Full text of Survey of Current Business : April 1955
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APRIL 1955
ism
U. S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
SURVEY
©F
CIJIIIIENT
BUSINESS
NO. 4
APRIL 1955
DEPARTMENT OF COMMERCE
FIELD SERVICE
Albuquerque, N. Mex.
321 Post Office Bldg.
Los Angeles 15, Calif.
1031 S. Broadway
Atlanta 5, Ga.
50 Seventh St. NE.
Memphis 3, Tenn.
229 Federal Bldg.
Boston 9, Mass.
Miami 32, Fla.
U. S. Post Office and
Courthouse Bldg.
tents
Buffalo 3, N. Y.
117 Ellicott St.
PAGE
THE BUSINESS SITUATION
1
A Review of the Expansionary Movement
Advance in Retail Trade
1
3
Revival in Production
3
Company Participation
.,
Industrial Impact of Expansion
*
*
*
4
5
Service on Credits Scheduled
Years
8
for Next 6
13
Business Population
by Legal Form of Organization
*
14
*
MONTHLY BUSINESS STATISTICS... .S-l to S-40
Statistical Index
Inside back cover
Published by the U. S. Department of Commerce, SINCLAIR WEEKS,
Secretary. Office of Business Economics, M. JOSEPH MEEHAN, Director.
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to Treasurer of the United States.
Chicago 6, 111.
226 W. Jackson Blvd.
Cincinnati 2, Ohio
442 U. S. Post Office
and Courthouse
Dallas 2, Tex.
1114 Commerce St.
Foreign Grants and Credits in 1954
° NE- Fir8t A™.
Minneapolis 2, Minn.
2d Ave. South and
3d St.
New Orleans 12, La.
333 St. Charles Ave.
New York 17, N. Y.
Cheyenne, Wyo.
307 Federal Office Bldg.
Cleveland 14, Ohio
1100 Chester Ave.
SPECIAL ARTICLES
*
Charleston 4, S. C.
Area 2,
Sergeant Jasper Bldg.
30
Denver 2, Colo.
142 New Customhouse
Detroit 26, Mich.
230 W. Fort St.
HO E- 45tb St.
Philadelphia 7, Pa.
1015 Chestnut St.
Phoenix, Ariz.
137 N. Second Ave,
Pittsburgh 22, Pa.
-A _ 0. . _
107
Sixth Stj
Portland 4, Oreg.
520 SW. Morrison St.
Reno, Nev.
1479 Wells Avei
Richmond 20, Va.
900 N. Lombardy St.
St. Louis 1, Mo.
1114 Market St.
El Paso, Tex.
Chamber of Commerce
Bldg.
Salt Lake City 1, Utah
222 SW. Temple St.
Houston 2, Tex.
430 Lamar Ave.
San Francisco 11, Calif.
555 Battery St.
Jacksonville 1, Fla.
311 W. Monroe St.
Savannah, Ga.
125-29 Bull St.
Kansas City 6, Mo.
911 Walnut St.
Seattle 4, Wash.
909 First Ave*
For local telephone listing, consult section
devoted to U. S. Government
APRIL 1955
By the Office of Business Economies
A Review of the Expansionary Movement
E:EXPANSION of production and trade broadened further
during March with both consumer and business demand
strengthening. Sales of retail stores extended their advance
with a March seasonally adjusted sales aggregate of $15
billion which rounded out the largest first quarter on record.
March employment in nonagricultural establishments,
seasonally adjusted, of 48.7 million was up a quarter million
from February, the largest increase of the recovery period to
date, and ahead of the corresponding month of the precedingyear for the first time since 1953. The factory average work
week was also lengthened further to 40.7 hours. As compared with March 1953, however, private nonagricultural employment was 2 percent lower and factory hours 1 percent less.
A feature of the month was the widening extent to which
employment expansion was diffused throughout the economy.
All major private industry groups except mining and trade
showed more than seasonal increases in March. Factory employment of production workers, seasonally adjusted, expanded 1 percent with all of the main industry groups
participating except tobacco manufactures and ordnance.
The tendency in the most recent period has been to increase
the number of employees in addition to extending working
hours.
The upturn in Sales and New Orders
of Durable Goods Manufacturers
is largely in civilian business
BILLIONS OF DOLLARS
16
SALES
14
to
NEW ORDERS
Characteristics of the recovery
J I
I
I
I
\
I
I 1 1 I
f
1 1 I <
1 t
1 i i
Defense Business has shown little recent
change
NET NEW PRIME
CONTRACTS
DELIVERIES OF
HARD GOODS
I I
1950
1951
J952
1953
1954
1955"
QUARTERLY AVERAGES
* Preliminary
a S. DEPARTMENT OF, COMMERCE. OFFICE Of BUSINESS ECONOMICS
337839°—55
DATA.
Q.B.E. a DEPT. OF DEFENSE
5& - 19 -1
Economic activity has been expanding since the start of
the fall season. The early phases of the recovery, as well as
the periods of moderate decline and relative stability which
preceded it, have been reviewed in detail in earlier issues of
the SURVEY, and particularly in the February Annual Review
Number. Kecovery has now been under way long enough to
warrant more detailed examination of the factors involved
and the extent to which various sectors of the economy have
participated in the general advance.
Throughout 1954 demand had been expanding in important segments of the economy—notably consumer spending
for nondurable goods and services, and most branches of construction—while other sectors continued to decline or had
stabilized. In the fourth quarter the production advance in
the automobile industry, with its large employment and great
buying power, was a major factor in turning the balance of
activity upward. A widening circle of new orders for steel,
rubber, glass and other materials, and for parts and accessories, radiated to other manufacturers. An outstanding
Christmas season at retail stores, and continued high consumer demand in subsequent months, has been a major
element acting to broaden the recovery and to spread a more
optimistic business sentiment. These developments have
resulted in a reappraisal of inventory policy and an ending of
the pressure for liquidation.
The improvement in sales experience and prospects was
SURVEY OF CURRENT BUSINESS
also an important factor in the enlargement of 1955 programs
for fixed investment as compared with recent capital outlays.
According to the annual OBE-SEC survey detailed in the
March issue of this publication, the gradual contraction of
fixed investment under way since the end of 1953 is expected
to be reversed in the second quarter of this year.
Aspects of the Economic Recovery
Billic>ns of Dollars
400 P
Billions of Dollars
400
ERSC)NAL
INC OME
NNU* L RA1FES)
500
R ETA L SA LES
ftNNU HL RA TES)
*
1 IH |
—
200
300
-
200
mini
'
100
100
0
0
Index 1947-49=100
200
Index, 1947-49 = 100
200
D JRAB LE N ANU FACT URES
PRO DUCT ON
150
~
(F.R
B.)
limn
NO NDU *ABLE: MASJUFAC TURES
3
ROC UCTI ON (F. R. B.)
April 1955
recent readjustment period and its further strong advance has
contributed importantly to the recovery.
Expenditures for new private nonfarm residential construction in the first quarter of 1955 were one-third higher
than a year earlier. Generally favorable demand conditions
and the liberalization of credit, especially for Government
insured or guaranteed loans, have combined to broaden the
market.
In nonresidential private construction, the rising trend
also continued in the first quarter of the present year.
Commercial construction remains currently, as during 1954,
the most dynamic portion of this segment of the industry
with building of stores, restaurants and garages especially
active in the January-March quarter. Even industrial construction which lagged somewhat last year is now back to
the average 1953 level and ahead of the comparable period of
1954. Public utility construction continues steady in large
volume.
In the first quarter of 1955, after allowance for seasonal
factors, public construction activity, which had tended
downward in 1954, moved up to a rate 6 percent above that
in the second half of 1954.
Federal demand lower
150
rmrrm
100
-
100
*
60
50
0
-
0
Billio ns of Dollars
120
Billi ons of Dollars
40
M/\NUF ACTU RING a T RADE
INVE NTOFUES
(B DDK V'ALUE END OF M ONTH
M/WUFACTURERS'
NEW ORDERS
90
30
X
*
60
i
30
20
-
>
j
Falling Government demand, particularly for national
security purposes, has been offsetting increases elsewhere in
the economy but the rate of decline has lessened appreciably
in recent months. Deliveries of military hard goods are
expected to continue close to the current rate. Declining
purchases by the Federal Government more than offset increases in those of State and local governments, which have
risen by about $4 billion, at annual rates, since mid-1953.
Agricultural income and prices have not thus far participated in the recovery movement. Agricultural output, on
the other hand, is expected to hold at last year's peak rate.
Prospective spring plantings in 1955 as reported by farmers
about March 1 are somewhat larger than in 1954 with increases indicated for feed crops and soybeans. Livestock
prospects are for sustained heavy marketings in 1955.
10
Personal income broadening consumer demand
0
0
Hours
Billions of Dollars
4
AV ERAC5E WEEKLY HOURS
1 N M/WUFACTURING
(B. L.S.)
PR IVAT E CONSTRUCTION
/\CTI V I T Y
B. D.S.A.
45
a B.L.S.)
3
30
'
2
-
15
-
0
1
-
o
2nd Qtr. 3rd Qtr.
1953
1954
Mar.
1955
2nd Qtr. 3rd Qtr.
1953
1954
Note : Quarterly data are monthly averages. All data are
seasonally adjusted, except for average weekly hours.
Mar.
1955
b. data
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
The price structure has continued generally stable, in both
wholesale and consumer markets, although moderate price
advances have occurred in limited areas where supplies were
relatively inelastic.
Construction still going strong
Construction, including both private and public, was one of
the industries that maintained a rising trend throughout the
The rise of disposable personal income and the associated
broadening of consumer demand has been a main channel
through which recovery has spread. The stimulus to personal income was due chiefly to the larger wage and salary
disbursements associated with the upturn in production.
More generous payment of dividends, however, was also a
factor. Tax cuts, part of the effects of which are being
fully felt only this year, have also been important in lifting
consumer buying power.
Since the autumn upturn began, payrolls in the commodity
producing industries, which was the area most affected in
the previous downturn, have increased faster than those in
other lines of private enterprise. From the 1954 summer
quarter to February 1955, the industrial recovery lifted
manufacturing production worker payrolls by approximately 7 percent. Factory-worker payrolls increased ari
additional 2 percent in March. Larger employment, additional work hours, and higher average hourly earnings contributed in roughly equal measure to the rise.
Payrolls in the distributive industries in February were
1 percent above last summer's average, the gain stemming
from a small expansion in employment and slightly higher
earnings. Payrolls in the service industries, which after an
initial slight dip had moved gradually higher subsequent to
February 1954, continued their rise after the autumn upturn—at a somewhat faster rate.
SURVEY OF CURRENT BUSINESS
April 1955
Advance in Retail Trade
Trade moved quite differently from production during the
economic adjustment and recovery. Retail sales, having
slipped about 4 percent during the latter part of 1953, reversed their direction at the beginning of 1954—sooner than
other economic sectors—and after January followed an
irregular upward course. The decline and rise, however,
were not uniform. As indicated in the left-hand section of
the chart, the durable lines of trade accounted for most of
the earlier loss but all the groups shared in the ensuing rise.
Retail Sales more than recover 1953 lossesall major groups share in rise
PERCENT CHANGE
IstQtr. 1953 to 1st Qtr. 1954
-10
-5
0
f5
PERCENT CHANGE
1st Qtr. 1954 to 1st Qtr. 1955
0
+5
-HO +15
t20
+10
ALL RETAIL
STORES
AUTOMOTIVE
GROUP
GASOLINE
SERVICE STATIONS
FURNITURE 8
APPLIANCE GROUP
GENERAL MERCHANDISE GROUP*
APPAREL GROUP*
LUMBER, BUILDING,
HARDWARE GROUP
FOOD GROUP
DRUG a PROPRIETARY STORES
EATING 8
DRINKING PLACES
* Based upon seasonally adjusted data
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
BASIC DATA: CENSUS BUREAU
55-19-3
Brisk Christmas trade and the immediate consumer acceptance of the 1955 model autos led to an acceleration of the
rise in the last 2 months of the year which carried sales to a
new quarterly high. In the first quarter of this year sales
were at a seasonally adjusted rate 2 percent above the preceding quarter and more than 7 percent above the 1954 low.
Among the factors, other than the strength of consumer
income, operating to make retail trade the bellwether in the
recovery was an increase in promotional activity by business
firms. This extra sales drive pervaded the entire field of
retail distribution.
Total sales at nondurable-goods establishments ceased to
decline as early as the fourth quarter of 1953. For the year
1954, sales of all nondurable-goods stores exceeded those of
1953 by 2 percent.
The principal groups among the nondurables contributing
to the advance during 1954 were gasoline service stations,
food stores, and general merchandise stores. During the
past half year, other nondurable groups have also shared in
the increase in activity.
The general merchandise group, and more particularly
department stores, which carry a wide variety of durable as
well as nondurable commodities, followed the general sales
pattern.
The recovery in department store sales has been widespread
geographically. All Federal Reserve districts have participated in the sales rise, although in varying degrees. Those
districts previously showing the greatest decreases have
tended to score the largest advances in the recent period.
Sales of durable-goods stores accounted for most of the
1953-54 retail trade decline; their 1954 sales were about 4
percent below the 1953 total. Recovery began later than
in the nondurables, but since last October the rise in durablegoods store sales has accounted for most of the retail trade
expansion. Sales by the automotive group were exceptionally dynamic in both the decline in late 1953 and the rebound
since last fall. Because of the timing of the model changes,
which came earlier than in 1953, sales for a time after mid1954 declined much more rapidly than in the previous year.
Most model changes were completed early in November;
thereafter, production and sales of cars accelerated rapidly,
with the rate still rising during the first quarter of 1955.
Sales of consumer durables other than autos, such as
furniture, electrical appliances, building materials, and hardware store sales are also participating in the upward trend.
Accompanying the advance in consumption, and particularly automobile sales, has been the more liberal use of
credit by consumers. Total consumer short- and intermediate-credit outstanding at the end of February, $29.5
billion, was larger than for any previous February, and 5
percent larger than in the corresponding 1954 period.
As retail sales declined in late 1953, trade stocks also
tended somewhat lower. Liquidation in 1954 was limited
primarily to durable-goods stores, especially to motor
vehicles. Holdings of cars were cut to an unusually low
amount by the time 1955 models were introduced. Since
then, with most merchants following conservative buying
policies, the building up of dealers' stocks of new model automobiles has been the major factor accounting for the nominal
expansion of aggregate trade inventories at the end of
February above 1954 lows.
Revival in Production
The gist of the foregoing is that the rising consumer demand—broadly interpreted to include residential construction—was a basic force in the industrial revival. The upturn
anticipated in plant and equipment outlays followed after
improved consumer sales; defense goods output is still tapering off although at a diminishing rate.
Upturn in new orders and shipments
New orders received by manufacturers reached a low rate
in January last year, and did not exceed sales until late
summer. During the spring and early summer, moderately
rising civilian-goods orders had been largely offset by declining defense orders. In the autumn, however, the rise in
civilian-goods business, plus the tapering of inventory liquidation, led to higher-rates of output.
The flow of new orders in the opening months of this year
has been about one-fourth above that of the corresponding
1954 period.
Acceleration in activity has centered in the durable-goods
sector. New orders placed with this group in the first 2
months of this year totaled half again as much as a year ago
and shipments had recovered to within 8 percent of their
SURVEY OF CURRENT BUSINESS
1953 high. Progress among the industries in the group,
however, was uneven. In the forefront of the advance were
transportation equipment makers. Sales of both motor
vehicle and aircraft producers have exceeded previous highs.
Thus far chemicals is the only other major manufacturing
industry to better former sales highs.
The largest relative improvement from last year's low
point occurred in primary metals, particularly iron and steel.
For this group the moderate rise in orders starting in the
early spring of 1954 was accelerated after August. Shipments
have not, however, recovered as much of the decline from the
1953 high as those of other durable-goods industries. In the
machinery industries recovery occurred later and proceeded
more slowly than in other heavy goods areas.
The role of nondurable-goods industries in the recovery
period has been less dramatic than that of the durables.
The former industries as a group had previously experienced
relatively little decline; their 1954 annual sales exceeded, in
fact, the 1953 aggregates. In the first 2 months of 1955,
average monthly sales of nondurable-goods manufacturers
are appreciably closer to the maximum monthly figures for
any previous year than is the case for total durables. The
advance was paced by chemical concerns, especially industrial chemicals, and petroleum companies. Textile and
apparel deliveries, however, are still considerably below their
1953 highs.
April 195?
of March book values of factory inventories, seasonally
adjusted, were unchanged from September.
During this period, there has been a moderate inventory
expansion in the durable-goods sector, initiated largely by
automobile producers. Durable-goods manufacturers' stocks
are still, however, $2.5 billion under the September 1953 high,
Moderate liquidation has continued in nondurable goods.
Manufacturers' stocks of raw materials and finished goods
have been declining while the value of goods in process has
increased with the advance in production rates.
Company Participation
Special tabulations indicate that there was broad participation in the upturn in sales and new orders by manufacturing firms in all industries and size groups. However,
full recovery from the early 1953 peak has not yet been
achieved in durable-goods manufacturing activity.
Thus, while 70 percent of the number of durable-goods
producers reporting monthly to the Office of Business
Economics experienced sales declines from early 1953 to
early 1954, only 55 percent have since shown sales gains.
The corresponding figures for nondurable-goods companies
were more uniform at 60 and 65 percent, respectively. These
data, which are shown in table 1, point up the dispersion in
the sales experiences of individual concerns; in both downturn and recovery, sales of almost two-fifths of all reporting
manufacturing firms moved contrary to the overall trend.
The tabulations also show differences by industries.
Larger percentages of primary metals, motor vehicles, and
lumber firms experienced sales gains in the recent period
than was true for durable-goods firms as a whole. Also,
the number of concerns with sales reductions during the
downturn was relatively larger than average in both the
motor vehicle and primary metals sectors. In the nondurable-goods area in the most recent period, higher-thanaverage proportions of companies in the chemicals and paper
industries reported increased sales.
In evaluating the data in table 1 which are based on
numbers of firms, it should be noted that the distributions
are weighted heavily by the experience of the more numerous
smaller concerns. Firms with assets of more than $50
million account for about one-tenth of all firms in the
Backlogs stabilize
For most major industry groups the decline of unfilled
orders ended last fall. The subsequent expansion in backlogs
has been moderate but contrasts with the substantial decline
of the previous 2 years. Backlogs at the beginning of March
represented 3.7 months of sales for the durable-goods group
as compared with 7 months in the third quarter of 1952 and
2.7 months in the first quarter of 1950. The recent unfilled
orders rise has been chiefly in the primary metals industry.
The September upturn in unfilled orders was followed by a
cessation of the inventory liquidation in progress at the
manufacturers' level throughout the previous year. Since
that time, inventory holdings have been stable as the expansion in the rate of manufacturers' total deliveries approximately kept pace with the rise in output. At the beginning
Table 1.—Manufacturing Concerns: Distribution According to Percentage Changes in Sales and Orders, During January and February
1953, 1954 and 1955 1
[Percent of companies]
Nondurable-goods
industries
Durable-goods industries
Percent change In
sales and orders
New Orders
Sales
Total
Large
firms 2
Other
firms 3
Large
firms 2
Total
Unfilled orders
Other
firms3
Total
Large
firms2
All manufacturing
industries
Sales
Other
firms3
Total
Large
firms 2
Other
firms 3
Total
Large
firms 2
Other
firms3
January-February 1953
to January-February 1954
Increase:
10 percent or more
Less than 10 percent.—,
Decrease:
Less than 10 percent
10 percent or more
18
14
17
13
18
14
18
9
17
8
18
9
12
7
8
11
12
7
17
23
17
31
17
22
18
18
17
21
18
17
17
51
16
54
17
51
12
61
8
67
13
60
8
73
6
75
8
73
26
34
29
23
25
36
20
44
22
40
20
45
41
15
48
21
40
14
63
11
80
6
61
12
29
9
32
13
29
9
38
27
39
38
38
25
40
20
44
29
39
19
15
29
10
21
16
30
7
19
2
12
8
19
10
52 I
15
40
9
53
20
15
17
6
20
17
17
23
13
14
18
24
January-February 1954
to January-February 1955
Increase:
10 percent or more
Less than 10 percent
Decrease:
Less than 10 percent
10 percent or more.--.
1
_. -_
1. Based on "constant" samples of manufacturers reporting to the Office of Business Econnomics; samples consisted of 1362 durable and non-durable goods companies reporting sales,
513 durable goods companies reporting new orders, and 493 durable goods companies reporting
unfilled orders.
2. Firms with assets of $50 million or more.
3. Firms with assets of less than $50 million.
Source: U. S. Department of Commerce, Office of Business Economics.
April 195.")
SURVEY OF CURRENT BUSINESS
tabulation. Recovery has been more general among- very
large durable-goods manufacturers (those with assets of over
$50 million) than among other companies. About the same
proportions—70 percent—of both these large and other concerns had undergone sales reductions from early 1953 to
early 1954. Since then about the same percentage of large
companies report improved sales, while sales gains have
occurred among somewhat more than half of the other firms.
The aggregate sales data for durable-goods producers show
a similar picture. Total sales of companies with less than
$50 million of assets fell somewhat more than the overall
average from early 1953 to earty 1954, while sales of these
companies have subsequently shown little change. Thus
the recent upturn in the durable-goods industries has been a
reflection of the substantially increased shipments of companies with more than $50 million of assets.
Among nondurable industries, a substantial preponderance
of both the large and other companies have experienced sales
gains over the past year, although in this sector, too, recovery
has been more general among over $50 million firms.
Table 2 presents data with each firm classified according to
its relative changes in sales both from early 1953 to early
1954 and from 1954 to 1955. As can be seen in this table,
about two thirds of the manufacturing concerns underwent
a sales decline during the earlier period; two-thirds of these
companies now report sales gains over a year ago. Almost
one-fourth of all the firms were in the group reporting declines of more than 10 percent followed by increases of more
than 10 percent.
In all, more than two-fifths of the firms reported sales
declines of some size followed by an increase. However,
sales of almost 1 compan}^ out of 4 declined in both periods
while almost 1 out of 5 showed successive gains. As many
as 1 out of 6 reversed the preponderant pattern, experiencing
sales increases followed by sales declines.
New orders rise widespread
A more sensitive measure of the pervasiveness of the
recovery at this stage of the upturn is afforded for the durable
goods industries by the flow" of new orders. Here the study
finds that just under three-fourths of all durable-goods
producers received a larger value of orders during January
and February of this year than in the same months of 1954;
new orders or more than one-half of the durable-goods
companies exceeded the year-ago rate by more than a fifth.
These proportions are almost exactly the same as those for
durable-goods companies experiencing a reduced flow of new
business between early 1953 and 1954. This is in line with
aggregate sales figures for all durable-goods producers: the
monthly average of new orders was about $12.5 billion in
the opening two months of both 1953 and 1955.
The broad recovery in new orders received by durablegoods manufacturers is also found in the tabulations by
industries and by size of firm. Within industries, the
proportion of companies currently experiencing an increase
in new orders from early 1954 rates ranged from 2 out of 3
in lumber and furniture to 4 out of 5 in primary metals,
electrical machinery, motor vehicles and stone, clay and
glass. Well over one-half of the companies in every major
durable-goods industr}^ reported an increase of more than
10 percent in new orders from the first two months of 1954
to the opening two months of this year.
Participation in the recent upturn hi the flow of new orders
was also widespread among all sizes of firms. In this respect
there was less divergence between the large assets-size and
other groups—although the differential still favored the
larger firms.
The tabulations for the more recent period find that
almost three-fourths of the firms with assets under $50
million experienced increases in new business; the proportion
for the larger companies was 85 percent. The corresponding
figures for firms with increases in orders of more than 10
percent from a year ago were three-fifths and four-fifths,
respectively. During the 1953-54 period about threefourths of the concerns in each group had undergone
reductions in new orders.
Given the decline in total durable-goods backlogs from
almost $54 billion in January 1954 to $45 billion this January,
it is not surprising to find that the majority of hard-goods
producers report a reduced volume of unfilled orders on
their books. However, almost 2 out of every 5 companies
have increased their orders backlogs during this period; the
proportion was about 45 percent for manufacturers with
assets of more than $50 million.
Table 2.—Manufacturing Companies Classified According to Percentage Changes in January—February Sales, 1953-54 and 1954-55l
January-February 1954 to January--February 1955
Percent of firms
having increases in
sales of—-
January- February 1953 to
January-February 1954
Percent of firms
having decreases in
sales of —
411 firms
More than Less than Less than More than
10 percent 10 percent 10 percent 10 percent
Percent of firms having increases in sales of:
More than 10 percent--
5
3
3
7
18
Less than 10 percent-
5
5
4
3
18
7
5
4
5
20
23
7
7
8
45
24
100
Percent of firms having dedecreases in sales of:
Less than 10 percent
More than 10 percent-.
AH
firms
.
39
19
18
1. Based on a "constant" sample of manufacturers reporting sales to the Office of Business
Economics.
Source: U. S. Department of Commerce, Ollice of Business Economics.
Backlog increases of more than 10 percent from early 1954
are now reported by more than one-fourth of the companies
in all but 2 of the major durable-goods industries. One-half
of the companies producing furniture arid stone, clay and
glass products have experienced such increases.
Broader recovery likely
To sum up, examination of the dispersion in the recent
sales and orders experience of individual companies finds
that the upturn in manufacturing has now spread to a large
majority of the companies in all durable- and nondurablegoods industries.
In the durable-goods sector, however, sales are not fully
back to their 1953 rates though the largest firms have
reached that pace. The fact that three-fourths of the concerns with assets under $50 million—and an even greaterratio of larger firms—have received higher rates of new orders
than a year ago, presages the likelihood of a broadening of
the recovery in the near-term.
Industrial Impact of Expansion
Industrial production in March was at a rate about as high
as the 1953 annual average and only a little below the peak
rate of the second quarter of that year. The Federal Reserve seasonally adjusted production index averaged 133
SURVEY OF CURRENT BUSINESS
6
(1947-49 — 100) in the January-March 1955 period, a rise of
8 percent from the third quarter of 1954.
All of the increase in output was in civilian type goods as
defense production continued to taper off throughout this
period. Furthermore, the bulk of the expansion in production has consisted of materials or products destined chiefly
for consumer rather than producer use. Nevertheless, participation by manufacturing and mining industries has been
increasingly widespread. The extent of the contraction and
subsequent recovery in the output of three board groups as
measured by the Federal Reserve seasonally adjusted index
of industrial production is shown by the following indexes
(1947-49 average—100):
Industrial
production,
total
1953—2d qtr_
1954—3d qtr_
1955—1st qtr_
1955—March.
136
123
133
135
Manufacturers
Durable Nondurable
155
135
148
150
122
114
121
122
April 195c
supply of natural and synthetic rubber and about one-third
of the output of ra}^on and nylon fibers.
Steel output nears peak
Ingot production has risen steadily from a weekly average
of around 1.5 million tons in July-August to nearly 2.3
million in the closing weeks of March. March production
Output of Motor Vehicles and
Supplying Industries
The rise in motor vehicle production
Minerals
1,200
117
110
122
123
Automobiles and primary metals industries, with approximately 12 percent of the weight in the Federal Reserve index,
accounted for roughly one-half of the rise in total industrial
output since the third quarter 1954 and for virtually all of
the rise in the durable-goods group. But, as noted in previous sections, many industries producing consumer goods other
than autos had begun to show strength earlier and helped to
sustain overall production during the period when the output
of automobiles, defense goods and producers' equipment was
declining.
TRUCKS AND
BUSSES
g 800
^c
<o
:s
o
S
400
j///,
<?/J^/^,m^/^/<M/^^
• "/•^PASSENGER CARS^O|f«
Mfa,, ''/'•w"'''W>"v'&',, ''//'/,/jmm
%$&*'i*Xrt\./t*'&jmm
has stimulated output in these durable
goods industries ....
250
High automobile output
With the benefit of extensive overtime work in many factories, assemblies of passenger cars and trucks rose from a
conversion period low of 57,000 in the third week of October
to over 200,000 in the closing weeks of March. Total March
assemblies of 900,000 topped the production performance
in June 1950, the previous peak, by more than 40,000 units.
Most of the increase in output has centered in plants producing passenger cars, though truck production has in recent
weeks turned sharply upward. Projected passenger car production schedules call for a continuation of the current high
rate in the present quarter. Assemblies of trucks in the past
4 weeks have averaged 27,000 units per week, the highest in
nearly 2 years.
Output of motor vehicles from November through March
aggregated 3.7 million units consisting of close to 3.3 million
passenger cars and 450 thousand trucks. This was only 4
percent below the highest 5-month period in 1950 when truck
production was considerably higher.
TOTAL
,/
§ 200
'50
I
y ^f\i
100
PR/MARY METALS
50
and in these nondurables
200
150
Supplying industries expand
The stimulus to supplying industries provided by the rise
in motor vehicle output is suggested by the chart. The indexes depicted are the unadjusted Federal Reserve production indexes except for automotive tires which represent
shipments of original equipment.
Normally, about 20 percent of the steel industry's output
of finished'steel products is channeled directly to producers
of motor vehicles, parts and accessories. Large quantities
of other metals—copper, lead, zinc, arid aluminum—are
also required, ranging from about 6 percent of aluminum to
more than two-fifths of the domestic supply of lead.
Various nonmetal industries are also major materials suppliers. For example, about one-half of the total number of
radios, and two-fifths of the rubber tires produced are currently being shipped directly to automobile assembly lines.
The tire industry, in turn, consumes about two-thirds of the
TIRES
(ORIGINAL EQUIPMENT]
50
i t
1953
1954
® O.B.E. E s t i m a t e s
U. S. DEPARTMENT OF COMMERCE, OFFICE Of BUSINESS ECONOMICS
I i 1
1955
D A T A : A.M.A., F. R.B., 8 O.B.E.
55-19-4
of slightly less than 10 million tons of steel ingots and castings
was nearly two-fifths higher than a year ago and has been
exceeded in only 2 previous months.
To meet its requirements, the auto industry has been
taking an increasing share of the supply of finished steel
products available for the domestic market. In the Decem-
April 1955
SURVEY OF CURRENT BUSINESS
ber-February period, deliveries from steel producers directly
to the automotive industry represented one-fourth of their
shipments, a share larger than in previous postwar years.
In addition to takings by the auto industry, a resurgence
of buying by other metal-consuming industries in more
recent months has become an additional factor of strength.
The appliances, industrial machinery, and electrical equipment industries began to step up their buying of steel in
the fourth quarter of 1954, and in January and February,
further increased their receipts by sizable amounts.
Tardy revival of producers9 goods
Industries engaged chiefly in making military products and
producers' equipment generally have felt recovery stimuli
later and in lesser degrees than those making consumer goods.
Table 3.—Output of Selected Products
[Without adjustment for seasonal variation]
Comparative movements
Table 3 shows production data for 45 products or productgroups for January and February of this year compared with
averages for the same 2 months of 1953 and 1954, periods
containing or bordering on the high and low rates of output
for those 2 years. These 45 items account for roughly onehalf of the total weight of the Federal Reserve production
index. For ready comparison, the individual products are
listed in descending order of output change from JanuaryFebruary 1953 to January-February 1954.
The low points for production of these products were spread
throughout 1954; in many cases the upturn began as early as
the second quarter. Divergences of contraction and recovery
among the various products cover a wide range. Output for
all but 5 of the products included in the table was higher
in January-February of this year than in the same period a
year ago. A striking feature is the fact that for a large
group of products there had been little or no decline in output from January-February 1953 to January-February 1954
while many new highs were attained in January-February
of this year.
Strong upturn in household durables
The production of major household durables has been rising
almost continuously since the first quarter of 1954 though the
rate of increase in the most recent months has tended to slow
down. In January and February seasonally adjusted output
of these goods averaged slightly above the fourth quarter
of 1954 and more than one-fifth above the reduced year-ago
volume. It was still 7 percent below the high rate of the
second quarter of 1953.
The major components of household durables participated
in the upturn in varying degrees. Radios and television sets
registered the largest advance in output from JanuaryFebruary 1954 to January-February 1955, more than 50
percent. Although the production of television receivers
in the January-March period has shown some decline,
partly seasonal, from the record rate of the last 4 months of
1954 when the number turned out averaged close to 900,000
sets per month, production of radios increased moderately
owing primarily to the sharp advance in the number produced for the automobile industry.
The recovery in output of major household appliances has
been substantial but uneven for individual lines. Output of
laundry appliances—washing machines, dryers, and ironers—reached new highs in January and February while
production of refrigeration appliances and electric ranges,
though up, was still substantially below earlier levels.
Among nondurable consumer goods, increases in output
from January-February 1954 to January-February 1955
occurred in most products. In shoes and tires and tubes
increases were sizeable. In apparel and household paper
products, newsprint consumption, and refined petroleum
products increases were moderate, and this was also true
for tobacco manufactures, the latter reversing the persistent fall which began 2 years ago. Food manufactures
remained typically stable while declining hosiery production was a notable exception to the general trend of recovery.
Product or product group
Unit
Monthly average
Percent change
JanuaryFebruary
JanuaryFebruary
1953 1954
1955
911
858 1,051
391
288
338
110
119
118
92
75
77
1, 020 1, 040 1, 134
\ircraft, civilian airframe
Thous Ibs
Douglas fir plywood
Mil bd. ft
Glass containers ....
- - - 1947-49 = 100-Oak flooring
Mil bd. ft
Paper, including building board _ Thous. sh. tons
1953 to 1954 to
1954 1955
22
17
7
3
2
-13
16
1
19
9
Woodpulp . . _
Cans, metal
Food manufactures
Petroleum refining
_
Stone and earth minerals
1947-49=100
Thous. sh. tons . .
1947-49=100
1947-49 = 100 _ _
1947-49 = 100
141
201
100
135
111
143
263
100
135
111
162
271
101
143
113
1
1
0
0
0
13
3
1
6
2
Newsprint consumption
Synthetic fibers, except rayon
Brick
Basic inorganic chemicals
Plastics materials
1947-49=100
Mil. Ibs
1947-49 — 100
1947-49 = 100
194 7-49-] 00
111
25
87
151
184
111
25
86
149
180
117
32
104
178
212
-1
-1
0
0
5
28
22
19
18
Lumber
Paperboard
Clay firebrick, pipe, and tile - - _
Crude petroleum
Cement
-
Mil bd ft
1947-49=100
1947-49 = 100 ._
1947-49 = 100
1947-49 = 100
2, 838 2,773 2,814
141
133
130
_ _ 113
115
110
126
121
130
121
112
107
-2
2
Thous
1947-49 = 100
- - 1947-49 = 100 .- 1947-49 = 100
1947-49 = 100
1,734 1,640 1,744
132
140
147
114
111
118
124
116
115
109
100
108
-5
-6
-6
-7
-8
6
11
3
Barrels and drums, heavy
Flat and other glass
Apparel and alied products
Hosiery
. _ _ - _. .
Cotton consumption
-2
-4
-4
2
8
5
7
13
8
Coated abrasive paper and cloth..
Metal mining
_ ... _ _
Coal
Shoos and slippers
Tobacco manufactures
Thous. reams
1947-49=100 _.
1947-49 = 100
Mil prs
1947-49-100
180
83
79
49
103
-8
-10
-10
-10
-12
10
11
11
14
6
Wood containers
Asphalt roofing, total
Major appliances
Household furniture
Heating apparatus
1947-49-100
101
89
88
Thous. squares. _ - - 3,123 2, 705 3, 227
142
1947-49=100
139
118
124
104
1947-49=100
113
74
96
1947-49=100
89
-12
-13
=11
-17
li19
86
105
86
104
132
128
186
185
150
5,933 4,697 4,775
109
78
88
-18
-19
-19
-21
-28
0
27
24
2
13
Home glassware and pottery
Tires and tubes
Synthetic rubber _ _
Truck trailers
Farm machinery
Railroad equipment
Wool consumption, carpet _ - _
Industrial electric trucks and
tractors.
Wool consumption, apparel
Radios and television sets
1947-49-100
1947-49=100
1947-49
= 100
\T umber
! 1947-49=100
_.
178
83
79
48
110
163
75
71
43
97
9
30
1947-49 = 100
Mil. Ibs
Number
81
13
742
57
9
495
34
10
351
-30
-31
-33
-40
11
-29
Mil. Ibs
1947-49=100
32
291
19
172
22
266
-41
-41
16
55
NOTE.—February 1955 data in some cases estimated by U. S. Department of Commerce'
Office of Business Economics.
Sources: Paper, aircraft, metal cans, shoes, barrels, asphalt, trailers, and wool, U. S. Department of Commerce, Bureau of the Census; lumber, National Lumber Manufacturers
Association; plywood, Douglas Fir Plywood Association; flooring, National Oak Flooring
Manufacturers Association; synthetic fibers, Textile Economics Bureau, Inc.; paper cloth.
Coated Abrasives Association; industrial trucks, Industrial Truck Association; all others,
Board of Governors of the Federal Reserve System.
There were some exceptions such as electronic computing
machines, paper and printing machinery and food and dairy
equipment. Most types of industrial and commercial
machinery, machine tools and presses, and electrical apparatus experienced their first noticeable pickup in demand in
December. Particularly significant was the upsurge in
orders received by machine tool builders beginning in December and subsequently increasing in volume. Notwithstanding the recent recovery, current rates of activity in most
producer-goods industries compare less favorably with
earlier highs than is the case of other industrial groups.
by E. S. Kerber
Foreign Grants and Credits in 1954
VTRANT and credit programs of the United States Government furnished foreign countries with $4.7 billion in
1954, a decline of over a fourth from the preceding year's
total of $6.4 billion. The decrease was distributed proportionately between military supplies and services and other
types with military assistance comprising about two-thirds
of the total in both years. The figures represent net deliveries (of goods or services) and cash payments by United
States Government agencies.
The $4.7-billion net grant and credit assistance in 1954
brought the total of net transfers abroad by the United
States Government since V-J Day to $49 billion, not counting our investment of $3.4 billion" in the International Bank
for Reconstruction and Development and the International
Monetary Fund.
Gross shipments and cash disbursements from July
through December 1954 were at an annual rate of $4.8 billion, a rate exceeding the new authorizations for the current
fiscal year provided by the Congress. The backlog of foreign
assistance appropriated but yet to be delivered, .which
had stood at $15.9 billion after the new authorizations
for the current fiscal year were enacted, was lowered
correspondingly.
Grants of military supplies and services, including the
contribution to the multilateral construction program of the
North Atlantic Treaty Organization, have declined since the
first half of 1953 and amounted to $3.2 billion in 1954. This
declining trend was temporarily reversed in the June 1954
quarter when increased shipments to Indochina brought
military assistance to over $1 billion. Following the cessation of hostilities in Southeast Asia in July the declining
trend was resumed and military assistance transfers in the
final quarter of 1954 were less than half the rate of the first
half of 1953. Nevertheless, 1954 deliveries were greater
than in any postwar year except 1953.
Net transfers of other grants and credits were at a postwar annual low of less t h a n $1% billion in 1954, despite an
upturn in the final quarter. These "nonmilitary" grants
and credits encompass all relief, development, and technical
cooperation assistance, including all cash transfers to foreign
governments except the contributions to the multilateral
construction program of the North Atlantic Treaty Organization. The last are included in the "military" Category
along with military "hardware" and o t h e r end-items, and
military training and similar services. On the other hand,
the "nonmilitary" grants reported for 1954 include cash payments of direct forces support to France ( f o r French and
Associated States of Indochina costs of forces in Indochina)
and to the United Kingdom (for support of production for
military forces).
Short-term credits
The net grant and credit data reported here do not include
the transactions in short-term foreign assets of the United
States Government which consist mainly of purchases or
collections of foreign currencies or receivables and their
NOTE.—MR. K E R B E R IS A M E M B E R OF THE B A L A N C E OF P A Y M E N T S
DIVISION, OFFICE OF BUSINESS ECONOMICS. THE SECTION ON DEBTSERVICE PROJECTIONS WAS PREPARED BY MR. ZALIE V. W A R N E R .
disposition. Large movements in these accounts can supple
ment or offset the net grants and credits otherwise disburse*
by the Government in aid to foreign countries.
After remaining relatively stable in the aggregate asse
total, and in the inflow and outflow of funds, for severa
years, this stability was altered by two different types o
operations in 1954.
First, under legislative changes effective in 1953 in thi
procedure for acquiring and using foreign currency funds
larger shares of ordinary foreign expenditures were made bi
drawing on the accumulated funds. Counterpart fund hold
ings of the Foreign Operations Administration were decreased by more than $40 million, principally in the Europeai
Net Grants and Credits
Excluding military supplies and services
B I L L I O N S OF D O L L A R S
2 H
1950
195!
1952
1953
1954
fext onct table
O r Pt'SINESJ H'OWvU?
area, either by transfer to the Treasury Department or by
disbursement for grants or credits. Despite receipt of large
transfers from FOA, the Treasury Department, as the principal holder of balances other than those required as current
working funds, was able to decrease its holdings by $65 million
in 1954 through sales to oilier Government agencies for
current use. In particular, large decreases were made in the
holdings of the currencies of the United Kingdom, France.
Germany, Italy, and the Netherlands.
On the other hand, and exceeding the use of foreign currencies accumulated under previous aid programs, the Government accepted $245 million in such currencies and receivables from the sale of agricultural commodities abroad.
These and other foreign currency collections of the Government during the year aggregated the equivalent of nearly
$400 million, of which $300 million worth were utilized in
the course of the Government's overseas operations. The
net increase of short-term assets of the United States Gov-
April 1955
SURVEY OF CURRENT BUSINESS
eminent, or net outflow of capital, thus approached $100
million in 1954.
Farm products sales
The agricultural commodities were sold for foreign currencies under authority of section 550 of the Mutual Security
Act of 1951, under section 402 of the Mutual Security Act of
1954, and under the charter of the Commodity Credit Corporation. Although most of the proceeds are to be used to
provide grants and credits to foreign countries, the amounts
are not incorporated in the grant and credit totals presented
in this article until the foreign currencies are expended.
From the foreign currency proceeds of agricultural commodity sales totaling $253 million in the last quarter of 1953 and
in 1954, about $38 million was used to provide grants under
the mutual security program and $7 million for military
construction in Spain. Table 1 shows the rate of accumulation and the geographic distribution of the remaining $207
million the United States Government temporarily advanced
by accepting such currencies as payment for agricultural
commodities.
Such short-term credit outflows by the United States
Government are likely to continue this and next year. The
Agricultural Trade Development and Assistance Act of 1954
created a new 3-year program to expand further the export
of surplus agricultural commodities on a foreign currency
sale basis. Some part of this foreign currency will be used in
efforts to increase consumption of agricultural products
abroad, and to finance other United States Government
activities such as the import of strategic materials and the
construction of housing for United States military personnel
abroad. A significant part will be used to provide additional
credits to foreign countries. Until the foreign currency proceeds are used, the outflow of United States Government
short-term capital will continue at a significant rate and thus
supplement other foreign assistance.
As can be seen in table 1, the United States Government
short-term capital outflow in 1954 from the special sale of
farm products was concentrated in Western Europe and in
Japan. In magnitude, it about balanced the past year's
decline in United States Government assistance (exclusive of
military supplies and services) to these countries which comprise most of the "economically developed" or industrialized
countries of the world.
Western European assistance off
Omitting the outflow of short-term funds, Government
"nonmilitary" assistance to the relatively industrialized
countries declined rapidly during the past six years, as the
accompanying chart shows. In contrast, the rest of the world
received on balance relatively constant annual transfers
under grant and credit programs through 1954. The trends
for 1953 and 1054 are detailed in table 2 for all major countries, regrouped into the applicable areas established by the
Mutual Security Act of 1954.
Last year's decline in United States assistance to Europe
was marked in military grants also. The decrease of $1.1
billion in worldwide military transfers was concentrated in
Western Europe (excluding Greece and Turkey), while the
value of military deliveries to other areas was unchanged from
1953. Western Europe still received nearly two-thirds of the
total net military assistance last year.
Ordnance transfers large
Transfers of ordnance equipment and stores, although reduced one-third from 1953 to 1954 continued to represent the
largest category—60 percent—of the military end-items de337339°
9
livered abroad in 1954 under the mutual security military
program.
Shipments of aircraft and spares and equipment—cumulatively the second largest category of mutual security military assistance—decreased by one-half in 1954 to about a
third of a billion dollars. About 1,100 planes were delivered
to foreign nations in 1954, compared with 2,400 in the preceding year.
Transfers of naval craft under the mutual security program
were two-thirds greater than in 1953 and there was a corresponding increase in the value of the ships and other vessel
equipment. The vessels transferred in 1954 represented, for
the most part, new expenditures of appropriated funds. In
prior periods about half of the vessels transferred represented
Table 1.—Change in United States Government short-term assets
abroad acquired through the sale of agricultural commodities
[Millions of dollars]
1954
1953
Total
Western Europe _
Finland
France
Germany
Italy.
Netherlands
Norway
Spain
United Kingdom
Yugoslavia _
Near East, Africa, and
South Asia
Afghanistan
Greece
Israel
Turkey
Other Asia_
China (Formosa)
Japan
Korea
American Republics:
Bolivia
Total
199.5
8.0 127.4
4. 0
14 9
11. 3
17. 8
4 0
2. 3
27. 6
1
8.0
-2. 4
47. 9
8.0
JanuaryMarch
20.8
20.8
2. 0
AprilJune
July- OctoberSeptember December
97.1
68.7
3. 1
6 7
7. 6
3. 5
3. 1
.3
27. 5
62.2
31.5
.8
7 5
1. 1
12. 9
.9
1. 7
1. 3
1.6
.4
.7
.7
5.9
1
.8
3 5
1. 5
30.0
6.8
1. 1
.7
5 0
15. 6 !-4. 5 !-4. 5
21. 4
3. 3
9. 8
8.2
1. 2
.8
4 7
1. 5
63.6
10. 2
48. 4
5 0
I. 2
26.8
4. 6
22. 2
.3
4. 5
25. 5
19.3
6.3
7
5
1. 4
.3
1. 2
—& 9
13. 4
1
—
1
.3
1. Use of foreign currency exceeds new accruals.
Source: U. S. Department of Commerce, Office of Business Economics.
charges against the legislative limitations on the use of excess
stocks. Many of the vessels transferred from excess stocks
as mutual security grants from 1951 through 1953 had already been in the custody of the foreign governments under
the lend-lease program and were simultaneously returned to
the United States Government, as required by the lend-lease
law, and re transferred. The net military grants shown in
table 2 are adjusted so as to eliminate the effect of these lendlease and mutual security program transfers.
Other military grants in 1954 included the transfers of
vessels to Turkey ($21 million), Italy ($11 million), and
China ($9 million) outside of the mutual security program.
This was considerably less than similar transfers in 1953
which had been valued at $174 million. These were made
under specific authorization acts of the Eighty-second and
Eighty-third Congresses which allowed the transfers with
expectations of return of the vessel at some future time.
Joint construction contributions
The military assistance to Europe shown for last year in
table 2 includes $69 million the United States Government
SURVEY OF CUERENT BUSINESS
10
April 1955
Table 2.—Summary of United States Government Foreign Grants and Credits, by Major Country: 1953 and 1954
[Millions of dollars]
195 t
Major country
1953
Total
Net grants and credits
_ _ _ _ . _.
Net grants
Gross new grants .._ _ __
Less: Prior grants converted into
credits
__.
Less: Reserve grants and returns. __
Net credits
New credits
Plus: Prior grants co verted into
credits
___
Less : Principal collections
6,405 4,669
5,173 4,785
6,339 i 4,855
1
Janu- April- JulyarySepMarch June tember
October-December
Major country
1,176
1,240
1,261
1,341
1,362
1, 385
1,047
1,097
1,115
1,105
1,086
1, 094
21
63
24
21
18
51
8
19
OTHER GRANTS AND CREDITS—
Continue d
Eastern Europe:
Net grants and credits
Net grants
_ - _
_ _i _
Net credits
Near East (including Greece and Turkey)
and Africa:
Net grants and credits
1,000 i
166 ;
1 233
70
116
84
72
144
150
105
123
125
840
1,018
1,018
1
715
630
387
87
479
503
4, 342
4, 405
63
3, 202
3,210
8
712
1,000
1954
!
MILITARY GRANTS
Net grants l - ...
._
_
Gross grants.. _
.
.
Less: Reverse grants and returns _
Western Europe (excluding Greece and
Turkey) :
Net grants *
Near East (including Greece and Turkey),
Net grants
Net grants _ _ _ _
American Republics:
Net grants
Unspecified:
i> ei gidiiib_
_
__ .
OTHER GRANTS AND CREDITS
Net grants and credits
Net grants
VjTOab nt VV gidJllS
2,028
593
565
457
413
331
345
79
135
69
63
768
765
152
301
176
136
35
45
11
9
13
30
19
5
12
5
4
5
credits
1 000
103
Less: Reverse grants and returns.. _
9
1 33
New credits
CIcUlli^
"~
1,467
1,583
1 645
337
400
418
323
344
367
18
63
62
116
22
21
332
383
398
475
456
461
5
19
15
—51
84
72
144
1 ^n
-inc
1 93
1 9^
1 008
-146
1,000
668
887
144
247
-219
-103
131
171
-40
169
228
-59
223
241
-17
36
36
(3)
3
5
-8
14
16
—1
7
3
-10
4
3
1
4
4
4
4
2
4
2
7
8
2
-1
1 000
ll
633
3
717
2
3,178
2,064
831
1 934
.. .
842
3
387
87
eno
Western Europe (excluding Greece and
862
•Net grants an crea s
Net new credits
Prior qr ants converted into credits-..
Austria:
i\ei grants ana credits
_ _
_ __
Net credits
Netgra is ana c
is
—
Net credits
Net grants and credits
Not credits.
r priits r\ti
_
______
Net grants and credits.- ._ _ _ . _ _
Net grants
^
rsl
(111.,
Net Grants and credits
Net new credits
Net grants and credits
Npt P •^ditc;
Npth ]• d •*•
Net grants and credits
Net grants
Net credits
()
()
(3)
(3)
2
1
(4}
1
261
300
39
252
446
1Q5
— 101
49
85
—36
112
154
42
35
71
—36
63
71
—8
34
35
—1
7
13
-6
12
12
-1
-12
89
2
(4)
(3)
4
()
(3)
2
-5
4
(3}
103
118
— 15
11
11
(4)
108
135
27
82
92
10
44
42
2
19
21
—2
1
8
10
21
-2
14
8
9
-1
2
—2
-6
1
-4
2
—6
6
7
4
5
-2
—3
* 1
1
1
3
-1
3
6
4
3
11
19
21
3
Total
Net credits
Greece:
Net grants and creditsNet grants __
Israel:
Net grants and credits
Net grants
N e t credits
_ _ _ __
Turkey:
Net grants and credits
Net grants
_ _ ___
Net credits _ _
Other and unspecified Near East and
Africa: 5
Net grants and credits. _ ... _ _ _
Net grants
_ _ ._
Net credits
South Asia:
Net grants and credits
Net grants
Net credits
India:
Net grants
Pakistan:
N e t grants a n d credits. _ _ _ _ _ _
Net grants
Net credits
_ __
Other and unspecified South Asia:
Net grants and credits _ _
Net grants
__
Net credits
Other Asia and Pacific:
Net grants and credits
Net grants
_
Net credits __
_ China— Taiwan (Formosa):
Net grants and credits _
Net grants _ _
Net credits. _ _
__ _
Indochina (Cambodia, Laos, Vietnam):
Net grants
_
_ Indonesia:
Net grants and credits- _ _ _
Net grants __
Net credits
Japan and Ryukyu Islands:
Net grants arid credits. _ .
Net grants.. _ _
Net credits
_ _ _ _._ _
Korea: 5
Net grants
Philippines:
Net grants and credits
Net grants
...
Net credits
Other and unspecified Asia and Pacific:
Net grants and credits
.
Net grants _
Net credits
— I9
— 15
Net grants
Net credits
15
10
6
g
13
—5
Net grants
Net credits
21
1
19
16
12
5
—3
997
276
-48
111
151
-40
31
23
8
34
32
2
1
51
-50
98
97
1
44
45
—1
45
44
(3)
6
6
14
14
6
7
-1
18
18
11
9
1
6
4
2
5
4
1
64
5
59
International5 organizations and unspecified areas:
Net grants and credits.
_ Net grants.
Net credits
t
•
d
t°«' r\
d 't
fi'i
Net grants
Net credits
TV t
t
TV t
rl
__ • ri't
t
Net credits
Other and
unspecified Western Europe: 5
Net grants
Net credits,. _
-
48
48
()
4
86
23
63
(4)
(4)
-3
—4
(3)
9
2
1. Includes supplies, services, and contributions to the multilateral-construction program
of the North Atlantic Treaty Organization.
2. Because of the inclusion of dependencies in the grouping "Western Europe," data shown
for other groupings, particularly "Near East and Africa," are correspondingly understated.
3. Less than $500,000.
July- OctoJanuary- April- Sep- ber-DeMarch June tember cember
4
4
2
1
-1
2
8
-4
8
-4
3
-1
2
-1
1
-2
2
-1
265
280
80
79
51
243
22
258
23
73
7
5
5
66
73
45
50
10
11
23
Iran:
American Republics:
Net grants and credits .
— _
Net grants
Net credits
_
Brazil:
Net grants and credits
Net grants
_
Net credits
Mexico:
Net grants and credits
Net grants
_ Net credits
Other and unspecified American Republics:
Net grants and credits
Net grants
_
Net credits. _ _
TV t ' •
TV t
2
1
o
(3}
1 000
credits
Spain*
(3)
4
I
2
3
(4)
(4)
m
1953
70
1
3
9
24
5
o
'!
12
14
22
15
10
25
2
15
(4)
10
(4)
2;
/4\
17
52
65
49
45
4
59
57
2
40
44
—4
41
44
—3
10
11
—1
13
X
— 1f
6
7
—1
12
13
—1
58
28
31
70
41
29
16
8
8
16
10
6
18
9
9
19
13
6
132
120
12
42
40
2
7
6
10
9
1
11
11
()
37
28
4
7
9
8
91
82
8
10
10
2
2
2
2
1
1
6
6
4
3
2
2
(3)
4
3
()
1
1
3
()
(3)
1
1
1
1
3
(33)
()
14
14
3
()
1
1
(33)
()
64
77
389
386
4
345
293
52
31
83
52
87
72
14
-12
89
91
-3
79
79
-1
21
21
(4)
18
18
(4)
19
19
(4)
32
57
10
9
0
17
5
11
22
5
17
1
1
11
1
9
10
1
8
1
1
6
9
—3
44
4
40
35
1
35
11
1
11
-25
(3)
-25
22
2
20
204
126
12
36
47
30
24
26
—2
6
14
3
5
—1
4
—5
4
2
1
1
3
—2
18
18
()
10
8
3
1
2
-1
2
3
4
1
2
3
2
1
366
23
343
71
35
36
21
10
12
6
9
-3
25
10
15
19
6
13
326
3
323
30
2
27
18
3
15
4
(4)
8
2
4
()
(4)
112
93
18
(4)
34
8
1
-1
21
1
20
27
4
23
4
2
2
5
1
4
2
1
2
21
17
4
14
29
-15
9
7
2
2
8
-6
2 i
9 1
-7
45
43
2
57
62
-5
10
8
12
11
2
(3)
(4)
8
9
-9
2
21
21
(3)
(3)
1
:
1
1
16
16
2
5
-4
35
35
1
4. Negative entry of less than $500,000.
5. Includes aid furnished through international organizations.
NOTE.—For principles of valuation, sources, and methods see technical note in SURVEY,
October 1954, p. 20. Data for 1954 are preliminary.
Source: U. S. Department of Commerce, Office of Business Economics.
April 1955
SURVEY OF CURRENT BUSINESS
contributed to the multilateral construction program designed to provide supporting facilities
for NATO operations
(including Greece and Turkey).1 In 1953, the United
States payments were somewhat larger. The United States
has already disbursed one-third of the total contribution of
$780 million authorized by Congress in August 1954.
The United States contribution will constitute about 38
percent of the jointly financed construction program agreed
upon by all NATO countries, which totals nearly $2 billion.
11
French annual principal repayments comprised the $68 million on immediate postwar credits and $27 million on the
1952-53 cotton credit.
Sterling grants to United Kingdom
Net transfers of grants and credits (other than military
supplies) to the United Kingdom totaled $111 million, about
half of the amount disbursed during 1953. Payments of previously programed defense support grants dropped by more
than half after the first quarter of last year. Payments for
Offshore deliveries increase
direct forces support in sterling proceeds from agricultural
commodity sales began in the June quarter with $15 million,
The temporary increase in military deliveries in the
and were followed by disbursements of $10 million and $9
June quarter—and their subsequent decline—occurred in
million in the succeeding two quarters. Disbursements from
shipments from the United States, from Canada, and from
an $85-mii!ioii appropriation for fiscal year 1954 for financial
United States stocks abroad. Deliveries from the producassistance for the manufacturing of aircraft, began in Seption of other countries under offshore procurement contracts
tember 1954 with a payment of $5 million and continued with
were over 40 percent larger than in 1953. The "offshore"
deliveries were comparatively stable throughout 1954, con- $26 million in the last quarter of the year.
United Kingdom principal repayments on the $3%-billion
stituting one-fifth of the annual military transfers, or in
loan and on surplus property and war-account settlements
excess of half a billion dollars.
were unchanged in the last year. Loan disbursements for
About half of last year's deliveries were from France.
the development of resources in British overseas territories
That country had received about 40 percent of the total
increased.
$2% billion in offshore orders placed from 1952 through
Although the United Kingdom was a large purchaser of
1954. Almost half of the amount of contracts placed in
the surplus agricultural commodities sold for foreign currenFrance have been delivered. In the remaining countries
cies, disbursement of the sterling proceeds for the grants cited
about 27 percent of the contracts placed were delivered
above left only $6 million in balances at the end of 1954.
through 1954.
most of which was reserved for development assistance and
United States orders in France in 1952 and 1953 included
technical cooperation in the British African overseas terriabout $400 million under special programs designed to give
tories.
assistance to that country through procurement of military
end-items for use by French forces, including the troops in
Other Europe
Indochina. End-item deliveries under these special programs approximated $150 million in 1954. To a large
Compensating for the decline in transfers of mutual
extent these orders represented contracts previously placed
security
program nonmilitary grants to Yugoslavia, that
by the French Government, but assumed by the United
country received one-fifth of the surplus agricultural comSt ates Governmen t.
modities sold for foreign currencies in 1954. (See table 1).
These shipments considerably alleviated the difficulties in
Direct forces support payments
the Yugoslav balance of payments and foreign exchange
situation and also met the emergency created by three
Throughout 1954, France also received a large share of
short crops in the last five years in that country. A good
grants and credits other than those in the form of military
part of the $48 million in dinar which the United States
end-items. Although deliveries of general economic assistGovernment held at the year end will be spent for grants or
ance (defense support) under the mutual security program
credits in Yugoslavia in 1955.
decreased by half after the first quarter of 1954, payment of
Actual deliveries from the recent programs of assistance to
direct forces support funds more than compensated for this
Spain did not reach major proportions during the last year.
decline, maintaining the annual net grants and credits at a
Spain also purchased a large amount of food products from
quarter billion dollars. Direct forces support disbursements
the United States Government for pesetas, easing its balance
to Franco, aggregating $321 million for the year as a whole,
of
payments by $28 million (net) in 1954.
were provided from the $745 million made available by Congress and Presidential transfers to help defray French and
Coal and Steel Community loan
Associated States costs in Indochina in calendar year 1954.
Payments of $96 million in the first half were followed by
Late in 1954, the High Authority of the European Coal
$136 million in the September quarter and $89 million in the
and Steel Community drew $59 million from the $100final quarter. In the first quarter 1955, over $100 million
million credit established under the mutual security program.
more was disbursed for this purpose.
These drawings will bo used to construct- and modernize
France drew only nomiiially on loans in 1954, compared
power stations at pitheads, to develop other facilities for
with loans aggregating $129 million in 1953. Moreover, the
more efficient production of coal and coke, and to expand
large dollar receipts from United States grants and military
iron-ore mining. The loan is to be repaid over 22 years
expenditures made it possible for France to increase the
beginning in 1958, with interest at 3% percent starting this
already large repayments of loans to nearly $200 million in
year-.
1954. French repayments thus constituted 40 percent of
Elsewhere in Western Europe the general decrease in
the worldwide principal collections of half a billion dollars on
United States Government assistance continued throughout
the United States outstanding foreign credits. The French
1954 with few exceptions. Portugal was the only country
repayments included liquidation both of the 1952 Exportin Western Europe to receive more funds in the last year
Import Bank loan due in 1954 and of the 1953 loan which
($12 million, net) than in each of the preceding two years,
was not due for final repayment until June 1955. Other
as drawings were made on the loan to construct the railway
link northwest through Mozambique to Southern Rhodesia.
1 This item is treated in the balance-of-payments computations along with other military
Grants to Germany, although unchanged from the preconstruction expenditures as a purchase of services rather than a grant (see SURVEY. August
ceding year on an annual basis, were at a much lower rate
1954, p. 8).
'
SURVEY OF CURRENT BUSINESS
12
April 1955
after the March 1954 quarter, They represented economic
assistance for West Berlin and shipments of surplus food
products made available to American private voluntary
relief organizations for distribution abroad. The declining
rate of mutual security program economic assistance payments to Italy was partially offset in the December 1954
quarter by Government financed donations of agricultural
goods distributed by private American relief organizations,
year. The Japanese loans were all extended to finance t h e
purchase of cotton for processing by Japanese mills.
Japan was also the principal purchaser of United States
agricultural commodities under the program of sales for
foreign currencies, paying over $48 million in yen in 1954.
The Japanese currency will be used mostly to pay for offshore procurement contracts under the mutual security
military assistance program.
Japanese draw on cotton credits
Technical assistance expands
Japan led all other countries in the volume of new loan
disbursements in 1954. Over $80 million was disbursed by
commercial agent banks of the Export-Import Bank.
Although no United States Government funds were actually
expended, the Government assumes the risks of these credits.
During the year the Japanese repaid $39 million drawn
directly from the Export-Import Bank in the preceding
Economic and technical assistance grants to areas other
than Europe and Japan—mainly the economically underdeveloped areas—declined by $127 million on a net delivery
basis from 1953 to 1954. This decrease was not general,
but was concentrated in Pakistan and Korea.
Much of the decline reflected completion late in 1953 of a
$67-million program to supply wheat for relief after a severe
Table 3.—Summary of Indebtedness of Foreign Countries to the United States Government at December 31, 1954, and Projections of
Contractual Debt Service (Principal and Interest) for Calendar Years 1955-60
[Millions of dollars]
iebted>ss Denber 31,
1954 2
Program and major country '
Total.
Western Europe (excluding Greece and
Turkey) and dependent areas
Belgium—-Luxembourg
Denmark
i
F inland
j
Franco
[
Germ any
I
Ireland
Italy
i
Netherlands
!;
Norway
Portugal
!
Spain
United Kingdom
:
Yugoslavia
]
European Coal and Steel
Community.-;
Other Western Europe 6
!
Eastern Europe
j
Poland
U. S. S. R
Other Eastern Europe 6
j
i
\
Near East and Africa
Greece.
Israel
Turkey
Union of South Africa
Other Near East and Africa
i
6
South Asia
India
Other South Asia e.
Other Asia and Pacific
China
.
Indonesia
Japan
Philippines
Other Asia and Pacific 6
American Republics
Argentina
Bolivia
Brazil—.
Chile
C olom b ia
M exico
Other and6 unspecified American Republics
;
<
i
j
i
days or more '<>
Principal
11,780
54
9,107
154
49
i03
1,869
1, 193
128
290
309
102
50
65
4,643
54
59
37
308
68
222
18
13
464
77
123
94
92
78
j
Interest
Un projected debt
service on
principal 4
112
0
11
1
0
0
0
0
0
010
2
f)
2
12
0
0
Canada
15
United Nations
60
179
199
4
1
3
44
29
4
7
6
2
1
2
92
2
1
1
H
i
5
22 i;
8
67
2
19
i
012
0
11
0
2
0
2
3
11
56
2 :
51
12
4
10
4
21
1 ;
0
0
i
!
19
14
13
66 ;
0
0
0
0
7
()
0
!
0
198
279
4 i
7
1!
2
31
5
43 S
71
29 .
3 !
1
7
17
6 !
s 41
2
5
I
1
2 '
2
91 i! 5 123
2
3
2 i...
1
1
7
9
3
5
6
0
i
:
•
!
i
4
2
80 1
7 !
6 !
:1
0
'•1
0
:
4
6
1
1
i
;
i
i
0
0
'
2 •
!
1
i
i
1
i
!
251
388
196
4
1
3
42
30
3
7
6
2
1
2
90
2
2
212
7
2
5
72
18
1
17
10
4
1
3
66
3
2
i
7
2
5
12
3
8
31
4
12
3
9
3
191
4
1
3
40
30
3
6
6
2
1
1
89
2
2
224
185
6
3
2 i
1
5 !
3
73 j
38
30 !
29
1
=
3
17 !
5
10 (
6
41
2
1 i
1
3 i
1
65
88
4
1
2
2
224
6
2
5
75
31
2
11
10
4
1
3
67
4
2
1
12
3
8
1
1
7
1
5
1
!
i
!
•
i
11
2
4
2
2
1
31
4
12
3
9
2
i I
165 |
» 163
2
6
5
1
5 !
2 !
2
8
2
4 :
31
4
7 !
8
2
3
22
4
7 ;
10 i
2
10 i
10
396
1 ;
6!
5 i
2 !
229
12 i
3 1
8
1
22
4
7
407 \
7
2
5
12
2
4
2
3
1
9
2
4
PrinInPrincipal i terest i cipal
1
52 I
4
11
3 !
9
* 24 ;
i
i
241
1
1
! 0
j
!
!
;
1
i
i
:
1960
i
1959
Interest
13
2
4
2 1!
3
J
i
(0
i
0
;
i
i
j
i
9
2
3
2
2
1
6
5
1
5i
2 i
3 ;
6
5
1
7
2
3
22 i
4 1
7 |
1
10 :
Interest
219
181
3
1
2
37
28
3
5
6
3
1
1
86
1
2
1
6
1
5
0
:
!
i
i
'
32
4
13
3
9
!
8
1
3
2
2
2 ;
7 I
2 j
3
0
5
2
3
5
5
1
24 '
4 i
7
6
2
3
.._•_.
32
3
1
15
3
2
67
8
5
16
8
8
1958
34
4
2
4
19
5
i
11 0
11 i
> 649 ;
2
(7)
US i
0
!
!
|
j
!
i
!
1
i
'
1
17
8
5
1
1 i
58 :
3
i
1
10
;
13
2
4
2
4
1
100
1. Data shown in this table include in some instances loans and other credits extended to
private entities in the country specified; the projected repayments shown for Canada, for
example, represent the indebtedness of private entities in Canada. See also footnote 2 to
table 2.
2. Does not include indebtedness arising from World War I debts.
3. Does not include amounts reported charged off as uncollectible. Amounts reported for
interest are known to be understated;
in several instances collecting agencies have stopped
reporting accruals of interest wrhen credits have gone into default. Amount shown for interest
for U. S. S. R. does not include $7,809 thousand received by the Treasury Department and
held in suspense on its books.
