Full text of Survey of Current Business : August 1947
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AUGUST 1947
SURVEY OF
CURRENT
BUSINESS
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
Survey of
CURRENT
BUSINESS
VOLUME 27, No. 8
AUGUST 1947
(
Statutory Functions: "The Bureau of Foreign and Domestic Commerce...
to foster, promote, and develop the foreign and domestic commerce of
the United States'9 [Law creating the Bureau Aug. 23, 1912 [37 Stat. 408].].
Contents
Page
THE BUSINESS SITUATION
1
National Product and Income in the First Half of 1947. •
Redemption of Armed Forces Leave Bonds
STATE INCOME PAYMENTS IN 1946
4
7
9
STATISTICAL DATAi
Monthly Business Statistics.
Statistical Index
*
(
S-l to S-40
Inside back cover
Classification of
Statistical Sections
Business indexes
..........*•.....•
Business population
Commodity prices
Construction and real e s t a t e . . . . . . . . . . . . . .
Domestic trade.
Employment conditions and wages. .*.*..*
Finance
Foreign trade
Transportation a n d c o m m u n i c a t i o n s . . * . . *
Commodity sectionsi
C h e m i c a l s and allied products
Electric power and g a s
Foodstuffs and t o b a c c o . . . . . . . . . . . . . . . . .
Leather and p r o d u c t s . . . . . . . . . . . . . . . . . . .
Lumber and m a n u f a c t u r e s . . . . . . . . . * . . . .
Metals and m a n u f a c t u r e s :
g^ Iron a n d steel
•
N on ferrous metals and products
Machinery and apparatus
Paper and printing....
P e t r o l e u m a n d coal p r o d u c t s
Rubber and rubber p r o d u c t s .
S t o n e , c l a y , a n d glass p r o d u c t s . . . . . . . . . .
Textile products
Transportation e q u i p m e n t
Canadian statistics
Page
S—l
S-3
S-3
S—5
S-6
S—9
S-15
S-20
3*21
S-23
S-25
S—26
S-29
S—30
S-31
S-32
8-33
S—34
S-35
S-37
S-37
S—38
S-40
S-40
1 1 O 1(3—Contents of this publication are not copyrighted and [1
may be reprinted freely. Mention of source will be appreciated^ Jr
Published by the Department of Commerce, W. AVERELL IlARRIMAN, Secretary—Office of
Business Economics, AMOS E. TAYLOR, Director. Subscription price, including weekly
statistical supplement, $3 a year; Foreign $4. Single copies, 25 cents. Make remittances
direct to the Superintendent of Documents, United States Government Printing Office,
Washington 25, D. C.
Chart L-COMPOSITION OF GROSS
NATIONAL PRODUCT
BILLIONS OF DOLLARS
150
The
Business Situation
By the
Office of Business Economies
100
100
75
\ PERSO SJAL CONSUMPTION \
j LX PENDITURES^r^"^
75
i
50
50
25
25
o,
i
\
r
\
.0
25
GROSS PRIVATE *
.
DOMESTIC INVESTMENT I
0,
U
.j
\
L
, 0
_XP
,o
NET FOREIGN
0,
vCVJffiftSffiftl&y*'*'
100
75
50
25
25
j GOVERNMENT PURCHASES*
1945
'
J
1946
QUARTERLY TOTALS, SEASONALLY
ADJUSTED, AT ANNUAL RATE
*GOODS AND SERVICES.
755297—47
1947
47-400
IRMING of commodity prices during July was accompanied
F
by seasonal declines in retail trade and manufacturing
activity. At the same time, total employment was at a high
point, as a result of the summer rise in agriculture, construction,
and various service trades, and the flow of personal income was
being bolstered by further upward adjustment of wage rates.
With consumer, business, and foreign demand remaining relatively steady, apart from seasonal influences, and with Government purchases showing only minor variations, there was apparently little change—other than that resulting from the upward
drift of prices—in the aggregate value of production as the economy entered the second half of the year. In the second quarter
of 1947 gross national product was at an annual rate of 226
billion dollars, according to the estimates presented in this issue.
This dollar rate is somewhat higher than the war peak, reflecting the substantial price increases during the postwar period.
The recent advances in the weekly wholesale price index have
occurred not merely in the volatile farm and food sectors, but in
the industrial sector as well. Thus, the 3-month period of relative steadiness in the over-all price index for commodities other
than farm products and foods was terminated in July as new
increases were made effective for a wide range of industrial
products. Among the increases which will affect raw material
costs for an important segment of industry was the advance in
prices of principal steel products, amounting to about 6 dollars
a ton, on the average.
Inventory Rise Slackens, Foreign Investment Stepped Up
Data now available covering the second quarter show the
magnitude of the counterbalancing changes that served to sustain private expenditures. On the downside was the decline in
the rate of inventory accumulation which, on a national product
basis, dropped from an annual rate of 2.7 billion dollars in the
first quarter to 1.5 billion dollars in the second quarter. The
month-to-month changes in the book value of total business
inventories were minor in both May and June, with actual declines—largely seasonal—being recorded at the distributive level
in the 2 months.
On the upside, net foreign investment in the second quarter
rose to 10.6 billion dollars, at seasonally adjusted annual rates,
an increase more than sufficient to offset the drop in net inventory buying. Although the value of shipments abroad in June
was lower than in the 3 preceding months, it seems that the
decline was associated with the 3-day work stoppage at many
ocean ports.
Developments in International Field
There were two significant economic events in the international field in July: First, the establishment of convertibility of
sterling received by other countries in payment for exports of
1
SURVEY OF CURRENT BUSINESS
goods and services to the United Kingdom; and, second, the sale of debentures
by the International Bank for Reconstruction and Development.
The requirement to convert sterling
paid out on current transactions into
dollars or other "hard" currencies beginning with July 15, 1947, is part of the
loan agreement between the United
States and the United Kingdom which
was signed on July 15, 1946. The latest
step makes currently earned sterling balances generally transferable in world
trade even when the United Kingdom is
not a partner. Over the last several
months, however, the list of countries
whose sterling receipts could be converted had been gradually extended, so
that only very few additional countries
remained to be added when the deadline
of July 15th arrived. It is important to
note that the obligation to exchange
dollars for sterling does not apply to previous obligations, particularly to sterling
obligations incurred during the war, except in so far as specific agreements
with the creditor countries made them
convertible. At the present time the loan
arrangement with the United States is
meeting the current deficit, but these
dollar resources are being depleted at a
more rapid rate than contemplated at
the time the loan was negotiated, for a
variety of reasons. These include the
inability of the United Kingdom to meet
the projected export schedule at the
same time that increased prices of goods
obtained from the United States and
other countries raised the expenditures
for imports.
Initial Borrowing by International Bank
A new source of dollars for foreign
countries was opened up by the successful first offering in July of 250 million
dollars of debentures by the International Bank for Reconstruction and Development. Two types of bonds were issued in the amounts of 100 million
dollars at 2*4 percent for 10 years and
150 million dollars at 3 percent for 25
years. Both issues were admitted at
once to trading on the New York Stock
Exchange where they were quoted at a
premium.
The 250 million dollars would meet the
bank's requirements for the recently
granted loan to Prance in the same
amount. Further bond issues, and the
725 million dollars obtained from the
members' subscriptions (including 635
million dollars from the United States)
would be required to meet additional requirements when action is taken on further loan requests which so far amount to
over 2 billion dollars.
Construction Activity Up, Awards Lag
On the construction front, activity
continues to show the usual seasonal
gains, with the largest relative increases
occurring in residential building and
public highway construction. The cumulative dollar value of new construction
this year through July was 35 percent
above the value in the same period of
1946. The year-to-year gains in June
and July were 22 and 16 percent, respectively.
Both the number of new permanent
private dwelling units started and the
number completed in June were higher
than in the preceding month. June
"starts" totalled 75,000, probably the
highest for any month since the period
of the twenties, and completions were
63,000.
The value of contract awards for construction declined from May to June to
about the same volume as in March and
April, even though some rise is normally
expected during this season of the year.
For the first half of the year, the total
value of contract awards was about 10
percent below the value in the same
period a year ago. Awards for nonresidential building, due partly to official restrictions in effect this year, were almost
one-fourth less than last years' volume,
but contracts for public utilities and
heavy engineering construction were
running ahead of a year ago.
Little Change in Retail Sales
Retail sales have shown the least variation since the first of the year of all
elements in the total demand picture.
June sales, at a seasonally adjusted annual rate of 106 billion dollars, were at
about the same rate as in the 2 preceding months and 15 percent above the
figure for June 1946.
The major area of strength in the sales
picture continued to be in the durable
goods group. Sales at home furnishings
and building materials and hardware
stores advanced 10 and 5 percent, respectively, from May to June, after adjustment for seasonality. Automotive
dealers reported little change, however,
due to the lower volume of new car deliveries in the latest months.
Sales at nondurable goods stores were
generally unchanged in June, although
some falling off in business volume was
noticeable at eating and drinking places.
The year-to-year gain for the nondurable goods group was smaller than in
the preceding month even though food
sales in June 1946 were held down by
the limited meat supply.
Pick-up in Department Store Orders
As already noted, the accumulation of
inventories by department stores and
August 1947
other retail outlets was halted during the
second quarter of the year. This development came about as a result of the
shift in buying policy instituted by the
larger merchandisers in the latter part
of 1946, as a result of developments
which influenced other retailers with
some lag. Late this spring, however,
there was evidence that this policy had
produced the desired stock-sales ratios
in some segments so that new orders
began to pick up to a point more in line
with current sales. The widespread renewal of summer sales indicates the return of prewar policies of not carrying
over seasonal merchandise, but these
clearances are being accompanied by the
building up of fall stocks.
Federal Reserve Board statistics covering stocks, sales, and outstanding orders
of 296 large department stores indicate
an increase in new orders in both May
and June from the low point reached in
April. Although some pick-up in order
placing is customarily expected at this
time, the increase this year was larger
percentagewise than that which took
place between April and June a year ago.
The rise in new orders, in addition to the
low level of merchandise receipts in June,
brought about the first increase in total
outstanding commitments of these stores
since the first of the year.
Industrial Production Edges Downward
Industrial production continued to
edge downward in June and July, chiefly
as a result of slackening activity in some
nondurable goods manufacturing industries and the temporary slow down in
steel operations which stemmed from
uncertainty over the signing of the new
work contract in the coal industry. The
Federal Reserve Board seasonally adjusted index of nondurable goods manufacturing at midyear was about 5 percent below the first quarter average.
Durable goods manufacturing showed
only minor variations over the half-year
period, with supply difficulties still limiting the output of finished goods. Assemblies of passenger cars and trucks, for
example, dropped from 398,000 in June
to about 380,000 units in July, or 4 percent, despite the fact that there was one
more working day in the latter month.
On a daily average basis, output in July
was the lowest since January.
The dollar value of manufacturers*
shipments was lower in June than in the
preceding 2 months, but the index of
shipments, which is adjusted for the
number of working days, rose during the
month. Daily average shipments were
higher in both the durable and nondurable goods industries.
August 1947
SURVEY OF CURRENT BUSINESS
Seasonal Gains Lift Employment Total
As a result of influences largely seasonal in nature, total civilian employment increased in June, with approximately 60 million persons reported by
the Bureau of the Census as holding
civilian jobs, as compared with somewhat
over 56 million in June 1946.
The volume of employment is normally at a seasonal high in the summer
months, and the labor force also undergoes a rise as schools close down for the
vacation period. Thus, the 1.7 million
rise in employment from May to June
was acompanied by an increase in unemployment associated with these temporary entries. At 2,6 millions, unemployment was at the same level as a year
ago, but the Census week came several
days later this year and caught a larger
number of persons just out of school.
Farm work accounted for an increase
of 1.4 million jobs from May to June, as
employment in agriculture reached 10.4
million, 400,000 more than a year ago.
June was the second consecutive month
in which the number of farm workers
exceeded the number in the corresponding month of 1946.
Among the seasonal changes affecting
nonfarm employment, most important
were the further rise in construction employment and the advances scored in
mining, transportation, trade, and services. A further factor was the return of
the remaining telephone workers who
had been on strike.
INo Change in Factory Employment
Manufacturing employment, according
to Bureau of Labor Statistics estimates,
showed little change from May to June,
a period in which some seasonal increase
was to be expected. Thus, the seasonally
adjusted index continued the slow decline in evidence since March of this
year. It should be pointed out, however,
that the appropriate seasonal adjustments are sometimes difficult to determine because of changes in the longterm seasonal pattern of operations in
some industries.
Within manufacturing, the recent
changes have been comparatively small
and were largely in the nature of offsetting seasonal movements. Among the
industries reporting gains were food
processing and lumbering. The decline
in textile and apparel employment apparent since the early months of the year
appeared to have been about halted in
June. The small declines in such industries as radio, nonferrous metals, and
rubber, however, could not be ascribed to
seasonal factors.
Chart 2.—Weekly Insured Unemployment
MILLIONS OF PERSONS
J
A
S
O
1945
N
D
J
1946
F
M
A
M
J
J
A
1947
S
O
N
D
47-387
Source of data : Bureau of Employment Security, Social Security Administration.
Unemployment Rises Seasonally
The increase of almost 600,000 in the
persons unemployed in June occurred
primarily in the school-age brackets and
represented for the most part summer
job hunting by students just out of
school. Over the past twelve months unemployment has moved within the narrow range of from 1.9 to 2.6 million persons, with most of the variation accounted for by the seasonal shifting in
job opportunities.
As may be seen from chart 2, insured
unemployment in mid-July was slightly
under 2 million persons, a level which
has prevailed since early May. The insured unemployment statistics are derived from reports on continued claims
(i. e., all claims other than initial claims)
filed under the State and Railroad unemployment insurance programs and
under the Veterans' Unemployment Allowance program and are not directly
comparable with the Census estimates of
unemployment derived from the monthly sample survey of the labor force. The
more obvious differences between the two
sets of figures stem from the limited coverage of the unemployment programs,
the exhaustion of benefit rights, the
treatment of workers with jobs but not
at work, the handling of part-time workers, and the definition of unemployment.
The low point over the last year in the
number receiving State unemployment
benefits was reached in November 1946.
By the end of the year, the number had
risen to slightly over 1 million, and it has
remained above that level for the last 6
months. On the other hand, the number
of veterans receiving unemployment allowances has been declining almost
steadily for more than a year, as former
servicemen found peacetime occupations
in the active job market which has prevailed, or, in some cases, exhausted their
benefit rights. Some 760,000 were receiving veterans' allowances in mid-July,
as compared with 1.7 million a year
earlier.
Personal Income Moves Upward
Higher wage rates and farm product
prices were the principal factors responsible for the rise in personal income
in June to an annual rate of 193 billion
dollars, after seasonal correction, but the
termination of the strike in the telephone
industry also influenced the month-tomonth change. The rate was under 192
billion dollars in May and about 173
billion dollars in June of last year.
The contribution of increases in average hourly wage earnings to the rise in
personal income so far during 1947 is
described in the quarterly analysis of the
income flow which appears in a later
section of this review. Wage rate adjustments, affecting the cost of both
basic raw materials and fabricated products, have also influenced the recent upward move in industrial prices.
SUEVEY OF CURRENT BUSINESS
Wholesale Prices Top March Average
The advance in wholesale prices which
took place in July resulted from increases
in the three broad groups of commodities: farm products, foods, and industrial commodities. Unlike the price indexes for farm and food products, which
reached high points in March, receded
somewhat, and then rose again, the index for the nonfarm, nonfood group had
shown practically no change for 3
months prior to July.
New highs in fuel and lighting products prices, reflecting primarily the July
increase in bituminous prices, in addition to advances in the prices of iron
and steel products, leather, and hides
and skins accounted for most of the in-
crease in the industrial price average.
As a result of developments abroad,
crude rubber prices which had been under steady downward pressure earlier in
the year, moved forward again in July,
showing a net gain of 14 percent for the
month. It may be noted that the recent
price increases for steel and coal were
not fully reflected in the price indexes
during July.
The rise in prices of farm products
during July reflected for the most part
higher livestock and poultry prices. Late
June and early July declines in grain
prices were wiped out in following weeks
and by the end of the month grain prices
were again close to the postwar highs of
last March. Except for fruits and vegetables, prices of foods continued their
August 1947
rise, the wholesale food price index at
the end of July standing 3 percent above
the end-of-June level.
Prices of building materials continued
to edge down slightly in July, while substantially lower prices for oils and fats
and drugs and Pharmaceuticals reduced
the index of chemicals and allied products prices by 4 percent over the month.
Food Prices Lead Rise at Retail
On June 15, the BLS Consumers' Price
Index stood at 157 (1935-39 = 100). Most
of the increase of about 1 percent over
the index for the previous month was
attributable to the higher cost of food.
In the case of meats, for example, the
May-to-June advance averaged 6 percent
at retail.
National Product and Income in the First Half of 1947
In the second quarter of 1947, the gross
national product, which measures the
market value of the output of goods and
services produced by the Nation, was
flowing at an annual rate of 226 billion
dollars. This represented an increase
over the first quarter, but the rate of
growth had slackened as compared with
1946.
In terms of current dollars, the level
of production is at an all time high,
exceeding by 4 billion the war peak of 222
billion dollars reached in the first quarter
of 1945. To a considerable extent, however, these dollar values reflect higher
postwar prices. The volume of production—though far above prewar levels—
was below its wartime peak because less
urgent demand led to shorter hours of
work and withdrawals from the labor
force.
As can be seen from chart 3, the postwar dip in national product was small
and the recovery rapid. The major
forces responsible for maintaining economic activity in spite of the rapid
liquidation of war production can be
summarized with the aid of table 1.
Postwar Expenditure Pattern
Table 1, which compares the second
quarter of 1947 with the second quarter
of 1945, is similar to the table on the
"Nation's Economic Budget" published in
recent annual Budget messages of the
President and in his Economic Reports to
Congress. It represents a rearrangement of the basic national income and
product data so as to show the impact
of the four major sectors of the econ
omy — consumers, businesses, government, and foreign nations—upon the
flow of income and production. The
main difference between table 1 and the
regular gross national product statement
is that it shows not only the expenditures for gross national product by the
various sectors, but also their receipts
and net expenditures.
It can be seen from this table that in
the second quarter of 1947 personal con-
sumption expenditures—at an annual
rate of 159 billion dollars—accounted for
70 percent of total expenditures for gross
national product. In the second quarter
of 1945, immediately before the end of
the war, they constituted only 54 percent.
To put the comparison in a somewhat
different manner, in the second quarter
of 1947 individuals saved 11 billion dollars at annual rates out of a total disposable income of 170 billion. Two years
Table 1.—Receipts and Expenditures for Gross National Product by Major Sectors
of Economy, Second Quarter of 1945 and 1947; Seasonally Adjusted Quarterly Totals
at Annual Rates
[Billions of dollars]
Second quarter 1945
Receipts Expenditures
Persons:
Disposable income
_
Consumption expenditures
Net expenditures
Private business:
Undistributed corporate profits and other
reserves *_ .._ _
Gross domestic investment
Net expenditures
Rest of the world:
Net foreign investment
Government:
Receipts
Expenditures
Net expenditures
.
__ _
Adjustment for nongross-national-product
receipts
and expenditures 2 _
_
Gross National Product or Expenditure
152.9
19.1
118.8
76
-2.6
56.1
-7.9
220. 2
104.3
-7.9
220.2
Second quarter 1947
Net expenditures
Receipts Expenditures
170.1
—34 1
14.9
—11.5
28.8
10.6
—2.6
55.7
48.2
0
0
159.0
-14.7
226.0
42.3
-14.7
226.0
Net expenditures
-11.1
13.9
10.6
-13.4
0
0
1
Consists of undistributed corporate profits, corporate inventory valuation adjustment, capital consumption allowances,
and the statistical discrepancy.
2
Consists of Government expenditures other than for gross national product—viz., transfer payments, net interest
payments, and subsidies minus surplus of Government enterprises.
Note: The main difference between table 1 and the "Nation's Economic Budget" as published in recent annual
Budget messages of the President and in his Economic Reports to Congress lies in the treatment of Government receipts
and expenditures. The measurement of Government receipts and expenditures in table 1 conforms to national income
and product definitions (cf. footnote 1 to table 8 in the National Income Supplement to the July Survey of Current
Business); in the ''Nation's Economic Budget" the "Receipts from and payments to the public" concept is employed.
SURVEY OF CUEEENT BUSINESS
August 1947
Chart 3.—Gross National Product
BILLIONS OF DOLLARS
250
200 -
150 -
100 -
1945
5-
1946
1947
QUARTERLY TOTALS, SEASONALLY ADJUSTED,
AT ANNUAL RATE
47-399
Source of data: Office of Business Economics.
1947, American business and foreign
countries made a net addition of more
than 24 billion to the income stream.
This was offset by personal savings of 11
billion and a government surplus (calculated according to national income
definitions) of 13 billion. In the second
quarter of 1945, a Government deficit of
48 billion dollars was the main expansionary factor. Consumers, businesses,
and foreign countries had an excess of
receipts over expenditures offsetting the
government deficit.
Heavy postwar consumption and investment demand, bidding for a diminished labor supply in the framework of
a productive organization that had not
yet made a complete adjustment to postwar conditions, was sufficient in terms
of dollars not only to offset the sharp
reduction of government demand for war
output, but, in addition, to give rise to
Table 2.—National Income and Product,
First and Second Quarters of 1947
[Billions of dollars]
earlier, under the influence of wartime
incentives, shortages, and price controls,
they had saved 34 billion dollars, or three
times as much, out of a disposable income of only 153 billion. This postwar
shift in consumption outlays, influenced
to a considerable extent by the shortages
created by war, was one of the most important factors supporting economic activity at a high level after Government
demand for war output had been withdrawn.
The high volume of domestic business
investment has been another. As can
be seen from the table, domestic business investment, at an annual rate of 29
billion dollars, represented 13 percent of
gross national product in the second
quarter of the current year. In the second quarter of 1945 it amounted to only
8 billion, or 3 percent of total production.
It will be recalled, of course, that at that
time the capital formation privately
financed measured only a fraction of total additions to capital equipment.
The increase in net sales to foreign
countries, also rebuilding their peacetime economies, further added to the
postwar demand for the output of American business. In the second quarter,
the net demand on this score was 11 billion dollars, as contrasted with a negative
of 3 billion dollars two years earlier,
when the rest of the world was, on balance, a seller of goods to the United
States.
The shift in the situation is also shown
by the net receipts and expenditures of
each sector. In the second quarter of
Seasonallyadjusted,
at annual
rates
Unad*
justed
II
II
NATIONAL INCOME BY DISTRIBUTIVE SHARES
National income
Compensation of employees
Wages and salaries
Private
Military
Government, civilian, Supplements to wages
and salaries
Proprietors'
and rental income 2
Business and professional
Farm
Rental income of personsCorporate profits and inventory valuation adjustment
Corporate profits before
tax
Corporate profits tax
liability
Corporate profits after
tax
Inventory valuation adjustment
Net interest
Addendum: Compensation
of general Government
employees
48.9
30.9
29.5
24.9
1.2
3.4
0)
31.6
30.1
25.7
1.0
3.4
197.6 C1)
124.9 125.8
119.4 120.3
101.5 103.0
4.6
4.1
13.3 13.1
1.4
1.4
5.4
5.5
11.8
5.6
4.4
1.8
11.8
5.5
4.5
1.
47.0
22.4
17.6
7.0
47.0
21.8
18.0
7.2
5.5
0)
22.4
0)
7.1
C1)
29.0
C1)
2.9
0)
0)
11.6
4.3
0)
•0)
- 1 . 7 -1.0 - 6 . 6 -4.1
3.3
3.3
.8
.8
4.5
4.3
17.5
16.7
GROSS NATIONAL PRODUCT OR
EXPENDITURE
Gross national product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross pri\ate domestic
investment
New construction
R esidential nonfarm
Other
Producers' durable equipment
Change in business inventories
Net foreign investment
Government purchases of
goods and services
Federal
Less: Government sales-State and local
53.5
55.5 222.2 226.0
36.5
4.1
21.5
11.0
39.2 156.8 159.0
4.8 19.0 20.0
23.4 94.0 95.0
11.0 43.8 44.0
8.0
2.1
.9
1.3
6.5
2.4
1.0
1.3
1.7
2.3
-.3
2.7
6.7
4.4
.6
2.8
7.1
4.4
.5
3.1
29.6
10.3
4.4
5.8
28.8
9.5
4.1
5.4
17.8
2.7
9.2
26.6
17.
2.2
11.2
1.5
10.6
27.6
17.7
1.8
11.7
Table 2.—National Income and Product,
First and Second Quarters of 1947—
Continued
[Billions of dollars]
Seasonally
adjusted,
at annual
rates
Unadjusted
DISPOSITION OF PERSONAL
INCOME
Personal income
Less: Personal tax and nontax payments
Federal
State and local
Equals: Disposable personal
income
Less: Personal consumption
expenditures
Equals: Personal saving
48.0 190.9 191.6
8.1
.5
38.5
3.8
.41
21.4
19.8
1.6
21.6
20.0
1.6
44.3 169.4 170.0
36.5 39.2 150.8 159.0
2.0! 5.01 12.6 11.0
RELATION OF GROSS NATIONAL PRODUCT, NATIONAL
INCOME, AND PERSONAL
INCOME
Gross national product
53.5
Less: Capital consumption
allowances
2.9
Indirect business tax and
nontax liability
4.1
Business transfer payments
.1
Statistical discrepancy
-2.6
Plus: Subsidies less current
surplus of government enterprises
.0
48.9
Equals: National income
Less: Corporate profits and
inventory valuation adjustment
5.5
Contributions for social
1.5
insurance
Excess of wage accruals
.0
over disbursements
Plus: Government transfer
2.8
payments
Net interest paid by Gov1.1
ernment
Dividends
1.4
Business transfer payments
.1
Equals: personal income47.1
55.,
226.0
3.0
11.8
4.1 16.8
.1
.5
-4.5
0)
.0
16.6
.5
0)
.1
0)
-.2
197.6
0)
C1)
22.4
C1)
!
1.5
5.9
.0
.o!
.0
10.4
10.1
1.3
1.5
.1
5.9
4.5
4.5
6.2
6.2
.5
.5
190.9 191.6
1
2
Not available.
Includes noncorporate inventory valuation adjustment.
NOTE.—Amounts of less than 50 million dollars shown
as .0 in the table.
heavy inflationary pressures which after
the abolition of price controls pushed
prices up to the extent shown in chart 4.
As can be seen from this chart, the rise
in prices had levelled off in the few
months prior to June. Further price increases, however, have occurred recently
both in farm and industrial markets.
They have been called forth less by general demand factors than by particular
supply shortages and by increases in
costs.
In conjunction with the movement of
prices, the progressive slackening in
those types of demand which have propelled national output to its present levels is of particular significance. This
slackening is revealed by a study of the
main branches of the expenditure stream
summarized in the chart on the introductory page of this issue.
Inventory Rise Slackens
The behavior of business inventories
constituted one of the main contrasts
6
between the economic situation in 1946
and 1947. The year 1946 had been characterized by a rapidly increasing accumulation of inventories which reached
its peak in the last quarter of the year.
This accumulation slackened noticeably
in the first quarter of 1947. In the second quarter, the net increase, measured
in current prices, amounted to about 1%
billion dollars, as compared with a peak
rate of about bVz billion dollars in the
last quarter of 1946. The major part
of the reduction was due to a virtual cessation of inventory accumulation in retail and wholesale trade. The rate of
accumulation in manufacturing as a
whole was reduced much less sharply.
There occurred, however, a significant
change in the composition of manufacturing inventories. Whereas in 1946
stocks of purchased materials and goods
in process accounted for the bulk of the
increase, and finished products were of
decidedly smaller importance, the 1947
increase was mainly in finished goods.
In the second quarter, manufacturers'
stocks of purchased raw materials actually declined and goods in process showed
little change.
It would appear that the impetus behind the recent movement of business
inventories stems from retailers who,
witnessing the easing of supplies at a
time when they anticipated a leveling
off of trade, cut their purchases from
wholesalers in order to prevent or at
least to minimize further increases in
their inventories. Wholesalers, in turn,
proceeded to diminish their purchases
from manufacturers. The consequent
increase in manufacturers' stocks of finished items was offset by sharp restrictions upon the accumulation of purchased raw materials, and, to a lesser
extent, of goods in process.
It should be noted, of course, that this
pattern, though descriptive of industry
as a whole, did not apply to all branches
of activity. It was typical of those nondurable goods lines where wartime deficiencies had been made good. It did
not hold in segments of the economy in
which shortages persisted, for instance
in the production and distribution of still
scarce durable goods.
So far inventory buying has slackened
in a gradual manner without depressing
the over-all level of economic activity.
The main reason for this lies in the fact
that the expansion was limited at a stage
of the postwar business cycle at which
the demand situation was still generally
strong. As will be seen from the following discussion, other components of na-,
tional expenditure expanded to compensate for the smaller demand for business
inventories . Most important in this connection was net foreign investment,
though a cushioning effect was exercised
SURVEY OF CUREENT BUSINESS
Chart 4.—Wholesale and Consumers9 Price Indexes
INDEX, 1935-39-= 100
100
i t *
WHOLESALE
175
1
r
150
••
CONSUMERS'
PRICES
125
100
i
i
i
i
i
I
1946
i
.
i
,1,,.,
!
i
i
i
.
i
1947
1
Preliminary estimates for July 1947 based
upon weekly indexes through July 26.
Sources: Basic data, U. S. Department of
Labor ; conversion of wholesale prices to a 193539 base and estimate for July 1947, Office of
Business Economics.
also by fixed domestic investment and
increased personal consumption expenditures for items that had been scarce
since the war and gradually became
available again. Wage rate increases
also maintained consumer demand.
Foreign Demand at Peak
In the first two quarters of 1947 net
sales to foreigners were at unprecedented
annual rates of 9 and 11 billion dollars,
respectively—almost twice the level of
the last quarter of 1946. In part, foreign
demand replaced domestic demand that
would have been exercised in the absence
of foreign bidders. In part, however, it
served as an outlet for products for
which domestic demand was softening
at prevailing prices, and thus prolonged
the period at which economic activity
could proceed at peak levels without the
necessity of price adjustments.
At the current rate of sales, dollar and
gold resources of foreign countries are
being drawn down rapidly, and it is apparent that a reduction in exports is impending unless these resources are replenished by further loans. The rate at
which remaining available gold and dollar balances are spent depends on many
factors, including the prospects of financial aid, and the course of foreign purchases in the near future may vary within wide limits. However, import and foreign exchange restrictions imposed recently by a number of American and
European countries show that attempts
to restrict imports from the United
States are already being made.
August 1947
Producers' Durable Equipment
Producers' purchases of durable equipment have continued to increase in 1947,
but a slackening also was apparent in
this component of national expenditure.
Prom the first to the second quarter the
expansion was at an annual rate of only
one billion dollars, as against the rate of
two billion which had been typical during 1946. In some instances the leveling
off of purchases was due to a softening of
demand after immediate postwar requirements had been filled. In others,
however, demand continued urgent and
the attainment of a plateau of production reflected the fact that capacity operations had been reached and that, due
to shortages of basic materials and other
factors, only gradual further expansion
of output is possible.
Rise in Construction Interrupted
Private construction has moved sideways in 1947, small increases in the first
quarter being offset by decreases in the
second. Virtually all categories of private construction shared this pattern.
The rapid rise in construction costs and
in prices charged to ultimate purchasers
which occurred over the past year was
an important factor limiting demand for
construction. In the second quarter
construction costs were relatively stable,
and data on starts for residential and on
contract awards for nonresidential construction indicated a moderate uptrend
in private construction activity.
It was apparent, however, that the
level of construction activity was inadequate, both in terms of housing needs
and in terms of the volume of construction that will be required in the future to
maintain high levels of income and production. Private construction currently
forms a very low proportion of capital
formation and of gross national product
as compared with previous periods of
prosperity. In 1929, when the peak of
construction was well passed, private
construction accounted for 50 percent of
gross private domestic investment and 8
percent of gross national product, as
compared with 32 percent and 4 percent
in the second quarter of 1947.
Consumer Expenditures Level Off
Consumer demand remained generally
firm in the first half of 1947. It continued to be in excess of supply for many
types of durable goods. Nondurable
goods and services also showed further
expansion, but here mixed tendencies
were apparent, demand losing some of
its urgency as goods became more readily
available.
Competition for the consumer's dollar
is becoming important over a growing
segment of the economy. Even though
SUEVEY OF CUEEENT BUSINESS
August 1947
purchases of scarce durable goods can be
expected to expand further merely in response to improvements in the supply
situation, it is apparent that expenditures in general are tending to parallel
consumers' disposable income. Nevertheless, it seems probable that the postwar personal restocking movement has
continued to be a factor making for a
high level of consumer expenditures,
which are to that extent, therefore, bolstered by an element that is temporary
in character.
Role of Government
Federal government expenditures in
1947 had ceased to play their spectacular
wartime role of being the most important
single determinant of the size and pattern of national economic activity. Government purchases of gross national
product were near the levels to which
they had dropped rapidly after the cessation of hostilities, and no substantial
change in this situation appears to be
due in the near future. The fact that
these purchases are comparatively stable at rates which are low as compared
with the war period does not mean that
Federal finances have ceased to be an
important factor in the economic picture.
Most relevant for the immediate economic situation was the large Federal
Government surplus which exceeded the
13 billion dollar annual rate shown for
the combined Federal and State and local
surplus in table 1. Given the general
excess of demand over supply in the rest
of the economy taken as a whole, this
surplus served as a check upon inflationary developments.
In addition to this particular influence,
however, the increase of Federal expenditures and receipts as compared
with prewar tends to decrease the sensitiveness of the economic structure to the
impact of cyclical disturbances. Currently Federal purchases of gross national product are at annual rates of 18
billion dollars or 8 percent of the total,
as compared with 1 percent in 1929 and
6 percent in 1939. These substantial
purchases are less influenced than other
purchases of national output by changes
in the level of economic activity and can
thus be expected to exercise a stabilizing
influence. The tax structure which supports the increased level of Federal expenditures has a similar influence. The
effect of initial changes in economic
activity and income on disposable income is mitigated, because taxes absorb
part of the change. Hence, the effect
upon spending is dampened and the
secondary changes in income and economic activity are smaller.
State and local government expenditures continued to expand in the first
half of 1947 as a result of higher costs of
government operations and some increase in construction. Though State
and local construction has about tripled
since the end of the war it is still low
both in terms of past achievements and
also in terms of State and local plans for
postwar construction.
Flow of Income
The flow of income has been maintained at high levels thus far in 1947,
with noteworthy stability both in the aggregate and in the major components.
Wages and salaries reflected mainly the
gradual stabilization of production. The
total increased moderately each quarter,
private pay rolls more than compensating the reduction in government. Within the private sphere a large part of the
increase was concentrated in durable
goods manufacturing. Expansion in
other industries was noticeably slower.
Increases in average hourly earnings
contributed to the increase in pay rolls.
They were accelerated in May and June,
but even earlier were a factor in the
economic situation, tending to increase
purchasing power and to sustain consumer expenditure. Available data indicate that in manufacturing and trade
combined, which currently account for
more than one-half of private pay rolls,
the change in pay rolls between the
fourth quarter of 1946 and the first
quarter of 1947 which was attributable to
changes in average earnings amounted
to about one and a half billion dollars at
annual rates, and to about three billion
between the fourth quarter of 1946 and
the second quarter of 1947.
With the rise in the volume and value
of business, first quarter profits of corporations and of unincorporated enterprises increased as compared with the
last quarter of 1946.
The profit record of various industries
continues to be divergent. In general,
the reconversion industries in the durable
field are now experiencing the favorable
results of expanding production. The
position of the railroads has changed
markedly for the better. Other public
utilities showed a moderate rise. The
nondurable manufacturing industries in
the aggregate are just about holding
even. In the distributive trades, profits
remained high, though below the peaks
attained in the strong sellers' market
last year.
Data on corporate profits for the second quarter are as yet fragmentary, but
no sizable change from the first quarter
figure is expected.
Redemption of Armed Forces Leave Bonds
Redemption of Armed Forces Leave
Bonds on or after September 2, 1947,
permitted under legislation passed in late
July, may be expected to provide a temporary stimulus to personal consumption expenditures in the immediate future. In signing the bill, the President
issued a statement urging veterans not
to cash their bonds unless they are in
urgent need of the money now.
The Armed Forces Leave Act, enacted
August 9, 1946, had provided for the payment of unused leave due enlisted men
when demobilized in bonds maturing in
5 years and bearing interest at 2l/z percent. The bonds were issued, one to a
veteran, in multiples of 25 dollars (and
a minimum of 50 dollars) with odd
amounts paid in cash. In order to prevent a substantial addition to purchasing power at that particular time, the
law stipulated that the bonds be nonnegotiable and nonredeemable. Bond
payments were based upon accrued leave,
rank at time of discharge, subsistence
and quarters allowances, and length of
service, with payment limited to a maximum of 120 days leave.
Bonds Total 1.8 Billion Dollars
As of June 30, 1947, approximately
8,500,000 veterans held Armed Forces
Leave Bonds having a face value plus
accrued interest of 1,838 million dollars
(see chart 5). Fifty-four million dollars
had been redeemed through death and
applications to insurance premiums. Although it is difficult to estimate how
many of the remaining 6,000,000 veterans
of World War II are eligible for bond
payments and may be expected to make
applications before September 1, 1948
(the new deadline replacing September 1,
1947), indications are that the bonds already issued constitute the bulk of the
Government liability.
The average holding (face value plus
interest) is 216 dollars and 82 percent of
the total bond value is in denominations
of 400 dollars or less. While the size of
bonds ranges from 50 dollars to 1,000
dollars and more, the greatest concentration of total bond value is in the smaller
denominations, with almost 30 percent
SURVEY OF CURRENT BUSINESS
8
Table 3.—Distribution of Armed Forces Leave Bonds Outstanding as of June 30,1947
Bond value (face value
interest)
Veterans holding bonds
Bond denomination 1
Cumulative
number Cumulative
percentage
distribution
Number
Amount
Thousands
$50-100
125-200 _
225-300
325-400
425-500
525-1,000
. _
.
1,025 and over
1, 762
3,284
2, 016
812
336
275
15
20. 7
1, 762
5, 046
7, 062
7, 874
8,210
8,485
8,500
59.4
83.1
92.6
96.6
99 8
100. 0
Cumulative
amount Cumulative
Millions of dollars
142
544
529
295
157
152
19
DIUS accrued
August 1947
Chart 6.—Redemptions of Adjusted Service Bonds: Percentage of Total Issued
PERCENT
IOO
percentage
distribution
142
686
1,215
1,510
1, 667
1,819
1, 838
77
37.3
66.1
82.1
90.7
99.0
100. 0
CUMULATIVE
PERCENTAGE
1
Bonds are in $25 multiples (and a minimum of $50) with one bond to a veteran.
Source: U. S. Treasury Department.
of the total bond value in 125 to 200 dollar bonds, and an additional 29 percent
in 225 to 300 dollar bonds. The concentration of veterans holding bonds in the
smaller denominations is even greater,
with 93 percent of the veterans holding
bonds in denominations of 400 dollars or
less, and 39 percent in denominations
ranging from 125 to 200 dollars. The
distribution of bond value and veterans
holding bonds, by denomination of bond,
is shown in table 3.
Parallel Experience in 1936
A parallel to the permissive redemption of Armed Forces Leave Bonds on
September 2, 1947, is to be found in the
payment of the Adjusted Service Certificates in 1936. The World War Veterans
Adjusted Compensation Act of 1924 provided "adjusted service credit" to veterans on the basis of length of service in
excess of 60 days during World War I—
$1.25 for each day of service overseas and
$1 per day for service at home—with a
maximum of 625 dollars for overseas veterans and 500 dollars for nonoverseas
veterans.
The Adjusted Compensation Act of
1936 provided for the immediate payment of the face amount of Adjusted
Service Certificates, which had been is-
Chart 5.—Adjusted Service Bonds and Armed Forces Leave Bonds
ARMED FORCES LEAVE
BONDS- 1947
ADJUSTED SERVICE
B O N D S - 1936
BILLIONS OF
OOLLARS
3
MILLIONS OF
PERSONS
15
DOLLARS
600
-
400
-
-
200
-
25
PERCENTAGE
' IN PERIOD
S
O
N
D
J
F
M
A
M J J A
S O N
1937
Source of data : U. S. Treasury Department
sued pursuant to the 1924 law, less outstanding loans and accrued interest to
September 30, 1931. Payment was authorized to be made on or after June 15,
1936, by the issuance of nonnegotiable
but immediately redeemable bonds in
the denomination of 50 dollars with odd
amounts between 50-dollar multiples
paid by check. Bonds were dated June
15, 1936, to mature on June 15, 1945, and
accrued interest at the rate of 3 percent, with no interest payable prior to
June 15, 1937.
Under the Act, veterans received bonds
totaling 1,850 million dollars and
checks totaling 84 million dollars. In all,
approximately 3,500,000 veterans of
World War I received Adjusted Service
Bonds averaging about 530 dollars.
Rapid Cashing in of 1936 Bonds
BONDS
ISSUEDi/
n 1 v////\ BMfi f
VETERANS
RECEIVING
BONDS
n
AVERAGE
VALUE OF
BONDS
BONDS ISSUED, AS
PERCENTAGE OF
DISPOSABLE PERSONAL INCOME^
47-405
1
Represents adjusted service bonds issued during and after 1936, and armed forces leave bonds
issued through June 30, 1947, less a small amount paid on death or applied to payment of insurance
premiums.
2
Data for disposable personal income are totals for first half of 1936 and 1947, seasonally adjusted,
at annual rates.
Sources of data : TJ. S. Treasury Department and Office of Business Economics.
The bulk of the bonds were cashed in
almost immediately: 39 percent in the
first 15 days, 61 percent in the first 45
days, and 75 percent in the first year.
The actual distribution of redemptions
over the 1936-37 period is illustrated in
chart 6. How much of the bonds cashed
was actually spent within given time
periods is not known since there is no
way of determining what expenditures
would have been without this stimulus.
Retail sales data show some unusual rise
in sales of apparel stores and general
merchandise stores in July, 1936, but in
(Continued on p. 24)
SUKVEY OF CURRENT BUSINESS
August 1947
9
State Income Payments in 1946
By Charles F. Schwartz and Robert E. Graham, Jr.
URING 1946 income payments to inD
dividuals were at a record high in
nearly every State.
1
For the continental United States as a
whole, total income received by individuals in 1946 amounted to more than 169
billion dollars, approximately one-tenth
above the previous all-time high of 155
billions in 1945. In four-fifths of the
States, the 1945-46 increase in individual
incomes was 5 percent or more (see table
1). In 15 States, it was as much as 12
percent or more, with Iowa's gain of 27
percent ranking highest. In the three
Southern States where 1946 total incomes
failed to rise—Florida, Louisiana, and
Mississippi—the declines were fractional.
Income gains of 10 to 12 percent were
scored in the Central, New England, and
Middle Eastern regions. In the Far West,
Southeast, and Southwest—the three
areas where the war effort had provided
the greatest impetus to the expansion of
incomes—the 1945-46 gains were of lessthan-average proportions.
Total income payments in 1946 were
also high throughout the country by
comparison with the peak war year 1944.
With the national total of income payments last year 12 percent above 1944,
throughout the National generally the
flow of income to individuals was appreciably higher than during the war. Exceptions are found principally in several
of the Southern and Western States. In
such States, the lag behind the Nationwide 1944-46 expansion resulted directly
from the drastic curtailment of a specific
war activity (such as shipbuilding, aircraft production, or the concentration of
1
Technical notes denning State income
payments are provided at the end of the
article. Attention is called in particular to
the explanation of the status of the State income series in relation to the revised national
income and product series published in the
National Income Supplement to the July 1947
SURVEY.
NOTE.—Mr. Schwartz and Mr. Graham are
members of the National Income Division,
Office of Business Economics.
755297—47
Developments on National Scale
Summary
In nearly every State theflowof
dollar income in 1946 was at a record level, appreciably higher than
during the war.
Largest relative income gains
during 1946 were scored in the
Central, New England, and Middle
Eastern regions. In the Far West,
Southeast, and Southwest—the
three areas where individual incomes had been boosted to an unusual degree by the stimulus of the
war effort—the 1945-46 gains were
of less-than-average proportions.
Comparison of the State distributions of income payments for
1946 and 1940 reveals a significant
redistribution of income from New
England and the Middle Eastern
States to the South and West. In
general, this was an acceleration of
1929-40 trends.
This article continues the series
of reports on State income payments which have been published
annually in the SURVEY.
military and naval establishments) that
had become a major source of income.
Even in these States, however, aggregate
1946 incomes were close to peak wartime
levels.
It is fully apparent, then, that on a
State and regional basis, as well as for
the Nation as a whole, the year 1946
was one of high prosperity. The State
income data reflect generally swift adjustments to peacetime conditions in all
parts of the country. This is a generalization of prime importance that neverthe less does not deny the severity of readjustment problems in specific local
areas and the unequal impact of the
transition period on various income
groups or classes of the population.
Prior to a further discussion of State
income payments in 1946 as compared
with those in previous years, a summary
picture of developments on a national
scale should prove useful. Moreover, for
the purpose of analyzing the principal
shifts in the geographic distribution of
income from prewar 1940 through postwar 1946, a knowledge of the more
dynamic elements in the Nation's income
flow is essential.
These elements
stemmed in large measure from Federal
war spending, an income generating
force of "national origin" that conditioned geographic changes in income
payments to a considerable degree.
Table 2 shows, for the continental
United States for selected years since
1940, total income payments and the
principal components to which the
changes in total income can be traced.
Prom 1940 to 1943 the aggregate income received by individuals rose from
76 billion dollars to 140 billions. Threefifths of this unprecedented 64-billiondollar expansion was contributed by
"war" manufacturing payrolls, pay of the
armed forces, Federal civilian pay rolls,
and agricultural income. The upsurge
of these four sources of income resulted
directly—particularly for those other
than agricultural income — from the
rapid climb of Federal war spending.
Their uneven expansion among the
States contributed markedly to an acceleration of the prewar redistribution of
income in favor of the South and Far
West.
In 1944, however, these four sources of
income accounted for only one-sixth of
the 11-billion increase in total income
payments. War production having levelled off, expansion of total income
stemmed mostly from payments by trade
and service establishments, military allowances and allotments, and Federal interest payments. Their geographic expansion was rather uniform, and the
State distribution of income payments in
1944 was closely similar to that in 1943,
SUEVEY OF CURRENT BUSINESS
10
The annual data for 1945 reflect the
summary effects of the strikingly different developments before and after VJday. On a Nation-wide basis, neither
the level nor composition of income
payments changed markedly from 1944
through the second quarter of 1945.
With the surrender of Japan and the
immediate curtailment of war production, income payments in the fourth
quarter of 1945 were nevertheless maintained at the wartime level by (1)
greatly expanded volumes of musteringout payments to discharged servicemen
and unemployment benefits, (2) an income spurt in the trade and service sectors as consumer spending turned
sharply upward, and (3) a continued
advance of income payments by most
other private nonagricultural industries.
These developments are manifested in
the State distribution of income by the
slightly reduced shares of the Nation's
1945 total received by States where war
spending had boosted income payments
to an unusual degree. The distribution
of income in 1945, however, was very
similar to that in 1944.
Income Flow in 1946
Comparison of the 1946 and 1945 data
shown in table 2 reveals, for the most
part, an accentuation of the 1944-45 income changes. These are, on the one
hand, contracted pay rolls in "war" manufacturing, sharply reduced military
Table 1.—Percent Distribution of, and Relative Changes in, Total Income Payments,
by States and Regions, Selected Years, 1929-46 l
Percent change
Percent distribution
State and region
1929
Continental United States
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
1944
1945
1946
. ___
._ _.
___ __
_"_
1929 to 1940 to 1940 to 1944 to 1945 to
1940
1946
1944
1946
1946
+123
+99
+12
+9
+96
+103
A
+113
-13
+90
— 11 +102
-12
+97
-13
+105
+75
+92
+101
+65
+56
+88
+63
+12
+6
+15
+30
+10
+9
+8
+11
+18
+26
+16
+98
+80
+92
+122
+96
+94
+100
+118
+73
+68
+67
+108
+85
+63
+78
+80
+14
+10
+159
+172
+169
+163
+160
+146
+134
+167
+168
+158
+174
+144
+138
+155
+128
+163
+141
+107
+136
+168
+122
+132
+146
+130
+149
+164
+158
+123
+154
-8
-10
-3
8.22
1.77
.54
4.58
37
.70
.26
8.07
1.87
.57
4.36
35
.67
.25
7.31
1.89
.61
3.68
27
.66
.20
7.08
1.79
.57
3.60
28
.64
.20
7.00
1.70
.55
3.62
30
.62
.21
7.08
1.70
.54
3.70
.32
.59
.23
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
27.66
.27
1.03
1.72
3.84
12.59
7.33
.88
27.77
.27
1.00
1.68
3.83
12.76
7.33
.90
28.08
.25
1.04
1.61
3.72
13.18
7.33
.95
28.35
.25
1.02
1.60
3.64
13.52
7.34
.98
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
13.88
1.27
.70
1.50
1.53
1.20
1.34
.77
1.61
.81
1.42
1.73
14.20
1.29
.74
1.57
1.56
1.21
1.32
.79
1.66
.84
1.51
1.71
14.35
1.30
.78
1.56
1.58
1.26
1.28
.78
1.69
.84
1.57
1.71
13.81
1.22
.78
1.40
1.51
1.28
1.17
.70
1.79
.83
1.50
1.63
5.03
.30
.19
1.31
3.23
5.15
.31
.25
1.09
3.50
6.09
.43
.27
1.14
4.25
6.11
.38
.28
1.20
4.25
6.04
.38
.29
1.16
4.21
5.73
.37
.29
1.09
3.98
29.32
8.52
2.27
1.63
4.29
1.75
2.67
5.95
2.24
28.56
7.57
2.45
1.63
4.51
1.88
2.52
5.86
2.14
27.97
6.68
2.66
1.61
4.90
1.62
2.40
5.96
2.14
27.64
6.79
2.60
1.45
4.74
1.59
2.39
5.90
2.18
27.62
6.89
2.64
1.53
4.38
1.68
2.43
5.87
2.20
28.26
7.10
2.59
1.78
4.36
1.82
2.57
5.79
2.25
—11
-18
4 75
.77
.28
1.20
.39
.92
.32
.35
33
.19
4 44
.78
.31
1.00
.42
.75
.31
.32
35
.20
4.96
.81
.34
1.27
.37
.83
.36
.32
.49
.17
4.95
.76
.35
1.30
.35
.86
.37
.36
.42
.18
4.96
.82
.34
1.23
.36
.86
.36
.39
.42
.18
4.99
.81
.35
1.17
.40
.88
.37
.40
.41
.20
— 14
8 47
6. 31
.09
.73
1.34
9.80
7.39
.12
.84
1.45
12.13
8.79
.15
1.12
2.07
12 25
8.91
.14
1.08
2.12
11.95
8.79
.14
1.05
1.97
11. 78
8.78
.14
1.02
1.84
Computed from data shown in table 12.
Less than five-tenths of 1 percent.
Source: Office of Business Economics.
2
1943
100.00 100.00 100.00 100.00 100. 00 100. 00
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
Middle East
Delaware
District of Columbia
Maryland
New Jersey
New York _ _ _
Pennsylvania
West Virginia
1940
-13
+10
+42
+10
-4
-18
-15
-4
+4
-5
-12
+29
+3
-9
-18
+17
+24
+2
+14
+6
+4
+7
+15
+7
+6
+19
+12
+21
+9
+7
+18
(2)
+8
+19
-1
-1
+5
+9
+8
+9
+7
+12
+9
+13
+5
+3
+9
2
+5
+10
(2)
-2
+21
+11
+11
+6
+16
+8
+4
+4
+136
+145
+121
+118
+143
+5
+8
+17
+2
+5
+4
+6
+10
+3
+3
+121
+109
+136
+144
+115
+116
4127
+120
+134
+93
+79
+111
+77
+109
+69
+89
+100
+103
+14
+17
+12
+38
+3
+28
+20
+10
+15
+1?
+12
—26
-10
-16
-3
-2
+151
+134
+153
+163
+108
+162
+163
+178
+160
+122
+123
+95
+127
+161
+65
+128
+135
+126
+140
+77
+13
+20
+11
+1
+27
+15
+12
+23
+8
+25
+10
+9
+12
+4
+21
+12
+10
+13
+6
+17
+6
+7
+24
+5
(2)
+109
+1G5
+155
+173
+184
+149
+140
+124
+158
+191
+8
+10
+14
+6
+8
+9
+12
+6
+2
-6
-3
+18
-23
-1
i
-9
-3
-1
-13
-10
-12
+1
-24
q
+7
+27
+9
+18
+15
+8
+11
August 1947
payments, and lower Federal civilian
pay rolls; and, on the other, an impressive 10-billion-dollar increase in income
from trade and service, a rise of one-fifth
in pay rolls of "nonwar" manufacturing
industries, a greatly enlarged volume of
veterans' pensions and benefits, and a
sharp increase in agricultural income.
Prices were an important element in
the 1946 income expansion. The underlying economic pressures continued to be
inflationary. When these were unleashed by the elimination of price controls, prices climbed rapidly in the latter
half of the year. The consumers' price
index of the Bureau of Labor Statistics,
which had advanced 4 percent over the
3-year period 1943-45, rose 15 percent
from June to December in 1946, and for
the year as a whole averaged 8 percent
above 1945.
Particularly to be noted from table 2
are the marked shifts in the composition
of income payments from 1944 to 1946
and the sources of the 18-billion-dollar
growth of total income. The aggregate
of "war" manufacturing pay rolls, military payments, and Federal civilian pay
rolls was 17 billion dollars less in 1946
than in 1944. This reduction, amounting to almost two-fifths, was much more
than offset by the 35-billion-dollar income expansion in "nonwar" sectors of
the economy. The principal role of trade
and service in this expansion is clearly
evident.
Changes in Income Sources
In broad outline, this national pattern
prevailed on a State basis. In every
State, income payments in 1946 approximated or exceeded the 1944 total mainly
by virtue of a rise in income from trade
and service, "nonwar" manufactures,
and agriculture replacing—or sometimes far outstripping—the loss of income from "war" manufactures, military
payments, and Federal civilian pay rolls.
Further generalization would involve
oversimplification, as there were wide
differences among the States in the relative importance of these several sources
in the 1944 income stream and in the
rates at which they changed from 1944
to 1946. These differences are summarized in table 3. This table permits analysis by States and regions of the major
changes in the levels and sources of income payments that occurred in the
transition from war to peace.
No less interesting than a comparison
of wartime and postwar incomes is an
analysis of the changes which occurred
between the immediate prewar period
and 1946. Table 4 measures for each
State and region the proportion of total
income payments in 1940 and 1946
formed by agricultural income, manufacturing wages and salaries, trade and
August 1947
service income, and government income
payments. The table thus provides data
for analysis of prewar to postwar changes
in the principal industrial sources, of income payments and, correlatively, the
comparative importance of these sources
in contributing to the 1940 to 1946 income expansion.
It is clear, for example, that agriculture provided the greatest impetus to the
1940-46 growth of total income payments
in the Northwest and in several of the
farm States of the Central and Southeastern areas. The influence of manufacturing on the growth of aggregate
incomes from 1940 to 1946 was most pronounced in New England, the Middle
East, and the Southwest.
Trade and service were more important in the Middle East, Southwest, and
Far West than elsewhere in contributing
to the rise in incomes from 1940 to 1946.
In every part of the country, income payments by Federal and State and local
governments accounted for a larger
share of all income in 1946 than in 1940.
But the influence of government was
most pronounced in the South. This
was due mainly to military payments,
which even in postwar 1946 formed as
much as 5 percent of total income in the
two Southern regions.
Redistribution of Income
The probable nature of the geographic
distribution of income in the immediate
postwar period was a principal subject
of analysis in the reports on State income payments of the last few years.
SURVEY OF CURRENT BUSINESS
Table 2.—Income Payments to Individuals in Continental United States, 1940 and
1943-46
[Billions of dollars]
Item
1
"War" manufacturing pay rolls __.2 _
"Nonwar" manufacturing
pay rolls
Pay of armed forces 3
4
Military allowances and allotments
..
5
Federal civilian pay 6rolls
Agricultural income . 7
. . .
. .Trade and service income8
Unemployment benefits . _ .9
Veterans' pensions and benefits
All other income
Total income payments
V//A
I 15 TO 139
WWi
UNDER 115
UNITED STATES 123
Source of data : Office of Business Economics.
1
I
i
1940
1943
1944
1945
1946
1.7
5.4
18 2
.5
.4
34.1
27.1
13.2
5.5
3.0
6.9
12.8
28 1
.1
.4
42.9
28.2
14.0
5.2
6.2
7.3
13.4
31 5
.1
.6
44.7
22.8
14.7
4.2
8.5
7.0
14.0
35 1
.4
1.1
47.4
18.0
17.7
2.3
4.0
5.8
16.7
44 8
1.1
4.4
54.6
75. 9
140.0
151. 2
155.2
169. 4
7.3
7.9
.4
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
"Nonwar" manufacturing industries consist of food and kindred products, tobacco manufactures, textile-mill prod
ucts, apparel and other finished fabric products, lumber and timber basic products, paper and allied products, printing
and publishing, products of petroleum and coal, leather and leather products, stone, clay, and glass products, and
miscellaneous
manufacturing industries.
3
Net of allotments of pay to individuals and of contributions to family-allowance payments.
4
Include family-allowance payments, allotments of pay to individuals, mustering-out payments, and enlisted men's
cash
terminal leave payments.
5
Include pay of employees (net of their contributions to retirement funds) in the Federal Executive Service in the
continental
United States.
6
Includes net income of farm operators (adjusted for change in inventories of crops and livestock), farm wages, and
net7 rents to landlords living on farms.
Includes wages and salaries (net of employee contributions to social insuiance programs) and proprietors' income.
89 Include State unemployment compensation benefits and railroad unemployment insurance benefits.
Include pensions and disability compensation, readjustment allowances, self-employment allowances, cash subsistence allowances, and State government bonuses to veterans of World War II.
Source: Office of Business Economics.
The nature of developing war-period
shifts, the appraisal of regional differences in sources of war-period income
growth, and the geographic income distribution in the fourth quarter of 1945
shown by special compilations presented
in the August 1946 SURVEY all furnished
the general preview of a significant redistribution of income from New England and the Middle Eastern States to
the South and West.
These are the main shifts in the geographic distribution of income now indi-
Map 1.—Percentage Increase in Total Income Payments, 1946 from 1940
£ 8 8 8 140 TO 160
11
cated by a comparison of the 1946 and
1940 State income totals. They are
clearly portrayed in map 1. Of the 24
States which scored 1940-46 increases in
income payments falling in the two top
brackets depicted on the map, 23 are
located in the Southeast, Southwest,
Northwest, and Far West. On the other
hand, all but two States falling within
the lowest bracket are in New England
and the Middle East. Aggregate income
received in the four Southern and Western regions rose 159 percent from 1940
to 1946. This contrasts with the 97 percent gain for the New England and Middle Eastern areas combined. The income
gain of the Central region closely approximated the Nation-wide average.
This pattern of change in the geographic distribution of income accords,
in general, with that occurring over the
prewar period 1929 to 1940. In the prewar period, as well as from 1940 to 1946,
New England and the Middle East received declining shares of the country's
total income and the two Southern regions and the Far West received increasing shares. Over the span of both periods, the share received by the large
Central region was relatively constant.
The Northwest, however, furnishes an
exception to the generalization that
changes in the geographic distribution
of income between 1940 and 1946 were
in accord with developments of the prewar decade. This region's income share
was reduced over the 1929-40 period, but
it rose appreciably from 1940 to 1946.
12
Regions with Declining Trends
Over the period 1929 to 1946 comparative stability and a declining trend relative to the Nation characterized New
England's income payments. The regional movements were dominated by
Massachusetts, which receives about half
of New England's total income. The
relative income decline of the region was
slight from 1929 to 1940 but was accelerated from 1940 to 1946.
The declining relative trend of the
Middle East was slight in the prewar
period but was more accentuated over
the 1940-46 period. The relative decline centered in New York and Pennsylvania in the prewar years but was quite
general throughout the region in the
later period. The 1940-46 decline in the
region's income share was a composite
of a sharply accelerated relative decline
from 1940 to 1944 and a better-thanaverage income record from 1944 to 1946.
These were determined by New York
and are attributable mainly to the lesser
role of direct war activities in the State's
economy.
While for market analysis significance
should be attached to the long-term declining relative trends of income payments in New England and the Middle
East, two facts of correlative importance
will not be overlooked. These are that
the two regions have comparatively high
per capita incomes and are principal
centers of population.
Gains in South and Far West
The marked improvement in the relative income position of the Southeast
between 1940 and 1946 was an acceleration of prewar developments. In the
1929-40 period total income payments
increased 4 percent in this region, as
contrasted with the 10 percent decline
in the rest of the country. In the
1940-46 period, income growth in the
Southeast was second only to that in the
Far West. Strides in industrialization
and expanded flows of government income payments were major elements in
the income gains in both periods. During the war military payments were of
unusually large volume in the Southeast,
and their reduction with the end of the
war was the main reason why the Southeast's income share was reduced between
1944 and 1946.
In the Southwestern region, Texas,
New Mexico, and Arizona scored 1940-46
gains in income payments substantially
bettering the national average, while
that of Oklahoma matched it. Each of
them except Oklahoma improved its income position in the prewar decade. As
in the Southeast, growth of manufactures and relatively large government income payments were the principal fac
SUKVEY OF CURRENT BUSINESS
August 1947
Table 3.—Selected Components of Total Income Payments, by States and Regions:
Percent of Total Income in 1944 and Percent Change, 1944 to 1946
Percent of total income payments in 1944
State and region
"War"
manufacturing
pay
rolls i
Federal 'Nonpay
war"
rolls
manuand
facmili- turing
tary
pay
allowances 2 rolls s
Percent change, 1944 to 1946
War"
Agri- Trade
manuand
culfacservtural
ice in-5 turing
ncome4 come
pay
rolls i
Federal 'Nonpay
war" Agri- Trade
rolls
manu- culand
and
factural servmili- turing
in- 4 ice in-5
tary
pay come come
allowances 2 rolls 3
Continental United States
18.8
12.6
9.4
8.9
21.0
-36
-35
+26
f-24
+42
New England
Connecticut
Maine
Massachusetts
New Hampshire .
Rhode Island
Vermont
23.7
39.3
16.3
19.6
6.0
21.1
12.7
10.4
5.0
14.8
11.7
10.0
15.8
6.3
13.6
7.8
17.1
14.4
26.6
16.3
14.9
2.4
2.0
7.5
1.4
4.2
.8
13.1
19.7
16.7
18.9
21.3
22.1
18.4
19.8
-30
-28
—74
-27
-43
-36
-48
-43
-36
-51
-10
+31
+31
+35
+30
+30
+34
+29
+33
+23
+50
+27
+46
+8
+29
+38
+40
+33
+38
+45
+29
+50
Middle East
Delaware
District of Columbia.
Maryland
New Jersey
New York
Pennsylvania
West Virginia
18.8
29.2
.1
23.5
31.5
13.2
23.5
13.0
11.0
7.9
50.8
15.9
2.2
7.9
3.5
1.6
1.9
2.6
4.8
22.6
16.2
23.2
19.9
18.2
26.4
19.6
16.9
-32
-25
-43
-37
-30
-29
-9
-27
-45
-5
-20
-21
-36
-34
-29
+27
+50
+29
+28
+25
+26
+28
+33
+28
+41
+41
+36
+46
+40
+41
+41
+45
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina.
South Carolina-.
Tennessee
Virginia
8.3
15.2
3.0
8.2
9.5
8.6
10.3
4.6
4.7
1.3
12.3
7.8
9.6
8.8
22.3
19.9
20.9
28.8
23.6
15.2
20.4
25.2
18.8
28.6
14.1
30.2
11.7
6.4
2.2
7.6
11.8
14.1
10.5
7.7
9.7
8.3
7.0
4.5
12.1
6.6
8.5
7.0
18.1
18.1
8.6
7.5
15.4
13.4
26.3
11.5
12.7
18.8
9.8
27.7
22.2
17.1
12.3
10.2
19.2
18.6
20.4
22 2
20^4
18.6
20.2
17.2
17.0
17.3
19.8
18.7
-49
-47
-71
-79
-72
-38
-71
-30
-58
-28
-19
-24
-44
-42
-46
-54
-49
-31
-49
-50
-38
-55
-31
-33
+30
+32
+19
+26
+34
+34
+22
+20
+34
+31
+32
+28
Southwest
Arizona
New Mexico.
Oklahoma
9.2
6.9
1.2
8.6
10.1
20.1
23.3
28.6
19.1
19.5
5.1
3.2
1.7
4.5
5.7
14.8
14.0
16.9
17.9
13.9
20.5
21.1
18.7
20.2
20.6
-64
-75
+132
-71
-63
-45
-54
-46
-47
-44
+4
+30
+10
Central
Illinois
Indiana
Iowa
Michigan-_
Minnesota.
Missouri
Ohio
Wisconsin..
27.4
21.7
32.7
8.1
44.5
11.4
13.5
34.1
24.0
7.5
8.7
7.5
7.4
5.5
6.7
10.9
7.4
5.4
8.7
10.7
8.2
7.4
5.6
9.4
10.1
7.5
11.4
9.0
6.0
9.2
31.0
4.7
19.7
12.3
4.4
14.1
20.1
22.1
18.2
19.3
18.2
22.0
23.6
18.8
19.3
27
-21
-29
-28
-31
-38
-37
-26
-27
-26
-28
—24
-28
-32
+27
+8
+45
+17
+17
+24
+26
+19
+14
+22
+24
+20
+30
+18
Northwest
Colorado
Idaho
Kansas
Montana
Nebraska
North Dakota..
South Dakota..
Utah
Wyoming
6.3
5.4
.5
14.6
2.6
5.9
.1
4.4
4.7
5.8
4.9
4.0
5.2
1.7
3.0
4.0
4.5
27.7
15.4
32.7
23.2
31.2
29.2
57.8
47.4
12.8
22.3
18.6
21.8
17.4
16.6
18.6
19.9
17.0
18.3
19.1
17.8
-58
-4
.1
14.0
16.6
17.7
13.1
9.0
13.3
5.7
11.4
23.1
15.7
-39
-26
-60
-45
—19
—47
-13
-38
-31
-49
Far West
California
Nevada
Oregon
Washington
18.8
18.6
7.1
19.2
20.4
13.3
13.5
22.9
8.1
14.7
6.7
5.7
1.3
13.1
8.3
9.2
8.6
8.2
11.6
10.3
23.2
24.1
21.2
21.4
20.2
+19
+26
+25
+15
+22
+15
+11
+17
+26
+26
+27
+32
+59
+20
+16
Texas
.4
3.9
+6
-34
-35
+3
+46
-74
-14
-64
+50
+9
-28
+25
-64
-59
-73
-80
-74
n
-28
-27
-23
-30
-29
-58
-34
-19
+20
+43
+26
+28
+48
+19
+15
+29
+14
+20
+26
+4
-18
+25
+36
+35
+19
+41
+38
+45
+39
+45
+45
+35
+41
+49
+36
+42
+36
+5
+41
+44
+65
+31
+42
+44
+53
+46
+68
+23
+38
+38
+40
+25
+42
+38
+49
+54
+34
+65
+35
+42
+45
+13
+19
+2
+8
+27
+25
-8
+21
+3
+38
+20
+21
+45
+23
+12
+49
+52
+58
+40
+60
+46
+51
+46
+50
+61
-6
+46
+49
+75
+43
+36
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 automobilies and automobile equipment.
2 Comprise pay of Federal civilian employees, net pay of armed forces, family-allowance payments to dependents of
enlisted military personnel, voluntary allotments of military pay to individuals, mustering-out payments to discharged
servicemen, and enlisted men's cash terminal leave payments.
s "Nonwar" manufacturing industries consist of food and kindred products, tobacco manufactures, textile-mill
products, apparel and other finished fabric products, lumber and timber basic products, paper and allied products,
printing and publishing, products of petroleum and coal, leather and leather products,.stone, clay and glass products,
and
miscellaneous manufacturing industries.
4
Includes net income of farm operators (adjusted for changes in inventories of crops and livestock), farm wages, and
net rents to landlords living on farms.
s Includes wages and salaries and net income of proprietors.
Source: Office of Business Economics.
tors in the region's substantial progress
over the entire period 1929-46.
In both the 1929-40 and 1940-46 periods, the top-ranking regional increase
in total income payments was registered
by the Par West. This record performance reflected larger-than-average gains
in nearly every type of income. Of
greatest importance were those stemming
from the manufacturing, government,
and trade sectors. Large population
growth was also a fundamental factor.
Whereas in other sections of the country population increased on the average
August 1947
by 12 percent between 1929 and 1946, the
population of the Far West expanded by
two-thirds.
The considerably more-than-average
advance in total income payments by the
agricultural Northwest from 1940 to 1946
contrasts with the relatively unfavorable
experience of this area in the preceding
decade. In both periods, the income
trends were determined largely by the
widely varying fortunes of Northwestern
agriculture.
Stability of Central States' Share
The long-term tendency of the Central States to receive a comparatively
constant share of total income payments
is an interesting composite of differing
State trends. These stemmed mainly
from the widely different emphases within the region placed upon agriculture and
heavy industry as sources of income.
The influence of agriculture and heavy
industry is clearly stamped on recentyear changes in income payments in individual States of the Central region.
From 1944 to 1946, when pay rolls in their
"war" manufacturing industries were reduced about one-fourth, the industrial
States of Michigan, Indiana, and Ohio
received smaller shares of income payments. In Iowa, Minnesota, Missouri,
and Wisconsin substantial expansions of
farm income resulted in increased shares
of income payments in 1945 and 1946.
For most oT these States the relative
movements were not in conformity with
longer-term trends, but they very probably should not be construed as reversals
of those trends. This is because of the
"short-run" nature of the factors—contracting war-industry pay rolls and
sharply rising farm income—that determined the movements.
Manufactures and Government
The following two sections provide
data for analysis of the roles of manufacturing and government in the geographic shifts of total income payments
over the period 1929-46. The manufacturing industry is of obvious and basic
importance in conditioning both shortterm and long-term changes in the State
distribution of income. World War II
has resulted in the considerably greater
influence of government on State income
payments. In 1946, the 36.5-billion-dollar total of factory pay rolls and the 29.5
billion-dollar volume of income payments by Federal and State and local
governments together comprised almost
two-fifths of all income payments to individuals.
Distribution of Factory Pay Rolls
A principal fact revealed by table 5 is
the pattern of shifts in the State
Digitizedthat
for FRASER
13
SURVEY OF CURRENT BUSINESS
distribution of factory pay rolls from
1929 to 1940 and from 1940 to 1946 was
much the same as that noted for total
income payments. New England and the
Middle East received a declining share of
the national total; and the Southeast,
Southwest, and Far West received increasing shares. The relative declines
in New England and the Middle East,
however, were not appreciable. More
pronounced was the substantial progress
in industrialization made by the South
and Far West—a continuation of up-
trends traced by the Census of Manufactures as far back as 1889.
From 1929 to 1946, the South and Far
West increased their combined share of
the Nation's manufacturing pay rolls
from 15.5 percent to 20.3 percent. This
was a relative gain of one-third. It represented largely a relative shift of manufactures to these areas from the "Old
Manufacturing Belt" (comprising the
eleven States of Michigan, Ohio, Illinois,
Indiana, Wisconsin, Connecticut, Massachusetts, New York, New Jersey, Penn-
Table 4.—Major Industrial Sources of Income Payments in Each State and Region?
Selected Components as a Percent of Total Income, 1940 and 1946
Manufacturing
pay rolls
State and region
1940
1946
Trade and service
income 2
Agricultural
income *
1940
1946
1940
1946
Government income payments 3
1940
1946
Continental United States
20.3
7.2
9.8
25.2
26.6
12.4
17.0
New England.
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
26.7
34.0
23.3
23.8
26.8
30.6
18.8
30.7
36.3
25.6
28.8
31.6
34.3
21.9
2.0
2.0
6.0
1.1
2.7
.8
10.5
2.9
2.4
10.6
1.5
4.7
.8
13.4
23.4
21.3
23.5
24.5
23.5
21.8
23.3
24.2
22.1
23.6
25.4
24.6
22.8
23.5
11.8
8.4
14.2
12.7
14.2
12.5
11.9
15.9
10 6
19.4
17.8
15.4
17.1
14.1
Middle East
Delaware _ _ __
District of Columbia
Maryland
New Jersey
New York _ _
Pennsylvania
West Virginia
21 2
25.3
2.8
21.1
30.4
17.8
25.8
18.5
24.2
29.4
2.7
21.6
32.7
22.8
26.9
18.2
1.9
5.6
2.4
6.0
3.6
1.6
1.4
2.2
5.6
4.0
2.1
2.0
2.9
5.9
25.3
17.6
23.8
24.0
22.1
28.1
23.1
19.4
27.8
21.4
27.4
27.1
23.9
31.4
24.7
20.2
12.5
7.8
42.0
11.9
10.4
12.0
11.1
9.7
16.6
12.1
49.3
20.2
16.3
14.3
15.8
16.4
Southeast
Alabama. .
Arkansas
Florida
Georgia
__
Kentucky
Louisiana
Mississippi
North Carolina..
