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AUGUST 1946
SURVEY OF
CURRENT
BUSINESS
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
Survey of
VOLUME 26, No. 8
AUGUST
/"Statutory Functions: "The Bureau of Foreign and Domestic Commerce . . . '
I! to foster, promote9 and develop the foreign and domestic commerce of
\the United States" [Law creating the Bureau Aug. 23, 1912 [37 Stat. 408].]
Contents
Page
THE BUSINESS SITUATION
Price Control Extension Act of 1946
Recent Changes in the Price Structure . . •
1
6
8
STATE INCOME PAYMENTS IN 1945
STATISTICAL DATA:
New or Revised Series
Monthly Business Statistics
General Index to Statistical Section • • • • •
11
22
S—1
Inside back cover
!{ i i OtC—Contents of this publication are not copyrighted and |
may be reprinted freely. Mention of source will be appreciated /
Published by the Department of Commerce. HENRY A. WALLACE, Secretary.—Bureau of
Foreign and Domestic Commerce, AMOS E. TAYLOR, Director. Subscription price $2 a
year; Foreign $2.75. Single copit^s, 20 cents. Price of the 1942 supplement, the last issue.50 cents. Make remittances direct to the Superintendent of Documents, United States
Government Printing Office, Washington 25, D, C«
1946
THE BUSINESS SITUATION
By the Office of Business Economics
S THE ECONOMY winds up its first
A
postwar year, output is increasing in
practically all lines where capacity permits, and civilian employment, though
already at a peacetime high, is still gaining. In general, economic activity is
currently being limited more by difficulties inherent in the task of organizing
industry for larger peacetime output
than by actual and prospective demand.
Accompanying the advances in production and employment have been further increases in the volume of income
payments to individuals. It is expected
that the July estimate of income payments will show a sizable gain over the
June figure, which was fractionally below the total for the preceding month
because of reductions in farm income
and military pay and because of the reduced importance of retroactive wage increases. Total income payments after
seasonal adjustment were equivalent to
an annual rate of 161 billion dollars in
June, as compared with the wartime
peak rate of 165 billion dollars in February 1945.
Consumer and Business Buying Heavy
Sales at retail are continuing in heavy
volume. Department store sales, after
adjustment for seasonal factors, appear
to be holding close to the record scored
in June. Total retail sales in June
showed somewhat less strength than sales
at department stores because of a decline in apparel store sales from the high
volume in the first quarter of the year,
and because of the failure of some other
classes of stores—food stores, eating and
drinking establishments, and filling stations—to exceed earlier volume. Nevertheless, total retail dollar volume in
June was one-fourth higher than a year
ago.
The strength of retail buying continues to be bolstered by heavy demands
of businesses for inventories—which
have been low relative to sales volume
for several years—and for plant and
equipment. Both types of business outlays have become increasingly important
since the end of the war.
702057—46
1
The Month in Review
Economic activity in July reflected further recovery after the
retardation resulting from industrial disputes, and developments
connected with the 25-day lapse of
price controls. Industrial production, with due allowance for seasonal factors, moved higher, the
increase being paced by automobiles and steel. Judging by the
preliminary evidence currently
available, employment rose along
with production.
A clear picture is not yet available of the trend of distribution
during the month, as affected by
the changes on the price front.
Consumer buying at department
stores appears to have followed
the usual seasonal pattern. On
the other hand, dollar sales of food
stores undoubtedly rose because of
sharp price advances and larger
supplies.
Railroad freight traffic, after the
holiday week, followed a rising
weekly trend with all classes except
less-than-carload-lot freight participating. The larger movement
of grains was seasonal, but the increased flow of livestock was in response to the lapse of price controls.
Coincident with the increase in
commodity prices while controls
were off and the rise in industrial
output, stock prices declined.
Bond prices also declined somewhat, chiefly in response to indications of slightly higher shortterm interest rates.
The recent price developments, which
seem to assure higher prices in the period immediately ahead, are likely to
spur the already large inventory demands of business, but the effect on consumer buying is more uncertain. Consumer resistance to higher food prices
was somewhat in evidence in the weeks
immediately following the lapse of OPA
controls. There is no telling when further price advances will have the effect
of hastening the day when demand
rather than productive capacity will
again assume the governing role in the
economy.
Interim Without Price Controls
There were substantial price increases
following the temporary lifting of price
controls after June 30. The wholesale
price index, which covers the prices of
almost 900 commodities, rose 10 percent
during the 4 weeks of July and the average increase in prices paid by consumers
was 5V2 percent, on the basis of preliminary reports for July 15. In each case,
the rise in the index partly reflected the
elimination of subsidy payments.
The response of basic commodity
prices to the lapse of OPA controls at
the end of June is indicated in chart 1,
which shows the Bureau of Labor Statistics daily index of spot market prices of
28 commodities (including 12 foodstuffs and 16 raw industrial materials)
for June and July. This index is a more
sensitive barometer of changes in market conditions than the broader wholesale price index, since the latter includes
many fabricated and semi-frabricated
goods whose prices generally fluctuate
less frequently and within narrower
margins than the prices of raw materials
and foodstuffs. It appears that most
manufacturers observed former ceiling
prices during the interim of ceiling-free
trading.
Rise Sharper Than After World War I
The index of 28 basic commodities
reached a peak of 250 (August 1939=
100) on July 23 and remained very close
to that level during the balance of the
month. This compares with 199 at the
time OPA controls lapsed and with 184
last August. The latest spurt raised
the index more than one-third above
the VJ-day level. During the first postWorld War I year, the index rose by only
one-fourth.
The removal of subsidy payments was
only a minor factor in the July rise in
SURVEY OF CURRENT BUSINESS
Chart 1.—Spot Market Prices
of 28
Basic Commodities x
INDEX, AUG. 1939=100
2601
—
1
Market quotations for days omitted are
not available.
Source of data: U. S. Department of Labor.
the index. In the President's message
accompanying his signature of the new
price control law on July 25, it is estimated that subsidies accounted for only
about 4 points in the basic commodity
index.
A subsequent section of this review
analyzes the behavior of wholesale prices
following the lapse of OPA controls.
The absence of any extensive price
decline in the latter part of July, despite
the revival of OPA controls, reflects the
fact that the prices of most commodities
that advanced rapidly while the price
lid was off were not brought immediately
under control by the new law. Whether
the commodities that were decontrolled
will be restored to price control either
at the old ceilings or above depends
upon the action of the newly created
Price Decontrol Board. (Provisions of
the new law are reviewed in a later
section.)
Record Livestock Receipts
The meat packing industry was one
of the few industries to feel effects of
the removal of price controls almost immediately. (See chart 2.) The somewhat reduced volume of livestock slaughtered at federally inspected plants during the first 5 months of this year as
compared with 1945 was largely a reflection of increased diversion of animals
to noninspected slaughterers. The extremely low volume in June, however,
was due to sharply reduced receipts at
livestock markets as producers awaited
the outcome of the price control legislation.
As soon as ceilings were lifted, sellers
rushed shipments to the market and activity at meat packing plants rose to record volume for that season of the year.
At the end of the month hogs were selling at approximately $22 per hundredweight at Chicago, as compared with the
former ceiling of $14.85, and the price
of steers had risen from $17 to $20 per
hundredweight. The increased prices
were quickly reflected in wholesale and
retail markets. There is evidence that
the initial high prices met with some
consumer resistance and that this factor, plus the heavy volume of meat production, may have resulted in some price
reductions at wholesale and retail outlets by the end of the month. These
reductions, however, were not carried
back to primary markets.
A sobering fact for the consumer is
that livestock slaughter cannot be sustained at the July rate for very long.
Marketings were bunched in July because of the hold-back in June and because of the rush of producers to sell
while prices remain uncontrolled. It
was particularly true in the case of
hogs, where the supply of matured animals is rather limited, that part of the
July volume was at the expense of reduced marketings in later months.
Scrap Steel Receipts Dry Up
Lifting of price ceilings had an altogether different effect in the steel industry where offers of scrap steel at a higher
price were generally resisted during
July. The net result was a drying up of
scrap receipts, which normally account
for about two-fifths of the raw materials entering into new steel. Ordinarily, at this season of the year the
industry would be stockpiling scrap for
the months to come.
With OPA controls revived, scrap receipts are expected to rise. In order to
minimize the effect of the scrap shortage on current operations, the Civilian
Production Administration has taken
emergency steps to speed the flow of
scrap from shipyards and other sources
to the mills.
New Allocation Plan for Pig Iron
Output of steel ingots in July bettered
the postwar peak of 6.5 million tons registered in March. However, failure of
the weekly operating rate to exceed 90
percent of rated capacity has spurred
action to bring additional plants into
operation. In most cases, the facilities
which have remained shut down are
Government-owned plants whose finishing capacity is not readily adaptable to
rolling the steel shapes in greatest demand at present.
August 1946
Chart 2.—Meat Production
BILLIONS OF POUNDS
2.0
1.5 -
\
1945
\
I
/
-
'/—JL /
*A/
1946
1 0
-
.5 -
0
1
1
1
1
i
1
1
1
1
1
1
1
Represents dressed carcass weight (including carcass fat rendered into lard) of
livestock slaughtered under Federal inspection. Figure for July 1946 is a preliminary
estimate for the month, based upon weekly
data through July 27, 1946.
Source of data: U. S. Department of Agriculture, except estimates for July 1946.
A partial allocation plan for merchant
pig iron is being put into operation as
a complementary plan to the "voluntary
certification" scheme for steel initiated
on July 1. The new plan is designed to
assure an adequate supply of pig iron
for foundries producing gray and malleable castings needed for the production of specified types of farm machinery
and building materials. Some new
building materials have been added to
the original list of critical items to be
given preference for production and
delivery.
Freight Movement Picks Up
The heavy volume of rail-freight
movement in June and July testifies to
the stepped-up rate of industrial output
and to the increased movement of agricultural commodities. The seasonally
adjusted index of total freight carloadings rose to a postwar high in July and
was about the same as a year ago, just
prior to the end of the war. (See chart
3.) Shipments of grain and grain products, coal, and perishables have been at
near record amounts in recent weeks.
Miscellaneous carloadings — w h i c h
largely reflect the movement of manufactured goods—have also increased but
are still below last year.
Length of Haul Reduced
Due to the disappearance of some
long-haul freight movement which was
important during the war, the index of
railroad ton-miles has not held up as
well as the carloadings index. On the
basis of figures for April, the reduction
August 1946
in the average length of haul was more
than 10 percent. In contrast, the average number of tons per carload has not
changed much since the end of the war,
with the exception of the period when
the coal strike was in effect.
The preliminary index of railroad tonmiles for July is 14 percent below a year
ago, even though the carloadings index
was about the same in the two periods.
In June, the decline from a year ago was
approximately 20 percent.
A much different picture is shown in
the lower right panel of chart 3 which
illustrates the index of ton-miles for nonrail commodity movement. The fact
that this index is higher than in the comparable period of 1945 reflects the increase in waterborne traffic. Truck
movement fell off after the end of the
war, but the decline was less than the
drop in railroad ton-miles. Truck transportation in recent months has been almost as heavy as last year's volume.
The ton-mile index for all commodity
movement combined—rail, truck, waterborne, air, and pipe line—is estimated
for June at about 13 percent below the
index for June 1945. The year-to-year
comparison for July should show a
smaller decline.
Freight Car Supply Tight
The rising demand for freight cars has
resulted in a tight car supply situation,
even though the seasonal peak in freight
movement is still a few months away.
The supply is particularly tight for box,
stock, hopper, and refrigerator cars. To
speed up the return of empty cars, an
increase in demurrage charges was recently put into effect.
There were about 35,000 fewer serviceable cars available on July 1, 1946, than
on the same date last year. This decline
reflects an increase in the number of
bad-order cars and a reduction in the
total number of cars owned.
Because of the large crops anticipated
this year, the Interstate Commerce
Commission has requested the railroads
to give grain-producing areas first call
on the supply of good grade box cars.
The demand for coal cars has been unusually heavy due to the need for replacing the coal stocks drawn down during April and May. Similarly, refrigerator cars have been in great demand
because of the large volume of perishable
commodities being shipped.
Fractional Drop in June Payments
Total income payments to individuals
declined fractionally between May and
June, after adjustment for seasonal factors. Although wage and salary payments increased, agricultural income
SURVEY OF CURRENT BUSINESS
was lower and there was continued contraction of military payments. Retroactive wage increases paid to railroad
employees, an important factor in the
sharp rise in May income payments,
were of little importance during June.
As shown in chart 4, total income
payments in May and June were within
3 percent of the peak wartime rates
during the first half of 1945. On the
other hand, the total, exclusive of pay
to the armed forces, has been appreciably higher since March 1946 than
during the war period. The dynamic
factors in the behavior of income
payments since the end of the war were
reviewed in last month's SURVEY.
An important factor contributing to
the increase this year has been the series of boosts in basic wage rates over
major sectors of industry. Despite
intra-industry downgrading and shifts
from higher- to lower-paying industries,
average straight-time hourly earnings
in manufacturing in May of this year
were 8 percent above July 1945. Hence,
the 10-percent reduction in hours of
work in manufacturing industries resulted in only about a 7-percent decline
in average weekly earnings.
Manufacturers' Shipments at 1942 Rate
The dollar value of manufacturers'
shipments during the first half of 1946
are estimated, on the basis of reports
to the Department's Industry Survey, at
more than 56 billion dollars, a rate about
equal to that of 1942 and 8 percent below
the last half of 1945. Inventories have
increased by 850 million dollars from the
year-end—with over 300 million dollars
added to the value of shipping stocks.
For most of the period, also, the value
of new orders has exceeded shipments.
There is undoubtedly some duplication
of orders in the total but, on the other
hand, many companies have refused to
book advance orders in the past few
months because of production and price
difficulties.
Shipments of durable goods industries
have been climbing steadily upward
since February of this year. In contrast, shipments of nondurable goods
industries were unchanged between
April and May and were down slightly
in June. (See chart 5.) A year-to-year
comparison shows shipments of durable
goods industries two-fifths below the
amount in June 1945, while shipments
Chart 3.—Commodity Transportation: Freight Carloadings and Ton-miles a
INDEX, 1935-39 = 100
180
FREIGHT CARLOADINGS,
TOTAL
INDEX, 1935-39=100
180
FREIGHT CARLOADINGS,
MISCELLANEOUS?/
VV
140
^1945
140
1946
I
I
I
I
I
1
I
I
I
I
I
I
I O O
260
TON-MILES OTHER
THAN RAILROAD^/
RAILROAD TON-MILES
220
220
1946
180
180
1945
140
100
140
1 1 1 1
I
J
J
1
1
1 I
1
1 1
1 1
A S O N D
J F M A M
ADJUSTED FOR SEASONAL VARIATION
1
J
I
1
I
I
100
J
46-505
1
2
All data for July 1946 and also ton-miles for June 1946 are preliminary estimates.
"Miscellaneous" freight carloadings represent total carloadings less coal, coke, forest products,
grains and grain products., livestock, merchandise in less than carload lots, and ore.
3
Includes the following types of commodity transportation: intercity motor truck for hire;
air; oil and gas pipe lines; and domestic waterborne.
Sources of data: Freight carloadings except July 1946, Board of Governors of the Federal
Reserve System; all other data, U. S. Department of Commerce.
SURVEY OF CURRENT BUSINESS
of nondurable goods industries were
practically unchanged between the two
periods.
In the face of the uncertainties concerning price controls after June 30, the
total value of shipments by manufacturers—at 9.7 billion dollars in June—
increased slightly from the May figure,
after adjustment for the number of
working days, and the over-all inventory
increase was not large. Total inventories of manufacturers at the end of June
were 17.2 billion dollars, an increase of
just over 200 million dollars for the
month.
Chart 4.—Income Payments to Individuals, Seasonally Adjusted
BILLIONS OF DOLLARS
15 I
TOTAL
Divergence in May—June Changes
There was considerable divergence in
the pattern of the May-to-June changes
in inventories and shipments as between
industries. This arises out of the fact
that there were two separate forces
shaping the trend of manufacturing
activity. In the durable industries as
a group, the renewal of steel production
and shipments and the settlement of
several important strikes resulted in
gains in both shipments and inventories.
While price uncertainties were less important than in the nondurable industries, every major durable group added
to stocks. In the nondurable category,
however, shipments declined and aggregate inventories were slightly under
those of the previous month end.
The largest increases in shipments
came in the machinery industry, including electrical, and in the nonferrous
metal group, where a combined rise of
over 10 percent for the one month was
experienced. The improvement occurred
predominantly in the electrical equipment companies and in the copper refineries where the ending of major
crease being confined largely to aircraft
companies. Deliveries of new automobiles were down in line with lower finished assemblies. The rise in employment and production, other than in aircraft, shows up in the higher inventory
figures, and indicates, for the most part,
a converting of raw materials into semifinished products and goods-in-process
inventories which results in a larger dollar value for total inventories. Shipping stocks were virtually unchanged
over the month.
Gains in Finished Goods Inventories
Manufacturers' Inventories Rise Slowly
The value of inventories in nondurable goods industries was over one-tenth
higher at the end of June than in mid1945. Practically all of this gain occurred during the second half of last
year, as there have been only minor
changes during 1946.
Inventories in durable goods industries have not quite recovered the level
of last June, since the liquidation of
materials and supplies which had been
procured for war production exceeded
the accumulation of civilian-type stocks
over this period. The net inventory reduction incident to contract termination
is estimated at close to 5 billion dollars.
The bulk of this liquidation was in the
durable goods industries and ocurred in
the latter part of 1945. Inventories in
durable goods industries have been increasing slowly but steadily this year.
August 1946
1945
1946
Source of data: U. S. Department of
Commerce.
strikes buoyed activity, particularly in
the output of consumer durable lines.
Shipments in the iron and steel industry also made a small increase, although
not nearly so much as might be suggested by the sharp rise in steel ingot output because of the necessary lag between
output of ingots and shipments of finished steel products. However, the
marked rise in the value of product of all
three above-mentioned industries is further reflected in the additipns to inventories. Two-thirds of the aggregate increase in durable inventories occurred in
these three fields.
Effects of Price Uncertainties
The month's price uncertainties were
reflected most directly in the lumber and
other building material industries and
furniture products. Shipments of this
group declined 3.5 percent in spite of
higher output and employment and in
the face of an insistent and large demand. As a consequence of lower shipments, inventories increased. The resulting rise was not so large in dollar
terms since book figures for stocks cover
only actual costs and not the selling expenses and gross margins included in
delivery prices.
The value of shipments by the transportation equipment group, including
automobiles, also declined, with the de-
In the nondurable industries the price
situation was undoubtedly a factor in the
drop in aggregate shipments which coincided with a rise in finished goods inventories. The decline in total inventories was accounted for entirely by the
food and tobacco group and came from
a decrease of stocks of raw materials
and goods in process. This reflected the
price control debates as they related to
the future prices of farm products and
foods. Thus, through June 30, farmers
and other marketers of primary products held goods off the market, as was
typified by the widely publicized pictures
of empty stock pens and meat markets
before the lapse of OP A and record runs
to markets immediately after July 1.
That the marketing delays were not entirely in the primary market, however,
is suggested by the rise in finished-goods
inventories of food and tobacco products.
In the textile, apparel, and leather industries, the value of shipments by manufacturers declined by 6 percent from
May to June despite an increase in employment, which in the case of apparel
trades was contra-seasonal. Against
this drop in deliveries was a 3-percent
rise in total inventories for the group.
Larger stocks of finished products contributed about half the total increase.
The chemical industry, including
drugs, soaps, and cosmetics, as well as
industrial chemicals, was another instance of declining shipments, although
the amount was not significantly large
and there were net additions to stocks.
The heavy seasonal demand for petroleum products brought an increase in
both shipments and inventories of this
industry. In paper and paper products
there was a slight rise in shipments, although here, too, additions were made
to total stocks. In neither case, however,
was the addition large.
New Orders Exceed Shipments
The index of new orders showed a
slight rise from May to June. The increase was confined to the durable category, led by the machinery and nonfer-
SURVEY OF CURRENT BUSINESS
August 1946
rous metal industries. New orders for
nondurable goods were at about the May
level although a marked increase was
made in the textile industry. On the
whole, except in those industries where
advance orders have not been accepted,
commitments in June were in excess of
shipments even where some drop from
May was experienced.
Billion Dollar Construction Rate
Continuing the trend which began
early in 1945, the monthly value of construction put in place increased again in
July to a total of almost one billion
dollars. The July figure of 992 million
dollars compares with 916 million dollars
in the previous month and is twice as
large as the value reported in July 1945.
The monthly rate of increase in construction activity has slackened in comparison with the very rapid gains made
earlier in the year. This is most marked
in the private segment. The increase of
approximately 7 percent in private construction activity between June and July
was only one-half the percentage gain
recorded for public construction, although the dollar magnitude of the increase in the former was twice as great.
Emphasizing the need for low-priced
rental accommodations, the NHA in
June issued new instructions to its regional offices regarding the processing
of priorities applications for new home
building after July 1. Under the new
rule the monthly authorization quotas
which are assigned to each office will be
met by granting first preference to rental housing priced at or below the local
"dividing lines" (which are based on the
cost of a 2-bedroom house meeting
minimum
construction
standards).
Successively lower orders of preference
will be granted to housing for sale priced
below the "dividing line" and to rental
and sales housing priced above the line.
Since authorizations to the top preference classes may be increased by cutting the number of authorizations to
lower classes when the number of applications for low-cost dwelling units warrants, the chances of getting a larger
number of authorizations for low-priced
units (with rental units preferred) are
considerably enhanced.
Chart 5.—Manufacturers' Shipments and Inventories
The Housing Expediter has released
figures showing that residential starts
through June 30 numbered 495,000, of
which 319,000 are conventional units and
150,000 are conversions and temporary
accommodations. About 225,000 units
were completed in the half-year period.
The greatest contribution to the new
housing supply was made by private
builders erecting conventional units at
the site. Factory fabricated units accounted for only a very small part of the
total
The delays in achieving production of
prefabricated houses have necessitated
a reshuffling of housing goals. While
the total number of units to be started
this year remains unchanged, the part
played by conventionally built units and
by other types has been increased to make
up for the slow performance of prefabricated construction. The following
table shows the number of dwelling units
of different types scheduled for 1946 under the new and original programs:
r
Conventional.
Conversions
...
Temporary re-use
Trailers
Prefabricated
_.
Total
DURABLE GOODS
^
INDUSTRIES
300
\
\ ^ SHIPMENTS - ^
200
IOO
O
INVENTORIES
-
\ f
( ENO OF MONTH )
—
,
,
I
1 .
.
,
1 -
1
1 1 1 I
1 1 1 1 1 1
300
NONDURABLE GOODS
INDUSTRIES
SHIPMENTS,:
200
INVENTORIES
!OO
New program
" \
( END
OF MONTH )
Original
program
738,000
87,000
225,000
50, 000
100, 000
650,000
50,000
200,000
50,000
250,000
1, 200, 000
1, 200,000
| | | | [ I I I I I I
-19451
A significant recent event in international economic relations was the final
approval of the loan agreement with the
United Kingdom providing a line of
credit of 3,750 million dollars. The loan
itself will be of immediate help to Great
Britain in her effort to rebuild and modernize her economy and will contribute
toward the long-run goal of .a more
liberal world-trade policy.
From the effective date of the loan,
sterling accounts of United States residents accruing from current operations
become freely convertible into dollars,
and within a year all sterling arising
from current transactions is to be made
freely convertible into any other currency. In addition, Great Britain is to
begin negotiations to settle the large
blocked sterling accounts which have
accumulated in London during the war.
The loan agreement also provides that
neither the United States nor Britain
shall discriminate against each other's
products, subject to certain exceptions,
chief of which is the eventuality that the
dollar is declared a scarce currency by
the International Monetary Fund.
Spur to International Economic Programs
INDEX, AVG. MO. 1939=100
400
Almost Y2 Million Residential Starts
British Loan Approved
I I 1 I I 1I I I I I
-1946-
Adjusted to a 25-working-day month.
Source of data: TJ. S. Department of
Commerce.
Aside from the provisions of the loan
which directly eliminate discriminatory
trade restrictions, the approval of the
loan touches off a series of important
international developments pointing toward freer multi-lateral trade. Thus,
the Bretton Woods institutions had been
organized and had called for original
subscriptions but delayed actual functioning until the participation of Britain
could be assured, which, in turn, depended upon the loan approval. Similarly,
the "Proposals for Expansion of World
Trade and Employment" published by
the United States Government and
agreed to in principle by the United
Kingdom can now be considered by the
Preparatory Committee of the Economic
and Social Council at the meeting
scheduled in October as a preparation for
a conference to be held in the spring of
1947.
At the proposed meeting in the spring
of 1947, actual negotiations for trade
barrier reductions will be undertaken.
The United States will not issue any
formal announcement of its intention
to negotiate under the Trade Agreements
Act until after the October meeting of
the Preparatory Committee.
U. K. Balance of Payments Improved
The line of credit by the U. S. has been
supplemented by a similar credit of 1,250
million dollars granted to the United
Kingdom by Canada. The deficit in the
SURVEY OF CURRENT BUSINESS
6
British balance of payments was estimated in the fall of 1945, when the American loan agreement was negotiated, to
be about 3 billion dollars in 1946 and another 2 billion dollars over the several
years that Great Britain would be building up her export trade sufficiently to
pay for all import needs.
By restricting domestic consumption
through limited imports and by reserving a large percentage of domestic production for export, Great Britain has
been able to reduce her import surplus
from an annual rate of 1,690 million dollars in the last quarter of 1945 to 1,310
million in the first quarter of 1946 and
to 1,240 million dollars in April and May
1946, which is considerably less than the
originally estimated deficit. Because of
the income on foreign investments and
shipping, the deficit in the entire balance
of payments will be less than the trade
deficit.
The availability of the loan may induce the British government to relax
slightly the restrictions on domestic consumption, but according to reports the
loan will be used primarily to import raw
materials and equipment for modernization of British industry. Even though
imports can be expected to rise, therefore, and exports may not continue to
increase at the same rate as during the
first half of 1946, the Un%d Kingdom
may reach the equilibrium in her balance
of payments earlier and with a smaller
total deficit than originally estimated.
Loan to France
In addition to the British line of credit,
the United States made available during
the first 6 months of 1946 lines of credit
to other foreign countries amounting to
more than 1.5 billion dollars, of which
over 1 billion dollars represent new loan
authorizations by the Export-Import
Bank and the remainder primarily credits
granted for the purchase of surplus
goods. The largest part of the new loan
authorizations consists of the loan agreement with France, signed on May 28,
1946, which provided for an Export-Import Bank credit of 650 million dollars,
and an additional credit of 300 million
dollars to finance surplus property purchases.
Canada and Sweden Revalue Currencies
The uncertainty about price developments in the United States after the expiration of the price control act on June
30, 1946 led many countries to examine
the need for measures to protect them-
August 1946
selves from possible repercussions of a
sharp rise of United States prices. This
consideration was a factor in the decision
of Canada and Sweden to raise the value
of their currencies in terms of United
States dollars.
By this method these countries are attempting to reduce the possibility of
goods being drained out of their countries
to the United States as a result of higher
prices obtainable here. At the same time
they are seeking to avoid a decline of imports, by increasing the value of their
currency in world markets. Canadian
and Swedish importers are thus enabled
to pay more in terms of dollars and other
foreign exchange without raising prices
within these countries.
Raising the exchange value of a currency, therefore, has the same external
effect as domestic price rises, but, for
the time being at least, avoids the internal dislocations. Neither Canada nor
Sweden, in the present sellers' market,
have to fear that they will lose export
opportunities. The rise of the external
value of these currencies only means
that the United States and other countries will have to pay more for Swedish
and Canadian products and will experience a further upward pressure on some
of their own prices.
Price Control Extension Act of 1946
The new price control law signed by
the President on July 25, 1946, extends
the life of the Office of Price Administration until June 30, 1947, but modifies the
agency's authority in important respects.
In general, the new law reimposes price
ceilings on the major portion of goods
and services produced but continues, at
least temporarily, free market pricing on
most agricultural commodities and on
petroleum.
The major departures in the new law
from the price control system in effect
during the war and up until June 30 are
the shift in emphasis from general price
control to speedy price decontrol, the
liberalization of pricing formulae, the
transfer of control of agricultural prices
to the Secretary of Agriculture, and the
creation of a Price Decontrol Board.
This Board has review powers and is
also responsible for deciding whether
any of the decontrolled commodities
should be placed under ceilings and what
action should be taken on subsidy payments.
The new price control law represents a shift in emphasis from
general price control to orderly decontrol. Price ceilings have been
restored on most goods and services, but some important cost-ofliving items are without ceilings,
at least until August 21.
The test of the new price-control law will be its effectiveness in
preventing price and cost increases
from cumulating in spiral fashion
and its ability to minimize price
uncertainties which interfere with
the flow of goods to businesses and
consumers.
Some Prices Continue Uncontrolled
Uncontrolled market pricing, which
became general with the lapse of OPA
controls at the end of June, has been
continued until August 21, 1946, for poul-
try, eggs, tobacco, grains, livestock, milk,
cottonseed, soybeans, and petroleum.
With the exception of foods processed
from grains, products made in whole or
substantial part from the above-mentioned commodities also remain free of
controls during this period. Thus, for
example, prices of feeds, meats, butter
and cheese, and soy bean flour continue
to be freely priced. On the other hand,
wheat flour is immediately restored to
price ceilings.
Two different procedures are stipulated in determining whether price ceilings shall be reimposed on the decontrolled commodities. On the one hand,
grains, livestock, milk, cottonseed, soy
beans and products will automatically
revert to price control on August 21, unless the Board specifically finds no controls are required. On the other hand,
free pricing of poultry, eggs, tobacco, and
petroleum will continue after August 20
unless the Decontrol Board finds their
controls necessary to prevent inflationary trends.
August 1946
Cotton and rye are also exempted from
price controls under the act by the provision that no ceilings shall be imposed
on goods not under price control on
April 1, 1946.
Criteria for Recontrol
The criteria for deciding whether price
ceilings should be restored on any of the
decontrolled items are set forth in the
act as follows:
(1) that the price has risen unreasonably above the maximum price on June
30, 1946, plus subsidies payable as of
June 29;
(2) that the commodity is in short
supply with regulation practicable and
enforceable; and
(3) that the public interest will be
served by maintaining ceilings.
These criteria apparently allow price
control authorities considerable discretion in recontroliing prices which are left
free until August 21 and in rolling back
prices which have risen above ceilings
plus subsidy.
Nonessentials To Be Decontrolled
The present law also provides for the
decontrol of all items "not important in
relation to business costs or living costs."
Although this policy was already being
pursued by the Pricing Authority under
the old law, the new act stipulates that
all nonessentials must be decontrolled
not later than December 31, 1946. The
Secretary of Agriculture is given the
authority to determine what agricultural
products should be decontrolled under
this provision.
Finally, decontrol is ordered whenever
supply equals or exceeds demand, including inventory requirements. This
also was part of former OPA policy.
Supposedly, the price at which demand
and supply are measured would be the
ceiling then in effect. Either interested
industries or industry advisory committees appointed by the Price Administrator may petition the price control authorities for the elimination or modification
of price ceilings. In passing on petitions
for decontrol, the control authorities
must be guided by the above considerations.
SUEVEY OF CURRENT BUSINESS
ous consumer items were put back under
the old ceilings.
For many commodities, however, restoration of former ceilings was shortlived, since a number of price ceiling
adjustments had accumulated during the
hiatus in OPA controls and these changes
were announced soon after the new law
was signed. Prices of textile products,
shoes, and fuel were among the items
affected by the many ceiling boosts at the
end of July.
prices which allow peacetime mark-ups,
so long as sales for any 6-month period
remain under average sales from 1939
to 1941. The general provision which
applies to all distributors allows a
percentage mark-up equal to that which
was in effect on March 31, 1946. These
two provisions have the effect of preventing compulsory cost absorption by
distributors such as was done when retail price ceilings were earlier established
on new automobiles.
Manufacturers' Ceilings
In determining the maximum price allowed manufacturers, the following provisions are particularly significant:
(1) Ceilings at the producer level must
allow the industry's over-all dollar profit
margin earned in 1940 on any major item
of production, except for situations
where there may be temporary abnormalities in costs. To the extent that this
formula is used, it will result in somewhat higher prices than previously authorized by OPA, not only because of the
change in the base period from the 193639 average to 1940, but also because former OPA ceilings were generally based
on a profit-net worth formula and were
not on an individual product basis.
(2) Control authorities are permitted
latitude in maintaining present ceilings
if higher ceilings would not increase output. The existing ceilings must, however, cover costs and provide a "reasonable profit".
(3) A special provision covers ceilings
on cotton and wool products. These
ceilings must allow for costs plus the
1939-41 average profit on each major
item. Costs must include current prices
paid for basic raw materials (but not less
than the parity price) and average mill
conversion costs.
(4) The Maximum Average Price plan
is prohibited. This plan was adopted
by OPA under the previous law in order
to redirect the flow of materials to lowend clothing items in short supply because of the incentive to shift production
to more profitable lines.
In the case of agricultural commodities at the producer level, the Secretary
of Agriculture may raise prices when it
appears to him that production is being
impeded by existing ceilings.
Ceilings on Imports
The law contains a special provision
with respect to prices on imported goods
which requires upward adjustments in
cases where the existing ceiling is below the world price and, as a result, imports are substantially curtailed or domestic trade in products containing the
imported material is substantially restricted. While this adjustability in import prices will make it possible for importers to pay the world market price,
it may prove difficult to maintain existing ceilings on similar products produced
domestically even though the law does
not require these ceilings to be adjusted
upwards as import prices are raised.
Restoration of June 30 Ceilings
Price ceilings in effect on June 30, 1946,
were immediately restored on all goods
and services not explicitly decontrolled
in the act. Thus, residential rents,
about 40 percent of the foods, clothing,
housefurnishings and many miscellane-
Peacetime Mark-Ups for Distributors
With respect to reconversion goods
(such as automobiles and other durable
consumer goods) the law provides that
distributors in wholesale and retail
industries shall be permitted ceiling
Flexibility in Restaurant Prices
The new act contains several other
less important provisions for upward
ceiling adjustments. For example, eating and drinking establishments are permitted to raise their charges to the extent that their costs are increased because of higher prices paid for commodities no longer under price control.
Provision for Subsidy Payments
The new law provides 1 billion dollars
for subsidy payments. Although this total represents a reduction from previous
authorizations, the major portion, 869
million dollars, is available for spending
over a shorter period, since most subsidies must taper off and be terminated by
April 1, 1947. Hence, the amount of the
authorization need not of itself immediately reduce the rate of subsidy payments.
Extension of subsidy payments to new
commodities and increases over previous subsidy rates are prohibited.
Furthermore, no subsidies may be paid
on commodities while they are decontrolled. Thus, subsidy payments cannot
be resumed on meats, milk, butter,
cheese, and other decontrolled commodities unless these products are restored
to price control.
SUKVEY OF CUKRENT BUSINESS
8
Wage stabilization controls remain
possible under the Price Control Extension Act since unauthorized wage increases need not be considered in determining ceiling adjustments. In most of
the large industries wage rate increases
in line with the national wage pattern
were granted during the early months of
this year. In some other industries, however, wage rates have not risen to the
permitted extent.
were left to the operation of market
forces. Within such a framework of
controls it was possible to clamp a relatively tight price lid on the economy.
The new Act departs from the wartime
system of general price control by permitting important cost-of-living items
to remain uncontrolled, at least for a
temporary period. This change will require a more flexible control system if
the proper balance among related prices
and between prices and costs is to be
maintained in the period ahead.
General vs. Partial Controls
A major factor in the success of price
control during the war was the inclusive
nature of the controls. Virtually no
major living costs or production costs
Problem of Cost-Price Balance
It appears that the modified price
control system can provide this flexibility since it embodies more liberal pricing formulae. In effect, this means that
Wage Stabilization Continued
August 1946
cost-price balance will be obtained at
the expense of further price increases.
Although the improvement in the supply
situation since the end of the war has
taken the edge off the inflationary pressures in some areas of the economy, it
is difficult at present to single out many
important commodity markets where
the demand-supply situation is not
heavily weighted on the side of demand.
The test of the new price control
set-up will be its effectiveness in preventing price and cost increases from
cumulating in spiral fashion and its
ability to minimize price uncertainties
which interfere with the flow of goods
tc businesses and consumers.
Recent Changes in the Price Structure
Recent weeks have brought major
changes in the price structure. Prices
of raw materials have increased more
than the prices of semifinished and finished goods. Prices in primary and
wholesale markets have risen more rapidly than prices at retail.
The pattern of recent price changes
has been extremely varied because prices
are not equally sensitive to changes in
market conditions and because the new
price control law has left some prices
uncontrolled, at least until August 21.
But regardless of the action taken on
the decontrolled prices, the price structure will continue to be adjusted in the
period ahead not only because of the
provisions of the new price law but also
because many of the price changes that
have already taken place have not yet
had their full effect.
Prices rose markedly following
temporary ending of OPA controls
on June 30th. The general index
of wholesale prices increased 10
percent during the 4 weeks of
July—largest advances were registered in agricultural and food
prices. In contrast, the prices of
many industrial products remained
at former ceilings. In terms of
the BLS consumers' price index,
the price rise in the month ending
July 15 averaged 5y2 percent, on
the basis of preliminary reports.
Actual prices for some agricultural commodities in July exceeded
the peaks reached in the inflationary period after World War I.
Recent Price Changes in Perspective
In view of the major price changes
which occurred during July, it is of considerable interest to relate these changes
to the price experience during the re-
cent war and to the experience during
and after World War I. (See chart 6.)
The BLS index of wholesale prices at
the start of the present war in September 1939 was substantially higher than
at the beginning of World War I. After
a period of roughly a year and a half of
relative stability which characterized the
price situation in the early phases of
both wars, prices began to move sharply
upward, with World War I prices shooting forward at a much more rapid pace.
Up to the time the United States entered into the war in April 1917, wholesale prices had advanced 60 percent
carrying the general level of prices to a
point almost 45 percent above the level
prevailing just prior to World War II.
The larger percentage rise in the 1914-17
period than during 1939-41 is shown in
the bar chart inserted in the left panel
of chart 6.
Table 1.—Wholesale Prices of Major Commodity Groups: Selected Dates of War and Postwar Periods
Index, 1926=100
Average for month of—
Commodity group
Combined index _
Economic classes:
Manufactured products
Raw materials
Semimanufactured articles
Farm products
Commodities other than farm products
Foods
Commodities other than farm products and foods
Building materials __
Chemical and allied products
__.,
Fuel and lighting materials _
Hides and leather products
Housefurnishing goods
Metals and metal products _
Textile products
Miscellaneous
Source: U. S. Department of Labor.
Percent increase from—
March
1943
Week ended—
June 29,
1946
July 27,
1946
August
1939 to
Mav
1943
August
1939 to
June
1946
May
1943 to
June
1946
July
1945 to
June
1946
112.9
112.7
124.1
38.8
50.5
8.5
6.6
10.1
101.8
117.5
95.3
107.3
126.3
105.7
107.8
126. 7
104.4
119.3
140.2
109.0
27.3
71.4
24.8
35.7
89 9
41.9
6.6
10.8
13.7
5.4
7.5
10.9
10.7
10 7
4.4
129.0
100.7
106.9
99.7
117.5
95.3
84.3
118.0
104.5
104.7
99.6
94.8
140.1
106.7
112.9
105. 6
129.9
96.4
87.8
122.4
110.4
112.2
109.2
98.5
140.3
106.6
113.4
105.4
130.3
96.9
87.5
123. 8
110.7
111.6
108.5
97.9
157.3
116.8
140.7
108.6
132.6
100.3
90.2
144.0
112.5
113.3
109.5
101.7
106.1
27.3
64.4
20.7
23.3
127.8
11.3
27.1
20.0
11.4
43.7
25.4
129.7
37.0
68.0
31.8
45.0
29.9
20.9
32.0
29.0
20.4
61 1
34.4
11.5
7.6
2.2
9.2
17.6
1.7
8.7
3.9
7.5
8.1
12.1
8.6
6.0
5.6
5.9
10.6
1.2
4.2
3.7
5.6
7.2
9.6
12.1
9.6
24.1
3.1
1.8
7.2
3.9
3.9
August
1939
December 1941
75.0
93.6
104.1
105.9
79.1
66.5
74.5
94.6
92.3
90.1
100.7
114.0
93.0
61.0
77.9
67.2
801
89.6
74.2
72.6
92.7
85.6
93.2
67.8
73.3
94.7
93.3
90.5
93.7
107.8
90.4
78.4
114.8
101.1
103.3
91.8
87.6
125. 7
99.2
110.5
96.7
110.5
94.8
80.8
117.8
102.7
103. 8
97.4
91.9
July
1945
June
1946
June 29,
to July
27, 1946
3.5
3.1
16.3
1.6
1.5
.9
SURVEY OF CURRENT BUSINESS
August 1946
Chart 6.—Wholesale Prices in Two War and Postwar Periods
-1916
*M9I7
1917
•+•
1918
I9!8*H
180
1919
I I I I I I | I I I
BEFORE
U. S. ENTRY
POSTWAR
AFTER
U. S. ENTRY
160
100
80
fiOl
-1941
1
1 1 I I II 1 I 1 I I I 1I I I I I I I I I I I 1I 1 I ! I I I I I I I
°2—
1942
4*
1943 »l«
| III I
(601 I 1 l I
i I I l l l l
1944—-4*-1945
Figure for July 1946 is a preliminary estimate for the month, based upon weekly data through July 27, 1946.
Source of data: U. S. Department of Labor, except estimate for July 1946.
During our participation in World War
I prices continued an irregular but
strongly upward movement and by the
end of the war, 18 months later, wholesale prices had advanced another 27 percent, to a level double that of July 1914.
It should be noted that the system of
price control put in operation during the
first World War was of the selective type
and quite unlike the General Maximum
Price Regulation promulgated in 1942.
The War Industries Board and other
agencies succeeded in holding close to
600 prices in check, mainly those basic
prices which had risen most rapidly in
the prewar period. Large segments of
the price structure remained free to rise,
and they did so, to the extent of rising
about one-fourth during the year and a
half of price control.
The contrast with the behavior of
wholesale prices during World War II is
striking. As may be seen in the middle
panel, and in table 1, wholesale prices
remained relatively stable over the
greater part of the three and threequarter years of our participation. Although prices continued upward at a
moderate rate from Pearl Harbor to May
1943, shortly after the President's "holdDigitized for702057—46
FRASER 2
the-line" order was put into effect, in
the succeeding 28 months of warfare the
total increase in the index of wholesale
prices amounted to about 2 percent.
This record of wholesale price stability
was achieved despite the fact that at the
height of the war effort roughly onehalf of the gross national product went
for war purposes, in contrast to the situation in World War I when war production was a considerably smaller part of
the total.
Inflationary Pressures Stored Up
The very success of the wartime price
regulations, as supplemented by rationing
and priority controls, was a major factor
in building up the inflationary potential
for the current transition period while
industry is reconverting to peacetime
production. The accumulated wartime
shortages of such items as durable consumer goods, the low level of inventories
relative to sales, the substantial replacement needs in many lines of capital
equipment, and the requirements for relief and rehabilitation abroad—all add
up to the highest demand for goods and
services by business and consumers on
record. Moreover, the business and consuming public has the purchasing power
required to make these purchases.
Inflationary factors were also present
after the first World War. After a short
recession in the early winter of 1918-19,
the pressure of demand for goods sent
the economy into a severe inflationary
cycle which reached its peak in May 1920
after wholesale prices dropped 44 percent in the succeeding 13 months.
The movement of prices in the two
postwar periods is traced in the righthand panel of the chart. During the 10month period from VJ-day to June 1946,
the advance in wholesale prices amounted
to 7 percent. Ten months after World
War I, prices at wholesale were but 4
percent higher than at the war's end.
However, prices had turned downward
in the first 3 months after the First World
War, so that the monthly rate of increase after the upswing got under way
was higher than 4 percent and was
sharper than the rise from VJ-day to
June of this year.
Basic Commodity Prices Rise Rapidly
The price increases which occurred
after the lapse of OPA controls on June
30 completely overshadowed the changes
in the preceding period. Actual spot
prices of 28 basic commodities traded on
organized exchanges are shown in table
2 together with their percent changes
SURVEY OF CURRENT BUSINESS
10
between June 28 and July 31, 1946.
Prices of all but 10 of these products
rose substantially after the lapse of OPA
controls at the end of June, with the
average for all increasing 25 percent over
the month. The recent behavior of the
index of basic commodity prices has already been described. (See chart 1 on
page 2.)
On July 31, prices of corn, hogs, and
steers were higher than the peaks
reached in the post-World-War-I inflation. Butter also had sold at prices exceeding the 1920 high, but at the end of
the month the price had receded to a
point approximately equalling the postWorld-War-I high.
It will be noted from the table that
prices on July 31 of 10 commodities in
this group were the same as on June 28.
Quotations on 3 of these—rosin, lead,
and zinc—reverted to June levels with
the recent reimposition of price controls
on these goods, after being higher during the ceiling-free interim,
The prices of tin, rubber, burlap, and
sugar remained at June ceilings throughout the last month, as these prices continued, in effect, to be set by governmental action. Trading activity for the
remaining commodities—steel scrap and
copper—was at a virtual standstill in
July due to the many uncertainties in
the market situation.
About a third of the 28 commodities
listed in the table remained uncontrolled
Chart 7.—Weekly Wholesale Prices
INDEX, 1926= 100
140
120
ALL
COMMODITIES
I i p l m l n i ' l t n l m l n n l i " l i n l n n l n
iliill
180
i6O
120
10
^COMMODITIES OTHER THAN
FARM PRODUCTS AND FOODS
• 1945 -
- 1946
Source of data: U. S. Department of Labor.
Table 2.—Spot Market Trices of 28 Basic
Commodities
Prices (dollars)
Commodity
Percent
June 28, July 31. increase
1946
1946
.
Agricultural commodities:
Wheat
bushel-_
Corn
do
Barley
do
Hogs
100 lbs._
Steers_-_
do
Butter
pound-_
Lard
do
Cotton
do
Cottonseed oil l
do
Tallow
do
Rosin
100 lbs_Domestic nqnagricultural
commodities:
Steel scrap:
Chicago
ton. _
Philadelphia
do
Copper
pound-.
Lead
do
Zinc
do
Print cloth
yard-.
Import commodities:
Sugar
pound-_
CofTee
do
Cocoa beans
do
Tin
do
Rubber
do
Shellac
do
Hides
do
Wool tops i
do
Flaxseed
bushel-.
Silk 2
pound..
Burlap
do_
1.878
1.448
1.440
14. 850
17.000
.560
.140
.310
.143
.086
6.760
1.988
2.115
1.615
23.125
20. 250
.685
.325
.337
.178
.129
6. 760
6.4
46. 1
12.2
55. 7
19.1
22.3
32.1
8.7
24.5
50.0
0
18. 750
18.750
.142
.082
.087
.114
18. 750
18. 750
.142
.082
.087
.135
0
0
0
0
0
18.4
.042
.158
.090
.520
.225
.365
.155
1.330
3.350
3.080
.118
.042
.220
.160
.520
.225
.650
.260
1.440
3.800
7.460
.118
0
39.2
77.8
0
0
78.1
67.7
8.3
13.4
142.2
0
12 Nominal price quoted in market.
Limited trading. July quotation represents average
price paid for a particular grade of silk involved in a large
sale from Government stocks.
Source: U. S. Department of Labor.
at the end of July but will be returned to
control after August 20, unless action to
the contrary is taken by the Decontrol
Board.
10 Percent Rise at Wholesale in July
In terms of the broad index of wholesale prices, the rise during the 4 weeks
of July was 10 percent. (See table 3.)
Relative to the level prevailing on VJday, prices were about 18 percent higher.
This rate of increase not only far surpassed the change in the first 11 months
after the Armistice in World War I, but
was also greater than the rate of increase
from the lower level of wholesale prices
prevailing in February 1919.
Food Prices Rise One-fourth
Increases in the prices of food and
farm products have been greatest among
the recent price changes. (See chart 7.)
The increase in the food component of
the wholesale price index for the 4 weeks
of July was 24 percent. Meat prices were
up 66 percent, cereal products 21 percent, and dairy products 14 percent. Of
the foods, only fruits and vegetables registered a decline—a seasonal movement
due to the large supplies flowing to the
August 1946
markets at this time of the year. Detailed price changes are shown in table 3.
The termination of subsidy payments
on major food items contributed to the
price rise in July. It is estimated that
subsidy payments represented no more
than 10 percent of the former retail food
price ceilings, though they were a larger
percentage of wholesale prices. It appears that the increase in wholesale
prices has exceeded the amount of the
subsidy in all cases, with the possible exception of butter.
Farm Products Prices Up 12 Percent
Wholesale prices of farm products in
the latter part of July were 12 percent
higher than in the last week of June.
Increases in grain prices were particularly prominent in this group, with advances averaging 16 percent in the 4
weeks of July. The price of corn rose
higher than the peak reached after World
War I. At $2,115 a bushel at the end of
the month, corn was selling for more
than wheat. The easing of some grain
prices toward the end of July, plus the
fact that prices on futures, particularly
corn futures, were far below current spot
quotations, undoubtedly reflected the
bumper harvest forecast in the latest
crop reports.
Industrial Prices Held to 3 Percent Rise
Industrial prices (shown as "commodities other than farm products and foods"
in chart 7) underwent far less spectacular changes than did farm products and
foods, rising only 3 percent during the
free market period. In view of the fact
that some price ceiling adjustments already set in motion prior to June 30 are
reflected in the July advance, it is evi(Continued on p. 23)
Table 3.—Changes in Wholesale Prices,
by Selected Commodity Groups, Week
Ended June 29 to Week Ended July 27,
1946
I
Commodity
group
Perj cen tI age
| increase i
Meats
Hides rand skins___
Cereal products-_ _
Livestock and poultry
Grains
Dairy products. .
Oils and fats
Shoes
Paint and paint
materials
Fertilizer materialsLeather
Furniture
Metals nonferrous.
Drugs
Iron and steel
Cotton goods
Paper and pulp._.
65.7
63.4
21.1
18.6
16.1
14.1
14.1
7.9
7.8
7.1
6.9
3.1
3.1
2.5
2.2
2.1
1.9
Commodity
L L i group
Percentcrease *
Cement
Brick and tile
Chemicals
Clothing
Hosiery and underwear
House furnishings
Petroleum products
Rayon
Woolen and worsted goods
Automobile tires
and tubes
Lumber
Plumbing and heating equipment . .
Fruits and vegetables
1.4
1.6
1.0
.6
.3
0
0
0
-.1
-.2
-3.9
i A minus sign denotes a decrease.
Source: U . S . Department of Labor.
SURVEY OF CURRENT BUSINESS
August 1946
11
State Income Payments in 1945
By Charles F. Schwartz and Robert E. Graham, Jr.
EVERY REGION of the Nation the
IwasNflow
of income to individuals in 1945
about as high as in the peak war
year 1944, despite the sharp contraction
of war production following the surrender of Japan.
For six of seven regions total income
payments to individuals in 1945 either
equalled or slightly exceeded previous
record attainments of 1944.1 And in the
Far West—where tremendous growth of
shipbuilding and aircraft production on
the Pacific Coast had been the principal factor in a spectacular war-period
expansion of individual incomes—the
income decline from 1944 to 1945 was
fractional.
In broad outline, the geographic distribution of income in 1945 was closely
similar to that of 1944. With income
payments advancing 2 percent nationally to the all-time high of 152.7 billion
dollars in 1945, changes on a regional
basis ranged from a 4 percent rise in the
agricultural Northwest to a 1 percent
decline in the Far West. (See table 1.)
Despite the complex of dynamic elements
in the Nation's income flow during 1945,
42 States registered 1944-45 changes in
total income falling within the relatively
narrow range of a 7 percent rise to a
3 percent decline.
Wartime Developments
Estimates for the Continental United
States of total income and of selected
components of the total for 1944 and
each quarter of 1945, together with comparable estimates spanning the earlier
war period 1940-43, are shown in table
2. These estimates trace the magnitude
and sources of the unprecedented 194044 growth of individual incomes and the
further small rise in 1945 representing,
in the main, a balance between sharply
divergent movements occurring after
VJ-day. Brief analysis of developments
over this period on a Nation-wide basis
1
Technical notes defining State income
payments are provided at the end of the
article.
NOTE.—Mr. Schwartz and Mr. Graham are
members of the National Income Division,
Office of Business Economics.
Summary
With income payments advancing nationally to the all-time high
of 152.7 billion dollars, the flow
of income to individuals in all regions in 1945 closely approximated
that in the peak war year 1944.
Despite the sharp contraction
of war production after VJ-day,
the level of aggregate individual
incomes in the Continental United
States in the fourth quarter of
1945 was actually higher than in
1944. Special compilations of
State income payments for this
quarter reveal that on a geographic, as well as national, basis
the summary effects of readjustments to peace on aggregate incomes were of minor order.
Throughout the Nation the last
quarter of 1945 included considerable readjustment of the economy
to a peacetime footing. The State
income estimates for this period,
therefore, provide a general preview of the geographic distribution of income in the immediate
postwar period. As compared with
the prewar pattern, they indicate
a significant redistribution of income from New England and the
Middle Eastern States to the
South and West.
This article is another in the
series of reports on State income
payments which have been published annually in the SURVEY. It
provides tables showing, by States
and regions, estimated total and
per capita income payments for
the years 1929-45, income payments in the fourth quarter of
1945, and per capita civilian income payments in 1945. Additional data are also provided to
aid in analysis.
should be helpful to an understanding of
principal shifts on a geographic basis
and will be useful background for any
inquiry into the probable nature of the
geographic distribution of income in the
immediate postwar period.
The expansion of aggregate income
payments from 1940 to 1943 stemmed
primarily from rapidly mounting Government war expenditures. The influence of these expenditures in feeding the
war-period income stream is seen most
directly in the upsurge of wages and salaries paid out by "war" manufacturing
industries, agricultural income, Federal
civilian pay rolls, and pay of the armed
forces.
These four dynamic components expanded from 15 billion dollars in 1940 to
54 billions in 1943 and contributed threefifths of the 63-billion-dollar growth in
total income over the period. Their uneven expansion among the States resulted in a significant geographic redistribution of income.
In 1944, on the other hand, when there
was general stability of the economy as
war production levelled off at peak rates,
these four components accounted for
approximately one-tenth of the 10-billion rise in income payments to residents
of the Continental United States. Most
of the 1944 rise stemmed from military
allowances and allotments, payments by
trade and service establishments, and
Federal interest disbursements. These
expanded much more uniformly among
the States than did the dynamic components to which the 1940-43 growth in
total income can be traced.
A manifestation of the uniformity of
income change among the States from
1943 to 1944 was that the long-term
trend of redistribution in favor of the
South and Far West—accelerated by the
Nation's economic mobilization for war
during 1941-43—was retarded, though
not completely arrested.
Nation's Income Flow in 1945
For the Nation neither the levels nor
composition of income payments
changed markedly from 1944 through
the second quarter of 1945. Table 2 reveals, however, a lowering of war-industry pay rolls; a reduction of military pay
with the transference of an increasingly
larger proportion of the armed forces
12
SURVEY OF CURRENT BUSINESS
overseas;2 an appreciable increase in
military allowances and allotments going
to civilians; an advance in Federal interest disbursements; and a continued
moderate upward movement in other
types of income payments.
The Nation's response to VJ-day was
the immediate curtailment of war production and the initiation of a program
of rapid military demobilization. The
summary effects of these and other readjustments to peace on the aggregate
flow of individual incomes were, for the
country as a whole, of rather minor order. Equivalent to the annual rate
(seasonally adjusted) of 151.1, billion
dollars, income payments in the fourth
quarter of 1945 were actually on a
slightly higher level than in 1944, the last
full year of war. They were only 4
billions below the record peak of 155.2
billions reached in the first quarter of the
year, notwithstanding a 12.2-billion
lower volume of war-industry pay rolls.
Income payments in the fourth quarter of last year were maintained at a
near-record level by (1) greatly expanded volumes of mustering-out payments to discharged servicemen (included in "Military allowances and allotments") and unemployment benefits,
(2) a spurt in income paid out by trade
and service establishments as consumer
spending, despite shortages, attained
new high levels, and (3) a continued
advance of income payments by other
private nonagricultural industries. Further, although 5 million servicemen were
returned to civilian life during the last
3 months of the year, total military pay
in the Continental United States did not
drop appreciably because of a steady
flow of military personnel into this country from overseas.
Factory employment in the fourth
quarter of 1945 was surprisingly well
sustained in view of the almost complete
cessation of war production by early fall.
A correlative fact of significance is the
considerable extent to which employment
in war industries had tapered prior to
VJ-day. Total employment in manufacturing industries included in the "war"
classification was highest in August of
1943, and then declined steadily. By
July of 1945 war-industry employment
was more than 1,800,000, or approximately one-fifth, below the wartime
peak.
2
The continental United States totals of
income payments exclude pay of armed
forces stationed overseas with the exception
of the part flowing into this country as allotments of pay and contributions to familyallowance payments. In this respect they
differ from the Department's monthly estimates of income payments published regularly in the SURVEY. The latter include
all pay of armed forces serving overseas.
(See appended "Technical Notes.")
"Impact of Peace"
Special compilations of State income
payments for the fourth quarter of 1945,
at seasonally adjusted annual rates, are
provided in table 3. These estimates
reveal that, in general, the "impact of
peace" on aggregate income payments
was of minor order on a State and regional, as well as national basis. In all
areas except the Far West, the rate of
income payments in the fourth quarter
of 1945 closely approximated 1944 totals;
in the Far West the decline was only
5 percent.
The three States sustaining the largest
relative declines in income payments
August 194G
from 1944 to the last quarter of 1945
were among the five States that had experienced the largest increases from
1940 to 1944 in the percentage of all income accounted for by war-industry pay
rolls. (See table 6.) These are Washington, Oregon, and Michigan—all of
which sustained income declines of approximately one-tenth from 1944 levels.
In all other States where war production
was exceptionally important in swelling
the volume of individual incomes after
1940, the rate of income payments in the
last quarter of 1945 was likewise below
the 1944 total. Such States are Connecticut, Maine, Maryland, Indiana,
Ohio, Kansas, and California. But the
Table 1.—Percent Distribution of, and Relative Changes in, Total1Income Payments,
by States and Regions, Selected Years, 1929-45
Percent distribution
Percent change
State and region
1929 t o 1940 t o 1944 t o
1940
1944
1945
1929
1940
1941
1942
1943
1944
1945
100.00
100. 00
100.00
100. 00
100. 00
100. 00
100. 00
—8
+97
+2
8.22
1.77
.54
4.58
.37
.70
.26
8.07
1.87
.57
4.36
.35
.67
.25
7.98
1.99
.55
4.17
.33
.70
.24
7.73
2.02
.58
3.90
.30
.71
.22
7.30
1.89
.61
3.67
.27
.66
.20
7.10
1.80
. 57
3.62
.27
.63
.21
7.04
1.71
.54
3.67
.29
.62
.21
-10
-3
—4
-13
-11
-12
-13
+73
+90
+98
+64
+53
+86
+64
+1
Middle East
Delaware
District of Columbia
Maryland
New Jersey- _ _-. _
New York
Pennsvlvania
- West Virginia
33.70
.26
.77
1.34
3.96
17. 53
8.88
.96
32.06
.31
.1.19
1.61
4.14
15. 60
8.21
1.00
30.57
.30
1.13
1.64
3. 98
14.51
8.03
.98
28.69
.27
1.09
1.73
3.92
13.12
7.62
.94
27.60
.27
1.04
1.71
3.83
12.59
7.28
.88
27.84
.27
1.01
1.67
3.83
12.88
7.27
.91
28.18
.26
1.06
1.62
3.70
13.30
7.29
.95
-13
+71
+67
+61
+105
+83
+63
+75
+78
+3
Southeast
Alabama-,. _ _- .A rkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina . .. South Carolina
Tennessee
Virginia
10. 51
.97
.68
.84
1.16
1.17
1.04
.66
1.17
.53
1.10
1.19
11.92
1.00
.65
1.19
1.30
1.16
1.12
.58
1.49
.72
1.22
1.49
12. 55
1.12
.71
1.15
1.35
1.13
1.16
.68
1.56
.76
1.32
1.61
13.37
1.23
.77
1.27
1.41
1.15
1.21
.76
1.61
.83
1.31
1.82
13.80
1.25
.70
1.50
1.52
1.20
1.33
. 77
1.59
.81
1.40
1.73
14.07
1.27
.73
1.53
1.56
1.22
1.32
+133
+ 149
+123
+ 154
+ 137
+ 108
+ 132
+ 158
+ 120
+ 128
+ 138
+127
+3
+4
+7
l!66
.83
1.47
1.71
14.21
1.30
.77
1.56
1.55
1.25
1.26
.76
1. 69
.83
1.54
1.70
5.03
30
.19
1.31
3.23
5.15
.31
.25
1.09
3.50
5.13
.31
.24
1.04
3.54
5. 57
.37
.26
1.13
3.81
6.02
.42
.27
1.13
4.20
6.07
.38
.27
1.19
4.23
5.96
.38
.28
1.19
4.11
29.32
8.52
2.27
1.63
4.29
1.75
28. 56
7.57
2.45
1.63
4.51
1.88
2.52
5 86
2.14
29.05
7.47
2.64
1. 66
4.63
1.76
2.56
6 12
2.21
28. 52
6.97
2.66
1. 70
4.71
1.75
2.51
6 01
2.21
28.23
6.71
2. 68
1.69
4.90
1.69
2.43
5 97
2.16
27.90
6. S3
2. 64
1. 53
4.73
1.62
2.40
5 95
2.20
27.90
6. 93
2. 61
1.65
4.37
1. 75
2.49
5 84
2.26
-11
-18
—1
-9
4.44
.78
.31
1.00
.42
5.06
.84
.35
1.24
.40
.85
.38
.37
.44
.19
5.10
.82
.34
1.31
.37
.87
.38
.37
.47
.17
4.92
.75
.35
1.29
.37
.85
.37
.35
.41
.18
5. 03
.81
.34
1.27
.35
.88
.39
.39
.42
.18
-14
!32
.35
.20
4.45
.75
.30
1.05
.40
.71
.36
.33
.36
.19
9.80
7.39
.12
.84
1.45
10.27
7.64
.11
.89
1.63
11.06
7.98
.17
1.02
1.89
11.95
8.67
.14
1.10
2.04
12.10
8.80
.13
1.07
2.10
11.68
8.59
.13
1.01
1.95
Continental United States
New England
Connecticut
Maine
Massachusetts _
New Hampshire
Rhode Island
Vermont
.
..
Southwest
Arizona
New Mexico
Oklahoma
Texas
Central
Illinois
Indiana.
Iowa
Michigan
Minnesota
Missouri
Ohio
Wisconsin
^ .
..
5 95
2 24
Northwest
Colorado
Idaho
Kansas
Montana - _ -- - Nebraska
North Dakota
'.. ....
South Dakota
Utah
Wyoming
4.75
Far West
California
Nevada
Oregon
Washington
8.47
6.31
.09
.73
1.34
1
*28
1.20
.39
.92
.32
.35
.33
.19
Computed from data shown in table 7.
Less than five-tenths of 1 percent.
Source: U. S. Department of Commerce.
2
+10
+42
+10
-18
-15
-4
+4
-5
-12
+29
+3
g
-2
-18
+17
+24
+2
+ 14
-6
-3
+18
-23
i
I
-13
— 10
-12
+1
-24
-1
-26
— 10
-16
—3
-2
+7
+24
+5
-3
o
+3
9
0+
+5
-1
+7
9
-1
+5
+2
+7
4-5
+1
+5
+1
+4
+2
+7
+1
+ 132
+ 139
+ 113
+ 115
+ 139
+03
+ 78
+ 112
+85
+107
+70
+88
+100
+103
+119
+92
+125
+155
+71
+ 124
+136
+114
+135
+74
+144
+135
+ 115
+153
+ 185
+3
+7
+2
+2
+4
+1
+10
—6
+ 10
+6
(2)
+5
+4
+9
-2
2
+6
+5
+16
+3
+5
- 1
-1
-3
—5
August 194G
more striking fact is that the decline of
aggregate incomes in these States was no
larger than from 3 to 6 percent.
In three-fourths of the States last year,
the fourth-quarter rate of income payments to civilians was above that of any
previous full year. Because of relatively
large decreases from 1944 to the last
quarter of 1945 in the total pay of armed
forces stationed in the Southeast and
Southwest, every State of these two regions except Kentucky shows a more
favorable comparison of the fourth
quarter of 1945 with the year 1944 on a
civilian-income basis than on a totalincome basis. In nearly all other States,
changes in civilian incomes over this
period were very similar to changes in
total income.
SURVEY OF CURRENT BUSINESS
13
Map 1.—Percentage Increase in Nonmilitary Income Payments, 1940 to
Fourth Quarter 1945 x
PERCENT INCREASE
Maintenance of Peak Levels
Explanation of the virtual maintenance of peak levels of income payments
in all areas of the Nation after VJ-day
centers, with varying degrees of applicability, in the same factors that bolstered the income flow on a national
scale—expanded flows of mustering-out
payments, unemployment benefits, and
other Government "transfers," and the
pervasive, dynamic effects of high-level
rates of consumer spending.
It is to be noted carefully, however,
that these State income data, being
State-wide totals, conceal the severity of
readjustment problems in some local
areas; and, representing the summary or
average experience of all income groups,
they do not reveal the differing experiences of various classes of the population.
For example, although in most States
the aggregate income of all individuals
in the fourth quarter of last year was at
peak wartime levels, total pay rolls of
"war" manufacturing industries throughout the seven regions were from twofifths to two-thirds below 1944 totals.
(See table 6.) To hundreds of thousands
of war-plant employees and their families, the fourth quarter of last year
brought—if only for short duration—unemployment or reduced average incomes.
Postwar Considerations
The State income estimates for the
fourth quarter of 1945 are essential data
for analysis of the probable postwar distribution. They very probably would be
more useful for such analysis than estimates for the full year 1945 simply because (1) they cover a later period and
(2) they cover a period of peace, rather
than of war and peace.
But the fourth quarter estimates, additionally, have special significance for
postwar considerations from the fact
that the major dismantling of the war
H |
105 AND OVER
R%81 90 TO 104
V7A
1
75
TO 89
| UNDER
75
UNITED STATES
81
1
Nonmilitary income payments are total income payments minus pay of the armed forces,
mustering-out pay, family-allowance payments, and allotments of pay to individuals by military personnel. Btata for the fourth quarter of 1945 are seasonally adjusted, at annual rate.
Source of data: U. S. Department of Commerce.
production machine was swiftly accomplished in the first few weeks after the
surrender of Japan. The munitions program was almost completely liquidated
between mid-August and early October;
and, with the beginning revival of civilian production in the heavy-goods industries, factory employment levelled off
in the closing months of the year.
Compilations by the Social Security
Board of employment data reported by
S t a t e unemployment compensation
agencies show that in March of this year,
the latest month for which information
is available, total factory employment
in all parts of the Nation was very similar to the fourth-quarter 1945 average.
There was an even closer correspondence, for States and regions, between
March 1946 and October-December 1945
employment in all "covered" industries
combined. Total employment in industries covered by State unemployment
compensation laws was up 2 percent nationally, with regional changes ranging
from a 4 percent increase in New England to a small decline in the Northwest.
For the country as a whole, wages and
salaries in covered industries in the
fourth quarter of 1945 constituted approximately three-fourths of all civilian
wages and salaries and more than
two-fifths of all income payments to
individuals.
On both a national and geographic
basis, therefore, the last quarter of 1945
included considerable readjustment of
the economy to a peacetime footing.
Hence, even though output in many reconverted war industries was still only
a trickle and millions of war veterans
still remained to be absorbed into civilian pursuits, the State income estimates
for this period—after elimination of all
military payments (family allowances,
allotments-of-pay, and mustering-out
payments, as well as pay of the armed
forces)—probably can qualify as a general preview of the geographic distribution of income in the immediate postwar
years.
Military payments, which in the last
3 months of 1945 amounted to the huge
volume of 14.7 billion dollars (annual
rate), were undoubtedly the principal
element of "impermanence" or instability in the fourth quarter income
stream. It is to be emphasized, however,
that the usefulness of these State income estimates of the last quarter of
1945 for postwar projection, probably
would be severely restricted in the event
of very rapid and differential price
advances.
State distributions of total nonmilitary income for 1940 and the fourth
quarter of 1945 are shown in table 3.
The latter distribution, however, probably involves some slight understatement of the postwar income shares of
the South and Par West because of
the location there of a relatively large
number of permanent military establishments.
Differences among the States in the
percentage change in total nonmilitary
SURVEY OF CURRENT BUSINESS
14
income from 1940 to the last quarter of
1945 are shown on map 1. They form
fairly uniform regional patterns. In
every State of the New England and
Middle Eastern regions the expansion of
nonmilitary income from 1940 to the
last quarter of 1945 was of less-thanaverage proportions. In all States of
the four Southern and Western regions,
-with the exceptions of Wyoming and
Montana, the relative income growth
over this period exceeded the Nation's.
Regional Trends
It is important to note that this warperiod geographic redistribution of income which very probably will be carried into' the immediate postwar period
is, in its major aspects, in line with prewar developments. The sections immediately following examine briefly the
individual regional trends composing
the broad geographic shifts of income
over the heterogeneous period 1929-45
covered by Department of Commerce
estimates. Major factors underlying the
trends are sketched, and important
State exceptions to the regional trend
are noted.
New England
Over the period 1929-45, New England's share of the Nation's income payments declined in every year except the
depression years 1930-32. The relative
decline was slight from 1929 to 1940,
but was sharply accelerated in the war
years. Massachusetts, with approximately half of the region's total income,
dominated the regional movements in
both the prewar and war periods.
None of the New England States scored
1940-45 percentage gains in total income
matching the Nation-wide average. In
highly industrialized Connecticut, however, the rate of income expansion outpaced the Nation's in the three years
1940-42, and Government war spending
directly stimulated above-average income gains in Maine and Rhode Island
in the early war period. Connecticut,
it is to be noted, moved counter to the
regional trend by exhibiting an upward
movement in its share of total income
from 1929 through 1942.
Thus, comparative stability and a
declining trend relative to the Nation
have characterized New England's income payments over the entire period
1929-45. These characteristics are attributable basically to the relative stability
of factory pay rolls, stemming from the
relative importance of nondurable manufactures; the small role of agriculture;
and the comparatively large reliance on
property income, a type of income of
sharply declining importance. Addition-
al contributing factors during the war
period were the comparatively small
volume of military payments flowing into
the region and the relative stability of
income payments by trade, service, and
contract construction establishments.
Middle Eastern States
In both the prewar and war periods the
Middle East received a declining share of
the country's total income payments.
The prewar decline was not appreciable.
It centered in New York and Pennsylvania, which receive about three-fourths
of the region's income. Other States in
the region received higher proportions of
the Nation's income in 1940 than in 1929.
As in New England, the prewar relative decline was sharply accelerated
during the war period. Every State in
the region registered a less-than-average
advance in total nonmilitary income
from 1940 to the last quarter of 1945.
There are two major exceptions, however, to the generalization of steady
relative declines throughout the war
years for all Middle Eastern States.
Income payments in Maryland increased
at much larger-than-average rates from
1940 to 1943, chiefly through a four-fold
expansion of wages and salaries paid out
by war industries, consisting mainly of
aircraft and shipbuilding establishments.
Maryland's income share then declined,
as war-industry pay rolls turned downward in 1944 and dropped disproportionately in 1945.
The second exception of note is New
York's upturn in 1944 and 1945, when
income in this State, for the first time
August 1946
since 1938, increased hy more-thanaverage proportions. This break with
established trend resulted from the
State's better-than-average experience
in respect to numerous types of income,
the most important of which in 1945 was
the comparatively small drop in total
factory pay rolls.
Southeastern States
From 1940 through the fourth quarter
of 1945 income payments in every Southeastern State expanded at substantially
higher rates than in the country as a
whole. Growth of total income over this
period was larger in the Southeast than
in any other region.
Military payments were the most important element of this sharp differential
growth of total income payments, although, as can be noted from comparison
of the total and nonmilitary income distributions in table 3, they explain only
a part of it. In all States of this region
the expansion of total nonmilitary income payments from 1940 to the last
quarter of 1945 exceeded the national
average.
The Southeast's war-period improvement of its relative position is a continuation of prewar developments. Income payments in the Southeast in 1940
were 4 percent higher than in 1929, in
contrast to the 10 percent decline for the
rest of the country. This gain stemmed
principally from growth of manufactures
in the region. Factory pay rolls were
up 12 percent over the 1929 level in the
Southeast but off 7 percent, on the average, in the other six areas.
Table 2.—Income Payments to Individuals in Continental United States: 19401 and
1943-45 Annually and 1945 Quarterly, Seasonally Adjusted, at Annual Rates
[Billions of dollars]
1940
1943
First
quarter
"War" manufacturing pay rolls 2
Agricultural income 43
Pay of armed forces
8
Military allowances and allotments
_
Federal civilian pay rolls 6
Trade and service income 1
Federal interest
Unemployment benefits 8
All other income
Total income payments
Total income payments to civilians 9
Second
Third
Fourth
quarter quarter quarter
Year
1.7
18.2
1.1
.5
41.2
27.1
14.2
5.5
3.0
6.9
25.6
2.2
.1
54.7
28.2
14.4
5.0
6.2
7.3
28.3
3.0
.1
57.2
28.4
15.8
4.3
7.2
7.3
29.9
3.7
.1
58.5
26.8
15.6
4.1
7. 7
7.3
29.5
4.0
.1
59.6
20.3
14.4
4.3
8.4
7.2
30.6
4.3
.4
59.7
16.1
14.7
4.0
10.7
6.3
32.4
4.5
1.6
60.8
22.9
15.1
4.2
8.5
7.0
30.6
4.1
.6
59.8
75.8
75.5
139.3
133.8
149.7
144.6
155.1
150.8
154.7
150.5
149.6
145.3
151.1
147.1
152.7
148.5
7.3
5.4
.4
1 Detail will not necessarily add to totals because of rounding.
2
"War" manufacturing industries include chemicals and allied products, rubber products, iron and steel and their
products, ordnance and accessories, transportation equipment (except automobiles), nonferrous metals and their products, electrical machinery, machinery (except electrical), and automobiles and automobile equipment. Data are net
of 3employee contributions under old age and survivors insurance and State unemployment compensation programs.