179
7
2
5
70
i
!
;
22
4
o
3
8
5
5 !
1 !
29 i
\
1957
260
5
5
101
0
0
i
;
1
11 '
19
18
2
;
5 i
0
!
;
:
363 ;
2;
11
502
155
136
85
78
48
102
265
;
0
398
361
37
926
91
34
458
77
31
133
433
27 ,
3 :
0
1956
!
In- j Prin- ; In- ' Prin- ! InPrinterest i cipal 1 terest cipal terest ; cipal
Prin[ cipal
253
28
0
0
0
1955
i
I
1
|
59
i
!
1
5 :
1
5
18 i
4
108
11
3
57
8
4
16
3
9
3
10
3
2
1
!
1
27
3
1
12
3
!
112
11
3
60
8
2 I
0
|
3
2
1 0 !
!
i
23
2 i
1
10
2
1
4
i
i
•
j
105
10
2
57
8
3
14
3
0
!
!
i
1
13
i
0
i
20
2
1
8
2
1
3
111 !
10 I
3
58
5
2
14
16
2
1 I
6
2
1
2
9 I
3
19
2
0
'i
1 0
;
i
:
'
2
;
0
1
;
1
97 !
10
3
59
3
2
13 I
12
1
1
4
2
0
2
8 i
2
0
2
:
:
2
.
,.
4. Represents indebtedness outstanding December 31, 1954, for which no projections of
debt service were made primarily because repayment terms were indefinite or provided for
delivery of materials.
5. Includes silver lend-leased and returnable in kind by April 28, 1957, as follows: Total
$283 million, United Kingdom $63 million, Netherlands $32 million, Other Near East and
Africa $19 million, India $161 million, and Other Asia and Pacific $8 million.
6. In no case did the indebtedness of any individual country on December 31,1954, exceed
$25 million.
7. Less than $500,000.
Source: U. S. Department of Commerce, Office of Business Economics
SURVEY OF CURRENT BUSINESS
April 1955
drought in Pakistan. A reduction in assistance to Korea
resulted from the withdrawal of the Army Department relief
program and decreased cash payments to the United Nations
Korean Reconstruction Agency. Implementation of the new
mutual security program was delayed until late in 1954.
Orders for goods valued at about a quarter of a billion
dollars are scheduled to be placed in the first 6 months of
1955.
Other declines occurred in payments of economic grants
for defense support in Greece, China (Formosa), and the
Philippines.
A $29-million payment to Vietnam was made in December
to be used for relief and resettlement of the refugees who
had fled from the northern part of the country, now under
Communist control.
The trend of technical assistance payments varied among
countries but generally increased, reflecting the changes in
emphasis of the mutual security program allotments for
recent fiscal years. This increasing trend was true on a larger
scale in Iran and Israel and on a lesser scale in almost all
the other countries from Libya east to Iraq, as well as in the
American Republics.
Development credits continue
Development credits, principally placed through the Export-Import Bank, continued to play an important part in
United States foreign lending. Disbursements continued on
13
the loans for mining expansion in the Union
of South Africa
and Australia. Increased payments wrere made to Indonesia
on several transportation and communication development
projects.
Export-Import Bank credits are the principal method of
extending development aid to the American Republics. Use
of these credits was expanded in 1954 in Brazil and Mexico
and in some other countries. A special situation existed in
1953 with the disbursement of $300 million to Brazil on an
Export-Import Bank loan to consolidate and liquidate pastdue dollar accounts with American exporters.
Postivar credit recovery $4.5 billion
Almost $11.9 billion of postwar assistance was extended
on a repayable basis. Further, agreements were made by
foreign governments to repay $2% billion in whole or part
settlement for assistance previously received or in the
process of being received on an indeterminate repayment
basis. On these $14.1 billion in postwar gross credit utilizations, and on $0.8 billion outstanding on V-J Day, the
United States Government has since received $3.2 billion in
principal repayments and $1.3 billion in interest. In the
last year the annual principal collections for the first time
exceeded half a billion dollars and, also for the first time,
exceeded the year's new credit utilizations (by $116 million).
Interest collections for 1954 were $271 million or about
2.3 percent of the $11.8 billion outstanding at the year end.
Service 011 Credits Scheduled for Next 6 Years
THE United States Government is scheduled to collect more
than $4 billion principal and interest on this indebtedness
during the six-year period ending in 1960. With the exception
of payments required on two special-type loans, collections
run close to $625 million per year—those for principal rising
from around $350 million to $400 million a year and interest
declining from about $265 million to $220 million.
Payments of principal on the two loans not included above
are (1) $80 million due from Japan in 1955 on account of
short-term advances made in 1954 by the Export-Import
Bank for the purchase of cotton and (2) silver bullion,
carried at a loan value of $283 million, lend-leased to several
countries during the war under agreements requiring return
of like quantity and quality on or before 1957. There is no
interest on the silver but interest of $254,000 is due in 1955
on the Japanese loan.
Scheduled repayments are based on agreements and
balances outstanding as of December 31, 1954 (as shown in
table 3), and of course do not include any repayments to be
made on credits disbursed after that date. Differences
between projected and actual repayments were in recent years
mainly due to repayments of loans—mostly short-term—
disbursed after the base date of the projection. Except for
the German settlement of $1 billion for postwar assistance,
new longer-term credits have not significantly affected the
projections.
The balance still due on the special British loan authorized
in 1946 for $3% billion represents 30 percent of total outstanding loans. Payment of $119 million a year is required
on this credit until the year 2000, mostly for interest in the
earlier years.
Loans by the Export-Import Bank accounted for a little
less than a quarter of the total outstanding. France owes
almost $1 billion and Brazil close to $450 million; together
these comprised more than one-half of EIB loans. Excluding
the two special-type loans mentioned previously, payments
of principal due on EIB credits account for 65 percent of the
total in the first year of the six-year period, thereafter declining to 50 percent in the last year.
Agreements for repayment for postwar transfers under
lend-lease arid other assistance programs amounted to $2.2
billion at the end of 1954, including the settlement of $1
billion with Germany in 1953 and more than $1 billion due
on previous agreements with France, United Kingdom, and
U. S. S. R.
Mutual security loans outstanding of $1.7 billion include
$1.4 billion representing economic aid extended to European
countries on a credit basis largely in 1948 and 1949. The
terms generally do not require payment on principal until
1956 in order to permit these nations to recover from the effects of the war and regain their economic strength. Credits
extended to Spain in more recent years also require initial
payments in 1956.
The largest debtors on these loans are the United Kingdom
owing $385 million and France owing $226 million. Other
mutual security loans include those to Asian countries,
mainly India, and for the development of strategic materials
production abroad. No projections of principal and interest
are included on this latter type of loans because these repayments often depend upon the production and delivery of
material to this country.
Credits extended abroad in connection with the disposal
of war surplus property showed balances at the end of 1954
of $1.1 billion including $102 million for merchant ships.
Payments required on the principal of these debts will reach
$44 million by I960 whereas the interest declines from $24
million to $18 million over the period.
Payments due on certain of the credits for surplus property
(except merchant ships) were not projected because terms
generally required payment in foreign currency or property
as requested by the United States Government.
Of the total indebtedness outstanding December 31, 1954,
almost two-thirds is in three countries, United Kingdom,
France, and Germany.
by Betty C. Churchill
Business Population
by Legal Form of Organization
A HE business population of the United States has remained stable at about 4.2 million concerns over the past 2
years. Continuing moderate gains in the number of corporations in 1953 and 1954 were offset by slight reductions in
unincorporated firms.
In 1954, contract construction was the only major industry
division to gain significantly in number of operating companies. Here the increase of 3 percent was about half the
proportional increase in 1952 and 1953. The number of
manufacturing firms declined in each of the last 3 years.
Wholesale trade continued to edge up slightly while the
number of concerns in the aggregate in the remaining
industry divisions remained virtually unchanged.
Position of corporations
Business Population
MILLIONS OF FIRMS
5
ALL BUSINESSES
1939
41
43
45
47
49
51
J A N U A R Y 1st, EACH Y E A R
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
53
55
55-19-6
Corporations, which currently make up something over
one-eighth of the business population, have increased in
number by seven-tenths since 1945, while unincorporated
firms have increased by about one-third. In the early
postwar period, 1945-48, the corporate and noncorporate
parts of the business population shared more equally in the
rapid growth, with corporations increasing by more than
two-fifths and proprietorships together with partnerships
gaining by about one-third. During the years from 1949
through 1954, however, corporations increased quite steadily
by about one-sixth for the 6-year period. Unincorporated
NOTE —MISS CHURCHILL IS A MEMBER OF THE BUSINESS STRUCTURE
DIVISION, OFFICE OF BUSINESS ECONOMICS.
14
businesses, on the other hand, gained relatively less from 1949
through 1952 and dipped slightly thereafter. As of the
beginning of this year there were about 3 percent more
noncorporate firms in operation than 6 years earlier.
The business population of the United States discussed
here refers to all private nonagricultural enterprises, except
those providing professional services. About 90 percent of
all private business employment and national income originate in these firms. This article—the fourth in the current
series l describing the business population and its turnover—
reviews the trends from the standpoint of the legal form of
organization of American businesses.
Although about three-fourths of private nonagri cultural
national income and employment outside the professions
originates in the corporate sector, corporations currently
represent little more than one-eighth of the total number of
operating businesses. The chart on page 15 highlights the
large proportion of the national income that is produced
under the corporate form of organization. The corporate
contribution to income and the proportionate number of
companies are higher in manufacturing than in other broad
industry divisions of the business population.
In 1947, the year for which the most detailed information
is available, the corporate percentage was slightly lower (11
percent), while 70 percent of all firms were individually
owned, 17 percent were partnerships and less than 2 percent
were firms of other types of organization. Included in the
"other types" are mutual financial institutions, estates,
trusts, receiverships and cooperatives organized under special
State laws rather than as corporations.
The larger the size-group of companies the more important
is the proportion of all firms accounted for by corporations,
as may be seen from the lower left-hand section of table 4
and the chart on page 17. It will be noted, however, that
while more than 4 out of every 5 firms with 100 or more paid
employees in operation in 1947 were corporations, 93 percent
of all corporations were firms of lesser size. Nearly onefourth of all corporations had fewer than 4 paid employees
and nearly three-fourths had fewer than 20 employees.
Long-term trends in corporations
The corporate form of organization as it exists toda\ T rests
upon a body of legislation largely formulated during the last
century. After an extremely rapid growth in the number of
corporations during a relatively brief formative period, the
rate tapered off and since the early 1900's has been only
moderately higher than the rate of growth for the rest of the
business population. While the expansion of the economy
1. See "Recent Business Population Movements," SURVEY OF CURRENT BUSINESS,
January 1954, "Size Characteristics of the Business Population," SURVEY, May 1954, and
"State Distribution of Business Concerns," SURVEY, November 1954.
SURVEY OF CURRENT BUSINESS
April 105
and the development of the capital markets may have served
as a stimulus to a more rapid growth in corporate business,
the increasing importance of corporation income taxes—
particularly since World War I—-operated as a very significant deterrent to incorporation of small and medium-size
firms though probably not for the smaller number of giant
concerns for which capital could not be raised in any other
manner.
A comparison of the number of corporate tax returns with
estimates of the total business population for the earlier
period indicates that the proportion of corporations has increased from about 9 percent in 1910 to about 13 percent
currently—a rise of only a few percentage points over this
entire period. These data also indicate that prior to World
War II corporations were relatively most numerous during
periods of depression and proportionately fewest under favorable business conditions, reflecting the greater cyclical
stability of the larger firms.
dustrial variation is revealed in the proportion of all firms
operating as corporations. Among retail food and liquor
firms, filling stations and firms engaged in personal services
only 2 or 3 percent of all businesses are incorporated. Other
retail trade and service industry groups are also below the
general average in this respect with the exceptions of the
retail automotive group and motion pictures where one-fifth
and two-fifths, respectively, of the concerns are corporate.
It should be noted that the latter industry includes production and distribution as well as the exhibition of motion pictures in theaters. A factor in the motion picture industry is
the growing tendency for a corporation to be set up to
produce a single motion picture.
Table 1.—Number of Firms in Operation January 1, 1945-55, and
Number of New, Transferred arid Sold or Liquidated Businesses
by Type of Organization
[Thousands]
Non- \Total Corporate corporate
Year
Corporate shares by industry
In January 1952, when corporations represented 13 percent of all firms in operation, one-third of all manufacturing
firms wore corporations (see table 2). Also substantially
above average were the corporate proportions in the finance,
wholesale and mining divisions with percentages around a
fourth of the total. In each of three industry divisions—
contract construction, retail trade and services—corporations
comprised less than a tenth of all firms in operation.
15
oi
Tftt
iotal
NonCorporate corporate
- or die continued
Finns i i operation January 1 Transferred
businesse s
2, 995
1 945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
3,242
3, 651
3, 873
3, 984
4, 009
4, 067
4, 121
4, 179
4,185
4,182
l
331
350
412
;
459 i
483
495
516
526
539 i
551 !
564 i
2,664
2,892
3,239
(549
836
811
783
741
32
36
48
48
3, 514
3,551
709
688
681
691
650
41
48
50
54
57
3,414
3,501
3,595
3,640
3,634
3,618
!
Corporate Businesses
624
81)4
735
093
668
640
631
(537
593
!
Newly Acquired Businesses
Importance in income originating and
number of firms
Acquired by transfer 3
Newly established
1945
1946
1947
1948
1949
PERCENT CORPORATE
100
1950
1951
1952
1953
1954
.--
l
423
617
461
393
331
29
50
40
36
32
394
507
421
357
299
473
627
572
501
435
457
583
529
466
407
348
303
364
341
331
35
36
39
39
41
313
327
325
302
290
419
378
375
357
316
392
366
352
330
287
1. Based on incomplete data.
2. Classified by legal form before the transfer.
3. Classified by legal form after the transfer.
Source: U. S. Department of Commerce, Office of Business Economics estimates based
primarily on data from the Bureau of Old-Age and Survivors' Insurance and the Internal
Revenue Service.
The proportion of corporations in the overall business
population was about the same at the beginning of this year
as in 1952 but 2 percentage points higher than in 1945 and
1947. In general, changes in the proportion of corporations
within most of the industry groups were likewise moderate
from 1945 to 1952. However, a greater than average
tendency toward incorporation from 1945 to 1948 is indicated
for textile, apparel and leather manufacturers, and firms
classified in the retail automotive group.
20 -
ALL
BUSINESSES
CONTRACT
CONSTRUCTION
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
In the transportation, communications and other public
utilities division the corporate proportion of all firms is only
slightly higher than average, or one-sixth. Although virtually all railroads and other public utility concerns are incorporated, firms engaged in such activities as trucking and
services allied to transportation are more numerous and
predominantly unincorporated.
Within broad industry groups, as can be seen in the more
detailed distributions shown in table 2, somewhat wider in-
Unincorporated business
Individual ownership offers advantages over the corporate
form in the way of fewer regulations, direct and full control
of the business by the owner, arid, in most cases, lower taxes.
The capital available to a proprietorship, however, is limited
by the funds the owner has saved or can borrow. Under the
corporate form it is possible to draw on the capital of a
number of different individuals who may or may not desire
to participate directly in the operation of the enterprise and,
also of great importance, the continuity of the business is
safeguarded and the investor's liability is generally limited
to the amount of his investment.
SURVEY OF CURRENT BUSINESS
16
April 1955
Proprietorships with less than four employees
comprise three-fifths of all business concerns
PERCENT OF ALL FIRMS
80
60
40
20
ALL
BUSINESSES
SERVICES
RETAIL
TRADE
TRANSPORCONTRACT WHOLESALE
TAT I ON, ETC. CONSTRUCTION
TRADE
FINANCE,
ETC.
MINING a
QUARRYING
MANUFACTURING
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
Partnerships resemble proprietorships in that they may be
formed with relative ease and the business is directly controlled by the owners. On the other hand, partnerships resemble the corporate form since they do facilitate the pooling
of more than one individual's resources and although the
liabilit}7^ extends to each owner's personal assets, risk is
spread to some extent. In addition, the partnership form
usually makes available to the firm the working time and
skills of each of the partners.
Unincorporated firms comprise a substantial majority of
the total number of firms in operation within almost every industry group for which separate data are available. The
proportion ranges down to just above half among textile,
apparel and leather manufacturers and metal products manufacturers. To a large extent this result follows from the
broad industry classification used in table 2. For some of
the more detailed manufacturing industries, such as textile
mills alone or producers of petroleum products, the unincorporated proportion would be much lower. However, even
in industries such as these where a large share of total output
is concentrated in relatively few firms, the proportions of
unincorporated firms are far from negligible in numbers.
Railroads and pipelines are among the few exceptions encountered.
Internal Revenue Service data on the number of proprietorships and partnerships filing tax returns for 1947 constitute
the latest "universe" information available on the breakdown
of the number of unincorporated firms in operation by type
of organization; these data provide the primary basis tor the
detailed information presented in this study as 01 a single
date, January 1, 1947. Less comprehensive data for more
recent years give evidence that the current distribution of
unincorporated firms among sole proprietorships, partner
ships and other types of organizations probably is not very
different from that found for 1947. This view is supported
by sample studies of employers filing social security tax returns for the first quarter of 1951, as well as by tentative
global figures carried forward to 1955 on the basis of partial
information from IRS and business turnover estimates.
However, certain provisions of the Revenue Act of 1954—
especially that on dividends and that granting some unincorporated firms the option of using corporate tax rates—may
have some effect on future trends.
From the standpoint of numbers of firms the business
population may be thought of as dominated by small proprietorships. Individually owned businesses with fewer than
4 employees comprised nearly three-fifths of all firms in operation in 1947. As the accompanying chart shows, proprietorships with fewer than 4 employees constituted nearly 30
percent of all firms even within the mining and manufacturing
divisions. These smaller proprietorships accounted for from
one-half to two-thirds of all firms in three divisions—construction, transportation and retail trade, about 45 percent
in wholesale trade, nearly 40 percent in the finance division,
and 70 percent of all service firms.
Partnerships, which are more numerous than corporations
in most divisions and all retail and service industry groups,
are in turn quite consistently outnumbered by proprietorships
amon* industries for which statistics are separately available.
The single exception which is found for the combined textile, apparel and leather products group is due to the greater
tendency for apparel manufacturers to operate as partnerships. The ratio of partnerships to proprietorships is also
fairly high within other manufacturing groups, in the finance
division, and in mining and quarrying. All other industry
divisions and groups are characterized by quite low proportions of partnerships.
SURVEY OF CURRENT BUSINESS
Vpril 1955
and legal form of organization
The effect of firm size as measured by number of paid
employees upon the distributions of firms among corporaions, sole proprietorships and partnerships is revealed by
;able 4 and the chart on below. Although the chart and
jhe table are based upon 1947 data, as discussed above,
martial and tentative information for recent years indicates
Dhat the current picture is essentially the same. It should
be noted that "other" types of organization have been
excluded from the data charted.
Although sole proprietorships account for four-fifths of
firms with fewer than 4 employees, the percentage falls off
rapidly as size of firm increases: only about one-fourth of the
firms with between 20 and 49 employees, and less than 4
percent of concerns with 100 or more employees, are individually owned.
Corporations, on the other hand, take on greater importance
as the size of firm increases. Corporations account for less
than 4 percent of all concerns with fewer than 4 employees
and more than four-fifths of the 100 or over group. Roughly
equal proportions of proprietorships and corporations are
found among firms with 8-19 employees.
Firm size has a comparatively moderate effect upon the
proportion of firms operating as partnerships. This form of
organization attains its greatest relative importance in the
middle-size classes, accounting for one-fourth to one-fifth
of all firms with 4 to 50 employees.
Table 3 shows the number of firms in operation January 1,
1947, by type of organization and size for selected industry
divisions as well as for the business population as a whole.
17
Even in construction and retail trade, where small proportions of all firms are incorporated, corporations account for
nearly half of all firms with 20 or more employees.
On an overall basis, differences in the distribution of
firms by type of organization could be expected to follow
from the industry differences in size composition. In manufacturing, for example, where firms tend to be larger than
average, a higher-than-average proportion of corporations
would be expected. However, some industry differences in
the distribution of firms by type of organization are apparently independent of size. In manufacturing the proportion
of proprietorships is lower, and of corporations higher than
average not only for the division as a whole but also within
each of the size classes. Wholesale trade is similar to manufacturing in this respect but in retail trade and construction
the opposite situation prevails.
In part this phenomenon may be explained by industry
variations in the average number of employees per firm
within the employee-size groups utilized in the tables. A
more important reason probably lies in the choice of employment as a measure of size. The amount of capital required
is an important factor apart from employment in determining the legal form of organization of a projected business
enterprise. If size of firm were measured in terms of total
assets it is likely that the industry differences within size
classes in the distribution of firms among the types of
organization would be lessened. Variation in the degree of
risk associated with starting different kinds of new businesses
may also give rise to some industry differences in the proportions of corporations within size classes.
Distribution of Firms by Legal Form of
Organization for Each Employee-size Class
Importance of corporations rises with size
Percent
100 -
Percent
~ 100
80 ~
- 80'
60 -
- 60
40 -
- 40
20 -
- 20
0 —
ALL
0-3
SIZE-CLASSES
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
337339°—55
3
4-7
8-19
20-49
50-99
fOO-499
500-999
1,000 or more
EMPLOYEE S I Z E - C L A S S E S
55-19-9
18
SURVEY OF CUKEENT BUSINESS
April 195,
of the business population with respect to business tumove:
and growth are apparent from table 7 which expresses thes<
data in terms of the rates per 1,000 firms in operation.
The difference between the combined rates of new firn
formation and acquisitions through transfer or reorganizatior
each year and the rate at which firms are sold or liquidatec
yield the annual rates of growth among operating concerns
The corporate business turnover rates are substantially less
than those for unincorporated business, while greater relative
growth occurred among corporations in each year showr
except 1945. Growth among corporations was also mucl
more steady from 1948 on while in the noncorporate sectoi
growth was slow in 1949 and moderate losses occurred ir
1953 and 1954. The table also shows that in most years
transferred firms have accounted for a larger share of al
newly acquired unincorporated firms than the establishment
of new firms.
Business Turnover
The number of incorporated and unincorporated businesses
which were newly established, newly acquired by transfer of
ownership, and sold or liquidated each year from 1945
through 1954 are shown in table 1; further details by size and
industry are shown in tables 5 and 6.
Included among the businesses newly acquired by transfer
are changes from one type of legal form of organization to
another as well as reorganizations and purchases of going
concerns which do not result in a change in legal form. For
all types of organizations combined the number offirmsdiscontinued or transferred less the number of businesses newly
acquired by transfer yields the number of business deaths.
However, it is not possible to derive estimates of the number
of liquidations within types of organization from table 1
since separate information on the previous legal form of
organization of transferred businesses is lacking.
Business births and transfers were at a record level in 1946,
a year in which the readjustment from the war economy
resulted in a business population increase of more than
400,000 firms. Since that year the number of newly acquired businesses among unincorporated firms has decreased
steadily, and last year numbered only about half as many as
in 1946. The number of new corporations, on the other
hand, after declining through 1949, has increased each year
thereafter; 1954 was only 18 percent below 1946. The
difference between the corporate and noncorporate sectors
Entry rates holding size and industry constant
The different levels of business turnover rates shown for
corporations and unincorporated business may suggest a
stability in the corporate sector of the business population
which is actually not characteristic of this form of organization as such. As previous articles on the business population have pointed out, turnover rates vary sharply among
industries, among size classes, and even among geographical
Table 2.—Number of Firms in Operation January 1 by Industry and Type of Organization
[Thousands]
Corporate
Noncorporate
i
1947
1945
1946
1947 | 1948
1949 1950
1951
1952
1945
1946
2,664 2,892
Total
Proprietorship
Partnership
3,239
2,550
620
1948
1949
1950
69 3,414 3,501 3,514
459
483
495
516
526
9
9
9
9
9
24
25
26
17
20
23
25
27
29
149
187
251
214
37
82
98
108
108
108
112
176 182
204
128
70
27
28
35
37
39
39
42
42
76
80
96
64
29
19
8
20
8
24
10
26
11
27
12
28
12
30
12
30
12 1
29
47
48
36
60
21
43
Nondurable
Food and kindred products
Textiles, apparel and leather products
Printing and publishing
Other nondurable
51
10
17
10
12
54
11
20
11
13
64
12
24
12
15
71
12
28
12
18
70
13
26
70
12
27
19
f,8
12
25
13
18
11
99
69
12
27
26 | 27
24
13
21
18
102
26
28
25
22
108
26
30
27
25
64
14
14
18
17
Transportation, communication and other public
utilities
.-- --.
21
21
23
25
26
26
27
28
117
130
145
123
17
Wholesale trade
41
46
58
67
71
71
75
75 I
145
163
185
139
43
Retail trade
74
79
96
107
115
120
125
126 1 1,282 1,379
1,531
1, 239
278
15 1,623 1,668
1
6
12
17
16
52
6
13
18
3
17
57
6
13
18
4
17
62
6
14
19
4
19
64
60
401
54
169
291
405
62
439
64
194
314
457
50
374
44
165
245
362
12
64
18
29
67
88^
65
465
69
208
334
483
66
472
73
214
345
499
67
478
69
217
347
505
331
350
Y
7
Contract construction
11
12
Manufacturing
77
Durable
All industries
Mining and quarring
_
_
IVIetals and metal products
Other durable
412
111 |
6
14
18
4
19
65
1951
1952
Other
1
3,551 3,595
27
28
28
28
29
290
316
328
350
365
208
214
210
210
216
102
105
99
102
107
13
16
38
65
38
67
37
62
37
65
39
68
41
11
15
8
106
27
27
28
24
109
28
30
28
24
111
28
30
29
24
109
28
28
29
24
no
151
154
151
154
153
187
189
192
194
201
1,682 1,696
1,711
10
0)
6
6
28
28
29
24
68
479
70
218
346
514
69
480
73
221
344
525
9
8
3
12
38
10
3
13
40
6
11
14
3
15
48
Finance, insurance and real estate
69
71
75
81
84
87
91
94
234
244
246
132
83
32
242
239
235
236
238
Service industries
- --
30
31
37
42
46
48
51
54
537
583
649
561
82
5
686
693
688
682
681
Hotels and other lodging places
Personal services
Other service Industries
4
8
18
4
8
19
5
9
23
6
10
26
6
11
29
6
11
30
7
11
33
7
12
36
59
278
200
59
291
233
59
313
277
49
279
234
10
33
40
61
325
300
61
328
303
61
328
299
60
327
295
61
329
291
General merchandise
Food and liciuor
\utomotive
Filling stations
Kating and drinking places
Other retail trade
i1
I
i
57
378
50
152
275
369
1
Less than 500 firms. Source: U. S. Department of Commerce, Office of Business Economics estimates based primarily on data from the Bureau of Old-Age and Survivors' Insurance
and the Internal Revenue Service.
SURVEY OF CURRENT BUSINESS
April 195
19
regions. The industrial and size compositions of firms of
different types of organization differ and hence variation in
the gross rates shown in the table may illustrate little more
than various weightings of the same basic rates rather than
any inherent differences between corporate and noncorporate
firms independent of these and possibly other factors.
Examination of entry rates by the three-way classification
of size, industry and type of organization could be expected
to indicate the separate effects of differences in each of these
factors upon entry rates. Unfortunately present data are
not completely adequate for this approach to the problem.
Information on new businesses cross-classified by type of
Table 3.—Number of Firms in Operation January 1, 1947, by
Selected Industry Divisions, Size of Firm and Type of Organization
Table 5.—Percent Distributions of New and Transferred Businesses
within Types of Organization by Size of Firm for Selected Industry Divisions, 1954
[Thousands]
All industries 2
All types
Proprietorship
Corporate
Pai
sship
480
298
2,550
2.137 i
268 !
620
412
107
66
191
117
39
29
3
3
113
59
25
23
3
3
33 i
27 i
35
25
Contract construction.
..
0-3
4 - 7
_ _ _ _ _ _ _ _
8-19
2 0 o r more
_ _ _ ...
268
181
43
29
15
17
1
5
5
6
214 ;
Manufacturing
302
123
49
56
74
98
8
15
25
51
128
83
19
17
243
153
41
31
18
58
14
14
17
12
0-3
4-7 .
8-19
_. _ .
20 or more
20-49
.10-99
100-499
,^00-999
1000 or more
.
__
-
_. _ _
. -
0-3
4-7
8-19
.
20 or more
Wholesale trade
0-3
4-7
8-19
20 or more
_.
1,627
1,257
Retail trade
0-3
4-7
8-19
20 or more
i
i
i
Total'
All industries2
...
0-3
4-7
8-19
20-49
50 or more
Contract construction. _
0-3
37
20 i
160
31 !
17 i
5 1
69
36
12
11
6 ;
3 ;
1
(0
(0
v
8 |
i
139
112 i
17 i
8
4-7 .
8-19
20 or more
7 :
7 i
3 !
i
70 !
31 !
14 I
13 i
12 I
.-
Manufacturing
0-3
4-7 .
8-19
20 or more
Wholesale trade
0-3
43
25
8
4-7
8-19
20 or more
. .
C
^-<S:
100
60
24
11
4
2
100
83
13
3
1
100
49
29
13
9
100
86 :
11 '
2 '
100
68
18
8
5
100
46
27
15
12
100
77
15
6
2
100
87
9
1
Retail trade
0-3
4-7
. .
8-19
20 or more
278
187
55
27
9
1,239
1 050
134
45
10
•Less than 500 firms.
2 Includes industries not shown separately.
Source: U. S. Department of Commerce, Office of Business Economics estimates based
primarily on data from the Bureau of Old-Age and Survivors' Insurance and the Internal
Revenue Service.
1
2
100
„.
.
Percent
Percent
Percent
1
corpo'. corpo; rate
' rate
Non- I within
within
corposixe
size
Total
rate j class
! class
100
87
9
3
1
100
91
7
2
100
87
9
3
100
35
27
22
11
5
9
4
23
41
59
12
8
32
44
60
69
100
83
8
100
27
28
25
20
100
72
19
32
53
100
63
20
11
6
f3
21
9
29
49
64
!
•
i
28
19
41
51
68
100
45
20
18
17
100
20
21
27
32
100
59
19
13
8
35
15
37
54
67
100
67
25
6
2
100 1
94
4 i"
1!
0) I
26
20
69
65
56
100
66
18
11
5
100
34
31
24
11
100
79
13
6
2
30
16
50
64
69
100
52
28
14
6
100
93
5 !
1!
0) jv
I'
I
100
88
9
3
100
31
33
23
12
100
90
8
2
4
1
16
32
59
2
8
2 i
13
31
32
18
223
109
39
_
113
Percent
Industry divisions and
employee-size classes
nth
uinu
412
99
93
107
3, 651
2, 683
. .._ - __.
Transferred businesses
New business*'S
Type of organization
industry envisions ana
employee-size classes
!
•
!
5
26
43
69
'S
\
o1
n
Less than 0.5 percent.
Includes industries not shown separately.
Source: U. S. Department of Commerce, Office of Business Economics.
Table 4.—Percent Distribution of Firms in Operation January 1, 1947, Within Industry Divisions,
Types of Organization, and Employee-Size Classes
Type of organization
Type' of organization
All types
All types
Cornorarc
uotpoiau, j• Proprietorship
Partnerj U
o ther
ghip
Corporate
Within industries
All industries
Mining and quarrying
Contract construction
_._...
Manufacturing
Transportation, communication and other public utilities
Wholesale trade
_ __
Retail trade
Finance, insurance and real estate
Service industries
100.0
100. 0
100.0
100.0
100.0
100.0
100.0
100. 0
100.0
f
11.3
23.4 !
6. 3
32. 5
13.8
23. 7
5. 9 i
23.4 i
5. 4 j
i
__
0-3
4-7
8-19
20-49
50-99
100 or more .
-
.._
__ _ _
...
1. Less than 0.05 percent.
-._
__ _
.
___.
100.0
100. 0
100.0
100.0
100.0
100.0
100.0
11.3
3.7
19.4
35.9
50.5
65.7
82.6
i
;
!
,
!
1
69.8
17.0
44.4
29. 9 i
79. 8 ;
13.7 i
42. 3 i
23. 2 i
72.9
9.8 !
57. 1 <
17. 6
76. 1
17. 1
41.0 i .
25. 7 !
81.8 i
12.0
i
69.8 j
79.6 !
55.8
38.0
22.7
13.0
3.1
Source: U. S. Department of Commerce, Oilice of Business Economics.
Other
Within types of organization
1.9
2.3
.2
2.0
3.5
1.6
.9
9.9
.8
100.0 I
.91
7.3 !
8.3 i
4. 6 1
6.6 \
44.6 !
8.8 !
18. 8
Within size classes
Ail size classes-
Proprietor- , Partnership
ship
100.0 !
.6 ?
100.0
2.0
4.1
23.8
5.6
14.0
23.2
18.2
9. 1
8.4
5.0
4.8
5.4
48.6
5.2
22.0
;
:
:
!
!
!
100. (7) j
1. "
5.1)
11. 1{
2.''
6.1)
44.1H
13.:5
13.^$ i
100.0
1.1
.6
8.8
8.5
5. 5
21.2
46.4
7.8
Within types of organization
17.0
15.3
22.3
22.2
21.4
16.3
10. 7
!
i
i
]
1. 9
1. 3
2. 4
3.8
5. 5
5.0
3.6 !
100. 0
73. 5
13. 1
8.2
3. 2
1.1
1.0
i
i
|
i
i
100. 0
24. 0
22. 6
25.9
14. 3
6.1
7.0
100. 0
83. 8
10. 5
4. 4
1.0 !
.2
1
C)
100. t)
66. 4[
17. i
10. "t
4.1
l.C
.e
100.0
52.4
17.0
16.6
9.3
2.8
1.8
SURVEY OF CURRENT BUSINESS
20
organization, industry and size is not available prior to the
third quarter of 1950; the only comparable data for all businesses in existence pertain to January 1, 1947—a difference
in time of more than three years. Furthermore, the latter
estimates are subject to large sampling errors for some of the
more sparsely populated cells of the three-way classification;
within size-by-industry classifications the distribution of
firms by type of organization depends upon samples of employers too small to yield precise estimates within each cell.
Nevertheless, a study based upon present data does reveal
significant variation in entry rates by industry and by size,
The effect of type of organization upon entry rates is less
clear when the analysis is based on all observations; however,
within the two industry divisions with the largest number of
firms—retail trade and the service industries—the ent^ rate
for corporations exceeded the partnership rate, and both
these types of organization tended to have much higher entry
rates than proprietorships. In the absence of data on the
relative changes in the number of firms in each legal form of
organization, adjusted for size and industry, it is not possible
to establish the extent to which these differentials in entry
rates, also so adjusted, are associated with differentials in
growth rates or in discontinuance rates.
Table 6.—Number of Firms in Operation 1953—55 and Number of
New, Discontinued and Transferred Businesses 1953—54 by Major
Industry Divisions
April 195
Technical Notes
The statistics presented in this article are estimated within the framework of the regult
Office of Business Economics series on the business population as revised in the Januar
1954 SURVEY OF CURRENT BUSINESS. The number of sole proprietorships, partnerships an
corporations in operation January 1, 1947 were derived primarily from Internal Reveni:
Service data as outlined in the technical notes to the January 1954 article.
The May 1954 SURVEY presented the number of operating businesses by employee-siz
classes and by industry for all types of organization combined as of January 1 each year 19through 1949 and 1951. The 1947 distribution shown here of firms by legal form of organizatio
within industry divisions and size classes depends upon Bureau of Old-Age and Survivor
Insurance samples of employers filing social security tax returns for the first quarters of 19^
and 1948.
The number of corporations in operation January 1, 1945 through January 1, 1952 wer
derived from IRS data by the same methods used to establish the 1947 corporate benchmark
Estimates of corporate business turnover were used to carry the total number of corporator
in operation forward from January 1, 1952 to January 1, 1955. It should ^be noted that n
attempt is made to combine corporations owned or controlled by the same interests.
An additional factor, important only in the finance, insurance and real estate division, i:
regard to corporations should be noted. Under business population definitions concerns ar
not considered firms in operation unless they have either at least one paid employee or a
established place of business. The definitions exclude "paper" corporations which have n
established place of business regularly devoted to the business activities involved. In som
cases, such corporations are individually owned and the entire income is in the form of rent
from small apartment houses or other real estate. In other cases, corporations are set up t
conduct a single transaction which is accomplished in a short period of time without benefi
of paid employees. In 1947, 150,000 tax returns were submitted to IRS by corporations class
fied in the finance, insurance and real estate division. The bulk of the difference betwee
this figure and the OBE estimate of 75,000 corporations in operation January 1, 1947 is attrifc
utable to the above factor rather than to business turnover.
Comparison with external data
Relative movements in the series on new and transferred corporations, shown in table 1
are in substantial agreement with those shown by the incorporations series compiled b;
Dun and Bradstreet, Inc. (published monthly on page S-5 of the SURVEY.) However, du
primarily to the inclusion in the incorporations series of the "paper" companies discusse*
above, the level of the Dun and Bradstreet series for the years 1946 through 1954 average*
about 45 percent higher than the combined OBE corporate new and transferred businesses
Less important differences from the Dun and Bradstreet series arise from those eases in whic
the promotion of a projected corporation was not completed and the charter, though issued
was never exercised. Also of minor importance is the exclusion of agriculture and the pro
fessional services from business population statistics.
[Thousands]
Comparison with Census data
Con-
All
industries
Firms in operation
January 1, 1953
July 1, 1953
.
January 1, 1954 _ _
July 1, 1954
January 1 1955
l
New businesses
January-June 1953
July-December 1953
January- June 1954
July-December 1954 i
Discontinued businesses
January— June 1953
July-December 1953
January— June 1954
July-December 1954 1
Transferred businesses
January-June 1953
July-December 1953
-
January— June 1954
July-December 1954 1
tract
Manu- Whole- Retail Service
factur- sale
trade indusstrucing
trade
tries
tion
All
other
con-
4, 178. 8
4, 205. 7
417. 7
432.3
326.9
326. 6
282.9 1,853 0
285.0 1, 859. 2
738 9
741.9
559 4
560 7
4, 185. 3
4, 196. 7
431.3
441.3
321.8
317.6
285. 6 1,849.9
287. 1 1, 850. 7
739 0
742.3
557 5
557 7
4 182.0
443 0
311 0
288 0 1 843 0
741 0
556 0
199.3
141.2
40.4
23.9
16.0
10.4
11 9
8 6
77 4
58 1
29 6
23 1
24 o
17 2
189.0
141.7
35.7
26. 1
13. 1
9.2
11 0
9.0
75 4
58.1
30 3
22.0
23 5
17.3
172 4
161.6
25 8
24.9
16 3
15.2
9 8
8 0
71 1
67 3
26 7
25 9
22 7
20 3
177 6
156. 7
25 8
24.2
17 3
15.4
9 6
8.2
74 6
65. 9
27 o
23. 1
23 3
19.9
206. 0
151.2
8.6
9.8
7.4
5.5
6.6
5.4
135.6
102 0
30. 5
21 9
14 1
9 9
181.8
134. 1
7 3
4.9
7. 8
5.0
6 5
4.3
121 5
92.4
26 6
19.4
12 2
8.1
j
The 1947 Census of Manufactures and the 1948 Census of Business contain information or
establishments by legal form of organization. Within each industry the proportion of estab
lishments controlled by corporations as shown by the Censuses exceeds the corporate per
centage determined from the estimates of business firms presented here. However, then
is fairly close agreement between the arrangement of the industries from high to low corporal
percentages as determined from the two sets of data.
The explanation of the above result lies in the differences in definitions and scope betweei
the two sets of data. The Bureau of the Census counts each establishment separately. Th<
business population series, on the other hand, counts each firm once even though it maj
control more than one plant or establishment; furthermore, in the latter statistics, a firrr
engaged in manufacturing, for example, would not be included in this division unless manu
facturing were the major activity of the firm as a whole. In 1947, manufacturing establish
ments were not covered by the Census unless there was at least one paid employee; no cutofi
point based on size of firm is employed in business population statistics. Each of these
differences in scope and definition would tend to raise the corporate percentage as determined
from Census information on establishments above the corporate percent determined from
firms.
Table 7.—Business Turnover Rates per 1,000 Firms in Operation
January 1
\^
^
g
^ Net change rate!
Newly-acqulrod businesses
|
Year
New entry rate
Transfer rate -
\
cor- Total ate !i cerCor- NonCor- Non- T°tal porate porate
ate porate
Total por- cor- Total por- cor- !
| ate porate
! ate porate
Addendum
Corporate new businesses
36. 1
39.5
3.8
6.5
5.1
7. 1
4.9
6.9
5.5
7.8
4 0 '
4 2 '
9 4
10 1
January-June 1953
July-December 1953 -
22.2
17.0
3.1 i
2.1
4.1
2.9
2.9
2.3
4.3
3.5
2.5
2.0
5.3
4 2
1945.-..
1946
141 1 88
190 | 143
148 i 158
196
193
48
126
;
j
172 1 217 !
202 ; 258
234
278
82
60
86
91
125
178
120
January-June 1954
July-December 1954 1
21.8
19.7
2.7
3.6
2.9
4.5
2.8
2.6
3.1
2.5
4.2
2.3
5 4
4.9
1947
1948
126 !
101 1
97
78
130
105
157
129
104
76
163 ! 222
87
136 | 202 105
239
215
61
1949
1950
83 i
87 i
66
71
85
89
109
105
58
55
116 ! 186
112 1 177
99
83
1951
1952
89
88 1
70
74
92
90
93
91
43
44
100
169
98 1 165
93
95
1953
1954
82 i
79
72
74
83
80
85
76
50
53
91 ! 165
100
79 | 155 103
175
163
1951
1952
Corporate
nesses
. ..
transferred
|
busi-
1951
1952
22.0
23.5
1.7 1
1.9 1
4.0
4.3
2.3
7.2
2.7
January-June 1953
Julv-December 1953
14.9
12.2
1.3
1.0
2.8
2.2
1.7
1.5
January-June 1954
July-December 1954 1
16.0
13.4
1.5
1.2
2.7
2.2
1.9
1.6
1
7.6
2 8
29
4 1
4 0
4.9
4.0
1.9
1.5
23
5.2
4.4
2.0
1.7
2.8
2.2
2.1
Based on incomplete data.
Source: U. S. Department of Commerce, Office of Business Economics estimates based
primarily on data from the Bureau of Old-Age and Survivors' Insurance.
76
28
114 i
49 ;
54
26
198
6
190
15
25 i
43 |
3
11
180
13
176
14
20 j
23 j
12
12
2
0
22 1
24
-1
-4
1. Rate equals the difference between the rates for firms newly-acquired and those transferred or discontinued.
2. Classified by legal form after the transfer.
3. Classified by legal form before the transfer.
Source: U. S. Department of Commerce, Office of Business Economics.
* BUSINESS STATISTICS
Wlontki
X HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1953 Statistical Supplement to the SURVEY
DF CURRENT BUSINESS. That volume (price $1.50) contains monthly data for the years 1949 to 1952, 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 1949. Series
added or revised since publication of the 1953 Supplement are indicated by an asterisk (*) and a dagger (f), respectively, the accompanying footnote indicating where historical data and a descriptive note may be found. The terms "unadjusted" and "adjusted" used to designate index
numbers and dollar values refer to adjustment of monthly figures for seasonal variation.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely,
vided through the courtesy of the compilers^ and are subject to their copyrights.
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
Data from private sources are pro-
1955
1954
February
March
April
May
June
July
August
Septem- October Novem- December
ber
ber
January
February
March
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates :t
National income, total _..
bil ofdol
298. 9
299.6
298.8
Compensation of employees, total.. . _ do
Wages and salaries, to^al
do
Private
do
Military
._ do Government civilian
.
do
Supplements to wages and salaries . - - - do
206.4
194 6
161. 2
9.7
23.7
11.8
206 6
194.9
161 5
9.5
23 8
11.7
207 2
195.6
161 6
9.6
24 4
11 6
208.9
197.2
163 0
9.5
24 7
11.7
Proprietors' and rental income, total cf
do.._
Business and professionalcf .
~ 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
49.4
25.6
13.0
10.8
49.0
25 9
12.2
10 9
48.5
25 9
11 6
10 9
48.1
26 3
11.0
10.9
34.1
34.5
17.0
17.5
-.4
9.0
34.9
34.5
17.0
17.5
4
9.1
33.9
34 2
16 8
17 4
— 3
9 2
_ 4
9 2
do
355. 8
356.0
355.5
362.0
do
do ._
do
do .
230. 5
28.0
118.8
83.6
233 1
28 8
120 0
84.3
234 8
28.9
121 1
84.8
237 7
29 9
122.1
85.7
Gross private domestic investment, total
do
New construction- ._
do
Producers' durable equipment
do
Change in business inventories ... ... do
44.5
26.0
22.7
-4.2
45.6
27 0
22.4
-3.8
45.3
9
83
21 8
—4 8
49 5
29.1
21 7
— 1.3
Net foreign investment
do
Government purchases of goods and services, total
bil. of dol.
Federal (less Government sales)
do
-1.1
10
2
.8
do
81.9
55.0
46.9
26.9
78.3
51.3
44.7
27.0
75.6
47.9
42.1
27 7
74 1
45.9
40.5
28.2
do
do
do
do
285.1
32.8
252.3
21.8
285 7
32.9
252.9
19 7
286.2
32.9
253 2
18.4
289 0
33.1
255.9
18.2
Gross national product, total
Personal consumption expenditures, total _
Durable goods--.
Nondurable goods. _ _ _ _ . - .
Services.
...
State and local. __
___
Personal income, total.
..
Less: Personal tax and nontax payments
Equals: Disposable personal income _ __ .
Personal saving § .
_______
_
-
"
"
""
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:!
Total personal income
bil. ofdol..
Wage and salary disbursements, total
Commodity-producing industr ies
Distributive industries
Service industries
Government--
do
do
do
do
do
Other labor income-.
do
Proprietors' and rental income
do
Personal interest income and dividends
do
Transfer payments
do _
Less personal contributions for social insurance
bil. of dol._
291.4
r
198.1
84.6
53.0
26.2
34.3
197.8
84.4
53.1
26.1
34. 2
T
6.6
47.2
24.5
16.5
6.6
48.3
24.6
16.4
6.6
48.8
26.2
16.7
4.6
4.7
4.7
285.0
285.0
284. 4
286. 2
286.5
285.7
285.4
286.6
286.3
194.7
84.6
51.8
24.9
33.4
194.5
84.2
52.0
25.0
33.3
194.3
83.7
52,0
25.2
33. 4
195.0
84.2
52.3
25.2
33.3
195.5
84.0
52.5
25.5
33.5
195.7
83.4
53.1
25.4
33.8
195. 5
82.7
52.8
25.8
34.2
195.4
82.4
52.9
25.9
34.2
196.1
82.9
52.9
26.1
34.2
6.6
49.6
23.9
15.0
6.6
48.9
23.9
15.8
6.6
48.2
24.0
15.9
6.6
49.4
24.0
15.8
6.6
49.2
24.1
15.8
6.6
47.9
24.2
15.8
6.6
48.2
24.3
15.5
6.6
48.8
24.4
16.0
4.8
4,7
4.6
4.6
4.7
4.5
4.7
4.6
289.3
291. 4
292.4
199. 3
85.2
53. 5
26.4
34.2
199.9
85.8
53.5
26.4
34.2
6.6
49.5
24.7
!6. 5
6.6
49.9
24.7
16.4
r
r
r
r
r
r
5.2
5.1
Total nonagricultural income
do
268.2
268.8
269. 1
269.7
270.3
270.6
270.2
271.1
272.3
274.6
276.5
275.5
276.3
r
Revised.
evse seres.
u a r e r y eestimates
s m a t e s oof natonal
ncome and product
have been revised back to 1939 (annual data, to 1929); quarterly and monthly estimates oof personal income, back to
f Revised
series. ^ Quarterly
national^mcome
productiveJ3een
1929 (monthly revisions prior to May 1953 appear in the 1954 issue of the National Income Supplement). For quarterly data prior to 2d quarter 1953, see pp. 8 and
cf Includes inventory valuation adjustment.
9 Government sales are not deducted.
§ Personal saving is excess of disposable income over personal consu
umption expenditures shown
as a component of gross national product above.
S-l
S-2
SUKVEY O* UUKKE-NT J3US1,N&bb
April 19t"
1954
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
February
March
April
May
June
1955
July
Auisost
Decem^ - October November
ber
Se
m
January
February
Marc!
GENERAL BUSINESS INDICATORS—Continued
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals:!
All industries
mil. of dol__
Manufacturing
Durable-goods industries
Nondurable-goods industries
do
do
do
j
Mining . _
do ... I
Railroads
do
Transportation, other than rail
do
i
Public utilities
_.
. ___.do.._
Commercial and other
do
Seasonally adjusted quarterly totals at annual rates:
All industries
bil of dol -i
Manufacturing
Mining
Railroads
Transportation other than rail
Public utilities
Oommercial and o^her
do
do
do
do
do
do
6. 266
6, 932
6,640
6, 988
'6,21
2 569
1 901
1 368
2 859
1 309
1 550
2 645
1 207
1 438
2, 965
1 373
1,592
2, 4*
1. If
1.3c
2i
21
3C
QA
9
o 19
•?~,o
3S !
9?<>
1 916
61
245
375
1 121
2 071
251
179
374
244
180
379
1 060
2 133
1, 109
2 110
27 46
26 99
26 84
26 18
11 69
11 09
1 04
91
1 44
4 37
8 07
10 98
1 00
10. 58
80
. 68
1 53
4 01
8 46
91
1
1
4
7
04
57
33
97
2, M
26. 0
1
1 51
4 12
8 42
10.2
.9
91
1. 5
4.0
8.5
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
Crops _ _ _ . _.
- . - . do __
Livestock and products
do
Indexes of volume of farm marketings, unadjusted:
All commodities
1935-39=100
Crops
do
Livestock and products
do
2, 020
2, 006
2 036
9' 019
698
554
1, 308
1 4 58
314
706
208
1 934
1 901
50 6
1 395
2 015
345
762
262
389
287
300
342
817
9^1
1 986
536
1 450
769
259
2 104
2 070
719
1 351
' 380
(»8(^
24 '-t
2 205
2 187
929
1 958
360
6?8
9
48
2,481
2, 469
1,111
1 , 358
330
328
331
2, 809
2, 779
1,474
1 305
2,571
2, 536
1,245
1 291
1,948
1.917
327
702
261
311
741
219
299
61H
243
479
585
399
419
521
344
382
'440
'340
289
260
310
176
183
171
165
167
163
129
106
146
3, 191
3. 172
1 . 655
1.517
3 190
3 178
1 780
1 398
3 506
3~ 497
2 032
1 465
326
796
260
335
835
278
320
885
29*
372
393
357
479
629
368
598
718
386
349
732
262
738
1 179
303
247
344
304
196
384
367
3X2
312
254
3-r>6
127
106
144
128
m
] 65
66
162
130
69
175
142
1 04
171
148
139
1 60
163
155
168
201
233
177
299
263
191
196
199
193
126
126
124
124
124
116
123
126
130
130
128
' 131
135
do
do ._
do
do
do
. do _ _
do
do
do
do ...
128
141
113
114
147
155
123
147
134
172
128
140
108
106
147
153
121
145
132
172
125
137
107
105
147
150
120
141
128
166
125
136
108
108
147
148
121
138
126
162
125
135
109
109
149
147
122
137
125
162
116
125
94
96
142
138
116
128
119
145
125
132
100
97
139
144
124
138
118
176
127
135
103
102
137
145
124
145
122
189
132
14f
112
112
142
15C
12C
15C
121
207
132
143
118
122
158
154
125
150
121
206
129
143
117
121
160
156
' 133
' 147
' 129
' 136
130
162
138
do
do
do
do
do
do
do
do
_ . do _.
183
138
103
489
147
107
116
126
133
IS4?
181
151
101
475
140
101
119
128
125
' 179
142
101
485
145
106
117
128
131
175
143
96
472
136
100
115
131
127
165
125
78
469
132
99
91
128
121
165
123
155
81
74
470
137
111
123
130
136
159
70
78
464
138
113
134
139
140
179
144
93
471
140
112
123
137
139
115
98
98
115
96
114
98
97
106
96
114
103
100
105
96
102
r H3
108
98
108
96
111
97
101
74
119
120
124
120
98
107
98
109
97
100
67
123
117
118
127
99
110
107
111
103
10^
69
120
110
113
135
98
97
99
103
102
llf
69
110
101
137
134
116
144
150
124
131
94
101
94
137
133
122
149
153
127
133
118
106
98
146
140
125
107
94
140
139
125
1S;>
" 1, 90
» 60
" 1 3d*
INDUSTRIAL PRODUCTION
Federal Reserve Index of Physical Volume t
Unadjusted, combined indexf
1947-49=100
Manufactures
- Durable manufactures
Primary metals
Steel _.
Primary nonferrous metals
Metal fabricating (incl. ordnance)
Fabricated metal products
Machinery. .
_
Nonelectrical machinery
Electrical machinery. _ _
Transportation equipment _
Autos
Trucks
Aircraft arid parts
.
Instruments and related products
Furniture and fixtures _
.
Lumber and products Stone, clay, and glass products
Miscellaneous manufactures
Nondurable manufactures . .
Food and beverage manufactures
Food manufactures
Meat products
.
Bakery products Beverages
Alcoholic beverages _.
Tobacco manufactures
Textile-mill products
Cotton and synthetic fabrics
Wool textiles. _ . - . _ _
Apparel and allied products
Leather and products
Paper and allied products
Pulp and paper.
Printing and publishing. _
Chemicals and allied products
Industrial chemicals
Petroleum and coal products _ _ . .
Petroleum refining
Rubber products
_
_
_
146
101
472
138
98
122
130
124
r
do _
do
do
do
do
do
do
do
do
do
do
115
96
98
111
97
89
86
96
95
MO]
58
'•95
* 101
T
61
100
99
'94
99
63
108
108
94
99
68
115
f 109
106
108
98
r
124
114
' r 114
93
96
70
do
do
. d o __
do
do
do
do
do
do
do
115
102
133
132
118
150
150
126
136
114
116
100
135
133
121
150
150
121
129
118
108
94
136
131
122
147
150
120
128
116
103
89
134
132
121
145
150
123
130
118
99
94
136
136
119
144
152 1
124
131
121
r
99
98
101
r
r
r
r
107
109
107
102
99
118
103
92
82
85
68
91
87
120
116
113
137
145
122
130
85
465
132
107
102
134
130
r
117
115
117
' 155
r
160
* 156
r
165
126
132
132
129
136
124
' 124
146
123
' 191
191
174
94
478
r 142
' 112
116
134
134
115
101
104
13(
'98
88
84
83
'97
' 1&
70
r
99
94
129
127
123
156
166
129
140
127
' 159
' 124
' 148
' 126
'191
' 200
195
98
' 479
' 141
' 109
' 118
' 132
' 129
' 119
98
' 102
138
94
84
80
105
' 104
' 114
' 70
113
105
140
139
118
' 157
169
' 132
r 142
' 143
151
' 136
162
' 126
' 152
' 129
' 196
r
p i:-s".
p m
i' 15,c
"14c
P 16t
P 12£
p 15^
p I3c
P 19?
204
P 212
210 _. .86
476
i> Hf
' 142
' 113
p 11-1
' 126
' 135
r
134
122
97
99
124
95
* 13(o
f 137
P 123
108
116
72
116
112
P 147
121
161
175
' 134
P i2<5
P 133
144
141
T 114
r H7
109
p 119
112
115
112
11G
111
r 119
114
111
62
58
63
57
77
68
75
70
p 72
' 79
r 137
134
137
136
129
130
133
130
136
'
142
' 144
r
r
r 76
r 79
79
108
120
108
98
92
79
100
86
125 1
119
r m
129
129
126
122
119
127
130
130
' Revised.
*> Preliminary.
i Estimates based on anticipated capital expenditures of business; those for the 2d quarter of 1955 appear on p. 8 of the March 1955 SURVEY.
^Revisions for 1952 for new plant and equipment appear on p. 10 of the March 1954 SURVEY; those for 1953 appear on p. 8 of the March 1955 SURVEY. Revisions for 1952 and 1953 for farm
income and marketings are on p. 24 of the January 1955 SURVEY; for 1951, on p. 24 of the April 1954 SURVEY.
t Revised series. For a detailed description of the revision and monthly and annual data beginning 1947, see the December 1953 issue of the FEDERAL RESERVE BULLETIN.
Minerals _
Coal .. _
. .
Crude oil and natural gas
Metal mining _
Stone and earth minerals
do
do
do
do
...do
110
68
135
76
113
109
61
137
73
114
April
SURVEY OF CURRENT BUSINESS
1055
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical FebruSupplement to the Survey
ary
S-3
1955
1954
March
April
June
May
July
August
Septem- October Novem- December
ber
ber
January
February
March
GENERAL BUSINESS INDICATORS—Continued
[
INDUSTRIAL PRODUCTION -Con tinued
Federal Reserve Index of Physical Volume 9— Con.
Adjusted, combined index
125
123
123
125
124
123
123
124
126
128
130
126
139 1
109
151
123 '
141 i
130 i
163
125
135
103
147
120
138
125
163
125
134
103
147
119
138
12f
163
126
136
106
148
121
138
124
163
125
135
108
147
122
139
124
170
194
134
103
147
122
141
125
173
125
135
105
148
124
144
125
181
126
r
137
105
r
149
r
122
147
125
189
128
r 139
111
r
130
142
118
r
152
125
148
122
198
131
143
121
154
125
145
120
'193
133
' 146
' 121
'156
' 125
'145
' 124
' 187
134
147
' 131
' 157
' 126
'T 146
125
' 187
136
150
136
159
127
147
127
186
179 1
147
103 i
' 118
130
132
173
144
104
116
130
130
174
139
103
114
128
127
178
138
102
120
130
12?*
170
135
104
108
129
131
170
136
106
9f
131
130
166
135
109
97
132
133
167
" 137
109
116
134
132
r
169
137
110
128
132
132
r 175
r 187
138
108
124
136
139
140
'108
131
135
131
'
'
'
'
'
'
' 196
' 142
110
129
200
144
112
114 \
106
98 |
91
106
94
114
106
103
91
108
93
115
107
103
94
109
94
117
110
108
95
107
94
116
108
107
93
106
95
114
105
101
95
102
100
114
105
99
94
103
96
115
105
K)2
95
101
91
117
105
102
101
103
94
118
106
100
101
* 105
96
r HP
lo
lo .
lo
lo
lo
129
119
146
126
110
131
119
146
122
113
133
120
146
124
113
137
120
148
125
119
136
121
148
124
120
133
121
148
122
97
135
121
149
121
98
137
121
1 F >0
125
117
138
121
150
124
125
r
lo
lo
lo
lo
do
113
68
135
101
124
112
62
137
96
124
lOf
58
137
78
120
111
65
134
91
121
114
69
136
99
122
112
70
133
91
125
109
68
130
83
121
108
67
129
82
121
109
70
130
81
121
1947-49=100
do
do
do
119
130
142
1209
10
117
182
94
119
131
151
11C
97
116
172
92
116
126
146
110
92
112
155
92
116
125
143
112
93
112
165
94
102
107
125
92
89
88
116
90
113
121
123
121
102
101
234
94
108
111
81
139
do
do
do
117
127
138
119
103
117
170
95
109
111
70
149
111
124
338
104
129
'142
144
142
108
M16
324
100
do
do
do
do
do
do
do
do _ -
113
120
134
110
99
110
142
96
111
111
133
109
99
104
151
94
116
126
139
115
97
112
178
93
119
130
145
119
9f
116
196
93
118
128
136
123
96
110
243
96
116
126
127
127
102
114
241
93
' 114
125
121
131
106
109
270
91
' 114
' 121
132
107
112
267
98
'r 112
117
r
104
131
106
110
270
98
46 9
47 8
47 4
46 7
47 0
46 2
23.5
11 0
12.5
23.6
10 9
12 7
1947-49=100.
Manufactures
Durable manufactures
Primary metals
Metal fabricating (incl. ordnance)
Fabricated metal products
Machinery
Nonelectrical machinery
Electrical machinery
-
do
do
do
do ..
do
. do ...
do
do
Transportation equipment
._ _
Instruments and related products
Furniture and
fixtures
Lumber and products
_ ._. Stone clav and glass product?
Miscellaneous manufactures
do
do
do
do -.
do
do
Nondurable manufactures
... - do
Food and beverage manufactures.
- d o _..
Tobacco manufactures
do
Textile-mill products
... _
do
Apparel and allied products
do
Leather and products
do
Paper and allied products . . . .
Printing and publishing— Chemicals and allied products
Petroleum arid coal products
Rubber products
Minerals
Coal
Crude oil and natural gas
Metal mining. _ - __ .. _
Stone and earth minerals- . . . .
150
124
147
123
194
137
1°()
1 52
1 97
r
129
106
101
'100
'107
'100
136
121
'155
r
129
'132
r
'132
194
141
109
129
136
132
133
r
139
r
133
' 120
' 107
107
121
106
r 103
103
107
104
r
108
105
140
122
'154
' 131
r 141
v 143
' 123
156
r 134
136
p 135
P 142
P 136
P 122
P 123
p 1 34
116
7?
' 137
'102
127
r 1 90
r 74.
'132
149
'130
'109
'108
258
94
'142
'163
195
' 137
' 108
' 124
260
'95
151
175
210
'146
111
138
272
'97
P155
"179
" 215
P 151
' 119
r
128
' 127
130
103
r
114
259
97
' 125
'137
'149
'129
'105
115
242
96
'131
' 145
' 160
' 133
' 107
' 128
222
'98
135
151
172
135
107
132
226
'98
r> 139
* 156
v 1 79
p 137
48 0
49.5
49.3
49 5
23.1
10 7
12 5
24.4
11 6
12 8
24,8
12.0
12.8
24.9
12 3
12.6
25.2
12 4
12.8
1 ^A
T Qfi
125
n
79
P ]A(<
' 142
106
126
CONSUMER DURABLES OUTPUT
Unadjusted, total output*
Major consumer durables ... . ,
Autos
Major household goods
.
.
Appliances and heaters
Radio and television sets
Other consumer durables
Adjusted, total output*
Major consumer durables _
Autos_.
Major household goods
Furniture, and floor coverings
Appliances and heaters
Radio and television sets
Other consumer durables
-ino
122
279
101
T no
174
v 99
p 99
BUSINESS SALES AND INVENTORIES!
46.7
47 1
47.6
do
do
do
23.6
11.3
12.3
24.1
11.4
12.7
24.4
11.5
12.9
24.0
11 3
12.6
24.3
11 4
12.9
24.1
11 3
12.8
Wholesale trade, totalt
Durable-goods establishments
Nondurable-goods establishments
do
do
do
9.1
2.9
6. 2
9.1
2.9
6.3
9.0
2.8
6.2
8.9
28
6.1
9.1
29
6.2
9.1
30
6.1
9.1
29
6.1
9.2
29
6.3
9.0
2 8
6.2
9.3
29
6.3
9.5
3.0
6.5
'9.5
3.1
6.4
9.5
31
6 4
Retail trade, total
Durable-goods stores.
Nondurable-goods stores
do
do
do
14.0
4.7
9.2
13.9
4.9
9.0
14.2
4.9
9.4
14 0
4.7
9 3
14 4
5.0
9.4
14 3
4.9
9 4
14 2
4.8
9 4
14 2
48
9 4
14 1
4 7
9 4
14 4
4 9
9 4
15.1
5.3
9.8
14 9
5.1
9 7
14 8
5 2
9 Q
Manuf acturing and trade sales (ad j ) total f
Manufacturing, total t
. . - ..
Durable-goods industries
Nondurable-goods industries
bil of dol
-
Manufacturing and trade inventories, book value, end
of month (adjusted), totalt
'"bil of dol
Manufacturing, totalf
Durable-goods industries
Nondurable-goods industries
Wholesale trade, totalt
Durable-goods establishments..
Nondurable-goods establishments
-
.
80.4
80.1
79.5
79.4
79.0
78.3
78.2
77.8
77.5
77,6
'77.4
77.4
77.7
do
do
do
46. 1
26.2
19.9
45 8
25 9
19 9
45.2
25 3
19.8
44 8
24 9
19 9
44 5
24 7
19 8
44 2
24 4
19 8
43 9
24 2
19 7
43 7
24 1
19 5
43 8
24 4
19 4
43 8
24 4
19 4
r 43 8
24 4
19 3
43 6
24 4
19 3
43 6
24 4
19 2
do
_ do
do
11.9
5.8
6.0
11 8
5.8
6.0
11 6
5.7
5.9
11 8
58
6.0
11 9
58
6.1
11 8
58
60
11 8
58
59
11 7
58
59
11 7
59
59
11 7
59
59
11 5
57
5.8
11 5
57
59
11 7
57
59
r
Retail trade, totalt
do
22 7
22 g
22 4
22 4
22 6
22 8
99 A.
22 5
22 1
22 2
22 4
22 0
22 1
Durable-goods stores
..do .
10.6
10.5
10 4
10 5
10 4
10 2
10 3
10 1
10 2
10 2
10 0
10 0
10 3
Nondurable-goods stores
do
11.81
12.1
12.3
12.3
12. 2l
12.2
12! 1
12.2
12'.1
12.0
12! 2
12! o
12'. o
r
Revised.
*> Preliminary.
9 See note marked "t" on p. S-2.
*New series. Compiled by the Board of Governors of the Federal Reserve System. For description of the index and back figures, see the May 1954 FEDERAL RESERVE BULLETIN and subsequent issues.
§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 p. S-4; those for retail and wholesale trade, on pp. S-9 and S-10.
t Revised series. Effective with the December 1953 SURVEY, the data reflect adjustments to more
)re recent benchmarks; all revisions prior to 1953 are available upon request (most of tbe
data published in the 1953 issue of BUSINESS STATISTICS are now obsolete).
SURVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical FebruSupplement to the Survey
ary
April 1955
1955
1954
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
January
February
March
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Sales:!
Value (unadjusted), total
mil. of dol_.
Durable-goods industries
»_do
Nondurable-goods industries.
_. _ , do
Value (adjusted), total
-._
..
do ...
22, 970
10, 968
12, 002
25, 300
12, 208,
13,092
24, 490
11,814
12,676
23. 263
11,165
12,098
24, 384
11,804
12,580
22, 266
10, 252
12, 014
23, 943
10, 855
13, 088
24, 40(i
11, 109
13, 297
24, 335
11,090
13, 245
24, 407
11,552
12, 855
r 24, 871
12, 213
•• 12, 658
23, 620
24, 064
24,418
23, 978
24, 260
24, 055
23, 482
23,612
23, 141
24, 361
r
24, 826
T
r
- do. _do
do
do
do
do.. -
11,278
1,580
1,132
1,269
l,9f'8
1,962
11,385
1,528
1,173
1,355
1,941
1,981
11, 502
1, 575
1,223
1,305
1.939
2,052
11,344
1,505
1,156
1,291
1,862
2,083
11.395
1,567
1,180
1.316
1,901
1,974
11,287
1, 528
1,184
1,318
1, 920
1, 800
10, 952
1, 468
1,144
1,276
1,838
1,774
10, 933
1, 525
1,120
1,333
1, 866
1, 523
10,664
1, 581
1,082
1,238
1,778
1,340
11, 569
1,707
1,145
1,294
1,844
1,986
r 12, 026
1,718
1,095
1,389
r 1, 85r
2,406
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
942
309
659
573
348
536
931
317
688
569
353
549
971
300
693
547
356
541
940
317
680
601
354
555
914
334
678
599
364
568
1,061
300
684
608
354
530
949
311
688
597
331
576
948
318
740
625
363
572
1, 046
320
755
615
355
554
943
290
823
610
359
568
892
291
860
596
356
573
12,342
12,679
12,916
12, 634
12,865
12,768
12, 530
12, 679
12, 477
12, 792
' 12, 800
Durable-goods industries, total
.
