Full text of Survey of Current Business : April 1953

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APRIL

U. S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS

1953

SURVEY

OF CURRENT

BUSINESS

DEPARTMENT OF COMMERCE
FIELD SERVICE
Albuquerque, N. Mex.
204 S. 10th St.
Atlanta 3, Ga.
86 Forsyth St. NW.

THE BUSINESS SITUATION

1

Adjustments in Materials .

3

Recent Dividend Developments

. . . . . . .

4

Minneapolis 2, Minn.
607 Marquette Ave.
Mobile 10, Ala.
109-13 St. Joseph St,
New Orleans 12, La.
333 St. Charles Ave.

Charleston 4, S. C.
Area 2,
Sergeazit Jasper BIdg.
PAGE

Milwaukee 2, Wia.
207 E. Michigan St.

Butte, Mont.
306 Federal B!ds.

A P R I L 1953

Baltimore 2, Md.
200 E. Lexington St.

Buffalo 3, N. Y.
117 Silicon S*.

No. 4

Miami 32, Fla.
36 NE. First St.

Boston 9, Mass.
40 Broad St.

Vol.33

Memphis 3, Tenn.
229 Federal Bldg.

New York 13, N. Y.
346 Broadway

Cheyenne, Wyo.
308 Federal Office Bldg .

Oklahoma City 2, Okla,
114 N. Broadway

Chicago 1, 111.
221 N. LaSalle St.

Omaha, Nebr.
105 Federal Office
Building

Cincinnati 2, Ohio
105 W. Fourth St,

Philadelphia 7, Pa.
1015 Chestnut St.

*

*

Clereland 14, Ohio
925 Euclid Av*.

*

Dallas 2, Tex.
1114 Commerce St,

SPECIAL ARTICLES
Investment Programs and Sales Expectations
in 1953

Denver 2, Colo.
142 New Custom House

7

Indebtedness of Individuals

12

Population Growth and Markets

19

Detroit 26, Mich.
1214 Griswold St.
El Paso, Tex.
Chamber of Commerce
Hartford 1, Conn.
135 High St.

Phoenix, Aria.
311 N. Central Ave.
Pittsburgh 22, Pa.
717 Liberty Are.
Portland 4. Oreg.
520 SW. Morrison St»
Providence 3, R. I.
327 Post Office Annex
Reno. Nev.
1479 Wells Ave.
Richmond, Va.
400 East Main St.

New or Revised Statistical Series
Statistical Index

23

Inside Back Cover

Published by the U. S. Department of Commerce, SINCLAIR WEEKS,
Secretary. Office of Business Economics, M. JOSEPH ME EH AN,
Director. Subscription price, including weekly statistical supplement, is
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Special subscription arrangements, including changes of address, should be
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Houston, Tex.
430 Lamar St.

St. Louis 1. Mo.
1114 Market St,

Jacksonville 1, Fla.
311 W. Monroe St.

Salt Lake City 1, Utah
109 W. Second St., So.

Kansas City 6, Mo.
903 McGee St.

San Francisco 2, Calif.
870 Market St.

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

MONTHLY BUSINESS STATISTICS . . S-l to S-40

Savannah, Ga.
125-29 Ball Si,

Louisville 2, Ky.
631 Federal BIdg

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

For local telephone listing, consult section
devoted to U. S. Government

APRIL 1953

By the Office of Business Economics

-DlJSINESS has continued at a high rate into early April,
with investment and consumption expenditures strong. Peak
output has been generally absorbed, with the latest inventory
data showing very little change in business holdings in contrast to the sharp advance in the final quarter of last year.
In the four months from the end of August to the end of
December of last year when metal goods inventories were
being rebuilt and durable goods producers were expanding
output following the steel shutdown, the seasonally adjusted
book value of business inventories had increased by about
$2 billion. The rise in the first 2 months of this year was onetenth of that.
Retailers7 stocks have accounted for the increase this year,
but here the rise reflects the ascending volume of sales rather
than any tendency for the sales pace to slacken and back up
inventories. Durable goods stores have continued to accumulate inventories while nondurable goods stores have built
stocks less than is usual for the season. Manufacturers' and
wholesalers' stocks have shown no change this year, with a
moderate rise in the inventories of the durable goods groups
being offset by a drop in those of nondurable goods producers.

Plant and Equipment Outlays
Programed at $27 billion
in 1953....
will bring total
nonfarm fixed
investment since
1945 to $176
billion

Manufacturers
account for
over two-fifths
of this total

200

Personal income and expenditures

In 1953, planned investment increases are
centered in utilities, nondurable-goods
manufacturing, and mining
-5

PERCENT CHANGE, 1952-53
0
5
10

15

PUBLIC UTILITIES
NONDURABLE-GOODS
MANUFACTURING
MINING
COMMERCIAL AND
OTHER

DURABLE-GOODS
MANUFACTURING
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS

246582°—52




53-52

The strength in consumer buying is reflected in the substantial gain in total retail sales which have been running
about 9 percent above a year ago, and on a seasonally adjusted basis more than 2 percent above the fourth quarter
rate. Automotive sales are up more than one-fourth from
last year. The greatly expanded rate of automobile production in recent months has been reflected in both higher new
car sales and a growth of dealers' stocks which are now moving closer to the usual assortment of models and styles desired
by dealers. Advances over a year ago have been registered
by all of the remaining major groups of retail stores.
A basic factor in the strength of retail sales is the steady
flow of personal income which was at a peak seasonally adjusted annual rate of $280% billion in each of the first two
months of this year. This was $3 billion higher than the
monthly average of the final quarter of 1952. The stability
of personal income in February reflected divergent movements in the nonfarm and farm sectors. Private wages and
salaries continued to show moderate increases while some
decline occurred in farm income, reflecting a more than
seasonal reduction in crops marketed or placed under government loan.
Unusual interest attaches at the moment to the part played
by consumer credit in retail markets. To throw some light
on this phase of the current business picture as well as the
related field of consumer mortgage credit, an analysis has
been prepared, the results of which are set forth in a special
article in this issue.

SURVEY OF CUEEENT BUSINESS

April 1953

Business expenditures for new construction and producers'
durable equipment increased somewhat on a seasonally adjusted basis in the first quarter of this year over the fourth
quarter rate. Continued strength is anticipated for the
remainder of 1953. Total outlays for fixed capital scheduled
by business for the entire year 1953 add up to $27 billion.
The very considerable aggregate of such investment since
1945 depicted in the chart, is an important element in the
impressive productive capacity of the economy.

Employment moved upward seasonally in March reflecting
pre-E aster buying at re tail stores and the usual spring increase
in farm work. Nonfarm employment was about the same as
in February and 2 million above a year ago. Agricultural
employment increased seasonally as spring planting was
getting underway in many sections of the country but was
running below the comparable period of 1952.

Construction higher

The general price level has changed little since the ending
of controls in March. The great majority of commodities
remained substantially unchanged, including most of those
just decontrolled. In the wholesale markets some relatively

Capital formation in the shape of improvements on land
continues unusually active. Construction put in place in
March was valued at $2.4 billion of which $1.7 billion represented private investment and $0.7 billion was for public
account. This rounded out the first quarter total of new
construction at $7 billion, the largest amount recorded for the
season.
Private construction constituted a larger fraction of total
construction in March and in the first quarter than was the
case a year ago. Now that materials controls have been
relaxed or removed and much urgent defense construction has
been completed, private construction may be expected to
form an even larger share. In the first quarter residential
construction was up 11 percent above a year ago while nonresidential building increased 5 percent, with the largest
relative rise in commercial construction.
Flow of new business
New orders booked by manufacturers in February totaled
$25 billion, au increase on a seasonally adjusted basis of over
$700 million from January. More than $500 million of the
increase in new orders were for durable manufactures with
the primary metal producers showing the largest gain. New
business booked by makers of nondurables after adjustment
for seasonal factors rose about $200 million.
February shipments by manufacturers, seasonally adjusted, aggregated $25.3 billion, a rise of $1 billion from January and the largest volume ever recorded. Of this total
$12.9 billion were shipped by producers of durable products
and, as in January, exceeded shipments of nondurables—
the first time since World War II. This unusually large
proportion of shipments by durable goods manufacturers
reflects, of course, the important share of current total
production constituted by output for defense purposes.
Large as it is, however, the volume of defense output is
actually much exceeded by the heavy flow of civilian durable products destined for personal consumption and
private capital formation.
Unfilled

orders slightly lower

Manufacturers' February shipments exceeded their new
orders and the backlog of unfilled orders declined slightly.
At month-end, unfilled orders for durables amounted to
nearly $70 billion. The durable goods backlog represents
the equivalent of 6 months of current output so that activity for most of these industries is evidently underwritten
for months to come. Only in the nonelectrical machinery
group have backlogs been substantially reduced in the past
year as the tooling-up phase of the defense effort has made
rapid progress.




Average prices remain steady

Table 1.—Major Group Price Indexes as Percentages of the All
Commodity Wholesale Price Index
[All commodities=100 percent; computations based on wholesale price indexes, 1947-49
average=100]
February February February February
1953
1952
1951
1950
All commodities

100

100

100

100

Rubber and rubber products
Metals and metal products
Machinery and motive products
Lumber and wood products
Pulp, paper, and allied products _
Nonmetallic minerals, structural
Furniture and other household durables,

103
107
108
105
98
107
104

131
106
101
108
103
98
98

127
109
108
107
105
100
100

115
114
111
110
106
105
103

Fuel, power, and lighting materials
Processed foods
._
Chemicals and allied products
Textile products and apparel
Hides skins, and leather products
Farm products
_ _

104
96
94
96
98
92

92
97
97
99
110
101

95
97
94
91
88
96

98
96
94
90
89
89

_ _

Source: U. S. Department of Labor, Bureau of Labor Statistics.

few commodities whose ceiling prices were considered by
suppliers to have been out of line with market conditions,
rose fairly promptly after decontrol. Among these were
copper, stainless steel, sulfur and sulfur chemicals, and coffee.
Other prices strengthened solely upon the basis of altered
supply-demand balance. Prices received by farmers were
higher in mid-March as recovery of crop prices from February
lows more than offset some further declines in livestock and
livestock products. Tin, rubber, wheat, burlap, and wool
tops were among internationally traded commodities which
were reduced in price.
A feature of commodity markets in recent months has been
the strength of prices of durable materials relative to those
less durable. The prices of each major group of durable
goods, as shown in the table, have strengthened relative to
the all commodity wholesale price average over the past year.
This reflects, on the demand side, the heavy combined
demand for defense purposes, for fixed capital formation and
for consumer durables—requirements for all of which are
unusually high. Demand for nondurables, although large,
has not expanded at so high a rate as indicated by the fact,
previously mentioned, that shipments by manufacturers of
durable goods exceeds shipments of nondurables in January
and February for the first time since World War II.
On the supply side cost elements in durable goods have, in
general, risen relative to those of the soft goods lines. Prices
of the farm products which make up a large portion of nondurable raw materials have moved lower in comparison to the
prices of metals and building materials used in durables.

SURVEY OF CUEEENT BUSINESS

April 1953

Adjustments in Materials
k5lNCE early 1951 when price and materials controls
were imposed, considerable progress has been made in improving the supply of many basic materials required for
defense and civilian production.
The expansion in facilities for producing steel and aluminum was particularly striking. Steel making facilities,
already up 17 million tons, will increase by an additional 5
million tons by the end of this year, and this will raise the
total rated capacity to about 123 million tons, up one-fifth
from the 100.5 million tons available at the time of the
Korean invasion.
The aluminum industry, also undergoing an expansion
program, by the end of 1952 had added about 500,000 tons
of primary capacity and construction projects still under
way will ultimately boost the capacity level to 1.7 million
tons, or nearly a million higher than in mid-1950 and about
the same increase as that which occurred during the World
War II period.
In contrast the capacity to produce electrolytic refined
copper has shown very little change since 1950. Output of
refined copper has been considerably under the industry's
total refining capacity. Production of larger quantities of
refined copper depends upon the flow of ore and concentrates
both from domestic and foreign mines. The supply or ores
from these sources has shown little change and has continued
f^ell below World War II volume. Measures to stimulate
the flow of ore from both domestic and foreign sources have
been undertaken but because of many technical production
problems involved it is necessarily a long-term undertaking
and increases from these sources have been slow and of small

by the end of this year or early 1954 but the full benefits are
not likely to materialize for several more years.
Significant gains in the levels of supply brought about by
expansionof facilities have also been achieved for some other
metallic as well as nonmetallic materials. For example, supplies of chrome in 1952 were more than one-third higher than
in 1950, molybdenum almost half again as large, sulfur 10
percent and many industrial chemicals more than one-fourth.
Completion of the planned capacity goals for many of these
products will raise the supply by even larger proportions.

Large increases in supplies
Supplies of many basic materials available in 1953 promise to exceed those of recent years according to indications
based on a selected group of raw and semifinished materials
widely used in defense production.
Changes in Production of Selected Basic Materials
Percentage change

Commodity

1961 from
1950

Steel ingots and steel for castings.
Aluminum, primary
Copper, refined, new1 1
Lead, primary, new
Zinc, slab, new *
Magnesium
Rubber, total 1
Rubber, synthetic
Crude petroleum

16.4
-7. 1
-36.8
-3.0
156.3
23. 6
77.5
13.8

8.7

1952 from
1961

-11.4
11.9
4.5
65.2
5.4
158.5
1.6
c o
O* O

2.0

First guarter 1953 at
annual rate
from 1952

24. 5
19. 5
8.6
1.2
17.4
5.7
.3
3.8
2.4

First quarter 1953 at
annual rate
from 1960

19.8
55. 8
5.4
5.7
20.0
600. 0
26.0
74.4
19.6

* Includes imports.
Table 2.—Shipments of Steel Products by Market Classifications
Shipments
Group

Thousand short tons

Percent of total
Average
1948-1950

Average
1948-1950
Direct Military, including ordnance,
ship construction, aircraft, and
A. E. C.1
Automotive
Construction
Machinery and equipment, including
farm
Containers
Railroad transportation
Consumer durables, other than automobiles
Oil and gas drilling
Exports
Allother.
Total

1951

1952

702
12, 483
10, 355

2,235
12, 982
12, 664

3,261
10, 852
10, 411

1.1
19.1
15.8

2.8
16.4
16.0

4.8
16.0
15.3

5,855
5,290

8,279
6,524

7,057
5,547

8.9
8.1

10.5
8.3

10.4
8.2

4,393

5,782

3,987

6.7

7.3

5.9

1,790
635
3,110
20, 823

1,837
835
2,764
25, 027

1,363
770
3,270
21, 487

2.7
1.0
4.8
31.8

2.3
1.1
3.5
31.8

2.0
1.1
4.8
31.5

65,436

78,928

68, 004

100.0

100.0

100.0

1951

1952

1
Substantial amounts of steel for defense production in 1951 and 1952 are included in
shipments to other heavy goods industries.

Source: American Iron and Steel Institute.

proportions. Furthermore, rising world demand and price
Differentials during most of the period since 1950 limited the
inflow of copper from foreign markets. Some aid from the
expansion projects now under way is expected to be realized




It will be noted that supplies have generally expanded
with the size of the increase reflecting in the main the completion and operation of additional facilities. The rate of
supplies available for consuming markets in the first quarter
of 1953 exceeded the 1950 volume by one-fifth or more for
all of the commodities listed in the table with the exception
of copper and lead. The largest increases, over 50 percent,
were in magnesium and synthetic rubber, where Governmentowned standby plants were rapidly reactivated, and aluminum.
The enlarged volume of supplies cf CMP metals will make
possible a substantial increase in nondefense consumption
of steel and aluminum and a smaller increase in such use of
copper. On the basis of National Production Authority
estimates, military takings of these metals in 1953 will show
little change from 1952. After meeting all of the direct
military requirements, according to preliminary NPA forecasts, more steel will be available for nondefense production
in 1953 than was consumed in 1950, a year of high civilian
consumption. Supplies of aluminum will approximate the
1950 volume while copper will be less than in 1950 or 1951
but higher than in 1952.

Finished steel shipments at record high
With steel mills operating at virtual capacity since the
settlement of the labor-management dispute last July, the

SURVEY OF CUEEENT BUSINESS
flow of finished steel products to consuming markets has
been in unparalleled volume. In the final quarter of 1952,
deliveries totaled 21 million tons—an annual rate of 84
million—up more than 1 million tons from the first 3 months
of that year, the previous peak quarter. This high rate has
continued and indications are that for the first quarter as a
whole shipments will at least equal and probably exceed the
October-December 1952 performance.

Distribution of stpel shipments
The distribution of the steel supply in 1952 was governed
throughout the year by the NPA through the operation of
the controlled materials plan. During the year shipments
to consumers amounted to 68 million tons, a drop of nearly
11 million tons from 1951 largely due to the steel shutdown.
The figures in the accompanying table represent total
shipments of finished steel products direct from mills to the
market classifications shown, as reported by the American
Iron and Steel Institute. For some industries they include
substantial quantities of steel for defense production.
Because of the lower supply of steel, all domestic civilian
consumers received considerably less steel from mills in 1952
than in the previous year. Shipments to direct defense
industries were more than 1 million tons higher than in 1951.

April 1953

In addition to direct shipments substantial quantities of
steel for defense production were included in the tonnages
shipped to various heavy goods industries. The only other
market classification receiving a larger quantity of steel and
a higher percentage of the total supply was the exporjf
market, the latter increase largely the result of special aior
under the foreign assistance programs.
Most of the defense supporting industries while receiving
less steel because of the reduced supply nevertheless generally
maintained their relative share of the total. All other
classifications showed a decrease both in tonnage and in
their percentages of total shipments. The relatively large
drop in the share received by railroad transportation reflected
much sharper cuts in 1952 as compared with 1951 in allocation of materials for civilian production.
Despite the large drop in shipments, the automobile
industry, heavily engaged in the production of defense
material in addition to civilian production, continued in
1952 to be the largest single consumer of steel. In the fourth
quarter of 1952 and in January 1953 finished steel shipments
to the automobile industry virtually equalled the peak rate
reached in the October-December 1950 period. Manufacturers of household appliances also received much larger
amounts of steel in this period although the flow was still
well below earlier highs.

Recent Dividend Developments
C

_ ASH dividend payments by corporations issuing public
reports amounted to $1,981 million in the first quarter of this
year, 5 percent above the first quarter of 1952. Manufacturing, which accounts for more than half of the publicly reported total, reported a small advance (\% percent), while
nonmanufacturing industries expanded disbursements 9 percent in the aggregate.
The publicly reported cash dividend series is issued
monthly by the Office of Business Economics and published
in summary form on page S-20 of the SURVEY. It covers
about two-thirds of the corporate universe in terms of gross
dividend payments. The proportion of coverage, however,
differs widely among industries. The accompanying table
shows publicly reported dividend payments by industry
groups for the first quarter of 1952 and of 1953 and annual
totals for 1951 and 1952. Eevised monthly data for 1951
and 1952 may be found in table 5.

Percentage increases in trade and finance were small,
although the rise of $26 million in finance disbursements

PERCENT CHANGE, 1951 TO 1952
0
5
10

- 5

COMMUNICATIONS
.

In the nonmanufacturing sector, all industries except mining increased dividends in the first quarter of 1953 as compared with the same period of 1952.
Expansion of first-quarter payments was noteworthy in the
railroad and public utility industries. The railroad rise of
10 percent was the result of increased dividend rates and of
arrearage payments on preferred stock by several major
carriers. Share expansion and higher dividend rates accounted for most of the 10 percent increase in heat, light, and
power utility distributions, while the 15 percent rise in communications primarily reflected the larger number of shares
outstanding in the first quarter of 1953.



15

"

.'

ALL INDUSTRIES

WMMMMMMMMMMMMk

!

HEAT, LIGHT 8 POWER

i

MINING

First-quarter industry movements

\

Percent Change in Cash Dividend
Payments Publicly Reported

WMMM^lJMMh

RAILROADS

l|f|ltllpp|l

i

FINANCE a MISCELLANEOUS
NONDURABLE-GOODS MANUFACTURING

DURABLE-GOODS

II Pl|
I^ |i

I

j

MANUFACTURING

TRADE

1

/

1

1

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U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
Xri&£&£..x\

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53~42
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SURVEY OF CURRENT BUSINESS

April 1953

represented over a third of the total expansion in nonmanufacturing industries.
Within manufacturing, where aggregate payments in the
first quarter of this year were only $15 million higher than
m the same period of 1952, all industries except textiles
Table 3.—Publicly Reported Cash Dividend Payments
[Millions of dollars]
Calendar year

First quarter
1953

1952

Mining _

_

__ _ _

1,981

8,166

8,320

1,043

Food, beverages, and tobacco
Textiles and leather
Paper and printing
__ _
Chemicals
Oil refining
Iron and steel
Nonferrous metals
.
__ _
Machinery (except electrical) . _
Electrical machinery
.
Transportation equipment
Automobiles
Other manufactures

1,057

4,592

4,550

98
39
40
133
237
101
38
79
55
18
132
72

99
35
41
133
243
102
39
82
57
19
134
74

446
196
177
582
944
484
184
323
249
91
552
363

424.
151
177
583
995
470
176
335
254
95
534
355
448

97

-

95

415

109

113

463

443

226

_ _

Finance

252

1,037

1,070

_ _ _

Communications

_

83

309

325

177
147
30

195
163
32

690
561
129

755
615
140

125

144

475

542

41

42

186

187

_

Miscellaneous

75

_

Railroads
Heat, light, and power __
Electric light and power
Gas
__
.-

!

1952

1,893

Total
Manufacturing

Trade

1951

-

NOTE.—Data may not necessarily add to totals because of rounding.
Source: U. S. Department of Commerce, Office of Business Economics.

either maintained first quarter 1952 disbursements or reported moderate advances. The 11 percent drop shown for
the textile and leather group reflected rate reductions and
dividend omissions by reporting textile firms.

Industry changes., 1951-52
Publicly reported cash dividends increased 2 percent from
1951 to 1952—from $8,166 million to $8,320 million. (See
accompanying table and chart.) Manufacturing reported a
slight decline, whereas disbursements in nonmanufacturing
industries were up 5 percent in the aggregate. As evidenced
by still incomplete data, profits after taxes declined sizably
from 1951 to 1952 in manufacturing, but rose moderately
in the nonmanufacturing sector.
Dividend increases during 1952 were general throughout
the nonmanufacturing industries. Of those specified in the
accompanying table, only trade reported a decline. Payments in the large finance group increased moderately. In
the remaining nonmanufacturing divisions—mining, the
utilities, and railroads—the expansion was more substantial.
In wholesale and retail trade there was a 4 percent decline
in publicly reported payments from 1951 to 1952. Although
some companies passed regular dividends for part of the
year, the decline largely reflected the elimination of extras
by several major firms. It should be noted that in the trade
sector, where small firms are relatively important, publicly
reported dividends—confined almost wholly to large corporations—cover only about one-third of total payments.
The 1952 increase of $33 million, or 8 percent, recorded
for mining centered in crude oil production. In this industry, showing a dividend expansion of 15 percent, most of the
reporting oS. companies raised their dividend rates in 1952.



Reflecting higher after-tax earnings for the year, dividends
paid by public utility firms in gas and electric power and in
communications registered a rise of $130 million, or 11 percent. Electric power companies—which raised dividend
rates and expanded their capitalization—increased payments
10 percent from 1951 to 1952. The increase of 8 percent for
gas companies and 14 percent for communications largely
reflected expanded capitalization.
Dividends paid out by railroads rose 5 percent in 1952.
Exclusive of a non-recurring "on arrears" payments by a
single major carrier in early 1951, the increase was 10 percent. Higher rates were paid on a larger number of shares
outstanding, and several major carriers resumed dividend
payments.
Profits in the railroad industry were significantly higher
in 1952 than in 1951. The freight rate increase which took
effect in the second quarter of last year was the main factor
in the improvement.

Changes in manufacturing
Within manufacturing, where dividends showed a small
decline in the aggregate, the only large change occurred in
textile and leather products, with 1952 disbursements 23
percent below those of 1951. This decline centered in
textiles, in which profits were sharply reduced in both 1951
and 1952. One-tenth of the firms represented in this industry omitted all or some of customary dividends in 1952,
and rate reductions and the omission of extras were common.
In all other manufacturing industries, 1951-52 dividend
changes were confined to a range of 5 percent. The industries
showing decreases somewhat outnumbered those registering
gains. A conventional grouping of industries into durable
and nondurable or defense and nondefense did not reveal a
significant pattern, nor was there a pervasive relationship
between dividend changes and profit experience.
Of the manufacturing groups that increased their dividend
payments from 1951 to 1952, oil refining was the most
noteworthy. The rise of 5 percent in this industry, which
accounts for nearly one-fourth of the publicly reported
dividend total in manufacturing, continued the upward
movement evident since 1949. The 1952 increase, however,
was much smaller than that which occurred in the year
before—probably a reflection of lower income after taxes
in 1952. The major part of the 1952 dividend expansion
stemmed from increases in shares outstanding and in rates
paid per share, but payments of extras by several major
firms were also an important factor.
Table 4.—Corporate Profits and Dividends, 1922-52
[Billions of dollars]
Profits
Undistribafter taxes Dividends uted profits

Period
1922-29
1930-35
1936-37 i
1938
1939-52

_

50.5
.6
90
2 ^
186.7

33.0
19.7
92
3.2

84.7

17.5
-19.1
o

-.9

102.0

1

Undistributed profits tax in effect.
Source: U. S. Department of Commerce, Office of Business Economics, based on data
rom the Bureau of Internal Revenue.

The transportation equipment industry registered a rise in
payments similar to that of oil refining percentagewise, but
much smaller in absolute amount. The machinery industries, which account for a significant proportion of the manufacturing total, showed a somewhat smaller percentage
increase, and payments in the chemical and paper industries
were stable.

SURVEY OF CURRENT BUSINESS

6

April 1953

Table 5.—Publicly Reported Cash Dividend Payments, Revised
[Millions of dollars]
January

February

March

April

June

May

July

August

September

October

November

December

19 51

Total

_

Manufacturing-

_.

494.6

Food, beverages, and tobacco
Textiles and leather
Paper and printing
Chemicals
.
Oil refining _
_ _
Iron and steel
NOTI ferrous mp-tals
Machinery, except electrical
Electrical machinery
Transportation equipment
Automobiles
Other manufacturing

_

_ __

_ _ _ _ _ _ _
__
_
__ _.
__
_

Mining

__ _

_

210.0

1,074.7

524.6

214.8

1,137.0

539.2

215.3

1,151.3

538.0

242.7

1,823.8

174.9

__

101.1

701.6

205.2

114.7

737.9

208.4

102.8

768.2

214.6

114.1

1, 148. 0

29.8
11.6
8.1
32.7
4.8
12.1
3.6
22.5
21.5
2.5
5.7
20.0

19.7
5.2
5.0
14.5
14.4
13.2
4.0
8.2
1.9
2.8
4.2
8.0

48.6
25.7
23.5
88.9
172.3
74.5
26.1
39.0
27.1
10.0
128.2
37.7

39.4
12.4
11.2
23.1
8.5
20.9
5.2
19.9
28.8
3.7
6.6
25.5

22.8
6.1
5.5
19.1
3.8
13.4
6.9
10.5
8.6
4.2
5.0
8.8

46.1
28.1
25.0
94.9
192.2
78.0
26.5
40.5
27.1
13.2
123.8
42.5

37.9
14.6
9.3
21.2
8.6
21.1
5.6
21.2
28.6
6.8
6.7
26.8

17.5
7.8
6.0
17.9
3.9
13.1
7.7
10.8
1.5
2.0
6.3
8.3

47.9
26.9
26.8
96.9
208.6
78.3
31.1
47.7
27.1
12.4
122.9
41.6

36.1
13.3
11.9
20.7
8.7
23.0
5.3
21.8
29.2
4.0
8.4
32.2

17.5
8.6
5.9
15.1
4.5
13.8
7.6
11.7
8.6
2.3
7.5
11.0

83.0
35.9
38.4
137.4
313.7
122.7
54.3
69.1
39.1
27.2
126.7
100.5
142.1

4.0

Finance
Railroads

69.9

9.0

2.0

82.2

6.1

2.5

85.9

7.3

1.7

15.3

40.4

56.1

8.7

48.0

39.5

7.9

50.3

42.2

8.3

80.9

106.2

_

1.9

64.9

Trade

39.2

71.3

86.9

36.6

81.3

125.5

40.5

81.2

104.5

53.6

210.2

_ __ __
_

8.0

60.5

25.0

3.5

50.9

10.9

7.8

35.9

13.0

10.9

69.6

50.0
42.4
7.6

41.5
33.9
7.6

68.2
56.6
11.6

55.5
43.6
11.9

45.6
37.4
8.2

69.8
56.3
13.5

56.1
46.3
9.8

47.2
38.5
8.7

66.7
55.7
11.0

58.6
48.7
9.9

49.3
38.9
10.4

81.9
62.7
19.2

72.1

.7

38.6

75.2

.7

40.2

78.5

.7

41.5

82.6

.7

43.5

2.3

24.2

11.7

3.0

26.7

14.2

5.9

21.6

15.2

4.1

47.6

„

Communications

12.6

, J -._ J ..^,. i

9.9

Heat, light, and power „
_
Electric light and power
Gas
.

__ __

_-_ -

-

Miscellaneous _ _

1952

Total

509.3

Food, beverages, and tobacco
Textiles and leather _
_
Paper and printing
Chemicals
Oil refining
Iron and steel
__
Nonferrous metals
Machinery, excluding electric .
Electrical machinery
Transportation equipment- _
Automobiles
Other manufacturing.
_ _

__ __
__

__.

Mining

540.0

234.7

1, 178. 1

546.7

231.5

1, 166. 5

540.5

253.0

1,736.1

808.2

196.5

116.7

761.4

199.2

105.5

763.5

203.5

115.2

1, 045. 5

30.7
11.6
8.4
18.0
5.9
11.5
3.3
26.5
25.6
3.0
2.6
22.6

8.1
4.3
3.6
11.2
3.2
9.8
3.8
6.7
1.6
2.8
4.3
5.3

59.5
23.3
28.1
103.8
227.6
79.6
31.1
45.8
27.5
12.5
125.4
44.0

35.8
11.4
10.9
19.3
7.8
20.2
5.3
21.6
28.6
4.8
3.5
27.3

10.5
5.5
6.1
15.7
13.5
13.8
8.2
11.0
16.7
4.3
5.4
6.0

51.9
19.2
27.6
99.4
214.2
78.1
27.3
41.9
20.1
12.7
122.1
46.9

36.0
12.1
9.7
19.3
7.7
20.2
5.3
23.7
28.7
6.2
3.3
27.0

9.6
4.6
5.2
16.6
12.2
13.7
8.4
10.9
9.7
2.2
6.7
5.7

54.1
20.0
26.6
100.6
218.6
77.6
26.2
43.4
19.4
12.4
120.4
44.2

35.1
10.1
11.1
20.1
4.9
22.5
5.7
26.8
28.5
4.5
4.8
29.4

12.5
4.5
5.4
15.7
13.2
15.0
8.3
12.4
8.5
6.4
6.7
6.6

79.8
24.1
34.2
143.3.
266/
108.
43.3
64.5
38.8
23.5
129.0
90.4
141.9

4.7

_

Heat, light, and power.
Electric light and power
Gas
Communications

_
__

_ __
_ __ __

___ __ __.,

2.3

89.6

7.9

3.7

89.7

6.7

3.3

87.9

8.0

2.1

14.8

38.4

53.9

10.5

45.7

38.6

10.3

47.2

40.3

8.1

79.2

108. 3

Finance _ __

Miscellaneous

1,202.7

64.7

56.1

Trade
Railroads

181.1

169.7

Manufacturing

41.9

75.7

95.3

45.2

80.9

128.6

51.0

78.2

105.2

64.7

195 2

17.4

7.0

50.7

24.1

3.3

56.0

12.2

6.4

42.4

14.6

2.9

88.4

46.6
37.4
9.2

74.9
61.8
13.1

60.2
49.1
11.1

50.1
40.8
9.3

76.5
61.4
15.1

58.7
49.2
9.5

49.7
40.3
9.4

76.8
63.4
13.4

60.9
51.3
9.6

52.2
41.1
11.1

92.6
71 4
21.2

85.2

.8

39.2

90.1

.8

43.0

89.8

.8

46.9

95.0

1.0

49.7

12.2

3.0

26.0

12.0

4.4

24.9

12.9

4.5

23.6

13.0

6.8

43.6

55.7
47.5
8.2

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

The 5 percent decline of dividend disbursements in the
food, beverage, and tobacco group was concentrated in food
manufacturing, where after-tax profits dropped both in 1951
and in 1952. The elimination of extra and special dividends
paid in 1951 accounted for about one-half of the drop. The
remainder reflected rate reductions and the passing of regular
dividend payments.
Dividend payments reported by the automobile industry
in 1952 were $18 million, or 3 percent, lower than in the
previous year. From 1950 to 1951 disbursements in this
industry had fallen by over $200 million, or 27 percent, as
after-tax profits dropped sharply.
In the iron and steel and nonferrous metals industries,
publicly reported dividends payments in 1952 were somewhat
lower than in the previous year. The reduction took the




form of decreased rates and the elimination of extras and
specials paid in 1951. It is noteworthy that nearly all of the
basic steel producers maintained last year's payments at the
1951 rate despite severely depressed profits during the strike
period of last year.

Dividends and personal income
As contrasted with dividends publicly reported by corporations, the estimated total dividend flow to persons in the
first quarter of this year was at the seasonally adjusted annual rate of $9.2 billion, as compared with $9.1 billion in
calendar year 1952. This series is a component of personal
income and national income, and differs from publicly reported dividends because it includes an allowance for pay(Continued on page 24)

by Lawrence Bridge and Vito Natrella

Investment Programs and
Sales Expectations in 1953
in 1953
BUSINESS expectations of higher sales volume of fixed
are accompanied by continued large programs
capital facilities expansion.
Construction of new plant and new equipment purchases
are now scheduled to total $27.0 billion, 2 percent and 6 percent, respectively, above 1952 and 1951. After allowance
for the moderate rise in capital goods prices during this
period, there appears to be little difference between the
anticipated physical volume of facilities acquisition in 1953
and in either of the past 2 years. Realization of this year's
programs would mark the third successive year of real
fixed investment some one-fourth above the immediate preKorean rate.
By major industries, public utilities have scheduled the
largest expansion in capital outlays from 1952 to 1953—14

percent—while mining companies' plans are 3 percent higher.
Railroads, on the other hand, have programed a reduction
of 7 percent from last year's rate of capital additions.
Manufacturers, nonrail transport companies and other major
groups expect to at least maintain 1952 fixed investment
rates.
Associated with these capital budgets, every major industry expects greater sales in 1953 than in 1952. Both anticipated fixed investment and sales for the full year 1953 are
generally close to seasonally adjusted annual rates prevailing
at the beginning of this year.
While all size classes of firms expect sales increases from
1952, the larger companies generally anticipate the greater
relative gains. All size groups expect in 1953 to continue
capital outlays at their high 1952 rates.

Investment During 1953
The survey indicates that capital spending is scheduled
at seasonally adjusted annual rates of $27.8 billion in the
first half of this year. Comparison of this rate with programs for the full year implies a lowering in the rates of fixed
investment of almost 6 percent between the first and second
half of 1953. The imputed rate for the final 6 months,
however, is probably understated relative to earlier months
due to the tendency for under reporting to increase with the
period of forward planning. This factor has been found in
all previous surveys.
The experience in these earlier annual surveys, taken in
conjunction with the current survey, suggests that the anticipated rates of aggregate capital spending would be about the
same in the first and second half of this year. Manufacturers' programs indicate some decline in the final 6 months,
while continued strength is evident in mining, nonrail transportation, and the commercial group.

1953 programs increased
The present survey corroborates and strengthens the finding
in a similar survey conducted last October that business is
planning in 1953 to continue plant and equipment expenditures at a high rate. Programs now reported are higher by
5 percent than those earlier contemplated. Increases are
reported by almost all industries.
While a moderate rise in capital goods prices between the
NOTE—MR. BRIDGE IS ACTING CHIEF, BUSINESS STRUCTURE DIVISION,
OFFICE OF BUSINESS ECONOMICS, AND MR. NATRELLA IS CHIEF, SECTION OF FINANCIAL ANALYSIS, SECURITIES AND EXCHANGE COMMISSION,




two survey periods may account for a small part of the rise
in investment programs, more important factors are probably
the substantial recent increase in economic activity and the
greater completeness and firming of 1953 programs now as
compared to last October.

Defense facilities nearing goals
Current programs do not show the clear-cut divergence in
spending patterns between defense and nondefense industries
which characterized fixed investment in 1952. Most of the
capital expansion last year occurred in defense-supporting
industries—with most nondefense groups cutting back from,
or maintaining, 1951 fixed investment rates.
Expected trends this year are mixed—with expanding and
contracting programs evident in each area. Large reductions in projected capital outlays are found in a few
defense industries—particularly primary metals and transportation equipment (other than autos)—where expansion
programs are well advanced, while such industries as electric
power, chemicals and petroleum indicate no slackening in
capital growth rates.
Reported programs in these defense sectors reflect the
progress of facilities expansion under certificates of necessity.
Holders of $23 billion of certificates issued through last
September indicated that three-fifths of the value of these
facilities would be in place on December 31, 1952. By
industries, the proportions were about 45 percent for petroleum refining and slightly over 50 percent in chemicals and
electric power. Certificated programs in iron and steel, on

SURVEY OF CURRENT BUSINESS

8

the other hand, were two-thirds in place, and in aircraft
were about 85 percent complete.

Quarterly trends
Actual capital expenditures in the fourth quarter of 1952
amounted to $27.0 billion at seasonally adjusted annual
rates—about 6 percent above the strike-affected third quar-

Business Plant
Business has programed continued high
investment in 1953
30

o
a

20

LL

o

2

10

1950

195!

1952

1953
ANTICIPATED

Utilities continue expansion, manufacturing
remains high, rails curtail programs

April

Both durable and nondurable goods producers were con
tributing to the seasonally adjusted rise in capital outlays
anticipated by manufacturers in early 1953. Textile, fabri
cated metal, and primary metal companies were the onl}
manufacturing groups whose first-half programs indicated i
slackening rate of fixed investment.

Realization of 1952 investment programs
Expenditures for new plant and equipment in 1952 totalec
$26.5 billion compared to outlays programed in the earlj
part of 1952 of $26.2 billion.1 Although the total outlays
for all business in 1952 were practically the same as anticipated in early 1952, there was considerable variation in experience among the various industry groups. Manufacturing Companies' expenditures were slightly more than planned
whiL those of the commercial group were up 8 percent. Al
the other major groups were below beginning-of-year estimates—public utilities by 3 percent, railroads by 6 percent
and mining by 11 percent.
Within manufacturing, practically all the nondurable
goods industries underestimated their outlays and some o]
the durable goods industries fell short. But expenditures bj
the iron and steel, nonferrous metals and petroleum refining
industries deviated very little from the amounts programed
a year ago. Chemical and textile companies made outlays
within 5 percent of first-of-year anticipations while the nonelectrical machinery, motor vehicle, paper and beverage
groups were off planned rates by amounts ranging up to 1(
percent.
As in past surveys the larger manufacturing companies
were considerably more accurate in their anticipations thar
the smaller companies. Corporations with assets of $£
million or more invested 4 percent less than the amounts
scheduled a year ago. The smaller companies' estimates o*.
expenditures were considerably exceeded in actual performance.

Manufacturers' investment programs

175

MANUFACTURING
o
2,50

o
10

PUBLIC UTILITIES

V
125

100

I960
U. S. DEPARTMENT

OF COMMERCE. OFFICE OF BUSINESS ECONOMICS

ter, but only slightly above rates in the first half of last year
and the latter half of 1951.
Outlays in the first 2 quarters of this year are scheduled
at annual rates of $27.5 billion and $28 billion. The expansion in scheduled outlays in the first half of this year is
attributable primarily to the utilities and to manufacturing
companies. Anticipated capital expenditures by the railroads are also up somewhat, while plans of other major
industries show little change from 1952 rates.




In 1953, manufacturers are anticipating $12.0 billion oJ
capital outlays—about the same as in 1952 in physical volume
as well as cfollar amounts. In 1951, expenditures totaled
$10.9 billion while the pre-Korean peak—1948—saw manufacturers' expenditures of $9.1 billion.
Manufacturing outlays are expected to reach a high in the
first half of 1953—a seasonally adjusted rate of almost $13
billion. While this implies a decline in the second half of the
year, it should be noted that recurrence of the systematic
understatement noted earlier in second half programs might
considerably reduce the anticipated decline.

Industrial patterns

In the 1951-52 period the major stress in industrial expansion had generally been to provide needed additional capacity
for defense production. This year, however, the character oi
plant and equipment expenditures appears to be changing.
Some defense industries have begun to show declines. Some
nondefense industries are showing increases after curtailing
expenditures during the defense buildup, while other industries with both defense and nondefense characteristics are
continuing to expand.

i The anticipated figure of $24.1 billion as reported in March 1952 has been adjusted to take
into account the upward revision of the nonmanufacturing series (see SURVEY, August 1952)
and the revision of the estimates for 1951 presented in this article and described below. This
adjustment has been made by applying the anticipated relative change from 1951 to 1952 in
each industry to the revised 1951 estimate.

SURVEY OF CURRENT BUSINESS

April 1953

Reflecting this situation, 1953 finds durable-goods industries expecting a 5 percent decline from last year's capital
expenditures offset by an increase of the same magnitude
planned by nondurable-goods industries. The durable goods
group also primarily accounts for the slackening in manufacturers' projected investment rates in the latter half of this year.
The iron and steel and nonferrous metals industries account
for most of the expected reduction in outlays by durable goods
producers. Iron and steel companies, after a record expenditure in 1952, are dropping their 1953 programs by 12 percent,
while nonferrous metals firms are reducing outlays by 11 percent. Last year the nonferrous metals industry almost
doubled its 1951 expenditures.

9

Nonauto transportation equipment companies have scheduled 1953 outlays at 16 percent below last year, the stone,
clay and glass group expects a 15 precent drop and fabricated
metal products a decline of 8 percent. The machinery groups
are the only durable goods industries planning substantial
increases in outlays in 1953—an 18 percent rise by electrical
machinery companies and a 7 percent rise by other machinery
firms. Other major durable goods industries, including
motor vehicles, expect little change in outlays from 1952 rates.
Petroleum refiners and chemical companies are largely responsible for the increase in fixed investment planned by
nondurable goods industries. These two industries, having

Table 1.—Expenditures on New Plant and Equipment by United States Business,1 1950-53
[Millions of dollars]

1952

1951
1950

1951

1952

1953

19532
I

Manufacturing

II

III

IV

I

II

III

IV

12

112

7,491

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 glass3products
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 productsRubber products
_ .
Other nondurable goods 4

_

_ _ _

-__ __

10,852

11,994

12,039

2,157

2,743

2,738

3,214

2,650

3,156

2,820

3,367

3,028

3,163

3,135

Durable goods industries

5,168

5,784

5,523

962

1,248

1,351

1,607

1,307

1,465

1,358

1,654

1,427

1,457

599
134
350
245
411
510
82
280
524

1,198
310
433
373
683
851
219
397
704

1,538
595
355
376
772
896
253
318
682

1,350
529
328
444
822
872
211
270
697

181
51
105
69
124
160
34
77
158

262
70
111
94
152
224
52
102
182

319
78
103
92
185
236
63
102
174

436
111
114
118
222
230
71
116
190

319
125
86
82
173
194
76
84
168

416
141
86
92
187
214
72
80
176

334
166
77
88
174
241
46
73
159

470
163
106
114
238
247
58
80
179

366
136
96
92
211
229
62
62
174

343
126
88
103
226
(e)
58
(8)
204

4,356

5,684

6,210

6,516

1,196

1,495

1,387

1,607

1,343

1,691

1,463

1,713

1,601

1,707

523
237
450
327
771
1,587
102
359

579
274
531
420
1,247
2,102
150
382

540
245
400
354
1,451
2,596
139
484

506
285
314
380
1,571
2,858
134
469

142
78
122
93
247
373
32
108

162
75
157
109
329
513
35
116

136
63
124
107
309
532
34
82

140
58
128
111
362
684
49
76

134
48
109
82
317
513
33
108

145
61
110
87
366
747
39
136

123
64
87
89
358
592
34
116

138
73
93
96
410
745
34
124

126
57
78
99
391
693
32
123

130
62
70
109
423
769
33
111

707

929

880

910

194

242

241

252

217

228

206

229

208

213

1,111

Mining
Railroad

1,474

1,391

1,294

294

394

354

432

360

386

289

357

335

396

1,212

_

Public utilities
Communications
Commercial and other

_

_ _ _ _ _

1,490

1,363

1,380

354

415

375

346

356

372

302

335

304

315

3,309

Transportation, other than rail

3,664

3,838

4,368

729

897

983

1,055

821

928

947

1,142

1,030

1,199

I 7,000

1,737

1,811

1,814

1,874

1,737

1,738

1,680

1,835

1,636

1,682

26,991

5,465

6,502

6,505

7,173

6,141

6,808

6,244

7,265

6,541

6,968

12.99

1,104
_

All industries

1,319

1,598

5,671

5,916

5,391

20,605

8

25,644

26,455

Seasonally adjusted at annual rates
[Billions of dollars]

Mining
Railroads

10.63

11.30

11.69

11.78

12.24

11.64

12.23

12.78

.96

.96

.96

.93

.90

.83

.87

.84

.84

1.28

.»
_

9.59
.82

Manufacturing

1.47

1.52

1.60

1.56

1.44

1.24

1.32

1.31

1.48

Transportation, other than rail __

1.43

1.52

1.58

1.43

1.44

1.36

1.27

1.38

1.23

1.16

Public utilities

3.39

3.62

3.85

3.73

3.82

3.75

3.71

4.04

4.55

4.84

Commercial and other

fi

_

All industries
1 Data exclude expenditures of agricultural business and outlays charged to current account.
Estimates after 1950 have been revised.
2
Estimates for the year 1953 and for the first and second quarters of 1953 are based on anticipated capital expenditures as reported by business in February and March, 1953. Seasonally adjusted data for these quarters are also adjusted when necessary for systematic tendencies
in anticipatory data.
3
Includes lumber products, furniture and fixtures, instruments, ordnance and miscellaneous
manufactures.
246582°—5




7.23

7.27

7.28

7.15

7.19

6.89

6.80

7.12

6.83

6.76

23.74

25.47

26.49

26.56

26.72

26.58

25.49

26.96

27.54

28.07

4
Includes apparel and related products, tobacco, leather and leather products and printing
and publishing.
5
Includes trade, service, finance, communication and construction.
6
Data not available separately but are included in totals.
Sources: U. S. Department of Commerce, Office of Business Economics and Securities
and Exchange Commission.

SURVEY OF CURRENT BUSINESS

10

both defense and secular growth characteristics, are continuing
to expand, reflecting in part the development of new products.
The petroleum industry is scheduling a record $2.9 billion of
outlays for 1953, a 10 percent increase, while chemical companies are planning an 8 percent rise. The beverage industry

BILLIONS OF DOLLARS
30
TOTAL*

20

MA NUFA C TURING*.

COMMERCIAL AND OTHER
PUBLIC

1950 I
QUARTERLY

1951

I

1952

industry increased sharply from 1951 to 1952 to the highest
total since the 1948 peak.

Railroad outlays declining
Capital expenditures by railroads in 1953 are expected to
be about 7 percent below expenditures last year. Present
schedules indicate a continuing decline with the second half
of this year lower than the first half. Outlays for 1953 are
anticipated at $1.3 billion compared with $1.4 billion last
year and a record $1.5 billion in 1951.
While a decline is expected in 1953 for the railroad group
as a whole, on a regional basis a somewhat different picture
is indicated. Eastern railroads expect to cut 1952 rates of
outlay by close to 30 percent in 1953. However, western and
southern railroads, which showed declines from 1951 to 1952,
have initiated new programs which are expected to result in
1953 increases of 16 percent and 5 percent, respectively.
During 1953, there is a continuation of the trend starting
in 1951 toward higher road expenditures and lower expenditures for equipment. In the first half of 1953 expenditures
on equipment are expected to account for 71 percent of total
investment compared with 75 percent and 77 percent, respectively, in the corresponding periods of 1952 and 1951. Deliveries of freight cars last year totaled 78,000 as against 96,000
in 1951, while unfilled orders at the end of last year amounted
to only two-thirds of the backlog a year previously. Unfilled
orders of locomotives declined relatively even more over the
year.

Plant and Equipment
Expenditures

10

April 1953

Table 2.—Anticipated Changes in Sales, Selected Industries,
1952-53 i

I 1953

TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES
©ANTICIPATED

U S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS

53~39.

and the paper industry have programed outlays at 16 percent
and 7 percent above 1952, respectively. Textile firms are
showing the only substantial decline among nondurable goods
industries, while the other groups plan to maintain last year's
rates of fixed investment.

Utilities expansion to continue in 1953
Capital outlays by electric and gas utilities are being
scheduled at a record $4.4 billion for 1953 compared with
$3.8 billion last year and $3.7 billion in 1951. The more
than $500 million rise in 1953 over 1952 is equal to the expected increase in outlays by all industries combined, even
though utilities currently account for only about 15 percent
of total nonfarm plant and equipment expenditures. It is
interesting to note that utility outlays have risen continuously throughout the postwar period and that this industry's
expenditures, unlike those of all other major industries,
were not reduced during the downturn of 1949.
In 1952, the moderately increased rate of utility expenditures reflected a large expansion by electric utilities and an
almost offsetting decline in outlays by gas companies. In
1953, however, anticipations show increases hi both sectors,
with electric utilities planning a 15-percent rise from 1952 in
fixed investment expenditures and gas companies expecting
an 11 percent increase.
Expenditures by communications companies programed in
1953 show little change from 1952. Expenditures by this




Percent
change in
expectations,
1952 to 1953

Industry

Manufacturing

__

_

_ _ _ _ _

Durable goods industries __

7
11

_

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

15

o

8
14
3
18
32
6
6

Nondurable goods industries
Food and kindred products
Beverages
._
_
Textile-mill products
Paper and allied products
Chemicals and allied products
Petroleum a n d coal products
Rubber products
Other nondurables

4
4
6

_ _ _ _ _ _

o

4
7
3
6
7

_._
_ _ _ _ _ _

Mining

4

Transportation, other than rail

5

Public utilities

-

- -

-

11

* These anticipations were reported by business during February and early March.
Sources: U. S. Department of Commerce, Office of Business Economics and Securities and
Exchange Commission.

Transportation companies other than railroads expect a
small increase in expenditures in 1953 with a higher rate of
investment planned for the second half. Pipelines, motor
transportation, and water transportation companies are
scheduling larger expansion programs for 1953. All these
groups cut back their outlays in 1952 from 1951 rates. Air-

April 1953

SURVEY OF CURRENT BUSINESS

lines, after completing a substantial part of their expansion
programs in 1952, are now planning reductions for 1953.

Revisions in capital expenditures data
The foregoing review is based on reports submitted in
February and early March in the annual survey of plant and
equipment expenditures and sales expectations conducted
jointly by the Office of Business Economics and the Securities
and Exchange Commission. Also presented in this article
are revised data on capital outlays in the 1951-53 period.
The revised series encompass the now available capital

11

expenditures data in the 1951 annual reports of essentially
all corporations registered with the Securities and Exchange
Commission, as well as an enlarged group of nonregistered
manufacturers. The estimates for 1950 and earlier periods
are not affected by this revision and are directly comparable
to the revised 1951-53 figures. The relative quarter-toquarter movements during 1951 and 1952 in the new series
are not significantly different from the old series, although
the annual estimates have been lowered by about 3 percent.
For a detailed description of this series and its derivation, see
technical notes in the articles in the December 1951 and
August 1952 issues of the SURVEY.

1953 Sales Expectations
Businessmen are currently expecting to achieve the
largest sales volume on record in 1953. Every major nonfarm industry anticipates higher sales in 1953 than last
year, according to information collected from reporting
companies in the current survey of capital budgets. In
general, however, projected sales are quite close to current
rates.
Among major industry groups, the largest relative increase
in sales from 1952 to 1953 is anticipated by public utility
companies—11 percent. Manufacturers project a sales volume in 1953 more than 7 percent higher than last year.
Nonrail transport companies look forward to a more than
5 percent gain from 1952, while mining concerns foresee a
sales rise of 4 percent.

Durables expect greater increases
Within manufacturing, the durable-goods group is expecting an 11 percent rise in sales from 1952, as compared with
a 4 percent increase by nondurable-goods producers. The
expectations of the latter group, however, imply an increase
for the year as a whole of 5 percent from annual rates at the
beginning of the year, while no further gain is indicated by
the durable-goods sector.
Among durable-goods industries, the largest expected increases in sales from 1952 to 1953 are by automobile and
nonautomotive transportation equipment producers—13 percent and 32 percent, respectively. Primary steel and electrical machinery companies are each anticipating sales 15
percent higher. Manufacturers of other hard goods are
more moderate in their expected sales gains.
Relative to current sales volume, the greatest expansion
in sales during the remainder of 1953 is anticipated by the
nonautomotive transport group and by electrical machinery
producers. It is of interest to note that recent orders trends
have been quite strong in these industries.
In the nondurable-goods group, above-average expected
sales increases this year are reported by chemical, rubber,
beverage and tobacco companies. Petroleum, food and
paper companies are looking toward 1953 sales about 3 or
4 percent higher than in 1952. Textile companies are the
only major nondurable-goods group expecting only maintenance of last year's sales volume.
While all size-groups of manufacturers are expecting a
\iigher sales volume this year, hi about two-thirds of the
major industry groups the larger companies anticipate the
greater relative gain. In aggregate, manufacturers with
assets of over $100 million are thinking in terms of a 12 per-




cent increase in sales from 1952 to 1953, as compared to an
expected increase of somewhat over 7 percent by all manufacturing companies combined.

Sales and fixed investment programs
In most years, it is found there is a general correspondence
between near-term sales expectations and capital expenditures programs. This would be expected for many reasons,
including considerations of projected output schedules and
replacement and capacity requirements, and the importance
of funds generated by sales in the financing of investment.
Such conformance between movements in sales and in
fixed investment was especially strong in the earlier postKorean period when defense programs stimulated both expansion and sales in some industries, while restricting both
investment and output in others. The relationship between
anticipated sales and fixed investment in 1953 is somewhat
obscured by such factors as the near-completion of some
very large defense expansion programs. In such industries
as primary steel and nonautomotive transport equipment,
for example, projected increases in sales are accompanied by
large cutbacks in capital programs. In defense industries
with less advanced expansion programs and in areas with
underlying secular growth trends such as chemicals, petroleum and the public utilities there is a definite conformance
in expectations.
In evaluating these results, it should be borne in mind
that sales expectations of an individual concern are not so
firm as fixed investment plans. Sales for a particular concern are to a large extent subject to external forces of demand.
Investment decisions, on the other hand, although importantly influenced by the current demand for a company's
products, are determined also by other independent considerations. Capital programs, in addition, involve commitments some time in advance.
In 1952, however, most industries were quite accurate hi
sales projections made early that year. The only significant
deviation between anticipated and actual sales in 1952
occurred in the strike-affected steel industry which showed
the largest sales decline of any industry. The nonautomotive transport equipment industry expected the largest
relative sales increase from 1951 to 1952—50 percent—and
actually experienced a gain of this magnitude. At the
opposite extreme, textile companies anticipated the greatest
sales decline—9 percent. Sales of this group did fall by
that amount. Sales of most other manufacturing industries
from 1951 to 1952 were within 3 percent of the group's
expectations.

by Loughlin F. McHugh ^-

Indebtedness of Individuals
iTEDNESS of individuals has risen sharply in the
postwar period. Major factors in this expansion were mortgage purchases of homes and short-term consumer credit used
in the purchasing of consumer durable goods. The total
value of these forms of debt owed by individuals at the end
of last year amounted to about $82 billion, compared with
$24 billion at the end of World War II.
The exceptional rise in a 7-year period reflected for the
most part the unusual postwar demand for and supply of
new housing and durable consumer goods which had been in
extremely limited supply during the war years. Demand
was made effective primarily by the high postwar consumer
incomes coupled with the greatly improved financial status
of individuals arising out of wartime conditions.
The expansion of consumer indebtedness was considerably
dampened in 1951 after the introduction of credit controls.
This was most apparent in the case of short-term debt,
although the rise in mortgage credit also appears to have
been restricted. With the suspension of controls on shortterm credit a year ago, the rapid expansion of such debt was
renewed, and with mortgage loans also higher, total indebtedness of individuals increased in 1952 to an extent almost
equaling the record $ll-billion increase of 1950.

These developments have occasioned renewed concern
over the consumers7 general financial condition. Are they
over-indebted? Can the pace of expansion continue? The
following analysis represent an attempt to shed some light
on these questions by placing the current debt picture in
historical perspective and evaluating it in the light of relevant
facts.
Summary
Despite the steep postwar rise in both short-term and
mortgage debt of individuals, the current volume of outstanding debt does not appear to be of unmanageable proportions given consumers' present income and liquidity position. Considering the long-term growth in the use of credit,
their debt-income ratio does not appear exceptionally high.
With consumer income up relatively almost as much as
debt, ability to service consumers' debt compares favorably
with earlier periods of high business activity. The impact
of the larger volume of current debt on interest payments
has been partly offset by the general reduction in interest
rates so that this charge against income is currently relatively
lower than in the twenties.

Trends in Consumer Debt Outstanding
PERCENT RATIO TO DISPOSABLE PERSONAL INOO&E
00

BILLIONS OF

100
SO
60
00
4O

MORTGAGE DEBT AND
\ CONSUMER CREDIT

MORTGAGE DEBT AND
CONSUMER CREDIT
40

30

10

20

8

CONSUMER CREDIT1

CONSUMER CREDIT
- -r*,1

T

-MfeeV

T

' . . . . * ...-.-..'

f

f

3 1 / 3 S 35
.... * * .. x..

*

'...*'

'' '
37

j

*

*

'' ' '

U S> DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS

12




*

*

*

39 41 43 '46
e**& OF YEAR

*

*

''

ECONOMICS

I

*

47^49

51

*929

I

I

31

I

33

I

I

I

38

I

I

3T

I

I

39

I

41

I

I

43

I

I

45

I

I

4?

I

I

49

I

I

61

I

SUEVEY OF CURRENT BUSINESS

April 1953

In the mortgage field, the reduction in interest costs in
part reflects the less risky nature of lending with the introduction of mortgage insurance and guarantees. There has,
however, been an apparent rise in the proportion of income
required for payments on principal arising out of a change
in emphasis from renewable unamortized loans to contracts
with fixed monthly amortization.
It must be emphasized that these generalizations apply to
the current situation as it now stands—which is one of
general prosperity. A reduction in consumers' income from
any cause would increase the burden of the debt and, in the
subsequent adjustment period, the relatively high and rigid
servicing requirements would probably affect consumer markets generally. Moreover, while the overall financial situation of consumers appears generally adequate to support
their current indebtedness, there may be, and probably are,
groups of individuals whose financial condition is "stretched"
by any sound standard.
The current liquidity position of individuals compares
favorably with other periods of prosperity. Although this
general picture may not apply with equal force to all income
groups, available evidence seems to indicate that the liquid
assets owned by individuals are fairly widely held. With
the establishment of a network of insurance which affects
virtually all major suppliers of credit, the institutional financial framework is today far less vulnerable to the secondary
effects of dislocating developments than it was in earlier
periods.
Short-Term Consumer Credit
The most striking recent change in credit developments
has occurred in the use of short-term credit. Throughout
most of the postwar period "time" purchases moved sharply
upward. The introduction of credit controls in the latter
part of 1950 and later the lessened availability of goods
usually bought with the aid of credit virtually stopped this
rise and kept the volume of credit on a plateau throughout
1951 and early 1952. However, with the removal of controls
in May 1952 and the greatly improved supply of hard goods
since that time, short-term consumer indebtedness again
moved forward at a rapid rate.

Debt rising
At the end of February total short-term consumer credit
outstanding amounted to $23.5 billion, almost $4 billion
above a year ago, and down about $0.5 billion from last
December. Rough adjustments for seasonal influences
suggests that during the first two months of 1953 consumer
short-term debt continued upward at from $300 million to
$500 million a month. This increase is close to, if not equal
to, the very rapid rate of the last three quarters of 1952.
In order to place the present debt in perspective, several
considerations should be briefly noted. In contrast to mortgage credit, the use of short-term borrowing is of relatively
recent origin. This form of borrowing did not "take hold' 7
until the twenties. This was partly a reflection of the growing importance of durables, particularly automobiles, in the
consumer goods market. It was also associated with a change
in attitude on the part of major lending institutions toward
this type of earning asset.
As is apparent from the accompanying chart, short-term
credit is more responsive to changes in economic conditions
than is mortgage debt. This may in part reflect differences in
the nature of the demand for the objects purchased, but the
relatively short life span of the loan is also important. BeNOTE.—MR. McHUGH IS A MEMBER OF THE BUSINESS STRUCTURE
DIVISION, OFFICE OF BUSINESS ECONOMICS.




13

cause of much more rapid turnover of this credit, terms of
lending can be adjusted to meet different market situations.
This will be demonstrated below in connection with the imposition and removal of Regulation W.
Regulation W dampened credit expansion

Installment purchasing had dominated the recent credit
picture, accounting for $3K billion of the $4 billion increase
over the past year. Hence the following discussion will be
centered on an analysis of this area of credit expansion.
Since the elimination of controls, available evidence suggests that downpayments have been lowered and maturities
have been lengthened, thus tending to add to the credit base
through larger loans relative to the purchase price and slower
repayments on the new loans negotiated. It may be recalled
that these trends were strongly in evidence in the period
before credit was recontrolled.
Table 1.—Installment Credit Changes
[Billions of dollars]
Outstanding
start of year

Year

New loans
during year

Repayment
during year

Automobiles
1946
1947

_

1948
1949
1950 _ _
1951
1952
1953

_

0.4
.9
1.7
2.7
4.1
5.3
5.2
6.7

1.5
2.9
4.2
5.8
7.2
7.4
10.0

1.0
2.0
3.2
4.5
5.9
7.6
8.4

Major Household Goods *
1946
1947
1948
1949
1950
1951_
1952
1953

. .
_ _

2.0
3.2
4.8
5.9
6.8
8.1
8.3
9.8

5.7
8.0
9.4
10.0
11.3
11.6
14.0

4.6
6.4
8. 2
9.0
10.1
11.4
12.5

1

Includes repair and modernization loans.
Source: Board of Governors of the Federal Reserve System.

New loans made on both automobile purchases and major
household goods rose rapidly from 1949 to 1950. The
1949-50 expansion was, in part, the result of decontrol
which occurred in mid-1949 but perhaps more importantly,
of the rise in purchases in 1950 of goods normally bought on
credit.
Regulation W served not only to check the tendency toward more liberal terms, but also to cause some tightening
of maturities and downpayments and hence to restrict the
net increase in indebtedness. However, the volume of new
lending was not lowered during the control period (table 1).
Post-Korean recontrol was introduced in September and
October of 1950 and remained in effect throughout 1951.
Yet total new borrowing in 1951 was actually slightly larger
than in the preceding year. This expansion occurred despite
the fact that consumer spending on durable goods in 1951
was lower than in 1950 (table 2). Consumer purchases of
new passenger cars in 1951, for example, were down about
16 percent and other selected durables of the high-ticket
variety were off some 8 percent from 1950.
That a spreading use of consumer credit took place during
a period of controls is in no way indicative of defective
application of the law, since Regulation W was never intended to control directly this aspect of credit. It is probable that the controls did indirectly restrict the volume of

SURVEY OF CURRENT BUSINESS

14

new lending by imposing terms which some consumers felt
were too burdensome to undertake.

The 1952 upsurge
Regulation W was suspended on May 7, 1952. The
resultant freeing of terms and the associated widening in the
use of borrowed funds raised the volume of new installment
loans made during 1952 to the record sum of $24 billion, $5
billion more than in the preceding year. Repayments also
rose but at a slower pace and, for the year 1952 as a whole,
the net expansion of installment debt amounted to about
$3 billion.

April 1953

as pictured in the table would have tended to have the more
immediate effect in increasing credit, but over a period of
time, a lowering of regular monthly payment in the magnitude suggested by table 3 would have the greater quantitative impac-t. This is particularly true in the case of automotive credit where average downpayments did not appear
to be so greatly affected by controls as were maturity
schedules.