Includes net income of farm operators (adjusted for change in inventories of crops and livestock), farm wages, and net
rents
to landlords living on farms.
4
Net of allotments of pay to individuals and contributions to family-allowance payments.
8 Include family-allowance payments, allotments of pay to individuals, and mustering-out payments.
6 Include pay of employees in the Federal Executive Service in the continental United States.
i Includes wages and salaries (net of employee contributions to social insurance programs) and proprietors' income.
8 Include State unemployment compensation benefits, railroad unemployment insurance benefits, and veterans'
readjustment and self-employment allowances.
• Total income payments minus pay of armed forces.
Source: U. S. Department of Commerce.
August 1946
Over the war period the Southeast's
expansion of factory pay rolls continued
to exceed the national average, despite
the substantially lesser importance of
war industry in this region than elsewhere. In the fourth quarter of last year
total factory pay rolls were 115 percent
higher than in 1940 in the Southeast,
and 101 percent above the 1940 total in
the country as a whole.
Southwestern States
All States of this region except Oklahoma received larger shares of total income payments in 1940 t h a n in 1929, and
all of them markedly improved their
relative positions over the war period.
This improvement, however, did not
begin until 1942. Government war
spending generated a sharp upturn of
income payments in all four Southwestern States in that year, following their
uniformly less-than-average gains from
1939 to 1941.
As in the Southeast, military payments
were an unusually important source of
war-period income expansion for the
Southwest. In the fourth quarter of
1945 they accounted for 15 percent of
all income payments in t h e region.
Drastic reduction of military payments
from their record fourth-quarter volume,
however, will not in itself eliminate the
region's relative income gains achieved
over the war period. Map 1 portrays the
considerably larger-than-average expansions of total nonmilitary income in the
Southwestern States from 1940 to the
last quarter of 1945.
Comparison of changes in factory pay
rolls from 1929 to 1940 indicates some
progress by the Southwest toward industrialization in the prewar period. But
over the war period there was a sweeping, spectacular expansion of war production in the area that left total factory pay rolls in the last quarter of 1945
iy2 times above the 1940 total. In relative terms this was the greatest warperiod growth of manufacturing pay
rolls in the Nation.
Central States
Changes in income payments in the
Central States have tended to approximate changes on a Nation-wide basis.
Prom 1929 to 1940 income payments declined 8 percent in the United States and
11 percent in the Central States; from
1940 through 1945 income payments expanded 101 percent nationally and 97
percent in the region.
The tendency for the region to receive
a relatively constant, if slightly declining, share of the Nation's total income
payments is an interesting composite of
differing State trends. These include,
SURVEY OF CURRENT BUSINESS
15
Table 3.—Income Payments in the Fourth Quarter of 1945, Seasonally Adjusted, at
Annaul Rates, by States and Regions
Total income payments to civilians l
Total income
payments
Total nonmilitary
income payments 2
Percent distribution
of total nonmilitary
income payments
State and region
Percent Amount Percent Amount Percent
Amount
change
change
change
(millions) from 1944 (millions) from 1944 (millions) from 1944
Continental United States..
151,081
New England
Connecticut
Maine
Massachusetts
New Hampshire..
Rhode Island
Vermont
10,677
2,533
807
5, 629
465
918
325
Middle East
Delaware
District of Columbia_
Maryland
New Jersey
New York
Pennsyl vania
West Virginia
43, 069
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina..
South Carolina..
Tennessee
Virginia.
Southwest
Arizona
New Mexico..
Oklahoma
Texas
Central
Illinois
Indiana
Iowa
Michigan...
Minnesota.,
Missouri..
Ohio
Wisconsin..
Northwest
Colorado
Idaho
Kansas
Montana
Nebraska
North Dakota
South Dakota
Utah
Wyoming
Far West
California
Nevada
Oregon
Washington.
+1
+1
147,178
+2
+1
10,484
2,519
800
5,503
455
882
325
+4
+14
-3
+6
42,382
+4
386
1,642
2,409
5,486
20, 544
11,110
1,492
+3
~4
+9
-4
-4
+7
+2
+10
379
o
1,487
2,278
5,347
20,389
11,016
1,486
+7
21, 568
1,943
1,173
2,303
2,322
1,963
1,878
1,180
2,662
1,256
2,304
2,584
+3
+2
+7
+1
-1
+8
-5
+3
+7
+1
+5
+1
20,439
1,877
1,127
2,068
2,216
1,892
1,806
1,122
2,512
1,187
2,268
2,364
-1
8,997
570
431
1,783
6,213
41,891
10, 532
3,823
2,541
6, 395
2,680
3,837
8,672
3,411
7,634
1,264
516
1,836
558
1,322
606
601
646
285
17,245
12, 776
196
1, 469
2,804
-6
-5
+4
13
-3
+6
+1
+?
()
+3
-3
+11
-10
+11
+7
Q
+3
+4
+12
-1
-5
+2
+4
+8
+16
+4
+9
-5
-3
-1
-5
-5
-4
-5
+7
+2
+10
+6
+4
+9
+8
+4
+8
3
136,362
9,802
2,375
736
5,155
416
820
300
39, 665
358
1,420
2,126
4,998
19,241
10, 202
1,320
+9
+5
+6
+3
18,010
1,621
958
1,890
1,950
1, 667
1,590
932
2,231
1,025
2,003
2,143
8,558
544
407
1,721
5,886
+2
+6
+14
+3
+1
7,640
491
360
1,522
5,267
41,466
10,356
3,764
2,526
6,370
2,671
3,770
8,624
3,385
+1
+3
7,428
1,212
499
1,784
555
1,290
606
588
617
277
16,421
12,115
184
1,449
2,673
()
+9
-2
+4
+5
+14
+5
o
+2
+6
+8
+17
+3
+13
6,884
1,123
458
1,648
514
1,204
562
549
570
256
-4
-5
-3
+5
+1
+]0
-6
+2
+1
-5
+6
—7
o
+5
-1
+5
+1
-2
+3
+5
-1
+3
-5
+2
+5
(3)
+1
i
-2
+1
+10
-2
-4
-2
9,749
3,509
2,356
5,977
2,490
3,479
8,052
3,196
+11
-10
+11
+7
-2
15, 553
11,490
173
1, 353
2,537
+1
-7
+9
+8
+4
-12
-5
+1
+2
+11
+1
-6
-2
+3
+4
+14
(3)
+9
-7
-6
+2
-11
-13
1940
Fourth
quarter
1945
100. 00
100.00
8.09
1.87
.57
4.38
.35
.67
.25
7.19
1.74
.54
3.78
.31
.60
.22
32.11
.32
1.17
1.60
4.15
15.62
8.24
1.01
29.09
.26
1.04
1.56
3.67
14.11
7.48
.97
11.84
1.01
.65
1.18
1.28
1.15
1.12
.59
1.49
.70
1.23
1.44
13.21
1.19
.70
1.39
1.43
1.22
1.17
.68
1.64
.75
1.47
1.57
5.13
.31
.25
1.09
3.48
5.60
.36
.26
1.12
3.86
28.66
7.59
2.46
1.63
4.53
1.88
2.53
5.89
2.15
28.45
7.15
2.57
1.73
4.38
1.83
2.55
5.90
2.34
4.43
.78
.31
1.00
.42
.75
.31
.32
.35
.19
5.05
9.74
7.35
.12
.84
1.43
11.41
8.43
.13
1.21
.41
.40
.42
.19
1
2
Total income payments minus pay of armed forces.
Total income payments minus pay of armed forces, mustering-out payments, family-allowance payments, and allotments
of pay to individuals by military personnel.
3
Less than five-tenths of 1 percent.
Source: U. S. Department of Commerce.
for the period 1929-43, a pronounced
downward trend in Illinois and steadily
rising income shares for Michigan and
Indiana. The volume of individual incomes in 1943 was one-third above the
1929 level in Illinois but two-thirds higher on a national basis.
Reversals of past relationships for
these three States occurred in 1944 and
1945. These reversals centered in war
manufacturing pay rolls, which in 1944
spurted in Illinois but were stable in
Michigan and Indiana, and in 1945
showed a less-than-average decline in
Illinois but sizable drops in Michigan and
Indiana.
Including both highly industrialized
and primarily agricultural States, the
Central region derived its war-period income expansion mainly from war industry and agriculture. Military payments
were relatively less important in the Central States than in any other area in
contributing to the advance in income
payments. In this connection, it may be
noted that, whereas the region's share
of total income payments in the Nation
declined slightly over the war years, its
SURVEY OF CURRENT BUSINESS
16
share of total nonmilitary income was
virtually the same in the fourth quarter
of 1945 as in 1940.
Northwest Region
The larger-than-average wartime advance in total income by the Northwest
contrasts with the relatively unfavorable
experience of this area in the preceding
decade. This region, therefore, furnishes
exception to the generalization that 194045 movements in income were in accord
with 1929-40 trends, and that the stimulus of wartime activity did not change the
geographic distribution of income in a
way contrary to prewar developments.
The varying fortunes of Northwestern
agriculture are clearly reflected in
changes in total income payments, which
in this region have been more irregular
than in any other. Income payments in
the Northwest in 1939 were 21 percent
less than in 1929. This marked reduction—relatively larger than in any other
region—centered in Kansas, Nebraska,
North Dakota, and South Dakota. In
these States net farm income, which
plunged disproportionately from 1929 to
1933, had made only partial recovery
from depression and drought and in 1939
was, on the average, less than half of
1929 levels.
From 1939 to 1941, however, farm income in the Northwest doubled, as compared with a 51 percent rise in the country as a whole. Offsetting the region's
lag in nonagricultural income behind the
Nation-wide upturn, the farm income
August 1946
advance was responsible for its slightly
more-than-average advance in total income payments.
In the 1941-43 period the volume of
agricultural income in the Northwest
again doubled and was the main impetus
to the region's record expansion of nearly
three-fourths in total income payments.
In 1944 farmers' net income in the
Northwest actually declined. Although
continued expansion of nonagricultural
income offset this drop, the region's
1943-44 rise in total income payments
was the smallest in the country.
The Northwest's increase in total income from 1944 to 1945, though only 4
percent, was somewhat larger than in
any other area. It was directly the product of an 8 percent advance in net in-
Table 4.—Per Capita Income Payments by States and Regions, 1929—45 *
[Dollars]
State and region
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
Continental United States.
680
596
500
380
368
420
460
531
561
509
539
575
693
862
1,040
1,133
1,150
New England._
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
838
918
566
897
652
851
601
768
830
540
825
599
767
542
684
725
473
738
551
695
476
542
558
367
594
422
562
369
514
540
364
553
420
533
351
561
605
394
597
478
573
397
602
659
428
634
502
626
439
678
758
480
713
544
691
501
704
808
490
737
562
714
493
640
710
450
677
531
639
454
680
764
474
719
548
678
483
725
827
509
766
546
715
521
866
1,059
602
883
629
900
613
1,044
1,305
806
1,034
720
1,097
734
1,210
1,479
1,036
1,200
808
1,218
868
1,285
1,513
1,079
1,291
893
1,288
982
1,288
1,449
1,051
1,321
971
1,268
1,023
926
919
1,191
703
947
1,125
767
464
841
762
1,179
651
869
1,023
688
393
717
687
1,088
577
751
871
576
336
552
522
926
460
586
671
429
261
526
513
806
441
535
644
414
265
586
586
876
493
589
705
474
326
623
634
955
524
630
743
510
342
711
750
1,124
597
712
837
594
402
740
795
1,107
635
750
861
629
417
674
682
1,044
594
699
791
553
369
709
771
1,031
634
746
825
589
378
752
896
1,080
713
80*3
863
628
398
873
1,023
1,101
851
912
994
751
477
1,031
1,133
1,141
1,064
1,093
1,155
903
587
1,212
1,323
1,274
1,214
1,291
1,353
1,071
699
1,336
1,408
1,303
1,241
1,416
1,519
1,176
791
1,370
1,381
1,361
1,212
1,373
1,595
1,199
839
344
305
305
484
329
371
415
273
309
252
349
422
279
232
211
431
274
303
344
191
255
209
283
367
235
191
177
363
227
256
299
143
214
178
234
326
191
155
153
287
189
198
230
125
176
147
185
276
195
154
152
272
200
199
222
123
205
167
190
266
239
197
180
325
245
234
269
162
253
209
241
316
260
213
204
360
264
260
286
177
270
222
260
347
301
253
246
423
298
307
330
218
294
254
302
393
310
256
249
445
301
325
346
207
312
262
311
405
287
233
236
418
280
283
341
185
289
241
280
380
303
242
246
442
290
297
354
201
308
261
295
402
322
268
252
471
315
308
357
202
316
286
317
450
404
359
332
531
389
369
433
283
397
354
413
565
529
482
448
684
507
474
549
396
521
473
513
738
656
602
519
879
654
613
722
483
610
575
659
833
737
677
617
950
730
701
788
541
702
652
768
888
761
700
654
996
745
735
785
556
732
663
813
903
464
573
383
455
465
376
475
322
352
383
303
382
265
275
312
237
271
192
212
248
247
263
196
226
257
279
322
240
246
292
309
355
281
319
357
425
330
319
369
397
482
353
358
409
371
436
322
327
387
386
461
341
340
401
399
473
356
356
413
477
562
415
417
497
642
787
558
590
655
810
865
694
728
840
901
890
759
860
925
906
918
812
889
917
720
932
583
546
745
566
.612
748
634
612
772
491
504
608
515
546
638
539
503
626
405
388
503
433
461
532
435
369
456
296
248
382
320
349
388
325
355
431
296
258
348
307
337
386
312
411
488
351
242
455
346
373
453
357
469
543
392
357
524
403
413
507
413
546
630
468
391
606
473
473
598
484
589
691
508
434
659
500
488
646
510
521
616
449
423
535
474
455
554
466
565
671
495
468
591
497
486
603
485
605
726
541
485
649
509
505
643
516
745
865
705
609
790
589
621
815
649
914
1,002
879
806
982
759
763
998
815
1,122
1,214
1,098
1,013
1,259
915
905
1,207
999
1,204
1,324
1,157
1,011
1,308
968
1,006
1,301
1,113
1,217
1,360
1,152
1,109
1,212
1,061
1,063
1,289
1,161
534
616
518
532
602
557
389
417
537
687
487
558
455
498
490
544
329
382
470
619
384
455
336
402
393
421
236
289
379
515
262
342
241
267
290
251
181
171
276
371
265
336
242
258
290
275
190
172
275
369
304
376
304
298
387
279
205
232
313
435
354
412
338
337
455
353
269
273
362
477
409
493
406
395
514
399
300
294
419
548
438
532
444
430
541
412
333
306
459
560
402
475
406
382
488
384
302
318
434
537
418
505
411
383
515
397
325
351
443
567
454
524
440
422
574
433
368
376
480
605
564
620
543
549
682
510
534
484
592
696
822
877
854
814
891
784
738
734
887
857
992
975
961
1,027
1,049
988
968
883
1,042
957
1,048
1,000
1,008
1,101
1,179
1,049
1,061
932
1,019
1,027
1,101
1,100
1,054
1,113
1,172
1,117
1,123
1,083
1,023
1,096
865
946
817
640
713
775
854
761
547
626
642
710
660
455
503
481
533
479
342
374
465
511
447
337
369
524
568
535
399
432
571
617
614
447
470
684
734
699
539
579
714
769
733
552
597
662
714
645
507
558
692
741
767
544
588
750
805
836
579
632
925
974
912
752
833
1,181
1,198
1,441
1,075
1,152
1,402
1,426
1,418
1,244
1,398
1,491
1, 513
1,244
1,318
1,519
1,443
1,480
1,243
1,266
1,407
Middle East
..
Delaware
District of Columbia .
Maryland
New Jersey
New York .
Pennsylvania
West Virginia
Southeast
Alabama
Arkansas . _. _ _.
Florida
Georgia _
._
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
._.
_.
Southwest _
_ _ ._
Arizona
New Mexico . _ . . .__ . _
Oklahoma _ . . .
Texas
Central
Illinois
Indiana
Iowa
_
Michigan
Minnesota
Missouri
Ohio
Wisconsin
__. __
_
...
_
Northwest
Colorado
Idaho
Kansas
Montana
Nebraska
North Dakota
South Dakota
Utah
Wyoming
Far West
California
Nevada
Oregon __
Washington
.
1
Per capita income payments are derived by division of total income payments by total population excluding Federal civilian and military personnel stationed outside the continental United States. In five States, however, income was transferred from the State of recipients' employment to State of residence before computation of per capita income.
These States are New York, New Jersey, District of Columbia, Maryland, and Virginia.
Source: U. S. Department of Commerce.
SURVEY OF CUE-KENT BUSINESS
August 1946
come of farm operators, which was the
second largest in the Nation.
Far West
Income payments in the Far West expanded 144 percent from 1940 to 1944, as
compared with a 97 percent increase for
the Nation. This record performance
resulted from a tremendous spurt in factory pay rolls, largely in aircraft production and shipbuilding, as well as substantially more-than-average expansions of
agricultural income, Government pay
rolls, and net income of proprietors in
nonagricultural pursuits.
As already noted, total income payments in the Far West in 1945 fell slightly
below the 1944 peak. And the fourthquarter rate of total income was 5 percent below 1944. The latter decline
represents, in the main, the balance between a drop of 2.2 billion dollars in warindustry pay rolls and a rise of 1.3 billions in mustering-out payments, unemployment benefits, and income payments
in trade, service, and other nonagricultural industries. Although total factory
pay rolls in the Far West were reduced
by one-half from 1944 to the last quarter
of 1945, they remained nearly two and
one-half times as high as they were in
1940.
The Far West's rapid income rise over
the war period was a continuation and
acceleration of the region's impressive
relative gains over the period 1929-40.
(See table 1.) Strides in industrialization contributed importantly to these
gains. Total factory pay rolls in 1940
were 7 percent above 1929 in the Far
West, but 6 percent below 1929 for the
country as a whole.
Per Capita Income
The broad shifts of total income payments from New England and the Middle
East to the South and Far West over the
period 1929-45 are in some degree the
result of population shifts. The total
population of the Southeast and of the
Table 5.—Differentials and Relative Changes in Per Capita Income Payments, by States and Regions
Per capita income payments to all individuals
State and region
Percent of national per capita income
1929
1940 to 1945 1944 to 1945
1940
100
New England
Connecticut
Maine
Massachusetts
New Hampshire..
Rhode Island
Vermont
126
144
89
133
95
124
91
113
134
95
114
79
114
112
126
91
115
84
110
89
+78
+75
+107
+72
+78
+77
+96
Middle East
J Delaware
_'.
District of Columbia.
M ary land
New Jersey
New York.
Pennsylvania
West Virginia.
131
156
188
124
140
150
109
69
118
124
115
119
120
118
105
119
139
104
+82
+54
+26
+70
+71
+85
+91
+111
I
j
!
I
___ . . . .
'Northwest
Colorado
Idaho
Kansas
Montana
Nebraska
North Dakota.South D a k o t a . .
Utah
Wyoming
Far West—
California.
Oregon
Washington.
1
2
3
100
no
J25
134
104
70
65
60
54
84
64
62
70
48
62
58
100
+100
+2
_4
+2
+9
-2
+3o
+4
o
Q
+5
+2
+6
+3
+3
+6
+5
+2
65
64
68
48
64
58
71
79
+136
+161
+160
+111
+137
+ 139
+ 120
+ 175
+ 132
+132
+ 156
+ 101
80
79
67
76
82
79
80
71
77
80
+127
+94
+128
+150
+ 122
+1
+3
+7
+3
105
126
94
84
113
89
88
112
90
106
117
102
89
115
85
89
]J5
106
118
100
96
105
92
92
112
101
+101
+87
+113
+129
+87
+108
+110
+100
+125
+1
+3
91
77
73
100
75
64
65
S3
105
92
S8
89
97
104
93
94
82
CO
91
90
96
92
97
102
97
98
94
89
95
+143
+110
+140
+ 164
+ 104
+lf>S
+205
+188
+113
]34
110
116
125
129
108
110
56
47
44
Southwest
Arizona
N e w Mexico..
Oklahoma
Texas
Central
Illinois
Indiana
Iowa
Michigan
M innesota
Missouri
Ohio
Wisconsin
A m o u n t (dollars)
Percent change
•Continental United States..
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
N o r t h Carolina..
South Carolina..
Tennessee
Virginia
Per capita income payments to civilian population 2
l
130
140
145
101
110
+3
+4
+2
+6
+2
-1
+10
+10
+6
-1
+4
+10
+5
+1
-1
+6
+6
+16
+81 I
+02 I
+84 I
+49
+ 119
+123
1945
1940
573
1,158
100
724
826
508
765
545
711
520
1, 295
1,453
1,053
1, 330
970
1,286
1,025
112
125
91
115
84
111
89
1.376
1, 393
1,332
1, 232
1,381
1,604
1,201
839
119
120
115
106
119
139
104
755
095
651
1.005
739
733
780
548
726
654
S09
U04
65
60
56
87
64
63
67
47
63
56
70
78
I
J
!
1
751
895
1, 058
709
802
862
628
398
319
267
252
467
311
306
356
203
314
280
317
441
471 i
356
353
410 j
605
726
541
485
649
509
j
i
I
I
!
505 I
642 !
516 j
453 I
522
440
421
574 i
431
370 i
376 I
477
603 I
-3
o
Percent of
Percent
national
change,
per capita
1940
to 1945
income 1945
747 [
803 !
835 !
578 |
626
1104
915
796
890
916
78
79
69 I
1,220
1,370
1,154
1,110
1.213
1, 062
1.007
1.290
1, 162
105
118
100
96
105
92
92
111
100
1.108
1,110
1,058
1,123
1.172
1,120
1,123
1,091
1,030
1,12.1
96
06
.91
97
101
97
97
94
89
'J7
1,483
1,520
1,298
J, 272
1, 447
132
112
110
125
Less t h a n five-tenths of 1 percent.
Digitized for702057—40
FRASER 3
+70
+ 107
+ 78
+81
+ 74
+72
-4-80
+91
+ 111
+ 137
+100
+ 158
+m
+ 138
+ 140
+ 111'
+ 170
+ 131
+ 134
+ I5f
+10:,
+ 128
+94
+124
+ 152
+ 12V
+87
+10!*
+111
+ 101
+140
+167
+ 104
+160
+204
+190
+ 110
+80
128
Computed from data shown in table 4.
Data exclude pay of armed forces b u t include mustering-out payments, family-allowance payments, and allotments of pay by military personnel to individuals.
.Source: U. S. Department of Commerce.
+102
+90
+120
+ 131
IS
Southwest increased approximately oneeighth over this period, whereas population in the Far West expanded by onehalf. These gains are in contrast to the
3 percent and 4 percent increases, respectively, in New England and the Middle East.
During the 1940-45 war period, population expansion accompanied the upward sweep of total income in the two
Southern regions and the Far West. But
in New England and the Middle East,
areas of less-than-average income gains,
population actually declined. The agricultural Northwest is exceptional to the
general pattern of fairly direct relationship between relative income and population changes over the war years. There
a relatively large gain in total income
was accompanied by a decline in population.
With the exception of the Northwest,
then, adjustment of total income for
population changes, as shown by the per
capita data in table 5, serves to reduce
geographic differences in the 1940-45
rates of increase in total income. Particularly noteworthy, in view of its considerably above-average advance in total
income from 1940 to 1945, is that California's percentage rise in per capita
income was less than the national average.
Narrowing of Differentials
A principal fact revealed by analysis
of the estimates of per capita income
^see table 5) is that wartime developments effected a relative, if not absolute,
narrowing of the wide differences among
States and regions in respect to size of
per capita income. This partial reduction of geographic inequality is demonstrated clearly by changes from 1940 to
1945 in the relationships of regional per
capita incomes to national per capita
income. In the high-income regions of
New England and the Middle East per
capita income declined appreciably as
a percentage of the national average.
But in the low-income regions—Southeast, Southwest, and Northwest—per
capita income advanced by much largerthan-average proportions.
Of the 17 States having per capita incomes higher than the Nation's in 1940,
14 registered 1940-45 gains that fell short
of that for the country as a whole. Conyersely, of the 32 States with per capita
incomes below the Nation's in 1940, 28
scored war-period gains exceeding the
Nation-wide average.
The permanency of this wartime
tendency toward reduction of inequality
cannot yet be gaged, but a relevant consideration is that it is an acceleration of
prewar developments. Also of considerable relevance is that nearly all of the
SURVEY OF CURRENT BUSINESS
August 194G
Map 2.—Per Capita Income of the Civilian Population, 1945 *
0 0 1 $1,250 AND OVER
g g g g $1,050 TO $1,249
Y77A $ 8 5 0
1
1 UNDER
T0
$',049
$850
UNITED STATES
$1,158
1
Data include mustering-out payments, family-allowance payments, and allotments of pay
to individuals by military personnel.
Source of data: U. S. Department of Commerce.
Nation's low-income States place unusually heavy dependence upon agriculture as a source of income. In many of
them, notably Kentucky, North Carolina,
and the important farm States in the
Northwestern and Central areas, agriculture was the main impetus to largerthan-average income expansion over the
war years.
For the low-income group of States,
maintenance of relative income gains
achieved over the war period will depend
in large measure upon continued prosperity and full employment, and a concomitant steady, high demand for farm
products. This is essential, especially in
view of the sensitivity of farm prices and
income to changes in general business
activity.
Finally, account should be taken that
part of the narrowing of per capita differentials during the war is attributable
to heavy flows of military payments into
the Southern States. This element of
relative gain will be nearly eliminated as
such payments dwindle to a fraction of
their 1945 volume.
Per Capita Civilian Income
Per capita income payments to all individuals reflect the average incomes of
both the civilian population and of military personnel stationed in each State.
Considerable interest attaches also to
estimates of the per capita incomes of
civilians only.
Map 2 shows per capita civilian incomes for 1945, which in most States
were at peak levels. In all parts of the
country last year the per capita income
of the civilian population approximated
or bettered wartime highs. In Washington and Michigan, where the effect of
contracted war production on individual
incomes was most severe, the average
income of civilians was only 7 percent
less than in 1944.
This map also portrays broad differences among the States in levels of average income, despite the tendency toward
lessening of inequality over the war period. The range in 1945 was from $548
in Mississippi to $1,604 in New York.
Most striking—though not surprising—
is the concentration of lowest income
States in the Southeast and Southwest.
An array of States in respect to size of
per capita income places all 15 Southern
States among the 17 States in the Nation
with the lowest averages.
As developed briefly in the State income article in the August 1945 issue.of
the SURVEY, geographic variation in industrial structure is a key explanation
of these income differentials. In general, States with above-average per capita incomes have relatively large proportions of the labor force employed in
manufacturing, mining, construction,
and the distributive and service industries. Low-income States, on the other
hand, typically place much larger emphasis on agriculture and domestic service as sources of income. Average incomes in nonagricultural pursuits are, of
course generally much higher than in
agriculture and domestic service. In the
Southern States, an additional factor de~
August 1940
pressing the general income average is
the substantially lower-than-average
level of farm income.
Technical Notes
1. The State income estimates presented
in this article include revisions, in the
light of more complete data, of estimates
previously published for 1943 and 1944.
Estimates for the fourth quarter of 1945 are
special compilations. Quarterly estimates
have not been prepared for any other period.
Further, income payments estimates are
available only for the Nation and the States;
they are not available for local areas.
2. "Income payments to individuals" is
a measure of the income received by residents of each State from business establishments and governmental agencies. It comprises income received by individuals in the
form of (1) wages and salaries, after deduction of employees' contributions to social
security, railroad retirement, railroad unemployment insurance, and Government retirement programs; (2) proprietors' incomes,
representing the net income of unincorporated establishments, including farms, before owners' withdrawals; (3) property income, including dividends, interest, and net
rents and royalties; and (4) "other" income, which includes public assistance and
other direct relief; labor income items such
as work relief, Government retirement payments, veterans' pensions and benefits,
workmen's compensation, and social insurance benefits; mustering-out payments to
discharged servicemen; and family-allowance
payments and voluntary allotments of pay
to dependents of military personnel. Income
payments are distributed among the States
on a where-received basis (with exceptions
noted below). Only payments made to residents are included in the estimates for the
Continental United States and the individual
States.
Income payments differ from national income by the inclusion of items—termed
"transfer payments"—which do not represent returns for labor or capital services rendered currently, and by the exclusion of
certain items which are not actual payments
to individuals. Income payments not included in national income are public assistance and other direct relief, veterans'
pensions, adjusted service benefits (the soldier's bonus), retirement payments by government, social insurance benefits, the Government's contribution to allowances paid
to dependents of enlisted military personnel, and mustering-out payments. Items
covered in national income but not in income payments include retained earnings of
corporations and contributions by both employees and employers under social insurance legislation.
Additionally, national income includes the
pay of Federal civilian and military personnel stationed outside the Continental United
States, whereas the State income series excludes such pay with the exception of that
part flowing into this country in the form
of voluntary allotments of pay and contributions to family-allowance payments by military personnel to their dependents. This
difference is present also between the State
income payments series and the income
SURVEY OF CURRENT BUSINESS
payments series prepared monthly and annually for the Nation. The latter is published in the SURVEY regularly as a monthly
series and from time to time on a quarterly
and annual basis in conjunction with the
Department's estimates of national income
and gross national product.
3. Per capita income payments are derived
by division of total income payments by
total population excluding Federal civilian
and military personnel stationed outside the
Continental United States. In five States,
however, income was transferred from the
State of recipient's employment to State of
residence before computation of per capita
income. These States are New York, New
Jersey, District of Columbia, Maryland, and
Virginia. In this connection, it should be
19
noted that the wage-and-salary component
of total income payments is allocated by
States on the basis of State of employment,
rather than of residence. For all States except the five noted above, it is assumed that
State of employment is identical with State
of residence.
For the years 1929-43 population data used
in the derivation of per capita income are
those of the Bureau of the Census of the
Department of Commerce. For 1944 and
1945 population totals used are the sum of
civilian population from the Bureau of the
Census and military personnel, as compiled
from monthly or quarterly data, from the
War and Navy Departments.
4. Insofar as possible, data and procedures
used in preparation of the State income es-
Table 6.—Pay Rolls in "War" Manufacturing Industries *
Percent of total income
State and region
Continental United States..
New England
Connecticut
Maine
Massachusetts
New Hampshire.—
Rhode Island.
Vermon t
Middle. East
Delaware
District of Columbia.
Maryland.._.
New Jersey
New York
Pennsyl van ia
West Virginia
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana..
Mississippi
North CarolinaSouth Carolina-..
Tennessee
Virginia
Southwest
Arizona
New Mexico.
Oklahoma
Texas
Central
Illinois
Indiana
Iowa
Michigan....
Minnesota...
Missouri
Ohio
Wisconsin
Northwest
Colorado
Idaho
Kansas
Montana
Nebraska
North Dakota^
South Dakota.
Utah
Wyoming
Far West
California
Nevada
Oregon
Washington.
1 "War" manufacturing industries include chemicals and allied products, rubber products, iron and steel and,'their
products, ordnance and accessories, transportation equipment (except automobiles), nonferrous metals and their products,
electrical machinery, machinery (except electrical) and automobiles and automobile equipment.
2
Data are gross of employee contributions to old age and survivors insurance and State unemployment compensation programs. Fourth quarter 1945 data are seasonally adjusted at annual rates.
3 Less than $500,000.
Source: U. S. Department of Commerce.
SURVEY OF CURRENT BUSINESS
20
timates for the fourth quarter of 1945 paralleled those used in preparation of the
annual estimates. The principal difference
in methodology is that fourth-quarter estimates of wages and salaries in "covered"
industries generally were based on ratios of
fourth-quarter 1945 to year 1945 employment
data (as compiled by the Social Security
Board from reports of State unemployment
compensation commissions), with adjustment of the added-State total to the independently derived national total. Reported
unemployment compensation wage data
could not be used directly in making the
estimates because they include the important seasonal element of year-end bonuses.
An additional aspect of the quarterly estimates should be noted. The fourth-quarter
national total (seasonally adjusted) of net
income of farm operators was allocated
among the States on the basis of the 1945
distribution. This procedure thus does not
take account of State-by-State trend and
random differences between the quarter and
the year. It was adopted, after considerable
effort to derive a series based mainly on gross
cash income after seasonal adjustment, because of the lack of essential quarterly data
by States on inventory changes in crops and
livestock, and because of the unusual difficulty of measuring on a State basis the
seasonal element in farmers' cash receipts
from marketings of crops and livestock.
5. The regional classifications used in this
article are adapted from those proposed by
Howard W. Odum in Southern Regions of the
United States (University of North Carolina
Press, Chapel Hill, 1936).
6. Estimates of total income payments to
individuals for each State are derived as the
summation of a very large number of separately estimated components. The following
statement, which necessarily omits considerable detail, affords a brief description of
the principal sources of data used in the
derivation of State estimates for each of the
August 1946
four broad types of income payments defined
above. Uniform sources and methods are
utilized for all States.
Wages and salaries, which for the Nation
are more than two-thirds of all income, are
among the types of income for which data
are most complete and reliable. They are
estimated by States in considerable industrial detail. For most industries they are
derived from reports of the Bureau of the
Census and of the Social Security Board. In
the preparation of estimates for 1939 and
subsequent years, heavy reliance has been
placed on wage data compiled by the Social
Security Board from tabulations by the State
unemployment compensation agencies of reports received from all covered employers.
For each State these tabulations include a
summary of the total amount of wages,
classified by detailed industry groups, actually paid out by establishments located in
the State. The unemployment compensation wage data have been supplemented by
Table 7.—-Total Income Payments to Individuals, by States and Regions, 1929—45l
[Millions of dollars]
State and region
Continental United States..
New England
Connecticut
Maine
Massachusetts
New Hampshire.
Rhode Island
Vermont
Middle East
Delaware
District of Columbia.
M ar y 1 an d
New Jersey
New York
Pennsylvania
West Virginia
Southeast
Alabama
...
Arkansas.
Florida
Georgia..
Kentucky
Louisiana
Mississippi
North Carolina.
South Carolina..
Tennessee
Virginia
Southwest
Arizona
New Mexico,....
Oklahoma
Texas
Central.
,
Illinois
Indiana
Iowa
Michigan...
Minnesota...
Missouri,...
Ohio
Wisconsin..
1929
82,617
6,792
1,459
449
3,787
302
579
216
27,840
218
638
1,106
3,268
14,479
7,338
793
1930
1931
73,325 | 61,971
6,282
1,337
432
3, 512
279
527
195
5,623
1.178
'381
3,156
259
477
172
1932
1933 I 1934 1935
47, 432 46,273 I 53,038
4,481
911
298
2, 555
199
385
133
25, 609 22,031 17,045
182
167
128
644
619
549
1,036
927
743
3,081 i 2,713 2,151
13,346 11,435 8,840
6,638
5, 580 4,172
682
462
590
4,264
888
297
2, 386
200
366
127
5,031
1.096
353
2,757
241
426
158
16,337 18, 299
147
127
556
495
815
720
2,197
1,985
8, 509 9,369
4,027
4,627
474
588
19,577
161
631
871
2,361
9,941
4,989
623
6,976
585
389
584
800
713
641
373
915
406
721
849
7,127
617
393
635
798
794
725
385
812
365
743
860
6,064
512
332
546
667
679
640
292
690
314
622
770
4,979 , 5,136
6, 354
419 I 419
537
287 ' 288
342
439
516
425
560
735
596
530
636
534
499
487 I 595
256
339
256
576
845
677
261
378
299
498
661
516
654
770
630
4,153
245
161
1,079
2, 668
3,428
208
137
844
2, 239
2,788
170
116
659
1,843
2,199
122
86
507
1,484
24, 226
7,036
1,877
1,348
3, 543
1,443
2, 210
4,920
1,849
20,833
5,903
1,595
1.248
2,940
1.325
1,984
4,251
1,587
2,299
120
90
537
1, 552
I 2,924
167
131
666
1,960
1938 1939
1940
1941
66,045
70,601
75,852
5,729
1,301
400
3,106
268
480
174
6,124
1, 417
431
3,309
269
511
187
7,367
1,837
505
3,846
309
651
219
22, 448 23,481 21, 503 22,783
203
192
205
178
813
792
781
763
1,074
1, 067 1,000
1,000
2,835
2,859
2,690
2,658
11, 246 11,635 10, 759 11,301
5,819
6,174
5,438
5,818
714
739 i 773
24,319
239
905
1,222
3,138
11,830
6,225
28,203
278
1,040
1,516
3,676
13,384
7,404
905
72,211
5,673
1,267
398
3,093
262
473
180
7,904
8,132 I 8,457
711
652
099
479
456
470
773
751
711
920
863
907
847 ! 902 j 793
789
748 I 792
442
399
463
1,006
1,077
1,011
468 j 485
451
846 !
880
801
967 | 996
938
3,402
202
162
753
2,285
: 3,804
| 232
I 177
j 841
; 2,554
3,583
213
165
767
2, 438
92, S
8,414
681
478
819
901
839
828
436
1,090
493
853
996
9, 043 11,580
1,037
763
493
658
1,062
900
1,241
986
1,042
880
1,066
847
444
630
1,436
1,131
703
545
1,221
927
1,484
1,127
3,756
227
179
796
2,554
3,908
237
190
829
2,652
17,185 12,630 12,193 14,139 16,220 18,986 20, 620 18,378 20,090
3,787
4,833
3,335
4,222
4,909 5,395
4,813
3,517
5,285
| 1,325
1,167
1,713
1, 522 1,688
978
1,312
1,571
974
| 965
606
1,092
1.068
896
982
619
644
1,185
I 2,413
2,131
3,257
2. 705 3,054
2, 469 2,926
1,816
1,641
921
1,304
1,083
1. 281 1,362
1,125
839
812
1,378
! 1,688
1,533
1, 763 1, 824 1, 709 1,832
1,284
1,380
1,244
i 3, 564 2, 610 2, 601 3,066
3,447
4,072 4, 400 3,794
4,154
| 1,292
1, 482 1,571
1,443
1, 081 1,258
971
938
1,514
1942
1943
1944
1945
115,301 139,285 149,660
152, 704
2,329
667
4,499
348
814
251
10,159 I 10,624
2, 632 2,688
847
853
5,107
5,416
373
411
915
950
285
306
10,744
2,608
830
5,592
446
948
320
33,079
316
1,251
1,997
4,519
15,132
8,783
1,081
38,446 41,671
400
372
1,509
1,447
2,509
2,388
5,739
5,333
17, 542 19, 280
10,137 10.878
1,227
1, 356
43,036
398
1,617
2,467
5,655
20, 308
11,134
1,457
15, 421 19, 201
1,419
1,743
888
971
1,464
2,082
1,632
2,110
1,322
1,675
1,400
1,846
1,079
881
1,859
2,218
954
1,122
1,508
1,951
2,094
2,404
21,051
1,902
1,098
2,283
2,336
1,826
1,967
1,147
2.484
1,245
2, 202
2,561
21, 703
1,980
1,171
2,387
2,369
1,916
1,931
1,159
2,575
1,265
2,353
2, 597
9, 078
566
404
1,781
6,327
0,095
581
431
1,820
6, 263
21, 664 26, 800 32,886 39, 327 41, 763
6,889
8,035
9,342 10,223
5,740
2,437
3,067
2,731
3,946
1,858
1, 527 1,956
2,349
2,287
1,233
4,271
5,432
6.829 7,080
3,425
2,022 2, 360 2,426
1, 424 1,626
2,363
2,898 3,394
3, 602
1,914
5,646
6,933
8, 314 8,901
4,448
2,041
2, 543 3,008
1,622
42, 610
10, 589
3,985
2,516
6,672
2,666
3,806
8,925
3,451
4,734
287
222
956
3,269
6,421
433
295
1,305
4,388
8,391
588
371
1, 579
5,853
i
Northwest
Colorado
Idaho
Kansas
Montana
Nebraska
North Dakota.
South Dakota.
Utah
Wyoming
.
3,927
633
Far West
California
Nevada
Oregon
Washington.
6,998
5,217
74
603
1,104
230
997
325
764
264
288
272
154
3,592 2,824
478
580
153
204
730
928
213
264 I
578
749
160
224
199
264
195
239
118
140
1,931
362
112
487
158
344
122
117
143
86
1,953
358
115
474
158
374
126
118
143
87
2,250
404
146
549
212
378
136
157
165
103
2, 627
446
165
022
6, 454
4, 878
70
524
982
4.167
3,182
46
338
601
4,091
3,113
43
337
598
4,695
3, 530
53
404
708
5,203
3,904
62
459
778
5,456
4,151
62
443
800
1 For definition see notes to table 8 and section on "Technical Notes."
Source: IT. S. Department of Commerce.
2,023
149
113
583
1, 778
1937
5,372
5,900
1,356
1,199
408
377
3,193 | 2,928
272 | 258
494
447
177
163
58,558 68,000
4,678
1,000
323
2,593
228
391
143
802
562
695
956
984
862
544
966
438
905
987
1936
3, 029
538
201
724
250 •
283
476
534
178
197
184
196
192 i 224
114
132
6,330
4,730
72
560
968
i
j
I
|
!
3,238
584
223
781
299
549
217
202
247
136
6,711 j
5,047!
580
1,007
3,099
563
213
692
288
523
209
3,363
589
232
757
321
569
237
243
141
265
151
6,331 6,730
772
5,047
84
69 I
540 I 587
950 j 1,012
7, 431
5,606
92
633
1,100
2, 974
526
207
690
271
509
196
j 208
j 235
! 132
j
I
j
I
!
4,109
5, 832
695
973
278
408
974
1,427
372
459
655
975
331 I 432
301
430
329
512
174 ! 216 I
9,476
7,044
107
824
1,501
7.104
1,134
478
1,830
508
1,214
526
510
661
243
7,365
1,131
521
1,931
549
1,272
559
518
622
262
12,754
2,754 16,657 1 18,108
9, 1205
1 12, 075 ! 13,175
Q !
196
«
203 I 198
1,178
1,537 ! 1,602
2,175
2, 842 I 3,133
7,676
1,238
512
1,938
539
1,347
588
599
641
274
17,840
13,124
196
1,549
2,971
SURVEY OF CURRENT BUSINESS
August 1940
21
Table 8.—State Income Payments, by Type of Payment, 1943-45 l
[Millions of dollars]
1943
State
139,285
96, 397
23, 420
13, 6G7
5,801
United States, total >__.
Wages and salaries 3_.
4
Proprietors' income
.
5
Property income
6
Other income
Alabama, total
Wages and salaries
Proprietors' income
Property income
Other iucome
1, 743
1,179
361
103
100
_._.,„
1944
149,660 152, 704
101, 671 98, 692
24,050 25,394
14, 662 15, 764
9,277 12, 854
1,902
1,217
391
110
184
Arizona, total
Wages and salaries..
Proprietors' incomeProperty income
Other income
588
410
117
35
26
Arkansas, total.
Wages and salaries,.
Proprietors' income.
Property in com c
Other income
971
1,098
513
536
326
364
66
57 I
75 ! 132
California, total
Wages and salaries
Proprietors' income
Property in come
Other income
Colorado, total
Wages and salaries
Proprietors' income
Property income
Other income
566
381
101
40
44
~ 12, 075 13,175
8, 575 9,220
1, 854 2,007
1,217
1,310
429
638
350
70
178
372
255
47
60
10
400
268
52
63
17
District of Columbia, total.
Wages and salaries
Proprietors' income
Property income
Other income
1,447
1,174
88
135
50
1,509
1,195
92
144
78
68
24
1,617
1,261
99
154
103
Florida, total
Wages and salaries..
Proprietors' income.
Property income
Other income
2,082
1,455
357
178
92
2, 283
1, 589
352
187
155
2,387
1, 523
455
199
210
2,110
2,336
1,440
1,551
413
429
141
152
116
204
521
478
283
260
174
169
34
31
18
30
9,342 10, 223
6, 526 7,157
1,431
1,432
1,012
1,071
373
563
3, 731 3,946
2, 572 2,683
720
722
294
314
145
227
2,349
2,287
950
1,022
1,114
912
194
206
91
147
1, 830 1,931
1,031
1,103
581
550
145
160
73
118
1,675
1,826
975
1,007
450
481
2,369
1,461
466
160
282
512
266
168
37
41
10, 589
7,118
1, 552
1,149
770
3,985
2,540
790
343
312
2,516
1,047
1,056
218
195
1,938
1, 008
603
170
157
1,916
1,000
498
2,388 !
1,803
266
239
80
Massach usetts, total
Wages a rid salaries
Proprietors' income
Property in come
Other income
13,124
8,847
2,005
1,407
865
I 2,608
I 1,799
194
|
440
!
-
Michigan, total
Wages and salaries
Proprietors' income..
Property income
Other income
-
J
j
j
8,314
6,114
1,012
875
313
8,901
6,423
1,049
934
8,925
6,123
1,114
1,010
Oklahoma, total
Wages and salaries. _
Proprietors' income.
Property income
Other income
1,579
969
385
122
103
1, 781
1,025
448
137
171
1,820
994
451
144
231
Oregon, total.__
Wages and salaries..
Proprietors' income.
Property income
Other income
1,537
1,109
282
92
54
1,602
1,123
99
85
1,549
1,025
301
108
115
10,137
7, 501
1,091
1,132
413
10,878
7,868
1,135
1,211
664
11,134
7,698
1,193
1,308
935
915
700
66
113
36
950
705
68
121
56
948
668
70
130
80
j 1,122 ! 1, 245
811
792 '
j
243
\
200
71
!
64
120
1
66
1, 265
781
246
74
164
510
191
269
31
19
518
200
252
36
30
599
211
307
40
41
1,951
1,262
422
152
115
2,202
1,394
444
164
200
2,353
1,416
483
177
277
Texas, total
Wages and salaries
Proprietors' income
Property income
Other income
5,853
3,863
1,272
433
285
6,327
4,073
1,309
468
477
6,263
3,887
1,229
485
662
Utah, total
Wages and salaries
Proprietors' income
Property income
Other income
661
467
133
35
26
622
417
126
37
42
641
411
133
41
56
Vermont, total
Wages and salaries
Proprietors' income
Property income
Other income
285
175
56
42
12
306
180
62
45
19
320
183
61
49
27
2,404
1,774
357
177
96
2,561
1,797
410
185
169
2,597
1, 738
5, 739
4,417
486
528
308
Virginia, total
Wages and salaries
Proprietors' income
Property income
Other income
Washington, total
Wages and salaries
Proprietors' income
Property income
Other income
2,842
2,097
461
183
101
3,133
2,271
518
198
146
2,971
2,053
504
214
200
404
252
86
30
36
West Virginia, total
Wages and salaries
Proprietors' income
Property income
Other income
1,227
900
168
83
76
1,356
965
175
89
127
1,457
999
188
95
175
19,280
13, 330
2,275
2, 614
1,061
2,484
1, 456
638
191
199
Wisconsin, total
Wages and salaries
Proprietors' income
Property income
Other income
3,008
1,902
690
309
107
3,298
2,095
710
332
161
3,451
2,077
788
360
226
243
144
72
18
9
262
162
67
19
14
274
160
73
20
21
75 j
55 !
2, 509
1, 831
291
256
131
5,107 | 5, 416
3, 798 3, 936
434
421
708
662
338
226
j 6,829
| 5, 401
! 746
41
207
7,0S0
5, 455
782
507
336
2,426
Minnesota, total...
„ _ . 2-300
1,363
Wages and salaries
1, 2fifl
678
Proprietors' income
780
217
! Property income
| 202
168
I Other income
-_.| 112
I
I
!
i Mississippi,
total
! 1,079 I 1J47
118 !
175 I
398 !
251 |
Wages and s a l a r i e s . . .
Proprietors' incom e
Property income
Other income
|
.. j
588
354
64
73
-
Missouri, total
.....
Wages and salaries
Proprietors'
income
p
Property income
Other income
j
New Hampshire, total
Wages and salaries
Proprietors' income
Property income
Other income
New Jersey, total
Wages and salaries
Proprietors' income
Property income.-.
Other income
New Mexico, total
...
Wages and salaries
Proprietors' income
Property income
Other income
New York, total
Wages and salaries
Proprietors' income. _
Property income
Other income
North Carolina, total
Wages and salaries
Proprietors' income
Property income
Other income
1 Comparable estimates for the years 1929, 1933, and 1939-42 were published in the
2 Includes only payments to residents of the continental United States; exludes pay of
Federal civilian employees and armed forces stationed outside the country with the exception of that part flowing into this country in the form of voluntary allotments of pay
and contributions to family-allowance payments by military personnel to their
dependents.
3
After deduction of employees' contributions to Social Security, Railroad Retirement,
Railroad
Unemployment Insurance, and Government retirement programs. Pay of the
Digitized
forforces,
FRASER
armed
net of contributions to family-allowance payments and of allotments to
individuals, is allocated by States in terms of the State of duty.
http://fraser.stlouisfed.org/
2,249
745
341
267
273
203
40
33
1,272 j
651 I
440
109 I
1,214
593
474
101
46
.__j
203
146
33
18
J
\
j
373
I
255
j
45
j
53
I
20
j
| 5, 333
j
j
1
|
j
4,182
462
493
196
371
236
86
28 !
21
17, 542
12, 300
2,099
2,440
703
2,218
1,425
519
166
108
381
72
137
3, 602
508
265
183
38
Nebraska, total
Wages and salaries..
Proprietors' income.
Property income
Other income
Nevada, total._..
.
Wages and salaries
Proprietors' income
Property income
Other income
|
|
j
|
i 3,394
j 2.138
772
318
166
Montana, total -_
Wages and salaries
Proprietors' income
Property income
Other income
August 1945 issue of the SURVEY OF CURRENT BUSINESS.
Federal Reserve Bank of St. Louis
Ohio, total
Wages and salaries..
Proprietors' income .
Property income
Other income
853
606
117
33
1945
588
188
322
38
40
847
610
134
70 J
1944
559
179
318
35
27
Ma ine, total
Wages and salaries. _
Proprietors' income.
Property income
365
II
Other income
114
ii Ma ryland, total
42
60 I! Wages and salaries..
Proprietors' income1,171 '
Property income
573
Other income
l|
581 I
1943
526
161
317
31
17
1, 967
1,353
300
144
170
1,980
1,184
416
118
262
State
North Dakota, total.._
Wages and salaries..
Proprietors' income.
Property income
Other income.
1,846
1,288
323
135
100
2,688
1,969
191
413
115
Georgia, total
Wages and salaries..
Proprietors' income.
Property income
Other income_ _
Idaho, total
Wages and salaries..
Proprietors' income.
Property income
Other income
Illinois, total
Wages and salaries..
Proprietors' income.
Property income
Other income
Indiana, total
Wages and salaries. Proprietors' income.
Property income
Other income
Iowa, total
Wages and salaries..
Proprietors' income.
Property income
Other income_ _ I
Kansas, total
Wages arid salaries..
Proprietors' income.
Property income
Other income
Kentucky, total
Wages and salaries -.
Proprietors' income.
1945
Louisiana, total
Wages and salaries..
Proprietors' income _
Property income
Other income
2,632
1. 987
187
j
j
388
70
Delaware, total
Wages arid salaries..
Proprietors' in come.
Property income
Other income
Property income.
Other income
1944
163
175
1, 238
692
-
1943
State
150
100
1,131
660
235
141
95
Connecticut, total
Wages and salaries
Proprietors' income
Pro pert y in cons e
0 ther in come
1,134
680
255
133
66
1945 '
139 I
31 |
19 j
9 I
411
274
49
56
32
Pennsylvania, total
Wages and salaries
Proprietors' income
Property income
Other income
Rhode Island, total. _.
Wages and salaries..
Proprietors' income.
Property income
Other income
South Carolina, total
Wages and salaries
Proprietors' income
Propert y i ncom e
Other income
South Dakota, total
Wages and salaries
Proprietors' income.
Property income
Other income
Tennessee, total
Wages and salaries
Proprietors' income
Property income
Other income
Wyoming, total
Wages and salaries
Proprietors' income
Property income
Other income
.
_.
:
.
495
295
429
198
232
* Represents the net income of unincorporated establishments, including farms, before
owners'
withdrawals.
5
Includes dividends, interest, net rents and royalties.
6 Includes public assistance and other direct relief; labor income items such as work
relief, veterans' pensions and benefits, Government retirement payments, workman's
compensation, and social insurance benefits; mustering-out payments to discharged
servicemen; and family-allowance payments and allotments of pay to dependents of
military personnel (allocated to State of dependents' residence).
Source: TJ. S. Department of Commerce.
22
special tabulations of the Social Security
Board furnishing data on wages in the very
small-sized firms excluded from unemployment insurance coverage by the varying sizeof-firm provisions of the State laws. These
tabulations were compiled from wage data
filed by employers under the old age and
survivors insurance program, which includes
all-sized establishments within "covered"
employment. Supplementation of the unemployment compensation wage data by the
old age and survivors insurance wage data
yields a complete measure of wages and salaries paid out by all establishments in "covered" industries. On a Nation-wide basis,
wages and salaries in covered industries in
1945 constituted three-fourths of all civilian
wages and salaries and nearly one-half of
all income payments to individuals.
State estimates of wages and salaries are
prepared for each of the several industries,
or types of employment, not covered by Social Security laws. These include agriculture; Federal, State, and local government
agencies; railroads; domestic service; maritime industries; and nonprofit religious,
charitable, scientific, and educational agencies. Data used in the formulation of estimates for these categories are obtained, for
the most part, from Federal agencies. For
example, estimates of wages paid to hired
farm laborers are secured from the Bureau of
Agricultural Economics of the Department
of Agriculture. Wage-and-salary payments
by governmental agencies are based on data
supplied by the Civil Service Commission,
Bureau of Labor Statistics of the Department
of Labor, Bureau of the Census, Office of Education of the Federal Security Agency, and
the War and Navy Departments.
Estimates of Government wages and salaries are made separately for the executive,
judicial, legislative, and military branches
of the Federal Government, and for the
school and nonschool groups of employees
of State and local governments. Pay of the
armed forces, net of their contributions to
allowances and allotments going to their dependents, is allocated by States in terms of
their State of duty. This allocation is made
separately for each of the four military services and is based on monthly or quarterly
data by States on numbers of officers and of
enlisted personnel stationed in each State
and on average rates of pay for the two
groups of personnel.
Proprietors' income may be divided for
purposes of this discussion into net income
of farm operators and net income of nonfarm proprietors. State estimates of the net
income of farm operators are derived by deducting from farmers' gross income during
the calendar year their total expenses of
production. Gross income includes cash income from marketings of crops and livestock,
Government payments, the value of products
consumed on the farm, and the value (positive or negative) of the change in inventories of crops and livestock. The total of
production expenses is a summation of 34
separately estimated items. Data on which
the income and expenditures data are based
are those of the Bureau of Agricultural
Economics.
The total net income of proprietors in nonagricultural industries is prepared by States
for each major industry division. The geographic distribution of these components of
total income payments is based mainly on
SURVEY OF CURRENT BUSINESS
reports of the Bureau of the Census, including reports of both the industrial and population censuses. Pending the availability of
more complete information from Census
enumerations, year-to-year alterations of the
State distributions derived for the censusyear 1939 have been based for each industry
on a relevant measure such as volume of
sales or wage-and-salary payments.
National estimates of dividends, interest,
and net rents and royalties are distributed
by States primarily on the basis of tabulations by the Bureau of Internal Revenue of
the amounts of these items reported by individuals on Federal income tax returns.
The most important exception to this general
procedure is the separate estimation of net
rents received by farmer landlords, from data
of the Bureau of Agricultural Economics.
For most of the numerous individual components of the category of "other" income
payments, State and national data represent
actual disbursements, as reported by Federal
agencies. Types of income for which data
on disbursements by States are available from
official reports include public assistance and
August 1946
other relief, retirement and unemployment
insurance benefits under the Social Security
and Railroad Retirement and Railroad Unemployment Insurance programs, and veterans' pensions and benefits. For two other
items of this category—workmen's compensation and retirement payments by State and
local governments—estimates are supplied by
the Social Security Board as a product of its
studies of social insurance and related payments.
The War and Navy Departments report disbursements for mustering-out payments and
military allowances and allotments for the
country as a whole; and, additionally, they
supply requisite data for estimating the
amounts of these disbursements received by
residents of the various States. The War
Department, for example, tabulated and reported the actual amounts of family-allowance payments received in each State during
the month of June 1944; and the State distribution for this month was used to allocate
by States the national total of family-allowance disbursements for the calendar year
1944.
New or Revised Series
Manufacturers' Orders, Shipments and Inventories: Revised Data for Specified Series
for Pages S-2 and S-3 1
[Average month 1939=100]
Industry group
and year
Jan. j Feb. j Mar.
Machinery, including electrical:
New orders:
83
1939
1940
102
1941
197
1942
333
1943
296
1944
415
1945..
...
322
Shipments:
81
1939
1940
102
194]
__
150
1942
234
1943
344
1944
399
1945
402
Inventories:
1938
100. 7
1939
111.7
1940
135.1
1941
203. 7
1942
252.1
1943
254,3
1944
246. 3
Nonferroas metals
and products,
inventories:
I
| I
July I A u g .
I
Sept. j Oct.
!
Nov.
Mo.
Dec. ij avg.
82
108
237
443
320
231
411
90
104
240
420
343
255
385
90
107
217
400
288
293
321
90
113
238
487
200
295
168
93
133
260
498
344
295
226
89
135
257
355
313
280
205
87
150
259
420
273
265
126
203
240
340
258
303
111
137
209
234
356
261
288
158
119
172
244
289
199
302
188
112
225
299
234
343
437
217
89
111
169
266
408
433
465
94
117
179
277
391
431
443
100
125
193
282
405
456
465
101
129
197
300
398
425
438
102
132
217
300
421
449
451
95
123
204
308
410
439
399
94
126
206
311
414
424
330
105
139
233
325
419
435
272
109
135
222
336
427
446
267
115
142
233
352
409
425
250
115 | 100
162 ! 129
263 ! 206
395
307
408
455
468
436
370
263
101.1
114.7
139. 7
208.3
254. 6
256. 4
244.6
102.1
116.2
144.5
212.5
259.0
259.1
248. 7
101.0
115.4
149.4
217.9
262. 8
258.4
248. 8
99.6
115.7
155.5
222.2
263. 6
259.8
247.4
97.3
98.3
115. 4 116.0
159.1 164.9
224.7 229. 5
261. 8 260.4
257.7 256.9
244.3 239. 6
96.9
116.1
170.9
232.1
262.1
251. 9
237.3
98.8
121.2
183. 4
242.1
261.7
248. 0
230.3
102.4
124.4
190.1
245.6
264.0
246.2
229.9
101.8
108.0 I 100.3
129.9 117.9
195. 6 163. 5
249.7 227.0
252. 4 259. 8
242.6 253.5
218.3 239.2
99.5
97.8
100. 3 100.6
107.4 109. 5
148. 7 147.5
101.2
100. 8
114.0
151.1
102.9
101.7 103.8
119.2 122.5
152. 4 152.1
104.7
109.2
115.1
137.7
102.1
108.3
115.0
135.9
99. 6
107.1
114.9
133. 7
1938
1939
1940
1941
1942
97.7
107.1
148.0
1938
1939
1940--.
1941
1942....
105.0 105.0
107.9 108.9
112.1 113.5
134. 5 135.9
Other durable
goods industries
inventories:
Apr. ! May June
-I- 102. 4
97.7
105.9
115.4
131.4
97.0
117.5
174.2
235. 9.
263.5
250.3
235.1
i
100
147
244
381
287
305
226
104.0
105.7
127.0
153.3
99.4
103.2
106. 6 106.8
130.7 131.8
156. 5 156.5
97.3
107.1
135.1
152.6
98.3
106.7
137.8
152. 3
95.8
97.0
106.5
142.6
151.9
100.0
103.7
123.7
151. 9
97.3
105.5
118. 7
128.6
96.0
104. 4
119.7
126.5
93.8
103.3
121.0
124.0
95.8
1011
122.9
123.3
105.2
126.9
123.6
103.1
104.4
110.0
132.7
122.2
100. 0
106.7
119.0
129.8
-I
I
1 Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Indexes for the machinery industry represent combined data for the separate series for "electrical machinery" and "other machinery" published
in the special table on p. 23 of the July 1946 issue of the Survey and in the statistical section on pp. S-2 and S-3 prior
to that issue. Data shown here for "nonferrous metals and their products" and "other durable goods industries"
provide all unpublished figures for these series which were combined prior to the May 1943 issue of the SURVEY (see
p. S-3 of the March 1944 and later issues for data beginning 1943).
2 Value of orders canceled exceeded new orders received.
SURVEY OF CURRENT BUSINESS
August 1946
percent higher in the fourth week of July
than at the end of June.
Business Situation
(Continued from p. 10)
Retail Prices Advance Sharply
In some cases, the sharp price increases in primary and wholesale markets were almost immediately reflected
at the retail or consumer level. Preliminary figures released by the Bureau
of Labor Statistics indicate about a 30
dent that in the case of a large number
of industrial products prices were maintained by producers and distributors at
or near ceiling levels.
However, there were a few substantial
advances in this group. The prices of
hides and skins, for example, were 63
New or Revised Series
Employment and Pay Rolls in the Telegraph Industry: Revised Series for Pages S—11
and S-13 1
(1939=100)
Janu- Feb- March April
ary ruary
Year
Employment:
1937
1938
1939
1940
1941
1942
1943
P a y rolls:
1937
1938
1939
1940
1941-.
1942
1943
May
June
July
August
September
October
November
De- Monthcem- ly averber
114. 6
106. 3
99.2
99.4
103.0
113.0
119.8
114.2
102.4
97.6
97.5
102.7
111.4
119.9
114.4
99.7
98.3
97.8
104.0
111.0
121.1
114.8
99.4
98.8
98.8
105.1
111.2
122.6
115.4
100.3
99.3
100.3
107.0
111.9
124.2
116.6
100.5
100.8
102.2
109.8
113.9
126.4
117.1
100.4
101.7
103.0
112. 5
115.9
128.2
116.0
100.3
101.5
102.6
114.1
116.3
129.2
114.1
100.2
101.6
101.9
114.4
115.9
128.2
112.6
100.3
100.9
101. 4
113.6
115.4
126.9
111.2
100.3
99.9
100.8
111.8
116.7
125.9
109.1
100.6
100.4
102.2
111.9
118.0
124.0
114.2
100.9
100.0
100.7
109.2
114.2
124.7
105.3
98.1
95.7
98.6
106.3
122.0
145.4
109.7
96.7
96.2
97.1
107.0
121.1
147.9
109.2
96.2
97.1
100.5
107.6
119.7
150.6
110.5
100. 6
97.9
99.6
115.1
127.2
156.1
111.1
98.5
101.0
105.4
117.6
129.4
156. 4
114.8
99.9
102.3
104.3
L19.0
135.0
158.2
113.4
97.3
99.9
106.0
122.8
136.3
164.8
108.9
98.0
100.9
106.1
122.0
135.9
164.5
110.4
100. 3
103.9
102.7
123.2
139.0
164.3
106.0
96.4
98.3
103.9
121. 0
137.6
165.2
106.0
97.8
99.5
105.3
116. 2
135.4
167.5
111.0
106.5
107.2
114.0
133.1
150.9
170.8
109.7
98.9
100.0
103.6
117.6
132.5
159.3
1
Compiled by the U. S. Department of Labor, Bureau of Labor Statistics. Employment and pay-roll data for the telegraph industry were formerly combined with the telephone industry and separate figures are available only beginning
1937. Indexes (on a 1929 base) back to 1929 for the two industries combined are on pp. 46 and 52 of the 1942 Supplement
to the Survey. Data exclude messengers and approximately 6,000 employees of general and divisional headquarters
and of cable companies. For data beginning January 1944 see pp. S-ll and S-12 of the March 1945 SURVEY and later
issues.
23
percent increase in the retail cost of
meat during the 30 days to July 15 and
about a 20 percent rise in the prices of
dairy products. For all foods combined,
the price rise was 13 percent in the onemonth period.
Retail prices of living essentials other
than food products rose about 1 percent,
according to the preliminary figures.
Rents were not surveyed in July.
Cost of Living Up 5J4 Percent
The June-July increase in the over-all
consumers' price index is tentatively
placed at 5^2 percent. This is probably
the largest monthly rise since the Bureau
of Labor Statistics began collecting costof-living data in 1913. It may be noted,
however, that the full amount of the
recent increase may not have represented a net addition to the prices paid
by some consumers, since trading at
higher-than-ceiling prices was not generally reflected in the cost-of-living index for previous months.
Whether general retail prices will continue to reflect the substantial price increases in primary markets in July will
depend in large part on the actions of
the Decontrol Board and other control
authorities with respect to the reimposition of ceilings on uncontrolled commodities.
Cotton and Rayon Woven Goods Finished, Production: New Series for Page S-39 1
[Thousands of linear yards]
Year and quarter
Bleached
and white
finished
Plain dyed
and
finished
050,065
262, 516
2,174, 352
543, 588
1,431,938
357,985
519, 520
629,880
3,054, 821
763, 705
2,112,435
528,109
960,655
906, 228
784,187
752, 038
990,078
959, 968
875, 857
855, 701
Total
Printed
and
finished
COTTON GOODS
Total
Quarterly average
1944:
January-March
A pril-J ane
Jul y-September... _
October-December
Total
Quarterly average
1945:
January-March
A p r il-Ju ne
July-September
October-December
Total
Quarterly average .
, 403,108 3, 681, 604
920,401
, 850, 777
1, 443, 775
360, 944
1, 352, 264
338, 066
638,628 I
331, 949
311,601
634,659 j
(iO.5,804
302, 526
296, 012
600,325
2, 479, 416
619,854
1, 242,088
310,522
764,805
734, 637
573, 765
656, 394
825,004
817,843
752, 537
789, 062
628, 707
014, 995
561, 522
582,113
311,094
301,799
259,706
285, 219
729, 601
682,400
3,184, 446
796,112
2, 387, 337
596,834
1,157,818
289,455
730,355
733,131
428, 370
555,090
825,860
822, 022
723, 360
778,405
446, 946
611, 737
3,149, 647
787,412
595, 262
617.322 |
458,746 "
456, 642
2,127, 972
531, 993
309,233
293, 787
246,264
320,043
Bleached
and white
finished
Plain dyed
and
finished
Printed
and
finished
1939:
Total
Quarterly average
1943:
January-March
April-June
Jul y-September
October-December
1,252,710
313,178
(2)
(2;
434, 662
410, 785
378, 985
406,892
39. 792
54,413
57, 287
67, 287
Total
Quarterly average
1944:
January-March
April-June
J nly-September
October-December- - -
1,631,324
407,831
218, 779
54., 695
1,053,994
263, 499
358, 551
89, 638
424, 210
406, 390
370,462
408, 504
60.212
47, 837
37, 782
42, 245
261, 262
264, 550
252.073
269, 405
102, 736
94,003
80,607
96, H.r»4
Total
Quarterly average--.
1945:
J ami ary-M arch
April-June
July-September
O ctober-D ecember..
1, 609, 566
402, 392
188,076
47, 019
1,047,290
261,823
374, 200
93, 55V
274,757
263,466
232,870
259, 718
87,169
79,032
69,040
76, 93.5
Total
Quarterly average-. .
1, 540, 307
385,077
1,030,811
257,703
312,17f.
78,044
412, 459
397,045
350,609
380,194
j
!
50,533
54,547 i
48, 699
43, 541
197, 320
49, 330
2 972,956
2 243,239
297,
266,
242.
247,
204
815
405
570
279, 7M
09, 93H
97, fi(w".
89, 557
79, 29::
1,169. 327
292, 332
1
Compiled by the U. S. Department of Commerce, Bureau of the Census. Data for 1939
are from the Census of Manufactures for that year; later data are compiled from reports
to the Civilian Production Administration (formerly the War Production Board). For
1941, only establishments which were primarily processors of cotton goods were canvassed;
therefore complete data for rayon goods are not available for that year. Beginning 1943,
data are reported by finishers who account for practically the entire output of the industry. Estimates are included for a few producers whose reports are not received regularly.
Total
RAYON GOODS
1939:
Total
Quarterly average
1941:
Total
Quarterly average
3943:
J anu a ry- M arch. _ _ _ _
April-June
July-September-. _...
October-December
Year and quarter
Rayon fabrics are defined as fabrics containing 51 percent or more rayon by weight.
Rayon means synthetic yarns made by the viscose, cup ramnionium, and cellulose acetate
processes; for the purpose of this report, fabrics made from nylon and other synthetic
fibers are included. Fabrics containing 25 percent or more wool are not included in the
cotton
goods series. The quarterly data cover 13-week periods.
2
Bleached and white finished fabrics included with dyed and finished; data not
collected separately.
SURVEY OF CURRENT BUSINESS
24
August 1946
Department Store Stocks, United States: Revised Series for Page S—9
[1935-39=100]
1919 1920 1921 1922 i 1923 1924 1925 1926 \ 1927 | 1928 \ 1929 j 1930 I 1931 ! 1932 | 1933 1936
j 19341937
I 1935
1938
1940 J 1941 1942 1943 1944 1945
!
Month
WITHOUT ADJUSTMENT FOR SEASONAL VARIATION
Year.
107
116
128
140
146
143
139
137
143
156
159
151
119
106
111
118
122
119
115
114
120
131
135
135
113
107 112
114 122
124 133
124 136
119 134
114 127
111 123
116 131
126 144
130 150
134 153
113 126
140
120
119
126
124 119
134
131 125
146
140 135
147
144 j 142 137
142
139 139 133
135 132 130 I 130 125
128 128 127 126 117
133 I 134 132
118
146 u: 142
128
155 i 156 | 153
137
158 159 | 157
140
130 130 128
114
!
133 1 137 j 139
140 j 140
91
94
100
99
96
90
81
80
87
93
96
77
72
74
76
77
77
76
76
85
99
107
107
85
81
86
91
94
93
87
82
85
93
99
103
83
79
84
91
93
92
85
80
85
95
103
106
86
82
88
95
97
96
90
86
92
104
112
116
95
138 137 | 127 j 111
00 | 84
90
90
j
I
|
I
|
94 92 88
103 97 95
113 104 103
117 105 104
115 104 102
108 96 96
104 91 93
109 95 98
120 104 108
125 110 117
127 114 123
99 91 96
94
103
110
111
110
101
96
102
114
123
127
102
100
108
117
120
122
118
121
134
152
171
173
136
132
151
170
186
198
197
196
199
197
195
185
144
141
136
144
143
146
147
156
171
178
177
173
143
144
154
159
160
162
160
100
175
178
182
174
134
138
147
153
165
173
175
175
182
184
185
179
136
96
111
100
102
108
131
179
155
162
166
92
92
93
94
94
94
95
96
98
99
101
103
107
108
110
112
112
113
114
114
114
112
110
108
104
102
102
100
101
100
99
99
99
98
99
99
99 106 113
99 108 114
100 108 116
100 107 118
100 108 120
101 106 124
101 105 130
102 107 135
102 107 140
104 109 151
106 110 151
104 112 152
151
163
172
184
195
203
201
192
181
173
167
164
161
147
147
143
145
151
158
160
161
157
159
164
164
167
163
161
161
164
161
163
161
161
160
150
157
159
157
166
173
179
176
169
166
164
165
158
ADJUSTED FOR SEASONAL VARIATION
.January
February
March.'.
April
May
•Tune
July
August
September
October
November
December....
. . . . 99
. . _ _ 98
97
. 96
98
105
111
. . . . _ _. 114
118
__| 121
! 120
119
117
117
117
118
i 120
122
123
122
121
121
122 I
120
120
122
120
117
118
119
119
119
117
120
122
125
128
129
131
132
132
133
135
136
136
136
136
135 138 141 140
136 136 141 140
138 137 141 140
139 138 140 139
138 137 140 139
137 139 140 138
137 139 139 140
135 141 139 140
136 140 139 141
137 139 139 140
135 M0 140 I 140
137 142 140 i 140
133 118
133 116
132 115
131 114
136 130 114
135 129 112
137 128 111
137 124 109
136 124 110
137 123 10S
136 122 1C5
135 121 104
140 139
139 138
139 j 137
138 | 137
137 '
137
138
139
136
137
138
137
102
100
98
96
94
93
89
85
83
83
82
82
80
78
75
75
76
79
83
90
95
95
92
91
90
91
90
91
91
90
90
89
89
88
89
89
88
88
90
90
90
89
88
89
90
91
92
92
1
Compiled by the Board of Governors of the Federal Reserve System. The index is computed by combining revised district indexes, compiled by the respective Federal Reserve
Banks in cooperation with the Board of Governors, on the basis of the relative importance of the retail value of stocks in each district in the base period. The indexes are computed
from end-of-month figures on retail value of stocks held in the store or warehouses as reported by a sample group of stores. The sample has been enlarged in each district. Reports
are now received from around 900 stores including a representative number of retail outlets of mail-order companies which currently account for about 64 percent of estimated total
For 1946 data see p. S~9.
Retail Sales, January to April and Total 1945: Revisions for Pages S-7 and S-8 1
Kind of business
Januuary ruary
I Month-||
Total 2 | ly aver- j;
age 2 11
ALL RETAIL STORES
Sales (millions of dollars), total
129 6,416 5,621 76, 572
5,450
Durable goods stores
699
870
859 11,498
748
Automotive group
219
259
244 3, 356
239
Motor vehicles
157
182
171 2, 293
172
Parts and accessories
62
77
73 1,063
67
Building materials and hardware
239
319
336 4,182
266
Building materials
142
179
192 2,508
164
Farm implements
497
31
46
49
30
Hardware
66
94
95 1,177
72
Homef urnishings group
184
224
217 2,889
184
Furniture and housefurnishings
139
174
172 2,221
140
Household appliances and radio...068
45
50
45
44
Jewelry stores
57
68
62 1,071
59
Nondurable goods stores
4,702 4,430 5,546 4, 763 65,074
Apparel group
489
763
507 7, 685
512
Men's clothing and furnishings
102
160
109 1, 806
110
Women's apparel and accessories...
