Full text of Survey of Current Business : August 1951
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AUGUST 1951
U. S. DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
OFFICE OF BUSINESS ECONOMICS
SURVEY
OF CURRENT BUSINESS
DEPARTMENT OF C O M M E R C E
FIELD SERVICE
Albuquerque, N. MeXi
203 W. Gold Are*
Memphis 3, Tenn.
229 Federal Bldg.
Atlanta 3, Ga.
50 Whitehall St. SW*
Miami 32, Fla.
36 NE. First St.
Baltimore 2, Md.
200 E. Lexington St.
Milwaukee 1, Wis.
517 E. Wisconsin Ave,
Boston 9, Mass.
40 Broad St.
Minneapolis 2, Minn.
607 Marquette Ave.
BnfTalo 3, N. T,
117E!!Jcott8f;
Mobile, Ala.
109-13 St. Joseph St.
Butte, Mont.
306 Federal Bldg.
New Orleans 12, La,
333 St. Charles Ave,
Charleston 29, S. C,
6 Hudson St.
New York 4, N. Y.
42 Broadway
Cheyenne, Wyo.
410 Federal Office Bldg.
Oklahoma City 2, Okla.
102 NW. Third St.
3
Chicago 1, 111.
221 N. LaSalle St.
Omaha, Nebr.
403 So. 15th St.
9
Cincinnati 2, Ohio
105 W. Fourth Si,
Philadelphia 6, Pa.
1015 Chestnut St.
Cleveland 14, Ohio
925 Euclid AT©*
Phoenix, Aria.
808 N. First St.
Dallas 2. Tex.
1114 Commerce gfj
Pittsburgh 22, Pa.
717 Liberty Ave.
Denver 2, Colo.
142 New Custom House
Portland 4, Oreg.
520 SW. Morrison St*
Detroit 26, Micb.
230 W. Fort St«
Providence 3, R. I.
327 Post Office Annex.
Ei Paso 7, Tex.
310 San Francisco St.
Reno, Nev.
1479 Wells Ave.
Hartford 1, Conn.
135 High SS5
Richmond 19, Va.
400 East Main St.
Houston 14, Tex.
501 Republic Bldg.
St. Louia 1. Mo.
1114 Market St*
Jacksonville 1, Fla.
311 W. Monroe St.
Salt Lake City 1, Utah
109 W. Second So.
Kansas City 6, Mo.
700 Pickwick Bldg,
Sao Francisco 2, Calif.
870 Market St.
Los Angeles 15, Calif.
112 West 9th St,
Savannah, Ga.
125-29 Bull St*
Louisville 2, Ky.
631 Federal Bldg.
Seattle 4, Wash.
909 First Ave.
No. 8
AUGUST 1951
THE BUSINESS SITUATION
National Income and Product in the Second Quarter
of 1951
Steel Expansion and Demand
. . ,
SPECIAL ARTICLE
State Income Payments in 1950
11
MONTHLY BUSINESS STATISTICS . . . . S-l to S-40
New or Revised Statistical Series
. . . . 22
Statistical Index
. . . . Inside Back Cover
Published by the [7. S. Department of Commerce, C H A R L E S S A W Y E E ,
Secretary. Office of Business Economics, M. JOSEPH ME EH AN,
Director. Subscription price, including weekly statistical supplement, $3 a
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United States Government Printing Office, Washington 25, D, C. Special
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directly with the Superintendent of Documents. Make checks payable to
Treasurer of the United States.
For local telephone listing, consult section
devoted to U. S. Government
Contents are not copyrighted and may be freely reprinted.
AUGUST 1951
THE
INSTALLMENT DEBT is declining —
REPAYMENTS exceed new loans.
BILLION DOLLARS
BILLION DOLLARS
15
3
yX
10
~x\
*s* /A
J
\/^\
1
"
Ml
0
NEW LOANS
2
TOTAL OUTSTANDING,
END OF QUARTER
5
SITUATION
MO. AVG
FOR OTR.
/"**—
I I I
IN
/<
0
i Ii
4fc
By the Office of Business Economics
^W
&
^£^—
s
REPAYMENTS ~
I II
I i i
MORTGAGE DEBT is still rising,
though new loans are off seasonally.
BILLION DOLLARS
BILLION DOLLARS
60
3
MO. AVG. FOR
HALF-YEAR
^
40
2
NEW LOANS
^\
TOTAL OUTSTANDING,
END OF .HALF-YEAR
20 -
\^
**»
1
S
- ^^
j*— —•
••
0
i ! i
i
*>
^ REPAYMENTS
I
0
i
I
BUSINESS LOANS are currently
stable at the first quarter peak.
BILLION DOLLARS
Rise in income and employment
BILLION DOLLARS
30
3
20
^jC
2
N— ~f\
TOTAL OUTSTANDING,
END OF QUARTER
10
1
I I I
i l l
l i t
1949
0
1950
1951
0
"
NEW LOANS
JT.
I Ei
E i i
1949
T950
! I I
1951
NOTE.- MORTGAGE DEBT IS FOR I-TO-4-FAMILY HOUSES; BUSINESS LOANS
ARE FOR FIRST 15 DAYS OF MAR., JUNE, SEPT., AND DEC. BY REPORTING
BANKS IN 19 CITIES; BUSINESS LOANS OUTSTANDING ARE FOR ALL INSURED
COMMERCIAL BANKS.
SOURCES OF DATA: FED. RES. BD., H. L. B. BD.r AND
F. D. 1. CORP.
U. S: DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
E<
jCONOMIC activity in July reflected the continued divergence in the trends of business investment and Government
procurement on the one hand, and of personal consumption
on the other. Military procurement is rising at a steady
pace and industrial facilities expansion is moving ahead at
a high rate. Consumer expenditures show little change
from the reduced rate of recent months, continuing low in
relation to individuals' incomes.
Distributors are gradually adjusting their inventories to a
position more in line with current sales to consumers. This
adjustment is not complete, though both wholesalers and
retailers reported a somewhat more than seasonal decline
in June. Since the end of the first quarter, retailers have
held their inventories substantially unchanged though sales
declined nearly 4 percent. Manufacturers' stocks have risen
further, but here part of the increase has been a direct result
of the expansion in output of military and related goods.
Some of the increase, however, continues to represent sales
difficulties or requests by distributors for delay in shipments.
A feature of the second quarter, as pointed out in the national income and product summary in this issue, was a
record accumulation of total business inventories in this
period. An important part of the increase represented unplanned accumulation resulting from cent inning large industrial production and deliveries, coupled with the marked
drop in consumer buying.
51-193
The rise in nonagricultural employment of 850,000 from
June to July reflected the prompt absorption of the usual
seasonal influx of students and other workers which occurs
at this time. As a result unemployment was at the lowest
point for the month of July in the postwar years. The increase in civilian employment in the past year was accounted
for in part by the large entries of women into the labor force.
Currently the number of women in nonfarm work is equal
to the peak employment year of World War II, though the
proportion of women in relation to the total is less than
during the earlier period.
Some production reduced
The more than seasonal cutback which developed in the
production of many types of consumers' goods in July, however, resulted in some reduction in employment in several
such industries. These cuts were confined to limited segments of industry and the drop in industrial production from
June to July was due in large part to the extensive vacations
taken in the latter month. With demand insufficient to
support the volume of output in some lines of consumers'
goods, and with others, such as automobiles, restricted by
steel allocations, the practice of temporary shut-downs has
been prevalent.
SURVEY OF CURRENT BUSINESS
Prices as a whole showed only minor fluctuations during
the month. However, prices of many raw materials which
are little used in the defense industries declined, partly in
response to improved supply prospects for farm products.
Scattered reductions also appeared in semi-processed materials and in retail prices but finished goods quotations generally remained firm. Retailers in a variety of lines, however, continue to feature promotional sales offering reductions from regular price tags in order to stimulate buying by
consumers and move high inventories. Some manufacturers
likewise cut prices to move backed-up inventories.
Consumer buying has shown little change in recent
months, remaining well below the rate in the first quarter
of the year. With income continuing high—personal income
in June at an annual rate of $251 billion was 3 percent above
the first quarter average—consumer buying in the last four
or five months has represented an unusually low proportion
of income available for spending. For the consumers7 durable goods—where declines in sales have been substantial—
installment credit terms were relaxed by legislation. In the
past six months the controls on consumer credit were designed
to reduce inflationary pressures, and these restrictions have
been a factor in the reversal of the upward trend in consumer
credit outstanding, which is shown in the upper panel of the
chart on page 1.
The defense program is continuing its gradual build-up
and remains the dominant factor in the economy. It is
making larger demands upon the equipment and tooling
industries and absorbing increasing quantities of materials
in preparation for larger deliveries of finished products
scheduled in the months ahead. The rising defense activity
follows the extensive placement of orders for military procurement items during the past three quarters. For the
fiscal year ending June 30 the Department of Defense obligated $35 billion for procurement and construction of which
almost $28 billion was for hard goods (aircraft, ships, tanks,
weapons, ammunition and other equipment).
Economic controls legislation extended
The final enactment of the defense production bill extends
the major economic controls to the middle of 1952, with
modifications mainly in the direction of liberalizing price and
credit controls provisions. The allocation powers, under
which resources are being diverted to essential military and
military-supporting uses, were extended.
Price ceilings for nonfarm commodities are raised by permitting allowances for increases in both direct and indirect
costs up to July 26, 1951, replacing the partial cost absorption
for indirect expenses which had been a feature of general
price ceiling regulations issued before July 1 of this year. The
bill also provides that all retailers and wholesalers be permitted at least their percentage margin of profit over cost of
materials during the month preceding June 24, 1950. This
provision replaces the dollar margin regulation under the
original price control bill, a substantial modification in view
of the advance in the cost of materials in the past year.
Rollbacks are limited to 10 percent for agricultural products.
This cancels the projected rollbacks in beef prices which had
already been reduced about 10 percent. Livestock slaughtering quotas are eliminated under the act. Rent controls are
extended with authorization for a 20 percent increase above
the level of June 30, 1947. Provision is made for the reimposition of ceilings in defense housing areas. The act also
provides a limited relaxation of housing credit (Regulation
X) in defense areas.
Consumer credit (Regulation W) is liberalized by providing for longer amortization periods and for some products,
smaller down payments.
August 1951
Prices change within a narrow range
The relaxation in economic controls comes at a time when
prices have been relatively stable for several months. In
June, consumers' prices did not advance for the first time hi
over a year. Wholesale prices have eased slightly in the
past 2 or 3 months as sizable declines have developed in a
number of raw materials. Declines in fats and oils and in
textile fibers have been responsible for most of the 7 percent
reduction in the weekly average of farm prices in the past 3
months, although grains and fruit prices were also somewhat
lower. Among industrial raw materials, rubber and tin
prices were lowered substantially.
The Bureau of Labor Statistics' index of 28 basic commodities at the end of July was down more than 15 percent
from the peak reached in February. Half of the commodities had declined 10 percent or more in the 6-month
period and a third had declined at least 20 percent. Despite
these declines, raw materials were still nearer the peak than
to the pre-Korean level. Only barley and flaxseed oil were
lower than at the date of the Korean invasion, and the
average for the group was up about one-fourth.
Apparel stocks high
The reduced rate of consumer buying following the spurt
last January had its primary impact on durable goods sales,
but some of the nondurable goods were also significantly affected. Among the major nondurable categories, apparel
stores showed the sharpest decline in sales—nearly 20 percent—from January to June of this year, on a seasonally
adjusted basis.
Chart 2.—Apparel Group: Retail Sales and Inventories
INDEX, AVG. 1st QTR. 1950 = 100
160
140
INVENTORIES
/•••.••**
(BOOK VALUE,
END OF MONTH)
120
100
^SALES
SEASONALLY
ADJUSTED
(TOTAL FOR MONTH)
80
1950
U. S. DEPARTMENT
195!
OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
Source of data: U. S. Department of Commerce, Office of Business Economics.
Sales of these stores in June were about 5 percent low<
than in May. The dollar total was equal to the correspom
ing month a year ago, but prices of apparel were more ths
10 percent higher, indicating a proportional drop in physic
volume of goods sold.
During the past 12 months, as shown in chart 2, doll
sales, adjusted for seasonal influences, have fluctuated b
tween the June rate and one about 10 percent higher, exce
for the peak sales in January.
Meanwhile, the book value of inventories of apparel stoi
has tended upward throughout the past year; it is now abo
one-fourth higher than a year ago. In comparison with t
August 1951
SURVEY OF CURRENT BUSINESS
first quarter of 1950, when apparel inventories were generally
well balanced in relation to sales, the stock-sales ratio is also
one-fourth higher. This is about the same as the rise in
stocks-sales ratios for all retail stores as well as for department stores, more than half of whose sales are apparel.
While the ratio for apparel stores is high, it has risen appreciably less than that of a number of the consumer durable
goods stores including furniture and housefurnishings,
household appliances and radio stores, where stocks are
high and sales have declined below those of a year ago.
A similar situation exists within the various departments
of department stores, where apparel stocks are under better
control than housefurnishings, major appliances, and television.
Despite the fact that sales have not picked up in recent
months, department stores have managed to pare inventories.
This \vas due to the earlier curtailment of orders which
resulted in reduced receipts of merchandise. In fact, the
curtailment of deliveries to apparel retailers has been accompanied by a considerable stock accumulation in the hands
of textile and apparel manufacturers.
Some reduction has occurred in the prices of the principal
raw materials in the apparel industry from the highs which
were attained in the post-Korean upsurge. This has temporarily complicated the price situation—since firms in
various stages of the apparel industry have high-priced
inventories of finished goods in relation to current raw
materials costs, but the upward trend of other costs has
not been similarly reversed.
Wool prices more than doubled from mid-year 1950 to
March of 1951. Total world output of wool in 1950-51 is
estimated to be only slightly higher than in 1949-50, so that
the price rise was principally a reflection of increased demand
arising out of actual and anticipated defense needs impinging
upon a relatively inelastic supply situation. The extent of
the price rise was so great, however, that it may have had
rather fundamental effects upon the demand for wool. It has
spurred the development of new fibers and the improvement
}f existing ones for use in traditional "all-wool" fabric constructions. The effect of the widening use of the new substi:utes and blending fibers, the cessation in further stockpiling
)f wool by the Government, and the slow retail sales have
3een the major influences in the reduction in wool prices by
ibout one-fourth at the end of July from the March peak.
They are still about 50 percent higher than in the second
quarter of 1950. Similar developments have occurred in the
>arpet class wools, where the price rise was greater than for
ipparel, and sales of floor coverings have declined subtantially.
Raw cotton prices reached a high of 45 cents a pound in
Jarch of this year. Only a slight reduction occurred before
uly 9, when the Government crop report of that date indiated 29.5 million acres of cotton in cultivation, an increase of
.early 60 percent over the low acreage of 1950. During the
3llowing 30 days, cotton fell to about 35 cents per pound, and
his was accompanied by reductions in the price of cotton
abrics and lower prices for sheets, towels, and some other
roducts in which the value of the raw cotton forms a coniderable fraction of the price of the finished product. On
.ugust 8, the Department of Agriculture estimated the
Dtton crop at 17.3 million bales, 73 percent higher than the
950 crop.
The immediate effect of the decline and especially the
respective declines as indicated by future quotations in
ber prices has been a curtailment in textile mill operations in
"der to cut inventories all along the line.
In the past 3 years, as in the prewar period, per capita
:>parel purchases have been a relatively stable portion of
isposable income. Unlike a number of other segments of
consumers7 expenditures, particularly the durable goods,
they have shown no consistent tendency to rise or fall relative
to income as income varies during the course of business
cycles. But currently this is not the case. Consumer purTable 1.—Personal Consumption Expenditures for Apparel
Clothing and
shoes personal
consumption
expenditures
(billions of
dollars)
Percent of disposable personal
income
1929
9.2
11.2
1930
19311932
1933
1934
7. 9
6. 8
5.0
4. 6
5. 6
10. 7
10. 8
10. 5
10. 2
10. 9
5. 9
6. 5
6. 7
6. 6
7. 0
10.2
9. 8
9. 4
10. 1
10.0
7. 4
8. 8
11. 0
13. 7
15. 3
9.8
9.6
9.4
10. 3
10. 4
17. 1
18. 6
19. 1
20. 1
18. 9
18. 8
11. 3
11. 7
11.3
10.7
10. 1
9. 2
20. 4
9. 4
» 8. 5
19351936
1937
1938
1939
__
_ _ ... ___
.._
______
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
_ _
_
__
1941:
First quarter
Second quarter
_
.
.
.
__
-
_ _
p Preliminary.
Source: U. S. Department of Commerce, Office of Business Economics.
chases of apparel in the second quarter were especially low in
relation to disposable income. They comprised a smaller
portion of disposable income than in any year of record, from
1929 to date, as shown in table 1.
National Income and Product in the Second
Quarter of 1951
Economic developments in the second quarter of 1951 were
characterized by a further expansion of total output and a
generally orderly continuation of the diversion of productive
resources to defense purposes. This diversion was facilitated
during the period by a marked reduction in the intensity of
private demand and a resultant easing of inflationary
pressures.
The gross national product increased to an annual rate of
$326 billion, as compared with $319 billion in the first quarter.
This increment in the market value of the Nation's output
was somewhat smaller than other quarterly advances during
the past year, owing to the tapering-off of the general rise
in prices.
Federal Government purchases of goods and services for
national defense expanded by an amount equivalent to the
entire second-quarter growth of national product. Private
acquisitions, in the aggregate, were stable. Final demand in
the private sectors of the economy diminished, however, as
expansion of exports and of fixed business investment did not
offset sizable declines in personal consumption expenditures
and residential building. With civilian production remaining
high, a large increase in the rate of business inventory
accumulation resulted.
PURVEY OF CURRENT BUSINESS
Expansion of income continued, though likewise at a retarded rate, in the June quarter. Total national income,
which measures output in terms of aggregate earnings arising from current production, cannot yet be specified for this
period, because of the unavailability of satisfactory information on corporate profits. Components other than profits,
however, advanced by less than $5 billion (at annual rates),
as compared with an $8/2 billion rise in the first quarter.
Personal income—the sum of income receipts of persons
from all sources—rose to $250 billion in the April-June
period, from $244 billion in the previous quarter and $238
billion in the final quarter of 1950. The similarity in the
magnitudes of these past two quarterly increments is accounted for by the irregular behavior of corporate dividend
payments, which dampened the movement of personal income in the first quarter, but bolstered it in the second.
Apart from this, the rate of increase was considerably reduced in the latter period.
The end of the second quarter marked the passage of a
full year since the outbreak of warfare in Korea. During
this year, largely because of the accelerating expansion of
the national defense program and the reaction of consumers
and businessmen to it, there have been important changes
in the size and composition of the Nation's output.
Sizable advance in production
The dollar value of the gross national product was 18 percent higher in the second quarter of 1951 than in the corresponding quarter a year ago. Roughly half of this increase
stemmed from the general rise in prices, which were pushed
Chart 3.—Percentage Distribution of Gross National Product
1
PERCENT
loo i
GOVERNMENT PURCHASES OF
GOODS AND SERVICES
80 -
GROSS PRIVATE DOMESTIC AND
NET FOREIGN INVESTMENT
GO ~
40
PERSONAL CONSUMPTION
EXPENDITURES
20
SECOND
QUARTER
SECOND
QUARTER
1950
1951
U, S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
51-197
1
Percentages are based upon quarterly totals, seasonally adjusted.
Source of data: U. S. Department of Commerce, Office of Business Economics.
up rapidly during most of the year by heavy private and
government demands and by rising costs. The sizable
advance in physical volume—close to 9 percent—was made
possible chiefly by expanded employment, the installation
of large amounts" of new productive facilities, and fuller
utilization of existing productive capacity, although other
factors—such as a somewhat longer workweek in certain
industries—also contributed.
August 1951
While the mobilization program is still far from its announced objectives, it has already produced marked shifts
in the use of the national product. The broad outlines of
these shifts are illustrated in chart 3, which compares the
percentage distribution of total output among major groups
of purchasers in the second quarter of this year with that
prevailing in the last quarter before the mobilization effort
began.
Government absorbs larger share of output
The proportion of output bought by Federal, State, and
local governments has risen from 14% to 18% percent, owing
to the expansion of national defense purchases. The lattei
absorbed nearly 10 percent of the gross national product in
the second quarter of 1951, as compared with 4/9 percent %
year earlier, and their share is scheduled to double again b^
mid-1952.
Gross private domestic and net foreign investment hav(
also increased in relative importance, with their combinec
share rising from 17 to 20 percent. It is important to note
however, that greatly increased accumulation of busines
inventories, much of which represented work in process 01
military orders, accounted for 2% percentage points in t-hi
advance. The proportion of total output going into fixe*
business investment was also somewhat higher, but th
opposite was true of residential construction.
Accompanying these enlarged percentage shares fo
government and private business was a decline from 68 K t
62 percent in the proportion of the national product pui
chased by consumers. The extent of further changes i
this proportion as the mobilization proceeds will depen
principally upon three factors: Changes in total output, th
actual size of the military program, and the degree to whic
room for the expansion of defense production can be mad
through a tapering-off of business investment, iiicludin
inventory accumulation.
Throughout the year covered by the above comparison
the Government defense program was the basic driving fore
in the economy. Initially, however, its impact was prirnari]
of an indirect character, being manifested chiefly in unprec<
dentedly heavy anticipatory buying by consumers and bus
nesses. While the military program itself proceeded 1
increase steadily during the year, the private spending whic
it induced was extremely erratic, especially in the case <
consumers.
The original spending rush subsided in the fall of 195
was renewed following the Chinese Communist interventk
in Korea, then relapsed again in the early spring of this yes
It was this irregular behaviour of private demand, with tot
production pressing against the limits of economic resourc
throughout, which, along with rising costs, shaped the cour
or price movements over the period.
During the interlude between the two buying spurts, ai
after the second, business inventories absorbed the excess
civilian production over sales, but prices softened. This w
particularly true in the second quarter of this year, wh
much of the inventory accumulation appeared to be inv<
untary, with distributors and manufacturers moving
curtail it despite the solidity lent to the economic outlo
by the military expansion.
In combination with the broad Government control p.1
grams taking effect early in the year, these shifts in t
balance of demand and supply produced a marked easi
of inflationary pressures during the second quarter. Tl
this easing came at a time when the military program v
just moving into high gear was possible only because of 1
extent to which the public had discounted in advance
forthcoming direct impact.
August 1951
SURVEY OF CURRENT BUSINESS
Federal fiscal position strong through mid-year
Moreover, attention may be called to the strength of the
Federal Government's actual—as distinguished from its
prospective-—fiscal position during the mobilization period
to date. The Treasmy reported a cash surplus of about
$7K billion for the year ending June 30; and the Federal
surplus on national income and product account-—-which
differs from the cash surplus principally in recording corporate profits taxes on an accrual basis—amounted to about
815 billion for the same period.
This sizable surplus emerged as a result of the fact that
rising individual and corporate incomes, together with the
new tax rates enacted last year, strongly affected Federal
revenues well in advance of the major expansion of expenditures. The surplus was particular!}' large in the first quarter
of 1951, and must have exerted a considerable restraining
influence this spring, even though its anti-inflationary effects
were previously overwhelmed by the rush of private spending. On a seasonally adjusted basis, it was halved in the
second quarter by the upsurge of military expenditures,
however, and will shortly disappear in the absence of new
revenue legislation.
A detailed discussion of second-quarter product and
income flows follows.
Demand for Gross National Product
sizable increment in disposable income to be accompanied
by a 3 percent drop in consumption expenditures would be
quite unusual under most circumstances. Throughout the
past year, however, consumer spending in particular quarters
has been to a considerable degree independent of concurrent changes in income, and exceptionally strong external
influences have produced a highly uneven spending rate
(see chart 4). Accordingly, the latest quarterly movement
can to a large extent be characterized simply as the downward phase of another cycle—the second since mid-1950—
of intensified activity in retail markets.
Chart 4.—Disposable Personal Income: Consumer Spending
and Saving
BILLIONS OF DOLLARS
240
PERSONAL
SAVING
\
200
160
120
PERSONAL CONSUMPTION
Faster rise in government purchases
Combined Federal, State, and local government purchases
>f goods and services were at an animal rate of $60 billion in
he second quarter—$7 billion higher than in the first. The
ncrease, reflecting the gathering momentum of the national
iefense program, topped that of the previous quarter by
2 billion. It was equal to the entire advance in gross
ational product, as changes in other components were
pproximately offsetting.
This situation contrasted with that prevailing during the
revious 9 months, when private purchases had continued to
bsorb the major portion of each quarterly increment in
)tal output.
Defense purchase of the Federal Government mounted to
rate of $32 billion annually, as compared with $25 billion
i the March quarter and $12% billion in the first half of
)50. Other Federal purchases, in combination, were virtuly unchanged from the first quarter, as were those of
.ate and local governments.
onsumer markets less active
Personal consumption expenditures, after a sharp spurt at
e beginning of this year, slackened appreciably in the
cond quarter. At an annual rate of $202 billion, they were
percent below the corresponding first-quarter figure. This
op in the dollar value of consumer purchases reflected at
ist a commensurate reduction in physical volume, as avere prices of consumer goods were slightly higher during the
)ril-June period than during the three preceding months.
Owing to the price rise already registered by the end of
arch, consumer outlays during the second quarter exceeded,
terms of current dollars, those of any prior quarters ex:>t two—the third of last year and the first of this year.
ie quantity of goods and services bought for personal connption, however, was the lowest since the initial quarter
1950.
Bending rate uneven
The second-quarter dip in the volume and value of conner purchases occurred despite a further advance—about
percent—in disposable personal income. For such a
EXPENDITURES
80
40
2 nd
3rd
-1950-
4th
2nd
1st
1951
QUARTERLY TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES
0. $. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
51-198
Source of data: U. S. Department of Commerce, Office of Business Economics.
The first of these buying waves was touched off last
summer by the communist invasion of South Korea. Anticipating that shortages and price increases would accompany
the prospective mobilization program, consumers engaged in
a virtually unprecedented outburst of purchasing, widely
supported by borrowing and the utilization of accumulated
liquid assets, as well as by high and rapidly rising current
incomes. A significant portion of the upsurge, however,
represented mere acceleration of, rather than net additions
to, intended purchases; and with the improvement of the
military situation in Korea, retail spending subsided
markedly in the fall.
When the original anticipatory motivations were revived
by the Chinese intervention, another buying rush ensued.
It began in December but was concentrated in the early
part of the first quarter. Like the previous upsurge, it was
founded in large measure upon acceleration of intended
purchases, and subsided as the military position in Korea
was gradually stabilized again.
Partly because of the earlier forward buying, which had
built up consumers' stocks of durable and semidurable
goods, the consuming public as a whole was disposed to
save an unusually high proportion of current income during
the second quarter of this year. Retail purchases, after a
relapse from the January-February bulge, remained fairly
steady from March through mid-year at a level below the
SURVEY OF CURRENT BUSINESS
average for the preceding 8 months, even though incomes
continued to rise. This settling of demand, in combination
with continued high output and accumalating inventories
of consumption goods, resulted in a marked easing of the
upward pressure on consumer prices.
Influence of Government controls
Also contributing to the stability of consumer markets in
recent months were the effects of several control programs
instituted by the Federal Government under the Defense
Production Act. The general price "freeze" announced at the
end of January and further implemented in subsequent
months, in addition to exerting direct restraint upon price
increases, relieved some of the psychological impetus toward
anticipatory purchases. At the same time, the regulation of
consumer credit limited inflationary pressures stemming from
installment buying, and the mortgage credit controls imposed
under Regulation X had an indirect influence upon demand
for furniture, household equipment, and other types of goods
closely associated with the volume of residential construction.
Decline primarily in durables
In line with the general pattern of fluctuations in consumption during the past year, the second-quarter downturn in
consumer purchases was most pronounced in durable goods
lines. Dropping from an annual rate of $31% billion in the
first quarter to $26 billion in the second, outlays for durables
accounted for the great bulk of the decline in total consumption expenditures.
Particularly affected were acquisitions of furniture and
household equipment, which were cut by 25 percent, or over
$3% billion, at annual rates. Consumer expenditures for
automobiles and parts were also curtailed substantially,
dropping from an annual rate of $12% billion to $11 billion.
The slackening of demand was more moderate for most other
classes of consumer durables, where purchases fell off by an
average of only about 5 percent.
Demand for nondurable^ more stable
Consumer spending for nondurable goods, which has been
much steadier than that for durables throughout the mobilization period, declined quite moderately in the second
quarter. At an annual rate of $109% billion, this class of expenditures was less than 2 percent below the first-quarter
rate.
There was virtually no change in aggregate food and
beverage purchases, which represent about three-fifths of
total outlays for nondurables. The previous rising trend was
halted chiefly by a levelling-off of retail food prices.
Except for tobacco, all other major classes of nondurablegoods purchases shared in the second-quarter decline. Percentagewise, it was most marked in the case of semidurable
housefurnishings, where the buying pattern has tended in
recent quarters to parallel that for furniture and household
appliances. Of greater quantitative significance, however,
was a 4 percent decrease—nearly $1 billion—in purchases of
clothing.
Service expenditures, little affected by most of the erratic
influences to which many other types of consumption have
been subjected during the past year, continued to rise
moderately in the second quarter. Increasing by $1 billion,
they reached an annual rate of $66 billion.
Expansion of domestic investment
Gross private domestic investment rose from an annual
rate of $59% billion in the first quarter to $63% billion in the
second. Primarily, the rise reflected a renewed upsurge in
business inventory accumulation, which increased by $5
August 1951
billion to a rate of $14 billion annually. Business outlays
for new plant and equipment also advanced moderately, but
the value of residential construction put in place fell more
than $2 billion (at annual rates) below the first-quarter
figure—a drop of about one-sixth.
Although homebuilding activity has been diminishing
gradually since the fall of 1950, the June quarter was the
first to show a pronounced decline. In the main, this reduction can be attributed to the imposition last year of mortgage
credit controls, requiring substantially higher down payments and shorter maturity schedules. The immediate impact of the controls was not marked, owing to the very larg(
backlog of exempt housing starts then under way. As this
backlog was worked off, however, the controls began to tak<
effect.
Plant and equipment outlays higher
Outside of the residential field, construction activity con
tinued to expand in the second quarter. The most signifi
cant advances were in industrial building, reflecting primaril;
pressing requirements for additional defense productioj
facilities. Public utility construction also moved upward
though somewhat more moderately, while commercial build
ing, which had shown a fairly marked growth in the latte
part of 1950, tapered off appreciably in the first half of th:
year. The latter development stemmed partly from th
extension of mortgage credit controls to commercial faciliti*
in January.
Purchases of producers' durable equipment contribute
little to the second-quarter increment in fixed business ii
vestment. At an annual rate of $26% billion, they we
substantially unchanged from the March quarter. Accor<
ing to the latest Commerce-SEC survey of plant and equi
ment programs, however, the generally rising trend over tl
past year may be expected to persist into the second hs
of 1951.
The large volume of installations of productive equipme:
in the second quarter continued the recent heavier conce
tration in manufacturing, especially in those segments whe
increased capacity is required for production related to t
defense program. In connection with the promotion
defense capacity, a special factor has been the selecti
stimulus provided by the issuance on a sizable scale, of c(
tificates of necessity under the accelerated tax amortizati
program.
Larger accumulation of inventories
A strong tendency toward accumulation of busim
inventories has been a principal feature of the econor
throughout the current mobilization period. It was si
merged during the third quarter of last year by the init
post-Korean buying rush, but produced unusually laj
additions to stocks in each of the last three quarters, a
especially in those during which there was a relaxation
the rate of consumer spending.
In considerable measure, inventory accumulations h*
representeel expansion of work in progress on Governnii
orders. They have also reflected, however, a sizable bui
up of stocks of civilian goods, stimulated by expectations
future price rises and supply stringencies, as well as
higher working-stock requirements associated with
growth of sales.
This active inventory demand has been a material elem
underlying the inflationary pressures which have chai
terized the mobilization period. Moreover, owing to
assurance of a sustained high rate of economic acth
engendered by the military expansion, business buy
has been unusually insensitive to short-term shifts in c
sumer demand. Both in the final quarter of 1950 anc
the second quarter of this year, when consumption expe
SURVEY OF CURRENT BUSINESS
August 1951
Table 2.—National Income and Product, 1950, and First Two Quarters, 1951
1
[Billions of dollars]
Seasonally adjusted at annual rates
Unadjusted
1950
1951
1950
1951
1950
I
II
260.1
269.4
(2)
157.3
149.7
127.2
5.0
17.5
7.7
165.2
157.2
132. 7
6.6
17.9
7.9
172.1
163. 6
137.1
(2)
(2)
8.5
177.4
168.8
140. 5
(2)
(2)
8.7
41.8
21.9
12.2
7.8
45.6
23.2
14.3
8.1
47.2
23.0
15.8
8.4
48.8
24.1
16.4
8.3
48.1
23.6
16. 3
8.2
30.5
31.9
14.4
17.5
-1.4
34.8
37.5
16.9
20.6
-2.7
37.4
45.7
20.5
25.2
-8.3
42.2
50.3
22.5
27.8
-8.2
42.9
51.8
28.5
23.3
-8.9
(2)
(2)
(2)
(2)
-2.3
1.4
6.8
5.2
19.6
5.3
19.8
5.5
21.1
5.6
23.1
5.6
25.2
5.7
26.9
77.6
78.6
264.4
275.0
287.4
303.7
318.5
325.6
53.6
8.4
29.2
16.0
49.4
6.9
26.0
16.4
49.7
6.3
26.8
16.7
184.7
26.3
98.4
60.1
188.7
26.6
100.4
61.6
202.5
34.3
105.5
62.7
198.4
29.4
104.9
64.0
208.2
31.5
111.5
65.2
201.7
25 9
109! 5
66.2
13.3
6.6
3.9
2.7
6.0
.7
.5
14.8
6.0
3.4
2.6
6.3
2.5
2.2
15.9
5.0
2.6
2.4
6.6
4.3
4.0
13.6
5.6
2.7
2.9
6.9
1.2
.9
40.1
20.1
11.2
8.9
18.9
1.1
1.1
47.9
21.4
12.4
9.0
21.4
5.2
4.4
47.3
23.5
13.7
9.7
24.5
7
—1.8
60.2
23.3
13.1
10.3
25.0
11.8
10.6
59.6
23.9
12.9
10.9
26.5
9.3
8.1
63.5
22.3
10.7
11.6
26.7
14.4
13.3
—.4
—.9
-.6
—.6
.1
—1.7
—1.6
—3.2
—2.7
-2.3
.5
10.2
5.3
.1
5.0
10.3
5.3
.1
5.0
12.0
6.9
.1
5.2
12.9
8.0
.1
4.9
15.1
9.7
.0
5.5
41.3
22.2
.3
19.3
40.1
21.1
.2
19.2
40.8
21.4
.2
19.7
47.8
27.5
.2
20.4
52.9
32.1
.2
21.1
60.0
38.7
.2
21.4
53.3
54.1
56.5
60.8
60.0
62.2
216.3
217.1
227.3
238.3
244.1
250.0
7.0
6.2
.8
46.3
43.6
2.6
3.9
3.2
.7
50.2
46.6
3.5
4.8
4.2
.6
51.7
49.7
2.0
4.7
4.2
.6
56.1
53.6
2.5
10.4
9.5
.9
49.6
49.4
.3
5.5
4.8
.7
56.6
49.7
6.9
19.0
16.4
2.6
197.3
184.7
12.5
19.5
16.9
2.7
197.5
188.7
8.9
20.2
17.5
2.7
207.1
202.5
4.6
23.1
20.3
2.7
215.2
198.4
16.8
26.6
23.8
2.8
217.5
208.2
9.3
27.1
24.2
2.9
222.8
201.7
21.1
282.6
63.8
66.6
72.4
79.8
77.6
78.6
264.4
275.0
287.4
303.7
318.5
325.6
21.2
23.8
.8
—1.8
.3
5.0
5.4
.2
5.2
5.8
.2
—2.0
.2
5.4
6.4
.2
—1.6
.0
5.5
6.2
.2
2.3
.1
5.7
6.3
.2
—.4
.2
5.7
6.2
.2
(2)
20.1
22.3
.7
2.3
.2
20.7
23.3
'.4
.7
21.8
25.3
.8
—6.4
—.1
22.2
24.3
.8
—3.4
.2
22.6
25.9
.8
.5
.8
219.3
230.6
245.8
260.1
269.4
II
III
IV
219.3
230. 6
245.8
44.2
42.0
34.8
(2)
(2)
2.3
142.2
135.2
114.3
4.4
16.4
7.0
148.6
141.3
120. 1
4.4
16.8
7.4
12.2
6.0
4.1
2.1
12.0
5.9
4.1
2.0
41.4
21.1
12.5
7.8
10.6
12.7
5.7
7.0
-2.0
10.0
12.2
6.7
5.5
-2.2
2
(2)
(2 )
(2)
()
-.6
1.4
5.0
1.4
5.9
1.4
6.4
66.6
72.4
79.8
43.6
5.8
22.7
15.1
46.6
6.4
24.7
15.5
49.7
8.5
25.7
15.5
48.9
22.1
12.6
9.5
22.5
4.3
3.6
10.6
4.2
2.2
1.9
4.7
1.8
1.8
10.2
5.3
3.1
2.2
5.5
—.6
.8
—2.3
—.4
42.5
23.1
2
19! 7
10.0
5.6
.1
4.5
224.7
20.5
17.8
2. 7
204^3
193.6
10.7
ross national product
ess* Capital consumption allowances
Indirect business tax and nontax liability
_ ..
Business transfer payments
Statistical discrepancy
_
lus - Subsidies less current surplus of government enterprises
I
I
II
53.8
57.6
62.0
65.6
66.0
(2)
153.3
145.8
123. 6
5.1
17.2
7.5
35.0
33.1
27.8
1.1
4.2
1.9
37.1
35.2
29.8
1.1
4.3
1.9
39.5
37.5
32.3
1.3
4.0
1.9
41.8
40.0
33.7
1.6
4.6
1.8
42.4
40.2
33.4
(2)
(2)
2.3
44.0
22.3
13.7
8.0
10.4
5.3
3.1
2.0
10.5
5.5
3.0
2.0
11.4
5.8
3.6
2.0
11.8
5.8
4.0
2.1
36.2
41.4
18.6
22.8
-5.1
7.1
7.5
3.4
4.1
-.3
8.8
9.4
4.2
5.2
-.7
9.7
11.8
5.3
6.5
-2.1
5.4
20.9
Compensation of employees
Wages and salaries
Private
Military
Government civilian
Supplements to wages and salaries
_,
IV
1.3
5.0
1.3
5.1
282.6
63.8
193.6
29.2
102.3
62.1
I
SHARES
_ __
Proprietors' and rental income 3
Business and professional ..
Farm
Rental income of persons _
III
239.0
NATIONAL INCOME BY DISTRIBUTIVE
National income
II
. _.. .
. „
Corporate profits and inventory valuation adjustment
Corporate profit before tax
Corporate profits tax liability
Corporate profits after tax
Inventory valuation adjustment
_
-
Net interest
\ddendum ° Compensation of general government employees
GROSS NATIONAL PRODUCT OR EXPENDITURE
Gross national product
-
Personal consumption expenditures
Durable goods
Nondurable goods
Services
_. _
_ _
Gross private domestic investment
New construction
Residential nonfarm
Other
Producers' durable equipment
Change in business inventories total
Nonfarm only
-
- -
-
Net foreign investment
Government purchases of goods and services
Federal
Less : Government sales
_ _ _
State and local
- -
DISPOSITION OF PERSONAL INCOME
*ersonal income
_
/ess: Personal tax and nontax payments .
Federal
State a n d local
_
_.
_ . _ _ - _
'.quals: Disposable personal income
less* Personal consumption expenditures
! quals: Personal saving _ _
_.
ELATION OF GROSS NATIONAL PRODUCT, NATIONAL INCOME,
AND PERSONAL INCOME
guals: National income.
_
^s' Corporate profits and inventory valuation adjustment
Contributions for social insurance
. _
Excess of wage accruals over disbursements
us* Government transfer payments
Net interest paid by government
Dividends
Business transfer payments
luals: Personal income
.-
...
53.8
57.6
62.0
65.6
66.0
()
36.2
7.0
.0
14.3
4.7
9.2
.8
7.1
1.8
.0
5.3
1.1
1.9
.2
8.8
1.8
.0
3.6
1.4
1.9
.2
9.7
1.8
.0
2.7
1.0
2.2
.2
10.6
1.6
.0
2.8
1.2
3.3
.2
10.0
2.3
.0
2.9
1.1
2.1
.2
(2)
2.3
.0
2.9
1.4
2.2
.2
30.5
6.6
.0
21.0
4.7
7.8
.7
34.8
6.8
.0
14.2
4.7
8.4
.7
37.4
7.0
.0
11.0
4.7
9.4
.8
42.2
7.4
.0
11.1
4.7
11.1
.8
224.7
53.3
54.1
56.5
60.8
60.0
62.2
216.3
217.1
227.3
238.3
Detail will not necessarily add to totals because of rounding.
' Not available.
ures receded after emphatic spurts, the tempo of civilian
•oduction was generally maintained at a uniform pace.
In each case, the resultant excess of output was absorbed
business inventories. However, whereas this absorption
is accomplished quite readily in the earlier period, a subajitial portion of the accumulation of stocks from March
rough June appears to have been unplanned and invol
2
239.0
..
_. _
.'l
42.9
8.3
.0
11.5
4.8
8.8 !
.8
244.1
22.9
24.8
.8
".,
«
(2)
8.4
.0
11.8
4.8
9.7
.8
250.0
3
Includes noncorporate inventory adjustment.
Source: U. S. Department of Commerce, Office of Business Economics.
untary, resulting from more conservative purchasing by
consumers than had been expected. During the second
quarter, widespread efforts were made by businessmen to
limit the growth of their inventory-sales ratios. These
efforts, partially successful as far as distributors were concerned, played a key role in the general tapering-off of prices
during the quarter.
8
SURVEY OF CURRENT BUSINESS
The increase ID inventory accumulation appeared wholly
in the nonagricultural sectors of the economy, where the
change amounted to a record $13 billion, at annual rates, as
compared with $8 billion during the March, quarter and
$10^ billion in the final 3 months of 1950.
In terms of industrial distribution, the latest quarterly
addition to nonfarm inventories differed markedly from that
of the preceding period. Manufacturing accounted for
just under half of the nonfarm increment in the first 3
months of this year, but for about 85 percent in the second
quarter. Generally speaking, this concentration reflected
the typically slower adjustment of manufacturing stocks
than of distributors' inventories to a change in final demand.
Within the manufacturing sector, by far the largest increase
was in holdings of finished goods. There was also a sizable
expansion of goods in process, but stocks of purchased
materials, which are subject to more immediate control by
manufacturers under circumstances such as those prevailing
in the spring of this year, rose only moderately.
In wholesale and retail trade combined, the second-quarter
inventory accumulation was about one-third as large as that
of the previous 3 months. Retailers, whose stocks had
shown sizable growth through March, virtually stabilized
them in the second quarter, despite the drop in their sales.
Wholesale inventories, on the other hand, grew substantially
faster in the second quarter than in the first.
Reappearance of positive foreign balance
Net foreign investment increased by nearly $3 billion (at
annual rates) in the second quarter, from a negative balance
of $2/9 billion to a positive balance of $K billion. This shift
followed a period of a year and a half during which United
States exports other than those financed directly or indirectly
by Government aid fell short of imports, with a consequent
growth in dollar resources available to foreign countries.
The recent rise in net foreign investment stemmed wholly
from expansion of exports, which began last fall to reflect
a step-up in foreign procurement stimulated by essentially
the same set of anticipatory considerations that underlay
much of the upsurge in domestic buying. Shipments abroad
at first were somewhat limited by competing domestic demands for the same output, but showed an accelerated rise
when domestic demand pressures eased this spring.
United States imports responded more immediately than
exports to the change in the economic outlook in the middle
of 1950. After rising rapidly through the first quarter of
this year, however, imports remained stable in the June
quarter, partly because their volume had already approached
the maximum available under existing foreign supply conditions and partly because of a tapering-off of the earlier rapid
advance in unit values of imported goods.
The Flow of Income
Total personal income advanced, in terms of seasonally
adjusted annual rates, from $244 billion in the first quarter
to $250 billion in the second. The over-all increase was of
about the same magnitude as in the preceding quarter,
though considerably smaller than the quarterly increments
registered in the latter half of last year. The rate of advance in those components of the total which are directly
earned in current production, however, was only about
three-fifths as great in the June quarter as in the previous
period, when the aggregate movement was dampened by a
substantial drop—not related to current profit experience—
in the volume of corporate dividends.
August 1951
Increase in wages and salaries
Most of the $6 billion rise in personal income from the
first to the second quarter came from the continued expansion of wages and salaries. With an advance of $5 billion,
these reached a rate of $169 billion annually—roughly onefifth higher than in the corresponding quarter a year ago.
As in other recent quarters, the largest proportionate
increase was in Government payrolls. More than half of
the rise here was in military pay, still reflecting the rapid
build-up of the Armed Forces but the growth of civilian
government wages and salaries—mainly in the Federal
defense and economic stabilization agencies—was also an
appreciable factor.
Private-industry payrolls in the second quarter exceeded
$140 billion, at annual rates, as compared with $137 billion
in the January-Marcli period and $120 billion in the second
quarter of last year. The latest quarterly advance, like the
preceding one, stemmed primarily from higher hourly earnings, although the further growth of employment continued
to exert a significant influence, especially in durable-good?
manufacturing industries.
The relative contributions of these two factors to payrol
gains in the first half of this year contrasted with their roles
during the latter half of 1950, when expanding employment
was the principal single element. Changes in the average
workweek, which had also contributed to the gains las
year, were of little consequence in the first 6 months of 1951
The second-quarter increase in private wages and salarie
was centered, as has been the case throughout the mobiliza
tion period, in manufacturing plants producing durabl
goods. Although employment in some lines of production a
such factories was curtailed, the slack was more than take
up by expansion of military output. In nondurable-good
manufacturing establishments, on the other hand, pay roll
levelled off after having increased fairly strongly for
number of months.
In the large distributive industries group, payrolls ac
vanced more slowly in the second quarter than in the firs
chiefly because of the effects of less buoyant consumer d<
mand upon retail trade activity. Despite this retardin
influence, however, retail trade payrolls edged further uj
ward as a result of higher hourly earnings, and a steady rise i
wholesale trade was maintained. Rail transportation ak
contributed to the increase for the distributive group.
Small decline in proprietors' income
At an annual rate of $48 billion in the April-June perio<
total proprietors' and rental income was clown by $% billic
from the previous quarter. The only significant charu
among the components of this series was in earnings of uni
corporated nonfarm businesses, where a small decline w;
registered. The latter movement followed a bulge in the
earnings in the first quarter, and reflected primarily tl
slackening of activity in retail markets as consumer demai
receded from its January-February peak.
General stability also characterized the agricultural incor
picture, with farm proprietors' earnings continuing at i
annual rate of about $16 billion—roughly one-third high
than during the corresponding period a year ago. Neith
in the case of livestock nor in that of crops did the seasonal
adjusted volume of marketings vary appreciably from t
first to the second quarter.
Prices for both broad classes of farm output were drift!
downward during the latter period, although for livesto
they remained above the January-March average. It \\
chiefly this shading-off of agricultural prices, especially i
crops, which interrupted the rapid rise of farm income uric
way during the three preceding quarters.
SURVEY OF CURRENT BUSINESS
1951
Dividends rise again
Dividends, after being bolstered at the end of 1950 by an
unprecedented volume of extra and special disbursements to
stockholders—partly in anticipation of the higher Federal
tax rates applicable to individual incomes this year—had
dropped off in the first quarter. With corporate profits continuing high, however, dividends rose again in the second
quarter. This recovery, bringing them to an annual rate of
nearly $10 billion, added $1 billion to the personal income
flow. It left the rate of dividend disbursements below that
of the fourth quarter 1950, but higher than in any other
three-month period.
Second round of NSLI payments
Transfer payments held steady in the second quarter except for the commencement in April of the second National
Service Life Insurance dividend payment to veterans. In
contrast to last year's NSLI dividends, which totalled more
than $2% billion and were largely paid out within a few
months, the current disbursements, involving only about
one-fourth as large a sum, are being spread fairly uniformly
over a 12-month period.
Steel Expansion and Demand
In the first 7 months of 1951, production of steel ingots
and castings amounted to about 61.2 million net tons, or an
annual rate of 105 million tons. With the capacity of the
industry on January 1, 1951, at 104.2 million tons and increasing, the industry has averaged a production rate better
that 100 percent of this figure.
9
Such a high rate of operation reflects the strong demand
for steel arising from the continued high rates of production
of civilian durable goods and the increasing private capital
investment in plant and equipment, and the rising steel requirements of the defense and defense-supporting industries.
Following the outbreak of war in Korea, in June of last
year, the steel industry sustained rates of output close to or
in excess of rated capacity, so that steel production in the
second half of 1950 averaged 98 percent of capacity as against
less than 96 percent in the first 6 months of that year.
Large expansion in capacity
There have been few periods in the history of the industry
when steel operations have been maintained for relatively
long periods at or close to capacity. In the last 50 years
these periods have been associated with the demands of
wartime and defense economies and include World War I,
World War II, and the subsequent postwar years. Even in
the highly prosperous years of the 1920's, steel ingot output
was significantly below capacity operations.
It is of interest to note that although ingot capacity has
risen steadily in the last half century, the largest additions
have always occurred in periods when steel production was
bumping against existing capacity. In the period from
January 1, 1914, to January 1, 1919, ingot capacity was expanded by 16.5 million tons, or 37 percent; from January 1,
1940, to January 1, 1945, by 12.5 million tons, or 15 percent;
and from July 1, 1950, to July 1, 1953, on the basis of the
projected expansion by the industry, the increase is expected
to amount to 17.4 million tons, or about 17 percent.
STEEL CAPACITY EXPANSION AND PRODUCTION
Expansion in steel capacity in the past five decades has been roughly equal to the increase in peak
annual production over the decades with compensating differences in the depression and World War
periods. The current capacity expansion conforms with past experience in matching a rise in demand.
40
30
CHANGE IN PRODUCTION —
PEAK YEAR IN INDICATED
DECADE FROM PEAK
YEAR IN PRECEDING
DECADE
INCREASE IN C A P A C I T Y
OVER DECADE
20
-10
1900
TO
1910
1910
TO
I92O
1920
TO
1930
1930
1940
JAN. I,
PEAK
TO
TO
I960
1944
1940
1950
TO
TO
JULY I,
1951
1st HALF
1951
JULY I,
1951
TO
JULY I,
1953
U. S DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS.
ouree of data: American Jron and bled Institute; capacity fur 1900 and 1910 estimated by interpolation of capacity figures for 1901, 1908, and 1914.
10
SURVEY OF CURRENT BUSINESS
From a review of the past 5 decades it appears that although the steel industry had operated below capacity over
most of the period, its capacity additions, for a variety of
reasons, have tended to approximate the increase in peak
year demand for steel over the decades. Chart 5 shows the
additions to ingot capacity during each of the decades since
1900, compared with the increase in steel production in the
peak year of the decade from the peak production year of the
preceding decade.
It may be noted that in each of the first 3 decades, from
1900-1930, the added capacity was about equal to the increase in production of peak years. In the depression decade
of the 30's the industry added 9 million tons to its ingot capacity while steel production of 56.6 million tons in 1937, the
peak year of that decade, was 6.6 million tons below 1929,
the peak production year of the previous decade.
In the decade of the 1940's, which included World War II,
production over the peak years increased by 33 million tons
as compared with additions to capacity during the decade of
17 million tons. Tims, in these two decades the differences
were roughly compensating, so that over the two decades as a
whole, the additions to capacity were about equal to the rise
in production in peak years.
In the first year of the current decade, from January 1,
1950, to July 1,1951, the expansion in steel capacity has been
6 million tons. This compares to the increase in production
in the 7-year period from the decade peak in 1944 to the first
half (at annual rate) of 1951 of 15.4 million tons. The
expansion in capacity, as projected by the industry to the
middle of 1953, would conform with the past experience in
which capacity additions have tended to match the increase
in demand.
More steel in the third and fourth quarters
Considering the current production and capacity trends
of the steel industry, shipments of steel products in the
second half of this year are likely to be at an annual rate of
83 million product tons. This is 3 million tons above the
rate of the first half of this year and 14 millions above that
of the first half of 1950.
Allotments of steel to consumers in the fourth quarter of
this year have been announced by the National Production
Authority under the Controlled Materials Plan. These
allotments add to a total tonnage of steel products in the
fourth quarter at an annual rate of 96 million product tons,
compared with an estimated new supply of 85 million tons.
Although the allotments exceed the supply, on the basis of
World War II experience, it was assumed that not all of the
allotments made to the claimant agencies would find their
way to the mills in the form of authorized orders from
manufacturers, i. e., that the rate of "slippage" would be
high. On this basis, it was assumed that the effective
demand would be much closer to the supply. To make any
unforeseen adjustment that would be required in the fourth
quarter, 5 percent of the supply was withheld by the NPA
from the allotments.
Only tentative estimates can be made at this time of the
probable shipments of steel products to consuming industries
in the fourth quarter of this year, on the basis of the announced allotments. A further complication in making
comparisons with 1950 is that the classification of consuming
industries in the allotments categories differ in many instances
from the usual classification reported by the American Iron
and Steel Institute.
Table 3 presents a comparison of the allotments in the
fourth quarter by 11 major consuming groups with shipments in the first half of 1950. In some categories the
August 1951
estimates are rough in view of the difficulties of the classification problem. The final column of the table gives the
probable distribution of the total estimated supply obtained
by reducing the figures in the allotment distribution proportion ately by the ratio of total supply to total allotments
(including the 5 percent withheld). The allotment for
military, atomic energy, ordinance and shipbuilding, however, were not reduced since steel for these purposes would
have top priority and would flow in the amounts claimed
by these agencies.