Consumer Credit Terms
NO CONTROLS IN EFFECT (APRIL-SEPT. 1950)

Table 2.—-Index of Consumer Expenditures for Selected Durable
Goods

CONTROLS IN EFFECT

(AUG.-OCT.

1951)

CURRENT

[1950=100]
MONTHS

1950

New passenger cars

1952 P

100

-

84

77

100

92

84

102

100

AVERAGE MATURITIES

90

100

_

Total selected durables other than automobiles _Furniture
Floor coverings
Radio, television, etc
Major household appliances

1951

1953 1st qtr.
(seasonally
adjusted)

n. a
n. a.
n. a.
n. a.

100
100
100

101
96
83

85
75
76

97

p.-=preliminary.
n. a.=Not available.
Source: U. S. Department of Commerce, Office of Business Economics.

The not expansion of installment credit in 1952 equaled
one-sixth of total spending on major consumer durable
goods. In other words, consumer payments out of their own
resources for durable goods (excluding interest) equaled only
five-sixths the value of their purchases. This credit expansion may be compared with the relative stability of such
debt in 1951, when purchases of durable goods were actually
larger than in 1952.

PERCENT OF PURCHASE PRICE
AVERAGE DOWNPAYMENTS

Influences in the 1952 expansion
To analyze adequately the current consumer credit situation it is important to segregate the various influences
involved in the recent upsurge. In the absence of information on such considerations as the current terms of consumer
loans, it is not possible to measure exactly the relative impact
of the many factors in operation. It is possible, however,
from fragmentary data, set in the background of previous
experience, to evaluate the major aspects of the recent credit
increase.
In the past, developments in decontrol periods and in
intervals of easing controls clearly indicate that with no
drastic changes in the demand and supply situation, the
market moves quickly in the direction of "easier" credit once
the green light is given. After controls were ended in June
1949, credit terms were quickly and considerably liberalized.
Table 3 shows a comparison of average terms prevailing
during controls with those which were in effect about a year
after the previous decontrol in June 1949. It is believed that
the difference in terms indicated in the table can be used as
a first approximation of the liberalization which may have
occurred since the most recent decontrol last May. A return
to the "precontrol" situation pictured in the table would
account for roughly half of the total increase of $3 billion in
installment credit during 1952.
The greater part of the net increase associated with the
liberalization of terms would be directly related to the
lengthening of maturities. An easing of downpayments such



10 -

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

The remaining $1^ billion net increase in installment debl
in 1952 may be directly traced to more extensive use o:
credit in the consumer markets. Of course, this expansior
cannot be divorced from the easing of terms since in large
part the more widespread use of credit probably reflectec
the decisions of some consumers in 1952 to satisfy demands
postponed by reason of the more restrictive control requirements in effect in 1951.
This spreading effect of consumer credit buying in 1952 is
vividly illustrated in table 4, which shows for recent years
the estimated proportion of people making use of borrowed
funds in purchasing new automobiles and major household

SURVEY OF CURRENT BUSINESS

April 1953

goods. It is estimated that three-fifths of all new passenger
cars purchased last year were made with the aid of some
borrowed funds. This compares with a proportion of less
than one-half in each of the three preceding years. The rise
from 1951 to 1952 in the proportionate use of credit buying
of major household goods, while not so spectacular, was
also substantial.
Current proportions are probably higher than those shown
in the table for 1952. However, it would appear unlikely
that they are out of line with ratios prevailing prior to World
War II. At that time, trade reports suggest, of total sales
of major durable items, two-thirds were made on time.

15

The prospective credit picture
If terms in current sales contracts approximate those
pictured in the "precontrol" column in table 3, a further increase in consumer credit may be expected in the period
immediately ahead, totally apart from any extension of
credit buying. This is due to the fact that outstanding
contracts include not only those recently negotiated but
those which were signed on the more restrictive terms of
Regulation W. To the extent that these latter contracts
are replaced by those involving the more liberal terms
Table 4.—Credit Sales as Proportion of Total Sales
[Percent]

Credit not unduly high
Table 5 presents a comparison of trends in income and
short-term consumer debt. It will be seen that both income
and consumer debt have risen greatly since prewar. The
proportion of debt to income did not approach the prewar
peak until recently. Until the current upsurge, which has
raised the ratio of debt to income to about 10 percent, the
postwar high in the ratio had been 9.2 percent in the period
just prior to recontrol—while the highest prewar ratio was
10.8 percent in 1940.

Major HouseNew
Automobiles hold Goods

Year
1949

43

54

1950

46

50

1951

47

52

1952

60

60

Source: The Board of Governors of the Federal Reserve System, except for 1952 which are
estimates made by the Office of Business Economics, U. S. Department of Commerce.

Table 3.—Consumer Credit Terms
Precontrol *

Control J

Average Maturity
(in months)

21
14
18

New automobiles
Furniture
House appliances

16#
13
15

Average Downpayment
(as a percent of purchase price)
New automobiles
Furniture
House appliances.-.

.

_

,

42#
16
14#

47
21
21

1

currently prevailing, average maturities will be lengthened,
average loans relative to purchase price will be increased,
and hence total credit outstanding will continue to rise. By
the latter part of the year the combined impact of these
influences will have been fully felt.
The current supply of consumer durables is substantially
higher than a year ago and still rising. Hence, if demand
remains strong and the current proportion of credit buying
is maintained, this will also be a factor tending to increase
the volume of outstanding debt.
Table 5.—Disposable Personal Income and Short-term Consumer
Credit Outstanding, Selected Periods, 1929 to 1953

Precontrol terms are those on contracts negotiated between April 1 to September 17, 1950.
Control terms are those on contracts signed from August 1 through October 27,1951.
Source: Board of Governors of the Federal Reserve System.

The dampening effect of Regulation W is evident in the
fact that debt was held relatively stable for a year and a
half while incomes continued to expand, and at the end of
controls last May the proportion of debt to income was 8.6
percent, only moderately higher than in mid-1949 when the
last of the wartime controls were lifted.
In evaluating the consumer short-term debt, it is significant
to recall there has been a strong secular uptrend in the debtincome relationship, attributable entirely to the installment
component. This uptrend was halted by shortages of durable goods and credit controls during the war years and,
while consumer borrowing advanced sharply in the postwar
period, the outstanding indebtedness falls short of the total
which would reflect the maintenance of the prewar trend.
For example, present installment debt constitutes about 7
percent of disposable income, about the same proportion as
just before the war. This compares with a rise in the ratio
of 3 percentage points in the 1929-40 period.
Needless to say, there is no obviously necessary reason
to assume that the prewar influences tending to increase consumer debt relative to income would be projected with equal
force into the postwar period. There is on the other hand
no sound basis for supposing that these forces have ceased to
exist.



Billions of dollars
Disposable
personal
income

Credit as a percent of
income

Consumer Credit
Total Install- Other
ment

Total Installment

Other

82.5

6.3

3.2

3.1

7.6

3.9

3.7

1940
1941
1945
End of wartime controls 1

75.7
92.0
151. 1
187.3

8.2
8.8
5.6
14.3

5.4
5.9
2.4
9.1

2.8
2.9
3.2
5.2

10.8
9.6
3.7
7.6

7.1
6.4
1.6
4.9

3.7
3.2
2.1
2.7

Start of Korean controls32
End of Korean controls

208.5
230. 8

19.3
19.8

13.3
13.3

6.0
6.5

9.2
8.6

6.4
5.8

2.8
2.8

Current *

245.0

23.5

16.7

6.8

9.6

6.8

2.8

1929

* June 1949 for credit and second quarter 1949 for income.
September 1950 for credit and third quarter 1950 for income.
April 1952 for credit and second quarter for income.
February 1953 for credit and first quarter 1953 for income.
Source: U. S. Department of Commerce and Board of Governors of the Federal Reserve
System,
2
3
4

In this perspective, the rise in consumer debt in 1953
could be substantial. It should be emphasized, however,
that credit expansion is unlikely to be continued for any
extended period at the rapid rate experienced in the past
year since the pace of the increase depended on two unusual
developments, a sharp climb in output of durable goods, and
a progressive and substantial easing of credit terms. To the
extent that the latter factor is stimulating sales, the stabili-

SUEVEY OF CUKKENT BUSINESS

16

zation of credit terms would exert some dampening influence
on demand for durable goods. This would tend to make
income considerations of increasing importance in the
market for these goods.
Residential Mortgage Debt
Residential mortgage debt has moved up with the housing
boom of the postwar period. Total debt outstanding on
l-to-4 family nonfarm houses topped $58 billion at the end
of 1952, an expansion of almost $6}£ billion for the year and
$40 billion more than at the end of World War II.1 The
1952 increase was somewhat larger than the average annual
gain in the postwar period, but below the record increase
of $7^ billion which occurred in 1950.
The sustained postwar rise in mortgage debt has been a
product of a number of major influences, of which the overriding consideration was the combination of a substantial
back-log of demand for housing and the favorable financial
condition of the public. In addition, there has been a
pronounced shift to home ownership as opposed to rental
housing, and at the same time an increasingly frequent use
of borrowed funds in buying these houses.

Mortgage Financing
Federally-supported mortgages are employed
to a lessened extent currently
PERCENT
100
FHA INSURED

twenties to a low of $1 billion in 1933. Kepayments fell
much less rapidly from $3 billion in 1929 to $2 billion in 1933.
In the subsequent recovery phase, privately financed housing
activity did not approach the predepression rate until just
before the war, and with prices generally lower in the latter
period, new mortgage lending remained below that of the
twenties. Borrowing exceeded repayments, however, in the
8-year period from 1933 to 1941, with the result that outstanding debt rose by $3 billion, or about back to the 1929
total.
The volume of new loans made during the war remained
relatively low and was approximately matched by retirements. Thus at the start of the postwar period, the value
of outstanding mortgages was no higher than in 1929 (see
chart on p. 12).
Over this period, however, the financial status of individuals had been greatly improved. Consumers disposable income amounted to $150 billion at the war's end compared
with $82.5 billion in 1929. While a good part of this rise
reflected higher prices, real purchasing power in 1945 was
also well above that of the twenties. The middle line of the
right panel of the chart on page 12 depicts the trend in the
ratio of mortgage debt to consumer income. The improved
debt-income situation at the war's end is clearly evident,
with the proportion of mortgage debt to income amounting
to 12 percent in 1945 as compared with 20 percent in 1941
and an even slightly higher proportion in 1929.
As may be seen from the chart, the increase in mortgage
debt in the past 7 years was relatively much more rapid than
the rise in income. Yet at the present time outstanding indebtedness is only moderately in excess of the amount suggested by the relation to income in the more prosperous prewar years. At the end of 1952, mortgage debt of individuals
was equal to about one-fourth of consumer income compared
with the prewar proportions of from 20 percent to 23 percent
in both the late twenties and early forties.

VA GUARANTEED

80

Interest burden lower

60

40

CONVENTIONAL

20

I960
U

April 1953

S. DEPARTMENT

1951

1952

OF" COMMERCE. OFFICE OF BUS/NESS

ECONOMICS

53~44

These developments contributed to a buoyant real
estate market which witnessed generally rising real estate
prices, and hence expansion of the mortgage base. On the
supply side, the generally satisfactory financial condition
of buyers and the availability of Federal insurance or
guarantees was conducive to relatively free lending by financial institutions with record sums seeking investment.
New mortgage loans fell drastically in the early depression
years from a range of from $4 to $5 billion a year in the late
1
These text figures utilize recent revisions by the Federal Home Loan Bank Board of
the series on outstanding mortgage debt. Since the revisions thus far made cover only
the 1938-52 period, the series shown in the chart is on an unrevised basis which is, however,
sufficiently reliable to depict the long-term trend.




The simple relation of debt to income does not adequately
portray the full story of the impact of current mortgage debt.
It is also necessary to weigh the trend of the debt-servicing
charges in relation to consumers' income.
Total interest payments on residential mortgage debt currently amount to $3 billion, and have been rising in the recent
period at the rate of $300 to $400 million a year, reflecting
largely the rise in outstanding debt. In historical perspective, the present payments are relatively low, with interest
charges up much less than income (table 6). Pa}7ments are
approximately double the charges just before the war and 60
percent above the average of the late twenties. Income, on
the other hand, is currently roughly three times the amount
in 1940 and in 1929. As may be seen from the table, interest
payments on mortgages are currently 1.3 percent of income
in contrast to 2.2 percent in 1929.
At the present time, the effective interest rate is approximately 5 percent in contrast to a rate of over 6 percent in
the late twenties. The lower interest rates reflect not only
a general rate reduction but also the fact that a large proportion of the current debt is under Federal support or guarantee whereas no such protection was afforded in the earlier
period.

Debt retirement higher
Data are not now available to measure current payments
on principal. However, from new mortgage records and information on the net change in mortgage debt, it is possible

April 1953

SUEVEY OF CUKKENT BUSINESS

to derive a series of retirements of debt.2 Since new loans
made reflect not only borrowing to finance house purchases
but also refinancing of existing mortgage debt, the residual
"retirement" series is likewise affected by refinancing operations as well as other factors such as foreclosures. Such a
series may, however, throw some light on repayment trends.
The ratio of apparent retirements to disposable income is
shown below for selected time periods:
Percent

Building boom of 20's
Predepression (1929)
Pre-World War II
World War II
Late postwar boom
Current

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

Thus the reduced impact of interest charges in large part
offsets the somewhat higher relative repayment requirements.
While the total charges of repayments and interest are somewhat higher in relation to income than in the immediate
prewar situation, they are not significantly higher than in the
late twenties.

Trend to home ownership
Over a long period of time, there has been a trend from
rented to owned dwelling units (table 7). Whereas just
before and at the turn of the 20th century, 63 percent of
occupied units were rented, by 1930 the proportion of rental
units had dropped to 54 percent. The depression years of
the thirties saw a temporary reversal of this trend as the
inability of many home owners to service their debt resulted
in foreclosures and forced sales. By 1950, home owners
occupied 53 percent of total dwelling units.

Increased use of mortgages
This relative gain in owned homes over past decades has
probably tended to provide an expanded mortgage credit
base. More important has been an increased tendency on
the part of individuals to avail themselves of borrowed
funds in buying homes (table 8). Between 1890 and 1920
the proportion of owner-occupied nonfarm homes with
mortgages increased from 28 to 40 percent of all owneroccupied homes. The rate of relative increase was somewhat lower for the 1920-40 period. While data on the debt
status of homes were not collected in 1930, it is reasonable
to suppose that this slowing of the pace to mortgaged homes
was largely the reflection of the depressed condition of the
thirties. It is interesting to note that despite the sharp postwar debt increase, the proportion of mortgaged homes in
early 1950—44 percent—was still not up to that of 1940.
Although the continued heavy use of credit purchases of
homes since 1950 has probably brought the number of mortgaged homes to a position of greater relative importance at
the present time, it is unlikely that the ratio is out of line
with the historical trend.

Financing terms eased
Available data on mortgage terms are inadequate to
accurately assess the influence of easier terms in the increasing
use of mortgages and the expanding volume of mortgage
debt. There seems to be little doubt, however, that there
has been an historical tendency toward easier terms which
has made possible more widespread acceptance of mortgage
*financing. As indicated above, amortization of principal
has in considerable degree replaced lump-sum payment
requirements. While this development may have increased
current carrying charges over the short-run, the regulari2

New recordings less change in debt equals apparent retirements.




17

zation of repayment permits more careful budgeting which
would tend to reduce the risk not only for the borrower but
for the lender as well. With risk lowered, the lender did
not have the same incentive to require downpayments as
high as would have otherwise been necessary.
With respect to both maturity schedules and downpayments, the most radical changes were introduced in the war
and postwar periods. Most important of these changes were
the liberalization of lending terms under FHA mortgage
insurance provisions early in the war and the introduction
of the even more liberal credit provisions under VA guarantees after the war. These developments not only tended to
increase debt directly, but also brought into the housing
market persons who might not otherwise have been able
to meet previous downpayment or monthly service charges.
Also important has been the secular downward drift in
mortgage rates. Throughout the postwar period, conventional first-trust mortgages were typically available at 5
percent; and Federally supported mortgage funds, which
accounted for from one-fourth to one-third of all mortgage
loans in this period, were generally available at from 4 percent to 4% percent. These figures may be contrasted with
the situation in 1920, when it was found that five-sixths of
the then outstanding mortgages carried face interest rates
of 6 percent or more with one-fifth of the mortgages involving
interest charges of 7 percent or more.

Supply of mortgage funds
The rate of increase in debt is, of necessity, intimately
connected with available supply of mortgage funds, which
in turn, is affected by the savings of the community and by
the relative attractiveness of mortgages as compared with
other investment opportunities available to lending institutions. Savings of individuals in the recent past—since the
subsiding of the post-Korean buying waves—have been at a
high rate. The improved supply of funds generated by
these savings provided the basic source of mortgage money
in the recent period.
Table 6.—Interest Payments of Individuals Related to Income
[As a percent of disposable personal income]
Mortgage
interest
payments
1929
1933
1940
1945
1950_
1951 _
1952

_ _

Interest on
personal
debt

Interest on
mortgages
and personal
debt

2.2
3.7
1.7

.7
1.0
1.0

2 9
4.8
2.7

.8
1.1
1.2
1.3

.3
.8
.8
.9

1.1
1.9
2.0
2.2

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

The availability of mortgage funds has been affected,
however, by the general firming of long-term interest rates
in the past two years. This has meant that Governmentsupported mortgages, with contractual interest fixed by
administrative decision or by law, are not so prominent
a method of financing as before the change (see chart).
It may be noted that even before the upward trend in longterm interest rates initiated in early 1951, mortgages insured
or guaranteed by the U. S. Government had received considerable support from the operations of the Federal National
Mortgage Association. This support reached a peak in 1950,
when FNMA purchases of VA mortgages amounted to $1
billion, equivalent to one-third of new VA loans closed that
year. At the present time, support activity of this agency is

SURVEY OF CUEEENT BUSINESS

18

much more limited, and directed especially to special programs authorized by Congress.

The current and prospective situation
Despite the sharp postwar rise in mortgages, present debt
does not appear unduly high in the perspective of the public's
current ability to carry the burden. A good part of the
expansion reflected the realization of housing demand pent
up by wartime limitations on residential construction while
another significant part may be attributed to the continued
Table 7.—Tenure of Occupied Nonfarm Residences, 1890-1950
Number of
units
(millions)
1890-.
1900
19101920

.

1930
19401950

-

.

Percent
Owned

Rented

7.9
10.3
14.1
17.6

36.9
36.5
38.4
40.9

63.1
63.5
61.6
59.1

23.3
27.7
36.6

46.0
41.2
53.3

54.0
58.8
46.7

Source: U. S. Department of Commerce, Bureau of the Census.

expansion of consumer income in the postwar period. It
should be noted, moreover, that while the postwar inflation
involved serious difficulties for some sectors of the population,
all but the more recent home purchasers have seen their
housing equities improved by the general rise in real estate
values.
The mortgage picture is, however, one that warrants careful scrutiny. A debt burden which does not appear unduly
heavy in the light of current financial conditions could be
greatly increased if incomes fall. In such an event not only
would the housing market be directly affected, but the secondary effects of the relatively high fixed charges would
probably be felt in other consumer markets as well.
In the absence of any substantial reduction in housing
activity, a further rise in mortgage debt may be expected in
the nearterm totally apart from income expansion. This
would reflect the sustained volume of new loans associated
with the current rate of activity combined with but a
moderate expansion of debt repayment over current levels.
Balance Sheet Position of Individuals
Indebtedness of individuals should be also evaluated in
terms of the asset holdings of the public. Data on the value
of assets against which this debt was incurred are not complete but it appears that equity in such assets has been increased substantially from prewar, probably by more than
the increase in debt.

Debt-value relation for homes
In the housing census of April 1950, the Bureau of the
Census found that owners who reported the market value of
mortgaged residential units placed a value of $80 billion on
these units. Outstanding mortgages on these dwellings were
reported at $33.8 billion, implying an equity of over $46
billion, or 58 percent of the estimated value. These figures
may overstate the actual equity since the owner may think
in terms of the "asking'' rather than market price. This
reported proportion of equity to value of mortgaged residences in 1950 was well above the similarly reported proportion of less than 50 percent in 1940, about the same as in 1920,
and only moderately below the reported ratio as far back as
1890 (60 percent).




April 1953

Since the Census survey in April 1950, both the value of,
and debt on mortgaged homes have increased substantially.
There is little doubt, however, that these changes have not
brought the current proportion of equity to market value
below the range of prewar experience. This is probably^
also true of other major consumer durable goods.

Liquidity still substantial
At the same time, consumers have maintained a liquidity
position which, while not so favorable as during the war, is
more favorable than in any recorded prewar year. Total
liquid assets of individuals are usually defined to include:
(1) currency, (2) savings deposits (including shares in savings and loan associations); (3) demand deposits; (4) U. S.
Savings bonds; (5) other securities; and (6) equity in private
life insurance.
The Securities and Exchange Commission estimates these
accumulated savings of individuals (including unincorporated
business owners) amount to about $500 billion at the end of
1952, $100 billion more than at the end of the war and somewhat more than double holdings in the late twenties. While
the growth in the total sum of these liquid assets since the
twenties has not kept pace with consumer income, individual
holdings of " quick" assets have gained relatively. Ownership of cash or near-cash assets (items 1, 2, 3, and 4 above)
amounted to $210 billion at the end of 1952. This is about
4K times the value of such assets owned in the late twenties.
These assets currently are equal to about 90 percent of disposable personal income, which may be compared with about
70 percent just before the war, and approximately 55 percent
in the twenties.
Table 8.—Mortgage Status of Owner-Occupied Nonfarm
Residences, 1890-1952
Total owner
occupied
units
(millions)

1890
1900
1910
1920
1930
1940
1950

.

_

_

_

_

_

_

_ _ _

Percent
Free of
mortgage

Mortgaged

2.9
3.6
5.2
7.0

72.3
68.0
66.7
60.2

27.7
32.0
33.3
39.8

10.2
11.4
19.5

n. a.
54.7
56.4

n. a.
45.3
43.6

n. a. = Not available.
Source: U. S. Department of Commerce, Bureau of the Census.

There is no adequate information available to analzye over
the long term the possible changes which may have occurred
in the distribution of these holdings, and undoubtedly some
oups are not so well off liquidity-wise as in earlier periods,
ata derived from the Federal Reserve Board's Survey of
Consumer Finances indicate that at the end of 1951 (the
latest date for which information is available) spending units
in the lower half of the income bracket owned one-fourth of
the value of deposits and U. S. savings bonds held by all individuals, about the same as in the preceding year and a somewhat higher proportion than in early 1947, a period which
probably still reflected the unusually favorable pattern of
liquidity at the end of the war. There were, moreover, no
striking shifts in relative holdings among the various income
groups, except that there was an apparent tendency over this
period for higher income groups to shift their preference
toward less liquid types of assets.
It may be noted that current liquid asset holdings as coinpared with prewar indicate the largest relative gain was in
those types which are most widely held. This largely reflects
the greatly increased holdings of U. S. sayings bonds during
the war, and the relatively well-maintained ownership of
these securities over the postwar period.

S

by L. Jay Atkinson^-

Population Growth and Markets
I

N the past 2 decades a striking change has occurred in the
rate of population growth, primarily as a result of a sustained
rise in births. A substantial rise in the birth rate during the
war was followed by a further sharp rise after demobilization.
In the succeeding years births have been at or near the high
point attained soon after the war's end. The implications
for business markets of a more rapidly growing population
are pervasive, with the pattern of consumer requirements,
investment plans, and the demands for public services affected
in varying degree.

Total population continues
rapid growth
Labor force and households are now
rising more slowly
MILLIONS
200

TOTAL POPULATION

100

90
80
70
LABOR FORCE

60
50

40

30
0

PROJECTION

I M I t I I I I I I I I I ( | | | | | U|

05

10

15

20

25

30

35

40

45

U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
fe&?ri£?&^

50

55

53~47

In the 8-year period, 1945-52, population growth averaged
1.5 percent per year, double the rate in the thirties. Part of
the unusual postwar rise was associated with the upsurge in
NOTE.-MR. ATKINSON IS A MEMBER OF THE CURRENT BUSINESS
ANALYSIS DIVISION, OFFICE OF BUSINESS ECONOMICS.



Rapid population growth
The midthirties marked a distinct turning point in population growth. For a number of decades preceding 1935, the
birth rate had been declining. During the preceding 2
decades, i. e., 1915-35, the decline was quite a steady one.
The fall in the birth rate was at least as rapid in the prosperous years of the latter half of the twenties as in the
preceding five years, or in the succeeding years of depression.
A decline in immigration also contributed to the slowing
down in population growth. In the first half of the decade
of the twenties net immigration added an average of over
300,000 annually. In the next 5 years the average declined
to little more than 200,000. In the early thirties emigration
exceeded immigration.
In the midthirties the long slackening in the rate of
population growth came to an end and was succeeded by a
general expansion. Through there was some resumption of
net immigration and a continued decline in the death rate,
the major factor was the upturn in births.
The increase in the birth rate was moderate in the latethirties and interrupted only in 1939. During the latter part
of the war period the expansion in the birth rate was again
interrupted when large numbers of troops were stationed
abroad, but births rose sharply following demobilization at
the end of the war.
In the succeeding years the birth rate has remained only
slightly below the immediate postwar peak. In the first few
years after the war an abnormally high marriage rate was the
principal influence leading to an expansion in births. By
1949, however, the marriage rate dropped back to an estimated normal, based upon age distribution of the population,
but there has been little decline in total births.

Declining growth in households

NUMBER OF HOUSEHOLDS

20
1900

marriages folowing the release of men from the armed forces,
but population growth has not slackened in the past several
years. Household formation increased at a more rapid rate
than population as individuals, couples, and other groups
established their own households. Thus, the average number of persons per household declined.

The number of marriages has slackened considerably in
the past few years from the high rate in the early postwar
period. During the war years the marriage rate was appreciably higher than before the war although it tapered off
in the latter part of the war. After the war the number of
marriages jumped to a peak of 2,300,000 in 1946. Following
this, marriages fell steadily through 1949, reaching 1,600,000
hi that year, and then stabilized in the three most recent
years.
The marriage rate is now about the same as in 1939, and
the age distribution for the present decade suggests little
pickup is to be expected before about 1960. The several
factors bringing about the change in the rate of family
formation from the forties to the fifties will be examined in
19

SURVEY OF CURRENT BUSINESS

20

Population Growth in the
United States

April 1953

In the past decade, there has been a
substantial rise in the number of
married people, and a decline
in the single population

Population growth declined in the twenties
and early thirties — has remained high
since the war

MILLIONS OF PERSONS OVER 14 YEARS OF AGE
40

MILLIONS OF PERSONS
3.0

NET CHANGE IN
POPULATION

10 -

-.Slj I I I M M I M M 1 M I I I M I I I M I I I M I

1920

1925

1930

1935

1940

1945

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

1950

1890

53-45

In recent years, the marriage rate has
been about the same as before the
war, but births have remained near
the post-war high
RATE PER 1,000 POPULATION
30

1900

1910

1920

1930

1940

1950

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

53~49

Birth Rates by Order of Birth
First through fourth births have risen*
substantially since prewar
RATE PER 1000 NATIVE WHITE FEMALE
15 TO 44 Y E A R S OF AGE

60
50
40
30
20

20
/THIRD
10

i—

•—•—..A • * • • • *
• • • • • • •x~
•

8

/ *"••'*•

10

FOURTH

6
5

v

FIFTH

4

MARRIAGES

EIGHTH a OVER

J_ 1

1915

1920

1925

1930

1935

1940

1945

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




1950

1930

53-51

L

32

I

1

34

I

I I

36

\
38

-*— SIXTH a SEVENTH
I l l i l I l l l I

40

42

44

46

48

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

I
50

i
52
53-48

April 1953

SURVEY OF CUKEENT BUSINESS

the broader context of changes in the total number of households, since the same basic factors, as well as some additional
influences, have affected the number of households.
Households increased 25 percent during the decade 1940-50,
as compared with a rise of 17 percent in the preceding 10
years. During the war years the increase in households was
somewhat slower than in the prewar period so that the
acceleration in growth was all in the period after the end of
the war. In the five years between 1945 and 1950 the
number of households increased somewhat more than in the
10-year period 1930-40.
Though the war influence caused the actual growth to be
concentrated in the last half of the decade, it was a combination of favorable basic influences in the decade as a whole
which led to a more rapid growth than in the preceding
decade of the thirties, namely:
Somewhat larger classes of females reached the normal
marriage age.
The marriage age declined slightly.
There was a substantial increase in the proportion of the
adult population married.
The high income prevailing throughout the period and the
availability of housing after the war led to "undoubling" of
families and sub-families, and to the maintenance of separate
households by older couples and especially by widows.

The increase in the number of households during the forties
was associated with a reduction from 3.7 to 3.4 in the number
of persons per household despite a sustained rise in the birth
rate. During the same period the proportion of children
under 10 to total population rose from 16 percent to more
than 19 percent, more than offsetting the decline in the number of children over 10.
Now that the special postwar influences have run their
course, family formation in the fifties will be more directly
related to the shifting pattern of the age distribution of the
population. For the first half of the decade the number of
females reaching the average age for first marriage (20 years)
is the lowest for any 5-year period since the twenties, declining 14 percent from the record number in the period 1940-45.
About half of this decline is made up in the latter half of this
decade, when the number in the marriageable-age classes
will average nearly as large as in most other recent periods
except 1940-45. After 1960 such classes will be substantially higher than in any preceding period, rising 30 percent
above the current classes reaching marriageable ages.
Among the other factors affecting the trend in households,
perhaps the most important is the increase in the proportion
of the adult population getting married. Sixty percent of
the females over 14 years of age in 1940 were married, but by
1952 the proportion had risen to 67 percent, with an absolute
decline of nearly 3 million in the number of single females
in the same bracket during this period. (See accompanying
chart.)
Throughout the postwar years to date the proportion of all
females married has continued to rise despite the fact that
there has been no significant decline in the average age at
marriage since the war. The decline in the marriage age of
females since 1940 accounts for about one-third of the increase
in the proportion married over this period. The improvement in economic conditions since 1940 has lowered economic
barriers to marriage, but it may be noted that in past periods
of extended prosperity no similar increase in the proportion
married took place. As shown in the accompanying chart
the rise in the proportion of the population which is married
and the decline in the unmarried appears to be a distinct
break with long-term trends.
Finally, more aged couples, widowed and single people are
now maintaining separate households, partly because of
rising real incomes, and partly because of the rising proportion of aged and widowed in the population.



21

The net effect of the several influences on growth in households has been estimated by the Census Bureau, in its medium
estimate, to bring annual increases between 1953 and 1955
of 700,000 and of 625,000 annually in the 1955-60 period,
although it should be pointed out that the range between
its high and low estimates is substantial. The medium estimates indicate a large drop from the ]l/2 million annual
average in the years following the war, and a substantial
decline from trie latest annual increase of 900,000. The
latter half of the fifties will be somewhat below the decade
of the thirties and substantially below the twenties. However, the rate projected would exceed 1 percent per year,
and remain above the projected rate of gain for total population.
Nevertheless, the growth in households during the decade
of the fifties will be a real "trough" in the sense that it was
preceded by an abnormally rapid growth in the forties and is
expected to be followed by a rapid increase after 1960, as
the wartime babies reach marriageable age.

Age Distribution, United States
Population, 1940 and 1950
More children under ten and adults
over twenty
Fewer young people ten to twenty
MILLIONS OF PERSONS

30
1940 §

11950

20

10

UNDER 10-19 20-29 30-39 4O-49 5O-59 60-69 7O AND
OVER
10
AGE GROUP ( Y E A R S )
U. S. DEPARTMENT

OF COMMERCE. OFFICE OF BUSINESS ECONOMICS

53-5O

j%£i^^

Market influences
The acceleration in population growth and the reversal
in the trend of the birth rate have had an important influence
011 long-range business planning. The}7 are also influencing
the pattern of consumer demand for particular products.
Thus far, the most striking population change1- has been in
the number of small children, and the corresponding increase
in requirements, ranging from toys to specialized baby
services, for meeting the needs of this youngest age group.
As the classes born in the postwar period grow older, f u r t h e r
changes may be expected in the consumer spending pattern.
Family composition also influences housing requirements,
but in this market the more important aspect of population

SURVEY OF CURRENT BUSINESS

22

change appears to be the rate of household formation. The
relation of changes in the number of households to the volume
of residential construction has been analyzed at length in
earlier issues of the SURVEY.
Table 1.—Total Population, Labor Force and Households, United
States
[Thousands!
Total
population!

Year

1900
1910.. - 1920
1930
_

.

Labor
force !

Households

76, 094
92, 407
106 466
123, 188

1950. .
1951
1952
1953
1954
19552.,,

-

. ___

56 030
57 380
60 230
64 410
65 890
65, ] 40
60, 8?0
61,608
62 748
63, 571

34,919 (April)
35 850 (July)
36 450 (Tilly)
36 875 (TuH T )
37,100 (July)
37,500 (Julv).
38,183 (June)
39,138 (April)
40,720 (April)
42,107 (April),

151,677
154 360
156,981

..

50 080

132, 122
133 402
134 860
1 36 739
138, 397
139,928
141,389
144,126
146, 631
149. 188

64, 599
65 832

43,468 (March).
44 564 (ApriP
45,464 (April).

67. 950

47.701 (July).

1916-20

Table 2.—Age and Sex Distribution, U. S. Population, 1950 and 1940
[Thousands]
] 940

AH ages

150, 697

0-4
5-9
10-14.,.
15-19

20-24
25-29
30-34
35-39
40-44
45-49
50-54
55-59
60-64
65-69
70-74
75 and over

——

_.__
-

.

_

74,833

16,163
13, 200
11,119
10, 617

. _

8,236
6,715
5, 660
5,311

11,482
12, 242
11,517
11,246
10, 204
9,070

5, 606
5,972
5, 625
5,518
5.070
4, 526

8,272
7,235
6, 059
5, 003
3,412
3, 855

4, 129
3,630
3,038
2,425
1,629
1,745

Total

Male

Female

131,970 i

66, 197

65, 773

7, 927 i
6. 485
5, 459 \
5, 305 I

10,578 1
10,676 '••
11,699 !
12,329 i

5, 373
5,416
5, 928
6,183

5, 205
5, 260
5. 769
6. 1 46

5, 876
6, 270
5, 892
5, 729
5,134
4, 544

!
i
!
1
!
!
'

5,713
5, 461
5, 086
4, 758
4, 426
4,213

5, 909
5. 661
o, 194
4.817
4, °,V4
4, 059

4,144
3, 605
3, 022
2, 578
1,783
2,111

1

11.622 |
11,122 1
10,280 i
9,575 I
8,811 !
8,272 |
i
7 296 i
5,909 >
4.780 !
3,765 i

3, 769
3, 045
2, 423
1,876
1,273
1,252

3, 527
2, 864
2, 357
1,889
1,308
1,422

75, 864

2,581 ;

2.674 !

Source: U. S. Department of Commerce, Bureau of the Census.




!

10.9

26 3

10.5

22.5

1931-35

.. ...

19.2

9.2

1936-40

. ..

18.9

11.0

1941
1942
1943
1944
1945

In addition to the influence of family size and composition
upon the amount and pattern of consumer expenditures these
population patterns greatly affect requirements for government services. For example, between 1930 and 1940 there
was a slight decline in total school attendance in the United
States, and a drop of 1,500,000 in the number of students in
the ages from 6 to 10. Between 1940 and 1950 school attendance increased, especially in this same age range, where the
rise amounted to 1.8 million students. A further large rise
in school facilities is required during the current period as
the children from the record birth classes beginning in 1947
are now reaching school age.
Finally, the general acceleration in population growth
during the war and postwar years has been accompanied by
substantial shifts in population. The most important of these
is the shift from the heart of the cities to the peripheral areas.
A second movement is that taking place toward the far west
and toward Florida. Though a large part of such develop-

Female

28 0

-----

1926-30

» Population and Labor force include Armed Forces.
Projected for 1955 by the Bureau of the Census.
Source: U. S. Department of Commerce, Bureau of the Census.

1950

Actual birth Marriage rate
rate per
per 1,000
1,000 poppopulation
ulation

.

1921-25..

2

Male

Table 3.—Marriage and Birth Rates, United States

Years

...

Total

merit is merely a redirection of growth, there is some resulting net increase in community facilities investment.
Census Bureau projections—based upon medium to high
fertility—-indicate only a moderate decline in the next several years in the present rapid rate of population growth.
In the case of family formation and households some further
decline is projected and here the specific impact upon the
demand for housing, homefurnishings, and other products
will be conditioned by the trend of income and its interacting
influence upon population growth.

15,964 (June\
20256 (\pril)
24 359 (January)
29 905 (April)

163. 186

1940. ..
1941
1942
1943
1944
1945. . . . . _ _ _
1946
1947
1948
1949

April 1953

20 3
29 2
22 7
21.2
20 4

12.7
13.2
11.8
11.0
12.2

1946
1947
1948
1949
1950

24 1
26. 5
24 8
24. 5
23.9

16.4
13.9
12.4
10.6
11.0

"

1951

24.8

NOTE.—Birth rates corrected for underregistration.
Source: Federal Security Agency.

Table 4.—Marital Status, Civilian Population, 14 Years arid Over
[Thousands]
Civilian
population
14 years
and over i

18901
Male
Female

_. .

1900 i
Male . . . ......
Female
1910 2
Male
Female
1920 3
Male
Female
1930 2
Male
Female
1940 *
Male
Female „ _ . _ _ _ _ _ _ _
1947 2
Male
Female
- - _._
19 48 2
Male
......
Female .._ .
1949 2
Male
..............
Female
1950 *
Male
Female
19512
Male

19522
Male
Female

-

- _ _ _

;

Single

Married

Widowed

Divorced

21, 501
20, 298

9,379
6,928

11,205
11, 126

1
815 i
2. 155 j

49
72

26, 414
25 024

11,090
8. 338

13, 956
13, 814

1,178 j
2,718 I

84
115

33, 362
30, 959

13, 485
9, 842

18.093
17,688

1.471 i
3,176

156
185

37, 954
36, 190

13, 998
10, 624

21, 852
21, 324

1,758
3, 918

235
273

45, 088
44, 013

16, 159
12, 478

26, 3?8
26, 175

2, 0°5
4, 734

489
573

50. 554
50, 549

17, 593
13, 936

30. 192
30, 090

2,144
5. 700

624
823

52, 350
54. 806

14, 760
12, 078

34, 638
35, 212

2, 134
6,376

818
1,140

53, 227
55, 364

11, 734
11.623

35, 411
35, 783

2, 055
6.725

1,027
1, 233

53, 448
56, 001

13, 952
11, 174

36. 474
37, 012

2,181
6,582

842
1, 233

54, 287
56, 635

14,212
11, 126

37, 0°2
37. 451

2,176
6,838

878
1,220

53, 420
57, 354

12, 984
10, 946

37, 354
38, 124

2, 216
7,084

866
1,200

53, 564
58, 034

12, 8^8
11, O.'i8

37, 830
38, 670

2,102
6,972

764
1,324

NOTE.—1952 excludes Armed Forces overseas.
' As of June.
2 As of April,
s As of January,
* As of March.
Source: U. S. Department of Commerce, Bureau of the Census.

/ lew or

STATISTICAL SERIES

Consumer Price Index (U. S. Department of Labor): Revised Data for Page S—5
[1947-49=100]
Year
Annual average:
1913 .
1914
1915 .
1916
1917 .
1918
1919
1920 _ _
1921
1922.__

All items

Apparel

Rent

Food

42.3
42.9
43.4
46.6
54.8
64 3
74.0
85.7
76.4
71.6

.

_._.

..

1923
1924
1925
1926
1927
1928
1929

36.2
36.5
37.3
40.9
49.2
66 6
88.2
105.1
80.9
65.7

39.6
40.5
40.0
45.0
57.9
66 5
74.2
83.6
63.5
59.4

65.8
65.3
64.0
63.0
61.8
60.9
60.3

61.4
60.8
65.8
68.0
65.5
64.8
65.6

Annual average:
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939

76.6
76.6
77.2
78.1
77.4
78 8
85.3
100.2
115. 1
118.5

72.9
73.1
75.0
75.6
74.2
73.3
73.3

.._

All items

Year

121.6
125. 9
126. 4
125.2
123.2
120.3
117.4

Apparel

Rent

Food

71.4
65.0
58.4
55.3
57.2
58 7
59 3
61.4
60 3
59.4

62.4
51.4
42 8
41.6
46 4
49 7
50 1
52 1
48 4
47 1

114.2
108.2
97.1
83.6
78 4
78 2
80 1
83.8
86 5
86.6

59.9
62.9
69 7
74.0
75 2
76.9
83 4

1940
1941
1942
1943
1944
1945
1946

58.9
53.6
47.5
45.9
50 2
50 6
51 0
53.7
53 4
52.5
53 2
55.6
64 9
67.8
72 6
76.3
83 7

47 8
52.2
61 3
68 3
67 4
68 9
79 0

86 9
88.4
90 4
90.3
90 6
90 9
91 4

Housing
All items

Apparel

Food

Month

Total
1947

1948

1949

1950

1951

1947

1948

1949

1950

1951

1947

1948

102.7
102.0
101.4
100.6
100.0
99.5

96.7
96.7
96.8
96.7
96.5
96.5

103.8
105.6
106.2
106.4
106. 6
106. 6

91.0
90.2
93.8
93.1
92.9
94.3

103.8
101.3
100.1
102.9
104.4
106.0

January _.
February
March
April
May
June

91.9
. __ 91.8
93.7
93.7
93.5
_ 94.2

101.3
100.5
100.2
101. 6
102.3
103.1

102.7
101.6
101.9
102.1
101.8
102.0

100.6
100.4
100.7
100.8
101. 3
101.8

108.6
109.9
110.3
110.4
110.9
110.8

93.6
94.9
96.3
96.7
96.7
97.1

100.4
102.0
102.6
102.7
103.2
102.9

July
August
September
October
November
December

95.0
96.1
98.3
98.3
98.9
100.2

104.3
104. 8
04.8
L04.3
L03.5
L03.0

101. 4
101.6
102.1
101. 5
101.6
101.0

102.9
103.7
104.4
105.0
105. 5
106.9

110.9
110.9
111.6
112.1
112.8
113.1

96.5
97.2
98.1
98.8
99.4
99.9

103.0
104.4
105. 1
105.4
105.3
104.8

Average

_

95.5 102.8 101.8 102.8 111.0
. ..
Medical care

January
February-March
April
May_
__
June
July
August
September
October
November
December
Average

1948

1949

1
j

101.8
102.0
102.0
102.4
102.9
102.9

104.2
104.4
104.5
104.4
104.4
104.9

98.1 106.9

Personal care

1950

105.6
106.0
107.0
107.1
107.4
108.0

1951

1947

1948

1949

1950

1951

108.5
108.9
109.9
110.3
110.7
111.0

96.5
96.8
97.3
98.2
97.4
97.1

100.5
100. 5
100.3
101.2
100.6
100. 3

102.4
101.9
101.9
101.6
101.3
101.2

99.4
99.2
99.1
99.1
99.0
99.2

111.0 96.6
111.2 97.0
111.8 97.2
112.6 98.0
113.1 98.7
114.3 100.0

100.7
101.1
102.1
103. 0
102.8
102. 7

101.0
100.7
100.8
100. 5
100.3
100.1

99.5
100.8
101.3
103.3
106.1
107.4

94.9 100.9 104.1 106.0 111.1

1950

101.4
97.0
98.9 96.5
99.8 97.3
100.4 97.7
100.2 98.9
101.1 100. 5

107. 3 99.9
107.2 100. 3
106.5 101.1
104.7 99.3
102.7 99.4
101. 5 97.7

103.1
103.9
104.0
104.3
104.4
107. 1

1951

1947

1948

1949

1950

1951

109.9
111.9
112.0
111.7
112.6
112.3

92.5
92.6
93.0
93.4
93.3
93.3

100.0
100.2
100.5
100.7
100.9
101.2

103.6
103.7
103.6
103.3
102.8
102.7

104.4
104.6
104.6
104.7
104.7
104.9

110.4
111.2
111.7
111.9
112.2
112.3

112.7
112.4
112. 5
113.5
114.6
115.0

94.1
95.3
96.8
97.7
98.4
99.2

101.8
| 102.4
102.9
103.2
I 103.4
| 103.7

102.7
102.6
103. 2
103.5
103. 9
104.2

105. 3
106.1
107. 1
108.1
108.8
009. 4

112.6
112.6
112.9
113.2
113. 7
113.9

Reading and recreation
1947

1

1949

1950

1951

1947

1948 I 1949 1950

109.8
110.6
110.7
110.7
110.8
110.8

94.6 98.7
94.7 98.6
95.4 97.7
95.6 99.5
95.1 99.9
95.2 100.2

103.6
103. 6
104. 1
104.3
103.9
103.9

104. 3
104.6
104.4
104.0
103.8
102.5

105.6
106.4
107.0
107.3
107.3
106. 5

87.8
88.0
88.8
89.5
89.7
89.8

95.8
96.1
96.1
97.3
97.4
97.7

106.1
106.9
107.5
107.9
108.6
108.0

110.6
110.4
110.0
110.0
110.6
111.1

95.2
95.2
95.6
95.7
96. 3
97.4

104.0
104.1
104.8
104.8
103.9
104.3

101.7
101.9
102.7
103. 0
103. 6
104.1

106.6
106. 4
105.8
105.9
106. 3
106.5

90.3
90.8
92.0
92.6
93.4
94.1

102.8
104.8
105. 3
106.0
106.0
106. 0

108.3
109.4
109.4
109.9
109.8
110. 3

100. 7
101.3
100.8
102.1
102. 8
103. 0

95.5 100.4 104.1 103. 4 106.5

1949

1950

91.9 98.8
92.1 99.0
92. 3 99.3
92.4 99.4
92.5 99.9
92.6 100.2

103.3
103.7
103.9
104.2
104. 5
104.8

107.5
107.7
107.8
108.1
108.5
108.7

110.6
111.3
111.9
112.2
112. 5
112.7

93.4
94.4
96.5
97.7
98.0
98.3

105.0
105. 2
105. 7
106. 1
106.6
107.0

109.1
109. 3
109.5
109.6
110.0
110.4

113.1
113. 6
114.2
114.8
115.4
115.6

94.4 100.7 105. 0 108.8

\

Transportation

1948

97.6 101. 3 101.1 101.1 110. 5

1947

95.9 104.1 100. 0 101.2 112. 6 | 95.0 1 101.7 103. 3 106. 1 112.4

|
I

1

92.8 98.6 103.4 105.0
93.1 98.6 103.5 105.0
93.6 98.8 103.8 105.1
94.1 100.3 103.9 105.1
94.4 100.4 103.8 105. 3
94.7 100.5 104.0 105.4
94.9
_ _ 95.2
96.0
96.5
96.8
97.2

99.4

97.1 103.5

Month
1947

98.5 96.4 106.3 95.6
98.0 97.1 106.4 97.3
97.9 99.2 109.3 100.7
97.6 100.9 109.2 99.8
97.4 101.6 108.5 100.3
97.1 102.2 108.1 102. 4

1949

Rent
1948

113.1

100.6
101. 1
101.8
102.1
102. 3
103.0

1951

Other goods and services

1951

1947

1948

1919

1950

110.2
110.0
109.8
109.6
110.1
109.9

114. 7
115.8
116.9
117.2
117.6
117.5

95.3
95.0
95.0
94.8
94.6
95.7

98.8
98.8
98.4
98.8
98.5
98.4

103. 2
103.2
103.0
103.1
103.0
103.2

103. 9
103. 9
103. 9
103. 8
103.9
103.7

108.4
108.7
108.9
109.0
109.2
109. 1

111.2
112.4
112.7
112.6
112.9
114. 1

117.8
118.7
119.7
120. 5
122.1
122.2

96.4
96.6
96.9
97.5
97.5
97.9

99.2
102. 4
102. 8
103. 2
103.2
103.2

103. 1
103. 6
104.0
104.0
103. 9
104. 0

104. 1
106. 3
106.8
107.1
107.4
107.9

109.1
109. 1
109.6
109.6
112.4
112.8

98.1 100.5 103.4 105. 2

109.7

90.6 100.9 108.5 111.3 118.4

1951

i Compiled by the 17. S. Department of Labor, Bureau of Labor Statistics. The revision in the 1index through 1952 reflects a shift in base period and changes in classifications; beginning
J
1953, data represent the completely revised or "new index," incorporating revised —--•- i - i - expanded• sample of items, and' revised' sample of cities. - monthly .data for 1952 and thereafter,
•
, , , . .
•porating revir' weights,
For
see page S-5 of the March 1953 SURVEY and subsequent issues.




23

SURVEY OF CURRENT BUSINESS

24

April 1953

Recent Dividend Developments

(Continued from page 6)
ments not publicly reported, excludes intercorporate divithe depression years 1930 through 1935 dividend distribudends, and is adjusted for the net inflow from abroad.
tions exceeded after-tax profits by $19 billion. Dividend
Dividend payments to persons formed about 3K percent
disbursements w^ere bolstered by the effect of the undisof total personal income in both 1951 and 1952. This tributed profits tax in 1936 and 1937, and exceeded profits
relationship compares favorably with that for any war or
after taxes in the recession year 1938. It was not until
postwar year except 1950, when the spurt in corporate dis- 1939, therefore, that corporations again both paid dividends
tributions temporarily raised the proportion to 4 percent.
and accumulated retained earnings on a substantial scale.
Experience since 1929, however, indicates a long-run deDuring the period 1939-52, dividend disbursements averaged
cline in dividends as a share of personal income. The divi45 percent of after-tax profits. The average for the postwar
dend component amounted to about 7 percent of personal
years alone was 43 percent.
income in 1929 and 1930, dropped to an average relationship
Extreme fluctuations have thus characterized dividend
of about 5 percent during the 1932-41 period (excluding
payments and corporate income retention, particularly in
1936 and 1937 when the undistributed profits tax was in
response to the business cycle. It is to be further noted
effect). It fell still further as a result of the imposition of
that the proportions of profits distributed and retained are
significantly affected by the definition of profits adopted.
heavier corporate income tax rates at the beginning of the
war and the withholding of a greater proportion of earnings
If profits are measured inclusive of the inventory valuation
by corporations to finance large-scale postwar capital
adjustment in order to convert the cost of goods sold from
expansion programs.
a historical to a current replacement cost basis dividend
disbursements in the postwar period comprised an average
Dividends and profits
of 49 percent of profits after taxes. For the 1922-29 period,
on the other hand, the proportion of after-tax profits disAs may be seen from table 4, the proportions of after-tax
tributed in dividends is about the same under both definiprofits distributed and retained have varied widely over the
tions. A similar adjustment of profits to reflect depreciation
past three decades. During the prosperous 8-year period
culminating in 1929, corporations paid out a little less than charges at current, instead of "book," costs would further
narrow the spread between the dividend distribution pertwo-thirds of profits after taxes. Over this period as a
whole corporations retained about $17 billion, whereas in
centages for the twenties and the postwar period.

Business
Statistics

Still

1951 Edition

available
Statistical Ref erence •foi
(Current tl5uAine5A
urrenl
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 1935. 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 1950 and annual averages of monthly
data from 1935 through 7950, if is a basic handbook for businessmen and economists—particularly useful for
those now engaged in defense work.
$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.



BUSINESS STATISTICS

Wlontki

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 (t), 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.
Statistics originating in Government agencies are not copyrighted arid may be reprinted freely.
vided through the courtesy of the compilers, and are subject to their copyrights.

Data from private sources are pro-

1953

1952

Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

F

aryU~

March

April

May

June

July

September

August

November

October

December

January

*ȣȥ

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT t
Seasonally adjusted quarterly totals at annual rates:
National income, total
bil. of dol
Compensation of employees, total
do
Wages and salaries, total
do
Private
_-.
- - - do
Military
do
Government civilian
do
Supplements to wages and salaries. . do
Proprietors' and rental income, total c? - do
Business and professional cf
do
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
Gross national product, total
do
Personal consumption expendit ures,total_do.
1 hirable goods
do
Nondurable goods
_
do
^er vices
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
National security 9
do
State and local
do

285. 6
186.9
177.8
145.6
10.2
21.9
9.2
51.9
27.6
14.8
9.5

287.7
190 3
181. 0
148.3

» 300. 2
197 9
188.2
155.3

9.3
52 5
27 5
15 2
98

96
53. 6
28.2
15 5
10.0

42.7
42.7
24.3
18.4
— .1
6.7

39.9
38.2
21.8
16.4
1.7
6.9

37 8
37.2
21.2
16.0
.6
7.1

p 41 5
* 40. 3
* 23 0
f> 17.3
1.2
7.2

339. 7
213.2
25.2
118.0
70.0
50.0
23.7
25.7
.6
2.2

342. 6
214. 9
26.4
117. 8
70.8
49 3
23.6
25.7
.I
.4

343.0
215 0
24.2
118.9
71 9
51 7
23.0
25 0
3.7
—1.6

360.1
222. 0
27.3
121.4
73.3
57 3
23.7
25.6
8.1

74.4
51.2
46.4
23.2

78.0
54 9
50. 3
23 0

77 Q

80.6
56.6
50.4
24.0

288.0
186.5
177.4
145.8
10.0
21.7
9.0
52.1
27.3
15 4
9.4

!
!

Personal income, total
do
Less: Personal tax and nontax payrnents.-.do
Equals* Disposable personal income
do
Personal savin g§
do

.

i

54 8
49 6
23 1
!

264 4
33 6
230.8 1
15. 9

263 0
33 5 !
229.5
16.3

9

;
i

9fi8 q

277 0
34.6
242.5
20. 5

34.1
234.8
19.8

PERSONAL INCOME, BY SOURCE!
Seasonally adjusted, at annual rates:
Total personal income
bil of dol
Wage and salary disbursements, total
do
Commodity-producing industries
do
Distributive industries
do
Service industries.-. . .
do_
Government
..
- do
Wage and salarv receipts, total
do
Other labor income
.__ . _ . . d o _ _ _
Proprietors' and rental income
do
Personal interest income and dividends. .do
Transfer pavnwnt^
do
Less personal contributions for social insurance O
bil. of dol..
Total nonagricultural income

do

263 5
178.0
78.2
47.1
20.9
31.8
174.5
4.3
52. 1
20.5
12.4

261.9
177.3
77.7
47.0
20.8
31.8
173. 9
4.3
50.7
21.0
12.4

262.5
176.7
76.9
47.0
21.0
31.8
173.4
4.4
51.2
21.5
12.3

264. 5
177.9
76.7
47.7
21.3
32.2
174.6
4.4
51.7
21.5
12.6

266. 7
179.3
77.2
48.5
21.3
32. 3
175.8
4.5
52.8
21.4
12.5

263.9
177.4
74.0
49.3
21.5
32.6
173.9
4.5
52.2
21.3
12.4

269. 6
182.5
78.7
49.4
21.5
32.9
179.0
4.5
51.8
21.4
13.1

273.8
185.3
81.6
49.3
21.6
32.8
181.9
4.5
53.4
21.4
12.9

276.1
187.5
82.9
49.9
21.8
32.9
184.0
4.6
53.5
21.3
13.0

275.8
187.9
83.5
49.6
21.9
32.9
184.4
4.6
52.9
21.3
12.8

280.0
189.9
85.4
50.0
21.9
32.8
186.4
4.7
54.6
21.2
13.4

3.8

3.8

3.6

3. 6

3.8

39

3.7

3.7

3.8

3.7

3.8

243.4

242.7

242.9

244.9

245. 9

243.4

249.4

253, 0

255. 4

255. 7

258. S

' 280. 6
190.3
'85.2
'50.1
22.1
'32.9
' 186. 5
4.7
'54.6
'21.4
13.6
4.0
' 259. 5

280.4
190. 9
85.6
50.3
22.1
32.9
187.4
4.7
53.7
21.5
13.4
3.8

260.5

NEW PLANT AJND EQUIPMENT
EXPENDITURES?
r
1
' 6. 141
' 6. 808
All industries, quarterlv total
. mil. ofdol..
' 6, 244
7 265
6, 541
r
T 3 3(}7
'3.156 !
i '2.650
Manufacturing
. do
2 820
i 3, 028
r
r
1
228
Mining
do
217
'206
••229
208
r
r
r 357
Railroads
do.
386
' 360
289
1335
r 335
r 356
Transportation other than rail
do
r 302
"372
1304
r
r
T
928
Public utilities
do
i r ' 821
947
1 142
i 1, 030
r
:
1
T 1 835
} . 738 j
r 1 680
Commercial and other.. - . .. ... .. do.
__ .. .
1, 737
1, 636
r
l
Revised.
* Preliminary.
Estimates for January-lV arch 1953 1">ased on anticipated capital expenditures of business,
t Revised seru-s. Quarterly estimates of national income arid product arid quarterly and monthly estimates of personal income have been revised beginning 1949; see pp. 29-31 o f the July
1952 SURVEY for the data.
c? Includes inventory valuation a<ljustment.
9 Government sales are riot deducted.
§ Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national prod uct above,
OData through 1951 represent employee contributions only; thereafter, personal contributions of self-employed
persons are also included.
{Revised beginning 1939. Revisi ons for 193 0 and 1945-50 appear on pp. 20 and 21 of the August 1952 SURVEY; those for 1951, on~p. 9 of this issue.




SUEVEY OF CURRENT BUSINESS

S-2

April 1953
1953

1952

Unless otherwise stated, statistics through
19£0 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

February

March

April

May

June

July

August

Septem-

October

November

December

January

February

GENERAL BUSINESS INDICATORS—Continued
FARM INCOME AND MARKETINGS*
Cash receipts from farming, including Government
payments, total
mil. of dol
Farm 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.Crons
do
Livestock and products
do
Indexes of volume of farm marketings, unadjusted:
All commodities
1935-39= 100. .
Crops
- do
Livestock and products
do

638
1,372
330
809
227

2,122
2,079
628
1,451
369
817
254

2,100
2,053
571
1,482
389
812
262

2,176
2,142
573
1,569
433
825
272

2,381
2,361
851
1,510
427
769
271

2,711
2,697
1,235
1,462
410
759
269

2 882
2,874
1 377
1,497
394
812
278

3,620
3,609
1 926
1,683
370
984
316

4,123
4,098
2,303
1,795
365
1,088
330

3,546
3,528
1,877
1,651
346
911
384

3,072
3, 056
1,537
1, 519
338
826
349

303
226
361

314
222
382

310
202
390

323
202
413

356
301
398

407
436
385

434
487
394

544
681
443

618
814
472

532
663
435

461
544
400

'410
'470
365

283
238
317

115
82
140

119
76
151

116
64
155

123
68
164

139
108
162

154
165
145

161
182
145

196
237
164

220
274
179

190
217
170

180
197
168

'164
'183
149

115
93
131

218

217

215

211

205

194

218

232

233

235

233

'232

*235

229

228

224

224

215

203

228

242

245

246

246

246

J'249

281
261
148
176
133
360
217
204
249

283
2C3
149
175
135
359
218
204
252

277
245
152
170
143
354
218
203
257

278
246
145
168
133
353
216
199
260

249
140
155
169
148
352
210
195
246

232
139
150
165
143
331
201
184
241

269
244
160
175
152
336
213
197
251

292
270
167
183
159
354
225
216
248

301
281
' 164
189
151
363
'237
231
251

305
283
••160
191
143
'371
'241
236
251

311
'286
151
'196
128
385
'246
'241
259

'313
'287
'151
'189
132
'392
'249
'242
'266

P319
»291
P156
*192
*138
P399
"253
^242
P279

do
do
do
do
do
do

208
196
168
232
322
219

212
200
167
239
327
222

216
226
168
242
329
227

224
241
167
260
338
231

225
237
169
266
339
229

216
236
160
255
287
162

231
261
169
272
300
175

232
263
167
267
353
247

235
267
173
262
371
265

••226
252
'167
245
'376
'272

215
231
'166
210
'3C3
'284

'210
209
'157
227
'394
'286

*209

do ._
do
do
do
do
do
do ..
do
do
do
do

186
152
300
562
109
96
118
149
97
175
84

184
155
298
503
108
86
122
148
116
165
82

180
155
295
559
102
84
114
149
152
152
89

180
158
291
558
105
90
115
154
197
147
96

187
176
296
563
102
90
111
165
217
147
124

181
186
295
565
90
77
98
174
215
137
179

195
159
299
568
116
95
129
185
214
138
234

201
159
305
567
111
95
123
192
173
154
279

200
173
309
578
112
104
118
178
133
169
190

199
163
313
595
114
107
120
165
106
190
'114

193
142
314
'598
107
99
112
160
107
208
'100

'191
134
311
'597
116
103
126
'153
'98
199
'92

do
do
.. do _ .
do
do
do
do
do
do
do
. do _
do

194
190
281
188
212
175
243
160
150
295
122
167

192
188
278
204
210
180
242
152
141
288
112
164

186
181
201
166
205
180
235
144
130
280
-. 108
174

182
175
209
165
157
174
242
151
135
287
117
178

182
177
251
72
216
175
246
154
133
312
112
197

159
153
259
67
225
145
225
147
111
343
103
179

188
180
280
169
231
157
242
170
143
369
123
193

191
181
282
177
234
166
252
177
145
377
137
198

203
192
279
179
225
180
260
172
142
361
134
197

205
194
290
182
233
183
'264
176
149
356
137
184

195
'185
'291
186
229
172
'273
169

P206

337
'138
159

'200
191
'291
188
'230
'168
'268
'169
140
' 350
130
178

do _ _ _
do
do
do
do
-do_ ._

162
174
77
135
199
91

158
170
68
122
199
90

165
171
74
119
201
130

143
140
73
107
159
159

149
161
74
102
193
74

144
155
57
91
190
81

161
161
61
102
194
164

180
180
88
144
203
178

166
167
95
93
203
164

170
177
87
135
202
131

163
176
71
125
207
84

' 159
172
60
116
'204
'83

P158
^170
60
109
»205
p86

do

222

221

216

211

204

193

215

228

230

234

235

'236

"239

- do

232

231

225

224

214

202

225

237

242

245

247

'249

*253

284
162
154
217
249
224
257
177
239

285
158
149
218
252
222
244
175
239

277
152
143
218
257
220
238
173
242

277
142
128
216
259
217
230
168
243

247
146
134
210
247
222
222
170
269

230
141
128 1
201
242
214
215
158
266

267
149
135
213
251
221
231
163
261

290
155
140
225
248
222
227
161
261

300
155
138
••237
251
224
231
163
254

'304
161
146
240
251
221
233
'162
242

'313
'165
149
'246
258
222
254
'161
225

'316
'171
'162
'249
'266
224
257
' 169
232

*322
P172
M61
* 253
P279
P 225

2, 043
2,010

' 2, 742
'2,717
' 1, 331
' 1, 316
337
780
259

1,889
1,872
669
1,203
311
654
231

INDUSTRIAL PRODUCTION
Federal Reserve Index
Unadjusted, combined index

1935-39=100-.

Manufactures..

do..

Durable manufactures
do
Iron and steel
do
Lumber and products
. __ _ - do
Furniture
do
Lumber
do__ Machinery
do _ .
Nonferrous metals and products
do
Fabricating
- .. do _
Smelting and refining
do —
Stone clay, and glass products
Cement
Clay products
- - Glass containers
Transportation equipment
Automobiles (incl. parts) Nondurable manufactures
Alcoholic beverages
Chemical products
Industrical chemicals
_
Leather and products
Leather tanning
Shoes
-Manufactured food products
Dairy products
M^eat packing
Processed fruits and vegetables
Paper and products
_
Paper and pulp
Petroleum and coal products
Coke
Gasoline
Printing and publishing
Pubber products
Textiles and products
Cotton consumption
Rayon deliveries
Wool textiles
Tobacco products
Minerals
Fuels
Anthracite
Bituminous coal
Crude petroleum
Metals
_
-

--

\djusted combined index cf
Manufactures
Durable manufactures
_
Lumber and products.
Lumber
Non ferrous metals
Smelting and refining
Stone clay, and glass products __
Cement
Clay products
Glass containers

do
_. do _ _
do
do
do
_. do. _.
do
do
do

141

*162
p 406
p 301
* 193

*»309
»5<JO

P151
109
164
t-Q2

*288
^229
fl76
P171
149
339
184

»171

191
195
179
194
188
183
181
186
'194
'195
197
190
"198
Nondurable manufactures
. do_
162
152
162
151
166
155
170
157
150
180
158
171
\lcoholic beverages
do
302
302
292
292
298
299
304
309
294
308
310
*>306
Chemical products
do
116
112
102
105
103
91
112
108
113
107
116
107
Leather and products
do
92
81
97
97
103
84
90
103
102
86
90
100
Leather tanning
do
164
101
162 '
160
165
163
166
165
166
168
' 163
165
*I68
Manufactured food products
do
148
'151
145 l
146
152
142
148
151
146
147
148
147
138
Dairy products
do
158
147
169
165
146
148
176
172
182
179
170
169
17J
Meatpacking
-do
123
138
'124
150
147
143
'128
' 142
» 146
161
147
146
133
Processed fruits and vegetables
do
r
Revised.
» Preliminary.
^Revisions for January 1950-July 1951 based on final data will be shown later. Revisions for 1910-49, incorporating changes in methods of estimation and adjustments in production, disposition, and prices, are shown on p. 23 of the December 1951 SURVEY.
cf Seasonal factors for a number of industries were fixed at 100 during 1939-42; data for these industries are shown only in the unadjusted series.