Primary metal
Fabricated metal products
Electrical machinery and equipment
Machinery, except electrical
Motor vehicles and equipment
Nondurable-goods industries, total
do
r
r
r
24, 282
11, 715
12, 567
24, 628
12, 128
12, 500
24, 910
25, 230
12, 306
1,814
1,109
1,335
1,900
r
2, 490
12, 442
1,951
1,147
1,297
1,952
2,361
r
r
r
1, 076
284
798
600
317
583
1,045
285
843
616
331
614
12, 604
12, 788
r
Food and kindred products
Beverages
Tobacco manufactures
Textile-mill products
Apparel and related products
do
do-do
do
do
3,681
648
291
1,035
825
3,802
628
309
1,060
806
3,977
677
305
1,073
866
3,827
072
304
1,115
826
3,844
649
299
1,064
818
3,748
682
301
1,040
938
3, 785
582
306
1,023
909
3,779
609
311
1,054
903
3,704
627
288
992
920
3,736
646
319
1, 026
848
3,818
541
292
1,040
818
Leather and leather products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
do
do
do
do
do-- -
274
676
832
1,590
2,139
351
290
730
776
1,692
2,198
388
278
733
750
1,720
2,162
375
297
714
769
1.664
2,089
357
355
766
767
1,724
2,202
377
377
753
746
1,675
2, 134
374
349
742
751
1,686
2. 060
337
331
742
801
1, 735
2,080
334
302
735
814
1,710
2, 053
332
308
719
816
1, 815
2,171
388
317
734
757
1,812
2.264
46, 355
26, 235
20, 120
45, 959
26, 042
19,917
45, 351
25, 629
19, 722
44, 974
25. 336
19, 638
44, 684
24, 977
19, 707
44, 157
24, 460
19, 697
43, 548
24, 038
19, 510
43, 236
23, 786
19, 450
43, 394
24, 060
19, 334
bil. of dol_.
_.do- -do
15. 8
13.3
17.3
15.4
13.3
17.3
14.9
13.2
17.2
14.8
12.9
17.3
14.8
12.7
17.2
14.9
12.4
16.8
14.8
12.2
16.6
14.7
12.3
16.3
14.7
12.5
16.2
r 16.3
46,115
45, 774
45, 183
44, 798
44. 535
44, 194
43, 929
43,668
43, 819
43,811
' 43, 760
r
mil. of dol_.
43, 625
43, 643
24,441
3,116
2, 777
3,001
4, 983
3,064
24, 426
3, 223
2, 713
2,93(
4, 919
2,92f
r
24, 372
r
3, 240
r
2, 667
2,890
4,899
r
2, 920
24, 439
3,264
2,658
2, 936
4,903
2,958
Inventories, end of month :f
Book va>lue (unadjusted) total
Durable- goods industries
Nondurable-goods industries
By stages of fabrication:!
Purchased materialsGoods in process
Finished goods
Book value (adjusted) total
do
do
do
Durable-goods industries, total
Primary metal
Fabricated metal products.. _ .-_ . .Electrical machinery and equipment
M^achinerv except electrical
M^otor vehicles and equipment
do
do
do
do
do- do
Transportation equipment n e s
Furniture and
fixtures
Lumber products, except furniture
do
do —
do
Professional and scientific instruments
do
3,796
572
282
1, 081
821
283
721
809
1,779
2, 207
405
281
729
774
1,812
2,235
44, 025
24, 438
19, 587
43, 885
24, 489
19, 396
14.8
12.8
16.4
14.6
12.9
16.4
r 407
43, 493 ' 44, 029
24. 391
24, 055
19, 438 * 19, 63^
14.8
12.4
3, 729
580
284
1,015
792
r
r
r
15.0
12.7
16.3
26,168
3,344
2,948
3,326
5, 512
3,380
25. 900
3, 354
2,917
3,248
5,416
3,296
25, 345
3.226
2 837
3', 167
5.297
3,189
24, 926
3,153
2,768
3,103
5, 222
3, 098
24, 689
3.071
2,831
3, 062
5, 148
3,021
24, 383
3,107
2, 773
3,049
5,097
2,899
24, 232
3,082
2,759
3,041
5,101
2,790
24, 120
3,053
2,769
2,983
5,038
2,802
24, 384
3,069
2, 765
3,007
4,979
3. 004
2,732
666
1,015
917
883
1,445
2,753
665
1,025
906
874
1,446
2, 690
665
1,010
916
883
1, 465
2,652
661
1.003
919
888
1, 459
2, 691
650
981
895
874
1,465
2,622
664
958
883
862
1, 469
2,695
656
944
866
850
1, 448
2,736
661
952
872
850
1,404
2, 845
664
970
872
837
1,372
2,828
653
997
857
820
1,345
2, 989
65f
1,018
869
828
1,361
19, 947
19, 874
19, 838
19, 872
19, 846
19,811
19, 697
19, 548
19, 435
19, 370
19, 334
3,410
1,120
1, 855
2,337 i
1,668
3, 456
1,11"
1,856
2, 352
1,69"
r
r
2, 979
662
1,044
876
839
1,356
2,964
644
1,054
914
828
1,316
19, 253
19, 204
r
3, 485
1,122
1,850
2,313
1,738
3,471
1,123 i
1,847
2,318
1,783
611
1,045
678
3,026
2,587
798
583
1,053
663
2,990
2,574
3,544
1,195
1,877
2,412
1,792
3, 492
1,209
1,887
2,422
1,762
3,468
1,222
1, 930
2, 376
1,760
3,437
1,198
1,912
2, 383
1,766
3,416
1,167
1,872
2,361
1,741
3,384
1,138
1,856
2,328
1,710
581
756
3, 053
2,791
810
595
1,046
748
3,085
2,771
829
580
1,021
734
3,146
2, 790
784
567
1,007
735
3.147
2,784
761
572
1,026
737
3,092
2,760
804
573
1,050
715
3,080
2,763
838
579
1, 053
724
3,076
2, 729
819 I
594
1,039
692
3,063
2, 63^
' 829
22, 944
10, 290
12, 654
21, 708
9,472
12, 236
23, 099
10, 297
12, 802
21, 725
9,712
12,013
22, 904
9,918
12, 986
25, 132
11,696
13, 436
24, 579
11,401
13, 178
23, 906
10, 864
13, 042
•• 24, 694
11,94"
' 12, 74
r
r
r
24, 97C
12, 273
12, 703
25, 314
12, 688
12, 625
22, 859
23,017
22, 819
22, 88b
22, 551
22, 560
24, 463
23, 858
24, 366
' 25, 339
r
24, 81"
25, 68e
9,629
1,278
932
1,264
1, 599
10, 206
1, 269
956
948
1, 677
10,021
1,353
954
1,049
1,705
10, 050
1,273
918
1,000
1,657
9,985
1,450
1,153
905
1,793
9,700
1,212
959
1, 002
1,612
9,978
1,417
1,079
1,009
1,655
11,699
1,529
970
1,400
1,758
11, 478
1,656
1,161
1,142
1,774
11, 521
1,814
1,406
1,349
1,766
12,28
2,123
1,249
1,050
1, 86c
r
12, 118
r
2, 05b
r
1, 062
1,216
2,255
2,301
2,922
2,434
2,683
2,277
2,820
2,382
2,242
2,442
2,467
2,448
2,272
2,546
3,143
2,899
3,177
2,568
2,496
2,690
3,294
2,703
12, 387
12, 653
12, 996
12, 769
12, 901
12, 851
12, 582
12, 764
12, 380
12, 845
' 13, 055
2,746
2,999
2,925
2,988
2,917
3,013
3,030
2,862
2, 830
Industries with unfilled orders $
do
9,913
9, 852
9,634
9,665
9,751
9,739
9,525
9,823
10,071
Industries without unfilled ordersf.
do
r
Revised.
t Revised series. See corresponding note on p. S-3.
JRevised data beginning December 1949 appear on p. 22 of the June 1954 SURVEY.
9 Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable-goods industries are zero.
^For these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders.
2,779
10, 066
3,589
1,161
1,840
2,455
1,863
3,598
1,196
1,833
2,442
1,791
3, 596
1,188
1, 865
2,412
1, 762
do
___do
do
do
do
573
1,048
762
3,080
2,719
857
573
1, 050
767
3,072
2,703
849
580
1,047
777
3,061
2,738
812
do
_-do
do
21, 526
9,495
12,031
23, 857
10, 779
13,078
do
22,016
Food and kindred products
do
Tobacco manufactures
Textile-mill products
Apparel and related products..
do
do
do
Leather and leather products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
jsjew orders, net:t
Unadjusted total
Durable-goods industries
Nondurable-goods industries
Adjusted total
Durable-goods industries, total
do —
Primary metal
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 —
i, oe-i
3, 103
' 9. 952
i, 90;
12, 74S
2,404
1,272
1,305
2,010
3, 205
2,67b
3,208
2,549
12, 699
12, 938
r
r
r
2,923
9, 776
3,015
9,923
r~
i
SUEVEY OF CUERENT BUSINESS
April 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical FebruSupplement to the Survey
ary
S-5
1955
1954
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
January
February
March
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
54, 684
52, 303
4,448
4,201
9,962
7,435
53, 241
50, 874
4,202
3,994
9,489
7,083
51, 695
49, 350
3,964
3,823
9,261
6,828
50, 140
47, 657
3,667
3,629
8,952
6,523
48, 855
46, 150
3,422
3,637
8,627
6,301
48, 314
45, 610
3,298
3,530
8,516
6,186
47, 275
44, 673
3,296
3,374
8,236
6,119
48, 001
48 245
45, 571
3,356
3, 136
8,094
5 836
47 399
44 766
3,479
3 154
7,967
5 699
47 222
44, 500
3,842
3,140
7,597
5 647
r
r
3' 296
3,256
8,275
5,928
21, 740
4,517
21, 658
4,448
21, 188
4,286
20, 789
4,097
20, 184
3,979
19, 906
4,174
19, 406
4,242
20, 210
4,295
20, 992
4,157
20 416
4 051
20 299
3,975
r
do
2,381
2,367
2,345
2,483
2,705
2,704
2,602
2,741
2,674
2 633
.number..
8,533
10, 514
10, 272
9,280
9,748
9,409
9,041
9,256
9 852
926
74
109
207
449
87
1,102
87
143
198
551
123
975
66
92
200
535
82
943
81
111
200
460
91
965
81
132
208
455
89
856
80
95
165
417
99
912
80
100
187
451
94
819
59
88
153
406
113
47, 774
4,341
4,082
23, 043
11, 770
4,538
57, 280
3,506
7,255
15, 359
26, 043
5,117
42, 512
1,648
3,692
20, 568
12, 030
4,574
38, 494
2,961
3,674
15, 621
11, 739
4,499
41, 613
2,045
4,514
18, 454
11, 722
4,878
32, 230
2,524
4,958
9,986
9,622
5, 140
32, 582
2,381
2,386
12, 388
11, 225
4,202
Unfilled orders, end of month (unadj ), totalf mil. of dol
Durable-goods industries, total
do
Primary metal
.__
_ _ _ 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?
47 916
45 058
4, 156
3 184
7,566
5 834
48 602
45, 619
4,667
3,302
7,481
5 921
20 055
4,263
19 930
4,318
2,722
2,858
2,983
9 735
11, 981
13, 181
11, 369
871
68
109
189
414
91
933
68
110
179
490
86
917
72
130
204
413
98
939
87
87
195
456
114
877
60
113
188
412
104
36 381
2 290
5, 584
11 262
11, 879
5 366
29 000
1 952
4,733
7 547
11, 845
2 923
35 067
4 065
6,859
8 099
10 466
5 578
r
r
BUSINESS INCORPORATION Scf
New incorporations (48 States)
-.
INDUSTRIAL AND COMMERCIAL FAILUREScT
Failures, total
.
_ _ _
Commercial service
Construction
"MaTnifaotiiring and mining
Retail trade
Wholesale trade
. _ number
do
do
do
do
do
Liabilities (current) total
Commercial service
Construction
Manufacturing and mining
Retail trade
..
Wholesale trade
thous. of dol
do
do
do
_ do -_
do
40 103 37 872
1 857 3 154
5,926
9,044
17 526
11 636
9 647
8 509
6 285
4 391
'
42
2
7
18
8
4
056
244
624
922
928
338
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
258
256
257
258
248
247
251
246
242
244
239
244
245
244
237
236
208
443
239
238
208
443
240
234
208
443
249
227
207
446
244
216
205
445
248
225
202
446
250
228
207
430
247
233
210
444
243
235
204
441
244
239
199
438
241
239
202
430
248
241
204
425
245
240
203
436
245
239
198
437
258
210
233
269
263
212
246
275
267
217
225
283
272
215
279
286
274
240
200
283
272
228
243
286
288
235
223
294
292
248
170
276
293
218
191
275
281
206
237
277
276
207
216
279
275
222
263
274
268
210
258
270
269
205
274
264
277
315
267
208
271
316
257
188
271
333
237
178
267
331
230
168
251
299
229
168
247
286
237
171
. 251
287
245
178
245
277
253
162
242
267
263
153
243
266
266
159
237
257
264
156
240
263
258
163
244
264
253
190
243
260
249
199
263
271
254
264
272
255
265
273
256
267
276
256
265
276
252
263
277
247
264
277
250
263
273
251
979
261
272
250
273
254
9A4
971
9fi^
273
250
256
272
256
282
283
283
284
282
280
282
280
279
279
279
283
283
284
91
90
91
91
88
88
89
88
87
87
86
oa
R7
All commodities (U. S. Department of Commerce
index)
_ _ _
1935-39—100
208.9
208.3
208.1
208 7
209 0
209 7
209 0
208 2
207 6
207 6
207 6
9A7 Q
Consumer price index (U. S. Department of Labor):
All items
_
__
1947-49—100
Prices received, all farm products§
1910-14—100
Crops
Food grains
Feed grains and hay
Tobacco
,
Cotton
Fruit
Commercial vegetables, fresh market
Oil-bearing crops
Livestock and products
Meat animals
Dairy products
Poultry and eggs
_
do
do. -.
do
do
_
_ . _>
do
do
. do
do
do
.do
do
do
Prices paid:
All commodities and services
do
Family living items
do
Production items
do
All commodities and services, interest, taxes, and
wage rates!
- -• 1910-14— 100
P arity ratio © %
do
9fi9
OKI
9R4.
Of*
RETAIL PRICES
Apparel
Food
Dairy products
Fruits and vegetables
Meats, poultry, and
^
Housing
Gas and electricity
Housefurnishings
Rent
fish
115.0
114.8
114.6
115.0
115.1
115 2
115 0
114 7
114 5
114 6
114 3
114 3
do
do
do
do
do
104.7
112.6
109.0
108.0
109.7
104.3
112.1
108.0
107.8
109.5
104.1
112.4
104.6
110.0
110.5
104.2
113.3
103.5
114.6
111.0
104.2
113.8
102.9
117.1
111.1
104.0
114 6
104.3
120. 1
109.7
103 7
113 9
105 1
114 7
107.6
104 3
112 4
105 8
110 5
106 7
104 6
111 8
106 7
111 1
103 9
104 6
111 1
106 6
109 6
103 5
104 3
110 4
106 8
108 4
102 2
103 3
i in fi
106 4
110 6
102 4
106 1
110 7
102* 5
do
do _ _
do
do
118.9
107.5
107.2
127.9
119.0
107.6
107.2
128.0
118.5
107.6
106.1
128.2
118.9
107.7
105.9
128.3
118.9
107.6
105.8
128.3
119.0
107. 8
105 7
128.5
119.2
107 8
105 4
128 6
119 5
107 9
106 0
128 8
119 5
108 5
105 6
129 0
119 5
108 7
105 4
129 2
119 7
109 1
105 4
129 4
119 6
i no 4,
1OQ Q
1OA (*
125.1
113.0
106.4
129.1
120.1
125.1
112.7
106.4
128 91
120. 1
125.2
113 3
107.0
126 7
120.3
125.5
113 4
106 6
126 6
120^2
125 7
113 5
106 5
126 4
120.' 1
125 9
113 4
106 9
125 0
120! 1
126 1
113 8
106 8
127 6
126 3
113 6
106 6
127 3
119.9
124.1
124.4
Medical care...
do
124.9
113.9
114.1
Personal care
do
112.9
108.2
108.0
106.5
Reading and recreation
do
Transportation
do
129.4
129.0
129.1
120.2
Other goods and services. —
do
120.1
120.2
r
Revised.
i Index on base previously used (1935-39=100) is 191.1.
t See corre spending note on p. S-3.
9 See corresponding note on p. S-4.
cf Data are from Dun and Bradstreet, Inc.
§ Revised beginning 1910 to incorporate revisions in the component price series and
126 5
103 4
m
o
119 6
1 9Q 7
1 na o
-i 1 q 7
1i q e
106 9
-tr\a A
119.9
119.8
1 97 (\
to reflect changes in the basic weights; revised annual data for 1910-53 for prices received appear on
t Revisions for 1937-53 for prices paid and 1910-53 for parity ratio appear on p. 24 of the April 1954 SURVEY.
© Ratio of prices received to prices paid (including interest, taxes, and wage rates).
337339°—55
4
120! o
129 5
1114. 3
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
April 1955
1954
February
March
April
May
June
July
1955
DecemOctober NovemAugust September
ber
ber
January
February
March
COMMODITY PRICES—Continued
WHOLESALE PRICESd1
U. S. Department of Labor indexes:
All commodities
110.5
110.5
111.0
110.9
110.0
110.4
110. 5
110.0
109.7
110.0
109.5
110.1
110.4
110.0
97.7
89.7
91.6
91.3
98.4
89.6
93.0
92.4
99.4
97.4
92.9
94.9
97.9
104.4
91.2
93.0
94.8
96.6
86.5
87.7
96.2
110.9
88.1
83.2
95.8
108.3
91.2
83.4
93.6
99.8
93.6
80.7
93.1
101.9
92.9
77.5
93.2
103.2
93.5
76.4
89.9
96.9
92.5
74.0
92.5
105.2
93.5
79.4
93.1
103.8
93.1
80.7
92.1
104.4
92.2
79.9
104.8
112.7
107.4
105.3
112.6
106.1
105.9
113.2
103.0
106.8
113.3
101.7
105.0
113.5
102.4
106.5
114.0
105.1
106.4
113.2
105.9
105.5
113.8
106.6
103.7
114.5
108.7
103.8
116. 5
108.8
103.5
116. 8
108.2
103.8
116.9
107.0
' 103. 2
116. 3
107.2
101.6
116.5
107.2
103. 0
92.9
103.0
92.8
103.3
94.3
104.5
98.3
104.7
92.3
104.7
94.1
104.8
92.0
105.0
92.0
105.5
85.8
105.5
86.3
106.0
85.2
104.6
87.6
' 104. 4
86.9
105. 0
83.3
Commodities other than farm products and
foods
1947-49=100--
114.4
114.2
114.5
114.5
114.2
114.3
114.4
114.4
114.5
114.8
114.9
115.2
' 115.7
115.6
Chemicals and allied products
do
Chemicals, industrial
- do _ _
Drugs and Pharmaceuticals 9 - -- - -- do
107.5
118.4
93.9
107.4
117.9
93.9
107.2
117.4
94.0
107.1
117.3
94.0
106.8
117.0
94.0
106.7
117.1
94.0
106.8
117.4
94.0
106.8
117.4
94.0
106.9
117.6
93.6
107.0
117.7
93.6
107.0
117.4
93.6
107.1
117.3
93.6
r
107. 1
117.4
'93.3
106.9
117.5
93.1
do
do__ _
_do_ __
63.5
114.0
112.8
60.5
114.0
112.8
59.8
114.1
112.8
59.3
114.0
112.8
55.7
111.6
112.8
52.0
112.1
112.8
53.5
112. 1
112.8
54.0
112.3
112.8
56.5
112.1
112.8
57.8
112.2
112.8
59.3
113.3
112.8
61.8
113.6
112.8
61.0
113. 5
113.1
55.2
113.6
114.0
do
do ._
do
do
do__ _
110.5
110.9
101.3
113.5
113.5
109.2
107.9
102.9
111.5
111.5
108.6
104.1
101.8
112.3
112.1
108.2
104.6
101.8
109.0
111.7
107.8
104.7
101.8
107.8
110.9
106.2
104.9
101.8
105.4
108.2
106.9
105.2
102.4
105. 4
109.3
106.9
105.5
101.2
106.0
109.4
106.9
105.1
101.8
105.8
109.3
107.4
105.1
103.0
107.3
109.5
107.5
105.2
100.7
110.2
110.4
108.5
105.2
100.7
113.0
111.7
108. 7
105. 2
100. 1
116. 3
111.7
108.7
105.1
100.1
116.3
111.7
Furniture, other household durables... _ _ do
Appliances household
do
Furniture, household
do
Radio receivers
do
Television receivers
- do__ _
115.1
109.7
113.9
96.1
73.8
115.0
109.5
113.7
95.7
73.8
115.6
109.9
113.6
95.7
73.8
115.5
109.9
113.5
95.7
73.8
115.4
109.8
113.1
95.6
70.6
115.3
109.7
112.8
95.6
70.3
115.3
109.7
112.9
95.4
68.5
115.3
109.4
112.8
95.4
68.7
115.6
109.5
112.8
95.4
68.7
115.6
109.1
112.9
95.4
69.2
115.7
109.4
112.9
95.4
69.2
115.5
108.7
112.5
95.4
69.0
115.4
108.5
112. 6
'94.7
68.8
115.1
107.3
112. 7
94.7
68.8
Hides skins, and leather products
-- do
Footwear
_ _ do
Hides and skins
do
Leather
-- -- -do
94.9
111.9
55 4
87.4
94.7
111.9
56.0
86.3
94.6
111.9
56.5
86.0
96.0
111.9
62.5
87.6
95.6
111.9
60.6
87.4
94.9
111.8
58.2
86. 5
94.0
111.8
55.8
84.4
93.0
111.8
51.5
82.9
92.4
111.8
49.5
82.1
92.8
111.7
52.7
82.0
91.8
111.6
47.4
81.5
91.9
111.6
49.5
81.2
92.3
111.5
51.6
82.2
92.2
111.5
50.7
82.1
Lumber and wood products
Lumber
116.8
115 5
116.7
115.6
116.2
115.3
116.1
115.0
116.3
115.5
119.1
118.6
119.1
118.7
119.3
119.0
119.8
119.5
119.9
119.6
120.0
119.8
120.3
120.0
' 121. 2
121. 4
121.3
121.6
do —
do
do
do - do
124.5
123.0
131.5
126.8
118.9
124.5
122.3
131.7
126.8
118.9
124.4
122.3
131.6
126.5
118.9
124.4
122.6
131.5
126.0
118.9
124.3
122.3
131.5
125.9
118.9
124.3
122.3
131.5
125.8
118.9
124.3
122.1
131.5
125.7
118. 9
124.4
121.9
131.6
125.6
118.9
124.3
122.0
131.6
125.2
118.6
125.3
121.3
131.8
126.7
121.0
125.7
121.2
132.6
126.8
121.7
125.8
121.5
133.2
126.8
121.7
' 126. 1
'121.6
' 133. 8
' 126. 7
' 121. 5
126.2
121.6
133.9
126.7
121.5
do -_
do
do - _
do
126.2
114.8
131.0
119.8
126.3
114.4
130.6
121.2
126.8
114.5
131.1
123.4
127.1
113.9
131.8
123.6
127.1
113.8
131.8
123.7
128.0
114.0
133.6
124.2
128. 6
114.1
133. 8
125.1
129.1
114.1
134.1
126.2
129.7
114.3
135.0
127 A
129.9
114.3
135.5
127.2
129.8
114.3
135.0
127.6
130.1
113.9
135.8
127.9
131.5
113.7
135.8
133.7
131.9
113.6
136.2
134.3
121.0
131.9
117.6
122.1
121.0
132.0
117.3
122.1
120.8
132.0
117.3
122.1
119.
132.
117.
122.
119.1
132.0
117.5
122.1
120.4
132.0
117.7
122.1
120.
132.
117.
122.
121. 7
135.4
117.8
122.1
121.9
135.4
117.8
122.1
121.8
135. 4
117.4
122.1
121.8
135.4
117.4
122.1
122.0
135.8
116.7
122.1
'121.8
136.1
' 117. 0
122.1
121.9
136.3
118.2
122.1
Pulp, paper, and allied products - - - d o
Paper
- -do _
117.1
126.8
116.6
126.8
116.3
126.8
115.
126.
115.8
126.5
116.2
126.5
116.
126.
116.3
126.5
116.3
126.5
116.0
126.5
115.9
126.9
116.3
127.5
116.6
128.0
116.8
128.0
Rubber and products
Tires and tubes
- - -- do
do _-
124.6
130.3
124.9
130.3
125.0
129.3
125.
129.
126.1
129.3
126.8
129.3
126.
129.
126.9
129.6
128.5
129.6
131.4
134.9
132.0
134.9
136.8
139.9
' 140. 6
' 142. 4
138.0
142.3
do-._-- - - do
do
95.3
98.8
88.8
95.0
98.6
88.5
94.7
98.2
88.5
94.
98.
88.
94.9
98.1
88.4
95.1
98.4
88.9
95.
98.
89.
95.3
98.6
89.2
95.4
98.6
89.9
95.2
98.4
89.9
95.2
98.4
89.9
95.2
98.2
90.2
'95.2
'98.2
'90.6
95.3
98.2
90.8
do _ - _
do
do
135.8
85.4
109.0
135.1
84.9
109.3
132.3
84.6
109.2
131.
85.
109.
123.9
85.6
110.1
124.2
85.7
109.8
126.
85.
110.
128.4
85.8
109.6
127.0
86.1
108.4
127.4
86,9
106.6
123.9
87.2
106.7
124.1
87.3
106.6
122.4
86.7
' 106. 3
121.1
87.6
106.1
do
do do-. -
118.0
114.6
124.0
117.9
114.6
124.0
121.5
114.6
124.0
121.
114.
124.
121.4
114.2
124.0
121.4
114.2
124.0
121.
114.
124.0
121.5
114.3
124.0
121.5
114.3
124.0
121.4
114. 3
124.0
121.4
114.3
124.0
121.4
114.3
124.0
121.6
114.6
124.0
121.6
114.7
124.0
102.8
113.0
104.9
113.0
110.3
113.6
109.
113.6
105.1
113.6
103.9
113.5
102.3
113.4
99.1
112.7
96.7
112.7
97.0
112.8
98.0
112.9
97.0
113.2
'97.1
' 113. 1
95.6
113.2
90.5
87.0
88.8
90.5
87.1
89.2
90.1
87.3
89.0
90.2
87.0
88.3
90.9
86.9
87.9
90.6
86.8
87.3
90.5
87.0
87.8
90.9
87.2
89.0
91.2
87.3
89.4
90.9
87.3
90.0
91.3
87.5
90.6
90.8
87.5
90.4
90.6
187.5
'90.3
190.9
1947-49=100 _
Farm products
Fruits and vegetables fresh and dried
Grains
Livestock and live poultry
-
do_ _ _
do
do
do _
Foods, processed
_ _ - do__
Cereal and bakery products
do
Dairy products and ice cream
do__
Fruits and vegetables, canned and frozen
1947-49= 100. _
Treats poultry and
fish
do
Fats and oils inedible
Fertilizer materials
Prepared paint
Fuel power and lighting materials
Coal
Electricity
- - -Gas
Petroleum and products
-
do
do
Machinery and motive products.Agricultural machinery and equip
Construction machinery and equip
Electrical machinery and equipment
Motor vehicles
Metals and metal products
Heating equipment
_
Iron and steel
-- -Nonferrous metals
Nonmetallic minerals, structural
Clay products
Concrete products
Gypsum products
-
Textile products and apparel
Apparel
Cotton products
Silk products
Synthetic textiles
^Vool products
-
do
-- -- - do _ _
do
- do
-
Tobacco mfrs. and bottled beverages
Beverages alcoholic
Cigarettes
- - - Miscellaneous
Toys sporting goods
-_
__do
do
*
'
'
'
'
r
r
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices
Retail food prices
1947-49=100
- - do
do
' Revised.
* Indexes on base formerly used (1935-39WIQQ) are as foollows: Measured by—wholesale prices, 47.6 (March); consumer prices, 52.3 (February); retail food, 44.7 (February).
cfFor actual wholesale prices of individual commodities, see respective commodities.
$ Effective with the January 1955 index, cosmetics and related products were transferred from drugs, etc., to the "other chemicals" subgroup.
SURVEY OF CURRENT BUSINESS
April 1055
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-7
1954
February
March
April
May
June
1955
July
August
Novem- Decem*C' - October
ber
ber
n
January
February
March
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY
mil. of dol__
2,346
2,567
2,813
3,11^
3, 364
3, 522
3, 637
3,614
3,479
3,285
2,98,
2,787
r 2, 644
2,919
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
do
Nonresidential building
_ _ _ _ do. _ Military facilities
do
Highway
__ _ _
do
Other types
do
New construction (seasonally adjusted), total 9
mil. of dol_ .
Private, total
do
Residential (non farm)
_ ._
_ _ _ _do_._ Nonresidential building, except farm and public
utility
mil of dol
Farm construction
do
Public utility
do ..
Public, total
_ ._
do_ _ _
Nonresidential building
do
Highway
_ __ do
1,637
758
675
61
1,779
863
770
71
1,92"
980
860
96
2,122
1,10"
970
111
2 278
2,392
1,26"
1,12,
113
2,457
l,32f
1,195
IOC
2,410
1,321
1,1 9f
102
2,347
1,050
114
2, 459
1,313
1,1 7f
110
1,292
1, 175
95
2 202
1,214
1,11,
77
2, 061
1,111
1,020
70
1, 986
1,034
950
63
2, 151
1,145
1, 050
74
474
17f
157
106
292
709
34f
69
125
170
469
173
154
114
326
788
365
464
169
151
127
348
88P
377
71
230
200
490
165
167
145
371
992
387
78
320
207
528
164
18f
157
389
1,08(
397
89
385
215
549
161
203
164
400
1,130
409
89
415
217
552
160
207
167
41,'
1,17S
42o
93
44 (
222
551
16(
207
153
415
1,157
403
9f
44f
213
5-11
16:
197
126
410
1,069
378
9C
390
205
551
169
200
106
386
938
358
90
300
190
534
172
186
93
349
783
339
83
18f
17C
541
185
188
93
302
726
330
82
145
169
3,051
2, 004
980
3, 005
2,011
989
3,027
2, 059
1,040
3, 089
2. 131
l,10f
3, 078
2,122
1,102
3, 094
2, 173
1, 150
3, 145
2,219
1, 192
3,157
2, 234
1,214
3, 105
2, 221
1,210
3,192
2, 259
1,228
3,262
2, 292
1, 262
3, 379
2, 398
1,323
516
13f
365
1,047
409
327
514
134
366
994
387
300
512
133
36C
968
37f
293
518
132
367
958
37f
297
513
131
367
95(
377
292
517
129
367
921
364
292
521
12S
367
92(
373
288
515
127
367
36f
299
506
126
367
884
352
274
526
125
368
933
376
288
524
124
368
970
380
305
565
124
368
981
375
302
40, 787
1,221
436
785
55, 659
1,528
484
1,043
65, 521
1,692
477
1,215
65, 641
1, 925
669
1,256
59, 741
1,733
625
1,108
60, 99(
1,837
681
1, 15C
61, 612
1, 573
509
1, 064
65, 832
1,816
589
1,227
67, 701
1,965
633
1,332
54, 671
1,499
475
1,024
62, 394
1,829
617
1,212
56, 285
1,504
480
1,024
3,871
32, 259
468, 712
4,936
41,561
5, 406
45, 971
605, 427
5,367
532, 060
672,
5, 744
48, 877
641, 513
5, 251
42, 549
550, 550
5, 090
45, 303
646, 825
5, 321
50, 258
670, 934
4, 302
38, 559
491, 090
5,017
51, 396
701, 427
42, 768
564, 788
534,
35, 621
52, 706
508, 773
48, 718
69, 631
667, 737
57, 531
80, 422
796, 133
57, 019
84, 946
825, 300
73, 138
720, 266
51, 988
74, 75(
745, 440
53, 403
70, 591
692, 736
57, 928
78, 995
777, 332
59, 900
85, 814
851,824
48, 656
71, 778
708, 691
55, 407
77, 300
761, 577
50, 696
70, 031
690, 355
52, 583
74, 545
744, 102
1,007
191, 855
1,623
209, 986
2,040
2,427
2,442
219, 400
2,458
262, 682
2,357
293, 285
1,988
342, 592
1,317
204, 595
272,
1,514
910
979
173, 657
247,
288
51, 920
382
117, 734
171
180
196
201
New construction (unadjusted), totalt
160
188
l'l93
Q2^
r 548
!87
r 198
97
294
' 658
559
186
208
105
328
768
340
85
170
173
r
••304
'78
'125
'151
' 3, 426
3, 409
2. 423
1,301
2,433
1, 326
'600
124
368
616
123
368
986
362
321
••993
'362
'329
CONTRACT AWARDS
Construction contracts awarded in 37 States (F. W.
Dodge Corp.):
Total projects
_ _ _ _ _ .number
Total valuation
_ _ _ _ _ - _ - mil. ofdoLPublic ownership
do
Private ownership
do
Nonresidential buildings.
Projects
_ _- _ __- _. -_ number.
Floor area __
thous. of sq. f t _ _
Valuation
thous. of dol.^
Residential buildings:
Projects
number
Floor area
thous o f s q . f t
Valuation
thous. of dol
Public works:
Projects
number
Valuation _
- ... .thous. of dol.
Utilities:
Projects
number
Valuation
thous. of dol
Value of contract awards (F. R. indexes):
Total unadjusted
1947-49=100
Residential unadjusted
do
Total, adjusted
_ ___ . -do_
Residential adjusted
do
Engineering construction:
Contract awards (ENR)§
mil. of dol—
Highway concrete pavement contract awards:©
Total
thous of sq yd
A irports
do
Roads
_ _ _____
__do _
Streets and alleys
do
NEW DWELLING UNITS
( U. S. Department of Labor)
New permanent nonfarm dwelling units started:
Unadjusted:
Total, privately and publicly owned___thousands__
Privately owned, total
_ do
In metropolitan areas
_
do
Publicly owned
do
Seasonally adjusted at annual rate: 9
Privately owned, total
do
Residential construction authorized (nonfarm; housekeeping units only), all permit-issuing places:t
New dwelling units, total
thousands__
Privately financed total
do
Units in 1 -family structures _ _ __ _
do
Units in 2-family structures
do
Units in multifamily structures
do
Publicly financed, total
do
5,647
51,913
288
49, 014
656, 445
51,414
4,227
58, 456
1, 581 _
472
1, 109
4,284
41,861
463
1, 234
763
032
287, 104
2, 693
351, 895
544
70, 908
548
103, 633
502
69, 449
571
98, OS7
516
66, 897
457
98, 790
492
99, 989
396
94, 474
45P
92, 923
383
75, 650
54,815
194
216
191
205
225
251
196
213
234
257
193
216
240
251
207
227
225
236
206
233
229
243
218
244
234
254
231
253
231
256
241
263
232
254
255
264
211
237
259
277
215
241
261
288
228
266
261
297
767
934
1,439
1,437
1,161
1, 575
1,271
1,479
996
1,215
1,373
1,295
1, 085
4, 036
1,299
1,007
1,729
6,075
7,791
1, 211
4,005
6, 255
1, 480
1,820
10, 472
2,141
2,954
3,437
2,808
8,391
1,711
3, 408
2, 575
4,504
3,826
7, 624
1,379
3,272
7,821
1,206
4,301
2,314
8, 376
582
5, 485
2, 309
5,076
2,649
2,347
i 8, 691
2, 698
i 3, 639
i 2, 354
rr 7, 234
2, 700
2, 7(59
1,765
7, 289
2,134
3, 635
1, 520
75.2
73.9
52.2
1.3
95.2
93.2
69.2
2.0
107.7
106.5
78.4
1.2
108.5
107.4
76.1
1.1
116. 5
112.6
83.9
3.9
116.0
112.9
84.6
3.1
114.3
113.0
81.4
1.3
115.7
1J3.4
80. fl
2.3
110.7
110.5
80.2
.2
103.6
103. 3
75 4
1, 152. 0
1, 130. 0
1, 102. 0
1, 083. 0
1,175.0
1, 188. 0
1,211.0
1, 248. 0
1, 287. 0
66.1
64.9
55.2
2.5
7 3
1.2
95.0
93.0
79. 0
3.4
10.6
2.0
100. 2
99.1
88.2
3.2
7.7
1.1
92.3
91.3
81.5
2.9
6.8
1.0
108.1
104.2
93.0
3.0
8.2
3.9
98.1
96. 2
85.1
3.1
8.1
1.8
99.8
98.2
88.3
2.9
7.0
1.7
97. 3
95.9
86.7
2.8
6.4
1.5
94.3
94.1
84.2
2.7
7.2
.2
1,078
324,
1, 500
1,919
1,657
' 90. 6
' 89. 9
' 69. 0
88.0
87.8
65. 4
.2
1,393.0 ' 1, 478. 0 1,424.0
88.0
87.7,
77.8
2.7
7.1
.3]
r
77.4
' 76. 0
66.3
2.9
'6.8
1.4
355
' 90 0
88.6
63.4
1.4
1,381.0
1,987
117.0
116. 1
84. 7
.9
1,407.0
76.3
75 9
67.3
2.1
6 5
.3:
|
CONSTRUCTION COST INDEXES
Department of Commerce composite?
1947-49=100—
121.0
121.2
121.3
122 7
121.0
123. 4
121.7
123.1
122.7
122.6
123.0
* 123. 4!
123. 0
Aberthaw (industrial building)
1914 = 100
393
396
393
"395
396
American Appraisal Co., The:
Average, 30 cities
1913=100
585
594
585
586
591
586
589
595
599
597
598
598J
600
598
641
Atlanta
do
641
639
639
642
640
649
650
639
649
649
649 i
649
649
New York
_
_ __
do
624
624
623
624
623
625
624
629
629 !
629
629
629
629
630
522
San Francisco
_ _
do___
529
530
530
539
530
530
539
545!
550
545
545
545
551
St Louis
do
576
579
595
596
577
577
594
596
599
591
600
598
601
599
419|
Associated General Contractors (all types)
do
422
420
422
429
430
424!
431
432
432
432
432;
432
432
' Revised.
v Preliminary.
i Data includes some contracts awarded in prior months but not reported.
JRevisions for new construction (unadjusted) for 1950-1953 appear on p. 24 of the September 1954 SURVEY. Minor revisions back to 1915 for the Department of Commerce construction
cost index are shown In the May 1953 and May 1954 issues of the Construction and Building Materials Statistical Supplement.
9 Adjusted data not shown in SURVEY prior to the October 1954 issue.
§ Data for April, July, September, and December 1954 and March 195G are for 5 weeks; other months, 4 weeks.
GOata for March, June, August, and December 1954 are for 5 weeks; other months, 4 weeks.
fRevised series. These data cover nonfarm residential construction authorized in all places (both urban and rural) that require building permits; they replace the former urban-building
series which covered new dwelling units authorized in all places defined as urban in the 1940 Census.
SURVEY OF CUEEENT BUSINESS
S-8
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical FebruSupplement to the Survey
ary
April 103
1954
March
April
May
Juno
1955
July
i
DecemAugust SeptemOctober/ N«b™mber
ber
I
January
February
March
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES— Continued
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 :cf
Buildin 0 " 9
1947-49— 100
Construction 9
do
Bu. of Public Roads— Highway construction:
Composite standard mile
1946 — 100
CONSTRUCTION MATERIALS
Production of selected construction materials, index:
Unadjusted
1939 = 100
Adjusted
do __
REAL ESTATE
Home mortgages insured or guaranteed by—
Fed. Hous. Adm.: Face amount
thous. of dol__
Vet Adm • Face amount
do
Federal Home Loan Banks, outstanding advances to
member institutions
_mil. of dol
New mortgage loans of all savings and loan associations, estimated total _
thous. of dol
By purpose of loan:
Home construction
do
H ome purchase
do
\llothcrpurposes
_ _do
New nonfarm mortgages recorded ($20,000 and under),
estimated total
_ _ _
_
.mil. of dol
Nonfarm foreclosures*
number
Fire losses
thous. of dol_.
254.3
250.9
253.7
254.0
250. 7
253.7
254. 2
250.2
252. 8
255. 7
251.3
253.9
256.1
251.5
254.7
257.3
252.8
256. 2
257.9
253. 3
256. 3
258. 3
253. 7
256. 5
258. 5
253. 9
256. 8
258.2
253. 4
256. 8
258. 5
253. 8
257. 1
258.8
254. 6
257.7
258. 8
254.7
257. 9
260. 4
257 3
252 5
252 5
241.3
260. 2
257 2
252. -5
252 7
241.2
261. 0
257. 4
251 9
251. 5
241. 2
262.9
258.8
253. 1
252.6
242.2
263. 4
259. 3
253. 6
253. 9
242.4
265. 0
261.0
254. 9
255. 4
244. 7
265. 8
261. 7
255. 3
255. 5
245. 5
266.1
262.1
255. 4
255. 7
245. 9
266. 3
262. 2
255. 6
256 1
245. 9
266. 0
262.0
255. 5
256. 1
245.6
266. 2
262. 2
255. 7
256. 4
245. 9
266. 4
262. 5
256. 2
257. 4
246. 0
266. 5
262. 6
256. 3
257. 7
246. 1
254.2
248 3
254.2
248.9
253. 4
247.4
254. 5
248. 3
255. 3
249, 3
256.8
250.8
257. 0
250. 8
257.2
251.1
257.5
251.4
257.4
251. 4
257. 7
251.7
258. 4
252 4
258. 6
252.6
129 2
135. 5
129. 4
135. 8
131.3
138. 7
134.7
'141.7
135.4
142. 1
135.9
142.4
135. 9
142.5
926 434
r
129.6
130. 6
r
130. 0
137. 3
r
127 7
r
134. 4
141. 3
r
i'7 0
134.7
141.6
r
135. 0
141.8
r
135. 1
141.9
r
128 1
125 4
143.8
174.3
167.0
176.7
172. 6
173.6
174.3
164. 7
177.2
165. 6
160. 9
151.2
177.3
156. 6
188.9
175. 7
189.9
171.4
177.0
178.6
v 164. 3
» 185. 8
154,255
268, 144
161, 872
225, 681
152,886
249, 213
146, 580
269, 616
164.217
308, 931
154, 598
293, 652
150, 706
418,182
135, 743
409, 864
153,592
517, 807
182, 894
492, 850
201 281
555, 699
252 393
622, 155
677
630
613
608
675
630
659
689
708
743
867
717,
688
539, 359
710,130
731, 533
728, 369
809, 937
802, 356
840, 693
828, 170
824, 223
806, 718
852, 543
743, 693
775, 171
176, 074
219, 846
143, 439
245 604
288,212
176^ 31 4
256 844
297. 895
1 76. 794
254 361
301,497
172 511
9
348. 998
1 72, 602
288, 985
371,951
179, 757
282, 060
308,912
177, 198
283, 385
364, 267
176,571
278, 125
357. 022
171, 571
294, 531
368, 51 :J
189,491
252,192
325, 796
165, 705
264,962
339, 522
170, 687
2. 027
2, 330
69. 532
2, 086
«-2. 108
78, 163
o 122
2, 365 i
64, 087
2, 1 5C
2, 079
57. 668
2. 148
2,181
61,663
2, 267
2^224
83,881
2, 024
1 , 958
75, 26,'
85,046
1,425
1 , 976
78, 928
1r
1 , 784
2, 387
84, 821
r
1,798
2, 275
77, 933 j
r
1,804
2. 189
62,282
r
83 0>8
341,421
185, 428
1 990
2, 339
65, 533
r
r
r
136.:
142. !
566, 118
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, adjusted:!
161
165
Combined index
1947-49=100
182
165
174
167
167
178
173
181
168
169
170
2 r 165
166
173
163
174
161
Business papers
- -do
168
165
164
173
171
160
167
136
133
134
133
Magazines
do
133
137
140
144
140
141
132
128
126
2 r 154
159
182
182
159
160
Newspapers
- -do
155
164
170
160
161
156
157
130
140
144
Outdoor
do
163
146
138
143
162
132
156
152
147
138
2 r 70
66
Radio (network^
__
_do
59
60
50
55
60
53
61
60
64
56
60
234
2 r 217
Television (network)
1950-52=100
294
294
304
240
275
304
250
264
263
298
280
172.8
146.7
180.9
Tide advertising index, unadjusted
1947-49=100-168.4
180.0
191.7
149.6
140.9
188.9
158.8
159.6
131.1
130. 3
Radio advertising:
12, 205
13, 895
12,112
Cost of facilities, total
thous. of dol
11, 187
12, 267
11, 429
10, 785
9,529
10, 764
10, 950
10, 163
10, 415
9, 571
1,063
781
669
785
Automotive, incl. accessories _ .. _ do
957
857
822
834
692
693
631
1,011
721
3, 393
3, 713
2,546
Drugs and toiletries
do
3,413
2,573
3,315
3, 182
2, 576
2,492
2, 556
2,341
2. 222
2, 130
3, 136
2,798
2, 476
2.648
Foods, soft drinks, confectionery _
.-do
2, 578
2,481
2, 353
2. 361
2, 537
2, 325
2,326
2, 608
2. 453
1, 428
1, 253
Soaps, cleansers, etc
do
1,358
1, 287
1,219
1, 067
1,161
1, 254
1, 023
1, 200
1,208
1, 135
1,117
1,068
1, 161
Smoking materials
do
1,021
957
812
977
883
867
709
613
771
1,023
575
3,395
2, 911
3, 251
3,210
All other
do.
2,644
3,012
3, 043
3, 068
3,081
2,469
2,647
2, 621
2,756
Television advertising:*
26, 208
22, 944
Cost of facilities, total
do
25, 922
24, 536
25, 347
32, 075
33, 560
33, 463
31,671
22, 945
23, 669
26, 198
31, 136
2,052
2, 342
Automotive, including accessories
do
2, 476
2,331
2, 268
3, 432
1, 932
1,934
2, 837
3, 388
3, 506
3, 239
1, 969
4, 525
4, 330
Drugs and toiletries
do
4, 630
4,397
5,073
7,202
6, 721
5, 504
6, 053
7,771
5, 182
7,357
6, 891
5 087
6,010
Foods soft drinks, confectionery
do
5,702
5, 554
5, 436
6, 571
6. 735
7, 735
5, 795
7, 453
7, 339
5, 377
5, 447
2,496
3, 037
Soaps, cleansers, etc
do
2, 952
2, 996
2, 882
3, 055
3, 145
3,453
2, 484
2,798
3, 054
3, 296
3, 188
3, 175
3, 465
Smoking materials
do
3, 619
3 556
3,442
3, 559
3, 734
3,728
3,388
3, 262
3, 585
3, 510
3, 929
6, 829
All other
__
do
5,805
6,409
6. 648
5,434
4,426
5, 855
8,307
7, 610
4,348
8,278
8, 139
7,217
Magazine advertising:^
46, 191
57, 613
62, 984
Cost, total
do
60, 328
50, 324
63, 048
63, 511
36, 548
51, 787
34, 648
33, 576
45, 077
47, 479
3,039
4,657
5, 514
Apparel and accessories
____
. do. _
5, 609
3,238
4,202
814
5, 712
4,728
6, 399
3, 340
1, 856
3, 025
4, 264
5, 755
6, 329
Automotive, incl. accessories
do
5, 416
4,972
3,714
3, 262
5, 878
3, 162
3,787
4, 177
3, 714
4, 523
3,427
2,327
4, 157
4, 670
Building materials
do
3,641
1, 554
2,184
1,741
3, 236
3, 198
1, 394
859
2,303
5, 048
4,713
Drugs and toiletries
do
5, 334
5, 215
5,210
6. 195
3, 798
4, 460
3, 499
5, 795
3, 289
4, 361
4, 780
8, 164
7,437
Foods, soft drinks, confectionery.. _ „ _
_ -do
6, 953
6, 672
6, 695
8. 885
5. 999
8,477
5, 457
5,234
5, 357
7, 390
6,472
2,014
2, 694
Beer, wine, liquors
do
2,431
2, 616
2, 380
1,521
2, 005
4, 135
1, 967
3,158
1, 507
4, 568
2, 220
3,928
4, 241
Household equipment and supplies
do
2, 248
4, 862
3,259
4, 450
1, 733
4, 439
1,348
3, 005
913
2, 807
1,913
2,533
1, 526
3, 426
Household furnishings
do
3, 358
1, 762
681
1, 001
2, 510
3, 690
2, 948
1,291
1, 510
1, 726
3,179
3,788
Industrial materials
„
do
4, 044
4, 020
3, 755
2,719
4, 229
2,793
4,769
4, 303
2, 313
3, 036
3, 089
921
Soaps, cleansers, etc_
- _ __
.-do
715
976
1,273
781
515
760
456
729
810
506 i
294
1, 073
1,471
Smoking materials
_.
- _ d o _ _ 1,329
1,350
1,662
1,138
1, 691
1,087
1, 285
1, 055
1. 377
1,549
1,492
1,350
15, 491
All other
-do
13, 400
16, 196
16, 727
12, 938
9,943
17, 502
9,297
18, 390
14, 732
12, 622
14, 088
11,113
4,754
Linage total
thous. of lines
4, 551
4,131
4, 284
3, 214
3,104
4, 999
4,306
3, 864
4,656
3,283
4, 348
3,771 !
4,794
Newspaper advertising:
Linage, total (52 cities)
_ _
_ _ _ do
180, 732 216, 155 233, 264 231,644 216, 570 185, 771 199, 363 218, 909 244, 880 238, 475 229, 480 196, 204 194, 395
44 499
Classified
do
50, 024
51,778
55, 689
52, 030
54, 501
50, 193
51,050
53, 001
48, 793
50, 842
45, 160
48, 519
136, 233 166, 131 181, 486 178, 955 164, 540 135, 579 146, 362 167, 858 190, 379 189, 682 184, 320 145, 362 145, 876 |
Display, total
do
9,240
11,336
Automotive
_ _ _ _ _ -,
_
--do .
14,147
14, 647
15, 129
11.520
12, 572
10, 781
9, 760
15,617
8,074
9, 980
11,040
3, 099
Financial
do
2,457
3, 065
2, 905
2, 921
3.227
2,278
3, 179
2, 673
3, 255
3,218
4, 5K
2, 708
34, 084
General
_
do
26, 573
33, 979
34, 896
31,312
23. 952
23, 526
37, 559
28, 981
34,513
26, 038
24, 78f
27, 748
Retail
do
97, 963 117,611 130, 295 126, 506 115, 179
96. 880 109, 777 126, 444 137, 069 136, 298 146, 991 106, 081 104, 379
T
l
2 R G vised hid ^xes for Jiinuary 19 54: Busin ess papers , 164; ne\ ^spapers, L64; radio , 71; telev sion, 219.
Revised.
*> Preliminary.
Revised data for January 1954 (num ber): 1,85 3.
§ Copyrighted data; see last paragraph of headnote p. S-l.
cf Data reported at the beginning of each month ai~e shown here for t le previo us month
9 Revisions for building cost indexes for August-N ovem bet- 1950 and .1Fuly 1951 \nd for co nstructioi i cost in( lexes for .Vugust 19 50-Novennber 1952 and Maj' and Dec•ember 19 53 will be
shown later.
*New series. Mortgage foreclosures, compiled by t he Ilousii iq and Ho me Fin an ce A/iency , Home L<tan Bank Board, rer resent es< imates of the total number o f mortgag e foreclos ures in all
nonfarm areas of the U. S. Television advertising cost, (compiled Dy the Pu blishers' I i formatteri Bureau, Inc., cove rs gross t ime char£ es for ne work ad\ ertising o n major :elevision networks
(ABC, NBC, Columbia, and Du Mont).
t Revised series. 1}ata reflet3t the adc ption of • i more recent compi rison bas 3 (except 1or televis on) and a d just men ts of the r adio and television
components to cover only the network portion of these rnedia. R e visions p rior to Ja nuary 195 3 will be shown lat er.
}R svised to exclude nagazine sections c f newspa pers. Co mparable
data prior to August 1953 will be shown later.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
SURVEY OF CURRENT BUSINESS
April 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-9
1955
1954
February
March
April
May
June
July
DecemOctober NovemAugust September
ber
ber
January
February
March
DOMESTIC TRADE—Continued
PERSONAL CONSUMPTION EXPENDITURES
Seasonally adjusted quarterly totals at annual rates: t
Goods and services total
bil of dol
Automobiles and parts
Furniture and household equipment
Nondurable goods total
Clothing and shoes
oo i an a o
do
do
do
do
ao -
ges
Household operation
do
Transportation
do
230.5
233.1
234. 8
237.7
28.0
11 6
12.8
28 8
12 6
12.4
28 9
12.4
12.6
29.9
13.1
12.8
118.8
19.5
72.0
6.9
120.0
19.7
72.5
7.0
121.1
19.4
73 7
7.0
122.1
20.0
74.2
7. 1
83 6
12.0
29 0
7.2
84.3
12.1
29.3
7.2
84.8
12.2
29.5
7.3
85.7
12.3
29.8
7.3
RETAIL TRADE
All retail stores:
Estimated sales (unadjusted), total
r
12, 065
13, 540
14, 324
14, 246
14, 658
14, 390
13, 896
14, 139
14, 665
14, 531
17, 872
13, 279
do
do
do
do
4,070
2,254
2,142
112
4,768
2,771
2,644
127
4,963
2,841
2,699
143
5,020
2,832
2,695
137
5,458
3,095
2, 936
159
5,022
2,747
2,588
159
4,916
2,672
2, 526
146
4, 842
2, 536
2,399
136
4, 853
2,491
2,344
147
4, 786
2,478
2,338
141
5,614
2,824
2, 636
187
4,482
2, 645
2,532
113
do
do
do
do
do
do
652
362
290
654
482
172
690
398
292
738
542
196
695
407
288
808
587
221
739
444
296
849
620
229
758
438
319
918
686
232
733
422
310
919
687
233
730
434
296
923
707
216
740
433
307
936
706
230
812
488
325
947
704
243
836
503
333
898
652
246
1, 025
600
425
916
597
319
698
410
288
663
4-93
170
do
do
__do
do
do
do
7, 996
604
134
250
116
103
8,772
715
152
297
143
124
9,361
949
198
379
188
185
9,227
821
184
337
149
152
9, 200
852
204
326
163
159
9, 368
722
154
283
147
138
8, 980
681
133
266
154
128
9, 296
847
164
323
188
172
9,812
911
192
350
204
165
9,744
920
211
361
195
152
12, 258
1,448
354
566
313
215
8,797
693
149
284
136
125
do
do
do
do
do
394
962
3,112
2,607
800
401
1,004
3,340
2,799
870
398
1,035
3,422
2,866
903
406
1,100
3,447
2,886
955
409
1,134
3,385
2,833
989
407
1, 221
3, 689
3,121
1, 052
396
1,207
3, 374
2,828
1,026
392
1, 156
3,475
2,920
975
406
1, 139
3, 661
3,100
1,017
398
1,067
3, 452
2, 893
994
530
1, 113
3,920
3,304
1,008
420
1. 013
3,398
2, 868
949
General-merchandise group
Department stores, excl. mail-order
IVTail-ordcr (catalog sales)
Variety stores.
_
Other general-merchandise stores
Liquor stores _ _ _ _ _ _
Estimated sales (adjusted), total
Durable-goods stores _ _ _
Automotive group
_ _ _ _ _ _ _
Motor- vehicle, other auto dealers
Tire, battery, accessory dealers
do
do
do
do
do
do
do
do
do
do
do
1,142
599
82
188
273
256
13, 972
4,745
2,502
2,349
153
1,330
724
94
198
314
266
13, 900
4,858
2,738
2,595
143
1,567
863
94
249
361
266
14, 242
4,882
2,728
2,582
146
1,478
819
86
222
350
262
14, 044
4,730
2,581
2,449
132
1,514
830
96
231
358
250
14, 439
5,024
2,826
2,682
144
1,334
697
77
228
332
280
14, 272
1.543
852
103
235
353
276
14. 214
4, 798
2,564
2, 434
131
1, 686
923
107
255
401
283
4,911
2, 640
2,490
150
1,424
761
95
231
337
264
14, 150
4,770
2,571
2,430
141
H,071
4,689
2,485
2,348
137
1,821
1, 025
140
265
391
287
14, 361
4,948
2,685
2,547
138
2,850
1, 555
173
549
574
458
15, 123
5, 320
3,054
2,904
150
1,244
676
83
186
299
248
14, 864
5, 143
2,844
2. 700
143
Furniture and appliance group
Furniture, homefurnishings stores
Household-appliance, radio stores
Lumber, building, hardware group
Lumber, building-materials dealers
Hardware stores
do
do
do
do
do
do
779
453
326
849
619
230
758
433
326
784
570
214
777
440
337
781
566
215
769
436
333
800
582
217
740
423
317
818
598
220
775
447
328
846
614
231
724
415
310
864
644
219
728
426
302
867
645
222
752
444
308
875
648
227
744
448
296
905
674
231
766
475
290
909
668
241
805
488
317
879
647
232
810
496
314
836
623
213
do
do
do
do
do
do
9,228
878
199
341
177
162
9,042
807
196
308
164
140
9,360
876
200
340
182
153
9,313
822
194
330
160
138
9,415
885
207
354
179
146
9,361
855
184
348
178
145
9,380
823
178
315
190
140
9,417
820
177
311
183
149
9,382
812
173
309
175
155
9,412
823
173
330
166
154
9,803
912
188
374
177
173
r 9, 722
184
T
356
180
r
!69
9, 556
870
188
338
183
161
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
Gasoline service stations
do
do
do
do
do
416
1,099
3,396
2,831
916
410
1,049
3,362
2,831
915
416
1,105
3,366
2,835
938
410
1,102
3,434
2,872
954
412
1,128
3,434
2,860
956
403
1,141
3,443
2,887
955
404
1,107
3,497
2,927
969
410
1,106
3,570
2,992
950
407
1,085
3,522
2,966
982
411
1,070
3,494
2,944
985
413
1,070
3, 657
3,103
974
425
1, 092
3, 56(
3, 007
1,023
412
1,085
3,577
3,010
998
General-merchandise group
Department stores, excl. mail-order
Mail-order (catalog sales)
Variety stores
O ther general-merchandise stores
Liquor stores
do
do
do
do
do
do
1,528
822
100
250
357
297
1,490
806
98
226
360
289
1,606
857
104
250
394
292
1,539
840
100
234
365
270
1,581
854
103
249
374
280
1,569
862
104
250
353
277
1,576
854
101
256
364
291
1,566
849
100
257
359
283
1,565
867
98
247
353
266
1,570
870
101
258
341
266
1,669
904
107
285
374
284
1,654
902
lOh
269
377
290
1,584
849
104
254
377
277
do
do
do
22, 050
10, 480
11, 570
23, 320
10,910
12,410
23, 350
11,080
12, 270
23, 020
10, 900
12, 120
22, 130
10, 490
11,640
21, 840
10, 240
11, 600
22, 140
10,160
11,980
22, 500
9,890
12,610
22, 630
9,570
13, 060
23, 270
9,840
13, 430
20, 670
9,240
11,43(
r 20, 970
9,700
11,270
22, 010
10, 270
11, 740
do
do
do
do
do
22, 420
10, 580
3,870
1,990
2,350
22, 560
10, 490
3,810
2,010
2,310
22, 690
10, 410
3,770
1,990
2,320
22, 800
10, 500
3,820
2,020
2,320
22, 600
10, 380
3,750
2,000
2,300
22, 400
10, 190
3,670
1,920
2,290
22, 450
10, 290
3,740
1,920
2,320
22, 430
10, 230
3,660
1,930
2,340
22, 000
9,970
3,360
1,930
2,340
22, 080
10, 030
3,390
1,930
2,340
22, 090
10, 060
3,430
1,900
2,410
22, 210
10, 160
3,650
1, 850
2,330
22, 360
10, 330
3, 770
1,890
2,310
mil. of doL-
Durable-goods stores
Automotive group
Motor- vehicle, other auto dealers
Tire, battery, accessorv dealers
Furniture and appliance group
Furniture, homefurnishings stores
Household-appliance, radio stores
Lumber, building, hardware group
Lumber, building-materials dealers
Hardware stores
Nondurable-goods stores
Apparel group _ _ _ _ _
Afen's and boys' wear stores
Women's apparel, accessorv stores
Family and other apparel stores
Shoe stores
__
Drug and proprietary stores
Eating and drinking places
Food grouD
Grocery stores
Gasoline service stations
Nondurable-goods stores
Apparel group
Men's and boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores
Shoo stores
Estimated inventories:!
Unadjusted total
Durable-goods stores
Nondurable-goods stores
Adjusted total
Durable-goods stores
Automotive group
Furniture and appliance group
Lumber, building, hardware group
r
r 889
12, 762 i 14, 633
4, 503
2, 707
2, 591
116
r
r
i 3, 297
682
405
277
639
480
160
1770
8, 260
r
602
130
247
120
106
r
T
r
394
r
950
3, 253
2, 742
r
873
r
1,171
r
6ll
85
190
284
240
14, 765
1820
i 409
i 1,017
3, 535
i 2, 964
943
1
i 1,432
i 776
5, 209
2, 990
2, 841
149
12, 030
12, 050
12, 03(
12, 020
12, 190
12, 220
12, 210
12,170
12,050
12, 280
12, 300
11, 840
12, 080
Nondurable-goods stores
do
2,710
2,570
2,650
2,700
2,740
2,700
2,810
2,690
2,690
2,670
2,610
2,730
2,710
Apparel group
do
2, 350
2,380
2,310
2,370
2,300
2,290
2,570
2,530
2,580
2,590
2,490
2,420
2,440
Food group
do
3,820
3,920
3,830
3,810
3,730
3,820
3,670
3,740
3,770
3,720
3,740
3,670
3,730
General-merchandise group
do
r
1
Revised.
Advance estimate.
{Revised s eries. C uarterly estimates have been revised back to 1939; annilal data, to 1929. Revisions prior to 2d quartei• 1953 for ;he grand
total, total durable and nondurable goods, and services are sho^vn as com ponents o f gross national prod uct in tab le 5 on pp . 8 and 9 of the July 1954 Sun VEY; thos<3 for the s ubgroups appear in
•Revised £ eries. See corresponding not e on p. S-3.
the 1954 issue of the National Income Supplement.
337339°—55
SUEVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical FebruSupplement to the Survey
ary
April 1955
1954
March
April
1955
July
June
May
August
Septem- October Novem- December
ber
ber
Febru-
Janu-
ary
ary
March
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail stores— Continued
Firms with 11 or more stores:
Estimated sales (unadjusted), total
mil. ofdol
Apparel group
- - do
Men's and boys' wear stores
do
Women's apparel accessory stores
_ do _
Shoe stores
do _
Drug and proprietary stores
do _
bating and drinking places
- - do
Furniture homefurnishings stores
do
General-merchandise group
_ __ do
Department stores
-do
Dry-goods, other general-merchandise stores
mil. of dol
Variety stores
_ _ _ - do
Grocerv stores
do
Lumber building-materials dealers
do
Tire battery accessory stores
do
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 °nd drinking places
do
Furniture homefurnishings stores
do
General-merchandise group
do
Department stores
do _
Dry-goods, other general-merchandise stores
mil of dol
Variety stores
do
Grocerv 'stores
do __
Lumber building-materials dealers
do
Tire battery accessory stores
do
2,150
2,429
45
36
57
49
25
155
14
58
48
59
54
31
i 2 687
212
18
81
73
62
54
27
* 2 603
165
14
66
57
61
55
32
* 2 605
171
16
65
61
61
57
28
510
220
604
278
737
346
697
347
71
144
1,000
47
39
84
155
1,086
54
43
108
198
1,128
60
50
2,585
2,584
167
14
67
54
62
56
30
167
15
62
56
61
55
30
12,613
715
324
i 2, 255
113
10
45 .
37
57
848
385
1, 360
570
565
267
536
240 .
120
199
1,183
71
51
125
210
1,081
68
49
203
425
1,288
58
74
80
140
1,083
50
42
2, 607
168
15
64
59
63
54
30
i 2, 660
177
17
67
59
63
57
27
i 2, 798
188
18
73
62
66
57
27
i 2, 754
181
15
69
62
63
56
31
745
351
722
334
745
345
820
385
109
200
1,119
63
49
102
199
1,120
64
51
105
193
1,108
61
52
107
200
1,116
67
50
117
226
117
228
127
231
135
238
47
14
45
14
45
13
46
13
47
43
10
46
44
10
47
42
11
46
43
11
110
129
108
109
105
119
110
101
101
106
120
102
108
98
119
109
104
98
106
114
lOf
108
100
112
108
9f
99
88
lOf
97
92
88
124
112
107
114
106
107
112
107
105
117
102
101
92
115
103
95
99
106
119
108
111
111
127
105
111
104
120
113
100
102
109
122
114
111
114
<"118
126
121
228, 687
53, 131
175, 556
8,103
729
354
655
314
692
321
96
174
1 114
64
49
104
182
1 069
70
59
94
175
1,206
70
58
104
178
1,029
72
52
175
16
69
56
64
55
29
2, 595
160
14
63
53
63
54
28
i 2,619
167
16
66
54
63
55
?8
718
330
736
344
702
322
740
338
730
336
748
345
104
195
1,087
61
52
105
191
1,090
61
49
105
192
1,088
60
51
99
187
1, 120
62
48
ior
199
1,098
62
52
107
190
1,128
63
54
138
243
127
236
131
236
130
233
130
232
43
14
48
15
45
14
46
14
46
43
11
46
43
11
46
44
10
86
101
81
83
80
98
'87
83
83
89
110
86
86
82
102
90
79
85
89
'89
86
109
123
109
108
104
121
r
HO
108
102
r
109
1947-49=100..
do. .
do
do _
do
do
do
- do
do
do
do
do .
do
Sales adjusted, total U. S.J
Atlanta
Boston
Chicago
Cleveland
Dallas
Kansas Citv
Minneapolis
New York
Philadelphia
Richmond
St Louis
San Francisco
do
... do..do
do
do
do
do
do
do
do
do
do
do
Stocks, total U. S., end of month:!
Unadjusted
Adjusted
do
do
Mail-order and store sales:
Total sales 2 companies
thous. of dol
Montgomery Ward & Co
do
Sears, Roebuck & C o
- do...
