
+1
+108
+12
+384
P
<-
~
do
IT S long and short-term capital (net) total do
P
t
Foreign long- and short-term capital (net)
Increase (-) or decrease (+) in U. S. gold stock
mil of dol
+893
+55
-292
+146
+237
+151
Errors and omissions
___do
f
Revised.
* Preliminary.
§ Number of stocks represents number currently used; the change in the number does not affect the continuity of the series.
64. 4
2 3
8 00
2 44
12 94
BALANCE OF PAYMENTS (QUARTERLY)
mil. of doL_
181 4
r
6 30
2 44
4.71
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
Exports of goods and services, total
505 7
107.4
169. 6
4.7
-709
-23
r
1,618
49, 431
1. 59S
62. 051
1, 351
42. 2%
SURVEY OF CURRENT BUSINESS
April l!)r>2
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-21
1952
1951
February
March
April
June
May
July
September
August
October
November
December
January
February
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE
Indexes
Exports of U. S. merchandise:
Quantity
1936-38 = 100
Value
do
Unit value
do
Imports for consumption:
Quantity
do
Value
do_
Unit value
do
Agricultural products, quantity:
Exports, domestic, total:
Unadjusted
1924-29=100
Adjusted
_do
Total, excluding cotton:
Unadjusted
do
Adjustt 1
-do
Imports for consumption:
Unadjusted
-- - do
Adjusted
do
215
435
202
253
519
206
265
555
210
260
550
212
250
525
210
232
484
209
249
516
207
249
501
202
233
471
202
279
565
203
281
585
208
245
506
206
151
443
293
167
504
302
152
471
309
148
461
311
140
446
319
137
433
316
139
435
313
118
364
307
141
425
301
135
403
298
131
390
299
148
446
301
102
125
104
120
130
165
105
132
92
117
74
101
90
99
106
86
117
81
136
103
148
116
129
123
141
179
155
181
190
231
155
174
150
177
126
157
155
151
157
125
149
113
158
138
157
141
157
163
118
116
132
116
112
104
104
107
99
109
103
114
107
116
91
95
102
103
102
108
93
92
121
116
5,130
7,283
6,232
7,537
8,758
7,560
9,714
7,849
9,526
8,193
8,865
8,033
11, 171
7,642
10, 931
6, 673
10, 605
7,873
9,400
6, 899
6 319
Shipping Weight
Water-borne trade:
Exports, incl. reexports^
General imports
thous. of long tons _
do
r
Value
Exports, including reexports, total!
mil. of dol__
By geographic regions:
Africa
-thous. of dol _
Asia and Oceania
do
Europe
- do
Northern North America _ _ __ _ _do
Southern North America
do
South America
__do_ __
Total exports by leading countries:
Africa:
Egypt
_ _
do_ _Union of South Africa
do
Asia and Oceania:
Australia, including New Guinea .. __do_ _
British Malaya
- - do_ _
ChinaO
do
India and Pakistan
do _
Japan
_
-_ -_ do
Indonesia
- __ _ _ __ do _Republic of the Philippines _ _ __ _ _ do_ _^
Europe:
France
- do _
Germany
_
_
do
Italy
do
Union of Soviet Socialist Republics
do
United Kingdom
do
North and South America:
Canada, incl. Newfoundland and Labrador
do.-__
Latin- American Republics- total
do
Argentina.- .
__
do ..
Brazil
do
Chile..
_ _. do
Colombia
Cuba
Mexico
Venezuela
{
.
._
do
. _. do
do_ _
do
Exports of U. S. merchandise, total^
mil. of doL.
By economic classes:
Crude materials
thous. of dol
(""rude foodstuffs
_
...
do
Manufactured foodstuffs and beverages do
Semimanufactures 9
do
Finished manufactures 9 - - _ - _
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, total
.__do _
Aircraft, parts, and accessories§
do
Automobiles, parts, and accessories §cf --do
Chemicals and related products d"
do
CoppercT
_-.
do
Iron and steel-mill products
do
Machinery, total§cf
Agricultural _
.
Tractors, parts, and accessories§
Electrical§c?
Metal working
Other industrial c?
Petroleum and products
Textiles and manufactures
trade and from area and country data.
do
do
do
do
do
do __
do
do
1,076
1,285
1,370
1,354
1,294
1,190
1,267
1,232
1,155
1,388
35, 365
161, 943
299, 237
194, 816
120, 472
143, 182
50, 184
211, 362
319, 941
232, 093
163, 047
174, 408
48,199
233, 903
385, 301
263, 716
149, 135
172, 143
59, 051
185, 031
367, 622
255, 651
140, 068
174, 187
48, 590
192, 425
340, 030
236, 891
138, 646
186, 304
56, 400
190, 523
285, 122
202, 552
136, 429
182, 787
58, 138
198, 706
307, 886
203, 158
146, 970
198,315
58, 477
205 651
330 945
200, 248
136 504
177 214
34, 204
182, 430
346, 768
214, 670
131 301
133, 913
46, 383
271, 861
376, 891
208, 123
155 444
187, 279
4,941
10, 866
4,446
19, 192
4,794
24, 563
8,078
29, 089
7,313
21, 821
6,804
23, 899
8, 639
25, 477
10, 624
25 482
7,534
13, 859
7,430
4 893
15, 167
4 304
13, 168
5 462
8 270
4 274
12 874
4 447
16 763
5 489
13 579
6 003
13, 936
4,887
19 673
57, 582
10, 504
17, 980
34 535
67, 903
18, 368
24, 107
39 527
73, 194
15, 799
27, 241
35 465
51 122
15,318
24 026
30 360
45 076
14, 628
34 323
33
36
14
31
751
720
692
273
41 639
34 303
15,341
35 335
26, 206
48, 176
41, 141
27, 290
40, 808
44, 385
41,331
44, 296
62, 470
36 553
40, 158
72 198
39 535
41, 786
38 689
37 379
33, 688
20 505
55, 643
63, 515
69, 496
56 423
68, 213
194, 814
253, 202
16, 320
44, 840
9,807
14, 110
44, 815
44, 151
34, 291
232, 087
322, 314
16, 333
49, 956
16, 538
19, 063
59, 705
60, 226
46, 260
263, 701
307, 994
19,010
45, 919
13, 277
22, 250
48, 834
61,916
45, 536
255, 608
300, 582
20, 231
54, 610
16, 218
20, 795
40, 752
60, 952
38, 487
1,061
1,266
1,353
1,340
174 055
114,324
59, 253
109 710
603, 322
173 226
123, 998
75, 166
131 429
762, 295
228 512
163, 562
82, 412
134 549
743 808
203 953
13 7 880
71, 443
142 615
784 215
148
135
74
153
767
307, 874
98, 932
13, 398
122, 170
19, 403
332 396
83, 756
17, 917
130 715
25 180
419 984
117, 761
14, 523
177 297
29 339
354 602
93 532
15, 912
138 191
26' 797
310 744
50 660
16^417
131 766
23 552
o
15
o
2
o
4
o
1
752, 790
932, 859
933, 716
985 503
1,320
1,981
1,850
1,007
88, 619 r 107, 816 r 110, 488 «• 110, 500
r
' 63, 261 T 79, 012 r 82, 929
86, 144
r
r
r 7 170
• 8, 089
7, 391
9 261
42, 030
55, 384
48, 125
50, 191
r
•• 172, 818
10, 436
21, 503
T
36, 195
13, 577
r
78. 182
39 443
59, 500
«• 223, 846 ' 227, 414 r 220, 758
12, 584
13 621
13 017
31, 765
31, 173
28, 508
r
47, 132 ' 48, 136 r 50 247
18, 284
16, 237
15 687
r
101, 370 r 99 143 f 98 823
56 260
58 584
65 061
85, 530
75', 645
79! 036
1,435
1,247
379
190
770
749
906
342
5,609
18 890
4 033
21 503
7,718
22, 166
14, 304
3,648
24, 673
5 139
26 026
5 047
18, 558
3,884
36, 870
39, 456
16, 225
35, 820
41, 423
40, 845
7,177
27, 044
78 454
58 122
12, 421
32 579
82
54
12
41
359
586
403
028
69, 665
44, 582
10, 343
23, 052
33 214
41,279
24 322
34, 268
49, 223
20, 711
33, 193
44, 727
24, 825
40 875
47, 482
34 7?3
48 152
55 299
43 954
41,079
63, 134
41, 584
71 556
77 999
97 170
99 809
96 018
103 084
78 393
236, 889
312, 353
24, 368
58, 337
16, 554
24, 006
42, 627
60, 380
39, 531
202, 497
307, 195
23, 960
61, 060
17, 408
20, 089
41, 739
59, 486
35, 247
203, 155
330, 133
25, 220
69, 125
15, 902
19, 348
43, 071
64, 391
39, 025
200, 182
298, 074
19, 723
74, 292
11, 625
17, 145
38, 829
59, 538
32, 524
214, 625
252, 965
13, 904
51, 822
7,647
13 191
39 865
62, 805
27 702
208, 123
326 970
21, 558
71 208
12 647
18 949
48 988
62, 345
40 122
1,280
1,179
1,258
1,222
1,147
1,378
1,425
1,233
030
050
807
016
225
152 392
US' 190
78* 471
149 528
759' 212
207 524
106, 297
65, 570
145 292
696 835
272 463
98 249
61, 709
127 323
587 341
300 099
108,902
73,316
148 218
747 243
336 658
109 783
69, 003
160 702
749' 176
255, 394
127, 575
60, 389
137 163
652, 704
251 719
32 663
13, 799
111 027
24 130
276 985
32 139
17, 099
128 156
19 554
307, 653
70, 787
16, 738
115 935
18 703
349 603
116 856
21, 332
103 925
16 292
415 443
165 771
20, 978
119 198
24 gig
459 274
213 167
20, 540
115 441
27' 587
376 507
148, 921
20, 144
129 674
27 048
966 049
1,328
48, 346
222, 073
385, 795
192, 265
135, 460
152, 702
8562 717
584
77, 940
76, 149
7 324
62, 962
o
13
461
776
229
9°9
932
o
128
105
72
155
718
o
2
o
(i)
o
(i)
o
(i)
5
0
913 864
927 410
797 482
969 583
980 807
962 336
2 565
2 362
462
3 650
457
1 536
«• 104, 652 ' 103, 048 «• 103, 270 ' 101, 188
' 75, 799 r 97, 346
r
r
93, 417
89, 591
r 90 358
' 91 811 ' 85 644 *• 71 246
r 9 qp3
r 2 9f>4
T 7 087
r 7 246
r 3 508
r 6 679
47,390
48, 588
54^ 605
45, 973
56, 500
48, 955
' 219, 062 '237,286 f 214, 991
13 320
14 015
15 301
25, 160
28^742
22, 956
* 53 222 r 48 311
r 50 656
17 025
17 279
15 346
r 96 901
r 95 590
r gg 826
or -IA K
60 974
76 389
77, 546
6l! 305
62. 891
51
294
438
180
153
205
180,
341
19
81
19
20
44
62
39
r
r
748
234
238
335
346
256
168
239
172
573
96, 655
89 087
r 10 271
67, 555
(i)
5
192,265
273, 293
14, 750
57 904
10 460
15 722
39 910
54, 820
33, 620
1,316
212, 877
r 214, 210 * 237, 999
10 557
9 574
10 818
27, 251
28, 478
24, 406
r 49 065
r 47 227
41 602
19' 823
18 303
17* 391
r 103 356 r us 781
103 612
fiQ 7fi^
65 017
73 896
73 519
56, 125
72. 721
49. 742
69', 927
.".
\ Total exports and various component items
>maryl951-February 1952, respectively—94.8; 106.7; 83.5:
icluded in total exports, are excluded from water-borne
*• 193, 706
10 631
21, 163
r 46 354
15' 692
r §8 970
83 540
62'. 354
» 171, 991
9 384
22^ 294
r 36 481
12 059
T 82 231
cf Data beginning January 1951 have been adjusted to conform to the 1952 revision of the export schedule. Adjusted figuires for January 1951 (thous. of dol.): Automobiles, parts, etc., 72,838;
chemicals and products, 58,381; copper, 4,366; machinery, total, 183,839; electrical machinery, 41,955; other industrial, 82,007.
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
April 1952
1951
February
March
April
May
June
July
1952
August
September
October
November
December
January
February
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
1
FOREIGN TRADE— Continued
Value—Con ti nued
General imports, total
thous. ofdol
By geographic regions:
Africa
do Asia and Oceania
do —
Europe
-do Northern North America
do
Southern North America
do
South America
do
By leading countries:
Africa:
Egypt
do _
Union of South Africa
_ __do
Asia and Oceania:
Australia, including New Guinea
do
British Malava
do
ChinaO
"
do
India and Pakistan
do
Japan
_ do
Indonesia
_ _ __ _ do _
Republic o f t h e Philippines _ _ _ _ _ d o
Europe:
France __ _
_ _. _ do .
Germany
_ _
_ _ __
do .....
Italy
do_ _
Union of Soviet Socialist Republics
do . ..
United Kingdom
do
North and South America:
Canada, incl. Newfoundland and Labrador
thous. of doL
Latin- American Republics, total
do
Argentina
do
Brazil
_
_.do
Chile
do
Colombia
do _
Cuba
__ _ __
_ _ do
Mexico
do
Venezuela
_
_
_ _ _ do_ _
909, 724
1,099,903
1,032,675
1,017,687
929, 802
894, 599
880, 355
721, 071
833 360
818 274
800 558
921 638
44, 836
187,250
173.933
1 53, 982
1 '\8. 648
221,075
67, 082
267, 237
192. 860
190, 835
129,951
251, 938
69, 457
270, 121
181, 500
191 , 769
118,044
201, 783
76, 227
242, 572
189, 702
202, 106
99, 497
207, 582
55. 326
235, 728
179, 868
191,822
95, 419
171, 637
39, 758
223, 954
176, 527
189.588
100 634
161,137
40, 225
229, 332
161.084
192, 450
84 712
172, 554
25, 911
157. 934
146,415
171.896
76 172
142 743
40 374
143. 678
147 682
218,424
90 256
192 946
37 660
146, 608
157 2^4
199, 584
88 503
188 626
34 960
151, 875
152 846
189, 892
93 264
177 721
68 402
172, 961
175 881
187, 036
1°7 675
189 685
486
15, 638
291
15,870
19, 652
15,202
12,936
12, 669
5, 161
14, 390
268
8,561
789
7,851
275
5,402
660
9,629
812
11,002
1,063
6,470
16 453
11 844
9,458
33. 593
5. 700
27, 306
16, 736
19, 455
31, 287
42, 247
38, 447
4. 946
37. 547
20, 097
25, 550
29, 514
58, 351
43, 294
2 722
38, 003
17,121
19, 751
31, 165
62, 048
24, 378
2,886
32,117
26, 810
19, 526
30, 382
49, 933
36,315
2, 062
36, 320
16, 557
17, 236
25, 501
22, 859
52, 373
2,242
32, 401
15,013
24,911
23, 374
39, 265
39, 001
1 , 634
24,394
18, 246
29, 665
22, 302
7,105
31,941
1,241
17, 487
12, 297
19, 744
19, 201
14.898
27 872
1. 136
19 903
14 369
19, 457
17, 313
9,616
26 479
2 719
19 062
15 894
17 297
15 882
22, 486
16 907
4, 843
19 317
15 021
20, 127
15, 858
8, 519
38 536
4 902
2? 437
17 772
29 704
14, 785
24, 396
14,312
1 2, 579
2,112
38, 546
31, 776
19,117
13,588
1,338
36, 681
26, 390
18,217
13, 229
2,207
42, 598
28, 066
21,414
10, 967
1,625
45, 712
21, 375
24, 667
12,475
2,790
38, 701
21, 239
24. 558
9, 763
2,014
44,311
24, 816
21,183
10,698
3, 259
39, 499
16, 332
16,912
9, 502
1,141
33 251
15,453
19,165
8,884
3,311
33 372
13 635
16, 630
12 364
3, 088
40 269
15, 172
14, 806
12, 953
2, 251
35 ^22
20, 364
17, 509
11 321
1,150
30 013
153, 738
331,028
25, 881
84, 856
16,007
27, 081
40,819
29, 909
26, 167
190, 811
363, 189
34, 734
100, 704
15,400
27, 616
43, 636
33, 055
26, 551
191,604
303,315
32, 845
64, 456
27, 584
19, 237
41, 289
29, 124
25, 866
202, 098
291 , 602
29, 975
68, 528
22, 076
27, 176
33, 026
26, 373
30, 966
191,671
251,110
16, 805
65, 068
15, 557
26, 894
34, 073
23, 951
27, 294
189, 287
248, 340
11,970
54, 670
10,815
37, 203
39,117
26, 025
26, 733
192, 137
244, 348
10, 486
65, 556
18, 247
33, 541
40, 381
18, 885
25, 827
171, 259
208, 190
8,221
62, 976
13, 863
22, 851
34, 512
20, 554
22, 208
218, 039
264 796
6, 643
83, 440
18 437
34, 305
35, 501
26 426
30, 119
199, 568
260 120
6 781
89 607
18 197
34 610
31,417
27 153
25, 822
189, 887
249 777
7.893
84, 857
11,692
36, 596
13, 360
32, 859
37, 333
187, 035
293 294
8 294
69. 867
22 246
42 Oil
30, 577
41 169
33, 927
Imports for consumption, total
_
By economic classes:
Crude materials
Crude foodstuffs
Manufactured foodstuffs and beverages__
Semimanufactures
_ _
_
Finished manufactures
By principal commodities:
Agricultural products total
Coffee
Hides and skins
Rubber, crude, including guayule
do__
909, 466
1,033,534
965, 686
945, 793
914, 530
887, 125
892, 983
745, 850
872, 242
827, 041
800, 544
914, 910
do _
do
do_ _..
do .
do_ _
283, 799
201 , 381
87, 028
201,261
135, 996
309, 444
233, 978
93, 103
227, 037
169, 974
337, 649
159, 548
89, 546
215,764
163, 179
297, 629
171.225
91, 544
221, 239
164, 156
299, 748
147, 677
92. 570
216, 519
158, 016
293, 043
136,598
92, 926
198, 969
165, 588
289, 191
144,026
88, 418
204, 965
166, 383
237, 220
122. 234
76, 220
169, 267
140, 909
256, 788
167 016
93, 423
192, 522
162, 493
213, 237
184 934
80, 665
183,271
164, 935
216, 752
187 259
58, 687
183, 556
154, 290
269, 233
193 779
79, 269
205, 170
167, 459
do
do
do
do
477, 655
139, 406
8,530
63, 457
1 838
41,921
53, 674
431,811
10, 320
538, 873
153, 040
10, 728
74, 347
2,081
40, 626
84, 842
494, 661
11, 798
479, 006
96, 645
10, 858
73, 232
1,626
39, 717
105,037
486, 680
16, 638
452, 248
100, 701
13, 038
51,853
1,216
33, 985
84, 706
493, 545
8,537
428, 144
90, 657
13, 399
69, 369
1,287
32, 399
70, 942
486, 386
8,913
405, 553
86, 897
15,187
87, 733
1,035
38, 655
48, 000
481, 572
7,503
412, 895
87,818
14, 540
76, 837
1 695
38, 043
57, 856
480, 088
8, 06.1
333, 443
80 719
14, 272
59, 282
2 003
30 063
34,131
412 407
5,336
388 157
117 074
9,757
52, 911
2 549
30 207
42, 1 53
483 085
7,515
378 975
127 025
5,' 826
54, 489
2 059
24 379
30, 728
448 066
5 889
360 292
138 732
5, 154
43, 997
1 730
7 566
35,215
440 252
9,355
437 235
134 047
5, 493
80, 393
3 865
25 987
37, 906
477, 675
6, 571
61,925
22, hh2
K!, 195
31,035
33, 009
50, 531
75, 522
17, 959
22, 680
31,209
44, 057
50, 601
69, 182
21, 909
13.297
29, 240
39, 356
51 , 223
57, 425
23. 308
8, 036
38, 598
43, 525
52, 425
71,740
24, 457
12,930
44, 995
41,361
52, 578
67, 450
23, 493
13, 090
42,181
42, 994
48, 447
78, 193
30, 744
10, 251
35, 240
47. 695
44, 664
57, 997
25, 671
5, 860
31,191
38, 758
43,122
70, 382
23, 175
14 287
06 161
50, 009
51, 081
59, 732
21,776
4 148
31, 025
47, 814
48 415
65,235
19, 871
7,870
30, 421
44, 799
48, 522
65, 594
28, 638
2,552
33, 447
42, 230
60, 547
Sugar
do
Wool and mohair, unmanufactured
do
Nonasricultural products total
do
Furs and manufactures
do
Nonferrous ores, metals, and manufactures,
total
thous ofdol
Copper, incl. ore and manufactures. ..do._.-_
Tin including ore
do
Paper base stocks
do _
Newsprint
- do
Petroleum and products
do _
CQO 1 flf\
901 100
TRANSPORTATION AND COMMUNICATIONS
TR AN SPORTATION
Airlines
Operations on scheduled airlines:
29,085
29, 318
30, 813
29, 780
25,316
Miles flown, revenue
thousands19, 085
18, 111
17, 173
21, 662
21, 182
Express and freight carried
short tons
11,902
10, 327
13, 620
11, 287
13, 087
Express and freight ton-miles flown thousands
5,124
4,541
5, 035
4,805
4,704
Mail ton -miles
flown
do
1,804
1,708
1,866
1.324
1,660
Passengers carried, revenue
do _
834, 685
859, 130
922, 856
835, 920
663, 767
Passenger-miles flown revenue
do
Express Operations
18, 895
17, 852
19, 377
18, 769
18, 007
Operating revenues
thous o f d o l
24
6
39
80
*18
Operating income
do
Local Transit Lines
10. 5231
10.4818
10. 5231
10. 4185
10. 2676
Fares, average cash rate
cents
1,105
1,117
1,048
1,173
1,045
Passengers carried revenue
millions
125, 700
127, 300
120, 500
129, 600
Operating revenues
thous. of doL_ 117,200
Class I Steam Railways
Freight carloadings (A. A. RO.'cf 1
4,039
3,785
3,152
3,233
2,700
Total cars
thousands
546
537
689
710
546
Coal
do
65
81
61
83
61
Coke
-do __
241
197
229
164
193
Forest products
do
178
216
198
247
182
Grain and grain products
do__
34
34
35
33
24
Livestock
- __do
452
330
216
65
101
Ore
- - - do
309
366
324
284
425
Merchandise 1 c 1
do
1,937
1,582
1,979
1,580
1,373
Miscellaneous
_ _ _ do
d
f Revised.
Deficit.
©Including Manchuria beginning January 1952.
cfData for March, June, September, and December 1951 are for 5 weeks; other months, 4 weeks.
32, 229
15, 543
9,739
4,612
1,861
914, 367
32, 551
17, 909
11,318
5,029
1,960
956, 974
31, 529
17, 853
11,165
4,938
1,895
934, 584
32, 144
19, 106
12, 203
5,717
1,878
919, 952
30, 290
17, 783
11, 492
5,993
1,664
812, 028
30, 973
19, 121
12, 444
7,966
1,571
834, 298
32, 221
18, 483
11,911
5,871
1,576
851 723
17,172
d2
17, 389
76
17, 845
146
18, 273
37
18, 725
65
22 746
44
20, 143
77
10. 5645
989
117,300
10. 6010
1,016
124, 800
10. 6642
1,012
114,800'
10. 6813
1,103
130, 200
10. 7032
1,072
127, 800
10. 8224
1,105
139, 200
10. 8808
1,071
128, 500
1 1 . 0560
1,012
2,992
444
63
168
212
27
356
268
1,454
3,291
589
66
194
217
34
361
296
1,533
4,142
755
79
227
254
69
422
368
1,967
3,478
653
64
189
219
73
312
304
1,664
3,155
642
66
175
210
51
202
285
1,524
3,522
7CO
82
198
240
46
118
331
1,747
2,828
627
66
165
197
34
70
263
1,405
2,886
587
65
172
195
33
76
294
1.463
SUKVEY OF CURRENT BUSINESS
April 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-23
1952
1951
Febru-
ary
March
April
May
June
July
August
Septem-
ber
October
Novem-
Decem-
January
ber
ber
Febru-
ary
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION-— Continued
Class I Steam Railways— Continued
Freight carloadings (Federal Reserve indexes):
Total, unadjusted
1935-39=100
Coal
do
Coke
do
Forest products
do. __
Grain and grain products
do
Livestock
do
Ore
_ _ _ d o _ _.
Merchandise 1 c 1
do
Miscellaneous
do
Total, adjusted
..
- _-do_ .