246
383
251 3,589
251
Family and other apparel
68
103
69 1,093
71
Shoes
73
117
79 1,197
80
Drug stores
217
246
226 3, 023
227
Eating and drinking places
724
853
839 10.809
791
Food group
1, 526 1,442 1,676 I, 506 20,192
Grocery and combination
1,173 1,097 1,265 1,136 15, 328
Other food
345
411
370 4,864
353
Filling stations
.
187
228
215 3,016
205
Genaral merchandise group
763 1,042
813 11,614
772
Department, including mail order
487
684
511 7,428
487
General, including general merchandise, with food-'
96
101
109 1,417
118
Other general merchandise and dry
goods
80
109
88 1,249
83
Variety
105 1, 520
101
130
100
Other retail stores
656 8,735
609
739
669
Feed and farm supply
202 2, 379
157
212
165
Fuel and ice
145
150
118 1, 671
181
Liquors
..
119 1,688
115
137
124
Other
216 2,997
192
240
199
Kind of business
Janu-
Feb-
iMonthMarch April Total 2 ';ly aver2
i age
ALL RETAIL STORES—continued
6,381 I Index of sales (1935-39=100):
958 j Unadjusted, combined index
Durable goods stores
280
Nondurable goods stores
191 i
89 I Adjusted, combined index
Index eliminating price changes
349 !
209 !
Durable goods stores
Automotive
.
41
98
Building materials and hardware..
Housefurnishings
„__.
241
Jewelry
185
50
Nondurable goods stores
...
Apparel
89
Drug
5,423 !
640
Eating and drinking places
151 i
Food
„„
Filling stations
299
91
General merchandise
100
Other retail stores
252
901
CHAIN STORES AND MAIL-ORDER HOUSES
1,683
1,277 Sales (millions of dollars), total
405
Grocery and combination
_.
251 Indexes of sales (1935-39=100):
968
Unadjusted, combined index
619
Adjusted, combined index
Grocery and combination
118
168.3
93.0
192.8
193.3
140.1
112.6
59.1
164.5
168.8
304.0
219.6
258.1
199.6
348.2
210.9
113.8
184.8
244.0
171.8
94.4
197.0
193.9
140.7
113.1
59.9
163.8
168.5
315.2
220.2
273.7
201.2
342.0
207.6
113.7
191.5
236.4
189.4
104.8
217.0
196.4
142.7
115.5
60.7
165.0
172.2
345.6
222.7
260.9
208.5
346.0
210.6
115.8
196.8
243.2
179.7
110.8
202.1
180.6
131.0
111.2
58.7
162.4
161.7
320.3
203.2
211.7
198. 3
337.5
200.9
106.8
166.0
222.7
198.0
121.0
223.1
198.0
141.7
121.0
65.1
170.9
181.2
347.6
223.1
250.5
209.8
357.5
215.9
121.2
185.0
248.3
1,168
376
1,109
352
1.440
401
1,358
397
156.9
185.3
181.5
159. 8
182.1
173.6
180.8
185.3
168.6
1,179 16, 296
348 4,769
163. 5
163.7
163.2
181.6
104
127
728
198
139
141 '
250
i Compiled by the 17. £. Department of Commerce, Bureau of Foreign and Domestic Commerce. Revisions resulted largely from adjustment of the monthly estimates to sales tax
lata for 1945. Practically all series under all retail stores have been revised. Under chain store and mail-order bouses, only the series for grocery and combination stores and the
totals have been revised. *
• Total and monthly average for the entire year. Revised figures beginning M a y 1915 are on p p . S-7 and S-8 of the July 1946 and the current issue.
SURVEY OF CURRENT BUSINESS
August 1946
S-l
Monthly Business Statistics
The data here are a continuation of the statistics published in the 1942 Supplement to the SURVEY OF CURRENT BUSINESS. That
volume contains monthly data for the years 1938 to 1941, and monthly averages for earlier years back to 1913 insofar as available; it
also provides a description of each series and references to sources of monthly figures prior to 1938. Series added or revised since publication of the 1942 Supplement are indicated by an 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 refer
to adjustment of monthly figures for seasonal variation.
Data subsequent to June for selected series will be found in the Weekly Supplement to the Survey.
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1946
1945
June
September
June
July
August
1946
October
Novem- December
ber
January
Febru-
March
April
May
236.4
239.0
232. 6
12, 960
239. 7
240. e;
233. 8
12. 768
BUSINESS INDEXES
i
INCOME PAYMENTS t
Indexes, adjusted:
239.0
Total income payments
.1935-39 = 103.
241. 7
Salaries and wages
do...
233. 8
Total nonagricultural income
do,..
14,414
Total
.mil. of doL
Salaries and wages:
8,701
Total
do...
3, 606
Commodity-producing industries
. do...
2,150
Distributive industries
— „do...
1,492
Service industries
do...
1,453
Government
do...
94
Public assistance and other relief.
—-do...
2, 263
Dividends and interest
do....
Entrepreneurial income and net rents and roy2, 499
alties
-.--~ mil. of doL.
857
Other income payments
.
do...
13,116
Total nonagrieulfcural income
_._._»_-_do
244.6
266.3
241.2
14, 397
243.4
265. 5
240.3
13, 585
236. 0
254.9
232. 7
12, 674
229.0
243.4
226.7
13,424
231.4
239.5
229. 5
13; 531
235. 7
238. 5
232.2
13, 075
234.1
236.1
230.5
14, 272
233.5
231.1
229.3
13, 047
231. 7
227.8
226.1
12,068
234.7
235.1
230.4
13,199
9,572
3,831
1.859
1, 292
2, 590
81
1,853
9, 445
3, 746
1,886
1,314
2,499
81
9,021
3,423
1,862
1. 298
2,438
82
495
8, 708
3,106
1, 890
1, 296
2,416
83
1, 383
8, 674
3,048
1, 928
1,316
2,382
85
870
8, 543
3, 044
1,966
1,363
2,170
87
535
8, 525
3, 046
2, 073
1, 391
2,015
88
2, 056
8,179
2,938
2,018
1,396
1,827
90
1,122
8,041
2.917
2, 02.1
1, 431
1, 672
92
525
8, 360
3,222
2,075
1, 476
1,587
94
1,386
2, 275
616
13,175
2. 523
581
12,100
2, 504
572
11,200
2, 586
664
11,868
3,042
860
11,538
2. 909
1,001
11,312
2. 599
1. 004
12, 846
2, 609
1, 047
11,719
2.415
995
10, 930
2,402
957
12,059
2, 507
927
11,698
8, 541
3, 318
2, 168
1,495
1,560
93
892
8, 629
3, 42,5
2,228
1,470
1,500
94
558
• 910
13.423
FARM MARKETINGS AND INCOME
Farm marketings, volume:*
Indexes, unadjusted:
Total farm marketings
_ 1935-39=100Crops
....
do
Livestock and products....do....
Indexes, adjusted:
Total farm marketings
do
Crops
.
-.do
Livestock and products
.
do
Cash farm income, total, including Government payments*
.
mil. of dol—
Income from marketings*
.
do
Indexes of cash income from marketings:!
Crops and livestock, combined index:
Unadjusted.
. . . . „ - .1935-39=100..
Adjusted
.
...do
Crops
.
.
..--...do
.
Livestock and products
do j
Dairy products
_.-_._.do..
Meat animals
_
..._doPouitry and eggs
do..
v 110
v 95
v 122
121
87
147
141
144
139
144
J56
135
155
181
135
184
224
154
162
171
155
139
137
140
131
135
129
120
107
130
118
97
134
117
78
140
v 130
150
v 115
14S
159
139
140
142
139
139
135
142
130
122
135
134
128
139
148
152
146
144
143
144
150
170
155
162
150
149
164
138
131
119 i
140
1,537
1,483
1, 561
1, 529
1,905
1,805
1,870
1,820
1,977
1,961
1, 802
1,786
1,648
1,534
1, 455
I,3S3
1,426
1, 370
1,569
1.419
284
374
224
v 219
p 209
281
230
287
331
258
235
261
307
272
282
330
250
235
241
317
274
274
310
249
2°8
234
341
295
256
293
231
213
211
330
364
261
299
236
206
223
323
333
2S2
325
253
201
260
310
j
282 I
331 j
250
201
252 !
345 I
231
281
351
235
187
235
330
208
305
360
2(;8
194
317
278
206
285
348
243
207
258
214
276
220
234 !
308 !
192 I
121 !
138
113
393
219
234
183
166
102
120
221
572
207
173
162
315
412
126
116
132
211
223
292
187
116
134
107
371
196
202
182
168
102
115
230
535
188
167
214
303
409
107
103
109
18S
196
240
155
113
124
108
310
.165
162
171
165
110
113
171
177
195
163
104
115
98
230
139
135
150
166
112
114
247
273
105
161
199
239
380
118
110
123
164
171
187
146
94
120
82
232
144
143
148
167
123
122
242
258
120
158
214
232
371
113
108
116
167
173
192
167
95
123
81
231
148
148
148
162
122
123
237
252
137
158
201
230
370
117
113
120
161
167
184
164
86
131
63
232
147
150
1.41
169
108
128
227
217
95
154
188
231
378
111
113
109
156
160
164
102
99
135
80
217
151
155
140
163
107
134
242
220
107
157
198
233
384
117
115
118
148
' 150
' 136
43
110
139
95
' 188
139
144
128
P
2,533
2, 418
!,250 !
:,2io i
281
259
223
284
281
164
170
182
169
120
142
108
'207
141
148
123
184
125
143
251
'209
'114
161
162
234
382
134 !
119
144 !
163
174
' 190
159
129
144
122
225
132
141
109
' 187
145
144
243
'245
' 162
160
164
237
392
'330
114
141
189
' 136
1,657
1. 551
' 299
411
r 24 U
' 22o
' 255
294
PRODUCTION INDEXES
I n d u s t r i a l Production 1 —Federal Reserve Index
Unadjusted, combined index!-.
1935-39= 100..
Manufactures!
do
Durable manufactures!do
Iron and steelt
...
do
Lumber and product f....do
Furniture!
.
do....
Lumber!„
....do
Machinery!.
__do._ —
Nonferrous metals and products!-do
Fabricating*
_..
do
Smelting and refining*
„
do
Stone, clay, and glass products!
__._do___.
Cemont
do
Clay products*
„—
.
do
Glass containers!
_..._.do__..
Transportation equipment!
do
Automobiles!
do
Nondurable manufactures!
.-.do
Alcoholic beverages!-™
<,„
.„.
do....
Chemicals!
___
.do
Industrial chemicals*
do
Leather and products!.
_.
.-do___.
Leather tanning*
.
.
do
Shoes
.___do
p Preliminary.
v
v
v
v
v
v
p
P
P
171
176
193
154
137
145
133
241
137
109
191
236
399
227
405
142
159
175
261
368
107
97
111
174
113
338
247
199
98
162
231
233
379
137
136
138
' 16C:
176
' Mi
131
' 142
126
' 230
' 130
139
109
' 184
135
' 140
228
' 239
'162
' 159
157
'232
'387
126
10-5
' Revised.
•New series. For a description of the indexes of the volume of farm marketings and figures for 1929-42, see pp. 23-32 of the April 1943 Survey; indexes since 1942 are from the
Department of Agriculture. Data for 1913-41 for the dollar figures on cash farm income are shown on p. 28 of the May 1943 Survey; revised monthly averages beginning 1940 based on
annual data are as follows (millions of dollars). Cash farm income, total including Government payments—1940, 759; 1941,979; 1942,1,335; 1943,1,668; 1944, 1,753; income from marketings—1940, 695; 1941,930; 1942,1,276; 1943,1,612; 1944,1,686; the monthly figures have not as yet been adjusted to the revised totals. Data beginning 1939 for the new series under industrial production are shown on p. 18 of the December 1943 issue.
t Revised series. Data on income payments revised beginning January 1939; for figures for 1939-41, see p. 16 of the April 1944 Survey and for 1942-44, p. 20 of the May 1945 Survey.
Revised data beginning 1913 for the indexes of cash income from farm marketings are shown on p. 28 of the May 1943 Survey. For revisions for the indicated series on industrial
production, see table 12 on pp. 18-20 of theDeeember 1943 issue.
702057—46
4
SURVEY OF CURRENT BUSINESS
S-2
August
1946
Unless otherwise stated, statistics t h r o u g h 1941
and descriptive notes m a y be found ir& t h e
1942 S u p p l e m e n t t o t h ^ Survey
March
April | May
BUSINESS INDEXES—Continued
PRODUCTION INDEXES—Continued
I n d u s t r i a l Production—Continued
Unadjusted—Continued.
Manufactures—Continued.
Nondurable manufactures—Continued.
Manufactured food products!,....».1635-39«=100_.
Dairy products!
rio
Meat packing
._
do
Processed fruits and vegetables* .
do .
Paper and products! _.. _
do
Paper and pulp!
. . .
do „
Petroleum and coal products!
do
Coke
. .
do
Petroleum refining!^.
do
Printing and publishing!..
do _
Rubber products!
do
Textiles and products!
do .
Cotton consumpticn..
do
Bayon deliveries
do
Wool textile production
do
Tobacco products. _»„
do
Minerals!
. . . .
Fuels!
Anthracite!
.
.
Bituminous coal!..
Crude petroleum
. . .
Metals
Adjusted, combined index!
Manufactures,..
Durable manufactures
Lumber and products
Lumber....
Nonferrous metals
Stone, clay, and glass products
Cement
Clay products*
Glass containers
Nondurable manufactures
Alcoholic beverages
.
Chemicals
Leather and'products
Leather tanning*
Manufactured food products
Dairy products....
Meat packing
Processed fruits and vegetables*..
Paper and products
.
Paper and pulp
Petroleum and coal products
Petroleum refining
Printing and publishlug..
Textiles and products
Tobacco products
Minerals
Metals
do
do
do
do
do
do
do
. do. .
do
do. .
do
. do
do
^ fin
do
do
do
do
do
. do
do
-do....
_ do
do...
do
do
do
do
. do. .
. do
do
do
i
v 137
v 187
84
v 112
v 145
v 141
129
v 165
152
240
159
v 144
v 150
156
154
» 105
»
»
p
o
0
170
175
192
130
1 r;2
P 137
v 189
P
147
240
v 161
v 239
v 138
v 127
85
v 145
v 145
140
129
v 105
153
v 141
p 8f>
150
* 209
139
107
142
137
269
163
285
105
222
150
144
220
144
145
157
» 212
131
174
134
130
*>267
165
99
218
132
123
220
117
133
147
150
129
153
151
129
151
166
p 185
p 155
119
165
131
129
134
242
144
138
v 184
152
153
* 120
133
165
143
139
v 156
116
134
123
213
127
155
110
172
144
138
215
142
169
145
148
117
146
153
125
143
146
102
144
152
124
220
233
308
116
104
219
166
S5
121
223
151
143
v 75
155
£3
133
130
144
P166
116
p 161
91
138
v 101
129
84
148
143
v 168
151
148
149
v 84
182
108
134
131
p 172
154
117
191
141
128
215
147
173
118
192
146
133
226
150
157
114
205
143
125
228
149
104
114
215
151
138
233
153
142
122
216
159
146
234
171
148
129
221
162
147
241
173
152
137
139
114
148
138
123
125
126
120
110
133
116
134
143
112
159
141
80
126
137
94
142
139
61
134
146
114
159
144
60
134
149
121
147
49
131
145
125
168
138
48
100
108
121
10
144
r
51
210
222
292
110
98
196
169
93
117
240
186
194
239
107
98
165
160
97
110
218
167
173
194
98
89
139
161
97
110
243
162
168
186
91
76
144
161
106
116
235
168
173
191
96
83
148
158
113
119
235
163
169
185
£2
72
147
164
119
124
244
160
163
166
108
95
151
172
131
144
247
152
154
139
119
108
139
185
149
144
255
168
173
183
125
117
141
192
152
150
251
165
170
191
130
123
132
173
139
318
127
119
151
* 143
141
139
142
137
269
285
106
150
139
165
193
307
109
109
147
*>148
140
134
135
131
» 267
157
173
265
108
£8
138
156
192
239
119
112
144
* 148
141
109
143
138
154
201
230
112
107
143
* 145
129
128
158
216
228
116
109
150
156
212
230
111
114
153
161
231
224
117
115
154
P154
p 131
p 116
p 184
139
v 156
155
138
134
132
J» 240
155
128
142
138
"174
p 172
131
143
133
130
v 166
166
238
2S2
133
126
159
v 117
178
140
140
136
p 161
165
176
232
134
120
155
v 122
140
153
148
143
v 168
105
132
128
111
134
150
109
144
160
115
141
167
114
146
154
112
143
112
118
151
143
123
159
156
127
162
161
144
109
143
109
140
105
134
106
124
109
138
109
133
108
141
108
141
95
138
93
95
99
69
66
127
84
109
127
84
85
63
53
108
71
94
117
66
53
46
37
59
40
37
97
26
9
37
23
11
8
16
59
153
107
n:3
p 146
133
101
131
129
p 100
171
118
142
138
171
88
141
ieo
138
v 134
120
92
140
141
» 171
113
135
* 160
120
'92
r 142
r
138
v 165
73
129
219
161
144
245
109
147
r
r
120
215
r
«• 1 6 4
149
241>
174
164
r
115
123
125
60
v 14K
60
' 159
167
r
r
r
T
<• 190
152
148
243
r
163
169
235
130
115
'151
r
213
126
105
142
JJ 120
130
151
146
141
v 105
r
lfiO
155
' 233
p 129
r
17f<
129
123
130
176
128
140
r
r
120
142
142
138
126
161
154
124
' 164
163
104
r
115
(in,
Munition* Production
Total munitions*
i943~wn
Aircraft*
do
Ships (work d o n e ) * . . . . .
do
Guns and fire control*...
do
Ammunition* . .
do
Combat and motor vehicles* .
do
Communication and electronic equipment* . do. .
Other equipment and supplies*
do
Manufacturers' Orders, Shipments, and
Inventories
[
New orders, index, totalf .
avg month 192 9=100.
r on*?
195
186
210
193
r 9HS
133
182
183
188
186
166
180
Durable goods industries
182
179
994
do
230
203
53
173
171
121
176
219
179
160
no-,
Iron and steel and their products
224
177
do
176
221
181
174
83
165
240
119
176
163
Machinery, including electrical
339
226
205
..do....
240
188
217
215
158
235
269
111
29C
(0
do
151
154
162
r 157
63
155
137
146
144
152
130
156
Other durable goods .
Nondurable goods industries..
202
do
198
190
181
191
188
194
188
196
189
193
10C
Shipments, index, t o t a l ! . . .
247
268
209
222
"do
202
197
197
184
183
20G
210
204
°07
Durable goods industries
do
356
903
r 203
213
320
262
183
199
216
169
200
153
Automobiles and equipment
..do....
270
247
140
182
102
119
94
98
r 134
88
81
118
142
Iron and steel and their products"
do
182
198
182
194
191
92
174
262
238
140
184
Nonferrous metals and products
..do....
277
232
220
191
167
192
172
157
183
163
167
r 185
187
Machinery, including electrical
._ . . do
451
250
r 22°
252
399
330
272
202
267
263
199
198
599
r £47
Transportation equipment (exc. autos)
do
1, 735
1,594 ' 1,233
529
592
796
572
626
492
504
Other durable goods industries232
..do....
207
214
199
199
190
197
178
161
176
188
'Revised.
v Preliminary.
1 Value of orders cancelled exceeded new orders received.
New series. Data beginning 1939 for the new series under industrial production are shown on pp. 18 and 19 of the December 1943 Survey. Indexes of munitions production have
oeen revised to Incorporate corrections in the basic data and weights changed to unit prices in 1945 instead of 1943, as formerly; except for this change in weighting, the description
of the indexes published on p. 24 of the February 1945 Survey is applicable to the revised data; revised monthly averages for 1940-45 are shown on p . 32 of the February 1946 Survey;
revisions in monthly data published prior to the January 1946 Survey will be published later.
»»*.„«., x^vutua lyjii! *nuuniy xvcv iv juiy ivtz: uu.iv ior mese iiiouFmes ere sDtwn only iri tne unadjusted series 8F tr>e "adjusted" indexes are the sarre as trie unadjusted. The
indexes of new orders were revised In the November 1945 Survey and the indexes of shipments were revised in the February and March 1945 issues; data for electrical machinery and
other machinery, which were shown separately in the May 1946 and earlier issues of the Survey have been combined; data for 1939-44 for all series, except the combined indexes
!or machinery, are shown on p. 23 of the July 194(3 Survey and combined indexes for machinery are on p 92 of this issue.
SURVEY OF CURRENT BUSINESS
August 194t>
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1946
1945
June
September
June
August
July
S-3
1946
October
Novem- December
ber
February
March
195
203
218
182
161
229
178
184
204
213
225
185
154
242
199
206
221
216
K6
167
260
195
203
January
April
May
BUSINESS INDEXES—Continued
MANUFACTURERS' ORDERS, SHIPMENTS,
AND INVENTORIES—Continued
S hipm en tst—Continued.
Nondurable goods industries._avg. month 1939«=100_.
Chemicals and allied products.,
do
Food and kindred products
»__do....
Paper and allied products
do
Products of petroleum and coa!
.
.
do....
Rubber products
do
Textile-mill products
_
.___do
Other nondurable goods industries
do
Inventories:
Index, total.,
..._
_
.do
Durable goods industries---—
~do
Automobiles and equipment.
do
Iron and steel and their products
-do
Nonferrous metals and products*
do
Machinery, including electricalt._«
..do
Transportation equipment (except automobiles;
avg. month 1939-=100.
Other durable goods industriesf...
do....
Nondurable goods
do
Chemicals and allied products
._._._...do
Food and kindred products
do
Paper and allied products...
do--..
Petroleum refining
do
Rubber products
...do
Textile-mill products
do
Other nondurable goodsindustries
..do
Estimated value of manufacturers' inventories*
mil. of. dol.
205
207
206
208
189
207
202
207
217
217
185
196
333
198
192
196
214
221
166
199
274
154
177
194
201
213
173
183
255
165
184
206
199
241
183
183
200
167
197
205
192
236
178
153
260
167
208
204
201
230
183
165
212
165
207
172.6
188.9
230.8
124.4
151.7
251.3
162.7
188.7
217.4
118.8
145.4
244.3
164.1
187.3
215.0
121.2
145.6
239.6
164.3
184.9
171.4
122.5
145.9
237.3
164. 6
184.7
173.2
123.3
145.6
235.1
165.6
181. 7
177.9
123.0
136.3
230.3
166.5
177.4
175.3
124.0
134.1
229.9
163.9
170 5
186 9
* 119 6
136.3
218.3
164.7
171.2
180.8
118.0
135.2
222.6
166. 9
174.3
200.1
120.2
139.0
226.2
169.3
180.6
209.7
122.3
145.4
235.8
r 169.4
181.6
r 221.9
' 120.0
* 145. 0
r
240. 5
' 170. 4
' 184.0
r 223.0
'119.6
' 149.7
r 245.4
619.1
111.9
158.4
165. 3
148.3
163.3
117.6
791.5
102.1
143.7
156.1
154.6
140.0
108.8
183.3
118.1
156. 3
819.1
102.7
147.1
159.9
158.0
144.9
109.1
177.4
115. 5
166.2
792.1
103.1
151.5
161.2
164.5
148.3
111.7
167.7
121.1
172.4
686. 7
103.1
157.0
162.2
177.1
150.7
113.6
167.1
127.6
175.8
594. 0
104.6
158.0
165.1
177.1
155.0
111.7
169.0
130. 2
176.4
578. 5
106. 2
159.0
164.8
169.7
156.6
111.4
173. 7
135.9
183.8
587. 2
106.0
160. 5
166.6
166.6
160.6
112.4
179.9
140.7
186. 4
615.4
108.4
159.4
166.3
161.3
163.4
114.0
186.4
147.5
180.7
593. 3
r 109.9
' 158.7
166. 9
' 157.4
'161.7
' 114.1
198.5
••152.9
r
176.4
17,156
16,167
16, 307
821.6
101.9
145. 7
158.8
156.1
144.0
no. 8
182.4
115.7
161.4
16,301
' 605.7
' 110.1
' 158.5
' 165.1
'153.7
' 160.0
' 115.7
159. 5
179.0
794.7
104.9
139.9
153. 5
143.7
136.0
107.3
178.7
116.5
156.5
16, 364
16,457
16, 554 '16,288
16,369
' 16, 5S0
16,829
r 16, 837
16, 940
80
92
86
81
1G6 |
189
2J8
167
178
292
ICG
189
18';
208
221
'213
'200
173
282
197
208
'208
' 214
'209
"•206
'181
'208
'200
' 177.2
BUSINESS POPULATION
OPERATING BUSINESSES AND BUSINESS
TURN-OVER*
(U. S. Department of Commerce)
Operating businesses, total, end ofquartrr.—thousends.
Contract construction
do
Manufacturing . _
_. . . .
do. Wholesale trade
do
Retail trade...
do__—
Service industries
_
.
do
All other
do .
New businesses, quarterly ._ —
do...
Discontinued businesses, quarterly . _ .
do.,—
Business transfers, quarterly
. _ do. .
3,C65.6
166.4
249 4
133.2
1,417.7
591. 7
507 2
87.8
35.1
84.4
INDUSTRIAL AND COMMERCIAL FAILURES
(Dun and Bradstreet)
Grand total
._ number.Commercial service
do
Construction
. .
_. ._ _ . . . do. _
Manufacturing and mining
„
do
Retail trade
. . . . .
_ _ do _
Wholesale trade
do
Liabilities, grand total.
thous. of dol._
Commercial service
do
Construction
.
do
Manufacturing and mining,
__ do
Retail trade
. .. . .
do
Wholesale trade
. _
do
61
72
56
64
5
8
21
17
5
1,166
217
16
5
24
17
2
1,658
424
2,420
515
48
9
9
19
30
5
3,659
82
1.135
1,665
468
309
186
595
87
780
1,659
1,631
1,817
6
5
19
28
4
3,198
134
81
P3, 234.8
v 189.1
v 262. 5
» 141. 8
vl, £04. 2
»619.8
» 517.4
v 137.4
*36.7
»82.1
3,134.1
176.4
255 5
137.4
1,450.1
602.6
512 1
106.0
37.4
83.2
133
35
347
20
62
60
3
13
24
14
8
3,114
344
7
8
21
14
10
1,268
60
225
225
721
2,194
209
142
42
5
12
8
35
22
3
4,372
2,279
13
14
29
27
9
2,683
748
8
10
41
17
10
4,421
902
5
7
34
25
10
3, 785
40
92
13
135
127
1, 141
125
79
1,677
245
16
258
888
2,285
269
529
2,734
249
629
(8
41
26
4
3, 056
L 60
191
2,066
1,323
16
3,010
3,507
5,521
4,191
4, 774
4,843
4,634
9
23
10
o
1,824
372
107
215
874
436
133
BUSINESS INCORPORATIONS
New incorporations (4 states).-
number—
4, 388
2,072
2,861
COMMODITY PRICES
PRICES RECEIVED BY FARMERS'!
U . S . Department of Agriculture:
207
209
Combined indexf- — 1909-14=100218
206
206
207
212
204
199
205
211
206
197
Crops
-.
do
223
207
196
206
207
213
215
220
191
203
215
210
202
Food grain
do
198
200
173
169
167
167
175
178
178
179
180
185
185
Feed grain and hay
do
195
161
162
164
166
171
171
162
158
157
160
161
188
Tobacco
do
378
375
364
364
366
373
367
369
370
367
375
368
368.
Cotton
...
do
171
184
169
175
180
186
183
194
210
172
180
182
190
Fruit
do
248
261
237
214
217
219
230
225
233
229
244
237
217
159
223
Truck crops
_
do
185
244
249
275
177
269
283
282
240
181
235
Oil-bearing crops
do..—
214
219
215
213
213
212
208
217
221
210
213
210
213
207
Livestock and products
do.-.~
213
203
205
206
203
202
207
2C4
202
203
205
206
226
Meat animals
do
215
204
2C6
214
219
216
225
207
202
230
212
203
198
Dairy products
_.__.
do
207
191
192
197
199
202
204
203
202
201
199
195
173
222
197
Poultry and eggrs
do
197
201
166
178
189
167
204
207
218
168
' Revised. * Preliminary.
JData for electrical machinery and other machinery, formerly shown separately, have been combined; data back to December 1938 for the combined index are on p. 22.
•New series. Data for inventories of nonferrous metals and their products were included in the "other durable goods" index as shown in the Survey prior to May 1943 issue,
revised figures for the latter series and the index for nonferrous metals beginning December 1938 are shown on p. 22. For the estimated values of manufacturers' inventories
for 1938-42, see p. 7 of thepune 1942 Survey and p. S-2 of the May 1943 issue. The series on operating businesses and business turn-over have been revised beginning 1940, see pp.
21-23 of the May 1946 issue for data prior to 1945.
fRe vised series. The indexes of shipments were revised in the February and March 1945 issues; data for 1939-44 are on p. 23 of July 1946 Survey. The indexes of prices received
by farmers are shown on a revised basis beginning in the March 1944 Survey; data back to 1913 will be published later. Data for July 15, 1946, are as follows: Total 244; crops, 240
food grain, 2lf»; feed grain and hay, 244; tobacco, 369; cotton, 249; fruit. 249; truck crops, 163; oil-bearing crops, 242; livestock and products, 247; meat animals, 2(58; dairy, 245; poultry
and eggs, 196. See note marked "*" in regard to revision of the index of inventories of "other durable goods" industries.
SUKVEY OF CUEEENT BUSINESS
S-4
Unless otherwise stated, statistics through 1941
and descriptive notes may he found in the
1942 Supplement to the Survej
1946
August 1946
1946
1945
June
June
July
August September
October
Novem- December
ber
January
February
March
April
May
COMMODITY PRICES—Continued
1
|
COST OF LIVING
National Industrial Conference Board:}
Combined index
i
106.9
94.7
114.8
96.3
91.0
115.5
106. 9
94 6
114.9
97.3
91.0
115.3
106.6
94.6
113.9
97 5
91,0
115.4
106.2
94.6
112.9
97.4
91.0
115.3
106.3
94.9
112.8
97 4
91.0
115.4
106.7
94.9
113.9
96.9
91.0
115.5
107.1
94.9
114.9
97.1
91.0
115.7
133.3
157. 2
145. 6
110.5
92.1
128.4
156.1
i 108.5
127.9
129.0 !
345.4
141.1
110.0
95.2
124.5
145.8
i 108. 3
124.0
129.4
145.9
141.7
111.2
95.2
126.7
145. 6
(!)
124.3
129.3
146.4
140.9
111.4
95.2
127.2
146.0
128.9
148.2
139.4
110. 7
95.2
125.7
146.8
i 108.3
128.9
14S.5
139.3
110.5
94.8
125.7
146.9
129.3
148.7
140.1
110.1
94.0
125.8
147.6
129.9
149.7
141.0
110.8
93.8
' 127.3
148.8
125.4
125. 6
130.2
153.1
140.1
110.5
92.9
127.7
150.2
1
108. 4
125.9
147.7
142.1
142.4
142.2
do
do __
do__.-
145. 6
122.1
147.8
183. 5
134. 0
98.9
107.1
141.1
109.1
133.4
192.6
131.6
106.0
107. 2
141.7
109.1
133.4
191. 8
131.6
106.1
107.4
140.9
109.1
133. 4
183. 5
131.8
..Dec. 31,1930=100..
114.7
113.4
113.4
_ do ._.
do
108.1
100. 2
115.0
117.2
113.3
108. 2
305.4
113.5
115.6
112.0
108.2
105.4
113.7
115.5
112.0
112.9
106.1
107.3
126.3
105. 7
101,8
118.2
95.4
130.4
130. 2
134.4
100. 7
107.5
05. 5
110.5
134.7
108.3
99.6
117.4
1923=100
Food
do
Sundries
clo
Consumers' price index (U. S. Dept. of Labor):§
Combined index
_
1935-39=100Clothine
do
Food
do....
Fuel electricitv and ice
_do
Gas and electricitv*
do...Other fuels and ice*
do. Rent
-- do
RETAIL PRICES
D. S. Department of Commerce:
All commodities, index*
U. S. Department of Labor indexes:
Anthracite
Bituminous coal
Food, combined index
Dairy products*
Fruits and vegetables*
Meats*
Falrchild's index:
Combined index
Apparel:
Infants'
Men's
.1935-39*= 100..
1923-25=100..
do
1935-39=100..
Home furnishings
. . . . __do
Piece goods
do ._
WHOLESALE PRICES
D. S. Department of Labor indexes:
Combined index (889 series)
1926-100.
Economic classes:
Manufactured products
do „
Raw materials
do
Semimanufactured articles
do
Farm products
„
. _
do „.
Grains
do
Livestock and poultry
. . . . . . ...
_. do _.
Commodities other than farm products
do
Foods.....
do . .
Cereal products.,
.do.....
Dairv products
. do __
Fruits and vegetables
do
Meats
do
Commodities other than farm products and foods
1926=100—
Building materials
.
,
. do
Brick and tile. .
" do
Cement.....
do
Lumber
do
Paint and paint materials
do
Chemicals and allied productsf _
do
Chemicals.
_
do
Drugs and pharmaceuticalsf
do _.
Fertilizer materials....
„__
do
Oils and fats
do
Fuel and lighting materials.
do . .
Electricity....
do
Gas
do
Petroleum products
do
Hides and leather products
do
Hides and skins
____._do____
Leather
do
Shoes
do
Housefurnishing goods
do
Furnishings..
.__. .
do
Furniture
do
Metals and metal products
do
Iron and steel...
do
Metals, nonferrous
do
Plumbing and beating equipment
do
Textile products
do
Clothing
do
Cotton goods
do
Hosiery and underwear
do
Rayon. . .
do
Woolen and worsted goods
do
Miscellaneous
do
Automobile tires and tubes
do . .
Paper and pulp
_.
.....do
Wholesale prices, actual. (See respective commodities.)
Rents collected semiannually for m
F
id d
140. 1
3 ",1.8
137.4
100. 7
112.
101.
127.
130.
110.
9
,
3
1
1
105.6
129. 9
121. 3
102,0
170. 0
108.6
96. 4
98.0
109. 4
82.7
102. 1
87.8
64. 0
121.5
110. 7
129. F
110.4
114.5
J06. 1
112.2
110. 1
99. 2
106.0
109. 2
120, 3
139, 4
78 8
'if) 9
112. 7
73. 0
115.6
no.
e
99 4
154.9
106. 3
95. 0
109.5
80. 4
102.0
83.9
59. 6
78.0
64.2
118. 0
117.3
101.3
126. 3
104. 5
107.5
101.5
104. 7
99.1
85. 9
92. 6
99. 6
107.4
119. 7
71 5
30.2
112.7
94. 8
73.0
109. 0
106. 7
94 8
113.8
97 4
91.0
115.9
124.7
124.6
129.9
149.4
141.4
110.3
94.0
126.1
148.3
i 108. 3
124.8
142.0
141.8
142.2
143.1
143.1
142.9
106.3
107.4
139.4
109.1
133.4
172. 5
131.6
106.2
107.5
139.3
109.1
133.3
172.5
131.0
106.2
107.5
140.1
109.1
135.9
172.3
131.0
107. 2
107.6
141.4
109.2
136.2
177.3
131.2
108. 2
108. 6
141.0
109.4
136.4
180.8
131.4
108.6
108.6
139. 6
109.8
136.6
181.1
131.3
113.5
113.5
113.5
113. 5
113.6
113.5
108.1
105. 4
113. 8
115.6
112.0
108.1
105. 4
113.9
115.7
112.0
108.1
105 4
113.9
315.7
112.0
108.1
105.3
113.8
115.7
112.0
108.1
105. 3
113.8
115.7
112.0
10S.0
105. 3
113.8
115.7
111.8
105.9
105.7
105. 2
105.»
106. 8
107.1
101.8
117.5
95.3
129.0
128.6
133.3
100.7
106.9
95. 3
110. 5
130.3
108.0
101.8
3 3 6. 3
95.5
126.9
126.4
130.7
100.9
106.4
95.1
110.6
124, 3
107. 9
101.7
111.8
96. 5
124.3
126.6
128.5
100.9
104.9
95. 1
101.9
116. 6
96.8
127.3
130. 2
130. 5
101.0
105,7
95.3
110.4
116.3
107. 9
102. 2
118. 9
96.9
131.1
132.9
131.8
101.3
107. 9
102. 5
119. 2
97.6
131.5
133.2
129. 6
101.6
108. 6
113.2
123.8
107.9
113.8
128.7
107.9
99.7
117.5
111.7
99.4
155,1
106.1
95.3
96.1
110.2
81.1
102.0
84.3
60.3
77.8
64 2
118.0
117.6
101.3
126.3
104.5
107. 5
101.5
104. 7
99.1
85.9
92.6
99 6
107.4
119.7
17
1 5
30 2
112.7
94.8
73.0
109.0
99. 9
117.8
111.6
99.4
155.3
107.3
95.3
96.1
110.2
81.1
102. 0
84.8
61.5
78. 0
64.2
118.0
117.8
101.3
126. 3
104. 5
107.5
101.5
104.7
99.1
85.8
93.4
99.6
107.4
119.7
71 5
30 2
112.7
04. 8
73.0
109. 3
99. 8
118.0
112.4
99- 6
155.0
107.6
95.3
96.1
110.2
81.1
102. 0
84,1
65. 5
80.2
62. 6
118.7
118.1
103.8
126. 3
104. 6
107.7
101.5
104.9
99.6
85.7
95.0
100.1
107.4
100.1
118,3
115.2
99.9
155.2
107. 6
95.5
96. 4
110.3
81.0
102.0
84.2
66. 7
79.8
62.1
118.6
117.6
103.8
126.3
104.7
107.9
101.6
105. 0
99.8
85. 7
95. 0
101.0
107. 4
125.0
71 6
30.2
112,7
94.8
73,0
109. 3
100.2
118.7
116.7
100.1
155. 5
107.7
95. 7
96.7
110.7
81.9
102.0
84.6
68.0
79.1
61.7
118.8
117.6
303.8
126.7
104.7
107. 9
101.6
105. 2
100.2
85.8
95.0
101.1
107. 4
125.1
71.5
30. 2
112.7
94.8
73.0
109. 3
100.5
119.5
116.7
100.5
157.8
107.8
90.1
97.1
112.3
81.9
102.0
84.8
68.7
77.7
61.6
118. 9
117.0
104.1
126.9
104.7
107.9
101.6
105. 6
101.0
85.8
95.0
101. 4
107. 4
125. 5
73.5
30.2
112.7
94.8
73.0
109,3
0)
124.5
no. s
117.5
107, 9
71 5
30 2
112.7
94.8
73.0
109. 3
0)
0)
0)
129.6
150.5
139.6
111.0
93.8
127.8
149.7
..
' 331.1
M31.7
r 154.5 I ' 155. 7
142.6
141.7
110. 4
110.3
92. 6
92. S
127.8
r 127.8
' J 52. 0 ' 153. 7
0)
120. 7
0)
r
143.7
144.8
r 145. *
108.6
108.6
140.1
110.3
137.0
183. 4
131.3
108.5
in?,. 6
141.7
113.3
1S7.4
185. 9
132.8
108.'
108.1
142. (
115.1
138. (
185. ' 133.^
113.5
113.6
113.7
114.,
108.1
105.3
113.7
115.7
111.8
108.2
105.3
113.7
115.9
112.0
108.1
105. 7
113.7
110.2
112.2
108.
106.5
114,
117.(
113.
107.1
107.7
108.9
110.2
.311.
102.9
118.3
97.6
129.9
133.8
131.5
101.9
107. 3
104.5
120.5
100.4
133.4
136.7
133.5
103.4
109. 4
105 5
122. 2
101. 1
135.4
100.
123.
115.0
125.7
108.1
103.4
118.9
98.8 |
130.8 i
133.9
132. 7 i
102. 5
107.8
66.1
115.8
127.5
108.1
100,8
120. 0
116.9
101.1
158.5
107.8
96.0
97.1
112.1
81.9
101.7
84.9
69. 2
77.4
61. 5
119.4
117.6
103. 8
127.9
106.2
109.7
102,8
105. 7
101. 2
85.7
96.0
101.6
107.4
125. 6
75.2
30.2
112.7
95.3
73.0
112.0
101. 3
120.9
116.9
101.5
160.1
107.8
95. 9
97.0
111.5
81.9
101.8
85.1
71.3
79.1
61.6
119.6
117.6
103.9
128. 2
106. 5
110.1
102. 9
106.6
103.3
85.7
95.1
102.2
109.4
125.8
75.3
30.2
112.7
95.6
73.0
113.7
0)
r
137. 0
135. 1
127.1
101.
137.
148,
134.
104.5
110.8
105.
111.
116.1
133. i
109. 6
110.3
i 3s, 2
110.3
117.
140.
110.
102. 2
124,9
117.4
' 102. 3
167. 6
107.8
96.0
97.0
111.7
81.9
102.1
85.0
08. 3
79.6
61.2
119.8
117. e
104.0
128. 6
106. 9
110.9
102. 9
108.4
107. 0
86.1
95.1
104.7
109. 5
132.9
75.5
30.2
112.7
95.6
73.0
113.7
103.3
120.5
119.9
102. 4
171.4
108.0
90. 1
97.1
112.4
81.9
102. 1
£6.1
06. 0
79.7
02. 8
110.8
103.
127.
120.
102.
172.
108.
ioi!o
128. 0
107.5
112.1
102. 9
108.8
107.4
87.1
100.8
107. 9
117.4
137. r
30. 2
112. 7
95 7
73, 0
13 3.0
90.
97.
112.
81.
] 02.
£6.
80.
03,
120.
120.
104.
128
10S.
113.
102.
109.
107.
S9.
100.
108.
119.
138.
75
30.
112,
97.
73.
115.
• I
h and September or June and December); indexes arc held consstant in cities not surveyed during quarter.
beginning 1946, indexes aio compiled quarterly.
iiiiiiui ic visions have been made
res of retail prices of the food sub— - - * shown separately. Data
SURVEY OF CURRENT BUSINESS
August 1946
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1945
1946
Juno
S-5
June
July
August
September
1946
October
November
December
Janu
ary
February
March
74.7
77.2
71.5
51.4
73.8
76.8
71.3
50.9
73.0
' 70. 3
70.5
50.2
72.5
'75.9
70.0
50.4
April
May
COMMODITY PRICES—Continued
PURCHASING POWER O F T H E DOLLAR
As measured by—
Wholesale prices
Retail food prices
_
Prices received by farmersf
1935-39=100_
do
do
71.3
75 0
68.6
48.9
75.9
77.5
70.8
51.6
75.9
77.3
70.5
51.6
76.1
77.3
70.9
52.1
76.5
77.6
71.6
54.1
75 9
77.6
71 7
63.5
75.3
77.3
71.3
51.9
75.1
77.0
70.6
51.4
75.1
77.0
70.8
51.6
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY*
New construction, total
,
mil. of dol..
Private, total
do___.
Residential (nonfarm)
do
Nonresidential building, except farm and public
utility, total
mil. of dol..
Industrial
do....
Farm construction
do
Public utility
do
Public construction, total
_do
Residential.
,
do
Military and naval
do
Nonresidential building, total_
_IIdoII-I
Industrial
.__.
do
Highway
_
_do
All other
do
916
741
317
410
201
47
421
226
58
435
243
65
407
256
71
424
270
81
438
309
98
443
-•348
116
477
389
136
"512
'434
159
••604
••505
195
-•709
589
244
'822
'676
'288
314
145
40
70
175
17
14
26
6
70
48
75
50
23
56
209
9
59
89
73
29
23
53
30
58
195
7
57
76
60
29
26
87
58
31
60
192
7
56
66
49
34
29
98
63
24
63
151
3
42
41
22
36
29
113
70
14
62
154
3
42
41
20
36
32
138
80
10
63
129
2
34
31
12
31
31
162
91
5
65
95
2
18
26
10
21
28
191
102
8
54
88
2
18
25
9
18
'25
'216
112
8
51
78
3
13
21
7
19
22
'237
118
14
59
'99
5
13
24
290
134
29
'263
125
20
'62
'120
8
15
22
6
'42
'33
' 146
'12
14
23
6
'57
40
*203
*>204
»176
»185
24
50
22
61
24
54
23
65
24
61
24
70
26
69
26
78
35
83
36
83
42
94
44
86
48
108
56
87
50
107
61
117
85
136
95
148
135
147
129
194
201
170
172
'203
'211
' 169
'179
38, 265 12,751
12, 289 11,416
807, 914 227, 298 257, 691 263,608
214, 534 81,717 108, 447 67,452
£93, 380 145,581 149, 244 196,156
12,004
278, 262
43,346
234,916
13,342
316,571
60, 554
256,017
15,481
370,087
60,819
309, 268
14,
330.
61,
268,
332
501
715
786
16,772
387,399
56,449
330,950
42, 573 52, 733
697, 593 734,911
146, 404 127,016
551,189 607, 895
63,188
952,418
196,832
755, 586
4, 357
41, 370
273, 207
4,224
4,089
21,350
13,744
90, 47& 121,561
4,113
22,656
143,353
4,731
32, 7C0
181,033
5,012
35, 330
195,626
5,332
39,871
207,671
4, 450
37,656
193, 589
4,700
36, 335
217, 587
4,648
37,839
220,598
4,769
7,416
41,676
50,631
278, 725 236,182
4,878
45, 285
290,963
31, 574
51, 533
332, 248
6,184
7.716
41, 779
6,277
8,385
46, 273
5,895
7,613
42,711
6,140
8,587
42, 580
7,325
11.754
59,886
9,297
15,911
88,374
9,190
17,115
86,134
10,071
18, 572
89, 715
11,469
18,423
102,079
34, 066 46, 652
65, 530
49,198
275, 241 370, .590
56, 264
74,992
463,600
1,950
154,009
1,915
40,454
1,143
44,379
893
35,875
768
40.908
590
43, 214
478
36,126
366
26,841
415
37,687
815
120, 230
1,039
95, 964
1,684
156,626
384
48, 450
428
54,586
1,566
62,855
357
37,002
265
33,165
240
18,774
237
20,151
262
30,828
180
14, 836
195
23,358
240
27,035
276
23,397
273
32,175
362
41, 229
CONTRACT AWARDS, P E R M I T S , AND
DWELLING UNITS PROVIDED
Value of contracts awarded (F. R. Indexes):
Total, unadjusted
1823-25=100
Residential, unadjusted
..._do
Total, adjusted. _.
_..
__.do...
Residential, adjusted
do
Contract awards, 37 States (F. W. Dodge Corp.):
Total projects..
_
number..
Total valuation.._
thous. of dol_.
Public ownership
do
Private ownership
do..I.
Nonresidential buildings:
Projects
number..
Floor area
_
thous. of sq. ft.
Valuation
thous. of dol..
Residential buildings:
Projects..
_
_
number..
Floor area
thous. of sq. ft_.
Valuation
thous. of dol.
Public works:
Projects
number..
Valuation
thous of dol
Utilities:
Projects
number..
Valuation.
_thous ofdol..
Indexes of building construction (based on building
permits, U. S. Dept. of Labor):}
Number of new dwelling units provided. 1935-39=100.
Permit valuation:
Total building construction .
do.
New residential buildings
do
New nonresidential buildings
dol.I!
Additions, alterations, and repairs
do
Estimated number of new dwelling units in nonfarm
areas (U. S. Dept. of Labor):
Total nonfarm*
number..
Urban, total t
do.
Privately financed, total
1-fanu'ly dwellings
2-family
dwellings...
Multifamily dwellings
Publicly financed, total
Engineering construction:
Contract awards (E. N . R.)§
298
685
821
864
15,
357,
46,
310,
244.9
'78.6
91.8
75.3
84.3
112.4
117.7
111.0
159.2
189.9
319.1
294.0
' 278.0
205. 9
298.8
134.3
182. 5
'83.8
78.9
r 68. 6
' 159.4
96.7
89.6
83.3
147.1
99.0
84.1
88.6
159.1
109.6
91.5
99.3
176.6
152.3
137.5
142.fi
210.8
149.4
143.4
141.7
181.9
172.3
149.5
195. 4
163.8
175.2
187.6
159. 7
187.9
205.9
215.0
190.8
224.9
423.6
407.7
444.3
406.5
235. 6
352. 7
140.7
218.5
' 212. 2
'331.3
' 116.&
' 189.8
64, 924
42, 469
36, 513
31,263
2. 100
3,144
5, 956
22, 300
13. 626
11,988
10,437
5f.O
1,001
1,638
23, 3C0
15.913
12, 956
10,464
982
1,710
2,957
20, 400
13. 059
12,915
11, 206
626
1,083
144
21,800
' 14,655
14.619
12,567
845
207
0
30,1C0
' 19, £55
19,496
16, 582
857
2,057
334
31, 900
- 20, £67
20, 417
17,421
1,069
1,927
450
29, f 00
' 20,036
19, 256
15, 494
1,241
2,521
780
r 43, 912 ' 48, 459
•• 30, 725 r 33, 479
25,918
28,503
21, 786
24,072
1,309
1,792
2,823
2,639
' 4,807
' 4,976
' 83, 641
' 56, 002
50,066
41, 785
2, 683
5,598
' 5,936
' 81, 035
' 53. 860
'44,996
39, 000
2,571
' 3, 425
' 8, 864
' 74, 257
' 48, 216
' 43, 583
' 35, 824
' 3, 267
' 4, 492
' 4,633
thous. of doL. 555, 469 190,614
170,984
213,960
235,155
239,436
315,709
238,009
348, 277
383,981
536,190
560, 244
IZIIIdoIIII
do
__.do.
I.IIdol. >.
do
248,025
HIGHWAY CONSTRUCTION
Concrete pavement contract awards:!
Total
thous. of sq. yd_.
4,197
2,071
4, Mb
2,092
1,981
1,563
1,187
2,130
1,641
3,903
1,819
2,906
5,152
Airports—
„
do.
2,901
1,123
747
248
25
58
65
209
242
416
43
70
99
Roads
do.
554
592
1,087
1,121
2, 735
703
734
1,829
946
2.510
1,475
2,211
3,355
Streets and alleys
do
743
1,103
1,030
418
237
708
428
486
'978
626
301
1,698
v Preliminary. ' Revised. § Data for August and November 1945 and January and May 1946 are for 5 weeks: other months, 4 weeks.
X Data published currently and in earlier issues of the Survey cover 4- and 5-week periods except that December figures include awards through Dec. 31 and January figures begin
Jan. 1: beginning 1939 the weekly data are combined on the basis of weeks ended on Saturday within the months unless a week ends on the 1st and 2d of the month when it is
included in figures for the preceding month (exceptions were made in the case of weeks ended Apr. 3. 1913, and Feb. 3. 1915, which were included in the preceding month).
^ Revised 1942-43 data for urban dwelling units are available on request. Data for publicly financed units, shown separately beginning in the May 1946 issue of the Survey,
were formerlyincluded in thel-family classification; they have not been reported by type of dwelling since April 1943 but have been almost entirely 1-family since that date. These
data and the indexes of building construction above, based on permits issued or Federal contracts awarded durine the month, prior to 1945, are considered a measure of construction
started during the month; in recent months critical shortages of building materials and limiting orders have caused considerable delays in the start of construction, or, in some cases,
abandonment of the work; the data since the beginning of 1945 should therefore be considered as volume of construction for which permits were issued or contracts awarded rather
than volume started during the month.
? *New series. Estimates of total nonfarm dwelling units include data for urban dwelling units given above and data for rural nonfarra dwelling units which are not shown separately: monthly estimates are now available corresponding to the quarterly estimates shown in the November 1942 to October 1945 issues of the Survey; the monthly figures beginning
January 1939 and annual totals for 1920-38 will be published later. The data on new construction activity since the beginning of 1944 are joint, estimate? of the 17. S. Departments
of Commerce and Labor; several of the component series have been revised recently, the revisions extending in some cases back to 1929; data beginning May 1945 were revised in the
July 1946 Survey; monthly data for Janunry 1939-April 1945 and annual estimates for 1915-38 are available upon request.
tRevised series. The index of purchasing power of the dollar based on prices received by farmers has been shown on a revised basis beginning in the April 1944 Survey. The
indexes of building construction have been revised for January 1940 to October 1944; revisions are available on request; see also note marked " J " concerning recent data.
S-6
SURVEY OF CURRENT BUSINESS
I'nlws other-wipe stated, statistics through 1941
until descriptive notes may be found isa the
1942 Supplement to the Survey
June
1946
August 1946
1945
1946
Novem- December
ber
October
July
June
January
February
March
April j May
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES
Aberthaw (industrial building)
1914«=10G_
American Appraisal Co.:
Average, 30 cities
1913=100__
Atlanta
do
New York
_ do
San Francisco
do
St. Louis
do , „ .
Associated General Contractors (all types) ._ ._ do ._.
E. H. Boeckh and Associates, Inc.:
Apartments, hotels, and office buildings:
Brick and concrete:
Atlanta .
U. 8. average, 1926-29*100..
New York . _.
do
San Francisco
do
St. Louis
__
do
Commercial and factory buildings:
Brick and concrete:
Atlanta
_ - - _ - _ ..
do
^ew York
-. -do
San Francisco
- - __
do
ft Louis
do ._.
Brick and steel:
Atlanta
._
do
New York
-do
San Francisco
- do --.
St Louis
do._~Residences:
Brick
Atlanta
-do . . .
New York
do.»_San Francisco
____.
do
8t Louis
do
Frame:
Atlanta
do
New York
_
do
San Francisco
do
St. Louis
do
Engineering News Record:
Building cost*
.
1913«=100.Construction (all types)
-- do
Federal Home Loan Bank Administration:
Standard 6-room frame house:t
Combined index
„
1935-39"=100-.
Materials
do
Labor
do
232
270
232
317
337
324
294
309
252.0
269
275
271
243
259
229.4
270
276
271
244
266
230.0
271
276
272
245
268
230.0
272
279
272
245
270
231.0
276
285
275
248
275
232.5
278
287
275
248
275
238.0
282
292
280
248
278
239.0
283
293
280
249
278
241.0
286
303
281
261
280
245. 0
294
314
298
273
288
247 0
303
325
313
279
°96
247 0
310
332
318
283
300
249 0
123.6
156.6
145.0
147.6
123.6
156.4
145.0
147.6
123. 6
157.1
145.0
147.6
124.8
157.9
145.0
149.1
124.8
159.2
145.7
149.6
125.1
159.4
145.9
149.9
127.4
169.8
146.7
150.8
130.4
169.8
149.2
150.8
133.6
172.1
151.8
151.1
131. 3
172.9
153 8
152.7
133. 2
177.4
155 7
154.3
133. 5
177.9
156 2
159 9
123.0
158.1
147.2
149.8
123.0
157.9
147.2
149.8
123.0
158.6
147.2
149.8
124.2
159.4
147.2
150.9
124.2
160.6
147.6
151.3
124.4
160.7
147.7
151.5
127.3
170.4
148.3
152.6
128.9
170.4
151.1
152.6
129.3
172.9
151.8
152.8
129. 5
173.5
154. 6
155.0
131.0
179.3
156.5
155.8
131.2
179 7
156.9
163 8
123.8
155.5
147.9
145.7
123.8
155.0
147.9
145.7
123.8
155.7
147.9
145.7
124.0
156.7
147.9
148.0
124.0
158.1
148.6
148.4
124.4
158.2
148.7
148.8
127.0
167.0
149.3
149.5
128.9
167.0
150.3
149.5
129.3
169.0
152.3
149.9
130.1
169.6
154. 5
152.1
131.3
174.7
156. 2
153.1
131.5
175.1
156 6
159 5
132.4
160.1
146.3
153.8
132.4
160.1
146.3
153.8
132.4
161.1
146.3
153.8
134.1
162.6
146.3
154.8
134.1
164.5
147.3
155.2
135. 5
165.1
148.0
156.6
137.9
173.1
148.6
157.7
140.8
173.1
150.6
157.7
141.2
174.9
154.0
158.8
141.2
175.5
155.3
159.5
144.7
180.3
157.6
162.2
144.9
180.7
158.0
165.8
134.4
161.7
144.4
154.9
134.4
161.7
144.4
154.9
134.4
162.3
144.4
154.9
135.3
163.0
144.4
155.4
135. 3
164.1
144.9
155.8
137.1
165.0
145.8
157.6
138.4
173.7
146.4
158.3
142.6
173.7
147.7
158.3
143.0
175.6
153.0
159.5
143.0
176.2
153. 7
159.8
147.2
180.6
156.1
163.0
147.4
181.0
156.5
165.0
266.1
353. 9
239.6
309.0
239.9
309.1
240.0
309.3
240.4
309.3
240.6
309.3
240.8
313.5
242.2
316.3
243.9
319.5
245.4
323.8
254.4
334,6
257.3
339.7
264.2
347.9
145.6
141.6
153.6
137.0
133.5
143.9
137.2
133.8
144.0
137.4
133.9
144.4
138.0
134.1
145.9
138.4
134.6
146.1
139.0
135.0
147.1
139.2
135.2
147.3
139.6
135.5
147.8
' 140. 3
' 136.3
148.3
141.0
••137.1
148.8
142.1
138.0
150.3
143.5
139.2
152.3
23,667
6,401
35,102
6,436
32, 710
6,468
32, 598
6,499
38,722
6,538
34, 543
6, 569
42,377
6,603
45, 513
6,639
46,113
6,679
464,157
555,893
560,180
527,424
634,117
618, 763
765,973
887, 266
964,438
162, 433
196,379
198,159
187,710
216,842
225, 519
300,163
r
16,375
113,103
16,786
3,980
12,189
23,985
135,224
18,751
4,857
13, 562
24,481
135,685
19,411
4,487
14,095
22,922
129, 557
17,848
3,958
13,425
30,807
145, 342
21, 372
3,803
15, 518
30,866
154, 219
19,801
4,217
16, 416
45,391
202, 995
24, 244
6,198
21,335
100
87
97
195
174
165
153
156
173
908
8.5
32, 447
887
8.2
34,470
869
9.0
37, 393
852
7.9
49,478
831
8.8
49,808
813
7.8
51, 759
794
8.3
53,252
773
7.5
52,153
753
7.1
46,094
248
258
REAL ESTATE
Fed. Hoiu. Admn.t home mortgage insurance:
28,761
29,236
38,703
Gross mortgages accepted fo? insurance.thous. of dol.
(0
6,372
6,339
6,271
6,302
Premium-paying mortgages (cumulative).mil. of doL.
Estimated total nonfarm mortgages recorded ($20,000
and under)*
... „
thous. ofdol. 917,414 487,041 469,269 489,389
Estimated new mortgage loans by all savings and loan
associations, total
thous. ofdol.. 325,997 167, 311 160,399 173,663
Classified according to purpose:
Mortgage loans on homes:
20,730
17, 658
56, 297
17, 567
Construction
do
Home purchase
- - do _. 218. 575 116,798 112,761 120, 557
22, 402
17,146
15, 622
17,147
Refinancing
_
. . . __do
3,971
3,351
6,625
3,364
Repair* and reconditioning
___ do __
11, 259
22,098
11,007
12, 435
Loan" for all other purposes
.
do _.
Loans outstanding of ag< ncies under the Federal Home
Loan Bank Administration:
Federal Savings and Loan Associations, estimated
2,886
mortgages outstanding^
mil. ofdol..
2,165
Federal Home Loan Banks, outstanding advances to
112
member institutions
mil. ofdol.
203
132
122
Home Owners' Loan Corporation, balance of loans
925
735
945
965
outstanding
- mil. ofdoL.
Foreclosures, nonfarm, index, adjustedt~ 1935-39=100..
Fire losses
,
thous. of dol..
6.7
44, 240
10.0
34,099
8.3
34, 054
8.9
34,096
2,382
2,255
361, 298
342,999
JF
62,189
53, 202
235,877 243,458
24,882
24,451
6,954
6,766
22, 242
24, 246
2,572
DOMESTIC TRADE
ADVERTISING
!
f
f
Advertising indexes, adjusted:t
144.1
151.7
141. 3
131.0
144.9
149.1
139.4
157.7
Printers' Ink, combined index
1935-39-=100.
151.9
152.6
151. 6
185.3
173.4
180.4
158.6
170.6
192. 2
201.9
177.6
Farm papers
.
_do.._
161.5
159.6
156.2
189.5
214.0
200.3
170.6
205. 5
193.2
207.4
203.8
191.3
Magaiines
_«__.._
do
176.2
173.1
172. 5
110.7
117.7
111.5
100.3
111.0
118.4
105.3
127.2
127.2
124.5
Newspapers....
do
122.8
125 9
175.1
158.7
153.3
156. 7
154.7
202.0
218.1
222.6
Outdoor--.
.
do
167.2
189.8
216.7
321.1
317. 0
268, 2
301.6
315.1
283.3
273.7
279.8
Radio
..
do
298.5
273.8
294.1
171.8
179.8
162.9
147.2
165. 8
1C8.4
162.5
183.0
Tide, combined Index*
do
164.5
175.0
Radio advertising:
t f >
15, £07
15,217 14,762 14, 521 15,317
16,989
Cost of facilities, total
thous. ofdol
16,776 17,179
17,449
17, 273
16,442
15, 758
616
501
711
645
'771
779
Automobiles and accessories
.
_do
788
884
928
922
807
815
128
211
176
125
208
Clothing.
_
do
214
224
175
1£6
257
209
190
210
296
197
218
314
Electrical household equipment
do
266
351
301
316
363
325
261
308
263
229
376
Financial...
...—
do.—
327
308
287
305
321
293
343
3,933
4,079
4,092
3,934
4,173
Foods, food beverages, confections
...... do
4,420
4,473
4,502
4,312
4,102
4,546
4,483
' Revised. JMinor revisions for January 1939-July 1942 are available on request, i Discontinued.
•New series. For a description of the, scries on nonfarm mortgages recorded and data for January 1939 to September 1942 see p. S-5 of the November 1942 Survey. For a brief
description of the Tide index of advertising see note marked "*" on p. S-6 of the April 1946 Survey; data beginning 1936 are available on request. The Engineering News Record
index of building cost is computed in the same manner as the construction cost index which is described in the 1942 Supplement to the Survey, except that skilled labor is substituted
for common labor; data beginning 1913 will hr. shown later.
tRevised series. The index of nonfarm foreclosures has been revised for 1940 and 1941; revisions are shown on p. S-6 of the May 1943 Survey. Indexes of advertising from Printers'
Ink have been published on a revised basis beginning in the April 1944 Survey; revised data beginning 1914 will be published later. The indexes of cost of the standard 6-room frame
bouse
are shown on a revised basis beginning in the April 1946 Survey; see note in that issue; revisions beginning 1936 will be shown later.
SURVEY OF CURRENT BUSINESS
Aim-list 1040
Ualess otherwise stated, statistic© through 1941
ami descriptive notes may be found in tlte
1942 Supplement to the Survey
1946
l<>45
June
September
June
July
August
1946
October
Novem- December
ber
January
February
|
j
March j April
May
I
i
DOMESTIC TRADE—Continued
ADVERTISING—Continued
Radio advertising—Continued.
Cost of facilities—Continued.
Gasoline and oil
thous ofdolHousefurnishings, etc
..do—
Soap, cleansers, etc
do „
Smoking materials
- d o Toilet goods, medical supplies
do
All other
do...
Magazine advertising:
Cost total
do
Automobiles and accessories
do
Clothing
do
Electric household equipment
do
Financial
do
Foods, food beverages, confections
do
Gasoline and oil
do
Housefurnishings, etc
do
Soap, cleansers, etc
do
Office furnishings and supolies
do
Smoking materials
do
Toilet goods medical supplies
do
dn
All other
Lineage, total
thous. of lines. _
Newspaper advertising:
Lineage, total (52 cities)
do _
Classified
do
Displav, total
_
do
Automotive
..do—
Financial
General .... . _
. . . do .
Retail
do
505
163
1,394
1,268
4,882
1, 755
562
162
1, 059
1, 363
4,859
1,774
604
148
1,147
1,296
4,539
1,877
571
148
1,185
1,235
4,495
1,839
584
164
1,192
1,259
4,747
1,976
610
149
1, 347
1. 337
5, 462
1,994
592
166
1,306
1,273
5,318
2,076
694
171
1,273
1,322
5, 513
2,102
650
164
1,472
1,342
5,660
1,921
620
149
1, 319
1,211
4,920
1,796
696
170
1,402
1, 328
5,374
2,001
537
153
1,445
1, 270
5,145
1, 728
17?
1, 482
],31C
5, 300
1,688
3,757
23 956
2,041
1,544
826
441
3,056
523
1,344
554
405
662
4,280
8,281
3,315
20 335
2,005
706
576
355
3,277
481
569
407
306
660
3,736
7,257
3,528
22 028
2,124
1,732
699
408
2,822
471
806
463
347
635
3,645
7,876
4,124
28 701
2,397
2,970
886
506
3, 605
561
1, 630
497
639
829
4, 431
9,750
4,745
31 649
2, 683
3,026
1,135
622
3,962
430
1,969
520
674
1,061
5,315
10, 251
5,094
30, 597
2, 344
2,579
1,187
524
3,944
436
1,761
554
617
1,031
5,197
10, 423
4,804
30,446
2, 456
2,125
1,136
528
4,008
339
1,690
442
637
1.104
4,930
11,050
4,037
21,404
1,547
1,612
469
488
3,124
233
935
371
326
836
3,507
7,953
4,139
26, 403
1,416
2,336
783
588
3,983
'306
1,227
606
486
805
4,889
8,976
4,604
31 752
1,445
3,499
797
624
4,472
'346
1,964
765
657
929
5,330
' 10,924
4,910
33, 610
1,522
3. 645
893
647
4,416
524
2,105
702
695
870
5, 624
11,973
4,775
31,993
1,771
3, 27(,
,85.r
583
3, 893
559
2, 420
655
618
754
5, 154
11,453
4,271
137, 718
34, 502
103. 216
3,714
2,138
21, 371
75,993
107,532
26, 338
81,194
2,231
1,466
18,973
58, 524
101,832
26, 629
75, 203
2,378
2,223
17, 776
52,826
110,942
27, 525
83,417
2,580
1, 581
18, 006
61, 251
121,094
27,921
93,173
3,033
1,726
21,890
66, 524
136, 950
29, 626
107, 323
3,947
2,272
26,032
75,072
140, 761
28,120
112,641
5,363
2,003
26, 022
79,253
130, 756
26, 321
104, 435
3,904
1,999
21, 304
77,228
115, 746
28,648
87, 098
2,855
2,741
18,916
62, 585
121,177
29, 677
91,499
2,092
2,076
21,057
66, 274
146, 539
36,097
110,442
2,784
2, 365
23,083
82,210
144, 013
35,147
108, 866
3,427
2,388
21,934
81,117
143, 691
35,148
108, 54S
3,475'
2,159
22,31/;
80. 59.?
85.1
87.9
88.8
89.4
90.4
90.4
91.1
89.8
88.6
88.4
87.5
87.1
thoiisands
.thous. of dol..
5,371
147, 207
6,113
199, 536
5,847
196,041
4,383
171,036
5,956
214,157
5,612
180,573
6,292
143,954
5,111
143, 366
5, 571
123,104
5, 559
135, 593
5,518
120, 882
4, 721'
105, 671
thoiisands
thous of dol
13, 409
216, 969
12,142
202,383
12,161
209,346
11,606
195, 669
13, 482
218,155
13, 562
223,874
12,926
206, 329
14,925
224, 455
12,954
187, 773
15, 473
233,141
15.094
208, 273
14,154
190, 934
GOODS IN WAREHOUSES
Space occupied in public-merchandise warehous es §
percent c ftotal..
POSTAL BUSINESS
Money orders:
Domestic, issued (50 cities):
Number
Value
Domestic, paid (50 cities):
Number
Value
CONSUMER EXPENDITURES
Estimated expenditures for goods and services:*
Total
mills of dol
Goods
do
do
' "Services (including gifts)
Indexes:
Unadjusted, total
...1935-39-100..
Goods
fin
An
Services (including gifts)
Adjusted, total
do
Goods
fin
Services (including gifts)
do
30,165
21 610
8, 555
25,480
17,175
8,305
26, 260
17, 930
8,330
30,056
21, 775
8,281
' 28, 077
'19,515
8,562
205.2
230.8
160.3
203.2
227 7
160.2
173.3
183.5
155.6
172.8
182.7
155.5
178.7
191.5
156.1
180.2
193.4
156 9
204.5
232. 6
155.2
191.6
212.4
155.2
' 191.0
' 208. 5
160. 4
' 205. 3
' 231. 6
159.1
RETAIL TRADE
All retail storesrf
6,695
7,473
7,124
7,181
8,489
6,430
5,985
6,320
6,398
6,304
Estimated sales, total
mill of d o l . .
7,707
' 7,926
7, 702
1,161
1,315
1,108
1, 267
946
1,138
1,060
940
921
965
Durable goods store
do
1 430
1 544
r \ 608
377
344
326
357
321
327
277
290
286
Automotive group
. . . do . . .
283
'454
' 577
552
246
261
194
219
205
222
193
236
187
194
Motor vehicles
do
'452
333
426
121
111
96
93
108
116
Parts and accessories
..do
98
' 12.r
108
121
89
89
126
381
475
359
401
401
381
363
440
354
368
Building materials and hardware
do
' 540
525
516
248
262
244
295
222
210
216
Building materials
..do
215
'325
228
284
322
312
41
45
36
40
38
50
40
38
46
47
Farm implements . _
do
'63
58
57
97
112
99
129
130
100
112
104
Hardware.__
..do
145
98
147
98
152
273
284
334
283
306
361
218
224
219
232
'392
do
Homefurnishings group
362
375
233
165
171
223
265
196
210
248
184
Furniture and housefurnishings
..do
268
' 28(
168
270
74
96
77
73
53
53
86
60
51
49
* 10Z
do .
95
Household appliance and radio
105
73
246
72
72
Jewelrv stores . . .
..do
110
77
74
9f'
82
88
101
82
89
6,020
7,174
5, 587
5,370
6,206
5,381
5,452
5,986
5,064
5,339
' 6, 318
do
6,277
Nondurable goods stores
6,158
986
576
566
760
056
604
814
Apparel group
do
781
552
784
484
' 713
725
129
125
164
150
207
208
275
110
105
do .
148
Men's clothing and furnishings
' 17o
193
184
421
274
275
355
340
382
223
266
308
269
Women's apparel and accessories
do
'32t
375
312
153
83
75
69
77
92
113
114
98
Family and other apparel
do
86
107
99
'95
100
106
137
90
90
87
118
116
108
139
Shoes-.
130
101
_.do
262
242
255
256
375
274
283
245
244
'291+
245
284
Drug stores
295
do
975
943
953
968
951
880
989
988
922
967
Eating and drinking places
923
' 1, 018
do
1,006
1,769
1,996
1,823
1,713
1,724
1,915
1,749
1,780
1, 669
Food group
1,710
1,880
. do .
1,916
' 1, 978
1,527
1,297
1,375
1, 355
1, 456
1,319
1,298
1,349
' 1, 492
1,268
1,408
1,302
Grocery and combination
_. _
1, 450
..do
414
469
448
416
459
425
431
'486
430
472
401
408
Other food
do
466
278
270
282
276
296
290
296
300
268
' 312
254
306
297
..do....
Filling stations...
.
.
vPreliminary.
' Revised. § See note marked " § " on p. S-6 of the April 1943 Survey in regard to enlargement of the reporting sample in August 1942.
iled quarterly only (data are
*New series. The series on consumer expenditures, originally published on a monthly basis in the October 1942 Survey (pp. 8-14), are now compiled
quarterly totals) 1
of the April 1944 Su
January 1946 Survey and earlier issues owing t . .
. .
.
note to the table on p. 8 of the February 1946 Survey); indexes beginning 1939, both including and excluding expenditures of military personnel abroad, are available on request.
Revised figures for first quarter of 1945: Amount (millions of dollars)—Total, 24,652; goods, 16,425; services, 8,227; indexes, unadjusted—total, 167.7; goods, 175.5; services, 154.2; adjusted—total, 178.4; goods, 193.0; services, 152.V.
tRevised series. For revised data (dollar figures and indexes) on sales of retail stores for January 1943 to June 1944, and earlier revisions for a number of series, see table on pp.
19 and 20 of the September 1945 Survey (corrections for p. 19: March 1944 indexes—building materials and hardware stores, 143.6; jewelry stores, 460.7; June 1944 index for apparel
stores, 201.0; 1940 dollar figures, all retail stores—January, 3,198; February, 3,108); except as given in this table, data for 1929, 1933, and 1935-42 are correct as published on pp. 7 and
11-14 of the November 1943 Survey. Data have been revised beginning January 1945, largely to adjust the estimates to sales tax data for 1945; revisions for January-April 1945 art
Digitized
:3hownfor
onFRASER
p. 24 of this issue (data beginning May 1945 were revised in the July 1946 issue).
S-8
SURVEY OF CUEEENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
June
1946
August 1046
1945
June
July
August
September
1946
October
Novem- December
ber
January
February
March
April
May
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
All retail stores—Continued.