WHOLESALE TRADE
Sales, estimated (unadj.), total t
mil. of doL
Durable-goods establishments
do
Nondurable-goods establishments
do _.
Inventories, estimated (unadj.), totalf
Durable-goods establishments
Nondurable-goods establishments
-
do
do _ _
__do
1
i 2, 316
126
12
48
41
60
53
23
i 2 470
131
10
55
47
60
58
29
Department stores:
Accounts receivable, end of month:
Charge accounts
1947-49=100
Installment accounts
do _
Ratio of collections to accounts receivable:
Charge accounts
percent
Installment accounts 9
do
Sales by type of payment:
Cash silos
percent of total sales
Charge account sales
do
Installment sales
do _ _
Sales, unadjusted, total U. S.t
Atlanta
Tioston
Chicago
Cleveland
Dallas
Kansas City
Minneapolis
New York
.,
,
Philadelphia
Richmond
St Louis
San Francisco
•
1
i 3, 718
296
32
119
86
92
58
32
i 2 643
139
11
58
52
63
58
28
113
10
T
116
2,628
5,475
11,914
5,947
5,967
1
1
2 652
164
15
67
54
64
55
32
1
2, 655
166
16
65
55
63
55
29
1
2 802
183
17
68
61
64
57
33
i 2, 743
186
20
71
54
61
54
32
732
355
797
380
98
184
1,077
75
49
2 598
170
13
62
63
60
57
28
2, 654
168
16
63
57
64
55
29
1
r
50:
24
73 _
144:
1,071
54 .._
42
1
2, 717'
169 .
15
66'
56
63
57 30
..
812
393
758
357
120
216
1,154
70
52
114
206
1,127
6f
55
107
197
1,164
70
55
150
249
200
277
163
276
140
268
47
14
48
13
4f
14
44
14
43
14
45
44
11
44
44
12
45
44
11
47
43
1(
45
43
12
45
43
12
112
123
115
113
105
121
114
111
106
118
141
110
114
111
135
121
122
110
200
234
200
188
192
225
201
180
184
91
!0f
90
88
87
1C"
92
'80
84
^84
v 101
P87
P81
"81
__
113
110
105
93
89
100
102
100
111
122
111
112
130
123
231
193
209
91
93
97
*90
_.
ne
137
154
133
133
134
147
130
120
132
146
153
137
13^
p 88
P 108
p82
86
82
111
97
84
73
98
115
83
98
94
115
104
99
80
108
122
102
108
98
123
109
104
100
105
115
106
114
112
129
106
110
107
127
115
103
102
109
120
122
114
111
132
107
106
105
132
118
105
101
109
117
112
115
112
131
104
108
108
127
112
105
105
107
120
110
115
107
121
109
106
101
114
107
101
102
107
115
104
110
113
138
110
111
106
129
116
106
105
105
124
112
116
114
135
110
110
109
130
lie
104
105
11]
124
115
114
117
13f
111
115
116
134
121
113
105
113
133
118
118
118
* 13"
114
114
113
135
123
r
106
112
124
120
124
v 112
P 132 ,
P109
p 109
v 109
P125
p 110
P 105
p 100
p 109'
P 119
pl!3
P115
127
120
126
121
116
122
115
124
120
124
129
125
138
124
139
124
110
124
111
123
p 117
P 121 i
278, 044
67, 406
210, 638
333, 209
83, 562
249, 647
335, 726
78, 109
257, 617
352, 655
313, 704
69, 881
243, 822
327, 837
77, 591
250, 247
345, 570
81, 298
264, 272
370, 634
88, 435
282, 199
384, 428
93, 531
290, 898
523, 056
131, 875
391, 181
266, 312
53. 456
212, 856
242,847
52, 271
190,576
9,135
8,751
8,526
9,465
3,060
6,405
9,515
9,461
9,632
3,089
6,543
9,469
2,781
3, 095
9,627
3,023
6,604
9,596
3,007
6,589
11, 553
11, 488
5,881
11, 503
11,916
11, 562
6,305
6, 102
2,928
6,207
11,843
6,053
5,790
2,902
5,849
11, 601
6,022
5,579
5,745
6,040
5, 513
81,318
271,337
5,607
2,872
6,643
5,720
5,783
2,984
6,477
11, 627
5,712
5,915
11, 752
5,642
6,110
6,374
11, 944
5,641
6, 303
5,611
5,460
r
lll
r
r
r
8, 686
2,719
5, 967
11, 738
5,651
6, 087
r
..
v 99
*>84
*>90
p 93
v 112
319 249
76,420
242,829
8,471
2,799,
5,672:
11,749
5,846!
5,903i-_
1
' Revised.
*> Preliminary.
Excludes comparatively small sales amounts for certain lines of trade also excluded from this series prior to April 1954.
9 Revised beginning 1953; not strictly comparable with earlier data.
{Data f or 1945-53 have been revised to reflect changes in seasonal factors and other minor changes. Unpublished
revisions (prior to July 1952) will be shown later.
fRevised series. See corresponding note on p. S-3.
» Revision for January 1954, adjusted, 119.
SURVEY OF CTJKKENT BUSINESS
April 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-ll
1955
1954
February
March
April
May
June
July
August
Septem- October Novem- December
ber
ber
January
February
March
EMPLOYMENT AND POPULATION
POPULATION
Population, continental United States:
Total, incl. Armed Forces overseas©
thousands. . 161, 335
161, 543
161, 762
161, 966
162, 184
162, 409
162, 667
162, 945
163, 210
163, 465
163, 699
163, 930
164, 158
164, 367
EMPLOYMENT
Noninstitutional population, estimated number 14
years of age and over, total
thousands
Total labor force, including Armed Forces
Civilian labor force, total
Employed
Agricultural employment
Nonagricultural employment
Unemployed
_ __
N o t i n labor force .
-
_ _ _ _ _ _ _ _
115,819
115, 914
115, 987
116, 083
116, 153
116 217
116 329
116 432
116 547
116 644
116 763
116 855
116 901
117 051
do
67, 139
67, 218
67, 438
67, 786
68, 788
68, 824
68, 856
68, 566
68, 190
67, 909
66, 811
66, 700
66, 550
66, 840
do
do
do
do
do
63, 725
60, 055
5,704
54, 351
3,670
63, 825
60, 100
5,875
54, 225
3,724
64, 063
60, 598
6,076
54, 522
3,465
64, 425
61,119
6,822
54, 297
3,305
65, 445
62, 098
7,628
54, 470
3,347
65 494
62, 148
7,486
54, 661
3,347
65 522
62, 277
6,928
55, 349
3,245
65 244
62 145
7, 527
54, 618
3 100
64 882
62, 141
7,239
54, 902
2,741
64, 624
61, 732
6, 154
55, 577
2,893
63 526
60 688
5 325
55, 363
2 838
63 497
60 150
5 297
54, 853
3 347
63 321
59 938
5 084
54, 854
3 383
63 654
go' 477
5 692
54, 785
3 ]7g
do _
48, 680
48, 696
48, 549
48, 297
47, 365
47, 393
47, 473
47 865
48, 357
48, 735
49 952
50 156
50 352
50 ^12
47, 880
16, 322
9,480
6,842
47, 848
16, 234
9,389
6,845
48, 068
16, 000
9, 260
6,740
47, 935
15, 836
9,152
6,684
48, 137
15, 888
9,123
6,765
47 808
15, 627
8 863
6 764
48, 045
15, 863
8 875
6,988
48
16
8
7
526
019
950
069
48, 668
16, 058
9 065
6 993
48, 827
16, 107
9 182
6 925
49 505
16 097
9*201
6 896
r 47 731
r 15 970
9 166
47 78g
•p 4g 248
P 16 265
P 9 395
•p g 870
790
103
45
252
772
102
42
237
749
98
39
220
737
99
29
213
744
100
27
214
735
100
25
202
737
98
25
207
719
89
25
205
716
90
32
203
721
93
32
204
720
92
32
204
r 714
r 94
291
98
2,356
4,039
1,244
126
701
41
554
292
99
2,415
3,992
1,215
126
700
41
555
291
101
2,535
4,008
1,206
125
700
42
556
292
103
2,634
4,008
1,216
124
699
41
557
300
104
2,729
4,032
1,229
123
699
41
563
303
105
301
105
295
105
287
104
289
103
2 795
4, 043
1 232
2 851
4,030
1 224
2 817
4,032
1 216
2 777
4,012
1 207
2 724
3,992
1,189
290
102
10, 310
2,792
7,518
1,305
1,406
818
2,044
5,380
474
330
163
6,639
10, 305
2,780
7,525
1,319
1,399
812
2,057
5,406
474
329
164
6,667
10, 496
2,762
7,734
1,409
1,420
808
2,075
5,506
488
331
171
6,699
10,375
2,746
7,629
1,339
1.416
809
2,081
5,563
502
334
171
6,701
do
do
do
do
48, 607
16, 349
9,467
6,882
48, 441
16, 262
9,364
6,898
48, 268
16, 122
9,245
6,877
do
do
do
do
do
do
do
794
2,618
4,087
10, 543
2,065
5, 490
6, 661
772
2,654
4,012
10, 552
2,067
5,488
6,634
753
2, 641
4,015
10, 524
2,075
5,506
6,632
Employees in nonagricultural establishments^
Total unadjusted (U. S. Dept. of Labor)
do
Manufacturing
_ _
do
Durable-goods industries
do
Nondurable-goods industries
. . _. . d o
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
Wholesale and retail trade
do
Wholesale trade
do
Retail trade
do
General-merchandise stores
_
do
Food and liquor stores
do
Automotive and accessories dealers
do
Finance, insurance, and real estate
do Service and miscellaneous _ __
do
Hotels and lodging places
_. .. .do
Laundries
- - _
do
Cleaning and dyeing plants
do
Government
do
Total, adjusted 9
Manufacturing
Durable-goods industries
Nondurable-goods industries
Mining
Contract construction. _
_____
Transportation and public utilities.
Wholesale and retail trade.. - _
__ __
Finance, insurance, and real estate
Service and miscellaneous
_
Government
_
122
705
41
569
121
703
41
569
10, 414
2,757
7, 657
1, 325
1,422
812
2,104
5,601
527
337
172
6,625
10, 377
2, 780
7,597
1,290
1,414
10, 350
2,781
7,569
1, 290
1,405
6,467
6,454
6 738
48, 177
16, 038
9 171
6,867
48, 102
15, 994
9 126
6, 868
47, 982
15 775
8 962
6,813
47, 945
15 733
8 910
6,823
48 054
15 789
744
2,634
4,011
10,494
2,081
5,508
6,667
740
2,624
4,016
10, 480
2,083
5,518
6 647
742
730
2,637
4,014
10 507
2,095
5 555
6 657
2 640
4,001
10 504
2,095
5 551
6 691
812
2,126
5, 638
584
338
167
810
2,126
5,634
583
332
162
2 549
3,999
1 189
120
696
41
564
120
694
41
560
119
694
41
559
10 480
2,78C
7 694
1 360
1 41*}
10, 581
2, 815
7, 766
1,410
1 428
10 782
2,844
7 938
1 531
1 438
11 400
2, 855
8 545
1 Q21
1 458
2 115
5 606
2,110
5,549
2, 108
5 511
2 109
5 479
804
516
329
163
8
Q41
6 848
715
2 633
4, 016
10 480
2,115
5 523
6 700
801
479
330
166
6 865
48
15
9
6
209
886
035
851
808
470
328
165
6 882
48
16
9
6
398
018
141
877
716
717
2 620
4,002
10 476
2,121
5 549
6 839
2 645
3,982
10 532
2,119
5 539
6 846
118
694
42
558
823
468
327
162
r g gQ4
r
r IQ 101
9 273
r g 828
r
711
r
94
31
900 —
287
98
r 9 3^3
r
3, 931
1 162
v
p
713
94
v 900
r
97
P 99
p 9 3Q8
'3,941
v 3, 970
r 10 347
2, 806
r 7 54]
r i 274
r i 429
r 807
r 2 104
r 5 425
P 10 406
p 2, 805
P 7 goi
p 1 297
P 1 432
P 812
P 2 117
P 5 4gQ
117
693
41
557
r 10 458
'2,812
r 7 640
r
I 339
r 1 426
r
806
2 098
5 423
460
326
160
6 834
6 872
P Q 919
419
038
igo
875
r 48 445
r lg 034
r Q J77
r g 857
r 48 504
r ]g J29
P 48 74g
P ] g 289
p 9 372
P g 917
71 Fi
2 gQl
r 714
r 2 586
«• 3, 978
T
10 614
2, 119
5 534
71 ^
P 7^
2 539
P 2 635
' 3, 988 p 3, 990
r
10 580 P jo 567
' 2, 125 P 2, 128
P 5 543
r g 53g
7 152
48
16
q
6
3,989
10 617
2,120
5 534
6 ' CfM
r Q O(\d
r g 865
r
6' OQO P f\ R81
Production workers in manufacturing industries: 9
12, 212
12, 449
12, 590
12, 652
Total (U. S. Dept. of Labor)
thousands. _
12, 906
12, 818
12, 437
12, 480
684 p 12. 840
12, 611
12, 697
12, 682 r 12, 556 '12,
r
6,917
6,933
Durable-goods industries.
do
7,309
p 7, 442
7,520
7,430
r 7, 223
7, 324
7,208
7,177
7, 133
7 015
7 247
7 263
117
113
137
p 104
' 104
125
112
108
Ordnance and accessories
do
165
150
120
114
110
109
Lumber and wood products (except furniture)
604
613
643
649
627
720
thousands. .
679
701
'654
P680
'667
713
697
687
324
Sawmills and planing mills
do
331
343
347
351
372
357
361
381
376
378
367
r
272
Furniture and
fixtures.
do
288
292
283
290
277
275
p 297
' 294
299
290
299
296
294
r 43g
r 430
424
434
Stone, clay, and glass products
do
427
429
427
428
427
P 441
438
439
437
437
74
74
Glass and glassware, pressed or blown do
78
78
78
78
76
78
76
76
76
75 T
Primary metal industries.
do
969
1,010
991
1,027
976
983
968
969
1,012
' 1 034 P 1 064
988
965
1 002
Blast furnaces, steel works, and rolling mills
485
502
484
511
491
thousands
483
488
481
497
487
485
493
Primary smelting and refining of nonferrous
metals
thousands__
49
48
47
48
47
48
48
45
48
48
46
48
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
864
852
809
thousands. _
840
833
831
819
820
829
844
'844
P858
845
••836
Heating apparatus (except electrical) and
89
plumbers' supplies
thousands-91
91
92
90
95
90
98
98
92
95
98
r 1 IIQ
r 1 ]9g
Machinery (except electrical)
_ _ _ _ do
1, 202
1,220
1,187
1,165
1,151
1,108
1,093
1 095
1 091
1 106
p 1 142
1 091
Electrical machinery
_
do
839
827
765
811
791
776
782
r 818
r 821
802
827
817
p 827
828
r I 388
1, 409
1,324
Transportation equipment
. _ do
1,435
1,380
1,342
1,277
1,237
1 184
1 365
1 246
1 409 P i 430
1 326
Automobiles
do_
655
637
625
594
601
561
534
478
549
667
694
633
Aircraft a n d parts _ _ _ _ _ _ _
.
do
592
596
585
575
565
570
556
559
551
549
552
550
Ship and boat building and repairs
do
122
120
116
115
111
109
102
101
102
102
101
100
Railroad equipment.
.
do
55
53
48
42
34
44
37
37
36
38
38
36
Instruments and related products.
do
224
233
229
215
220
210
214
210
213
213
213
P 215
212
212
Miscellaneous mfg. industries
do
393
389
380
374
3751
363
3781
392
*383
379
398
395
'377
••3661
' Revised, v Preliminary.
eMinor changes have been made for May 1950-October 1951. Revisions for November 1951-December 1953 will be shown later.
9 Data for employment and hours and earnings have been revised effective with the June 1954 SURVEY to adjust to the first quarter 1953 benchmark. Revisions beginning 1951 are available
upon request to the Division of Manpower and Employment Statistics, Bureau of Labor Statistics, U. S. Department of Labor, except for the estimates of employment adjusted for seasonal variation
which are available from the Board of Governors, Federal Reserve System. Beginning September 1954, the estimates of the number of employees by industry division and the number and index
of production workers in manufacturing industries (p. S-12) adjusted for seasonal variation are compiled by the U. S. Department of Labor. Bureau of Labor Statistics The BLS is currently
using the seasonal factors formerly used by the Board of Governors, Federal Reserve System.
SURVEY OF CURRENT BUSINESS
S-12
April 1955
1955
1954
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
January
February
March
EMPLOYMENT AND POPULATION—Continued
1
EMPLOYMENT— Continued
Production workers in mfg. industries?— Continued
Total (U. S. Dept. of Labor)— Continued
Nondurable-goods industries
thousands. _
Food and kindred products
do __
Meat products
- - do _ _
Dairy products
do
Canning and preserving
do -_
Bakery products
do_ __
Beverages
do
Tobacco manufactures
- -do
Textile-mill products
do
Broad-woven fabric mills
do
Knitting mills
do
Apparel and other finished textile products
thousands. _
Men's and boys' suits and coats
do
Men's and boys' furnishings and work clothing
thousands, "Women's outerwear
do
Paper and allied products
do
Pulp, paper, and paperboard mills
do
Printing, publishing, and allied industries
thousands,
Newspipors
do
Commercial printing
do
Chemicals and allied products
do
Industrial organic chemicals
do
Products of petroleum and coal
do
Rubber products
Leather and leather products
-
do
-
do
Production workers in manufacturing industries, adjusted: Q
Total
thousands
Durable-goods industries
do
Nondurable-goods industries
do
Production workers in manufacturing industries: 9
Indexes of employment:
Unadjusted
*
1947-49=100..
Adjusted
- do
Miscellaneous employment data:
Federal civilian employees (executive branched 71
United States, continental.thousands. _
Washington, D. C., metropolitan area
do
Railway employees (class I steam railways) :
Totil
thousands
Indexes:
Unadjusted
1935-39=100.Adju^ted
do
5,386
1,009
250
74
125
175
112
80
995
463
194
5,388
1,009
246
77
126
174
115
84
989
460
193
5,281
1,011
241
80
135
174
117
82
979
- 455
192
5,229
1,031
239
84
144
172
122
82
969
452
192
5, 303
1,079
247
88
165
174
127
82
981
457
197
5, 295
1, 142
246
88
225
176
133
83
953
442
192
5,516
1,224
251
85
306
174
127
102
981
452
202
5,596
1,252
257
81
332
173
122
110
987
453
204
5,519
1,169
262
77
234
175
119
110
998
453
204
5,450
1,102
264
76
171
175
118
103
992
454
204
5,419
1,054
264
73
145
173
114
100
993
458
200
1,088
122
1,101
121
1,030
110
985
105
987
108
980
107
1,050
115
1, 053
114
1, 050
110
1,053
104
271
344
437
218
275
349
436
219
268
314
433
261
287
433
218
262
284
436
220
248
296
430
217
269
317
436
219
273
312
441
220
276
305
440
218
514
143
169
536
207
178
138
203
85
339
225
517
146
168
539
204
177
137
199
85
338
226
516
146
168
534
202
]76
137
195
83
325
218
515
147
167
525
201
179
138
197
84
315
211
519
148
168
517
201
181
140
198
85
324
217
513
145
167
513
201
181
141
173
67
327
218
514
145
167
516
201
179
139
177
68
337
224
523
147
170
524
201
177
137
199
85
330
217
12, 935
7, 509
5,426
12, 840
7, 405
5, 435
12, 705
7, 295
5,41C
12, 632
7,227
5,405
12, 589
7,182
5, 407
12, 371
7,020
5, 351
12, 334
6,972
5,362
104.3
104.6
103. 6
103. 8
101.8
102. 7
100.5
102.1
100.9
101.8
98.7
100.0
2, 148. 7
206.6
2, 147. 0
206. 6
2, 141. 4
206.7
2, 134. 0
205. 7
2, 137. 6
207.7
2, 135. 4
207.4
r
r
' 5, 360 r> 5, 398
980
p981
5, 333
1, 000
256
126
168
107
91
987
460
193
'89
••995
"83
"999
1,065
111
1,061
112
'1,089
p 1, 102
276
315
440
218
271
332
438
218
269
334
M33
217
525
148
170
529
202
175
135
204
87
329
213
524
148
169
528
205
173
134
205
84
331
216
525
149
172
529
206
172
133
209
87
334
222
518
146
170
529
207
12, 388
7,007
5,381
12, 485
7,104
5,381
12, 610
7, 206
5,404
12, 618
7 223
5, 395
100. 6
99.7
102.0
100.2
102.3
100.9
102.7
101.9
102. 5
102.0
2, 130. i?
206. 4
2,115.9
204.7
2,121.3
205. 5
2,138.7
206. 0
1
2, 431. 1
209. 8
- 432
r 520
' 169
133
211
88
f 336
226
12, 619
7, 233
r 5, 386
r
101. 5
102. 0
r
206.
7
r
p 171
212
P 214
'345,
-348
12. 707 * 12. 857
p 7. 418
••7.314
5, 393 p 5, 439
r
r 102.
5
' 102. 7
1
2,116.4
207. 0
2,113.2
*>525
"^529 '""V542
r 1()9
r
P 433
p 103. S
p 103. 9
1, 059
1, 037
p 1,036
100. 9
102. 4
p98. 9
v 102. 9
P98.8
p 101.3
142. 7
' 143. 6
141.8
r 144. 0
39.9
40.4
40.5
40.2
40.8
40.7
r 40. 5
41. 1
40.7
40.2
40.9
40.0
' 40.4
Ml. 1
40.4
41.7
40.8
40.7
39.3
38.5
41.5
41.9
41.2
41.2
39.7
38.8
41.1
41.5
40.9
41.1
MO. 8
40.9
Ml. 4
Ml. 1
r 39 5
M0.(
40.8
40.8
40.5
40.5
39 2
40.3
MO. 8
p 41. 5
Ml. 4!
M0.6J
Ml. 4
Ml. 3
r 40. 6
MO. 9
37.3
37.4
37.7
38.8
r
39 1
39.5
41.2
M1.2
Ml.O
40. 4|
M2. 2
Ml. 4
P 40. 5
P 42. 7
r 40. 5
40. 6
P 40. 6
P 40. 8
1,114
1, 089
1,081
1,091
1.104
1,107
1, 099
1,092
1, 083
1,064
106.2
108. 9
103.8
106. 5
103.1
104. 8
104.1
104.5
105. 3
103.9
105. 7
103.5
104. 9
102.8
104.3
101.8
103. 4
100.0
101. 6
100. 7
140. 5
138. 4
135.0
135.1
136.6
132.3
135.1
138.4
139.5
39.6
40.2
40.0
39.5
40.0
40.2
39.0
39.7
39.7
39.3
39.9
40.0
39.6
40.0
40.1
39.4
39.7
40.1
39.7
40.1
40.1
39.7
40.1
40.1
40.1
40.2
40.1
40.4
39.6
38.6
40.0
40.6
40.1
40.4
39.6
38.0
40.2
40.6
39.1
40.1
38.3
38.0
39.9
40.5
38.8
40.4
39.0
38.4
40.9
41.2
39.6
40.4
38.8
38.8
40.8
41.7
39.5
40.3
38.4
38.3
41.5
42.2
40.6
40.7
39. 1
38.4
37.5
r
r
PAYROLLS
Manufacturing production-worker payroll index, unadjusted (U. S. Dept. of Labor) Q
1947-49=100_.
*> 147. 7
LABOR CONDITIONS
Average weekly hours per worker (U. S. Dept. of
Labor) : 9
All manufacturing industries
-hours _
Dunible-^oods industries
- do Ordnance and accessories
do
Lumber and wood products (except furniture)
hours-Furniture a n d fixtures _.
_ _ _ _ _ ...do
Stone, clay, and glass products ..
_ _ _ - d o __
Glass and glassware, pressed or blown. _ do
Primarv metal industries
do
Blast furnaces, steel works, and rolling mills
hours-Primary smelting and refining of nonferrous
Fabricated metal prod, (except ordnance, machinery, transportation equipment) _ .hours. _
Heating apparatus (except electrical) and
r
39.5
37.8
36.8
37.1
37.6
38.0
40.6
39.9
39.8
40.0
40.3
39.8
40.2
39.3
40.0
40.3
40.5
40.7
40.6
40.4
40.1
40.7
40.7
40.0
40.5
40.7
40.9
41.3
Ml. 6
41.2
39.4
40.6
39.5
40.6
40.9
40.7
39.1
38.5
39.6
39.4
40.1
40.5
39.6
39.9
39.3
40.8
39.1
38.6
39.8
39.6
39.1
40.1
39.3
39.8
39.2
40.7
38.7
38.2
39.5
39.0
40.4
40.2
39.8
40.2
40.0
40.8
39.0
38.4
39.5
39.9
40.0
40.3
40.1
40.0
39.8
40.8
37.9
36.8
39.9
40.0
40.7
40.2
40.4
40.4
40.6
40.7
38.5
38.2
40.1
40.5
40.1
40.4
40.7
41.7
42.9
41.2
38.2
39.9
40.3
40.5
MO. 2
40.9
40.5
42.5
M4. 0
41.4
••39.2
40.4
40.5
MO. 6
39.4
40.9
40.3
42.0
42.9
41.4
39.4
39.9
40.2
40.3
38.4
39.3
39.3
40.5
41.1
41.3
Machinery (except electrical) . _ _ _ _ . .-do
39.2
39.9
39.6
Electrical machinery
_ do
40.2
40.2
40.1
Transportation equipment
- do
40.4
39.5
39.5
Automobiles
-do _ _
40.5
41.2
41.0
Aircraft and parts_ __
_. ._ do
38.8
39.4
39.0
Ship and boat building and repairs. . .do
38.5
39.2
39.5
40.2
39.6
40.4 !
Instruments and related products
do
39.2
40.0
40.1
Miscellaneous mfg industries
- do
Revised.
p Preliminary.
' Includes temporary Post Office employees hired
r 40. 5
MO. 7
ML 4
MO. 8
during Christmas season; there were about 304,300 such employees in all areas.
^Effective 8 JanSl m^Tnfployees of the General Accounting Office and Government Printing Office were transferred to the legislative branch; employment in these agencies at
the end of January 1953 was as follows: Continental United States-GAO, 6,200; GPO, 7,700; Wash., D. C.-GAO, 4,600; GPO, 7,400. Also, the data beginning January 1953 exclude 1.300
employees of Howard University and Gallaudet College who are not now classified as Federal employees. In addition to the aforementioned exclusions, the January 1953 figure for Continental U S reflects a downward revision of approximately 16,000 employees based on more accurate reports from the Post Office Department. Data beginning January 1954 include
additional employees now classified as Federal employees although they are paid from funds appropriated to the District of Columbia.
SURVEY OF CURRENT BUSINESS
April 1955
S-13
1955
1954
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
February
March
April
May
June
•July
DecemOctober IsTovember
ber
August
February
January
March
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITIONS— Continued
Average weekly hours per worker, etc.— Continued
All manufacturing industries, etc. — Continued
Nondurable-goods industries 9
hours. _
Food and kindred products
do
Meat products
do
Dairv products
do
Canning and preserving
do
Bakerv products
do
Beverages
_
_ _
do
Tobacco manufactures
do
Textile-mill products
do
Broad-woven fabric mills
do
Knitting mills
do
Apparel and other finished textile products
hours. .
Men's and boys' suits and coats
do
Men's and boys' furnishings and work clothing
hours
Women's outerwear
_
_
do
Paper and allied products,- _
_ _ do
Pulp, paper, and paperboard mills
do
Printing, publishing, and allied industries
hours. _
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
Nomnarmfacturing industries: 9
Mining:
Metal
do
Anthracite
do
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production hours
Non metallic mining and quarrying
do
Contract construction
do
Nonbuilding construction
. ___ _
deBuilding construction
do
Transportation and public utilities:
Local railways and bus lines!
do
Telephone
do
Telegraph
do
Gas and electric utilities
_
do
Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking places)
hours
General-merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers.
do _ _
Service and miscellaneous:
Hotels, year-round
do
Laundries _ _ _ _ _
do
Cleaning and dyeing plants
do _..
38.9
41.4
41 0
44 6
38. 6
41.4
41. 1
38.3
37.8
37 6
36.9
39.0
41.5
41 7
44 6
39.4
41.1
41.5
37.9
37.8
37.8
36.6
39.2
41.2
40. 9
43 2
40.5
40.8
40.6
38.5
38.5
38.4
37.6
39.3
41.5
41.2
43 6
40.8
41.0
40.6
39.4
38.6
38.7
37.5
39.2
40.9
41.5
43 5
38.4
40.7
40.4
40.1
39.2
39.5
38.3
39. 5
41.3
42.8
42 4
36.6
40.6
39.9
36.9
39.9
40.3
38.5
39.7
41.4
42.8
M2 8
38.2
40.9
39. 5
••38.4
40.2
T
40. 6
'38.3
39.3
40.8
41.8
43 3
37.4
40.3
39.3
37.7
39.6
40.0
37.3
'39.6
MO. 5
*>39. 7
MO. 6
43
36.
40.
40.
36.
37.
37
35.
38.5
40.8
40 4
43 4
38.0
41 0
40.3
37 3
37.3
37 1
36.1
>-37. 1
MO. 0
p36 8
MO. 0
36. 2
35.6
34.
32.9
34.9
32 9
35.0
34.0
35.2
35. 5
36.2
35. 0
35.9
35.4
35.7
32.9
36.1
33.8
T
'36.3
36.0
36.0
35.6
'36.9
P37.3
35.9
35.7
41.9
43.3
36.1
35.9
42.1
43.4
34. 6
33.8
41.6
42.8
34.8
34. 8
42.1
43.2
35.4
33.7
42.4
43.6
35.5
34.1
42.4
43.8
36.9
35.2
42.6
43.6
36.7
34.1
42.5
43.6
36.8
33. 6
42.7
43.7
36.5
34.9
42.8
43.8
36.2
f 35. 7
42.7
' 43. 8
36.2
35.5
42.3
43.7
M2. 5
M2. 7
38.2
35.6
39.3
41.1
40.4
40.3
40.2
38.9
37.4
38.0
37.9
38.6
35.7
39.8
41.1
40 2
40. 2
40.2
38.5
36. 6
37.7
37.3
38.1
35.9
39.3
41.1
40 3
40.3
40.2
38.7
37.9
35.6
34. 9
38.2
36.1
39.1
40.9
40 5
41.2
41.0
39.7
39 4
35.4
34.5
38. 3
36.1
39.0
41.2
41 0
41.4
41.0
40 2
40.2
36.7
35.9
38.3
35.8
39.5
40.9
40 5
41.1
40.8
39.4
38.5
37.5
37.2
38.5
35.6
39.4
40.9
40 5
41.0
40.7
39. 1
37.4
37.4
36.9
38.6
36.0
39.4
41.2
40 9
41.2
40.6
39.3
38 3
36.2
35.1
38.4
36.0
39.4
41.2
40 6
40.6
40.4
40.4
39.3
35.7
34.3
38.5
36.0
39 5
41.3
40 9
40.9
40 8
41. 1
40 4
37 0
35.9
39.0
36.8
MO. 2
Ml. 4
41 0
MO. 6
T
40. 6
r
41.7
T
41 6
37. 8
r
37. 2
38 2
35.3
39.8
41.0
40 5
41.0
41.3
41.3
41.1
38.0
37.5
38.4
^38.7
41.7
29.7
32.0
40.5
25 6
29.7
39 8
26.2
28.9
40 0
25 4
30.9
40 7
36.3
33.2
40.4
29.2
30.4
40.9
33.0
33. 1
40 4
23 6
32.6
40 2
34. 1
35.3
40 7
33 7
35 6
r
T
Ml 8
35 1
37. 1
43 0
31.9
37.2
40.3
42 9
36.7
39. 8
36.0
40.2
42.9
37.0
39.7
36.4
40.2
43.4
37.0
39.3
36.5
41.3
44.5
37. 5
40. 6
36.7
40.1
44.9
38. 1
41.8
37. 1
40.6
45.2
38. 1
42 3
36.9
41.4
45.1
38.0
42.0
37.0
40.8
44.7
36 8
39.9
36 0
40.2
44.9
37. 4
40.4
36. 6
40 2
44.4
36 7
40 3
35 8
r
40 3
r
43.4
r
36 5
r
38.4
'36 0
42.0
42.3
35. 5
37.3
35.2
43.4
38.0
41.4
41.1
43.2
38.2
41.2
41.0
43.1
38.2
42.1
41.0
43.3
38 5
42. 1
41.0
43. 7
38.7
41.7
41.2
42.9
39.2
41.7
41.5
43.0
38.9
41.8
41.3
42 7
40 0
41 9
41.7
42.8
39 8
42. 1
42.0
42
39
41
41
M3
r 39
41
41
2
3
4
4
42.6
38 7
41.3
40.9
38.8
40.5
39.7
43 3
37.5
41.0
40.0
35.9
38.0
37.9
37.0
38.8
40.4
39 7
43 2
36.7
40.8
40.1
36.0
38.0
38.0
36.9
38.1
40.2
39
36.1
36.0
Ml. 3
MO. 3
v 40.6
Ml. 2
MO 5
r
*>38 5
38. 9
40.2
40.2
40 2
40 4
40.4
40.4
40 4
40 4
40 5
40 4
T 40 g
40 5
39.1
35.0
38.2
44.4
39. 1
35.2
38.3
44.4
39.1
35. 5
38.3
44. 5
38.9
34.7
38.1
44.3
39.3
35. 3
38. 8
44.4
39.8
36.2
39. 6
44.4
39.7
36.0
39.3
44.3
39.2
35.2
38.7
44 2
38.9
34.9
38.0
44.2
38.7
34 6
38.1
44 2
39.5
r
37. 1
r
38. 4
44 4
39.1
35.6
38.0
44.4
42.0
39.8
38.6
41.9
39.6
39.2
41.7
40.4
42.0
41 8
40.3
40.1
41.9
40.5
41.0
41.7
40.0
38.8
41.8
39.4
38.2
41 9
40 1
39 7
41.7
40.5
40.1
42 0
40 0
39 3
Ml 8
40 3
T
39 5
42.1
40. 1
39.4
300
130
350
180
350
180
375
230
350
140
350
130
300
170
225
70
125
30
225
50
250
90
575
370
325
80
400
05
380
125
570
07
397
373
Industrial disputes (strikes and lock-outs):
Beginning in month:
••249
225
Work stoppages
._
_
number
' 59
100
Workers involved
_
thousands
In effect during month:
MOO
375
Work stoppages- _ _ _ _ _
_ _ . _ -number
r
104
150
Workers involved
thousands
Man-days idle during month. _ _ _
_
do
1,300
r886
. 14
Ml
Percent of available working time__- _ _ U. S. Employment Service placement activities:
Nonagricultural placements
thousands..
391
333
Unemployment compensation, State laws (Bureau of
Employment Security)'
1,392
1,340
Initial claimstthousands
Insured unemployment, weekly average*
do
2,170
2,175
Benefit payments:
Beneficiaries, weekly average.- .
do
1, 864
1,953
Amount of payments
- thous ofdol
179, 284 215,650
Veterans' unemployment allowances:^
Initial claims
thousands. _
35
38
Insured unemployment, weekly average
do
78
87
Beneficiaries, weekly average
do
89
103
Amount of payments .
_.
. . thous. ofdol
8,085
L 0, 840
Labor turnover in manufacturing establishments:
Accession rate
monthly rate per 100 employees-2.5
2.8
Separation rate, total
do
3. 5
3. 7
Discharge..
_ ._.
__
do
.2
.2
2.2
2 3
Lav-off
do
Quit
_
._
do
1.0
1.0
2
Military and miscellaneous
___.._
do
.2
5
7
5
4
Ml. 2
450
200
500
230
550
280
1, 200
. 13
1,750
2, 200
3, 750
.43
550
300
3,600
.39
439
470
439
478
428
.21
.24
500
280
400
140
2 400
1 800
1 200
14
275
75
500
05
520
487
426
393
550
280
27
.21
1,442
2,18J
1,227
2, 070
1 272
1,924
1, 335
1,862
1, 157
1,692
1 123
1,580
1 100
1,466
1 194
1,463
1, 894
200 837
1,850
185 601
1 818
190 959
1,597
167, 980
1, 523
162, 653
1 414
153 737
1 299
135 299
1 223
132 089
30
82
101
29
77
94
38
79
97
34
82
97
10, 153
8, 975
9 755
9, 894
36
85
100
10, 238
28
75
92
9 444
28
65
75
7 377
34
68
73
7 520
9 38i
2.4
2.7
3.5
3.3
38
3.4
3.6
33
31
2.9
3.1
.2
1.6
1.1
.2
39
3.3
2.5
2 4
1. 1
.2
19
1.0
.2
.2
17
1. 1
3 5
.2
17
1.4
.3
1 450
1, 666
]
1 490
i 1, 962
1
1 668
1 365
153 050 i 170 575
1 672
163 09^
44
92
10r>
35
95
111
41
79
87
r IQ
198
10 224
P3.3
p2 5
p 2
p 11
P i Q
Pt2
33
30
0
2
30
'3.3
T 2 9
17
18
16
12
r 1 5
.2
16
10
1 7
.3
2
.1
1 027
' 1, 880 p 1,657
9
.2
2
10
.3
SURVEY OF CURRENT BUSINESS
S-14
April 1955
1955
1954
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
February
March
April
May
June
July
August
Septem- October Novem- December
ber
ber
January
February
March
EMPLOYMENT AND POPULATION—Continued
WAGES
Average weekly gross earnings (U. S, Department of
Labor): 9
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 glassware pressed or blown do
Primarv metal industries
do
Blast furnaces, steel works, and rolling mills
dollars
Primary smelting and refining of nonferrous
metals
dollars
Fabricated metal prod, (except ordnance, machinery, and trans, equip.)
dollars.Heating apparatus (except electrical) and
plumbers' supplies
dollars
Machinery (except electrical)
do
Electrical machinery
- do Transportation equipment
Automobiles
Aircraft and parts
Ship and boat building and repairs
Railroad equipment
Instruments and related products
Miscellaneous mfg. industries
Nondurable-goods industries
Food and kindred products
Meat products
Dairy products
Canning1 and preserving
Bakery products
Beverases
71.28
76.38
78. 40
70.71
76 00
79.19
70.20
75 43
78.21
71.13
76 21
78 80
71.68
76.40
79.40
70.92
75 83
79 80
71.06
76. 59
80.20
71.86
77.39
80.60
72.22
77.97
81.41
73.57
79.15
81.81
r 74. 12
80. 15
73. 97
80.16
81.20
r
63.76
63. 92
62. 16
70. 70
70.09
79 52
64. 40
64 96
62. 56
70.30
70 49
78 28
65. 93
65 77
61.00
70.18
68. 94
77 90
67. 03
67 23
60 53
71.10
69 81
79 49
68.71
68. 80
62. 17
70.70
69. 45
80 70
63.24
64 64
62 02
71.33
69 50
80 81
65.57
67.10
63.74
72.04
70.77
80. 64
67.47
70.06
64.46
72.85
71. 53
82.39
70.14
70.81
65.10
73.34
72. 25
82 64
68. 64
68. 89
64.62
74.39
72.91
84. 53
r 66. 91
66. 50
66.91
63. 99
73.31
r
66. 91
P 68. 06
r 66. 67
' 65. 83
r
73. 98
r 73. 08
r 85. 60
r
65. 83
73. 49
v 65. 83
v 74. 34
87. 70
p 88. 75
81.27
79.12
79.39
81 22
83 22
84.00
82.43
84.90
84. 45
87. 30
* 87. 98
89. 67
79 98
78 20
78 41
78 40
79 39
79 60
79.60
79.39
80 40
30. 60
81.00
82.21
76.33
75.95
75.39
77.33
76.92
75. 60
76.95
77. 74
78.53
79.71
' 80. 70
80.34
80.34
P 80. 34
73.10
82. 60
72. 22
73.10
82.20
71.28
70. 66
81.00
70. 56
73 28
81.61
71. 50
74.59
81.41
72.07
72.34
80.60
71. 53
75. 14
80.80
72.04
75. 20
81.81
72.98
76. 92
81.61
73.93
75. 79
82. 01
74.89
' 76. 78
75. 25
83.44
83.44
>• 83. 64
74. 52
74. 56
74.74
P 84. 87
p 74. 93
84.82
85. 72
85. 28
81.12
82.95
73.12
64. 16
84.21
84.93
84. 46
81 . 95
81.93
72.76
64. 00
84 82
87.26
83. 43
80 70
80 08
72.07
62.72
85. 67
88.34
83 84
80 94
SO 85
72 07
63. 43
84. 59
85. 28
84. 86
80 55
81. 45
72 83
63. 36
84.38
85. 06
84. 66
80. 11
80.60
72.29
62. 79
85. 63
88.00
85. 27
81.12
81.79
72.29
63. 84
86.00
89. 15
85.68
78. 83
78.02
73.82
64.40
87.26
90. 54
85.47
80. 85
82.51
74. 19
65.21
90.91
96. 53
87.34
80.22
86. 98
74. 56
65.21
93.08
»• 83. 10
91.98
96. 10
88. 60
82. 35
75. 33
66. 18
66. 09
r 75. 74
66. 58
64. 02
67. 64
73. 05
69. 71
54. 38
66. 42
76.80
64. 02
67.87
73. 05
69.12
53. 95
66. 50
77.79
62. 87
67. 54
72 68
68. 85
52. 85
67. 08
78. 57
63. 91
68. 54
74.74
69. 01
54. 72
67 65
78. 18
64. 57
69 55
75. 85
71.36
53. 27
68. 31
80. 56
64.74
69. 72
77. 98
71.81
54.77
68. 64
82. 17
64.68
67. 57
76. 07
69. 55
55. 89
68. 14
78.76
65.24
68.48
77.87
71.07
56. 30
68. 88
79.17
65. 07
68. 30
78. 02
70. 47
52. 99
68. 38
78.78
65. 97
70. 62
83. 03
68. 26
51.61
68. 21
79.00
70.79
66. 02
70. 58
' 66. 53 p 66. 70
T
P 70. 64
70. 07
81. 75
69. 34
55. 39
69. 12
78.21
70. 58
54. 98
68. 11
46. 31
52. 06
50. 03
48.84
47. 52
51. 68
50. 16
48.71
49.01
50. 46
48. 73
46. 99
49 98
51.10
48.97
47. 65
51. 71
51.41
49. 63
48.34
51. 54
51.41
49.52
47.58
49. 67
52. 36
50. 69
48.88
48. 86
52.50
51.08
49.13
49.72
53. 31
52.14
50.17
47.60
54. 66
53. 20
50.82
r 49. 92
55. 07
' 53. 59
r
50. 56
50. 52
54. 25
52. 80
49. 24
r 49. 71
49. 46
57. 96
49.59
57.32
45. 62
52 64
46.07
52. 97
46. 55
55.08
47.17
56.80
48.87
57.05
48.82
57. 35
47.84
53. 63
48. 37
55.09
>• 49. 01
r 58. 32
48. 60
58. 03
r
41 29
54 62
72.07
78 37
41 15
54. 93
72.83
78 99
39 10
49.01
71.55
77 47
39 67
49' 76
72.83
78 19
40 00
48. 53
74.20
79 79
39 76
50. 81
74.62
81 47
41.70
53.15
74.98
81.10
41.84
52.17
75. 23
81.97
41.58
50.40
76. 01
82.16
41 61
51. 65
76. 18
81 91
40 91
r 53. 55
76.01
r
82. 34
40.91
53. 61
75. 72
82. 16
85. 95
90.42
84. 50
76.86
81.20
86. 85
90.68
85. 57
76.86
81.20
86.11
92 26
84. 50
77.27
82. 62
86. 71
93 86
84. 46
86. 94
92.01
85. 72
79. 35
84. 24
87.40
91.85
85. 10
78.94
83.43
88.39
94.68
85.89
79. 52
85.07
87.94
94.32
86. 29
78.69
83. 64
88. 55
94. 32
86.90
79.71
84. 66
r 90. 09
88.24
' 97. 52
r 88. 84
r 79. 90
91.78
82. 62
86. 94
93. 50
85. 02
79.10
84. 05
84.46
83.43
90. 68
94.47
75. 47
83.03
52. 44
50. 41
90. 45
94. 47
74.31
80.89
52.40
49 98
91.08
94.87
75. 08
84. 14
49.13
46.42
93. 52
97 17
77.81
88 65
49.21
45 89
93 98
97.17
79. 60
92. 06
51. 01
47.75
94. 53
97. 51
76. 83
87.01
51.38
48.73
93.07
96.05
76.25
85. 65
51.24
48.71
95.58
97. 85
77.81
86. 18
49.96
46. 68
92.57
95.75
81.20
90. 39
49.62
45.62
93. 66
97.10
83.02
94.54
51. 06
47.39
' 92. 57
r 96. 22
* 85. 07
85.49
74.84
79.04
82 62
63.74
73. 06
81. 19
64. 45
71. 67
82 00
62.74
76.32
83. 84
96.20
83.00
83. 63
73. 58
75.39
83.85
82. 50
82.09
84. 03
56. 88
81.17
83.62
86.27
87.54
85. 06
85. 26
88.29
r 87. 78
r 89. 86
90.73
r 92. 01
92.26
90 45
74 22
93.24
90 12
94.28
90 45
75 08
92.87
89 60
94.17
94
77
94
93
94
58
88
50
79
69
90 63
78* 58
95^63
96 14
95.72
92 57
80 46
95! 63
97 29
95.20
93 98
79 83
95.38
97.44
96.20
93 02
79 57
93.84
92.97
94.32
90. 85
79.92
95.74
94.13
96. 26
90.85
78. 59
94.32
94.30
94. 15
r
do
do
do
91 08
73 79
92. 85
91 14
93.24
96. 60
74. 45
91. 95
86. 16
do
do
do
do
77.25
65. 74
73. 69
80. 97
77.33
65. 70
73. 75
80.77
77.58
66.09
75. 78
80. 77
77.94
67. 38
81 59
79.10
67.34
77.15
82.40
78.51
68. 60
77.15
83.83
78. 26
67. 69
77.33
83.43
78.14
71.60
77. 93
85. 49
78.32
72, 04
78.31
86. 94
77.78
72. 65
76. 78
85.28
r 79. 49
70. 74
77. 00
r
84. 87
do
drinking
72.36
72. 76
73. 16
73.93
73.93
74.34
74.34
74.74
74.93
74.74
T
75. 89
75.74
57 62
40. 83
61. 53
74 70
57. 18
40.48
60.80
75. 14
56. 50
40.14
61. 34
74.70
T
56. 8
57. 87
42.01
61. 18
76. 81 1
do _
do
do
do
do
- -do do
do
do
do
do
do
do
do
Tobacco manufactures
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
"Women 's outerwear
Paper and allied products
Printing,
publishing,
do
do
and
allied industries
dollars ._
do
do
do
do
Newspapers
Commercial printing
Chemicals and allied products _
Industrial organic chemicals
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
"Wnnmptnlli m ' "
1
•
'
Con tract construction
N on building construction
Building construction
Transportation and public utilities:
Local railways and bus linesj
Telephone
Telegraph
Gas and electric utilities
Wholesale and retail trade:
\Vholesale trade
Retail trade (except eating and
General-merchandise stores
Food and liquor stores
uoiiaib-
do
do
Finance, insurance, and real estate:
Banks and trust companies
do
Service and miscellaneous:
TTotels year-round
do
Laundries
_ _ ._
--do ._
Cleaning and dyeing rjlants
do
r
Revised.
v Preliminary.
9 See corresponding note on p. S-ll.
JRe vised series. See note marked "t" at bottom of p.
57 38
41. 30
60.92
76 37
58 51
42.35
62. 57
76 37
58 36
41.76
62.09
75 75
' 99. 44
87.77
88.88
r
66. 30
r
r 98. 18
r 52. 16
r
49. 10
90. 68
* 76. 38
>• 94. 54
r 89. 47
' 95. 40
p 75. 92
p 66. 91
77.42
* 54. 80
p 50. 42
p 54. 80
49. 82
p 50. 36
r 75. 65
•p 76. 43
r 89. 47
p 90. 95
r
80. 34
p 80. 12
93.89
97.88
'91.88
p 92. 57
84. 25
97.41
' 84. 05 p 82. 62
52.44
49.88
r 54. 07
87.96
79.13
76. 56
93.28
78.38
69. 27
76. 82
84. 25
56 47
56.76
57. 19
57.09
57.66
57.75
57.71
58.02
58.11
'58. 51
58. 85
39. 81
39.60
46.26
39.62
40.80
50.40
40. 13
40.30
<7.32
39.81
40.50
49.20
40.03
40.00
45.78
40. 13
39.40
45.46
40. 64
40.50
47.24
40.87
40.50
47.72
41.16
40.40
46.77
r
41.26
40. 50
4 1.38
40. 70
' 47. 01
' 92. 84 v 94. 79
79.84
56. 79
41.v»r
r 61.r
76. :-;•
r
87.38
74.77
39.90
39. 80
45 55
r
r
86. 65
55 91
40. 13
59.75
73 26
56 41
39. 91
59.82
75 75
74. 34
P 75. 30
' 80. 56 P 81 . 5.6
' 82. 22 P 83. 23
72.52
55 91
39.90
59. 59
72 82
5-13.
55 91
39. 76
59. 75
74 76
82.21
46.89
1
p 53. 52
SURVEY OF CURRENT BUSINESS
April 1055
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical FebruSupplement to the Survey
ary
S-15
1954
March
April
June
May
July
1955
August
Septem- October Novem- December
ber
ber
January
February
March
EMPLOYMENT AND POPULATION—Continued
WAGES— Continued
Average hourly gross earnings (U. S. Department of
of Labor) : 9
All manufacturing industries
dollars,Durable-goods industries
do _
Ordnance and accessories
do
Lumber and wood products (except furniture) _ _ .
dollars. _
Sawmills and planing mills.-doFurniture and fixtures
- do
Stone clav and glass products
do
Glass and glassware, pressed or blown
do
Primary metal industries
_ _ . „ . - -do _ _ . .
Blast furnaces, steel works, and rolling mills
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
Food and kindred products
Meat products
Dairy products
Canning and preserving
Bakery products
Beverages
Tobacco manufactures . .
Textile-mill products
_
_ ._ do._
do _ ..
do
do
_
do
do - .
do
__ --
_._do 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-do
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 prod
dollars
Noninetallic mining and quarrying
do
Contract construction
do
Nonbuilding construction
do
Building construction _ _
_ _ __ .. _ do .
Transportation and public utilities:
Local railways and bus linesj
--do _
Telephone do _ „
Telegraph
. . do Gas and electric utilities
do
Wholesale and retail 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 and miscellaneous:
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. per hr
Railway wages (average, class I)
do
Road-building wages common labor
do
r
1.80
1.90
1.96
1.79
1.90
1.97
1.80
1 90
1.97
1.81
1.91
1.97
1.81
1.91
1.98
1.80
1.91
1.99
1.79
1.91
2.00
1.81
1 93
2 01
1 81
1 93
2 01
1 83
1 94
2 01
1.59
1.59
1.55
1.75
1.77
2. OB
1.61
1.60
1.56
1.74
1.78
2.06
1.64
1.62
1.56
1 75
1.80
2.05
1.68
1. 66
1.56
1 76
1.79
2.07
1.68
1.67
1.57
1.75
1.79
2.08
1.55
1.55
1.57
1.77
1.81
2.11
1.58
1.59
1.57
1 77
1.81
2.10
1.67
1.68
1 58
1 79
1.82
2 14
1.69
1 69
1 58
1 78
1.82
2 13
1.67
1 66
1 58
1 81
1.86
2 14
r
r
2.15
2.15
2.14
2.16
2.19
2.24
2.21
2. 27
2.24
2.25
r
1.97
1.96
1.97
1.96
1.97
2.00
1.98
2.02
2.01
1.88
1.88
1.88
1.90
1.89
1.89
1.90
1.91
1.92
1.86
2.00
1.81
1.86
2.00
1.80
1:84
2.00
1.80
1.86
2.01
1.81
1.86
2.01
1.82
1.85
2.01
1.82
1.86
2.01
1.81
1.88
2.03
1.82
1.89
2.03
1.83
2.11
2.17
2.07
2.08
2.10
1.81
1.60
2.10
2.15
2.06
2.08
2.09
1.81
1.60
2.11
2.16
2.06
2.08
2.08
1.82
1.60
2.11
2.16
2.06
2.07
2.10
1.82
1.61
2.12
2.17
2.08
2. 06
2.11
1.83
1.60
2.12
2. 17
2.08
2.07
2.11
1.83
1.61
2.13
2 20
2.09
2.08
2.13
1.83
1.60
2.15
2.24
2.10
2.08
2.12
1.85
1.61
2.16
2.23
2.10
2.10
2.16
1.85
1.61
1.65
1.67
1.84
1.61
1.45
1.62
1.92
1.65
1.68
1.84
1.60
1.47
1.63
1.94
1.65
1.68
1.84
1.59
1.46
1.64
1.94
1.66
1.68
1.85
1.59
1.44
1. 65
1.94
1.66
1. 68
1.85
1.60
1.38
1. 65
1.96
1. 66
1.68
1.87
1. 61
1.39
1.67
1.98
1. 65
1.64
1.86
1.61
1.38
1.67
1.94
1.66
1.65
1.89
1.63
1.38
1.68
1.95
1.66
1.67
1.88
1.62
1.38
1.68
1.95
1.29
1.37
1 32
1 32
1.32
1.36
1 32
1 32
1.35
1.36
1 31
1 32
1.34
1.37
1 32
1 32
1. 35
1.36
1 32
1 31
1. 36
1. 36
I 31
1 30
1.29
1.369
13
i'so
1.24
1.36
1.32
1.31
1.24
1. 36
1.32
1.31
1 67
1 71
1 94
1 61
1 41
1 68
1 98
1 29
1.379
13
1 32
1.34
1.63
1 84
1 96
2 03!
1.64
1 63
1.631
1 64i
1 58
1 81
L 85
2 15
r 1 59
1 80
' 1. 85
2 14
v 1 85
v 1 07
v 2 04
1.64
P 1. 64
r i 59
r
1 81
P 1 59
r 2 16
p 2 17
p | gQ
2 00
2 00
2 02
1.93
1.94
1-95
1.95
P 1. 95
1
2
1
2
2
2
2
2
1
1
1 91
2 04
1 84
1 91
2 04
r 9 04
P 2 05
p ^ £5
89
03
84
18
25
12
10
18
85
61
r
2.19
2.26
2.12
2.12
2.20
1.86
1. 63
1 85
2. 19
ia^
2 20
2.241
2.14
2.09i
2.191
1. 86
1.64
P 2 22
r i g7
l 64
P 1.87
P 1. 64
1.67
1.71
1.91
1.62
1.45
1.69
1.98
1.68
1.73
1.91
1 63 1
1.47
1.69
1 971
1 68
1 73
P 1. 68
P 1.74
1.30
1.37
1.32
1.32
1.34
1-37
1.32
1.32
1.34
1.37
P 1.37
p 1.37
1.34
1 63
1. 35
1.62
1. 35
1.63
i. 35
P 1.35
r i. 78
P 1.79
r2.33
P 2 . 35
i 95
P 1.94
2. 28
P 2.28
r
1.37
1.61
1.33
1 60
1.32
1 61
1.33
1.62
1.34
1 60
1.35
1.63
1.15
1 53
1.72
1 81
2.25
2.54
2.15
1.87
2.01
1.14
1.53
1.73
1 82
2.25
2.54
2.15
1.87
2.02
1.13
1 45
1.72
1 81
2.26
2 57
2.15
1.88
2.05
1.14
1 43
1.73
1 81
2. 27
2*60
2.16
1.90
2.04
1.13
1 44
1.75
1 83
2.27
2 59
2. 18
1.92
2.05
1 12
1 49
1. 76
1 86
2.27
2 57
2 17
1.94
2 08
1.13
1 51
1.76
1 86
2.27
2 58
2.16
1.93
2.06
1.14
1.53
1.77
1.88
2.29
2. 63
2.18
1.93
2.08
1.13
1.50
1.78
1.88
2.29
2.62
2.19
1.91
2.06
1 14
1 48
1 78
1 87
2.30
2 02
2 20
1 93
2 Q7
1. 13
»• 1. 50
1.78
1.88
r
2.31
r
2. 65
'2.21
1.93
2.06
1.13
1.51)
1. 79
1.88
2-31J
2.60*
2.21
1. 93
2. 06
2.25
2.35
1.94
2.22
1.38
1.33
2.25
i. 35
1.93
2.21
1.39
1.34
2.26
2.36
1.94
2.22
1.38
1.33
2.27
2.37
1.96
2.25
1.39
1.33
2.27
2.37
1.98
2.29
1.39
1.33
2.30
2 39
1.95
2 26
1.37
1 31
2.27
2. 36
1.95
2.29
1.37
1.32
2.32
2.41
1.98
2.25
1.38
1.33
2.28
2.37
2.01
2.30
1.39
1.33
2.29
2 38
2 02
1 39
2.28
2.37
2. 04
f
2. 36
'1.38
r
1.32
2- 29
2.37!
2. 04
2.37
1-381
1.33
2.05
2.52
2.47
2.04
2.49
2.46
2.04
2.46
2.48
2.05
2.47
2.47
2.06
2. 65
2 50
2 07
2 52
2 48
2.05
2.50
2 48
2.08
2.41
2.49
2.08
2.53
2.48
2 09
2 53
2 48
2.10
' 2. 56
2.48
2.11
2.40
2.48
2.26
1.72
2.53
2 29
2. 59
2.25
1.73
2.52
2 27
2.59
2.25
1.73
2 51
2 28
2.58
2.29
1.75
2 52
2 31
2.58
2. 26
1.75
2.51
2 30
2.58
2 28
1 78
2 51
2 30
2.58
2.27
1.77
2.51
2 32
2.60
2.28
1.78
2.55
2.33
2.62
2.26
1.78
2.56
2 33
2.63
2
1
2
2
2
26
77
57
34
63
1.78
1.73
1.78
1.97
1.79
1.72
1.79
1.97
1.80
1.73
1.80
1 97
1.80
1.75
1.80
1 99
1.81
1.74
1.85
2 00
1.83
1.75
1.85
2 02
1.82
1.74
1.85
2 02
1.83
1.79
1.86
2.05
1.83
1.81
1.86
2 07
1
1
1
2
83
83
85
06
1.80
1.81
1.82
1.83
1.83
1.84
1.84
1.85
1.85
1 85
1.43
1.14
1.56
1.64
1.43
1.14
1.56
1.65
1.43
1.12
1.56
1.68
1.45
1.15
1.57
1.71
1.46
1.17
1.57
1.72
1.47
1.17
1.58
1.72
1.47
1.16
1.58
1.71
1.47
1.16
1.59
1.69
1.47
1.16
1.60
1.70
1 46
1 16
1 61
1 69
.95
.1.00
1.18
.95
1.00
1.18
.95
1.01
1.20
.96
1.00
1.18
.95
1.00
1.20
.96
1.00
1. 18
.96
1. 00
1.19
.97
1.01
1.19
.98
1.00
1.19
98
1 01
1 19
1. 945
3.095
1.944
3.100
1 947
3.100
1.964
3.112
1.979
3.133
1 997
3. 147
2 009
3.148
2. 016
3.169
2 019
3.180
1.961
1.902
.84
1.913
1 46
1.939
1.916
.87
1.932
1.51
1.919
1. 937
.75
1.944
1 58
See note marked "{" at bottom of p. S-13.
1 84
1 96
2 03
2.27)
1.37
1 61
J Revised series.
r
r
2. 25
1.36
1.62
r
Revised.
p Preliminary.
9 See corresponding note on p. S-ll.
skilled labor, $3.190.
° As of Apr. 1, 1955.
1 83
1 95
2 02
9 34
1 38
r
2.25
r
r
r
1. 76
2. 59
2. 33
2. 65
1.86
1.87
1.44
1.13
1.60
1.72
1.48
1. 18
1.61
1.73
'.99
1.01
1.19
l.Ol!
1.19
2 022
3.184
2 022
3. 186
2 022
3. 188
1.942
1.928
1 949
1 64
r
r
r
p
P 1.39
2.65:""""
1.84
1.79!
1. 86 i
2.06
r
P2.04
r i 39
2.30
1. 7f>
2 59
2 31 " " " "
1.84
1.80
1.86
2.05
r
r 2 04
"
.98
"
"
r
""
2 01<)
3 188
2 021
3 190
88
§ Rates as of Apr. 1,1955: Common labor, $:
a 85
SURVEY OF CUREENT BUSINESS
S-16
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical FebruSupplement to the Survey
ary
April 1955
1954
March
April
May
June
1955
July
DecemOctober NovemAugust September
ber
ber
January
February
March
FINANCE
BANKING
Acceptances and commercial paper outstanding:
Bankers' acceptances
mil of dol
Commercial paper 0
do
Agricultural loans and discounts outstanding of agencies supervised by the Farm Credit Adm.:
Total
mil of dol
Farm mortgage loans total
do
Federal land banks
do
Land Bank Commissioner
do
Loans to cooperatives
do
Other loans and discounts
do
Bank debits, total (345 centers) t
New York City
6 other centerscf
_
do
do
do
Federal Reserve banks, condition, end of month:
Assets, total
. _ _ _ . _
_
.mil. of dol
Reserve bank credit outstanding, total ._ do
Discounts and advances
do
United States Government securities
do
Gold certificate reserves _ _
_
_do.__
Liabilities, total
do
Deposits, total
do
Member-bank reserve balances
do
Excess reserves (estimated)
do
Federal Reserve notes in circulation
do_
Reserve ratio
percent
Federal Reserve weekly reporting member banks,
condition, Wednesday nearest end of month :J
Deposits:
Demand, adjusted
mil. of dol
Demand, except interbank:
Individuals, partnerships, and corporations
mil. of dol_ _
States and political subdivisions
do
United States Government
_ __ do
Time except interbank total
c'o
Individuals, partnerships, and corporations
mil. of doL_
States and political subdivisions.. _
do _ _
Interbank (demand and time)
do
Investments, total _ _ _ _ _ _
_ _
- -do
U. S. Government obligations, direct and guaranteed, total _ __ _ _ _ _ _
mil. ofdoL
Bills
do
Certificates
_
do
Bonds and guaranteed obligations
do
Notes
._ do _
Other securities
_
do
Loans (adjusted), 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
Other loans
do
Money and interest rates :§
Bank rates on business loans:
In 19 cities
percent
New York City
do
11
thor
rt
t r 'tips
d
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 U. S. Govt. securities:
3-month bills
do _
3-5 year taxable issues
_. do
Savings deposits, balance to credit of depositors:
New York State savings banks
mil. of dol
U. S postal savings
do
CONSUMER CREDIT (Short- and Intermediateterm)
Installment credit, total 9
Automobile paper
do
do
545
716
580
735
356
647
2,271
1 228
1,212
16
350
693
335
734
312
171,354
67,913
1 54, 759
60, 479
149,812
163,501
59, 535
141. 926
56,115
29, 341
50, 692
25, 688
350
24, 509
21, 270
623
694
563
794
609
803
319
822
325
814
2,381
1 275
1, 261
14
339
767
369
703
377
658
64, 965
33, 785
154, 848
61, 155
31, 556
151,504
58,316
149,898
152,322
31, 526
56, 744
30, 922
58, 792
30, 706
156, 843
58, 787
32, 230
50, 759
25. 642
37
25, 037
21, 239
49, 746
25, 183
184
24, 325
21, 220
49, 174
24, 696
200
24, 023
50, 035
25, 401
297
24, 381
21,079
50, 863
25, 944
398
24, 888
21, 030
50, 872
25, 885
143
24, 932
21,117
49, 778
25, 183
132
24, 271
21, 129
21,143
50, 759
20, 808
19, ,"63
672
25, 544
45.6
19,011
599
25, 588
45.8
49, 746
20, 454
18, 702
939
25, 567
46.1
49, 174
19, 805
18, 316
744
25, 566
46.5
49, 778
20, 264
18, 676
952
25, 601
46.4
50, 035
20, 373
18, 722
471
25. 706
45.7
50, 863
20, 457
18, 985
518
26, 081
45.2
616
641
33,152
31,159
50, 704
50, 089
25, 382
17?