South Carolina
Tennessee
Virginia
15.7
18.7
8.4
7.3
16.5
12.0
12.4
10.0
24.6
21.7
18.6
16.2
15.5
17.8
7.8
7.4
17.3
12.0
13.4
11.6
21.7
22.2
19.2
14.7
15.4
14.7
30.3
8.4
15.8
15.8
10.2
28.0
17.5
18.4
14.5
9.9
16.8
14.5
28.6
13.1
14.0
19.9
10.3
22.8
23.0
20.9
15.0
11.4
25.2
25.2
24.1
31.6
26.9
23.8
25.8
22.7
22.2
22.7
26.0
24.7
24.9
24.0
25.0
30.8
27.4
22.3
27.6
24.4
21.0
21.3
25.2
24.0
13.0
11.7
11.6
13.0
12.5
12.4
13.6
13.6
10.8
14.5
12.7
16.7
21.5
22.4
20.8
22.9
20.7
19 3
21.4
24.9
17.8
21.0
19.6
27.1
8.0
4.6
2.4
7.3
9.0
8.9
4.8
4.5
7.6
10.0
15.9
13.7
20.9
18.1
15.1
14.7
16.9
15.9
16.5
13.9
25.2
26.0
23.5
24.0
25.6
27.5
28.2
26.4
26.0
27.9
12.5
18.6
16.1
14.6
11.1
21.1
20.1
26.8
23 2
20.2
25.8
23.1
30.7
10.6
38.2
11.8
16.6
30.5
26.1
26.7
26.3
29.5
10.4
36.6
14.5
17.1
31.8
26.9
7.8
4.6
7.4
28.4
4.4
16.9
9.5
4.0
11.7
11.3
7.9
12.0
37.8
5.6
21.2
14.1
5.6
15.2
24.5
26.6
21.7
22.6
22.3
26.0
28.2
23.6
23.2
24.9
26.1
24.3
21.6
23.6
28.4
26.4
24.3
24.2
10.8
10.5
10.6
11.1
10.3
13.5
10.6
10.1
12.2
14 0
13.6
13.8
12 2
14.6
15.5
16.2
13.6
12 5
7.1
8.4
8.1
8.7
6.4
6.9
2.4
4.0
8.8
4.3
7.1
9.2
7.2
9.3
5.6
7.0
1.8
3.3
7.2
4.7
20.3
10.9
24.1
18.8
22.4
20.4
38.0
31.5
11.5
23.1
27.7
15.2
30.0
24.9
31.4
31.9
47.1
46.7
12.1
24.6
23.9
26.8
23.6
22.6
21.2
25.4
23.0
23.1
25.5
19.5
24.5
27.6
24.6
23.0
23.5
25.4
22.9
21.7
26.5
23.0
15.1
17.6
14.5
14.4
14.7
14.2
13.3
15.0
15.4
16.5
17.3
21 3
16 0
17 1
15 4
15.0
13 9
14.1
25 5
14.6
13.6
12.5
1.8
18.4
17.6
14.2
13.7
3.5
18.5
15.4
7.0
6.5
9.0
10.3
10.2
9.5
10.4
13.5
11.8
29.3
30.1
25.3
27.4
26.3
31.5
32.4
32.6
28.9
28.1
14.6
14.4
15.9
13.0
16.3
18 2
17.9
16 6
15 O
21.9
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
___
. __-
_ _
_
21.3
7.3
1 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.
2
Includes wages and salaries and net income of proprietors.
3 Consists of pay of State and local and of Federal civilian employees, net pay of the armed forces, family-allowance
payments to dependents of enlisted military personnel, voluntary allotments of military pay to individuals, musteringout payments to discharged servicemen, enlisted men's cash terminal leave payments, interest payments to individuals,
public assistance and other direct relief, work relief, veterans' pensions and benefits, State government bonuses to World
War II veterans, and benefit payments from social insurance funds.
Source: Office of Business Economics.
SURVEY OF CURRENT BUSINESS
14
Table 5.—Percent Distribution of, and Relative Changes in, Total Manufacturing
Wages and Salaries, by States and Regions, Selected Years, 1929—46
Percent change
Percent distribution
State and region
Continental United States
1929
1940
1943
1944
1945
1946
100. 00
100. 00
100. 00
100. 00
3.27
.74
4.58
.32
.87
.20
9.39
3.00
.68
4.34
.32
.85
.20
9.46
2.84
.63
4.55
.37
.86
. 21
10.22
2.89
.65
5.01
.48
.96
30.28
.34
.09
2.05
5.89
12.41
8.84
30.06
.34
.09
1.85
5.89
12. 39
8.84
.66
31.28
.32
.11
1.76
5.77
13. 43
9.12
32.31
.35
.13
1.63
5.59
14.48
9.29
.84
9.06
1.07
.26
.71
1.20
.65
.88
.32
1.34
.58
1.12
.93
9.62
1.10
.28
.62
1.22
.68
.85
.34
1.50
.68
1.33
1.02
10.04
1.03
.29
.49
1.23
.72
.74
.38
1.82
.87
1.35
1.12
100. 00
100. 00
New England
Connecticut
Maine
Massachusetts
New Hampshire.
Rhode Island
Vermont
11.34
2.74
.56
5.99
.56
1.20
.29
10.63
3.13
.65
5.13
.47
1.02
.23
Middle East
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
West Virginia
34. 62
.20
.16
1. 17
5.49
15. 94
10. 83
.83
33. 52
.39
.17
1.68
6.20
13.74
10.43
.91
1929 to 1940 to 1940 to 1944 to
1946
+ 177 I
-12
+8
+ 11
-19
-21
-20
-25
-9
+88
+2
+35
+7
-19
-9
+4
+12
+11
+134
+ 145
+ 165
+ 187
+ 135
+90
+130
+139
+126
+117
+134
+129
+138
+121
+138
+149
+137
+46
+207
+163
+150
+135
+ 102
+126
+109
+85
+128
+111
+147
+109
+115
+172
+220
+171
+359
+214
+163
+258
+208
+106
+ 108
+ 176
+117
+ 155
+159
+149
+ 168 i
+174 !
+146 I
+153 I
+208 !
+ 136 |
+164 I
+182 S
+121 !
-15
-8
-18
-18
-3
+26
..
—4
..
-9
-2
+26
-26
-20
-1
-11
+7
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina^
South Carolina-.
Tennessee
Virginia
7.77
.79
.31
.46
.91
.66
.74
.34
1.27
.53
.90
.86
9.23
.93
.27
.43
1.05
1.81
.77
1.12
1.19
8.61
1.04
.24
.67
1.08
.59
.78
.30
1.35
.59
1.00
.97
Southwest
Arizona^
New Mexico
Oklahoma
Texas
1.94
.10
.03
.45
1. 36
2.04
.07
.03
.39
1.55
2.84
.10
.03
.50
2.21
3.11
.14
.03
.55
2.39
2.94
.14
.05
.54
2. 21
2.41
.08
.06
.39
1.88
-1
-36
+ 12
-18
+323
+435
+167
+293
+328
+176 '
+173
+383
+133
+184
+80
Central
Illinois
Indiana
Iowa
Michigan,.
Minnesota.
Missouri-.Ohio
Wisconsin..
36. 60
9.89
3. 36
.87
6.72
1.19
2.24
9.26
3.07
36.43
8.63
3.71
.85
8.51
1.09
2.06
8.82
2.76
35.08
7.25
3.78
78
8.80
1.16
2.01
8.71
2.59
35.39
7.80
3.77
.80
8.41
1.17
2.00
8.71
2.73
35.16
8.26
3. 63
.84
7.43
1.27
2.16
8.78
2.79
35.48
8.76
3.59
.87
7.48
1.24
2. 00
8. 64
2.84
-6
-18
-8
+19
-14
-13
-10
-15
+169
+151
+181
+159
+174
+198
+169 i
+174 |
+175 I
+123
+138
+127
+140
+106
+167
+134
+130
+141
-15
-5
-19
-8
-25
-10
-13
-16
-12
1.55
32
.12
.43
.14
.25
.04
.06
.15
.04
1.87
.35
.07
.80
.09
.31
.02
.04
.16
.03
1.89
.27
.08
.91
.08
.34
.02
.04
.12
.03
1, 88
.33
.09
.77
.09
.35
.03
.05
. 13
.04
1. 65
.35
.12
52
.10
29
.03
.06
. 14
.04
-23
-18
—26
— 22
-23
-31
-42
-9
-16
—20
+237 ' +150
+ 133
+156
+78
+125
+484
+182
+70
+83
+269
+168
+79
+102
+95
+126
+115
+113
+92
+143
5.83
3.84
.01
.69
1.29
6.60
4, 57
.01
.76
1.26
11.34
7.90
.06
1.29
11.10
7. 66
.04
1.24 |
2.16
,. ~4
.02
1.09
1.81
7.89
5. 65
.02
.89
1. 33
16, 299
15, 372
40, 693
Northwest
Colorado
Idaho
Kansas
Montana
Nebraska
North Dakota..
South Dakota..
Utah
Wyoming
Far West..*
California—
Nevada
Oregon
Washington.
Addendum: U. S. totals (millions of dollars)
42,621
-19
-12
+9
-1
-13
-20
+35
+37
+18
+30
+7
+4
+ 12
+366
+365
+918
+354
+374
+180
+190
+382
+175
+148
-6
-19
Q
-42
-13
-6
-29
+ 15
+27
+2
+2
-35
-49
-41
-34
-26
+10
+26
-52
+7
-27
+13
+16
-1
+26
-40
-38
-53
-39
-48
37,903 ! 36,045
Source: Office of Business Economics.
sylvania, and Maryland). The aggregate share of the Nation's factory pay
rolls received in this Belt declined from
74.5 percent in 1929 to 72.8 percent in
1940, and to 70.1 percent in 1946.
Of considerable interest are the data
on rates of changes in manufacturing
wages and salaries for the periods 194044 and 1944-46. These measure geographic differences in the impact of war
production and of subsequent reconversion. For example, spectacular increases
in factory pay rolls of 366 percent and
323 percent, respectively, are shown for
the Far West and Southwest for the
1940-44 period. So great were these war
period expansions that sharp contrac
tions of two-fifths from the 1944 levels
left factory pay rolls in these regions in
1946 nearly three times as large as in
1940.
Another point of interest is that in
nearly every State where manufacturing
growth during the war lagged behind
that of the Nation the experience from
1944 to 1946 was relatively favorable.
This readjustment of wartime distortions explains much about interstate
differences in 1944-46 changes in total
income payments.
Shifts in Manufactures
For more detailed analysis, the data
in table 5 can be supplemented by those
August 1947
in table 6, which shows percentage distributions by States of manufacturing
wages and salaries separately for nineteen types of manufactures.
The substantial relative gains already
noted for the Far West, Southeast, and
Southwest are apparent also from this
table. Each of these regions increased
its share of the Nation's total from 1940
to 1946 in fifteen of the nineteen types
of manufactures. These relative gains
were shared by nearly all States of the
regions. On the other hand, New England, the Middle East, and the Central
States sustained relative declines from
1940 to 1946 in most manufacturing
industries.
Comparisons of the 1940 and 1946 distributions of pay rolls for the several
groups of manufactures show a number
of significant geographic shifts.
In some cases, the geographic shifts, as
measured by relative gains and losses in
wage-and-salary payments, represent
simply interchanges among established
centers of production. In the production of textile-mill products, there was
further concentration in the Southeast,
mainly in Georgia and South Carolina,
with a corresponding relative decline in
the Middle East, mainly in Pennsylvania.
All of these States are major textile centers. In lumber manufacturing, the pronounced relative shift from the Far West
to the Southeast involved the two largest
lumber-producing areas. The two leading tobacco-manufacturing States, North
Carolina and Pennsylvania, substantially
improved their relative positions, while
Kentucky, New Jersey, and New York
(also important in tobacco manufactures) sustained relative losses. Similarly, New York State, with nearly onehalf the Nation's apparel industry, scored
an appreciable gain in apparel from 1940
to 1946 that was matched by relative
losses in several of the comparatively
few other States, such as Illinois, New
Jersey, and Massachusetts, in which a
significant portion of the industry is located. Also in industries such as iron and
steel, electrical machinery, and products
of petroleum and coal, such shifts as occurred were restricted for the most part
to the established producing areas.
In several types of manufactures,
however, there appear to be relative
shifts to newer areas. In paper production, the importance of the South increased over the period 1940-46, while
that of New England declined. In the
manufacture of chemicals and allied
products, there were relative decreases
in the large producing States of New
York, New Jersey, Massachusetts, Illinois, and Ohio. Significant relative
gains occurred in Tennessee and Texas.
In the manufacture of food, the South
and Far West achieved gains, in contrast
SURVEY OF CURRENT BUSINESS
August 1947
creased shares of the Pacific Coast
States. Aside from the fact that automobile production last year was hampered by reconversion difficulties and
was far below the projected postwar
level, an evaluation of this prewar to
postwar shift in the transportation
equipment industry should take into account that the industry changed markedly in composition from 1940 to 1946.
In the latter year, as compared with 1940,
aircraft production and shipbuilding
were of much greater importance and
automobile production of much lesser
importance. This is of significance in
the present instance because the Pacific
to relative declines in several important
food-producing States in the East. In
the manufacture of nonferrous metals
and of rubber products also the South
and Par West, as "newer" areas, made
appreciable progress. The Far West
(especially California) substantially increased its share of total pay rolls in furniture production, while Illinois, Michigan, and Ohio, three of the largest furniture-producing States, sustained reduced shares.
In transportation equipment the 1946
State distribution differed from the 1940
distribution primarily in the sharply reduced share of Michigan and the in-
15
Coast States are leaders in aircraft production and shipbuilding and Michigan
is the leading automobile-producing
State.
In all other types of manufactures,
there were no significant shifts among
established centers of production or
evidence of the development of new
centers.
Government Income Payments
Data for the analysis of the influence
of government on the State distribution
of income payments are provided in tables 7 and 8. The former shows the
State distribution of government income
Table 6.—Percent Distribution, by States and Regions, of Wages and Salaries in Specified Manufacturing Industries, 1940,
and 1946
State and region
Food and
kindred
products
1940
1946
Tobacco
manufactures
1940
1946
Textile
mill
products
1940
1946
Apparel and
other finished
textile products
1940
1946
Lumber and
timber basic
products
1940
1946
Furniture and
finished lumber products
1940
1946
Paper and
allied
products
1940
1946
Printing, publishing and
allied
industries
1946
1946
Continental United
100.00 100. 00 100.00 100.00 100.00 100. 00 100. 00 100. 00 100.00 100. 00 100.00 100. 00 100.00 100. 00 100.00 100.00
States
5.16
4.34
1.65 25.30 25.53
7.33
6.17
4.15
4.84
New England
1.70
7.86
17.86 15.44
7.66
8.27
6.93
.63
3.93
.56
4.23
2.17
1.48
.53
.17
.14
.80
1.69
1.65
1.56
.86
1.45
Connecticut
.47
2.24
. 35
2.00
.15
.13
.48
1.10
4.36
.25
1.93
2.48
1.31
3.81
.21
Maine
3.59
.64
4.17
2.67
.71 11.72 11.61
4.63
.81
7.67
Massachusetts .67
4.17
4.19
9.15
4.92
4.45
.11
1.35
1.83
.07
.15
.41
.07
.76
1.47
New Hampshire
.53
.71
.94
.98
1.90
.26
.28
5.41
.21
38
32
.06
5.64
.24
.04
.39
.04
.23
.18
.34
.53
Rhode Island
.42
.51
.11
.07
.61
.45
.36
.63
.62
.75
.42
.14
.10
.16
Vermont
.12
31.70
.11
29.29
.06
31.11
.31
28.10
.26
63.63
.20
2.02
4.34
12.57
7.01
.41
24.38
.27
34
2.05
3.43
11.61
6.27
.41
.21
8.72
6.81
14.68
1.17
.06
5.68
4.56
17.87
1.06
2.47
7.42
43.40
9.98
.16
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
9.09
11.04
53.30
57. 58
.54
.33
.88
64
.43
1.46
1.29
6.62
6.17
8.86
8.83
13. eo 11.24
.28
.29
39.25
2.74
3.62
35.56
06
.08
Southwest. _
Arizona
New Mexico
Oklahoma
Texas
Middle East
Delaware
Dist of Columbia
Maryland
New Jersey
New York
Pennsylvania
West Virginia
Central
Illinois...
Indiana
Iowa
Michigan
Minnesota
Missouri
Ohio
Wisconsin
Northwest
Colorado
Idaho
Kansas .
Montana
Nebraska
North Dakota .
South Dakota _
Utah
Wyoming...
27.07
.23
49
1.12
1.37
1.30
.33
1.41
1.34
1.69
1.44
.39
.86
.92
.37
1.10
.89
.36
7.55
8.76
.30
4.91
.36
.28
.40
1.78
33
.19
.52
.43
.49
.11
.40
.47
.09
Far WestCalifornia
Nevada
Ore aon
Washington
11.01
8.25
.05
1.00
1.71
13.23
9.62
.05
1.31
2.25
2.23
2.23
Addendum: U. S.
totals (millions of
dollars)
1,667
3,580
94
169
.79
.76
.50
.14
.59
.58
1.97
.07
2.26
.09
.97
1.06
09
.23
.02
.26
06
1.03
1.35
3.25
3.64
1.67
1.89
.91
.97
6.32
1.33
.84
.12
1.16
.38
.27
1.08
1.14
5.42
1.22
.57
.08
.53
.45
.27
1.36
.94
18.14
6.83
1.70
.30
.84
.72
3.47
3.66
.62
15.18
5.69
1.16
.28
.65
.64
2.97
2.89
.90
13.19
1.78
1.07
1.72
3.02
.96
1.03
.86
2.75
12.07
1.50
1.31
1.09
2.74
.99
1.17
1.05
2.22
39.24
11. 31
5.62
.62
7.20
1.33
2.22
7.32
3.62
34.40
9.59
4.73
.72
5.57
1.27
2.43
6.35
3.74
32.39
6.31
1.98
28
6.21
1.59
1.51
6.91
7.60
33.58
6.52
1.96
28
5.81
2.13
1.89
7.48
7.51
.06
.03
.27
.09
.42
.12
3.64 1
.30
1.93
.11
.79
.21
.88
.23
01
.42
.06
.46
.11
.23
.21
03
.24
.26
.21
.08
.09
.05
.02
.11
.03
.02
8.34
5.64
12.05
8.51
7.12
2.00
.06
1.60
1.60
.77
.69
.74
.56
. 15
.62
.09
.14
3.96
.13
2.45
.10
.05
.09
.82
.10
82
.09
.15
.06
.15
.15
.10
.14
33.91
7.05
.05
14.44
12.37
28
1.59
.22
.72
.91
.54
1.89
1.41
.22
5.99
.41
.24
.02
.08
.01
.07
.32
6.06
.40
.24
.85
.08
2.10
.26
1.61
.81
.75
2.00
13.15
1.05
.57
1.08
1.49
.09
2.15
85
1.67
1.33
.86
2.01
.30
.31
.70
6.31
97
10.80
.91
.52
4.74
.49
.62
6.08
1 03
18.88
.66
1.12
1.21
1.81
1.99
.87
.69
5.04
.81
2.41
2.27
.34
.46
.36
1.24
.06
2.19
3.25
17.58
.44
.80
1.31
1.42
1.77
.85
1.06
4.45
.78
1.95
2.75
4.41
.36
.11
.10
.92
1.81
.11
3.09
3.40
33.20
4.11
3.74
1.79
3.81
1.39
3.28
3.77
3.93
2.33
2.35
2.70
.01
.06
4.56
.25
.08
.90
9.52
1.24
1.18
39.39
.10
1.39
1.28
2.63
26.31
7.34
.34
1.43
.01
4.33
.19
10.96
1.06
1.17
38.19
.13
1.30
1.39
2.99
23.93
8.07
.38
1.05
.41
1.31
1.06
37.26 36.14
11.39 11.00
3.26
2.98
3 01 2 97
4.08
3.94
3.33
3.36
3.56
3.46
5.46
4.74
3.69
3.17
29.52
.33
.11
1.10
4.94
15.06
7.69
.29
.48
1.10
.74
.59
.36
30.44
.62
.10
1.09
4.23
15.42
8.29
.69
1.63
.67
.39
.60
.08
27.87
1.12
1.48
12.19
.11
23.26
.19
.06
.93
3.19
13.24
5.33
.32
1.44
.56
.44
.51
.46
.14
1.02
.88
.96
3.29
24.22
.37
.07
1.10
3.05
12.75
6.60
.28
7.12
.27
.14
.34
14.72
8.25
2.40
2.31
.02
22.98
1.38
1.60
11.06
3.16
6.79
.35
.12
7.60
.06
.07
.57
.41
2.99
2.06
1.44
29.79
3.21
3.86
2.45
2.08
1.17
3.77
3.14
3.25
2.14
2.37
2.35
5.66
.28
.15
28
14.44
7.03
2.76
2.14
7.77
5.95
.32
.10
65.34
5.99
.10
.06
.01
.13
1.85
.56
6.49 ! .50
47.19
1.72
9.51
1.70
.19
1.32
.03
.04
.07
4.67
41.9
.97
.62
3.63
3.15
.22
.06
.29
.06
.21
.27
.20
.28
38.51
7.90
.02
13.17
17.42
1,182
2,608
916
2,332
477
1.03
.75
1,032 '
1.42
1.28
1.50
2.04
436
966
1.35
3.77
1
Chemicals
and allied
products
1940
1946
5.68
1.80
.07
3.56
.03
.18
.04
4.97
1.85
.08
2. 72
1.58
.31
1.33
1.04
45. 25 42.13
3.77
3.10
.05
.05
1.65
1.48
15.52 12.93
14.20 13.69
7.49
6.88
3.39
3.18
31.48
29.42
.09
1.98
10.06
8.08
10.81
.55
1.16
7.49
6.87
13.19
.62
16.33
.61
.26
.60
.95
.82
1.20
.50
6.98
1.01
55
.03
.10
.78
4.32
9.69
.80
72
.20
.50
7.03
03
.33
6.23
4.23
.06
.10
.03
.07
.23
.11
13.47
.53
.25
.55
.20
.05
.20
.94
.66
1.27
.39
1.25
.48
.70
.36
3.63
4.06
2.92
.17
2.89
.16
1.96
.09
3.87
.08
22.12
21.09
.08
63
.08
57
.02
23
.30
10
12
.23
.97
.77
.60
2.08
1.62
. 24
3.25
35.12 34.74
14.13 14.89
2.03
1.96
1 25 1 08
3.17
3.51
2.21
2.04
2.58
2.82
6.83
7.09
2.02
2.25
28.29
7.61
2.89
60
5.25
.94
2.74
7.31
.95
25.85
6.96
3.02
65
5.03
.83
2.38
6.08
.90
19.29
6.53
6.72
18.99
6.69
5.20
1.04
.49
.68
3.38
.45
1.04
.50
1.04
4.20
.32
4.51
.13
.06
2.60
.49
4.04
.12
.05
2 05
.34
.04
.01
2.04
.96
.16
.26
.63
22
.57
15
.51
.07
.56
.13
.45
.11
.15
1.30
.15
.01
.72
.04
.27
02
.14
.24
.07
.12
.20
.06
.03
.11
.03
08
7.39
5.78
05
7.83
6.09
4.39
3.90
504 1 1,167
1946
1.85
.36
2.23
.46
11
1.20
3.18
1940
100.00 100. 00 100.00 100. 00
2.66
.53
14
6.79
2.41
Products of
petroleum
and coal
05 1
.59
5.55
4.17
05
4 94 4 03
17. 08 16.94
"""."63"
32
34
.88
1.09
13.77
13.67
15.19
15.05
.57
.99
1.10
.16
.33
1.17
.10
.07
.07
1,022
1,954
811
1,966
308
740
.16
SURVEY OF CURRENT BUSINESS
16
August 1947
Table 6.—Percent Distribution, by States and Regions, of Wages and Salaries in Specified Manufacturing Industries, 1940*
and 1946—Continued
Rubber
products
1940
Continental United States
1946
100.00 100.00
Leather and
leather
products
Stone, clay
a n d glass
products
1940
1940
100.00
New England _
. .__ 15. 86 16.04 30.40
.69
4.94
3.77
Connecticut
3.99
.04
.07
Maine
- 19.47
9.85
Massachusetts
8 27
.12
5.98
New Hampshire
Rhode Island
2.01
.11
2.61
.22
.16
Vermont
33.13
Middle East
17.63 15.53
.32
.54
Delaware
.85
District of Columbia
~~~~65~ " I " 09"
"
L
2
1
"
Mar viand
6.29
3.67
New Jersey
8.19
3.27
19.26
New York
4.50
7.84
Pennsylvania.
_ _
3.41
4.78
.42
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
_
__
_.
-
- - --
28.73
. 55
3.65 |
19. 32
4.94
.13
.14
35. 62
.81
.01
.81
2.85
23.81
6.91
.42
100.00
5.91
5.13
.86
1.18
.16 !
.27
3 31 f 9.30
.21
.23
.21
.37
1.03
.91
40.51
.06
.17
1.39
6.96
9.71
16.44
5.78
100.00
8.04
4.01
.07
3 08
.07
.73
.08
1946
1940
1946
1940
1946
39.98
36.82
.06
.22
.05 ;
.02
1.46
6.39
3.18
9.87
6.95
15.83
21.71
6.32
1.97
33.14
.21
.02
2.33
3.08
7.03
19.01
1.46
34.47
.06
33.46
.04
.02
.85
~~i~32~
7.64
9.02
14.93 15.89
7.96
7.83
1.06
1.31
24.77
.10
.01
.65
4.68
9.46
9.75
.12
23.51
12
.01
.62
4.46
10.57
7.60
.13
1.63
.14
.01
.06
.28
.38
.17
.03
.19
.05
.22
.10
2.10
.19
.02
.13
.34
.49
.18
.10
.24
06
.28
.07
.35
1.54
.36
1.97
.47
2.88
.14
.05
.62
.02
.01
.22
21
.38
2.40
.32
.38
47
1.23
1.77
.01
86
1.98
.44
.04
58
.92
1.97
.01
1.83
1.08
.06
.01
24
. 77
31
1.65
28
1.48
05
.17
.32
.61
04
.08
45
.12
.32
.61
2.03
.06
.02
68
1.27
56.87
2.57
4.90
.36
8.07
.04
.32
38.56
2.05
53.86
1.68
4.76
.47
7.36
.34
.53
36.32
2.40
30.14
7.79
.64
.19
1.73
.37
8.54
4.92
5.96
27.34
7.57
.66
.24
1.47
.43
7.92
3.82
5.23
35.17
7.53
4.54
1.06
2.41
1.61
2.81
14.62
.59
34.38
7.26
4.26
.91
2.52
1.92
2.95
13.77
.79
45.34
10.59
6.71
.46
6.51
.72
1.39
16.91
2.05
47.76
11.07
5.61
.71
10.80
1.24
1.43
14.42
2.48
32.63
10.65
2.74
.12
6.32
.40
1.23
8.62
2. 55
33.10
9.89
3.30
.18
5.59
.72
2.21
8.24
2.97
52.97
14.14
3.91
1.40
9.62
1.03
1.29
14.46
7.12
55.02
13.83
4.31
1.43
10.27
1.36
1.55
16.03
6.24
1.37
1.33
2.48
1.98
.01
.32
.29
.21
.38
.27
.03
.05
1.77
.46
04
.56
.09
.90
.54
01
.16
.01
.04
.17
.05
.05
1. 56
.42
.04
.48
.10
.21
.02
.04
.19
06
.23
.03
06
.22
08
.07
.01
1.10
.52
.02
.22
.02
.12
2.69
.29
.02
.06
1.25
.15
.02
.46
.12
.01
.19
.01
.12
.10
.01
.19
.90
1.89
.29
.09
.04
.74
.22
.01
.04
.44
. 02
7.74
6.52
.08
.30
.84
3.50
3.01
4.78
4.11
3.44
2.55
.21
.28
.27
.40
1,151
2,113
4, 511
.01
4.82
4.74
5.88
5.79
1.36
1.17
2.13
1.89
.04
.04
.05
.04
.11
.08
.12
.12
6.40
5.51
.04
.19
.66
249
758
376
838
526
.02
1.09
13.54
13.63
13.49
.13
.43
.95
.74
.93
.26
.71
.50
1.43
.87
.57
- -.
41.90
4.65
2.05
.04
.10
.27
.67
.16
.02 i
.16 !
.02
.16
.04
8.42
.93
.32
.44
1.22
.58
.82
.48
.99
.03
i .29
.68
~~~~32~ "~~39~
.40
1.23
1.51
2.42
1.10
1.41
1.22
1940
4.78
2.35
.03
.05
.22
.86
.13
.01
.10
.01
73
29 1
2.76
.22
5.19
.01
.07
.02
.49
.56
.01
Electrical
machinery
8.12
.91
.39 i
1946
I
; 100.00 100.00 100.00 100 00 ioo no ! inn on mn no
7.49 1 21.44 i 17.87 14.44 12.75 13.01 14.46
3.71 15.18 10.79
5.38
5.86
4.52
4.41
.33
.10 ! .02
.01 1
.38
.06
2.80 ; 4.30
5.35
4.79 ; 5.68
9.08
7.94
.02
.23
.12 !
.07
.35
.08
.05
.98 i
2.20
1.45
.70
.63 i 1.92
.61
.48
.01
.72
.02
.07
1.29
.28
4.36
.03
_
Far West
California
Nevada
Oregon
Washington
Addendum: U. S. totals (millions of
dollars)
100.00
1940
Machinery
(except
electrical)
!os
.48
24
_-
100.00
1946
Nonferrous
metals a n d
their products
5.64
1.73
.01
.07
.09
.01
.03
.52
.20
3.29
.92
_
1946
Iron and steel
and their
products
Ri
5.09
3.35
.82
.17
.14
.15
.02
.02
. 18
.08
63 i 1 94.06 ,
.13
38.60
.01
.04
1.75
11.80
14.05
10.74
.21
TransportaMiscellaneous
tion equipment includ- manufacturing
industries
ing autos
1940
1946
1910
inn on inn nn ! inn nn
4.71
2.52
.38
1 76
"."To*"
inn no
5.12 ! 14.69 ! 14.25
3.24
2 38 i 4 06
.40
.08 !
.07
1 QR
7.52 i 7.89
?,n
.49
.44
2.31
.16
2.36
.30
.18
22.05 22.07
53. 54
.19
.21
.06
.10
.03
.92
2.28 ~"3~46~
5.59 I 8.67
7.55
7.20 i 36.06
6.76
5.46
7.38
5.21
.15 1 .35
.03
.64
.96
3.31
.30
.03
! .:os.
j 1 .02 "~"02~ ~"~24"
.10
.11
.26
.40
!
.35
.20
.02
.02
!
.23
.07
.02
!
.13
in
02
.06
;
.01
'
!
.20
.05
.21
m
1 68
1946
4.64
1.88
.54
.02 ~~~."68~
.18
.53
.35
.37
.35
.23
.08
.54
.49
.38 """."16"
.07 ! .04
.20
.37
1 27
.33
51.12
.24
.07
.97
8.73
35.16
5.74
.21
1.91
.08
.12
.17
.30
.30
.05
.04
.11
.01
.42
.31
.21
.04
.53
2.05
.01
.47
.02
04
.13
06
.47
23
1.81
04
.41
.56
.01
.01
.07
.47
42.04
13.87
6.31
.20
3.15
.66
2.12
13.42
2.31
42.78
15.99
7.40
.48
3.08
.98
2.48
9.81
2.56
59.58
2.35
5.35
.13
42.34
.20
1.36
5.36
2.49
48.80
3.67
5.61
.31
27.59
.31
1.39
7.27
2.65
26.29
11.37
1.70
1.09
2.83
.66
1.50
5.66
1.48
27.64
11.32
1.22
1.18
4.41
.88
1.34
5.65
1.64
.10
.02
.52
.03
.34
.02
1.11
.11
.05
.28
.29
.89
.03
.21
.01
.10
.01
.01
.71
.24
.04
.23
.01
.12
.01
.02
.04
.67
.25
.02
.08
.02
.18
.02
.02
.08
.86
.45
.04
.11
.03
.13
.01
.01
.07
.01
3.76
3.15
4.14
3.45
2.09
1.98
2.47
2.31
9.48
8.09
16.21
12.66
2.46
2.03
.06
.83
6.19
4.75
.21
.22
1.01
.21
.40
.34
.35
.06
.05
.07
.09
.10
1.29
.82
2.73
.25
.18
3.66
3.21
.01
.22
.22
521
1,335
1,454
3,928
635
1,947
1,593
3,715
488
1,348
.02
Source: Office of Business Economics.
payments for 1929, 1940, and 1946. Correlative data included in the table are
percentage distributions of private income payments and percentages of total
income payments formed by government
income payments. Table 8 furnishes
separate data on income payments from
the Federal Government, State and local
governments, and social insurance funds.
To assist in an evaluation of the relative
importance of the three categories in
contributing to changes in the shares of
total government income payments received by the States, the percentages of
total government income payments ac
counted for by each of these three in
1946 also are shown in the table. These
data, moreover, are of considerable interest in themselves. For this type of
analysis, changes in national totals—
shown as an addendum in the table—
also must be taken into account.
Government income payments comprise payments to individuals in such
forms as civilian wages and salaries, military payments, interest, veterans' pensions and benefits, payments to farmers,
relief, and social insurance benefits. It
should be emphasized that the data
measure only income payments flowing
directly to individuals. They do not take
account of income arising from government purchases from business, or the
indirect, secondary effects of government
spending on the general income stream.
For each of the years 1929, 1940, and
1946 the share of the national total of
government income payments received
by the States, relative to the share of
private income payments received,
tended to vary inversely with per capita
income levels. In the low-income States
of the South and Northwest the share of
total government income payments received exceeded the share of private in-
SURVEY OF CURRENT BUSINESS
August 1947
the Middle East declined from 1929 to
1940, and from 1940 to 1946. Over this
period increasing shares accrued to the
Southeast, Southwest, and Far West. In
each of these five regions, changes in the
share of government income received
were in the same direction—and indeed
contributed to—changes in the share of
total income payments. An interesting
exception to pattern, however, is the
Northwest. Whereas the region's share
of total income payments rose sharply
come payments. Conversely, in the
States with high per capita incomes the
share of government income payments
received was generally smaller than the
share of private income payments. A
notable exception is the Par West, where
higher-than-average incomes were associated with a relatively large share of
government income payments.
Larger Role of Government in 1946
The share of all government income
payments received by New England and
Table 7.—Percent Distribution of Private Income Payments and Total Government
Income Payments, and Total Government Income Payments as Percent of Total
Income Payments, by States and Regions, 1929, 1940, and 1946
Percent distribution
Privat 3 income payments i
State and region
1929
Total government 2income payments
1940
1946
1929
1940
1946
Total government income payments as a
percent of total income payments
1929
1940
1946
_. 100. 00
100. 00
100. 00
100. 00
100. 00
100.00
7.3
13.4
17.4
- ._
8.23
1.79
8.21
1.98
7.20
1.84
8.16
1.41
7.20
1.18
6.53
1.04
11.9
- -
4.58
.36
.70
7.3
5.9
8.1
7.6
14.6
12.8
14.4
12.5
12.2
16.1
10.7
19.8
17.8
15.7
17.2
16.1
Middle East
Delaware
District of Columbia _
_ .
Maryland
New Jersey._
_ ___
New York
Pennsylvania _
_
West Virginia
_
__
12.6
8.0
42.0
12.1
10.4
12.0
11.2
9.9
16.8
12.4
49.3
20.5
16.4
14.4
16.0
16.6
Southeast
Alabama
Arkansas .
__. _
Florida
Georgia
Kentucky
Louisiana .
_
Mississippi__ __ _ _ ______
North Carolina
South Carolina
_ _ _ _ _ _ ._
Tennessee
Virginia,
___
_.
15.4
15.4
17.1
13.5
15.1
14.1
16.2
21.4
12.2
17.8
14.6
17.1
22.0
22.7
21.4
23.2
21.0
20.1
22.0
25.8
18.2
21.3
20.2
27.5
7.8
12.0
12.5
7.5
7.2
15.7
20 2
18.6
17.7
14.4
21.8
20 6
27.6
24.2
20.8
Continental United States
New England
_ ___ _
Connecticut
Maine Massachusetts ___ _
._
New Hampshire
Rhode Island
__
Vermont
Southwest
Arizona
New Mexico
Oklahoma..TexasCentral.- -_ _
Illinois
Indiana
Iowa
Michigan _ _
Minnesota.-.
Missouri. .
Ohio
Wisconsin
_
Northwest
Colorado
Idaho
Kansas , .
Montana
Nebraska __.
North Dakota
South Dakota
Utah __
Wyoming
.60
.62
.62
3.67
.33
.60
4.17
.38
.63
.25
.23
4.75
.44
.67
.29
.22
3.78
.29
.59
33.89
.27
.58
1.34
3.96
17.73
9.04
.97
32.33
.33
.80
1.63
4.28
15.84
8.41
1.04
28.58
.27
.63
1.54
3.68
14.00
7.47
.99
31.22
.21
3.16
1.38
3.92
14.72
6.94
.89
30.28
.19
3.75
1.46
3.22
14.04
6.88
.74
27.28
.18
2.90
1.88
3.42
11.22
6.75
.93
10. 37
.97
.67
.82
1.15
1.16
1.03
.65
.116
.51
1.09
1.16
11.64
.98
.62
1.19
1.27
]. 15
1.08
.53
1.51
.68
1.21
1.42
13. 07
1.15
.75
1.30
1.45
1.24
1.11
.63
1.77
.79
1.45
1.43
12.20
1.04
.77
1.16
1.24
1.21
1.16
.77
1.32
.74
1.19
1.60
13.74
1.16
.83
1.20
1.47
1.22
1.36
.94
1.36
.96
1.33
1.91
5.00
28
.18
1.30
3.24
5.02
.29
.24
1.04
3.45
5.43
.36
.25
1.00
3.82
5.32
49
.33
1.34
3.16
6.04
47
.35
1.45
3.77
17.39
1.59
.96
1.86
1.83
1.47
1.48
1.03
1.87
1.01
1.73
2.56
7.17
44
.46
1.51
4.76
29.52
8 67
2.27
1.62
4.26
1.73
2.70
6 03
2.24
29.10
7 77
2.50
1.59
4.65
1.81
2.57
6 06
2.15
29.21
7 40
2.69
1.86
4.48
1.82
2.59
6 04
2.33
26.92
6 58
2.35
1.73
4.66
2.01
2.39
5 03
2.17
25.07
6 24
2.15
1. 83
3.62
2.30
2.25
4 60
2.08
23. 68
5 65
2.13
1.40
3.76
1.80
2.48
4 62
1.84
6.7
57
7.6
7.8
8.0
8.4
6.6
62
7.1
11.7
11 0
11.8
15.0
10.7
16.4
11.9
10 5
13.0
14.6
13 9
14.3
13.7
15.0
17.2
16.8
13 9
14.3
4.63
.75
.27
1.17
.38
.91
.34
.32
.18
4.10
.72
29
.93
.39
.68
.28
.28
.34
.19
4.90
.76
35
1.17
.40
.89
.37
.40
.36
.20
6.27
1.03
38
1.57
.62
.97
.48
.51
.42
.29
6.61
1.12
41
1.44
.61
1.23
.55
.54
.43
.28
5.40
1.05
35
1.23
.39
.84
.37
.37
.62
.18
9.7
9.9
10 1
9.5
11.5
7.7
11.0
10.7
9.4
11.4
19.9
19.2
18.1
19.2
19.2
21.9
23.7
22.7
16.5
18.9
18.9
22.5
17 8
18.2
17.2
16.7
17.3
16.4
26.4
16.0
8.36
6.26
.09
.71
1.30
9.60
7 26
.12
.83
1.39
11. 61
8 70
.14
1.04
1.73
9.91
7 07
.15
.95
1.74
11.06
8 21
.15
.87
1.83
12.55
9 16
.13
.91
2.35
8.6
82
11.9
9.6
9.6
15.1
14 8
16.1
13.9
16.8
18.6
18 2
16.9
15.5
22.2
.26
«._
_ __ _
Far West
California
Nevada . .
Oregon
Washington
.53
4.39
.35
.68
.54
___ ___
_._ _ _
8.4
31
.56
.21
8.8
7.0
8.2
6.8
5.7
30.0
7.6
7.3
6.2
5.7
6.8
8.5
7.8
8.3
10.1
7.8
7.6
8.2
8.6
8.3
10.3
8.0
9.9
i Represents total income payments to individuals minus governmnt income payments to individuals.
i Consist of all income payments to individuals by the Federal Government, State and local governments, and social
insurance programs. For specific composition see footnotes to table 8. Differ in definition from total government income
payments shown in table 4 by the inclusion ol Government payments to farmers. For the special purpose of this table
Government payments to farmers are included in government income payments rather than in private income payments as part of agricultural income.
Source: Office of Business Economics.
755297—47-
17
from 1940 to 1946 by virtue of a large
expansion of farm income, its share of
government income declined, mainly because of reduced Government payments
to farmers.
For the country as a whole government income payments increased substantially from 1929 to 1940—from 6.1
billions to 10.1 billions. Prom 1940 to
1946, however, the volume of government
income payments was tripled, whereas
total private income payments were
slightly more than doubled. Reflecting
a generally higher rate of increase in
government income payments than in
private income payments, in all regions
except the Northwest income payments
by government formed a larger percentage of total income payments in 1946
than in 1940. As already noted, government provided a larger impetus to total
income expansion in the South than in
any other area of the country.
Per Capita Income
State estimates of per capita income
payments to individuals are shown in
table 13 for the years 1929-40, 1945, and
1946. These are computed by dividing
total income payments by total population.2 Per capita income is thus a "per
person," and not a "per family" or "per
worker" average.
Since revised population data for
1941-44 are not yet available from the
Bureau of the Census, per capita estimates for those years are omitted from
the table. They will be published in a
special table in the September issue of
the SURVEY. The cooperation of the
Census Bureau in furnishing advance
tabulations of the State population data
for 1945 and 1946 makes possible the
presentation of per capita income for
those years in the present report.
Per capita income, unlike total income
payments, makes adjustment for geographic differences in size of population
and population change. This adjustment
assumes special significance for the period 1940-46 because of the extensive
shifts in residence that occurred in the
prosecution of the war effort and then
in the reabsorption of servicemen into
civilian pursuits and the relocation of
migrant war workers. As these shifts,
for the most part, had been completed
by the middle of 1946, the per capita income estimates for that year are of primary interest.
The per capita income of the continental United States in 1946 was $1,200.
This was 2 percent higher than the 1945
2
See note 3 of the appended section on
"Technical Notes."
SURVEY OF CURRENT BUSINESS
18
Map 2.—Per Capita Income Payments to Individuals, 1946
I $1,275 AND OVER
| $1,150 TO $1,274
[2222
$850 TO $1,149
t/ml
UNDER $850
UNITED STATES $1,200
Source of data : Office of Business Economics.
figure of $1,177. In this connection, it
should be noted that the increase (7 percent) in the population of the Continental United States last year—due
chiefly to the return of servicemen from
overseas—was almost as large as the increase (9 percent) in total income payments.
This 7 percent Nation-wide increase in
population by no means held uniformly
throughout the States. Relative to Nation-wide developments, therefore, for
some States the 1945-46 change in per
capita income differed appreciably from
that in total income.
State estimates of per capita income
for 1946 are shown in map 2. For most
States, per capita income last year was
at a peak level. In every section of the
country average incomes of individuals
approached or bettered war-time highs.
For the country as a whole, per capita
income payments to individuals in 1946
were 109 percent above the average of
$575 for 1940. In 37 of the 49 States, the
average income of individuals in 1946 was
at least double the 1940 level. In a number of agricultural States of the South
and Northwest, it was two-and-a-half to
three times as large as the 1940 average.
Per capita incomes in 1946 ranged from
$555 in Mississippi to $1,703 in Nevada.
Others in the top rank included New
York ($1,633), the District of Columbia
($1,569), California ($1,531), New Jersey
($1,494), Delaware ($1,493), Illinois
($1,486), and Connecticut $1,465).
Among the several regions, highest per
capita incomes were received in the Far
West ($1,465), Middle East ($1,432), and
New England ($1,320). The Southeast's
per capita income of $801 was one-third
below the national average and two-fifths
below the composite average for the
other six regions. The per capita income of the Southwest was one-fourth
below the Nation-wide average. This
concentration of low-income States in
the South is the most striking fact revealed by the map. An array of the
States in respect to size of per capita income places all 15 Southern States
among the 16 States in the Nation with
the lowest averages.
Reduction of Inequality
Although the 1946 per capita income
data reveal broad geographic differences
in the levels of average income, these
were relatively somewhat less than those
prevailing before the war. Wartime developments had the effect of reducing
the relative, if not the absolute, differences among the States in respect to size
of per capita income.3
Table 9 shows that from 1940 to 1946
per capita income declined in relation to
the national average in the three highest
of the four "high-income" regions (those
with per capita incomes above the Nation's} and rose in relation to the national average in the three "low-income"
regions. This partial reduction of geographic inequality—which is an acceleration of prewar developments—is evident
also on a State basis. Of the 32 States
with per capita incomes below the na8
The average deviation of the per capita
incomes of the individual States from the
United States average (each State being
weighted by its population) increased from
$170 in 1940 to $234 in 1946. Relative to the
United States per capita income, however,
the average deviation declined from 30 percent in 1940 to 20 percent in 1946.
August 1947
tional average in 1940, 29 scored 1940-46
percentage advances exceeding that for
the country as a whole. Conversely, of
the 17 States having above-average per
capita incomes in 1940, 16 registered
gains from 1940 to 1946 that fell short of
the Nation-wide average.
Nearly all the low-income States, it is
to be noted, place unusual, if not primary,
dependence upon agriculture as a source
of income. For most of them, maintenance of the relative income gains
achieved since 1940 will depend on a continued high demand for farm products.
In view of the sensitivity of farm prices
and income to general business activity,
this in turn will depend in large measure
upon continued prosperity and full employment.
In table 10 are shown, for the United
States and the several regions, total income payments, population, and per
capita income payments in 1946 as a
percentage of 1940. In order to facilitate
comparison of the ratios of total income,
population, and per capita income for
each region with those for the country
as a whole, the regional percentages are
also expressed in terms of the percentage
for the United States taken as 100.
Most striking is the very large increase
in population (37 percent) that accompanied the upsurge of total income payments in the Far West between 1940 and
1946. Although the Far West experienced the largest growth in total income
of any region, its rise in per capita was
of less-than-average proportion—considerably below the gains scored by the
Northwest, Southeast and Southwest.
Disposable Income by Regions
The Commerce Department's national
estimates of "disposable income" (the income remaining to persons after deduction of personal tax and certain other
payments to governments) have been
used widely in market analysis. Because
of several statistical incomparabilities
between the State data on income payments and the available State data on
taxes, it has not been possible to develop
reliable measures of disposable income
by States.
Study has shown, however, that the incomparabilities are minimized on a
larger-than-State basis and that for the
regions a satisfactory and reasonably
comparable series on income-tax payments by individuals can be derived. In
table 11 are presented, for the first time,
regional estimates of income payments
to individuals after deduction of incometax payments to Federal and State governments. These data on disposable in-
August 1947
SURVEY OF CUKRENT BUSINESS
come4 are shown on both a total and per
capita basis.
As might be expected, the regional distribution of disposable income, as compared with that of income payments (see
table 1), assigns larger shares to the
regions where per capita income is relatively low and smaller shares to the regions where per capita income is relatively high. In the years 1929 and 1940
income taxes absorbed less than 2 percent of aggregate individual incomes, and
the regional distributions of disposable
income and income payments were very
similar. Larger differences between the
two distributions are found in 1944 and
1946, when rates of income taxation (particularly Federal) had increased sharply
and, in general, individuals had moved
into higher income brackets. In these
years approximately one-seventh of all
income payments were drawn off by Federal and State income taxes.
The differences between the two distributions for 1944 and 1946, however,
should not be exaggerated. For each of
five regions in 1946, the share of the
Nation's disposable income received differed by 1.5 percent or less from the
share of total income payments received.
In the two other regions, the Northwest
and Southeast, the differences in the
shares received were only 2.0 percent
and 2.5 percent, respectively.
Interest attaches also to a comparison
of changes over time in the regional distributions of disposable income and income payments. As already indicated,
from 1929 to 1940 the changes in the
two distributions were much the same.
From 1940 to 1946 income expansion was
relatively larger in disposable income
than in income payments for the lowincome regions, and it was relatively
smaller in disposable, income than in income payments for the high income regions. With the exception of the Far
West, then, the 1940-46 regional income
shifts already noted for income payments
are accentuated or sharpened on a disposable income basis. For the Far West
the change in the income share from
1940 to 1946 is less in disposable income
than in income payments.
As might be deduced, however, from
the fact that the regional distributions
of disposable income and income payments were very similar in 1940 and did
4
It should be noted that, although for convenience the term "disposable income" is
used, these estimates represent income payments minus individual income taxes (less
Federal income tax refunds), with no deduction being made, as in the Department's national series, for the relatively small amount
of other personal taxes and of "nontax payments." The latter comprises items such as
public tuition fees, public hospital fees, and
fines and penalties.
19
were published by the Department of Commerce in the special National Income Supple-
not differ markedly in 1946, the 1940-46
shifts in income indicated by the two
measures are not substantially different.
ment to the July 1947 SURVEY OP CURRENT
BUSINESS (available for 25 cents from the
Superintendent of Documents, U. S. Government Printing Office, Washington 25, D. C, or
from any of the Department of Commerce
field offices). The new series include a num-
Technical Notes
1. Revised national income and national
product series covering the period 1929-46
Table 8.—Percent Distributions of Income Payments From Federal Government,
State and Local Governments, a n d Social Insurance Funds, by States and Regions,
1929, 1940, and 1946
Percent distr ibution of income payments from—
State and region
and local govFederal Government 1 State
ernments a
Social insurance
funds 3
Individual components
as a percent of total
government payments, 1946
1946
Federal
State
and
local
Continental United
States
__ 100. 00 100.00 100. 00 100.00 100.00 100.00 100.00 100.00 100.00
67.7
24.1
59.5
54.9
69.3
57.2
64.8
66.7
66.7
30.7
32.7
22.6
33.5
27.6
21.5
26.6
23.3
26.4
5.2
1929
1940
1946
1929
1940
1946
1929
1940
8.87
1.59
7.84
1.59
.58
.31
8.85
1.15
5.24
.33
.52
6.18
.04
.71
5.53
.36
1.06
4.34
.27
.85
.23
.04
.16
.17
26. 29 50.15
38.00
37.71
Social
insurance
funds
8.2
5.72
5.73
.71
.70
.85
.63
.64
.78
3.16
.38
.53
3.20
.27
.58
5.12
.36
.61
.40
.24
.20
.26
4.65
.39
.62
.22
30.66
25.71
26.36
30.38
32.17
.21
Delaware . . . . . . .
District of Colum8.35
bia
1.80
Maryland
2.38
New Jersey
10.53
New York
6.54
Pennsylvania
.85
West Virginia
.15
.17
.21
.22
.20
.09
.19
.19
65.4
65.0
8.57
1.85
1.82
7.78
4.97
.57
3.83
2.09
3.15
9.63
6.57
.92
.60
.62
.62
1.15
4.59
15. 83
7.06
.94
1.15
4.11
17.33
7.86
.88
1.24
3.41
13.29
6.56
.97
1.63
1.50
5.92
32.32
8.34
.35
1.32
1.56
4.03
21.02
9.16
.72
1.93
2.04
5.69
18.10
8.83
.93
89.4
75.3
62.3
58,1
65.9
66.7
15.9
24.1
28.7
23.4
25.2
19.29 20.18 11.10
1.70
1.83
.98
.63
1.37
1.15
1.39
2.09
1.20
1.02
2. 19 2.14
1.64
1.06
1.71
1.57
1.61
1.21
.67
1.58
1.26
1.38
1.48
2.17
1.58
.63
1. 15
1.86
1.95
1.07
2.93
3.12
1.25
10.56
12.58
1.13
3.98
8.80
8.69
1.05
17.4
17.1
15.0
19.5
17.2
16.7
21.1
15.5
18.7
20.4
18.2
13.8
4.1
5.4
3.7
4.5
3.6
4.6
5.0
2.2
7.55
New England
1.13
Connecticut
.74
Maine
Massachusetts.. _ _ 3.86
New Hampshire
Rhode Island. __ _
Vp.rtn on t
Middle East
Southeast
Alabama
Arkansas
Florida
Georgia
Kentuckv
Louisiana _
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
_._
15.30
1.22
1.12
1.18
1.76
1.60
1.13
1.05
1.33
1.03
1.46
2.42
6.32
.69
.54
1.48
3.61
8.29
.59
.49
1.S9
5.32
Ohio
Wisconsin
23.60
5.61
2.44
1.75
2.73
1.72
2.85
4.62
1.88
21.23
4.81
1.97
2.23
2.19
2 40
2.45
3.56
1.62
Northwest
Colorado
Idaho .
Kansas
Montana
Nebraska
North Dakota
South Dakota
Utah
Wyoming
7.13
1.19
.42
1.78
.82
1.11
.44
.55
.42
40
Southwest
Arizona.. . . .
New Mexico
Oklahoma
Texas
Central
Illinois
Indiana
Iowa_ _
Michigan
Minnesota
Missouri
Far West
9.44
6.30
California
.18
Nevada
Oregon
_ __ _._ 1.01
Washington
_ 1.95
Addendum: U. S. totals
(millions of dollars) _ _ 1,968
9.02
1.27
.51
1 89
.87
1.91
.91
.83
.44
39
10.74
7.39
.18
.97
2.20
8.03
.47
.47
1.64
5.45
8.44
1.54
.55
5.07
.40
.24
1.34
3.09
21.92 28.67
6.92
5.28
2.35
2.01
1.37
1.79
5.73
2.92
1 74 2.16
2.25
2.61
5.15
4.29
1.70
2.32
5.60
1.11
.36
1.23
.39
.86
.37
.40
.70
18
6.09
.98
.39
1.54
.54
.93
.52
.51
.43
25
12 18 10.25
8.96
7.49
.14
.14
.81
.96
2.27
1.66
3,898 19,989
3,868
7.98
1.53
.57
.83
.49
1.08
1.07
.99
1.28
.58
8.31
1.41
.60
1.50
1.31
1.02
1.29
.66
.59
n
8.8
13.6
13.2
10.7
8.1
.64
.32
1.22
1.19
2.74
.22
.09
.76
1.67
75.8
73.6
69.5
73.6
77.3
21.1
22.4
28.9
22.3
19.8
3.1
4.0
1.6
4.1
25.88 26.40
9.23
8.38
2.10
1.59
.44
1.02
4.11
3.18
1 99 2 06
.71
1.61
6.62
5.59
2.12
1.53
26.05
7.43
2.33
.89
5.16
1 44
2.10
5.29
1.41
62.6
63.2
64.1
66.2
52.5
65 6
71.2
62.9
62.6
28.4
26.1
27.0
28.6
36.3
27.8
21.9
27.8
31.1
9.0
10.7
8.9
5.2
11.2
6.6
6.9
9.3
6.3
3.44
.80
.25
.65
.46
.55
.15
.11
.31
.16
2.77
.46
.11
.97
.20
.45
.08
.12
.31
.07
70.1
71.5
68.7
67.9
67.3
69.1
68.1
72.6
76.9
67.5
25.7
24.9
28.8
25.7
28.5
26.5
30.0
24.9
18.9
29.5
4.2
3. 6
2.5
6.4
4.2
4.4
1.9
2.5
4.2
3.0
8 17 11.86
6.58
9.45
.11
.64
.31
1.66
1.28
14.20
10.17
.05
1.14
2.84
65.7
66.3
68.0
60.5
65.5
25.1
24.7
28.7
29.3
24.7
92
9.0
3.3
10.2
9.8
1,043
2,404
.49
6.25
.41
.55
1.40
3.89
1.06
.09
.04
.22
.71
2.65
.22
.17
.57
1.69
7,132
8.6
.80
.84
.90
.28
5.03
.44
.28
1.29
3.02
5,194
6.7
11.3
1.01
.68
.40
1.19
1.23
11 13 13 02
8.58
9.36
.13
.16
.84
1.10
1.58
2.40
7.6
11.8
.80
.84
.93
.36
.79
.50
.18
.18
.93
5.74
1.09
.42
1 31
.46
.92
.45
.39
.48
22
8.1
9.3
1.08
.35
.18
.35
.44
.26
.49
.13
1.45
.86
1.30
1.46
5.44
1.06
.38
1 25
.45
.85
.36
.41
.45
23
9.8
12.4
78.5
77.5
81.3
76.0
79.2
78.7
73.9
82.3
78.5
77.0
76.1
82.4
1.41
.60
.96
1.27
27.69 27.81
6.90
6.11
2.30
2.38
1.68
1.66
4.59
5.66
2 28 2 07
2.22
2.25
5.17
5.32
2.55
2.36
.62
1.89
.49
.04
.23
.26
.44
.13
.04
.26
226
.44
2.8
2.6
5.7
3.8
2.9
1 Comprises pay of civilian employees, net pay of armed forces, family-allowance payments to dependents of enlisted'
military personnel, voluntary allotments of military pay to individuals, mustering-out payments to discharged servicemen, enlisted men's cash terminal leave payments, interest payments to individuals, public assistance and other direct
relief (including grants to States for special types of public assistance), work relief, veterans' pensions and benefits,
and
Government payments to farmers.
2
Comprises wages and salaries, interest payments to individuals, public assistance and other direct relief (excluding-.
Federal grants for special types of public assistance), work relief, and State government bonuses to World War I I
veterans.
K<
3
Consists of old age and survivors insurance benefits, State unemployment insurance benefits, railroad retirement
insurance benefits, railroad unemployment insurance benefits, Federal civilian pensions, and State and local government pensions.
Source: Office of Business Economics.
SURVEY OF CURRENT BUSINESS
20
Table 9.—Differentials and Relative Changes in Per Capita Income Payments, by States
and Regions 1
Percent of nationa per capita income
Percent chan ge
State and region
1929
1945
1940
1946
1929 to
1940
1940 to
1946
Continental United States
100
100
100
100
-15
+109
N e w England
Connecticut
Maine
Massachusetts
N e w Hampshire
Rhode Island
Vermont
123
135
83
132
96
125
88
126
144
89
133
95
124
91
111
125
89
114
83
113
86
110
122
87
113
87
112
90
-13
-10
-10
-15
-16
-16
-13
+82
+77
+105
+77
+92
+88
+108
Middle East
.
Delaware
District of C o l u m b i a . .
Maryland
New Jersey
New York
Pennsylvania
West Virginia
136
135
175
103
139
165
113
68
131
156
188
124
140
150
109
69
119
121
117
111
129
135
104
74
119
124
131
108
125
136
103
76
-19
-2
-9
+90
+67
+45
+81
+86
+89
+97
+130
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
N o r t h Carolina
South Carolina. _.
Tennessee
Virginia
51
45
45
71
48
55
61
40
45
37
51
62
56
47
44
82
55
54
62
35
55
50
55
78
88
63
56
89
69
64
71
48
64
58
74
83
67
61
58
84
67
65
65
46
68
61
70
79
-6
-12
-12
-3
-4
-17
-14
-26
Southwest
Arizona
New Mexico
Oklahoma
Texas
68
84
56
67
68
69
82
62
62
72
80
87
72
72
83
77
83
76
69
80
-14
-17
-22
-11
+132
+110
+156
+132
+131
Central
Illinois
Indiana
Iowa
Michigan
M innesota
Missouri
Ohio
Wisconsin
106
137
86
80
110
83
90
110
93
105
126
94
84
113
89
88
112
90
104
121
99
85
103
85
90
113
98
105
124
97
99
101
91
95
109
100
-16
-22
-7
-11
-13
-10
-17
-14
-19
+109
+105
+114
+144
+87
+114
+126
+102
+132
Northwest
Colorado
Idaho
Kansas
Montana
Nebraska
North Dakota
South Dakota
Utah
Wyoming
79
91
76
78
89
82
57
61
79
101
79
91
77
73
100
75
64
65
83
105
95
101
94
91
104
92
93
94
91
98
97
100
101
89
116
97
97
102
S9
105
-15
-15
-15
-21
-5
-22
-5
-10
-11
-12
+156
+128
+182
+152
+143
+169
+216
+227
+121
+109
127
139
120
94
105
130
140
145
101
110
124
128
128
105
119
122
128
142
99
112
-13
-15
+95
+90
_
Far West
California
Nevada
Oregon
Washington
+1
-15
-23
-18
-14
+2
+13
-9
+7
Q
+2
-10
-11
+149
+174
+177
+114
+157
+153
+120
+175
+159
+155
+166
+112
+104
+105
+113
1945 to
1946
+2
+1
(22)
()
+1
+7
+1
+8
+2
+4
+14
-1
—1
+3
+1
+5
(2)
-2
+6
-1
' +4
-6
-3
+9
+6
-3
9
-2
-3
+7
-3
-2
+3
+4
-1
+19
+10
+8
2
+3
+4
+1
+12
-1
+14
+7
+6
+10
+10
(2)
+2
+13
-3
-4
1
Computed from data shown in table 13.
Less than five-tenths of 1 percent.
Source: Office of Business Economics.
2
Table 10.—Regional Comparisons of Total Income Payments, Population, and Per
Capita Income in 1946 With Those in 1940
1946 as percent of 1940, expressed on base of U. S.
percentage as 100
1946 as percent of 1940
Kegion
Income Popula- Per capita Income Popula- Per capita
tion
tion
income payments
income
payments1
Continental United States
New England
Middle East
Southeast
Southwest
Central
Northwest
Far West
- __ __
-
-
__
-_ .-
-
223
107
209
100
100
100
196
197
258
249
221
251
269
108
104
104
107
106
98
137
182
190
249
232
209
256
195
88
101
97
97
100
99
92
128
87
91
119
111
100
122
93
88
116
112
99
113
121
1
To obtain comparability with the population data, the residence adjustments used in the computation of per capita
income (see note 3 of "Technical Notes") were applied to total income payments.
Source: Income payments, Office of Business Economics; population, computed from data supplied by Bureau of the
Census and War and Navy Departments.
August 1947
ber of changes in definition. Also, they embody a complete statistical revision of former
series that was designed to utilize improved
estimating procedures and to base the estimates on the latest source data. Of particular note is that the name of the series on
"income payments to individuals" has been
changed to "personal income."
It has not as yet been possible to incorporate the revisions into the State income
series. The estimates contained in this report conform to the "income payments to
individuals" concept. The considerable job
of preparing State distributions of personal
income and its components for the years
1929-47 cannot be completed before the late
summer of 1948.
The State income estimates presented in
this report include revisions of estimates
previously published for the years 1942-45.
These revisions represent partly the incorporation of better and more complete statistical
information by States than was available
previously, but they stem also from the comprehensive revision of the national series
noted above. Beginning with 1942, the State
estimates of each of the components of nonagricultural proprietors' income and of property income were adjusted statistically in
conformity with the new national totals.
Moreover, one conceptual change—generally
of some magnitude for the important farm
States—was introduced into the 1942-46 estimates. This was the inclusion of the change
in all farm inventories in the computation of
the net income of farm proprietors. Formerly the change in farm inventories of crops
not held for sales was excluded, the definition of the change in farm inventories being
restricted to total livestock and to crops held
for sale. The estimates of farm inventory
change on the revised basis were made available by the Bureau of Agricultural Economics.
The value of change in inventories, it may be
noted, is included in farm proprietors' net
income in order to secure a measure of income from current production.
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, consisting of 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;
family-allowance payments and voluntary
allotments of pay to dependents of military
personnel; enlisted men's cash terminal leave
payments; and State government bonuses to
veterans of World War II. Income payments
are distributed among the States on a wherereceived basis (with the exception of wages
and salaries, as noted below). Only payments made to residents are included in the
estimates for the continental United States
and the individual States.
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 instances,
however, income was transferred from the
place of recipients* employment to place of
SURVEY OF CURRENT BUSINESS
August 1947
residence before computation of per capita
income. These are New York and New Jersey
and the District of Columbia, Maryland, and
Virginia. In this connection, it should be
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 listed 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
the midyear estimates of the Bureau of the
Census of the Department of Commerce.
For the years 1944-46 population totals used
are the sum of the civilian population from
the Bureau of the Census and military personnel, as compiled from monthly or quarterly data, from the War and Navy Departments.
21
Table 11.—Total and Per Capita Disposable Income, by Regions, Selected Years,
1929-46
Per capita disposable
income (dollars)
Total disposable income 1
Region
Amount (millions)
Percent distribut] on
1929
1929
1940
1946
1944
1929
1940
1944
1946
1940
1946
Continental United States
81, 289
74, 627 134,195 152, 713
100.0
100.0
100.0
100.0
669
566
1,082
New England
Middle East
Southeast- _
Southwest
Central
Northwest
Farwest
6,663
27, 072
8,657
4,127
23, 937
3,913
6,920
6,014
23, 666
9,025
3,867
21, 390
3,337
7,328
9,392
36, 524
20, 007
8,466
36, 878
6,917
16,011
8.2
33.4
10.6
5.1
29.4
4.8
8.5
8.1
31.6
12.1
5.2
28.7
4.5
9.8
7.0
27.2
14.9
6.3
27.5
5.2
11.9
7.0
27.7
14.3
5.8
28.4
5.1
11.7
822
902
341
461
711
532
855
712
734
318
395
597
451
739
1,177
1,272
740
843
1,144
1,068
1,309
10. 695
42, 516
21, 787
8,838
43, 289
7,751
17, 837
1
Equals total income payments to individuals minus Federal and State individual income taxes (less Federal income
tax refunds). To obtain comparability with the income tax data, the residence adjustments used in the computation
of per capita income (see note 3 of "Technical Notes") were applied to total income payments prior to the deduction of
income taxes.
Source: Office of Business Economics.
4. The regional classifications used in the
presentation of income payments by States
Table 12.—Total Income Payments to Individuals, by States and Regions, 1929-46 *
[Millions of dollars]
State and region
Continental United States
1929
1931
1932
1933
6,282 5,623
1, 337 1,178
432
381
3,512 3,156
279
259
527
477
172
195
4,481 4,264
911
888
298
297
2, 555 2,386
199
200
385
366
133
127
27, 840
218
638
1,106
3,268
.4, 479
7,338
793
25, 609
182
644
1, 036
3,081
13, 346
6,638
682
22,031
167
619
927
2,713
11, 435
5,580
590
17, 045
128
549
743
2,151
8,840
4,172
462
.6, 337
127
495
720
1,985
8,509
4,027
474
Southeast--.
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
8,681
802
562
695
956
964
862
544
966
438
905
987
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
419
287
439
560
530
499
256
576
261
498
654
Southwest
Arizona
New Mexico
Oklahoma
Texas
4,153
245
161
1,079
2,668
3, 428
208
170
137
116
844
659
2, 239 1,843
2,199
122
86
507
1,484
Middle East
Delaware
District of Columbia-Maryland
New Jersey.
New York
Pennsylvania
West Virginia
Central
Illinois
Indiana
Iowa
Michigan
Minnesota
Missouri
Ohio
Wisconsin
Northwest
Colorado
Idaho
Kansas
Montana
Nebraska
North Dakota
South Dakota
Utah
Wyoming
1934
82,617 73,325 61,971 47, 432 46, 273 53,038
6,792
1,459
449
3,787
302
579
216
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
1930
4,678
1,000
323
2,593
228
391
143
18,299
147
556
815
2,197
9, 369
4,627
588
1935
1936
Far West
California
N e vada
Oregon
Washington
1
3,927
633
230
997
325
764
264
288
272
154
5,217
74
603
1,104
1940
1941
5, 031 5, 673 5,900
1,096 1,267 1,356
398
353
408
2,757 3, 093 3,193
262
241
272
426
473
494
158
180
177
5,372
1,199
377
2,928
258
447
163
5,729
1,301
400
3,106
268
480
174
6,124
1,417
431
3.309
'269
511
187
22,783
203
813
1,074
2,859
11, 301
5,819
714
24, 319
239
905
1,222
3,138
11, 830
6,225
760
7,367
1,837
505
3,846
309
651
219
1942
1943
1944
1945
1946
8,971
2,341
673
4,528
350
826
253
10, 235 10, 711 10, 860 11, 995
2,648 2,713
2,635 2,877
857
864
917
847
5,141
5,447 5, 631 6,269
378
543
419
460
925
1,006
963
956
331
305
383
28, 203 33,277 38, 735 41, 994 43, 577 48, 031
402
315
374
393
278
430
1,508
1,254 1,448
1,607
1,736
1,040
2,008 2,409 2,536
2,501
2,716
1,516
5,794
4,552 5,381
5,774
6,16
3,676
13,384 15, 215 17,614 19,304 20, 454 22,895
7,404 8,847 10, 270 11,085 11,376 12, 437
1,365
1,239
1,086
1,472
1,656
905
19, 577
161
631
871
2,361
9,941
4,989
623
22, 448
192
763
1,000
2,690
11, 246
5,818
739
23, 481
205
792
1,067
2,835
11, 635
6,174
773
51, 503
178
781
1,000
2,658
.0, 759
5,438
689
5,136
419
288
425
596
534
487
256
677
299
516
639
6, 354 6,976
537
585
342
389
516
584
735
800
636
713
595
641
339
373
845
915
378
406
661
721
770
849
8,132
699
470
711
907
847
748
463
1,006
468
846
967
8,457
711
479
773
920
902
792
442
1,077
485
880
996
7,904
652
456
751
863
793
789
399
1,011
451
801
938
8, 414 9,043 11, 580 15, 509 19, 433 21, 476 22, 267 23,395
2,021
763 1,037
1,780
1,943
2,073
681
1,428
1,218
977
1,122
1,328
478
493
896
658
819
900 1,062 1,452 2,105 2,369 2,420 2,372
2,373 2,445 2,567
901
1,642 2,143
1,241
1,957
1,685
1,825
2,163
1,335
1,042
1,986
1,874 2,001
1,982
1,411
847 1,066
1,084
1,188 1,205
1,182
444
883
436
630
3,031
1,864 2,244 2,514 2,621
1,090 1,131 1,436
1,140
1,268
545
1, 303 1,407
959
703
493
1, 983 2,276
927 1, 221 1,528
2, 443 2,535
853
2,418 2, 597 2,648 2,755
1,127 1,484 2,111
2,299
120
90
537
1,552
2,623
149
113
583
1,778
2,924
167
131
666
1,960
3,402
202
162
753
2,285
3,804
232
177
841
2,554
3,583
213
165
767
2,438
3,756
227
179
796
2,554
3,908
237
190
829
2,652
4,734
287
222
956
3,269
6,517
445
299
1,322
4,451
20,620 18, 378 20,090 21,664 !6,800
5,395 4,833 5,285 5,740 6,889
1,713 1,522 1,688 1,858 2,437
1,092 1,068 1,185 1,233 1,527
3,257 2,705 3,054 3,425 4,271
1,362 1,304 1,378 1,424 1,626
1,824 1,709 1,832 1,914 2,363
4,406 3,794 4,154 4,448 5,646
1,571 1,443 1,514 1,622 2,041
33,147
2,824
478
153
730
213
578
160
199
195
118
1,931
362
112
487
158
344
122
117
143
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
622
250
476
178
184
192
114
3,029
538
201
724
283
534
197
196
224
132
3,238
584
223
781
299
549
217
202
247
136
2,974
526
207
690
271
509
196
208
235
132
3,099
563
213
692
288
523
209
227
243
141
3,363
589
232
757
321
569
237
242
265
151
4,109
695
278
974
372
655
331
301
329
174
6, 454 5,456
4,878 4,151
70
62
524
443
4,167
3,182
46
338
601
4,091
3,113
43
337
4,695
3,530
53
404
708
5,203
3,904
62
459
778
6,330
4,730
72
560
6,711
5,047
77
580
1,007
6,331
4,772
69
540
950
6,730
5,047
84
587
1,012
7,431
5,606
92
633
1,100
9,476
7,044
107
824
1,501
3,592
580
204
928
264
749
224
264
239
140
For definition and description see section on "Technical Notes."
Source: Office of Business Economics.
1939
,8, 558 68, 000 72,211 66,045 70, 601 '5, 852 92, 269 116, 433 140,021 151,217 155, 201 169,373
24,226 20,833 17,185 12, 630 12,193 14,139 16,220 18, 986
7,036 5,903 4,813 3,517 3,335 3,787 4,222 4,909
1,877 1,595 1,325
974
978 1,167 1,312 1,571
896
1,348 1,248
619
965
982
606
644
3,543 2,940 2,413 1,816 1,641 2,131 2,469 2,926
1,443 1,325 1,125
839
921 1,083 1,281
812
2,210 1,984 1,688 1,284 1,244 1,380 1,533 1,763
4,920 4,251 3,564 2,610 2,601 3,066 3,447 4,072
1,081 1,258 1,482
1,849 1,587 1,292
971
_.
1937
8,087
3,092
1,994
5,482
2,040
2,920
6,973
2,559
8,528
598
375
1, 593
5,962
9,246
582
420
1,808
6,436
9,370
594
448
1,801
6,527
9,714
627
491
1,848
6,748
39,165 41, 789 42, 893 47, 838
9,358 10,276 10,695 12,019
3,725 3,928 4,102 4,386
2,260 2,188 2,375 3,012
6,856 7,162 6,799 7,379
2,614 3,082
2,271 2,411
4, 349
3,356 3,612 3,776
8,917 9,114
9,808
8,349
3,295 3,418 3,803
2,990
7,692
1,271
525
1,908
555
1,333
566
598
649
287
8,439
1,380
588
1,992
669
1,489
624
673
689
335
12, 926 16, 979 18, 517 18,542
9,315 12, 302 13,472 13,649
210
211
206
207
1,631
1,572
1,636
1,193
2,894 3,203 3,052
2,211
19,961
14,879
235
1,729
3,118
6,086
990
419
1,508
475
1,039
440
472
527
216
6,946
1,137
477
1,768
517
1,162
505
448
687
245
7,484
1,146
527
1,979
528
1,298
556
547
635
22
are adapted from those proposed by Howard
W. Odum in Southern Regions of the United
States (University of North Carolina Press,
Chapel Hill, 1936).
5. 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 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 three-fifths 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 Administration.
In the preparation of estimates for 1939 and
subsequent years, heavy reliance was placed
on wage data compiled by the Social Security
Administration 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
were supplemented by special tabulations of
the Social Security Administration furnishing data on wages in the very small-sized
firms excluded from unemployment insurance coverage by the varying size-of-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 1946 constituted threefourths 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 allow-
SURVEY OF CURRENT BUSINESS
August 1947
Table 13.—Per Capita Income Payments by States and Regions, 1929-40 and 1945-46
[Dollars]
State and region
Continental
United
States
New England.
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
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..
Tennesse
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.