Estimated sales—Continued
Nondurable goods stores—Continued
904
792
846
General merchandise group
mil. of dol.1,19 *
1,138
919
1,105
874
1, 577
899
1,118
1,193
563
521
Department, including mail order
__-do : --471
810
1,017
566
791
748
588
734
588
754
General, including general merchandise with
119
114
116
136
117
128
food
mil. of doL130
152
111
110
128
140
100
94
119
91
100
115
Other general mdse. and dry goods
do
120
173
92
90
110
119
122
116
134
113
115
129
137
235
104
Variety
.
do
110
125
144
699
724
771
687
685
778
790
693
793
779
Other retail stores
do
842
841
205
212
203
191
204
209
208
198
203
207
Feed and farm supply
do
238
250
124
137
92
123
128
144
128
168
195
178
Fuel and ice
do
151
118
129
142
148
136
126
148
159
225
135
137
149
Liquors
do
153
242
232
328
237
227
277
294
402
2C0
258
302
Other
do
321
Indexes of sales:
192.4
187.8
190.5
241.3
203.7
215.0
227.2
215.2
260.1
206.5
Unadjusted, combined index
1935-39=100-225.9
240.2
120.5
118.0
113.3
198. 8
125.5
137.2
149.8
143.2
168.1
137.6
Durable goods stores
...do
157.2
179.0
215.8
210.5
215.7
255.1
229.2
240.3
252.4
238.7
290.1
228.9
Nondurable goods stores
do
248.3
260.2
189.6
198.4
196.2
237.7
195.2
207.8
220.1
243.3
216.8
237.6
Adjusted, combined index
--do
241.6
236.2
134. 9
140.8
139.7
161.9
139.4
148.4
156.5
172.6
153. 6
168.3
Index eliminating price changes
do—
170.1
164. 7
113.8
119.7
114.7
188.4
121.7
132.2
142.5
172.0
141.1
166.1
173.5
Durable goods stores
do—
180.2
61.8
61.8
63.7
122.6
67.5
74.9
80.7
87.7
72.9
88.5
89.6
Automotive
do
108.0
160.9
169. 9
165. 8
235.7
169.9
182.2
190.2
262.1
199.8
247.4
257.8
Building materials and hardware
-_..do.--.
246.3
170.8
180.8
158.8
288.2
179.5
197.5
223.9
260.0
225.2
248.0
265. 7
Homef urnishings
do—
260.7
372.6
334. 5
397.4
346.6
354.4
375.5
412.3
379.1
394.7
314. 5
429.2
Jewelry
do—
445.4
224.0
222.8
253. 8
219.2
232.5
245.4
266.6
241. 5
260.9
214.3
263.8
Nondurable goods stores
—
do—
254. 4
261. 3
262.1
287.9
238.9
260.9
279.7
317.7
251.1
289.3
231.6
320.8
Apparel
-do—
284.5
202.3
200.1
250. 2
201.6
213.3
224.4
243.2
249.5
240.6
206.1
242.8
Drug
do—
246.3
348.8
347.1
391.1
353. 8
376.8
397. 6
415.8
376.6
418.9
358.6
401.0
Eating and drinking places
do—
389.1
212.2
216. 3
238.1
214.7
226.1
235.6
246.4
240.8
252.0
206.7
244.6
Food
__-do—
245. 3
118.4
124.4
137. 4
130.8
135.3
134.9
164.5
140.2
164.9
111.9
155.4
Filling stations
...-do—
144.2
190.7
180.0
233.1
177.1
188.0
200.0
225.0
191.6209.4
178.3
232.6
222.1
General merchandise
do—
258. 5
254. 4
268.2
243.4
256 9
278.7
303.2
276.0
292.2
235.0
288.1
275.4
O ther retail stores
do
6, 363
6,653
6,991
6, 722
6,788
6,826
6,229
5,825
5,974
6, 547
6,542 r 6, 771
Estimated inventories, total*
mil. of doL.
1,824
1,878
2,122
1,969
1,935
1,892
1,864
1, 620
1,714
1,891
2,016 r 2, 039
Durable goods stores*
do—
4,539
4,775
4,869
4,753
4,853
4,934
4,365
4,205
4,260
4,656
4,526 r 4, 732
Nondurable goods stores*
do—
Chain stores and mail-order houses:
1,656
1,225
1,267
1,319
1,328
1,516
1,557
Sales, estimated, total*
do—
1,911
1,415
1,375
1,651
1,679
44
28
30
28
27
30
33
Automotive parts and accessories*..
..do—
41
35
32
38
41
64
50
54
58
53
70
59
Building materials*
do—
43
55
52
58
64
21
13
13
14
14
20
21
Furniture and housefurnishings*
do—
25
15
17
20
21
225
146
154
175
191
Apparel group*
__.do
161
162
210
211
265
228
250
36
17
17
26
29
Men's wear*
...do—
25
24
40
36
41
34
38
76
82
86
107
96
81
83
102
Women's wear*
do—
101
133
121
123
42
45
49
64
51
41
43
50
Shoes*
...do.--.
56
69
53
68
57
56
55
68
57
62
61
60
. Drug*
do—
61
91
65
65
44
45
44
48
43
48
44
48
Eating and drinking*
..do—
46
49
50
48
369
375
390
394
479
464
442
Grocery and combination*
do—
426
447
511
504
467
313
324
345
340
446
339
337
General merchandise group*
do—
422
445
601
439
465
Department, dry goods, and general merchan259
173
180
dise*
mil. of doL187
234
196
245
324
175
176
237
254
61
33
35
42
Mail-order (catalog sales) *
do.
39
67
73
59
63
65
84
77
116
100
99
106
112
119
Variety*
do.
95
203
90
108
124
Indexes of sales:
221.6
164. 9
167.4
179.5
171.9
198.4
212.4
250.2
Unadjusted, combined index*
1935-39=100-198.0
189.6
213.3
226.4
219.4
178.4
180.9
175.3
170.2
188.5
201.9
198.1
Adjusted, combined index*
do
225.8
223.4
230.8
218.0
217.8
145.4
142.9
156.8
127.0
167.2
191.2
207.0
Automotive parts and accessories*
do —
224.4
227.0
240.0
229.7
228.3
174.5
183.0
174.5
180.8
198.8
202.3
195.4
Building materials*
do
270.1
243.8
251.1
239.5
223.0
114.7
143. 5
132. 7
144. 0
151.0
165.3
166.1
Furniture and housefurnishings*
do—
206.0
182.3
204.4
193.9
272.3
253. 9
241.8
223. 6
223. 4
247.0
263, 0
234.6
Apparel group*
do
315.4
298.6
328.2
272.9
237.9
188.8
182.3
200.0
182.0
245.3
224. 4
187.9
Men's wear*
do
241.1
215.0
264.6
231.2
366.2
332.4
319.6
311.6
315. 3
' 332.8
339.0
305. 6
Women's wear*
do
414.8
399. 2
471.8
380.3
196.9
214.1
197.1
148.9
152. 9
161.3
212.1
If 0. 8
Shoes*
do.-..
258.6
245. 0
219.2
186.8
229.6
189.9
193. 2
187.3
190.9
195.2
206.5
228.1
Drug*
do—
220.0
211.5
216.1
221.1
216.0
193. 8
195. 4
185.1
194.4
192.6
196.2
185.5
Eating and drinking*
do—
2uy. b
209.8
208. 4
206.6
213.3
175.9
177.1
179.8
168. 9
193. 7
206.9
214.6
Grocery and combination*
do
217.9
222.9
217.4
213.2
224. 8
172.6
181.3
166.4
165.1
179.7
194.6
179.8
General merchandise group*
do—
222.3
222.3
241.5
222.2
Department, dry goods, and general merchan2G2. 5
206.9
182.7
199. 2
189.0
203. 5
dise*
1935-39=100..
224.8
251.1
207.2
254, 2
272.6
251.0
196. 7
127.8
110.9
118.3
119.8
128.4
Mail-order*
do.
149.4
222.8
208.0
127.9
243.4
212.9
183.0
164.3
170.5
155.7
162.0
169.6
Variety *
do.
172.2
180.1
177.3
163.8
193.5
181.8
Department stores:
Accounts receivable:
46
32
32
33
36
41
Instalment accounts!
1941 average=100_45
48
43
43
45
133
O pen accounts §
do 113
76
145
108
100
114
126
85
Ratio of collections to accounts receivable:
33
33
31
32
35
40
Instalment accounts §
_-.
percent.40
36
32
31
' 35
35
60
62
63
64
63
66
Open accounts §
do . . .
67
61
61
60
63
64
253
163
186
168
209
230
Sales, unadjusted, total U. S.f
1935-39=100-352
179
273
207
255
238
307
225
233
279
307
244
466
246
348
336
292
315
Atlantat
do.
127
165
215
176
196
125
323
147
223
225
156
Bostont—..
.--do197
154
178
197
213
245
158
320
167
242
254
Chicagof
do.
193
226
161
187
199
224
257
338
167
165
253
Clevelandf
do.
264
194
237
228
228
292
318
313
467
248
237
335
352
299
316
Dallast
do192
200
239
253
366
199
273
201
P266
286
238
255
Kansas Cityf
,
do149
172
207
210
305
158
235
160
241
243
183
223
Minnpapolisf
do.
118
155
171
196
307
155
219
120
222
235
174
206
137
167
178
208
New Yorkf
do.
328
158
228
136
229
255
174
219
181
207
239
271
399
197
Philadelphiaf
do.
281
194
206
319
227
264
185
198
234
255
365
192
Richmondt
do.
281
194
274
303
236
264
211
215
243
254
407
214
287
St. Louist
do.
210
v 289
320
253
258
San
Francisco
do.
' Revised. §Minor revisions in the figures prior to November 1941 are available on request, v Preliminary.
*New series. Revised 1940-43 dollar figures and indexes for total chain store sales and furniture and house furnishings, 1942-43 indexes for all series in the general merchandise group
except mail-order, and scattered revisions in the 1942 or 1943 data for a few other series are available on p. 20 of the September 1945 Survey. Except as given on that page, data for 1929,
1933, and 1935 to March 1943 are correct as published on pp. 15 to 17 of the February 1944 Survey. Data for grocery and combination stores and the total (dollar figures and indexes)
have been revised beginning January 1945; revisions for January-April 1945 will be shown later. Data beginning 1939 for the estimates of retail inventories will be published later;
•iata shown in the Survey beginning with the June 1944 issue are comparable with estimates published currently.
tRevised series. See note marked " t " on p. S-7 for sources of data through June 1944 for pairs of all retail stores; data have been revised beginning January 1945; revisions for January-April 1945 ars shown on p. 24. The indexes of department store sales for the United States and the indicated districts have been revised for all years. The revised Boston
index is from the Board of Governors of the Federal Reserve System. Revised data beginning 1919 or 1923 for the United States, Dallas, and Richmond are published, respectively,
on p. 17 of December 1944 Survey, p. 20 of February 1944, and p. 22 of June 1944 issue (further revisions in the 1943-44 data for Richmond and the 1942-43 data for the United States
are in footnotes on p. S-8 of the March 1946 and April 1946 issues). Complete data for other districts will be published later (see also note in April 1946 issue regarding recent revisions
in the New York and St. Louis indexes). The adjusted index for Kansas City has recently been revised beginning 1938
SURVEY OF CUERENT BUSINESS
August 194G
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
S-9
1946
1945
1946
June
June
July
August
September
October
November
December
January
**£»•
March
April
May
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued.
Department stores—Continued.
Sales, adjusted, total U. S.f
1935-39=100..
Atlanta!
do.__.
Boston t
do
Chicagofdo
Cleveland f
...
do
Dallast
do....
Kansas Cityf
do
Minneapolis!
—_
do
New Yorkt
do
Philadelphia!
.do....
Richmond!
do
St. Louis!.
_
do
San Francisco
„
do....
Sales by type of credit*
Cash sales.
percent of total sales..
Charge account sales
_.do._.
Instalment sales,
_
do_-_
Stocks, total U. 8., end of month:!
Unadjusted
1935-39-100..
Adjusted
_
.do
Other stores, ratio nf collections to accounts receivable,
instalment accounts:*
Furniture stores.
.
____
percent..
Household appliance stores..
_
do
Jewelry stores
do
Mail-order and store sales:
Total sales, 2 companies
._„
thous. of dol.
Montgomery Ward & C o . . .
do
Bears, Roebuck & Co
do
Rural sales of general merchandise:
Total U. 8., unadjusted
1929-31 = 100.
East
.do___.
South
....do
Middle West
do..,.
Far West.do
Total U. 8., adjusted..
do_...
East__
do
South
.
do
Middle West
do...
Far West
_
do...
P315
202
277
177
184
197
268
218
181
169
••186
235
220
••235
218
300
183
197
220
300
226
184
177
198
252
237
255
200
274
166
189
189
272
216
178
165
175
236
225
231
200
268
167
193
187
278
239
191
161
175
225
232
232
213
292
177
199
209
289
241
ISO
172
184
248
238
245
225
298
183
208
220
288
238
203
182
202
251
240
'273
216
288
188
206
211
287
244
199
179
184
237
239
256
228
308
186
209
214
306
249
212
194
206
262
234
269
254
339
200
241
242
339
261
236
210
221
283
281
300
263
335
229
243
271
336
275
246
232
244
294
286
297
250
317
210
237
236
352
273
224
219
224
276
267
291
••256
319
213
234
245
342
289
''252
226
232
276
277
'305
59
37
4
63
34
3
66
31
3
65
31
4
63
33
4
63
33
4
62
34
4
64
32
4
64
32
4
61
35
4
59
37
4
59
37
4
59
37
4
p 205
*>210
175
179
175
176
182
169
184
166
185
164
179
165
136
158
146
167
158
171
172
176
188
189
200
200
26
54
34
23
43
33
24
42
31
23
48
31
23
49
30
27
52
31
27
51
35
24
48
46
25
52
32
24
51
29
27
53
32
28
56
32
'27
'55
33
201,876
75, 428
126, 548
130,515
50,003
80,513
118.135
47,158
70,977
121,455
48, 687
72,769
136,930
55,174
81, 757
184, 704
77, 295
107,409
196,052
77,013
119,040
218.216
83, 232
134, 984
158,852
53,007
105, 846
150,292
55, 231
95,061
207,055
78, 454
128, 601
209.843
80,073
129, 770
211,418
85, 065
126,353
243.4
236.6
322.4
210.0
294.1
267.2
257.7
401.0
222.4
308.6
159. 6
150.2
216.7
136.4
198.5
175.2
163.6
269.6
144.5
208.3
340.8
121.1
192.2
138.6
188.4
"192.9
170.1
283.0
160.7
229.8
144.0
115.4
194.6
125.8
187.4
176.0
144.8
269.9
152.5
203.5
195.3
168.5
281.3
166.6
230.2
184.7
171.4
254.8
162.5
196.8
246.5
249.6
357. 3
208.7
255.1
189. 7
193.9
241.1
164.3
212.4
275.7
279.3
396.3
230.0
317.2
211.9
216.7
288.7
175.4
261.5
267.8
246.0
370.2
226.0
330.1
167.5
147.7
246.5
144.9
202.2
208.7
209.3
300.4
177.1
220.1
274.2
275. 4
379.8
231.5
299.5
227.1
218.2
348.1
195.3
222.7
280.7
266.7
381.7
245.7
300.9
303.4
313.2
449.1
261.9
280.3
345.5
348.8
497.4
295.6
340.6
283.7
277.0
374.1
243.6
321.7
308.7
290.6
424.6
260.8
360.2
233.8
217.6
311.2
199.4
' 283. 2
254.7
237.1
366.9
210.5
'315.0
4,164
1,239
2, 925
4,498
3,572
886
2, 686
3,844
3,569
834
2,735
3,744
3,584
869
2,715
3,759
3,3f 9
813
2,546
3,898
3.P33
944
2, J*9
4,113
3,889
954
2,935
4,196
3,820
919
2,901
4,275
4,058
987
3,071
4,258
3.786
••966
2,820
4,254
4,055
1,076
2,979
4,375
4,183
1,180
3,003
4,413
' 4, 351
1,234
' 3,117
' 4,458
275
365
232
253
272
368
P289
253
241
254
302
305
WHOLESALE TRADE
Service and limited function wholesalers:*
Estimated sales, total
mil. of dol.
Durable goods establishments.do
Nondurable goods establishments
do
All wholesalers, estimated inventories*
do
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
Armed forces*.
thous..
Estimated civilian labor force (Bureau of the Census):*
Labor force, total
thous.
Male .
do
Female
__ do
Employment
do
Male
„__ do
Female
do
Agricultural
do
Nonagricultural
_
.
do....
Unemployment
do
Employees In nonagricultural establishments:!
Unadjusted (U. B. Department of Labor):
Total
do
Manufacturing
do
Mining.._
do...
Construction
do
Transportation and public utilities..
do...
Trade
._
...do...
Financial, service, and miscellaneous
do
Government
do
Adjusted (Federal Reserve):
Total
-.
do_...
Manufacturing
do
Mining
do
Construction
do
Transportation and public utilities
do
Trade
._
,do
3, CCO
12, 297
12, 3C0
12, ieo
13,880
10, 640
9,180
7,850
6,170
5,210
4,380
3,840
3,430
£9, SCO
42, C30
17,270
£6, 740
40,CS0
16,710
9,180
46, 7C0
2,560
53,140
> 34,380
• 18,760
» 52, C60
' 33,800
' 18,2(0
' 0,090
'42,970
54,350
35, 020
19,330
53,520
34,590
18,930
9,050
44,470
830
52, 900
34, 250
18. 6fO
51,250
33, 320
17,930
8,800
42,450
1,650
53,110
34, 5< 0
18, 520
51,560
33.6(0
17 WO
8. ?0
42. 770
1,550
53,440
35, 280
18,160
51,730
34,100
17,620
8,420
43,310
1,710
53, 310
36,130
17,180
51,3fO
34, 050
16,710
7, ISO
44,170
1,950
53,710
37,550
16,160
51,420
35, 790
15,C30
J 1,080
55, 220
35,140
20, 080
54,270
34,ero
19,610
9,840
44,420
950
54,340
38, 340
16,000
51,690
36, 200
15,490
6,690
44, 700
2,650
55, 660
39, 370
16, 2tO
52,9£0
37,170
15,780
7, £80
45, 370
2,710
56, 900
40,310
16, mo
54,550
38,420
16,130
8,180
46, 360
2, 350
57, 630
40,950
16, 680
55,320
39,060
16, 260
8,880
46, 440
2,310
37, 762
12,771
821
• 37, f£6
14,538
794
845
'3,833
7,004
4, 58<J
6,953
37,273
14,130
784
Pll
3,858
6,975
4,672
5,943
36,984
13,831
784
927
3,8(0
6,979
4, 666
5,937
35, 321
12. 082
784
945
3,831
7,143
4,0)3
6,933
35. 231
11,4 52
718
l,C06
3,825
7,331
4,fi<8
6,701
35, 639
11,970
793
1,014
3,871
7, f 71
4,845
6,575
36, 314
11,910
802
1,042
3,896
7, 959
4, S36
5,769
35,815
12. 038
810
1,132
3,897
7,481
4,984
5,473
35, 374 ' 36, 273
11,401 '12,010
808
801
1,260
1, 345
3,907
' 3,930
7, 505
'7,617
5,031
5,076
5,462
5,494
• 36, 887
• 12, 543
505
'1,517
' 3, 921
7,759
5,140
5,502
37,377
12, 655
'725
' 1, 743
' 3, 876
' 7,690
' 5,140
5,548
• 37,472
14,538
75 8
828
' 3,795
7,039
37,231
14,130
784
868
3,801
7,117
36, F88
13, 762
780
858
3,803
7,121
35,161
12,022
780
883
3,774
7,215
35,029
11,893
35, 338
11,910
789
984
3,871
7,315
35. 605
11,851
798
1, 085
3,916
7,335
36, 333 ' 3 5 , 9 3 8
12,068 ' 11,458
814
812
l,2.?0
1,385
3, 956 ' 3 , 9 8 7
7, 67b ' 7 . 6 9 7
' 37,095
' 12, 606
508
' 1, 597
' 3,941
7,775
• 37,422
• 12, 719
••729
' 1, 709
' 3,876
' 7, 729
3, £19
7, C86
5, ifO
5,481
37, Pf 2
12,771
825
i,ae
3, £80
7,725
1
714
P40
3,806
7,258
6, 7f 0
44, CPO
2,2£0
r
36, 729
' 12,070
801
'1,4(2
' 3, eeo
' 7,757
' Revised.
» Preliminary.
1
N o t c o m p a r a b l e w i t h d a t a b e g i n n i n g J u l y 1945, see n o t e 1 on p . S-9 of t h e April 1946 S u r v e y .
• N e w series. F o r d a t a beginning J u n e 1943 for t h e scries on d e p a r t m e n t store credit, see p. S-9 of A u g u s t 1944 P u r v e y ; d a t a beginning 1941 will b e published later. P a t s beginning F e b r u a r y 1041 for t h e collection ratios for furniture, jewelry, a n d household appliance stores are on p . S-8 of t h e April 1042 S u r v e y ; d a t a back to J a n u a r y 1940 are available o n
request. A n n u a l estimates of wholesale sales beginning 1939 are available on p . 22 of t h e F e b r u a r y 1945 S u r v e y a n d p . 32 of t h e F e b r u a r y 1946 issue a n d m o n t h l y figures beginning
J u n e 1943 are on p . S-9 of t h e August 1944 a n d later issues; for estimates of wholesalers' inventories for 193S-42, see p 7 of t h e J u n e 1942 S u r v e y a n d p . S-2 of t h e M a y 11.43 issue. E s timate? of civilian labor force for 1940-1943 are shown on p . 23 of t h e F e b r u a r y 1945 issue (see n o t e 1 on p . S-9 of t h e April 1946 S u r v e y with reference t o revisions in progress). D a t a
for a r m e d forces t h r o u g h J u n e 1945 are from t h e U . 8 D e p a r t m e n t of Labor a n d are as of t h e first of t h e m o n t h ; d a t a beginnin? J u l y are from t h e B u r e a u of t h e C e n s u s , based on first
of t h e m o n t h figure?: projected to t h e end of t h e C e n s u s week for t h e Civilian labor force d a t a ; officers on t e r m i n a l leave are excluded beginning S e p t e m b e r ; all d a t a are based on r e ports from t h e W a r a n d N a v y D e p a r t m e n t s .
t Revised series. See n o t e m a r k e d " t " on p . S-8 r e g a r d i n g revisions in t h e indexes of d e p a r t m e n t store sales. T h e index of d e p a r t m e n t store stocks h a s been completely r e v i s e d ;
revised d a t a for 1919-45 are s h o w n on p . 24 of this issue. T h e e s t i m a t e s of employees in n o n a g r i c u l t u r a l e s t a b l i s h m e n t s h a v e been revised back t o 1929; d a t a for 1929-43 for t h e u n adjusted series a r e available on p . 24 of t h e J u l y 1945 S u r v e y ; revisions beginning 1939 for t h e adjusted series will be p u b l i s h e d later, t h e e s t i m a t e s for m a n u f a c t u r i n g h a v e been a d justed t o d a t a t h r o u g h 1942 from t h e F e d e r a l S e c u r i t y A g e n c y a n d are n o t c o m p a r a b l e since 1942 w i t h t h e series on p r o d u c t i o n w o r k e r s in m a n u f a c t u r i n g i n d u s t r i e s on p . S-10
w h i c h h a v e been further adjusted t o d a t a t h r o u g h 1944.
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1941
and descriptive notes may be fou»d in t h e
1942 Supplement to tiie Survey
1040
1946
1945
Jane
October
July
Noveinber
Decemher
January
February
March i April
j May
EMPLOYMENT CONDITIONS AND WAGES—Continued
EM P LOYM ENT— Continued
Estimated production workers in manufacturing industries, total (U. S. Dept. of Labor)*
thousands.. 11.339
5, 042
Durable goods industries
do
1, 325
Iron and steel and their products-do
Blast furnaces, steel works, a n d rolling mills
thousands. „
507
Electrical machinery.-_
-do
997
Machinery, except electrical—
_
.do
Machinery and machine-shop products
do
Machine tools§.
do
661
Automobiles
do
449
Transportation equipment, exc. automobiles-do
Aircraft and parts (excluding engines)§
do
Aircraft engines §
_do_ _. .
Shipbuilding and b o a t b u i l d i n g ^
.....do
340
Nonferrous metals and products
__do
604,
Lumber and timber basic products
_
do
Sawmills (incl. logging c a m p s ) . . do
370
Furniture and finished lumber products
do
Furniture
do
389
Stone, clay, and glass products
do
5, 697^
Nondurable goods industries
do
Textile-mill products and other fiber manufactures
thousands. . 1.1,19i;
Cotton manufactures, except small w a r e s . . _ d o . . _ .
Silk and rayon goods
do
Woolen and worsted manufactures (except dyeing
and
finishing)
thousands,.
1,027
Apparel and other finished textile products.__do
M e n ' s clothing
do
Women's clothing
...do
358
Leather and leather products
do
Boots and shoesdo.__.
Food and kindred products
do
"I,"026"
Baking
do
Canning and preserving
do
Slaughtering and meat packing
do
85
Tobacco manufactures
do
363
Paper and allied products
do
Paper and pulp
_
do
376
Printing, publishing, and allied industries
do
Newspapers and periodicals
do
Printing, book and job
do
481
Chemicals ami allied products
do
Chemicals
do
"149
Products of petroleum a n d coal
do
Petroleum refining
.do
"223"
Rubber products
do
Rubber tires and inner tubes
do
Production workers, unadjusted index, all manufactur138.4
ing ( U . S . Dept. of Labor) t
1939=100.
156.2
Durable goods industries
do
133.6
Iron a n d steel a n d their products
--do
Blast furnaces, steel works, a n d rolling mills
1939=100.
195.8
Electrical machinery.
do._.
Machinery, except electrical
do._.
188.8
Machinery and machine-shop products
do._.
Machine tools§
..do...
164.2
Automobiles
do__
283.1
Transportation equipment, exc. au to mobiles, do ___.
Aircraft a n d parts (excluding engines)§
do
Aircraft engines!-.
do.
Shipbuilding and boatbuilding!
do.
148.2
Nonferrous metals a n d products
do.
143.8
Lumber and timber basic products
_
do
Sawmills
do..._
112. J
Furniture and finished lumber products
do
Furniture
-do
132.4
Stone, clay, and glass p r o d u c t s . .
do
124.4
Nondurable goods industries
_
do
Textile-mill products and other fiber manufactures
104.8
1939= 100. _
Cotton manufactures, except small w a r e s . - . d o
Silk and rayon goods.-_
do
Woolen and worsted manufactures (except dyeing
and finishing)
1939=100..
130.1
Apparel a n d other finished textile p r o d u c t s . . - d o
M e n ' s clothing
_
do.
Women's clothing
do
103.3
Leather and leather products
do
Boots and shoes
.do...
"120."0
Food a n d kindred products
_.-do___
Baking-.--.
do—.
Canning a n d preserving
do._.
Slaughtering a n d meat p a c k i n g . .
do._.
12,855
7, 382
1,630
12, 459
7,054
1,555
12,179
6,779
1,490
10, 529
5,234
1,240
10, 450
5,151
1,241
10, 503
5,180
1,255
10, 519
5,097
1,294
10, 666
5,205
1, 308
9,989
4,417
843
10,639
r 4,999
1,268
11,138
' 5, 482
1,348
11,227
' 5, 591
' 1, 336
470
691
1,143
424
72
642
1, 681
509
173
739
409
523
217
341
148
322
5,473
462
659
1,105
410
69
601
1,577
473
166
691
384
522
215
334
144
317
5,405
457
640
1,076
399
67
556
1,468
430
154
647
378
524
215
330
141
317
5,400
422
445
913
333
60
426
788
157
33
445
301
508
208
303
128
310
5,295
426
467
909
330
58
460
667
127
29
368
305
476
192
307
131
319
5,299
432
479
911
325
52
525
573
121
27
286
319
484
193
321
136
313
5,323
446
484
914
325
53
388
536
121
22
265
326
499
197
336
143
320
5,422
449
476
956
334
58
416
519
119
21
249
333
514
202
348
150
335
5,461
170
348
833
295
58
401
469
118
21
228
291
521
202
355
152
356
5,556
467
367
880
314
57
••447
'459
^ 117
22
'219
'316
534
207
361
154
367
5, 640
'445
948
344
60
••623
'486
••120
26
'212
'331
558
215
366
157
377
5,656
460
'490
'983
345
59
''651
'472
123
27
192
'337
'576
222
'365
157
'381
' 5, 636
1,071
414
1,051
409
85
1,049
407
85
1,051
407
85
1,057
404
85
1,063
399
85
1,113
424
87
1,127
429
1,157
437
1,176
442
90
1,183
443
90
' 1,185
443
91
140
,915
196
194
,317
172
• 1, 029
" 255
106
128
80
f
315
144
320
109
131
671
115
135
93
199
90
135
869
188
175
313
169
1,089
250
167
127
78
309
142
317
107
131
643
113
136
93
194
897
186
190
313
169
1,102
249
180
124
79
311
143
322
110
133
600
112
135
93
191
86
136
911
181
202
305
165
1,183
251
237
127
83
312
142
324
113
133
496
112
131
88
165
72
140
928
180
205
313
170
1,116
253
168
127
86
321
146
336
115
139
486
109
131
89
187
143
930
177
203
321
174
1,085
254
125
133
83
326
148
347
120
143
487
111
139
95
194
91
148
938
177
204
330
178
1,078
253
107
148
82
335
153
355
122
146
488
113
140
95
203
96
149
956
181
207
338
182
1,051
254
93
153
81
341
157
359
122
149
489
115
142
96
209
993
187
214
348
187
1,045
253
90
151
81
348
160
367
125
153
491
115
142
96
214
101
158
1,016
190
219
355
192
1,034
255
85
147
82
353
162
372
127
154
494
115
145
97
220
104
159
1,018
191
218
356
193
1,023
247
92
139
85
357
164
374
128
154
493
118
146
97
220
104
'159
' 1,013
192
'213
'356
' 193
'1,011
239
94
136
'85
'359
165
'375
129
153
'482
118
'145
98
'221
105
156.9
204.4
164.4
152.1
195.3
156.8
148.7
187.7
150.3
128.5
144.9
125.1
127.6
142.6
125.2
128.2
143.5
126.6
128.4
141.2
130.5
130. 2
144.1
131.9
121.9
122.6
85.0
129.9
' 138.4
127.9
' 136.0
' 151. 8
135.9
137.0
' 154.8
' 134. 7
117.6
246.8
203.7
197.1
181.8
138.3
925.2
1,0S4. 4
1, 732.9
934.7
165.1
124.7
74.7
100.5
88.6
108.1
117.9
108.8
171.5
172.7
164.6
163.1
105.9
496.5
394.5
372.2
643. 3
131.2
120.8
72.1
92.4
80.6
105.7
115.6
109.7
180.1
172.1
163.2
158.1
114.4
420.4
319.9
331.1
531.8
133.0
113.3
66.5
93 7
82.0
108.8
115.7
111.1
184.9
172.4
160.7
142.4
130.5
361.3
305.6
300.3
413.0
139.3
115.0
67.1
97.7
85.3
'106. 5
116.2
114.9
186.9
172.9
160.5
145.6
96.4
338.0
304.1
246.2
3S2.3
142.2
118.6
68.5
102.6
90.1
109.1
118.4
115. 5
183.7
180.9
164. 9
158.6
103.5
3269
298.9
239.7
359. 6
145.3
122.3
70.0
106.0
94.0
114.3
119.2
43.7
134.2
157.2
145.8
159.5
103.0
294.4
296.2
239.0
328.7
126.8
124.0
70.2
108.1
95.4
121.4
121.4
120.3
141.5
166.5
155.1
156.4
'111.2
' 289. 3
' 294. 4
' 252. 2
'315.7
' 137. 9
127.0
71.7
109.9
97.0
124.9
123.1
123.5
' 171.7
179.3
170.0
162.3
' 154. 8
' 306.4
' 303. 2
' 294.1
' 306. 3
' 144.6
132.6
74.7
111.5
98.4
128.4
123.5
118. 5
' 188.9
186.0
170.4
161.1
'161.9
' 297. 5
310.5
301.7
276.8
' 147.1
' 137.0
77.0
'111.4
98.4
'129.7
' 123.0
118.8
121.0
254.1
266.6
209.2
216.3
209.6
202.7
195.2
187.7
159.4
149.3
993.9
1,059.1
1, 283. 6 1,191.7
t, 949. 7 1, 869. 5
997.9
1, 066. 8
167.6
178.4
124.2
124.5
75.4
74.7
103.9
101.7
90.4
92.7
109.6
108.1
119.5
118.0
93.6
104.5
72.1
91.8
103.3
70.5
91.7
102.9
70.9
91.9
102.8
70.9
92.4
102.1
71.1
92.9
100.7
70.5
97.3
107.0
72.7
98.6
108.3
73.0
101.2
110.4
74.4
102.8
111.7
75.0
103.4
112.0
75.4
' 103. 6
111.9
75.7
94.1
115.9
89.8
71.3
91.3
78.7
120.4
110.4
78.8
106.0
90.5
110.0
86.0
64.6
90.1
77.7
127.5
108.4
123. 8
105.7
90.0
113.6
85.0
70.1
90.2
77.6
129.0
107.9
133.5
103.2
91.3
115.3
82.5
74.4
88.0
75.5
138.4
108. 8
176.3
105.0
93.5
117.5
82.4
75.5
90.3
77.7
130.6
109.6
124.8
105.3
95.8
117.8
81.1
74.8
92.5
79.6
127.0
110.2
192.7
110.0
98.8
118.9
81.1
75.1
95.2
81,6
126.2
109.8
79.8
122.6
99.9
121.0
82.6
76.3
97.4
83.5
123.0
110.2
' 68.8
126.7
103.1
125.8
85.3
78.7
100.4
85.8
122.2
109.7
66.6
125. 5
105.9
128.6
86.8
80.4
102.4
87.9
121.0
110.3
63.2
122.0
106.6
128.9
87.4
80.1
102.5
88.5
119.8
107.3
68.2
115.2
106.7
128.3
87.8
78.2
102.6
88.4
'118.3
103.5
70.0
113.0
' Revised,
§ For 1941-43 data for shipbuilding see p. 19 of December 1944 Survey;
y; 19
1939-44 data for aircraft and aircraft engines are on p . 20 of the August 1945 issue. For data for December
1941-July 1942 for machine tools, see note marked " t " on p. S-10 of the November 1943 Survey.
* New series. Data beginning 1939 for the estimates of production workers for individual m
manufacturing industries will be shown later; data published in the Survey beginning
with the December
IT 1942 issue, except as indicated in note marked " § " , are comparable with figures published currently.
currentlv. Data for 1929-43
" *for
' all
" manufacturing,
~"
*
total durable
* * * goods
and total nondurable goods industries, and the industry groups are shown on p. 22 of the December 1945 Survey, and revised data for January 1944—February 1945 are on p. 24 of
the July 1946 issu<\
t Revised series. The indexes of production-worker employment and of production-worker pay rolls (pp. S-12 and S-13) have been completely revised; for 1939-41 data for the
individual industries (except as indicated in note marked "§") and 1939-40 data for the unadjusted series for all manufacturing, total durable goods and total nondurable goods industries, and the industry groups, see pp. 23-24 of the December 1942 Survey; for 1941 data for the totals and the industry groups see p. 28 of the March 1943 issue, for 1942-43, p .
20 of the October 1945 issue, and for January 1944-February 1945, p. 24 of the July 1946 issue; all revisions through February 1945 for the adjusted totals (p. S-ll) will be shown later.
SUEVEY OF CURRENT BUSINESS
August 194CJ
nless otherwise stated, statistics through 1941
and descriptive notes unay he found in the
1942 Supplement to the Survey
S-ll
1946
1946
June
June
Octo- i Novem- December
ber
ber
July I August
January
February
March
April
May
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT -Continued
Production workers, index, unadjusted!—Continued.
Nondurable poods industries—Continued.
Tobaeeo manufactures
1939= 100.Paper and allied products
.
do.__Paper and pulp
do
Printing, publishing, and allied industries
do
Newspapers and periodicals.
_do___Printing, book and job§
...do
Chemicals and allied products.,
do
Chemicals
-do...Products of petroleum and coal...
do
Petroleum refining
.
do
Rubber products
.do
Rubber tires and inner tubes
do—
Production workers, adjusted index, all manufacturing
(Federal Reserve)!
_..1939-=100..
Durable goods industries!
-—
--do.__.
Nondurable goods industries!
do
Nonmanufacturing, unadjusted (U. S. Dept. of Labor):
Mining:!
Anthracite.....
>
1939-= 100..
Bituminous coal....
do—
Metalliferous
do
Quarrying and nonmetallic
„
do.....
Crude petroleum and natural gas!
do
Public utilities:!
Electric light and power
_
._.do—
Street railways and busses
do
Telegraph
...
do...
Telephone
.
do
Services:!
Dyeing and cleaning...
do
Power laundries.
.
do....
Year-round hotels
- do
Trade:
Retail, total!
do___
Food*
._._
do.._
General merchandising!
do
Wholesale!.
_
_
—do...
Water transportation*
...do
Miscellaneous employment data:
Federal and State highways, totalt
....number.
Construction (Federal and State)
do...
Maintenance (State)
do
Federal civilian employees:^
United States
.thousands.
District of Columbia
do...
Railway employees (class I steam railways):
Total
_
thousands.
Indexes: Unadjusted!
.1935-39 = 100.
Adjusted!
do...
86.1
118.5
104.9
97.5
92.2
103.8
232.8
164.8
127.4
127.3
164.5
166.7
83.4
116.4
103.4
96.8
90.5
103.8
223.2
162.4
128.0
127.6
160. 5
162.1
84. 3
117.0
104.1
98.3
92.6
105.4
208.3
161. 2
128.0
127.5
158.0
159.3
89.5
117.5
103. 3
98.8
94.8
105. 4
172.1
160. 5
123.3
120.4
136.6
132.7
92.2
120.9
305.8
102.5
97.2
110.0
168.5
157.0
123.6
121.5
154. 4
163.0
89.2
122.9
107.8
105.9
101.0
112.9
169.1
159.0
131.3
130.6
160.1
168.9
87.8
126.3
111.4
108.1
102.7
115.5
169.2
162.2
132.3
130.6
168.2
177.8
87.0
128.6
113.9
109.4
103.1
117.6
169.7
164.7
134.0
131.9
172.7
182.4
87.3
131. 0
116.3
112.1
105.3
120.9
170. 3
165.1
130.8
132.3
177.1
187.3
157.2
204.3
120.1
151.7
195. 2
117.4
147.6
187.5
116.1
127.8
144.8
114.5
127.2
142.6
115.1
127.8
143.3
115.6
128.1
141.2
117.8
130.7
144.4
119.8
122.4
122.9
122.0
78.9
89.2
76.0
80.5
83.6
77.6
87.1
74.6
81.3
77.4
87.1
73.1
81.7
84.2
77.6
87.6
72.2
82.5
84.0
78.1
70.8
72.2
83.9
84.9
78.2
88.2
73.2
85.0
86.7
79.0
89.8
75.2
83.8
88.4
79.3
91.2
76.3
83.3
90.0
170.9
82.8
117.3
117.9
129.5
83.6
116.8
119.3
131.9
84.1
117.3
119.4
133.1
84.5
118.0
121.2
133.5
85.7
119.2
123.2
135.6
88.1
121.7
124.8
139.4
90.7
122.7
126.4
143.0
131.9
112.6
120.5
122.0
107.2
109.5
121.2
108.3
109.4
117.3
106.1
109.9
122.3
106.6
112.2
124.7
107.4
115.0
120.6
106.7
116.5
106.3
96.2
101.0
111.2
94.4
303.0
94.9
100.0
107.9
94.9
310.0
93.8
99.9
104.7
95.8
313.4
97.6
102.0
110.4
97.0
320.5
101.2
104.6
115.9
99.4
311.0
106.2
106.5
127.4
101.8
315.1
91.3
137. 0
114.
106. 9
140.6
~184.~8
138.7
156.2
125.0
92.3
72.3
100. 0
127.5
106.0
238.3
153, 223 151,474 151,490 145,068
28, 419 30,812 30, 684 24,894
99, 612 95, 722 94,992 93, 548
134.5
119.4
114.2
108.1
122.2
170.9
169.6
138.2
133. 7
182.0
192.8
'91.2
' 135.3
' 120.2
' 114.3
109. 0
121.3
' 167.4
169.6
'136.9
134. 4
' 182. 7
193.4
'138.6
123.7
136.7
151. 9
124.7
138.1
' ] 54. 8
' 124. 9
81.1
92.0
72.0
84.3
91.0
81.7
92.2
63.1
88.8
90.8
81.4
20.1
'60.4
'93.8
91.8
81.0
' 69. 8
'72.3
95.7
92.7
92.9
123.7
112.4
146.3
94.7
125.7
124. 7
153.7
96.4
126.1
123.2
158.6
97.7
127.0
119.8
163.5
'98.6
' 127. 6
113.5
'• 167. 4
119.9
107.8
117.6
120.3
109.3
117.3
121. 5
109. 0
118.7
124.3
109.6
119.3
130.3
110.0
118. 9
'129.5
' 110. 7
' 120.1
116.0
108.0
152.5
104.1
315.7
104.1
106.6
116.8
104.7
314.8
104.3
106.8
114.6
105. 5
3i6.9
'106.0
106.9
118.6
106.6
297.8
109.0
106.3
125.3
106. 7
275.3
' 106.8
105.0
120.0
' 106.0
' 250.6
139,964
16,674
95,317
139,381
14,908
95,458
142,074 150,013
16, 277 21,000
95, 596 97,814
165, 762
31,871
100, 683
184,179
45,084
104, 445
i 2, 379
237
i 2,394
238
i 2,360
236
1,397
134.1
' 137.5
' 1,375
v 132. 0
v 134.2
v 1,335
p 128.1
v 128.6
144,182
24,366
95,006
144,082
24,157
94,730
i 2,322
235
2,915
258
2,900
256
i 2,851
251
i 2,613
240
J 2,513
233
i 2,456
230
12,411
229
1 2,406
233
» 2,402
236
v 1,357
P130.3
v 128. 5
1,482
142.5
140.6
1,480
142.2
139.2
1,476
141.9
139.0
1,439
138.3
135.0
1,424
136.9
132.4
1,435
137.9
136.6
1,428
136.9
139.1
1,422
136.5
142.0
1,393
133.9
137.3
87.9
132.9
117.9
113. 5
107.0
122.1
171.4
165. 9
136.7
133.1
181.5
191.6
130.3
r
LABOR CONDITIONS
Average weekly hours per worker in manufacturing:
41.7
44.3
43.4
45.2
42.3
Natl. Indus. Conf. Bd. (26 Industries)..
_.hours..
40.6
41.9
39.2
42.3
40.4
40.7
39.0
p 39. 9
44.0
40.7
44.6
41.4
41.5
U. S. Pept. of Labor, all manufacturing!
do
41.0
41.2
40.5
41.6
' 40. 5
'39.7
MO. 7
44.9
41.1
45.8
41.0
41.4
P39.7
40.8
Durable goods industries*.
-do—
41.1
40.0
41.6
'40.4
'39.2
40.6
45.2
41.7
46.0
40.4
42.5
41.1
Iron and steel and their products*
do
42.1
39.1
42.1
39.9
38.3
40.0
Blast furnaces, steel works, and rolling
45.6
41.2
45.1
42.2
mills*.....
hours.
41.0
40.8
38.6
40.4
30.4
37.9
37.6
35.5
45.7
40.8
45.3
41.2
41.5
41.3
41.3
Electrical machinery*
do—
41.1
40.3
38.8
'40.3
'40.2
47.7
43.0
46.7
42.7
42.9
42.6
42.0
43.0
41.4
Machinery, except electrical*..
do
40.2
'41.5
'41.7
47.8
42.6
46.6
42.7
42.8
42.9
42.5
43.1
42.3
40.8
M achinery and machine-shop products*_.do
42.2
41.7
48.9
44.7
47.7
45.6
44.4
43.9
44.4
44.1
43.3
41.6
Machine tools*
.
do
42.6
43.6
43.8
36.5
42.3
33.5
36.0
37.8
37.5
38.4
34.5
35.8
Automobiles*
_
do
'37.4
••37.0
46.2
38.8
45.8
41.7
39.7
37.4
40.0
39.1
39 0
39.2
Transportation equipment, except autos*-_do
39.9
'40.0
46.9
38.1
45.9
40.7
40.8
39.7
41.1
40.1
40.8
40.8
Aircraft and parts (excluding engines)*.-.do
'41.4
41.0
44.2
36.7
43.6
37.2
40.3
37.6
40.9
39.0
42.1
41.4
Aircraft engines*
do
41.8
41.9
46.3
38.7
46 6
43.6
38.3
35.0
38.8
38.2
37.3
37.7
Shipbuilding and boatbuilding*
do
38.5
38.8
46.2
42.5
45.7
43.3
43.3
43.2
43.3
43.2
43.2
41.2
Nonferrcus metals and products*
do
'41.8
'42.2
44.0
40.8
41.4
40.5
39.0
40.5
38.8
42.2
40.1
40.9
Lumber and timber basic products*
do
41.3
41.1
44.1
42.3
43.3
40.6
42.5
42.0
41.8
42.7
42.3
41.3
Furniture and finished lumber products*...do.._
42.3
'42.5
43.8
41.8
43 4
41.6
41.9
42.0
40.7
42.5
41.1
40.2
Stone, cl8y, and glass products*
do
'41.3
41.6
43.1
41.8
42.8
40.3
41.5
41.3
41.2
41.5
40.9
40.1
Nondurable goods industries*
do
40.6
40.9
Textile-mill products and other fiber manufactures*
hours..
41.8
38.4
40.6
41.3
40.4
40.3
40.7
40.4
40.5
40.3
40.4
39.8
Apparel and other finished textile products*
37.2
33. 2
36.2
36.7
hours.
36.4
36.7
36.1
36.7
36.5
37.2
37.5
36. 9
42.1
41.7
39.3
40.6
Leather and leather products*
do
40.9
39.6
40.6
39.9
40.4
40.8
40.5
39.6
45.6
45.8
Food and kindred products*
._
do
43.3
44.7
44.1
44.4
45. 3
44.9
44.3
42.9
'42.8
42.3
42.8
41.0
Tobacco manufactures*
do...
39.0
42.3
42.0
40.4
39.1
39.3
39.7
38.5
39.2
39.5
46.4
46.3
Paper and allied products*
do....
45.7
44.0
45.9
45.8
45.6
44.3
43.9
43.9
42.8
43.5
Printing and publishing and allied industries*
hours.
40.7
42.2
41.6
41.5
41.6
41.7
41.6
41.1
40.8
41.2
40.4
'40.9
Chemicals and allied products*
,__.do
43.4
45.4
43.4
45.1
43.3
42.5
42.5
42.0
41.7
41.6
40.8
41.4
Products of petroleum and coal*
do
46.9
47.8
44.9
42.6
47.7
44.0
42.9
41.7
40.8
41.6
39.7
40.2
41.8
Rubber products*
do
45.?
41.4
43.0
40.2
40.9
41.7
40.8
39.4
40.3
40.8
45.5
* Revised. » Preliminary. * See note marked " 1 " .
£ Data beginning August 1942 are available in the November 1943 Survey; earlier data will be published later.
JTotal includes State engineering, supervisory and administrative employees not shown separately.
i United States totals beginning August 1945 include approximately 53,000 clerks at third-class post offices and substitute rural carriers not reported previously; see also note in
July 1944 Survey regarding changes in the data beginning in 1943. December figures do not include excess temporary post office substitutes employed only at Christmas.
•New series. Indexes beginning 1939 for employment in retail food establishments and beginning 1940 for water transportation are shown on p. 31 of the June 1943 Survey. Data
beginning 1939 for all series on average hours will be published later; data beginning March 1944 for the aircraft engines industry and beginning March 1942 for other series are available
in previous issues of the Survey.
tRevised series. See note marked " ! " on p. S-10 regarding revisions in the indexes of employment in manufacturing industries and sources of revised data. Data for 1937-43 for
the index of employment and pay rolls in the telephone industi y are on p 20 of the May 1945 Survey and data beginning 1937 for the telegraph industry will be published later; data for
1939-41 for the other Department of Labor series on nonmanufacturing employment and pay rolls are on p. 31 of the June 1943 Survey. The index of railway employees has been
shewn on a revised basis beginning in the May 1943 Survey; earlier revisions will be published later. Data beginning January 1944 for the series on average weekly hours in all manufacturing industries are available in the March 1943 and subsequent issues of the Survey; revised data prior to 1942 have not been published in the Survey and will be shown in a
later issue.
SURVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1946
1945
June
September
June
July
August
August 194t>
1946
October
Novem- December
ber
January
February
March
April
May
EMPLOYMENT CONDITIONS AND WAGES—Continued
LABOR CONDITIONS—Continued
Average weekly hours per worker in nonmanufacturing industries (U. S. Department of Labor):*
Building construction
hours.
Mining:
Anthracite.
....
do
Bituminous coal
do
Metalliferous
do
Quarrying and nonmetallic
do
Crude petroleum and natural gas
do
Public utilities:
Flectric light and power
do
Street railways and busses.
do
Telegraph
do
Telephone^
.
.do....
Services:
Dyeing and cleaning
do
Power laundries.
do....
Trade:
Retail
..do
Wholesale
...do
Industrial disputes (strikes and lockouts): •
Strikes beginning in month:
Strikes.number..
350
Workers involved
thoussnds-1E0
Man-days idle during month
.
_.do___.
3,800
U. 8. Employment Service placement activities:
Nonagricu^ural placementst
thousands..
479
Unemployment compensation (Social Security Board):
Initial claims*
thousands..
762
Continued claims©
do
5,415
Benefit payments:
1
Beneficiaiies, weekly average..
do
1,175
Amount of pavments..thous. of dol_... 193,000
Veterans' unemployment allowances:*
603
Initial claims
thousands..
Continued claims
___do_.
6,982
Number receiving allowances, weekly average do._ 5 1 . 744
Amount of payments
thous. of dol___ 150, 223
Labor turn-o\er m manufacturing establishments:*^
Accession rate
monthly rate per 100 employees.Separation rate, total
do
Discharges.
do
Lay-offs
do
Quits
do....
Military and miscellaneous
do
40.4
40.1
40.3
38.1
38.7
37.2
37.1
37.7
37.3
37.5
38.2
41.1
46.2
45.4
48.2
46.3
39.4
40.8
43.9
48.0
45.0
37.1
40.1
42.0
46.6
46.8
37.0
42.3
43.0
46.5
45.4
41.2
32.2
44.3
47.2
44.4
35.8
44.9
43.0
46.1
43.9
39.6
45.7
42.0
44.2
41.0
36.4
43.3
41 1
43.3
41.1
41.2
45.5
35.8
44.1
40.7
41.0
45.9
40.2
45.1
40.8
38.6
27.0
Ml. 6
'46.3
M0. 7
44.4
62.2
46.2
41.4
43.4
51.6
46.0
41.8
44.3
52.3
48.2
44.1
43.0
51.3
45.9
41.5
43.3
50.9
45.4
41.9
42.7
50.3
45.0
42.1
42.0
60.7
44.5
41.1
42.7
49.2
44.0
40.1
42.4
49.2
44.1
40.7
41.6
49.4
43.7
40.2
41.6
49.0
43.8
'39.5
43.8
43.4
44.2
44.0
41.5
42.4
43.1
43.4
43.5
43.2
42.4
42.7
43.0
43.3
43.1
43.6
42.5
43.3
43.4
43.5
44.0
43.5
40.7
42.8
41.9
43.1
41.2
42.4
40.7
42.4
40.3
42.6
40.0
42.3
40.1
42.0
40.5
41.8
40.5
41.9
40.5
41.9
40.3
41.8
482
332
1,886
523
825
1,769
447
271
1,712
573
526
4,341
474
551
8,611
358
420
6,935
134
50
7,718
325
1,400
19,200
260
130
21,600
385
ISO
14, COO
465
575
15, 500
1,042
1,014
825
614
601
484
380
412
359
421
461
269
810
268
1,081
1.230
1,532
1,086
4,724
918
6,671
779
6, 502
745
6, 564
1,234
8,258
£46
7, 327
774
7,464
'980
6,649
129
9,686
185
14,352
231
17, 948
612
50,439
1.272
106, 449
1,313
108, 555
1,319
106,624
1,624
133, 246
1,632
121,000
1,592
127,013
1,402
110,672
32
160
32
3,572
42
203
38
3,777
74
261
44
5,013
112
400
73
7,457
260
774
123
14,088
426
1,415
218
25, 770
567
2,401
405
42, 217
1,030
4,594
695
83, 322
5,853
1,071
112,195
801
7,353
1.507
148,958
690
7,685
1,626
ieo, 071
5.9
7.9
5.8
7.7
.6
l.fi
5.2
.4
5.9
17.9
.7
10.7
6.2
.3
7.4
12.0
.6
4.5
6.7
.2
8.6
8.6
.5
2.3
5.6
.2
8.7
7.1
.5
1.7
4.7
.2
6.9
5.9
.4
1.3
4.0
.2
8.5
6.8
.5
1.8
4.3
.2
6 8
6.3
.5
1.7
3.9
.2
7.1
6.6
.4
1.8
4.2
'6.7
'6.3
.4
'1.4
4.3
.2
314.6
414.2
308.3
29«.7
387.1
289.7
267.3
335.4
255.8
224.2
246.2
206.9
222.9
243.7
207.3
222.9
241.8
210.4
226.2
240.0
220.5
229.2
243.0
216.1
210.6
K9. 6
127.2
'232.9
' 236.8
'211.7
' 248. 5
' 265.9
' 228.0
222.8
490.0
407.0
386.4
353.4
281.6
217.3
460.6
384.4
365.9
328.8
253.1
199.2
399.2
338.4
323.6
303.9
183.5
175.3
268.5
285.7
266.4
260.5
151.2
169.4
289.1
284.1
268.4
254.9
171.8
173.6
3019
283.3
263.4
233.0
192.2
181.2
308.5
288.7
265.4
244.5
135.5
173.2
302.6
297 5
272.8
262.3
153.5
47.6
211.1
255.3
239.4
'2f8.2
142.4
181.5
r 224.1
277.9
258.0
25P. 8
' 166.9
186.0
' 286 8
3C0.7
2£0.1
201.4
' 241.1
2.223.5
2.546.2
3.231.9
2,327.7
337.9
239.7
147.6
195.9
173.3
189.8
217.3
177.3
210.3
142.1
2,068.0
2.310.4
3,042.5
2,193.4
313.1
222.1
133.9
188.2
165.7
185.6
212.1
172.6
209.8
138.4
1,742.2
844.1
1,854.8
624.5
2,375.9
469.7
1,919.9 1.115.9
292.2
223.3
219.3
215.3
133.8
130.3
171.5
164.0
150.4
]40.8
179.8
175.7
200.6
202.6
162.1
169 7
192.9
201.0
133.9
138.2
713.5
537.4
444.3
893.4
230.4
199.0
117.4
168.8
147.1
183.2
202.6
171.3
198.6
143.0
583,5
506.6
389.7
637.9
243 5
194.8
114.0
173.2
151.1
175.9
204.5
174.8
199.9
142.0
577.2
520.4
346.3
641.2
2.c0.4
169.4
114.1
188.1
164.3
181.7
212.
188.0
216.2
148.8
559.1
514.3
356. 6
602. 5
256.1
207.7
118.2
192.9
169.3
185.4
215.7
190.7
217.0
149.4
' 507.0
'524.0
' 384.4
' 548. 5
' 247.8
234. 5
131.9
209.0
184. 3
217.2
229.2
212.6
242.3
163.6
' 558.1
' 551. 5
' 459. 6
' 554.3
'2(51.1
248.2
139.8
214.6
189. 7
' 226.0
' 231. 5
215. 8
246. 3
166.5
186.7
207.6
164.2
125.1
173.1
177 2
191.2
151.5
100.2
167.8
178.3
213.5
141.0
141.9
165.0
184.0
208.0
136.9
136 4
1H5.3
200.0
215.0
140.7
140.9
1792
206.6
228.0
148.0
149.4
185. 2
164.0
215.0
180.1
144.1
217.9
166.7
221.7
198.4
165.7
143.5
188 8
.7
1.7
5.1
.4
PAY ROLLS
Production-workers pay rolls, unajdusted index, all
manufacturing (V. S. Dept. of Labor)t-1939=100
—
Durable goods industries . .
do
Iron and steel and their products
do..
B l a s t f u r n a c e s , steel w o r k s , a n d r o l l i n g
mills
1939=100. Electrical machinery
,.
. .
do
.
Machinery, except electrical....
do...
Machinery and machine-shot) products
do
.
Machine tools*
do .
Automobiles
I..
.do
T r a n s p o r t a t i o n e q u i p m e n t , except a u t o m o biles
1939=100
Aircraft and parts (excluding engines)* . . . do
Aircraft eneinest
do
Shipbuilding and boatbuilding*
do _
Nonferrnus metals and products ~
do
Lumber and timber basic products
do
Sawmills (incl. logging camps)
.do
Furniture and finished lumber products
do..
Furniture
do .
Stone, clay, and glass products
do
Nondurable goods industriesdo .
Textile-mill products and other fiber mfrs....do
.
Cotton manufactures, exc. small wares
do
Pilk and rayon poods..
do
Woolen and worsted manufactures (except dyeing
and finishing)
1939-100
Appnrel and other finished textile products....do
Men's clothing . . . .
do
-.
Women's clothing
do
Leather and leather products
.....do
....
167.2
180.6
135.0
108.4
159.9
175.4
208.4
141.4
138.4
160.2
491.5
520.7
369.1
530. 4
228.7
219.9
123.0
200.4
176.7
204.6
221.3
203.7
230.0
158.3
226.9
234.2
238. 5
240.2
263. 6
263. 5
158. 1
170.0
174. 1
153.3
172.6
1P9. 6
194.5
202.1
203.9
174.1
182.7
185.3
Boots and shoes
do
154.1
149.0
141.2
140.3
144.2
145.7
1571
211.5
206.6
205. 4
Food find kindred products
do
202.6
212.7
205.6
226.6
215.9
214.9
220.4
181.2
182.8
179.3
Baking
.
.
do
174.1
174.6
170 9
173.6
176.8
181.4
181.2
136.6
132.1
149.4
Canning and preserving
do
156.9
250 2
249.4
351.6
251.7
179.4
167.3
199.4
191.1
180.9
Slaughtering and meat packing
.do
177.9
175.0
158.2
177.6
173.1
185.2
214.9
165.2
171.3
174.6
Tobacco manufactures .
do
164 5
151.9
149.3
176.0
1817
172,2
164.1
226.2
233. 3
235. 9
Paper and allied products
do
202.0
198.0
189.2
200 7
206.9
2110
219.0
203.
6
208.1
210.6
Paper and pulp
.
. .
. do .
. .
183.8
180.7
171.7
180.5
186.7
190.0
196
171.2
177.2 ' 178. 9
Printing publishing, and allied industries . . do
139.6
137.8
140.0
147.7
150.7
158.5
163.2
148.9
154.4
157. 8
Newspapers and periodicals*
........do
.....
121.7
119.7
128.6
130.3
132.9
338.3
141.9
193.9
200.2 ' 199. 9
Printing, book and job*
do
155.6
155.1
151.9
166.5'
168.6
1781
184.7
r Revised. *See note marked " § " on p. S-10. ©Small revisions in the date for January 1940 to May 1944 are available on request. iPartly estimated.
' Number of continued claims filed during week ended the last Saturday of the month; the series on average number receiving payment has been discontinued.
• 1946 data are preliminary estimates; unpublished revisions for January-April 1945: Strikes—Jan., 234; Feb., 279; Mar., 382; Apr., 431; workers involved—Jan., 47,000; man-days
idle—Jan.. 199,000; Feb., 388.000; Apr., 1,472.000.
^Dat.a beginning April 1945 are not comparable with earlier data. See note for hours and earnings in telephone industry at bottom of p. S-13 of Apr»3 1946 Survey.
a" Rates refer to all employes rather than to wage earners and are therefore not strictly comparable with data prior to 1943 published in the Survey.
•New series. Data on average hours for the telephone industry for 1937-43 are shown on p. 20 of the May 1945 Survey (see also note "V' above) and data for the telegraph industry
beginning June 1943 fthe earliest available) are given-in note on p. S-ll of the January 1945 issue: data beginning March 1942 for all other series on average hours are available in the
M a y 1943 Survey and data back to 1939 will be published later. The new series on veterans' unemployment allowances relate to readjustment allowances payable under the Servicemen's Readjustment Act of 1944; data beginning September 1944 will be. shown later. Indexes of pay rolls for the printing and publishing subgroups beginning August 1942 are on
p. S-12 of the November 1943 Survey: data back to 1939 will be published later. Data beginning 1939 for the series on initial unemployment compensation claims will be shown later
(see note in April 194fi Survey for definition of initial claims).
FRASERtRevised series. Data beginning June 1942 for nonacricultural placements nre available in the August 1943 Survey; earlier data will be published later. For information regarding-
Digitized for
the revised indexes of production-worker pay rolls in manufacturing industries, see note marked "f" on p. S-10.
SURVEY OF CURRENT BUSINESS
August 1946
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1946
June
S-13
1945
June
July
August
1946
October
September
Novem- j December
ber
January
February
March
April
May
EMPLOYMENT CONDITIONS AND WAGES—Continued
FAY ROLLS—Continued
Production-worker pay rolls, mfg., unadj.!—Con.
Nondurable goods industries— Continued.
Chemicals and allied products
1939-100.
Chemicals
:
do
Products of petroleum and coal
do
Petroleum refining
do
Rubber products
.
do
Rubber tires and inner tubes
do
Nonmanutaciurinp, unudjusu-d (I 1 . 8. P e r t , of 1 aboi):
Mining :f
Anthracite
..1939 = 100..
Bituminous coal
.
.do_._Metalliferous
_.
do
Quarrying and nonmetallic
do.-..
Crude petroleum and natural gast
do
Public utilities:!
Electric light and power
do
Street railways and bugses
„
do
Telegraph
do
Telephone
do...
Services:!
Dyeing and cleaning..
. . do
Power laundries
,
co
Year-round hotels
._.
...do
Trade:
Retail, total!
do...
Food*......... do
General merchandising!
do.. ..
Wholesale!
...do....
Water transportation*....
do
417. G
2f;8. 5
!20.6
2214
204.3
293.8
297. 8 !
291.8 !
284. C
227.7
298. 7
286.
357.2
288.2
229. 8
224.3
265. 7
249.7
292. 2
273. 6
212.1
203. 5
231,3
211.4
284.9
261.3
1S8.0
189. 7
254. 2
239.8
281.8
260.8
222. 9
215.5
257.8
240.2
283.4
267.0
222. 2
212.6
275.5
256.7
285.2
276.8
220.9
210.6
290.1
272.6
284.7
272.5
221.3
217.4
292.1
271.9
290.0
276. 3
231.0
217.9
302.8
281.1
291.2
282.7
233. 5
221.3
324.9
312.9
285.7
281. 0
229.5
221.5
327.6
314.2
145. 4
227.6
128.5
158.8
136.1
142.7
190.7
121.1
161.9
135.7
148.0
188.0
114.2
155. 9
139.2
149.8
199. 7
116.4
159.2
138.4
170.8
120.5
118.4
104. 3
133.6
144. 6
212.8
117.2
163. 2
140.0
167.1
222. 0
117.6
155.0
135.9
149.3
209.9
118.0
150.9
139.0
178.3
222.8
96.1
157.2
142.0
178.5
227. 2
95.8
172.6
144.4
165.1
26.0
' 96. 5
192.0
144.0
180.4
102.6
109.3
189.4
144.9
119.2
178.2
175.3
172.6
119.6
177.1
175.0
177.7
120.7
178.7
200. 4
195.7
120.6
177.1
177.2
181.7
120.9
178.1
177.6
189.0
126.7
179.1
177.9
200.3
129.8
184.0
178.8
203.5
133.7
181.4
155.3
205.2
138.3
187. 2
176.9
230.7
140.4
187.2
177.1
237.0
142.5
191. 4
179.5
246.1
144.2
195.2
175.6
253.7
199.8
166.3
171.6
197.7
169.7
171.2
179.9
160.5
172.0
199.2
168.1
177.2
207. 6
169.1
184.6
193.5
168.9
190.6
196.9
174.3
196.1
201. 7
178.7
196.4
199.1
177.0
199.8
213.4
181.3
201.1
231.0
183.3
201.1
227.1
186.2
205.2
134.2
142.8
148.3
141.9
744. 5
136.4
145.5
148.0
144.7
755.5
132.0
144.7
141.2
141.3
664.0
138. 7
145.7
150.0
145.6
669. 6
144. 2
149. 7
157. 7
150.7
566. 8
151.9
154. 9
172.4
155.2
582.1
167. 6
159. 5
209.2
159.2
583.1
154.9
159.7
165.8
161.2
575.3
157.1
161. 7
165.5
165. 0
577.3
160.9
163,9
173.3
167. 5
550. 6
167. 8
165.7
186.2
169.8
509. 0
106. 2
166.1
180. 5
169.6
486. 3
50.33
46.32
51. 74
61.14
49.00
45.46
50. 66
£0. 41
47.73
4.1.72
45, 72
46, 31
45. 74
40.87
43. 95
45. 48
45. 50
40.97
44.23
45. 40
45.42
40.77
43.71
45.51
45. 72
41.21
44, 08
46. 38
44.62
41.15
43.67
44.95
43. 56
40.58
42.57
42.45
46.44
42.15
44. 79
46.80
r 46. 92
' 42.87
r 45. 70
'47.31
45.65
42. 46
45.02
45. 69
55.39
48- 53
M, 91
63. 78
58. 2S
55.55
54.89
47.91
53.58
52. 57
47. 51
46 2V
42 3S1
4 * 12 |
!
47.
51.
4t
47. T,3
42 58
-8. f3
•i7 18
52 80
44.93
W 52 I
47.84
47.81 1
{3 07 !
46 19 I
41- 1.9 I
36. 75
41.49
47.53
47.91
48. 93
41.81
48.82
48. 92
'• 44. 09
' 48. 87
52.92
' 46. 75
' 50. 51 I
60. 53
' 52. 80
• 51.32
•• 46. 92
34.88
33.47 I
'37.78
38.46 j
r
40.18
r
39.83
53.92
•• 48. 63
* 52. 54
51.51
r 54.14
' 53. 46
r 47. 24
r 35. 34
24. 02
r
88. 23
H9.16
'41.45
r 40. 12
46. 23
44.18
48.47
4S. 55
52.01
47.15
52.12
51. 41
55. 34
52.93
47.13
36.04
34. 75
37.90
38.84
40.95
39. 94
WAGES
Manufacturing industries, average weekly earnings:
Natl. Jnd. Con. Bd. (26 industries)
dollars..
IT. S. Drpt. of Labor, all manufacturing!
do
* 43.10
Durable goods industries
,
.
do
* 45. £8
Iron and steel and their products!..
do.
Blast furnaces, steelworks, and rolling
mills!
dolla
Fleetriral machinery!.
...
do.
Machinery, except electrical!
...do,
Machinery and machine-shop prcducts!_-do
j
Machii.r fools
,
do..... I
Auten.-chiles!
,
. ...do j_
Transi < rtat'on equipment, except sutos!__do
|
AircTfiit Bi'.d pens (excluding engines) do
j
Aircipft engines*
.. __!....
....do
!
SHpruildin^ pud bcatruiklirp
... do
!.
> mfe-nr.rs metals end trr-ducts?!
.
do
|.
1 i n l r i prd t ip'hrr 1 s:-ic products!
_._do j .
ffivn-ills (inch legging camps)
do
L
Iwiiifme «ii(t rms/ied lumber prcducts!_do
F HIT it met
.
do
Ftcre, clay, urrt pla.cs products!-.
6o,.l.
Nondurable poods industries.......
do....
Texiile-n-ili pr< duets and other fber
marufartnros!
dollars..
Cotton manufacturers, except small wares!
dollars..
Silk end rayon goods!
do
Woolen and worsted
manufactures
(except dyeing and
finishing)!
dollars...
Apparel and other finished textile products!
dollars..
ISTem's clothing!
do
Women's clothing§
do
Leather and leather products!........
do_._.
Boots find shoes
...do.
Food and kindred products!-.
„
do
F pking
„
do
Carning find preserving!
.
do
i
Slaughtering and tueat packing
do
I
Tcbacco manufactures!
„.
do....
Ffipf-T and allied products!..
. do.....
Paper and pulp..
. . . do
Printing, publishing, and allied industries!
dollars...
Newspapers and periodicals'...
.,._.__do.__Printing, book and job*.
do____
Chemicals and allied products!
-do
Chemicals
, .
_do_._.
Products of petroleum and coal!do
j
Petroleum refining
___.,...do
j
Rubber products!
_
...do.
Rubber tires and inner tubes
do^
co. c:
£6. 07
57. i e
e.4,15
49. .56
26. 20
35. 22
37. 54
28. 01
40.69
38.95
41.27
£J 23
r
'] 29
48.18
44 > J
}-4. 87
C'i.f.2
48.81
23. 52
22. 20
<!
M
W CO
!
31.01 i
29.01
21.38
29 38
31.26
86. 93
26. S9
27.13
28.32
20.07 | 31.06
?,4. 50 35.84
31.26
34.38
38.15
36.12
34.74
40. 01
as. 37
32. "29
45. C8
32. 36
40.74
44.30
46.93
50, 53
45.18
45.24
64. 23
67. 72
£9- 89
51.45
69. 20
,-0. 38
33.32
26. 72
35.47
24.00
39.98
40.27
22. €8
45. 08
SO. 7H
40. 78
44,26
28.06
20.10
S3. 75
33. 62
32. 24
38. 16
39. 66
W. 11
41.57
29. 85
38.69
41.86
46. 62
50.64 i
4b. CO
46.03 |
54.11
58.01
60.57
61.81
59. 59
48.89
4G. 60
62.54
53.13
47.39
43. 44
43.53 i 43.01
63.06 I bl.46
54.70 j
57.28
57.37 |
59.77
47.20
46. 76
53.59 I
52. 81
31. 81
32.40
40,87
34.62
32.95
39. 3(5
39. 83
32. 24
45. 81
33. 21
40.96
44. 46
I
AC>
'Hi
7(
o7 H1
31 75.
20
,' < £0
37 21
20 23
38 12
28.75 j
21 25
PI.65
32.41
?2 44 I
33. 76
' 34.98
34. 80
28. 21
21.86
28.72
SI. 92
29. 25
32.48
29.01
32. 42
50. 14
33. 74
31.36
34. 74
31.79
35.10
31.58
35. 11
35. 60
41.29 i
41.81
41.67
35. 90
30. 01
37. 50
37. 04
46. 29
4(\. 83
37.58
37. 37
r 36. 97
' 26.67
40.47 ! ' 40, 77
41.49 j 41.74
35.51
33.71
r 42. 77
42. 56
32. 48
32. 95
42. 02
M l . 97
44. 75
44. 80
35. 24
37.68
45. 55
37. 38
36. 77
40. 70
41. 07
34.62
43. 67
33. 52
41.92
44.89
47
4'
41
15 ;•&
29.12
37.SC
AQ OO
52. 19
43.01
48. 09
49. 91
53. 43
47.61
47.13
33.52
31. 91
36. 86
37. 46
39. 76
39. 01
47. fS |
4S 41'
49 44
3^41 i
28. 59
31.67
;
•2 \ 8 |
,ri 4h j
4V.41 1
I0.T8 I
26 07 j
25. 71
37. 64
38. 52
41. 04
32.12 I
32, 28 !
41.45
34. S2
32.. SO
39.50 !
40.21 !
32.7] 1
44. 54
33. 35
41. 10
44.86 1
21.98
40.11
33. 93
82. 37
40. 31
41. 37
31. 56
4 5.78
32. 65
41. 23
44.81
31.88
32. 77
41.07
35. 74
34.13
41.49
41.28
S3. 87
47.51
31.53
41.46
44.67
33.24
23. 88
42. 95
S6.03
34.71
41.37
40. 95
23.86
46. C8
32.36
41.17
44. OS
33. 70
34. 94
42.50
36. 69
.35. 69
40.93
41.15
23.18
43.23
81.98
41.15
44.34
48.01
52.19
45. P0
42. 95
50. 03
51.33
58.03
45. 57
49. 48
48. 83
52.26
47. 25
42.10
49. 25
53. 54
56. 21
44. 68
47.78
49.28
52. 70
47.92
42. 55
49. 56
53. 05
65. 42
45. 48
48.54
49.36
52.95
48.18
42. 61
50.66
52.06
54. 59
46. 71
50. 29
' 50.93
49. 80
53.67 I ' 54.86
49. 51
48. 30
42. 94
42. 53
50. 25
49.91
53.
30
53.45
55.86
56. 25
46.
46
' 46.05
».4O
49.».72 !
49.21
' 50. 97
r 55. 40
«• 49.18
43.28
60. 58
* 53. 57
' 56. 61
49.68 I
M.G0 I
51.05
56. 09
48. 77
43. 36
50.43
53.14
66.45
49.98
54. 67
Revised.
v Preliminary.
t Sample was changed in N o v e m b e r 1942; data are not strictly comparable with fgures prior to t h a t m o n t h .
§ Sample was changed in July 1942; data are not strictly comparable with figures prior to t h a t m o n t h .
* New series. Indexes of pay rolls beginning 1939 for retail food establishments and 1940 for water transportation are shown on p . 31 of the J u n e 1943 Survey. D a t a beginning
1932 for the newspapers and printing, book and job, industries will be published later; see N o v e m b e r 1943 Survey for data beginning A u g u s t 1942. D a t a for the aircraft engine industry
beginning 1939 will also be published later.
t Revised series. See note marked " ! " on p. S-10 regarding revisions i n t h e indexes of pay rolls in manufacturing industries and sources of revised data and note marked " t " on
p . S—11 for sources of revised data for pay rolls in nonmanufacturing industries. T h e indicated series on average weekly earnings and average hourly earnings (p. S-14) have been
shown on a revised basis beginning in the March 1943 Survey and data are not comparable with figures shown in earlier issues (see note marked " ! " on p . S-13 of the July 1944 Survey); data prior to 1942 have not been published in the Survey and will be shown in a later issue; there were no revisions in t h e data for industries that do not carry a reference to
this note.
SURVEY OF CURRENT BUSINESS
S-14
August 1946
1946
1945
Unless otherwise s t a t e d , statistics t h r o u g h 1941
a n d descriptiye notes may be found in t h e
1942 S u p p l e m e n t t o t h e Survey
August »
July
June
October
Novem- j December I ber
Janu- i February
ary
March
April j May
EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES-Continued
Manufacturing industries, aversge hourly earnings:
Natl. Ind. Con. Bd. (25 industries)
dollars
U. S. Dept. of Labor, all manufacturing!. - . do .
dn
Durable goods industrlesf
Iron and steel and their products!