SURVEY OF CURRENT BUSINESS

April 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

S-3
1953

1952

February

March

April

May

June

July

August

ber

October

November

December

January

February

GENERAL BUSINESS INDICATORS—Continued
INDU STRIA L PRODUCTION— Continued
Federal Reserve Index— Continued
Adjusted^ 1 — Continued
Manu f actu res— C ontinued
ISi endurable manufactures— Continued
Paper and products.
1935-39=100..
Paper and pulp
do
Printing and publishing
do
Tobacco products
... do.,
Minerals
Metals

... do.do

193
189
177
175

192
188
177
174

185
181
175
184

182
175
170
178

181
176
176
189

160
154
157
172

188
180
165
186

192
181
165
187

203
192
176
190

2^5
194
175
181

••196
185
168
172

••200

P206

'173
179

pl78
194

167
128

164
125

166
141

140
143

147
65

142
65

156
131

175
149

164
145

171
138

168
117

'164
r
119

P163
P122

' 46, 288 ' 48, 344 r 46, 229
' 48, 023 ' 47, 383
r
23, G63
24, 753
23, 430
24 292
24 276
11, 510
11,908
11, 676
11,913 '12,195
12, 154
12, 785
11, 754
12, 363
' 12, 097
9,055
9. 389
8, 773
' 8, 951
'9 337
2,793
2,931
2 777
2 737
2 962
6,262
6, 458
6, C36
'6 375 ' 6, 174
' 13, 570 ' 14, 202 r 14, 026
' T14, 140
f 14 410
' 4, 505 ' 4, 844 r 4 769
r 4 871
5 000
r
r
9, 065
' 9, 358 ' 9, 257 r 9 ,539
9, 140

49, 025
25 288
12, 942
12, 345
9,156
2 929
6 227
14, 581
5 329
9,251

BUSINESS SALES AND INVENTORIES^
Business sales (adjusted), total
...mil. of dol_. ' 45, 881 ' 43, 444 ' 45, 763 ' 45, 545
23, 506
22, 085
23, 538
23, 247
Manufacturing, total
.
do
11, 352
10, 632
11, 310
11, 328
Durable-goods industries
do
12, 154
11,453
12, 228
Nondurable-goods industries
. _ do
11.918
8,954
8,326
8, 862
8,448
Wholesale trade, total
_
do
2,773
2 578
2,787
2, 669
Durable-goods establishments
do
6,181
5,748
6, 075
5,779
Nondrrable-goods establishments
do
Retail trade, total
do. . 1 r 13, 421 ' 13, 033 ' r13, 363 ' 13, 850
i ' 4, 608 ' 4, 312
4, 494
' 4 927
Durable-goods stores
do
r
1 ' 8, 813
' 8, 721 r 8, 869
8, 923
Nondurable-goods stores
do

r
' 44, 395 •• 44, 474
43, 628
21,888
21, 858
21, 898
10,060
9,777
10, 437
11,460
11,828
12, 081
8,949
8,371
8,493
2,817
2,495
2,698
6,132
5, 795
5,876
' 14, 014 ' 13, 667 * 13, 359
r
' 4, 883
4,494
4, 199
T
' 9, 173
' 9. 131
9, 160

Business inventories, book value, end of month
(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

73, 829
43, 168
23, 313
19, 855
10, 036
5,011
5, 025
20, 625
9,789
10, 836

73, 620
43, 237
23, 401
19, 836
10, 062
5, 055
5,007
20,321
9,583
10, 738

73, 876
43, 402
23, 596
19, 805
9,997
5, 054
4,943
20, 477
9,624
10, 853

73, 074
43, 144
23, 595
19, 550
9. 861
4, 955
4, 906
20,069
9, 1 1 2
10, 957

72, 913
42, 892
23, 348
19, 544
9. 896
4, 858
5,038
20,125
9,030
11,095

72, 765
42, 748
22, 962
19, 786
9,890
4, 864
5,026
20, 127
S, 749
1 1, 378

72, 714
43, 107
23, 200
19,908
9,862
4. 934
4.928
19, 745
8, 626
11,119

73, 437
43, 224
23. 292
19, 932
9.932
4, 964
4, 968
20, 281
8, 956
11, 325

74 189
43, 415
23,615
19, 800
10, 122
4 986
5, 136
20, 652
9. 175
11, 477

74 682
43, 596
23, 835
19, 761
10, 191
5 084
5,107
20, 895
9,384
11, 511

MANUFACTURERS' SALES, INVENTORIES,
AND ORDER Sf
Sales:
Value (unadjusted), total
mil. ofdol
Durable-goods industries
do .
Nondurable-goods industries. _
,do

22, 416
10, 694
11, 723

23, 205
11, 270
11, 934

22, 950
11, 237
11, 713

22, 478
11,056
11, 422

21, 640
10, 284
11,356

20, 051
8,844
11,207

22, 605
10, 579
12,026

24, 700
11,905
12, 795

26, 488
12, 787
13, 701

23 408
11,510
11,898

24 315
12 172
12, 142

23 888
11 747
12, 141

24 106
12 206
11, 899

Value (adjusted), total
do
Durable-goods industries, total do
Primary metals
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

23, 506
11,352
2,018
1,205
1,103
2,136
1,645
733
306
678
549
280
701

22, 085
10, 632
1,973
1,126
1,059
1,970
1,599
677
313
576
484
257
597

23, 538
11,310
1,994
1,256
1,036
2,079
1,736
746
318
687
472
303
684

23, 247
11, 328
1,934
1,197
1,069
2,033
1,812
817
336
642
509
297
684

21, 888
10, 060
991
1,085
1, 154
1,964
1,815
736
350
597
483
265
619

21, 858
9,777
1, 113
1,184
1,106
1,942
1,167
790
377
621
497
302
678

21 898
10, 437
1 930
1, 053
1,168
1,833
1,309
811
389
600
522
261
563

23, 663
11,510
2.107
1, 156
1,256
1, 966
1,831
749
419
629
545
245
607

24, 753
11,968
2 198
1,263
1,205
2, 068
1,842
812
410
678
553
277
663

23 430
11 676
2 100
1 177
1,238
2,060
1,826
923
362
596
518
255
623

?4 ^ 76
11 913
9 048
1 287
1, 259
2, 053
1 9/0
819
362
727
497
310
629

24 292
12 195
T 2 082
' 1 397
' 1, 256
' 2, 138
r
2 068
'817
'305
'721
' 509
'312
'590

25 288
12 942
2 135
1 393
1, 538
2,232
2 124
862
314
724
568
322
729

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
do

12.154
3,382
475
312
1,148
1,045
270
694
733
1,606
2,047
442

11, 453
3,126
530
292
1,093
958
231
651
702
1,515
1,949
406

12, 228
3,280
564
318
1,244
1,130
261
633
760
1,573
2,028
437

11,918
3,312
568
311
1,148
1,121
274
630
720
1,566
1,846
424

11,828
3,171
638
310
1,116
1,124
290
625
684
1,495
1,945
430

12, 081
3,267
609
325
1,162
1,171
267
650
704
1,560
1, 956
408

11, 460
3,012
573
310
1,058
965
282
667
667
1,473
2,003
452

12, 154
3,246
534
324
1,137
1,068
275
699
678
1,602
2,109
482

12, 785
3,452
513
327
1,188
1,281
265
734
720
1,660
2,181
464

11, 754
3 191
457
309
1,084
1 143
234
663
678
1 532
2, 059
r 403

12,363
3 293
545
344
1 151
1 260
288
682
691
1 558

43, 594
23, 379
20, 215

43, 732
23, 647
20, 084

43, 614
23, 813
19, 801

43, 407
23, 924
19,483

42, 972
23, 518
19, 454

42, 660
23, 050
19, 610

42 707
23, 116
19, 591

42, 660
23, 147
19, 513

42 920
23, 385
19, 536

43 243
23 553
19 690

43 829
24 045
19 784

' 44 037
r 24 253
T 19 784

44 282
24 493
19? 790

16, 675
11, 641
15, 278

16, 539
11, 8C8
15, 385

16, 303
11,900
15, 411

16, 156
11,919
15, 332

15, 871
11,782
15, 320

15, 737
11,813
15, 110

15, 699
12, 041
14 967

15, 836
12, 132
14, 692

16, 058
12 272
14 590

16, 236
12 2C8
14 739

16,414
12 516
14 898

' 16, 106
r 12 735
r 15' 195

16,090
12 926
15 266

43,168
23, 313
2,893
2,409
3,042
5,428
2,683
2,082
561
1,064
866
757
1,528

43, 237
23. 401
2,882
2,438
3,074
5,465
2,670
2,124
549
1,058
903
735
1,504

43, 402
23. 596
2,886
2,445
3,119
5,539
2,669
2,170
560
1,041
922
748
1,498

43, 144
23, 595
2 909
2,432
3,133
5, 525 |
2,674 |
2,177 i
566
1,040
926
748
1,466 I

42, 892
23. 348
2 945
2,344
3,107
5,461
2,562
2,202
556
1,030
937
762
1,444

42, 748
22, 962
2 928
2,235
3,062
5 314
2,517
2,248
555
1,005 1
922
757
1,420

43 107
23 200
2 971
2,309
3,037
5 280
2 641
2,291
532
1,010
904
770
1, 456

43, 224
23 292
3 031
2,318
3,031
5 274
2, 636
2,343
534
1,006
892
764
1,462

43 415
23 615
3 084
2,362
3,039
5 275
2 735
2,472
533
1,019
874
778
1, 445

43 596
23 835
3' 165
2,401
3,032
5 287
2' 853
2,455
543
1 054
852
785
1,408

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

.
_

_

do
do.. ..
do
do
do
do

Book value (adjusted), total
do
Durable-goods industries, total
do
Primary metals
do
Fabricated metal products
do
Electrical 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

r 74 757
43* 824
24 292
19, 532

T

74 619
' 43 766
' 24 392
' 19, 374
T
r J O 129
10 039
5 084
5 079
' 5, 050 r ' 4, 955
20 814
r 20 804
r
9 539
9 352
r \\ 452
' 11,275

' 12, 097
r 3 211
' 478
' 306
r
1 108
r 1 046

' 299
r 735
' 725
' 1 667

r 2 114

r 2 014

438

507

r 43 760
43 824
4 292
r 24' 392
r 3 156
3 122
' 2, 439
2,424
' 3, 120
3,096
r 5 396
5 411
r 3 017
3 009
' 2, 566
2, 576
r 518
' 525
\ 066 ' 1 072
'872
'850
'809
'808
' 1, 420
1, 412

9

74 969
43 865
24 434
19, 430
10 098
5 219
4,879
21 006
9 952
11,054

12, 345
3 344
467
335
1 117
958
309
723
712
1 751
2 122

43 865
24 434
3 093
2,417
3, 129
5 434
3 041
2,562
542
1 096
885
809
1, 426

' Revised.
* Preliminary.
» Revisions for January 1952 (mil. dol.): Total, 13,170; durable goods, 4,364; nondurable goods, 8,806.
c^See note marked "d1" on p. S-2.
§ The term "business" here includes only manufacturing and trade. Business inventories as shown on p. S-l cover data for all types of producers, both farm and nonfarm. Unadjusted
data for manufacturing are shown on this page; those for retail and wholesale trade, on pp. S-8, S-9, and S-10.
^ T Revised series. All components of business sales, inventories, and orders have been revised ^ince publication of the 1951 STATISTICAL SUPPLEMENT. The latest revision (affecting data
J1
~ ''
'
. , . . , - .
the
_________ September 1952 SURVEY,




SURVEY OF CURRENT BUSINESS

S-4
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

April 1953

1952
February

irch

April

i

May

Juno

19,>3

July

August

September

October

November

December

February

January

GENERAL BUSINESS INDICATORS—Continued
|
i
I

MANUFACTURERS' SALES, INVENTORIES,
AND ORDERSf— Continued
Inventories, end of month — Continued
Book value (adjusted)— Continued
Nondurable-goods industries, totaL.rnil. of dol_.
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
do
New orders net (adjusted) totalQ
do
Durable-goods, industries, total
_ __do
Primary metals
do
Fabricated metal products
do_ __
Electrical machinery and equipment
do
Machinery, except electrical
do_
Transportation equipment, including motor
vehicles and parts
mil. of dol
Other industries, including ordnance _ -_do
Nondurable-^oods industries total
do
Industries with unfilled orders 9 .
do_ _ _
Industries without unfilled orders'!
do
Unfilled orders (unadjusted) totalQ
do
Durable-goods industries, total
do
Primary metals
do
Fabricated metal products
__do
Electrical machinery and equipment
do
Machinery except electrical
do_ _,
Transportation equipment, including motor
vehicles and parts
mil. of dol__
Other industries, including ordnance
do
Nondurable-goods industries, total?
do

19, 836
3,556
1,317
1,685
2, 772
1, 650
587
1,032
772
2, 998
2,602
865

19, 805
3,522
1, 313
1,693
2,779
1,590
582
1,059
778
2,986
2, 628
877

' 23, 620 r 23, 404
11,519 ' 12, 171
1,749
1,947
984
1,058
1, 955
1,550
1,984
1,708

»• 24, 251
r
12,443
2, 258
1. 262
1,289
1,934

19, 855
3,549
1,287
1,694
2,874
1,694
581
1,027
779
2, 966
2, 556
848
r

19, 544
3.473
1,296
1,693
2, 734
1, 537
558
1, 028
741
3,011
2, 607
864

19, 550
3,486
1,321
1,704
2,735
1,543
575
1, 039
751
2, 973
2, 544
878
r 22, 748
10, 956
1, 883
1, 275
1,156
1,713

r

>• 25, 042
13, 138
1,271
1,278
1, 355
1,908

r

19,908 !
3,489 i
1,259
1,720
2,798
1, 770
543
972
722
3,022
2,728
884

19, 786
3,485
1,289
1,724
2,764
1,685
554
1,007
715
2,995
2,683
884
' 23, 434
11, 140
1,374
1 252
1, 174
1.916

r

r

21, 852
9, 998
1,789
1,142
1,066
1, 515

r

19, 932
3,443
1, 268
1,726
2,833
1,725
541
973
734
3, 022
2,788
877
r
r

19, 800
3, 488
1,222
1, 726
2,841
1, 609
549
960
744
3, 010
2,777
874

19, 761
3, 450
1,202
1,742
2, 743
1,618
545
974
775
3,009
2, 805
897

24, 516
12,328
2,194
1,375
1,311
1,883

24, 152
11, 452
2,211
1.289
1,324
1,926

23, 061
11, 441
1 , 855
1, 169
1,184
1,999

19, 532
3, 332
1, 164
1, 77S
2,654
1, 665
548
1,001
758
2, 96K
2,727
936
r
r

* 19. 374 ;. 19, 430
' 3. 321 :
3. 421
r
1. 153
1,164
<• 1,773 1 1.737
T
2, 606 *
2, 633
r
1.689 ::
1,696
r
549
518
* 990 i
1, 000
r
757 |
760
' 2,915
2,890
"2,716 1
2,697
915

24. 466
12, Oil
1 , 834
1, 203
1, 366
1,965

r
24, 270
'r12,080
2, 027
r
1,408
r
1, 579
r
1,784

'2,616
2,364
12, 101
2,792
9,310

r

3, 660
2,116
11,234
2,457
8,777

r

3, 129
2,517
11, 808
2,477
9,330

' 2, 474
2, 456
11,792
2, 645
9,146

r

4, 734
2,592
11,904
2,791
9,113

"2,815
2, 609
12,295
2, 996
9,298

' 2, 368
2, 118
11,854
3, 067
8,787

r

3, 301
2, 265
12,187
2, 823
9,364

' 2, 252
2. 451
12, 700
2,822
9, 878

2, 789
2, 445
11,620
2, 525
r
9, 095

2,991
2, 651
12, 456
2, 904
9. 552

67, 088
63, 797
7,983
5, 819
9,227
12, 171

68, 992
65, 887
7,800
5,781
10, 596
11, 941

69, 978
67, 114
8,042
5,997
10, 735
11,719

69, 230
66, 309
7,838
5,974
10, 754
11,303

72, 541
69, 340
8,104
6, 088
1 1, 302 1
11,097

74, 985
71, 705
8. 561
6. 196
11,497
11, 279

75, 220
71, 882
8, 597
6. 226
11,419
.11,115

75, 662
72, 305
8, 465
6, 383
11,512
10, 942

74, 478
71, 256
8, 406
6,335
11.501
10, 651

73, 163
70, 049
8,125
0, 209
11, 241
10, 438

72, 520
69, 605
7,930
5,994
11,338
10, 226

r
T

22, 414
6,132
3,292

23,644
6,125
3,105

24, 394
6,228
2,864

24, 344
6,097
2, 922

26, 478
6, 271
3, 201

27. 563
6, 609
3,280

27, 912
6, 613
3,338

28, 587
6,417
3, 357

28, 249
6, 112
3,223

28, 081
5, 954
3,114

28, 380
5. 737
2,915

r

24 990
12,619
2 332
1,319
1 552
1,821

r
r

r

2, 946
2, 335 ,
12, 190
r
2, 960
r
9 230 i

3 071
2, 524
12 371
2. 888
9 484

73 300
70. 230
7 874
6, 305
11, 592
10. 102

73 080
09, 898
7 983
6. 261
11,409
9 853

r
r

r
r

28, 536
'5,820
r
3, 136

;

28 463
5.930
3, 183

BUSINESS POPULATION
OPERATING BUSINESSES AND BUSINESS
TURN-OVER
4, 035. 9
390. 6
305.1
863. 2
1, 663. 9
210.0
603. 2

Service industries

do
do

Nfew businesses quarterly total
Contract construction
Manufacturing
Service industries
Retail trade
Wholesale trade

do
do
do
do
do
do

Contract construction

do

q \ , T - inrh-ictrips
Retail trade

do
do

\.\\ other

do

110.6
22.2
10.8
18.6
39.6
4.6
14 8

90 2
16.2
8.6
15.3
33 1
3.9
13 2

100.8
13.9
12.1
17.6
41.6
3.7
11.9

do

Wholesale trade
\11 other

* 4 049. 6
403. 0
299 7
866. 2
v 658 5
210.9
61] 3

122.8
24.2
12.9
21.2
41.6
5.3
17 6

thous
do

4.050.0
399. 4
303. 1
865. 8
1,663.3
210.6
607.7

96 6
13.4
12.8
16 0
40.3
39
10.2

v 90. 7
v 12.6
v 12.0
P 15 0
?37. 8
p3. 7
*>9.6

130. 2

Operating businesses end of quarter total
Contract construction

101.0

101.2

BUSINESS INCORPORATION Srf1
New incorporations (48 States)

7,138

7,902

8,284

7,915

7,819

7,549

7,088

7, 529

8,223

6,741

8,274

9,468

7,947

number_do
do_ _ _
do
do
._- - do

619
52
70
133
304
60

715
55
72
148
371
69

780
58
93
171
375
83

638
60
75
111
333
59

671
52
78
128
340
73

580
41
48
133
299
59

594
51
58
109
316
60

539
36
50
107
288
58

631
52
88
146
291
54

590
61
62
121
280
66

583
43
76
131
288
45

647
39
78
130
334
66

691
49
86
132
348
76

thous of dol
_ . _ do_. _
do
do
do
do_

19, 474
1,649
1, 935
5, 614
6, 548
3,728

29, 232
4,563
2,485
13, 046
6,905
2,233

29, 530
1,744
3,853
12, 633
7,050
4,250

21, 193
1,219
2,646
10, 217
5,264
1,847

21, 222
1,971
2,990
6,971
7,024
2,266

22, 789
1,466
3,196
8,882
5,434
3,811

16, 322
1,809
1,816
5,056
5, 255
2,386

20, 138
947
2,729
6,780
5,317
4,365

35,049
2,175
5,167
13, 079
6,078
8, 550

18, 757
3,027
1,588
5, 853
5,865
2,424

23, 400
953
5,068
8 458
7,046
1,875

23,309
868
2,735
9,107
8,009
2,590

27, 273
1,180
3,378
8, 452
9,139
5,124

_

number. -

INDUSTRIAL AND COMMERCIAL
FAILUREScf
Failures, total _
Comrnercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
Liabilities total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade

-

r
Revised.
* Preliminary.
fRevised series. See corresponding note on p. S-3.
OAdjusted data for new orders replace the unadjusted series formerly shown; for data beginning 1948, including those for unadjusted unfilled orders, see pp. 17 and 18 of the November
1952 SURVEY.
9 Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable-goods industries are zero.
5For these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders.
§Revisions for 1944—1st quarter 1951 appear in corresponding note in June 1952 SURVEY.
cfData are from Dun & Bradstreet, Inc.




SURVEY OF CURRENT BUSINESS

April mr>3
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

S-5

1952
February

March

April

May

June

1953

July

August

September

October

November

December

January | *$?'

COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Crops
Food grains
Feed grains and hav
Tobacco
Cotton
_
Fruit
Truck crops
1
Oil -bearing crops
_
Livestock and products
Meat animals
Dairv products
Poultry and eggs

do
__do_, .
- --.do
do _ _
_ _ _ _ _ _ _ do._ .
do
- - do._ _
_. . _
do ...
do
_
do__ _
do
_
do. .
-

289
259
249
230
436
313
168
217
296
317
377
317
181

288
265
251
229
435
309
176
265
284
310
372
305
177

290
272
250
229
435
313
179
308
279
306
372
291
180

293
270
245
227
436
303
190
285
280
313
394
281
175

292
277
238
226
437
319
220
250
289
306
380
277
181

295
276
230
227
436
311
214
287
307
312
376
286
208

295
272
236
233
436
319
206
229
310
316
372
295
225

288
264
240
234
428
329
200
182
305
309
349
307
227

282
260
240
219
429
311
215
189
304
301
328
316
228

277
257
248
213
412
288
195
238
300
295
310
318
238

269
257
247
218
428
268
206
256
300
280
291
309
221

267
251
245
214
419
252
208
237
291
281
303
296
218

263
247
240
206
424
255
209
237
287
277
305
286
206

Prices paid :
All commodities
_ .
1910-14=100-.
Commodities used in living
do .
Commodities used in production
do
All commodities, interest, taxes, and wa?e rates
1910-14=100..

276
271
281

275
-271
280

276
271
280

276
271
281

273
272
273

273
273
273

274
273
274

271
271
272

269
269
269

268
269
266

267
269
264

267
268
265

264
266
261

288

288

289

289

286

286

287

285

282

281

280

282

280

Paritv ratio 9

do.. „

100

100

100

101

102

103

103

101

100

99

96

95

94

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

208.9

208.7

209.7

210.3

210.6

211.8

211.8

211.1

210.7

210.4

209.6

209.0

207.8

Consumer price index (U. 8. Department of
Labor) :t
All items (revised series)
1947-49 =100_.
Apparel
do__ _
Food
. do
Dairv products
do
Fruit and vegetables
_.'
do
Meats poultry, and
fish
do
Housing
do
Gas and electricity
do
Houscfurnishings
_ .- do. __
Rent
do

112. 4
106. 8
112.6
112.7
109. 5
116. 7
114. 0
103. 8
110.0
116.4

112. 4
106.4
112.7
112.0
113.7
115.2
114.0
103.8
109.4
116.7

112.9
106. 0
113. 9
110. 4
121.1
114.8
114.0
103. 9
108. 7
116.9

113.0
105.8
114.3
109. 3
124.3
114.5
114.0
104.1
108. 3
117.4

113.4
105.6
114.6
108 9
122.4
116. 5
114. 0
104.3
107. 7
1 17. 6

114.1
105. 3
116. 3
110. 2
124. 0
116.4
114.4
104.2
107.6
117.9

114.3
105. 1
116.6
111.0
118. 7
119.4
114.6
105. 0
107.6
118.2

114. 1
105. 8
115. 4
112. 5
111.5
119.2
114.8
1C5.0
108. 1
118.3

114.2
105. 6
115. 0
113.2
111.3
116.9
115. 2
105. 0
107. 9
118.8

114. 3
105.2
115.0
113.3
115.9
114.3
115.7
105. 4
108. 0
119. 5

114.1
105. 1
113.8
112.7
115.8
113. 0
116. 4
105. 6
108.2
120.7

113.9
104. 6
113.1
111.6
116. 7
110.9
116.4
105.9
107.7
121.1

114.8
111.1
106. 6
123. 7
114,4

115. 7
111.0
106. 3
124.4
114.8

115.9
111.3
106.2
124.8
115.2

116.1
111.6
106. 2
125.1
115. 8

117.8
111.7
106. 8
126.3
115.7

118.0
111.9
107.0
126.8
116. 0

118.1
112.1
107.0
127.0
115.9

118.8
112.1
107.3
127.7
115.9

118.9
112.3
107.6
128.4
115. 8

118.9
112.4
107. 4
128. 9
115. 8

119. 3
112.5
1 08. 0
128.9
115. 9

119.4
112.4
107.8
129. 3
115.9

119.3
112.5
107. 5
129. 1
115.8

- RETAIL PRICES

Medical care
Personal care
Readinef and recreation
Transportation
Other goods and services

_ _
-

do
do
do
do
do_

1

113. 4
104. 6
111. 5
110. 7
115.9
107.7
1 16. 6
106. 1
108.0
121.5

WHOLESALE PRICESd*
U. S. Department of Labor indexes (revised) :f
All commodities
1947-49=100

112.6

112.3

111.8

111.6

111.2

111.8

112.2

111.8

111.1

110.7

109.6

109. 9

109. 6

Farm products
do
Fruits and vegetables, fresh and dried-_-do
Grains
_
do
Livestock and live poultry
_ __do

107.8
112.6
101.7
106.2

108.2
123.9
102.0
105.2

108.7
127.3
100.9
106.6

107. 9
128.9
98.8
108.9

107.2
124.2
95.4
107. 2

110.2
128.2
94.9
108.2

109.9
124.3
96.9
106.4

106.6
115.6
96.9
99.3

104.9
111.7
95.0
94.8

103.6
113.2
96.5
93.0

99.2
112.3
96.1
86.8

'99.6
107.3
94.6
92.7

97. 9
101. 6
93. 1
91.2

Foods processed
do
Cereal nnd bakery products
do
Dairy products and ice cream
do
Fruits and vegetables, canned and frozen
1947-49=100..
Meats poultry and
fish
do

109.5
107.4
115.1

109.2
107.5
113.3

108.0
107.4
112.2

108.6
107.0
110.6

108.5
106. 7
110.1

110.0
106.5
113.8

110.5
106.4
114.3

110.3
106. 5
116.4

108.5
106.4
115.9

107.7
107.1
115. 5

104.3
106. 8
113.0

105.5
106.8
111.9

105. 1
107. 0
110.9

104. 8
110.8

104.9
111.0

104.6
109.4

104.2
112.1

103. 5
110.1

103.9
110.6

105.1
112.3

105.9
109.4

105.9
104.1

106.0
102.0

105.0
93.9

105.4
99.3

105. 3
98.2

114. 2
105.9
117.5
93.4
51.2
109.6
108. 7

113.8
105.4
117.0
93.1
47.3
109.6
107.9

113.3
104.8
116.8
92.7
42.6
109.8
108.0

113.0
104. 3
115.1
92.2
47.2
111.5
107.3

112.6
104.3
114.9
92.2
52.0
109. 9
107.0

112.5
104.2
114.7
92.1
49.8
110.7
106. 9

113. 0
104.0
114.6
92.1
47.5
110.9
106.9

113.2
104.0
114.3
92.1
48.9
111.0
107.0

113.0
103.9
113.9
92.0
51.0
111.0
106.5

112.8
103. 5
112.7
91.9
53.1
111.1
106.3

112.9
103. 3
112.3
91.3
52.8
113.0
106.1

'113.1
103.6
112.8
91.5
r
53. 5
112.9
106.2

1.13. 1
103.6
113. 1
91.4
52.7
112.7
105. 9

r

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._
Fuel, power, and lighting materials- . . do....
Coal
_-.
do...
Electricity
_ _ _ _ _
.. _. d o .
Gas
do
Petroleum and products
do
Furniture and other household durables
1947-49 = 100 __
Appliances, household
do
Radios
do... ]
Television
- __
do
Furniture, household
do

107. 2
108.8
98.0
107.0
110.4

107.4
108.7
99.1
105.7
110.6

106. 3
104.9
99.1
106.6
109. 5

106.0
104.9
98. 0
104. 2
109.9

105.9
105.3
98.5
102.0
109. 6

106.0
106.0
99.1
101.4
109.4

105. 8
106.5
100.7
100.4
108. 3

106. 2
107.6
101.3
100.3
108.5

106.6
113. 3
98.5
100.4
108. 5

106. 7
113. 6
98.0
104. 9
108. 1

107. 2
116.1
98.5
104.9
107.9

107.9

107.7
115.9
99. 6
108.0
107. ft

112.4
108.0
93. 1
113.5

111.9
107.4
90.7
113.4

112. 1
107.8
90.7
113.4

111.7
107.3
90.7
113.1

111.6
106.8
93. 8
112.7

111.6
106. 8
93. 8
112.6

111.5
106.8
93.7
112.5

112.0
107.3
93.7
112.6

112.0
107.2
93.7
112.6

112.1
107.2
93.8 /
I
112.8

112.3
107.5
95. 0
74.9
113.0

112.7
' 107. 4
95.0
"74.5
r
113. 2

112.8
107.4
95.0
74.7
113. 1

Hides, skins, and leather products
do
Footwear
_
__
_
do
Hides arid skins
do
Leather
_
_
__ __
..do

99.5
116.1
63.7
89.5

98.0
115. 9
69.6
87.6

94.1
113.9
49.7
84.4

94.7
111.1
58.1
84.5

95.9
111.0
59.5
88.9

96.2
110.6
61.8
89.3

96.5
110.6
64.4
89.3

96.5
110. 6
64.4
89.3

96.6
110.6
65.0
89.9

97.6
111.0
69.2
90.1

99.0
112.0
70.6
92.9

97.3
112.0
62.1
^92.0

98.0
112.1
66. 5
91.9

Lumber and wood products
Lumber

120.3
120.6

120.5
120.7

120.9
121.3

120.7
121. 1

119.9
120.1

120.2
120.4

120.5
120.6

120.4
120.6

120.2
120.2

119. 7
120.0

119.7
119.8

' 120. 5
' 120. 1

121.1
120. 3

. do
do

107. 8
116.3
99.6

r

* mo

122.0
121.8
Machinery and motive products
do
121.6
121.6
121.3
121.4
121.4
121.3
121.4
121.5
121.4
121.5
121.6
121.8
Agricultural machinery and equip
do
121. 8
121.5
121.6
121.5
121.5
121.5
121.5
121.5
121.6
121.7
' 121.8
121.8
125.2
124.9
Construction machinery and equip . do
124.9
125.3
125. 4
125.4
125. 3
125.8
125.8
126.2
126.3
126.2
126. 3
121. 5
Electrical machinery and equipment- -do
121.6
120.9
120.8
120.0
119.9
119.8
119.0
119.5
119.7
119. 6
119.6
119.7
120.0
Motor vehicles
do
120.0
119.7
r 1 1Q «
119.7
119.7
119.7
119.7
11Q 7
119 7
11Q 7
11Q Q
no 7
J
•"Revised.
Index on base previously used (1935-39 100) is 189.6.
§March 1953 indexes: All farm products, 264; crops, 253; food grains, 246; feed grains and hay, 208: tobacco, 424; cotton, 266; fruit, 215; truck crops, 248; oii-bearing crops 291- livestock
rm
and products, 274; meat animals,, 301; dairy products, 277; poultry and eggs, 216.
9 Ratio of prices received to prices paid (including interest, taxes, and wage rates).
cTFor actual wholesale prices of individual commodities, see respective commodities.
fRevised series. Consumer price indexes through 1952 reflect shift in base period and changes in classifications; data beginning 1953 represent the completely revised or .
"
"
. . "new index", in1953
f the April 1953 SURVEY. Revised wholesale price indexes reflect
method; for monthly data (1947-51), see pp. 22-24 of the March 1952
n
* f the June 1952 issue.




SUEVEY OF CUERENT BUSINESS

S-6
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

April 1953
1953

1952

1
March j April

February

May

June

July

August

September

October

November

Decem- January
ber

February

COMMODITY PRICES—Continued
WHOLESALE PRICES^— Continued
U. S. Department of Labor indexes (re vised) :J— Con.
Commodities other than farm prod., etc. — Con.
Metals and metal products
1947-49=100.,
Heating equipment
_ do_ ..
Iron and steel
do
Nonferrous metals
do
Nonmetallic minerals, structural
_ do
Clay products
do
Concrete products
do, ,
Gypsum products.
._
do

122.6
114.0
123.2
125. 0
112.9
121.4
112.4
117.7

122. 6
114.0
123.2
124.9
112.9
121.4
112.4
117.7

122.5
113.9
123.0
124.8
112.8
121.3
112.4
117. 7

121.8
113.7
122. 8
122.0
112.9
121.4
112.4
117,7

121.1
113.5
122.4
120.0
113.8
121.4
112.4
117.7

121.9
113.6
122.3
124.0
113.8
121,3
112.4
117.7

124.1
113.7
127.2
124.4
113. 8
121.3
112.4
117.7

124.6
113.7
127.5
124.7
113.8
121.3
112.7
117.7

124.1
113.7
127. 3
122.9
114.4
124.0
112.7
117.7

123.9
113.6
127.0
122.5
114.5
124.0
112.7
117.7

124.0
113.6
127.0
122.3
114.6
124.0
112.7
117.7

124.0
113. 8
127.1
122.5
M14.6
124.0
112.8
117.7

124.5
113.9
127.3
124.4
114.6
124.0
112.8
117. 7

r

Pulp, paper, and allied products .
Paper
Rubber and products
Tires and tubes
Textile products and apparel
Apparel
_
Cotton products
Silk products
Synthetic textiles
..
..
Wool products

.do
do
do . _
do
do. _
- do
do
do
do
do

118.3
123.7
143.1
133.4
102. 1
101.7
101.0
130.2
89.9
114.4

117.7
123. 8
142. 0
133. 4
100.6
101.6
99.6
129.1
87.3
111.8

117.4
123. 5
140.6
133. 0
99.9
101.2
98.6
128.4
86.7
109.2

116.9
123. 5
140.4
133. 0
99.3
100.8
97.2
128.8
86.8
111.7

116.7
124. 2
133.4
130. 5
99.0
100.3
95.4
129.8
88.6

112.8

115.3
123.8
130.0
129.6
98.9
99.5
96.1
134.7
89.2
113.9

115.6
124.0
127.8
126.3
99.1
99.1
97.6
139.3
90.5
113.3

115.6
124. 0
126.3
126.3
99.5
99.3
98.9
139.3
89.9
112.4

115.5
124.9
126.0
126.3
99.2
98.4
99.2
140.0
89.5
113. 2

115.5
124.9
126.4
126.3
98.6
98.3
98.4
139.3
89.0
112.6

115.9
124.9
127.7
126.3
98.2
98.3
97.7
139.7
87.8
112.6

115.8
124.9
127.3
126.3
'98.8
T
100. 0
97.0
141.4
88.1
r
113. 0

115.8
124.9
126.2
126. 3
98.5
99.9
96.2
141.4
88.3
111.6

Tobacco mfrs. and bottled beverages
Beverages, alcoholic
Cigarettes

do
do, _
do

110.8
111.2
105. 0

110.8
111.2
105. 0

110.8

110.8
110.8
111.2 ' 111.2
105. o
105.0 ;

110.8
111.2
105. 7

110.8
111.2
105.7

110.8
111.2
105. 7

110. 8
111.2
105.7

110.8
111.2
105.7

110.8
111.2
105.7

r

112.2
110.7
*• 112.0

112.2
110.7
112.0

89.0
87.4
85.7

89.3
87.5
86.6

89.9
87.5
86.9

90.2
87.4
86.9

91.1
87.5
87.8

90.9
87.7
88.3

191.1
i 88. 1
189.6

in. 2
105.0

;

[

PURCHASING POWER OF THE DOLLAR
As measured byWholesale pricest
C on su mer pr i ces f
Retail food prices f

.,1947-49=100-.
do
do

88.9
88.9
88.6

88.8
88.9
88.7

89.3
88.5
87.7

89.5 88. 4
87. \

89.8
88.1
87.2

89.3
87.5 I
85.9

CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY 9
New construction, total

.mil. of dol.

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....
Public, total. „
Residential
Nonresidential building
_._
Military and naval
Highway
Conservation and development
Other types

do.
do.
do.
....do.
do.
do.
do.

2,088 i

2,332 !

2,516 |

1,463
676
600
63

1,617 |
799 ;
710 i

1.690 :
849 I
750 '

77 :

406 !
209 I
75
113
263

202
74
123
292

625
58
275
85
90
56
61

715
55
311
100
115
65
69

1

I

3,027 |
1,811
922
810 '
99

386
194
73
136
313

392 ]
188 t
82 j
157 |
333 I

826
5-1
343
109
175
68
77

932 i
54
356
116
250
72

3,011

2,787

2,513

' 2,320

2,030
1,049
935
96

1,988
1,048
935
95

1,924
1,033
925
90

1,789
953
865
70

' 1, 628
'817
735
64

418
181
98
183
381

430
187
101
168
376

434
189
104
139
360

435
190
109
117
331

421
187
107
103
304

1,033
53
375
121
320
76

1,020
54
375
119
310
76

3,098

2,037
1,047
930

411
180
97
180
371

404
182
92
171
359

3,095

1,994 I
1,023
905
101

1,925
983
865
103

1,058
55
373
129
335
75
91

1,023
52
352
125
330
77
87

863
49
332
117
215
70
80

724
47
314
107
120
62
74

1,068
53 !
369 f
127
350
79
90

••425
'195
109
103
275

r

692
46
309
105
105
56
71

CONTRACT AWARDS
Construction contracts awarded in 37 States (F. W.
Dodge Corp.):
Total projects._
_._.
numberTotal valuation
___thous. of dol.
Public ownership
do
Private ownership
__.do_..
Nonresidential buildings:
Projects
Floor area
Valuation...
Residential buildings:
Projects
___Floor
Valuation
Public works:
Projects
Valuation
._
Utilities:
Projects..
Valuation
_._

63,709
35, 475
45,041
50,097
£0,845 1 52,078
41,569 | 34,661
52, 909
47,006 ! 50, 542
33,767
885, 206 1,321,254 1.597,517 1, 563, 660 1,488,850 11,511, 285 1, 438, 725 2,039,203 ! 1,310,958 1,248,803 11,467,384 1, 075, 868
636, 357
449, 779
554,050
557,803
490,650
477,693
559,140
618,737
501, 258 1,269,355 I 410, 433
338, 662
767, 204 961,160 1.005,857
758,153
989, 691 626, 089
929, 710 ! 892, 548 937, 467
546, 544
779,848
890, 525

numberthous. of sq. ft.
thous. of dol.

3, 472
24, 941
301, 404

4, 311
33, 345
463, 276

4,449
39, 343
562, 256

5,
37, 346
462, 863

5,022
41, 725
551,500

5,468
40, 979
562,686

5,196
38, 912
519,940

4, 289
29, 257
1,272,367

5,161
38, 822
470, 520

4,382
39, 788
461,476

3,589
51, 596
713,100

3,651
32,343
406,914

numberthous. of sq.ft.
_..thous. of dol.

29,069
45, 380
396, 438

38, 860
65, 422
592,717

43,447 | 55,759
73,847
82, 579
681,614
753,755

43,012
62,176
581,792

43, 465
64,003
608,078

44,943
65,863
627, 596

40, 440
56, 743
518,471

43, 312
65, 489
602, 313

35,487
55,872
528, 429

29,808
48, 996
438, 580

30, 674
51,315
460,036

number__thous. of dol_

930
124,885

1,429
193,714

1,814
241,740

2,353
219,628

2,266
245,969

2,680
243, 458

2,310
208, 887

1,838
176, 652

1,665
152, 455

1,336
195,265

911
134,114

835
152, 793

numberthous. of doL

296
62, 479

441
71, 547

387
111,907

509
127,414

545
109,589 ;

465
97,063

460
82, 302

71,713

404
85, 670

364
63,633

353
181, 590

815
56,125

Value of contract awards (F. R. indexes) :f
Total, unadjusted
..._ 1947-49=100.
Residential, unadjusted
do
Total, adjusted
do....
Residential, adjusted
___
...do

136
145
156
163

218
192
207
193

209
192
207
191

201
181
210
185

177
172
196
178

166
156
205
183

' 156
r
144
' ICO
r
173

Engineering construction:
Contract awards (ENR)§,,

166
183
164 i
174 !

196
222
171
189

203
221
168
186

i
I
I
i

194 j
199
177 j
196

200
213
172
193

I
....thous. of dol.-I 788,429 i 1,042,851 j 1,180, 340 11, 433, 642 1,140,654 2,310,504 2, 210, 572

r

952, 218 1,446,381 1, 079, 879

906, 976 1, 886, 520

Highway concrete pavement contract awards:©
i
4,874
24,67.5
2,571
6,702
6,587
7,047 i
5,537
5,258
6,081
5,411
5,386
3,723
Total
...-thous. ofsq. yd..!
1,226
446
390
729
1,691
1,512
1,070
791
843 !
238
427
879
Airports
do
1
2,622
2 2, 775
1,193
1,051
2,652
1,486
3,401 i
2,657
3,128
2,901
988
Roads
_
do
i
2 1,454
1,026
2,359
3,201
2,795
2,259
2, 783 I
2,803 i
1,695 I
2,248
1,856
Streets and alleys
_
do
i
r
2 Data include some contracts
Revised.
* Indexes on base formerly used (1935-39=100) are as follows: Measured by—wholesale prices, 47.7; consumer prices, 52.7; retail food, 44.4.
awarded in prior months but not reported.
cf For actual wholesale prices of individual commodities, see respective commodities.
JSee note marked "t" on p. S-5.
fRevised series. Purchasing-power data are based on revised price indexes shown on p. S-5. Indexes of contract awards reflect use of new base period. Revisions prior to 1952 for
purchasing power and prior to 1951 for contract awards will be shown later.
9 Revisions for 1947-50 appear on p. 20 of the March 1953 SURVEY. Revisions for January-March 1951 (except for grand total, total public, and military and naval, which have been
urther revised and will be shown later) appear at bottom of p. S-4 of the June 1952 SURVEY.
§Data for May, July, and October 1952 and January 1953 are for 5 weeks; other months, 4 weeks.
©Data for May, July,October, and December 1952 are for 5 weeks; other months, 4 weeks.




SURVEY OF CURRENT BUSINESS

April 1953

S-7
1953

1952

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

Septem-

August

ber

October

Novem-

ber

Decem-

ber

January

Febru-

ary

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. .
Privatelv 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 :f
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-..— _ d o - - _ -

77, 700

103, 900

106, 200

109, 600

103, 500

102, 600

99, 100

100, 800

101.100

86, 100

' 71, 500

71, 000

i 77, 000

45, 722
43, 2:9
35, 003
3, 019
5,187
2,513

58, 016
49, 924
40, 2:2
3,471
6,251
8,092

64, 921
56, 295
45, 968
3,562
6,765
8,626

61, 478
53, 414
43, 670
3,548
6,196
8,064

55, 134
48, 9:9
41, 107
3, 080
4,722
6,225

52, 178
5'\ 636
41, 842
2,938
5,856
1,542

59, 182
48, 764
39, 097
3,298
6,369
1,418

54, 393
52, 889
42, 761
3,588
6, 540
1,504

54, 409
52, 785
42, 655
3,055
7,075
1,624

41, 952
38, 2^6
30, 789
2,499
4,927
3,746

37, 508
33, 902
26, 356
2,585
4,961
3,606

37, 717
34, 756
26, 783
2,347
5, 626
2,961

43, 310
39, 480
31. 005
2,799
5, 676
3,821

" 101. 2
••110.4
' 126. 6
'89.1
'98.3

130.1
140.7
1C6. 1
110.3
115.1

142.5
152.3
183.8
115.6
118.6

129.5
147.0
171.2
113.5
133.2

121.8
157.0
161.7
152.7
149.4

116.0
145.6
150.9
139.9
138.7

108.2
133.8
139.4
128.6
124.6

117.1
143.0
155.2
127.8
132.9

119.9
147.8
161. 2
132.9
131.9

88.9
114.3
117.9
114.6
100.0

83.1
108.9
106.6
119. 6
92.8

r
85.0
' 106. 6
r
107. 4
' 108. 5
'99.6

93.4
117.2
121.8
114.4
106.4

118.3

118.6
374

119.5

119.7

120.8
383

121.8

122.4

122.7
383

122.6

122.5

122. 5
383

122.8

122.6

543
581
550
497
535
378

544
582
551
498
537
378

545
582
552
499
541
379

548
584
554
504
543
381

550
588
554
504
544
382

555
600
554
513
549
391

558
602
555
513
549
393

561
604
556
514
551
394

562
604
557
621
551
397

564
604
572
521
551
398

567
604
573
522
558
399

568
611
574
522
560
398

567
611
574
523
559
398

236.7
237.4
247.8

237.2
237.7
248.0

238.3
238.5
248.9

239.4
239.2
249.5

242.1
241 3
251.9

243.5
242 9
252.7

245.3
244 5
253. 8

246.0
245 2
254.4

246.4
245 5
254. 2

246.4
245 3
253.4

246.3
245 1
253 3

246.6
245 6
254.1

246.5
245 3
253 9

239.0
237.9
243.7
251.5
222.4

239.7
238.3
244.0
251.5
222.7

241.0
239.3
245.1
252.1
223. 3

242.2
240.7
245.8
252.8
226. 1

245.3
243 4
247.8
255.8
22G. 4

246. 8
245.7
248.8
250 4
229.5

248.6
247 5
249.8
257 0
231.2

249.4
248 5
250.5
257 3
232 2

249.8
248 2
250 5
256 8
232 4

249.7
248 0
250.0
255 8
232.3

249 8
248 '5
249 9
255 5
232 3

251
248
250
256
232

251
248
250
256
232

248.3
246.2

248.5
246.2

249.4
246.9

250.0
247.4

252.5
249.8

253. 3
250.4

254.2
251 1

254.8
251 5

254 6
251 2

253.8
250 3

253 7
250 1

254 4
250 9

254 3
250 8

120.5
12]. 5

120. C>
122.3

121.3
123.0

122.0
124.0

122. 6
126. 0

124.9
128.9

125.6
129.5

125.6
129 9

126.0
129 9

125.7
129.7

125 7
129 6

125 8
129 6

125 7
129 7

CONSTRUCTION COST INDEXES
Department of Commerce composite t- 1947-49 =100-Aberthaw (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 :§
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 :td"
Building
1947-49=100-Construction
.
do
Bu. of Public Roads— Highway construction:
Composite standard mile
...1925-29 =100--

169.1

171.8

174.9

0
9
6
6
6

1
9
4
4
5

176 0

CONSTRUCTION MATERIALS
Production of selected construction materials, index:t
Unadjusted
. 1939=100
Adjusted
do

IPS. 7
103.1

149.4
158.1

156.2
157.1

156.9
148.3

149.2
139.4

149.7
140.7

173.6
153 4

177 6
165 2

184 6
166 6

155 5
156 9

148 4
167 9

v 144 g
P 1G9 6

REAL ESTATE
Home mortgages insured or guaranteed by—
Fed. Hous. Adm.: Face amount 9
r
126, 546 ' 129, 352 ' 139, 008 r 143, 154 r 164, 982 ' 162, 167 ' 184, 356 ' 211, 042 r 183, 801 r 206, 739 ' 211, 027
thous. of doL «• 128, 419
242, 103
235, 651
244, 042
202, 758
Vet. Adm.' Face amount
do
195, 987
217 292
189 189
202 746
220 008
243 087
226 936
243 300
Federal Home Loan Banks, outstanding advances
612
589
591
581
to member institutions .. . ..mil. ofdol
653
656
687
752
791
715
864
683
New mortgage loans of all savings and loan associa427, 835
514, 098
549, 140
586, 035
586, 842
tions, estimated total
thous. of dol. ._
595, 994
617, 431
616,352
658, 787
522, 681
541, 295
497, 314
By purpose of loan:
131, 487
182, 636
171, 907
Home construction _
. do
197, 525
191,812
190 039
199 720
192 667
207 589
163 074
161 405
147 444
999 909
185, 920
213, 723
251, 884
238, 587
Home purchase
do
257 069
264 692
279 192
?85 337
303 107
243 112
248 448
43, 397
49, 104
Refinancing
_
do _
49, 446
50, 076
49, 595
53 014
42 379
50 850
50 457
54 597
49 739
49 Oil
15, 567
24. 452
18, 959
21, 797
Repairs and reconditioning
do
24 238
25 065
1 8 408
24 625
25 997
26 097
20 143
19 730
51, 464
60, 405
56, 674
Al 1 other purposes .
do .
62, 098
64, 128
63, 184
63 044
61 794
67? 497
53 968
61 973
60 219
New nonfarm mortgages recorded ($20,000 and
under), estimated total
thous. of dol__ 1, 270, 908 1, 393, 317 1, 482, 161 1, 511, 488 1, 512, 734 1, 590, 319 1, 597, 783 1, 587, 523 1, 727. 343 1,492,390 1, 553, 457 1, 400, 615
11.6
11.7
12.1
11.3
Nonfarm foreclosures, adjusted index 1935-39=100.
11.1
11 7
12 4
11.1
10.6
11.6
11.8
fil fi7^
69 925
72 254
62 354
67 380
58 585
74, 127
76, 659

189, 690

947 ^9Q

627

523, 210
1 fi4. 1 77
co P.QA

co 700

72, 706

DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, adjusted:
Combined index.
1935-39=100
Business papers
__.
_ . _ d o _ .Magazines
__
. .
do
Newspapers...
do
Outdoor.
do
Radio..
do
Tide advertising index, unadjusted!-- 1947-49=100-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
r

447
487
369
304
401
254
127.7

438
511
371
300
362
248
141.3

439
514
404
294
362
247
153.2

433
515
388
310
354
236
154. 1

436
520
362
329
372
241
140.8

445
554
403
327
359
226
114.2

456
548
369
310
383
254
111.2

456
547
387
318
344
264
141.9

475
529
420
340
378
268
165.4

473
570
408
330
371
256
157.6

488
539
394
090
070
265
127.3

119.6

134.4

13, 561
276
3,691
204
353
3,792
447
1,482
1 590
1,726

14, 520
329
3 949
204
348
3,862
493
1,558
1 632
2,145

13, 948
319
3 847
171
356
3,802
431
1 624
1 596
1.801

13, 970
370
3 885
'l53
365
3,734
424
1 698
1 546
l! 795

12, 972
345
3 612
251
343
3,233
452
1 660
1 416
1.659

11, 254
196
2 658
1 004
'338
2,604
381
1 079
700
2.296

10, 974
256
3 003
'349
367
2,971
434
1 257
776

12, 890
323
3 254
'337
331
3,319
455
1 623
1 042

15, 442
396

14, 478
640

14, 925

13, 878

12, 660

3,510
446

1.55Q

2 9,06

9 Q20

3, 846
329
203
3,177
409
1, 118
1, 291

A

907

C99

474

3,683

3,424
^fifi
1 4.09
1 977
9 7/U

°i7fi

1 704
i 909

369

OK7

90 c

3,789

1

COQ

9 QA1

Revised.

JRevisions
 for January-November 1951 will be shown later.


r co

9 707

464

qno

AKK
OQA

9 Revised to include additional data; figures prior to February 1952 are available upon request.

o noo

i onn

SURVEY 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

1952

February

March

April

June

May

July

19 53

August

September

October

November

December

January February

DOMESTIC TRADE—Continued
ADVERTISING—Continued

Magazine advertising:!
Cost, total
thous. of dol~ ' 44, 628
3,105
Apparel and accessories
do _.
2,833
Automotive, incl. accessories.
do
1, 914
Building materials
do
6,098
Drugs arid toiletries
do
7, 210
Foods, soft drinks, confectionery
do
2,289
Beer, wine, liquors
do

60, 247
5,420
5,095
3,054
7, 065
7, 854
2, 851

59, 648
5,029
4,999 j
3.683 !
6,469 i
7,150
2,477

60,016
4,735
5,237
3,296
6,166
6, 742
2,619

51, 515
3,119
4,925
2,842 1
7,051
7,660
2.331

35, 240
862
3, 702
1,388
5, 816
5, 695
1,977

38, 442
3,588
3,671
1. 549
5, 456
5, 472
1,672

56, 978
6 469
1 366 i
3 127
6 653 i
6,883
2 388

63, 494
5 250
4, 775
3 139
7, 556
9, 047
2,924 i

63, 849
4 296
5 102
2 303
7 0,57
8, 753
3 250

48,083
3 802
2, 507
942
5, 502
6,957
4, 261

35, 018
1 563
4,033
1 343
4 461
5,173
1 480

50, 682
3 271
4' 744
2 09Q
6 06*
8, 758
2 314

' 11, 392

3, 970
2,709
3,769
1, 356
1,357
15, 748

4,401
3,644
3,872
1,466
1,259
15, 199

5, 004
3,867
4,016
1,376
1,395
15, 564

3,407
1,788
3,572
941
1, 566
12,311

1,646
579
2,643
745
1,198
8,989

1,375
979
2. 861
774
1.398
9,648

3 688
2 747
3* 774
1 266
1 437
14 182

4,590
4 015
3,981
1,509
1 480
15,228

4 171
3 290
4 175
1 429
1 527
17 838

3,209
1 744
3. 118
818
1,669
13, 555

1,013
938
2 639
830
1 112
10, 434

2 115
1 555
3 025
1. 272
I 3HS
14 074

thous. of lines _

3,985

4,855

4, 468

4.093

3,213

3,133

3, 960

4 798

4,808

4 299

3. 162

3, 667

4. 251

do __.
do
do __
do

184, 640
46, 621
138,019
7,889
2,282
25, 749
102, 100

213, 228
52, 943
160,285
8,553
2,756
30, 203
118, 773

218, 407
52. 790
165, f>17
9, 565
3,133
31, 742
121, 177

225, 606
56, 670
168,936
10. 457
2, 684
33, 444
122, 352

209, 251
52, 744
1 56, ,506
10.288
2,762
31,251
112, 204

175, 447
47, 979
127,468
7, 351
3,046
25, 674
91, 398

186, 555
52, 741
133, 814
7,781
1,894
22, 061
102, 077

214, 509
54 124
160 385
7 3ft7
2 596
29 711
120 709

245, 004
56 503
188 *10
10 383
2 518
39, 411
136 098

234
52
182
10
2
34
134

873
399
474
734
400
359
981

219, 798
45, 563
174, 235
8,847
2 550
24, 5^6
138, 332

182, 718
50 052
132, 666
9 121
3 808
21, 433
98 304

186. 11 5
49 47ft
136 636
8 720
9 377
26! 537
99 001

6,948
124, 086

8,025
147, 902

7,255
132, 616

6,719
123, 981

6,511
122, 134

6,242
119, 289

6, 174
119, 935

6 711
127 034

6 764
125 622

6 275
114 728

7,299
131. 677

6 671?
121 828

6 423
120 178

Household equipment and supplies Household furnishings
Industrial materials
__
Soaps, cleansers, etc
___
Smoking materials
All other
__
_
Linage, total
Newspaper advertising:
Linage, total (52 cities)
Classified
Display, total
Automotive
General
Retail

do _ _
do
do
do__ _
do
do __

do_ ._
do

-

2, 160
1,520
2,920
971
' 1, 216

POSTAL BUSINESS
Money orders issued (50 cities):
Domestic:
Number
Value

thousands
thous of do]

PERSONAL CONSUMPTION
EXPENDITURES
Seasonally adjusted quarterly totals at annual rates:t
Goods and services total
bil of dol
Durable goods total
Automobiles and parts
Furniture and household equipment
Other durable goods
Nondurable goods total
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
Semidurable housefurnishings

213.2

do
do
do
do
do

Other nondurable goods
Services
Household operation
Housing
Recreation
Transportation
Other services

214.9

25.2 " " " " "
9.6
11.3
4.3

do
do
do
do

- ..

118.0
20.6
71.8
5.9
2.0
5.2
12.5

do
do
do

9

4
8
11
4

27 3
11.2
11.7
4.5

9
3
2
1
i
1
1

121.4
21.9
73 5
6.3
2.0
5 2
12.5

71 9
10 9
23 5
4 3
4 3
5.9
22 9

70.8
10.9
23.2
4.2
4.1
5.8
22.5

2
8
2
3

118
20
73
6
2
5
12

117.8
20.0
72.3
6.0
2.0
5.1
12.4

70.0
10.7
22.9
4.2
4.1
5.9
22.3

do
do
do
do

222. 0

2] 5 0

20. 4
11.3
10.8
4.3

73.3
11.2
24.0
4.3
4.2
6.0
23.6

RETAIL TRADE
All retail stores :f
Estimated sales (unadjusted), total.. .mil. of dol__
Durable-goods stores
do
Automotive group - _
do
Motor-vehicle, other automotive dealers
mil. of dol._
T ire, battery, accessory dealers.. ._ do _ _
Furniture and appliance group
do
Furniture, homefurnishings stores
do
Household-appliance, radio stores
do
Jewelry stores
do
Lumber, building, hardware group
do
Lumber, building-materials dealers __ do
Hardware stores. ._
do
Nondurable-goods stores
Apparel group
_
Men's and boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores
Shoe stores
Drug and proprietary stores
Eating and drinking places

do
do _
do
do _ _
do
do
do
do

11, 744
3,867
2,020

12, 736
4,139
2,180

13, 396
4,573
2,372

14,350
5, 224
2,826

13,814
5,122
2,757

13, 396
4,627
2,374

13, 448
4,410
2,103

13, 620
4,670
2,353

14, 819
5,116
2,681

1,899
121
618
352
266
80
673
503
170

2,048
132
629
373
256
82
742
552
190

2,219
154
647
392
255
90
869
640
229

2,647
179
738
456
282
117
941
697
244

2,582
175
740
442
298
108
939
706
233

2,200
174
713
419
294
95
923
709
214

1,929
174
754
468
286
104
905
689
216

2,179
174
756
445
311
100
924
700
224

2,509
172
834
495
339
123
961
728
233

7,877
610
140
262
117
91
383
946

8,596
779
165
336
152
126
379
1,002

8,823
910
186
380
180
164
370
992

9,126
871
192
352
172
154
386
1,059

8,692
832
198
308
178
148
380
1,064

8,769
700
161
274
142
124
388
1,130

9,038
770
163
316
156
136
392
1,149

8,950
910
196
365
184
165
374
1,114

9,703
1,023
240
411
221
151
401
1,122

r

16. 910
5,214
2,378

' f 13, 054
4, 450
r 2, 546

12.392
4 380
2, 5?v»

2,166
153
823
481
342
126
812
593
219

2, 175
203
1,039
571
469
338
878
588
290

'2,411
'136
'676
'374
'302
'96
'684
' 518
'166

2, 405
124
624
354
271
89
658
495
163

9, 493
'1,003
'259
384
216
144
385
1,044

••11,696
r
1, 533
'427
560
353
194
513
1,109

' 8, 604
'740
'187
'286
'156
'HI
'392
'1,008

8,012
631
153
255
130
92
370
964

' 14, 008
4 514
2,319

r

3,419
3,253
3,248
3,228
3,397
3,026
3,453
3,427
3,555
3,242
3,440
' 3, 395
3,123
Food group
do
2,601
2,792
2,644
2, 764
2,627
2,641
2,820
2,843
2,467
2,763
2,787
' 2, 756
2, 524
Grocery stores
- do
781
834
762
847
905
915
902
716
852
872
'779
866
740
Gasoline service stations
c!o
1,531
1,444
1,324
1,467
1,269
1,450
1,164
1,769
1,523
1,773
'1,239
2,790
1.179
General-merchandise group
do
815
871
730
808
667
616
783
979
857
978
1,521
'673
62ft
Department stores, excl. mail-order _ _ do
94
99
94
98
86
104
139
93
187
'88
117
137
94
Mail-order (catalog sales)
do
212
214
244
240
224
191
236
225
258
257
521
'186
189
Variety stores
_ _ _ do
309
325
304
314
286
328
395
263
324
398
561
'293
271
Other general-merchandise stores
do
241
235
254
266
225
240
260
283
289
'229
250
411
220
Liauor stores
do __
r
Revised.
^Unpublished revisions for magazine advertising are available upon request for the following periods: January, February, March, and October 1950; January, February, September, October,
November, and December 1951; January 1952. Revisions of personal consumption expenditures (1949-51) are shown on p. 20 of the November 1952 SURVEY.
fRevised series. Beginning with the September 1952 SURVEY, retail ^ales data have been replaced by a new series based on new sampling procedures developed by the Bureau of the Census.
The new estimates begin with January 1951; see pp. 16 ff. of the September 1952 SURVEY for figures covering the entire year 1951 for both the new and old series and for discussion of the new
data; January 1952 revisions for the adjusted series are available upon request.