1929
1930
1931
1932
1933
1934
1935
420
1936
1937
1938
1939
539
596
380
460
531
561
509
838
918
566
897
652
851
601
768
830
540
825
599
767
542
542
558
367
594
422
562
369
514
540
364
553
420
533
351
561
605
394
597
478
573
397
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
926
919
552
522
526
513
586
586
623
634
711
750
740
795
191
703
947
,125
767
464
841
762
,179
651
869
p023
688
393
577
751
871
576
336
926
460
5S6
671
429
261
441
535
644
414
265
876
493
589
705
474
326
955
524
630
743
510
342
,124
597
712
S3 7
594
402
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
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
272
281
319
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
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
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
1940
1945
1946
1,177
1,200
764
474
719
548
678
483
725
827
509
766
546
715
521
1,320
1,465
1,044
1,356
1,048
1,347
1,085
674
682
709
771
752
1,432
1,493
,107 1,044
635
594
750
699
861
791
629
553
417 369
,031
634
746
825
589
378
,080
713
803
863
628
398
1,569
1,293
1,494
1,633
1,238
914
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
801
733
697
1,010
809
778
784
555
817
729
843
952
357
425
330
319
369
397
482
353
358
409
371
436
322
327
387
461
341
340
401
399
473
356
356
413
927
995
911
825
954
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
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
1,264
1,486
1,158
1,183
1,215
1,090
1,143
1,302
1,198
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
1,162
1,196
1,243
1,062
1,394
1,164
1,162
1,228
1,063
1,264
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
1,465
1,531
1,703
1,188
1,346
1
See note 3 of section on "Technical Notes."
Source: Office of Business Economics.
ances 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 produc-
tion 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. It
should be noted that products consumed on
farms are valued at farm prices. For some
purposes, particularly those related to "welfare" comparisons, valuation at retail prices
might be preferable.
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
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 were based for each industry on a
SUEVEY OF CUKRENT BUSINESS
August 1947
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 those items reported by individuals on Federal income tax returns. Exceptions to this general procedure are the
separate estimation of net rents received by
farmer landlords (from data of the Bureau of
Agricultural Economics) and, for 1942-46, of
Federal interest payments to individuals.
For most of the numerous individual components of the category of "other" income
payments, State and national data repre-
sent 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 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 Administration as a product of its studies of social
insurance and related payments. Data on
State bonus payments to veterans of World
23
War II were furnished by the individual
State governments.
The War and Navy Departments report disbursements for the country as a whole for
mustering-out payments, military allowances,
and enlisted men's cash terminal leave payments. Additionally, they supply requisite
data for estimating the amounts of these disbursements received by residents of the various States. Such data include a tabulation
by the War Department of the actual amount
of family-allowance payments received in
each State during June 1944, annual data on
military separations by State of residence,
and annual data on the number of military
personnel according to State of residence.
Table 14.—State Income Payments, by Type of Payment, 1942-46 *
[Millions of dollars]
1946
1942
1943
1944
1945
United States, total_ _
Wages and salaries
Proprietors' income
Property income
Other income
116,433
77, 945
21,410
12,887
4,191
140, 021
96, 394
24,231
13, 595
5,801
151,217
101, 548
25, 848
14, 544
9,277
155, 201
99,158
27, 694
15, 476
12, 873
Alabama, total
Wages and salaries
Proprietors' income
Property income
Other income
1,428
963
48
1,780
1,179
397
104
100
1,943
1,216
431
112
184
2,021
1,177
460
122
262
2,073
1,156
541
140
236
Arizona, total
Wages and salaries
Proprietors' income
Property income
Other income
445
287
102
36
20
410
126
36
26
582
380
117
41
44
594
368
122
44
60
627
365
159
50
53
Arkansas, total
Wages and salaries
Proprietors' income
Property income
Other income-.
896
456
344
56
40
977
513
331
58
75
1,122
534
389
67
132
1,218
571
396
73
178
1,328
564
515
88
161
California, total
Wages and salaries
Proprietors' income
Property income
Other income
9,315
6,282
1,548
1,151
334
12, 302
8,575
2,079
1,219
429
13, 472
9,204
2,320
1,310
638
13, 649
8,919
2,472
1,393
865
14, 879
9,269
3,130
1,546
934
Colorado, total
_
Wages and salaries
Proprietors' income
Property income
Other income
582
228
127
53
1,137
679
258
134
66
1,146
662
247
142
95
1,271
702
300
151
118
1,380
776
324
168
112
Connecticut, total
___
Wages and salaries
Proprietors' income
Property income
Other income
2,341
1,743
181
370
47
2, 648
1,987
206
385
70
2.713
1,966
223
409
115
2,635
1,796
236
428
175
2,877
1, 933
307
476
161
315
208
44
57
374
255
50
59
10
402
267
55
63
17
393
251
53
65
24
430
271
62
72
25
District of Columbia, total
Wages and salaries
Proprietors' income
Property income
Other income
1,254
996
95
127
36
1,448
1,174
90
134
50
1,508
1,195
92
143
78
1,607
1,255
99
150
103
1, 736
1, 320
122
170
124
Florida, total
Wages and salaries
Proprietors' income
Property income
Other income
1,452
972
248
169
63
2,105
1,455
376
182
92
2,369
1,596
427
191
155
2,420
1,533
472
205
210
2,372
1, 415
532
234
191
Georgia, total
Wages and salaries
Proprietors' income
Property income
Other income
1,642
1,093
366
123
60
2,143
1,440
444
143
116
2,373
1,555
460
154
204
2,445
1,477
519
167
282
2,567
1,529
613
192
233
Idaho, total
Wages and salaries
Proprietors' income
Property income
Other income
Illinois, total
Wages and salaries
Proprietors' income
Property income
Other income
419
224
150
30
15
8,087
5,525
1,297
964
301
477
260
167
32
18
9,358
6,526
1,439
1,020
373
527
282
181
34
30
10, 276
7,136
1,499
1,078
563
525
264
182
38
41
10,695
7,126
1,650
1,149
770
588
298
208
42
40
Delaware, total
Wages and salaries
Proprietors' income
Property income
Other income
169,373
105, 215
34,166
17,308
12,684
12, 019
7,881
2,121
1,282
735
State
Indiana, total
Wages and salariesProprietors' income.
Property income
Other income
Iowa, total
Wages and salaries..
Proprietors' income.
Property income
Other income
Kansas, total
Wages and salaries..
Proprietors' income.
Property income
Other income
Kentucky, total
Wages and salaries..
Proprietors' incomeProperty income
Other income
Louisiana, total
Wages and salaries. _
Proprietors' incomeProperty income
Other income
Maine, total
Wages and salaries..
Proprietors' incomeProperty income
Other income
Maryland, total
Wages and salariesProprietors' incomeProperty income
Other income
Massachusetts, total
Wages and salariesProprietors' incomeProperty income
Other income.—
Michigan, total
Wages'and salaries..
Proprietors' income.
Property income
Other income
Minnesota, total
Wages and salaries..
Proprietors' income.
Property income
Other income
Mississippi, total
Wages and salaries..
Proprietors' incomeProperty income
Other income
Missouri, total
Wages and salaries..
Proprietors' incomeProperty income
Other income
Montana, total
Wages and salaries.
Proprietors' income.
Property income
Other income
Nebraska, total
Wages and salaries..
Proprietors' income.
Property income
Other income
1942
3,092
2,060
651
279
102
1,994
809
937
185
63
1,508
763
555
141
49
1,335
763
372
139
61
1,411
961
264
126
60
673
483
100
67
23
2,008
1,481
252
226
49
4,528
3,279
443
624
182
5,482
4,163
688
450
181
2,040
1,090
661
192
97
883
440
353
54
36
2,920
1,815
691
302
112
475
239
179
36
21
1,039
460
448
96
35
1944
1945
3,928
2,675
715
311
227
2,188
1,019
814
208
147
1,979
1,102
595
164
118
1,825
1,010
478
162
175
2,001
1,355
330
146
170
864
604
130
75
55
4,102
2,547
905
338
312
2,375
1,044
915
221
195
1,908
1,007
569
175
157
1,957
1,016
525
175
241
1,986
1,249
348
157
232
847
550
141
80
76
2,501
1,704
344
268
185
5, 631
3,898
536
724
473
6,799
4,788
923
555
533
2, 614
1,419
737
232
226
1,205
518
421
74
192
3,776
2,300
758
359
359
2,716
1,771
455
297
193
6, 269
4,215
656
803
595
6, 856
5,400
771
478
207
2,271
1, 266
692
201
112
1,084
588
359
64
73
3,356
2,138
735
317
166
2,536
1,829
324
252
131
5,447
3,927
493
689
338
7,162
5, 448
888
510
336
2,411
1, 361
667
215
168
1,188
562
417
72
137
3,612
2,247
759
339
267
517
265
192
38
22
528
272
182
41
33
555
274
192
44
45
669
321
254
50
44
1,162
593
422
101
46
1,298
'653
464
109
72
1,333
645
473
118
97
1,489
655
608
134
92
1943
3,725
2,572
715
293
145
2,260
950
1,022
197
91
1,768
1,031
516
148
73
1,685
975
460
150
100
1,874
1,287
350
137
100
857
610
144
70
33
2,409
1,802
290
237
80
5,141
3,798
470
647
226
1946
4,386
2,674
1,050
375
287
3,012
1,190
1,384
252
186
1,992
967
686
195
144
2,163
1,112
631
198
222
1,982
1,227
379
176
200
917
565
183
90
79
7,379
5,114
1,110
624
531
3,082
1,610
959
263
250
1,182
531
410
83
158
4,349
2,489
1,077
410
373
SURVEY OF CURRENT BUSINESS
24
August 1947
Table 14.—State Income Payments, by Type of Payment, 1942-46 1—Continued
[Millions of dollars]
State
Nevada, total
Wages and salaries...
Proprietors' income..
Property income
Other income
New Hampshire, total...
Wages and salaries._.
Proprietors' incomeProperty 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' incomeProperty income
Other income
North Carolina, total
Wages and salariesProprietors' income..
Property income
Other income
North Dakota, total
Wages and salaries._.
Proprietors' incomeProperty income
Other income
Ohio, total
Wages and salaries...
Proprietors' income..
Property income
Other income
Oklahoma, total
Wages and salaries..
Proprietors' income..
Property income
Other income
Oregon, total
Wages and salaries...
Proprietors' income..
Property income
Other income
Pennsylvania, total
Wages and salaries. _
Proprietors' income..
Property income
Other income
Rhode Island, total
Wages and salaries. _
Proprietors' income..
Property income
Other income
1942
207
140
45
17
5
350
243
43
50
14
4,552
3,467
478
464
143
299
173
84
27
15
15, 215
10, 329
1,999
2,297
590
1,864
1,135
520
153
56
440
141
255
30
14
6,973
4,950
9a3
232
1,322
720
412
119
71
1,193
821
249
86
37
8,847
6,422
1,054
1,068
303
826
612
80
107
27
1943
1944
1945
211
146
41
18
6
378
255
51
52
20
5,381
4,182
518
485
196
375
235
90
29
21
17, 614
12, 300
2,238
2,373
703
2,244
1,425
544
167
108
505
161
296
31
17
8,349
6,114
1,054
868
313
1,593
969
395
126
103
1,572
1,109
316
93
54
10,270
7,501
1,239
1,117
413
925
700
78
111
36
206
140
38
19
9
419
274
58
55
32
5,794
4,403
565
518
308
420
254
99
31
36
19, 304
13, 286
2,429
2,528
1,061
2,514
1,453
671
191
199
556
179
316
34
27
8,917
6,408
1,091
923
495
1,808
1,022
474
141
171
1,636
1,121
330
100
85
11,085
7,870
1,362
1,189
664
963
704
84
119
56
210
133
44
20
13
460
290
66
58
46
5,774
4,162
612
555
445
448
261
105
33
49
20, 454
13,691
2, 643
2,653
1,467
2,621
1,445
695
201
280
566
193
295
38
40
The Business Situation
(Continued from p. 8)
total retail sales the bulge is not readily
apparent.
The year 1936 was the period of greatest expansion in economic activity in the
1933-37 recovery from the depression
low. While the bonus was one of the
lesser expansionary forces, its contribution to the level of production and prices
was undoubtedly important. The seasonally adjusted annual rate of personal
income rose from 68.0 billion dollars in
May to 78.9 billion in June and declined
to 71.2 billion in September. The rise in
income in 1936, the large average size of
the bonds, and the age range of the veterans suggest that a significant proportion of the bonds was used to liquidate
9,114
6,183
1,271
982
678
1,801
992
428
150
231
1,631
1,032
374
110
115
11,376
7, 715
1,465
1,261
935
956
667
84
125
State
1946
235
143
57
23
12
87
65
43
6,161
4,310
779
620
452
491
271
135
38
47
22,895
15, 208
3,254
2,940
1,493
3,031
1,672
900
235
224
624
235
309
44
36
9,808
6,566
1, 525
1,086
631
1,848
945
506
169
228
1,729
1,058
426
124
121
12, 437
8,222
1,810
1,402
1,003
1,006
688
100
138
80
1942
South Carolina Total
Wages and salaries..
Proprietors' income.Property income
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
Texas, total
Wages and salaries..
Proprietors' income..
Property income
Other income
Utah, total
Wages and salaries..
Proprietors' income..
Property income
Other income
Vermont, total
Wages and salaries...
Proprietors' incomeProperty income
Other income
Virginia, total
Wages and salariesProprietors' incomeProperty income
Other income
Washington, total
Wages and salaries._.
Proprietors' income..
Property income
Other income
West Virginia, total
Wages and salaries
Proprietors' income...
Property income
Other income
Wisconsin, total
Wages and salaries
Proprietors' income...
Property income
Other income
Wyoming, total
Wages and salaries...
201
53
36
472
162
263
31
16
1,528
947
377
141
63
4,451
2,755
1,122
407
167
527
352
122
33
20
253
155
51
39
8
2,111
1,555
344
161
51
2,211
1,544
413
175
79
1,086
796
156
79
55
2,559
1,592
589
290
88
216
128
65
16
Proprietors' income.
Property income
Other income
1943
1944
1,140
793
217
64
66
448
191
19
1,983
1,262
453
153
115
5,962
3,863
1,365
449
285
687
467
159
35
26
286
175
59
40
12
2,418
1,774
371
177
96
2,894
2,097
511
185
101
1,239
900
179
84
76
2,990
1,902
675
306
107
245
145
73
18
1,268
817
259
72
120
547
199
283
35
30
2,276
1,397
514
165
200
6,436
4,078
1,395
486
477
635
417
139
37
42
305
180
63
43
19
2,597
1,804
439
185
169
3,203
2,268
589
200
146
1,365
965
183
90
127
3,295
2,089
718
327
161
268
163
72
19
14
1945
1,303
794
269
76
164
598
213
304
40
41
2,443
1,428
558
180
277
6,527
3,944
1,407
514
662
649
412
140
41
56
331
184
73
45
29
2,648
1,746
470
200
232
3,052
2,058
574
220
200
1,472
999
199
99
175
3,418
2, 053
790
349
226
287
165
80
21
21
1946
1,407
835
359
90
123
673
227
359
46
41
2,535
1,443
631
206
255
6,748
3,915
1,649
579
605
689
423
158
46
62
383
221
86
49
27
2,755
1,779
552
226
198
3,118
1,944
686
247
241
1,656
1,119
258
114
165
3,803
2,238
958
387
220
335
187
106
24
18
1
For definitions see section on "Technical N o t e s . " Comparable estimates for the years
1929, 1933, a n d 1939-41 were published in the August 1945 issue of the SURVEY OF C U R R E N T
BUSINESS.
Source: Office of Business Economics.
debt, to invest in houses and other capital goods, and to add to liquid assets.
Spending Stimulus
In comparison with 1936, the factors
that may lead to a higher propensity to
spend the proceeds of bond redemptions
are the relatively small average size of
the bonds, the young age distribution, the
number of veterans in college, and the
need to finance the setting up of new
households. On the other hand, unemployment is now lower and wages higher
than 11 years ago, and durable goods
are not now so readily available.
The increase in personal consumption
expenditures arising from this source
will have some expansionary effect in the
economy. Concerning the types of goods
and services most likely to be affected,
it might seem that nonrecurrent lump
payments such as the present one would
tend to favor expenditures for durable
goods. In view of the still limited output
of many durable goods, however, the effect may be to limit borrowing through
increasing the size of down payments.
Also to some extent it could be expected
to reduce commercial borrowing at
higher rates. As in 1936, the bulge in
personal consumption expenditures may
not be obvious, but there can hardly be
any doubt that expenditures in late
1947 will be higher than they would have
been without the cashing of leave bonds.
It follows that appraisal of current market tendencies should take account of
this nonrecurring item, though obviously
such appraisals would include the relative magnitude in what is at present a
consumer spending market of 159 billion dollars.
SURVEY OF CURRENT BUSINESS
August 11)47
S-l
Monthly Business Statistics
The data here are a continuation of the statistics published in the 1942 Supplement to the SURVEY OP CURRENT BUSINESS That
volume contains monthly data for the years 1938 to 1941, and monthly averages for earlier years back to 1913 insofar as available it
also provides a description of each series and references to sources of monthly figures prior to 1938. Series added or revised since publication of the 1942 Supplement are indicated by an asterik(*) and a dagger (f), respectively, the accompanying footnote indicating where
historical data and a descriptive note may be found. The terms "unadjusted" and "adjusted" used to designate index numbers refer
to adjustment of monthly figures for seasonal variation.
Data subsequent to 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
1947
June
1947
1946
June
July
September
August
October
Novem- December
ber
January
February
March
April
May
BUSINESS INDEXES
I
PERSONAL INCOME*
Seasonally adjusted, at annual rates:
Total personal income
bil. of dol_
Wage and salary receipts, total
do
Total employer disbursements
do
Commodity-producing industries
do
Distributive industries
do
Service industries
_do
Government
do
Less employee contributions for social insurance
bil. ofdoL
O ther labor income
. . . .do
Proprietors' and rental income
do
Personal interest income and dividends
do
Total transfer payments
do
Total nonagricultural income
.do
173.2
107.9
109.8
45.8
30.6
13.6
19.8
179.0
109.9
111.8
46.4
31.3
14.0
20.1
180.9
112.3
114.2
48.5
31.9
14.0
19.8
178.5
113.0
114.8
49.4
31.8
14.1
19.5
184.0
113.6
115.4
49.5
32.0
14.2
19.7
188.4
115.4
117.2
50.6
33.0
14.4
19.2
189.9
117.0
118.8
52.3
33.5
14.4
18.6
190.3
117.1
••119.2
53.1
33.5
14.6
18.0
190. 7
117.5
'119.6
53.2
33.7
14.6
18.1
191.8
117.5
'119.6
53.7
33.7
14.6
17.6
190.2
116.7
'118.9
53.2
33.4
14.8
17.5
'191. 5
'118.3
'120.4
' 54.1
'34.2
14.9
'17.2
1.9
1.6
39.3
13.2
11.2
1.9
1.6
43.3
13.3
10.9
1.9
1.6
42. 9
13.3
10.8
1.8
1.6
39.5
13.3
11.1
1.8
1.6
45.3
13.3
10.2
1.8
1.6
47.6
13.5
10.3
2.1
1.6
46.6
13.9
11.1
2.1
1.7
46.8
14.0
10.7
2.1
1.7
47.7
14.0
10.9
2.2
1.7
46.9
14.0
10.9
2.1
1.8
'46.9
14.0
' 10. 5
155.3
157.5
160.5
162.0
162.7
165.6
1.8
1.6
47.2
13.7
10.4
167.3
168.2
168. 5
168.8
167.8
' 169.2
111
94
125
154
150
158
145
156
136
130
162
106
188
231
155
169
166
150
153
148
144
149
140
112
93
127
118
91
138
119
85
144
127
86
158
131
150
118
155
142
164
139
130
146
111
117
107
142
142
142
156
155
157
154
155
154
166
191
148
148
148
148
145
148
143
141
141
141
2, ISO
2,144
834
1,310
320
811
174
1,745
1.701
522
1.179
314
(.186
323
366
370
364
256
352
310
384
FARM MARKETINGS AND INCOME
Farm marketings, volume: •
Indexes, unadjusted:
Total farm marketings
_. 1935-39= 100..
Crops
do
Livestock and products
do
Indexes, adjusted:
Total farm marketings
.do
Crops
__
do
Livestock and products
.do
Cash farm income, total, including Government payments*
.__
mil. of doL
Income from marketings*
....do
Crops*
do
Livestock and products*.
do
Dairy products*
do
Meat animals*
do
Poultry and eggs*
do
Indexes of cash income from marketings:!
Crops and livestock, combined index:
Unadjusted
1935-39= 100..
Adjusted
_
._
do
Crops
..do
Livestock and products
do
2,192
743
1,449
387
794
234
332
0)
0)
0)
'
1, 573
r
1, 520
' 598
-•922
' 350
'328
'206
2, 623
2, 489
1,140
1, 349
'391
'693
'227
•-229
271
332
226
'375
335
311
354
'
'
'
r
2, 388
2,325
1, 108
1, 217
'370
'612
'211
'350
313
294
327
r
2,123
' 2,110
'1,211
'899
'342
' 302
'236
' 3, 401
' 3, 386
' 1, 862
' 1, 524
'343
'875
'318
249
279
227
'510
348
346
349
' 2, 999 ' 2, 438
' 2, 986 r 2, 420
'1,450
'999
r 1, 536 ' 1. 421
'315
'317
'933
'829
'274
'266
'449
367
347
382
'364
363
349
374
174
1.996
1,930
608
1, 322
337
754
225
'291
364
338
1,972
1,912
582
1,330
347
736
233
288
367
364
0)
0)
0)
2,025
' 1,996
'614
' 1, 382
'383
716
'260
'300
0)
0)
INDUSTRIAL PRODUCTION
Federal Reserve
Index
' 185
' 185
v 184
184
171
174
180
184
183
187
Unadjusted, combined index!
1935-39=100-.
185
185
180
' 191
193
J»190
191
176
191
192
178
186
195
192
188
193
Manufacturesf
..do
'
2i8
'
222
J>218
203
215
194
210
214
214
223
209
218
220
Durable manufactures!
do
197
195
193
184
154
185
178
180
184
159
196
192
191
Iron and steel!
do.....
' 143
143
••145
137
144
142
141
147
139
129
140
326
135
Lumber and products!-do
'158
161
' 159
155
160
146
152
157
144
152
166
161
167
Furniture!-—
do
134
136
' 139
114
133
136
138
140
144
131
126
107
118
Lumber!
do
273
'276
276
' 273
268
241
261
271
243
254
281
277
277
Machinery!
do
'187
'195
197
'
1
8
2
150
159
184
137
172
192
199
204
205
Nonferrous metals and products!
do
' 182
203
' 180
155
163
191
147
176
198
200
212
r 193
211
Fabricating*
do
' 198
182
'186
139
150
167
110
161
176
196
184
190
203
Smelting and refining*
do
'206
203
193
204
'207
209
191
212
207
209
208
205
208
Stone, clay, and glass products!
do
14S
161
171
179
181
166
188
175
157
148
154
166
Cement
do
158
' 162
v 162
147
154
158
147
155
155
159
156
156
160
Clay products*
do
247
269
254
239
261
258
237
270
254
269
273
255
263
Glass containers!
do
235
'224
v 229
241
242
237
238
240
235
229
'239
233
237
Transportation equipment
do
187
'178
*
186
176
182
185
167
188
187
181
197
190
193
Automobiles! §
do
172
'169
v 168
159
172
162
166
172
174
172
171
171
169
Nondurable manufactures!
do_...
210
167
178
187
174
221
174
237
196
206
187
195
182
Alcoholic beverages!
do
250
'252
240
*>245
231
235
244
232
233
252
254
253
'
2
5
3
Chemicals!
do
422
'434
402
395
411
396
395
430
'431
429
'433
Industrial chemicals*..
do.___
p Preliminary. ' Revised. § Index is being revised; see note for automobile index at the bottom of p. S-2 of the February 1947 Survey. i Discontinued.
*New series. The new series on personal income replace the series designated "income payments" shown in the Survey through the June 1947 issue; personal income is current
income received by persons from all sources, exclusive of transfers among persons; data for 1929-46 and a description of the series are published in "The National Income Supplement
to the July 1947 Survey of Current Business" which can be purchased from the Superintendent of Documents, U. S. Government Printing Office, Washington 25, D. C , for 25 cents.
Data to continue through May the series on income payments are given on p. 2, July, 1947 Survey. 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 for total cash farm income and total
income from marketings are shown on p. 28 of the May 1943 Survey; data for 1940-44 published in that and later issues are subject to revision; data beginning 1945 have been revised
and revisions for January 1945-May 1946 for the totals and the breakdown of cash farm income will be published later. Data beginning 1939 for the new series under industrial production are shown on p. 18 of the December 1943 issue.
tRevised series. For revisions for the indicated series on industrial production, see pp. 18-20 of the December 1943 issue. Revised data for 1913-40 for the unadjusted index of cash
income from farm marketings are available on p. 28 of the May 1943 Survey; 1941-May 1946 data are subject to revision; the adjusted index has been discontinued.
SURVEY OF CUEKENT BUSINESS
S-2
Unless otherwise s t a t e d , statistics t h r o u g h 1941
a n d 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
1947
1946
1947
June
August 1947
June
July
August
September
October
Novem- December
ber
January
February
March
April
May
BUSINESS INDEXES—Continued
INDUSTRIAL PRODUCTION—Continued
Federal Reserve Index—Continued
Unadjusted—Continued.
Manufactures—Continued.
Nondurable manufactures—Continued.
Leather and products! __
1935-39=100__
Leather tanning*
do
m
Shoes
do
Manufactured food products!
do
Dairy productsf
do
Meat packing
do
Processed fruits and vegetables*
do
Paper and products!
-do
Paper and pulpt
do
Petroleum and coal products!
do
Coke
do.
Petroleum refinrngf
do.
Printing and publishing!
_do_
P u b her productst
do.
Textiles and products!
..do.
Cotton consumption
do.
Pay on deliveries
do.
Wool textile production
_.do.
Tobacco products.
do.
Minerals!
do.
Fuelsf
do.
Ant.hra.cite!
do.
Pituminous coal!
do.
Crude petroleum
do.
Metals
do.
Adjusted, combined index!
do.
Man u factures
_
do.
Durable manufactures.
do.
Lumber and products...
do.
Lumber
do.
Nonferrous metals
do.
Smelting and refining*
do.
Stone, clay, and glass products..
___do.
Cement
do.
Clay products*
do.
Glass containers
do.
Nondurable manufactures
do.
.Alcoholic beverages
do.
Chemicals
do.
Leather and products
do.
Leather tanning*
do
Manufactured food products
do
Dairy products
,
do
Meat parking
do
Processed fruits and vegetables*
do
Paper and products
do___
Paper and pulp
do
Petroleum and coal products
do
Petroleum re fin in pf
do.
Pn-ntirsp and publishing
do.
Textiles and products
do.
Tobacco products
do.
Minerals
do.
Metals
do.
v 154
v229
150
J»101
v 160
v 155
146
p 213
»154
133
261
P 165
»153
v 153
P109
*>147
v 159
v 153
P 183
p 189
P217
P 148
P!28
p 182
J>188
*>206
257
v 167
159
P 248
p 154
p 153
152
v 131
P 159
146
v 154
159
P 149
119
100
133
164
i>175
122
255
147
142
*132
165
118
99
131
164
»151
37
315
150
144
»181
166
117
98
130
158
»120
117
216
152
146
J>179
167
115
211
145
127
239
144
145
150
153
128
159
154
126
172
177
202
129
121
151
140
192
155
147
249
157
176
235
103
99
150
*136
165
175
136
131
123
221
163
149
240
173
161
147
150
120
156
151
132
178
184
208
135
126
159
150
197
159
150
251
164
174
237
120
101
147
*>137
138
155
147
142
*>182
128
234
168
153
242
181
166
149
151
125
163
149
136
180
186
212
137
129
172
161
204
162
150
265
165
227
235
119
101
136
»143
38
143
150
144
135
234
169
155
248
178
179
147
150
124
160
149
126
182
188
214
136
127
184
168
200
156
149
250
168
117
97
146
J»146
115
167
152
146
129
165
153
139
78
124
145
140
146
103
129
163
155
144
107
128
168
157
146
111
214
231
223
331
161
203
209
212
126
187
255
210
535
220
206
208
209
208
185
293
208
199
204
229
252
295
153
188
206
216
169
197
240
206
497
211
199
198
220
185
193
268
174
186
211
232
250
292
166
198
222
233
188
212
257
241
457
230
215
206
253
198
196
282
180
193
228
254
281
321
173
212
240
259
216
229
289
276
531
247
227
223
244
222
209
311
207
218
173
189
234
124
251
152
626
128
181
195
245
128
256
157
642
132
186
200
252
131
261
161
684
136
190
206
258
134
268
163
708
141
127
104
142
137
*189
84
125
147
142
»174
137
101
94
106
161
*>197
154
228
136
131
129
218
165
152
245
174
159
141
149
86
156
153
95
170
176
193
133
127
137
110
190
155
148
240
162
161
233
128
107
139
P129
85
162
146
142
»174
J>178
160
123
114
129
158
*96
181
147
153
147
152
114
110
117
157
J>95
175
132
150
146
*178
143
116
113
118
149
*95
191
102
156
150
»180
171
123
127
121
140
»107
152
86
157
151
» 185
172
135
243
174
164
256
181
172
135
140
123
116
150
105
183
191
214
142
135
192
175
202
162
150
251
173
213
243
121
110
156
*>146
163
160
153
147
»177
141
252
164
141
254
180
138
132
141
121
130
147
76
182
190
211
141
132
197
181
210
177
152
265
174
234
249
115
110
162
*147
151
170
150
146
»178
133
247
172
161
263
171
157
141
151
118
173
146
81
189
196
221
142
131
204
184
219
182
168
278
177
241
253
116
113
161
*>148
163
157
156
150
»180
132
169
173
145
111
130
174
169
136
117
138
164
148
137
111
228
248
267
318
173
215
244
262
217
228
287
289
506
263
231
224
248
225
203
333
217
••221
233
254
274
314
186
221
267
278
235
237
315
319
503
2/0
260
250
306
242
219
313
221
240
197
211
263
137
276
167
739
144
200
215
259
137
284
167
781
147
P177
121
121
121
140
138
83
159
154
»'185
172
115
118
113
144
v 161
139
88
156
150
p 179
166
138
246
173
161
262
178
160
141
150
107
162
150
84
189
197
222
147
K7
205
190
219
203
164
263
176
223
252
120
118
156
»149
159
137
157
151
»185
145
239
172
160
270
172
149
143
153
113
163
153
83
190
198
225
147
138
199
195
218
192
165
269
176
208
252
122
122
157
153
149
151
159
154
P 186
144
234
166
154
270
' 159
151
139
144
102
127
155
r 112
«• 1 8 7
194
222
144
135
' 195
203
211
175
M64
263
172
189
251
115
119
158
P 154
150
144
156
150
p. 179
138
172
158
146
117
140
173
168
146
122
142
172
158
148
117
241
271
294
326
204
223
276
292
255
232
346
340
561
271
266
255
306
248
232
352
219
251
240
270
295
308
215
222
274
292
246
246
326
335
572
283
260
264
291
255
224
290
213
254
254
295
327
344
224
229
290
311
267
256
364
366
567
290
275
277
309
273
229
315
228
267
204
220
256
138
290
166
819
153
209
226
269
140
299
179
816
156
213
232
284
142
306
182
860
159
P127
141
166
160
' 136
12
249
288
319
336
217
226
288
312
268
263
364
366
547
290
272
278
301
268
236
322
222
263
••241
279
••308
••316
219
219
r 288
320
23
25
27
29
20
22
28
31
25
26
3f
3C
60
28
26
26
28
27
25
217
238
298
143
316
184
897
165
222
244
300
145
••326
184
928
170
MANUFACTTPFFS' O P P F R S , SHIPMENTS,
AND INVENTORIES (VALUE)
New orders, index, totalt
avg. month 1939=100..
Durable goods industries
do...
Iron nud steel and their products
do___
MaoMnerv. including electrical
do_._
Other durable goods
do.._
Nondurable poods industries
do
Shipments, index, tofalt
do...
Durable poods industries
do
Automobiles and equipment
do
Iron and steel and their products.
do
Machinery, including electrical
do
Nonferrous metals and products
do
Transportation equipment Cexc. autos)
do...
Other durable Foods industries
do
Nondurable goods industries
do
Chemicals and allied products
do
Food and kindred products
do
Paper and allied products
do...
Products of petroleum and coal
do
Bubber products
do
Textile-mill products..
do
Other nondurable goods industries.
_do
Inventories:
Index, fota 1
,....
do
Durable goo^s industries
do
Automobiles and eouipment
do
Iron and steel and their products
do
Machinery, including electrical!
do
Non ferrous metals and products*
do
A
Transportation equipment fexc. autos)
do
Other durable goods industries!
do
I
•• 366
371
597
••300
265
'278
r
282
••276
244
311
209
265
20
26
22
25
31
15
33
18
95
17
r
P e v i s e d . p P r e l i m i n a r y . 1 I n d e x is in process of revision.
.
• N e w series. D a t a beginning 1939 for t h e n e w series u n d e r i n d u s t r i a l p r o d u c t i o n are s h o w n on p p . 18 a n d 19 of t h e D e c e m b e r 1943 S u r v e y . F o r 1938-45 d a t a for t h e index ot inventories for nonferrous m e t a l s a n d t h e i r p r o d u c t s , s e e p . 22 of t h e A u g u s t 1946 S u r v e y .
! Revised series. F o r revisions for t h e indicated u n a d j u s t e d indexes a n d all seasonally a d j u s t e d indexes s h o w n a b o v e for t h e i n d u s t r i a l p r o d u c t i o n series, see p p . 18-20 of t n e D e c e m b e r 1943 S u r v e y . Seasonal a d j u s t m e n t factors for a n u m b e r of industries included in t h e i n d u s t r i a l production series s h o w n in t h e S u r v e y were fixed a t 100 beginning v a r i o u s
m o n t h s from J a n u a r y 1939 to J u l y 1942; dnta for these i n d u s t r i e s are s h o w n only in t h e u n a d j u s t e d series as t h e " a d j u s t e d " indexes are t h e s a m e as t h e u n a d j u s t e d . D a t a for 1939-44
for t h e revised indexes of n e w orders a n d s h i p m e n t s , except c o m b i n e d indexes for m a c h i n e r y , are s h o w n on p . 23 of t h e J u l y 1946 S u r v e y , a n d c o m b i n e d indexes for m a c h i n e r y for
t h e s e series a n d for inventories for 1938-45 are on p . 22 of t h e A u g u s t 1846 issue; revised figures t h r o u g h A u g u s t 1945 for inventories of " o t h e r d u r a b l e goods i n d u s t r i e s , " superseding
figures in t h e A u g u s t 1946 S u r v e y , will b e p u b l i s h e d l a t e r .
SURVEY OF CURRENT BUSINESS
August 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
1946
June
September
June
July
August
S-3
1947
October
Noven, December
January
February
March
April
May
BUSINESS INDEXES—Continued
MANUFACTURERS' ORDERS, S H I P M E N T S ,
AND INVENTORIES, (VALUE)—Continued
Inventories—Continued.
Index—Continued.
Nondurable goods
a-vg month 1939=100
Chemicals and allied products
do
Food and kindred products
do
Paper and allied products
do
Petroleum refining
_
_ do __
Rubber products
do
Textile-mill products
.
do
Other nondurable goods industries! -- ---do
Estimated value of manufacturers' inventories*
mil. of dol
'203
222
201
203
228
199
206
142
158
166
150
164
118
192
156
176
169
170
180
171
120
195
164
182
173
171
183
178
124
198
168
186
176
174
184
181
129
204
171
189
184
180
195
183
132
212
174
200
187
185
199
183
134
215
173
207
190
195
202
185
133
216
174
208
195
199
206
187
134
238
177
217
197
204
203
192
133
250
178
221
199
211
202
196
136
262
183
222
139
273
••188
223
17,175
18,010
18,466
18,886
19, 533
19,896
20,259
20,805
21,176
21,612
22,061
22,408
378
188
222
NEW PLANT AND EQUIPMENT
EXPENDITURES*
All industries total
Electric and gas utilities
Manufacturing and mining
Railroad
Commercial and miscellaneous
mil. of dol
do
do _
do
do
_
3 670
410
1,850
240
1,160
2,790
230
1,530
130
910
3,730
360
1,920
180
1,280
3,310
280
1,810
160
1,070
3,160
330
1,600
160
1,080
BUSINESS POPULATION
OPERATING BUSINESSES AND BUSINESS
TURN-OVER*
(U. S. Department of Commei ce)
Operating businesses, total, end of quarter ..thousands
Contract construction
do
Manufacturing
do
do
Retail trade
Wholesale trade
do
Service industries
do
do
All other
New businesses, quarterly
do
Discontinued businesses quarterly
do
Business transfers, quarterly
do
3, 595.3
241.9
298.8
1,661.8
165 7
681.9
545.1
146.8
46 3
108.3
3, 494. 7
232.2
287 8
1, 614, 5
160.1
661.2
538.8
168.7
43 1
103.3
v 3,644.6
v 247.9
v 307.8
P 1,674.1
p 169.0
p 696.6
p 549.2
p 103.5
P 54 2
88.5
INDUSTRIAL AND COMMERCIAL FAILURES
(Dun and Pradstreet)
Grand total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
Liabilities, grand total . __
__
Commercial service
Construction
______
Manufacturing and mining
Retail trade
_
_. _
Wholesale trade
number
do
do
do
do-_do
thous. of dol
do
do
do_-_
do
do
69
3
13
25
24
4
3,006
7
262
1,996
661
80
74
7
9
36
17
5
3,434
413
162
1,948
835
76
92
12
12
37
26
5
3,799
459
516
2,113
297
414
96
11
17
32
28
8
4,877
311
1,368
2,510
367
321
123
11
14
60
21
17
6,400
147
500
4,975
352
426
104
13
9
38
36
8
12, 511
3,202
136
8,492
392
289
141
14
18
58
35
16
17,105
801
266
7,217
1,025
7,796
202
17
15
67
76
27
15,193
582
575
11,020
1,674
1,342
238
22
20
92
70
34
12,976
651
766
7, 654
1 396
2 509
254
21
13
108
88
24
15,251
758
341
11, 336
1,169
1,647
277
23
16
117
84
37
16, 080
1,015
247
11,822
1,503
1,493
33
20
155
119
51
17, 326
739
321
10, 971
3,037
2.258
4,388
3,946
3,550
3,399
3,771
3,068
3,561
4,202
3,018
3,299
2,99S
2,870
BUSINESS INCORPORATIONS
New incorporations (4 states)
. number
2,893
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
U. S. Department of Agriculture
Prices received, all farm productsf
Crops
Food grain
Feed grain and hay
Tobacco
Cotton
Fruit
Truck crops
Oil-bearing crops
Livestock and products
Meat animals
Dairy products
Poultry and eggs
Prices paid:*
All commodities
Commodities used in living
Commodities used in production
All commodities, interest and taxes
Parity ratio*
1909-14=100-do
do
do
do
do
do
do
do
do
do
do
do
271
262
253
240
390
275
228
215
318
278
33S
233
205
218
223
200
195
370
210
261
185
219
213
230
207
178
244
240
215
244
369
249
249
163
242
247
268
245
196
249
233
203
225
388
271
203
162
242
263
294
257
199
243
236
207
221
396
285
210
154
236
250
249
271
221
273
244
218
222
410
304
208
151
255
299
318
300
257
263
230
220
187
399
236
186
207
342
294
313
307
230
264
232
224
186
406
242
211
166
334
294
311
312
226
260
236
223
184
399
240
196
238
336
281
306
292
201
262
245
235
185
390
246
203
275
334
278
319
270
192
280
266
283
212
390
257
215
299
360
292
345
269
199
276
269
277
223
387
260
223
205
358
2S2
331
204
272
268
276
218
390
270
222
286
326
275
327
241
203
1910-14=100
do
do
do
do
244
252
233
231
117
196
201
190
188
116
209
214
202
199
123
214
221
204
204
123
210
217
200
200
122
218
231
202
207
132
224
239
204
212
124
225
239
207
213
124
227
242
207
215
121
234
248
215
221
119
240
252
224
227
123
243
255
227
230
120
242
254
226
229
119
257'
' Revised, *> Preliminary.
•New series. For estimated value of manufacturers' inventories for 1938-42, see p. 7 of the June 1942 Survey and p. S-2 of the May 1943 issue. For data prior to 1945 for the
series'on operating businesses and business turnover, see pp. 21-23 of the May 1946 Survey and p. 10 of the May 1944 issue. The series on new plant and equipment expenditures are
compiled by the Securities and Exchange Commission and the U. S. Department of Commerce and are estimated quarterly totals for all private industry, excluding agriculture, based
on reports from a sample including most of the corporations registered with the Commission and a l»rge sample of unregistered manufacturing companies; data are reported actual
expenditures. The series on prices paid by farmers and the parity ratio are from the U. S. Department of Agriculture; the latter is the ratio of prices received by farmers to prices paid,
interest and taxes; data for 1913-45 will be shown later.
t Re vised series. Revised figures for 1938-August 1945 for inventories of "other nondurable goods industries" wi]] be shown later. Indexes of prices received by farmers for 191345 are shown on pp. 17-19 of the April 1947 Survey; data for July 15, 1947, are as follows: Total 276; crops, 263: food grain, 251; feed grain and hay, 253; tobacco, 390; cotton, 289;
fruit, 215; truck crops, 189; oil-bearing crops, 314; livestock and products, 286; meat animals, 343; dairy, 244; poultry and eggs, 220.
SURVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
June
August 1947
1946
June
July
August
September
1947
October
Novem- December
ber
January
February
March
April
May
COMMODITY PRICES—Continued
RETAIL P R I C E S
Consumers' price index:§
National Industrial Conference Board:$
Combined index
1923=100..
Clothing
do
Food
do
Fuel and light
~
_do
Housing
___
do
Sundries
do
U . S . Department of Labor:
Combined index
1935-39=100 v 157.0
Clothing
_
- - _
do
190.5
Food
__
__do
154.6
Cereals and bakery products*
do
171.5
Dairy products*
do
205.0
Fruits and vegetables*
_ __ do
216.9
Meats* •
do
Fuel electricity and ice
do Gas and electricity*
do
Other fuels and ice*
do
Housefurnishings
do __
Rent 5
do
Miscellaneous
do _
U . S . Department of Commerce index:
178.8
All commodities*
_
1935-39=100..
U .S. Department of Labor indexes:
116.8
Anthracite
1923-25=100..
123 6
Bituminous coal
do _
Fairchild's index:
Combined index
Dec. 31,1930=100
123.7
Apparel:
121.7
Infants'
do
121.4
Men's
_
_ do __
120.4
Women's
__
do____
130.7
Home furnishings
do __
120.1
Piece goods
_ _ - __
do
108.2
96.4
116.2
97.3
91.0
117.6
114.7
99.7
131.4
99.9
91.0
120.2
133.3
157. 2
145.6
122.1
147.8
183.5
134.0
110.5
92.1
128.4
156.1
108.5
127.9
141.2
158.7
165.7
126.1
179.1
188.4
173.7
113.3
92.1
133.8
157.9
147.7
123.2
105 8
149.3
100.3
91.0
125.9
145.9
165.9
174.1
137.3
186.6
176.4
188.5
114.4
91.7
136.5
165.6
108.8
129.9
148.6
168.1
180.0
138.5
202.4
176.5
190.7
114.4
91.6
136.6
168.5
152.2
171.0
187.7
140.6
198.5
184.5
203.6
114.8
91.8
137.2
171.0
153.3
176.5
185.9
141.6
200.9
185.0
197.8
115.5
92.0
138.3
177.1
128.2
144.1
161.2
171.2
135.4
180.1
178.3
186.6
113.7
91.8
135.0
160.0
108.7
129.8
131.0
132.5
156.3
159.8
164.3
167.2
171.5
108.8
111.0
117.9
114.3
118.0
114.4
119.8
116.2
119.6
116.4
119.6
116.5
114.7
115.1
116.0
116.7
117.8
119.0
120.7
108.1
106.2
115.0
117.2
113.3
108.2
106.6
115.7
117.4
113.3
109.1
108.0
116.6
118.7
113.5
110.3
109.1
117.5
119.8
113.9
110.4
110.0
118.2
121.3
114.3
111.3
111.5
118.3
124.3
116.1
117.2
114.8
118.5
126.4
118.2
124 9
108 3
152 3
101.5
91.0
126 9
136.1
153 3
179 0
183 8
143.4
190 1
187 9
199 0
117 3
91 9
142.1
179.1
108 8
137 1
153.2
181.5
182.3
144.1
183.2
191.7
196.7
117.5
92.2
142.3
180.8
108.9
137.4
156 3
184.3
189.5
148.1
187 5
199 6
207.6
117 6
92 2
142.5
182. 3
109 0
138 2
156 1
184 6
188.0
153.4
178 9
200 4
202 6
118 4
92 5
143.7
182.4
109 0
139 1
155 8
184 4
187 6
154.2
171 5
207 0
203 9
117 6
92 4
142.2
181.6
109 2
138 7
172.7
172.7
172.7
177.2
177.2
177.1
119.6
117.6
121 6
121 9
121.6
122.2
121.6
122 3
121. 5
122 5
116 8
123 4
122.1
122.9
123.5
123.9
123.8
118 4
117 7
119 5
127 9
117.5
120.0
119.3
120.1
129.1
120.2
120 9
121 1
120.2
129 9
121.4
121 2
121 5
120 6
130 4
120. 5
121 8
121 5
120 6
130 5
120.0
WHOLESALE PRICES
U. S. Department of Labor indexes:
124.7
140.9
129.1
112.9
134.1
124.0
139.7
144.5
149.5
Combined index (889 series) d"
1926 =» 100.. 147. 8
147.7
146.9
141.5
Economic classes:
117.2
135.7
107.3
123.9
129.6
134.7
118.9
139.7
143.3
142.3
141.9
Manufactured productscf
do.__.
136.7
141.7
145.7
141.4
153.2
141.7
148.7
154.9
153.4
163.2
160.2
126.3
160 1
Raw materials
_
do
158 6
152 1
136.2
142.1
110.2
115.0
118.2
129.1
111.9
144.2
105.7
145.9
144. 5
143.2
Semimanufactured articles _ __»
_. do
138.8
168.1
161.0
154.3
165.3
170.4
157.0
169.8
177.9
140.1
182.6
177.0
Farm products
do
175 7
165 0
163.0
181.4
169.0
171.1
170.6
151.8
165.4
174.2
203.3
206.0
202 4
Grains
do 199.8
162.6
194.7
177.6
162.9
150.4
174.6
201.5
197.4
200.9
137.4
216.0
199.2
Livestock and poultry
.
_.do
198.7
189.6
134.8
106.7
121.9
127.1
138.6
117.5
117.2
132.9
142.1
141.0
140.4
Commodities other than farm products^ 1
do.___
141.0
136.1
160.1
112.9
149.0
162.0
140.2
131.9
157.9
165.4
161.8
167.6
162.4
Foods
do .
159 8
156.2
139.5
124.7
141.3
124.9
127.4
128.5
136.1
150.4
154.1
149.2
101.7
139.9
Cereal Droducts _
do____
151.7
180.0
156.9
185.5
161.8
161.8
169.1
182.9
157.6
148.8
140.9
127.3
138 8
Dairy products
_ do
164.6
134.5
134.2
120. 4
130.0
115.5
122.5
139.5
145. 2
136.1
141.5
142.2
144. 3
Fruits and vegetables
__
. do __
131.6
188.2
199.5
198.1
169.9
131.3
191.4
202.8
207.3
208.6
110.1
196.7
Meats
do
183 4
203 0
Commodities other than farm products and foods d*
124.7
105.6
109.5
128.5
111.6
112.2
115.8
120.7
131.8
131.1
131.8
127.6
1926=100.131.7
132.1
129.9
132.7
145.5
174.8
133.8
134.8
157.8
Building materials
„___
_
do
177.0
169.7
177.5
178.8
175.2
130.0
126.0
127.8
129.1
122.5
132.3
127.8
132.4
134.7
121. 3
134.5
132.2
Brick and tile
do __
134.5
106.9
109.9
106.5
106.5
104.0
105.8
107.0
112.3
114.0
Cement
do
114.3
102.6
108.3
114.0
227.2
263.6
192.1
177.3
177.6
178.2
178.9
269.3
266.1
176.0
273. 5
249.9
269.4
Lumber.
_
do _
155.4
173.9
113.9
116.7
119.2
114.9
151.3
176.1
175.5
163.9
108.6
169.2
Paint and paint materials
do
171.2
99.3
98.4
125.7
129. 3
98.4
99.9
118.9
132.2
128.1
133.2
127.1
120.2
96.4
Chemicals and allied products! do
98.4
9S.6
113.8
98.5
98.8
106.9
114.5
111.8
119.5
118.7
118.7
98.0
112.7
Chemicals
do
181.2
182.5
110.3
111.5
112.6
110.1
152.8
182. 7
156.1
109.4
181.0
Drug and pharmaceutical materials!
do _
181.7
173.6
94.4
90.2
96.3
95.1
99.2
101.8
88.2
91.9
99.9
101.2
102.5
Fertilizor materials
do _
101.8
82.7
203.0
214.3
102.5
114.2
103.3
231.5
191.0
111.1
220.1
179.9
139.2
102.1
210.6
Oils and fats
do
90.3
94.4
94.3
94.2
94.5
96.1
97.9
100.7
103.4
97.7
103.3
Fuel and lighting materials _ .
do
103.9
87.8
65.8
65.7
64.3
63.9
65.6
64.7
64.1
65.2
64.3
64.9
67.2
Electricity
do
84.3
83.1
79.5
80.6
84.9
80.7
84.4
79.6
80.8
84.0
80.8
85.0
Gas
_ do
75.8
76.6
65.1
73.1
73.4
81.7
72.8
73.0
86.3
86.8
87.5
64.0
76.5
Petroleum products-.
do.
141.2
138.9
141.6
142.4
172.5
176.7
173. 8
174.6
166. 4
175.1
165.6
Hides and leather products
_
do
168.0
122.4
216.5
191.4
192.2
169.3
151.5
153.0
155.8
221.0
198.5
178.1
Hides and skins
do
187.1
121.5
177.7
185.0
181.1
133.3
138.5
138.5
183.7
133.2
178.1
157.1
110.7
181.6
158.0
154.5
Leather
._
do
169.9
171.5
171.5
140.4
140.1
145.2
162.9
144.8
172.1
170.6
172.2
Shoes
do
172.6
129.5
120.2
124.6
115.3
125.8
111.9
113.6
118.2
112.6
127.4
123.3
128.8
129.2
110.4
Housefurnishing goods
,
. . . . do _
117.3
118.5
119.4
121.3
126.3
129.6
131.4
124.4
134. 4
128.4
136.9
Furnishings
_
do
137.2
114.5
113.9
119.5
109.2
106.4
106.6
107.5
120.0
111.8
118.2
120.0
120.3
Furniture
do
120.9
106.1
134.7
137.9
139.9
1.13. 3
114.0
114.2
125.8
130.2
142.6
112.2
140.3
141.4
138.0
Metals and metal productscf - do
117.4
125.0
113.3
113.7
126.9
111.3
113.5
114.0
123.9
127.6
131.4
110.1
Iron and steel
do___
128.6
129.3
131.3
101.4
139.0
101.4
102.7
101.8
118.4
130.5
141. 0
143. 9
Metals, nonferrous.
._
do
142.9
99.2
106.3
107.2
114.9
117.1
117.9
107. 2
107.2
106.0
118.2
117.0
120.0
Plumbing and heating equipment _ --do
119.1
106.0
134.7
138.0
124.0
128.6
139.6
118.1
125.7
131.6
136.6
139.2
138. 9
109.2
138.9
Textile Droducts
-.do .
129.8
132.7
133.0
120.5
122.8
125. 5
127.9
122.9
132.4
133.0
133.9
Clothing
do
133.9
120.3
181.6
193.7
196.6
172.9
174.7
160.0
166.6
148.6
184.6
193.8
139.4
Cotton goods ._ _
.
do
194.7
193.0
96.9
100.0
100.8
87.7
76.3
88.7
88.8
89.3
99.3
100.8
100.8
75.8
100.8
Hosiery and underwear
„
do _
33.8
37.0
37.0
30.2
30.2
30.2
30.2
32.0
33.8
37.0
37.0
Rayon
do
37.0
30.2
103.2
80.2
73.2
126.7
134.8
126.5
125.7
115.0
101.2
69.4
Silk
do
68.4
67.9
(0
119.0
121.9
127.5
112.8
112.7
112.7
116.6
117.7
120.8
113.9
129.1
129.2
129.2
Woolen and worsted goods »_
do__
108.9
110,9
115.3
102.1
98.5
101.3
102.0
104.0
106.5
110.3
116.1
115.7
Miscellaneous
do
115. 8
73.0
73.0
73.0
73.0
73.0
73.0
73.0
73.0
73.0
73.0
73.0
73.0
73.0
Automobile tires and tubes
do
136.4
143.4
145.1
115.6
117.1
119.6
124.6
127.7
141.9
152. 5
121.9
154.2
154.3
Paper and pulp .
.
.
do
Wholesale prices, actual. (See respective commodities.)
r
Revised.
*> Preliminary.
i Not available.
§Formerly designated "cost of living index."
JFor revised 1943 data see p. 20, of April 1946 Survey.
d*Current prices of motor vehicles were introduced into the calculation beginning October 1946: April 1942 prices were carried forward in earlier computations (see explanation in
January 1947 Survey); if April 1942 prices had been used in October 1946- June 1947 calculations, indexes would have been as follows: All commodities, 132.5,137.9,139.0,139.5,142.6,
147.6, 145.8, 145.0, 145.9; manufactured products, 127.0, 131.7, 132.5, 133.5,136.7,140.2,138.9; 138.7,139.2; commodities other than farm products, 125.1, 130.7, 132.4,133.7, 136.3, 139.8,
138.8, 138.1, 138.7; commodities other than farm products and foods, 113.2, 117.8, 121.6,124.4, 125.5,128.1128.9,128.7,128.8; metals and metal products, 114.3,117.0,120.5,123.7,124.3,
126.3, 126.9, 127.8, 129.0.
• In May, June, September and October 1946, it was impossible to obtain adequate samples for some meats in a number of cities; in such cases, the latest available prices were carried forward in the index; July index reflects full price change from mid-April and November index, full price change from mid-August.
J Data for 1947 are estimated, based on a survey of rents in 5 cities in January and 6 in February, March, April and May; see note in February 1947 issue regarding earlier data.
•New series. For a description of the Department of Commerce index of retail prices of all commodities, see p. 28 of the August 1943 Survey; and for revised figures for 1929,1933
and 1935-44, p. 31 of February 1946 Survey. Data for 1923-45 for the indexes of retail prices of the food sub-groups are shown on p. 16 of the November 1946 Survey. Data beginning
1935 for the indexes of retail prices of "gas and electricity" and "other fuels and ice" will be published later.
fRevised series. For revised data for 1941-43 for the indicated series on wholesale prices, see p. 23 of the November 1945 Survey.
SURVEY OF CURRENT BUSINESS
August 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to t h e Survey
1947
1946
June
September
June
July
August
S-5
194?
October
Novem- December
ber
January
February
March
April
May
COMMODITY PRICES—Continued
PURCHASING POWER O F T H E DOLLAR
As measured b y Wholesale prices
Consumers' prices
Retail food prices
Prices received by farmers!
1935-39=100..
do....
do
.do....
54. 1
»63.
71.3
75.0
68.6
48.9
P52. 4
39. 3
64 8
70. 9
60. 3
43. 6
62.3
69.6
58.3
42.8
64.8
68.5
57.3
43.8
60.0
67.4
55.5
39.0
57 6
65 9
53
40 4
67.1
65.2
53.7
40.3
56.9
65.2
54.3
41.0
55.7
65.3
54.8
40.7
53. 8
64. 0
52. 7
38. 0
54. 5
64. 1
53. 1
38. 5
54 9
64 2
53. 2
39. 2
CONSTRUCTION r AND REAL ESTATE
CONSTRUCTION ACTIVITY*
New construction, total
mil. of doL
Private, total
do...
Residential (nonfarm)
_ , _ do. Nonresidential building, except farm and public
utility, total
...mil. of doL.
Industrial
do
Farm construction
_ _.
do
Public utility
do
Public construction, total
do. _
Residential
_
do
Military and naval
do.
Nonresidential building, total...
.
do. _.
Industrial _
.
._ _
do
Highway
do
All other
_
do
1,062
788
369
'871
699
'284
'982
'767
'324
' 1, 056
'809
'347
' 1, 066
'800
'356
'3,070
'788
'347
'987
'745
'335
'905
'711
'320
839
666
300
795
634
284
826
648
285
876
662
306
958
717
339
252
137
50
117
274
8
16
45
3
125
80
304
138
40
71
172
23
14
26
6
63
46
317
149
50
76
215
32
14
30
6
81
58
321
159
60
81
247
42
18
32
7
91
64
315
167
50
79
266
54
16
35
9
93
68
318
171
40
83
282
66
20
32
9
99
65
308
171
20
82
242
68
17
27
7
76
54
296
166
10
85
194
51
16
23
5
57
47
275
159
10
81
173
39
12
33
5
37
52
260
152
10
80
161
33
12
32
3
34
50
247
146
20
96
178
24
12
36
3
48
58
240
142
30
80
214
16
15
41
4
75
67
243
139
40
95
241
10
15
43
3
100
73
v 157
v 125
v 113
201
195
174
177
179
162
165
161
164
155
158
157
152
147
151
147
138
136
145
140
125
118
139
122
125
122
154
143
120
119
146
144
131
135
151
152
133
135
132
129
152
144
133
123
'153
' 130
'127
'110
24, 044
605, 070
226. 471
378. 599
48,265
807,914
214,534
593,380
36,523
717,991
201,645
516,346
40,101
679,909
204,817
475,092
36, 902
619,857
186,882
432,975
33,342
573,206
133,806
439,400
27,149
503,745
130,329
373,416
25, 536
457, 278
108, 920
348,358
27,619
571,628
166,672
404,956
24,321
442,197
95,770
346, 427
32, 268
596, 755
143, 316
453,439
29,957 ' 27,769
602, 338 ' 674,657
177,272 ' 233,873
425, 066 440, 784
4, 355
27, 561
209, 942
4,357
41,370
273,207
3,582
42,457
283,635
4,108
33,080
211,530
3,648
25,929
169,627
3,696
33,932
225,355
3,609
23, 708
160,871
2, 857
19, 656
148,014
3,096
25,700
200,312
3,006
21, 488
143, 258
3,670
22, 242
191, 903
3,905
26, 034
184,317
4,554
30, 238
235, 899
17, 604
29, 213
209, 458
41,574
51,533
332,248
31,112
45,327
281,227
33,727
45,145
284,025
31,458
47,121
293,831
28,128
36,910
235,068
22,251
33,530
221,113
21, 704
29. 975
193, 365
23, 593
39, 279
257,419
20, 440
32, 469
208,391
21, 414
42, 991
282, 881
24, 284
39, 006
256, 668
21, 255
42, 672
254, 085
1,744
142,495
1,950
154,009
1,537
121,149
2,008
153,456
1,557
107,941
1,271
75,535
1,018
82,626
746
62, 652
681
80,721
665
59, 806
918
77,926
341
43,175
384
48,450
292
31,980
258
30,898
239
48,458
247
37,248
271
39,135
229
53, 247
249
33,176
210
30, 742
266
44,045
259
38,104
271.1
' 300.2
283.7
317.6
248.3
215.7
165.3
123.2
146.4
156.1
217.1
247.2
237.2
271.4
387.8
172. 6
265.7
'
'
r
'
235. 2
360.4
137. 0
207. 6
218.7
321.2
135.8
203.1
235.4
378.7
119.4
215.9
194.6
288.0
115.9
188.4
191.4
286.2
108.4
192.9
153.2
222.5
99.2
137.3
129.4
162.0
97.0
140.0
151.8
196.7
107.7
164.8
158.3
207.6
111.5
168.9
218.5
308.8
141.8
214.1
251. 6
359.1
159 4
248.7
244.2
338. 5
163. 5
241.4
76,900
52, 235
38,130
31,388
2,156
4,586
14,105
79,000
52,227
37, 966
31,170
1,980
4,816
14, 261
81,800
55,407
38, 660
32, 921
1,943
3,796
16,747
65, 500
42,775
35,044
29,335
2,050
3,659
7,731
60,200
37,401
36,067
29,576
1,899
4,592
1,334
46,600
28, 661
28, 539
23, 747
1,594
3,198
122
35, 200
21, 369
21, 369
17,469
977
2,923
0
41,000
25,383
24, 299
20, 537
1,496
2,266
1,084
44, 400
27, 074
27, 074
22,156
1,615
3,303
0
61,600
37,649
37,158
30,615
2,448
4,095
491
555, 469 ' 512,330
541,325
373, 056 ' 448,467
275,825
352, 855
430,970
356, 491
400,415,
3,182
104
1,957
1,121
3,239
138
1,970
1,130
2,306
55
1,661
590
1,343
26
606
711
1,463
1
1,081
382
2,438
52
1,578
808
CONTRACT AWARDS, PERMITS. AND
DWELLING UNITS PROVIDED
Value of contracts awarded (F. R. indexes):
Total, unadjusted
1923-25=100...
Residential, unadjusted
do.
Total, adjusted
_
do
Residential, adjusted
do
Contract awards, 37 States (F. W. Dodge Corp.):
Total projects
number
Total valuation
thous of dol
Public ownershio
do
Private ownership. _
do
Nonresidential buildings:
Projects
number
Floor area
thous. of sq.ft..
Valuation
_
thous. of dol_.
Residential buildings:
Projects
number
Floor area
thous of sq ft
Valuation
thous of dol
Public works:
Projects
number
Valuation
thous. of dol
Utilities:
Projects
number
Valuation .
. _
theus. of dol
Indexes of building construction, based on building
permits (U. S. Dept. of Labor): f
Number of new dwelling units provided. 1935-39=100,.
Permit valuation:
Total building construction
. . .
.
do
New residential buildings.
do
New nonresidential buildings
do
Additions, alterations, and repairs .
do
Estimated number of new dwelling units scheduled to
be started in nonfarm areas (U. S. Dept. of Labor):
Total nonfarm*
_
number..
Urban, total t do
Privately financed, total
_. .
do
1-family dwellings do
2-family dwellings
do
Multifamily dwellings
do. . .
Publicly financed, total
do
Engineering construction:
Contract awards (E. N. R.)§.
thous. of dol..
P!35
83, 200
47, 010
46, 005
34, 576
3,542
7,887
1,005
517,175
1,509
' 1, 607
123, 249 ' 119,713
353
64, 960
' 73, 500
74, 500
' 42, 862 '41,138
' 42, 534 '41,138
r 35, 214 ' 33, 670
r
' 3, 142
3, 085
r 4, 178
4,383
'328
454,471
514, 343
HIGHWAY CONSTRUCTION
Concrete pavement contract awards: %
Total
thous. of sq. yd._
Airports
_
do
Roads
do
Streets and alleys
do
4,228
212
2,456
1,560
4,585
747
2,735
1,103
3,345
385
1,687
1,274
3,731
66
2,055
1,609
3,382
490
1,678
1,214
5,280
513
3,167
1,600
3,828
35
2,607
' 1,186
CONSTRUCTION COST INDEXES
287
Aberthaw (industrial building)
1914—100
270
300
304
300
American Appraisal Co.:
342
352
317
326
335
347
390
427
381
414
Average, 30 cities
..
.1913=100
404
419
371
372
419
337
346
360
367
377
444
Atlanta _ _
do __
448
399
410
434
448
341
353
324
332
347
356
New York
do
375
403
438
390
420
432
427
313
323
364
294
308
317
320
396
343
San Francisco
.
do
379
390
353
392
337
323
344
316
383
St. Louis
do
421
309
375
403
396
332
367
405
f
Revised. •» Preliminary. § Data for May, August, and October 1946 and January 1947 are for 5 weeks; other months, 4 weeks.
% Based on weekly data combined into 4- and 5-week periods except that a week falling in December and January is prorated; see note in February 1947 Survey.
* New series. Estimates of total nonfarm dwelling units for 1910-44 are shown on p. 15 of the November 1946 Survey. Monthly estimates of new construction activity for 1939-45
and annual estimates for 1915-46 are shown on pp. 23 and 24 of the July 1947 Survey; revisions for 1946 not shown above (mil. of dol.): Total new construction—Jan., 469; Feb., 488; Mar.,
567; Apr., 661; May, 768; private, total—Jan., 382; Feb., 409; Mar., 466; Apr., 541; May, 622; residential, (nonfarm)—Jan., 133; Feb., 138; Mar., 161; Apr., 198; May, 240.
t 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. Revisions for the indexes
of building construction for January 1940-December 1945 are available on request. Data for 1920-44 for the number of new dwelling units are shown on p. 15 of the November 1946
Survey (see note in February 1947 Survey with regard to January and February 1945 figures). Since early 1945 data for new dwelling units and the indexes of building construction
above should be considered volume of construction for which permits were issued or contracts awarded rather than volume started. (See note in July 1947 Survey.)
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1946
1947
June
August 1947
July
June
August
September
1947
October
Novem- December
ber
January
February
March
April
May
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES—Continued
Associated General Contractors (all types)—1913=100—
E. H. Boeckh and Associates, Inc.:
Apartments, hotels, and office buildings:
Brick and concrete:
Atlanta
U. S. average, 1926-29=100—
New York
do San Francisco
-do
St. Louis
do
Commercial and factory buildings:
Brick and concrete:
Atlanta
__do
New York
do
San Francisco
-do
St. Louis
_
- - _-do
Brick and steel:
Atlanta
__»
...
do
New York
__do
San Francisco
~
--do
St. Louis
do
Residences:
Brick:
Atlanta
do
New York
—do
San Francisco
do
St. Louis..
do
Frame:
Atlanta
do
New York
do
San Francisco
_
-do
St Louis
do
Engineering News Record:
Building*
-1913=100-Construction (all types)
do
Federal Home Loan Bank Administration:
Standard 6-room frame house:f
Combined index.
1935-39=100Materials
_
—
do
294
252
258
263
267
267
270
275
277
280
282
286
290
160.3
211.2
186.6
187.8
138.6
178.6
158.7
161.9
141.2
180.0
160.6
164.0
142.6
181.5
164.0
164.9
143.0
181.9
164.3
165.3
144.0
182.3
164.8
165.8
144.9
183.4
165.9
167.2
145.7
183.9
167.3
168.5
148.8
194.7
172.4
173.9
153. 4
196.2
174.2
175.8
154.4
204.7
177.8
178.0
155.1
205 6
178 1
178.3
155.4
205 9
178 4
182.8
159.6
212.5
190.6
187.8
137.0
180.3
158.7
164.8
141.3
181.5
159 3
166.2
144.4
184.5
167.0
166.7
144.7
384.8
167.2
167.0
146.0
185.1
167.6
167.2
146.6
185.9
168.4
168.3
147.1
186.2
169.4
169.3
149.9
193.5
174.6
175.2
152.0
194.4
175.7
176.4
153. 5
205.9
180.4
179.0
154.1
206.8
180.6
179.2
154.3
207.0
180 8
185.4
158. 8
206.6
188.0
187.5
135. 5
175. 6
160.1
160.8
137.5
177.3
161.5
162.9
141.8
179.5
168.0
164.3
142.2
179.9
168.2
164.7
142.7
180.3
168.6
164.9
143.9
182.3
169.8
166.5
145.8
183.0
172.5
169.5
148.8
191.1
176.1
172.8
153.1
192.9
178.4
175.3
153.5
202.4
180.7
176.9
154.2
203.4
180.9
177.1
154.4
203.6
181.1
182.1
184.0
223.4
195.1
205.6
148.6
181.3
159.0
167.8
152.4
185.6
163.5
172.5
154.5
187.1
165.8
173.7
155.6
188.0
166.0
174.6
156.2
188.9
166.4
174.9
159.2
192.6
169.6
178.9
161.9
195.4
173.2
183.4
165.8
204.7
177.0
187.6
178.7
211.2
185.6
196.9
179.2
217.6
188.6
199.1
180.2
219.1
188 8
199.3
180 4
219.3
189 0
202.2
187.9
225.0
194.0
207. 2
150.2
181.6
157.5
167.7
153.3
186.0
164.0
172.7
155.4
187.4
162. 9
174.0
156.5
188.5
163.1
175.1
157.0
189.7
163.5
175.4
160.8
194.4
166.8
179.8
164.2
198.0
170.8
183.8
166.8
208.9
173.9
187.0
182.9
217.2
184.9
198.9
183.3
220.8
187.0
200.3
183.9
221.6
187.2
200.5
184.1
221.8
187.4
202.2
304.9
406.5
267.3
354.7
272.3
B61.4
272.4
360.2
273.0
360.9
274.0
362.5
278.8
368.1
289.1
381.7
297.7
390.8
298.8
392.0
300.8
396.1
299.6
396.5
303.1
403.3
145.7
141.6
153.8
147.7
143.7
155.6
149.8
146.1
157.2
151.8
148.0
159.3
154.0
150. 3
161.6
156. 7
153.6
163.1
159.8
158.6
164.8
167.0
168. 2
166.8
173.8
177.6
168.6
179.6
185.6
170.2
182.5
188.8
172.4
183.7
189.1
175.5
6,789
6,818
6,855
6,885
6,995
REAL ESTATE
Fed. Hous. Admn., home mortgage insurance:
6,721
6,759
7,217
Premium-paying mortgages (cumulative) mil. of doL.
Estimated total nonfarm mortgages recorded ($20,000
and under)*
thous. of doL_ 947,357 917, 414 S81,187
Estimated new mortgage loans by all savings and loan
associations, total
thou . of dol._ 323,368 325,997 326,048
Classified according to purpose:
Mortgage loans on homes:
69,700
56, 297 59, 708
Construction
do
184,626 218, 575 216, 369
Home purchase
-do
28, 948 22, 402 21, 388
Refinancing
do
7,327
6,625
11. 963
Repairs and reconditioning
do
21, 256
22,098
Loans for all other purposes
do __ 28,131
Loans outstanding of agencies under the Federal Home
Loan Bank Administration:
Federal Savings and Loan Associations, estimated
3,762
2,887
mortgages outstandingt
mil. of doL_
Federal Home Loan Banks, outstanding advances to
202
289
203
member institutions
mil. of doLHome Owners' Loan Corporation, balance of loans
715
735
557
outstanding
mil. of dol._
6.7
6.3
Foreclosures, nonfarm, index, adjustedt-1935-39=100-.
44, 240 40,998
Fire losses
-.
thous. of dol._ 50,840
6,921
6,959
7,036
7,087
7,147
999, 221 928, 878 1,006,681 869, 489 836, 404
847, 043
770, 095 858,675
941,020
965, 733
324,459
309,791
326,199
271, 476
253,701
250,016
241, 263 288,221
313,636
335,074
59, 377
211,804
22, 032
8,481
22, 765
55, 354
198, 842
21,546
8,027
26,022
60,931
207,139
24, 376
9,061
24,692
51,187
170,162
21, 625
7,034
21, 468
50,233
151,848
22,116
6,040
23,464
51,145
145, 253
22, 599
6,795
24, 204
52, 723
133, 399
22, 529
7,091
25, 521
3,152
61, 543 70,214
78, 612
161. 694 176. 395 186,148
25,916
26.149
28, 383
9, 665 10,788
11,558
29,403
30,090
30,373
3,526
3,358
214
235
253
258
293
251
242
236
245
699
6.8
40,019
682
7.0
40, 256
665
7.4
40,108
651
9.7
44,706
636
8.6
58,094
621
'8.6
57,180
609
8.5
64, 247
596
9.3
72,435
582
570
68,029
56,545
257
DOMESTIC TRADE
ADVERTISING
Advertising indexes, adjusted:!
Printers' Ink, combined index
Farm papers
^Magazines
Newsnapers
Outdoor
Radio
Tide, combined index*
Radio advertising:
Cost of facilities total
Automobiles a n d accessories
Clothing
Electrical household equipment
Financial
Foods, food beverages, confections
Gasoline and oil
.
Housefurn t h i n g s etc
Soap, cleansers, etc
„
Srnokinp materials
Toilet goods medical supplies
All other___
1935-39=100..
do
do
do
do
do
__do
thous. of dol
do
- do . . .
do
do _
do
do
do _
do
do
do
do
15,023
505
100
275
400
3,878
499
167
169
1, 433
4,462
1,613 5
156.8
167.7
191.3
125. 9
193.9
313.2
171.9
177.1
184.2
228.7
145.9
199.9
307.0
193.9
184.5
182.8
237.7
153. 0
213.8
307.8
207.6
171.9
200.9
214.1
139.5
217.7
317.1
202. 0
163.5
195.7
218.8
134.4
212.3
264.0
189.1
167.2
212.7
201.6
138.1
233.3
275.5
195.6
160.6
201.9
202.9
131.5
237.5
268.0
189.9
205.7
201.0
194.2
197.1
196.2
15,827
771
196
323
376
4,114
505
163
1,449
1,268
4,907
1, 755
14,414
660
91
327
351
3, 637
503
154
1,314
1,337
4,714
1, 320
14,011
559
95
332
350
3, 554
503
177
1,332
1,267
4,525
1,316
15,133
666
80
266
356
3,927
536
168
1, 375
1,219
5, 004
1,536
16,741
622
84
254
364
4,512
520
168
1, 575
1,407
5.306
1,929
16,338
654
105
268
387
4, 396
530
159
1, 490
1, 373
5,123
1,855
16,800
731
112
252
428
4,379
583
165
1,574
1, 390
5, 316
1,870
16, 548
670
100
273
444
4, 357
546
169
1, 642
1,355
5,148
1,845
15,102
629
99
224
458
3, 924
507
153
1, 555
1,257
4, 568
1,726
16, 728
740
123
249
532
4, 344
541
175
1. 685
1, 397
5,007
1,934
15, 548
5r'5
08
284
508
4,040
407
155
1,729
1, 308
4,714
1,641
16,009
573
111
301
412
4,120
409
177
1, 762
1, 433
4,744
1,877
*• Revised. JMinor revisions for January 1939-July 1942 are available on request.
*New series. For a description of the series on nonfarm mortgages recorded and data for January 1939 to September 1942 see p. S-5 of the November 1942 Survey. For a brief
description of the Tide index of advertising see note marked "*" on p. S-6 of the April 1946 Survey; data beginning 1936 are available on request. See note in the February 1947 Survey regarding the Engineering News Record index of building cost; data beginning 1913 will be shown later.
t Revised series. Revisions for the index of nonfarm foreclosures for 1940-41 are shown on p. S-6 of the May 1943 Survey. Indexes of advertising from Printers' Ink have been
revised recently. This revised series will be substituted for indexes shown above when complete data are received. The indexes of cost of the standard 6-room frame house are
shown on a revised basis beginning in the April 1946 Survey; revision beginning November 1935 will be published later.