The use of a proportionate distribution for the other
categories, in trimming dow^n the allotments to the supply,
is, of course, quite arbitrary. It is believed, however, that
this procedure would not greatly distort the picture since
some companies in each of the categories would either not
"cash in" all of their CMP allotments or would fail to
obtain delivery on all of their allotments during the period.
Table 3.—Shifts in Shipments of Steel Products to Consuming
Industries First Half of 1950 to Fourth Quarter 1951
Fourth
quarter
Percent
1951
change
estimated from first
shipments * half 1950
to fourth
quarter
1951
Millions of net tons, at annual
rate
First
half
1950
shipments
Item
Fourth
quarter
1951
allotments
Automotive Military, atomic energy, etc .ConstructionRailroad equipment
Petroleum,
Containers
. .. .. .. -,- _
Exports
Consumer durables (other than autos)
Ordnance and shipbuilding; (including maritime) Machinery and equipment (including farm) .
All other
16. 0
1.6
5.0
4.3
6.8
5.6
2.4
5.0
13.9
8.8
10.6
7.6
7.2
6.5
2.7
3.5
12.8
8.8
9.8
7.0
fi.6
6.0
2.5
3.2
-20
+460
+96
+63
-3
+7
+4
-36
.3
9.7
13.5
1.1
15.0
14.7
1. 1
13.9
13. 6
+267
Total
Reserves for program adjustment and self
certification
70.2
91.6
85.3
+22
70.2
96 2
85 3
Total allotments
Estimated supply
+
+1
4.6
1
Calculated on the assumption that allotments are reduced proportionately to the total
supply, except for direct military, ordnance and shipbuilding allotments.
NOTE.—The CMP allotments include 3 million tons of steel castings made by steel found
ries not reported to the American Iron and Steel Institute. The Institute's figures for tht
first half of 1950 have been adjusted to include 1 million tons of such steel castings.
Source: U. S. Department of Commerce, Office of Business Economics—based on reclassi
fication of data of the American Iron and Steel Institute for the first half of 1950 and allot
ments for the fourth quarter 1951, plus the application of limitation orders as announced b^
the National Production Authority.
The most striking changes in the fourth quarter estimated
shipments from those of the first half of last year are: (I]
the sharp rise in the direct military; (2) the large increases
in construction and machinery and transportation equip
ment; and, the sizeable curtailment for the automotive anc
other consumer durable goods users.
The increase of about three-fifths in the shipments to the
construction and machinery industries reflects the tooling
up for defense as well as the expanded facilities programs o
businessmen. The reduction in steel shipments to the auto
motive industry is due to the curtailment in passenger ca.
production to 60 percent of the rate in the first half of 1950
or to about 1,100,000 passenger cars. Since trucks am
repair parts are not cut back, the decline in steel shipment
for the industry is estimated at 20 percent. A reduction o
about 35 percent from the rate of steel consumed in the firs
half of 1950 is in prospect for the producers of consume
durables other than automobiles. Shipments of steel to th
remaining consuming industries shown in the table are no
expected to differ significantly from the rate of the first ha!
of last year.
(Continued on page 21)
By ROBERT E. GRAHAM, JR,
Regional increases in PRIVATE NONA6RICULTURAL
INCOME from 1949 to 1950 were quite uniform.
-20
PERCENT INCREASE, 1949 TO I960
-10
0
+10
+20
+30
UNITED STATES
Northwest
Southeast
Central
Far West
New England
Middle East
Southwest
However, wide variations in regional movements in
AGRICULTURAL INCOME
-20
PERCENT CHANGE, 1949 TO I960
-10
0
+10
+20
UNITED STATES
Northwest
Southeast
Central
Far West
New England
Middle East
Southwest
and in GOVERNMENT INCOME PAYMENTS
-20
PERCENT INCREASE, 1949 TO I960
-10
0
+10
+20
+30
UNITED STATES
Northwest
Southeast
Central
Far West
New England
Middle East
Southwest
together with the differing regional importance of these
two sources, resulted in less uniform increases in
TOTAL INCOME than in private nonagricultural income.
-20
PERCENT INCREASE, 1949 TO I960
-10
0
+10
+20
UNITED STATES
Northwest
Southeast
Central
+30
State
Income Payments
in 1950
Income payments to individuals * in 1950 were higher than
in 1949 in every State of the Nation. Against the setting
of a generally expansionary economic situation, total income
moved up at similar rates throughout most sections of the
country.
In all but five States total income in 1950 was at record
levels, and in those five it was only slightly below the highs
attained in 1947 or 1948.
Nationally, total income increased from $196 billion in
1949 to $217 billion in 1950—a rise of 11 percent. On a
regional basis, the largest relative gains were scored by the
agricultural Northwest and the Southeast, where income
rose 14 and 12 percent, respectively. Total income growth
in the Central and Far West regions matched that of the
country as a whole, while the 10 percent rise in New England
and the Middle East was only a little less. The smallest
income advance—8 percent—occurred in the Southwest,
which had outpaced all other regions in 1949.
Among the individual States, the largest increases were
in Montana (23 percent), Nebraska (18 percent), and South
Dakota (18 percent). In each of these States a large upsurge in farm income provided the prime impetus to the
expansion of total income. Following the top-ranking advances in these three heavily agricultural States were increases
of 16 percent in North Dakota and North Carolina and 15
percent in Delaware, Florida, and Mississippi. Five of
these eight States (all except Delaware, Florida, and North
Carolina, where agriculture is much less important) are
among the seven States which sustained the largest declines
in both total income and agricultural income in 1949.
Because of the tendency for the 1949-50 income changes
in most States to fall within a comparatively narrow range,
regional shifts in the geographic distribution of income last
year were not generally of appreciable magnitude. However, considerable regional pattern in the shifts is evidenced.
As shown in table 1, in 15 of the 20 States of the Northwest
and Southeast—the two regions where the relative income
rise was largest—the rate of increase in total income equalled
or exceeded that of the country as a whole. Furthermore,
the eight States with the largest gains in 1950 are all, with the
exception of Delaware, located in these two regions. Conversely, in the Southwest, New England, and Middle East,
where percentage increases in total income were less than
average, only four States experienced gains exceeding that
for the country as a whole. In the Far West and Central
regions, where income expansion kept pace with that of the
Nation, nearly all States registered increases similar to the
national average.
For West
New England
Middle East
Southwest
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
1
"Income payments to individuals" is a measure of the income received from all sources
during the calendar year by the residents of each State. It comprises income received by
individuals in the form of wages and salaries, net income of proprietors (including farmers),
dividends, interest, net rents, and other items such as social insurance benefits, relief, veterans'
pensions and benefits, and allotment payments to dependents of military personnel. For a
more detailed definition of income payments and a brief description of sources and methods
used in preparing the estimates, see the "Technical Notes" section of the article in the August
1950 issue of the SURVEY OF CURRENT BUSINESS.
NOTE.—MR. GRAHAM IS A MEMBER OF THE NATIONAL INCOME DIVISION, OFFICE OF BUSINESS ECONOMICS.
11
SURVEY OF CUERENT BUSINESS
12
For the country as a whole, per eapita income payments
(total income divided by total population) were $1,436 in
1950. This was 9 percent above the 1949 average of'$1,320
and higher than in any other year. For all regions except
the Southwest, increases in per capita income approximated
that for the Nation. In the Southwest the relative lag in
total income, together with a further increase in population,
resulted in a per capita income gain of only 6 percent in
1950.
Average incomes in 1950 ranged from $698 in Mississippi
to more than $1,900 in Delaware and the District of Columbia, Others in the top rank included Delaware ($1,909),
Nevada ($1,875), New York ($1,864), Connecticut ($1,776),
Illinois ($1,752) and California ($1,751).
This article continues the series of reports on State income payments which have been published annually in the
SURVEY OF CURRENT BUSINESS. It presents estimates for
each State and the District of Columbia of total and per
capita income payments for 1950. Also included are revised estimates of total income payments for 1948 and 1949
and of per capita income payments for 1940-49. The estimates of both total income and per capita income are shown
for all years of the 1929-50 period, in tables 7 and 8 respectively.
August 1951
The revisions of total income represent adjustments to
revised national totals of certain components and incorporate
better and more complete State data that became available in
the past year. The revisions of per capita income stem, additionally, from the use of revised State population estimates.
Intercensal population estimates of the Bureau of the
Census, which are adjusted to the population counts of the
1940 and 1950 Censuses of Population, were used in computing per capita income in lieu of the unofficial estimates
provided by the Bureau for use in last year's report.
Income Changes from 1949 to 1950
The year 1950 opened on a strong note of recovery from the
business downturn of 1949. The upward movement of economic activity characterizing the first 6 months of the year
was sharply accelerated by developments following the outbreak of hostilities in Korea. Under the impact of new demand-pressures from business, consumers, and government,
production forged ahead and prices rose sharply.
Income advanced in all major sectors of the economy from
1949 to 1950. However, there were wide differences among
States in relative changes in income from agriculture, government, manufacturing, and the trade and service industries.
Table 1.—Percent Distribution of, and Relative Changes in, Total Income Payments, by States and Regions, Selected Years, 1929-50l
Percent distribution
Percent change
1
State and region
1929 to
1950
1940 to
1950
1944 to
1950
1946 to
1950
1948 to
1949
1949 to
1950
1929
1940
1944
1945
1946
1947
1948
1949
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
+ 163 1
+186 |
+42
+27
-3
+11
8.22
1.77
.54
4 58
.37
.70
.26
8.07
1.87
.57
4 36
.35
.67
.25
6.99
1.76
.57
3.55
.28
.63
.20
6.90
1. 66
.55
3.57
.30
.61
.21
6.92
1.64
.54
3.62
.32
.58
.22
6.82
1.69
.53
3.48
.32
.58
.22
6.68
1. 63
.53
3.43
.31
.57
.21
6.74
1. 63
.52
3.51
.31
. 56
.21
6.68
1.64
.50
3.46
.31
. 56
.21
+114
+144
+141
+99
+123
+112
+108
+ 137
+ 151
+151
+ 127
+150
+141
+141
+36
+32
+23
+38
-57
+28
+49
+23
+27
+18
+22
+23
+23
+21
2
-3
-5
+10
+11
Middle East
Delaware
_ _ _ _ _ _
District of Columbia
Maryland
New Jersey
_
New York
Pennsylvania
West Virginia
_
33.70
.26
3.96
17.53
8.88
.96
32.06
.31
1.19
1.61
4.14
15. 60
8.21
1.00
27.68
.26
.99
1.68
3.81
12.73
7.31
.90
27.96
.25
1.03
1.61
3.69
13.13
7.30
.95
28. 31
.25
1.01
1.59
3.62
13. 51
7.37
.96
27.90
.25
.94
1.54
3.53
13. 23
7.39
1.02
27.61
.25
.90
1.52
3.48
13. 13
7. 29
1.04
27.92
.27
.96
1.56
3.57
13. 29
7.29
.98
27.74
.28
.95
1. 56
3. 56
13. 03
7.39
.97
+ 116
+ 179
+222
+206
+137
+95
+119
+ 166
+ 148
+ 155
+ 127
+177
+ 147
+139
+158
+178
+42
+51
+36
+32
+33
+45
+43
+53
+25
+41
+19
+24
+25
+23
+28
+29
_2
+4
+4
()
-1
Southeast
10.51
.97
.68
.84
1.16
1.17
1.04
.66
1.17
. 53
1.10
1.19
11. 93
1.01
.65
1.19
1.30
1.16
1.12
.58
1.49
.72
1.22
1.49
14.29
1.29
.76
1.59
1.58
1.20
1.33
.80
1.65
.84
1.52
1.73
14.41
1.31
.79
1.60
1.58
1.25
1.28
.78
1.69
.84
1.59
1.70
13.90
1.22
.79
1.49
1.52
1.25
1.19
.70
1.76
.83
1.49
1.66
13. 75
1.24
.74
1.43
1.52
1.24
1.20
.74
1.74
.81
1.48
1.61
13. 76
1.23
.78
1.39
1.48
1.27
1.25
. 76
1.71
.83
1.45
1.61
13.78
1.18
.73
1.49
1.49
1. 26
1.35
.67
1.71
.81
1.45
1.64
13.95
1.18
. 73
1.55
1.54
1.24
1.29
. 70
1.79
.81
1.46
1. 66
+249
+219
+181
+386
+251
+179
+226
+ 180
+302
+302
+250
+265
+235
+236
+220
+275
+240
+206
+232
+243
+243
+223
+ 242
+219
+38
+29
+36
+39
+38
+46
+37
+25
+53
+36
+36
+36
+27
+22
+17
+32
+29
+26
+38
+27
+29
+24
+25
+27
5.03
.30
.19
1.31
3.23
5.15
.31
.25
1.09
3.50
6.21
.39
.28
1.21
4.33
6.09
.38
.29
1.17
4.25
5.93
.38
.29
1.13
4.13
6.22
.39
.30
1.15
4.38
6.16
.41
.30
1.14
4.31
6.60
.42
.34
1.17
4.67
6.43
.43
.35
1.10
4.55
+236
+282
+376
+ 121
+270
+257
+295
+303
+ 188
+272
+47
+58
+80
+29
+49
+38
+45
+ 56
+ 24
+40
+4
-1
+9
-1
+5
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
27.55
6. 72
2 58
1.51
4.73
1.60
2 39
5.85
2.17
27.65
6.90
2 62
1.56
4. 39
1. 72
2.44
5.80
2.22
28.09
7.11
2.53
1. 74
4.38
1.84
2.56
5.69
2.24
28.35
7.18
2.58
1.56
4.61
1.85
2.48
5.80
2.29
29.22
7.41
2.67
1.88
4.53
1.92
2.57
5.95
2.29
28.48
7. 15
2. 60
1. 70
4. 56
1.85
2.56
5.79
2.27
28.55
7.06
2.64
1. 72
4.66
1.84
2.56
5.80
2 27
+ 156
+118
+206
+277
+ 186
+ 177
+ 152
+156
+ 167
+186
+ 167
+209
+ 203
+ 196
+ 181
+ 190
+183
+205
+47
+49
+45
+61
+40
+63
+52
+40
+48
+29
+ 26
+33
+25
+35
+27
+27
+30
+29
-5
—6
-6
-12
-2
—6
-3
-6
-4
4.75
.77
.28
1.20
.39
.92
.32
.35
.33
.19
4.44
.78
.31
1.00
.42
.75
.31
.32
.35
.20
4.98
.75
.35
1.30
.36
.88
.37
37
^42
.18
4.99
.81
.34
1.23
.37
.87
.37
.40
.42
.18
4.95
.81
.36
1.17
.39
.86
.36
.40
.41
.19
5.30
.88
.36
1.29
.43
.84
.47
.42
.41
.20
5.23
.86
.36
1. 18
.44
.91
.42
.46
.40
.20
4.98
.86
.36
1.16
.40
.85
.36
.37
.41
.21
5.11
.86
.35
1.18
.44
.90
.37
.40
.41
.20
+ 183
+ 194
+232
+157
+ 195
+ 157
+207
+200
+225
+ 185
+230
+216
+229
+239
+ 199
+245
+242
+257
+233
+191
+46
+61
+42
+29
+ 72
+46
+45
+51
+37
+61
+31
+35
+25
+28
+43
+33
+31
-r-28
+27
+33
-7
8.47
6.31
.09
. 73
1.34
9.79
7.39
.12
.83
1.45
12.30
8.96
. 14
1.09
2. 11
12.00
8.83
. 14
1.06
1.97
11.90
8.88
. 14
1.04
1.84
11.66
8.66
. 14
1.08
1.78
11.34
8.39
.13
1.07
1.75
11.50
8.53
. 14
1.05
1.78
11.54
8.53
.14
1.07
1. 80
+258
+255
+305
+285
+254
+237
+231
+226
+267
+256
+33
+35
+41
+39
+21
+23
+22
+26
+31
-j-25
Continental United States
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
-
\labama
Arkansas
Florida.
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
. __
_ _
Central
Illinois
Indiana
Iowa
Michigan
Minnesota
Missouri
Ohio
Wisconsin
_
Northwest
Colorado
Idaho
Kansas
_
Montana
Nebraska
North Dakota
South Dakota
Utah
Wyoming
1
_
_
Southwest
Arizona
New Mexico
Oklahoma
Texas
Far West
California
Nevada
Oregon
Washington
-_
-
.
_ .
--_ _ _ -
1.34
Computed from data shown in table 7.
Source: U. S. Department of Commerce, Office of Business Economics.
1950
-3
-3
r
—3
-10
+4
-4
+5
— 14
-3
—6
0
-3
-11
-10
-18
— 22
0
0
-2
-1
II2
—
+c
+9
+9
+11
+11
+10
+1.5
+<J
+11
+11
+ii
+t
+L+1:
+1:
+i+i<
+'
+'
+1
+1
+1
+1
+1
+1
+1
+
+
+1
+1
+1
+]
+i
+]
+]
+]
+:
+'
-)•
+
+:
+
+
H
H
+
+
+
+
+
August 1951
SURVEY OF CURRENT BUSINESS
The varying rates of change in these major income sources in
relation to their differing importance in the economies of the
various States (see table 6), tended to form patterns of generally offsetting change. On balance, then, aggregate income
increased at broadly similar rates in most parts of the
country.
In conformity with past experience, agricultural income
proved the most volatile of the major income flows. The
national rise of 6 percent in this component was the composite
of changes on a State basis ranging from declines as large as
one-fourth to increases up to two-thirds. Disparities in
changes in government income payments stemmed largely
from sharp increases in military payrolls, the disproportionate
concentration of military installation in the two Southern
regions, and the payment by some State governments of
bonuses to veterans in either 1949 or 1950. Differential
changes in factory payrolls reflected largely variations among
the States and regions in the proportion of durable goods
manufactures to total manufactures. As usual, geographic
differences in changes in trade and service income were
smaller than the changes in the primary flows. However,
these differences were more disparate in 1950 than in the prior
postwar period.
Farm income
Nationally, the 6 percent rise in farm income from 1949 to
1950 was the smallest of any major income component, both
in dollar volume and percentagewise. This rise reflected
mainly the composite effects of the increase in farm prices
which began in early 1950 and accelerated following the outbreak of hostilities in Korea; a small decrease in the aggregate
volume of crop production (but, the 1950 crop was the third
largest on record); a slight increase in total meat production;
and a moderate rise in farm production expenses.
Although, on a Nation-wide basis, moderateness was the
keynote in the change in most factors influencing farm
income in 1950, this by no means held true among the
individual States.
Nationally, a drop of nearly 40 percent in cotton producion, together with an increase of about two-fifths in average
)rice, resulted in a relatively small decrease in the value
>f cotton production in 1950. By States, however, there
vere declines of one-fourth to more than one-third in North
Carolina, Texas, and Oklahoma, and gains ranging from
>ne-tenth to more than two-fifths in Georgia, Mississippi,
bizona, and California.
Similarly, for the country as a whole, the values of corn
,nd wheat production in 1950 were not too different from
949. In Texas, however, wheat production dropped 75
•erceiit, while in Montana it increased one-half and in
Nebraska almost two-thirds. Changes in the value of corn
reduction from 1949 to 1950 varied between small, but
ignificant, declines of 3 and 4 percent, respectively, in
llinois and Iowa to gains of nearly one-fourth in Nebraska
ad Missouri.
Changes in agricultural income in 1950 were most proouncecl in the States of the Northwest and Southwest—the
tost agricultural of the regions. In the Northwest, farm
iconie increased one-fourth from 1949 to 1950 and total
Lcome went up 14 percent. In the Southwest, income from
'•riculture dropped one-sixth and total income rose only
percent.
The wide fluctuations in farm income in these two areas—
ith their consequent impact upon changes in aggregate
.come—reflect, in the main, sharp declines in the value of
>th cotton and wheat production in Texas and Oklahoma;
.e nearty complete destruction of the wheat crop in New
exico; an increase of more than two-fifths in the value of
13
Table 2.—Percent Changes, 1949 to 1950, in Total Income Payments
and Selected Components, by States and Regions
AgriGovernTotal
Nonment
culincome tural agricul- income
paytural
in- ! income
payments come
ments 2
State and region
Continental
States
Private
nonagricultural
income 3
Trade
and
service4
income
Manufacturing
pay
rolls
United
+11
+6
+11
+14
+11
+9
+ 13
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
+10
+11
+6
+9
+9
+11
+ 11
—5
— 13
-11
-3
0
-10
+14
+10
+12
+8
+ 10
+ 10
+ 11
+ 10
+8
+6
+7
+9
+8
+6
+9
+11
+ 13
+8
+10
+ 10
+13
+ 11
+8
+9
+7
+7
+10
+10
+10
+ 13
+ 17
+9
+ 11
+ 13
+ 16
+ 13
Middle East_
Delaware
District of Columbia Maryland
New Jersey
New York- _ _
Pennsylvania
West Virginia
+10
+ 15
+9
+ 11
+ 11
+9
+12
+9
+3
+17
—1
+10
+14
+9
+ 11
+ 11
+9
+ 18
+10
+14
+ 17
+ 11
+ 13
+11
+8
+29
-f 19
+9
+14
+7
+ 11
+11
+9
+10
+8
+8
+ 11
+6
+ 11
+11
+7
+9
+7
+9
+15
+4
+9
+ 11
+8
+10
+8
Southeast
\labama
Arkansas _ _ _
Florida
Georgia
Kentucky
Louisiana .
Mississippi ...
North Carolina
South Carolina _
Tennessee
Virginia
+12
+11
+11
+ 15
+ 14
+9
+6
+ 15
+16
+ 11
+ 12
+12
+6
+3
+8
+25
+ 14
-16
7
+18
+12
+1
-6
+9
+13
+12
+ 11
+ 14
+ 14
+ 14
+8
+ 14
+ 16
+13
+ 14
+ 12
+16
+15
+ 13
+ 19
+19
+ 19
+5
+ 19
+20
+ 12
+ 17
+ 17
+12
+12
+11
+13
+ 13
+ 12
+8
+ 13
+ 16
+ 13
+ 13
+ 10
+12
+13
+10
+12
+11
+11
+11
+12
+14
+13
+11
+10
+15
+ 14
+17
+ 12
+19
+ 16
+ 10
-|23
+ 17
+ 14
+ 14
+ 12
+8
+13
+14
+4
+8
-17
+12
-13
-28
-17
+13
+13
+ 19
+ 11
+ 13
+21
+18
+25
+ 14
+23
+11
+12
+ 17
+9
+11
+12
+12
+16
+12
+11
+13
+11
+42
+9
+13
+11
+9
+ 13
+ 12
4-13
+ 10
+ 11
+ 11
+11
+5
+7
+1
+22
—8
-5
+14
-3
—1
+12
+9
+14
+9
+ 14
+ 13
+ 10
+ 12
+12
+11
+ 11
+ 12
+4
+9
+20
+ 14
+11
+12
+12
+9
+ 14
+ 10
+ 15
+ 12
+ 10
+12
+12
+10
+8
+12
+10
+ 12
+11
+9
+10
+12
+15
+ 12
+18
+10
4, 18
+ 12
+ 11
+15
+15
Northwest
..
Colorado
...
Idaho
Kansas
~ .
Montana
Nebraska
North Dakota
South Dakota
Utah
Wyoming
+14
+ 11
+9
+ 12
+23
+ 18
+ 16
+ 18
+9
+8
+23
-12
+4
+17
+64
+37
+31
+34
2
+12
+ 11
+ 14
+11
+ 11
+ 11
+ 11
+8
+ 10
+10
+7
+14
+18
+15
+13
+ 15
+ 15
+6
+12
+12
+20
+10
+13
+11
+11
+ 10
+9
+9
+9
+10
+3
+10
+12
+9
+11
+ 10
+11
+10
+9
+10
+7
+12
+15
+ !">
+ 14
+9
+10
()
Far West
California
Nevada. _ _ .
Oregon
Washington _ _
+11
+ 11
+13
+ 12
+12
+17
+15
+6
+20
+28
+11
+11
+14
+12
+11
+14
+12
+30
+ 12
+22
+11
+11
+10
+10
+7
+7
+12
+9
+8
+14
+15
+ 16
+ 16
+9
Southwest
Arizona
New Mexcio
Oklahoma
Texas
._.
Central
..
Illinois....
Indiana
Iowa
_ ._ .
Michigan
Minnesota . .
Missouri
Ohio
Wisconsin
.._
.
—3
+7
+12
A
+8
+9
+7
+3
1
Consists of net income of farm proprietors (including value of change in inventories of
crops and livestock), farm wages, and net rents to landlords living on farms.
2
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, mustering-out payments to discharged servicemen,
veterans' benefit payments (consisting of pensions and disability compensation, readjustment
allowances, self-employment allowances, cash subsistence allowances, State government
bonuses to veterans of World W r ar II, cash terminal-leave payments and redemptions of
terminal-leave bonds, adjusted, compensation benefits, military retirement payments,
national service life insurance dividend disbursements, and interest payments by Government on veterans' loans), interest payments to individuals, public assistance and other
direct relief, and benefit payments from social insurance funds.
s Consists of total income payments minus agricultural income and Government income
payments.
4
Consists of wages and salaries and proprietors' income.
Source: U. S. Department of Commerce, Office of Business Economics.
cotton production in Arizona; and large increases in the value
of production of wheat, corn, and other grains in Montana,
Nebraska, North Dakota, and South Dakota.
Though less pronounced than in the States of the Northwest and Southwest, fluctuations in farm income made major
contributions toward swelling aggregate income in Florida,
Mississippi, Delaware, Iowa, and the three Pacific Coast
States. Declines in agricultural income were partly responsible for the below-average increases in total income in
Kentucky, Louisiana, and Minnesota.
SURVEY OF CURRENT BUSINESS
14
Table 3.—Percent Increases, 1940 to 1950, in Total Income Payments
and Selected Components, by States and Regions
GovernTotal AgriNonPrivate
Trade Manument
culfacturincome tural agricul- income nonagriand
ing
tural
cultural service
payinpaypay
ments come1 income ments l income 1 income l rolls
State and region
C o n t i n e n t a l United
States
186
198
186
218
179
196
219
New England
137
128
115
149
108
215
54
141
137
152
152
128
148
141
141
164
197
166
154
161
173
163
133
147
149
123
137
152
174
157
141
168
158
151
171
163
186
173
191
169
180
173
209
145
303
174
150
198
215
144
150
114
160
143
138
152
176
165
184
165
216
179
153
174
205
188
224
144
171
169
198
188
188
Connecticut
Maine . _ _ _ _ - _ . _
Massachusetts
N ew Hampshire
Rhode Island __. ..
Vermont
151
151
127
150
141
141
145
136
Middle East
Delaware
District of Columbia.
Maryland...
New Jersey
New York
Pennsylvania
West Virainia
148
155
127
177
147
139
158
178
126
133
127
168
115
128
104
148
156
127
179
146
140
159
182
Southeast
. ._Alabama
Arkansas. _ _ _ . .
Florida
Georgia
Kentucky
Louisiana.
__
Mississippi
North Carolina
South Carolina . _ .
Tennessee
Virginia
235
236
220
275
240
206
232
243
243
223
242
219
176
165
162
351
146
135
181
206
210
112
134
184
246
248
245
268
257
219
238
258
250
248
260
223
318
330
255
374
324
272
324
315
339
234
326
344
228
229
241
246
242
207
218
237
232
252
246
192
239
238
235
267
238
224
239
270
245
229
247
208
271
270
302
262
304
280
266
284
251
316
279
226
Southwest
Arizona
._ ._
New Mexico
Oklahoma ._ _ .
Texas
257
295
303
188
272
194
392
143
76
228
269
278
344
212
280
334
273
336
238
383
254
280
347
205
260
272
282
313
215
284
344
350
687
240
364
186
167
209
203
196
181
190
183
205
192
209
247
221
115
147
258
162
160
186
165
205
196
199
188
183
184
210
184
166
193
210
196
173
209
194
151
186
165
207
193
200
191
179
182
222
191
165
235
209
202
180
186
191
226
226
217
244
269
218
274
237
215
247
Northwest
Colorado
Idaho
.
Kansas
Montana
_ _ _
Nebraska
North Dakota
South Dakota
Utah
Wyoming
.
230
216
229
239
199
245
242
257
233
191
284
218
249
258
298
423
249
334
172
143
217
216
224
235
171
199
241
222
240
206
201
218
180
212
143
180
200
188
279
195
222
216
237
241
180
204
257
235
230
209
238
224
216
256
216
231
270
267
233
247
287
277
293
352
188
280
175
236
277
260
Far West
.
California
Nevada
Oregon
Washington
237
231
226
267
256
245
239
311
225
278
237
230
218
271
254
294
288
237
271
336
225
218
213
271
233
233
224
309
267
256
291
301
571
320
237
Central . .. _
Illinois
Indiana
Iowa
Michigan
Minnesota
Missouri
Ohio
Wisconsin
.
-
._ -
3
For definition see footnotes to table 2.
Source: U. S. Department of Commerce, Office of Business Economics.
Government income payments
There was a 14 percent rise from 1949 to 1950 in government income payments—the total of wages and salaries,
interest, social insurance benefits, and other types of income
disbursements to individuals by Federal, State, and local
agencies. This rise stemmed almost entirely from the $2.7
billion disbursement of Government life insurance dividends
and from an increase of about one-third in the cash pay of
military personnel stationed within the continental limits.
The rise in government income payments other than insurance dividends and military pay was slight, and much
smaller than the 1949-50 increase in private income.
The 1950 dividend disbursement was of considerable
importance in swelling total incomes throughout the Nation.
Because of its relatively uniform distribution, however, it
had little effect on differences among States in the 1949-50
relative increases in government income payments.
On the other hand, the increase in military payrolls had
a very differential impact on the government income pay
August 1951
ments distribution in 1950. Nearly one-half of all military
payrolls were paid out at installations in the Southeast and
Southwest in 1949. As a result of the heavy concentration
of military payrolls in the two Southern regions, together
with relatively large increases in them, these two areas scored
above-average gains in income flowing from government.
Although in total a comparatively minor item, disbursements of State bonuses to veterans of World War II in either
1949 or 1950 were an important factor in some States in
accelerating or dampening the flow of government income
payments. State bonuses were mainly responsible for the
substantial gains in government income payments in Pennsylvania, Minnesota, and Washington, and for the relative
lags in Iowa, Louisiana, North Dakota, and Ohio. In most
of these States, the unusually large or small relative increases
in Government income payments had a noticeable effect upon
the change in aggregate income.
In the Southeast, Southwest, and Middle East, government income payments buoyed the flow of total income. The
gain of 16 percent in the Southeast, though only slightly
larger than in the rest of the Nation, contributed materially
to relative income growth in the region primarily because
government as a source of income is of more importance here
than in any other area—one-fourth again as important as ir
the country as a whole. The 21-percent rise in government
income payments in the Southwest w^as the largest in th(
Nation. It was primarily responsible for the region's top
ranking 1949-50 rise in nonagricultural income and did mud
to ameliorate the effect of the large drop in agricultura
income upon the region's total income stream.
The smallest increase in government income payment
from 1949 to 1950 occurred in the New England region. Her<
the rise of only 8 percent—traceable to below-average in
creases in all major types of governmental payments, botJ
Federal and State and local—was a dampening influence ii
the region's total-income expansion.
In the Central States, the only other region with a de
creased share of Government income payments in 1950, th
less-than-average importance of this income component i
the region's economy tended to minimize the impact of th
relative decline, and total income and private income move
up at equal rates.
Private nonagricultural income
As shown in the first chart (see also table 2), there ws
marked geographic uniformity in the 1949-50 increases i
private nonfarm income. In all 7 regions and in 38 of th
States, the increase in private nonagricultural income W£
within 2 percentage points of the Nation-wide gain of 1
percent. The uniformity of changes in total income, whi
considerable, was significantly less than that in private noi
farm income because of the unevenness of the movements i
farm income and government income payments.
The most important influence underlying such variatioi
as did occur in the State and regional increases in priva
nonagricultural income was the differential impact of chang
in factory payrolls.
The expansion of manufacturing wages and salaries la
year—13 percent on a national basis—reflects chiefly tl
recovery of the manufacturing industry by early 1950 fro
the business downturn of 1949; the further upward mov
ment of production in response to stepped-up business ai
consumer demands (mostly for durables) in the mont
immediately following the invasion of South Korea; and, to
limited extent, the initial impact of the national defen
program.
Following are the high lights of changes in factory payro
in the regions where income growth was most affected.
1. Increases in factory payrolls of 17 percent in Connec
SURVEY OF CURRENT BUSINESS
August
cut and 16 percent in Rhode Island were mainly responsible
for bolstering the flow of private nonfarm income in New
England—the area hardest hit by the drop in manufacturing
activity in 1949. The large rise in Connecticut came from
expansion of the State's highly important metal-working and
machinery-producing industries. In Rhode Island, the sharp
upturn in total factory payrolls centered in the textile industry, which accounts for almost half of all manufacturing
wages and salaries in the State.
2. In the Central States, manufacturing payrolls increased
15 percent from 1949 to 1950 and were chiefly responsible for
the region's top-ranking advance in private nonagricultural
income. While in this region payrolls in all major types
of manufactures moved up in 1950 at rates equalling or bettering those for the Nation, the main factor underlying manufacturing expansion in this area was the preponderance of
durable goods industries.
In the Central States, payrolls of industries producing
mainly durable goods form two-thirds of all factory payrolls—
a larger proportion than in any other region. As the most
striking increases in manufacturing throughout the Nation
occurred in the durable goods industries, the Central States
were in a favorable position to participate in the expansion of factory payrolls.
3. In the Middle East, the 9-percent rise in factory payrolls—the smallest regional gainiii the country—was a major
factor in the flow of private nonfarm income. Although
factory payrolls increased at less-than-average rates from
1949 to 1950 in all States of the Middle East except Delaware,
the regional lag is attributable mainly to the comparative
smallness of New York's 8-percent increase. This increase
reflected, in part, the preponderance of nondurables in the
State's manufacturing structure. However, in 4 major industries accounting for almost one-half of all factory payrolls
in the State the 1949-50 increases fell below the country-wide
average by a substantial margin.
Table 4.—Regional Changes in Total Income and in Private
Nonagricultural Income, Selected Years
1946 to 1950
Region
United States
New England
Middle East
Southeast
Southwest ._- -_
CentralNorthwest Far West
1948 to 1950
Private
Total nonagri- Total
income cultural income
income
1948 to 1949
1949 to 1950
Private
Private
Private
nonagri- Total nonagri- Total nonagricultural income cultural income cultural
income
income
income
+27
+31
+8
+8
-3
-3
+ 11
+11
+23
+25
+27
+38
+29
+31
+23
+25
+27
+36
+42
+36
+41
+26
+8
+8
+9
+12
+5
+5
+10
+6
+6
+10
+11
+8
+12
+7
-2
-2
-4
-3
-2
0
-3
+1
-3
+10
+10
+12
+8
+11
+14
+11
+11
+9
+12
+11
+12
+10
+10
0
+4
—5
-7
-2
Sources: U. S. Department of Commerce, Office of Business Economics.
In Delaware, for the second successive year, a sharp increase in the State's important chemicals industry pushed
factory payrolls up at above-average rates.
Though manufacturing activity was the major factor influencing changes in the flow of private nonagricultural income last year, relative changes in trade and service income
in three regions are deserving of mention.
In the two Southern regions, all 15 States shared in these
areas' considerably more-than-average increase in trade and
service income. Particularly outstanding were the increases
of 16 percent in New Mexico and 14 percent in North Carolina—the two largest in the Nation.
In the Far West, the sizable lag in trade and service income
was the principal dampening factor in the growth of private
nonfarm income. The relatively small increase in the trade
15
and service sector reflects, in part, the stability of income
from motion-picture production in California.
Comparative Movements of Total and Private
Nonfarm Incomes
Private nonagricultural income is a measure which is of
particular significance for evaluating short-run changes in
regional economic activity. It eliminates from total income
the direct effects of temporary, random elements reflected
in the agricultural and governmental income flows—such as
the vagaries of weather, crop damage from pests and insects,
sharp variations in farm prices, disbursement of veterans'
bonuses, and relocation of military personnel. These and
other elements of this sort often obscure income changes in
the large private nonfarm sector and render total income
an inappropriate measure of the more basic short-term
developments in the State and regional economies.
Table 5.—Differentials and Relative Changes in Per Capita Income
Payments, by States and Regions, Selected Years, 1929—50 *
Percent of national per capita income
Percent change
State and region
1940
to
1950
1944
to
1950
100
100 +150
+24
+9
108
123
81
111
89
109
82
+115
+ 114
+ 133
+ 109
+ 129
+118
+127
+20
+17
+ 12
+23
+22
+18
+23
+10
+11
+o
+ 11
+6
+ 12
+7
1929
Continental
UnitedStates...
1940
1944
1945
1946
1948
1949
100
100
100
100
100
100
1950
1949
to
1950
New England
Connecticut
Maine
_
Massachusetts . _
New Hampshire .
Rhode Island-. .
Vermont
123
135
83
132
96
125
88
126
144
87
133
98
125
91
112
130
90
112
91
114
83
110
125
88
112
94
111
87
111
122
88
114
94
110
90
106
120
86
106
92
105
87
107
121
84
109
92
106
84
Middle East
Delaware
Dist. of Col
Maryland
.
New Jersey
New York
Pennsylvania
West Virginia...
136
135
175
103
139
165
113
68
131
155
189
123
140
150
109
69
118
123
114
111
124
132
105
70
120
117
118
107
124
138
106
73
119
119
117
103
122
137
106
74
116
116
116
103
117
131
104
79
117
126
131
106
118
131
104
75
117
133
138
108
118
130
106
73
+123
+ 114
+83
+ 119
+ 110
+ 116
+ 143
+164
+23
+34
+50
+20
+ 17
+21
+26
+30
+9
+15
+ 15
+ 10
+8
+7
+11
+5
Southeast
Alabama
.
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina.,
South Carolina. Tennessee
Virginia
51
45
45
71
48
55
61
40
45
37
51
62
56
47
44
81
55
54
62
35
55
50
55
78
66
61
56
87
66
61
71
50
61
58
70
80
67
61
60
88
67
64
70
50
64
59
73
79
66
59
63
85
65
64
65
48
67
61
68
76
67
60
63
78
66
66
70
54
65
62
65
77
67
58
59
83
66
65
76
48
64
60
66
79
67
58
57
84
67
63
73
49
66
58
67
81
+198
+211
+225
+159
+207
+ 195
+ 192
+242
+201
+ 190
+204
+160
+25
+19
+26
+19
+27
+29
+26
+20
+33
+23
+19
+25
+9
+9
+6
+11
+ 11
+6
+4
+ 10
+ 12
+5
+11
+11
Southwest .
Arizona,
New Mexico
Oklahoma
Texas
68
84
56
67
68
70
81
62
62
72
82
83
69
81
84
80
85
72
75
82
79
81
72
74
80
82
85
76
79
83
88
86
81
82
90
85
86
77
75
89
+206
+166
+212
+198
+209
+28
+29
+39
+ 14
+31
+6
+9
+4
—1
+7
Centra!
Illinois
Indiana
Iowa_ _
Michigan
Minnesota
Missouri _
Ohio
Wisconsin _.
106
137
86
80
110
83
90
110
93
105
126
94
85
113
89
88
112
90
105
115
100
89
115
84
90
113
97
105
119
101
93
106
90
92
111
99
106
122
97
103
105
96
96
107
100
110
128
102
110
107
98
98
109
102
107
123
99
99
108
94
98
108
102
108
122
101
99
110
93
98
110
100
+155
+141
+168
+190
+ 144
+161
+177
+146
+177
+27
+31
+26
+37
+ 19
+37
+35
+21
+27
+9
+8
+11
+9
+11
+7
+9
+ 11
+7
Northwest ... __
Colorado
Idaho
Kansas
Montana
Nebraska
North Dakota___
South Dakota. ._
Utah ._ ._ .
Wyoming
79
91
76
78
89
82
57
61
79
101
79
90
77
74
100
65
66
83
105
95
88
89
100
104
97
93
90
91
94
96
96
92
97
105
97
93
97
90
99
97
95
98
94
111
99
94
101
87
104
103
104
95
96
119
107
109
115
88
110
96
102
92
93
105
98
91
90
91
112
96
97
90
93
112
102
90
91
89
105
+203
+ 168
+ 191
+216
+ 178
+238
+249
+245
+ 166
+ 150
+25
+36
+25
+15
+33
+31
+21
+25
+20
+38
+8
+3
+5
+9
+ 15
+ 13
+8
Far West
California
Nevada.. _. .
Oregon
Washington
127
139
120
94
105
130
140
143
100
110
129
132
119
112
129
120
123
125
108
114
120
124
134
105
108
115
117
122
105
110
118
121
126
105
111
119
122
131
106
114
+ 129
-4-118
+ 128
+ 165
+160
+14
+14
+36
+ 17
+10
1
Computed from data shown in table 8.
Source: U. S. Department of Commerce, Oflice of Business Economics.
+
^:
+2
+ 10
+10
+ 12
+ 10
+ 12
SURVEY OF CURRENT BUSINESS
16
This, of course, is not to suggest that comparisons of
private nonfarm income over short periods can be used in
any strict sense as measures of "trend"—that is, of the
long-term basic tendency of income in the various States
and regions to grow or decline in relation to the Nation.
As discussed and emphasized in previous State income
reports, regional income trends can best be measured
through analysis of relative changes in total income over a
considerable span, utilizing as the basis of reference years
representing approximately comparable points on the business cycle. What is meant to be conveyed here is (1) the
caution that short-run changes in total income—while
relevant for certain types of marketing analysis and for a
variety of other purposes for which the State income payments estimates are used—may be quite misleading as indicators of "fundamental" shifts in the geographic income
distribution, and (2) the suggestion that changes in private
nonfarm income generally are the more appropriate such
indicator, particularly when they relate to years of cyclical
August 1051
PERCENTAGE INCREASES, 1940 TO i960, IN
TOTAL INCOME PAYMENTS AND MAJOR
COMPONENTS, BY REGIONS
TOTAL INCOME
100
UNITED STATES
200
300
w/r///w//r////////^^^^
Southwest
Far West
Southeast
Northwest
Central
Middle East
New England
GOVERNMENT INCOME PAYMENTS
Table 6.—Major Sources of Income Payments in Each State and
Region: Selected Components as a Percent of Total Income,
1910 and 1950
100
UNITED STATES
200
300
^
Southwest
Manufactur- Trade and
Agricultural Government
service
ing pay
income
income *
income 1
rolls
payments l
State and region
1940
-
1940
1950
-
- -
1950
Northwest
Central
7.5
14.5
16.2
20.3
22.6
25.5
26.3
Middle East
1.9
1.7
5.9
1.0
3.4
.5
10.4
13.7
9.5
16.0
14.9
14.8
15.3
13.8
15.3
11.2
16.9
16.7
15.5
17.4
15.0
26.7
34.0
23.3
23.8
26.8
30.6
18.8
30.6
35.6
26.5
28.6
31.2
34.2
21.9
23.4
21.2
23.5
24.7
23.4
21.8
23.4
24.9
23.1
24.0
26.1
25.2
23.3
24.5
New England
1.7
5.0
3.6
1.6
1.4
2.2
5.5
2.9
1.8
1.3
2.0
4.1
14.2
8.8
43.3
13.0
12.2
13.3
13.3
13.1
15.6
10.7
46.6
18.9
13.6
13.9
15.4
14.8
21.2
25.3
2.8
21.1
30.4
17.8
25.8
18.5
24.6
32.2
3.0
20.6
33.1
22.2
28.7
19.2
26.2
17.5
24.0
23.9
22.1
30.0
23.0
19.3
28.1
19.5
27.9
27.1
25.0
31.7
24.5
21.3
15.2
14.5
30.0
83
15.7
15.7
10.2
27.6
17.4
18.2
14.4
9.8
-- -
- _ __
-
Northwest
Colorado
Idaho
Kansas
Montana
Nebraska
North Dakota
South Dakota
Utah
Wyoming
_ ._
-
12.5
11.5
24.5
10.0
11.4
12.0
8.7
24.6
15.7
12.0
9.8
8.8
16.4
16.0
17.1
15.9
15.8
15.8
16.5
19.0
13.6
19.2
15.8
18.6
20.5
20.5
19.0
20.1
19.7
19.2
21.1
22.9
17.4
19.9
19.6
25.9
15.7
18.7
8.4
7.3
16.5
12.0
12.4
10.1
24.6
21.7
18.6
16.2
17.4
20.6
10.6
7.0
19.6
14.9
13.7
11.3
25.2
27.9
20.6
16.5
25.0
24.8
23.6
31.5
26.7
23.6
25.7
22.1
22.0
22.4
25.6
24.6
25.3
24.9
24.8
30.8
26.5
24.9
26.2
23.8
22.2
22.8
26.0
23.7
15.8
13.5
20.6
18.0
15.1
-
Central
Illinois
Indiana
Iowa
Michigan
Minnesota
Missouri
Ohio
Wisconsin
13.1
16.9
12.4
11.0
13.3
15.5
21.9
21.7
18.6
13.6
18.9
20.8
23.4
21.8
17.6
8.0
4.6
2.4
7.3
9.0
10.0
5.2
4.7
8.6
11.2
25.0
25.8
23.2
23.7
25.4
26.0
25.0
23.8
25.9
26.3
7.8
4.6
7.4
28.4
4.4
16.9
9.6
4.0
11.7
8.0
5.4
8.3
30.1
3.2
14.8
11.8
3.7
10.0
13.0
12.6
12.8
12.8
12.3
16.2
13.6
12.4
14.8
12.9
12.5
12 2
13! 1
12.3
15.8
14.5
12.8
12.2
25.8
23.1
30.7
10.6
38.2
11.8
16.6
30.5
26.1
29.4
27.4
34.2
12.9
41.1
15.7
19.2
34.0
29.8
24.5
26.7
21.8
22.0
22.2
26.0
28.3
23.7
23.0
24.9
26.5
23.7
22.3
22.7
25.9
27.9
24.4
24.6
20.2
10.9
23.9
18.7
22.2
20.4
38.0
31.5
11.4
23.0
23.4
10.9
25.3
19.7
29.5
30.9
38.6
38.3
9.3
19.2
18.5
20.8
18.0
17.2
18.2
17.7
18.0
20.0
18.8
18.7
16.9
20.9
15.3
15.8
14.8
14.4
15.7
16.1
21.4
18.9
7.1
8.4
8.1
8.7
6.5
6.9
2.4
4.0
8.7
4.3
8.3
10.0
9.6
11.6
6.2
7.6
1.9
3.8
9.9
5.3
23.7
26.7
23.7
22.3
21.0
25.2
22.8
22.7
25.3
19.5
24.3
27.3
22.8
23.4
22.2
24.2
24.5
23.3
25.4
23.2
7.0
6.5
8.8
10.2
7.3
7.1
6.7
11.1
9.1
7.7
16.3
16.0
17.6
15.1
18.5
19.0
18.7
18.2
15.3
22.8
13.6
12.5
1.8
18.4
17.6
15.8
15.2
3.8
21.0
16.7
29.2
30.1
24.9
27.2
26.2
28.8
29.5
31.3
27.3
26.2
i For definition see footnotes to table 2.
Source: U. S. Department of Commerce, Office of Business Economics.
1940
1.9
5.5
--
Southeast
Alabama
Arkansas
- - Florida
Georgia
Kentucky
Louisiana
Mississippi
North (Carolina
South Carolina
_Tennessee
Virginia
Far West
California
Nevada
Oregon
Washington
1950
2.0
2.0
6.0
1.1
2.7
.8
10.4
- -
Middle East
Delaware
District of Columbia
Maryland
New Jersey
- - -New York
Pennsylvania
West Virginia
-
Southwest
Arizona
New Mexico
Oklahoma
Texas
1940
Southeast
7.2
Continental United States
New England
C onnecticut
IVtaine
Massachusetts
New Hampshire
Rhode Island
Vermont
1950
Far West
MANUFACTURING PAY ROLLS
100
200
300
UNITED STATES
Southwest
Far West
Southeast
Northwest
Central
Middle East
New England
TRADE AND SERVICE INCOME
100
200
300
UNITED STATES
Southwest
Far West
Southeast
Northwest
Central
Middle East
New England
AGRICULTURAL INCOME
too
200
300
UNITED STATES
Southwest
Far West
Southeast
Northwest
Central
Middle East
New England
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
51-183
SUEVEY OF CUEKENT BUSINESS
August 1951
comparability, such as those of full employment. When
used for this purpose, the changes should be analyzed in
terms of the detailed, component income flows and checked
against the longer-run trends in total income, as summarized
in the September 1948 and August 1950 SURVEYS.
The data in table 4 on changes by regions in total income
and private nonfarm income in several recent periods may
serve to illustrate this general thesis and to throw additional
light on the regional postwar income flows.
It may be noted first that for the Southwest the private
nonagricultural income measure sets in perspective the unusual volatility of income changes in this area since 1948.
In 1949, the Southwest was the only region to register an
increase in aggregate income. And, in 1950, it showed the
smallest regional income rise. This irregularity in movement
of total income reflected chiefly wide swings in agricultural
income that ran counter to Nation-wide movements. In
1949, farm income dropped 22 percent nationally but rose
17 percent in the Southwest; and last year, when farm
income increased 6 percent in the country as a whole, it
declined 17 percent in the region.
Again, it is seen that in the Southeast total income
advanced from 1946 to 1950 at a rate only equalling that
17
for the Nation, whereas the region's expansion in private
nonfarm income substantially bettered the Nation-wide
record. Analysis of more detailed data shows that the
disparity in the two measures of income growth stemmed
largely from the further sharp curtailment of military payments in 1947, which materially dampened the region's rise
in total income. Since this was a factor of only temporary
significance, an aggregate which eliminates it, such as private
nonfarm income, provides a better measure of basic income
flows.
In the Northwest, agriculture is of prime importance to
the regional economy, and the movement of farm income has
been especially irregular in this region. Therefore, farm
income in the Northwest generally dominates short-run
changes in total income and tends to mask a significant
underlying development of the region's economic growth—
the striking expansion, relative to the Nation, of its nonfarm
economy. Especially noteworthy in this connection is that
the 5-percent rise in total income in the Northwest from 1948
to 1950 was the smallest of any region, whereas its 12-percent
increase in private nonagricultural income was the largest.
For recent periods, then, the estimates of private nonfarm
income furnish a better measure of basic income changes in
Table 7.—Total Income Payments to Individuals, by States and Regions, 1929-50
[Millions of dollars]
1929
State and region
27, 840
218
638
1,106
3, 268
14, 479
7,338
793
_____
C'entral
Illinois
Indiana
Iowa
Michigan _
Minnesota
Missouri _._
Ohio
W isconsin
Northwest __
Colorado
Idaho
Kansas__
Montana
Nebraska- _ _
North Dakota _ _ _
South Dakota
I ' tah
Wyoming
Far West
California
Nevada
Oregon
Washington
1
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
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
16,337
127
495
720
1,985
8,509
4,027
474
18, 299
147
556
815
2,197
9,369
4,627
588
8,965 10,248 10,707 10,828 11,831 12, 650 13,492 13, 211 14,511
2,334 2,639 2,697 2,604 2,808 3,129 3, 294 3,195 3,556
984 1,067 1,017 1,083
680
867
921
872
881
4,520 5,136 5,438 5,606 6,186 6,455 6,928 6,874 7,520
614
355
596
631
672
388
427
467
546
822
923
961
952
999 1,083 1,143 1,105 1, 230
254
450
332
403
406
290
303
371
429
19, 577 22, 448 23, 481 21, 503 22,783 24,319 28, 203 33, 449 39, 101 42, 431 43, 965 48, 401 51,712 55,771 54,770 60, 268
161
192
205
609
178
203
239
278
328
384
399
432
469
510
531
403
631
763
792
781
813
905 1,040 1,260 1,456 1,518 1,617 1,727 1,743 1,825 1,891 2,057
871 1,000 1,067 1,000 1,074 1,222 1,516 2,033 2,449 2,577 2,539 2,723 2,851 3,065 3,054 3,389
2,361 2,690 2,835 2,658 2,859 3,138 3,676 4,572 5,420 5,838 5,797 6,188 6, 545 7,039 6,993 7,744
9,941 11, 246 11, 635 10, 759 11, 301 11, 830 13, 384 15, 340 17, 762 19, 506 20, 647 23, 096 24, 513 26, 514 26, 068 28, 301
4,989 5,818 6,174 5,438 5,819 6,225 7,404 8,822 10, 377 11, 208 11,469 12, 593 13, 701 14, 724 14, 302 16, 058
623
739
773
714
689
760
905 1,094 1,253 1,381 1,497 1,642 1,890 2,094 1,931 2,110
8,681 7,127 6,064 4,979 5,136 6,354 6,976 8, 132 8,457 7,904 8,414 9,043 11,580 15,594 19,722 21, 907 22, 662 23,786 25, 494 27,802 27,022 30,304
512
419
802
617
419
699
537
585
711
652
681
763 1,037 1,437 1,812 1,980 2,056 2,093 2,300 2,479 2,305 2,561
562
332
287
393
288
342
389
470
479
456
478
493
658
908 1,005 1.161 1,248 1, 353 1,373 1.585 1,426 1,578
439
695
635
546
42.