50, 494
25, 781
245
147
24, 632
21, 278
589
747
2,368
36, 666
25,316
589
679
24,632
21,283
24,812
21, 293
1 257
1,242
15
304
808
687
762
768
769
869
713
831
703
368
662
355
696
186, 317 ' 163, 388
73,817
62, 642
38,217
33, 531
149, 718
57, 091
31, 595
178, 914
67, 242
39, 908
49, 626
24, 960
475
23, 885
49, 442
24, 769
485
23, 605
21, 032
49, 434
24, 667
391
23, 613
21, 027
50, 872
20, 371
18, 876
258
26, 253
45.1
49, 626
20, 138
581
25, 640
46.0
49, 442 1
19, 879
18, 562
"471
25, 609
46.2
49, 434
19, 806
18, 283
P 372
25, 528
46 4
873
733
2,305
1 293
1,281
13
364
648
21,033
50, 704
20, 773
19, 194
505
25, 487
46.0
50, 089
20, 898
19, 528
684
25, 472
45.9
53, 913
51, 812
54, 108
53, 930
53, 319
54, 949
54, 066
55, 043
55, 472
56, 414
58, 445
57, 639
56, 270
55, 590
54, 791
3,908
2,424
18,917
52, 824
4, 232
54, 488
54, 597
4,418
54, 715
55, 360
55, 884
3, 756
2, 605
57, 876
60,117
3,939
57, 762
19, 359
19, 941
2 597
20, 169
58,317
4,232
19, 050
54, 746
3, 939
3, 247
19, 887
57, 256
2,671
19, 124
17,771
17,854
18,304
13,040
41,300
1,146
18,520
1,078
1 2, 794
13,870
41,945
18, 337
1, 285
13, 406
42, 492
18,433
13,017
18, 041
1.129
33, 196
33, 724
2,619
34, 221
1 7, 734
994
12, 983
40, 133
32, 292
2,084
4,097
21,313
4,798
7,841
38, 722
22, 407
1,907
3,838
1,087
38, 738
40,177
30. 850
2, 076
2, 737
32,160
2,987
3,045
21,388
4, 649
7,888
39, 076
22, 763
1,758
847
811
6, 478
7, 754
6,522
7,825
1.75
2.56
4.17
3.72
3.50
3.74
4.03
1.75
2.50
4.17
1.68
2.00
3.25
3.13
.984
1.84
14, 500
2,326
28, 140
21, 582
10, 010
5, 588
1,623
4,361
4,308
21, 598
4, 530
8,017
38, 441
22,183
1,744
849
6, 553
50, 494
2,982
2,428
2. 684
21, 502
6,582
8,104
38, 324
21, 599
2,141
915
6,592
4,329
4,085
19,637
2,777
21,654
6, 674
8,221
38 950
21.884
2,379
899
6,671
904
6, 831
941
14,914
2,251
28, 666
21,717
10, 168
14, 943
2, 230
14, 993
28, 725
21, 849
10, 298
28, 736
21, 901
10, 349
2,209
45, 669
18, 806
1,154
14, 273
45, 526
18, 864
1,126
13, 651
44, 783
18, 930
1, 145
13, 402
43, 590
18, 990
1, 132
13 085
41 932
37, 106
36,902
35, 799
34, 599
1,81C
1, 633
22, 076
32, 885
1 286
1, 117
21 806
8 676
9 047
41 523
22, 707
2 483
18, 699
1,220
14, 301
46, 088
18, 555
1, 183
37, 358
2,500
2,369
23, 801
8,688
8,730
14,113
2,378
2,240
23, 936
8, 552
8,563
2,065
2, 543
2, 768
23, 391
2,551
23, 102
8,081
8,200
8,624
8,984
38, 844
21. 104
40, 114
22, 214
41, 008
22, 486
2,466
2,367
2,688
22,054
2,582
991
1,037
1,113
7,176
1,056
40, 576
9,074
8,991
40, 82f
22, 351
2,374
1, 080
7, 359
1,113
7 474
8 453
8,373
1.50
2.00
4.17
1.50
1.96
4.17
3.55
3.30
3.55
3.90
1.5C
1.90
4.17
1.50
1.79
4.17
1.50
1.79
4.17
1.25
1.31
3.00
2.88
1.25
1.31
3.00
2.88
1.25
1.31
3.00
2.88
1.75
1.31
3.00
2.88
1.33
1.47
3.00
2.88
3. or
2.88
1.38
1 69
3.00
1.007
1.80
.987
1.85
.948
1.90
1.174
1.94
1.257
2.11
1.177
2.18
1. 335
2.30
15,475
15, 558
*2,115
15, 604
p 2, 095
29 760
22, 436
10, 459
5 609
1,574
29, 518
22. 508
10, 641
5, 484
1, 550
4, 833
18, 977
8,651
19, 153
8, 688
6, 570
1, 298
2, 597
3, 355
1,108
15,112
6,997
7,949
2,189
15, 150
' 2, 172
15, 252
* 2, 1 54
28 856
21, 935
10, 365
5 287
1,642
4,641
28 975
21, 952
10, 340
5 324
1, 637
4, 651
29, 209
22,014
10, 296
7,279
3,960
2,633
8,311
.892
1.74
. 782
1.78
20, 280
56, 474
4 062
2, 534
20 329
3,956
4,223
8,205
.710
1.69
1.011
1.71
2, 320
20, 198
3,865
3, 793
20, 122
18,918
7,083
8,075
. 650
1.79
1.053
1.80
9,942
21,015
2,403
38, 495
1.25
1.33
3.00
2.88
1. 25
1.58
3.00
2.88
28, 372
21, 487
10, 002
5, 370
1,634
4,481
2,228
6,670
8,498
1.25
1. 45
3.00
2.88
1.25
1.76
3.00
2.88
28, 095
21, 426
35, 696
2, 868
2, 504
23, 654
1.25
1 . 56
3.00
2.88
1.48
2.00
3.13
3.01
27, 833
21, 381
9,919
35, 862
3, 135
2, 559
23, 515
6, 653
8, 375
37, 967
20, 798
1.50
2.00
4.17
1.50
2.08
4.17
2,272
875
6,718
7, 787
1,195
13, 791
44, 194
1.50
2.04
4.17
1.50
2.50
4.17
14, 768
21, 742
6, 680
8,271
38, 254
21, 524
2, 005
1,257
13, 772
44, 237
3.56
3.29
3 57
3.95
1.50
2.00
4.17
3.60
3.34
3.61
3.98
1.50
2.08
4.17
14, 694
2,291
3,045
2,754
19,915
6,902
7,893
7,772
14, 651
2,310
2, 091
19, 808
7,866
7,721
7,753
4,033
* 2, 137
30, 125
22, 467
10, 396
5, 668
1,616
5,443
5,413
5,367
5,294
5,328
5,398
1,614
1, 635
1,642
1,631
1,637
1,617
Repair and modernization loans
do
4,689
4,787
4,454
4,547
4,586
4,616
4,405
Personal loans
do
By type of holder:
18, 719
18, 325
18, 935
18, 192
18. 245
18, 538
18, 671
18, 731
18, 753
18, 726
18, 300
Financial institutions total
do
8, 729
8, 586
8,633
8, 714
8,722
8,783
8,763
8, 731
8, 688
8, 637
8, 755
Commercial banks
do
5,944
6,325
6,060
6, 256
6.294
6,189
6, 31 5
6,421
5,892
5,974
5,901
Sales-finance companies
do
1,270
1, 250
1,175
1, 267
1,282
1,293
1,136
1,207
1,228
1, 115
1,157
Credit unions
do
2,477
2, 494
2,491
2, 504
2, 504
2, 526
2, 588
2, 450
2,488
2,456
2, 465
Other
do
3,162
3,170
3,182
3, 226
3,532
3,295
3,282
3,189
3,179
3, 178
3,181
Retail outlets, total
_ do
1,032
1,032
1, 041
1, 063
1,098
1, 032
1,027
1,201
1,031
1, 037
1,065
Department stores
do
822
830
821
821
818
846
890
829
849
823
820
Furniture stores
do
390
390
394
389
390
366
371
379
3«G
370
368
Automobile dealers
do
942
943
928
929
943
961
1,047
963
943
998
958
Other
do
r
Revised.
* Preliminary.
©Revised to cover 11 dealers.
tRevised series. Bank debits have been revised to include additional centers and to represent debits to demand deposits; data for 1943-53 appear on p. 23 of the
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
J Revised beginning 1952 to expand coverage of the series by making a net addition of 8 banks. Revisions for January-May 1952 will be shown later.
ONet loans less loans to banks.
§ For bond yields see p. S-20.
9 Revisions for 1952 appear on p. 24 of the June 1954 SURVEY. Data beginning 1953 have recently been revised to incorporate
mation;
unpublished revisions (for January-September 1953) will be shown later.
21,038
50, 692
20, 934
19,412
591
25, 757
45.6
r
4,794
6,462
1,282
2,582
3, 459
1,158
862
397
1,042
1.38
1.68
848
404
995
September 1954 SURVEY.
more comprehensive infor-
SUEVEY OF CURRENT BUSINESS
April 1055
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-17
1955
1954
February
March
April
May
June
DecemOctober NovemAugust September
ber
ber
July
January
February
March
FINANCE—Continued
CONSUMER CREDIT (Short- and Intermediateterm)— Continued
Total outstanding, end of month— Continued
Noninstallment credit, total 9
mil. of dol
Single-payment loans
do
Charge accounts
do
Service credit
_ .
__do_
By type of holder:
Retail outlets
Service credit
Installment credit extended and repaid: t
Unadjusted:
Extended total
\utomobile paper
Other consumer-goods paper
411 other
Repaid total
. _ .
Automobile paper
Other consumer-goods paper
All other
Adjusted:
Extended, total
Automobile paper
Other consumer-goods paper ...
All other
Repaid total
Automobile paper
Other consumer-goods paper
All other
-_
6,558
2, 133
2, 682
1, 743
6,452
2,150
2, 564
1,738
6,669
2 181
2,723
1, 765
6,885
2 313
2,786
1,786
6,949
2,334
2,819
1,796
6,876
2,303
2, 773
1,800
6,835
2,312
2,734
1,789
6,921
2 335
2,807
1,779
7,023
2,377
2,892
1,754
7,195
2,407
3,042
1,746
7,658
2,420
3, 518
1,720
r
r
7, 324
2 3/1
3, 225
1,728
7,010
2,427
2,831
1,752
2, 133
2,682
1,743
2, 150
2,564
1,738
2 181
2,723
1,765
2 313
2,786
1,786
2, 334
2, 819
1,796
2,303
2,773
1,800
2 312
2,734
1,789
2 335
2,807
1,779
2,377
2,892
1,754
2,407
3,042
1,746
2 420
3,518
1,720
r o 971
do
do
3 225
1,728
2,427
2, 831
1.752
do
do
do
do
do
do
do
- do _.
1, 956
809
510
637
2,210
957
619
634
2,380
1,020
574
786
2,581
1,111
719
751
2,400
1,038
615
747
2,355
1,015
645
695
2,397
1,047
607
743
2,336
987
650
699
2,703
1,244
659
800
2,473
1,078
662
733
2,549
1,163
622
764
2,417
1,033
661
723
2,477
1,114
607
756
2,425
1,063
641
721
2,441
1,062
629
750
2,407
1,046
636
725
2,454
1,031
687
736
2,437
1,056
650
731
2,554
1,040
716
798
2,492
1,084
642
766
3 046
1,184
936
926
2, 593
1 084
666
843
2 389
1 060
616
713
2 420
997
675
748
2,416
1, 167
529
720
2,344
985
654
705
do__
do
do
do
do
do _
- do
do_
2,357
959
636
762
2,377
1,041
644
692
2,294
957
601
736
2, 456
1,053
688
715
2,358
964
644
750
2 358
1, 025
629
704
2,321
984
604
733
2 392
1,010
658
724
2,495
1,114
649
732
2 413
1,056
658
699
2,455
1,060
666
729
2 364
1,006
667
690
2,409
1,035
613
761
2 480
1,067
678
735
2,474
1,077
609
788
2 404
1,014
634
756
2,461
1,068
633
760
2 424
1, 039
652
733
2,612
1,109
677
826
2 500
1,098
631
771
2,762
1 298
679
785
2 488
1,083
643
762
2 823
1 233
788
802
2 496
1 020
684
792
2,898
1,382
660
856
2 521
1,071
680
770
6, 425
5,444
41
5, 366
859
159
13,013
11,434
44
11,866
954
149
3, 956
2, 751
52
2, 865
860
179
5,037
3,592
44
3,946
877
170
11,347
10, 644
49
10, 123
834
340
3,148
2,827
45
2,059
790
254
4,801
3,911
48
3,806
829
119
5, 280
4,951
48
4,277
8S8
117
2,887
2,639
47
1,850
850
140
4 905
4 201
52
3,791
839
224
4 217
3 742
47
3 204
801
165
4 833
4 655
48
3 638
716
430
5 954
5,427
47
4, 857
774
276
4, 707
372
345
3,568
423
5,555
588
340
3,830
797
5,296
350
383
3,691
872
5,203
249
352
3,374
1,229
7,308
1,763
376
4,663
506
4,827
213
336
3,061
1,217
6,731
332
334
3,370
2,695
5,019
541
321
3 261
897
4,857
346
349
3, 300
863
3,842
368
373
3 316
—215
6 288
1 200
'401
3 739
'947
4 942
222
379
3 176
1 166
4,831
396
365
J> 3 048
P 1, 022
274, 782
272, 536
231, 466
41, 070
2,246
270, 235
267, 823
226, 821
41, 002
2,412
271 047
268, 855
227, 806
41, 049
2, 192
273 475
271, 280
229, 913
41,367
2, 195
271, 260
268, 910
226, 681
42, 229
2,350
270, 984
268, 681
226, 528
42, 152
2,303
274, 955
272, 693
230, 214
42, 479
2,262
274 810
272 440
230, 033
42 407
2,370
278, 752
276, 400
234, 161
42, 238
2,352
278 853
276 511
234, 160
42 351
2,342
278 750 278 439
275 731 275 696
233, 1 65 233 427
4? 566
42 268
2 743
3,019
278 182
275 565
233, 517
42 047
2,617
77
77
80
80
81
21
27
29
34
34
34
04
27
33
57, 960
515
560
58, 050
602
598
58, 159
464
510
58, 189
523
628
58, 129
508
693
58, 200
546
562
58, 207
464
544
58, 242
456
507
58, 299
466
510
58, 358
557
633
58 456
742
772
58 605
602
543
58 701
614
605
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures: §
Receipts total
mil, of dol
Receipts, net
-do _ _
Customs
do
Income and employment taxes
_ do
Miscellaneous internal revenue
do
All other receipts
do
Expenditures total
Interest on public debt
Veterans' services and benefits
National security
All other expenditures
do.. do
do
*io
.- do
Public debt and guaranteed obligations:
Gross debt (direct) end of month, total
do
Interest bearing total
- -. do
Public issues
do ...
Special issues
- do
Noninterest bearing
_ _ _ __do _ _
Obligations guaranteed by U. S. Government, end
of month
mil of dol
U. S. Savings bonds:
\mount outstanding, end of month _ __ do_ _.
Sales series E through K
do
Redemptions
do
Government corporations and credit agencies:
Assets, except interagency, total
mil. of dol _
Loans receivable, total (less reserves)
do. _
To aid agriculture
do
To aid homeowners
...
. . . do _ _
Foreign loans
do
All other
- do. .. .
Commodities, supplies, and materials
do
U. S. Government securities _ . do_ _
Other securities and investments
do _ .
Land, structures, and equipment
do
All other assets. _ _ _ _
, _ .
do
Liabilities, except interagencv, total
Bonds, notes, and debentures
Other liabilities _
__. ._.,
Privately owned interest
_ _
U. S Government interest
.
-"
do
do ...
do _
do
do
58, 106
511
538
39, 313
19, 877
7,370
2,858
7,987
1,842
2,696
2,969
3,425
8, 035
2, 312
39, 602
18, 489
6,389
2,814
7,965
1,576
3,369
2,911
3, 439
8,077
3,317
40, 443
18, 603
6 527
2,818
7 968
1,567
3,709
2,988
3,433
8,061
3,649
5,944
1,025
4,920
470
32, 899
5,085
1, 052
4,033
486
34, 030
3 458
1,100
2 358
498
36 488
LIFE INSURANCE
Institute of Life Insurance;^
;
Assets, total, all U. S. life insurance companies
'.
mil. of dol
Bonds (book value), domestic and foreign, total
mil. of dol
U. S. Government
do
State, county, municipal (U. S.) „ .
_ do
Public utility (U. S.)
do
Railroad (TL S.)
do
1
Industrial and miscellaneous (IT. S.)
do
1
79, 248
79, 637
80, 095
80. 522
80, 952
81, 473
81, 921
82, 364
82, 852
83, 358
84, 068
84 912
85 324
44, 928
9,781
1,407
12, 567
3,612
14, 962
45, 051
9,661
1,446
12, 643
3,601
15,077
45, 183
9, 635
1,481
12 701
3, 624
15,076
45, 323
9 539
1,598
12 709
3 627
15, 171
45, 444
9, 343i
1,641
12 819
3,67li
15,290
45, 591
9,189
1,737
12 868
3,669
15,448
45, 691
9, 171
1,754
12 904
3,649
15, 552
45,811
9 086
1 777
13 019
3 641
15, 661
45, 992
9 024
1 806
13 076
3 696
15,813
46, 032
8 936
1 871
13 047
3*697
15, 894
46, 184
9 021
1 833
13 065
3 682
16, 002
46, 653
9 233
l'940
13 140
3 705
16, 063
46, 690
9 242
1 977
13 154
3 719
16 092
2, 756
1 715
1 036
26? 223
24 171
2 310
3 127
1 140
2. 703
2, 763
1 714
1 044
26 474
24 405
2 344
3 144
1 111
2. 798
Stocks (book value), domestic and foreign, total
>
2, 386
mil. of doL_
2,418
2. 457
2,574
2, 500
2, 533
2, 600
2,641
2,611
2,601
2,710
1,569
Preferred (U. S.)
do
1, 565
1, 592
1, 621
1, 633
1,660
1, 670
1 668
1 667
1 673
1 693
814
Common (U. S.)
do
i
849
861
896
910
875
926
963
939
929'
1 012
Mortgage loans, total ..
_
.do
23, 572
23, 769
24, 004
24,384! 24 572
24, 174
24 795
25 574
25 035
25 260
25 928
21 845
N on farm
do
21, 662
22 059
92 212
23 019
22 403
92 575
22 786
23 540
23 235
23 882
Real estate
do
i
2,052
2, 065
2 085
2 147
2 101
2 128
2 176
2 205
2 241
2 260
2 275
2,919
Policv loans and premium notes
, .do
2,947
2, 966
2,983
3, 002
3,019
3 036
3' 049
3' 061
3 075
3 087
1,047
Cash
do
1 035
1 051
1 082!
1 071!
1 120
1 098
1 094
1 141
1 076
1 200
2,344
2,349
Other assets
do
2,352
2, 359
2,450
2,390
2, 525
2, 577'
2, 603
2, 635
2, 684
T
Revised.
P Preliminary.
9 See note "9 " on page S-16.
$ For a description of these new data and for figures prior to January 1953, see the January and March 1954 issues of the FEDERAL RESERVE BULLETIN".
§ Data are on a budgetary basis.
Digitized(^Effective
for FRASER
with this issue of the SURVEY, data in detail for all companies replace those formerly shown for the 49-company series.
274 048
271 200
229, 103
42 097
2 847
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
April 1055
1955
1954
February
March
May
April
June
July
DecemOctober NovemAugust September
ber
ber
January
February
Mar
FINANCE—Continued
i
LIFE INSURANCE— Continued
Life Insurance Agency Management Association :
Insurance written (new paid-for insurance) :
2, 781
3,426
3,185
Value estimated totalj
mil of doS
418
492
467
Group and wholesale
do
516
565
539
Industrial t
do.
1,847
2, 369
2.179
Ordinarv total fcf1
do
124
155
137
New England
do
439
538
515
Middle Atlantic
- - do, .
402
505
452
East North Central
do
151
201
177
West North Central
- do.
194
249
200
South Atlantic
do
75
96
East South Central
- do.
90
168
West South Central
. . __do
216
201
60
Mountain
do
75
197
Pacific
- - do
247
Institute of Life Insurance:
Payments to policyholders arid beneficiaries, estimated total
thous. of dol_. 374, 908 461,416 408, 692
163,906 196, 916 171, 065
Death benefits
do.
40, 856
49, 479
45, 37f>
Matured endowments
- - - do.
8,573
10, 241
9, 573
Disability payments
do
35,
062
36,
458
38,
682
Annuity payments
- do.
62, 825
72.312
79, 293
Surrender valuer
do
63,
686
86,
805
73,
90S
Policy dividends
do
Life Insurance Association of America:!
''•
636,
507
'
719,
958
-617,503
Premium income (39 cos.), total
do
82, 273
87, 704
90, 562
f
78, 299
Annuities
- do_ _. " 83, 406 r 87, 719
57, 444
56. 860
66, 055
Group
- - - do. _
70, 623
85, 132
67, 571
Industrial
do
342, 761 393. 348 324, 205
Ordinarv
- - do.
%
r
3,288
602
572
2.114
141
480
440
173
251
84
184
72
251
3.140
431
521
2.188
137
495
452
184
257
87
200
75
264
3. 156
641
490
2. 025
123
440
424
177
238
84
185
76
245
2, 946
391
515
2,040
125
432
428
177
242
86
188
76
251
2, 959
487
504
1,968
112
409
418
174
233
85
188
76
240
3.074
400
563
2.111
126
449
443
175
257
87
187
83
265
10, 274
7.489
524
2.261
146
505
483
181
275
96
191
78
263
4,088
1,154
478
2, 456
150
536
522
215
286
103
233
98
297
3,056
376
503
2,177
156
519
462
178
235
87
212
81
248
3,314
616
529
2, 169
149
514
466
177
245
91
200
82
247
377, 515
158, 955
41, 410
8.804
34. 379
67. 400
66, 561
427,419
183, 689
45, 644
8.861
37, 859
71.445
79. 921
386, 791
158, 681
40. 535
9,041
39, 763
66, 530
72, 241
380, 859
168, 048
39, 247
8,648
34, 907
69, 738
60, 271
394, 119
168, 679
39, 154
8, 662
35, 608
67, 885
74, 131
371,915
151, 957
44. 863
8, 809
35,818
66, 690
63, 778
399, 965
169, 921
49, 254
8,947
38, 626
72, 863
60,35!
525, 998
207, 594
54, 241
9, 795
40, 551
71, 445
142. 372
473, 850
179, 591
58. 328
10, 588
47. 722
74, 776
102, 845
424, 607
176, 943
51.320
8, 809
38, 307
73. 883
75, 285
625, 989 r 096, 270 ' 647. 607
86, 381
88,165
90. 063
' 77. 683 r 81, 196 '96. 514
49, 621
63, 721
64, 886
74, 642
83, 043
64, 772
337, 662 380. 145 331.372
r
628, 936 * 659, 684 r 620, 866
85, 987
86, 727
87, 548
r 72, 355 ' 79, 638 T 71, 771
52, 530
58 039
55, 141
66, 241
76, 298
78, 386
335. 506 358, 982 344, 337
r
693, 603 907, 544
90, 642 102, 185
83, 558 175, 582
75, 584
70. 301
80, 033 128, 007
363, 786 431, 469
r
MONETARY STATISTICS
Gold and silver:
Gold:
21,958
Monetary stock U S
mil. ofdol
-9.9
Net release from earmark§
- do
303
Exports
thous. of dol..
1,
930
ITTI ports
do
61,800
Production reported monthly total
.
do_ _
39,
300
Africa
do
10, 900
Canada
- --do. _
4,900
United States
do
Silver:
128
Exports
- do .
5,618
Imports
. . . . do. .
.853
Price at New York
dol. per fine oz._
Production:
2 050
Canada J ,
- .
.thous. offineoz._
4,203
Mexico
- - - - do
3,
163
United States
do
Money supply:
29,
904
Currency in circulation
mil. of dol _
206, 200
Denosits and currency total
. do
2,900
Foreign banks deposits net
do
5 800
U S Government balances
do
Deposits (adjusted) and currency, total
do
Demand deposits, adjusted..
.. _ ..do
Time deposits
. do
Currency outside banks - .
__
._.do-.
Turnover of demand deposits except interbank ai'd
TJ. S. Government, annual raterf
New York City
- ratio of debits to deposits
6 other centers 9
do
338 other reporting centers
.- .
do
21.809
—65. 4
1,274
2,978
71,400
45, 200
12,900
5, 800
21,810
-34.6
1,065
2,128
21,759
—34.6
781
2, 377
21,710
-36.7
1,203
2, 712
21,713
1.8
2. 363
3,024
21,714
-9.7
788
3, 016
44, 900
13, 100
5,100
45, 400
13. 300
5. 600
13, 500
5, 600
13, 500
5,800
12, 800
5,000
227
7, 146
.853
460
9, 351
.853
262
7.727
.853
196
8, 366
. 853
1,144
9, 036
.853
233
5, 795
.853
290
6, 351
. 85:5
2. 735
2. 283
1, 997
2,787
2, 853
2 779
2, 759
3. 236
2,840
2,424
5, 453
3,117
2, 794
1,982
3. 366
2, 347
3,029
3,169
640
4,321
.853 i
i
2,036
3,416
2, 753
21, 965
-2.0
3, 975
9, 397
68, 700
42, 400
12 900
5,400
21, 969
37.5
1,088
3,517
66, 000
41, 900
12, 500
4,900
21.973
-48.4
2,004
68, 900
43, 200
13,400
5, 000
21,927
-16.9
541
3. 831
70, 000
43, 300
13, 200
6. 100
182
6, 326
.853
190
4, 843
.853
134
5, 124
.853
167
5 956
.853
2,314
2,299
3, 775
2,700
2,328
3,643
2. 510
3, 494
3 2°9
2, 704
4. 672
3. OOP
29, 707
205, 100
3,000
6,900
29, 735
206, 200
3,100
5, 800
29, 870
207, 600
3,100
6,400
29, 922
29, 985
30, 500
29. 892
30, 074
30, 509
29,789 ' 29, 817 p 29. 795
29, 929
209! 354 " 209, 100 P 210, 500 p 211, 800 p 215, 400 v 217, 300 v 218, 700 P 217, 600 p 216. 100
3, 256 p 3, 400
p
3,
200
*
3,
300
p 3, 100
* 3, 200
P 3, 400
v 3, 400
P 3, 200
7. 581
v 7, 500 p 8. 300 P 5, 900
f 5, 200
v 6, 900 f 6. 000
P 5, 000 p 5, 900
197, 400
99, 600
71,000
26, 900
195, 200
96, 700
71, 700
26, 900
197, 300
98, 600
72, 000
26. 700
198,000
98, 700
72, 500
26, 800
198,517
98, 132
73, 292
27. 093
42.7
25.5
19.2
44. 6
29.2
19.7
41.3
27.6
18.8
41.9
25. 5
18.8
44.2
26.8
19.7
r
21,908
-72. 7
852
2. 400
71,100
44, 300
13. 300
6,100
" 200, 400 P 200,300
v 100, 000 P 99, 400
r> 73, 700 P 74, 000
p 26. 800 * 26, 900
41. 6
24.9
18.8
40.0
24.8
18.5
r
* 202, 500
p 101, 200
9 74, 400
* 26, 900
v 204, 800
v 103, 100
P 74, 700
P 26, 900
40.4
25.3
19.4
39.3
23.6
18.6
r
21, 710 p 21, 719
— .8
689
3. 905
4, 800
.873
P 205. 8()()p 209, 400 P 209, 400 p 207. 000
p 104. 100 f 106, 900 P 107. 200 p 104.600
P 74, 300 v 75, 100 P 75, 400 P 75, 600
p 27, 500 P 27, 400 P 26, 800 P 26, 800
42.2
26.3
20.7
48.1
28.1
21.0
r
42.0 1
25.4
19.6 i
41.9
P26.2
P 19. 5
41.7
p 30. 1
P 19. 5
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Fed. Trade and SEC):*
Net profit after taxes, all industries
mil. of dol_.
Food and kindred products
do
Textile-mill products
- - do Lumber and wood products (except furniture)
mil. of doLPaper and allied products .
_ do
Chemicals and allied products..
do
Petroleum refining
do
Stone, clay, and glass products
_. do
Primary ii onferrous metal
_ . do ._.
Primary iron and steel
do
Fabricated metal products (except ordnance,
machinerv, and transport, equip.) . mil. of dol
Machinery (except electrical)
do
Electrical machinery
do
Transportation equipment (except motor vehicles,
etc )
mil. of dol
M"otor vehicles and parts
do
All other manufacturing industries
do
2, 595
174
32
2.922
234
16
2,658
252
29
14
114
282
543
68
99
167
42
122
303
520
135
121
185
43
116
287
505
147
106
146
84
229
173"::""::
116
253
162
113
196
146
90
291
236
110
340
265
97
191
286
::::::::;
1.302
1.298
Dividends paid (cash) , all industries
do
1,338
Electric utilities, net profit after taxes (Fed. Res.)
324
268
mil. of dol. .
266
Railways and telephone cos. (see pp. S-23 andS-24).
r
Revised.
" Preliminary.
' Revised data for January 1954 (thous. dol.): Total premium income, 664,279; annuities, 95,633.
J Revisions to be shown later are as follows: Insurance written (total, industrial, and ordinary) for 1953; premium income for 1951 and 1952; silver production for 1953.
cf Data for 1954 for total ordinary insurance written include revisions not distributed by regions.
§ Or increase in earmarked gold (—).
tRevised series, reflecting change in number of reporting banks and centers. Data for 1943-53 for Xew York City appear on p. 23 of the September 1954 SURVEY; those for other centers will
be shown later.
9 Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
* New series. Compiled jointly by the Federal Trade and Securities and Exchange Commissions. Data are estimated totals based on reports from all manufacturing corporations registered
with SEC, all nonregistered manufacturing corporations with total assets of $5,000,000 and over at the end of 1949, and a sample of nonregistered manufacturing corporations with total assets of
less than $5,000,000 at the end of 1949. Comparable data for 1951-53 appear on p. 27 of the December 1954 issue of the SURVEY.
SURVEY OF CURRENT BUSINESS
April 1955
S-19
1954
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical FebruSupplement to the Survey
ary
March
April
May
1 June
1955
DecemAugust SeptemOctober November
ber
ber
July
Janu-
Febru-
ary
ary
March
FINANCE—Continued
SECURITIES ISSUED
Commercial and Financial Chronicle:
Securities issued, by type of security, total (new
capital and refunding)
mil of dol
New capital, total _ _.._ .
._ _ _. ___ do _
Domestic, total
do
Corporate _
_
do
Federal agencies... _ _
-do __
Municipal, State, etc
do
Foreign
do
Refunding, total
do
Domestic, total _ _ .
_ _ _ _ _ _ _ _ do _
Corporate
do
Federal agencies
do
Municipal, State, etc
do
Securities and Exchange Commission:!
Estimated gross proceeds total
do
By typa of security:
Bonds and notes, total
do
Corporate
_ _ _ _ _ _ _ _do
Common stock
do
Preferred stock .
._ _
_ . do
By type of issuer:
Corporate, total- - .. _ _ _ _ do_ _ _
Manufacturing
do
Mining
_ _ _ _ _____
_
do
Public utility
do
Railroad
_
___
do
Communication
do
Real estate and financial. _
do
Noncorporate, total
_ _ ._
.do_ _ _
U S. Government
do
State and municipal..
do
New corporate security issues:
Estimated net proceeds, total
do
Proposed uses of proceeds:
New monev, total - . .
.
do __
Plant and equipment
do
Working capital. . . _ _
__
do
Retirement of securities
do
Other purposes
...---..
do
Proposed uses by major groups:
Manufacturing, total
.
. __ .do
New money
do
Retirement of securities _ _ . _ do
Mining, total __ ._ _ _ _ _. _
_do.__
New money
do
Retirement, o f securities _ _ _ _ _ _ do.,__
Public utility, total
do
New money
__ __
_ do _
Retirement of securities
do
Railroad, total _ _ - . _ _
... d o
New money
do
Retirement of securities
do
Communication, total
do
New money _ _
. . .
do
Retirement of securities _ ___ ... _ _ d o _ _ _
Real estate andfinancial,total .
do
New money
do
Retirement of securities _
do
State and municipal issues (Bond Buyer):
Long-term
thous of dol
Short-term _
,
do
830
758
745
315
1 304
1, 167
1 087
490
1 537
1 346
1 329
1 921
1 754
1 715
'859
96
45
26
731
32
282
7
579
579
396
181
2
1 706
1 311
1 311
2 151
1 298
2 131
1,991
1,077
1 224
369
30
44
2 010
893
62
59
6 230
817
264
52
1 263
437
113
61
06
783
523
855
1, 014
154
43
252
130
331
48
1, 117
464
652
1 133
308
36
275
45
192
914
508
280
443
124
15
161
13
27
16
854
546
300
268
5 414
4 61 1r
6i,
929
466
459
1,011
188
74
463
62
44
104
1, 534
557
906
2
"81
136
136
71
58
7
485
114
730
17
191
191
112
76
3
1,386
1,913
1 947
4 386
2 438
1, 297
1, 699
1,726
4 184
2 189
1
398 i
13
72
72
15
55
366
63
27
456
53
20
272
30
7
52
930
515
414
2
()
39
557
513
144
69
726
110
29
367
16
31
90
1,186
602
522
408
111
110
536
47
751 !
8
495 j
482 i
179
268
34
647
73
130
31
826
39
167
167
808
118
131
628
88
41
314
31
26
52
850
208
36
507
1
41 1
27
1,057
1,319
3, 537
2, 669
1, 381
511
735
\ 632
1 053
1 046
783
605
546
267
0
279
59
178
178
76
85
17
1 838
1 342
1 334 I
311
76
448
7
9
160
87
74
1, 237
532
72
314
43
611
64
636
o
395
395
285
96
14
1 825
1 424
1 405
795
13
597
18
401
401
179
216
1 051
$ 547
\ 366
687
667
223
o
444
20
364
364
°67
91
(\
2 544
2 386
852
Q
7
61
334
60
37
w
75
3'?
T
2 661
1 354
r
2 475
1 218
307
111
25
627
226
26
221
63
6
60
443
65
24
99
1
43
134
911
602
308
441
135
50
r
2, 034
r
742
541
448
713
616
836
1,041
1,223
437
1,001
1.117
428
996
615
434
410
590
471
614
812
858
310
210
100
91
3f
749
617
132
224
27
8(>.r»
2,M
144
102
129
48
530
373
157
404
62
427
315
159
157
52
67
152
125
17
41
39
305
291
6
32
21
9
271
193
61
45
20
25
98
98
0
266
205
5
no
222
140
47
25
20
1
218
175
39
62
26
21
54
31
20
2
187
8S
63
69
52
2
459
152
307
61
43
18
44
43
1
103
83
11
4
1
59
51
1
64
37
14
23
21
1
97
89
8
1
1
0
43
25
18
133
112
2
338
72
9
29
473
117
53
70
389
82
129
16
472
142
183
38
635
177
182
47
667
18f
325
45
52
46
107
95
0
29
28
0
362
306
46
16
14
86
76
6
39
25
12
309
237
73
31
19
204
181
8
34
32
1
501
327
173
1
305
256
21
74
61
0
442
381
60
7
7
528
507
4
71
0
40
0
9
18
17
0
269
258
0
30
23
7
7
V.
95
16
14
12
0
159
102
55
13
10
0
27
27
0
16
q
487
378
10(J
143
92
2
59
40
302
124
129
59
40
0
26
22
1
8
0
159
59
97
27
3 1C
170
129
43
18
25
2
2
0
190
54
128
735, 074
249, 648
782, 572
244, 326
854, 718
176, 741
280, 426
339, 707
300, 344
257, 554
651, 593
351,010
260* 413
615 479
45S 795
133 922
906 050
327, 572
541 449
191 ' 319
308 228
261 543
160
369
183
413
116
344
117
369
254
496
200
363
147
311
129
236
239
237
211
312
182
257
161
292
1,716
1,786
1,841
1, 857
1,926
877
1 169
1,998
2, 081
924
1,291
2 131
924
1 364
2 242
972
1 416
--1,023
2 558
r 1 gig
2 653
1,063
1 779
100. 53
100. 90
100. 39
100 74
79 71
100. 13
100 47
79 85
100. 07
100 43
78 92
99 05
99 39
79 06
98.26
117.6
127.2
117.5
126.9
99 69
117.4
99.92
127.4
99 27
117.0
126. 6
98 97
116.7
125.4
97 88
115.7
124.9
96 97
64, 498
68 903
70, 651
77 015
98, 178
99 831
155 797
150,401
115, 121
129 547
86, 843
90 703
62 600
66. 632
68 690
74 519
96 042
147 784
111 885
84 516
Qfi 368
2
30
12
26
7
0
51
40
0
22
0
88
54
0
25
0
51
18
25
414,306
438, 195
569, 850
266, 676
136
244
1,688
(2)
248
161
75
129
6
123
328
326
48
43
3
(2)
(2)
65
46
18
51
50
36
6
COMMODITY MARKETS
Volume of trading in grain futures:
Corn, _ _ _ _ _ _ _ _ _ _
Wheat -
mil. o f b u
do
213
360
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. Members
Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances
Money borrowed...
mil of dol
do
do
do
768
1,062
787
1,054
819
1,094
836
1, 186
309
838
1,173
910
1 194
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.),
total§
dollars..
100. 28
100. 64
100. 00
101. 00
100. 71
100. 62
100. 91
Domestic
do
100. 68
101. 04
101.41 100. 40
101.12
101 00
101 31
Foreign
do
77.49
78.34
77.64
78.17
77.90
78 74
78 67
Standard and Poor's Corporation:
Industrial, utility, and railroad (Al-f- issues):
116.5
117.9
Composite (17 bonds)
dol. per $100 bond..
117.5
118.1
117.0
117.8
117.5
125.4
125.6
Domestic municipal (15 bonds)
do
123.9
123.6
123.9
128.4
126.9
98.62
99.87 100. 36
U. S. Treasury bonds, taxable..
_ do
99.68
99.49
100 28
100 36
Sales:
Total, excluding U. S. Government bonds:
All registered exchanges:
83, 039
Market value
thous. of dol..
80, 038
74, 769
73, 721
73, 701
85, 991
92, 201
Face value
do
91,416 92, 499 83, 764 84 141 82 290 102 829 90 886
New York Stock Exchange:
Market value..
_
_
do
78, 470
81, 229
72, 601
72, 116
72 013
84 448
90 201
Face value
do .
88. 486
89, 996
81. 102
82. 1361 80. 225 100. 365
88. 658
r
Revised.
i Includes International Bank securities not shown separately.
- Less than $500,000.
{Revisions for 1952-February 1953 will be shown later.
§Data for bonds of the International Bank for Reconstruction and Development, not shown separately, are also included
78.96
r
348
2, 443
152 634
1^069
1 696
126*209
in computing average price of all listed bonds.
98 76
78 05
ss' 1 1 Q
124.4
97 08
SURVEY OF CURRENT BUSINESS
S-20
April 1955
1955
1954
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical FebruSupplement to the Survey
ary
March
May
April
July
June
Septem- October Novem- December
ber
ber
August
January
February
March
FINANCE—Continued
SECURITY MARKETS— Continued
Bonds— Continued
Sales— Continued
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.:
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
Stocks
Cash dividend payments publicly reported:
Total dividend payments
mil.
Finance
Manufacturing
Mining
Public utilities:
Yield (200 stocks)
Industrial (125 stocks)
Public utility (24 stocks)
Railroad (25 stocks)
Bank (15 stocks)
Insurance (10 stocks) _
._
_ __
_ .
97 202
126 487
101 100
79, 992
76 246
68 307
7,878
59 574
50 574
8 965
97 202
88, 096
9,009
126 487
118 35P
8,051
101, 096
93, 654
7,356
79, 988
73, 110
6,819
105 727
103, 608
1,445
104, 770
102, 268
1,837
IQQ 495
107 382
1,440
108 816
106, 322
1 829
109 350
107 232
1,448
108 778
106, 280
1,833
109 395
107 269
1, 453
108 965
106, 477
1,823
109 139
107,012
1,454
109, 003
106, 516
1,822
106 517
104 442
1,4^3
106 438
103, 995
1,778
105 476
103^ 351
1,456
106, 491
103, 985
1,841
104, 518
102, 427
1,433
106, 204
103, 713
1,836
3.16
3.15
3.14
3.13
3.13
3.13
3.13
3.15
3.18
3.20
2.90
3.06
3.18
3.49
2.89
3.04
3.17
3.50
2.87
3.03
3.15
3.49
2.89
3.04
3 13
3.47
2.87
3.04
3.14
3.46
2.89
3.04
3.13
3.45
2.90
3.04
3 14
3.45
2.93
3.06
3.15
3.45
2 99
3.10
3.17
3.47
3.02
3.13
3.18
3.48
3.06
3.13
3.21
3.10
3.15
3.23
3.10
3.13
3.23
3.07
3.12
3.21
3.07
3 13
3.22
3.06
3.11
3.23
3.06
3.10
3.22
3.07
3 10
3.23
3.08
3.12
3.25
3.12
3.15
3.28
3.14
3.17
3.31
2.49
2.47
2.47
2. 51
2.49
2.52
2.40
2.48
2.54
2.26
2.31
2.47
2 26
2.23
2.48
2.35
2.29
2.51
2.33
2.32
2.52
2.33
2.29
2.55
2 36
2.33
2 57
2.43
2.39
2.65
2.45
2.42
2.72
2.45
2.71
75 166
73 779
77 847
83 871
79, 181
65, 421
13, 691
75 166
64, 443
10, 629
73 779
64, 860
8,822
77 847
68 552
9,238
83 861
74, 966
8,781
107 646
105, 557
1,424
107, 346
104, 843
1,838
107 976
105, 867
1,441
107, 286
104, 782
1,839
108 356
106, 255
1,440
107, 288
104,781
1,843
105 OQ4
102'. 990
1,436
105 091
102, 577
1,849
105 582
103, 474
1,437
104 835
102, 325
1,844
3.23
3.14
3.12
3.13
2.95
3.12
3.25
3.61
2.86
3.03
3.16
3.51
2.85
3.00
3.15
3.47
2.88
3.03
3.15
3.47
3.12
3.23
3.35
3.05
3.14
3.24
3.04
3.13
3.19
2.39
2.39
2.60
2.44
2.38
2.51
6
0
0
0
o
10
76 251
5
1
5
0
0
4
4
1, 274. 5
78.7
833.1
93.9
588.3
108.0
212.5
227.6
55.8
96.7
2. 1
1, 252. 5
86.4
816. 5
94.5
525.8
130.6
149.9
2.3
339.6
68.0
170.7
4 6
1, 264. 5
93.9
822 0
93 8
594.2
114.3
211.6
6 5
256.6
75.2
104.4
1.7
1,941.0
233.5
1, 237. 8
140. 1
721.3
148.2
236.8
261.0
76.5
89.8
6.1
2.2
1.1
107.6
70.2
24.7
51.3
11
57.3
107.2
66.8
13.7
48.2
6.9
4.4
8.2
5.6
42 1
113.9
87.0
47.4
39.2
120 8
73.9
32.4
94.0
7.2
107 8
74.4
20.3
52.4
59.6
10. 1
16.8
7.1
39 0
102 6
51.2
38 3
23.7
12
55.9
7.2
2.9
7.6
4.1
38 4
100.7
55.2
37.4
23.4
16
64! 8
4.0
39.4
102.3
60.0
43.8
23.2
9.1
4.7
4.14
4.34
2.11
3.24
3.01
3.28
4.14
4.34
2.13
3.11
3.01
3.37
4.18
4.41
2.13
3.11
3.01
3.37
4.22
4.47
2.13
3.11
3.01
3.37
4.22
4.47
2.13
3.14
3.01
3.37
4.24
4.47
2.13
3.15
3.01
3. 37
4.22
4.43
2.13
3.15
3.05
3.37
4.22
4.43
2.13
3.15
3.07
3.37
4.23
4.46
2.13
3.15
3.08
3.37
4.42
4.72
2.13
3.17
3.09
3.37
4.43
4.73
2.14
3.14
3.15
3.37
4.48
4.79
2.14
3.19
3.15
3.39
4.56
4.90
2.14
3.23
3.15
3.39
4.58
4.92
2.18
3.23
3.14
3.49
do
do
do
do. .
77.85
81.98
41.42
46.80
80. 56
85.53
42.56
46.40
84.67
90.76
42.91
47.16
86.51
92.86
43.79
49.63
87.60
94.34
43.91
50.01
91.97
98.49
46.67
52.98
88.91
95. 06
45.44
50.01
94. 65
102. 88
45. 90
51.47
92.64
100. 66
44.18
52.29
100. 60
110. 13
46.33
58.38
105. 40
115. 64
47.56
64.27
106. 21
116. 83
46.94
64. 35
108. 30
118. 49
48.59
67.42
108.90
117. 61
47.97
67.42
percent-do
do
do
do
do
5.32
5.29
5.09
6.92
4.77
3.08
5.14
5.07
5.00
6.70
4.81
3.17
4.94
4.86
4.96
6.59
4.66
3.08
4.88
4.81
4.86
6.27
4.62
2.94
4.82
4.74
4.85
6.28
4.59
2.88
4.61
4.54
4.56
5.95
4.35
2.73
4.75
4.66
4.69
6.30
4.32
2.79
4.46
4 31
4.64
6.12
4.39
2.77
4.57
4.43
4.82
6.02
4.50
3.00
4.39
4.29
4.60
5.43
4.26
2.74
4.20
4.09
4.50
4.89
4.09
2.52
4.22
4. 10
4.56
4 96
4.14
2.58
4.21
4.14
4.40
4.79
4.06
2.51
4.21
4 18
4.54
4 79
3.89
2.58
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
(Standard and Poor's Corp.)
percent-Prices:
Dow-Jones & Co., Inc. (65 stocks)
dol. per share-Industrial (30 stocks) -_
do
Public utility (15 stocks)
do
Railroad (20 stocks)
do
Standard and Poor's Corporation:
Industrial, public utility, and railroad rd"
Combined index (480 stocks)
1935-39=100..
Industrial, total (420 stocks)
do
Capital goods (129 stocks)
. do
Consumers' goods (195 stocks). _ _ . ..-do _
Public utility (40 stocks) ...
do
Railroad (20 stocks)
do ..
Banks, N. Y. C. (16 stocks)
do
Fire and marine insurance (17 stocks)
do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
- mil. of dol
Shares sold
- _..
_ . _ thousands
On New York Stock Exchange:
Market value
mil. of dol
Shares sold
thousands
Exclusive of odd lot and stopped sales (N. Y.
Times)
thousands
Shares listed, New York Stock Exchange:
Market value, all listed shares
mil. ofdoLNumber of shares listed
- millions _
r
67 945
67 940
57 516
10, 362
79, 181
75, 850
62, 595
13, 102
244.1
68.9
84.2
of dol
do
do
do
TToat light and power
do
Railroad
do
Trade
do
Miscellaneous
do
Dividend rates, prices, yields, and earnings, 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
Price per share end of month (200 stocks)
Industrial (125 stocks)
Public utility (24 stocks)
Railroad (25 stocks)
-
59 575
75, 856
1.9
56.9
10.1
17.0
r
6.8
r
7.97
2.81
3.14
r
9.5
13.2
r
8.49
2.85
4 58
1.3
r
9.43
r
2 94
r
7.63
2 88
6 42
9 97
4.08
4.04
4.02
4.03
4.05
4.04
4.01
3.98
3.93
3.92
3.93
3.98
4.00
4.01
111.55
292. 13
54.39
102. 44
113.11
299.15
55.64
101.38
115.94
310.92
56. 39
102.01
120.74
322. 86
57.37
108. 62
122. 69
327. 91
57.92
110.89
127. 66
341. 27
59.43
116. 65
129. 76
346. 06
61.01
118. 29
130. 40
352. 71
61.04
116.03
131. 54
358. 30
59.43
118.41
137. 84
375. 50
60.12
126. 95
145. 81
393. 84
61.43
139. 64
147. 98
398 43
62.39
142. 45
151. 70
410 25
63.29
145. 64
152. 75
408 91
63 87
149 06
199.6
216.5
204.8
178.1
128.8
165.8
121.7
243.7
204.9
222.9
211.7
180.5
131.0
165.4
120.7
248.1
212.7
233.1
225.3
184.6
132. 5
163. 7
121.8
249. 1
219. 8
241.5
235.9
189.2
134.9
173.0
, 124.8
260.6
221.8
244.0
241.6
191.2
135.0
175.7
125.8
265.1
231.1
254.5
255.9
202.4
139.5
184. 1
131.3
283.3
236.4
260.6
257.
207.
142.
187.
135.
293.
238. 5
264.4
257.3
209.4
140.7
182.0
135.4
284.1
243. 5
271. 4
262.5
214.8
139.4
186.7
135.9
274.8
252.2
282.0
278. 5
221.2
141.4
196.7
138.0
278.5
268.8
301.9
302.7
232.2
145.1
222.4
150. 5
302.3
278.1
312.4
316.2
235.0
149.6
231.9
153.9
311.1
277.5
310.8
315 3
233.8
150 4
237.9
157. 3
312.4
1,700
60, 104
2,043
75, 234
2,173
84, 949
2,122
84, 979
2,105
88, 072
2,453
89, 573
2. 752
97, 306
2,178
81, 922
2,371
88, 329
2,987
101, 956
3, 714
135, 761
3,996
142, 277
3 547
131 480
1,458
43, 482
1,751
52, 932
1,879
62, 793
1,846
61, 746
1,823
61, 602
2,144
67, 359
2,410
70, 904
1 852
53, 201
2,031
61, 725
2,577
71, 843
3 196
93, 705
3 438
96 769
3 067
90 ' 745
264.5
296.7
296.8
228.7
' 144. 0
217.5
147.6
295.9
33, 295
44, 132
43, 867
41,913
42, 225
51, 854
56, 928
41, 232
44, 169
63, 930
76 456
74 646
60 815
124,906
2,937
129, 122
2,943
134, 586
2,967
137, 928
2,979
139, 188
3,047
145, 843
3,063
142, 284
3,071
150, 659
3,093
148, 163
3,094
160, 986
3,107
169, 149
3 174
171,155
3 208
175, 588
3 236
66 865
Revised.
*> Preliminary.
§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 shown on p. S-19.
d"Number of stocks represents number currently used; the change in the number does not affect the continuity of series.
SURVEY OF CURRENT BUSINESS
April 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical FebruSupplement to the Survey
ary
S-21
1955
1954
March
April
June
May
DecemOctober NovemAugust September
ber
ber
July
January
February
March
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY)*
Exports of goods and services, total _
mil. of dol
Military transfers under grants, net
do
Merchandise, adjusted, excluding military transactions
mil of dol
Income on investments abroad
do
Other services and military transactions
do
4,767
826
5.691
996
4,873
708
5,420
2,813
464
664
3,478
479
738
2 895
503
767
3,485
Imports of goods and services, total
Merchandise adjusted cf
Income on foreign investments in U. S
Militarv expenditures
Other services cf1
do
do
do
do
do
3 717
2 514
106
592
505
4 198
2 752
108
662
676
4 000
2 455
97
626
82°
3,898
2 574
Balance on eoods and services
do
+1, 050
+1, 493
+873
+1, 522
Unilateral transfers (net), total
Private
Government
do
do
do
-1, 356
-106
—1, 250
-1,479
-111
-1,368
-1,227
—107
—1.120
-1,212
—115
-1, 097
U. S. long- and short-term capital (net), total
Private
Government
do
do
do
-206
-328
-1-122
-408
-390
-18
01 r
—319
-508
— 508
Foreign long- and short-term capital (net)
do
+443
+239
+437
+319
Gold sales [purchases ( — )]
do
+56
+8
Errors and omissions
do
+13
+147
607
621
707
112
653
559
+4
0
+70
+164
+68
—191
FOREIGN TRADE
Indexes
Exports of U. S. merchandise: t
Quantity
Value
Unit value . _ .
Imports for consumption: t
Quantity __ _
...
Value
Unit value
._
. ._ _ _ _
Agricultural products, quantity:
Exports, U. S. merchandise, total:
Unadjusted
Adjusted
_
Total, excluding cotton:
Unadjusted
Adjusted
Imports for consumption:
Unadjusted
Adjusted
.
.
238
480
202
225
458
203
285
580
203
281
' 571
203
296
600
203
261
'526
201
••236
'470
199
'227
'452
144
398
276
153
'428
279
161
460
285
141
405
286
164
474
289
139
400
288
140
403
287
133
379
284
82
94
89
97
90
114
92
119
92
132
75
110
64
80
do
do
107
125
114
123
119
141
133
156
120
150
115
145
do
do
95
94
101
90
115
108
96
98
106
114
3,855
8,198
3,965
8,799
5,616
8,232
6,552
8,892
6,570
9,845
1936-38=100
do
do
do
do
do
1924-29=100
do
258
' 252
' 506
'514
199
201
'131
' 143
199
263
534
202
234
474
203
283
'283
158
454
286
149
420
282
70
60
102
74
103
81
110
91
92
89
97
101
109
94
150
116
147
127
146
132
133
133
81
89
78
85
80
85
78
77
81
84
91
88
99
97
6,386
9,154
6, 339
9, 133
5, 986
8, 971
7,464
9, 000
6, 655
9, 255
1,111.4 '1,263.5 ' 1, 245. 3 1,311.8
1,167.9
r
371
405
Shipping Weight
Water-borne trade:
Exports, incl reexports §
General imports
thous. of long tons
do
T
Value}
Exports, including reexports, totalf
mil of dol
By geographic regions: A
Africa
thous of dol
Asia and Oceania _.
. .do
Europe
do
Northern North America
_
do
Southern North America
do
South America
- _
do
Total exports by leading countries:A
Africa:
Egypt
do
Union of South Africa
._
do
Asia and Oceania:
Australia, including New Guinea
do
British Malaya
do
China, including Manchuria
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
Argentina.- _
.. ..
Brazil
Chile
Colombia
Cuba . .
Mexico
Venezuela.
r
.
' 1, 182. 6 ' 1, 125. 2 ' 1, 425. 6r 1, 400. 2
r
r
28, 799
40, 331
197, 716 '175,134
246, 448 r 222, 702
208, 092 'r 244, 014
130, 330 116,308
124, 558 ' 96, 948
2,724
19, 409
13, 046
2,691
0
17, 369
83, 157
7,112
' 25, 860
27, 699
' 39, 283
21, 869
3
49, 748
r
r
' 61, 813 49, 427
234, 814 -r 203, 673
306, 296 277, 81.6
256, 824 * 267, 972
166, 136 *r 132, 863
179, 020 146, 857
' 46, 763 49, 525
" 176, 915 ' 141, 806
' 250, 208 ' 228, 086
rr 220, 000 'r 215, 427
119, 583 118,891
' 162, 506' 155, 118
51,066
196, 976
378, 465
222, 382
145, 685
162, 397
47, 990
185, 281
335, 742
205, 970
132, 823
127, 460
3,073
18, 808
3. 967
18, 943
4,101
16, 564
3,618
25, 200
18, 323
17, 574 ' 17, 886
14, 734
14, 986
14, 383
18, 838
11, 685
21, 599
18, 260
3,292
2,447
1,926
2, 262
2, 857
2,412
3,579
2,276
2,275
3,154
4 r
0
0 r
2
0
0 r
0
0
0
0
13, 289 r 24, 728
21, 360
13, 478 r' 17, 132
12, 950
12, 782
12, 547
16, 945
21,800
73, 709 ' 79, 304 " 62, 357 r 56, 556
43, 982
32, 024 ' 32, 147 ' 40, 987 ' 44, 043 53, 882
3, 032
5,925
8,740
5,189
4,657
7,126
4,396
4, 067
8,317
5, 342
25, 857 r 35, 086 r 26, 473
22, 876 ' 23, 425 29, 897
31,348
26, 559
23. 878
32, 531
15, 4*50
2 755
' 4, 019 ' 3, 452 r 3,429
28, 524 ' 21, 528 21,335
20, 338 'r 31, 715 Tr
45, 149
44, 650
15, 627
27, 906
2
2
39, 838
44, 649 r
r
r
25, 373
39, 657
26. 955
1
46, 351
' 208, 086 •-244,011 ' 256, 818 r 267, 969
..do. _- r 243, 904 ' 203, 768 ' 326, 580 264, 629
7, 748
4,594
8, 183
6, 058
do
31, 824
23, 334 ' 46 771 r 40, 834
do
7,911
4,580
5,083
5,494
do
' 22, 742
' 34, 259
' 56, 925
' 41, 330
59, 854
182, 021
292, 509
243, 068
123, 846
151, 344
T
' 45, 632
173,164
352, 816
242, 034
139, 929
155, 606
r
do
do
do
do
1, 473. 4 '1,291.0 ' 1, 155. 1
r
' 49, 246
158, 908
351, 243
233, 026
139, 932
161, 733
4,064
12, 147
r
T
r
2, 753
17,093
' 49, 685
147, 141
229, 769
213, 671
122,011
146, 348
2,976
17, 201
* 2, 837
18, 878
r
32, 471
22, 586 ' 21,456
22, 830
34, 065
33 220 ' 32 069 '31 171 r 48 902
34 837
16,324
21,581
17, 459
28, 179
32, 186
1
4
86
78
23
46, 462 ^ 50, 501 ' 54, 610 '61,871 '101,657
35 321
59 258
33,316
0
16, 742
58, 034
4,619
27, 427
34 70^
51 236
37 513
28 109
42 671
25 985
70, 210
77, 661
74,170
r
242, 972 f 219, 981 ' 215, 407 r 213, 657 r 233, 012 * 242, 029
222, 370
205, 968
r
263, 640 ' 268, 018 ' 264, 445 ' 256, 221 ' 287, 158 ' 281, 118
12, 348
15, 802
10, 291 ' 14, 256 9,342
11,396
T
43 020
48, 601 r 48 896 r 42 062 ' 36 552 34 956
5,947
7,905
4,602
4,364
6,801
6,074
292, 543
12,815
31 535
9 909
246, 802
12 968
21 343 __
5 388
32 386
38, 982
54 092
48, 694
27 049
35 469
50 411
41 ! 882
r
17,312 r 33, 661
29, 510 r
28, 386 ' 40, 216 ' 36, 684 rr
58, 923 ' 62, 255 ' 54, 029
34,652
56, 934
47, 433
31,359 ' 30, 732 26, 138
34, 208 T 32, 798 ' 35, 779 T
48 197
43 751 ' 48 276
41, 618
46, 966 T 43, 004 r
32, 598
35, 353
48 548
37, 237
35, 270
39, 958
' 47 315
47, 131
r
0
28, 039
38, 377
5^ 256
46, 331
18
1, 230. 5
112
Revised.
v Preliminary.
JRevisions for 1946-53 for balance of payments appear on pp. 16 and 17 of the July 1954 SURVEY; those prior to February 1954 for foreign trade will be shown later.
cfExcludes military expenditures.
§Excludes "special category" shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo.
^Total exports and data by economic classes and commodities include shipments under the Mutual Security Program. Total MSP military shipments are as follows (mil. dol.): February
1954-February 1955 respectively—-184.4; 203.4; 167.2; 264.2; 359.3; 267.6; 200.4; 152.8; 103.7; 85.1; 97.6; 85.3; 94.7.
AExcludes shipments under MSP and "special category" shipments not made under this program.
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
April 1955
1955
1954
February
March
April
May
June
July
August SeptemOctober November
ber
December
January
February
March
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
ValueJ— Continued
Exports of U. S. merchandise, totall
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
r
1,413.1 ' 1, 390. 8'1,462.2 '1,281.3 '1,145.8 ' 1, 100. 8 ' 1,251.8 '1,233.8 '1,300.5
1, 154.8
134,323 137, 969 '
r
53, 300 ' 55, 840
' 64, 649 69, 620
' 140, 631 ' 129, 370T
' 777, 827 * 724, 080 *
158, 795 r 144, 390 ' 168, 724 123, 005 ' 122, 112 ' 126, 763 ' 224, 601 '217,117 205, 172
65. 793 ' 73, 431 ' 64, 646 ' 65, 493 ' 55, 637 ' 46, 362 ' 64, 289 ' 66, 968
83, 506
63, 025 ' 67, 773 ' 62, 022 ' 55, 430 ' 53, 281 59, 721
68, 071 ' 74, 759 65, 893
105, 783 rr 151,981 ' 152, 316 ' 154, 748 ' 151,742 ' 141, 344 ' 163, 646 '156,999 171,260
959, 672 953, 198 ' 1,014,464 ' 882, 628 ' 762, 983'726,616 ' 731, 209 ' 717, 988 774, 653
154, 147
76, 151
58, 047
171, 268
695, 160
' 235, 873 ' 245, 244 '
71,415
80, 369
19, 169
22, 105
r 65, 780 '60,110
20, 005
15, 066
16, 451
17, 820
259, 385 ' 254, 558 ' 266, 444 '213,215 ' 190, 438 ' 193, 805
79, 777
64, 484
43, 290
83, 706
38,164
35, 403
21, 280 rr 27, 735 ' 28, 481 23, 505 ' 19, 756 20 448
65, 155
70, 137 ' -58, 095 ' 62, 149 ' 58, 200 ' 49, 063
22, 028
21,991
19,647 '21,245
18, 435
16, 781
22, 355
23. 085
23, 215
23, 040
22, 216
37, 827
340. 225
94, 622
20, 722
79, 725
24, 231
31, 980
274, 908
63, 545
18, 690
73, 059
22 920
25, 564
' 901. 4
960. 3
' 91, 071 111,625
86, 120
85, 995
31, 731
27, 942
41, 439
53, 990
879.9
108, 742
79, 781
20,230
55, 766
231, 186 ' 204, 731'211,075 '214,854 228, 909 234, 655
8,192
7, 437
7,752
11,818
10,089
7, 236
24, 518
25, 818
27, 363 ' 26, 706 22, 577
23, 378
50, 096 ' 57, 547 ' 58, 775 61, 437
59, 353
61, 270
16, 712
17, 044
15,235 ' 20, 621 ' 13, 482 14, 180
104, 985 ' 89, 231 ' 98, 596 99, 743 106, 971 ' 112, 747
225, 870
8,872
26, 062
64,074
14, 872
100, 900
' 1, 170. 7 ' 1,116.9
' 934. 9 '871.6 '1,153.7 r 1, 136. 2 ' 1, 195. 7 ' 1, 068. 1
Nonagricultural products, total
mil. of dol
Automobiles, parts, and accessories ^thous. of dol_ _ ' 114,010 ' 102, 791 ' 147, 918 ' 134, 644 113,054 ' 104, 694
'
73, 231 ' 66, 630' 103, 422
86. 590 '91,051 ' 87, 448
Chemicals and related products§cf
do
15, 669
15, 521
23, 309 rr 28, 160
29, 701
Coal and related fuels
do
25,617
T
r
39,
072
'
49,
993
35, 789
38 639 r 39. 644 ' 41, 668
Iron and steel-mill products
do
Machinery, total §
Agricultural
Tractors parts and accessories
Elect rical§
Metal working §
Other industrial
Petroleum and productscf
Textiles and manufactures
General imports total
By geographic regions:
Africa
\sia and Oceania
Europe
Northern North America
Southern North America
South America
By leading countries:
Africa:
Egypt
Union of South Africa
Asia and Oceania:
_
do
do
do
do
do
do
do
do
- do
' 219, 469 ' 201, 288 ' 298, 113 r 259, 413 ' 243, 083 '
11,107
13, 170
15, 210
14, 035
10, 722
' 24, 817 ' 24, 242 ' 32, 107 ' 30, 408 ' 29, 921
' 57, 673 ' 51, 653 ' 78, 399 r 66, 486 ' 63, 568
'r 20, 914 '12,015 ' 22, 877 ' 18, 744 ' 19, 885
95, 021 * 93, 018 ' 135, 101 ' 117, 706 ' 110, 631 '
45, 483
43, 957
'51,611
52, 312
r
do
do
do
do
do
do
'60,700
118,306
155, 727
172,424
133, 575
117, 990
' 50, 213
r
121, 566
' 149, 116
' 203, 030
' 144, 567
' 193, 311
do
...do
1,178
' 6, 813
3,037
' 9, 107
4,083
8,253
4,989
11, 529
374
21, 491
16, 178
10, 714
19,408
r 15, 508
13, 137
1,958
' 20, 612
'29,507
13, 542
29,362
do
do
do
do
do
do
-8,089
10, 176
435
* 20, 926
' 15, 565
12, 369
19, 346
Germany
Itilv
Union of Soviet Socialist Ret>xiblics
United Kingdom
North and South America:
Canada
do
do
do
do
10,901
' 17, 933
' 11, 680
717
' 37, 450
' 955. 3 ' 907. 0
' 83, 181 ' 81, 366
' 85, 411 81,626
31,925 ' 28, 696
' 43 375T 41 204
59, 087 ' 59, 756 65, 494 ' 56, 575 ' 53, 402 ' 46, 892
' 65, 634 51, 469 ' 49, 684 45, 461
51,017
48, 997
' 808, 718 ' 861, 7% * 957, 322
British Malava
China including M^anchuria
India and Pakistan
Japan
Indonesia
Republic of the Philippines
Europe:
'311,857 ' 332, 475
' 67, 842 ' 74, 457
' 25, 379 27, 273
' 63, 30 > ' 61, 785
24. 527
21, 992
47, 073
75, 505
' 940. 0
80, 934
93, 036
35, 601
45, 660
' 57, 114
57, 434
55,383
53, 627
55, 218
54,588
46,356
47, 261
829, 059 ' 946, 371 ' 821, 662 ' 824, 341 ' 780, 641 ' 763, 470 ' 838, 772 ' 941, 772 870, 118
' 70, 459 ' 55, 498
159, 935 144, 901
197, 644 159,216
185,811 193, 273
133, 192 110,430
210, 262 165, 736
10, 278 ' 15, 243
18, 983 '28,590
10, 551 ' 13, 051
854
1,342
' 37, 856 ' 48, 366
'
'
'
'
2,244
9,790
9,046
14, 786
348
' 17, 888
' 22, 824
13, 036
'23,686
f
57, 234
155,595
178,348
219, 569
108, 450
227, 177
'42,317 ' 40, 599 ' 31, 571 ' 37, 873
' 133. 020 ' 148, 552 '142,988 127, 342
' 159, 983 162, 231 '171, 242 182, 073 '
' 201, 800 ' 206, 364 ' 204, 787 ' 201, 670 '
' 91, 546 ' 90, 176 ' 68, 946 69,231
' 192, 996 ' 176, 423 ' 161, 109 ' 145, 284
1,658
' 7, 779
1,646
' 9, 418
1,947
7,708
' 9, 655 9,611
10, 578 '
18,848 ' 12, 182
17, 496
189
118
261
'16,816
19, 305 ' 17, 499
23, 672 ' 22, 235 ' 27, 434
17, 596
10,997 ' 16, 230
24, 604 '
' 31, 781 27,814
44,288
129,904
196, 704
211, 045
72, 250
184, 580
57, 877
121,314
208, 253
215, 641
107, 012
231, 674
45, 383
151,478
163, 328
183, 452
144, 987
181, 486
727
' 5, 737
610
6,851
490
6,248
1,379
5,972
1,500
7,512
13, 883
13, 519
695
19, 039
27, 336
13, 537
22, 665
' 7, 626
' 15, 765
269
15,268
24,360
18, 383
17, 435
7,768
15, 001
951
17,250
27,043
13, 462
15,873
6,979
14,552
72f
17, 047
25, 038
14,238
9,814
15,830
11,634
843
21, 893
34, 416
15, 257
16,728
' 15, 843 14, 044
29, 920
23,842
' 14, 824
14, 188
890
919
' 35, 455 57, 110
; 9, 740
' 12, 256 ' 14, 683 13,065
12, 674 ' 12, 126
' 21, 864 ' 24, 522 ' 20, 950 24, 841 ' 23, 635
10, 865
10, 754
9,724
11, 804 ' 10, 954
1,065
1,146
999
1,604
1,038
' 40, 430 ' 45, 022 ' 39, 562 38,860 ' 42, 386
14, 985
25, 380
14, 308
524
41, 263
1, 219. 2
849, 700
12,805
21,926
692
35, 510
210, 750
215,620
183, 423
237, 374
5,894
55, 643
13, 0-44
37,097
14,992
21, 042
48,550
311, 869
6,962
96 842
15,003
40, 430
17, 689
27,850
51, 792
297,404
7,585 I
56, 449
12, 726
38, 722 \"."-~"-"
36,412
40, 976
47, 716
' 816, 392 ' 877, 842 ' 943, 643 ' 830, 100 ' 972, 886 ' 820, 107 ' 826, 495 ' 776, 900 ' 761, 288 ' 831, 593
930, 835
861, 971
185, 505
163, 018
82, 040
203, 156
197, 873
206, 347
242, 022
71, 546
218, 178
192, 742
201, 555
198, 253
86, 843
198, 595
176, 725
252, 491 288, 050
18,788
12, 822
75, 993 106, 079
3,752
3,967
23, 188
24, 371
12, 880
16, 651
15, 689
17,689
360, 957
30, 821
174, 374
3,171
24, 480
10, 423
15, 444
358,689
19, 055
140, 179
3,924
27, 719
36,502
21, 593
r 476, 205 ' 515, 351 ' 516, 075 ' 502, 098 ' 600, 298 ' 518, 991 ' 521, 744 ' 516, 764 ' 508, 797 ' 543, 543 569, 878
Nonagricultural products total
do
2,124
5,375
6,570
4,805
5,297
2,838
11, 990
5,023
6,424
7,173
7,540
Furs and manufactures
do
Nonferrous ores, metals, and manufactures, total
thous. of dol.. ' 89, 149 ' 97, 686 ' 88, 407 ' 98, 278'153,496 ' 97, 134 ' 96, 196 ' 89, 048 ' 73, 290 ' 82, 972 97, 324
48, 889
37,312
32, 542
25, 759
28, 382
31, 767
17, 797
31, 201
' 32, 258 ' 26, 363 24, 685
Copper incl ore and manufactures
do
14, 974
19, 782
' 8, 982 16, 055
17, 041
13, 660 ' 16, 108
13, 718 ' 12, 547 '11,254
12, 068
Tin including ore
do
22, 675
28, 048
23, 884 ' 25, 087 25,560
25, 421
27, 068
24, 920
20, 532 ' 20, 112
24, 873
Paper base stocks
do
54,
284
52,
963
52,
529
49,
651
'49,611
'
47,
Oil
52,
063
47,
487
53,
643
47,
597
46,
515
Newsprint
do
74, 077
87, 896
64, 401
67, 032
' 66, 998 ' 74, 513 ' 62, 125 ' 65, 625 ' 67, 816 ' 64, 714 ' 63, 109
Petroleum and products
do
503,282
9,394
Latin American Republics total
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Venezuela
' 172, 371 ' 202, 998 ' 185, 778 ' 193, 263 ' 219, 527 ' 201, 558 ' 206, 260 ' 204, 599 ' 201, 624 '
do
' 277, 976 ' 317, 762 ' 324, 632 ' 261, 329 ' 318, 072 ' 268, 345 ' 252, 360 ' 216, 332 ' 194, 206
do
10, 481
13, 539
7,112
11, 526
11,415
7, 307
8,942
8,016
' 6, 526
.do
38, 961 ' 34, 560 34, 181
59, 125
44, 991 «• 39, 957
50,212
61,501
84, 707
do
6,724
14, 183
' 13, 578
12, 113 ' 17,811 ' 37, 372 ' 23, 680 14,818 ' 15, 285
do
'
57,
547
'
34,
594
15, 554
r
39,
836
'
42,
253
'
38,
609
'
38,
260
'
72,
757
'51,583
...do
43, 656 ' 47, 996 ' 49, 392 ' 38. 472 34, 527
37, 667 ' 26, 808 19, 791
36, 710
do .-534 ' 24, 365
19, 558
20, 950
do. - ' 34, 305 ' 40, 452 ' 37, 856 ' 23, 524 ' 26, 742 ' 19,
37, 412
40, 138
' 38, 034
47, 129 ' 41, 788 38, 634 ' 40, 757 37, 938 38, 674
do
Imports for consumption total
do
By economic classes:
Crude materials
do
Crude foodstuffs!
do
Manufactured foodstuffs and beverages
do
Semimanufactures
do
Finished manufactures
.
do
By principal commodities:
Agricultural 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
' 196, 407 '211,886
' r203, 565 ' 208, 927
87, 922 ' 97, 854
f
165, 695 183, 377
' 162, 802 175, 797
199, 092
240,817
123, 275
182, 593
197, 866
r 340, 187 ' 362, 490 ' 427, 568 '
11,940
16, 317
25, 102
r 141, 182 ' 158, 723 ' 175, 856 '
3,132
4,215
6,016
18, 855
19, 461
17, 080
45, 467
52, 405
36, 852
r 14, 641
18, 975 ' 22, 689
204, Oil
168, 443
106, 091
174, 766
176, 789
' 227, 154 ' 186, 377 ' 207, 907 ' 197, 687 ' 182, 049 '
' 199, 964 ' 159, 320 ' 142, 498 ' 115, 049 123, 591
' 110, 828 ' 93, 660 ' 96, 615 ' 86, 540 76, 189
' 242, 391' 191, 254 ' 193, 869 ' 194, 874 ' 186, 315 '
' 192, 550 ' 189, 496 ' 185, 606 ' 182, 751 ' 193, 145 '
328, 003 ' 372, 588 '
28, 824
15, 049
106, 633 ' 127, 506 '
4, 885
6, 693 !