SUKVEY OF CURRENT BUSINESS
August 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
1946
1947
June
S-7
June
July
August
September
October
Novem- December
ber
January
February
March
April
May
23,963
1,383
1,826
32,109
1,576
3,345
42, 617
2,325
5,277
1,169
40, 816
2,262
4, 663
1,288
42, 801
2,601
4,661
1,541
5,033
DOMESTIC TRADE—Continued
ADVERTISING—Continued
Magazine advertising:
Cost, total
thous. of dol__
Automobiles and accessories
._
do
Clothing
do
Electric household equipment.. _
. do
Financial
do
Foods, food beverages, confections
do
Gasoline and oil
do
Housefurnishings, etc
do
Soap, cleansers, etc
_ _
. _ do __
Office furnishing and supplies
do
Smoking materials
.
do
Toilet goods, medical supplies
do
All other
do
3,413
Linage, total._
_.
thous. of lines
Newspaper advertising:
Linage, total (52 cities) _ _ _ _ _ _ _ . . do _ 163,130
Classified
do
39, 341
123, 789
Display, total _
_
.do
7,014
Automotive
do
1,933
Financial
.
do
General
do __ 26, Oil
Retail
do
88,831
32,360
2,297
2,448
25,106
2,034
1,215
27,134
2,186
2,936
36,506
2,425
4,883
1,145
39,463
2,503
4,831
1,161
42, 565
2,755
4,449
1,315
36, 232
1,499
3,456
1,080
608
466
505
3,919
3,298
2,907
3,660
4,394
4,993
4,172
3,931
589
557
638
1,980
1,138
1,180
2,426
2,772
793
790
808
481
406
546
476
554
604
1,053
779
896
5,879
11, 285
3,757
4,608
9,710
3,870
4,208
10,328
4,704
5,226
12,876
5,308
1,095
6,172
13, 515
5,420
1,025
1,252
6,694
15,199
5,213
144, 288 152,871
38,643
39,018
105, 645 113,853
4,046
3,495
1,931
1,877
19,378
22,067
80,290
86,414
165,014
39, 628
125,386
4,480
2,197
27, 207
91, 502
164,120
36, 772
127,348
4,675
2,025
26, 596
94,052
782
580
549
564
137, 718 131,280
34, 502 35, 983
103,216
95, 296
3,714
3,644
2,138
2,584
21,371
19, 973
75,993
69,095
638
478
695
526
674
916
629
715
745
716
2,753
667
666
659
698
6,068
536
4,926
5,246
250
1,147
1,641
2,687
407
369
920
760
551
829
3,292
1,016
3,530
1,182
3,411
9,438
3,952
5,137
11, 683
4,580
5,924
14, 677
4,703
6,120
14, 740
4,332
218
160
2,408
455
992
1,277
5,779
14,287
3,783
740
566
163, 257 139,894 139,993
34, 404 36, 223 34, 588
128, 853 103, 671 105, 405
3,415
3. 556
4,097
1,894
2,511
1.767
22,388
19,895
22, 323
101,155
77, 709 77, 218
916
863
1,069
6,086
14, 956
5,102
600
624
887
627
995
860
167, 384 168, 445 172,376
39, 437 39, 580 41,301
127, 948 128, 865 131, 075
5,537
6,512
6,473
2,157
1,950
2,008
27,163
28, 210
28,100
93,090
94,403
92,283
GOODS IN WAREHOUSES
Space occupied in public-merchandise warehouses §
percent of total._
85.2
85.1
85.5
87.0
87.6
88.2
88.8
89.6
thousands
thous. of dol._
4,408
98,557
4,444
101,857
4,330
101, 735
4,167
101,169
4,575
107,822
4,253
95,112
4,447
93, 691
4,477
95,899
thousands
thous. of dol__
13,343
175,987
13, 217
181, 229
13, 690
192,319
13,125
185,779
15, 649
219, 270
14,042
193,807
13,932
189,903
14,086
193,877
85.1
88.9
88.7
89.2
4,863
4,147
90, 038 108,862
4, 579
97, 079
4,280
89,824
88.8
POSTAL B U S I N E S S
Money orders:
Domestic, issued (50 cities):
Number
_
Value
Domestic, paid (50 cities):
Number
Value
._
12, 691 14, 755 14, 651 13, 771
186, 444 210, 579 195, 527 188, 244
CONSUMER EXPENDITURES
Estimated expenditures for soods and services:*
Quarterly totals, seasonally adjusted, at annual rate:
Total exnenditures
bil of dol
Nondurable commodities
Services
do
do
159 0
20 0
95 0
44.0
138.2
13 9
83 2
41.2
147.3
16 2
88.9
42.1
154.9
18 2
93.6
43.1
156.8
19 0
94.0
43.8
RETAIL TRADE
All retail stores:f
7,464
7,838
8,746
8,822 ' 9, 280
8,911
8,199
9,086
8,556
7,671
8,765
7,736
10, 282
Estimated sales, total
__.mil. of dol__
1,860
2,102
1,921
1,620
1,722
1,854
1,988
1,554
1,770
1,611
2,077
Durable goods store
_
__
do
1,584
2,054
682
696
799
835
681
828
753
551
691
609
730
742
833
Automotive group
do
621
562
598
484
589
683
706
582
710
703
426
560
586
Motor vehicles
do
132
107
116
129
99
132
132
118
120
125
130
125
155
Parts and acessories..
do
552
'674
635
602
545
571
541
476
460
669
540
535
516
Building materials and hardware
do
343
414
293
304
381
349
362
394
330
425
312
336
306
Building materials.
_
do _
64
52
56
58
62
51
66
79
50
78
77
57
50
Farm implements
do
143
182
117
164
151
120
158
143
154
142
167
147
180
Hardware . _
_
do
471
468
377
429
373
444
479
410
418
532
386
377
Homefumishings group
do
'496
283
331
240
240
317
281
285
293
317
259
313
275
357
Furniture and housefurnishings
_ do
154
132
129
151
137
146
164
132
150
111
118
166
175
Household appliance and radios
do
79
71
81
91
71
97
96
86
116
84
245
101
96
Jewelry stores_ _ _ _
_ do __
Nondurable goods stores
_
do
6,688
6,476
6,990
7,232
6,181
6,786
6,060
8,229
6,218
5,880
6,886
6, 834 r 7, 178
806
549
610
856
791
858
775
719
555
717
731
1,089
••786
Apparel group
_
_.. _ _ _ _ d o
222
195
145
192
133
185
166
237
131
192
186
316
Men's clothing and furnishings
do
' 194
375
364
377
244
322
355
280
250
352
312
295
454
'348
Women's apparel and accessories__
do _
123
105
111
129
88
108
104
78
101
80
97
101
162
Family and other apparel
do
134
131
130
98
139
88
132
127
127
100
137
133
158
Shoes,
_ _
do __
298
293
287
300
286
302
303
275
289
288
296
300
395
Drue stores __ _ _
__
do
961
960
861
978
996
Eating and drinking places...
_ .do __
1,072
1,009
1,024
1,073
1,054
1,011
1.015
1, 036
Food group..
_
do
2,272
2,161
1,927
2,019
2, 287
2,004
2, 324
2, 380
2,213
2,098
2,317
2,302
2,478
Grocerv and combination
.do
1,770
1,628
1,452
1,512
1, 748
1,502
1,792
1,831
1,707
1, 632
1,812
1, 786
1,942
532
507
538
502
532
505
536
467
475
506
502
548
516
Other food.
_
do
332
314
343
320
325
282
346
304
327
340
310
332
340
Filling stations
do
973
995
1,200
1, 357
1,136
1,022
1, 207
1,203
1,488
1, 930
1,247
1,260 ' 1,305
General merchandise group
_«. do_
r
788
910
748
640
788
809
1,016
1,277
656
639
842
834
857
Department, including mail order.
. do __
General, including general merchandise with
165
155
153
134
154
140
139
173
142
348
124
120
151
food
do
123
97
142
124
100
126
136
112
199
125
126
146
120
Other general mdse, and drv goods
do
151
281
141
147
117
134
131
116
149
171
134
146
131
Variety
"_
do
*• Revised. § See note marked " § " on p . S-6 of the April 1943 Survey in regard to enlargement of the reporting sample in August 1942
*New series. The estimates of consumer expenditures shown above nave been revised in accordance with revisions in the quarterly estimates for 1939-46 and earlier annual totals
shown as a component of the gross national product in the "National Income Supplement to the July Survey" referred to in the note marked with an "*" on p. S-l. In addition,
it should be noted that quarterly dollar figures, seasonally adjusted, arejnow shown at annual rates instead of unadjusted quarterly totals, as formerly. The indexes have been discontinued. A breakdown of the quarterly estimates by major groups is being compiled and will be included in the Survey at a later date.
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 or indicated in footnote 1 thereto, data for 1929, 1933, and 1935-42 are
correct as published on pp. 7 and 11-14 of the November 1943 Survey. Revisions for January-April 1945 are shown on p. 24 of the August 1946 Survey and data for later months of
1945 are on pp. S-7 and S-8 of the July 1946 issue.
SUEVEY OF CURRENT BUSINESS
S-8
Unless otherwise s t a t e d , statistics t h r o u g h 1941
a n d 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
1947
1946
June
September
June
August
July
August 1947
1947
October
Novem- December
ber
January
February
M arch
April
May
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
All retail stores!—Continued.
Estimated sales—Continued.
Nondurable goods store—Continued.
Other retail stores
...mil. of dol...
Feed and farm supply
do
Fuel and ice
do. _
LiQUors
do
Other
-
-.do
Indexes of sales:
Unadjusted, combined index.
1935-39= 100..
Durable goods stores
do
Nondurable goods stores
do
Adjusted, combined index
do
Index eliminating price changes
- do
Durable goods stores
do
Automotive
do
Building materials and hardware
do _
Homefnrnishings
do
Jewelry
^
_
do
Nondurable goods stores
•»- -do__
AppareL.
-do
Drug
do
Eating and drinking places
do
Food
do
Filling stations
do
General merchandise.
do
Other retail stores
do
Estimated inventories, total*
mil. of doL.
Durable goods stores*
do
Nondurable goods stores*
do. __
Chain stores and mail-order houses:
Sales, estimated, total*
-do
Apparel group*
.
do
Men's wear*
do. _
Women's wear*
do
Shoes*
d°
Automotive parts and accessories*
do
Building materials*
do
Drug*
do
Eating and drinking*
_ __ _
_do___
Furniture and housefurnishings*
do
General merchandise group*
- ----- --do
Department, dry goods, and general merchandise*
. mil.ofdoLMail-order (catalog sales)*
-- do
Variety*
do
Grocery and combination*
do
Indexes of sales:
Unadjusted, combined index*
1935-39=100.Adjusted, combined index*
do
Apparel group*
do
Men's wear*
>
do
"Women's wear*
do
Shoes*
do
Automotive parts and accessories*
- do
Building materials*
-- - -do. . .
Drug*
___do
Eating and drinking*
do
Furniture and housefurnishings*
do
General merchandise group*
do
Department, dry goods, and general merchandise* . . .
1935-39=100..
Mail-order*
do
Variety*
. do_ __
Grocery and combination*
do
Department stores:
Accounts, collections, and sales by type of payment:
Accounts receivable:
Instalment accounts?,1941 average=100_.
Open accounts!
do
Ratio of collections to accounts receivable:
Instalment accounts!
percent
Open accounts§
do
Sales by type of credit:*
Cash sales
percent of total sales.Charpe account sales
- do
Instalment sales
do
Sales, unadjusted, total U. S !
. ._ 1935-39= 100..
Atlanta!
Boston!
Chicago!
Cleveland!
Dallas!
Kansas City!
Minneapolis! >. -_
New York!
Philadelphia!
Richmond!
St. Louis!
San Francisco
- ..-
„
_
-
.
- do
do
do
-do
do
-- do
-do
do
do
do
do
do
875
237
137
140
361
773
207
89
146
331
822
232
125
150
315
859
219
134
163
344
817
205
136
144
333
903
218
156
160
369
918
210
152
176
381
1,089
207
162
228
491
848
204
202
143
299
842
209
203
140
291
266.8
228.1
279.4
256.5
156.6
221.4
159.4
256.1
329.6
421.9
267.9
299.8
242.0
395. 5
262.6
146.9
237.9
294.1
8,487
2,682
5, 805
269.0
232.6
280.8
260.3
156.0
225. 6
172.2
249.9
329. 6
387.3
271.6
285.0
249.1
408.6
274. 5
157. 5
230.4
297.8
9,136
2,950
6,186
282.2
238.6
296.4
273.0
159.3
229.2
172.0
256. 0
342.0
388. 5
287.3
295. 3
260.4
421.9
296. 4
163.3
241.8
320.3
9,562
3,190
6,372
321.6
262.4
340.9
270.1
156. 8
231.6
168.2
280.7
331.3
385.9
282.7
289.2
264.9
394.6
298.7
166.2
240.7
303.3
8,728
2,911
5, 817
241.3
201.2
254.4
276.2
160.2
236.7
170.9
294.0
336.8
364.1
289.1
303.0
251.7
423.3
303.4
169.1
239.0
313.4
8,943
3,192
5,751
250.1
214.6
261. 7
280.6
162.8
250. 7
184.6
315. 7
337. 4
391.7
280.3
309.2
255.4
406.5
301.3
171.5
242,9
327.7
9, 441
3,416
6,025
265.1
230.6
276.4
277.6
156. 6
249.5
187.1
299.4
343.0
413.5
286. 7
308.4
259.1
389. 5
297.6
162. 2
246.2
322.0
9,954
3, 774
6,180
275.4
249.8
283.7
274.2
154. 6
250.7
197.1
267. 6
321.5
408. 7
281.8
293. 0
250. 9
393. 4
299. 5
159.0
244.7
21-5.0
9,971
3, 71 6
6,175
279.
260.
285.
274.
' 154.
245.
186.
' 291.
'336.
386.
283.
' 296.
'248.
'396.
299.
154.
' 252.
'293.
'9,66
' 3, 6?
'5,97
1,715
213
39
96
60
42
74
66
50
22
492
1,913
233
46
103
63
46
75
70
53
27
571
2,037
235
48
103
63
49
61
72
51
27
594
2,398
303
55
139
84
59
55
100
55
32
776
1,690
163
30
73
46
29
65
66
52
18
387
1, 658
153
27
72
41
28
63
64
47
22
389
2, 015
24C
45
118
62
35
74
70
52
24
508
2,017
'240
40
' 111
'69
38
'2,12
'24
4
'11
279.8
267. 6
283.8
275.3
153.8
253.9
185.9
305.4
369.1
387. 6
282.3
297. 7
247.2
387.1
295. 4
152. 5
249.9
307.7
9,361
3, 596
5,765
242.3
200.1
256.1
238.7
162.6
189.8
122.4
235.6
296.9
397.8
254. 7
290.2
251.0
392.3
289.3
139.0
232.9
268.8
7,114
2,186
4,928
235.2
200.0
246.7
247.5
158.2
201.0
134.6
250.2
298.4
417.5
262.6
291. 5
240.4
387.6
251.9
140.6
237.2
299.1
7,439
2,319
5,120
1,966
228
37
104
69
44
93
65
50
25
509
1,650
224
36
105
65
44
64
68
48
22
146
1,599
171
24
84
50
45
64
67
50
21
425
252.6
214.1
265.2
261.4
163.4
214.9
152.3
263.7
304.7
409.9
276.5
331.3
242.4
382.2
271.5
147.2
253.4
297.4
8, 055
2,477
5, 578
r
l',876
205
33
96
59
48
72
70
51
23
502
304
77
116
661
259
61
116
479
242
59
113
486
286
79
126
618
278
91
113
482
324
104
131
542
331
104
147
650
429
92
243
666
203
75
100
633
202
77
101
629
273.0
270.2
285.4
260.1
365. 0
220.9
218.3
330. 8
224.0
227.5
260. 8
264.3
220.8
218. 6
270. 5
240.5
357.9
199.1
216.0
225. 4
229. 6
216.5
232.4
224.8
212.9
230.6
278.1
250. 8
343.2
230.2
224.9
225. 8
226.1
224.3
225.5
242.0
234.1
254.0
330. 0
360. 5
379.3
268.0
234.5
234. 5
232.5
222.1
201.3
259.4
244.2
238.3
284.8
321.6
358. 5
191.0
237.8
233. 3
225.3
209.5
202.0
244.9
250.1
237.2
273.7
283.4
337.4
206.7
251.3
211.3
226.8
212.5
204.1
241.5
268.3
254.9
280.9
286.0
336.3
226.6
287.9
208.9
239.0
218.2
215. 7
249.4
325.7
258. 8
280.0
262. 9
328.6
245.2
299.4
250.2
250.8
208.9
216.0
243.1
225.2
262.8
299. 6
258.9
358.4
269.1
192.0
290.9
227.1
228.8
230.0
253.0
321.5
237.2
162. 7
314.8
262. 5
196.7
' 185. 6
213.3
283.9
222.5
189.3
226.8
300.9
259.3
197.0
267.4
279.8
250. 5
188.6
243.9
283.0
202. 5
199.3
245.8
289.6
221.3
203.4
283.1
288.9
181.5
206.7
297.0
46
133
45
119
48
127
50
145
55
156
62
176
33
60
32
57
35
59
34
56
37
60
59
37
4
253
306
216
245
257
'310
'266
236
221
228
'269
274
288
61
35
4
208
275
157
198
203
290
239
204
158
175
220
234
266
60
36
4
242
321
184
236
249
332
279
232
189
195
254
284
291
57
39
4
278
374
237
268
251
395
311
287
214
246
316
316
326
56
39
5
278
372
240
268
265
384
312
281
202
258
312
313
330
55
39
6
p 265
307
270
267
308
269
231
238
278
269
»294
941
252
192
157
341
902
270
138
147
348
'92
25
13
'15
'37
t
4
c
(
r f\~
• 51
c
24
.532
5,
280
96
122
713
303
88
129
689
35
i
IS
7^
239.1
269.1
297.9
274.0
361. 5
251. 2
201.7
331.3
231.2
221.8
257.4
256. 3
261.5
272.7
298.6
309.8
381.0
210.5
222.9
320.8
231. 4
220.8
241.7
268. e
' 272. 7
' 268. 5
' 290. 7
' 268. 0
' 373. 0
'221.8
212.6
272.
209.
294
287
374
219
234
927 7
'218.6
' 223. 2
' 264. 2
r
287.0
259.7
196.2
300.7
293.7
268.6
191.8
309.9
312.7
276.0
198.3
212.2
' 309. 4
246.3
205.4
313.3
'7315
246
'194
313
75
224
75
176
74
154
76
160
80
164
1
37
59
35
54
29
52
28
51
32
56
29
54
57
38
5
336
416
284
318
333
434
340
302
301
318
370
371
376
57
38
5
441
570
398
409
430
567
448
385
392
408
494
463
503
57
37
6
209
273
170
196
194
294
225
196
182
188
219
228
249
56
38
6
222
298
171
210
210
306
247
202
188
192
226
244
278
55
39
6
266
346
227
250
262
337
283
258
229
255
292
288
295
55
39
fi
2C<h,
35C
227
266
347
290
264
223
248
210
297
297
228
223
r ?32
264
'2
3
2
2
2
3
2
'2
2
3
3
3
' Revised.
» Preliminary.
§Minor revisions in the figures prior to November 1941 are available on request.
•New series. Revised 1940-43 dollar figures and indexes for total chain store sales and furniture and house furnishings, 1942-43 indexes for all series in the general merchandise
group except mail-order, and revisions in the 1942 or 1943 data for a few other series are available on p. 20 of the September 1945 Survey. Except as given on that page, data for 1929,
1933, and 1935 to March 1943 are correct as published on pp. 15-17 of the February 1944 Survey. Revisions for January-April 1945 for grocery and combination stores and the total
(dollar figures and indexes) are shown on p. 24 of the August 1946 Survey. Data beginning 1939 for retail inventories will be published later; data shown in the Survey beginning
with the June 1944 issue are comparable with estimates published currently. See p. S-9 of the August 1944 Survey for data beginning June 1943 for the series on department store
gales by type of payment.
!Revised series. See note marked "f" on p. S-7 for reference to data through June 1944 and for January-April 1945 for sales of all retail stores. The indexes of department store
sales for the United States and the indicated districts have been revised for all years. Revised data beginning 1919 or 1923 for the United States and several districts have been p r v
lished as follows United States, p . 17 of December 1944 Survey (there have been unpublished minor revisions in the adjusted index for 1938-45); Atlanta, p. 23 of May 1947 issue;
Dallas, p. 20 of February 1944 issue; New York, p. 20 of April 1947 issue; Richmond, p. 22 of June 1944 issue (further revisions in the 1943-44 data are in footnote on p. S-8 of March
1946 issue); complete revisions for other districts will be shown later; there have been further revisions in the adjusted indexes for Kansas City and Cleveland as published prior to
the July 1946 and September 1946 issues, respectively, and for Philadelphia as published prior to July 1947 issue.
SURVEY OF CURRENT BUSINESS
August 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
1946
June
September
June
July
August
S-9
1947
October
Novem- December
ber
January
February
March
269
338
219
262
256
347
272
261
224
234
281
290
330
275
346
237
260
257
347
298
279
229
236
307
294
"325
April
May
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
Department stores—Continued.
Sales, adjusted, total U. S.f—1935-39=100.
Atlantaj
__do___
Boston!
do._.
Chicagot
do
Cleveland!
._
do...
Dallas!
_
-.
do...
Kansas City!
do...
Minneapolis!
-do...
New Yorkf_
do._.
Philadelphiaf
do...
Richmond!
do
St. Louisf
do...
San Francisco
.
_
do._.
Stocks, total U. S., end of month:!
,
Unadjusted
1935-39=100.
Adjusted
do
Mail-order and store sales:
Total sales, 2 companies
thous. of dol.
Montgomery Ward & Co.
_
do...
Sears, Roebuck & Co
__
_do___
Rural sales of general merchandise:
Total U. S., unadjusted
1929-31=100,
East
do...
South
do...
Middle West
„._
do...
Far West
do...
Total U. S., adjusted
.
do...
East
.do___
South
_do___
Middle West.._.
..do...
Far West
_
_do.__
365
278
284
362
P305
283
254
265
316
299
276
365
232
253
273
••365
•-289
248
243
253
'306
305
'314
273
343
227
254
260
381
281
253
236
243
307
300
322
290
365
246
281
286
381
300
259
259
259
307
330
324
270
367
226
263
249
376
321
265
205
246
298
313
313
257
347
216
250
248
349
297
254
179
233
286
293
319
272
347
230
261
266
356
283
253
231
239
291
294
319
274
363
231
264
277
348
299
251
232
250
293
303
317
205
210
223
222
238
221
250
226
267
237
277
256
235
274
253,091 201,976
89,635
75, 428
163, 456 126, 548
194, 503 232,811
72, 667 91,864
121,836 140,946
265
341
215
245
256
363
281
262
228
247
'293
278
313
276
353
227
261
272
377
296
257
235
258
299
306
315
367
*>241
276
298
379
*316
'273
253
275
303
321
323
265
234
252
263
»'253
273
268
275
265
242,461 283, 733 281, 422 313, 678 201, 052 185, 800 249, 263 260,325 2 75,884
94,005 112,155 106, 355 117,281
67, 097 71, 205 97, 552 99,623 104,322
148, 456 171,578 175,067
133,955 114,595 151, 711 160, 701 171,562
287.7
278.0
384.3
251.1
335.3
315.8
302.8
478.0
266.0
351.8
243.4
236.6
322.4
210.0
294.1
267.2
257. 7
401.0
222.4
214.8
189.5
300. 4
188.3
263.5
294.2
266.1
442.4
255.1
321.4
288. 0
268.0
394.0
253.2
325.2
352.1
336.2
546.4
306.9
353.1
340.3
320.1
493.2
286.7
383.5
321.9
325. 6
446.8
279.7
327.7
345.1
334.6
493.8
293.2
384.9
265.6
260.0
333.2
230.8
320.5
376.9
372.8
552.2
313.2
439.0
289.7
289.2
402.1
238.9
361. 9
333.8
491.5
312.6
465.5
229.4
200.5
327.2
200.4
285.2
239.7
243.8
348.3
199.6
258.9
315.0
320.7
440.3
261. 0
352. 2
279.6
266.0
430.4
235. 5
295. 0
345.6
325.2
471.9
296.2
398. 6
331.0
358.2
423.2
289.0
350.5
376.9
398.9
468.6
326.2
425.8
307.6
309.3
409.5
263. 5
336. 5
334.6
324.6
464.8
282.1
376.8
292.5
296.3
382.9
250.6
328.8
318. 6
322.1
451.5
264.7
365.7
4,842
1,700
3,142
6, 755
4,145
1,239
2,906
4,498
4,505
1,317
3,188
4,642
4,772
1,436
3, 336
4, 809
4,879
1,483
3,396
5,055
5,642
1,680
3,962
5,338
5,368
1,600
3, 768
5,738
5,346
1,671
3,675
5,939
5,109
1,583
3, 526
6.271
4,732
1, 509
3,133
6, 514
4,996
1, 736
3,260
6,729
4.977
1.818
3,159
6,823
4,948
' 1, 763
' 3,185
6,734
WHOLESALE TRADE
Service and limited function wholesalers:*
Estimated sales, total
mil. of dol
Durable goods establishments
do__
Nondurable goods establishments
do__
All wholesalers, estimated inventories*
do..
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
Employment status of noninstitutionarpopulation:*
Estimated number 14 years of age and over,
total
thous.. 107,407 106, 210 106,360 106,470 106, 630 106,760 106, 840 106, 940 106,970 107, 060 107,190 107, 260 107,330
53,820 53. 890 53,980 54,060
54, 506
53,750
54,110 54,150
Female
,
.
do
54,180
54,420
54,460
54,370
54, 230
52, 540 52, 580 52,650 52,700
52,910
52,460
52,730 52, 790
Male
do
52,790
52,840
52,870
52,820
52,830
2,170
1,398
2,710
2,450
2,220
3,070
1,890
Armed forces..
do
2,010
1,720
1,470
1,570
1,530
1,620
62,609
60,110
59,750
59,120
58, 930
Civilian labor force, total
do
58,970 58, 430
57, 790
60,290
58,390
59,120
58, 010
18,149
17,400
17,170
17, 270 17,170
17, 270
16, 440
17,020
Female
do
15,930
17,120
15,950
16,320
15.910
44,460
42, 710 42,580 41, 850 41, 820 41,950 41, 990
41, 660
Male
do
41,860
43,170
42,440
42,800
42,100
60,055
57,840 57,690
57,050 57,030
56,360
57,040 56, 310
Employed..
...do
55, 390
58,330
56, 060
56, 700
55, 520
17,302
16, 890 16, 710 16, 780 16, 760 16, 610 16, 010
16, 710
Female
...do
15, 480
16, 580
15, 470
15,800
15, 430
40,950
40,980 40, 270 40,270 40, 430 40, 300
39, 650
Male
_.
do.-«. 42, 753
39, 910
41, 750
40, 590
40,900
40, 090
10,377
10,010
7,210
9,140
8,750
9,970
8,620
7,900
Agricultural employment. do
6,500
8,960
7,240
6,920
7,860
49, 678
46,360
48,300 48, 410 49,140 49,100
47, 870 48,550
Nonagricultural employment
do
48, 890
49,370
48,820
48.600
48,840
2,120
2,060
2, 555
2,070
2,270
1,960
Unemployed
._
do
2,570
1,930
2,400
1,960
2,330
2,490
2,420
44,270
43,399
45, 290 45, 600 45, 860 46, 620
43,540
Not in labor force
»
do
44, 210
47, 460
45, 570
47, 230
47,430
46, 610
Employees in nonagricultural establishments: f
Unadjusted (U. S. Department of Labor):
42, 226
40,680
40,877 41, 466 41,848 42,065 42, 439 42,928
41,803
Total
.
....do
42, 043 • 41, 823 -41,916
41. 849
15,064 15, 271 15,348
15, 259
14,371
14,526
14,876
15,035
15,372
Manufacturing
do
15, 475 ' 15, 510 • 15,429
15,230
874
883
889
864
886
884
883
873
883
Mining
do
879
881
880
856
1, 753
1,644
1,532
1,713
1,627
1,761
1,747
1,627
1,713
Construction
do
1,534
1,619
1,502
' 1,688
4,093
3,996
4,103
4,071
4,014
4,121
4,064
4,051
4,101
Transportation and public utilities
..do
' 4,020
«• 3,836
4,01 1
' 3,968
8,667
8,342
8,402
9,234
8,552
8,567
8,337
8,523
Trade
do
8, 551
8,507
8,563
' 8, 547
6,054
5,961
5,984
6,071
6,222
6,119
5,975
6,990
Financial, service, and miscellaneous
do.—
6,106
6,107
' 6,155
6,120
5,551
5,614
5,502
6,384
5,488
5,638
5,407
5,605
5,426
Government
_
do
5,447
5,367
5,475
5,415
Adjusted (Federal Reserve):
P 42, 203
• 40,671 • 40, 797 '41,309 ' 41,669 • 41,854 • 42,139 • 42,207 ' 42,243 ' 42, 354 ' 42, 395 ' 42,064 ' 42,075
Total
....
...do
14,745
* 15, 288
14,475
14,953
15,019
14,400
15,233 15.310
15, 565 • 15, 513 r 15,351
15,426
15, 529
Manufacturing
.
do
*>889
873
886
884
864
883
883
874
880
879
883
Mining
..do.-..856
'881
r
1, 535
v 1, 693
1,601
1,648
1,473
1,670
1,679
1,731
1, 651
1,632
1,678
Construction
.
do
1,652
1,671
3,991
v 4,080
4.042
3,956
4,064
4,093
4, 052
4,101
4,091
4,075
' 4, 040
Transportation and public utilities
..do
' 3,855
' 3, 968
8,464
8,573
8,609
8,426
8, 581
8,637
8,639
8,630
8,595
' 8, 695
Trade..
do
8,637
' 8, 633
Estimated production workers in manufacturing indus12, 244 12,253
12,101
11,767
11,623
12,449
12, 514
12, 511
12, 614 ' 12, 524 '12,343
12, 593
tries, total (U. S. Dept. of Labor)*
thousands.. 12,352
6,457
6,249
6,160
5, 984
6,281
6,393
5,865
6,379
6,429
6, 532
6. 502
' 6,527
' 6,428
Durable goods industries
do
1,554
1, 514
1,490
1.521
1,445
1,552
1,403
1,500
1,535
1,567
1,562
1,567
' 1, 555
Iron and steel and their products
do
Blast furnaces, steel works, and rolling mills
482
480 i
474
453
480
482
470
491
467
487
483
thousands. 480
' Revised. » Preliminary.
•New series. Annual estimates of total wholesale sales beginning 1939 are available on p. 32 of the February 1946 Survey and the table on the back cover of the February 1947
issue and monthly figures beginning June 1943 for all series are on p. S-9 of the August 1944 and later issues. For estimates of wholesalers' inventories for 1938-42, see p. 7 of the June
1942 Survey and p. S-2 of the May 1943 issue. Estimates of the labor force have been revised beginning July 1945 (see explanation in the February 1947 Survey) and revision of the
earlier data is in progress; all revisions for these series and data prior to 1946 for the series on noninstitutional population and persons not in the labor force will be published when revisions are completed. See note marked "*" on p. S-10 regarding the estimates of production workers in manufacturing industries.
! Revised series. See note marked " ! " on p. S-8 regarding revisions in the indexes of department store sales. Revised data for 1919-45 for the index of department store stocks
are shown on p. 24 of the August 1946 Survey. Revised estimates of employees in nonagricultural establishments for January 1939-February 1946 are shown on pp. 22 and 23 of the
May 1947 Survey; earlier data back to 1929 for several series are available in the July" 1945 Survey as indicated in the footnote on p. 23 of the May 1947 Survey; the Department of Labor recently compiled a break-down of the financial, service and miscellaneous group above; computation of seasonally adjusted data for the separate groups resulted in
minor revisions in the seasonally adjusted total for all groups, which are available upon request.
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
1946
June
September
July
June
August
August 1947
1947
October
Novem- December
ber
January
February
March
April
May
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Est4niated production workers in manufacturing*—Con.
Durable goods industries—Continued
521
571
526
545
563
579
Electrical machinery
_
thousands..
1,174
1,049
1,066
1,092
1,112
1,131
Machinery, except electrical
do
352
348
357
363
370
Machinery and machine-shop products
do
59
59
61
62
62
Machine tools§_
do.
779
755
788
725
693
774
Automobiles
do.
468
465
479
476
455
457
Transportation equipment, exc. automobiles..do
134
126
129
140
143
Aircraft and parts (excluding engines)§
do
28
26
27
28
29
Aircraft engines §
do
158
183
174
139
134
Shipbuilding and boatbuilding§_
.do
408
392
406
411
378
417
Nonferrous metals and products
do
667
561
584
553
583
590
Lumber and timber basic products.._
..do
'454
'469
'473
'474
'447
Sawmills and logging camps§
do
424
392
405
405
411
391
Furniture and finished lumber products
do
211
217
217
220
210
Furniture §
do
415
415
401
418
422
398
Stone, clay, and glass products
do
5,895
5,941
5,995
5,783
5,972
5,758
Nondurable goods industries
do
Textile-mill products and other fiber manufactures
1,177
1,191
1,189
1,204
1,175
1,215
thousands..
445
456
448
460
Cotton manufacturing, except small wares..do
452
91
93
94
92
Silk and rayon goods
do
Woolen and worsted manufactures (except dyeing
155
156
161
160
160
and finishing)
thousands..
983
1,030
1,065
1,013
1,049
1,038
Apparel and other finished textile products..do
258
266
261
267
270
Men's clothing §
--do
371
402
399
415
418
Women's clothing §
do
357
356
343
360
358
355
Leather and leather products..
do
••219
'217
'220
'219
'216
Boots and shoes§
do
1,119
1,184
1,033
1,175
1,091
1,111
Food and kindred products
do
234
237
234
241
241
Baking
_.
do
184
207
111
245
173
Canning and preserving
do
123
138
128
95
Slaughtering and meat packing
do
86
86
87
84
85
Tobacco manufactures
do
369
368
372
365
381
376
Paper and allied products
do
168
168
168
166
168
Paper and pulp
do
399
393
401
422
397
410
Printing, publishing, and allied industries
do
131
130
132
130
134
Newspapers and periodicals...
do
158
156
159
160
163
Printing, book and job
do
520
522
530
539
516
539
Chemicals and allied products
do
117
118
117
117
118
Chemicals
do
156
153
157
155
155
161
Products of petroleum and coal
__..do
100
99
100
100
99
Petroleum refining
do
223
221
229
214
215
236
Rubber products
„
do
103
106
107
110
99
Rubber tires and inner tubes
do
Production workers, unadjusted index, all manufactur150.8
141.9
143.6
149. 5
147.7
149.6
ing (U. S. Dept. of Labor)t
1939=100
178.8
162.4
170.6
173.1
173.9
165.7
Durable goods industries
do
156.7
141.5
150.2
151.2
152.7
145.7
Iron and steel and their products
do
Blast furnaces, steel works, and rolling mills
116.6
120.9
123.6
123.6
121.9
1939=100220. 3
201.2
203.2
210.5
217.3
223.4
Electrical machinery
do
222.2
198.6
201.8
206.6
210.3
214.0
Machinery, except electrical
do
171.8
173.7
176.2
179.5
183.0
Machinery and machine-shop products
do
161.9
161.5
167.5
169.2
169.2
Machine tools§
do
193.7
172.3
180.2
187.8
196.0
192.3
Automobiles
do
292.9
301.6
299.9
294.7
286.8
287. 8
Transportation equipment, exc. automobiles-do
316.3
324.2
338. 3
351.6
360.9
Aircraft and parts (excluding engines) §
do
292.3
298.3
309.3
310.5
321.8
Aircraft engines§
do
264.6
251. 2
228.6
200.8
193.3
Shipbuilding and boatbuilding§
.
do
177.9
164.9
171.2
177.3
179.5
182.0
Nonferrous metals and products
do
131.6 r 133.5
158.5
139.0
138.6
140.4
Lumber and timber basic products
do
'
142.
6
144.8
'
150.
7
'149.4
'151.0
Sawmills and logging camps§
do
119.1
119.6
123.4
123. 5
125. 2
Furniture and finished lumber products
do
129.3
117.9
118.7
122.2
121.7
123.7
Furniture §
...do
135. 6
136.6
141.6
142.5
143.8
Stone, clay, and glass products
do
141.5
125.7
126.2
129.7
130.9
130.4
Nondurable goods industries
do
128.7
Textile-mill products and other fiber manufactures
104.1
102.8
105.
2
106.2
104.0
102.9
1939=100..
113.0
112.4
115.1
114.2
116.0
Cotton manufactures, except small wares.-_do
76.6
75.9
77.6
77.2
78.3
Silk and rayon goods
do
Woolen and worsted manufactures (except dyeing
103.9
107.3
104.4
107.5
107.0
and finishing)
1939=100..
124.5
128.3
130.5
134.9
132.9
Apparel and other finished textile products-__do
112.2
113.6
115.7
117.7
116.1
Men's clothing §
do
129.6
139.4
140.5
146. 0
145.0
Women's clothing §
do
103.
0
103.8
102.7
102.2
103.1
Leather and leather products
do
'95.0
'05.4
' 94.1
'93.7
'95.0
Boots and shoes §
do
131.0
120.9
138. 6
127.7
137.5
130.1
Food and kindred products
do
101.4
101.5
102.7
104. 6
104.6
Baking
do
136.8
82.8
153.
5
128.9
182.2
Canning and preserving
do
102.4
106. 5
114.8
70.0
78.6
Slaughtering and meat packing
do
90.2
90.7
92.1
91.7
95.8
93.5
Tobacco manufactures
do
143.7
137.4
138.8
139.2
141.7
140.0
Paper and allied products
do.
120.9
121.9
122.1
122. 0
122.0
Paper and pulp
do
121.1
119.9
121.6
125.0
122.3
Printing, publishing, and allied industries__.do
128.7
109.6
109.
4
110.4
112.8
111.0
Newspapers and periodicals^
do.
126.3
123.8
125.0
128.9
125.8
Printing, book and jobj
do.
178.9
181.3
180.5
187.2
184. 0
Chemicals and allied products
do.
186. 9
168.4
169.0
168. 5
169. 8
167. 6
Chemicals
do.
146.7
144.5
147.4
146. 8
147.8
Products of petroleum and coal
do.
152.0
137.4
136.1
137.4
136.2
137.0
Petroleum refining
do.
177.0
182.9
184.
0
194.8
189.1
Rubber products
do.
178.0
183.1
195.8
189.9
204. 0
197.0
Rubber tires and inner tubes
do.
JData beginning August 1942 are available in the November 1943 Survey: earlier data will be published later.
Ct7^*- 1O/M
Ac> A r-» + ^
f,A- ,~,V»i^.V^-.n^K*-nT. f-^rt »-»
irv ^.f T\ ^ ««»-^. U . . -
mi-i
o
-
. J
f,...
mon
A A ^i ^ *. ~
f
_ J
_ _
ri
.
i
•
590
1,150
378
60
778
464
146
29
134
422
599
'480
419
224
422
6,070
597
1,161
380
61
774
473
145
29
143
426
592
'473
425
227
424
6,121
1,173
381
60
755
474
144
30
142
428
592
'471
432
230
425
6,082
601
1,181
385
59
791
472
142
29
141
432
598
'477
441
235
424
6,091
599
1,189
386
58
798
471
141
28
140
430
611
'489
440
234
427
6,082
567
1,197
836
57
807
477
143
28
' 144
424
'627
'503
433
230
428
5,997
'554
' 1,194
384
55
'749
'468
139
27
141
'413
'651
525
'425
226
'419
5,915
1,230
465
95
1,242
469
1,242
470
1,247
472
95
1,242
470
95
1,223
468
94
' 1,197
460
92
162
1,063
280
407
357
'219
1,141
249
132
139
91
383
171
415
135
165
550
121
155
99
240
112
164
1,079
283
414
362
'222
1,139
253
116
151
92
387
172
420
137
166
555
123
155
99
242
112
163
1,090
285
422
362
'223
1,098
249
95
154
90
386
172
417
135
166
564
124
154
98
240
110
162
1,119
288
439
364
'224
1,059
244
82
149
89
387
173
420
137
166
568
124
155
99
240
109
158
1,120
288
442
363
'224
1,055
245
77
144
86
387
173
421
139
165
569
125
155
99
238
108
153
1,066
284
408
358
'221
1,068
247
80
139
82
385
171
422
140
164
565
125
154
98
234
106
148
' 1, 037
281
389
'345
'213
' 1, 077
246
80
143
83
'381
172
422
141
163
'561
125
158
101
'223
102
152.0
176. 7
154.9
152.8
177.0
153.4
152.7
178.0
156.5
153. 7
180.1
157.5
154.0
" 180.9
158.1
152.9
180.8
158.0
' 150. 7
' 178. 0
' 156. 8
124.0
227.6
217.7
186.7
164.6
193.3
292.4
368.8
329.8
193.2
184.0
142.4
'152.9
127.7
125.6
143.9
132.5
120.2
230.6
219.6
187.6
165.3
192.3
298.2
364.8
326. 2
206.2
185.8
140.8
' 150. 7
129.6
127.7
144.4
133.6
123.5
230. 8
222.0
188.8
163.2
187.7
298.4
362. 8
331.4
205.7
186.9
140.9
' 150. 2
131.8
129.9
144.9
132.8
124.4
232.0
223.5
190.3
161.1
196. 6
2Q7.6
357.6
321.8
203. 3
188.9
142.3
'152.1
134.5
132.1
144.5
133.0
124.2
231.3
225.1
190.6
158.4
198.2
296.7
355. 8
314.9
' 202. 8
187.5
145.4
' 155. 7
134. 2
131.3
145. 3
132.8
125. 3
218.7
226.6
190.8
156. 1
200. 5
300. 8
359. 2
315.8
' 207. 8
184.8
'149.1
' 160. 3
132. 1
129. 1
146. 0
130.9
126.4
' 213.8
' 225.9
189.6
150.5
' 186. 2
' 294. 8
349.9
306.2
203.5
' 180.1
' 154. 8
' 167. 5
' 129. 5
127.2
' 142. 6
' 129.1
107.6
117.5
79.1
108.6
118.4
79.8
108.6
118.7
79.9
109.1
119.1
79.6
108.6
118.7
79.5
106. 9
118. 1
78.4
' 104. 6
116.2
76.7
108.7
110.2
134. 6
136. 6
121.8
123.1
142.1
144.8
102.9
104.4
' 94.7
'96.0
133.5
133.3
107.9
109.6
98.1
86.2
115.3
125.0
97.6
98.3
144. 3
145.7
124.1
125.0
126. 6
127. 9
113.7
115.2
130. 6
131.6
190. 9
192.5
173.3
176.7
146.6
146.1
136.0
136. 4
198.8
200.1
207.0
206. 3
p
Revised.
109.2
138.0
123.9
147.4
104.4
'96.4
128.4
107.9
70.3
128.1
96.1
145.6
125.2
127.2
114.0
131.5
195.6
178.6
145.4
135. 0
198.8
203.5
108.6
141.7
125.3
153. 5
104.9
'97.1
123.9
105. 7
60.8
123.5
95.4
145.9
125.7
128.1
115.6
131. 4
197.1
178.6
146.0
135. 2
198. 2
201.2
105.9
141.9
125. 2
154. 5
' 104. 7
' 97.2
123.5
106. 2
56.9
119.1
92.2
145. 9
125. 5
128.2
116.7
130. 4
197.5
179.1
145.9
135.4
196. 5
' 199.2
102.7
135. 0
123. 5
142.4
' 103. 0
' 95. 6
125.0
107.2
59.6
115.4
87.5
145. 0
124. 6
128.6
117.6
130. 1
196. 2
180.1
145.4
134.1
193. 5
' 195. 0
99.2
' 131.4
122.2
136.0
-•99.4
92.1
'126.0
106. 5
59.3
118.8
'88.4
' 143. 7
125.0
' 128.7
118.7
129.1
' 194. 8
180. 3
' 149. 3
138.0
184.2
188.7
1941(da
similarly been revised beginning 1939; revisions prior to May 1946 will be shown later.
*New series. Estimates of production workers for 1929-43 for all manufacturing, total durable goods, total nondurable goods, and the industry groups are shown on p 22 of December 1945 Survey; data for 1944 are on p. 24 of July 1946 issue and data for January 1945-February 1946 are on p. 24 of the M a y 1947 issue. Data beginning October 1941 for the
individual industries are available on pp. S-8 and S-9 of the December 1942 and later issues (except as indicated in note marked " § " above) and data back to 1939 will be shown later.
tRevised series. The indexes of production-worker employment and pay rolls (pp. S-12 and S-13) have been completely revised; for 1939-41 data for the individual industries
(except as indicated in note marked "§") and 1939-40 data for the unadjusted series for all manufacturing, total durable goods and total nondurable goods industries and the im] •<** y
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
for 1944, p . 24 of the J u l y 1946 issue, and for January 1945-February 1946, p . 24 of the M a y 1947 issue.
SUKVEY OF CUEEENT BUSINESS
August 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
1946
June
September
June
July
August
S-ll
1947
October
Novem- December
ber
Janu*
ary
February
March
April
May
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMP LO YM ENT—C ontinued
Production workers, adjusted index, all manufacturing
(Federal Reserve)!
.1939=100..
Durable goods industries!
do
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
P 151.0
v 178.6
p 129.3
142.2
162. 3
126.3
143.0
165.2
125.6
146.3
169.7
127.8
148.6
172.7
129.6
149.1
173.8
129.7
151.5
176.4
131.8
152.4
177.1
133.0
153.4
178.7
133.4
154.4
180.8
133.6
154.6
181.5
133.4
153.8
181.2
132.2
' 151.9
'178.3
' 131.1
89.2
89 7
79.0
89.6
74.4
98.9
94.2
81.4
89.5
78.0
101.2
95.4
82.0
90.8
82.5
103.2
95.5
82.2
90.5
83.5
102.5
93.9
83.2
90.1
83.9
101.7
93.4
82.9
90.0
85.2
101.2
93.0
83.0
88.1
86.2
99.7
92.6
83.4
90.8
87.2
96.9
92.1
82.9
90.4
87.6
97.1
91.7
81.8
89.7
88.6
98.7
92.0
80.1
83.4
'89.6
103.1
92.6
81.1
'88.4
'89.4
104.3
93.3
107.4
103.5
99.9
128.7
112.1
171.7
101.2
128.9
112.4
177.7
101.9
130.2
111.9
181.1
101.9
129.9
112.0
181.0
102.0
130.3
110.3
181.6
102.5
130.6
108.7
183.4
103.0
130.1
107.4
184.6
102. 5
130.9
104.6
185.2
103.2
131.1
' 201. 5
186.9
104.0
131.0
100.7
188.4
' 104. 8
130.9
104.5
' 127.2
' 105. 7
' 130. 7
102.8
160.1
127.8
112 1
119 4
131.6
112.3
119.9
130.0
113.6
119.1
124.5
111.6
119.3
125.6
109.9
119.5
126.1
110.1
120.6
123.0
109.9
120.2
120.9
110.9
119.1
118.2
111.0
117.3
117.0
109.5
117.7
118.8
108.7
117.3
121.5
109.1
117.5
'r 123. 7
110.2
' 118. 4
111 5
107.2
106.2
103.5 . 101.3
121.0
117.7
106.9
107.5
228.2
229.0
106.6
103.6
117.4
109.1
225.9
109.8
103.5
125.4
109.4
112.2
103.7
132.4
110.7
1
199. 2
117.2
108.6
144.8
112.7
126.5
111.8
171.1
114.4
110.5
108.5
125.6
112.2
109.6
111.2
119.4
111.9
111.1
112.8
122.5
111.7
111.4
113.7
122.8
110.5
111.3
113.9
121.4
109.7
205,161 225,184 237, 601 236,644 235, 045 220, 879
59,001
73, 766 82, 384 88, 473 87,889
75, 850
110, 537 114, 717 117,543 110, 940 110, 363 108, 328
198,097
56, 289
104,901
108 8
(i)
186,449 188,212
45,094
46, 048
104, 914 105, 699
199, 338 213, 871 257, 292
52,330
69, 239 107, 049
107,855 105, 407 109, 641
2,299
2,282
2,232
2,154
1,981
1,944
1,926
233
225
1,966
235
226
1,973
235
224
221
220
219
218
215
' 1, 907
'212
p 1, 405
P 134.8
P 133.0
1,358
130.4
128.6
1,378
132.2
129.5
1,400
134.3
131.6
1,392
133.6
130.4
1,405
134.9
130.5
1,412
135.4
134.3
1,383
132.5
134.6
1,361
130.5
135.7
1, 353
129.7
133.0
1,355
129.9
133.2
'1,375
' 131.9
' 134.0
p 1, 395
p 133. 9
P 134. 4
»40.1
*41 5
39.8
40.0
39.8
38.8
40.0
39.7
39.3
38.5
40.1
40.5
40.5
39.9
40.0
40.3
40.3
39.7
40.4
40.5
40.7
40.3
40.4
40.2
40.2
40.0
40.4
40.9
40.8
39.8
40.8
40.6
40.5
40.2
40.8
40.4
40.5
40.0
40.6
40.4
40.7
40.4
'40.5
'40.0
'40.7
40.4
40.4
'40.1
'40.5
40.4
36.0
39.8
40.9
41.2
42.2
36.6
39.5
40.4
41.6
38. 1
40.9
41.5
41.1
41.8
41.4
40.4
40.2
36.4
39.4
40.4
40.7
41.3
37.8
39.3
40.0
40.6
38.4
40.0
39.1
38.9
41.0
40 6
39.5
40.1
38.2
40.6
40.9
41.6
42.0
39.2
39.7
40.7
41.4
38.0
40.8
41.8
41.4
41.9
41.7
40.7
40.4
38.0
40.8
41.1
41.2
41.9
38.5
38.8
40.6
41.9
35.7
40.7
41.4
41.2
41.8
41.6
40.5
40.3
38.7
40.7
41.5
41.6
42.6
38.8
40.0
40.6
42.1
37.7
40.9
41.9
41.5
42.2
41.8
40.6
40.2
38.8
40.6
40.9
41.1
42.3
38.6
38.4
39.6
37.2
35.7
40.9
40.6
40.2
41.7
41.4
40.3
40.3
37.0
41.1
41.4
41.8
42.8
39.4
40.6
40.4
41.9
40.0
41.7
41.7
41.1
42.2
41.6
41.0
41.1
38.2
40.5
41.4
41.7
42.2
38.9
40.2
39.8
41.4
40.2
41.0
40.6
40.0
41.8
41.5
40.5
40.7
38.5
40.0
41.3
41.5
42.3
38.8
39.7
40.1
40.7
38.4
41.0
42.1
41.8
41.9
42.0
40.1
40.4
38.9
' 40. 5
41.5
41.6
42.3
39.7
'39.8
39.8
39.4
'39.9
40.9
'41.0
40.6
41.7
41.9
40.5
40.1
39.2
'40.0
41.5
41.6
42.0
38.5
'39.8
39.7
39.8
'39.9
'40.9
'41.4
'40.9
41.5
41.4
'40.5
39.6
39.2
39.8
41.3
41.6
42.1
38.2
40.2
39.5
39.6
40.3
41.6
41.9
41.5
41.5
41.2
40.3
39.7
40.0
39.5
40.8
39 6
39.4
40.7
40.1
39.8
41.3
40.0
39.8
40.4
40.2
39.9
41.6
40.2
40.3
41.1
40.9
40.9
41.8
40.5
40.6
41.1
40.4
40.5
41.6
40.0
40.1
41.5
39.1
39.3
40.2
38.9
38.8
41.0
41.1
37.1
38.1
36.1
39.3
39.0
42.3
43.9
40.0
39.3
40.0
43.1
43.7
40.5
37.9
41.6
40.5
40.8
40.5
36.0
86.2
35.4
38.2
37.8
43 8
44.8
43 2
43.0
39.1
42.8
43.8
40 2
37.9
41.5
40.7
41.5
40.9
37.0
37.5
36.4
37.8
36.9
43.7
45.0
42.3
43.4
38.6
43.4
44.4
40.8
38.7
41.8
40.8
41.1
41.1
36.9
37.7
35.8
38.2
37.9
43.0
44.5
43.5
35.9
39.5
43.0
43.8
41.0
39.4
42.0
40.9
41.1
40.9
36.8
37.7
35.5
37.5
36.9
42.4
43.6
41.7
37.5
403
43.4
44.5
41.0
39.3
41.7
41.3
41.4
40.1
36.6
37.8
34.9
37.1
36.3
42.9
44.0
37.3
44.9
39.7
43.3
44.4
41.0
39.3
41.9
41.3
41.1
41.3
37.0
38.1
35.3
39.1
38.8
44.4
45.3
38.8
46.4
40.2
43.7
44.6
41.5
39.3
42.7
41.6
41.2
41.3
36.9
37.8
35.7
39.3
39.1
43.6
43.9
37.6
47.5
39.2
43.2
44.2
41.0
36.7
37.8
36.2
39.5
39.2
42.7
43.2
37.0
42.7
37.8
43.2
44.3
40. 1
39.1
35.5
36. 6
34.4
'39.0
38. 3
'38.1
'37.8
42.3
42.1
43.0
42.5
37.7
37.8
'41.7
'41.9
37.5
36. 8
43.2
43.0
44.3
44.4
40.3
40.1
38.8
38.9
41.1 . 40.8
41.3
41.0
40.8
'40.9
39.2
35.8
37.2
34.7
38.2
37.7
43.0
43.1
38.2
43. 9
36. 3
43.1
44.7
40.0
38.9
P
1 850
2,119 ' 2,018
LABOR CONDITIONS
Average weekly hours per worker:
Natl. Indus. Conf. Bd. (25 mfg. industries)*., hours
U. S. Dept. of Labor, all manufacturing!
do. _
Durable goods industries* .
do
Iron and steel and their products*. _
do
Blast furnaces, steel works, and rolling
mills*
_ .. _
hours
Electrical machinery*
do
Machinerv, except electrical*
do
Machinery and machine-shop products* do
Machine tools*
do
Automobiles*
. _ do
Transportation equipment, except autos* ..do
Aircraft and parts (excluding engines)*, do
Aircraft engines*
do
Shipbuilding and boatbuilding*.
do
Nonferrous metals and products*.,. . . .
do
Lumber and timber basic products* .
do
Sawmills and logging camps*
do
Furniture and finished lumber products* . do
Furniture*.
do
Stone, clay, and glass products*.
do
Nondurable goods industries*.
do
Textile-mill products and other fiber manufactures*hours
Cotton manufactures, except small wares*_do
Silk and rayon goods*do
Woolen and worsted manufactures (except dyeing and finishing)*- _
hours
Apparel and other finished textile products* do
Men's clothing*.
do
Women's clothing*.. _
do
Leather and leather products*
.
do
Boots and shoes*...
._
do
Food and kindred products*.
do
Baking*
__
do
Canning and preserving*
do
Slaughtering and meat packing*,
do
Tobacco manufactures*.
do
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
P39.6
r
41.0
38.9
42.0
41.5
4L3
'38.6
40.8
41.4
41.0
40.1
36.7
37.6
36.1
•40. 6
41.1
40.9
SURVEY OF CURRENT BUSINESS
S-12
Unless otherwise s t a t e d , statistics t h r o u g h 1941
a n d 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
1947
June
August 1947
June
July
August
September
1947
October
Novem- December
ber
January
February
March
April
May
EMPLOYMENT CONDITIONS AND WAGES—Continued
LABOR CONDITIONS—Continued
Average weekly hours per worker—Continued
U.S. Dept. of Labor, all manufacturing—Continued
Nondurable goods industries—Continued
Products of petroleum and coal* _hours
Petroleum refining*
do
Rubber products*
do
Rubber tires B,nd inner tubes*do
Nonmanufacturing industries (U. S. Dept. of Labor):*
Building construction
_
. hours _
Mining:
Anthracite
Bituminous coal
Metalliferous
Quarrying and nonmetallic
Crude petroleum and natural gas
Public utilities:
Electric light and power
Street railways and busses
Telegraph
Telephone
Services:
Dveing and cleaning
Power laundries
39.6
39.5
39.3
37.4
40.0
39.7
39.2
38.0
40.3
40.0
39.4
37.4
40.4
40.2
40.6
39.6
40.4
40.2
39.4
38.2
40.3
40.0
40.0
39.0
38.2
38.2
38.2
38.7
38.8
do
do
do
_ do
do
38.2
43.4
40.8
45.7
39.5
31.7
36.0
39.6
45.4
40.4
37.9
42.8
40.9
46.5
40.9
37.7
41.8
40.6
46.1
39.9
39.2
42.9
41.0
46.1
41.2
do
do
do
do
40.9
49.3
44.5
39.3
41.5
48.4
45.2
39.7
41.6
48.6
45.4
39.3
41.0
47.5
44.8
38.5
do
43.8
43.3
43.2
43.4
42.6
43.0
40.9
41.4
41.3
41.4
388
181
do
Aircraft and parts (excluding engines) X
do
Aircraft enginest
do
Shipbuilding and boatbuildingX
do
Nonferrous metals and products
do
Lumber and timber basic products
do
Sawmills and logging campst
do
Furniture and finished lumber products
do
Furniture X
do
Stone clay and glass products
do
Nondurable goods industries
do
Textile-mill products and other fiber mfrs
do
Cotton manufactures, exc. small wares - do
Silk and rayon goods
do
Woolen and worsted manufactures (except dyeing
and
finishing)
_ _ 1939=100
Apparel and other finished textile products—do
Men's clothingt
do
Women's clothing^
do
Leather and leather products
do
Boots and shoest
- - do
Food and kindred products
Baking
Canning and preserving
Slaughtering and meat packing
40.2
39.9
40.6
39.5
40.1
39 8
40.6
39.3
40.2
39 8
39.8
r
38.2
37.2
38.4
37.6
36.9
38.0
37.1
35.7
41.7
39.9
45.4
40.4
40.9
46.7
42.2
45.8
39.5
39.1
46.7
41.2
43.1
41.3
35 1
43.6
42.0
42.8
40.3
39 8
43 7
41 6
43.5
39.6
32 3
'36.4
41.8
44.5
40. 8
37
44.
42.
45.
40.
41.9
47.7
44.4
39.1
41.6
47.3
43.5
39.3
41.4
47.9
43.2
38.0
41.9
47.7
43.8
38.4
41.0
48.0
44.0
38.0
41.0
47.8
43 7
37.9
'"42.2
47.8
47.3
28.1
41.
47.
46.
31.
42.9
42.9
42.2
43.0
41.9
42.6
42.8
43.5
42.3
43.3
41.1
42.5
42 0
42 4
41.9
42. 8
42.
42.
41.3
41.7
40.9,
41.8
40.1
41.9
39.7
41.6
40.2
42.3
39.9
41.5
40.1
40.8
40 0
40.8
39. 9
41.2
39.
41
563
228
560
227
499
356
516
307
344
435
168
76
* 290
» 100
*290
325
100
P600
p 4S
P2(
910
408
3, 970
965
425
3,900
853
499
4,880
848
467
6,220
677
707
4,980
402
500
3,130
» 460
» 150
» 1, 250
P460
P 3,750
758
455
4,580
v 6f.O
7, 750
P&
»5,7(
453
479
530
522
532
547
440
358
366
348
391
419
4^
^878
4, C06
761
5,395
r 682
5,504
541
4,604
580
3,895
681
4,141
620
3,492
909
4,119
1,011
4,982
731
4,488
725
4, 684
1,020
4, 833
1,1
r
4,8(
i 1,006
i 73,559
1,174
92,982
1,069
88, 408
980
78,047
839
63, 216
765
64,433
710
54, 098
748
59, 370
893
74,756
911
65,910
974
71, 545
929
71, 569
'&
72,2<
4P2
3, 021
722
58,509
602
6,982
1,744
150, 063
657
7,828
1,720
152, 648
602
7,147
1,650
148,036
449
6,128
1,304
124, 082
413
4,900
1,019
100, 380
405
3,743
877
74, 421
583
4,345
935
81, 964
638
5,242
1,168
106, 586
444
4. 504
1,149
88, 364
397
4, 423
1,002
89,052
373
3, 913
850
78, 806
3
3,1
16
63,7
6.7
5.7
.3
1.2
4.0
.2
7.4
5.8
.4
.6
4.6
.2
7.0
6.6
.4
.7
5.3
.2
7.1
6.9
.4
1.0
5.3
.2
6.8
6.3
.4
1.0
4.7
.2
5.7
4.9
.4
.7
3.7
.1
4.3
4.5
.4
1.0
3.0
.1
6.0
4.9
.4
.9
3.5
.1
5.0
4.5
.4
.8
3.2
.1
5.1
4.0
.4
.9
3.5
.1
ph. 1
262.8
289.1
240.3
267.1
296.3
247.5
284.4
316.1
265.9
290.3
323.3
273.6
292.8
328.1
273.7
298.2
331.1
280.8
306.2
337.3
276.2
307.3
340.0
287.9
310.6
344.6
,237.9
•• 314.1
' 349.9
294.2
r 310. 7
>• 349. 9
r 297. 5
312
353
306
182.0
347.9
342.0
296.4
270.4
259. 9
557.5
585.5
469.4
483.4
298.6
261.9
' 286. 3
233.3
229.9
241 4
237.0
217.2
248.2
166.8
191.8
351.0
346.2
299.4
262.3
292.8
558.7
605.6
468.9
468.8
303.9
252.1
' 276.1
231.9
228.0
242.2
238.5
213.3
246.1
166.3
204.0
378.9
362.2
314.2
281.4
319.0
558.1
640.8
498.3
421.5
324.2
285.6
-" 313.1
250.0
246.7
260.1
253. 4
229.4
275.5
181.4
206.3
397.2
376.2
322.3
285.5
330.3
524.1
663.9
507.8
352.5
331.8
285. 2
' 309.8
254. 4
249.9
267.0
258. 1
235.5
281.7
180.9
203. 2
408.1
388.0
333.5
291.9
324.3
542.3
681. 3
530. 2
353.7
338.8
292.0
' 315.0
264.2
200.1
271.3
258.3
241.1
285. 4
189.3
208.7
416.0
390.1
336.8
285.5
325.7
531.1
680.4
484.3
336. 8
345.3
284.7
' 305. 7
268.5
263. 7
274.8
266.0
246.0
293.5
191.4
193.9
430.2
399.9
346.7
290.7
328.9
571.2
683.3
533.7
399.1
356.3
290.6
' 306.9
279.1
273.4
281.6
275.8
253. 7
301.2
197.9
208.9
425. 6
406.6
350.3
2817
321.1
562.6
668.7
535.0
395.8
354.8
292.4
' 30P.2
283.1
278.8
280.0
275.3
254.3
304.4
201.3
209.3
422. 9
409.6
352. 0
278. 9
337.3
558. 2
667.8
506.8
377.9
360.0
310.7
'333.4
292.0
289.1
278. 4
277.4
262. 0
309.1
206. 9
212.9
r 429.6
416 6
354.9
275.6
347.7
556.9
662.2
479.9
' 386.0
359.0
' 310. 1
' 334. 5
292.0
288.8
285.7
«• 279. 2
265.0
322.0
208.8
219.8
r 306. 6
423.0
357.6
269. 7
343.4
565.3
660.2
487.6
r 399. 1
' 354.0
' 323. 4
' 350. 5
286.8
282.4
288.8
' 272. 3
255.4
314.8
200.9
236
407
429
362
263
327
558
642
431
397
350
351
384
285
279
287
271
248
303
200
238.5
258.6
230. 3
283.2
204.9
' 196. 2
208.2
168.8
181.9
167.4
228.6
240.3
215. 3
254.2
198.7
' 190. 4
235.1
178.5
325.8
179.9
234.1
272.5
236.4
306.3
199.6
' 188.1
254. 3
184.1
387.4
202.3
242.7
283.0
242.7
320.1
204.7
' 195. 2
246. 5
187.5
466.8
118.2
243.7
283.6
246.2
311.8
199.5
' 188. 2
232.2
190.8
324.7
110.5
242.7
283.2
271.9
284.9
201.6
' 190.8
252.0
199.0
212, 9
215.7
253.0
292.7
278.4
296.3
218.3
' 209.3
263.3
209.0
201.1
236.9
251.8
300. 6
277.2
340.0
220.8
r 197. 7
256.4
201.1
158.2
268.0
275.0
314.1
280.8
344.8
223. 0
r 198. 9
242.5
194. 5
137.2
237. 8
262.0
r 317. 5
281.3
340.0
' 222. 2
' 213.7
239.3
193.2
130.4
217.1
248.3
' 279. 8
267.1
277.7
' 214. 6
r 205. 3
243.1
195.4
140.2
211.4
240
272
270
260
207
197
252
199
143
231
do
Trade:
Retail
do
Wholesale
do
[ndustrial disputes (strikes and lockouts):*
Beginning in month:
Work <?t oppages
number
Workers involved
thousands
In effect during month:
Work stoppages
number
Workers involved
thousands._
Man-davs idle during month _
_do. _
U, S. Employment Service placement activities:
Nonagricultural placements!
thousands.
Unemployment compensation (Social Security Admin.):
Initial claims* .
_
thousands.Continued claims©
do
Benefit payments:
Beneficiaries, weekly average ® do
Amount of payments
_thous. of dol
Veterans' unemployment allowances:*
Initial claims
thousands
Continued claims
- _ __ _ do. .
Claims filed during last week of month §
do
Amount of payments
thous. of dol
Labor turn-over in manufacturing establishments:^
Acopwinn r^tp
monthlv rate tier 100 emolovees
Separat ion rate, total
do
Discharges
__do __
Lav-offs
do
Quits
do
Military and miscellaneous
do
PAY ROLLS
Production-workers pav rolls, unadjusted index, all
manufacturing (U. S. Dept. of Labor) f_ .1939= 100. _
Durable goods industries
do
Iron and steel and their products
do
Blast furnaces, steel works, and rolling
mills
. 1939=100
Electrical machinery
do
Machinery except electrical
do
Machinery and machine-shop products
do
Machine tools t
do
Automobiles
- do
Transportation equipment, except autos
40.0
40.4
41.1
39.8
do
do
do
do
P475
P625
1
v 145
p 1, 225
P
r
40.6
40 3
39 5
38.2
500
»850
40.
39
39
37.
P6<
P
P4
p 5.2
p. 4
v5
p 1.0
P 1
v3
P3.7
p.l
p
V
r Revised. » Preliminary. JSee note marked " § " on p . S-10. G Small revisions in the data for January 1940 to May 1944 are available on request, i Partly estimated.
§ Week ended the last Saturday of the month.
® Before July 1946 computed from weeks compensated in calendar month; thereafter, from weeks compensated in the weeks ended during the month.
• The series for "in effect during the month" continue data published in the Survey through the July 1944 issue. They include data for stoppages beginning in the month and
those continuing from previous months; data for 1944-45 are shown on p. 23 of December 1946 Survey.
d* Rates refer to all employes rather than to wage earners and are therefore not strictly comparable with data prior to 1943 published in the Survey.
•New series. Data on average hours for the telephone industry for 1937-43 are on p. 20 of the May 1945 Survey (see note for hours and earnings in the telephone Industry at the
bottom of p. S-13 of April 1946 Survey regardin g a change in this series in April 1945) and data for the telegraph industry beginning June 1943 (the earliest available) are given in note on
p S-ll of the January 1945 issue; data beginning March 1942 for all other series on average hours are available in the May 1943 Survey and data back to 1939 will be published later.
The new series on veterans' unemployment allowances relate to readjustment allowances payable under the Servicemen's Readjustment Act of 1944; data beginning September 1944
for these series and beginning 1939 for initial unemployment compensation claims will be shown later (see note in April 1946 Survey for definition of initial claims).
fRevised series. Data beginning June 1942 for nonagricultural placements are available in the August 1943 Survey; earlier data will be published later. For information regarding
the revised indexes of production-worker pay rolls in manufacturing industries, see note marked " t " on p. S-10.
SURVEY OF CURRENT BUSINESS
August 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in tlie
1942 Supplement to the Survey
1947
June
S-13
1946
June
July
August
September
1947
October
Novem- December
ber
January
February
March
April
May
EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS—Continued
Production-worker pay rolls, mfg. unadj.!—Con.
Nondurable goods industries—Continued
Tobacco manufactures
1939=100.
Paper and allied products
_-do..Paper and pulp
do...
Printing, publishing, and allied industries d o . . .
Newspapers and periodicals*
do
Printing, book and job*
dO-_.
Chemicals and allied products
do
Chemicals
do
Products of petroleum and coal
do
Petroleum refining
.._
__do
Rubber products
do
Rubber tires and inner tubes
do
Nonmanufacturing, unadjusted (U. S. Dept. of Labor):
Mining:f
Anthracite
1939—100-.
Bituminous coal
do.-..
Metalliferous
_
.do
Quarrying and nonmetallie
do
Crude petroleum and natural gasf
-do .
Public utilities:f
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
184.1
247.0
216.7
191.3
162.0
204.6
313.0
283. 0
242.fi
223.3
331.4
318.3
178.3
246.4
218.4
193.3
163.7
209.1
315. 5
289.2
251.0
228.0
321.4
304.3
186.2
256.5
227.8
198.1
168.8
210.4
320.0
288.0
253.1
228.7
336.9
311.2
196.0
259.8
228.0
203.1
175.6
215. 8
329.1
289.6
257.4
232.7
363.9
348.9
207.4
268.5
234. 9
208.4
178.9
220.8
335.3
294.0
252.7
228.2
361.3
346.1
212.7
276.6
240.3
214.0
182.0
227.9
345.0
301.3
252.6
226.9
377.4
360.3
222.0
284.5
244.9
223.9
189.7
239.4
357.0
313. 4
250.9
230.2
392.2
368. 9
209.4
285.1
246.9
219.6
185.2
235. 2
362.9
321.0
253.9
227. 5
386.3
361.2
201.0
288.1
251. 4
221.8
191.0
234.2
372.6
323.5
256.8
228.8
385. 0
357.7
193.1
290.9
252.5
227.7
196.9
238 9
377^5
326.8
262.1
234.9
374.3
' 343.2
'181.6
290.9
254. 8
230.9
201.7
240.3
378.3
329.5
264.2
235. 6
383. 9
' 357. 2
182.8
292. 6
259. 0
234. 5
208. 8
240.4
381. 5
334.9
274.7
242.7
371.2
349.0
182.7
243.8
126.9
207.7
147.1
156.5
198.4
132.4
213.6
151.3
193.3
241.0
145.2
225.1
152.6
194.0
234.9
147.0
227.9
149.5
199.9
237.1
148.0
227.6
150.1
182.3
233.1
146.9
222.4
151.0
212.3
258.3
159.3
221.9
147.1
202.0
265.4
156. 8
204.8
153.8
184.7
248.7
162.0
205.6
152.9
206.2
245.6
162.6
213.7
154.5
155.3
192.4
164.7
233.2
162.3
186.3
248. 0
172.1
241. 7
163. 4
148.4
199.5
174.9
259.9
150.2
206.7
178.6
268.8
152.4
211.2
178.5
267.6
153.3
207.9
177.3
265.0
155.3
212.6
201.7
269.2
157.6
210.9
194.2
273.0
161.6
213.6
190.5
264.5
159.5
216.1
189.1
267.5
163.7
219.5
185.4
269.4
160.8
218.6
r 198.0
267.2
r 166. 5
218.8
239.3
136.1
168.2
220.0
226.9
196.9
236.6
190.9
205.0
231.3
193.3
204.9
216.9
188.4
208.9
225.6
188.7
209.5
225.7
189.8
214.5
217.0
191.5
218.5
219.5
201.0
218.8
213.8
201.8
215.1
204.7
196.1
216.6
214.7
196.9
216.8
221.7
' 200. 5
219.4
231. 5
203.8
221.1
171.3
170.0
188.8
172.6
467.4
172.6
in. 5
187.1
174.5
490.1
174.6
177.2
188.1
177.3
478.8
180.8
173.6
199.0
182.8
182.5
174.6
204.8
184.5
1
422. 6
191.7
185.7
225.0
189.7
212.2
194.6
277.2
197.2
187.2
189.4
208.4
189.7
187.5
197.1
201.4
190.4
190.1
199.9
205.6
191.6
192.6
202.8
210.4
190.8
195.1
208.0
212.8
191.4
0)
WAGES
Average weekly earnings, manufacturing industries:
Natl. Ind. Con. Bd. (25 industries)
..dollars..
47.64
48.74
49.79
49.14
47.20
51.62
50.14
50.30
52.10
52.10 ' 52. 79
53.59
U. S. Dept. of Labor, all manufacturing!
do
*>48.91
44.99
45.39
43.38
43.31
45.73
47.10
45.79
46.96
47.29 ' 47. 69 ' 47. 48 ' 48.46
Durable goods industries
do
48.02
48.36
P52. 39
46.32
46.24
49.60
48.90
48.62
49. 57
49.74 r 50. 30 ' 50.30 ' 51. 71
Iron and steel and their products!
do
48.78
49.29
46.74
50.64
49.91
46.80
49.86
49. 67
50.33 '51.31 ' 51. 79
53.73
Blast furnaces, steel works, and rolling
mills!
._
dollars50.89
46.98
49.84
47.85
50.39
50.28
48. 59
50.82
50.67
51.77
52.83
56.26
Electrical machinery!
do
48.63
45.72
47.49
45.59
48.28
48.31
49.13
48.33
48.13 ' 49.07 ' 48. 40
50.24
Machinery, except electrical!,—
do
53.12
50.04
50.99
49.76
52.57
51.74
52.87
52.06
53.22 r 53.82 ' 54. 25
55.21
Machinery and machine-shop products!-do
52. 78
49.70
51.15
49.49
51.91
51.05
52.62
51.38
52.61
54.44
53.31
53.10
Machine tools
. .do
56.17
53.86
54.07
62.44
55.61
54.45
56.66
55.90
56.09
57.13
56.46
56.06
Automobiles!