Coal
do
Coke
.-_ do
Forest products
do
Grain and grain products
do
Livestock
do
Ore
do
130
112
204
147
138
49
70
54
149
139
112
202
147
150
62
241
53
157
133
112
193
156
139
61
193
51
149
136
112
197
156
158
68
212
51
151
135
111
208
160
124
57
296
48
149
133
111
210
154
141
64
212
48
148
137
120
212
158
125
49
321
47
148
131
120
217
152
123
61
207
47
144
130
97
209
143
156
50
325
44
143
125
97
215
143
130
61
203
45
142
137
122
206
155
151
64
313
47
145
133
122
215
148
140
67
209
47
144
144
130
209
153
148
107
308
48
154
133
130
211
142
132
81
205
46
143
146
134
202
152
154
128
267
48
157
135
134
206
144
154
83
180
46
144
140
140
218
149
156
88
174
47
149
137
140
218
152
159
70
180
46
144
123
127
216
128
135
65
73
43
134
133
127
206
144
143
68
235
44
142
128
133
214
]«39
146
64
64
44
138
141
133
203
155
146
67
256
46
151
126
120
203
140
137
57
69
47
140
136
120
192
146
140
72
277
49
149
2,387
7
724
32, 365
24, 275
5,323
8,601
24
2,812
14, 603
9,484
3,815
8,300
1,203
434
9,858
4,760
3,929
21,677
15, 463
133
9,721
3,065
5,641
28, 062
13, 109
11, 928
8,613
2,716
4,873
4,422
1, 412
0
18,154
7,531
9,359
3,640
164
4
14, 902
4,181
9,231
2,593
86
19
19, 045
6,235
10, 168
3,375
203
4
8,586
2,459
5,311
7,855
1, 456
298
3,889
1,201
2,336
11, 255
3,396
1,859
3,906
1,430
2,014
8,185
1,012
2,084
3,992
1,747
1,550
875, 475
741,001
70, 569
679, 662
851, 445
722, 012
66, 762
668, 850
888, 716
752, 588
70, 657
693, 820
855, 753
710, 732
80, 641
677, 685
816, 812
674, 008
80, 602
683, 824
909, 945
758, 759
83, 830
700, 651
855, 929
716, 394
74, 092
660, 408
965, 552
816, 182
71, 129
699, 508
903, 864
743, 296
71, 795
672, 482
902, 695
689, 298
88, 238
649, 044
867, 034
712, 906
82, 343
685, 369
844, 966
704, 301
73, 470
649, 687
117, 550
78, 263
51, 187
112, 000
70, 595
44, 685
119, 977
74, 937
49, 225
114, 138
63, 930
50, 192
91, 053
41,935
16, 366
128, 412
80. 881
55,497
119, 797
75, 725
50, 255
144, 144
121, 900
97, 840
118, 479
136, 373
135, 172
95, 008
68, 058 ••1150,661
115, 598
66, 067
41, 363
119, 385
75, 895
854.2
716.8
71.4
783.1
71.1
38.9
872.7
738.6
69.1
799.7
73.1
40.7
855.1
719.1
71.5
793. 5
61.6
30.2
871.3
728. 5
77.9
795.4
75.9
44.0
818.4
682.7
73.9
774.8
43.6
12.9
854.3
712.2
74.8
806.5
47.8
16.0
873.2
734.3
74.4
793.9
79.3
49.5
897.0
751.2
72.7
818.2
78.8
47.2
907.1
745.5
75.1
818.0
89.1
56.3
925.4
727.0
86.6
778,7
146.7
113.9
59, 069
1.325
2,718
56, 908
1.337
2,583
58, 764
1.342
2,638
56, 643
1.323
3,093
53, 284
1.333
3, 190
60, 017
1. 326
3,287
58, 131
1.298
2,918
61, 838
1.374
2,718
56, 740
1. 369
2,697
52, 664
1.372
3, 354
54, 700
1. 367
3,089
54, 089
6,860
4,216
2,644
8,250
4,660
3,590
9,299
5, 216
4,083
10, 161
5,980
4,181
10, 060
5,725
4,334
2,433
1,032
2,713
1,237
2,668
1,360
2,695
1,286
2,632
1,170
2,599
1,280
2,774
1,179
2,685
1,210
2,729
1,289
2,571
907
2,915
1,205
2,637
1,004
2,619
1,011
5.97
'79
224
5.83
78
214
6.36
82
244
5.79
81
251
6.32
81
252
6.03
75
219
6.68
79
243
6.58
83
246
6.79
85
244
6.83
77
243
6.18
65
218
6.37
77
242
6.39
79
240
59, 093
57, 074
1,635
12, 654
17, 067
259
63, 969
64, 845
1,661
15,360
26, 113
376
60, 854
57, 982
1,686
14, 537
30, 227
541
51,413
57, 981
1,809
17. 945
35, 678
920
58, 967
82, 696
2,211
23, 605
39, 653
2, 107
95, 978
75, 493
86, 849
51, 862
65, 535
46, 549
17, 943
27, 411
3, 547
18, 020
24, 670
3,474
19, 001
17, 398
1,681
25, 847
19, 602
842
18, 364
353
17, 592
216
27, 374
267
27, 806
336
823
8,666
883
9,264
805
8, 500
766
8,075
850
10, 363
766
9,299
787
9, 531
785
9,567
794
9,663
788
9, 579
780
9,531
985
12, 072
301, 961
181, 037
99, 495
209, 150
39, 475
38, 803
319, 021
185. 045
111, 979
222, 296
41, 444
39, 029
312, 404
184, 934
105, 507
216, 413
41, 242
39, 213
318, 790
185, 965
110, 775
226, 647
40, 391
39, 406
318,428
186,004
109, 396
222, 998
40, 418
39, 555
317, 948
185, 072
110, 185
232, 641
35, 505
39, 707
326, 328
187,231
116,208
235, 864
37, 815
39, 889
320, 205
188, 477
108, 331
225, 658
29, 429
40, 066
335, 579
194, 221
117, 636
238, 005
38, 970
40, 279
334. 449
196, 380
' 113, 990
235, 785
39, 647
40, 451
341,381
199, 422
117,526
242, 793
40, 855
40, 679
339, 151
198, 907
115,814
240, 030
39, 077
40, 127
14, 545
12, 924
764
16, 391
13, 996
1,521
15, 014
13, 282
882
16, 235
14, 199
1,157
16, 072
14, 033
1,173
15, 422
15, 127
*669
16, 360
15, 057
456
15, 725
14, 623
371
17, 173
15, 009
1, 395
16, 120
14, 679
720
17, 423
15, 548
1,317
16, 789
15, 191
717
2,180
1,642
337
2,326
1,683
427
2,215
1,638
364
2,227
1, 736
267
2,149
1,693
241
2,082
1,768
106
2,142
1,712
224
2,184
1,674
315
2.366
1,665
509
2,235
1,669
378
2.448
1,730
517
2,199
1,752
236
2, 302
1,838
350
2,476
1, 954
409
2,350
1,895
332
2,491
1,968
394
2,456
1,982
347
2.375
1,974
283
2,455
1,984
365
2,453
1,946
400
2,569
2,022
441
2,532
2, 036
388
2,726
2, 156
495
2,669
2,099
443
119
114
197
137
131
44
60
46
133
129
114
186
143
134
55
241
48
141
Merchandise, 1. c. 1
_ _ do
Miscellaneous
_ . _ ._
do
Freight-car surplus and shortage, daily average:
2,680
Car surplus total
number
87
Box cars
do
572
Gondolas and open hoppers
_do___
29, 977
Car shortage, total
do
19, 449
Boxcars
_
_.do __
8,518
Gondolas and open hoppers
. _ _ do.__
Financial operations (unadjusted):
r
715, 826
Operating revenues total
thous. of dol
600, 157
Freight
do
63, 836
Passenger
do
T
609, 324
Operating expenses
-- do_ _
Tax accruals, joint facility and equipment rents
thous. of dol— «•r 87, 525
18, 978
Net railway operating income
do
d
S, 518
Net incomet
do
Financial operations, adjusted: §
783.4
Operating revenues, total
mil. of dol
653.6
Freight
do _
70.7
Passenger
do
742.5
Railway expenses
do
40.9
Net railway operating income
do
10.9
Net income
do
Operating results:
48, 367
Freight carried 1 mile
mil. of ton-miles
1,308
Revenue per ton-mile
_ _ _ cents
2,415
Passengers carried 1 mile, revenue
millions. _
Waterway Traffic
Clearances, vessels in foreign trade:
Total U. S. ports . _ _ _ _ _ -thous. of net tons__
Foreign
do
United States
_ _ _ _ . __do _
Panama Canal:
Total
thous. of long tons__
In United States vessels
do
Travel
Hotels:
Average sale per occupied room__
dollars.
Rooms occupied
percent of total
Restaurant sales index
same month 1929= 100. _
Foreign travel:
T). S. citizens, arrivals
number..
U S citizens departurescf
do
Emigrants
_
__ _
do
Immigrants
_do _.
Passports issued
do
National parks, visitors
thousands.Pullman Co.:
Revenue passenger-miles
__
millions
Passenger revenues _
thous. of doL
r
74, 203
86, 087
r
COMMUNICATION S
Telephone carriers:©
Operating revenues
thous. of doL
Station revenues
_ __ . _ _
__ do
Tolls, message
do
Operating expenses, before taxes
._ .do
Net operating income
do
Phones in service, end of month
thousands. _
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
. thous. of dol
Operating expenses, incl. depreciation
do
Net operating revenues
do
Ocean-cable:
Operating revenues
do
Operating expenses, incl. depreciation
do
Net operating revenues
do
Radiotelegraph:
Operating revenues
do
Operating expenses, incl. depreciation
do
Net operating revenues .
do
r
r
«• Revised.
v Preliminary.
<* Deficit.
J Revised data for January 1951, $56,295,000.
* Revised 1951 monthly average, based on annual total, $57,756,000.
§ Discontinued by the compiling agency after December 1951.
d*Data exclude departures via international land borders; land-border departures during the 12 months ended June 1950 amounted to less than 1 percent of total departures.
QData relate to continental United States. Beginning January 1952, data for several small companies, not previously covered, are included.
SUEVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
April 1052
1951
Febru-
March
April
May
June
July
August
September
October
November
December
January
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production: J
Ammonia, synthetic anhydrous (commercial)
146, 664
133, 871
147, 289
147, 560
146,915 132,158 146, 592
155, 913
161 681
158 848
147. 508
156, 692
short tons
4, 352
5,342
6,566
4,092
6,792
900
6,196
Calcium arsenate (commercial)
thous. of Ib
0)
0)
0)
0)
0)
50, 035
62, 557
65, 421
60, 225
65,310
64, 514
68, 170
69, 095
71,011
67, 255
69, 730
72, 178
Calcium carbide (commercial)
short tons
Carbon dioxide, liquid, gas, and solid
r
86,012
112, 008
144, 006
142, 232
152, 704
67, 078
168, 738
139, 608
82, 064
120, 770
96, 716
88, 296
thous. of Ib
182, 994
209, 024
200, 298
202, 693
207, 106
210, 477
212, 083
215,729
224, 250
219, 250
228, 949
230, 271
Chlorine gas
short tons
58, 461
50, 944
57, 043
57, 467
57, 072
57, 111
59, 639
56, 005
56, 881
59, 920
58, 222
60, 182
Hydrochloric acid (100% HC1)
do
(i)
(i)
4,672
2,670
1,838
5, 082
318
3 194
818
3 970
Lead arsenate (acid and basic)
thous of Ib
1, 152
0)
118,132
124, 402
116,122
125, 732
115,286
115, 398
132, 286
124, 304
135 516
133, 790
140, 976
123, 996
Nitric acid (100% HNOs)
short tons
1,812
1,542
1, 819
1,863
1,748
1,799
1,829
2,019
O \ycen (high purity)
mil. of cu. ft
1,967
1,938 r 1,934
1,824
152, 577
141,496
163, 673
157, 086
147, 392
157, 760
151, 677
154, 060
153 463 151, 508
Phosphoric acid (50% HsPOi)
short tons
153 432
163 038
Soda ash, ammonia-soda process (98-100%
461,412
439, 773
402, 517
458, 217
434, 399
434, 892
374, 204
367, 380
389, 487
403, 028
430, 622
Na^COs)
short tons.
419, 987
11,321
12, 171
11,858
9,936
11,011
10,388
10, 276
10, 834
11, 276
1 0, 550
10, 660
Sodium bichromate and chromate
do
10 966
252, 169
262, 881
258, 596
252, 282
227, 178
269 387
272 799
256 713
263 320
Sodium hydroxide (100% NaOH)
do
259 727
275 224
262 683
Sodium silicate, soluble silicate glass (anhy45, 132
47, 602
53, 338
41 , 210
51, 485
43 268
drous)
short tons
35 730
49 485
45 705
42 666
46 978
48 116
Sodium sulfate, Glauber's salt and crude salt
83, 339
77, 452
79, 517
81, 196
75, 267
72, 396
69, 408
72, 078
74 974
80, 037
75, 057
cake
short tons
81 120
Sulfuric acid (100% H 2 SO 4 ):
1,051,034 1, 172, 100 1,133,353 1,151,068 1 , 066, 421 1,077,216 1,074 257 1, 046, 075 1,099,964 1,130,831 1, 179, 263 1, 162, 748
Production
do
Price, wholesale, 66°, tanks, at works
20.00
20.00
20.00
20.00
20.00
20.00
20.00
dol. per short ton_.
20.00
19.90
20.00
20.00
20.00
Organic chemicals:
Acetic acid (synthetic and natural), production
43 767
42, 176
36, 941
43, 069
43, 224
39, 457
34 874
thous of Ib
39 309
37 952
35 262
37 711
40 778
85, 553
84, 358
88,816
70, 155
82, 968
67, 032
86, 343
71,798
Acetic anhydride, production
do
86, 306
86, 070
59, 358
85, 593
1,078
1,013
1,283
1,090
1,007
952
Acetylsalicylic acid (aspirin"), production do
799
945
1,056
1,040
1 185
1 134
Alcohol, ethyl:
35, 722
46, 173
34, 721
37, 740
35, 767
Production
thous of proof gal
35, 563
40, 945
39, 732
47, 336
42 253
40, 477
44 599
59, 664
65, 982
91, 087
71, 001
99, 684
101, 740
101, 244
103, 927
89, 377
Stocks total
do
91, 184
94, 742
107' 722
In industrial alcohol bonded warehouses
72, 221
57, 322
62, 087
59, 568
74, 411
thous. of proof gaL..
71, 103
66, 465
59, 298
77. 190
61, 803
58, 960
73, 525
18, 866
8,914
25, 273
2,342
6,414
In denaturing plants
do_ _
24, 054
30, 636
37, 462
30, 079
29, 381
35, 782
34 196
52, 914
52, 564
43,611
30, 146
39, 879
Used for denaturation f
_ do.
39, 924
43, 362
42, 072
45, 582
43, 655
48, 919
42, 509
1,721
2,051
2,952
1,178
3,881
3,595
Withdrawn tax-paid
do
3,016
3,161
2,417
2,258
1,992
3 033
Alcohol, denatured:
28, 204
21,438
16, 287
28, 063
21,421
23, 322
Production
thous. of wine gal
23, 348
23, 723
22, 464
24, 416
22 757
26 106
21,993
27, 498
23, 740
22, 392
16, 340
20, 448
Consumption (withdrawals) . _. _ _ do .
22, 381
27, 232
24, 186
21,944
24, 752
21 030
8,714
8,944
8, 795
1, 533
2,517
Stocks
do
10, 252
9, 762
6,645
7,477
8 333
10 875
10 476
12, 971
11,668
12,997
12,708
11 822
Creosote oil production
thous of gal
11 677
11 186
12 051
12 301
11 293
11 783
10 635
7,861
10, 463
9,235
Ethyl acetate (85%,), production
thous. of lb._
9,307
7,315
5,441
5,697
8,144
6,479
3,887
4^359
6,134
Glycerin, refined (100%, basis):
High gravity and yellow distilled:
7,603
7,882
7,753
8, 635
Production
thous of Ib
5 529
6 314
6 061
5 129
4 849
3 661
6 192
5 416
7,541
8,211
7,629
Consumption
do
7, 591
7,173
6 072
5,677
6 405
6,718
5 087
5 798
6 976
18, 820
17, 204
18, 644
19, 026
18, 664
15, 556
14, 735
15, 623
Stocks
do. _
15, 284
17,297
16 219
16 165
Chemically pure:
13, 299
13, 499
11,098
14, 326
Production
_ _ _
_ __ do_ __
10, 575
10, 540
6,970
11, 747
11, 078
9,681
11 529
10 676
7,473
8,423
8,263
7,003
6 714
Consumption
do
7,687
7,874
6 324
6 947
7 305
6 407
7 976
27,411
26 046
23 580
27, 399
27 787
25 943
26 524
24 914
26 884
Stocks
do
24 883
25 483
26 582
Methanol, production:
160
174
159
156
180
172
176
Natural (100%)
thous of gal
193
180
115
192
175
15, 278
14,614
13, 200
15,349
14, 759
15,431
14 845
15, 950
16, 503
Synthetic (100%)
do
17 °24
15 536
14 226
21, 141
21, 437
22, 114
19, 035
Phthalic anhydride, production
thous. of lb_.
19, 678
18, 883
21, 524
21, 773
19, 926
21, 241
20 694
18' 844
20.00
42, 421
94, 645
58, 971
35, 673
44, 935
1,788
24, 060
21.388
13 608
5 647
5 521
17 447
11 113
7 219
26 685
FERTILIZERS
Consumption (14 States) §
Exports, total
._
Nitrogenous materials
Phosphate materials
Potash materials
thous. of short tons..
_ _ short tons. _
do
do
do
r
I , 302
151,354
16, 181
117, 286
8,846
1,622
209, 649
15, 430
177, 554
8,399
1,407
244, 818
17, 176
201,917
13, 407
994
285, 768
27, 532
238, 165
7,286
509
217, 760
23, 433
176, 300
8,812
349
297,010
13, 139
259 668
11, 585
494
235, 053
16, 570
183 344
14, 197
708
315, 160
26, 483
267 Oil
8,854
742
220, 305
27, 772
130 159
6,772
604
217, 188
27 632
152 980
5,433
1,153
201, 552
20 560
154 761
9 056
282, 314
259, 450
283, 809
225, 683
215, 065
151, 837 194, 530
212, 781
128, 087
165, 929
226, 829
Nitrogenous materials, total
do
137. 981
128 Oil
79, 692
94, 291
74, 451
58, 676
74, 874
98, 278
Nitrate of soda
__
do _
33, 065
58, 487
12, 034
8, 918
7,786
7,936
14, 594
Phosphate materials
do
7 871
17 154
31, 105
23, 122
Potash materials
do
77, 413
63, 701
47, 929
52 158
37 152
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
53.50
53.50
port warehouses
dol. per short ton._
53.50
53.50
53.50
53.50
53.50
115,369
Potash deliveries
__shorttons.
105, 636
128, 661
110, 777
101. 663
106, 134
112 498
Superphosphate (bulk) :
968, 233 1, 107, 048 1,052,257 1,031,919
Production
do
872, 133
816, 669
845, 079
1,125,418 953, 785 832, 185
918, 991 1,093,308 1 , 239, 318 1, 261, 020
Stocks, end of month
do
147, 137
89,105
41, 768
10 798
37 708
190, 238
121, 334
53, 401
1,962
54 721
155
105
36
9
28
168
101
41
14
44
315
247
54
8
50
53.50
113 326
53.50
114 311
57.00
119 074
302
300, 139
25, 762
262 569
9.049
601
877
395
210
131
737
457
780
797
934
57.00
121 535
1,190
524
554
651
588
133
57.00
114 903
57.00
123 582
809,273 918, 550
952, 045
891,033 962, 247 1, 035, 890
1,238,246 1,183,481 1,163,982 1,251,797 1, 293, 330 1, 214, 609
NAVAL STORES
Rosin (gum and wood):
Production, quarterly total
drums (520 Ib.)
433, 180
569 450
579 940
507 600
Stocks, end of quarter..
. __. do. __
558, 580
601,000
665^ 530
748 700
Price, gum, wholesale, "WG" grade (Sav.), bulk
8.90
dol. per 100 lb_.
8.90
8.90
8.90
8.90
8.23
8.33
8.67
9.07
9.40
9.40
9.40
8.05
Turpentine (gum and wood):
Production, quarterly total
__bbl. (50 gal.)__
141, 200
193, 220
195, 260
167 540
Stocks, end of quarter
do
128, 760
152, 490
179, 300
197 630
.92
.92
Price, gum, wholesale (Savannah) __dol. per gal._
.92
.79
.78
.73
.68
.75
.80
.80
.80
.80
.76
r
Revised.
i Not available for publication.
§ Figures exclude data for Virginia; effective January 1951, this State reports quarterly. Data for Virginia, 1951 (thous short tons) •
January-March, 296; April-June, 286; July-September, 91; October-December, 111.
tRevised series. Data shown prior to the November 1951 SURVEY represent alcohol withdrawn for denaturation.
JRevised data for January-October 1950 are available upon request.
SURVEY OF CURRENT BUSINESS
April 1952
S--25
1952
1951
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
February
March
April
May
June
July
August
September
October
November
December
January
1,591
62, 244
1,164
53, 297
1, 325
55, 512
February
CHEMICALS AND ALLIED PRODUCTS—Continued
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting powder
High explosives
Sulfur:
Production _
Stocks
thous. of lb__
do
1,407
49, 211
985
54, 277
936
59, 128
743
63,285
787
60, 687
768
56, 451
946
65, 264
1,276
62 425
1,610
68 033
1,193
59 669
409, 377 453, 685 419,312 438, 843 421, 116
435, 828
433, 871
458, 025
448, 842
462, 701
412,481
long tons418, 655
459, 805
do _ 2, 759, 837 2, 796, 784 2, 750, 305 2, 711, 267 2, 719, 821 2, 669, 635 2, 665, 801 2, 754, 129 2 782,423 2, 805, 902 2, 837, 432 2, 851, 214 2, 883, 571
FATS, OILS, OILSEEDS, AND
BYPRODUCTS
Animal fats, greases, and oils:
Animal fats:
286, 747
318, 211 308, 408 326, 209
308, 257
279, 284
297, 887
281 549
378, 755
387 109
Production
thous. of Ib
398, 619 r 417, 530
327 893
145, 597
117,406
121, 909
148, 635
101, 144
96, 644
121,614
117, 213
72, 754
103,387
Consumption, factory
do
112, 690
98. 302
116 026
302, 854
329,625
266, 213
261, 037
303, 436
327, 037
266, 198
273, 326
277, 129
258, 887
269, 893
Stocks, end of month
_
_ do_
270, 761
261, 850
Greases:
51,119
54, 892
51, 696
48, 086
58, 013
56, 659
58, 919
58, 217
47, 222
52, 630
46, 862
Production
do
54 642
49, 801
58, 455
55, 344
45, 248
47, 750
48, 118
42, 189
42, 173
40, 841
41,551
28, 110
42, 855
Consumption, factory
do _
44, 277
46, 782
103, 801
94, 507
100, 465
105, 938
88, 661
82, 568
86, 779
Stocks, end of month
_
do
101, 780
110,682 103, 919 104, 574
113,378
113,712
Fish oils:
836
900
169
9,189
2, 305
716
890
19, 082
Production
_
_ _
do
25, 463
18, 789
16, 612
2,297
25, 240
9,840
8,578
14, 780
13,634
10, 194
9,089
11, 543
10, 443
11, 508
Consumption, factory
_ _ _ do
8,925
10, 918
11, 477
9,993
82, 084
68, 295
63, 177
54, 817
102, 999
96, 437
45, 921
79, 494
75, 111
62, 053
104, 219
97, 846
Stocks end of monthcf
do
109, 630
Vegetable oils, oilseeds, and" byproducts:
Vegetable oils, total:
'584
474
519
428
552
501
371
604
420
396
440
616
Production crude
mil. of Ib _
330
484
509
434
484
529
518
398
342
478
358
377
487
Consumption, crude, factory
_ _ do_
277
Stocks, end of month:
1,279
1,077
1,284
1,055
1,051
1,202
1,251
1,062
1,028
1,021
1,005
1,026
1,100
Graded1
do
504
349
455
410
442
436
556
400
368
329
250
292
255
Refined
do
39, 913
30, 036
47, 188
61, 234
97, 151
58, 618
63, 880
61, 065
83, 367
74, 267
52, 833
Exports
thous. of Ib
83 843
39, 332
44, 440
36, 391
35, 813
46, 727
36, 723
45, 093
30, 308
19, 636
33, 087
27,157
Imports total
_ _ _ _ do_
28, 433
1,886
442
2,430
1,674
5, 036
4,619
7,677
1,245
3,989
2,285
2 415
2,869
Paint oils
do
32, 402
35, 371
37, 446
42, 010
41, 691
32, 104
28, 634
37, 415
24, 872
18, 391
30, 218
All other vegetable oils
_
_
do
26 019
Copra:
29, 697
28, 859
30, 476
37, 616
38, 365
26, 769
29, 807
33, 340
22, 047
35, 774
29, 539
Consumption factory
short tons
37, 297
37 219
40, 324
21, 546
25, 202
34, 241
30, 386
22, 926
21,063
27, 492
20, 732
26, 334
21,161
21, 643
Stocks end of month
do_ _
25 462
41,011
34, 681
57, 897
41, 987
31, 787
31, 621
21, 716
29, 661
28, 100
31 978
46, 183
35 147
Imports
do
Coconut or copra oil:
Production:
36, 929
38, 132
37, 531
49, 264
35, 112
37, 492
48, 080
42, 026
27, 903
44, 976
37, 410
Crude
thous. of Ib
48, 133
47 172
22, 714
25, 683
23,224
27, 987
31, 844
28, 277
26, 499
31, 625
17, 645
24, 983
26, 578
28, 028
Refined
do_ _
28, 270
Consumption, factory:
36, 159
49, 398
56, 197
42, 364
48, 214
45, 747
39, 206
39, 710
47, 698
28, 911
44, 475
39, 645
45, 564
Crude
- _ _ _ do _
24, 438
20, 254
25, 099
27, 784
24, 108
22, 459
27, 486
27, 626
25, 060
15, 631
22,336
25, 348
Refined
_ _ _ _ _ _
do
27, 305
Stocks, end of month:
1
92, 073
82. 279
82, 143:
93, 482
94, 075
84, 528
103, 572
101, 745
106, 153
74,804
61, 932
85, 024
85, 006
Graded
- do
11, 505
8, 839
9,103
8,342
9, 863
12, 813
10,336
8,469
10, 239
9,322
6,995
7,207
Refined
do
6 809
12, 645
9, 718
7, 173
10,311
13, 336
12, 696
7,018
5,701
3,899
9,493
3,825
5 362
Imports
- - do__
Cottonseed:
1,006
322
56
24
37
15
598
162
15
1,054
1,587
Receipts at mills
thous. of short tons
68
556
653
319
164
229
96
776
688
536
117
Consumption (crush)
do _
72
541
838
199
1,935
575
244
1,881
1,140
1,515
393
142
70
1,705
66
935
Stocks at mills end of month
do
422
Cottonseed cake and meal:
303, 841
249, 374
106, 323
361, 949
74, 216
48, 437
43, 989
319, 884
32, 880
250, 122
387, 447
Production
_
short tons__ 144, 994
92, 222
60, 316
165, 276
55, 430
55, 286
94, 795
89, 767
56, 737
130, 717
105, 949
72, 854
71, 645
70, 841
Stocks at mills end of month
do
57 343
Cottonseed oil, crude:
244, 053
206, 005
172, 478
103, 897
77, 628
54, 719
34, 127
38, 305
24, 271
257, 819
218, 547
166, 505
Production
_
. _ __thous. oflb
60, 200
184, 843
186, 292
172, 495
152, 672
188, 644
87, 973
22, 329
20, 121
60, 610
48, 528
30, 018
90, 010
Stocks end of month
do_
29, 133
Cottonseed oil, refined:
182, 865
186, 793
164, 076
110, 864
65, 744
54, 149
35, 473
95, 400
24, 446
96, 085
185, 037
173, 826
Production
- _ do
40, 499
64, 121
118, 578
117, 870
92, 265
76, 811
135, 226
62, 876
63, 388
100, 550
63,465
125,071 122, 100
Consumption, factory
do
97, 735
35, 335
19, 203
44, 497 4 35, 623
23, 196
19, 644
32, 583
35, 858
23, 497
18, 355
21,210
36, 816
In oleomargarine
do
30 583
4
147, 024
194, 120
279 881
336 814
383 410
226 525
231 652
226 997
102 715
225, 137
204 544
154 868
Stocks end of month
do
98 103
.305
.203
.328
.248
.241
.218
.220
.323
.323
.213
Price, wholesale, drums (N.Y.)*___dol. per lb__
.218
.217
.220
Flaxseed:
3 33, 802
Production (crop estimate) __
thous. of bu
Oil mills:
3,186
3,739
3,376
3,484
3,700
2,298
2,243
2,580
2,810
2,854
Consumption
_ _
do _
3,149
3,022
2,943
5,245
5,579
8,075
6,109
5,565
3,654
5,844
6,831
6,407
5, 547
4,429
7,098
3 259
Stocks end of month
do
(3)
0
0
0
0
0
0
0
0
0
0
0
Imports
do
(3)
4.54
4.84
4.89
4.68
3.68
4.23
3.42
3.83
4.56
4.33
Price, wholesale, No. 1 (Minn.)...dol. per bu__
4.16
3.41
4.40
Linseed oil, raw:
63, 724
74, 953
74, 079
46, 857
67, 511
70, 002
52, 120
44, 020
63, 396
Production
thous. of lb__
57, 057
59, 964
54, 981
60, 500
59, 405
68, 186
40, 462
60, 317
61, 588
60, 826
42, 363
41,734
Consumption, factory
_
_ do_ _
44, 027
46, 650
46, 173
52 352
50, 091
623, 490
633, 674
635 184
652 657
608, 807
601, 736
620, 535
634 748
652 696
659 688
Stocks at factory end of month
do
605 329
638 785
640 760
.242
'.235
.212
'.237
.201
.181
.210
.195
.240
Price, wholesale (N. Y.)
dol. per lb__
.169
.209
.159
.197
Soybeans:
2 280, 512
Production (crop estimate)
thous. of bu__
24, 737
17,842
14, 721
23, 036
Consumption, factory
do
22, 470
21, 918
21, 260
17, 759
18, 797
23, 179 ' 24, 046 22, 404
21 556
r
62, 798
50, 901
72, 988
42, 192
33, 367
22, 706
4,274
58, 356
68, 052
49, 465
53, 983
Stocks, end of month
do
61, 848
9,715
Soybean oil:
Production:
r
176, 839
224, 834
221, 400
234, 386 222, 247
215, 973
240, 426
212, 077
209, 264
176, 357
148, 658
214, 799
187, 910
Crude
thous. of lb_
139, 124
201, 472
130, 391
143 782
149, 822
180, 626
171, 360
163, 260
120, 792
179 073
180. 217
154, 263
136 668
Refined
do
165, 942
141,076
157, 851
134, 597
127,916 147, 351 136, 660
134, 518
Consumption, factory, refined
- _do
162, 202
116,315 148, 240
159, 187
168, 379
Stocks, end of month:
124, 800
121, 135
125, 870
116, 683
164, 529
240, 510
131, 235
130, 692
107, 383
90, 907
197, 346 T 230 950
Crude
do
107, 993
119,641 113, 715
75, 261
79, 870
97, 092
103, 120
70, 495
95, 790
129, 607
95, 343
73, 602
83, 920
85, 236
Refined
do
.225
.195
.266
.278
.199
.179
.165
.155
.258
.191
.190
Price, wholesale, edible (N. Y.)
dol. per lb__
'.278
.206
2
3
4
' Revised.