21,401 ' 26, 949
42, 948
47, 699
19, 576
21, 963
301, 116 ' 304. 751 ' 260, 137 '
23, 267
17,291
16,180
101, 748 ' 90,416 ' 64, 886
4, 696
4,896
3,686
17, 610
27, 214
22, 564
39, 445
41, 940 ' 30, 611
19, 022 ' 19, 047 '18,312
' Revised.
f Preliminary.
|Re visions prior to February 1954 will be shown later
ISee similar note on p. S-21.
9 Data for semimanufactures reported as "special category, type 1" are included with finished manufactures.
§Excludes "special category, type 1" exports.
tf Exports of jet fuel (totaling $1,719,000 in 1953) are included with petroleum and products beginning January 1954; with chemicals prior thereto.
75,003
23, 363
11, 672
22, 402
46, 732
85, 202
---------
SURVEY OF CURRENT BUSINESS
April 1055
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical FebruSupplement to the Survey
ary
S-23
1955
1954
March
April
May
June
July
August
Septem- October Novem- December
ber
ber
January
February
March
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines
Operations on scheduled airlines:
M^iles flown revenue
TVT^ n t
"I fi r
P '
<?
iorl
n P
Passenger-miles flown, revenue
37, 345
12, 880
6,07C
2, 038
1,117
41,402
14, 735
6,816
2,252
1,257
41,281
14, 964
6, 767
2,485
1,334
42, 758
14, 780
6,344
2, 520
1.363
42, 344
14, 669
6,199
2,701
1,525
44, 190
13, 793
6,045
2,687
1,514
37, 859
12, 704
6,053
2,471
1,392
42, 095
16, 478
6,160
2,621
1,436
43, 007
18,759
6.549
2,673
1,414
40, 497
17, 359
6,496
2,416
1,281
44, 365
19, 697
9, 833
2,518
1,426
45,012
15, 342
6, 573
2, 596
1,484
27, 850
9,502
33, 063
13, 977
31,215
12, 492
28, 003
9,903
31, 588
12, 760
27, 061
9,062
28, 808
10, 759
30, 318
8,696
30, 784
11,982
32, 132
12, 458
39, 517
17, 161
27, 258
8,965
13.4
r
806
119, 400
13.4
905
130, 300
13.5
874
130, 400
13.6
834
122, 300
13.7
806
119, 9CO
13.7
749
117, 500
13.8
740
116, 400
13.9
785
114, 500
13.9
816
123,400
14.0
820
127,100
14.0
862
137, 100
14.1
784
119, 600
14.1
731
thousands
"
rlo
do
millions-..
Express Operations
Transportation revenues
thous of dol
Local Transit Lines
Fares, average cash ratef.
Passengers carried, revenue
Operating revenues
oents._
millions-thous of dol
Class I Motor Carriers (Intercity)
Carriers of property (quarterly totals) :§
Number of reporting C8rriers
Operating revenues total
thous of dol
FjXpenses total
do
Revenue freight carried
thous. of tons,-.
Carriers of passengers (quarterly totals) :
Operating revenues total
Revenue passengers carried
thous of dol
thousands
2, 037
814, 650
791, 010
63, 282
2,042
844, 448
807, 973
64, 697
2,036
856, 644
819, 933
65, 629
169
78, 935
81, 034
76, 172
169
93,176
83, 932
81, 143
168
107, 372
88 267
83,553
164
89, 616
84,667
79,068
Class I Steam Railways
Freight carloadings (A. A. R.):c?
Total cars
thousands
Coal
_
. . . -do
Coke
do
Forest products
do _
Grain and grain products
do
Livestock
.
do
Ore
do
Merchandise, 1. c. 1
do
Miscellaneous _
_ _
do
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
Total, adjusted
_
do .
Coal
do
Coke __ __
_ _
do
Forest products
do
Grain and grain products _
do
Livestock
do
Ore
_ _ - _ _ do
Merchandise, 1. c. 1
do
Miscellaneous
do
Freight-car surplus and shortage, daily average:
Car surplus, total
number-Box cars
do
Gondolas and open hoppers
_
do
Car shortage, total
do
Boxcars
do
Gondolas and open hoppers
do
Financial operations:
Operating revenues, total
- _ _. thous. of dol
Freight
_
-do
Passenger
do
Operating expenses
_
_ do
Tax accruals, joint facility and equipment rents
thous. of doL.
Net railway operating income
do
Net incomef
do
Operating results:
Freight carried 1 mile
mil. of ton-miles
Revenue per ton-mile
cents..
Passengers carried 1 mile, revenue
--.millions--
2, 412
* 384
34
156
166
28
58
••259
1,325
2,445
378
31
157
162
31
79
253
1,356
3,345
507
37
205
228
38
303
309
1,718
2,730
439
29
163
214
23
285
235
1,342
3,251
433
35
178
312
31
351
290
1,621
2,708
438
27
155
212
31
249
252
1,344
2,711
452
29
162
199
46
228
248
1,348
3,629
635
43
230
268
77
246
327
1,803
2,685
493
35
170
220
47
110
247
1,363
2,518
487
36
169
185
34
62
239
1,306
3,054
608
50
194
225
40
75
288
1,575
2,575
511
42
171
177
25
56
243
1,351
2,621
447
42
168
171
27
67
255
1,444
105
78
105
126
117
51
51
41
125
108
79
96
127
118
55
88
40
128
114
84
93
133
127
53
224
39
130
116
85
93
132
158
41
255
38
129
114
80
91
120
181
47
255
38
126
114
90
87
125
149
56
217
40
127
120
98
97
140
147
89
205
41
133
124
105
109
149
150
111
170
41
136
121
106
116
143
159
85
98
41
134
114
106
125
137
133
60
57
40
127
110
103
127
133
132
61
53
37
123
113
105
131
V
138
-4124
4.
49
39
128
115
91
134
135
120
49
59
40
137
117
87
109
133
124
54
222
41
134
112
78
104
126
127
64
177
41
132
111
79
98
127
134
62
136
39
130
112
84
94
128
144
58
136
39
128
111
85
95
127
155
54
164
38
125
109
80
94
119
151
54
159
38
125
111
90
90
119
138
59
145
40
126
111
98
98
129
131
67
137
39
123
115
105
111
141
150
72
109
40
125
118
106
116
146
163
68
109
40
129
123
106
119
154
142
62
184
41
135
121
103
121
148
132
64
210
39
134
122
105
124
144
127
56
198
40
136
123
91
133
135
130
62
204
40
144
112, 442
22, 045
78, 680
465
330
22
130. 775
21, 318
98, 605
200
181
6
136,335
22, 908
100, 848
261
245
0
126, 845
23, 609
88, 590
393
375
15
86, 150
19, 070
56, 783
699
689
0
95, 994
11,937
74, 775
740
716
24
81,002
10, 688
60,603
447
442
72, 134
8,923
52, 598
998
964
0
44, 922
3,402
33,041
2,854
2,405
139
29,482
1,200
20, 505
2,193
2,077
25
40,960
2,348
27, 410
244
237
0
71,087
9, 568
49, 28e
368
341
47, 171
6,445
30,145
687
665
23
38, 468
3,351
28, 230
1,427
1,334
34
719, 367 802, 534
599, 966 674, 217
57, 371 58, 546
584, 592 629, 993
765, 963
637, 994
59, 645
611, 773
765, 121
638, 974
60, 395
616, 844
803, 521
666, 029
69, 271
625, 337
779, 794
642, 540
72, 464
6 J 8, 597
804, 767
664, 232
73, 422
623, 326
781, 619
652, 951
62, 312
607,388
804, 392
678, 755
57, 327
611,780
793,015
669, 535
57,515
597, 013
798,023
652, 902
68, 954
628, 344
752, 741
625 924
65, 301
590, 002
724, 335
611, 843
55,260
564, 101
93, 630
66,604
2,462
423
37
158
173
24
63
253
1,331
107
87
116
128
122
43
55
40
126
T
r
'-
r
r
r
r
90, 701
44, 074
21, 545
102, 912
69, 628
48, 864
94,149
60,041
38, 709
89, 396
58, 881
38, 659
98, 504
79, 680
58, 970
90, 094
71, 103
49, 365
97,368
84, 073
64,210
94,027
80, 204
58,329
101,737
90,875
75, 402
101,884
94, 118
75, 518
60,571
109, 108
126, 624
94, 079
68, 660
51, 873
43, 047
1.459
2,129
46,190
1.509
2,191
45, 224
1. 467
2,221
49,117
1.363
2, 285
47, 637
1.443
2,644
46, 914
1.427
2,879
48, 921
1.405
2,926
48, 175
1.402
2,406
52, 712
1.344
2,192
48, 521
1.415
2,159
47, 588
1. 421
2,625
48, 161
1. 357
2,488
Waterway Traffic
Clearances, vessels in foreign trade:
7,684
9,726
7,707
9,886
10, 171
9,511 ' 9, 660 10, 277
8,830
Total U. S. ports©
thous. of net tons9,249
9,505
Foreign
do
5,268
6, 645
6,626
5,373
5,893
7,113
6,659 ' 6, 841
7,157
6,711
6,604
2,334
2,852
United States
_
_do
2,936
2,417
3,241
3, 059
3,101
2,819
3,120
2,794
2,645
Panama Canal:
2,901
3,533
3,475
3,377
Total
thous. of long tons..
3,408
2,954
3,127
3,227
3,329
3,132
3,404
r
In United States vessels
do
782
946
977
1,038
1, 031
878
985
932
1,002
991
1,030
r
Revised.
*> Preliminary.
fData have been revised (beginning August 1945) to include fares charged by transit companies operating in cities having a 1950 population of 25,000 or over; revisions prior to August 1952
will be shown later.
§Data have been revised to cover intercity carriers of all types of commodities, including common carriers of general and special commodities and contract carriers. It should be noted
that the data for 1945-53 shown in BUSINESS STATISTICS (1953 edition) and in the October 1953-December 1954 issues of the SURVEY are for carriers of general commodities only Revised
data for 1945-52 will be shown later. Revisions for the first three quarters of 1953 are shown in the January 1955 SURVEY.
c^Data for May, July, October 1954 and January 1955 are for 5 weeks; other months, 4 weeks.
OData beginning January 1954 include vessels under time and voyage charter to Military Sea Transportation Service; revised monthly data for 1953 to include these clearances will be
shown later.
{Revised data for January 1954, $18,924,000.
SUEVEY OF CURRENT BUSINESS
S-24
UnJess otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical FebruSupplement to the Survey
ary
April 1955
1954
March
April
May
June
1955
July
August
Septem- October Novem- December
ber
ber
January
February
March
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORT ATION-Continued
Travel
Hotels:
Average sale per occupied room
dollars
Rooms occupied
percent of totalRestaurant sales index
same month 1929=100
Foreign travel:
U S citizens' Arrivals
number
Departures
do
Aliens* Arrivals*
do
Departures*
do
Passports issued
_
__ _ _ _ do _ _
National parks, visitors
-- thousands. _
Pullman Co.:
Revenue passenger-miles
millions
Passenger revenues
thous of dol
COMMUNICATIONS
Telephone carriers: 9
Operating revenues
thous of dol
Station revenues
do
Tolls, message
.
do ..
Operating expenses before taxes
do
Net operating income
do
Phones in service end of month
thousands
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
thous. of dol__
Operating expenses, incl. depreciation
do
Net operating revenues
do
Ocean-cable:
Operating revenues
do
Operating expenses, incl. depreciation
do _
Net operating revenues
do
Radiotelegraph :
Operating revenues
do
Operating expenses incl. depreciation
do -Net operating revenues
do
7.04
75
247
6.75
74
232
7.43
73
251
6.71
75
277
7.25
75
267
6.91
66
237
7.66
72
248
7.55
74
253
7.71
77
262
7.76
71
250
6.89
59
229
7.17
73
252
7.25
74
252
62, 290
68, 680
34, 617
24, 835
34, 695
364
76,011
76,910
44, 905
30, 565
53, 990
395
72, 722
87, 138
52,115
37, 804
58, 430
654
78, 179
91, 220
56, 280
39, 479
56, 776
1,190
92, 068
130, 168
57, 066
52, 266
53, 432
2,472
113,018
127, 507
62, 056
46, 236
36, 707
4,127
146, 742
94, 034
64, 504
43, 530
34, 263
4,213
126, 750
73, 984
70, 574
45, 403
26, 023
2,010
88. 706
60, 498
56, 752
40, 100
21,659
1, 104
73, 293
55,986
50. 477
34, 471
22. 000
428
72, 730
69, 840
48, 675
41, 779
25, 005
277
34, 356
318
40,173
309
620
8,151
621
8,160
576
7,559
565
7,415
621
8,167
577
7,601
640
8, 422
574
7,543
583
7,647
540
7,042
571
7,474
702
9,224
388, 373
235, 457
120, 348
264, 804
48, 323
44, 040
410, 977
241, 184
136, 479
287, 1 36
48, 277
44, 188
408, 652
241,991
133,437
280, 195
50, 511
44, 350
411,182
241,779
135, 373
279, 732
51,845
44, 514
415, 760
243, 104
138, 921
285, 347
49, 889
44, 621
414, 837
240, 459
139, 800
287, 388
61,957
44, 766
421, 562
243, 050
144, 225
286, 027
55, 790
44, 920
422,311
246, 076
141, 432
293, 280
52, 414
45, 129
431,443
251, 172
145, 088
290, 427
59, 615
45, 345
431,914
252,812
143,034
292, 307
58, 930
45, 568
448, 387
257, 149
154,870
311,916
58, 457
45, 858
441, 354
258, 047
146, 783
289, 318
62, 143
46, 093
15, 255
13, 873
593
17, 525
15,074
1,628
17, 089
14, 824
1,442
16, 730
15,004
904
17, 768
15, 445
1,499
17,111
15, 803
494
18,072
15, 555
1,741
18, 447
15, 861
1,856
18, 267
15, 552
2,023
17, 843
15,513
1,660
19, 733
17,479
973
17, 552
15, 953
737
2, 485
1,839
433
2,860
1,876
731
2,635
1,898
501
2,724
1,940
539
2,848
1,999
579
2,704
1,918
525
2,595
1,967
377
2,743
1,794
701
2,733
1,721
761
2,781
1.853
668
3,011
1,862
864
2,676
2,104
301
2, 346
2,069
144
2,647
2,211
311
2,490
2,153
208
2, 516
2,157
222
2,620
2,191
285
O KQQ
2,557
2,179
255
2,611
2,320
159
2,652
2,112
426
2,672
2.249
300
2,998
2, 353
540
2,754
2,272
333
230, 098
60,915
59, 186
260. 052
64, 482
238, 463
58, 857
46, 477
250, 952
62. 998
253, 687
60, 516
44, 834
259, 445
66, 372
2', 217
248
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production: t
Ammonia, synthetic anhydrous (commercial)
short tons. _
Calcium carbide (commercial)
do
Carbon dioxide, liquid, gas, and solid. .
do
Chlorine, gas __.
_ _
._ _ do...
Hydrochloric acid (100% HC1)
...do
Lead arsenate (acid and basic)
..do .Nitric acid (100% HNO3)
do
Oxygen (high puritv)
mil. of cu ft
Phosphoric acid (50% HsPOi)
short tons.Sodium carbonate (soda ash) , ammonia-soda process
(58%Na20)_—
short tons. .
Sodium bichromate and chromate
do
Sodium hvdroxide (100% NaOH)
- do ..
Sodium silicate, soluble silicate glass (anhydrous)
short tons-Sodium sulfate, Glauber's salt and crude salt cake
short tonsSulfuric acid:
Production (100% H2SO4)
thous. of short tons..
Price, wholesale, 66°, tanks, at works
dol. per short ton._
Organic chemicals:
Acetic acid (synthetic and natural), production
thous. of lb_.
Acetic anhydride, production
do
Acetylsalicylic acid (aspirin), production
do
Alcohol, ethyl:
Production __ ._
- thous. of proof gal
Stocks, total
do
In industrial alcohol bonded warehouses do
In denaturing plants
do
Used for denaturation
do
Withdrawn tax-paid . _
do
Alcohol, denatured:
Production
thous. of wine gal _ .
Consumption (withdrawals)
do
Stocks ...
_ . - - _-__-_
do
Creosote oil, production
. ._ thous. of gal
Ethyl acetate (85%), production
thous. of lb._
Glycerin, refined (100% basis):
High gravity and yellow distilled:
Production
do
Consumption
do
Stocks
do Chemically pure:
Production
do
Consumption
do
Stocks
..
do
Methanol, production:
Natural (100%) t
thous. of gal. .
Synthetic (100%)
._
do
Phthalic anhydride, production
r
thous. of lb~
r
206, 358
53, 554
46, 564
206, 337
57, 666
1,063
152, 456
1,765
234, 740
237, 535
65, 072
50,648
234, 640
62, 396
1,084
155, 156
1,863
264, 625
232, 246
60, 295
58, 934
231,336
61,351
1,539
148, 261
1,742
264, 979
249, 837
59, 984
65, 720
247, 890
63, 270
1,055
157, 705
1,823
263, 086
216, 786
56,544
76, 725
243, 729
60, 122
149, 383
1,768
240, 009
162, 502
1,611
221. 223
166, 192
1,723
232, 995
167, 012
1, 694
219, 823
184, 188
1,932
245, 893
1,998
257, 550
199, 140
2,214
264,317
370,311
7,810
240, 529
424, 112
8,525
278, 210
404, 856
9, 294
276,481
413, 268
9,530
287, 773
378, 233
8, 968
289, 484
380, 061
7,559
291,039
374, 831
7,049
284, 240
390, 280
7, 263
286, 262
408, 559
8,452
299, 587
399, 961
7,913
292, 587
385, 270
8,707
300, 604
385, 787
9,000
301, 769
49, 184
58, 458
49, 144
54, 730
50, 383
39, 073
39, 983
60, 910
55, 728
49, 760
53, 066
49, 451
70, 615
70, 787
64, 569
65, 409
62, 785
62, 457
62, 930
63, 000
71,948
71,116
71, 485
1,092
1,224
1, 194
1, 178
1,108
1,067
1,097
1,121
1,183
1,255
1,300
1, 313
1,266'
22. 35
22.35
22. 35
22. 35
22.35
22.35
22.35
22.35
22. 35
22.35
22.35
22.35
22. 35
28, 804
47, 823
1, 213
39,012
48, 469
1,192
37,113
52, 836
1.337
31,754
53, 336
1,072
30, 537
50, 342
1.227
38, 754
57, 415
36, 111
61,777
1,136
44, 691
69, 282
1,151
42, 002
69, 104
1,250
41,502
66, 302
'932
41, 069
63, 578
1,142
43, 071
67 886
1,194
'23,910
*• 47, 598
r 28, 146
19,452
26, 171
1,113
32, 594
46, 976
26, 183
20, 794
33, 664
35, 465
44, 347
24, 978
19, 368
33, 676
36, 521
46, 531
25, 850
20,681
32, 636
37, 268
51,132
30, 779
20, 353
32, 357
835
34, 608
55, 777
35, 690
20, 087
27, 603
' 697
32, 850
57, 509
36, 443
21, 066
29. 956
30, 650
56, 552
35, 996
20, 556
29, 825
28, 793
53, 587
32, 887
20, 700
29, 733
854
941
33, 552
54, 089
33,881
20, 208
32, 386
33, 651
53,911
33, 636
20, 275
31,839
35, 304
52 111
31, 705
20, 406
35 045
703
672
14, 171
«• 12, 892
' 6, 598
9,852
3,018
18, 176
17, 206
7,637
14, 792
6,000
18, 172
18, 430
7,377
15, 750
7,849
17,574
17, 582
7,377
15,417
6, 436
17,511
17.394
7, 483
15,057
6, 039
14, 906
15,678
6,704
13, 151
5, 376
16, 181
15, 878
7,002
9,188
6.212
16, 106
16,817
6, 276
9,752
5,952
16, 060
16, 805
5, 512
9,240
6, 960
17,471
17,368
5, 500
8,992
7,125
17,173
17,340
5, 434
10, 682
5,105
18, 862
19, 346
4 934
9 565
7,336
17, 677 i
17,174
6,675
5,756
18, 294
6,804
5, 576
19, 084
5,013
6, 461
18, 422
5,475
6,685
18, 775
5,985
6,169
19, 201
3,740
5, 753
16, 791
4,086
5, 460
15,939
5 067
5,909
15,005
4 663
5,922
13, 435
4 804
5. 776
12, 782
4 981
5 873
11,856
00
(2)
11, 238
8,809
27, 986
14, 099
9,647
28,941
13, 113
9,229
29, 259
11,654
8,418
27, 120
14, 023
9,193
27, 161
10, 196
8, 662
23, 520
12 391
9,531
23,011
11 964
9 499
20. 546
11 631
9,279
17, 889
12 917
8 966
17,445
15 679
9*271
18 523
978
644
725
323
211, 310
54, 351
78, 407
245, 109
58, 210
0
922
222, 430
58, 435
77, 697
243, 403
59, 504
0)
923
210, 938
59, 578
69, 420
244, 252
61, 871
r
0)
0)
oi
193, 343
984
(0
755
r
r
270, 363
62 388
42 666
260, 357
67, 494
(0
213, 732
2,349
272, 286
249,398'
53 804 i
232,826
62.704;
0)
i
190, 108:
...
286, 52:-! i
353. 569'
275,326
.-
75,' 973
r
(2}
v 22. 35
33 0151
53 057 i
31.780^
21, 277 j
32 792
'
(2}
(2)
;
$
2 18 566
2 14 836
2 30 073
169
172
170
162
151
152
184
177
14, 580
20, 277
14, 079
23,258
160
12, 063
19, 215
12, 905
20, 233
13, 147
19, 652
13, 735
18, 532
163
176
12, 979
19, 129
12, 896
22, 136
15,319
24, 647
16, 464
24, 072
170
16, 974
28,376
15 391
25, 798
'
i
2 17 275
2 14 642
2 28 391
Revised.
» Preliminary.
* Not available for publication.
2 Beginning January 1955, data for high-gravity and yellow-distilled glycerin are combined with chemically pure glycerin.
*New series. Compiled by the U. S. Department of Justice, Immigration and Naturalization Service. Data relate to the arrivals and departures of aliens, by sea and by air, between ports
of the United States and noncontiguous foreign territory. These statistics do not include border crossers, seamen, military personnel, traffic between continental United States and insular
possessions, and cruise travelers. Data prior to 1953 will be shown later. (Old series covered emigrant and immigrant aliens only.)
9 Data beginning January 1954 cover 38 companies (those having an annual gross operating revenue of $1,000,000 or more). However, the smaller number of companies continues to account
for over
90 percent of the annual gross operating revenues of the industry.
{Revisions for 1952 (also 1951 for ammonia and hydrochloric acid) will be shown later.
a
Revisions for January 1955 (thous. proof gal.): Stocks, total, 51,415; in industrial alcohol bonded warehouses, 33,216.
SURVEY OF CURRENT BUSINESS
April 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-25
1954
February
March
April
June
May
July
1954
DecemOctober NovemAugust September
ber
ber
January
February
March
CHEMICALS AND ALLIED PRODUCTS—Continued
FERTILIZERS
Consumption (10 States) 9
Exports, total!
Nitrogenous materials
Phosphate materials !
Potash materials
thous. of short tons
1,111
._ _ __ __ . .short tons. . 197, 702
do
40, 160
do
148, 378
6,519
do
Imports, total!..
_
do
Nitrogenous materials, total __
do
Nitrate of soda
.do__
Phosphate materials!
do
Potash materials .
_
__
_ _ _ . do
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
port warehouses
dol per short ton
Potash deliveries
short tons
Superphosphate (100% A.P.A.)c?
Production
short tons
Stocks, end of month
do
0
974
1,717
1,772
273, 388 r 251, 877
13, 292
16, 766
242 731 r 222 210
10, 057
10, 444
310, 071
6, 966
292, 538
8,526
r
249, 842
179,333
67, 517
20, 591
8,079
r
434
171
264, 686
23, 762
227 693
10 716
306, 751
24, 293
268, 815
10, 112
r
231, 784
184, 599
104, 419
14,157
3,049
111,839
76, 583
35, 666
12, 532
7,595
r
r
r
T
152
282
508
488
369
400, 105
39, 477
346 419
11 358
364, 339
29, 881
323 734
6 858
453, 853
20, 585
420 435
9,030
225, 276
32, 820
177 964
12 214
291,794
22, 733
251 996
10, 759
283,
49
216
10
141, 624
94 905
31, 550
11 610
18, 705
202, 152
139 914
37, 439
9 175
31,925
155, 497
100, 361
33, 725
8,690
24, 381
196, 532
152 750
52, 302
13 502
19, 340
214, 033
189 058
84, 555
8 986
5,498
227 564
189 995
59, 359
9 294
12 868
51 25
187 873
51 25
200 115
209 017
347, 161
347 542
511
786
845
490
270
529
252, 607
207, 263
44, 464
10, 909
13, 324
338, 283 »• 338, 215
259, 781 243, 103
89, 083
85, 533
14, 898
3, 725
38, 073
33, 633
53.00
196, 463
53 00
261, 238
53 00
221, 249
53.00
148, 040
53.00
80, 404
53.00
100,716
53 00
124, 035
53 00
137 309
51 25
167, 285
51 25
150 221
51 25
154 317
187, 464
286, 325
227, 6Sfi
234, 936
216. 618
185, 090
182, 637
198, 809
165, 683
248, 229
128, 618
273, 746
144, 345
287, 371
153,368
274, 194
184, 713
278, 135
192 554
296, 259
206, 309
326, 579
8.75
8.80
9.25
9.25
9.20
9.20
*9.20
.72
.72
.72
.74
64
64
p. 64
1,083
57, 824
980
53, 594
1 017
52 571
53, 167
r
r
r
r
r
r
T
P 51 25
2iO 185
NAVAL STORES
Rosin (gum and wood) :
Production, semiannual total
drums (520 lb.)
Stocks, end of period
do
Price, gum, wholesale, "WG" grade (N. Y.), bulk
dol. per 100lb._
Turpentine (gum and wood) :
Production, semiannual total
bbl. (50 gal.)
Stocks, end of period
do
Price, gum, wholesale (N. Y.)-dol. per gal
817, 950
828 080
9.00
9.00
1, 005, 880
891 850
8.75
8.75
8.65
8.65
240, 580
196, 910
.60
.60
.60
.60
.60
.60
1,035
55, 303
941
931
786
541
527
54, 756
55, 918
55, 330
58, 489
55, 395
8.65
327, 910
181, 710
.72
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting powder
thous. of lb
High explosives
_
do
Sulfur (native) :
Production
thous. of long tons
Stocks (producers')
do
722
754
937
60, 424
59, 571
58, 619
810
437
472
445
465
455
472
462
439
454
478
3,239
3,203
3,259
3,229
3,240
400
3,289
447
3,190
3,193
467
3,170
3,210
3,228
3 214
3,201
309, 854
123, 883
257, 901
325, 234
133, 470
268, 342
310, 169
118,886
262, 682
304, 763
119,467
262, 393
309, 102
113,337
245, 855
307, 271
89, 573
251, 266
310, 353
127, 022
233, 363
325,073
131, 975
224, 215
355,012
127, 040
213,063
388, 542
129 907
223 411
47, 667
29, 878
74, 698
46, 502
31, 977
72, 430
47, 681
28, 431
64, 371
49, 641
22, 606
69,182
46, 879
24, 157
68, 982
46, 072
19, 147
72, 512
47, 026
23, 987
72, 888
46, 746
24, 267
71, 630
49, 362
28, 429
66, 338
53 958
27, 464
73 142
55, 769
27, 098
75 025
3
6,471
532
11 074 r 3 8 275
r
3
49
872
63 560
FATS, OILS, OILSEEDS, AND BYPRODUCTS
Animal fats, greases, and oils:
Animal fats:
Production! __ ___
thous. of lb
Consumption, factory
do
Stocks, end of month
do
Greases:
Production
do
Consumption, factory. _
do
Stocks, end of month
do
Fish oils:
Production!
__
do
Consumption, factory
do
Stocks, end of month
do
Vegetable oils, oilseeds, and byproducts:
Vegetable oils, total:
Production, crude!
mil oflb
Consumption, crude, factory!
do
Stocks, end of month:!
Crude
do
Refined §
do
426, 037 i 465 537 i 416, 902
129, 738 i 193 206 1i 196, 775
254 218 i 412 194 415, 127
(2)
( 22)
()
(2)
(2)
(2)
3
175
3
8, 148
3 44, 615
371
358
9,171
46, 297
10, 697
41, 170
2,066
13, 768
37, 253
8,317
11,047
34, 753
19, 164
11,407
44, 101
25, 903
11, 038
56, 026
13,410
10, 269
51, 260
26, 732
13, 149
65, 710
12, 514
11, 340
56, 222
6,179
13 625
66 107
545
523
542
556
475
521
429
495
382
445
366
346
380
416
440
435
599
532
579
536
551
521
547
524
487
489
593
575
933
599
924
677
834
66?
79C
674
806
670
689
995
985
915
793
709
629
1,337
1,323
1,307
1,223
1,150
1,086
r
1,018
72, 232
40, 636 120, 900 r 126 097 124 960
90, 075 ' 124, 953 78, 866 r 110, 593 155,012 150, 178
Exports
_
thous. oflb
95 928
33, 892
39, 926
43, 053 * 28, 839
' 21, 299 24, 502
43, 901 * 38, 281 r 54, 026
Imports, total!
do
47 032
34 006
40 051
4,402
5,731
1,410
9,017
3,868
1,368
2,746
1,058
2,078
Paint oils
do
3
058
6
607
2 049
28,160
35, 525
34, 036 r 27, 429
41, 823 r 34, 413 ' 52, 968
23, 134
* 18, 553
All other vegetable oils!
do
40, 425
30 948
38* 002
Copra:
26, 871
29, 949
27, 599
24, 327
27, 480
33,811
29, 646
23, 030
22, 415
30, 072
Consumption, factory
short tons..
27, 678
25, 257
29 211
14, 877
16, 446
10, 433
20, 446
8,181
12, 569
21, 808
15, 130
Stocks, end of month
__
do
15, 736
27, 508
16 133
16 05H
16 579
r
27, 726 ' 34, 208 31, 106
19, 201
34, 016
26, 231
Imports _
do
29, 533
24 148
24 998
24, 558
26, 475
25 448
Coconut or copra oil:
Production:
34, 925
38, 165
35, 481
35, 863
38,415
31, 097
29, 498
43, 159
38, 365
28, 737
Crude
thous. of lb_.
35, 537
33, 216
36, 747
32, 263
23, 211
30, 122
32, 939
30, 092
Refined. _
do
37, 407
30, 698
32, 933
26, 618
27 441
27, 596
25 685
28 899
Consumption, factory:
35, 503
48, 879
46, 730
50, 243
45, 419
57, 539
47, 974
49, 276
4% 550
Crude
do
43 043
40 851
41 950
43 613
20,608
28, 659
27, 072
30, 309
33, 455
28, 561
Refined
_
do
27, 788
27, 433
28, 770
25 021
24, 327
22 382
24 231
Stocks, end of month:
52, 308
44, 313
43, 216
45, 345
52, 334
49, 372
48, 770
60, 680
52, 343
Crude
do
68 733
61 012
63 336
68 715
10, 437
8,884
10, 121
10, 950
10. 625
9,314
9,982
10, 691
Refined.
do .
10,318
10 344
11, 772
11, 129
11 982
9,905
9,741
9,448
7,051
14, 665
14, 648
6,709
13, 524
Imports
_
_
do
16, 277
18, 019
6 402
10 459
Cottonseed:!
21
22
128
28
449
50
1, 243
113
1,503
488
Receipts at mills
thous. of short tons..
1,142
84
119
270
356
207
470
598
532
624
250
684
Consumption (crush)
__
do
609
659
514
598
307
229
556
891
1,332
1,140
428
1,879
1,959
Stocks at mills, end of month
do
2,321
2,442
1,412
1,842
Cottonseed cake and meal:!
294, 423 278, 124 219, 851 161, 713 126, 729 103, 175 121, 257 260, 531 330,412 320 340 294 034 293 109 254 430
Production
short tons
146. 087 167, 313 177, 739 193, 472 198, 062 203, 321 188, 910 204, 976 243, 422 251, 547 245 510 242 133 257, 064
Stocks at mills, end of month§
do
Cottonseed oil, crude:!
94,884
77, 097
82, 890 165,418 219, 744 215,781 196 923 196 278 169 946
207, 447 200, 632 161, 955 124, 212
Production
thous. oflb
84, 728
42, 249
54, 013
184, 165 184, 799 129, 705
35,881
70, 954 105, 742 144 267 146 394 141 494 145 221
Stocks, end of month
do
Cottonseed oil, refined:
78, 738
82, 186 108, 518 161, 362 161 193 157 682 159 433 141 252
188, 791 197, 063 178, 107 151, 578 106, 431
Production!
do
141, 894 167, 032 176, 259 174, 462 139, 760 108, 802 147, 206 154, 430 148, 136 156 937 146 167 144 295 141 288
Consumption, factory!
do
33, 425
38,165
24,141
27, 384
38, 113
29, 253
34, 600
38, 980
33, 553
In margarine! _ _
__ .do- .
25 294
29, 997
28, 524
33, 557
1,069
954
996
1,155
1,175
888
1,178
825
Stocks, endof month§!
mil. of lb_.
817
668
713
661
546
T
.224
.213
.219
.224
.213
.203
.193
.210
.215
Price, wholesale, drums (N. Y.)
dol. per lb._
.203
.204
.206
. 206
p. 198
T
Revised.
* Preliminary.
* Beginning 1955, data include greases (other than2 wool) and both crude and refined products (except that production 3figures exclude refined lard); refined
products (not included prior to 1955) are no longer reported separately from crude.
Beginning 1955, data are included with animal fats; see note 1.
" Beginning
' '
' ' may -include
- 1955, data
some refined fish oils (not formerly included); figures included for consumption and stocks of cod, cod-liver, and other liver oils are incomplete.
9 States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Arkansas, Louisiana, Texas, Oklahoma. According to quarterly reports from Virginia,
consumption in that State is as follows (thous. short tons): 1954—January-March, 305; April-June, 315: July-September, 78: October-December, 81.
!Revisions for 1952 will be shown later.
d*A. P. A. (available phosphoric acid).
§ Includes stocks owned by the Commodity Credit Corporation (beginning January 1952 for refined oil and from May 1953 through June 1954 for cake and meal).
° Revision
for January 1954: 238,765 short tons.
S-26
H U K V E Y OF CU.KKENT BUSINESS
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
April 195
1955
1954
U
ary ~
March
April
May
June
July
August
1
Septet October Novem- December
ber
January
February
March
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS, OILS, ETC.— Continued
Vegetable oils, oilseeds, and byproducts — Con.
Flaxsced:
Production ('crop estimate)
thous. of b u _ _
Oil mills:
Consumption
do
Stocks, end of month
-do. _
Price, wholesale, No. 1 (Minneapolis)_dol. per b u _ _
Linseed oil, raw:
Production
thous. of l b _ .
Consumption, factory
_ 71
_
.do
Stocks at factory, end of montho
do
Price, wholesale (Minneapolis)
do). p e r l b _ _
Soybeans:
Production (crop estimate)
thou^. of bu
Consumption, factory
do.
Stocks, end of month
_
_do. . _
Soybean oil:
Production:
Crude
thous. of lb._
Refined
do
Consumption, factory, refinedd"
do
Stocks, end of month:
Crude
_ _ _ _ _ _do _
Refined &
do
Price, wholesale, refined (N. Y.)
dol. per l b _ _
Margarine:
Prod net i on d*
thous. of l b _ _
Stocks (factory and warehouse) cf
do. .
Price, wholesale, vegetable, colored, delivered
(extern U S )
dol per Ib
Shortening:
Production
- thous. of Ib.
Stocks end of month
do
i 41, 534
2, 519
3, 183
3.89
2, 266
2,323
3. 93
1, 954
1,359
3. 92
2,079
596
3.99
50, 439
32, 01 2
464, 289
.140
44,419
36. 362
466, 099
.145
38, 784
37, 349
438, 266
.141
40, 343
35. 141
375,137
. 142
2, 248
1,179
3.88
44, 293
39, 263
331 , 862
. 1 53
2, 596
1,782
3. 63
50, 223
41,176
231, 572
.160
3, 545
1. 946
3.47
69, 697
43,111
218.100
. 1 60
4, 058
2,718
3.41
3, 575
4,009
3. 39
2,988
6,085!
3.37
2,752
5,292
3.38
2,341
4, 550
3.35
1,884
4,276
3. 36
3.2
79,719
53, 989
224, 903
.152
68, 821
41, 254
195,183
. 145
58, 487
44,051
214, 023
.135
54, 165
39, 683
186, 697
.126
46, 204
34, 933
181, 927
.123
37, 058
40, 974
161, 731
.125
?~L2;
21 483
33. 243
19, 777
24, 355
230, 957
205, 325
192, 795
214, 068
187, 174
185, 616
109,016 118, 602
66, 755
80, 090
. 195
* . 194
128, 114
73,078
* . 194
116,346
27, 279
124, 476
2 23 763
119,803
2 25 467
.273
.273
.273
i 342, 795
21, 181
~ 22, 197
44, 613
50, 740
18 873
56, 948
1 9, 252
52, 297
1 7, 649
43, 209
17,546
33. 454
15.437
24, 598
1 5, 361
15, 321
1 t. 795
4, 894
11,140
9, 21 8
21,735
37. 312
208, 706
186 529
181, 253
213, 372 1
188. 570
183, 214
194,526
180.911
187, 113
1 93, 327
186, r 97
182.924
171.614
175 831
180,938
173, 189
127 217
146,845
166, 116
171 ^96
1 69, 920
125,318
148,712
169, 341
235, 894
198, 863
200, 722
239, 625
210,262
204, 223
138,111
95, 000
. 1 85
140, 958
98, 466
.194
142,208
98, 429
.204
127.599
103,331
.20!
114, 142
96, 91 9 !
. 209
132,221
78, 743
. 209
1 1 7, 0.83
78, 671
.213
73, 503
53, 722
.203
91,115
54, 679
.203
96 887
59, 988
.192
124, 242
26, 516
116, 538
23, 867
118,586
21.219
102.844
25.462
90, 334 i
24, 643
87, 339
22,810
105. 344
23, 762
118,051
19 824
117,979
93 615
134,717
19, 952
. 283
.273
. 273
273
°83
155, 909
93, 443
178, 279
88, 576
180,323
83, 881
177.934
96, 309
100, 013
39,915
60, 098
117, 808
46, 792
71,016
124,629
46, 778
77, 851
123,071
45, 275
77, 790)
2,816
5,168
598
486
3,301
6,257
662
524
2,716
6,478
554
428
2,812
5, 370
483
401
29, 987
33, 376
19, 148
39, 810
28, 587
11,215
25, 134
35, 421
37, 252
19, 958
46, 303
32, 796
10,855
26, 381
31,567
36, 889
17,892
43, 413
31, 055
11,473
25, 448
32, 805
35, 039
18, 630
42, 163
30, 152
12,138
25, 500
227, 765
204. 180
196, 475
. 283
. 283
.270
.267
115, 7«6
112,336
98, 826
1 0)0, 463
104, 414
164,422
96, 260
1 82, 323
108, 083
186,148
106, 657
178, 888 172,515 168, 263
122, 760 2 119, 826 2 128, 537
131, 926
46, 531
85, 395
118,024
41, 182
76, 842
121,584
45, 042
76, 542
114,934
42, 925
72, 009
107, 498
43, 390
64, 108
103, 132
43, 448
59, 684
r 93, 633 109, 796
45, 017
'41,811
' 51, 822 64, 779
3, 323
6,416
431 1
430
1,894
5, 193
271
371
2,962
7,134
366
548
3, 430
7,840
362
586
3,074
7,520
332
416
3, 096
7, 350
316
508
3,662
6, 470
329
452
3,290
6,908
414
553
29, 592
33, 250 i
18,174
43,814
31, 988
10, 344
23, 722
21,680
28, 086
13,371
36, 486
28, 004
9,760
22, 342
28, 824
31 , 808
18, 073
34, 341
27, 540
9, 396
26, 581
33, 519
37, 352
19, 588
44, 389
27, 411
9,767
27, 773
33, 057
39, 196
21, 132
48, 970
27, 943
9,702
32, 671
32, 893
36, 495
21,281
46, 532
28. 487
10, 259
33, 204
33,010
35, 205
20, 344
49, 773
30, 285
9,209
36, 105
34, 380
36, 860
20, 698
53, 806
31, 397 |
11, 347 i1
36, 018 ^
. 283
P. 187
*> . 273
PAINTS, VARNISH, AND LACQUER §
Factory shipments total
Tndustrial 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 Ib
Molding 1 and extrusion materials
_ _ do
Nitrocellulose sheets rods and tubes
do
Other cellulose plastics
do
Phenolic and other tar acid resins
Polystyrene
Urea and mclamine resins
Vinyl resins
Alkyd resins
Rosin modifications
Miscellaneous resins
do
do
do
do_
do
do
__ _ do
104 203
44. 383
59, 820
--i
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total J
mil. of kw.-hr.
Electric utilities, total
do _ _
By fuels
do
By water power
_
do__
40, 887
35,211
26, 647
8,564
45, 166
38, 918
28, 998
9,921
42, 857
36, 835
26, 925
9.910
43, 529
37, 429
27, 079
10, 350
44, 975
38, 901
29,315
9.586
45, 969
40, 077
31, 319
8, 759
47, 196
41. 167
32, 825
8.342
45, 529
39, 547
31,743
7,805
46, 709
40, 456
32, 624
7,832
46, 464
40, 217
32, 101
8, 116
49, 887
43, 427
34, 379
9,048
50,404
43, 955
34, 526
9,429
46, 269
40,230
31, 659
8,571
Privately and municipally owned utilities _ -do
Other producers (publicly owned)
do
29, 478
5,733
32, 719
6,199
30, 913
5, 923
31,007
6,422
32, 535
6,366
33, 279
6,798
34, 274
6,893
32, 978
6,569
33, 989
6,467
33, 889
6,329
36, 285
7,142
36,294
7 661
33, 230
7 000
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 li^ht and power
do
5,676
5,291
385
6, 247
5,781
467
6, 021
5,573
448
6,100
5,672
427
6,074
5,681
393
5,892
5,556
335
6, 030
5,709
321
5, 981
5,678
303
6,253
5,922
331
6,247
5,876
371
6,460
6,040
421
6,448
6, 139
309
6,039
5,742
296
33, 112
33, 032
32, 885
32, 483
33, 119
33, 845
35, 045
35, 149
35, 108
35, 392
37, 093
5,902
15, 294
5,794
15, 734
5,802
15,865
5, 805
16, 075
6,119
16, 440
6, 626
16, 167
6,795
16, 920
6,786
16.996
6,503
17, 385
6,264
17, 571
6,937
18, 131
439
354
374
386
399
397
345
359
344
346
440
Railways and railroads
do
9,239
8,163
8, 425
9,719
8,942
8,321
8,740
9,200
10,203
8, 723
8,588
Residential or domestic
-do
945
818
663
756
1,170
894
606
1,236
1,118
720
637
Rural (distinct rural rates)
do
273
352
342
311
282
364
290
389
305
328
417
Street and highway lighting
do
768
769
792
763
747
797
798
807
773
813
Other public authorities
do
820
49
48
53
53
57
55
56
57
57
49
47
Interdepartmental
do_ __
Revenue from sales to ultimate customers (Edison
Electric Institute) i
thous. of dol.. 596, 954 589, 223 585, 598 579, 131 587, 473 603, 767 616, 706 620, 917 618, 364 620, 306 644, 528
r
2
Revised.
» Preliminary.
* December 1 estimate of 1954 crop.
Beginning January 1955 excludes quantities held by consuming factories. Comparable data for December 1954
(units as above): Margarine, 26,960; shortening, 119,597.
(."Revisions for 1952 for linseed oil and soybean oil and for September 1951-September 1952 for margarine will be shown later.
§Revisions for 1952 appear in the September 1953 SURVEY; those for 1951 will be shown later.
{Revisions for 1952 for electric-power production are shown in the October 1953 SURVEY; those for electric-power sales and revenues, in the October and November 1953 issues.
April 105!
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
SURVEY OF CURRENT BUSINESS
S-27
1955
1954
February
March
April
May
June
July
August
February
J an iiar y
Septem- October Novem- December
ber
ber
March
ELECTRIC POWER AND GAS—Continued
GAS
Manufactured and mixed gas (quarterly) :cf
Customers end of quarter total cr
thousands
Residential (inol house-heatin )
do
Industrial and commercial
do
Sale*' 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
Natural gas (quarterly) :c?
Customers end of quarter total
thousands.
Residential (incl house-heating)
do
Industrial and commercial
do
Sales to consumers total
mil of fherms
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
5, 996
5, 557
436
1,123
794
320
149,015
111,429
36, 718
5, 876
5 447
427
808
502
299
109,536
78, 500
30, 400
5 831
5 408
421
536
280
252
77 386'
52 728
24 239
5, 763
5 341
420
840
545
289
114, 157
83 301
30 242
21,183
19 462
1,696
17, 940
7, 688
9, 599
884, 848
564, 400
304 253
21, 220
19, 546
1,648
1 13,198
3, 755
!
8, 873
575 082
314 607
246. 605
21 344
19 707 ;
1 611
11 237
l' 577
8 989 i
410 366!1
166 266
328 550
22, 027
20 257
1 742
15 243
4, 692
9 754
691 519
384 838
286 716
1
1
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
Production
thous of bbl
Tax-paid withdrawals
do
Stocks, e n d o f month _ _ _ _ _ _
_ _ _ _ . . .do..Distilled spirits:
Production
_
_
thous. of tax gal.
Consumption, apparent, for beverage purposes
thous. of wine gal..
Tax-paid withdrawals. _ _ _ _
thous. of tax gal
Stocks, end of month
do
Imports
thous. of proof gaL.
Whisky:
Production
_ . _ _ thous. of tax gal
Tax-paid withdrawals
do
Stocks, end of month
do
Imports
thous of proof gal
Rectified spirits and wines, production, total § J
thous. of proof gaL.
Whisky
do
Wines and distilling materials:
Sparkling wines:
Production J
thous. of wine gal
Tax-paid withdrawalsj. _ _ _
do
Stocks, end of month J
do._
Imports
do
Still wines:
Production:!:
do
Tax-paid withdrawals^
_
do
Stocks, end of month t
do
Imports.
. . . . .
do
Distilling materials produced at wineries J
do
DAIRY PRODUCTS
Butter, creamery:
Production (factory) t
thous. of lb__
Stocks, cold storage, end of month
do
Price, wholesale, 92-score (New York)._dol. per lb._
Cheese:
Production (factory), totalt
thous. oflb..
American, whole milkj
do
Stocks, cold storage, end of month, total
do
American, whole milk
do
Imports
_
do
Price, wholesale, American, single daisies (Chicago) _
_.
dol per Ib
Condensed and evaporated milk:
Production, case goods: J
Condensed (sweetened)
thous. of lb._
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of month:
Condensed (sweetened) . _ _
thous. of Ib
E vaporated (unsweetened)
. _do
Exports:
Condensed (sweetened)
do
E vaporated (unsweetened)
do
Price, wholesale, U . S . average:
Evaporated (unsweetened). _ _
dol. per case
Fluid milk:
Production!. ... .. __ _
_ . mil. o f l b
Utilization in mfd. dairy products
do
Price, dealers', standard grade
dol. per 100 Ib
Dry milk:
Production :t
Dry whole milk
thous. of Ib
Nonfat dry milk solids (human food)
do
Stocks, manufacturers', end of month:
D r y whole milk
_ _ _ _ _
__
do
Nonfat dry milk solids (human food)
. do
Exports:
Dry whole milk
do
Nonfat dry milk solids (human food)
do
Price, wholesale, nonfat dry milk solids (human
food), U. S. average
dol. per lb._
r
5,909
5, 434
9, 605
7,918
6, 607
10, 40f
7, 949
7,011
10, 680
8, 55t
7,239
11,541
9, 547
8, 646
11,846
9, 302
8, 886
11, 658
8 370
8,112
11,391
6, 986
7,138
10, 779
6, 1 76
6, 475
10,074
14, 405
16, 387
14, 636
13, 87(
13, 905
9, 523
8, 747
15, 787
26, 958
12, 671
10, 15f
862, 917
1, 456
15, 73(
12,718
864, 231
1, 521
14,519
12,029
864,016
1, 694
1 5, 365
11,853
804, 004
13, 780
9, 604
863, 5"3
1,389
13,753
9, 805
861,034
1,496
15,803
13, 487
854, 556
2, 006
17, 792
1, 521
14,975
12, 143
864, 343
1,761
9, 020
5, 315
718,413
1, 328
10, 021
6,272
718, 51 f
1,395
9, 862
5, 998
718, 726
L 551
9, 579
5, 748
719.567
1, 388
9,139
5,732
720, 713
1,616
5, 741
4,129
721, 020
1,288
5, 057
4,898
719,114
1,316
5, 745
4, 834
7,400
6, 349
6, 605
5,823
6, 851
5,996
7,091
6, 126
5, 457
4,825
233
69
1,217
23
147
81
1,272
28
109
74
1,297
44
223
95
1,418
44
186
112
1,478
41
1,286
10, 038
179, 769
322
1,556
1,477
12, 353
170, 754
404
2,128
1,403
10,443
159, 755
582
486
1,112
9,841
150, 766
494
593
116, 570
304, 233
.658
143, 275
346, 542
.651
141, 955
375, 584
.583
100, 400
75, 080
424, 657
396, 344
3,162
120, 280
91, 490
450, 299
426, 049
4,163
.393
5, 638
6, 142
9, 506
6, 486
6, 440
9, 162
6, 216
5, 388
9, 573
21, 586
5.772
5, 330
9, 647
16, 024
13, 267
848! 142
2,344
' 19, 541 23, 008
15,883 r 10, 667
844,415 845, 603
3, 151
2, 444
12,333
8. 654
842, 588
1, 307
6, 355
7, 292
715, 191
1,831
9, 263
8, 610
712,017
2,123
11, 578
8,907
710,071
2,891
10, 286
6,022
711,854
2,209
8,239
4 742
708, 242
1,162
5, 304
4, 506
7, 852
6.957
10, 036
8,930
9,821
8,868
6,224
5, 500
4,701
4,012
59
67
1,458
29
117
97
1,449
35
49
159
1,335
53
85
158
1,259
79
118
192
1, 175
108
105
229
1, 036
127
143
107
1, 170
30
891
10, 469
140, 525
459
5,501
936
9,072
130, 885
332
1,590
3,398
9,873
123,334
364
9,020
26, 985
11,899
139, 287
424
61, 975
65, 505
12, 299
195, 813
544
119, 756
20, 795
12, 726
202, 620
792
40, 197
3. 628
* 12, 698
192, 400
733
6, 212
1,926
9,999
182 237
402
1, 938
164,520
421, 997
.577
160, 855
468, 453
.575
1 29, 685
503, 921
.578
109, 355
508, 476
.579
92, 600
488,618
.595
87, 825
463, 183
.600
86, 835
423, 347
.601
96, 975 r' 107, 240 101, 750
378,610 341, 655 314, 568 "lii," 672
.583
.579
.581
.608
131, 790
101, 410
487, 209
460, 566
4,851
158,515
126, 325
521, 763
494, 770
4,236
155, 036
124, 255
567, 541
538, 051
4,510
127, 180
100, 160
607, 993
572, 290
2,562
109, 575
84, 005
613, 238
578, 765
2,934
91,815
67, 135
613,146
580, 089
4,972
85, 690
60. 540
595, 953
564, 533
4,558
82, 530
57,180
579, 933
549,511
6,664
89, 370
61, 150
548, 850
518,879
5,111
.383
.375
.370
.369
.371
.372
.376
.379
.378
.374
.369
.370
1,875
157, 400
2, 100
194, 900
2,480
244, 100
1, 660
315, 300
1, 730
307, 500
1,950
265, 000
2,570
239, 500
1,930
188, 000
2,175
158,750
1,560
151, 250
2,030
154, 500
2,625
164, 000
2, 175
174, 000
4,784
127, 681
4,997
102, 634
5,373
127, 708
5,242
231, 456
5,010
320, 487
4,723
381, 143
5, 134
410, 355
4,762
410, 170
5,113
355, 473
4,934
290, 624
3, 773
206, 519
4, 775
143, 494
4, 569
104, 537
62
13, 228
56
11, 397
77
8,901
96
12,312
22
14, 773
89
13, 120
27
10, 488
164
11,923
267
10, 526
453
8,307
52
8,227
53
11,373
r
T
r
r
r
r
93, 295
90, 400
64, 085
63. 450
522, 676 499, 742
492, 833 470, 092
3,509
5.73
5.69
5.44
5.39
5.45
5.50
5.54
5.55
5.56
5.56
5.56
5.56
5.56
9, 001
3,711
5.03
10, 683
4, 513
4.96
11. 280
4,744
4.75
12, 999
5, 654
4.61
12, 600
5, 528
4.58
11, 558
4,542
4.72
10, 474
3,904
4.82
9, 369
3,272
4.96
9,021
3,044
5.01
8,474
2,960
5.03
8,841
3,249
5.03
9,105
3,524
4.98
8,884
3, 396
f
4. 93
5,945
107, 050
6,025
134, 800
9,975
140, 200
10, 500
166, 000
10, 660
155, 000
8,730
112,250
7,175
83, 500
6,800
65, 775
6,640
66, 250
6,100
65,350
7,100
84, 800
7,250
95, 400
6,400
90, 400
8,510
88, 712
7,629
85, 511
8,692
83, 977
10, 433
106, 706
11, 956
112, 120
12, 910
91, 505
10, 783
71. 584
9,624
54, 159
8,415
43, 804
8,615
40, 796
8,245
51, 250
8,238
55, 826
6,712
60, 918
2,671
15, 802
2,826
20, 107
4,906
4,655
5,729
17, 231
4,322
31, 787
4,286
8,080
4,178
4,782
3,724
10, 445
2,821
5,354
2,243
6,054
3,130
13, 830
2,982
25, 699
.151
.149
.146
.142
.145
.151
.153
.154
.154
.155
. 154
r
.143
491,340
460, 978
.370
10, 447
4.96
.154
Revised.
d*Revisions for 1952 appear in the October 1953 SURVEY; those for the 1st and 2d quarters of 1953 are available upon request
§Data beginning July 1953 exclude production of wines and vermouth; for July 1952-June 1953 such production totaled 88,000 gallons.
^Revisions for July 1952-March 1953 for rectified spirits, etc., and wines and distilling materials appear in the June 1954 SURVEY; those prior to 1954 for other indicated items will be
shown later.
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical FebruSupplement to the Survey
ary
April
1954
March
April
May
June
July
1955
DecemAugust Septem- October November
ber
January
February
Marc
FOODSTUFFS AND TOBACCO—Continued
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous. of bu._
Shipments, carlot _ _ _ _ _ _ _ ___no. o f carloads..
Stocks, cold storage, end of month
thous. of bu_.
Citrus fruits, carlct shipments
no. of carloads__
Frozen fruits, juices, and vegetables:
Stocks, cold storage, end of month:
Fruits
thous. of lb_.
Fruit juices
do
Vegetables
do
Potatoes, white:
Production (crop estimate)
thous of bu
Shipments carlot
no of carloads
Price, wholesale, U. S. No. 1 (New York)
dol. per!001b__
1
103, 773
2, 385
24, 878
r
2,119
10, 679
3,061
6,095
2,394
3,267
1,899
1,302
848
440
490
162
197
245
806
6,959
3,331
30, 896
2, 755
30, 995
9,270
10, 655
11,202
11,411
9,121
6,591
4,736
4,321
4,905
7,221
293, 585
342, 041
562, 581
253, 404
352, 552
510,944
210,331
408, 680
469, 050
199,389
503, 172
444, 834
221, 658
500,819
443. 724
336, 630
458, 007
492, 594
374, 543
411 550
602, 309
399, 606
338 537
698, 084
413, 657
294 319
709,915
399, 410
253, 837
689, 266
18, 870
23, 925
19, 630
20,528
21,046
12, 562
11,893
14, 425
15, 6l§
12, 543
i 355 0£9
13,985
18, 281
16, 550
22,4
2.981
3.081
3.500
3.981
3.375
4.054
4.835
3.089
3.400
3.663
3.698
«• 3, 225
3,342
"3.7
24, 986
«• 23, 484
30 062
32, 625
26 961
21, 841
»• 29, 743
29, 395
41, 106
34, 868
2,407
13, 194
2,4
8,604
9.4
377, 950 r••348,163 309, 152
248 001 296, 333 357, 503
649, 321 ' 576, 981 505, 428
269,9
391,1
454. 3
T
r
2, 471
18, 975
r
11,549
r
9, 445
7,t
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
12, 386
8,566
7,594
6,531
10, 277
7,119
6,500
r
27, 907
r
31, 570
r
r
8,238
28, 85C
17, 168
14,376
i 370, 1 26
15, 140
10,070
9.121
11, 932
2 35. 290
' 2, 507 r 4, 927
20, 050
24, 258
26, 946
7,685
16, 321
8, 975
16. 31
27, 141
23, 121
21,1.
117, ft
422
8,923
75, 531
526
846
872
«• 1, 825
23, 495
226 695
2,791
3,214
3,160
27,517
165 805
4,201
dol. per bu
do ...
1.509
1.441
1.483
1.374
1.505
1.396
1.518
1.456
1.490
1.375
1. 456
1.323
1.397
1.290
1.429
1.328
1.454
1.378
1.456
1.364
1.420
1.290
1.441
1. 350
1.431
1.413
1.43
1.34
Grindings, wet process
thous. of bu_.
Reeeipts, principal markets
do
Stocks, domestic, end of month:
Commercial
do
On farms
mil. o f b u
Exports including meal
thous of bu
Prices, wholesale:
No. 3. yellow (Chicago)
dol. p e r b u _ _
Weighted average, 5 markets, all grades
do
Oats:
10,232
25, 032
11,466
24, 741
11,127
22, 798
10, 263
25, 835
10, 326
25.151
10, 041
24, 105
10,609
29, 369
10,918
21,352
12, 163
21, 371
12, 102
53, 835
2, 965
11, 670
30, 975
10, 954
27, 831
10, 836
19, 423
11,94
15,53
35, 338
33, 793
1,473.7
7,712
21,704
16, 984
14, 831
20, 560
50,873
63, 192
7,101
4,977
3, 853
60 218
2, 070. 2
9,569
62, 809
8,221
15, 945
989. 8
5, 09S
12, 866
8,045
56, 51
1, 410.
1.553
1. 495
1. 560
1.502
1.571
1.504
1.585
1.532
1.524
1.448
1.495
1.434
1.46
1.39
4,660
4,886
4,602
5,818
12, 704
13, 406
4,750
4,600
192
.788
8,648
447, 253
363
.781
135, 181
104, 782
118, 669
78,605
84, 516
66, 150
Exports including malt
Prices, wholesale (Minneapolis):
No 2 malting
No 3, straight
Corn:
do
1
Receipts, principal markets
Stocks, domestic, end of month:
Commercial
thous. of bu__
do
Exports including oatmeal
do
Price, wholesale, No. 3, white (Chicago) "dol. per bu._
227
.792
5, 185
6 912
18,052
359. 3
3,629
1.610
1.577
1.614
1.581
1. 652
1.610
1.639
1.601
1.540
1.522
1. 481
1.462
1. 522
1.450
7,241
16, 842
2,5, 750
10, 638
7,231
7,840
i 1, 500
10, 510
4,872
2
202, 778
118
209
.770
.763
11,729
24,900
26, 377
1, 182, 323
345
272
.758
.721
26, 278
19,992
348
.786
779
.851
11,471
28, 807
10, 373
7,676
145, 678
36, 349
93, 881
29,233
13, 287
r
217
.708
2
Rice:
7,226
8,193
7, 151
20, 448
20, 499
1,862
.814
17, 88',
553, 2&
.797
.77:
85, 457
33, 125
31, 945
28, 489
129, 028
70, 745
125, 04<
133, 37c
85, 95.
20, 055
922, 637
701
.839
i 58, 853
California:
Receipts, domestic, rough
thous. of l b _ _
Shipments from mills, milled rice
- . _do.-_
Stocks, rough and cleaned (cleaned basis), end
of month..
thous. of lb_.
Southern States (Ark., La., Term., Tex.):
Receipts, rough, at mills
thous. of lb._
Shipments from mills, milled
rice
do_ _
Stocks, domestic, rough and cleaned (cleaned
basis) end of month
mil of Ib
Exports
thous of Ib
Price, wholesale, head, clean (N. O.)_.dol. per lb__
65, 934
59, 246
54, 741
133, 848
169, 918
84, 161
161, 955
36. 832
100, 069
770.2
200, 503
.093
654.6
162, 158
.093
573.7
88, 483
.090
Rye:
Production (crop estimate)
thous of bu
Receipts, principal markets. _.
_.do _
Stocks, commercial, domestic, end of month... do
Price, wholesale, No. 2 (Minneapolis) ___dol. per bu__
433
10, 309
1.249
231
9,811
1.151
667
8,953
1.116
Wheat:
Production (crop estimate) total
mil o f b u
Spring wheat
do
^Winter wheat
do
Receipts, principal markets
thous. of bu._
Disappearance
do
Stocks, end of month:
Canada (Canadian wheat).
_ do __
United States domestic totaled1
mil of bu
Commercial
thous of bu
Interior mills, elevators, and warehouses
thous of bu
Merchant mills •
do
On farms
do
Exrorts total including
\V heat only
1,326
flour
do
do
61, 873
48, 757
r
52, 410
36, 159
36, 656
29, 573
47, 454
43, 304
35, 968
37, 382
124, 217
51, 924
102, 436
48, 217
118, 490
390.6
102, 422
.090
327.3
47, 048
.085
272.0
42, 229
.086
921
8,782
1.101
1,684
8,445
1.061
1,006
11, 708
1.250
20, 883
22, 028
205, 936
19, 660
26, 953
366, 017
354, 795
1, 127. 3
315, 984
348, 139
339, 201
295, 060
291, 191
303, 727
14, 877
11,677
2
349, 007
2901.9
296, 715
66, 674
96, 857
117,630
109, 027
127, 276
721,412
197, 656
173, 728
121, 645
62, 041
98, 056
50, 954
113, 344
61,315
112,015
361.3
74, 435
.075
821.8
112, 973
.074
1,071.8
98, 694
.083
1, 049. 6
61, 983
.094
987.9
44, 623
.094
916.5
42, 515
.094
784.8
1,310
12, 115
1.275
853
12, 047
1.428
1,042
12, 161
1.370
1, 108
11, 662
1.321
i 23, 688
921
10, 940
1.300
1,296
8,984
1.420
105, 576
54, 867
47, 508
195. 401
29, 456
22, 438
379, 215
365, 638
337, 675
414, 580
335, 421
1 676.6
422, 772
334, 158
394, 609
413, 494
387, 159
2 331, 619
2
63. 829
2 99; 038
379, 630
104, 778
296, 462
16, 327
13, 824
60. 332
228, 245
11, 861
447,848 1, 113, 665
172, 842 216,034
20, 768
17, 249
24, 535
21, 524
»• 20, 092 ' 20, 896 «• 17, 952
' 17, 089 «• 17, 379 r 14, 960
*>0.94
419
9, 374
1.396
20fi
8, 779
1.322
28, 032
19, 823
27, 482
354, 877 357, 151
1. 460. 2
374,369 366, 942
348, 267
333, 891
356, 237
351, 522
i 969. 8
i 179.0
i 790. 7
25, 923
216, 820
20, 924
17, 082
21. 603
17, 527
26, 193
22, 331
207, 920
24, 455
21, 036
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
2.708
2.642
2.669
2.747
2.576
2.602
2.620
2.643
2.578
2.695
2.758
dol. perbu._
2.439
2.324
2.370
2.411
2.393
2.153
2.352
2.417
2.447
2.465
2.389
No. 2, hard winter (Kansas City)
do
2.105
2.266
1.852
2.147
1.967
2.101
2.280
2.226
2.327
2.210
2.162
No. 2, red winter (St. Louis)
do __
2.544
2.545
2.358
2.672
2.293
2.589
2.678
2.570
2.578
2.659
2.646
Weighted avg., 6 markets, all grades
do
r
Revised.
v Preliminary.