.__do.-_54.13
49.32
53.80
51.15
53.41
53.37
54.98
53.83
54. 29 r 55.45 ' 54.14
55. 87
54.48
Transportation equipment, except autos-__do
53.32
53.91
53.70
54.32
52.65
55. 35
52.37
54.34 * 54. 25 ' 54. 23
55. 23
52.59
Aircraft and parts (excluding engines)
do
53.85
53.01
53.81
53.73
52. 55
63.46
52.53
53.41
52.63
53.22
52.72
56.15
Aircraft engines*
._
__do
56.08
54.72
57.31
56.93
55.91
56.89
51.06
54.77
54.76
53.02
53.69
57.05
Shipbuilding and boatbuilding
do
54.41
55.20
53.96
50.91
53.99
57.21
51.47
55.37 r 56. 59 ' 56. 97
58. 21
49.91
48.00
46.68
Nonferrous metals and products!....
do
48.92
48.55
47.61
50.40
49.24
50.12 ' 50.26 ' 50. 33 51. 22
39.11
38.78
35.60
Lumber and timber basic products!
do
39.21
38.73
37.62
38.79
37.74
41.18
42.93
' 40. 31 ' 40. 99
37.41
37.75
34.66
Sawmills and logging camps
do
37.84
37.69
36.56
37.05
36.37
39.89
39.12 >• 39. 81 41. 80
42.41
40.09
38. 37
41.73
40.86
38.73
42.49
Furniture and finished lumber produets!_._do
41.62
42.80 * 43. 00 ' 42. 84 43.39
43.35
40.85
38.80
42.42
41.62
39.31
43.04
42.41
44.20
Furniture t
do
44.34
44.33
44.07
45.58
43.23
41.80
44. 03
44.46
42.01
45.89
44.91
45.49 r 46. 38 ' 46. 55 47.34
Stone, clay, and glass products!
do
44.47
41.89
40.46
42.34
42.45
40.28
44.24
42.87
44.67 ' 44.89 ' 44. 40 ' 44. 93
Nondurable goods industries
do
45. 08
Textile-mill products and other fiber
manufactures !
.
dollars
35.02
37.54
39.29
38.09
39.26
34.76
37.00
38.38
40.32
40.12
41.01
39. 89
Cotton manufacturers, except small wares!
dollars..
31.75
31.64
34.81
35.35
35.57
36. 85
37.06
36.14
37.56
39.22
38.53
37.73
Silk and rayon goods!
do
34.64
37.20
37.42
34.94
39.57
38.67
38.69
40.21
41.45
41.94
40.89
41.80
Woolen and worsted manufactures
(except dyeing and
finishing)!
dollars..
41.63
41.88
42.44
41.18
43.10
42.40
42.96
41.67
47.44
46.28
45.26
45.28
Apparel and other finished textile products!
35.23
dollars..
36.48
37.25
33.83
36.68
37.23
38.22
36.54
38.74
38.41
35.44
35.36
38.18
38.11
39.14
Men's clothing!.
do
35.84
38.89
41. 78
41.70
41.39
41.86
Ml. 99
40.16
41.18
44.02
47.45
47.82
42.67
Women's clothing§
do
46.25
44.14
47.30
43.28
48.77
47.75
42. 32
41.33
37.34
36.74
37.49
36.46
37.07
39.83
40.18
Leather and leather products!
do
37.24
40.29 r 40.11 ' 39. 44 39.50
36.14
35.17
36.18
35.38
35.65
38. 65
39.05
35.76
38.96 * 38. 91 ' 37. 96 37.86
Boots and shoes
do
41.09
44.34
43.59
43.22
43.85
46.93
47.31
44.84
46.40
Food and kindred products!
do
47.71
46.05
46.17
41.42
44.63
44.60
43.81
45. 45
47. 55
46.32
46.01
45.80
Baking
do
46.55
45.17
45. 26
35.78
41.12
41.50
38.89
40.82
36.55
35.28
36.82
37. 93
Canning and preserving!
do
39.52
37.40
38.49
43.05
48.37
41.11
48.05
43.06
57.20
51.15
52.82
51.73
53.31
Slaughtering and meat packing
do
49.87
50.13
r
33.83
34.16
35.25
33.24
36.47
36.74
36.66
35.44
38.12
Tobacco manufactures!
.do
35.21 ' 34. 86 34.47
42.74
44.26
44.57
43.12
45.61
47.05
46.08
47.42
46.87
48.97
Paper and allied products!
do
47.92
48.20
45.34
47.56
47.55
46.06
49.05
50.18
49.37
50. 98
49.92
52.82
Paper and pulp
do
51.27
52.07
Printing, publishing, and allied industries!
51.73
53. 01
51.79
54. 28
53.96
55.11
57.03
56.60
56.74
58.19
58.81
dollars. .
59.68
56.08
58.09
66.62
60.28
60.04
61.11
62.95
62.08
63.00
64.25
65. 29
Newspapers and periodicals*
_
do
67.10
49.82
50.83
50.03
51.50
51.50
52.60
54.98
54.19
54.07
56. 05
Printing, book and job*
do..—
r1 55. 67
56.32
43.95
44.91
44.67
45.50
45.41
47.14
47.39
45.88
Chemicals and allied products!
_.do
48.17
48. 60 ' 48. 93 49.77
r
50. 69
51.81
52.09
52.87
52.61
54.15
54.77
52.96
Chemicals
do
56.38
55.10
55.45
55. 33
54.36
54.19
54.38
53. 34
55.25
54.55
55.24
54.50
Products of petroleum and coal!
do
57.97
55.39
56.53 r 57. 29
57.10
57.02
57.32
56.46
58.35
57.80
57.74
57.11
Petroleum refining
__
_
do
60. 01
57.75
59.15 r 60.22
51.03
50.60
51.74
50. 45
53. 69
54.63
54.03
52 Q3
Rubber products!
do
55.98
54.06
' 52. 97
55. 23
55.42
56.11
57.38
54.82
59.89
60.46
59.78
58." 87
Rubber tires and inner tubes
do
61.96
61.64
59.90
' 58.05
r
Revised.
v Preliminary.
i Data for October 1946 relate to the end of the preceding month. Data for the week ending September 15th are not available. The index has been temporarily discontinued.
tfeample was changed ra November 1942; data are not strictly comparable with figures prior to that month.
§Sample was changed in July 1942; data are not strictly comparable with figures prior to that month.
*New series. Indexes of pay rolls beginning 1939 for retail food establishments and 1940 for water transportation are shown on p. 31 of the June 1943 Survey. Data beginning
1932 for the newspapers and printing, book and job, industries will be published later; see November 1943 Survey for data beginning August 1942. Data for the aircraft engine industry
beginning 1939 will also be published later.
&
& &
y
! Re vised series. See note marked " ! " on p. S-10 regarding revisions in the indexes of pay rolls in manufacturing industries and reference to revised data and note marked " ! " on
P- k-11 for reference to revised data for pay rolls in nonmanufacturing industries. The indicated series on average weekly earnings and average hourly earnings (p. S-14) have been
shown on a revised basis beginning in the March 1943 Survey (see note in that issue for an explanation of the revision); data prior to 1942 have not been published in the Survey
and will be shown in a later issue; there were no revisions in the data for industries that do not carry a reference to this note.
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
June
August 1947
1946
August
July
June
September
1947
October
Novem- December
ber
January
February
March
April
May
EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES—Continued
Average hourly earnings:
.
Natl Ind Con Bd (25 mfg industries)
U S Dept of Labor all manufacturing!
Durable goods industries!
Iron and steel and their products!
Blast furnaces, steel works, and rolling
dollars
.do .
..do . .
v 1.220
v 1.294
do
mills!
do
do
Electrical machinery!
do
Machinery except electrical!
Machinery and machine-shop products!_.do
M^aohine tools
do
do
Automobiles!
Transportation equipment, except autosf-.do
Aircraft and parts (excluding engines)
do
Aircraft engines*
do
do
Shipbuilding and boatbuilding
do
Nonferrous metals and products!
Lumber and timber basic products!
do
Sawmills and logging camps
do
Furniture and finished lumber products!___do
Furniture
do
Stone, clay, and glass products!
"""""do""""
Nondurable goods industries!
Textile-mill products and other fiber manufactures!
dollars..
Cotton manufactures, except small wares!
dnllflrs
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
do
Leather and leather
products!
do
Boots nnd shoe1'
do
Food and kindred products!
Baking
. . . do .
Canning and preserving!
do
Slaughtering and meat packing
do
Tobacco manufactures!
do
do
Paper and allied products!
do
Paper and pulp
Printing publishing and allied industrfpst do
do
Newspapers and periodicals*
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
Nonmanufaeturing industries (U.S.Dep' .of Labor)*:
Building construction
dollars
Mining:
Anthracite
do
Bituminous coal
do
Metalliferous
do
Quarrving and nonmetallic
do .
Crude petroleum and natural gas
do
Public utilities:
Electric light and power
do
Strpct railways and busses
do
Telegraphy
do
do Telephonet
Services:
do....
Dyeing and cleaning*
Power laundries®
do
Trade:
Retail
do
do _
Wholesale
Miscellaneous wage data:
Construction wage rates (E. N . R.):^
1.189
Common labor
dol. per hr__
2.01
Skilled labor
do...
Farm wages without board (quarterly)
dol. per month., l H 4 QO
Railway wages (average, class I)
-dol. per bx..
Road-building wages, common labor:
.89
United States average
do
1.189
1.084
1.165
1.206
1.194
1.093
1.177
1.216
1.217
1.112
1.186
1.222
1.229
1.126
1.201
1.241
1.231
1.130
1.202
1.239
1.243
1.139
1.210
1.247
1.247
1.148
1.216
1.248
1.268
1.161
1.224
1.261
1.279
1.170
1.229
1.258
1.285
1.180
' 1. 236
1.269
' 1 304
1 186
' 1. 243
1.281
1 32S
' 1 208
' 1.277
1.331
1.303
1.148
1.223
1.202
1.277
1.347
1.350
1.302
1.343
1.416
1.163
.908
.888
.927
.950
1.041
1.003
1.314
1.158
1.232
1.212
1.269
1.354
1.366
1.325
1.348
1.436
1.166
.910
.892
.937
.957
1.057
1.009
1.305
1.169
1.246
1.228
1.291
1.373
1.359
1.323
1.354
1.431
1.177
.928
.911
.957
.982
1.063
1.036
1.325
1.185
1.260
1.238
1.300
1.385
1.356
1.323
1.357
1.426
1.192
.935
.915
.977
1.002
1.087
1.050
1.303
1.186
1.266
1.245
1.306
1.376
1. 359
1.326
1.363
1.432
1.195
.936
.913
.990
1.014
1.096
1.056
1.310
1.191
1.273
1.249
1.322
1.394
1.364
1.326
1.373
1.441
1.204
.931
.906
.999
1.024
1.114
1.065
1.314
1.195
1.277
1. 257
1.322
1.395
1.362
1.325
1.357
1.430
1.210
.931
.901
1.007
1.034
1.119
1.077
1.332
1.199
1.283
1.264
1.326
1.390
1.356
1.321
1.357
1.420
1.217
.962
.935
1.015
1.046
1.125
1.094
1.317
1.203
1.290
1.267
1.325
1.399
1.367
1.332
1.344
1.442
1.222
'.979
'.954
1.022
1.049
1.133
1.107
1.333
' 1.212
1.298
1. 275
1. 334
' 1. 396
r 1.362
1.338
1.344
' 1.418
1.226
'.983
.965
' 1. 031
1.059
1.144
1.119
1 347
' 1 210
'1.308
1.279
1 334
' 1.406
'1.362
1.326
' 1.351
'1.426
'1.234
'.990
.972
'1.031
1.063
1.149
1.122
1 436
1 264
1.336
1.307
1 357
1.461
1.375
1.327
1,383
1.437
1.261
1.024
1.006
1.04£
1.073
1.174
'1.131
.875
.877
.924
.940
.948
.955
.959
.970
.997
1.024
1.027
1.02E
.803
.850
.803
.858
.875
.906
.888
.922
.892
.931
.898
.941
.900
.944
.914
.975
.927
.996
.979
1.012
.981
1.016
.974
1.02C
1.014
1.017
1.024
1.034
1.037
1.038
1.039
1.045
1.156
1.155
1.159
1.15S
.951
.999
1.191
.950
.923
.972
.945
.898
1.095
.846
.993
1.038
1.278
1.449
1.203
1.084
1.243
1.347
1.431
1.283
1.461
.941
,985
1.180
. 954
.927
.986
.980
.904
1.115
.851
1.007
1. 053
1.287
1. 459
1.212
1.098
1. 256
1. 355
1.437
1.292
1.472
.986
1.009
1.263
.972
.945
1.015
.964
.976
1.116
.885
1.020
1.070
1.299
1.475
1.220
1.102
1.260
1.347
1.427
1.295
1.474
1.010
1.027
1.300
.982
.955
1.013
1.003
.960
1.144
.893
1.037
1.085
1.315
1.495
1.232
1.110
1.281
1.368
1. 453
1.323
1.507
.997
1.024
1.266
.987
.960
1.035
1.042
.983
1.147
.905
1.050
1.102
1. 325
1.511
1.238
1.102
1.278
1.347
1.428
1.313
1.492
.998
1.086
1.211
1.004
.978
1.046
1.045
.950
1.137
.924
1.064
1.111
1.343
1.528
1.259
1.112
1. 288
1. 351
1.429
1. 322
1.503
1.006
1.089
1.223
1.018
.995
1.058
1.051
.982
1.119
.947
1.071
1.119
1.374
1.569
1.295
1.133
1.316
1.362
1.434
1.331
1.513
1.037
1.095
1.297
1.023
.995
1.084
1.056
.975
1.206
.938
1.088
1.134
1.381
1.575
1.297
1.143
1.327
1.372
1.447
1.330
1.511
1.049
1.097
1.314
1.021
.989
1.088
1.060
.997
1.193
.937
1.098
1.149
1.415
1.607
1.336
1.165
1.342
1.382
1.451
1.331
1.517
1.045
' 1.106
1. 293
' 1. 028
'.999
1.088
1. 057
.995
r
1.188
.939
1.109
1.157
r 1. 443
1.626
' 1.364
1.177
' 1. 351
1.408
1.488
' 1. 330
' 1. 512
.999
'1.095
1.200
'1.029
.998
1.097
1.065
1.019
'1.097
' .949
1.121
1.173
1.465
1. 651
1.382
1.193
'1.359
1.410
1.490
1.397
'1.608
.98?
l.ioe
1.444
1.473
1.482
1.510
1.526
1.549
1.569
1.594
1.598
1.610
1.634
v 1. 65(
1. 559
1.474
1.180
.994
1.322
1. 562
1.457
1. 205
1.004
1.311
1.598
1.466
1.212
1.016
1.307
1.611
1.480
1.221
1.042
1.334
1.593
1.400
1.210
1.047
1.308
1. 582
1.477
1.219
1.045
1.334
1.615
1.491
1. 232
1.052
1.346
1.594
1.490
1.229
1.058
1.355
1. 637
1.491
1. 238
1.062
1.390
1.632
1.484
1.241
1.069
1.421
1.545
'1.483
1.237
1.080
1.444
1.59:
1.47(
1.27!
1.08
1.44}
1.275
1. 053
.908
1.147
1. 258
1.097
.910
1.135
1.260
1.099
.910
1.129
1.291
1.110
.914
1.148
1.284
1.130
1. 067
1.137
1.302
1.125
1.063
1.131
1.337
1.142
1.062
1.132
1.313
1.165
1.069
1.132
1.352
1.174
1.164
1.141
1.341
1.184
1.164
1.124
'1.343
1.190
1.252
1.147
1.35*
1.19
1. 24
1.18
.834
.703
.826
.698
.832
.693
.839
.708
.854
,708
.854
.729
.867
.739
.874
.745
.861
.748
.876
.759
.888
'.757
.89
.75
.876
1.146
.888
1.155
.893
1.148
.908
1.179
.907
1.172
.917
1.186
.919
1.202
.953
1.197
.957
1.230
'. 960
1.231
.973
1.229
.98
1.24
1.034
1.80
1.058
1.81
1.071
1.82
1.072
1.85
1.073
1.85
1.078
1.86
1.085
1.86
1.109
1.89
1.123
1.92
1.123
1.92
1.138
1.94
1.14
1.94
1.139
106 00
1.136
1.130
1.155
104 00
1.132
1.146
1.150
106 00
1.146
1.173
1.146
107 00
1.136
1.13
.86
.84
.83
.84
.81
.84
.81
.80
.87
.86
.86
1.165
1.03C
.995
1.1K
l.os:
1.03(
1.1K
.945
1.13,
1.18<
1.491
1.69J
1.39v
1.21C
1.37,
1.441
1.50t
1.43C
1.645
.88
PUBLIC ASSISTANCE
mil. of dol
Total public assistance
Old-age assistance, and aid to dependent children and
the blind, total
rail,
of dol
do—
Old-age assistance..
General relief
do
v 122
95
96
97
99
107
110
114
116
118
121
122
12
p 109
v 82
v 13
85
66
9
86
67
9
87
68
10
89
69
10
96
74
11
99
76
11
102
77
12
103
78
13
104
79
14
107
81
14
108
81
14
'10
8
'1
r
Revised. » Preliminary, i Rate as of July 1. § Sample was changed in November 1942; data are not strictly comparable with figures prior to that month.
• The comparability of the series was affected by a change in the data in July 1945; see January 1946 Survey for June 1945 figures on both the old and the new basis.
% Data beginning A*pnl 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.
5 Rates as of July 1. 1947: Construction—common labor, $1,217; skilled labor, $2.07.
c?Data beginning February 1947 include increases amounting to approximately ten cents per hour set aside by the Western Union Telegraph Company as a result of awards or
recommendations of Governmental boards but not yet distributed pending completion of job classification structure; approximately 6 cents of this increase has been accruing since
December 1945 and the remainder since June 1946.
*New series. Data on hourly earnings for 1937-43 for the telephone industry are shown on p. 20 of the May 1945 Survey (see also note marked " $ " above regarding a change m the
data in April 1945) and data for the telegraph industry beginning June 1943 are on p. S-14 of the January 1945 issue. Data on hourly earnings beginning March 1942 for the other
nonmanufacturing industries and beginning August 1942 for the printing and publishing subgroups are available, respectively, in the May 1943 and November 1943 issues, and data
back to 1939 will be published later.
t Revised series. See note marked "f' on p. S-13.
SURVEY OF CURRENT BUSINESS
August 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
1946
1947
June
S-15
June
July
August
September
October
Novem- December
ber
FINANCE
BANKING
Agricultural loans outstanding of agencies supervised
by the Farm Credit Administration:©
Total
mil. of dol
Farm mortgage loans, total
do
Federal land banks
__ __ _ do
Land Bank Commissioner
do
Loans to cooperatives, total
_ do
Banks for cooperatives, incl. central bank..do
Agr. Marketing Act revolving fund
do
Short term credit, total
_ do . .
Federal intermediate credit banks %
do
Production credit associations
do
Regional agricultural credit corporations...do
Emergencv 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
Deoosits, 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:f
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! ..
. _ __ __ _._
___do _
Investments, total
do
U. S. Government obligations, direct and guaranteed, total
__
_. __ __ mil. of dol
Bills
do
Certificates
_.
._
___
do
Bonds (incl. guaranteed obligations)
do
Notes
do
Other securities _ .
_
__ _
do
Loans, total
do
Commercial, industrial, and agricultural
do
To brokers and dealers in securities .do
Other loans for purchasing or carrying securities
mil. of dol__
Real estate loans
...
do
Loans to banks
do
Other loans.
do
Money and interest rates: ^
Bank rates to customers:
New York City
...percent..
7 other northern and eastern cities
do
11 southern and western cities
do
Discount rate (N. Y. F. R. Bank)
,___do
Federal land bank loansd" .do
Federal intermediate credit bank loans
_ do
Open market rates, New York City:
Prevailing rate:
Acceptances, prime, bankers', 90 days
do
Commercial paper, prime, 4-6 months
do
Time loans, 90 days (N. Y. S. E.)
do
Average rate:
Call loans, renewal (N. Y. S. E.)do
U. S. Treasury bills, 3-mo
do
Average yield, U. S. Treasury notes, 3-5 yrs.:
Taxable*
do
Savings deposits, New York State savings banks:
Amount due depositors,..
mil. of dol__
U. S. Postal Savings:
Balance to credit of depositors... ,
do
1,706
1,033
910
123
159
155
1
514
39
362
2
83
28
84, 925
35, 632
49, 293
1,779
1,182
1,008
174
118
115
3
479
34
304
4
105
32
78,191
34,972
43,219
1,770
1,169
1,001
168
124
118
3
477
33
305
4
104
32
82, 374
37,357
45,017
1,751
1,151
989
162
130
125
2
470
32
302
3
102
31
73,900
30, 216
43,684
1,741
1,136
979
157
151
146
2
454
30
291
3
98
31
74, 552
31, 397
43,155
1,717
1,117
966
151
180
175
2
421
30
264
3
93
31
81,583
33,913
47, 671
1,690
1,099
954
145
189
183
2
401
33
245
3
91
30
77,193
31, 088
46,105
1,661
1,085
944
140
188
182
2
389
34
234
3
88
30
93, 547
41.252
52,295
1,662
1,068
932
135
195
187
2
399
35
245
2
87
29
83, 452
34, 305
49,147
1,670
1,060
928
133
194
187
2
416
32
266
2
86
29
72, 943
29, 745
43,198
1,654
1,048
919
129
182
175
2
444
31
296
2
86
29
83, 505
33, 547
49,958
1,671
1,040
913
126
158
153
2
473
33
323
2
85
29
78, 301
31, 391
46, 910
1,683
1,034
910
124
152
148
2
497
35
346
2
85
29
78, 354
30,895
47,459
44, 425
22,170
70
21,872
20, 039
44, 425
17, 748
16,112
*784
24,154
47.8
44,828
24, 456
157
23, 783
18,103
44,828
18,206
16,123
1,112
24,191
42.7
44,625
24,164
245
23, 633
18,105
44, 625
17,906
15,991
856
24, 244
43.0
45,045
24,748
331
23,946
18,098
45,045
18, 294
16, 245
1,085
24, 412
42.4
44,813
24, 594
213
24, 049
18,095
44,813
18, 060
15,910
725
24, 448
42.6
44, 889
24,109
253
23, 518
18, 229
44,889
17, 579
15,931
567
24, 583
43.2
45, 647
24, 791
316
23,944
18,310
45,647
18,083
16,513
1,063
24, 799
42.7
45,006
24,093
163
23, 350
18, 381
45, 006
17, 353
16,139
562
24, 945
43.5
45, 957
24, 754
308
23, 941
18, 627
45, 957
18, 928
16,063
663
24,387
43.0
46, 547
24, 846
356
24,117
19,113
46, 547
19, 489
15, 895
847
24, 320
43.6
44, 931
23, 431
538
22, 593
19, 222
44, 931
18, 249
15, 264
344
24,162
45.3
44, 236
22, 205
125
21,857
19,537
44, 236
17,470
15, 826
654
24, 022
47.1
44,882
22, 738
179
22,08S
19,689
44, 882
18,009
16, 238
'991
24,120
46.7
46, 602
45, 417
45,650
45, 625
45, 621
46,187
46, 751
46, 582
46, 552
45,124
44,482
46,150
46, 314
46, 443
3,191
596
14, 460
14, 055
328
10, 532
43, 094
45, 307
2.837
8,188
13, 512
13, 249
191
11,246
52, 247
45, 546
2,791
7,781
13. 634
13, 346
214
11,166
51, 827
45, 301
2,773
6,993
13, 725
13, 424
222
11, 079
50,868
45, 584
2,872
5,003
13, 806
13, 504
226
11, 146
48, 449
46,186
2,757
4,956
13, 871
13, 573
222
11, 094
48, 336
46, 975
2,796
3.762
13. 902
13, 585
240
10, 970
46, 996
47, 252
2,907
1,917
14,063
13, 719
259
11, 269
45, 037
46, 106
2, 948
1,819
14, 096
13, 775
237
10, 705
44, 601
45,199
2,937
2,135
14, 226
13, 887
254
10, 546
43, 550
44, 210
3,075
1,817
14. 303
13, 936
285
10. 636
42, 959
45. 798
3,350
1,476
14, 349
13, 955
312
10, 351
43, 574
45,807
3,268
1,119
14, 411
14, 005
324
10, 126
43, 224
38, 990
989
4,648
30, 701
2, 652
4,104
20, 277
11,809
1,266
48, 303
1,131
11,425
30, 083
5,664
3,944
17,182
8,475
2,110
47, 808
875
11,111
30. 290
5, 532
4,019
17, 250
8,916
1,749
46, 884
824
10, 208
30, 436
5, 416
3,984
17, 507
9,444
1,503
44, 281
746
7,792
30, 566
5, 177
4,168
18, 001
10, 180
1,367
44, 375
741
7,994
30, 636
5. 004
3, 961
18, 704
10, 825
1,299
43,069
795
6,742
30, 574
4, 958
3,927
19,246
11,234
1,442
41, 053
962
6,299
30, 374
3,418
3,984
19, 417
11,346
1,471
40, 642
438
6,345
30, 398
3,461
3, 959
19, 566
11, 599
1,235
39, 619
424
5,382
30, 354
3, 459
3,931
19, 759
11,820
1,191
38, 850
692
5,036
30, 307
2,815
4,109
20, 020
12, 271
874
39, 465
753
5,402
30, 472
2, 838
4,109
19, 864
12, 043
833
39, 220
827
5.135
30, 556
2,702
4,004
20, 015
11,792
1,169
986
2, 981
158
3,077
2,154
1, 989
183
2,271
2,015
2,071
195
2,304
1,867
2,140
188
2,365
1, 616
2,241
134
2, 463
1,506
2,324
199
2,551
1,389
2,400
152
2,629
1, 256
2,490
72
2,782
1,139
2,563
215
2,815
1,112
2, 631
170
2,835
1,063
2,739
179
2,894
1, 051
2,831
184
2,922
1,009
2,897
191
2,957
1.83
2.44
2.95
1. 00
4.00
1.63
1.84
2.51
2 97
1.00
4.00
1.50
1.00
4.00
1.50
1.00
4.00
1.50
1.83
2.43
2 75
1.00
4.00
1.50
1.00
4.00
1.50
1.00
4.00
1.50
1.85
2.43
2.76
1.00
4.00
1.50
1.00
4.00
1.50
1.00
4.00
1.50
1.82
2.37
2.80
1.00
4.00
1.63
1.00
4.00
1.63
1.00
4.00
1.63
.81
1.00
1.50
.50
.75
1.25
.59
.77
1.25
.71
.81
1.50
.81
.81
1.50
.81
.88
1.50
.81
.94
1.50
.81
1.00
1.50
.81
1.00
1.50
.81
1.00
1.50
.81
1.00
1.50
.81
1.00
1.50
.81
1.00
1.50
1.38
.376
1.00
.375
1.00
.375
1.38
.375
1.38
.375
1.38
.375
1.38
.376
1.38
.375
1.38
.376
1.38
.376
1.38
.376
1.38
.376
1.38
.376
1.21
1.15
1.13
1.14
1.22
1.24
1.22
1.22
1.18
1.18
1.17
1.17
1.19
9,535
8,762
8,825
8,875
8,919
8,958
9,013
9,170
9,232
9,278
9,340
9,377
9,427
v 3,397
3,120
3,160
3,188
3,207
3,235
3,260
3,284
3,331
3,355
3,379
' 3, 382
v 3, 393
v 10, 884
v 4 906
v 2, 004
v S62
7,905
2, 902
1,035
336
210
299
17
63
110
8,025
3,022
1,070
365
212
299
20
63
111
8,362
3,165
1,124
394
221
308
8,631
3,288
1,177
425
235
311
23
65
118
9,013
3, 458
1, 261
466
257
322
25
66
125
9,527
3, 646
1,358
505
284
337
26
72
134
10,147
3,976
1,558
544
337
366
28
123
160
9,967
4,048
1,566
581
337
352
27
114
155
9,910
4,157
1, 609
631
338
349
30
107
154
10, 216
4,329
1,695
691
358
354
29
105
158
CONSUMER SHORT-TERM CREDIT
Tota^*consumer short-term debt, end of month*._do
Instalment debt, total*
do
Sale debt, total*
.
.
do
Automobile dealers*
do
Department stores and mail-order houses*_do
Furniture stores* . ._ _
. . .
do
Household appliance stores*
Jewelry stores*
Allother*
r
do
do
do
J>413
*396
*>35
v 118
*>180
64
115
>• 10,407 v 10, 663
' 4, 537 p 4, 741
v 1, 922
1,813
753
P810
386
»409
366
*382
32
P32
P114
109
v 175
167
Revised, v Preliminary. \ For bond yields see p. S-19. § Includes domestic and foreign bank deposits.
© Effective Nov. 1,1946, jurisdiction over the emergency crop and drought relief loans included above ^ as transferred to the Farmers Home Administration.
d* Rate on all loans: see note on item in April 1946 Survey.
X Excludes loans to other Farm Credit Administration agencies.
*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; since Dec. 15, 1945,
this series represents price of Treasury bonds of Dec. 15 1950. For information regarding the series on consumer credit see note marked "*" on p. S-16.
tRevised series. Bank debits we're revised in the September 1943 Survey to include additional banks; see p. S-15 of that issue for revised figures for May-December 1942. The
series for weekly reporting banks have been revised to increase and improve the coverage; a number of important cities have been added while some cities formerly included have
been eliminated and the coverage within included cities has been broadened; in addition, all branches of reporting banks are included, regardless of the location. The total number
of cities, including only the head-office city of branch systems, has been reduced from 101 to 94 while the number of banks reporting has been increased from 371 to 441. The percentage of total commercial bank deposits represented by the series has been increased from 49 to 57. Revised figures are available only beginning July 2, 1946 (shown here as June).
1947 Survey for June 1946-May 1947 figures comparable with earlier data.
DigitizedSee
forJuly
FRASER
SURVEY OF CUEEENT BUSINESS
S-16
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
1946
June
September
June
July
August
August 1047
1947
October
Novem- December
ber
January
February
March
April
May
P2,819
P 1,167
P213
P138
FINANCE—Continued
1
CONSUMER SHORT-TERM CREDIT—Con.
Total consumer short-term debt—Continued.
Instalment debt—Continued.
Cash loan debt, total*
mil of dol
Commercial banks*
do __
Credit unions
do
Industrial banks*
._ ._
do
Industrial loan companies*
__do _.
Small loan companies
do
Insured repair and modernization loans* do
Miscellaneous lenders*
do
Charge account sale debt*.
_ _ do Single payment loans*
do
Service credit*
__ .
do
Consumer instalment loans made by principal lending
institutions:
Commercial banks*
mil. of dol
Credit unions
do
Industrial b a n k s * . . .
.
do Industrial loan companies*
do . .
Small loan companies
do
v 2, 902
v 1,197
p 224
P143
P118
*>638
P469
P 113
v 2,887
v 2, 216
P875
v 211
v 44
P 26
v 24
P117
1,867
702
149
92
79
498
248
99
2,327
1,846
830
1, 952
744
155
96
81
512
263
101
2,281
1,886
836
2,041
790
158
100
84
527
280
102
2,418
1,938
841
2,111
824
164
103
86
536
295
103
2, 495
2,000
84S
2,197
865
171
108
90
547
312
104
2,621
2,081
853
2,288
907
176
112
94
565
328
106
2,859
2,164
858
2,418
956
185
117
98
608
344
110
3,054
2,253
864
2,482
1,991
185
122
102
611
360
110
2,764
2,286
869
2,548
1,030
190
125
105
611
377
110
2,602
2,277
874
2,634
1,079
197
128
108
617
394
111
2,768
2,243
876
' 2, 724
1,123
204
133
113
627
'412
112
2, 782
2,215
873
148
28
19
17
98
155
29
20
17
105
164
30
20
18
108
156
31
20
18
96
176
34
21
19
105
172
33
22
20
122
191
39
26
25
166
187
33
22
20
98
180
33
21
20
90
214
38
24
23
121
213
39
24
24
116
37, 552
5,213
587
4,626
602
1,484
28, 927
19,645
18, 323
4,322
2,556
2,404
651
675
368, 226
38, 324
20, 413
72,043
237, 446
37, 765
5,226
590
4,636
601
1,479
29,069
19, 688
18, 368
4,390
2,536
2,455
715
675
361, 400
61,363
25,199
63, 947
210, 891
37,911
5,255
592
4,663
597
1,475
29, 335
19,701
18, 382
4,400
2.531
2.703
566
683
343.080
37, 944
25, 233
63, 834
216,069
38,079
5,289
592
4,697
594
1,475
29, 504
19,754
18, 425
4,454
2,522
2,774
540
677
352, 230
38,807
23, 085
71, 062
219,276
38,281
5,317
593
4,724
591
1,474
29, 642
19,673
18, 343
4,493
2,527
2,949
550
707
350,547
50, 716
25, 306
64,910
209,615
38, 459
5,365
592
4,773
590
1,472
29, 678
19,558
18, 231
4,502
2,517
3,101
581
773
348, 274
39, 224
22, 572
61, 902
224, 576
38, 813
5, 437
593
4,844
584
1,471
30, 043
19, 574
18, 225
4,531
2,490
3,448
473
805
491, 797
94, 380
32, 320
92, 701
272,396
39, 032
5,480
592
4,888
601
1,470
30, 177
19, 542
18, 192
4,551
2,498
3, 586
552
772
414, 523
73, 068
37, 833
69, 466
234. UQ
39, 206
5,542
595
4,947
601
1,469
30,329
19, 571
18,198
4,567
2,497
3,694
470
795
383,857
48, 211
25, 975
68, 491
241,180
39, 450
5,601
593
5,008
597
1,471
30,102
19. 274
17,880
4,568
2,496
3,764
878
801
411, 308
50, 339
24, 554
74, 642
261, 773
39, 606
5,661
605
5,056
605
1,473
30,431
19, 296
17,904
4, 691
2,489
3,955
649
787
351,978
41,964
30, 216
63, 629
216,169
39, 776
5,750
615
5,135
614
1,477
30,579
19, 274
17,888
4,751
2,491
4,063
568
788
381, 212
40,289
27,162
65, 497
248, 264
221, 997
98, 789
29, 860
7,438
17, 309
44,063
24, 538
225, 877
106, 743
32, 923
7,496
16, 881
36, 694
25,140
216, 264
101, 276
28, 974
8,120
16, 950
35, 604
25, 340
210,898
93, 979
28, 773
7,334
16,964
38,415
25,433
235, 775
111, 755
35,899
7,996
17, 721
36,232
26,172
213, 743
99, 258
31, 022
6,999
16, 466
35, 226
24, 772
258,173
108, 249
32,312
7,888
15,550
63, 581
30, 593
266, 447
116,105
39, 995
8,747
22, 581
50, 818
28, 201
238, 744
107, 841
36,123
7, 393
17,911
41,377
28, 099
266, 482
120, 772
38, 298
7,907
17, 213
51, 324
30, 968
250, 576
112,363
38,468
7,583
18, 482
41,898
31, 782
245,999
111,679
34, 595
7, 693
18,315
41, 269
32, 448
p 116
P633
P439
P113
v 2,835
v 2, 213
^874
P
212
P42
*24
P24
P115
LIFE INSURANCE
Life Insurance Association of America:
Assets, admitted, totalJA mil. of dol
Mortgage loans, total
.. _
do _Farm
do
Other
do
Real-estate holdings
do
Policy loans and premium notes _
do
Bonds and stocks held (book value), total _ do
Govt. (domestic and foreign), total
do
TJ. S. Government
do
Public utility
do
Railroad
___
do
Other
do
Cash.. _ __ _
do
Other admitted assets-do
Premium> collections, total®
thous. of dol._
Annuities
do
Group
.
do
Industrial
do
Ordinary
do
Institute of Life Insurance:*
Payments to policyholders and beneficiaries,
total....
thous. of dol-.
Death claim payments
do
Matured endowments
do
Disability payments
do
Annuity payments
do
Dividends._
do
Surrender values, premium notes, etc
do
Life Insurance Agency Management Association:
Insurance written (new paid-for-insurance):f
Value, total
thous. of dol_.
Group
do
Industrial
do
Ordinary, total
.
do
New England
_.
_ .. _
do Middle Atlantic
do
East North Central . . .
. . . do
West North Central
do
South Atlantic . - _ . - _
- _ _ do East South Central _
do
West South Central.
do._Mountain
_
...
do
Pacific..- .
_
do
MONETARY STATISTICS
40,057
5,837
624
5,213
622
1,481
30, 740
19,093
17, 704
4,965
2,522
4,160
588
789
1,829,937 1,863,485 1,952,159 1,796,758 1,710,536 1,796,548 1,648,423 1,962,873 1,741,639 1,718,329 1,845,995 1,796,174 1,829,245
291, 212 183, 743 284,896 200, 518 238,591 198, 701 162,146 475, 709 184, 095 181, 554 181, 315 167,136 226, 596
349, 725 338, 999 323,861 323, 504 346,116 347, 220 343,113 290,439 328,518 350, 029 381, 519 359, 906 372,892
1,189,000 1,340,743 1,343,402 1,272,736 1,125,829 1,250,627 1,143,164 1,196.725 1,229,026 1,186,746 1,283,161 1,269,132 1,229,757
87, 542
89,694
84,104
76, 411
87, 521
73, 205
87,873
76, 533
83, 317
94,184
92,405
78, 555
95,427
284, 748 336, 659 327, 627 301, 929 259,183 311,142 283, 614 274,362 325, 519 300,770 314, 208 313,179 301,884
259,390 290, 952 292, 432 282, 453 249, 867 273,028 253, 324 263, 294 278, 083 263,884 280,199 275, 438 267, 028
118,937 130, 779 127, 881 125,687 112, 704 118, 363 108,934 121, 356 117,441 113,795 123, 723 124,683 119,665
132, 384 145,156 154, 781 142,193 128,777 141, 415 126,228 132,946 121, 406 126,064 137, 364 138,713 131,960
55, 645
54, 326
53, 232
47, 732
49,697
44, 003
46, 441
41,814
43,998
49, 692
47, 584
47, 673
46, 620
94,957
95, 720
88,917
95, 921
88, 359 102, 648
99,577
96,854
87, 868
95, 612 107,384 112,081 108,188
40, 797
42, 803
43, 087
38,138
41,644
37, 774
44,353
36, 348
37, 532
41, 672
41,950
41, 843
40, 382
132, 372 137,944 139, 036 132, 650 121, 266 131, 745 123, 959 141, 519 126, 363 124,802 146,134 138,314 138,746
1
!
Foreign exchange rates:
.298
.298
.298
.298
.298
.298
.298
.298
.298
.298
.298
.298
.298
Argentina
dol per paper peso
.054
.054
.054
.054
.054
.054
.054
.054
.054
.054
.052
.052
.054
Brazil, free cfdol. per cruzeiro
.302
.302
.302
.302
. 302
.302
.302
.302
.302
.302
.302
.302
.302
British India
dol per rupee
.952
.957
.942
.919
.920
.954
.951
.960
.968
.963
.906
.967
.916
Canada, free rate§
dol. per Canadian dol
.570
.571
.571
.571
.570
.570
.570
.570
.570
.570
.570
.570
.570
Colombia ._ dol per peso
.206
.206
.206
.206
.206
.206
.206
.206
.206
.206
.206
.206
.206
Mexico
do
4.027
4.027
4.027
4.031
4.032
4.034
4.033
4.029
4.029
4.027
4.034
4.034
4.027
United Kingdom, free rate
.
dol. per £
Gold:
20, 774
20,933
20, 330
20, 470
20, 463
20, 402
20, 529
20, 305
20, 748
20, 280
Monetary stock, U. S
.
mil of dol p 21, 266 20, 270 20, 267
13,057
82, 830 196, 080 -684,474 203, 540 271, 990
12,306 115.690 127, 485
7,996
60,123
15,010
118, 958
Net release from earmark*
thous. of dol
733 115,915 102, 593
49, 215
17, 691
17, 458
3,028
806
31,846
2,529
10,816
2,685
748
Gold exportsi
do
61,
508
132,
762
69,
577
78,636
24,
989
54,
722
171,
325
24,
217
85,
774
8,877
26, 027
37, 077
202, 917
Gold imports^
do
35, 475
55,424
46, 806
57, 221
59,464
56, 977
53,126
54, 749
60, 795
57,193
Production, reported monthly, total ©
do...
22,
217
32,
094
37,802
39, 286
37,170
38,949
37, 589
37,330
39,101
40,050
Africa
do
9,400
7,775
8,931
8,092
9, 212
8,429
8,384
8,092
7,961
8,047
8.184
8,203
Canada®.
_. _ _.
do
5,483
6,246
4,900
7,612
5,500
6,798
5,930
6,255
3,416
3,993 1 8,310
United States ©
. d o .r
Revised.
v Preliminary. J36 companies which had 81 percent of the total admitted assets of all United States legal reserve companies at end of 1945.
<g> Reported by 39 companies which had about 79 percent of the total business outstanding of United States legal reserve companies at the end of 1945.
• In January 1944 one company was replaced by a larger one; for revisions October-December 1943 see December 1944 Survey; earlier 1943 revisions are available on request.
d" See September 1946 Survey arid earlier issues for official rate; the official market was abolished July 22,1946. Free rate prior to August 1945 is available upon request.
§The official rate for Canada was $0,909 from March 1940, when first quoted, through July 4,1946, and $1,000 thereafter; the average rate for July 1946 was $0,983.
^Publication of data was suspended during the war period; data for November 1941-February 1945 will be published later. • Or increase in earmarked gold ( - ) .
© See notes in the April 1946 and August 1946 issues regarding revisions in the data for 1941-44 and January-May 1945.
•New series. Estimates of consumer short-term credit as originally compiled are published in the November 1942 Survey and the general estimating procedure is described in that
issue; data for various components have subsequently been revised; there have been recent revisions in data for commercial banks beginning July 1943, credit unions beginning 1945,
small loan companies beginning 1930, and single payment loans beginning 1945, as published in the Survey prior to the July 1947 issue, with corresponding corrections in the relevant
totals, and earlier revisions that have not been published, as indicated in the note marked "*" on p. S-15 of the April 1946 Survey; all revisions through April 1946 will be shown later.
See November 1942 Survey, p. S-16, for a brief description of the series on payments to policy holders and beneficiaries and data for September-December 1941 and early 1942.
fRevised series. All series for insurance written are estimated industry totals and for group and industrial insurance are not comparable with data published prior to the March
1946 Survey (see note in that issue); data for 1940-44 for these series will be shown later; data for ordinary insurance continue the data from the Life Insurance Sales Research Bureau
published in the 1942 Supplement and subsequent monthly issues.
August 1947
Unless otherwise s t a t e d , statistics t h r o u g h 1941
a n d 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
SUEVEY OF CURRENT BUSINESS
1947
1946
June
September
June
July
August
S-17
1947
October
Novem- December
ber
January
February
March
April
May
FINANCE—Continued
MONETARY STATISTICS-Continued
Money supply:
28,254
28,114 ' 28, 261
28,304
28,230
Currency in circulation
mil. of dol.. * 28,292 28,245
28,448
28,952
28,262
28,607
28,861
28,600
Deposits adjusted, all banks, and currency outside
banks total*
mil. of dol *165,100 171,237 170,700 170,600 170,200 170,000 169,500 167,107 165,900 165,400 165,100 165, 200 164,900
Deposits, adjusted, total, including U. S. deposits*
mil. of dol. . P 1 3 9 , 100 144, 721 144,300 144,000 143,700 143, 500 142,800 140,377 139,800 139,200 139,100 139, 200 138, 900
v 82, 500
81,300
81,500
Demand deposits, adjusted, excl. U. S.*
do
79,476
80,300
80,600
80,600
81,400
83,000
83,314
80,400
82, 500
82,400
P 55,600
Time deposits, including postal savings*.._do
55,100
55, 300
52,400
51,829
63,000
53,960
54, 700
52,700
53,400
54,900
64,200
53, 200
Silver:
Exports A
thous. of dol
1,685
1,865
1,387
322
12,700
6,579
3,523
106
1,147
2,945
273
858
166
4,408
4,589
7,220
do
7,089
5,557
5,332
7,861
13, 295
11, 595
4,488
ImportsA
1,187
8 283
4,385
l
.668
.723
.725
Price at New York •_ .
dol. per fineoz..
.708
.757
.867
.773
.901
.901
.901
.901
.901
.765
Production:
854
893
Canada
thous. of fine oz
1,175
1,039
1,013
1,267
953
929
842
767
1,186
do
3,713
2,730
3,896
United States
1,063
1,395
2,928
2,993
2,464
3,250
2,583
2,561
2,940
P R O F I T S AND DIVIDENDS (QUARTERLY)
Industrial corporations (Federal Reserve): d*
Net profits, total (629 cos.)
mil. of dol
604
853
875
698
Iron and steel (47 cos.) _.
..do . . .
67
97
124
96
Machinery (69 cos.)
do
49
69
32
61
Automobiles (15 cos.)
21
do .
102
42
99
2
t 44
Other transportation equip. (68 cos.).
..do....
38
Nonferrous metals and prod. (77 cos.)
do
26
50
45
41
do .
Other durable goods (75 cos.)
37
51
41
57
Foods, beverages and tobacco (49 cos.)
do __
74
93
124
103
Oil producing and refining (45 cos.). do
62
89
77
85
Industrial chemicals (30 cos.),.
do..
66
89
67
77
71
Other nondurable goods (80 cos.)
97
77
91
Miscellaneous services (74 cos.)
do
64
93
80
66
Profits and dividends (152 cos.):*
Net profits
do....
250
424
415
310
Dividends:
Preferred...
do....
21
20
20
21
Common
163
do
168
149
209
do . . .
Electric utilities, net income (Fed. Res.)*
151
191
142
156
Railways, class I, net income (I. C. C . ) . .
86.4
123.7
184 1
Telephones, net operating income (Federal Communications Commission)
mil. of dol. .
70.7
66 1
60.4
68.9
PUBLIC FINANCE (FEDERAL)
U. S. war and defense program, cash expenditures, cu356, 544 339,264 340,497 342,061 343,051 344,536 345,955 347,341 348, 651 350,035 351, 465 353,106 354, 375
mulative totals from June 1940:*
mil. of dol
U. S. Savings bonds:*
Amount outstanding
do
51, 407
49,053
51,282
50,772
51,163
49,336
49,638
49,723
50, 407
49, 560
49,864
49,493
50, 995
482
571
952
753
Sales, series E, F, and G
712
572
494
519
488
453
690
616
do
676
433
519
483
537
482
489
455
Redemptions
418
398
449
421
478
604
do
258, 286 269,422 268,270 267,546 265,369 263, 532 262,277 259,148 259, 776 261,418 259,124 257, 701 258, 343
Debt, gross, end of month®
do
Interest bearing:
227, 747 245,779 243,994 242,916 240,364 238.400 236,671 233,064 233, 601 233,176 230, 618 229 147 228 789
Public issues
do
27, 366
22,332
Special issues to trust accounts, etc
23,045
23,854
24,015
24, 254
24, 777
23,443
24,938
24,585
25,183
26,186
do
25 280
3,173
1,311
1,399
Noninterest bearing
1,231
1,187
1,151
1,351
3,305
1,116
3 324
3 274
3 368
1,500
Obligations fully guaranteed by U. S. Gov't:
83
Total amount outstanding (miniatured)
do
467
324
362
262
391
181
378
370
331
175
171
171
Expenditures and receipts:
4,570
Treasury expenditures, total..
do
5,513
3,005
4,514
2,851
2,557
2,796
3,946
3,023
3,618
4,466
3,492
3 981
1,493
2,442
1,412
War and defense activitiesJ
1,190
1,436
1,509
1,481
1,100
1,457
1,327
do
1,580
1,428
1,728
1
18
5
631
71
32
27
21
Transfers to trust accounts X . .
13
48
16
432
46
do
1.396
1,395
Interest on debt.
_
„
343
249
105
122
648
952
160
124
92
141
626
do
1,662
1,671
1,180
All other*
2,444
989
1,152
1,335
2,614
1,070
2,350
1,065
do
1,438
2, 065
5,480
4,482
4,481
2,639
2,600
3,860
Treasury receipts, total
2,617
2,717
4,643
5 724
4,113
do
2 624
3,204
5,473
4,479
Receipts, net
2,434
4,478
2,644
2,364
3,820
4,107
4,378
2,865
do
5,701
2 556
35
35
44
45
42
45
47
Customs
,
43
40
36
do
39
41
37
3,993
Internal revenue, total
4,080
2,251
4,291
3,415
2,403
2,494
2,230
3,693
4,274
2, 578
do
5,446
2 309
3 s 270
3,392
Income taxes
1,489
1,404
1,444
2,664
1,513
3,550
2,886
3,222
1,619
do
1, 597
4,650
75
125
do
76
58
67
302
89
74
290
Social securty taxes.
89
387
365
118
Net expenditures of Government corporations
970
wholly owned*
mil. of dol_.
-161
-28
-96
108
-870
136
-59
45
-32
106
20
-614
Government corporations and credit agencies :f
Assets, except interagency, total.. ._ . mil. nf dol
27, 572
29,569
80,409
32 338
5,425
5,949
6,649
Loans receivable, total (less reserves). .
do
7 294
2,873
To aid agriculture.
2,860
2 884
do
3 056
782
To aid home owners
729
685
do
663
195
171
To aid railroads.
do
171
167
To aid other industries
196
182
192
do
204
22
20
To aid banks......
19
do
17
235
To aid other financial institutions
237
295
do
238
Foreign loans
989
1,632
2,284
do
2 855
633
Allother...
617
598
do
590
Commodities, supplies, and materials..mil. of dol
1,459
1,429
1,265
1 003
1,767
U . S . Government securities
1,836
1,873
1,985
401
390
547
do
Other securities.
_ .
3 426
15, 558
Land, structures, and equipment
16,973
do
16,924
15 486
do
2,961
All other assets
2,992
3 152
3 143
Liabilities, except in teragency, total.. .
do
5,752
5,004
5,101
4 560
Bonds, notes, and debentures:
Guaranteed by the United States
325
377
do
261
169
Other. .
1,234
1,252
1,250
. do..
1 250
4,193
Other liabilities
do
3,377
3,588
3 142
Privately owned interests..
482
496
do
498
509
^_
U. S. Government interests.
m
21,338
24,069
..do....
24,810
27, 268
' Revised.
v Preliminary.
* Deficit.
i Average for July 11-31.
' Partly estimated.
<g> Data are on the basis of Daily Treasury Statements (unrevised)
A Data contain series published in the 1942 Supplement but suspended during the war period; data for November 1941-February 1945 will be published later.
• Quotations are for foreign silver through July 1946; thereafter they apply also to domestic and Treasury silver if such silver enters into New York market transactions,
d" For 1941-44 data for 629 companies and the industrial groups, see p. 31 of the October 1946 Survey.
X For 1941 revisions see p. S-17 of the November 1942 Survey.
* New series. For data for 1929-40 for profits and dividends of 152 companies see p. 21 of the April 1942 Survey; 1941-44 revisions are available upon request. Data beginning
July 1940 for expenditures for the U. S. war and defense program are shown on p. 29 of the June 1943 Survey; beginning July 1945 data are from the Treasury Daily Statements. See
note marked "*" on p. S-17 of the February 1947 Survey for references to brief descriptions and the earliest data published for the series on net income of electric utilities, bank
deposits and currency outside banks, and U. S. savings bonds; data for bank deposits, etc., beginning January 1947 are for the last Wednesday of the month instead of the end of
the month. Data for expenditures of Government corporations have been shown on a revised basis beginning in the September 1946 Survey; see note in that issue for an explanation.
. t Revised series. Data for government corporations and credit agencies have been shown on a revised basis beginning in the May 1946 Survey; data for certain items were further
revised in the October 1946 issue (see note on p. S-18 of the February 1947 Survey for further information on these series). The increase in securities other than U. S. Government
in the first quarter of 1947 is due to large subscription to International Monetary Fund.
SUEVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
1946
June
September
June
July
August
August 1947
1947
October
Novem- December
ber
January
February
March
April
May
FINANCE—Continued
PUBLIC FINANCE (FEDERAL)—Continued
Reconstruction Finance Corporation, loans outstanding,
1,474
214
83
171
1,453
212
81
148
1,433
208
51
147
1,327
206
50
147
1,273
203
49
147
1,279
203
49
147
1,287
201
50
147
1,270
188
54
146
1,268
186
60
146
1,298
182
68
144
1,290
179
80
144
1,250
177
97
144
171
419
416
168
429
415
158
459
410
160
358
406
158
318
397
165
320
396
168
327
395
172
318
391
174
312
390
178
310
415
183
292
412
186
232
413
1,542
1,859
1,360
1,088
1,276
1,320
1,957
1,717
1,406
1,686
1,611
1,225
1,257
377
129
156
1,633
495
99
126
1,178
345
34
148
1,016
195
55
17
1,208
315
24
43
1,148
457
125
47
1,799
660
138
20
1,645
249
15
57
1,289
149
49
67
1,618
382
39
28
1, 454
292
75
82
1,088
309
112
26
do
do
do
do
do
do
do
do
663
421
182
35
24
879
755
124
672
289
342
9
33
1,186
1,053
132
497
399
41
3
54
863
778
65
267
134
113
20
1
821
742
77
383
214
126
40
3
893
703
50
629
540
63
19
8
691
619
71
818
232
487
47
52
1,139
936
170
••322
233
45
33
11
1,396
1,170
226
265
123
68
8
66
1,141
921
97
450
94
336
12
9
1,236
891
344
449
334
94
17
4
1,162
746
400
446
170
229
37
10
779
653
106
do
643
703
518
261
377
617
807
316
260
442
441
437
245
169
77
331
285
14
32
67
327
198
129
352
265
46
40
25
344
126
219
164
94
50
21
10
138
101
37
117
38
18
60
6
202
160
43
170
36
122
12
5
511
329
183
86
74
6
6
19
623
557
66
173
97
59
17
12
183
138
45
131
81
11
38
2
206
105
101
49
18
15
16
5
285
153
132
152
110
31
11
5
254
101
153
183
80
98
5
3
180
109
71
251
198
19
34
7
405
206
166
179
10
135
35
9
26
325
131
171
338
181
156
9
8
1
422
326
91
41
6
34
3
3
0
130
108
16
111
13
98
19
16
3
210
71
133
124
108
17
40
21
19
530
470
53
61
18
33
18
18
0
226
145
70
483
411
72
47
35
12
229
136
92
43
14
29
33
28
5
119
88
22
67
47
20
8
7
2
90
52
34
332
223
108
12
9
2
328
204
122
93
30
61
17
17
0
165
129
31
225
31
192
37
15
22
721
510
510
302
0
64,208
1,000
151, 211
126, 461
92, 857
32, 920
684
24, 750
442, 219
241, 757
241, 757
170, 349
0
'71, 408
0
200, 462
199, 702
144, 642
38. 455
16, 605
760
561, 778
363, 050
363, 050
266, 635
47, 265
49,150
0
198, 728
198,728
65. 208
132, 645
875
0
761,054 1,011,544
659, 364 788, 447
659, 364 788, 447
589, 878 668, 968
0
0
69,486 119, 479
0
0
101,690 223, 097
101, 690 189, 597
86, 316 105, 385
13,395
33, 940
1,979
50, 271
0
33,500
622, 874
487. 806
487, 229
251, 532
20. 835
214, 862
577
135, 067
135, 067
102, 635
21, 500
10, 932
0
437,652
258, 679
248, 584
118, 248
34, 300
96, 035
10, 095
178, 973
56,162
30, 924
24, 035
1, 203
122, 811
855,196
635,063
614, 064
309, 822
11,695
292. 546
21, 000
220,132
191,132
139, 824
49, 725
1,583
29, 000
883, 559
782, 831
772,831
375, 689
0
397,142
10, 000
100, 727
95, 727
73, 214
19, 870
2, 643
5,000
703, 418
351, 770
329, 770
211, 877
15,170
102, 723
20, 000
351, 649
351, 649
317, 498
32, 920
1,231
0
649
533
116
261
115
146
142
71
71
362
265
97
252
155
97
246
170
78,194« 175, 449
47,388
10, 685
228, 929
77, 979
100,184
81, 067
353, 502
146,137
533
573
576
553
530
210
687
217
681
216
677
205
665
201
652
do
Banks and trust cos incl receivers
Other financial institutions
do
do
Railroads including receivers
Loans to business enterprises, except to aid in national
do
do
Other loans and authorizations
SECURITIES ISSUED
Securities and Exchange Commission:!
Estimated gross proceeds total
By types of security:
Bonds notes and debentures total
Corporate
Common stock
By types of issuers:
Corporate, total
Industrial
Public utility
Rail
Other (real estate and financial)
Non-corporate total ®
TJ S Government
N"ew corporate security issues:
Estimated net proceeds total
Proposed uses of proceeds:
New monev total
Plant and eouipment
Working capital
Retirement of debt and stock
Funded debt
Other debt
mil of dol
do
_do _..
do
do
do
do
__do .._
do
_do .
do
do
..do....
Other purposes
Proposed uses by maior groups:§
do
Industrial total net proceeds
do
New monev
do
jjpf irpmpnt of debt and stock
do
Public utility total net proceeds
do
New money
do
Retirement of debt and stock
do
Railroad total net proceeds
New money
do
do
Retirement of debt and stock
Commercial and Financial Chronicle:
Securities issued, by tvpe of security, total (new
capital and refunding)%.
_
thous. of dol__
New capital total X
_ do __
..do....
Domestic, totalf
.do
Corporate t
__do.__.
Federal agencies
do
MuniciDal State etc
..do....
Foreign
Refunding, total t
- -..do....
do
Domestic total*
..do....
Corporate t
..
do
Federal agencies
-_do____
Muncipal, State, etc
Foreism
do
Domestic issues for productive uses (Moody's):
Total
mil of dol
do ._
Corporate
do
"VfumVioal State ftp
Bond Buyer: State and municipal issues:
Permanent (Ions: term)
thous. of dol..
..do..._
Temporary (short term)
1,033,363
743, 777
743. 377
517, 009
15, 225
211, 543
0
289, 586
251, 586
210, 657
38, 455
2,474
38, 000
867,842
428, 991
428, 991
311,710
9,145
108,136
0
438, 852
4 9, 351
3 2, 651
40, 580
16,120
19,500
983,
493,
493,
368,
545
272
272
802
0
124,470
0
490, 274
435, 774
395,174
32, 920
7,680
54, 500
570,
419,
418,
354,
236
153
83
306
210
96
239
175
64
188
127
61
293
246
47
209, 327
49,167
130, 851
56,461
138,678
141,185
67,526
3,482
89, 389
131,893
53, 290
62, 729
552
809
370
498
651
745
723
631
583
571
442
653
377
647
305
729
253
720
238
723
528
459
69
76
405, 776 r 109, 692
71, 803 ' 29, 927
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. members caLrrying
margin accounts)^
Customers' debit balances (net).
Cash on hand and in banks
Money borrowed
Customers' free credit balances
_.
mil ofdoL.
do
..do....
do
222
650
537
453
217
693
Bonds
Prices:
102. 89
102. 86
102. 95
104. 21
103. 52
103.10
102.15
102. 46
102.00
102. 63
102. 49
102. 64
Average price of all listed bonds (N. Y. S. E.)_ dollars.. 102. 25
103. 30
103. 36
102. 41
103. 27
104.61
103. 92
103. 49
102. 56
103. 06
102. 92
102.88
102. 70
103. 07
Domestic .do
80.15
77.95
77.12
77.20
77.00
74.02
81.64
80.97
76.89
76.42
75.32
77.19
76.18
Foreign
_
___.
__do____
Standard and Poor's Corporation:
Industrials, utilities, and rails:
122.4
122.7
123.9
123.8
122.6
122.8
122.8
124.0
121.8
121.6
122.9
122.8
121.5
High grade (15 bonds) „
dol. per $100 bond..
Medium and lower grade:
119.1
116.8
116.6
119.5
119.1
117.4
116.3
116.5
115.8
115.9
115.0
114.3
115.9
. do..
Composite (50 bonds)
123.5
123.7
123.9
124.0
123.7
123.4
123.3
122.2
122.5
123.5
123.2
122.6
123.0
..do....
Industrials (10 bonds)
111.2
112.4
115.4
114.7
112.6
116.0
112.9
112.7
113.0
115.3
112.6
112.5
111.9
do
Public utilities (20 bonds)
114.3
113.6
113.2
117.7
114.3
118.7
118.5
114.3
112. 3
112.7
109.2
107.3
112.9
do
Railroads (20 bonds)
78.8
65.4
69.3
66.1
83.2
80.1
68.3
64.0
63.4
62.7
63.6
61.9
67.7
_.do____
Defaulted (15 bonds)
140.0
133.1
132.
5
140.9
137.8
134.4
133.2
142.0
136.0
136.8
134.4
133.4
133. Q
-_do____
Domestic municipals (15 bonds)!
f
Revised. §Small amounts for "other corporate," not shown separately, are included in the total net proceeds, all corporate issues, above.
IData except for June and December are from the New York Stock Exchange.
® Includes data for nonprofit agencies not shown separately.
tSee note in the A pril 1946 Survey regarding revisions in data for 1944. Corrections in January to March 1946figuresshown in March to May 1947 issues of the Survey (thousands
of dollars): New capital—total and domestic total, January, 203,847; February, 122,819; domestic corporate, February, 47,616; refunding—domestic total, March, 310,674.
fRevised series. The classification of Reconstruction Finance Corporation loans was revised in the November 1943 Survey (see note in that issue); the figures include payments
unallocated, pending advices, at end of month. There have been unpublished revisions in the 1941-44 data for security issues compiled by the Securities and Exchange Commission
as indicated from time to time in notes in the Survey; and revisions in the 1945 data as shown in the September 1946 and earlier issues; all revisions will be shown later. For an explanation of the revision in the price series for municipal bonds and data beginning February 1942, see p. S-19 of the April 1943 Survey; earlier data will be published later.
SURVEY OF CURRENT BUSINESS
August 1947
Unless otherwise s t a t e d , statistics t h r o u g h 1941
a n d descriptive notes m a y be found i n t h e
1942 S u p p l e m e n t to t h e Survey
1947
June
S-19
1946
June
July
August
September
1947
October
Novem- December
ber
January
February
March
April
May
FINANCE—Continued
SECURITY MARKETS—Continued
Bonds—Continued
Prices—Continued
U. S. Treasury bonds (taxable)t- dol. per $100 bond..
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value§--_
thous. of dol
Face value§
do
On New York Stock Exchange:
Market value§
do
Face value§
do
Exclusive of stopped sales (N. Y. S. E.), face
value, total
thous. of dol
U. S. Government
do
Other than U. S. Government, total...do
Domestic
do
Foreign
.
_
_ do ..
Value, issues listed on N. Y. S. E.:
Face value, all issues
mil. of dol
Domestic
_
_
.do _
Foreign
do
Market value, all issues
_
do
Domestic
do. .
Foreign
do
Yields:
Domestic corporate (Moody's)
percent..
By ratings:
Aaa
do
Aa
_
do
A
do
Baa .
do
By groups:
Industrials
do
Public utilities
do
Railroads _ _ _ _ _ _ _ _
_
_
do
Domestic municipals:
Bond Buyer (20 cities) ..
._
do
Standard and Poor's Corp. (15 bonds) .
do
U. S. Treasury bonds, taxable f
do
105.3
104.9
104.1
103.3
103.6
103.7
103.9
104.3
104.4
104.6
104.6
104.5
83,438
97,833
73, 743
90, 590
72,691
94,121
104,881
167, 352
85,870
131,885
66, 551
97,458
121,416
161,049
100, 265
136, 235
73, 249
100, 247
68, 974
94, 673
71, 024
98, 349
73,706
91,898
69,459
85,918
69, 346
90, 244
99, 647
160,265
81,197
125, 782
62,101
91,836
116, 541 95,470
154,937 130,028
68, 979
95,349
67, 522
89, 587
63,187
81,491
64, 393
88, 961
63, 880
90,458
70,077
386
69, 691
63, 590
6.101
84,033
256
83,777
77,609
6,168
79,886
181
79, 705
72, 473
7,232
78,010
279
77, 731
72,441
5,290
149, 259 112, 738
468
392
148, 791 112,346
142, 298 106, 488
6,493
5,858
95,127
225
94, 902
89, 201
5,701
127, 553 125,491
126
265
127, 288 125, 365
120, 544 118, 519
6,744
6,846
79, 987
98
79, 889
74, 530
5,359
75,582
35
75, 547
68,860
6,687
81, 601
828
80, 773
74, 885
5,888
82, 526
140
82, 386
75, 863
6,523
137, 058
134, 932
2, 126
140, 148
138, 574
1,574
136, 648
134, 281
2,367
142,406
140, 474
1,932
136, 596
134, 257
2,339
141,407
139,513
1,894
136,714
134, 441
2,273
140,958
139,137
1,822
136,838
134, 569
2,269
139,784
138,015
1,769
137,006
134,859
2,148
140,966
139,310
1,656
137,106
134,956
2,150
141,033
139, 373
1,660
136,937
134,808
2,132
140, 978
139,336
1,641
2.81
2.71
2.71
2.73
2.55
2.64
2.83
3.21
2.49
2.59
2.73
3.03
2.48
2.59
2.72
3.03
2.51
2.62
2.74
3.03
2.60
2.72
3.10
2.59
2.70
2.85
2.58
2.69
2.86
1.81
1.92
2.22
1.41
1.55
2.16
1.51
1.60
2.18
104.1
137,219 137, 019
135, 044 134,856
2,174
2,163
140, 833 140,426
139,172 138, 797
1,662
1,629
136,880
134,644
2,236
140, 245
138, 520
1,726
136,787
134, 584
2,203
139, 521
137,827
1,694
2.79
2.82
2.82
2.83
2.79
2.78
2.79
2.78
2.79
2.58
2.68
2.80
3.10
2.60
2.70
2.84
3.15
2.59
2.69
2.84
3.17
2.61
2.69
2.83
3.17
2.57
2.65
2.79
3.13
2.55
2.64
2.79
3.12
2.55
2.64
2.80
3.15
2.53
2.63
2.81
3.16
2.53
2.63
2.82
3.17
2.58
2.70
2.89
2.64
2.75
2.98
2.65
2.76
3.05
2.66
2.77
3.05
2.66
2.77
3.04
2.63
2.73
3.00
2.61
2.72
3.00
2.61
2.73
3.02
2.60
2.71
3.03
2.60
2.71
3.05
1.58
1.65
2.23
1.73
1.75
2.28
1.66
1.84
2.26
1.78
1.80
2.25
1.85
1.97
2.24
1.81
1.92
2.21
1.97
1.99
2.21
1.90
2.02
2.19
1.89
1.98
2.19
1.83
1.95
2. IS
137,165
134, 995
2,170
140, 793
139,139
1,653
Stocks
Cash dividend payments and rates, 600 cos., Moody's:
Total annual payments at current rates.-mil. of doL. 2, 310. 25 1,943.39 '1,960.85 '1,957.89 1,954. 89 2,002. 26 2,065.80 2,110. 73 2,128.87 2,195. 70 2,195. 70 2, 224. 33 2, 310. 25
954.65 954.65 954. 65 954. 65 954. 65 954. 65 954. 65
954.65
Number of shares, adjusted
millions
954. 65 941. 47 941. 47 941. 47 941.47
2.30
2.42
2.21
2.08
2.23
2.16
2.06
2.08
'2.08
2.42
2.10
Dividend rate per share (weighted average)..dollars..
2.30
2.33
3.20
3.21
3.21
3.21
3.21
3.21
3.21
3.21
Banks (21 cos.)
.
do
3.20
3.20
3 21
3.21
3 21
••2.04
'2.03
2.03
2.05
2.12
2. 19
2.22
2.35
2.50
Industrials (492 cos.)
do
2.01
2.51
2.40
2.32
Insurance (21 cos.)
do
2.59
2.58
2.58
2.58
2.58
2.59
2.59
2.59
2.59
2.59
2.59
2.59
2.59
Public utilities (30 cos.)
do
1.98
1.81
1.81
1.82
1.82
1.88
1.90
1.90
1.92
1.95
1.95
1.96
1.96
2.66
2.71
2.71
2.65
2.59
2.76
2.77
2.75
2.66
2.66
Railroads (36 cos.)
do
2.71
2.66
2.75
Cash dividend payments publicly reported:*
492.5
159.2
434.5
963.1
455.1
342.1
Total dividend payments
__
mil. of dol._
166.3
388.9
394.5
160.5
190.5
517.3
85.9
308.5
160.9
276.9
561.1
152.1
Manufacturing
do
146. 5
162.7
86.8
89.1
78.7
288.1
1.3
2.9
Mining
_
do
23.9
4.1
74.1
25.4
.9
5.9
4.3
4.2
50.0
1.2
9.6
Trade
do
29.7
5.6
40.9
90.2
50.0
45.3
35. 1
9.9
33 3
23.0
9.6
31.8
92.4
25.8
18.2
Finance
_.
do
51.9
98.1
87.2
28.9
55.9
45.9
24.0
29.5
5.4
Railroads..
do
17.3
12.4
44.4
19.4
22.7
21.6
5.3
32.5
17.0
2.0
8.0
Heat, light, and power
.
do
46.3
40.5
34.8
45.1
31.2
46.1
48.2
36.3
47.5
35. S
37 8
51.0
.3
9.9
50.1
49.6
12.6
Communications
. _ do
.2
47.5
14.3
13 5
48.0
.3
.3
2.6
16.9
2 1
34.8
10.6
18.6
10.6
Miscellaneous
do
9.9
62
16 2
11 6
1 8
Prices:
Average price of all listed shares (N. Y. S. E.)
74.4
79.4
80.2
82.4
Dec. 31, 1924=100-75.7
79.3
'81.6
99.1
95.8
89.6
78.5
77.3
81.1
59.49
63.64
62.66
Dow-Jones & Co. (65 stocks;
_dol. pershare.63.78
61. 04
73.81
61.10
63.97
75.02
61.77
61.26
65.83
77.59
168.
67
176. 66 171. 28
Industrials (30 stocks)
do
168. 94 174. 38 176.10
181. 54
173. 76 207. 32 202. 27 199. 44 172. 72 169 48
33.98
40.93
35.05
34. 58
35. 23
51.18
36.55
36.02
34. 52
33.39
Public utilities (15 stocks)
. do
42.51
40.96
37.17
Railroads (20 stocks)
.
do
44.86
66 64
63.22
61.45
49.59
47.28
49.24
36.77
49.56
51.74
49.15
45.88
43.60
136. 45 118.36
114. 00 114.14
118. 34 119.06
115.12
144. 63 140.10
122. 29 118. 07 113. 74 ' 109. 67
New York Times (50 stocks)
do
Industrials (25 stocks).
do
195. 85 237 16
231.21
225. 97 198. 49 191.65
190. 32 197.29
199.92
204 82
198. 46 192. 51 186. 57
Railroads (25 stocks) _
do
34.41
52.11
48 99
46.93
38.24
36.58
37.97
39.59
38.21
37.70
34.86
32.78
39 77
Standard and Poor's Corporation:
115.2
123.7
125.2
125.4
119.3
146.4
Combined index (402 stocks)
1935-39=100..
119.1
125.5
153.2
149.6
122.3
120.6
128.7
119.0
127.7
128.8
128.5
123.1
150.4
128.9
Industrials (354 stocks)
do
124. 1
153. 4
125.9
123.8
156.9
132.6
108.0
117.1
114.6
113.0
117.9
117.6
138.9
135.2
112.4
111.5
Capital goods (116 stocks)
do
111.9
142.7
121.6
121.
4
126.7
133.8
126.4
136.9
159.3
132.3
Consumer's goods (191 stocks)
do
130.0
166.7
162.7
133.5
133.5
139.7
102.0
104.6
109.7
110.7
100.8
107.2
125.3
105.5
Public utilities (28 stocks)
do
130.4
127.7
111.4
109.8
107.3
Railroad? (20 stocks).
__.
do
97.6
161.8
153.6
147.1
119.0
110.2
113.3
118.8
114.7
118.8
109.9
102.2
95.1
Other issues:
95.0
106.2
101.2
94.7
107.5
108.7
Banks, N. Y. C. (19 stocks)
do
118.7
108.5
115.9
116.5
105.0
94.7
103.9
Fire and marine insurance (18 stocks)
do
117.0
136.9
134.7
133.9
119.4
113.8
115.8
117.6
122.3
125.8
122.4
118.8
114.0
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
thous. of doL.
1,409,683 1,223.124 1,163,513 1,902,717 1,296,654 1,118,029 1,273,035 1,100,006 1,143,786 927,888 979, 766 883, 662
40,181
Shares sold
thousands
54, 552 51, 669 56,527 47,312
81,805
56, 794 47, 768 45,915
53, 518 37, 227 45,116
On New York Stock Exchange:
Market value
thous. of doL.
t, 149,180 1,014, 338 982,461 1,616,631 1,103,151 950, 904 1,074,021 918,463 943, 861 770,103 825, 730 739, 209
25, 302 32, 338 27, 854
Shares sold
thousands..
60, 438 38, 919 36, 955 39, 723 32, 628 34,109
32,196
35, 865 32,188
Exclusive of odd lot and stopped sales (N. Y.
20, 620 20, 616
19,337
29,
834
23,758
Times)-.
thousands.. 17,483 21, 717 20, 595 20,807
23, 557
43, 450 30, 384 23,819
3hares listed, N. Y. S. E.:
64, 520 63, 646
67,
608
69,627
68,839
65, 741 68, 595
74, 350 66,864
66,115
66, 548 80,929
79,132
Market value, all listed shares
mil. of dol
1,794
1,792
1,779
1,771
1,786
1,738
1,750
1,756
1,764
1,814
1,829
1,686
1,719
Number of shares listed
millions—
r
Revised.
§ Since March 18, 1944, United States Government bonds have not been included in these data.
*New series. For data for dividend payments for 1941-42, except for minor 1942 revisions, see p. 20 of the February 1944 Survey; revisions in the 1942 figures shown on that page
and 1943-44 figures are on p. 31 of the February 1947 i?sue.
t Revised series. Revised figures through 1943 for prices and yields of U. S. Treasury taxable bonds and a description of the data are on p. 20 of the September 1944,Survey.
Yields through December 1945 for partially tax-exempt Treasury bonds are shown in the April 1946 and earlier issues of the Survey.
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
1947
June
August 1947
1946
July
June
August
September
1947
October
Novem- December
ber
January
February
March
April
May
FINANCE—Continued
SECURITY MARKETS-Continued
Stocks—Continued
Yields:
Common stocks (200), Moody's
percent..