S-9

SUEVEY OF CURRENT BUSINESS

April 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

1952

February

March

April

May

June

1953

July

August

September

October

November

December

January

February

DOMESTIC TRADE—Continued
RETAIL TRADE—Continued

All retail stores— Continued
Estimated sales (adjusted), totalf--— mil. of dol_. ' r13, 421 ' 13, 033 ' 13, 363 ' 13, 850 ' 14, 014 ' 13, 667 ' 13, 359 ' 13, 570 ' 14, 202 ' 14, 026 ' 14, 410 ' 14, 140
r 4 871
' 4 312 ' 4 494 ' 4 927 ' 4 883
r 5 000
Durable-goods stores
do
4 608
' 4 199 ' 4 505 ' 4 844 r 4 769
4 494
' 2, 299 ' 2, 666 ' 2, 566 ' 2 254 ' 1 918 ' 2, 292 '2 644 '2 548 r 2 617
Automotive group _ . _ i _
_ do
' 2, 308 ' 2, 095
'2 738
Motor-vehicle, other automotive dealers_do
' 2, 142
' 1, 934 ' 2, 143
' 2, 500 ' 2, 403 ' 2, 098
' 1, 754 ' 2, 124
' 2, 490
' 2, 388
' 2, 453 ' 2, 572
r 167
161
156
Tire, battery, accessory dealers
do
166
166
163
164
168
156
154
160
164
r 747
'715
'686
'769
Furniture and appliance group
_ _ do
'742
'727
'727
' 746
'754
' 790
'773
'776
412
••431
423
Furniture, homefurnishings stores
do
433
'449
'416
450
'436
'449
468
'443
451
'292
Household-appliance, radio stores
do
274
••311
294
'319
'298
'311
'310
'322
'305
'330
'325
r
118
'888
602
226

Jewelry stores
do
Lumber, building, hardware group
do
Lumber, building-materials dealers _ . do
Hardware stores
do
Nondurable-goods storesdo
Apparel group _
do- ..
Men's and boys' wear stores
do
Women's apparel, accessory stores- ..-do
Family and other apparel stores
do
Shoe stores.
do. ..
Drug and proprietary stores
do
Eating and drinking places
do

T

Food group
do
Grocery stores
_
do
Gasoline service stations
do
General-merchandise group _ _ _
do
Department stores, excl. mail-order _ _ do
Mail-order (catalog sales) _ _
do __
Variety stores
do
Other general-merchandise stores
do
Liquor stores
do

r

Estimated inventories :cf
Unadjusted, total
Durable-goods stores _ _ _ _ _
Nondurable-goods stores

r

r

' 118
853
632
' 221

122
'836
620
' 216

8 813
'840
' 200
'341
' 166
133
'395
1,059

' 8 721 '8 869
'828
'860
' 195
' 190
'355
'330
' 172
' 180
'131
135
389
'388
' 1, 040
1,038

' 8 993
' 853
' 198
'336
' 182
' 137
386
1,064

o 201
2,586
'802
1,516
'820
' 111

r 3 201

r 244

'341
'253

' 118
'859
633
226

'2 586
' 798
' 1,463
'808
100
'239
'316
r 248

118
'872
647
' 225

' 121
869
660
209

12°
859
642
217

' 9 131 ' 9 173 '9 160
' 916
' 894
'881
' ?05
r 206
r 210
'359
'360
' 350
' 183
' 208
' 188
' 144
' 140
138
r 395
r 390
390
1,060
' 1 070 1 067

'9 065
' 870
' 212
'345
' 170
' 143
384
1 048

3 3955
r 3 34(5
3 271
3 256
3 341
3 402
2 713
2 756
2 636
2 768
2 728
2 641
r 847
833
r g06
810
' 821
r
' 842
' 1 483 ' 1 546 ' 1 593 ' 1 535 ' 1 615 r 1 517
'805
'882
'838
'859
'831
'896
' 106
109
107
116
115
' 118
r 247
' 245
' 253
' 255
' 269
' 2*2
'327
'325
'340
'334
'325
'342
r 274
r 270
' 264
' 268
' 271
' 264

do
do
do _

20 335
9 625
10 710

21 228
10' 030
11 198

21 103
10 128
10 975

20 542
9 689
10 853

19 825
9 229
10 596

19 209
8 621
10 588

19 279
S 314
10' 965

20 434
8 739
11 695

Adjusted, total
do
Durable-goods stores _
do
Automotive group_
do _
Furniture and appliance group
do
Jewelry stores
_ _
do
Lumber, building, hardware group. -do
Other durable-goods stores _ _ - do

20 625
9 789
3,141
1,788
496
2,539
1 825

20 321
9 583
3 106
1,709
488
2,494
1,786

20 477
9 624
3 200
1,713
488
2,429
1 794

20 Of9
9 112
2 888
1 667
479
2,380
1 698

20 125
9 030
2 864
1 625
494
2, 364
1 683

20 127
8 749
2 591
1 707
'488
2,332
1 631

19 745
8 626
2 564
1 701
480
2,273
1 608

20 281
8 956
2 875
1 693
486
2,233
1 669

do _
do
do
do
do
do _ _

10, 836
2 537
773
2 036
3,256
2,234

10 738
2 436
770
2 096
3,248
2,188

10 853
2 503
782
2 057
3^296
2,215

10 957
2 583
777
2 023
3,295
2 279

11 095
2 636
760
2 110
3,271
2,318

11 378
2 714
790
2 080
3,358
2 436

11 119
2 700
765
2 001
3,276
2 377

11 325
2 748
752
2 099
3,351
2 375

do
do __
do
do
do
do
do
do

2,090
119
13
47
37
58
46
22

2,307
157
17
63
48
59
48
26

2,440
'199
19
77
67
59
51
24

2,586
176
'18
73
57
60
53
31

2,423
173
18
67
60
59
52
26

' 2, 333
132
12
57
45
59
54
23

2,504
r 143
11
63
48
60
54
. 26

General-merchandise group. .
_ do
Department stores
do
Dry-goods, other general-merchandise
stores
mil. of dol__
Variety stores
do
Grocery stores
do
Lumber, building-materials dealers
do
Tire, battery, accessory stores
__ _do _

533
224

604
269

705
318

741
365

711
343

618
284

719
326

76
146
897
51
36

89
160
970
53
40

107
187
930
'64
47

109
180
1 023
71
55

105
170
908
73
59

91
163
954
72
56

2,417
164
18
64
52
62
49
26

2,352
'157
'17
61
51
60
48
28

2,442
170
17
68
53
62
51
26

2,469
164
17
67
52
61
53
30

2,553
' 176
18
'71
57
62
52
28

2 511

'685
'313

'724
'323

' 745
' 344

770
352

' 729
325

' 757

'99
'180
919
68
46

'115
' 188
937
65
49

'110
' 190
936
66
52

115
194
960
'67
56

r 101

'193
984
66
47

' 119
'204
985
'68
52

Nondurable-good stores
Apparel group
Drug and proprietary stores
Food group
General-merchandise group
Other nondurable-goods stores. .
Firms with 11 or more storesrf
Estimated sales (unadjusted), total
Apparel group _ _ _
__
Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores
Drug and proprietary stores
Eating and drinking places _
Furniture, homefurnishings stores

Estimated sales (adjusted), total
__ do _
Apparel group
do
Men's and boys' wear stores
do
Women's apparel, accessory stores
do
Shoe stores
do
Drug and proprietary stores
__do
Eating and drinking places
do
Furniture, homefurnishings stores
do

General-merchandise group
do
'725
Department stores
do
336
Dry-goods, other general-merchandise
stores- _ _ _
__
mil. ofdol
'99
Variety stores
___do
'186
Grocery stores
do
919
Lumber, building-materials dealers.
do. _
72
'51
Tire, battery, accessory stores
do
' Revised.
fRevised series; see note marked "t" on p. S-8.
cTData represent new estimates adjusted for comparability with
series (1949-51), see pp. 14 ff. of the November 1952 SURVEY.




r 171

19
'72
' 55
' 61
54
25

r 130

' 122
831
614
217

121
841
622
219

'832
618
r 214

' 9 358
' 930
' 226
'361
r 194

r

9 257
' 897
r 216

'358
r 177

149
146
399
398
' 1 063 ' 1 051
r

3 419
2 770

r 854
r 1 638

'903
r H5

' °60
'360
' 279
91 ^fijl
9 -ioe
12 439

' 127
'846
'629

123
'847
631
' 216

r 218

r 9 539
' 987
' 232
'389
' 206

' 9 140
r 891
r 210

'342
' 193
r 146

r 160

' 414
' 1 087

r 411

1 091

r 3 353
3 362
3 372
2 730
2 714
2' 735
t 850
' 875
893
' 1 586 ' 1 690 r i 543
'884
'918
'852
r HI
r 109
123
r 239
r 237
' 26°
'345
'352
'387
r 275
' 256
' 254

99 O^Q

9 366
12 693

' 19 544 -I Q COfi
8 838
' 9 292
T 10 706 r 10' 604

9O RQ^l

r Oft OfM

9 175
3? 093
1 643
500
2,229
1 710

9 384
3 212
1 643
499
2,281
1 749

11 477
2 541 7
799

11 511
2 830
' 801

r

9 352
3 272
1 639
490
2,208
i 743

14, 581
5 329
2 984
2,808
177
773
449
324
133
874
652
222
9 251
905
222
348
195
140
394
1 090
3 426
2 740
854
1 570
857
116
245
353
251
9fi 7K7
9 004

10 933

r 9H R1 A.

9 539
' 3' 307
' 1 659
r 496
' 2, 299
' 1 778

9 QK9
3 453
1 673
508
2,463
1 855

' 11 275

11 054
9' f»73

r

9 OQ1

9 ftRQ

3,383
2 387

3,424
2 367

r 11 452
2 790
717
2 183
' 3, 373
2 389

2,744
191
21
76
53
r 61
56
30

2,666
182
21
74
49
60
50
31

3,457
293
35
119
80
87
55
32

735
346

856

835
366

1 335
539

r 55g
' 248

oox

'113
183
999
76
57

100
180
930
78
49

131
201
1 015
81
' 53

135
203
1 020
64
49

205
414
1 056
53
75

'83
r 142
' 1 039
''51
' 43

77
144
939
49
43

2 562
174
18
73

2 537

2 613
' 180
' 19
71
53
61
54
28

2 545
' 175
18
'72
50
62
52
'29

2 630
r 195
20
'80
56
62
52
22

r 2 506

' 783

' 735
' 323

' 817
345

r 727
' 345

r 145
' 210

r 98
r 181

r 56

62
53
'25
r 326

2,476
175
15
' 69
60
58
54
26

r 169

16
'66
55
61
54
24
' 729
' 328-

OQC

r 351

' 102
' 199

r 204

r 189

62
'50

1 009
62
52

1 013
64
53

r I 009

' 120

' 119

r 1 003

64
52

r 9 70^

' 760
' 2 119
' 3, 384
' 2 309
' 2, 286
r 132
r 15

r 51
r 38

' 60

r 50

'20

r 167
r 16

'68
r 49

' 63
r 51

'27

' 995
r 63

60

7fVt

3,433
9 947

2,155
122
13
49
07
57
48
22
543

2 583
170
19
68
54
62
53
27
758
361
101
186
1 000
' 71
64

the new series of retail sales, For the new estimates for December 1950 and the entire year 1951 and for revisions of the old

SURVEY OF CURKENT BUSINESS

S-10
Unless otherwise stated, statistics through
19£0 and descriptive notes are shown in the
1951 Statistical Supplement to the Surrey

April 1953

1952
February

March

April

June

May

1953

July

August

September

October

November

December

January February

DOMESTIC TRADE— Continued
RETAIL TRADE—Continued

Department stores:
Accounts receivable, end of month:f
Charge accounts
1947-49=100
Instalment accounts __
_ __do
Ratio of collections to accounts receivable:
Charge accounts
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 XT. S.f.
Atlanta
Boston
__
_
Chicago
Cleveland
_
Dallas
Kansas City
Minneapolis
New York
Philadelphia
Richmond
St Louis
San Francisco

124
182

117
178

121
175

122
176

120
178

107
177

108
180

118
190

128
201

138
211

183
231

147
226

126
224

45
18

48
20

46
18

48
19

46
18

46
17

46
17

47
18

50
18

48
17

48
17

47
-17

44
15

48
42
10

48
42
10

48
43
9

47
43
10

47
43
10

48
41
11

48
41
11

46
43
11

46
43
11

47
42
11

49
42
9

'47
42
'II

47
42
11

'84

92
110
87
89
95
105
93
80
'86
97
'96
89
90

103
118
103
99
104
114
104
'101
94
103
'110
101
'103

108
122
102
104
105
125
112
105
95
108
'115
106
'113

105
117
103
103
105
116
106
96
95
102
'114
103
108

84
96
73
82
82
104
93
84
69
76
'87
81
96

98
115
83
97
99
114
110
103
76
86
'100
98
'112

112
126
111
110
110
128
115
108
100
110
'121
110
115

119
132
111
116
119
134
120
124
110
120
'128
121
117

133
145
127
129
139
145
132
120
123
143
142
126
136

195
221
193
186
194
215
196
175
175
195
214
179
207

85
'97
84
82
87
101
'86
'74
78
82
'84
79
91

J»88
104
P80
84
89
101
p90
80
*79
85
P90
85
*94

115
106
113
100
110
112
100
108

105
114
104
103
106
115
105
94
'98
109
' 114
99
'102

103
116
99
100
104
114
104
98
96
102
'108
98
'105

108
127
101
104
103
128
112
104
96
107
'116
102
118

111
138
103
105
112
132
114
100
98
107
'122
111
114

105
120
106
97
105
123
114
104
95
106
'106
99
110

114
131
109
111
113
127
119
115
102
115
'127
110
116

106
121
101
103
105
119
108
98
95
105
'112
104
114

115
126
109
113
116
128
113
110
105
114
r
120
114
118

113
128
105
108
113
129
117
107
98
109
115
106
128

115
130
108
116
117
130
'120
110
101
121
113
119

111
'127
104
107
116
129
114
'99
97
111
'119
108
116

P112
124
v 106
109
115
125
» 113
109
>96
115
118
106
117

••112
••115

120
115

122
116

120
118

112
118

110
120

114
118

124
120

134
120

136
120

108
119

111
123

119
122

thous. of dol
do
do_ __

246,182
67, 879
178, 303

279, 095
79, 273
199, 822

332, 482
93, 423
239, 059

368, 073
101,381
266, 692

354,385
92, 345
262, 040

304, 313
82, 995
221,318

351, 558
101, 150
250, 409

373, 724
102, 462
271. 262

418, 732
118, 142
300, 590

391, 569
108, 525
283,045

546, 465
155, 594
390, 870

268, 261
62, 778
205,483

258, 518
62, 171
196, 347

1935-39=100
do
do __
do
do
do
do
do
___do
do

263.3
242.7
296.1
240.0
284.7
314.6
292.4
340.3
300.0
381.1

276.3
271.1
306.1
257.9
301.4
304.6
285. 4
340.1
276.7
354.6

299.6
273.7
319.7
280.2
344.5
313.1
288.1
348.3
287.1
368.4

283.9
253.5
301.8
269.8
327.7
316.5
282.3
364.1
304.5
365.7

308.3
280.0
345.4
286.9
370.7
345. 5
311.1
397.5
313.2
396.5

249.5
215.6
270.5
234.6
313.6
336.3
304.5
387.0
314.1
384.3

315.6
280.7
330.8
295.3
396.2
342.3
320.1
368.4
318.9
404.3

344.5
299.7
390.4
316.8
415.6
311.5
289.0
343. 1
294.4
363.3

378.3
356.9
445.0
366.8
410.8
316.3
310.3
348.2
312.2
365.5

432.6
441.5
478.2
393.7
500.3
333.8
310.5
347.0
299.6
399.0

554.4
502.9
585.8
527.9
662.3
371.8
330.8
411.7
351.5
418.4

253.7
238.6
281.0
237.2
286.3
335.1
314.8
351.2
316.3
389.0

277.7
254.3
308.1
254.7
301. 9
331.8
306.4
354.1
318.4
404.1

8,154
2,493
5,661
10,190
5,114
5,076

8,108
2,579
5,529
10, 298
5,255
5,043

8,187
2,771
5, 416
10,110
5,287
4,823

8,116
2,706
5,410
9,855
5,161
4,694

8,240
2,728
5,512
9,761
5,005
4,756

8,596
2,718
5,878
9,665
4,809
4,856

8,699
2,646
6,053
9,735
4,814
4,921

9,523
2,983
6,540
9,925
4,824
5,101

10, 389
3,254
7,135
10, 177
4,790
5,387

9,481
2,797
6,684
10, 202
4,860
5,342

1947-49=100..
-- do
do
do _
do
do
do
do
_
_ _.do
do
do
do
do

Sales, adjusted, total U. S.f
do ___
Atlanta
do
Boston
_ __do
Chicago
do
Cleveland
do
Dallas
do
Kansas City
.
do
Minneapolis
do
New York
do
Philadelphia
do
Richmond
do_ _ _
St Louis
do _ .
San Francisco
do_
Stocks, total U. S., end of month :f
Unadjusted
do
Adjusted
do
Mail-order and store sales:
Total sales 2 companies
Montgomery Ward & Co
Sears, Roebuck & Co
Rural sales of general merchandise:
Total U S unadjusted
East
South
Middle West
Far West
_
Total U S , adjusted
Fast
.
South
Middle West .
Far West

'94

75
80
'86
93
85
83
82
'81
85
80
••87
106
112
100
104

'lie

111

WHOLESALE TRADE*
Sales estimated (unadj ) total
Durable-goods establishments
Nondurable-poods establishments.
Inventories, estimated (unadj ), total
Durable-goods establishments
Nondurable-goods establishments

mil of dol
do
do
do _
_ __do
do

' 9, 765 ' 8, 593
2,853
' 2, 457
' 6, 912 ' 6, 136
' 9, 965 ' 10, 111
4,878
5,099
' 5, 087
' 5, 012

8,201
2,619
5,582
10, 233
5,325
4,908

EMPLOYMENT AND POPULATION
POPULATION
Population, continental United States:
Total, incl. armed forces overseas
thousands—

155,964

156, 163

156, 371

156, 568

156, 770

156, 981

157, 234

157, 505

157, 768

158, 012

158,233

158,448

158,657

109, 274
51, 810
57, 464

109, 274
51, 758
57, 516

109,328
51, 762
57, 566

109,426
51, 804
57, 622

109, 556
51, 872
57,684

109, 692
51,948
57,744

109, 804
52, 000
57,804

109, 906
52, 040
57,866

110, 074
52, 144
57, 930

110, 198
52, 208
57,990

110, 315
52, 265
58,050

i 110, 648
52,502
58, 146

110, 936
52, 698
58,238

_do
do
do

61,838
42, 858
18, 980

61, 518
42, 810
18, 708

61, 744
42, 946
18, 798

62, 778
43, 262
19, 516

64,390
44,464
19, 926

64, 176
44,720
19,456

63, 958
44,396
19, 562

63,698
43,468
20,230

63,146
43, 196
19,950

63,646
43, 218
20,428

62, 921
43, 240
19, 681

62, 416
43, 334
19,082

62, 712
43, 692
19,020

do
do
do

59, 752
41, 482
18, 270

59, 714
41, 586
18, 128

60, 132
41, 898
18, 234

61, 176
42, 290
18, 886

62, 572
43, 326
19, 246

62, 234
43, 476
18, 75a

62,354
43, 392
18, 962

62, 260
42, 604
19, 656

61, 862
42, 482
19, 380

62,228
42,404
19,824

61, 509
42,275
19,234

60, 524
41, 974
18,550

60, 924
42, 448
18, 476

_do
do
do

6,064
53, 688
2,086

6,012
53, 702
1,804

6,412
53, 720
1,612

6,960
54,216
1,602

8,170
54,402
1,818

7,598
54,636
1,942

6,964
55,300
1,604

7,548
54, 712
1,438

7,274
54,588
1,284

6,774
55, 454
1,418

5,697
55, 812
1,412

* 5, 452
55, 072
11,892

5,366
55,558
1,788

EMPLOYMENT
Employment status of civilian noninstituti*nal
population: cf
Estimated number 14 years of age and over,
total
thousands
Male
_ _ _ _ _ _ _ _ do_ _
Female
do
Civilian labor force, total
Male _
Female
Employed
Male
Female

_

Agricultural employment
Nonagri cultural employment
Unemployed

1

Not in labor force
_do
47.436
47.584
45.166
45. 516
47. 756
46. 648
45. 846
46.208
46. 928
4fi. 552
47. 3Q4
1 4R 929
4« 994
l
' Revised.
* Preliminary.
See note at bottom of p. S-ll.
fRevised series. Data have been revised to reflect use of new base period and to incorporate other major changes. Revisions back to 1919 for sales by districts will be shown later. Published revisions appear as follows: Accounts receivable (1941-51), p. 32 of the July 1952 SURVEY, total U. S. sales (1919-50), p. 32 of the February 1952SuRVE.Y; total U. S stocks D 32 of the Julv
1952 SURVEY.
J Data on total wholesale trade have been substituted for the series on service and limited-function wholesalers. For annual sales, 1939-48, and end-of-year inventories, 1938-48 see p. 24 of
the October 1951 SURVEY; revisions beginning 1949 appear on pp. 16 ft. of the October 1952 SURVEY.
d"See note at bottom of p. S-ll.




SURVEY OF CURRENT BUSINESS

April 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

S-ll
1953

1952

February

March

April

May

June

July

August

September

October

November

December

January

February

EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT—Continued
Employees in nonagricultural 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 and 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
do
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
millst.
thousands-Primary smelting and refining of nonferrous metals
thousands. .
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
thousands. .
Heating apparatus (except electrical) and
plumbers' supplies.
thousands _.
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

45,899
15, 859
9,010
6,849
902
107
62
366

46,001
15, 869
9, 035
6,834
904
107
67
363

46, 299
15, 795
9, 054
6,741
896
107
60
357

46, 329
15, 654
8,991
6,663
893
107
66
348

46,292
15 410
8,621
6,789
814
77
65
294

46,006
15 162
8 301
6, 861
784
74
61
269

47, 124
16 028
8,916
7,112
897
107
63
346

47, 789
16 430
9 218
7,212
886
103
63
345

47, 908
16 542
9 372
7,170
873
102
63
337

' 48, 058
' 16 642
'9 519
' 7, 123
'873
105
63
r
336

267
101
2,308
4,111
1,392
141
660
47
526

266
101
2,296
4,118
1,395
139
664
47
526

267
105
2,416
4,096
1,404
139
648

266
106
2,522
4,131
1,416
137
669

528

529

272
106
2,663
4,168
1,396
137
674
45
538

275
106
2,722
4,140
1,352
138
682
46
545

273
109
2,781
4,208
1,394
138
688
46
646

266
108
2 763
4,228
1 411
137
682
46
540

263
109
2 697
4,242
1 423
136
682
47
535

262
108
'2 618
r
4, 233
1 412
136
r
684
46
531

9,643
2,624
7,019
1,416
1,286
743
1,919
4,667
428
354
153
6,490

9,668
2,623
7,045
1,437
1,287
738
1,937
4,681
430
353
154
6,528

9,845
2,605
7,240
1,527
1,295
737
1, 952
4,748
438
358
161
6,551

9,773
2,601
7,172
1,466
1,293
742
1,958
4,796
450
363
164
6,602

9,838
2,618
7,220
1,460
1,292
754
1,977
4,837
475
369
165
6,585

9,792
2,626
7,166
1,419
1,293
757
1,993
4,855
509
371
161
6,558

9,784
2,637
7,147
1,410
1,287
752
1,993
4,844
505
369
156
6,589

9 970
2 644
7 326
1 516
1 298
748
1 971
4 829
468
364
160
6 712

10 114
2 662
7 452
1 601
1 316
754
1 971
4 774
434
364
163
6 695

' r10 320 ' 10 881
2, 687
' 2 688
'7 633 '8 193
r
1, 729
' 2 127
r 1 3"g
1 321
'767
'779
r i 973
' 1 981
r
4 736
' 4' 709
r 424
' 424
363
363
161
159
6 663
7 051

46, 594
15, 877
912
2,593
4,147
9,860
1,929
4,738
6,538

46, 552
15, 894
911
2,523
4,154
9,862
1,937
4,728
6,543

46, 556
15, 931
899
2,517
4,116
9,849
1,942
4,748
6,554

46, 599
15, 870
894
2,497
4,134
9,912
1,948
4,772
6,572

46, 348
15, 547
810
2,536
4,139
9,964
1,957
4,789
6,606

46, 170
15, 362
777
2,544
4,099
9, 965
1,964
4,783
6,676

46, 970
15 924
889
2,575
4,160
9,967
1,973
4,796
6,686

47 301
16 196
881
2,582
4,206
9 981
1,981
4 781
6,693

47 422
16 324
871
2 569
4 249
9 Q88
1 991
4 750
6 680

'47 682
r 16 509
r 372
r
2 567
r
4 237
r 10 032
' 1 993
r
4 760
6*712

' 47 844 ' 47 741 P 47
r Ig 621
' 16 704 P 16
r
r 873
874
P
' 2 517 ' 2 490 P 2
P4
' 4, 194
' 4 238
r 10 096
' 10 064 P 10
r 2 001
' 1 998 P 2
' 4 757 ' 4 748 P 4
6 669
P6
6 741

12,820
7,306
55

12, 815
7,316
56

12, 733
7,329
58

12, 588
7,262
59

12,329
6,888
60

12, 061
6,559
60

12 886
7,146
••62

13 285
7 444
63

13, 377
7,583
63

r

'13 529
' 7, 815
'65

668
396
296
447
120
1,160

670
398
296
449
121
1,154

678
405
292
452
123
1,143

635
387
287
449
123
1,141

697
424
288
453
125
716

709
427
285
441
123
676

727
442
295
458
127
1,110

719
438
304
462
132
1 153

701
430
310
467
133
1,162

570

567

558

657

155

134

540

565

566

568

671

573

48

47

48

48

47

47

48

47

46

46

46

46

807

807

806

798

769

726

783

821

847

863

'881

'881

116
1,281
727
1,251
634
424
122
61
233
381

116
1,280
722
1,266
643
428
126
61
234
382

115
1,282
714
1,288
663
430
128
57
236
380

113
1, 209
708
1,307
667
437
133
60
233
376

115
1,261
706
1,323
672
447
135
59
233
382

112
1,203
685
1,169
521
454
135
50
230
375

121
1,181
708
1,192
525
466
134
57
238
395

128
1 193
743
1 330
680
448
135
56
242
414

131
1,212
766
1,380
706
472
134
57
246
429

131
' 1, 242
'784
'1,421
'742
478
134
55
251
'437

5,499
1,057
239
96
104
189
138
78
1,113
518
210

5,404
1,057
233
100
114
186
136
77
1,093
507
210

5,326
1,074
230
107
122
183
146
77
1,083
503
209

6,441
1,138
232
113
155
190
153
78
1,082
506
212

5,502
1,215
234
114
211
195
163
78
1,081
509
209

5,740
1 279
232
111
280
194
160
87
1,120
519
221

5 841
1 314
236
104
313
195
151
91
1,141
522
225

5 794
1 233
235
99
222
196
147
91
1,150
524
228

' 5 743 r 5 714
r i 150 r 1 H2
245
247
96
94
'149
' 126
r 191
195
147
142
88
87
1,162
1,164
'527
530
230
229

1,051
127

996
121

959
113

972
119

982
117

1,050
128

1 068
129

1 066
128

r

238
306
401
208

239
275
398
206

238
252
398
206

240
252
403
209

239
269
395
203

249
292
408
209

253
292
411
208

255
284
418
209

508
152
167

507
152
166

507
154
167

511
154
167

507
154
165

609
154
165

515
155
167

522
155
170

5,514
Nondurable-goods industries
.do
1,060
Food and kindred products
do
244
Meat products
do
95
Dairy products
.
do
105
Canning and preserving
do _ _
187
Bakery products
do
134
Beverages .. _
do
80
Tobacco manufactures
do
1,123
Textile-mill products
do
527
Broad-woven fabric mills-....-.
.do
210
Knitting mills
do
Apparel and other finished textile prod1,052
ucts
_ _
thousands. _
128
Men's and boys' suits and coats
do
Men's and boys' furnishings and work
233
clothing
...
_ ..thousands..
309
Women's outerwear
do
404
Paper and allied products
. do
210
Pulp, paper, and paperboard mills.- -do
Printing, publishing, and allied industries
507
thousands. .
152
Newspapers
do
166
Commercial printing
do
'Revised.
* Preliminary.
JFigures for 1939-46 on the revised basis for the indicated series,

*

13, 462
7, 719
'64

r

p

'701
'424
315
'468
135
1, 173

l 065
127
r

' 48, 926 ' 47, 183
' 16 727 r r16 649
'9 628
9, 639
'7,010
' 7, 069
'872
'867
'106
106
62
63
'335
336
264
104
' 2 467
' 4 238
1 406
136
687
46
r 534

'679
410
' 317
'465
' 134
' 1, 185

' 131
'1 283
800
'1 460
' 761
493
'137
58
254
'426

264
'100
' 2, 266
' 4, 158
1,369
131
685
46
534
'9 928
'2 646
' 7 282
' 1 499
'1 308
'769
'1 988
' 4 677
423
363
158
6 650

* 47, 154
P 16 755
p 9 7?0
*7,035
P 857
P 104

J»327
P101
J > 2 255
M 150

P 9 gsg
P 2 637
v 7 221
p 1 474
P i 311
*>768
P 1 994
P 4 677

P Q 608
850
775
866
534
186
081
004
748
656

r 13 447 v 13 538
' 7 819 P 7 888
' 64
"65

'653
393

r 316
r 460

135

r 1 188

P 653
319
p 457
v

j> i 192

*904

129

r 1 289
P 1 297
P 820
'804
' 1 484 P i 501
779
500
136
58
r 255
i> 256
r 415
P 424

' 5 628 P 5 650
* 1 062
240
93
114
186
136
' 84
P 82
' 1, 151
» 1, 156
524
223
r 1 066

' 1 073 r 1 065
125
124

256
'284
'421
210

' 257
'298
r 424
213

255
302
' 418
211

524
156
170

526
157
172

'519
154
171

P i 079

p 420
*517

available since publication of the 1951 STATISTICAL SUPPLEMENT, will be shown later.

NOTE FOR EMPLOYMENT SERIES, P. S-10. Beginning January 1953, estimates are based on the 1950 census; unrevised estimates for January consistent with the 1940 census and
comparable with data through December 1952 are as follows (thous.): Civilian noninstitutional population—total, 110,450; male 52,345; labor force—total, 62,294; male, 43,213' employed—total
60,406; male, 41,892; agricultural, 5,443; nonagricultural, 54,963; unemployed, 1,888; not in labor force, 48,156 (data for employment and unemployment estimated by OBE). The overall increase
in the level of the labor force (roughly 400,000 for the total; 150,000 for nonagricultural; 250,000 for agricultural) is not fully reflected in the January figures, but will be spread over the 3-month
period, January-March 1953. Appropriate allowances should be made in comparing the estimates beginning 1953 with those for earlier periods.




SUEVEY OF CURKENT BUSINESS

S-12
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

April 19.T3

1952
February

March

April

May

June

July

19£»3

August

September

October

November

December

January

February

EMPLOYMENT AND POPULATION— Continued
EMPLOYM ENT—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) t
1947-49=100..
Manufacturing production-worker employment
index, adjusted (Federal Reserve) t-1947-49=100._
Miscellaneous employment data:
Federal and State highways, total§
number
Construction (Federal and State) _
.do
Maintenance (State)
do
Federal civilian employees:
United States
thousands
Washington, D. O., metropolitan area. -do
Railway employees (class I steam railways) :
Total
thousands _ _
Indexes:
Unadjusted
1935-39=100
Adjusted
do

512
163
190
155
215
95
340
221

511
166
191
158
202
93
340
219

513
168
205
161
212
92
357
232

526
168
203
159
217
94
355
228

534
170
203
159
222
94
355
224

101.8

99.7

97.5

104.2

107.4

103.4

100.8

99.2

103.4

105.6

270, 654
99, 013
118,411

296, 941
120, 225
122, 354

328, 561
141, 561
128, 338

341, 207
149, 194
131, 788

344, 947
151, 418
132, 378

2,381
249

2,389
248

2,392
248

2,419
251

2,422
251

1,252

1,255

1,265

1,277

1,257

119.4
122.3

119.7
122.7

120.5
122.5

121.8
122.3

120.1
118.4

131.0

131.9

128.1

128.1

40.7
41.7
44.7

40.7
41.7
44.3

39.8
40.8
43.4

40.6
40.1
41.5
41.0
39.6
41.2

40.4
39.9
41.3
41.1
39.9
41.4

40.6

••535
172
203
159
227
95
••358
225

'535
173
201
159
230
96
'362
231

'533
174
'200
159
"230
96
'362
235

^536

108.1

108.8

109.4

'108.7

P 109. 5

106.5

'107.8

108.5

'109.1

* 109. 6

334, 323
149, 271
126, 444

315, 261
138, 599
121, 337

284, 896
109, 889
119, 630

2,409
248

2,390
246

2,386
245

2,383
245

1,214

1,256

1,272

1,285

1,274

1,260

'1,229

1,218

116.0
113. 5

119.7
117.2

121.3
118.4

122.5
118.5

121.4
120.3

' 119. 8
' 121. 7

P 117. 2
P 121. 9

P 116.0
P118.9

126.4

121.1

133.3

142.1

144.2

145. 6

' 149. 2

' 146. 8

P 147. 5

40.2
41.1
43.7

40.5
41.2
43.5

39.9
40.2
42.3

40.6
41.0
41.0

41.3
41.9
42.7

41.4
42.2
42.3

41.2
42.0
'41.0

'41.7
'42.6
'41.7

41.1
'41.9
'40.8

P41.0
"41.9
P42.7

40.7
40.3
40.6
40.5
38.9
39.0

41.1
40.9
40.9
41.0
39.8
39.2

42.2
42.1
41.0
40.9
39.7
40.1

40.9
40.5
40.3
40.2
38.5
39.5

41.9
41.6
41.2
41.1
40.0
40.4

41.6
41.4
42.0
41.3
39.7
41.1

42.0
41.7
42.5
42.0
40.9
41.3

41.3
41.1
42.0
'41.3
'40.5
41.5

'41.7
41.2
42.8
'41.8
41.5
41.8

'40.9
40.4
'41.4
'40.9
40.7
'41.6

"41.0

41.4

37.4

37.4

36.8

37.7

40.3

40.9

40.6

'41.2

41.0

41.1

41.6

41.8

41.5

41.9

41.8

41.9

41.6

41.7

41.5

41.6

41.9

41.9

41.8

41.7

40.7

41.3

40.9

39.8

40.8

42.0

42.5

'42.4

43.3

'42.3

40.4
43.6
41.6
41.4
40.4
43.2
40.0
41.4
41.7
40.8

40.5
43.5
41.5
41.3
40.4
42.9
40.9
41.3
41.7
40.9

39.0
42.8
40.7
40.7
39.9
42.0
40.5
40.3
41.4
40.1

40.2
42.9
40.6
41.1
40.1
42.8
41.1
40.4
41.8
40.5

40.2
42.7
40.9
40.7
39.4
42.7
40.9
40.6
41.6
40.3

39.6
41.6
39.9
39.3
35.9
42.7
40.5
40.1
40.7
39.8

40.6
42.1
40.9
40.3
38.4
42.3
40.4
39.8
41.5
40.7

41.6
42.9
41.9
42.2
41.8
43.6
40.5
39.3
42.3
41.6

42.3
42.9
42.0
42.6
43.1
43.0
39.4
39.8
42.4
42.1

'41.3
'42.7
'41.9
'41.8
'41.9
' 43. 1
'37.7
39.6
'42.7
'42.1

42.0
43.7
42.5
'42.6
'42.5
43.6
40.1
41.4
'43.1
42.5

40.2
'43.1
42.1
'41.8
41.5
43.0
39.5
40.4
'42.0
'41.6

39.5
41.4
41.4
43.9
38.4
41.5
40.7
36.9
38.8
38.4
37.8

39.3
41.0
40.6
43.8
38.1
41.0
40.4
36.6
38.1
37.2
37.8

38.4
40.7
40.3
43.8
37.5
41.1
40.6
34.6
37.2
37.1
36.2

39.0
41.4
40.7
44.3
37.9
41.8
41.8
37.9
37.7
37.1
36.9

39.5
42.1
41.1
45.6
38.7
42.3
42.3
38.6
38.4
37.7
37.6

39.5
42.1
40.9
45.1
41.0
41.9
43.0
37.9
38.5
38.1
38.0

40.0
41.4
40.2
44.1
40.2
41.8
41.4
39.1
39.7
39.3
39.0

40.4
42.3
41.4
44.6
43.0
41.9
40.9
39.6
40.2
40.0
39.2

40.4
41.9
42.0
43.7
41.2
41.6
40.6
39.9
40.6
40.6
39.8

40.3
'41.8
43.6
'43.9
36.8
41.6
'41.1
'38.7
40.4
40.5
39.8

40.5
42.1
44.7
43.8
38.1
41.1
40.8
39.2
40.8
40.9
39.1

'39.9
'41.3
42.0
44.3
39.0
40.9
40.3
'38.5
'40.1
40.4
38.0

37.4
'35.8

37.4
36.9

36.8
36.4

"37.3

'38.9
35.4
'43.8
'44.4

38.5
36.0
'44.0
44.7

37.2
35.9
'43.2
44.3

"43.2

'39.0
36.3
'40.2
'41.8
41.4
'41.0
'40.7
'41.1
'40.2
-' 37. 6
'36.3

39.5
37.2
40.9
41.6
41.1
40.7
40.5
'41.8
'40.8
39.5
39.1

'38.7
35.6
40.4
'41.1
40.7
'40.6
40.5
'41.0
40.1
'39.4
39.4

538
168
193
153
215
94
342
221

538
168
194
152
215
94
344
222

530
163
197
155
213
95
336
217

517
161
168
126
213
95
330
213

103.6

103.6

102.9

103.8

103.7

104.0

227, 488
59, 491
115, 126

239, 087
68, 500
116, 987

2,370
248

"230
"368

' 250, 904 * 235, 008
' 77, 795 v 62, 559
117, 558 P 116, 231

2,378
244

2,370
243

2,363
242

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

r

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
mills J
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

Apparel and other finished textile products
36.8
36.4
36.7
35.0
37.3
hours ._
36.2
37.4
36.0
37.5
35.3
32.9
33.2
36.2
34.7
Men's and boys' suits and coats
do
34.2
36.7
33.7
36.1
Men's and boys' furnishings and work
36.5
36.7
37.2
35.8
38.0
clothing
hours
37.3
38.2
36.8
39.0
36.2
36.4
34.2
36.2
Women's outerwear
_
do
36.0
34.8
35.7
35.0
35.0
42.6
42.4
41.4
41.8
43.0
42.4
Paper and allied products __
do
42.4
43.5
43.8
42.2
43.6
43.8
43.6
42.6
Pulp, paper, and paperboard mills. .-do
43.1
43.4
44.0
44.2
Printing, publishing, and allied industries
38.2
38.4
38.7
38.6
38.9
38.8
hours ._
38.5
39.2
39.0
36.1
36.1
•36.1
Newspapers
do.__
36.5
36.1
36.4
36.1
36.5
36.4
40.3
39.5
Commercial printing
do
39.7
40.0
40.3
40.2
40.3
40.5
40.4
41.4
41.3
40.9
41.0
40.9
Chemicals and allied products
do
41.1
40.7
41.5
41.7
40.2
40.3
40.3
40.3
Industrial organic chemicals _
do
40.7
40.3
40.5
40.8
41.1
40.5
37.2
40.8
40.7
Products of petroleum and coal
do
40.8
40.8
41.2
41.3
40.9
40.5
40.3
Petroleum refining
_ ...
do
40.7
35.7
40.2
40.4
40.5
40.8
40.2
40.5
40.3
39.6
40.5
40.6
Rubber products
do
40.9
41.1
39.6
41.5
39.8
39.3
40.4
40.6
40.5
41.1
Tires and inner tubes..
do
39.8
40.7
40.7
38.7
37.1
37.3
39.5
Leather and leather products
do
38.7
38.2
38.5
38.6
38.2
38.6
38.7
36.7
36.8
Footwear (except rubber)
do _.
37.8
39.7
38.3
38.1
37.2
r
Revised.
» Preliminary.
fRevised series. Indexes have been shifted to new base pei•iod; mont bly data fo r 1919-50 ai*e shown 0]i pp. 19 an 20 of the October 1952 SURVEY
d
§Total includes State engineering, supervisory, and admin istrative eimployees u ot shown s eparately.




v 41. 3
"41.0

M2.1
P43.1
P41.9
P42.2

P41.7
P41.4

P39.8
P40.7

"37.6
P40.0

"38.7
"40.7
"40.2

"39.6

JSee note markc,d "J" on p . S-ll.

April 1953

SURVEY OF CURRENT BUSINESS

Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

S 13

1952

February

March

April

1953

July

June

May

August

September

October

November

December

J an liar y

February

EMPLOYMENT AND POPULATION—Continued
1

•
LABOR CONDITIONS— Continued
Average weekly hours per worker, etc.— Continued
N"on manufacturing industries:
Mining:
Metal
hours __
\nthraeite
_ _ __do
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
hours. _
Nonmetallic minine and quarrying
do
Contract construction.
do
Nonbuilding construction
do
Building construction
_do_._.
Transportation and public utilities:
Local railways and bus lines.
-do
Telephone
do _
Telegraphf
,
do ___
Gas and electric utilities
, do_.__
Trade:
Wholesale trade
do _
Retail trade (except eating and drinking
places) *
hou rs
General-merchandise stores
do ___
Food and liquor stores. __ _ _ _ , _do
Automotive and accessories dealers-.-do
Service:
Hotels, year-round
do
"Laundries
do
Cleaning1 ?nd dyeinsr plants
do
Industrial disputes (strikes and lock-outs):
Beginning in month:
Work stoppages
.. number-.
Workers involved
thousands..
In. effect during month:
Work stoppages
.
number..
Workers involved
thousands. _
Man-days idle during month
do
Percent of available working time
TJ. S. Employment Service placement activities:
Nonagricultural placements
thousands. _
Unemployment compensation (State laws):
Initial claims
_ __ _ _ _ d o
Continued claims
do
Benefit payments."
Beneficiaries, weekly average
do
\mount of payments
thous, of dol.
Veterans' unemployment allowances:
Initial claims
thousands. _
Continued claims
do
\mount of payments
thous, of dol
Labor turn-over in manufacturing establishments:
Accession rate,. .monthly rate per 100 employees..
Reparation rate, total
do
Discharge
_ _
do.___
Lay-off
do
Quit
do _
Military and miscellaneous
do

44.1
30.9
35.9

44.5
30.1
35.4

43.1
28.1
29.9

44.4
33.3
31 8

42 6
30.1
28 5

43 1
26 7
28 1

43 9
29.2
36 2

44 9
34 1
38 9

44 3
32 1
32 3

'43 6
'35 8
'35 5

r 44 5
'34 5
36 4

43 8
28 4
35 5

40.8
44.3
38.3
40.2
37.9

41.6
43.8
37.1
38.5
36.9

41.1
44.8
38.0
39.8
37.6

40.6
45.7
38.6
41.2
37.9

41.3
45.8
39.4
42.2
38.7

41.0
44 9
39.1
41 8
38.4

40.5
45 8
39.3
42 4
38.5

41.3
46 4
39 8
43 6
38.8

40.6
46 4
39.6
43 1
38.7

41.5
44 6
37 4
r 39 o
'37.1

40.8
44 3
38 5
'38.2

41.2
43 2
37 0
38 i
36.8

46.5
38.5
43.9
41.4

46.6
38.5
44.0
41.4

46.1
34.9

46.9
38.7

41.4

41.2

47.1
39 0
44. 5
41.2

46.9
39 3
44 8
41.5

47. 0
39 0
44 5
41.4

46.0
39 0
42 6
41.6

45.9
38 9
42 3
41.6

'45.5
r
38 9
41 9
'41 9

'46.0
38 8
42 1
r
41. 7

44.9
38 7
41 7
41 8

40.4

40.4

40.1

40.4

40 5

40 6

40 6

40 7

40 7

r 40 7

"•40 9

40 6

39.8
35.9
39.4
45.0

39.8
35.8
39.5
45.1

39.7
36.0
39.6
45.4

39.6
35.7
39.2
45.3

40 1
36.3
4C. 2
45.3

40 4
36 6
40.6
45 4

40 4
36 5
40.7
45 2

39
35
39
45

5
2
8
2

39 2
34 8
39.2
45 4

r 38 8

/ 34 3
39.3
* 45 1

r 39 5
r 30 4
39.3
' 45 5

39
34
39
45

42.8
40.9
39.8

42.5
40.9
40.1

42.8
41.1
41.3

42.6
41.4
42.0

42.6
41 8
42.6

42.4
41 2
40 3

42.6
40 6
40 3

42 4
41 0
41 5

42.4
40 9
41 9

42.3
40 5
T 40 5

43.0
40 9
'41.4

42 4
J.Q 7
40 5

350
185

400
240

475
1,000

475
300

425
170

425
125

450
225

475
230

425
470

250
90

200
80

350
200

550
250
1,270
.15

600
320
1,400
.17

650
1,200
5,300
.61

675
1,200
7,500
.90

650
1, 000
14 OGO
1 68

650
850
12 500
1 44

675
310
2 100
25

700
360
3 200
37

650
600
3 500
37

475
220
1 500
19

350
120
1 000
11

427

465

566

'572

581

556

588

658

641

507

467

890
5,169

867
4,834

1, 109
4, 825

915
4,445

978
4 255

1 585
4 961

733
4 301

568
2 985

679
2 746

690
2 576

1 126
3 844

1 074
' 4 609

1,146
105, 023

1,113
101, 564

993
94, 385

918
86, 958

918
83, 511

871
88 612

980
95 389

631
62 094

530
54 227

' 672
69 061

953
94 360

0)

0)

536
47 730
(i)

3
65

3
54

0)

2
44

0)

1

(i)

31

1
28

0)
U

l
25

(i)

1
13

(1}

G)
u

14

ffl

9

0)

Q

3.9
3.9
.3
1.3
1.9
.4

3.9
3.7
.3
1.1
2.0
.3

3.7
4.1
.3
1.3
2.2
.3

3.9
3.9
.3
1.1
2.2
.3

4.9
39
.3
11
2.2
.3

4.4
50
3
2 2
22
.3

5.9
46
3
10
30
,3

5.6
49
4
7
35
.3

5.2
42
4
7
28
.3

66.91
72.18
78.76

67.40
72.81
78.85

65.87
71.07
77.04

66.65
71.76
78.22

67.15
71.98
77.73

65.76
69 67
75.55

67.76
72 49
74.09

70.04
75 84
79.64

70. 59
76 76
78.17

r

59.11
58.47
60.26
65.23
65.54
75.85

59. 59
58. 85
60.67
65.76
66.59
76. 55

61.13
60.37
59.48
64.88
65.16
71.53

59.96
60.45
59.80
65.85
66.78
72.17

64.73
65.17
60. G2
66 09
67.37
73.38

63.11
62.94
58.56
64 92
65.49
71 89

66.20
66.35
60.19
67 03
68.48
77 77

66.10
66 53
62.41
68 39
69. 32
81 91

65.81
66 22
63. 54
70 27
71. 86
81 86

'
r
'
r
'

76.53

78.33

70.16

70.46

70. 77

72. 04

81. 97

86.79

84. 20

73.17

74. 03

73. 33

74.41

74 36

75 55

76 67

77 81

71.27

71.43

69. 64

70. 95

70. 18

67. 66

7(i. 67

69. 85
79.70
69.93

70. 35
80.00
70.43

67. 74
78.62
69.03

69.99
79.06
68.90

70. 11
78.87
69.73

68.43
76. 46
67 91

71. 17
77. 84
69 86

r 40 1

m

C1)
u

4

4

o
r.
i
3

500
250
1 250
15

350
120
550
200
1 000
1°

474

(\\
(\\

455
761

4

000

956
86 827

d\
d\
7

4.0
35
4
7
21
.3

3.3
34

17
.3

'21
.4

70. 82

72. 22
78 51
77. 06

r 77 43
<• 75. 93

63. 93
63 70
65.' 01
71 10
74. 95
84 06

' 62. 25
61 97
' 62. 89
r 59 94
74. 64

r g4 Tg

' 86. 19

r 86. 14

85. 53

76 98

T 77 71

78 39

79 44

74.26

75. 86

' 76. 15

' 78. 59

' 76. 82

p 76. 75

74 05
80. 31
72 u

75 80
80.82
72 66

r 74 22
T 72 61

T 76 10
' 84. 08
73 Qi

72 48
' 83. 05
r 73 93

P 74. ^id.

86 99
92 28
83 59
75.96
76 38
75. 01
63 QQ

r 8^ 56
r 09 99

T 87 71
r 9] 21

r 85 10
07 1 -1

r 84 69
r
73. 18

r 86 02
* 78. 48

85 18
76! 39
)

3

4.4
38

*4.2

v *3 7

r 3

•J n

v 4
v Q
p 9 o

p. 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 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...

79.24
80.08
78. 47
Transportation equipment
do
79.57
79 12
75 50
78 38
85 16
80.84
79.68
Automobiles
do
79.83
80.24
79 27
71 33
77 76
88 20
80.01
Aircraft and parts
._
..-do.-.
80. 57
78.08
80.38
80.36
80 66
80 03
84 24
74.32
75. 01
Ship and boat building and repairs.— do
76. 81
76.36
76. 03
74.76
75. 87
77.68
74 g3
74 75
78. 12
Railroad equipment
do
78. 55
76. 25
76. 11
77 79
75 82
Instruments and related products
do
71. 02
71.47
70.71
71.81
71.97
72.04
70. 49
74.45
60.18
60. 57
Miscellaneous mfg. industries
do
59.31
60.39
60.01
59. 06
61). 68
62. 69
r
Revised.
*> Preliminary.
i Less than 500 claims.
fRevised series. Beginning 1952, data cover all domestic (laud-line) employees except messengers and those compensated entirely on a
divisional headquarters personnel and trainees in school.
*New series. Data beginning 1947 will be shown later.
JSee note marked "I" on p. S-ll.




r 76 86

«• 74. 87
64. 80
65 10
63. 34
70 21
73. 59
g9 92

'81.22

r 75 07

' 75. 92
r fid nf>

r

QjQ

rj2

'77.19
fin Q9

r 71. 51

p 71. 42
v 77 d'}

P 80. 57
P 62. 28

P 63. 43
r> 81

9fi

p 83. 40
rt Of.

70

79 '• 6
' 74. 80 I "~V74."52~
r i\t( Oft

v l\A 7Q

commission basis; earlier data exclude general and

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 1053

1952
February

March

April

May

1

June

July

1953

August

September

October

November

December

January

February

EMPLOYMENT AND POPULATION—Continued
WAGES—Continued

Ave^e weekly earnings, etc.— Continued
All manufacturing industries— Continued
Nondurable-goods industries
dollars _
Food and kindred products _ _ _
-do ...
Meat products
do
Dairy products.
do
Canning and preserving
do
Bakery products
_
do
Beverages
do
Tobacco manufnctures
do
Textile-mill products
do
Broad-woven fabric mills
do
Knitting mills. _
do
Apparel and 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
Rubber products
do
Tires and inner tubes
do
Leather and leather products
__do
Footwear (except rubber) .
do
Nonmanufacturing 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
1ST on building construction
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
do
Tele°Tapht
do
Gas and electric utilities
do
Trade:
Wholesale trade
do
Retail trade (except eating and drinking
place5)*
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
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
_ do
Furniture and fixtures
do
Stone, clav, and glass products ...
do .__
Olass 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 _
...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
.
...do
Food and kindred products.. _ _ _ _ _
.do
Meat products
do
Dairy products
_ _-do
Canning arid preserving
do
Bakery products
. do
Beverages
,,do
r
Revised.
* Preliminary.
*New
fRevised series. See note "t" on p. S-13.




60.12
63.30
68.72
62.29
51.11
60.09
73. 50
43.69
52.22
51.19
48. 31

60.13
63.30
68.09
62.55
51.40
59.29
73. 41
43.88
51.32
49.48
48.16

58.71
62.80
67.78
62.24
50.44
60.25
73. 81
41.45
49.85
49.08
45.94

59.71
64.09
68.82
62. 95
49. 50
61. 57
76.95
45.40
50.78
49.42
46.86

60. 83
65. 34
69.91
65. 30
50. 62
62.27
78.68
46.74
51. 61
50. 37
47.23

61. 03
65.13
70.35
64.99
52.56
61.89
80.93
46.24
51. 78
51.02
47.80

61.68
63.67
69.39
63. 72
52.98
61.36
78.16
46.92
53.48
52.62
49.14

62.42
64.34
71.17
65.61
55. 13
61.89
76.89
47.01
54.55
53.76
49.71

62.62
64.74
72.70
64.11
54.75
'61.98
75.80
47.48
55.22
54. 85
50.59

47.56
51.67

47.36
52.63

43. 58
48.20

45.06
48.77

45.21
50.86

45. 72
49.54

48.12
54.16

48.47
55.27

48.15
54.51

39.02
54.78
66.57
71.68

39.34
53.14
67.48
72.93

38.02
47.81
65. 33
69.88

39.47
49. 43
66. 34
71.01

39.35
48. 79
67.71
72. 54

38.64
51.63
68. 39
74.17

40.13
54.70
69.36
73.99

40.61
53.94
71.08
75.72

77. 64
84.19
77.26
68.81
72.02
82.09
85. 63
73.31
85. 75
50.19
48. 52

79.06
84. 55
79. 55
69.18
72.54
82.09
85. 50
72. 58
83. 46
50. 46
49.15

78.23
85.02
78. 21
69.09
73.20
82.34
85. 68
71.40
81.90
48. 53
46.57

79.86
87.42
79.96
69 73
73. 67
75.22
76. 58
73. 47
84.96
48.90
46.63

80.16
87.32
80. 52
70. 65
74.07
84.95
87.83
75.01
87.79
50.04
47.74

79.93
86.64
80.64
70.29
74.68
88.05
90.82
72.15
84.22
50.01
47.80

80.83
86.89
80.20
70.68
75.13
87.31
90.37
73.65
85.29
52. 02
50. 50

79.25
68.97
80.27

80. 59
67.00
79.26

77.67
62.52
66.68

80. 45
74.69
70. 25

79.32
66.67
64.30

80.38
59.35
63.45

82.29
67.60
85.95
82.73
86.60

84.57
67.50
83. 51
79. 46
84. 57

83. 10
69.31
85.20
82. 43
85.92

81.93
70.74
85. 81
84.42
86.03

85.53
71.31
87. 35
86.72
87.50

73.52
59.83
70.90
72.82

74.89
59.29
71.02
73.28

74.31
53.92

76.17
60.60

73.24

66.13

66.62

50.98
37. 44
54.45
67.37

50. 90
37.20
54.87
67.74

63.67
67. 02
78. 40
65. 70
52. 08
61.81
' 77. 56
' 47. 75
'55.77
' 55. 42
' 49. 89

' 63. 16
' 66. 82
75.39
67.69
53.94
61.84
76.65
' 46. 36
' 54. 86
54.46
48.79

* 63. 16
P 65. 53

47.76
' 53. 77

' 48. 32
'55.05

' 48. 24
55.00

"48.97

41.69
51.73
71.79
76.42

Ml. 66
51. 61
' 72. 23
' 77. 39

' 41. 12
53. 53
' 72. 78
' 78. 00

39. 95
54.46
' 71. 93 P72.06
77.57

82.16
88.91
81.45
71.30
76.21
89.28
92.10
75.17
86.24
51. 26
48.73

81.67
88.93
81.57
71.60
76.94
88.06
90.81
75.61
86.04
51.15
47.91

'81.59
' 88. 68
'81.16
' 72. 27
' 78. 00
' 88. 60
' 92. 10
' 76. 82
' 87. 39
' 50. 84
' 47. 30

' 83. 66
'92.11
'83.89
' 72. 30
77.51
' 88. ?6
' 92. 06
' 79. 00
' 89. 96
'53.21
50.71

' 81. 70 P 82. 59
87.22
82.25
' 72. 05
"71.96
77.05
r
88. 47
» 87. 48
91.98
r
77. 82
89.14
r
53. 23 ' 53. 54
51.34

81.17
65.70
80.55

85. 40
76.73
87.91

84.35
71. 68
75. 68

' 84. 85
' 80. 73
' 86. 41

' 87. 10
' 85. 46
'91.36

87.12
70.97
87.76

85.85
70. 45
87.78
86.36
88.09

85.70
73.10
89.64
89.93
89.59

89.00
75.17
92.18
94.05
91.68

86.60
75.82
92.98
94.13
92.69

' 90. 35
' 72. 97
' 88. 15
' 85. 02
'89.11

'87.92
' 71. 90
'91. r
' 87. 02
' 92. 18

89.57
70.55
87.54
82.60
88.65

73. 46

76.91
60. 80
72.40
74.41

78.14
62.29
72.84
74.78

78.68
62.05
72.00
74.81

77.56
62.95
74.51
76.25

77.75
63.76
74.66
77.00

' 77. 62
'64.67
' 73. 83
' 78. 90

' 78. 48
' 63. 48
74.14
' 78. 48

76.91
63.62
73.77
78.29

66.49

66.94

67.59

67.80

68.13

68.70

69.23

' 69. 47

' 69. 82

69.63

50.97
37.04
55.16
69.28

51.68
37.91
55. 1 2
71.08

52. 85
38.80
56.68
71.71

53. 09
38.98
56. 96
70.91

53.00
38.84
56.94
69.61

52.30
37.66
56.32
70.65

52.29
37.51
56.17
71.73

'51.72
' 36. 67
56. 59
'71.57

'51.82
' 38. 18
56.55
' 71. 62

52.81
37. 57 — — _._,
56.85
72.03

' 62. 99
' 65. 96
' 76. 21
' 65. 37
' 48. 72
62.28
' 78. 05
' 46. 94
' 55. 11
'r 54. 76
50. 75

'
'
'
'

52.14

52. 30

52.03

52. 12

51.96

52. 44

52. 48

52.41

53.07

' 53. 42

' 53. 48

36,38
38.00
43.39

36.72
38.47
45. 22

36.76
39.00
46.41

36.72
39.54
47.20

36.72
38.73
44. 45

36.98
38.20
44.13

36.97
38.95
46.02

37.23
38.98
46.51

'37.35
' 38. 76
'44.91

' 38. 10
' 39. 30
' 46. 16

37.44
39.07
45.16

1.644
1.731
1.762

1. 656
1.746
1.780

1.655
.742
.775

1.658
1.746
1.790

1. 658
1.747
1.787

1.648
1. 733
1.786

1.669
1.768
1.807

1.696
1.810
1.865

1.705
1.819
1.848

' 1.719
' 1. 830
'1.826

1.732
1. 843
' 1. 848

' 1. 740
'1.848
' 1. 861

1.456
1. 458
1.452
1.591
1. 655
1.841

1.475
1.475
1.469
1.600
1.669
1.849

.502
.498
.465
.602
.675
.834

1.459
1.478
1.462
1.606
1.678
1.841

1.534
1.548
1.464
1.616
1.697
1. 830

1.543
1.544
1.453
1.615
1.701
1.820

1.580
1.595
1.461
1.631
1.712
1.925

1.589
1.607
1.486
1.656
1.746
1.993

1.567
1.588
1.495
1.673
1.757
1.982

' 1. 569
'1.584
' 1. 700
'1.817
' 1. 998

1.533
1.546
1. 519
1.701
1.806
2.011

1.886

1.892

1.876

1.884

1.923

1.911

2.034

2.122

2.074

' 2. 092

' 2. 101

2.154

1.759

1. 771

1.767

1.776

1.779

1.803

1. 843

1.866

1. 855

'1.868

1.871

~*

53.97

36.59
37. 96
43. 14

P 46. 51
P 54. 80

1.896

r 1. 508

P 1. 742
P 1.848
"1.887

' 1. 522
P 1. 519
1.534
' 1. 519 P 1. 521
' 1. 710 P 1. 709
1.834
' 2. 038
P 1. 982

1. 705

1.713

1.711

1.718

1. 716

1.700

1.732

1.768

1.785

' 1. 796

'1.815

' 1. 816

1.729
1. 828
1.681

1. 737
1.839
1.697

1.737
1. 837
1,696

1.741
1.843
1.697

1.744
1. 847
1.705

.728
.838
.702

1.753
1.849
1.708

1.780
1. 872
1.721

1.792
1.884
1.730

' 1. 797
' 1. 902
'1.733

' 1. 812
' 1. 924
1.739

1.803
' 1.927 "p"i."935' 1. 756
P 1. 779

1.914
1.976
1.852
1. 858
1. 887
1. 703
1,475

1.939
2.001
1.878
1.878
1.902
1.714
1.481

1.928
1.997
1.859
1.852
1.892
1.708
1.479

1.936
2.001
1.878
1.858
1.884
1.718
1.491

1.944
2.012
1.882
1.859
1.916
1. 730
1.489

.921
.987
.889
.846
.866
. 732
.484

1.945
2. 025
1.892
1.878
1.905
1.736
1.491

2.018
2.110
1.932
1.918
1.902
1.760
1.507

2.042
2. 141
1.944
1. 928
1.919
1.769
1.520

' 2. 047
' 2. 131
' 1.965
' 1.941
'1.921
' 1. 778
' 1. 532

'
'
'
'
'
'

' 2. 036
2.099
1.981
1.934
1.962
' 1. 781
' 1. 564

1.522
1.529
1. 660
1.419
1.331
1.448
1.806

1. 530
1.644
1.677
1.428
1. 349
1.446
1.817

1. 529
1.543
1.682
1.421
1.345
1.466
1.818

1. 531
1.548
1.691
1.421
1. 306
1.473
1.841

1.540
1.552
1.701
1. 432
1.308
1.472
1.860

.545
.547
.720
.441
.282
.477
. 882

1.542
1.538
1.726
1.445
1.318
1.468
1.888

1.545
1.521
1.719
1.471
1.282
1.477
1.880

1.550
1.545
1.731
1.467
1.329
1.490
1.867

'
'
'
'
'

' 1. 572
' 1. 592
' 1. 754
' 1. 500
'1.367
1.504
'1.901

series. Data beginning 1947 will be shown later.

JSee note marked "J" on p. S-ll.

1. 563
1. 578
1. 748
1. 489
1. 324
1.497
' 1. 899

2. 059
2. 146
1. 973
1. 957
1. 945
1. 791
1.551

P 1.823

* 2. 055

P 1. 787
P 1. 565

' 1. 583 p 1. 587
' 1. 618 p 1. 610
1.795
1.528
1.383
1.512
1.902

SURVEY OF CURRENT BUSINESS

April 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

S-15
1953

1952

February

March

May

April

June

July

August

September

October

November

December

January

February

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
Broad-woven fabric mills
do
Knitting mills
do
Apparel and 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
Rubber products
do
Tires and inner tubes
do
Leather and leather products
do
Footwear (except rubber)
do
Nonmanufacturing 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 (ENR):§
Common labor
dol per hr
Skilled labor
do
Farm wage rates, without board or room (quarterly) .
dol. perhr..
Railway wages (average, class I).- ._
do
Road-building wages, common labor...
do

1.184
1.346
1.333
1.278

1.199
1.347
1.330
1.274

1.198
1.340
1.323
1.269

1.198
1.347
1.332
1.270

1.211
1.344
1.336
1.256

1.220
1 345
1.339
1.258

1.200
1 347
1. 339
1.260

1.187
1 357
1.344
1.268

1.190
1.360
1.351
1.271

1.296
1. 489

1.287
1.491

1.245
1. 465

1.238
1.469

1.249
1.487

1.270
1.470

1.290
1. 496

1.296
1.5C6

1.284
1.510

1.069
1.505
1.570
1.644

1.072
1.468
1.584
1. 665

1.062
1.398
1.578
1. 656

1.061
1.373
1.587
1.667

1. 055
1.402
1.597
1.683

1.050
1.475
1.613
1.709

1. 056
1.511
1.613
1.697

1.063
1.511
1.634
1.721

1.069
1.478
1. 639
1.729

2.022
2.332
1.946
1.662
1.787

2.043
2.342
1.974
1.675
1.800

2.048
2.355
1.980
1.685
1.821

2.069
2.395
1.999
1.705
1.828

2.066
2.399
2.003
1.719
1.838

2.076
2.400
2.001
1.727
1.844

2.078
2.407
1.990
1.728
1.846

2.096
2. 436
2.011
1.718
1.868

' 1. 213
r
r

r 1.276

r 1. 230

' 1. 368
1.348
1.284
r

r 1. 292

1. 071
1.458
1.649
1. 743

r

1. 068
1.487
1.654
' 1. 745

1.074
1.517
'1.665
1.751

2.094
2.443
2.019
1.717
1.872

' 2. 092
r
2. 443
r
2. 019
1.729
' 1. 884

' 2. 118
f 2. 476
' 2. 051
r
1. 738
1.886

r 2. Ill

2. 161
2. 263
1. 869
2. 174
1.352
1. 303

' 2. 171
r
2. 273
r
1. 890
T
2. 205
' 1. 347
•• 1. 297

r

1.946
2 255
2. 434

r
r

r
r

r

2.012
2.104
1.810
2.112
1.297
1.257

2.017
2.111
1.801
2.097
1.304
1. 270

2.033
2.126
1.803
2.084
1.308
1. 269

2.022
2.145
1.814
2.103
1.311
1.267

2.082
2.174
1.834
2.136
1.310
1.263

2.132
2.226
1.822
2.116
1.299
1.248

2.140
2.248
1.814
2 106
1. 317
1.272

2.167
2 274
1.829
2 119
1.328
1.279

2.153
2.259
1.822
2.114
1.339
1.288

1.797
2.232
2.236

1.811
2.226
2.239

1.802
2.225
2.230

1.812
2.243
2.209

1.862
2 215
2.256

1. 865
2. 223
2.258

1.849
2 250
2. 225

1.902
2 250
2.260

1.904
2.233
2.343

r
r

2.017
1. 526
2.244
2.058
2.285

2.033
1.541
2.251
2. 064
2.292

2.022
1.547
2.242
2.071
2. 285

2.018
1.548
2.223
2.049
2.270

2.071
1.557
2 217
2. 055
2 261

2.094
1. 569
2.245
2.066
2.294

2.116
1. 596
2 281
2.121
2. 327

2.155
1.620
2 316
2 157
2 363

2.133
1. 634
2 348
2.184
2 395

1.581
1.554
1. 615
1.759

1.607
1.540
1.614
1.770

1.612
1.545

1. 624
1.566

1. 769

1. 783

1 633
1.559
1 627
1.806

1.666
1.585
1.626
1.802

1.674
1.591
1.618
1.807

1 686
1.614
1 749
1 833

1 694
1.639
1 765
1.851

1.637

1.649

1.658

1.657

1 669

1 670

1 678

1 688

1 701

1.281
1.043
1. 382
1.497

1.279
1.039
1.389
1.502

1.284
1.029
1.393
1.526

1.305
1.062
1.406
1.569

1.318
1 069
1.410
1. 583

1.314
1. 065
1.403
1.562

1.312
1 064
1.399
1.540

1.324
1 070
1 415
1.563

1,334
1 078
1. 433
1.580

.855
.928
1.084

.856
.929
1.082

.858
.936
1. 095

.863
.942
1.105

.862
.946
1 108

.866
.940
1. 103

.868
.941
1.095

872
.950
1 109

878
953
1 110

1.659
2.758 j

1.664
2.770

1.680
2.774

1 690
2.797

1 706
2.808

1.755
2.849

1 793
2.885

1 803
2 909

1 817
2 921

1.809

.83
1.7C8
1.38

1.802

I.82I

.87
1.835
1.41

i.ssl

1 858

450
539

454
550

454
565

!