516
584
711
773
751
819
900 1,062 1, 469 2,148 2,433 2,521 2,554 2, 649 2,818 2,932 3,376
667
560
956
798
596
735
907
800
920
863
901
986 1,241 1,648 2,176 2,426 2,484 2,597 2,817 2,991 2,931 3,351
964
794
679
530
534
63f
713
847
902
793
839
880 1,042 1,336 1,695 1,839 1,967 2,145 2,298 2,575 2,469 2, 694
862
640
499
641
725
487
595
748
792
789
828
847 1,066 1,419 1,898 2,045 2,018 2,033 2,230 2,525 2,645 2,809
292
544
385
256
339
256
373
463
442
399
444
436
630
886 1,105 1,221 1,224 1,201 1, 374 1,530 1,319 1, 523
812
690
576
966
677
845
915 1,006 1,077 1,011 1,090 1,131 1, 436 1,872 2,270 2, 536 2,651 3,012 3, 223 3,446 3,351 3,880
314
365
438
261
299
378
406
468
485
451
493
545
703
956 1,153 1,291 1,319 1,420 1,508 1,681 1, 583 1, 762
743
622
905
498
721
516
661
846
880
801
853
927 1,221 1,530 2,003 2,329 2,495 2, 544 2,742 2, 925 2,840 3,171
654
987
860
770
639
849
770
967
996
938
996 1,127 1,484 2,133 2,457 2,646 2,679 2,834 2,980 3,247 3,221 3, 599
Southeast
Alabama _
Arkansas
Flordia.
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia 1
.
1932
6,792 6,282 5,623 4,481 4,264 4,678 5,031 5,673 5,900 5,372 5,729 6,124 7,367
888 1,000 1,096 1,267 1,356 1,199 1,301 1,417 1,837
911
1,459 1,33" 1,178
298
297
449
432
381
323
353
398
408
377
400
505
431
3, 787 3,512 3,156 2, 555 2,386 2,593 2,757 3,093 3,193 2,928 3,106 3,309 3,846
241
262
302
25C
199
200
228
279
272
258
268
309
269
385
366
391
426
473
579
527
477
494
447
651
480
511
127
216
19.
172
133
143
158
180
177
174
163
187
219
._
Middle East
Delaware,
District of Columbia l
M aryland! l
New Jersey
. .
New York l
Pen nsyl vania
West Virginia^ - _
Southwest
ArizonaN e w Mexico.
Oklahoma
Texas
1931
82,617 73,325 61,971 47,432 46,273 53, 038 58,558 68, 000 72, 211 66, 045 70,601 75,852 92,269 117, 196 141,831 153,306 157, 190 170,962 185, 339 202,007 196, 128 217,245
Continental United States
New England
Connecticut
Maine 1
__
Massachusetts
New Hampshire l
Rhode Island.
Vermont
1930
4,153 3,428 2,788 2,199 2,299 2,623 2,924 3,402 3,804 3,583 3,756 3,908 4,734
122
245
208
202
227
170
149
167
232
213
237
287
120
161
137
116
86
113
131
162
222
90
177
165
179
190
844
1,079
659
507
583
753
841
537
666
767
796
829
956
2,668 2,239 1,843 1,484 1,552 1,778 1,960 2,285 2,554 2,438 2, 554 2, 652 3,269
24, 226
7, 036
1,877
1,348
3, 543
1,443
2,210
4,920
1,849
__
20,833
5,903
1,595
1,248
2,940
1,325
1,984
4,251
1,587
17, 185
4,813
1,325
965
2,413
1, 125
1, 688
3,564
1,292
12, 630
3,517
974
619
1, 816
839
1,284
2,610
971
12, 193
3,335
978
644
1,641
812
1,244
2,601
938
14, 139
3,787
1,167
606
2,131
921
1,380
3,066
1,081
16,220
4, 222
1, 312
896
2,469
1,083
1,533
3,447
1,258
18, 986
4,909
1,571
982
2,926
1,281
1, 763
4,072
1,482
20,620
5,395
1,713
1,092
3, 257
1,362
1,824
4,406
1,571
18,378
4,833
1,522
1,068
2,705
1,304
1,709
3,794
1,443
20, 090
5, 285
1,688
1,185
3,054
1,378
1,832
4,154
1,514
21,664
5,740
1,858
1,233
3,425
1,424
1,914
4,448
1,622
6,608
449
300
1, 335
4,524
8,741
601
380
1,639
6,121
9,514
591
425
1,853
6, 645
9, 575 10, 125 11, 526 12, 453 12,940 13,957
935
604
644
832
826
725
456
558
619
673
766
490
1,839 1,926 2,130 2,301 2,286 2,388
6,676 7,065 8,113 8,701 9,155 9,868
26. 800 33, 520 39, 704 42, 252 43, 455 48, 030 52, 529 59, 029 55,861
6,889 8,267 9.476 10, 297 10,849 12, 160 13, 305 14,973 14,034
2,437 3,112 3,766 3, 959 4,113 4,327 4,784 5,399 5,096
1, 527 2,015 2,389 2,318 2, 451 2,982 2,894 3,798 3,327
4,271 5,526 6, 924 7, 259 6,902 7,495 8,550 9, 145 8,937
1,626 2,060 2,316 2, 456 2,699 3, 153 3,421 3,876 3.634
2,363 2,942 3, 391 3,662 3,831 4, 371 4,587 5,203 5,027
5, 646 7,022 8,417 8,967 9,122 9,719 10, 753 12,016 11, 349
2,041 2,576 3,025 3,334 3,488 3,823 4,235 4,619 4,457
3,927 3,592 2,824 1, 931 1,953 2,250 2,627 3,029 3,238 2,974 3,099 3,363 4,109
633
362
478
404
580
358
446
538
584
563
526
695
589
204
153
112
230
115
146
165
223
213
201
207
232
278
997
928
622
474
730
487
549
724
692
781
974
690
757
325
264
213
212
158
158
283
271
321
372
250
299
288
764
749
344
578
374
378
476
534
509
549
523
655
569
264
224
122
126
136
178
160
197
217
196
209
331
237
264
199
288
184
117
118
157
202
196
208
242
227
301
272
239
195
192
143
143
165
224
243
329
247
235
265
154
140
118
114
86
87
103
132
132
136
174
141
151
6,087
990
423
1,500
472
1,047
435
480
524
216
7,135
1,144
487
1,824
531
1, 220
510
478
693
248
7,631
1,157
537
1,987
558
1,343
561
572
644
272
7,842
1,274
540
1,929
579
1,370
579
624
658
289
8,454
1,380
608
2,000
669
1,478
619
676
694
330
9,824 10,562
1,626 1,732
671
723
2,399 2,380
797
878
1,554 1, 846
851
875
769
937
759
806
374
409
62, 018
15, 329
5, 735
3, 737
10, 128
3. 998
5, 560
12, 590
4,941
9,771 11,111
1, 686 1,864
763
698
2,288 2,567
782
960
1,667 1,961
811
701
732
863
883
810
439
407
6,998 6,454 5,456 4,167 4,091 4,695 5,203 6,330 6,711 6,331 6, 730 7,431 9,476 12, 973 17, 180 18, 864 18,863 20,335 21, 604 22, 898 22,553 25, 076
5, 217 4,878 4, 151 3,182 3,113 3,530 3, 904 4, 730 5,047 4,772 5,047 5,606 7,044 9,348 12, 444 13, 739 13, 882 15, 180 16, 043 16, 937 16, 731 18, 542
74
62
70
62
46
43
53
72
84
77
69
92
107
206
215
213
215
239
255
268
265
300
603
524
443
404
338
459
337
824 1,201 1, 599 1,672 1,671 1,7771 1,999 2,150 2, 068 2, 322
540
587
560
580
633
982
1, 104
800
601
598
708
778
968 1,007
950 1,012 1,100 1, 501 2,218 2,922 3,240 3,095 3,139 3,307 3, 543 3,489 3,912
See footnote 2, table 9.
ource: U. S. Department of Commerce, Office of Business Economics.
SURVEY OF CUERENT BUSINESS
18
August 1951
Table 8.—Per Capita Income Payments, by States and Regions, 1929-50
[Dollars]
1929
__
_
Middle East
Delaware
District of Columbia
Maryland
._
New Jersey
New York
_
Pennsylvania
West Virginia
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
Southwest
Arizona
N e w Mexico
Oklahoma
Texas
Central
Illinois
Indiana
Iowa
Michigan
IVTinnesota
Missouri
Ohio
Wisconsin
Far West
California
Nevada
Oregon
Washington
1936
1937
1938
1939
1940
1941
680
596
500
380
368
420
460
531
561
509
539
575
693
768
830
540
825
599
767
542
684
725
473
738
551
695
476
542
558
367
594
422
562
369
514
540
364
553
420
533
351
561
605
394
597
478
573
397
602
659
428
634
502
626
439
678
758
480
713
544
691
501
704
808
490
737
562
714
493
640
710
450
677
531
639
454
680
764
474
719
548
678
483
724
864 1,047 1,225
827 1,055 1,293 1,481
499
569
769 1 021
764
879 1,038 1,210
948
561
665
796
909 1,131 1,239
716
521 622
890
736
1,343
1,482
1 069
1,380
1 144
1,328
1,088
1,403
1,610
1, 137
1,402
1 229
1,412
1,138
841
762
717
687
552
522
926
460
586
671
429
261
526
513
806
441
535
644
414
265
586
586
876
493
589
705
474
326
623 711 740
674
709
751 867 1,038 1,242 1,363 1,430 1,446
795
634
750
682
771
892 1,018 1,188 1,376 1,424 1,390 1,440
955 1,124 1,107 1,044 1,031 1,087 1,096 1,223 1,284 1,328 1,405 1,417
594
524
635
634
597
834 1,068 1,243 1,284 1,272 1,246
708
750
699
630
712
914 1, 116 1,328 1,444 1,474 1,477
746
803
791 825
984 1,155 1,384 1,535 1,641 1,662
743
837
861
863
629
594
553
589
510
748
907 1,104 1,213 1,264 1,286
626
417
369
378
895
342
402
875
398
477
587
807
712
1,515
1,513
1,473
1,314
1,557
1,713
1,368
1942
1943
1944
1945
1946
1947
1948
1949
876 1,059 1,160 1,191 1,211 1,293 1,383 1,320
1,316
1,483
1 049
1,339
1 117
1 317
959 1,031
1,294
1,513
1 040
1,296
1 055
1 320
1950
1,436
1,462
1,664
1,193
1,468
1,276
1,458
1,198
1,411
1,593
1, 105
1,440
1 208
1,397
1,106
1,554
1,766
1, 161
1,600
1,282
1,561
1,184
1,603
1,609
1,600
1,427
1,613
1,810
1,441
995 1,097
1,542
1,665
1,728
1,401
1,561
1,735
1,374
1,676
1,909
1,986
1,547
1,689
1,864
1,523
1,049
651
869
688
393
577
751
871
576
336
344
305
. __ _ 305
484
329
371
415
273
309
252
349
422
279
232
211
431
274
303
344
191
255
209
283
367
235
191
177
363
227
256
299
143
214
178
234
326
191
155
153
287
189
198
230
125
176
147
185
276
195
154
152
272
200
199
222
123
205
167
190
266
239
197
180
325
245
234
269
162
253
209
241
316
260
213
204
360
264
260
286
177
270
222
260
347
301
253
246
423
298
307
330
218
294
254
302
393
310
256
249
445
301
325
346
207
312
262
311
405
287
233
236
418
280
283
341
185
289
241
280
380
303
242
246
442
290
297
354
201
308
261
295
402
322
269
254
468
316
309
358
204
316
287
316
446
404
364
345
516
387
374
433
281
396
361
411
559
503
480
676
508
487
566
397
519
482
522
756
920
851
880
803 803
673 768
713
830
732
775
767
702
630
758
875
777
756
547
655
716
888 1,013 1,045 1,035 1,043 1,081 1,094
914
794
788
855
872
672
761
778
821
912
863
704
760
627
832
790
972 1,005
861
741
827
744
598
587
662
635
583
486
808
898
713
757
860
627
850
854
742
594
673
697
769
790
828
904
808
868
862
869
676
924
924
993 1,061 1,043
844
940
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
357
425
330
319
369
397
482
353
358
409
371
436
322
327
387
386
461
341
340
401
400
466
356
359
413
488
525
418
467
498
670
735
560
652
678
839
857
702
736
880
720
932
583
546
745
566
612
748
634
612
772
491
504
608
515
546
638
539
503
626
405
388
503
433
461
532
435
369
456
296
248
382
320
349
388
325
355
431
296
258
348
307
337
386
312
411
488
351
242
455
346
373
453
357
469
543
392
357
524
403
413
507
413
546
630
468
391
606
473
473
598
484
589
691
508
434
659
5CO
488
646
510
521
616
449
423
535
474
455
554
466
565
671
495
468
591
497
486
603
485
606
727
542
488
648
511
506
642
516
748
937 1,131 1,219 1,255 1,289 1,380
870 1,039 1,223 1,337 1,416 1,481 1,606
705
894 1,083 1,156 1,199 1,176 1,283
833 1,028 1 036 1,105 1,250 1,191
619
795 1,025 1,276 1,331 1,260 1,276 1,410
593
773
975 1 066 1,160 1 227
906
620
764
914 1,039 1,101 1,168 1,205
814 1,009 1,226 1,311 1,326 1,296 1,387
651 843 1,004 1,124 1,184 1,216 1,316
1,519
1,764
1,413
1,527
1,481
1 360
1,358
1,512
1,416
1,415
1,627
1,308
1 304
1 425
1 246
1 287
1,420
1 340
1,546
1,752
1,451
1 417
1 583
1 332
1 401
1 582
1 431
534
616
518
532
602
557
389
417
537
687
487
558
455
498
490
544
329
382
470
619
384
455
336
402
393
421
236
289
379
515
262
342
241
267
290
251
181
171
276
371
265
336
242
258
290
275
190
172
275
369
304
376
304
298
387
279
205
232
313
435
354
412
338
337
455
353
269
273
362
477
409
493
406
395
514
399
300
294
419
548
438
532
444
430
541
412
333
306
459
560
402
475
406
382
488
384
302
318
434
537
418
505
411
383
515
397
325
351
443
567
455
520
443
423
577
434
372
379
478
604
611
540
558
684
518
537
492
585
672
851
985 1,099 1,145 1,170
871
977 1,023 1,143 1,148
851
962 1 029 1 100 1 192
863 1,006 1 164 1 157 1,133
904 1 090 1 208 1 251 1 346
854
985 1 122 1 150 1 201
741 927 1 075 1,111 1,144
822
820 1 048 1 153 1 222
885 1,091 1 061 1 066 1,048
809
965 1 092 1 180 1 264
1,354
1,354
1 288
1,372
1 548
1 257
1,582
1 347
1 162
1 450
1,425
1,442
1 307
1,326
1 641
1,485
1,514
1 585
1,216
1 520
1 272
1,350
1 220
1 228
1 391
1 298
1,202
1 184
1 196
1 475
1 379
1 392
1 287
1 338
1 605
1 467
1,298
1 308
1 271
1 509
865
946
817
640
713
775
854
761
547
626
642
710
660
455
503
481
533
479
342
374
465
511
447
337
369
524
568
535
399
432
571
617
614
447
470
684
734
699
539
579
714
769
733
552
597
662
714
645
507
558
692
741
767
544
588
748
803
821
575
632
907
951
907
729
838
1 532
1 574
1 667
1 357
1 451
1 586
1 618
1 686
1*451
1 523
1 553
1 594
1 667
1 385
1 470
1 711
1 751
1 875
1 523
1 642
___
-
_ _ _ _
- -
Northwest
-- - Colorado
Idaho
Kansas
_
Montana
Nebraska
North Dakota
South Dakota
Utah
_
Wyoming
1935
767
464
_ _ _
1934
703
947
-
_
1933
_ 1,125 1,023
- -
--
1932
1,191 1,179 1,088
-_
--
1931
926
919
Continental United States __
New England
Connecticut
IVtaine
Massachusetts _ _ .
New Hampshire
Rhode Island
Vermont
1930
838
918
566
897
652
851
601
State and region
_ _
- _
539.
1 165
1,176
1 549
1 047
1 162
1 438
1 463
1 493
1 297
1 420
956
956
959 1,007
857
799
894
940
972
978
1 502
1 535
1 383
1 302
1 495
1 429
1 466
1 483
1 281
1 357
996
952 1,072 1,133 1,160
985 1,057 1,169 1,138
972 1,046 1,065
866
895
990 1,088 1,076
972 1,105 1,148 1,193
1 449
1,504
1 626
1 268
1 310
959
836
825
1,210
969
911
1,045
698
951
831
962
1,158
1,225
1,240
1,109
1,070
1,278
Source: U. S. Department of Commerce, Office of Business Economics.
the various regions than do the estimates of total income
payments. Of particular interest is the fact that the percentage increases in private nonfarm income for 1948-50 and
1946-50, as listed in table 4, reflect regional income changes
which conform generally with the pattern of long-run trends.
These trends signify declining percentage shares of the
Nation's total income accruing to New England and the
Middle East, rising shares to the Southeast, Southwest, Far
West, and Northwest, and an approximately constant share
to the large Central region.
The top-ranking income advance of the Southwest in the
post-war period—paced by a phenomenal growth in manufacturing—is clearly an acceleration of the region's long-run
uptrend. The somewhat below-average expansion of income in the Far West, on the other hand, is not in line with
the region's long-term relative growth. This region's postwar lag, however, may be traced in considerable part to a
"non-trend" factor—namely, the particular composition of
the Far West's economic structure, in which the types of
industrial activity which experienced the largest relative
expansion on a national basis in the earlier postwar boom
(1946-48) are of less-than-average relative importance.
This serves to remind that over a short period—even one
covering cyclically comparable years of full employment—
any income measure is apt to reflect special factors that disqualify it as a gauge of underlying trends.
Regional Income Shifts Over the Past Decade
The remainder of this article discusses geographic income
developments over the past decade—a period of tremendous
economic growth in which the Nation's physical volume of
output expanded by more than one-half, the population
increased by 20 million persons, and unemployment was reduced from 8 million in 1940 (one-seventh of the labor force)
to 2 million by the end of 1950, virtually a practical minimum in relation to the enlarged labor force.
Shifts in total income
The myriad of economic developments reflected in these
summary statistics resulted in pronounced changes in the
geographic distribution of income. Over this heterogeneous
10-year period, the dollar total of income payments in the
Nation expanded from $76 billion in 1940 to $217 billion in
1950. On a regional basis, the rates of expansion in aggregate
income differed significantly. By far the greatest relative
increases occurred in the Southwest (257 percent), Far West
(237 percent), Southeast (235 percent), and Northwest (230
SUKVEY OF CURRENT BUSINESS
August 1951
19
PER CAPITA INCOME PAYMENTS
TO INDIVIDUALS, I960
$1,600
D.C.
m $1,600 AND OVER
HH] 11,350 TO $1,599
^^ $1,100 TO $1,349
{#£&| UNDER $1,100
UNITED
STATES
$1,436
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
percent). The rate of income growth over this period was
the same in the large Central region (186 percent) as in the
country as a wiiole, but it was substantially less in the Middle
East (148 percent) and in New England (137 percent). The
share of the Nation's total income received by the four
regions of the South and West has increased 18 percent since
1940, whereas that of the Northeastern area (New England
and the Middle East) has declined 14 percent. However the
aggregate income in this last area, $75 billion in 1950, still
accounts for more than one-third of the national total.
The relative shifts in total income among individual States
in the past decade accorded closely with the regional pattern.
In the Southern and Western areas every State received a
larger share of the Nation's total income in 1950 than in 1940.
Conversely, each New England and Middle Eastern State
received a smaller share. In every State of the Central
region—in line with the over-all regional record—the percent
of the Nation's total income received last year was about the
same as at the start of the decade.
As revealed by the percentage distributions of total
income given in table 1, these pronounced State and regional
shifts in total income payments were largely accomplished
by the close of the war period. In broad outline, the regional
distribution of income in 1950 was similar to that in peak
war year 1944, which in turn differed significantly from the
prewar distribution.
The rapid changes in the regional income distribution
which occurred during the war years were, in general, an
acceleration of developments which had been emerging in
the prewar period. In the Southern and Western regions the
stimulus to income expansion during the war w^as unusually
great, but, despite the impact of reconversion, these regions
51-180
have largely retained, or actually increased, the relative
gains achieved in that period. On the other hand, the war
provided a lesser impetus to the expansion of individual
incomes in New England and the Middle East, and in the
postwar period these two areas have not recouped the relative
losses—that is, reductions in their shares of the Nation's
income—sustained during the war.
Sources of income change
Regional changes in major sources of income over the
decade of the forties exhibited a striking uniformity generally
paralleling the pattern of movements in total income. This
is brought out clearly in the chart on page 16.
In New England and the Middle East, below-average increases occurred in factory payrolls, agricultural income,
government income payments, and trade and service income.
Moreover, the total-income gains scored by the Southeast,
Southwest, Northwest, and the Far West were, with but few
exceptions, the product of relative gains in all of these major
component flows.
A further significant fact is that this uniform pattern of
regional change in income sources stemmed from generally
similar patterns obtaining in the individual States. As may
be ascertained from analysis of the detail given in table 3,
in nearly all States the above-average or below-average increases in total income payments reflected above-average or
below-average gains in income flowing from the manufacturing, agricultural, trade and service, and governmental sectors.
Despite the foregoing pattern, geographic differences in
both rates of change and economic structure (see tables 3
and 6) made for significant variations in the contributions
of the major component flows to the relative growth of total
SURVEY OF CURRENT BUSINESS
20
Table 9.—State Income Payments, by Type of Payment, 1948-50
August 1951
1
[Millions of dollars]
State
1948
202, 007
United States, total
Wages and salaries
131,087
Proprietors' income
38, 529
20, 902
Property income
_ _
Other income
11, 489
Alabama, total . _
_ __
2,479
Wages and salaries
1,464
652
Proprietors' income
Property income164
Other income _ 199
832
Arizona total
487
212
Proprietors' income
Property income
77
Other income
56
Arkansas, total
1,585
Wages and salaries
707
Proprietors' income
646
95
Property income
Other income
137
California total
16, 937
Wages and salaries
11,011
2, 975
P roperty income
1,970
Other income ___
.
981
1,732
Colorado total
Wages and salaries
985
Proprietors' income
418
199
Other income
130
3,294
Connecticut total
Wages and salaries
2,351
330
Proprietors' income
472
Property income
Other income
141
510
Delaware , total
- 345
Wages and salaries
64
Proprietors' income
83
Property income
Other income
18
2
District of Columbia, total __
1,825
1,406
120
Proprietors' income-195
104
Other income
2,818
Florida total
Wages and salaries
1,718
502
Proprietors' income
394
Property income
204
Other income 2,991
Georgia, total
Wages and salaries.. .
1,876
654
Proprietors' income
Property income
259
202
Other income
_
723
Idaho total
379
P n ' tors' in romp
251
55
Property income
Other income
38
Illinois total
14, 973
Wages and salaries
__
10, 003
Proprietors' income
2,570
1,625
Property income
775
Other income
5,399
Indiana, total
Wages and salaries
3,498
Proprietors' income
1,245
431
Property income
225
Other income
__
Iowa total
3,798
Wages and salaries
1,569
1,725
352
Property income
152
Other income
Kansas, total __ _ _
2,380
Wages and salaries
1,219
Proprietors' income
799
Property income
250
112
Other income Kentucky, total
2,575
Wages and salaries
1,477
702
Proprietors' income
220
Property income
Other Income
176
1949
196, 128
130, 169
31, 787
21, 603
12, 569
2,305
1,410
512
162
221
826
484
195
83
64
1,426
715
470
94
147
16, 731
10, 963
2,589
1,997
1,182
1,686
1,009
334
209
134
3,195
2,233
299
489
174
531
364
57
85
25
1,891
1,479
113
192
107
2,932
1,768
533
412
219
2,931
1,895
547
265
224
698
396
204
57
41
14,034
9,747
1,927
1,673
687
5,096
3,451
953
444
248
3,327
1,598
1,157
366
206
2,288
1,284
633
252
119
2,469
1,455
588
227
199
1950
217, 245
141, 632
36, 217
24, 119
15, 277
2,561
1,553
570
178
260
935
535
228
94
78
1,578
761
532
105
180
18, 542
11, 807
3,122
2,206
1,407
1,864
1,108
351
242
163
3,556
2,481
338
548
189
609
414
71
97
27
2,057
1,590
127
202
138
3,376
1,961
662
473
280
3,351
2,117
651
300
283
763
424
226
62
51
15, 329
10, 489
2,166
1,864
810
5,735
3,880
1,059
492
304
3,737
1,708
1,421
404
204
2,567
1,374
756
283
154
2,694
1,618
579
255
242
State
Louisiana, total
Wages and salaries
Proprietors' income
Property income
Other income
Maine, total 2
Wages and salariesProprietors' income
Property income
Other income
Maryland total 2
p
t ''
Property income
Massachusetts, total
Wages and salaries
Proprietors' income
Property income
Other income
Michigan total
Wages and salaries
Property income
Other income
IMinnesota total
Wages and salaries
Proprietors' income
Other income
Mississippi total
Wages and salaries
Proprietors' income
Property income
Other income
__ _
Missouri, total
Wages and salaries
Proprietors' income
Property income Other income
IVTontana total
Proprietors' income _ _.
Other income
Nebraska total
Wages and salaries
Proprietors' income __ _.
Property income
Other income
Nevada, total
__.
Wages and salaries
Proprietors' income
Property income
Other income _ . _
New Hampshire, total 2
\Vages and salaries
Property income
Other income
New Jersey, total 2
Wages and salaries
Proprietors' income
Property income
Other income _
New Mexico, total
Wages and salaries
Proprietors' income
Property income
Other income
New York total 2
Wages and salaries
Property income
Other income
North Carolina, total
Wages and salaries
Proprietors' income
Property income
Other income
North Dakota, total
Wages and salaries
Proprietors' income
Property income „
Other income
1
Comparable estimates for the years 1929,1933, and 1939-41 were published in the August
1945 issue of the SURVEY OF CURRENT BUSINESS and for the years 1942-47 in the August 1950
issue of the SURVEY.
2
The totals shown here and in table 7 for the States footnoted are not strictly measures of
the income received by residents. The totals for the District of Columbia, New York, and
Maine are too high—and those for Maryland, Virginia, New Jersey, and New Hampshire
too low—in terms of measures of total income received by residents. The estimates shown
here for the District of Columbia include income paid out to residents of Maryland and
Virginia employed in the District, but they exclude the income of District residents employed
in these two States. Estimates for New York include income paid to residents of New Jersey
employed in New York, but do not include the income of New York residents employed in
1948
2,525
1,586
509
231
199
1,067
684
193
126
64
3,065
2,098
474
355
138
6,928
4,944
655
880
449
9,145
6,696
1,235
791
423
3,876
2,084
1,233
351
208
1,530
624
676
100
130
5,203
3,116
1,270
503
314
878
422
347
70
39
1,846
810
786
176
74
268
163
60
34
11
631
432
87
74
38
7,039
5,146
835
721
337
619
361
159
57
42
26, 514
18, 329
3,227
3,394
1,564
3,446
2,072
858
305
211
851
321
442
55
33
1949
2,645
1,642
450
236
317
1,017
649
150
146
72
3,054
2,100
422
369
163
6,874
4,870
574
910
520
8,937
6,628
1,020
816
473
3,634
2,117
916
367
234
1,319
634
447
92
146
5,027
3,171
1,000
520
336
782
446
218
75
43
1,667
838
570
182
77
265
161
57
34
13
614
413
77
77
47
6,993
5,102
745
761
385
673
398
166
64
45
26, 068
18, 195
2,772
3,574
1,527
3,351
2,079
728
311
233
701
324
271
55
51
1950
State
2,809 Ohio total
1, 758
W^ages and salaries
468
Proprietors' income
263
Property income
320
Other income
1,083
676
157
164
86
3,389
__
2,292 Oregon, total
Wages and salaries
487
Proprietors' income
411
Property income
199
Other income
7,520
5,269 Pennsylvania total
664
Wages and salaries
Proprietors' income
1,004
Property income
583
Other income
10, 128
7,533 Rhode Island, total
_._
1,134
Wages and salaries
914
547
Other income
3,998
2,313
South Carolina, totaL
964
Wages and salaries- _._
413
Proprietors' income
308
Property income1,523
Other income
706
533 South Dakota, total
Wages and salaries
106 i
Proprietors' income
178
Property income.
5,560
3,419
1,154
ennessee, total _ _
586
401
Property income.
960
Other income
473
345
Texas, total86
Wages and salaries
56
Proprietors' income
Property income
1,961
896
Other income
760
207 Utah total
Wages and salaries
98
Proprietors' income
300
Property income
181
Other income
63
38
Vermont, total ---- r
18
Proprietors' income
672
Property income _
444
Other income
86
88
Virginia, total 2
54
Wages and salaries
7,744
Proprietors' income
5,549
Property income
872
Other income
861
462 Washington, total
Wages and salaries
766
460
173
75
58
Wages and salaries 28, 301
Proprietors' income
19, 294
Property income.
3,247
Other income
4,009
1,751
Wisconsin, total ..
..
Wages and salaries
3,880
Proprietors' income
2,378
856
Property income
Other income
357
289
Wyoming, total _ _
811
340
Proprietors' income
361
Property income
62
48
1950
1948
1949
12, 016
8,352
1, 749
1,200
715
11,349
8,048
1,415
1,230
656
12, 590
8,891
1,570
1,358
771
2,301
1,233
641
220
207
2,286
1,284
560
222
220
2,388
1,376
515
247
250
2,150
1,388
459
194
109
2,068
1,374
366
200
128
2,322
1,496
446
221
159
14, 724
10,510
1,967
1, 485
762
14, 302
10, 140
1,700
1,547
915
16, 058
10, 959
1,962
1,734
1,403
1,143
812
104
145
82
1,105
765
90
149
101
1,230
853
106
166
105
1,681
1,094
350
118
119
1,583
1,064
265
118
136
1,762
1,163
301
134
164
937
318
532
56
31
732
326
306
56
44
863
343
406
65
49
2,925
1,782
691
227
225
2,840
1,773
583
230
254
3,171
1,986
627
254
304
8,701
5,200
2,127
839
535
9,155
5,432
2,305
866
552
9,868
5,991
2,240
939
698
806
521
177
54
54
810
535
163
56
56
883
577
179
62
65
429
262
89
54
24
406
254
68
56
28
450
270
84
64
32
3,247
2,183
611
291
162
3,221
2,236
514
297
174
3,599
2,449
588
331
231
3,543
2,317
678
334
214
3,489
2,339
556
336
258
3,912
2,502
680
368
362
2,094
1,531
307
140
116
1,931
1,394
257
145
135
2,110
1,489
282
165
174
4,619
2,942
1,034
450
193
4,457
2,921
855
467
214
4,941
3,212
94£
526
25S
409
259
102
31
17
407
266
90
32
19
43£
274
103
3e
2e
New Jersey. Similarly, estimates for Maine include income paid to residents of New Hampshire employed in Maine. In the computation of per capita income for these 7 States, the
income totals shown here and in table 7 were first adjusted to a residence basis before division
by population. Following are the amounts (in millions) of the adjustments for 1950: District of Columbia, —488; Maryland, +249; Virginia, +239; New York, —480; New Jersey,
+480; Maine, —15; New Hampshire, +15. (The adjustments for Maine and New Hampshire were of more sizable magnitude in the war period.) Because of lack of data which
would permit a breakdown of the amounts of adjustment according to their type-of-payment
and industrial sources, it has not been feasible to publish on a residence-adjusted basis the
estimates of total income and its sources for these States.
Source: U. S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
August 1951
income in the various States and regions. The more important examples of such contributions are covered in the
following brief summary.
Manufacturing payrolls were a key factor in the relative
lag of total income over the decade in New England. Factory payrolls are a more important source of income in this
region than in any other. From 1940 to 1950, however,
payroll expansion in this basic industry was less in New
England than in any section of the country. According to
Census of Manufactures data, it may be noted, New England employed a smaller proportion of the Nation's total
workers in 1947 than in 1939 in 17 of the 20 principal types
of manufactures. These 17 included all five of the region's
most important industries, employing one-half of its total
number of factory workers.
By far the greatest regional increase in manufacturing
since 1940 has occurred in the Southwest. Factory payrolls
there in 1950 were 4% times as large as in 1940. Although
they were a prime factor in general income expansion in the
region, factory payrolls accounted directly for only 10 percent of total income payments in the Southwest in 1950—a
smaller share than in any region except the agricultural
Northwest.
Government income payments increased threefold or more
in the Southwest, Southeast, and Far West between 1940
and 1950 and provided an unusually important impetus to
total-income growth in these regions. The chief element
swelling total government disbursements to individuals in
these areas was the relatively large concentration of military
personnel in them.
Agricultural income played a larger role in the Northwest
than in any other region in contributing to the expansion of
individual incomes over the last decade. Farm income is
much more important as a direct source of income in the
Northwest than in any of the other regions. Moreover, the
near quadrupling of this area's farm income over the period
was the greatest regional increase. It is to be noted in this
connection that in several of the agriculturally important
Northwestern States farm income in 1940 had made only a
partial recovery from depression and drought.
Agriculture was the only major income source in the
Southeast and Southwest which did not advance at rates
above the national average from 1940 to 1950. Of particular
interest in this regard is the declining emphasis placed upon
agriculture as an industry in these two areas. In 1940 nearly
one-third of the employed labor force in the South was engaged in agriculture. By 1950 the proportion was down to
one-fifth—a significantly larger reduction than that occurring nationally.
The Business Situation
(Continued from page 1)
Steel for defense industries rising
Before the outbreak of war in Korea, in June of last year,
the direct military program required an annual rate of less
than 2 million tons of finished steel. Although, in the first
quarter of 1951, this rate doubled to 4 million tons, the
increase was less than the rise in the total shipments of
finished steel of 3.4 million tons (annual rate) from the first
quarter of 1950 to the first quarter of this year. In spite of
this larger expansion in steel deliveries, there has developed
aD increasingly tight situation in steel with the result that
governmental action has become necessary to direct the
available steel supply.
21
Population
Population change is always a factor—though immeasurable—influencing changes in total income.
From 1940 to 1950 the population of the continental United
States rose 15 percent. In the New England, Middle East,
Southeast, Central, and Northwest regions, the increase in
population varied between 9 and 12 percent, and in the Southwest it amounted to 17 percent. It would not appear that in
these six areas differences in population change had a major
influence on the relative movements in total income. This
generalization about the broad regions, it must be emphasized, does not apply uniformly on a State basis. In a number of individual States in the six regions, population
movements differed widely from the national average and
undoubtedly had considerable weight in total-income change.
In the Far West, population was a particularly important
factor in the advance of total income payments. Over the
1940-50 period the population of this region expanded by
almost one-half, and in each of the four States the increase
was quite large.
Per capita income
Changes in per capita incomes are one of the most fundamental regional economic developments which have occurred
in the past decade. These changes record a considerable
lessening of the relative differences in the average income
levels of the various States and regions.
In each of the three regions where per capita income was
highest hi 1940—the Middle East, the Far West, and New
England—the rate of increase in per capita income has been
substantially below average. On the other hand, per capita
incomes have moved up at considerably above-average rates
since 1940 in the Southeast, Southwest, and Northwest—
the three regions with the lowest income averages. In the
Central States, per capita income was 5 percent above the
national average in 1940 and 6 percent above it in 1950.
As shown by the percentage data in table 5, the partial
reduction in relative inequality in per capita income in the
past decade is evident in quite striking degree on a State
as well as regional basis, with only Maine, New Hampshire,
Vermont, and Washington registering movements counter
to this pattern. Further to be noted is that the relative
narrowing of per capita differentials was very largely accomplished, as was true of the shifts in total income, by the
end of the war. The Far West is the only regional exception
to this generalization. The margin of its per capita income
above the national average—though still large—was further
reduced after 1944.
Three major factors account for the tight steel situation.
First, production of military goods has been rising and will
continue upward as the large volume of defense orders placed
since the beginning of this year are translated into production. A rise in such output requires increasing consumption
of steel. On the basis of present defense programs, requirements of steel for military purposes in the final quarter of
this year will be at a rate more than twice that of the first
quarter.
Second, in order to expand basic productive capacity, industry as a whole has been engaged in a vast plant and equipment expenditure program. The steel industry itself, for
example, has a program of expansion which is expected to
increase ingot capacity to 109 million tons by the end of this
year and to 118 million tons by mid-19 53, an increase of 12
(Continued on page 22)
22
SURVEY OF CUEEENT BUSINESS
The Business Situation
August 1951
production potential. Currently, the iron and steel industry
consumes in open-hearth furnaces about 46 percent scrap by
volume in the scrap-pig-iron mix. Although this proportion
has tended to decline in the last 15 years—from a high of 57
percent in 1935 to a low of 46 percent in 1950—it has remained fairly constant in the past 4 years. Somewhat more
than half of the required scrap is available from the waste
of the various processes for producing iron and steel—the socalled home scrap. This portion is, therefore, directly dependent on the output of steel by the industry. With rising
output in the postwar years, the absolute amount of home
scrap available has also risen.
The remaining scrap needed by the industry is purchased,
about two-fifths consisting of prompt industrial scrap, originating as waste of metal manufacturers such as the automobile and equipment producers, and the remainder being
obsolete scrap. In recent years prompt industrial scrap has
averaged about 13 percent of the consumption of finished
products and this supply is dependent, therefore, on the output of the metal working industries. While the amount of
prompt industrial scrap is also proportionate to the shipments of steel products to these producers, significant variations in the ratio could result from changes in the amount of
finished steel held in inventories by the steel consumers. In
a period when inventories of steel products are being built
up, for example, the return of the scrap to the steel industry
would not be commensurate with the shipments of steel
products. Since June 1950, the output of metal fabricators
has increased steadily, thus resulting in an increasing supply
of prompt industrial scrap.
Thus, normally about two-thirds of the total scrap requirements of the steel industry is returned as a result of its own
activity and that of the metal fabricators. The question of
adequacy of new scrap supplies, aside from their proper distribution among the consumers, revolves about the amount
of obsolete scrap which can be gathered to meet the additional
one-third required.
In a period of rapid expansion in steel output, such as has
occurred in the past year and a half, a considerable lag occurs
before new sources of obsolete scrap can be uncovered. To
maintain the high steel production rates this year, the industry has had to draw down its inventories of purchased scrap.
In view of anticipated increases in steel demand in the coming
months, industry and other groups in cooperation with the
Government have embarked on an intensive drive to collect
available obsolete scrap so as to achieve a 1951 goal of 6.5
million tons of additional purchased scrap required by the
steel industry for capacity operations.
(Continued from page 21)
million tons from the 106 million tons of capacity as of July
1, 1951. It is estimated that this facilities expansion requires nearly 2 million tons of finished steel. Other industries
have also programmed large expansions which will require
considerable tonnages of steel.
The growing tightness in steel was apparent in the fall
of 1950, stemming principally from the high production rates
of consumers' and producers' goods which have continued
into this year. Thus, even though in recent months residential housing activity has been declining and the output
of many consumer durables has been curtailed, the reduced
demand for steel on these accounts has not been enough to
offset the rising steel requirements for defense production
and for the industrial facilities expansion program.
Third, with the increase in the output of steel-consuming
industries, steel inventories have risen in order to support
the higher production rate. In some cases additional
inventory accumulation has stemmed from fear of shortages
and price uncertainties.
The increasing steel requirements for the defense and industrial facilities programs necessitated the expanding use
of priority ratings for steel. In the first quarter of 1951
consumption of steel products for DO rated orders and for
directed programs was 2 million tons, almost evenly divided
between defense and transportation. In the second quarter
priority rated orders expanded to 5 million tons, with
electric power, petroleum, machinery and other programs
receiving priority ratings for the first time. As of June 1,
DO rated and program directed tonnages in the third
quarter of this year were expected to exceed 11 million
tons, or about 54 percent of the estimated 20.8 million tons
of steel shipments in that quarter. As the Controlled
Materials Plan develops, larger proportions of steel will
be put under control.
While the estimate of the rated steel demand for the third
quarter is not precise, in view of the rising defense and defense-supporting programs it is clear that the supply of
steel available for the "civilian free area77 will not be sufficient to maintain the demands originating from this area
at the high rates prevailing earlier this year.
Scrap situation
The programmed expansion of ingot capacity during the
next 2 years requires larger quantities of raw materials,
particularly scrap and iron ore, to support the higher steel
* * * STATISTICAL SERIES
or
New Construction: Revised Data for Page S—6 l
[Millions of dollars]
Private
Year and month
1915
1916
1917
.
_
1918
1919
1920.
footnotes see p. 24.
For
Total
new
construction
Residential (nonfarm)
Total »
Total
Public
Nonresidential building,
except farm and public
utility 3
New
Addidwell- tions and
ing
alteraTotal
units
tions
Indus- Comtrial mercial
Farm
construction
Public
utility
Total
Residential
Nonresidential
buildings
Military
and
naval
Highway
Conservation
and
development
719
708
1,279
2,238
1,976
1,352
0
0
0
28
14
0
217
207
192
199
246
283
17
21
608
1,555
1,089
161
302
314
320
296
429
656
36
28
27
29
39
55
Other
types
Annual totals
3,262
3.849
4,569
5,118
6,296
6,749
2,543
3,141
3,290
2,880
4,320
5,397
1,220
1,375
1,190
915
1,850
2,015
1,040
1,170
1,000
760
1,645
1,710
140
145
125
110
130
175
478
716
800
731
1,082
1,964
197
262
364
449
621
1,099
8)
(
4
4
()
(«)
625
229
324
449
478
653
566
549
658
788
697
673
771
147
138
132
131
159
197
SURVEY OF CURRENT BUSINESS
August 1951
23
New Construction: Revised Data for Page S—6 *—Continued
[Millions of dollars]
Private
Total
new
construction
Year and month
Eesidential (nonfarm)
Total 2
Total
Public
Nonresidential building,
except farm and public utility 3
New Additions
dwelland
ing
alteraTotal
units
tions
Indus- Comtrial
mercial
Farm
construction
Nonresidential
buildings
1,564
1,684
1,622
1,901
2,138
2,144
2,409
2,485
2,486
2,858
2,659
1,862
1,648
2,211
2,233
3,516
3,096
3,420
3,809
3,628
5,751
10, 660
6,322
3,073
2,398
2,362
3,496
4,907
6,403
7,113
0
0
0
0
0
0
0
0
0
0
0
0
0
1
9
61
93
35
65
200
430
545
739
211
80
374
200
156
359
345
387
481
481
494
573
603
596
638
659
660
612
415
230
363
328
701
550
672
970
615
1,646
3,685
2,010
1,361
937
354
599
1,301
2,068
2,402
49
25
16
9
8
11
12
15
19
29
40
34
36
47
37
29
37
62
125
385
1,620
5,016
2,550
837
690
188
204
158
137
177
853
876
805
987
1,082
1,067
1,222
1,289
1,266
1, 516
1,355
958
847
1,000
845
1,362
1,226
1,421
1,381
1,302
1,066
734
446
362
398
895
1,514
1,856
2,129
2.350
52
48
65
79
73
61
63
72
115
137
156
150
359
518
700
658
605
551
570
528
500
357
285
163
130
240
394
629
793
886
223
254
255
332
402
402
516
471
427
516
496
305
176
282
314
705
585
679
698
598
489
323
292
139
163
311
585
807
917
953
62
60
66
69
68
70
72
73
68
65
61
52
475
491
698
749
840
975
1,271
1,209
1,167
1,087
946
752
27
25
28
28
33
36
45
62
65
70
62
64
177
199
230
268
303
341
380
383
407
372
354
271
170
182
342
336
370
453
699
619
561
514
430
340
40
37
42
58
73
78
80
81
75
75
56
39
35
27
29
30
30
35
35
33
30
29
24
20
26
21
27
29
31
32
32
31
29
27
20
19
Total
Military
and
naval
Conservation
and
development
Residential
Public
utility
Highway
Other
types
Annual totals— Continued
1921
1922
1923
1924
1925
1926
1927
1928
1929 .
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
6,004
7,647
9,332
10, 407
11, 439
12, 082
12, 034
11, 641
10, 793
8,741
6,427
3,538
2,879
3,720
4,232
6,497
6,999
6,980
8,198
8,682
11, 957
14, 075
__ 8,301
5,259
5,633
12, 000
16, 627
21, 572
22, 584
27, 902
_
_ _
-
__
__
...
4,440
5,963
7,710
8,506
9,301
9,938
9,625
9,156
8,307
5,883
3,768
1,676
1,231
1,509
1,999
2,981
3,903
3,560
4,389
5,054
6,206
3,415
1,979
2,186
3,235
9,638
13, 131
16, 665
16, 181
20, 789
2,105
3,360
4,400
5,060
5,515
5,600
5,160
4,770
3,625
2,075
1,565
630
470
625
1,010
1,565
1,875
1,990
2,680
2,985
3,510
1,715
885
815
1,100
4,015
6,310
8,580
8,267
12, 600
1,795
2,955
3,960
4,575
4,910
4,920
4,540
4,195
3,040
1,570
1,320
485
290
380
710
1,210
1,475
1,620
2,270
2,560
3,040
1,440
710
570
720
3,300
5,450
7,500
7,257
11, 525
185
200
210
230
250
270
290
315
340
305
175
105
145
200
250
295
320
295
320
335
375
225
160
220
340
570
735
925
825
900
1,434
1,457
1,697
1,675
2,060
2,513
2,534
2,573
2,694
2,003
1,099
502
406
456
472
713
1,085
764
786
1,025
1,482
635
233
351
1,020
3,341
3,142
3,621
3,228
3,777
574
467
549
460
513
727
696
802
949
532
221
74
176
191
158
266
492
232
254
442
801
346
156
208
642
1,689
1,702
1,397
972
1,062
570
613
716
740
940
1,107
1,145
1,121
1,135
893
454
223
130
173
211
290
387
285
292
348
409
155
33
56
203
1,132
856
1,253
1,027
1,288
223
269
317
298
311
297
355
331
307
193
97
37
49
66
126
161
207
171
212
240
310
260
284
283
267
856
1,272
1,397
1,292
1,170
604
787
1,191
1,356
1,302
1,415
1,450
1,372
1,578
1,527
946
467
261
326
363
518
705
605
683
771
872
786
570
725
827
1,374
2,338
3,002
3,316
3,130
Monthly data
1942: January
February
March
April
May
June
July
August
_
September
October
November
December
861
828
1,035
1,103
1,181
,274
,533
,457
,408
,315
,151
929
386
337
337
354
341
299
262
248
241
228
205
177
202
170
177
202
198
157
122
107
106
104
92
78
175
146
150
171
165
132
100
86
85
84
78
68
21
18
21
26
28
20
17
17
18
17
13
9
Monthly average
1,173
285
143
120
1943- January
February
_
March
April _ May
June
_
July
August
September
October
_
November
December _
821
755
773
759
772
755
752
722
648
588
504
452
147
133
130
144
161
176
178
191
190
183
174
172
62
51
50
60
73
81
84
87
89
86
84
78
54
43
41
48
58
66
67
69
69
67
66
62
692
165
74
442
422
410
432
455
465
478
484
458
436
405
372
156
154
161
171
187
201
205
209
199
187
181
175
71
66
64
67
70
75
75
74
69
64
62
58
_
_
_ _ _
Monthly average
1944: January
February
March
.
April
May
June
July
August . _
September
October
November _
December
_ __
_ _ _ _ _
Monthly average
1945: January
February
March
April
May
June..
July
August
September
October
November _
December
102
86
72
60
50
45
40
40
41
37
33
29
57
49
38
28
21
20
20
22
24
24
23
20
26
21
20
18
17
13
11
9
8
5
4
3
19
19
20
21
23
26
26
26
24
21
18
17
19
53
29
13
22
66
888
45
307
418
61
30
27
7
7
8
11
14
14
15
16
18
18
17
15
25
21
15
15
14
17
15
21
21
24
22
23
17
14
11
10
10
10
11
13
14
16
15
15
2
2
2
2
2
3
3
4
3
3
4
3
16
18
20
23
26
29
30
31
29
24
20
18
43
42
44
45
47
48
48
52
51
49
48
53
674
622
643
615
611
579
574
531
458
405
330
280
52
50
70
72
88
78
79
63
57
48
44
38
238
230
218
193
174
169
171
150
134
118
109
106
321
287
285
271
254
224
211
206
160
147
105
79
22
22
24
33
39
46
51
52
54
44
33
26
21
18
24
24
27
29
30
30
26
22
19
15
20
15
22
22
29
33
32
30
27
26
20
16
59
13
19
13
3
24
48
527
62
168
213
37
24
24
57
52
50
51
51
52
51
49
45
41
37
34
13
13
13
15
17
21
22
22
21
20
22
21
22
22
23
23
27
32
32
33
32
32
35
38
15
14
14
15
17
18
18
18
18
18
20
23
2
3
3
3
4
5
6
6
5
6
7
6
18
19
20
23
26
29
30
30
28
23
20
17
45
47
53
57
63
64
66
70
69
67
63
61
286
268
249
261
268
264
273
275
259
249
224
197
33
27
23
22
21
19
17
14
11
9
8
7
122
120
121
122
118
112
109
113
110
113
103
98
81
71
60
67
74
70
79
81
72
65
64
53
23
23
21
26
30
37
40
40
39
36
27
20
16
16
13
13
13
14
15
14
14
13
12
10
11
11
11
11
12
12
13
13
13
13
10
9
438
__
_
Monthly average
For footnotes see p. 24.
182
68
48
18
29
17
5
24
60
256
18
113
70
30
14
12
359
353
389
416
464
488
511
526
510
533
541
543
158
155
171
188
221
249
281
301
327
357
394
433
51
44
45
54
69
80
98
105
115
129
147
163
28
24
24
29
40
50
61
68
77
89
106
124
20
17
17
21
25
26
34
34
35
37
38
36
42
46
53
57
65
74
80
87
98
114
139
165
28
31
35
39
44
50
53
58
63
70
80
91
6
6
8
8
10
12
14
15
18
24
35
47
17
17
17
18
21
24
28
30
28
25
22
20
48
48
55
58
65
70
73
76
83
86
83
82
201
198
218
228
243
239
230
225
183
176
147
110
8
8
8
9
10
10
8
8
3
4
2
2
97
94
103
109
108
97
87
78
55
45
36
28
60
62
67
66
72
71
67
65
50
50
38
22
18
16
21
25
32
38
42
45
46
45
40
30
9
8
9
9
10
10
11
12
12
13
14
13
9
10
10
10
11
13
15
17
17
19
17
15
469
270
92
60
28
85
54
17
22
69
200
7
78
58
33
11
14
SUEVEY OF CURRENT BUSINESS
24
August 1951
New Construction: Revised Data for Page S—6 l—Continued
[Millions of dollars]
Private
Total
new
construction
Year and month
Residential (nonfarm)
Total 2
Total
Public
Nonresidential building,
except farm and public utility 3
New Additions
dwelland
alteraing
Total
units
tions
Indus- Comtrial mercial
Farm
construction
Public
utility
Residential
Nonresidential
buildings
100
88
112
134
163
192
238
266
283
303
270
213
2
4
9
12
21
26
32
37
44
60
74
53
31
25
25
24
26
27
31
34
38
35
31
27
Total
Highway
Conservation
and
development
18
13
13
15
14
14
14
18
16
20
17
16
24
24
36
49
63
79
103
113
117
123
94
70
10
11
12
15
17
18
25
27
29
30
25
21
15
11
17
19
22
28
33
37
39
35
29
26
Military
and
naval
Other
types
Monthly data— Continued
_.
563
587
685
806
939
1,064
1,189
1,270
1,296
1,292
1,212
1,097
463
499
573
672
776
872
951
1,004
1,013
989
942
884
175
186
219
266
317
365
404
428
437
425
410
383
137
142
167
205
249
294
336
360
370
360
348
332
33
38
44
51
56
57
53
52
51
50
47
38
190
213
232
257
281
303
315
318
315
315
307
295
100
108
113
119
128
138
149
159
167
171
171
166
60
72
83
99
111
118
117
109
98
94
89
82
22
25
32
45
64
82
99
115
115
98
83
76
73
72
87
100
110
118
128
137
141
146
137
125
.
1,000
803
335
275
48
278
141
94
71
115
197
31
30
16
75
20
26
_
1,017
983
1,026
1,132
1,255
1,407
1,527
1, 626
1,691
1,745
1,685
1,533
838
804
827
887
977
1,088
1,180
1,252
1.301
1. 343
1, 352
1,282
358
338
347
384
441
497
554
604
646
701
737
703
310
290
295
322
370
421
472
518
559
611
651
631
35
36
41
52
60
66
72
76
77
80
77
63
275
259
241
239
241
250
256
261
268
278
290
284
159
152
145
142
141
140
139
139
138
137
136
134
71
63
54
55
59
67
69
71
76
84
94
93
76
80
88
100
116
127
135
139
129
108
92
82
125
123
146
159
174
207
227
241
250
250
227
209
179
179
199
245
278
319
347
374
390
402
333
251
40
40
26
17
9
9
9
11
8
11
10
10
27
29
37
46
51
51
55
57
61
62
59
64
13
12
12
15
15
15
19
22
22
23
19
17
49
48
64
96
124
157
170
183
194
200
151
78
19
20
21
25
29
34
38
42
44
45
41
36
31
30
39
46
50
53
56
59
61
61
53
46
Monthly average
1,386
1,094
526
454
61
262
142
71
106
195
291
17
50
17
126
33
49
1948' Januarv
February
March
April
._
May
June__
July
August
September.. _ ._
October
November
December
1.357
1.2°2
!,*07
],f85
1,818
2,011
2,126
2.206
2,174
2,078
1, 895
1,683
1,126
1,033
1, 153
1.267
1,415
1,536
1.599
1, 633
1,614
1,540
1,444
1,305
585
491
575
659
755
816
843
853
835
791
728
649
520
430
510
572
648
706
732
745
732
695
639
571
57
52
55
76
93
96
96
93
88
81
74
64
271
266
267
265
279
305
324
333
338
332
330
311
130
125
120
116
111
110
110
113
116
116
116
114
84
84
89
89
99
116
127
125
122
113
109
96
82
87
96
110
129
143
152
156
143
117
98
84
185
184
209
227
245
264
273
286
293
295
284
257
231
199
254
318
403
475
527
573
560
538
451
378
12
9
10
12
11
12
13
17
15
16
14
15
65
61
74
85
96
106
119
133
138
144
141
139
14
12
14
14
14
13
14
15
15
13
11
9
63
48
67
104
163
210
242
257
234
218
153
97
33
30
37
42
50
59
59
66
73
67
59
54
44
39
52
61
69
75
80
85
85
80
73
64
1946: January
February
March
April
May
June.. _ _
July
August
September
October
November
December
.