* No quotation.
December 1 estimate.
Less than 500 bushels.
Includes stocks owned by Commodity Credit Corporation.
* New series. Compiled by the 17. S. Department of Labor, Bureau of Labor Statistics. The price for January 1951 is $0.318; data prior to January 1951 will be shown later,
cf Data for crude palm, coconut, castor, and sperm oil are excluded from the pertinent items for June-August 1950; beginning September 1950, these oils have been restored on a commercial,
stocks basis.
SURVEY OF CUREENT BUSINESS
S-26
April 1952
1952
1951
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
Febru-
ary
March
April
May
June
July
August
Septem-
ber
October
Novem-
Decem-
ber
ber
94 979
17, 704
96 240
18, 830
January
Febru-
ary
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS, OILS, ETC.—Continued
Vegetable oils, oilseeds, etc.— Continued
Oleomargarine:
Production
thous of Ib
Stocks (factory and warehouse)
__do_ __
Price, wholesale, vegetable, colored, delivered
(eastern U. S.)*
dol. perlb..
Shortenings and compounds:
Production
thous. of Ib
Stocks, end of month
do
79, 493
21,811
91, 137
22, 987
r
71,393
20, 066
80, 344
17, 959
70 927
19, 529
69, 436
17, 451
86, 286
17, 022
85 074
16, 461
98 219
19, 218
128 145
17, 485
114, 051
24,951
.351
.351
.351
.342
.326
.299
.291
.290
.290
.290
.289
.289
.26£
138, 518
99, 623
112,025
123, 554
98, 840
152, 844
106,416
151, 602
86, 770
140, 550
80, 203
114, 434
126, 290
104, 682
109, 636
97, 018
136, 469
94, 231
131. 721
93, 110
116, 509
101, 441
128 313
94, 405
131, 04C
91,89C
99, 792
90, 969
37, 361
53, 608
8,823
113, 436
103, 693
44, 387
59, 306
9,743
106, 060
96, 651
41, 786
54, 864
9,410
110,639
100, 175
41,357
58, 817
10, 464
104, 690
94, 523
38, 871
55, 651
10, 167
93, 504
84, 677
34, 604
50, 073
8,827
101, 992
92, 251
38, 449
53, 802
9,741
88,697
79, 721
33, 940
45, 781
8,976
97,960
88, 505
39, 134
49, 371
9,454
83, 492
75, 731
34, 406
41,324
7 761
69, 628
63, 199
28, 747
34, 452
6,430
2,589
5,802
668
1,056
32, 541
21, 717
17, 360
31,813
28, 224
10, 882
14, 264
2,986
6,215
807
1,252
39, 852
25, 162
21, 460
37, 880
33, 891
11, 996
16, 563
3,261
6,707
695
1,044
37, 586
25, 498
22, 342
39, 260
32, 576
10, 805
14, 040
2,895
6,100
726
1,152
39, 532
27, 236
18, 475
39, 734
32, 008
9,433
16, 140
2,892
6,274
749
887
37, 112
27, 115
17, 046
39, 209
32, 176
6,914
15, 661
3,062
5,766
508
801
33, 671
30, 492
13, 823
39, 531
28, 514
6,434
12, 523
2,699
5,204
645
1,153
32, 477
32, 279
16, 218
39,111
30, 347
4,601
15, 030
2,668
4,440
398
1,050
33, 054
30, 372
14, 561
39, 154
26, 168
5,643
15, 447
2,431
4,564
615
919
41, 142
29, 534
16, 179
41, 898
27, 394
6,546
16, 146
1,713
3,382
508
796
35, 859
28, 620
14, 343
40 596
26, 048
6 883
14 920
2,526
2,894
467
507
28, 970
26, 467
12, 961
42 028
24, 929
6 729
15 169
2 957
4,243
521
734
33, 359
27, 395
14, 809
43, 446
28 574
6 588
15 860
PAINT SALES
Paint, varnish, lacquer, and filler, total
thous. of dol
Classified, total
do
Industrial
do
Trade
- -- do _
Unclassified
do
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets, rods, and tubes
thous. of Ib
Molding and extrusion materials
do _
Nitrocellulose, sheets rods, and tubes
do
Other cellulose plastics
do
Phenolic and other tar acid resins
_do
Polystyrene
do
Urea and melamine resins
_
_do_ _ _
Vinyl resins §
do
Alkyd resins §
_do_ _ _
Rosin modifications
do
Miscellaneous resins §
_
do
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total?
mil. of kw.-hr._
Electric utilities, total? __
do
By fuels?
do _
By water power? .
. _ do
Privately and municipally owned utilities?
mil. of kw.-hr._
Other producers ? _ _ _ - _ _
_. ..
do __
Industrial establishments, total?
do
B y fuels?
__
_
_ _
_do
Bv water power?
do
Sales to ultimate customers, total (Edison Electric
Institute)
_ __
mil. of kw.-hr__
Commercial and industrial:
Small light and power
do _.
Large light and power
_ __ _
_ _ _ do_ _
Railways and railroads
_ _
do
Residential or domestic
_ _
do_ _
Rural (distinct rural rates)
_
do
Street and highway lighting
_ _ __ do _
Other public authorities
do__ _
Interdepartmental
do
Revenue from sales to ultimate customers (Edison
Electric Institute)
thous. of dol__
33, 102
28, 219
20, 012
8,207
36, 172
30, 920
21, 699
9,221
34, 431
29, 293
20, 283
9,010
35, 136
29, 871
21, 334
8,537
34, 966
29, 840
21,819
8,021
35, 435
30, 392
22, 111
8,281
37, 510
32, 326
24, 510
7,816
35, 296
30, 275
23, 239
7,036
37, 775
32, 441
24, 893
7,548
37, 313
32, 095
24,017
8,079
38, 459
33 143
24 Oil
9,132
39, 710
34 203
24 302
9 901
36, 76*
31 536
22 07£
9 461
24, 156
4,063
4,883
4,469
413
26, 551
4,369
5,252
4,843
409
25, 246
4,048
5,138
4,683
455
25, 852
4,019
5,265
4,836
429
25, 778
4,062
5,126
4,736
390
25, 974
4,418
5,042
4,701
341
27, 638
4,689
5,184
4,861
322
26, 197
4,078
5,020
4,722
299
28, 224
4,217
5,334
4,993
341
27, 934
4, 161
5,217
4,872
345
28, 534
4,609
5 316
4,896
420
29,006
5 197
5 507
5' 042
465
26,717
4 81£
5 23$
4 76€
466
25, 966
26, 001
25,940
25, 467
25, 717
25,663
26, 725
26, 867
27, 032
27,479
28,275
4,652
12, 351
531
6,974
476
282
659
42
4,565
12, 772
541
6,593
546
279
654
50
4,556
12, 868
497
6,339
724
254
656
47
4,482
12, 937
465
5,949
708
231
648
47
4,683
13, 099
441
5,819
775
216
637
47
4,875
12, 729
422
5,779
952
223
637
47
5,012
13, 493
427
5,810
1,030
245
669
40
5,033
13,413
415
6,056
980
268
661
40
4,816
13, 832
446
6,185
720
302
688
42
4 858
13, 794
475
6,699
577
325
712
39
4 976
13, 724
527
7,439
520
347
699
43
467,200
460, 900
456, 779
451, 677
456, 313
457, 799
469, 300
476, 788
477, 608
488, 365
501, 340
GASf
Manufactured and mixed gas (quarterly) :
Customers, end of quarter, total
thousandsResidential (incl house-heating)
do
Industrial and commercial
do
Sales to consumers, total
mil. of therms
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 therms
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
8,981
8 362
613
1,144
794
332
8,840
8 228
606
817
503
302
8,230
7,667
557
594
315
269
8,044
7 491
549
829
522
290
175, 832
130, 335
44, 023
132, 496
95, 332
36, 057
101, 899
71, 134
29, 906
127, 909
92 138
34, 338
15 503
14, 204
1, 282
13, 333
5,924
7,112
555, 071
360, 834
187, 619
15 697
14, 431
1,249
10 484
3,009
7,125
382, 063
205 054
170, 256
16, 192
14, 923
1,251
8 666
1,257
6,988
269, 807
107, 811
154, 061
17 178
15 782
1,378
» 11 532
3' 728
7 413
452, 637
255 866
188 563
' Revised.
*New series. Compiled by 17. 8. Department of Labor, Bureau of Labor Statistics. Data prior to February 1951 will be shown later.
§ See note "1" in previous issues of the SURVEY regarding changes in classification and coverage beginning with data for January 1951.
?Data for 1950 for electric power have been revised; revisions for January-July will be shown later.
tRevised data. All sales data formerly expressed in cu. ft. are now published in therms by the compiling source; 1932-49 figures expressed in therms an£ minor revisions for customers and
revenue for 1932-44 will be shown later. Revisions for the first 2 quarters of 1950 are shown in the corresponding note in the October 1951 SURVEY.
SURVEY OF CURRENT BUSINESS
April 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-27
1951
Fe
u
a^ '
March
April
May
June
July
1952
August
September
October
November
December
January
February
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
Production
thous. of bbl
Tax-paid withdrawals
do
Stocks, end of month
__ ._ do
Distilled spirits:
Production
thous. of tax gal_.
Consumption, apparent, for beverage purposes
thous of wine gal
Tax-paid withdrawals
thous. of tax gal
Stocks, end of month -..
do _ _
Imports
thous of proof gal
Whisky:
Production.
thous. of tax gal. ._
Tax-paid withdrawals
do
Stocks end of month
do
Imports
thous. of proof gal
Rectified spirits and wines, production, totaled
thous. of proof gal_Whisky
_
do
Wines and distilling materials:
Sparkling wines:
Production
thous. of wine gal
Tax-paid withdrawals
do
Stocks, end of month__
do_ _
Imports
do
Still wines:
Production
do
Tax-paid withdrawals _ ._
do
Stocks, end of month
__do_ __
Imports
do
Distilling materials produced at wineries... _do
6,079
5,243
9,920
7,514
6,675
10, 334
7,481
' 6, 453
10, 921
8,410
7,703
11, 108
8,959
8,182
11, 344
9,009
8,480
11, 383
8,997
8,886
10, 930
7,032
6,995
10, 522
6,841
6,732
10, 211
6,142
6,410
9,506
6,284
A 077
%,240
6,967
6,442
9,307
6,601
5,601
9,897
28, 571
35, 339
28, 620
27, 893
25, 832
18, 774
16, 376
22, 214
34, 768
28, 840
19, 382
17, 026
15, 546
18, 161
13, 612
820, 129
1,316
15, 108
10, 280
843, 251
1,387
11, 674
5, 321
865, 207
1,277
13, 035
7,002
884, 516
1,309
13, 226
7,273
901, 106
' 1, 463
12, 615
7,021
910, 339
1,345
14, 688
8, 664
915, 424
1,327
16, 877
11,252
914, 577
1,766
22, 403
15, 671
911,925
2,557
15, 958
11, 058
917, 249
1,877
19, 427
7,746
925, 197
1,696
12, 038
6,592
932, 563
1,254
7,746
936, 386
16, 235
7,811
707, 673
1,160
19, 979
6,115
720, 713
1,247
14, 727
3,081
731, 674
1,155
15, 912
3,713
742, 589
1,209
13, 273
3,640
751, 233
1,368
9,763
3,686
755, 774
1,243
6,905
5,002
756,411
1,219
8,158
6,887
755, 457
1,628
10, 322
9,129
755, 041
2,209
10, 831
6 679
756, 521
1,714
10, 463
4,682
760, 803
1,516
9,548
4 095
765, 029
1,129
9,114
4 645
768 047
12, 238
11, 170
8,448
7,269
4,842
3,835
6,066
5,236
5,915
5,243
6,431
5,837
7,843
6,904
10, 375
9,501
12, 609
11,242
9,518
8,502
7,349
6,516
5,094
4,348
6, 052
5,394
149
66
1,327
35
68
78
1,306
39
195
53
1,437
38
180
82
1,525
36
117
84
1,550
50
59
56
1,546
33
149
71
1,617
38
67
95
1,585
43
46
133
1,484
72
80
178
1,385
115
118
173
1,316
98
141
76
1,365
41
1,717
9,680
166, 878
309
1,007
2,301
10, 609
158, 360
388
1,347
1,367
8,894
150, 513
412
926
1,565
8,409
142, 762
398
467
1,212
8,207
133, 978
363
417
1, 036
6,969
127, 386
260
602
4,102
8,573
120, 474
259
8,732
29, 039
9,879
139, 168
269
73, 107
77, 369
11,515
210, 588
424
150, 884
39, 076
12. 230
237, 581
538
87, 335
8,393
10, 877
231, 616
605
25, 981
2,892
10, 702
222, 662
391
6,654
80, 825
52, 507
.694
93, 400
33, 378
.671
103, 585
32, 207
.670
133, 425
42, 590
.701
142, 305
72, 598
.686
133, 775
104, 405
.675
120, 185
116, 790
.673
95,900
113, 501
.682
87, 815
94,611
.707
67, 515
59, 349
.740
71, 675
50, 045
160,621
137,397
9,063
91, 295
65, 495
155, 095
130, 655
4,477
102, 405
76, 295
169, 822
144,441
3,212
133, 755
103, 625
197,412
169, 553
2,639
143, 350
113, 520
234, 608
204, 009
2,757
127, 175
101, 505
262, 540
227, 199
2,454
111 005
86, 855
269, 564
233 788
7,419
91 945
69, 965
272, 053
239, 500
3 588
82 445
59, 005
259, 425
229, 561
3,288
64 750
42, 970
232, 968
204, 683
4,095
65 480
43, 130
222, 136
194, 784
3,863
.455
.437
.407
.414
.420
.408
.420
.410
.424
.431
16, 400
4,900
190, 500
22,000
4,200
257, 900
22, 225
4,200
290, 400
36, 000
5, 700
388, 500
34, 850
6,200
371, 900
23, 750
4,900
315, 300
20 475
4,375
264, 000
15 950
4,200
197, 000
14 875
4, 250
166, 500
8,668
82, 423
9,455
92, 258
8,298
149, 041
8,527
283, 708
8,796
426, 747
7,905
524, 514
7,171
543, 438
5 878
501,412
1,969
8,995
1,720
13, 874
2,961
22, 487
3,306
24, 368
5,664
32, 587
2,466
15, 596
3,195
27, 617
10.80
6.15
10.80
6.16
10.80
6.16
10.80
6.16
10.80
6.14
10.80
6.12
8,527
2,905
5.07
9,690
3,536
'5.09
10, 328
3,937
5.05
11, 856
5, 101
'5.01
12, 535
5,334
4.98
11, 700
41, 500
14, 950
54, 675
15, 600
70, 600
15, 650
101, 100
10, 868
23, 948
14, 703
27, 125
15, 792
44, 233
4,483
13, 653
6,613
18, 262
.133
.137
DAIRY PRODUCTS
Butter, creamery:
Production (factory) t
thous. of Ib
Stocks, cold storage, end of month
do
Price, wholesale, 92-score (New York).dol. perlb__
Cheese:
Production (factory) total J
thous of Ib
American, whole milk t
- - --do. _
Stocks, cold storage, end of month, total
do
American, whole milk
_
do_ _
Imports
do
Price, wholesale, American, single daisies (Chicago)
_ - _ . _ _ dol. perlb__
Condensed and evaporated milk:
Production: \
Condensed (sweetened):
Bulk goods
thous. of Ib
Case goods 0
__ do
Evaporated (unsweetened) , case goods_.-do
Stocks, manufacturers', case goods, end of month:
Condensed (sweetened)
thous of Ib
Evaporated (unsweetened)
do
Exports:
Condensed (sweetened)
do
Evaporated (unsweetened)
do
Prices, wholesale, U. S. average:
Condensed (sweetened)
dol. per case
Evaporated (unsweetened)
_ _ _ _ do ._
Fluid milk:
Production
mil. oflb
Utilization in mfd dairy products
do
Price, dealers', standard grade
dol. per 100 lb__
Dry milk:
Production: J
Dry whole milk
thous. of Ib
Nonfat dry milk solids (human food)
do
Stocks, manufacturers', end of month:
Dry whole milk
do
Nonfat dry milk solids (human food)
do
Exports:
Drv whole milk
do
Nonfat dry milk solids (human food)
do
Price, wholesale, nonfat dry milk solids (human
food) U S average
dol. per Ib
r
69, 945
27, 051
.791
77, 435
13, 874
'".SOS
77 385
7 663
.845
68 760
45, 810
193, 272
167, 824
4 895
70 670
47, 690
164, 162
141 942
.449
.444
436
12 350
4,650
133, 500
14 750
6 190
141, 700
13 600
6 550
157, 000
14 100
6 025
164, 850
6 957
448, 008
8,777
357, 311
9 185
225 988
6 585
140 611
7 388
74 505
2 616
26 573
1 463
12, 590
1 124
4,277
1 262
6 048
6 856
5 731
10.80
6.09
10 80
6.06
10 80
6.05
10 80
'6.08
10 80
6 19
10 80
6 25
10 80
6 34
11,829
4,845
5.05
10 713
4, 268
'5.12
9 464
3 407
5.20
9 025
3' 060
5.30
8 275
0 070
5.38
8 362
2 477
5.43
8 847
2 706
5.44
8 700
2 735
5.48
14, 325
108, 400
13 625
82, 050
9 775
66, 900
7 150
45, 425
6 115
35, 825
4 125
25, 930
5 955
35, 400
7 325
45, 250
6 900
50, 345
19, 181
76, 457
22, 240
110, 408
24 130
128,615
26 325
125, 340
25 511
109, 868
23 288
82, 219
19 612
56, 548
r 17 9i7
42, 265
16 765
29, 677
24,327
5, 085
12, 176
5,348
9,421
6,301
20, 927
5 369
24, 195
4 449
4,196
2 835
2,675
3 836
2,139
5 598
2,994
4 932
2,508
3 663
1, 639
.144
.145
.146
147
149
147
150
151
152
r
. 147
r
r
T
r
r
H
j?or
156
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
_ thous. of bu_
1 112 935
3,905
4,292
3,187
1,703
694
Shipments, carlot
__ _ _ _ no. of carloads254
206
4,169
1,126
3 634
2 836
2 449
2 040
12, 891
20, 135
6,931
2,844
Stocks, cold storage, end of month thous. of b u _ _
680
294
293
28, 375
7,684
28, 000
22,113
' 16, 014
10, 805
r
9,931
12, 083
11,027
12, 691
10, 459
Citrus fruits, carlot shipments no. of carloads. _
7,553
7, 195
6,332
6,201
7,743
11, 791
11, 548
10, 467
Frozen fruits, stocks, cold storage, end of month
361, 867
418, 666
thous. of l b _ _ 408, 361 390, 646
531, 090
573, 708
610, 299
599, 766
571, 229
489, 932
496, 386 r 465, 137
469, 895
Frozen vegetables, stocks, cold storage, end of
294, 223
272, 111 270, 206
month
thous. of lb__ 328, 520
290, 321 369, 311
445, 724
515, 766
554, 175
522, 076
498, 340 r 444^ 409
397,312
Potatoes, white:
Production (crop estimate)
thous. of bu_.
i 325 708
* ~
r
17, 455
23, 092
20, 847
21, 178
Shipments carlot
no of carloads
22, 596
12 931
11 589
12 373
18 291
19 079
16 073
18 556
Price, wholesale, IT. S. No. 1 (New York)
3.315
2.926
4.005
dol. per 100 Ib..
4.107
3.733
3.008
3.436
4.171
3.865
4.736
5.540
6.875
6. 660
' Revised.
1 December 1 estimate.
cf Figures beginning July 1951 exclude production of wines and vermouth; for July 1950-June 1951, such production totaled 99,000 gallons.
J Revisions prior to November 1950 are available upon request as follows: Beginning 1949 for butter, cheese, and nonfat dry milk solids; beginning 1950 for condensed and evaporated
milk and dry whole milk.
©Figures beginning 1950 represent whole milk only; earlier data cover both whole and skimmed milk.
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
April 1952
1951
February
March
April
May
June
1952
July
August
September
October
November
40, 444
47, 423
48, 504
i 254 668
8, 039
December
January j ™ru-
FOODSTUFFS AND TOBACCO—Continued
GRAINS AND GRAIN PRODUCTS
Exports, principal grains, including flour and meal
thous. of bu _
Barley: ^
_ §
Production (crop estimate)
do
Receipts, principal markets ._
do
Stocks, domestic, end of month:
Commercial
_ _-do
On farms
do
Exports, including malt
do
Prices, wholesale (Minneapolis):
No. 2, malting
dol. perbu._
No. 3, straight
_ _ do
Corn:
Production (crop estimate)
Grindings, wet process
Receipts, principal markets
Stocks, domestic, end of month:
Commercial
On farms
Exports including meal
Prices, wholesale:
No 3 white (Chicago)
No 3, yellow (Chicago)
Weighted average, 5 markets, all
56, 384
59, 459
82, 196
62, 034
54, 519
41, 663
51, 689
48, 585
6,663
8,801
9,703
6,822
6,819
7,204
22, 135
12, 411
10, 200
11, 518
30, 165
24, 692
24, 585
26, 353
26, 779
2,582
5,266
2,548
28, 254
171 419
4,056
27, 704
6,532
24, 285
40, 196
3,137
23, 361
4,559
27, 476
89, 075
6,177
1,554
1.742
1.673
1.738
1.628
1.625
1.445
1.517
1.365
1.388
1.261
1. 283
1.193
1.368
1.264
1.434
1.292
1.542
1.389
mil. of bu
thous. of bu
do
11,182
34, 227
13, 004
33, 010
10, 893
25, 664
10, 860
21, 914
10, 769
21, 155
9,604
21, 759
10, 147
23. 800
9,289
21, 578
do
mil of bu
thous. of bu
74, 058
71, 453
1,323.3
12, 979
61, 636
50, 939
32, 559
15, 035
8,895
42, 570
801.3
6,985
35, 379
11, 621
6,568
6,015
(2)
1.770
1.645
1.889
1.799
1.703
1.870
1.774
1.688
(2)
(2)
1.764
1.667
4,267
5,605
8,263
10, 137
7,923
15, 231
13, 030
14, 971
726
440
.996
13, 828
544. 842
1,190
.993
.980
50, 618
34, 374
45, 169
25, 414
62, 221
dol. per bu
do
grades, -do
Oats:
Production (crop estimate)
mil of bu
Receipts, principal markets
thous. of bu_.
Stocks, domestic, end of month:
Commercial
do
On farms
do
Exports including oatmeal
do
Price, wholesale, No. 3, white (Chicago).. dol. per bu_ _
(2)
1.818
1.659
447
53, 987
9,710
9,481
22, 042
21 , 005
1,385
25, 483
124 °87
2,995
1.652
1.481
1. 593
1.440
1. 638
1.471
1. 549
1.407
10, 424
24, 565
10, 774
33, 948
l 2, 941
9,238
34, 498
10, 858
44, 823
10, 002
32,248
32, 785
31? 9
4,188
38, 497
47, 299
58, 785
63, 788
5,161
6,158
1.854
1.794
1. 705
1.795
1.801
1.712
1.798
1.782
1.709
1.762
1. 828
1.680
9,930
23, 302
15, 684
7,503
9,224
14, 889
257. 920
17, 798
27, 449
31, 507
28. 173
.865
227
149
504
.931
269
33, 213
1, 103, 455
.794
.817
.856
.918
1.071
42, 524
37, 536
54, 961
30, 167
62, 332
30, 734
88, 472
58, 385
42, 350
73, 389
31, 647
18, 109
190, 887
44, 418
94. 417
77, 966
1.721
1.617
891
543
930
51, 394
1 919 3
10, 165
8,197
(2)
(2)
1. 926
1.699
1. 913
1.597
l 1 316
9, 450
6,420
1
5,826
21,186
17, 065
208
.992
.912
120. 540
80, 214
26, 931
841,889
254
1.045
Rice:
1.998
1.802
1.587
131,132
129, 926
97 344
California:
Receipts, domestic, rough
thous. of lb_.
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of month
thous. of Ib _ .
Southern States (Ark., La., Tenn., Tex.):
Receipts rough at mills
thous of Ib
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis), end of month
thous. of Ib
Exports
do
Price, wholesale, head, clean (N. O.)__dol. per lb_-
64, 246
53, 497
56, 873
65, 013
63, 302
20,372
23, 127
102, 340
90, 071
77, 352
76, 825
42, 642
74, 774
142, 156
55, 144
118, 987
28, 144
81, 199
15, 751
73, 562
26, 529
99, 562
28, 261
140, 267
292, 259
153,069
551, 420
191, 062
980, 355
295, 248
330, 758
186, 612
199,749
177,402
209, 432
158, 633
125. 522
125, 513
569, 695
66, 834
.100
482, 688
64, 163
.105
419, 822
43, 343
.105
356, 857
13, 024
.105
279, 413
13, 259
.104
162, 622
127, 364
.104
215. 451
111,588
.091
383, 344
133, 772
.083
697,198
157, 879
.090
719, 664
191, 466
.094
676, 066
80, 856
.096
642, 963
89, 052
.100
598, 059
Rye:
Production (crop estimate)
thous of bu
Receipts, principal marketsf
_ . _ --do .__
Stocks, commercial, domestic, end of month-do
Price, wholesale, No. 2 (Minn.)
dol. per bu__
715
787
6,861
1.894
5,851
1.878
1,510
4,036
1.923
1,031
2,733
1.883
901
2,006
1.834
1,800
2, 423
1.790
5,995
5,129
1.642
2,330
6,183
1.659
1,381
6,471
1.817
6,217
1.933
741
6,136
2.036
636
5,844
1. 915
26, 284
29, 072
216. 427
213. 163
163, Ifil
144, 640
Wheat:
i rouuciioii (.crop estimate;, luid,
k_p g
ai
__
Receipts, principal markets
thous. of bu_.
do
Merchant mills
do
do
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
dol. per bu__
No. 2, hard winter (Kansas City)
do
No. 2, red winter (St. Louis)
do
Weighted avg , 6 markets, all grades
do
Wheat flour:
Production:
Flour
thous. of sacks (100 lb.)_
Operations, percent of capacity
Offal
short tons
Grindings of wheat
thous. of bu
Stocks held by mills, end of month
thous of sacks (100 Ib )
Exports
do
Prices, wholesale:
Spring, short patents (Minneapolis)*
dol. per sack (lOOlb.)..