' 1. 218
' 1. 367
' 1. 355

1.277
1. 502

r

1.830

1. 364
1. 352
1. 275

r

r

r
T
r
r

r

r
r
T
r
r

r
r
r
r

2. 177
1. 636
2. 357
2. 180
2 402

1 706
1 660
1 762
1 883

' 1. 492

r

T
r
r
r

r
T
r

r

r
r

1.311
1.511

2.450
2.036
1. 753
1.893
2. 179
2 271
1. 898
2 223
1. 351
1.303

1. 953
2 477
2. 510

v 1. 668
P 2. 134

f 1. 768
P 2. 176

f 1. 352

2.174
1 623
2 366
2 168
2 409

1 706
1. 636
1 761
1 882

p 1.313

1.989
2 499
2.472

2. 155
1. 623
2 367
2. 170
2 413

v 1. 237
P 1.370

1 713
1 644
1 769
1 873

1 707

1 707

1 715

1. 333
1 069
1.440
' 1. 587

'1.312
r
1 049
1.439
' 1. 574

1.354
1 089
1 454
1. 590

r
r

r

r

886
961
1 115

883
9,'0
1 115

1 817
2 937

1 817
2 937

1 817
2 942

.76
1 853
1.48

1 906

1 873

.89
1 873
1 31

449
591

478
675

492
539

487
504

490
511

414
775

433
725

2 221
1 102
1 078
23
421
697

408
696

386
720

883
.957
1 109

r

r

r

T

1 817
2 946

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

493
517

458
534

396
718

2,194
1,050
1,021
30
377
766

114, 114
45 375
68, 738

125, 269
50 180
75, 089

Federal Reserve banks, condition, end of month:
49, 323
Assets, total
mil. of dol
48, 590
Reserve bank credit outstanding, total. .. do
23,904
23, 270
Discounts and advances _
do
598
133
22, 528
United States Government securities. ..do
22, 514
Gold certificate reserves
do
21, 992
22, 115
49, 323
Liabilities, total
do
48, 590
Deposits total
do
20 746
21, 336
19, 982
Member-bank reserve balances
do
19, 733
Fxcess reserves (estimated) _ _
do_ _
728
492
24, 423
24, 371
Federal Reserve notes in circulation
do
48.1
49.0
Reserve ratio
nercent-.
r
Revised.
*> Preliminary.
fRevised series. See note "t" on p. S-13.
§Rates as of March 1, 1953: Common labor, $1.821; skilled labor, $2.949.




422
644

430
510

416
495

357
820

337
860

2,313
1,074
1,046
27
343
896

350
908

352
896

2,260
1 088
1 062
26
369
803

124, 664
52 057
72, 607

121 433
49 535
71, 898

129 870
54 922
74, 948

131 960
57 052
74, 908

110 578
43 166
67, 412

123 886
49 278
74,608

137 731
55 560
82, 171

115 497
44 746
70, 751

153 516
65 692
87, 824

132 786
52' 803
79, 983

117 276
46 319
70, 957

49, 213
23, 632
676
22, 363
22, 106
49, 213
21 175
19, 940
797
24, 332
48.6

49, 549
24, 152
952
22, 273
22 103
49, 549
21 412
19, 778
591
24, 567
48.1

48, 939
23, 551
59
22, 906
22 143
48, 939
20 559
19 381
— 192
24, 826
48.8

50,252
24, 821
1 270
22 853
22 146
50, 252
21 952
20 323
495
24. 843
47.3

50 406
25, 216
1 318
23 146
22 147
50,496
22 056
20 411
835
25, 119
46.9

50 479
24, 747
477
23 694
22 147
50, 479
21 455
20 066
319
25,215
47. H

51 341
25, 855
1 591
23' 575
22 140
51,341
22 273
20 616
620
25, 426
46.4

52 492
26, 740
1 895
23 821
22 145
52, 492
22 583
21 149
795
25, 949
45.fi

51 852
25, 825
156
24 697
21 986
51, 852
21 344
19 950
—570
26, 250
46.2

51 948
26, 478
1 735
23 944
21 790
51,948
22 515
20 611
614
25, 638
45. 3

51 493
26, 194
1 309
23 875
21 480
51,493
21 770
20 511
715
25, 681
45. 3

*New series. Data beginning 1947 will be shown later.

S-16

SURVEY OF CURRENT BUIS1NK3S

April 1953
1953

1952

Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

F

U

March

ary "

A

P

ril

Ma

>'

Jline

!

Jul

y

Se

August

m

^ "

November

October

December

February

January

FINANCE—Continued
B A N K I N G —Continued
I
I

Federal Reserve weekly reporting member banks,
condition, Wednesday nearest end of month:
Deposits:
Demand, adjusted .
_
.mil. of dol.-j
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 dol...;
States and political subdivisions
do
<
Interbank (demand and time')
do
j
Investments, total
- _ - do .
T
T . 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 (net) 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:

52,683 j

I

51, 162

52, 303

52, 863

51,708

52, 766

52, 275

52,317

53, 586

54, 392

54, 648

54, 799

53, 087

53, 646
3, 599
2,545 i
10. 205

51,729
3,710
3, 666
16,318

52, 913
4,070
3,184
16.383

53. 152
4,021
2.917 !
1 6, 509 i

52, 818
3, 705
6. 914
16,631

53, 189
3, 698
4,793
16,651

53, 253
3, 558
3,144
16, 706

53, 835
3, 515
3, 561
16. 829

54, 799
3, 561
3, 450
16,929 i

55, 454
3,559
3,784
16. 974

57, 523
3,746
3,517
17, 262

55, 379
3, 845 '•
2,337
17, 226

54, 627
3, 740
3. 271
17, 350

15. 275
761
11, 481
38. 833

15,385
764
12,042
38.316

15,444
767
10, 998
38, 563

1 5, 554
780 !
10.895 i
38,983 j

15,689
763
11,990
41,019

1 5, 687
779
11,274
40, 800

15.751 |
765
11,965
39, 503

i 5. 883
756
12,261
39, 093

1 6, 002
738 '
12,175
39, 747

16, 027
751
12, 492
40, 215

16, 303
758
13, 612
39, 812

16, 261 i
765 >
11,985
39, 054

16, 374
778
11, 799
38. 369

31, 892
3, 855
3,798 !
18, 286
5, 953
6,941
34, 693
21, 157
1, 077

31, 163
3, 415
3,611
18,220
5,917
7, 153
34, 795
21, 172
1,278

31,456
3, 624
3, 684
18,274
5, 874
7,107
34, 770
20, 796
1, 695

31,719
3, 544
3. 728
18, 524
5, 923
7, 2(54
34, 863
20. 530
1,885

33. 582
3, 734
3. 885
20. 016
5, 947
7. 437
36, 472
20. 567
2, 792

33, 267
3,313
3. 700
20. 288
5, 966
7. 533
35,315
20, 581
1,988

31,932
2,582
3,211
20. 149
5, 990
7, 571
35, 685
21 , 017
1,461

31, 579
2, 513
2, 617
20. 121
6, 32S
7,514
36, 680
21,671
1,416

32. 361
3.610
2, 433
20, 057
6,261
7, 386
37, 238
22, 274
1,437

32. 947
4,460
2, 445
19, 974
6,068
7,268
38, 051
22, 949
1, 606

32, 502
4,087
2,422
20, 004
5,989
7,310
38, 692
23, 206
1,995

31, 687 i
3, 644 '
2,413
19, 709
5, 921
7, 367 i
38, 287
22, 837
1, 536

31, 024
3. 097
2, 248
19, 829
5, 850
7. 345
38. 376
22. 697
1. 452

660
5, 652
691
5, 999

677
5, 657
540
6. 021

660
5, 674
438
6, 056

659
5, 690
463
6, 187

789
5, 726
759
6, 393

717
5, 764
386
6. 436

792
5. 824
614
6, 537

767
5, 890
826
6, 670

742
5, 945
618
6,784

725
5, 992
431
6,918

797
6. 005
149
7,127

790
6,031
478
7, 208

788
6. 057
707
7, 27«

1.75
2.73
4.17

3 45
3 23
3 47
3. 79
1.75
2.73
4. 17

1.75
2.73
4.17

" ~ T75
2.73
4. 17

3 51
3 27
3 46
3. 90
1.75
2.73
4.17

1.75
2.72
4. 17

1.75
2.71
4.17

3 49
3 29
3 44
3 84
1.75
2 71
117

1.75
2.71
4.17

1.75
2.71
4.17

3 51
3 33
3 49
3.84
1.75
2.71
4.17

2.00
2.71
4.17

2. 00
2. 71
4. 17

1 . 75
2.38
2.38
2. 56

1.75
2.38
2.38
2.56

1. 75
2.35
2.38
2. 56

2! 31
2.38
2. 56

1.75
2.31
2.38
2. 56

1.75
2.31
2.38
2. 56

1.75
2.31
2.57
2. 61

1.75
2.31
2. 63
2. 63

1.75
2.31
2.63
2.63

1.75
2.31
2.63
2.63

1.75
2.31
2. 63
2. 63

1.82
2. 31
2. 63
2. 63

l.SS
2. 31
2. 63
2 63

1 . 574
2.07

1.658
2.02

1.623
1.93

1.710
1.95

1.700
2.04

1.824
2.14

1.876
2.29

1.786
2.28

1. 783
2.26

1.862
2.25

2.126
2. 30

2.042
2. 39

2.018
2. 42

12, 267
' 2, 682

1 2, 382
2, 669

12.43S
2, 651

12,531
2, 633

12, 678
'2,618

12,730
2, 601

12,786
2, 586

12,896
2, 572

12,943
' 2, 562

13, 046
' 2, 555

13, 257
* 2, 542

13, 359
p 2. 535

13, 421
P 2. 524

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, 717
13,185
7,158
3,927

19, 565
13, 156
7,047
3,891

19, 788
13,319
7,099
3,946

20, 293
13, 806
7,421
4,171

20. 961
14, 409
7,820
4, 446

21, 213
14, 745
8,039
4, 597

21, 433
14, 939
8,149
4.634

21. 657
15, 193
8,339
4,708

22, 289 i
15,573 1
8, 653 !
4, 882

22, 798
15, 885
8,917
5,038

' 23, 952 P 23. 676 ! P 23. 521
' 16, 507 9 16, 538 i P 16, 689
r
P 9, 365 ! v 9, 460
9, 399
P 5, 309 \ P 5, 452
5, 205

1,082
909
567
673

1,060
893
548
655

1,064
894
541
654

1,101
924
551
674

1,132
954
588
700

1, 142
974
612
714

1, 166
995
625
729

1,217
1,013
648
753

1.278
1,045
666 i
782

1, 333
1,069
672
805

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

6,027
2,542
545
301
232

6, 109
2,593
553
303
235

6, 220
2,642
568
307
239

6,385
2.726
589
319
246

6, 589
2,838
614
330
254

6,706
2,892 I
631
341
259

6, 790
2, 931
647
346
263

6, 854
2,971
662
352
264

6, 920
3,011
677 !
359
266

956
1,275
176

963
1,285
177

983
1,302
179

1,004
1,320
181

1,024
1,346
183

1,032 I
1,366 !
185 i

1,039
1.377
187

1,044
1,375
186

!
!

3, 967
1, 448
1,117

3, 855
1,443
1, 111

3,913
1,437
1,119

3, 921
1,431
1,135

3.980 !
1,435
1.137

3, 891 i
1,443 !
1,134

3, 902
1, 456
1,136

Consumer instalment loans made during the month, t
by principal lending institutions:
Commercial banks
mil. of dol
Credit unions
-do
Industrial banks
do
Industrial-loan companies
do_ .
Small-loan companies
do

373
91
46
37
181

429
103
50
39
211

479
116
52
44
236

497
122
56
44
248

473
113
53 I
42
238

5,187
4,323
47
4,186
849
105

4,688
3,809
45
3, 663
828
152

10,220
9,796
45
9,147
845
183

i

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 II. S. Govt. securities:
^-month bills
do
3_5 year taxable issues
do
Savings deposits, balance to credit of depositors:
New York State savings banks
mil. of dol-.
T
T . 8. postal savin gs
do

1

CONSUMER CREDIT

Charge accounts
Single-payment loans
Service credit

-

FEDERAL GOVERNMENT
Budget receipts and expenditures:
Receipts total
Receipts, net
Customs
Income and employment taxes
Miscellaneous internal revenue
All other receipts

..

do
do
do

429 i
95
52
41
216

r

1, 457
1,147
709
T
881

P 1, 416 •
* 1, 103
" 684 :
P 853

6, 968
3, 039
683
361
268 j

7, 108
3, 093
698
365
273

P 7, 1 73
* 3. 135
v 701
p 3Gf
P 272

1,045 '
1, 376 i
186 I

1.046
1, 384
187

1,047
1, 439
193

" 1, 04f
» 1, 45fc

3, 848
1, 469
1.147

4, 075 i
1,488
1,153

4, 242
1,515
1. 156

' 4, 745
r
1,548
1. 152

418
105
50
41
211

423
105
51
39
196

449 j
113 \
55
45
209
!

4,585
4,050
47
3,546
862
130

6,875
6, 585
52
5,834
877
112

392
1
97
47 |
39
214

i

; v 3. w
v 708
v i>71
v 274

* 19-n

r 1,044
P 1. 445
p 193

^ 4. 397
p i, 57( ,
* 1, 162

v l. 607
v 1. 165

327

"445 i
f 104 I
pfr !
Ml
P 191

p 426
P 106
PM
p 3H
p 191

6, 350
6,003
51
5,02^
939
336

5, 232
5, 061
5! !
4.131
84$ ;
201

6, 300
5, 479
43
5, 294
856

7, 124
1, 146
386
4, 081
1,511

5, 73'
23f
354

5. 595

465
119
61

48

P 4 (>M)

FINANCE
mil of dol
..- - - do
do
do
do
do

6,194
5. 553
43
5,258
805
88

10, 800
9,886
44
9,816
825
115

|

1

3,649
3,316
48
2,464
949
188

3,355
3,099
65
2, 227
923
139

4,731
4,151
44
3,624
888
175

6,383 i
6.742 !
6,070
5,018
6,016 !
5, 659 !
6, 930
5, 161 1
5,704
5,105
Expenditures total
do
572
559
320
183
172
1,518
185 i
350
142
689
Interest on public debt
do__ .
363
362
353
401 !
'362 i
'365
354
'371
399
'407
Veterans Administration $
do
r
4,008 i
3, 723
3, 884
2, 971
3,302 !
' 3, 788 ' 3, 683
i
3, 771
' 3, 146
' 3, 414
National defense and related activities}: do
1,725
1,502
1,150
2,137
1, 319
' 1, 365
'1,194
' 1, 524
1,337 i
"1.418
All other exnenditures i.
- _ .__do
r
l
Revised.
» Preliminary.
Beginning January 1, 1953, includes 2^/i percent bond of March 15,1956-58, and 2% percent bond of June 15, 1958.
cfFor bond yields see p. S-19.
{Revisions for July 1950-January 1952 will be shown later.




v I , 391
v 1. 093
v 689
P 835

3,63:;>
1, 5U»

107
311
349
3. 501
1, 434

SURVEY OF CURRENT BUSINESS

April 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

S-17
1953

1952

February

March

April

May

June

July

August

September

October

November

December

January

February

262. 682
260, 577
222, 216
38. 360
2,105

264, 919
262. 820
224, 430
38, 390
2.099

267, 432
265, 345
226, 557
38, 788
2,087

267, 301
265, 293
226, 143
39, 150
2,098

267, 402
265, 323
226, 226
39, 097
2,079

267, 584
265, 489
226, 187
39, 302
2,094

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-_
N on interest bearing
do
Obligations guaranteed by U. S. Government,
end of month
_
mil. of dol
U. S. Savings bonds:
Amount outstanding, end of month
do
Sales, series E through K
_ do_ ..
Redemptions
do

260, 362
258,136
221.776
36, 360
2,226

258,084
255, 794
219, 301
36, 493
2,290

258, 292
256, 102
219, 356
36, 746
2,191

259, 905
257, 739
220, 540
37, 198
2,167

259, 105
256, 863
219,124
37, 739
2,242

263, 073
260, 908
222, 963
37, 945
2,165

263, 186
261,060
222, 753
38, 307
2,125

37

41

44

45

46

34

39

40

45

51

54

48

50

57, 821
338
410

57, 814
330
428

57, 772
313
437

57, 739
292
422

57, 807
364
431

57, 827
367
467

57, 868
356
399

57, 871
330
416

57, 903
347
398

57, 958
303
346

58, 046
375
422

58, 237
504
435

58, 368
414
368

Government corporations and credit agencies:
Assets, except interagency, 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
U S Government securities
do
Other securities
do
Land, structures, and equipment
do
All other assets
do

26, 858
14, 422
4. 239
2, 363
98
473
0)
597
6, 096
731
1,322
2,422
3,451
3, 406
1,835

27, 933
15, 913
4 058
2,387
85
464
0)
653
2
7, 61 7
801
1,350
2, 364
3,438
3, 186
1,683

28, 922
16, 890
4 563
2, 437
84
480
716
7,826
933
1, 377
2, 371
3 436
3,212
1 636

29 945
17, 82S
5 070
2 603
82
516
(0
864
7, 7,<)6
1 095
1, 280
2 421
3 429
3,213
1 775

0)

Liabilities except interagency, total
Bonds, notes, and debentures:
Guaranteed by the United States
Other
Other liabilities

do

2,499

2,472

2,774

3, 111

do
do
do.

38
1,214
1,247

44
1,228
1,200

39
1,301
1,434

53
1 3?0
1 728

Privately owned interest
U. S Government interest

do
do

349
24, 010

357
25, 104

367
25, 780

378
26, 456

Reconstruction Finance Corporation, loans and
securities (at cost) outstanding, end of month,
totalcf
-mil. of dol__
Industrial and commercial enterprises, including
national defensed71
mil. of dol
Financial institutions
do
Railroads
__
_
do
States, territories, and political subdivisions.do
Republic of the Philippines
do
Mortgages purchased
do
0 ther loan s
__.
d o , ..

803

800

795

778

754

751

753

789

787

790

793

786

786

433
76
96
18
57
77
45

432
73
96
19
57
77
46

430
71
95
19
57
76
46

420
68
95
16
57
76
46

425
55
83
16
54
75
46

424
54
82
16
54
74
47

427
53
82
16
64
74
47

444
53
82
16
54
73
47

458
51
82
22
54
73
47

464
50
80
22
54
72
47

472
47
80
22
54
72
47

469
47
80
22
51
71
46

472
46
77
22
51
71
47

68, 907
61. 734

69, 250
62, 125

69, 604
62, 500

69, 959
62, 789

70. 334
63, 083

70, 774
63, 590

71, 123
63, 855

71,578
64, 205

72, 034
64, 665

72, 415
65, 010

73, 034
65, 332

73, 621
65, 948

73,943
66, 269

60, 960
'38.419
11,746
T
9, 545
r
10, 954
r
3, 200
r
12, 519
••855
* 16, 392
1,375
r
15,017
' 2, 227
' 1, 447
r
1. 620

60, 938
38, 385
11, 588
9,436
10, 909
3.182
12, 706
785
16, 459
1,388
15, 071
2,217
1,464
1,628

61, 237
38, 587
11. 546
9,409
10, 961
3, 185
12, 895
773
16. 583
1,406
15, 176
2,226
1,471
1, 597

61, 547
38, 692
11, 275
9,151
11, 030
3, 196
13, 190
780
16, 719
1,423
15, 296
2, 236
1, 483
1,637

61, 857
38, 780
11. 096
8,989
11. 066
3, 238
13, 380
847
16, 852
1,439
15, 413
2,246
1,498
1, 633

62, 201
39, 079
11, 134
9.007
11, 109
3, 251
13, 585
750
16, 976
1.454
15, 521
2, 254
1,510
1,634

62, 495
39, 184
11,131
9,025
11,184
3,253
13,615
758
17, 082
1,463
15,619
2,262
1, 520
1,688

62, 808
39, 310
11,127
9,044
11,212
3,281
13, 690
820
17, 188
1, 471
15,717
2,270
1,526
1,694

63, 159
39, 565
10, 924
8,887
11,346
3. 301
13. 994
803
17, 311
1,481
15, 830
2,276
1,540
1,664

63, 479
39, 757
10. 967
8, 935
11, 362
3.314
14, 115
767
17,411
1,490
15,921
2,280
1.550
1, 714

64, 092
39, 915
10, 867
8, 837
11,409
3,336
14, 304
872
17, 583
1, 503
16, 080
2,284
1, 655
1,784

64, 797
40, 473
10, 984
8,926
11, 552
3,397
14, 541
827
17, 774
1, 512
16, 262
2, 310
1, 658
1,756

65, 084
40, 630
10, 983
8,908
11.610
3, 402
14, 634
775
17. 894
1,524
16, 370
2,318
1,663
1, 804

2,495
246
530
1,719
113
384
363
144
207
72
178
69
190

2,571
339
497
1, 735
115
406
367
142
209
69
168
63
197

2,803
582
537
1,684
111
388
349
147
205
67
161
64
191

2,589
442
464
1, 683
113
382
355
148
203
69
161
60
192

2, 442
351
420
1,671
115

2.319
312
442
1,565
99
334
336
141
190
64
154
61
187

2,504
440
470
1,594
104
347
340
140
199
67
156
59
182

2,661
346
499
1,816
122
411
384
160
219
77
162
68
212

2. 516
373
474
1,669
113
398
356
136
199
71
150
61
184

3, 319
950
421
1,948
124
426
429
172
230
84
174
78
230

2, 350
252
432
1, 666
124
424
358
137
177
63
151
50
182

2, 617
402
513
1. 702
117
412
371
140
193
67
356
56
191

417, 402
168, 314
40, 498
9,244
28, 870
53, 198
117, 278

399, 041
169, 068
42, 909
9,851
42, 973
53, 217
81, 023

343, 743
158, 593
37, 059
8, 362
32, 946
49, 000
57. 783

LIFE INSURANCE
Assets, admitted:
All companies (Institute of Life Insurance), estimated total!
mil. ofdoL
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 utilitv
do
Railroad
__ .
do
Othpr
-do
Cash
do
Mortgage loans, total
do
Farm
do
Other
.do
Policy loans and premium notes
do
Real-estate holdings _ __
_
do _ _
Other admitted assets
do
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance):
Value, estimated total§ - _ .--mil. of dol
Group and wholesale!
do
Industrial!
do
Ordinary, 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

r

r

2.179
244
454
1,481
99
329
333
129
179
61 l
140
53
160

358
14S
198
67
156
62
189

Institute of Life Insurance:
Payments to policyholders and beneficiaries,
336. 714
estimated total
thous of dol
329, 638
344, 261
366. 424
339, 822
338, 501
318, 461 322, 636
339, 557
304, 060
150, 656
Death claim payments
do
155, 851
148, 934
149. 388
154, 506
148, 980
145, 944
154, 860
146,410
141.626
37, 479
38, 984
41, 738
38, 111
Matured endowments
do
35, 126
33, 809
39, 1 1 1 32, 337
31, 584
34, 400
8,273
8,367
Disability payments
do
8,351
8, 666
8, 651
8,845
8,229
9,220
8,253
7,874
29, 175
Annuity payments
_
do
28. 819
30. 826
30, 671
31, 177
31, 200
29, 886
31, 605
28, 532
28, 595
55, 895
Surrender values
do
50,648
58. 473
57, 169
50, 453
52, 947
47, 978
52, 916
48, 768
45,127
55, 142
Policy dividends
_
do
58, 952
53, 980
72, 489
65, 435
57, 194
54, 840
51, 845
56, 273
48. 501
p
J
2
Revised.
Less than $500,000.
Beginnin g June 30, 1952, outst anding loa ns of the IVlutual Sec irity Agen cy are incl Lided.
cflncludes loans under the Defense Production 1let of 1950.
^Revisions for January-July 1950 are shown in cc>rrespondirig note in t he Octobe r 1951 SUR-I/EY.
§Revisions, available upon request, are as follow s: Total in surance wiBitten, Jamlary 1949-J anuary 19..il; group, J anuary 19£ 0-January 1951; indu stria I, 1949




SURVEY OF CURRENT BUSINESS

S-18

1952

Unless otherwise stated, statistics through

1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

April 1953

F

u

^ -

March

April

May

June

July

1953
August

Se

^rm-

October

No

™rm-

»™™-

January

*etan-

FINANCE— Continued
LIFE INSURANCE—Continued
Life Insurance Association of America:
Premium income (39 cos.), total. _ -thous. of doL. i' 540, 911
i ' 58, 724
Accident and health
do
i 72, 425
Annuities
..
_
_„
do
i ' 47, 043
Group
do
1r
67, 351
Industrial
do _
i' 295, 368
Ordinary
_ _._ do

58, 661 ' 511, 473 ' 574, 046 ' 608, 373 ' 539, 924' 551, 521' 594, 231 555, 400' 554, 748 847, 255
'
)3, 996 r
'61,638 r 65, 612 r 61, 000 r 62, 594 r 65, 472 ' 66, 402 ' 67, 052 ' 70, 958 89, 441
54, 349
64, 680 ' 65, 349 ' 70, 838 ' 85, 732 r 66, 852
69. 008 ' 76, 979 67, 806
173, 680
52, 221
43, 687
>2, 941 r 46, 677 r 46, 683 r 46, 791
47, 491
66, 567
47, 442
46, 061
85, 525 ' 88, 711 ' 56, 801 r 79, 894 ' 85, 313 ' 71, 553r 68, 809 107,251
62, 142
58, 051
9,324 ' 276, 336 ' 310, 877 ' 341, 033 ' 282, 576 ' 295, 616 326, 017 292, 374 301,114 410, 316

606. 446
79, 568
100, 351
70, 794
71, 220
284, 513

615, 102
66, 738
81, 624
48, 531
75, 359
342, 850

MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U. S
mil. of dol
Net release from earmark§
thous. of doL.
Exports
do
Imports
do
Production, reported monthly total
do
Africa
do
Canada _
-do
United States
do
Silver:
Exports
do
Imports
-_
do
Price at New York
dol per fine oz
Production:
Canada
_._
_thous. of fine oz._
Mexico
do
United States
do...
Money supply:
Currency in circulation ..
mil. ofdoL.
Deposits and currency, total
_do__~_
Foreign banks deposits, net
do
U R. Government balances
- do .,
Deposits (adjusted) and currency, total. ..do
Demand deposits, adjusted
do
Time deposits
_- ..
do
Currency outside banks
do
Turn-over of demand deposits except interbank and
U. S. Government, annual rate:
New York City
ratio of debits to deposits..
Other leading cities
._ -do_ _

23, 190
152, 219
17, 805

23,290
)3, 092
1,473
)8, 600
)3 285
58, 830
L2 765
4,647

23, 297
-75,357
1,313
97, 932
63 319
38, 557
12 710
4,961

23, 296
27,084
2,824
30, 060
66 202
40, 033
12 806
5,147

6,177
.880

142
8,126
.880

587
4,678
.880

1,535
4,680
.854

2,016
2,605
3,430

2 081
5,318
3,854

2 529
4,768
4,043

2,273
3,199
3,273

168, 129
61, 024
36, 602
12, 343
4,848

513

28, 465
191, 500
2,200
5, 900
183, 400
95, 700
62, 000
25, 600

32.5
21.4

28, 473
32, 300
2,200
7,100
*2, 900
M, 800
32, 400
25, 700

34.0
22.0

23, 342
23, 346
23, 350
23, 344
23,337 '23,186
22. 662
23, 339
22, 986
19, 266 -31, 394 -32, 620 —13, 776 -92, 430 -29, 004 -263, 189 -171, 747 -324. 127
3,445
2,861
1,244
3,813
1,580
1,580
5,587
2,988
3,867
1,872
40, 051
34,590
13, 697
1,827
26, 047
5,947
86, 465
1,653

39,886
13 062
6,403

39, 673
'13 028
6,498

39,411
13 408
6,212

215
5,038
.828

236
5,733
.829

216
4,877
.833

1 882
3, 976
3,292

1 809
3,858
3,307

2 220
2,921
2,272

38, 739
!2 569
5,461

r

28, 464
192, 200
2,200
6,300
183, 800
95, 100
62, 700
25, 900

28, 767
192. 900
2,300
6,300
184, 400
95, 300
63, 000
26, 000

29, 026
194, 960
2, 319
7,737
184, 904
94, 754
63, 676
26, 474

34.4
21.1

34.3
21.3

38.6
22.2

28, 978
P 197, 200
p 2, 600
P 8, 900
P 185, 800
P 95, 700
P 63, 800
P 26, 200

35.1
20.7

29, 293
p 197, 000
P 2, 600
P 8, 200
P 186, 200
P 95, 800
P 64, 100
P 26, 300

31.4
20.2

40 114
14 122
6,769

38,978
13 600
6,031

38, 958
13 697
5,883

13 043
4,485

4,340

382
4,499
.833

411
7,778
.833

258
5,009
.833

270
4,578
.833

1,318
10, 905
.845

506
7,272
.853

1, 787
3,107
3,235

1 854
9 525
3,682

' 2,428
3,877
2,998

2,521
3,863
3,093

2 459

29, 419
p 197, 900
P 2, 500
P 8, 100
p 187, 400
P 96, 400
P 64, 500
P 26, 600

29, 644
P 199, 900
P 2, 500
P 7, 200
p 190, 200
P 98, 600
P 64, 900
P 26, 700

34.6
21.5

34.4
21.3

30, 236
P 202, 700
P2, 500
P 8, 600
P 191, 600
p 99, 400
P 64, 800
p 27, 400

36.3
22.8

30, 433
P 203, 800
p 2, 400
P6,900
p 194, 500
p 101, 200
P 65, 700
p 27, 500

3,362

3,112

29, 793
29, 691
P 202, 000 p 200, 900
p 2, 200
P 2, 400
p 7, 100
P 6, 300
P 193, 300 IP 191, 600
P 100, 500 p 98, 300
P 66, 000 p 66, 300
p 26, 800 p 26, 900

41.9
23.1

36.2
22. C

35.7
22.2

1,619

1.463

PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Federal Reserve) :t
Profits after taxes, total (200 corps.) ....mil. of dol. _
Durable goods total (106 corps )
do
Primary metals and products (39 corps ) do
Machinery (27 corps )
do
Automobiles and eouipment (15 corps ) do
Nondurable goods, total (94 corps.)
do
Food and kindred products (28 corps.). -do
Chemicalsandallifdproducts(26corps ) do
Petroleum refining (14 corps )
do

815
501
220
81
170
314
40
108
129
482
273
210
257

Dividends total (200 corps )
do
Durable goods (106 corps )
do
Nondurable goods (94 corps.)
do
Electric utilities, profits after taxes (Fed. Res.)j
mil of dol
Railways and telephone cos. (see p. S-23).

624
338
29
80
191
287
42
105
111

108
115

927
580
217
128
191
347
45
128
133

476
270
206

475
270
205

547
305
242

214

207

244

'678
370
r

^g

r

90
' 143
308
r
r

' 48

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.->-

855
697
667
346
36
285
30
158
158
74
76
8

1,220
1 139
994
812
38
144
145
81
81
13
63
4

1,576
1,273
1,237
704
80
452
36
3C3
299
40
257
2

2

1,584
1, 278
1, 109
677
56
376
119
306
306
151
144
11

1,409
1 251
1,239
587
38
615
11
158
155
3
141
11

1,519
1,393
1,381
1,137
20
224
12
126
126
50
74
2

810
461
461
202
56
203
0
349
349
153
188
7

962
808
800
363
0
437
9
154
154
72
79
2

1 381
a 1 225
1 157
852

o

305
8
156
156
80
72
4

873
629
601
292
130
179
28
244
244
23
172
49

Securities and Exchange Commission:^
6,441
1,649
2,494
1,175
1,698
2,336
2,452
1,339
2,137
Estimated gross proceeds, total . _ _
do .
2,046
1, 135
By type of security:
6,251
1,534
1, 425
1,095
2, 139
1,257
2,248
2, 255
1,896
1,869
1,067
Bonds and notes, total
_„
do ._
314
771
348
870
652
381
748
1,309
725
979
343
Corporate
do
154
163
135
157
161
50
45
112
48
Common stock
do _ _
1,170
181
61
82
84
33
63
29
37
10
21
Preferred stock
do
8
59
By type of issuer:
972
478
967
1,116
1,309
428
463
848
1,156
966
412
Corporate total
do
135
291 j
373
353
291
570
187
356
659
198
338
Manufacturing do
112 J
107
400
271
281
355
171
256
349
48
220
Public utility
do
29
12
34
46
120
52
12
95
15
Railroad
do _
27
58
22
3
26
495
6
48
29
19
27
97
49
Communication-..
._
do
20
13
57
14
40
70
69
26
51
60
Real estate and financial
_
do
54
1,220
747
5,132
677
1,368
1,378
1,603
876
1,171
890
724
Noncorporate, total
__.do
722
967
928
544
978
4,898
444
515
480
531
547
U. S Government
do
222
145
397
396
624
226
428
201
294
219
389
State and munlclDal..do
r
Revised.
p Preliminary.
i Revisions for January 1952 (thous. dol.): Total, 549,283; accident and health, 53,764; annuities, 90,145; group, 60,105; insudtrial, 64,561;
^Includes International Bank securities not shown separately.
§Or increase in earmarked gold (—).
{Revisions for 1939—1st quarter of 1951 for manufacturing corporations and electric utilities and for January-March 1951 for SEC data will be shown later.




1,298
1,447
457
351
123
116 1
56 i
42
622
522
152
135
255
249
40
50
7
3
65
80
841
1,096
611
494
347
376
ordinary, 280,708.

SURVEY OF CURRENT BUSINESS

April 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Surrey

S-19

1952
February

March

April

May

June

1953

July

August

Septem-

October

November

December

January

February

FINANCE—Continued
SECURITIES ISSUED—Continued

Securities and Exchange Commission^— Continued
New corporate security issues:
469
Estimated net proceeds, total
mil. of dol_.
Proposed uses of proceeds:
413
New money, total
do _
278
Plant and equipmentdo
134
"Working capital
do
49
Retirement of debt and stock, total, -do
35
Funded debt
do
13
Other debt
do
1
Preferred stock
do
7
Other purposes
do
Proposed uses by major groups:
285
Manufacturing total
do
238
New money
__do_ __
43
Retirement of debt and stock
do
110
Public utility, total
- do
107
New monev
do
3
Retirement of debt and stock
do
29
Railroad, total
_
do
29
New money
do
0
Retirement of debt and stock-- __do __
3
Communication total
do
3
New money
_.do __
0
Retirement of debt and stock
do
13
Re^l estate and financial, total
_-do _
12
New money
do
0)
Retirement of debt and stock
do
State and municipal issues (Bond Buyer) :
Long-term
_
thous. of dol_. 303, 614
156, 037
Short-term
_
do

954

951

1,097

836

1,290

420

456

1,141

406

955

513

610

875
655
221
60
15
45
0)
19

844
613
232
83
9
70
3
24

925
735
189
163
126
38
0
9

747
553
194
84
38
46
0
5

1,234
1.053
180
48
34
14
0
8

280
215
65
130
119
5
5
10

386
288
98
63
45
14
3
7

875
615
260
255
91
161
3

332
226
106
47
31
11
5
27

859
742
117
58
31
26
1
38

466
379
87
42
18
22
2
5

554
368
186
50
29
20
1
7

366
336
20
393
365
28
12
12
0
6
6
0)
20
15
2

350
329
15
265
256
7
34
34
0
47
45
3
56
55
0

559
502
56
276
256
20
119
41
78
26
26
0
40
34
5

287
255
31
349
331
17
51
16
35
29
29
0
70
68
0

351
329
21
250
248
1
46
46
0
493
493
0
68
41
24

132
89
36
105
102
3
94
10
85
22
22
0
14
9
4

185
131
53
168
165
0
12
12
0
18
18
0)
25
16
8

650
505
137
345
232
114
15
13
1
26
26
1
57
57
(i)

196
149
27
48
48
0
27
15
12
49
47
1
53
44

o

334
263
39
217
215
2
57
42
15
97
96
(0
51
49
1

132
115
15
246
240
6
39
26
14
3
3
0
64
62
1

148
131
14
251
248
3
49
31
18
7
7
0
79
78
0

160, 618
200, 194

456, 005
172, 674

406, 484
232, 726

637, 232
120, 022

245, 344
266, 630

211, 533
232, 288

473, 750
96,518

309, 105
161, 739

229, 897
24, 376

403, 043
292, 085

' 391, 872
r
294, 085

347,372
110, 323

220
304

191
286

219
364

198
286

229
378

233
461

233
349

210
250

257
229

226
265

288
291

230
254

262
304

1,280
790
652

1,293
756
734

1,315
756
818

1,312
725
847

365
1,327
708
912

1,387
692
1, 126

1,338
675
926

1,333
692
891

1,316
692
860

1,347
706
878

343
1,362
724
920

1,345
732
907

1,350
730
871

97.83
98.30
73.39

98.26
98.75
73.07

98.87
99.36
73.75

98.82
99.31
73.70

98.61
99.10
73.69

98.43
98.88
75. 52

98.14
98. 57
76.12

97.46
97.87
76.11

98.05
98.50
75.32

98.19
98.62
75.97

97.81
98.25
75.84

97.66
98.09
75.50

97.15
97 56
75.81

116.5
132.1
96.77

115.9
131.4
96.87

116.2
1C2.7
2 97. 95

116.3
131.9
98.91

116.1
130.9
98.32

116.0
130.4
98.40

115.8
128.6
97.09

115.7
126.6
96.86

114.7
125.0
96.44

115.2
125.4
96.96

115.3
125.3
96.37

114.5
124.0
95.77

114.0
122.8
95 28

51, 332
61, 626

51, 113
59, 745

59, 014
71, 124

61, 104
72, 093

52, 964
62, 057

51, 585
58, 329

100 320
101, 867

56, 237
61, 325

76 955
85, 250

73,183
83, 953

94 402
105, 865

75 146
85 722

70 039
76 831

49, 298
58, 610

49, 640
57, 821

57, 456
67, 299

59, 632
69, 663

51, 432
59, 968

50, 210
56, 686

98, 416
99, 742

54, 113
58, 855

74, 892
82, 455

71, 599
81, 988

92,009
102, 843

73 014
82, 187

68 483
74,823

49, 109
0
49, 109
42, 912
6,174

58, 123
30
58, 093
52, 190
5,858

61, 624
0
61, 624
55, 621
5,918

59, 323
0
59, 323
53, 321
5,933

62, 055
0
62, 055
55, 580
6,410

62, 242
0
62, 242
55, 573
6,544

59, 136
0
59, 136
52, 793
6,269

61, 127
0
61, 127
53, 624
7,395

69, 082
25
69, 057
61, 194
7,777

78, 042
26
78, 016
71, 608
6,341

86, 042
45
85, 997
79, 101
6,819

80, 397

60, 288

80, 397
73, 417
6,912

60,288
52 940
7 324

96, 158
94, 431
1,344
98, 292
96, 060
1,832

96, 699
94, 978
1,338
98, 415
96, 183
1,831

97, 355
95, 625
1,347
98, 466
96, 239
1,827

97, 311
95, 583
1,345
98, 474
96, 249
1,825

95, 964
94, 238
1,343
97,315
95, 092
1,823

100, 273
98, 401
1,439
101, 871
99, 516
1,905

100, 537
98. 656
1,448
102, 444
100, 091
1,902

99, 712
97,838
1,447
102,315
99, 963
1,902

100, 349
98, 494
1,430
102, 341
99, 993
1,898

100, 551
98, 621
1,440
102, 405
99, 999
1,896

100. 256
98, 276
1,492
102, 502
100, 025
1, 967

100, 116
98, 200
1,428
102, 510
100, 109
1,891

100, 117
98, 211
1 432
103, 055
100 666
1 890

3.18

3.19

3.16

3.16

3.17

3.17

3.18

3.19

3.22

3.20

3.19

3.22

3.26

2.93
3.01
3.25
3.53

2.96
3.03
3.24
3.51

2.93
3.01
3.20
3.50

2.93
3.00
3.20
3.49

2.94
3.03
3.20
3.50

2.95
3.04
3.19
3.50

2.94
3.06
3.21
3.51

2.95
3.07
3.22
3.52

3.01
3.08
3.24
3.54

2.98
3.06
3.24
3.53

2 97
3. 05
3.22
3.51

3 02
3.09
3.25
3.51

3 07
3 14
3 30
3 53

2.97
3.19
3.38

2.99
3.21
3.36

2.97
3.19
3.32

2.97
3.19
3.31

2.98
3.20
3.32

2.99
3.20
3.33

3.00
3.20
3.34

3.02
3.20
3.36

3 05
3.22
3.39

3.05
3.19
3.37

3 04
3.19
3.34

3 07
3 23
3.36

3 11
3 29
3 39

2.07
2.04
2.71

2.05
2.07
2.70

2.03
2.01
22.64

2.10

2.15
2.10
2.61

2.15
2.12
2.61

2 28
2.22
2.70

2 34
2.33
2.71

2 38
2.42
2.74

2 37
2.40
2.71

2 38
2.40
2.75

2 46
2.47
2.80

2 53
2.54
2.83

H

COMMODITY MARKETS
Volume of trading in grain futures:
Corn
Wheat

mil. of bu__
do

SECURITY MARKETS
Brokers9 Balances (N. Y. S. E. Members
Carrying Margin Accounts)

Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances
.Money oorrowed

mil of dol
__do
do
__
do

Bonds

Prices:
Average price of all listed bonds (N. Y. S. E.),
total§
_ dollars..
Domestic
do
Foreign
_
do
Standard and Poor's Corporation:
Industrial, utility, and railroad (Al+issues):
Composite (17 bonds)
dol. per $100 bond..
Domestic municipal ( 15 bonds)
do__ _
TJ S Treasury bonds, taxable
do
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 U. S. Government, total §
do
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
Standard and Poor's Corp. (15 bonds).. .do
U. S. Treasury bonds, taxable
do

:

2.05

2.57

o

o

T
Revised.
1 Less than $500,000. 2 Beginning April 1,1952, series based on taxable bonds due or callable in 12 years and over; prior thereto, 15 years and over.
{Revisions for January-March 1951 will be shown later.
§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.




SUKYEY OF CUKEENT BUSINESS

S-20
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

April 1953

1952
February

March

April

May

June

July

1953
August

September

October

November

December

January

February

FINANCE—Continued
SECURITY MARKETS—Continued
Stocks

Cash dividend payments publicly reported :J
Total dividend payments
mil. of dol__
Finance
do
Manufacturing
do
Mining
_ __
do
Public utilities:
Communications
do
Heat light and power
do
Railroad
do._ Trade
do
Miscellaneous
do
Dividend rates, prices, yields, and earnings, 200
common stocks (Moody's) :
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

' 181. 1 ' 1, 202. 7
••41.9
'75.7
'- 808. 2
'64.7
••89.6
2.3
'.8
46.6
'7.0
r
14.8
••3.0

r

'39.2
'74.9
' 50. 7
'38.4
'26.0

' 540. 0
'95.3
' 196. 5
'7.9

' 234. 7 ' 1, 178. 1
'45.2
'80.9
' 116. 7
' 761. 4
'3.7
'89.7

'90.1
'60.2
24.1
53.9
'12.0

.8
'50.1
3.3
' 10.5
'4.4

'43.0
'76.5
'56.0
'45.7
'24.9

' 546. 7
' 128. 6
' 199. 2
'6.7

' 231. 5 ' 1, 166. 6
' 51 0 '78 2
' 105. 5
'763 5
O 0
' 87. 9

'89.8
' 58. 7
'12.2
'38.6
' 12.9

.8
'49 7
6.4
' 10 3
'4.5

'46.9
'76 8
42.4
'47 2
'23.6

' 540. 5
' 105 2
'203 5
'8.0

'95.0
'60 9
' 14 6
r 40 3

' 13 0

' 253. 0 '
'64 7
' 115 2'
2.1

'1.0
'52 2
2 9
'8 1
68

548 1
125 6
170 5
5.0

181 3
44 9
65 0
2.9

7
6
4
2
6

95 7
64 3
18 2
57 0
11 8

.9
42 0
69
15 5
3.2

1, 736 1
' 195 2
1 045 5
' 141. 9
'49
'92
88
'79
'43

3.92
4.18
1.89
2.64
2.64
2. 84

3.92
4.19
1.91
2.65
2.60
2. 84

3.94
4.21
1.91
2.65
2.60
2.84

3.95
4.22
1.91
2.67
2.63
2.84

3.96
4.22
1.91
2.69
2.64
2.88

3.96
4.22
1.91
2.69
2.64
2.88

3.96
4.22
1.92
2.71
2.64
2.87

3.95
4.20
1.92
2.81
2.68
2.87

3.95
4.18
1 92
2.85
2 68
2.88

3.93
4.17
1 92
2.87
2 66
2.98

3.93
4.16
1.92
2.87
2.75
2.98

3.95
4.16
1.93
2.88
2.84
2.99

3.95
4.16
1.94
2.91
2.86
3.01

68.39
72. 00
34. 41
41.59

71.35
75. 63
34.73
45.28

68. 29
71.73
33.97
43.80

69.96
73.59
34.57
45.49

72.61
77.01
34.65
47.68

73.47
78.01
35.09
47.97

72.57
76.52
36. 15
47.70

71.09
74.58
36.34
46.57

71.02
74 35
36.25
46.43

74.42
78 20
37.36
49.74

76.66
80.89
37.85
51.66

76.69
80. 37
38.40
52.19

75.60
79 15
38.21
51.17

5.73
Yield (200 stocks)
..percent..
5.81
Industrial (125 stocks)
do.. 5.49
Public utility (24 stocks)
_do_-_.
6.35
Railroad (25 stocks)
do
4.50
Bank (15 stocks)
do_. .
3.41
Insurance (10 stocks)
do
Earnings per share (at annual rate), quarterly:
Industrial (125 stocks)
dollars
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Dividend yields, preferred stocks, 11 high-grade
4.22
(Standard and Poor's Corp.)
percent. .
Prices:
98.31
Dow- Jones & Co., Inc. (65 stocks) _dol. per share..
265. 19
Industrial (30 stocks)
do
48.87
Public utility (15 stocks)
do
85.05
Railroad (20 stocks)
.
do
Standard and Poor's Corporation:
Industrial, public utility, and railroad :§
Combined index (480 stocks) . . . 1935-39= 100. . 183.2
199.2
Industrial, total (420 stocks) . .
do. _.
184.7
Capital goods (129 stocks)
do
165.9
Consumers' goods (195 stocks)
do ,.
117.5
Public utility (40stocks)_.
do
155.0
Railroad (20 stocks)
do _.
114. 5
Banks, N Y. C. (16 stocks) .
do
196.9
Fire and marine insurance (17 stocks)
do
Sales (Securities and Exchange Commission) :
Total on all registered exchanges:
1,598
M^arket value
mil. of dol
62, 651
Shares sold
thousands..
On New York Stock Exchange:
1,351
Market value
mil. ofdoL.
Shares sold
thousands. _ 42, 296
Exclusive of odd lot and stopped sales
27, 195
(N Y Times)
thousands..
Shares listed, New York Stock Exchange:
Market value, all listed shares...
mil. of del.. 108, 471
2,634
Number of shares listed
_. .millions. .

5.49
5.54
5.50
5.85
4.41
3.37

5.77
5.87
5.62
6.05
4.58
3.41

5.65
5.73
5.53
5.87
4.57
3.30

5.45
5.48
5.51
5.64
4.56
3.18

5.39
5.41
5. 44
5.61
4.52
3.21

5.46
5.51
5. 31
5.68
4.39
3.15

5.56
5.63
5.28
6.03
4.23
3.18

5.56
5.62
5.30
6.14
4.29
3 15

5.28
5.33
5.14
5.77
4.19
3.10

5.13
5.14
5.07
5.56
4.18
2.99

5.15
5.18
5.03
5.52
4.29
3.07

5.22
5.26
5.08
5.69
4.32
3 17

Price per share, end of month (200 stocks)— do
Industrial (125 stocks)
do
Public utility (24 stocks)
do.
Railroad (25 stocks) ..
_
do

'6.61
2.49
5.77

'6.79
2.47
'5.41

p8. 54
' 2 62
11.71

'6.76
2.61
7.86

4.16

4.07

4.04

4.04

4.09

4.12

4.12

4.16

4.12

4.11

4.16

4.21

100. 02
264. 48
49.80
89.55

100. 24
262. 55
49.13
92.19

100. 87
261. 61
49.29
94.61

104. 26
268. 39
49. 81
100. 30

106. 25
276. 04
49.86
101.85

107. 10
276. 70
50.75
102. 95

105. 29
272. 40
50.30
100. 43

103. 92
267. 77
49.59
99. 83

107. 25
276. 37
51.04
103. 19

111.67
285. 95
52.06
109. 85

112. 25
288. 44
52.20
109. 99

111. 21
283.94
52 57
109. 0?

185.3
201.4
184.4
167.2
117.7
161.3
113. 3
199.6

183.7
199.4
180.7
166.3
116.7
164.6
110. 9
198.4

183. 7
199.2
181.7
166.1
117.1
166. 9
111.1
203. 7

187.6
203.9
186.9
168.8
116.2
173.7
111.6
211.7

192.1
209.7
192.7
173.5
116.9
175. 2
112.8
215.4

191.1
207.8
191.4
174.8
118.6
175.3
114.7
215.4

188.2
204.2
187.6
172.8
118.5
171.1
117.6
214.5

183.4
198.4
182.6
169.5
117.4
166.9
120.1
215.2

189.8
205.5
190.2
175.7
120.9
172.4
121.5
223.1

197.0
213.7
198.5
183.2
123.3
184.6
125.1
230.5

197.6
214.3
200.4
184.7
124.0
185.2
128.3
231.0

195.9
212.0
197.4
183 4
124.4
181 4
128.2
223 8

1,451
64, 450

1,647
66, 676

1,262
59, 431

1,285
56, 845

1,317
61, 433

1,154
41, 576

1,198
48, 989

1,316
62, 389

1,331
56, 903

1,906
78. 990

1,661
74,299

1,376
53,534

1,219
43, 464

1,373
41,601

1,077
43,060

1,098
42, 325

1,122
45,916

978
29,433

1,012
35, 165

1,121
47, 653

1,145
43, 340

1,647
57, 885

1,417
55, 897

1.173
38,540

29, 513

28, 963

23, 586

25, 516

24, 115

20,905

24, 135

25. 981

30, 239

40, 516

34, 087

30,209

113, 099
2,644

107,848
2,661

110, 690
2,691

114, 489
2,706

115, 825
2,728

114, 506
2,736

112, 633
2,769

112, 152
2,773

117, 363
2,777

120, 536
2,788

120, 483
2,802

119, 749
2,814

INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY)
5,347
4,177

5,322
4,088
454
780

4,604
3,436
461
707

5 428
4,158
574
696

do
do
do
do

3,867
2,962
89
816

3,867
2 844
109
914

3,911
2 689
99
1,123

4 083
3 024
124
935

Balance on goods and services

do

+1, 480

+1, 455

+693

+1 345

Unilateral transfers (net), total-Private
Government

do -.
do
do

-953

-1, 333
—94
-1, 239

—1, 288
—103
—1, 185

-1,469
—122
— 1 347

Exports of goods and services total
Merchandise adjusted
Income on investments abroad
Other services

mil of dol
do
do
do

Imports of goods and services total
\Terchandise adjusted
Income on foreign investments in U S
Other services

422
748

-96

-857

U S long- and short-term capital (net) , total do
Private
do
Government
do

-375
-235
— 140

—729
-519
—210-

—192
+7
—199

—54
—149
+95

Foreign long- and short-term capital (net)

+173

+508

+758

+121

—555

—104

do

Increase (— ) or decrease (+) in U. S. gold stock
mil of dol

Errors and omissions
__do
+230
+203
' Revised.
»Preliminary.
*
{Revisions for dividend payments for January 1951-January 1952 will be shown later.
^Number of stocks represents number currently used; the change in the number does not affect the continuity of series.




+7

+274

+22

-217

SUKVEY OF CUERENT BUSINESS

April 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

S-21
1953

1952

February

March

April

May

June

July

August

September

October

November

Decem- January
ber

February

INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE
Indexes

Exports of U. S. merchandise:
Quantity
Value
TJnit value
Imports for consumption:
Quantity
Value
Unit value
Agricultural products, quantity:
Exports, domestic, total:
Unadjusted
_
Adjusted
Total, excluding cotton:
Tip ad justed
Adjusted
Imports for consumption:
Unadjusted
Adjusted

264
546
207

284
588
297

265
550
208

288
598
208

231
474
205

202
416
206

217
441
203

243
498
205

243
494
203

239
483
202

280
566
203

253
519
205

147
440
298

157
474
302

154
456
296

142
411
290

145
418
289

144
409
284

140
398
283

151
430
284

169
471
279

138
388
280

180
498
277

162
445
276

125
151

121
143

95
120

104
129

81
110

56
75

65
73

77
62

93
70

88
70

110
92

96
96

do
do

164
207

178
213

139
169

159
181

121
148

102
130

112
112

117
93

142
113

125
109

151
138

148
153

do
do

120
118

122
110

118
112

104
106

107
116

101
113

108
117

111
116

116
119

90
92

128
126

121
116

7,346
6,894

8,207
7,338

8,211
7,673

9,463
8,061

8,450
8,109

6,970
7,688

7,769
7,580

7,421
8,342

'7,028
'8,879

6,393
7,838

..1936-38= 100. _
do
do
do
do
do
1924-29=100
do

Shipping We! glit

Water-borne trade:
Exports, incl. reexports^
General imports. . -

thons, of lone tons
do

Value

Exports, including- reexports, total f
mil. of doL.
By geographic regions:
Africa
_ __ thous. ofdol
Asia and OcoaniaA
____do
EuroneA
do
Northern North America
do
Sorthern North America
do
South America _ _ __
_ _ _ _ _ ...do
Total exports by leading countries:
Africa:
F gypt
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
En rone:
France __ _ _ _ _
do
Germany
.....do
Italy
do
Union of Soviet Socialist Republics..
do
United Kingdom
do
North and South America:
Canada
_
do
Latin- American Republics, total
do
Argentina
do
Brazil
,
do
Chile
do
Colombia
__
_ do
Cuba
do
Mexico
__
___
do
Venezuela
do
Exports of U. S. merchandise, totalt---.mil. of doL_
By economic classes:
Crude materials
thous. of dol
Crude 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
Tobacco and manufactures* __
do
Nonagricultural products, total,.
do__
Automobiles, parts, and accessories§cf-do
Chemicals and related productscf
do
Coal and related fuels*
do
Iron and steel-mill products
do
Machinery, total§cf
-Agricultural
Tractors, parts, and accessories §
Electrically.
Metalworking___
Other industrials"

_ do
do
do
do.___
_ do__
do

1,344

1,447

1.352

1,473

1,167

1,027

1,086

1,225

1,213

1,186

1,390

55, 554
260, 203
341, 659
203, 745
151,972
188, 354

71,782
238, 776
374,180
227, 354
159,084
200, 408

58,616
220, 942
273, 529
242, 231
147, 3(58
176, 351

50, 783
227, 741
314, 680
264,986
157, 528
174,722

44,226
185,369
250, 924
249, 260
137, 834
139, 113

34, 649
147, 256
175, 570
210, 826
139, 068
131,629

39, 291
150,509
202,129
220, 327
127,060
136, 460

44, 841
147, 461
223, 613
245,657
123, 826
133, 467

43, 837
171,204
245, 180
256,0^2
144,150
133, 760

37, 328
159,489
246, 105
244, 723
132,057
127, 770

39, 067
204, 719
307, 509
227, 773
144, 151
136, 712

44, 401
177, 336
?66 534
228, 543
131, 177
113, 932

5,757
17, 524

7,521
29, 058

10, 320
20, 825

5,015
19, 531

4,484
17,738

3,564
13,175

5,563
14,291

6,742
15,085

12, 313
14, 703

4, 556
13, 506

2, 563
16, 871

6, 733
19, 463

17, 352
4,002
0
80, 793
51,988
11,800
25, 543

21, 009
3,792
0
66,817
51, 065
12,455
25,165

17, 362
3,215
0
47, 463
64, 019
9,971
21,313

14, 430
3,240
0
37, 951
78, 199
10,046
21,723

11, 609
1,714
0
29, 040
55, 992
9,280
25,780

10, 141
3,129
0
18,130
34, 138
12,756
23, 020

7, 883
2,171
0
14, 646
42, 514
1 0, 960
22, 330

12, 222
2,900
0
13,914
40,219
9, 964
21,383

16,255
2,862
0
13, 650
54, 697
9,984
21,517

9,970
2,436
0
14, 079
51, 195
13,009
23, 988

17, 271
2,852
0
29, 825
52, 849
11,812
27, 960

11,330
2,274
0
17, 910
50, 383
10, 477
30, 814

29, ?83
47. 228
41,987
2
76, 424

43,142
40, 801
48, 385
2
H7, 896

34, 445
22, 1 32
37, 398
0)
57, 743

36, 596
31,159
49, 469
0)
54, 701

27, 974
27, 903
49, 524
3
41, 793

17, 052
20,156
19,318
0)
32, 800

19, 474
36,644
17, 900
0)
33, 91 4

21, 876
33,714
18, 654
0)
50, 950

26, 941
47, 184
23, 781
4
52, 758

26, 555
33, 556
23,480
2
45, 330

40, 723
40,5^5
40, 355
1
62, 098

30, 604
33, 892
36, 574
0)
52, 783

203, 745
323, 878
14., 143
75, 220
12, 094
20, 957
49, 51-2
56, 992
43, 362
1,331

227, 335
343, 585
15,138
74,819
15,125
20, 843
48, 633
65, 631
47, 167
1,434

242, 223
306, 388
13,211
65, 885
11,083
18, 352
44, 004
58, 973
45, 099
1,342

264, 923
314, 672
13, 398
57, 886
12,212
21,223
43,816
66,164
44, 537
1,458

249,010
259, 478
9,156
42, 386
8,287
17,904
40, 970
56, 934
42, 148
1,155

210, 764
253, 782
7, 730
40, 082
8,171
18,172
44, 987
52,466
38, 451
1,014

220, 256
248, 853
16, 561
35, 831
8,054
20, 582
36, 946
49, 407
35, 387
1,074

245,647
24?, 785
13. 761
29, 758
10,412
17,637
39, 606
46, ?75
41 786
1,215

256, 027
261,216
11,241
28, 926
10,169
19, 004
45, 828
52,510
43, 536
1,205

244, 723
244,019
10, 023
25,010
10, 083
20, 462
41,127
51,213
41,570
1,176

227, 771
264, 844
8,198
30. 439
13, 939
19, 441
40, 428
54, 057
43, 165
1,380

22« 5"3
230, 130
6, 349
23, 783
5, 479
19, 138
39, 304
51,858
39, 621
' 1, 265

228, 035
133,461
74,109
139. 355
756, 478

188,038
177, 190
64,346
100,104
844, 001

157,666
138, 352
56, 433
161,775
$27, 554

157,360
151,310
68, 541
154,154
926, 419

142, 954
103, 228
58, 695
129,702
720, 123

87, 067
73, 093
59, 306
108,165
686, 344

114, 752
79, 811
49, 214
116,407
714,060

146, 917
80, 212
50, 460
124,355
813, 052

1 54, 670
97, 038
61,606
133, 436
758,113

168, 049
89, 325
58, 850
123,189
736, 990

180, 358
116,300
65, 1 96
135,152
883, 399

134, 465
109, 465
63, 590
106, 691
850, 688

381,774
13?, 039
19,473
149, 805
26, 936
23, 684

373, 055
94, 195
19,383
184,325
23, 498
21,324

296, 785
73, 839
18, 261
145,533
16,303
14, 644

316,630
67, 967
22, 237
165, 204
14, 658
21, 879

244, 259
55, 740
24, 868
108,442
12,144
20, 087

170, 107
10, 287
20, 563
85, 396
13,414
21,070

186, 682
21,048
19,040
82, 570
14, 330
28, 160

220, 983
50, 569
16,818
90, 291
10, 706
35, 629

264,622
61,290
21,026
108,755
13,345
30,816

271,226
67,142
21,924
98, 036
13, 022
31,980

323, 083
90. 505
22, 444
13?, 589
13,419
29, 264

2f)«, 700
54 408
19, 149
127,9«3
13, 272
24, 919

1,060,624 1,044,994 1,141,155
109, 793
105,152 104,340
80, 859
68, 266
69, 919
44, 868
48,512
43, 128
78, 384
71, 774
74, 940

910,444
89, 359
65, 244
48, 343
50, 776

843, 868
69, 779
60, 313
38, 471
29, 866

887, 563
55, 951
62, 630
44, 549
41,410

994, 013
67, 742
60, 728
41, 334
55, 805

940, 240
70,412
61, 577
35, 400
66, 321

905, 177 1,057,322
64, 750
71,577
58, 203
59,419
35, 154
26, 009
59, 779
67, 719

996, 200
124,610
57, 393
24, 778
45, 804

231, 659
15,728
27, 689
51,732
20, 605
107, 088

215, 511
13, 394
20, 628
50, 666
20, 115
102,110

207, 567
13, 102
15,741
50, 900
20, 397
99, 949

197, 881
8,003
14, 531
48, 804
21,748
95, 578

214, 080
8,201
18,715
48, 637
24, 906
103, 664

193, 992
7,389
15,257
47,153
21,126
93,412

238, 348
9,191
26, 659
67, 966
28, 274
97, 985

949, 664
101,244
78, 664
45, 331
62, 132
243, 696
12, 332
29, 749
52, 720
20. ?68
116,531

264, 764
13, 872
34, 714
53, 765
23, 622
126, 564

239, 229
13, 927
30, 698
51,155
21,386
112, 138

265, 825
14, 543
34,118
56, 930
23, 302
126, 559

218,479
9,442
20, 340
54, 724
24, 248
100, 384

' 1, 276

1,194

1,183

Petroleum and products
_do
64,207
70, 896
74, 324
63,018
70, 321
71, 352
64, 260
60, 483
59,131
63, 073
73, 825
54, 787
69, 591
Textiles and manufactures
do
59, 900
57, 330
53, 939
48, 057
42, 697
50, 822
50, 622
55, 496
58, 780
55,811
52, 945
Revised. 1 Less than $500. fTotal exports and various cc mponent i terns inclu de shipmeiits under the Mutmil Security Program as follows (mil. dol.) February 1952-Febnlary 1953,
respectively— 83.9; 116.7; 167.4; 235.8; 113.4; 136.8; 170.3; 247.6; 17C 195.0; 275.8; 268.1; 272. 3. Be ginning Jiily 1950, cc^rtain item s classed Eis "special category" exports, a Ithough in eluded in
5.1;
total exports, are excluded from water-borne trade and from an?a and cou ntrv data.
APesir nine 1952. Turkev is n eluded w it,h F]irnr>f *• nro.vinns v with A ci«
9 Data for semimanufactures reported as "special category, type 1" are included with finished manufactures.
©Including Manchuria beginning January 1952.
*New series. Data prior to August 1951 will be shown later.
§Excludes "special category" exports not shown senarately for security reasons.
cf Data beginning January 1951 have been adjusted to conform to the i952 revision of the export schedule.
T




SUKVEY 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 1953

1952

1953
1

ary

March

April

May

June

July

August

er

November

1

December

January

February

855. 100

INTERNATIONAL TRANSACTIONS OF THE UNITED STATES— Continued
FOREIGN TRADE— Continued
Value— Continued
General imports total
thous of dol
By geographic regions:
Africa.
. ._
do. .
Asia and OceaniaA
--do
Europe A
.
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 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
do
Latin- American Republics, total
do
Argentina
do
Brazil
do
Chile
do
Colombia
do
Cuba
do
Mexico
do
Venezuela
do
Imports for consumption, total
do
By economic classes:
Crude materials
do
Crude foodstuffs
do
Manufactured foodstuffs and beverages... do
Semimanufactures
do
By principal commodities:
Agricultural products total
do
Cocoa or cacao beans, incl. shells*
do
Coffee
do
Hides and skins
..
do. .
Rubber, crude, including guayule
.do
Sugar
do
Wool and mohair, unmanufactured
do
Nonagricultural products, total
do.
Furs and manufactures
do
Nonferrous ores, metals, and manufactures,
total
thous. of dol..
Copper, incl. ore and manufactures _ _ do
Tin including ore
do
Paper base stocks
do
Newsprint
do
Petroleum and products
do