» December 1 estimate of 1954 crop.
2
Old crop only; new grain not reported until beginning of new crop year (July for barley, oats, and wheat; October for corn).
9 Bags of 100 Ib.; prior to the October 1953 SURVEY, data were shown in thous. of bu. of 45 Ib.
cfThe total includes wheat owned by the Commodity Credit Corporation and stored off farms in its own steel and wooden bins; such data are not included in the
r
493, ?00
145 122
315,689
539, 152
158 981
429, 474
15, 075
12, 074
.094
2.729
2.443
2.338
2.635
2.756
2.410
2.230
2.610
2. 70S
2.456
2.205
2.603
breakdown of stocks.
SURVEY OF CURRENT BUSINESS
April 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical FebruSupplement to the Survey
ary
S-29
1954
March
April
May
July
June
1955
DecemOctober NovemAugust September
ber
ber
January
February
March
FOODSTUFFS AND TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Continued
Wheat flour:
Production:
Flour
thous o f sacks (100 Ib )
Operations, percent of capacity
Offal
short tons
Grin dngs of wheat
thous ofbu
Stocks held by mills, end of quarter
thous of sacks (100 Ib )
E xports do
Prices, wholesale:
Spring, short patents (Minneapolis)
dol. per sack (100 lb.)_.
Winter, hard, short patents (Kansas City). -do
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
thous, of animals
Cattle
__.do _
Receipts principal markets
do
Shipments, feeder, to 9 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
dol. per 100 Ib
Steers, stocker and feeder (Kansas City)
do
Calves, vealers (Chicago)
do.
JETogs:
Slaughter (federallv inspected)
thous. ofanimals__
Receipts principal markets
do
Prices:
Wholesale, average, all grades (Chicago)
dol.perlOOlb..
Hog-corn price 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 9 corn-belt States
do
Prices, wholesale:
Lambs, average (Chicago) . _ _
dol. per 100 Ib
Lambs, feeder, good and choice (Omaha) . do
MEATS
Total meats (including lard):
Production (inspected slaughter)
mil of Ib
Stocks (excluding lard), cold storage, end of month
mil.oflb..
E xports
do
Beef and veal:
Production (inspected slaughter)
thous of Ib
Stocks, cold storage, end of month
_
do
Exports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs) fNew York)
dol. per lb. .
Lamb and mutton:
Production (inspected slaughter)
thous of Ib
Stocks, cold storage, end of month
do..
Pork, including lard, production (inspected slaughter)
thous of Ib
Pork, excluding lard:
Production (inspected slaughter)
do
Stocks, cold storage, end of month
_. do._ _
E xports
do
Prices, wholesale:
Hams, smoked, composite
dol. perlb..
Fresh loins, 8-12 Ib. average (New York)
do
Lard:
Production (inspected slaughter)
thous of Ib
Stocks dry and cold storage end of month t do
Exports
do
Price, wholesale, refined (Chicago)
dol. per lb__
17, 361
81.7
344, 611
40 222
18,871
77.0
376, 594
43, 729
17 217
73.5
339, 250
39 874
16 685
74 9
327, 804
38 682
18 041
77 4
363, 478
41 913
18 022
77.2
361, 956
41 902
18 786
80 4
380, 751
43 752
19,733
88.2
397, 086
45 846
19 688
88 0
397, 719
45 805
19 216
85 9
387 185
44 656
19 174
78 3
382, 856
44 524
19 156
85 6
384, 216
44 567
1,074
4,470
1,373
1,510
1,292
4,046
1,289
1,510
1,284
5,232
1,288
1,649
1 749
4 661
1 658
1,467
6.390
6.095
6.355
6.055
6.400
6.035
6.510
6.135
6.765
6.145
6.960
6.050
6.685
5.995
6.830
6.175
6.925
6.295
6.940
6.235
6. 910
6.325
6.755
6.205
* 6. 650
"6.025
* 6, 805
P 6, 095
518
1,302
r 1. 859
184
660
1,511
' 2, 337
220
598
'r 1,417
2, 048
561
1,439
2,165
640
1,622
2, 298
649
1,635
2,736
738
1,616
2 993
694
1,602
2 980
639
1,583
2 177
517
1.313
1,767
355
563
1,521
2,322
294
660
1,524
314
706
1,638
2,878
540
22.96
20.02
28.00
22.88
19.81
26.00
23.77
20.62
26.00
23.54
20.44
23.00
23.49
18.20
21.00
23.47
16.12
20.00
23.71
17.88
21.75
25.00
18.10
22.00
25.42
18.84
22.50
26.11
19.63
20.00
26.21
19.23
21.00
26.12
20.40
27.00
24.46
20.46
29.00
24.12
21.28
p 25. 00
3,883
2,098
4,554
2,450
3,853
2, 073
3,380
1,909
3,453
1, 993
3,325
' 1, 900
3,852
2,251
4,743
2, 496
5,178
2 746
5,841
3,308
6,119
3 315
5,519
3,183
4,638
2,587
5,491
25.45
25.63
26.75
24.79
21.43
19.75
20.50
19.51
18.66
18.39
16.97
16.51
15.91
15.90
17.7
17.2
18.3
17.5
14.6
14.1
14.1
12.9
12.7
13.6
12.2
12.1
11.7
11.3
1,090
f 1, 033
175
1,149
1,128
188
1,096
1,203
1,045
1,133
1,200
' 1, 193
1,209
1,207
1,391
1,290
1,806
631
1,160
1,323
1,167
1,192
1,223
1,334
185
226
1,080
1,029
1,244
248
1,291
1,841
21.25
20.26
24.25
21.44
27.75
22.31
15.50
17.67
19.50
17.46
19.38
17.50
19.75
17.70
19.25
18.05
20.88
20.22
21.75
20.75
22.75
20.97
1, 517
1,772
755
57
732
33
761, 153
219, 002
5,848
886, 182
186, 362
840
217
r
r
622
1,570
2. 316
130
181
r
r
174
r 1, 140
939
815
17 714
83.1
356, 211
41, 186
171
90
100
25.88
0
24.00
C1)
21.25
0)
1,609
1,563
1,683
1,641
1,673
1,796
1,897
2,026
2,120
1,993
1,665
706
59
653
64
605
47
530
48
467
43
443
41
478
65
638
78
800
81
'844
75
837
831
828, 596
160, 002
4,464
838, 154
138, 622
1,250
905, 294
127, 141
1,088
920, 803
122, 333
2,198
919, 606
126, 183
1,65C
917, 746
121, 290
3,079
924, 790
137, 718
2,346
901, 498
177,078
3,280
912, 239 883, 371 760. 473
208, 380 ' 193, 580 166, 014
6,993
6,718
154, 659
202
147
539
344
135
.396
.392
.398
.408
.405
.417
.414
.438
.443
.450
.455
.460
.449
.435
53, 274
10, 808
55, 672
9.445
52, 190
8,897
48, 262
8,135
51, 950
9,450
52, 385
8,448
53, 001
7,867
55, 324
7,359
56, 119
7,741
52, 466
8,518
54, 704
9,714
58, 810
' 8, 767
53, 174
8,743
9,196
702, 169
830, 303
727, 839
676, 709
725, 640
667, 645
700, 693
822, 728
915, 733 1, 071, 719 1,153,238 1, 050, 606
851, 694
526, 049
413, 507
4,407
628, 446
418, 283
3,832
547, 809
420, 917
4,200
505, 239
384, 643
3,658
538, 092
346, 024
4,016
491,002
282, 873
5,422
526, 732
228, 738
3,779
622, 033
215,057
2,7H
681, 669
233, 612
4,995
799, 131
340, 874
6,692
.638
.541
.660
.540
.671
.574
.669
.626
.646
.587
.611
.598
.630
.534
.553
.513
.521
.450
.546
.459
.556
.412
128, 867
72, 920
39, 558
.213
147, 106
78, 945
23,359
.208
131, 394
74, 024
42, 042
.233
125, 254
69, 278
50, 908
.205
137,369
65, 689
33, 365
.190
129, 394
58, 065
29, 808
.205
127, 058
47, 818
29,047
.213
146, 772
50,460
25, 344
.208
171, 156
51, 349
46, 022
.185
198, 822
75,160
55, 013
.190
225,859
104, 125
57, 324
.173
35,734
241, 692
41, 189
217, 456
39, 205
184, 743
43,216
167, 499
47, 393
151, 147
42, 779
141, 651
47, 532
146, 651
55, 555
188, 417
64, 612
275, 192
73, 380
291, 504
.280
.300
.220
.240
.190
.165
.185
.175
.160
.180
.175
» 5, 501
* 1, 894
' 6, 621 ' 6, 300
3,140 ' 3, 156
'6,125
3,178
' 5, 317
' 2, 398
'4,850
1,869
'4,648
1,215
' 4, 694
953
' 5, 085
792
' 5, 166
900
5,589
1,336
135
41,63<
91, 94C
728
136, 488
1,348
166, 982
1,639
186, 18£
1,435
180, 777
1,031
160, 797
833
138, 784
636
117, 958
325
94,658
193
74, 928
.450
.403
.380
.355
.351
.397
.398
.427
.409
.381
59, 390
61,415
48,719
65, 541
103, 120
101,740
11,991
.639
22, 215
.648
17, 485
.689
' 12, 516 ' 14, 591 11, 861
!678
.537
.471
454
468
183
694
' 1, 100
146
832
••1,250
599
'980
119
820
878
493
765
660
363
695
871
.855
.870
883
.755
.718
.700
843, 809 771, 981
448, 645 ' 504, 624
4,843
4,037
628, 102
530, 537
539, 875
'.536
.431
.479
.425
P. 479
.422
203, 886
124, 391
54, 807
.163
163, 743
137, 882
.153
p. 156
64. 744
40, 480
269, 863 ' 251, 296
36, 267
211, 258
39,349
162, 024
'.188
.243
P . 281
5,771
1,919
5,518
1,902
6,584
235
' 66, 245
.268
62, 517
.287
.317
.334
.422
.410
115, 330
99, 814
' 84, 645
85, 256
17, 024
.518
27, 18i
.475
18, 874
.488
.468
1,629
1,170
1,082
918
578
POULTRY AND EGGS
Poultry:
Receipts 5 markets
thous of Ib
Stocks, cold storage, end of month
do
Price, wholesale, live fowls, heavy type, No. 1
(Chicago)
dol. per Ib .
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—
443
MISCELLANEOUS FOOD PRODUCTS
83,931
79,619
74,768
Confectionery, manufacturers' salest
thous. of dol
Cocoa or cacao beans:
11,905
14, 265
27,081
Imports (incl. shells)
long tons
.619
.578
.535
Prices, wholesale, Accra (New York)
dol. per lb-_
Coffee:
1,409
962
1,060
Clearances from Brazil, total
thous. of bags
795
485
539
To United States
do .-.
735
637
829
Visible supply, United States _ _ _
._
.do
'
1,
945
1,91*
'
1,
92;
Imports
- do
Price, wholesale, Santos, No. 4 (New York)
.858
.760
.870
dol. perlb..
f
l
Revised.
» Preliminary.
No quotation.
fRevised series. Compiled by the U. 8. Department of Commerce, Bureau of the
will be shown later.
{Revisions for 1952 and January-May 1953 are shown in the August 1954 SURVEY.
266
941
522
932
818
1,242
630
799
2,084
1,694
.720
.685
.670
793
424
729
p . 401
228
776
.545
.580
Census, representing factory and warehouse stocks of rendered and refined lard; data prior to June 1952
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
April 1055
1954
February
March
April
May
June
July
1955
August
Septem- October Novem- December
ber
ber
January
February
March
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS— Con.
Fish:
28, 111
41,265
Landings, fresh fish, 5 ports
thous. oflb
138, 468 112, 288
Stocks, cold storage, end of month
do
Sugar:
Cuban stocks, raw, end of month
>• 2, 116
3,316
thous. of Spanish tons..
United States:
Deliveries and supply (raw basis) :
Production and receipts:
57, 480
27, 365
Production
short tons
507, 709 522, 494
Entries from off-shore
do
108, 657 147, 957
Hawaii and Puerto Rico
do
f 561, 201 823 814
Deliveries total
do
r 558, 823 822, 844
For domestic consumption
do
' 2, 378
970
For export
do
Stocks, raw and refined, end of month
r 1, 552
1,479
thous of short tons
276
745
Exports
short tons
Im ports :cf
305, 487 363, 956
Raw sugar, total
_ _
do
236, 902 282, 575
From Cuba
do
66 165
81. 336
From Philippine Islands
do
35, 595
54, 938
Refined sugar, total
do
50, 062
29 570
From Cuba
do
Prices (New York) :
.063
. 061
Raw, wholesale
dol per Ib
Refined:
.499
.498
Retail 9
dol per 5 Ib
.085
.086
Wholesale . _ _ _
dol. per Ib
10, 783
11, 580
Tea, imports
thous of Ib
TOBACCO
Leaf.
Production (crop estimate)
mi] of Ib
Stocks, dealers' and manufacturers', end of quarter total
mil of Ib
Domestic:
Cigar leaf
do
Air-cured, fire-cured, flue-cured, and miscellaneous domestic
mil of Ib
Foreign grown:
Cigar l^af
do
Cigarette tobacco
do
Exports, including scrap and stems
thous of Ib
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 Ib
Exports, cigarettes
millions
Price, wholesale, cigarettes, manufacturer to wholesaler and jobber, f. o. b. destination
dol per thous
r
T
41, 524
110, 328
59, 452
118 806
75, 834
140 009
84, 605
163, 697
73, 274
190, 538
47, 478
202, 228
48, 307
204, 722
35, 270
206, 437
25, 716
194, 338
4,341
4,316
3,991
3,712
3,262
2,812
2, 637
2,447
2,037
51,311
762, 870
287, 257
574 426
569, 756
4,670
60, 519
617,552
181,301
659 133
655, 707
3, 426
56, 392
598, 368
190,496
808 299
807, 168
1 131
44, 495
544, 041
159,787
772, 780
770, 000
2,780
96, 464
759, 214
228, 846
792, 402
792, 000
402
131, 000
471, 248
200, 094
792 383
788, 000
4 383
601,213
426, 594
283, 327
642,314
642, 000
314
797, 114
202, 728
134, 861
636 664
633, 207
3,457
1,625
1,039
1, 625
291
1,484
458
1,239
439
1,108
439
929
474
1,261
351
1,748
467
1,927
690
' 1, 889
583
428, 712
292, 522
136, 185
51, 375
45, 753
331, 129
227, 304
103 825
57, 212
52, 728
370, 023
201, 573
162 6?3
60, 048
50 110
285, 305
165, 368
115, 160
64, 165
60, 609
333, 189
231, 782
96 432
40, 555
39 455
282, 688
160, 492
86 036
2,585
540
155, 555
120, 246
35 309
2, 492
640
118, 165
77, 843
29, 774
859
103
101, 403
87, 990
3,051
679
50
329, 562
263, 644
65, 840
23, 063
14, 144
.062
.061
.061
.062
.061
.060
.059
.062
.060
.060
.060
P. 058
.503
. 086
17, 589
.502
.086
13,984
.500
.086
5,765
.502
.085
7,114
.498
.085
6,599
.498
.085
7, 175
.497
.085
8,494
.498
.085
10, 198
.497
.085
P. 084
r
.502
.086
9,828
r
r
.502
.086
5,786
r
20, 787
175, 001 150, 471
1,712
549, 214 149, 465
215, 486 317, 409
146, 234 ' 29, 065
671, 196 r 569, 512
669, 122 r 567, 044
2,074 '2,468
128, 115
2,513
r
4,288
443, 730
102, 247
571 000 ,
569, 000 689, 000
2,020
1,872
i 2, 200
4,773
4,540
4 084
4,242
370
353
321
301
3, 969
3, 546
3, 755
4,269
19,019
7,875
18
183
21,715
9,133
27, 560
•• 9, 531
17
167
28, 593
26, 787
' 8, 699 9,188
28, 964
8,280
29, 262
10, 300
15, 561
6,389
6,078
3,093
18, 476
6,865
7,900
3,711
17, 369
6,723
7,356
3,290
] 7, 243
6,906
7,030
3,307
17, 883
7,435
6,953
3,495
14, 557
6,411
5, 962
2,184
2, 638
26, 676
406, 560
2.865
32', 295
476, 514
2,485
30, 499
445, 991
2, 487
31, 863
483, 650
2,798
34, 998
510, 197
14, 688
1,183
18, 079
1,252
17, 402
1,415
16,944
1,339
3.938
3. 938
3.938
3.938
17
149
98, 549
59, 066
' 9, 849 »• 8, 856
58. 315
8,969
17
186
39, 278
7,640
30, 927
8,699
18, 363
7,196
7,612
3,555
18, 866
7,105
8,361
3,399
18, 252
7,021
8,214
3,017
16,983
6,857
6, 933
3,193
14, 556
5,689
5,764
3,104
16, 251
6,536
6,516
3,199
15 698
6,011
6 377
3,309
2, 759
28, 959
434, 978
2,501
34, 568
526, 817
3, 395
31, 964
503, 475
2,472
31,593
501, 498
3,298
29, 699
573, 184
2, 805
26, 651
425, 958
2,644
30, 438
408, 334
2,516
28 655
399, 885
17, 643
1,310
14, 275
1,273
17, 902
1,006
18, 487
1,200
17, 219
1,342
16, 790
1,432
14, 842
1,399
15, 924
1,109
14 968
3.938
3, 938
3.938
3.938
3. 938
3.938
3.938
3.938
3.938
10, 842
63
46
2, 265
2,213
8,879
106
13
2, 414
1,097
8,713
142
23
1 876
909
9,560
147
109
2 365
901
7,125
55
45
1 836
628
9,227
91
51
2,513
986
.325
.098
r
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins
thous. of Ib
Calf and kip skins
thous of pieces
Cattle hides. _
_.
do
Goat and kid skins
do
Sheep and lamb skins
do
Prices, wholesale (Chicago):
Calfskins, packer, heavy, 9^/15 Ib
dol. perlb.Hides, steer, heavy, native, over 53 Ib
do
LEATHER
Production:
Calf and kip
thous. of skins
Cattle hide
thous of hides
Goat and kid
thous of skins
Sheep and lamb-.__
do
Exports:
Sole leather:
Bends, backs, and sides __
- thous. o f l b
Offal, including beltins offal
do
Upper leather
thous of sq ft
Prices, wholesale:
Sole, bends, light, f. o. b. tannery
dol. per lb-Upper, chrome calf, B and C grades, f. o. b. tannery
'.
dol. per sq. f t _ _
r
r
7,436
59
M3
1 550
898
9,372
54
50
1,839
2, 158
13, 492
26
13
2,440
3,288
14, 633
101
10
2,268
3,757
11,554
153
33
2,166
2,219
10, 491
161
38
2. 163
1,538
.413
.103
.413
.108
.413
.108
.475
.128
.455
.118
.425
.123
.350
.133
.300
.123
.325
.113
.350
.123
791
2,015
2 330
1,870
762
2,117
2,732
2,219
712
2,039
2 149
2,001
706
2,016
2, 124
2,172
751
2,038
2 477
2,141
634
1,643
2,078
1,613
783
2,010
2,121
2,320
730
1, 959
1 920
2,036
787
2, 009
1 951
1, 873
945
2 071
2 078
1,' 959
57
23
3,440
27
29
2,733
78
58
4, 950
93
15
3,779
48
116
2,951
90
39
2, 728
23
37
3,183
33
6
3,723
50
18
3,360
66
48
3 592
.660
.660
o660
.690
.680
.670
.650
.635
.628
.600
.595
.595
.600|
p. 595
.985
.988
.988
.955
.908
.863
.898
.877
.870
. 893
P. 910
.325
. 108
.375:
. 108
P. 400
P. 105
I
.948
.950
.962
r
Revised.
*> Preliminary.
i December 1 estimate of 1954 crop.
cfRevisions for 1952 are shown in the April 1954 SURVEY.
9 Data represent price for New York and Northeastern New Jersey.
§Revised to represent data based on number of stamps used by manufacturers; revisions prior to May 1952 will be shown later.
r
r
986
2, 189
2 186
1,923
61
39
3 574
r
956
2 109
r 2 197
1,923
r
947^
2 085 '
2 171!
2, 117i ' |
34
19
3 224
SURVEY OF CUEEENT BUSINESS
April 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical FebruSupplement to the Survey
ary
S-31
1954
March
April
May
June
July
1955
January
DecemAugust SeptemOctober November
ber
ber
February
March
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers :f
Production, total
thous of pairs
By types of uppers:
All leather
do
Part leather and nonleather
.
do
Shoes, sandals, and play shoes, except athletic,
total
thous. of pairs 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
. _ _ .1947-49 = 100- Women's oxfords (nurses'), side upper, Goodyear
welt
—
_ - 1947-49=100
Women's and misses' pumps, suede split... do ....
43, 702
49, 812
44, 675
38 850
43, 533
41 051
48 523
42 795
42 883
41 630
44, 165
35, 182
8,520
39 508
10, 304
34 440
10, 235
31 713
7,137
36, 135
7,398
34 290
6,761
39 898
8,625
34 217
8, 578
34 016
8,867
32 797
8 833
36 426
7,739
40, 488
45, 704
40, 401
35, 059
38, 772
36, 154
41, 737
35, 787
35, 349
34, 763
7,812
1,473
21, 901
6, 053
3 249
2,641
281
292
411
8 579
1,732
25 301
6,372
3 720
3 560
274
274
370
8 060
1,563
22 300
5 307
3 171
3 682
284
308
484
7 140
1 527
18 656
4 873
2 863
3 359
268
164
272
7 812
1,734
20 722
5 370
3 134
4 346
280
135
306
6 783
1 658
20 791
4 856
2 066
4 561
228
108
280
7 848
1 953
23 065
6 122
2 749
6 315
293
178
347
7 508
1 685
18 351
5 513
2 730
6 447
288
273
367
8 089
1,621
17 611
5 262
2 766
6 939
331
264
403
7 876
1*451
16 621
5' 733
3 082
6 427
290
150
328
110.3
110.3
110 3
110.0
110 0
110 0
110 0
110. 0
110 0
117.5
112.3
117.5
112.3
117.5
112.3
117 5
112.3
117 5
112.3
117.5
112.3
117 5
112.3
117 5
112.3
117 5
112 3
r 45 836
2S2 608
r 57 413
294' 520
68 963
298 175
3 349
3 148
48 424
48 971
39, 939
45, 477
45, 322
8 934
1 585
19 606
6 345
3 469
3 757
337
132
283
9 041
1 914
24 605
6 432
3 485
2 429
331
187
303
8 928
1 851
24 876
6 444
3 223
3 098
337
214
110 0
110 0
110 0
110 0
110 0
116 8
112 3
116 8
112 3
116 8
112.3
116 8
112 3
116 8
112 3
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES
Exports, total sawmill products
_
M bd. ft
Imports, total sawmill products
do _
National Lumber Manufacturers Association:©
Production, total
mil. bd. ft
Hardwoods ___ _
_
do
Softwoods
do
Shipments,- total _ . _ - - _
do
Hardwoods
do
Softwoods
_ . - _ - - _
do
Stocks, gross (mill and concentration yards), end
of month, total
_. _ _ ._ _. mil. bd. ft
Hardwoods
do
Softwoods
_
__
do
74, 212
181, 590
70 262
233, 01 5
65 723
215, 384
2 901
€80
2,221
2,808
612
2,196
3 358
3 310
690
660
2 668
2 649
3 387
9,221
3,379
5,842
r 71 962
65 298
18s' 115 r 257 836
3 273
634
2 639
3 169
49 128
340 991
2 671
41 270
354 922
44 929
63 188
281 350 r 251 556
r 2 830
2 881
617
648
2 499
3 293
2 887
' 592
2 295
2 913
' 517
2 395
3 240
' 584
2 657
3 202
540
599
545
545
542
2 662
2 730
2 523
2 529
2 311
2 293
3 116
3 083
601
557
543
2 748
3 330
2 591
3 068
2 540
3' 074
r 521
r 2 309
r 2 853
561
603
565
524
2 784
2 604
2 768
2 023
2 797
' 540
2 257
3 470
9,183
3 528
5,757
5,655
9 288
3 598
5' 690
9 111
3 690
5 421
8 959
3 746
5 213
8 929
3 821
5' 108
8 967
3 865
5 103
8 934
3 841
5 093
9 054
3 879
5 175
9 063
3 877
5 186
9 094
3 856
5 238
9 082
3 798
5' 284
1 033
944
763
941
898
951
874
858
831
925
884
899
712
850
787
455
867
440
470
757
660
778
752
735
774
802
718
882
850
782
817
680
881
846
831
969
742
877
889
819
36 218
13 991
22, 227
30, 393
10 329
20, 064
13, 534
3 975
16 119
4 872
11, 247
r 24 742
10 078
r
14^ 664
825
768
863
794
949
729
810
810
748
27, 592
5 866
21, 726
369
895
342
365
791
9,506
33 151
13 645
19 506
32 448
8 398
24, 050
30 088
14 055
16 033
3,353
599
2,754
9,227
2 320
2 912
619
SOFTWOODS
Douglas fir:©
Orders, new
do
863
Orders, unfilled, end of month
do
855
Production
do
791
Shipments
._ ...
do
778
Stocks, gross, mill, end of month, __ _
do
1,011
Exports, total sawmill products}:
M bd. ft.
39, 609
Sawed timber}:. _ _ _ _ _
_ •
do
19, 937
Boards, planks, scantlings, etc. t
.. do __
19, 672
Prices, wholesale:
Dimension, No. 1 common, 1" x 4", R. L.
dol. per M bd. ft
73. 941
Flooring, B and better, F. O., 1" x 4", R. L.
dol. per M bd. ft.. 125. 922
Southern pine:©
Orders, new
mil. bd. f t _ _
680
Orders, unfilled, end of month
do _ _
251
Production
_
_ _
do
687
Shipments. .
do. _
630
Stocks, gross (mill and concentration yards), end of
2,121
month
_ _._ * _ _ m i l . bd. ft.
6,380
Exports, total sawmill products
M bd. ft
Sawed timber.. _ _
___
do
1, 528
Boards, planks, scantlings, etc
do
4,852
Prices, wholesale, composite:
Boards, No. 2 and better, 1" x 6" x R. L.
72. 092
dol. per M bd. ft.
Flooring, B and better, F. G., 1" x 4" x S/L
dol. per M bd. ft.. 155. 379
Western pine:©
Orders, new
mil. bd. ft...
512
Orders, unfilled, end of month
do
383
Production _
_.
_ _
do
444
Stocks, gross, mill, end of month
do
Price, wholesale, Ponderosa, boards, No. 3 common,
1" x 8"
dol per M bd ft
865
963
1 013
961
40,917
15, 285
25, 632
1 037
3 188
6,318
9,559
1 002
75. 054
74.767
75. 180
76. 951
81. 592
81. 779
84. 482
86. 849
83. 699
82. 999
125. 922
125. 767
125. 767
125. 440
126. 671
126. 671
127. 683
132. 953
131, 361
131. 361
742
693
832
238
714
712
735
892
257
761
736
728
355
707
798
331
725
856
297
682
762
290
664
718
700
683
662
261
690
712
276
666
714
259
680
700
239
726
682
276
666
665
303
2, 146
5, 512
2,148
6,414
1,601
4,813
2 126
6 806
1 564
5 242
2 035
1,904
1 824
8,043
7,022
6,329
1,798
1 202
5,127
1 770
5 867
1 573
4 294
1 722
8 427
2 897
5 530
702
605
135
470
1 746
7 442
3' 104
4 338
1 747
6 500
2 648
3 752
1 773
1 770
6 273
923
4,589
5,224
711
1
8
3
5
r 83. 972
r
131.361
702
72. 271
71.030
70. 268
70. 633
74. 624
74. 327
75. 218
75. 923
78. 021
78. 199
154. 154
152. 929
151.471
151.471
150. 981
151. 557
151.680
152. 170
152. 170
151. 839
673
427
638
496
1,770
662
418
568
628
1,710
675
410
720
793
463
724
715
499
635
785
516
791
754
459
851
1,684
1,712
1, 696
1,652
1,676
1,716
825
422
818
788
1,746
694
382
679
654
1,771
668
439
604
611
1, 764
597
485
491
551
1,703
70 90
71 01
70 64
70 16
69 36
70 65
71 51
71 62
n
4.200
9,450
4 550
10, 000
4 350
10, 4 50
4,600
3,950
3 900
10, 550
3, 450
5 650
11, 150
3, 950
5 150
11, 300
3, 450
5 200
12, 000
3 700
3, 90G
3 650
3 nrrv
11, 700
4, 450
3, 950
11, 050
4 OKI)
12, 550
4,000
4,000
11, 050
r
r
78. 480
151. 609
85. 534
P 85. 070
132. 178 P 132. 180
673
fi79
646
78. 471
f 77. 510
150. 996 IP 151. 000
598
477
535
590
1,648
oo
HARDWOOD FLOORING
Maple, beech, and birch:
Orders, new _ _
Orders, unfilled, end of month
Production __ _
Shipments
Stocks, mill, end of month .
Oak:
Orders, new _ __ . _ .__
Orders, unfilled, end of month
Production
Shipments
...
Stocks, mill, end of month
r
Revised.
*» Preliminary.
M bd. ft
do
do
do
do
__.
do
do
do
do
do
9,850
3 900
1C, 500
3 Qrf,
10, 650
89, 079
68, 085
75, 518
75, 737
68, 070
99 618
76, 534
89 459
89. 853
66, 173
84 824
74, 554
90 062
90 926
62, 495
4,800
4 050
11,150
4,750
10, 350
9,500
8,200
8,500
8,875
78 781
66, 643
86 999
86 688
61, 090
99 934
71, 364
92 604
95 213
57, 486
95 444
73, 118
90 587
93 690
54, 383
104 462
77, 983
96 999
99 597
51, 268
100 481
79, 782
99 590
100 17°
47, 984
4 300
11, 380
4,300
3, 900
9,200
91 449
73,083
100 488
101 216
47, 256
11,650
4,400
3, 500
10, 350
81 496
64, 301
13, 425
3,525
3, 625
10, 900
QQ 0-1 (>
65, 157
Q7 74fi
Q7 S"34
94 988
49, 524
88 960
57, 375
87, 013
98, 574
QA 88 £
52, 966
52. 045
3t adjustments to 1953 benchmark materials; 1950-52 annual totals and monthly data for January-September 1953 will be shown later
n slu ments and
mro -^
i « T -,n C o -T.-V.
' P
»
stocks; also orders, except for all types of lumber) are available upon request as follows: Total, all types, January 1950-February
1953; Douglas fir, January 1952-February
1953; Southern pine, January-December 1951; Western pine, January 1950-February 1953.
^uuaiy i*ou ewuary
JRevisions for 1952 for exports of Douglas fir sawmill products will be shown later.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical FebruSupplement to the Surrey
ary
April 1955
1954
March
April
1955
DecemAugust SeptemOctober November
ber
ber
July
June
May
January
February
March
LUMBER AND MANUFACTURES—Continued
PLYWOOD
Hardwood (except container and packaging):*
Shipments (market), quarterly total
M sq. ft., surface measure
Inventories (for sale), end of quarter
do
Softwood (Douglas fir only), production*
M sq. ft., %" equivalent _.
164, 857
30, 741
167, 888
34, 681
318, 019
376, 994
355, 285
342,385
266, 451
205, 325
30, 451
178, 411
29, 266
394, 659
392, 810
393, 101
344, 012 r 372, 445 r 409, 286 r 415, 616 383, 198
100, 114 ' 128, 576' 192, 980 166,290 153, 558
139, 629 149, 686 147,345 *• r137, 804 153, 263
41, 256
20, 573
22, 033
29, 448 31, 796
591, 949
325, 765
128, 106
27, 695
712,921
451, 550
104, 291
11. 124
141, 689
207, 060
386, 812
392, 579
389, 408
444, 081
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.) :
Exports total O 9
short tons
Scrap
-do
Imports total?
do
Scrap
-- - do _ _ _
r
300, 404 r 315, 962 ' 360, 814 r 271, 164 r' 326, 515r
65, 419
66, 790 r103, 464
40, 561 101, 475
70, 839
86, 726 103, 650 123,409 r 140, 311
1,355
2,016
3,121
11,073
14, 650
Iron and Steel Scrap
Production and receipts, total* thous. of short tons__
Homp scrap produced*
do
Purchased scrap received (net)*. _
do
Consumption total
do
Stocks consumers', end of month
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 by 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
4,806
3,040
1,767
4,912
6,940
5,103
3,181
1,921
5,194
6,811
4,893
2,974
1,919
5,133
6,571
5,090
2,951
2,140
5,350
6,315
5,218
2,965
2,253
5,224
6,315
4,557
2,633
1,924
4,378
6,494
4,770
2 701
2,069
4 664
6,599
4,729
2,717
2,011
4,814
6,510
5,362
2,939
2,423
5,356
6,509
5,866
3,066
2,800
5,520
6,852
6,185
3,290
2,896
5,685
7,349
' 6, 004
' 3, 384
' 2, 619
rr 6, 066
7, 284
P 5, 641
P 3, 293
v 2, 573
p 6, 004
P 7, 161
2,982
1, 653
8,399
3,117
1,597
9,920
4,466
3,059
11,327
9,818
10, 573
10, 580
11,610
12, 399
9,790
10, 994
11, 987
8,796
10, 295
10, 823
8,269
8,913
9,333
7,848
6,776
8,070
6,554
3,272
4,101
5,726
2,907
1,896
6,737
f 2, 787
1,587
'8,023
2,741
1,531
9,227
0
5,787
36, 386
29, 661
6,725
795
0
5,932
30, 587
24, 553
6,035
844
1,525
5,287
26, 142
20,690
5,452
932
9,952
5,376
29, 563
24, 147
5,416
1,119
10, 608
5,396
34, 996
29, 187
5,809
r
1, 495
11,016
5,155
40, 723
34, 537
6,186
1,540
9, 555
4 895
45, 733
39 199
6,534
1,691
7,951
4,620
49, 753
43, 083
6,670
r
1,881
7,25?
5,398
51,868
44,980
6,889
1,736
2,918
5,845
49, 975
43, 065
6,911
1,711
18
6,341
44, 018
37, 427
6,591
1,178
0
6,620
37, 470
31, 360
6,110
1,081
0
6,447
31, 108
25, 222
5,886
92
74
'97
93
83
65
55
71
47
93
59
65
865
936
492
842
1,047
553
826
995
528
775
943
516
804
987
556
829
821
450
830
935
542
811
921
534
789
943
552
760
997
547
745
1,074
564
783
1,092
563
81,579
69, 078
37, 792
74, 219
84,342
47, 125
69, 094
74, 515
39, 102
67, 040
67, 856
37, 306
60,163
72, 820
41,121
63, 711
50, 893
25, 243
62 494
59, 259
34, 528
66 742
58 015
33, 929
71,090
64, 321
36, 956
80 686
70 030
41, 609
85,064
80, 599
49, 005
99,817
82, 028
48,000
4,811
4,809
4,959
4,892
4,503
4,505
4,624
4,691
4,724
4,813
4,626
4,469
4 567
4, 495
4,462
4,486
4,984
5,061
5,257
5,336
5,587
5, 576
5,785
* 5, 827
5,443
P5, 587
2,829
2,858
2,809
2,729
2,620
2,762
2,843
2,743
2,640
2,533
' 2, 536
2,447
p 2, 383
56.03
56.00
56.50
56.03
56.00
56.50
56.03
56.00
56.50
56.03
56.00
56.50
56.03
56.00
56.50
56.03
56.00
56.50
56.03
56.00
56.50
56.03
56.00
56.50
56.03
56. 00
56.50
56.03
56.00
56.50
56.03
56. 00
56.50
56.03
56.00
56.50
56.03
56.00
56.50
116, 520
88, 699
17, 756
122,310
92, 271
15,502
105, 788
78, 754
10, 768
94, 610
70, 596
9,337
100, 022
72, 881
8,596
75, 848
53, 207
5,815
89 590
66, 792
9,344
88 359
64, 722
8,668
87, 085
64, 004
8,580
87 659
64, 812
7,742
93, 547
69, 843
11, 489
98, 238
75, 044
13, 809
539.2
126.9
94.2
32.7
486.5
130.2
95.5
34.7
459.6
115.8
86.4
29.3
430.6
107.1
80.9
26.2
409.2
113.1
86.2
26.9
395.4
96.8
74.4
22.3
410.1
102.2
77.2
25.0
409 0
109.4
81.7
27 7
382.0
113.0
86.0
27.0
461.2
119.7
89.3
30.4
472.7
128.5
96.4
32.0
487.8
135.9
103.0
33.0
7,083
74
7,290
69
6,971
68
7,473
71
7,364
72
6,628
63
6,667
63
6,807
67
7,702
73
8,089
79
8,287
79
8,838
83
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:
Composite
-- _ _ _ _ dol. per long ton _ _
Basic (furnace)
*
do
Foundry, No. 2, f. o. b. Neville Island
.do _ _ .
T
56.03
p 56. 00
'56.00
Steel, Crude and Semimanufactures
Steel castings:
Shipments total
short tons
For sale, total
__do
Railway specialties
do
Steel forgings:
Orders unfilled, for sale
thous. of short tons
Shipments, for sale, total._
do
Drop and upset
do
Press and open hammer
do
Steel ingots and steel for castings:
Production
_
do
Percent of capacity \
Prices, wholesale:
Composite, finished steel
__dol. per lb__
Steel billets, rerolling, f. o. b. mill
dol. per short ton__
Structural steel, f. o. b. mill
dol. per lb__
Steel scrap, heavy melting (Pittsburgh)
dol. per long ton..
r
491.9
135.4
102.1
33.1
r
8, 497
88
9,979
93
.0524
.0524
.0524
.0524
.0524
.0539
.0541
.0541
.0542
.0542
.0542
.0542
.0542
.0542
72.00
.0437
72.00
.0437
72.00
.0437
72.00
.0437
72.00
.0437
74.00
.0452
74.00
.0452
74.00
.0452
74.00
.0452
74.00
.0452
74.00
.0452
74.00
.0452
74. 00
.0452
P 74. 00
p . 0452
28.50
25.50
26.50
29.50
29.50
28.50
29.50
30.50
32.50
34.50
32.50
36.50
36.50
P 38. 50
Steel, Manufactured Products
Barrels and drums, steel, heavy types:
3,141
3,066
3,238
2,586
3,101
2,217
2,726
2,256
3,208
3,160
2,939
Orders, unfilled, end of month
thousands. .
2 145
2 198
1,892
1,868
1,681
1,902
1, 950
1,908
2,038
1,785
1,848
1,782
1,797
Shipments
_ .. _
do
1,742
1,747
73
67
62
72
68
109
112
90
110
103
67
Stocks, end of month
__.do
77
89
r
Preliminary.
Revised.
*New series, Data for hardwood plywood are compiled by the U. S. Department of Commerce, Bureau of the Census; they cover all known market producers of hardwood types, except
as indicated.
Douglas fir plywood production is compiled by the Douglas Fir Plywood Association.
Data presented are total industry figures, based on reports from plants controlling, on the average,
approximately 90 percent of industry capacity. The monthly totals are estimated from weekly reports by prorating split weeks on the basis of a 5-day workweek, with allowance for generally
observed holidays.
Data for production and receipts of iron and steel scrap are compiled by the U. S. Department of Interior, Bureau of Mines; data prior to 1953 are not available for publication.
Gin the 1952 edition of the export schedule, certain items (pipe fittings, welding rods, bolts, fabricated structural and other shapes) were transferred from the steel-mill products to the
metal manufactures category. The data through 1952 as shown in the 1953 edition of BUSINESS STATISTICS were adjusted to include exports of these commodities for comparability with the
earlier data. Exports beginning January 1953 as published in the March 1953 SURVEY and subsequent issues exclude these items which averaged 21,300 short tons per month in 1953.
9 Revisions for 1952 are shown in the April 1954 SURVEY.
JFor 1955, percent of capacity is calculated on annual capacity as of January 1,1955, of 125,828,310 tons of steel; for 1954, data are based on capacity as of January 1,1954 (124,330,410 tons).
SURVEY OF CURRENT BUSINESS
April 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical FebruSupplement to the Survey
ary
S-33
1954
March
April
May
June
July
1955
SeptemAugust
October
ber
Novem- December
ber
January
February
Mar eh
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
Closures (for glass containers), production — millions^
Crowns production
- thousand gross. .
Steel products, net shipments:
Total
thous. of short tons. .
Bars* Hot rolled all grades
- - do
Reinforcing
__do
Semimanufactures
- -- do ._
Pipe and tubes
do. _
Plates
do Rails
Sheets
Strip* Cold rolled
Hot rolled
Structural c hapes heavy
Tin plate and terneplate
"Wire and wire products
_
-
-
--
do
_-do
-do - _
do --- do
__do ._
do
260, 199
158,093
102, 106
225, 743
291,392
164,625
126,767
252, 080
324, 039
188, 262
135,777
278, 428
317, 666
180, 705
136,961
276, 313
381, 176
224, 254
156, 922
339, 473
405, 152
249, 376
155, 776
368, 035
522, 293
376, 530
145, 763
477, 256
457, 983
328, 454
129,529
408,315
361, 676
236, 275
125,401
319 669
273,616
166,975
106, 641
239 881
283. 386 r
170 125
113, 261 T
247 688 r
279 642
170 068
109 574
940 1 59
1,207
26, 572
1,410
31,680
1,386
31,285
1,308
29, 767
1 , 449
32, 026
1,209
28, 679
1, 330
27. 366
1, 283
21.841
1.328
20,454
1,219
18,264
1,218
18 196
' 1, 248
r 23 833
1, 245
23 366
5,365
549
113
165
664
529
5,584
546
125
161
748
544
5,288
479
146
153
765
457
5,423
494
163
136
731
442
5,887
532
211
157
786
421
4,490
444
168
116
674
376
4, 681
446
152
142
715
365
5,004
471
151
138
694
379
5. 035
5,240
577
140
171
579
398
5 449
6 010
6 120
619
123
200
497
421
623
116
°03
578
439
630
128
255
610
457
178
1,519
113
116
438
393
314
166
1,496
112
120
437
475
366
122
1,481
99
111
384
445
375
82
1,539
94
125
353
607
394
108
1,657
107
14C
373
690
423
80
1,347
74
95
350
242
322
71
1,331
95
109
326
342
351
110,483
462, 577
. 0875
122,339
474, 966
.0892
120,434
435,681
.1037
125,138
451, 744
. 1092
120,758
457, 748
. 1000
126, 161
442, 371
.1000
196. 5
51.2
145.3
80.5
226. 2
56. 2
170.0
93.0
227.2
53.0
174.2
96.9
216.3
47.7
168.7
94.9
530
150
141
662
395
63
59
49
1, 357
1. 633
1,857
110
130
344
273
360
126
144
331
261
366
120,332
413, 265
.1081
125, 089
420. 340
.1100
121,252
423, 395
. 1100
227.2
42.4
184.8
104. 6
.444
225.9
46.2
179.7
101.1
.444
234.3
53.9
180.4
100. 8
.444
237. 0
55. 2
181.8
103. 8
.444
259. 6
' 64. 0
r
195 6
r
108. 7
.456
79. 208
81,417
' 83, 291
97, 619
97, 733
115,917 133 523
118, 707 ' 121, 907
37, 094
47 108
' 95, 810
123 840
113,949
45 982
103
108
346
580
359
125.296
461, 227
. 1000
209. 6
39.6
169.9
94.7
.444
262
157
104
225
127
414
713
208
40
97
103
2 054
2 229
2 166
128
160
347
270
35°
133
158
336
419
393
131
159
338
433
415
127 035
504, 342
.1100
128 203
384 542
.1129
116 000
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production primary
short tons _
Imports, bauxite
longtons..
Price, wholesale, scrap castings (N. Y.)__dol. per lb_.
Aluminum fabricated products, shipments, total
mil. o f l b - .
Castings
_ -- --do_. _
Wrought products, total©
do ..._
Plate and sheet©
___ .
do
Brass sheets, wholesale price, mill
dol. per lb. .
Copper:
Production :
Mine production, recoverable copper__.short tons..
Crude (mine or smelter, in eluding custom intake)
short tons, Refined
do_ .Deliveries, refined, domestic
do
Stocks refined end of month
.do
232.3
48.1
184.2
102.
0
!
. 444
r
65, 307
71, 276
68, 397
71, 455
72, 959
66, 551
51,668
62, 111
71,215
74, 731
103, 933
89,017
118, 720
81, 509
118, 065
95, 795
126, 470
77, 830
112,937
104, 579
124, 516
78, 626
108, 723
111,005
82, 124
86, 119
112, 474
106, 252
69. 289
76, 320
107, 193
97, 436
69, 077
62, 047
104, 693
92, 475
58, 648
69, 882
88, 786
89, 198
48, 775
79. 231
92, 918
105, 293
33 290
24, 183
62, 228
30, 816
31,412
.2970
27, 121
54, 574
38, 161
16, 413
.2970
16, 783
52, 388
32, 740
19, 648
.2970
25, 867
28. 603
20, 508
8, 095
.2970
25,499
Exports, refined and manufactured
do
r
55, 868
Imports, total 9
- -do
' 42, 236
Unrefined, including scrap 9
do
'13,632
Refined 9 -do
.2967
Price, wholesale, electrolytic (N. Y.)
dol. per lb._
Lead:
Ore (lead content):
Mine production
.. _. _ short tons. - 27, 624
29, 342
Receipts by smelters, domestic ore
do
Refined (primary refineries):
42, 046
Production
-- do
36, 551
Shipments (domestic)
do
97, 981
Stocks end of month
_
do
.1282
Price, wholesale, pig, desilverized (N. Y.) .dol. per lb__
Imports, total, except mfrs. (lead content) 9
short tons. _ 46, 957
Tin:
3,232
Production pig§
. long tons
6, 350
Consumption pig tot8l§
do
4,230
Primary§
- do
19, 043 '31,223 ' 29, 685
26,046
r
43, 384 ' 45, 975 ' 51, 989 81,833
'r 32, 960 'r 33, 396 ' 32, 133 ' 35, 310
10, 424
12, 579
19, 856 ' 46, 523
.2970
.2970
.2970
.2969
18, 883
42, 382
32. 786
9. 596
. 2970
r
270. 0
64 4
205 5
116 4
.456
. 1370
. 1575
.476
» . 476
82, 943
r
102, 342
123 162
108, 503
44 579
109. 133
134 933
130.586
46 091
.3294
23, 562
45 608
32. 965
12 643
. 2970
21 533
36 261
25 108
11 153
.2978
.3270
26, 581
27, 456
40 173
46 645
64 938
.1500
29, 531
31,520
26, 900
28, 508
25, 404
25, 762
26, 253
28, 266
25, 364
26, 975
27, 066
28, 835
25 001
25, 244
25 755
26, 884
26 911
29. 107
28 230
29 646
r 27 347
28 767
50, 808
47, 837
100, 927
.1294
46, 730
47,161
100, 441
. 1390
49, 139
40, 183
109, 302
.1400
42, 317
46, 987
104, 626
.1411
35, 716
37, 195
93. 030
.1400
44 089
43 402
84 429
. 1406
47 762
30 891
93' 358
. 1460
51 276
36 307
95 496
.1497
46 711
34 913
94 387
. 1500
46 506
37 017
92 719
.1500
44 780
40 451
84 882
.1500
52, 841
49, 126
' 69, 889
'64,015
41, 494
34, 031
31, 120
' 24. 224
15. 679
19 508
14,392
3, 804
7,190
4, 720
3,207
7,230
4,850
2,235
7 210
5,100
1,425
7,400
5, 100
2
194
6, 300
4, 500
2 232
7 000
4 700
2 625
6 700
4 600
2 636
6 700
4 300
2 439
2 692
6 900
4 330
6 900
4 500
2 728
7 280
4 730
39, 389
26, 646
12, 743
38, 204
26, 650
11,554
33,371
22, 152
11,219
19, 581
6,842
12, 739
12,925
0
12, 925
11,380
0
11, 380
15 127
2 502
12 625
16 491
4 406
12 085
17 024
4 255
12 769
r 16 872
9 855
16 302
1 352
14 9 50
14 751
' 651
34 100
13 970
do_ _
do
dol. per fb._
2,417
3,987
, 8504
1,346
5, 413
.9188
16
5 853
. 9353
3,100
6 859
. 9421
414
3 924
.9654
2,562
5 487
. 9338
2 286
4 601
.9354
r ] 813
9 If/)
r
6 1^1
. 9304
6 450
.9110
2 019
5 568
.8857
1 857
4 143
. 8727
short tons..
39, 398
42, 248
39,915
40, 008
40, 391
38, 445
38, 141
34, 178
35,511
38. 338
39, 035
Ml, 205
.- - do
do
do
do
Louis)
dol. perlb..
Imports, total (zinc content)
short tons__
For smelting, refining, and export 9 -do_
For domestic consumption:
Ore fzinc content) 9 _. _
_.
do
Blocks, pigs, etc
—
do __
68, 020
66, 738
57,781
199,994
71,186
70, 080
66, 929
201, 100
70, 258
70,618
67, 152
200, 740
73, 654
64, 566
61,859
209 828
71 , 540
80, 244
72, 262
201 124
70, 749
73, 846
58, 397
198 027
71 810
76, 584
58 188
193 253
047
415
9f,7
137
80 116
97.617
77 074
134 (y.jfi
S5 161
95, 523
74 QQQ
Y>\ 111
T 86 076
' 93, 201
70 863
T
117 152
. 0938
63, 908
6,704
. 0964
77, 774
1,264
.1025
39,112
2, 054
.1029
. 1096
.1100
. 1100
.1141
50, 847 ' 128, 748 ' 57, 832 ' 56, 952 26, 041
1,239
194
157
45
2 214
. 1150
22. 250
.1150
3 1.205
2 481
. 1150
39,173
3 674
.1150
31, 273
48, 525
8, 679
61,332
15,178
21,439
15,619
40, 594
10, 208
17 608
17 31 5
18,184
16 564
14'. 228'
Stocks pig end of month, total§
Govcrnmcnt§
Industrial!
Imports:
Ore (tin content).
Bars blocks pigs etc
Price, wholesale, Straits (N. Y.)
Zinc:
Mine production of recoverable zinc
Slab zinc:
Production
-Shipments, total
Domestic
_____ _
Stocks end of month
Price, wholesale, prime Western (St.
1
do _
-
do
do
r
1,217
5 171
.9612
r
r
108 738
18,771
3
T
37, 570
20, 068
r
r 45 88$
10, 907
60
77,
64
175
137
885
548
505
12 853
10, 974
67
90^
73
152
128
r }0 601
11,520
r 1 Qf^Q
4 300
T 14 017
ii!iic
<7 608
.1500
14 761
791
."9077 " " " "9104
38, 917
r
78 977
99, 964
80 016
r Q« 165
. 1 1 50
k<i 179
94, ,507
"9 720
90 83"
. llfiO
481
' Revised, v Preliminary.
Specifications changed; no comparable data prior to June 1954.
Production by secondary plants only.
©Data beginning January 1954 are based on a more comprehensive survey.
9 Revisions for 1952 imports are shown in the April 1954 SURVEY.
§ Substituted series. Compiled by the U. S. Department of Interior, Bureau of Mines; monthly data for 1951 arid 1952 appear on p. 24 of the March 1954 SURVEY. Government stocks
represent those available for industrial use.
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical FebruSupplement to the Survey
ary
April 19;
1955
1954
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
January
February
Marc"
METALS AND MANUFACTURES—Continued
HEATING APPARATUS, EXCEPT ELECTRIC*
Radiators and con vectors, cast ironrcf
Shipments
thous. of sq. ft__
Stocks end of month
do
Oil burners :J
Shipments
number
Stocks end of month
-do
Stoves and ranges, domestic cooking, excl, electric:
Shipments, total
_ -.number.Coal and wood
do
Gas (incl bungalow and combination)
do
Kerosene gasoline and fuel oil
do _
Stoves domestic heating, shipments, total
__do
Coal and wood
do
Gas
- -do _
Kerosene, gasoline, and fuel oil
-do
Warm-air furnaces (forced-air and gravity air-flow),
shipments, total
numberGas
do
Oil
do
Solid fuel
- - -do
a
"Water heaters as shipments*
do
1,896
6,292
1,732
6,906
1,738
7, 453
1, 745
7,696
2, 208
7,903
1,937
7 438
3, 315
6 765
3,217
6,478
3,354
5 915
2,700
5,400
1,956
5 434
1,675
5,876
44, 175
71,251
48, 983
77, 203
50, 350
84, 276
52, 781
82, 995
68, 798
80, 845
65 184
75, 345
90 662
72, 238
102, 888
57, 306
101,916
53, 174
67, 660
53, 978
46 882
57, 125
57, 332
50, 686
168, 062
6,110
153, 515
8,437
203, 584
5,643
188, 519
9,422
186, 951
5,876
172, 762
8,313
176, 925
3, 468
164, 228
9,229
187, 944
4, 206
174, 806
8,932
145, 829
4 351
134 896
6 582
196, 180
6,294
180, 210
9 676
222, 839
7,708
204, 947
10, 184
216, 956
7 320
197, 984
11 652
190, 328
6 652
174, 549
9 127
160, 494
5 586
146, 135
8 773
167,752
5,564
153, 065
9 123
74, 542
6,117
33, 364
35, 061
94, 395
7,242
44, 691
42, 462
126,819
6 804
77, 109
42, 906
125, 981
6,474
76, 427
43, 080
180, 323
10 935
111,796
57, 592
203
23
114
66
901
443
195
263
261
36
156
68
936
879
343
714
351, 135
55 091
205, 345
90, 699
417 1854
66 82
257* 606
92 755
284
37
195
51
110
9
74
26
57,217
30, 505
24, 267
2,445
171, 490
69, 280
39, 870
26, 827
2.583
184, 043
72, 488
43, 566
26, 882
2,040
196 767
82. 462
49, 661
30,210
2,591
191 660
95 359
57. 229
33 923
4,207
202 574
92
53
35
3
186
463
116
474
873
598
130, 486
75 062
48, 655
6 769
202 990
148, 370
82, 023
57, 503
8,844
201 405
137, 820
79 02?
50, 963
7 835
198 001
107 615
64 312
38, 594
4 709
175 550
688
823
337
528
245
094
513
638
77 778
4 824
45 531
27, 423
81, 130
50 341
28 055
2 734
163 458
85, 162
50 679
31,829
2 654
200 001
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly:
Blowers and fans new orders
thous ofdol
Unit heater group, new orders
do
Foundry equipment (new), new orders, nett
mo. avg. shipments, 1947-49=100-Furnaces, industrial, new orders, net:
Electric processing
thous. ofdol
Fuel-fired (except for hot rolling steel)
do
Machine tools (metal-cutting types) :
New orders __ mo. avg. shipments, 1945-47=100 _
Shipments
_ _ - __do Pumps, steam, power, centrifugal and rotary, new
orders
thous. of doL.
Tractors (except garden), quarterly:*
Shipments totalO
do
Wheel tvpe (excl contractors' off-high way), .do
Tracklaying
_
do
62 049
14, 586
49, 495
13, 661
37 709
14, 840
39 817
16 368
99.9
82.7
125.3
80.8
86.4
68.8
75.6
68.3
147. 5
61.4
113.9
994
1,686
2,042
1, 119
1, 262
1 711
3, 051
2, 423
986
3,642
457
973
1,053
1 116
986
1 241
2, 403
1 936
1 190
1 534
1 246
4 100
159.8
323.1
169 6
327.2
142.8
302.7
139. 5
270.3
185. 2
276.3
124.7
205 7
147. 9
203.7
180.9
213.4
148.9
191 0
119.5
179 5
202.9
203 4
5,093
5, 319
5,007
5,176
4,733
6,706
5,050
3, 828
5, 224
4,272
173, 955
105, 302
60, 207
211,686
123, 050
74, 731
155 588
81, 158
63, 041
1 148
3 543
976
4 390
' 203. 0 P 209. 7
167 3 p 168 9
T
5,220
4,787
170 716
87 716
69 939
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments
_
_- thousands.
Household electrical appliances, sales billed:
Refrigerators indexf
1947-49=100
Vacuum cleaners, standard type. - _ - thousandsWashers, domestic sales
_
- -do
Radio sets production!
do
Television sets (incl. combination), production!
thousands. .
Insulating materials and related products:
Insulating materials, sales billed, indexf
1947-49=100
Fiber products:
Laminated fiber products, shipments©
thous. of doL .
Vulcanized fiber:
Consumption of fiber paper
thous. of Ib
Shipments of vulcanized products, thous. of dol. Steel conduit (rigid) shipments*
thous of feet
Motors and generators, quarterly:
New orders indexf
1947-49=100
Polyphase induction motors, 1-200 hp:1
New orders
thous. of dol
Billings
do
Direct current motors and generators, 1-200 hp:l
New orders
thous of dol
Billings
do
r
1,422
1,194
1, 150
1,391
1,834
2, 288
2,481
2, 728
2,667
2 410
90.5
199.0
295.2
769.2
89.0
276. 5
307. 9
i 940.4
73.1
220.8
258. 7
745.2
74.1
209.4
246. 9
722.1
81.6
195. 8
303.5
1
837. 7
93. 0
193.6
242.9
438. 1
70 6
185. 4
293.2
785. 5
73.4
238.2
379.7
1
932. 3
51.0
263. 2
339.2
997.8
47 2
237.9
308 4
1, 098. 7
426.9
i 599. 6
457.6
396.3
1
307.0
633.4
1
947. 8
921.5
858. 5
i 833. 4
654.6
120.0
135. 9
124.3
116.3
123. 8
92.3
111.4
123. 2
116 7
123 9
138 3
132 0
8,160
9,598
9,235
8,843
9,521
7,739
8,857
10, 337
9,528
9, 596
10,535
9, 426
10, 076
3,370
1,451
17, 230
3, 850
1. 535
20, 306
3, 266
1, 388
20, 770
3,431
1,237
21, 784
3, 128
1, 236
26, 171
2,566
1,037
2
28, 544
3,062
3, 373
1, 152
1,217
2
28, 076 2 27, 616
3, 251
1,301
2
27, 622
2,964
1, 350
2
29, 645
3,794
1,540
2
25 911
4 037
1,571
24 049
3 918
1,565
544. 1
152.4
152. 5
129.7
35, 208
36 304
36. 817
35. 675
33, 448
33 501
9, 533
9,131
7,958
10, 183
6 755
7,337
1,796
1 478
61.7
%0
250. 1
217.0
264 8 r 357 4
1
1 261. 6 1, 068. 1
2
1,642
262.7
353 2
1, 089. 7 P i i 409
702. 5 r> i 818. '
156 7
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
2,204
2,194
2,354
1,939
2,253
1,958
1,877
2,117
Production
thous. of short tons..
2,226
2, 500
2,816
2,333 ' 2, 442 1,827
Stocks in producers' storage yards, end of month
1,244
1,328
1,405
1,504
1, 656
1, 384
1,252
1,293
thous. of short tons..
1,340
1,223
1,293
1,164
1,267
217
147
273
403
193
130
152
145
359
240
Exports
_ . _ - -do_ _
348
••311
Prices:
24.41
24.62
24.66
24.96
25.19
26.36
26.36
26.05
24.40
25.40
Retail composite 9
dol. per short ton
24.40
25.52
25.67
13. 588
13. 836
15. 533
15. 533
13. 588
13. 713
13. 350
13. 507
13. 657 «• 13. 721
13. 721 P 1 3. 721
Wholesale, chestnut, f. o. b. car at mine.. __do _.
12. 850
13. 381
2
r
Preliminary
* Represents 5 weeks' production.
Data beginning July 1954 are for 13 companies; earlier data, 11 companies.
Revised.
I Revisions for oil burners for January- July 1952 are shown in a footnote on p. S-33 of the January 1954 SURVEY; revised data for other items of heating apparatus will be shown later.
cf Data beginning June 1953 are compiled by The Institute of Boiler and Radiator Manufacturers and represent substantially complete coverage of shipments of cast iron radiators and convectors.
*New series. For source of data and brief description, see corresponding note on p. S-34 of September 1954 SURVEY.
fRevised to reflect use of new base period. Comparable data for 1934-53 for all series (except for foundry equipment) appear on p. 28 of the February 1955 SURVEY.
©Includes contractors' off-highway wheel-type tractors.
§Radio production comprises home, portable battery, automobile, and clock models; television sets include combination models. Data for March, June, September and December 1954
and March 1955 cover 5 weeks; other months, 4 weeks.
© Data beginning January 1954 cover 19 companies.
H Data for polyphase induction motors cover 33 companies; for direct current motors and generators, data for 1st quarter 1954 cover 26 companies, thereafter, 27.
9 Revised to represent weighted average price of anthracite stove based on quotations in 6 cities as follows: Baltimore, Boston, Laconia (N. H.), Madison (Wis.), Middletown (Conn.),
and New York.
SURVEY OF CURRENT BUSINESS
\pril 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical FebruSupplement to the Survey
ary
S-35
1955
1954
March
April
May
June
August
July
Septem- October Novem- December
ber
ber
January
February
March
PETROLEUM, COAL, AND PRODUCTS—Continued
COAL— Continued
Bituminous: cf
Production
thous of short tons
Industrial consumption and retail deliveries, total
thous. of short tons..
Industrial consumption, total
do
Beehive coke ovens . .
_.
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 deliveries
do
Consumption on vessels (bunker fuel)
thous. of short tons..
Stocks, industrial and retail dealers', end of month,
total
thous. of short tons . .
Industrial, total
Oven-coke plants
Cement mills
Electric-power utilities..
Railways (class I) . .
Steel and rolling mills Other industrial... .
.
do
do
do
do _
do
do
.. ..do...
Retail dealers
do
Exports
do
Prices:
Retail, composite!
dol. per short ton._
Wholesale:
Mine run, f. o. b. car at mine
_.
. do _ „
Prepared sizes, f. o. b. car at mine
.-.do...
COKE
Production:
Beehive. __ _
thous. of short tons
Oven (byproduct)
_ ... . _ do
Petroleum coke 9
do
Stocks, end of month:
Oven-coke plants, total
__.
do
At furnace plants ... __
do...
At merchant plants
__
do
Petroleum coke. _ ._
... __ _. _ . do...
Exports.. .
.
do
Price, beehive, Connellsville (furnace)
dol. per short ton.,
29, 932
31, 714
28, 478
29, 198
30, 690
27, 707
33, 484
34, 471
36, 652
37, 158
38, 151
'36,580
35, 100
32, 962
26, 560
106
6,901
624
8,798
1,610
476
8,045
6,402
34, 134
27, 969
59
7,298
676
9,614
1,601
532
8,189
6,165
27, 958
24, 487
56
6,658
625
8, 438
1, 347
411
6, 952
3,471
26, 477
23, 831
47
6,811
641
8, 435
1,356
381
6,160
2,646
25, 535
23, 256
49
6, 593
576
9,029
1,254
339
5, 416
2,279
24, 937
22, 836
45
6,581
675
9, 133
1,278
315
4,809
2,101
26, 453
23, 585
52
6,427
693
9, 568
1,384
306
5, 155
2,868
27,113
23,491
56
6,396
674
9,456
1,233
320
5, 356
3,622
30, 180
25, 783
46
7, 246
740
10, 076
1,375
360
5,940
4,397
31, 538
26, 996
54
7,438
719
10, 435
1,449
432
6, 469
4,542
35, 500
29, 713
66
7,995
775
11, 633
1,544
506
7,194
5,787
'36,332
' 30, 099
'99
8, 258
755
11, 750
1,415
506
7, 316
6,233
33, 767
27, 914
106
7,631
670
10, 840
1,415
506
7,316
6,233
54
47
20
2
3
' 70, 352 ' 71, 041
69, 201
65, 869
63, 751
68, 391
69, 458 r 70, 118
' 12, 193 ' 12, 484 12 335
1,287
1,373
1,311
41,072
40, 889
39,711
1, 475
1, 496
1, 540
606
614
592
12, 979
12, 953
13,057
65, 166
11 476
1, 155
38, 095
1,397
556
12, 487
63, 130
11 066
1, 082
36, 796
1,340
509
12, 337
621
4
5
29
52
62
55
47
75, 194
72, 033
70, 595
69, 432
69, 646
67, 186
68, 566
r
74, 029
14, 730
1,173
37, 969
2, 350
887
16, 920
71, 146
13, 887
1,068
37, 468
2,167
830
15, 726
69,611
12, 856
1,071
37, 504
2,049
798
15, 333
68, 606
12, 596
1,090
38, 299
1, 839
740
14, 042
68, 803
12, 659
1,144
39, 125
1,811
708
13, 356
66, 286
11,125
1,123
38, 848
1,662
639
12, 889
67, 656
11,571
1,184
39, 708
1,657
621
12,915
r
68, 765
' 11, 869
1,233
40, 462
1,597
612
12, 992
47
69, 691
1, 165
887
984
826
843
900
910
926
1,294
1,449
2,462
•• 3, 068
3,136
2,832
3,333
2,940
15. 13
15.12
14.99
5.607
6.787
5.481
6.429
5.403
6. 375
64
4,824
325
35
5,110
395
35
4,658
386
29
4,772
379
31
4, 609
371
30
4,591
420
2,744
1,649
1,096
222
26
2,719
1,525
1,194
269
29
2,860
1,579
1,281
299
24
3, 012
1,657
1,355
331
36
2,973
1,609
1,364
355
46
14.75
14.75
14.75
14.75
2,169
178, 603
91
197, 914
2,563
201, 702
88
214, 620
2,486
198, 440
86
204, 336
264, 629
70, 916
174, 953
18, 760
269, 620
73, 068
178, 057
18, 495
278, 055
75, 852
183, 740
18, 463
14.70
14.70
14.78
14.73
r
894
' 3, 527
923
810
703
3,092
2,481
1,804
15.08
15.10
14.89
14.98
15.04
i 4. 493
6. 875
i 4. 488
2
6. 955
i 4. 484
2
6. 961
40
4,476
412
35
4,456
410
29
5,053
456
33
5,198
444
41
5, 570
471
61
' 5, 745
457
67
5,329
2, 843
1,619
1,224
384
25
2,856
1,624
1,231
395
34
2,917
1,693
1,224
402
14
2,851
1,638
1,213
424
34
2,804
1,597
1,207
395
33
2,794
1,624
1,170
421
50
2,748
1, 654
1, 094
449
29
2, 613
1, 631
981
14.75
14.75
14.75
14. 75
14.25
13.75
13. 75
13.75
13. 75
2, 467
200, 593
89
218, 178
2,298
195,000
88
208, 408
2,867
194, 037
90
214, 402
2,534
191, 190
87
212, 708
2, 298
184, 527
88
208, 155
2,370
190, 198
86
211,851
2,379
190, 367
86
209, 244
r 2, 743
198, 213
88
224, 382
2,486
209, 600
90
228, 737
280, 050
75, 503
185, 570
18, 977
282, 888
75, 187
188, 788
18, 913
282, 665
74, 574
189, 123
18, 968
277, 929
70, 659
188, 260
19,010
272, 502
67, 989
185, 568
18, 945
267, 346
68, 292
179, 582
19, 472
264, 566
67,814
177, 659
19, 093
258, 385
67, 309
172, 081
18. 995
260, 156
67, 916
172, 635
19, 605
1,073
21, 014
2.820
1,349
509
' 20, 853 r 20, 219
2.820
2. 820
' 19, 065
2.820
r
1,047
20, 260
2.820
797
23, 066
2.820
381
20, 799
2.820
43, 892
33, 749
3 45, 048
33, 131
3
45, 415
32, 569
3
47, 890
33,047
3
48, 666
33, 593
3 51, 718
36, 806
3
3
29, 203
36, 934
3 32, 593
38, 904
3
34, 893
42, 415
3
51, 279
46, 045
3
75, 843
54, 055
3 73, 801
55, 880
4, 851
7,835
5,928
4,904
7,730
6,331
7,668
8,467
6,022
8,912
8,093
5,916
108, 144
52, 105
3 86, 692
49, 457
1
4. 538
2 6. 398
1
2
4. 525
6. 440
i 4. 506
6. 586
i 4. 498
6. 711
2
2
2
37, 150
15.10
i 4. 482 ' i 4. 481 i 4. 481 P i 4. 481
2
2 6. 949 » 2 6. 918
2 6. 951
6. 951
13.75
PETROLEUM AND PRODUCTS
Crude petroleum:
Wells completed:}:
number
Production!