Winter, hard, short patents (Kansas City)*_do_._
l
21, 333
28, 407
289, 670
48, 928
53, 853
31,013
325, 879
204, 220
188, 379
715,809
193, 663
168, 777
166, 795
206, 379
177, 355
177, 369
167, 086
396, 204
157, 848
39, 259
34, 335
200, 827
101, 052
217, 111
38, 601
33, 095
59, 482
52, 087
47, 677
42, 673
89, 129
73, 587
72, 638
42, 306
39, 706
2.602
2.476
2.529
2. 507
2.520
2.401
2.444
2.408
2.532
2.435
2.476
2.440
2.537
2.384
2.305
2.421
18, 733
83.3
373, 358
43, 591
19, 706
79.6
386, 398
45, 860
17, 233
73.4
338, 866
39, 958
2,113
4,839
2,363
6.394
5. 963
6.238
5. 800
do
flour
2
.105
1
1
Commercial
- _
- do
Interior mills, elevators, and warehouses
r
i 21, 395
1, 267
6,344
2.051
806
987 5
342. 0
l 645. 5
32, 396
282, 539
.
Stocks, end of month:
Canada (Canadian wheat)
Exports total including
"Wheat only
89, 767
76, 982
66, 140
60, 975
262 813
47, 284
160, 577
143, 643
209, 143
233, 527
164, 425
1,128,018
238, 443
223, 849
211, 870
224, 941
202, 464
218, 333
850, 479
199. 947
29, 220
27, 458
42, 819
38, 500
272 960
131, 963
480, 862
39, 797
35, 439
33, 576
30, 140
39, 376
34, 962
201, 607
113,051
339, 336
35. 090
29, 667
44, 646
41, 043
2.448
2.343
2.191
2.348
2.475
2.307
2.213
2.313
2.464
2.330
2.287
2.339
2.442
2.383
2.402
2.341
2.517
2.452
2.488
2.404
2.597
2.540
2.565
2.472
2.568
2.541
2. 625
2.488
2.546
2.519
2. 555
2.471
2. 505
2.492
2.547
2. 422
18, 529
75.4
368, 285
43, 049
17, 091
72.9
342, 902
39, 987
18, 026
76.5
364, 193
42, 156
19, 653
76.3
395, 893
45, 928
18,795
88.5
377, 944
43, 789
21, 055
88.2
456, 496
49, 342
19, 876
84 4
403, 215
46, 684
21, 212
86.4
429, 296
49, 683
18.519
83.0
376, 000
43, 337
3,174
2,148
4,494
1,116
756
1,854
4,712
1,870
1,475
1,895
4,701
2.328
1, 546
6. 245
5. 725
6.144
5.713
6. 013
5.660
6.010
5.744
6.019
5.725
5. 894
5.690
5. 885
5.713
6.138
5. 850
6.044
5.710
5. 935
5. 600
65, 841
35. 730
r
18. 386
82.0
375, 647
43, 333
r
5. 865
5. 575
Revised.
December 1 estimate.
No quotation.
fRevised series. Data are furnished by the Chicago Board of Trade and represent receipts at 12 interior primary markets; for names of markets and data for January 1948-July 1950, see
note marked "f on p. S-28 of the October 1951 SURVEY.
cfThe total includes wheat owned by the Commodity Credit Corporation and stored off farms in its own steel and wooden bins; such data are not included in the breakdown of stocks.
*New series. Data prior to February 1951 will be shown later.
SURVEY OF CURRENT BUSINESS
April 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-29
1952
1951
February
March
April
May
June
July
August
September
October
November
December
January
February
FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK
Cattle and calves:
Slaughter (Federally inspected):
Calves
thous. of animals_Cattle -do___
Receipts principal markets
do
Shipments feeder, to 8 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
dol. per 1001b__
Steers, stocker and feeder (Kansas City) -do
Calves, vealcrs (Chicago)
do
Hogs:
Slaughter (Federally inspected)
thous. of animals- _
Receipts, principal markets
do
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 lb__
Hog-corn ratio
bu. of corn equal in value to 100 Ib. of live hog_.
Sheep and lambs:
Slaughter (Federally inspected)
thous. of animals -_
Receipts, principal markets
do
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Lambs, average (Chicago)
dol. per!001b__
Lambs, feeder, good and choice (Omana)__do
374
887
1,364
121
447
965
1,444
131
406
894
1,552
151
414
986
1,555
406
787
1,345
408
920
1.754
422
1,064
2,066
500
1,140
2,928
457
1,122
2,063
344
998
1,533
343
985
1,481
460
200
382
1,096
1,648
293
373
956
2,307
515
34.88
34.42
38.38
35.62
35.12
36.50
35.95
35.64
38.90
35.71
34.29
37.25
35.68
32.83
38.31
35.75
31.61
37.40
36.39
32.59
36.75
36.99
31.90
36.25
36.75
31.97
37.10
36.29
31.63
36.00
34. 59
30.45
36.00
34.25
31.19
36.50
33.78
32. 06
37.00
4, 159
2,713
5,117
3,072
4,989
3, 060
4,952
3,080
4,700
2, 856
3,826
2,630
4,236
2,765
4,398
2,743
5,651
3,460
6,531
4,098
6,912
4,174
6,835
4,373
5,779
3,626
22.26
21.62
21.01
20.77
21.07
20.36
20.35
19.62
20.09
18.30
17.74
17.42
17.07
13.8
13.2
12.7
12.4
13.0
12.8
12.8
11.9
12.4
11.1
10.4
10.4
10.4
740
673
119
738
717
93
657
807
157
657
956
258
811
964
164
863
1,076
168
889
1,310
492
827
1,821
703
1,084
2,152
822
922
1,157
305
810
946
119
1,042
1,150
123
990
971
109
38.25
0)
40.50
(0
39.25
0)
35. 50
0)
35. 00
0)
31.75
0)
31.50
31.34
31.25
32.64
31.00
32.00
31.00
31.31
30.75
30.50
30.25
0)
28.00
0)
1,334
1,007
45
1,537
984
66
1,479
967
77
1,537
908
79
1,442
847
81
1,387
748
84
1,488
640
62
1,374
550
56
1, 668
531
44
1,841
728
87
1,866
'966
108
1,977
' 1, 146
113
1,715
1,249
527, 293
157, 531
924
576, 081
139, 378
467
537, 799
117, 821
495
595, 451
106, 463
385
483, 836
96, 041
348
556, 897
94, 900
472
617, 158
101, 377
769
553, 317
102, 301
2,643
648,917
135, 560
892
645, 256
198, 647
2,189
656, 307
256, 247
660
593, 420
262, 426
124
111
173
893
133
158
MEATS
Total meats (including lard) :
Production (inspected slaughter)
mil. of lb__
Stocks, cold storage, end of month
do
Exports
do
Beef and veal:
Production (inspected slaughter)
thous. of lb__
Stocks, cold storage, end of month
do
Exports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York)
dol. per lb._
Lamb and mutton:
Production (inspected slaughter)
thous. of lb__
Stocks, cold storage, end of month
__ _do
Pork, including lard, production (inspected
slaughter)
thous of Ib
Pork, excluding lard:
Production (inspected slaughter)
do
Stocks, cold storage, end of month
do_
Exports
do
Prices, wholesale:
Hams, smoked, composite
dol. perlb_.
Fresh loins, 8-10 Ib. average (New York). _do
Lard:
Production (inspected slaughter)
thous. of lb__
Stocks, cold storage, end of month
_ _ do
Exports
do
Price, wholesale, refined (Chicago) dol. per l b _ _
.561
.576
.578
.583
.578
.576
.578
.594
.601
.599
36, 188
9, 474
36, 529
7,727
32, 603
5,435
31, 457
5,862
35, 892
5,235
38, 061
6,211
39, 369
6,407
36, 652
7,227
47, 490
9,767
585, 399
' 234, 679
850
42, 803
12, 536
r
.579
r
.571
.562
37, 915
13, 720
50, 536
' 13, 840
48,986
13, 436
770, 708
924, 237
908, 712
910, 332
922, 354
791, 554
831, 556
784, 336
971,381 1, 153, 267 1, 242, 339 1, 269, 791 1, 072, 252
570, 361
641, 565
7,785
684, 025
648, 384
5,486
672, 100
654, 497
3,710
665, 162
616, 231
4,488
672, 784
572, 372
6,113
576, 759
496, 171
5,851
614, 815
401, 573
5,833
579, 276
325, 959
5,753
718,673
276, 255
8,899
.590
.489
.591
.461
.565
.463
.568
.474
.574
.488
.573
.488
.574
.544
.568
.559
.574
.557
146, 508
89, 433
32, 277
.218
175, 502
78, 352
55, 519
.213
173, 137
75, 171
66, 995
.203
179, 686
68, 639
68, 083
.198
182, 936
68, 754
67, 886
.200
157, 111
46, 820
72, 030
.198
158, 700
34, 702
48, 398
.198
149, 769
28, 372
41, 753
.208
34, 806
192, 913
'.364
35, 273
147, 203
43, 097
125, 359
'.350
52, 380
1 12, 369
'-.SOS
42. 360
106, 692
'.377
r.289
46, 157
121, 493
'.288
6,340
2,159
6,318
2,790
6,156
3,602
5,270
2,652
4,711
4,231
309
62, 298
973
109, 253
2,083
162, 659
2,427
189, 980
.468
.475
.478
84, 000
80, 000
68, 000
26, 482
.376
48, 483
.384
25, 526
.384
1,691
1,304
892
2,J 29
1,447
934
1,020
2,344
r
850, 917
381, 870
7,484
r
r
905, 863
548, 604
11, 257
.549
.460
.544
.427
184, 705
31, 344
29, 808
.209
221,097
39, 229
70, 076
.180
246, 363
53, 614
88, 194
.190
63, 264
166, 242
•-.276
77, 471
259, 920
'.261
87, 278
309, 943
r
. 248
76, 887
302, 151
'.284
498
4,007
468
4,240
370
2,270
190, 818
1,615
176, 273
958
527
151, 293
121, 592
95, 143
.517
.514
.595
.630
.669
.664
65, 000
59, 000
54, 385
71,824
100, 170
113, 945
32, 373
'.383
23, 778
.383
15, 636
'.351
23, 235
.355
9,622
.341
6,090
'.321
966
655
1,281
847
837
572
985
521
1,419
888
1,482
962
1,792
1 089
1,457
1,485
1,325
1,253
1 293
1 217
1 742
931,607
' 704, 992
10, 337
.546
.433
771,472
786, 194
.527
.424
248, 037
220, 934
' 49, 284 53, 492
96, 445
.175
.175
POULTRY AND EGGS
Poultry:
27, 972
Receipts, 5 markets
thous oflb
242, 023
Stocks, cold storage, end of month
do
''.344
Price, wholesale, live fowls (Chicago) § dol. per lb. .
Eggs:
r
5, 173
Production, farm _
millions
1,846
Dried egg production
thous. oflb
Stocks, cold storage, end of month:
159
Shell --_
_ thous. of cases
32, 712
Frozen
_ thous. of Ib
Price, wholesale, extras, large (Chicago)
.449
dol. per doz__
668
4,215
4,609
429
35, 651
' 300, 000
.275
r
35 067
269, 334
.295
5, 407
894
5,715
1,681
67, 200
'238
' 53, 055
59 935
.496
.398
.364
113, 842
97, 030
89, 249
84, 067
15,555
.295
' 16, 570
r
.326
32 640
.331
.358
1,725
1 008
'562
1 882
1,609
945
1,604
871
1,331
758
2 049
1 975
.541
.550
357
230
141
928
MISCELLANEOUS FOOD PRODUCTS
Confectionery* manufacturers' sales*. ., thous. of dol...
Cocoa:
Imports
long tons
Price, wholesale, Accra (New York)__dol. per l b _ _
Coffee:
Clearances from Brazil, total
thous. of bags_.
To United States
do
Visible supply, United StatesJ _ _
do
Imports
do
Price, wholesale, Santos, No. 4 (New York)
dol. perlb..
Fish:
Landings, fresh fish, 5 ports
thous. of l b _ _
Stock, cold storage, end of month
do
785
754
690
551
591
619
736
.555
.548
.545
.544
.536
.532
.536
'.543
.545
38, 692
106, 834
43, 321
96, 367
57, 916
88, 803
67, 200
105, 944
68, 613
127, 351
70, 310
146, 891
69, 618
161, 628
54, 520
166. 100
50, 468
171. 924
r
. 543
38, 843
179. 135
689
25, 946
168. 792
658
955
.550
p
148. 113
125. 772
' Revised.
1 No quotation.
§ Series revised to represent quotations for heavy type.
*New series. Compiled by the 17. S. Department of Commerce, Bureau of the Census, representing estimated total sales by manufacturers of confectionery and competitive chocolate prod;s. The figures exclude sales of chocolate coatings and cocoa produced by chocolate manufacturers and sales by manufacturer-retailers with a single business location. Estimated total sales
1947-51, respectively, are as follows (mil. of dol.): 956; 981; 900; 960; 999. January 1951 sales, $92,000,000.
t For revised data for July 1949-October 1950, see note marked "J" on p. S-29 of the January 1952 SURVEY.
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
April 1952
1952
1951
Febru-
ary
March
April
May
June
July
August
Septem-
ber
October
Novem-
ber
Decem-
ber
January
Febru-
ary
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS— Con.
Sugar:
Cuban stocks, raw, end of month
thous. of Spanish
United States:
Deliveries and supply (raw basis):
Production and receipts:
Production
short
Entries from off-shore
Hawaii and Puerto Rico
2,488
3,538
3,838
3,137
2,573
1,977
1,602
952
577
427
718
1, 883
66, 422
553, 832
104, 596
tons
do
do
Deliveries, total
do_ _ .
For domestic consumption _ _ _
_do_ __
For export
do
Stocks, raw and refined, end of month
thous. of short tons.Exports, refined sugar
short tons..
Imports:
Raw sugar, total
do
From Cuba
__do_ _
From Philippine Islands
do
Refined sugar, total
From Cuba
Price (New York) :
Raw, wholesale
Refined:
Retail
Wholesale
Tea imports
1,538
40, 570
564, 059
164, 129
34, 751
567, 747
171, 703
18, 463
563, 138
260, Oil
47, 954
620, 832
284, 460
31,386
594,611
228, 452
27 762
542, 615
195, 252
98, 067
396, 322
111,020
464 289
444 726
92, 575
627 848
314 637
102, 389
472 810
164,866
155, 925
84 442
364, 959
72, 083
32 439
293 390
40,217
556, 372
553, 344
r
3, 028
533, 772
524, 495
9,277
532, 257 1, 104, 322
520, 335 1, 094, 004
11,922
10, 318
824, 919
821, 213
3,706
519, 795
511, 268
8,527
676, 096
670, 503
5,593
646, 163
643, 958
2,205
678, 741
676, 573
2, 168
546 599
544, 224
2 305
556, 802
536, 614
20, 188
581, 376
578, 699
2,677
544, 553
542. 900
1.653
1,473
tons..
do
_do
r
r
r
1,556
1,978
1,722
3,933
1,818
16, 218
1,285
21, 079
1,090
25, 412
1,217
10, 656
1,121
3,399
958
2,011
1,169
1,470
1,540
1 005
1, 756
18, 264
1, 613
867
377, 243
294, 025
83, 189
344, 935
266, 755
78, 165
344, 583
242, 238
102, 344
285, 133
175,481
109, 643
271, 882
174, 534
97, 342
314, 392
230, 304
79 723
311, 704
246, 113
54, 807
252 570
212 522
40 041
242 519
226, 799
11 984
236 919
226 225
10 191
75, 340
74, 217
1 120
248, 724
223, 704
25 017
21, 050
20, 600
40, 489
40, 489
39, 665
39, 465
36, 834
36, 534
29, 310
29, 168
35, 197
35, 197
32 735
32, 728
28 013
28 013
45 251
45 251
4 926
4 424
1
0
10 221
10, 220
.063
.066
.063
.060
.060
.059
.060
.058
.058
.057
.480
.082
7,208
.482
.084
5,704
482
081
5 624
482
.081
6 713
.483
.081
7 769
.480
.080-
dol. per lb__
.060
.059
.058
dol. per 5 Ib
_.dol. per lb__
thous. of Ib
.490
.081
7,067
.488
.081
9,627
.501
.081
11, 973
TOBACCO
Leaf:
Production (crop estimate)
. __ _ _ mil. o f l b _ _
Stocks, dealers' and manufacturers', end of quarter total
mil of Ib
Domestic:
Cigar leaf
- - __do
Air-cured, fire-cured, flue-cured, and miscellaneous domestic
mil. of lb_
Foreign grown:
Cigar leaf
- __do
Cigarette tobacco
do
Exports, including scrap and stems, thous. of lb_
Imports including scrap and stems
_ _ _ do
Manufactured products:
Production manufactured tobacco, total
do
Chewing plug, and twist
do
Smoking
.
do. _
SnufT
do
Consumption (withdrawals):
Cigarettes (small):
Tax-free
millions.
Tax-paid
_-do
Cigars (large) tax-paid
thousands
Manufactured tobacco and snuff, tax-paid
thous. of l b _ _
Exports, cigarettes
millions __
Price, wholesale, cigarettes, manufacturer to
wholesaler and jobber, f. o. b., destination*
dol. per thous. .
492
.086
7 173
497
.084
7,152
496
.083
5 835
486
081
4 945
1
3 573
3,942
2, 282
4 973
3 760
398
404
373
352
3, 355
2,973
3,203
3, 732
20, 215
7,954
16
172
29, 448
8,020
32, 804
7,597
25, 718
8,733
17
180
26, 794
7,832
24, 068
8,018
48, 266
9,812
17
166
74, 746
8,404
87, 519
13, 702
60, 337
10, 302
18
170
60, 623
5, 734
33, 489
8,572
18, 150
7,069
7,789
3,293
19, 677
7,328
8,784
3,565
18, 706
6.674
8,732
3,299
20, 145
7,541
9,103
3,501
19, 581
7,475
8,897
3,209
15 777
6,708
6,819
2,250
21 665
8, 240
9, 741
3,684
19 777
7 049
9,669
3 060
18 292
7,120
8,017
3 154
20 624
7,853
9,243
3,528
14 958
5 739
6,018
3 201
19, 884
7, 516
8,619
3,749
3,003
28, 857
435, 074
2,600
30. 160
455, 351
3,159
29, 524
444, 006
3,996
32, 776
478, 693
3, 463
32, 474
502, 592
2,444
29, 739
421, 758
3,499
35, 601
533 739
2,773
30, 800
490, 938
3,416
37, 477
590, 616
3,708
33, 994
554 341
3, 508
23, 847
367, 906
17, 765
1,153
18, 423
1,564
18, 451
1,381
19, 272
1,401
19, 091
1,404
15, 806
1,140
21, 551
1,704
19,486
1,443
14,374
1,208
24, 005
1,742
14, 353
1,443
19, 450
1, 517
18,490
3.969
3.969
3.969
3.969
3.969
3.969
3.969
3.969
3.969
3.944
4.027
4.027
4.027
4,141
37, 598
494, 556
r
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports total hides and skins J
thous. of Ib
Calf and kip skins
thous. of pieces. _
Cattle hidesj
do
GoatskinsJ
__
_ _ _do_ _
Sheep and lamb skins
do
Prices, wholesale (Chicago) :
Calfskins, packer, heavy, 9^/15 lbs.*_ dol. per lb_
Hides, steer, heavy, native, over 53 lbs.*._.do
LEATHER
Production:
Calf and kip
_ thous. of skins. .
Cattle hide
thous. of hides. _
Goat and kid
thous. of skins
Sheep and lamb
do
Exports:
Sole leather:
Bends backs and sides
thous of Ib
Offal including belting offal
do
Upper leather
thous. of sq. ft
Prices, wholesale:
Sole bends heavy, f . o b tannery* dol. per Ib
Chrome calf, black, B and C grades, f. o. b. tannerv*
_._dol. per sq. ft__
r
Revised.
l
December 1 estimate.
17, 570
312
156
2,743
1,119
20, 247
218
222
2,976
1,533
18, 177
203
175
3,230
1,580
22, 301
285
280
3,616
1,655
23, 864
195
325
2,755
1,949
30 220
355
437
3,137
1,423
30, 707
136
416
2,819
2,632
26 012
78
191
1,931
5,753
21,212
105
202
1,814
2,358
13 057
78
158
1,821
925
11, 424
110
116
1,864
1,132
12, 972
81
186
2,367
668
.775
.338
.775
.338
.800
.330
.800
.330
.800
.330
.650
.330
.557
.308
.486
.323
.475
.310
.399
.216
.379
.188
.400
.140
921
2,204
3,196
2,705
904
2,220
3,435
2,492
805
1,916
3,100
1,968
619
1,956
2,917
1,835
574
1,878
2,620
1,478
459
1,534
2,038
1,480
559
1,885
2,469
1,873
492
1,644
1,830
1,674
607
1,859
2,011
2,138
568
1,748
1,837
2,163
r
603
1, 555
2, 059
1,894
717
1,878
2,615
2,047
132
21
2,051
17
17
2,776
12
78
2,087
56
14
1,368
32
48
1,577
83
86
1,833
7
10
2,312
18
17
1,706
3
7
1, 118
18
89
2,621
17
82
2,321
8
43
1, 549
.880
856
776
. 776
.700
660
630
600
1.150
1.022
.955
.955
.906
.807
.808
.787
*New series. Compiled by U. S. Department of Labor, Bureau of Labor Statistics; data prior to February 1951 will be shown later.
tRevisions for 1950 are shown in corresponding note in the October 1951 issue of the SURVEY.
T
29, 411
446 560
SUEVEY OF CURRENT BUSINESS
April 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-31
1952
1951
Febru-
March
ary
April
May
June
July
August
Septem-
ber
October
Novem-
ber
Decem-
ber
January
Febru-
ary
LEATHER AND PRODUCTS—Continued
LEATHER
MANUFACTURES
Shoes and slippers: J
Production, total
_ _ _ thous. of pairs _ _
Shoes, sandals, and play shoes, except athletic,
total
thous. of pairs
By types of uppers:o"
All leather
.
__.
do
Part leather and nonleather
_ do
By kinds:
Men's
do
Youths' and boys'
do
Women's
do
Misses' and children's
- do
Infants' and babies'
do
Slippers for housewear
_ do
Athletic
. do. .
Other footwear
do
Exports§
_ do_ _
Prices, wholesale, factory, Goodyear welt, leather
sole:
Men's black calf oxford, plain toe dol. per pair
Men's black calf oxford, tip toe
_ do __
Women's oxford (nurses'), rubber toplift* do
43, 313
47, 198
39, 635
38, 303
37, 578
32, 530
43, 234
36, 130
38, 783
34 884
32 227
41, 306
39, 601
42, 799
35,412
34, 152
33, 429
28, 465
37, 532
30, 844
32 822
29 462
28 794
38 290
35, 357
3,439
37, 785
4,154
30, 638
4,077
29, 480
3,988
28, 905
3,877
25, 020
2,909
32, 796
3,839
26, 862
3, 105
29, 450
3,372
26, 262
3,200
25, 511
3,283
33, 694
4,596
9,371
1,156
20, 154
5,586
3,334
3,158
278
276
279
10, 652
1,238
21,718
5,654
3, 537
3,722
339
338
401
9,340
1,025
17, 807
4,294
2,946
3,636
299
288
338
9,744
1,201
15, 934
4,282
2,991
3,566
255
330
307
9.245
1, 284
15, 844
4,365
2,691
3,612
211
326
247
6,898
1.132
15,057
3,366
2,012
3,609
152
304
197
9,156
1,468
19, 862
4,480
2,566
5,091
198
413
289
7,969
1 258
15, 580
3,800
2 237
4,660
189
437
283
8,755
1 319
15, 713
4,321
2 714
5 395
205
361
229
7,739
1 097
13,711
4,290
2 625
4,930
180
312
359
7, 023
1 068
13 740
4, 356
2 607
3,032
176
225
302
8,577
1 263
19, 676
5,623
3 151
2 511
216
289
219
11. 760
8.800
6.250
11. 760
8.800
6.250
11. 760
8.800
6.250
11. 760
8.800
6.250
11. 466
8. 688
6.250
11. 368
8.350
6.250
11. 368
8. 350
6.250
11 184
8.350
6 250
10 633
8 110
6 250
10 633
7. 750
6 250
10. 633
7. 750
6. 250
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES
Exports, total sawmill products
M bd ft
Imports, total sawmill products _
__do
National Lumber Manufacturers Association:
Production, total
mil. bd. ft
Hardwoods.
_
__do _ _
Softwoods
do
Shipments, total
__do
Hnrdwoods
do
Softwoods
_ _ _
do
Stocks, gross (mill and concentration yards), end
of month, total
mil. bd. ft
Hardwoods
_ do
Softwoods
_
„
do.
SOFTWOODS
Douglas fir:
Orders new
Orders unfilled end of month
Production
Shipments
Stocks gross mill end of month
Exports, total sawmill products
-
do
- do
. . . do. _do
_ _ do.
M bd. ft..
71,028
179, 627
76, 137
230, 218
64, 985
232, 287
83, 538
213, 085
93, 155
204, 938
96, 309
221, 873
102, 473
220, 111
76, 745
206, 517
106, 072
232, 368
81, 445
213, 655
80, 555
160, 885
i 45, 836
142, 814
2,763
634
2,129
2,884
688
2,196
3,288
776
2,512
3,448
788
2,661
3,469
760
2,709
3,454
786
2,668
3,793
806
2,987
3,474
692
2,782
3,660
837
2,823
3,171
632
2,539
3,147
767
2, 380
2,741
572
2,169
3,584
767
2,817
3,231
594
2,637
3,200
746
2,454
2,937
574
2,363
3,514
741
2,773
3, 412
655
2,757
3,210
686
2,524
3, 163
690
2,473
2,632
645
1,987
2,541
600
1,941
?,797
611
2,186
3,021
619
2,402
2,870
675
2,195
2, 950
681
2, 269
6,431
2,244
4,187
6,285
2,233
4,052
6,300
2,207
4,093
6,584
2,321
4,263
7,111
2,526
4,585
7,543
2,720
4,823
7,870
2,893
4,977
8,132
3,065
5,067
8,193
3,152
5,041
8,240
3,148
5,092
8, 364
3, 193
5,171
8,311
3, 186
5,125
8, 232
3,180
5,052
734
942
817
798
752
37, 104
6,977
30, 127
1,008
925
904
1,025
631
36, 452
11,400
25, 052
963
890
978
998
611
36, 794
11, 784
25,010
966
889
1,045
1,012
607
43, 359
13, 792
29, 567
742
704
954
882
717
48, 441
12, 010
36, 431
737
644
708
656
795
38, 329
11, 744
26, 585
867
509
987
926
830
54, 086
12, 453
41, 633
835
514
860
830
861
38, 438
7,421
31,017
923
374
981
965
836
47, 677
20, 823
26, 854
764
245
898
892
841
43. 886
21, 143
22, 743
754
904
717
668
924
43, 794
14, 856
28, 938
752
1,065
799
918
971
15, 250
9,110
6,140
814
1,001
830
833
968
Boards, planks, scantlings, etc
do
Prices, wholesale:
Dimension, No. 1 common, 2" x 4", R. L.
2
83. 377
dol. per M bd. ft..
Flooring, B and better, F. G., 1" x 4", R. L.
dol. per M bd. ft.. 2 131. 720
Southern pine:
651
Orders new
mil. bd ft
452
Orders unfilled end of month
do
652
Production
.
do__
685
Shipments
do
Stocks, gross (mill and concentration yards), end
1,436
of month
...
mil. bd. ft.