.
Monthly average.
1947: January -_.
February
March _ _
April
May
June
July
August _ _
September
October
November...
December
__
__
___ _.
1,798
1, 389
715
625
77
302
116
104
116
250
409
13
108
13
155
52
67
1,516
1,404
1.508
1,632
1,865
2,038
2,116
2,194
2,216
2,180
2,053
1,862
1,158
1,073
1,125
1,183
1,311
1,428
1,480
1,513
1,514
1,508
1,487
1,401
560
482
502
547
637
712
756
781
810
834
840
806
492
420
435
465
544
614
658
688
716
742
753
730
54
49
53
67
76
81
81
77
78
76
72
61
290
274
266
257
262
272
273
271
262
264
270
267
110
104
96
89
81
76
72
71
69
68
68
68
85
80
81
78
86
94
93
89
83
84
88
86
83
87
94
105
121
131
138
140
127
104
87
75
221
225
258
268
285
305
305
313
308
299
283
246
358
331
383
449
554
610
636
681
702
672
566
461
16
17
22
26
25
33
32
37
40
41
36
34
139
135
153
158
167
173
176
188
220
217
182
160
8
8
8
9
9
11
12
15
15
16
14
12
89
68
84
127
205
236
256
275
255
233
184
117
43
41
47
58
70
78
76
79
80
79
74
68
63
62
69
71
78
79
84
87
92
86
76
70
Monthly averpge _ . ___
1,882
1,348
689
605
69
269
81
86
108
276
534
30
172
11
177
66
76
1950: January
February. ...
March.
....
April
May
June
.
July _
August
September. ... .....
October
November
_ _
December
1,719
1,617
1,779
2,007
2,278
2,565
2,696
2,817
2,848
2,773
2,569
2,234
1,294
1,253
1,330
1,478
1,694
1,892
2,016
2,090
2,095
2,025
1,901
1,721
744
714
753
881
1,036
1,178
1,269
1,322
1,322
1,247
1,131
1,003
682
652
687
799
941
1,072
1,161
1,212
1,211
1,145
1,040
923
51
51
55
70
82
92
93
93
94
84
73
62
257
252
249
249
274
305
324
333
354
382
403
395
69
70
69
70
73
78
84
91
101
112
120
125
79
77
77
77
92
110
116
114
121
136
149
140
74
77
84
94
109
118
125
127
115
95
81
71
210
201
235
243
262
278
287
297
297
294
279
247
425
364
449
529
584
673
680
727
753
748
668
513
35
28
29
28
27
28
24
27
28
30
31
30
154
154
171
183
203
201
202
213
230
247
228
216
10
8
8
9
8
9
10
16
21
28
26
24
102
63
112
164
188
266
273
295
298
265
221
103
55
49
60
72
81
87
86
87
84
84
76
65
69
62
69
73
77
82
85
89
92
94
86
75
2,325
1.732
1, 050
960
75
315
89
107
98
261
593
29
200
15
196
74
79
Monthly average _
__ ... .
1949: January
February
March
April
May___
June
July
August
September
October
November..
December
Monthly average
1
_
Estimates of the value of the new construction put in place are prepared jointly by the
U. S. Department of Commerce and the U. S. Department of Labor.
The series has been revised to incorporate certain segments not formerly included. The
principal additions are as follows: (1) In private residential building—(a) architects' and
engineers' fees; (b) land development costs; (c) operative builders' margins on construction
operations, prior to 1945; (d) additions and alterations; (e) dormitories; (f) other shelter, principally motor courts, tourist cabins, and vacation cottages; (2) in other private construction—
(a) privately owned sewage disposal and water supply facilities; (b) privately owned toll
bridges and roads, parks, playgrounds, race tracks, stadia, swimming pools, and similar
recreational facilities; (3) in public construction—construction of atomic energy facilities.
In addition to inclusion of the new sub-series mentioned above, certain components have
been revised. The principal changes are as follows: (a) An adjustment has been made in the
previous level of allowances for engineering and architectural fees and for land development
costs and profits in some types of private nonresidential building in line with allowances just
introduced for other construction classifications, and similar adjustments have beenmade in
all categories of public construction expenditures; (b) the estimates of farm construction since
1940 have been revised upward on the basis of new information; (c) expenditures for the construction of hotels formerly listed in the nonresidential building category have been shifted
to the residential building series; (d) construction outlays for new construction under the
Federal work relief programs from 1933 to 1943 have been incorporated into the body of the
series on public construction (these expenditures were previously shown as a separate component of construction activity); (e) estimates of the value of construction done by the Civilian Conservation Corps also have been added to the series on "Conservation and development."
For more detailed information, see the "Statistical Supplement" to the May 1951 Construction and Building Materials Report.
2
Includes a small amount not shown separately.
3
Public industrial and commercial building not segregable from private construction,
1915-32; amounts believed negligible.
4
Not available separately; included in total.
BUSINESS STATISTICS
Wlontki
X HE DATA here are a continuation of the statistics published in the 1949 Statistical Supplement to the SURVEY OF CURRENT BUSINESS.
That volume (price $1.25) contains monthly data for the years 1945 to 1948, and monthly averages for earlier years back to 1935 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1945. Series added or revised since publication of the 1949 Supplement are indicated by an asterisk (*) and a dagger ( f ) , respectively, the accompanying footnote indicating where historical
data and a descriptive note may be found. The terms "unadjusted" and "adjusted" used to designate index numbers and dollar values refer to
adjustment of monthly figures for seasonal variation.
Data subsequent to June 1951 for selected series will be found in the Weekly Supplement to the SURVEY.
1951
1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June
July
August
September
October
November
December
January
February
March
April
May
June
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCTf
Seasonally adjusted quarterly totals at annual rates:
National income total
bil of dol
Compensation of employees total
do
Wages and salaries total
do
Private
do
Military
do
Government civilian
do
Supplement^ to wages and salaries
do
Proprietors' and rental income total c? do
Business and professional of
do
Farm
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment, total
bil. of dol
Corporate profits before tax total
do
Corporate profits tax liability
do
Corporate profits after tax
do
Inventory valuation adjustment
do
Net interest
do
230.6
148 6
141.3
120.1
'4.4
16 8
74
260.1
165 2
157.2
132.7
6.6
17 9
7.9
47 2
23 0
15.8
8.4
269.4
172.1
163.6
137.1
177 4
168 8
140 5
41 8
21.9
12.2
7.8
245.8
157 3
149.7
127.2
5.0
17 5
7.7
45 6
23.2
14.3
8.1
8.5
48 8
24.1
16.4
8.3
8 7
48 1
23 6
16 3
8*2
34.8
37.5
16.9
20.6
-2.7
5.3
37.4
45.7
20.5
25.2
-8.3
5.5
42.2
50.3
22.5
27.8
-8.2
5.6
42.9
51.8
28.5
23.3
-8.9
5.6
—2 3
5 7
Gross national product total
do
Personal consumption expenditures, total do
Durable goods
do
Nondurable goods
do
Services
do
Gross private domestic investment. _
do
New construction
do
Producers' durable equipment
do
Change in business inventories
do
Net foreign investment
do
Government purchases of goods and services,
total
bil of dol
Federal (less Government sales)
do
State and local
do
275. 0
188.7
26.6
100.4
61.6
47.9
21.4
21 4
5.2
— 1.6
287.4
202.5
34.3
105 5
62. 7
47.3
23. 5
24 5
—.7
-3.2
303.7
198.4
29.4
104 9
64.0
60.2
23.3
25 0
11.8
-2.7
318.5
208.2
31.5
111.5
65.2
59.6
23.9
26 5
9 3
—2.3
40 1
20.9
19.2
40 8
21.2
19.7
47 8
27.3
20.4
52 9
31.9
21.1
Personal income, total
Less* Personal tax and nontax payments
Equals* Disposable personal income
Personal saving§
217.1
19. 5
197. 5
89
227.3
20 2
207. 1
4 6
238.3
23 1
215.2
16 8
244.1
26 6
217.5
9 3
do
do
do
do
325
201
25
109
66
63
22
26
14
6
7
9
5
2
5
3
7
4
5
60 0
38 5
21 4
250
27
222
21
0
i
8
1
PERSONAL INCOME, BY SOURCEf
Seasonally adjusted, at annual rates:
Total personal income
bil. of dol
Wage and salary receipts, total
_ -do
Employer disbursements, total
do
Commodity-producing industries
do
Distributive industries _
do _ Service industries
do
Government
do
Less employee contributions for social insurance
bil. of dol
Other labor income
do
Proprietors' and rental income
do
Personal interest income and dividends. _ -do
Total transfer payments
do
Total nonagricultural income
do
219.0
141.1
144. 1
62.8
41.3
18.7
21 3
222. 7
143.2
146. 1
63.9
41.9
18 8
21 5
227.7
147.2
150.3
66.2
42.8
18 9
22 4
231. 5
149.7
152.6
67.1
42.8
19 1
23 6
234.1
152.4
155.6
69.3
43.1
19.3
23 9
236. 4
154.2
157.3
69.9
43.2
19.5
24 7
244.4
155. 9
158.9
70.8
43.6
19 6
24 9
243.6
158.0
161.6
71.7
44.3
19 9
25 7
243.3
160.0
163.4
72.4
44.5
19.8
26 7
245.5
162.2
165.9
73.7
44.9
20 0
27 3
3.0
35
42.5
18.4
13 5
2 9
3 6
45 3
18.4
12 2
3.1
36
46. 1
18.9
11 9
2.9
36
45.3
21.6
11 3
3.2
3 6
46.3
19.7
12 1
3.1
3 7
47. 2
19.5
11 8
30
3 7
48. 1
25.0
11 7
3 6
3 7
50 5
18.8
12 6
3.4
38
48.2
19.2
12 1
47.7
19.7
12 1
202.6
204.0
208.6
212.9
214.3
215.5
223.4
221 4
222.9
225.2
227 8
r
r
r
48 1
20.2
12 1
3 7
0
249.0
164.8
168. 2
75.0
45.3
20 1
27 8
249 8
165. 1
168 8
-74.6
r
45 6
20 2
r
28 4
251 1
166. 1
169 6
74.9
45 7
20 2
28 8
3.7
38
48 0
20.2
12 7
35
38
48 2
20.2
12 8
229 0
230 0
3 4
Q
r
r
NEW PLANT AND EQUIPMENT
EXPENDITURES
All industries, quarterly total
mil. of dol
Manufacturing _
_ _ _ _ _
do
Mining_
_ do
Railroad. _ _ _
_
do
Other transportation _ __
_ do
Electric and gas utilities
do.
Commercial and miscellaneous
do
' Revised.
4,330
1,860
160
300
90
760
1,160
4 700
2,050
180
290
120
820
1,240
i Estimates for April-June 1951, based on anticipated capital expenditures of business.
5 830
2,790
200
320
140
940
1,440
i g 420
!3 240
i 220
i 440
i 140
i 950
1
1, 420
5 160
2,460
180
300
120
750
1,340
tRevised series. Quarterly estimates of national income, gross national product, and personal income and monthly estimates of personal income have been revised beginning 1948; for
these revisions and for earlier revisions (covering data for 1946-47), see tables 41, 43, 45, and 48 in part V of the National Income Supplement to the SURVEY, July 1951.
^Includes inventory valuation adjustment.
§ Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.
958517°—51-
S-l
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
August 1051
1951
1950
June
July
August
September
October
November
Decem- January
ber
February
March
April
May
June
GENERAL BUSINESS INDICATORS—Continued
FARM INCOME AND MARKETINGS
Cash receipts from farming, including Government
payments, total t
mil. of dol_Farm marketings and CCC loans, total
do
Crops
do
Livestock and products, total
do
Dairy products
_ _ __ _ do
Meat animals
do
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjustedij
All commodities
1935-39—100
Crops
do
Livestock and products
-do
Indexes of volume of farm marketings, unadjusted:!
All commodities
1935-39=100
Crops
do
Livestock and products do
r
1, 882
' 1, 848
557
••361
•"689
'211
2,356
2,343
1,058
1,285
351
701
214
2,551
2,543
1,182
1,361
323
792
229
2,913
2,906
1,452
1,454
305
883
248
3,584
3,572
2,038
1,534
301
950
268
3, 277
3,261
1,781
1,480
276
870
319
2.692
2,672
1,216
1,456
282
827
329
2.539
2,510
965
1.545
324
995
215
1,899
1,873
557
1.316
317
769
220
2,071
2,019
523
1,496
366
834
275
2,137
2,088
465
1,623
368
930
288
2,153
2,120
436
1,684
438
871
309
P 2, 193
p 2, 167
P630
* 1,537
P437
P753
P296
275
195
335
353
371
339
383
414
359
437
509
384
538
715
405
484
608
391
402
426
384
378
338
408
281
195
346
303
183
393
313
163
427
319
153
444
P326
p 220
P406
120
77
153
143
144
142
154
170
142
167
194
147
201
259
158
172
192
157
149
146
151
139
126
149
104
79
123
111
71
141
113
61
152
' 117
'57
163
p 124
P87
» 152
200
198
212
216
220
215
216
216
217
219
221
223
P223
209
207
221
224
229
226
227
226
228
231
232
233
p 233
do
do__do
do
do. _.
do
_do
do
do
238
231
166
178
160
262
206
202
218
237
228
161
174
155
265
202
199
207
249
236
177
192
170
279
212
212
212
253
245
179
196
170
283
216
219
209
263
253
176
198
165
303
223
225
217
260
246
168
197
153
311
226
228
221
266
253
158
195
140
321
227
230
219
264
255
153
190
134
322
224
226
220
268
252
154
193
134
328
217
215
222
'275
'263
160
'195
141
'335
'209
'202
225
278
264
'169
'185
161
'336
'210
'204
225
'277
263
168
'173
165
'336
'206
'199
224
P277
261
P 165
p 168
P163
P 336
P206
P 200
P220
Stone, clay, and glass products. __ _ do. _.
Cement
do
Clay products
do
Glass containers
do
Transportation equipment
do
Automobiles (incl. parts)
do
212
229
160
232
277
268
214
229
162
234
272
262
221
242
172
223
287
273
223
239
175
229
284
265
240
249
177
269
291
271
233
231
182
250
278
249
227
211
178
246
292
260
223
193
178
251
285
246
221
186
176
253
304
262
232
207
180
269
314
'265
'243
231
183
292
'309
'254
'241
242
184
'275
'310
'249
P241
251
P 184
266
P316
P249
184
202
258
451
104
100
107
164
226
146
122
182
219
259
453
99
87
107
178
223
141
191
198
237
265
458
119
106
128
r
189
'195
134
254
201
217
272
465
123
109
133
' 190
••156
152
276
201
205
282
488
115
107
121
••173
'119
158
190
197
195
284
497
111
111
110
'163
'94
184
137
196
189
288
504
107
106
109
••161
••90
203
111
196
211
288
506
116
108
121
155
90
193
105
196
198
291
510
125
120
128
149
101
142
100
194
185
296
524
118
104
127
149
120
147
97
195
175
297
530
106
'97
112
'152
153
150
'103
'197
180
'298
'538
p97
88
* 103
' 158
196
149
' 108
p 197
191
P 301
P 550
do
do
do
do
do
do
do
do _
__ do
do
do
185
178
222
177
169
221
173
132
348
161
176
172
166
229
176
150
222
165
123
361
134
160
191
181
238
176
161
236
189
155
366
172
204
194
184
243
178
172
244
191
152
380
171
181
202
193
251
183
183
250
197
162
374
180
170
201
191
253
178
182
250
193
158
381
164
174
197
188
263
182
179
251
194
158
397
160
142
203
192
272
187
164
244
194
163
392
156
177
208
198
269
183
176
235
194
174
390
144
170
208
198
269
184
179
'239
188
175
374
133
161
'215
'205
'255
185
188
'238
185
153
380
'146
167
'212
201
265
186
' 179
' 247
p 190
164
'377
144
172
P 206
do
_do .
do
do
__ __do _
do
155
155
96
136
168
155
149
148
68
109
171
158
163
162
97
142
177
170
168
167
92
144
184
171
169
170
102
151
184
161
159
165
84
138
184
124
153
163
80
143
178
93
159
169
96
151
184
94
153
163
89
125
185
94
153
163
48
127
189
92
162
167
64
133
191
' 129
'168
' 168
'83
126
192
' 166
P170
2 170
86
133
P 193
P 172
' 1, 291
INDUSTRIAL PRODUCTION
Federal Reserve Index
Unadjusted, combined index
1935-39=100 .
Manufactures
do
Durable manufactures
Iron and steel
_
Lumber and products
Furniture
- Lumber _.
Machinery
Nonferrous metals and products
Fabricating
Smelting and refining
Nondurable manufactures
Alcoholic beverages
Chemical products
__ _ _
Industrial chemicals
Leather and products
Leather tanning
Shoes
Manufactured food products
Dairy products
Meatpacking
_ - ___
Processed fruics and vegetables
Paper and products
Paper and pulp
Petroleum and coal products. _
Coke
Printing and publishing
Rubber products
Textiles and products
Cotton consumption
Rayon deliveries.
Wool textiles
Tobacco products
Minerals
Fuels
_
Anthracite
Bituminous coal
Crude petroleum _
Metals
Adjusted, combined indexcf
Manufactures,
_
_ _
do. _ _
do
do _
do
do
do
do
do
do
do _
do
p 164
221
144
*113
P273
p 170
P250
p 188
157
373
178
do
199
196
209
211
216
215
218
221
221
'222
223
223
P222
do
208
206
218
220
225
224
229
231
232
234
234
233
v 232
237
155
144
207
219
210
214
161
234
235
151
140
202
208
212
208
161
244
247
165
151
212
212
212
214
167
215
251
166
150
216
209
215
206
169
225
261
166
150
223
217
229
214
168
262
260
169
155
226
221
227
214
175
247
268
173
162
227
218
235
232
173
265
268
171
162
224
219
236
238
191
257
271
169
156
217
222
237
245
186
261
277
169
156
'209
225
'243
252
189
269
'278
170
162
'210
225
247
243
189
292
276
' 163
158
206
224
235
231
184
257
P 27t:
P 154
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
p u:
P 2()f
p 22]
»23t
23,f
*>18,:
261
194
197
'199
*>19i
201
201
195
195
181
196
184
199
'198
Nondurable manufactures _
do
203
182
208
248
225
206
248
179
184
207
207
187
17*
Alcoholic beverages __ ___
do
284
271
287
292
295
»30::
263
269
277
280
288
261
'298
Chemical products
do
124
108
115
122
106
101
120
115
109
105
118
'97
Leather and products
do
111
106
106
112
91
108
'97
108
107
102
88
105
Leather tanning
do
165
162
168
167
161
168
168
166
p 16;
'167
164
166
167
Manufactured food products
do
148
141
152
142
142
148
150
145
143
147
146
151
153
Dairy products
_
_ _ _
do
162
151
155
168
171
119
14,
158
165
163
148
147
159
Meatpacking
do ...
r
142
149
142
P14
134
147
161
' 168
158
176
147
166
Processed fruits and vegetables
do
158
' Revised.
p Preliminary.
JData for 1947-49 were revised to incorporate changes in reports on production and sales of farm products. Revised figures for 1947 appear on p. 23 of the April 1950 SURVEY; those f<
948-49, on p. 24 of the January 1951 issue.
^Seasonal factors for a number of industries were fixed at 100 during 1939-42; data for these industries are shown only in the unadjusted series.
SURVEY OF CUEKENT BUSINESS
August 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S--3
1951
1950
June
July
August
Septem-
ber
October
Novem-
ber
Decem-
ber
January
Febru-
ary
March
May
April
June
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION—Continued
A d justed cf — Continued
Manufactures— C ontinued
Nondurable manufactures— Continued
Paper and products
1935-39=100
Paper and pulp
do
Printing and publishing
do
Tobacco products
__
__
do__ _
r
185
177
170
170
173
166
162
154
191
181
169
197
194
185
172
172
202
193
179
165
201
191
174
171
197
189
175
153
204
192
170
177
207
197
177
179
208
198
176
170
151
130
144
124
159
136
163
141
166
141
160
130
157
126
164
130
158
131
158
127
39.9
19.8
42.0
20.3
8.7
11.6
9.0
2.6
6.5
12.7
4.7
8.0
45.3
23.0
10.1
12.9
9.6
2.9
6.7
12.7
4.7
8.0
42.1
21.2
9.4
11.8
8.9
2.6
6.3
12.1
4.4
7.7
41.8
21.2
9.7
11.6
8.8
2.5
6.3
11.8
4.2
7.6
41.3
21.1
9.7
11.4
8.8
2.4
6.4
11.4
3.7
7.7
42.5
21.3
9.8
11.5
9.0
2.5
6.5
12.2
4.1
8.1
46.7
23.2
10.4
12.8
10.2
2.9
7.3
13.3
4.8
8.5
45.4
22.6
10.3
12.3
9.6
2.7
6.9
13.1
4.7
8.4
45.2
23.4
11.0
12.4
9.5
2.7
6.8
12.3
4.2
8.1
54.5
29.9
13.9
16.0
9.6
3.0
6.5
15.1
5.5
9.6
56.4
30.7
14.1
16.7
9.9
3.1
6.8
15.8
5.8
10.0
58.7
31.8
14.4
17.3
10.2
3.3
6.9
16.7
6.5
10.2
60.3
33.0
15.1
17.9
10.5
3.5
7.0
16.8
6.6
10.2
61.6
34.1
15.8
18.3
10.8
3.6
7.2
16.8
6.6
10.1
63.4
5.6
9.1
53.2
29.8
13.9
15.9
9.3
3.2
6.1
14.1
5.1
9.0
34.9
16.2
18.7
11.0
3.8
7.3
17.4
6.8
10.6
64.4
35.5
16.7
18.8
11.1
3.9
7.3
17.8
6.9
10.9
66.5
36.4
17 0
19.4
11.4
4.0
7.4
18.6
7.6
11.1
19, 426
9,007
10, 418
18, 682
7,951
10, 731
22, 802
9,929
12, 872
21, 514
9,536
11, 979
22, 832
10, 339
12, 493
21, 256
9,586
11, 671
21,763
10, 104
11, 659
22, 888
10, 174
12, 714
21, 808
9,891
11,917
24, 388
11, 597
12, 791
22, 423
10, 772
11, 651
r
T
r
Value (adjusted), total
do
D urable-goods industries, total
do _ _
Iron, steel, and products
do
Nonferrous metals and products
_ do__
Electrical machinery and equipment
do
Machinery, except electrical .
do
Motor vehicles and equipment.
do _ _
Transportation equipment, n. e. s
do
Lumber and timber basic products .. do _
Furniture and finished lumber products_do
Stone, clay, and glass products. .... do .
Other durable-goods industries
do
19, 838
9,030
2,191
20, 269
8,670
2,178
558
924
1,374
1,459
315
603
409
469
382
22, 956
10, 060
2,471
606
1,129
1,554
1,716
410
695
485
540
454
21, 154
9,392
2,345
591
1,116
1,458
1,449
379
656
433
513
451
21, 246
9,671
2,414
599
1,131
1,512
1,547
401
673
437
542
415
21, 112
9,730
2,448
610
1,108
1,544
1,501
402
683
449
566
419
21, 284
9,794
2,591
630
1,096
1,579
1,514
396
640
403
519
425
23, 166
10, 398
2,729
593
1,240
1,755
1,566
396
619
461
588
450
22, 646
10, 338
2,642
584
1,254
1,802
1,550
415
586
454
587
464
23,399
10, 993
2,790
607
1,249
1,946
1,696
421
659
537
603
486
22, 389
10, 532
2,703
594
1,158
1,925
1,508
475
674
480
538
477
' 23 838 22, 775
f r11 077
10 814
2 823
2 773
r
595
582
' 1 246 1 188
r
2 004
1 972
r
1,610
1,503
r
502
491
r
698
767
-•515
500
'626
580
T
471
446
Nondurable-goods industries, total
do..
Food and kindred products
_
do
Beverages
__ __
do
Tobacco manufactures
do
Textile-mill products
do..
Apparel and related products
do
Leather and products
..
do..
Paper and allied products
__ _ do _
Printing and publishing
do_.
Chemicals and allied products
_
do
Petroleum and coal products
do _ _
Rubber products
do
Other nondurable-goods industries
do..
10, 809
3,136
12,896
3,257
649
299
1,544
1,256
381
633
615
1,667
1,859
457
280
11, 762
3,038
448
261
1,354
955
335
620
633
1,583
1,853
404
280
11, 574
2,972
434
271
1,293
976
324
656
581
1, 550
1,834
405
278
11, 382
2,949
390
282
1,290
839
287
668
576
1,529
1,870
397
304
11, 490
3,147
468
270
1,264
778
270
667
585
1,512
1,827
424
278
12, 768
3,559
497
307
1,426
945
338
709
692
1,703
1,791
454
347
12, 309
3, 297
427
300
1,407
882
365
686
731
1,631
1,795
435
353
12, 406
3,331
426
280
1,371
796
337
707
763
1 732
1,838
462
363
11, 857
3, 326
414
280
1,270
670
284
673
716
1 631
1,842
441
311
r
350
231
11,599
3,245
573
287
1,206
962
349
528
596
1,442
1,738
454
221
29, 814
13, 974
15, 840
29, 796
13, 928
15,868
29,742
13, 847
15, 894
30, 418
14, 050
16, 368
31, 562
14, 386
17,176
32, 904
14, 997
17, 907
34, 207
15, 680
18, 528
35, 278
16, 218
19, 060
35, 794
16 682
19 112
36, 675
17 113
19 562
37 787
17 664
20 123
11, 201
6,828
11 785
11,510
6,998
11, 287
11, 883
7,163
10, 696
12,380
7,380
10, 658
13, 062
7,668
10, 833
13, 798
7,770
11 336
14, 627
8,011
11 570
15, 026
8 563
11 689
15 079
8 976
11 739
15 298
9 375
12 002
15 491
9 804
12 492
r 15 568
30, 028
13, 946
3 140
988
1,658
3,225
1, 793
653
588
678
538
685
29, 830
13,888
3,147
973
1,633
3,208
1,803
660
576
675
542
671
29, 858
13, 858
3,191
965
1,630
3,228
1,773
663
550
664
534
661
30, 732
14, 072
3 228
959
1,632
3,283
1,839
672
560
677
530
692
31, 770
14, 446
3,308
971
1,666
3,368
1, 935
687
572
685
541
713
33, 007
15 119
3 404
992
1 751
3 519
2,111
754
583
729
550
727
34, 061
15, 782
3 431
1,030
1 902
3 678
2,191
835
628
764
581
743
34 928
16 248
3 458
1 012
1 968
3 801
2,263
950
631
798
600
767
35 474
16 660
3 532
1 016
2 032
3 932
2^232
1 012
672
820
626
36 415
17 001
3 519
1 018
2 103
4 063
2,236
1 122
678
812
658
37 849
17 601
3 608
1 031
2 206
4 203
2,348
1 168
r 38 939
r 18 304
r 3 727
787
792
Minerals
Metals
__
do._
do
214
204
183
177
r
212
200
176
172
P206
165
151
pl67
v 146
r
164
140
r
Pl7l
171
BUSINESS SALES AND INVENTORIES!
Business sales (adjusted), totalf
bil. of dol
Manufacturing, total t
do
Durable-goods industries f
do..
Nondurable-goods industries t
do
Wholesale trade, total
do _
Durable-goods establishments
__do
Nondurable-goods establishments
do
Eetail trade, total.
do__
Durable-goods stores
do
Nondurable-goods stores
_ _ _ _ _ _do__
Business inventories, book value, end of month
(adjusted), totalt
bil. of dol
Manufacturing, total f
_
do__
Durable-goods industries!
do
Nondurable-goods industries t
_
do
Wholesale trade, total...
..do _
Durable-goods establishments
do
Nondurable-goods establishments
do _
Retail trade, total
do
Durable-goods stores.
_
do .
Nondurable-goods stores
do
9.0
10.8
8.4
2.3
6.1
11.7
4.2
7.5
54.2
30.0
13.9
16.1
9.5
3.3
6.2
14.7
r
45.
r
6
23. 8
11.1
r
12.8
r
9. 6
2.5
r
7. 1
12.1
4.0
8.1
44.3
22.8
10.8
12.0
9.6
2.4
7.2
11.9
3.9
8.0
69.9
38.9
18.3
20.6
12.0
4.5
7.5
r
19 0
7.9
T
11.0
70 4
39.8
18 9
20.9
11.9
4.6
7.3
18 7
7.9
10.8
23, 061
10, 853
12 208
22 421
10 829
11 592
43.5
22.4
10.5
11.9
9.1
2.5
6.6
12.0
4.0
8.0
r
68.6
37.8
17.6
20 2
r
11.8
4.3
r
7.5
19.0
7.8
11.2
r
MANUFACTURERS' SALES, INVENTORIES,
AND ORDER Sf
Sales:
Value (unadjusted), total
Durable-goods industries ..
Nondurable-goods industries
__
mil. of dol
do._
do
Inventories, end of month:
Book value (unadjusted), total.. . . .. do .
Durable-goods industries.
_
do
Nondurable-goods industries do
By stages of fabrication:
Purchased materials.Goods in process
Finished goods
do
do
do
Book value (adjusted), total
.. . . do_.
Durable-goods industries, total
do
Iron, steel, and products
do
Nonferrous metals and products. . _ do._
Electrical machinery and equipment do
Machinery, except electrical
_
do
Motor vehicles and equipment
do
Transportation equipment, n. e. s
do
Lumber and timber basic products
do _
Furniture and finished lumber products, .do
Stone, clay, and glass products. _.. do_.
Other durable-goods industries
do
566
955
1,385
1,710
310
652
404
481
374
582
277
1,062
663
317
538
602
1,383
1,668
r
r 717
'837
r 686
r 7Q7
12, 762
3 825
r
488
296
r
I, 386
r
r 670
r
280
r 700
r
728
r i 736
1, 867
436
350
r
T
r
38, 861
18 451
r 20 410
r JO 045
r 13 248
r 1 061
2 331
r 4 350
2,397
r
r 1 261
r 745
'888
r 706
r 82Q
11 961
3 384
500
287
1 218
640
284
676
745
1 692
1 810
290
39 642
18 960
20 682
15 638
10 220
13 785
39 847
18 914
3 845
1 060
2 462
4 482
2,428
1 352
786
889
736
877
•"Revised.
P Preliminary.
d*See note marked "&" on p. S-2.
§Tho term "business" here includes only manufacturing and trade. Business inventories as shown on p. S-l co ver data for all types of producers, both farm and nonfarm.
t Revised series. Data on manufacturers' sales, inventories, and new orders have been revised beginning 1946. Revisions for 1946-49 and appropriate explanations appear on pp. 16-23 of
the October 1950 SURVEY.
SUKVEY OF CUREENT BUSINESS
S-4
August 1951
1951
1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June
July
August
Se
j*fm-
October
Novem-
December
January
February
March
April
May
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERSf—Continued
Inventories, end of month—Continued
Book value (adjusted)—Continued
Nondurable-goods industries, total.mil. of doL.
Food and kindred products
do
Beverages
do
Tobacco manufactures
do
Textile-mill products
do
Apparel and related products
do
Leather and products
do
Paper and allied products
do
Printing and publishing
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber products
do
Other nondurable-goods industries
do
16,082
3,042
993
1,482
2,244
1,407
557
704
611
2,034
2,018
544
448
New orders, net (unadjusted), total
Durable-goods industries, total
Iron, steel, and products
Nonferrous metals and products
Electrical machinery and equipment
Machinery, except electrical
Transportation
equipment, except
vehicles
mil.
Other durable-goods industries
Nondurable-goods industries
do
do
do
do
do
-do
motor
of dol_.
do
do
20, 666
9,814
Unfilled orders (unadjusted), total*
Durable-goods industries
Iron, steel, and products
Nonferrous metals and products
Electrical machinery and equipment
Machinery, except electrical.Transportation equipment, except
vehicles
mil.
Other durable-goods industries
Nondurable-goods ind ustries
do
do
do
do
do
do—
motor
of doL.
do
do
23, 458
19, 569
2,493
557
1,035
1,527
543
3,660
10,852
5,866
506
3,277
3,215
V"
18, 681
3, 374
1,162
1,679
3,005
1,786
652
778
689
2,370
2,134
564
18, 814
3, 435
1,202
1,642
3,046
1,768
598
791
710
2,424
2.133
557
507
19, 414
3,618
1,262
1,658
3,110
1,854
616
833
723
2,505
2,164
556
514
20, 248
651
2,267
2,180
564
452
18,279
3,285
1,130
1,718
2,838
1,808
601
734
659
2,327
2,169
549
461
c%6
538
' 20,635
' 3,966
' 1, 283
' 1, 705
' 3, 351
' 1, 898
'666
"•891
r
755
' 2, 687
' 2, 295
585
"554
24, 704
12,171
2,950
666
1,439
2,016
22,371
10,621
2.638
661
1,257
1,935
23,160
11,379
3,047
554
1,480
2,260
28, 860
15,123
3, 517
658
1,527
2,641
25, 403
13,153
3,014
602
1,601
2,819
28, 574
15, 478
3,632
696
1,780
2,982
23, 927
12, 614
3,156
699
1,413
2,481
' 23, 318
r
11, 773
' 2, 916
'523
" 1, 560
* 2, 434
692
3,765
12, 259
800
4,300
12, 533
3,646
11, 750
504
3,534
11,781
2,395
4,384
13, 738
1,076
4,040
12, 250
1,970
4,418
13,097
836
4,028
11, 313
31, 519
26,105
7,348
914
2,940
4,433
33,764
28,070
7,923
1,006
3.250
4,909
35,636
29,902
8,286
1,029
3,477
5,363
36, 728
30.914
8.540
1. 031
3.594
5,818
38,125
32,190
8,990
915
3,850
44.097
37,138
9,800
990
4,187
7,372
47, 691
40,400
10,322
1,030
4,564
8,464
51, 878
44, 281
11, 022
1.082
5,006
9,412
53, 383
46,124
11,451
1,171
5,235
' 53, 640
'47,043
r
11, 577
' 1,123
r
5, 611
' 10,348
5,255
5,566
5,414
5,694
5,971
5,776
5, 734
6,068
5,864
6,143
8,157
6,633
6, 959
8,847
7,172
7,292
10,354
7,404
7,597
10, 696
7,637
7,259
' 10, 980
' 7, 406
r
6, 596
16,660
2,928
1,118
1.680
2,372
1,520
589
678
625
2,108
2,108
502
432
17,324
3,113
1,095
1,706
2,616
1,575
596
690
628
2,187
2,162
524
432
17,887
3,190
1,145
1,717
2, 768
1,647
601
2,041
2,046
501
433
16,000
2,820
1,048
1,562
2,285
1,455
573
671
593
2,043
2,050
483
416
22, 223
10, 553
2,724
637
934
1,764
27, 323
13, 863
3,277
814
1,572
2,197
23,760
11,500
2,989
683
1,423
1,948
1,102
3,392
11, 670
1,600
4,404
13, 460
26,998
22,171
6,593
679
2,434
3,758
4,030
4,678
4,827
5,214
5,414
15,942
2,831
1,037
1,467
2,274
1,448
5,904
5,935
5.814
3,928
1,283
1,682
3,262
1,893
644
873
732
2,617
2,230
r
'788
3, 552
11, 545
r
r
BUSINESS POPULATION
OPERATING BUSINESSES AND BUSINESS
TURN-OVER*
Operating businesses total end of quarter thous
Contract construction
do
Manufacturing
do
Service industries
do
Ketail trade
do
Wholesale trade
do
All other
do
New businesses, quarterly total
Contract construction
Manufacturing
Service industries
Retail trade
Wholesale trade. _ _ _ _
All other
do
do
do
do
do
do
do
Discontinued businesses, quarterly total
Contract construction _
_.
Manufacturin g
Service industries
Retail trade.Wholesale trade
_
All other
3, 986. 1
362.4
303.5
854.4
1, 686. 2
203.9
575.8
r
3, 997. 7
366.9
303.3
856.2
r
1, 686. 4
204.8
579.9
114.0
22.3
12.2
20.1
40.3
' 365. 5
' 303. 1
r
853. 6
1, 676. 9
r
205 0
' 581. 6
80.7
12 2
95.2
14.8
10.4
17.8
35.3
14.5
3 985.6
12.5
4.6
9.6
15 4
27.7
4.3
3.7
12.2
r
do
_ do
do
do
..do
do
do
96.4
10.4
11.2
20.1
40.0
10.7
3.3
8.4
92.8
'13.6
' 9.8
' 18.0
'37.3
'3.6
' 10.5
do
86.7
88 2
67 0
Business transfers, quarterly total
83.6
10.3
10.5
16.0
35.1
3.9
BUSINESS INCORPORATIONS
New incorporations (48 States) *
number. .
8,861
7,191
7,201
6,277
6,782
6,256
6,780
8,515
6,590
7,649
7,653
7,544
6, 869
725
694
787
648
707
683
679
775
599
732
693
755
699
INDUSTRIAL AND COMMERCIAL
FAILURES
Failures, total d"
Commercial serviced1- Construction
Manufacturing and mining
Retail trade
Wholesale trade
number
do
do__
do
do
do
Liabilities, totaled
Commercial serviced1
Construction _.
Manufacturing and mining
Retail trade
Wholesale trade.. _ _ _
thous of dol
do
_ do
do
do
do
r
67
61
167
363
67
62
65
151
343
73
51
91
173
402
70
43
75
147
314
69
64
91
150
339
63
67
87
150
310
69
67
62
143
330
77
63
97
132
410
73
59
60
107
304
69
69
83
115
377
88
52
81
119
365
76
64
94
128
385
84
43
71
129
390
66
18, 072
1,572
1,533
19, 538
1,495
1,619
18 448
15 254
1,450
1,303
16, 649
18 864
1,742
21 044
3 205
21 685
1 482
16 009
1 399
17 ? 652
1,598
6,134
4 357
1,891
17 064
1 055
2 268
1,871
3 292
5,169
5 605
2 211
23 504
1 871
4 655
5 497
7 487
3 994
22 773
1 006
3 085
5 014
7 434
6 234
7,244
5,154
2,569
8,533
5,251
2,640
2,077
1,233
7,225
5,685
2,228
5,855
4,775
2,009
2,410
5,949
4,683
8,412
4,748
5,352
1,749
2,260
2,726
4,235
5 479
2,393
5,175
10 376
2,259
2,228
1 375
5,894
5 647
2 200
Revised.
» Preliminary.
fRevised series. See corresponding note on p. S-3.
*New series. For data on unfilled orders beginning 1946, see p. 22 of the October 1950 SURVEY. Data on new incorporations are compiled by Dun & Bradstreet, Inc.; they are available for
the 48 States beginning 1946, and for 47 States (excluding Louisiana) beginning July 1945; figures through 1948 are shown on p. 21 of the May 1950 SURVEY.
JThe number of operating businesses has been revised to reflect revisions in the number of new businesses beginning with the fourth quarter of 1947 and in the number of discontinued
businesses beginning with the fourth quarter of 1948. Revisions prior to the third quarter of 1949 will be shown later.
tfData are from Dun & Bradstreet, Inc. Scattered monthly revisions for the indicated series are shown on p. S-4 of the February 1950 SURVEY.
SURVEY OF CURRENT BUSINESS
August 1051
S-5
1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June
July
August
September
1951
October
November
December
January
February
March
June
May
April
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
247
225
218
190
388
251
207
182
254
268
342
227
156
263
236
226
195
387
278
211
200
267
287
371
232
173
267
239
224
193
399
311
200
164
293
292
369
240
191
272
243
221
194
428
336
217
126
303
298
372
248
196
268
238
219
188
426
327
207
138
300
296
358
261
201
276
250
224
192
428
346
194
188
351
299
357
267
209
286
258
233
202
436
339
202
211
366
311
360
272
249
300
275
240
214
442
347
192
324
374
323
391
286
203
313
283
254
222
440
351
204
333
379
340
425
285
205
311
276
245
221
437
359
202
265
386
343
428
280
217
309
275
247
222
438
363
209
225
385
340
428
273
215
305
271
244
223
438
357
194
239
380
335
418
270
221
301
263
240
217
438
353
200
189
3^8
335
492
269
917
245
243
247
247
245
249
248
248
249
252
252
251
253
254
251
255
256
254
257
257
257
262
260
264
267
265
270
27°
269
274
273
269
276
272
270
274
272
270
273
254
256
258
260
261
263
265
272
276
280
283
283
282
97
103
103
105
103
105
108
110
113
111
109
108
107
All commodities (U. S. Department of Commerce
index)
1935-39=100..
187.3
190.0
190.8
192.6
193.9
194.9
198.4
202.4
204.9
205. 8
206. 5
206. 5
Coal (U. S. Department of Labor indexes):
Anthracite
Oct. 1922-Sept. 1925=100..
Bituminous
do
147.4
160.2
150. 3
160.5
153.9
162 4
155.8
164. 0
157.4
166 6
158.6
167 0
159.7
167 3
160.3
167 9
168.3
168 7
170.0
168 9
169.1
168 6
162.9
165. 2
ifi^ifi
Consumers' price index (U. S. Dept. of Labor) :Q
All items©--- 1935-39 = 100
Apparel
do
Food.
.
do
Cereals and bakery products
do _
Dairy oroducts do
Fruits and vegetables
do
Meats, poultry, and
fish
do
Fuel, electricitv, and refrigeration _ _. _ do
Gas and electricity
do
Other fuels _ _ _
. __
do
House furnishings
do
RentO
do
Miscellaneous
. do
170.2
184.6
203.1
169.8
177.8
209.3
246.5
139. 1
96.8
189.0
184.8
130. 9
154.6
172.0
184.5
208.2
171. 5
180.7
211.5
255.7
139.4
96.9
189.9
186.1
131.3
155.2
173.4
185. 7
209.9
175.5
184.3
193.4
260. 7
140.2
96.8
192.9
189.1
131.6
156. 8
174.6
189.8
210.0
176.9
186.9
186.0
261.0
141.2
96.9
196.1
194.2
131.8
157. 8
175. 6
193.0
210.6
177.2
191.9
189.8
253.3
142.0
96.8
199.2
198.7
132.0
158.3
176.4
194.3
210.8
177.6
192.8
195.7
250. 3
142.5
96 8
200.8
201 1
132.5
159.2
178.8
195 5
216. 3
177.7
194 0
203.9
253 4
142 8
96 8
201 7
203 2
132 9
160 6
181.5
198.5
221.9
185.4
202.6
214.1
263.6
143.3
97 2
202.3
207 4
133. 2
162. 1
183 8
202 0
226 0
187 1
204 4
224 3
270 1
143 9
Q7 2
204 5
209 7
134 0
163 2
184
203
226
187
204
217
272
144
97
205
210
134
164
184 6
203 6
225 7
188 3
204 1
214 8
272 6
144 0
96 9
205 0
211 8
135 1
164 6
157.3
162.9
166. 4
169.5
169.1
171.7
175 3
180.1
183 6
184 0
r
153.5
167.7
148.4
165.9
169.3
197.5
155.2
158.0
175.8
152.9
176.0
173.5
215.8
159.8
161.2
179.1
159.3
177.6
167 7
217.3
163.7
164.0
181.8
165.7
180.4
166.5
211.3
166.9
163 5
180.2
169 3
177.8
165 3
198.7
166.9
165.1
184.5
173 0
183.7
172 1
197 3
168.8
169 0
187 1
178 1
187 4
180 9
204 9
172.4
173. 1
192.6
185 0
194.2
186 6
222.2
176.7
175 5
199 1
187 1
202 6
192 0
238 2
179.2
175 8
199 4
187 5
203 8
188 0
241 2
179.3
r I7g i
197 7
187 1
202 5
189 1
240 9
T
179. 2
162.1
145.6
135.9
140.5
223.7
171.4
151.2
141.8
137.0
240.7
174 6
154 9
148 0
132.0
240 2
177.2
155 5
154.7
131.0
241.0
172 5
153 8
160*8
129 5
223 7
175
154
164
140
223
179
157
164
138
233
182
163
171
136
242
187 6
173 0
142 4
255 2
186 6
164 5
170 3
139 9
254 5
r Ig5
1fi4
16fi
r 14Q
Commodities other than farm products and
foods
. _
1926-100
Building materials
do
Brick and tile..
do
Cement
do
Lumber
do
Paint and paint materials
do
148.7
202.1
164 3
134 9
322.6
137.7
151.6
207.2
165.4
135.3
338.0
138.6
155 5
213.9
167 9
135 5
357.6
142.4
159 2
219.7
170 2
136 3
371.5
145.9
161 5
218 9
177 2
140 2
358 4
145.7
163 7
217.8
177 6
140 8
347 6
148.2
166 7
221 4
170 1
141 2
348 4
154.9
170 3
226 1
180 7
147 2
356 8
162. 1
171 8
228 1
180 ^
172 4
228 5
ISO 8
f 179 ^
359 8
164.0
361 2
164.4
Chemicals and allied products
do__
Chemicals
do
Drugs and pharmaceutical materials. do
Fertilizer materials
do.
Oils and fats
do
114.5
117. 1
122.7
108.6
111.9
118.1
119.1
129.1
110.1
126.0
122.5
121 9
135.0
112.1
142 7
128.7
125 4
153.4
111.4
163 9
132.2
131 6
161.1
111.2
160 3
135.7
134 3
163.8
112.0
171 5
139. 6
136 1
175. 1
115.6
180 9
144.5
138 1
1814
118. 1
200 4
147.3
139 0
185.2
118.1
217 3
146.4
138 2
185. 1
118.1
211 6
Fuel and lighting materials
Electricity
Gas
Petroleum and products
132.6
67.0
87 3
113.9
133.5
67.0
88 3
115.5
134.2
65.5
88 1
116 8
134.9
65.6
135.3
65.2
135. 7
65.5
135.7
65.7
136. 4
65.7
138. 1
66.4
138.6
65.1
93. 8
120 3
182.6
202.1
180 6
184 8
187.2
219.8
185 3
185 8
Prices received, all farm products|§- —1910-14=100. .
Crops
do
Food grains
do
Feed grains and hay
__do
Tobacco
do
Cotton
. _ _ _ _ ___
_ do_ .
Fruit
do
Truck crops
_ _
_ do. _.
Oil-bearing crops
do
Livestock a n d products . d o
Meat animals
do
Dairy products
do
Poultry and eggs
__do. _
Prices paid:f
All commodities
1910-14=100
Commodities used in living.
_
do
Commodities used in production _
do
All commodities, interest, taxes, and wage rates
1910-14=100..
Parity ratiof 9
. .--
.
... do
RETAIL PRICES
r
5
1
2
5
6
1
2
2
2
0
7
7
3
205. 6
r
-ice Q
185
204
227
188
203
221
r 272
143
4
0
4
2
5
6
8
6
202
212
135
165
4
6
4
0
Q7 3
185
204
226
188
203
219
271
143
97
202
2
0
9
4
9
9
g
6
1
8
91 9 ^
135 7
164 8
WHOLESALE PRICES^
U.S. Department of Labor indexes:!
All commodities __
1926—100
Economic classes:
Manufactured products
do
Raw materials.
_ _
do
Semimanufactured articles
do
Farm products. _
_ _
do
Grains.
do
Livestock and poultry . _
do
Commodities other than farm products.. do
Foods
Cereal products
Dairy products.
Fruits and vegetables.
Meats, poultry, and
fish
Hides and leather products
Hides and skins
Leather
Shoes
do
do
do
do
do
do
do
do
do
do
do___
do
do
195.6
238.2
192 3
191 4
on n
117 8
203. 0
264.7
196 8
194 9
00
Q
118 0
208.6
266.3
201 3
200 5
2
1
1
4
4
QO z*
118 1
211.5
269. 3
204 9
203 7
0
6
4
0
7
118 0
218.7
277.5
213 8
209 3
2
0
5
1
7
119 4
234. 8
318. 2
224 8
219 4
I R(\ O
1 47 1
119 4
238.2
317. 8
99Q 1
g
^
ft
Q
r Ig2 9
181 7
r 17Q 2
195 5
186 5
199 6
175
194
180
198
234 8
179. 0
235 8
177.8
1 8^ fi
r
r 1 O7 o
r i4g 5
oc7 o
OOo c
1 78 fi
1ftfii
359 0
163.7
1 4fi *}
997 8
180 8
M7 9
361 0
164.7
r
5
7
4
6
1 fi4 Q
255 1
1 47 1
236.2
313.0
183 6
r
OKO o
161. 6
185. 2
117.1
185.3
115.1
138.1
64.8
93. 3
120 0
r
142.9
184.5
117.8
-JQO 7
f
146. 4
137.5
137.8
147. 9
-J^r Q
233.3
297.8
r
i^c 2
1 Sfi 4
92. 9
m
7
' 232. 6
293.8
-----
230. 6
284.3
22 / . 5
999 H
224 6
Housefurnishing goods
do
r
146.9
148.7
153.9
159.2
163.8
166. 9
170.2
174.7
175.4
178.8
180. 1
«• 180. 0
179. 3
Furnishings
do
r
154 2
156 2
18fi 9
162 8
168 1
173 6
176 6
180 6
195. 9
196. 0
Furniture
do
139.4
141.0
144 fi
152 fi
149 Q
1£Q 0
1 RO O
r 1 co 1
-i co n
1/ifi 7
1*Q 9
IfO 7
r
Revised.
fRevised series. Beginni
URVEY data have been revised
'
< effective back ^ 191°) to reflect changes prescribed in the Agricultural Acts of 1948 and 1949; revisions
for 1910-48 are shown on
§ July 1951 indexes: All farm products 294; crops, 252; food grains, 236; feed grains and hay, 213; tobacco, 438; cotton, 329; fruit, 175; truck crops, 204; oil-bearing crops 317- livestock and
,
,
roducts, 332 ; meat animals, 414; dairy products, 272; poultry and eggs, 222.
9 Ratio of prices received to prices paid (including interest,, taxes,, and wage rat
nvesrocK ana
r Sam6
t
ts. The adjusted indexes were linked to the "old series" at January 1950; that is, indexes originally published for
° lte™S a i d Adjusted weights.
1 ren
vnr
"
V an^ ?all items '). Revisions prior to 1950 for "rent" and "all items" are available upon request. The "all items" index for June 1951 on the
old ioasis is 1
fc
OKI
-bor actual wholesale prices of individual commodities, see respective commodities
*™ cur™?tl? rfevisTed to incorporate corrections received in the 2 months following. Any additional corrections received are incorporated
in final qnn^
^^S^1*™** 1949 ^ "
^ in the AUgUSt 195° SURVEY and f°r '^-December ™ * the August 194*9 issue.
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949
Statistical Supplement to the Survey
August 1951
1951
1950
June
July
August
September
October
November
December
January
February
March
April
May
June
COMMODITY PRICES—Continued
WHOLESALE PRICES^— Continued
U. S. Department of Labor indexes:!— Continued
Commodities other than farm prod., etc. — Con.
Metals and metal products
1926=100
Iron and steel
do
Nonferrous metals
_ _
_
_ _ do _
Plumbing and heating
do
171.9
169.4
148.4
156. 4
172.4
169. 8
150. 6
156.5
174.4
171.0
156.3
164.6
176.7
172.2
166.1
166.9
178.6
173.2
173.3
177.2
180.4
174.0
181.7
182.5
184.9
182.1
182.5
183.6
187.5
185.7
187.9
183.7
188.1
185.7
191.1
183. 7
188.8
185.6
183. 5
183.7
189.0
185. 9
184.1
183.7
188. 8
ISo. 9
182.8
183. 7
188.2
185.9
178.2
183.7
Textile products
do
Clothing _.
do_ _
Cotton goods
do
Hosiery and underwear
do
Ravon a n d nylon
_ _ _ _ _ _ do
Silk
do
Woolen and worsted goods _
do _ _
136.8
143.9
173. 8
97.7
39.9
49.3
148.3
142.6
144.3
190. 7
99.2
40.7
60.3
150.9
149.5
145.2
206. 8
101.2
41.3
65. 6
157.7
158.3
146.7
221.6
105.3
41.7
64.9
178.7
163.1
147.7
225.7
109.2
42.5
65.3
189.1
166.8
151.4
231.7
111.4
42.7
69.0
192.7
171.4
155. 4
236. 6
113.7
43.0
75.0
195.6
178.2
161. 6
239 2
115.2
43.1
86.1
217.4
181.1
163.9
240.5
113.8
43.1
90.8
227.3
183.2
163.9
239. 9
113. 5
43.1
90.8
240.2
182.8
163. 9
236 2
113. 5
43.1
85.2
243.7
181.9
163.9
234. 1
113.5
43.1
76.3
243.4
177.6
163. 9
229. 4
113.1
43.1
73.2
225.1
Miscellaneous
Tires and tubes
Paper and pulp
114.7
67.0
155.6
119.0
68.7
159. 8
124.3
75.0
163.9
127.4
77.4
167.1
131.3
78.1
173.4
137.6
82.3
178.7
140.5
82.5
189.0
142.4
82.8
196.5
142.7
82.8
196.5
142.5
82.8
196.3
142.7
82 8
196.2
141.7
82.8
196.2
141.7
82 8
196. 2
51.2
58.8
49.2
49.4
58.1
48.0
48.3
57.7
47.6
47.5
57.3
47.6
47.5
56.9
47.5
46.8
56.7
47.4
45.8
55.9
46.2
44.6
55.1
45.1
43.8
54.4
44.2
43.7
54.2
44.2
43.8
54.2
44.3
44.0
53.9
44.0
44 2
54.0
44.1
_ _
_
__
-do _
do
_ _ . d o __
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumers' prices
Retail food prices
1935-39-100
do
_
_do
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITYf
New construction, total
mil. of dol
Private, total
_ do_ .