_
.
thous. of bbl
Refinery operations .
percent of capacity .
Consumption (runs to stills)
thous. of bbl__
Stocks, end of month:
Gasoline-bearing in U. S., total
do
At refineries.. ...
._
do...
At tank farms and in pipelines
do
On leases
do
Exports
Imports. .
Price (Oklahoma-Kansas) at wells
Refined petroleum products:
Fuel oil:
Production:
Distillate fuel oilj
Residual fuel oilt
Domestic demand:
Distillate fuel oilj
Consumption by type of consumer:
Electric-power plants
__
Railways (class I)§
Vessels (bunker oil)
Stocks, end of month:
Distillate fuel oil
do.
795
do
f 17, 925
2.820
dol. per bbl._
thous. of bbl._
do
873
1,418
1,372
1, 258
' 21, 888 ' 17, 666 r 20, 669 ' 21, 160
2.820
2.820
2.820
2.820
3 43, 256 3 45, 204
34, 754
36, 222
do
3 52, 729
« 46, 674
do
do
do
5,699
7,595
5,494
do
3 70, 390
47, 119
3
54, 051 3 38, 105
48, 794
42, 178
6, 456
7,819
5, 985
3
34', 215
3 42, 531 s 41, 966
35, 582
33, 691
3
r
3
28, 895 3 27, 217 3 26, 864
38, 994
37, 753
35, 617
4, 783
7,230
6, 381
4,250
6,921
6,289
60, 270 361,721
44, 249
44, 362
3 73, 58i
47, 009
4,291
7,7CO
6,378
4,446
7,660
6,475
r 1, 521
5,316
7,818
6,119
5,819
8,192
5,981
3 86, 325 3 101, 657 3116,529 3 128, 061 3 139, 128 3133,886
50, 216
54, 365
56, 702
56, 332
56, 541
54, 891
3
... — __
— ..
2. 820 "»~2.~820
53, 926
38, 276
5,803
Exports:
Distillate fuel oil
do
1,275
1,516
1,911 r 1, 982
2, 176
' 1, 693 1,434
1,525
r 2, 192
2,715
1,849
1,786
Residual fuel oil
do
1,756
2,106
1,637
2, 006
1,793 T 1, 831
1,546
1,580
' 1, 239 1,771
1,720
2,819
Prices, wholesale:
Distillate (New York Harbor, No. 2 fuel)
.100
dol. per gaL.
.095
.097
.092
.092
.092
.090
.092
.096
.096
.102
.102
.102
Residual (Okla., No. 6 fuel)
dol per bbl
1.450
1.150
1.200
1.100
l.COO
1.000
1.150
1.150
1.350
1.250
1.400
' 1. 500 1.500 » 1.' 500
Kerosene:
s
Production
thous. of bbl.
3 11,542 33 10, 943 3 9, 665 3 9, 350 3 9, 177
9, 156
9, 357 3 9,018
3 9, 596 3 10, 619 3 11, 796 3 12, 665
Domestic demandj
do
3 12, 682
12, 990 3 6, 893 3 4, 861 * 4, 537
4, 920
36,196 3 6, 555 3 9, 261 3 12, 748 3 18, 330 3 17, 071
Stocks, end of month. _
do
3 20, 183 3 17, 533 3 19, 656 3 23, 892 3 28, 184 3 31, 953 3 34, 949 3 37, 099 3 37, 140 3 34, 547 3 27, 826 3 23, 266
Exports
do. .
609
564
584
158
229
398
80
250
428
188
96
109
Price, wholesale, bulk lots (New York Harbor)
dol per gal. _
.110
.107
.105
.102
.102
.100
.100
.100
.104
.104
.110
.110
.110
P. 110
r
2 D
Revised.
v Preliminary.
i Price3 for screenings for industrial use, to indust rial consu mers; not compara ble with d ata throu gh April 1 954.
1 rice for Is rge dome stic sizes; not comparable with data through April 1954.
Beginning January 1954, jet fuel (former y include d with ga soline, ke rosene, aiid distilla te fuel oil ) is exclu(led. Jet uel
for
Ja
nuary 1955 (thous.
bbl.): Production— from gasoline, 3,150; from kerosene, 786; from distillate, 227; dome?tic demaiid, 3,906; stocks, 3, 172.
d" Re visions for January-September 1952 and January-October 1953 will be show n later,
f Revised series. Data represent weighted averages based on quotations in 26 c ties for a] 1 sizes of t:)ituminou s coal.
9 Includes nonmarkctable catalyst coke. Such production for January 1954- Jan uary 1955 is as folio ws (thou 3. short tons): 156; 22; 139; K58; 130; 14-'5; 186; 176 164; 172; 176; 199; 198.
1 Revisions for 1952 appear on p. S-35 of the February and March 1954 issues of the SURVEY
§ Revised to represent all quantities of fuel oil and diesel fuel purchased by class I railway 3 (incl. sw itching aiid term in al compailies), whe ;her for Ic comotive station, shop, or other use.
Comparable data prior to August 1953 will be shown later.
« Revision for January 1954, 53,736,000 barrels.
SURVEY OF CURRENT BUSINESS
S-36
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical FebruSupplement to the Survey
ary
April TO.
1954
March
May
April
1955
July
June
DecemAugust SeptemOctober November
ber
ber
January
February
Marc
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products — Continued
Lubricants:
Production
thous . of b bl
Domestic demandj
do _..
Stocks, refinery, end of month
do
Exports
do
Price, wholesale, bright stock (midcontinent,
f. o. b. Tulsa)
dol. pergaLMotor fuel:
Gasoline (including aviation):
Production total?
thous ofbbl
Gasoline and naphtha from crude oil 9
thous. of bbl
Natural gasoline used at refineries
do
Natural gasoline sold to jobbers 9
do _
Domestic demand 9
Stocks, end of month:
Finished gasoline
At refineries.
4,221
2,720
10, 646
1. 188
.190
i 97, 330
i 85, 244
8,987
3, 099
1
do
do__.
do__.
Natural gasoline and allied products
1
1
do
4, 204
3,321
9, 745
1 456
4, 566
3,208
9,764
1 281
4, 508
3.189
9. 599
1 429
4,386
3,419
9,251
1 264
.190
.180
.180
.180
.180
104,612
1
* 91, 853
9,240
3, 521
102 120
i 90. 074
8, 861
3, 185
1
107 952
i 95, 241
9, 441
3, 270
86, 206 * 101,549
!
103, 866 1 104, 418
172, 207 i 173,060
106, 821 i 104, 344
7 743
8 237
10, 575
11,447
1
168, 301 i 168, 660
i 99, 155 i 96, 241
8 946
8 705
12,' 295
13,' 871
2, 261
1,235
1,798
.108
. 135
.216
. 108
. 135
.216
7,077
5, 629
5, 925
5, 194
r
1
104 481
1
i 91, 956
9, 423
3, 102
107 893
i 95, 092
9 828
2,973
4, 563
3,374
9,035
1,341
. 180
1
108 250
1
4,522
3, 308
9,230
967
4.475
3, 285
9.183
1 180
4,470
3,086
9, 475
1.035
4, 544
2,961
9,702
1,295
4,565
2,961
3, 180
892
.180
.180
.180
.180
.180
105, 325
' 94, 798 i 92, 126
10, 334
10, 487
3,118
2,712
1
1
107 167
i 93, 59,"
10,612
2,960
1
105 896 i in 753
1
i 92. 249
10, 604
3,043
104, 706 1 1 05 607 i 102 393
1
156, 526 i 149,045 i 144,615 i 142,437 i 141.046 * 142. 163
i 85, 569 i 79, 989 i 77, 159 i 74, 786 i 73, 571r * 74, 291
8 479
8 61 ,
8 878
8 553
8 441
8 965
15. 358
14, 998
15, 379
is! 868 15, 168
15, 703
1
113 037
1
112 231 i 110,223
1
2, 277
2.712
2 341
2,084
.108
. 135
.214
.108
. 135
.218
.108
.135
.216
. 105
. 135
.214
7,685
6, 113
9,899
5, 450
7, 532
5,841
10, 141
5,436
7,869
6,680
10,919
6,600
8,490
6,860
9,268
5,242
3, 956
9. 589
4. 895
10, 970
5, 392
11, 530
6, 888
11, 383
420
619
478
644
434
612
thous. of squares ..
2,846
3,824
__ - do
do
do
_-do ...
short tons
637
670
1,540
94
93, 417
806
843
2, 175
116
55, 760
Exports (motor fuel, gasoline, jet fuel) § - do
Prices, gasoline:
Wholesale, refinery (Oklahoma, group 3)
dol. per gal. .
Wholesale, regular grade (N. Y)
do
Retail, service stations, 50 cities
do
Aviation gasoline:
Production total
thous. ofbbl
100-octane and above
do
Stocks total
do
100-octane and above
.
do
Asphalt :O
Production
_ _.
do
Stocks, refinery, end of month
do ...
WaxrO
Production
do
Stocks, refinery, end of month
do
Asphalt products, shipments:
Asphalt roofing, total _ _
Roll roofing and cap sheet:
Smooth surfaced
Mineral surfaced
Shingles all types
Asphalt sidings
Saturated felts a*
1
4,376
3, 579
10, 385
1,002
T
98, 878
10, 099
2, 776
104 258
1
i
.180
*. 1
. 105
.125
.212
*. 1
p.l
.2
112 808
i 99, 419
10,857
2, 532
J
96 397
146, 679 i 159,486
i 80. 970 i 92, 092
10 076
8 721
14,' 038
121973
2, 202
2 384
2,056
2. 1 54
1. 765
.105
.125
.217
.105
.125
.213
.105
.125
.213
.105
.125
.213
. 105
. 125
.213
. 105
.125
.211
8 182
6, 435
9 572
5 483
8 599
6, 748
9 962
5, 799
7 709
6,127
9 796
5, 841
7
6
9
6
966
209
876
051
7 717
6. 090
9 506
5,730
8
7
9
5
561
008
218
569
8 019
6 064
10 130
6, 113
7,775
9, 579
8,850
8,542
8,726
7.150
7,999
5,912
7,413
5,702
5,371
6,165
4, 200
7, 175
4,246
8,623
474
663
409
609
433
597
408
571
453
567
450
572
485
589
404
562
433
579
4,923
5,374
6,484
5, 251
6,029
7,062
6,088
5,108
3,094
3,190
1, 005
1,011
2,907
113
58, 865
1,021
1,076
3,277
114
76, 110
1, 146
1, 309
4 029
151
89, 561
978
1,110
3 162
115
69, 903
1, 139
1 324
3 566
147
73, 797
1,349
1 553
4 160
153
91,088
1,233
1 319
3 537
'l44
73, 069
975
1,138
2 996
125
70. 798
554
655
1 885
86
55, 553
603
686
1 902
85
62 720
652
687
1 925
79
81 326
2,645
2,417
5,070
••2,823
' 2, 680
' 5, 386
2, 690
2,511
5, 563
r
3, 264 i
PULP, PAPER, AND PRINTING
PULPWOOD AND WASTE PAPER
Pulp wood:
Receipts
- thous. of cords (128 cu. ft. ) ~ _
Consumption
do
Stocks end of month
do
Waste paper:
Receipts
-- -- short tons,
Con sum ption
flo
Stocks end of month
_
_ __do
2,388
2, 191
5, 835
2,292
2,473
5, 672
2,000
2,371
5,288
2, 035
2,457
4,867
2,308
2,475
4,699
2, 304
2, 266
4,737
2,488
2, 515
4,708
2,487
2,414
4,794
2,701
2,644
4, 854
2,557
2.579
4,840
628. 731
639,813
443,016
719,354
716,052
447, 363
686, 600
668, 050
462, 590
662, 742
672, 590
453, 259
692,151
696, 500
447, 988
593, 086
576, 537
466, 326
670, 672
694, 972
440, 130
671,957
683, 164
419, 126
679, 893
702, 283
414, 332
682, 749
678, 695
422, 740
674, 021 •• 655, 291 646, 174
643, 961 r 686, 004 676, 960
454, 263 ' 428, 747 397, 806
' 1,376
61.837
739, 767
182,715
35,213
r
187,446
••84,057
1,541
63, 338
832, 420
210, 086
40,182
209, 157
80, 987
1,484
56, 703
792, 919
199,339
37,841
200, 064
96,615
1, 574
60, 742
854, 198
204,781
39, 831
202, 487
107, 026
1, 562
64, 784
841, 999
200, 217
40, 123
202, 546
108, 715
1. 416
55, 302
743, 809
182.706
27, 634
193, 596
105, 428
1 , 605
71,702
865, 602
207, 051
38 769
203, 727
105, 102
1,505
61. 825
802, 452
195, 329
31,407
200,111
104, 055
1,686
74, 840
921, 247
208, 075
34, 620
210,356
109, 301
1,635
75, 558
891, 867
199, 166
35, 369
207, 820
104, 053
r
1,494
1, 658
71,775
77, 177
779, 533 f 893, 237
190, 937 ' 210, 378
33, 088
36, 043
203, 628 *r 212, 089
102, 368 103, 911
1,571
72, 221
859, 752
194, 737
34, 580
203, 815
96, 573
159,946
44, 248
32, 363
3, 657
29, 056
164,003
44, 329
33, 262
3, 6C8
29, 494
161, 745
43, 819
33, 020
3, 388
29, 965
178, CIO
52, 093
37, 351
4,373
30, 851
188, 667
53. 150
41, 138
4,873
28, 707
1 74, 276
51.060
33, 876
4,315
26, 289
177, 846
49, 317
33, 518
4,008
25, 218
176, 083
49, 791
36, 929
2, 995
22, 749
182, 082
57, 239
38, 384
2,777
2 1. .251
195. 442
61,184
42. 645
2,760
20. 852
157, 626
44, 067
32, 020
2,975
18, 440
166, 660
54, 587
35, 437
2, 673
17, 960
24, 229
34, 328
30, 680
59, 623
44, 894
49, 790
44, 131
39, 392
53, 394
48, 968
152,845 r 151,008
22, 309
17,823
66,210
63, 66C
45.513 ' 47. 245
2, 555
3,287
18,710
15, 866
192, 698
21,413
89, 151
00. 188
3, 585
17,043
163. 559
20, 340
78, 867
43, 738
2,477
17, 670
172, 705
18, 178
80, 693
48, 551
3, 154
21, 117
171,727
22, 724
72, 923
51, 432
3,876
19, 951
174, 891
16. 881
83, 849
51,624
3,201
18, 548
206, 427
19, 078
88,053
68, 646
3,018
26, 028
169, 498
16, 675
72, 462
52, 242
3, 321
24, 174
160, 267
10, 206
68, 046
54, 894
2,733
23,748
WOOD PULP
Production :
Total, all grades
thous. of short tons
Dissolving and special alpha
short tons
Sulphate (paper grades). _
. . . _ _ __do ._
Sulphite (paper grades)
do
Soda
do
Ground wood
do
Defibrated, exploded, etc
do
Stocks, own pulp at pulp mills, end of month:
Total, all grades
. _ _ _. short tons. Sulphate (paper grades)
_._.do
Sulphite (paper grades)
do
Soia
_ _ _ _ _ -do Groundwood
_.do
Exports, all grades, total
do
Imports, all grades, totaled
Dissolving and special alpha
Sulphatod 1
Sulphite (paper grades)
Soda__
Groundwood
do
do
do
do
do _.
do
r
19,675
26, 896
171,821
18,302
74,031
54, 606
2,912
21,360
178,770
20,451
76, 531
57, 522
3, 502
19, 301
173, 972
48, 954
37, 132
3, 206
18, 366
PAPER AND PAPER PRODUCTS
A l l paper and paperboard mills:
Paper and paperboard production, total
2,303
2,043
2.186
2,272
thous. of short tons_
2,238
1,991
2,214
2,288
2, 367
2,294
1,014
1,074
1,136
1,094
1,C78
Paper (in cl. building paper)...
... --do
973
1,117
1,090
1,150
1,110
Paperboard
_ _ _ _ - _ - _ . _ _ _ . _ -do ,
1,041
1,045
923
986
1,030
891
1,040
993
1,077
1, 051
Building board
do
126
106
126
130
133
127
132
140
133
131
r
l
Revised.
p Preliminary.
See note "3" on p. S-35.
F.
t Revisions for 1952 appear on p. S-35 of the Februai*y and M arch 1954 issuesof tl ic SURVE
9 Revisions for 1952 (old basis) appear on p. S-36 of the Febnlary 1954 SURVEY; i e visions 1 or 1952 (c(>m parable with dat a for 1953 will be s hown late r.
§ Revised effective with the October 1954 issue of theT SURVEY to cover temsiudi cated.
OAsphal t— 5.5 bbl = 1 short ton; wax- -1 bbl. = 2-80 Ib.
cf Revisions fcr 1951 for saturated felts and 1952 for v ood-puli imports svill be sh<)wn later.
2,161
1,067
971
123
' 2, 345
' 1, 140
' 1, 066
'138
2, 250
1,086
1,037
127
SURVEY OF CURRENT BUSINESS
1955
S-37
1954
niess otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical FebruSupplement to the Survey
ary
March
April
May
1955
July
June
DecemAugust SeptemOctober November
ber
ber
January
February
March
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS— Continued
'aper, 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 100 lbCoarse 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
thous of 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:
Mew orders
1947-49=100
Shipments
do
800, 817
561, 091
832, 975
817, 427
406, 158
939, 598
592,116
927, 526
916,598
412, 529
843, 494
547, 633
874, 583
878, 354
410, 021
841, 999
533, 638
866, 681
858, 755
417, 941
882, 399
540, 558
869, 849
872, 942
414, 271
814, 525
587, 819
758, 760
756, 126
410, 562
881, 041
609, 967
888, 960
880, 206
421, 584
867, 980
612, 394
861,811
856, 917
428, 204
889, 447
603, 520
915, 483
907. 515
431, 529
100, 984
58, 725
102, 297
101,987
93, 035
114,482
57, 995
115,847
110,927
95, 555
108, 483
57, 500
111,501
109, 879
97, 819
108, 140
56, 305
110, 232
107, 488
99, 287
110, 655
54, 190
113,292
112,059
100, 256
97, 310
64,215
91,363
91,221
98, 804
106,820
63, 587
112, 279
106, 813
104, 741
108, 552
63, 230
110,331
107, 736
109, 274
116, 182 ' 114, 110 T r124 553
62, 695 ' 49, 454
62, 257
119, 167 116,306 rr 118, 288
113, 389 r' 111, 707 r 116,331
110,361 110, 621 115 745
110 000
60, 000
122, 240
117,000
113 000
265, 291
268, 590
283, 994
279, 074
166, 420
342, 798
294, 740
322,188
323, 037
165, 570
279, 943
258, 238
303, 684
311, 678
157, 576
287, 338
249, 515
298, 138
300, 216
155, 498
320, 207
265, 175
299, 890
304, 524
149, 540
292, 019
292, 305
256, 760
255, 785
150,515
297, 809
295, 870
308, 034
306, 948
151, 600
307, 601
302, 427
299, 596
297, 900
153, 295
308, 605 r 292 411 rr 324 241
294, 558 ' 290, 345 r 300, 249
311, 139 302, 431 290, 884
310, 482 r 303, 304 rT 297, 488
153, 952 ' 153, 078 146, 474
296 000
325, 000
314, 168
268 000
151,000
' 874, 399'
899, 758
»• 586, 500 r 606, 093
889, 438 " 852, 988
' 885, 329 ' 857, 013
' 437, 830 r 435, 316
844, 000
634, 000
925, 796
820, 000
434, 000
13.80
13.80
13.80
13.80
13.80
13. 80
13.80
13.80
13. 80
14.00
272, 375
127, 052
278, 203
271, 865
86, 525
296, 475
124, 040
302, 944
297, 929
88, 295
276, 225
117,975
276, 575
277, 423
85, 870
273,217
112, 185
283, 596
278, 859
91, 116
278, 907
111,330
285, 178
279, 933
97, 445
265, 092
120, 685
252, 002
249, 880
95, 198
302, 502
140, 375
293, 602
289, 863
99, 898
283, 590
138, 597
281, 316
280, 946
99, 935
285, 726 r 290, 966 rr 287, 639
136,413 «• 132 982 128 942
301, 887 297, 084 '279,12°
302, 127 r 297 306 r 282 573
98, 741 »• 96, 021 r 90. 920
264, 000
131 000
300, 047
263 000
91, 000
457, 927
437, 780
155, 072
515, 482
481, 487
189, 067
500, 199
503, 292
185,974
497, 221
497, 561
185, 634
490, 726
523, 966
152, 394
503, 979
481, 686
174, 687
503, 145
518, 844
158, 988
491, 153
482, 559
167, 582
525, 996
541.835
151,743
522, 109
542, 994
130, 858
500, 119
505, 987
124, 990
490, 822
466, 253
149, 559
479, 286
464, 060
164, 785
345, 642
88, 197
86, 219
400, 311
98,115
100, 585
414, 877
89, 839
88,968
422, 157
96, 670
98, 716
384, 444
96, 564
96, 148
338, 471
96, 324
96, 597
360, 825
99, 492
98, 503
388, 321
96, 592
98, 202
437, 191
110,328
107,407
420, 422
106, 479
107, 920
407 980
109, 217
111,526
383 520
115,577
113,882
365 221
109, 924
110, 597
11,156
488, 503
96, 457
391, 503
8,686
495, 871
85, 178
454, 297
9, 557
7,511
484. 226 446, 739
72, 300
81,181
399, 824 Ml 1,804
7,927
453, 407
80, 566
438, 833
8,643
7,654
481, 612 508, 703
66, 199
71, 086
393. 098 ' 434, 107
7,033
490, 256
64, 769
396, 943
9, 954
448, 907
77, 057
415 231
8,513
434, 131
88, 372
455 406
6,204
439, 446
76 917
445 761
7 899
417, 757
131 O r )8
392 506
7 226
412, 197
87 686
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
921.7
321.0
926.8
89
1, 140. 4
424.9
1,064.4
90
997.4
369.1
1, 014. 6
88
1, 086. 6
364.2
1, 056. 5
90
1, 033. 1
359. 8
1, 054. 6
89
964.3
390. 3
916.8
74
1, 044. 0
330.7
1,068.5
92
1, 069. 0
428.8
1, 004. 1
88
1, 092. 4
390.5
1, 105. 7
94
1 078.9
343.2
1,102 1
93
1 067 3
363 0
1 055 1
82
1 020 3
450 7
1 013 5
92
5,966
7,153
6,952
6,714
6,785
6,250
7,010
7,242
7,626
7,195
7,051
6,808
6,870
8,226
182.3
167.9
214.7
185. 0
198. 6
182.2
164.5
165.1
203.1
179. 9
173.7
159.9
199.8
183.9
194.1
180.0
187.2
186.9
168.0
177.2
179 8
168.2
184 6
172 2
176 5
151 7
193 7
178.8
878
707
171
1,102
855
247
1,101
894
207
1,391
1, 101
290
781
644
137
923
714
209
802
661
141
888
754
134
1,408
1,198
210
941
811
130
860
701
159
971
771
200
950
756
194
1 102
855
247
53, 326
55, 97G
1 1 5, 970 105, 025
49, 432
45, 474
55, 096
102, 943
43, 557
r
13.80
13.80
14. 10
125. 75
P 14. 10
125. 75
1 085 0 1 311 7
523 4
515 7
1 043 1 1 214 1
95
96
PRINTING
Book publication, total
New books
New editions
-
number of editions- -- -- do
do
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption-_, .. long tons.Stocks e n d o f m o n t h _
_ do__ _
Imports including latex and guavulej
_ do. _ _
Price, wholesale, smoked sheets (New York)
dol. per lb__
Chemical (synthetic):
Production
_ _ _ _
_ .
longtons-^
Consumption
do
Stocks, end of month.
,_ _ __ . _ _ do
Exports
-- -- - do~
Reclaimed rubber:
Production
do
Consumotion
- - - do_ _
Stocks end of month
do
46, 897
115. 228
42, 645
53, 709
112,829
47, 721
51, 451
106, 564
49, 855
51, 398
104, 377
55, 983
54, 253
104, 541
66, 698
37, 894
109,564
40, 601
r
38,069
124,810
59, 124
52,412
119, 191
48, 618
r
' 56, 911
101, 050
49, 941
51, 004
97, 142
.200
.203
.214
.213
.231
.244
.231
.241
.265
.273
.288
53, 356
49, 060
183, 405
2, 103
55, 835
56, 060
184, 284
2, 923
47, 581
53, 654
174, 983
2, 358
40, 554
52, 628
167, 583
2,759
45, 954
57, 195
157, 172
2,032
46, 964
41,552
162, 944
3,228
48, 807
42, 051
170, 159
3,018
51, 384
53, 878
161, 662
2,161
55, 644
58, 309
161,167
3,294
55, 018
57, 287
156, 905
2,908
58, 456
64, 130
150, 175
2,672
21,000
19, 461
32, 393
23, 305
22, 882
32, 148
21, 628
21, 883
31,359
21,184
20, 536
31, 105
22, 207
22, 321
30, 845
17, 907
16, 301
31, 304
15, 444
17, 660
27, 692
22, 332
19,926
29, 632
23, 444
22, 098
3C, 395
22,915
22, 321
29, 451
25, 762
24, 540
30, 746
«• 25, 237
' 25, 322
r
29, 656
25,283
24,312
29, 836
7,042
6, 308
2,634
3,557
117
15, 709
119
7,981
7,629
3,163
4,350
116
16, 077
80
8,065
8,243
3, 131
4, 935
176
15, 906
178
7,965
8,319
3,020
5,115
184
15, 504
193
8,796
9,079
2,890
6,029
160
15, 218
167
6,360
8, 885
2,782
5, 949
155
12, 640
136
5,427
8,080
2, 527
5,429
123
9, 985
116
7,279
6,269
1,601
4, 537
130
11, 184
131
7,869
6,266
1, 838
4,251
147
12, 799
120
7,626
6,842
3,124
3,560
158
13, 676
147
8,444
7,347
3,707
3,470
169
14, 774
141
9,040
8,911
3,785
4, 967
159
14, 949
134
8,745
8,272
3,833
4,281
157
15, 321
5,896
5,617
10, 448
61
6,399
6,013
10, 869
49
6,266
6,001
11,234
89
5,909
6,002
11, 170
104
5, 739
6,631
10, 379
68
4,132
6, 257
8,429
67
3, 773
5, 748
6,588
73
4,490
4,034
7,179
65
3,953
3,087
8, 313
62
3, 246
2,681
8,706
69
3,201
2, 569
9,299
70
3,089
"4,116
8,252
58
2,850
2,862
8,243
.325
.354
.312
69 929
67 679
' 68, 379
67, 609
r
147, 813 141,318
3,422
TIRES AND TUBES
Pneumatic casings: o"
Production
- _. _ ... .-_ thousandsShipmants total
do
Original eQuipment
_. _
do
Replacement equipment
do. Export
do
Stocks e n d o f month _ _ _
_ _ _ _ _ _
do
Exports
-._ -_ - do
Inner tubes: cT
Production
do
Shipments
_ - - _
_
_
do
Stocks end of month
do
Exports
do
r
Revised.
P Preliminary.
t Revisions for 1947-April 1953 for paper will be shown later; data prior to 1947 for unfilled orders and stocks of paper are on a different basis from revised figures, hence not comparable.
Revisions for January 1952-February 1953 for shipping containers and for various months in 1952 for rubber imports appear in the May 1954 SURVEY.
cf Data for production, shipments, and stocks have been revised beginning January 1953. Revisions prior to June 1953 are available upon request.
S-38
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical FebruSupplement to the Survey
ary
April 195
1954
March
April
May
June
1955
DecemOctober NovemAugust September
ber
ber
July
January
February
March
STONE, CLAY, AND GLASS PRODUCTS
i
ABRASIVE PRODUCTS
Coated abrasive paper and cloth, shipments
reams. -
158, 773
179, 124
163, 553
16, 895
78
15, 202
27, 562
10, 091
20, 097
83
18, 751
28, 905
11, 925
21, 730
93
23, 589
27, 045
11, 681
376, 203
382, 387
473, 662
460, 448
514, 238
532, 442
162, 256
177,518
142, 262
151,217
173, 046
169, 267
167, 960
171, 087
181, 812
178, 210
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 ._
23, 279
22, 802
96
97
24,911
28, 632
25, 4121 ' 19,674
10, 392
8, 585
22,290
' 25, 482 ' 25, 698 ' 25, 522 25, 887 ' 23, 826
104
99
98
102
103
106
' 27, 702 ' 28, 887 ' 29, 032 ' 27, 134 r 22, 766 ' 16, 347
' 9. 667
' 17, 524 ' 14, 408 ' 10, 909
10, 732 * 16, 675
3,806
5,274
7,203
3, 634
6,029
4,720
20, 231
81
13, 314
23, 434
7,794
CLAY PRODUCTS
Brick, unglazed:
Production!
_
thous. of standard brick. _
Shipments!
do
Price, wholesale, common, composite, f. o. b.
plant
dol. per thous
Clay sewer pipe, vitrified:!
Production
.
. short tons Shipments
do
Structural tile, unglazed:!
Production
do
Shipments
- - do_
522, 589
527, 964
554, 413
588, 209
537, 984
573, 536
582, 952
586, 532
576, 185
589, 340
561. 190
571, 103
557, 097
548, 588
519, 144 ' 468, 522 445, 775
464, 080 ' 412, 028 405, 001
28. 033
28. 033
28. 151
28. 151
28. 151
28. 193
28. 289
28. 382
28.382
28. 430
28. 430
' 28, 642
123,951
100, 596
145, 251
129, 280
138, 364
143, 050
136, 696
139, 563
151,249
150, 497
135,475
153, 426
148, 594
162, 363
156, 115
157, 590
148, 169
153, 246
148, 573
140, 320
151,619
121,607
132, 268
100, 512
133, 933
108, 975
72, 370
64, 521
81, 025
77, 972
83,211
80, 703
83, 272
81,331
86, 670
83, 562
83. 890
78, 663
84, 626
80, 906
81, 278
77, 095
81, 367
79, 160
79, 699
71, 874
68, 621
64, 351
' 65, 827
' 63, 716
65, 438
59, 583
9,748
' 8, 734
11,200
11,923
10, 751
9,291
11,548
10, 839
11,219
10, 958
10, 810
9,878
11, 386
11,018
9, 883
10, 634
10, 843
10, 079
9,252
9,164
8,486
8,824
28, 559 v 28. 55<
GLASS PRODUCTS
Glass containers:
Production
thous. of grossShipments 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. -
' 10, 449 10,211
' 9, 593 9,177
'780
1,364
1,145
1,365
1,037
925
1,098
1,511
1,121
829
767
2,593
3,392
2,519
2,869
2,803
2,948
3,724
3,211
3,033
2,670
2,514
3,016
2,719
350
' 592
'934
' 2, 377
'942
166
600
916
1,358
3,013
1,096
184
776
817
923
1,985
933
193
1,003
1,168
1,051
2, 255
932
196
1,268
1,234
1,033
2, 398
971
214
912
1,133
856
2,039
848
217
525
900
950
2, 512
1,023
286
343
677
1, 165
2,412
1,012
303
325
586
1,408
2,360
1,003
243
310
561
1,304
2,301
944
245
506
677
1,012
2,282
777
289
392
596
847
' 2, 772
'923
214
455
536
976
2,564
903
178
12, 563
11,991
13,099
13,745
13, 708
14, 329
14, 360
13, 299
13,684
13, 423
12, 862
5,355
5,064
9,980
6,067
5, 654
10, 272
6,075
6,152
9,852
5, 651
° 5, 932
9,297
4,963
5, 399
8,850
3,943
4.616
8,751
5,131
& 5, 220
8,652
5,122
4,768
9,036
5,780
6,270
8,535
5, 489
4,888
9,181
4,568
4,237
9,450
5,492
4,897
5,254
4,721
3,122
3,802
3,148
2,987
2,827
2,606
2,966
3,503
4,175
3, 180
2,853
2,752
3,089
833
846
' 13, 301 14, 058
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports
thous of short tons
Production
do
Calcined production quarterly total
do
Gypsum products sold or used, quarterly total:
Uncalcined
short tons
Calcined:
For building uses:
Base-coat plasters
do
Keene's cement
do
All other building plasters
do
Lath
thous. of sq. ft_.
Tile
do
Wallboardc?1
do
Industri'il plasters
short tons
'501
1,854
1,690
881
2,261
1.894
1,140
' 2, 396
2,070
838
2, 550
2,026
547, 398
687, 950
' 746, 827
814, 663
372,016
10, 909
193, 391
517,846
6,710
935, 205
64,018
437 736
12, 251
224, 711
634, 857
7,668
1, 044, 226
62, 087
493, 276
13, 984
266, 419
688, 526
8,335
1, 070, 718
60, 138
400 172
12, 114
254 640
641, 847
8,303
1, 136, 922
66, 327
TEXTILE PRODUCTS
APPAREL
Hosiery shipments
thous of dozen pairs
Men's apparel, cuttings:* ^
Tailored garments:
Suits
thous. of units
Overcoats and topcoats.-- _ _ do
Trousers (separate), dress and sport
do
Shirts (woven fabrics), dress and sport
thous. of doz
Work clothing:
Dungarees and waistband overalls
do
Shirts
do
14, 274
12,628
10,844
12,215
10, 724
13,790
1,732
276
4,848
i 1,810
i 295
1
5, 520
1,412
320
4,800
1,524
392
4,464
U,630
i 510
i 4, 440
944
280
3,120
1,660
480
3,840
1,668
11,850
1,692
1,476
11,430
1,184
348
392
1355
M45
384
360
340
356
1345
1385
288
276
' 13, 175
14, 121
14, 588
12, 762
12, 335
12, 969
1
1, 655
U40
i 4, 380
1,456
352
4,224
1,576
324
4,272
i 2, 050
1320
1
4, 980
1,848
296
' 5, 712
1,816
288
4,944
1,432
1 1, 650
1,552
1,728
i 1, 715
1,840
1,876
392
364
M35
1395
408
352
360
364
1340
i 265
'352
300
388
300
15, 120
Women's, misses', juniors' outerwear, cuttings:*
2,442
1,542
771
Coats
thous. of units
3,187
1,650
2,217
2,751
2, 269
2,452
2,463
2. 035
2,187
2,110
' 20, 239 26, 870
24,465
21,091
20, 429
26, 720
16, 577
Dresses do
17, 593
18,511
18, 675
20, 892
17, 157
20, 816
1,774
747
1,843
475
971
1,203
1,257
738
1,464
Suits. _
do . _ _
874
1,158
' 1, 773 1,830
1,432
1,189
1,036
1,073
' 1, 246
1,234
1,200
Waists, blouses, and shirts..
thous. of doz.__
1,150
986
1,140
1,170
' 1. 248 1.313
r
l
Revised.
» Preliminary.
Data cover a 5-week period.
^Revisions for 1952 are shown in the August 1953 SURVEY.
1
cf Includes laminated board (reported as component board) also sheathing and formboard.
*New series. Compiled by the U. S. Department of Commerce, Bureau of the Census. Data are estimated industry totals derived as follows: Men's apparel—estimates beginning 1954
are based on a monthly sample survey of manufacturers, accounting for approximately 75 percent of total production; data prior to 1954 are based on a sample covering establishments that
accounted for about 90 percent of the total 1950 cuttings of these items. Women's outerwear—based on reports from establishments classified in the women's principal outerwear industries for
the specified items; monthly data beginning January 1954 are estimated from reports of producers that account for approximately 75 percent of total output. Data prior to 1952 for all series
and for January-December 1952 and January 1953 for men's dungarees and waistband overalls will be shown later; data for 1952 (except men's dungarees, etc.) are shown at bottom of p. S-38
of the December 1953 SURVEY.
^Data for March, June, September, and December 1954 coverb 5-week periods and for other months, 4 weeks.
« Includes cumulative revisions for 1954 through May.
Includes cumulative revisions for June-August 1954.
SURVEY OF CURRENT BUSINESS
April 1955
S-39
1954
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical FebruSupplement to the Survey
ary
March
April
May
June
July
1955
Novem- DecemAugust SeptemOctober
ber
ber
ber
January
February
March
TEXTILE PRODUCTS—Continued
COTTON
Cotton (exclusive of linters) :
Production:
Ginnings§
thous. of running bales
Crop estimate, equivalent 500-lb. bales
thous. of bales _ _
Consumption!
_ _
_ _ _ _ _ bales ._
Stocks in the United States, end of month,
totalf
thous of bales
Domestic cotton, total
do
On farms and in transit
... _. - do
Public storage and compresses
do
Consuming establishments ._ ..
do . _ _
Foreign cotton, total
do
Exports
._-bales
Imports9
- _
do ...
Prices (farm), American upland 1
cents per Ib
Prices, wholesale, middling, M«"» average 10
markets
- cents per Ib _
Cotton linters :1
Consumption-..
thous. of bales .
Production
do
Stocks, end of month
_
do- ._
1
16, 317
1 16, 465
685, 546 8 844, 092
659, 300
645, 472
8
778, 558
389
1 694
541,553
667, 443
8
12 439 2 13 039
5 691
9 670
815, 315
706, 603
703, 697
r
r
r
r
3
13, 405 < P 13 594
801, 748 711, 286
< p 13, 672
720, 815
18 863 r 17 580
16 463
18 804 ' r17 516 16, 401
1,190
3, 484
2, 057
13, 445
13 803
13 824
1,767
1,517
1 635
62
59
63
15 351
15 242
731
12 668
1,843
109
5
' 14, 660
' 14, 597
' 1, 310
' 11, 501
' 1, 786
63
' 13 406 T 12 351 rr 11 386
' 13, 340 ' 12 276 11,r 305
' 1, 047
802
'872
' 10, 524 ••9
720 '8 962
' 1, r770 r 1, 684 T 1, 540
65
75
81
r
r
10 183
10,r 106
559
r
8, 189
r
1, 358
77
'9
728 '21 996
T
9, 653 Tr 21 917
255
12, 631
r
8, 224
8 304
1,174
982
'75
79
385, 420
12, 866
30.4
429, 659
16, 258
31.1
422 048
24 163
31 6
336 120
11 679
32 2
434 934
8 177
32 3
227 855
8,719
32 2
34.0
34.2
34 2
34 4
34 2
34.4
34 2
95
197
599
8
189
1,542
105
150
1 590
108
115
1 637
113
8
84
1,589
96
64
1,546
112
82
1 525
177
1 587
2,512
44,540
3, 989
64 206
6 242
47 243
T 4 732
2,454
49 818
4 283
48, 282
4,355
47 160
5 110
' 2, 302
50 809
7 622
26 84
34.9
15 4
16.8
26 75
34 9
15 4
16 5
26 28
34 9
15 3
16 3
26 50
34.9
15 4
16.3
26.48
34.7
15.8
16.3
26 51
35.9
16 3
16.4
26 00
35 9
16 5
16 4
26 60
35 9
16 5
16 5
26 80
35 9
16 3
16 6
26 50
35 1
15 9
16 6
27 29
34.9
' 16 5
16 6
27 37
34.9
16 5
16 6
27 78
v 34.9
p 16 3
p 16.6
.632
921
.630
921
.627
917
.633
921
.636
917
.633
917
.633
919
.642
931
.637
931
.642
933
'.659
r 931
'.664
947
P. 665
p 947
20, 872
19 626
20,715
19 457
20, 627
19 325
20,646
19 332
20,606
19 286
20,633
19 306
20, 634
19 276
20,696
19 295
20 782
19 348
20 626
19 136
20,782
19 282
20, 954
19 429
11, 454
458
10 799
8
125. 3
8,991
457
8 475
125 3
8,932
447
8 366
122 6
10, 939
447
10
216
8
122.8
7,066
372
6,578
102.4
9,171
459
8,583
126.2
11, 222
458
10 455
5
126. 0
9,735
493
9 042
136.3
9,464 8 11, 059
442
485
8 768 s 10 239
134 6 5 122 5
9,934
497
9 184
138 0
10, 046
511
9 299
142 5
60.8
29 2
60.4
28 9
58.3
32 i
57.9
35 7
53.1
32 1
53.2
35 8
62.1
32 4
64.2
32.4
66.9
33 5
75.4
28.3
2, 269
69 8
28.3
3 509
68 5
27 9
2 178
67 0
28.0
3 106
70.2
29.0
2 940
73 2
30.1
5 785
64 8
30 3
'7 535
61.4
'33.1
8,300
.780
336
.780
336
.780
336
.780
336
.780
.336
.780
336
.780
336
.780
.336
' 1,419
8
189 585
9 941
34 0
r
f
20 992
20, 921
8, 990
10 862
1,069
71
r
19? 948
19 884
5 803
12 733
1 348
64
r
r
199 322 r 350 853 r 389 625
6 538
6 898
6 635
34 6
34 7
33 2
34 3
34 5
33 9
6
100
J
496 566
10 129
32 7
334, 157
16, 489
32.5
31 7
31.9
34 1
34.2
34.2
33.7
115
166
1,827
8
117
214
1 763
113
5 196
1 785
125
187
1,831
55 821 r 48 511
10 887
6 907
2 495
52 641
9*953
44, 1 23
7 683
117
224
1 666
COTTON MANUFACTURES
Cotton cloth:
Cotton broad-woven goods over 12 inches in width,
production, quarterly cf --- mil. of linear yards. .
Exports
.
----thous of sq. yd
50,457
Imports 9
do
4 597
Prices, wholesale:
Mill margins
cents per Ib
27.18
Denim, 28-inch_
.
_ _ .cents per yd..
34.9
Print cloth, 39-inch, 68 x 72
do
15.8
Sheeting, in gray, 40-inch, 48 x 44-48
. _do . . _
16.8
Cotton varn, natural stock, on cones or tubes:
Prices, wholesale, f. o. b. mill:
.630
20/2, carded, weaving
dol. per lb. .
921
36/2 combed knitting
do
Spindle activity (cotton system spindles) :J
Active spindles, last working day, total
Consuming 100 percent cotton
thous_.
do
20,888
19 656
Spindle hours operated, all fibers, total--.mil. of hr__
Average per working day
__do
Consuming 100 percent cotton
_> _ _
do
Operations as percent of capacity
9,231
469
8,697
128.1
r
8
8
r
8
8
8
8
RAYON AND ACETATE AND MFRS.
Filament yarn and staple:
Shipments, domestic, producers':
Filament yam
mil.oflb—
Staple (incl. tow)
_ _
do
Stocks, producers', end of month:
Filament yarn
do
Staple (incl. tow)
do __
Imports
thous. of lb
Prices, wholesale:
Yarn, viscose, 150 denier, filament, f. o. b. shipping
point
dol. per lb—
Staple, viscose, 1^ denier
do
Rayon and acetate broad-woven goods, production,
quarterlyd*
-thous. of linear yards..
55.6
24 1
75.9
30.9
1,691
T
.780
336
402,378
383,248
65.8
35 4
68.1
33 0
58 9
33 g
9 915
70.4
34 9
55 g
32 0
12 696
55 5
28 6
11 906
50 4
25 8
.780
336
.780
336
.780
336
.780
336
p . 830
v 336
"4.46
407, 576
461 712
SILK
Silk, raw:
Imports
thous. oflb._
Price, wholesale, white, Japanese, 20/22 denier, 87%
(AA), f. o. b. warehouse
dol. per lb._
449
366
1,051
671
843
654
890
567
814
777
692
1 400
5.39
5.23
5.07
5.03
4.53
4.55
4.68
4.83
4.75
4.78
4.60
'4.61
4.53
24, 520
11 738
21, 735
9,237
23,040 • 828,084
9 286
8 319
21, 301
5 903
23,760
9 253
24, 813
8 n 578
20, 048
9 502
19,043
9 172
8
23, 100 ' 21, 349
5 11 iQo
9 960
22,500
10 196
14, 277 ' 17, 828 r 22, 135
19, 868
21, 603
7,154
10, 576 ' 10, 830 ' 10, 553 12,385
19, 012
8,989
18 478
9,401
WOOL
Consumption, mill (clean basis) ^t
Apparel class
Carpet class _ _ __ _
thous. of lb_.
do
Imports, clean content 9
do
Apparel class (dutiable), clean content*
do
Prices, wholesale, raw, Boston:
Territory, 64s, 70s, 80s, clean basis
dol. perlb..
Bright fleece, 56s-58s, clean basis
do
Australian, 64s, 70s, good topmaking, clean basis, in
bond
_--dol. per lb__
19, 737
9,788
8
8
1.725
1.196
1.775
17 757 'r16 998
8,085
8, 316
13 897
7^884
14 453
7,828
19 629
12, 029
1.675
1.122
1.688
1.160
1.731
1.184
1.767
1.187
1.756
1.166
1.762
1.211
1.771
1.220
1.712
1.196
1.600
1.075
1.560
1.135
1.550
1.146
1.556
1.191
1.535
1.138
1.725
1.725
1.725
1.725
1. 725
1.725
1.725
1.725
1.675
1.625
1.525
1.475
1.475
'Revised. * Preliminary. 1 Total ginnings of 1953 crop.
Qinnings to December 13. * Ginnings to January 16. * Total ginnings of 1954 crop. 8 Data cover a 5-week period.
§ Total ginnings to end of month indicated.
f Data for March, June, September, and December 1954 cover 5-week periods and for other months, 4 weeks; stocks and number of active spindles are for end of period covered
9 Revisions for 1952 appear in corresponding note in April 1954 SURVEY.
*New series. Imports of wool are compiled by the U. S. Department of Commerce, Bureau of the Census; dutiable wool covers essentially the apparel class; data prior to April 1952 will be
shown later.
JRevisions for 1952 are shown in the August 1953 SURVEY.
cf Revisions for broad-woven goods for first and second quarters of 1952 are shown in the October 1953 SURVEY.
2
8
SUEVEY OF CURRENT BUSINESS
&-40
April 1955
1954
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical FebruSupplement to the Survey
ary
March
May
April
June
1955
July
August
SeptemDecemOctober November
ber
ber
January
February
March
TEXTILE PRODUCTS—Continued
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, Bradford system,
wholesale price
dol. per lb_.
Woolen and worsted woven goods, except woven
felts :J
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
Nonappar el 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, 10^-12^ oz./yd., 56"/60"O
do— _
2.037
2.025
2.037
2.037
2.043
2.037
2.037
2.013
1.989
1.928
62, 738
54, 835
69, 440
63,559
72 493
67* 604
75 472
69 509
53,877
26, 461
27, 416
62, 989
30 078
32, 911
67 146
28 043
39 103
68 958
34 091
34 867
7,903
4,455
3,448
5,881
3,346
2,535
4 889
2 949
1,940
5,963
2 993
2,970
958
111.5
103.6
2.043
112.1
103.6
r 45g
570
112.1
102.6
112.1
103.6
112.9
103.6
112.9
103.6
112.9
103.6
1.928
1.916
v 1.916
112.1
103.6
112.1
97.3
112.1
97.3
350
357
551
112.9
103.6
111.6
103.6
112.1
103.6
112.1
103.6
265
83
174
61
288
108
290
87
369 942
287, 730
587 785
766 169
r
726, 108 r 745, 491
498, 248
477 927
89, 232
72 862
669, 936
643 763
95, 811
79 767
r
636, 242 ' 678, 254 P 2794, 000
611 734 649, 055
r
89, 676 r 67, 061 f 2 110, 000
55, 253
73 949
TRANSPORTATION EQUIPMENT
AIRCRAFT
Civil aircraft, shipments
Exports 9
number __
do
240
65
312
106
359
116
309
95
316
67
293
105
264
68
number. _
do
do _
do
do _ _
do
do _.
534. 145
633, 003
631, 769
588, 562
598, 876
530 416
521 450
r
1
83
MOTOR VEHICLES
Factory sales, total Coaches total
Domestic
Passenger cars, total.
Domestic
Trucks, total
_ _ _ _ _
Domestic
_
_.
Exports total 9
Passenger cars 9
Trucks and buses 9
do
do
do
Truck trailers, production, total
Complete trail erscf — _ _ _ _
Vans
Allothercf
-_
Trailer chassis
do
do _
do
--do ..
do
Registrations:
New passenger cars.
New commercial cars...
328
322
446, 676
425, 392
87, 141
72, 468
297
289
531, 529
510, 024
101,177
85,154
31, 433 ' 21, 757
18, 195 r12,177
9, 580
13, 238
4,667
4,502
1,767
2,735
165
5,000
4,741
1,879
2,862
259
379
348
274
251
351
349
246
190
309
306
326
314
397
385
305
251
422
332
190
185
176
148
534, 667
515, 192
96, 723
79, 439
497, 062
478, 889
91,226
73, 712
507, 055
489, 994
91,470
74, 250
451, 663
437, 028
78, 507
62, 161
445, 306
431 371
75, 835
60 263
300, 998
292 721
68 618
50 845
221, 195
214, 913
66, 138
48, 966
45, 725
24,836
20 889
37, 479
18, 296
19 183
30,254
14, 697
15 557
29 154
13 210
15 944
26 794
11 519
15 275
26 645
9 556
17 089
22 224
6 357
15 867
29 261
12 519
16 742
34 849
20 393
14 456
38 468
21 550
16 918
4,746
4,535
1,865
2,670
4,844
4,638
1,934
2,704
5,258
4,987
2,479
2,508
3 686
3,465
1 858
1,607
3 899
3 740
2 052
1 688
4 271
4 105
2 256
l'849
4 521
4,356
2 551
1,805
4 876
4 743
2 822
1,921
4 925
4 726
2 823
1,903
4 750
4 602
2 849
1 753
5,226
5,029
3,091
1,938
148
197
211
206
271
221
159
166
165
133
199
do
do -
369, 592
60,843
480, 731
72, 583
508, 102
75, 332
520, 958
78,209
596, 719
85, 858
474 316
65 181
440 312
64 180
407 844
66' 174
395 943
71, 254
381 081
64 735
656 611
69 838
440 024
62 231
476 584
56, 176
number
do
do
-do
4,041
3,014
2.947
1,027
4,826
3,796
3,793
1,030
4, 195
3,138
2,981
1,057
3,658
2,513
2,028
1, 145
2,683
1,263
1,230
1,420
2 051
2 450
2,348
1,338
1,770
1,085
1,010
2 008
1 599
1 599
2,572
2, 032
1,882
1,460
617
685
2,232
1,428
1,369
1,096
2 958
1 600
1 208
1,358
409
540
690
405
40
22
636
374
59
36
572
330
64
44
541
314
41
26
500
285
44
30
502
316
65
34
450
291
52
25
587
448
42
22
563
434
38
25
514
405
54
34
757
671
57
34
761
693
40
18
725
672
36
21
1,775
1,773
1,771
1,768
1,764
1,757
1,753
1 750
1,745
1,739
1,736
1 733
94
5.3
98
5.6
104
5.8
112
6.3
116
6.6
118
6.7
122
6.9
126
7.2
123
7.0
120
6.9
116
6.7
121
RAILWAY EQUIPMENT
American Railway Car Institute:
Freight cars:
Shipments, total
Equipment manufacturers, total
Domestic
Railroad shops, domestic. _ -
__
Passenger cars, equipment manufacturers:®
Orders unfilled, end of month, total*
Domestic
Shipments total
Domestic
do
do
do
do
Association of American Railroads:
Freight cars (class I), end of month :§
Number owned
thousands
Undergoing or awaiting classified repairs
thousands. .
Percent of total ownership
Orders, unfilled ..
_ _ _
-numberEquipment manufacturers
do
Railroad shops
do
Locomotives (class I), end of month:
Steam, undergoing or awaiting classified repairs
number. .
Percent of total on line
Diesel-electric and electric: Orders, unfilled
number of power units .
Exports of locomotives, totaft
number
INDUSTRIAL ELECTRIC TRUCKS AND
TRACTORS
Shipments, total
. _
_ _ numberDomestic.
...do
Export
_
do
955
705
990
837
807
804
1/730
124
7.1
20,548
6,784
13, 764
16, 896
4,068
12, 828
13, 964
2,132
11, 832
12, 169
1,214
10, 955
11,429
1,793
9,636
10, 334
1 731
8,603
11,016
3,911
7,105
10, 232
4 403
5,829
11, 785
4,952
6,833
13, 639
6,581
7,058
13, 624
6,078
7,546
70
16 970
7 248
9 722
17, 096
6 981
10, 115
1,210
10 8
1,222
11 2
1,169
11 1
1,180
11 4
1,117
11 1
1,081
11 0
1,102
11 4
1,233
13 1
1,237
13 5
1,226
13 9
1,227
14 5
1 290
1 c (•
1,298
16 1
521
365
300
170
124
133
99
115
158
267
493
472
455
33
26
57
46
36
42
34
39
32
33
29
00
467
437
30
473
448
25
366
344
22
445
417
28
445
389
56
413
368
45
357
278
79
357
319
38
348
318
30
359
304
55
394
356
38
342
305
37
359
325
34
* Revised.
» Preliminary.
1 Beginning January 1955, data include 2 types of aircraft formerly classified as "special category" and therefore excluded from the total; January exports of such types totaled 8 aircraft.
2 Preliminary estimate of production based on Ward's Automotive Reports. Production for preceding month: 676,000 passenger cars; 62,000 trucks.
^Revisions for 1952 are shown in the August 1953 SURVEY.
©Width of cloth relates to that currently used; change does not affect the comparability of the series.
9 Data exclude all military-type exports. Scattered monthly revisions for 1952 for motor vehicles will be shown later.
d1 Revised beginning 1952 to include production of converter dollies; data as revised are comparable with figures through 1951 shown in the 1953 issue of BUSINESS STATISTICS. Revisions
for January-September 1952 are shown in the December 1953 SURVEY.
©Excludes railroad shops except when noted.
*New series; monthly data prior to 1953 will be shown later.
§Not including railroad-owned private refrigerator cars.
^Revised exports for May 1952,41 locomotives.
V. S. G O V E R N M E N T P R I N T I N G OFFICE* 1955
•INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40Pages marked S
Abrasive paper and cloth (coated)
38
Acids
24
Advertising
8
Agricultural employment
11
Agricultural loans and foreign trade
16, 17, 21, 22
Aircraft and parts
2,11,12,14,15,40
Airline operations
23
Alcohol, denatured and ethyl
24
Alcoholic beverages
2, 6,8, 27
Aluminum
33
Animal fats, greases, and oils
25
Anthracite
11,13,14,15,34
Apparel
2, 3, 4, 5, 6, 8, 9, 10, 12, 13, 14,15, 38
Asphalt and asphalt products
36
Automobiles
2, 3, 8, 9, 11,12, 14, 15, 16, 22, 40
Bakery products
2,12,13, 14, 15
Balance of payments
21
Banking
14,16
Barley
28
Barrels and drums
32
Battery shipments
34
Beef and veal
29
Beverages
2, 4, 6, 8, 12, 13, 14,15, 27
Bituminous coal
11, 13, 14,15,35
Blast furnaces, steel works, etc
11, 12,14,15
Blowers and fans
34
Bonds, issues, prices, sales, yields
19,20
Book publication
37
Brass
33
Brick
38
Brokers' loans and balances
16, 19
Building and construction materials.8,9, 10
Building costs
7,8
Business incorporations, new
5
Business sales and inventories
3
Butter
27
Cans (metal), closures, crowns
33
Carloadings
23
Cattle and calves
29
Cement and concrete products
6, 38
Cereals and bakery products
6, 12, 13,14, 15
Chain-store sales (11 stores and over only)
10
Cheese
27
Chemicals
2,3,4,6, 12, 13, 14, 15, 18,22,24
Cigarettes and cigars
6, 30
Civilian employees, Federal
12
Clay products (see also Stone, clay, etc)
6,38
Coal
2,3, 6,11, 13, 14, 15, 22, 23,34, 35
Cocoa
.
22,29
Coffee
22,29
Coke
23,35
Commercial and industrial failures
5
Communications
~ 11,13, 14, 15,19, 20, 24
Confectionery, sales
29
Construction:
Contracts awarded
7
Costs
7,8
Dwelling units
7
Employment, earnings, hours, wage rates-11,
13,14,15
Highways and roads
„
7,8, 15
New construction, dollar value
1,7
Consumer credit
16, 17
Consumer durables output, index
3
Consumer expenditures
1,9
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, 6,22,39
Cottonseed, cake and meal, oil
25
Credit, short- and intermediate-term
16,17
Crops
2,5,25,28,30,39
Crude oil and natural gas
2, 3
Currency in circulation
18
Dairy products
2,5,6, 12,13, 14, 15,27
Debits, bank
16
Debt, United States Government
17
Department stores
9,10,16
Deposits, bank
16,18
Disputes, industrial
13
Distilled spirits
27
Dividend payments, rates, and yields
1,18, 20
Drug-store sales
9,10
Dwelling units, new
7
Earnings, weekly and hourly
14,15
Eating and drinking places
9, 10
Eggs and poultry
2,5, 29
Electric power
6, 26
Electrical machinery and equipment
2,
3,4,5,11,12,14,15,18,22,34
Employment estimates and indexes
11,12
Employment Service activities
13
Engineering construction
7, 8
Expenditures, United States Government
17
Explosives
25
Exports (see also individual commodities)
21,22
Express operations
23
Failures, industrial and commercial
Farm income, marketings, and prices
Farm wages
Fats and oils, greases
Federal Government
finance
Federal Reserve banks, condition of
Federal Reserve reporting member banks
Fertilizers
Fiber products
Fire losses-_
Fish oils and
fish
Flaxseed
Flooring
Flour,
II
Digitized
forwheat
FRASER
5
1, 2, 5, 6
15
6, 25, 26
17
16
16
6,25
34
8
I__ 25,30
26
31
29
Pages marked S
Food products
2,3, 4, 5,
6, 8, 9, 12, 13, 14, 15, 18, 22, 23, 27, 28, 29, 30
Foreclosures, real estate
8
Foreign trade indexes, shipping weight, value
by regions, countries, economic classes, and
commodity groups
21, 22
Foundry equipment
34
Freight carloadings
23
Freight cars (equipment)
40
Freight-car surplus and shortage
23
Fruits and vegetables
5, 6, 22, 28
Fuel oil
35
Fuels
6, 34, 35
Furnaces
34
Furniture
2, 3, 4, 6, 9, 10, 11, 12, 14, 15, 16
Furs
22
Gas, prices, customers, sales, revenues
5, 6, 27
Gasoline
9, 36
Glass products
2, 11, 12, 14, 15, 38
Generators and motors
34
Glycerin
24
Gold
18
Grains and products
5, 6, 19, 22, 23, 28, 29
Grocery stores
9, 10
Gross national product
1
Gross private domestic investment
1
Gypsum and products
6, 38
Hardware stores
9
Heating apparatus
11, 12, 14, 15, 34
Hides and skins
6, 22, 30
Highways and roads
7, 8, 15
Hogs
29
Home Loan banks, loans outstanding
8
Home mortgages
8
Hosiery
38
Hotels
11, 13, 14, 15, 24
Hours of work per week
12, 13
Housefurnishings
5, 8, 9, 10
Household appliances and radios
3, 6, 9, 34
Imports (see also individual commodities)
21, 22
Income, personal
1
Income-tax receipts
17
Industrial production indexes
2,3
Installment credit
16, 17
Installment sales, department stores
10
Instruments and related products. 2, 3, 11, 12, 14, 15
Insulating materials
34
Insurance, life
17, 18
Interest and money rates
16
International transactions of the U. S
21, 22
Inventories, manufacturers' and trade
3, 4, 9, 10
Iron and steel, crude and manufactures
2.
6, 18, 22, 32, 33
Kerosene
35
Labor disputes, turnover
Labor force
Lamb and mutton
Lard
Lead
Leather and products
13
11
29
29
33
2,
3, 4, 6, 12, 13, 14, 15, 30, 31
Linseed oil
26
Livestock
2, 5, 6, 23, 29
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
8, 16, 17, 19
Locomotives
40
Lubricants
36
Lumber and products
2,
3, 4, 6, 9, 10, 11, 12, 14, 15, 18, 31, 32
Machine activity, cotton
39
Machine tools
34
Machinery
2, 3, 4, 5, 6, 11, 12, 14, 15, 18, 22, 34
Magazine advertising
8
Mail-order houses, sales
10
Manufacturers' sales, inventories, orders
3, 4, 5
Manufacturing production indexes
2,3
Manufacturing production workers, employment, payrolls, hours, wages
11, 12, 13, 14, 15
Margarine
26
Meats and meat packing. _ 2, 5, 6, 12, 13, 14, 15, 29
Medical and personal care
5
Metals
2, 3, 4, 5, 6, 11, 12, 13, 14, 15, 18, 32, 33
Methanol
24
Milk
27
Minerals and mining. 2, 3, 11, 13, 14, 15, 19, 20, 23
Monetary statistics
.
18
Money supply
18
Mortgage loans
8, 16, 17
Motor carriers
23
Motor fuel
36
Motor vehicles
4, 6, 9, 18, 40
Motors, electrical
34
National income and product
_«
1
National parks, visitors
24
National security
1,17
Newspaper advertising
8
Newsprint
22, 37
New York Stock Exchange, selected data
19, 20
Nonferrous metals
2, 6, 11, 12, 14, 15, 18, 22, 33
Noninstallment credit
17
Oats
28
Oil burners
34
Oils and fats, greases
6, 25, 26
Orders, new and unfilled, manufacturers'
4, 5
Ordnance
11, 12, 15
Paint and paint materials
6, 26
Panama Canal traffic
23
Paper and products and pulp
2,
3, 4, 6, 12, 13, 14, 15, 18, 36, 37
Passports issued
24
Payrolls, indexes
12
Personal consumption expenditures
1,9
Personal income
1
Pages marked S
Personal saving and disposable income
_
1
Petroleum and products
2,
3, 4, 6, 12, 13, 14, 15, 18, 22, 35, 36
Pig iron
32
Plant and equipment expenditures
2,19
Plastics and resin materials
26
Plywood
32
Population
11
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
6
Printing and publishing
2, 3, 4, 12, 13, 14, 15, 37
Profits, corporation
1, 18
Public utilities
2, 6,
7, 11, 13, 14, 15, 17, 18, 19, 20, 26, 27
Pullman Company
24
Pulp and pulpwood
36
Pumps
34
Purchasing power of the dollar
6
Radiators and cpnvectors
34
Radio and television
3, 6, 8, 34
Railroads
2,
11. 12, 14, 15, 17, 18, 19, 20, 23, 40
Railways (local) and bus lines
11, 13, 14, 15, 23
Rayon and rayon manufactures
39
Real estate
8, 16, 17, 19
Receipts, United States Government
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, 5, 9, 10, 11, 13, 14, 15
Rice
28
Roofing and siding, asphalt
36
Rosin and turpentine
25
Rubber (natural, synthetic, and reclaimed),
tires and tubes
6, 22,37
Rubber products industry, production index,
sales, inventories, prices, employment, payrolls, hours, earnings
2, 3, 4, 6, 12, 13, 14, 15
Rye
28
Saving, personal
1
Savings deposits
16
Securities issued
19
Services
1, 5, 11,13, 14, 15
Sewer pipe, clay
38
Sheep and lambs
29
Ship and boat building
11, 12, 14, 15
Shoes and other footwear
6, 9, 10,12, 13, 14, 15
Shortening
26
Silk, prices, imports
6,39
Silver
18
Soybeans and soybean oil
26
Spindle activity, cotton
39
Steel ingots and steel manufactures (see also
Iron and steel)
2,32,33
Steel scrap
32
Stocks, department stores (see also Inventories)
10
Stocks, dividends, prices, sales, yields, listings.
20
Stone and earth minerals
2, 3
Stone, clay, and glass products
2,
3,4,11,12,14,15,18,38
Stoves
34
Sugar
22,30
Sulfur
25
Sulfuric acid
24
Superphosphate
25
Tea
30
Telephone, telegraph, cable, and radio-telegraph carriers
11, 13, 14, 15, 19, 20, 24
Television and radio
3,6,8, 34
Textiles
2,3,
4, 6, 12, 13, 14, 15, 18, 22, 38, 40
Tile
38
Tin
22,33
Tires and inner tubes
6, 9, 10, 12, 13, 14, 15, 37
Tobacco
2, 3, 4, 5, 6, 8, 12, 13, 14, 15, 22, 30
Tools, machine
34
Tractors
34
Trade, retail and wholesale
3,
5,9,10,11,13,14,15,17
Transit lines, local
23
Transportation and transportation equipment2,
3, 4, 5, 9, 11, 13, 14, 15, 18, 23, 40
Travel
24
Truck trailers
40
Trucks-.
2,40
Turpentine and rosin
25
Unemployment and compensation
11, 13
United States Government bonds
16, 17,19, 20
United States Government
finance
17
Utilities
2, 5,
6, 7, 11, 13, 14, 15, 17, 18, 19, 20, 26, 27
Vacuum cleaners
34
Variety stores
9, 10
Vegetable oils
25, 26
Vegetables and fruits
5, 6, 22, 28
Vessels cleared in foreign trade
23
Veterans' benefits.13, 17
Wages and salaries
1, 14, 15
Washers
34
Water heaters...
_
34
Wax
36
Wheat and wheat
flour
19,28,29
Wholesale price indexes
6
Wholesale trade
3, 5,10,11,13, 14, 15
Wood pulp
36
Wool and wool manufactures
6, 22, 39, 40
Zinc
33
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