8,224
1,813
Sawed timber
do
6,411
Boards, planks, scantlings, etc
do
Prices, wholesale, composite:
Boards, No. 2 and better, I" x 6" x R. L.*
dol. per M bd. ft._ 3 80. 552
Flooring, B and better, F. G., 1" x 4" x S/L*
dol. per M bd. ft_. 3 155. 673
Western pine:
456
Orders, new
. . mil. bd. ft
725
Orders unfilled end of month
do
406
Production
_ do
445
Shipments
do
1,298
Stocks, gross, mill, end of month __
do_
Price, wholesale, Ponderosa, boards, No. 3 com84.51
mon V x 8"
dol per M bd. ft
r
83. 657
82. 268
82. 068
81. 935
82. 212
82. 648
81.741
132. 700
132. 700
132. 700
132. 700
131. 998
130. 230
129. 842
129. 842
128.617
785
449
769
788
678
392
762
735
689
331
816
750
605
299
695
637
619
286
677
632
742
329
707
699
697
370
622
656
808
381
728
797
639
337
695
683
1,417
12, 061
3,405
8,656
1,444
9,087
1, 573
7,514
1,510
10, 695
3,457
7,238
1,568
9,329
2,589
6,740
1,613
20, 652
3,791
16,861
1,621
11,929
2, 677
9,252
1,587
14, 292
2,336
11,956
1,518
16, 996
3,522
13, 474
1,530
9,505
2,714
6,791
r
r
83. 902
83. 937
81. 368
r
81. 508
82. 467
128. 209
126. 575
126. 575
553
310
626
580
748
312
791
746
712
327
707
697
1,576
11, 665
3, 725
7,940
1,621
8,878
1,390
7,488
1,631
80. 708
80. 374
79. 861
78. 814
78. 411
78. 625
78.915
79. 735
80. 612
80. 797
80. 642
80. 196
155. 520
155. 061
155.061
155. 061
155. 061
155.061
155. 061
155. 061
155. 061
155. 061
155. 061
155. 061
565
709
548
541
1,305
683
731
659
630
1,334
740
742
792
701
1,427
763
754
847
723
1,551
724
734
741
644
1,648
749
701
801
716
1,733
700
714
684
614
1,803
747
745
744
690
1,857
635
714
641
619
1,879
530
716
419
478
1,820
552
684
355
485
1,690
490
472
390
471
1,609
85.35
87.07
86.45
85. 73
84.13
81.68
78.97
78. 85
78.17
78.74
78.58
79.22
279, 415
283, 104
60, 610
264, 094
263, 884
59, 080
285, 278
275, 490
65, 801
281, 340
280, 908
65, 529
195, 059
178, 875
80, 323
283, 321
270, 994
91,462
242, 823
235, 627
97, 932
269, 629
257, 805
110, 649
187, 254
189, 383
108. 524
176, 132
195, 259
88, 552
244, 01 1
238, 911
92, 577
253, 303
260, 720
84, 739
SOFTWOOD PLYWOOD
Production
thous. of sq. ft., %" equivalent- . 255, 408
247, 892
Shipments
do
66, 156
Stocks end of month
do
r
r
HARDWOOD FLOORING
Maple, beech, and birch:
Orders new
Orders, unfilled, end of month
Production
Shipments
_
Stocks, mill, end of month
3,550
3,150
4,800
3,175
3,350
3,675
3,700
5,075
4,300
4,550
3,775
5,200
12, 300
12,250
12, 950
13, 050
14, 500
13, 500
16, 975
15, 650
20, 000
19, 025
17, 350
20, 550
3,750
4,150
3, 900
4,500
4,800
4,750
5, 550
4,050
5,450
5,700
5,400
5,800
3,550
4, 250
3, 600
3,750
4,100
4,000
5,200
4,350
5,300
5,875
5,425
4,850
_ _
8,050
7,575
7,300
8,250
6,500
6,900
5, 675
5,600
5,850
4,875
5, 325
4,550
2
' Revised.
1 Data beginning January 1952 have been adjusted to conform to the 1952 revision of the export schedule.
Revised January 1951 quotation, Douglas fir: Dimension,
3
$82.344; flooring,$132.919.
January 1951 quotation, Southern pine: Boards, $80.679; flooring, $157.511.
t Revisions for January-October 1950 are available upon request.
cf The figures include a comparatively small number of "other footwear" which is not shown separately from shoes, sandals, etc., in the distribution by types of uppers; there are further
small differences between the sum of the figures and the totals for shoes, sandals, and play shoes, because the latter, and also the distribution by kinds, include small revisions not available by
types of uppers.
§ Excludes "special category" items.
* New series. Data are compiled by the 17. S. Department of Labor, Bureau of Labor Statistics; monthly data, beginning 1947, are available upon request.
M bd ft
do
do
_ do
do
6,225
21, 025
5, 750
5,300
4,575
SUKVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
April 1952
1951
February
March
May
April
June
19 52
July
August
September
October
November
December
January
February
LUMBER AND MANUFACTURES—Continued
HARDWOOD FLOORING— Continued
Oak:
Orders, n e w
_ _ _ _ _ _ _1VI
Orders, unfilled, end of month- _ ^
Production
_ __
Shipments
Stocks mill end of month
bd. ft.
do
do
do
do_ _
83, 274
93, 512
79, 419
78, 129
35, 489
81,813
92, 804
93, 657
90, 960
38, 186
68, 904
82, 647
87, 050
81, 866
43, 370
65, 806
65, 620
94, 499
85, 922
51, 947
51, 757
53, 093
81, 269
71.488
61 , 728
65, 721
54, 740
71, 301
69, 053
63, 976
83, 288
57, 246
83, 699
80. 782
64, 635
84, 032
65, 778
74, 297
75, 500
63, 432
83, 335
66, 613
86, 628
85 372
64, 688
57,156
54, 985
81,035
73 263
72, 460
49, 607
53, 002
64, 181
54 554
82, 087
77, 919
56, 995
78, 657
73 926
86 818
87, 840
67, 795
73 094
77 040
82' 872
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.):
Exports total
short tons
Scrap
do
Imports, total
_ __ _ do_ _ _
Scrap
do
267, 309
18, 339
403, 146
46, 017
353, 346
19, 683
405, 191
54, 489
299, 794
22, 651
387, 851
22, 260
296, 954
21, 337
378, 358
19, 086
280, 662
15, 063
292, 784
14, 102
287, 245
23, 004
315,363
28, 993
306,310
23, 670
279, 818
26, 074
349, 615
26, 902
255, 268
17,116
296, 081
21,919
248, 186
17,417
344, 232
22, 561
219, 274
24, 630
417, 589
20,4^5
257. 307
22, 013
402, 242
21,992
235, 157
15, 169
5,978
2, 963
3,015
4.948
1 301
3,647
6,930
3, 457
3,473
4,431
1 220
3,211
6,707
3,331
3, 375
4,215
1,104
3,111
6,828
3,370
3, 458
4, 154
1 123
3,031
6,377
3,187
3 190
4,112
1 170
2,941
5,934
3,043
2,892
4,199
1,171
3,028
6,288
3,240
3,048
4,427
1 212
3,215
6,023
3,127
2,896
4,437
1,215
3,222
6,574
3,409
3, 165
4,492
1,255
3,237
6, 268
3,244
3,024
4,422
1,240
3,183
6,141
3, 166
2 975
4,366
1 199
3. 168
6 540
3, 426
3 123
4,356
1 166
3.190
3,315
2,028
8,762
3, 525
2,453
9,829
8, 795
8,837
9,757
14, 362
14, 990
9,128
14,932
15,783
8,277
15, 103
16, 251
7,129
15,832
16, 448
6,515
14, 764
14, 900
6,381
13, 900
14, 623
5,639
7,052
7, 500
5,182
3,682
3,132
5.793
3,704
2,108
7,404
0
6,435
24,123
20, 324
3,799
573
0
7,372
17,335
14,919
2,417
661
6,211
7, 235
15, 072
13, 258
1,813
741
12, 664
7,761
19, 772
17,696
2,075
834
13, 166
7,499
26, 423
23, 731
2,692
1,235
13, 574
7, 556
33,142
29, 299
3,843
1,083
13, 229
7, 699
39, 920
35, 057
4,863
1,049
12,672
7, 473
45, 453
39, 504
5, 950
848
11, 089
7,749
50, 229
43, 425
6,804
1,103
5, 695
7, 624
49, 099
42, 258
6,841
747
69
81
83
49
85
52
69
71
67
79
65
78
2, 392
1,234
685
2,390
1,440
818
2, 337
1,363
767
2,229
1,397
796
2 162
1, 309
743
2,208
1,029
568
2,145
1,219
698
2,055
1,115
626
1,983
1. 302
733
1,934
1,184
674
1,847
1,033
583
1,801
1,199
694
255, 347
88, 950
54, 915
270,091
102,173
60,771
279,561
97,921
58,199
277, 778
101,345
61,918
258,144
94,376
57,176
263,017
76, 826
45, 072
249, 273
90, 727
57, 164
244, 575
82, 276
48, 568
238, 019
93, 884
58, 251
220, 740
88, 210
53, 682
215, 134
76, 045
45, 543
202, 799
87, 003
54, 988
5,176
5,292
6,016
6,054
5,888
5,914
6,173
6,184
5,978
5,989
6,070
5,955
6, 063
6,001
5,890
5,898
6,197
6,274
5,911
5,922
5,977
5,916
6,040
6, 106
Iron and Steel Scrap
Consumption total§
thous of short
Home scrap
Purchased scrap
Stocks consumers' end of month total §
Purchased scrap
tons
do
do
do
- - do
Ore
Iron ore:
All districts:
Mine production
thous. oflongtons__
Shipments
_
do
Stocks, at mines, end of month
__ ___ do_ _
Lake Superior district:
Shipments from upper lake ports
__do
Consumption by furnaces _
do _ _
Stocks end of month, total
do
At furnaces
_
_ __
do
On Lake Erie docks
do
Imports
do_
Manganese ore, imports (manganese content)
Castings, gray iron:§
Orders unfilled for sale
thous of short tons
Shipments, total
do
For sale
do
Castings, malleable iron:§
Orders unfilled for sale
do
Shipments, total
do
For sale
_ _
_ _
_
do
Pig iron:
Production
thous. of short tons
Consumption§
do
Stocks (consumers' and suppliers') , end of month §
thous of short tons
Prices, wholesale:
Composite
dol. per long ton
Basic (furnace)
_
do
Foundry, No. 2, f. o. b. Neville Island
do
791
0
7,639 .
7, 527
43,711
35, 927
37,315
30, 369 i
6,396
5, 558 i
656
659
1,700
1,623
1,603
1,613
1,633
1,771
1,819
1,818
1,844
1,811
1,751
53.58
52.00
52.50
53/61
52.00
52. 50
53.61
52. 00
52. 50
53.61
52. 00
52. 50
53.61
52.00
52. 50
53. 62
52.00
52. 50
53.67
52.00
52.50
53.67
52. 00
52.50
53.67
52.00
52. 50
53. 67
52.00
52. 50
53.67
52.00
52. 50
163, 976
117, 156
41, 754
190, 365
134, 184
43, 320
181, 908
129, 059
40, 818
188, 956
130, 826
39, 194
184,424
131,219
41,605
147, 251
100,141
27, 235
177, 096
128,981
41,162
160, 695
116,658
34, 693
189, 929
139. 953
39. 290
176, 728
131, 276
34, 524
165,110
123, 448
32, 733
874, 598
697, 335
177, 263
160, 917
118, 039
42, 878
924, 202
736, 701
187, 501
153, 947
112, 074
41, 873
7,766
97
9,071
102
8,841
103
5, 785
183, 738
139, 488
36, 650
781,234
636,611
144, 623
128, 799
97, 448
31,351
0
7,229
29, 207
24. 093
4,514
1,761
53. 58
52. 00
52.50
3,605
2, 160
8,849
53. 67
52. 00
52. 50
Steel, Crude and Semimanufactures
Steel castings:
Shipments, total
short tons
For sale, total
do
Railway specialties _ _ _
do
Steel forgings:
Orders, unfilled, total
do
F>rop and upset
do
Press and open hammer
do
Shipments, for sale, total
do
T)rop and upset
do
Press a n d open hammer _ _
__
do
Steel ingots and steel for castings:
Production
thous. of short tons
Percent of capacityj
Prices, wholesale:
Composite, finished steel
dol. per l b _ _
Steel billets, rcrolling (producing point) cf
dol. per net ton__
Structural steel (producing point)
dol. per lb__
Steel scrap, heavy melting (Pittsburgh)
dol. per long ton..
1
1,208,350 1, 263, 657 1, 361, 005 1, 435, 893
1,418,515 1, 426, 645 1, 446, 118 1, 410, 646 1 420, 977
170, 371
110, 979
59, 392
147, 319
95, 275
52, 044
157, 973
103, 962
54, Oil
149, 736
97, 326
52, 410
191,483
130,675
60, 808
176, 342
119,047
57, 295
165 023
109 014
56, 009
9,094
103
8, 657
101
8,679
98
8,734
99
8,655
101
9,116
103
8,794
103
8,885
101
9 136
99
.0471
1177,273
1
117, 475
1
59, 798
. 0471
.0471
.0471
.0471
.0471
.0471
' 56. 00
.0400
»• 56. 00
.0400
' 56. 00
.0400
' 56. 00
.0400
' 56. 00
.0400
' 56. 00
. 0400
46.63
45.00
45.00
45.00
45. 00
45. 00
.0471
r
56. 00
.0400
45. 00
r
190 095
129 082 _ _ . _
61,013
8 657
101
.0471
.0471
.0471
.0471
.0471
56. 00
.0400
r 56. 00
r 56. 00
r 56. 00
.0400
.0400
.0400
56.00
.0400
56.00
.0400
45.00
44.75
44.00
44.00
44.00
44.00
Steel, Manufactured Products
Barrels and drums, steel, heavy types:
9,938
Orders, unfilled, end of month
thousands.
10, 614
10, 660
10, 451
10, 735
10, 066
9,076
7,294
8, 535
8,036
7, 830
8, 126
Shipments __ __
__
do
2,313
2,762
2,384
2,605
2,366
2, 632
2,781
2, 322
2,147
2 511
2 176
2 085
52 1
48
42
47
Stocks, end of month..
_
do
28
31
31
24
32
26
31
66
r
Revised.
1
The Bureau of the Census estimated industry totals beginning May 1951 are based on reports from forge shops (shipping 50 tons or more per month) which account for over 95 percent of
all forgings produced. For May, shipments by the additional plants increased total shipments 13 percent; for total unfilled orders, the adjusted May figure is increased 27 percent and also
includes orders for the manufacturers' own use.
§Data beginning January 1951 are estimated totals derived from a survey of approximately 1,300 establishments by the Bureau of Mines and the Bureau of the Census.
|For 1952, percent of capacity is calculated on annual capacity as of January 1, 1952, of 108,587,670 tons of steel; 1951 data are based on capacity as of January 1, 1951, of 104,229,650 tons.
(^Revised to represent quotations per net ton; January 1951 quotation, $56.00,
SURVEY OF CURRENT BUSINESS
April 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-33
1952
1951
February
March
April
May
June
July
August
September
October
November
December
January
February
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products—Continued
Cans, metal, shipments (in terms of steel consumed) ,
total
short tons
Food
-do_.
Nonfood
do
Shipments for sale
do
Commercial closures, production
millions
Crowns production
thousand gross
Steel products, net shipments:
Total
thous. of short tons._
Bars hot rolled Carbon and alloy
do
Reinforcing
do
Semimanufactures
do
Pipe and tubes
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
239, 543
148, 689
90, 854
203, 920
1,344
29, 040
268, 022
164, 956
103, 066
224, 124
1,536
34, 006
276, 145
169, 462
106, 683
234, 605
1,485
31, 453
308, 227
206, 185
102, 042
259, 347
1,404
30, 282
309, 213
218, 700
90, 513
266. 927
1,313
28, 461
356, 274
263, 683
92, 591
318, 308
1,068
26, 861
483, 188
367, 257
115,931
428, 044
1,118
33, 638
417, 378
306, 610
110 768
371, 686
927
24, 692
374, 200
254, 635
119 565
333, 01 8
1,026
24, 625
263, 468
156,035
107 433
229, 422
820
19, 900
235, 107
140, 325
94 782
203, 902
r
774
r
16, 903
234 372
143, 997
90 375
195, 980
976
22, 717
5,776
644
141
258
631
522
115
1,641
167
197
353
299
442
7,105
792
161
306
824
681
160
1,937
189
238
452
397
524
6,635
736
141
272
757
653
162
1,821
184
217
412
361
495
6,939
787
162
293
801
716
166
1,847
187
204
430
396
513
6,646
734
152
292
770
685
161
1,739
180
173
409
425
493
5,989
689
151
303
681
653
146
1,617
128
146
397
347
345
6,756
744
184
322
785
691
165
1,719
191
185
407
430
492
6,207
712
160
314
719
657
139
1,548
162
185
386
358
456
6,844
785
170
315
809
684
165
1 716
184
199
442
394
505
6,509
778
155
283
784
666
136
1,693
165
184
421
327
479
6,411
748
162
313
708
146
1 590
154
180
409
352
441
6,589
797
168
285
811
707
156
1,644
180
186
427
298
477
62, 740
228, 436
70, 022
222, 030
67, 701
223, 503
67, 720
180, 141
67, 454
272, 903
72, 698
284, 318
73, 816
251, 283
69, 429
211,953
72, 647
275 407
72, 246
229 563
72, 454
213 877
76, 934
325 071
72, 330
.1575
.1600
.1723
.1725
.1725
.0775
.0775
.0775
.0775
.0775
.0775
.0775
.0775
190.5
40.8
149.7
95.6
.378
206.6
42.2
164.4
101.0
.378
192.2
40.2
152.0
94.7
.378
185.5
40.5
145.0
91.8
.377
182.3
36.0
146.4
88.6
.373
159.8
27.4
132.4
82.7
.373
187.6
35.5
152 0
91.5
.375
161.7
32.5
129 2
77 5
383
179 4
35.2
144 1
82 5
383
171 5
32.4
139 2
78.8
.383
175 2
r
40.9
134 3
75 5
383
195.6
46.4
149.1
81.3
73, 084
83, 171
82, 459
83,779
75,847
75, 407
67, 939
68, 989
81, 014
77,294
79, 167
81, 598
101, 054
99, 485
59, 324
16,027
44, 850
22, 005
22, 845
.2420
91, 243
112, 933
116, 793
55, 609
14, 457
36, 062
20, 952
15, 110
.2420
90, 794
103, 494
114, 744
52, 800
17, 652
43, 812
24, 047
19, 765
.2420
96, 541
113, 513
118, 113
60, 896
14, 041
46, 771
24, 892
21, 879
.2420
87, 103
105, 127
114, 103
60, 912
13, 162
48, 624
30, 602
18, 020
.2420
82, 577
93, 258
101, 095
68, 045
13, 535
46, 606
32 391
14, 215
.2420
73, 324
79, 613
104, 938
70, 937
6,714
58, 969
35 935
23, 034
.2420
74, 165
74, 354
121, 879
62,093
4,971
46, 566
27 551
19, 015
.2420
87, 896
104, 148
125, 286
78, 192
9,864
41, 780
18 150
23, 630
.2420
82, 617
103, 614
123, 646
68,160
16, 488
39, 694
13 131
26, 563
.2420
86, 680
98, 532
119, 577
71, 528
16, 599
36, 023
19 231
16, 792
.2420
33,008
31, 977
36, 655
36, 040
33, 122
34, 618
33, 706
33, 198
32, 312
32, 244
30, 194
29, 920
29, 686
29, 280
27, 620
27, 755
33, 110
31, 806
32, 326
28,775
33, 499
27, 273
43, 675
49, 128
27, 775
50, 701
50, 927
27, 259
44, 362
42, 033
29, 437
44, 951
40, 963
33, 420
39, 952
40, 041
33, 308
44, 864
44, 404
33, 504
31, 756
40, 252
24, 997
30, 474
31, 654
23, 640
34, 273
31, 164
26, 742
36, 234
37, 084
25, 871
36, 754
37, 274
25, 339
111
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production primary
short tons
Imports bauxite
long tons
Price, wholesale, scrap castings (N. Y.)
dol. perlb..
Aluminum fabricated products, shipments,
m
totaled
il oflbs
Castings
do
^^rought products totaled
do
Plate sheet and strip
do
Brass sheets wholesale price mill
dol per Ib
Copper:
Production:
Mine production, recoverable copper
short tons__
Crude (mine or smelter, including custom intake)
short tons,.
Refined
do
Deliveries, refined, domestic
do
Stocks, refined, end of month
do
Exports refined and manufactured
do
Imports, total
do
TJnrefined including scrap
do
Refined
do
Price, wholesale, electrolytic (N. Y.)--dol. per lb._
Lead:
Ore (lead content) :
Mine production
short tons
Receipts by smelters, domestic ore
do
Refined (primary refineries) :
Production
do
Shipments (domestic)
do__
Stocks end of month
do
Price, wholesale, pig, desilverized (N. Y.)
dol. per lb__
Imports, total, except mfrs. (lead content)
short tons
Tin:
Production, pig
long tons
Consumption pig
do
Stocks pig, end of month, total §
do
Government§
__
_
do
Industrial
do
Imports:
Ore (tin content)
do
Bars blocks pigs etc
do
Price, wholesale, Straits (N. Y.)
dol. per lb__
Zinc:
Mine production of recoverable zinc
short tons__
Slab zinc:
Production
do
Shipments, total
__ -.do
Domestic
do
Stocks, end of month
do
Price, wholesale, prime Western (St. Louis)
dol. perlb_ _
Imports total (zinc content)
short tons
For smelting, refining, and export
do
For domestic consumption:
Ore (zinc content)
do
Blocks pigs etc
do
r
r
77, 691
72,849
80,223
' 83, 192
100, 269
95. 979
104, 795
130, 430
59, 747
60,836
1
10, 598
49,583
16 677
32, 906
.2420
.2420
r
34, 864
28,501
34, 009
40, 148
43, 746
40,390
28, 578
44, 133
41,291
31, 297
.1900
.1700
.1700
.1700
.1700
.1700
.1700
.1700
.1700
.1900
.1900
.1900
.1900
12, 898
14, 916
21, 628
11, 201
18, 397
11,728
26, 950
13,658
20,707
20,009
25, 762
15, 397
3,423
4,976
37, 933
17, 753
19, 352
3,491
5,152
38, 159
18, 151
19, 676
3,395
4,984
36, 232
17, 753
18, 244
3,420
5,295
35, 446
19, 906
15, 435
2,994
5, 093
32, 091
18, 105
13, 917
2,701
4,719
31, 855
18, 944
12, 749
2,797
5, 175
28, 393
16, 091
12, 236
2,414
4 947
27, 614
15, 789
11, 790
2,353
5 014
24, 242
12, 629
11, 508
2,055
4, 595
22, 504
10, 454
11, 909
1,972
4 397
19, 646
8,556
11, 018
3, 151
2,263
1. 8268
2,753
4,225
1. 4546
2,204
2,274
1. 4583
1,349
1,213
1. 3996
2,924
1,868
1. 1805
2 663
2 321
1. 0600
2,430
1 172
1. 0300
591
1,865
1. 0300
4 545
1 969
1. 0300
654
1 188
1.0300
1,819
1 591
1. 0300
4,868
144
1,005
1. 0973
r
3,810
1. 2150
54, 575
60, 564
56, 257
58,779
56, 546
53, 126
54, 364
50,118
60, 546
57, 195
57, 269
60, 233
58,774
70, 285
69, 380
64, 784
11, 117
80, 450
80, 462
70, 845
11, 105
77, 862
74, 419
69, 125
14, 548
80, 430
77, 567
73, 093
17, 411
77, 679
79, 299
74, 149
15, 791
78, 955
83, 346
76, 461
11, 400
74, 035
74,191
65, 696
11, 244
70,623
64, 632
58, 436
17,235
79, 432
73, 583
68, 365
23, 084
79, 376
77, 419
70, 084
25, 041
81, 769
84, 909
73, 694
21, 901
83,205
78, 403
75, 039
26, 703
77, 296
77, 448
70, 928
26, 551
.1750
23,528
3,100
.1750
26 375
3,720
.1750
23 938
2,263
.1750
30, 140
2,269
.1750
42 728
2,878
.1750
34 413
3,057
.1750
32 908
4,098
.1750
19 858
2,246
.1950
17 556
2,309
.1950
21, 537
5,411
.1950
24, 061
6,473
.1950
18, 739
2,306
.1950
15, 603
4,825
15,292
7,363
10, 925
10 750
13, 614
14, 257
31, 617
8 233
23 773
7 583
23,606
5 204
12, 406
5,206
7,233
8 014
9,134
6,992
9,863
7,725
11, 769
4,664
11, 168
69, 677
11,318
73, 039
2,470
7,784
2,784
8,382
HEATING APPARATUS, EXCEPT
ELECTRIC
Boilers, radiators and convectors, cast iron:
Boilers (round and square) :
11, 461
22,129
19, 456
10, 443
19, 335
19, 458
12, 898
12, 770
18, 748
31, 080
Shipments
thous of Ib
52, 712
71, 374
57, 400
80, 306
68, 584
67, 150
87, 101
87, 007
82, 630
Stocks, end of month
do
86, 777
Radiation:
3 564
4,056
2 220
4 311
4 658
3 550
2 413
3 512
2 284
4 798
Shipments
thous of so ft
9,024
9,420
8,690
3,099
4,842
7,572
7,860
Stocks, end of month
do
3,717
8,699
6,805
r
1
Revised.
Data beginning 1952 are in accordance with the revised export schedule and include certain primary forms of copper manufactures formerly
exports amounted to about $1.5 million in January-September 1951.
cf See note in June 1951 SURVEY regarding additional reporting companies beginning February 1951.
§ Government stocks represent those available for industrial use; total stocks include small amount not distributed.
excluded; the value of such
SURVEY OF CURKENT BUSINESS
S-34
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
April 1952
1952
1951
February
March
April
May
June
July
August
September
October
November
December
January February
METALS AND MANUFACTURES—Continued
HEATING APPARATUS— Continued
Boilers range shipments
number
Oil burners:
Orders unfilled end of month
do
Shipments
do
Stocks end of month
do
Stoves and ranges, domestic cooking, excl. electric:
Shipments total
number
Coal and wood
do
Gas (incl. bungalow and combination) _ _ _ d o
Kerosene gasoline and fuel oil
do
Stoves, domestic heating, shipments, total. ..do
Coal and wood
do
Gas
do
Warm-air furnaces (forced-air and gravity-air flow),
shipments total
number
Gas *
do
Oil
do
Solid fuel
do
35, 807
42, 122
47, 407
47, 218
43, 174
28, 467
31, 113
29, 819
30, 543
32, 370
26, 485
31, 193
62, 963
58, 550
64, 586
56, 894
55, 421
69, 485
53, 729
46, 877
75, 071
52, 592
41, 984
88, 512
48, 487
47, 219
91, 674
53, 854
44, 503
94, 365
48, 433
63, 578
89,038
48, 633
75, 421
83, 815
44, 987
92, 698
71, 476
35, 843
63, 705
71, 886
38, 033
39, 830
76, 102
40, 256
45, 748
77, 518
281, 362
10, 939
255, 112
15, 311
318, 455
12, 714
290, 989
14, 752
243, 574
8,447
225, 879
9,248
195, 121
7,911
178, 490
8,720
147, 757
9,201
129, 107
9,449
131, 695
6,313
116,952
8,430
187, 677
10, 028
169, 224
8,425
206, 276
11, 741
184, 815
9,720
236, 588
11, 330
212, 168
13, 090
216, 048
11, 549
193, 123
11, 376
168, 114
9,470
150,777
7,867
184, 275
9,501
166, 669
8,105
270, 429
50, 814
128, 797
90, 818
311, 433
62, 291
159, 485
89, 657
285, 184
55, 400
164, 258
65, 526
286, 878
66, 439
131, 847
88, 592
286, 533
69, 997
141, 063
75, 473
350, 491
77, 824
158, 146
114, 521
451, 971
130, 600
168, 005
153, 366
454, 222
136, 644
177, 108
140, 470
575, 615
179, 021
241, 322
155, 272
452, 579
124, 696
200, 348
127, 535
181, 159
46, 528
78, 747
55, 884
145, 268
22, 761
63, 696
58,811
71, 966
35, 969
24, 957
11, 040
254, 525
79, 239
41, 180
24, 584
13, 475
265, 122
60, 337
30, 033
19, 616
10, 688
235, 355
56, 282
26, 897
19, 227
10, 158
200, 599
61, 910
28, 232
22, 114
11, 564
163, 220
55, 045
23, 500
21, 783
9,762
127, 046
77, 192
29, 780
30, 630
16, 782
153,809
87, 412
33, 329
37, 290
16, 793
160, 433
105. 689
40, 780
44, 326
20, 583
181, 623
83, 667
36, 953
34, 766
11, 948
173, 056
55, 281
26, 771
22, 565
5, 945
146, 203
49, 959
24, 272
20, 489
5,198
171, 337
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly:
Unit heater group, new orders
do
Foundry equipment (new), new orders,
net
_
1937-39=100.