892, 690

964, 244

932, 249

834, 495

860, 844

839, 084

817, 016

877, 288

918, 279

803, 849

1,051,064

927, 201

68, 581
182, 861
153, 693
177, 268
132, 101
178, 187

76, 677
206, 177
169, 676
195, 597
138, 245
177, 870

55, 851
202, 967
174, 753
190, 051
135, 949
172, 678

43, 379
168, 985
149, 267
195, 518
129, 057
148, 288

53, 604
179, 510
162,012
211, 100
107. 618
146, 999

47, 189
158, 033
157, 379
191, 537
99, 869
185, 077

35, 252
160, 494
148, 151
183, 483
90, 059
199, 577

30, 281
1 50, 032
170, 630
206, 672
85, 695
233, 978

35, 015
165.566
194), 603
219. 112
86, 031
221, 746

35, 596
124. 157
175.506
201, 716
83, 799
183, 074

56, 763
185.176
199, 816
229, 070
134, 790
245, 449

54, 010
170. 556
185, 553
183' 895
136. 805
196| 403

18, 907
10, 052

14, 179
12, 833

2,973
8,994

2,367
7,817

766
8,121

7, 548
8,275

2, 460
7,777

423
8, 287

323
6,858

1,851
7.414

7,739
6.979

6,840
9, 633

16, 605
39, 017
5,068
28, 069
14, 520
23, 281
17, 213

12. 293
65, 277
4,91]
22, 892
18, 540
21, 921
21, 600

21, 916
42, 200
3, 699
27, 422
14, 948
28, 098
16, 624

15, 876
27, 588
2, 336
25, 336
16. 064
23, 658
22, 348

10, 459
32, 867
1, 663
21, 187
16, 984
29, 087
26, 801

10, 814
21,013
1,424
25, 296
19, 001
19, 227
26, 019

8,771
23, 100
1,099
26, 374
17, 985
24, 676
23, 484

9,302
21, 632
590
24, 231
23, 629
18, 914
19, 024

8,137
19, 941
1,341
24, 912
24, 631
22, 755
18, 873

6, 685
20, 328
518
19, 926
20, 924
13, 682
13,828

24. 633
30, 928
256
27, 543
24, 666
21,299
15, 451

15, 888
24, 550
678
27, 198
23, 045
19, 485
19, 429

15, 005
16, 009
13, 019
506
31, 154

13, 994
16, 445
12, 596
3,139
39, 963

13, 997
14, 992
12. 371
2,220
47, 105

11,202
15, 937
10, 682
805
43, 422

13,141
15,661
12, 521
1,611
38, 260

12, 725
16, 954
12, 702
1,535
40, 374

12, 485
16, 668
12, 557
1, 241
35, 789

11, 765
19, 133
10, 998
1,617
42, 975

15, 493
23, 001
17, 251
1,376
46, 041

12, 569
23, 810
14, 128
982
38, 609

14,259
22, 743
16. 591
' 559
42 722

14, 346
20. 991
18, 504
810
37 495

177, 265
288, 878
7,309
80, 426
13, 502
33, 950
33, 099
36, 177
30, 344
901. 518

195, 499
292, 996
9, 945
74, 507
20, 292
28, 329
41, 927
39, 672
31, 027
972, 389

189, 940
289, 749
10, 900
66, 861
14, 659
28, 071
47, 524
37, 616
34, 661
935, 476

195,516
257, 193
9, 208
49, 593
15, 946
21, 697
57, 131
32, S38
32, 930
842, 944

210, 555
238, 633
12,473
49, 431
13, 102
24, 246
40, 458
31, 363
32, 131
858, 308

190, 889
2H9, 548
15,112
49, 606
22, 828
33, 526
36, 722
25, 755
32, 731
838, 175

183, 017
278, 496
11, 428
63, 125
31,031
35, 735
42, 352
26, 402
31,717
815,618

205, 876
306, 625
16,444
88, 896
36, 518
36, 324
37, 109
25, 989
34, 804
882; 065

218, 769
287, 196
19, 574
76. 739
31, 261
30, 066
24, 447
29, 511
32, 964
966, 110

201, 634
250,416
15, 737
57, 728
27, 782
28, 044
20; 284
33, 160
32, 574
795, 493

229, 038
356, 042
22, 245
81, 685
36, 922
41, 970
26, 418
51,577
35, 804
1,021,449

183, 8S2
311,115
2?., 750
57, 916
24, 671
33, 519
36, 607
41, 625
34, 575
913, 589

270, 487
207, 041
75, 511
185, 954
162, 525

300, 590
194, 082
93, 378
215, 548
168, 791

292, 479
172. 712
91, 061
206, 663
172, 561

231,
135,
106,
203,
166,

537
842
028
244
293

242, 925
149. 603
94, 664
200, 828
170, 288

214, 846
149, 360
97, 221
201, 314
175, 433

209, 864
144, 514
97, 640
201,947
161, 652

205, 860
177, 241
102, 314
220, 850
175,801

268, 704
162, 006
89, 410
243, 723
202, 268

181, 802
152. 094
74, 815
208, 081
178, 701

246, 866
229, 704
79, 974
274, 209
190, 696

235. 974
190, 486
85, 464
225, 958
175, 707

439, 280
17,071
153,943
4, 026
73, 821
29, 394
33, 648
462, 239
6, 352

43(5, 368
20, 992
138. 122
4, 238
80, 730
43, 698
33, 850
536, 021
8, 100

408, 324
17,900
115,585
6,223
75, 927
41,852
37,711
527, 152
7, 753

353, 248
21,291
76,128
4, 496
49, 046
.50, 893
31,579
489, 695
6. 498

344, 846
22, 303
82. 679
6, 532
52,132
43, 653
23, 341
513, 463
7, 239

329, 783
10,161
95, 442
5, 832
33, 445
43, 724
27, 645
508, 391
7,196

337, 072
6, 871
99. 155
5, 298
40, 999
44, 526
23, 929
478, 545
5. 790

360, 530
6,344
126, 550
3,935
30, 996
40,161
25, 086
521, 535
4, 924

371,240
2.897
109, 590
4,852
32, 613
19, 528
63, 073
594, 870
7, 035

290, 160
8, 653
94, 992
3,728
27. 077
13, 708
16, 719
505, 333
2,611

410, 680
24, 650
149, 133
5, 437
41,921
17, 924
27, 549
610, 770
8,585

382, 326
20, 084
123, 448
5,315 -35, 465
33. 282
38, 969
531, 263
7,578

76, 071
•22, 774
5, 244
31, 727
43, 246
53, 709

132, 186
27, 391
22, 370
29, 326
44, 960
55, 513

129, 160
24, 912
31,076
24, 867
45, 587
59, 082

116, 120
21, 763
22, 372
25, 569
44, 484
68, 051

122, 031
20, 664
34, 388
24, 703
50, 938
55, 504

126, 982
42, 361
32, 037
21.546
50, 191
54, 547

109, 596
42, 841
28, 852
23, 718
47, 359
51, 754

114, 460
47, 940
23, 344
26, 390
49, 899
52, 230

122, 912
41, 848
30. 693
27, 071
51,003
64,479

103, 248
40, 714
20, 980
27, 323
47, 937
53, 979

143, 311
49, 819
26, 806
29, 639
53, 604
71, 782

115, 429
34, 879
30, 722
25, 894
46, 106
65, 112

r

846, 900

-

„

TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines
Operations on scheduled airlines:
Miles flown, revenue
Express and freight carried
IV'Tail ton-mile^

thousands
...short tons_.

flown

do

Pflssoneer milps flown rpvermo

do

30, 896
16, 269
11 734
5,' 688
1,520
799 871

33, 363
19, 142
13 039
5,681
1,733
926, 746

33. 887
19, 233
12 887
5, 649
1,889
994, 729

20, 061
97

20, 090
46

19, 982
19

19,958
*6

11.0560
1,006
123, 900

11. 0852
1,062
126, 500

11. 1922
1,053
129, 400

11.2579
1,050
128, 300

35, 566
36, 213
2 55, 643
13 720
15 826
5, 225
5,731
2,128
2,183
1, 121, 868 1, 119, 674

34, 211

35, 632
35, 931
2 72, 363
14 566
14 459
16 591
5,574
5,554
7,947
1,828
1,879
1,839
972, 158 1, 018, 400 1, 040, 706

36, 475

36,612

11 612
5,115
2.012
1,081,742

12 475
5,201
2,140
1,142,731

19,592
'20

19,505

19, 793

0)

20.561
56

20, 901
7

20, 921
50

26, 474
37

20, 061
27

11.3820
962
118, 000

11.4477
921
117, 300

11. 7810
919
121,800

11.9148
975
119, 000

11.9465
1,048
133, 500

12. 1776
964
127, 700

12.2311
1,059
145, 400

12.3114
959
127, 300

34, 069
32, 274
17,815
18, 341
11 442
11 700
5, 109
5, 527
2,054
1,831
973, 389 1,116,764

Express Operations
Operating revenues
Operating income

thous of dol
do

*4

Local Transit Lines
Fares, average cash rate
Passengers carried, revenue

cents..
millions. _

12. 4184
897

Class I Steam Railways
Freight carloadings (A. A. R.):c?
2,731
3,352
3,294
2,671
3,363
4,001
2,236
3,882
2,608
3,677
2,912
3,624
'2, 911
Total cars
--- .... _ _ _ . thousands _ _
470
631
439
517
713
636
317
613
478
607
498
686
r582
Coal
do
61
60
75
74
58
57
15
58
22
68
53
79
'64
Coke
.- ----do
173
225
203
164
179
178
170
243
179
201
175
218
••174
Forest products
do
159
168
219
221
253
187
255
263
232
204
162
234
'194
Grain and grain products
__ do
26
40
67
36
66
49
24
42
26
42
36
37
'32
Livestock
do
96
78
85
371
357
387
44
447
96
403
211
105
'80
Ore
-do
274
265
318
302
360
289
364
257
278
350
297
377
'299
Merchandise,! c. 1
do
1,490
1,770
1,938
1,377
1, 579
1,673
1,155
1,852
1, 298
1,803
1,480
1,888
' 1, 486
Miscellaneous
do
d
'Revised
Deficit.
1 Less than $500.
2 Data represent quarterly total.
ABeginning 1952/Purkey is included with Europe; previously, with Asia.
G Including Manchuria
beginning January 1952. ' *New series. Data prior to August 1951 will be shown later.
for March, May, August, and November 1952 and January 1953 are for 5 weeks; other months, 4 weeks.




SURVEY OF CURRENT BUSINESS

April 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

S-23
1953

1952

February

March

April

May

June

July

August

September

October

November

December

January

February

TRANSPORTATION AND COMMUNICATIONS—Continued
TR AN SPORT ATION—•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
do
Merchandise 1 c 1
do _
Miscellaneous
do.

124
111
198
141
128
53
75
48
142

123
103
163
142
115
65
195
47
139

124
101
178
131
116
59
292
45
138

111
96
68
144
165
45
82
44
122

104
75
56
147
183
45
73
43
116

129
101
154
157
145
61
323
46
141

145
135
187
151
138
93
352
48
155

138
93
185
146
157
117
" 314
48
158

138
123
195
149
144
95
258
47
150

120
111
200
135
123
66
77
43
135

121
108
193
139
128
59
70
42
138

119
97
191
140
112
46
69
43
140

133
111
196
141
139
66
257
47
149

126
103
166
142
130
73
212
46
141

122
101
179
126
132
66
212
45
137

108
96
69
139
161
56
53
44
119

102
75
57
146
153
56
46
43
115

125
101
160
149
134
65
216
46
140

134
135
189
140
123
70
235
45
144

r 128

93
188
139
157
76
233
46
145

134
123
195
152
147
76
233
46
144

131
111
191
152
131
69
248
45
144

134
108
184
154
128
62
278
44
151

130
97
181
146
114
57
275
45
149

9,264
2,161
1,516
2, 621

17, 100
4,108
3,339
1,874

24, 363

28, 136
14, 669

40, 311

5,693

8,914
25

5,294

24,003

79, 262

331
113
12, 028

845
993

365
857

704
959

13, 934
1 691
6, 310
4 924
1 958

2,743

7,691

875, 471
729, 286
74, 077
675, 135

847, 478
702, 145
71, 906
667, 433

870, 315

645, 934

790, 718
644, 792
80, 482
634, 398

899, 734
744, 841
80, 548
663, 360

942, 139
796, 010
70, 581
674, 577

985,215

75, 955
676, 418

123,697
76, 639
50, 239

107, 732
72,313
45,341

110. 927
82', 970
54, 342

100, 529
67, 875
48, 988

95, 357
60, 903
35, 469

104, 939

131,334

55, 949
1.372
2, 759

52, 147
1.412
2,684

54, 557
1.393
2, 802

47, 293
1 475

44,817

3,065

3,076

7, 837
4,696
3,141

8,839
5,389
3,449

9,217
5,799
3,418

10, 402

9, 341

9,292

3 702

3 275

6,118
3 174

2,619
1, Oil

3,115
1,130

3, 039
1,035

2,979

2,948

2,649

6.39
79
240

6.24
77
225

6.74
79
251

61, 682
71, 370
1,417
19, 205
31, 638

65, 249
68, 599
1, 439
23, 897
44, 164

61, 610
72, 209
1,518
20, 431
48, 658

126
120
203
140
137
57
69
47
140

136
Total adjusted
do
120
Coal
--do _ _ _
192
Coke
do
146
Forest products
do
140
Grain and grain products
do
72
Livestock
.
do
277
Ore
do
49
• Merchandise 1 c 1
do _
149
Miscellaneous
_ _
- __do
Freight-car surplus and shortage, daily average:
8,185
Car surplus, total..
number..
1,012
Box cars
do
2,084
Gondolas and open hoppers
- . do
3,992
Car shortage total
do
1,747
Box cars
do
1,550
Gondolas and open hoppers
do
Financial operations:
Operating revenues, total
thous. of dol. . ' 845, 074
r
704, 407
Freight
do .
Passenger
- _ _ d o _ _ . r 73, 470
649, 774
Operating expenses
do
Tax accruals, joint facility and equipment rents
thous. of doL - ••119,347
Net railway operating income
do. _ . ' 75, 952
49, 244
Net income!
do
Operating results:
54, 089
Freight carried 1 mile
mil. of ton-miles
1. 370
Revenue per ton-mile
cents
2, 697
Passengers carried 1 mile revenue ._ .millions

11,153
2,554
2,296

720,138

6,372
2,933
1,865
717

814, 338
663, 869

81,702

7,477

26, 642
2, 070
1,490
'448

1. 524

33

21,625
46, 558
827
564
137

69, 294
8, 145
51, 776
1,376
768
194

6,996

2,030

14 194
8, 235
5,169

4,253
2,472

7 075

8 113
10 456
792
449
173

838, 101
66, 027
707, 483

908, 004
769, 593
65, 025
661, 229

935, 061
762 543
84, 069
711 367

863, 001
713, 727
79, 199
661, 684

812, 968
684, 368
64, 738
621, 092

146, 650
120, 913
94, 456

157,064

136, 088

110,687

84, 158

114, 091
109, 602
141 852

121,242

120, 669
92 073

114, 076
77, 800

56, 949
1 377
3,133

58, 213
1.430

58, 066
1 503
2,481

56, 975
1 417
2,416

50, 753
1 552
3,118

51, 756
1.458

3,057

3, 037
940

3,009

1,109

6.77
78
245

78,155

3,822

2,696

80, 074
57, 595

2,943

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 .

6,699

6,065

762

2,511
909

2,888

1,256

1,148

3,261
1,236

2,866

6.20
78
266

6.70
79
260

6.39
72
237

7.15
76
255

6.91
78
251

7.13
83
259

7.17
72
241

6.49
63
233

6.69
76
249

58, 893
79, 967
1, 704
18, 898
51, 528
1,075

76, 484
109, 740
1 744

111,036

88, 798

115, 846
94, 685

105, 868
63, 766

73, 084
55, 698

60, 671
50, 824

56, 399
53 130

43, 932
44, 795

45, 330
2, 455

34, 150

29, 361

25, 062
1,603

21, 497
982

17, 109
375

19, 466
237

26, 700
253

809

9,074

716

718
9,113

9,064

8,368

9,664

766

919
11, 610

1,188

1,077

947

Travel
Hotels:
Average sale per occupied room
dollars .
Rooms occupied f
- _ - percent of total . ,
Restaurant sales index
same month 1929= 100. _
Foreign travel:
U. S. citizens, arrivals c f _ _
_._
number..
U S citizens, departurescT
do
Emigrant aliens departed
do
Immigrant aliens admitted
do
Passports issued
_.
. -do.....
National parks visitors
thousands
Pullman Co.:
Revenue passenger-miles
millions
Passenger revenues
_
thous. of dol. .

299

886

346

559

867

762

763

18,361

4,008

4,270

10, 808

10, 655

9, 343

9,446

10,145

682
8,618

332, 063
196, 952
110, 319

345, 353
202, 195
118, 143

343, 596
203, 861
114, 762

352, 525
205, 171
121, 895

351, 732
206, 102
119. 781

351, 597
204, 358
120, 635

354, 143

205,114

357, 925
210, 387
120, 911

370, 929
216, 164
127, 665

359 634
214, 751
117, 549

380 586
223, 190
129 766

231, 914
39, 702
40, 314

238, 954 r 234, 876
42, 437
43, 627
40, 516
40, 662

248, 667
41, 238
40, 847

245, 862
42, 238
40, 966

258, 743
37, 140
41, 105

252, 771

255, 480
40, 878

10, 384
12, 894

15,839

40 199
328

717

665

COMMUNICATIONS
Telephone carriers:©
Operating revenues
Station revenues
Tolls, message

.

thous. of dol
do
.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, inch depreciation
do
Net operating revenues
_ ..do .
Ocean-cable:
Operating revenues
..do _
Operating expenses, inch depreciation
do
Net operating revenues
do
Radiotelegraph:
Operating revenues . .
__ do
Operating expenses, incl. depreciation
do
Net operating re venues __ .
do

15, 875
14, 328
716

16, 801
14, 923
1,016

2,114
1,733

2,237
1,759

7,233
10, 243

d

3, 698

192

274

2,155
1, 702
251

2,510
2,013

2,592
2,094

372

388

2,433
2,066
252

d

122, 471

41, 255

41,419

261, 973
44, 112
41, 621

251, 155
43, 950
41, 786

273, 404
50 534

15,633

17, 251
15, 534
974

17 842
15, 850
1 253

15, 881
14, 761
435

18 962
16, 225
2 370

16 937
15, 487
655

2 470
1,804
438

2 272
1,820
256

2 603
1,919
436

2 456
1,875
360

2 611
2,160
360

2,069

2 799

2 453
2,133
192

41,077

S, 247

14, 544
474

15, 847
15,d101

14, 883

2, 250
1,722
270

2,081
1,766
105

2,164
1,880
60

2,101
1,798
91

2,377

2,546

2,517

2,585
2,084

2,385
2,038

2,461

2,156
271

2,056
340

47

388

*M

246

1,779
383

2,090
259

2 391
267

42,068

2,297

489

' Revised.
<* Deficit.
JRevised data for January 1952, $43,602,000.
^Beginning July 1951, data exclude vessels under time or voyage charter to Military Sea Transportation Service.
fRevised series. Data beginning 1951 have been adjusted to the levels of the 1948 Census of Business.
cfData exclude arrivals and departures via international land borders; land-border departures during the 12 months ended June 1950 amounted to less than 1 percent of total departures
©Data relate to continental United States. Beginning January 1952, data exclude reports from several companies previously covered and include figures for some not included in earlier
data.




SUKVEY 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 1953

1952

February

March

April

May

June

July

1953
August

September

October

November

December

January

February

CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production :t
Ammonia, synthetic anhydrous (commercial)
172, 099
165, 105
151, 632
177, 059
160, 034
short tons
442
630
Calcium arsenate (commercial)
do
0)
0)
f1)
60, 601
58. 380
56, 074
67, 974
67, 788
Calcium carbide (commercial)
do - _
63, 579
53, 756
72, 417
47, 307
45, 807
Carbon dioxide, liquid, gas, and solidO
do ._
214, 128
229, 472
221, 169
200, 169
215, 570
Chlorine, gas
do
50, 669
58, 868
53, 129
57, 966
48, 851
Hydrochloric acid (100% HC1)
do
1,550
1.520
763
279
150
Lead arsenate (acid and basic)
do .
144, 696
137, 924
128, 065
122, 670
128, 978
Nitric acid (100% HNOs)
do
1,954
1,941
2,156
2,008
1,131
Oxygen (high rrritv)
mil. of en. f t _ _
172, 135
151, 684
168, 272
173, 334
153, 497
Phosphoric acid (50% HsPO^
short tons
Soda ash, ammonia-soda process (98-100%
372. 529
363, 579
358, 448
334, 449
337, 710
Na2COs)
short tons
8, 590
9, 7?2
6, 428
6, 745
5, 6E6
Sodium bichromate and chrornate
do
271, 996
258, 521
250, 564
230, 883
247, 734
Sodium hydroxide (100% N?,OH)
do
Sodium silicate, soluble silicate glass (anhy46, 852
38. 565
41,194
43, 599
36, 794
drous)
short tons
Sodium sulfate, Glauber's salt and crrde salt
73, 973
65, 646
67. 031
67, 363
65, 838
cake
short tons
Sulfuric acid:
1,131,289 1,174,836 1,115,602 ] , 109. 076 1,007,709
Production (100% FaPOO
do
Price, wholesale, 66°, tanks, at works
20.00
20.00
20.00
20.00
20.00
dol. per short ton.
Organic chemicals:
Acetic acid (synthetic and natural), production
26, 380
26, 535
27 980
30, 261
29, 138
thous of Ib
51,944
27, sn
42,711
3 1,5" 6
45, 887
Acetic anhydride, production. ..
do
1,178
1,109
1,247
1,073
957
\cetvlsalicylic acid (aspirin) production do
Alcohol, ethyl:
33, 857
26, 062
41, 129
42, 421
32. 922
Production
thous. of proof gal
82, 344
97, 550
95, 361
74, 420
94, 566
Stocks, total
..
do
In industrial alcohol bonded warehouses
55, 592
51, 949
54, 937
50, 584
58, 891
thous. of proof gal_.
35 675
40,425
41, 959
30, 395
23, 837
In denaturing plants
oo
40, 939
34, 108
44, 935
30, 539
33, 102
Used for d en atu ration t
.
do
1,861
1, 755
1,395
1,788
1,447
Withdrawn tax-raid
do
Alcohol, denatured:
17, 868
21, 924
18,368
24, 060
16, 481
Production
thous. of wine gal
20, 284
21, 501
19, 984
18,018
21, 388
Consumption (withdrawals)
do _
8,055
12, 093
14, 037
8, 555
13, 608
Stocks
do_ _ _
7,077
14, 401
13, 546
13. 293
11, 559
Creosote oil production
thous of enl
4 419
5, 873
5 470
4 204
4 160
Fthvl acetate (85%) production
thous of Ib
Glycerin, refned (100% basis):
High gravity and yellow distilled:
7,538
7,099
6,745
6,770
5,647
Production
thous. of lb_.
6,374
5,617 - 6,3~5
6, 239
5,521
Consumption
do_ ._
17, 578
14, 427
18, 104
17,013
17, 447
Stocks
do
Chemically pure:
5,428
12, 528
7,178
11. 704
11, 113
Production
do
7, 008
7,040
7.015
7,219
7, 3C8
Consumption
_
do-_29, 435
28, 107
28,382
24, 507
26, 685
Stocks
do
Methanol, production:
175
185
158
173
201
Natural (100%)
thous. of gal
11,881
13, 951
13, 4G8
13,111
13, 756
Synthetic (100%)
do
21,348
21,519
19, 225
19, 462
21, 263
Phi halic anhydride production
thous of Ib

167, 574

704

173, 326

0)

r

171,721
(i)
47, 947
65, 370
209, 966
57, 334

184, 319

178, 562

56, 315
55, 292
227, 970
61, 646

56, 150
46, 012
219, 626
61, 699

61, 903
45, 441
224 938
64, 284

157, 508
* 2, 297
176, 929

(i)

(i)

193, 507

(i)

188, 882
434
65, 788
44, 566

52, 238
80, 662
194, 285
49, 282

45, 812
79, 391
207, 964
54, 462

0)
118,340
1,046
153, 609

128, 886
1,862
179, 200

134, 588
2,023
185, 295

140, 866
2,251
205, 074

147, 180
2,175
179, 647

336, 327
3 722
224, 462

370, 877
5 882
242, 721

349, 218
7 001
242 700

405, 778
8 355
260, 742

431, 598
8,107
257, 081

414, 557

34, 403

35, 521

44 948

59, 997

44, 373

45 893

41 181

58, 999

66, 516

68 PI 3

75, 070

76, 075

81 301

81 871

9CS, 467

0)

0)

0)

381

1,066,592 1, 079, 457 1, 164, 427 1, 159, 061

20.00

20.00

34, ?56
65, 9C3

0)

r

r 8 013

260 184

r

65, 835
650
156 824
2 266
207 118
8 4%

1,192,765 1 184 4Q~

20.00

20. 00

20.00

20. 00

20. 00

32, 979
70, 859

32, 781
74, 404

807

38, 746
80, 829
1,189

39, 241
69, 515
1,145

42 985
72, 855
1 137

39 858
67, 175
1 120

39, 292
77, 437

32, 984
82, 661

36, 439
87, 430

35, 839
85, 838

31, 552
81, 702

42, 182
83, 245

46, 161
84, 263

45, 013
77, 701

47, 610
29, 827
35. 397
2, 052

47, 420
35, 241
28, 577
1,629

48, 430
39 000
31,249
2,057

46,419
39,419
35, 172
2, 058

42, 2«1
30, 421
34, 286
2,101

44, 833
38, 412
40, 638
1,448

52, 686
31, 577
35, 349
1,815

56, 948
20, 753
40, 320
1,892

19, 039
17, 468
9,100
6,509
4 152

15, 437
18, 261
7, 158
12, 547
8,813

16, 987
16, 799
7,326
12, 538
7,984

19, 226
19,166
7, 347
13, 026
7,363

19, 613
18, 428
8,548
14 059
8 082

23, 417
23, 665
8,285
12 897
8 375

19, 037
20, 225
7,084
12 631
6 925

21, 659
17, 583
9,689

5,855
6, 003
13, 553

6,511
6, 538
12, 246

7,279
6,975
12, 066

7,602
8,101
11,447

7,043
7,102
11, 006

6,898
6,219
11 370

6,701
6, 503
12 998

6, 762
6,276
12 697

6,237
6, 628
21, 684

9,035
7, 536
19, 080

10, 040
7,991
17, 173

11,147
8, 886
16, 211

10, 629
7, 527
15 336

11 663
7,608
14 595

12 181
8,233
16 069

13 258
7,594
17 644

179

845

195

823

179

234

194

11, 800
18, 955

12,059
16 462

11, 143
17, 954

13, 367
19, 036

13, 229
20 480

172
15 544
19 978

153
14 027
20 013

530
136, 743
7,652
117, 254
7,227

2
389
203, 643
24, 643
164, 357
7,015

2380
208, 593
19, 939
170,215
7,227

2599
171. 683
28, 068
124, 084
5,893

2
559
242, 814
7, 955
219, 806
12, 602

2
572
169 969
7, 850
148 826
7 848

2685
160 461
22, 468
117 635
8 686

'2924
140 760
5 946
116 482
6 637

172.FA3
208,013
255, 151
204, 665
257, 860
Imports, total
_ - do
151, 448
96, 732
165, f 06
187, 284
149,891
Nitrogenous materials total
do
59, 960
18, 706
33,915
90, 517
72, J 14
Nitrate of soda
.
_ _ _ _
do. _17, 510
17, 751
14, 698
21,714
6, 832
Phosphate materials
_
do
27, 731
26, 481
23, 258
55. 022
12, 488
Potash materials
do ..
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
57.00
57.00
57.00
57.00
57.00
port warehouses
dol. per short ton__
140, 625
125,600
157, 711
127, 810
123, 5S2
Potash deliveries
short tons
Superphosphate (bulk):
1, 033, 449 1, 101,454 1, 137, 270 1,074,722
941, 330
Production
do
897, 818 1, 018, Obi 1, 238, 946
1,217,295 1, 046, 710
Stocks, end of month
do

141,032
100, 674
37,015
7, 318
21, 293

169, 119
12? 146
50, 865
8, 166
27 336

237, 657
181 487
69, 563
6, 460
33, 020

220, 823
165 102
69, 812
10, 856
30 821

194
133
66
26
22

194
137
50
8
34

232
180
41
12
27

57.00
113, 167

57.00
122 979

57.00
149, 678

57.00
142 726

57.00
127 884

" 20. 00

FERTILIZERS
Consumption (14 States) §
Exports, total
Nitrogenous materials
Phosphate materials
Potash materials

thous. of short tons..
short tons__
..do. ..
do
do

1.348
214, 991
28, 775
161, 570
7,619

1, 827
191, 261
10, 802
163, 553
7,469

1, 819
204, 452
15, 296
173, 431
6,147

1,167
207, 943
15,353
176, 649
7,887

926, 657
1,366,549

957 41 8
9*>9 313
1 424,214 1,405,661

024
078
738
160
218

599
862
743
735
119

2 1, 324

080
359
7^2
400
554

57.00
57.00
133 733
139 339
1 047 118
917 658 r 941 440
971 091
1,402,545 1 398 028 1,510 676 1 554 703 1

P 57. 00
167 733
973 090
427 450

NAVAL STORES
Rosin (gum and wood):
392, 400
Production, quarterly total _ drums (520 lb.)_
3 948, 760
722, 580
904 650
Stocks, end of quarter
do
Price, gum, wholesale, "WG" grade (N.Y.), bulk
8.55
8.70
8.55
8.35
8.50
9.35
8.35
8.70
dol. per 100 Ib—
8.50
8.40
8.50
8.90
P8.80
Turpentine (gum and wood):
3
127, 940
Production, quarterly total _ _. bbl. (50 gal.)__
331, 000
194, 40)
214, 640
Stocks, end of quarter
_ _
- -do
.61
.66
.60
.63
.62
.76
.60
.62
Price, gum, wholesale (N.Y.)
dol. per gal._
.62
.62
.60
.60
* . 60
r
2
Revised.
p Preliminary.
i Not available for publication.
Total for 12 States: excludes data for both Virginia and Kentucky (effective July 1952, Kentucky will report semi3
annually: see note "§" below for quarterly data for Virginia).
Total for April-September.
JRevised data for January-October 1950 and 1951 are available upon request.
©Data beginning January 1951 exclude amounts produced and consumed in the same plants manufacturing soda ash.
fRevised series. Data shown prior to the November 1951 SURVEY represent alcohol withdrawn for denaturation.
§Figures exclude data for Virginia; effective January 1951, this State reports quarterly. Data for Virginia (thous. short tons): 1951—January-March, 312; April-June, 288; July-September,
91; October-December, 111; 1952—January-March, 322; April-June, 331; July-September, 90; October-December, 100.




SURVEY OF CURRENT BUSINESS

April 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

S-25
1953

1952

February

March

April

May

June

July

August

September

October

November

December

January

902

1 056
56, 212

February

CHEMICALS AND ALLIED PRODUCTS—Continued
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting: powder
High explosives
Sulfur:
Production
_ __
Stocks

thous o f l b
do
_

1,193
59, 669

842
57, 659

706

556

61, 905

489

63, 111

586

57, 251

764

51, 315

62, 515

1 010
66, 177

1 184
66 621

1 016
59 840

56, 709

812
56 871

445, 014
454, 960
460, 058
443, 017
447, 481
477, 939
428, 810
381,532
436, 143
422, 560 r 418, 568
long tons__ 412, 481
430, 811
do _ 2, 883, 571 2, 850, 666 2, 808, 368 2, 827, 506 2, 902, 335 2, 982, 331 3, 047, 591 3, 081, 284 3, 064, 952 3, 053, 843 3, 068, 855 3,130,379 3, 089, 132,

FATS, OILS, OILSEEDS, AND
BYPRODUCTS
Animal fats, greases, and oils:t
Animal fats:
388, 109
365, 093
349, 058
321, 630
305, 335
290, 840
290, 088
286, 050
431, 751 r 427, 887
341 498
Production
thous of Ib
367 547
358 024
119, 944
121,614
117,906
114,807
115,548
110,119
95, 111
114, 199
105, 973 r 113, 586
126, 592
104, 045
Consumption, factory
do
128 965
329, 625
325, 955
329, 408
336, 784
329, 643
367, 590
339, 625
377, 329
460, 719
453, 843
406, 370
Stocks, end of month .
_
_ do _
327, 150
296, 004
Greases:
52, 114
58, 217
50, 357
49, 982
49, 486
43, 600
44, 932
46, 040
51,541
57, 636
57, 588
Production
__
do
55, 434
54 838
42,173
40, 075
31,969
37,913
36, 701
31,098
37, 100
35, 164
39, 197
35, 222
Consumption, factory
do
32, 518
34, 533
44 866
105, 938
100, 536
105, 411
111,895
115, 580
107, 634
118, 495
113, 738
115, 820
117, 840
Stocks, end of month
_ __ _ _ _ _ do_ _
114, 150
107, 530
101 152
Fish oils:
298
169
5,141
12, 748
11,060
13, 407
22, 683
22, 631
486
223
5, 743
3,037 r
Production
_ _ _ _ _
_ _ _ _ _ _ _ _ do___
9 268
9,429
8,578
9,451
9,758
10,174
11,763
9,919
8,331
17, 820
14, 599
10, 832
Consumption, factory
_
do
14, 975
15 957
73, 055
73, 295
68, 538
66, 640
69, 931
89, 990
84, 479
88, 854
«• 76, 380
65, 644
92, 801
Stocks, end of month d*
_
_ _ _ do
90, 117
103 115
Vegetable oils, oilseeds, and byproducts^
Vegetable oils, total:
522
483
382
430
343
433
305
354
572
488
597
566
592
Production, crude
mil. of Ib
482
509
487
442
413
410
394
361
518
551
562
Consumption, crude, factory _ _ _ do _.
532
566
Stocks, end of month:
1,275
1,202
1,287
1,123
962
1,054
1,017
952
1,147
1,115
1,110
1,096
Crudecf- _ _
-_ _ _ _ _
_ _ do_ .
1 049
556
589
632
624
572
536
438
777
498
689
853
578
Refined
do
474
61, 395
58, 899
58, 562
49,815
32, 674
27, 991
43, 097
30,911
18, 102
41, 414
35, 276
Exports
thous. of Ib
30 808
r
24, 878
24, 596
31,067
28, 638
30, 935
32, 922
35 171
36 473
33 909
31 759
Imports total
do
37 943
36 190
2,563
2,050
4,389
2,049
5,051
5,447
2,153
5,177
441
2 494
733
Paint oils
do
3 664
22, 032
22, 827
26, 678
26, 590
25, 884 «• 31, 026
30, 769
29, 993
31, 026
33, 468
35, 449
All other vegetable oils
do
32 525
Copra:
30, 476
26, 367
32, 794
23, 068
16, 051
32, 550
18, 028
37 665
29 524
27 095
19 014
Consumption factory
short tons
30 262
35 228
25, 202
20, 923
4,061
11, 952
11,267
10, 070
11, 974
13, 570
12 324
12 900
Stocks end of month
do
16 591
25, 848
36, 287
23, 608
21, 892
16, 456
23,507
21, 390
29, 563
23, 426
26, 583
24, 433
Imports
do
43, 529
Coconut or copra oil:
Production:
38, 132
33,176
41, 626
29, 564
21, 486
45, 425
41,096
22, 632
47, 692
34, 491
24, 232
37,619
Crude
thous o f l b
38 622
30, 494
27, 987
31, Oil
32, 465
27, 765
41, 035
26, 745
38, 003
36, 466
27, 041
29, 174
31, 423
30, 958
Refined
_
do
Consumption, factory:
42, 364
45, 222
48, 037
48,315
43, 436
41,119
56, 545
61,323
51,836
45, 998
42, 439
47,818
Crude
do
47, 506
25, 099
26, 727
28, 085
28, 306
26, 131
34, 112
35, 858
23, 431
30, 364
24, 030
25, 410
27, 401
26, 344
Refined _
_ _
do
Stocks, end of month:
81 , 387
82, 143
79, 869
56, 707
67, 285
46, 974
49, 699
42, 465
50, 718
44, 552
30, 782
47, 506
45, 915
Crudecf - -do __
7,596
8, 961
8,899
9,103
9,013
7,616
7,578
8, 730
8,334
8,241
7,677
8,415
7,980
Refined
do
3,731
7,921
1,767
9,777 T 16, 085
7,522
10, 137
14, 152
12, 237
11, 950
10, 846
16 162
Imports
do
Cottonseed:
163
14
55
14
22
78
1,170
398
222
Receipts at mills
thous of short tons
1 757
103
1 097
539
433
545
153
218
306
521
117
Consumption (crush)
do
148
782
655
551
'719
666
802
315
1,180
176
518
137
1,035
386
1,827
1,379
Stocks at mills, end of month
do
2,010
2,261
2 388
Cottonseed cake and meal:
201, 182
253, 208
146, 191
101, 133
69, 838
379, 384
55, 746
248, 660
70, 059
Production
short tons
262, 383
310, 755
317 680
348 802
T
47, 336
56, 176
58, 946
46, 396
57, 870
115,114
45, 104
209 754
Stocks at mills end of month
do
81, 857
47, 876
194 047
144 420
155 303
Cottonseed oil, crude:
143, 727
176, 041
106, 633
72, 082
52, 822
249, 604
41, 143
156, 459
44, 768
Production
thous. o f l b
180 193
213 966 r 211 130
231 827
162, 209
174, 795
129, 093
58, 602
96, 917
162, 946
41, 077
103, 809
38, 375
Stocks, end of month
_. -do
178,757
170, 039
178, 154
188, 505
Cottonseed oil, refined:
164, 076
136, 955
123, 723
100,080
79, 578
54, 023
173, 856
71,655
42 285
Production
do
198 592
185 476
170 469
190 034
107,399
117,870
113, 260
106, 108
109, 369
90, 150
119, 867
103, 262
92, 727
Consumption factory
_ _ _
do
86 397
104 450
99, 505
95 697
35, 623
28, 019
28, 764
28, 523
28, 784
17, 070
29, 238
32, 434
23 978
25 781
29 016
In oleomargarine
do
24 707
26 480
1
383, 410 1 413, 893 1 434, 758 i 432, 620 1 401, 400 1361,320 1 318, 006 i 288, 212 1 343, 165 1 445 493 1 544, 572 1 627, 573 1 705, 022
Stocks, end of month
do
.190
.220
.185
.180
.180
.205
.191
.191
.205
v. 179
Price, wholesale, drums (N. Y.)*__dol. p e r l h _ _
r.228
.195
.193
Flaxseed:
2 31 002
Production (crop estimate)!
thous. of bu
Oil mills:
2,243
2,196
2,172
2,083
1,897
1,580
2,303
2,295
Consumption
_
do
2,903
2 627
2 065
2 699
2 285
4,430
5,547
3,059
3,608
3,440
3,346
Stocks, end of month _ _
__ _ ___do
5,461
3,794
6,154
5, 621
4 355
3,679
4 967
4.23
4.16
4.00
3.93
3.96
4.01
Price, wholesale, No. 1 (Minn.)
dol. per bu_
4.17
4.17
4.08
4.04
3.90
4.10
4. 10
Linseed oil, raw:
44, 020
45, 707
44, 015
38, 953
41, 647
31, 860
41 300
46 702
Production
thous. of Ib
46 904
58 017
46 016
51 336
54 R20
43, 661
44, 651
41, 734
43, 565
43, 685
45, 899
51,841
54, 981
Consumption, factory
do
41 602
41 599
53 608
47 674
42 335
659, 688
659, 383
646, 589
638, 021
637, 975
634, 474
616 537
622, 350
Stocks at factory end of month
do
622 079
626 611
634 959
643 703
641 675
3
3
.195
.186
.176
.178
3.155
3.150
3.156
Price, wholesale (N. Y.)_ .
-dol. per Ib 3.152
3.151
3 146
v 3. 148
150
148
Soybeans:
Production (crop estimate)!
thous. of bu__
2 291 682
21, 540
22, 457
20, 129
19, 682
21 397
18, 617
Consumption, factory
_
do
14 969
17, 539
17, 549
21 997
21 550
18 679
22 507
42, 708
49, 430
32, 307
28, 493
30, 838
11 632
22, 339
Stocks end of month
do
9 071
65 741
55 817
89 783
79 852
85 496
Soybean oil:
Production:
218, 381
222, 247
204, 138
199, 002
189, 977
179, 498
Crude
thous. oflb
178, 795
155 632
238, 300
230 609
226 935
200 142
231 000
183, 469
180, 626
198, 641
181, 249
177, 198
162 158
166 542
199 066
Refined
do
175 008
173 576
202 969
198 811
186 396
164, 911
168, 379
188, 112
171, 062
171, 244
142, 825
Consumption, factory, refined
_ __ __do
187, 729
154, 982
210, 621
195 424
174 933
182 331
171 950
Stocks, end of month:
245, 027
224, 072
240, 510
185, 122
197, 473
Crude
______
do
136, 414
180, 130
98, 287
124, 629
139 602
153 674 r IQQ 204
154 574
73 545
109, 459
103, 120
130, 234
111, 280
126, 720
116, 618
124 222
Refined
do
96 020
75 677
88 183
87 118
83 716
.155
.150
.174
.148
.144
.174
Price, wholesale, refined (N. Y.)_—dol. p e r l b _ _ _
.170
.156
.151
.1681
p. 191
.161
!l91
r
l
Revised.
*> Preliminary.
Includes stocks owned by Commodity [Credit Corporation.
2 December 1 estimate.
3 Minneapolis price; comparable'data for May 1952, $0.155.
^Revisions for 1950 and for January-September 1951 for production, consumption, and stocks will be shown later.
0*Beginning with September 1950, data included for sperm oil, crude palm, castor, and coconut oil are on a commercial stocks basis.
*New series. Compiled by the U. S. Department of Labor, Bureau of Labor Statistics. Data prior to February 1951 will be shown later.
§Revisions for flaxseed (1946-49) and soybeans (1944-49) appear in corresponding note in the September 1952 SURVEY.




SUKVEY OF CURRENT BUSINESS

S-26

April 195?

1952

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

1953

August

September

October

November

Decem- January
ber

February

126 580
23' 412

113 473
27 227

CHEMICALS AND ALLIED PRODUCTS—Continued
FATS, OILS, ETC.— Continued
Vegetable oils, oilseeds, etc.— Continued
Oleomargarine:
Production
thous oflb
Stocks (factory and warehouse) .
do
Price, wholesale, vegetable, colored, delivered
(eastern U. S.)*
dol perlb
Shortening:
Production
thous of Ib
Stocks, end of month
do

114 051
24, 951

96 762
21, 655

101 136
22, 419

100 709
15,839

104 040
26, 837

68 695
23, 807

86 564
1 5', 584

259

259

253

249

.266

271

269

281

i 284

i 284

i 284

131, 040
91.890

128, 912
89, 120

127, 375
93, 408

138,692
83, 228

142, 749
81, 922

112 624
88, 436

125 114
92 559

140 171
74 126

178 057
86 653

126 622
93 678

131 749
93 668

141 878
87 976

106, 386
41,608
64, 778

110,938
41, 594
69, 344

124, 670
44, 287
80, 383

126, 768
44, 620
82, 148

122, 571
40, 757
81.814

111,093
36, 808
74, 285

113,282
40, 974
72, 308

117,831
44 262
73. 569

120, 966
48 711
72, 255

95, 848
40 552
55, 296

r

90 563
r 41 273
r
49 290

107 544
42 874
64 670

1,942
4,178
508
792

1,841
4,380
479
784

1,880
4,985
527
683

1, 770
4, 122
485
657

1,713
3, 805
453
400

2,013
4. 504
377
442

1,998
4,866
439
404

2,223
6,109
581
303

2,852
6,679
589
468

2,345
5,629
506
529

2 659
5 780
556
456

2 360
5 992
610
532

28, 731
26, 518
14,933
39, 245
28, 014
7,855
13, 163

28, 262
25, 951
15, 459
39, 208
28, 300
7,502
16, 586

24, 131
24, 967
14, 233
35, 955
28, 418
7,396
17, 122

24, 009
23, 959
14, 955
31. 897
29, 326
8,030
17, 341

24, 827
26, 413
15,312
29, 357
28, 507
7,882
17, 467

20, 981
26, 259
11,189
28, 756
24 342
7,337
14, 368

26, 850
22, 007
16, 669
29, 582
25, 692
7,572
17, 868

30.996
27. 484
16, 942
32. 764
31 224
9,488
18, 078

39, 144
37 919
19 868
39, 247
33 936
8,639
21, 728

35, 539
38 515
18 315
39, 881
27 644
8 914
21, 274

34 474
37 043
20 473
41 654
31 002
7 840
21, 925

35
32
17
44
32
8
21

125 694
18,615
1

123 403
23, 362

105 480
21, 694

116 840
25 283

i

284

Pi

284

134 857
97 290

PAINTS, VARNISH, AND LACQUER f
Factory shipments, totalIndustrial sales
Trade sales

__
-

thous. of dol
do
do

SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets, rods, and tubes
_. . - .thous. of lb_.
Molding and extrusion materials
do
Nitrocellulose, sheets, rods, and tubes
do
Other cellulose plastics
do.
Phenolic and other tar acid resins
Polystyrene
Urea and melamine resins
Vinyl resins §
._ _
Alkyd resins §
Rosin modifications
Miscellaneous resins § _ _

__ do__
do
do
__do_ _
do
do
do_ _

305
938
883
506
978
705
788

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 publicly owned utilities mil. of kw.-hr__
Other producers
do
Industrial establishments, total
do
By fuels
- _ _ _ -_ - do
By 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 . _ _ _ _ , _ . _ ._ _ d o
Revenue from sales to ultimate customers (Edison
Electric Institute)
- thous. of dol .

36, 768
31, 536
22, 075
9,461

38, 568
33, 040
22, 597
10, 443

36, 736
31, 515
21, 553
9,962

37, 065
31, 824
22, 132
9,692

36, 052
31, 525
22, 366
9,160

37, 007
32, 523
23, 785
8,738

39, 752
34, 361
25, 844
8,518

38, 759
33, 376
26 019
7,357

40, 511
34, 821
27 797
7,025

39, 351
33, 747
27 225
6,522

42, 310
36 452
28 231
8 221

42, 656
36 663
27 402
9 261

39,165
33 597
24 503
8 995

26, 717
4,819
5, 232
4, 766
466

27, 647
5,393
5, 529
5, 022
506

26, 559
4,956
5,221
4,753
469

26, 910
4,915
5, 240
4,745
496

26, 451
5,075
4,526
4,141
385

27, 249
5,274
4,484
4,159
326

28,860
5,501
5,391
5,026
365

28, 619
4 757
5,383
5,067
316

30, 227
4 594
5,690
5,422
268

29, 338
4 409
5,604
5,361
243

31, 343
5 109
5,858
5 537
321

31,432
5 231
5,994
5,571
r 423

28, 431
5 166
5,567
5 149
418

28, 708

28, 453

27, 766

27, 178

26, 856

26, 914

28, 781

29, 440

29, 279

29 364

30 676

5,048
13, 700
488
7,902
496
318
722
35

4, 945
13, 869
504
7,548
544
298
710
35

4,792
13, 764
458
7, 157
598
268
698
30

4,767
13, 669
444
6,679
639
249
691
40

5,046
13, 069
404
6,544
800
236
713
44

5,361
12, 638
396
6, 567
994
242
671
45

5, 583
14, 097
401
6,657
1,061
262
675
45

5,501
14, 681
398
6,817
1,015
287
698
43

5,236
14, 823
426
6,950
766
321
714
44

5, 185
14,611
433
7,446
605
341
709
34

5 414
14, 888
480
8,259
525
363
714
32

514, 575

504, 334

494, 080

486, 460

488, 551

493, 359

512, 716

521, 495

521, 103

527, 280

550, 592

GASd*
Manufactured and mixed 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
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
r

7,932
7, 376
551
1,156
785
353

7,336
6,819
512
809
491
308

6,713
6,243
468
540
268
263

6 685
6 212
469
799
492
297

165, 655
121, 287
42, 851

120, 928
86, 277
33, 743

83, 954
57 416
25, 932

113 191
80 803
31 550

17, 553
16, 101
1,434
14, 861
6,409
8,037

18, 145
16, 694
1,433
11, 113
3,212
7,529

18 899
17, 441
1,438
9,576
1,329
7,630

19 545
17 970
1 555
13 525
4 126
8 496

648, 863
416, 815
222, 670

434, 422
236, 113
190, 375

315, 515
126, 145
176, 242

554 740
305 859
232 401

Revised.
» Preliminary.
* Based on 1. c. 1. shipments. Data prior to September 1952 are for carlots.
*New series. Compiled by U. S. Department of Labor, Bureau of Labor Statistics. Data prior to February 1951 will be shown later.
tReyised series: Data are estimated total factory shipments of finished paint, varnish, and lacquer. Figures supersede those shown in the SURVEY prior to the June 1952 issue,
which did not measure total shipments.
§ See note "1" in the February 1952 SURVEY and earlier issues regarding changes in classification and coverage beginning with data for January 1951.
| Unpublished revisions for January-July 1950 and 1951 for electric-power production will be shown later.
oPAll sales data formerly expressed in cu. ft. are now published in therms by the compiling source; 1932-49 figures expressed in therms and minor revisions for customers and revenue for
1932-44 will be shown later. Revisions for the first 2 quarters of 1950 are shown in the corresponding note in the October 1951 SURVEY; those for the first 2 quarters of 1951 will be shown later.




SURVEY OF CURRENT BUSINESS

April 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

S-27
If >53

1952
February

March

April

May

June

July

August

October

November

December

January

7,132
7,182
10, 597

6,844
6,852
10, 132

5 787
5,908
9,598

6,686
6,774
9,096

6,621
5,707
9,606

6,191
5,630
9,789

September

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
S tocks , end of month
do
Imports _
thous. of proof gal
Production
thous of tax gal
Tax-paid withdrawals
.
do
Stocks end of month
do
Imports
thous of proof gal
Rectified spirits and wines, production, total d*
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

6,607
5, 604
9,895

7,326
6,099
10, 663

7,439
6,744
10, 891

7,962
7,381
10, 941

15, 547

15, 009

14, 194

11, 642

8,577

6,444

6,453

9,837

20, 691

12, 265

10,558

10, 321

9,548

12, 459
7,747
936, 420
1,210

14, 449
9,757
940, 071
1,515

13, 905
9,573
941, 057
1,314

14, 618
9,345
940, 432
1,362

13 119
9,721
937, 156
1,326

13 140
9,972
932, 414
1,229

13 432
8,006
929, 033
1,088

15,322
11, 509
921, 480
1,575

19 463
15,909
909, 081
2,048

18 966
15, 013
898, 143
2,360

22,785
10, 216
894, 495
2,204

13 398
8,872
829, 357
1,183

9,124
890, 328

9,114
4,646
767, 819
1,102

8,648
5,536
768, 745
1,401

8,045
4,997
769, 763
1,208

6,793
4,546
769, 996
1 265

4,823
5,026
767, 558
1 234

2,515
4,322
763, 490
1 141

2,677
3,980
760, 079

979

3,208
6,204
754, 200
1 443

3, 859
9,053
745, 181
1 826

3,683
8,312
737 913
2 162

5,782
5,676
735, 172
1,977

6,836
5,320
734 248
1 063

6,939
5,307
733, 138

6,091
5,410

7,090
6,186

6,944
6,037

7, 422
6,469

7,024
6,150

7,590
6, 389

5,936
4,785

8,585
7,504

11, 446
10,116

11,536
10, 455

7,732
6,614

6,103
5,091

6,634
5,721

67
61

55
59

8 975
8,412
10, 962

10 116
9, 2G6
11, 190

8 634
8 159
11, 126

r

1,334

201
69

1. 354

129
71

1,458

1,510

1,515

1, 503

1,518

1,467

1,384

1,274

64

86

96

1,368
10, 630
210, 203

1,462
11, 411
199, 116

1,644
10, 453
189, 087

1,640
9,368
181,416

853

547

9.120
170, 606

7,980
162, 733

1,741
8,440
153 728

20, 940
11, 993
162 350

66 382
13, 822
219 565

25 764
12, 333
233 390

6 622
11 637
225 069

6, 870

49,009

124 199

55 656

17 406

27

292
526

31

416
456

31

427
770

36

365
126

102
86
35

360
155

100
78

63
73

29

28

272

1,758

r

297

62
112
40

324

90
158

513

82
182

589

77
197

1,139

33

589

396

DAIRY PRODUCTS
Butter, creamery:
78, 795
Production (factory) i
thous. of Ib
7,879
Stocks, cold storage, end of month
do
.845
Price, wholesale, 92-score (New York)_dol. perlb_.
Cheese:
70,860
Production (factory), totalj
thous. of Ib
47, 125
American, whole milkt_
___
do
166, 040
Stocks, cold storage, end of month, total. __do
142, 945
American, whole milk
_ do
3,385
Imports
do
Price, wholesale, American, single daisies (Chi.436
cago)
_ dol. per Ib
Condensed and evaporated milk:
Production:!
Condensed (sweetened):
14, 400
Bulk goods
thous. of Ib
6,400
Case goodsO
do
163, 800
Evaporated (unsweetened), case goods. _do
Stocks, manufacturers', case goods, end of month:
7,388
Condensed (sweetened)
thous. of lb__
74, 266
Evaporated (unsweetened)
do
Exports:
3,215
Condensed (sweeten ed)_._
_do
7,025
Evaporated (unsweetened)
do_._
Prices, wholesale, U. S. average:
10.80
Condensed (sweetened)
dol. per case _
6.34
Evaporated (unsweetened)
do
Fluid milk:
8,151
Production
mil of Ib
2,731
Utilization in mfd. dairy products
do
5.49
Price, dealers', standard grade
dol. per 100 lb__
Dry milk:
Production: J
6,830
Dry whole milk
thous. of lb_.
49, 250
Nonfat dry milk solids (human food). __do
Stocks, manufacturers', end of month:
14, 605
Dry whole milk
24, 451
Nonfat dry milk solids (human food) . do
Exports:
3,494
Dry whole milk
__ _ _ _ d o __
7,908
Nonfat dry milk solids (human food)
do
Price, wholesale, nonfat dry milk solids (human
.156
food), U- S. average
dol. per lb__

93, 095
6,505
.738

104, 120
10, 522
.714

134, 980
30, 821
.693

130, 210
68, 616
.690

121, 465
99, 751
.714

108, 320
111, 400
.737

94,885
111,319
.732

89, 575
102, 177
.716

76,420
83, 951
.699

95, 855
72,723
.678

86,350
59, 025
155, 195
133, 815
2,832

103, 235
75, 075
158, 949
139, 705
3,263

139, 160
107, 525
185, 927
164, 654
1,904

139, 870
109. 780
217, 604
192, 920
2,942

121, 925
94, 815
239, 632
211, 477
3,873

112, 370
85, 340
253, 563
222, 933
3,502

99 235
73,905
262, 467
231, 503
6 486

89 090
63 270
256, 885
225 317
5 939

78 110
53 290
242, 509
210 029
5 699

84 840
55 330
238, 803
205 178
4 454

.429

.423

.429

.435

.436

.444

465

463

457

17,600
7,350
205, 000

21,250
4,500
261, 850

36,920
4,200
369,500

27, 400
4,750
349, 000

20,660
3,500
273,250

21, 200
3 650
' 277, 300

14, 600
3 250
243, 500

10 250
3 725
208, 000

8,237
76, 443

7,726
112, 232

8, 339
264, 340

9,540
392, 212

7,975
417, 109

7,482
480, 266

8,354
508, 805

4,729
5,676

2,301
8,296

2,656
8.031

1,528
10,351

2,321
10, 570

1,665
9,029

10.80
6.38

10.80
6.39

10.80

10.80

a 30

10.80
6.33

9,421
3,292
5.47

10, 134
3,823
5.33

12, 056
5,061
5.26

11 879
4,972
5.22

8,540
67,800

8,945
82, 050

11, 035
120, 850

13, 344
34, 662

14 518
54, 813

5,371
4,305

106, 095
' 85, 737
.670

102, 770
100, 817
.668

87 355
58, 765
227, 499
194 286
6 982

85 410
60 010
217, 537
185 491

431

427

422

9 050
3 275
167, 100

10 100
4 575
171, 750

5 050
170, 600

4 550
160,000

7,190
493, 073

7,519
447, 175

8,320
382, 563

8,662
313, 741

10,154
262, 904

1,484
5,764

1,361
12, 342

1,071
7,740

365
6,539

2 334
8 956

10.80
6.38

10 80
6.39

10 80
6.40

10 80
6.39

10 80
6.33

6.27

11 017
4,439
5.33

10 238
4^062
5.43

9 126
3,553
5.54

8 664
3,247
5.65

7 891
2,769
5.70

8 389
3,250
5.63

3,458
5.50

3,348
5.40

13, 570
115, 875

9,950
85, 300

9,900
70,650

6,175
50 590

5,475
45 100

4,840
43 000

5,840
65 950

7,400
78 ftftft

7,150
80 300

16 761
108, 576

19 287
150, 593

21 385
162 150

23 963
167 428

22 273
153 762

20 212
135 177

1 7 OHO

1 r -I 01

124 553

127 715

-100 ORE

128 820

2,499
4,415

2,842
9,839

5,118
2,303

3 453
3 567

2 921
5 824

2 599
2 515

3 186
3 365

3 695
4 IQfi

3 694
8 851

3 495
2 70fi

.159

.163

.163

.163

.165

.165

.167

.166

.166

.164

.163

.160

2,047
10, 753
10, 472

2.008
5,983
11, 397

1 450
2,894
11. 218

935

283

282
9,561

405

153
9,709

289
238
5,994

1 439
6,221
5,131

5 520
26, 892
5,345

n CAQ

1,037
12, 605

24, 941
6,417

20,061
13,280

15, 265
10, 892

10, 810
10,804

471, 101

466, 735

475, 636

537, 679

580, 264

593, 518

578, 699

556, 897

532, 993

493, 402

455, 479

r

481, 129

496, 124

398, 699

348, 023

313, 708

301, 739

336, 911

385, 494

463, Oil

530, 091

576, 522

569, 974

534, 933

' 494, 893

448,012

23,087

20, 520

' 5. 369

" 5. 315

a 32

r
r

6.21
Q RQO

1 9 &.AA

FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous . of bu _ _
Shipments, carlot _ _.
no. of carloads
Stocks, cold storage, end of month. _thous. of bu__
Citrus fruits, carlot shipments
no. of carloads. _
Frozen fruits, stocks, cold storage, end of month
thous. of lb_.
Frozen vegetables, stocks, cold storage, end of
month
thous. of lb_.
Potatoes, white:
Production (crop estimate) t
_._thous. of bu._
Shipments, carlot
no. of carloads .
Price, wholesale, U. S. No. 1 (New York)
dol. per 100 lb_.

i 92 ggg

o~o]io~

n 740

22,043

24,138

13,534

12, 825

24, 094

13, 037

12,335

16, 473

21, 436

17, 274

i 347 504
18, 272

6.660

6.025

5.820

5.570

4.844

6.708

7.025

6.188

4.792

5.481

4.971

T

'Revised
* Preliminary.
i December 1 estimate.
cPFigures beginning July 1952 exclude production of wines and vermouth; for July 1951-June 1952, such production totaled 91,000 gallons.
^Revisions for production of dairy products prior to November 1950 are available upon request as follows: Beginning 1949 for butter, cheese, and nonfat dry milk solids; beginning 1950 for
condensed and evaporated milk and dry whole milk. Revisions for fluid milk (January 1940-February 1951) will be shown later. Revised estimates for production of y
potatoes for 1944-49 are
shown in corresponding note in the September 1952 SURVEY.
*»**-*» mo
©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 1953
1953

1952

February

March

April

May

June

July

August

September

October

November

December

January

45, 025

40,261

56,484

52, 510

February

FOODSTUFFS AND TOBACCO—Continued
GRAIN 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. per bu__
No 3 straight
do
Corn:
Production (crop estimate) !
mil of bu
Grindings, wet process
thous. of bu_.
Receipts, principal markets
do
Stocks, domestic, end of month:
Commercial
do
On farmst
mil of bu
Exports, including meal
thous. of bu _
Prices, wholesale:
No. 3, white (Chicago)
dol. per bu__
No 3 yellow (Chicago)
do
Weighted average, 5 markets, all grades.. do
Oats:
Production (crop estimate)!
Receipts, principal markets
Stocks, domestic, end of month:
Commercial

mil ofbu
thous. of bu
do

Exports including oatmeal
do
Price, wholesale, No. 3, white (Chicago) -dol. per bu__
Rice:
Production (crop estimate)!
thous. of bu._
California:
Receipts domestic rough
thous. of Ib _
Shipments from mills milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of month
thous. of lb_Southern States (Ark., La., Tenn., Tex.):
Receipts, rough, at mills
..._- thous. of lb__
Shipments from mills milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis), end of month
thous. oflb_Exports
do
Price, wholesale, head, clean (N. O.)__dol. per lb._

Rye:
Production (crop estimate)!
thous ofbu
Receipts, principal marketsf
do
Stocks, commercial, domestic, end of month.do
Price, wholesale, No. 2 (Minn.)
dol. per bu_.
Wheat:
Production (crop estimate) total!
mil
Spring wheat
Winter wheat
Receipts, principal markets
thous.

ofbu
do
do
of bu_.