Banks (15 stocks)
..do
Industrials (125 stocks)
_
..do
Insurance (10 stocks)
do
Public utilities (25 stocks)
do
Railroads (25 stocks)
do
Preferred stocks, high-grade (15 stocks), Standard and
Poor's Corporation
percent-.
5.1
4.6
5.0
3.5
5.1
7.3
'3.6
3.7
3.4
3.1
3.9
4.8
3.7
3.7
3.5
3.2
3.9
5.2
3.9
3.8
3.8
3.2
4.2
5.6
4.4
4.0
4.1
3.6
4.6
6.5
4.4
3.9
4.3
3.5
4.7
6.3
4.6
4.0
4.4
3.6
4.8
6.9
4.5
3.9
4.4
3.5
4.6
6.6
4.5
4.2
4.4
3.3
4.6
6.6
4.7
4.2
4.6
3.3
4.7
6.8
4.8
4.4
4.7
3.4
4.9
6.8
5.1
4.6
5.0
3.6
4.9
7.3
5.3
4.6
5.3
3.7
5.0
7.5
3.76
3.46
3.43
3.44
3.57
3.65
3.70
3.76
3.74
3.71
3.72
3.75
3.76
FOREIGN TRADE
INDEXES
Exports of U. S. merchandise:
Quantity
1923-25=100..
Value
.do
Unit value
do
Imports for consumption:
Quantity
__.
.
-do
Value
do
Unit value
do
Agricultural products, quantity:!
Exports, domestic, total:
Unadjusted
...1924-29=100 _.
Adjusted
_
do
Total, excluding cotton:
Unadjusted
do
Adjusted
do
Imports for consumption:
Unadjusted
do
Adjusted
do—
330
220
230
105
202
217
108
218
231
106
154
168
109
127
142
112
226
260
115
249
291
117
245
294
120
251
305
121
350
123
274
344
126
296
'378
128
148
124
116
95
139
132
95
130
130
100
120
118
100
120
124
104
142
147
104
146
156
107
156
168
109
118
133
113
116
136
117
123
151
124
121
'142
119
118
161
107
153
95
128
102
76
108
90
109
128
111
128
173
210
156
187
94
112
127
131
136
113
160
142
142
144
158
190
162
189
112
101
87
89
101
108
117
109
112
141
132
100
96
23, 534
12,490
24,648
11,623
21,078
11,419
18, 906
10,904
17,444
10,767
19, 741
12, 305
20, 815
10, 712
95
117
141
168
150
171
102
105
SHIPPING WEIGHT*
30, 840
12,716
19, 275
9,679
thous. of dol__ 1,241,726
276
Lend-lease*
do
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
Other regions:
Australia
...do
British Malaya
.__
do
China
do
Egypt
do
India and dependencies
do
Japan
..do
Netherlands Indies
do
Philippine Islands
do
Union of South Africa
do
General imports, total--.
do
466,019
By geographic regions:
Africa
-do
Asia and Oceania.
do
Europe.
-...
.do
Northern North America
do
Southern North America
...do
South America
do
877, 683
57,194
Exports, including reexports
General imports
_.__
VALUE§
Exports, total, including reexports..
mil. of lb_
do__.
42,166
157,933
370,099
117,804
88, 859
100,823
62, 577
7,983
37, 234
48,090
62, 919
17, 280
10, 571
825, 570 883, 293 642, 711 536,614
37, 092 33, 809 12, 477
7, 587
43, 789 27, 553 16, 081
31,832
130, 312 137,854 99,470 67, 263
379, 853 354,879 234,137 168, 352
123,836 137,080 135, 651 158,202
79, 293 73,395
77,094 96,168
82, 593 113,224
53, 313
52, 796
11, 098
40,146
38,079
73,160
46, 382
15, 636
31,004
42, 671
70, 755
27, 530
8,518
21, 651
12, 531
66, 812
24, 262
12, 286
25, 693
12,441
31,575
12, 792
987, 912 1,096,526 1,114,452 1,150,831 ,327,305 .,298,602 ,422,878
8,557
3, 483
8,357
2,037
7,201
3,800
1,710
53, 070
121, 680
388, 288
157, 786
120, 557
144, 489
21,190 67, 492
2,331 11, 689
4,424 31,056
11,106 16,039
46,097 102, 586
52, 512
177, 270
457,138
150, 419
140, 675
174, 908
73, 768
213, 638
483, 697
185,146
144, 662
226, 394
68, 706
177,172
496,059
188,353
152,356
215,955
86,806
219, 997
517,095
210,305
148, 641
239,184
54,669 70, 810 77,103 73, 081
9,595 13, 704
10, 943 12, 615
31,846 41,168 45, 032 49,189
15, 780
14,078 24,671
7,232
74,035 111,771 103, 243 117, 354
76, 432
14, 900
55,352
9,281
93, 438
88.123
17,891
46,819
27,116
94, 512
46, 463
208, 207
362,113
156, 202
143,415
180,777
56, 357
160, 783
436,918
149,080
142, 223
170,140
114, 925 121,198 134, 236 133, 784 156, 252 153, 547 152, 752 146,298 145,679 181,351 181, 511 203, 653
180, 272 151. 903 199,486 137,166 121, 392 252, 306 306, 297 292, 828 287, 336 351,187 350,413 369,659
13, 622 14, 628 19, 797 13,064 11, 953 29, 379 37, 850 31,976 36, 055 66, 464 49, 464 71,653
27,192 26,124 33, 233 20,047 20,091 47, 760 51,138 52,835 56, 340 65, 445 61, 240 68, 535
7,730
7,437
7,471
5,645
5,734
3,605
9,126
11, 481
12,387
9,919
11, 672 11,796
16,382
15,106
9,124
10,998
3,010 14, 212 21,123 21,266
15, 220 19,930 21,234 23,467
22, 779 17, 231 24, 752 14, 884 13,141 36, 439 38,143 39,439 36, 499 37, 227 47, 577 42, 725
42, 481 38, 209 44,166
45, 744 51, 572 50, 331 57, 554 51,011
50, 419 62,515
57, 002 56, 862
20,124
13, 315 19, 990 11,093
8,075 27,321
31, 250 27, 676 35, 902 30, 623 46,138 39,118
5,114
7,378
5,420
7,096
6,213
5,854
8,307
9.140 16. 748
19, 562 14, 271 24,458
2, 052
809
472
803
779
412
3,374
2,579
4,172
7,145
2,103
5,769
42, 220 39,953
24,670
19,094 35,441
58,139
39,
720
54,590 35,921
37, 370 26,175 41,395
1,891
2,117
1,678
3,010
3, 49.4
3,261
3,677
5, 537
6,765
2,858
3,857
4,576
19, 841 17, 202 15, 738 16, 763 14,145 15, 428 28,435 26, 583 25, 943 43, 448 38, 529 41,676
16, 977 16, 946 20,286
14, 217
3, 598 12,416
2, 539
2.063
283
6,363
3,627
3, 579
9,494 10, 512 10,749
2,040
3,288
3,311
5,437 11, 286
9.779 16, 798
8,069 11,807
25, 652 21, 251 17, 823 18, 019
8,353 25,401
58, 646 30, 210 53, 002 42, 937 32, 040 33,066
22,007
15,645 25, 219 13, 896
7,063 34, 358 23, 282 29, 312 27, 719 40, 000 34, 656 41, 763
385,943 433, 758 425, 413 377, 564 394,034 481,794 535,832 532, 986 434, 778 444, 327 511,802 '473,575
20,050
78, 208
66,956
68,375
55, 649
96, 697
26,954
101,328
70, 511
80,506
69,207
85, 250
33,756
90, 806
63,075
78, 018
62, 489
97, 533
20, 210
86, 593
58, 273
81,305
51,994
79, 753
24, 662
22,978 29, 205 21,172
78,124 123, 404 139, 236 152,827 100, 589
63, 968 76, 258 88,877 76, 313 60, 044
90, 340 88, 074 93,097 82,979 75, 524
52,310 61, 094 76, 938 75, 061 76, 932
84,331 104,496 114,707 116, 600 100, 516
19,159 30,079 19, 795
98, 217 100, 744 120,830
49,677 65, 583 58,407
91, 641 90,932 87,817
93, 454 112, 659 86,026
92, 120 111,805 100, 701
' Revised.
§ The publication of practically all series on foreign trade included in the 1942 Supplement but suspended during the war was resumed in May 1946 Survey. Export statistics
include lend-lease exports shown separately above, shipments by UNRRA and private relief agencies, and since June 1945 comparatively small shipments consigned to United States
Government agencies abroad; shipments to U. S. armed forces abroad are excluded. Revised 1941 figures for total exports of U. S. merchandise and total imports are shown on p. 22
of the June 1944 Survey; revised figures for 1942-43 for the totals and revised figures for 1941 and later data through February 1945 for other series will be shown later.
*New series. Data on shipping weight of exports and imports are compiled by the U. S. Department of Commerce, Bureau of the Census; they represent gross weight of merchandise exports and imports, including weight of containers, wrappings, crates, etc. Data beginning January 1943 will be published later. See p. 32 of the February 1946 Survey
for annual totals for lend-lease exports for 1941-45; complete monthly data will be published later; all supplies procured through lend-lease procurement facilities are shown as lend-lease
exports although, since the program officially ceased to operate at the end of the war, the recipient nations have, with few exceptions, arranged to finance them prior to the exportation
of the merchandise. Monthly data prior to February 1945 for Colombia and Venezuela will be shown later.
SURVEY OF CURRENT BUSINESS
August 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
1946
1947
June
S-21
June
July
August
September
October
Novem- December
ber
January
February
6,167
252
5,392
9,006
16,892
3,531
70
3,276
817
19,020
March
April
May
5,073
531
3,825
6,255
18, 099
3,856
766
3,673
4, 466
16, 824
FOREIGN TRADE—Continued
VALUE §—Continued
General imports—Continued.
By leading countries:
Europe:
4,804
6,441
6,124
France
thous. of dol._24
18
23
Germany
...do
6,671
8,099
6,282
Italy
-do
7,823
7,721
7,225
Union of Soviet Socialist Republics
do
12, 405
11,512
15,230
United Kingdom
do
North and South America:
76,607
74,715
66, 548
Canada
...do
147,968 147,316 154,037
Latin American Republics, total
-do
14,128
13,912
17.471
Argentina
do
27, 290
45, 985
40.472
Brazil
do
3,418
8,149
9,975
Chile
do
13, 048
14,453
9,783
Colombia*
do
25,360
33,151
26.620
Cuba
do
20, 282
16,184
18, 391
Mexico
do
8,041
8,373
10,324
Venezuela*
-do
Other regions:
7,949
15,041
18,485
Australia
do
4,649
8,284
11, 792
British Malaya
do
9,946
7,061
12,656
China.._
do
1,059
2,892
651
Egypt
do
17.621
9,467 17, 534
India and dependencies
-do
12,378
14, 689 11,095
Japan
do
2,486
664
2,773
Netherlands Indies
do
3,636
4,402
2,597
Phillippine Islands
do
14, 641 15, 990
9,717
Union of South Africa
do
1,228,295 858,033 807,478 860, 405
Exports of U. S. merchandise, total
do
By economic classes:
'122,435 120,122 138,557
Crude materials
-do
79,193
53, 988 53, 340
Crude foodstuffs
do
134, 521 165,157 116,815
Manufactured foodstuffs and beverages
do
' 76, 731 71, 279 81.383
Semimanufactures
___do
445,153 396,933 470,012
Finished manufactures
do
By principal commodities:
304,631 291,840 253,947
Agricultural products, total
do
50,425
58,858
52,812
Cotton, unmanufactured
do
27, 760 24, 571 17,911
Fruits, vegetables and preparations
do
88,646 65, 542 62, 284
Grains and preparations.
do
48, 214 47,365 35,280
Packing house products
do
553,402 515,638 606,160
Nonagricultural products, total.._
do
51,627
43,463
38,297
Automobiles, parts and accessories
do
46, 424 40,057 43,827
Chemicals and related products
do
3,534
2,952
2,738
Copper and manufactures
___
do
45,639
35, 709 35,345
Iron and steel and their products
.do
125, 553 119,194 137, 504
Machinery
do
17, 074
11,967
14,104
Agricultural
do
32, 260
24,985
25.381
Electrical
__do
15,358
16,343
17,176
Metal working
_
do
66,588
58,016
66, 262
Other industrial
do
43,135
35,903
39,134
Petroleum and products
do
472,644 '371,686 ••422,018 415, 371
Imports for consumption, total
do
By economic classes:
"-121,087 ••163,015 152,201
Crude materials
do
53,101
72,193
68,636
Crude foodstuffs
do
40,148
52, 711 43,430
Manufactured foodstuffs and beverages
do
84,637
78,018
* 77,053
Semimanufactures
_
do
' 64, 762
68,026
68,426
Finished manufactures
_
do
By principal commodities:
••174,977 "• 190,014 201,657
Agricultural, total
do
46, 779
31,844
47,886
Coffee
do
4,122
7,149
6,657
Hides and skins
do
19, 654
6,744
14,
548
Rubber, crude, including guayule...
do
12,631
19,683
14,267
Silk, unmanufactured
...do
16,159
15,144
23,880
Sugar
...do
20,017
28,530 25,411
Wool and mohair, unmanufactured
...do
213,
525
232,004
••196,709
Nonagricultural, total
do
19,572
30,503 ' 22, 766
Furs and manufactures
do
21,683
20,035
24,
584
Nonferrous ores and metals, total
do
4,945
4,639
7,907
Copper, including ore and manufactures .do
6,036
5,146
6,261
Tin, including ore
do
15,357
13,967
19,588
Paper base stocks
_
do
20,925
21,362
17.382
Newsprint
do
15,124
11,320
15,127
Petroleum and products
do
7,372
403
9,544
1,809
18, 476
8,610
125
8,004
15,944
14,224
4,502
218
3,314
1, 245
11,200
5,245
149
4,571
2,786
14,177
7,298
41
5,133
7,139
10, 269
77,000
125,299
10, 908
29,870
4,754
14, 224
19, 749
14, 922
11, 507
88,167
132,739
13,907
30,049
7,263
11, 644
23,936
18,140
13, 644
84,110
90,187
159, 776 185,610
23,016
37, 792 37,277
6,719
8,770
16, 550 20.142
29, 276 36,168
19, 984 23,441
10,523
9,973
17,139
14,479
8,041
1,345
20,593
2,780
3,292
3,338
14,443
626,942
12, 710
19, 795
7,123
1,779
9,290
2,276
6,609
3,635
13, 904
528, 631
7,724 14,148
8,516
11,822
16, 813 15,918
15, 206
15,347 49, 772 28, 891 15, 699 21,164 43, 212
19,093
11,593 15,572
13, 206
5, 955 11,917
5,183
10, 271
1,354
3,312
7,058
936
610
954
1,068
19,487
24,944 27,901
27,618
22, 059 19, 218 13,234
3,762
14,307 25,917
813
775
804
8,445
1,892
5,660
8,044
2,519
2,780
2,584
4,545
9,779
5,891
11,195 10,965
17, 057 15, 875 17, 896
4,715
10, 363
9,064
5,297
5, 672
8,629
8,207
967, 476 1,083,238 1,094,442 1,132,221 1,304,499 1,280,408 '1,408,487
115,589
39,118
81,564
61,287
329,385
93,601 173,183
29,008
51, 340
42,150 107, 725
50, 760 82, 914
313,245 551, 961
135, 231
68,347
149,720
105,381
624,559
133, 879
62, 515
132, 503
114,370
650,630
139, 640
65,807
136, 606
115,595
' 673,339
149, 576
81, 225
135, 941
147, 032
790, 493
129,815
81, 472
129, 279
145, 796
794, 046
143,424
80, 031
144, 528
171,308
869,196
187,244 121, 475 290, 478
16,997
34,316
70, 562
11, 523 19,428
13,666
51, 543 29,643
71, 494
4,338
19,263
13, 377
439,698 407,289 675,197
42,817
39, 804 75,974
30, 257 27,391
44,651
1,994
1,205
4,827
30,834
26,756
44,843
83, 724 89, 673 148, 273
12, 044 12.677
16, 294
18, 581 23, 608 35, 490
9.477
7,977
14, 574
41, 372 39, 253 74, 237
35,014 27, 576 36,007
378, 364 396, 729 470, 239
321,002
57,437
44,184
96,344
19,272
762, 236
70,816
57, 111
6,256
51, 236
154,438
18,600
40,605
14, 542
71, 204
41,513
497,550
290, 351
47, 713
36,026
89,224
18,535
803,479
72,359
52,424
6,184
57,157
166, 333
19, 344
38,119
19,867
79,155
37,137
537, 669
'300,676
60,972
32,711
110,705
18,124
'829,680
74,748
53,533
4,979
52,116
162,949
19,148
40,979
14,031
80,194
48,532
423,350
316, 254
60, 748
27, 332
120,385
19,692
988, 245
95, 875
67,405
6,625
70, 237
191, 365
24, 649
48, 575
17,808
88,844
50,192
434, 483
279, 720
45, 588
19, 086
125,125
21, 206
1,000,688
104, 684
67,927
5,935
71, 789
202, 052
28,818
47, 437
18, 457
95, 549
53, 928
483, 646
289,178
41,134
21,457
126,895
32, 807
1,119,309
114, 907
77, 968
7,111
79,012
246, 330
31, 233
55, 640
21,129
124,188
59, 931
455, 400
133,792 136,989 161,757
60, 761 59,012
77,313
38, 599 39, 276 47,352
76, 262 87,017 88,128
95,192
68, 781 73,819
169,046 210, 514 128,838
91, 259 112, 207 86, 039
48,078 38,042
43, 279
101,145 95, 669 90,925
74,271
88.021 81,269
74, 274
79,278
183,579 169, 916
16, 382 16,900
37, 504
51,482
4,931
4,648
18,351
18,176
27, 553 34, 077
21,361
25,024
13,711
14,201
89, 755 89, 442 85, 072
175,832 215, 292 176, 330
13,294
18,839
8,767
29, 367 42, 734 26, 763
11,805
14,120
8,186
20, 259 18, 515 14, 477
42, 801 61, 238 44, 586
23,429 22, 263 17, 466
17,072
13,733
13,134
123, 587 133, 699 160,066
90, 237 109, 750 61,185
51, 274 67, 691 53, 962
93, 739 95, 502 103, 494
75, 647 77, 003 76, 740
178,730 176, 084 229, 346 252,381 308, 914 226,226 230, 265 268, 602 233,121
36,816
56,849 54, 206 66, 599 32,020
32,080 43,909
50,433 62,896
7,072
11,595
6,388
7,724
10,256
5,670 r 5, 977
7,261
8,655
22, 537 25, 562 30,934
32,388
25,578 51,205
19, 992 23, 937 47,837
13,922 24,247
2,884
3,211
745
1,109
43
57
5,943
12, 052 10. 384 15,413
17,035
18,122 26,912 34, 861 50, 780 34,311
19, 441 17,111
17,697
23.459
20,160
22,665
22, 586 21, 338 20, 893
199,464 220,469 240, 809 245,169 228, 709 197,184 204, 218 215, 044 222, 327
8,363 ' 15,339 14,179
4,434
9,187
7,085
24,662 14,796
6,648
25,445
17,364
26, 535 32.143 29, 742 27,568
25, 479 30,107 35, 789
8,969
6,513
8,625
9,580 12,511
8,074
9,026
16, 571
7,343
3,800
898
4,217
1,466
2,410
9
853
3,762
2,778
15,245
14,026
13,021
18,087 15,906 17,187
20,521
14.022 18,208
22,830 26,318
20,801
21,004 25, 987 27, 048 28,667
25,916 23,763
13,290
15,289
12,981
21,879
14, 753 19, 379 18,429 21,620 20,309
TRANSPORTATION AND COMMUNICATIONS
TRAN SPORTATION
Airlines
Operations on scheduled air lines:J
28, 958
28, 243
28, 301
27, 965
26, 701
25, 046
27,173
22, 502
22, 512
25, 318
25,464
Miles flown, revenue
thous. of miles..
18,311
9,924
8,744
12,011
15, 030
16, 435
24,021
17, 235
12,331
12, 615
17,449
Express and freight carried
thous. of lb._
2,669
3,173
3,644
4,623
6,321
2,390
4,390
4,788
Express and freight ton-miles flown* thousands. _
3,602
3,827
5,116
1,094,982 1,163,349 1,301,161 1,241,438 1,149,481 979, 666 999,167 725,141 740,206 972,899 1,076,848
Passengers carried (revenue)
;
number..
558,839 565, 731 619,136 608,196 553, 405 465,015 503, 478 376, 339 368, 017
Passenger-miles flown (revenue)
thousands. _
519, 516
Express Operations
25,645
Operating revenue
..thous. of dol__
25,626
25,798
26,134
28,084
25,355
26, 410
28,327
25,112
25,082
31,223
25,838
73
73
61
79
69
50
64
55
87
Operating income
do
Local Transit Lines
8.0580
7.8835
7. 9306
7. 9722
7. 9805 7.9832
7.9832
8. 0220
8. 0414
8.0275
7.9915
8.0580
8.0165
Fares, average, cash rate
cents.. 1,478,911
1,580,540
555,250 1,569,230 1,539,190 1,645,700 1,591,280 1,627,260 1,627,630 1,481,063 1,607,269 1,591,152 1,605,975
,580,541 1,555,250
Passengers carried!
.__
thousands..
115,800 114, 300 115, 700 112, 900 121, 400 116, 500 123, 600 119,800 108,700 116, 200 118, 200 120,100
Operating
revenuesf
thous. of dol..
r
Revised. §See note marked " § " on p. S-20.
*New series. Data prior to February 1945 for imports from Colombia and Venezuela will be shown later. See note marked "%" regarding the new series under airlines.
fRevised series. Data for local transit line revenues beginning in the April 1944 Survey and passengers carried beginning in the May 1945 issue are estimated totalsf or all local
transit lines; revised data beginning 1936 will be published later.
{Data have been revised to exclude operation of feeder lines and to include Colonial airlines formerly excluded and, for passengers and passenger miles to cover revenue passengers
only.
Revised earlier data, including data for the new series on express and freight ton-miles, will be published later.
SUKVEY OF CURRENT BUSINESS
S-22
Unless otherwise s t a t e d , statistics t h r o u g h 1941
a n d 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
1947
1946
June
September
June
July
August
August 1947
1947
October
Novem- December
ber
January
February
March
April
May
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION—Continued
Class I S t e a m Railways
Freight carloadinss (Fed. Reserve indexes):
Combined index, unadjusted
.1935-39=100 _
Coal
do
Coke
do. __
Forest products
do
Grains and grain products
do
Livestock
do
Merchandise, 1 c 1
do
Ore
-do
Miscellaneous
. - do
Combined index, adjustedf
do
Coalt
do
Coket
do
Forest products
__ -do __
Grains and grain products!
do. __
Livestock!
do
Merchandise, 1. c 1
do __
Oret
do
Miscellaneous!
do
Freight carloadings (A. A. R.):<g>
Total cars
„
thousands
Coal ._
_
do . .
Coke
do
Forest products
do
Grains and grain products
do
Livestock
.
do
Merchandise, 1. c. 1 __
__ _
_ . _ do
Ore.,
__
do___
Miscellaneous
do
Freipht-car suplus and shortage, daily average:
Car surnlust
thousands
Car shortage*
do
Financial operations (unadjusted):!
Operating revenues, total
thous. of dol__
Freight
_.
do
Passensrer
.__ .
do . .
Operating expenses
do
Taxes, joint facility and equip, rents._
._ _ do
Net railway operating income .
__do_. _
Net income do
Financial operations, adjusted:!
Operating revenues, total
mil. of dol
Freight
.
do
Passeneer _.
__do__ .
Railwav expenses
do
Net railway operating income . . _
do
Net income
do .
Operating rpsnlts:
Frpicht carripd 1 mile
mil. of tons
Revenue per ton-mile
.
cents
Passengers carried 1 mile
. millions
142
141
170
151
143
87
73
286
146
137
141
173
145
140
108
74
184
142
137
146
138
155
128
96
'80
213
139
133
146
140
149
'125
118
81
137
135
143
145
172
153
166
135
78
263
142
139
145
177
153
139
166
78
164
141
145
152
177
165
142
113
77
243
146
141
152
184
157
131
118
77
162
145
149
160
181
166
140
120
79
245
150
138
160
183
154
125
91
75
164
139
149
155
180
154
142
197
82
216
151
139
155
183
146
142
128
79
157
139
141
117
166
148
144
171
84
169
154
137
117
166
151
147
136
83
157
148
131
132
163
139
152
118
78
45
139
140
132
155
156
162
122
81
145
148
138
163
184
147
157
118
74
44
139
150
163
175
163
157
123
77
176
152
133
149
182
159
144
89
74
43
136
142
149
171
166
147
110
76
172
145
137
147
182
159
146
96
79
50
144
146
147
180
159
159
121
78
171
151
134
119
169
148
133
98
80
157
145
137
119
173
148
151
111
79
184
147
144
155
183
154
121
94
76
267
146
142
155
185
148
138
104
76
184
145
3, 543
708
54
188
200
49
464
324
1,555
3,436
725
45
193
••182
54
'510
246
' 1, 482
3,407
668
52
181
228
74
471
289
1,444
4,478
925
70
254
255
80
611
347
1,936
3,517
743
55
197
191
63
477
269
1,521
3,680
755
57
192
200
112
519
249
1,597
4,220
712
64
222
248
117
642
240
1,974
3,022
599
48
166
207
63
473
49
1,416
3,168
759
56
167
216
68
445
48
1,409
3,179
736
58
195
202
49
461
49
1,430
4,170
917
73
260
265
67
620
69
1,910
3, 233
547
53
183
191
54
505
164
1,536
4,376
922
72
233
213
66
593
369
1,909
11
15
18
7
5
14
3
24
2
21
2
31
12
33
16
24
4
20
3
31
3
36
12
20
5
15
611,998
458, 539
106, 605
517,363
'56.810
' 37, 825
14, 620
674,040
513,252
112, 383
542,164
69.069
62, 806
32,051
710,224
546,130
112,115
555, 892
72,638
81,693
52. 544
660, 402
515,623
95. 361
529, 798
63. 241
67, 362
39,070
709,938
566,968
89. 345
5.58, 424
66, 395
85,119
57, 280
6*58,160
522.806
85, 510
536,081
58,005
64,074
38,066
637, 241
493. 531
92, 716
549, 828
d 15, 581
102, 995
88, 775
685, 541
551,050
82, 450
538, 968
88, 855
57,718
28,822
635, 940
518. 615
70, 766
509, 380
83, 415
43,146
14,382
717, 826
592,186
71,411
649. 368
95. 676
72, 782
43,147
689, 456
564. 807
70, 414
543, 301
87, 745
58. 410
32, 580
724, 432
591, 687
77, 349
557,318
91, 385
75, 729
46,360
638.7
488.6
102.9
586.1
52.6
19.8
650.8
500.0
103.0
602.5
48.3
16.1
664.3
512.6
100.0
613.3
51.0
18.4
672.8
528. 5
95.7
604.6
68.2
36.5
663.1
521.8
91.3
606.0
57.1
24.8
663.0
524.3
89.4
601.2
61.8
29.4
658.1
520. 5
91.0
523.0
135.1
98.0
698.3
559.0
86.0
623.8
74.5
41.8
696.4
564.8
78.4
630.9
65.4
32.7
723.0
5fe4.6
72.2
641.8
81.1
48.1
684.9
555. 8
72.9
637.4
47.6
'15.2
698.0
565.3
78.2
633.2
64.8
32.5
53, 524
.921
5,387
55, 236
.989
5,720
59, 466
.979
5,712
56, 399
.975
4,927
60, 848
.988
4,466
54,873
1. 007
4,267
52, 712
.997
4,543
57,019
1.034
4,120
51,833
1.070
3,486
59, 485
1. 055
3,529
53, 935
1. 115
3,489
60, 00$
1.055
3,729
7,202
2,179
5,022
7,509
3,029
4,481
8,025
3,323
4,701
6,220
2,775
3,445
4,986
2,959
2,027
6,843
2,729
4,114
5,768
2,009
3,759
6,222
2,378
3,844
6,296
2,455
3,841
6,870
2,753
4,116
7,615
3,291
4,324
9,6464,367
5,278
4.20
94
250
4.23
89
232
4.45
96
254
4.33
94
236
4.36
95
226
4.44
90
241
4.16
84
208
4.25
90
214
4.37
92
213
4.37
92
214
4.86
92
240
4.46
92
244
33, 387
29. 327
27,009
34,281
27, 708
34. 201
2,166
1,884
2,907
13.451
10, 988
13.651
21,802
22.437
18, 505
621, 794 1,075,421 1,152,584
34. 409
27,953
1,764
10, 869
14,536
695, 958
29. 639
24, 755
872
9,563
14,470
271,570
29. 597
31,178
3,090
9 739
13,500
118,066
30.923
37, 782
17,989
97,348
18,468
122,349
20. 294
137,189
20,166
205, 603
20, 962
442,191
696,909
556, 889
84, 787
550, 057
8C\ 651
60, 201
Waterway Traffic
Clearances, vessels in foreign trade:©
Total IT S ports
thous. net tons
Foreign
do
United States
do __
Travel
Hotels:
Average sale Per occupied room __
dollars
Rooms occupied
_
percent of total
Restaurant sales index
avg. same mo. 1929=100-.
Foreten travel:
XT S citi7pns arrivals
number
TT S cif!7pns dpDarturps
do
Emigrants
do
Passports issued cf
National parks, visitors _
Pullman Co.:
Revenue passenger-miles
Passenger revenues .
do
number
thousands.. _ thous. of dol.
COMMUNICATION S
Telephone carriers: 1[
Operating revenues
thous. of dol
Station revenues
do
Tolls, message
_
_do _.
Oppratins? pxppnses
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_.
Cahle carriers
do
Net operating revenues
Net income trans, to earned surplus
Eadiotelegraph carriers, operating revenues
do
do
do
4.75
93
248
21, 831
902, 034
11, 218
14, 186
87,287
1,774,797 1,666,970 1,637,261 1,499,617 1,408,912 1,165,408 1,149,313 1,378,284 1,160,646 1,179,784 1,063,867 1,060,811
10,951
10,373
10, 470
9,903
9,458
8,429
9,059
10, 214
8,677
8,857
8,094
8,018
627
477
363
272
878
067
203, 553
111,649
76,009
157, 464
20,455
29, 249
197,097
109, 982
71,051
149, 048
22,068
29, 564
207,168
112,806
78,111
157.198
23, 625
29,874
154, 632
97, 754
40. 943
132, 973
5,887
30, 448
16,653
15, 380
17, 948
16, 553
17,688
16, 330
16. 233
14,984
17, 530
16,134
23, 264
21, 892
595
1,273
14,466
6
dSl
1,607
717
1,395
15, 549
698
320
1,990
599
1,358
14,863
590
138
1,714
534
1,249
13, 503
520
68
1,642
571
1,396
14, 298
1,093
873
1,775
534
1,372
16, 644
4. 399
2,676
1,609
190, 708
104,153
71, 898
143,153
23,614
27,340
192,187
103,589
73,777
154, 214
18,359
27, 608
194,230
103, 726
75, 726
152, 346
20, 846
27, 908
191,642
105,054
71,612
147,636
21,171
28,156
200,127
108,872
75, 978
154,864
22, 391
28, 463
196,489
107, 775
73,343
151,471
22, 504
28, 754
16, 677
15, 521
17, 915
16, 673
17, 573
16, 437
16,568
15,372
17,590
16, 275
622
1,156
13, 525
1,242
871
1,661
638
1,242
14,525
1,155
700
1,618
594
1,136
19, 838
* 1621
d S, 089
1,667
610
1,196
15,453
d 865
* 1,198
1,517
620
1,315
15,673
<* 289
d 614
1,641
203,
110,
77,
159,
23.
29,
611
16. 387
2,140
1,062
1,637
r Revised, d Deficit. ® Data for August and November 1946, March and May 1947 are for 5 weeks; other months, 4 weeks.
% Revised data for May 1946. $36,029,000 deficit.
O Data continue series published in the 1942 Supplement; data for December 1941-February 1945 will be published later. <? Passports to American seamen were included for
the period February 1942-July 1945. 5 Data relate to continental United States.
§ Compiled on a new basis beginning 1943; see April 1944 Survey for 1943 data and reference for revised 1942 data.
•New series. For comparable data beginning 1943 for car shortages and surpluses and an explanation of a change in the latter series, see p . S-21 of December 1944 Survey.
fRevised series. See note marked " * " regarding car surpluses. Revisions for 1939-July 1942 for the indicated indexes of car loadings are available on request. Revisions for
January 1937-February 1943 for the adjusted series for financial operations are available on request.
• Data have been revised beginning in the May 1947 Survey to include all revenues from cable operations; figures shown previously include only transmission revenues.
SURVEY OF CUEEENT BUSINESS
August 1947
1946
1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
June
S-23
June
July
August
September
1947
October
Novem- December
ber
Januber
February
March
April
May
93,007
2,320
51,830
97,107
5,492
56,286
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
!
Inorganic chemicals, production:*
Ammonia, synthetic anhydrous (100% NH3)®
short tons__
Calcium arsenate [100% Cas(AsO<)2]
tbous. of lb_.
Calcium carbide (100% CaCa)
short tons__
Carbon dioxide, liquid, gas and solid (100% 002)0"
thous. oflb.Chlorine
short tons..
Hydrochloric acid (100% HC1)
do.—
Lead arsenate
thous. of lb_.
Nitric acid (100% HNO3)®
short tons..
Oxygen
mil. cu. ft..
Phosphoric acid (50% H3PO4)
.short tons._
Soda ash, ammonia-soda process (98-100% Na2 CO3)
short tons..
Sodium bichromate
do
Sodium hydroxide (100% NaOH)
do
Sodium silicate, soluble silicate glass (anhydrous)*
short tons__
Sodium sulfate, Glauber's salt and crude salt cake
short tons__
Sulfuric acid (100% H3SO4)
do
Organic chemicals:
Acetic acid (syn. and natural), prod.*
thous. of lb_.
Acetic anhydride, production*
do
Acetyl salicylic acid (aspirin), production*
do
Alcohol, denatured:!
Consumption (withdrawals)
thous. of wine gaL.
Production
do
Stocks
do
Alcohol, ethyl:!
Production
thous. of proof gal..
Stocks, total
do
In industrial alcohol bonded warehouses
do
In denaturing plants
do
Withdrawn for denaturing do
Withdrawn tax-paid
do
Creosote oil. production*
thous. of gal._
Cresylie acid, refined, production*
thous. of lb_.
Ethyl acetate (85%) production*
do
Glycerin, refined (100% basis):*
High gravity and yellow distilled:
Consumption
do
Production
__do
Stocks
do
Chemically pure:
Consumption
.
do
Production
__
_do
Stocks
do
Methanol, production^
Crude (8(1%)
thous. of g a l Synthetic (100%)
do
Phthalic anhydride, production*
thous. of l b . . .
80,829
1,916
57, 074
80, 380
1,330
55, 312
82,123
754
51, 830
85,121
1, 765
50. 675
85, 663
1,543
45, 411
96,571
102, 550
29,519
253
59,144
1,008
74, 574
78, 786 74, 890
104, 206 108,174
29, 789 32, 394
1, 624
2,259
54,136 61, 686
997
1,062
73.795 80, 673
62, 048
97,135
30,150
2, 865
63. 277
1, 006
82,020
56, 787
102, 628
30, 714
3,726
62, 460
1,028
79, 788
60,491
110, 088
35,144
4,923
64.138
1,101
78, 892
49,858
101,717
33. 966
3, 691
62, 193
1,010
74, 926
62, 449 81,330
117, 039 109,050
36, 993 34,637
5,470
4,481
64, 647 64,288
1,146
1,218
89,050 82,452
96.487
118, 284
36,406
3,717
64,826
1,188
82,655
361,056
6,864
160, 347
364,178
7,254
163,615
358, 628 382,026 368, 302
6,601
7,066
7,176
164, 652 168, 708 153,275
385,369
6,665
165,186
380, 589
6,979
173, 449
350. 634
5,954
156, 786
383, 753 367,847
7,089
7,129
179,400
396,282
7,474
179,142
35,020
39, 224
36, 915
34,714
41.188
34,442
32, 479
39,991
35,884
50,267
39, 726
58, 200
724,766
55, 669
728,546
56,988
753,817
57, 346
755,378
63, 683
822,833
52, 494
838,040
64,878
878,078
66, 275
888,912
63, 208
835,163
70, 059 69,947
931, 237 865,447
74,473
888,304
25,883
42, 546
676
26, 206
44, 521
572
26,935
39, 954
460
24,464
41, 209
574
27,662
46, 376
710
27, 718
45, 033
1,010
31, 725
48, 703
965
35,152
49,157
925
30, 670
45, 662
1,024
33,620
54, 206
832
30,376
53,086
1,043
13,677
14, ISO
1,981
14, 645
12, 382
8,965
14,770
14,831
9,642
17,610
16, 044
8,082
18, 946
16,019
5,131
21, 291
18,913
2,744
19, 744
19, 625
2,633
17, 416
17, 014
2,200
14, 636
14, 670
2,211
12,361
11, 605
1,423
12, 594
12, 683
1,520
13,469
13, 673
1,712
14,077
13,892
1,524
23,792
27,035
25,341
1,604
26,059
2,377
18, 600
110,539
37,014
73, 525
22, 834
3,579
10, 369
1,903
6,542
16,619
98, 545
34,239
64, 306
27, 377
4,684
11,180
2,181
9,877
19, 981
86, 474
31, 788
54,686
29, 267
5,733
12,136
2,339
8,122
17.796
72, 368
28, 779
43, 589
29, 274
4,364
12, 744
2,284
7,334
18, 743
58.189
29, 512
28, 676
34,938
5,284
13, 570
2, 456
8,745
18, 025
42, 351
26,751
15, 600
36, 086
5,202
13, 027
2,100
10,170
20, 518
32,800
25, 745
7,054
31, 200
3,910
13, 481
1,817
9,602
22, 398
30, 226
22,939
7, 288
27, 775
4, 350
14, 038
2,094
10,185
18,986
30. 954
21, 573
9,381
21. 409
3,260
14, 680
2,142
7,084
19, 456
28, 891
22, 676
6,215
23, 622
3,175
14, 696
2,234
7, 902
23, 556
26, 853
24,800
2,053
25, 226
2, 555
14,271
2,436
5,984
28.082
29,341
27,472
1,869
25, 675
2,170
6,865
5,319
16, 591
6,175
4,118
14, 821
6,286
5,211
13, 234
6,089
4,621
12, 805
5,395
4,638
12, 207
5,244
5,832
12, 709
5,978
7,431
15,163
7,022
7,386
14,102
6,800
8, 234
15, 340
7,407
8,746
17, 544
8,127
7,651
18,135
7,428
6, 606
19,151
5,379
7,634
21,894
5,249
5,558
21,122
5,745
6,864
22, 017
4,924
6,594
22, 539
5,820
6,136
21,130
5,263
5,126
18, 054
5,791
6,042
18, 392
6,963
7, 662
17,941
6.138
8,573
18,106
6, 555
8, 450
18, 875
6,139
8, 531
19,137
5, 957
9,181
20,789
236
5,878
7,739
238
6,753
8,921
234
6,823
8,467
218
6,592
9,334
264
6, 593
9,276
250
6,674
11, 246
221
6,505
10, 994
276
7,145
11, 687
'230
6.681
10,847
244
6, 991
11, 690
284
6,206
9,605
308
66
242
85. 783
13,629
68, 202
313
114,554
105,132
83, 556
2,210
0
368
159
208
110, 519
19, 801
83, 362
534
72,409
59, 598
28,279
0
367
144
223
101, 539
13,170
80, 474
776
58,345
51,891
13, 521
3,040
0
559
158
401
80, 862
7,388
63, 394
809
69, 266
63, 877
11,716
1,463
0
584
63
522
95, 796
2,871
86, 791
253
80,941
67, 573
26, 929
7,809
0
529
82
448
83, 544
3,430
70, 254
2, 125
64,434
55, 712
23,141
3,446
0
928
195
734
104, 336
5,577
83, 752
4,720
39, 928
25, 096
1,327
6,835
18
' 1, 459
239
r 1, 220
89. 474
10,854
64,147
1,914
50, 020
40, 728
10,029
404
0
1, 225
182
1,042
98. 945
21,616
66. 401
2,448
51.943
40, 851
9,358
3,759
0
1,120
160
960
92 213
20, 851
58, 802
1, 449
116, 166
103. 704
65, 886
3, 579
897
1.650
77, 868
1.650
73, 575
1.925
72, 34S
1.925
69, 690
1.925
70, 263
1.925
72, 770
1.925
81, 044
2.045
98, 555
2.075
77, 839
2.075
95, 229
642,983
667,144
679,777
740,853
701,522
720,517
721, 475 754,215 750, 940
709, 781 667, 912 736, 357
783, 275
796, 677
830, 752
815,611
824,578
750,550
60, 609
4,116
43,124
65,048
6,438
48, 716
75, 794
8,081
53, 399
78,545
96, 420
27, 438
4,874
55,418
869
67, 717
88,137
98, 314
27, 960
1,848
57, 066
904
65,858
308, 623
6,285
148, 741
77, 492
2,608
53,940
95,859
1,221
52, 466
42,120
FERTILIZERS
340
Consumption, total*
thous. of short tons..
80
Midwest States*
.do
260
Southern States©
do
Exports, totalt
long tons..
Nitrogenous t
do
Phosphate materials!
do
Prepared fertilizers!
do
Imports, total!
do
Nitrogenous, total!...
do
Nitrate of soda!
do
Phosphates!
do .
Potash!
do
Price, wholesale, nitrate of soda, crude, f. 0. b. cars, port
warehouses©
dol. per 100 lb_Potash deliveries
__.short tons..
Superphosphate (bulk):f
Production
do
802,128
Stocks, end of month
__
___do
855,352
954
644
166
138
788
505
132,895 141,788
30,226 36,037
89, 765 94,580
987
636
145, 266 138,060
117,102 108. 988
71,738 80, 555
4, 346
4, 696
13,301
11, 250
2.075
2.075
84, 207
r
888, 875 "863, 787 892,045
645,412 '599, 529 681, 235
MISCELLANEOUS
47,122
42,190
47,327
Explosives (industrial), shipments
..thous. of lb._ 51,048
50, 307 51,187 45, 300 45,147
47,092
45, 017
46, 444 46,038
51,296
Gelatin:!
3,122
3,142
2,750
2,947
3,202
Production, total*.
do
3,847
3,311
3,656
3,858
3,793
3, 954
3,700
4,117
2,038
1,932
1,900
1,652
Edible!
do...
2,901
2,166
2,055
2,259
2, 508
2,407
2,237
2,405
3,028
6,119
4,726
5,818
Stocks, total*
do—
3,864
6,374
4, 958
3.999
4,857
5,548
5,789
6,078
6,369
6,488
2,315
2,652
2,628
1,743
2,787
1,824
2,299
2,878
2,180
2,866
2,922
2,988
3,059
Edible!
do—
Sulfur:*
Production
_
long tons.. 359,313 304, 472 347,936 356,355 335, 300 333, 041 355,179 351, 028 321,415 298. 565 350, 307 333,531 377, 218
3,456,082 3,861,525
,874,808 3 769 368 3,704,059 3,667,729
Stocks
do
' Revised, d* 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. O For a brief description of this series see note in April 1946 Survey.
® Data for nitric acid and ammonia include 2 additional plants beginning June 1946 and for the latter 1 additional plant beginning August 1946; see note in February 1947 Survey
© Excludes data for Mississippi, which has discontinued monthly reports, beginning in the October 1946 Survey.
§ See note in the April 1946 Survey with regard to differences between these series and similar data published in the 1942 Supplement to the Survey.
!The indicated series, except data for alcohol stocks in denaturing plants (available only beginning 1942), continue series published in the 1942 Supplement; unpublished data
for 1941 or 1942 through February 1945, and corrected data for 1937-July 1945 for nitrogenous and total fertilizer imports, will be shown later. See also note marked " • " on p. S-24
of the February 1947 Survey for further information on the series for ethyl alcohol and production of spirits at registered distilleries for industrial purposes.
*New series. See pp. 23 and 24 of the December 1945 Survey for data through 1943 for the indicated organic chemical series, except glycerin, and for ammonia, calcium carbide, oxygen, soda ash, and sulfuric acid (September 1941 revised, 572,579); data through 1943 for other inorganic ch< mical series have been revised or havt not been published and there have also
been recent revisions in the 1944-45 data for some series and 1944 data for sulfuric acid; all revisions will be published later. For a brief description of the series for glycerin see note
in November 1944 Survey. Data for 1933-45 for fertilizer consumption by mid western States and the total, which are from the National Fertilizers' Association, and for 1935-February 1945 for the new series on gelatin, will be shown later. Data for 1940-43 for sulphur arc shown on p. 24 of the May 1946 Survey.
f Revised series. See note in November 1943 Survey regarding change in the superphosphate series. Data beginning January *1946 include operations of one company which
was producing in 1945 but whose activities were not included in figures for that year; however, this change does not appreciably affect the comparability of the data.
SUEVEY OF CURBENT BUSINESS
S-24
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in t h e
1942 Supplement to t h e Survey
1947
1946
June
September
June
July
August
August 1947
1947
October
Novem- December
ber
January
February
March
April
May
CHEMICALS AND ALLIED PRODUCTS—Continued
NAVAL STORES
Rosin (gum and wood):
Price, gum, wholesale " H " (Sav.), bulk
dol. per 1001b..
Production*
._.
...drums (520 lb.)
Stocks*
.
do..
Turpentine (gum and wood):
Price, gum, wholesale (Savannah)t
dol. per gal..
Production*
bbl. (50 gal.) ~
Stocks*
..do.
6.95
i.76
7.40
489,676
390,781
7.80
7.83
8.07
462, 007
398,102
9.61
9.65
351,875
222, 701
.96
.84
1.00
167,933
90,167
1.05
1.30
1.24
143,055
101, 295
1.15
1.00
113,520
98,205
102, 231
136,182
162,986
97, 229
193,029
180,883
95,743
194,810
171, 286
86, 595
61,731
145, 205
73,125
135,936
135,550
97, 477
260,976
179, 567
116, 785
242, 506
232, 347
129, 026
303, 997
307, 623
140, 495
262, 265
307, 692
144,102
221,840
286, 602
119, 584
230,470
339,877
44,982
38,078
90,569
40,238
45,042
103, 285
46,764
43,879
92, 241
39,550
27,698
78, 390
42.106
36, 666
63,173
39,291
46,000
63,123
45,003
45, 637
64,907
48,688
52, 591
72, 871
45, 730
47, 484
67,138
45,864
44,586
64,305
42, 572
46, 735
69, 983
13, 319
13,876
58,906
13, 408
27,874
79,276
15, 647
24,870
93, 304
15, 465
21,540
108,211
17,028
18,726
121,676
18,374
18,976
7,867
10, 812
114,682 116,786
18, 509
1, 616
107, 320
18, 772
1,260
102, 400
20,290
777
79, 211
20, 365
1, 577
66,335
268
31,054
6,438
3,559
2,879
235
219
17, 457
12,351
8,290
4,061
261
264
16, 817
17,863
11, 085
6,778
255
255
8,361
12,001
6,232
5,769
279
368
7,660
25.107
19,365
5,742
390
416
10,015
33,973
21,112
12,861
409
418
14, 561
51,817
41,904
9,913
403
431
27, 090
31, 942
27, 274
4,668
443
412
5,634
46, 545
31, 314
15, 231
392
417
7,011
32,697
21,737
10,960
382
395
7.291
36,677
28,343
8,333
356
48S
475
503
407
499
321
515
267
521
250
519
247
538
262
534
279
550
304
556
311
557
353
21, 408
34,238
24,333
20, 239
42,846
37,710
31, 294
36, 975
48, 551
37, 510
35,960
38,662
36, 278
27, 381
12,964
15,949
43, 495
33,074
44,125
93, 768
58, 654
56, 069
74, 963
89, 781
51, 352
51, 285
71,902
59,163
72, 319
72,777
59, 214
.61, 925
77, 541
24,888
8,148
0
14, 218
8,571
0
30,709
16,055
945
42, 707
20, 437
0)
49,747
27,724
121
38,577
17,236
380
44, 655
16,438
0
62, 871
26, 648
1,088
64, 270
29,822
1,822
74, 349
31, 217
5,549
72, 406
31,057
813
27,188
12, 729
25,247
8,173
39, 614
16, 603
47,417
22,815
45,306
26, 614
18,827
16, 305
54,830
19, 505
68, 683
30, 909
63, 024
32, 749
73,902
36,581
74,043
35,720
85, 537
10, 258
92, 366
9,257
100, 880
7,780
105,974
10, 541
95, 441
8,607
77, 793
9,622
90,965
9,797
87, 005
12, 376
97,177
13, 935
115,722
13,228
130,011
14,267
13
107
••50
9
100
42
60
118
111
140
227
446
359
515
1,070
914
525
703
1,091
397
338
1,032
412
151
771
300
104
575
211
35
399
164
21
256
30, 449
87,614
' 21, 787
' 41,341
18, 234
31,628
37, 972
27, 765
98,629
52,276
228,936
58, 277
232,892
80,913
176,065
119, 928
181, 204
158, 905
132,015
158, 675
92,738
126,818
71, 216
125,477
23, 286
20,144
"• 15, 563
' 24, 538
13, 518
23,333
26,021
27,114
69,807
63, 245
160,011
93,603
164,961
101,983
124,786
98, 093
129, 368
105, 959
93, 504
86, 564
68, 248
72,088
53,475
51, 591
67, 513
13, 504
65, 774
16,132
82,163
16, 501
61, 321
13, 461
93, 543
22,832
129,160
27,101
113, 769
25, 279
108, 240
30,116
81, 664
28, 008
73,351
24,474
53, 077
14, 485
.143
' 32, 220
316, 318
.163
14,982
263,154
()
21, 354
197,152
()
26, 591
157, 322
.268
116,300
165, 771
.262
138,120
165, 735
.280
126,973
171,157
.302
113,015
170,239
.350
103, 872
182, 808
.389
83,789
191,326
.314
71,126
207, 411
97
48
20
14
18
19
1,938
1,396
1,194
211
1,077
327
307
40
69
303
35
69
270
7
39
238
750
73
3,889
479
257
3,513
182
146
311
190
2,280
532
345
1,615
1,883
3,362
7.27
22,962
1,790
2,024
7.25
1, 545
1,415
3
)
1,636
1,079
8.51
1,560
980
7.50
7.58
6.76
416,690
364,179
.61
145, 477
77, 440
9.24
OIL SEEDS, O I L S , F A T S , AND BYPRODUCTS
Animal, including fish oil:
Animal fats: t
Consumption, factory
thous. of lb_.
Production
do
Stocks, end of m o n t h .
_
do
Greases :t
Consumption, factory
...do
Production
do
Stocks, end of m o n t h .
do
Fish oilstt
Consumption, factory.
do
Production
do
Stocks, end of m o n t h
.
do
Vegetable oils, total:
Consumption, crude, factory
__.mil. of lb__
Exportsd"
thous. of lb._
Imports, totalcf
do
P a i n t oilsd*do
All other vegetable oilsd*
do
Production
mil. of lb._
Stocks, end of m o n t h :
Crude
do
Refined
do
Copra:
Consumption, factorycf
short t o n s . .
Importscf
--..
do
Stocks, end of monthd"
do
Coconut or copra oil:
Consumption, factory:!
Crude
thous. of lb._
Refined
do
Importsd 1
...do
Production:
Crude!
do
Refined
...
do
Stocks, end of month:%
Crude
do
Refined-..
_
do
Cottonseed:
Consumption (crush)
. t h o u s . of short t o n s . .
Receipts at mills
do
Stocks a t mills, end of m o n t h
do
Cottonseed cake a n d meal:
Production
short t o n s . .
Stocks at mills, end of m o n t h
..do
Cottonseed oil, crude:
Production
thous. oflb._
Stocks, end of m o n t h
do
Cottonseed oil, refined:
Consumption, factory!
do
In oleomargarine
do
Price, wholesale, summer, yellow, prime ( N . Y.)
dol. per l b .
Production
thous. of lb._
Stocks, end of m o n t h .
_
do
Flaxseed:
Importscf
thous. of b u
Duluth:
Receipts
do
Shipments
do
Stocks
do
Minneapolis:
Receipts
do..-.
Shipments
_
do
Stocks
do _
Oil mills:*
Consumption
do
Stocks, end of m o n t h . . .
do
Price, wholesale, N o . 1 (Minneapolis)
dol. per b u . .
Production (crop estimate)
thous. of b u . .
Linseed cake and meal:
Shipments from Minneapolis
thous. of lb
Linseed oil:
Consumption, factoryt—
do
Price, wholesale ( N . Y.)
dol. per lb._
Production!
. . . t h o u s . of lb._
Shipments from Minneapolis
_do
Stocks a t factory, end of m o n t h
do.
Soy beans:
Consumption, factory!
thous. of bu._
Production (crop estimate)
do.
Stocks, end of m o n t h
do.
r
.241
35, 750
203, 856
788
642
377
7
74
78
278
482
292
114
231
175
210
133
194
629
448
591
387
652
128
202
516
134
620
554
173
261
2,725
481
1,202
3,174
751
3,219
2,752
547
3,967
1,877
1,941
3,905
2,470
2,789
3.35
3,692
2,739
3.79
2,789
3,309
3.95
2,343
3,644
4.00
2,150
3,488
5.22
2,284
2,849
7.26
6.12
< 38,374
26,160
.325
~13~626
5
24,840
24,960
41,700
27,840
34,020
37, 200
34,080
33, 960
24, 420
28, 740
30, 720
45, 737
.155
50, 522
20,100
115, 468
41, 603
.176
75,884
20,400
121,810
46, 652
.168
57,290
22,980
128, 814
43, 227
.178
46, 494
23,040
128, 653
44, 246
.188
42, 624
26,760
126,136
42,302
.354
44, 712
27, 840
136, 550
41,891
.358
21,720
152,069
44, 978
.366
34, 823
20, 460
140,898
41, 575
.378
30, 499
19, 380
136, 681
45,174
.395
31,401
23, 460
125,060
47, 453
.394
28,850
25,380
131,769
12,957
11,955
9,033
10,929
15, 669
196,725
60,021
17,115
15, 983
16,490
15, 914
56,104
52, 338
41,977 I 41,6
12,051
" 22," 753
" 16," 702 ~"9,~176
~~i,~ 793" ~40~235~
15, 054
"56," 989
Revised. 1 Less than 500 pounds. 2 No quotation. 3 No sales. i July 1 estimate. 5 December 1 estimate.
d*Data continue series published in the 1942 Supplement; unpublished data through February 1945 for the indicated series will be shown later.
{Revisions for 1941-42 for coconut or copra oil production and stocks and linseed oil production and for 1941-43 for other indicated series are available on request.
*New series. See p. S-24 of the May 1946 Survey for a brief description of the new series for turpentine and rosin and data beginning 1945;; data
data beginning
beginning in
in 1942
1942 will be shown
later.
t Revised series. See note on p . S-23 of the November 1943 Survey regarding change in the turpentine price series.
SURVEY OF CURRENT BUSINESS
August 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
S-25
1947
1946
1947
June
June
July
SepAugust tember
October
Novem- December
ber
January
Febru- March
ary
April
May
CHEMICALS AND ALLIED PRODUCTS—Continued
OIL SEEDS, OILS, FATS, ETC.-Continued
Soybean oil:
Consumption, factory, refined}
thous. of lb_.
Production:}
Crude
__do
Refined
do
Stocks, end of month:}
Crude
_
do
Refined
do
Oleomargarine:
Consumption (tax-paid withdrawals)§
_._do
Price, wholesale, standard, uncolored, (Chicago)
dol. per lb..
Production!
thous. of lb_.
Shortenings and compounds:
Production
do
Stocks, end of month
do
Vegetable price, wholesale, tierces (Chi) -dol. per lb._
PAINT SALES
.330
86,459
85, 466
98,870
89,810
94, 787
106, 744
95, 542 107,954
104, 827
113,782
101, 229
71, 893
107,904
105,136
116,508
96,301
107,441
106,081
82, 612
88,106
98,841
134,303
120,031
137, 262 151, 554
121, 932 126,298
141,115
120,867
145, 013 141, 456
121,389 115,877
135, 889
92, 640
137, 539
116,356
146,866
103,110
131,659
90,535
116, 522 111,756
55,998
77, 293
108,591
52, 604
98, 538
61,758
97, 712
70,131
97, 226
76,995
94, 053
73, 993
89, 302
91, 327
108,868
114, 806
34, 567
37,232
40, 781
32,373
51,428
56, 550
57, 680
66,262
66,470
66, 626
39, 376
36, 493
0)
0)
47,262
43,402
.195
37,067
.270
60, 271
.420
62, 966
.412
59, 771
.393
67,946
.394
67, 755
.424
69, 914
.420
46, 716
.354
37, 730-
103, 861
45,868
.165
100,896
44,045
134,921
42, 503
139, 760 131, 754
41,305
51, 391
129, 315
48, 311
138, 551
51,184
99, 867
66,178
63,151
49, 995
0)
0)
0)
0)
0)
.165
36,062
100, 740 127, 694 157,006
52,830
51,442
41, 578
.171
.171
0)
0)
0)
0)
Calcimines, plastic-texture and cold-water paints:*
Calcimines
thous. of doL.
Plastic-texture paints
do
Cold-water paints:
In dry form
do
In paste form for interior use
do
Paint, varnish, lacquer, andfillers,total
do
Classified, total
do
Industrial
do
Trade
do
Unclassified
_do
96
111
73
115
87
135
73
129
135
64
146
101
186
93
254
89
227
102
292
476
244
66,071
59,422
23,653
35, 769
6,649
500
269
65,202
59, 258
24, 259
34, 999
5,944
534
286
68,482
61, 240
26,060
35,180
7,242
454
217
63,054
55, 773
24,014
31, 759
7,280
555
261
69,991
63,156
28, 219
34, 937
6,836
420
371
70,136
62,483
27,374
35,109
7,652
329
286
73, 538
66,131
30, 342
35, 789
7,407
403
307
83, 788
74, 210
32,405
41,804
9,578
352
329
81,632
73, 273
29. 928
43,345
8,358
422
348
92,111
82,017
32, 540
49, 477
10, 094
419
334
• 99, 51Q
• 89, 296
• 34, 338
' 54, 959
10, 220
407
312
99,411
88, 579
32, 357
56, 222
10, 831
CELLULOSE PLASTIC PRODUCTS
Shipments and consumption: ®
Cellulose acetate and mixed ester plastics:
Sheets, rods and tubes
thous. of 1b.
Molding and extrusion materials
...do...
Nitrocellulose, sheets, rods, and tubes.
do...
1,826
6,736
1,429
1,883
7,167
1,524
1,509
7,242
1,539
1,535
7,001
1,515
1,977
7,472
1,697
1,073
5,984
1,233
1,691
7,951
1,506
1,920
7,657
1,597
1,481
7,081
1,319
1,610
6,461
1,22k
1,762
5, 357
1,329
1, 689
4, 317
1,052
75
235
90
227
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total*.mil. of kw.-hr.
Industrial establishments*
do
By fuels*
...do
By water power*
_
_._do
Utilities (for public use), totalf
.do
Byfuelsf
_..
.do
By water powerf
.
do
Privately and municipally owned utilities do
Other producerst-do
Sales to ultimate customers, total (Edison Electric
Institute)!—.
._.
mil. of kw.-hr.Residential or domestic
do
Rural (distinct rural rates)
..do
Commercial and industrial:
Small light and power!
do
Large light and poweii
do
Street and highway lighting!
do
Other public authorities!.
.do
Railways and railroads!
do
Interdepartmental!
do
Revenue from sales to ultimate customers (Edison
Electric Institute)
__.thous. of dol_.
GASf
Manufactured and mixed gas (quarterly):
Customers, end of quarter, total
thousands..
Residential (incl. house-heating)...
do
Industrial and commercial
do
Sales to consumers, total
mil. of cu. ft_.
Residential
do
Industrial and commercial
do
Revenue from sales to consumers, total.thous. of dol__
Residential (incl. house-heating)
..do
Industrial and commercial
do
Natural gas (quarterly) :
Customers, end of quarter, total
thousands._
Residential (incl. house-heating)
do
Industrial and commercial
do
Sales to consumers, total
mil. of cu. ft..
Residential (inel. house-heating)
do
Industrial and commercial
_
do
Revenue from sales to consumers, totaL.thous. of dol.
Residential (incl. house-heating)
do
Industrial and commercial
_.
do
r
24, 469
4,225
3,825
400
20, 244
13, 451
6,793
17, 414
2,829
21,441
3,818
3,381
437
17,624
10, 943
6,681
15,212
2,412
22,583
3,963
3,551
412
18, 620
12,204
6,416
16,045
2,575
23,669
4,155
3,788
366
19,515
13,389
6,125
16, 783
2,731
22, 788
3,683
3,674
309
18,805
13,169
5,636
16,123
2,682
24,430
4,208
3,867
341
20,222
13,935
6,287
17, 316
2,906
23,943
3,994
3,675
319
19,949
13,669
6,280
17,119
2,830
24,875
4,028
3,672
356
20, 847
14, 269
6,578
17,842
3,005
25,957
4,321
3,896
425
21, 636
14,500
7,136
18,545
3,092
23,698
4,083
3,683
399
19, 616
13, 261
6,355
16,833
2,783
25, 544
4,298
3,843
455
21, 246
13,981
7, 265
18, 266
2,980
24, 652
4,148
3,711
437
20, 504
13, 216
7,287
17, 661
2, 843
25, 009=
4, 203
3,809424
20, 776
13, 387
7, 389^
17, 801
2, 975
15,185
2,954
443
15, 608
2,883
470
16,474
2,900
548
16,358
3,018
489
16, 721
3,130
410
16,933
3,414
328
17,450
3,739
302
18,302
4,149
291
17,783
3,960
295
17, 772
3,727
320
17, 665
3,572
421
17, 610
3,437
514
2,617
7,963
147
459
550
51
2,718
8,309
154
464
558
52
2,815
2,825
8,800
184
455
537
50
2,821
9,064
206
471
572
47
2,944
8,908
222
460
609
49
3,018
8,832
236
600
667
55
3,175
9,219
233
511
674
51
3,142
168
468
572
51
204
506
643
46
3,026
9, 285
200
491
673
50
3,070
9, 264
178
494
618
46
2,994
9,375
165
475
604
46
278,544
279, 659
286,945
288,041
292,587
300,489
310,910
326,460
320,174
313,074
310, 762
310, 025.
11,394
10,687
133,355
88,856
43,139
122,181
92,055
29, 245
9.171
8,554
612
508,141
129,143
361,315
159,853
85,177
72, 265
11,319
10,616
694
110, 834
70,113
39,657
7
107,835
80,923
26, 214
11,411
10, 687
714
146, 400
98, 474
46,171
130,155
97, 743
31,345
11.224
10, 502
713
198, 580
139,476
57.139
159,188
119,318
38, 714
9,259
8,654
600
465,984
,
73,020
383,859
131,165
56,383
73,393
9,478
8,812
661
573,015
161, 021
400, 202
188.587
101, 256
85, 239
9,739
8,999
734
728, 393
297, 553
422, 05:
270, 598
171,935
96, 797
Revised.- * No quotation. J Minor revisions for 1941-43 are available on request.
§For July *941-June 1942 revisions see February 1943 Survey, p. S-23; revisions for July 1942-June 1944 are on p. 23 of the November 1945 issue; revisions for July 1944-June 1945
are on p. S-25 of the August 1946 issue; revisions for July 1945-June 1946 are on p. S-25 of the March 1947 Survey.
• Data for some items are not comparable with data prior to 1945; see note for calcimines, plastics and cold-water paints at bottom of p. S-23 of the December 1945 Survey.
! For 1943-44 revisions for the indicated series see notes at bottom of pp. S-23 and S-24 of the May 1945 Survey.
<8> Data for sheets, rods and tubes are comparable with similar data in the 1942 Supplement; see note in September 1946 Survey regarding change in data for molding, etc. materials.
• New series. For data for 1939-45 for production of electricity by industrial establishments see p. 32 of the February 1947 Survey.
t Revised series. Gas statistics are shown on a revised basis beginning in the December 1946 Survey; see note in that issue. For revised figures for the indicated series on electric.
power production, except the series for "other producers," see p. 32 of the February 1947 Survey; revised figures for 1920-July 1945 for "other producers" will be shown later.
SURVEY OF CURRENT BUSINESS
S-26
Unless otherwise stated, statistics through 1941
and descriptive notes m a y be found in the
1942 Supplement to the Survey
1947
August 1947
1947
1946
June
June
January
February
7,136
6,461
8,467
6,890
5,965
9,134
5,761
5,543
9,067
6,277
9,325
7, 435
7,029
9,399
7, 983
7,511
9,538
19,068
19,392
17,691
20,408
19,933
19,739
1,467
1,130
1,312
1,611
1,447
1,219
16,011
15,538
25,020 31, 488 20, 703 31,802
12,120
11,519
11,115
12, 734 12,173
13,184
421, 390 420, 947 420, 778 418, 925 419,350 433,117
14,871
725
38,437
12, 498
454,426
13,455
817
34, 541
10, 070
473,163
13,730
791
32, 757
9,804
492, 466
11,974
751
27, 456
8,650
506, 031
12,173
1,125
21, 437
5,846
516, 738
1,033
873
582
7,838
19,790 24,583
6,454
5,816
5,952
380, 557 391,613 408, 517
713
21,462
4,640
423,841
19,272
4,557
437,770
712
17,123
4,449
449, 351
1, 071
14, 099
3.183
457, 941
11,164
10,170
10, 635
9,621
9, 342
8,675
6, 691
6,159
9
221
51
1,826
13
130
62
1,882
171
466
172
390
5,682
169, 984
1,040
July
August
September
October
Novem- December
ber
March
April
May
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:!
8,342
6,844
Production
_
thous. of bbl
6,374
7,939
Tax-paid withdrawals...
do...
8,035
9,565
Stocks, end of month
do...
Distilled spirits:
Apparent consumption for beverage purposes!
18, 535
thous. of wine gal.
1,525
Imports!
_
thous. of proof gal. _
13,486
Production!
thous. of tax gaL. 16,416
6, 037 ' 9, 940
Tax-paid withdrawals!-do.
525, 828 420, 262
Stocks, end of monthf
do.
Whisky:
708
Imports§
thous. of proof gal._
7,382
9,932
Production!
thous. of tax gal_.
3,933
3,278
Tax-paid withdrawals!
do
464, 825 374, 072
Stocks, end of month!
.do
Rectified distilled spirits, production, total!
7,004 ' 11,958
thous. of proof gal..
8,991
6,518
Whisky
do.
Wines and distilling materials:
Sparkling wines:
56
Imports!
thous. of wine gal..
194
Production!
_do.
168
Tax-paid withdrawals!
___do_
1,225
Stocks, end of month!
do.
Still wines:
Imports!
Production 0
Tax-paid withdrawals!
Stocks, end of month!
Distilling materials produced at wineries©
do.
do.
_.do.__
.do
do.
414
655
11,100
102,014
7,938
7,373
7,209
7,881
6,723
7,476
6,888
8, 436
7 228
7,838
7,948
7,110
8,309
711
833
969
639
8,526
7,504
9,257
8,517
4,903
4,870
4,915
5,968
376, 213 377, 290 378, 902 380,295
6,610
6,523
8,175
14, 450
11, 764
15, 036
12,150
14,415
12, 484
16, 202
14, 429
15,104
13,462
13,903
12,178
13, 829
12,528
48
238
167
1,291
32
241
194
1,331
39
249
166
1,400
46
251
254
85
184
230
1,325
192
181
1,315
20
192
68
1,429
152
49
1,521
226
75
1,665
532
974
10,177
91,995
10,041
439
5,009
10,643
85,435
16,186
319
470
443
331
255
51,133
84,152 20, 909
3,639
1,099
10, 321 12,065
11,538
9,878
7,392
129,098 206, 301 216,770 205,365 197, 313
97,470 144,854 56, 709
9,987
1,743
232
862
5,577
190,155
1,303
265
535
6,634
181,194
3,279
174, 586
1,580
110,480
7,818
.631
115,915
9,194
487
'455
355
.298
144,140
118,420
133,495
106,479
•
7
DAIRY PRODUCTS
Butter, creamery:
Price, wholesale, 92-score (N. Y.)J._
_dol. per lb_.
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 monthcT
do
American whole milk
do
Condensed and evaporated milk:
Exports: §
Condensed
_
do
Evaporated
do
Prices, wholesale, TJ. 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 l b . .
Evaporated (unsweetened)
do
Fluid milk:
Price, dealers', standard grade
dol. per 100 l b . .
Production!
mil. of l b . .
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
.633
156, 305
49, 617
1,275
.694
.705
127, 330 115,765
69,510 84,980
1,807
2,699
.768
104, 830
73,931
.840
97,495
59,586
.816
81, 260
41, 477
.822
89,035
27.874
97, 785
18,224
2,652
3,089
1,384
1,304
.709
91,720
r
.613
145,890
17,445
652
389
.371
.409
.435
.449
.399
()
.383
116, 625 106, 470 93, 330 83, 340 70, 500 69, 680 74, 275
87,830 81,010 70, 340 60,785
51,655
50, 920 55, 680
148,786 160, 272 157,180 129,941 123, 435 123, 592 114,606
120,136 126,899 126,084 101,185 92, 422 93,873 87,459
.370
77,110
58,990
98, 053
74,795
100, 610
78,015
93,427
71,757
.338
116,845
92, 615
113. 854
88, 737
5, 667
38, 760
6,619
135,652
3,066
89, 447
2,955
55, 233
1,979
30, 767
3,634
39,791
15, 580
46,037
8,911
28,871
4,273
23,354
4,694
25, 355
7,275
23, 534
7, 549
39, 517
6.33
4.54
6.79
5.09
7.03
5.32
7.78
5.46
7.92
5.79
8.25
5.88
8.25
5.88
8.25
5.86
8.25
5.72
8.28
5.64
8.27
5.42
8.26
5.23
116. 620 133,525 112. 694 '98.221 '69,685 ' 52, 989
'33,956 '34,160
8,250
7,450
6, 275
12, 950 -" 13, 075 10, 800 10, 400
6, 780
7,980
410, 000 380,880 336, 600 291, 400 242,000 195,600 169,100 183, 550 206, 300
11,119
10, 826 12, 549 11, 377
9,617
8,701
7,196
5, 230
4,923
440, 952 220,331 229,279 211, 680 202,775 171,026 148,210 129,464 130, 902
4.00
4.62
4.21
3.47
4.43
4.87
4.41
4.96
4.94
8,989
11, 927 10,838
9,446
8,297
8,529
8,911
12, 982 12, 578
3,724
3,334
4,685
4,226
4,803
2,809
3,016
3,311
'38,695
7,100
210, 200
' 56, 340
8,620
270,800
'82,800
11, 750
321, 200
111,875
12, 750
417, 450
4,346
117,497
5,450
118,926
5,279
148, 266
6,387
278, 814
4.74
8,491
3,205
4.68
9,870
3,964
4.63
10, 472
4,364
4.46
12, 260
5,490
.295
)
151, 995 r 130,672
97, 646
125, 735 136,759
160, 307 110,807
129, 480
8.26
5.18
5,101
.143
. 956
102. 020 <• 92, 177
90, 730 ' 89, 805
114. 439 87, 745
110, 775 ' 85, 978
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
__thous. of bu._ 111.174
'626
Shipments, carlot
no. of carloads..
292
Stocks, cold storage, end of month
thous. of bu...
Citrus fruits, carlot shipments
no. of carloads.. 13, 829
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 l b . .
Production (crop estimate)!
.thous. of bu._
Shipments, carlot
no. of carloads..
.523
120,749
49,649
()
20,992
23, 596
11, 683
6,546
14, 728
4,540
9, 594
10, 321
7,545
16, 208
14, 401
.146
73,400
71,300
82, 413
78,930
.145
56,725
55, 300
68, 984
65, 712
.147
39,840
39,100
62, 267
59, 698
.146
29, 410
29, 060
46, 885
44,852
.147
24,150
23,800
34,809
32, 786
.145
35.695
35,100
39, 543
38, 299
.131
46,080
45,130
45,947
45, 600
.114
51,160
49,930
61,886
61,213
.100
68,800
66,600
80, 236
79,126
.100
75, 450
73,100
78, 047
76, 646
.94
90, 800
87 200
102, 973
100,888
119,410
cf See note marked "cf" on p. S-28.
SURVEY OF CURRENT BUSINESS
August 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
Juno
S-27
1946
June
July
August
September
1947
October
Novem- December
ber
January
February
March
April
May
FOODSTUFFS AND TOBACCO—Continued
GRAINS AND GRAIN PRODUCTS
Exports, principal grains, including flour and meald"
thous. of bu.
Barley:
Exports, including maltd"
do...
Prices, wholesale (Minneapolis):
2.03
No. 3, straight
dol. per bu_
2.14
No. 2, malting
do.__
Production (crop estimate)!
-thous. of bu_ 1284, 867
8,252
Receipts, principal markets
do...
7,753
Stocks, commercial, domestic, end of month d o . . .
Corn:
1
Exports, including meald
- -thous. of bu_
11, 794
Grindings, wet process
.do...
Prices, wholesale:
2.14
No. 3, white (Chicago)._..
-dol. per bu_.
2.10
No. 3, yellow (Chicago)
do
1.95
Weighted average, 5 markets, all grades
do
Production (crop estimate)!
thous. of b u . . '2,612,809
40,223
Receipts, principal markets
do
Stocks, domestic, end of month:
11,233
Commercial
._do.
On farms!
do.
687,803
Oats:
Exports, including oatmeald*
do
1.02
Price, wholesale, No. 3, white (Chicago)-dol. per b u _
Production (crop estimate)!
thous. of bu. 11,247,454
12,182
Receipts, principal markets
do--.
Stocks, domestic, end of month:
Commercial
do... 3 5,038
259,148
Onfarmsf
_
do_.