Furnaces, industrial, new orders:
Electric
thous of dol
Fuel-fired (except for hot rolling steel)
do
Machine tools:
New orders
1945-47=100
Shipments _ _ __
_ do
Mechanical stokers, sales:
Classes 1, 2, and 3
number
Classes 4 and 5:
Number
Horsepower
__ _ .
Pumps, steam, power, centrifugal and rotary, new
orders
thous. of dol__
37, 314
14, 583
37, 055
17, 112
29, 900
16, 342
31 637
13, 570
638.6
490.1
431.7
393.2
390.3
404.5
346.5
372.4
305.5
230.5
404.5
200.4
4,846
7,019
3,657
8,497
4,766
5,044
3,370
6,279
5,587
5,284
3,891
4,850
3,250
1,821
3,172
6,374
2,882
2,519
2,100
2,873
2,856
3,379
1,363
2,418
615.5
123.8
r
599.0
3,212
4,670
590.3
158.9
516.1
157.7
483.0
175.1
558.8
182.8
490.6
144.7
380.2
189.8
403.9
221.3
330.5
226.0
376.5
264.7
' 347. 8
r
266. 6
* 316. 2
P 278. 4
3, 001
r
r
488.9
178.9
r
r
I, 176
974
1,327
' 1, 391
3,189
1,998
' 1, 095
1,327
1,145
163
38, 095
178
65, 561
177
72, 575
184
56, 624
234
78, 390
••191
52, 155
238
r
61, 785
239
'60,984
289
60, 610
152
35,707
'115
21, 284
161
43, 931
115
57, 455
6,480
7,654
7,583
6,371
6, 852
8,358
5,911
6,552
6,506
5,908
5,553
5,517
6,020
1,113
1,790
1,400
1,366
1, 614
2,118
2,055
2,498
2,112
1,696
' 1, 621
963
330
290, 242
376, 458
242
227, 216
298, 797
183
201, 983
262, 734
154
194, 548
261, 648
118
161, 002
143, 436
98
191, 299
242, 975
115
210, 086
319, 475
113
259, 469
304, 131
87
219, 119
268, 645
115
230, 263
224, 471
662
626
614
610
494
539
521
559
511
466
9, 279
i 8, 911
18,583
i 8, 626
i 7, 136
7, 230
i 7, 389
i 8, 032
i 7, 513
i 6, 833
4,251
5,233
4,185
5,383
4,701
5,461
4,802
5,462
4,711
4,170
1, 517
1, 601
r
2, 825
r
r
r
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipr
1,469
ments
thousands
Domestic electrical appliances, sales billed:
238
Refrigerators, index
_
1936—100
Vacuum cleaners, standard type
number.. 261, 572
345, 994
Washers©
_
do
Insulating materials and related products:
552
Insulating materials, sales billed, index 1936=100
Fiber products:
Laminated fiber products, shipments
thous. of dol. . * 7, 552
Vulcanized fiber:
Consumption of fiber paper
thous. of lb_.
5,153
Shipments of vulcanized products
2,000
thous. of dol. .
Steel conduit (rigid) and fittings, shipments 9
23,389
short tons..
Motors and generators, quarterly:
New orders, index
.1936=100
1
Polyphase induction motors, 1-200 hp.-d
New orders
thous. of dol
Billings
do
Direct current motors and generators, 1-200 hp. :c"
New orders
thous. of dol__
Billings ...
do
1
1
' 230, 226
218, 956
1
8, 115
4,836
235, 936
261, 512
1
7, 830
4,484
2,351
2,287
2,237
2,155
1,847
2,129
1,711
1,804
1,523
1,232
1,646
1,618
28,590
27, 464
27, 891
27, 749
23, 890
25, 017
25, 941
26, 680
26,409
23,871
25 982
25, 530
780
696
64,221
40,357
56, 573
48, 166
44, 878
42, 438
44, 189
40 722
10, 666
6,082
12, 779
7,690
9,160
5,832
10, 713
6,619
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thous of short tons
Stocks in producers' storage yards, end of month
thous. of short tons..
Exports
do
Prices, chestnut:
Retail, composite.
_
dol. per short ton
Wholesale, f. o. b., car at minef
do
Bituminous:
Production
__ thous. of short tons..
Industrial consumption and retail deliveries,
total § thous of short tons
Industrial consumption, total §
do
Beehive coke ovens...
do .
Byproduct coke ovens
do
Cement mills
do
Electric-power utilities.
do
Railways (class I)
do
Steel and rolling mills
:
do
Other industrial §
do.
Betail deliveries §.
do
o fiio
3 522
2 183
2 602
3 622
3 743
2 770
3 514
3 178
4 ^48
4 nifi
816
323
740
197
732
227
747
414
792
475
877
526
1,005
605
1,145
706
1,161
892
1,055
637
982
583
23.24
14. 450
23.48
14. 450
23 35
13. 905
22 50
13. 775
22 82
13. 989
22 96
14 156
23 22
14 319
23 32
14 513
23 55
14 513
23 66
14 513
99 07
90 f>7
90 C7
14 513
14 513
H c-iq
40, 121
44, 839
43, 362
43,536
34, 103
44,123
49, 900
r 34 592
r 33 869
' 31, 286 ' 30, 150
974
982
8 708
8 465
685
695
7,664
7,728
4,367
3 985
568
609
' 8, 269 r 7, 737
r 3 719
r 3 306
r 33 214
r
29^ 602
836
8 706
699
7,743
r 42 412 r 42 785
«• 32, 891
' 36,' 162
1,038
983
7,665
8,584
638
702
8,300
8,714
4,901
5,398
765
767
' 9, 584 «• 10, 014
T
r
9, 521
7 623
41, 972
r 3(5 955
"31, 912
905
8,413
685
7,583
4,798
671
r
8, 857
r 5 043
r 3 gl4
534
«• 7, 270
r 3 612
47, 184
r
r
36 656
31, 521
990
8 742
701
8,625
4 064
579
'7,820
r 5 135
r
Q74
939
534
42, 954
r
r
51, 797
49, 340
35 7154
r 4O ftft9
r At 43R
30, 190
850
8 454
688
8,288
3 902
544
'7,464
r 5 564
* 33, 244
971
8 691
728
9,236
4 252
625
r
8, 741
' 34, 027 ' 34, 660 ' 34, 895
r 971
r QQS
933
o fV7O
8 367
r R YKQ
7ft 1
7KQ
9,382
9,267
A XfiQ
4 344
705
758
' 9, 515 ' 9, 773
r 7 4OS
r ft 14°.
' Revised.
* Preliminary.
* Data for January-August 1951 and beginning January 1952, cover 14 companies; September-December 1951, 15 companies.
©Figures through 1951 are estimated industry totals; thereafter, data cover reporting companies only (representing about 97 percent of total industry)
9 Beginning January 1952, data include sales of an additional firm; earlier data will be revised later.
cf The number of companies reporting is as follows: Polyphase induction, 1st half of 1951, 32; 2d half of 1951, 33; direct current, beginning 1951, 28.
§Revisions for January 1951 (thous. short tons): Industrial consumption and retail, total, 47,623; industrial, total 36,924; other industrial 10,590; retail deliveries, 10 699
tRevised series. Data formerly shown were quotations on tracks, destination.
r Q
9,540
775
9,783
1,005
43, 770
39, 598
31, 768
8, 171
673
8,434
743
8,932
7,830
SUEVEY OF CURRENT BUSINESS
April 1952
S-35
1952
1951
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in. the
1951 Statistical Supplement to the Survey
February
March
April
May
July
June
August
September
October
November
December
January
February
PETROLEUM, COAL, AND PRODUCTS—Continued
COA L—-Continued
Bituminous— Continued
Consumption on vessels (bunker fuel)
thous. of short tons__
Stocks, industrial and retail dealers', end of month,
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
__ _ __ do_ __
Exports _ _ _
. _ _ . _ _ _ do
Prices:
Retail, composite
dol per short ton
Wholesale:
Mine run, f. o. b. car at minet
- do
Prepared sizes, f. o. b. car at minet
do
COKE
Production:
Behi ve §
thous. of short tons
Byproduct
do
Petroleum coke
do
Stocks, end of month:
Byproduct plants, totaldo_ _
At furnace plants
do
A t merchant plants _
do
Petroleum coke _ _
do
Export^
do
Price, beehive, Cornells ville (furnace)
dol. per short ton__
37
41
90
110
98
93
96
86
104
91
35
70, 662
68, 754
16, 374
1,318
25, 875
5,046
1,044
19, 097
1,908
71, 425
69, 813
16, 751
1,243
26, 529
4,854
1,091
19, 345
1,612
72, 081
70, 550
16, 462
1,232
27, 571
4,739
1,143
19, 403
1,531
74, 807
73, 109
16, 175
1,266
29, 826
4, 567
1,232
20, 043
1,698
76, 992
75, 258
16, 247
1.333
31, 060
4,999
1,195
20, 424
1,734
74, 100
72, 248
14, 035
1,316
31, 635
4, 426
1,168
19, 668
1, 852
75, 414
73, 492
14, 449
1,339
32, 392
4, 331
1,156
19, 825
1,922
76, 245
74, 352
14, 426
1, 353
33, 098
4,245
1,147
20, 083
1,893
78, 019
76, 080
14, 953
1,420
34, 162
4,126
1,155
20, 264
1,939
77, 858
75, 948
15,123
1, 508
34, 104
4, 163
1, 151
19, 899
1,910
76, 636
74, 886
15, 270
1, 424
33, 398
4,172
1,181
19, 441
1,750
r 75, 423
' 73, 792
r 14, 827
2,412
3,207
4, 740
5,485
5, 231
4,824
6,178
6,104
6,387
5,420
4,478
5,163
16.94
16.97
16.96
16.68
16.65
16. 74
16.76
16. 84
17.01
17.03
17.08
17.12
17.13
5. 722
7. 026
5.711
6.942
5.729
6. 588
5. 677
6. 583
5. 769
6.610
5.658
6.533
5.646
6. 581
5. 680
6.679
5.697
6.718
5.697
6.756
5. 697
6.773
5. 697
6.773
5 697
6. 769
610
5,399
288
641
6,042
297
561
5, 911
286
608
6,122
335
625
5,943
315
526
6, 104
326
616
6,152
319
547
5,923
316
629
6,114
328
619
5, 882
335
625
6,114
325
r
637
6, 108
331
597
5,770
1,089
932
137
116
51
1,266
1,134
132
118
50
1,410
1,219
191
125
59
1,445
1,211
233
123
62
1,395
1,135
260
112
90
1,518
1,175
343
99
94
1,626
1,204
422
97
122
1,764
1,298
466
94
100
1,815
1, 306
509
82
126
1,758
1,264
495
83
111
1,738
1, 295
443
104
109
1, 810
1,421
389
134
112
1, 765
1, 455
310
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
1,518
166,041
96
183, 745
1,895
187,624
96
200, 535
1,769
183,800
91
185, 488
2,074
191, 268
94
199, 521
1,975
183, 898
97
197, 246
1,896
190, 362
95
200, 322
2, 307
193, 201
96
202, 721
1,975
187,816
97
196, 752
2,014
197,610
95
199, 826
2,040
188, 149
97
198, 258
1,947
191, 650
98
206, 032
2, 151
192,712
94
205, 829
235, 247
56, 260
161, 556
17, 431
233, 824
58, 671
157, 710
17, 443
243, 180
63, 366
162, 444
17, 370
248, 418
65, 365
165,500
17, 553
248, 170
65, 536
164, 934
17, 700
250, 847
67, 046
166, 077
17, 724
254, 276
65, 501
171,074
17, 701
254, 900
64,916
171,730
18, 254
262, 266
65, 388
179,173
17, 705
261, 100
65, 297
177, 982
17, 821
255, 783
62,311
175, 481
17, 991
254, 007
62, 436
173, 471
18, 100
2,471
12, 772
2.570
2,640
14,144
2.570
3, 615
15, 081
2.570
1,791
16,019
2. 570
2,342
16, 487
2.570
2,320
17, 612
2. 570
2,361
15, 232
2. 570
2,199
14, 458
2.570
1,947
14, 473
2.570
1,858
13, 050
2. 570
2,147
11, 953
2. 570
2,303
15, 909
2.570
39, 742
38, 696
41, 129
41, 771
35, 139
36, 908
37, 500
39, 202
37, 614
38, 303
38, 067
39, 516
38, 335
37, 993
38, 453
36, 843
40, 159
37, 944
40, 726
39, 111
44, 693
40, 693
45, 141
41, 483
57, 233
' 54, 382
62, 439
56, 366
19
r 1, 361
32, 092
4, 161
1, 213
19, 538
1,631
19
76, 474
74, 967
15, 786
1.342
32,710
4, 2H7
1 , 276
19, 616
1,507
PETROLEUM AND PRODUCTS
Crude petroleum:
Wells completed
_ __
___number
Production.
_ thous. of bbl__
Refinerv operations
percent of capacity
Consumption (runs to stills)
thous. of bbl__
Stocks, end of mont-hrc?
Gasoline-bearing in U. S., total
do_
At refineries
do
At tank farms and in pipelines
do
On leases
do
Exports.
_
do
Imports
do
Price (Oklahoma-Kansas) at wells. _dol. per bbi_Refined petroleum products:
Fuel oil:
Production:
Distillate fuel oil
thous. of bbL.
Residual fuel oil
do_ .
Domestic demand:
Distillate fuel oil
do
Residual fuel oil
_ _ - _
do
Consumption by type of consumer:
Electric-power plants
_ _
do
Railways (class I)
do
Vessels (bunker oil)
do
Stocks, end of month:
Distillate fuel oil
do._
Residual fuel oil
___
do_
Exports:
Distillate fuel oil
do. .
Residual fuel oil__
do
Prices, wholesale:
Distillate (New York Harbor, No. 2 fuc-1)
dol. per gal__
Residual (Okla., No. 6 fuel).-, dol. per bbl__
Kerosene:
Production
__thous. of bbl
Domestic demand,
do.
Stocks, end of month .
_ _ _ _ _ do
Exports
do
Price, wholesale, bulk lots (New York Harbor)
dol. pel gal__
Lubricants:
Production _ _ _ . _ ___ _ _ _ _ _ . thous. of bbl
Domestic demand
_
do. _
Stocks refinery end of month
do
Exports©
- -do
Price, wholesale, bright stock (mic'eontinen.
f. 0. b. Tulsa)
dol. per gal__
50, 085
51, 101
45, 046
53, 568
32, 185
46, 841
25,519
44, 104
24, 132
42, 153
24, 277
39, 400
27, 185
40, 454
27, 271
39, 547
31, 655
45, 016
47, 221
50, 982
5,573
3,594
5,008
5,527
4,251
5,846
4,811
3,889
6,753
4,508
3,658
6,663
4,544
3,415
6,177
4,375
3,338
5,790
5,038
3,517
6,750
5,072
3,218
6,250
5,440
3,486
6,491
5,949
3, 313
6,331
6,295
3, 244
15, 484
6,068
4,775
6,906
6, 447
47, 587
39, 409
42, 978
37, 516
44, 736
36, 910
55, 273
39, 317
67, 839
41, 566
79, 437
45, 163
87, 432
47, 243
96, 241
48, 212
102, 561
48,415
94, 917
45, 378
80, 785
42, 063
i 66, 969
i 39, 523
643
644
773
1,077
1,361
982
1,884
2,679
1,149
2,471
2,280
3, 119
3,203
3,005
2,554
2, 962
2,410
2,553
1,185
1,962
1, 854
2, 000
1,894
1,831
.091
1.750
.091
1.750
.091
1.750
.091
1.750
.091
1.750
.091
1.750
.091
1.750
.091
1.750
.091
1.690
.091
1.650
.091
1, 650
.091
1.650
11,475
14,789
13, 150
125
12, 371
11,788
13,657
40
11,511
8, 678
16, 262
185
10, 698
5,877
20, 331
667
9, 815
5,494
24, 169
388
10, 220
6,490
27, 277
592
10, 506
6,455
30, 241
1,000
10, 915
6,640
33, 106
1,326
11, 262
10, 171
33, 382
703
12, 083
14, 960
29, 948
538
r
r
12, 171
16, 744
24, 933
387
1
.091
1.500
13, 040
16, 485
22, 679
752
.101
.101
.101
.101
.101
.101
.101
.101
.101
.101
.101
.101
4,339
3,115
8,386
934
5,108
3,691
8,209
1,533
5,175
3,550
8, 393
1,377
5, 454
3, 850
8,451
1,477
5,094
3, 632
8,444
1,387
5, 241
3,348
8, 662
1,593
5, 379
3, 5P2
8, 875
1,469
4,905
3,313
8,866
1. 527
5, 432
4,OPO
8,914
1.236
5,144
3, 421
9,111
1,441
5,157
3,163
9, 617
1, 429
4, 963
3,806
9, 431
1,292
.290
.290
.290
.290
.290
.290
.290
.290
.290
.290
.290
.290
!
Revised.
New basis. Comparable data for December 1951 (thou s. bbl.):D istillate fue 1, 85,872; n3sidual fue , 42,955; ke rosene, 26, 940.
jRevised series. Data formerly shown were quo tations on tracks, des ;ination. Figures for January 1951: Mine run, $5.573 , prepared sizes, $6.84 5.
§Revisions for 1950 will be shown later.
cf Incl udes stocks of heavy c rude in Ccilifornia.
©Excludes "special category" exports not show] i separate!]f for securi ;y reasons.
r
r
2. 570
.101
.290
SUEVEY OF CURRENT BUSINESS
S-36
.
April 1952
1952
1951
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
February
March
April
May
June
July
August
September
October
November
December
95, 859
100, 039
98, 551
84, 976
18, 191
88, 800
18, 941
87 446
19, 058
7,702
8,838
84, 394
7 953
8,459
86, 293
105, 117
58, 160
6,911
8,379
4,098
117, 235
70, 051
7,747
r
8, 186
3,449
136, 161
81 054
8, 178
7 896
2,558
.104
.129
.203
M03
.129
.203
.103
.129
.200
6,390
5, 266
7,726
3, 853
6,555
5,435
8,277
4,356
6,409
5, 480
8,404
4,483
January
February
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Motor fuel:
All types:
87, 319
83, 752
93, 378
96,811
96, 154
Production, total
thous. of bbl...
98, 643
98, 799
96, 115
98, 510
Gasoline and naphtha from crude petro74, 335
76, 826
85, 691
82, 140
85, 417
leum
thous. of bbl__
87, 851
87, 875
85, 004
86, 942
15,631
17, 780
16, 646
16, 708
15, 932
16, 367
16, 977
17,069
Natural gasoline an d allied prod ucts _ _ do
18, 167
Sales of 1. p. g. for fuel, etc., and transfers
6,215
6,214
5, 526
6,542
5, 195
5, 575
6,053
6,599
of cycle products
thous of bbl
5,958
7,803
8,274
7,028
7,997
7. 586
7,982
8,658
8,804
9,318
Used at refineries
do
100, 188
96, 093
72, 717
86, 846
87, 430
100, 476
101, 206
99, 945
91, 803
Domestic demand
- _-do_ _ Stocks, gasoline, end of month:
119, 769
129, 537
133, 465
123, 830
113, 734
130, 501
106, 704
106, 547
101, 837
Finished gasoline, total
do
85, 096
79, 357
73, 652
70, 363
84, 250
67, 250
61, 120
58, 364
56, 984
At refineries
do
7,991
8, 687
8,431
7,826
7,748
7, 706
7,742
6,963
7,600
Unfinished gasoline
__do
8,109
9,079
7,842
8,522
10, 043
10, 065
9,003
9,883
9,578
Natural gasoline and allied products do
1,846
2,239
3,438
1,097
1,945
2,520
3,293
4,103
Exports cf
- --do
4,027
Prices, gasoline:
Wholesale, refinery (Oklahoma) group 3
.104
.104
.104
.104
.104
.104
dol. per gal__
.104
.104
.104
.129
.129
.129
.129
.129
.129
.129
.129
.129
Wholesale, regular grade (N. Y.)*
do
.205
.203
.206
.201
.202
.200
.201
.202
Retail service stations, 50 cities _ __do
.203
Aviation gasoline:
5, 523
6,113
5,765
5,010
6,265
6,487
5,931
6,390
5,950
Production total
thous. of bbl
4, 464
4,144
5,017
4,426
4,663
4,792
4,900
5,159
4,853
100-octane and above
do
8,566
8,590
8, 305
8,595
8, 005
8,255
7,564
7,726
7,915
Stocks total
-do_
3,844
4,053
3,817
4,048
4,006
3,895
3,837
3,925
4,369
100-octane and above
__do
Asphalt:
915, 600 1,123.600 1, 205, 600 1, 286, 700 1, 363, 600 1,247,100 1, 225, 300
806, 500
Production
short tons _ 643, 300
814,400
1, 282, 700 1, 468, 000 1, 572, 500 1, 546, 900 1,459,300 1,296,500 1, 064, 200
947, 800
Stocks refinery end of month
do
Wax:
122, 360
110,320
122,640
131,320
115,920
113,680
104, 440
108, 640
100, 520
Production
thous. of Ib
152, 600
162, 400
168, 280
179, 200
140, 840
188,440
197, 680
193, 200
Stocks refinery, end of month
_ do__ _ 139, 440
Asphalt products, shipments:
4,800
5,461
' 4, 439
4,795
4,900
4,594
5,357
5,793
6,485
Asphalt roofing, total
thous. of squares..
Roll roofing and cap sheet:
961
991
1,182
1,290
1,052
1,038
1,320
' 1, 147
1,478
Smooth-surfaced
- do_ _
1,128
1,034
1,025
1,203
1,016
1,355
1,348
' 1, 032
1,595
Mineral -surfaced
do
r
2,864
2,828
2,608
2,682
2,931
2,727
3,118
3,412
2, 260
Shingles, all types
-- do —
124
147
130
182
193
139
172
262
'172
Asphalt sidings
do_ __
51, 134
64, 999
67, 044
71, 673
42, 093
49, 892
47, 287
59, 304
61, 158
Saturated felts
short tons__
7,308
8,917
88, 702
r
.103
.129
.199
671, 300
884, 700
605, 600
975, 600 1, 203, 600 1, 331, 500
101,080
196, 280
92, 400
202, 440
98, 280
194, 040
4,104
2,481
3,516
3,549
1,031
1,079
1,994
190
44, 726
639
662
1, 180
117
32, 544
928
8S2
1,705
163
44, 641
876
861
1,811
144
46,644
PULP, PAPER, AND PRINTING
PULP WOOD AND WASTE PAPER
Pulpwood:
Receipts
thous. of cords (128 cu. ft.)_.
Consumption
_ do
Stocks end of month
- do_ _ _
Waste paper:
Receipts
short tons__
Consumption
-- do_ _ _
Stocks end of month
__
- do_ __
r
2, 699
' 2, 339
' 5, 445
2,169
1,985
4,336
2,339
2,257
4,419
1,968
2,224
4,179
2,214
2,339
4,050
2,383
2,258
4,180
2,309
2,104
4,388
2,720
2,293
4,819
2,288
2,124
4,980
2,503
2,366
5,118
824, 075
840, 384
416, 826
904, 918
870, 516
450, 186
878, 247
850, 183
479, 554
882, 722
890, 776
469, 658
847, 003
824, 615
490, 788
722, 774
667, 582
547, 347
778, 627
757, 434
562, 352
676, 423
663, 649
576, 931
725, 043
724, 715
572, 481
644, 616 r 548, 752 •• 665, 051
620, 907
640, 925 ' 544, 983 ' 657, 518 632, 273
580, 985
586, 602 r 589, 340 »• 593, 508
1,402
188, 992
551, 605
197, 986
66, 461
38, 611
215, 998
67, 000
1,414
192, 303
540, 138
193, 598
68,017
38, 122
209, 937
98, 000
1,484
198, 043
567, 270
204, 644
65, 900
40, 607
222, 535
106, 000
1,400
188, 582
538, 139
191, 077
63, 253
34, 908
210, 681
101, 000
1,329
177, 229
522, 335
182, 262
58, 586
29, 921
197, 911
94, 500
1,438
198, 499
550, 868
206, 044
61, 287
38, 777
208, 437
98, 302
1,317
171, 930
505, 980
186, 638
61, 177
36, 941
194, 055
88, 000
1,470
198, 261
570, 792
209, 922
68, 807
39, »39
214, 370
85, 319
1,416
197, 916
548, 166
205, 199
61,363
37, 957
203, 712
83, 192
' 1, 436
1,277
167, 475 ' 199, 797
490, 399 ' 559, 914
191,814
208, 833
62, 126 r 63, 214
35, 526 r 39, 480
207, 014
192, 799
77, 195 ' 83, 501
94, 753
13, 787
7,500
20, 129
11, 799
1,039
38, 261
100, 406
13, 112
9,499
21, 632
13, 144
862
39, 953
102, 953
12, 994
10, 171
24, 583
11, 158
571
40, 487
110, 894
15, 363
12,911
26, 138
10, 990
1,088
40, 841
111, 130
11, 830
13, 685
27, 997
12, 210
987
40, 852
105, 430
11, 920
12, 542
26, 187
11, 579
803
38, 601
110, Oil
14,244
12, 525
27, 160
13, 054
1,088
37, 954
106, 227
13, 650
12, 871
26, 290
13, 012
1,129
34, 432
102, 792
14, 142
12,413
23, 293
11, 480
1,927
34,880
107, 057
8,718
11, 462
29, 508
12, 184
1.816
37, 969
108, 352
11,150
12, 583
26, 472
'11,219
1,540
•• 39, 227
11, 520
199, 584
36, 395
27, 134
52, 128
47, 625
3 025
32, 183
19, 048
180, 732
41, 549
22, 080
46, 365
40, 383
3,007
26, 451
24, 282
228, 620
50, 949
36, 668
52, 594
52, 525
2,995
31, 714
19, 489
232, 277
51, 391
39, 253
49, 634
57, 787
2,717
29, 489
10, 711
213, 392
47, 001
31, 179
50, 379
53, 221
2 625
27, 199
12,007
189, 442
45, 102
21, 664
46, 465
47, 888
2,988
24, 715
12, 794
164, 897
39, 227
23, 749
42, 862
35, 741
2,489
19, 450
11,046
196, 712
47, 668
22, 060
51, 003
44, 078
2,859
27, 202
27, 758
172, 963
42. 268
17, 928
44, 744
42, 072
2,767
21, 973
23, 583
169, 404
45, 108
18, 961
39, 849
41, 971
2,430
20, 106
14, 540
176, 358
43, 560
21, 858
42, 074
47, 656
2,273
17, 974
All paper and paperboard mills:
Paper and paperboard production, total
2,207
' 2, 103
2,372
2,319
1,996
2,018
2,406
2,283
thous. of short tons__
r
974
1,101
1,106
1, 025
1,105
1,043
1,146
1,148
Paper (incl. building paper)
do_ __
r
1,091
1,055
989
987
1, 114
903
873
1,126
Paperboard
do
103
92
123
132
119
113
127
113
Building board
_--do_ __
r
Revised.
cf'Excludes "special category" exports not shown separately for security reasons.