Residential (nonfarm)
do
Now dwelling units
do
Additions and alterations
do
Nonresidential building, except farm and public
utility, total
mil. of dol
Industrial
do
Commercial
do. __
Farm construction
do
Public utility
do
Public, total
do
Residential _
_ _ _ _ _ _ _ _ do
Nonresidential building
do
Military and naval
_ _ _
do
Highway
do
Conservation and development _ _ _ _ do
Other types
do
2,565
2,696
2,817
2,848
2,773
2,569
2,234
2,100
1,973
2,188
2,387
r
2, 551
2 702
1,892
1,178
1,072
92
2,016
1,269
1,161
93
2,090
1,322
1,212
93
2,095
1,322
1,211
94
2,025
1,247
1,145
84
1,901
1,131
1,040
73
1,721
1,003
923
62
1,586
902
830
55
1,518
827
750
60
1,603
852
775
61
1,673
882
795
71
' 1, 734
r
881
r
785
80
1,824
914
810
88
305
78
110
118
278
324
84
116
125
287
333
91
114
127
297
354
101
121
115
297
382
112
136
95
294
403
120
149
81
279
395
125
140
71
247
378
129
122
72
229
384
135
121
76
226
399
142
128
83
264
407
150
125
95
283
T
r
435
162
130
113
300
461
177
130
126
318
673
28
201
9
266
87
82
680
24
202
10
273
86
85
727
27
213
16
295
87
89
753
28
230
748
30
247
28
265
84
94
668
31
228
26
221
76
86
513
30
216
24
103
65
75
514
33
224
29
95
60
73
455
36
210
29
65
49
66
585
42
251
39
110
64
79
714
44
292
59
160
73
86
r 817
878
50
313
87
250
83
95
298
84
92
46
r 312
r 72
215
80
92
CONTRACT AWARDS
Construction contracts awarded in 37 States (F. W.
Dodge Corp.):
60, 658
60, 942
50, 284
46, 856
70, 449
49, 604
Total projects _
number
40, 168
52 700
38 121
42 057
48 376
44 755
49 498
Total valuation
thous. of dol__ 1, 345, 463 1,420,181 1 , 548, 876 1 , 286, 541 1,135,815 1 , 087, 062 1, 168. 432 1,043,248 1, 140. 527 1, 267. 450 1, 374. 991 2, 572, 961 1, 408, 932
459, 921
428, 264
364, 298
437, 770
308, 1 18 320, 426
Public ownership
.
do
381.330
332 032
305 941
418 457
456 319 1 474 166
583 146
922, 243
960, 260 1,111,106
766, 636
787, 102
Private ownership
_ _
_
do _ . _ 917, 199
827, 697
808, 495
848 993
737, 307
918 672 1 098 795 825 786
Nonresidential buildings:
Projects
_
Floor area
Valuation
Residential buildings:
Projects.
Floor area
Valuation
Public works:
Projects - _ _
___
Valuation
Utilities:
Projects
Valuation
_
number
thous. of sq. f t _ _
thous. of dol__
5,090
45, 254
443, 996
5, 085
46, 580
487, 115
5, 987
51, 741
540, 989
5,094
47, 458
498, 725
4,830
42, 583
426, 820
4,868
41,472
434, 894
4 532
40, 069
490, 375
4 614
43, 971
461, 016
3 198
37, 099
431, 166
4 222
43, 301
469, 254
4 421
4 259
44, 804
41, 473
518, 021 1,633,908
4 463
41, 162
553, 280
. _ number.
thous. of sq. f t _ thous. of dol__
52, 989
77, 850
628, 051
53, 268
84, 323
675, 080
62, 025
89, 033
754, 106
42, 906
65, 069
-549, 585
42, 960
64, 945
529, 867
40, 368
60, 810
496, 682
34, 152
56, 353
478, 583
32 455
49, 300
420,918
37, 742
60, 859
531, 146
42 497
65, 761
574, 569
43 197
65, 180
590, 848
45 856
73, 596
661, 094
37 5Rg
60, 496
545, 152
_
2,156
221, 654
2, 133
208, 648
2,020
200, 431
1,812
145, 728
1,445
119, 633
1,235
106, 572
1,151
160, 227
773
128, 536
838
123, 962
1 318
166, 435
1 583
183, 080
2 016
186, 868
2 204
183, 973
423
51, 762
456
49, 338
417
53, 350
472
92, 503
369
59, 495
385
48 914
333
39, 247
279
32 778
279
54 253
339
57 192
459
83 042
407
91 091
500
126 527
334
358
291
325
351
372
325
369
346
358
334
362
323
332
321
332
285
285
299
294
276
272
306
284
268
253
332
297
272
259
333
312
280
276
323
311
307
307
304
292
424
331
373
283
r 4.35
T 325
r 301
'276
441
324
379
295
thous. of dol__ 1, 253, 720 1, 175, 138 1, 164, 682
959, 530
number
thous. of dol__
number
thous. of dol
Value of contract awards (F. R. indexes):
Total, unadjusted
1923-25=100_
Residential, unadjusted
do
Total, adjusted _
_ _ _ _
do
Residential, adjusted
do
Engineering construction:
Contract awards (E. N. R.)§
Highway concrete pavement contract awards:©
Total
thous. of sq. yd__
Airports
_ _
_
do
Roads
do
Streets and allevs__
do
r
8,351
580
4,604
3.167
5,832
224
2 901
2.708
6,589
190
2 890
3. 509
4,114
477
1 333
2.304
950, 526 1,012,046 1, 424, 619 1,266,892 1, 271, 065 1, 406, 456 1, 053, 434 1, 267, 995 1, 027, 087
3,605
50
1 634
1.920
3,084
299
1 314
1.471
i 3, 1
738
28
i 2 065
i 1.645
5, 650
200
3 199
2. 252
4,836
1 222
2 400
1 .214
4,920
690
2 326
1 QfU
4,959
966
1 957
9 flSfi
r 5, 946
1 278
r 0 329
9 33Q
Revised.
i Data include some contracts awarded in prior months but not reported.
cfFor actual wholesale prices of individual commodities, see respective commodities.
JSee note marked "J" on p. S-5.
fRevised series. Data cover items not previously included; annual data beginning 1915 and monthly data beginning 1942 are shown on pp. 22-24 of this issue of the SURVE
§Data for June, August, and November 1950 and March and May 1951 are for 5 weeks; other months, 4 weeks.
GData for August and November 1950 and January and May 1951 are for 5 weeks; other months, 4 weeks.
7, 562
2 841
1 939
9 780
SUBVEY OF CUEKENT BUSINESS
August 1951
S-7
1951
1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June
July
August
September
October
November
Decem ber
January
February
March
April
June
May
CONSTRUCTION AND REAL ESTATE—Continued
NEW DWELLING UNITS AND URBAN
BUILDING
New permanent nonfarm dwelling units started
(IT. S. Department of Labor) _
number. _
Urban building authorized (U. S. Dept. of Labor):
New urban dwelling units, totalj
_ .number. _
Privately financed, total
do
Units in 1-family structures.
do
Units in 2-f amily structures _
do
Units in multifamily structures
do
Publicly f i n a n c e d , total
._
_ _ __do
Indexes of urban building authorized:
Number of new dwelling units—_1935-39=100__
Valuation of building, total
do
New residential building _
do
New nonresidential building..
_do
Additions, alterations, and repairs _ do
144, 300
144, 400
141, 900
120, 600
102, 500
87, 300
93, 600
83, 657
82, 934
66, 885
2,828
13, 221
723
84, 147
79, 473
64, 586
3,118
11, 769
4,674
83, 181
79, 140
61, 740
2,992
14, 408
4,041
62,500
58, 172
46, 498
2,236
9,438
4,328
56, 873
55, 210
43, 761
2,323
9,126
1,663
49, 129
44,588
36, 244
2,056
6,288
4,541
59, 551
44, 697
34, 810
1,747
8,140
14, 854
482. 9
599. 2
928. 8
r 399. 3
' 377. 4
484.8
608.7
949.8
404.5
371.8
479.7
627.3
967.6
426.9
382.6
359.4
484.6
716.8
343.2
329.8
327.7
497.3
663.7
425.1
311.9
274.1
404.4
558.6
323.4
268.6
322.1
460.2
654.3
374.8
249.7
286.9
433.7
581.2
348.8
322.8
217.6
311
221.0
225.0
226.5
330
226.7
227.6
230.4
339
498
518
504
459
485
349
502
519
514
465
488
357
508
526
522
473
495
366
513
536
531
478
499
369
515
542
534
479
502
371
514
541
535
475
501
371
215.6
215.8
227.2
218.0
218.6
230.8
219.5
220.7
234.6
220.4
221.4
234.3
220.9
221.9
233.2
218.3
216.9
222.4
232.5
202.3
220.3
219.0
225.4
236.4
203.8
221.4
220.7
228.4
241.5
205.1
222.3
221.3
228.4
240.7
205.8
227.7
226. 7
231.3
230.5
235.1
235.1
376.9
511.9
383.1
521.4
392.8
530.4
r
r
r
85,900
T
1
96, 200
97,000
' 54, 321
50, 668
41, 206
2,816
6,646
r
3, 653
r 54, 213
50, 360
42, 696
2,843
4,821
r
3, 853
' 57, 731
54, 302
43, 911
2,472
7,919
r 3, 429
84, 085
46, 985
37 860
2 629
6 496
37 100
235.2
334.7
507.8
224.6
231.2
295.5
440.2
617.5
340.5
300.5
310.5
444.2
678.3
302.0
287.3
' 319. 8
r
464 7
' 692. 3
>• 308. 8
r
357 6
274.3
392 9
585 1
256 6
314 4
232. 9
234.6
234.7
357
236.0
237.0
237.2
373
517
543
536
477
504
371
523
550
541
484
511
374
524
550
542
485
511
374
525
550
542
485
512
376
527
556
544
488
512
376
528
557
545
490
512
378
531
557
545
490
529
379
222.9
223.9
233.7
224.7
226. 4
236.9
228.2
229.9
240.1
229.6
231.6
242.7
230.5
232.6
243.3
230.7
232.8
243.6
232.6
234.3
245.0
233.0
234 3
244 9
222.9
221.5
227.9
238.9
206.2
224.8
223.4
229.3
237.9
208.2
226.3
225.9
232.4
241.3
211.0
230.0
230.0
235.6
244.5
215.6
231.3
231.9
238.1
247.1
217.7
232.1
232.6
238.7
247.7
218.4
232.2
232.7
238.9
248 0
218.5
234.5
234.5
240.4
249 0
219.7
233 9
234 5
240 5
248 7
219 8
234.8
234.5
233.7
233.0
234.2
232.7
237.4
236.1
240 5
239.1
243 1
241 7
243 7
242.3
243 8
242 5
245 1
243 6
245 1
243 4
396.2
534 4
388.9
527.9
390.1
528.7
391.8
530.7
397.0
536 7
398 0
537 9
398.8
538 7
402 7
543 9
400 8
542 7
400 4
542 4
80,600
93, 800
r 53, 255 ' 43, 819
49, 579
39, 717
39, 850
32, 958
2,813
2,111
6,916
4,648
' 3, 676 r 4, 102
130, 000
CONSTRUCTION COST INDEXES
Department of Commerce composite*
1939= 100. .
Aberthaw (industrial building)
1914—100
American Appraisal Company:
Average, 30 cities _
.1913=100
Atlanta
do
New York
do
San Francisco...
do
St. Louis
do
Associated General Contractors (all types) .. .do
E. H. Boeckh and Associates, Inc.:
Average, 20 cities:
Apartments, hotels, and office buildings:
Brick and concrete. _U. S. avg. 1926-29=100..
Brick and steel
do
Brick and wood
do . .
Commercial and factory buildings:
Brick and concrete
do
Brick and steel
do
Brick and wood
do
Frame
do
Steel
do
Residences:
Brick
do
Frame
. _
do
Engineering News-Record :cf
Building
_
--1913=100
Construction
do
Bu. of Public Roads—Highway construction:
Composite standard mile
1925-29=100
140.0
155.7
146 2
159 7
161 8
CONSTRUCTION MATERIALS
Production of selected construction materials, index:
Unadjusted
1939=100..
Adjusted
do
171.5
160.3
162.3
152.5
192.2
169.8
179.3
166.8
186.2
168.1
173.2
174.8
155.6
176.0
T
T
156. 5
183. 3
r
r
142. 5
172 7
r
r
168. 6
178. 4
* 169. 9
170. 9
r
v 181. 4
J» 171. 5
REAL ESTATE
Home mortgages insured or guaranteed by—
Fed. Hous. Adm.: New premium paying
183, 559
241, 423
235, 742
204, 030
thous. of dol__ 182, 568
217, 594
164, 669
216, 154
224, 671
180, 081
175, 821
161, 584
146, 237
234, 070
Vet. Adm.: Principal amount*
do
214, 433
268, 611
291, 906
293, 236
258, 401 332, 201 356, 491 350, 366
360, 574
324, 755
298, 950
283, 195
Federal Home Loan Banks, outstanding advances
442
to member institutions
mil. of dol._
506
632
767
774
816
730
700
752
762
758
747
816
New mortgage loans of all savings and loan associa517, 163 556, 469
tions, estimated total
__ .thous. of dol_. 527, 967
370, 681 384,008 351, 142
475, 383 473, 885
467, 585 449, 963 393, 857
440, 210 437, 967
By purpose of loan:
188, 938
Home construction
__
do
189, 363
183, 493
140, 655
123 134
153, 678 149 225
145 422
117, 079
141, 496
129 183 112 008
140 567
214, 412
Home purchase
do
223, 617
219 001
248 089
182 978
213 888
163 447
213 666 219 331
190 539
193 359
153 984
148 936
Refinancing
do
38, 887
42, 093
34, 415
32 002
43, 410
36 579
38 687
34 827
40 879
39 685
38 786
34 473
38 289
Repairs and reconditioning
do
21, 853
22, 461
25, 575
16, 951
13, 804
13, 693
18, 870
20 220
16 285
13 311
16,948
12 638
18* 107
All other purposes
do
53, 073
50, 433
55 902
41 939
50 482
44 054
39 883
50 348
48 071
48 115
48 744
43 087
48* 933
New nonfarm mortgages recorded ($20,000 and
under) , estimated total
thous . of dol . _1, 465, 469 1, 470, 812 1, 624, 913 1, 497, 824 1, 544, 410 1, 457, 073 1, 320, 895 1,331,083 1, 182, 753 1, 369, 284 1,370,848 1, 443, 538 1, 422, 262
12.9
14.1
Nonfarm foreclosures, adjusted index 1935-39=100
14.6
11.9
13.1
13.7
12.1
12.8
12 9
12 6
Fire losses.
thous. of dol
52,980
57, 116
49, 953
49, 878
55 790
58, 744
45 922
56, 403
66 820
68 686
71 507
62 965
69 136
DOMESTIC TRADE
ADVERTISING
Advertising indexes, adjusted:
Printers' Ink, combined index
1935-39=100..
311
333
318
336
365
377
394
371
394
393
385
388
377
Magazines _
do
321
316
341
342
342
338
355
319
347
344
343
338
350
Newspapers
_
do
306
320
297
322
310
344
324
302
314
296
337
338
303
359
Outdoor
_
do
288
328
327
302
360
372
323
356
327
340
380
331
Radio
__
do
273
294
269
282
278
287
272
286
286
283
281
280
283
Tide advertising index
do
309.9
280.0
317 2
298 8
308 8
309 1
318 8
335 5
324 2
332 9
328 4
290 1
328 9
Radio advertising:
Cost of facilities, total
thous of dol
12 293
Ifi 4.40
14 S79
15 146
12 559
13 931
16 170
15 794
15 833
16 714
15 926 r jg 559
H Q7JB
Automotive, incl. accessories
do
288
357
'297
325
'355
339
379
399
508
321
385
378
303
r 4 829
Drugs and toiletries. ..
_ _
do
4,193
3,349
3 648
4 649
3 969
4 415
4 277
4 695
4 082
4 535
4 452
4 375
Electric household equipment
do. .
136
142
148
'l36
142
142
153
144
139
' 134
147
133
128
Financial
_
do
226
249
239
244
234
228
259
251
303
288
276
248
294
Foods, soft drinks, confectionery.
do
3,513
4,366
3,371
3 843
4 341
4 319
4 240
4 607
4 699
4 683
4 443
3 954
4 248
Gasoline and oil. _do
467
391
475
469
545
505
563
479
524
549
465
579
454
Soap, cleansers, etc
_ _ . do
1,791
1 431
1,310
1 664
1 877
r i ygs
1 786
1 831
1 625
1 813
1 659
1 647
1 649
Smoking materials
do
1 577
1 R^l
1,831
1 562
1 540
1 781
1 853
1 797
1 844
1 914
1 698
1 901
1 958
All others
do
1,429
1,826
1.387
1.742
2. 237
2. 332
2.217
2 179
2.104
2.122
1 S7Q
2 31 s
9, I3fi
r
Revised.
,
,.
» Preliminary.
1 Data for July 1951, 86,000.
JMinor revisions in number of dwelling units beginning January 1947 are available upon request
*New series. Details regarding the Department of Commerce construction cost index and data prior tp April 1950 are available in the "
"Statistical Supplement" to the May 19S1 Con"
struction and Building Materials Report. Data on home mortgages, compiled by the Veterans Ad ministration, represent the amount of home loans closed monthly under the Servicemen's
Readjustment Act; figures prior to August 1949 are available upon request.
cfData reported at the beginning of each month are shown here for the previous month.
§Includes data for apparel and household furnishings, shown separately prior to the October 1950 SURVEY.
SURVEY OF CURRENT BUSINESS
S-8
Unless other-wise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
August 1051
1951
1950
June
July
August
September
October
November
December
January
February
March
April
May
June
DOMESTIC TRADE—Continued
ADVERTI SING—Continued
Magazine advertising:!
Cost total
thous. of dol__
Apparel and accessories
do
Automotive incl accessories
do
Building materials §
do
Drugs and toiletries
do _
Foods, soft drinks, confectionery
do
Beer wine, liquors §
do _
Household equipment and supplies §
Household furnishings §
Industrial materials §
Soaps cleansers etc
Smoking materials
All other
Linage total
do__
do
do
do__
do
do
thous. of lines
Newspaper advertising:
Linage total (52 cities)
Classified
Display total
Automotive
Financial
General
Retail
-do __
do
do
do_ __
do___
do _
--do
--
3,832
1,081
4,844
5,874
1,738
33, 577
3,273
3,772
1,128
4,338
5,435
1,476
49, 603
5,540
4,255
2,537
5,416
6,724
1,965
55, 301
4,648
4,545
2,397
6,463
8,598
2,436
51. 534
3,705
4,071
1,491
6, 145
7,488
2,703
40, 673
3,000
2,519
' 3, 626
r
1, 728
r
2, 193
••982
r
1, 360
r
9, 544
2,057
1,574
1,713
1,588
1,116
8,083
4,435
3,650
2,713
1,421
1,556
12, 439
3,870
3,079
2,292
1,324
1,419
13, 949
3,136
1,753
1,691
1,365
7,784
3,648
2.767
2,657
1,091
1,497
11, 506
1,429
10, 707
2,974
3,175
3,791
4,505
4,602
3,958
209, 093
44, 776
164, 317
11,410
2,237
33, 876
116, 795
173, 092
42, 684
130, 409
9,338
2,683
26, 048
92, 339
186, 524
45,005
141, 518
8,969
1,832
25, 431
105, 287
207, 305
45, 888
161, 417
8,793
2,091
32, 705
117, 829
230, 288
47, 678
182, 610
11,314
2,531
41. 222
127, 542
4,258
84, 983
4,062
83, 459
4,228
88, 172
4,039
91,350
13, 960
202, 790
12, 279
183, 502
13, 842
210, 887
12,836
206, 145
* 42, 502
2.832
r
3, 861
r
1.896
r
5, 614
r
6, 845
r
2, 020
32, 754
884
697
884
929
865
52, 737
4,623
3,835
2,933
5, 845
' 6, 628
2,695
47, 445
3,187
3,828
2, 505
6,217
6,378
2,541
4,072
3,581
' 3,150
1,762
1,324
13, 353
3,949
3,477
2,735
1,525
1,381
13, 111
3,652
2,201
3,320
1,518
1,661
10, 436
4,464
4,531
3,926
3,260
176, 831
40, 355
136, 475
7,482
2,205
29, 435
97, 353
218, 341
49,358
168, 984
8,710
2,724
33, 886
123,664
226, 647
52, 165
174, 482
10, 158
2,627
38, 078
123, 619
226, 207
53, 766
172, 441
11, 509
2,455
36, 120
122, 357
202, 047
49, 861
152, 186
10, 814
2,214
30, 166
108, 992
4,826
107, 031
4,454
99, 820
5,536
124, 277
7,183
128, 681
6,756
122, 605
7, 731
121, 273
14, 599
221, 714
12, 574
195, 274
1 5, 874
249, 063
17, 472
348, 166
18, 301
236, 721
16, 928
240, 638
30,863
1,632
2,908
1,033
4,359
4,979
1,602
42, 904
3,183
3,213
1, 377
5.710
7,398
2,067
52, 246
5,334
3,613
2,455
6,264
7,781
2,464
55,993
5,007
3,956
3,063
6,582
7,391
2,752
1,106
1,137
8,781
2,153
1,502
2,034
1,167
1,241
11, 859
3,525
2,696
2,693
1,289
1,267
12, 864
3,106
3,520
4,050
226, 880
42, 944
183, 936
11, 721
2,267
39, 502
130, 447
217, 856
39, 099
178, 757
8, 395
2,347
29, 682
138, 334
173,177
42, 772
130, 405
8,165
3,332
24,066
94, 841
5,474
100, 802
4,413
102, 139
4,662
97, 712
14,218
222, 331
14, 739
225, 332
14, 191
209, 795
745
5,268
5,825
3,789
811
894
1,668
765
POSTAL BUSINESS
Money orders:
Domestic, issued (50 cities) :
Number
Value
Domestic, paid (50 cities):
Number
Value
--
thousands
thous. of dol
--
thousands
thous. of dol _ _
PERSONAL CONSUMPTION
EXPENDITURES
Seasonally adjusted quarterly totals at annual rates :f
Automobiles and parts
Furniture and household equipment
Other durable goods
Nondurable goods total
Food and alcoholic beverages
Gasoline and oil
Semidurable housefurnishings
Tobacco
Other nondurable goods
do
do
do
do
do
do
do
do
do
188 7
202.5
198.4
208.2
201 7
26 6
11.4
11 5
34.3
14.3
16.0
31.5
12.5
14.8
3.8
4.0
29.4
12.9
12.4
25 9
10.8
11 1
100.4
18 5
59.7
105.5
19.6
62.6
104.9
19.2
62.7
111.5
20.4
67.0
109.5
19 5
66.9
4.1
5.1
2.4
4.4
5.1
1.9
4.4
4.3
5.2
2.0
4.5
4.0
5.4
2.4
4.7
5.1
2 0
4.8
10 8
11.3
11.2
11.6
11 2
61.6
9 2
19.7
38
62.7
64.0
20.1
20.5
65.2
10.1
20.9
39
20.7
5 4
21.0
66.2
10 2
21.3
3 9
39
5 6
21 3
9.3
4.0
Transportation
do
9.8
3.9
3.9
5.2
51
19 9
3.9
3.9
5.3
20.3
3.9
RETAIL TRADE
All types of retail stores:f
Estimated sales (unadjusted), total 9 -mil. of dol._
Durable-goods stores 9
do
Automotive group 9
-- do
Motor -vehicle dealers 9
do
Parts and accessories cf
do
Building materials and hardware groupcf
mil. of doL _
Building materialscf
do
Farm implements—
do
Hardwarecf
do_
Homefurnishings groupcf
do
Furniture and housefurnishings cf
do
Household appliances and radios cf— -do
Jewelry stores cf
-do
Nondurable-goods stores 9
Apparel groupcf
Men's clothing and furnishingscf
Women's apparel and accessories
Family and other apparel cf
Shoes
Drug stores
Eatine and drinking nlaces 9
do
do
do
do
do
_do-__
do
do
11, 957
4,515
2,698
2,521
12, 313
4,755
2,881
2,610
12, 737
4,967
2,856
2,632
12, 077
4,243
2,309
2,131
271
224
12, 498
4,462
2,492
2,308
1,133
769
159
205
1,117
745
167
205
1,248
874
161
214
1,125
787
133
205
344
251
89
356
329
72
392
386
85
7,442
7,558
7,770
140
247
83
134
304
89
177
595
747
195
317
101
134
299
936
685
583
113
293
928
778
641
114
298
986
11, 613
3,678
1,998
1,826
14, 463
4,243
2,259
2,014
1,129
792
135
203
964
668
103
193
930
547
121
262
385
367
92
365
347
93
345
269
102
8,036
7,833
7,935
184
752
855
191
403
116
145
302
979
179
712
844
203
400
118
124
306
991
172
614
871
223
402
127
120
297
913
10, 913
3,844
2, 361
2,180
12, 563
4,223
2,560
2,360
11, 580
3,973
2,297
2,108
926
612
121
193
825
537
109
179
992
641
144
207
1,056
689
156
211
438
358
259
331
307
80
202
287
69
334
259
78
321
220
80
10, 220
1,289
363
553
197
7,701
7,068
8,340
7,607
210
338
108
154
279
86
195
418
126
159
352
97
245
796
176
401
985
11,866
4,165
2.520
2,314
207
638
777
121
303
940
182
589
616
98
296
847
200
593
903
165
328
974
189
'12,395
4,268
' 2, 456
2,262
r
194
r
541
728
119
303
949
T
12, 328
4, 187
2,411
2,219
192
1, 162
r
752
174
237
r
562
348
214
88
1,124
730
170
224
8, 126
r
806
181
r
373
109
r
144
8, 140
1,004
1.002
318
557
336
222
95
786
198
335
103
150
322
' Revised.
JComparable data on magazine advertising cost (Publishers' Information Bureau, Inc.) are available back to January 1948 only. Beginning with the October 1949 SURVEY, five new components are shown (marked with "§"); the total of the two components "household equipment, etc." and "household furnishings" covers all items formerly included in "electric household
equipment" and "housefurnishings, etc." Revised data for January 1948-May 1950 are available upon request. §See note marked "J" above.
fRevised series. Estimates of personal consumption expenditures have been revised beginning 1946; revised figures for the grand total and for total durable and nondurable goods and
services are shown as components of gross national product in table 43 in part V of the National Income Supplement to the SURVEY, July 1951. Revised quarterly data for other items for
1946-47 appear on p. 23 of the December 1950 SURVEY; revisions for those items for 1948-lst quarter 1950 will be shown later.
Dollar estimates of sales for all types of retail stores and for chain stores and mail-order houses have been revised for various periods back to 1943 and revisions from August 1948 forward
are shown beginning with the October 1949 SURVEY; specific periods for which the series have been revised are as stated in the notes below. Monthly data for 1946-48 for both sales and inventories of all types of retail stores (unadjusted and adjusted series) appear on pp. 21-23 of the October 1949 SURVEY. Data prior to 1946 and unpublished revisions are available upon request.
9 Rev ised beginning 1943.
cf Revised beginning 1948.
SUKVEY OF CURRENT BUSINESS
August 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-9>
1951
1950
August
July
June
Septem-
ber
October
Novem-
ber
Decem-
ber
January
Febru-
ary
March
April
May
June
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
All types of retail storesf— Continued
Estimated sales (unadjusted), total— Continued
Nondurable-goods stores 9 — Continued
Food group 9
mil. of dol
Grocery and combination 9
do
Other food 9
do
Filling stations
do
General-merchandise group§
do
Department, including mail-order§ do
General, including general merchandise
with food
mil. of dol
Dry goods and other general merchandise d"1
mil. of dol__
Variety
do
Other retail stores©
do _ _
LiquorO
__
_
do
Other§
do
Estimated sales (adjusted), total
do
Durable-goods stores _
do__ _
Automotive group
do
Motor- vehicle dealers
_
_ _ __do _ _
Parts and accessories
_ . _ _.do__ _
Building materials and hardware group
mil. of dol_.
Building materials
_
do
Hardware_ _
do
Homefurnishings group
do
Furniture and housefurnishings
do
Household appliances and radios
do
Jewelry stores
_. do
Nondurable-goods stores
Apparel group
Men's clothing and furnishings
Women's apparel and accessories _
Family and other apparel
_
__
Shoes
Drug stores _
.
Eating and drinking places
do
do
do
do
_do
do
do
do
2,819
2,289
2,591
2,095
2,978
2,414
1,420
874
855
924
979
1,569
1,080
933
155
166
160
160
149
157
194
139
129
155
149
164
170
129
162
124
161
125
169
1,083
136
177
1,045
136
178
1,046
147
185
1.049
228
394
1,414
119
143
1,108
101
143
1,054
133
199
1,142
128
160
1,033
143
178
1,050
138
182
1, 026
154
987
136
897
'909
12, 324
4,240
2,427
2,207
' 12, 075
3,968
220
12, 025
3, 996
2, 255
2,056
'199
r 186
11,910
3, 881
2,221
2, 046
175
1,084
721
1,057
716
r 1, 063
r 700
1, 018
667
223
627
356
272
102
206
579
335
244
105
8,085
763
175
342
111
135
333
994
8,029
779
183
365
109
122
319
972
' 8, 107
'816
'979
8,028
779
181
379
106
133
325
993
2,871
2,308
' 2, 920
' 2, 344
2,879
2, 320
1,320
530
655
1,306
967
130
837
974
134
840
11,699
4,179
2, 485
2,325
12, 700
4,679
2,763
2,512
160
251
1,026
702
1,084
723
189
576
329
248
92
7,519
210
739
397
342
93
8,021
778
190
344
113
131
295
911
Food group
do
Grocery and combination
do
Other food.
_ -do
Filling stations,
do
General-merchandise group _
do
Department, including mail-order
do __
Other retail stores
do
2,604
2,107
2,754
2,226
Estimated inventories (adjusted), total
do
Durable-goods stores _do
Automotive group..
_ _ _ _ _ _ _ _ _do
Building materials and hardware group
mil. of dol__
Homefurnishings group
do
Jewelry stores. _ _
do
Nondurable-goods stores
do
Apparel group
do
Drugstores...
do
Eating and drinking places _
do
Food group
do
Filling stations
do
General-merchandise group
do
Other retail stores
do
496
553
528
601
547
629
1,379
2,793
2,244
548
582
137
946
145
900
12, 682
4,694
2,690
2,484
12, 133
4,417
2,570
2,389
206
181
1,143
778
1,015
684
2,620
2,082
538
586
2,661
2,126
534
575
149
897
11, 759
4,179
2,399
2,225
174
986
670
164
886
11,387
3,670
2,074
1,910
988
626
191
576
318
258
95
213
625
357
269
97
7,987
7,716
7,580
7.717
8,094
2,640
2,127
536
590
514
564
771
189
356
106
119
308
933
2,624
2,096
792
191
366
109
126
309
929
819
195
384
114
126
308
957
2,718
2,177
2,802
2,282
2,445
1,519
2,567
1,552
2,507
1,633
10, 610
2,146
10, 921
2,202
623
(i)
1
c1,874
)
3, 060
2, 535
2,667
1,789
573
11,070
2,220
640
0)
1,883
(0
3,760
t 2, 567
' 2, 702 p 2, 709
2,703
' 1, 864 P 1,815
1,883
p 566
' 569
572
' 11, 041 P 10 845
11, 165
'2,311
P 2, 358
2, 333
660
p614
652
(i)
(i)
0)
' 1,812
p 1 744
1 817
(i)
(i)
(')
' 3, 734 P 3, 591
3,812
1
2, 551 ' i 2, 524 p l 2 538
2,194
2, 692
176
28
85
48
46
81
68
301
41
147
89
53
90
73
47
23
53
25
52
23
9,986
2,038
620
456
596
453
1,619
374
392
1 779
1,802
2,852
1,367
2,805
1,325
2,994
1,399
2,380
2,496
2 485
70
58
65
50
26
51
29
52
31
503
10, 215
2,078
906
520
613
512
515
10, 211
2,093
10, 110
2,076
563
647
562
648
532
588
490
572
540
1,789
1,672
1,620
3,340
1,598
3,390
1,647
3,409
1,571
3,573
i 2, 483
2,588
2,498
2,522
3,389
2,342
545
1, 785
3,181
1,504
50
33
318
2,370
1,593
9,592
1,989
120
113
' 139
2,296
1,590
509
262
41
125
75
57
136
66
'372
' 18, 977 ' 18, 958 p 18, 738
T
' 7, 917 v 7, 893
7,812
2,782
' 2, 654
P 2, 803
2,192
1,325
385
192
18, 642
7,572
2,543
895
484
r
2,885
2,322
224
98
206
547
321
226
96
17,817
6,896
2,211
2,042
1,214
' 108
2,840
2,278
'547
'322
17,422
6,812
2,161
2,021
1,069
196
24
98
58
67
142
66
844
219
368
119
138
331
981
211
16. 754
6,644
2,165
2,027
1,189
186
24
91
56
81
126
66
937
238
414
131
154
320
984
2,075
16, 787
6,576
2,101
15, 793
5,807
1,781
234
37
8,352
8,535
r 2, 261
148
878
16, 697
6,482
2,093
15, 076
5,484
1,744
377
241
730
381
349
100
244
767
413
355
109
144
885
1,025
14, 125
5,135
1,574
619
435
1,129
741
1, 154
755
929
579
632
1, 375
1,494
1,006
1,170
14, 720
5,634
1,948
1,625
244
1,414
2, 998
2, 419
1,638
1,123
1,168
540
579
1,042
594
420
13, 075
4, 723
2. 764
2,520
578
628
1,494
1,011
1,101
528
553
1,056
981
246
143
912
2, 902
' 2, 324
2,883
2,323
560
629
1,381
903
1,102
919
983
8,990
1,835
13, 307
4,772
2,742
2, 496
925
624
1,365
618
391
12, 194
4,099
2, 389
2,173
216
1,350
9,086
1,859
146
962
165
1,445
471
268
756
881
1, 146
192
687
348
339
107
2,728
2,192
564
596
1,129
198
727
367
360
104
768
184
352
108
125
304
938
496
535
531
584
1,283
210
760
384
376
101
788
190
355
110
133
302
929
2,705
2,174
2,429
1,613
1,523
1,037
1,127
470
567
615
1,442
1,605
1,122
1,078
1,376
3, 086
2,519
361
246
40
121
64
49
137
68
52
30
331
246
44
118
64
47
111
64
49
27
621
652
656
692
671
733
386
87
137
826
420
84
136
902
397
105
142
843
427
105
149
878
398
112
150
840
423
143
156
862
319. 2
317.9
300.9
265.3
387.9
235. 4
291.3
396.6
222.0
221.7
243. 9
311.1
328.8
354.7
301.8
274.8
381.8
237.8
407.7
442.1
221.2
216.9
314.9
369.7
325.2
347.3
315.4
286.1
393.5
254 7
339.1
450.7
224.6
220.4
289.5
347.3
341.2
331.9
314.3
281.1
402.2
241.6
308.6
409.4
227.8
214.4
293.4
321.5
336.0
323.2
305.4
257.5
407.1
231. 7
271.0
403.0
223.4
214.6
262.3
300.1
385.7
270.4
224.0
378.9
477.7
342.8
227.3
410.9
437.0
309.7
236.9
402.2
400.8
269.2
234. 2
391.2
361.8
253.2
235.5
394.8
322
381
69
182
99
77
87
97
54
39
1,140
650
(i)
198
36
90
55
49
96
67
52
23
0)
1
563
608
576
599
1,410
1,427
932
927
1,070
2 411
219
32
109
61
51
104
66
' 1, 049
' 2 615
'259
35
r 127
' 77
r
58
' 114
68
54
' 26
560
601
1, 408
926
1,043
2 647
258
37
118
83'
62
112
70
53
24
554
502
656
606
661
656
285
87
120
876
378
99
167
408
82
1,032
369
90
135
913
406
93
1,037
319
104
121
898
' 149
'980
1 53
1,021
346.1
323.9
309.5
269.9
400.5
242.5
240.5
393.7
219.9
210.4
215.2
312.7
442.4
344.7
330.8
306.0
431.2
245.6
322.1
398.3
226.3
218.1
248.4
333.0
315.0
366.9
354 1
313.9
452.1
281.5
386.6
451.6
234 0
224.6
290.5
376.1
316.3
356.6
324.6
284.9
414.1
259.3
386.9
436.0
244.1
221.9
270.7
347.3
338.0
342.3
312.2
230.9
411.3
260.5
336.9
396.8
241.2
221.8
239.8
316. 6
335.2
343 3
306 0
247 0
413.9
230 9
307.9
391.3
231 4
225 6
231.6
326 8
'
'
'
'
'
'
'
'
347. 9
348. 9
330 9
267. 7
427. 8
271.4
304. 0
380. 6
229.8
' 230. 8
' 228. 2
r
333. 6
342.4
341.6
319.6
250. 4
415.2
265. 5
308. 0
367. 4
234. 9
230. 0
224.2
319. 5
381.7
290. 7
223.4
399.5
401.8
308.2
246. 8
424.4
475.9
343.8
248.9
421.8
440.7
294.4
239. 6
427.6
385. 8
273. 4
238.1
432.7
410 2
258.8
242.2
437,7
' 412.6
281.3
' 247. 1
' 444. 3
395.
264.
239.
440.
642
158
326
1
' Revised.
Data for eating and drinking places and filling stations are included with those for other retail stores.
v Preliminary.
tSee note marked "t" on p. S-8. Revisions for chain stores and mail-order houses for 1943-July 1948 are shown on p. 23 of the April 1950 SURVEY.
1
2 Revised beginning 1943.
.Revised beginning 1947.
cf Revised beginning 1948.
©Revised beginning 1945.
r
1,481
1,008
501
581
770
186
350
109
126
305
929
Chain stores and mail-order houses:f
Sales, estimated, total 9
do
Apparel group
_ _
do
Men's wear
do
Women's wear
do
Shoes
_
do
Automotive parts and accessories
do
Building materials
do
Drug stores
do
Eating and drinking places
do
Furniture and housefurnishings _
do
General-merchandise group
do
Department, dry goods, and general merchandise
mil of dol
Mail-order (catalog sales)
do
Variety
do
Grocery and combination
do
Indexes of sales :f
Unadjusted, combined index 9 ._ -1935-39 =100 _.
Adjusted, combined index 9
do
Apparel grouped
do
Men's wearcf
do
Women's wearcf _
_ _
do
Shoes cf
do
Automotive parts and accessories^
do
Building materials^
_ do
Drug stores
do
Eating and drinking piacesd1
do
Furniture and housefurnishingscf__ _ do
General-merchandise groupd*
do
Department, dry goods, and general merchandised1
1935-39=100
Mail-ordered
do
Variety cf 1 -do
Grocery and combination.
do
2,752
2,205
2,705
2, 169
536
596
1,294
857
2,591
2,090
r
0
3
0
8
SURVEY OF CTJKKENT BUSINESS
S-10
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
August 1953
1950
June
July
August
1951
September
October
November
December
January
February
March
April
May
June
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Department stores:
Accounts receivable, end of month:
Charge accounts
1941 average=100-_
Instalment accounts.
do _ _
Ratio of collections to accounts receivable:
Charge accounts
percent-Instalment accounts
_.
_ do_ _.
Sales by type of payment:
Cash sales
percent of total sales. _
Charge account sales
do
Instalment sales
do
Sales, unadjusted, total U. S
Atlanta
Boston
Chicago
_.
Cleveland.— _ _ __
_
Dallas
Kansas City
_
Minneapolis
New York
_
Philadelphia
Richmond
__
St Louis
San Francisco t
_
-
_
_
Sales, adjusted, total U. S.!
Atlanta!
"Boston
Chicago!
Cleveland!
Dallas!
Kansas City!
Minneapolis!
New York!
Philadelphia!
Richmond!
St Louis
San Francisco!
Stocks, total U. S., end of month:!
Unadjusted
Adjusted
. _
Mail-order and store sales:
Total sales, 2 companies
Montgomery Ward & Co .
Sears, Roebuck & Co.. _ _
Rural sales of general merchandise:
Total U S , unadjusted
East
South
_ _
Middle West
Far West
Total U. S., adjusted
East
South
Middle West
Far West
194
219
184
230
191
241
210
256
216
260
233
259
314
276
269
269
236
262
227
255
220
244
'224
235
218
226
51
17
49
17
50
18
51
18
51
18
51
17
49
18
50
19
46
17
50
19
47
18
49
18
49
19
48
43
9
47
41
12
46
42
12
46
42
12
47
43
10
48
43
9
50
42
8
45
45
10
46
44
10
48
43
9
48
43
9
48
44
8
50
42
8
1935-39=100.
do. _
do
_do_ _
__do _
do
_ _do
do
do _ _
do
do _
do
do
281
345
230
278
281
353
296
272
'229
271
r
302
293
'322
283
388
185
271
284
429
339
276
192
239
285
326
387
281
373
198
278
290
399
326
287
202
239
288
318
352
331
426
263
320
337
454
363
320
267
313
356
363
374
308
388
239
296
317
405
328
319
259
299
333
326
345
355
453
287
357
313
472
376
338
302
363
387
398
386
534
708
436
495
538
711
556
476
450
525
584
540
627
277
342
230
261
293
375
300
248
233
253
267
298
333
262
352
193
251
266
351
280
239
218
241
266
275
316
284
422
217
269
286
397
308
236
230
286
307
298
317
284
367
221
276
297
382
302
279
232
269
298
304
320
297
375
233
293
306
393
313
284
238
286
325
323
330
P284
353
»226
272
287
352
P291
2265
254
271
305
282
325
do
_ _do __
do
do _
do ___
do
do
do
__ -do
do
do
do
do
298
392
240
278
299
410
322
283
r
241
285
'327
326
'343
362
494
268
330
364
537
414
342
274
331
394
418
454
335
415
268
335
334
449
354
321
277
319
360
370
374
320
409
255
305
333
420
345
289
262
310
332
360
368
291
370
210
282
299
375
303
283
238
279
312
305
343
290
391
229
288
251
400
325
291
234
273
312
316
345
325
421
249
318
328
433
354
318
266
307
336
353
376
362
449
303
349
395
475
395
325
291
342
369
363
420
326
419
251
322
333
439
346
324
263
321
341
327
375
291
413
217
290
286
414
321
249
230
283
297
298
335
302
399
233
282
323
402
314
287
252
286
326
320
346
301
387
-•235
290
309
405
317
278
243
281
331
330
348
301
402
P235
276
306
409
»316
P273
267
285
331
313
347
do
do __
267
276
258
269
285
284
322
309
362
329
371
332
295
329
303
338
334
349
374
368
386
377
>-370
365
^341
P353
thous. of dol__
do
_ -do
317, 043
96, 389
220, 654
356, 756
104, 957
251,799
339, 478
112, 568
226, 910
357, 438
113, 430
244, 008
335, 351
113, 037
222, 314
369, 150
123, 084
246, 066
499, 058
164, 190
334, 868
296, 659
88, 572
208, 088
253, 570
77, 573
175, 997
310, 175
95, 107
215, 068
311, 771
95, 175
216, 596
328, 424
100, 408
228, 017
322, 649
92, 911
229, 738
1935-39=100
do
do
do
do
do
do_ ._
do
do
do
271.1
259.6
283.4
261.7
315.9
305.6
299. 1
346.0
285.7
349.1
268.0
231.3
286.3
258.6
335.3
363.6
346.3
409.6
346.2
410.9
307.2
271.2
327.2
293.4
367.5
335.0
309.2
364.4
316.8
376.9
334.6
301.0
374.3
310.1
390.3
302.5
290.3
328.9
288.2
341.2
346.8
319.7
402.0
322.3
388.7
290.0
266. 4
314.6
274.3
345.8
422.9
414.7
494.5
399.9
438.1
326.3
296.9
361.5
304.3
349.4
517.0
481.3
552.3
489.8
601.6
365.1
333.1
399.3
330.1
383.7
287.7
270.1
305.0
276.2
324.7
380.1
356.3
381.2
368.3
441.2
269.3
230. 9
304.4
251.3
295. 5
321.7
278.1
350. 0
314.1
395.6
291.5
279.4
323.5
275.8
312.0
307.8
279.4
340.5
290.3
346.7
287.6
269.5
304.0
270.9
325.5
300.5
271.1
331.2
277.6
348.1
285.3
261.3
293.3
276.6
317.8
318.1
291.0
353.8
312.2
354.7
287.0
265.9
304.2
271.1
349.2
323. 6
306.3
371.4
296.0
385.9
5,743
2,149
3,594
7,208
3,171
4,037
6,355
2,415
3,940
6,991
2,990
4,001
7,349
2,866
4,483
7,271
2,878
4,393
6,899
2,581
4,318
7,500
2,911
4,589
7,141
2.703
4,438
7,845
3,060
4,785
6,871
2,455
4,416
8, 067
3,230
4,837
7,038
2,478
4, 560
8,229
3,393
4,836
7,402
2,662
4,740
8,613
3, f)22
4,991
6,585
2,453
4,132
8,808
3,750
5,058
6,954
2,706
4,248
9,166
4, 025
5,141
6,287
2,509
3,778
9,283
4,255
5,028
6,527
2,478
4,049
9, 360
' 4, 399
r
4, 961
6,313
2,368
3,945
9, 184
4,405
4,779
WHOLESALE TRADE
Service and limited-function wholesalers:!
Sales, estimated (unadj.), total
mil.
Durable-goods establishments-. _
Nondurable-goods establishments
Inventories estimated (unadj.), total
Durable-goods establishments- ._
Nondurable-goods establishments
of dol__
do _
do
do
-do
do _
f
EMPLOYMENT AND POPULATION
POPULATION
Population, continental United States: §
Total, incl. armed forces overseas
thousands. . 151, 483
151, 689
151, 939
152, 196
152, 438
152, 668
152, 879
153, 085
153, 302
153, 490
153, 699
153, 900
154, 122
EMPLOYMENT
Employment status of civilian noninstitutional
population:
Estimated number 14 years of age and over,
total
_ _ _ . thousands
Male
do
Female
_ _ - _ . _ _ _
do
109, 392
53, 061
56, 331
109, 491
53, 103
se, 388
109, 587
53, 113
56, 474
109, 577
53, 044
56, 533
109, 407
52,812
56, 595
109, 293
52, 643
56, 650
109, 193
52, 491
56, 702
109, 170
52, 419
56, 751
108, 933
52, 140
56, 793
108, 964
52, 108
56, 856
108, 879
51, 980
56, 899
108, 832
51, 883
56, 949
108, 836
51, 834
57, 002
64, 866
45, 429
19, 437
64, 427
45, 708
18, 719
64, 867
45, 818
19, 049
63, 567
44, 726
18, 841
63, 704
44, 268
19, 436
63, 512
44, 019
19, 493
62, 538
43, 535
19, 003
61,514
43, 093
18, 421
61,313
42, 894
18, 419
62, 325
43, 379
18, 946
61, 789
43, 182
18, 607
62, 803
43, 508
19, 294
63, 783
44,316
19, 467
61, 482
43, 229
18, 253
9,046
52, 436
3,384
61, 214
43, 582
17, 632
8,440
52, 774
3,213
62, 367
44, 154
18, 213
8,160
54, 207
2,500
61, 226
43, 244
17, 982
7,811
53, 415
2,341
61, 764
43, 096
18, 668
8,491
53, 273
1,940
61, 271
42, 710
18, 561
7, 551
53, 721
2, 240
60, 308
42, 076
18, 232
6,234
54, 075
2,229
59, 010
41, 433
17, 577
6,018
52, 993
2,503
58, 905
41, 300
17, 605
5, 930
52, 976
2,407
60, 179
42, 102
18, 077
6,393
53, 785
2, 147
60, 044
42, 154
17, 890
6,645
53, 400
1,744
61, 193
42, 558
18, 635
7,440
53, 753
1,609
61, 803
43, 149
18, 654
8,035
53, 768
1,980
44. 526
45. 064
44. 718
46. 010
45. 704
45. 782
46. 657
47. 658
47. 619
46. 638
47. 092
46. 029
45. 053
Civilian labor force, total
Male
Female . . .
_.
Employed
_ _
Male
Female
Agricultural employment
Nonagricultural employment
Unemployed... _ _ _ _ _ _
Not in labor force.
do
do
do
..do
... _ _ d o _ do
.do
do
d o
do
SUEVEY OF CURRENT BUSINESS
August 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-ll
1950
June
July
August
September
1951
October
November
Decem- January
ber
February
March I April
May
June
EMPLOYMENT AND POPULATION— Continued
BMP LO YM ENT—Con tinued
Employees in nonagricultural establishments:!
Total, unadjusted (U. S. Dept. of Labor)
thousands. .
Manufacturing
do
Durable-goods industries
.
do _._
Nondurable-goods industries
do
Mining, total
.
do
Metalcf
do
Anthracite
__
_ _ _ _ _ do
Bituminous coal d*
do
Crude-petroleum and natural-gas production
thousands. .
Nonmetallic mining and quarrying
do
Contract construction
do
Transportation and public utilities
do _
Interstate railroads
. _.
do
Local railways and bus lines
do
Telephone
..
do
Telegraph _ _
do. _
Gas and electric utilities.
do
Trade
do
Wholesale trade
do. __
Retail trade
do
General-merchandise stores
do
Food and liquor stores _ _
do_ __
Automotive and accessories dealers. _do
Finance
do
Service
do
Hotels and lodging places..
do
Laundries
do
Cleaning and dyeing plants __
do
Government
do
Total, adjusted (Federal Reserve) .
Manufacturing
Mining
Contract construction.- _ __
Transportation and public utilities..
Trade
Finance. .
__
Service
Government.
.
do
do
do. .
do
do. __
do
do. __
do
do.
Production workers in manufacturing industries :f
Total (U. S. Dept. of Labor)
thousands
Durable-goods industries _.
.. do
Ordnance and accessories
do
Lumber and wood products (except furniture)
thousands
Sawmills and planing mills .
...do
Furniture and
fixtures
do
Stone, clay, and glass products
do
Glass and glass products
do
Primary metal industries-do
Blast furnaces, steel works, and rolling
mills__
__ __ thousands..
Primary smelting and refining of nonferrous metals
thousands__
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
thousands. Heating apparatus (except electrical) and
plumbers' supplies
thousands. .
Machinery (except electrical)
__do
Electrical machinery
do
Transportation equipment
_
do
Automobiles
do
Aircraft and parts.. _
do _.
Railroad equipment
Instruments and related products
Miscellaneous mfg. industries.
do. _ _
do
do
Nondurable-goods industries
do
Food and kindred products
do...
Meat products
_
do
Dairy products
do
Canning and preserving
do
Bakery products
do
Beverages
_
do
Tobacco manufactures...
do
Textile-mill products
do
Broad-woven fabric mills _
do
Knitting mills
__.do.._
Apparel and other finished textile products
__
thousands
Men's and boys' suits and coats. .
do
clothing
-thousands
Women's outerwear
do
Paper and allied products
do
Pulp, paper, and paperboard mills ___do
Newspapers
la print ng
'Revised.
v Preliminary.
thousands. .
do
ao
43, 945
14, 666
7,964
6,702
946
102
75
410
44, 096
14, 777
7,978
6,799
922
103
74
382
45, 080
15, 450
8,294
7,156
950
103
75
408
45, 684
15, 685
8,423
7,262
946
103
75
407
45, 898
15, 827
8,618
7,209
939
102
74
406
45, 873
15, 765
8,664
7,101
938
103
74
404
46, 595
15, 789
8,717
7,072
937
104
73
405
45, 246
15, 784
8,742
7,042
932
105
73
403
45, 390
15, 978
8,877
7,101
930
106
73
402
' 45, 850
' 16,022
' 8, 969
' 7, 053
924
' 105
72
'396
259
100
2,414
4,023
1,407
147
615
47
522
262
101
2,532
4,062
1,414
148
620
47
530
261
103
2,629
4,120
1,441
146
623
47
532
259
103
2,626
4,139
1,458
146
622
48
530
256
102
2,631
4,132
1,462
145
621
48
525
255
102
2 571
4,123
1,465
145
615
48
524
257
98
2 403
4,125
1,460
145
620
49
522
253
98
2,281
4,072
1,428
145
618
48
521
252
97
2 228
4,082
1,429
144
623
48
520
250
'100
r 2 326
9,411
2,502
6,909
1,411
1,205
733
1,827
4,826
482
362
156
5,832
9,390
2,528
6,862
1,372
1,203
746
1,831
4,841
515
363
152
5,741
9,474
2,582
6,892
1,387
1,200
749
1,837
4,827
512
359
147
5,793
9 641
2,605
7,036
1,474
1,210
743
1,827
4,816
475
358
150
6 004
9,752
2,625
7 127
1,539
1,219
741
1,821
4,757
441
356
151
6 039
9 898
2 618
7 278
1 654
1,242
746
1,820
4 723
433
353
149
6 037
10 443
2 616
7 827
2 052
1,264
753
1 828
4 694
430
353
147
6 376
9,592
2,587
7,005
1.459
1.244
743
1,831
4,666
429
354
146
6,088
9 554
2 593
6 961
1 431
1,257
735
1,839
4 657
432
351
145
6 122
' 9 713
r 2 590
' 7 123
' 1 512
1 264
'736
1 854
r 4 682
'435
'351
150
6 217
44,010
14, 802
943
2,299
3,995
9,532
1,809
4,778
5,852
44, 259
14, 977
915
2,366
4,021
9,556
1,804
4,769
5,851
44, 914
15, 333
942
2,434
4,073
9,651
1,819
4,779
5,883
45 196
15, 444
942
2,454
4 119
9 650
1 836
4 768
5*983
45 408
15, 606
937
2,506
4 138
9 630
1 839
4 733
6 019
45 501
15 635
937
2 521
4 126
9 620
I 838
4 747
6 077
45 605
15 692
938
2 452
4 125
9 692
1 846
4 741
6 119
45, 804
15, 852
939
2,507
4,107
9 722
1,840
4 737
6,100
46 078
16 009
939
2 503
4 117
9 769
1 848
4 728
6 165
r 46 266
r 16 058
12, 066
6,596
19
12, 151
6,597
19
12, 802
6,900
20
13 016
7 013
22
13 133
7 ige
22
13 044
7 210
23
13 056
7 254
24
13 018
7,256
25
13 186
7 371
27
» 1 q i on
r 7 498
741
437
303
441
118
1,050
750
444
303
440
114
1,054
783
465
319
459
122
1,086
739
429
321
473
128
1, 149
736
428
324
473
128
1 153
r 700
538
'543
46
790
468
327
458
117
1 105
785
462
329
471
127
1 117
773
452
327
477
129
1 126
7^4
440
326
474
128
1 142
550
552
552
554
556
559
45
46
46
46
45
47
769
773
814
837
850
850
122
1,033
615
1,078
765
187
68
49
180
367
120
1, 032
620
1,070
757
188
68
48
178
358
132
1,060
655
1,118
781
199
79
48
187
399
137
1,050
673
1 134
788
209
76
49
199
418
137
1,104
''lO
1 157
795
225
76
50
205
436
135
1,133
721
1 139
'760
239
76
52
209
432
5,470
1,141
232
114
151
191
157
75
1,174
580
212
5,554
1,231
235
116
223
194
164
75
1 160
571
209
5,902
1 331
236
114
302
192
169
82
1 224
595
227
6,003
1 350
236
107
324
5,947
1 260
240
102
226
5,834
1 196
244
100
171
5,802
1 155
9^4.