...do...
Blastfurnaces, steel works, and rolling millst dn
Flectrical machinery! . _ _.
do
rin
Machinery, except electrical!
Machinery and machine-shop products!.do...
Machine tools
do
do
Automobiles!
Transportation equipment, except autost-~do
Aircraft and parts (excluding engines) _.do_._.
Aircraft engines*
do
rin
Shipbuilding and boatbuilding
Nonferrous metals and products!,
...do....
Lumber and timber hasfe products! .».do
Sawmill^ (incl. logging camps)
do
Furniture and finished lumber products!..do...
Furniture
do
do
Stone, clav, and glass products!-. . _
Nondurable goods industries!.
...do
Textile-mill products and other fiber
manufactures!
dollars
Cotton manufactures, except small
wares!
dollars
do
Silk and rayon goods!
Woolen and worsted manufactures
(except dyeing and
finishing)!
dollars..
Apparel and other finished textile products!
dollars
Men's clothing! _..
. . . . . . . . _ do
Women's clothing!
do
Leather and leather products!
do
Boots and shoes
do
Food and kindred products!
do
do . .
Baking
Canning and preserving!
do
do
Slaughtering and meat packing. . .
do....
Tobacco manufactures!
Paper and allied products!
do
do
Paper and pulp
Printing, publishing, and allied industries!-do.„._
Newspapers and periodicals*
do
Printing, book and job*
do
do
Chemicals and allied products!
Chemicals
do
do . .
Products of petroleum and coal!
Petroleum refining
do
Rubber products!
do
do
Rubber tires and inner tubes
Nonmanufacturing industries, average hourly earnings
(U. S. Department of Labor):*
Building construction
dollars..
Mining:
Anthracite
__
- -do
do
Bituminous coal
Metalliferous
do
do
Quarrying and nonmetallic
Crude petroleum and natural gas
do
Public utilities:
do
Electric light and power
Street railways and busses
do
do
Telegraph
do
Telephone!
Services:
Dyeing and cleaning
do
do
Power laundries
Trade:
do
Retail . .
. _.
do
Wholesale
Miscellaneous wage data:
Construction wage rates (E. N. R.):1
Common labor
_
dol. per hr_.
Skilled labor
____
do..
Farm wages without board (quarterly),
dol. per month..
Railway wages (average, class I)
dol. per br__
Road-building wages, common labor:
United States average
do
v 1.080
v l. ISO
»l.C03
1.034
1.80
3 106. CO
.81
1.111
1.038
.130
.112
1.214
1.061
1.150
1.126
.191
1.268
1.300
1.196
I. 293
1.385
1.072
.822
.809
.852
.872
.629
.904
m
r
.114
.918
.057
.148
.128
.182
.260
.301
.197
.287
1.3.88
1.068
.810
.794
.852
,874
.931
.902
1.103
1.024
1.113
1.109
1.204
1.038
1.134
1.118
1.176
1.245
1.297
1.190
1.271
1. 386
1.067
.813
.799
.835
. 858
.939
.909
1.085
.987
1.072
1.089
1.171
1.014
1.119
1.103
1.152
1.224
1,264
1.176
1.188
1.319
1.044
.819
.804
.833
.850
.937
.903
1.079
.985
1.063
1.078
1.143
1.031
L. 118
1.103
1.172
.219
L.250
1.188
1.188
1.297
1.048
.784
.762
.841
.862
.932
.909
1.088
.990
1.064
1.082
1.146
1.039
1.124
1.109
1.193
1.217
1.244
1.183
1.194
1.301
1. 058
.789
.765
.844
.866
.628
.918
1.102
.994
1. 066
1.091
1.155
1. 050
1.134
1.120
1.210
1.220
1.2o9
1.187
1.208
1.292
1.063
.814
.790
.859
.879
.939
.927
1.029
1.147
1.129
1.206
1.248
1.234
1.222
1.268
1.278
1.091
.836
.810
.871
.891
.907
.953
(°)
1.146
' 1. 035
r 1.103
' 1.169
1.290
' 1. 026
'1.172
1.154
1.214
' 1. 264
1.264
' 1. 233
' 1. 259
' 1.324
'1.113
.848
.826
.888
.913
.985
.975
1.165
1.0£8
' 1.130
' 1.186
1.295 '
1. 095
' 1.179
1.163
1.220
'1.316
'1.316
' 1. 247
'1.294
' 1. 389
'1.129
.8E6
' .834
'.804
.930
'1.003
.988
1.177
071
148
.193
?Q8
138
.187
251
331
1.331
1.262
? 336
401
1.145
.881
860
917
942
1.018
966
.759
,763
770
.763
.773
.786
.795
.803
.833
858
' . 869
873
.705
.753
.708
.766
.698
.761
.698
.762
.713
.777
.721
.788
.724
.790
.753
.812
.788
.838
.799
. 845
.803
.849
873
.869
.877
.866
.882
.884
.900
.922
.988
.999
1.010
1.014
.839
.894
1.043
.857
.832
.877
.861
.797
.S53
.757
.879
.906
1.128
1.287
1.058
.997
1.149
1.207
1.266
1.140
1.307
.829
.891
1.022
.851
.823
.874
.871
.782
.946
.749
.881
.913
1.123
1.292
1.052
.999
1.149
1.217
1.277
1.138
1.296
.846
.896
1.052
.857
.832
.882
.874
.823
.940
.765
.880
.911
1.144
1.317
1.063
1.003
1.160
1.222
1.280
1.119
1.269
.878
.897
1.119
.853
.821
.880
.874
.795
.958
.786
.893
.930
1.158
1.309
1.092
.992
1.148
1.217
1.281
1.068
1.243
.875
.883
1.130
.852
.817
.895
.881
.837
.954
.793
. 897
.931
1.155
1.316
1.079
.991
1.143
1.204
1.285
1.100
1.231
.864
.881
1.113
. 857
. 821
.908
.901
.834
.964
.807
.902
.935
1.171
1.334
1.098
.991
1.148
1.217
1.297
1.112
1.249
.875
.888
1.126
.881
.848
.915
.904
.849
.951
.806
.910
.945
1.188
1.346
1.118
1.001
1.159
1.236
1.315
1.113
1.247
.906
.912
1.106
.904
.877
.921
.904
.846
.961
.824
.928
.969
1. 2C0
1. 364
1.130
1.015
1.180
1.249
1.330
1.121
1.255
.922
.947
1.168
.907
.890
.924
.913
.844
.939
.832
.937
982
.221
1.379
.155
1.021
.198
1.286
1.369
1.129
1.266
.961
.981
1 222
.917
' 896
.943
.920
.859
1.051
.830
'. 957
1.001
' 1. 235
' 1. 400
1.106
' 1. 033
1.211
1.307
1.383
1.138
1.275
. 966
.£93
1.234
.928
'.904
.953
.930
.889
'1.072
.830
.965 I
1.008
'1.245
'1.416
' 1.171
1.044
1.220
1.331
'1.420
1.234
1.422
.956
.997
1.211
.943
.921
.961
.930
.893
1.081
.848
.979
1.024
1.263
1.435
1.186
1.064
1.230
1.340
1.417
1.269
1.452
1.374
1.387
1.383
1.392
1. 396
1.397
1.397
1.402
1.422
1.411
1.423
"1.433
1.170
1.285
1.045
.879
1.184
1.219
1. 254
1.039
895
1.209
1.327
1.249
1.048
.885
1.187
1.345
1.261
1.055
.900
1.222
1.368
1.242
1.043
.902
1.189
1.333
1.263
1.048
.909
1.231
1.380
1.281
1.051
.908
1.251
1.339
1.269
1.036
.907
1.257
1.376
1.265
1.059
.913
1.284
1.376
1.274
1.071
.930
1.308
1.352
1.239
'1.091
'.9E8
' 1.293
1.382
1.314
1.142
.965
1.290
1.136
.970
.833
.941
1.146
.979
.826
.944
1.139
.974
.901
.977
1.149
.983
.825
.959
1.127
.£82
.822
.972
1.162
.981
.820
1.002
1.186
1.013
.822
1.011
1.177
1.007
.813
1.030
1.195
1.011
.833
1.095
1.222
1.001
.851
1.105
1.219
1. 025
.886
'1.131
1.236
1.049
.905
1.145
.773
.666
1.750
>. 656
i. 746
1.649
1.778
1.661
1.794
1.662
1.786
1.673
1.789
'.676
i. 793
1.675
1.793
1.675
i. 815
1.684
i. 833
1.6S8
.769
1.027
.773
1.037
.773
1.013
.783
1.025
.793
1.045
.800
1.056
.796
1.058
.828
1.070
.835
1.095
.841
1.101
'.852
1.121
.861
1.135
.916
1.66
.916
1.67
.916
1.67
.917
1.67
.917
1.67
.917
1.68
.938
1.68
.953
1.70
.968
1.73
.988
1.74
1.004
1.76
1.018
1.77
»93.10
.948
99.00
.957
.943
.963
95 70
.940
.957
.967
95.30
.953
.973
.949
97 40
1.065
.79
.82
.81
.80
.75
.75
.75
.76
92
93
.93
.94
82
64
10
83
65
10
.84
.65
9
'.85
'.66
c
.80
v .94
81
v .85
p .66
74
60
7
81
75
60
7
J
.839
1.703
.78
.69
.83
P.9
1.129
1.002
1.064
1.084
1.107
1.004
.070
.095
,169
. 053
1.1S9
1.123
.195
.230
I, 231
1.188
.258
.273
I. 066
.830
.804
.864
.882
.942
.941
.692
.747
PUBLIC ASSISTANCE
mil. of dnl
Total public assistance
Old-age assistance, and aid to dependent children and
the blind, total..
mil. of doL
do
Old-age assistance
General relief
.
do
1.106
1.033
82
83
85
87
88
75
61
7
76
61
7
78
62
8
79
63
8
80
63
8
90
81
64
9
' Revised, v Preliminary. §Sample was changed in November 1942; data are not strictly comparable with figures prior to that month.
• The average for workers who were employed in February was $1,217; this average is affected by strike conditions, since maintenance workers were left on during the strike
while low-paid production workers were out; the average is therefore omitted from the table above to avoid misinterpretation.
* Not comparable with data prior to July 1945; comparable June 1945 figures: Dyeing and cleaning, $0,757; power laundries, $0,657.
JData beginning April 1945 are not comparable with earlier data; see note for hours and earnings in telephone industry at the bottom of p. S-13 of the April 1946 Survey.
back to 1839 will be published later
fSee note " t " on p. S-13.
SURVEY OF CURRENT BUSINESS
August 194*5
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in th©
1942 Supplement to the Survey
1946
1945
June
August Septem-
June
July
S-15
1946
October
Novem- December
ber
January
February
March
April
May
FINANCE
BANKING
Agricultural loans outstanding of agencies supervised
by the Farm Credit Administration:
Total
.__
..-.mil. of dol.
Farm mortgage loans, total
.
_do_..
Federal land banks
do...
Land Bank Commissioner
do...
Loans to cooperatives, total...
do
Banks fcr cooperatives, inch central bank—do
Agr. Marketing Act revolving fund...
do „
Short term credit, total
do_.._
Federal intermediate credit bankscf—
do
Production credit associations
_....do..._
Regional agricultural credit corporations...do
Emergency crop loans
do
Drought relief loans.do
Bank debits, total (141 centers)!
do
New York City
„
do
Outside New York City
do....
Federal Reserve banks, condition, end of month:
Assets, total
.do
Reserve bank credit outstanding, total...
do
Bills discounted...
do
United States securities
do
Gold certificate reserves ®___
do
Liabilities, total.
do
Deposits, total
do
Member bank reserve balances
do
Excess reserves (estimated)
do
Federal Reserve notes in circulation
do
Reserve ratio
...percent..
Federal Reserve weekly reporting member banks, condition, Wednesday nearest end of month:
Deposits:
Demand, adjusted
mil. of dol..
Demand, except interbank:
Individuals, partnerships, and corporations-do
States and political subdivisions._
.do....
United States Government
do
Time, except interbank, total....
do
Individuals, partnerships, and corporations-do.......
States and political subdivisions. _
do
Interbank, domestic.
do
Investments, total...
do....
U. S. Government direct obligations, total...do
Bills
....do...
Certificates..
do..,.
Bonds
.__„....
do....
Notes...
_
„
do
Obligations guaranteed by U. 8. Government.do.....
Other securities
do....
Loans, total.
....
do..
Commercial, industrial, and agricultural? oo
To brokers and dealers in securities
...do
Other loans for purchasing or carrying securities
mil. of dol..
Real estate loans
do
Loans to banks..
do.._.
Other loans
...do
Money and interest rates:!
|
Bank rates to customers!
|
New York City...
_
percent..
7 other northern and eastern cities
do
11 southern and western cities.
do...
Discount rate (N. Y. F. R. Bank) •
do....
Federal land bank loanst
do....
Federal intermediate credit bank loans
..do....
Open market rates, New York City:
Prevailing rate:
Acceptances, prime, bankers', 90 days
.do
Commercial paper, prime, 4-6 months
do
Time loans, 90 days (N. Y. S. E.)
do....
Average rate:
Call loans, renewal (N. Y. 8, E.)
.do....
U. 8. Treasury bills, 3-mo.
do
Average yield, U. 8. Treasury notes, 3-5 yrs.:
Taxable*
do
Savings deposits, New York State savings banks:
Amount due depositors..
....mil. of dol—
V. 8. Postal Savings:
Balance to credit of depositors
do
Balance on deposit in banks
do
479
84
8C4
4
105
32
78,191
34 972
43, 219
1,662
1,370
1,061
309
138
135
2
454
30
267
10
112
36
89,441
41, 725
47,716
1,940
1,351
1,049
302
133
131
2
455
29
270
10
111
36
71,876
33, 590
38,286
1,908
1,335
1,044
292
126
124
2
447
28
264
10
109
35
66,155
29,388
36,767
1,876
1,316
1,040
275
130
127
2
430
27
252
10
106
35
64,263
28,545
35, 718
1,846
1,294
1,036
259
152
149
2
400
25
230
10
101
34
73, C£0
34. £84
39', 006
44,828
24,456
157
23,783
18,103
44,828
18, 2C6
16,123
'1,112
24,191
42.7
42,212
22,304
46
21,792
18,055
42,212
17,188
14,920
1, 585
23, 019
44.6
42,195
22,359
302
21,717
17,981
42,195
16,896
14, 794
1,037
23,314
44.7
42,896
23,207
362
22,530
17,926
42, 8C6
17,139
15,011
920
23,864
43.7
43,835
24,082
334
23,328
17.898
43,835
17,861
15,520
1,153
24,003
42,8
39,522
36,367
37,533
38,140
39, 295
2,486
10,119
9,943
120
9,025
46,831
43,431
758
9,415
26,744
6,514
6
3,394
14,917
7,529
2,119
2,013
1,277
90
1,889
36,525
1,(09
14,978
8,567
8,415
109
9,799
49,702
46, 523
1,889
10, 539
24,557
r 9,538
20
3,159
13,835
5,623
2,727
37,626
1,904
13,741
8,786
8,637
107
9,399
50,303
46,992
1,656
10,581
25,190
9,565
8
3,303
13,393
5,926
2,421
38,115
1,864
11,739
9,008
8,853
111
9,655
49,705
46,360
1,463
10,196
26,253
9,448
11
3,334
12,841
5,982
2,263
38,677
1,975
9,406
9,160
9,008
110
9,762
48,444
«• 2,607
1,052
78
r 1,448
'2,416
1,055
94
••1,481
1,993
1,058
77
1,468
1,550
1,063
76
1,485
1.84
2.51
2.97
1.00
4.00
1.50
2.20
2.55
2.80
1.00
4.00
1.50
1.00
4.00
1.60
1.00
4.00
1.50
2.05
2.53
2.81
1.00
4.00
1.50
1.00
4.00
1.50
1.00
4.00
1.60
1.00
4.00
1.50
.50
.75
1.25
.44
.75
1.25
.44
.75
1.25
.44
.75
1.25
.44
.75
1.25
.44
,75
1.25
.44
.75
1.25
1.00
.375
1.00
.375
1.00
.375
1.00
.375
LOO
1.00
.375
1,779
1,182
l,C08
174
118
115
3
8, eeo
i 1.15
1.16
1.16
1.17
8,762
7,711
7,791
7,893
3,110
5
2,659
8
2,720
2,785
8
45,133
1,310
9,803
24,840
9,180
10
3,303
12,686
6,218
2,194
.375
1,808
1,272
1,030
242
165
161
3
372
25
207
34
71,501
32,246
39,255
1,782
1,256
1,028
228
162
158
3
363
28
189
6
97
34
92,809
45,035
47,774
1,770
1,236
1,022
214
161
156
3
373
29
208
5
97
33
80, 796
38,819
41,977
1,772
1,776
1,770
1,209
1,226
1,198
1,015
1,012
1,022
194
186
205
144
125
154
120
138
148
3
3
3
423
448
391
29
31
28
274
252
226
4
4
4
105
106
100
33
32
33
66, 708 79,119 79,330
30,498 35,670 37, 208
36, 210 • 43,449 42,122
1, 777
1,188
1,009
179
124
119
3
460
32
291
4
106
32
77,518
35,085
42,433
43.889
23,987
439
23,276
17, 879
43.889
17, 525
15,723
£04
24,215
42.8
44,611
24, 697
775
23,472
17,870
44,611
18,097
16,022
1,024
24,365
42.1
45,063
25,091
249
24, 262
17,863
45,063
18, 2C0
15,915
1,471
24,649
41.7
44, 268
23,976
294
23, 264
17,983
44, 268
17,822
16, C82
1,089
24,153
42.8
44,093
23,648
347
22,904
18,049
43,487
17,559
15,537
1,014
24,131
43.3
43,889
23,630
626
22,601
18,075
43,277
17,659
14,853
627
23,993
43.4
43,652
23, 357
279
22,732
18,097
43,030
17,451
15, 606
959
23,925
43.7
43, 807
23,518
254
22,932
18,092
43,807
17,365
15, 653
••807
24,064
43.7
39, 662
40,247
37,066
38,026
37,610
37,116
38,242
38,941
?9,726
2,137
9,296
9,148
104
9,977
48,435
45,133
969
9,863
25,133
9,1.68
9
3,293
12,610
6,328
2,177
1,306
5,060
120
1,519
40,230
2,181
8,547
9,347
9,194
110
10,463
48,749
45,489
975
9,832
25,729
8,953
12
3,248
13,632
6,778
2,481
37,674
1,949
16,660
9,447
9,304
99
11,092
52,058
48,664
1,761
12,130
26,737
8,036
10
3,384
15,890
7,249
2,791
37,933
2,123
16, 227
9, 566
9,416
106
10,162
53,021
49,648
1,742
12, 778
27,184
7,944
8
3,365
15,190
7,300
2,337
37,741
2,160
16, 481
9,695
9.526
123
10,056
52,970
49, 511
1,517
12,860
27,234
7,900
7
3,452
15,178
7,382
2,345
36,990
2,243
14, 536
9, 756
9,582
127
9.381
50, 285
46,812
785
11,944
27,034
7,049
6
3,467
15,690
7,464
2,823
38,041
2,456
12,363
9,881
9,704
129
9,533
49,380
45,986
1,052
10,626
27,402
6,906
7
3,387
15,053
7,473
2,204
38,669
2,433
11,377
10,030
9,851
128
9,153
48,983
45,586
1,014
• 10. 387
' 27,471
6,714
7
3,390
14,904
7,482
2,167
1,638
1,073
66
1,596
2,958
1,095
83
1,714
2,687
1,107
56
1,703
2,520
1,129
55
1,747
2,382
1,152
68
1,801
2,224
1,195
91
1,866
2,113
1,228
74
1,840
1.00
4.00
1.50
1.00
4.00
1.50
1.75
2.34
2.93
1.00
4.00
1.50
1.00
4.00
1.50
1.00
4.00
1.50
.44
.75
1.25
.44
.75
1.25
.44
.75
1.25
.44
.75
1.25
.44
.75
1.25
.47
.75
1.25
1.00
.375
1.00
.375
1.00
.375
1.00
.375
1.00
.375
1.00
.375
1.00
.375
U.14
i 1.15
11.10
i 1.03
8,144
8,283
8,357
8,419
1.71
2.23
11.12
W.19
8,003
2,836
8,078
2,880
2,909
6
2,933
2,981
5
3,013
5
» 1.18
8,502
8,560
8,634
3,043
5
3,062
5
3,088
• 5
CONSUMER SHORT-TERM CREDIT
r
7, 315
6,564
5,649
6,344
6,734 r 6,506
P 7, 754
5,697
5,654
5,702
6,000
Total consumer short-term debt, end of month*..do
2, 507 r 2,652 P2, 781
2,408
2,364
p 2,899
2,086
2,365
2,010
2,190
Instalment debt, total*
_
.do
1,987
1,992
1,988
957 P 1,004
905
879
877
v 1,035
706
754
903
712
717
805
719
8ale debt, total*
.do
318
289
264
245
235
227
192
196
202
210
219
*>338
188
Automobile dealers*
do
200
188
184
189
144
156
173
198
p 209
Department stores and mail-order houses*..do
150
145
142
288
279
274
272
232
235
247
262
*>299
237
235
283
Furniture stores*
.do
15
14
14
14
11
11
12
14
Household appliance stores*
.....do
p 17
11
11
11
60
59
61
44
66
49
45
44
47
74
Jewelry stores*
_..
.do
47
105
101
v 108
••100
Allother*........
.do....
86
92
107
101
84
82
80
81
r
Revised. » Preliminary. § Includes open-market paper. ^ For bond yields see p. S-19 .
i For Sept. 15-Dec. 15 includes Treasury notes of Sept. 15, 1948, and Treasury bonds of Dec. 15, 1950: Beginning Dec. 15, includes only the bonds of Dec. 15,195a
<? Excludes loans to other Farm Credit Administration agencies.
t Rate on all loans; see note on item in April 1946 Survey.
® Effective June 12, 1945, only gold certificates are eligible as reserves; for total reserves through May 1945, see April 1946 Survey and earlier Issues.
• A rate of 0.50 was in effect from Oct. 30, 1942-April 24,1946, on advances to member banks secured by Government obligations maturing or callable in 1 year or less.
•New series. Data beginning December 1940 for the series on taxable Treasury notes are available on p. S-14 of the April 1942 and later issues of the Survey. For Information
regarding the series on consumer credit see note marked "*" on p. S-16.
tBank debits have been revised beginning May 1942 to include additional banks; see note In the April 1946 Survey for source of 1942 data.
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through 1941
and descriptive notes m a y be found in the
1942 Supplement to the Survey
1945
1946
June
August 1946
July
June
August
1946
Novem- December
ber
Sep- | Octotember I ber
January
February
March j April j May
FINANCE—Continued
CONSUMER SHORT-TERM CREDIT—Cont.
Consumer short-term debt, end of month—Continued.
Instalment debt—Continued.
Cash loan debt, total*
mil. of dol..
Commercial banks*
do
Credit unions
-do
Industrial banks*
____do
Industrial loan companies*
do
Small loan companies
do
Insured repair and modernization loans*..-do
Miscellaneous lenders*
do
Charge account sale debt*
do
Single payment loans*
.....do
Service credit*
do_..,
Consumer instalment loans made by principal lending
institutions:
Commercial banks*__
_...mil. of doL.
Credit unions
.
do
Industrial banks*
do
Industrial loan companies*.
do.*..
Small loan companies
.
do
\
1,804
v 700
v 149
»92
* 79
p 500
v 239
p 99
p 2 332
* 1,696
T
1, 268
400
122
70
63
389
136
88
1,544
],420
746
1,280
406
122
70
63
391
140
88
1, 459
1,452
751
1, 282
406
121
70
63
389
145
88
1,441
1,466
754
1, 293
413
120
70
64
387
152
87
1,470
1, 466
756
1,332
428
121
71
64
395
165
88
1,666
1,490
758
1,385
448
124
73
67
409
174
90
1,835
1,556
763
1,462
471
128
76
70
445
179
93
1,981
1,616
772
1,487
494
127
76
70
446
181
93
1,701
1, 659
782
101
23
18
16
133
1}529
1,602
522
128
78
71
452
184
94
564
132
82
73
462
194
95
1,692
1,671
1,972
1.695
793
104
19
14
14
36, 502
36, 257
35, 828
5,152
5,163
5,165
577
574
580
4, 586
4, 578
4, 585
678
667
699
1,523
1,514
1, 531
27, 556
28,043
26, 733
18, 705
19,157
17, 672
17, 368
17,837
10, 328
4 249
4, 255
4. 391
2, 558
2, 5S4
?. 597
2,044
2, 047
2,073
526
527
893
811
599
807
321. H 7 440, 694 352, 397
33,132
87, 495
49, 026
25, 250
26, 978
i7,«r9
88, 207
68, 278
n,77?
239, 742 208,115
v 28
v 19
' 1. 695 r 1, 777
'608
* 656
v 142
137
85
76
482
r 210
97
*492
v 223
804
2,138
1,710
'815
* 2,188
p 1,708
r 822
105
19
14
14
80
132
24
18
16
103
138
25
18
16
105
* 148
* 28
p 19
v 16
36,660
5,138
36, 882
5,148
37, 080
5,163
37, 274
5,189
581
4. 608
608
1,488
28, 823
10.051
] S 239
'I.3rf2
LIFE INSURANCE
Life Insurance Association of America:
35,070
35,631
34, 864
35, 231
35,433
Assets, admitted, totaltA
mil. ofdoL
5,182
5,202
5,166
5,153
5, 205
Mortgage loans, total...
.do.__.
688
587
584
583
588
Farm.
do
4,614
4,582
4, 595
4,617
4, 570
Other
_
...do...
744
723
734
714
760
Real-estate holdings
..do
1, 569
1.558
1, 548
1,539
1,681
Policy loans and premium notes
„
__do
26, 367
26. 616
26, 721
26, 702
26, 242
Bonds and stocks held (book value), total
do
17,212
17, 287
17, 372
17,438
17,140
Govt. (domestic and foreign), total
do
15,894
16. 050
16,123
15, 958
15, 784
IT. 8. Government
_.._...
do
4, 408
4. 496
4,452
4, 455
4, 400
Public utility.
_
do. .
2 (04
2. 0 ','>
2, 0 1 ^
2. CW>
Railroad
„
do'. .
2.221
2,1*3
2, d%
Other... .
do. .
5M i
5.,3
437 j
459
Cash
do _.
7*1 i
fT
704 I
617
Other admitted assets
. . _. do .
'\-7, 541 318,^0 ' 310, MJ ' 320, 12^ j
Premium collections, total©
thou*'. of del.
>
,
7*9
49.
bU)
I
,r>, 7f<o
Annuities
.....
...
d* .
I*,b7i
20,8;0
21.479 i 21 f U I
Group
_ _ do __
2^, 161
74,
H7
.
"
.
8
3
1
;
Industrial
do_
7G1
L'2r<. 7< 0 192 104 I I'jOiOH j 200, o"t4
Ordinary
_.. _ dr.
I nstitute of Life Insurance:*
!
Payments to policyholders and benercfarie<?
i
2 L 1 . c 0 4 j 218, r T 2
"10 7f'i | 104,408 ! 22S
total.
thons *..' dol.
-9,314 I H ° , 531
102, 026
1 1 " "< y< H " 1LM
Death claim payments.
d«> _
,M 12^
Matured endowments
.
. .._ rir. .
1TO OP I 40 350
f, sr. ' 8.
Disability payments
don
If. 713
Annuity payments
^ •V;i 15,'
I \ 562
Dividends.do
19,
S
18,703
|
Surrender values, premium notes, etc
do
Life Insurance Agency Management Accoc*nt*on:
Insurance written (new paid-for insur? re^V f
1,001, 2.>8 1,221.831
ov. 7:
Value,, total
thou* o'd oL
05,179 j 88, < M
"\ I.1.',
Gronr? .
_
. . (*o
: 9J
221,'. '.2 092, 0S3 j 2^8, ."90
Tnriwtrtel
.
do.
.'
10
"1
^ 1 , OP'j
Pf'4,2'1
7S-'
415
Ordinnrv, total
c'o
",0/)V)
01.722
5" !14
New Fngiand
. ..
<V
4^,84'.
1
22s*. 8*V.
11.
""4
j
2
'
'
,
'
H
Middle Atlantic..
.
. do.
1-9.701
isr, "-,«
1,711 171. l^1^ !
14<\ "
East North Central
. . do
7*. 9S
S2, 8 !Q
71 <;! ,")
Wpst North Central..
. . . ^o.
11". I'll
95.210
<»r ~79
8°, 2 >?
South Atlantic __
do.
.",1)1"
:vj ,T2
.
.
30.'
'70
Fast South Central
do
61,013
7""» ! ,' f i 770
West South Central
. . . r\o
<0
79"
22,
8S
"
>
26, 00 T
23
7f.S
!
I
?
'
}
>
$
j
Mountain
. .
_ _. .do.
1
137, in!
SO, "32
80,270 I SO. Ci" 2 ' 71, oro
Pacific
do
MON ETA RY STA TT STICS
239. 748
101.319 101. 343
*1 373 30, 731
7,209
f. :'o(»
14.523
1\0"0
: 1,699 58. 906
26, 976
13, 114
80 i,
to,
261,549
120, 377
40, 344
8. 294
21,074
46,104
25. 356
573
569
4,565
4,579
656
632
622
1, 507
28, 260
19, 249
17,937
4,290
2, 595
2,126
1. 500
28. 367
19. 357
]S, 035
4 9*"'8
2, ."63
2.130
1,494
28,545
19.413
I N 090
4,312
2, f 49
2, L71
275
?S3
K'?
824
O K A 1/1*7
,
42, 063
22,943
65, 579
219, 562
575
4, 588
571
o > f-C'~2* 3
71 010
25?. U S •
221,902 I 254. 135
104,642
lift.?"' 1 ,
32, 587
35.;: 3
7,179
7
I f "2 7 I
15, 597
4".5,V)
38,179
23,718
2V213
^72
o,,-
47, ( i"i
2.. W7.
•11
.&
;n
~2
17')
4 ~\)
^7s
i,
"V
I'.'O
11,449.014 1,350.915 j1,516,833 ],Mr,31f.
' 214,760
49, 780
88,416 113. S03 1
ir ;
324
263.151 275, 647 ! 307,074 355.691 i
941,103 1,025.488 {1,121,343 1.3'.r.S21 1. 173. 519 1,4-].'
.744
99.114 j
63, 267
78, 235 ! 83,573
235, 875 288,146 311,753 364,915 ! 2l-5030
,'.('2 3i 1.
2^6.
R74
202.162 230,310
I
.521
247, 889
, (h 6 1 «,.
94, 645
96,091 100,841 123.:" 2
v
142.
(4
>
n>7
95, 808 101, 263 113,212
,3^4
37. 231
36.008
41,642 j .-2 H13
09,120
.
-)(|7
I
ICO
70. 749
78, 747
86, 870
38.662 ' 43,9-3
31. 561
29,107
32,159
129,483
,907
'
141
101,807
95, 579 103,404
I
Foreign exchange rates:
. 298
298
. 298
.298
. 298
.298
.298
.298
.298
.298
.298
.298
Argentina
dol. per paper peso.
. 0G1
.001
'. 061
.061
.001
.061
.061
.061
.061
. 061
.061
.061
061
Brazil, official
_-dol. per cni7e1ro..
. 302
.302
.301
. 301
. 301
.301
. 301
.301
301
.301
301
.301
. 301
British India
dol. per rupee..
.
900
. 907
908
.
907
.907
.905
.907
.907
899
.907
.
904
.
907
. 908
Canada, free rate §
dol. per Canadian dol..
, 570
.570
.570
.570
.570
.570
.570
.570
570
. 570
.570
.570
.570
Colombia
dol. per peso.J
.200
.206
.206
.206
.206
206
.206
.206
.206
I
.206
.206
.206
. 206
M exi co
do
i
4.034
4. 035
4.034
1.030
4.027
4. 034
4.034
4,025
4 034
4.034
4.032
4.034
4.035
United Kingdom, free rate?.-.
dol. per £__
Gold:
20, 088
20. 256
20,152
20,073 I 20, 036
20,030 ! 20,065
20,156
20 251 20, 242
20,232
Monetary stock, U. S
mil of dol..| 20, 270 20, 213
15,090
27, 401
34, 647 1-38,202
19 729
-4,257 -12,529 - 5 , 770
Not release from earmark® . . .
____t.hous. of doL.i 15,010 96,026 -100,347 - 6 2 , 9 9 0 -19,009
28, 707
2S. 423
6,
742
361
748
15,871
261
2,
357
20,146
116
86.3S8
!
20,795
467
Gold exports f
do
I
!
a
I
1,079
2,425
7
889
3,531
3,140
31.757
13. 757
39, 399 154,186
2,631
13,816
82,906
Gold imports 5
-<3o_.__' 37, 077
r
t 36 companies having 82 percent of the total assets of all United States legal reserve companies.
Revised.
Preliminary.
on request.
A In January 1944 one company was replaced by a larger one and the 1943 data revised accordingly; revisions for January-September 1943 are available
g
® 39 companies having 81 percent of the total life insurance outstanding in all United States legal reserve companies.
• Or increase in earmarked gold (—).
§ Data for the United Kingdom through June 1945 shown above and data back to February 1943 shown in earlier issues are the official rate; there was no free rate during this
period. The official rate for Canada has been $0,909 since first quoted in March 1940.
1 Publication of data was suspended durine the war period: data for November 1941 to February 19-15 will be published later.
* New sories. Estimates of consumer short-term credit as originally compiled are published in the November 1942 Survey, pp. 16-20, and the general estimating procedure described
in that issue: data for various components have subsequently beer, revised from time to time; revisions that have not been published are indicated in the note marked "*" on p. S-15
of the April 1946 Survey. Data for industrial banks and industrial loan companies were formerly shown combined as industrial banking companies. The. series on payments to policyholders and beneficiaries represents estimated total payments in the United States, including payments by Canadian companies (see also note marked " • " on p. S-16 of the April
1946 survey).
t Revised scries. All series for insurance written are estimated industry totals and, with the exception of data for ordinary insurance, are revised series not comparable with data
published in the Survey prior to the March 1946 issue (see note in that issue "for the basis of the estimates). The data for ordinary insurance continue the data from the Life Insurance
Sales Research Bureau which have been published regularly in the Survey; revised data for 1940-44 for industrial, group, and the total will be published later.
SURVEY OF CURRENT BUSINESS
August 194ti
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1946
1945
June
Sep.
tember
June
July
August
S-17
1946
October
Novem- December
ber
January
Febru-
March
April
May
FT NANCE—Continued
MONETARY
STATISTICS—Continued
Gold—Continued.
Production, reported monthly, totals
thous. of d o L .
Africa
do
Canada^
.do--.
United S t a t e s ^
do
Money supply:
28, 245
Currency in circulation
mil. of doLDeposits adjusted, all banks, and currency outside
banks, total*
mil. of doL. *170, SCO
Deposits, adjusted, total, including U. 6. deposits*
mil. of doL. 44, 400
Dcmand deposits, adjusted, excl. U. S.*
do
'79, SCO
7C0
Time deposits, Including postal savings*_.-do
Siiver:
822
Exports A
.thcus. of dol_.
,187
ImportsA
do.....
.708
Price at New York
._.doL per fine oz__
Production:
Canada
---thous. of fineoz._
United States
...do
r
53,016
39,020
7,426
r 2, 319
26, 746
162,784
137, 6£ 7
f 9,053
44,2f3
26, f 94
I,8f8
.448
1.1C0
1,655
r
' 55, 739 ' 54, 686
39, (00
40,(83
7,726
8,034
' 3,822
' 3, 639
27,826
28, 211
28,049
167,300
162,9C0
163,9C0
130,800 137, 600 141, COO
75,C00
78,200 80,(00
46, POO
47, 700 47, 91 0
' 54,896
38,110
8,391
' 3,635
55, 758
39,086
8,346
3,984
36, 054
' 8,013
v 3,669
34,090
' 8, 677
v 4,157
8, 338
v 3, 937
v 4, 339
28,515
27,917
27 954
27,879
27,885
' 28,120
177,000 *173, 700
•174,200
'173, 400
' 53,143
39,600
7,357
r 1,881
53, 363
37,477
7,411
«• 3,331
27,108
27, C85
163,600
163,200
128,1C0
72,210
45,100
1S7,3CO
74.000
46, COO
518
1, 192
448
3,151
l,0. r 9
.448
84
1.5C9
. 529
236
5, 768
. 707
9,528
2,835
.708
12, 592
3,173
.708
20, 937
2,490
4,794
3,679
.708
888
1,602
.70S
119
2,918
.708
951
2,074
1,055
'£, 302
963
2, SCO
1,036
2,780
1,096
2,654
1,153
2,031
1,205
2,153
r 1,042
1,166
1,056
52, 756
38, 603
7,404
'2,729
175,401 *176,3OO
348,911 p]50, 200 v 150,900 P147, 600 P148,000 P147, 000
75,851 * 76,600 v 76, 200 v 75,100 *>77. 400 78,500
48,452 p 49,000 v 49, 700 » 50,100 »50; 600
5 1 , 100
268
930
.708
P R O F I T S AND D I V I D E N D S (QUARTERLY)
Industrial corporations (Federal Eeserve): d*
Net profits, total (629 cos.)
mil. of doL
Iron and steel (47 cos.)
do
Machinery (69 cos.)
do.._
Automobiles (15 cos.)
...do
Other transportation equip. (68 cos.)
do
Nonferrous metals and prod. (77 cos.)
do
Other durable goods (75 cos.)
...
do
Foods, beverages and tobacco (49 cos.)
do_-_.
Oil producing and re£ning (45 cos.)
..-do
Industrial chemicals (30 cos.)
do
Other nondurable goods (80 cos.).
do
Miscellaneous services (74 cos.)
do
Profits and dividends (152 cos.):*
N e t profits
do
Dividends:
Preferred.
do
Common
do
Electric utilities, net income (Fed. Res.)*
do
Railways, class I, net income (I. C. C.)
do
Telephones, net operating income (Federal Communications Commission)
—.mil. of doL.
P U B L I C FINANCE
439 !
37 i
508
53
42
77
M7
27
21
46
64
4h
38
47
20
50
61 j
8
d
d io
19
12
65
54
62
37
51
40
58
I
312
25
17
269
63
246
112
22
145
123
189.8
224
22
182
145
20
146
176
13.7
99.2
72.7
21
143
116
123.0
60.6
59. 8
(FEDERAL)
U. S. war and defense program, cash expenditures, cumulative totals from June 1940:*..
mil. of doL.
U. S. Savings bonds:*
Amount outstanding.
_. d o . . .
Pales, series E, F , and O
do....
Redemptions
do...
D e b t , gross, end of month®
do...
Interest bearing:
Public issues
___
do
Special issues §
..do
Noninterest bearing
do
Obligations fully guaranteed by U . S. Gov't:
Total amount outstanding (unmatured)
do
Expenditures and receipts:
_ Treasury expenditures, total
do...
"
War and defense activities!.
_ . . . . do
Transfers to trust accounts\
do...
Interest on debt
._do...
Allother:
do...
Treasury receipts, total
do
Receipts, net
do
Customs
_.do
Internal revenue, total
do
Income taxes
_
do
Social security taxes
do
N e t expenditures of Government corporations and
credit agencies*-.
mil. of doL.
Government corporations and credit agencies:!
Assets, except interagency, total
mil. ofdoL.
Loans receivable, total (less reserves)
do
To aid agriculture
do
T o aid home owners
do
To aid railroads
do
To aid other industries
do
To aid banks
_
do_._
To aid other financial institutions
do
Foreign loans
_
—
do
AH other.
do
485
49 j
47
58
290,417
297,826
319,063
323,416
326,961
329, 773
332, 432
334,995
337,110
49,053
571
519
2C9,422
46, 586
2,178
403
258,682
46,508 46,715
1,295
700
428
531
262,045 263,001
46, 741 46, 786 47,473
514
625
1,184
528
616
533
262,020 261,817 265,342
48,224
1, 254
559
278,115
48,617
960
630
278,887
48, 718
622
565
279, 214
48, 756
626
634
276, 012
48,849
668
621
273, 898
48,936
594
552
272,583
245,779
22,332
1,311
237,545
18,812
2,326
240,223
19,558
2,264
239,111 238, S62 242,140
20, 518 20, 577 20, 710
2,391 * 2, 378 * 2,492
255,693
20,000
2,421
256,801
20,655
1,431
257, 016
20,897
1,301
253, 613
21,135
1,264
251, 487
' 21, 224
1,188
249,960
21, 481
1,143
339,2C4
304, 286 SCO, 754 314,872
240,713
20,033
2,255
4G7
409
484
515
527
541
536
553
545
539
542
533
542
5,513
2,442
9,641
7,837
335
1.009
460
5,916
5,914
33
5,384
4,757
8,557
7,324
530
156
547
2,754
2,695
33
2,527
1,743
7,354
6,398
162
99
695
3,281
2,997
32
2,849
1,665
306
6,611
5,365
34
647
564
5,192
5.189
30
4,847
4,208
5,950
5,124
38
172
617
2,581
2,530
36
2,340
1,593
68
4,656
4,224
0
84
348
2,609
2,374
35
2,383
1,524
257
5,445
4,244
0
817
384
4,122
4,118
32
3,948
3,366
69
4,891
3,417
684
309
482
3,848
3,819
42
3,451
2,755
51
3, 510
2,702
148
118
543
3.875
3,678
33
3,684
2,790
310
4,602
2,550
23
646
1,383
5,762
5,747
42
5, 583
4,838
100
4,251
2,560
200
174
1, 316
2,734
2,677
45
2,310
1,603
65
3,677
2,182
95
106
1,294
2,998
2,733
42
2,308
1,407
1285
-395
-635
-4
181
33, 741
5,187
2,878
8S6
223
232
40
227
423
707
33, 325
5, 069
2,816
825
196
200
25
185
545
715
1,S95
1, 671
4,482
4, 479
35
4,080
3, 392
76
-274
778
33,472
5,'467
2,971
1,027
243
185
46
163
432
850
34,159
5, 321
2,948
961
232
185
43
132
432
845
' Revised.
p
e t o G o v e r n m een t agencies
g e e a n d t r u s tt f u n d s . ®
® D a t a are o n basis cf D a i l yy T r e a s u r yy S t a t e m e n t ( u n r e v i s e d ) .
P r e l i m i n a r yy. <* Deficit. §§ Special
issues
22
' Partly estimated.
I n c lluudde s p r e p a y m e n tts on securities
iti sold
ld ddurr i n g loan
l
ddr i v e bbe gii n ni i n g in
i t h e m o n tth
h b ut t issued
i d
after
ft
tthh e close
l
off tthh e m o n tth
h.
1 T h e total excludes Mexico included in t h e t o t a l as p u b l i s h e d t h r o u g h M a r c h 1942, J a n u a r y - M a y 1942 a n d 1943 revisions for t h e U n i t e d S t a t e s a n d t h e t o t a l , a n d 1941 revisions
for C a n a d a a n d t h e t o t a l are available on r e q u e s t ; see also n o t e in A p r i l 1946 S u r v e y regarding revisions for 1944. T h e 1945 figures for t h e U n i t e d States h a v e b e e n a d j u s t e d t o t h e
a n n u a l t o t a l compiled b y t h e U . S. M i n t b y a d d i n g a c o n s t a n t a m o u n t ($197,000) t o figures for each m o n t h , a n d t h e total r e p o r t e d m o n t h l y corrected accordingly; t h i s a m o u n t s h o u l d
be a d d e d t o t h e J a n u a r y - M a y 1945 figures p u b l i s h e d i n t h e J u l y 1946 S u r v e y a n d earlier issues.
A P u b l i c a t i o n of d a t a s u s p e n d e d d u r i n g t h e w a r period; d a t a for N o v e m b e r 1941 t o F e b r u a r y 1945 will be p u b l i s h e d later.
cf T h e totals for 629 c o m p a n i e s , t h e miscellaneous g r o u p , a n d n e t profits of 152 c o m p a n i e s h a v e been revised beginning 1941, t r a n s p o r t a t i o n e q u i p m e n t b e g i n n i n g 1942, a n d o t h e r
series for some q u a r t e r s of 1943; revisions t h r o u g h t h e second q u a r t e r of 1944 h a v e n o t b e e n p u b l i s h e d a n d are available on r e q u e s t .
{For 1941 revisions see p . 17 of t h e N o v e m b e r 1942 S u r v e y ; d e b t r e t i r e m e n t s w h i c h h a v e b e e n c o m p a r a t i v e l y small in recent y e a r s are excluded.
*New series. F o r d a t a for 1929-40 for profits a n d d i v i d e n d s of 152 c o m p a n i e s see p . 21, t a b l e 10, of t h e April 1942 S u r v e y (see n o t e m a r k e d " c f " a b o v e r e g a r d i n g 1940-44 revisions).
See note on p . S-17 of S e p t e m b e r 1944 S u r v e y regarding t h e scries on n e t income of electric utilities a n d d a t a b e g i n n i n g t h i r d q u a r t e r of 1943, a n d p . S-16 of t h e A u g u s t 1944 S u r v e y
for a brief description of t h e n e w series o n b a n k deposits a n d c u r r e n c y o u t s i d e b a n k a n d figures b e g i n n i n g J u n e 1943; earlier d a t a for these series will b e p u b l i s h e d l a t e r . D a t a beginning J u l y 1940 for t h e series o n t h e w a r p r o g r a m are s h o w n o n p . 29 of t h e J u n e 1943 S u r v e y ; b e g i n n i n g J u l y 1945 d a t a are from t h e T r e a s u r y D a i l y S t a t e m e n t ; earlier figures were s u p plied b y t h e W a r P r o d u c t i o n B o a r d . See n o t e in April 1946 S u r v e y fora brief description of t h e series on w a r savings b o n d s a n d p . S-16 of t h e October 1942 S u r v e y for sales b e g i n n i n g
M a y 1941; beginning M a r c h 1945, a m o u n t o u t s t a n d i n g includes m a t u r e d b o n d s n o t t u r n e d in for r e d e m p t i o n . See p . S-18 of t h e N o v e m b e r 1913 S u r v e y for a n e x p l a n a t i o n of t h e
d a t a on n e t e x p e n d i t u r e s of G o v e r n m e n t corporations a n d credit agencies a n d figures beginning A u g u s t 1942.
t R e v i s e d series. See n o t e m a r k e d "f" on p . S-18.
S-18
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
June
1946
August 194G
1946
1945
June
July
Sep-
(August
October
Novem- December
ber
Jan u
sry
February
March
May
FINANCE—Continued
PUBLIC FINANCE (FEDERAL)—Continued
Government corporations and credit agenciest—Con.
Assets, etc—Continued.
Commodities, supplies, and materials.-.mil. of dol
TJ S Government securities
do
Other securities
do
Land structures and equipment
do
All other assets
do
Liabilities, except interagency, total.
do
Bonds, notes, and debentures:
Guaranteed bv the United States
do
Other
do
Other liabilities
do
Privately owned interests
do
TT. S Government interests
do
Reconstruction Finance Corporation, loans outstanding,
end of month, totalf
mil. of dol
Banks and trust cos., ind. receivers
„..._.do.___
Other financial institutions
do
Railroads, Including receivers .
do .
Loans to business enterprises, except to aid in national
defense
,
. .
mil. of doL
National defense
do
Other loans and authorizations. _
.do
j
2 507
1 679
375
20 164
3,281
5,747
2,487
1,756
368
20, 816
3,411
6,084
2,288
1,683
325
21,016
3,241
5,778
1,918
1,789
285
20, 784
3, 480
6, 628
502
1,163
4 083
459
27, 266
551
1.135
4,397
465
27,610
555
1,113
4,109
472
27,492
536
1,133
4,959
479
26, 218
9,712
292
123
214
2,105
285
118
212
2,036
280
115
203
2,012
277
113
102
1,826
275
111
202
1,847
273
106
201
1,861
268
104
198
1,827
234
100
192
1,807
229
99
171
1,776
223
89
172
1,680
221
87
171
1, 689
219
85
171
30
8,417
636
36
816
637
35
767
636
40
746
633
40
755
443
144
682
442
145
707
440
145
694
461
146
703
459
175
689
427
140
642
420
143
656
416
SECURITIES ISSUED
Securities and Exchange Commission:!
1,452
1,786
18,203
4,372
1, 585
1, 305
2,789
14,437
1,330
1,180
1,937
2,130
Estimated gross proceeds, total
.
mil, of dol
1,539
By types of security:
1,339
4,324
1,579
2,486
14,324
1,406
1,122
1,256
1,168
18,196
1, 958
1.680
1,254
Bonds, notes, and debentures, total
do .
682
637
72
74
358
85
239
905
640
280
366
425
Corporate _ do
369
79
41
74
24
146
1
219
111
108
25
60
154
Preferred stock
_ _.
do
128
35
25
6
85
71
68
33
84
61
14
63
103
Common stock
..„
__do .
156
By types of issuers:
795
844
121
92
944
253
1,077
417
470
297
440
682
Corporate, total
do
654
136
51
134
228
171
60
492
188
104
424
299
225
Industrial
do
418
374
42
304
203
44
79
430
30
572
33
117
140
Public utility
._..
. _ do
176
274
0
0
69
249
106
7
151
77
85
194
99
35
Rail
.
do
10
28
13
10
28
38
2
41
27
9
13
19
24
Other (real estate and financial)
~..do_.__
1,845
4,
252
1,054
13,966
1,333
943
18,111
890
883
657
888
Non-corporate, total®..
._ _
.do .
1.255
885
606
4, 210
1,261
805
793
18,060
1,602
845
13, 670
961
803
967
TJ. 8. Government.
do..
755
45
47
42
82
71
83
67
150
50
80
71
66
329
State and municipal
...
.
do
New corporate security issues:
780
117
291
1,057
91
462
245
405
825
433
925
634
Estimated net proceeds, total
do
Proposed uses of proceeds:
99
153
111
99
150
20
103
5
37
80
213
190
239
New money, total . .
. . .do
50
7
97
1
75
55
41
17
63
91
147
148
169
Plant and equipment..do .
3
49
13
27
49
44
63
f»2
39
20
43
65
70
Working capital
do
669
74
658
124
289
873
80
347
340
240
724
433
324
Retirement of debt and stock.
....do
634
222
798
514
72
51
681
278
320
279
56
257
Funded debt
do
286
1
1
4
12
2
19
2
28
57
50
5
5
13
Other debt
_
do
7
35
19
62
16
41
30
56
11 (i
19
56
138
32
Preferred stock
>_do._
6
12
22
10
15
19
17
34
14
6
11
21
72
Other purposes.__
..do
Proposed uses by major groups:§
130
49
218
289
221
181
166
126
59
100
412
480
402
Industrial, total net proceeds
....do .
3
17
98
87
51
94
89
127
63
26
163
198
200
New money
. do
50
157
30
74
59
38
108
15
114
154
306
195
165
Retirement of debt and stock..
do
371
565
42
32
78
43
424
30
115
200
301
138
173
Public utility, total net proceeds
-do
0
15
1
1
23
0
2
1
G
5
10
1
4
New money
. . . . __ .
do
35
43
31
364
533
77
418
30
110
177
132
297
129
Retirement of debt and stock..
do..
270
246
0
192
84
68
150
'•8
0
7
76
105
35
Railroad, total net proceeds
do____
4
27
19
1
1
0
10
2
0
12
9
7
New money
do
74
0
148
266
220
190
09
50
0
97
0
93
26
Retirement of debt and stock
do
Commercial and Financial Chronicle:
Securities issued, by type of security, total (new
168,806 1,229,396 510,132 878,824 1,338,316 246,928 840,149 346,113 429, 614 557, 427 1,096,711 1,044,800
capital and refunding) J_
thous. of dol. _
94, 438 243,977 200,347 122, 291 223, 308 373, 340 309,593
51,918 248, 647 144,446 142,242 242, 521
New capital, total?.
.»
_, .do
51,918 248,647 144,446 142, 242 237, 979
93, 938 240, 744 200,347
65,369 222, 408 373, 340 301,752
Domestic, total!
- do
1,352 211,614 107,244 104,820 209,087
59, 776 161,061 131,170
47,089 127,315 289, 600 191,930
Corporatet
__>.._do
8,000
0
0
18, 280
0
0
75
745
15, 970
22, 420
6,855
1,830
Federal agencies .
. _.do
37,202
34,162
0
37, 422
28,892
79,608
68,432
79,123
42, 666
35,203
61, 321 102, 967
Municipal, State, etc
do
0
500
56,922
0
4,543
3,232
0
900
7,841
0
0
0
Foreign
__ ._ _
do
116,888 980, 749 365, 686 738,582 1,095,795 152,491 596,172 145,766 307,323 334,119 723, 371 735, 207
Refunding, total$
do
116,888 980,749 365,686 732,082 1,069,702 128,991 594,102 145, 766 284,322 310, 919 698,371 727, 605
Domestic, total}_.
„
do..
79, 085 749,921 4 338,268 705,441 988,631
78,049 337,010 112,954 264, 262 284, 215 362, 663 663, 502
Corporate!-- . . . - .
..do
43, 810 254,505
20,060
17,180
42,440
29,900
22, 980 325, 685
20,060
17,180
30,010 199,580
Federal agencies
„_._
do
7,793
31,248
7,359
7,132
0
9,461
38,331
2,587
2,912
3,724
10,024
46, 923
Municipal, State, etc
do
23,500
23,001
4,500
26,093
0
23, 200
2,070
7, 602
0
0
25, 000
0
Foreign
..do
Domestic issues for productive uses (Moody's):
96
151
146
145
56
117
188
122
78
199
42
132
Total
...mil. of dol..
63
22
22
90
55
82
117
67
84
88
Corporate
do
97
33
28
64
104
34
61
56
50
38
42
35
144
Municipal, State, etc
..do _
Bond Buyer:
State and municipal issues:
82,422
75, 934
83,674
88,974
51,985
66, 742
45,727
40,762
76,164
85,176 '143,933
55,832
Permanent (long term)
thous. of dol.. 129, 468
45,992
64, 913
50,925 131,086
23, 909 1 57,582 r 14,734
1,970
59, 710
28,700
13,842 146,379
Temporary (short t e r m ) . .
....
do
55, 321
' Revised.
• Less than $500,000.
® Includes for certain months small amounts for nonprofit agencies not shown separately.
§ Small amounts for "other corporate," not shown separately, are included in the total net proceeds, all corporate issues, above.
t See note in the April 1946 Survey regarding revisions in the data for 1944.
f Revised series. Data for Government corporations and credit agencies have been shown on a revised basis beginning in the May 1946 Survey and the 1945 figures for certain
items have been further revised in this issue to take account of recent changes in the classifications. The classifications are those currently used in the revised form of the Treasury
Daily Statement. All asset items, except the detail under loans receivable, are on a net basis (after reserves for losses); reserves against loans are not completely segregated as to the
type of loans to which they are applicable and the detail of loans by purpose is, therefore, shown before reserves; most of the reserves are held against agricultural loans. Revised
data beginning with the third quarter of 1944 will be published later; earlier data cannot be revised to a comparable basis. The classification of Reconstruction Finance Corporation
loans was revised in the November 1943 Survey (see note in that issue); the figures include payments unallocated, pending advices, at end of month. There have been unpublished
revisions in the 1941-44 data for security issues compiled by the Securities and Exchange Commission as indicated from time to time in notes in the Survey: data beginning October
1944 were revised in the December 1945 issue; all revisions in the 1641-44 data will be published later.
SURVEY OF CURRENT BUSINESS
August 1SM6
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Surrey
1946
1945
1946
June
S-19
June
July
August
September
October
Novem- December
ber
January
February
March
April
May
FINANCE—Continued
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. members carrying
margin accounts)^
Customers' debit balances (net)
Cash on hand and in banks
Money borrowed
Customers' free credit balances
mfl. of dol
do
. do _
do
Bonds
Prices:
Average price of all listed bonds (N. Y. 8 .E.)-dollars..
Domestic
_. do
Foreign
do
Standard and Poor's Corporation:
Industrial, utilities, and rails:
High grade (15 bonds) _ dol. per $100 bond..
Medium and lower grade:
do
Composite (50 bonds)
Industrials (10 bonds)
do
Public utilities (20 bonds)
..._...do—.
Railroads (20 bonds)
do
Defaulted (15 bonds)
„
do....
Domestic municipals (15 bonds)t
do
U. 8. Treasury bonds (taxable)t
do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value. . . . . . . .
__thous. of dol
Face value
do
On New York Stock Exchange:
Market value
do
Face value . _
. do .
Exclusive of stopped sales (N. Y S. E.), face
value, total
thous. of dol
U. S. Government
. do .
Other than U. S. Government, t o t a l . . . d o . . . .
Domestic
. _ .._.
do .
Foreign
do
Value, issues listed on N . Y. S. E.:
Face value, all issues
..mfl. of dol..
Domestic
do
Foreign
do
Market value, all issues
do
Domestic
- - - do
Foreign
do_._
Yields:
Domestic municipals:
Bond Buyer (20 cities)
.
percent...
Standard and Poor's Corp. (15 bonds)
do
Domestic corporate (Moody's)
...
. . . do
By ratings:
Aaa
do
Aa
- do
A
do
Baa
. do
By groups:
Industrials
do
Public utilities
do
Railroads
_.
. do
do
U. S. Treasury bonds, taxable t
809
370
498
651
1,223
220
853
549
1,141
1,100
1,084
1,063
1,095
1,048
936
895
856
758
573
762
594
743
632
711
639
1,138
313
795
654
1,168
824
580
734
727
645
755
622
712
575
697
547
069
104. 21
104. 61
81.64
103.45
104.00
80.73
102.97
103.46
80.07
102.49
102.97
79.94
102.60
103.08
80 60
103.16
103. 61
81.88
103. 28
103.71
82.50
103.64
104.04
82.65
104. 75
105.14
82.32
105.19
105.59
82.11
105.29
105. 69
82.69
103. 89
104. 25
82.88
104. 03
104. 40
83.16
123.9
122.1
122.3
121.7
121.6
121.9
122.0
121.9
123.8
124.5
124.5
124.3
123. 7
119.5
123.9
116.0
118 7
83.2
142.0
105.3
118.1
122.2
116.7
115.5
81.4
141.5
102.4
117.9
122.2
116.4
115.2
80.4
141.6
102.5
117.2
121.7
115.5
114.4
75.6
138.8
102.2
117.1
121.4
115.6
114.4
74.5
137.0
102.0
117.7
122.0
115.7
115.3
76.6
137.7
102.4
118.3
122.5
116.0
116.6
78.9
139.0
102.6
119.0
123.1
116.2
117.5
82.1
140.1
102.7
119.7
123.9
116.3
118.9
84.9
141.6
104.6
120.0
124.4
116.1
119.6
85.4
143.4
106.0
120.1
124.5
115.9
119.9
82.7
143.4
106.5
119.9
124.4
115.8
119.6
83.6
144.1
106.6
119. 5
123.9
116.0
118.6
81.8
142.1
104.8
83,438
97,833
186,322
260, 711
106,984
140,213
101,995
143, 293
89,387
120, 572
122, 343
172,496
137,749
192,680
138,499
185,652
165,360
217,071
119,650
154,582
98,956
121,413
107, 506
131,595
89,462
107,064
73,706
91,898
174,869
244,585
99,878
131,470
94,819
134,911
82,146
111,792
112,871
159,869
127,551
177,107
128,617
175,083
155, 270
204,041
110,162
146,310
91,234
113, 002
100, 481
123, 634
84, 330
100,995
84,033
256
83,777
77,609
6 168
223,113
601
222,512
214,843
7,669
110,849
419
110,430
105,922
4,508
118,937
1,000
117,937
113,110
4,827
109, 778
517
109,261
104,042
5,219
143,971
1,268
142,703
132,563
10,140
163,452
742
162.710
147,629
15 081
141,431
745
140,686
131,329
9,357
186,923
1,060
185,863
175,742
10,121
129,337
605
128, 732
122, 533
6,199
105, 018
720
104, 298
95, 912
8,386
122, 337
10,318
112,019
104, 968
7,051
93,952
4,299
89, 653
84, 310
f>, 343
136, 648
134 281
2 367
142 406
140,474
1,932
110,939
108, 299
2,641
114, 768
112,636
2,132
126,317
123,679
2,638
130,075
127,962
2,112
126,593
123, 956
2 637
129 748
127, 640
2,108
125,252
122, 616
2,635
123,511
126, 387
2,124
124,802
122,197
2,605
128,741
126, 609
2,233
125,055
122,494
2 561
129,156
127,044
2,113
138,085
135, 529
2,556
143, 111
140,998
2,112
138,961
136, 550
2.411
145| 556
143,571
1,984
139,299
136,890
2,409
146,524
144, 546
1,978
138,831
136,423
2,407
146,181
144,190
1,990
138,519
136,143
2, 375
143.904
141,936
1,969
138,364
135,968
2,396
143,944
141,951
1,992
1.41
1. 55
2.71
1.40
1.58
2.87
1.46
1.57
2.85
1.64
1.70
2.86
1.72
1.79
2.85
1.56
1.76
2.84
1.51
1.70
2.82
1.42
1.64
2.80
1.31
1.57
2.73
1.29
1.49
2.68
1.29
1.49
2.66
1.37
1.45
2.67
1.36
1.54
2.71
2 49
2.59
2 73
3.03
2.61
2.69
2.86
3.28
2.60
2.68
2.85
3.26
2.61
2.70
2 85
3.26
2.62
2.70
2.85
3.24
2.62
2.70
2.84
3.20
2.62
2.68
2.81
3.15
2.61
2.68
2.79
3.10
2.54
2.62
2.73
3.01
2.48
2.56
2.70
2.95
2.47
2.54
2.69
2.94
2.46
2.56
2.69
2.96
2.51
2.58
2.73
3.02
2 59
2 70
2.85
2.16
2.68
2.89
3.03
2.35
2.68
2.87
3.00
2.34
2 68
2 86
3.02
2.36
2.67
2.85
3.05
2.37
2.65
2.84
3.03
2.35
2 64
2.81
2.99
2.33
2.64
2.79
2.96
2.33
2 57
2 71
2,89
2.21
2.54
2.65
2.83
2.12
2.54
2.64
2.80
2.09
2.57
2.65
2.78
2. 08
2.60
2.69
2.84
2.19
Stocks
Cash dividend payments and rates, Moody's:
Total annual payments at current rates (600 companies)
.
mil. of dol.. 1,943.39 1,871.06 1, 871. 62 1,872.04 1,871.55 1,870.94 1, 868.08 1,880. 22 1,886.00 1,900.31 1,908. 54 1,919.71 1,911.77
941.47
941.47
941.47
941. 47
941. 47
941. 47
941. 47
941 47
941. 47
941.47
941. 47
Number of shares, adjusted
millions
941 47
941 47
Dividend rate per share (weighted average) (600 com2.02
2.03
2.03
1.99
2.00
2.04
panies)
.
dollars
1.99
2.00
1.99
1.99
1.98
2 06
1 99
3.21
3.21
3.21
3.21
3.17
2.94
2.95
2.94
2.95
3.11
Banks (21 cos.)
do
2.97
3.21
2 94
1.94
1.95
1.96
1.97
1.97
1.92
1.94
1.92
1.92
1.92
1.92
Industrials (492 cos.)
do
2 01
1 92
2.58
2.58
2. 58
?. 58
2.58
2.58
2.58
2.57
2.57
2.57
2 58
Insurance (21 cos.) . .
do
2 58
2 57
1.81
1.80
1.81
1.81
1.81
1.80
1.80
1.80
Public utilities (30 cos.)
1.80
1 79
1.80
do
1 81
1 80
2.64
2.77
2.65
2.81
2.64
2.81
2.69
Railroads (36 cos.)
2.69
2.69
2.69
2.65
do
2 71
2 69
Dividend payments, by industry groups:'»
149.5
396.3
133.6
358.4
338.8
135.4
320.3
768.2
Total dividend payments
136. 5
347.1
396. 2
..mil. of doL.
505.9
65.7
237.6
69.0
129.6
128.6
138.2
71.9
418.6
Manufacturing
138.2
64.7
246.3
do
283 4
.6
22.5
2.7
2.0
3.7
65.3
3.2
1.0
21.2
4.0
1.2
Mining
.
.
.
. do
42.9
9.2
29.9
5.7
18.4
24.0
19.8
46.7
19.6
4.0
26.5
7.0
Trade do
26 5
29.6
24.2
53
3
87
5
50.4
17.1
28.7
26.3
81.0
79.2
19.1
Finance
do
37 3
7.2
22.5
7.6
19.7
29.3
12.3
63.3
Railroads.,
16.4
4.6
17.2
2.7
do
46.2
35.6
29.3
47.6
33. 3
29.3
39.3
51.7
36.3
32.0
32.0
385
Heat, ligrht, and power
do
38 4
.1
13.0
.3
.2
15.1
48.4
16.9
48.3
51. 7
.2
48.2
Communications
15.1
. do
1.5
2.6
2.9
13.3
7.7
6.4
24.7
8.1
2.4
Miscellaneous
do
6.0
11.6
16.1
Prices:
Average price of all listed shares (N. Y.8. E.)
98.2
103.2
92.6
96.9
82.6
93.5
100.2
Dec. 31, 1924-100.. _.
89.2
86.0
93.0
78.8
99.1
80.7
74.74
74.78
72.36
73.01
76.63
Dow-Jones & Co. (65 stocks)
d ol. per share
62.33
65.97
76.98
68.70
71.57
63.03
64 24
77 59
199.00
192. 74
194.37
205. 81
199.46
206. 63
185.07
190.22
166.16
177.96
163.96
Industrials (30 stocks)
do
207 32
167 33
39.94
40.01
43.03
38. 26
40.38
42. 93
33.95
35.45
do
32.39
32.96
38.10
Public utilities (15 stocks).
32 46
42 51
65.58
65.12
64.77
62.89
63.67
64.30
57.11
59.61
63.06
58.64
55.16
Railroads (20 stocks)
do
60 48
66 64
138.
72
135.
05
136.88
143.
47
136.03
141.86
130.72
126.33
132. 71
118. 69
New York Times (50 stocks)
117. 76
121.15
_
d o - 144. 63
226.00
223. 25
220. 67
222. 79
233. 85
236.11
215.06
216 74
194.66
208.50
Industrials (26 stocks)
189.97
194 53
do
237 16
51.45
50.57
50.84
49.43
49.27
49. 88
44.17
44.39
48.69
Railroads (25 stocks)
.
45.56
42.74
do
47.77
52.11
r
Revised.
^ Since February 1945 data are from the New York Stock Exchange; except for June and December, data are estimates based on reports for a sample group of firms.
* New series. Data for 1941 for dividend payments are on p. 20 of the February 1944 Survey. Final revisions for 1942 and 1943 will be published later. For revisions for all
mouths of 1945, see p. S.-19 of the May 1946 Survey.
t Revised series. The price series for domestic municipal bonds was revised in the April 1943 Survey; see p. S-19 of that issue for data beginning February 1942 and an explanation
of the revision; earlier data will be published later. Data through December 1943 for the revised series on prices and yields of U. S. Treasury bonds are shown on p. 20 of the September
1944 Survey; these series include all issues not due or callable for 15 years. Yields through December 1945 for partially tax-exempt Treasury bonds are shown in the April 1946 and
earlier issues of the Survey; there were no partially tax-exempt bonds due or callable in 15 years or over after December 15.
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1946
1945
June
September
June
July
August
August 1946
1946
October
Novem- December
ber
January
February
March
April
May
FINANCE—Continued
SECURITY MARKETS—Continued
Stocks—Continued
Prices—C ontinu ed.
Standard and Poor's Corporation:
126.1
118.4
151. 7
154.3
136.9
139.7
143.3
Combined index (402 stocks)
1935-39=100..
153.2
117.9
132.0
144.8
120.7
141.8
155. 9
158.8
134.5
138.7
142.2
145.8
156.9
118.8
128.2
147.5
Industrials f354 stocks) —
_
do
121.8
118.9
144.5
139.4
141.7
124 8
127.9
133.1
133.6
142.7
107.0
117.2
122.0
Capital poods (116 stocks)
do
109.9
107.6
130.8
170.1
172.0
159. 5
166.7
Consumer's goods (191 stocks)..
do
129.3
126.1
128.1
139.3
145.9
150.7
154. 0
161.9
159.2
127.5
129.3
123. 7
130.4
110.6
114.4
120.2
Public utilities (28 stocks)
do....
105.9
120.8
122.8
107.9
124.0
107. 2
156.8
157.2
159.8
161.8
Railroads (20 stocks)
...
do
144.0
140.1
137.5
145.1
154.2
157.1
164.3
153.6
130.9
Other issues'
118.9
125.2
119.4
115.0
124.6
124.3
126.1
116.6
120.2
115. 9
117.0
121.3
Banks, N . Y. C. (19 stocks)
do.—
113.0
141.8
125.9
136.5
141.6
144.2
133.9
139.2
Fire and marine insurance (18 stocks)
do
136.9
125.7
134. 2
143.8
122.2
129.7
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market Value.
thotis. of dol. 1,409,683 1,506,964 1,002,352 943,404 1,105,307 1,589,145 1,796,416 1,745,468 2,373,016 1,930,314 1,479,956 1,869,130 1,774,725
70,514
60,203 72,096
Shares sold
thousands.. 56, 794 70,838 49, 560
39, 700
46, 334
74, 975 106,471
87,068 112. 908
90,883
On New York Stock Exchange:
Market value
_..tbous. of dol-_ 1,149,180 1,256,140 841,308 794, 433 922, 584 1,290,513 1,438,500 1,410,635 1,947,730 1,574,139 1,217,019 1,504,771 1,427,037
46, 326
36,606 47,002
Shares sold
thousands.. 35,865 50,398 35,836
28, 846
32, 465
47, 709
54,218
48,656
71,761
52,604
Exclusive of odd lot and stopped sales (N. Y
21,714
25,125
35,476
30, 410
34,151
25,664
!
31,427
Times)..
thousands.. 21,717 41,310 19,977
40,406
34,093
51,510
Shares listed, N. Y. 8. E.:
64,315
84.043
67, 065
69,561
80,943
72, 730
73,765
Market value, all listed shares
mil. ofdol.. 80, 929 62,637 61,242
78, 468
4,165
77,932
1,645 i 1,666
1,686
1,544
1,548
1, 554
1,592
1,614
Number of shares listed
.millions..
1,540
1,573
1,577
1,620
1,628
Yields:
4.1
3.4
4.3
3.9
3.5
3.5 !
3.8
3.7
Common stocks (200), Moody's
percent..
4.2
3.7
3.5
3.8
3.6
3.7
3.4
3.4
3.4
3.6 I
3.7
3.1
Banks (15 stocks)
._
do
3.3
3.2
3.3
3.4
3.7
3.6
3.2
3.3
3.4
4.1
3.9
3.8
3.6
3.4
4.1
3.7
Industrials (125 stocks)
.do....
3.6
3.6
3.4
3.0
3.4
3.4
3.3
3.0
}
3.1
3.4
3.1
3.2
3.1
Insurance (10 stocks)
_.do
2.9
3.0
3.0
3.7
3.9
3.9
4.5
4.5
4.6
4.3
4.2
4.1
Public utilities (25 stocks)
do...
4.0
3.8
4.0
4.0
4.5
5A \
5.3
Railroads (25 stocks)
_
do
4.8
5.6
5.7
5.2
5.1
5.3
4.8
4.8
4.5
5.1
Preferred stocks, high-grade (15 stocks), Standard and
I
3.47
3.72
3.69
3.75
3.72
3.54
Poor's Corporation
.percent..
3.48
3.67
3.59
3.65
3.49
3.45
3.42 I
FOREIGN TRADE
INDEXES
Exports of U. S. merchandise:
Quantity....
Value
Unit value
Imports for consumption:
Quantity
.
Value
Unit value
_
Agricultural products, quantity:!
Exports, domestic, total:
Unadjusted
Adjusted
Total, excluding cotton:
Unadjusted
Adjusted
Imports for consumption:
Unadjusted
Adjusted
1923-25=100.
do...
do...
198
227
114
201
228
113
173
192
111
135
135
100
119
118
99
166
164
99
198
192
97
214
210
98
176
175
99
211
212 .
101
194 |
199
103
do_._
do...
do...
122
106
88
125
108
87
126
111
88
119
103
87
123
108
87
113
98
87
99
88
88
139
125
91
107
96
90
128
117
92
135
123
92
' 131
122
93
1924-29=100.
do...
66
95
77
119
57
75
72
61
67
49
88
71
104
92
327
123
108
124
118
128
105
128
113
148
do...
.do.-.