Stocks, end of month:
Canada (Canadian wheat)
do
TJnited. States domestic totalcf1!
do
Commercial
_
_ __do__
Interior mills, elevators, and warehouses
thous. of bu__
Exports total including
Wheat only

flour

'

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

57,084

69, 324

50, 863

52, 903

38, 061

22, 169

35, 649

38, 870

i 227, 008
8,294
7,659

9,481

7,787

7,194

7,909

6,172

10, 110

23, 234

11, 264

8,613

21, 005

16, 385

14, 646

17. 899

16, 967

1,187

3,560

5,575

20, 085
132, 890
6,207

18, 989

2,305

14, 798
2
38, 046
880

14, 861

3,903

19, 160
77, 962
4,024

4,367

1.549
1.407

1.492
1.331

1.423
1.308

1.443
1.234

1.530
1.316

1.612
1.430

1.709
1.648

1.626
1.480

1.631
1.545

10, 002
32, 248

10, 486
27, 248

10, 745
18, 316

10, 487
17, 358

9,964
20, 041

9,557
14, 293

10, 194
18, 206

11, 006
21, 567

63, 778

61, 849
1, 052. 7
10,833

50, 173

40, 813

17, 167

7,532

6,859

32, 526
599.7
4, 375

20, 772

4,839

3,689

2,854

1.998
1.802
1.587

1.847
1.637

1.868
1.818
1.731

1.842
1.756

1.900
1.830
1.763

1.808
1.735

5,826

6,805

6,602

11,715

9,130

17, 065

9,057

11, 966

493
.912

11, 785
519, 236
778
.931

16, 038
2 245, 772
378
588
.833
.908

131, 132
129, 926

120, 622
73, 485

50, 534
65, 063

215
.887

6,877

5,380

11, 902

10, 717

3,829

13,415
99 177
4,237

1.598
1.505

1.612
1.457

1.581
1.456

1.546
1.395

12, 095
48, 645

10, 769
56, 549

i 3, 307
9,965
33, 489

10, 700
22,037

10,336
18, 195

18, 186
171. 4
5,275

31, 204

60, 880

46, 101

16,005

62, 039
2 173 2
22, 183

51, 032

7,237

1.808
1.764

1.760
1.716

1.586
1.571

1.575
1.569

1.630
1.597

21, 604

22,030

10, 705

5,573

4,735

11,268
13, 979

24, 101

30, 814

30, 140

26, 546

328
.829

319
.865

34, 204
1,006,932
223
.920

'311
.907

278
.904

' 61, 946 r 40, 996
36, 124
33, 526

23,302
41, 993

12, 593
3,298

177, 837
61, 546

154, 481
66, 808

7,276

12, 153

65, 882

2

1,374

16, 087

2.081
1.605
1.573

1.551
1.525

6,708

6,884

21, 592

19, 819

238
.881

.880

110, 166
93, 444

88, 012
69, 705

89, 398
78, 442

107, 170

90, 015

80, 077

62, 143

25, 041
791, 661
279
.919
1 108, 133

65, 414
35, 882

42, 642

54, 187

25, 175

32, 838

48, 200

30, 032

125, 522
125, 513

129, 682
181, 874

187, 253
217, 515

134, 497
277, 223

91, 122
211, 604

11, 757
108, 570

598, 059
193, 280
.105

511, 299
104, 199
.105

442, 860
129, 517
.105

285, 248
259, 380
.105

153, 772
121,058
.105

61, 979
141, 312
.105

51, 859
.105

101, 657
.104

199, 214
.105

149, 231
.106

203, 331
.108

203, 925
.108

.108

636
5,844
1.915

864
5,321
2.027

480
2,825
1.945

1,163
2,024
1.928

547
1,278
2.038

2,449
1,568
1.972

1,770
3,210
1.951

815
3,285
1.861

328
2,917
1.914

302
2,698
1.978

115,910
2,470
2,892
1.920

321
2,685
1.831

239
2,254
1.751

23, 399

15, 809

29, 072

24, 341
341, 104

22, 191

23, 598

213, 163

202, 169
517, 914
124, 865

202, 564

208, 850

144, 640

47, 844
r 43. 203

112, 357
80, 760
197, 895
53, 349
49, 049

2.505
2. 492
2.547
2.422

2. 540
2.496
2.492
2.436

87, 348
269, 976

149, 329

59, 153

43, 666
211 559

23, 804

189, 545

190, 469
308, 618

224, 407
1, 344, 121
313, 561

242, 463

279, 426

88, 937

195, 182
255, 594
2 93, 924

39, 759
36,154

41, 731
38, 563

2 57, 879
2 39, 568
2
63, 079
32, 205
27, 973

21,417
17, 232

2.503
2.492
2.440
2.414

2.485
2.446

2. 505
2.306
2.104
2.350

2.547
2.251
2.154
2.314

101, 851

2.405

2

11,291.4
i 238. 6
11,052.8
23, 372
21, 383
248, 742
251,212
237, 465
1, 102, 932
276, 075 ' 260, 102

261, 241

265, 465

293, 700

240, 968

231, 647

26,831
23, 385

365, 177
150, 243
510 819
27, 154
22, 744

33, 051
29, 193

20, 149
16, 146

311,409
128, 199
399, 412
29, 786
24, 547

34,811
30, 873

2.447
2.323
2.211
2.413

2.470
2.409
2.288
2.474

2.504
2.416
2.329
2.519

2.541
2.458
2.306
2.567

2.533
2.445
2.329
2.568

2.490
2.402
2.380
2.530

2.492
2.3582.355
2.505-

Wheat flour:
Production:
19, 099
17, 920
18, 065
18, 101
18, 519
17, 041
19, 177
17, 599
19, 714
19, 783
18, 671
18, 990
Flour
_
_
thous. of sacks (100 lb.)__
21, 081
78.2
79.1
79. ft
76.5
73.6
77.5
75.3
82.3
87.3
84.7
88.9
79.3
Operations percent of capacity
82.7
362. 804
364, 216
387, 693 386, 219
352. 881 367, 535
337, 000=
396, 826
398, 000
377, 270
380, 000
424, 466
Offal
short tons.. 376, 243
44, 530
42, 025
42, 217
39, 435
44, 698
42, 234
43, 337
41,096
45, 968
45, 901
43, 458
44, 107
Grindings of wheat __
_
__thous. of bu__
49, 088
Stocks held by mills, end of month
5,033
4,360
4,834
4,152
thous. of sacks (100 lb.)_.
1,845
1,992
1,796
1,479
1,547
1,893
1,360
1,816
1,718
2,248
1,656
1,690
Exports
do
Prices, wholesale:
Spring, short patents (Minneapolis)*
5.590
5.720
5.675
5.505
5.630
5.865
5.585
5.390
p 5. 852
5.635
dol. per sack (100 lb.)._
5.830
5.825
«• 5. 765
5.225
5.225
5.650
5.325
5.600
5.500
5.575
5.375
5.625
v 5. 422
5.500
5.525
5.525
Winter, hard, short patents (Kansas City) *. _ do_ _
f2 Revised.
* Preliminary.
1 December 1 estimate.
Old crop only; new grain not reported until beginning of new crop year (July for barley, oats, and wheat; October for corn).
3 No quotation.
JThe indicated grain series have been revised as follows: Production—barley, corn, oats, 1944-49; rye, wheat, 1945-49; rice, 1949; stocks on farms—barley, corn, oats, 1944-49; wheat, 1945-49;
domestic disappearance of wheat and total United States stocks of domestic wheat, 1945-49. All revisions will be shown later.
tRevised series. Data are furnished by the Chicago Board of Trade and represent receipts at 12 interior primary markets; for names of markets and data for January 1948-July 1950, see
note marked "t" on p. S-28 of the October 1951 SUKVEY.
cf The 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 CUERENT BUSINESS

April 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

S-29
1953

1952

February

March

April

May

June

July

August

September

October

November

December

January

February

523
1,252

422
1,170
1,609
80

26.04

23.41
20.91
P 33. 51

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 100 lb_.
Steers, stocker and feeder (Kansas City)__do
Calves, vealers (Chicago)
do
Hogs:
Slaughter (Federally inspected)
thous. of animals _ _
Receipts, principal markets
do
Prices:
Wholesale, average, all grades (Chicago)
dol. per 1001b__
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 1001b__
Lambs, feeder, good and choice (Omaha)-.do

343
985
* 1, 532
158

397
927
1,473
143

33.78
32.06
37.00

33.41
31.99
38.50

33.39

5,779
3,626

405
938

388
1,009
1,593
155

392
966
1,584
152

430
1,100
1,898
185

32.22

37.00

33.29
32.06
36.75

34.50

32.53
25.24
32.00

32.00

5,776
3,561

5,281
3,163

4,482
2,800

4,259

3,641

2,771

2,268

17.07

16.56

16.58

19.61

19.25

10.4

10.1

9.8

11.8

11.2

990
••980
109

971
988
119

941
1,068
131

939
1,070
141

26.88

28.88

0)

0)

28.12
0

1,557
1,320
65

566, 992
252, 350
892

28.00
0)

1,581
128
31.32

338

496
1,215
2,641
563

602
1 390
3, 101
1,088

2,379
667

250

453
1,313
1,877
184

32.52

32.19

31.37
22.31

31.50

32.09
22.76
33.00

33.00

28.77
20.50
29.00

21.73
' 30. 50

3,592
2,203

4,290
2,540

5,492
3,099

5,772
3,326

4,233

3,571

6,267

4,550
2,562

19.96

19.98

19.11

18.55

16.76

16.52

17.98

19.39

11.6

12.1

11.2

12.2

11.5

10.7

12.0

13.5

926
1,045
133

908
1,067
176

1,020
1,455
479

1,243
2,119
722

2,228

1,427

1,069
1,289
319

1,218
1,267
203

1,289
1,295
147

1,088
1,038
83

28.38

28.38
24.25

28.62
24.63

25.50

23.88

23.10

21.25

22.62
20.50

21.62
19.18

21.50

0)

22.38
20.01

1,476
1,201
62

1,444
1,161
44

1,418
983
49

1,395
825
50

1,527
696
37

1,819
636
55

1,742
779
59

2,127
1,046
59

1,999
1, 038
65

1,572
1,048

610, 297
224, 432
1,636

582, 712
201, 504
1,531

659, 036

669, 445

713, 624
184, 158
1,150

801, 489
214, 594
1,365

662, 271
252, 306
1,153

775, 091
287, 258
877

701, 489
273, 935

27.21

426
1,135

2,078

25.17

23.57

788

510
1,151

2,023

7,251

20.52

MEATS
Total meats (including lard):
1,715
1,656
Production (inspected slaughter)
mil. of l b _ _
1,264
1,313
Stocks cold storage end of month
_ do
94
115
Exports
do_. .
Beef and veal:
557, 237
Production (inspected slaughter)
thous. of lb__ 693, 420
265, 700
267, 437
Stocks cold storage end of month
_ do
1,116
1,006
Exports
do __
Price, wholesale, beef, fresh, steer carcasses, choice
.562
.560
(600-700 Ibs.) (New York)
dol. per lb__
Lamb and mutton:
48, 986
48, 201
Production (inspected slaughter)
thous. of lb_.
13, 532
14, 896
Stocks, cold storage, end of month
do
Pork, including lard, production
(inspected
1
slaughter)
thous. of lb_. 1, 072, 252 1, 050, 706
Pork, excluding lard:
771, 472
759, 957
Production (inspected slaughter)
do
Stocks cold storage end of month
_ _ __do_ __ 793, 870 822, 006
8,512
7,675
Exports
do
Prices, wholesale:
.527
.526
Hpms smoked composite
dol. per Ib
.448
.423
Fresh loins, 8-12 Ib. average (New York)__do
Lard:
213, 346
Production (inspected slaughter)
thous. of lb_. 220, 934
154, 272
138, 155
Stocks, dry and cold storage, end of monthf-do
100, 339
79, 627
Exports
do
.153
.175
Price, wholesale, refined (Chicago) ___dol. per lb_.

171,444

1,666

167,437
1,240

735, 078
' 286, 299
1,319

r

r

.564

.559

.540

.534

.559

.562

.556

.545

.514

.477

.432

45, 703
13, 067

45, 306
16, 141

41, 392
14, 902

38, 601

43, 880

11,318

52, 839
12, 553

61, 726

47, 505
17, 580

56,616
21,912

61, 371
20, 816

53, 166
21,900

944, 623

820, 518

819, 934

720, 191

681, 587

760, 409

955, 425 1, 031, 841 1,335,205 1, 162, 504

816, 995

682, 678
823, 741

594, 319
727, 665

601, 250
685, 033

506, 990
407, 558

571, 228
290, 931

715,279

9,285

525, 855
542, 707
10, 833

234, 894

601, 403
609, 071

.531
.550

.569
.535

.585
.552

.616
.612

.571
.569

127, 696

7,997

.531
.430

8,655

11,814

5,892

5,673

191,803

165,818

177, 554
51, 552
.145

184, 595
46, 395
.145

160, 274
214, 678
29, 038
.145

141, 823
208, 025
32, 421
.140

167,718

37, 288
.138

138, 047
143, 223
26, 611
.143

16,002

765, 850
319, 643

984, 200
489, 152

.569
.515

.552
.449

.559
.402

175, 664
43, 043
.143

194, 381
136, 610
46, 638
.133

r

256, 269
210, 994
44, 347
.113

5,768

111,912

7,386

r

8,742

841, 949
595, 546

8,605

r

.581
.424

v . 595
.464

234, 448
241, 760
50 867
M20

157, 799
241, 890

38, 884
261, 072
.310

34, 125
217, 020
.318

».125

POULTRY AND EGGS
Poultry:
Receipts 5 markets
thous. of Ib
Stocks, cold storage, end of month
do
Price, wholesale, live fowls (Chicago) §_dol. per lb. .
Eggs:
Production, farm
millions. _
Dried egg production
thous. of lb_Stocks, cold storage, end of month:
Shell
thous. of cases
Frozen
-thous. of Ib
Price, wholesale, extras, large (Chicago)
dol. per doz_-

35, 067
270, 397
.295

42, 273
232, 832
.295

41, 462
194, 965
.258

58, 058
185, 688
.225

52, 212
174, 040
.218

47, 806
157, 045
.215

52, 536
144, 508
.235

64, 955
182, 786
.245

81, 748
279, 191
.225

74, 618
294, 424
.250

70, 745
278, 595
.263

' 5, 668
' 1, 916

6,441

6,191

2,220

5,983
2,037

5,032

4,463

4,155
1,140

4,108
1,069

4,402

4,510
957

5,063

758

685

5,441
442

5,328
1,168

942
60, 576

1,596
84, 295

2,184
111, 185

3,184
145, 863

166, 419

163, 359

2,169
144, 326

1,709
123, 661

1,000
95, 333

393
72, 462

153
50, 176

r
120
' 34, 980

248
42, 123

.364

.382

.396

.359

.404

.525

.553

.553

.631

.560

.489

.454

.443

2,325

1,427

3,357

1,571

2,728

r

MISCELLANEOUS FOOD PRODUCTS
60 318
54, 335
74, 423
84, 067
47, 200
78, 125
101, 012
101, 394
113, 374
83,802
99, 443
60, 948
Confectionery, manufacturers' sales*-. .thous. of dol__
' 87, 060
Cocoa:
24, 020
28, 786
12, 977
30, 307
28, 764
27, 023
13, 272
37, 144
8,705
Imports
long tons
4,210
9,043
32, 530
.381
.384
.378
.384
.381
.358
p. 301
.308
.318
.333
.340
.354
Price, wholesale, Accra (New York)__dol. per lb._
.318
Coffee:
1,521
953
1,024
1,015
1,331
1,177
Clearances from Brazil, total
thous. of bags. 1,456
1,450
1,453
1,455
1,269
1,160
1,601
899
624
566
719
626
758
817
1,045
To United States
do
788
757
846
893
924
691
850
756
579
955
966
529
691
889
712
611
605
Visible supply United StatesJ
- - do
776
2,042
1,707
1,408
1,126
1,228
2,280
1,615
1 394
2,205
1 869
1 839
1,454
Imports
do
Price, wholesale, Santos, No. 4 (New York)
.530
.535
.533
.545
.550
.548
.545
dol. per lb__
.538
.535
.548
p. 552
.540
r.540
Fish:
58, 606
51, 478
37, 963
72, 504
29, 224
64, 754
76, 851
49, 126
31, 529
26, 363
54, 114
Landings fresh fish Sports
thous. of lb__
20, 492
123, 762
152, 396
113, 544
176, 254
125, 704
113, 996
210, 658 r 192, 818
190, 493
183, 826
Stocks, cold storage, end of month
do
200, 944
170, 263 142, 040
r
Revised.
*> Preliminary.
1 No quotation.
fRe vised series. Compiled by the U. S. Department of Commerce, Bureau of the Census, representing factory and warehouse stocks of rendered and refined lard; data prior to February
1952 will be shown later.
§ Series revised to represent quotations for heavy type.
*New series. Compiled by the U. S. Department of Commerce, Bureau of the Census, representing estimated total sales by manufacturers of confectionery and competitive chocolate products. The figures exclude sales of chocolate coatings and cocoa produced by chocolate manufacturers and sales by manufacturer-retailers with a single business location. Revised data for
January 1949-June 1951 are shown in corresponding note in the September 1952 SURVEY.
JFor 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 Surrey

April 1953

1952

February

March

April

May

June

July

1953

August

September

October

November

December

January

February

2,170

1,970

2,679

388 838
194 722
123, 853

69 484
469, 755
149, 498

34, 014
398, 576
143, 730

FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS—Con.
Sugar:
Cuban stocks, raw, end of month
thous. of Spanish tons__
United States:
Deliveries and supply (raw basis) :
Production and receipts:
Production
short tons
Entries from off-shore
do
Hawaii and Puerto Rico
do
Deliveries , total
_ ._
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
Prices (New York):
Raw, wholesale
Refined:
Retail
Wholesale
Tea, imports

1,883

3,033

4,033

32, 439
293, 390
40, 217

24, 680
692, 525
221, 145

544, 553
542, 900
1,653
1,473
1,122

275, 173
232, 234
42, 938

4,423

4,388

3,970

3,645

3,320

2,895

2,620

29,006
596, 991
180, 047

18, 150 ; 46, 465
673, 682 503, 896
200, 747
142, 458

34, 190
617, 564
167, 422

9,971
573, 936
177, 671

91, 126
725, 621
237, 299

602, 545
387, 590
273, 166

732 540
226, 961
108, 362

862, 480
860, 405
2,075

612, 641
608, 995
3,646

596, 990
595, 062
1,928

896, 355
894, 103
2,252

758, 308
755,061
3,247

734, 684
731, 376
3,308

744, 355
742, 146
2,209

680, 035
677, 919
2,116

519, 868
518, 373
1,495

596, 070
593 793
2 277

576, 630
574, 789
1,841

546, 884
545, 674
1.210

1,241
11, 522

1,283
25, 423

1,400
31, 620

1,114
28, 369

917
6,116

831
2,525

697
649

1,045
12, 376

1,518
r
625

1,602
527

1,587
377

1,513

401, 937
307, 151
91, 754

344, 860
281, 355
62, 886

436, 800
310, 072
126, 728

359, 836
199, 168
160, 667

356, 970
208, 611
148, 359

346, 907
245, 485
83, 858

305, 205
240, 343
63, 861

124, 473
96, 836
17, 875

120, 331
102, 213
9,599

156 891
129 183
23 964

269, 495
205, 264
58, 542
37, 924
32, 493

r

r

do
do _

22, 073
21, 873

27, 245
26, 895

52, 053
51, 403

31, 464
30, 664

36, 198
35, 524

38, 106
33, 287

43, 038
41, 012

46, 738
43, 590

40, 675
35,160

2,618
0

7 198
350

dol per Ib

.059

.063

.062

.062

.066

.066

.064

.065

.066

.064

.060

dol per 5 Ib
dol per Ib
thous. of Ib

.480
.080
6,659

.476
.080
9,855

.489
.085
8,798

.492
.085
7,132

.492
.085
7,044

.494
.086
8,482

.494
.086
8,094

.495
.086
9,506

.495
.086
7,430

.495
.086
5,530

.494
085
6 931

TOBACCO
Leaf:
Production (crop estimate) J
mil . of Ib
Stocks, dealers' and manufacturers', end of quarter total
mil oflb
Domestic:
Cigar leaf
do
Air-cured, fire-cured, flue-cured, and miscellaneous domestic
mil of Ib
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
Snuff
do
Consumption (withdrawals) :
Cigarettes (small):
Tax-free
millions
Tax-paid .
_ . _ .do_ __
Cigars (large), tax-paid
thousands-Manufactured tobacco and snuff, tax -paid
thous. of lb_.
Exports, cigarettes
millions
Price, whosesale, cigarettes, manufacturer to
wholesaler and jobber, f. o. b. destination*
dol. per thous.-

4,245

.060

p .062

.493
.085
10, 466

p .490
v 084

1 2 207
4 493

3 951

3,828

r

402

387

362

343

3,648

3 244

3 410

r 3 ggs

29, 752
8,862

19
176
25, 891
7,466

18, 126
7,685

27, 078
8,978

19
179
27, 497
7,987

26, 087
8,966

34, 730
9,619

18
161
50, 451
9,173

41, 777
9,584

43, 055
8,226

19
168
36, 739
7 736

30, 746
8,918

18, 553
7,253
7, 826
3,473

1?, 312
6,705
7,729
3,478

18, 048
6,898
7,852
3,298

18, 892
7,328
8,456
3,109

18, 444
7,324
7,995
3,126

16, 319
6,827
7,230
2,263

18, 554
7,011
8,373
3,170

20, 051
7,366
9,406
3,279

21,342
7,936
9,781
3,625

16, 123
6 378
6,843
2 903

16, 369
6 469
6 662
3 237

16, 682
6,394
6,893
3 396

2,974
29, 308
446, 560

3,107
29, 878
478, 101

2,889
31, 774
491, 964

3,348
32, 920
496, 512

2,365
34, 511
496, 450

2,833
33, 837
504, 045

4,366
35, 972
485, 006

4,325
34, 950
526, 696

4,294
37, 372
624, 867

3,408
30, 386
497, 950

2 859
30, 066
438, 744

18, 490
1,215

16, 759
1,566

18, 076
941

18, 331
1,492

18, 443
1,043

15, 744
1,329

18, 787
1,810

19, 287
1,266

21, 392
1,304

15, 357
1 244

3.555

3. 555

3.555

3.555

3.555

3.555

3.555

3.555

3.555

2,650
32, 498
480, 818

31, 881
452, 150

14, 984
1,626

17, 841
1 306

15, 849

3.555

'3.555

>• 3. 555

3.555

r

LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins %
thous. of Ib
Calf and kip skins
thous. of pieces
Cattle hides J
do
Goatskins J-.
do
Sheep and lamb skins
do
Prices, wholesale (Chicago) :
Calfskins, packer, heavy, 9^/15 Ibs.* dol. per lb__
Hides, steer, heavy, native, over 53 lbs.*.._do

10, 717
26
109
1,613
880

10, 388
27
74
1,770
1,998

16, 447
169
128
1,812
3,228

12, 771
127
r
87
2,015
1,565

19, 148
164
133
r
2, 320
r
4, 007

19, 460
211
232
3,416
1,903

16,003
209
75
2,648
2,520

11,963
194
90
2,804
1,100

13, 759
97
45
2,796
2,059

9 134
142
21
2 381
720

14 149
182
50
3,771
1,195

12 429
137
20
3 673
1 392

.375
.133

.325
.128

.275
.103

.388
.143

.388
.148

.425
.155

.450
.175

.475
.160

.488
.160

.513
.170

.488
.165

.488
.120

p. 550
».137

LEATHER
Production:
792
732
703
805
769
Calfandkip.
.thous. of skins
685
914
967
1,046
847
994
930
1,782
1,862
1,753
1,880
1,827
Cattle hide. _
thous. of hides..
1,610
2,224
1,879
1,910
1,959
2 107
2 093
2,440
2,337
2,513
2,430
2,417
2 793
Goat and kid
thous. of skins
2,595
2,293
2,338
2,939
2 577
2 989
2 441
2,081
2,102
2,279
2,291
2,315
1,911
Sheep and lamb—
do
2 953
2,718
2 555
2 243
2 215
Exports:
Sole leather:
27
60
16
25
10
Bends, backs, and sides.
. thous. of Ib _
56
39
25
75
24
65
57
49
113
76
20
Offal, including belting offal
do
35
73
45
51
92
13
96
4£
r
1,925
2,482
2,587
Upper leather
thous. of sq. ft_2,134
2,440
2,270
3,125
2,798
2,288
2 818
2 512
3 000
Prices, wholesale:
.710
Sole, bends, light, f. o. b. tannery *.._ dol. perlb__
2.740
.670
.670
.705
.705
.695
.690
.710
.685
.705
.705
».680
Upper, chrome calf, B and C grades, f. o. b. tan.842
.842
.835
.805
nery*
dol. persq. ft_.
.848
.873
.928
.890
.938
.955
.987
.968
"LOOO
r
Revised.
v Preliminary.
1 December 1 estimate.
2 Specification changed; earlier data not strictly comparable.
^Revisions for tobacco (1944-49) are shown in note marked "§" in the September 1952 SURVEY; those for the indicated series for hides and skins (1950) in note marked "1" in the October
1951 issue.
*New series. Compiled by U. S. Department of Labor, Bureau of Labor Statistics; data prior to August 1951 for sole leather and prior to February 1951 for upper will be shown later.




SURVEY OF CURRENT BUSINESS

April 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

S-31

1952
February

March

April

May

June

July

1953

August

September

October

November

December

January

February

45,268

LEATHER AND PRODUCTS—Continued
LEATHER

MANUFACTURES

Shoes and slippers :t
Production, total..
_ thous. of pairs. _
Shoes, sandals, and play shoes, except athletic,
total
thous. of pairs
By types of uppers :d*
All leather
do
Fart 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, f. o. b. factory:*
Men's and boys' oxfords, dress, cattle hide
upper, Goodyear welt
dol. per pair..
Women's oxfords (nurses'), side upper, Goodyear welt
dol. per pair
Women's and misses' pumps, suede split do

42, 518

43, 967

43,082

41, 436

39, 747

38, 520

46, 552

44, 100

46, 341

38 932

42, 033

39,133

40,142

38, 879

37, 248

35, 408

33, 946

40 703

37 842

39 185

32 659

37 303

41 778

34,081
5,052

34,408
5,734

32, 658
6,221

31,536
5,712

30, 735
4,673

29,938
4,008

36, 385
4,318

33, 906
3 936

35, 057
4 128

29, 080
3 579

32 750
4 553

36, 278
5,500

8,541
1,371
20, 365
5,667
3,189
2,851
233
301
321

8,531
1,374
21, 191
5,785
3,261
3,277
223
325
400

8,613
1,369
20, 363
5,292
3,242
3,647
216
340
386

8,462
1,492
18, 973
5,168
3,153
3,626
209
353
352

8,279
1,586
17, 926
4,728
2,889
3,816
181
342
280

7,256
1,485
18, 385
4,393
2,427
4 070
169
335
246

8,986
1 949
21, 910
5 135
2 723
5 249
234
366
331

8 775
1 826
19 419
5 040
2 782
5 638
264
356
386

9 339
1 709
19 446
5 553
3 138
6 442
286
428
433

7 866
1 442
15 580
4 882
2 889
5 668
237
368
346

9 010
1 539
18 028
5 585
3 141
4 161
'229
340
305

8,953
1 558
21 718
6 257
3 292
2 946
226
318
293

5.523

5.523

5.311

5.126

5.126

5.126

5.126

5.126

5.126

5.151

5.214

5.214

v 5. 214

4.861
3.767

4.861

4.678

4.646

4.646
3.700

4 479
3.700

4 479
3 700

4 479
3 700

4 479
3 700

4 529
3 700

4 629
3 716

4 629
3 716

p

243 479

189 269

4 629
v 3 716

LUMBER AND MANUFACTURES
LUMBER—ALL TYPES
94, 248
Exports, total sawmill products M bd. ft
168, 653
Imports, total sawmill products
do
National Lumber Manufacturers Association:©
2,805
Production, total
mil. bd. ft
626
Hardwoods _
_ _
do
2,179
Softwoods
do
2,879
Shipments, total
_ __ __ . do
631
Hardwoods
do
2,248
Softwoods
_ -_
do
Stocks, gross (mill and concentration yards), end
8,127
of month, total
mil. bd. ft
3,077
Hardwoods
do
Softwoods .
_
..
do . _ 5,050

SOFTWOODS
Douglas fir:©
Orders, new_.
_
do__
Orders, unfilled, end of month
do
Production .
_ __ .. do
Shipments
do.__
Stocks, gross, mill, end of month
_.
do
Exports, total sawmill products..
_M bd. ft_.
Sawed timber
_ _»
do
Boards, planks, scantlings, etc
__-do_ _.
Prices, wholesale:
Dimension, No. 1 common, 2" x 4", R. L.
dol. per M bd. ft-Flooring, B and better, F. G., 1" x 4", R. L.
dol. perMbd. ft_Southern pine:©
Orders, new
mil. bd. ft
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, gross (mill and concentration yards), end
of month
mil bfj ft
Exports, total sawmill products
M bd. ft_
Sawed timber .
_.
do
Boards, planks, scantlings, etc
do
Prices, wholesale, composite:
Boards, No. 2 and better, 1" x 6" x R. L.*
dol. per M bd. ft.Flooring, B and better, F. G., 1" x 4" x S/L*
dol. per M bd. ft__
Western pine:©
Orders new
mD bd ft
Orders, unfilled, end of month
do
Production
_.
-do_ .
Shipments
do
Stocks, gross, mill, end of month
do
Price, wholesale, Ponderosa, boards, No. 3 common, 1" x 8"
_
dol. per M bd. ft

814
1,001
830
833
968
55, 54]
17, 657
37, 884

69, 791
203, 316

75, 651
190, 425

68, 809
209, 112

61, 137
221, 006

48, 717
183 140

67 746
200 342

48 534
227 340

40 949
255 581

44 363
241 379

2,958
670
2,288
2,950
645
2,305

3,162
612
2,550
3,217
612
2,605

3,030
604
2,426
2,996
604
2,392

3,158
614
2,544
2,999
558
2,441

3,196
630
2,566
3,030
569
2,461

3 398
'705
2 693
3 305
656
2 649

3 464
'701
2 763
3 450
685
2 764

3 528
692
2 336
3 496
720
2 776

3 030
691
2 339
3 001
708
2 293

2 883

2 960

2 929

2 265
2 857

2 302
3 Oil

2 252
2 966

2 227

2 307

2 228

8,106
3,075
5,031

8,016
3,075
4,941

8,046
3, 075
4,971

8,204
3,131
5,073

8 343
3,192
5,151

8 436
3 241
5 195

8 451
3 256
5 194

8 509
3 228
5 281

8 477
3 211
5 266

8 481
3 199
5 282

8 236
3 152
5 084

8 232
3 091
5 141

806
961
860
835
993
37, 177
9,292
27,885

906
904
919
949
903
43, 300
19, 090
24, 210

727
848
746
771
878
32, 418
10, 498
21, 920

775
828
829
784
923
31, 621
7,121
24,600

900
990
778
727
948
19, 542
8,886
10, 656

865
921
920
920
948
36, 450
12 369
24, 081

913
812
961
1,007
902
18, 856
7 268
11, 588

919
758
943
929
945
15,843
7 462
8,381

768
755
795
759
982
14, 100
4 156
9 954

804
820
816
735

878
879
848
805
991

802
904
838
835

61 470

618

630

1 043
16, 455
4 984
11 471

54 326

658

704

677

738

1 028

22, 119
6 783
15 336

82. 467

82. 887

85.239

84. 840

84. 840

86. 303

86. 436

86. 576

86. 576

86. 310

84. 945

126. 575

125. 432

125. 759

124. 942

122. 868

121. 234

120. 418

120. 418

120. 418

122. 051

124. 460

124. 460

712
327
707
697

700
318
688
709

744
300
758
762

749
296
780
753

752
334
699
714

756
326
735
764

759
365
705
720

776
372
747
769

802
376
787
798

677
372
670
681

599

295
708
676

758

1,631
11, 975
2,595
9,380

1,610
10, 278
2,400
7,878

1,606
10, 276
1,364
8,912

1,633
11,018
5,665
5,353

1,618
8,150
1,993
6,157

1, 589
6,477
1,928
4,549

1 574
5,985
1,351
4 634

1 541
4,300
1 104
3 196

1 530
6, 163
1 776
4 387

1 562
11 517
1 529
9 988

1 552
5,317
1,152
4 165

80. 196

79. 765

79. 676

79. 662

78. 815

79. 250

80.260

81. 483

81. 572

81. 921

155. 061

155. 061

155. 061

155. 061

155. 406

156. 068

158. 322

158. 358

158.971

158. 971

490
472
365
441
1,609

498
465
451
473
1,585

608
602
564
579
1,594

609
501
592
571
1,615

680
548
698 '
633
1,680

739
610
753
678
1,755

737
656
737
687
1,805

719
675
709
650
1,864

737
657
747
706
1,905

592
613
572
561
1 855

79.22

80.39

82.10

82.28

83.51

83.50

83.54

83 23

81 55

81 31

253, 003
260, 815
85,003

269, 857
269, 732
85,350

282, 864
282, 070
85, 800

231, 160
230, 155
86, 033

269, 066
273, 123
81, 849

224, 756
211, 998
92, 747

281 488
274 449
101 103

292 489
290 201
102 614

303 863
303 237
103 498

235 439
239 002
99 507

82. 113

' 84. 665 P 84. 081
9 124. 572
fiQ9

320
767
733

350
700
662

1 596
9 345
1 327
8 018

1 ft34

' 81. 402

9 81. 198

158. 971 ' 159. 583 9 159. 727
614

628
462
550

fiin

1 767

670
426
518

1 675

429
444
1 660

82 65

r 83 61

9 83 610

266 521
269 455
96 265

r 289 083
r 290 689
r 97 619

9Q.Q Qfi*?

Rf\7

SOFTWOOD PLYWOOD
Production
thous. of sq. ft., %" equivalent
Shipments
do
Stocks, end of month
do

298 803
QQ

ICQ

HARDWOOD FLOORING
Maple, beech, and birch:
3,550
3,600
Orders, new
M bd. ft
3,550
3,575
A Qnn
2 850
4,100
4 050
3 450
3 900
3 800
3 650
4 OKA
Q one
12, 250
Orders, unfilled, end of month
do
11,700
10,200
10, 700
9,600
9,700
Q f\%T\
9 500
9 650
9' 600
9 600
9 650
4 ooo
4,150
4,350
Production
do
4,300
A nnn
3 650
3 400
3 000
3 900
3 200
4 200
3 900
A C\Kf\
4,250
3,800
3,350
Shipments
do
3,650
3 550
3,675
2 950
4 250
3 350
3 800
3 650
3 KKf\
8,050
9,475
Stocks, mill, end of month__
do
9.575
8,600
in O7K
in K^n
in. nnn
in 2nn
9. 675
10. 17S
9.400
8.900
8.650
r
Revised.
9 Preliminary.
{Revisions for January-October 1950 are available upon request.
cfThe 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. 8. Department of Labor, Bureau of Labor Statistics; monthly data prior to March 1951 (February 1951 for softwoods) will be shown later.
©Revised monthly data for 1948-50 will be shown later.




SURVEY 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 1953

1952

February

March

April

May

June

1953

July

August

September

October

November

December

January

February

81, 178
61, 132
82, 021
84, 132
73, 260

87, 303
57, 998
91, 034
94, 691
69, 603

63, 707
50, 843
76, 794
74, 393
72, 004

73 232
56, 093
72, 716
67 982
76, 738

89 979
66 898
78, 157
78 556
76, 339

87 638
76 823
72, 283
77 265
69, 323

328 121
12 147
149, 311
5,254

LUMBER AND MANUFACTURES—Continued
HARDWOOD FLOORING— Continued

Oak:
Orders new
Orders unfilled, end of month
Production _
Shipments
Stocks mill, end of month

M bd. ft
do
do _
do
do

_

87, 840
67, 795
73, 094
77, 040
82, 872

80, 919
76, 931
75, 660
77, 366
81, 168

89, 018
79, 142
82, 922
84, 643
77, 817

84, 306
78, 777
84, 953
84, 671
77, 257

64, 926
69, 938
79, 701
77, 844
77, 096

75, 162
61, 721
80, 074
81, 531
75, 371

70, 446
66, 775
79, 941
79, 428
77, 609

METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.) :
Exports total
short tons
ScrapO
do
Imports, total
do
Scrap
do

407, 617
16, 247
182, 090
9,285

502, 780
17, 074
148, 562
12,115

483, 092
21, 200
119,661
13, 441

529, 414
29, 928
99, 260
7,635

340, 490
42, 058
92, 539
2,829

223, 832
54, 735
89, 559
4,805

302, 079
36, 708
111, 957
7,601

367, 876
21,991
142, 336
8,024

448,197
39, 1 76
221,304
5, 133

387, 319
19, 790
177, 224
11, 767

439, 064
19, 692
205, 599
8,092

6,241
3,215
3,026
4,697
1,153
3,544

6,611
3,407
3,204
5,072
1,178
3,894

6,004
3,027
2,977
5,473
1,236
4,238

6,014
3,034
2,980
5,861
1,263
4,598

2,295
985
1,309
6,245
1,272
4,973

2,201
906
1, 295
6, 590
1,299
5,291

6,127
3, 060
3, Oo7
7,027
1,379
5,648

6,477
3,270
3,207
7,045
1,388
5,658

7,007
3,573
3,434
7,033
1,428
5,605

6,676
3,444
3,231
6,936
1,350
5, 586

6,820
3,490
3, 330
6,910
1,329
5,581

' 7, 007
f 3, 579
r 3, 429
f 6, 632
«• 1, 314
«• 5, 317

3,605
2, 160
8,849

3, 714
2,341
10,236

9,073
8,655
10, 629

13, 693
13, 769
10, 551

1,552
3,163
8,940

2,783
1,805
9,906

14, 974
15, 992
8,888

15, 912
16, 301
8,500

14,271
15, 588
7,183

9,448
11, 531
5,119

3, 280
2,970
5,449

3,387
2,002
6,824

0
' 7, 233
29, 207
24, 693
4,514
624

0
8,022
21, 451
18, 082
3, 369
674

6,532
6,616
19, 592
16, 487
3,105
687

12, 497
6, 932
25, 904
22, 230
3,675
699

2,487
1, 403
27, 170
22, 611
4,559
860

1,904
1,544
27, 388
22, 904
4,484
726

14, 368
7,243
34, 137
29, 449
4,688
847

14, 389
7,659
41, 532
36, 206
5,326
1,172

13, 013
8,048
47, 839
41, 699
6,140
1,065

9,295
7,826
51, 208
44, 318
6,890
1,012

427
8, 220
45, 172
39, 055
6,116
746

0
8,293
37, 077
31, 967
5,110
681

70

73

80

63

47

58

63

64

90

88

157

141

1,766
1, 155
655

1,711
1,172
661

1,614
1,205
653

1,459
1,101
620

1,446
835
502

1,410
636
432

1,513
1,002
602

1,451
1,119
626

1,392
1,233
684

1,309
1,061
590

1,316
1,142
619

1,333
1,162
622

193, 061
82, 898
50, 129

196, 896
80, 960
49,084

198, 215
89, 270
56, 337

180, 382
81, 770
51, 476

173, 353
74, 446
46, 511

166, 517
45, 266
29, 675

162, 832
63, 716
39, 308

168, 367
75, 950
45, 849

168, 609
88, 062
52, 922

167, 842
76, 099
46, 708

173, 494
80, 680
50, 485

174, 809
87, 249
53, 272

5,785
5,756

6,300
6,219

5,225
5,280

5,492
5,402

1,068
1,110

1,003
946

5,831
5,671

6,164
6,007

6,515
6,510

6,227
6,128

6,510
6,367

6,564
6,479

5,882
» 4, 710

Iron and Steel Scrap
Consumption, total§._
_ thous. of short tons. _
Home scrap
do
Purchased scrap _
do _
Stocks, consumers', end of month, total§
do
Home scrap
_ _ _
do
Purchased scrap
do__ _

Ore
Iron ore:
All districts:
Mine production
thous of long tons
Shipments
do
Stocks at mines end of month
do
Lake Superior district:
Shipments from upper lake ports _
do
Consumption bv furnaces _
do _ .
Stocks end of month, total
do
At furnaces
_ __
do _ _ _
On Lake Erie docks
do
Imports
do
Manganese ore, imports (manganese content)
thous of long tons

J> 6, 498
v 3, 342
v 3, 156
v 6, 724
v 1, 296
P 5, 428

0
7,396
29, 949
25, 741
4,207

Pig Iron and Iron Manufactures
Castings, gray iron:§
Orders unfilled for sale
thous of short tons
Shipments total
do
For sale
do
Castings, malleable iron:§
Orders unfilled for sale
short tons
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:
Composited71
dol. per long ton__
Basic (furnace)
_ __
_
_ do
Foundry, No. 2, f. o. b. Neville Island, _ .do

1,764

1,789

1,715

1,729

1,669

1,689

1, 801

1,864

1,830

1,897

1,963

r

1, 852

f 1, 886

53.67
52.00
52.50

53.67
52.00
52.50

53.67
52.00
52.50

53 80
52^00
52.50

53.81
52.00
52.50

54.26
52.00
52.50

56.31
54.50
55.00

56.31
54.50
55.00

56.31
54.50
55.00

56.31
54.50
55.00

56.31
54.50
55.00

i 54. 73
54. 50
55.00

54. 73
^ 54. 50
p 55. 00

150, 232
113, 997
24, 013

158,392
121, 402
19, 930

165, 155
124, 626
22, 61G

148, 259
110, 467
22, 287

161, 733
122, 166
25, 972

167, 211
126, 819
26, 752

Steel, Crude and Semimanufactures
Steel castings:
173, 694
119, 036
174, 626
173, 635
175, 075
141, 628
Shipments total
short tons
97, 633
J34, 325
133, 602
132, 129
114, 410
131, 997
For sale total
do
32, 118
20, 752
33, 549
35, 227
30, 455
31, 317
Railway specialties
do
Steel forgings :H
1, 464, 255 1, 359, 752 1, 349, 288 1, 318, 889 1, 248, 204 1, 289, 597
Orders unfilled total
do
176, 441
96, 828
168, 286
155, 840
135, 398
187, 487
Shipments, for sale, total
_
do
69, 165
127, 768
125, 736
114, 271
125, 042
101, 861
Drop and upset
do
48, 673
42, 550
41, 569
27, 663
62, 445
33, 537
Press and open hammer
do
Steel ingots and steel for castings:
9,404
7,991
1,627
8,205
1,639
8,657
Production
_ _ _
thous. of short tons102
18
90
89
101
18
Percent of capacity t
Prices, wholesale:
.0476
.0471
.0471
.0471
.0471
.0471
C omposite, finished steel
dol . per Ib
Steel billets, rerolling (producing point)
56.00
56.00
56.00
56.00
56.00
56.00
dol. per short ton__
.0400
.0400
.0400
.0400
.0400
.0400
Structural steel (producing point)
dol. per lb__
Steel scrap, heavy melting (Pittsburgh)
44.00
44.00
44.00
44.00
44.00
44.00
dol. per long ton__

2

1,399,969 1,391,998 1, 393, 137
2 120,966
178, 475
149, 642
2 79,535
130, 515
107, 966
2
47, 960
41,431
41, 676
8,499
92

1,398,863 1, 207, 058 1, 206, 550
180, 538
155, 630
183, 545
133, 851
112, 622
137, 221
46, 687
43, 008
46, 324

9,062
102

9,807
107

9,439
106

9,690
106

9,897
99

8,932
99

.0498

.0498

.0498

.0498

.0498

.0498

.0498

59.00
.0420

59.00
.0420

59.00
.0420

59.00
.0420

59.00
.0420

59.00
.0420

v 59. 00
» . 0420

44.00

44.00

44.00

44.00

44.00

44.00

44.00

6,133
1,964
34

5,733
2,188
41

5,396
2,277
36

4,884
1,892
28

4,949
2,046
48

5,174
1,798
62

Steel, Manufactured Products
Barrels and drums, steel, heavy types:
Orders unfilled end of month
thousands
Shipments
do
Stocks, end of month
_ _ d o _ __
r

7,570
1,961
59

7,737
2,008
58

7,484
2,207
51

7, 052
2,117
48

6,406
1,655
35

6,502
1,629
25

2
Revised.
» Preliminary.
* See note marked "d71" for this page.
See note marked "1" for this page.
©Data beginning 1951 have been adjusted in accordance with the revised export schedule to exclude exports of tinplate, circles, strips, etc.
§ Data beginning January 1951 are estimated totals derived from a survey of approximately 1,300 establishments by the Bureau of Mines and the Bureau of the Census.
^Beginning January 1953, new weighting factors have been introduced and delivered prices eliminated. Quotations comparable with earlier prices may be derived by adding $1.58 (plus a
very small adjustment for any freight-rate increases) to the stated prices.
IData beginning August 1952 are estimated industry totals based on reports from producers whose shipments in 1947 accounted for 98 percent of total shipments; unfilled orders are for
commercial forgings only, i. e., exclude forgings for own use. Data for May 1951-July 1952 are as reported by producers whose shipments averaged 50 tons or more per month; unfilled orders
for this period include captive shipments.
t For 1953, percent of capacity is calculated on annual capacity as of January 1,1953, of 117,547,470 tons of steel; 1952 data are based on capacity as of January 1,1952, of 108,587,670 tons.




SURVEY OF CURRENT BUSINESS

April 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

S-33
1953

1952

February

March

April

May

June

July

August

September

October

November

December

January

036
116
920
193
992
24 875

256, 206
158 612
97, 594
218 342
1 138
27 012

269 597
167 764
101 833
226 078
1 186
26 616

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

235, 648
144, 439
91, 209
199, 445
896
24, 316

266, 920
157, 279
109, 641
228, 841
962
25, 357

287, 223
173, 414
113, 809
240, 976
1,104
27, 774

277, 629
175, 158
102, 471
239, 311
1,071
30, 241

333. 416
218, 947
114, 469
287, 127
1,010
30, 773

423, 894
293, 370
130, 524
388, 040
998
28, 531

465, 820
348 906
116, 914
421 221
1,126
29 462

460, 155
348, 500
111, 655
405 368
1,146
33 060

355, 341
240 159
115, 182
304 836
1,229
33 467

6,358
757
158
268
795
711
138
1,534
158
171
437
359
448

6,890
801
193
317
872
784
162
1,609
156
170
431
478
465

5,922
693
144
292
718
658
128
1,434
143
143
354
398
422

5,947
740
158
305
723
637
133
1,484
140
156
361
334
403

1,250
123
28
55
182
110
11
321
62
33
36
104
85

1,414
130
35
120
152
107
3
425
59
35
29
125
108

6 312
744
188
306
717
680
121
1,567
127
155
428
479
416

6 542
787
181
352
797
649
148
1,639
156
192
386
412
447

7 156
846
197
377
861
709
156
1,819
189
207
412
435
497

6 648
828
153
350
783
679
145
1 714
166
194
416
388
443

7 105
865
211
395
857
720
153
1,843
179
196
422
373
454

7 068
853
146
358
832
714
166
1 851
190
203
418
433
458

72, 374
212, 481

77, 069
311, 137

76, 880
209, 286

80, 803
239, 782

77, 476
272, 633

78, 368
318, 763

85, 175
305, 987

76, 882
307, 644

77, 312
374, 602

74 639
296 613

83, 419
334, 147

89 895
299 415

92 649

245
152
92
207

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,
total of O
mil of Ib
Castings O
do
Wrought products, total cf
do
Plate, sheet, and strip
do
Brass sheets, wholesale price, mill
dol. per lb_.
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
Unrefined, 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. perlb_.
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. per lb__
Imports, total (zinc content) __ _ _ short tons.
For smelting, refining, and export
do
For domestic consumption:
Ore (zinc content)
do _
Blocks, pigs, etc
do

.0775

.0775

.0775

.0768

.0725

.0708

.0740

.0750

-0750

.0750

. 0750

.0750

.0825

191.3
45.0
146.3
78.7
.383

200.1
46.4
153.6
82.9
.383

209.7
49.8
159.9
85.1
.383

205.5
47.8
157.8
86.5
.383

200.9
45.3
155.5
87.7
.383

188 8
40. 1
148.7
86.1
.402

206 3
46 8
159 6
92.2
.402

i 211 2
1
45 4
165.7
95.8
.402

235 5
51 6
183.8
107.6
.402

212 1
46 5
165 6
98.2
.402

232 0
53 3
178.7
103.7
.402

243 8
55 6
187 9
110.7
.402

185 8
109 2
P. 402

72, 691

79, 229

80, 528

82, 227

73, 923

76, 284

74, 166

74, 907

79, 207

75, 730

77, 907

' 77, 594

72, 329

80, 876
95, 979
104, 795
59, 747
12, 842
41, 941
28, 361
13, 580
.2420

87, 110
94, 563
112, 719
58, 487
15, 303
48. 272
25, 928
22, 344
.2420

89, 479
98, 402
107, 579
61, 223
19, 494
42, 970
23, 318
19, 652
.2420

92, 946
97, 593
105, 860
55, 351
20, 252
37, 172
14, 314
22, 858
.2420

80, 392
92, 151
98, 416
70, 856
18, 347
33, 061
26, 338
6,723
.2420

81, 601
96, 049
115, 384
73, 657
15,435
66, 380
38, 938
27, 442
.2420

79, 368
95, 366
127, 910
83, 771
14, 604
61, 122
21, 366
39, 756
.2420

82, 426
98, 930
135 486
71, 456
20, 945
67, 817
25, 605
42, 212
.2420

84, 824
105, 770
138, 759
59, 760
18, 226
59, 910
21, 028
38, 882
.2420

80, 436
100, 075
125 338
69, 237
13, 016
59, 230
24, 016
35 214
.2420

85, 239
113, 965
143, 088
58, 858
16, 257
70, 300
24, 531
45, 769
.2420

34, 339
40, 148

33, 432
41, 251

34, 496
35, 762

33, 824
36, 149

31, 002
32, 962

29, 862
28, 829

30, 232
32, 393

30, 386
32, 919

33, 523
33, 770

29, 160
30, 537

29, 542
32, 769

44, 133
41, 291
31, 297

48, 943
39, 161
41, 040

39, 329
38, 225
41, 820

45, 546
28, 591
58, 775

38, 987
39, 563
58, 190

37, 489
51, 534
44, 140

41, 836
45, 499
39, 767

42, 791
49 850
31, 837

51, 521
43 150
37, 718

49, 806
51 271
35, 686

48, 651
40 370
43, 560

T

r 81 625
108 010
125 133
59 836
8,079
50 138
23, 589
26 549
.2420
r

83
101
117
60

050
538
204
944

.2497

30, 839
30 697

29 297
30 388

47 295
37 678
52 760

45 423
38 811
58 949

.1350

.1900

.1900

.1892

.1573

.1526

.1600

.1600

.1600

.1440

.1416

.1413

.1419

42, 460

81, 496

57, 770

73, 448

67, 703

33, 085

40, 202

47, 190

59, 392

41, 305

85, 133

47, 999

1,990
4,524
13, 297
3,617
9,567

2,022
4,489
18, 242
9,004
9,119

1,989
3,919
26, 172
15, 458
10, 645

1,952
3,751
33, 093
22, 741
9,820

2189
1,789
26, 301
15, 904
10, 358

2
163
1,933
31, 037
21, 009
9,996

2
231
4,553
25, 233
16 411
8,140

2,732
4,527
25 273
15 534
9 361

3,601
5,038
24,815
14 266
10, 369

4 205
4,615
24, 124
13 659
10, 385

4 021
4,994
25 939
13 265
12 172

1,472
598
1. 2150

821
7,752
1. 2150

732
10, 894
1. 2150

934
7,413
1. 2150

3,070
9,951
1. 2150

5,481
6,619
1. 2150

2,378
8,711
1. 2150

1 136
7, 586
1. 2138

4,869
6,883
1. 2123

2 177
5,860
1. 2127

3 277
7,180
1. 2147

3 862
7 728
1. 2150
' 53, 731

58, 948

60, 904

61, 211

62, 663

57,068

50, 642

49, 482

48, 748

53, 346

48, 899

49, 789

77, 296
77, 448
70, 928
26, 551

85, 028
85, 575
79, 897
26, 004

83,011
85, 592
72, 716
23, 423

83, 797
74, 076
63, 701
33, 144

77, 463
47, 265
35, 769
63, 342

76, 930
43, 353
38, 714
96, 919

78, 167
78 435
72 963
96, 651

76, 019
78 129
69 343
94 541

80, 588
79 787
71 659
95, 342

78, 563
90, 756
81 439
83, 149

81, 363
77 352
71 175
87, 160

81
80
77
88

.1950
49, 194
4,996

.1950
123, 097
6,821

.1950
121, 925
7,993

.1950
104, 188
5,047

.1574
106, 743
2,097

.1500
79,315
832

.1406
9,470
1,164

.1398
14, 976
1,371

.1330
21, 322
2,939

.1250
23 235
2 555

.1250
27, 232
1,532

.1259
27 586
834

38, 949
5,249

107, 772
8,504

106, 337
7,595

92, 264
6,877

98, 159
6,487

62, 578
15, 905

4,088
4 218

4,454
9 151

6,105
12 278

7 027
13 653

3,686
22 014

6 809
19 943

10, 211
77, 267

9,161
81, 800

9,480
87, 814

13, 346
90, 225

16, 962
88, 017

17, 285
79, 487

24, 037
73, 627

29, 455
63, 833

33, 552
55, 159

23 087
51, 470

14, 088
54, 618

11 522
60, 568

2,226
8,702

2,074
8,893

1,760
10, 010

2,145
9,665

2,925
8,782

2,915
7,676

3,974
6.507

4,729
5,032

4,962
4,199

3,814
3.422

2,591
3,859

1.2150

2,634
4.044

994
679
573
475

48, 850
76
71
67
93

899
710
729
664

.1148

HEATING APPARATUS, EXCEPT
ELECTRIC
Boilers, radiators and convectors, cast iron:
Boilers (round and square):
Shipments
thous. of Ib
Stocks, end of month
do. __
Radiation:
Shipments
thous. of sq. ft.
Stocks, end of month
do
r

2

Revised.
pPreliminary.
* See note marked "O" for this page.
Production by detinners only.
cfSee note in June 1951 SURVEY regarding additional reporting companies beginning February 1951. ©Data beginning September 1952 are estimated industry totals based on reports
from a revised sample of 550 establishments; September shipments comparable with earlier data are as follows (mil. Ibs.): Castings, 52.6; total fabricated products, 218.3.
§ Government stocks represent those available for industrial use; total stocks include small amount not distributed.




SUEVEY OF CUEKENT BUSINESS

S-34
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

April 1953

1952
February

April

March

June

May

July

1953

August

September

October

November

December

January

February

METALS AND MANUFACTURES—Continued
HEATING APPARATUS—Continued
28,245

22,202

23,446

22,850

17,851

20,010

21, 197

21,979

20,797

18,859

20,200

26,768

36, 789
37, 792
80, 775

39, 163
40,038
81,408

36,284
45, 805
80, 183

41, 707
51, 743
74,183

42,963
57,830
72,468

54,737
67,044
61, 577

63,805
84,620
50,593

66, 080
104,098
42,993

57, 874
119, 370
36,076

42, 595
72,854
39,324

37,505
53,243
46,758

37,658
48, 999
49,915

187, 505
9,589
166, 687
11, 229

204, 657
8,625
185, 751
10, 281

199, 605
7,475
182, 942
9,188

179, 496
6,267
163, 446
9,783

192, 540
5,702
176, 405
10, 433

170, 146
7,080
154, 907
8,159

198, 604
8,820
180, 346
9,438

221, 468
9,037
200, 946
11, 485

264, 196
9,905
241, 138
13, 153

204, 336
7,793
187, 370
9,173

195,052
8,088
177, 463
9,501

187, 745
8,723
170, 675
8,347

144, 462
154,434
Stoves, domestic heating, shipments, total
do
25, 450
19, 318
Coal and wood
do
64,120
60, 843
Gas
do
64,301
64,864
Kerosene gasoline, and fuel oil
do
Warm-air furnaces (forced-air and gravity aif-flow),
48, 529
51, 277
shipments total
number
25, 797
24, 017
Gas
_ _
_ do
20,848
19, 309
Oil
do
4,632
5,203
Solid fuel
do_.
172, 320
167,335
Water heaters, nonelectric, shipments
do
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly:
30, 191
Blowers and fans, new orders
thous. of dol_ _
13,483
Unit heater group new orders
do
Foundry equipment (new), new orders,
310.0
200.4
net
1937-39=100
Furnaces, industrial, new orders:
2,100
1, 363
Electric
thous. of dol. _
1,809
2,418
Fuel-fired (except for hot rolling steel)
do
Machine tools:
324.3
318.8
New orders
1945-47=100..
299.5
279.6
Shipments
.._.—.__
do
Mechanical stokers, sales:
1,145
966
Classes 1, 2, and 3
. _. .....
number
Classes 4 'and 5:
115
131
Number
57, 455
39, 165
Horsepower
_
..
Pumps, steam, power, centrifugal and rotary, new
5,925
6,020
orders
thous. of dol_.
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), ship769
963
mentsf
thousands
Domestic electrical appliances, sales billed:
163
156
Refrigerators index
1936=100
Vacuum cleaners, standard type
number. . 235, 936 290, 092
254, 135
261, 512
Washers O
do
"885,478 "1,101,607
Radio sets, production* _ _
..do
Television sets (incl. combination), production*
number. . 409, 337 510, 561
Insulating materials and related products:
536
528
Insulating materials, sales billed, indexV1936=100_ .
Fiber products:
Laminated fiber products, shipments§
7,796
7,830
thous. of dol. _
Vulcanized fiber:
4,484
4,216
Consumption of fiber paper
thous. of lb__
Shipments of vulcanized products
1,565
1,618
thous. of doL _
Steel conduit (rigid) and fittings, shipments 9
25, 331
27, 328
short tons..
Motors and generators, quarterly:
517
New orders, index
1936=100..
Polyphase induction motors, 1-200 hp:d*
42,455
New orders
thous of dol
44, 820
Billings
do
Direct current motors and generators, 1-200 hp: of
8,793
New orders
thous of dol
9,410
Billings
do

147,435
25, 381
62, 014
60,040

172,303
35, 676
76,324
60,303

230, 741
40, 963
120, 878
68,900

393, 834
79,027
197, 680
117, 127

515, 356
132, 211
236,849
146, 296

565, 508
158, 564
241, 419
165, 525

659, 965
179, 921
304, 169
175, 875

369, 238
118, 544
170, 365
80,329

189,009
33, 786
111, 254
43, 969

146, 406
12, 061
58,193
76, 152

50,933
27, 029
19, 695
4,209
176, 609

58,732
32,239
20,583
5,910
181,389

70, 206
36, 627
27, 235
6,344
182,851

78,266
38, 738
30, 950
8,578
157, 595

105,410
51, 289
40,654
13, 467
187,949

116, 300
54,368
46, 419
15, 513
202,432

126, 754
59, 071
51, 331
16, 352
218, 582

89,708
44, 947
35,227
9,534
195,385

64, 102
33,128
26, 140
4,834
199, 972

57, 486
31, 134
22, 101
4,251
207, 137

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
Cfoal and wood
do_
Gas (incl bungalow and combination) do
Kerosene gasoline and fuel oil
do

38, 731
11, 805

.

32, 865
16,537

32, 877
14 456

385.1

353.8

343.9

311.6

365.9

335.8

258.1

343.3

301.0

257.3

3,713
3,037

1,552
2,968

2.530
6,703

1,626
5,259

1,412
2,472

2,459
1,520

1,241
2,396

1,634
3,235

1,655
3,540

1,672
3,996

293.5
307.9

284.6
323.0

342.9
330.8

376.3
259.7

311.1
317.0

302.4
368.3

243.3
357.8

205.4
342.5

225.2
355.0

' 255. 8
' 361. 6

P 282. 2
* 354. 1

1,059

1,157

1,725

1,667

2,621

2,978

3,073

1,848

1,181

' 1, 073

136
50, 528

143
44, 329

171
33, 302

249
47, 981

172
31,079

183
37, 656

158
31, 366

116
21, 191

96
28, 049

'88
' 38, 234

6,354

6,140

7,957

6,299

5,921

5,258

5,534

4,130

6,575

5,752

850

r

225.2

2,298
3,613

1,137

1,535

2,526

2,905

2,874

3,112

2,168

1,975

' 1, 571

133
192
128
216, 969
206, 939
217, 169
222, 266
219, 882
281, 635
957, 666 ' 843, 569 r 986, 603

197
188, 715
209, 901
494, 866

r

789
81
25,506

1,161

148
122
147
136
152
192
222, 413
249,032
292, 474
237, 541
246,007
254, 297
255, 886
259, 280
335, 616
317, 914
333, 601
287, 919
298, 641
282, 453
' 607, 402 ' 970, 109 ' 870, 338 '1,037,864 1-1,498,258 1, 093, 142 1, 192, 439

322, 878

309, 375

361, 152

198, 921

397, 769

755, 665

724, 117

780, 486

i 921, 086

719, 234

545

517

500

470

451

531

599

579

655

643

730, 597

7,899

7,739

7,558

7,597

6,718

8,223

9,110

8,956

10, 196

10, 427

10,609

4,133

3,640

3,720

2,179

3,038

3,759

4,160

3,658

4,198

4,466

4,360

1,430

1,332

1,296

1,027

1,210

1,380

1,694

1,463

1,671

1,725

1,791

22, 767

23,243

13,881

7,214

17, 021

26, 439

22,625

21, 108

26, 365

2 21, 946

517

i

463

490

36, 446
40, 443

36, 946
35, 210

36, 954
36,541

13, 614
9.787

9,269
7,905

8,807
10, 152

PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
3,311
Production
thous. of short tons.Stocks in producers' storage yards, end of month
1,018
thous. of short tons.391
Exports
do
Prices, chestnut:
23.31
Retail compositef
dol per short ton
14. 513
Wholesale f o b car at minet
do
Bituminous:
43, 738
Production
thous. of short tons__
Industrial consumption and retail deliveries, total
thous. of short tons__ 3 r 39, 584
Industrial consumption, total
do. _ 3 r 31, 754
3 '923
Beehive coke ovens
do
r
8, 172
Oven-coke plants
do
673
Cement mills
do
8,434
Electric-power utilities
do
3,877
Railways (class I)
-do
743
Steel and rolling mills
do
8,932
Other industrial
_ .do
7,830
Retail deliveries.
,._.do —

3,093

3,333

3,349

3,244

2,484

2,663

3,705

4,150

3,354

3,130

2,626

2,365

1,024
391

1,026
295

1,149
340

1,264
360

1,447
233

1,420
423

1,314
496

1,300
498

1,479
465

1,668
166

1,674
180

1,623

23.31
14. 513

23.08
13. 394

21.69
13. 456

21.77
13.631

22.38
13. 869

22.54
14. 119

22.92
14. 219

23.77
14.681

24.00
14. 681

24.69
16. 013

16. 013

16.013

40, 968

39, 100

36, 462

31, 437

25, 782

34, 171

46,885

32, 744

41, 060

42, 723

' 39, 445

33,920

37,008
30, 115
714
8,067
687
8,877
2,448
617
8,705
6,893
r
2
3
Revised.
* Preliminary.
1 Represents 6 weeks' production.
See note marked "9" for this page.
Revisions for January 1952 (thous. short tons): Total industrial consuption and retail deliveries, 44,281; total industrial, 34,892; behive coke ovens, 995.
< January 1952 revision, 711,112 sets.
' 23, 683 ' 23, 510 ' 32, 635 ' 34, 503 ' 38, 864
' 39, 237 ' 32, 630 r 30, 751
' 32, 167 ' 28, 416 ' 27, 734 ' 20, 705 ' 20, 291 ' 27, 423 ' 28, 327 '31,928
'678
'198
'125
'615
'509
'666
'377
••896
' 3, 335
3,293
8,259
7,627
* 7, 863
8,230
8,807
'8,641
582
603
665
608
637
681
679
699
8,510
7,369
7,597
8,250
8,494
9,582
' 7, 782
'7,723
2,342
3,321
2,569
2,852
3,075
2,722
3,128
3,698
562
229
582
208
538
532
623
677
6,444
6,102
8,914
7,208
6,919
7,818
6,602
8,746
4,214
3,219
6,176
7,070
2,978
5,212
6,936
3,017

' 36, 967
' 31, 911
556
' 8, 447
725
9,604
3,031
653
8,895
5,056

41, 278
33 982
'665
8,899
786
10, 388
3,046
698
9,500
7,296

' 41, 424
' 33, 428
'759
8,923
764
10, 170
2,833
679
9,300
7,996

fRevised series. For revised batteries data beginning 1947, see note at bottom of p. S-35 of the July 1952 SURVEY. Retail prices of coal are weighted averages for large cities. Wholesale
prices supersede former quotations on tracks, destination. Revised price data prior to 1951 will be shown later.
©Figures through 1951 are estimated industry totals; thereafter, data cover reporting companies only (representing about 97 percent of total industry).
*New series. See note marked
"*" on p. S-35. ^Beginning May 1952, the index includes varnished tubing and saturated sleeving.
§Data for 1952 cover 14 companies; beginning January 1953,17 companies.
9 Data for
1952 cover 11 companies; beginning January 1953, 9 companies.
cf The number of companies reporting is as follows: Polyphase induction, 34; direct current, 28.




SURVEY OF CURRENT BUSINESS

April 1953

S-35
1953

1952

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

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
Oven-coke plants
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 minef
do
Prepared sizes, f. o. b. car at minet
do
COKE
Production:
Beehive §
thous. of short tons
Oven (byproduct)
_ _
._ _doPetroleum coke
do
Stocks, end of month:
Byproduct plants, total. _
do
At furnace plants ._
_ _. __ _ _ do _ _
At merchant plants „_
do
Petroleum coke . . __ __
_ . do
Exports
do
Price, beehive, Connellsville (furnace)
dol. per short ton..