*New series. Prices are for bulk lots, f. o. b. refineries. January 1951 price, $.129; quotations prior thereto will be shown later.
2,220
1,166
939
115
2,049
1,088
857
104
* 1,847
r
1,022
743
82
2,105
1,118
892
95
WOOD PULP
Production:
' 1, 235
Total, all grades
thous. of short tons_.
Bleached sulphate
short tons _ r 159, 334
r 488, 673
Unbleached sulphate
-- -- do_
* 181, 001
Bleached sulphite
-- do
>• 60, 166
Unbleached sulphite
do
Soda
-do_ __ r 35, 545
195, 439
Groundwood
do
50, 000
Defibrated exploded etc
do__
Stocks, own pulp at pulp mills, end of month:
'
Total all grades
short tons__ r 97, 398
13, 562
Bleached sulphate
do
8,871
Unbleached sulphate
do
Bleached sulphite
__do__»_ «• 23, 385
11, 502
Unbleached sulphite
do
648
Soda
do
37, 282
Groundwood
do
Exports all grades, total
Imports all grades total
Bleached sulphate
Unbleached sulphate
Bleached sulphite
Unbleached sulphite
Soda
Groundwood
-
_ _ _
-
- --
__do _ _
do
__do
do
- do
_.do
do
do
14, 909
195, 700
42. 509
34, 478
47, 852
44, 898
2,357
22, 71 T
2,172
2,305
4,987
' 2, 213
r
2, 102
r
5, 072
2,560
2,217
5,787
1,375
199, 614
526, 047
201, 024
59, 548
37, 651
194, 723
82,763
113, 520
12, 547
14, 339
27,902
10, 100
1,781
38, 912
PAPER AND PAPER PRODUCTS
2,006
1,048
859
99
SURVEY OF CURRENT BUSINESS
April inr>2
S-37
1951
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
February
March
April
July
June
May
19 52
August
September
October
November
December
January
February
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS— Con.
Paper, ex el. building paper, newsprint, and paperboard (American Paper and Pulp Association):
Orders, new
_ short tons.
Orders, unfilled, end of month
do
Production
do_
Shipments
_
do_ __
Stocks, end of month
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. Production
do
Shipments
- - _-do
Stocks end of month
do
Price, wholesale, book paper, "A" grade, English finish, white, f. o. b. mill*_.dol. per 100 lb- Coarse paper:
Orders, new
short tons_.
Orders unfilled end of month
do
Production
_do_
Shipments
do
Stocks end of month
_do
Newsprint:
Canada (incl. Newfoundland):
Production
_ _.
__do
Shipments from mills
do
Stocks, at mills, end of month
_ do
United States:
Consumption by publishers
_
-do
Production
_ _ _
do
Shipments from mills
do
Stocks, end of month:
At mills
do
At publishers
_ _ _ __do
In transit to publishers
_do
Imports
do
Price, rolls, contract, delivered to principal
ports*
dol per short ton
Paperboard (National Paperboard Association):
Orders, new
short tons_.
Orders, unfilled, end of month..
do
Production total
do
Percent of activity
- _ _ __
Paper products:
Shipping containers, corrugated and solid fiber,
shipments
mil sq ft surface area
Folding paper boxes, value:
New orders
1936=100-.
Shipmcnts
do
821, 801
884, 769
821, 858
817, 717
292, 998
964, 941
905, 445
984, 495 1, 013, 760
917,112
875, 512
916,683
877, 033
293, 423
293, 832
886, 155
988, 500
909, 757
901, 561
301, 420
882, 150
812, 496
984, 305 1,025,263
885, 285
783, 778
886, 429
770, 991
300, 270
312 183
854, 043
983 823
894, 740
895, 659
311 254
835, 693
982, 593
851, 819
837, 409
325 907
942, 156
976 913
946, 158
947, 030
325 035
103, 864
146, 200
99, 753
96, 800
64, 245
110, 114
140, 035
115, 661
116, 276
63, 630
119, 245
147, 000
113, 501
112, 245
64, 885
106,722
137, 190
117,785
117, 570
64, 470
113,525
130,810
117,902
119, 902
62, 470
108,242
145, 100
95, 741
98 572
63, 605
104, 721
133, 205
116,506
116 652
63, 459
109, 384
132,655
110, 546
110 422
63, 325
121, 329
132 495
123 623
121 489
65 959
100, 090 fr 106, 947 * 135, 119
110 610 r 122 703 r 132 590
122, 619
118 200 r 126, 753
121 972 r 119 040 r T125 532
66 316
66 635 r 65 795
279, 128
384, 199
281, 526
281,062
109, 689
351, 015
475, 400
312, 477
310, 190
111,975
311, 555
489, 770
296, 203
297,185
110,990
307,316
482, 155
306 518
304, 555
112 930
298, 390
496, 190
285, 183
284, 352
113 760
268 285
510,150
254 382
254 294
113 845
290 115
494, 705
304 666
305, 590
112 920
278, 225
492, 795
286 834
280, 135
119 619
320 338
495 265
313 T61
31 7' 865
114 915
264 508 r 274 755
465, 945 T 447 761
r
297 894 r 291 707
293, 829
292 939
118 980 r 117 748
13.15
2
r
819, 334
914,463
896 957
881,877
340, 425
12. 65
12.65
12.65
12.65
12.82
12.82
12.98
13.15
274, 607
227, 800
275, 284
276, 635
77, 233
315, 065
234, 820
306, 009
308, 044
75, 198
291,940
239, 1 75
285, 683
287, 582
73, 295
295, 860
236, 325
302, 948
298 287
78, 005
297, 480
228, 315
305, 938
305, 490
78, 450
277, 783
235 118
277 523
270 980
84 993
302, 539
233 895
303, 033
303 762
84, 265
294, 386
236 168
296, 567
292 113
88, 720
313, 393
321, 515
229 708
232 340
394 031 2321 882
316 025
325 340
87 411
93 520
425, 097
400, 833
143,082
472, 963
473, 503
142, 542
447, 551
443, 288
1 46, 805
485, 723
486 340
146, 188
464, 332
475, 034
135, 486
452 455
442 966
144 975
484, 563
480, 581
148, 957
431,082
427 738
152 301
492 475
497 4 1 0
147 366
471 732
491 020
128 078
336, 568
84, 619
85, 134
394, 387
94, 283
92, 898
410, 723
89, 136
90, 988
403, 233
96, 688
93 690
365, 324
94,331
97, 274
333 440
92 481
90 875
344, 470
101, 574
100 003
381 437
90 728
92 487
405 277
100 339
97 791
7,426
331, 440
111,019
333, 867
8,811
349, 308
95, 893
447, 243
6,959
322, 750
95, 340
396, 897
9,957
332, 601
86, 522
439, 586
7,014
358, 294
94, 331
426, 291
8
393
106
417
620
718
727
120
10 191
467, 052
77, 646
442, 100
8 432
439 547
87, 037
358 866
10
434
100
458
2 106. 75
106. 75
106. 75
106 75
106. 75
109 25
987, 900 1, 119, 300 1, 019, 300 1, 112, 100
962, 700
758, 600
704, 900
548, 000
646, 900
658, 700
975, 100 1, 107, 300 1,049,100 1,128,200 1, 058, 500
105
104
105
104
103
980
841
292
514
' 820, 265 ' 980, 796
870 769 * 932, 628
861, 248 r 932, 125
863, 959 r 918, 937
338 617 T 351 805
r
T
r
T
r
r
r
r
342 052
480, 542
315 983
309 271
r 124 400
848, 000
929, 628
877, 000
851,000
337, 805
123, 000
134 500
123 000
121 000
68 3 Hi
282 000
478
299
284
139
542
000
000
400
13. 15
13.55
' 291, 794 329, 159
r 217 091
228 525
r 3Q5 258 r 320 281
r 304 411 r 317 725
r
r 94 357
96 923
288, 000
225 525
295 000
291 000
100 923
435 287
461 455
101 910
470 456
445 212
127 154
457 835
441 349
143 640
402 829
95 847
9° 301
387 783
91, 763
91 721
345 315
97, 216
95 046
348 630
94 759
96 982
7
436
107
436
7
430
91
403
9
460
89
385
7 515
475 502
99, 741
13. 15
526
244
144
930
13. 15
r
r
568
431
765
233
738
378
491
574
111 75
114 25
116 75
116 75
116 75
116 75
116.75
932, 200
933, 000
470, 800
537, 600
890 000 1,002 200
856, 000
458, 200
852 500
961,900
487 800
951 700
804, 500
365, 400
866 300
82
883, 200
405, 500
835 000
87
798, 300
358, 700
789 900
829, 300
355, 200
867, 800
86
94
84
86
75
81
6,618
7,965
7,315
7,288
6,410
5 238
5 896
5 484
6 027
5 367
5 074
5 550
875.6
725.8
879.4
851.9
737.7
778.4
699.3
815 4
613.3
755 5
588. 1
599 3
608.7
704 7
470.8
631 1
607 6
748 9
549.4
652 8
490. 3
532 °
638.3
639 9
591.0
606.0
793
613
1,130
861
878
678
969
759
1,145
879
751
549
638
466
940
743
980
781
1,172
963
1,083
«72
720
557
723
575
163
148
37, 407
63 501
55, 214
35, 037
63 689
57 378
33. 256
76 569
45 364
36, 776
8l 627
83 283
34, 785
83 029
.520
.520
PRINTING
Book publication, total
New books
New editions
_ _ --
number of editions-- - do
- do_
180
269
200
210
266
202
172
197
199
209
211
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
long tons__
Stocks, end of month
_
_ _ do_ _
Imports, including latex and guayule
do
Price, wholesale, smoked sheets (New York)
dol. per lb_.
Chemical (synthetic):
Production
long tons__
Consumption
do
Stocks, end of month
_ _ _
_ do
Exports
do
Reclaimed rubber:
Production
_ _
do
Consumption
do
Stocks, end of month
do_ .
37, 572
87, 242
55, 263
35, 335
76, 312
63, 166
39, 508
71, 679
60, 912
42, 445
68, 498
42, 371
39, 998
68 369
56,411
35, 478
67 816
73, 586
36, 506
67 491
71, 121
36, 887
56 941
61, 200
.734
.722
.675
.660
.660
.520
.520
.520
.520
56, 415
53 308
59, 035
65, 286
65 587
60, 614
66, 414
58 787
65, 793
70, 541
65 027
70, 276
74, 188
64 718
78 154
76, 250
61 419
89 527
74, 951
67 260
96 382
70, 870
68 460
99' 889
1 008
79, 285
68 923
109 407
30, 402
28, 792
36, 885
35, 094
32, 678
38, 334
34, 293
?2 428
39, 064
35 051
34 148
39, 098
33 509
30 999
40 268
29 999
25 500
44 347
29 035
28 5°8
43 900
26 885
26 226
43 095
29 611
27 744
44 367
5,887
6 174
3, C02
3,058
6,693
7 235
3,620
3,493
6,540
6 255
2, 755
3,412
123
88
7,116
6 730
2 692
3 911
7,222
7 185
2 603
4 439
549
153
813
230
7 429
6 657
2 519
3 967
7 746
7 050
2 553
4*315
7
6
2
3
3,307
2,804
3,047
3 442
3 512
4 033
4 767
181
188
198
126
147
5 514
'l29
6 888
8 773
161
210
i 5 694
i 5 069
i 6 8*^4
i 6 277
1
5 615
i 7 471
i 5 506
i 4 812
i 8 378
101
94
121
620
533
585
617
573
968
550
r
r
.520
73, 045
76, 958 ' 76, 494
65 403
60 421 r 6Q 4^0
116 910 r 129 952 r 137 785
1 831
1 430
1 190
r 25 453
24 509
44' 0^9
23 677
22 044
4", 082
r 27 755
r 96 5 53
T 45 067
. 505
74, 869
65 372
144 995
24 078
24 911
43 966
TIRES AND TUBES
Pneumatic casings:
Production
_ _
- _ _ _ _ -thousands
Shipments total
do
Original equipment
do
Replacement equipment _ _ _ . _
_ do_
Export
do
Stocks, end of month
do
Exports©
_ do..
Inner tubes:
Production
___
_ _ _ _ _ _ _ _ do^
Shipments
_ _
do^
Stocks end of month
do
Exports
- do
114
79
* i 5, 152
r!
5,917
r 1
5 170
36
120
106
5,828
6,593
4 595
5 566
5,593
4 657
58
63
127
88
5 625
5 585
5 071
52
143
118
5 381
5 500
5 311
63
6
6
2
4
7
7
2
4
734
602
361
126
115
3 586
108
15 178
072
5 685
1
5
1
57
120
1
1
6 139
5 761
i 6 272
88
171
are available upon request.
350
081
392
."01
6
4
1
2
419
518
goo
520
7
6
2
4
872
529
140
243
146
10 039
463
184
301
721
163
11 370
150
i 5 149 r 1 5 582
i 3 553 r 1 5' 475
i 10 116 r i 10 343
144
7
6
2
3
93
i 5 138
i 4 9^8
1 10 507
SUEVEY OF CUKEENT BUSINESS
S-38
April 1952
1951
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
February
March
April
May
June
July
1952
August
Septen,
October
Novem-
Decem-
January
^
STONE, CLAY , AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and cloth, shipments. Breams..
184, 326
206, 940
179, 507
191,138
162, 002
161, 093
174, 180
171, 584
195, 139
188, 389
132, 524
159, 041
162, 959
15,201
76
11,294
22, 127
7,097
18, 708
82
17,692
23, 139
8,068
20,184
91
20, 953
22, 364
8,194
21,924
96
24, 892
19, 393
7,482
21,984
99
24, 935
16,439
6,682
22, 439
98
24, 266
14, 615
5, 601
22, 514
98
25, 852
11,282
4 851
22, 269
100
23, 256
10, 287
4,138
22, 797
99
26, 139
6,945
3 544
20, 736
93
18,001
9,916
3 882
19, 874
85
11,790
17 999
4 711
17, 039
73
12, 696
22 336
r 7 056
16, 545
76
14, 362
24 519
8 963
422, 134
408, 766
534, 077
550, 274
553, 468
552, 881
605, 304
599, 905
600,516
577, 686
571, 338
540, 545
603, 781
571. 081
538, 774
516, 533
591,281
578. 080
532, 937
466 690
436, 552
342 901
406 229
353 812
PORTLAND CEMENT
Production
Percent of capacity.
Shipmen ts
Stocks, finished, end of month. _
Stocks clinker end of month
thous. of bbl._
__ _ _
_ __
thous . of bbl. _
_
do
do
CLAY PRODUCTS
Brick, un glazed:
Production
thous. of standard brick. _
Shipments
do
Price, wholesale, common, composite, f. o. b.
plant f
dol. per thous__
Clay sewer pipe, vitrified:
Production.
. short tons__
Shipments
do
Structural tile, un glazed:
production
do
Shipments
_
do_
27. 317
27. 317
27. 317
27. 317
27. 317
27. 317
27. 317
27. 366
27. 366
27. 366
27. 366
27. 317
122,046
96, 487
139, 653
125, 328
142,356
134, 777
144, 666
141,774
138, 922
137, 142
137, 727
141, 255
151, 181
150, 323
137, 430
135, 057
158,121
154,034
141, 154
121, 239
124, 993
82 546
134 045
86 576
98, 593
89, 645
110,146
108, 738
105, 268
108, 653
106,045
108, 866
104, 547
105,045
101, 903
100, 040
103, 493
101, 782
93, 164
94,063
101 922
100, 142
98 965
85, 529
84 411
66 682
81 948
7l' 403
9,201
8, 563
10, 987
10, 250
11,075
9, 583
10, 849
10, 390
10, 489
9,847
10, 355
9,372
10 575
10, 543
9 134
9,397
9 341
8 948
7 804
7 714
7 603
7 568
r g 941
r g 4g5
27. 317
GLASS PRODUCTS
Glass containers:
Production
thous. of gross
Shipments, domestic, total
do
General-use food:
Narrow -neck food
do
Wide-mouth food (inch packers' tumblers,
jelly glasses, and fruit jars)__thous. of gross. _
Beverage (returnable and nonreturnable)
thous. of gross. _
Beer bottles
do
Liquor and wine
do_ __
Medicinal and toilet
_ _ ..do
Chemical, household and industrial
do
Dairy products.
. __
do
Stocks end of month
do
Other glassware, machine-made:
Tumblers:
Production
thous. of dozens. _
Shipments _ _ _ _
do_ __
Stocks
do
Table, kitchen, and householdware, shipments
thous. of dozens. _
8 783
8 053
931
1,116
1,067
999
908
738
1,125
1,432
1 072
632
674
783
859
2,129
2,472
2,332
2,666
2,410
2,416
2,782
2,281
2,426
2,122
1,885
r 2, 498
2,123
345
541
1,425
2, 183
447
978
1,302
2,740
617
1,190
803
1,468
969
1,786
858
1,848
602
2,279
332
1,344
1,171
1,782
297
746
1,328
1,985
319
840
1,097
1,810
532
873
525
841
503
874
1,795
r
724
285
883
313
931
2,389
823
235
880
2,426
878
271
746
730
805
1,805
1,965
823
255
1,901
695
266
722
326
717
338
782
312
906
634
260
572
330
741
840
2, 161
T
679
1,962
10 093
258
7,631
8,091
9,293
9,426
9,714
10, 375
10, 102
9,839
9,884
9,710
9 453
r 9 635
6,506
6,132
9,940
7, 570
7,156
10, 340
7,534
6,851
10, 933
7,292
6,760
11,381
6, 384
5,737
11,974
5,560
5,733
11,769
5,807
5, 331
12, 256
4,656
4,387
12, 556
4,966
5,414
11, 978
3,889
4,645
11 228
3,800
3 352
11 579
4,883
4 473
11 837
3,364
3,998
3,439
3,408
2,682
2,766
3,506
2,892
3,459
3,368
2,589
693
199
3, 005
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports
--thous. of short tons.
Production
do
Calcined production quarterly total
do
Gypsum products sold or used, quarterly total:
IJncalcined
short tons
Calcined:
For building uses:
Base-coat plasters
do
Keene's cement
do
All other building plasters
do
Lath
._thous. of sq. ft_ _
Tile
do
Wallboardcf
do
Industrial plasters
short tons
613
2,102
1,838
664
2,305
1 981
660, 470
656, 070
512, 238
14, 328
137, 878
710, 197
10. 002
849 933
76, 976
591,646
15,053
154,610
745, 224
10,710
r 877 893
71,181
1,171
2 271
1 977
859
2 027
1 681
588, 584
636 366
r 590 559
13 711
169 219
704' 333
9,386
855 222
68, 612
471 072
10' 648
146 036
602, 500
7 763
776 854
71 377
r
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
__thous. of dozen pairs.
Shipments
do
Stocks end of month
_
._
do _ _
3 ' 14, 461
3 r ] 4, 762
25, 633
r
14,765
* 14,617
25, 780
r
13, 143
'•11,875
27, 048
' 12, 943
r 10, 983
29, 008
r
12, 163
' 11, 453
30, 208
r
r
9, 383
r 9, 259
30 332
r
12,670
' 12, 929
30 073
r
r
r
r
1J,862
12, 605
29 330
' 13,617
' 14, 374
r
28 573
r
T
r
12, 928
13,986
27 515
r
28 199
13, 945
13, 366
28 778
13, 465
13, 495
28 748
11,393
r 11,611
r
COTTON
Cotton (exclusive of linters):
Production:
Ginning
thous. of running bales
Crop estimate, equivalent 500-lb. bales
thous. of bales
Consumption^ .
__
bales
Stocks in the United States, end of month,
totalf
thous. of bales
Domestic cotton, total
do
On farms and in transit.
do _
Public storage and compresses
do
Consuming establishments
_ _
do
Foreign cotton, total
do
r
1
224
898, 991
985, 227
832 561
7 712
7,625
749
4 596
2,280
6 461
6,349
480
3 554
2,315
5 008
4,906
227
2 403
2 276
3 822
3, 716
108
1 586
2,022
88
2 014
5 468
10 022
12 803
13 554
14 508
2 15 050
817, 154
768 072
754 119
722 004
905 062
730 817
672 715
922 559
2 15 123
768 889
2 958
2,848
125
1 034
1 690
2 278
2, 166
134
16 198
16, 090
13 652
1 438
1 000
15 125
15, 022
10,734
3 289
13 646
13, 550
6,840
5 514
1 196
12 128
12, 037
4 754
5 886
1 397
10 759
10, 672
3 492
5 644
1 536
9 060
8,981
2 421
4 920
1 639
9, 908
i 10,012
903 041
112
102
106
719
1,313
112
110
2
108
999
103
96
92
87
80
7 638
7,537
1 503
4 394
l' 640
101
Revised.
f Revised series. January 1951 figure, $27.317; data beginning 1947 will be shown later.
Total ginnings of 1951 crop.
3 Revised data, January 1951 (units as as above):
Production, 15,423; shipments, 14,945.
cflncludes laminated board, reported as component board.
§ Total ginnings to end o month indicated.
^Data for April, July, and October 1951 and January 1952 cover 5-week periods and for other months, 4 weeks; stock data are for end of period covered.
SURVEY OF CURRENT BUSINESS
April 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-39
1952
1951
February
March
April
May
July
June
August
September
October
November
December
January
February
TEXTILE PRODUCTS—Continued
COTTON—Continued
Cotton (exclusive of linters) — Continued
Exports
_ _
bales.
Imports
do
Prices received by farmers
cents per Ib
Prices, wholesale, middling, ^le", average, 10
markets
_
. _ cents per Ib
Cotton linters:^
Consumption
thous of bales
Production
do
Stocks, end of month
_
_ _ do_
428, 599
93, 800
M2.3
354, 302
3,114
r
42.1
480, 085
9,740
43.2
371,417
16, 102
42.5
204,006
18 412
42.0
129 144
7 529
39 1
145, 758
3 679
34 6
356, 209
2 320
33 7
583, 927
5 722
36 2
803, 580
1,046
41.0
979, 762
2 214
40.3
676, 400
15 453
38.7
37 3
45.1
45.2
45.2
45.2
40.1
35.0
35.1
36.9
41.5
42.2
41.9
40.6
110
105
542
125
77
517
111
52
468
115
36
398
96
31
327
90
21
260
88
64
231
114
175
272
136
267
367
131
247
460
117
205
538
118
221
620
120
171
626
57, 643
10, 223
2,842
79, 574
7,486
73, 856
3,950
72, 428
4,807
2,651
73, 786
2,614
63, 092
2,497
63, 850
1,935
2 279
65, 408
2,174
53, 745
1,600
64, 127
1,690
2,302
77, 431
1, 846
62, 133
1,879
0)
M3.7
325.4
326.0
49.80
43.7
25.4
25.9
45.60
43.7
24.8
25.8
42.57
44.9
23.8
25.1
39.77
46 6
23.0
23.0
38.77
45.4
37.62
41.5
17.4
18.1
33.88
40 5
17 2
18.1
31.20
40 7
17 1
18.4
28.72
41.6
17.8
19.3
29. 95
42.7
18.1
19.8
29.04
42 7
17.8
19.4
28.45
42.7
17.0
18.8
.921
1.176
.921
1.176
.921
1.176
.915
1.176
867
1 127
806
1.058
767
720
712
968
926
911
.769
.948
.791
.960
22, 221
20, 885
11, 069
563
10,394
152.0
22, 246
20, 957
11, 083
554
10, 436
149.7
21, 134
19, 903
12, 447
505
11. 699
136.4
21, 770
20, 516
10, 399
533
9,768
144.1
22, 145
20, 910
10, 287
514
9,677
138 9
22, 128
20, 871
9,858
411
9,241
110.7
22, 000
20, 755
9,368
468
8,786
126.3
21, 895
20 714
9, 247
474
8,745
127 8
21, 609
20 394
11,393
460
10, 721
124 1
21,758
20, 519
9, 050
464
8,486
125.4
21, 516
20, 264
8, 336
439
7,823
118.4
21,300
20, 102
11,399
465
10, 686
125. 8
21, 126
19, 854
9, 265
471
8,696
127.3
74.8
25.2
85.5
27.4
79.8
27.2
81.9
29.2
83.4
26.3
78.7
28.4
69.6
28.5
57.1
24 8
56.4
26.0
56.9
27.0
57.5
23 9
63.1
27 3
57.8
23 7
10.5
3.8
8,638
8.4
4.0
7,372
10.1
3.6
8,767
73.2
4.7
4.2
4.9
6.1
9,696
9,738
7,810
7,591
6,506
84,2
10.7
5,149
91 3
15.2
5,946
97 5
15.0
8,011
99 4
15.8
5,310
.780
.400
.780
.400
.780
.400
.780
.400
.780
.400
.780
.400
.780
.400
.780
.400
.780
.400
.780
.400
.780
.400
780
.780
0)
COTTON MANUFACTURES
Cotton cloth:
Cotton broad -woven goods over 12 in ches in width,
production, quarterly cf
mil of linear vards
Exports
_ _ _ _
thous. of sq. yd
Imports
_ _
do_ _
Prices, wholesale:
Mill margins
cents per lb__
Denim 28-inch*
cents per yd
Print cloth 39-inch, 68 x 72*
do
Sheeting, in gray, 40-inch, 48 x 44-48*
do
Cotton yarn, Southern, prices, wholesale, mill:
22/1 carded white cones
dol per Ib
40/1 twisted carded skeins
do _
Spindle activity (cotton system spindles) :J
Active spindles, last working day, total___thous__
Consuming 100 percent cotton
_ _ d o __
Spindle hours operated, all fibers, total.mil. of hr__
Average per working day
_
do _
Consuming 100 percent cotton
_ _ _do
Operations as percent of capacity
(i)
20.9
RAYON AND MANUFACTURES AND SILK
Rayon yarn and staple fiber:
Consumption:
Filament yarn
mil. oflb_
Staple
fiber
do
Stocks, producers', end of month:
Filament yarn
do
Staple
fiber
_. _ _
do
Imports
_
thous. of lb_
Prices, wholesale:
Yarn, viscose, 150 denier, filament, f. o. b. shipping point*
dol. per Ib
Staple fiber, viscose, l^i denier _
_ do
Rayon broad-woven goods, production, quarterly <?
thous of linear yards
Silk, raw:
Imports
thous. of Ib
Price, wholesale, Japan, white, 13/15 (N. Y.) 9
dol per Ib
WOOL
636, 338
36.1
20.0
12 7
596 707
54 2
9.4
8.7
r
411 100
425 004
628
576
499
395
375
364
577
645
842
708
848
5.62
5.62
5.21
4.58
4.37
4.30
4.13
4.42
4.65
4.68
4.77
27, 944
12, 716
66, 878
42, 940
12, 270
74, 872
33, 724
7,200
55, 264
33, 376
6,560
45, 190
30,700
2,395
33, 761
28, 892
4,388
41, 850
27 392
4,500
23,330
31, 700
7,895
32, 026
25, 368
6,728
29, 665
2
2
2
2
2
2
2
2
Consumption (scoured basis) :§
29, 656
Apparel class
thous. of Ib
13, 248
Carpet class
do
50, 179
Imports
_ _ _ _ _
do.. _
Prices, wholesale, Boston:
Raw, territory, 64s, 70s, 80s, scoured ... dol. per lb_. 2 3. 600
Raw, bright fleece, 56s, 58s, greasy, 47 percent 2
1. 535
shrinkage
dol per Ib
Australian, 64s, 70s, good topmaking, scoured, in
2 3. 450
bond
dol. per lb__
WOOL
11.3
3. 750
3. 338
3.130
2. 850
2. 600
2. 230
1.564
1.325
1.236
1 125
3. 600
2 3. 275
2 3. 010
2 2. 825
145
1,984
22
153
1,852
22
124
2,258
140
2,200
145
2 252
110
1,685
139
1,908
21
25
18
11
13
164
86
168
88
148
73
120
64
116
64
46
25
76, 973
95, 260
164
73, 704
89, 941
139
76, 926
111, 730
75, 376
104, 316
79 070
100 875
200
185
184
60, 268
7,312
37, 048
15, 908
57, 744
6,816
35, 460
15, 468
76 445
8, 655
50, 235
17, 555
59 248
6,524
41, 320
11, 404
59 376
6,336
42 160
10 880
2
2
2. 450
2
2. 200
1. 980
2 730
2
1. 825
2 1. 820
1.962
2
770
141
1 772
.872
.982
1. 825
2
r
25, 116
7,084
39, 649
2
1, 524
28, 825
11, 005
42, 487
1.644
1. 850
1.820
740
.762
722
644
1.562
1. 750
2
1. 650
1.725
130
1 746
MANUFACTURES
Machinery activity (weekly average) :§
Looms:©
Woolen and worsted:
Pile and Jacquard
thous. of active hours
Broad
do
Narrow.
do
Carpet and rug:
Broad - _ _ _
do .