88
106
106
135
85
89
106
90
104
79
130
114
173
158
206
204
174
203
185
200
160
186
156
183
do.__
do
72
80
69
79
92
104
83
92
83
88
69
76
62
65
103
93
84
106
90
106
95
18, 502
10, 680
18,152
11,276
15, 966
11,094
17, 665
9,031
16, 009
10, 617
17, 820
11, 544
15, 359
9,093
• 17, 511
' 10,163
• 16,808
9,099
19,026
10, 099
' 15,427
9,870
870, 282
530,110
893,150
538, 818
737, 398
413, 398
514,351
158, 484
455, 264
74,850
638,937
115, 250
736,139
187, 438
798,663
130,375
670,992
'99,482
•815,102
116,280
•757,705
80, 304
851.256
«• 67,005
37, 796
163,411
434, 697
110, 052
67, 328
56, 998
44, 716
130,906
495, 632
108, 820
55,949
57,126
29, 524
104, 500
396,128
103,159
56, 778
47,310
46, 690
44.077
212, 837
95,027
63,132
52, 589
25,183
37,001
188, 045
99,422
65,805
39,808
42,927
82,907
265,455
96,427
70, 287
80,935
34,189
77, 563
389, 904
95,840
72, 612
66,029
38,765
111,282
405,366
87, 794
72,603
83, 886
42,473
81,050
320,413
83, 535
72,246
71,511
48,335
110,372
391,675
101, 544
82,936
80,200
46,933
104.279
340, 240
106, 641
77, 594
82, 098
50,627
130, 880
383,898
108, 629
84,999
92, 222
i6,984
804
15,199
131, 487
179,050
55, 503
11
15,656
167, 570
195, 415
40, 656
168
9,800
137, 441
138, 322
41,438
240
17,314
15,166
67,872
37,991
117
19, 322
6,724
42, 394
79, 483
354
15,868
6,165
33, 537
53, 672
531
26, 563
99,978
72, 741
73,250
r
564
30, 803
52, 758
81, 676
2,056
34,887
29,896
60,013
89. 424
I', 646
42,044
32,081
85, 863
78, 324
7,020
35.369
30, 340
63, 225
70, 526
3,515
31. 635
30, 531
68,094
103, 814
114, 661
3,082
19,118
4,266
8, 559
17, 875
27. 819
12, 967
106, 671
104, 306
3,436
18, 637
5,205
8,141
15,141
24, 932
11,919
99,101
95, 822
4,519
14,610
3, 765
6,970
15, 656
25, 021
8, 053
92, 285
105, 545
3,128
16, 646
3, 585
6.940
16, 427
23, 965
13, 904
96,117
96, 670
2,372
11,863
3,012
7,209
16, 278
32, 423
9, 381
93, 797
140, 907
5,809
28, 310
5,763
9,602
20, 967
28,038
18, 033
91, 740
127, 050
7,724
23,872
4,672
7,656
18.184
31,681
12,583
85, 676
146,471
9,198
31, 373
5,401
8,808
19,312
31, 743
16. 931
82,216
132,237
9,029
22,441
4,946
10,708
20,479
31,643
13,103
98,124
154,136
9,295
26,494
6,280
11,614
20,031
37,969
103. 680
150, 754
10, 537
22,442
5, 256
12,435
23. 491
33,910
17, 777
105,373
167. 342
14,713
28,053
6.047
12,138
21, 539
39, 207
17,192
230
213
219
103
98
SHIPPING WEIGHT*
Exports, including reexports
General imports
VALUE §
...mil. of lb._
do
19,277
9,668
Exports, total, including reexports
.thous. of dol.. 878, 398
Lend-lease*
do
57, 241
By geographic regions:
Africa
do
Asia and Oceania
do
Europe
_
do
Northern North America
do
Southern North America
do
South America..
do
Total exports by leading countries:
Europe:
France
_
...do
Germany....
.
do
Italy
„
do
Union of Soviet Socialist Republics (Russia)..do
United Kingdom
do
North and South America:
Canada... .
do
Latin American Republics, total
do
Argentina
.
do
Brazil
do
Chile
.do...,"
Colombia*
do
Cuba
.
_..do
Mexico
.do
Venezuela*
do
r
Revised.
§ See note marked " § " on p . S-21.
r
15,353
1
13, 319
10,918
SURVEY OF CURRENT BUSINESS
August 1040
Unless otherwise stated, statistics t h r o u g h 1941
a n d descriptive notes m a y be found in t h e
1942 S u p p l e m e n t t o t h e Survey
1946
1945
June
September
June
July
August
S-21
1946
October
Novem- December
ber
January
February
March
April
May
FOREIGN TRADE—Continued
VALUE 5—Continued
Total exports—Continued.
Other regions:
Australia
thous. of dol__
British Malaya
do
China
do
Egypt
do
India and dependencies
do
Netherlands Indies
__.do
Philippine Islands
do
Union of South Africa
___„
do
384,991
General imports, total
_._.
do
By geographic regions:
Africa
do
Asia and Oceania
_
do
Europe
do
Northern North America
_
.do
Southern North America
..do
South America
do
By leading countries:
Europe:
France
do
Germany...
__
..do
Italy
do
Union of Soviet Socialist Republics
do
United Kingdom
do
North and South America:
Canada
do
Latin American Republics, total
do
Argentina
do____
Brazil
do
Chile
do
Colombia*
do____
Cuba ._
do
Mexico
do
Venezuela*
do
Other regions:
Australia
do
British Malaya
_
...do
China
do
Egypt
do
India and dependencies
do
Netherlands Indies
do
Philippine Islands...
do_...
Union of South Africa
do
Exports of U. S. merchandise, total. _
do
858, 252
By economic classes:
'Crude materials
do
Crude foodstuffs
do
Manufactured foodstuffs and beverages
.do
Semimanufactures
do
Finished manufactures
do
By principal commodities:
Agricultural products, total
do
Cotton, unmanufactured
_
do
Fruits, vegetables
do
Fi
bl and
d preparationst
i
d
Grains and pp
preparations
.
do
d
t
d
Packing house products
do
Nonagricultural products, total.
do
Automobiles, parts and accessories
do
Chemicals and related products
___.do
Iron and steel a i d their products
do
Machinery
do
Agricultural
do
Electrical
do
Metal working
do
Other industrial
._
do
Copper and manufactures
do
Petroleum and products
do
Imports for consumption, total
:
do
370, 67£
By economic classes:
Crude materials
do
Crude foodstutfs.
do
Manufactured foodstuffs and beverages
do
Semimanufactures
do
Finished manufactures
do
By principal commodities:
Agricultural, total
do
Coffee
.
do
Hides and skins
__do
Rubber, crude including guayule
do
Silk, unmanufactured
do
Sugar
do
Wool end mohair, unmanufactured
do
Nonagricultural. total
do
Furs and manufactures
_ do
Nonferrous ores and metals, total
do
Copper including ore and manufactures... do
Tin, including ore
do
Paper base stocks..
do
Newsprint
do
Petroleum and products
do
38,560 33, 21:0
0
0
7,938
8,212
6,299
13,260
57, 653 43, 204
(a)
0
1,803
1,341
9, 986
8,757
355,698 359,655
37, 927 29,324 21,105
40, 406 43,646 44,377
39 159
34, 978
38,111
307,594 M, 344 96,541
65,460 55,125 64, 204
70,056 89,100 98, 451
*0 975
0
6,058
11,255
79,397
102
188
10, 394
359,555
1,423
49
874
7,381
12,089
104,694
127,197
10,789
17,086
10,389
9,545
28,191
18,731
6,840
S, 953
5,193
9,a 204
0
( )
(a)
4. 792
19, 102
1,429
8,431
3, 954
2,120
11,267
6, 342 13, 842
0
9, 282
3, 291
12, 663
6,460
7,584
16, 124
9,985
9,471
334,673 344,416 322, 419
11,412
1,044
20,721
3,405
12,640
8,274
12.053
10,119
297,187
2.5, 028
63,497
27,915
77,899
53, 499
86,835
29, 336
45,140
47, 544
84, 269
46,021
92,106
19, 058
56, 589
42,343
76,449
48,397
79,584
21, 851
46,419
47, 555
73,627
45, 323
62,412
24,833
82,362
67,365
67,911
51,453
99,884
14,115
78,793
45,613
57,804
48, 418
73,069
38, 742
73, 344
51,952
67, 880
71,680
80,106
29,016
84,452
65,347
70,874
63,010
92,964
22,358
73,518
76,070
73,438
73,390
84,853
555
80
141
1, 259
6,587
1,893
11
489
2,484
5,444
1,752
14
1,505
855
3,434
1,632
10
429
1,414
11,743
1,927
3
170
18,030
10,403
1,478
15
732
8,597
9,299
3,551
24
1,246
4,107
14, 497
5,007
29
4,323
7,765
11,375
4,578
2,303
13,880
11,185
14,276
74, 408 70,948 65, 471 56, 721 65, 510 70,356
96,899 94, 207 75, 786 81,717
135,615 155,312 136,176 131,876 117,364 101, 902 145,296 116,290 146,922 151,269
9,056
14,517 19,646
16, 784 16,744
15,124
18,339
17,055 20, 579 18,634
23,136
28,086 36,034 31, 770 29, 602 24, 270 19, 607 41,914
29,498 33,426
8,221
17,074
7,785
8,925
7,954
9,393
11,930
2,440
6,931
8,155
11, 509 13,078
9,512 15, 243
5,999
12,101
10, 591
8,488
12,002
6,008
20, 655 31,249
18,379 18, 247 36, 434 23, 285
14,562 16,001
26, 459 16,619
17,542 17, 79G 16, 321 16, 831 17,426
18,922 21,462 17,110 19, 704 25,355
7,402 10, 595
7,775
7,921
7,348
8.587
7,952
6,633
10,021
69,526
144,714
14,741
30,885
8,102
7,964
32,168
16,830
10,090
1,037
102
511
6, 721
6,798
9,854
10, 254
(a)
0
297
40
5, 318
1,634
9,822 14,337
262
294
26
(°)
5, 486
13,135
848, 352 858, 792
2,263
22
527
5,047
6,958
9,389
14,195
10, 503
0
0
0
142
298
206
526
465
1,512
14,402 21, 657 12, 526
286
1
243
9
100
17
5, 220 10,273
11,594
716, 568 500,137 440, 511
10,468
12, 773
0
5,723
179
204
352
1,200
17,182 10,386
106
334
161
473
10, 038 10,418
612, 332 715,17C
11,211
13,196
7,651
9,112
9,020
115
6,264
7,469
8,608
550
2,182
1,384
21, 272 23,936
18,302
1,381
1,873
194
524
1,552
1,717
21,626
12,435
10,920
650, 327 •788,305 741,082 ' 815,842
73, 902 84,055 81, 257 88, 227 70,407 94,743 90,081 112,969 106,574 116.248
49,166 34,758
54,315 65,773
62,172 66, 582 70, 263 58, 304 62,051
33,447
86, 843 67,596 37, 632 84,067 140, 226 177,521 134,964 148, 550 125, 243 141, 790
57,872 48, 928 54,466 70, 203 67,448 73, 397 59, 795 68, 611 80,190 80,914
464, 505 245, 242 201, 382 307,663 370, 512 364, 575 307,409 396,085 379,989 442,132
78, 606
29,863
92,029
61,643
586, 211
93,719
31,593
123,316
64, 240
545,924
173,730
32. 638
24,818
31,515
14,108
674, 623
50, 253
31,960
36, 360
99, 788
15,699
23,618
12,179
46,028
4,418
86, 337
338,838
221.166
36, 220
24, 993
30,914
29, 056
637,626
65,925
33,719
42, 625
94,747
18,594
27,180
6.222
40, 377
5, 235
60,967
345, 629
164, 720 171,429
22, 569 28,026
20, 525 lfi,795
32,314
53,898
20, 494 10,039
551,849 328, 709
65. 434 19,270
33, 434 29, 378
35, 499 28, 328
77, 277 53, 723
15, 940
9,994
19,699
11,025
4,861
5,104
34,817 25. 297
2. 544
2, 262
32, 548 32, 227
354,983 329, 271
92, 256
55, 462
37, 093
71,223
82, 805
97,957
56, 308
30, 256
80,682
80,426
90,488 103,149
68, 848 56, 384
40, 918 38, 640
82, 798 72,959
71,931
58,139
126, C02
26, 308
3,491
6,331
217
14,041
16,722
212,236
9, 098
39, 89.'
15, 599
4, 234
8,949
12,189
12, 220
4,744
8,873
9,319
6,366
2, 456
120
1, 720
1,363 L 1,036
33,105
24,146 36,856 38,370 * 58, 547
3,266
4,124
3,969
2,938
2, 684
12,678
7,172
12,487
13,504
7,802
3,888
6,135
7,658
5, 580
2,620
31,328 24, 724 23, 390 18,798
25,163
10, 646 14,991
18,391
19,599
22, 331
•393,889 318, 719 383, 705 405,662 r 396,707
10,983
5,105
3,575
405
24,481
592
98
12,428
779,127
11,464
9,947
4,829
1,051
22, 667
40
945
5,320
153,170 205. 599 247, 577 309,614 250,844
22,012 34,082 25, 218 34,694 28,954
16,947 26, 799 25,618 30,361
12,100
70, 765 69,691
83,514 72, 652
67,468
50, 716 79,863 41, 595
4, 56S 24,130
287,342 406, 733 467, 599 470,885 399,709
23, 634 23, 691 26, 637
16, 135 24,073
27,189 38, 028 35, 278 37,919 35, 676
25, 784 37,948 34,446 41,931 26, 582
50, 557 78,715 135, 405 106, 475 82,220
11,070
10, 792 12, 761 10, 031
8,031
9, 669 13, 866 27,470 24,054 16,532
6,531
28, 696 13,943
9,638
4,369
26,168 44,084 65, 503 51, 924 42,281
3,727
2,753
3,655
2,828
4,042
28, 536 28,814 ' 33, 972 29,642
24,691
343,714 312,565 279,478 400,428 307,615
103, 098
56, 599
31, 725
86, 742
65, 549
95, 791
50,995
26, 579
80,127
59,072
284, 915
37, 715
28,408
68, 722
48, 072
503, 350
29, 730
44, 329
28, 972
109, 362
11,172
20, 365
16,423
57,328
2,794
36,971
373,362
253,679
38.622
28,965
57,011
30,496
487,483
36,277
46, 258
38,108
100,155
9, 776
17,944
13,344
54,906
2,418
36,082
392,9G9
273, 775
56.623
' 24,456
42, 271
' 49,376
542,067
48,830
46,351
41,258
111,204
11,866
24, 232
16,892
52,980
2,173
40,365
388,840
88, 890 157,378 108,790 133,863 145,426 139,333
42,443
75, 251 58, 558 64, 578 69, 204 62, 429
24, 529 32,551
28, 723 46, 710 38, 532 ' 45,834
67,638 * 72,153
76,011
68,171
53,015 64,946
55, 446 57, 751 57, 607 63, 266 72,169
09,090
130, 213 156,232 140,912 139,516 121,007 108,799 192, 683 149,201 189, 517 194,647 185, 768
37, 545 36,489
3C, 177 43, 065 30,491
30,172
23,291
18, 205 41,983 29,988 35,984
5, 580 * f 4, 754
4,042
4,517
3,829
3, 595
4,220
3,152
5,035
3,185
4,491
20,273 H 222
7,869
7, 565
7, 795
8,225
8.484 10, 021 14,151
24,116
22,937
12,473
127
288
399
261
24,418
156
196
1,214
1,354
862
11,235
IS, 803 17,655
9,019
6, 644
4,595
11,499
12,913
25, 414 14,809 20,905
19,165 25, 660 21,787 20,070 29,040 21, 794 30. 076 30,449
20, 099 22,165
23,953
215, 416 198, 751 188, 359 204,197 191, 558 170, 680 206, 258 157,493 183,846 198,322 203.072
17,
273
17,892
10,107
12,
655
24,
514
1C.757
15,365
9,
599
35,
004
13,992
11,472
19,134 20,444
47, 966 ;J5, 941 36, 807 44, 266 32, 681 23, 267 22, 788 14,224
16,389
5,458
23, 958 14,104
14, 595 18,565
7,256
11, 253 12,464
13,021
2,857
1,997
3,594
4,249
2,520
3,011
2,061
4,158
2,421
944
1,179
4,352
3,889
9,854 11,638
11,382
13,975
14,619
19, 587 16, 650 18, 098 16, 942 11,691
9,700
18,073
13,904
12,539
20,687
15,129
l?,f;82
14,809
13,152 14,996
14, 930 16, 795
14,473
13, 380
8,174
13,694
13. 629
17,006
11,200
11,708 13,421
10, 235 11,095
' Revised. * Less than $roo.
§ The publication of practically all series on foreign trade included in the 19 i2 Supplement but suspended during the war was resumed in the May Survey. Export statistics
include lend-lease exports shown separately on p. S-20 (see note, marked "*" on that page), shipments by UNRRA and private relief agencies, and since June 1945 comparatively
small shipments consigned to United States Government agencies abroad; shipments to U. S. armed forces abroad are excluded. Revised 1911-42 figures for total exports of U. S.
xr erchandise and total imports are shown on p. 22 of the June 1944 Survey; revised figures for 1911 and later data through February 1915 for other series will be shown later.
•Monthly data prior to February 1945 for Colombia and Venezuela will be shown later.
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Surrey
1945
1946
June
August 1946
June
July
August
September
1946
October
Novem- December
ber
January
February
March
April
May
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
C o m m o d i t y a n d Passenger
Unadjusted indexes:*
Combined index, all types!...
*_.1935-39-100-.
Excluding local transit lines! _ _
do .
Commodity!
do
Passenger!
- do. .
Excluding local transit lines
do
By types of transportation:
Air combined index
do
Intercity motor bus and truck, combined index
1935-39—100
For-hire truck
do
Motor bus
. _ - - . _ .
. d o .
Local transit lines!
do
Oil and gas pipe lines! . . . .
.
do
Railroads, combined index
do
Passenger
Waterborne (domestic), commodity!
Adjusted indexes:*
Combined index, all types!
Commodity
Passencer!
Excluding local transit lines
By type of transportation:
Air, combined index
Commodity
.
do
do
do
do
do
do
.
_ do
do .
235
242
218
291
418
225
232
206
288
423
218
225
197
286
422
209
214
188
272
396
202
205
179
277
395
205
209
184
273
389
195
198
168
283
414
198
200
177
266
370
201
203
183
260
351
202
204
187
252
329
'175
' 173
152
'251
'324
17
17(
15t
23C
30J
892
1,127
737
898
1,091
771
916
1,093
800
886
1,031
790
893
1,001
822
835
904
789
775
862
718
738
691
770
773
648
855
823
633
949
'921
'631
'1,113
98c
66C
1,19'
238
211
328
186
264
255
230
444
89
235
200
352
175
254
242
216
438
89
239
206
350
173
251
229
202
437
87
227
201
311
170
216
219
194
415
97
234
220
282
180
198
206
178
427
86
222
211
258
178
232
213
185
432
88
202
183
264
175
230
202
166
472
91
216
202
260
179
239
200
174
402
99
221
206
270
184
252
201
180
362
104
225
211
271
188
231
204
189
321
94
'239
230
'268
190
'232
'152
133
'304
'94
241
23$
27(
185
22'
15*
145
26C
10(
233
240
218
283
400
223
229
207
278
392
212
216
194
272
383
201
206
182
266
381
196
199
171
282
406
204
208
180
283
411
197
200
172
279
410
203
207
183
269
380
205
209
188
263
367
207
210
192
257
347
'178
'177
155
'252
'335
18C
18(
16
24(
31
863
1,127
689
876
1,091
734
880
1,093
740
851
1,031
732
879
1,001
798
860
904
831
823
862
797
796
691
865
812
648
920
841
635
978
'908
'631
' 1, 091
965
66(
1,161
Intercity motor bus and truck, combined index
'245
225
229
231
24
233
218
235
230
201
231
2]6
1935-39 «* 100
234
205
203
213
183
213
218
23$
209
204
205
191
For-hire truck
do
' 279
268
314
289
292
291
321
27*
310
295
260
280
Motor bus
do .
183
178
181
179
183
18
187
170
177
177
183
172
Local transit lines
do
'232
229
274
228
234
262
203
223
23£
224
223
265
Oil and gas pipe lines
do
212
158
254
221
204
201
204
206
15<
209
239
211
Railroads
do
137
231
198
180
178
184
192
170
218
186
170
Commodity
do
'
3
1
8
458
399
442
403
372
337
27'
462
427
408
403
Passenger
.
do .
95
86
74
124
10(
71
70
109
128
115
76
71
Waterborne (domestic), commodity
do
Express Operations
35,115
24,826
23, 595
24, 532
24,333
26, 72?
22,623
29,141
23, 919
22,879
23,144
22,484
Operating revenue
thous. of doL.
63
80
72
64
91
92
72
83
6(
82
Operating Income
do
58
75
Local T r a n s i t Lines
7.8669
7.8641
7.8115
7.8198
7,8641
7.8115
7. 8198
7.8641
7.880
7.8198
7.8115
7.8198
Fares, average, cash rate
cents.. 7.8835
Passengers carried!
thousands.. 1,577,274 1,610,120 1,558,370 1,539,370 1,458,400 1,595,440 1,533,470 1,563,470 1,615,570 1,486,560 1,669,880 '1,631,980 1,630,37
118,
882
111,
200
106,
900
117,600
116,000
118,
700
119,80(
117, 300 118,600
114, 500 113,100 106,100
Operating revenues!....
thous. of dol..
Class I S t e a m Railways
Freight carloadings (Fed. Reserve indexes):
107
137
119
145
132
128
132
10'
143
136
119
123
Combined index, unadjusted
1935-39=100
137
146
109
152
26
148
6*
143
128
148
133
155
136
143
Coal-.- — do
93
138
6
111
114
178
160
167
166
172
133
187
154
Coke. .
do
143
155
115
121
131
149
108
109
134
140
Forest products... _ _ .
do
140
94
135
99
128
164
152
11
176
147
158
158
144
Grains and grain products.
_ _ .-de _
130
188
163
127
96
189
183
99
109
126
111
120
135
Livestock _ _. .
..
„ do
io;
97
150
82
81
72
75
74
765
75
68
71
79
69
67
Merchandise, 1. c. 1
..._ . _ do.
50
213
215
114
29
24
35
10,
263
249
273
261
36
Ore
do
141
139
12,
136
139
123
136
150
133
113
123
Miscellaneous..
do
148
136
109
133
133
126
10(
133
139
140
128
127
127
Combined index, adjusted!
.
. do
139
118
26
152
146
6*
109
148
148
155
143
136
128
133
143
Coal!
.
.
do
95
140
6'
167
113
165
167
127
107
181
193
164
155
Coke!
do
143
12,
149
144
134
133
109
110
122
126
125
140
106
Forest products _ .
...
.
do
112
141
126
167
152
150
12(
163
155
146
158
153
Grains and grain products! .
do
157
143
11'
127
158
115
145
126
140
Livestock!
do
121
121
114
123
140
81
74
778
81
78
78
64
69
74
68
66
67
Merchandise, 1. c. 1
do
66
134
121
137
94
134
118
6f
166
174
170
117
171
Ore!
- . do.
143
1Z
121
135
132
133
143
134
146
146
126
130
125
Miscellaneous!
..
do
Freight carloadings (A. A. R.):1
2,605
2,61(
3,982
4,063
' 4, 367
3,151
3,207
2,884
2,867
3,240
3,378
4,117
3,546
Total cars..
thousands
126
32
'865
740
938
688
685
604
794
635
842
Coal
do
787
505
30
32
49
1<
51
34
66
59
50
43
70
57
66
Coke
. . . do.
177
15
208
234
142
146
228
173
129
128
165
205
143
Forest products
do
140
222
223
274
209
237
lfr
248
287
223
207
253
257
Grains and grain products
do
71
69
59
73
79
52
100
65
99
Livestock
do
96
67
5
106
516
46,
455
619
524
456
471
620
'531
406
408
448
644
Merchandise, 1. c. 1.
.
do
53
10
283
285
148
25
50
356
34
371
300
250
54
Ore
do
1,491
1,32
1,785
1,801
' 1,969
1,412
1,414
1,171
1,745
1,273
1,506
1,436
Miscellaneous..
_
do
1,597
Freight-car surplus and shortage, daily average:
11
98
22
16
10
23
13
8
20
18
11
11
15
Car surplus!...
thousands..
1
5
5
8
9
9
7
10
Car shortage*
_„ . _._
do
7
7
4
7
Financial operations (unadjusted):
Operating revenues, total.
thous. of dol.- 611, 939 '819,946 796,129 755, 218 679,178 696,991 661,181 613,691 640,872 579,136 646, 099 566, 702 532, 55
Freight
do
458,484 '•610,671 589, 583 547,629 488,612 492,288 463,682 401, 256 453, 399 421, 243 483, 776 411,819 399, 21
92,23
106, 604 152,185 150,734 153,254 140,146 146,504 145,555 161,134 137,602 114,655 114, 562 106,082
Passenger
,
do
516, 856 r 541,490 549,017 547,263 621,193 626,652 548, 550 963,331 490,059 450, 228 627,890 508,097 492, 20
Operating expenses
. . . do
121,272
38,
669
48,
476
45,13
51,
310
79,
964
'178,508
13,990
71,104
57,003
149,985
15,900
*S1S,
7S8
Taxes, joint facility and equip, rents
do
d
10,128
86,683
38,080 ' 99, 947
43,994
4,78
97,126
54,439
61,321 «* 86,90S
70,848
57,805 *20,459
Net railway operating income . .
do.
d
51,152
48, 82 6 * 20,99S d 87,07
34,384 *7LG56
8,849
65, 755
62,990
20,224
33,887
28,589
Net income t._
....do
fRevised.
* Deficit.
IData for June, September, and December 1945 and March and June 1946 are for 5 weeks; other months, 4 weeks.
•New series. For data beginning 1929 for the transportation indexes, see pp. 26 and 27 of the May 1943 Survey (scattered revisions have been made in the series marked •'!"' as
published prior to the December 1943 Survey; revisions are available on request). Comparable data beginning January 1943 for freight-car shortages and surpluses and an explanation
of the change in the latter series are available on p. S-21 of the December 1944 Survey.
!See note marked "*" regarding revisions in the transportation indexes and car surpluses. The indicated seasonally adjusted series for freight carloadings, as published prior to the
October 1943 Survey, have been revised beginning 1939 or 1940: all revisions are available on request. Beginning in the April 1944 Survey, revenue data for local transit lines cover all
local transit lines, including all common carrier bus lines except long-distance interstate motor carriers; similarly, data for passengers carried, beginning in the May 1945 issue, represent estimated total revenue passengers carried by all local transit lines; revised data beginning 1936 will be published later.
tRevised data for net income May 1945, $68,694,000.
SURVEY OF CURRENT BUSINESS
August 1946
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1946
1945
June
September
June
July
August
S-23
1946
October
Novem- December
ber
January
February
March
April
May
TRANSPORTATION AND COMMUNICATIONS—Continued
I
TRANSPORTATION—Continued
Oasa I Steam Railway*—Continued
Financial operations, adjusted :f
Operating revenues, total
Freight
.
„
Passenger
Railway expenses...__
Net railway operating income
Net income
__.._
Operating results:
Freight carried 1 mile
Revenue per ton-mile
-
Passengers carried 1 mile.
..mil. of dol.
do...
do._.
do...
.
do...
do...
830.9
626.4
147.0
724.7
106.2
71.2
791.0
597.2
138.2
695.6
95.4
61.4
704.9
514.0
136.7
648.2
56.7
22.5
' 691.1
500.8
140.7
654.7
36.4
3.7
657.0
453.1
149.7
619.6
37.4
668.5
465.0
152.2
607.8
60.6
29.7
628.3
423.2
158.1
674.0
'86.0
'56.0
654.6
459.9
143.6
566.7
87.9
50.9
635.2
458.7
127.1
555.3
79.9
51.2
651.2
485.8
115.9
667.4
',16.
g
d
565.7
405.2
109.8
561.6
4.0
515.0
381.4
93.3
524 5
'9.6
'51.0
...mil. of tons.
cents.
66,598
.977
8,015
64,732
.971
8,185
60,509
.964
8,201
56,058
.928
7,567
53,156
.989
7,963
53,492
.932
7,956
49,843
.867
8,572
52,076
.940
7,454
48,735
.935
6,079
56, 510
.924
5,955
39,841
1.101
5,472
42,406
1.012
4,726
9,629
3,649
5,980
8,928
3,403
5,525
8,359
3,530
4,829
7,506
3,123
4,383
7,587
2,776
4,811
7,679
2,359
5,220
6,061
1,791
4,270
6,378
1,722
4,656
5,844
1,555
4,2S9
6,483
1,735
4,748
6,199
2,029
4,170
5,825
2,126
3,699-
19,410 20,244
7,677
6,710
713,382 r 753,147
331,639 '343, 928
19, 644
4,939
714,562
329,276
20,888
6,031
770,190
353, 527
Jl8
millions-
Waterway Traffic
Clearances, vessels in foreign trade:t
Total, U. S. ports
thous. net tons.
Foreign
_
_
do...
United States
_
do...
Travel
Operations on scheduled air lines:
Miles
flown
thous. of miles..
Express carried
thous. of lb_.
Passengers carried
number..
Passenger-miles
flown..
thous. of miles..
Hotels:
Average sale per occupied room
dollars..
Rooms occupied._„
percent of total..
Restaurant sales index
avg. same mo. 1929=100..
Foreign travel:
U. 8. citizens, arrivals
number.,XI. 8. citizens, departures
.do...Emigrants
do
Immigrants
do—
Passports issuedd*
._
do—
National parks, visitors
number.
Pullman Co.:
Revenue passenger-miles
-thousands.
Passenger revenues
thous. of doL.
COMM UNICATION S
Telephone carriers:1
Operating revenues
thous. of doL
Station revenues.
do
Tolls, message...
_
.do...
Operating expenses
>
..do
Net operating income
_
do—
Phones in service, end of month
thousands..
Telegraph and cable carriers: §
Operating revenues, total...
thous. of doL
Telegraph carriers, total
do...
Western Union Telegraph Co., revenues from
cable operations
_.
-thous. of dol.
Cable carriers
do—
Operating expenses
__._.do.-.
Net operating revenues
do—
Net income trans, to earned surplus
do
Radiotelegraph carriers, operating revenues
do
18,042
7,973
659,861
306,873
4.20
94
250
21,802
20,103
19,640
5,109
6,273
723, 247 647,518
328, 600
20,452 19,783
5,429
5,746
727, 279 723,187
331,056 332,315
4.01
91
212
3.99
87
207
4.28
92
229
4.16
93
211
4.19
95
204
4.31
94
223
4.12
88
198
4.17
92
204
4.12
93
205
15,419
10,992
1,149
3,734
15,393
138,586
20,281
12,401
935
3,677
9,275
289,094
18,193
12,881
1,879
4,065
9,993
449, 111
14,865
11,648
2,025
4,380
9,056
478,258
17,304
13,649
1,499
4,608
21,416
327,843
16,079
14,185
1,838
4,421
12,913
132,316
18,740
17,556
1,289
4,644
11,972
62,090
21,080
20,865
1,027
5,604
10,708
78. 221
27,340
26,795
859
9,575
8,667
99,338
23,164 24,108
8,204
7,232
917,945 1,057,641
"13,294
408, 201
3.97
95
210
4.38
94
226
35,092
25,912
1,138
18,047
12, 986 15,047
129. 260 187,377
3. 95
93
235
22,091
2,319,667 2,266,512 2,361,250 2,289,324 2,422,016 2,526,314 2,419,033 2,563,744 2,082,683 2,196,055 1,899,120 1,628,486
9,636
13,520 12,498 12,316
13, 217 12,855 13,488 11,084
12,094 10,928
12,120
13,214
176,637 175,677
92,652 91,695
69,816 69,617
115,244 118,510
19,916 19,015
24,703 24,761
179,424
92, 323
72,468
120,667
21,058
24,794
174,487
92,141
67,918
114,666
20,518
24,834
184,380
96,700
73,493
128,495
22, 3*3
24,994
17,511
16,035
16,694
15,419
19,224
17,947
17,033
15,897
18, 359
17,099
17,366
16,197
19,191
17,667
14,754
13,583
803
1,476
13,265
2,335
1,463
1,704
737
1,275
13,194
1,535
519
1,772
741
1,277
15, 371
1,879
863
1,971
708
1,137
17,268
* £, 127
* 6,066
1,952
761
1,2f.O
15,166
1,419
654
2,031
750
1,169
19,187
*8,685
'6,812
1,966
961
1,524
14, 789
2,155
2,509
2,274
507
1,171
14,877
* 2,001
181, 325 187,183 187,610
96, 523 99,127 100,993
70, 768 73. 711 72,357
125,329 138,955 130,473
23,744 53,074 27,962
25,184 25,446 25,747
1,908
179,327 187,727 189, 254
98,822 101, 773 103,625
66,340 71, 762 71,230
129,442 141,197 141,053
23, 548 21,226 23, 910
26,067
26.435 26,782
13,891
12, 777
587
1,114
13, 654
<*l,60g
' 2,076
1,787
15,815
14, 496
16,064
14,807
712
1,319
14,514
4 558
*795
2,119
678
1,257
14,078
70
*S86
2,077
1,927
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Selected inorganic chemicals, production:*
Ammonia, synthetic anhydrous (100% NH3)
short t o n s . .
Calcium arsenate [100% Ca3(AsO<)2]
thous. of lb__
Calcium carbide (100% CaCj)
.
short t o n s . .
Carbon dioxide, liquid, gas and solid (100% C O 2 ) 0
thous. of lb._
Chlorine
short t o n s . .
Hydrochloric acid (100% HC1)._.
...do
Lead arsenate
thous. of lb_.
Nitric acid (100% H N O S ) .
short t o n s . .
Oxygen
mil. cu. ft__|
Phosphoric acid (50% H3PO4)
short t o n s . .
Soda ash, ammonia-soda process (98-100% Nas CO3)
short t o n s . .
Sodium bichromate
do
!
Sodium hydroxide (100% N a O H )
do
Sodium silicate, soluble silicate glass (anhydrous)•
short t o n s . .
Sodium sulfate, Glauber's salt and crude salt cake
short tons.
Sulfuric acid (100% Hj SO*)e
do....
Alcohol, denatured:!
Consumption
thous. of wine gal
Production..
...do
Stocks
.
..do
1 60,609
4,116
43,124
45,072
5,157
63,134
47,431
4,582
62,480
46,787
2,227
55,090
42,685
906
45,384
38, 292
1,304
47,353
45,298
1,403
44,610
45, 557
41,364
41,384
952
45,192
39,738
1,139
40,316
44,271
1,610
44,460
43,358
3,256
40,014
34,511
r 3,192
36, 761
78,545
96, 420
27,438
5,091
1 55,416
869
68, 706
84,361
106,699
37,348
5,485
39,662
1,234
61,438
88,758
105,189
35,891
3,802
38,944
1,190
59,957
88,566
97, 659
33,839
4,723
37,088
978
57,952
79,983
89,602
30,552
2,313
32,025
893
63,941
68,810
89,392
29,691
2,869
34,262
916
61,500
57,923
91, 461
30,026
4,225
31,352
873
70,409
51,427
94, 784
28,990
5,514
33,033
891
68,231
56,078
89, 707
26,822
6,421
34,769
716
68,452
54,169
84, 741
26, 791
7,567
31,123
606
69,525
65, 337
96, 439
26,805
8,755
30,899
951
74,600
75,334
94, 865
26,867
8,665
31,311
885
70,740
75,176
89,947
26,331
'7,810
32, 538
'836
' 62,573
308,623
6,285
148, 741
358, 782
5,951
160,435
358,217
6,244
157,644
363,802
6,537
152,318
333,453
6,561
139,969
381,468
7,347
146,374
355,639
6,999
148,194
379, 786
6,769
153,395
387,012
7,735
154,349
342, 625
7,134
143,248
380, 489
7,777
160, 009
342,749
7,837
151,332
303,174
7,096
139,276
34,912
43, 733
32,060
34,806
24,864
27,321
28.781
29,276
34,524
32,494
32,182
29, 914
29,198
57, 751
733, 241
61,559
822,025
62, 519
841,747
61, 464
782, 594
57,378
677,053
' 63,674
726,291
'63,928
705,953
' 57,738
745, 554
'50,710
743,904
' 53, 818
665,177
' 59,262
764,996
' 59, 525
804,285
'61,679
(a)
780, 702
16,119
13,852
10,007
«• Revised. Revisions for sodium sulphate resulted from a reclassification of reports of several producers of salt cake previously classified as producers of anhydrous materia£and
of one
producer of anhydrous materials previously classified as a producer of salt cake.
1
Includes operation of 2 establishments not included prior to June; production of these plants, formerly Government-owned, was classified as military prior to June.
' Deficit.
cf Includes passports to American seamen.
©For 1944 revisions see August 1945 Survey.
° Not available for publication.
^ Data relate to Continental United States; the original reports for recent years include also data for 3 companies operating outside of the United States.
§ Compiled on a new basis beginning 1943; see April 1944 Survey for 1943 data and sources of 1942 data on the new and the old basis.
©Data have been shown on a revised basis beginning in the March 1945 Survey.
• Data were revised in the September 1945 Survey; see note in that issue.
|Data continue series published in the 1942 Supplement but suspended during the war period; data for December 1941-February 1945 will be shown later.
fData have been shown on a revised basis beginning in the June 1944 Survey; revisions for January 1937-February 1943 are available upon request.
""' *New series compiled by the Bureau of the Census; see pp. 23 and 24 of the December 1945 Survey for data through December 1943 except for carbon dioxide, sodium silicate,
Digitized*calcium
for FRASER
arsenate, and lead arsenate; data beginning 1941 for these series will be shown later.
14,647
12, 382
8,962
37,393
40,893
* 21, 637
37,088
36, 774
21,307
32,530
31, 786
20,539
26,113
26, 555
21,031
19,012
19, 261
21,257
15, 473
13,060
18,844
12, 753
12,313
18,396
11, 486
11,617
18, 549
10,817
10, 017
17,802
13, 530
11,894
16, 224
15, 717
13,229
13, 306
SUEVEY OF CUEEENT BUSINESS
S-24
1946
Unless otherwise stated, statistics through 1941
and descriptive notes may he found in the
1942 Supplement to the Survey
August 1946
1945
June
June
July | August |
t e ^ £ber
e
1946
October
Novem- Decem- j Januber
her
ary
February
March
April j ]May
CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS -Continued
i
Alcohol, ethyl, incl. spirits and unfinished spirits: •
Production, total (net)
..thous. of proof gal.
Ethyl alcohol.„
do...
Spirits and unfinished spirits 5
__.do___
Stocks, end of month, total
„
do__.
Ethyl alcohol, total
.„-...
do
Tn industrial alcohol bonded warehouses
do
In denaturing plants...
do...
Spirits and unfinished spirits
_do
Withdrawn for denaturing
do__.
Withdrawn tax-paid, ethyl alcohol
_.._do___
Glycerin, refined (100% basis)-*
High gravity and yellow distilled:
Consumption
_.thous. of lb_
Production
do___
Stocks
do...
Chemically pure:
Consumption
.
do...
Production
do
Stocks
do...
Other selected organic chemicals, production:
Acetic acid (synthetic and natural)*
..do...
Acetic anhydride*
do...
Acetyl salicylic acid (aspirin)*
_do___
Creosote oil*
..thous. of pal.
Cresylic acid, refined*..
thous. of l b .
Ethyl acetate (85%)*.._
do...
Methanol' §
Crude (80%)
thous. of gal.
Synthetic (100%)
do_._
Pbthalic anhydride*..
thous. of l b .
87, 581 67, 213 75. 740 39. 925
49.166
50, 777 47, 275 34, 360
6, 621
40, 792 17, 739 31,122
r
159, 855 157,814 162,504 r 161,357
'141,198 133. 508 136, 785 139. 586
r 42,680 40, 830 42. 764 47, 555
98. 518 92, 078 94, 021 92,029
18, 657 24, 306 25, 719 21, 771
76,149
68, 014 59, 233 48, 653
3,297
3,103
2,096
3,401
22, 965
23, 285
5,134
140. 7,r0
110, 539
37,014
73, 525
30, 211
22 832
3, 579
31, 780 28,016
28, 464 29,516
30, 982 32, 390 3D, 590 25, 27?
26, 737 22,184 23.782 23, 514 •23,823 27, 277 26, 235 23, 692
7,462
6,769
6,586
7,461 I 8,448
6, 7S7
5, 9G8
5, 946
153,632 148,261 134, 780 148.738 152.-r 54 151,066 j 149,294 143,070
132. 015 126,190 111,493 122,891 123,951 121,654 1 J18, 318 113,160
43, 635 40, 569 42, 030 40. 320 43,131
37, 570 39. 294 36, 369
88, 3S0 85, 621 69. 463 82, 571 80, m
84,083
79,025
76, 799
21, 617 22,071
23, 287 25, 847 28, 603 29. 412 30, 976 30, 81C
35, 515 24,070
37, 965 21,393
18.532 22,081
24,429
25, 643
4,153
4,080
3,023
5,118
4,276
4,561
4,411
3, 809
6, 8G5
5,319
18, 591
8,135
8,920
26,998
9,240
5,999
22, 564
8,799
7,323
19,876
7,229
6,494
18,109
8,451
7,544
17,562
6,395
5,612
15,901
5, 825
5, 234
15,135
6.010
5, 010
15, 864
5, 588
5,323
17, 591
6, 431
5, 373
19, 347
f>, 4S9
5. 7S0
18, 700
0,440
5, 687
18,207
5, 379
7,634
21, 894
7, 757
6,695
28,103
7,387
4, 599
27,634
7,834
5, 850
22, 282
7,523
7,079
22, 271
8,142
7,170
19, 067
7,143
7,750
18,346
6,109
6,391
17, 596
6,336
7,636
16, 941
5,446
7,741
19,028
5,777
8,992
18, 634
5, 568
8,000
19, 708
5, 800
8.024
20, 881
26, 349
46, 414
883
13, 615
2,077
7,902
23, 356
43, 867
814
12, 892
2,375
9,456
23, 822
42, 729
815
20,812
37, 789
962
12,198
2,431
6,849
IS, 478
38, 535
1,011
13, 550
2,133
7,329
22, 063
46, 241
966
13, 747
2, 573
6,898
24, 322
44, 294
910
12, 059
2,108
7,110
22,983
45, 733
986
11, 755
1,744
6,421
23,143
38,330
P34
8,443
1,517
6,412
26. 746
44, 027
976
13, 295
2,465
7,751
25, 529
44, 790
1,014
12, 438
2,267
7,610
23, 266
40, 757
975
9,491
1,682
7,180
313
6,012
11,802
291
6,318
10,934
6,169
11,284
243
6,112
9,567
278
4,736
8,066
253
5, 680
7,881
295
6,823
8,555
264
7,237
9,061
231
6,259
7,094
248
6,991
9,777
231
6. 616
0. 217
260
1, 119
8,128
192
148
77,847 141, 982
7, 265
2,633
62, 293 123,099
6, 851
4, 753
83, 985 91, 584
79, 219 84.146
47, 016 58,160
4.392
0
0
984
292
86, 647
3,581
66,878
5, 705
70, 738
G6, 492
22, 861
732
0
379
370
95, 257 115,015
5,847 25, 709
75,291
79,026
4,021
2, 757
79, 615 65, 489
68, 543 57, 091
25, 777 14, 556
7,538
4,444
0
0
1.650
72, 079
1. 650
62, 568
1.650
66,158
248
12,118
2,539
10,970
298
FERTILIZERS
163
66.197
2,951
55, 595
1,316
139, 392
118,304
80, 068
13,054
1,722
1
237
Consumption, Southern States- thous. of short tons..
Exports, total ®._
long tons..
Nitrogenous ®
do
Phosphate materials <g>
do
Prepared fertilizers <g>
do
Imports, total <g>
_do,._.
Nitrogenous, total <g>
_
do
Nitrate of soda ®.._
_.dc
Phosphates <g>--„
do
Potash <8>
do
Price, wholesale, nitrate of sodaf crude, f. o. b cars, port
warehouses O__
dol per 100 !b-. 1. 650
Potash deliveries. _
_._
short toiiE..
Superphosphate (bulk) :t
624, 701
Production
..do
640,169
Stocks, end of month
do
1.650
83, 465
1.650
67, 444
671,074 666,848 694,908 651,140
803, 939 836, 580 884, 061 914,147
MISCELLANEOUS
Explosives1 (industrial), shipments
thous. of !b._ 47,122 38, 942 37, 370 37,876
Gelatin: d
3,233
2,788
2,272
3,173
Production, total*
do
2,038
2,183
1, 559
2,285
Edible
do
6, 201
4,736
5,261
5,693
Stocks, total*
do
2, 652
2,139
2,322
2,526
Edible.
do
Posin (sum and wood):
Price, gum, wholesale " H " (Sav.). bulk
6.52
5.81
5.81
dol. per 100lb_.
376, 750
Production*
drums (520 lb.)__
383,979
Stocks*
do
Turpentine (gum and wood):
.80
.74
.76
.84
Price, cum. wholesale (Savannah)t
dol. per pal..
139, 046
Production*
bbl. (50 pal.)..
184, 777
Stocks*
do
Sulfur:*
Production
.long tons.. 304, 472 309. 570 313,391 346, 349
3,861,525 3,776,738 3,698,357 3,711,311
Stocks
.do
1.650
68, 408
5
552
1,136
1,365 i 1, 309
i 745
404
98,148 85, 688 114, 520 83, 304 90, 315 82,156
32, 448 10, 436 28, 454 12, 347 12, 737 14, 904
55, 026 65, 032 74,787
63, 789 73, 022 02,311
362
716
348
558
2,9^4
505
69, 447 120, 210 84,361 128,051 127,517 130. 394
56, 672 100,919 66, 493 112, 380 113,814 109, 535
13,030
47,862 22, 437 65, 227 69, 553 79, 379
4,454
8,958
10, 438
971
714
8, 055
3,000
3,929
982
200
1, 000
1,350
1.650
81,185
1. 650
95, 769
1.650
73, 577
1.650
79, 778
1.650
85, 314
1.650
732,814 718,023 656, 425 717, 426 702, 564 716, 775 765, 314 687. 92f,
897, 532 898, 541 904, 994 916,458 847,990 675,130 523, 999 515, 390
38, 205
38,795
37,543
34,745
35,935
36, 268
38,060
2,595
2,120
6,136
2,343
3, 452
2, 292
4, 561
2,187
3.304
2, 257
4,823
2,367
3,350
2,142
5,330
2,459
3,383
2,057
5,413
2,346
3,612
2, 439
5,647
2,505
3,919
2,541
6,139
2,763
6.76
397, 731
473,146
6.76
6.76
6.76
375, 501
479, 890
6.76
6.76
.77
142,078
165, 326
.80
.82
.83
121, 099
150, 098
.84
.84
33, 336
43, 584
?,, 784
2,318
6,126
2. 716
3, 825
2,271
6, 321
2, 695
6.76
302, 054
388' 68°
6. 76
6. 70
.84
85 908
100 749
.84
.84
341,060 348, 365 323, 738 331,843 318, 722 286,316 281, 490 284.473 305, 330
3,682.511 3,858,728 3,916,334 4,003,917 4,060,461 4,063,286 3,978,735 3,892,982 3,873,962
OILS, FATS AND BYPRODUCTS
Animal, including fisb oil:
Animal fatsrt
95, 487 112,173 117,133 115,984 119, 264 117, 782
98, 309 119, 747 106,522 116,707 111,115
Consumption, factory
thous. of lb_. 102, 231 123,734
136,182 189,914 175, 763 177, 093 155, 031 164, 949 232, 665 258, 941 236,879 291,151 208, 385 194,656 201, 757
Production
__
..do
208,952
189,
392
179,667
230,
218
239,
521
231,
504 255,195 274, 512 264,817 251, 468 204, 982
200,043
162,
98G
Stocks, end of month
_
do....
Greases :t
52,016
40,203
35,
557
55,826
54,953
49,
729
40, 558 40,348
43,
590
50,012
49, 895 49. 933
48,056
Consumption, factory..
_
_do
37, 569 41,127 44, 516 45, 673 48,141
44,117
41, 455 41,005
53, 213 49, 360 47, 90S 47, 633
Production,
d o . . . . 42. 407
78,
392
71,094
66,052
81,
423
71,615
77,806
72,316
91,807
92,
996
65,
397
90, 1S9 95,171
90, 802
Stocks, end of month
do
' Pevised. » Excludes data for Mississippi which has discontinued monthly reports; June*1945 figure excluding this State, 161,000, February 1946,1,272,000.
© For a brief description of this series see note in April 1946 Survey. JSee note marked " i " on p S-25.
^ Includes production for beverage purposes, reported separately through October, as follows (thous. of proof gallons): June, 112; July, 14,685; Aug., 6,042; Sept., 4,414; Oct.,
6 954 These amounts and total production shown above after October are included also in data for production of distilled spirits shown on p. S-26.
' § p e e note in the April 1946 Survey with regard to differences between these series and similar data published in the 1942 Supplement to the Survey.
• Data for ethyl alcohol, except stocks at denaturingplants. continue data published in the 1942Supplement to the Survey butsuspended during the war period; stocks at denaturing plants were not reported prior to 1942. The data for spirits and unfinished spirits are production at registered distilleries and represent primarily production for industrial purposes
under the acts of January 24 and Mar. 27,1942. but include amounts produced for beverage purposes (see note marked \). Total production of ethyl alcohol and spirits shown above
represents net amount after deducting unfinished spirits used in redistillation. Tax-paid withdrawals of spirits and unfinished spirits are not shown here since they are included in
total tax-paid withdrawals of distilled spirits shown on p. S-26.
& Data for gelatin cover all known manufacturers: the series for edible gelatin continue data published in the 1942 Supplement; the totals include technical, pharmaceutical and
photographic in addition to edible gelatin: data prior to March 1045 will be shown later.
<£> Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
*NPW series. For a brief description of the series on glycerin, see note in November 1944 Survey. For data through December 1943 for the other indicated chemical series, see p. 24
th
D
b
1045 S
D t
f
d t i
d
t
k
f
s i na n d t u r p e n t i n e a r efrom t h e D e p a r t m e n t of A g r i c u l t u r e a n d r e p r e s e n t total p d t i
f
d
d
a beginning in lsi42 willbe published later. Data for 194043 f r s u p
p
y
y
d e g r g t e e series for gelatin,
t Revised series. See note in November; 1943 Survey regarding change in the turpentine price series beginning in the April 1943 Survey and superphosphate beginning
September 1942.
SURVEY OF CURRENT BUSINESS
August 1046
Unless otherwise stated, statistics through 1911
and descriptive notes m a y be found i n t h e
1942 S u p p l e m e n t t o t h e Survey
1946
1945
1946
June
S-25
June
Au ust
July
^
j temb'er
October
Novem- December
ber
January
February
March
April
May
CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND
BYPRODUCTS—Continued
Animal, including fish oil—Continued.
Fish oils:J
Consumption, factory
thous. of lb__ 13,319
13,876
Production
do
58,906
Stocks, end of month..
do..
Vegetable oils, total:
Consumption, crude, factory
mil. of lb_.
268
Exportsc?
thous. of lb__
1
Imports, totalcf
..
do
Paint oilsd1
do
All other vegetable oilscf
do
Production
mil. of lb._
235
Stocks, end of month:
486
Crude
do
Refined.
___do
475
Copra:
Consumption, factory^
short tons__ 21,408
Importso*
do
Stocks, end of m o n t h !
__
do
24,333
Coconut or copra oil:
Consumption, factory:*
Crude..
thous. of lb._ 24,888
Refined
do
8,148
Imports©*
.do
Production:
Crude*
do___. 27,188
12, 729
Refined
do
Stocks, end of month:*
Crude
do
85. 537
Refined
do__.
10,258
Cottonseed:
Consumption (crush)
thous. of short tons..
54
Receipts st mills
do
9
Ptoeks at mills, end of month
do
100
Cottonseed cake and meal:
Production
short tons.. 23,303
Stocks at mills, end of month
...do
40,314
Cottonseed oil, crude:
Production
thous. of lb._ 16,781
Stocks, end of month
_
_
do
24,542
Cottonseed oil, refined:
Consumption, factory*
...do
67, 513
In oleomargarine
do
Price, wholesale, summer, yellow, prime (N. Y.)
dol. per l b .
.143
Production
thous. of lb_
33,457
Stocks, end of month
d o . . . 316,186
Flaxseed:
Importscf
...thous of b u .
Duluth:
Receipts
...do
278
Shipments
do_._
482
Stocks
do___
292
Minneapolis:
Receipts
__
__do
468
Shipments. _.
_
do___
134
Stocks..
__
do
620
Oil mills:*
Consumption.
do
2,470
Stocks, end of month
do...
2,789
Price, wholesale, No. 1 (Minneapolis)...dol. per bu._ 4 3.35
Production (crop estimate) thous of bu
20,149
Linseed cake and meal:
Shipments from Minneapolis
thous. of lb_. 24, 840
Linseed oil:
Consumption, factory*
do.
45, 737
Price, wholesale (N. Y.)
dol. p e r l b . .
.155
Production *
thous. of lb__ 50.522
Shipments from Minneapolis
do..
20,100
Stocks at factory, end of month.
do..
115,468
Soybeans:
Consumption, factory*
.thous. of bu
12,051
Production (crop estimate)...
do_.
Stocks, end of month
_._do_.
22, 753
Soybean oil:
Consumption, factory, refined*.
thous. of l b .
86,459
Production:*
Crude
__
do._
107,904
Refined
_.
do..
105,136
Stocks, end of month:*
Crude
do__
137, 539
Refined
do__
116,356
Oleomargarine:
Consumption (tax-paid withdrawals) §
do__
Price, wholesale, standard, uncolored (Chicago)
dol. per lb__
.165
Production!..
_
thous. of lb__
Shortenings and compounds:
Production
do
103,861
Stocks, end of month.
do
45,868
Vegetable price, wholesale, tierces (Chi.)..dol. per l b , .
.165
r
1
Revised.
Not available for publication separately.
19,701
11,263
103,749
19, 069
17, 635
98, 200
292
6,524
37, 235
1,525
35,710
257
242
10,892
11,048
4,895
6,153
233
289
8,555
59,347
25,413
33,934
258
270
5,766
34,730
20,891
13,839
295
363
9,175
23, 727
10,076
13, 651
379
387
22,902
5,034
1,198
3,836
431
345
3,301
37, 253
23, 722
13, 532
374
442
427
391
695
352
705
359
725
413
740
463
9,138
6,576
10,277
5,496
4,570
12,712
12, 711
10,364
9,093
8,762
9,415
9,947
15,417
8,428
3,483
2,840
1,437
2,083
8,591
13,859
5,127
4,761
9,170
3,902
217
11, 649
4,357
5,745
10, 859
5,086
2,717
13, 264
5,624
0
11,938
5,515
7,195
2,620
16, 364
4,498
11,236
4,446
20,123
5,395
119.359
2,208
122,819
1,479
135,258
1,993
'135
22
'284
115
52
220
122
109
206
'61,886
'71,488
53,513
52, 258
54,442
40,069
'43,736
'64,855
37,760
55,121
37,247
36,980
76,010
50,036
171,060
93,325
87,141
19,816
73,693
21,982
88, 277
20,123
74,709
17,808
76,748
18,650
.143
'69,468
295,908
.143
43,492
275,625
.143
53,043
234,177
.143
55,086
207,918
281
23
207
123
592
286
179
78
222
28
173
108
93
70
74
884
545
428
2,901
1,247
2,082
2,566
2,417
2,231
496
1, 336
1,175
116
17
1, 274
40
0
1,315
175
210
1,279
142
288
1,134
114
751
496
432
113
109
321
198
61
1,649
155
9
7,251
588
2,489
5,033
1,670
1, 218
5,026
783
165
4, 594
362
68
4,078
323
248
3,355
638
225
2,576
365
210
1,691
233
197
1,042
1,384
1,826
3.11
1,368
1,682
3.11
1,878
2,041
3.10
2,626
4,955
3.10
2,865
5,583
3.10
3,606
5,546
3.10
3,239
5, 751
3.10
3 36,688
2,777
4,260
3.10
2,317
2,636
3.10
2,015
2, 846
3.10
2,091
2,306
3.10
2,046
2,495
3.27
17,940
14,400
41, 580
54,840
49,920
35, 220
32, 340
29, 220
30, 860
34,080
26, 820
37,547
.155
.155
28,214 38,245
15,180 19,380
145, 377 151,035
40,486
.155
52,742
27,360
168,695
36, 600
39,218
.155
27, 531
20,340
159,854
25,052 24, 444 30, 549 28,114
22, 577
29, 424 40,146
37, 324 16.955
6,105
115,115 128,806 141,017 132, 246 118,149
19, 493
3,718
97, 468
369
6,829
2,906
1,102
1,804
407
16, 072
903
83,822
16, 224
648
73, 676
14, 931
831
60,842
14, 525'
2,173
55,484
365
3,490
22, 283
19,149
3,134
327
335
14,103
17, 392
9,445
7,947
318
330
9,915
13,492
5,077
8,415
287
296
29,776
10,099
6,883
3,216
261
535
647
548
604
544
0)
0)
724
498
8,943
11,426
8,925
9,393
15,965
6,122
13,921
11,724
12,180
18,871
22,788
13,889
546
'1602
17,488
18,129
15,432
12, 545
4,671
594
11,490
4,307
0
12,919
5, 323
229
14, 243
4,804
133
12, 748
4,179
0
20,334
7,758
546
19,695
7,161
0
3,597
4,635
3,679
()
11, 430
4,689
12,016
5,043
17,557
3,371
23,988
8,737
22,353
8,504
133, 713 125,169
2,199
2,038
120,694
1,505
114,103
1,882
120,045
1,832
119,090
3,125
443
328
944
462
152
634
285
133
482
228
116
370
163
33
241
108,493
5,475
103
9
147
108,887 240,449 251,625 194. 227 203, 319 125,542
49, 561 56, 375 52, 741 52, 827 61,072 56,001
100.544
55, 571
68,680
48,616
176,006 137,976 143, 349 88,893
109, 820 114, 477 128,166 105, 255
72, 347
91. 650
50,834
63, 563
44, 252
45, 738
32,626
43,994
77,416
18,491
84,414
15, 542
84,768
16,144
138, 510 145,896
2,038
1,983
246
468
427
550
955
563
789
1,059
73, 760
16,482
64, 008
15,042
.143
.143
.143
108, 363 150,092 119,752
232, 457 305, 238 359,143
84, 004
18, 794
84, 568
18,034
.143
.143
.143
.143
.143
112, 067 109, 495 77, 837 69, 571 48, 258
386,122 406,486 404, 645 394,368 353,322
432
49,687 42, 881 39,069
44, 257 43,054
.155
.155
.155
.155
.155
71,872 63,438
56,016 45,749
56,769
35,820 28,800 26, 280 27, 720 24,600
167, 526 171,872 180, 056 173, 693 152,812
796
46, 888 51, 297 48, 938
.155
. 155
.155
40, 622 42,129 41,371
26, 580 23,880
23, 520
138, 748 132,346 117, 589
13, 257
12,809
12, 536
12,083
9,912
14,040
15,319
15, 241
14,214
13,984
21,319
12, 886
3,547
26,778
50, 834
13,860
3191.722
46, 255
16, 310
26,387
42, 777
39,371
37. 249
34,087
27, 799
94, 726
81,680
90, 770
86, 023
88, 478
124, 251 118,146 143,436
88, 675 91, 396 112,617
135,103
121,887
78,617
66, 682
90,060
86,344
99,626
118, 263
98,123
114,508
84,644
111,342
111,576
108,684
92,048
88,893
101,132
97, 241
99,994
120,091
105,975
102, 607 104,094
112, 582 105,165
31,383
37,846
39,785
.165
'48,622
.165
53,693
.165
50,199
105,160
98,176 128,078
46,026
42,349 45,857
.165
.165
.165
2
Included in total vegetable
90,566
94,936
134, 747 125,990
119,199 112,155
124,587
114,395
150,589
110.079
153,079
114,637
148,334
111, 749
45, 014
41,837
41,930
.165
.165
46, 677 43,495
115,535 137, 338 121,930 101,867 118, 797 119, 343 108, 434 113,829
39, 551 35,265 39, 725 33,095
45,719 43, 635 39,793 44,002
.165
.165
165
.165
.165
.165
.165
.165
oils but not available for publication separately.
. 165
34, 556
.165
44,632
86, 564 116, 912 133, 937 140, 352 149,410
92,562 73, 395 71,090
79, 522 95,906
46,438
.165
49,720
41,063
.165
46,027
43, 008
.165
44,443
47,644
.165
48,099
43,636
.165
45, 503
123,847
46,233
.165
* Revisions for 1941-42 for coconut or copra oil production and stocks and linseed oil production and for 1941-43 for other indicated series are available on request; revisions were
generally minor except for fish oils (1941 revisions for fish oils are in note on p. S-22 of the April 1943 Survey).
T Data for January 1942-February 1945 will be shown later; publication of thes^ data was temporarily discontinued in 1942.
§ For July 1941-June 1942 revisions see February 1943 Survey, p. S-23; revisions for July 1942-June 1944 are on p. 23 of November 1945 issue. Unpublished revisions: Con
sumption—1944, July, 28,123; Aug., 34,354; Sept., 48,847; Oct., 56,489; Nov., 53,837; D e c , 52,405; 1945, Jan., 59,414; Feb., 51,050; Mar., 50,474; Apr., 46,953; May, 41,658; production—
1944, July, 34,706; Aug., 37,689; Sept., 51,084; Oct., 57,202; 1945, Jan., 59,329; Mar., 54,946; Apr., 55,650.
c? Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be shown later.
SURVEY OF CURRENT BUSINESS
S-26
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Surrey
August 1946
1945
1946
June
June
SepJuly 1 August tember
1
1946
October
Novem- December
ber
January
February
March
April
May
CHEMICALS AND ALLIED PRODUCTS—Continued
PAINT SALES
Calcimines, plastic-texture and cold-water paints:t
Calcimines
thous. of dol.
Plastic-texture paints
do.._
Cold-water paints:
In dry form
do___
In paste form for interior use
do
Paint, varnish, lacquer, and fillers, total
do...
Classified, total
do.._
Industrial.__
do...
Trade
do...
Unclassified
do...
170
50
87
50
101
50
90
48
78
266
361
58,368
52, 266
26,255
26,012
6,102
246
236
52,623
47,175
24,485
22,689
5,449
250
262
51,101
45, 595
22,168
23, 427
5,506
208
243
48,020
42,862
16,851
26,011
5,158
281
190
57,540
51,838
20,820
31,018
5,702
271
200
50, 298
45, 039
18,996
26,043
5,259
1,386
5,151
1,267
1,294
5,018
1,104
1,432
5,465
1,417
1,313
5,344
1,222
1,533
6,114
1,426
91
190
187
43,382
38,072
16,614
21,458
5,311
111
75
199
269
56,556
50,415
19,983
30,432
6,141
100
87
262
240
54, 573
48,891
17, 643
31, 248
5,682
1,660
6,171
1,498
1,165
5,395
1,289
1,564
6,690
1,514
1,549
6,025
1,435
68
85
100
113
305
274
64,697
58, 279
20, 940
37,339
6,418
365
271
72,339
65,021
24,256
40,765
7,318
1,752
6, 504
1,521
1,862
7,181
1,714
CELLULOSE PLASTIC PRODUCTS
Shipments and consumption^
Cellulose acetate and mixed ester plastics:
Sheets, rods and tubes
thous. of lb_Molding and extrusion materials.
.do
Nitrocellulose, sheets, rods, and tubes.
.do
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production, totalcfmil. of kw.-hr..
By source:
Fuel
_
do Water power
_
do
By type of producer:
Privately and municipally owned utilities
do
Other producers
.
do
Sales to ultimate customers, total (Edison Electric
Institute) 5
mil. of kw.-hr..
Residential or domestic
do
Rural (distinct rural rates)
do
Commercial and industrial:
Small light and power 1
.
.do .
Laree light and Dower 1
do
Street and highway lighting J
- .
do
Other public authorities^
do
Railways and railroads ^
do
Interdepartmental ^
_
do
Revenue from sales to ultimate customers (Edison
Electric Institute) - -. thous. of dol
17,621
18,834
18,954
18,625
17,008
17, 671
17,358
18,109
18,403
16,193
17, 800
17,477
r
10,841
6,680
11,859
6,974
12, 252
6,702
12,280
6,344
10,980
6,028
11,208
6,463
11,026
6,332
11,523
6,586
11,292
7,110
9,967
6,226
10, 521
7, 278
10,797
6,680
' 10,577
' 7,09S
15,212
2,410
16,145
2,688
16,130
2,824
15, 705
2,919
14,510
2,498
15,108
2,563
15,094
2,264
15,698
2,410
15,901
2,501
13,900
2,294
15, 288
2,512
15,076
2,402
15,162
' 2, 514
16,605
2,656
403
16,267
2,603
375
16,139
2,612
478
14,895
2,693
383
14, S02
2,789
390
14,908
3,026
258
15,283
3,275
264
15,757
3,658
242
14,920
3,505
243
15,091
3,282
249
15, 233
3,094
328
15,064
2,994
378
2,478
9,641
146
656
674
50
2,439
9,463
149
640
560
45
2,497
9,147
161
632
562
50
2,477
8,028
175
562
533
45
2,509
7,826
197
555
588
48
2,566
7,657
209
535
608
50
2,663
7,561
223
540
702
56
2,755
7,596
229
512
708
57
2,708
7,083
198
518
614
51
2,622
7,592
193
486
613
53
2,595
7,916
174
483
591
52
2,578
7,869
160
463
570
51
277,255
274,356
275,022
267,943
271, 413
276, 718
284,845
297,601
288, 746
282, 543
278,337
277,145
53,234
51, 291
46, 754
41, 802
40,159
233, 502
224,179
200, 780
183, 736
170, 284
17, 675
GASf
Manufactured and mixed gas:
Customers, total .
thousands..
Residential
do _
Residential central heating.
do
Industrial and commercial
do
Sales to consumers, total
mil. of cu. ft_.
Residential
- -do
Residential central heating . . .
do
Industrial and commercial
do _
Revenue from sales to consumers, total.-thous. of dol.
Residential
-do .
Industrial and commercial
- - do
Natural gas:
Customers, total
thousands
Residential (incl. house heating)
_do_._
Industrial and commercial
- - do _
Sales to consumers, total...
...mil. of cu. ft..
Residential (incl. house heating)
.
do
Indl., coml., and elec generation
. do
Revenue from sales to consumers, total—thous. of dol—
Residential (incl. house heating)
. - do
Indl, coml, and elec. generation
do
10,659
9,797
379
472
i 38, 788 i 33,757
* 56,475
» 16,983
2 46, 918
2111,748
2
73, 451
2
11,119
» 26,586
i 31,206
10,742
9,869
395
469
131,982
* 53,421
3
5,191
2 37,522
2 97,534
J
70,518
2 4,287
2 22,273
136,466
10,685
9,777
440
458
i 41,463 »48,872
2 57, 703
«26,952
2 40,925
2117,669
2 75,130
216,425
2 25,464
9,179
9,188
9,482
8,537
8,516
8,761
649
661
718
1
167, 509 1144,630 i148,515 1144,254 1150,641 1174,743 1197,634
2
» 75,746
135, 217
2156,228
2
2 350,580
2 312,220
378, 267
U21,176 2171,588
»164, 670
-2 54,512
2 95,141
* 88,088
2
2 65,199
2 75, 707
75, 264
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquor:|
8,149
8,104
8,104
7,758
Production
thous. of bbl,
8,081
6,798
7,508
5,452
7,236
5,642
7,743
8,149
7,437
7,340
7,381
6,800
6,856
i, 228
6,527
5,581
Tax-paid withdrawals
__do...
5,708
8,447
8,225
9,043
8,322
7,855
8,449
9,262
8,710
8,429
Stocks, end of month
do...
8,135
1,189
Distilled spirits:
Apparent consumption for beverage purposes!
15,217 14, 536 14,234
14,307
18,609
19,030
18,719
thous. of wine gal.
18,916 19, 470
20,250
19,393
1,787
921
933
1,007
1,189
1,366
1,194
Imports •
thous. of proof gal_.
1,159
1,155
1,580
2,078
1,129
15,222
41,796
16,072 29,749 25,693
26,715
24,824
Productionf
thous. of tax gal—
25, 578
19,861
20,918
9,038
9,938
9,660
10,607 13,643 12,239
9,901 r 11,356
10,816
Tax-paid withdrawals!
do
10,612
11, 272
321,957 341, 234 342, 761 341,521 342,686 345,580 357,248 366,406 375,117 380,812 386,443
Stocks, end of monthf
do
r
Revised.
' t For revisions for the indicated series, see note at bottom of p. S-23 of the May 1945 Survey.
1 Original estimates adjusted to agree with quarterly totals based on more complete reports.
2 Total for quarter.
t Data for some items are not comparable with data prior to 1945; see note for calcimines, plastics and cold-water paints at bottom of p. S-23 of the December 1945 Survey.
§ Data for sheets, rods and tubes cover all known manufacturers and are comparable with the combined figures for consumption and shipments of these products shown in the 1942
Supplement. Data for molding and extrusion materials does not include consumption in reporting company plants prior to June 1945, but amounts reported beginning that month
are comparatively small; this series includes, beginning June, data for one additional company which accounted for 7 percent of the total in that month and 4 percent for July.
c? See p. 22 of July 1946 issue for 1943 and 1944 revisions for total electric power production and production by source; revisions by type of producer are available on request.
• Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
t See note marked "f" on p. S-25 of the April 1946 Survey regarding revisions in the data on natural and manufactured gas and the basis of the monthly estimates of gas sales.
See note marked "f" on P- S-27 regarding revisions in the series on alcoholic beverages. Production includes high proof and unfinished spirits produced for beverage purposes and,
beginning November 1945, some spirits used for industrial purposes; see note marked "V* on p. S-24for amounts of spirits and unfinished spirts included here and duplicated in data
on that page. Amounts of ethyl alcohol produced for beverage purposes through October 1945 are given in note marked **J" on p. S-25 of the April 1946 Survey. Stocks of high proof
spirits
and unfinished spirits are not included in the stockfiguresabove but are shown on p, S-24.
SURVEY OF CURRENT BUSINESS
August 1946
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1946
1945
June
September
July
June
August
S-27
1946
October
Novem- December
ber
January
Febru- March
ary
April
May
FOODSTUFFS AND TOBACCO—Continued
ALCOHOLIC BEVERAGES—Continued
Distilled spirits—Continued.
Whisky:
Imports§
_
thous. of proof gal.
Production!
thous. of tax gal.. 7,423
3,934
Tax-paid withdrawals!
do
374,073
Stocks, end of month!
do
Rectified spirits and wines, production, total!
thous. of proof gal. . 11, 949
Whisky
do—.
Still wines:
Imports§
thous. of wine gal..
Production (including distilling materials)!
do
Tax-paid withdrawals!
do
Stocks, end of month!
__.
do
Sparkling wines:
Imports§
..do
Production!
do
Tax-paid withdrawals!...
do
Stocks, end of month!
_.do
768
0
4,655
307, 588
593
24,904
4,483
326, 608
566
7,536
4,704
328,063
674
6,145
5,157
327, 356
916
9,582
6,655
328,729
897
10,373
6,345
330,927
803
15,923
4,780
341, 235
17,128
6,053
350,063
845
14,974
5,394
358,857
970
12,856
5,557
364, 539
932
12, 553
5,239
370,268
1,032
8,122
5,013
371,863
10, 767
9,259
9,556
7,952
10, 785
8,696
11,416
9,792
14, 785
12,677
13, 909
12,074
11,171
9,893
13, 425
11, 582
12,486
10,432
13, 579
10,874
13,860
10,905
13,378
10,462
168
4,844
6,202
102, 725
100
4,157
4,998
97,563
137
4,510
224
167, 396
7,785
169,007
303
83, 042
9,878
183,357
247
18,361
9,057
174,502
274
5,306
8,680
163,965
153
2,924
9,785
152,622
299
3,551
12,809
139,139
321
6,273
11,982
126, 622
476
93,003
134
65,885
5,196
109,492
2
181
84
1,132
2
150
90
1,190
13
125
124
1,179
7
104
125
1,137
21
145
174
1,107
42
132
211
1,000
43
113
210
877
24
155
126
167
121
15
215
145
1,000
43
283
144
1,129
.523
119, 585
49,719
.423
171,717
131,669
.423
155,905
184,759
.423
133,289
206, 501
.423
100,071
189,888
.423
88, 741
164,646
.473
68,834
108, 501
.473
66,640
53,127
.473
69, 520
32,135
.473
66,030
19,462
.473
76, 815
14,925
.473
91,140
14,052
.473
113,995
r 26,856
863
542
859
1,054
569
1,967
1,533
489
1,464
1,461
1,663
.295
128,850
96,445
134,834
109,301
.233
138,617
111,813
182,831
166,739
.233
125, 704
99,917
213,198
196,335
.233
107, 685
87, 596
229,310
208, 558
.233
89, 268
70,964
227, 354
207,438
.233
78, 517
59,118
213,054
193,965
.233
60,856
44, 774
173, 736
159,284
.233
58,085
41.697
127,011
112,896
.233
62,880
44,440
106,623
95, 725
.270
62,765
43,865
91,372
81,913
.270
77,665
53,160
86, 998
74,420
.270
98,145
62,185
84,845
73,054
7,889
62,871
10,469
70,899
4,414
55,177
7,294
46,873
1,625
23,988
6,313
63,449
5, 525
83, 779
13,626
91, 591
7,185
103,114
9,791
112,217
10,899
82,005
9,786
101,653
6.33
4.54
6.33
4.15
6.33
4.15
6.33
4.15
6.33
4.15
6.33
4.14
6.33
4.14
6.33
4.14
6.33
4.15
6.33
4.15
6.33
4.15
6.33
4.14
6.33
4.21
102,317
13,200
384, 700
81,613
15, 527
472,640
61, 769
14, 632
431,256
45,072
13,925
360,704
34, 789
11,938
267,044
27,270
11,217
211,513
24,311
9,469
162,657
27,461
8,840
164,379
32, 301
8,800
180,000
37,037
8,200
181,200
55,076
9,965
234,000
70,108
10, 200
296,600
106, 894
12, 650
377,600
9,617
219,180
11,868
209,953
13,987
204,368
14,310
192,455
11, 753
172,386
7,842
131,226
7,261
89,844
5,357
71, 762
4,991
54,098
5,044
46,245
4,415
59, 045
5,551
80, 577
7,748
150, 579
3.46
12, 696
4,802
3.25
12,989
6,191
3.25
12,301
5,617
3.25
11,058
4,794
3.26
9,622
3,662
3.26
9,079
3,196
3.27
8,264
2,492
3.27
8,382
2,428
3.27
8,615
2,570
3.28
8,292
2,489
3.29
9,796
2,997
3.30
10, 540
3,663
3.32
12,301
' 4,630
21,073
21,480
11,335
22,396
10,247
18,225
26,684
25,285
27,164
15, 856
8,358
4,014
.142
88,132
85,575
88,563
•87,052
.142
71,030
68,900
77,615
76,058
.143
53,245
51,920
56, 745
55,683
.140
39,700
38,650
39,985
38,857
.137
31,440
30, 770
23,712
22,996
.139
24,100
23, 700
12,825
12, 430
.143
33, 530
33,000
14,042
13,736
.144
38,290
37,650
12,786
12,474
.144
40,160
39,350
14,551
14,313
.145
56,140
55, 250
21,014
20, 778
.144
70,830
69,370
35,402
34,832
.145
92,425
90,175
72, 572
71,448
401
586
14,302
953
599
11, 288
1,165
764
8,970
3,085
4,585
8,929
11, 534
18,994
14,106
7,922
19,940
16, 111
i 64, 400
4,507
16,155
21, 217
5,175
10,963
20,851
4,376
6,308
19,751
2, 671
3,522
19, 229
1,530
1,497
21,123
169, 518
239,839
288,829
360,230
381,267
377,126
375,773
362,314
344,026
321,765
291,148
278,109
91, 029
134, 512
163,927
189,033
204,093
198, 545
191,218
172,512
156, 274
147, 394 140, 277
144, 573
3.780
3.428
3.179
2.431
2.445
2.744
3.060
3.000
3.844
4.115
22, 976
19,711
21,350
!6,018
29, 291
3.000
1425,131
23,840
19,994
26,124
21,873
30, 954
24, 282
> 30, 203
'14,641
'14,482
'17,791
'35,295
' 35,682
'34,465
42, 572
38,544
33, 417
28,664
21,168
561
409
578
720
1,464
467
857
609
475
871
814
793
1.18
1.28
1.17
1.27
1.14
1.26
1.19
1.27
1.27
1.31
1.30
1.32
1.30
1.32
1.30
1.31
1.34
1.35
1.34
1.36
1.40
1.43
9,602
12, 998
22,598
16, 575
19,931
22,922
15, 243
23,618
9,832
22, 707
1.30
1.31
263,961
7,537
21,287
6,879
17,652
5,089
14,624
8,868
11,300
5,062
8,335
4,116
5,938
DAIRY PRODUCTS
Butter, creamery:
Price, wholesale, 92-score (N. Y.)t
-dol. per l b .