Rice:
Exportsd"
pockets (100 lb.)__
Imports d"
do
.090
Price, wholesale, head, clean (N. 0.)
dol. per lb.Production (crop estimate)!
thous. of bu_. 1 75,485
California:
Receipts, domestic, rough
bags (100 Ib.)._ 299,875
242,090
Shipments from mills, milled rice
do
Stocks, rough and cleaned (in terms of cleaned),
end of month
bags (1001b.)._ 171,381
Southern States (La., Tex., Ark., Tenn.):
107
Receipts, rough, at mills
thous. of bbl. (1621b.)._
Shipments from mills, milled rice
246
thous. of pockets (1001b.)__
Stocks, domestic, rough and cleaned (in terms of
476
cleaned), end of mo..-thous. of pockets (100 lb.)-Rye:
3.03
Price, wholesale, No. 2 (Minneapolis)
dol. per bu_.
Production (crop estimate)!
thous. of bu._ 1 25,219
Receipts, principal markets
do
102
Stocks, commercial, domestic, end of month
do
1,024
Wheat:
Disappearance, domestic!
..do
Exports, wheat,1 including flour d*..
do
Wheat onlyd"
do...
Prices, wholesale:
No. 1, Dark Northern Spring (Minneapolis)
2.72
dol. per bu_.
2.59
No. 2, Red Winter (St. Louis)
do
2.37
No. 2, Hard Winter (K.C.)
..do....
2.56
Weighted av., 6 mkts., all grades
do
Production (crop estimate), total!
_thous. of bu._ 1,435,551
343,429
Spring wheat
do.
1,092,112
do
Winterr \wheat
Receipts, principal markets
do
i 26,156
Stocks, end of month:
70, 405
Canada (Canadian wheat)
do
3
83,444
United States, domestic, totals !
do
3 8,129
Commercial
do
3 9, 797
Country mills and elevators!
do
3
24, 591
Merchant mills._
_
do
3
40,427
On farms!
_
do
Wheat flonr:
Exports d"
do
Grindings of wheatt
_
.do
Prices, wholesale:
12.60
Standard patents (Minneapolis)!
dol. per bbl__.
11.03
Winter, straights (Kansas City)§do
Production (Census) :J
Flour
thous. of bbl._
Operations, percent of capacity..
Offal
thous. of lb__
Stocks held by mills, end of month
thous. of bbL.
41, 542
28,632
27, 347
24,134
12, 333
570
245
402
249
209
1.43
1.45
1.61
1.66
1.61
1.66
1.67
1.70
1.61
1.70
4,668
4,464
8,284
3,983
18,250
11, 554
22,046
18, 248
7,036
10, 636
2,508
9,469
997
9,977
111
10, 456
1.53
1.40
2.32
2.17
2.03
()
(a)
(a)
35,135
33, 569
42,347
48, 515
48, 370
50, 767
435
271
572
624
797
1,226
1.70
1.78
10, 241
20, 608
1.64
1.76
1.84
1.91
1.81
1.92
1.90
2.01
14.840
26,161
1.69
1.77
3 263,350
8,026
9,214
24, 510
20,985
4,806
19, 313
7,242
14,108
9,625
10,816
385
11, 652
487
12,198
2,076
12,313
5,152
12, 705
9,149
11, 701
8,045
12, 245
15,421
12,091
8, 449
8,869
20, 706
12.385
1.50
1.34
1.25
23,287,927
44,316
1.43
1.33
1.21
1.51
1.42
1.31
1.74
1.73
1.59
1.78
1.78
1.69
1.79
1.78
1.68
26, 987
1.62
1.72
1.93
1.88
1.89
1.83
2.10
1.82
1.63
1.75
1.39
1.31
11,103
23,924
16,830
11,297
18,062
40, 562
49, 913
43,643
48,169
38, 765
38, 736
15,904
496,928
11,864
11,768
4,944
153,003
4,076
14, 758
27,870
2,165,776
31, 667
34, 505
37,387
1,294,709
29,112
16,282
653
337
2,384
.78
3,872
.81
946
2,517
.85
1,703
.83
31,509,867
11,253
797
.84
323
.84
1,187
.94
656
.92
775
.99
11,543
9,412
14,667
12, 887
14, 201
7,360
6,162
6,321
536,787
5,389
4,592
5,915
25, 315
30, 832
25, 257
18,922
11,426
3,153
274,862
7,181
15, 080
20,319
1,155,691
19, 669
14,185
9,158
898,828
646, 012
3,742
.066
305, 369
3,098
.116
63, 686
13,383
.066
141,848
5,955
.072
89, 520 1,145,334
6,668
1,551
.082
1,608,421
63
.090
2
71, 520
406, 543
283,065
385, 943
239, 752
219,032
299, 916
262, 672
280, 446
144,392
25
7
495
253
439
591
486,202 1,066,049 364,156
82
1,328
18
.090
.090
.090
523, 813 352, 969
r 2,033
1,626
.089
.090
56, 399 1,363,897
52,842 491,946
901,952
704,105
860, 461
703, 634
863, 324 758,817 791,866 594,339 583,169
601,980 556, 844 393, 260 478, 230 495,971
123, 691
523, 274
452, 766
327, 526
327, 349 283, 938 410, 004 328, 858 233, 296
2,493
4,713
2,564
1,377
426
210
184
1,085
2,323
2,684
1,868
1,814
1,449
1,114
702
515
171
485
1,987
4,624
4,708
4,365
3,396
2,441
1,588
1,048
615
2.85
2.09
1.95
2.24
2.39
3.11
3.54
193"
262
"1,123
1,126
799"
1,612
2,143
2.79
» 18,685
596
2,476
2.86
72
322
""469"
2,465
322'
2,336
354
2,139
3.11
"""238"
1,878
~""l38
1,358
232,068
33, 283
23,869
25, 542
17,109
23, 552
15, 977
305, 543
19,835
10, 501
1 6 , 793
6,100
23,369
11, 563
307,603
30,920
14,995
27, 349
11,141
32, 304
12, 712
333. 064
38,660
17,542
31,495
13.250
28,060
9,111
1.90
1.94
1.86
1.90
2.22
2.11
1.98
2.03
2.06
2.03
1.94
1.99
2.10
2.08
1.96
2.05
2.20
2.14
2.04
2.14
2.33
2.25
2.10
2.23
2.25
2.33
2.09
2.18
2.31
2.40
2.26
2.28
2.71
2.81
2.69
2.67
2.64
2.74
2.68
2.62
'2.68
2.71
2.69
2.64
38,254
38, 716
35,030
131,889
119.006
41,005
76,432
53,853
46,791
'100,088
3
29, 917
T
3 8,376
8
12,838
3
41, 606
39, 487
50,903
2,003
37, 556
1,794
47, 500
1,612
51,442
9.53
9.58
11, 259
72.8
641,300
5,943
60.2
505, 660
56,113
109,
950.
103,
177,
114,
552,
723
286
595
329
463
715
54,929
2.27
2.32
2.07
2.17
21,155,715
2 281, 822
2
873, 893
36, 581
33,868
141,047
152,631
"98~392
85, 512
1,986
54, 210
60,069
2,512
57, 690
60,647
8.76
8.72
9.25
9.19
9.55
9.38
10.95
10.38
11.61
10.90
12,173
75.8
712,000
12,078
84.5
902,900
2,205
13, 298
82.7
,022,700
12, 749
89.1
)86, 350
13,368
89.5
1,043,688
3,216
90, 253
148,849
642,685
56, 256
118,991
96, 779
366,255
134
3.19
37, 807
26,345
80, 514
48,432
109,849 93, 964
308,563
44, 745 r 32, 838 24,440
61,010
' 71, 957
139,855
3,449
64, 575
11.52
11.10
4,169
57,162
11.62
11.42
4,493
63, 301
3,882
56,818
4,032
55, 744
13. 66
12.99
13.17
12. 97
12.74
12.39
15, 803
14, 238 12, 609 13. 991 12, 604 12,445
91.4
82.3
81.1
93.2
92.3
,112,708 982, 960 1,091.260 9G7. 092 930, 000
2,84:
LIVESTOCK
Livestock slaughter (Federally inspected):
Calves
_-_thous. of aminals..
621
294
542
534
364
651
656
627
591
644
678
591
521
Cattle
..do
1,207
451
1,239
1,240
360 1,103
1,348
1,264
1,352
1,203
1,228
1,403
1,143
Hogs
do
3,653
2,316
3,863
2,843
438
3,114'
5,434
3,831
3,616
5,135
3,406
5,844
3,897
Sheep and lambs
do~__
1,329
1,678
1,738
1,578 I 1,300 I 2,005
1, 529 i
1,322
1,355
1,346
1,237
1,542
1,271
1
' Revised.
° No quotation.
2 Dec. 1 estimate.
July 1 estimate.
3
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
cfData continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later
t Bata relate to regular flour only; in addition data for granular flour, collected for January 1943 to February 1946, are given in notes in the May 1946 and previous issues of the
trch-August
ii -i uv nuvm ".viuuw ""^«» w..i.vv* uj ".v wviiiiiiuun,j ^n.uii. v\Ji|./uio.Liuu siwcu uu LuiLLia m u s uvvij Kieei any woooen Dins not
t Revised series. The indicated grain series have been revised as follows: Crop estimate for oats, 1932-44, and rice; 1937-44;'other crop estimates, 1929-44; domestic disappearance
of wheat and stocks of wheat m country mills and elevators, 1934-44; corn, oat and wheat stocks on farms and total United States stocks of domestic wheat 1926-44- all revisions are
available on request.
~
SURVEY OF CUREENT BUSINESS
S-28
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in t h e
1942 Supplement to the Survey
1947
1946
June
September
June
July
August
August 1947
1947
October
Novem- December
ber
January
February
March
April
May
FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK—Continued
Cattle and calves:
Receipts, principal markets
thous. of animals._
Shipments, feeder, to 8 corn belt Statesf
do
Prices, wholesale:
Beef steers (Chicago)
....dol. per 1001b..
Steers, stocker and feeder (K. C.)
do
Calves, vealers (Chicago).
do
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
Prices, wholesale:
Lambs, average (Chicago)
dol. per 100 lb__
Lambs, feeder, good and choice (Omaha)
do
2,384
120
1,730
141
25. 87
21.11
24.00
17.30
15.72
15.88
2,329
2,565
323
3,664
730
2,875
445
2,447
233
2,404
154
1,950
98
2,290
161
2, 183
131
23. 57
16.42
18.19
23.64
16.30
18.38
23.19
17.63
18.20
22.16
17.68
22.13
21.94
18. 96
22.88
23. 30
20.13
22.90
22.93
19.91
20. 38
17.10
21.71
15.51
16.44
1,923
388
17.99
15.99
16.15
1,355
3,070
1,832
293
2,208
3,244
2,993
3,469
2,304
2,017
2, 245
22.06
12.6
14.77
10.1
17.94
8.6
20.84
11.6
16.25
9.1
22.82
13.5
24.07
18.0
22.87
18.6
22.45
18.0
25.70
19.4
27.10
17.6
23.49
\ 14.9
1,982
134
2,521
76
2,286
98
2,187
338
3,660
941
1,966
304
1,495
121
1,669
171
1,406
198
1,293
133
1,506
, 136
24.25
16.75
0)
20.38
20.50
16.53
2,542
865
19.00
17.26
23.00
17.90
22. 25
17.77
23.25
18.00
23.25
19.45
23.12
20.18
23.12
21.22
21. 25
19.56
189
797
496
31
30
220
1, 581
118
1,286
389
40
27
61
351
258
22
19
13
1,245
297
26
21
32
1,742
442
39
26
40
1,724
623
56
36
42
1,954
854
68
54
58
1,434
854
68
57
56
1,393
857
71
64
57
1,438
843
67
67
39, 738
29, 912
20,926
19, 691
2,535
0)
3,121
176
21.36
15.53
0)
MEATS
Total meats (including lard):
Exports§
...mil. of Reproduction (inspected slaughter)
do
Stocks, cold storage, end of inonth®^ 1
do
Edible offal®
do
Miscellaneous meats and meat products®
do
Beef and veal:
Exports§
thous. of lb_.
Price, wholesale, beef, fresh, native steers (Chicago)
dol. per lb._
Production (inspected slaughter)
thous. of lb._
Stocks, cold storage, end of m o n t h ® ^
...do
Lamb and mutton:
Production (inspected slaughter)
do
Stocks, cold storage, end of month® c?1
do
Pork, including lard, production (inspected slaughter)
thous. of lb_.
Pork, excluding lard:
Exports§
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®c?
do
Lard:
Exports!
do
Price, wholesale, refined (Chicago)
dol. per Reproduction (inspected slaughter)
thous. of lb__
Stocks, cold storage, end of monthcT
do
1,490
774
66
54
.408
670, 038
118, 622
532
828
3,475
8,377
7,024
17,401
.203
.382
.235
.319
.409
275, 752 674, 964 664, 848 210, 423 590, 798 689,827
64, 521 111,091
67, 850 68, 444 101,825 79,051
.415
705,974
169,271
.384
757, 702
192, 660
.362
631,697
195,820
.371
681, 465
201,209
.370
679, 933
175, 724
64, 591
15,696
58,723
16, 893
68, 215
17,114
57, 380
16, 554
57, 648
14,110
60, 737
10, 808
987, 245 959, 053 1,128,378
54, 823
65,149
10, 378
756,848
456,591
.195
146, 690
171, 540
POULTRY AND EGGS
Poultry:
.244
Price, wholesale, live fowls (Chicago)
dol. per lb._
Receipts, 5 markets
thous. of lb_. 34, 800
171,
679
Stocks, cold storage, end of monthef
do
Eggs:
Dried, production*
do
.414
Price, wholesale, U.S. standards (Chicago)* -dol. per doz. _
Production!
millions. _ 5,202
Stocks, cold storage, end of month:d"
4,178
Shell
thous. of cases..
Frozen
thous. of lb._ 236,292
68,844
9,108
65,053
13,135
54,268
8,844
84,170
10,602
837, 553 555,686
745,090
653,686
697,129
6,635
5,040
3,768
6,587
7,173
.265
.554
2.522
.404
.476
.512
728,
500
462, 454 757, 765
142, 912 209, 946 276, 232
3.609
.427
827, 411
399, 473
2.529
.509
555,330
399,317
2.614
.505
484,593
397, 794
2.546
.508
521,406
394,421
85,991
570,068
42,219
12, 737
1,076
.265
.410
.503
.419
.266
.514
667,
522
360, 342
425,735
322,433 299,755 168,861
.265
.333
47, 624
2.572
.529
556, 305
355, 489
39
49, 412
71,181
99,859
1,305
57, 689 52, 555
.148
0)
69,837 123,348
34, 910 43,590
27, 665
.350
94, 780
37,969
11,679
.190
10, 665
30, 021
8,268
.190
77,888
31,513
16,647
.392
167,381
40,623
168,326
68, 756
25,074
.260
220, 245
122,988
38, 760
.298
138,683
117, 557
37,884
.338
123,637
109,254
28, 041
.300
128, 445
127, 680
.269
.283
32,865
38,138
173, 905 178,842
.265
43,162
207,137
.307
61,131
184,841
.298
89,972
261,006
.242
72,952
301,030
.266
65,114
316, 577
.242
27,631
316,792
.266
23, 641
283,825
.299
27,199
242,485
.292
26, 255
208, 256
11,151
.346
3,679
4,735
.406
3,295
2,900
.420
3,190
2,585
.406
3,110
3,946
.388
3,765
11, 744
.388
4,568
12, 749
.378
4,813
11,031
.418
6,171
9,067
.425
6,328
5,738
3,585
7,960
1,717
767
236, 256 207,244 168, 591 132, 664 102,437
287
80,800
221
73, 564
508
98,718
1,742
153, 876
16,553
.332
5,085
13,864
.340
4,284
9,871
265,050
9,537
260,101
20, 521
0)
MISCELLANEOUS FOOD PRODUCTS
39, 505 54,122 56, 287 56, 850
53, 439
55,919
30, 467 24,678 34,056
56, 850
Candy, sales by manufacturers
..thous. of dol._ 43, 684
58, 249
9,405
12,237 25,027 r 46, 248 20,390
13,942
14,409
19,433
38, 078
14,048
Cocoa, imports§
long tons..
15,382
Coffee:
814
1,448
1,109
1,573
1,312
1,635
1,416
1,184
1,178
1,057
1,524
Clearances from Brazil, total—
.thous. of bags..
1,341
484
902
721
946
1,163
970
837
677
729
545
1,081
To United States...
do.
818
1,480
1,237
1,612
1,804
1,947
1,401
2,298
' 2, 044
1,716
2,103
Imports§
do
1,663
.263
.206
.221
.221
.241
.272
.134
.258
.264
.269
.253
Price, wholesale, Santos, No. 4 (N. Y.)._dol. per lb__
.277
2,122
2,080
2,142
2,182
1,931
1,467
2,319
1,357
1,584
1,132
1,385
Visible supply, United States
..do...
1,335
Fish:
53,727 53,786 35,025 24, 645 15,365
17,003
68,023 66,854 46,776
30, 725
Landings, fresh fish, 4 ports
thous. of lb.
29,103
97,806 126,837 152, 403 147,085 149,549 158,486 152, 803 127,381
97,939
70, 202
90, 600
Stocks, cold storage, end of month
do._.
78, 242
Sugar:
Cuban stocks, raw, end of months
1,310
1,700
2,059
712
553
r 2, 226
1,019
373
3,292
3,642
342
thous. of Span, tons..
2,109
T
Revised. l No quotation. 2 Prices beginning December not strictly comparable with earlier data; comparable figure for November 1946, 0.545.
§Data continue series shown in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
cTCold storage stocks of dairy products (p. S-26) meats, poultry, and eggs include stocks owned by the U. S. Dept. of Agriculture and other Government agencies, stocks held
for Armed Forces stored in warehouse space not owned or operated by them and commercial stocks; stocks held in space owned or leased by the Armed Forces are not included.
®See note in May 1946 regarding changes in the indicated series made in that issue and an earlier change beginning June 1944.
• Data beginning in the May 1943 Survey are from the U. S. Department of Labor. Quotations beginning July 1943 have been for U. S. Standards; they are approximately comparable with earlier data for fresh firsts.
1 For data for December 1941-July 1942 see note in November 1943 Survey.
•New series. Data for 1927-43 for dried eggs are shown on p. 20 of the March 1945 Survey.
fRevised series. The hog-corn ratio has been shown on a revised basis beginning in the March 1943 Survey; revisions for 1913-41 will be shown later. The series for feeder shipments of cattle and calves and sheep and lambs were revised beginning 1941 to include data for Illinois; revisions for 1941-42 are shown on p. S-27 of the August 1943 Survey. Data for
egg production have been revised for 1940-45; revisions are shown on p . 24 of the June 1947 Survey.
SURVEY OF CURRENT BUSINESS
August 1047
1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
June
S-29
1946
June
July
August
September
1947
October
Novem- December
ber
Januber
February
March
April
May
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS-Con.
Sugar—Continued
United States:
Deliveries and supply (raw value):*
Deliveries, total
__
.short tons.. 983, 474
975, 552
For domestic consumption
do
7,922
For export
-do
Production, domestic, and receipts:
544,243
Entries from off-shore areas
do
Production, domestic cane and beet
do
Stocks, raw and refined, end of month
do
Exports, refined sugar§
do
Imports: §
Raw sugar, total
do
From Cuba
do
Refined sugar, total
do
From Cuba
do
Receipts from Hawaii and Puerto Rico:
Raw
_.do
Refined
_do
Price, refined, granulated, New York:
.096
Retain
_dol. perlb._
.081
Wholesale
do
Tea, imports§
thous. of lb._
TOBACCO
Leaf:
Exports, incl. scrap andstems§
thous. of lb__
Imports, incl. scrap and stems§
...do
Production (crop estimate)
mil. of lb._ 3 2,101
Stocks, dealers and manufacturers, total,
end of quarter
do
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
Cigarette tobacco
_.do
Manufactured products:
Consumption (withdrawals:)
Cigarettes:
Tax-free*
_
..millions.29,097
Tax-paid
do
Cigars, tax-paid
thousands.. 432, 527
Manufactured tobacco and snuff, tax-paid-thous. of lb _. 18,791
Exports, cigarettes §
millions._
Price, wholesale (list price, composite):
6.509
Cigarettes, f. o. b., destination
dol. per 1,000..
Production, manufactured tobacco, totaL.thous. of lb.
Fine-cut chewing
do__.
Plug
do...
Scrap, chewing
do...
Smoking
do__.
Snuff
.
.do...
Twist...--.
do...
456, 566 498,073 330, 256 624,282 509,612 522,621
418, 790 482, 722 299, 237 •598,188 497,223 484,691
37, 776 15, 351 31,119 ' 26,094 12,389 ' 37,930
598,604
526, 605
71,999
590,347
533,875
557, 235 561, 695 521,428
33,112 47,188
12,447
478,311
9,613
955,031
61,897
189, 418
179,666
15,001
15,001
402, 299 297, 275 233,063 223,781 257,017 243,687 335, 229 568,794 605, 349 655,186
49, 780 94, 691 483, 532 642, 633 437, 471 106,885 49,365 22,114 14, 634 16,512
671, 491 519,727 832,071 1,209,820 1,441,531 1,317,262 1,384,012 1,316,068 1,426,199 1,598,070
15, 221 34,877 10,956
3,280
6,734 24,968 22,095
33,844 22, 546
29,826
267, 460 157,171 126,958 97,960 180,167 210, 784 219,672 275, 488 313,067 391,051 300,783
267,460 145,072 116, 529 92,812 180,167 210, 784 219, 669 275, 487 313,067 391,049 300,782
52,956 45,964
47,349
49,932 30,294 35, 099 23,647 16,160 15,913
19, 416 46,621
47, 349 49,932 30,294 35,098 23, 647 16,160 15, 559 19, 416 46,618 52.956 45,964
160,827
30,150
179,922
4,750
209,662
1,709
128,747
4,774
76,424
1
2,500
5,004
42,816
2,751
15, 694
3
.074
.059
1,540
.074
.060
1,336
.075
.060
6,350
.076
.067
()
.074
3,846
.092
.076
16, 286
.095
.078
11,486
.095
.079
12,891
40, 692 107, 892 136, 667 182,956
3,802 25, 761 17,444 23,795
.095
.096
.096
.081
.080
.080
.081
4,963
11, 498
4,105
2,508
60, 740
4,861
36,970
5,381
39,595
5,608
50,322
6,031
54, 383
94,129
6,551
60, 861
4,817
2,312
55,059
30,930
54, 612
4,912
396,831
392,018
4,813
482,194
475,921
6,273
460,172
13,173
824,641
47,191
!,853
196
2,168
4
49, 018
5, 632
3,282
3,552
327
165
2,389
3
303
159
2,683
3
372
253
2,773
4
26
87
36
97
37
113
2,445
26,360
452,180
21,084
2,427
2,487
25,440
439,396
20,949
1,832
2,665
28,953
500,572
22,733
1,967
1,944
26,865
457,703
21.671
1,125
2,561
32,778
588,067
25,631
1,139
6.255
21,092
302
4,280
3,635
9,395
3,022
458
6.255
21,078
326
4,657
3,968
8,909
2,721
497
6.255
22,868
374
4,631
4,437
9,486
3,429
511
6.255
21.672
311
4,361
3,860
9,618
3,061
461
6.424
25,674
348
4,821
4,627
11,676
3,640
561
3,165
2,959
3,519
27,696 22, 695 28,451
546,949 465, 769 510,264
22,728 17,636 20,124
1,523
2,714
1,438
33,867
5,192
23,102
4,848
2,713
3,243
2,966
2,805
26, 338 26, 336 27,493 25,068
446, 042 426, 785 416, 270 473,968
17,389 18, 743 19,716 16,111
2,480
2,473
1,667
1,094
6.509
23,236
315
4,096
3,794
11,266
3,303
462
6.509
18,361
296
3,500
3,425
7,410
3,332
6.509
17, 712
272
3,762
3,327
6,961
2,948
442
6,509
19,212
248
3,592
3,429
8,310
3,200
434
6.509
19,885
337
3,762
3,302
8,799
3,246
438
6.509
20,107
311
4,380
3,680
7,789
3,447
LEATHER AND PRODUCTS
HIDES AND SKINS
Livestock slaughter (see p. S-27).
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
.231
.638
13, 667
11
41
1,271
3,268
19, 775
35
83
2,496
5,124
15, 384
20
105
2,640
3,171
16, 788
48
150
1,864
3,738
19, 238
124
140
2,273
2,419
30,921
59
306
4,454
2,540
25,229
126
206
3,239
2,157
18,198
59
118
2,683
1,833
13, 589
31
122
2,113
1,369
10, 771
41
31
2,715
1,052
10, 830
22
29
3, 299
'1,318
14,017
35
51
3,039
2,013
.155
.218
.239
.155
.218
.155
.218
.155
.218
.435
.276
.414
.238
.396
.231
.475
.228
.625
.220
.514
.223
.534
655
488
3,280
307
186
2,264
364
25
2,011
640
17
51
20
1,107
146
5
1,899
71
90
2,512
626
153
3,099
189
225
4,359
358
95
3,906
471
40
3,907
148
59
3,761
LEATHER
Exports: §
Sole leather:
Bends, backs and sides..
Offal,, includingg beltingg offal.
lth
Upper leather
thous. of lb_
do
square feet__
Production:
832
981
755
959
1,011
844
'1,104 ' 1,088 '1,066 r 1,130
801
1,011
Calf and kip
thous. of skins-.
1,909
2,052
2,184
2,073
2,174
2,150
2,464
2,426
2,098
2,512
' 2, 559 2,472
Cattle hide
thous. of hides..
1,739
2,598
2,412
1,761
2,849
1,656
2,304
2,506
1,537
2,954
3,038
3,046
Goat and kid
thous. of skins..
3,702
3,341
4,558
3,667
3,951
3,388
3,529
3,584
4,088
2,943
' 2,882
2,675
Sheep and lamb
do
1 Data beginning January 1946 reflect4 a change in the sample rand in the method of summarizing reports; January 1946 figure comparable with earlier data is $0,064.
2 No quotation. 3 j u i y i estimate. December 1 estimate. Revised.
§ Data continue series published in the 1942 Supplement but suspended during the war period (it should be noted that data for sugar are shown in long tons in that volume);
data for October 1941-February 1945 will be published later.
* New series. The new sugar series include raw and refined sugar in terms of raw (see also note in the April 1945 Survey). The new series for tax-free withdrawals of cigarettes is from the Treasury Department, Bureau of Internal Revenue, and includes withdrawals of small cigarettes for export and for consumption outside the United States; taxfree withdrawals were comparatively small prior to the war period. Monthly data beginning July 1943 are shown on p. S-29 of the March 1947 Survey.
SUEVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
1946
June
September
June
July
August
August 1947
1947
October
Novem- December
ber
January
February
March
April
May
LEATHER AND PRODUCTS—Continued
L E ATHER—C ontinued
Prices, wholesale:
Sole, oak, bends (Boston)t
dol. per lb_
Chrome, calf, B grade, black, composite
dol. per sq. ft.:
Stocks of cattle hides and leather, end of month :t
0)
.462
.675
.470
.470
.470
.770
1.069
.536
.570
.558
.565
.565
.902
1,701
776
1,159
342
289
459
4.80
3.92
44, 957
315
44, 642
627
4.80
4.07
37, 021
139
36,882
536
5.37
4.18
46, 236
172
46, 064
486
5.37
4.26
41, 651
140
41, 511
330
5.37
4.26
47, 469
171
47, 297
394
6.50
4.26
40, 752
196
40, 556
395
6.50
4.90
39, 068
32, 815
1,752
2,960
4,379
8,703
15, 021
5,304
5,708
188
26, 504
1,502
2,456
3,346
7,662
11,538
4,693
4,980
169
32,117
1,720
2,838
4,119
8,692
14, 748
6,679
6,563
219
30,022
1,607
2,575
3,727
7,901
14, 212
5,279
5,681
199
34,194
1,743
2,962
4,183
8,874
16, 432
5,173
7,234
302
30, 011
1,588
2,555
3,831
8,153
13,884
4,304
5,606
240
2,274
765
166
28
571
1,509
156
192
1,161
2,024
652
141
18
493
1,372
116
159
1,097
2,255
806
175
25
606
1,449
125
186
1,138
2,103
737
153
18
566
1,366
119
175
1,072
2,549
882
167
20
695
1,667
143
197
1,327
2,282
757
145
15
597
1,525
112
164
1,249
0)
.950
.958
0)
0)
1.017
1.015
537
'631
LEATHER MANUFACTURES
Boots, shoes, and slippers:
Exports§
.thous. of pairs.
Prices, wholesale, factory:cf
Men's black calf oxford, corded tip.._dol. per pair_
Women's plain black kid blucher t
do
Production, totals
thous. of pairs.
Government shoes
do
Civilian shoes, total
do
Athletic
do__.
Dress and work shoes, incl. sandals and playshoes:
Leather uppers, total
thous. of pairs.
Boys' and youths'
__do.._
Infants'
do.-_
Misses' and children's
_
do...
Men's
do
Women's
do...
Part leather and nonleather uppers
__do...
Slippers and moccasins for housewear
do
All other footwear
do...
Gloves and mittens, production, total*
thous. doz. pairs.
Dress and semi-dress, total
do
Leather
_do.-_
Leather and fabric combination
do_._
Fabric
do...
Work, total
do...
Leather..
do
Leather and fabric combination
do._.
Fabric
do...
6.00
4.90
464
494
397
6.25
4.90
41, 051
(2)
41,051
354
6.00
4.90
38, 255
(2)
38,255
315
6.00
6.00
4.90
4.90
40, 429 ' 39, 525
2
()
40, 429 ' 39. 525
375
352
31, 884
1,761
2,632
4,034
8,947
14, 510
3.461
2,915
213
34,957
1,676
2,969
4,636
9,170
16,506
3,092
2,475
173
33, 295
1,518
2,720
4,442
8,536
16,079
2,336
2,176
133
35, 690
1,505
2,875
4,810
9,067
17,433
2,077
2,146
164
•34,879
'1,449
2,708
4,690
' 9,191
• 16, 841
' 1,751
' 2,364
' 158
2,103
628
102
9
516
1,476
98
178
1,200
2,251
576
97
9
470
1,675
95
195
1,385
2.086
540
87
8
445
1,546
••93
192
1,261
2,261
588
87
8
493
1,674
95
205
1,374
' 2, 462
'581
86
3
'491
1,882
95
230
1,557
691
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
56,871
10, 290
44,968
76,930
43, 784
13,876
27,825
109,970
54,365
12,633
35,001
123,411
44, 725
15,331
26,823
111,685
23, 802
4,329
17, 485
131, 669
38,251
7,183
30,103
117,696
81, 976
28,614
45,149
123,816
79,720
20,537
54, 377
109,414
76,403
22,656
52,062
111, 718
114, 345
27, 255
75, 572
133,390
88,468
16,610
63,109
93,070
2,749
656
2,093
2,605
614
1,964
3,753
959
2,794
2,753
694
2,059
2,594
590
1,968
3,854
1,013
2,841
2,934
774
2,160
2,710
630
2,026
4,068
1,125
2,943
2,742
794
1,948
2,500
583
1,862
4,282
1,260
3,022
2,946
829
2,117
2,727
698
1,953
4,540
1,369
3,171
2,533
698
1,835
2,418
570
1,785
4,652
1,453
3,199
2,303
604
1,699
2,326
542
1,723
4,645
1,474
3,171
2,214
583
1,631
2,414
590
1,824
4,323
1,421
2,902
2,403
612
1,791
2,378
598
1,780
4,346
1,420
2,926
2,578
623
1,955
2,389
507
1,882
4,456
1,427
3,029
2,732
632
2,100
2, 560
530
2,030
4,537
1,470
3,067
M bd. ft_
_..do.-do.-_
__.do-_do...
2,750
6,250
2,550
2,700
2,425
2,300
5,750
2,375
2,375
2,375
3,560
6,150
3,100
3,125
2,475
2,550
5,425
2,925
3,375
2,425
3,750
5,700
3,400
3,425
2,200
3,250
5,250
3,475
3,625
1,975
4,350
6,100
3,950
3,700
1,950
3,850
5,550
3,900
4,375
1,650
5,200
7,450
3,875
3,625
1,850
5,825
8,375
4,050
4,400
1,625
5,825
9,500
4,675
4,725
1,500
do
_do.-do
do...
..do
15, 426
31,158
17, 239
17,639
5,162
20,247
31, 657
20, 838
19,747
6,081
18,931
30, 055
22,860
24, 734
4,209
22, 851
• 47, 861
27,527
27, 331
' 4,404
29,212
42,190
35,922
34,882
4,738
29,245
41,800
34,079
33, 065
5,752
29,194
41, 249
33,955
31.248
7,431
41,521
41, 523
40, 253
41, 247
5,730
33,893
40,157
37,976
37, 733
5,978
42,075
39, 970
42,944
42,260
6,032
41, 284
38,418
47, 361
46,140
7,016
FLOORING
Maple, beech, and birch:
Orders, new
Orders, unfilled, end of month
Production
Shipments
Stocks, end of month
_
Oak:
Orders, new
Orders, unfilled, end of month
Production..
Shipments
_.
Stocks, end of month
_
SOFTWOODS
Douglas fir:
22, 271
30,020
18, 710
20,478
6,233
2,138
37, 421
44,931
36,872
Exports, total sawmill products§
M bd. ft.
65, 073
38,948
5,845
9,256
2,632
6,011
10, 041
654
20,629
15,305
12, 695
Sawed timber§
„_
do.-.
9,364
21, 356
22,682
13,015
3,601
13,112
1,484
10,453
16, 792 29,626
24,177
Boards, planks, scantlings, etc.§
do...
29, 584
43, 717
Prices, wholesale:
Dimension, No. 1, common, 2" x 4" x 16'
47.824
dol. per M bd. ft.. 62. 230 41. 528 42.630 42.630 42.630 42. 630 43.855
51.940
58. 800
62. 230
60.270
58.310
59.780
59.780
59.780
59. 780
59. 780
Flooring, B and better, F. G., 1" x 4", R. L. ..do
72. 520 85.505
94.080
91. 630
94. 080
Southern pine:
9,565
10,861
16, 384
11,716
5,317
21,360
Exports, total sawmill products!
M bd. ft.
15,885
11,842
20,159
19,041
17,511
2,035
2,703
5,260
4,080
1,034
4,955
Sawed timber§
do...
4,880
2,007
8,214
4,441
4,341
6,862
11,124
7,636
4,283
16, 405
Boards, planks, scantlings, etc.§
do.-.
11, 005
9,835
11,945
14,600
13,170
^Publication
of data discontinued by the compiling agency.
r
2
Revised.
i No quotation.
Data not collected separately; included with data for civilian shoes.
§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 These data continue series published in the July 1944 and earlier issues of the Survey which provide data through May 1944; the series for women's shoes was substituted in the
June 1943 Survey for the series for colored elk blucher formerly shown. Data for June 1944 to May 1946 are as follows: Men's black calf oxford—June 1944-December 1945, $4 60; January 1946, $4.76; February-May 1946, $4.80; Women's black kid—June 1944-October 1945, $3.50; November 1945, $3.69; December 1945. $3.75; January-March 1946, $3.75; April and May
1946, $3.92.
^See note for boots and shoes at the bottom of p. S-23 of the July 1945 Survey regarding changes in several classifications and note marked " $ " on p. S-28 of that issue regarding
other revisions; revisions for January-May 1943 and 1945 and January-April 1944, which have not been published, will be shown later.
*New series. The series for gloves and mittens were first included in the May 1946 Survey; see note in that issue.
fRevised series. The price for sole oak leather has been shown on a revised basis beginning in the October 1942 Survey; revisions beginning July 1933 are available on request.
There have been unpublished revisions in the January 1944-April 1946 data for the lumber series and also earlier revisions which have been published only in part (see note in the
April 1946 Survey); all revisions through April 1946 will be shown later; recent revisions resulted from adjustment of the monthly series to 1945 production data compiled by the
Bureau of the Census. See note marked "&" above regarding the price series for women's shoes.
SURVEY OF CURRENT BUSINESS
August 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
June
S-31
1946
June
September
July
1947
October
Novem- December
ber
January
February
March
586
551
618
553
April
May
LUMBER AND MANUFACTURES—Continued
SOFTWOODS—Continued
Southern pine—Continued
Orders, newf
mil. bd. ft
Orders, unfilled, end of monthf
do
Prices, wholesale, composite:
Boards, No. 2 common, 1" x 6" or 8" x 12't
dol. per M bd. ft._ 64. 333
Flooring, B and better, F. G., 1" x 4" x 12-14't
dol. per Mbd. ft.. 130.683
Production!
mil. bd. ft
Shipments!
do
Stocks, end of montht
do
Western pine:
Orders, newf
do
Orders, unfilled, end of month\
do
Price, wholesale, Ponderosa, boards, No. 3 common,
54.36
1" x 8"
dol. per M bd. ft
Production!
...mil. bd. ft._
Shipments!
do
Stocks, end of month!
do
West coast woods:
Orders, new!
do
Orders, unfilled, end of month. .
do
Production!
do
Shipments!
_
_
do
Stocks, end of month
do
544
701
602
679
576
633
593
651
601
642
547
633
46. 029
46. 083
46.083
46. 083
46. 083
53.182
67.163
71. 656
72. 530
71.460
65. 091
610
589
1,081
65.091
625
624
1,082
65.091
625
622
1,085
65.091
567
575
1,077
65.091
668
610
1,135
74. 723
589
556
1,168
96. 546
610
565
1,213
106. 782
578
£97
1.294
109. 979
686
600
1,280
120.104
681
616
1,345
558
298
583
276
634
258
605
283
580
288
489
275
436
269
461
302
385
278
530
353
540
357
449
247
40.07
666
595
835
40.93
671
604
901
40.19
737
649
987
40.35
••632
r
577
1,041
40.38
625
573
1,092
40.36
491
501
1,083
43.30
394
440
1,038
45.60
329
428
939
48 51
346
409
876
50.99
420
455
841
52.71
534
536
839
54. 69
653
559
933
477
559
546
532
378
492
545
507
493
378
514
554
526
496
403
448
538
487
468
420
536
576
'534
'493
462
445
544
503
484
475
451
514
461
489
448
582
523
507
576
377
618
577
529
548
379
723
685
598
569
410
529
646
584
586
374
••544
595
'604
'607
397
121,412
125,068
24,391
99, 747
92, 288
34,189
126,974
124,891
33,842
129,270
128,086
35,560
149,600
149, 583
34,959
129,635
128,691
34,984
121, 816
129, 727
26,882
140, 058
136,064
30, 712
129, 622
127, 668
31,995
139, 779
140,457
32,146
62
59
68
68
72
73
70
74
73
78
78
2
40
147
69
37
1
53
137
62
33
3
47
141
71
39
2
35
137
70
40
3
53
141
72
42
6
27
130
75
38
17
28
120
77
36
78
75
82
82
506
574
588
665
r
631
544
565
449
' 67. 790
r 65. 694
130. 683 -130.683
726
693
640
660
1,398
1, 464
SOFTWOOD PLYWOOD
Production*
thous. of sq. ft., %" equivalent
Shipments*
do
Stocks, end of month*
do
139, 623
142, 975
31,481
148, 027 r 142, 070
143, 295 r 141, 491
35, 591 ' 35, 618
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
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade: §
Iron and steel products:
Exports (domestic), total
short tons.
Scrap
do...
Imports, total
_
_
do___
Scrap
_
do.-_
394, 382
18,568 11,620
64,969 131,022
3,409
103
513,595
10,893
119,664
763
9,244
124,453
1,896
293,451
7,187
110,767
207
480,752 509,444 549,198 480,975 637,446 641, 723 657, 852
16,258 15,671
8,381
9,082 10.160 18,175
4,694
143,378 102, 686 137, 556 129, 994 162,150 239,154 137, 604
2,184
1,159
1,690
3,058
3,478
1,018
1,511
Iron and Steel Scrap
Consumption, total*
thous. of short tons.
Home scrap*...
_
do...
Purchased scrap*
_
_do___
Stocks, consumers', end of month, total*
.do...
Home scrap*
__.do___
Purchased scrap*
_do_._
Ore
Iron ore:
All districts:*
Production
thous. of long tons.
Shipments
...do...
Stocks, end of month
do...
Lake Superior district:
Consumption by furnaces
do
Shipments from upper lake ports
do
Stocks, end of month, total
_do.
At furnaces
do.
On Lake Erie docks
_
do.
Imports§
do.
Manganese ore, imports (manganese content) §..-do.
6,500
11, 457
21, 746
19, 594
2,152
4,214
2,074
2,140
4,110
1,269
2,841
4,476
2,382
2,094
3,660
1,267
2,393
4,670
2,594
2,076
3,324
1,142
2,182
4,449
2,467
1,982
3,258
1,192
2,066
4,907
2,705
2,202
3,163
1,184
1,979
4,579
2,535
2,044
2,992
1,121
1,870
4,239
2,193
2,046
3,034
1,158
1,876
4,900
2,717
2,183
2,886
1,063
1,823
4,503
2.406
2,097
3,032
1,061
1,971
5,136
2,689
2,447
3,366
1,109
2,257
8,850
9,914
5,367
11,612
12,215
4,764
11,090
11,083
4,770
10,742
10,546
4,966
9,917
9,965
4,860
6,605
6,830
4,607
2,274
1,193
5,688
2,698
1,251
7,135
2,591
1,322
8,404
2,846
1,425
9,825
6,575
7,216
9,212
10, 981
11, 755
8,438
4,995
8,654
26,265
23,247
3,018
173
34
6,460
10,848
30,439
27,131
3,307
340
72
6,738
9,774
34,067
30,450
3,617
371
62
6,380
9,636
37,573
33,464
4,109
402
70
6,625
9,209
40,435
35,762
4,674
386
69
6,131
6,701
41,919
37,063
4,857
329
77
5,516
247
37,465
33,056
4,409
237
55
7,024
0
30, 514
26, 744
3,770
223
76
6,264
0
24, 317
20,938
3,379
198
45
6,979
0
17, 411
14, 755
2,656
233
32
6,579
4,448
13, 555
11, 738
1,816
263
64
6,885
10, 373
17,618
15, 541
2,078
439
46
Pig Iron and Iron Manufactures
Castings, gray iron:*
Shipments, total.
..short tons._ 1,038,356 757, 268 840,004 973, 232 937, 401 1,077,838 987, 069 909,195 1,077,820 1,009,970 1,089,828 1,097,150 1,097,307
"6,874 442,473 487,458 567,164 540, 649 626, 273 561, 626 514,415 632,789 583, 252 633,844 636, 708 633, 013
For sale
_
.do
2,710,918 2,640,430 2,708,385 2,814,430 2,897,105 2,952,705 2,940,199 2,979,658 3,021,141 2,986,741 2,979,326 2,907,694 2,782,706
Unfilled orders for sale
do
Castings, malleable iron:d*
28, 996
31, 972 39,388 34,157 41,935 44, 369 50,140 36,802 28, 542 34, 517 55, 938 50,194 41, 994
Orders, new, for sale
_
do
248, 798 275,845 271,981 272,571 277, 309 280,972 278,446 267, 661 259, 764 274. 018 280, 724 275,415 262, 117
Orders, unfilled, for sale
do
75, 478
78, 524 61,650 64,446 67,903 69,507 79,207 68,987 68, 314 75,898 74,716
76,614 81, 890
Shipments, total
do
42, 294
47, 303
45, 291 35,468 38.021 41,345 39,631
46, 477 39,328 39, 327 42,414 41, 684
For sale
do
f
Revised.
c? Since May 1944 the coverage of the malleable iron castings industry has been virtually complete; see note in the February 1947 Survey for further information.
§ 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.
* New series. For data beginning September 1941 for softwood plywood see p. 16 of the September 1944 Survey. For description of the series on scrap iron and steel and 1939-40
data, see note marked " • " on p. S-29 of the November 1942 Survey. The series for iron ore, all districts, are from the Department of the Interior, Bureau of Mines, and cover the
entire industry, monthly data beginning 1943 and earlier annual totals will be shown later. Data for 1943-45 for gray iron castings are shown on p. 24 of the January 1947 Survey.
1 Revised series. See notes marked "f" on p. S-31 of the February 1947 Survey and p. S-29 of the April 1946 issue regarding unpublished revisions in data prior to 1945 for the
indicated series on lumber production, shipments, orders, and stocks; new orders, production and shipments have been further revised beginning 1945 to conform with Bureau of the
Census production data for that year; all revisions through April 1946 will be published later. The Southern pine price series are shown on a revised basis beginning in the
February 1946 Survey; see note in that issue.
SURVEY OF CUEEENT BUSINESS
S-32
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Surrey
1946
1947
June
August 1947
June
July
August
September
1947
October
Novem- December
ber
January
February
March
April
May
METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Pig Iron and Iron Manufactures—Continued
Pfg iron:
Consumnt'on*
thous of short tons
Prices, wholesale:
Basic (furnace). _
._
dol. per long ton..
Composite
do
Foundry, No. 2, f. o. b. Neville Island*
do
Production*
thous. of short tons. _
Stocks (consumers and suppliers'), end of month*
thous of short tons
Steel castings :f
Shipments total
>
short tons
For sale total
do
Railway specialties
- do .
8teel forgings:*
Orders, unfilled, for sale, total
do
Drop and upset
- do _
Press and open hammer _ _ _. . .
do . . _
Shipments total
do
Drop and upset, total
.
_. do __
For sale
do
Press and open hammer, total
do
For sale
do
Steel consumed in production of forgings
do
Steel ingots and steel for castings:
Production ._
-thous. of short tons. .
Percent of capacity §
- ._*..
Prices, wholesale:
Composite, finished steel
dol. perlb__
Steel billets, rerolling (Pittsburgh) dol. per long ton..
Structural steel (Pittsburgh)
dol per lb
Steel scrap (Chicago)
dol. per long ton
33. 00
33.81
33. 50
4,810
3,623
4,560
4,696
4,571
4,812
4,424
3,888
5,037
4,467
5,015
28.00
28.67
28. 50
3,682
28.00
28.73
28.50
4,705
28.00
28.73
28.50
4,898
28.00
28.73
28.50
4,687
28.00
28.73
28.50
4,815
28.00
28.73
28.50
4,435
29.60
30.12
30.50
3,992
30.00
30.86
30. 50
5,087
30.00
30.86
30.50
4,550
33.00
33.55
33.50
5,123
821
810
771
830
881
687
668
674
735
777
139,029
101,140
28, 699
125, 612
92, 822
28, 212
33.00
33.81
33. 50
4.830
33.00
33.81
33. 50
5,081
134,909
99, 701
27,125
144.175
106,127
29,185
140, 874
103,77C
28, 850
139,031
103,888
31,879
121,522
89, 533
25, 529
117,528
82, 975
22, 405
129,666
94, 063
24, 712
126,471
90, 567
25,910
137,304
98, 265
25, 619
130,606
93, 878
27, 425
123,907
88, 136
22,108
638, 535
522, 096
116, 439
200, 656
152, 664
82,100
47, 992
29,948
290, 018
635, 004
512, 272
122,732
164,921
117, 299
59, 705
47,622
33, 457
226, 864
661, 277
532, 401
128, 876
168, 319
124, 718
59,941
43, 601
26, 640
230, 238
666, 360
537, 815
128, 545
184, 286
136,124
73, 338
48,162
35, 086
259,158
670, 523
543,831
126,692
173, 934
132, 544
72,136
41, 390
29, 851
247, 234
736,482
603, 833
132,649
203,410
154, 277
82, 796
49,133
35, 901
289, 518
726, 733
595, 359
131, 374
183,856
134, 363
73,124
49,493
34, 988
254, 026
707, 060
579, 778
127, 282
187, 375
138, 567
75, 360
48,808
34, 986
259, 953
723,158
591, 558
131, 600
199,589
145, 943
79, 061
53, 646
37, 013
294, 594
713,909
581, 337
132, 572
195,681
148,166
78,560
47, 515
32, 444
286, 656
717,428
586, 992
130, 436
205,085
156, 724
83, 743
48, 361
31, 713
296,377
698, 615
570,130
128,485
223, 787
170. 993
90, 076
52, 794
31,399
324, 949
662, 579
544, 058
118,521
210,772
158,999
85, 729
51,773
30,014
301, 358
6, 952
93
' 5, 6°^
74
'6,619
85
' 6, 925
89
'6,5r6
87
' 6, 952
89
' 6, 458
85
' 5, 761
74
7,213
93
6,422
92
7,307
94
7,043
94
'7,329
95
.0329
42.00
.0250
30.88
.0303
39.00
.0235
18.75
.0305
39.00
.0235
18.75
.0305
39.00
.0235
18.75
.0305
39.00
.0235
18.75
.0305
39.00
.0235
18.75
.0305
39.00
.0235
23.13
.0312
39.00
.0235
27.25
.0329
42.00
.0250
29.75
. 0329
42.00
.0250
31.63
.0329
42.00
.0250
36.69
.0329
42.00
.0250
33.05
.0329
42.00
.0250
29.25
9,763
1,786
1,782
28
9,960
2,031
2,019
40
10, 318
2,393
2,405
28
12, 202
2,039
2,036
30
13,071
2,354
2,351
33
13, 612
2,198
2,213
19
15, 014
2,091
2,093
17
15, 501
2, 327
2,317
27
15, 867
2,064
2,066
25
14, 976
2,291
2,292
25
14, 542
2, 455
2, 455
25
14, 37C
2, 303
2,306
21
1,797
1,895
2,000
1,480
1,424
1,588
1,646
1,682
1,973
1,890
1,453
1,441
1,452
1,462
1, 421
1,393
1,340
1,265
' 1, 421
1,348
1,377
1,337
1,42?
1,212
240,089
204, 977
35,112
205, 462
1,279
20,422
306, 798
267,434
39,364
276, 459
1,196
22,900
343, 338
302, 756
40,582
300,870
1,391
25, 439
318,304
282, 075
36, 229
277,829
1,340
25,159
258, 763
215, 247
43, 516
222,307
1,574
28, 901
192,134
151,882
40, 252
161,951
1,401
25, 196
198, 406
157,030
41, 376
167, 637
1,323
24, 307
174, 890
129, 914
44, 976
138, 203
' 1,4:6
27. 603
157, 758
111, 154
46,604
123, 761
' 1,154
24, 136
180, 256
125, 867
54,389
142, 837
1,176
26,265
r5,233
399
' 5, 095
455
' 6, 277
506
' 5, 874
543
' 6, 668
' 5, 823
i 752
' 6, 968
'7,516
8,092
' 7, 628
3,688
372
334
284
133
877
108
88
274
247
318
4,259
455
427
399
180
960
92
105
313
262
297
4,965
501
501
421
217
1,116
124
137
351
295
387
4,590
452
446
397
199
1,076
115
137
347
244
365
5,020
507
482
466
210
1,220
132
144
356
248
391
4,533
460
418
386
174
1,081
123
135
310
265
392
5,063
525
467
468
227
1,202
126
146
362
248
420
4,626
474
428
445
191
1, 093
116
136
334
229
364
5,304
558
502
527
181
1,275
132
144
390
293
396
5,446
549
518
555
206
1,274
141
151
'392
318
425
5, 442
5fil
53.c
57C
20'
1, 274
14C
15(
3&
30.
42-
Steel, Manufactured Products
Barrels and drums, steel, heavy types:®
Orders, unfilled, end of month...
thousands.. 13,612
2,244
Production._
_ _
_
__ do _.
2,242
Shipments
do
23
Stocks, end of month
do
Boilers, steel, new orders:!
1,925
Area
._..
thous. of sq.ft..
1,346
Quantity . . ._ _.
_. _ .
number
Cans, metal (in terms of steel consumed):*
232,972
Shipments (for sale and own use), total...short tons..
Food
__
__ do __ 168, 436
64, 536
Nonfood
do
Shipments for sale
_ do _ 193, 635
845
Commercial closures, production*
_ .millions .
24, 266
Crowns, production*
thousand gross
Porcelain enameled products, shipments:}:*
7,182
thous. of dol_.
Snrinff washprs shinrnpnts
r\n
Steel products, net shipments:©
Total
thous of short tons
Merchant bars
do
Pipe and tubes
do
Plates
do
Rails
do
Sheets
do
Strip—Cold rolled
do
Hot rolled
do
Structural shapes, heavy
do
Tin plate and terneplate
do
Wire and wire products
do
' 7, 062
580
5,261
549
498
467
226
1,233
133
158
387
253
410
r
205, 024 207, 571
139,718 146,015
65. 306 '61,556
160, 245 165, 448
' 1, 086
986
27, 219
25, 058
NONFERROUS METALS AND PRODUCTS
Aluminum:
29,811
88, 606
95, 038
93, 752 113,445 108, 795 166, 616 157, 437 129, 133 189, 6L
77,110
65, 356
Imports, bauxitel
long tons
.0550
. 0575
.0575
.0682
.0775
.0755
.0725
.0719
.0775
.066'
.0525
.0523
. 0444
Price, wholesale, scrap castings (N. Y.)__dol. p e r l b . .
Aluminum fabricated products, shipments, total*
'
156.
9
'
181.
8
'
157.
7
'
148.
7
'
163.1
'
155.
3
'
152.
6
'
174.
4
143.'
'
151.
2
'
121.0
'
136.1
mil of lb
'38.2
' 36. 4
'34.6
'43.0
'37.5
'37.8
'42.3
'41.7
'40.7
37.^
'31.2
Castings*
do
'30.9
119.4
113.0
120.0
110.9
133.7
'
106.
114.2
124.9
114.8
138.8
105.0
91.8
90.1
Wrought products, total*
do
92.9
88.0
92.7
103.9
91.9
110.1
99.5
80.3
'81.
65.6
70.5
83.8
Plate, sheet, and strip*
.
do
88.8
.237
.237
.237
.237
.259
.275
.275
.275
.289
.289
.29
.237
.300
Brass sheets, wholesale price, mill
dol. per lb
Copper:
14,168
11,018
13,462
11.721
2,131
10,564
14, 921
9,173
5,386
14,02
7,341
7,489
Exports, refined and manufactures!
short tons__
26,114
45,431
26, 291
32, 503
33,182
23, 204
25,182
41,65
35, 755
20, 510
25, 138
Imports, total!
_
. do
21, 272
6,944
9,298
8,784
1,225
6,809
2,656
7,989
2,950
12, 340
3,23
5,486
5,058
For smelting, refining, and export!
do
19,347
17, 330
31, 278
26, 373
22, 526
36,133
38,42
18, 322
30,269
15,215
15, 452
12, 798
For domestic consumption, totals
do
19,315
12,
933
23,
625
8,592
7,805
12,158
18,
272
23,
929
9,
755
25,
09
12,319
819
Unrefined, including scrap!
do
50
3,211
7, 349
13,440
12, 508
4,206
9,525
7,189
5, 460
13,32
17, 950
14,633
Refined!
do
.1928
.2091
.1415
.1415
.1935
.1704
.
1927
.1415
.1415
.2123
.221
.1406
Price, wholesale, electrolytic (N. Y.)
dol. per lb._ .2135
' Revised. <g>Beginning 1943, data have covered the entire industry.
t Based on information recently available it is believed that data beginning 1945 represent substantially the entire industry; in prewar years the coverage was about 90 percent.
• Data for 1946 and 1947 have been revised to exclude the value of finished plumbing ware; January-May-1946: Shipments—4,821; 4,355; 4,750; 5,876; 5,242.
O Total shipments less shipments to members of the industry for further conversion; data prior to 1944 were production for sale.
IData continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
§For 1947, percent of capacity is calculated on annual capacity as of January 1, 1947, of 91,241,000 tons of steel; 1946 data are based on capacity as of January 1,1946,91,891,000 tons.
•New series. For pig iron consumption and stocks for 1939-40 and a description of the series see note marked " • " on p. S-29 of the November 1942 Survey. The series on pig iron
production is approximately comparable with data in the 1942 Supplement (data in that volume are in short tons instead of long tons as indicated); see p. S-30 of the May 1943 Survey
for further information and data for 1941-42. The pig iron price series replaces the Pittsburgh price shown in the Survey prior to the April 1943 issue. See note marked " • " on p.
S-33 of the February 1947 Survey for a brief description of the data on aluminum fabricated products and reference to 1945 figures for the total; separate data prior to 1946 for the detail
will bo published later. The series for closures, including plastic closures, crowns, and metal cans, are compiled by the Bureau of the Census and cover all producers; data prior to
1946 will be shown later. For a brief description of the series for steel forgings, which are also compiled by the Bureau of the Census, and available data for 1945, see note on p. S-32
of the March 1947 Survey.
tRevised series. Data for steel castings are estimated industry totals; see note on p. S-32 of the July 1946 Survey for comparable figures beginning January 1945.
SURVEY OF CURRENT BUSINESS
August 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in t h e
1942 Supplement to the Surrey
1947
1946
June
September
June
July
August
S-33
1947
October
Novem- December
ber
January
February
March
April
May
188,927
•'104.430
•'•115,379
••85,293
i'91, 203
''"108,464
> 118, 048
i ' 8 3 , 980
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PRODUCTS—Con .
Copper—Continued
Production:^
Mine or smelter (incl. custom intake)..short tons.Refinery
-do
Deliveries, refined, domestic^
_
...do
Stocks, refined, end of m o n t h s
do
Lead:
Imports, total, except mfrs. (lead content)^
do
Ore (lead content):
Mine production*
do.
Receipts by smelters, domestic orercf
do
Refined:
Price, wholesale, pig, desilverized (N. Y.)
dol. per !b_Production, total c?
short tons.From domestic orecf
do__ __
Shipmentscf
do...
Stocks, end of monthcf
.
do...
Tin:
Imports:^
Ore (tin content)
long tons.
Bars, blocks, pigs, etc
do._.
Price, wholesale, Straits (N. Y.)~
_dol. per lb.
Zinc:
Imports, total (zinc content)*!
...short tons__
For smelting:, refining, and export^
do
For domestic consumption:^
Ore (zinc content)
_
do.
Blocks, pigs, etc
do
Mine production of recoverable zinc*
-do
Slab zinc:
Price, wholesale, prime Western (St. Louis)
dol. per lb
Production cf
short tons_Shipmentsd"1
do
Domesticd
do
Stocks, end of monthd*
...do
i 81,854
i 98, 738
116, 652
1
76, 629
64, 462 69, 748 72, 807
32, 785 56,906
23, 870 43, 606 59, 591 67,803
77,947
95, 267 97, 527 118,381 113.158 136,481
79,145 101,183
94,669
91,161
73, 024 78, 674 78, 256 74, 474 84, 356
75, 066 77, 578 80,144 77, 591 r 87,141
129,206 141, 218 143,692 117, 734 r120,820
80, 832 76,680
90,896
71, 507
5,217
5,046
12,909
9,477
19, 295
8,345
24,427
21,105
12, 405
18,898
18, 585
18,113
23, 660
21, 801
25, 044
32, 977
28, 610
31,373
27, 229
28, 054
25,875
27, 324
27, 872
26,180
28, 065
31, 307
31, 476
30,907
29, 857
32,157
31,116
36,328
'31.658
37, 581
30, 852
• 34, 269
. 1500
45, 235
41, 505
54. 627
37. 836
18, 584
17, 450
25,173
32,969
.0925
34. 029
32; 622
35, 591
31,396
. 0825
35,690
33.994
32,811
34, 275
. 0825
40, 720
39, 012
34, 047
40, 944
.0825
43, 062
41,217
41, 008
42,992
.1044
40, 041
38, 287
34, 764
48, 262
.1219
40, 448
38,943
40, 613
48, 088
.1293
45, 629
42, 506
44,888
48, 826
.1318
44,053
41,210
49, 638
43, 233
.1496
51, 239
46, 699
52,465
41,990
.1500
53, 424
48, 995
50, 568
44, 834
. 1500
53, 822
49, 984
50, 4S2
47, 233
.8000
3,242
2,073
.5200
5, 665
2,172
.5200
3,593
2,542
.5200
153
581
.5200
783
2, 462
.5200
4,904
1,195
.6452
415
1,991
.7000
3,011
1,285
.7000
1,774
419
.7000
0
'60
.7000
3, 937
33
.8000
1,409
54
.8000
15, 729
878
31, 057
5,287
19,982
5, 788
33, 218
21, 241
3,476
14, 007
3,758
45, 893
25, 424
3,637
14, 425
742
27,331
5,441
48, 627
5,441
57,396
22, 482
33,582
0, 367
8,899
4,784
51, 517
15, 278
6,612
48,993
29,896
13, 289
54, 925
29, 275
5, 639
51, 085
25,753
5,842
12,823
7,088
55,134
43, 935
10,082
17, 242
4,545
48, 433
32, 041
3,624
18, 608
9,809
49, 891
28, 930
4, 923
56, 827
20, 306
6, 909
57,181
.0825
.0887
.0825
.1012
.1050
.0825
.0923
.1050
.1050
. 1050
.1050
.1050
70, 990 58,812 59, 014 59, 752 58, 475 64,138 66, 873 70,176 72, 332 65,198 75, 376 73,891
63, 527 60, 492 69, 220 51, 886 65, 927 73,915 91, 429 90, 204 74, 795 76, 074 ' 75,788 72, 243
71, 667 75, 781 77,904 67,211
52,390
51.101
58, 321 43, 522 60,130
65, 356 67, 325 61, 715
174,327 239,953 229, 747 237,613 230,161 220, 384 195,828 175, 800 173, 337 162, 461 162, 049 163, 697
. 1050
73, 970
70, 803
58, 827
166,864
7. 616
7,235
42, 524
HEATING APPARATUS, EXCEPT ELECTRIC
Boilers, radiators and con vectors, cast iron:§
Boilers (round and square):
Production
thous. of lb_
Shipments
do__.
Stocks, end of month.
do.-.
Radiation:
Production
-thous. of sq. ft.
Shipments
do.._
Stocks
do--.
Boilers, range, shipments*
numberOil burners:©
Orders, new, net
.do...
Orders, unfilled, end of month
do...
Shipments
do...
Stocks, end of month
do._.
Stoves and ranges, domestic cooking, exc. electric:*
Production, total
do
Coal and wood
do...
Gas (incl. bungalow and combination)
do...
Kerosene, gasoline, and fuel oil
_do--.
Stoves, domestic heating, production, total*
do-..
Coal and wood*
do_-_
Gas*
do._.
Kerosene, gasoline, and fuel oil*
do_-.
Warrn air furnaces (forced air and gravity air flow),
shipments, total*
numberGas*
do.
Oil*
.do
Solid fuel*
do.
Water heaters, nonelectric, shipments*
do_
25,380
26, 881
41,076
25, 838
26,342
50, 824
20,986
21, 348
41, 611
21,188
20, 222
42, 577
25, 713
27, 021
39, 769
30,066
32, 243
37, 591
28, 451
30, 954
35.088
19, 856
23,694
32,173
27,982
24, 294
35,861
26, 003
23, 782
38,082
29, 452
26, 073
41, 461
28,849
25,326
44, 984
r 29, 528
r 23,185
r
51, 327
4,472
4,698
2,909
3,386
3,355
4,375
85, 704
3,878
3,494
3,196
4,469
3,764
3,559
3,421
3,151
4,012
90, 636 113, 524 104,169
4,523
4,858
2,816
103, 837
4,321
4,369
2,768
94, 274
3,250
4,286
1,732
84,457
4,619
4,065
2,256
78,400
4,168
4,200
2,254
60, 821
4,862
4,441
2,675
67,140
4,820
4,597
4,984
4,746
3,137
66, 745
66, 597
106, 579 102, 438 101, 818 81,888 99,009
806,181 862,912 907,304 931, 853 956,966
36, 745 45, 707 57, 426 57, 339 73,896
5,543
6,407
5,852
5,198
968,114
' 99,380
r 13,337
5,083
874, 787
98, 410
15, 432
313, 694
r 49, 288
210, 406
54, 000
••416,216
95, 063
-•175,282
145, 871
288, 699
44,837
194,182
49, 680
410, 648
92,349
157, 720
160, 579
66,308 60,196
55, 297
23,944
14,562 14,209
17,552 22,683
22, 050
24,812 22,951
19, 038
270, 843 282,408 ••244, 711
54,916
9,928
24, 664
20,324
209,800
219,970
31, 415
144, 205
44, 350
282,358
106, 608
93,091
82, 659
202, 517
28, 459
133,679
40, 379
304, 007
115, 421
86,334
102, 252
263, 215
34, 520
181.190
47, 505
376, 557
135.191
104,037
137,329
249, 542
34,142
169, 929
45, 471
377,803
146, 901
116, 405
114,497
105, 689 86,196 87,872 118, 308 11,795
990,350 1.002,380 1,008,813 1,045,876 1, 077,832
72, 305 74.166 81, 439 81, 245
7,039
7,588
10,487
11, 903 14, 745
296,874 254, 261 226, 291 302,809 281, 510 305,406
42, 232 33,175 31, 701 39,317 40,411
46,175
204,190 172,054 153, 972 206,130 188, 387 203, 631
50, 452 49, 032 40, 618 57,362 52, 712 55, 600
528,984 466, 854 457, 360 467,577 360,150 388,957
206, 873 163,115 151,979 131,053 89, 049 97,264
155,945 151, 271 162, 518 160,936 139, 879 159,496
166,166 152, 468 142, 863 175, 588 131, 222 132,197
49,536
15,914
4,339
29,283
181,424
49,122
16,206
5,345
27,571
187,569
62,246
20,192
6,345
35,709
213,789
72,303
23,163
9,112
40,028
209,415
83,502
27,545
9,537
46,420
264,989
89,005
29.089
12,296
47,620
260,569
78.167
26,292
14,385
37,490
253,621
76,537
28,954
14,980
32,603
293,315
no, 338
MACHINERY AND APPARATUS
Blowers, fans and unit heaters:
17, 382
15, 292
Blowers and fans, new orders
thous. of dol_.
16, 604
14,907
Unit heater group, new orders
do
7,628
10,193
10,113
7,216
Electric overhead cranesj:
Orders, new
do
1,565
1,082
2,346
1,456
2,360
Orders, unfilled, end of month
do
16, 775
15,132
16, 242 16, 549 15,811
1,252
1,192
Shipments
do
802
1,348
694
Foundry equipment:
469.2
453.4
538.7
424.4
New orders, net, total
1937-39=100.491.7
477.4
430.9
649.9
513.4
548.6
521.9
512.1
573.8
407.1
444.8
555.5
415.4
New equipment-.
do
492.8
421.0
379.0
658.9
466.9
525.9
472.5
445.9
532.3
672.0
481.1
484.1
453.5
Repairs
do
488.2
661.5
600.3
665.0
623.0
620.7
682.9
727.9
709.5
25, 468 29,140
26,176 27, 587 26, 542 26, 765 29,012
Machine tools, shipments*
thous. of dol— 24, 720 28, 580 22, 360 26,911
25, 791
26, 857
r
Revised. J Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
Beginning April 1947, data include copper from all sources; earlier data relate to domestic and duty-free foreign copper except that deliveries included deliveries of duty-paid
foreign
copper for domestic consumption. Stock figure for April 1, 1947, comparable with later data, is 80,522 short tons.
2
Cancellations exceeded new orders. JData cover 9 companies since September 194;4 earlier data back to March 1943 covered 8 companies.
cf For data for January 1942-April 1944 for the indicated copper, lead, and zinc series, see p. 24 of the June 1944 Survey. Total shipments of zinc include through September 1946
shipments for Government account in addition to shipments to domestic consumer and export and drawback shipments.
§See p. 24 of the January 1947 Survey for available data for 1942-45 for cast-iron boilers and radiation; these series continue data in the 1942 Supplement.
0 D a t a are based on reports of 150 companies for 1946 and around 160 for 1947, covering almost the entire industry; it is believed that concerns added after 1945 had little or no production in that year and data for 1945 were practically complete; in prewar years reports covered about 90 percent of the industry.
*New series. Data for mine production of lead and zinc are from the Department of the Interior, Bureau of Mines, and are practically complete; monthly figures beginning July
1941 and carier annual totals will be shown later. Data for range boilers, stoves and ranges, warm-air furnaces and water heaters are compiled by the Bureau of the Census and are
practically complete; data for 1943-45 for domestic heating stoves are shown on p . 20 of the April 1947 Survey; data prior to 1946 for the other series will be shown later (data beginning
1944 for total shipments of warm-air furnaces are available in the May 1945 and later issues of the Survey. The data shown for gas cooking stoves and ranges were revised in the
April 1947 Survey to include combination ranges, or ranges designed to use two different fuels; gas is one of the fuels used in most of these ranges. For source of data on machine tool
shipments and reference for 1940-42 data, see note on p. S-34 of February 1947 Survey.
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
1947
1946
June
September
June
July
August
August 1947
1947
October
Novem- December
ber
January
February
March
April
May
METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATUS—Continued
Mechanical stokers, sales:!
Classes 1, 2, and 3
.number..
Classes 4 and 5:
Number
,..
..Horsepower
Pumps and water systems, domestic, shipments:c?
Domestic hand and windmill pumps
number..
Water systems, including pumps, total
_do.__.
Jet*
do....
Nonjet*
do
Pumps, steam, power, centrifugal and rotary, new
orders
_.
thous. of dol_.
Scales and balances (except laboratory), shipments,
quarterly:*...
thous. of dol._
Sewing machines, heads, production:*
Domestic.
_
_..number..
Industrial
do
4,061
5, 851
13,893
17,503
20,354
19,437
17,269
14, 946
7,594
4,282
2,306
270
63,168
330
83,958
22,663
54,531
27,421
27,110
427
70,827
450
63,055
454
78,454
357
58,495
339
49,903
280
56,661
25,003
60,251
28,889
31,362
24,082
55,485
26,737
28,748
30,552
68,289
34,728
33,561
28,917
57,986
30,103
27,883
23,434
62,319
34,141
215
54, 852
26, 737
59, 545
31,125
28, 420
177
52, 705
36,946
54, 290
21,551
32,739
309
75,074
27,741
46,155
23,042
23,113
28,310
64, 455
33,930
30, 525
36,261
62, 586
32,773
29,813
2,999
2,648
4,014
3,789
3,223
3,581
3,260
3,428
3,506
3,464
34,596
10,788
27,296
7,364
35,249
9,695
50,042
12,760
43,220
10,832
9,864
43,843
10,764
47, 063
12, 506
46,068
11,368
1,471
1,318
1,355
1,150
1,213
1,509
1,601
7,150
33,838
8,909
28,178
5,281
174
57, 563
170
52, 981
36, 578 r 38, 745
70, 792 •61,045
35,671 ' 29,173
35,121 ' 31,872
3, P38
2,973
51,384
11,687
14,002
11,835
1,798
1,868
1,873
268,432 272,949 265,790 279,219 327, 528
260,572 265,364 258,892 272,927 321,515
6,292
6,013
7,585
6,898
7,860
216,634 190, 770 259,233 •255,611 •290,397 320,969
313,724
7,751
3,035
10,100
ELECTRICAL EQUIPMENT
Battery shipments (automotive replacement only),
1,377
number*
_
..thousands..
Domestic electrical appliances, shipments:
184,182
Vacuum cleaners, total •
number..
178,841
Floor
do
5,341
Hand
.....
do
314,705 172,195
Washers •
do
Electrical products:?
227
Insulating materials, sales billed
1936=100..
465
Motors and generators, new orders §
do
Furnaces, electric, industrial, sales:
9,099
Unit
...kilowatts..
606
Value
thous. of dol_.
Laminated fiber products, shipments
.do
4,150
2,878
Motors (1-200 hp):
5,873
Polyphase induction, billings
do
13,095
Polyphase induction, new orders
do
973
Direct current, billings
do
1,735
Direct current, new orders.
do
22, 218 16,129
Rigid steel conduit and fittings, shipments!-.short tons
Vulcanized fiber:
3,247
4,771
Consumption of fiber paper
..thous. of lb__
824
1,625
Shipments
_.
thous. of dol..
1,161
199,722
192,655
7,067
168,500
234,148 223,039 266,062
226,060 216,219 259,153
8,088
6,909
6,820
189,778 184,215 247,816
252
432
284
501
294
471
9,379
771
3,268
2,104
3,507
6,154
13,377
987
1,589
15,705
3,183
1,056
331
438
337
533
8,240
714
3,761
351
508
4,869
647
4,328
4,227
600
4,074
3,615
322
4,168
7,519
15,445
1,234
2,067
21,471
7,871
13,808
1,011
1,741
18,683
8,621
14,756
1,344
2,204
20,742
8,437
11,962
1,222
1,215
20,533
9,861
13,875
1,825
3,620
24, 252
18,297
3,790
1,288
4,125
1,330
5,059
1,765
4,741
1,640
4,241
1,701
5,004
1,942
7,528
789
4,550
373
405
405
5,060
476
4,471
6,514
551
4,859
8,854
1,079
4,687
3,586
389
4,092
21,110
22,141
4,824
1,791
5,086
1,758
i 29, 589
i 38,332
14,359
,
18, 757 i 5,318
20,088
4,488
4,598
1,744
1,757
PAPER AND PRINTING
PULP WOOD AND WASTE PAPER
Pulpwood:*
1,514
1,423
1,558
1,503
1,473
1,632
1,628
Consumption
thous. of cords (128 cu. ft.)__
1,585
1,666
1,523
1,702
1,647
'1,714
1,604
1,723
1,920
1,821
1,438
1,696
1,705
Receipts, total
_
...do
1,709
1,861
1,819
1.430
1,382
' 1,465
2,942
3,241
3,639
3,956
4,034
3,780
3,815
3,814
4,153
4,255
4,035
' 3, 767
Stocks, end of month
do
3,818
Waste paper:*
Consumption...
short tons.. 642, 650 578, 075 558, 257 635,827 607, 231 680,047 651.974 596,247 678, 241 620,667 684,637 668, 727 693,879
Receipts
_
do
649, 812 606, 548 596, 609 635, 567 604,136 707,738 636,387 634,491 657.165 587, 481 667, 975 711, 509 697,152
Stocks
do
477,944 426, 750 464,831 460,946 453,896 481,398 464,676 515,361 492, 702 458,826 435, 411 475, 915 473,917
WOOD PULP
4,780
3,591
4,334
2,302
2,737
14,161
6,475
9,534
13,140
6,057
Exports, all grades, total}
short tons.
1,947
15,150
150.216 212,697 147,417 133,141 152,707 135,001 136, 428 167, 977 160,791 141, 995 •148,921 175, 067
Imports, all grades, total}
do
9,757
6,348
7,562
3,263
9,271
10, 584
7,818
15, 537 20, 567 14,132
13, 402 19,988
Bleached sulphate}
do...
32,893
29, 292 28,051
33,864
26,482 64,109
20, 735 38, 921 26,615
17, 872 21,673
28, 669
Unbleached sulphate}
do...
31,113 26,938
33,988 28,104
37,757 37,439
35, 297 39, 661 38,318
39, 610 43, 417 40, 330
Bleached sulphite}
do._.