97
143
159
89
1 255
606
233
149
89
1 264
607
236
149
84
1 262
190
146
83
1 9*18
976
135
981
127
1 089
138
1 099
137
1 100
138
1
238
248
399
205
232
266
396
204
252
254
410
207
500
150
499
150
164 1
504
150
165
on 7
210
510
151
167
514
150
170
r 930
r 2 556
r 4 147
r Q 7R9
r Q 618
r
'
r
'
2 579
7 039
i 446
1 262
738
r 1 865
' 4 743
'445
353
153
6 292
9 670
2 567
7 103
1 46*)
1 267
'742
r 1 875
4 787
451
358
159
6 377
' 46 372 ' 46 472
r 16 074 ' 16 067
r 0,1 Q
' 913
' 2 575 ' 2 566
r A 14.9
4 153
' 1 856
r A 7 jo
ft 9Q4.
•p 7 118
P 1 459
P 1 270
P746
P 1 893
• v 4. 830
•D fi 9.73
z> 4fi 4.R7
v 1 fi. O.09
v QI q
v 9 ^4.7
r
r 1 8fifi
P 4, 782
1 q Oof*
» 12, 989
r 7 4.98
9Q
r 426
P 9 §95
P 2 577
r Q 7R4,
1 854
r 4. 79Q
G oon
*34
'479
i °.n
'483
' 560
561
cc-i
47
47
47
4.7
AC
852
847
852
858
858
'850
133
1,163
130
1,192
711
1 175
767
264
83
52
211
410
132
1,215
P 759
CCA
794.
1 160
'767
252
79
52
211
4.94.
Rft.4.
9°. 4.
1
5,762
1 120
OKI
1
71ft
1 900
5,815
I flQO
' 5, 761
AH9
oqo
604
80
(\CA
107
133
' 1, 237
717
'1, 240
'772
308
94
cc
r
221
423
130
' 1, 243
' 708
' 1, 236
'760
317
95
'222
410
1 oo
233
99
125
190
147
78
' 1, 223
' 564
236
' 5, 662
' 1, 086
229
103
'128
190
144
76
' 1, 214
'566
230
' 5, 587
' 1, 098
229
109
137
190
146
'74
' 1, 206
572
222
' 1, 106
141
95
127
188
14T
9*V7
134
' 1, 231
724
'793
'299
96
KA
218
429
95
132
188
147
80
' 1, 046
' 138
1,000
135
211
251
303
423
209
259
317
423
209
263
305
424
209
'261
266
427
213
253
250
'425
213
515
150
170
518
152
171
510
149
170
510
150
170
'512
150
170
509
151
168
509
152
168
296
f 293
P483
v 1, 164
791
288
95
49
215
4.97
1 °.9
428
212
9Q7
4.91
210
' 1, 451
144
626
48
519
AKf)
t)KA
one
4.18
r 4 H9
254
106
P107
' 2 592 P 2 674
'4 139 P 4 164
1 466
144
632
49
521
' 303
'484
234
1 07
'253
'104
' 2 472
4 132
1,462
144
630
'49
519
r A Aft
' fiOfi
(\KK
' 45, 960 ' 46, 191 P 46, 410
' 15, 928 ' 15, 839 p 15 864
' 8, 977 ' 8, 959
p S 960
' 6, 951 '6 880 p 6 904
'912
'910
P 917
' 104
'104
P 105
68
70
P 379
'381
'377
.«,
P 1, 250
P692
v 1, 250
"222
J>401
P 5, 598
v 1, 135
P74
P 1, 175
"986
->427
.01
ivised to incorporate three major changes:
. basis of major postwar product or activity;
Employees in nonagricultural establishments by
SUKVEY OF CUKRENT BUSINESS
S-12
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
August 1951
1951
1950
June
July
August
Septem-
October
November
December
January
February
March
April
May
June
EMPLOYMENT AND POPULATION-Continued
EMPLOYMENT— Continued
Production workers in mfg. industries!— Con.
Total (U. S. Dept. of Labor)— Continued
Nondurable-goods industries— Continued
Chemicals and allied products
thousands. Industrial organic chemicals
do
Products of petroleum and coal
do -_
Petroleum refining - -- -do_- _
Rubber products
do
Tires and inner tubes
do
Leather and leather products
do. __
Footwear (except rubber)
do
482
150
181
138
199
88
Manufacturing production-worker employment
index, unadjusted (U. S. Dept. of Labor) t
1939=100-.
Manufacturing production-worker employment
index, adjusted (Federal Reserve)!.— 1939 =100. .
343
224
479
152
182
139
200
88
351
230
491
155
193
147
208
90
370
237
506
158
189
145
215
92
372
237
523
159
190
147
219
92
367
230
521
160
191
148
222
93
360
226
524
161
191
147
222
92
359
229
526
163
190
147
222
91
364
234
532
163
191
148
222
91
374
239
••539
167
192
149
220
88
371
237
'537
168
194
150
219
88
354
'225
147.3
148.3
156.3
158.9
160.3
159.2
159.4
158.9
161.0
"161.0
148.9
150. 9
155.0
156.0
157.7
157.7
158.1
159.7
161.3
161.4
312, 091
129, 051
128, 470
327, 886
141, 983
130, 168
336, 600
149, 185
130, 714
327, 953
145, 988
126, 664
317, 566
140, 543
123, 493
291, 399
116, 639
122, 681
250, 137
79, 857
118, 487
228, 239
62, 181
114, 450
221,485
56, 363
113, 856
1,819
214
1,839
215
1,913
218
1,945
219
1,977
222
2,005
226
2,024
228
2,082
234
2,146
240
1,272
1,279
1,302
1,315
1,324
1,322
1,313
1,286
1,287
121.6
120.0
122.3
119.7
124.5
121.9
125.8
122.8
126.6
122.5
126.3
125.2
125.1
127.1
122.9
127.8
122.8
125.9
362.7
367.5
394.4
403.2
415.8
414.6
426.0
424.0
430.0
' 435. 0
40.5
41.3
40.7
40.5
41.1
42.6
41.2
41.8
42.6
41.0
41.7
43.1
41.3
42.1
43.2
41.1
41.8
43.4
41.4
42.2
42.5
41.0
41.5
42.0
40.9
41.6
42.7
41.6
41.6
41.8
41.1
40.2
40.8
41.1
40.9
41.0
40.9
39.5
40.7
42.0
41.9
42.8
41.6
39.8
41.1
41.2
40.1
42.6
41.5
39.0
41.4
41.9
41.8
42.6
42.5
41.4
41.9
41.0
40.7
42.6
42.3
41.3
41.8
41.4
41.0
42.3
42.2
41.0
42.3
40.5
40.0
41.8
41.6
40.6
41.6
39.8
39.9
40.1
40.2
40.8
40.8
41.1
40.9
40.3
40.9
41.2
41.5
41 0
41.5
41.1
42.1
42.1
42.3
41.2
41.6
40.6
41.5
42.1
41.2
38.1
39.1
40. 9
40.3
41.9
42.3
41.0
42.0
42.3
42.4
39.2
39.5
41.7
41.6
42.3
42.4
41.4
40.9
40.6
42.7
38.3
40.4
42.5
42.1
42.4
42.9
42.1
41.0
41.1
41.9
oo o
do
do
do
40.7
41.5
40.4
42.0
42.8
40.7
38.3
39.2
40.7
40.5
do
do
do
do
do
do
do
_ do
do
do
. do
39.5
41.8
41.3
45.0
38.9
41.9
42.0
38.3
38.7
39.2
36.2
39.8
42.3
41.8
45.3
41.4
41.7
42.3
38.4
39.0
39.5
37.0
40.5
41.9
40.7
45.0
40.6
41.8
41.3
39.5
40.5
40.8
39.2
35.8
36.7
36.2
36.9
36.2
33.8
43.0
43.8
38.7
37.2
39.6
41.4
40.8
41.0
40.2
41.4
40.6
37.2
36.4
Miscellaneous employment data:
Federal and State highways total§
number
Construction (Federal and State)
do __
Maintenance (State)
do
Federal civilian employees:
United States
-thousands-Washington, D.C., metropolitan area _ _ do -_
Railway employees (class I steam railways):
Total
thousands.Indexes:
Unadjusted
—.1935-39=100-Adjusted
--- -do
PAYROLLS
Manufacturing production-worker payroll index,
unadjusted (U S Dept of Labor)! 1939—100
LABOR CONDITIONS
Average weekly hours per worker (U. S. Dept. of
Labor) :t
All manufacturing industries
hours_.
Durable-goods industries -do
Ordnance and accessories
do _
Lumber and wood products (except furniture)
hours.Sawmills and planing mills
do
Furniture and
fixtures
do
Stone, clay, and glass products
do
Gla^s and glass products
do
Primary metal industries
do —
Blast furnaces, steel works and rolling
mills
hours
Primary smelting and refining of nonferrous
Fabricated metal prod, (except ordnance, machinery, transportation equipment) hours _.
Heating apparatus (except electrical) and
Machinery (except electrical)
Electrical machinery
Transportation equipment
Automobiles
Aircraft and parts
Railroad equipment
Instruments and related products
Miscellaneous mfg. industries
Nondurable-goods industries
Food and kindred products
Meat products
Dairy products
Canning and preserving
Bakery products
Beverages
Tobacco manufactures
Textile-mill products
Broad-woven fabric mills
Knitting mills
_
__ __do
do
do _ _ .
do
do
Apparel and other finished textile products
hours. _
Men's and boys' suits and coats
do
Men's and boys' furnishings and work
clothing
hours
Women's outerwear
_ do
Paper and allied products _
__ __do _
Pulp, paper, and paperboard mills do
Printing, publishing, and allied industries
hours. .
Newspapers
do
Commercial printing
_
do
Chemicals and allied products
___do
Industrial organic chemicals
do
Products of petroleum and coal
_ do
Petroleum refining
do. .
Rubber products
do
Tires and inner tubes
do
Leather and leather products
do
Footwear (except rubber)
do
'530
170
194
151
'220
89
'331
211
P529
' 159. 8
' 158. 6
P 158. 6
' 161. 5
' 161. 2
P 160. 2
P 197
v 223
P341
* 233, 036 9 252, 343 p 28 0,022
' 67, 538 p 86, 216 P 109, 248
114, 118 p 114, 672 p 118, 484
2,196
244
2,240
247
2,273
248
1,309
1,321
' 1, 324
P 1,329
' 124. 9
' 128. 0
' 126. 1
128.1
P 126. 5
P 127. 0
P 126. 9
p 125. 2
' 432. 9
428.3
41.1
41.9
'43.1
41.0
42.0
42.8
MO. 7
41.7
'42. 9
P 40. 8
P41.9
P42.5
40.5
39.9
42.2
41.3
40.3
41.1
40.6
40.1
'42.3
41.9
••41.0
MLS
Ml. 9
41.4
Ml.O
M2.0
Ml. 3
42.0
Ml. 7
41.2
40.3
Ml. 7
40.3
Ml. 6
041.6
40.6
40.0
Ml. 3
41.4
40.8
41 7
41.5
41.3
'41.3
Ml. 9
41.7
41.9
42.4
41.8
41.7
42.1
42.0
41.8
40.0
42.5
42.3
41 6
43.0
41.8
40.1
39.5
42.4
38 7
40.2
42.4
42.2
42.1
43.7
41.9
41.4
40.9
43.3
39 9
40.9
42.6
41.7
41.4
43.4
41.4
39.9
38.7
43.7
38.7
41.0
41.8
41.3
41.5
43.5
41.3
40.8
39.9
43.3
40.4
40.8
42.2
41.6
41.9
••43.8
Ml. 3
Ml. 2
MO. 3
43.9
MO. 2
Ml. 1
42,3
Ml. 5
41.6
'43.9
41.5
40.8
39.6
44.0
MO.O
41.3
42.4
Ml. 2
41.3
43.6
Ml. 5
MO. 8
39.6
43.9
39.9
41.2
'42. 2
40.7
40.1
42.0
41.7
44.7
44.1
41.2
41.2
39.2
40.7
41.1
38.9
40.3
41.6
40.8
44.5
40.5
41.4
41.0
38.3
40.6
40.9
39.2
40.3
41.9
43.4
44.1
38.6
41.3
40.9
37.8
40.7
41.1
38.7
40.5
42.3
45.2
44.3
37.4
41.6
40.6
38.9
40.8
41.4
38.1
40.2
41.8
42.8
44.1
38.3
41.3
41.2
38.7
40.6
41.3
37.9
40.0
41.0
39.9
44.1
37.8
41.5
40.3
37.9
40.8
41.2
38.8
MO.O
Ml.O
MO. 6
M4.4
r
37.5
Ml. 5
MO. 5
36.8
40.5
41.2
38.1
'39.6
41.2
41.1
44.3
'38.6
41.6
MO. 7
36.9
39.8
40.8
36.7
'39.3
'41.6
41.5
45.3
38.2
41.9
41.4
'36.6
38.8
40.0
35.2
P39.4
P42.0
37.6
37.7
35.7
35.4
37.3
37.9
36.9
37.9
36.5
37.7
36.9
37.6
37.5
38.0
'37.4
'38.6
36.5
37.2
'35.3
36.0
P35.4
36.1
34.7
43.3
44.0
38.0
36.2
44.0
44.6
37.4
32.2
44.0
44.3
38.3
34.7
44.0
44.5
37.7
34.6
44.4
37.0
35.1
44.5
44.9
37.0
36.0
43.8
44.7
37.4
36.7
43.4
44.5
'37.9
'35.9
43.7
44.7
36.9
35.2
43.6
44.7
35.4
34.3
'43. 3
44.7
38.5
36.6
39.6
41.2
40.7
41.6
41.0
41.2
40.4
38.1
37.7
38.9
36.5
40.1
41.6
40.7
40.6
39.4
41.8
40.8
39.2
38.8
39.2
36.9
40.6
41.8
40.8
41.7
41.2
41.9
40.9
38.1
37.6
39.0
36.8
39.9
42.0
40.9
41.6
41.1
41.9
40.2
37.8
36.7
39.2
37.2
40.1
42.0
41.2
41.2
40.7
41.5
40.1
37.5
36.0
39.8
38.1
41.0
42.1
41.2
41.2
40.7
41.6
39.9
38.3
37.4
38.9
35.8
40.6
42.0
41.0
41.0
40.7
40.4
38.4
38.7
38.3
38.4
36.0
39.4
41.8
40.8
40.6
40.2
38.9
35.5
39.2
38.8
••38.9
'36.6
40.3
Ml. 9
41.2
MO. 6
MO. 2
MO.O
r
37.6
'38.4
r
37.9
38.9
36.8
40.0
41.8
41.1
41.1
40.8
'39.9
'36.7
36.4
35.5
'38.7
36.8
39.7
Ml. 8
41.3
MO. 9
40.5
Ml. 3
39.2
'35.5
34.2
44.1
p 2, 316
P256
P40.3
P41.4
M2.3
*42.1
P43.4
P42.0
P41.1
P42.3
P40. 5
P37.6
P38. 5
P43. i"
p38. 7
-P 41. R ~
p 40. «~
P41. 2"
P36. {~
__
* Revised.
* Preliminary.
fRevised series. See note marked "t" on p. S-ll. The adjusted manufacturing employment index was further revised in the November 1950 SURVEY; revisions for January 1939-August
1949 are available upon request. Revised data for 1919-50 for the manufacturing production-worker payroll index are shown on p. 28 of the July 1951 SURVEY.
§ Total includes State engineering, supervisory, and administrative employees not shown separately.
STJKVEY OF CURRENT BUSINESS
August 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-13
1951
1950
June
July
August
September
October
November
December
January
February
March
April
May
June
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITIONS —Continued
Average weekly hours per worker, etc. t— Continued
Nonmanufacturing industries:
Mining:
Metal
_ _ -_ _ _-_ hours _
Anthracite
do
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
hours _.
Nonmetallic mining and quarrying
do
Contract construction
do
Nonbuilding construction
do_ _ _
Building construction
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
_ _ _ _do_ _.
Telegraph
do
Gas and electric utilities
do
Trade:
Wholesale trado
do
Retail trade:
General-merchandise stores
do
Food and liquor stores
__do. Automotive and accessories dealers. __do
Service:
Hotels year-round
do
Laundries
do
Cleaning and dyeing plants
do_ _ _
Industrial disputes (strikes and lock-outs) :
Beginning in month:
Work stoppages
number .
Workers involved
thousands
In effect during month:
Work stoppages
number _
Workers in vol ved
thousands. .
Man-days idle during month
_ do _ _
Percent of available working time
IT. S. Employment Service placement activities:
Nonagricultural placements
thousands. _
Unemployment compensation:
Initial claims
do
Continued claims
do
Benefit payments:
Beneficiaries weekly average
do
Amount of payments
thous of dol
Veterans' unemployment allowances:
Initial claims
do
Continued claims
do
Claims filed during last week of month... do
Amount of payments
_ _ __ _ thous. of dol __
Labor turn-over in manufacturing establishments:
Accession rate. _ .monthly rate per 100 employees. .
Separation rate, total
- do
Discharges
- .
do
Lay-offs
do
Quits
do ...
Military and miscellaneous.
do. .
41.6
32.6
34.7
41.1
34.8
34.6
41.9
33.2
35.5
42.2
34.5
35.5
43.9
37.2
36.1
43.0
31.0
36.4
43.9
32.8
38.5
43.7
35.9
37.6
43.7
30.2
34.1
43.3
'23.1
'33.6
'43.9
'21.5
34.0
44.1
30.1
33.4
40.0
44.9
38.0
42.0
37.0
41.6
44.6
37.9
41.5
36.9
40.3
45.2
38.6
42.7
37.6
40.5
45.1
37.7
41.5
36.7
41.4
45.8
38.5
42.5
37.4
40.6
44.9
38.0
40.9
37.3
40.2
43.5
37.3
40.2
36.7
40.6
43.3
37.1
39.4
36.7
40.5
42.0
f 35. 7
37.7
'35.3
40.6
'43. 6
'36.3
'38.5
'35.8
41.2
45.0
'37.5
'40.2
'36.8
40.8
45.8
38.3
41.5
37.6
45.3
39.1
44.9
41.5
45.1
39.4
45.0
41.6
44.8
39.3
45.0
41.5
45.1
39.6
44.6
41.6
45.3
39.4
44.8
41.8
45.6
38.0
44.4
41.8
46.3
39.1
44.8
42.0
45.9
38.9
44.5
41.8
46.0
39.2
44.7
42.0
'45.7
38.9
44.6
41.5
45.7
38.7
44.6
41.6
45.9
38.9
45.4
41.7
40.6
40.9
40.9
40.7
40.9
40.8
41.2
40.8
40.6
40.6
40.7
40.9
37.2
40.8
45.9
37.7
41.5
45.7
37.4
41.5
45.6
36.4
40.4
45. 6
36.3
40.0
45.9
36.0
40.0
45.8
38.2
40.3
46.0
36.7
39.9
45.7
36.3
39.5
45.5
35.8
39.3
45.4
' 35. 9
39. 6
45.4
35.5
39.7
45.4
43.8
42.0
43.0
43.8
41.5
41.4
44.0
40.6
40.0
43.8
41.3
41.6
44.0
41.0
41.0
43.6
40.8
41.2
43.9
41.2
41.1
43.4
41.0
41.4
43.2
40.5
40.1
'43.3
MO. 9
'40.2
43.5
41.2
42.3
43.4
41.3
43.1
483
278
463
224
635
346
521
270
550
197
329
200
218
61
400
185
350
220
350
140
350
165
400
150
375
190
768
373
2,630
.34
732
389
2,750
.39
918
441
2,666
.32
820
450
3, 510
.48
801
330
2,590
.32
605
308
2,050
.27
423
114
912
.12
550
215
1.200
.15
550
300
1,700
.25
550
280
2,300
.29
550
235
1, 850
.25
580
250
1, 750
.22
500
200
1, 000
.21
494
486
624
618
612
515
421
486
438
513
552
610
585
1,104
5,827
971
5,115
641
4,424
558
3,293
720
3,141
907
3,520
1,051
3,873
1, 080
4,923
770
3,845
719
3,627
983
3,534
908
3, 977
1,118
3, 704
1,388
119, 430
1,158
99, 714
983
89, 681
806
64, 458
652
57, 533
734
62, 389
832
66, 969
983
91, 560
883
71, 369
807
71, 584
740
62, 294
773
70, 799
821
68, 780
18
128
27
2,526
13
112
25
2,209
9
92
19
1,988
5
55
10
1,126
4
30
6
629
5
24
5
487
5
25
6
464
4
27
6
554
3
19
5
391
2
15
3
315
1
9
2
197
1
6
1
146
1
5
1
97
4.8
3.0
.3
.9
1.7
.1
4.7
2.9
.3
.6
1.8
.2
6.6
4.2
.4
.6
2.9
.3
5.7
4.9
.4
.7
3.4
.4
5.2
4.3
.4
.8
2.7
.4
4.0
3.8
.3
1.1
2.1
.3
3.0
3.6
.3
1.3
1.7
.3
5.2
4.1
.3
1.0
2.1
.7
4.5
3.8
.3
.8
2.1
.6
4.6
4.1
.3
.8
2.5
.5
4.5
4.6
.4
1.0
2.7
.5
4.5
'4.8
.4
1.3
2.8
.4
*4. 8
»>4. 0
P.3
P. 9
»2. 4
v. 4
58.85
62.86
61.90
59.21
63.01
64.92
60.32
64.33
66.12
60.64
65.14
67. 41
61.99
66.39
68.64
62.23
66.34
70.53
63.88
68.32
68.34
63.76
67.65
69.55
63.84
68.18
70.92
64.57
' 69. 30
r
72. 71
64.74
' 69. 72
' 71. 22
' 64. 55
69.39
' 72. 37
p 65. 44
» 70. 00
» 70. 85
56.28
56.08
52.50
58.12
59. 74
66.50
56.27
55.95
52.03
58.57
60.24
66.95
58.30
57.95
54.87
59.40
59. 10
67. 36
57.84
57.69
55.42
60.88
61. 31
69. 10
58.83
58.56
56.27
63. 11
65. 66
69.81
57.03
56.53
56. 87
63. 66
67.03
70.14
57.59
56.83
56.77
63.60
65. 89
74.36
55.73
54.84
56. 93
63.48
66.10
74.42
56. 13
55.30
58.15
63.15
65.04
' 59. 62
59.04
' 57. 15
' 64. 93
' 66. 74
' 75. 89
' 59. 88
59.49
' 56. 00
' 64. 76
65.49
' 75. 09
"61.32
r 73. 12
' 55. 58
55.06
' 58. 67
' 64. 53
' 66. 17
'75.11
66. 63
67.83
67.37
69. 30
68. 87
69.03
75.21
76.41
74.16
r
' 78. 25
76. 85
62.54
62.83
63. 1 5
64. 44
66. 40
67.73
69.47
70.67
69.18
' 69. 14
' 70. 18
70. 00
WAGES
Average weekly earnings (U. S. Department of
Labor) :f
All manufacturing industries
dollars
Durable-goods industries
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
dollars _ _
Sawmills and planing mills,
do. _
Furniture and
fixtures
do
Stone, clay, and glass products
do
Glass and glass products
do. _ _
Primary metal industries
.
do. __
Blast furnaces, steel works, and rolling mills
dollars _
Primary smelting and refining of nonferrous
metals
dollars
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
dollars _.
Heating apparatus (except electrical) and
plumbers' supplies ._.
dollars. _
Machinery (except electrical)
do
Electrical machinery.
.__
do __
r
62.87
62. 55
64.79
65.72
66. 66
66. 20
68. 26
67.80
68. 18
r
69. 55
' 69. 55
' 69. 22
62.11
65.69
,'8.62
63.28
66.35
59.44
65.53
67. 98
60.15
66.83
68.94
61.48
68.09
71. 00
64.12
67.27
72.03
64.33
68.88
74.20
65.15
68.85
74. 47
64.42
69. 60
75.08
64.80
' 70. 89
' 76. 43
' 65. 34
' 70. 35
' 76. 74
66.11
69.76
' 70. 34
' 00. 32
74. 05
74.29
75.86
68.80
71.16
67. 06
58.41
r
' 75. 50
' 74. 13
77.31
' 08. 44
' 76. 82
' 67. 88
' 57. 79
' 74. 50
74.01
77.44
08. 31
70.38
r
08. 30
' 57. 51
Transportation equipment
do
71.71
72.53
72.87
Automobiles
do
75.76
74.35
75.21
65.32
Aircraft a n d parts _ _ _ _ _ _ _
do _
66.54
68.94
Ship and boat building and re pairs. _ .do
62.39
64.20
64.84
64. 56
Railroad equipment
do
64.40
65.29
Instruments and related products
do
58.93
58. 98
61.13
Miscellaneous mfg. industries. _ _
do
52.69
52.47
54.87
Revised.
* Preliminary.
f Revised series. See note marked "" " on p. S-11.
77. 35
72.39
73.81
71.18
62.89
68.72
63. 58
64,04
73.02
75.21
70.18
62.89
69.04
64.77
56.98
71.78
72.76
71.78
64.47
69.51
65.47
57.01
75.18
76.28
75.08
66.67
72.52
66.75
57.50
72.06
71.48
76.78
64.24
72.41
65.79
57.37
75. 73
' 76. 13
77.35
' 68. 78
' 75. 13
' 67. 64
' 58. 18
p
50. 02
* 64. 54
^77.32
v
70. 10
P 70. 77
P 68. 03
P 75. 99
P 08. 74
» 57. 15
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
August 1951
19.51
1950
June
July
August
September
October
November
December
January
F
ST *«<*
April
May
June
' 58. 05
' 59. 62
62. 76
' 59. 85
' 50. 22
' 55. 95
' 72. 24
42.66
52.81
53.98
' 46. 94
' 58. 01
' 60. 36
63. 79
61.11
49.13
56. 57
74. 06
' 42. 42
' 51. 53
52.96
45.09
p 58. 63
P 62. 16
45.04
' 54. 61
' 43. 60
' 52. 78
p 44. 29
38. 86
' 48. 68
' 66. 23
'71.12
37.24
47. 54
' 65. 90 ~"i>~65.~8i~
71.21
' 75. 78
' 82. 98
' 74. 76
' 67. 80
'71.35
' 81. 30
'84.86
' 65. 72
' 69. 47
' 46. 56
43.74
' 75. 77 p 76. 08
83.79
74. 64
' 68. 30 "p~68.~43~
71.99
' 81. 60
p 82. 38
85.13
p 69. 34
' 68. 43
75. 42
' 45. 55 •p 45. 96
42.07
EMPLOYMENT AND POPULATION—Continued
WAGES — Continued
Average weekly earnings, etc.f — Continued
All manufacturing industries— Continued
Nondurable-goods industries
dollars..
Food and kindred products
do
IVIeat products
do
Dairy products
do
Canning and preserving
do
Bakery products
do
Beverages
do
Tobacco manufactures
do
Textile-mill products
do - _
Broad- woven fabric mills
do
Knitting mills
do
Apparel and other "finished textile products
dollars. .
Men's and boys' suits and coats
do
Men's and boys' furnishings and work
Women's outerwear
Paper and allied products
_
do ...
do
Printing, publishing, and allied industries
dollars.Newspapers
do
Commercial printing _
do ___
Chemicals and allied products
do
Industrial organic chemicals
do
Products of petroleum and coal
do
Petroleum refining
do
Rubber products
do
Tires and inner tubes
do
Leather and leather products
do
Footwear (except rubber)
do
Non manufacturing industries:
Mining:
Metal
do
Anthracite
do
Bituminous coal
do
Crude- petroleum and natural-gas production:
Petroleum and natural-gas production
dollars. .
Nonmetalic mining and quarrying
do
Contract construction
do
Nonbuilding construction
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
do
Telegraph
do
Gas and electric utilities
do
Trade:
Wholesale trade
do
Retail trade:
General-merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers do
Finance:
Banks and trust companies
do
Service:
Hotels, year-round
do
Laundries
do
Cleaning and dyeing plants
do
Average hourly earnings (U. S. Department of
Labor):f
All manufacturing industries
. _
dollars
Durable-goods industries
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
dollars. _
Sawmills and planing mills..- _
do
Furniture and
fixtures
do
Stone, clay, and glass products
do
Glass and glass products
.do
Primary metal industries .
do
Blast furnaces, steel works, and rolling mills
dollars
Primary smelting and refining of non ferrous
metals..
dollars
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
dollars..
Heating apparatus (except electrical) and
plumbers' supplies
dollars..
Machinery (except electrical)
do. .
Electrical machinery
do
Transportation equipment
do
Automobiles
... ...
do
Aircraft and parts
do
Ship and boat building and repairs.. do
Railroad equipment ...
.. do
Instruments and related products
do
Miscellaneous mfg. industries..
do
54.73
56.94
59.31
57.21
47.73
53.88
71.11
42.12
47.27
47.52
42.77
55.65
56.19
57.92
56.57
47.91
54.34
68.39
43.37
49.33
49.29
45.67
55.30
56.36
62. 59
56.81
47.18
53.85
67.86
42.02
49.98
49.90
45.63
56.58
56.83
61.24
56.74
49.05
54.19
68.14
41.21
52.58
53.17
47.67
57.19
58.08
65.49
56.62
48.06
54.47
67.81
42.45
53.19
53. 68
47.91
58.44
59.85
69.92
57.68
46.82
55. 04
68.78
43.72
53. 57
54.36
47.24
58.53
60.11
65.83
59.09
49.41
54.68
71.61
44.12
53.59
54.39
47. 94
58.32
59.04
60.25
59.45
49.84
55. 49
71.13
43.17
53.94
54.22
49.24
41.89
48.99
43.22
49.22
46.06
51.08
43.09
47. 75
45.51
51.77
44.50
52.57
45.88
55.57
47.42
55. 23
48.38
56.32
35.55
45.87
60.03
64.21
35.34
49.62
61.36
65.74
37.43
54.01
62.74
66.99
37.18
46.43
63.10
66.89
38.38
50.94
63. 27
67.20
38.53
48.37
64.92
69.00
38.59
51. 84
66.44
70.63
39.11
55.01
65.96
70.89
39.68
56.08
65.36
70.49
72.72
80.76
71.79
62.39
65.16
74.37
76.82
65.08
74.05
43.60
40.84
72.30
79.20
71.95
62.99
66.02
76.09
78.93
65.59
75.22
44.73
42. 53
73.17
78.84
72.38
63.48
65.85
73.73
75.29
66.25
76.01
46.49
44.39
74.48
81.11
73.61
64.16
67. 52
76.77
79 72
66.58
75.46
45.72
43.32
74.22
81.07
73.78
64.55
67.98
77.71
80.93
66.29
73. 12
46.04
42.76
74. 52
82.29
73.42
65. 52
69. 34
78.32
81.64
66. 52
73.70
45. 94
42.23
76.42
85.42
75.60
66. 43
69.75
78.32
81.03
68.76
76. 21
47.26
44.02
74.22
79.12
74.58
66.99
70.11
78.58
82.95
66. 78
73.69
48. 30
45.88
74.23
79.96
73.24
67.17
70.26
78.44
81.28
63.37
66.95
49.43
46. 99
63.40
64.94
69.92
63.17
68. 59
69.68
64.48
65.77
71.04
66.38
68.45
71.92
69.84
75. 59
72.99
69.92
60.85
73.27
73. 53
65.14
77.77
74.33
71. 33
76.63
73.46
66.65
75.67
r
72. 83
' 50. 68
' 74. 66
' 74. 41
' 46. 91
' 75. 96
74.75
66.67
74.11
71.08
60.39
73.76
73.75
73.82
75.59
60.92
74.06
73. 70
74.02
71.01
61.74
75.96
76.48
75.99
73.47
62.51
75.89
75.86
75.86
77.67
64.03
77.92
77. 65
77.87
76.21
63.31
77.52
75.42
78.07
75.58
62.12
77.36
75.58
77.80
76.90
61.96
77.61
74.70
78.35
77.15
60.77
75.47
72.20
76. 14
r
76. 63
' 63. 74
' 76. 99
r
74. 19
' 77. 44
' 80. 63
' 66. 24
' 79. 65
'77.75
'79.86
79.60
67.78
81.50
79.97
82.44
67.41
54.19
64.21
65.99
67.47
54.96
64.13
66.52
66.84
54.71
63.99
65.65
67. 42
55.80
64.49
67.35
67.77
56.18
64.74
67.93
68.26
54.04
64.25
68.68
69.96
56. 30
65.05
71.31
70.23
56.41
64.57
71.18
70.66
57.58
64.86
71.36
r 70. 42
56.52
64.63
' 70. 56
56.12
64.36
' 70. 39
71.15
56.44
65. 92
71.02
59.93
61.10
60.90
60.93
61.68
61.98
63.49
63.44
63.62
63.62
64.10
64.34
36.60
51.82
62.29
37.32
53.37
63.71
37.06
53.04
63.66
36.11
52.12
63.52
36.01
51.80
63.94
35. 24
52.40
63.07
37.02
52.91
63.53
38.02
53.15
64.48
37.43
52.69
65.16
' 36. 44
r 52. 62
r 65. 29
' 37. 01
' 53. 22
' 66. 01
36. 71
53.79
66. 42
45.42
46.34
46.36
46.75
47.78
48.18
48.66
49.28
49.55
' 49. 70
' 50. 23
49.97
33.33
36.33
44.03
33.51
35.61
42.02
33.92
34.83
40.16
34.30
35.93
42.56
34.67
35.79
42.15
34.74
35.86
42.23
35.16
36.38
42.29
34.89
36.70
43. 35
35.04
36.25
41.78
r 34. 68
' 36. 85
'44.14
35. 06
37.41
' 44. 80
34.98
37. 83
45. 86
1.453
1. 522
1.521
1.462
1.533
1.524
1.464
1.539
1.552
1.479
1.562
1.564
1.501
1.577
1.589
1.514
1.587
1.625
1.543
1.619
1.608
1.555
1.630
1.656
1.561
1.639
1.661
1.571
r 1. 654
' 1. 687
1.579
' 1. 660
'1.664
' 1. 586
1.664
* 1. 689
p 1 . 604
P 1. 685
P 1. 667
1. 353
1.348
1.256
1.414
1.486
1.630
1.369
1.368
1.269
1. 432
1.525
1.645
1.388
1.383
1.282
1.428
1.485
1.639
1.404
1.407
1.301
1.467
1. 572
1.669
1.404
1.401
1.321
1.485
1.586
1.666
1.391
1.389
1. 335
1.505
1.623
1.678
1.391
1.386
1.342
1.507
1.607
1.758
1.376
1.371
1.362
1.526
1.628
1.789
1.386
1.386
1.378
1.529
1.614
1.779
"1.369
1.373
'1.387
' 1. 540
' 1.614
' 1. 797
' 1. 423
1.426
' 1. 394
'1.546
1.616
' 1. 807
' 1. 436
1.444
' 1.391
'1.553
1.625
' 1. 805
p 1. 474
1.674
1.700
1.680
1.724
1.688
1.692
1.830
1.882
1.854
'1.873
>• 1. 890
1.885
1.529
1.559
1.544
1.564
1.600
1.652
1.666
1.703
1.675
1.674
1.675
1.680
1.515
1.522
1.539
1.561
1.576
1.580
1.610
1.622
1.635
' 1.652
' 1. 656
r
1. 656
p 1.665
1.526
1.583
1.451
1.536
1.595
1.464
1.564
1.607
1.467
1.580
1.626
1.485
1.606
1.655
1.523
1.617
1.675
1.539
1.636
1.698
1.555
1.663
1.716
1.556
1.677
1.726
1.569
' 1. 692
r
1.745
1.582
'1.691
' 1. 748
1.593
1.689
'1.751
' 1. 598
p 1.769
p 1. 634
.727
.770
.605
.629
.647
1.448
1.301
1.728
1.766
1.615
1.685
1.647
1.442
1.302
1.735
1.778
1.626
1.654
1.653
1.466
1.319
1.770
1.818
1.667
1.612
1.701
1.496
1.331
1.781
1.830
1.675
1.642
1.726
1.524
1.347
1.790
1.842
1.693
1.666
1.729
1.544
1.351
1.816
1.865
1.734
1. 671
1.773
1.567
1.379
1.806
1.847
1.757
1.660
1.766
1.574
1.389
1.815
1.862
1.752
1.703
1.744
1.589
1.404
' 1. 838
'1.889
1.762
'1.711
'1.828
' 1.599
'1.402
'1.826
' 1. 872
1.757
' 1.711
'1.860
' 1. 601
'1.407
'1.826
1.869
1.764
1.712
1.854
' 1. 620
r
1. 413
p 1. 849
1.379
1.342
1. 501
1.271
1.148
1.307
1.647
1.404
1.366
1.501
1.275
1.211
1.309
1.662
1.419
1.386
1. 509
1.284
1.245
1.319
1.658
1.443
1.415
1.547
1.302
1. 252
1.323
1.694
1. 456
1.438
1.538
1.340
1.290
1.324
1.738
1.458
1.440
1.510
1. 348
1.292
1.337
1.765
1.460
'1.442
1.525
' 1 . 351
'1.297
' 1.333
' 1. 769
1.466
'1.447
1.527
'1.351
'1.301
'1.345
' 1. 775
'1.476
'1.451
1. 537
1. 349
1.286
1.330
1.789
p 1. 488
p 1. 480
1.365
1.375
1.374
Nondurable-goods industries
do
1.341
1.340
1.346
Food and kindred products
do
1.407
1.419
1.423
Meat products
do
1.241
1.263
1.257
Dairy products.
_ _ do _ _ .
1.153
1.181
1.180
Canning and preserving, _ ..
do. _
1.292
1.270
1.300
Bakery products
.
do
1.642
1.681
Beverages ._
.
do __
1.656
'Revised.
*> Preliminary.
fRevised series. See note marked " " on p. S-11.
r
53.92
56.01
58.11
55. 85
45.94
53.21
68.96
41.59
46.75
46.92
41.85
r
r
58. 40
' 59. 12
r 61. 92
r
59. 98
48. 64
' 55. 32
' 72. 35
^ 42. 03
53.34
' 53. 72
r 48. 54
r
r
47. 27
r 57. 13
' 40. 17
' 52. 49
' 66. 16
' 70. 80
r
75. 74
r 82. 13
r
75. 52
' 67. 54
r
71.15
' 78. 93
'81.89
r
65. 88
"•71.40
r
48. 73
' 46. 43
r 70. 14
r
v 43. 84
P 50. 90
p 1.390
p 1. 559
P 1. 828
P 1. 625
P 1.411
SURVEY OF CURRENT BUSINESS
August 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-15
1951
1950
June
July
August
September
October
November
December
January
February
March
April
May
June
EMPLOYMENT AND POPULATION—Continued
WAGES—Continued
Average hourly earnings, etc. f— Continued
All manufacturing industries— Continued
Nondurable-good s i ndustries— C ontinued
Tobacco manufactures
dollars. _
Textile-mill products
do
Broad- woven fabric mills
do _
Knitting mills
do
Apparel and other finished textile products
dollars __
Mien's and boys' suits and coats
do
Men's and boys' furnishings and work
clothing
dollars
Women's outerwear
do
Paper and allied products
do
Pulp, paper, and paperboard mills. __do
Printing, publishing, and allied industries
dollars. .
Newspapers
do
Commercial printing
do
Chemicals and allied products
do
Industrial organic chemicals
do
Products of petroleum and coal
do
Petroleum refining
do
Rubber products
do
Tires and inner tubes
do
Leather and leather products
do
Footwear (except rubber)
do
Nonmanufacturing industries:
Mining:
Metal
do
Anthracite
- do
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
dollars
Nonmetallic mining and quarrying
do
Contract construction
do
Nonbuilding construction
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines .
_ _ do
Telephone
do
Telegraph
do
Gas and electric utilities
do
Trade:
Wholesale trade- -_ _ _
do
Retail trade:
General-merchandise stores
do
Food and liquor stores do
Automotive and accessories dealers, do
Service:
Hotels, year-round
do
Laundries
do
Cleaning and dyeing plants.
do
Miscellaneous wage data:
Construction wage rates (E. N. R.):§
Common labor
dol. per hr
Skilled labor
._
do
Farm wage rates, without board or room (quarterly) *
dol per hr
Railway wages (average, class I)
do
Road-building wages, common labor
do
1.086
1.208
1.197
1.156
1.097
1.212
1.203
1.156
1.098
1.218
1.208
1.165
1.072
1.228
1.214
1.173
1.076
1.295
1.300
1.216
1.123
1.307
1.306
1.238
1.124
1.313
1.313
1.240
1.140
1.320
1.317
1.265
1.139
1.322
1.316
1.269
' 1. 142
1.317
'1.304
' 1.274
1.170
1.335
1.194
1.334
1.225
1.355
1.207
1.349
1.220
1.366
1.206
1.387
1.257
1.474
1.285
1.469
1.290
1.482
.982
1.357
1.396
1.466
.979
1.430
1.417
1.494
.985
1.492
1.426
1.502
.994
1.442
1. 434
1.510
1.002
1.468
1.438
1.510
1.022
1.398
1.472
1.554
1.043
1.477
1.493
1.573
1.057
1.528
1.506
1.586
1.879
2.171
1.813
1.507
1.597
1.878
2.164
1.817
1.529
1.622
1.881
2.160
1.805
1.526
1.618
1.900
2.198
1.813
1.535
1.655
1.903
2.203
1.849
1.537
1.662
1.901
2.212
1.831
1.560
1.683
1.920
2.242
1.844
1.578
1.693
1.908
2.210
1.837
1.595
1.710
1.814
1.911
1.572
1.824
1.172
1.122
1.829
1.925
1.592
1.862
1.174
1.128
1.816
1.911
1.585
1.863
1.186
1.144
1.841
1.935
1.589
1.845
1.200
1.152
1.868
1.969
1.582
1.819
1.218
1.165
1.901
2.006
1.603
1.838
1.225
1.173
1.901
1.991
1.653
1.910
1.234
1.177
1. 941
2.038
1.653
1.919
1.248
1.198
1.524
1.992
2.015
1.537
1.971
2.014
1.539
1.981
2.001
1.573
1.984
2.026
1.591
2.032
2.022
1. 626
1.963
2.013
1.675
1.986
2.020
1.701
1.987
2.038
1.681
2.207
2.219
1.777
1.345
1.941
1.756
1.995
1.817
1.366
1.954
1.776
2.006
1.762
1.366
1.968
1.791
2.021
1.814
1.385
2.013
1.828
2.067
1.876
1.398
2.024
1.827
2.082
1.877
1.410
2.040
1.844
2.093
1.880
1.428
2.074
1.880
2.120
1.894
1.431
2.092
1.896
2.135
1.905
1.447
2. 114
1.915
' 2. 157
1.488
1.386
1.430
1.590
1.496
1.395
1.425
1.599
1.492
1.392
1.422
1.603
1.495
1.409
1.446
1.619
1.496
1.426
1.445
1.625
1.497
1.422
1.447
1. 643
1.511
1.440
1. 452
1.670
1.530
1.450
1.451
1.690
1.536
1.469
1.451
1 699
1.476
1.494
1.489
1.497
1.508
1.519
1.541
1.555
1.567
.984
1.270
1.357
.990
1.286
1.354
.991
1.278
1.396
.992
1.290
1.393
.992
1.295
1.393
.979
1.310
1.377
.969
1.313
1.381
1.036
1.332
1.411
1 031
1.334
1.432
.761
.865
1.024
.765
.858
1.015
.771
.858
1.004
.783
.870
1.023
.788
.873
1.028
.795
.879
1.025
.801
.883
1.029
.804
.895
1.047
.811
1.042
1.528
2.517
1.538
2.524
1.561
2.544
1.561
2.554
1.568
2.565
1.574
2.571
1.574
2.577
1.585
2.604
1 593
2.615
1 595
2.619
1 595
2 619
1.555
1.579
1.20
1.552
1.586
1.566
1.23
1.587
1.603
1.585
1.30
1.659
1.681
1 716
1 23
1 725
383
325
394
333
453
356
470
369
479
381
456
387
417
364
356
551
361
592
1 986
998
958
40
339
650
323
700
310
739
974
37
315
771
.73
' 1. 159
'1.328
1. 324
1.281
r> 1. 166
1.264
* 1.480
1.234
r 1. 468
' 1.235
1.466
» 1. 251
1.061
1.528
1.506
1.584
'•1.060
r
1. 462
' 1.514
1.053
* I. 383
r 1. 584
' 1. 519
r 1. 591
1.052
1.386
' 1. 522
1.593
1. 933
2.221
1.859
1.607
1.722
r
1.156
1.327
1.323
1. 279
1.947
' 2. 244
' 1. 874
'1.612
' 1. 727
' 1. 948
' 2. 255
* 1.869
'1.622
'1.736
'1.958
2.277
1.880
'1.634
' 1. 743
1.932
2. 032
1.629
1.886
1.261
1 211
' 1. 944
' 2. 037
* 1. 647
' 1. 899
' 1.269
T
1.225
'1.978
' 2. 080
' 1. 647
'1.893
' 1. 279
1.232
' 1. 995
2.102
' 1.657
1.924
1.283
1.230
' 1. 682
2. 194
' 2. 222
'1.695
' 2. 182
' 2. 234
1.695
2.215
2.219
r
1. 889
' 1. 462
' 2. 121
' 1. 927
r
2. 163
' 1. 957
'1.472
' 2. 124
'1.934
' 2. 170
1.951
1.480
2.128
1.927
2.182
' 1. 541
1.453
1.449
r
1.690
1.544
1.450
1.443
' 1.692
1. 550
1.451
1.452
1.703
r
895
r
1.567
r
r
1 018
1.339
1. 438
r
T
.801
.901
1. 051
.79
.66
r
1.575
' 1 031
' 1.344
'1.454
.806
v 1. 322
* 1. 527
v 1. 966
p 1. 649
v 2.019
p 1. 683
v 1. 273
1.573
1 034
1.355
1. 463
.806
908
916
' 1. 059
1.064
1 608
2 629
78
1 615
2 648
a g2
FINANCE
BANKING
Acceptances and commercial paper outstanding:
Bankers' acceptances
_ _ _. mil. of dol
Commercial paper
__
do._.
Agri cultural loans outstanding of agencies supervised by the Farm Credit Administration:
Total
mil. of dol.Farm mortgage loans total
do
Federal land banks
do
Land Bank Commissioner
do
Loans to cooperatives
... __
do
Short-term credit
do
Bank debits, total (141 centers)
New York City
Outside New York City
do
do
do
Federal Reserve banks, condition, end of month:
Assets, total
_
mil. of dol
Reserve bank credit outstanding, total... do
Discounts and advances
do
United States Government securities- .-do
Gold certificate reserves
do
Liabilities, total ..
. .
do
Deposits, total
_.._
.do
Member-bank reserve balances
do
Excess reserves (estimated)
_
do
Federal Reserve notes in circulation
do
Reserve ratio
percent..
279
240
335
259
374
286
397
308
383
312
305
546
331
519
1,861
989
946
43
350
522
1,816
980
931
49
246
589
246
606
251
606
1,838
988
941
47
269
582
107, 113
43, 781
63,332
98, 509
38, 757
59, 752
115,490
50, 067
65, 423
110, 106
44, 910
65, 196
111,974
43, 837
68, 137
110, 132
43, 740
66, 392
125, 435
52 590
72, 845
123, 224
48 207
75, 017
101,417
39 067
62, 350
129, 112
53 171
75, 941
114, 898
45 477
69, 421
116,571
45 375
71, 196
120, 698
48 588
72, 110
44, 284
18, 703
43
18, 331
22, 982
44, 284
18,316
15, 934
436
22, 921
55.7
43, 804
18, 466
219
17, 969
22, 886
43, 804
18, 139
16, 129
595
22, 841
55.8
44, 049
18, 820
82
18, 356
22, 389
44, 049
17, 912
15, 989
219
22, 947
54.8
45, 604
20, 340
72
19, 572
22, 235
45 604
19, 197
16, 709
888
22, 997
52.7
44 826
19, 798
116
19, 252
22, 045
44 826
18, 398
16, 514
589
23, 075
53.2
45 448
20, 638
161
19, 693
21, 798
45 448
18 682
16, 763
645
23, 397
51.8
47 172
22, 216
67
20, 778
21,458
47 172
19' 810
17, 681
1 172
23, 587
49.4
47 738
23, 051
798
21, 484
21, 160
47 738
20 998
18, 984
937
23, 026
48.1
47 368
23, 188
398
21,881
20, 852
47 368
2o' 704
19' 066
700
23, 110
47.6
47 978
24, 150
275
22, 910
20, 567
47 978
21 450
19, 014
647
23,041
46.2
46 883
23, 560
283
22, 742
20, 567
46 883
20 748
18, 901
452
23, 143
46.9
47 174
23,' 481
529
22, 509
20, 508
4 7 1 74.
47 634
24^ 043
53
22, 982
20, 514
a
' Revised. » Preliminary.
fRevised series. See note marked "f"on p. S-ll.
Rate as of July 1, 1951.
§Rates as of July 1, 1951: Common labor, $1.629; skilled labor, $2.688. *New series. Comparable data prior to January 1948 are not available.
279
331
2 097
1 012
20 381
18, 536
47 AQ4
90 PiQS
19, 020
r QQA
23, 332
46.9
23, 630
46.4
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
August 10r,l
1950
June
August
July
1951
September
October
November
December
January
February
March
April
May
June
FINANCE—Continued
BANKING— Continued
Federal Reserve weekly reporting member banks,
condition, Wednesday nearest end of month:
Deposits:
Demand, adjusted
mil. ofdol
Demand, except interbank:
Individuals, partnerships, and corporations
mil. of doL.
States and political subdivisions
do _
United States Government
do_ ...
Time except interbank, total
do
Individuals, partnerships, and corporations
mil. ofdol..
States and political subdivisions
do
Interbank (demand and time)
_
do
Investments, total _ . _ _ _ _ do .U. S. Government obligations, direct and
guaranteed, total
_ mil. of dol
Bills
do
(Certificates
do
Bonds and guaranteed obligations _ do_ __
Notes
do
Other securities
.
__
do
Loans, total
_ _ _ _ _ _
do
Commercial, industrial, and agriciiltural.do
To brokers and dealers in securities
do
Other loans for purchasing or carrying securities
mil. of dol. _
Real-estate loans
do
Loans of banks
do
Other loans
_
._
do
Money and interest rates:d"
Bank rates on business loans:f
In New York City
percent. _
Discount rate (N. Y. F. R. Bank)
do
Federal land bank loans _ _ _ _ _ do
Federal intermediate credit bank loans
do
Open market rates, New York City:
Acceptances, prime, bankers', 90 days
do
Commercial paper, prime, 4-6 months do
Time loans, 90 days (N. Y. S. E.)
_do
Call loans, renewal (N. Y. S. E.)