Production (factory)!
thous. of lb..
Stocks, cold storage, end of monthcf _
do
Cheese:
Imports.
do
Price, wholesale, American Cheddars (Wisconsin)
dol. per lb..
Production, total (factory)!..
thous. of lb..
American whole milk!
do
Stocks, cold storage, end of monthcf
.do
American whole milk
__
do
Condensed and evaporated milk:
Exports: §
Condensed.
_
do
Evaporated
do
Prices, wholesale, U. S. average:
Condensed (sweetened)
dol. per case..
Evaporated (unsweetened)
do....
Production:
Condensed (sweetened):
Bulk goods*
thous. of lb..
Case goods!
do
Evaporated (unsweetened), case goods!
do
Stocks, manufacturers', case goods, end of month:
Condensed (sweetened)
thous. of lb_.
Evaporated (unsweetened)
do
Fluid milk:
Price, dealers', standard grade
dol. per 100 lb..
Production
mil.oflb.
Utilization in manufactured dairy products!._.do
Dried skim milk:
Exports.
thous. of lb...
Price, wholesale, for human consumption, U. S.
average
.dol. per lb.
Production, total!
thous. of lb..
For human consumption!
do
Stocks, manufacturers', end of month, total
do...
For human consumption
do...
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)..
thous. of bu._
Shipments, carlot
no. of carloads..
Stocks, cold storage, end of month
thous. of bu__
Citrus fruits, carlot shipments
no. of carloads..
Frozen fruits, stocks, cold storage, end of month
thous. of lb__
Frozen vegetables, stocks, cold storage, end of month
thous. of lb..
Potatoes, white:
Price, wholesale (N. Y.)
dol. per 100 lb..
Production (crop estimate)!
thous. of bu_.
Shipments, carlot
no. of carloads.
.143
91,375
88, 640
85, 207
83, 566
106, 465
231
195
13, 338
291, 923
2173,469
3.344
H3L672
30,601
.270
125,095
91,140
102,142
' 86,089
r
r
458
••634
17,171
3.894
GRAINS AND GRAIN PRODUCTS
Exports, principal grains, including flour and meal.
thous. of bu_
Barley:
Exports, including malt§
do_._
Prices, wholesale (Minneapolis):
No. 3, straight
.dol. per bu.
1.43
No. 2, malting
do...
1.45
Production (crop estimate)!
-thous. of bu_ 2 230, 278
Receipts, principal markets
do...
4,668
Stocks, commercial, domestic, end of month
do
4,464
11,264
14,479
2
'Revised. & See note marked "tf" on page S-29. * Dec. 1, estimate. July 1 estimate.
JSee note in June 1945 Survey for explanation of this price series. November average excludes sales at old price ceiling in effect through October
S-28
Unless otherwise stated, statistics t h r o u g h 1941
a n d descriptive notes m a y be found in t h e
1942 S u p p l e m e n t t o t h e Survey
SURVEY OF CURRENT BUSINESS
1946
August 1946
1945
Anim*t
August
June
Sep
t e m b "e r
1946
Octo
ber
Decem-
"
March
ber
ber
FOODSTUFFS AND TOBACCO—Continued
GRAINS AND GRAIN PRODUCTS—Continued
Corn:
Exports, including mealc?
thous. of bu._
Grindings, wet process
.
do
10, 636
Prices, wholesale:
1.53
No. 3, yellow (Chicago)
_dol. per bu_.
(0
No. 3, white (Chicago)
do
1.40
Weighted average, 5 markets, all grades.
do
Production (crop estimate)!thous. of bu_. "3,341.646
11,103
Receipts, principal markets
_
..do
Stocks, domestic, end of month:
15,904
Commercial—
-do
515,341
On farmsf
do
Oats:
Exports, including oatmealc?
do
Price, wholesale, No. 3, white (Chicago)_dol. per bu__
(0
Production (crop estimate)!
thous. of bu__ =1,471,026
Receipts, principal markets
-do
5,915
Stocks, domestic, end of month:
3,153
Commercial.
-do
•277, 973
On farmst
do
Rice:
Exportscf-.
pockets (100 lb.)_.
Importscf
_
do
.066
Price, wholesale, head, clean (N. O.)...dol. per lb
Production (crop estimate)!.
.thous. of bu_. « 68,829
California:
Receipts, domestic, rough
...bags (100 lb.)__ 206, 543
283,065
Shipments from mills, milled rice
do
Stocks, rough and cleaned (in terms of cleaned),
end of m o n t h . . .
bags (1001b.)- 262, 672
Southern States (La., Tex., Ark., Tenn.):
22
Receipts, rough, at mills.-.-thous. of bbl. (162 lb.)._
Shipments from mills, milled rice
254
thous. of pockets (100 lb.) —
Stocks, domestic, rough and cleaned (in terms of
591
cleaned), end of mo
thous. of pockets (100 lb.)_
Rye:
2.85
Price, wholesale, No. 2 (Minneapolis)...dol. per bu..
Production (crop estimate)!
thous. of b u . . • 20,897
Receipts, principal markets
do
72
Stocks, commercial, domestic, end of month
do
322
Wheat:
Disappearance, domestic!
_
do
Exports, wheat, including
flourc?
do
Wheat onlyd*
do
Prices, wholesale:
No. 1, Dark Northern Spring (Minneapolis)
1.90
dol. per b u . . .
1.94
No. 2, Red Winter (St. Louis)
_
do
1.86
No. 2, Hard Winter(K. C.)_.
do....
1.90
Weighted av., 6 mkts., all grades
do
Production (crop est.), total!
thous. of bu_. '1,090,092
232,929
Spring wheat
_
do
; 857,163
Winter wheat...
_
do
41,005
Receipts, principal markets
_
...do
Stocks, end of month:
46, 791
Canada (Canadian wheat)
do
3101,463
United States, domestic, total! !
do
3 29, 917
Commercial-.
_do
3 8,504
Country mills and elevators!
do
3 12,838
Merchant mills.
do
3 42, 703
On farms!
.
do
Wheat flour:
Exports c?
do
37, 600
Grfndings of wheatj
_.
do
Prices, wholesale:
6.55
Standard patents (Minneapolis) §
dol. per bbl__
6.49
Winter, straights (Kansas City)§
do
Production (Census):J
Flour
_
thous. of bbl.
Operations, percent of capacity
Offal
thous. of l b . . »510, 000
Stocks held by mills, end of month
thous. of bbl.
918
2,979
9,941
810
9,849
891
6,996
1.18
1.18
1.32
1.13
1.18
0)
0)
1.13
"~31,~832~ "29," 138"
11.208
738. 591
549
0)
""7,"§65~
9,604
3209,400
7,100
168
1.17
"l4,"482"
3,714
273
.62
292
6,841
217
9,446
624
11, 002
1.18
1.18
1.12
1.17
1.32
1.04
(0
0)
304
7,609
1.17
"22," 119"
4,674
3
303,138
4,723
690
.63
469
.68
1.31
.97
2
3,018,410
"28," 931" 31, 671
7,780
11,127
1,931,180
1,055
.80
.77 1,547,663
" 12," 269" "42,"097" "32," 784" ~ 23^028"
16,158
"l8," 308"
28,651
11,127
43,555
48,361
46, 695
45,043 988, 435
1,290,931
0)
1,719
337, 633
0
251, 841
125
.066
109, 441
21, 674
.066
463, 410
410,587
406, 683
323,. 789
250,267
383,717
309,154
252, 667
65, 460
101
86
453
326
324
288
457
189
343
1,421
3,699
5,458
1.55
1.53
1.44
1.51
1.64
1.84
639
4.095
2,173
4,433
2,358
4,732
1,145
4,209
1,301
4,769
282,097
9,809
4,726
12,170
7,450
15,634
11,114
373, 657
26, 450
22,184
32, 585
26,912
32, 699
23,637
1.72
1.76
1.68
1.70
1.72
1.67
1.58
1.62
1.71
1.68
1.60
1.64
1.69
1.71
1.62
1.65
1.73
1.78
1.68
1.70
58, 325
100,199
88, 625
239,037 206,960
280.882
3
67,185 132,278
3 42,129
3 58,463
3
89, 405
171,740
234, 917
24
.066
269
«• 7,791
1.17
0)
.92
"31," 962"
16, 493
3,021
417
565
' 5, 759 r 11,385
0)
0)
.94
33,196
(0
(0
.99
"167581"
23. 608
1,071,990
5,527
2,010
.81
152
' 9, 322
0)
1.26
1.11
16,153
19,511
2,835
0)
21, 762
13,104
16, 473
11,045
38, 775
28,921
23,890
401, 325
14, 234
845, 680
22,009
.066
856, 526
r 13, 238
.066
2 70,160
941,488
8,807
.066
815,915
7
920,815
'7,817
.066
698, 915
3,166
.066
89,180 1,028,143 1,023,332
65,446 341,989 593,6S3
610,109
468,991
493, 561
361, 417
412,082
357,147
394, 471
224,996
363, 534
239,981
55, 544
358, 408
330, 078
241, 973
272, 359
264, 032
510
314
240
109
1,678
1,506
1,092
681
3,759
2,577
1,768
1,189
1.98
2.13
2.36
2.70
3,868
404
3,340
476
3,113
317
1, 016
38,196
27, 733
31, 764
18,476
351, 200
29, 551
21, 485
23,471
13,125
2,249
1,275
449, 436
0
.066
363,538
4,220
2,088
428,849
4,211
2.645
1.73
0)
1.69
1.70
1,069
1,899
4,774
1.75
2 26, 354
896
4,544
'340,519
31,871
24,057
1.73
0)
1.69
1.71
21,123,143
2
299,966
823,177
42,048
29,185
62,138
54,857
181, 292
1,030,363
167, 539 170,305
181,390
128,261
528, 218
202,718
175, 257
147,301
121,712
1.74
(0
1.69
1.72
1.75
0)
1.69
1.72
1.77
(0
1.72
1.75
1.77
0)
1.72
1.76
26,938
21,457
31,111
16, 472
152,823
689,844
102,130
108, 839
95, 276
368,820
141, 796
122, 374
81,080
"72," 262"
'"5O,"6n'
102, 441
336,738
34, 317
35, 570
55,899
203, 991
1,081
53,435
1,004
52,281
962
54, 460
51,885
1,207
57, 752
1,928
52,403
1,663
52,974
2,226
59, 591
2,827
59, 361
1,716
44,975
2,201
42, 745
6.55
6.39
6.55
6.22
6.55
6.22
6.55
6.31
6.55
6.42
6.55
6.36
6.55
6.44
6.55
6.46
6.55
6.46
6.55
6.55
6.49
11,658
76.1
942,823
3,068
11,350
77.2
924,648
11,839
74.5
957, 241
11,333
12, 656
80.0
79.5
906,106 1,003,713
2,634
11,473
77.8
914,928
13,016
13,064
11, 598
10, 680
91.3
78.5
85.3
69.4
925,109 1,038,080 1,032,900 622,980
3,399
2,385
10,142
65.8
584,280
LIVESTOCK
LivestocK slaughter (Federally inspected):
Calves
thous. of animals..
294
609
486
783
666
427
482
877
548
445
440
484
Cattle
do1,292
451
1,060
1,358
1,408
1 015
1,050
1,584
1,118
715
1,012
904
Hogs
do.
2,206
2,316
3,382
1,922
4,350
4,698
2,752
2,330
5,537
4,911
3,858
3,636
Sheep and lambs
_
do.
1.563
1.658
1,678
1,906
1,772
2,196
1,742
2.018
1,806
1,440
1,978
1,736
Cattle and calves:
Receipts, principal markets
do
1,725
2,015
2,585
2,791
3,024
2,207
3,816
2, 073
1,960
1,961
2,145
1,920
Shipments, feeder, to 8 corn belt States!
do...
141
339
203
104
••117
404
109
97
91
187
Prices, wholesale:
Beef steers (Chicago)
dol. per 1001b_.
16.62
17.30
16.58
16. 42
16.14
16.64
16.86
16.49
16.56
16.91
16. 59
16.26
Steers, stocker and feeder (K. C.)
do
15.72
12.25
13.73
13.08
13.54
12.62
14.71
13.19
13.41
13.56
15.86
15.22
Calves, vealers (Chicago)
do
15.88
15.69
14.44
15.34
15. 38
14.48
14.63
14.63
14.81
14.69
15.75
15.66
Revised.
v Preliminary.
2
i8 No quotation.
Dec. 1, estimate.
« July ], estimate.
Includes old crop only; new corn not reported in stock figures until crop year begins in October and new oats and wheat until crop year begins in July.
cf Data continue series published in the 1942 Supplement which were suspended during the war period; data for October 1941-February 1945 will be published later.
% Data relate to regular flour only; in addition data for granular flour were reported for January 1943 to February 1946 and are given in notes in the May 1946 and previous issues
of the Survey; data were not collected after February 1946.
§ Prices since May 1943 have been quoted for sacks of 100 pounds and have been converted to price per barrel to have figures comparable with earlier data.
1 The total includes wheat owned by the Commodity Credit Corporation stored off farms in its own steel and wooden bins not included in the breakdown of stocks.
! Revised series. The indicated grain series have been revised as follows: Crop estimate for oats, 1932-41, and rice, 1937-41; other crop estimates, 1929-41; domestic disappearance
of whoat and stocks of wheat in country mills and elevators, 1934-41; corn, oat and wheat stocks on farms and total United States stocks of domestic wheat, 1926-41; see note marked
" ! " on p. S-26 of the April 1946 Survey for sources of revisions for 1941; all revisions are available on request. The series for feeder shipments of cattle and calves was revised in the
August 1943 Survey to include data for Illinois: see p. S-26 of that issue for revised data for 1941-42.
August 1946
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1946
June
S-29
1945
June
July
August September
1946
October
Novem- December
ber
January
February
March
April
May
FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK—Continued
Hogs:
Receipts, principal markets
thous. of animals.
Prices:
Wholesale, average, all grades (Chicago)
dol. per 1001b.
Hog-corn ratiof-.bu. of corn per 100 lb. of live hogs.
Sheep and lambs:
Receipts, principal markets
thous. of animals.
Shipments, feeder, to 8 corn belt Statesf
do__.
Price, wholesale:
Lambs, average (Chicago)
do!, per 1001b.
Lambs, feeder, good and choice (Omaha)
do.._
1,352
1,967
1,610
1,292
1,191
1,469
2,935
3,459
3,344
2,952
2,211
2,472
2,431
14.77
10.1
14.69
12.7
14. 54
12.5
14.51
12.4
14.54
12.6
14. 75
12.5
14.67
12.8
14.66
13.0
14.72
12.8
14.77
12.8
14.80
12.5
14.81
12.2
14.81
10.6
2,517
2,419
52
2,165
100
2,270
354
2,811
932
3,640
1,072
2,270
315
2,100
129
1,663
102
2,481
154
1,753
90
1,984
67
1,610
56
16.75
15.29
15.55
C)
C)
13.81
14. 53
13.26
14.51
14.02
14.66
14.00
14.76
13.89
14. 33
14.30
14.46
14.70
15.50
15.23
15.38
15.51
15. 30
16.00
C)
1, 265
60
1,401
767
27
48
1,198
96
1,293
790
27
53
1,320
62
1,281
696
27
54
1,356
40
1,252
559
24
47
1,509
19
1,442
491
27
44
1,498
125
1,688
556
31
37
1,426
202
1,739
687
41
39
1,368
325
1,581
772
47
38
1,478
173
1,595
791
49
44
()
191
1,296
750
49
46
()
136
1,226
'691
44
44
()
200
1,224
r
619
38
'36
569, 208
369
608, 407
356
727,399
1,173
810,409
1,561
901, 389 746, 489 521, 900 466, 896 543, 843
1,903
15, 221 69,602 90, 526 50, 214
()
94, 545
()
30,945
44, 577
.203
275, 752
73,517
.200
617,147
275,154
.200
601, 405
270,834
.200
707,488
250,886
.200
754, 398
208,926
.200
.200
.200
869, 459 750, 723 599,635
187,807 177,033 186,365
()
65,149
9,745
72, 656
76,918
18,121
75, 611
72, 335
14,842
71, 547
66,684
9,918
71, 896
71,179
9,177
456, 591
623,138
706,956
514, 384
619,372
521,062
506,858
473,889
426,044
MEATS
Total meats (including lard):
Consumption, apparent
...mil. oi Ib.
Exports§.__
do...
Production (inspected slaughter)
do...
Stocks, cold storage, end of month©c?_ _
_ do _
Edible offal©
do...
Miscellaneous meats and meat products©
do...
Beef and veal:
Consumption, apparent
thous. of lb.
Exports§
do...
Price, wholesale, beef, fresh, native steers (Chicago)
dol. per lb.
Production (inspected slaughter)
thous. of lb_
Stocks, cold storage, end of month©c?
do...
Lamb and mutton:
Consumption, apparent
.do...
Production (inspected slaughter).. 1
do
Stocks, cold storage, end of month©^
do...
Pork (including lard):
Consumption, apparent
.do...
Production (inspected slaughter)
do
Pork:
Exportsf
do...
Prices, wholesale:
Hams, smoked (Chicago)
dol. per lb.
Fresh loins, 8-10 lb. average (New York)
do-._
Production (inspected slaughter).
.thous. of lb.
Stocks, cold storage, end of month©cf
do...
Lard:
Consumption, apparent
do
Exports§
..do...
Price, wholesale, refined (Chicago)
dol. per Ib_
Production (inspected slaughter)
thous. of lb.
Stocks, cold storage, end of monthcf
do...
797
505
31
31
82,413
86, 423
13, 066
74, 598
76,951
15,394
74,060
80,491
17,406
.200
.200
557, 516 569,746
187,392 164,871
62,124
66,010
19,189
525, 288 676,895 829,991 839,051
485,849 859, 844 1,058,969 957,453
1, 585
102, 496
100,934
16, 533
.203
.203
.202
526,166 431,517 409,953
162, 098 140,157 '105,905
()
89, 629
15, 513
()
75, 865
12,171
()
57,167
10,863
831, 492
(0
()
()
924,170 680, 480 718, 345 757, 222
27, 321
47, 991
13,903
11,476
3,353
1,312
.265
.266
360, 342
325,016
.258
.259
545,395
333,019
.258
.259
474,830
344,812
.258
.259
387,806
285, 216
.258
.259
332, 064
211,004
.148
69,837
35,404
80,348
35,953
.146
117, 861
65,899
50,918
40,836
.146
105,140
79, 285
71, 837
24,965
.146
86,506
45,612
32,647
.146
68, 268
58,998
66, 397 95, 465 134, 462 127,002
10,662 27,350 22,862 25,063
.146
.146
.146
.146
68,975 131, 250 180,801 152,728
50,914 59,349 82,826 83,489
102,417
47,975
.146
157,087
90,184
()
()
()
42,323
55, 435 64,861
.148
.147
.148
106, 538 105, 369 109, 563
80,438 71,153 ' 45, 539
.260
20, 245
97, 211
.251
27, 688
103,203
.251
38, 041
114,192
.239
56, 772
157,077
.228
.243
.232
.255
94, 226 99, 208 89, 018 47,157
238,936 320, 745 355,914 363,954
.253
31,034
356,730
.272
.268
31, 348 37, 278
320,027 256,822
.274
34, 765
209,944
9,177
.351
5,304
8, 031
.356
4,593
7,858
.378
3,940
2,674
.346
3,397
544
.401
3,118
20,924
.333
6,721
17, 556
.336
6,216
6,120
255, 936
5,926
248,675
4,771
218, 010
3,724
203, 209
1,666
182,322
6,245
3,771
149, 710 200,176
' 8,683
245,287
POULTRY AND EGGS
Poultry:
.269
Price, wholesale, live fowls (Chicago)
dol. per lb._
Receipts, 5 markets
thous. of lb._ 32,865
174, 377
Stocks, cold storage, end of monthef .
do
Eggs:
15, 761
Dried, production*
do
.332
Price, wholesale, fresh firsts (Chicago) J_. dol. per doz_.
5,012
Production
millions..
Stocks, cold storage, end of month:cT
9,761
Shell
_
thous. of cases..
Frozen
..thous. of lb-. 267,300
11,190
12,721
16, 559
8,222
20, 718
.265
.268
.258
.264
.258
.258
.258
.258
.266
.266
.259
.264
.259
.259
.259
.259
390, 754 679, 582 810,106 747, 282 708, 566 533,909 573,027 606,017
168,028 235,894 320, 571 396, 740 426, 545 396, 753 379, 373 382,742
183
.429
3,400
264
356
4,214
7,449
.331
4,954
314
113
155, 934 129,424
272
111,721
1,578
117,903
159
.437
2,936
18, 335
.332
6,696
MISCELLANEOUS FOOD PRODUCTS
Candy, sales by manufacturers
-thous. of dol.. 30,467
24,164
39, 254 38, 409 34, 622
29, 722
43, 504 40,459
30, 979
35, 369
36,818 42,709
38,865
Cocoa, imports§
.long tons..
32, 574
22, 690
22, 699 14,333 14, 249
22,873
30,162 37, 361 42,688 29,397
18, 448
Coffee:
1,312
1,829
1,577
1,145
Clearances from Brazil, total
thous. of bags.
1,644
1,181
1,477
1,618
1,387
1,643
866
1,286
1,030
1,510
1,189
1,380
To United States
do
1,244
748
1,233
1,161
1,174
715
837
973
718
567
1,786
1,824
Imports§. _
do
1,868
1,537
1,844
998
1,804
2,530
1,803
2,093
1,478
1,353
.134
.134
134
.134
Price, wholesale, Santos, No. 4 (N. Y.).-_dol. per lb._
.134
.134
.134
.134
.134
.134
.134
.134
.134
1,964
2,105
2,319
2,352
1,338
2,558
1,928
1,976
Visible supply, United States..
thous. of bags
2,044
2,143
2,396
2,276
2,251
Fish:
Landings, fresh fish, 4 ports
thous. of lb_.
61,113
54, 254
69,323
43,356 33, 247 21,640 10, 821 12. 455 ' 24,151 25, 257
Stocks, cold storage, end of month
do
84, 265 75, 318 84, 725
""97,"806"
80, 523 108,999 127,055 138,434 148, 286 140, 208 115, 398 90, 051
58,438
Sugar:
Cuban stocks, raw, end of months
2,551
2,902
thous. of Span. tons..
2,036
'1,795
1,516
2,702
205
299
795
296
1,111
United States, deliveries and supply (raw value):*
Deliveries, total
short tons.. 572,986 576,638 514, 500 540,129 490, 761 471, 266 420, 708 354,447 516, 244 285,341 476,316 556,466 524, 662
505,435 558, 870 492, 561 513,695 471,466 468, 755 411,491 347,402 514, 724 276, 715 425, 742 500, 608 451, 994
For domestic consumption...
do
67, 551
For export
do
21, 939
19,295
26,434
2, 513
7,045
8,626
9,217
17,768
50, 574 55, 858 72,668
1,520
Production, domestic, and receipts:
478,387 417,489 441,594 464,037 412,128 270,089 210, 392 196,476 182,937 263,345 465,834 433,190 501, 777
Entries from off-shore areas
do
8,345
Production, domestic cane and beet
do
8,644
56,654 420,480 644,161 414,465 98,526
9,549
16,161
24, 771 19, 305 18, 254
Stocks, raw and refined
_
do
i
684,054 604,140 542, 231 513,294 728, 489 [,167,026 ,418,532 1,794,764 1,174,614 1,184,341 1,080,908 1,065,183
' Revised. 1 For data for December 1941-July 1942, see note in November 1943 Survey.
X Compiled by the U. S. Department of Labor; see note in April 1944 Survey.
• No quotation.
* Temporarily discontinued; data under revision.
cf Cold storage stocks of dairy products, meats, poultry and eggs include stocks owned by the D. P. M. A., P. M. A., and other Government agencies, stocks held for the Armed
Forces stored in warehouse space not owned or operated by them, and commercial stocks; stocks held in space owned or leased by the Armed Forces are not included.
§ Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
© Data for edible offal are comparable with figures beginning June 1944 shown as "miscellaneous meats" through the April 1946 Survey (see note in that issue). "Miscellaneous
meats and meat products" shown above include sausage and sausage room products and canned meats and meat products which were not reported prior to June 1944. Stocks shown
under beef and veal are combined figures for beef and veal; the latter also has been reported only beginning June 1944. Data for June 1944 to February 1946 for veal and for the items
now shown as miscellaneous meats and meat products are given in notes in the August 1944 to April 1946 issues of the Survey. Stocks for the several meats include trimmings which
were included as "miscellaneous meats" prior to June 1944.
* New series. Data for 1927-43 for dried eggs are shown on p. 20 of the March 1945 Survey. The new sugar series include raw and refined in terms of raw (see also note in the
April 1945 Survey).
t Revised series. The hog-corn ratio has been shown on a revised basis beginning in the March 1943 Survey; revisions beginning 1913 will be shown later. The series for feeder
shipments of sheep and lambs has been revised beginning 1941 to include data for Illinois; revisions are shown on p. S-27, of the August 1943 Survey.
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1946
1945
June
September
, June
1 July
August
August 1946
1946
October
Novem- December
ber
January
February
March
April
May
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODLJCTS—Con.
Sugar, United States—Continued.
Exports, refined sugar §
. . .
Imports: §
Raw sugar, total
_ .
From Cuba
Refined sugar, total
From Cuba
Receipts from Hawaii and Puerto Rico:
Raw
Refined
Price, refined, granulated, New York:
Retail
Wholesale
Tea, imports §
short tons...
do
do
do
do
.
do
do
dol. per lb
do . .
thous. of lb
I 074
.059
TOBACCO
Leaf:
Exports, incl. scrap and stems §
thous. of lb
Imports, incl. scrap and stems §. _ _ ._ . _
do
Production (crop estimate)
mil. of lb
3 2,126
Stocks, dealers and manufacturers, total
end of quarter
' mil. of lb
Domestic:
Cigar leaf
do
Fire-cured and dark air-cured
do
Flue-cured and light air-cured
do
Miscellaneous domestic
do
Foreign grown:
Cigar leaf
do
Cisrarotte tobacco
do
Manufactured products:
Consumption (tax-paid withdrawals): ^
_ _ millions
Small cigarettes
. . .
26, 360
Large cigars
-thousands _ 452.180
Manufactured tobacco and snuff
.thous. oflb-- 21,084
Exports, cigarettes §__
. .__ .
thousands_Price, wholesale (list price, composite):
Cigarettes, f. o. b., destination .
dol. per 1,000.
6. 255
Production, manufactured tobacco, total. .thous. of lb-.
Fine-cut chewing
do.._Plug .
do
do . .
Scrap, chewing
.
_
do
Smoking.
do . .
Snuff
.
Twist
15,344
15, 531
16,991
9,690
5,406
3,484
18,972
'4,304
7,003
33, 945
58, 321
59, 716
195, 571
191,665
28, 359
28,125
138,085
130, 864
37, 210
37. 210
221, 391
217, 706
61, 858
61,858
266,947
256, 230
5,093
5,093
98, 396
77, 882
34, 920
28, 372
76,871
76,871
10, 979
10,856
68,374
68, 374
4,387
4,243
172,125
172,125
10, 324
10, 324
191, 214
191, 214
195
0
310, 519
310,519
33,816
33, 656
155, 409
155 408
38, 785
38 735
240,190
230 471
38,061
38, 061
183,173
19,300
188, 354
21, 960
171, 321
12,629
166, 705
8,198
144, 804
265
115, 226
0
91, 076
0
20, 687
0
38, 774
0
.064
.054
1,476
.064
.054
3,304
.065
.054
6, 834
.064
.054
8, 987
.064
.054
9,015
.064
.054
9,881
.064
.054
3,686
i .067
.054
14,975
i .068
.056
12, 569
'.073
.059
6,139
!.074
.059
6, 580
1.073
.059
3,077
32, 708
5,101
44,423
4,312
37, 203
5,849
33, 832
4,996
39, 788
6,112
26, 504
4,892
27, 226
3,119
2 2, 042
47,335
22, 371
43,902
4,043
52, 230
5,129
60, 401
4,727
62, 293
5,633
»58, 722 H12 975 6104,147
*10,416 *>23, 654 fc17, 681
2,766
2,928
3,275
3,342
372
236
2,051
2
338
192
2,294
2
324
175
2,668
3
377
223
2,627
2
26
78
27
75
31
75
28
85
311
023
266
973
21,815
350,756
24, 482
372, 713
28, 478
420,922
28,905
405, 535
26,360
420, 623
27, 553
582, 295
6.006
28, 529
333
5,060
4, 311
14, 820
3,400
605
6.006
26, 276
301
5,019
4,094
13,185
3,153
523
6.006
30, 049
360
5,720
4,271
15, 401
3,674
623
6.006
27, 730
338
5,198
3,516
14, 670
3, 462
547
24,
403,
26,
355,
25, 4.52
29, 972
25, 226
25, 406
23, 637
16, 061
26, 401
31,340
512,727 468,404 364, 671 468, 592 455,024 480,479 484, 318 497, 297
21, 223
20, 023
31,150
15,453
20, 806
18, 519
27,090
17, 776
879, 853 1,106,903 1,002,748 2,660,699 1,048,525 1,448,618 1,996,922 4,443,744
6. 006
31, 096
374
5,607
3, 625
16, 849
4,009
634
6.006
26, 608
392
4,703
2,957
14,616
3,427
513
6.006
16,655
279
3,066
3,069
6,954
2,953
335
6.006
20, 521
331
4,106
3,976
7,979
3,706
423
6,006
18, 065
262
4,317
3.948
5,944
3,128
466
6.006
19, 067
282
4,373
4,099
6,386
3,419
508
6. 056
19, 750
290
4.172
3,647
7, 80S
3,333
49^
C. 255
11, 301
164
29
1,656
1,912
' 16,084
39
52
3,137
2,883
10, 870
20
2,297
1,968
15, 331
3
68
2,332
2,818
17,340
0
50
1,571
4,684
15, 785
1
80
1,168
3,609
.155
.218
.155
.218
.155
218
.155
.218
.155
.218
.155
.218
LEATHER AND PRODUCTS
HIDES AND SKINS
Livestock slaughter (see p. S-28).
Imports, total hides and skins §
thous. of lb
Calf and kip skins
thous of pieces
Cattle hides..
.
do
Goatskins
do
Sheep and lamb skins
do
Prices, wholesale (Chicago):
Hides, packers', heavy, native steers
dol. per lb-_
Calfskins, packers', 8 to 15 lb
. ._ do ._
.155
.218
13,149
79
52
2,148
2,491
18,410
55
92
1,825
3,340
15, 522
26
25
1,010
3,677
14, 516
15
12
1,973
3, 333
14,073
24
1,574
3,349
15, 736
49
49
2,201
2,774
.155
.218
.155
.218
.155
.218
.155
.218
.155
,218
.155
.218
(°)
LEATHER
Exports:!
Sole leather:
1,818
3,113
3,062
2,335
154
721
3
157
79
247
336
412
Bends, backs and sides
thous. of lb
296
593
92
91
1,194
573
163
0
»• 1, 322
123
275
Offal, including belting offal
do
176
4,430
2,853
3,324
4,072
1,324
2,741
2,864
6,705
3,206
2,036
2,581
1,992
Upper teather
do
Production:
821
1,032
1,031
907
942
946
937
898
1,070
950
858
1,083
Calf and kip
thous. of skins
2,502
2,544
2,500
2,479
2,338
1, 985
2,132
2,320
2,237
2,337
2, 353
2,150
Cattle hide
.
thous. of hides
1,780
1,659
1,997
2,143
2,190
2,027
1,773
1,780
1,676
1,742
2,015
1,745
1,537
Goat and kid
thous. of skins
4,418
4,288
4,256
3,986
3,944
4,132
4,784
4,639
3,949
3,794
4,507
4,172
Sheep and lamb.__
.
do . .
Prices, wholesale:
.440
.440
.440
.440
.440
.440
.440
.440
.440
.440
.440
.440
.462
Sole, oak, bends (Boston) f
dol. per lb
.529
.533
.533
.533
.533
.529
.529
.529
.533
.529
.529
.529
Chrome, calf, B grade, black, composite-dol. per sq. ft..
.536
Stocks of cattle hides and leather, end of month:
13,177
13, 622
12,084
12, 577
13, 047
13,037
13,593 ' 13,094
10,998
12, 245
11,951
11,729
Total
thous. of equiv. hides .
7,473
7,849
8,433
8,202
' 8,076
7,673
6,965
7,072
7,223
7,346
6,965
6,761
Leather, in process and
finished
do
5,391
4,411
5,354
4,03£
5,564
5,328
5,189
5,018
5,173
5,701
4,968
4,986
Hides, raw
do .
LEATHER MANUFACTURES
2,218
2,432
2,414
2,071
1,893
2,266
2,228
- 2, 330
2,476
2,187
1,904
2,351
Gloves and mittens, production, total*.thous. doz. pairs.
688
795
632
794
'774
734
656
650
775
648
545
705
Dress and semi-dress, total
_
_do
154
M69
185
185
171
144
151
152
155
173
122
151
Leather
do
20
23
»• 23
24
18
26
20
29
33
59
82
40
Leather and fabric combination
do 488
513
586
••581
587
469
537
468
568
453
364
472
Fabric
do __
1,531
1,261
1, 572
1,530
1,638
1, 557
1,619
1,422
1,701
1,538
1,359
1,646
Work, total
do
169
176
182
167
177
175
155
198
175
206
177
226
Leather
do
220
225
'214
212
231
242
212
186
208
227
188
231
Leather and fabric combination
do
1,160
1,240
921
1,164
1,141
1,237
1,039
1,261
1,144
1,105
995
1,189
Fabric
_
do r Revised. "Less than 500 pieces. 6 Data for Puerto Rico; data for Hawaii not yet available.
'Data reflect a change in the sample of reporting stores and in the method of summarizing reports; January 1946 figure comparable with earlier data is $0,064.
2
Dec. 1 estimate.
3 j u i y i estimate.
.
^Tax-paid withdrawals include requirements for consumption in the United States for both civilians and military services; withdrawals for export and for consumption outside
the United States are tax-free.
§Data continue series published in the 1942 Supplement but suspended during the war period (it should be noted that data for sugar are shown in long tons in that volume);
data for October 1941-February 1945 will be published later.
tRevised series. The price for sole oak leather is shown on a revised basis beginning in the October 1942 Survey; revisions beginning July 1933 are available on request.
*New series. Data on gloves and mittens are from the Bureau of the Census and cover all known manufacturers; data for January 1943-March 1945 for leather and combination
leather and fabric, and for May 1944-March 1945 for fabric gloves and mittens will be published later. The series for leather gloves are not comparable with similar data shown in
the 1942 Supplement which cover only around 85 percent of the total.
SURVEY OF CURRENT BUSINESS
August 1946
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1946
1945
June
September
June
July
August
S-31
1946
October
Novem- December
ber
January
February
March
April
May
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES—Continued
Boots and shoes:
Exports §
thous. of pairs..
Production, total
do
Government shoes
do
Civilian shoes, total
do
Athletic
do
Dress and work shoes, incl. sandals and playshoes:
Leather uppers, total
thous. of pairs..
Boys' and youths'
do
Infant s'
do
Misses' and children's
do
Men's
do
Women's
do
Part leather and nonleather uppers
do
Slippers and moccasins for housewear
do
All other footwear
do
1,100
44,216
5,430
38, 785
283
860
36,481
4,643
31, 838
243
1,149
41,838
4,440
37, 398
273
37,257
1,423
35,843
355
527
42, 237
1,047
41,190
466
995
40,049
805
39, 243
452
4,192
1,326
744
34,649 * 41, 246 43, 701
464
632
471
34,017 40, 479 43, 237
410
537
635
1,095
47,955
427
47, 528
676
49,087
273
48, 814
1,663
49,331
227
47,159
714
19,917
985
2,387
3,681
4,194
8,670
13, 066
5,264
255
17, 339
998
2,042
3,062
3,835
7,401
9,376
4,685
196
19,828
1,071
2,326
3,454
4,662
8,315
10, 672
6,373
216
21,429
1,206
2,234
3,274
5,767
8,948
7,745
6,130
176
28,891
1,579
2,733
3,909
7,709
12, 961
3,613
8,056
165
28, 593
1,593
2,735
3,760
7,547
12, 958
2,608
7,433
157
26,371
1,421
2,346
3,352
6,945
12, 308
2,632
4,497
106
31,012
1,492
2,855
3,913
7,815
14,937
4,007
4,782
140
33,091
1,777
3,068
4,421
8,508
15,317
4,622
4,757
133
35,483
1,807
3,248
4,904
8,954
16, 571
5,671
5,487
211
36, 527
1,872
3,326
5,033
9,383
16,913
5,772
5,628
222
36,549
1,878
3,234
5,047
9, 588
16,801
5,550
6,002
350
LUMBER AND MANUFACTURES
LUMBER—ALL TYPES
Exports, total saw mill products §
M bd. ft.___
Sawed timber §
do
Boards planks scantlings etc §
do
Imports, total sawmill products §
do
National Lumber Manufacturers Association:!
Production, total
mil. bd. ft
Hardwoods .
do .
Softwoods
do
Shipments, total
do
Hardwoods
..
do. _
Softwoods
do
Stocks, gross, end of month, total
do
Hardwoods
_
___do_ _
Softwoods
do
24,148
1,665
20,184
91,597
38,196
5,930
29,094
89,128
44,280
6,795
34, 765
100, 707
41,446
7,507
31,095
91,293
43,5S0
2,772
38,922
109,730
39, 429
2,874
33,803
98,964
49,257
3,312
44,012
95,432
64,795
6,405
56,089
80, 528
52, 574
11,708
39,194
79, 434
71,094
21,006
48,091
95, 354
63, 573
21, 278
40,048
97,136
52,053
21,099
30,954
90, 263
2,689
659
2,030
2 542
622
1,919
3, 614
604
2,711
2,707
583
2,124
2,637
606
2,031
3,648
838
2,810
2,341
560
1,781
2,316
547
1,769
3,653
837
2,816
2,574
634
1,940
2,494
579
1,915
3,705
885
2,820
2,191
612
1,579
2,148
516
1,632
3,741
958
2,783
2,089
673
1,416
1,991
595
1,396
3,792
1,018
2,774
1,891
615
1,276
1,819
581
1,238
3,845
1,040
2,805
1,638
443
1,195
1,688
472
1,216
3,816
1,022
2,794
1,840
516
1,324
2,081
604
1,477
3,555
906
2,649
1,887
498
1,389
1,911
479
1,432
3, 482
877
2,605
2,279
640
1,639
2,307
582
1,725
3, 397
886
2,511
2,538
681
1,857
2,517
674
1,843
3,421
873
2, 548
2,668
699
1,969
2,621
691
1,930
3,481
875
2,606
2,750
6,250
2,550
2,700
2,425
2,775
7,200
3,325
2,975
2,775
2,900
7,200
2,925
2,600
3,050
2,975
6,525
2,925
3,575
2,375
2,900
6,500
2,875
2,950
2,375
3,600
7,150
3,325
2,975
2,600
2, 275
7,300
2, 525
1,950
3,125
1,150
7,050
2,425
1,200
4,350
2,875
6,700
3,050
3,075
4,250
2,625
6,725
2,850
2, 675
4,300
3,025
6,875
3,100
2,725
4, 650
4,325
6,550
3,100
4,350
3,200
3,700
6,175
2,950
3,875
2,475
15, 426
31,158
17, 239
17, 639
5,162
11, 566
37, 578
15,688
15,477
2,475
10,047
33,494
14,034
14,129
2.380
12, 595
30,858
15, 500
15, 231
2,463
14,608
33,992
15,049
15,130
2,804
23, 506
38,797
19,197
18,494
3,507
18,343
39,097
18,970
17,364
5,113
12, 201
37,962
16,004
13,336
7,781
15,632
42,120
18, 523
11,474
14,830
17, 329
37, 694
17, 453
22, 892
9,391
15,971
35, 529
18, 958
18,136
9,661
16, 817
34, 280
18,757
20, 996
7,425
19,434
33, 371
20,119
20, 982
7,270
FLOORING
Maple, beech, and birch:
Orders, new___
_..M bd. ft_.
Orders, unfilled, end of month
.
do
Production
_
. . „_. _ do
Shipments
do
Stocks, end of month
. _. __
do
Oak:
Orders, new.
do
Orders, unfilled, end of month
do
Production
„___
_ do
Shipments
do
Stocks, end of month
_
_ _ _ _ do
SOFTWOODS
Douglas fir:
30,895
40,197
31, 375
42, 207
14, 565
26,038
41,528
14,278
11,313
7,687
18,807
21,545
Exports, total sawmill products §
M bd. ft_.
15,996
17,076
13,225
8,242
4,968
1,127
3,820
5,829
1,254
Rawed timber § .
do
1,175
5,775
554
23,133
28, 982
23,121
14, 899
24,911
9,597
37, 708
6,512
8,503
12,978
20,291
10,759
Boards, planks, scantlings, etc.§
do
Prices, wholesale:
Dimension, No. 1, common, 2 x 4—16
38. 220
38. 220
34. 790
37. 362
34. 760
34. 760
34. 790
34. 790
34.790
34. 790
34.790
34. 790
dol.perM bd.ft.. 41. 528
53. 900
53.900
44.100
44.100
44.100
44.100
44.100
44.100
Flooring, B and better, F. G., 1 x 4, R. L
do
58.310
44.100
44.100
44.100
51.450
Southern pine:
11,178
11,973
13,816
9,093
9,076
Exports, total sawmill products §
M bd. ft
7,684
7,202
5,798
3,912
7,326
6,950
6,355
4,534
3,506
5,743
1,904
3,228
Sawed timber §
do
649
1,391
1,241
344
1,853
2,268
745
5, 865
8.073
8,467
6,644
3,894
6,205
5,349
6,808
6,677
6,293
5,114
3,568
Boards, planks, scantlings, etc §
do
672
655
664
555
532
577
472
626
565
633
613
607
Orders, new f
mil. bd. ft__
550
731
746
698
696
646
695
676
653
650
701
Orders, unfilled, end of month f
do
738
850
808
Prices, wholesale, composite:
Boards, No. 2 common, 1" x 6" or 8" x 12't
46.029
46.029
43.4C5
46.029
42. 782
41.144
41. 428
42. 018
42. 018
42. 018
42. 018
42. 837
dol.per M bd.ft-- 46.029
Flooring, B and better, F. G., 1" x 4" x 12—14' t
65.091
65.091
65.091
61.131
59.811
56.494
56. 371
56. 371
56. 494
60. 056
56. 371
56. 371
dol. per M bd. ft__ 65.091
635
673
629
512
614
472
631
660
629
600
Production! ___
__
mil. bd.ft
554
682
555
553
624
662
657
576
645
476
659
655
596
553
610
630
Shipments! .
do
1,082
1,
060
1,071
1,
066
1,129
1,065
1,154
1,087
1,113
1,128
1,086
1,133
1,081
Stocks, end of monthf__.
do
Western pine:
515
445
480
299
293
514
307
240
412
422
276
543
548
Orders, new!
_.do
293
280
294
417
305
302
421
440
351
360
298
299
Orders, unfilled, end of monthf.. -do
298
Price, wholesale, Ponderosa, boards, No. 3 common,
40.65
39.15
35.77
36.16
36.07
35 99
34.84
34.75
34.88
36.46
35.78
40.07
35.30
1" x 8"
dol. per M bd. ft..
584
457
296
206
206
234
341
279
548
651
418
600
570
Production!
. .
mil. bd. ft
373
461
529
248
297
290
332
517
542
510
412
310
581
Shipments!
do
765
684
710
824
761
908
949
965
935
971
835
877
980
Stocks, end of month!
.do
West coast woods:
543
518
527
423
455
377
414
557
Orders new!
_
_
do _
288
261
597
476
431
632
601
683
636
738
672
694
723
703
685
964
559
951
Orders, unfilled, end of month
do
532
532
449
233
450
368
Production! „
do
509
406
261
527
392
517
688
532
526
556
441
357
413
460
394
531
217
Shipments!
. _
do .
578
253
511
362
368
375
392
398
375
385
400
378
409
370
393
Stocks, end of month
do...
379
r
Revised
* Only the total has been revised; revisions are not yet available for the detail.
§Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
jSee note for boots and shoes at the bottom of p. S-23 of the July 1945 Survey regarding changes in several classifications and note marked "%" on p. 28 of that issue regarding
other revisions; data beginning January 1945, except the detail for January 1946, have been revised to include late reports; 1945 revisions not shown above and also revisions for Jan*
uary-May 1943 and 1945 and January-April 1944, which have not been published and will be shown later.
! Revised series. The following lumber series have been recently revised to adjust the monthly figures to 1944 totals for production compiled by the Bureau of the Census:
Data beginning January 1944 for 'production, shipments, and stocks Ifor total lumber, total hardwoods, and total softwoods and production shipments, and new orders for
Southern pine and western pine and 1944 data for production, shipments, and stocks of West Coast woods (1945 data for West Coast woods are subject to further revisions).
Earlier lumber data were previously adjusted to 1941-43 Census data and revisions have been published only in part (see note in April 1946 Survey). All unpublished revisions through
February 1945 will be shown later. The Southern pine price series are shown on a revised basis beginning in the February 1946 Survey; each represents a composite of 9 individual
series; the specifications given above apply to data collected beginning February 1945; earlier data were computed by linking slightly different series to the current data.
SUEVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through 1941
and descriptive notes may he found in the
1942 Supplement to the Survey
1946
June
August 1946
1946
1945
June
July
August
t e ^b' e r
°b'r°'
Novem- December
January
February
March
April 1 May
LUMBER AND MANUFACTURES—Continued
SOFTWOODS—-Continued
Redwood, California: \
Orders, new
Orders, unfilled, end of month
Production
Shipments
Stocks, end of month
M bd. ft.
do
-do...
...do...
do___
3,701
36, 653 38,071
97, 706 100,342 107, 552
4,033
30,695
35,108
3, 765 34,436
30,843
73,735
58,321
60,145
30, 966
79,025
34,645
35,864
55, 495
30,599
80, 235
32, 773
29,581
56,569
30, 892
81, 407
34,012
32, 508
55, 459
31, 709
85, 572
33,442
28,019
60, 335
20, 572
81,947
26,724
21, 495
76,006
20, 248
91.979
9,858
11,207
75, 231
8,179
98, 314
795
1, 854
74,165
4,370
100, 288
1,286
2,267
73, 298
3, 930
98,911
2,890
2,698
73, 543
4,160
97, 769
3,912
4,275
73, 520
113,633
112,050
29,612
89,656
91, 547
27,942
67,462
66, 342
29,235
58, 237
57,862
29, 292
75,462
75, 904
27,807
107,347
104,144
30,637
98,096
98, 619
29, 896
109,200
105. 999
32, 983
120,152
120.176
29, 753
128,489
129,926
' 28, 016
56
56
59
62
64
63
63
1
31
84
64
22
1
36
108
69
31
1
38
115
70
37
9
52
128
71
38
1
53
146
70
41
SOFTWOOD PLYWOOD
Softwood plywood:*
Production
thous. of sq. ft., $6" equivalent.
Shipments
do...
Stocks, end of month
do___
121,949 121, 283
125,249 124,795
24, 560 25,907
85,579
81,966
28,055
FURNITURE
All districts, plant operations.
-percent of normal.
Grand Rapids district:
Orders:
Canceled
.percent of new orders.
New
no. of days' production.
Unfilled, end of month
„
do...
Plant operations
.percent of normal.
Shipments
no. of days'production.
52
47
40
147
69
37
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade :§
Iron and steel products:
Exports (domestic), total
Scrap
Imports, total.
Scrap
short tons.
do...
do...
do._.
403,912
10,266
148,460
470,987
11,502
156,408
4,383
Consumption, total*
thous. of short tons.
Home scrap*
do...
Purchased scrap*
...do...
Stocks, consumers', end of month, total*
do...
Home scrap*
__do
Purchased scrap*
__do.--
4,644
2,704
2,240
4,120
1,312
2,808
4,686
2,608
2,078
4,044
1,278
2,766
3,989
2,169
1,820
4,225
1,354
2,871
3,995
2,228
1,767
4,144
1,319
2,825
4,331
2,283
2,048
3,950
1,204
2,746
4,378
2,346
2,032
3,943
1,239
2,704
4,129
2.233
" 1, 896
3,742
1,215
2,527
6,397
10,621
24,847
22,419
2,429
103
46
6,532
11,372
29, 485
26, 677
2,808
125
5,658
10,732
34, 781
31, 533
3,248
187
51
5,837
10,543
39,549
35. 684
3,865
118
56
4,491
9,827
45, 090
40, 537
4,553
199
51
5,612
4,145
44, 706
39, 891
4,815
116
46
6,099
71
39,059
34, 660
4,399
109
51
_
407, 225 344, 697 327,805
9,397
5,480
8,448
119,915 102,163 123,435
2,531
2,717
8,065
487, 240 451, 046 557,360
6,397
8,568
4,768
104,116
92,638
78,584
1,607
4,770
1,208
327, 590 349,317 476, 221 488,300
9,322 10, 662 16, 762 18,160
85, 795 212,138 157,753 111,694
3,459
3,032
4,389
9,584
Iron and Steel Scrap
Ore
Iron ore:
Lake Superior district:
Consumption by furnaces
thous. ol long tons..
Shipments from upper lake ports
do
Stocks, end of month, total
do
At furnaces
do
On Lake Erie docks
do
Imports §
do
Manganese ore, imports (manganese content) §...do
4,995
8,654
26, 265
23, 247
3,018
3,719
0
35, 342
31,215
4,127
78
33
2 4, 538
2 2,326
2 2, 212
4,491
1,376
3,115
4,415
2, 415
2,000
4,514
1,346
3,168
4,504
2,331
2,173
4,405
1,296
3,109
1,748
0
33, 647
29, 606
4,041
75
24
6,021
0
27, 601
24,100
3,501
81
60
4,769
730
23,079
20,060
3,019
112
56
2,990
3, 616
23,905
21,075
2,830
237
45
Pig Iron and Iron Manufactures
Castings, gray iron:*l
Shipments, total...
_
short tons.. 735,060
For sale
.do... 435,806
Unfilled orders for sale
.do... 2,633,118
Castings, malleablercf
Orders, new, for sale.—
do...
43, 429
Orders, unfilled for sale
do... 287,026
Shipments, total
do_.
61,650
For sale
..do..
35,468
Pig iron:
Consumption*...
thous, of short tons
Prices, wholesale:
Basic (valley furnace)
_dol. per long ton.. 26. 00
. Composite
do.
26.67
Foundry, No. 2, f. o. b. Neville Island*
.do
26.50
Production*
thous. of short tons
3,682
Stocks (consumers' and suppliers'), end of month*
thous. of short tons
849,449 748,790 750,050 717,768 767,209 751,092 678,091 706, 319 541,177 796, 068 856, 678 757,041
543, 788 468. 017 462, 364 434,416 461,720 445, 952 397,529 446.567 368,384 505,431 529, 323 454,194
2,015,625 2,015,005 1,817,801 1,754,515 ,741,981 1,847,468 1,877,095 2,076,994 2,152,766 2,265,336 2,378,348 2,491,811
16, 275 47, 020 33, 6P8 44,507
4,249 34, 246 -18,642
285, 210 284,017 232,136 219, 905 229,618 227, 309 236,648
52,647 46,960
59,096
57,315
51,963
71,992
55,813
47, 510 35, 439 33, 239 28, 506 37, 307 36,007
35,168
3,969
3,525
4,080
4,505
4,594
4,062
4,090
24.50
25.17
25.00
4,605
24.50
25.17
25.00
4,801
24.50
25.17
25.00
4,249
24.50
25.17
25.00
4,227
24.80
25.40
25.19
3,388
25.25
25.92
25.75
4,026
25.25
25.92
25.75
4,323
1,318
1,346
1,527
1,527
1,247
1,124
1,192
47,411
31,104 49, 561 48,126 r 38,985
245, 878 247, 644 263, 227 276,055 279,065
54,191
40,156
50, 235 65,010 r 62, 598
29, 338 33,978
38,181
36, 298 * 34,975
25.25
25.92
25.75
2,645
2 3, 664
4,374
3,739
25. 25
25. 92
25. 75
1,148
25. 63
26.32
26.20
4,424
26.00
26.67
26.50
3,614
1,257
1,239
1,046 !
26.00
26. 67
26.50
2,275
Steel, Crude and Semimanufactured
Steel castings :f
Shipments total.
_
.short tons.. 123, 551 173, 685 139,315 131,411 114,613 130, 344 123, 048 115, 239 99,058
57, 423 101,396 146,327 129,211
99,495
98,080
91, 409 85, 391 77,071
83,751
For sale, total
do.
45,151
94, 630
91, 715 129,193 102,428
80,843 108, 586
29,391
27,173
28,160 25 939 22, 645
25,778 27,652 26,071
Railway specialties
do.
33, 598 | 28, 547
25,604
21,905
f
l
a
Revised.
Cancellations exceeded new orders by the amount shown above.
2 Total for January and February.
Data not available.
3 All but 2 of the reporting mills have been closed by strikes since the middle of January.
§Data continue series shown in the 1942 Supplement but suspended during the war period (it should be noted that data for iron and steel are shown in long tons in that volume);
data for October 1941-February 1945 will be published later.
cf Since Jure 1944 the coverage of the malleable iron castings industry has been virtually complete (see note in April 1946 Survey regarding earlier data); total shipments include
shipments for sale and for use by own company, an affiliate, subsidiary or parent company. New orders for sale has been substituted for total new orders which has been discontinued;
data beginning November 1944 for unfilled orders and beginning 1936 for new orders and shipments for sale will be published later.
*New series. Data beginning September 1941 for softwood plywood are shown on p. 16 of the September 1944 Survey. For a description of the series on scrap iron and steel
and pig iron consumption and stocks and 1939-40 data, see note marked "*" on p. S-29 of the November 1942 Survey; later data are available on p. S-30 of the April 1942 and subsequent
issues. The series on pig iron production is approximately comparable with data in the 1942 Supplement (data in the Supplement are in short tons instead of long tons as indicated);
see p . S-30 of the May 1943 Survey for further information on this series and data for 1941-42. The pig iron price series replaces the Pittsburgh price, delivered, shown in the Survey
prior to the April 1943 issue. Data for gray iron castings represent industry totals beginning in the June 1946 Survey; see note in that issue.
t Revised series. Data for steel castings are estimated industry totals; see note marked "f" on p. S-32 of the July 1946 Survey for a further description of the data and compa
rable figures for January-April 1945.
August 1946
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
June
1946
S-33
1946
1945
June
July
August
September
October
Novem- December
ber
January
February
March
April
May
METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Steel, Crude and Semimanufactured—Continued
Steel ingots and steel for castings:
Production..
thous. of short tons..
Percent of capaeity§
_.
Prices, wholesale:
Composite, finished steel
dol. per lb__
Steel billets, rerolling (Pittsburgh). _.dol. per Ion? ton.
Structural steel (Pittsburgh)
dol. per lb__
Steel scrap (Chicago)
dol. per long ton..
Steel, Manufactured Products
Barrels and drums, steel, heavy types:®
Orders, annlled, end of month...
thousands..
Production
_
do
Shipments
„__
...do
Stocks, end of month
do
Boilers, steel, new orders:X
Area
thous. of sq. ft_.
Quantity
__
number..
Porcelain enameled products, shipmentst thous. of dol.
8pring washers, shipments
do.-.
8teel products, net shipments:©
Total
thous. of short tons.
Merchantbars
do...
Pipe and tube
do._.
Plates
_
..do.-Rails__
.do...
Sheets
do._.
Strip—Cold rolled
_
do...
Hot rolled
„
do
Structural shapes, heavy
do
Tin plate and terneplate
do--_
Wire and wire products
do---
5,660
75
6,842
87
6,987
5,736
71
5,983
.0303
39.00
.0235
18.75
.0275
36.00
.0210
18.75
.0275
3.6. 00
.0210
18.75
.0275
36.00
.0210
18.75
.0275
36.00
.0210
18.75
9,763
1,786
1,782
28
2,028
2,036
43
8,646
1,851
1,851
43
4,132
1,903
1,902
44
1,797
1, 895
5,706
399
' 1,619
' 945
3,196
500
1,626
1,075
2,893
397
4,922
481
531
572
181
907
111
120
297
287
350
4,697
463
519
518
202
872
101
113
309
269
314
' 4,072
52
.0301
39.00
.0235
18.75
5,860
78
.0301
39.00
.0235
18.75
5,989
839
839
20
6, 733
1,428
1,424
24
7,886
1,999
1,988
38
8,632
1,861
1,875
24
1,645
1,154
4,496
317
1,948
1, 531
4,788
355
1,993
2,049
6,151
407
1,725
1, 920
' 5, 779
381
i 4,379
1453
i 401
1341
i 149
i 1,044
i 137
1138
1278
1267
1356
4,214
454
418
371
177
924
106
117
327
249
327
4,336
439
457
361
166
973
118
100
340
265
351
3,667
348
385
263
109
966
121
100
201
241
323
6,201
79
6, 059
75
3,872
50
1,393
20
6,507
83
.0275
36.00
.0210
18.75
. 0275
36.00
.0210
18.75
.0275
36.00
.0210
18.75
.0275
36.00
.0210
18.75
.0288
37.50
.0223
18.75
3, 756
1,551
1,557
38
4,012
1,694
1,693
40
4,645
1,823
1,825
38
5, 353
1,810
1,821
27
5,465
1,695
1,705
19
1,432
1,193
3,381
375
1,579
1,371
3,303
316
1,356
1,298
4,049
386
1, 295
1,222
4,013
374
1,597
1, 259
3,355
325
1,606
1,381
5,070
382
4,124
398
436
437
186
841
94
100
287
245
314
3,95f
434
429
389
220
838
84
92
272
213
3GS
4,267
447
426
375
203
979
104
114
333
211
343
4,367
450
454
367
204
993
108
120
324
209
350
4,298
435
417
387
204
931
104
111
331
210
338
.0301
39.00
.0235
18.75
NONFERROUS METALS AND PRODUCTS
Aluminum:
52, 329 55, 598 75,844
77, 566 106,260
104,515
42,444
54,947 40,967 38,213 66.794 38,322
Imports, bauxite 1
long tons
.0385
.0375
.0375
.0475
.0475
.0375
.0375
.0375
.0375
.0375
. 0375 .0375
Price, wholesale, scrap castings (N. Y.)..dol. per lb_.
99.4 ' 109.3
172.3
194.5
106.5
63.8
110.7
60.9
65.2
Aluminum fabricated products, shipments*.mil. of lb.
57.9
66.5
80.8
Bearing metal (white-base antifriction), consumption
6,251
5,445
5,544
4,541
4,404
4,998
4,435
4,975
and shipments, total
thous. oflb__
3,968
4,760
1,333
1,293
1,187
1,303
1,170
1,493
1,046
1,335
Consumed in own plants*
do
1,101
1,073
4,918
3,218
3,696
4,152
3,265
3,495
4,051
2,868
3,687
3,640
Shipments*
do
()
.195
.195
.221
.195
.195
.208
.195
.195
.195
.195
.195
.237
.195
Brass sheets, wholesale price, mill
dol. per lb.
Copper:
10,259
7,336
4,225
10,320
6,267
6,219
6,338
9,511
10,908
7,301
12,427 10, 966
Exports, refined and manufactures %
short tons.
8,194 25,164 31,193
72,470 114,562 G4y 710 70,423 82,366
60,026 13, 560
50,860 56,469
Imports, total S
do
3,481
1,774
1,104
762
J5,657
4,588
2, 2.^2
1,760
1,906
4,309
5,392
2,407
For smelting, refining, and export ^
do...
4,712 24,060 30,431
65,835 76,974 48,452 54,217
44,369
11,800
70, 564 112,788 60,401
For domestic consumption, total J
do
814
12,480
59,469
1,276
3,701
20,368
5,782
21,626
31,118 27,909 22,982 11,869
Unrefined, including scrap K
«.
do.__
3,898 20,358 29,155
53,319
24,001
6,020
48,938
29, 283 37,925 53,993 36,584 41,737
Refined 1
do
.1178
.1178
.1178
.1178
.1178
.1178
.1178
.1178
.1178
.1178
.1178
Price, wholesale, electrolytic, (N. Y.)
dol. per lb.
.1406
.1178
Production:^
41, 832
72, 271 72,855
58,178 41,667
29, 280 r 31,897
68,253 64,091
69,322 65, 586 62,641
Mine or smelter (incl. custom intake)-.short tons.. 32,771
74,377
72,995
23, 870
18,989 20, 551
69,127 45,145
70,363 70, 218 66,062 69, COS 49, 923 20,139
Refinery
do
58, 590
94,031
88,661
95, 267
75, 756 93,647
86,840 83,478 104,104 119,973 103,464 115, 601
Deliveries, refined, domesticcf
do
70, 249
70, 738 76,166
79,145
65,448 75, 745
80, 316 68,675
73,913 74,425 76, 512 72,799 74,339
Stocks, refined, end of monthcf
do
Lead:
7,506
4,981
6,526
37,698
31,861
28,644 40,754 27,164 22,942 25,199
17,669 12,291
Imports, total, ex-mfrs. (lead content) 1
do
31,616
31,803
31,668 26,945 32,978 32,812 31,580 31, 550
Ore, domestic, receipts (lead content) cf-do
Refined:
.0650
.0650
.0650
.0650
.0650
. 0650 .0650
.0650
.0650
.0650
.0650
.C650
Price, wholesale, pig, desilverized (N. Y.)_.dol. per lb_. .0818
38,626
40,300 32,691
35,923 47,462 47,824 45, 399 51,054 41,643 25, 336 23, 766 19, 530
Production, totaicf
short tons.. 18,584
24,179
34,
513
33,232
27,552
40,070
22,726 18,393
38,298 49.795
17,450
34, 699 42,005 39,991
From domestic orecf
do.
39, 658 36, 597 33, 517 39, 701 44, 347 44, 766 44,304 44,806 48,257 28, 702 23,941 21,720
25,173
Shipmentsd"_
do
41,939
41,145
37,
452
40,310
45,312
41,758 39,563
43, 746 51,929
32, 969
36,514 39,629 42,671
Stocks, end of monthcf
do
Tin:
Imports: ^
5,074
1,067
4,000
4,483
1,151
3,340
673
3,917
5,277
7,540
3,763
811
Ore (tin content)
long ton:
0
1,450
1,600
213 • 1,977
1,000
0
0
94
0
'22
0
Bars, blocks, pigs, etc
„
..do
.5200
.5200
.5200
.5200
.5200
.5200
.5200
.6200
.5200
.5200
.5200
.5200
Price, wholesale, Straits (N. Y.)____
dol. per lb__ .5200
Zinc50,237
36,229
42,000 46,908 21.052 39,481 31, 522 31,826 27,662 44, 766 33,878 32,419
Imports, total (zinc content) V-short tons.
2,993
312
3,102
779
0
621
560
883
1,111
For smelting, refining, and export f
do...
161
1,881
735
For domestic consumption: 1
42, 446 26,757 38,055
30,086
Ore (zinc content)
,
do..,
12,005 28,365 20, 450 13,069 14,300 29, 031 18, 291 21, 943
7,791
8,232
Blocks, pigs, etc
*
do__.
9,697
14,683
8,164
9,235 10,337 17,646
13,050 12, 742 12, 485
5,982
Price, wholesale, prime, Western (St.
.0825
.0825
.0825
. 0825 .0825
.0825
.0825
.0825
.0825
.0825
.0825
Louis)..
_dol. per lb.. .0825
.0825
64, 753 61,600 65, 614 64, 337 66,162 65,901 61,274 71,612 60,903 62,416
66, 607 65,830
Productioncf
short tons.. 58,812
54, 477 51,909
48,255 41,881
53,224 54,449 62, 324 58, 635 54,856 83,693 73,191 ' 69,489
60,517
ShipmeDtscf
do.
54,023
48,084 41,410 52,052 51, 326 56,180 47,169 41,349 66,159 60,809 ' 60,380
51,803
51,126
Domesticcf
do.
Stocks, end of monthcf
do_
239,928 183,137 197,058 213,556 233, 275 245,665 255, 553 259,391 266, 657 273,075 260,994 248,706 241,633
r
Revised, i Total for January and February. » Discontinued by reporting source. ® Beginning 1943 data have covered the entire industry.
§ For 1946 percent of capacity is calculated on annual capacity as of Jan. 1,1946, of 91,890,540 tons of open-hearth, Bessemer, and electric steel ingots and steel for castings; 1945 data
are based on capacity as of Jan. 1,1945 (95,501,580 tons).
t Based on information recently available it is estimated that data beginning 1945 represent substantially the entire industry; in prewar years the coverage was about 90 percent.
• See March 1944 Survey for comparable data for 1942; the series now covers 57 manufacturers (two formerly reporting discontinued production of bearing metal).
0 Total shipments less shipments to members of the industry for further conversion; data prior to 1944 were net production for sale.
1 Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later,
cf For data for January 1942-April 1944 for the indicated copper, lead and zinc series, see p. 24 of the June 1944 Survey.
*New series. Data for aluminum fabricated products cover total shipments of castings, forgings. sheet, strip, plate, rods, bars, and other wrought products, exclusive of products
shipped to other manufacturers for further fabrication into other wrought products; data were compiled by the War Production Board through September 1945 and by the Bureau of the
Census thereafter. Data have been revised beginning January 1945 to include estimated industry totals for castings based on monthly reports from the larger founderies and annual
reports for 1945 from the smaller ones. Data for castings included in the totals prior to 1945 are estimated to cover about 98 percent of the industry but the small amount omitted
affected the combined total for castings and wrought products only slightlysince the former represented only about one-fifth of the total. The coverage of wrought products is virtually
complete; weights for some wrought products were gathered at a different stage of manufacture beginning October 1945, but it is believed that the comparability of the totals is not
seriously affected. For revised figures for early months of 1945, see p. S-33 of the June 1946 issue.
SUEVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1946
June
August 1946
1946
1945
June
July
Au
S
ust
temper
October
Novem- December
ber
January
February
March
April
May
METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATUS
Electric overhead cranes:§
Orders, new
_
Orders, unfilled, end of month
Shipments
Foundry equipment:
New orders, net total
New equipment.
Repairs
Heating and ventilating equipment:
Blowers and fans, new orders.
thous. of dol.
do
do
1,456
15,132
994
1,331
5,032
746
1,133
5,622
549
1,898
7,016
411
1,795
8,274
461
2,033
9,597
709
1,799
10,690
675
1,366
11, 365
640
1,607
12,185
757
1,386
12, 772
786
1,422
13, 396
781
1,049
13,546
850
1,792
14,677
1,029
1937-39=100._.
do
do—.
491.7
492.8
488.2
375.4
306.7
618.2
411.7
386.9
499.2
532.2
539.1
508.4
577. 2
617.2
436.9
457.8
456.8
461.6
416.6
419.4
406.8
547.6
600.8
360.8
392.8
391.1
391.7
432.8
458. 7
342.6
536.6
576.7
351.8
701.2
779.8
427.7
577.3
621.7
426.2
thous. of doL.
10, 338
14,151
Oil burners:©
Orders, new, net
number..
Orders, unfilled, end of month
do
Shipments
do....
Stocks, end of month..
do
Mechanical stokers, sales:!
13,389
Classes 1, 2, and 3
.do
Classes 4 and 5:
30 9
Number.
_
75, 274
Horsepower
Unit heater group, new orders*
thous. of dol_.
Warm-air furnaces (forced air and gravity flow),
shipments*.
number..
Machine tools, shipments*
thous. of doL. "28," 586'
Pumps and water systems, domestic, shipments:^
Pitcher, other hand, and windmill pumps
units.. 27, 74i
Water systems, Including pumps
d o . . . . 45, 349
Pumps, steam, power, centrifugal, and rotary:
2,64 8
Orders, new
.-thous. of dol_.
12,262
82,489 138, 828 78, 941 127, 285 159, 375
330. 206 442, 220 498,600 590, 942 717, 642
29. 494 26, 814 30, 681 34,943 32, 675
5,785
6,256
6,531
6,130
4,691
24,903
71, 535
12, 658
6,286
24, 201
84, 575
11,161
5,990
8,512
8,531
10, 575
14, 352
19,493
21,434
13, 746
14, 007
14, 328
16, 038
14, 399
14,688
327
67,827
4 199
425
105,311
446
83, 491
428
90,088
5,581
465
94, 777
400
76, 520
331
63,380
8,526
246
59,382
248
69,070
275
73, 717
345
88,485
303
80, 586
32, 764
41,040
27, 540
32, 504
33, 410
32, 500
34, 871
27,300
40,165
31,200
41,465
26,084
33, 253
23,276
37,789
30, 263
39,664
26,949
24, 570
33, 840
25,566
31, 364
25,088
32, 259
22,995
32,400
25,470
38, 927
24,050
36, 529
23,600
33, 718
27, 563
46,094
24,093
37, 528
47,100
27, 326
27, 231
44, 870
43,186
28,108
28,157
44, 887
23, 587
45,150
3,220
3,871
2,258
2,171
2,975
2,482
1,925
2,836
2.728
2,489
1,325
1,213
1,567
1,675
1,926
1,834
1,768
1,706
1,686
1,672
1,645
371
243
294
235
252
214
164
256
206
323
202
254
227
345
217
213
187
222
2,878
8.431
783
5,329
9,952
889
4,301
4,192
386
3,336
7,092
701
2,005
8,104
690
2,659
5,856
624
2,556
7,626
613
3,144
6,343
570
2,694
6,589
614
2,216
224
429
5,786
604
2,759
2,738
3,060
16,129
6, 304
6,737
4,866
2,699
10, 882
5,320
5,992
3,710
2,801
8,362
5,224
6,012
3,621
1,315
8.624
4,462
6,624
1,695
2,663
8,826
5,417
10,691
1,678
1,335
11,383
5,633
7,260
1,720
1,352
12, 732
6,143
10,813
1,358
2,067
12, 900
3,365
5,818
565
779
14,109
3, 243
6, 530
456
894
10, 887
5,924
12, 767
868
1,840
6,590
4 726
10^22
600
1 414 j
1 2 ; 940 |
5,281
10, 809
847
1,844
16,103
3,247
824
4,147
1,321
3,120
1,029
3,372
1,067
3,017
746
2.490
825
3,152
875
4,093
921
4,359
1,265
4,222
1,104
4,474
1,211
3,389 !
3,214
1 138 1 1,038
1,401
1,225
2,877
1,314
1,070
2,627
1,294
1,354
2,687
1,286
1,511
2,913
1,
1,
3,
1,512
1,433
3,038
81, 766 80,100 50, 895 58, 075 32,150
151,822 211, 799 235, 073 266, 976 277,211
27, 621 26,172
14, 519 20,123
21,915
6,422
5,435
6,670
5,279
6,166
26, 580
2,856
ELECTRICAL EQUIPMENT
Battery shipments (automotive replacement only),
number*
.thousands..
Electrical products:t
Insulating materials, sales billed
1936=100..
Motors and generators, new orders
do
Furnaces, electric, industrial, sales:
Unit
....kilowattsValue
thous. of dol..
Laminated fiber products, shipments
do
Motors (1-200 hp):
Polyphase induction, billings
do
Polyphase induction, new orders
do
Direct current, billings
do
Direct current, new orders
do
Rigid steel conduit and fittings, shipments! short tons..
Vulcanized fiber:
Consumption of fiber paper
_thous. of lb_.
Shipments
thous. of dol..
1,377
PAPER AND PRINTING
PULP WOOD AND WASTE PAPER
Pulpwood:*
Consumption
Receipts, total
Stocks, end of month
Waste paper:*
Consumption
Receipts
Stocks
thous. of cords (128 cu. ft.)._
do
do
1,516
1,608
2,945
1,471
1,593
2,420
1,349
1,580
2,627
1,390
1,685
2, 887
short tons.. 586, 569 597,137 520, 824 552,888
do
617, 291 589, 702 534, 585 543, 008
do
428,268 324,211 330, 473 323, 799
1,465
1, 535
3,017
602,143 568,048 500, 546 590, 097 555, 229 616,
620, 472 566, 858 496, 036 589, 511 545, 602 637,
330, 579 330, 919 326, 689 326,238 316, 488 337,
"•1,515
r 1,331
r 2,853
606. 662 620,830
653,188 637,991
382, 992 401,667
WOOD PULP
1,399
6,379
3,711
1,095
3,461
18, 720 24, 339
2,906
5,092
1.058
1,359
Expprts, all grades, to tali
short tons..