19

16

76

92

84

79

76

75

77

76

38

11

9

76, 474
74, 967
15,786
1,342
32, 710
4,237
1,276
19,616
1,507

77, 293
76, 042
16, 727
1,276
32, 724
4,299
1,322
19, 694
1,251

78, 141
76, 810
16, 652
1,245
33, 617
4,254
1,353
19, 689
1, 331

79,496
78, 033
16, 994
1,261
34, 545
4,110
1,336
19, 787
1,463

80, 744
79, 108
16, 446
1,412
35, 802
3,996
1,269
20, 183
1,636

79,359
77, 698
16, 136
1,456
35, 895
3,560
1,195
19, 456
1,661

81,238
79, 567
16, 066
1,616
36, 797
3,443
1,158
20, 487
1,671

83,298
81,492
15, 728
1,746
37, 722
3,487
1,236
21, 573
1,806

77, 951
76, 369
14. 437
1,624
36, 393
3,041
1, 156
19, 718
1,582

75, 978
74, 220
13, 645
1,607
36, 195
2,897
1,085
18, 791
1,758

76, 745
75, 036
14, 430
1,540
35,891
3,032
1,089
19, 054
1,709

73, 346
71, 857
13, 400
1,362
34, 771
2,973
983
18, 368
1,489

71, 385
70, 110
13, 381
1,245
33, 906
2,892
943
17, 743
1,275

3,982

4, 050

4,248

4, 885

4,898

4,014

4,288

3,760

3,010

2,981

2,357

2,207

16.16

16.16

16.16

15.99

16.02

16.13

16.22

16.28

16.54

16.66

16.72

5.697
6. 769

5. 697
6. 745

5. 624
6.349

5. 623
6. 317

5.629
6.378

5.640
6. 487

5.640
6.544

5.655
6.680

6.016
6.951

6.016
7.020

6.032
7.064

r 5. 931

' 7. 076

» 5. 920
f 7. 058

585
5,770
310

573
6,204
321

432
5, 374
296

426
5, 536
201

124
2,361
267

77
2, 305
306

248
5, 787
317

391
5,784
323

328
6,117
314

356
5,961
311

427
6,264
329

'483
6,284
337

454
5,680

1, 765
1,455
310
142
86

1,832
1, 530
302
164
79

1,873
1,459
413
159
89

1,961
1,538
424
158
62

2, 557
2,007
550
122
58

3,297
2,479
819
103
53

3,142
2,294
848
98
44

2,838
2,132
706
97
52

2,541
1,957
583
87
41

2,445
1,920
524
96
62

2,177
1,736
441
103
54

' 2, 075
' 1, 672
402
111
51

1,996
1,643
354

14.750

14. 750

14. 750

14. 750

14.750

14. 750

14. 750

14. 750

14. 750

14.750

14. 750

14.750

14.750

2,101
198, 028
93
205, 825

2,063
192, 882
89
193, 039

2,196
158,310
71
152, 062

2,017
185, 917
96
204, 762

2,141
188, 868
96
214, 729

1,938
192, 798
99
202, 661

1,660
195, 528
98
210, 510

1,794
202, 044
96
213, 358

1,777
194,611
98
211, 456

1,690
205, 645
97
215, 504

1,957
203, 214
96
218, 288

259, 126
63, 612
177, 422
18, 092

270, 679
69, 159
183, 751
17, 769

290, 813
72, 875
197, 001
20,937

285, 964
71,950
194, 525
19,489

275, 951
70, 352
187, 341
18, 258

264, 368
67, 497
178, 394
18, 477

264, 723
65, 241
181, 580
17, 902

269, 776
66, 084
185, 900
17, 792

267, 852
63, 777
185, 625
18, 450

271, 928
66, 275
187, 852
17, 801

272, 250
65, 902
188, 480
17, 868

2,939
14, 295
2. 570

3,340
17, 362
2.570

1,718
15, 570
2.570

2,388
17, 601
2. 570

1,876
17, 497
2. 570

1,966
18, 124
2.570

1,664
18, 306
2.570

1,526
20, 074
2.570

1,805
16, 788
2.570

2,991
20,141
2.570

2,211
19, 361
2.570

PETROLEUM AND PRODUCTS
Crude petroleum:
1,929
Wells completed
number
Production
thous. of bbl__ 184, 654
Refinery operations . . , . . . percent of capacity. .
95
Consumption (runs to stills)
thous. of bbl. . 193, 524
Stocks, end of month:d"
255, 900
Gasoline-bearing in U. S., total
do
64,614
At refineries
do
173,315
At tank farms and in pipelines
do
17, 971
On leases
do
Exports
__
do
Imports .. .
...
do -.Price (Oklahoma- Kansas) at wells... dol. per bbl. .

2,211
14,083
2.570

2.570

Refined petroleum products:
Fuel oil:
Production:
43, 402
Distillate fuel oil.
thous. of bbl
44, 314
39, 353
30, 432
43, 640
45, 735
45, 053
45, 183
46, 933
47, 379
45, 310
46, 768
Residual fuel oil.
do
38, 352
37, 602
30, 336
39, 482
36, 827
38, 337
37, 321
36, 887
38, 822
38, 984
40,351
40, 515
Domestic demand:
Distillate fuel oil
do
54, 489
33, 921
49, 081
27, 867
25,815
23, 291
26, 221
28, 836
39, 347
63,778
47, 176
60, 535
Residual fuel oil
... do.
50, 721
49, 796
38, 500
45,119
36, 285
37, 027
42,094
41,267
50, 395
48, 304
57,557
60,109
Consumption by type of consumer:
5,222
4,775
Electric-power plants J
... ... ....do
4, 204
3,717
3, 912
4, 380
6,028
7,162
7,702
5,380
7,749
8,523
6,809
Railwavs (class I)
.
do
2, 767
2,500
2, 434
2,851
2, 463
2,439
2, 618
2,827
2,622
2,055
2,497
2,516
Vessels (bunker oil)
do,-..
6,447
6,760
6, 438
6, 317
6,156
6,109
6, 342
6,981
7,403
6,563
6,354
5,924
6,740
Stocks, end of month:
55, 369
51, 634
51, 648
48, 750
Distillate fuel oil
do
65,911
85, 775
104, 257
120, 721
117, 252
99,582 i 80, 655
116, 096
Residual fuel oil
do.
38, 295
38, 561
38, 821
37, 971
45, 688
52, 245
54, 061
56,200
53, 052
53, 069
48, 706
45, 910
Exports:
Distillate fuel oil
.._ do,.
1,654
2,791
2,641
1,316
3,613
2,999
2,306
3, 269
2,840
2,949
2,135
3,015
Residual fuel oil
do
2,059
1,847
2,244
2,500
2,588
2,473
1,583
1,194
1,271
1,367
1,373
1,502
Prices, wholesale:
Distillate (New York Harbor, No. 2 fuel)
dol. per gal..
.091
.091
.091
.091
.091
.098
.098
.098
.098
.098
.098
.098
P . 098
Residual (Okla., No. 6 fuel)
dol. per bbl..
1. 400
1. 500
1. 500
1.350
1. 150
.950
.900
.900
.900
.900
.900
.900
».850
Kerosene:
11,964
10, 742
10, 978
7,084
Production
thous of bbl
9,519
11,083
10, 498
10,919
11, 792
11, 620
13, 434
13, 061
Domestic demand. - _ . _ . _ _ - ... ._ do...
14, 608
12,853
8,150
5, 504
5, 268
5,883
6,014
7,156
12, 230
12, 455
17,066
17, 829
i'Stocks end of month
_
_ __ do
16,817
19,614
18, 530
18, 955
23, 061
27, 387
32, 401
35, 021
33, 289
32, 199
26, 842 i 23, 487
652
Exports
do
217
613
950
740
796
655
525
358
358
511
325
Price, wholesale, bulk lots (New York Harbor)
dol. per gal-.
.101
.101
.101
.101
.101
.108
.108
.108
.108
.108
.108
.108
.108
Lubricants:
Production
thous. of bbL .
4,921
4,831
3, 492
4,456
4,855
4, 668
4,694
4,857
4,940
4,507
4,416
4,210
Domestic demand_._
-do_._
2,827
2,525
2,990
3, 509
3,414
3,224
3,343
3, 433
3,711
2,800
3,032
2,993
Stocks, refinery, end of month
do
10, 049
9,610
10,169
10.154
9, 694
9, 775
9,745
9,620
9,869
10, 561
11,021
11, 250
Exports©
do
1,357
1,448
1,751
1,276
1,297
1,295
1,610
1,070
1,054
938
917
890
Price, wholesale, bright stock (midconttnent,
.290
.290
.290
f o b Tulsa)
dol per gal
.290
.270
.270
.270
.270
.260
.250
.220
.220
».210
T
J
Revised.
v Preliminary.
New basis. C orn parable1 data for I)ecember 1952 (thous bbl.): Dis tillate fuel 98,895; ke rosene, 23, '187.
T
f Revised 5- erics. Retail prices are weighted averages for la rge cities, W holesal B prices su]oersede for mer quotat ions on inicks, destirlation. Fi gures prior to 1951 wi 11 be publi shed later.
SR p. visions for 1950 will bft shown lat.pr
riTnr Imlfis st.nnlrs of hp.fl.w rvrnrlp in CInlifnrnin.
{Revisions for January-July 1951 will be shown later.
O Excludes "special category" exports not shown separately for security reasons.
NOTE FOR RADIO, TELEVISION SERIES, P. S-34. *New series. Compiled by the Radio-Television Manufacturers Association. Data represent industry totals based on reports
jfrom both members and nonmembers of the association. Both private and company brands are included. Radio production comprises home, portable battery, automobile, and clock models;
television sets include combination models. Annual totals for 1924-46 for radios and monthly data for 1947-50 for radio and television sets are shown on p. 20 of the October 1952 SUBVEY
Data for March, June, and September 1952 cover 5 weeks; December 1952, 6 weeks; other months, 4 weeks.




SURVEY OF CURRENT BUSINESS

S-36

April 1953
1953

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-

D ecem-

ber

January

104, 894

106, 432

i 107, 413

93, 148
19, 396

94, 725
20, 804

2 95, 609
3 20. 617

7, 650
9,317
91 326

9, 097
9, 451
95,817

9.082
9 292
89, 634

121 , 645
63, 809
7,864
8,584
3 447

127, 792
70, 581
8,236
7, 807
4, 645

141 , 746
79, 746
8,772
7, 575
2 652

.104
.129
.201

.104
.129
.203

6,977
5, 661
8.451
4 536

7,230
5, 853
9,126
4,761

ber

PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Motor fuel:
All types:
74, 485
99, 093
92, 553
98, 340
105, 022
93, 134
107, 427
104, 873
Production, total
. thous. of bbl.
104, 977
Gasoline and naphtha from crude petro81,819
86, 638
82, 052
87, 096
63, 752
93, 373
95, 742
92, 564
93, 663
leum
thous. of bbl
18, 724
16, 796
17, 310
17, 669
18, 070
17, 917
18, 259
18, 248
19, 605
Natural gasoline and allied products do
Sales of 1. p. g. for fuel, etc., and trans5,608
6,988
6,727
7,183
6, 063
6,020
6,574
6,934
7.296
fers of cycle products
thous of bbl
8,038
7,398
8,437
8,041
8,761
8,113
8,938
9,186
9. 759
Used at refineries
do
98, 653
101,137
99, 305
105, 307
82, 043
87, 065
102, 954
100, 095
103, 689
Domestic demand
do
Stocks, gasoline, end of month:
116, 039
112, 232
143,512
152, 556
108, 708
143, 910
110, 750
111,770
113, 698
Finished gasoline, total
do
64, 731
90, 695
83,129
60. 389
87, 458
57, 180
57, 244
58, 180
59, 276
At refineries
do
8. 378
7, 934
8,133
7,617
8,002
7, 858
8,292
7, 842
7,293
Unfinished gasoline
do
9,527
9, 366
9,246
10. 035
8,585
10, 095
8,890
9 722
8, 925
Natural gasoline and allied products do
1,923
2,466
1,903
975
2,144
2,730
2,203
2,164
2,396
Exportsd"
do
Prices, gasoline:
Wholesale, refinery (Oklahoma, group 3)
.104
.104
.100
.103
.104
.103
.104
.104
dol. per gaL.104
.129
.129
.129
.129
.129
.129
.129
.129
.129
Wholesale, regular grade (N. Y.)*
do
.205
.202
.199
.205
.204
.201
.202
.203
.204
Retail, service stations, 50 cities
do
Aviation gasoline:
6,922
6, 116
4, 906
6,003
6, 552
6,137
6,988
7,193
6, 694
Production, total
thous. of bbl
5,848
5,076
4,339
5, 068
4,875
5, 417
5, 977
5,325
6,191
100-octane and above.
- _ _ do
8,529
7,332
7,633
7,859
7,311
8,503
7, 865
8,085
8, 397
Stocks total
do
4,422
4,421
4,507
3,761
3, 863
3,878
4,470
4, 259
4, 751
100-octane and above
do
Asphalt:
922, 900 1, 009, 500 1,280,700 1,383,600 1, 493, 500 1, 475, 100 1,407,100
739, 300
719,300
Production
short tons
1, 527, 300 1, 713, 500 1, 753, 500 1, 660, 500 1,436,000 1,167,100
967, 500
690, 400
755, 800
Stocks, refinery, end of month
do
Wax:
94, 360
96. 880
95, 480
80, 360
92, 680
116, 200
100, 240
113,120
105, 000
Production
thous. of Ib
179, 200
179,760
169. 680
199, 360
193, 480
173, 600
190, 400
158, 480
168, 000
Stocks, refinery, end of month
do
Asphalt products, shipments:
3,869
4,742
5,172
5, 103
5,355
3,549
5,856
6,609
6,387
Asphalt roofing, total
thous. of squares. _
Roll roofing and cap sheet:
1,019
913
1,001
1,040
1, 060
1,169
876
1,321
1, 405
Smooth-surfaced
do
1,133
888
1,046
1,109
1, 166
861
1, 365
1,617
1,549
Mineral-surfaced
- - do _
2,969
2,067
2,676
3,023
1,811
3,130
3,322
3, 587
3,517
Shingles all types
do
119
135
126
123
136
151
144
224
190
Asphalt sidings
- do _
59, 274
45, 957
52, 791
52, 540
46, 644
56, 335
61, 200
62, 439
67, 754
Saturated felts
short tons

.104
.129
. 203

P . 104
* .129
.206

7, 020
6, 060
9. 754
5 241

748, 700
998 700
707 300
910, 400 1, 149, 300 1, 368, 200
106, 680
156, 520

113, 400
161, 000

105, 840
160, 440

4,254

2,931

3, 111

950
1, 037
2, 266

676

721

669

1,472

1,623

1, 602

52, 099

40, 792

46, 292

43, 423

r 2, 247
' 2, 131
r
5, 926

2,432
2, 367
6,006

2, 297
2', 149
6 145

782

174

767

127

131

2,966

695
114

PULP, PAPER, AND PRINTING
PULPWOOD 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
WOOD PULP
Production:
Total, all grades
thous. of short tons
Dissolving and special alpha t
-- short tons._
Sulphate (paper grades) t
do
Sulphite (paper grades) f
do
Soda
do
Groundwood _ _ _ _
_ _ _ - _ _ _ do_ Defib rated, exploded, etc
do. _ _
Stocks, own pulp at pulp mills, end of month:
Total, all grades
short tons_.
Sulp hate (paper grades)!
do
Sulphite (paper grades) t
__do_ .
Soda
._ _
-_
do. .
Groundwood
_ __ _
do_ _ _
Exports, all grades, total
Imports, all grades, total
.
Dissolving and special alphaf
Sulphate t
- _
Sulphite (paper grades) t
Soda
Groundwood

do
do_
do
do_
do
do
do

2,561
2,227
5,775

1,903
2,235
5,582

1,900
2,247
5, 234

2,044
2,127
5,148

2,211
1,910
5,448

2,527
2,209
5,766

2,355
2,104
6,007

2,255
2,351
5,917

2,150
2,224
5,843

620, 775
632, 317
580, 809

647, 081
650, 550
576, 038

650, 014
640, 933
587, 616

597, 539
618, 966
564, 079

589, 727
605, 572
548, 623

550, 030
561,067
536, 811

631, 070
667, 847
501, 402

693, 247
698, 420
496, 775

786, 664
775, 224
510, 317

685, 279
704, 127
492 249

1, 373
52, 739
723, 351
207, 844
37 651
194, 723
82, 763
r

2,482
2, 332
5,915

1,456
59, 532
763, 939
215, 584
39, 041
214,847
86, 773

1, 375
60, 737
708, 162
205, 611
37. 813
198, 464
89, 170

1,402
61, 855
724, 682
206, 808
37, 840
203, 259
87, 398

1,323
56, 102
690. 882
184, 265
33 893
194, 762
89, 236

1,180
55, 839
607, 453
156, 865
20 953
181,974
84, 161

1,381
62, 173
728, 421
196, 340
32 708
194, 697
83, 646

1,305
60, 401
670, 471
186, 823
32 320
185, 254
84, 958

1,461
65, 441
761, 522
205 110
36 628
204, 312
92, 331

1,304
59, 762
739, 059
190, 129
35 173
189, 874
93, 005

113, 496
26, 886
»• 26, 120
1,781
38,912

124, 064
29, 926
30, 180
1,973
41,861

139, 706
32, 894
34, 473
2, 161
42, 547

147,535
35, 416
34, 249
2,170
41,088

156, 864
38, 813
38, 488
2, 640
41, 030

146, 208
35, 867
33,417
2. 563
36, 722

152, 021
42, 955
32, 252
2,425
31,983

146, 712
42, 769
32, 722
2, 321
26, 681

149, 404
42, 786
31, 489
2 282
22, 563

24, 261
161, 738
14, 623
65, 882
63, 453
2,654
14, 306

22, 369
155, 331
14, 339
56, 373
61, 804
2, 573
19, 544

29. 522
146, 760
16, 595
49, 71 9
58, 244
2, 619
18, 878

30, 131
147, 433
15, 028
59, 365
52, 766
2,229
17, 408

19,666
133, 599
13, 353
50, 681
46, 551
2,197
20, 205

9, 883
122, 636
18, 053
47, 747
40, 689
1,743
13, 851

14,861
138. 616
19, 333
50, 814
46, 837
2,113
18, 846

11,388
160, 423
19, 833
59, 195
50, 536
2,494
27, 773

2,005
1,048

2,071
1,095

2,014
1,051

2,011
1,029

1,949
981

1,762
869

2, 059
990

2,027
969

r

r

687. 220
708. 058
509, 058

647 080
682 469
476 575

1, 348
49, 548
700 304
186 072
36 004
197^ 113
91 021

1,483
58, 871
784, 840
205 504
36 875
210,319
93, 629

1, 358
49, 214
715 468
186 191
34 7g2
193, 925
88 308

154, 700
43, 809
32, 513
2,641
22, 394

''154,327
47 159
r
29, 111
2.403
r
25 115

164, 777
46 920
35, 175
1 861
28 094

158, 036
39 166
32, 592
1 936
31 683

11, 560
170, 340
25, 579
63, 100
55, 096
2,257
23, 593

11 712
200, 827
23, 787
74, 047
72, 759
2,298
27, 107

12 031
222, 780
21, 551
84, 287
90, 924
2,623
22, 731

13 489
190 911
19 934
81,119
64 621
2, 560
21 302

2,279
1,080
1,075

2,104
992

r
r

r

696 981
666, 765
521, 737

T
r

PAPER AND PAPER PRODUCTS
All paper and paperboard mills:
Paper and paperboard production, total
thous. of short tons__
Paper (inch building paper)
.
do,
Paperboard
do
Building: board
___do
T

859
97

881
95

867
97

875
106

858
110

783
110

942
126

941
118

124

997
115

r

2, 023
••977
r
936
••109

r

r

2, 205
1, 053
1 032
119

2,066
986

968
112

Revised.
*> Preliminary.
* New basis, representing total gasoline production (comparable figure for December 1952 is 107,581,000 bbl.); comprises total gasoline and naphtha fror
2
crude, natural gasoline used at refineries, and natural gasoline sold to jobbers, etc. (not shown separately).
Includes unfinished gasoline production (net); comparable figure for Decen
ber 1952 is 95,097,000 bbl.
3 Excludes benzol, etc.; comparable figure for December 1952 is 20,769,000 bbl.
^Excludes "special category" exports not shown separately for security reasons.
*New series. Prices are for bulk lots, f. o. b. refineries. Quotations prior to 1951 will be shown later.
fBeginning with the February 1953 SURVEY, data for rayon and special chemical grades of wood pulp produced by the bleached sulphate and bleached sulphite processes have been combine
under the dissolving and special alpha grades. The sulphate and sulphite grades include both bleached and unbleached and represent paper grades only (except sulphate imports for which thi
detail is not available). In 1949, production of dissolving and special alpha grades averaged 35,000 tons per month. Data beginning 1950 will be shown later.




SURVEY OF CURRENT BUSINESS

April 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

S-37

1952

February

March

April

May

June

July

1953

September

October

November

807, 132
784 617
756, 433
749 664
427 350

892, 616
817, 556
851, 888
861, 102
418 101

759, 399
765 444
799 599
800 447
420 669

821,
793
797
793
424

731
397
624
778
514

890,000
815 295
872, OCO
868 000
427 700

800,
818
806,
796
437

000
295
000
000
670

82 938
57, 150
100 213
98, 080
93 850

91
56
100
93
99

107
52
111
111
98

357
824
288
547
903

92
38
98
96
103

300
408
393
903
897

92
37
85
93
106

205
023
799
590
106

105 000
41 000
97 OCO
101 OGO
102 000

100
41
101
97
111

000
800
000
000
500

258
422
267,
264
140,

298 820
465 435
256 921
255 785
14l' 915

313 878
487 440
293, 743
292 239
143, 419

248
458
277
276
144,

823
860
372
152
548

315 082
486 018
284 647
287 924
141 271

313
499
308
300
149

280
494
280
277
150

000
000
000
000
000

August

December

January

February

PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS— Con.
Paper, excl. 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 1001b__
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: f
New orders
1947-49=100.Shipments
do

842, 191
903, 374
865, 400
851, 819
344, 664

852, 186
854, 820
896, 773
881, 775
361, 070

813,274
825, 736
850, 216
842, 129
369, 375

740, 502
747, 506
817, 027
803, 031
376, 503

753, 235
729, 006
773, 003
769, 654
381, 065

715, 288
768, 806
674, 759
671, 174
384, 550

114, 955
138, 310
122, 133
116, 643
67, 895

108, 853
120, 280
124, 033
121, 995
69, 710

104, 915
111, 930
116, 076
113, 781
72, 250

91, 140
93, 500
115, 790
109, 550
78, 490

89, 628
86, 000
100, 121
96, 843
81, 905

83, 848
88, 000
84, 195
81, 323
84, 750

288, 745
475, 150
290, 945
290, 555
130, 180

288,
458,
300,
295,
135,

296,
460,
295,
293,
138,

261, 286
425, 000
288, 313
285, 851
140, 488

276, 760
423, 000
278, 120
279, 095
139, 500

262, 177
450, 000
238, 014
232, 209
145, 300

200
050
497
680
960

780
500
614
550
025

752,
726,
775,
768,
422

557
902
723
208
465

666
402
433
517
775

582
738
268
032
195

000
000
000
000
000

13.55

13.55

13.55

13.55

13.55

13.55

13.55

13.55

13.55

13.55

286, 297
193, 108
293, 068
289, 132
75, 550

294, 560
182, 684
307, 066
300, 445
82, 900

254, 759
160, 500
277, 891
276, 686
84, 100

246, 360
140, 000
269, 058
262, 180
84, 000

237, 383
135, 000
250, 159
240, 210
95, 000

221, 930
143, 000
216,743
212, 740
99, 000

257, 062
155 270
256, 307
251, 791
130, 250

259 527
170 090
245 051
244, 705
130 595

294, 513
184 550
273 935
280, 050
124, 480

263, 053
173 218
269 137
274, 385
119, 232

257
175
256
255
120

190
106
330
302
260

289 000
180 000
287 000
284, 000
123 000

264
178
266
266,
123

457, 835
441, 349
143, 640

476, 492
453, 162
166, 970

471, 235
468, 018
170, 187

495, 972
492, 478
173, 681

451, 915
483, 791
141, 805

485, 539
483, 250
144, 094

486, 496
488 575
142 015

461 508
462 404
141 119

502, 791
486 159
157 751

463, 435
498 987
122 199

463 377
463 064
122 512

473 640
467 627
128 525

439 167
408 610
159 082

348, 630
94, 759
96, 982

399, 258
99, 633
98, 696

393, 470
94, 767
94, 250

404, 071
103, 440
103, 783

379, 943
99, 080
98, 138

329, 729
94, 192
94, 933

341 571
97, 831
99 008

379 669
92 301
90 645

425 981
97, 144
97 789

416 974
89, 842
90 429

386 627
86 659
83 007

351 775
f 93 789
93 908

346 035
82 892
83 208

7,515
475, 502
99, 741
398, 936

8,452
457, 617
87, 887
416, 469

8,969
460, 475
72, 475
419, 848

8,626
442, 739
79, 028
409, 649

9,568
476, 479
74, 592
459, 005

8,827
532, 297
75, 474
427, 945

7
573
86
400

9
582
77
422

8
561
69
432

661
016
364
597

8 074
527 525
97 206
407 300

11
530
81
452

11
556
89
391

607
022
767
816

11 291
555 508
93 225

125. 25

125 25

125 25

125 25

P 125 25

917, 500 1,065 800 1, 076, 300 1 020 500 1 077 600
388 400
453 000
459 900
457 400
478 400
955, 600
955' 700 1, 142, 200 1, 004 900 1 029 100
89
96
85
88
96

971 800
455 100
985' 500

968 700
437 300
973 800

116. 75

116. 75

117. 00

117. 00

119. 50

119. 50

829, 300
355, 200
867, 800
86

923, 000
380, 400
880, 500
85

875, 600
417, 600
869, 500
82

880, 000
375, 000
906, 000
82

850, 300
352, 900
832, 800
82

845, 800
444, 200
773, 700
71

650
502
444
541

122 00

306
209
573
887

122 00

13.55

726
651
258
263

13.55

91

* 13. 55
000
000
000
000
500

95

5,569

5,935

5,765

5,974

5,580

5, 538

6,340

6 743

7,471

6 796

6 707

6 288

143.1
136.0

149.7
138.4

136.7
135.0

142.0
132.7

156.7
140.3

147.5
126.4

162 0
145 3

163 0
158 0

174 1
170 8

146 8
141 6

147 4
147 4

158 5
147 5

152 5
138 3

723
575
148

1, 371
1,081
290

1,055
855
200

1,240
937
303

1,003
754
249

601
472
129

904
699
205

949
796
153

1 118
930
188

1 263
1 034
229

893
709
184

814
629
185

1 031

39 274
84 190
51 465

45 110
82 861
55 651

41 749
86 243
48 776

44 790
95 260
78 192

r 47 766
r 97 730
63 767

44 960
93 698

.290

.300

PRINTING
Book publication total
New books _
New editions

number of editions
___do
do

811
220

RUBBER AND RUBBER PRODUCTS
Natural rubber:
Consumption __

RUBBER
long tons _ _

Stocks, end of month

do

Imports, including latex and guayule
do
Price, wholesale, smoked sheets (New York)
dol. perlb..
Chemical (synthetic):
Production
long tons
Consumption
do
Stocks, end of month
_do_ _
Exports
_
. d o
Reclaimed rubber:
Production
do
Consumption
do
Stocks, end of month
_
do

34, 841
73, 959
76, 383

35, 682
61, 553
85, 172

36, 417
59, 422
82, 974

36, 347
63, 988
69, 233

36, 946
72, 995
67, 261

32, 760
84, 839
50, 468

32, 941
84 657
67 139

.505

.505

.485

.485

.380

.315

.305

.275

.270

74, 943
66, 567
145, 277
2,141

79, 416
69, 744
151,249
3,490

77, 437
68, 492
159, 701
2,415

61, 368
67, 339
154, 339
2,350

64, 040
66, 203
151, 324
1,154

58, 992
58 642
152, 373
1,499

59, 214
61 214
150, 254
1,921

58 352
66 668
141 837
1 573

62 553
73 963
133 042
1 525

23, 883
24, 518
43, 306

22, 808
24, 797
40, 579

23, 948
23, 911
39, 767

23, 142
22, 314
40, 169

21,079
21, 850
38, 973

16 213
18, 354
36, 287

17 131
20, 548
32 224

21 732
23 131
31 430

27 405
26 830
31 463

22 684
22' 896
30 176

7,463
6,184
2,301
3,721
163
11, 370
164

7,786
6,134
2,484
3,512
137
13, 043
181

7,189
6,967
2,814
4,038
115
13, 295
127

7,433
7,443
2,719
4,624
101
13, 263
108

7,366
9,003
2,617
6,256
130
11,668
107

7,097
7 148
1,186
5 845
117
11 647
140

6,933
7 989
1 632
6 226
131
10 637
159

7 391
8 049
2 826
5 082
141
9 960
154

8 663
7 846
3 200
4 532
114
10 821
' 95

5,138
4,958
10, 507
125

5,497
5,034
10,900
105

5,481
5,305
11,013
88

5,771
5,330
11, 493
63

5, 536
6,040
10, 974
83

4,790
4 507
11, 223
134

4,867
5 431
10, 627
79

5 397
5 984
10 086
104

6 220
5 859
10 386
55

.295

.272

60 540
65 740 r 69 482
71 635 r 72 810
66 240
123 745 r 118 987 r 117' 875
1 323
1 148
1 487

66 975
68 860
114 648

25 606
24 300
30 664

r 26 784
r 24 696
* 31 244

24 350
23 929
30 350

7 384
5 892
2 665
3 140
86
12 272
85

7 945
6 226
2 916
3 173
137
14 096
95

8 238
7 882
3 004
4 794
84
14 118
86

8 236
7 243
3 263
3 895
85
15 295

5 117
4 617
10 910
60

5 644
4 869
11 744
48

6 130
r 7 538
10 169
46

6 4^8
6 364
10 308

TIRES AND TUBES
Pneumatic casings:
Production...
Shipments, total
Original equipment. .
Replacement equipment
Export.. _ __
Stocks, end of month
Exports©
Inner tubes:
Production§
Shipments §_
Stocks, end of month§
Exports
r

_ _ . -thousands-do
__
do
do
_ _
_
do
do
-_ do
do
do
do
do

1

Revised.
* Preliminary.
*New series. Compiled by the U. S. Department of Labor, Bureau of Labor Statistics; monthly data beginning 1947 will be shown later,
t Re vised series, reflecting use of new base period; data prior to February 1952 will be shown later.
©Excludes "special category" exports not shown separately for security reasons.
§Includes data for motorcycles.




SURVEY OF CURRENT BUSINESS

S-38
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

April 1953

1952
February

March

April

May

June

1953

July

August

September

October

November

December

January

February

STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and cloth, shipments ..reams. . 162, 959

174, 155

185, 451

168, 174

161, 544

157, 412

160, 795

174, 449

182, 612

176, 845

164,085

168,910

184, 754

18,095

19,817

21, 829
92

21, 342
90
25, 084
15, 158

23,573

23,010

24, 181
101
27, 222

22,048

95
19, 771
8 823

4,329

20, 881
87
13, 740
15 957
5 385

18,855

9,513

20, 748
90
25, 067
18, 896
r
8, 578

79
13, 520
r
21 294
r

17, 325
80
14, 155
24 464

489, 779
479, 409

510, 226
504, 459

538, 183
530, 377

471 331
440 700

436 508
383, 597

391 241
353, 088

PORTLAND CEMENT
Production
Percent of capacity _
Shipments
Stocks, finished, end of month
Stocks, clinker, end of month

thous. of bbl_.
thous. of bbl__
do
do

16,545
76
14, 362
24, 519

'9,021

78
15, 993
26, 622
' 10, 833

392, 482
378, 321

434, 789
411, 819

r

86
21, 764
24, 672
10, 520

23,282
23,220

7,548

99

25,915

99
26, 240

6,262

9,584
5,352

531, 547
512, 135

530 990
527, 147

12, 819

6,546
4,360

7,445

8,829

CLAY PRODUCTS
Brick, unglazed:
Production J
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
Shipmfvntf!
do
Structural tile, unglazed :J
Production
do
Shipments
do

484, 468
492, 488

546 446
551, 040

27.317

27.317

27.217

27. 217

27. 217

127.409

27.409

27.409

27.409

27.409

27.409

27. 409

127, 442
97, 107

139, 685
118, 092

139, 573
139, 744

128, 020
134, 221

143, 426
145, 603

132, 061
142, 566

136, 595
146, 934

145, 012
150, 341

151, 052
160, 498

130 019
120, 236

135, 309
r
98, 131

113, 227
94, 920

78, 061
75, 617

76, 119
69, 494

82,647

84,209
82,285

86, 470
83, 994

91,836

82, 911

83,338

88,572

73, 216
73, 326

78, 823
66, 270

81, 541

87, 251

85, 434
87, 976

82, 736

84, 813

8,783
8,053

9,400
9,005

9,523
9,577

10, 220

10,080
9,607

10,042
9,735

10, 700
11, 126

10, 100

10, 704
10, 119

8,888
8,296

8,250
7,889

9,293
8,602

P 27. 409

63,050

GLASS PRODUCTS
Glass containers:
Production..
thous. of gross..
Shipments, domestic, total
do
General -use food:
Narrow-neck food
do
Wide-mouth food (incl. packers' tumblers,
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. _

9,888

9,688

9,000

8,510

859

881

1,125

1,216

915

892

1,186

1,464

1,220

719

653

862

825

2,123

2,400

2,474

2,767

2,706

2,733

3,210

2,736

2,818

2,234

2,109

2,485

2,403

503
874

655
806

767
700
1,061

977
955

1,123
1,198

1,073
1,244

330
528
1,381

484
714

385
535

1,834

476
768
1,035
2,111

666
570
1,380

1,860

788
1,257
1,120
2,313

1,962

693
199

979
2,272
783
228

10, 093

10, 216

2,355
850
244
9,863

5,357

4,701

840

940
2,064
735
233
9,871

852

905

739
214
10,060

788
264
10,107

928
327
9,449

772
327
9,594

2,298
859
307
9,854

2,083
751
270
10,087

497
572

1,928

756
285

911
2,356
808
260

10, 166

10, 427

929
2,270
804
212
10,677

961

6,387

4,537
5,329
9,073

4,831
5,491

8,349

4,966
5,245
8,023

5,191

5,061
10, 241

4,987
9,892

8,628

4,050
8,389

5,696

9,989

8,035

4,960
4,428

8,431

8,911

5,975
5,399
8,724

9,566

3,857

3,431

3,474

3,551

2,908

2,945

3,354

3,308

4,374

3,666

3,295

3,652

3,656

5,136
5,514

5,833

5,181

3,816

6,012

4,693

5,541

GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Production

Gypsum products sold or used, quarterly total:
Calcined:
For building uses:
.case pat p
All

fh

hMH

T fh
Tile

.. _
l~~t
l

Industrial plasters

c\n ~

thnn<? of <?n ft
do
short tons..

734

716

401
1,806
1,582

2,067

1,218
2,164
1,846

2,033

1,720

526, 045

559, 966

602, 603

610, 738

451, 841
13 086
134, 090
508, 785

494, 822
14, 045
143, 059
589, 300

533, 226
13, 337
165, 283
645, 548

424, 371
12, 125
161, 130
570, 922

761 566
67, 484

830, 644
61, 426

902 174
58, 438

935, 541
65, 195

do

7,602

6,670

1,723

6,265

6,507

TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
thous. of dozen pairs. . ' 13, 368
r 13, 424
Shipments
.
do
28, 851
Stocks end of month
_
_ do

13, 250
13, 961
28,163

13, 476
13, 551
28,067

13, 324
12, 317
29, 129

13, 046
12, 481
29, 774

11,768
11,637
29,905

13, 892
14, 447
29,350

14, 076
15, 155
28,200

15, 627
16, 757
27, 068

14, 108
15, 034
26, 140

13, 278
12, 886
26, 327

14,360
13, 555
27,204

13, 857
13, 724
27, 350

176

1,413

5,716

10, 786

13, 420

13, 988

14, 715

s 14, 949

COTTON
Cotton (exclusive of linters) :
Production:
GinningsS
thous of running bales
Crop estimate, equivalent 500-lb. bales

2 15, 072

3
15, 134
893, 806
765, 778
759, 737
686, 951
674, 773
697, 637
744,383 736, 248
915, 593
697, 984
848, 055
Consumption^ _ _
. .bales. _ 769, 641
Stocks in the United States, end of month,
13, 422
14, 503
12, 373
11,093
2,789
15, 704
10, 164
3,449
16, 667
6,522
5,355
7,662
4,366
total^
thous. of bales -_
14, 452
13, 371
12, 317
11,019
15, 646
10,086
2,720
16,600
6,425
3,370
4,280
5,258
7,560
Domestic cotton total
do
4,495
1,882
1,362
13, 991
6,550
10, 720
2,967
401
220
1,069
742
527
1,535
On farms and in transit
do
6,644
7,437
1,502
1,795
3,977
7,442
7,779
6,906
2,372
1,783
4,385
2,986
3,761
Public storage and compresses
do
1,439
949
1,819
999
814
1,258
1,571
1,695
1,594
1,186
1,380
1,530
1,640
Consuming establishments
do
51
74
51
69
55
78
66
58
79
97
97
86
103
Foreign cotton, total
do
3
r
1
2
Total ginnings of 1952 crop.
Revised.
f Preliminary.
Specification changed; earlier data not strictly comparable.
Total ginnings of 1951 crop.
^Revisions for January-July 1951 will be shown later.
•[Revised series. Data beginning 1947 will be shown later.
cf Includes laminated board, reported as component board.
§Total ginnings to end of month indicated.
IData for April, July, and October 1952 and January 1953 cover 5-week periods and for other months, 4 weeks; stocks are for end of period covered.
NOTE FOR MILL MARGINS SERIES, p. S-39. The method of compiling average mill margins has been revised to incorporate new constructions, similar to those formerly used
which are no longer being made in quantity, and to substitute "landed" raw cotton prices (Memphis territory growth) for the 10 spot market quotations. Revised data for January 1952, 27.62
cents; data for August 1950 through 1951 will be shown later.




2

15 144
735, 251

SURVEY OF CURRENT BUSINESS

April 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

S-39

1952
February

March

April

May

June

1953

July

August

September

October

November

December

January

February

TEXTILE PRODUCTS—Continued
COTTON—Continued
Cotton (exclusive of linters)— Continued
Exports
bales
Import??
do
Prices (farm), American upland
cents per lb_.
Prices, wholesale, middling, !Me", average, 10
markets
cents perlb..
Cotton linters :J
Consumption
thous. of bales
Production
do
Stocks, end of month.
do

587, 763
35, 470
36.9

419, 104
1 652
36.0

334, 248
1,449
36.8

315, 842
373
36.0

264, 418
4,367
38.0

48,116
6,865
37.0

106, 853
7 797
37.9

240, 501
10 909
39.1

296 025
7 735
36.8

337 208
12 362
34.1

465, 966
33 268
31.7

291 829
25 322
29.8

30.2

40.6

40.8

40.7

38.6

40.4

39.4

39.4

38.9

36.7

34.8

33.1

32.5

32.9

120
174
629

108
140
655

98
99
630

97
70
560

99
46
541

80
36
532

95
46
528

88
168
578

108
256
706

109
233
837

114
211
901

111
207
1,047

110
174
1,077

72, 283
1,999

2,381
73, 609
1,434

59, 942
1,643

63, 442
1,295

2,264
54, 136
1,251

54, 291
2,532

63,315
1,529

2 325
61, 830
3,976

70 866
6,433

67 119
3,271

2 540
58, 627
7,634

54 784
3,647

r

r

r

r

r

r

COTTON MANUFACTURES
Cotton cloth:
Cotton broad-woven goods over 12 inches in width,
production quarterly & mil of linear yards
Exports
thous of sq yd
Imports
do
Prices, wholesale:
Mill margins t
cents per Ib
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, natural stock, on cones or tubes:
Prices, wholesale, f. o. b. mill:*
20/2, carded, weaving
dol. per Ib
36/2, combed, knitting..
_
do
Spindle activity (cotton system spindles) :^
Active spindles, last working day, total thous. _
Consuming 100 percent cotton
do _
Spindle hours operated, all fibers, total. mil. of hr.Average per working day
_ do __
Consuming 100 percent cotton
do
Operations as percent of capacity

«• 27. 07
42.7
17.0
18.8

25. 28
42.7
16.5
18.0

24. 30
42.7
16.4
17.3

24. 55
42.7
16.0
16.5

' 22. 88
40.7
16.8
16.5

25. 39
40.7
17.4
17.0

26.83
40.7
18.4
17.5

r

29. 72
40.7
19.3
17.8

«• 32. 55
40.7
19.3
17.8

r

33. 05
40.7
18.3
17.8

•• 34. 12
40.7
18.5
17.3

r

34. 40
'40.7
18.3
••17.1

33.92
P40.7
P19.3
P17.0

r.709

.784
1.069

.755
1.035

.738
1.019

.730
.991

.727
1.006

.733
1.022

.742
1.045

.767
1.080

.762
1.082

.745
1.075

.728
1.047

f 1. 018

P. 702
J> 1. 018

21, 126
19, 854
9,265
471
8,696
127.3

21, 159
19, 885
9,040
452
8,478
122.3

20, 910
19, 613
10, 607
424
9,948
114.5

20, 834
19, 513
8,110
416
7,532
112.0

20, 770
19, 453
8,700
435
8,102
117.3

21, 325
19, 948
9,112
380
8,501
102.2

21, 398
20,000
9,516
476
8,870
128.1

21, 432
20, 041
9,768
501
9,134
135.1

21, 612
20, 215
12,341
499
11, 525
134.8

21, 583
20,180
9,870
506
9,219
137.0

21, 632
20, 290
9,183
483
8,637
130.9

21, 680
20, 314
12, 282
501
11, 521
135.7

21,622
20, 277
10, 179
518
9,561
140.2

57.8
23.6

55.6
19.9

57.7
21.6

66.8
24.2

75.2
27.2

83.1
26.9

84.7
28.0

81.0
26.7

75.0
24.1

73.6
26.8

71.2
25.1

76.7
24.1

70 9
18.5

99.3
15.7
9,509

101.7
18.0
11, 175

99.1
18.9
7,128

90.0
17.8
3,864

78.8
15.2
3,902

65.1
15.9
3,995

57.7
15.0
5,960

54.9
15.5
5,010

58.4
17.8
3,872

59.1
15 9
3,687

64.4
17.4
3,691

64.0
!8.8
5,503

62.9
16.4

.780
.400

.780
.400

.780
.400

.780
.400

.780
.400

.780
.400

.780
.400

.780
.400

.780
.400

.780
.400

.780
.366

780
.366

v .780
p. 366

RAYON AND ACETATE AND MFRS.
Filament yarn and staple:
Shipments, domestic, producers':
Filament yarn
mil of Ib
Staple (inch tow)
do
Stocks, producers', end of month:
Filament yarn
do
Staple (incl. tow)
do
Imports
thous . of Ib _ _
Prices, wholesale:
Yarn, viscose, 150 denier, filament, f. o. b. shipping point*
dol. per Ib
Staple, viscose, Iji denier - _
do__
Rayon and acetate broad-woven goods, production,
quarterly CJ1
thous of linear yards

406, 372

445, 562

r

499, 197

460, 958

SILK

Silk, raw:
Imports
thous. of Ib
Price, wholesale, white, Japanese, 20/22 denier,
87% (AA),f. o. b. warehouse 9
dol.perlb..

1,205

975

705

861

1,275

967

893

1,363

1,071

716

1,032

901

4.97

4.91

4.89

4.90

4.95

5.23

5.43

5.43

5.47

5.43

5.45

5.55

24,756
9,720
27, 432

23,924
9,252
28, 619

30,020
11, 020
34, 347

25, 472
8,072
30, 633

27,284
5,644
24,825

31,350
6,380
31, 013

30, 432
9,044
26, 979

30, 872
10, 548
28, 118

38,025
12, 860
64,994

28,420
10, 920
20, 316

••26,984
11, 688
29,686

34, 370
13, 690
40 894

U.644

11.600

11.580

1 1. 594

11.600

1.627

11.660

1 1. 596

1.665

1.725

1.725

1.725

.644

.638

.598

.585

.585

.594

.605

.590

.620

.650

.650

650

650

i 1. 562

i 1. 375

1.375

1.425

1 1. 425

1.425

i 1. 425

1 1. 425

1 1. 535

i 1. 625

1 1. 675

1 1. 725

1 1.725

»5.56

WOOL
Consumption (scoured basis) :§
Apparel class
thous. of lb__
Carpet class
do
Imports, OlPfVH WfiightA
do
Prices, wholesale, Boston:
Raw, territory, 64s, 70s, 80s, scoured.. dol. per lb._
Raw, bright fleece, 56s, 58s, greasy, 47 percent
shrinkage
dol. per Ib
Australian, 64s, 70s, good topmaking, scoured, in
bond..
dol. per Ib

1.725

WOOL MANUFACTURES
Machinery activity (weekly average) :§
Looms :O
Woolen and worsted:
139
145
145
169
165
166
130
159
147
136
163
Pile and Jacquard thous. of active hours
160
r
1,743
1,735
1,880
1,811
1,893
1,528
1,592
1,647
1, 935
1,727
1,534
Broad
do
1 871
18
19
19
16
20
19
18
13
Narrow _ _
_
do
18
17
20
18
Carpet and rug:
126
134
56
128
114
73
139
138
144
113
117
Broad
do
139
51
50
54
52
27
51
48
40
52
46
Narrow
,do
56
47
Spinning spindles:
61, 138
69, 696
73, 268
74, 918
75, 293
63,457
67, 772
74, 495 r 71, 199
73, 806
67, 953
Woolen
do
68 978
r
68,504
70, 404
78,524
74,786
86, 475
72, 644
83, 067
86,856
81, 630
71, 007
83, 377
Worsted©
do
82 803
121
131
155
154
149
120
119
120
120
141
146
Worsted combs
do
147
Wool yarn:
57,832
54,200
51, 056
50,205
53, 472
56,480 '54,448
72, 190
50,984
60, 115
55, 340
Production, total§©
thous. of lb__
65, 055
r
7,455
6,092
6 036
6 563
5 356
5 772
7 960
6 705
Knitting §
do
8,980
6 888
7,608
7 365
39, 585
36,844
35, 768
34, 056
34, 204
47, 705
36, 580 r 35, 076
40,290
Weaving §
_do
38, 016
37, 208
42 275
11, 612
7,160
11, 572
10, 816
6, 798
13, 012
12, 208
13, 120
15,505
13, 600
10, 172
Carpet and other§
do
15 415
Price, wholesale, worsted yarn (Bradford
2.286
2.146
2.122
2.134
2.219
2.098
2.128
2.164
2.110
machine knitting system) 2/20s*_._dol. per lb._
2.122
2.122
v 2. Ill
2.122
r
Revised.
p Preliminary.
i Nominal price.
t Revised series. See note at bottom of p. S-38.
JData for April, July, and October 1952 and January 1953 cover 5-week periods and for other months, 4 weeks; stocks and number of active spindles are for end of period covered.
cfBeginning 1951, production of broad-woven goods is classified according to principal fiber content; production of fabrics containing 25.0-49.9 percent wool and rayon and cotton fabrics produced on woolen and worsted looms (which cannot be distributed between cotton and rayon goods) amounted to approximately 73 million yards in 1950.
*New series. Compiled by the U. S. Department of Labor, Bureau of Labor Statistics: monthly data beginning 1947 (except for cotton yarn and sheeting) will be shown later.
9 Substituted series. Data beginning January 1950 will be shown later.
§Data for April, July, and October 1952 and January 1953 cover 5-week periods; other months, 4 weeks.
Almports of unmanufactured wool converted to a clean-weight basis; imports were formerly shown in actual weight, i. e., in the condition received.
©Beginning 1951, looms weaving fabrics principally wool by weight.
©See note in August 1951 SURVEY regarding coverage of operations in cotton mills beginning with January 1951 data.




SURVEY OF CURRENT BUSINESS

S-40
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

April 1953
1953

1952

February

March

April

June

May

July

August

September

November

October

December

January

February

TEXTILE PRODUCTS—Continued
WOOL MANUFACTURES—Continued
Woolen and worsted woven goods, except woven
felts :t
Production, quarterly, total
thous. of lin. yd
Apparel fabrics total
do
Government orders
do
Other than Government orders total do
Men's and boys'
do
Women's and children's
do
Nonapparel fabrics, total
do
Blanketing
do
Other nonapparel fabrics
do
Prices, wholesale, suiting, f. o. b. mill:
Flannel, 12-13 oz./yd., 57"/60"*____1947-49=100__
Gabardine, lO^i-12^ oz /yd., 56"/58"*
do

87, 185
75 687
23, 533
52, 154
25, 111
27, 043
11, 498
6,536
4,962

124.3
111.1

122.6
111.1

82, 742
71 466
17, 241
54 225
27, 390
26 835
11, 276
5 572
5,704

122.6
107.5

117.8
107.5

117.8
107.5

88, 555
78 760
14, 943
63 817
27, 013
36 804
9,795
5,549
4,246

115.8
107.5

115.8
107.5

95, 313
82, 715
11, 197
71, 518
30, 726
40, 792
12, 598
7,483
5,115

111.3
107.2

111.3
107.2

111.3
107.2

112.5
103.9

r

112.5
104. 7

113.9
104.7

TRANSPORTATION EQUIPMENT
AIRCRAFT
number _
do

227
212

248
73

291
149

330
115

335
111

353
67

349
76

337
57

293
96

268
84

254
97

number
do
do_ __
do
do
do
do __

435, 216
625
525
333, 224
315,012
101, 367
85, 157

482, 973
569
499
372, 440
352, 064
109, 964
92, 614

529, 585
597
507
415,357
396, 393
113, 631
98, 110

503, 917
423
329
397, 486
380, 952
106, 008
90, 983

518, 710
484
382
407, 962
392, 471
110, 264
94, 962

211, 782
224
220
168, 327
161, 862
43, 231
36, 231

270, 982
349
271
218, 577
211, 140
52, 056
45, 204

551, 159
387
330
438, 397
425, 266
112,375
99, 375

604, 261
389
260
471, 808
459, 958
132, 064
116, 449

519, 536
319
244
405, 111
394, 313
114, 106
102, 504

535 027
231
189
418, 982
406, 156
115 814
103, 648

do
do
do

31 614
14, 272
17 342

33 808
16, 280
17 528

32 772
17, 633
15, 139

32 895
18, 139
14, 756

28 670
13, 468
15, 202

22 784
10, 813
11 971

14, 049
7,026
7,023

20, 073
10, 564
9, 509

22 005
9,410
12, 595

22 047
9,015
13 032

21 054
9,455
11 599

27 121
14 136
12 985

_ _do
do
do
do
do

4,655
4,416
1,873
2,543
219

5,124
4,733
1,994
2, 739
364

5,298
4,833
1,963
2,870
369

5,163
4,602
1,854
2,748
335

4,029
3,681
1,219
2,462
292

3,673
3,369
1,281
2,088
263

4,471
4,108
1,897
2,211
230

4,887
4,552
2,280
2,272
242

5, 465
5,149
2,708
2,441
260

4,907
4,609
2,464
2,145
250

5,392
5,033
2,560
2,473
248

5,858
5 318
2,588
2,730
223

6,009
5,353
2,586
2,767
286

do
do

Civil aircraft, shipments
Exports J

295, 479
59, 285

322, 857
63,364

374, 288
73, 461

422, 217
71, 690

423, 655
71, 471

340, 454
72, 134

215, 668
57, 786

318, 870
65, 381

383, 385
77, 486

360, 236
70 431

399, 906
69, 949

386, 221
72 606

396, 558
68, 616

7,383
5,494
5,494
1,889
21
21
10
0

8,161
5,840
5,838
2,321
4
4
4
0

7,433
5,234
5,204
2,199
12
12
12
0

7,263
5,171
4,765
2,092
2
2
2
0

6,539
4,976
4,848
1,563
13
13
13
0

5,658
4,116
3,860
1,542
8
8
8
0

4,674
2,990
2,853
1,684
5
5
5
0

3,935
2,052
1,879
1,883
13
13
13
0

5,577
3,103
2,963
2,474
11
11
11
0

6,098
4,201
4,032
1,897
11
11
11
0

7,968
5,893
5,769
2,075
20
20
20
0

8,103
6,094
5,972
2,009
15
15
15
0

7,789
6,072
6,063
1,717
17
17
17
0

1,758

1,761

1,761

1,763

1,764

1,763

1,759

1,757

1,755

1,756

1,757

1,759

1,762

87
5.0
93, 605
60, 107
33, 498

89
5.1
91, 056
58,234
32, 822

93
5.3
89, 917
54, 810
35, 107

96
5.5
84, 341
51, 198
33, 143

101
5.7
77, 984
46, 409
31, 575

107
6.1
76, 870
45, 094
31, 776

102
5.8
75, 684
43, 144
32, 540

98
5.6
73, 609
42, 171
31, 438

89
5.1
74, 728
41, 381
33, 347

90
5.2
72, 400
40, 355
32, 045

88
5.0
67, 138
35, 803
31, 335

88
5.0
66, 368
36, 550
29, 818

89
5.1
63, 711
34, 891
28, 820

2,701
13.3

2,480
12.6

2,502
13.0

2,237
12.1

2,170
12.0

2,131
12.0

2,217
12.7

2,125
12.5

2,015
12.1

1,939
11.9

1,890
11.9

1,851
12 0

1,835
12 1

1,573
17

1,441
16

1,463
30

1,347
28

1,156
26

1,186
25

976
23

841
21

864
19

894
17

943
15

948
14

1,057
12

37

56

59

39

58

54

52

43

49

45

51

38

681
611
70

702
646
56

643
598
45

652
617
35

648
554
94

394
369
25

564
528
36

516
488
28

588
549
39

622
585
37

741
674
67

704
669
35

365
107

MOTOR VEHICLES
Factory sales total
Coaches, total
Domestic
Passenger cars, total
Domestic
Trucks total
Domestic

_

Exports total J
Passenger carsj
Trucks and busses t
Truck trailers, production, total
Complete trailers
Vans
All other
Trailer chassis
Registrations:
New passenger cars
New commercial cars

T

565r 137
254
r
219
453, 319
435, 129
r
111 564
r
97, 844

582 990
190
189
486, 071
467, 440
96, 729
86, 201

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 o f total ownership _ _ _ _ _
. _
Orders, unfilled
number
E quipment 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:
Diesel-electric and electric locomotives, total
number of power units. _
Steam locomotives, total
number. _
Exports of locomotives, total _

do

INDUSTRIAL ELECTRIC TRUCKS AND
TRACTORS
Shipments, total
Domestic
Export

- -

-

number _
do
__do

' Revised.
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).
*New series. Compiled by U. S. Department of Labor, Bureau of Labor Statistics.
More complete specifications are: Flannel suiting—men's and boys', woolen, stock dyed, fine and medium
grade; worsted suiting—women's and children's gabardine. Monthly data beginning 1947 will be shown later.
J Data through December 1951 for total exports and trucks and busses exclude military-type exports not shown separately for security reasons; thereafter the figures, including those for
passenger cars, exclude all military-type exports.
§Not including railroad-owned private refrigerator cars.




IT. S. G O V E R N M E N T P R I N T I N G O F F I C E : 19S3

•INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40Pages marked S
Abrasive paper and cloth (coated)
38
Acids
. _ _ _ 24
Advertising
7, 8
Agricultural employment
10
Agricultural loans and foreign trade
15,21,22
Aircraft
11,12,13,14,40
Airline operations
22
Alcohol, denatured and ethyl
24
Alcoholic beverages
2, 6, 8, 27
Aluminum
33
Animal fats, greases, and oils
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, 16, 18, 21
Balance of payments
20
Banking
15, 16
Barley
28
Barrels and drums
32
Battery shipments
34
Beef and veal
29
Beverages
2,3,4,6,8, 11, 12, 14, 27
Bituminous coal
2, 5, 11, 13, 14, 15,34,35
Blast furnaces, steel works, etc
11, 12, 13, 14
Blowers and fans
34
Boilers
33,34
Bonds, issues, prices, sales, yields
19
Book publication
37
Brass
33
Brick
38
Brokers' loans and balances
16, 19
Building costs
7
Building and construction materials
7, 8, 9
Business sales and inventories
3
Businesses operating and business turn-over. _
4
Butter
27
Cans (metal), closures, crowns
33
Carloadings
22, 23
Cattle and calves
29
Cement and concrete products
2, 6, 38
Cereals and bakery products
5, 11, 12, 14
Chain-store sales (11 stores and over only)
9
Cheese
27
Chemicals
2,3,4,5, 12, 14, 15, 18,21, 24
Cigars and cigarettes
6, 30
Civilian employees, Federal
12
Clay products (see also Stone, clay, etc.)
2, 6, 38
Clothing (see also Apparel)
5, 38
Coal
2, 5, 11, 13, 14, 15, 21, 22, 23, 34, 35
Cocoa
22,29
Coffee
22, 29
Coke
2, 22,23,35
Commercial and industrial failures
4
Communications
11, 13, 14, 15, 18, 19, 20, 23
Confectionery, sales
29
Construction:
Contracts awarded
6
Costs

7

Dwelling units
7
Employment, earnings, hours, wage rates-_ 11,
12, 13, 14, 15
Highway
6, 7,12
New construction, dollar value
6
Consumer credit
16
Consumer expenditures
1,8
Consumer price index
5
Copper
22,33
Copra and coconut oil
25
Corn
19,28
Cost-of-living index (see Consumer 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, 11, 12,14, 27
Debits, bank
15
Debt, short-term, consumer
16
Debt, United States Government
17
Department stores
8, 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
7
Earnings, weekly and hourly
13, 14, 15
Eggs and poultry
2, 5, 29
Electric power
5, 26
Electrical machinery and equipment
3,
4,5,7,11,12,13,14,21,34
Employment estimates and indexes
10, 11, 12
Employment Service activities
13
Emigration and immigration
23
Engineering construction
6
Expenditures, United States Government
16
Explosives
25
Exports (see also individual commodities)
20, 21
Express operations
22
Failures, industrial and commercial
4
Farm income, marketings, and prices
2, 5
Farm wages
15
Fats and oils, greases
5,25,26
Federal Government
finance
16,17
Federal Reserve banks, condition of
15
Federal Reserve reporting member banks
16
Fertilizers
5, 24
Fiber products
34
Fire losses
7
Fish oils and
fish
_._ 25. 29
Flaxseed
25
Flooring
31, 32
Flour, wheat
___.
,
28




Pages marked S
Food products
2,
3, 4, 5, 7, 8, 9, 11, 12, 14, 18, 27, 28, 29, 30
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
22, 23
Freight cars (equipment)
40
Freight-car surplus and shortage
23
Fruits and vegetables
2, 5, 21, 27
Fuel oil
35
Fuels
2, 5,34,35
Furs
22
Furnaces
34
Furniture
2, 3, 5, 8, 9, 11, 12, 13, 14, 16
Gas, prices, customers, sales, revenues
5, 26
Gasoline
2, 7,8,9,36
Glass products (see also Stone, clay, etc.)
2, 38
Generators and motors
34
Glycerin
24
Gold
18
Grains and products
5, 19, 21, 22, 23, 28
Grocery stores
8, 9
Gross national product
1
Gypsum and products
6, 38
Heating apparatus..
6, 11, 12, 13, 14,33,34
Hides and skins
5, 22, 30
Highways and roads
.
6, 7, 12, 15
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
Kousefurnishings
5, 8, 9
Household appliances and radios
5, 8, 9, 16, 34
Immigration and emigration
23
Imports (see also individual commodities). 20, 21, 22
Income, personal
1
Income-tax receipts
16
ncorporations, business, new
4
ndustrial production indexes
2,3
nstalment loans
16
nstalment sales, department stores
10
nsulating 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, 4, 9, 10
Iron and steel, crude and manufactures
2,
6,21,32,33
Jewelry stores, sales, inventories
8,9
Kerosene
,_„„35
13
Labor disputes, turn-over_
Labor force
10
29
Lamb and mutton
29
Lard
33
Lead_
Leather and products
2, 3, 4, 5, 12, 14, 15, 30, 31
Linseed oil
25
Livestock
2, 5, 22, 23, 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 and products
2,
3,5,8,9,11,12,13,14,31,32
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
8, 9, 10
Manufacturers' sales, inventories, orders
3,4
Manufacturing production indexes
2,3
Manufacturing production workers, employment, payrolls, hours, wages
11, 12, 13, 14, 15
Meats and meat packing
2, 5, 11, 12, 14, 29
Medical and personal care
5
Metals
2, 3, 4, 6, 11,12, 13,14,15, 18, 32, 33
Methanol
,
24
Milk
27
Minerals and mining
2,3,11, 13, 14,15,20
Monetary statistics
18
Money orders
8
Money supply
18
Mortgage loans
7,15, 16, 17
Motor fuel
36
Motor vehicles
3, 5,8,9,40
Motors, electrical
34
National income and product
1
National parks, visitors
23
Newspaper advertising
8
Newsprint
22,37
New York Stock Exchange, selected data
19, 20
Nonferrous metals
2, 6, 11, 12, 13, 14, 22, 33
Oats

28

Oil burners
34
Oils and fats, greases
5, 25, 26
Oleomargarine
26
Operating businesses arid business turn-over. _
4
Orders, new and unfilled, manufacturers'
4
Paint and paint materials
5,26
Panama Canal traffic
23
Paper and pulp
2,3,4,6,11,12, 14, 15,22,36,37
Paper and products
2, 3, 4, 6, 11, 12, 14, 15, 36, 37
Passports issued
23
Payrolls, indexes
12
Personal consumption expenditures
1,8
Personal income
1

Pages marked S
Personal saving and disposable income
1
Petroleum and products
2,
3, 4, 5, 11, 12, 13, 14, 15, 21, 22, 35, 36
Pig iron
32
Plant and equipment expenditures
1
Plastics and resin materials
26
Plywood
31
Population
10
Pork
29
Postal savings
16
Poultry and eggs
2, 5, 29
Prices (see also individual commodities):
Consumer price index
5
Received and paid by farmers
5
Retail price indexes
5
Wholesale price indexes
5,6
Printing and publishing
2,3, 4, 11, 12, 14, 15,37
Profits, corporation
1,18
Public utilities...- 1, 6, 11, 13, 14, 15, 17, 18, 19, 20, 26
Pullman Company
23
Pulpwood
36
Pumps
34
Purchasing power of the dollar
6
Radio and television
5, 7,34
Railroads, employment, wages, financial statistics, operations, equipment
11,
12, 13, 14, 15, 17, 18, 19, 20, 22, 23, 40
Railways (local) and bus lines
11, 13, 14, 15
Rayon and rayon manufactures
2,39
Real estate
7, 16, 17, 19
Receipts, United States Government
16
Reconstruction Finance Corporation, loans
17
Recreation
5
Refrigerators, electrical
34
Rents (housing), index
5
Retail trade, all retail stores, chain stores (11
stores and over only), general merchandise,
department stores
3, 4, 8, 9, 10, 11, 13, 14, 15
Rice
28
Rooting and siding, asphalt
36
Rosin and turpentine
24
Rubber, natural, synthetic, and reclaimed,
tires and tubes
6, 22,37
Rubber products industry, production index,
sales, inventories, employment, payrolls,
hours, earnings
2, 3, 4, 12, 14, 15
Rural sales
___
10
Rye
28
Saving, personal
1
Savings deposits
16
Securities issued
18, 19
Services
4,5,8,11,13,14,15
Sewer pipe, clay
38
Sheep and lambs
29
Ship and boat building
11, 12, 13, 14
Shoes arid other footwear
2, 8, 9, 12, 14, 15, 31
Shortening
26
Silk, imports, prices
6, 39
Silver
18
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 Inventories)
10
Stocks, dividends, listings, prices, sales, yields.
20
Stokers, mechanical
34
Stone, clay, and glass products
2,
3, 11, 12, 13,14,38
Stoves
34
Sugar
22,30
Sulfur
25
Sulfuric acid
24
Superphosphate
24
Tea
30
Telephone, telegraph, cable, and radio-telegraph carriers
11, 13, 14, 15, 18, 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
2,3,4,5,6,8, 11, 12, 14, 15,21,30
Tools, machine
34
Trade, retail and wholesale. 3, 4, 8, 9, 10, 11, 13, 14, 15
Transit lines, local
22
Transportation, commodity and passenger. _ 5, 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 compensation
10,13
United States Government bonds
16, 17, 18, 19
United States Government
finance
16,17
Utilities
1, 5, 6, 11, 13, 14, 15, 17, 18, 19, 20, 26
Vacuum cleaners
34
Variety stores
8, 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
13, 14,15
Washers
34
Water heaters
34
Wax
36
Wheat and wheat
flour
19, 28
Wholesale price indexes
5, 6
Wholesale trade
3, 4, 10, 11, 13, 14, 15
Wood pulp
36
Wool and wool manufactures
2, 6, 22, 39, 40
Zinc
33

A REVIEW OF 1952

xpanson and L^ivitian
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