. do
Yield on U. S. Govt. securities:
3-month bills §
do
3-5 year taxable issues
_ do
'Savings deposits, balance to credit of depositors:
New York State savings banks
mil. of dol
U.S. postal savings
__ .. _ __ do
47, 972
48, 264
48, 995
49, 238
49,471
50, 546
51, 642
51, 220
50, 649
49, 487
50, 163
50, 034
41), 916
47, 925
3, 611
2,350
15, 552
48, 555
3, 443
1,946
15, 387
49, 368
3. 321
2,390
15, 331
50, 198
3,245
2,338
15,329
50, 445
3.362
1,805
15, 292
51, 305
3.371
1,624
15, 242
53, 518
3,393
1, 572
15, 346
51, 760
3,657
1,622
15, 250
51,813
3, 640
2,588
15,324
50, 104
3,489
4,622
15, 379
50, 257
3, 950
3,520
15, 338
50, 591
3, 857
3,005
15, 362
50, 500
3, 589
4, 679
15, 539
14, 768
652
10, 098
42, 376
14,613
638
10, 345
41, 466
14, 535
663
10, 125
41,317
14, 537
662
10, 285
40, 265
14,513
653
11,032
39, 850
14, 475
642
10, 854
39, 337
14, 578
642
12,956
39, 795
14, 533
689
10,818
38, 039
14, 495
703
10,783
37,312
14, 555
697
10, 384
37, 491
14, 477
732
10, 669
37, 447
14, 485
746
10, 157
36, 941
14, 661
743
10, 422
37, 758
36, 638
2, 641
2, 916
24, 433
6, 648
5,738
25, 584
13, 602
1,717
35, 496
1, 831
2,134
24, 513
7,018
5, 970
26, 381
14, 022
1,934
35, 082
2,297
1,359
23, 539
7,887
6, 235
27, 253
14, 739
1,427
33, 845
2,391
1, 156
22, 426
7,872
6,420
28, 502
15, 725
1,487
33, 535
2,481
1,048
22, 246
7,760
6,315
29, 387
16, 476
1,355
32, 984
2,044
1,124
22, 114
7,702
6,353
30, 586
17, 084
1,671
33, 294
2,470
31, 557
1, 651
30, 791
1,577
30, 886
1,933
30, 836
1,971
30, 443
1, 769
21, 573
9,251
6, 501
31,417
17, 859
1,578
21, 205
8,701
6, 482
31, 541
18,120
1,554
20, 830
8,384
6,521
32, 189
18, 733
1,498
20, 744
8,209
6, 605
32, 707
19,202
1,512
20,715
8,150
6, 611
32, 661
19, 186
1,359
20, 527
8,147
6, 498
32, 428
19,048
1, 332
31, 176
2, 745
1, 585
19, 478
7, 368
6, 582
32, 877
19, 220
1,399
652
4,682
405
4,912
676
4,815
214
5,111
743
4,938
358
5,439
718
5,035
339
5,590
728
5,126
312
5,786
792
5,213
377
5,845
750
5,280
510
5,877
754
5, 299
317
5,946
748
5,331
412
5,910
718
5, 369
425
5,930
727
5,419
491
5,935
717
5,476
382
5,928
716
5, 530
523
5,947
1.75
4.08
2.00
1.75
4.08
2.00
2.51
2.87
3.28
1.75
4.08
2.00
1.75
4.08
2.03
1.75
4.08
2.03
2.74
3.02
3 42
1.75
4.08
2.06
1.75
4.08
2.17
1.75
4.08
2.23
2.78
3.04
3.52
1.75
4.08
2.23
2.34
2.67
3.22
1.50
4.08
2.00
1.50
4.08
2.00
1.75
4.08
2.00
2.32
2.63
3.13
1.75
4.08
2.00
1.06
1.31
1.63
1.63
1.06
1.31
1.63
1.63
1.16
1.44
1.63
1.63
1.31
1.66
1.63
1.63
1.31
1.73
1.63
1.63
1.31
1.69
1.63
1.63
1.31
1.72
1.63
1.63
1.39
1.86
'2. 00
2.00
1.50
1.96
'2.00
2.00
1.63
2.06
-•2.00
2.00
1.63
2.13
'2.00
2.00
1.63
2.17
'2.25
2.15
1.63
2.31
2.25
2.25
1.174
1.47
1.172
1.45
1.211
1.45
1.315
1.55
1.329
1.65
1.364
1.62
1.367
1.64
1.387
1.66
1.391
1.67
1.422
1.86
1
1.520
2.03
1.578
2.04
1.499
2.00
11,512
3,097
11,476
3,061
11, 448
3,021
11, 462
2,991
11, 464
2,967
11, 525
2,947
11, 646
2,924
11,635
2,901
11, 625
2,877
11,648
2,852
11, 662
2, 831
11, 710
v 2, 807
11, 821
v 2, 785
18, 295
12, 598
7,343
3,994
18, 842
13,009
7,613
4,107
19,329
13,344
7,858
4,213
19,398
13,389
7,879
4,227
19, 405
13, 306
7,805
4,175
20, 097
13, 459
7,904
4, 126
19, 937
13, 252
7,694
4, 056
19, 533
13, 073
7,521
3,990
19, 379
12, 976
7,368
3,946
19, 124
12, 902
7,270
3,934
p 19, 193
p 12, 906
p 7, 243
P 3, 980
p 19, 224
p 12, 925
p 7, 223
p 4, 041
1,081
976
597
695
1,123
998
658
727
1,159
1,028
702
756
1,170
1,019
705
758
1,172
1,003
702
753
1,245
1,029
710
794
1,201
982
694
761
1,162
956
677
736
1,133
924
655
710
1,103
905
636
692
p 1, 080
P890
^616
*>677
P 1,051
P874
^597
*>660
5,110
2,233
474
275
187
5,255
2,316
495
282
192
5,396
2,401
514
290
197
5,486
2,462
524
295
201
5, 510
2,460
524
294
201
5,501
2,435
521
292
200
5,555
2,431
525
291
203
5,558
2,438
518
289
202
5, 552
2, 441
515
286
202
5,608
2,476
517
286
204
5, 632
2, 497
514
286
205
p 5, 663
P 2, 506
P 518
P288
P207
p 5, 702
P 2, 515
P522
816
978
147
826
995
149
835
1,009
150
844
1,010
150
853
1,026
152
863
1,037
153
864
1,084
157
863
1,090
158
856
1,094
158
853
1,112
160
850
1,119
161
P851
p 1,131
P162
^853
p 1, 151
p 164
3,392
1,116
1,038
3,527
1,133
1,037
3,636
1,157
1,040
3,741
1,197
1,047
3,703
1,250
1,056
3,739
1,298
1,062
4, 239
1,332
1, 067
4,248
1, 352
1,085
4,010
1,369
1,081
3, 938
1,381
1,084
3,744
1,392
1, 086
p 3, 793
P 1, 398
P 1, 096
P 3, 812
P 1, 395
p 1, 092
379
93
46
34
175
381
84
45
32
166
387
88
46
33
166
356
76
40
32
149
298
66
39
28
149
257
64
34
27
165
289
72
37
29
234
326
67
39
28
162
296
64
35
27
158
368
79
43
33
207
340
72
41
31
184
p 359
p356
P85
P44
*35
P204
CONSUMER CREDIT
Total consumer credit, end of monthQ.mil. of dol_. 17,651
12, 105
Instalment credit, total
_ . _ _ _ do
6,995
Sale credit, total
_
do
3,790
Automobile dealers.- __ _ _ _
do
Department stores and mail-order houses
1,032
mil. of dol__
947
Furniture stores
do
561
Household-appliance stores
do
Jewelry stores
do
}
665
All other retail stores
_ do
Cash loans, total
do
Commercial banks. __ _ _ _ . _ _ _ do
Credit unions
do
Industrial banks
do
Industrial-loan companies _
do
Insured repair and modernization loans
mil. ofdol..
Small-loan companies
do
Miscellaneous lenders..
do
Charge accounts
Single-payment loansO .
Service credit __
_
__
do
do
do
Consumer instalment loans made during the month,
by principal lending institutions:
Commercial banks
mil. ofdol
Credit unions
do
Industrial banks.
...
... do
Industrial -loan companies
_do
Small-loan companies
_
do
r
T
r
r
r
r
T
p 44
p33
p 198
P209
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
3,184
3,289
4,842
2,300
4,474
4,621
4,820
8,811
4,039
7, 603
2,148
3,238
4,776
Receipts, total
mil. ofdol
8,112
4,605
2,056
2,851
7,089
4,211
4,257
4,404
4,448
2,626
3,146
1,881
2,860
Receipts, net.
do
54
59
48
54
49
39
52
57
54
53
47
57
40
Customs
do
3,851
1,232
2,108
3,947
2,250
3,538
3,538
7,818
3,074
6, 611
1,291
3,875
2,423
Income and employment taxes 9 - do
775
764
838
719
737
808
746
853
797
714
690
747
948
Miscellaneous internal revenue
do_
122
144
133
173
96
164
223
140
129
73
117
123
146
All other receipts
do
2
3,211
3,170
3,742
3,808
4,058
5, 969
3,013
3,520
3, 102
2, 515
4,007
4,517
4,296
Expenditures, total!
do
229
142
156
134
646
968
514
580
1, 557
163
271
253
1,611
Interest on public debt
do
402
460
472
384
426
456
449
466
470
443
425
427
465
Veterans Administration
_
do
1,510
1,338
1, 446
1,651
2,396
p 2, 49,c
1,149
1,037
1,695
2,057
1,024
2, 160
998
National defense and related activities}:, .do
1,435
1.142
808
1,171
934
965
1,533
1, 532
1,269
1,045
1,222
766
1,167
All other expenditures J
do
f2 Revised.
P Preliminary.
i Beginning April 1, 1951, includes 1 Ji percent note of March 15, 1955, \% percent note of December 15, 1955, and 2^ percent bond of March 15, 1956-5!
Data reflect a reduction of $1,746,000, representing net investments of wholly owned Government corporations and agencies in public debt securities which were classified as expend
tures in July-October.
cf For bond yields see p. S-19.
fRevised series. Annual averages for 1939-48 on the new basis are available upon request.
§Revised to reflect yields on bills issued rather than on bills announced; comparable data for January 1947-November 1949 are available upon request.
©Revised beginning 1929 to exclude nonconsumer single-payment loans; data prior to October 1949 are available upon request.
9 Revised beginning January 1950 to include employment taxes formerly shown separately. ^Revisions for total budget expenditures (June 1948-January 1949) are shown at bottom
P . S-14 of the April 1950 SURVEY;" those for national defense and all other expenditures (July 1948-February 1949) , on p. S-17 of the September 1950 SURVEY.
SUEVEY OF CURRENT BUSINESS
August I!)")!
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-17
1950
July
June
August
September
1951 '•
October
November
December
January
256, 708
254, 282
220 575
33, 707
2,425
256, 125
253, 704
219 712
33, 992
2,421
February
March
April
May
June
254, 727
252, 280
218 690
33. 590
2 447
255, 093
252, 729
218 680
34, 049
2 364
255,
252,
218
34,
2
FINANCE—Continued
FEDERAL GOVERNMENT FINANCE— Con.
Public debt and guaranteed obligations:
Gross debt (direct), end of month, total
mil. of dol__
In terest-bear ing, total
do
Public issues
do
Special issues _
do
Noninterest bearing
_
_ _
_do -_.
Obligations guaranteed by U. S. Government,
end of month _ _
mil. ofdol
U . S . savings bonds:
Amount outstanding, end of month
do
Sales, series E, F, and G __.
do
Redemptions
do
257, 357
255, 209
222, 853
32, 356
2,148
Privately owned interest _ _
U. S. Go verment interest
.
257, 216
254, 968
221, 572
33, 396
2,247
256, 937
254, 731
221. 191
33, 539
2,206
257, 077
254, 887
221 156
33", 732
2 189
255, 941
253, 382
219 448
33, 933
2,559
254, 997
252, 553
219 028
33, 525
2,218
222
852
198
0,53
370
20
16
18
20
22
24
24
18
18
21
21
29
29
57, 655
417
57, 451
350
57, 473
310
58. 027
971
58, 096
436
448
58, 248
541
509
58, 191
476
653
58, 133
386
528
58, 020
359
560
57, 938
310
583
57, 842
295
477
57, 784
289
475
450
505
537
24,118
12, 502
3, 773
1,316
475
497
24, 102
12, 769
3,684
1,387
6,116
6,103
2,186
2,101
3,483
2,924
923
1,739
2,112
3,478
2,931
1,073
24, 635
13 228
3,884
1 528
110
458
(i)
824
6,078
531
1,774
2,075
3,473
2,945
1,141
2,238
2,097
2,406
2, 500
18
774
19
23
1,190
1, 193
19
1 247
1 234
234
21, 995
268
22, 337
113
515
3
451
113
539
2
708
485
__
498
1,108
1,446
970
201
_ do
do
._
257, 874
255, 764
223. 059
32, 705
2,110
57, 029
398
Government corporations and credit agencies:
Assets, except interagencv, total
mil. of dol__
Loans receivable, total (less reserves)
do
To aid agriculture
___
_ _ _ _ do _
To aid home owners
do
To aid railroads
do
T o a i d other industries _ _
do _
To aid banks
do
To aid other financial institutions _ _ do
Foreign loans
_
_
d o _
All other
do
Commodities, supplies, and materials
do
U. S. Government securities
do_ Other securities
do
Land, structures, and equipment
do _
All other assets
do
Liabilities, except interagency, total._ do
Bonds, notes, and debentures:
Guaranteed by the United States _ _ do
Other
do
Other liabilities
__
__do
257, 541
255, 403
222, 884
32, 518
2,138
214
21, 679
Reconstruction Finance Corporation, loans and
securities (at cost) outstanding, end of month,
total
_ _ _
mil. of dol
Industrial and commercial enterprises, including
national defense mil. of dol
Financial institutions _ _ _
do
Railroads
_
_ _ _ _ _ do_
States, territories, and political subdivisions do
United Kingdom and Republic of the Philippines
mil. of dol_Mortgages purchased _ _ _ _ _ _ _ _ _
do
Other loans_ _
_ _
do__
21, 791
2
25, 104
13 496
3,931
1 721
108
473
(i)
7GO
6, 116
564
1 764
2, 162
3 467
2 951
1 264
2
2,085
2,113
2,166
2 1, 009
2 ggg
2893
890
'884
518
110
110
25
525
109
110
25
535
108
110
25
518
105
111
24
515
105
111
24
426
103
108
23
436
103
108
23
439
102
106
22
439
99
106
22
125
118
297
36
113
294
36
108
293
36
97
292
36
2
36
128
1,156
37
126
1,180
36
1,227
997
95
90
36
2
93
90
36
2
883
2 885
2 882
447
98
106
20
458
97
105
20
462
95
104
20
87
89
36
2 86
84
36
81
2 83
36
2
LIFE INSURANCE
Assets, admitted:
All companies (Institute of Life Insurance), estimated total
mil. of dol__
Securities and mortgages
do
49 companies (Life Insurance Association of
America), total.
mil. of dol__
Bonds and stocks, book value, total
do
Govt. (domestic and foreign), total
do
U. S. Government _
do
Public utility
do
Railroad
_
do
Other
do
Cash
_ _
do
Mortgage loans, total
_ _
do
Farm
do
Other
_
Policy loans and premium notes
Real-estate holdings
.
Other admitted assets
do
_
do
do
do
Life Insurance Agency Management Association:
Insurance written (new paid-for-insurance) :
Value, estimated total
mil. 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
Institute of Life Insurance:
Payments to policyholders and beneficiaries,
estimated total
thous. of dol_.
Death claim payments
do
Matured endowments _ __
do
Disability payments
_.
do
Annuity payments
do
Policy dividends _
do
Surrender values,
do
T
61, 307
55, 311
61, 679
55, 675
61, 988
55, 909
62, 370
56, 224
62, 706
56, 334
63, 022
56 652
63, 699
57, 158
64, 296
57 592
64, 539
57 881
64, 822
58 060
65, 156
58 309
65, 496
58 759
65, 727
59 085
54, 473
' 37, 709
15, 389
'r13, 259
9, 749
' 2, 951
' 9, 620
'793
'11,615
* 1,079
»• r10, 536
1, 990
r
1, 175
' 1, 192
54, 811
37, 781
15, 366
13, 242
9,806
2,948
9,661
55, 078
37, 731
15, 170
13,011
9,900
2,961
9,699
55, 381
37, 758
15,045
12, 839
9 943
2 973
9 797
55, 669
37. 548
14, 687
12, 502
10 042
2,988
9 831
12, 302
1 110
11 192
2,036
1 228
1,346
12, 570
1 125
11 445
2,047
1,244
1, 412
56, 886
37, 593
14,064
11 865
10 192
3 Oil
10 325
863
13 573
1 170
12 403
2' 078
1 286
1 493
57, 131
37, 577
13 916
11 718
10 225
3 005
10 431
792
13 848
1 196
12 652
2' 089
l' 296
1 529
57, 362
37, 414
13 514
11 307
10 303
3' 008
10 589
908
14 141
1 218
12 92°
2 107
1 304
1 488
57, 894
37, 455
13 021
10 787
10 376
3' 017
n ' n<n
804
14 675
1 263
13 412
i 133
1 321
l' 506
58, 091
37, 486
12 741
10 480
10? 457
3 024
12, 064
1,099
10, 965
2,024
1,216
1,317
56, 519
37, 676
14, 221
12, 023
10 187
2 998
10 270
' 789
13 252
1 148
12 104
2 067
1 278
1 457
57, 641
37, 342
13 147
10 927
in ^n
11,821
1,085
10, 736
2,009
1,207
1,267
55, 932
37, 522
14 414
12 218
10 092
2 987
10 030
799
12 866
1 136
11 731
2 056
1 259
1 429
2,303
431
2,325
515
2,540
349
2,468
617
1,777
117
1,440
89
2,692
881
455
1,356
95
333
293
120
147
60
111
47
150
2,973
1 142
' 389
1,442
94
323
300
146
162
56
129
59
174
2, 068
333
395
1,340
105
336
281
120
147
52
115
45
139
2, 354
649
494
1,282
92
318
973
114
147
49
110
43
137
2, 463
429
486
I, 548
107
381
326
137
1 70
57
143
2,284
316
466
1,502
100
2,428
411
50 5
1, 512
96
368
324
133
2, 295
343
47 C
1,477
qq
294
302
140
177
64
135
55
183
2,595
700
500
1, 395
95
320
299
128
162
65
121
48
158
280, 449
115 933
35 834
8 542
19 077
48 456
52. 607
304. 642
141 539
40 964
8 ?82
21 056
42 439
50. 362
305, 847
136 412
40 493
8 381
21 253
43 378
55' 930
370, 946
157 309
50 856
9 487
27 999
66 004
59 991
304, 142
129 006
41 556
7 959
22 573
49' 887
366. 291
1 53 724
47 349
g' g82
r
r
454
1,418
96
324
292
128
168
60
134
50
165
330, 149
133, 973
48, 117
8,583
21 568
57, 664
60, 244
726
413
1,397
96
312
284
127
175
62
125
51
165
277, 771
117, 588
36, 949
7,462
21 183
44 147
50, 442
725
414
361
346
169
239
84
185
64
212
302, 338
131 433
38 190
8,658
21 090
45 943
57, 024
712
411
848
345, 502
137 352
39 566
8 222
18 131
87 922
54: 309
53 1P.1
Q77
14 397
1 239
1q ice
2119
1 "31 1
1 495
qCQ
qoo
126
KQ
1 ^fi
58
135
n
opq
7« c
14 921
1 283
10 fj39
2145
1 323
l' 450
qc.fi
qi c
134
1 (\(\
CO
•too
CK
AO
336, 397
338, 335
338, 256
4o 7oc
A q i 70
8 S4.fi
Kf
169
99 fiP.Q
71 371
F,9 47fi
Revised, i Less than $500,000.
2 Excludes holdings of the Federal National Mortgage Association; this agency was transferred to the Housing and Home Finance Agency on Sept. 7, 1950.
q nft^i
in ft°.Q
8
001
ss qno
cq qqn
fin 94Q
K7 9Q«
SURVEY OF CURRENT BUSINESS
S-18
August 1951
1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June
July
August
September
1951
October
November
December
January
February
March
April
May
June
591, 532
60, 565
71, 275
48, 500
80, 391
330, 801
489, 571
47, 472
69, 653
43, 044
64, 519
264, 883
525, 553
61, 935
64, 029
42, 184
65, 808
291, 597
548, 412
51, 957
59, 088
42, 243
82, 265
312, 859
23, 627
23, 483
23, 249
24, 136
22, 706
23, 037
22, 392
21, 806
22, 086
-89, 969 -431, 378 -65, 889 -146,220 -35,311 -237,935 -248, 540 -184, 357 -111,239
46, 368
4.069
108, 448
95. 967
95, 825
161, 750
125, 704
62, 824
110, 136
4,146
11,998
2,519
2,556
2,833
2., 242
3,117
2,240
2,257
' 64, 937 ' 67, 430 ' 65, 605 ' 67, 026 65, 546
63, 358
39, 425
38, 443
38, 306
38, 969
37, 138
37, 951
37, 674
37, 815
35, 594
13, 177
12, 771
12, 893
13, 190
13, 258
13, 407
13, 107 ' 12, 148 ' 13, 034
7,890
7,846
6,960
7,078
8,170
5,784
7,545
5,917
5,196
21, 805
101,914
112, 842
2,245
21, 755
-12, 947
43, 357
' 2, 398
p 21, 756
46, 270
40, 308
3,840
'273
'7,015
.902
1,219
16, 828
.884
FINANCE—Continued
LIFE INSURANCE—Continued
Life Insurance Association of America:
Premium income (39 cos.), total
thous. of doLAccident and health
do
Annuities
do
Group
-- do
Industrial
do
Ordinary
do _ _
539, 208
38, 584
72, 477
39, 351
75, 220
313, 576
442, 303
34, 505
67, 160
35, 432
61,966
243, 240
477, 976
43, 025
54, 865
42, 113
66, Oil
271, 962
476, 122
38, 796
48, 948
30, 101
75, 080
283, 197
452, 453
46, 545
53, 741
38, 507
64, 925
248, 735
491, 850
43, 806
64, 141
37, 849
63, 386
282, 668
757, 998
67, 596
180, 356
60, 672
111.091
338, 283
550, 671
44, 905
106, 132
49, 667
77, 056
272, 911
511,135
49, 579
68, 709
44, 655
67, 666
280, 526
MONETARY STATISTICS
Gold and silver:
Gold:
24, 231
Monetary stock. U. S
mil. of doL_
Net release from earmark§
thous. of doL_ -17. 627
2, 246
Gold exports
- do. _ _
12, 274
Gold imports
do
' 66, 195
Production reported monthly total t
do
38, 940
Africa
do
12, 913
6,645
United States
do
Silver:
1,219
Exports
do
6,126
Imports
do
.728
Price at New York
dol. per fine oz Production:
1,968
Canada (incl. Newfoundland)^ thous. of fine oz,_
4,400
M^exico
do
2,669
United States
do
Money supply:
27, 156
Currency in circulation
mil. of dol
Deposits, adjusted, all banks, and currency outside banks, total©
mil. of doL_ 173, 765
25, 185
Currency outside banks
do
Deposits, adjusted, total, includingm U. S. de148, 580
positsO
il of dol
85, 040
Demand deposits, adjusted, excl. U. S. - do
59, 739
Time deposits, incl. postal savings
do
Turn -over of demand deposits, except interbank and
U. S. Government, annual rate:
30.7
New York Citv
ratio of debits to deposits _
20.2
Other leading cities
do
12, 689
5,529
375
10, 408
.728
425
8,904
.728
334
17,371
.728
335
12, 350
.751
947
13, 870
.800
2,246
10, 602
.800
3,623
10, 999
.887
282
8,101
.902
1,932
7,674
.902
332
10, 016
.902
2,286
3,300
4,102
2,282
4,000
3,660
2,164
4,000
4,222
2,398
4,400
2,747
1, 854
4,300
3,433
1,879
4,000
3,939
2,015
' 5, 545
3,769
1,589
' 5, 249
3,374
1,755
' 1, 903
4,371
3,429
3,482
27, 010
27, 120
27, 161
27, 228
27, 595
27, 741
27, 048
27, 188
27, 119
27, 278
27, 519
p 27, 805
173, 900
24, 400
174, 800
24, 500
175, 100
24, 500
175, 900
24, 600
176, 900
24, 900
179,906 p 178, 000 p 179, 000 p 178, 900 p 179, 100 p 178, 500
25, 398 p 24, 600 p 24, 600 p 24, 400 P 24, 600 p 24, 900
p 180, 500
p 25, 000
149, 500
86, 500
59, 400
150, 300
87, 400
59, 100
150, 600
88, 000
59, 000
151,300
89, 200
59, 000
152, 000
90, 300
58, 700
154, 508 p 153, 400 p 154, 400 p 154,500 P 154, 500 p 153, 600
92, 272 p 91, 600 p 90, 600 p 89, 000 p 89, 500 p 89, 500
59, 247 P 59, 000 p 59, 000 p 59, 100 p 59, 200 P 59, 300
p 155, 500
p 89, 500
p 59, 800
31.0
20.3
33.8
19.9
34.2
21.5
30.7
20.9
31.4
21.7
37.2
23.0
32.9
22.0
30.7
21.5
35.5
22.5
1,468
32.5
22.3
' 30. 0
21.3
1,064
920
918
660
29
228
2
144
144
80
61
4
1,161
946
865
398
60
407
80
215
215
13
198
4
34.4
22.2
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Federal Reserve):*
Profits after taxes totil (200 cos )
mil of dol
Durable goods total (106 cos )
do
Primary met'als and products (39 cos.j__do
Automobiles and equipment (15 cos )
do
Food and kindred products (28 cos ) do
Chemicals and allied products (26 cos.) -do
Dividends total (200 cos )
Durable soods (106 cos )
do
do
Electric utilities, profits after taxes (Fed. ~Res.) 9
mil. of doL.
Railways and telephone cos. (see p. S-23).
1,046
693
225
93
330
353
58
141
95
393
218
175
1,245
777
255
108
358
468
88
176
131
583
370
213
958
576
206
140
186
382
59
127
130
873
541
333
p 898
P530
P201
p 92
P 196
P368
p 52
P 134
p 123
P467
P269
P 198
212
171
211
j>229
SECURITIES ISSUED
Commercial and Financial Chronicle:
Securities issued, by type of security, total (new
capital and refunding)
mil. of dol
New capital total
do
Domestic, total
do
Corporate
do
Federal agencies
do
Municipal, State, etc
do
Foreign
do
Refunding total
do
Domestic, total
do _
Corporate
do
Federal agencies
do
Municipal State, etc
do
1,285
954
949
598
18
334
330
330
276
35
20
579
505
505
292
8
204
0
75
75
21
53
1
795
555
529
263
0
265
26
240
190
134
48
8
943
707
687
270
145
272
19
236
219
20
193
6
794
651
646
465
0
181
5
143
77
77
63
3
752
598
584
229
0
356
14
154
154
74
65
14
840
630
630
394
98
138
0
210
210
103
79
28
519
442
436
242
41
154
6
77
77
13
45
19
834
649
594
365
48
181
5
184
184
27
154
3
1,233
1,022
1,001
795
48
158
21
211
180
82
88
10
Securities and Exchange Commission:t
1,534
1,239
1,236
1,454
2,305
1,947
1,514
3,951
1,740
' 1, 516 ' 1, 757
1,126
1,180
Estimated gross proceeds, total
.
do
By type of security:
1,480
1,159
1,160
1,754
2,051
1,383
1,412
' 1, 220 ' 1, 646
1,545
3,723
1,084
1,112
Bonds and notes, total
_ _
do_
343
329
245
341
809
332
814
466
341
'528
'637
597
206
Corporate
_ __
..do
18
47
48
88
23
160
59
143
'196
89
152
34
34
Common stock
do
36
30
30
106
48
93
43
52
100
'22
34
76
8
Preferred stock
_
do
By type of issuer:
397
322
408
526
1,063
412
569
1,009
'824
274
'748
825
383
Corporate, total
_
do
55
72
179
72
176
137
304
169
'411
38
65
'388
367
Manufacturing*
do
215
164
555
58
160
238
175
155
'284
134
222
'213
253
Public utilityt
_ _ _ _ _ do
39
10
19
19
77
10
20
70
44
30
14
26
26
Railroad
do
2
10
7
15
65
20
16
426
'24
5
2
4
3
Communication*
do
39
34
29
127
27
42
31
20
'36
'50
28
40
124
Real estate and financial _ _ _
do
1,137
831
1,242
913
1,042
'692
1,422
945
742
731
' 1, 009
906
3, 126
Noncorporate, total
_
do
773
531
706
655
520
882
1,228
502
451
777
581
2,830
U. S. Government
do
730
299
205
279
189
384
162
359
175
'234
State and municipal
do
185
343
166
284
' Revised.
p Preliminary.
§Or increase in earmarked gold (—).
{Revisions for January-May 1950, respectively, for total gold production (mil. of dol.) are: 64,009; 60,098; 66,415; 63,029; 65,573. Revisions for 1948' April 1949 and January-March 1950 for securities issued (SEC data) are available upon request.
cf Monthly data for 1949, revised to include production in Newfoundland, are available
upon request; January-April 1950 figures as previously published include such production.
QU. S. Government deposits at Federal Reserve banks are not included.
*New series. Data on profits and dividends cover large manufacturing corporations (total assets end of 1946, $10,000,000 and over); quarterly averages for 1939-48 and quarterly data for
1946-March 1948 are shown on p. 23 of the June 1950 SURVEY. Data on securities issued for manufacturing and communication for January 1948-May 1949 are available upon request.
9 Revisions for 1946-48 are available upon request.
fRevised series. Data (covering electric, gas, and water companies) are available beginning January 1948.
SURVEY OF CURRENT BUSINESS
August 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-19
1951
1950
June
July
August
September
October
November
December
January
February
March
May
April
June
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission! — Continued
New corporate security issues:
Estimated net proceeds, total
__mil. of dol__
Proposed uses of proceeds:
New money, total
_
do Plant and equipment
_ do _ _
Working capital
do
Retirement of debt and stock, total. _do
Funded debt
do
Other debtdo
Preferred stock
do
Other purposes. _
do
Proposed uses by major groups:
Manufacturing, total*
do
New money _
_ _ __ -do _
Retirement of debt and stock
do
Public utility, total f
do .
New money .__
_._
do_ _.
Retirement of debt and stock
do
Railroad, total
-do _
New money...
do
Retirement of debt and stock. . do ___
Communication, total*
do
New money
_ _ .do
Retirement of debt and stock
do
Real estate and financial, total
do
New money
do
Retirement of debt and stock
do
State and municipal issues (Bond Buyer):
Long-term
thous. of doL.
Short-term
do
1,049
318
392
399
514
406
562
269
378
994
'810
'739
812
618
450
169
377
305
66
6
54
214
148
66
45
20
23
2
60
222
180
42
152
136
10
5
19
300
243
57
62
23
31
8
37
306
256
50
177
68
92
17
31
306
189
117
88
51
24
13
12
345
242
103
168
83
84
1
49
243
193
49
25
12
11
2
2
314
243
71
57
28
27
2
6
845
699
146
121
68
53
'626
'504
'676
'487
' 189
'46
' 14
'26
'6
' 18
685
431
253
112
54
49
9
15
175
115
38
549
365
173
76
11
50
64
3
61
127
90
34
71
48
21
58
44
13
10
10
71
45
22
158
139
12
10
10
171
59
97
233
172
47
19
19
136
100
30
162
122
40
19
19
20
19
I
33
25
2
54
28
15
213
105
107
39
35
4
10
6
4
38
22
13
15
12
3
26
23
2
15
g
37
29
8
132
126
6
44
44
0
2
2
64
53
9
219
199
20
26
8
18
2
2
41
36
2
30
H
5
27
25
1
39
33
3
298
219
73
151
97
36
30
30
0
423
422
(i)
20
16
2
'384
'353
'20
'209
' 204
'3
14
14
0
5
2
29
23
5
166
119
43
173
140
33
69
13
56
4
4
361
314
42
249
234
13
26
26
0
3
2
(i)
123
73
49
361, 302
79 256
206, 855
136 896
322, 795
172 489
290, 006
39 798
229, 427
123 887
394, 581
202 771
170, 557
176 520
180, 040
115 289
205, 771
158 609
169, 623
89 529
237, 662
191 699
154
370
167
518
132
336
143
275
132
253
243
317
227
391
265
449
186
480
181
426
155
409
222
434
185
389
314
1,256
673
827
1 208
712
755
1 231
780
752
1 284
738
751
1 351
771
759
1 360
796
774
397
1 356
890
745
1 411
948
690
1 367
953
642
1 304
918
715
1 286
879
661
1 287
855
681
364
1 275
834
680
o
o
o
o
o
o
o
'122
rl29
r
13
'64
52
'55
o
28
'405
'301
'94
'278
'230
' 20
r
20
'20
o
r 4
' 24
'4
(i)
'50
' 37
r 24
(1)
'35
r 30
r 2
r 10
r
433, 960
r 162 557
283, 750
99 018
COMMODITY MARKETS
Volume of trading in grain futures:
Corn
Wheat. .
mil of bu
do
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. Members
Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)..
Customers' free credit balances
Money borrowed
_
mil. of dol
do
do
do
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.),
100. 94
total!
dollars.101. 25
98.72
101. 18
101.06
100. 82
99.30
100. 93
100. 90
101. 33
100. 83
97.86
98.28
Domestic. .
do
101.37
101 72
99 77
101 69
101 38
101 79
101 52
101 30
99 24
101 45
101 27
98 79
98 37
70 07
71 70
Foreign
do
73 92
71 71
72 56
71 94
71 71
72 56
74 05
70 41
71 85
71 88
n 70
Standard and Poor's Corporation:
Industrial, utility, and railroad (Al-f- issues):
Composite (17 bonds)*. -.dol. per $100 bond-122.0
121.5
121. 4
122.1
121.3
121.7
121.1
121.1
119.4
121.1
117.8
117.4
116.6
Domestic municipal (15 bonds)
do
131.0
131.1
134 8
135 2
137 0
135 5
137 4
140 5
140 7
131 9
136 4
131 1
128 6
102. 42
IT. S. Treasury bonds, taxable- _ _,
_ do
102. 24
102. 28
101. 90
101. 69
100. 28
101. 56
101. 44
101. 64
101. 53
98.93
97.62
97.90
Sales:
Total, excluding U. S. Government bonds:
All registered exchanges:
c* OAQ
Market value _
thous of dol
100 444
6Q 899
82 %2
106 848
68 654
72 842
112 608
76 914
97 580
77 203
77 833
106 614
Face value __
. _
do
113,114
132 672
100 627
84' 250
135 822
120 019
83 272
94 709
86 108
108 793
93' 748
80 270
63 267
New York Stock Exchange:
Market value
do
97, 466
103 389
65 795
80 533
110 023
95 099
70 081
74 646
74 563
74 681
104 014
67 378
51 192
77 OCQ
Face value _ _
do
109 088
128 381
80 272
97 044
132 186
91 786
79 406
116 476
90 132
105 659
82 658
New York Stock Exchange, exclusive of stopped
ce QQQ
sales, face value, total§
thous of dol
105 474
fi7 Q"! 4.
7fi n°.n
113 040
80 583
76 484
83 982
87 260
111 222
76 668
86 996
120 000
9
Q
1
o
U. S. Government .
do
10
12
12
37
23
13
1 946
l' 636
105, 464
Other than U. S. Government, total §
do
113,003
76, 472
80, 571
119, 999
111, 199
82, 346
87, 247
76, 659
86, 996
74, 084
67, 809
55, 399
Domestic
__
do
97 132
M °.Q1
f\7 41 °,
105 879
74 865
68 717
101 824
78 641
68 618
110 535
77 384
74 340
Foreign
.__ .
do
8,262
7' 044
7 740
5 688
9 355
8 602
9 446
9 592
8 009
7* 981
6 601
6 408
6 1 70
Value, issues listed on N". Y. S. E.:
i AA 94.7
Market value, total, all issues§
mi] of dol
124, 633
QQ Q7S
125 209
125 257
118 861
118 417
115 952
116 165
118 507
115 801
114 382
122, 957
Domestic _ _ _ _ _ _ _
. _ __
do
123 581
Qfi 1 f\1.
123 607
117 158
114 347
116' 802
114 541
116 870
112' 758
114 163
98 630
98 278
i 070
Foreign
do
1 421
1 °.fiQ
1 375
1 451
1 396
1 385
1 354
1 374
1 362
1 389
1 377
123, 471
Face value, total, all issues§
do
123, 660
123, 612
117, 618
114, 889
117, 441
117, 544
114, 808
114, 769
115,183
101, 692
101, 545
99, 958
Domestic _
do
121, 298
121 493
QQ 4.R9
121 437
115 409
112 716
115 334
115 367
112 643
112 605
113 019
1 007
Foreign
do
1 923
1 917
1 924
1 959
1 923
1 857
1 916
1 914
1 Q1 4.
Yields:
Domestic corporate (Moody 's)
percent _ .
2.87
2.90
2.85
2.86
2.88
2.88
2.88
2.86
2.85
2.96
3.09
3.07
3.16
By ratings:
2 65
Aaa
do
2 62
2 67
2 61
2 64
2 67
2 67
2 66
2 AA
no
Aa_
do
2.69
2 72
2 71
2 67
2 72
2 72
2 72
2 71
2 71
2
2
o no
2 91
A
do
2 92
2 90
9 °»Q
2 87
2 88
2 91
2
3. 21
o -17
Baa
do
3.28
3 32
3 23
3 21
3 22
3 20
3 22
3 1 f\
By groups:
o pc\
Industrial .
do
2.66
2 68
2 69
2 66
2 70
2 70
2 70
2 69
Public utility
do
2.81
2 87
2 83
2 80
2 84
2 85
2 86
2 85
2
2 QR
o no
Railroad
_ _ _ _ _
do
3 15
3 19
3 08
3 07
3 09
3 08
3 07
3.33
Domestic municipal:
Bond Buyer (20 bonds) _ .
do
2.00
1 7^
1 85
1 83
1 85
1 75
1 70
I
2.07
2. 21
Standard and Poor's Corp. (15 bonds)
do
2.09
2.09
1.90
1.88
1.82
1.79
1.77
1.62
1.61
1.87
2.09
2.05
2.22
U. S. Treasury bonds, taxable
do
2.33
2.34
2.33
2 36
2.38
2.39
2.38
2.39
2.40
2.47
2.56
2.63
2.65
r
Re vised.
i Less than $500.000.
^Revisions for 1948-April 1949 and January-March 1950 are available upon request.
nest6™" SGrieS' F°r S> E' °' data' SGe corresponding note on P- S~18- Bond Prices are averages of weekly data for high-grade corporate issues; monthly data beginning 1900 are available upon
t Re vised series. See corresponding note on p. S-18.
§Sales and value figures include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included also in computing average price
C
QQ
00
00
0
QC
RQ
00
QQ A
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
August 1051
1950
June
July
August
September
1951
October
November
December
January
February
March
April
May
Juno
FINANCE—Continued
SECURITY MARKETS—Continued
Stocks
Cash dividend payments publicly reported: %
Total dividend payments...
mil. of dol-.
Finance
do
Manufacturing
do
Mining
-- do
Public utilities:
Communications
_- .-do- _ _
Heat light and power
do
Railroad
—
do
Trade
_ _ _
_ do-Miscellaneous
_ _ do ._
Dividend rates, prices, yields, and earnings, 200
common stocks (Moody's):
Dividends per share, annual rate (200 stocks)
dollars. Industrial (125 stocks)
do
Public utility (24 stocks) f~
do.—
Railroad (25 stocks)
._ _ _
do Bank (15 stocks)
do
Insurance (10 stocks)
do
Price per share, end of month (200 stocks). .do
Industrial (125 stocks)
do
Public utility (24 stocks) f
do
Railroad (25 stocks)
_- do
Yield (200 stocks)
percent-Industrial (125 stocks)
do_ _
Public utility (24stocks)f
do
Railroad (25 stocks)
- - - -do.
Bank (15 stocks)
do
Insurance (10 stocks)
do
Earnings per share (at annual rate), quarterly:
Industrial (125 stocks)
dollars
Public utility (24 stocks) t
do
Railroad (25 stocks)
do
Dividend yields, preferred stocks, 11 high-grade
(Standard and Poor's Corp.)
percentPrices:
Dow- Jones & Co., Inc. (65 stocks) dol. per share. Industrial (30 stocks)
do
Public utility (15 stocks)
.- — - do
Railroad (20 stocks) - - do. _ _
Standard and Poor's Corporation:
Industrial, public utility, and railroad: §
Combined index (416 stocks) —1935-39= 100—
Industrial total (365 stocks)
- do
Capital goods (121 stocks)
do
Consumers' goods (182 stocks)
do
Public utility (31 stocks) ._ __ _ do
Railroad (20 stocks)
do
Banks, N. Y. C. (19 stocks)..
do
Fire and marine insurance (18 stocks) ..—do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
-mil. of dol__
Shares sold
thousands..
On New York Stock Exchange:
Market value
mil of dol—
Shares sold
.thousands. _
Exclusive of odd lot and stopped sales
(N Y Times)
- -thousands..
Shares listed, New York Stock Exchange:
Market value, all listed shares
mil. of dol__
Number of shares listed
millions..
895.8
73.4
547. 5
65.9
520.0
113.4
223.7
5.1
214.3
41.5
108.0
3.3
1,153.0
73. 6
798.5
76.6
496.4
87.6
220.8
5.9
242.1
38.0
129.1
2.5
2, 138. 7
198.8
1, 459. 3
139.1
494.1
105 9
174.0
4.0
214.2
39 5
105.2
1.8
1, 066. 2
70.9
688.3
77.1
516.4
83 1
204 3
8.0
209.5
40 1
107 9
1.4
1, lift. 3
76 K
729. (j
87 R
36.1
62.4
42. 1
46.0
22.4
66.7
55.3
9.4
36.1
10.3
.7
42.0
7.0
7.4
4.4
35.9
61.4
31.3
52.0
23.7
66.6
50.6
13.4
43.0
8.5
.6
43.4
15.1
8.3
5.1
39.8
75 3
91.4
87.4
47.6
72.2
49 5
12 8
64.9
10.8
.7
41 5
8 0
15 2
2.3
38.3
67 4
60 3
40 3
23.6
74.9
54 4
25 0
54.9
11.8
7
44 7
3 5
85
2.7
24. 3
69 1
55. 0
47.8
25. 9
3.34
3 53
1.74
2.04
2 48
2.41
3.39
3.59
1.78
2.04
2.48
2.43
3.63
3.91
1.78
2.05
2.48
2.43
3.66
3.95
1.78
2.15
2.50
2.43
3.84
4.17
1.84
2.24
2.50
2.43
4.04
4.40
1.85
2.45
2.60
2.66
4.06
4 44
1.85
2.47
2.61
2.71
4.11
4 49
1.85
2.54
2 65
2.71
4.11
4 48
1.85
2.55
2 65
2.71
4.11
4 49
1.86
2.55
2.65
2.71
4.15
4.52
1.87
2.58
2.65
2.73
4.15
4 51
1.87
2.58
2 65
2.73
4.15
4. 53
1.87
2. 5«
2. 63
2.73
54.09
55.56
31.07
29.49
54.98
56. 43
29.73
34.61
56. 80
58. 68
30.07
34.25
58.87
61.27
30.58
35.62
59.13
61.65
30. 55
35.03
59. 37
61.77
30.34
35.70
61.80
64.46
30.81
40.95
65. 01
68.21
31.86
44.34
65.57
68.61
32.82
42.90
64.25
67.40
31.77
40. 52
67.20
71.15
31.78
42.17
65. 39
68.88
31.99
40.04
63. 40
66. 7/5
31.70
36. 68
6.17
6.35
5.60
6.92
4.54
3.41
6.17
6.36
5.99
5.89
4.50
3.74
6.39
6.66
5.92
5.99
4.50
3.51
6.22
6.45
5.82
6.04
4.45
3.27
6.49
6.76
6.02
6.39
4.63
3.22
6.80
7.12
6.10
6.86
4.61
3.43
6.57
6.89
6.00
6.03
4.71
3.43
6.32
6.58
5.81
5.73
4.73
3.52
6.27
6.53
5.64
5.94
4.48
3.52
6.40
6.66
5.85
6.29
4.61
3.45
6.18
6.35
5.88
6.12
4.74
3.41
6. 35
6.55
5.85
6.44
4.77
3.49
6. 55
fi. 79
5. 90
7.03
4.86
3.48
9.44
2.54
9.80
8 66
2 58
5 73
9.08
2 62
11 84
»7. 75
p 2 60
P 3.47
3.85
3.92
3.85
3.85
3.88
3.88
3.89
3.87
3.87
4.00
4.11
4.15
4.17
77.37
221 02
43.04
54.96
73.22
205. 30
38. 69
56.46
77.56
216. 60
38.88
62.48
80.21
223. 21
39.44
65.93
82.91
229. 32
40.63
69.09
82.56
229. 38
40.41
68.32
84.24
229. 26
39.59
74.04
90.86
244. 45
42.06
82.05
94.98
253. 32
42.87
88.09
92.39
249. 50
43. 03
82.66
92.86
253. 36
42. 36
82.59
92. 57
254. 36
42.28
81.37
90. 46
249. 32
42. 55
78. OtV
147.7
157.6
149.7
154.6
111.5
107.1
108.5
171.0
138. 2
147.3
138.6
141.8
103.0
109.7
102.2
157.1
147.2
158.0
149.4
149.1
104.2
120.6
104.6
159.2
151. 7
163.3
153.2
155. 4
104.9
125.1
105.8
168.7
157.8
170.7
159.3
164.9
106.2
129.2
105.4
175.1
156.1
168.8
159.9
160.2
105. 0
126.5
104.6
180.2
158.4
171.2
164.3
157.8
104.4
139.4
105. 2
184.2
168.6
182.6
175.2
165.9
108.6
152.8
106.3
185.7
174.7
189.6
181.5
171.0
111.0
159.1
109.8
180.5
170.3
184.4
175. 0
169.0
111.2
148.7
110.2
180.7
172.3
187.3
179.4
168.8
110.2
148.7
106.1
181.9
173. 9
189.3
181.9
167.9
110.5
147.5
105.6
183.4
171.7
186.9
179.2
163.1
110.2
141. 6
105.4
182. 7
1,949
72, 396
1,930
72, 026
1,700
65, 977
1,608
63, 712
2,090
84, 451
1,864
66, 685
2,261
93, 209
2,969
122, 363
2,086
82, 631
1,683
67, 480
1,547
67, 024
T
2, 027
74,211
1,337
52, 456
1,680
56, 257
1,692
57, 074
1,456
50, 038
1,380
48, 009
1.796
64, 422
1,618
51, 231
1, 981
72, 737
2,572
91,995
1,791
61, 534
1,442
53, 327
1,320
50, 583
r
1, 746
56, 928
1,143
40, 667
45,647
44, 549
38, 473
38, 594
48, 390
43, 085
59, 820
70, 181
41, 234
35, 625
34, 290
38. 457
27,402
80, 652
2,236
82, 000
2,247
85, 053
2,257
88, 673
2,272
88, 525
2,325
89, 506
2,333
93, 807
2,353
99, 340
2,384
100, 246
2,391
98, 112
2,421
102, 747
2,437
100, 120
2,452
97, 920
2, 528
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY) t
3,526
2 615
385
526
3,494
2 498
477
519
4,148
3,106
518
524
4,441
3,408
443
590
2,709
2,007
125
577
3 374
2, 533
90
751
3 515
2,815
146
554
3 871
3,199
83
589
+817
+120
+633
+570
do
—1 246
— 124
— 1. 122
-972
-107
-865
-1,237
-127
-1,110
-1,150
-110
-1,040
U.S. long- and short-term capital (net), total.do
.-,
'"" .
j
-220
— 181
—39
—872
-835
-37
—264
-258
-6
-293
-236
-57
+638
+809
+187
-104
Increase (— ) or decrease (+) in U. S. gold stock
mil. of dol_.
+29
+740
+771
+893
Errors and omissions
-18
+175
TCxports of goods and services total
T pn
. ' £r( , - ,
,
Othor
" <?
mil of dol
,
do
I P
tmp t<? ' u. S
income on f ' invest em in TT o_
loreign '
do
g
Private
r
Revised.
P Preliminary.
do
-90
+84
^Revisions for cash divi lend payments publicly reported for January-April 1950 are available upon request. Balance-of-payments data have been revised beginning 1948; revisions through
the first quarter of 1950 will be shown later.
fRevised series. Data for American Telephone and Telegraph stock (included in figures for 200 stocks) are excluded. Monthly data for 1929-48 are available upon request.
§Number of stocks represents number currently used; the change in the number does not affect the continuity of the series.
SUEVEY OF CURRENT BUSINESS
August 1 5
91
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-21
1951
1950
June
July
August
September
October
November
December
January
February
March
April
May
June
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE t
Indexes
Exports of U. S. merchandise^
Quantity
Value
Unit value
Imports for consumption:!
Quantity
Value
UnH value
Agricultural products, quantity:
Exports, domestic, total:
Unadjusted
Adjusted
Total, excluding cotton:
Unadjusted
Adjusted
Imports for consumption:
Unadjusted
Adjusted
202
355
176
178
315
177
172
308
179
200
368
184
195
366
188
209
396
189
221
431
195
199
393
197
215
435
202
252
517
205
265
556
210
259
548
212
143
332
232
143
342
240
162
399
247
157
404
257
170
446
263
152
411
271
152
418
276
171
496
289
151
442
293
167
504
302
151
466
308
148
461
312
103
157
69
104
78
109
88
73
80
58
86
67
97
80
83
82
102
125
104
120
130
165
105
132
do
- do
102
124
98
125
101
109
120
98
116
90
117
101
129
117
119
123
141
179
155
181
190
231
155
174
do
do
108
118
113
126
134
146
122
128
126
127
109
114
103
103
140
133
118
116
132
116
112
104
104
107
5,586
7,496
i 5, 088
6,883
5, 457
7,941
i 5, 817
7, 468
i 5, 306
7,601
i 4,414
7,421
5, 130
7,283
i 6, 232
7,533
877
i 779
i 761
1911
1976
i 1, 063
1 1, 374
1 1, 351
58, 721
183, 568
366, 839
255, 691
139, 551
173, 921
1936-38=100..
do
do
do
do
do
1924-29=100
do
_
Skipping Weight
Water-borne trade:
Exports, including reexports, _thous. of long tons__
General imports
do
1
1
5, 885
8, 285
1
4, 225
7,771
1
Value
Exports, including reexports, total
mil. of dol__
By geographic regions:
Africa
thous. of dol
Asia and Oceania
do
Europe
_
_ do _
Northern North America
do
Southern North America
do
South America
do
Total exports by leading countries:
Africa:
Egypt
do
Union of South Africa
do
Asia and Oceania:
Australia including New Guinea
do
British Malaya
do
C hina
do
India and Pakistan
do
Japan
do
Indonesia
do
Republic of the Philippines
do
Europe:
France
do
Germany
do
Italy
do
Union of Soviet Socialist Republics
do
United Kingdom
do
North and South America:
Canada incl Newfoundland and Labrador do
Latin-American Republics, total _. - do _
Argentina
do
Brazil
-_ ._ do
Chile
do
Colombia
_ _
_ _ - do
Cuba
do
Mexico
do
Venezuela
. ._- __ do _
Exports of U. S. merchandise, total
mil. of dol_By economic classes:
Crude materials
thous. of dol._
Crude foodstuffs
_
do
Manufactured foodstuffs and beverages, -do
Semimanufactures 9
- do
Finished manufactures 9
do
By principal commodities:
Agricultural products, total
do
Cotton, unmanufactured
_
do
Fruits, vegetables, and preparationscf -do
Grains and preparations, _ . .