3,198
127, 603 177, 360 166, 839 257, 561 230,024 271, 856 232,963 142.069 109, 769 118, 276 123,985
Impbrts, all grades, total i
do
18,455
8,112
4,117
3,629
3. 758
7,817
6,846
5,780
5.213
4,783
Bleached sulphate i
do
3,996
5,322
45, 352 62, 600 55, 922 100, 745 88, 447 31.741
7,071
29, 580 39,117
10,505
Unbleached sulphate %
do
20, 352
11,435
26, 423 30, 340 38, 745 27, 980 56,880 38, 609 36, 779 37, 299 38, 672 36,194 42, 638 39. 406
Bleached sulphite i
do
78,483 45, 242 37,715
31, 679 46, 843 73. 754 66, 685 92, 659 99, 529 99,480
36, 085 37,158
Unbleached sulphite X
do
2,012
1.719
1,707
2,170
1,740
1,740
1, 595
1,943
1, 879
1,699
1,717
Soda t
do
1,990
24,955
26,948 25, 295 21,011
15, 547 15, 487 19, 920 16,991
21,194
19, 502 17,113
22, 548
Ground wood f
do
* Revised.
§ Revisions in unfilled orders for April-July 1942 are available on request; data cover 9 companies since September 1944; earlier data back to March 1943 covered 8 companies.
© Data are based on-reports of 124 manufacturers accounting for practically the entire production of oil burners; in prewar years the reporting concerns accounted for around 90
percent of the industry.
5 Data cover almost the entire industry; in prewar years the reporting concerns represented over 95 percent of the total.
• Includes unit
unit heaters,
heaters, unit
unit ventilators,
ventilators, and
and heat
heat transfer
transfer coils;
coils; the
the designation
designation has,
has, therefore,
therefore, been
been corrected
corrected from
from "unit
"unit heaters"
heaters" to
to '"unit heater group" to avoid misinterpretation.
cf It is believed that data shown currently and also earlier data for these products are substantially complete.
t Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
*New series. The series on automotive replacement battery shipments are estimated industry totals compiled by Dun and Bradstreet; data beginning ?937 are available on
request. For 1940-41 and early 1942 data on machine tool shipments, see p. S-30 of the November 1942 Survey; data beginning August 1945 are estimated industry totals compiled by
the National Machine Tool Builders Association; earlier data were compiled by the War Production Board. The new series on shipments of warm-air furnaces is compiled by the
Bureau of the Census from reports by manufacturers accounting for almost the entire production; data beginning January 1944 will be published later. Data through August 1945
for the pulpwood series and for receipts and stocks of waste paper were compiled by the War Production Board; data beginning October 1945 for all series and earlier data for waste
paper consumption are compiled by the Bureau of the Census (waste paper consumption through September 1945 were compiled from reports to the War Production Board); September data for all series were estimated by that agency from partial reports to the War Production Board. Data cover all known producers of pulp, paper, and paper board; a small
proportion of the data is estimated.
fRevised series. The index for motors and generators includes adjustments for cancellations reported through December 1945; data published for this index prior to the July
1946 Survey and for the index for insulating materials prior to the April 1945 Survey, have been revised (revised April 1945 figure for the index of sales of insulating materials, 378);
all revisions are available on request. Data for rigid steel conduit and fittings have been revised to cover domestic sales only (some manufacturers formerly included export sales);
revisions through April 1945 will be published later.
SURVEY OF CURRENT BUSINESS
August 1946
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in t h e
1942 Supplement to the Survey
1945
1946
June
S-35
February
799,579 706,722
71,683
64,504
299,256 246,570
132,878 119,761
66,105 r 59,806
38,408 35, 925
147,473 143,283
727,224
59,004
230,809
136,813
64, 513
39, 553
155, 756
720, 239 855,139 849,772
78,144 76,411
63,011
250,454 320,300 316,854
127,991 140,669 141,876
64, 546 62, 347
58,989
41,320 41, 612
35,886
143, 333 163,110 164, 589
r 81, 745 r 78,137 r 72, 202 r 67,422 * 65,367 r 68,665 71,195
4,238
4,534
6,009
5,471
3,999
4,010
4,749
7,616
10,309
7,542
8,984
8,894
8,829
7,135
14, 527 r 13, 410 14,045 r13,605
14,400
17,105
13,099
9,066 •• 9,405 9,461
r 8,195 ' 8, 579 r 7,660 r 8, 343
1,933
2,279
2,218
1,959
r 3, 547 r 2,146
2,104
r
41, 952 38, 223 '31,460 r 26, 569 ' 23, 349 r 24, 361 26, 481
67,026
3.855
7,340
15, 397
9,374
2,041
25, 638
July
August
September
1946
January
June
Octo- I Novem- December | ber
ber
March
April
May
PAPER AND PRINTING—Continued
WOOD PULP—Continued
Production :f
Total, all grades
short tons.
Bleached sulphate
_do
Unbleached sulphate
do__.
Bleached sulphite
do
Unbleached sulphite
do.._
Soda
...do.._
Groundwood
do
Stocks, end of month:f
Total, all grades
do
Bleached sulphate
do__.
Unbleached sulphate
do
Bleached sulphite
.
do
Unbleached sulphite
.do
Soda
do
Groundwood
_
do
826,083
69,397
326,153
131,380
r 70,994
' 38,451
143,184
749,053
66,984
•298,865
112,927
' 66,256
33,270
127, 646
780,971 • 738,619 •828,316
r 68,694 r 66,563 77,446
312,169 •285,789 •315,380
124,205 117,855 136,793
65,355 64,130 67,011
35, 538 35,147 39,218
• 132, 678 • 127, 578 146,124
74,295
6,970
6,556
18, 561
10,105
2,181
26,253
74,906
5,203
7,119
17,362
8,786
2, 645
29,870
,476,679 1,350,681 1,454,218 1,409,470 1,570,975 1,503,923 1,369,516 1,508,961 1,428,745
702,025 645, 786 711,451 690,643 783,339 760,310 709,444 782,844 720,336
774,654 704,895 742, 767 718,827 787,636 743, 613 660,072 726,117 708,409
94,495
96,874
94,117 101, 763 91, 716 98,648 89, 293 87,831
96,072
1,638,097
819, 320
818, 777
106,443
77,173
6,265
7,624
14,834
8,451
2,711
34,089
848,623
78,670
307,975
149, 729
65, 518
38,486
161,044
88,446
7,358
8,055
17,481
11,181
2,976
37,983
PAPER AND PAPER PRODUCTS
All paper and paperboard mills:*
Paper and paperboard production, total--short tons..
Paper
do
Paperbqard
do
Building board
do
Paper, excl. building paper, newsprint, and paperboard
(American Paper and Pulp Association):!
Orders, new
short tons—
Production
do
Shipments
do
Fine paper:
Orders, new
do
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, end of month
do
Printing paper:
Orders, new
do
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, end of month
do
Wrapping paper:
Orders, new
__do
Orders, unfilled, end of month
do
Production
___do
Shipments
do
Stocks, end of month
do
Book paper, coated:
Orders, new
percent of stand, capacity—
Production
__do
Shipments
___„
do
Book paper, uncoated:
Orders, new
do
Price, wholesale, " B " grade, English finish, white,
f. o. b. mill
dol. per 100 lb—
Production
percent of stand. capacityShipments
do
Newsprint:
Canada:
Production
short tons
Shipments from mills
...do
Stocks, at mills, end of month
do
United States:
Consumption by publishers
do
Imports^
do
Price, rolls (N. Y.)
do!, per short ton.
Production
short tons..
Shipments from mills
...do
Stocks, end of month:
At mills
..do
At publishers
do
In transit to publishers
..do
Paperboard (National Paperboard Association) :\
Orders, new
._
..do
Orders, unfilled, end of month
do
Production
do
Percent of capacity
Waste paper, consumption and stocks;§
Consumption
short tons..
Stocks at mills, end of month
...do
Paper products:
Shipping containers, corrugated and solid fiber, shipments*
mil. sq. ft. surface area..
Folding paper boxes, value:*
New orders
1936=100..
Shipments
do
1,628,857 1,620,157
813,674 820,510
815,183 799,647
108,287 106, 515
682,014 593, 256 700, 693 682,491
644,266 591,121 681, 001 666,108
653, 559 592, 627 682, 398 665, 605
657, 522
668,316
669,043
83, 498 79, 761 101,382 83, 681 104,902 107, 677
140, 438 129, 598 135,896 136, 513 149, 408 r161, 287
93, 479 85, 743 92, 351 84,450 92, 218 r 94, 770
91,840
93, 017 79,314 94,431 85, 596 96,129
53,721 r 56,349
55,904
62, 335 55,963 57,412
r 87,885
153,095
r 96, 643
r 96,062
' 56,701
558, 309 552, 798 659, 293 587,104 553,553
580,980 559, 251 639,950 619, 717 580,487
580,713 559,923 628,677 616, 249 563,008
642,845
632, 538
637,856
566, 387 551,732
566, 214 520,970
569, 281 513,142
96, 560
165,930
90,850
90, 698
54, 730
76, 291 71,972
92,031
180,092 176, 477 158,803
75, 538 83. 471
82,163
84, 842 74. 863 82,418
43, 348 44,013 44, 745
219, 217
254, 874
215, 075
219,150
49, 615
170,041
156,175
174, 398
176, 610
56, 443
170, 215
169, 262
154, 752
152,125
58, 819
179,339 185,158
176,948 193,236
179, 770 172, 037
178,478 174, 664
60, 239 58, 676
223,472 184,014
212, 356 196,654
205, 359 200, 557
202,857 198, 476
61, 288 62, 627
171,937
179,989
191, 434
187, 420
64, 962
247,377
247, 788
219.785
221, 406
57, 996
203, 257
250,553
198,199
198,897
56, 942
234, 395
261,171
227,104
223,972
58, 298
227, 871
255,855
226, 978
228,219
r
56,934
227, 325
255,442
228, 661
229,862
r 53,691
237,028 220,428
185, 716 217,174
238,113 223, 410
239,008 222,677
62,840
61, 575
224, 378
242, 766
210, 973
207,255
68, 713
217,128
227,045
227. 472
228. 503
67,955
207,059
219, 338
217,861
216, 830
67, 395
242,857
209,772
242, 786
240,026
66,090
228,184
213.983
233, 507
232.984
69, 869
216,125 231,270
207,920 192,175
214, 719 232,704
209,993 238,186
72,490 67,047
215,089
190,398
217, 692
217,859
68, 273
262, 247
205,926
262, 799
264, 054
75,122
247,243
199,825
247,098
247, 587
r
71, 082
244,392
187, 646
248, 900
246, 768
r 68,104
55.8
53.7
55.4
55.2
50.3
52.7
56.1
55.6
56.2
58.1
58.1
57.1
69.2
68.1
60.5
67.7
66.7
62.6
64.7
67.0
81.9
81.2
77.0
89.5
100.0
89.2
92.9
7.30
82.4
83.0
7.30
77.2
75.8
7.30
80.4
80.3
7.30
83.5
84.3
7.30
93.8
92.0
7.30
97.2
96.1
7.30
96.4
93.5
334, 207 266,417 270, 640 287,028 269,963
322,805 258, 348 282,065 304,114 277,018
123,161
97, 722 86,297 69, 211 62,156
310,975
308,090
65,041
299,158
298,005
66,194
276,931 328,414
262,765 316,320
80, 360 92,454
259, 284 190, 511 177, 905 202, 911 213, 294 236,939
212,814 239, 974 236,378 218,399 263,457
61.00
61.00
61.00
61.00
67.00
61.00
57,081
56,518 56,722 62,267
61, 241 60,828
58, 201 59,802 60,101
61,671
56,492 58,311
236,090
206,659
61.00
62,602
62,186
225,378 221, 054 223,244
232,618 244,469 238,888
67.00
67.00
61.00
61, 563 67,819 60,564
62, 551 66,102 59,015
8.00
6,416
209,784
52,155
92,405
71,047
145,125 135,498
81, 464 91,916
79, 946 86, 111
47,064 49, 509
7.58
8.00
8.00
308, 382 334,127
285, 304 320, 351
115, 532 129, 308
8.00
337,862
348,103
119,067
359, 943
367, 251
111,759
267, 711
269,795
67.00
65, 304
67,658
258,984
285,017
67.00
67,064
67,698
261,484
313, 270
67.00
65,927
65,699
9,606
7, 252
8,057
7,328
6,340
246, 227 222, 266 221,957 216, 241 198,122
55,206 60, 277 55, 341
47, 556 44,078
6,618
201, 776
56, 332
6,84G
210, 276
59, 257
704,867 653,196 601, 526 685, 788 641,342 754, 872
492, 880 511,022 472, 568 462,446 516,776 533, 794 549, 929
619, 388 704, 564 664,076 583,569 624,862 614,867 710,987
97
90
100
91
97
95
85
747,907
553,274
716, 274
99
771,331
567,068
703,422
94
9,509
7,826
4,746
6,912
10,739
245, 518 263. 277 275, 338 258, 752 254,834
40, 459 46, 865 47, 399 55, 215 46,882
669, 747 657,211 655,365
558,129 499, 505 507,758
675,118 683,957 610,126
97
96
665,380
494.699
659,672
90
374, 295 405, 773 351,805
283, 996 191,285 198,554
383,116 366, 642 412, 472 385, 249 347, 495 397, 534 372,489
190, 810 187,185 203,657 204,675 199,353 204, 736 193,885
412, 718
211, 335
413,131
238, 597
408,173
259,832
4,728
4,124
3,751
4,141
4,147
4,774
4,421
4,047
4,800
4,345
4,923
4,078
4,975
362.7
331.3
250.8
272.0
235.2
239.6
240.4
.262.5
243.6
254.5
273.4
303.7
302.7
288.3
274.5
260.7
347.7
301.3
324.8
283.1
397.0
322.1
389.5
338.0
379.6
338.4
590
502
365
315
50
401
312
89
582
483
534
443
91
536
477
59
731
609
122
348
281
67
465
368
97
638
664
539
125
682
553
129
PRINTING
Book publication, total
New books
New editions...
r
no. of editions.
do
do
556
123
Revised.
§See note in April 1946 Survey for basis of data.
JFor revisions for January 1942-March 1943, see note for paperboard at bottom of p. S-36 of July 1944 Survey.
VData continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
{Revised series. Revised woodpulp production for 1940-43 and sulphite stocks for all months of 1943 are shown on p. 20 of the December 1944 Survey and revised 1942 stock figures
for all series are on pp. 30 and 31 of the June 1943 issue; there have been further revisions in the 1943 data for groundwood and total production shown in the December 1944 Survey
and unpublished revisions in the 1944 production data for these two series; all revisions will be shown later. The data exclude defibrated, exploded and asplund fiber; stock data are
stocks of own production at mills. The paper series from the American Paper and Pulp Association beginning in the August 1944 Survey are estimated industry totals and are not
comparable with data shown in earlier issues; there have been further small revisions in the 1943-44 data as published prior to the June 1945 issue; these revisions and earlier data
will be published later.
*New series. The new paper series are from the Bureau of the Census and cover production of all mills including producers of building paper and building boards; for 1942 monthly
averages and data for the early months of 1943, see p. S-32 of the August 1944 issue. For data beginning 1934 for shipping containers, see p. 20 of the September 1944 Survey. For
data beginning June 1943 for folding paper boxes, see p. S-32 of the August 1944 Survey; earlier data will be published later. Minor revisions in the January-May 1944 figures for
paper boxes and January 1943-May 1944 data for shipping containers are available on request.
Digitizedolding
for FRASER
SUEVEY OF CURRENT BUSINESS
S-36
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1945
1946
June
August 1946
June
July
August
1946
September
October
Novem- December
ber
January
February
March
April
May
PETROLEUM AND COAL PRODUCTS
COAL
Anthracite:
Exports §
thous. of short tons..
Prices, composite, chestnut:
Retail
dol. per short ton_.
Wholesale
do
Production
thous. of short tons..
Stocks, producers' storage yards, end of mo
do
Bituminous:
Exports §
do
Industrial consumption and retail deliveries, total
thous. of short tons..
Industrial consumption, total
do
Beehive coke ovens
do
Byproduct coke ovens
do
Cement mills
_
.do
Electric power utilities
_
-do
Railways (class I)__.
do
Steel and rolling mills
_
_
-do
Other industrial
_
do
Retail deliveries
do
Other consumption:
Vessels (bunker) §
do
Coal mine fuel
.do
Prices, composite:
Retail (34 cities)^
_.dol. per short ton_.
Wholesale:
Mine run
do
Prepared sizes
do—
Production!
thous. of short tons..
Stocks, industrial and retail dealers, end of month,
total
thous. of short tons.,
Industrial, total
_
_._do
Byproduct coke ovens
do
Cement mills
_-do_..
Electric power utilities
do...
Railways (class I)
_._do.._
Steel and rolling mills._
do...
Other industrial
do._.
Retail dealers, total.
do
322
334
311
336
365
404
359
317
314
382
13.89
11. 764
5,667
180
14.90
12. 214
4,944
174
14.91
12. 233
4,656
198
14.93
12. 281
4,640
203
14.92
12. 281
5,304
140
14.93
12. 281
4,559
132
15.06
12. 389
15.20
12.454
4,982
157
15.26
12. 469
4,788
192
15.26
12. 469
5,492
214
2,902
2,929
2,838
3,681
2,898
3,471
2,208
2,813
3,130
3,633
1,744
33,945
29,481
531
6,267
575
5,022
8,274
582
8,230
4, 464
42, 850
35,046
869
7,343
321
5,971
10, 066
762
9,590
7,804
41, 733
34, 553
852
7,695
336
6,065
10, 061
747
8,679
7,180
41, 444
33, 553
707
7,181
379
6,016
9,727
693
8,850
7,891
39,485
31, 547
464
7,130
401
5,315
9,254
673
8,310
7,838
41,054
32,124
311
5,617
434
5,566
9,692
798
9,706
8,930
44, 089
34, 596
571
6,798
477
5,480
9,870
811
10,589
9,493
51, 679
38, 446
612
7,333
467
5,804
11,005
921
12, 304
13, 233
51,826
36, 542
631
5,299
471
5,706
10,976
552
12, 907
15, 284
46. 244
31, 281
570
3,744
441
4,929
9,827
683
11,087
14,963
43, 627
35, 382
719
7,101
503
5,110
10, 391
815
10, 743
8, 245
32,043
28,118
38
5,502
518
5,190
8,246
749
7,S75
3,925
222
176
236
187
217
175
218
168
212
145
169
129
222
103
202
98
237
219
10.54
10.55
10.57
10.57
10.58
10.59
10.59
10.69
10.69
111
249
10.69
10.70
5.787
6.028
50, 700
5.388
5.655
50,987
5.393
5.670
47,217
5.430
5.696
47,658
5.433
5.708
5.433
5.708
39,192
5.433
5.708
50, 772
5.436
5. 708
46, 798
5.443
5.709
54, 075
5.447
5.709
49,975
5. 454
5.709
56, 540
5. 454
5. 709
3,356
37,776
35, 212
3,629
482
11, 430
7,297
624
11,750
2,564
47, 715
43,152
5,128
497
13, 736
9,872
703
13, 011
4,563
49,906
45,024
4,753
503
14, 282
10, 222
656
14, 416
4,882
51,141
45, 966
4,503
528
14,690
10,387
680
15,178
5,175
53, 350
48, 025
4,624
608
15,534
10,880
746
15,633
5,325
48, 015
43, 734
3,666
569
15,138
10,072
548
13, 741
4,281
48, 919
44,689
4,607
670
15,137
10, 056
602
13, 617
4, 230
45, 665
42, 450
4,804
641
14, 668
8,985
593
12, 759
3,215
46, 528
44, 049
5,661
594
14,378
9,393
626
13.397
2,479
51,158
48,047
6,393
608
14,802
11,070
705
14, 469
3,111
58, 531
55, 386
8, 269
677
15, 705
13, 235
1, 005
16, 495
3,145
38, 741
36. 398
4,117
414
12,044
7, 554
607
11.662
2, 343
160
133
137
142
118
156
168
160
219
162
70
7.500
7.500
7.500
7.500
7.500
7.500
7.500
7.500
7.500
7.500
7.500
'.500
341
4,398
'561
' 5, 208
172
••551
' 5, 474
185
926
569
357
154
' 1P8
' 3,974
144
963
481
482
159
'394
' 5,208
163
927
498
429
158
405
3,800
161
970
666
305
146
462
5,000
167
1,016
814
203
142
'24
\, 852
181
872
598
275
148
'298
' 5,037
148
1,177
658
518
162
'368
'4,828
152
615
359
256
' 456
'5,111
180
1,102
674
428
160
12.710
3,636
63
130
15. 25
12. 469
5,094
176
COKE
Exports §
thous. of short tons
Price, beehive, Connellsville (furnace)
dol. per short ton..
Production:
Beehive t
thous. of short tons..
Byproducts
do.
Petroletim coke
do.
Stocks, end of mouth:
Byproduct plants, total
do.
At furnace plants
do.
At merchant plants
_do_
Petroleum coke
do.
1,002
490
512
159
2,632
149
1,161
934
227
147
620
442
178
144
PETROLEUM AND PRODUCTS
Crude petroleum:
149, 682 155, 040 152, 771 128, 236 131,567 138, 705 141, 779 140,130 130, 232 144, 488 139, 884
Consumption (runs to stills)t
-thous. of bbl
2,988
3,958
2,536
3,398
3,380
3,455
Exports §
do__
3,936
2,418
1,495
2,688
4,272
6,090
7,480
6, 789
7,387
5,673
7,547
6,578
Imports §
do
7, 577
7,102
8,302
7,867
1.110
1.110
1.110
1.110
1.110
1.110
1.110
Price (Kansas-Okla.) at wells
-dol. per bbl._
1.210
1.110
1.110
1.110
1.190
Production!
thous. of bbl
145, 610 151,606 150,965 132, 386 132,597 135, 252 138, 495 143, 368 132,129 136, 835 140,196
95
84
92
Refinery operations
pet. of capacity
85
92
91
95
Stocks, end of month:
218, 218 216,638 215,135 220,319 221,246 218, 916 218,763 223,442 227, 220 221, 400 222, 4S0
Refinablein U . S . !
....thous. of bbl
51,790
54,469
53,053
51, 773 52, 756 50, 276 51,819
52,967
At refineries
do...
55, 430 53,128
54, 529
151.909 149,247 147,807 150,984 154,988 151, 753 153,957 156,790 157, 315 153,419 153,186
At tank farms and in pipe lines
...do
14, 519
14,485
14,407
14,338
14,361
14,866
14, 853 14, 765
14, 530 14,833
On leasesf
_
_._do
14,475
4,554
5,044
4,606
4,437
4,793
4, 610
4,821
4,528
4,496
Heavy in California
do
4,607
4,533
1,291
1,089
1,350
1,158
1,389
1,156
1,233
1,333
1,330
Wells completed!..
number..
1,112
1,236
Refined petroleum products:
Gas and fuel oils:
Domestic demand:§
15, 353 14, 998 14, 207 16, 546 19,102
28, 626 29, 473 25, 341 19,804
14, 719
18,063
Gas oil and distillate fuel oil
thous. of bbl...
43,151
41, 434 40, 350 35, 469 40, 627 42, 713 45, 726 44, 966 39, 332 42, 229 37,911
Residual fuel oil
_
do...
Consumption by type of consumer:
1,446
2,850
2,043
2,570
1,855
2,261
1,280
1,540
2,141
1,386
2,157
Electric power plants!
do
1,1
7,274
8,300
7,799
7,420
6,935
8,361
6,953
6,461
7,625
Railways (class I ) —
do
7,!
6,584
6,131
6,999
5,f '
5, 436
6,049
7,897
Vessels (bunker oil)§.
_
do...
7,740
5,775
4,874
5,346
Exports:§
4,764
3,202
1,566
1,995
2,421
2,456
'2,464
2,017
1,723
1,797
3,407
Gas oil and distillate fuel oil
.do...
909
1, 106
416
240
317
374
507
363
569
Residual fuel oil
_
do
239
267
.066
.058
.066
.066
.061
.058
.058
.058
Price, fuel oil (Pennsylvania)
dol. per gal.058
.058
.058
.058
Production:
21,891
19,964
24, 390 23,047
22,099
21,176
21, 740 19, 204 19,009
25, 298
23,181
Gas oil and distillate fuel oil
.thous. of bbl.
40, 527
36,452
37, 937 38, 609 37, 940 34.791
41,- 200 34,183
37, 598
37, 407
Residual fuel oil_.
do._.
41,881
Stocks, end of month:
32, 440
36, 276 41, 245 45,059
45, 479 44, 562 35, 778 28,990 25, 511 29,922
32, 064
Gas oil and distillate fuel oil
do-..
35, 606
34, 573 34,008
38, 341 42, 227 42, 822 42, 068 41, 322 37,158
32, 995
Residual fuel oil
do-_.
35, 206
Motor fuel:
60, 597
66, 218 70,027
64, 550 55, 743 53, 581 50,129
51,186
62, 045
Domestic demand§._
thous. of bbL
47,!
56, 801
6,312
4,524
5,332
9,784
2,779
2,794
4,181
2,300
Exports§
do.-_
3,248
4.452
5,258
Prices, gasoline:
.058
Wholesale, refinery (Okla.)..
dol. per gal.
.059
.059
.059
.059
.056
.055
.050
.060
.050
.060
.053
.149
Wholesale, tank wagon (N. Y.)
do...
.161
.161
.161
.149
.149
.145
.149
.149
.155
.145
.146
.142
.146
.142
.146
.146
.141
Retail, service stations, 50 cities
...do...
.142
.142
.142
.142
.141
.142
r Revised. JRevisions for 1945 not shown above: Beehive—Jan., 461; Feb., 456; Mar., 535; Apr., 377; May, 560; byproduct—Jan., 5,621; Feb., 5,101; Mar., 5,691; Apr., 5,269.
§ Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
1 Average for 35 cities through April 1945; the comparability of the average was not affected by the omission of data for the city dropped.
f Revised series. For source of 1939-41 revisions for bituminous coal production, see note marked "f" on p. S-32 of the April 1943 Survey;n revisions for 1942-43 are shown on p .
S-33 of the April 1945 issue. For 1941 revisions for the indicated series on petroleum products on this page and p. S-37, see notes marked "f" ° p. S-33 of the March and April 1943
issues (correction for crude petroleum production January 1941, 110,446), and for revised 1942 monthly averages, see note marked " t " on p. S-33 of the July 1944 issue; 1942 monthly
revisions and revisions for 1943 are available on request.
SUKVEY OF CUERENT BUSINESS
August 1946
June
1946
1945
1946
Unless otherwise stated, statistics through 1941
and descriptive notes m a y be found in the
1942 S u p p l e m e n t to the Survey
S-37
June
July
August
September
October
Novem- December
ber
January
February-
March
April
May
PETROLEUM AND COAL PRODUCTS—Continued
PETROLEUM AND PRODUCTS—Continued
"Refined petroleum products—Continued.
Motor fuel—Continued.
Production, totalt.
thous. of bbl__
Straight run gasoline
_
_
.-.do
Cracked gasoline..
do
Natural gasoline and allied productsttdo
Sales of 1. p. g. for fuel and chemicals
do
Transfer of cycle products..
_.
do
Used at reflneriest
do
1
Retail distribution d
mil. of gal..
Stocks, gasoline, end of month:
Finished gasoline, total
thous. of bbL.
At refineries.do
Unfinished gasoline
.
...
do
Natural gasoline
_do
Kerosene:
Domestic demand§_.
.
do
Exports§
do
Price, wholesale, water white, 47°, refinery (Pennsylvania)
_dol. per gal_.
Production
thous. of bbl_.
Stocks, refinery, end of month
do
Lubricants:
Domestic demand §
_do
Exports!
do
Price, wholesale, cylinder, refinery (Pennsylvania)
dol. per gaLProduction
thous. of bbl_.
Stocks, refinery, end of month
do
Asphalt:
Imports§
.short tons..
Produetion.
_
.do
Stocks, refinery, end of month
do
Wax:
Production
thous. of lb_.
Stocks, refinery, end of month
__do
Asphalt prepared roofing, shipments:!
Total..
...thous. of squares..
Smooth-surfaced roll roofing and cap sheet...do
Mineral-surfaced roll roofing and cap sheet...do
Shingles, all types.
.do.
.160
1,359
40
5,081
2,416
23,141
29,918
9,267
1,671
51
5,483
2,290
66,873
24, 761
34, 496
9,474
1,782
76
5,425
2,118
66,058
23,885
34,504
9,871
2,115
87
5,317
2,006
62,126
23,234
31,067
10,122
2,217
80
5,037
2,047
55,492
20,915
27,388
9,251
1,973
89
4,448
1,937
61,899
24,385
29,910
9,563
1,866
93
4,619
' 2,309
61,160
23, 216
30, 573
9,223
1,765
87
4,487
2, 560
65,191
24, 668
32,945
9,529
1,872
79
4,869
74,270
46,346
9,733
4,048
65,489
38,146
9,085
3,985
68,039
41,613
8,766
3,959
78,091
47,585
8,449
4,325
89,360
56, 784
8, 316
4,322
94,115
63,203
8,279
5,034
96, 293
63, 999
8,543
5,843
95,186
63, 532
8,975
6,658
90, 444
58, 605
8,300
6,982
85, 801
53, 893
8,159
7,004
4,402
543
3,789
540
5, 254
815
6,775
605
7,613
505
9,830
423
11,176
586
9,608
370
8,006
394
5.995
655
.074
6,337
5,737
.074
6,520
.074
7,089
7,571
.068
5,858
8,082
.066
6,447
7,564
.066
7,564
7,355
.066
8,543
6,212
.066
9,688
4,666
.070
9,506
4,304
.070
9,852
4,981
.070
8,396
6,097
6,338
782
.070
8,887
7,912
3,132
678
3,261
819
3,120
389
2,327
453
2,577
297
2,532
571
2,689
775
2, 275
603
2,562
1,225
3,061
721
2, 866
1,131
.160
3,567
6,770
.160
3,645
6,321
.160
3,712
6,505
.160
3,128
6,840
.160
3,265
7,221
.160
3,485
7,595
2,606
517
.160
3,312
7,773
.160
3,395
7,694
.160
3,159
7,966
.160
3,786
7,951
.160
3,693
7,852
.160
3,722
7,565
24,644
34, 263
9,521
1,384
76
6,065
2,339
72, 505
28,457
35,696
9,757
1,328
77
6,551
2,366
72,318
29, 263
34,829
9,651
1,369
56
6,236
2,599
60,077
23, 600
29,307
74,089
46,357
12,039
4,723
74,460
47,822
11,122
4,338
4,741
556
8,748
18, 542
681,100 790,200
835,300 730,700
5,045
1,575
1,099
2,371
7,864
9, 206 23,612
772, 600 662,900 650,000
592,200 524, 200 503,100
9, 065
30, 040
376
665
9,925
8, 985
447
564,400 491,100 459, 500 479,300 540, 500 592, 700 711, 800
558,400 692, 700 786, 500 889, 600 948,400 986, 200 1,023,100
70,280
71,400
71,400
78,680
73,360
82,600
54,040
84,280
58,240
84,280
66,640
83,160
63, 840
82,040
4,182
1,260
1,133
1,789
3,816
1,092
1,043
1,681
4,170
1,194
1,145
1,831
4,076
1,112
1,186
1,778
4,665
1,269
1,350
2,045
4,347
1,147
1,299
1,901
3,314
892*
937
1,484
65, 520
80,640
64,960
81.480
77, 280
85,400
68, 040
80, 920
4,563
1,350
1,226
1,987
4,060
1,229
1,073
1,759
4,680
1,526
1,102
2,052
5,151
1,696
1,224
2,231
10,131
10,355
19, 595 33,008
157,977
133,294
12,792
31,757
180,088
67,760
77, 280
rr 5,168
1, 746
r 1, 076
r 2, 346
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption^
...long tons.. 16,463
Imports, including latex and Guayule§
do
176,771
Stocks, end of month},do
Synthetic rubber:*
62,145
Consumption.
_
do
Exports
do
Production
do
63, 388
Stocks, end of month
_
do
92,045
Reclaimed rubber:^
Consumption
do
21,552
Production
do
24,884
Stocks, end of month
do
35, 470
8,995
9,358
103, 219
7,698
10, 509
103, 504
7,392
11,206
105, 594
5,799
11,164
111,385
7,206
11, 606
118,085
7,575
8, 185
12, 213 14,045
117, 543 118, 715
58, 627
7,851
78, 702
203, 018
52, 571
11, 969
78, 650
218, 539
54, 439
10,914
69, 703
224,117
45, 479
3,839
63, 754
239, 683
58, 667
1,621
47, 317
226, 550
56, 227 56,112
63, 770
74,214
5, 675
8,024
5,403
6,430
17,726
48, 634 46, 593 56,089
60,363
51,848
214, 289 203,454 177,051 144,427 115,310
19, 873
20, 187
34, 353
15,976
17,033
34, 574
18, 663
18, 804
33, 881
17, 365
17, 246
32, 439
22,185
22, 044
31,103
20, 263
20, 560
30, 541
19, 590
20, 632
28,1^5
22,031
24,458
29,099
20,702
23,187
30,216
191
3,434
3,327
452
1,689
190
3,054
2,941
407
1,799
124
3,656
3,332
382
2,072
94
3,432
3,446
346
2,003
64
4,700
4,369
450
2,352
90
4,660
4,436
634
2,992
93
4,818
4,297
378
3,003
96
5,973
5,547
576
3,338
113
3,104
3,008
2,601
125
3,050
2,959
2,597
103
3,240
3,044
2,784
92
3,061
3,063
2,708
60
4,274
3,924
3,175
4,245
4,023
3,387
3,959
3,636
3,671
97, 395
16,914
17,867
6,262
28,109
182, 831 170,763
70,703
12,931
66,014
101, 510
70,914
13,145
66,044
93, 447
22,075
25,136
31,436
22,396
23, 930
31,732
22,162
25,322
33,554
111
5,801
5,468
476
3,487
6,686
6,621
730
3,392
196
6,883
6,989
1,105
3,304
245
7,061
7,032
1,259
3,377
5,296
4,286
4,048
108
4,874
4,386
4,418
155
5,840
5,649
4,519
169
6,114
6,079
4,190
208
6,463
6,278
4,373
115, 440
129,204
143,919
161, 776
151, 292
TIRES AND TUBES
P n e u m a t i c casings:§
Exports.
Production
Shipments
Original equipment
Stocks, end of month
Inner tubes:§
Exports
Production
Shipments
Stocks, end of month
...thousands..
do
do
do
do
do
do
do
do
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and cloth, shipments
reams.. 147, 807
140,312
123,662
116,468
99,700
98,121
100,311
PORTLAND CEMENT
9,921
Production
thous. of b b L . 14, 489 ' 8, 929
9,237
9,826
11,104
12,172
9,772
r 9,635
9,250 ' 11, 305
12, 650
10,705
Percent of capacity
73
49
45
50
45
55
47
50
64
59
54
48
55
Shipments
-thous. of b b L . 14, 558 r 10.083
11,467
11, 211
10, 283
13, 303
7,391
7,853 ' 12, 718
15,369
10,342
6,112
16,083
11, 888
Stocks, finished, end of month
do
14,695
18,535
15,966
12, 385
17,486
18,653 «• 20,034
15,972
12,763 ' 16,423
M
l
,
956
18,651
4,912
Stocks, clinker, end of month
do
4,572
5,273
4,109
4,556
4,808
5,304
5,824
6,013
4,022
4,463
' 5, 111
6,330
' Revised, cf See note in April 1946 Survey.
SData continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1946 for exports and January 1942-February 1945
for the other series will be published later.
JIncludes natural gasoline, cycle products, and liquefied petroleum gases at natural gasoline plants, and benzol. Sales of liquefied petroleum gases for fuel and for chemicals
and transfers of cycle products, shown separately above, are deducted before combining the data with straight run and cracked gasoline to obtain total motor fuel production.
^Data are from the Civilian Production Administration and continue similar series from the Rubber Manufacturers Association published in the 1942 Supplement; the coverage
is complete. Data for November 1941-February 1945 will be published later.
*New series. Exports are from the Bureau of the Census; other series are compiled by the Civilian Production Administration and the coverage is complete. Data prior to
March 1945 will be shown later.
fSee note marked "f" on p. S-36 regarding revisions in the indicated series for petroleum products. Data for asphalt roofing have been published on a revised basis beginning in
the April 1945 Survey; see note in that issue.
S-38
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
June
1946
August 1946
1945
June
July
1946
SepNovem- Decemtember October
ber
ber
August
January
February
March
April
17. 328
336,647
335,804
188,346
17. 369
368,587
361,128
196,460
May
STONE, CLAY, AND GLASS PRODUCTS—Continued
CLAY PRODUCTS
Brick, tin glazed:
Price, wholesale, common, composite, f. o. b. plant
dol. per thousProduction*
thous. of standard brickShipments*
_
do...
Stocks. end of month*
_.dQ—Unglazed structural tile:*
Production
short tons.
Shipments
..
_-do__.
Stocks
_-.
do._.
Vitrified clay sewer pipe:*
Production.
-do._.
Shipments
do._.
Stocks
_
do...
17.932
15.415
183,310
197,987
203,413
15. 621
191.489
203,676
191.640
15.568
211,331
228,832
174,462
16.036
210,210
211,088
172,832
16.881
250,467
267,775
158,800
17.051
263,441
258, 591
160,563
17. 081
238,668
216,658
181,158
17.196
271, 639
271,601
179,875
17.213
279,265
271, 763
188, 343
62, 024
67, 558
91, 889
58, 497
67, 944
82, 401
61, 591
72, 569
71, 351
62, 406
69, 488
64, 423
67, 835
73, 779
59, 469
71, 471
74, 974
53, 844
62, 046
61, 549
54, 429
70,114
75, 298
49, 399
67,059
70,102
46, 434
53, 337
68, 348
166, 597
56, 363
70, 649
152, 369
58, 504
72,190
138, 712
60,105
71, 070
127,858
71, 927
80, 222
121, 270
73, 801
72, 585
119,196
71, 055
62, 329
128,470
84, 021
78,084
137, 583
8,711
8,832
694
2,298
690
933
835
2,084
671
303
323
8,710
8,534
817
2,224
561
852
838
1,821
691
307
423
3,988
9,270
9,253
1,073
2,568
548
757
891
1,945
740
329
402
3,806
8,995
8,743
1,170
2,420
450
744
865
1,963
687
305
139
3,835
9,693
871
2,998
607
719
1,123
2,109
838
337
90
3,815
8,978
8,668
592
2,707
505
624
1,126
2,006
742
312
52
3,857
8,603
7,968
561
2,533
467
564
1,087
1,773
648
302
34
4,331
9,890
9,644
679
3,041
415
801
1,161
2,355
752
353
89
4,392
8,985
8,847
615
2,775
399
801
1,152
2,052
667
317
67
4; 294
9,872
9,614
725
2,904
524
791
1,156
2,229
772
342
171
4,287
9,555
9,425
773
2,905
566
546
1,159
2,143
717
347
268
4,140
7,389
6,347
4,920
6,091
6,280
4,773
5,338
5,630
4,468
5,865
5,884
4,461
5,826
5,786
4,551
6,653
6,458
4,876
6,153
5,377
5,640
5,682
5,925
5,281
5,753
5,516
4,882
6,465
6,138
4,879
7,770
7,672
5,007
6,935
7,416
4,410
3,847
16,316
3,102
6,081
2,476
8,481
3,474
2,867
10,354
3,103
7,335
2,968
543
3,203
429
4,402
4,355
3,681
13,849
4,153
19, 292
4,100
18, 515
r
84,506 •• 88,610
82, 932 r 94,031
' 46,074 ' 40,484
r
56,113
54, 904
50,174 r 54, 267
142,248 145,937
»• 64, 400
r
67,941
142,146
GLASS PRODUCTS
Glass containers:!
Production _.
thous. of gross.
Shipments, domestic, total
___
__do___
Narrow neck, food
„
do...
Wide mouth, food (inch packers tumblers) __.do—
Beverage
--.do...
Beer bottles.
do...
Liquor and wine
_do_._
Medicinal and toilet
do
General purpose (chem., household, indus.)_-do
Dairy products
do—
Fruit jars and jelly glasses
.
_
do
Stocks, end of month
___„...._..„_.
do
Other glassware, machine-made:
Tumblers;t
Production
.....
thous. of doz_.
Shipments
do—
Stocks
do—..
Table, kitchen, and householdware, shipments t
thous. of doz..
Plate glass, polished, production
thous. of sq. ft..
GYPSUM AND PRODUCTS
Crude gypsum:
Importsd1
Production
Calcined, production
Gypsum products sold or used:
Uncalcined..
Calcined:
For building uses:
Base-coat plasters
Keene's cement
All other building plasters
Lath
Tile
Wallboarde
Industrial plasters.
8,991
8,680
865
2,502
653
415
1,059
1,899
663
280
346
3,729
short tons..
do—
do
88,039
906, 796
603,491
180,257
959, 097
628,871
233,059
1,087,495
701,797
42, 721
1,143,238
828, 731
.-do—
256,707
276,969
340,697
358,643
-do..-.
-do. ..
do -.
thous. of sq. ft-.
do. .
-do
.short tons-.
152,961
293
50^82
130,990
4,690
388,094
58, 249
174,497
3,591
54,580
145,356
4,717
374,430
52,485
204, 791
4,596
69,614
206, 823
fi, 047
365,183
35,660
265, 675
6,589
85, 952
242, 917
5,164
408,149
48, 568
-
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
thous. of dozen pairs.Shipments
._.do
Stocks, end of month
.do
I
12. 968
13,118
16,311
11,256
11,639
12, 303
9,627
9,256
12, 660
11,251
11,290
12, 506
11,042
10, 803
12, 609
12, 450
12, 008
12,886
11,443
10, 704
13. 551
9,999
9,137
14, 355
13,131
12, 751
14, 734
12, 235
11, 938
15, 032
12, 976
12,613
15, 394
COTTON
Cotton (exclusive of linters):
Consumption
bales. . 792, 661 785, 945 672, 973 739,811 701,000 759, 806 743,450 651, 784 811,368 746, 594
295,416 309, 501 187, 851 244, 318 194, 616 297, 023 214,928 293,166 250, 482
Exported*
do
12, 978
21, 792
14, 587
25, 845
9,947
57, 595
9,823
19,199
35, 899
Importscf
do
.260
.230
.209
.224
Prices received by farmerst
dol. per lb__
.223
.213
.213
.217
.225
Prices, wholesale, middling, l M«". average, 10 markets
.292
.227
.245
.247
.258
dol. per lb—
.231
.224
.226
.225
.239
Production:
7,734
8,027
Ginnings§
.thous. of running bales
5,154
461
133
2,176
7,384
Crop estimate, equivalent 600-lb. bales
thous. of bales..
Stocks, domestic cotton in the United States, end of
month:t
8,250
5,318
9,117
8,306
7,778
9,145
10,556
9,348
10,447
9,900
Warehouses
thous. of bales.
1,690
1,852
2,137
2,295
2, 305
2,179
2,311
1,989
1,909
1,778
Mills
do—.
Cotton linters:
83
84
77
91
119
104
84
85
Consumption
do—
74
171
16
40
134
39
36
166
140
88
Production
do—
274
351
408
475
292
278
333
482
451
Stocks, end of month
.._.
do
'Revised.
i Total ginnings of 1945 crop.
§ Total ginnings to end of month indicated.
cf Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
© Includes laminated board reported as component board; this is a new product not produced prior to September 1942.
X For revised figures for cotton stocks for August 1941-March 1942, see p. S-24 of the May 1943 Survey. The total stocks of American cotton in the United States on July 31,1945,
including stocks on farms and intransit, were 11,040,000 bales, and stocks of foreign cotton in the United States, 124,000 bales.
t Revised series. See note marked " t " on p. S-34 of the July 1944 Survey regarding changes in the data on glass containers and comparable figures for 1940-42; data for JanuaryOctober 1945 were compiled by the War Production Board; subsequent data are from the Bureau of the Census. Data for tumblers have been revised to include data for 8 companies
and for table, kitchen, and household ware to include 6 companies; comparable data beginning January 1944 will be shown later. The farm price of cotton has been revised for August
1937-July 1942; for revisions see note marked " t " on p. S-35 of the June 1944 Survey.
* New series. Data are compiled by the Bureau of the Census and cover all known manufacturers; data beginning September 1942 for brick are shown on p. 24 of the February
1945 issue; data beginning that month for other series will be published later.
August 1946
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1946
June
S-39
1946
1945
June
July
DecemOctober NovemAugust September
ber
ber
January
February
March
April
May
TEXTILE PRODUCTS—Continued
COTTON MANUFACTURERS
Cotton cloth:
Cotton broad woven goods over 12 inches in width,
production, quarterly*
mil. of linear yards_Cotton goods finished, quarterly:*
Production, total
do
|
Bleached.
_
do
Plain dyed
do
Printed
_
.
do
Exports§—
thous. of sq. y d s . .
Imports§
do
Prices, wholesale:
22.01
Mill margins,
cents per lb_.
.256
Denims, 28-inch
dol. per yd._
.114
Print cloth, 64 x 66tf
do....
.138
Sheeting, unbleached, 36-inch, 56 x 66©
do
Spindle activity:
Active spindles
.thousands... 21,943
8,787
Active spindle hours, total.
mil. of h r . . .
368
Average per spindle in place
hours..
115.1
Operations
percent of capacity _.
Cotton yarn, wholesale prices:
Southern, 22/1, cones, carded, white, for knitting(mill)f
.543
dol. per l b . .
.672
Southern, 40s, single, carded (mill)
do
RAYON AND MANUFACTURES
Yarn and staple fibers:
Consumption:
Yarn
.mil. oflb..
51.8
Staple
fiber
do
14.0
Imports§._
thous. o f l b . .
Prices, wholesale:
Yarn, viscose, 150 denier, first quality, minimum
.550
filament.
dol. per l b . .
Staple fiber, viscose, 1H denier
_do
.250
Stocks, producers', end of month:
7.1
Yarn
mil. oflb..
1.9
Staple
fiber
_do..._
Rayon goods, production, quarterly:*
Broad woven goods
.thous. of linear yards..
Finished, total..
do
White
finished..
_
do
Plain dyed
do
Printed
do
WOOL
Consumption (scoured basis):!
Apparel class
thous. oflb
Carpet class
...do..
Imports§__
_
...do..
Prices, wholesale:
.995
Raw, territory, 64s, 70s, 80s, fine, scoured*..dol. per lb._
.465
Raw, bright fleece, 5fis, greasy*
do...
Australian, 64-70s, good top making, scoured, in bond
.745
(Boston)t
—.dol. p e r l b . .
Stocks, scoured basis, end of mo., totalt----thous. of lb
Wool finer than 40s, total.
.do...
Domestic.
do...
Foreign.
do...
Wool 40s and below and carpet
do...
WOOL MANUFACTURES
Machinery activity (weekly average) :5
Looms:
Woolen and worsted:
Broad
thous. of active hours.Narrow
do.
Carpet and rug: #
Broad
_
do.
Narrow
do.
Spinning spindles:
Woolen.
do.
Worsted
do.
Worsted combs
do.
Woolen and worsted woven goods (except woven felts):*
Production, quarterly, total...thous. of linear yards
Apparel fabrics
do..
Men's wear...
.
do..
Women's and children's wear
do
General use and other fabrics
do
Blankets
do.
Other nonapparel fabrics
_
do
Wool yarn:
Production, total*
_
thous. o f l b . .
Knitting*
_
do.
Weaving*
do.
Carpet and other*.
do.
Price, wholesale, worsted yarn/2/32s (Boston)
dol. per lb_.
1.900
r
2,270
2,008
'2,062
2,251
' 1,733
822
617
••294
56, 730
8,343
62,927
7,850
49, 031
7,610
68, 789
5,934
1,555
778
457
320
52,756
2,920
59, 618
3,131
60,474
2,532
1,732
839
477
416
71,472
4,840
65,154
7,100
73,107
4,205
19.92
.209
.090
.114
20.04
.209
.090
.114
56, 999
11.169
20.28
.209
.090
.114
1,428
723
459
246
57,951
9,452
22.41
.216
.092
.117
21.85
.223
1.099
.120
21.16
.223
.099
.120
20.61
.223
.099
.120
20.68
.223
.099
.120
19.49
.223
.099
.120
22.53
.248
.110
.133
23.09
.256
.114
.138
23.73
.256
.114
.138
22,189
9,240
399
118.8
22,029
7,926
343
102.0
22.170
8,793
370
100.5
21,912
8,371
352
111.8
21, 722
9,143
383
105.0
21,605
8,672
364
104.6
21, 552
7,733
325
101.5
21,630
9,489
399
110.7
21,629
8,497
357
113.1
21,957
9,103
382
101.7
21,973
9,133
383
109.7
21,958
9,558
401
110.5
.451
.568
.451
.451
.470
.470
.470
.592
.470
.592
.470
.592
.476
.592
.504
.627
.525
.646
.543
.672
50.6
13.4
0
13.7
(
50.5
12.7
0
47.9
11.9
53.2
15.1
1,000
52.8
14.8
0
50.7
14.5
1,441
55.7
14.0
1,492
50.2
13.3
1,426
58.3
16.8
2,943
56.6
14.8
2,141
'fc56.9
15.9
1,887
.550
.250
.550
.250
.550
.250
.550
.250
.550
.250
.550
.250
.550
.250
.550
.250
.550
.250
.550
.250
.550
.250
.550
.250
6.0
3.0
6.1
3.8
5.6
4.4
6.0
4.8
7.3
4.6
7.7
3.9
7.3
3.1
8.3
4.1
10.0
4.0
9.2
1.9
9.3
2.3
8.7
'2.1
50,424 '61,635
10,352 '11,465
113, 543 126, 519
48, 260
9,612
91,793
.995
.465
.995
.465
.745
390, 383
397,045
54,547
263,466
'79,032
354, 498
350,609
5,699
232,870
'69,040
51, 456
2.980
41,997
48,920
3,010
42,501
37,788
4,332
45,708
39,004
5,828
39, 303
51,540
8,600
40,332
6,368
50,365
7,436
45,988
1.190
.545
1.190
.545
.745
1.190
.545
.755
1.190
.545
1.190
.545
1.190
.545
1.035
,485
.755
443, 434
359,935
208, 246
151,689
83,499
.755
.755
.758
483, 019
360, 224
211,826
148, 398
122, 795
2,424
79
1,865
64
2,045
69
2,050
75
2,182
75
2,183
78
44
31
32
24
87,142
76,017
175
49
34
82
50
78
64
71
59
2,175
78
79
67
101, 419 105,340
84,616 95,919
193
170
107,360
103,739
195
108,656
100,415
188
.745
406,603
332, 57&
194,450
138,12fi
74,027
113,809
93, 426
205
107, 963
87,818
44,063
32,097
11, 658
17, 977
2,168
127,786
98,500
61,420
22,342
14,738
27,696
1,590
73,352
14, 436
54, 646
4,270
69,480
14, 490
51,065
3,925
1.900
1.900
63, 660 63.504
12, 756 12, 000
46,286 45,052
6,452
4,618
1.900
1.900
433,551
433,57"
53,127
286,851
93,600
397,368
380,194
43,541
259,718
76,935
53,995
10,100
106,619
47,708
9,916
78,514
1.035
.485
.755
1.025
.755
.755
491,512
377,658
221,188
156,470
113,854
.747
2,276
72
2,480
81
2,582
85
' 2, 586
'79
.465
101
95
83
103
79
'79
74
68
105, 388 109, 462 120,378 122, 334 119,955
97,801 102, 327 112,677 115, 501 114,045
226
186
197
'224
220
118,956
108,661
214
142,135
121,914
51,948
55,037
14,929
12, 774
7,447
124, 501
107,163
44,566
49,587
13,010
11,387
5,951
81,600
14, 780
'57,321
[,9,499
64, 508
11,700
45,416
7,392
62, 240
10,864
'43,581
'7,795
82,775
14, 775
57,272
10,728
74,204 '77,300
13,460 '14,052
50,656 '52,740
10,088 10, 508
1.900
1.900
1.900
1.900
1.900 I 1.900
• 94, 390 74, 712
' 17,110 13, 832
' 64, 650 50,960
• 12,630 9,920
1.900
1.900
Revised, i See note marked "<?". IData for July and October 1945, January and April 1946 are for 5 weeks; other months, • weeks. 2 Less than 1,000 pounds.
§Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
cf Data beginning October are for 64 x 60 cloth and continue the series for which prices through June 1943 were shown in the October 1943 Survey (this construction was discontinued during the war period); the price of 64 x 56 cloth was $0,096 for October 1945-February 1946 and $0,107 for March 1946.
©This series was substituted in the November 1943 Survey for the price of 56 x 60 sheeting, production of which was discontinued during the war period.
•Data through August 1945 exclude activity of carpet and rug looms operating on blankets and cotton fabrics.
fRevised series. For 1941 data for the yarn price series, see p. S-35 of the November 1942 issue. Wool stocks have been published on a revised basis beginning 1942 (see p . S-35
of the May 1943 Survey); data include wool held by the Commodity Credit Corporation but exclude foreign wool held by the Defense Supplies Corporation.
*New series. For data beginning 1943 for production of cotton cloth and a brief description of the data, see p. S-35 of the August 1944 Survey; earlier data will be shown later.
For earlier data for cotton and rayon goods finishing, see p. 23. Rayon broad woven goods production, and wool yarn production are from the Bureau of the Census and represent
virtually complete coverage; data beginning in 1943 will be shown later. Data beginning 1939 for the price of raw territory wool are shown on p. 24 of the February 1945 Survey.
Data beginning 1936 for the price series for Australian wool, which is from the Department of Agriculture, will be shown later; prices are before payment of duty. For available
data for 1937-43 for woolen and worsted goods production, see p. 19 of the May 1945 Survey.
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1945
1946
June
August 1946
June
July
August
September
1946
October
Novem- December
ber
January
February
March
April
May
TEXTILE PRODUCTS—Continued
MISCELLANEOUS PRODUCTS
Fur, sales by dealers
tbous. of dol_
Pyroxylin-coated textiles (cotton fabrics): §
Orders, unfilled, end of month
tbous. lin. yd_
Pyroxylin spread
--thous. oflb.
Shipments, billed
_
thous. linear yd.
5,263
3, 662
3,787
3,210
7,6S9
5,778
3,217
8,577
7,134
5,187
7,050
10,181
4, 523
5, £39
10, 646
3,938
5,147
10, 604
4, £05
6,673
12, 670
5,505
6,119
11,608
6,398
7,673
12, 038
6, 686
8,485
11,609
6,036
6,864
12, 786
6, 754
8,345
13,137
6,129
7,571
13,035
6,301
7,713
13, 606
6,811
8,650
TRANSPORTATION EQUIPMENT
MOTOR VEHICLES
Exports, assembled, total ^
Passenger cars T__
_
Trucks 1Production:*
Passenger cars.
Trucks and truck tractors, total.
Civilian, total
Heavy
Medium
Light..
--Military
...number.
do...
.do...
.do
..do
do...
...do...
do...
do...
do...
15,001
124
14,877
18,911
129
18,782
15,688
174
15, 514
5,370
196
5,174
4,331
238
4,093
7,956
430
7, 526
8,604
824
7,780
10.266
2,962
7.304
12,289
2, 350
9.939
13, 285
4,001
9,284
18,999
6,312
12,687
58,739
58,739
4, 066
18, 608
36, 065
0
0
66,456
23,131
5, 592
12,017
5,522
43, 325
359
54, 563
21,394
4,843
12, 558
3,993
33,169
1,381
44, 779
27, 532
5,398
16, 851
5,283
17,247
580
31,572
30,106
6,036
17, 830
6,240
1,466
16,839
42,225
40,900
5,654
25,982
9,264
1,325
34, 612
53, 634
53,103
5,437
30,754
16,912
531
30,022
29, 542
28, 792
5,054
11,132
12,606
750
58,575
54,864
54, 791
6,278
23,956
24, 557
73
47, 965
28, 692
28, 594
4.4/0
9,880
14,244
98
90,045
39, 359
39, 348
2,433
16,990
19,925
11
150,206
81, 282
81, 280
5,802
44,047
31,431
2, 662
2,094
56
56
4,933
3,428
31
31
4,256
2,316
37
37
4,348
2,414
24
24
2,263
2,046
8
8
2,605
2,361
60
60
2,019
1,689
186
186
2,155
1,674
491
491
3,474
2,202
494
494
2,411
1,664
9
9
2,460
2,325
21
21
4,038
3,181
240
240
1,749
78
4.7
36, 058
28,683
7,375
1,769
65
3.8
27,968
23, 429
4,539
1,773
68
3.9
32,058
25.988
6,070
1,771
70
4.1
37,398
31, 674
5,724
1,769
75
4.4
37,468
31,687
5,781
1,767
70
4.1
37,136
31, 587
5,549
1, 765
69
4.1
35,172
29, 334
5,838
1,760
72
4.3
36, 426
30, 911
5,515
1,757
71
4.2
36, 471
29, 002
7,469
1,757
74
4.4
37, 572
30, 345
7,227
1,755
75
4.4
38, 650
29, 947
8,703
1,753
76
4.5
38,151
29,687
8,464
3,179
8.3
2,303
5.9
2,420
6.2
2,514
6.4
2,562
6.5
2,662
6.8
2,662
6.8
2,555
6.6
2,834
7.3
2,944
7.6
3,075
8.0
3,145
8.2
111
86
25
397
370
27
136
102
34
109
82
27
387
364
23
116
90
26
107
80
27
405
388
17
85
63
22
129
84
45
406
389
17
40
15
25
117
75
42
403
389
14
46
29
17
104
67
37
380
367
13
144
122
22
92
64
28
379
369
10
270
160
110
81
57
24
373
363
10
222
156
66
85
57
28
378
368
10
163
125
38
82
57
25
412
402
10
216
172
44
74
52
22
416
406
10
262
172
90
372
355
17
246
229
17
322
313
9
246
239
7
325
319
6
195
191
4
159
156
3
146
142
4
148
148
0
154
148
6
219
211
8
142,313
RAILWAY EQUIPMENT
American Railway Car Institute:
Shipments:
Freight cars, total
numberDomestic
do...
Passenger cars, total}
_do.._
Domestic}
_
_.do
Association of American Railroads:
Freight cars, end of month:
Number owned...
thousandsUndergoing or awaiting classified repairs...do -_
Percent of total on line
Orders, unfilled
cars.
Equipment manufacturers
_
do.._
Railroad shops
do...
Locomotives, end of month:
Steam, undergoing or awaiting classified repairs
number.
Percent of total on line
Orders unfilled:
Steam locomotives, total.number.
Equ ipment manufacturers
do...
Railroad shops
.do...
Other locomotives, total*
...do...
Equipment manufacturers*
...do
Railroad shops*
.do...
Exports of locomotives, total J.
do
Steam 1
do—
Others
.do...
INDUSTRIAL ELECTKIC TRUCKS AND
TRACTORS
Shipments, total
numberDomestic
do
Exports
...do...
70
16
529
515
14
•
CANADIAN STATISTICS
Physical volume of business, adjusted:
Combined indext
1935-39=100
Industrial production, combined indexf
do
Constructiont . . . do
Electric power
. ...___
do
Manufacturing! -do
Forestry!
- do
Mining}
-- -_ _ do .
Distribution, combined index f
do
Agricultural marketings, adjusted:!
Combined index
do
Grain
- - - do
Livestock
_ .
.do
Commodity prices:
Cost of living
. _. .
. _
do._
Wholesale prices
1926=100..
Railways:
Carloadings.
^-~
thous. of cars..
Revenue freight carried 1 mile
mil. of tons..
Passengers carried 1 mile
mil. of passengers..
219.5
236.2
168.4
164.1
252.5
124.5
174.6
191.0
213.7
230.1
172.2
161.3
248.9
125.0
160.9
179.7
212.7
226.5
147.1
154.6
247.6
125.2
156.2
184.0
205.3
223.9
163.5
146.3
244.1
123.8
150.4
166.8
194.5
210.8
138.5
144.8
231.9
133.2
132.9
160.7
189.9
197.7
195.7
139.7
211.0
135.1
130.6
173.7
193.0
194.5
231.0
141.8
206.3
134.5
114.0
189.8
195. 4
193.9
247.8
151.8
202.8
138.4
119.7
198.7
181. 2
188.2
" 252.1
152.9
197.9
150.7
98.1
166.7
191.4
199.0
425.4
155 6
190.7
146.9
143 5
175.9
192.8
197.9
423.1
164 1
189.9
144 0
142 0
182. 3
184 3
189.6
302 6
166 5
186 9
143 2
155 8
173.4
165.0
176.4
115.6
312.7
351.1
144.4
84.2
74.0
128.6
51.3
35.7
119.0
70.6
59.4
136.6
117.1
105. 6
166.9
100.0
82.5
176.1
163.7
168.9
140.9
68.8
52.5
139.2
66.0
54 3
117 0
124.6
129 9
101 4
160.5
177 7
86 0
119.6
104.0
120.3
104.6
120.5
104.0
119.9
103.3
119.7
103.6
119.9
103.9
120.1
103.9
119.9
104.6
119.9
105.2
120.1
105.6
120 8
108.2
122 0
108.6
322
5,919
622
306
5,692
735
314
5,251
706
300
5,159
569
341
5, 495
498
322
5, 298
425
272
4,803
465
283
4,644
424
263
4,215
392
302
4,981
412
282
296
r
Revised.
t Data for October 1945-January 1946, and April 1946, include converted troop kitchens and troop sleepers.
§ Data for several additional companies are included beginning July or August; see note in the April 1946 Survey for July and August figures excluding these companies and
information regarding an earlier revision in the series.
T The export series, except data for total locomotives and other locomotives, continue data formerly published in the Survey but suspended during the war period; "other locomotives" has been revised to include internal combustion, carburetor type, Diesel-electric and Diesel in addition to electric locomotives and the total revised accordingly. The series
include railway, mining and industrial locomotives. Data through February 1945 for the revised series and for October 1941-February 1945 for other series will be published later
*New series. See note in September 1945 Survey for a description of the series on production of trucks and tractors; data beginning 1936 will be published later. Data on passenger
car production are from the Civilian Production Administration and cover the entire industry; there was no production April 1942-June 1945. Data for unfilled orders of "other
locomotives" are for class I railroads and include electric, Diesel-electric, and Diesel; data beginning 1939 will be shown later.
tRevised series. The Canadian index of construction has been shown on a revised basis beginning in the August 1945 Survey, the mining index beginning in the April 1944 issue
and the other indicated indexes beginning in the December 1942 issue; see note in April 1946 Survey for the periods affected.
U. S. GOVERNMENT PRINTING OFFICE: 1 9 4 6
INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40
CLASSIFICATION OF SECTIONS
Monthly business statistics:
Business indexes
Business population
Commodity prices
Construction and real estate
Domestic trade
Employment conditions and wages
Finance
Foreign trade
Transportation
and
communications
Statistics on individual industries:
Chemicals and allied products
Electric power and gas
Foodstuffs and tobacco
Leather and products
Lumber and manufactures
Metals and manufactures:
Iron and steel
Nonferrous metals and products
Machinery and apparatus
Paper and printing
Petroleum and coal products
Rubber and rubber products
Stone, clay, and glass products
Textile products
Transportation equipment
Canadian statistics..
_--
CLASSIFICATION
BY
INDIVIDUAL
Page
S 1
S~3
S3
S 5
S-6
S-9
S-15
S-20
S-22
S-23
S 26
S-26
S-30
S-31
S-32
S-33
S-34
S-35
S-36
S-37
S-37
S-38
S-40
S-40
SERIES
Pages marked S
Abrasive paper and cloth (coated)
37
Acids
_
23
Advertising
6, 7
Agricultural income, marketings
1
Agricultural wages, loans
14,15
Air mail and air-line operations
7,23
Aircraft
2,10,11,12,13,14
Alcohol, denatured, ethyl, and methyl
23, 24
Alcoholic beverages
1, 2, 26, 27
Aluminum
33
Animal fats, greases
24, 25
Anthracite
2,4,11,12,13. 14,36
Apparel, wearing... 4, 6, 7, 8,10,11,12,13,14,38, 39
Asphalt
_
--37
Automobiles.
1, 2,3, 6. 7,10,11,12,13,14,17
Banking
-15
Barley
27
Bearing metal
33
Beef and veal
29
Beverages, alcoholic
- - 1, 2, 26, 27
Bituminous coal
2,4,11,12,13,14,36
Boilers
33
Bonds, issues, prices, sales, yields
18,19
Book publication
35
Brass
33
Brick___
4,38
Brokers' loans
15,19
Building contracts awarded
5
Building costs
5,6
Building construction (see Construction).
Building materials, prices, retail trade
4,7,8,9
Business operating and business turn-over
3
Butter
27
Canadian statistics
—
16,17,40
Candy...
29
Capital
flotations
18
For productive uses
18
Carloadings
22
Cattle and calves
28
Cellulose plastic products
26
Cement._
1,2,4,37
Cereal and bakery products
4
Chain store sales
8
Cheese
27
Chemicals
1. 2,3,4, 10, 11, 13, 14, 17, 23, 24
Cigars and cigarettes
30
Civil service employees
11
Clay products (sec also Stone, clay, etc.)
1, 2,38
Clothing
4, 6, 7, 8, 10, 11, 12, 13, 14, 38
Coal
2,4,11, 12, 13,14,36
Coffee
29
Coke
_-_
2,36
Commercial and industrial failures
3
Construction:
New construction, dollar value
5
Contracts awarded
5
Costs
6
Highway
_
5,11
Wage rates, earnings, hours
12, 14
Consumer credit
15,16
Consumer expenditures
7
Copper
33
Copra and coconut oil
25
Corn...
28
Cost-of-living index.
4
Cotton, raw, and manufactures
2,
4,10,12,13,38,39
Cottonseed, cake and meal, oil
25
Crops
1,25,27,28
Currency in circulation
17
Dairy products
1,2,3,4,27
Debits, bank
15
Debt, short-term, consumer
. . . 15,16
Debt,
United States Government...
17
Pages marked S
Department stores, sales, stocks, collections..
8, 9
Deposits, bank
15, 17
Disputes, industrial
12
Distilled spirits
24, 26, 27
Dividend payments and rates
1, 19
Earnings, weekly and hourly
14
Eggs and chickens
1, 3, 4, 29
Electrical equipment
2, 3, 7, 34
Electric power production, sales, revenues
26
Employment, estimated
10
Employment indeves:
Factory, by industries
10, 11
Nonmanufacturing industries
11
Employment, security operations
12
Emigration and immigration
23
Engineering construction
5
Exchange rates, foreign
16
Expenditures, United States Government
17
Explosi ves
24
Exports
20, 21
Factory, employment, pay rolls, hours, wages.
9,
10, 11, 12, 13, 14
Failures, industrial and commercial
3
Fairchild's retail price index
4
Farm wages
14
Farm prices, index
3, 4
Fats and oils
4, 24, 25
Federal Government, finance
17, 18
Federal Reserve banks, condition of
15
Federal Reserve reporting member banks
15
Fertilizers
4, 24
Fire losses
6
Fish oils and
fish
25, 29
Flaxseed
25
Flooring
31
Flour, wheat
28
Food products
2,
3,4, 7,10,11,12,13,14, 17, 27, 28, 29
Footwear
_
2, 4, 7, 8,10,12,13,14,31
Foreclosures, real estate..
6
Foreign trade, indexes, shipping weight, value
by regions, countries, economic classes, and
commodity groups
20,21
Foundry equipment
.
34
Freight cars (equipment)
40
Freight carloadings, cars, indexes
22
Freight-car surplus
22
Fruits and vegetables
2,3,4,27
Fuel equipment and heating apparatus
34
Fuels
2,4,36,37
Furniture
1,4,10,11,12,13, 32
Gas. customers, sales, revenues
26
Gas and fuel oils
36
Gasoline
37
Glass and glassware (see also Stone, clay, etc.)Gelatin
24
Gloves and mittens
30
Glycerine
24
Gold
16,17
Goods in warehouses
7
Grains
_
3, 27, 28
Gypsum
38
Hides and skins
4,30
Highways
5, 11
Hogs
29
Home-loan banks, loans outstanding
6
Home mortgages
6
Hosiery
_
4, 38
Hotels
_
11,13, 23
Hours per week
11, 12
Hou9efurnishing8
4, 6, 7, 8
Housing
4, 5
Immigration and emigration
23
Imports
20, 21
Income payments
1
Income-tax receipts
17
Incorporations, business, new
3
Industrial production indexes
1, 2
Instalment loans
16
Instalment sales, department stores
8, 9
Insurance, life.
16
Interest and money rates
15
Inventories, manufacturers' and trade
3,8
Iron and steel, crude, manufactures
2,
3, 4, 10, 11, 12, 13, 17, 32, 33
Kerosene
37
Labor force
9
Labor disputes, turn-over
12
Lamb and mutton
29
Lard
_
_.
29
Lead.._
__
_
33
Leather
__
_ . 1, 2, 4, 10, 11, 12, 13, 30, 31
Linseed oil, cake, and meal
25
Livestock
_
1,3,28,29
Loans, real-estate, agricultural, bank, brokers'
(see also Consumer credit)
6,15, 17
Locomotives
40
Looms, woolen, activity
39
Lubricants
37
Lumber
1,2,4,10,11,12,13,31,32
Machine activity, cotton, wool
39
Machine tools
10,11,12,13,34
Machinery
1,2,3, 10,11,12, 13, 17,34
Magazine advertising
7
Manufacturers' orders, shipments, inventories.
2, 3
Manufacturing production indexes
1,2
Meats and meat packing. 1, 2, 3, 4, 10, 12, 13, 14, 29
Metals.
1, 2,3, 4, 10,11, 12, 13, 17,32, 33
Methanol
._
24
Milk
27
Minerals
2, 10,11, 12, 14
Money supply
17
Motor fuel
_
36,37
Motor vehicles
7,40
Pages marked S
Motors, electrical
34
Munitions production
2
Newspaper advertising
6, 7
Newsprint
35
New York Stock Exchange
19, 20
Oats
_
28
Oils and fats..
4, 24, 25
Oleomargarine
25
Operating businesses and business turn-over..
3
Orders, new, manufacturers'
2
Paint and paint materials
4, 26
Paper and pulp
2, 3, 4, 10, 11, 12, 13, 14, 35
Paper products
35
Passports issued
23
Pay rolls, manufacturing and nonmanufacturing industries
12, 13
Petroleum and products
2,
3, 4, 10, 11, 12, 13, 14, 17, 36, 37
Pig iron
32
Plywood
_
_
31
Porcelain enameled products
33
Pork
__
29
Postal business
7
Postal savings
15
Poultry and eggs
1, 3, 29
Prices (see also Individual commodities):
Retail indexes
4
Wholesale indexes
4
Printing
2,10,11,12, 13,14, 35
Profits, corporation
17
Public assistance
14
Public utilities
4, 5,11,12,13, 14,17,18,19, 20
Pullman Company
23
Pumps..
34
Purchasing power of the dollar
5
Radio advertising
6, 7
Railways, operations, equipment, financial statistics, employment, wages
11,
12, 13, 14,17, 18,19, 20, 22, 23,40
Railways, street (see Street railways, etc.).
Rayon, and rayon manufactures 2, 4,10,12,13,14,39
Receipts, United States Government
17
Reconstruction Finance Corporation, loans
18
Rents (housing), index
4
Retail trade, all retail stores, chain stores,
department stores, mail order, rural sales,
general merchandise
7, 8, 9
Rice
28
Roofing, asphalt
37
Rubber, natural, synthetic and reclaimed,
tires and tubes
37
Rubber industry, production index, employment, pay rolls, hours, earnings
2
3,4,10,11,13,14
Savings deposits
15
Sewer pipe and clay
38
Sheep and lambs
29
Shipbuilding
2,10,11,12,13, 14
Shipments, manufacturers'
2
Shoes..
1,4, 7, 8,10,12,13,14,31
Shortenings
25
Silver
17
Skins
_
30
Slaughtering and meat packing.. 2,10,12,13,14, 29
Soybeans and soybean oil
25
Spindle activity, cotton, wool
39
Steel and iron (see Iron and steel).
Steel, scrap
32
Stocks, department stores (see also Manufacturers' inventories)
9
Stocks, issues, prices, sales, yields
19, 20
Stone, clay, and glass products
1,
2,10,11,12,13,14,37,38
Street railways and busses
11, 12, 14
Sugar
29, 30
Sulphur
24
Sulfuric acid
23
Superphosphate
24
Telephone, telegraph, cable, and radio-telegraph carriers.
11, 12, 14,17, 23
Textiles
2,3,4,10, 11, 12, 13,14, 38, 39
Tile
38
Tin
33
Tobacco
2,11,12, 13.14,30
Tools, machine
10, 11, 12, 13, 14,34
Trade, retail and wholesale
— 7,8, 9, 11, 13,14
Transit lines, local
22
Transportation, commodity and passenger
22, 23
Transportation equipment
1,
2, 3, 9, 10,11,12, 13, 14,17, 40
Travel
_
22, 23
Trucks and tractors
40
Unemployment
9
United States Government bonds
17,18,19
United States Government,
finance
17, 18
United States Steel Corporation
33
Utilities4, 5, 9,12,13,14,17,18,19, 20
Variety stores
8
Vegetable oils
25
Vegetables and fruits
2,3,4,27
Veterans' unemployment allowances
12
Wages, factory and miscellaneous
13, 14
War program, production and expenditures
2, 17
War Savings Bonds
17
Warehouses, space occupied
7
Water transportation, employment, pay rolls. 11, 13
Wheat and wheat
flour
28
Wholesale price indexes
4
Wholesale trade
9
Wood pulp
4,34,35
Wool and wool manufactures.. 2, 4,10,12,13,14, 39
Zinc
33
/ lew Service
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