78,176
49, 822 62, 459 51,986
49,574
49,818
50,636 53, 075 54, 596 48,190 r 44,022 59,488
Unbleached sulphite}
_do__.
1,249
1,529
1,556
1,597
1,928
1,410
1,070
1,770
1,699
1,621
1,318
Soda}
_
do...
1, 592
25,199
14,418 20,871
23,647 21,967
19,138
18, 719 19, 465 18,996
Groundwood}
..do...
20, 594 24, 786 25, 000
Production:f
Total, all grades
_
do...
900,629 829,378 915,099 880,198 980,653 947,335 886,567 997. 645 913,079 1,012,858 984, 622 1,038,341
80,170 76,008 79, 811 77, 472
75,135
77,336
71.931
79, 766 89, 792 87,175
87,764
92, 484
Bleached sulphate
do.._
323, 722 309,614 331, 586 314,645 343,457 336,697 304,130 350,101 321,127 354, 293 337, 047 366, 873
Unbleached sulphate
do...
138, 986 132, 575 143,184 135,185 152, 654 144,605 141,358 159, 571 146, 907 162,270 160, 223 164, 791
Bleached sulphite..
_
do...
67,047
65, 455 56, 675 69, 272 64, 407 75, 732 71,711
75, 060 68, 901 73, 967 74,131
79,133
Unbleached sulphite
do._.
39,154
37, 583 42, 655 38,947 42,010 40, 717
42, 343 37,696
38,386
42, 092 41. 655 43, 324
Soda
do._.
149, 840 133, 614 140, 027 132, 787 159,873 158, 714 149,558 164, 703 150.587 167,995 167, 727 r171,905
Groundwood
do...
76,061
74, 712 76, 000
Defibrated, exploded, etc.*
do...
58, 955 41, 706 56, 589 71, 548 75, 279 69, 915 66, 796 73, 111 65,485
Stocks, end of month:f
70,609
77, 606 71,916
72, 432 76, 590
85, 313 83,178
74, 887 74,465
Total, all grades
do...
79, 694 83, 786 9?, 760
6,836
6,684
6, 021
6,291
7,193
7,589
6,218
7,542
6,990
Bleached sulphate
.do...
6,926
7,079
7,447
7,222
6,773
6,430
8,013
8,765
8,350
7,865
8, 545
7,809
8,331
7,545
Unbleached sulphate
do_._
7,043
20,326
14, 363 17, 933 17,185
16,713
17, 620 18,615
19, 500 17,747
Bleached sulphite
do._.
21, 004 20, 564 26, 284
9,513
13, 605 12,154
11, 800 11,043
15, 399 15, 294
8,610
Unbleached sulphite
do...
9,938
11,128
10, 645 13,527
2,448
2,088
2.726
2,329
2,481
2,431
2,690
2,611
2,709
Soda
do...
2,808
?-, 052
2,422
22, 897 25,971
39, 252 34, 940 28,230 21,381
17,943 21, 423
Groundwood
_.
_do
27,188
28, 630 32, 046 35, 452
r
Revised.
(i) Data are for January-March.
d"It is believed that data shown currently and also earlier data for recent years are substantially complete.
1 Data cover almost the entire industry; in prewar years the reporting concerns represented over 95 percent of the total.
}Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
§The monthly index of orders received of motors and generators will be released quarterly beginning with the second quarter of 1947.
• Data for washers are from the American Ironer and Washer Manufacturers' Association and cover electric and gasoline washers, excluding small or midget types; the 1946 data
are as reported by companies representing around 97 percent of the industry according to comparison of the January-September total with data for that period collected by the Bureau
of the Census; 1947 data are revised estimated industry totals. Data for vacuum cleaners are from the Vacuum Cleaner Manufacturers Association and cover total sales, excluding
rebuilt cleaners, by the industry; data for hand type are comparable with figures in the 1942 Supplement: data for floor type shown in that volume include rebuilt cleaners and are
therefore not entirely comparable with figures shown above (comparable monthly average for 1941, 139,177).
•New series. See note in the February 1947 Survey for source of data for automotive replacement battery shipments, pulpwood and waste paper; all series are industry totals. Data
for 1939-45 for jet and nonjet water systems will be shown later. Data for scales and balances and sewing machines are from the Bureau of the Census and are practically complete,
data prior to 1946 will be shown later (collection of data on the production of domestic sewing machines has been discontinued). Data beginning 1941 for production ofdefibrated,
exploded, etc., wood pulp also will be shown later.
fRevised series. See note in February 1947 Survey regarding unpublished revisions in the indexes of new orders for motors and generators and sales of insulating materials. Data
for rigid steel conduit and fittings were revised in the July 1946 Survey (see note in that issue for explanation). Revised wood pulp production for 1940-43 and sulphite stocks for 1943
are shown on p. 20 of the December 1944 Survey and revised 1942 stock figures for all series are on pp. 30 and 31 of the June 1943 issue; revisions in the 1943 data for groundwood and
total production shown in the December 1944 Survey and unpublished revisions in the 1944 production data for these two series will be shown later; beginning in the May issue, data
for total production of wood pulp include defibrated, exploded, etc., pulp, shown separately above, which was not included previously; stocks of such pulp are comparatively small
and are not included in the stock figures; stock data are stocks of own pulp at mills.
August 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
SURVEY OF CURRENT BUSINESS
1947
1946
1947
June
S-35
June
July
August
September
October
Novem- December
ber
January
February
March
April
May
PAPER AND PRINTING—Continued
PAPER AND PAPER PRODUCTS
All paper and paperboard mills:*
Paper and paperboard production, total..short tons..
Paper
.do
Paperboard
do
Building board...
-do
Paper, excl. building paper, newsprint, and paperboard
(American Paper and Pulp Association) :f
Orders, new
short tons..
Production
do
Shipments
do
Fine paper:
Orders, new
do
Orders, unfilled, end of month
_
_do
Production
do
Shipments
dp
Stocks, end of month
do
Printing paper:
Orders, new
_do
Orders, unfilled, end of month
do^..
Price, wholesale, book paper, " B " grade, English
finish, white, f. o. b. mill
___dol. per 100 lb_.
Production
_
short tons..
Shipments...
do
Stocks, end of month..
do
Wrapping paper:
Orders, new
do
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, end of month
do
Newsprint:
Canada:
Production
do
Shipments from mills
.do
Stocks, at mills, end of month
do
United States:
Consumption by publishers.
do
Imports 1
__
...do
Price, rolls (N. Y.)
dol. per short ton..
Production
short tons..
Shipments from mills
.do
Stocks, end of month:
At mills.—
....do....
At publishers
_
do
In transit to publishers.._
do
Paperboard (National Paperboard Association):!
Orders, new
do
Orders, unfilled, end of month
.do
Production
do
Percent of activity
Waste paper, consumption and stocks: §
Consumption
short tons..
Stocksat 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
1
do
PRINTING
Book publication, total
no. of editions..
New books
do
New editions..
_
do
1,729,087 1,596,773 1,474,261 1,684,906 1,596,187
883,163 820,090 766,906 864,982 799,698
726, 304 677,681 635,304 729, 445 687,473
119,620 99,002 72,051
90,479 109,016
691,780 669, 564 659, 247 646,889
704, 830 671,335 613,822 704,694
692, 237 677, 096 613, 441 701,343
681,582
648,551
632,877
1,751,147 1,674,107 1,577,751 1,764,493
888,293 845,207 803,350 892,871
737,648 708,949 659,340 752, 393
125,206 119,951 115,061 119, 229
1,629,117
820, 583
701,075
107,459
1,800,239 1,754,410 1,835,620
901,973 885, 366 931,506
773,441 751,198 •776,381
124,825 117, 846 127,733
644,338 809,564
654, 939 728,303
649,478 726,511
671,294
666,630
667,801
•715,757
738, 255 '692,057
732,863 r 711, 517 750,396
721,800 r 709, 453 744, 357
745, 909 640,569
721, 964 690,813
736,737 695,803
' 102,900 ' 90, 518
'165,340 148,310
' 102, 434 107,591
' 100, 644 108,356
r 48, 985 r 49, 285
106, 080 108,191 100, 854 85,449 101,055
158, 250 175, 437 187,924 161, 480 176, 288
100, 200 97, 790 89,320 103,161
92,573
97,205 99,684 85, 824 99, 592 88, 037
50, 500 59,500 56,150 53, 504 59,081
109,332 81, 565 84,304
174,098 159, 403 161,502
102,908 100,943
94,870
112, 537 104, 245 93,037
54,635
52, 578 52,970
114,900
166,112
105,100
107, 504
47,939
93,388
161,085
97,608
98,095
47, 596
119,009
166, 788
106,484
105,153
47,880
235,125 214, 214 225,529 202,087
270, 793 252, 603 258, 456 229,328
314,706
290,502
235,764
296,114
252,988 '238,918
292, 367 281,212
9.80
8.28
8.00
8.55
8.00
248,180 226,110 206, 408 236, 530 219,460
242, 032 288, 049 206,958 237,857 213,137
75,802 53, 512 53,225
55,331
59,320
254, 603
248, 257
8.55
246, 718
249,933
62, 013
255, 575
170, 575
260, 500
256, 500
65,875
278, 773 252, 261 245,954
214, 298 197,134 191, 210
274, 416 264,614 248,937
276,005 264, 765 252,874
71,230
67,131
254, 258
194, 966
254, 348
256, 630
65,970
247, 518
197,977
237, 498
237,170
65, 867
261,804
193, 693
266,987
267, 254
64,162
234,622
241,498
253, 345
213, 506
248,021
243, 728
72,263
212, 033 223,580
221,908
8.55
9.30
9.30
230,394 223,860 252,360
235,028 215,967 250,429
50, 504 55,100 57,113
355, 606 334, 207 357, 027 370, 676 330, 063 376,436 364,304 341,951
375, 498 322,805 364, 591 356, 572 335, 874 387, 294 391, 388 340,125
90, 431 123,161 115, 597 129, 701 123, 890 113, 032 85,948
87,774
279,440
186,735
272,357
272,050
64,128
260, 627
273,275
9.80
9.80
230,039 256, 045 • 252, 348 263,677
226,676 249,862 • 252, 770 257, 570
60, 440 67,234 ' 63, 943 ' 68, 516
249,396
184,065
249,470
252,127
61,972
270,461
182,985
271,949
269,497
59,211
'252,330
'178, 430
•256,878
"256, 026
' 59, 788
263,424
161, 563
276,941
275,131
r 60, 225
370, 000 341, 268 372, 482 369,490 384, 520
344, 543 319,831 373, 769 376, 305 400, 763
113, 231 134,668 133,381 126, 5P-6 110, 323
292, 664 259, 284 243, 072 257,303 265, 583 292,205 291, 517 294,835 266, 422 258,424 302,672 297, 461 302.994
276,959 326, 399 295,934 293, 228 305,777 323,457 318, 576 294, 042 260,815 322, 357 315, 334 328. 747
90.00
73.80
84.00
74.00
84.00
84.00
90.00
67.00
71.08
84.00
84.00
90.00
80.00
73, 498
71,933
67, 268 61, 241 62, 742 65,129 61, 025 67, 248 64, 739 62,088 68,634 62,802 67,916
62,054 69,492 65, 226 68, 872 73,988
70,997
62,107
66, 743 61,671
60, 249 67, 206 55, 587
6,832
8,909
11,951
6,416
228, 793 209, 784 226, 577 243,331
61, 735 64,331
71,664 52,155
715, 054 682,472 729,294
461, 226 568, 733 632,141
737, 551 687,700 675,600
101
97
742,918
575,021
768,200
12, 270 12, 552 15,184
240,602 217,303 217,438
60, 634 82,167 79,676
712,650
580,228
692,200
96
806,828
613,221
781,700
424, 391 374, 295 369,803 439, 696
420,867
299, 507 283,996 315, 236 313,975 299, 218 309,990
15,218
219,478
73,328
14, 360 11, 936 10,980
231, 694 224, 453 206,064
73,699
75,602 69,466
703,825 697,357 802,016
555,398 542,896 586,121
750, 900 688,646 774,667
92
474, 317 397,478
304,100 321,434
8, 925 11,426
215,995 212, 724
68, 773 64, 985
713,834 747,358 770,304 760, 236
577, 777 549, 774 582, 603 511,918
718,072 747,115 765, 026 805, 744
101
103
100
103
450, 740 416,935
313, 398 274,850
456,127
266,879
445,180 464, 323
289, 297 293, 347
4,662
4,730
4,763
5,233
4,919
5,512
5,242
5,475
5,289
5,566
5,438
'5,245
343.8
447.6
362.7
331.3
361.0
300.5
381.0
368.3
414.6
351.5
440.2
409.4
363.8
397.0
421.4
405.9
490.3
474.5
445.6
439.7
414.5
470.9
414. 4
483.0
399.7
458.9
531
426
105
679
556
123
536
422
114
510
401
109
656
532
124
848
675
173
863
704
159
846
621
225
470
372
557
436
121
1,027
808
219
852
678
174
811
6-50
161
PETROLEUM AND COAL PRODUCTS
COAL
Anthracite:
Exports^
thous. of short tons
657
577
761
717
957
406
880
831
366
546
556
528
Prices, composite, chestnut:
Retail
dol. per short ton.. r 16.17
i 16.81
16.55
16.56
i 16.80
15.28
116.78
i 16.63
16.87
16.84
i 16. 83
116. 82 r 1 10. 17
Wholesale..
do
13.622
13. 584
13.593
13. 597
12. 726
13.620
13. 768
13.753
13. 767
13. 520
13.593
13. 652
13. 460
Production
thous. of short tons_.
5,263
5,444
4,990
3,636
5,048
5,409
5,080
5,155
4,240
4,967
4, 549
4, 597
4,279
83
94
236
Stocks, producers' storage yards, end of mo.© .do
63
251
284
292
321
132
200
Bituminous:
5,874
1,712
Exportsf
_
do
5,070
5,418
3,644
3,253
3,233
4, 555
3,245
4,185
4,168
7,546
Industrial consumption and retail deliveries, total©
41, 565
42, 424
39,235
44,516
thous. of short tons..
34, 012
46,698
55, 788
52,399
45,940
52, 487
34,041
32, 744
33,958
35, 401
36,714
37,281
42, 843
39, 855
41,498
29, 548
Industrial consumption, total
_. do
729
562
599
895
Beehive coke ovens
__
do
571
716
788
867
877
798
Byproduct coke ovens
_..
do
7,781
7,551
7,578
7,814
6,992
6,309
6,757
7,964
7,245
8,025
Cement mills
do
675
656
693
632
694
676
575
658
651
607
6,732
Electric power utilities
do
5,714
6,314
6,447
5,024
6.280
6,708
7,158
6,594
6,938
Railways (class I ) .
. . .
do
9,092
9,571
8,720
8,790
9,515
10,104
9,431
10,137
8,879
8,257
943
947
Steel and rolling mills
do
671
760
725
799
871
582
850
904
Other industrial
__
.
do
8,548
9,283
10,211
12,131
11,028
15,139
13, 905
8,740
14, 276
8,230
Retail deliveries
_._
do
i
7,607
8,659
6,491
8,383
9,984
9,115
12, 945
4,464
12, 544
10,989
r
Revised.
^[Data continue series in the 1942 Supplement; data for October 1941-Febmary 1945 will be published later.
§Estimatcd; see note in April 1946 Survey for basis of estimates.
i The comparability of the data is affected by a gradual reduction m the number of cities, or changes in the number of dealers or the number of quotations included in the averages from August 1946 to date; averages for August, September, November, and December 1946 and January 1947 comparable in each case with data shown above for the following
month are $16.54, $16.80, $16.62, $16.60, and $16.85, respectively; data for February-June 1947 are directly comparable; in other months comparability was affected only slightly.
©Publication of anthracite stocks has been discontinued and collection of data for consumption of bituminous coal has been indefinitely discontinued.
JFor revisions for January 1942-March 1943, see note for paperboard at bottom of p. S-35 of July 1944 Survey; small revisions for January 1944-April 1946 are available on request.
f Revised series. The series from the American Paper and Pulp Association beginning in the August 1944 Survey are estimated industry totals and are not comparable with data
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 fo
folding
paper boxes and January 1943-May 1944 data for shipping containers are available on request.
SURVEY OF CURRENT BUSINESS
S-36
Unless otherwise s t a t e d , statistics t h r o u g h 1941
a n d 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
1947
1946
June
September
June
July
August
August 1947
1947
October
Novem- December
ber
January
February
March
April
May
PETROLEUM AND COAL PRODUCTS—Continued
COAL—Continued
Bituminous coal—Continued
Other consumption:
Vessels (bunker)§
thous of short tons
Coal mine fuel©
do
Prices, composite:
Retail (34 cities)
dol. per sh()rt ton_.
Wholesale:
Mine run
do
dn
Prepared sizes
Production!©
thous. of short tons
Stocks, industrial and retail dealers, end of month,
total©
thous. of short tons..
Industrial, total
<^n
Byproduct coke ovens
do
Cement mills
do
Electric power utilities
do
Railwavs (class I)
do
Steel and rolling mills _
do
Other industrial
do
dn
Retail dealers, total
146
240
134
224
140
237
135
158
88
179
77
249
91
214
125
233
150
200
11.23
11.23
U1.10
l 1 1 . 08
U1.14
i 11. 22
i 11.82
U1.97
i 11.99
i 12. 00
112.09
5.949
6.186
51, 350
5.972
6.194
54,686
5.976
6.199
51, 922
5.989
6.200
57, 485
5.998
6.212
37, 501
6 044
6.305
43, 746
6 217
6 498
58,970
6 230
6 518
51,400
6.252
6.524
54,995
6.334
6.561
41,120
6. 334
6.565
43,611
40, 450
3,871
591
12, 594
7, 641
642
15, 111
3,161
47, 990
44, 567
5,230
768
13, 907
8,117
843
15, 702
3,423
52, 367
48. 965
5,924
891
14, 563
8,800
855
17, 932
3,402
54, 924
51,532
6,593
1, 046
15,638
9,274
888
18, 093
3,392
52, 429
49, 546
6,355
1,054
14, 549
7,587
877
19,124
2,883
47,157
44, 453
5,222
887
13,044
6,959
785
17, 556
2,704
49,169
46, 003
5,919
861
13, 208
7,673
909
17, 433
3,166
49, 471
47 340
6.645
881
13, 453
7,682
985
17, 694
2,131
51,674
49, 547
7,429
935
14,059
8,262
1,141
17, 721
2,127
78
49
49
38
69
76
98
9.062
9.125
88
222
138
223
i12.10
10.93
6.368
6.581
5.832
6.094
50, 579
37, 777
35, 213
3,630
482
11, 430
7,297
624
11,750
2,564
COKE
Exports §
thous of short tons
Price, beehive, Connellsville (furnace)
dol. per short ton_.
Production:
Beehive
thous. of short tons
Byproduct
do
Petroleum coke
do
Stocks, end of month:
Bvproduct plants, total
do
At furnace plants
do
At merchant plants
do
Petroleum coke
do
82
113
97
93
76
9.562
7.500
8.750
8. 000
8.750
8.750
8.750
8.750
8.812
8.875
8. 875
*>450
367
4,418
159
468
5,323
168
524
5,462
186
485
5,345
190
557
5,512
212
361
4,925
191
381
4,769
197
562
5,619
203
514
5,129
178
580
5,658
209
429
5,383
195
593
5,531
218
616
360
256
85
709
361
348
78
807
398
409
72
949
503
446
89
1,120
653
467
96
1,034
602
432
93
929
571
358
90
797
523
274
94
716
527
189
77
676
504
172
91
652
460
191
89
671
445
226
84
PETROLEUM AND PRODUCTS
Crude petroleum:
145,069 150,541 150, 550 145,181 146, 816 140, 514 148,171 146,897 134, 953 150,120 141,210 153,348
Consumption (runs to stills)t
-thous. ofbbl..
4,622
3,257
4,602
3,794
3,401
4,291
3,999
4,789
3,687
3,542
2,529
Exports^
2,610
do
8,916
7,631
7,149
6,176
8,361
6,268
7,813
7,846
8,956
8,154
8,172
Imports§
8,422
do
1.460
1.710
1.210
1.260
1.460
1.460
1.485
1,810
1,810
1.560
1,810
1.560
1.560
Price (Kansas-Okla.) at wells
. . . . . . d o l . i)erbbl__
146,890 152, 586 149, 910 143, 708 148, 323 144, 674 146, 471 144,800 134, 693 152,160 149,228 156,024
Production!
thous ofbbl,.
94
94
96
96
96
93
94
95
94
98
95
95
Refinery operations
pet of ca pacity..
Stocks, end of month:
223,140 224,351 224,157 222, 417 222,177 226, 453 224, 473 223,848 225,121 228,981 235, 710 237,768
Refinablein XT. S.f..
thous ofbbl..
52,074
59,310
53,344
60,386
59,013
53, 532
53, 894
55,833
53,113
57,106
54,785
At refineries
__ .
55,119
do .
152, 786 155,656 154, 501 153,469 155,434 158, 207 156, 238 152,988 153,160 154,637 160,484 163,740
At tank farms and in pipe lines
do
15,054
14,669
14,902
15,034
15,015
15, 235
15,163
14,871
14,840
15,027
15,122
14, 855
On leasesf
do
5,483
5,999
4,921
5,066
5,401
5,335
5,953
5,825
4,968
5,584
5,703
5,790
Heavy in California
1,434
1,358
1,396
1,314
1,241
1,425
1,333
1,247
1,626
1,248
1,453
1,196
Wells completed! number
Refined petroleum products:
Gas and fuel oils:
Domestic demand :§
21,321
29, 279
18,131
19,262
14,850
14,520
23,110
15,098
13,828
35, 294
32,450
31, 687
Distillate fuel oil
thous ofbbl..
37,014
45,852
42,140
41,497
40,057
39,283
37,925
33, 509
36,734
47, 405
43, 308
48, 299
Residual fuel oil
do
Consumption by type of consumer:
3,564
3,462
3,280
4,372
2,851
2, 512
2,914
3,264
2,963
5,313
4,426
3,696
do
Electric power plantsf 7,249
7,307
7,138
6,729
6,675
6,653
6,859
6,903
6,950
7,460
6, 537
7,607
Railways (class I)
do
6,164
6,132
2,367
5,002
6,470
3,695
5,818
5,967
5,547
5,374
5,710
5,579
Vessels (bunker oil)§
do
Exports: §
891
2,093
2,766
758
2,189
3,684
2,540
2,715
1,992
876
1,751
1,273
do
Distillate fuel oil
672
550
635
321
831
593
351
578
730
316
713
733
do
Residual fuel oil
.062
.062
.071
.062
.073
.062
.058
.058
.070
.070
.075
.075
.066
Price, fuel oil (Pennsylvania)
...dol. per gal._
Production:
25, 577
24,432
22,925
23,877
23, 741
24,954
24,589
24,970
24,131
23,320
23, 703
21, 746
Distillate fuel oil
thous. of bbl_.
37,876
34,512
33,015
34,438
36,060
35, 942
37,328
36, 569
35,937
Residual fuel oil
fin
34, 390
33, 777
36, 390
Stocks, end of month:
67,870
62,019
68,145
31,423
30, 268
34, 279
48,197
38,824
46, 439
54,068
59,620
36, 901
do
Distillate fuel oil
55, 580
37,403
39, 992
54,012
52,735
36,455
41,492
41, 550
45, 446
48,186
47,094
38, 480
do
Residual fuel oil
Motor fuel:
66,598
61,315
59,947 ' 63, 406
70,865
63,221
69,044
66,701
62,216
57,057
50, 551
61,043
Domestic demand§___
_
.thous of bbl__
2,386
4,091
dn
2,892
3,358
2,555
2,321
3,604
3,480
4,832
3,608
3,068
Exports§
3,688
Prices, gasoline:
.070
.076
.080
.068
.070
.070
.080
.058
.060
.070
.070
.070
.080
Wholesale, refinery (Okla.)
.dol. per gal
.159
.172
.149
.159
.167
.151
.159
.161
.172
.158
.161
.172
.161
Wholesale, tank wagon (N. Y.) . .
do.
.142
.155
.171
.151
.155
.155
.156
.171
.158
.159
.171
.157
_ do _
.171
Retail, service stations, 50 cities
67,305
67,445
66,072
69. 707
66,284
69, 028
66,701
63,374
68, 535
64, 345
65, 904
60, 485
Production, totalf
thous. of bbl__
59.607
58,636
59,921
62,079
58,914
59,069
55, 502
60,681
56.705
61,387
58, 560
53, 591
Gasoline and naphtha from crude oil •
do
10,275
10,155
9,821
9,574
11,033
10,803
10,392
9,501
9,558
10, 651
10,651
9,944
Natural gasoline and allied products*!
do
2,444
2,604
2.085
2,082
3,252
2,797
2,396
1,752
1.928
3,148
2,931
2,870
Sales of 1 p. g. for fuel and chemicals
do
134
149
i 142
122
119
106
108
115
159
109
133
140
Transfer of evele products do
5,271
6,023
6,232
5,618
5,229
5,774
5,390
5,859
5,300
4,940
5,813
4.908
Used at refineriesf
do
2,701
2,605
2,619
2,784
2,555
2,449
2,856
2,498
2,173
2,518
2,319
Retail distributiond*
_
mil. of gal...
Stocks, gasoline, end of month:
77,628
79,980
96,952 ' 92, 719
79,384
78, 848
90, 300
86, 727
78,833
84,534
83, 726
94, 985
Finished gasoline, total
.thous . ofbbL.
47,021
46, 244
63, 089 r 58, 852
54,752
47, 347
47, 581
50,911
48,077
51,927
61, 332
do
At refineries
57,066
8,324
9,005
8,482
8,607
8,727
8,245
8,394
7,912
8,173
9,323
8,687
8,208
..do
Unfinished gasoline
_5,604
6,312
5,487
7,334
7,060
5,265
7,343
6,943
5,566
5,010
4,981
..do....
4,794
Natural gasoline
••Revised, d1 See note in April 1946 Survey.
• Combined total of data formerly shown as straight run gasoline and cracked gasoline.
1
The comparability of the data is affected in some months by a reduction in the number of cities or by a change in the sample; averages for August, September, November, and
December 1946 and January 1947 comparable in each case with data shown above for the following month are $10.93, $11.07, $11.12, $11.40, and $11.94, respectively; February-June 1947
are directly comparable and cover 30 cities.
©Collection of data for the indicated coal series has been indefinitely discontinued.
§Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
fRevised series. For source of 1939-41 revisions for bituminous coal production, see note marked "f" o n P. s~32 of the April 1943 Survey; revisions for 1942-43 are shown on
p. S-33 of the April 1945 issue; revisions for 1945 are shown on p. S-36 of the March 1947 Survey. For 1941 revisions for the indicated series on petroleum products see notes marked
" t " on p. S-33 of the March and April 1943 issues (correction for crude petroleum production January 1941, 110,446); 1942-43 revisions are available upon request.
tlncludes natural gasoline, cycle products, liquefied petroleum gases at natural gasoline plants, and benzol; sales of liquefied petroleum gas for fuels and for chemicals and transfers of cycle products are deducted before combining the data with gasoline and naphtha to obtain i otal motor fuel production.
SURVEY OF CURRENT BUSINESS
August 1947
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
1946
June
September
June
July
August
S-37
1947
October
Novem- December
ber
January
February
March
April
May
PETROLEUM AND COAL PRODUCTS—Continued
PETROLEUM AND PRODUCTS—Continued
Refined petroleum products—Continued
Kerosene:
Domestic demand§
thous. of bbL.
Exports§
do
Price, wholesale, water white, 47°, refinery (Pennsylvania)
dol. per gal..
Production
thous. of bbl.
Stocks, refinery, end of month
do
Lubricants:
Domestic demand§
do
Exports§
d°
Price, wholesale, cylinder, refinery (Pennsylvania)
dol. per gaL.
Production
thous. of bbL.
Stocks, refinery, end of month
_do
Asphalt:
Imports§
short tons..
Production
_..do
Stocks, refinery, end of month
do
Wax:
Production
thous. of lb._
Stocks, refinery, end of month
do
Asphalt prepared roofing, shipments:!
Total
thous. of squares..
Smooth-surfaced roll roofing and cap sheet-..do
Mineral-surfaced roll roofing and cap sheet.-_do
Shingles, all types
do
.082
.330
5,284
701
7,502
312
414
11, 513
664
12, 325
394
10, 532
930
10, 078
1,017
.071
8,435
10,490
4,321
767
.074
8,179
12,382
.074
7,825
13, 442
.074
8,566
13,926
.074
7,893
12,734
.075
8,782
9,772
.076
9,415
7,299
.076
9,243
6,126
.078
9,476
5,260
8,082
889
.081
8,854
4,870
2,715
1,054
3,049
910
3,236
1,135
3,095
694
3,536
706
2,900
906
2,900
1,063
2,951
1,104
1, 258.
2,929
1,273
3,066
1,259
.082
9,284
7,328
3,104
1,361
.160
3,839
7,635
.160
3,620
7,293
.200
4,096
7,030
.214
4,016
7,244
.248
4,327
7,338
.250
3,857
7,384
.274
4,135
7,564
.298
4,204
7,773
.300
3,925
7,753
.308
4,480
8,015
.310
4,267
7,936
.310
4,608
8,070
5,185
1,566
5,339
976
.070
8,376
9,063
8,588
738, 200
907,600
9,052 18,772
851,800 871,300
819,600 691,800
27,811
8,253
827,800 806,500
626, 500 577,800
0
670,400 615,800
622, 200 702,000
6,068
202
11,389
19,144 12, 022 21, 923 20, 323
540, 500 532,400 602, 700 606, 700 789,300
781, 800 888, 200 1,001,800 1,028,500 1,063,100
65, 520
81,760
60,480
73,920
69,160
73,360
68,600
83,160
74,480
84,840
79, 240
79,800
86,240
83, 720
82, 040
81, 760
85,120
93, 520
91, 560
80, 080
85, 680
89,600
89,320
5,045
1,575
1,099
2,371
5,213
1,653
1,105
2,456
5,516
1,837
1,128
2,550
5,264
1,633
1,146
2,486
5,646
1,760
1,237
2,649
5,328
1,725
1,168
2,435
5,231
1,691
1,134
2,407
5,827
1,942
1,287
2,598
5,300
1,886
1,162
2,252
5,809
1,969
1,273
2,567
6,097
1,997
1,326
5,968
1,798
1,399
2,771
2,775
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption^
long tons..
Imports, including latex and Guayule §
do
Stocks, end of months
do
Synthetic rubber:*
Consumption
do
Exports
do
Production
_
do
Stocks, end of month...
do
Reclaimed rubber:^
Consumption
do
Production
do
Stocks, end of month
do
16,466
9,545
176,768
21,998
21,627
169,490
31,123
35,421
28,405
37,323 38, 802 45, 328 40, 983 43,104 43, 818 43,098
41,737 46,887
35,731
93,026
59, 266 46, 658 92, 779 60, 678 36,088 46,011
185, 580 199, 591 200, 799 218, 672 237,467 294,191 283, 479 280, 812 292, 970 331, 781
62,899
5,367
63,388
94,095
54,562
3,166
63,176
101,007
60, 729 57,794 53,453
58, 764 53, 321 55,514
54,333 48, 663
61,486 58,798
487
1,786
2,603
3,450
2,434
2,188
665
441
710
1,877
62,103
64, 300 63, 765 62, 086 60, 305
59,125 57, 478 50,117 39,069
103,076 108,840 110,913 113, 556 114, 963 115, 655 119,912 121,322 116, 829 106,848
21,725
24,882
35, 295
21, 350
22,619
35,603
24, 566
25,798
35,742
23, 715
23,956
35,404
26, 706
26, 322
34,261
24, 385
24, 748
33,516
23, 597
25, 254
33,666
27, 715
25, 545
30, 053
25, 484
23, 990
27, 417
26,157
26, 209
31,940
25, 066
26, 696
33, 527
21, 697
25,392
37, 223
.thousandsdo...
do._.
do._.
do...
235
6,323
6,503
937
3,276
248
5,985
6,304
1,534
2,819
264
7,054
6,825
1,689
155
7,233
6,947
1,636
3,372
198
8,197
8,425
1,874
3,041
358
7,595
7,478
1,656
3,112
413
7,511
8,137
1,839
2,448
411
8,508
7,499
1,922
3,328
353
7,915
7,360
2,138
3,865
363
8,577
7,892
2,457
4,516
419
8,333
7,273
1,894
5,608
502
8,104
7,283
2,005
6,426
do___
do
do...
___do.__
205
5,917
5,942
4,404
192
5,826
6,170
3,907
193
7,034
6,918
3,929
109
7,148
6,702
4,433
125
8,187
4,106
258
7,680
7,260
4,483
313
7,402
7,923
3,820
334
8,719
7,188
5,075
282
7,841
6,289
6,621
297
7,921
6,466
8,050
337
7,093
5,731
9,480
475
5,752
5,571
9,772
143, 017 158,716
155,873
146,352
TIRES AND TUBES
Pneumatic casings:§
Exports
Production
Shipments
Original equipmentStocks, end of month
Inner tubes:§
Exports
Production
__
Shipments
Stocks, end of month
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and cloth, shipments
reams. _ 134,834
147,807
140,813
161,631
150,726
166,649
164, 733
15,971
81
18,188
17,092
5,744
14,489
73
14, 564
11,894
4,928
15,420
75
16. 249
11,064
4,788
16, 213
79
17,955
9,308
4,580
16, 450
83
17,153
8,612
3,898
16, 410
81
17, 721
7,298
15,335
78
14,803
7,830
3,512
19. 550
17. 932
376,587
354,086
235,490
18.074
481,547
447,614
263,564
18. 218
501,287
481,377
286,534
18. 519
470,998
443,647
310,814
18. 551
509,839
480,121
339,129
19. 010
455,676
424,705
368,953
19. 270 19. 292 19.400 19. 412 19. 416
19.095
381,146 376, 848 334,624 339, 963 377,586 410, 744
354,782 324, 868 268, 460 326,776 382,610 400, 530
383, 824 448, 752 509,022 522, 627 515,806 526, 649
104,107
99, 706
52, 285
119,041
117,723
56, 608
125,352
124,293
56,923
116, 845
115, 474
57, 664
128, 276
122,157
62, 633
123,976
107,833
80, 497
113,682 112,119
97, 421 97,443 107,543
102, 278 97, 764 82, 505 96,050 107,101
87, 580 101, 950 116, 503 118, 075 118,637
92, 369
98, 634
129,427
107,901
104.072
134,529
108,042
108,446
133,143
99, 000
106, 518
125, 491
116. 567
110, 751
131, 330
102,857
98, 495
134, 560
145, 383 151,364
PORTLAND CEMENT
Production
_
Percent of capacity
Shipments
1
Stocks, finished, end of month
Stocks, clinker, end of month
thous. of bbl__
__.thous. of bbl._
do
do
14, 557
71
11,494
10, 921
3,886
13,406
66
8, 395
15,931
4,693
12, 618
68
8,434
20,112
5,354
14, 205
69
12,133
22,178
5,996
r
14, 566 13,389
74
66
15,414 • 15,328
21,331
•
19,308
r
6,338 ' 6,326
CLAY PRODUCTS
Brick, unglazed:
Price, wholesale, common, composite, f. o. b. plant
dol. per thous..
Production*
thous. of standard brick..
Shipments*
do
Stocks, end of month*.
__do
Structural tile, unglazed:*
Production
_
short tons..
Shipments
.do
Stocks
_do
Vitrified clay sewer pipe:*
Production
do
Shipments
do
Stocks
do
104, 978
104,863
115, 773
103,135 112,992 104, 504 109, 254 101,914 117,071
103, 313 103, 896 93, 241 107, 758 107,851 114, 545
137,887 143,194 154,653 156,061 150,033 152, 410
r
Revised. §Data continue series published in the 1942 Supplement but suspended during the war period. Data for 1941-45 for tires and tubes and imports of natural rubber are
shown on pp. 22 and 23 of the December 1946 Survey. Data for October 1941-February 1945 for other series will be published later.
\ For source of the indicated series and 1941-45 data, see p. 23 of December 1946 Survey; these data continue similar series published in the 1942 Supplement.
* New series. Data for 1943-45 for exports of synthetic rubber and for 1941-45 for other synthetic rubber series are shown on p. 23 of the December 1946 Survey. For September
1942-December 1943 data for brick see p. 24 of the February 1945 Survey and for 1939-45 data for clay sewer pipe, p. 23 of December 1946 issue; data for September 1942-February 1945
for unelazed structural tile are shown on p. 20 of the April 1947 Survey.
tData for asphalt roofing have been published on a revised basis beginning in the April 1945 Survey; see note in that issue.
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
June
August 1947
1946
June
July
SepAugust tember
1947
October
Novem- December
ber
January
February
March
April
May
STONE , CLAY, AND GLASS PRODUCTS—Continued
GLASS PRODUCTS
Glass containers :f
Production..
thous. of gross.
Shipments, domestic, total
do...
General use food:
Narrow neck food
do
Wide mouth food (incl. packers tumblers) __do..Beverage_-.
do...
Beer bottles
do...
Liquor and wine
do...
Medicinal and toilet
do
General purpose (chem., household, indus.)__do.._
Dairy products
_
do...
Fruit jars and jelly glasses
.do...
Stocks, end of month...
_
do...
Other glassware, machine-made:
Tumblers :f
Production
thous. of doz.
Shipments
.,.
._
...do...
Stocks
.do.—
Table, kitchen, and householdware, shipments t
thous. of doz.
Plate glass, polished, production..
thous. of sq. ft.
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
9,619
8,316
8,991
9,426
9,001
10,659
10,406
9,815
9,633
10, 533
10, 376
9,610
9,332
9,344
9,352
11,153
10,101
9,281
8,650
10, 582
9,645
10,358
9,637
928
1,650
1,093
1,616
663
1. 309
'433
305
320
6,854
865
2,502
653
415
1,059
1,899
663
280
346
3,729
962
i 2,629
595
374
1,146
1,975
676
284
1360
3,911
1,287
i 3, 217
615
417
1,252
2,221
717
332
»347
3,917
1,309
2,864
529
460
1,216
2,051
582
314
309
3,940
971
i 3,204
571
576
1,408
2,491
687
364
U05
3,906
744
2,978
517
573
1,372
2,099
658
318
73
3,905
723
12,881
513
639
1,342
2,227
651
331
144
3,591
743
13,078
623
832
1,420
2,295
725
359
125
4,167
679
i 2, 445
569
804
1,262
1,947
620
286
138
4,554
918
2,481
760
1,140
1,293
1,906
658
356
133
5,141
1,050
2,307
853
1,342
993
1,967
610
354
161
5,475
6,210
5,261
7,729
7,389
6,347
4,920
6,070
5,984
4,997
7,891
7,946
4,784
6,711
6,078
5,352
7,763
7,657
5,326
6,848
6,527
6,544
6,470
6,242
4,879
7,586
6,352
5,095
4,835
4,736
6,478
6,272
5,975
5,575
6.339
6,140
6,262
3, 331
21,026
3,847
16,316
3,553
18,409
4,335
16,803
3,645
21,142
5,000
23, 271
3,168
20, 781
2,298
18, 411
4,489
21,980
2,668
20, 268
2,213
22,605
3,454
21, 419
short tons.
do...
do
do
.do...
do...
do...
thous. of sq. ft_
do...
do...
short tons.
300,815
1,306,845
946,851
571, 871
1,522,455
1,172,746
541, 733
1,642,030
1,249,901
186,199
1,557,162
1,163,981
408,263
389,021
472,603
519, 788
331, 237
8,295
91, 524
281, 750
4,055
443,327
52,320
422,025
8,392
103, 442
295,620
4,508
557,537
49,941
482,306
9,871
115, 806
328, 491
5,138
589,374
55, 484
11,833
109,089
364,675
5,464
517, 458
58, 577
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
thous. of dozen pairs.
Shipments..
do_..
Stocks, end of month
___do...
COTTON
Cotton (exclusive of linters):
Consumption..
_
bales..
Exportsd"
do
ImportscT
do
Prices received by fanners f
dol. per lb__
Prices, wholesale, middling, i^e", average, 10 markets
dol. per lb__
Production:
Ginnings§
thous. of running bales
Crop estimate, equivalent 500-lb. bales
thous. of bales.Stocks, domestic cotton in the United States, end of
month :J
Warehouses
thous. of bales..
Mills..
do_._.
Cotton linters:
Consumption
do
Production
_
do
Stocks, end of month
do
13, 002
13,140
15, 971
11, 984
11,008
16, 854
13, 545
12,135
18,129
13, 204
13, 519
17, 720
14,554
15,138
17, 087
13, 289
13, 583
16, 722
12,122
11, 953
16,802
14,592
13,394
18, 464
13,171
12,529
18, 642
12,921
12, 711
18,853
13,029
12, 535
19, 346
729,603
366,510
27,694
855,611
413,395
17,896
947,036
289,672
10, 543
840, 463
385, 050
10,381
.306
875,124
382,909
12,083
.336
877,461
455,342
51,218
.292
774,177
361, 370
14,630
.308
818,449
242,177
40,984
.353
931,229
103, 781
36,201
.341
792,317
409,926
16, 355
.260
882,880
275,104
9,898
.323
.372
.292
.334
.355
728, 251
162
632
2,334
.377
.300
.297
.361
.324
.319
5,725
7,783
8,166
.319
.333
.352
' 8, 513
2
1,168
1,599
5,320
2,179
4,414
2,179
3,785
1,983
4,280
1,865
73
23
382
84
15
94
14
347
87
26
285
75
74
292
.351
8,637
5,845
1,928
6,161
2,019
5,939
2,125
5,192
2,159
4,243
2,161
3,319
2,135
2,469
2,040
79
162
349
82
169
79
129
437
94
136
472
97
485
87
68
483
85
51
466
COTTON MANUFACTURES
Cotton cloth:
Cotton broad woven goods over 12 inches in width,
2,299
2,190
production, quarterly*
mil. of linear yards..
2,359
2,470
Cotton goodsfiinished,quarterly:*
1,788
1,604
Production, total
do
1,810
1,792
765
878
Bleached
_
do
897
901
449
Plain dyed
do
467
492
390
443
Printed
do
421
402
59,444
41,109
41, 201
57. 382
68, 310
68,907
Exportsd*
thous. of sq. yds_.
99,872
86,338
123, 375 138,196
5,443
3,581
2,311
3,607
2,459
1,792
Importscf
-do
2,190
1,123
1,687
907
Prices, wholesale:
22.01
< 24. 97
25.93
27.40
30.86
40.78'
47.72
Mill margins.
...cents per lb_. 46.46
51.60
52.36
53.37
51.25
.280
.312
.323
.256
.338
.338
.338
Denims, 28-inch
dol. peryd_.
.338
.338
.338
.338
.338
.126
.134
.140
.146
.114
.147
Print cloth, 64 x 60*
do.
.228
.192
.248
.185
.255
.227
.138
.165
.172
.180
.180
.138
Sheeting, unbleached, 36-inch, 56 x 56©
do.
.232
.240
.245
.232
r
Revised.
i Jelly glasses included with wide mouth food containers. * Total ginnings of 1946 crop. 3 Not available.
* Based on cloth prices for July 24,1946, from the "Textile Apparel Analysis" forfirst3 weeks of the month and O. P. A. ceilings for last week.
• Data continue the series shown in the Survey through the October 1943 issue; this construction was discontinued during the war period.
0 This series was substituted in the November 1943 Survey for the price of 56 x 60 sheeting, production of which was discontinued during the war period.
§ Total ginnings to end of month indicated. © Includes laminated board reported as component board; this is a new product not produced prior to 1942.
cf Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
t See note in February 1947 Survey for source of August 1941-March 1942 revisions and total cotton stocks in the United States July 31,1946.
•New series. For a brief description of the data for cotton broad woven goods and 1943figuressee p. S-35 of August 1944 Survey and for 1939-45 data for cotton goods finishing
p. 23 of August 1946 issue.
t Revised series. See note on p. S-34 of the July 1944 Survey regarding changes in the data for glass containers and comparablefiguresfor 1940-42 and note in May 1946 Survey
for changes in the reporting companies for other machine-made glassware; glass container data since October 1945 are from the Bureau of the Census. For revisions for August 1937July 1942 for farm price ©f cotton, see p. S-35 of June 1944 Survey.
SURVEY OF CURRENT BUSINESS
August 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
1946
June
September
June
July
August
S-39
1947
October
Novem- December
ber
January
February
March
April
May
TEXTILE PRODUCTS—Continued
COTTON MANUFACTURES—Continued
Cotton cordage, rope, and twine production, quarterly*
31,488
29,201
29,855
thous. of lb.
Cotton y am:
217,783
212,941
218,
508
Produc tion (sale yarn), total*
-do—
Carde d and combed yarns:
79,874
81,254
84,835
Weaving
_
do—
73,614
69,878
73,005
Machine knitting
_do_-_.
9,272
9,478
9,472
Thread
do—
42, 802
40,998
40,112
All ot her carded and combed
do—
12,
221
11,333
11,
084
Cotton-rayon and other mixed
fiber
-do
Prices, wholesale:
Southern, 22/1, cones, carded, white, for knitting
.543
.706
.671
.643
.699
.715
.715
(mill)t
dol. perlb>._
.672
.804
.672
.756
.834
1.819
1.819
».819
1.819
1.819
1.882
Southern, 40s, single, carded (mill)
do
Spindle activity:
21,324
21,944
21,984
22,019
21,639 21,754 21,524 21, 688 21,919
21, 954 21,953 21,805 21,624
Active spindles
thousands.
9,103
9,037 10,143
8,007
9,449
9,499
8,671 10,588
8,807
9,590 10,030 10,243
9,928
Active spindle hours, total
.mil. of hr_
382
379
336
396
397
424
362
444
402
421
428
415
Average per spindle in place
hours..
115.4
113.6
114.4
95.3
112.4
116.2
119.6
107.8
123.3
125.4
125.6
121.7
119.7
Operations...
Pet. of capacity..
RAYON AND MANUFACTURES
Yarn and staple fiber:
Consumption:
51.8
54.2
52.0
53.8
57.3
58.0
55.9
59.6
62.4
56.3
60.0
Filament yarn
mil. of lb .
60.0
'59.5
15.4
14.1
14.0
15.6
15.0
13.0
15.7
12.9
15.1
14.9
Staple
fiber
-—do
16.2
'18.3
'18.4
3,428
2,423
3,653
3,108
3,708
4,277
5,770
4,326
Imports§
thous. of lb_.
4,233
4,350
2,501
Prices, wholesale:
Yarn, viscose, 150 denier, first quality, minimum
.550
.550
.6C0
.550
.550
.585
.550
.620
.620
.690
filament
—dol. perlb..
.250
.320
.250
.250
.250
.265
.250
.280
Staple fiber, viscose, 1H denier
do
.320
.320
.320
.320
Stocks, producers', end of month:
7.3
8.4
8.7
9.1
8.4
9.7
9.7
6.0
7.3
6.9
Filament yarn
mil. of lb._
7.0
7.7
'8.5
1.8
6.1
2.2
2.3
2.5
2.6
1.6
2.3
Staple
fiber
—do
3.1
2.9
3.8
2.6
2.7
Rayon goods, production, quarterly:*
439,178
408,204
428,131
Broad woven goods
...thous. of linear yards...
462,579
454,322
384,574
439, 912
Finished, total
do
465,260
51,659
41,669
50, 587
White
finished
—
do.—
64,123
299,498
267,185
299, 595
Plain dyed
do
299,072
103,165
75,720
89,730
102,065
Printed
-—do
WOOL
Consumption (scoured basis):J
49,604
60,750
49,788
49,900 63,375 48,156 46,656 57,750 48,944 45,724 52,970 38,468
Apparel class
—
_thous. of lb_.
10,268
9,135
10,308
10,260 13,435 11,492 11,752 14,250
Carpet class
...do.
13, 088 13, 676 15, 995 13,464
73, 717 103, 453
89, 723 85,658
70, 236 66,177 56,553 73, 614 57, 705 67,528 63, 291 62.112
Imports!
do.
Prices, wholesale:
1.225
.995
.995
.995
1.037
1.106
1.145
1.155
1.165
Raw, territory. 64s, 70s, 80s, fine, scoured*.dol. per lb_.
1.195
1.225
1.225
.465
.465
.465
.465
.565
.490
.480
.530
.530
Raw, bright fleece, 56s, greasy*
do
.545
.555
.565
.565
Australian, 64-70s, good top making, scoured, in bond
.745
.745
.745
.745
.757
.789
.850
.850
(Boston)*.
dol. per l b . . 1.002
.850
.872
.939
.990
567, 349
597, 502
Stocks, scoured basis, end of mo., totalf...thous. of lb__
497,732
544, 729
466, 489
490, 847
442, 224
Apparel, totalf
do.
404,228
264,897
297,499
273, 916
Domesticf
do_
244,579
201, 592
193,348
168, 308
Foreignf
___do.
159,649
106,655
100,860
102,505
Carpetf
do.
93,504
WOOL MANUFACTURES
Machinery activity (weekly average) :^
Looms:
W^oolen and worsted:
2,640
2,159
2,592
2,551
2,687
Broad
thous. of active hours—
2,547
2,503
2,632
2,516 2 -2,322 2 2,198
84
Narrow
do
86
85
86
70
66
46
47
77
75
Carpet and rug:
107
106
105
Broad
do
113
110
113
109
118
131
127
130
78
94
94
Narrow
do
101
100
101
114
114
117
'117
102
70
Spinning spindles:
123,986
98,191 123,886 120,847 122, 605 117,164 112, 558
Woolen
___do
108, 936
' 88,402 83,102
114,
293
89,145 110,807 112,153 118,212 112,384 114,515 114,434 123,186 122,115 118,421 112,346
Worsted
.-do
220
177
217
223
Worsted combs
do
221
230
226
245
245
223
'236
227
Woolen and worsted woven goods (except woven felts) :*
154,414
146, 588
Production, quarterly, total._.thous. of lin. yards.156,907
144, 286
134,017
127,201
Apparel fabrics
do
137,358
125, 733
58,093
55,026
Men's wear
..do
61,309
61,143
60, 734
56,859
Women's and children's wear...
...do
61,037
49, 270
15,190
15,316
General use and other fabrics
do
15,012
15,320
12,077
11,833
Blankets
do
12,211
11,126
7,554
8,320
Other nonapparel fabrics
.do
7,338
7,427
Wool yarn:
75,255 73,316 75,383 72,968 92,938 71,308 68,303 82,915 68, 768 65, 276 73,355 55,848
Production total*1
--..thous. of l b . .
12,987 12,968 12,871
Knitting*!
—
do...12,420 15,509
11,495 10, 568 12,495
9,712
8,756 ' 8,845
6,312
51, 676 50, 744 51,864 50, 348 63, 591 48,415 46,486 56,615 46,624 43,624 49,425 37,012
Weaving*i
_
do
10,
592
9,604
10,648
10,200
13,838 11,398 11,249 13,805 12, 432 12,896 15,085 12, 524
Carpet and other*}
do.
Price, wholesale, worsted yarn, 2/32s (Boston)
1.900
1.900
1.950
1.900
1.900
1.900
1.900
1.900
1.950
1.950
1.950
1.950
1.950
dol. per lb_.
MISCELLANEOUS PRODUCTS
4,236
3,103
4,813
7,553
4,640
3,332
Fur, sales by dealers
thous. of doL.
Pyroxylin-coated fabrics:J
13,468 13,800 13, 589 13,281
12,914 12,354 13,194 12,531
7,778
12,152 11,458
9,928
8,177
Orders, unfilled, end of month
thous. lin. yd
5,748
5,651
6,972
6,287
4,557
7,480
7,205
7,058
7,754
7,201
6,534
6,667
5,726
Pyroxylin spread
_
_.-thous. of l b . .
7,653
7,371
8,552
6,034
7,151
9,867
9,217
9,135
9,423
7,897
8,419
7,121
Shipments, billed
thous. lin. yd.
' Revised. * Quotations are for cotton yarn twisted, 40/1, carded, and are not comparable with data prior to November 1946; comparable October 194R figure $0 819
2
Data exclude operations of pile and Jacquard looms amounting to 91,000 (revised) and 81,000 hours (weekly average) for April and May respectively
IData for April, July, and October 1946 and January and April 1947 are for 5 weeks; other months 4 weeks.
§Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
JSee note in the April 1946 Survey with regard to changes in these series; data related to cotton fabrics only prior to August 1945.
fRevised series. See p. S-35 of the November 1942 Survey for 1941 data for the yarn price series and p. S-35 of the May 1943 issue regarding a change in the coverage of the wool
stocks series; stocks were revised in the March 1947 Survey to include corrections and to transfer wool 40s and below to apparel class; revised data for 1942-45 will be shown later
stocks include wool held by Commodity Credit Corporation but exclude foreign wool held by Defense Supplies Corporation.
'
•New series. For 1939 and 1943-45 data for rayon goods finishing, see p. 23 of the August 1946 Survey. Data for rayon wo
f
g
pc
e f
ustraia wool is from the Department of Agriculture; prices are before payment of duty; data beginning 1936 will be shown later; 1939-43
wool price series are on p. 24 of the February 1945 Survey. For available data for 1937-43 for woolen and worsted goods production, see p. 19 of May 1945 Survey.
Digitizedother
for FRASER
SURVEY OF CUEEENT BUSINESS
S-40
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
1946
June
September
June
July
August
August 1947
1947
October
Novem- December
ber
January
February
March
April
May
TRANSPORTATION EQUIPMENT
MOTOR VEHICLES
Exports, assembled, total§
___.numberPassenger cars§
do
Trueks§
do...
Factory sales. total§
do
Coaches, totaL..
do_._
Domestic
.
do
Passenger cars, total
do___
Domestic.
do...
Trucks, total
do...
Domestic.
...do...
Production:*
Passenger cars
do...
Trucks and truck tractors, total (incl. military), do. _.
Civilian, total
do...
Heavy
_
.do...
Medium
do...
Light.
_
-do...
Truck trailers, production, total*
do...
Complete trailers
..do...
Vans
do___
All other
do...
Chassis shipped as such
do...
Registrations:§
New passenger cars
do...
New commercial cars
do___
401, 552
1,628
1,409
305,943
281,867
93, 9S1
73, 693
23, 694 32, 203 27, 371 23, 017
10, 518 14, 937 12, 477 11.832
13,176
17, 266 14, 894 11,185
297, 633 346, 209 328, 795 391, 727
862
1, 067
833
975
833
867
758
923
141,090 209,180 247, 261 232, 280 283, 586
131, 284 195,158 229, 083 218, 645 263,236
60, 038 87, 591 97, 881 95, 682 107,166
50, 247 72,102 78, 283 77, 501 88, 207
23, 644
7,013
16, 631
201, 902
774
751
47, 708
22, 496
25, 212
371,156
1,146
1,102
269, 081
250, 379
100,929
79,138
41,158
16, 257
24,901
375, 719
1. 438
1, 339
266, 665
244,931
107,616
82, 774
142, 313 220, 321 241, 302 239,412 285, 606 261, 007 262, 076
58, 739 93,458 105,516
92, 014 109, 953 100, 552 101, 484
58, 739 93, 458 105, 516 92, 014 109,953 100, 552 101, 484
4,066
6, 071
5,995
4,840
8,940
8,401
7,691
18, 608 49, 529 57,062 44,559
51,175
50,158 51,825
36, 065 37, 934 43, 614 41,384 49, 838 41,993 41,968
5,033
6, 578
5,966
7,650
8,731
7,449
6,886
4,459
6,143
5,654
7,207
8,153
7,051
6,506
1,983
2,679
2,287
3,987
3,091
3,147
3,461
2,476
3,464
3,367
4,166
4,116
3,904
3,045
574
435
312
443
578
380
493, 299 172,961 199,316
46, 488 53, 657 62,820
219, 281 225,180 230,424
69, 565 74, 708 63,978
40,268
19, 742
20. 526
347,696
* 1, 273
r 1,115
246,605
226,695
' 99,818
'77,434
252,100
102, 727
102, 727
10. 458
48,978
43,291
7,523
7,206
3,762
3,444
317
274, 735 209.063
69,453
62,477
41,678 54,765
25,666
19.321
22. 357 29, 099
421,180
373,360
r 1, 303
'1,090
267,015
245,081
105,042
r 83,276
280,018
118,234
r 92,082
57, 291
26,711
30,580
423,399
1, 650
1,465
314,765
291,953
106,984
' 83, 515
263, 998
114,909
114, 909
9,250
57, 757
47, 902
6,570
6,236
3,258
2,978
334
302, 954
117,217
117, 217
11,445
56,137
49,635
5,942
5,568
2,662
2,906
374
5,277
r 4,973
2,106
r 2, 867
304
214,333
63, 752
264,714
79, 344
8,873
3,489
73
73
1,421
1,272
301.525
RAILWAY EQUIPMENT
American Railway Car Institute:
Shipments:
Freight cars, total
number..
Domestic
do
Passenger cars, totalt
do
Domestic!
-do
Association of American Railroads:
Freight cars, end of month:
Number owned
thousands..
Undergoing 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.
Equipment manufacturers
do
Railroad shops
do
Other locomotives, total*
do
Equipment manufacturers*
do
Railroad shops*
do
Exports of locomotives, total §
do
Steam§
do
Other§
.do...
5,243
4,230
67
63
2,662
2,094
56
56
3,098
2,570
61
61
4,625
4,234
1,734
77
4.7
93,159
68,675
24, 484
1,749
78
4.7
36,058
28,683
7,375
1,748
80
4.7
41,417
34,609
6,808
2,735
7.6
3,179
8.3
70
16
529
515
14
INDUSTRIAL ELECTRIC TRUCKS AND
TRACTORS
Shipments, total..
Domestic
Exports.
.number.
do...
do__.
273
260
13
3,915
3,244
69
34
5,957
3,057
45
45
7,188
2,442
60
60
6,737
2,056
60
60
6,991
2,265
58
58
7,575
1,784
69
8,816
2,439
53
53
1,748
74
4.4
42,714
35,367
7,347
1,746
73
4.3
53,727
37, 213
16, 514
1,743
67
4.0
52,817
36,942
15,875
1,742
67
4.0
54, 413
39,179
15, 234
1,740
67
4.0
54, 778
38, 716
16,062
1,740
66
4.0
60,529
44,144
16, 385
1, 738
68
4.1
66, 353
49, 934
16, 419
1,736
69
4.2
78,080
60,446
17,634
1,736
72
4.3
84, 288
63, 935
20, 353
3,298
8.7
3,217
8.5
3,195
8.5
3,204
8.5
3,137
8.4
3,175
8.6
3,131
8.5
3,045
8.3
3,011
8. 3
76
60
16
528
514
14
227
174
53
69
55
14
487
473
14
236
140
96
65
53
12
490
490
0
114
66
3,147
8.4
67
57
10
506
506
0
92
58
34
65
57
8
499
499
0
253
141
112
64
57
7
540
540
0
192
49
143
53
48
5
686
586
0
195
45
42
3
635
635
0
188
127
61
52
51
1
0
186
73
113
0
626
626
0
143
71
72
258
247
11
265
245
20
229
220
311
293
18
276
258
18
330
306
24
320
294
273
251
22
320
283
37
420
377
43
177.6
174.6
188.9
115.3
CANADIAN STATISTICS
Physical volume of industrial production, adjusted:
Combined indexf
1935-39=100.
Electric powerf
do...
Manufacturing!
do___
Miningf
do...
Distribution, combined indexf
do...
Agricultural marketings, adjusted:!
Combined index
do...
Grain. _
do
Livestock
do...
Commodity prices:
Cost of living
...do...
Wholesale prices
1926=100.
R ail ways:
Carloadings
,
_.thous. of cars.
Revenue freight carried 1 mile...
...mil. of tons.
Passengers carried 1 mile
mil. of passengers.
134.9
127.8
156.4
164.5
165.4
100.5
178.0
153.5
168.2
161.7
68.5
178.6
149.7
164.3
157.8
95.5
183.4
152.1
155.2
160.5
102.7
175.0
157.6
155.3
167.8
100.9
168.1
165.6
154.0
177.6
104.1
183.6
167.9
158.3
179.2
109.5
200.2
173.8
173.5
184.9
110.4
208.2
176.3
172.5
189.0
106.8
181.9
177.1
174.2
188.5
113.3
179.7
97.1
92.9
115.4
146.6
148.4
138.7
132.8
133.2
131.0
97.2
96.5
68.5
106.8
103.2
122.5
121.7
115.1
150.5
108.2
98.1
152.2
134.7
140.4
109.5
77.7
70.2
103.7
96.5
97.6
91.4
123.6
109.3
125.1
109.7
125.6
109.3
125.5
109.2
126.8
111.0
127.1
111.6
127.1
112.0
127.0
114.2
127.8
118.1
128.9
120.4
130.6
122.9
291
4,055
420
305
4,048
484
325
4,406
501
324
5,142
373
371
5,467
292
349
5,267
279
295
4,814
341
302
4,743
287
270
3,963
241
5,259
268
311
4,972
276
«• Revised. * Total for January-June; monthly data not available.
JData for October 1945-January 1946 and April 1946 include converted troop kitchens and troop sleepers.
§Data continue series published in the 1942 Supplement, except that changes have been made in the classifications in some instances. Data for exports of "total locomotives" and
"other locomotives" were revised in the May 1946 Survey (see note in that issue); data through February 1945 for the revised series and for October 1941-February 1945 for the other
export series will be published later. In the factory sales data, coaches were formerly included with trucks and changes have been made in the classification of certain special type
vehicles; revised monthly figures for 1940-41 and annual totals for 1942-45 are shown on p. 24 of the June 1947 Survey; the factory sales figures include certain types of vehicles (for
example, half-tracks) not included in the production figures above. Revised figures for new car registrations beginning 1940 for commercial cars and 1941 for passengers cars through
March 1942 will also be published: R. L. Polk Co., source of these data, did not report registrations for April 1942-December 1945.
later. Data for truck trailers are from the Bureau of the Census and are industry totals; annual total production for 1939-41 and monthly figures for 1942-45 will be published later.
t Revised series. The Canadian index of industrial production has been completely revised beginning 1935; earlier data are in process of revision. The number of industries and
products represented in the index has been greatly increased and the construction component has been omitted in view of the inadequacy of current data. Revised indexes for distribution and agricultural marketings have been shown beginning in the December 1942 issue.
U. S . GOVERNMENT PRINTING OFFICE: 1 9 4 7
INDEX TO MONTHLY BUS5NESS STATISTICS, Pages S1-S40
Pages marked S
brasive paper and cloth (coated)
37
rids
---—
23
Ivertising
6, 7
?ricultural income, marketings
1
»ricultural wages, loan*
14,15
r-line operations
21
rcraft industry..
10, 11, 12, 13, 14
cobol, denatured, ethyl, and methyl
23
cohoiic beverages
1, 2, 26
uminum
32
limal fats, greases
24,25
ithracite
2,4,11,12,13, 14,35
Dparcl, wearing.... 4, 6, 7, 8,10,11,12,13,14,38,39
•med forces
9
tphalt..
...
37
ltomobiles
1, 2, 6, 7,10,11,12,13,14,17
inking .
15
u-ley
—
27
jrrels and drums
32
sttery shipments
34
;ef and veal
28
averages, alcoholic
1,2,26
tuminous coal
2,4,11,12,13,14,35,36
>ilers
_
33
>nds, issues, prices, sales, yields
18, 19
>ok publication
35
ass
32
ick
4,37
okers' loans
15, 18
lilding contracts awarded
5
lilding costs
5, 6
lilding construction (see Construction).
lilding materials, prices, retail trade
4,7,8,9
isinesses operating and business turn-over._
3
ltter
26
median statistics
16,17,40
mdy
28
ms, metal
32
ipital
flotations
18
For productive uses
18
irloadings
22
ittlf and calves
27, 28
'llulose plastic products
25
>ment
1,2,4,37
Teal and bakery products
4
lain-store sales
8
leese
26
lemicals
1, 2,3, 4,10,11,13,14,17, 23
gars and cigarettes
29
vil-service employees
11
ay product? (see also Stone, clay, etc.)
1, 2, 37
othing
4,6, 7,8, 10, 11, 12, 13, 14,38
>al
2,4,11, 12,13,14,35,36
>coa
28
>ffee
28
>ke
2,36
mimercial and industrial failures
3
instruction:
New construction, dollar value
5
Contracts awarded
5
Costs
5,6
Dwelling units started
5
m
Highway
5, 11
Employment, wage rates, earnings, hours
9,
11,12,14
msumer credit
15, 16
msumer expenditures, consumers' price index . 4,7
>pper
32, 33
>pra and coconut oil
24
>rn
__
27
>st-of living index. (See Consumers' price
index)
4
>tton, raw, and manufactures
2,
4, 10,11,12,13, 14,38,39
ittonseed, cake and meal, oil
24
anes, electric overhead
33
ops
1, 24, 26, 27
irrency in circulation
17
siry products
1, 2,3,4, 26
•bits, bank
15
:bt, short-term, consumer
15, 16
;bt, United States Government
17
apartment stores, sales, stock*, collections.. 7, 8, 9
?posits, bank
15, 17
sputes, industrial
12
stilled spirits
26
vidend payments and rates
1, 19
ug store sales
7, 8
veiling units started
5
trnings, weekly and hourly
13, 14
;gs and chickens
1, 3, 4, 28
ectrical equipment
2,3,7,34
ectric power production, sales, revenues
25
nployment estimates
.
9, 10
nployment indexes:
Factory, by industries
10, 11
Nonmanufacturing industries
11
nployment security operations
12
nigration and immigration
22
igineering construction
5
:change rates, foreign
16
:penditures, United States Government
17
:plo«jive8
23
:ports (see also individual commodities)
20, 21
ctory, employment, pay rolls, hours, wages.
9,
10,11, 12,13,14
lilures, industrial and commercial
3
[irchild's retail price index
4
rm marketings and income
._
1
rm wages
14
irm products, farm, and wholesale prices
3, 4
Digitized
its and oilsfor FRASER
_
._
4, 24, 25
Pages marked S
Federal Government, finance
17, 18
Federal Reserve banks, condition of
15
Federal Reserve reporting member banks
15
Fertilizers
4, 23
Fire losses
6
Fish oils and
fish
__
24,28
Flaxseed
24
Flooring
„
30
Flour, wheat
27
Food products
2,
3, 4, 7,10,11,12,13,14,17, 26, 27, 28, 29
Footwear
2,4,7,8, 10,12, 13,14,30
Foreclosures, real estate
6
Foreign trade, indexes, shipping weight, value
by regions, countries, economic classes and
commodity groups
20, 21
Foundry equipment
33
Freight cars (equipment)
40
Freight carloadings, cars, indexes
22
Freight-car surplus and shortage
22
Fruits and vegetables
2, 3, 4, 26
Fuel equipment and heating apparatus
33
Fuels
_
2,4,35,36,37
Furnaces
33, 34
Furniture
1,4,10, 11,12, 13, 31
Gas, customers, sales, revenues
25
Gas and fuel oils
36
Gasoline
36
Glass and glassware (see also Stone, clay, etc.).
38
Gelatin
___
___
23
Gloves and mittens
30
Glycerin
23
Gold
_
16
Goods in warehouses
7
Grains
_
3, 27
Gypsum
38
Heating and ventilating equipment
33
Hides and skins
4, 29
Highways
5, 11
Hogs
27, 28
Home-loan banks, loans outstanding
6
Home mortgages
6
Hosiery
4,38
Hotels
—11, 13, 22
Hours of work per week
11, 12
Housefurnishings
4, 6, 7, 8
Housing
4, 5
Immigration and emigration
22
Imports...
20, 21
Income, personal
1
Income-tax receipts
17
Incorporations, business, new
3
lodustrial production indexes
1, 2
Instalment loans
15, 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 and manufactures
1,
2, 4, 9, 10, 11, 12, 13, 17, 31, 32
Kerosene..
37
Labor force
9
Labor disputes, turn-over
12
Lamb and mutton
28
Lard.
28
Lead
33
Leather and products
2, 4,10, 11, 12, 13, 29, 30
Linseed oil, cake, and meal
24
Livestock
_-1,3,27,28
Loans, real estate, agricultural, bank, brokers'
(seeslso Consumer credit)
6,15,18
Locomotives
^
40
Looms, woolen, activity
39
Lubricants
37
Lumber
1, 2, 4, 10,11, 12, 13, 30, 31
Machine activity, cotton, wool
39
Machine tools
10, 11, 12, 13, 33
Machinery
1, 2, 10, 11, 12, 13, 17, 34
Magazine advertising
7
Mail-order houses, sales
8,9
Manufacturers' orders, shipments, inventories.
2, 3
Manufacturing production indexes
1, 2
Meats and meat packing-_ 1, 2, 3, 4,10, 12, 13, 14, 28
Metals
1, 4, 10, 11, 12, 13,17, 32, 33
Methanol
23
Milk.
-26
Minerals
_
2, 10, 11, 12, 14
Money supply
17
Mortgage loans
6, 15
Motor fuel
36
Motor vehicles..
7,40
Motors, electrical
34
Newspaper advertising
6, 7
Newsprint
35
New York Stock Exchange
_.19
Oats
27
Oil burners
33
Oils and fata
4,24,25
Oleomargarine
25
Operating businesses and business turn-over. _
3
Orders, new, manufacturers'
2
Paint and paint materials
. . . 4, 25
Paper and pulp
2, 3, 4, 10, 11, 13,14, 35
Paper products
35
Passports issued
22
Pay rolls, manufacturing and nonmanufacturing industries
12, 13
Personal income
1
Petroleum and products
2,
3,4,10,12,13,14,17,36,37
Pages marked S
Pig iron
_
_
32
Plant and equipment expenditures
3
Plywood
31
Porcelain enameled products
32
Pork
28
Postal business
_.
7
Postal savings
15
Poultry and eggs
, 1,3,28
Price* (see also individual commodities):
Consumers' price index
4
Received and paid by farmers
3
Retail price indexes
4
Wholesale price indexes
4
Printing
2,10,11,13,14,35
Profits, corporation
17
Public assistance
14
Public utilities
4,5,11,12,13,14,17,18,19, 20
Pullman Company.
22
34
Pulpwood
34
Pumps
5
Purchasing power of the dollar39
Pyroxylin coated fabrics
Radio advertising
Railways, operations, equipment, financial statistics, employment, wages
11,
12,13,14,17,18,19,20, 22,40
Railways, street (see Street railways, etc.).
Rayon, and rayon manufactures- 2,4,10,12,13, 14,39
Receipts, United States Government
17
Reconstruction Finance Corporation, loans
18
Rents (housing), index
4
Retail trade, all retail stores, chain stores,
department stores, mail order, rural sales,
general merchandise
7,8,9
27
Rice
37
Roofing, asphalt
„
24
Rosin and turpentine
Rubber, natural, synthetic and reclaimed,
tires, and tubes
37
Rubber industry, production index, employ2,
ment, pay rolls, hours, earnings
3,10,12, 13,14
15
Savings deposits
37
Sewer pipe, clay
34
Sewing machines
«
27,28
Sheep and lambs
.
Shipbuilding
_
10,11,12, 13,14
2
Shipments, manufacturers'
Shoes
2,4,7,8,10,12,13, 14,30
25
Shortenings
17
Silver
29
Skins
Slaughtering and meatpacking- 2,10,12,13,14, 27.28
24,25
Soybeans, and soybean oil
39
Spindle activity, cotton, wool
Stee! ingot* and steel manufacture* (see also
32
Iron and steel)
31,32
Steel, scrap
Stocks, department stores (see also Manufac9
turers' inventories)
19,20
Stocks, issues, prices, sales, yields
34
Stokers, mechanical
1,
Stone, clay, and glass products
2,10,11,12,13,14, 37,38
33
Stoves
Street railways and busses
11, 12,14
Sugar
-— 28,29
23
Sulphur
23
Sulfuric acid
23
Superphosphate
--—
29
Tea
_
Telephone, telegraph, cable, and radio-telegraph carriers
11,12,14, 17,22
Textiles
2,3,4,10,11,12,13,14, 38,39
38
Tile.
33
Tin
37
Tires and inner tubes
14,29
Tobacco
2,10,11,13,
Toois, machine..
10,11,12,13, 14,33
Trade, retail and wholesale
7,8,9,11, 13,14
21
Transit lines, local
21,23
Transportation, commodity and passenger
Transportation equipment
2,9,10,11,12,13,14, 17,40
21,22
Travel
,.
40
Truck trailers
40
Trucks and tractors
24
Turpentine and rosin
Unemployment
9
United States Government bonds
17,18,19
United States Government,
finance
17,18
Utilities
4,5,9,12,13,14,17,18,19, 20
Variety stores
Vegetable oils...
Vegetables and fruits
Vessels cleared in foreign trade
Veterans' unemployment allowances
7,8
— 24,25
2,3,4,26
>,
22
12
Wages, factory and miscellaneous
13,14
War expenditures
17
War Savings Bonds
17
Warehouses, apace occupied
7
Water heaters
33
Water transportation, employment, pay rolls__ 11,13
Wheat and wheat
flour
27
Wholesale price indexes
4
Wholesale trade
9
Wood pulp
-- - 4,34
Wool and wool manufactures.. 2,4,10,12,13,14,39
Zinc.
33
NEW AND REVISED ESTIMATES OF THE
National Income and Gross National
Product of the U. S.
Beginning with the July 1947 issue, the
SURVEY OF CURRENT BUSINESS will show
revised national income and gross national
products statistics differing in many respects
from those previously published.
All data prior to July 1947 are subject to
this revision, which extends back to the beginning of the series in 1929.
The completely revised 1929-46 series, with
detail for all component segments, have
been published in a separate NATIONAL
INCOME SUPPLEMENT to the Survey of
Current Business. Thus, this publication
furnishes to business managers and analysts,
economists, and students the new basic
data to which all subsequently published
national income and gross national product
figures will be related.
The SUPPLEMENT contains, in addition
to extensive statistical tables incorporating
the revisions, an explanation of important
changes in fundamental concepts and procedures underlying the data. It has been
prepared by the National Income Division,
Office of Business Economics which compiles the official national income and gross
national product data for the United States.
Now Available in the
NATIONAL INCOME SUPPLEMENT
to the SURVEY OF CURRENT BUSINESS
JULY 1947
For sale by the Superintendent of Documents t Price 25 cents. Order direct from the Superintendent of Documents,
U. S. Government Printing Office, Washington 25, D. C.
@FedFRASER