Narrow
__
do
Spinning spindles:
Woolen
do
Worsted®
._ _ _ . d o
Worsted combs
do
Wool yarn:
Production total §®
thous o f l b
Knitting§ __ _
_ do
Weaving§
do
Carpet and other§__
. . . do
Price, wholesale, worsted yarn (Bradford
weaving system) 2/32s
dol. perlb__
124
1 750
130
1,787
129
r \ 7(53
14
9
10
13
14
89
45
89
41
98
43
96
41
100
46
112
47
58 540
75, 843
71 567
83,351
67 806
77' 342
69 869
77, 098
72 835
76, 698
r 70 034
72 078
142
129
124
120
70 091
67 415
131
119
50 665
5' 315
40 225
5 125
52 356
6,008
39 036
7,312
48 648
5,416
36 520
6,712
61 670
6,795
44 465
10, 410
51 232
5, 572
36 708
8 952
r 49 004
r
4 856
r 35 364
8 784
110
60
6
41
12
735
150
855
730
r
l
3
Revised.
No qoutation.
2 Nominal price.
January 1951 quotation, denim 43.70; print cloth, 25.40; sheeting, 25.86.
1 Data for April, July, and October 1951 and January 1951 coyer 5-week periods and for other months, 4 weeks; stock data and number of active spindles are for end of period covered.
cf Beginning 1951, production of broad-woven goods is classified according to principal fiber content; production of fabrics containing 25.0-49.9 percent wool (which cannot be distributed,
between cotton and rayon goods) and rayon and cotton fabrics produced on woolen and worsted looms amounted to approximately 73 million yards in 1950.
9 Substituted series. Data beginning January 1951 represent a composite wholesale price for raw silk, Japan, white, 20-22 denier, 87 percent, AA grade tested; December 1950 quotation,,
$4.55.
§Data for April, July, and October, 1951 and January 1952 cover 5-week periods; other months, 4 weeks.
©Beginning 1951, looms weaving fabrics principally wool by weight.
©See note in August 1951 SURVEY regarding coverage of operations in cotton mills beginning with January 1951 data.
*New series. Compiled by the U. S. Department of Labor, Bureau of Labor Statistics; monthly data beginning 1947 are available upon request.
SURVEY OF CURRENT BUSINESS
-40
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
April 1052
1951
February
April
March
July
Juno
May
1952
September
August
November
October
December
January j ™™'
TEXTILE PRODUCTS—Continued
WOOL MANUFACTURES— Continued
Woolen and worsted, woven goods, except woven
felts:t
Production quarterly, total
thous, of lin. vd
Apparel fabrics total
do
Oovernmcnt orders
do
Other than Oovernment orders total do
IvTen's and bovs'
do
Women's and children's
do
Nonapparel fabrics total
do
Blanketing
do
Other nonapparel fabrics
do
Prices, wholesale, f. o. b. mill:
Suiting unfinished worsted, 13 oz dol. per yd_
Women's dress goods, flannel, 8 oz., 54-inch
dol. per yd—
95, 702
81, 737
9,517
72, 220
38, 025
34, 195
13, 965
4,781
9, 184
96, 746
79, 874
23, 451
56, 423
29, 666
26, 757
16, 872
8, 065
8,807
84, 570
68, 903
32 474
36, 429
17, 180
19 249
15, 667
9,560
6,107
90, 034
76 414
29 513
46' 901
19 868
27 033
13 620
7,989
5 631
0)
0)
0)
0)
0)
0)
0)
(J)
0)
3.886
3.886
3. 514
3,514
0)
3. 302
3.302
3.302
3.302
3.302
2.722
2.722
0)
162
62
TRANSPORTATION EQUIPMENT
AIRCRAFT
Civil aircraft shipments
Exports!
number
do
248
239
'61
272
'87
247
••68
'103
216
66
207
103
171
48
184
'62
124
49
618, 321
755, 022
639, 272
652, 727
617, 685
492,316
665
630
381,407
359, 276
110, 244
91, 517
549, 708
476, 002
426, 932
404, 590
121, 993
99, 007
365, 906
350, 246
109, 353
90, 445
526, 447
1,174
1,108
414, 533
401,392
110, 740
92, 275
26, 262
11, 777
14, 485
34, 857
14, 270
20, 587
30, 477
10, 273
20 204
2 22. 121
2 9, 226
2 12 895
5,605
5, 304
2, 251
3, 053
'301
4,704
4,441
1,853
2,588
263
4,634
4,366
1 , 859
2,507
268
5, 013
4, 657
1 947
2, 710
152
69
224
42
MOTOR VEHICLES
Factorv sales total
Coaches, total
Domestic. _ . __
Passenger cars, total
Domestic
Trucks total
Domestic
number
- do_ _.
. . . do._ .
do
do _
do
_ do_ _
521
483
829
792
819
764
742
702
511,938
838
773
783
778
743
660
.
Exports total J
Passenger cars
Trucks and bussesj
Truck trailers, production, total
Complete trailers
Vans
All other
Trailer chassis
Registrations:
New passenger cars
New commercial cars
617, 399
588, 435
136, 794
118, 235
503, 038
475, 316
135,415
117,483
482, 263
140, 047
121, 461
482, 029
457, 293
134,818
115,079
do
do
do
__
505, 865
481,239
111,935
94, 834
35, 628
19, 382
16, 246
42, 668
23, 115
19, 553
43, 436
25, 461
17, 975
43, 337
24, 352
18, 985
38, 978
22, 567
16,411
39, 272
21, 148
18, 124
40,364
19, 638
20, 726
39, 401
18, 986
20, 415
do
do
do
do
-do
6,044
5,841
3, 669
2,172
203
7,102
6,809
3, 950
2,859
6,351
5,999
3, 459
2, 540
6,861
6,529
3, 613
2,916
5,591
5,330
2, 685
2, 645
4,648
4,416
1,984
2,432
232
4,763
4,475
1,697
2,778
288
4,598
4,344
1, 599
2, 745
254
do
do
430, 797
78, 581
293
261
T
r
' 450, 416 ' 380, 650
833
710
r
845
-746
' 356, 500 ' 292, 799
346, 048
284, 323
' 93, 083 r 87, 006
75, 653
70, 834
352
332
512, 599
86, 287
467, 313
84, 961
470, 446
90, 627
454, 665
87, 461
406, 333
84, 021
424, 422
87, 646
406, 217
84,814
373, 162
92, 281
332, 099
76, 517
310, 084
62, 596
5,842
4,514
4,514
1, 328
19
19
12
0
7,011
4,966
4,966
2, 045
26
14
7
12
8,274
5,781
5,781
2,493
29
17
8
12
9,774
7,198
7,198
2,576
23
17
6
6
9,644
7,185
7,185
2,459
38
34
13
4
5,290
4,014
4,014
1,276
7,183
5,156
5,156
2,027
14
14
2
0
8,578
5, 755
5, 755
2,823
25
25
16
0
10, 129
6,794
6,777
3, 335
21
21
17
0
9,845
6,336
6, 315
3, 509
45
45
18
0
8,470
5,690
5,678
2,780
25
25
14
0
1,721
1,722
1,727
1,731
1,736
1,736
1,737
1,741
1,743
1,748
84
4.9
135, 936
96, 658
39, 278
82
4.8
137, 349
98, 625
38, 724
87
5.0
138,319
94, 837
43, 482
89
5.1
134, 348
91, 775
42, 573
90
5.2
128, 540
86, 935
41,605
96
5.5
125,846
84, 858
40, 988
91
5.3
121, 359
81,623
39, 736
92
5.3
118,073
80, 522
37, 551
87
5.0
113,394
76, 530
36, 864
84
4.8
110, 325
70, 914
39, 411
3,283
13.1
3,317
13.3
3,290
13.3
3,077
12.7
3,003
12.6
3,048
13.0
3,091
13.3
3,180
13.9
3,009
13.5
21
0
21
20
0
20
18
0
18
16
0
16
14
0
14
1,737
1,737
1,823
1,823
10
0
10
23
0
23
1,631
1,631
1,863
1,863
12
0
12
375, 410
435, 116
273, 572
258. 457
101,060
85,194
333, 885
315, 869
100,606
84, 570
778
755
r
T
625
525
313
'T301 379 P 300 861
59, 661 ' 60. 738
RAILWAY EQUIPMENT
American Railway Car Institute:
Shipments:
Freight cars, total
number
Equipment manufacturers, total
do
Domestic
do
Railroad shops, domestic
_
do. _
Passenger cars, total
do
Equipment manufacturers, total
do
Domestic
do
Railroad shops, domestic
do
Association of American Railroads:
Freight cars (class I), end of month:§
Number owned
thousands
Undergoing or awaiting classified repairs
thousands -Percent of total ownership
Orders, unfilled
number
Equipment, manufacturers.... do _
Railroad shops _ _
_
do
Locomotives (class I), end of month:
Steam, undergoing or awaiting classified repairs
number..
Percent of total on line
Orders, unfilled:
Steam locomotives, total
number
Equipment manufacturers
do
Railroad shops __ - . ._
do _ _ _
Other locomotives, total
_
do
Equipment manufacturers
do
Railroad shops
do
Exports of locomotives, total
Steam
Other
do
do
do
0
0
27
1
26
34
0
34
52
1
51
34
1
33
39
1
38
461
398
63
595
519
76
397
354
43
464
420
44
604
519
85
0
0
1,660
1,660
0
19
19
10
0
1,590
1, 590
0
1,547
1,547
1,804
1,804
r
8, 643
' 6, 082
6, 082
2, 561
7, 358
5,494
5,494
1, 864
1,752
1,755
1,758
90
5.2
104, 831
67, 973
36, 858
87
5.0
98, 566
63, 482
35, 084
87
5.0
93, 605
60, 107
33, 498
2,901
13.3
2,718
12.8
2,643
12.7
2,701
13. 3
21
0
21
20
0
20
1,721
1,721
19
0
19
1,789
1,789
1,720
1,720
18
0
18
17
0
17
0
0
48
0
48
63
0
63
50
1
49
60
1
59
65
3
62
37
1
36
538
484
54
591
529
62
447
385
62
587
545
42
728
652
76
673
581
92
0
0
0
r
8
8
8
0
1, 594
1, 594
o
3
21
21
10
0
1,573
1,573
o
73
INDUSTRIAL ELECTRIC TRUCKS AND
TRACTORS
Shipments, total
Domestic
Export
_
_,_
_ number. _
- do
do. __
658
607
51
r
2
Revised.
*» Preliminary.
1 No quotation.
Data beginning January 1952 exclude all military exports.
Beginning 1952, detailed statistics are not available.
fRevised series. Beginning with data for 1951, the Bureau of the Census reports for woolen and worsted woven fabrics refer to goods which are principally wool by weight (i. e., exclude
fabrics containing 25^-49.9 percent wool previously included).
{Excludes "special category" exports not shown separately for security reasons.
§Not including railroad-owned private refrigerator cars.
3
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 : 1952
•INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40Pages marked S
Abrasive paper and cloth (coated) ___________ 38
Acids ____________________________________ 24
Advertising _______________________________ 7, 8
Agricultural income and marketings _________ 2
Agricultural wages, loans ___________________ 15
Aircraft____________________________11,12,14,40
Airline operations _________________________ 22
Alcohol, denatured and ethyl _________________ 24
Alcoholic beverages _____________________ 2, 6,8, 27
Aluminum _______________________________ 33
Animal fats, greases _______________________ 25
Anthracite __________________ 2, 5, 11, 13, 14, 15, 34
Apparel, wearing _____ 3, 4, 5, 6, 8, 9, 11, 12, 14, 15, 38
Asphalt and asphalt products _______________ 36
Automobiles _________ 2, 3, 7, 8, 9, 11, 12, 13, 14, 18, 21
Balance of payments ______________________ 20
Banking _________________________________ 15, 16
Barley ___________________________________ 28
Barrels and drums ________________________ 32
Battery shipments ________________________ 34
Beef and veal ____________________________ 29
Beverages, alcoholic ____________________ 2, 6, 8, 27
Bituminous coal ____________ 2, 11, 13, 14, 15, 34, 35
Boilers______________________________________33, 34
Bonds, issues, prices, sales, yields ___________ 19
Book publication __________________________ 37
Brass ____________________________________ 33
Brick _____________________________________ 38
Brokers' loans______________________________16, 19
Building construction (see Construction).
Building contracts awarded _________________ 6
Building costs ____________________________ 7
Building materials ..... ________ ..... - ..... ____ 7,8,9
Business, orders, sales, inventories
----------3, 4
Businesses operating and business turn-over __
4
Butter ___________________________________ 27
Candy ___________________________________ 29
Cans, metal ______________________________ 33
Capital flotations __________________________ 18, 19
Carloadings ____________________ ..... _____ 22,23
Cattle and calves _________________________ 29
Cement and concrete products______________2,6,38
Cereal and bakery products, price
----------5
Chain-store sales ___________________ . _______ 9
Cheese__________________________________________27
Chemicals _______ ..... 2, 3, 4, 5, 12, 14, 15, 18, 21, 24
Cigars and cigarettes ______________________ 6, 30
Civil-service employees ____________________ 12
Clay products (see also Stone, clay, etc.) _____ 2. 38
Clothing. ______ ..... _____ 5,8,9,11,12,14,15,38
Coal_____________________2,5,11,13,14,15,34,35
Cocoa ___________________________________ 29
Coffee ___________________________________ 22,29
Coke _____________________ _ ______________ 2,35
Commercial and industrial failures
---------4
Construction:
Contracts awarded ______________________ 6
Costs ___________________________________ 7
Dwelling units started ___________________ 7
Employment, wage rates, earnings, hours. _
11,
12,13,14,15
Highway_______________________________6,12
New construction, dollar value
-----------6
Consumer credit __________________________ 16
Consumer expenditures ____________________ 1,8
Consumers' price index
-------------------5
Copper___________________________________21,33
Copra and coconut oil _____________________ 25
Corn ____________________ _ _______________ 19,28
Cost-of-living index (see Consumers' price
index) _________________________________ 5
Cotton, raw, and manufactures ____ 2, 5, 6, 21, 38, 39
Cottonseed, cake and meal, oil ______________ 25
Crops_______________________2,5,25,27,28,30,38
Currency in circulation ____________________ 18
Dairy products _______________ ........ 2,5, 14,27
Debits, bank _____________________________ 15
Debt, short-term, consumer ________________ 16
Debt, United States Government ___________ 17
Department stores ______________________ 9, 10, 16
Deposits, bank_________________________15,16,18
Disputes, industrial _______________________ 13
Distilled spirits ___________________ ..... _ _ .
27
Dividend payments and rates_____________1,18, 20
Drug-store sales___________________________8,9
Dwelling units started
--------------------7
Earnings, weekly and hourly_____________13, 14,15
Eggs and poultry
-----------------------2, 5, 29
Electric power ____ ...... ____________ ..... ______ 5, 26
Electrical machinery and equipment ____ 3, 4, 5, 7, 34
Employment estimates__________________10, 11, 12
Employment indexes ______________________ 12
Employment security operations
-----------13
Emigration and immigration __________________23
Engineering construction ___________________ 6
16
Expenditures, United States Government ____
Explosives _________________________________25
Exports (see also individual commodities) ____
21
Express operations ________________________ 22
11 ,
Factory employment, payrolls, hours, wages _ __
12,13, 14,15
Failures, industrial and commercial __________
4
Farm income and marketings ___________ . ____
2
Farm products, and farm prices_____.......___
2,5
Farm wages ______________________________ 15
Fats and oils___________________________5, 25,26
Federal Government,finance_______________ 16, 17
Federal Reserve banks, condition of _________ 15, 16
Federal Reserve reporting member banks ____ 15, 16
Fertilizers_______.....____________________ 5,24
Fiber products ____________________________ 34
Fire losses ________________________________ 7
Pages marked S
Fish oils andfish__________________________25,29
Flaxseed___
____________________________
25
Flooring_________________________________31,32
Flour, wheat _____________________________ 28
Food products ____________________________ 2,
3, 4, 5, 7, 8, 9, 11, 12, 14, 27, 28, 29, 30
Footwear__________________2,5,8,9,12,14,15,31
Foreclosures, real estate _____ _______________ 7
Foreign trade, indexes, shipping weight, value
by regions, countries, economic classes, and
commodity groups_______________________21, 22
Foundry equipment _______________________ 34
Freight carloadings, cars, indexes____________22,23
Freight cars (equipment) ___________________ 40
Freight-car surplus and shortage ____________ 23
Fruits and vegetables __________________ 2, 5, 21, 27
Fuel equipment and heating apparatus_______33,34
Fuel oil ______ ________ _________________ 35
Fuels___________________________________2,5,35
Furs ____________________________________ 22
Furnaces _________________________________ 34
Furniture____________________2,5,8,9,11,12,13,14
Gas, customers, prices, sales, revenues _______ 5, 26
Gasoline _________________________________ 36
Glass and glassware (see also Stone, clay, etc.). 2, 38
Generators and motors _____________________ 34
Glycerin _________________________________ 24
Gold
_
18
Grains______________________________5,19,21,28
Gross national product____________„ ________ 1
Gypsum and products _____________________ 6, 38
Heating and ventilating equipment ________ 6, 33 , 34
Hides and skins ____________________ ..... 5,22,30
Highways___________________________________6,7
Hogs _____________________________________ 29
Home Loan banks, loans outstanding ________ 7
Home mortgages __________________________ 7
Hosiery ___________________________________ 38
Hotels ___________________ ..... ._ 11, 13, 14, 15, 23
Hours of work per week ____________________ 12, 13
Housefurnishings ______ ___________________ 5, 8, 9
Housing_____________________....._____5,6, 7,8
Immigration and emigration ________________ 23
Imports (see also individual commodities) ____ 21, 22
Income, personal __________________________ 1
Income-tax receipts _______________________ 16
Incorporations, business, new _______________ 4
Industrial production indexes _______________ 2,3
Instalment loans _______________ . ___________ 16
Instalment sales, department stores
--------10
Insulating materials _______________________ 34
Insurance, life ____________________________ 17, 18
Interest and money rates ___________________ 16
International transactions of the U. S ..... _ 20, 21, 22
Inventories, manufacturers' and trade ______ 3,9,10
Iron and steel, crude and manufactures ______ 2,
6,14,21,32,33
Jewelry, sales, inventories ____ ..... __________ 8,9, 16
Kerosene
.......
______________
35
Labor disputes, turn-over __________________ 13
Labor force _______________________________ 10
Lamb and mutton _________________________ 29
Lard ____________________________________ 29
Lead ____________________________________ 33
Leather and products.. ..... _ 2, 3, 4, 5, 12, 14, 30, 31
Linseed oil, ............ ..... _________________ 25
Livestock _______________________________ 2, 5, 29
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit) _______ 7, 15, 16, 17, 19
Locomotives ______________________________ 40
Looms, woolen, activity _____________________ 39
Lubricants _______________________________ 35
Lumber __________________ 2, 5, 11, 12, 13, 14, 31, 32
Machine activity, cotton, wool ______________ 39
Machine tools ____________________________ 34
Machinery ________ 2,3,4,5, 11, 12, 13, 14, 18, 21,34
Magazine advertising ______________________ 8
Mail-order houses, sales _____________________ 10
Manufacturers' sales, inventories, orders _____ 3,4
Manufacturing production indexes __________ 2,3
Meats and meat packing _________ 2, 5, 11, 12, 14, 29
Metals... ...... 2, 3, 4, 6, 11, 12, 13, 14, 15, 18, 32, 33
Methanol ________________________________ 24
Milk ____________________________________ 27
Minerals __________________________ 2, 3, 13, 14, 15
Money supply ____________________________ 18
Mortgage loans _______________________ __ 7, 15, 16
Motor fuel____________________.__________36
Motor vehicles _______________________ 3, 5, 8, 9, 40
Motors, electrical _________________________ 34
National income and product _______________ 1
Newspaper advertising _____________________ 8
Newsprint________________________________22,37
New York Stock Exchange _________________ 19, 20
Oats _____________________________________ 28
Oil burners _______________________________ 34
Oils and fats_____________________________5,25,26
Oleomargarine ____________________________ 26
Operating businesses and business turn-over. _
4
Orders, new and unfilled, manufacturers' _____ 4
Paint and paint materials___________________5, 26
Paper and pulp ____________ 2,3,6, 11, 12, 14,36,37
Paper products_____________________2,3, 4,36,37
Passports issued __________________________ 23
Payrolls, indexes __________________________ 12
Personal consumption expenditures __________ 8
Personal income ___________________________ 1
Personal saving and disposable income _______ 1
Petroleum and products ____________________2,
____________________ ,
Pig iron
3, 4, 5, 11, 12, 13, 14, 15, 21, 22, 35, 36
___________
32
Pages marked S
Plant and equipment expenditures
1
Plastics and resin materials, synthetic
26
Plywood
31
Population __
10
Pork
29
Postal business __
8
Postal savings
16
Poultry and eggs
2, 5, 29
Prices (see also individual commodities):
Consumers' price index
5
Received and paid by farmers
5
Retail price indexes
5
Wholesale price indexes
5,6
Printing
2,3,4, 11, 12, 15,37
Profits, corporation
18
Public utilities
1, 5, 11, 13, 14, 15, 17, 18, 19, 20
Pullman Company
23
Pulpwood
36
Pumps
34
Purchasing power of the dollar
6
Radio advertising
7
Railways, operations, equipment, financial statistics, employment, wages
_ __
1,
11,12,13,14,15,17,18,19,20,22, 23,40
Railways, street (see Street railways, etc.).
Rayon and rayon manufactures
2, 6, 39
Real estate
7
Receipts, United States Government
16
Reconstruction Finance Corporation, loans
17
Refrigerators
34
Rents (housing), index
5
Retail trade, all retail stores, chain stores, department stores, mail order, rural sales, general merchandise
3,4, 8, 9,10
Rice
28
Roofing and siding, asphalt
36
Rosin and turpentine
24
Rubber, natural, synthetic, and reclaimed,
tires and tubes
22,37
Rubber industry, production index, sales, inventories, employment, payrolls, hours,
earnings
2,3,4, 12, 14, 15
Rye
28
Saving, personal
1
Savings deposits
16
Securities issued
18.19
Service industries
8, 11
Sewer pipe, clay
38
Sheep and lambs
29
Shipbuilding
11, 12, 13,14
Shoes
2,5,8,9,12,14, 15,31
Shortenings
26
Silk, imports, prices
6, 22,39
Silver
18
Skins
5, 22,30
Slaughtering and meat packing
2,
11,12, 14,29
Soybeans and soybean oil
25
Spindle activity, cotton, wool
39
Steel ingots and steel manufactures (see also
Iron and steel)
32,33
Steel, scrap
32
Stocks, department stores (see also Manufacturers' inventories)
10
Stocks, dividends, issues, prices, sales, yields. _
20
Stokers, mechanical
34
Stone, clay, and glass products
2,
3,11,12,13, 14,38
Stoves
34
Street railways and buses
13,14, 15,22
Sugar
22,30
Sulfur
25
Sulfuric acid
24
Superphosphate
24
Tea
30
Telephone, telegraph, cable, and radio-telegraph carriers
11, 13, 14, 15, 19, 20,23
Textiles
2, 3, 4, 6, 11, 12, 14, 15, 21, 38, 39,40
Tile
38
Tin.
22.33
Tires and inner tubes
6, 12, 14, 15,37
Tobacco
2,3,4, 5,6,7,8, 11, 12, 14, 15,30
Tools, machine
34
Trade, retail and wholesale. 3,4, 8. 9,10,11, 13 14,15
Transit lines, local
15,22
Transportation, commodity and passenger
22,23
Transportation equipment
2,3,4,11,12,13, 14,40
Travel
23
Truck trailers
40
Trucks
40
Turpentine and rosin
24
Unemployment and unemployment compensation
10,13
United States Government bonds
17,18,19
United States Government,
finance
16,17
Utilities
1, 5, 11, 13, 14, 15, 17, 18, 19, 20
Vacuum cleaners
34
Variety stores
9
Vegetable oils
25,26
Vegetables and fruits
2,5,21,27
Vessels cleared in foreign trade
23
Veterans' unemployment allowances
13
Wages, factory and miscellaneous
Washers
Water heaters
Wax
Wheat and wheat
flour
Wholesale price indexes
Wholesale trade
Wood pulp
Wool and wool manufactures
Zinc,
13,14,15
34
34
36
19, 28
5, 6
10
36
2, 6, 22, 39, 40
33
flow available
Business
Statistics
Une Statistical
ere
r\efe nee
f
L^urrent V3
IMS
0
Every month in the year the Survey of Current Business reports the latest economic developments, and analyzes
them for the business world. For more than a year it has been detailing the transition from€€business as usual"
to accelerated defense mobilization. In the cold figures of its 40 pages of business statistics—more than 2,600
series in all—the dynamic movement of the national economy is measured and recorded.
Every 2 years, business indicators are rounded up for a 300-page review of recent statistics in the light of
those for years back—all the way back to 7935. These are published in BUSINESS STATISTICS—the statistical
reference for current business analysis, a supplement to the statistical series which appear in the Survey of Current
Business. Providing monthly data from January 1947 through December 7950 and annual averages of monthly
data from 7935 through 7950, if is a basic handbook for businessmen and economists—particularly useful for
those now engaged in defense work.
© Business Statistics provides complete coverage
with business indexes on production, shipments, orders, inventories, farm marketings, income—statistics on plant and
equipment expenditures, construction, employment, wages,
pay rolls, postal receipts, securities and commodity markets—
authoritative figures on exports, imports, transportation and
communications, commodities, and many other classifications
for business use.
• Business Statistics presents comprehensive descriptions and explanations of all statistical data covered in its
tables and in the monthly SurA^ey of Current Business,
furnishing the reader with information essential to the proper
use of the data. Definitions of the statistical units employed,
methods by which they are collected, and adequacy of samples
are among the items included. In addition, the notes direct
the reader to sources of monthly and annual data prior to
January 1947 and call attention to changes in the nature of the
data affecting their comparability. Exact sources are listed.
All tables carry complete annotations for meaningful use.
• Business Statistics continues a chain of prior
Statistical Supplements to the Survey of Current Business
which appeared in 1932, 1936, 1938, 1940, 1942, 1947 and
1949, and provides historical coverage for many series as far
back as World War I.
$1.50 per copy, BUSINESS STATISTICS is now available from the nearest Department of
Commerce field office or from the Superintendent of Documents, U. S. Government Printing Office,
Washington 25, D. C.
UNITED STATES
DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
@FedFRASER