_ ,do
Packing-house productscf
do
Nonagricultural products, total
_
Aircraft, parts, and accessories§
Automobiles, parts, and accessories c?§
Chemicals and related productscf Copper and manufacture 3d"
Iron and steel-mill products .
do _ _
-do
do
do do
do_ _
1
905
!973
i 1,076
1
1, 284
36, 500
153,058
279, 681
173, 978
108, 584
125, 617
29, 211
119,436
177, 928
166, 212
115, 565
100, 430
23, 446
122, 991
184, 334
160, 515
115, 213
108, 999
26, 276
133, 783
247, 575
179, 853
141,857
124, 143
32, 390
120, 204
240, 681
200, 446
122, 630
113, 667
28, 605
148, 450
248, 050
196, 455
133, 237
141, 201
42,108
153, 794
284, 380
185, 903
135, 004
150, 178
34, 514
156, 003
244, 429
195, 71 7
130, 037
134, 230
35, 365
161, 848
299, 770
194, 522
120, 857
142, 598
50, 114
211,078
317, 754
231,962
161,731
173, 657
48, 215
233, 867
385, 297
263, 436
151, 902
172, 102
2,513
16, 652
3,315
9,170
1,680
9,803
2,442
9,695
2,359
8,345
3,570
9,939
4, 531
12, 525
5,357
12, 436
4,941
10, 866
4,430
19, 192
4,794
24, 574
8,078
28, 875
12, 151
1,980
4,096
25, 003
33, 407
5,522
22, 214
5.986
1,757
3, 038
17, 485
33, 552
3,518
17, 073
6,646
1,369
8,904
11, 922
31, 103
4,001
16, 500
8,880
2,135
1,004
11,491
45, 225
6,468
17, 004
7,422
2,053
984
15, 547
36, 569
5,887
16, 508
10,014
2,441
2,877
20, 434
35, 247
7,223
19, 988
10, 832
1, 556
84
24, 042
42, 818
9,465
24,303
11, 147
4,217
1
28, 277
38, 815
8,858
19, 604
7,430
4,893
8
19, 696
57, 556
10, 475
17, 980
15, 167
4,304
1
34, 535
67, 734
18, 415
24, 107
13, 168
5,463
0
39, 565
73, 061
15, 799
27, 241
8,099
4,246
27
35, 014
50, 146
15, 340
24, 026
37, 664
57, 203
39, 623
26
24, 389
14, 198
20, 135
17, 674
9
24, 046
14, 118
25, 852
18, 627
25
41, 581
24, 890
42, 652
23,224
3
59, 538
30, 005
33, 471
22, 009
16
58, 109
35, 037
40, 149
21, 785
74
49, 790
35, 708
37, 587
38,365
51
47, 563
29, 209
32, 381
28, 425
7
41,900
26, 104
49, 070
41, 141
15
55, 400
27,290
40, 607
44, 320
2
63, 507
41, 331
44, 491
62, 470
4
69, 621
36, 553
40, 823
72, 193
3
54, 812
173, 928
223, 697
14, 774
27, 696
5,697
28, 681
36, 695
40, 328
34, 713
166, 181
200, 074
8,963
28, 024
4,333
20, 878
38, 294
40, 308
26, 238
160,511
214, 298
11, 600
33, 693
4,785
17, 004
41,116
40, 880
30, 507
179, 835
254, 457
10, 506
39, 494
4,235
18, 621
53, 143
47, 992
34, 923
200, 431
225, 732
11,440
30, 066
4,527
15, 520
45, 018
45, 501
35, 383
196, 437
263, 456
14, 624
44, 766
6,094
18, 706
42, 745
56, 059
36, 779
185, 892
273, 337
12, 774
44, 648
10, 430
22, 075
45, 465
56, 704
37, 759
195, 716
253, 772
11, 970
36,902
8,963
16, 972
46, 374
52, 744
37, 880
194, 519
253,002
16, 320
44, 378
9,807
14,062
44, 816
44, 095
34, 210
231, 956
320, 247
16, 333
49, 196
16, 538
19, 063
59, 630
58, 985
46, 260
263, 422
310,720
19, 010
45, 877
13, 277
22, 252
52, 862
60, 785
45, 523
11,293
255, 648
299, 956
20, 231
54, 528
16, 218
20, 674
40, 760
60,585
38, 414
866
i 768
1750
'898
1893
1965
i 1, 050
1958
i 1, 060
i 1, 264
1 1, 357
1 1, 336
192, 101
58, 281
50, 342
93, 595
471, 905
107, 814
57, 324
55, 475
84, 179
462, 990
141, 600
56, 997
41, 500
84, 621
425, 515
175, 624
60, 246
56, 099
102, 968
502, 797
164, 321
65, 980
53, 168
97, 835
511, 630
173, 538
72, 109
53, 544
108, 003
562, 242
185, 765
80,112
57, 121
117,433
609, 161
146, 860
79, 206
56, 976
104, 770
570, 040
173, 870
114, 190
59, 106
109, 259
604, 041
173, 223
122, 980
76, 218
131, 405
757, 547
228, 638
163, 541
83, 254
134, 467
745, 071
204, 614
136, 659
71, 769
142, 139
781, 278
262, 346
127, 948
16, 352
59, 984
12, 732
181, 143
46, 454
13, 746
73, 850
11,581
199, 080
65, 970
12, 899
62, 012
13, 120
252, 815
75, 730
18,351
72, 426
12, 907
233, 644
60, 389
17, 484
72, 004
14, 013
266, 315
79, 581
14, 115
78, 102
12, 840
301, 173
97, 918
15, 389
86, 674
17, 739
253, 072
70, 348
12, 484
89, 383
18, 452
307, 401
98, 935
13, 241
122, 218
19, 394
329, 889
83, 753
17,917
129, 874
24, 981
419, 941
117, 761
14, 523
177, 276
29, 339
353, 391
94, 198
15, 920
136, 964
26, 585
603, 879
9,854
69, 099
6r), 210
4, 623
47, 956
586, 639
3,103
62, 927
53, 412
4,075
34, 189
551, 153
1,781
62, 996
57, 396
5,293
34, 826
644, 919
3,821
62, 705
65, 713
5,339
38, 021
659, 289
2,438
59, 169
61, 484
5,520
36, 353
703, 121
2,672
71, 567
70, 184
5,884
39, 888
748, 419
1,357
70, 543
66, 713
10, 361
39, 949
704, 781
1,313
78, 281
58, 105
4,491
46, 604
753, 064
1,320
87, 230
62, 961
8,221
42, 007
931, 484
1, 981
104, 869
78, 746
7,653
55, 384
935, 030
1,850
107, 749
82, 562
9,500
48, 071
983, 069
1,007
108, 275
85, 856
7,091
50, 173
i 1,279
Machinery, total cf"§ . _
do
177, 522
198, 175
160, 821
197, 501
204, 169
220, 982
245, 786
227, 388
248, 635
324, 143
308 215
318,016
9,807
Agricultural d*
_
do
10, 022
10, 859
8,801
5,984
7, 838
8,460
8,289
10, 437
12, 584
13,' 621
13,017
20, 411
16,341
Tractors, parts, and accessories* §__.. -do
19, 921
18, 227
15, 272
19, 545
24, 064
21, 996
21, 503
31, 173
28, 508
31, 765
34, 501
28, 055
26, 992
34, 558
33, 166
38, 556
Electrical <^§
do
40, 263
39, 929
36, 139
45, 834
49, 239
47, 733
15, 578
Metal working
_ - _ _ do _
16, 784
12, 857
19, 530
19, 800
16, 325
17, 237
15, 494
13, 577
17,895
15, 687
16, 237
72, 041
Other industrial cf
do
77, 508
59, 543
76, 212
75, 241
80, 790
88, 023
83, 131
79, 358
102, 417
101,172
98, 440
Petroleum and products . . _
. do _
38, 677
40, 671
38, 144
45, 665
47, 304
48, 530
40, 332
53, 973
39, 345
56, 163
63, 151
65, 059
44, 184
32, 069
Textiles and manufactures
do
38, 982
45, 133
51,414
52, 344
54, 366
58, 770
59, 471
85,550
75, 649
79, 172
l
r
it
' Revised. Total exports and various componer items inc lude MD/^P shipme nts as folio ws (mil. of dol.) : July 1950-Junfc 1951, resp<actively— 4' .O; 21. 4; 31 2;52.4;53.<); 76.3; 51.8 ; 94.8; 96.7;
82.6; 129.2; 112.8. Beginning July 1950, certain item s classed a 5 "special (category" e xports, alt bough incl uded in tot al exports, are exclud 3d from wa ter-borne t rade and fi~om area aiid country
{Revisions for various periods in 1947 and 1948 have been made (since publication of the 1949 STATISTICAL SUPPLEMENT) in most of the foreign-trade items and there will be further changes
beginning 1946 as final data are completed by the Bureau of the Census; moreover, the revaluation of tin imports and the transfer of certain "relief and charity" food items from the nonagricultural exports group to the agricultural group have affected the pertinent series back to 1942. Revisions will be shown later.
tlndex base changed beginning with the October 1950 SURVEY. Data for 1913 and 1919-50 are shown on pp. 27 and 28 of the July 1951 SURVEY.
9 Beginning July 1950, data for semimanufactures reported as "special category, type 1" have been included with finished manufactures.
cf Data beginning 1948 have been adjusted in accordance with the 1949 commodity classifications. Unpublished revisions (January-July 1948) are available upon request.
§Excludes "special category" exports not shown separately for security reasons.
*New series. Not separately available prior to 1948; included with agricultural machinery.
SURVEY OF CUKRENT BUSINESS
S-22
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
August 1951
1951
1950
June
July
August
September
October
November
December
January
February
March
April
May
June
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE §— Continued
Value— Continued
General imports, total
thous. of doLBy geographic regions:
A.frica
do
Asia and Oceania
do
Europe
do_ .
Northern North America
do
Southern North America
do _ South America
_ _ _
do
By leading countries:
Africa:
Egypt
do
Union of South Africa
do
Asia and Oceania:
Australia, including New Guinea
do
British Malaya
do
China
-_
do
India and Pakistan
do
Japan
do
Indonesia
- - do
Republic of the Philippines
do
Europe:
France
do
Germany
do
Italv
do _
Union of Soviet Socialist Republics _ do_ _
United Kingdom
do
North and South America:
Canada, incl. Newfoundland and Labrador
thous. of doL_
Latin- American Republics total
do
Argentina
- do
Brazil _
. ...
do_ _ _
Chile
do
Colombia
- - --do
Cuba
do
Mexico
do
Venezuela
do
Imports for consumption, total do
By economic classes:
Crude materials
- do
Crude foodstuffs
do
Manufactured foodstuffs and beverages do _Semimanufactures
_ __do _ _
Finished manufactures
do
By principal commodities:
Agricultural products total
do
Coffee
do
ITides and skins
do
Rubber crude including guayule
do
Silk unmanufactured
do
Sugar
-do
Wool and mohair unmanufactured
do
Nonagricultural products total
do
Furs and manufactures
do
Nonferrous ores, metals, and manufactures,
total
--- - thous. of doLCopper incl ore and manufactures do
Tin including ore
do _..~
Paper base stocks
do
Newsprint
do
Petroleum and products
do
685, 859
707, 884
36, 660
149, 525
99, 455
178, 535
87, 653
134, 031
33, 364
150, 435
100, 992
163, 438
94, 499
165, 155
202
11, 878
857, 864
922, 004
851, 694
864, 105
1,022,077
39, 295
160, 086
120, 581
160, 379
119, 593
219, 547
63, 316
167,384
136, 150
179, 020
97, 831
214, 162
39,318
217, 060
162, 936
201,005
93, 729
207, 956
35, 332
215,443
166, 036
186, 366
86, 252
162, 264
55, 917
199, 742
156, 408
185, 695
91,228
175, 115
55, 589
248, 983
180,538
184, 551
116, 409
236, 007
44, 570
186, 905
173,819
154,072
127, 442
220,152
66, 867
267, 120
193, 877
190, 603
128, 920
252, 233
69, 466
262, 083
181, 774
191,378
117, 700
201, 983
76, 362
242, 527
189, 426
202, 221
99, 760
207, 357
304
8,773
5,965
12, 225
19, 735
15, 543
235
16, 357
355
11, 363
3,268
17, 779
4,572
14, 830
486
15,611
291
15, 896
19, 652
15, 036
12, 936
12, 805
7,421
25, 516
11, 728
22, 418
15, 580
13, 505
20, 420
8,972
23, 932
12, 159
22, 004
13. 758
10, 280
19,393
9, 883
30, 227
11,746
21, 333
16, 744
15, 485
20, 622
9, 593
24, 749
14, 639
29. 883
18, 582
13, 875
21, 026
5,546
31, 723
19, 647
33, 022
21,641
21,801
26,043
17, 099
39, 460
13, 767
27, 691
19. 792
20, 321
21, 347
19, 770
38, 230
16, 196
20, 254
17,617
23, 281
19, 348
12, 255
54, 828
12, 688
36, 775
17,639
33, 603
21, 606
9,458
34, 089
5,700
27, 293
16, 650
18, 965
31,287
42,114
38, 989
4,879
37, 549
20, 101
25, 550
29, 451
58, 336
35 187
2,722
38, 003
17,360
19, 631
31, 181
62, 048
24, 378
2,886
32,117
26, 809
19, 526
30, 339
7,701
6,175
7,161
3,017
27, 174
8,262
6,268
6,590
4,300
26, 373
12, 614
8,528
9,412
2,182
36, 380
13, 888
11,136
10, 390
6,420
31, 473
15, 476
15,162
16, 579
2,130
39,085
19, 283
16, 152
13, 904
1,439
42, 580
21, 176
14, 734
11, 945
1,899
32, 758
24, 789
18,090
13, 003
2,259
37, 269
24, 403
14,257
12, 572
2,153
38, 606
31, 525
18, 913
13, 590
1,338
37, 650
26, 305
18, 212
13,411
2,207
43, 107
28, 006
21. 224
10, 901
1, 593
45, 768
178, 259
207, 295
13, 840
37,912
16, 621
15, 587
29, 078
25, 337
26, 959
163, 310
245, 564
17, 432
64, 998
7,977
26,091
34, 124
22, 251
26, 882
160, 342
321, 473
18, 624
83, 679
15, 070
42, 650
54, 253
26, 502
29, 824
178, 845
297, 200
17,211
85, 034
14, 223
40, 474
42, 976
28, 716
26, 783
200, 804
283, 301
18, 138
82, 152
15, 613
38, 642
38, 238
27, 247
28, 972
186, 356
230, 537
17, 392
68, 733
13, 534
22, 675
24, 143
31, 216
25, 078
185, 686
245, 665
13, 977
63, 046
19, 521
20, 605
18 506
35, 124
24, 905
184, 421
330,511
27,157
85, 395
15,341
35, 041
30, 822
31,548
28, 834
153, 828
328, 939
25, 881
84, 856
16,007
27, 002
39,915
29, 646
26,076
190, 578
363, 269
34, 749
100, 668
15, 400
27, 616
43, 546
32, 936
27, 002
191, 213
303, 305
32, 875
64, 452
27, 584
19, 237
41,214
28. 990
26, 038
202, 214
291, 467
29, 975
68, 564
22, 004
27, 162
33, 026
26, 464
30, 792
679, 365
701, 378
817, 771
824, 319
913, 535
841,014
856, 668
1,016,795
906, 443 1, 033, 994
956, 735
945, 784
184, 242
119,916
75, 144
180, 499
119, 565
184, 216
154, 611
83,114
162, 642
116, 796
222, 891
181,499
103, 782
184, 146
125, 453
224, 467
179, 484
88, 151
196, 600
135, 617
255, 478
172, 039
87, 431
239, 423
159, 164
254, 801
142. 245
73, 251
214, 670
156, 048
269, 943
148,150
63, 637
228, 064
146, 875
330, 604
207, 212
77, 052
238, 583
163, 343
282, 993
201,301
86, 132
199. 906
136, 112
311, 267
233, 869
92, 968
225, 746
170, 145
330, 569
159,212
89, 477
214, 050
163, 428
295, 277
171, 290
91, 453
213, 285
174, 478
289, 210
56, 374
12, 026
33, 853
1,422
31, 109
31,044
390, 155
5,300
331, 731
105, 153
11,664
29, 994
1,706
34, 213
39, 247
369, 648
8,308
410, 125
130, 836
12. 481
39, 824
1,249
53, 309
46, 864
407, 646
6,281
393, 070
128, 376
10, 598
41,109
2,571
40, 156
36, 757
431,249
13, 689
405, 193
112, 567
12, 968
58, 922
3,159
35, 033
33, 394
508, 343
14, 279
363, 730
88, 085
11,418
68, 370
2,521
17, 494
38, 936
477, 284
9,313
356, 298
84 083
8 444
71 309
2*020
14, 564
38, 250
500 370
11, 032
507, 460
142, 648
11,454
101 076
2,102
29, 381
66, 291
509, 335
14, 130
476, 223
139, 327
8, 516
63 447
1,838
41,017
53, 692
430, 220
10, 258
538, 646
152 933
10, 728
74 345
2,081
40, 491
84, 903
495, 348
11, 769
470, 002
96 645
10.918
65 026
1,626
39, 717
104, 779
486, 734
16, 565
452,311
100 701
13, 022
51 853
1,216
33, 985
84, 660
493, 473
8, 534
80, 180
32, 771
14,911
?3, 945
40, 544
47, 299
63, 981
12,779
21,230
20, 830
38, 410
45, 413
76, 417
14, 598
24, 016
21, 577
34, 066
50, 255
68, 044
16,649
17,413
23, 073
38, 933
47, 790
88, 887
29, 633
19, 788
26, 335
42, 000
55, 338
79, 044
19, 744
15, 243
27, 974
37, 142
50, 736
104, 726
28 118
19, 158
27, 808
41, 058
53 950
91, 740
23, 466
27, 066
32, 313
39, 742
59, 661
61,194
22, 662
15,443
30, 808
32, 942
50, 307
76, 057
17, 952
23, 219
30, 773
44, 222
50, 246
69, 182
21,909
13, 297
29, 166
39, 287
51, 259
57, 303
23, 230
8,002
38, 588
43, 525
52, 415
819, 481
906, 960 1,099,619 1, 024, 385 1, 017, 653
r
929, 900
914, 300
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines
Operations on scheduled airlines:
Miles flown, revenue
thousands
Express and freight carried
short tons
Express and freight ton-miles flown thousands
Mail ton-miles
flown
do
Passengers carried, revenue
do
Passenger-miles flown revenue
do
Express Operations
Operating revenues
thous. of dol
Operating income
do
Local Transit Lines
Fares, average cash rate
cents- _
Passengers carried, revenue
millions
Operating revenues t
thous of dol
Class I Steam Railways
Freight carloadings (A. A. R.):<f
Total cars
thousands.Coal
do
Coke
-_ do_ _
Forest products
do
Grain and grain products
do
Livestock
_
do
Ore
.
do _
Merchandise 1. c. 1
do
Miscellaneous... _
do
r
28, 591
20, 717
12, 367
3,498
1,539
762, 097
28,860
18, 134
11,654
3, 252
1,459
723, 803
28, 778
21, 776
13, 707
3,775
1,562
749, 845
27, 564
22, 540
13, 672
3, 762
1,490
719, 494
28, 552
25, 489
15,171
4,245
1,563
735, 180
26, 067
22, 780
13, 918
4,112
1,326
620, 156
27, 926
25, 014
14, 892
6, 232
1.365
684, 444
28, 445
19, 758
12 258
4,463
1,421
722, 163
25, 316
21, 182
13 087
4,704
1,324
663, 767
29, 780
21,662
13 620
5, 124
1,660
835, 920
29, 085
18, 111
11,287
4,541
1,708
834, 685
30, 813
19, 085
11 903
5 035
1,804
859 130
18, 174
45
17, 226
223
17, 647
178
17, 697
176
17, 318
189
18, 312
194
21,890
195
18, 294
61
18, 007
39
19, 377
80
18, 769
24
18, 895
6
10. 0681
9. 9708
1,048
113, 000
10. 0341
1,099
121, 600
10. 0608
1,094
114. 300
10. 0827
1,177
125, 800
10. 1630
1,116
123, 100
10. 1995
1,183
137, 200
10. 2360
1,168
125, 300
10. 2676
1. 050
117, 100
10. 4185
1,174
10. 4818
1,097
10. 5231
1,117
10. 5231
1,048
3,018
469
58
176
222
26
329
306
1,433
3,374
617
59
202
215
31
324
352
1,574
4,220
787
75
239
246
62
409
438
1,963
3,531
657
64
191
225
66
301
354
1,673
3,240
599
63
182
223
50
223
332
1,569
3,629
742
75
218
256
49
96
380
1,814
3,009
632
64
187
214
38
68
308
1,498
2,700
546
61
164
182
24
65
284
1,373
3,785
689
81
229
247
35
101
425
1.979
3,152
546
61
193
198
34
216
324
1.580
3,233
537
65
197
178
33
330
309
1,582
4,039
710
83
241
216
34
452
366
1,937
r 1,137
117, 400
3,905
••706
73
227
229
36
388
400
' 1, 845
d
Deficit.
Revised.
(d
|Revisions for January 1947-May 1948 appear in corresponding note on p. S-22 of the Augu 1949 SUBVEY.
ISt
§See note marked "{" on p. S-21.
cf Data for Junes, September, and December 1950 and March and June 1951 are for 5 weeks; other months, 4 weeks.
" '
S-23
SURVEY OF CURRENT BUSINESS
AiiKlist 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
1951
1950
June
July
August
September
October
November
December
January
February
March
April
May
June
TRANSPORTATION AND COMMUNICATIONS—Continued
THAN SPORTATION—Continued
Class I Steam Railways—Continued
Freight carloadings (Federal Reserve indexes):
Total, unadjusted
1935-39=100_.
Coal
do
Coke
do
Forest products
do
Grain and grain products
do
Livestock
do
Ore
do _ _
Merchandise 1 c 1
do
Miscellaneous
do
Total adjusted
do
Coal
do
Coke
- do _ _ _
Forest products
do
Grain and grain products
do
Livestock
__ _ _
do _
Ore
do
Merchandise, 1 . c . 1
_ _ _ __ do _
Miscellaneous
do
Freight-car surplus and shortage, daily average:
Car surplus, total
number
Box cars
- do
Coal cars
do _ Car shortage, total
do
Box cars
do
Coal cars
do
Financial operations (unadjusted):
Operating revenues total
thous of dol
Freight
_ . _.
__.
do _ _
Passenger
- do
Operating expenses
_-_ _
do ___
Tax accruals, joint facility and equipment rents
thous. of dol__
Net railway operating income
do
Net incomej
do
Financial operations, adjusted:
Operating revenues, total
mil. of dol _
Freight
do
Passenger
do
Net railway operating income
do
Net income
do
Operating results:
Freight carried 1 mile
mil of ton-miles
Revenue per ton-mile
cents
Passengers carried 1 mile, revenue
millions. _
131
116
188
150
133
51
277
52
142
127
116
192
144
130
61
179
52
138
130
105
190
149
162
48
298
51
141
126
105
195
148
135
61
186
51
140
140
126
186
163
150
57
285
56
149
135
126
194
155
139
60
190
56
147
145
135
198
160
143
95
298
57
154
134
135
201
148
128
72
198
55
142
147
135
201
154
159
116
262
56
158
136
135
206
146
159
75
184
54
145
139
126
198
154
162
90
188
54
152
136
126
198
157
166
72
184
53
146
130
129
204
145
148
70
62
50
142
140
129
194
162
158
72
199
52
151
133
133
209
153
153
66
61
50
145
146
133
199
170
153
69
243
52
158
119
114
197
137
131
44
60
46
133
129
114
186
143
134
55
241
48
141
130
112
204
147
138
49
70
54
149
139
112
202
147
150
62
241
53
157
133
112
193
156
139
61
193
51
149
136
112
197
156
158
68
212
51
151
135
111
208
160
124
57
290
48
149
133
111
210
154
141
64
212
48
148
137
120
212
158
125
49
321
47
148
131
120
217
152
123
58
207
47
144
6,625
1,949
513
11,491
5,845
4,748
8,311
234
4,389
21, 154
13, 875
6,103
4,346
16
39
38, 064
21, 846
14, 101
3, 583
8
30
34, 381
19, 444
13, 243
2,405
9
113
35, 135
19, 620
14, 349
4,926
432
386
24, 696
13, 838
10, 245
6,258
956
975
14, 798
8, 998
4.989
5,677
705
1,138
19,267
12, 006
6,528
2,680
87
572
29, 977
19, 449
8,518
2, 387
7
724
32, 365
24, 275
5, 323
8,601
24
2,812
14, 603
9,484
3,815
8,300
1, 203
434
9, 858
4, 760
3,929
21,677
15,463
133
9,721
3, 065
5,641
779, 182
649, 228
71, 660
588, 763
772, 161
639, 729
76, 006
579, 116
889, 796
748,110
78, 220
626, 265
872, 032
725, 014
71, 623
600, 697
925, 383
784, 544
66, 271
635, 021
862, 201
710, 808
65, 885
618, 611
927, 930
673, 554
79, 271
645, 422
848,
709.
78,
645,
729
736
158
246
715, 759
600,157
63, 836
610, 060
875. 475
741.001
70, 569
679, 662
851,
722,
66
668,
445
012
762
850
888, 716
752, 588
70, 657
693, 820
855, 753
710, 732
80, 641
677, 685
100. 372
90, 047
72, 050
109, 134
83, 910
58, 622
141, 467
122, 064
95, 829
148, 712
122, 622
98, 965
155, 733
134, 629
107, 863
133, 590
110, 001
86, 146
169. 190
113,319
120. 060
125, 792
77, 691
54, 926
86, 740
18. 959
<* 3, 518
117, 550
78, 263
51,187
112. 000
70. 595
44, 685
119,977
74, 937
49, 225
114,138
63, 930
791.4
663.4
69.2
691.5
100.0
69.7
771.9
646.1
69.7
685. 9
86.1
54.1
832.5
699.2
69.8
744.3
88.2
54.8
857.6
711.1
71.9
749.1
108.5
72.8
884.6
747.2
67.7
776.2
108.4
74.3
863.0
710.8
68.9
759.8
103.2
70.5
P41.0
70S. 3
77.8
849.4
91.6
59. 5
863.5
720.0
81.6
765. 8
97.7
65.7
783. 4
653.6
70.7
742. 5
40.9
10.9
854.2
716. 8
71.4
783. 1
71.1
38.9
872.7
738. 6
69. 1
799.7
73.1
r
40. 7
855. 1
719. 1
71.5
793.5
61. 6
P21.2
51, 865
1.326
2,830
51, 982
1.305
3,042
59, 403
1. 325
3,125
57, 940
1.320
2,818
62, 017
1. 332
2, 573
54,817
1.363
2,500
54, 608
1.310
3,058
56, 510
1.319
3, 003
48, 367
1.308
2,415
59, 069
1.325
2,718
56, 908
1.337
2,583
58. 704
1.342
2, 638
8,130
4,860
3,271
7,647
4,648
2,999
8,559
5,308
3,251
8,402
5, 135
3,267
8,220
5,165
3,055
7,364
4,320
3,044
7, 244
4, 207
3, 037
6, 516
4,019
2,497
6,860
4,216
2,644
8,250
4, 660
3, 590
9,299
5, 216
4,083
10. 161
5, 980
4,181
2,562
1, 460
2,857
1,668
2,452
1,477
2,356
1,307
2,478
1,157
2,236
1,074
2,216
1,011
2, 338
1,104
2, 433
1, 032
2,713
1,237
2,668
1,360
2T 695
1,286
2, 632
1,170
5.64
84
238
5.43
77
207
6.13
81
231
5.98
84
232
6.17
86
228
6.27
79
225
5.78
66
208
5.95
79
228
5.97
81
224
5.83
78
214
6.36
82
244
5.79
81
251
6.32
81
252
56, 902
88, 305
3,384
18,215
41, 233
1,930
78, 030
i 80, 854
3,803
* 17, 905
21, 635
3,271
96, 425
* 61, 804
2,921
v 18, 575
18, 037
3,300
88, 706
i 44, 776
2, 468
P 15, 452
13, 827
1,474
59, 768
36, 058
2,075
v 14, 090
12, 734
833
46, 242
131,869
1,599
* 16, 288
12, 115
326
44, 810
i 39, 453
2, 283
P 20, 263
10,614
242
52, 209
' 48, 561
1
59, 093
57, 074
63, 969
1 64, 845
1
P 18, 519
16,632
256
p 12, 395
17, 067
259
TO 15, 281
26, 113
376
* 14, 542
30. 227
541
p 17, 914
861
8,009
850
7,826
930
8,444
936
8,513
955
8,658
871
7,905
947
8, 608
1,222
11,151
823
8,666
883
9,264
805
8,500
766
8, 075
287, 467
169, 767
98, 275
204, 849
33, 929
37, 304
289, 528
169, 124
100, 646
205, 664
41, 489
37, 441
300, 617
172, 540
108, 189
211,798
35, 337
37, 620
292, 847
173, 265
99. 290
205, 109
39, 584
37, 790
303, 234
178. 120
104, 346
212, 572
41, 369
37, 987
298, 071
178, 184
98, 941
208, 249
40, 861
38, 166
311,414
181,781
107, 994
222, 491
40, 921
38, 437
314, 713
184, 531
108, 897
219, 140
41, 025
38, 619
301, 961
181, 037
99, 495
209, 150
39, 475
38, 803
319, 021
185, 045
111,979
222, 296
41, 444
39, 029
312, 404
184, 934
105, 507
216, 413
41, 242
39, 213
15, 378
13, 086
1,469
14, 738
13, 272
671
16, 022
13, 716
1,525
15, 041
13, 364
940
15, 531
13, 358
1,461
15, 251
13, 439
1,135
16,043
14, 506
1,485
15, 610
13, 855
880
14, 545
12, 924
764
16, 391
13, 996
1,521
15,014
13, 282
882
16, 235
14, 199
1, 157
1,943
1,552
207
2,189
1,563
418
2, 295
1,581
510
2,254
1, 553
507
2,265
1,569
494
2,232
1,470
590
2, 638
1,691
672
2,508
1,650
616
2,180
1,642
337
2, 326
1, 683
427
2,215
1, 638
364
2,227
1, 736
267
2,055
1,781
175
2,228
1,808
325
2,408
1,795
525
2,244
1,819
335
2,331
1,787
453
2,326
1,804
437
2, 583
2,057
453
2, 621
1,959
548
2, 302
1,838
350
2,476
1,954
409
2, 350
1, 895
332
2,491
1, 90S
394
Waterway Traffic
Clearances, vessels in foreign trade:
Total TJ S ports
thous of net tons
Foreign.. _ _ _ _ _ _
do
United States
do
Panama Canal:
Total
thous. of long tons__
In United States vessels
do
Travel
Hotels:
Average sale per occupied room
dollars __
Rooms occupied
percent of total
Restaurant sales index
same month 1929=100__
Foreign travel:
U. S. citizens, arrivals
number
U. S. citizens, departures
do
Emigrants
do
Immigrants
_ _
do
Passports issued
do
National parks, visitors
thousands
Pullman Co.:
Revenue passenger-miles.
millions
Passenger revenues
thous of dol
1
60, 854
57, 982
35, 678
920
39, 653
COMMUNICATIONS
Telephone carriers :f
Operating revenues
thous. of dol__
Station re venues
do
Tolls, message
do
Operating expenses, before taxes
do
Net operating income
do
Phones in service, end of month
thousands. _
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
thous of dol
Operating expenses, incl. depreciation
do
Net operating re venues
do
Ocean-cable:
Operating r e venues
_ _ _ _ _ _
do
Operating expenses, incl. depreciation... do
Net operating re venues
do.
Radiotelegraph :
Operating re venues ._
__. _ _ _ do
Operating expenses, incl. depreciation
do
Net operating re venues
do. .
r
d
Revised.
* Preliminary.
Deficit.
{Revised, data for May 1950, $39,409,000.
Data exclude departures via international land borders; land-border departures during the 12 months ended June 1950 amounted to less than 1 percent of total departures,
t Revised series. The coverage has been reduced from 100-120 to 55 carriers (except for January 1948-December 1949 when data covered 53 carriers) ; however, the comparabilitv of the series,
based on annual operating revenues, has been affected by less than 3.0 percent. Also, data are now shown after elimination of intercompany duplications for the Bell System"; annual data
prior to 1948 and monthlx figures for January-July 1948 on the revised basis will be available later. Data relate to continental United States.
1
SUKVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
August 1951
1950
June
July
August
September
1951
October
November
December
January
Febru-
ary
March
April
May
June
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
Ammonia, synthetic anhydrous (commercial)
124. 617
128, 596
146, 915
136, 736
141.373
146, 280
148, 931
125, 027
147, 289
127, 295
133, 871
147, 560
short tons
2,850
8,920
3,390
5,342
6,566
6,196
10, 274
3,140
2,614
4,352
9,334
3,900
Calcium arsenate (commercial)
thous. of Ib
55. 237
55, 323
54, 320
52, 388
57, 436
58, 770
61, 961
50, 035
65, 310
60, 225
62, 557
56, 482
Calcium carbide (commercial)
short tons
Carbon dioxide, liquid, gas, and solidj
133, 728
107, 708
94. 156
82, 902
73, 542
86, 012 «- 112, 008
144. 006
139, 130
73, 546
67, 076
131 314
thous of Ib
173, 117
187, 666
192, 604
165, 828
185,537
197, 967
182, 994
207, 106
209, 024
200, 298
173, 788
Chlorine, gas
short tons-_ 167, 721
58, 492
57, 389
51. 521
52, 785
57. 893
58, 442
57, 410
50, 944
r 57, 043
57, 467
50, 635
Hydrochloric acid (100% HCl)t
do
51, 288
(i)
2,924
3,598
4,632
2 196
5,114
4,672
5 082
1,838
2 670
Lead arsenate (acid and basic)
thous of Ib
2 326
0)
124, 376
119, 661
105, 206
133, 483
133, 264
115, 286
107, 210
125, 732
105, 831
116, 122
118, 132
104 604
Nitric acid (100% HNOs)
short tons
1,512
1,647
1,703
1,742
1,542
1, 529
1, 666
1,865
1,400
1,404
Oxygen (high puritv)£
mil. of cu. ft
1,819 r 1,812
132, 912
142, 534
142, 103
136, 187
141, 496
155, 018
131 302
151, 187
163, 673
152, 577
141, 107
Phosphoric acid (50% HsPO-O
short tons
135 526
Soda ash, ammonia-soda process (98-100%
370. 649
180, 849
334, 296
443, 706
170, 142
445, 389
402, 517
461, 412
458, 217
185, 885
439 773
291 681
Na2Co3)
short tons
8,424
9,670
5.649
8,577
7,418
10, 170
11, 858
5,492
11,321
9,936
12, 171
Sodium bichromate and chromate
. do ___
8,135
(i)
(i)
(i)
233, 284
244, 883
248, 449
264, 281
258, 596 r 252 169
227, 178
Sodium hydroxide (100% NaOH)
do
200 836
0)
Sodium silicate, soluble silicate glass (anhy55, 544
54, 708
32, 278
47, 317
47, 602
29, 929
56, 300
51, 485
53, 338
45, 132
drous)
short tons
37, 707
40, 899
Sodium sulfate, Glauber's salt and crude salt
75, 882
61, 820
80, 924
70, 333
77, 157
75, 296
83,339
54, 725
75, 267
79, 517
49, 567
77, 452
cake
short tons
Sulphuric acid (100% H2SO4):
Production^
do
1, 039, 938 1, 047, 544 1,051,694 1, 057, 851 1, 137, 367 1,121,357 1, 183, 514 1, 162, 351 1,051,004 1, 172, 100 1, 133, 353 1, 142, 882
Price, wholesale, 66°, tanks, at works
19.85
17.75
17.75
19.33
19.97
17.75
20.00
20.00
20.00
20.00
20.00
dol. per short ton__
17.75
Organic chemicals:
Acetic acid (synthetic and natural), production
42, 476
40, 218
36, 352
41, 593
38, 300
41, 321
36, 941
39, 520
42, 176
43, 069
thous. of Ib
37, 633
0)
78, 221
79, 462
83, 012
77, 364
88, 816
77, 963
82, 240
70, 155
84, 358
80, 743
85, 553
74, 992
Acetic anhydride, production
do
885
766
1,283
1,080
1,116
1,081
672
967
1,090
1,078
921
1,013
\cetylsalicylic acid (aspirin), production do
Alcohol, denatured:
16,582
17, 733
19, 273
16, 708
21, 265
28, 063
21, 440
18, 719
17, 839
16, 288
19, 146
28, 198
Production
thous. of wine gal__
16, 861
18, 727
17, 120
18, 474
19, 888
29, 184
18, 204
19, 340
16, 340
20, 448
22, 002
18,517
Consumption (withdrawals)
__do __.
1,744
3,199
2,012
3,118
8,944
1,467
1,604
2,611
1,533
8, 713
Stocks
do
2,099
2,517
Alcohol, ethyl:
35, 256
33, 098
40, 910
37, 391
34, 763
34, 721
46, 179
31, 727
41, 466
35, 629
31, 102
37, 740
Production
thous. of proof gal
44. 066
24, 580
36, 597
44,010
29, 432
54, 761
91, 085
59, 641
21,619
65, 962
23, 248
71, 001
Stocks, total
_ _ d o _ ._
42, 735
43, 251
23. 886
35, 979
29, 088
52, 075
72, 221
20, 489
57, 299
22, 284
59, 548
62, 087
In industrial alcohol bonded warehouses _ do
694
1,331
344
619
759
2. 686
18, 864
2,342
964
6,414
1, 130
8,914
In denaturing plants
do
20, 91 0
23, 813
27, 870
31,151
26,611
22, 941
22, 876
31,340
36, 180
35, 468
33, 018
Withdrawn for denaturation. ___ _ _ __ do_ _
30, 922
3,422
3,877
6,928
3,660
3,035
5,080
4,986
3,881
1,719
4,188
2,937
Withdrawn tax-paid
do
2,051
11,756
11.747
13, 373
11, 510
11.407
11,851
12, 708
12, 997
12, 769
10, 929
11. 668
12 971
Creosote oil, production
thous. of gal
7,824
7,922
7, 665
7,737
8,168
11, 749
9, 235
5,646
7,861
5,624
9,307
Ethyl acetate (85%), production
thous. of Ib
10,463
•Glycerin, refined (100% basis):
High gravity and yellow distilled:
8, 821
8,829
7,419
7,631
8,222
8, 450
4,822
7,882
8,079
7,753
8, 635
Production
thous. of Ib
7 603
8,994
8,581
8, 850
8. 257
8,038
7, 239
8.007
8,211
7, 591
7,961
7, 629
7 541
Consumption
do
14, 180
12, 297
13, 070
15.983
17, 646
12, 855
13, 518
15, 132
17, 204
18, 644
19, 026
Stocks
. __ _ do_ _
18, 820
Chemically pure:
12, 262
12. 968
13, 435
11,827
14, 199
12,098
7,430
11,098
9.932
13,499
14, 326
Production
_
_ __
do
13, 299
7, 961
8,246
9,007
8, 363
8,450
8,774
7,399
8,011
8, 263
Consumption.
do
8,423
7,687
7,473
19,115
20, 132
17, 787
19, 368
18, 172
21, 920
18, 444
Stocks
do
22, 537
27, 399
23, 580
26, 046
27 411
Methanol, production:
184
182
162
170
183
177
174
173
167
156
159
Natural (100%)
thous. of gal__
160
13, 474
14, 621
11,395
12, 308
12, 984
15,615
10,417
11, 125
13, 200
14, 614
15, 349
15,278
Synthetic (100%,)
do
18, 237
20, 250
18, 367
19, 902
19, 839
19, 031
16, 209
17, 615
21, 141
Phthalic anhydride, production
thous. of lb__
19, 035
22,114
21, 437
20. 00
23, 322
23, 944
8,793
35, 767
99, 683
74,411
25, 272
31, 628
1,161
6 314
7 173
18, 664
10, 575
7, 003
27 787
FERTILIZERS
325
Consumption (14 States) f - _ --thous. of short tons__
408
250, 642
450. 744
Exports, total
_
short tons
90, 482
128, 730
Nitrogenous materials
do
141,469
Phosphate materials .
do__
289, 520
Potash materials
_
_ _do
10, 989
7,147
50, 974
Imports, total
do
111,954
Nitrogenous materials, total
do
83. 783
37, 835
40, 269
Nitrate of soda, _ _ . _
do_ _
1,110
1 5, 321
Phosphate materials
_ do
3,298
Potash materials
do
2,518
1,056
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
port warehouses
dol. per short ton
51.50
51.50
Potash deliveries
short tons
134, 624
97, 301
Superphosphate (bulk) :
732, 499
850, 941
Production
_ do
1,194.074 1,313,007
Stocks end of month
do
226, 631
83, 193
129. 904
7.095
70, 484
54. 762
7,990
7,153
3,407
551
598
283, 942
50, 081
213, 503
12,741
129, 288
104, 447
51,717
11,496
3, 365
189, 531
34, 229
139, 759
11,984
199, 190
147, 304
70, 666
4, 542
33,814
206, 658
31, 506
148, 979
9,626
154, 905
97, 106
34, 134
5, 503
43, 723
r
845
145, 250
28, 470
77, 061
8,889
167, 832
123, 172
50, 064
9,187
29, 343
2
1, 523
161, 690
15, 907
136, 398
6, 496
215, 934
143,421
54, 690
5.296
58, 309
2
1, 308
151, 354
16, 181
117, 286
8,846
230, 892
128 087
58, 676
7,786
77 413
2
1, 622
209, 649
15, 430
177, 554
8,399
259, 450
165, 929
74, 451
12, 034
63, 701
2
1,407
244, 818
17,176
201,917
13, 407
344, 573
212 781
r
94, 291
8 918
31 105
2
994
285, 768
29 032
238, 165
7 286
282, 314
214 588
86, 037
7 936
23 122
51.50
107, 056
51. 50
114, 710
51 . 50
114, 210
51.50
113, 400
51. 50
125, 316
53. 50
121, 153
53 50
105 636
53 50
128 661
53 50
115 369
53 50
110 777
866, 723
1,250,575
876. 023
1 224 030
953, 689
1,157,052
948, 92,r;
1,150,886
385
737
53 50
101 663
974, 544
985, 805
968, 233 1,107 048 1 052 257 1,031 919
875 460
1,207,228 1, 194, 507 1,125 418
953 785 r 832 185 T 918 9(U 1 089 61°
NAVAL STORES
Rosin (gum and wood) :
594, 250
542, 770
Production, quarterly total
drums (520 Ib.)
566, 830
433, 180
Stocks, end of quarter
do
873, 340
711, 430
936, 460
558, 580
Price, gum, wholesale. "WG" grade (Sav.), bulk*
8.43
6.11
8.27
5.59
6.61
7.26
dol. perlOOlb..
8.90
4.93
8.90
8.90
8.90
8.90
8.90
Turpentine (gum and wood):
194, 050
Production, quarterly total
bbl. (50gal.)__ 200, 670
171, 260
141, 200
191, 200
151, 430
159, 820
Stocks, end of quarter _
_.do
128, 760
.64
.41
.46
.71
.80
.87
.92
Price, gum, wholesale (Savannah) __ dol. per gal__
.40
.87
.92
.92
.78
.79
r
2
Revised.
i Not available for publication.
Excludes data for Virginia; effective January 1951, this State will report quarterly (January-March 1951 figure for Virginia, 296,000 short
tons).
JFigures are not strictly comparable with those prior to 1948 because of the inclusion of data for additional plants. For January 1948-May 1949 revisions including data for these
plants, see note at bottom of p. S-25 of the August 1950 SURVEY.
jRevised series. Beginning in the January 1950 SURVEY, data for fertilizer consumption in 14 States have been substituted for the 13-States series formerly shown; revised figures prior
to November 1948 will be shown later.
*New series. The series for rosin " WG" (window glass) grade, which is compiled by the U. S. Department of Labor beginning November 1948, and prior to that month by the Oil, Paint,
and Drug Reporter, has been substituted for the "H" grade formerly shown. Data beginning 1935 are shown on p. 24 of the September 1950 SURVEY.
SURVEY OF CURRENT BUSINESS
August 1051
1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June
August
July
1951
September
October
November
December
January
February
March
Muv
April
I
i
Jun» J
CHEMICALS AND ALLIED PRODUCTS—Continued
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting powder
High explosives
__ .
Sulfur:
Production
Stocks
- .-
thotis. of Ib
do _.
1,235
55, 128
1,148
59, 805
1,837
68, 581
2,057
64, 557
1,912
60,822
1.626
59, 724
1. 955
56, 378
1.772
51, 896
985
936
743
787
54 277
1 407
49, 211
59, 128
63, 285
60 tW7
421, l l n
440, 262
436, 612
424, 269
466, 063
446, 245
452, 060
435, 290
419,312
438, 843
long tons_ _ 487, 845
409, 377
453, 685
2, 956, 333 2, 975, 927 2, 935, 503 2, 853, 688 2, 822, 913 2, 762, 528 2, 654, 530 2, 736, 188 2, 759, 837 2, 796 784 2, 750, 305 2.711,267 2, 719, 821
do
FATS, OILS, OILSEEDS, AND
BYPRODUCTS
Animal fats, greases, and oils:
Animal fats':
Production
thous. of lb__
Consumption, factory
do
Stocks, end of month
do_ _ _
Greases:
Production
_ _ . _
do
Consumption, factory
do
Stocks, end of month
do
Fish oils:
Production
do
Consumption, factory . _
do
Stocks, end of month
_ ..
do
Vegetable oils, oilseeds, and byproducts:
Vegetable oils, total:
Production, crude
mil. o f l b
Consumption, crude, factory
.
do
Stocks, end of month:
Crude
do
Refined.. _
_
_
do
Exports!
thous. of Ib
Imports, total
_
do
Paint oils
do
All other vegetable oils .
do
Copra:
Consumption, factory
short tons
Stocks, end of month
.
do
Imports
do
Coconut or copra oil:
Production:
Crude
thous. oflb_.
Refined
do__ _
Consumption, factory:
Crude
__ _
_ do
Refined
do
Stocks, end of month:
Crude
do
Refineddo
Imports
do
Cottonseed:
Receipts at mills
thous of short tons
Consumption (crush)
do
Stocks at mills, end of month
_ _ do
Cottonseed cake and meal:
Production, ._
...
short tons. Stocks at mills, end of month
do
Cottonseed oil, crude:
Production
_
thous. of Ib
Stocks, end of month
do
Cottonseed oil, refined:
Production
do
Consumption, factory
.
do
In oleomargarine.
do __
Stocks, end of month
do
Price, wholesale, summer, yellow, prime (N. Y.)
dol. perlb..
Flaxseed:
Production (crop estimate)
thous. of bu
Oil mills:
Consumption
do
Stocks, end of month
do
Imports
do
Price, wholesale, No. I (Minn.)
dol. per bu__
Linseed oil:
Production.
_
.
thous. oflb
Consumption, factory
do
Stocks at factory, end of month
do
Price, wholesale (N. Y.)
dol. perlb..
Soybeans:
Production (crop estimate)
thous. of bu
Consumption, factory- . . . do
Stocks, end of month
do
Soybean oil:
Production:
Crude- ...
.
thous. oflb
Refined
do
Consumption, factory, refined _
do
Stocks, end of month:
Crude
do
Refined
.
do
Price, wholesale, edible (N. Y.)___dol. per lb_.
r
299, 189
96, 559
388, 296
255, 357
74, 577
346, 257
272, 295
130, 289
297, 756
260, 795
127,332
240, 930
300, 360
129, 658
221, 073
354, 641
119, 095
246, 609
393, 136
147, 760
274, 271
286, 747
145, 597
302, 854
318,211
' 308, 408
155, 320
322, 583
148, 635
117,406
117,213
266,213
261, 037
266, 198
308, 2.57
101, 144
273. 32' '.
53, 266
40, 163
122, 920
45, 750
30, 615
118, 590
52. 262
46, 388
110, 950
50, 521
50, 402
94, 200
53, 751
58. 114
86, 676
58, 895
47, 615
82, 816
60, 254
63. 567
92, 536
60, 830
67, 535
99, 139
51, 119
58, 455
88, 661
51, 696
55, 344
82, 568
48, 086
47, 750
86, 779
.54, S92
48, 118
94, 507
101.78',)
17, 506
13, 990
i 48, 093
23,113
14, 401
i 49, 440
24. 486
18, 145
i 59, 821
22,517
18, 152
175,917
22, 961
20, 467
68, 503
11,247
17, 025
i 69, 024
10, 006
15, 301
i 72, 207
4, 519
16, 988
i 64, 635
14, 780
i 63, 177
9, 189
10, 443
i 62, 053
i 77,911
354
375
368
330
381
456
431
430
560
497
571
523
545
470
550
542
474
484
501
517
428
434
420
398
371
342
l 1,028
1
1
1884
411,375
836
13, 634
54, 817
758
1787
1736
1826
i 960
i 1, 023
i 1,065
i 1, 071
i 1, 048
38, 327
40, 639
10, 389
30, 250
32, 421
33,922
9,988
23, 934
17, 627
52, 839
14, 530
38, 309
40, 406
65, 112
19, 834
45, 277
47, 330
62, 848
15, 022
47, 827
41, 546
46. 535
12, 406
34, 129
63, 350
55, 328
11,048
44, 280
33, 189
56, 214
47, 188
46, 174
47, 238
30, 036
44, 440
2 430
42 010
27, 134
10, 342
26, 064
21, 050
16,295
36, 449
37, 356
14, 968
43, 286
40, 929
16,417
52, 213
45, 619
17, 740
52, 841
35, 393
27, 890
55, 996
31,828
27, 851
38, 743
33, 187
23, 092
52, 396
34, 211
22, 909
26, 668
20, 727
48, 420
30, 529
53,167
30, 744
60, 334
33, 316
46, 555
26, 559
40, 506
25, 545
39, 642
21, 673
35, 324
17, 639
53,311
28, 798
52, 888
27, 246
56, 479
28, 553
47. 343
23. 262
46, 850
23,818
(i)
7,756
9,724
0)
7,968
4,767
6,286
9,586
i 44, 709
6,975
9,390
i 61, 989
8, 962
24, 248
i 64, 536
10, 276
11, 536
47
208
334
128
178
285
220
228
276
600
404
472
1,123
621
974
793
564
1,202
93, 264
163,360
80, 988
136, 002
104, 675
121, 179
180, 934
153, 478
276, 465
214, 226
68, 051
50, 748
57, 790
47, 667
72, 730
43, 033
121, 808
63, 370
59, 523
118, 382
41, 698
167, 553
78, 244
155. 135
2 35. 496
97, 930
.176
.196
297
363
80 792
114, 983
34, 039
225, 034
.162
2
214
(0
4,119
2 195
63, 490
44, 990
551, 263
.189
1
11, 543
45, 921
1
r
52, 630
40, 841
19,082
10, 194
1, 045
i 1, 062
41, 138
61, 070
36, 723
4,619
32, 104
64, 624
45, 093
7, 677
37, 415
29 697
40 324
57 897
37, 616
30, 386
41, 987
33, 340
34, 241
31, 621
38 365
22, 926
28 100
26, 769
20, 732
42, 166
32, 099
37,531
25, 683
48, 080
31, 844
42, 026
28, 277
49, 264
26, 499
35,112
23, 224
55,812
49 398
24 438
56, 197
27, 784
48, 214
27, 626
45, 747
25 060
39, 206
24 108
i 103, 572
12, 813
12, 903
1 101, 745 l 106 153
10, 239
10, 336
12, 696
9,493
i 94 075
8, 469
18, 728
i 93 482
11 505
10, 311
1,138
148
448
838
56
319
575
37
229
393
15
164
244
251, 982
207. 924
193, 620
190, 875
198, 130
199 134
144 994
165 276
106, 323
130, 717
74, 216
105, 949
195, 045
89, 685
182, 355
98, 408
138, 678
100 065
144 222
105 049
103 897
87 973
77, 628
60 610
54, 719
48 528
85, 825
116, 937
3 26, 052
73, 621
143, 075
112, 573
2 26, 749
107, 144
160 209
116, 590
2 33, 460
155, 036
126 329
119 877
35, 140
180, 709
110 864
92 265
2 23' 196
204, 544
95 400
76 811
23, 497
226, 525
65 744
62' 876
2 ig 355
231, 652
.205
.208
.237
(*)
(*)
3 739
6 109
3 376
5 579
189
216
269
321
297
1
83, 938
10,211
18, 719
8,976
28, 118
1
122 OOQ
107, 832
30. 587
171, 591
2
.237
90 487
11,824
369
433
3
3,270
2 255
0
4.03
890
716
1
326, 209
2
.262
416
356
(*)
5,036
2
461
443
400
117
142
24
96
70
r
»• 48, 437
94 795
43 989
89 767
r38 305
r 30 018
34 127
22 329
15
r
r
54
63
2 19
226,
149
388
644
997
0)
39 263
35 473
64 121
2 19 203
194, 120
0)
5 37 961
3,963
5 111
3.84
2,946
2,505
0
3.75
3.55
3.26
3.45
3.87
4.55
4.84
4.89
4.68
4.33
3~68
82, 216
50, 031
569, 973
.187
57, 809
65. 721
561, 185
.188
77 316
58, 402
561, 102
.186
68 708
54, 657
556. 570
.170
72 635
51, 553
591, 636
.172
74 946
60 551
74 953
68, 186
601, 736
.240
67 511
61, 588
605, 329
.242
70 002
60, 826
620, 535
.234
74 079
59, 40,5
0
o
3,469
6 177
o
3 549
9 362
o
13, 913
28 478
15 637
19 315
15, 416
9 003
13 634
2 484
19 570
57 878
22 799
81 201
141, 705
132 235
120, 525
159 261
109 087
100 548
157 026
166 442
162 308
137 695
145 546
149 258
190 723
153 276
156 275
216 217
170 013
167 065
88 338
77, 528
.171
104 423
73 394
.174
75 Q71
67 121
.185
53 358
60 116
.203
65 896
51 274
.191
81 162
51 045
.215
3 648
9 007
o
3 051
8 670
o
3 186
8 075
o
r ((,-)
o
3 484
5 5(55
(6)
49,610
60,401
609, 867
.195
613, 664
.224
63 724
60, 317
608, 807
.236
24 687
77 163
25 075
78 682
22 470
72 988
24 737
62 798
21 918
53 983
21 260
42 191?
235 609
163 893
160 038
240 745
201 298
184' 543
215 973
171 360
162 202
240 426
201 472
165 94^
212 077
180 21^
141 076
209 *^64
113 499
65 175
.268
131 235
70* 495
.266
1 30 692
9s' 790
.278
125 870
1^9 607
. 282
3 700
5 245
3 287,010
99 828
54 237
. 250
623,490
.201
i 7 ^19
i r" o c i
. 258
. 225
r
Revised, i Data for crude palm, coconut, castor, and sperm oil are excluded from the pertinent items for June-August; beginning September 1950 these oils have been iv^torod mi
commercial stocks basis.
"
2
Compiled by the U. S. Department of Commerce, Bureau of the Census.
3
4
5
6
December 1 estimate.
No quotation.
July 1 estimate.
Less than 500 bushels.
tRevised series. Beginning in the September 1949 SURVEY, data include oleomargarine of vegetable or animal origin.
SURVEY OF CURRENT BUSINESS
S--2G
Unless other-wise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
August 1951
1950
June
July
August s«phr-
19.>1
October
November
December
January
February
March
April
May
!
i
June
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS, OILS, ETC.— Continued
Vegetable oils, oilseeds, etc.— Continued
Oleomargarine:
Production
thous. of Ib
Stock^ (factory and warehouse)*
do
Price, wholesale, vegetable, delivered (eastern
U s.)
.-dol. per lb__
Shortenings and compounds:
Production
. ..thous. of lb_
Stocks, end of month
do
69, 334
24, 247
i 89, 425
12,193
i 84, 129
21, 383
i 64, 829
16,811
.244
.249
.264
115,440
117, 648
101,037
71.189
180, 280
60, 544
108, 910
98, 634
36, 719
61,915
10, 276
99,212
89, 857
33, 008
56, 849
9,354
2,072
6,603
628
817
32, 415
25, 170
15, 059
32, 596
25, 539
9,500
21, 772
2,397
7,240
563
830
25, 901
26, 570
13, 505
34, 376
22, 760
9,348
21,567
1
1
1
i 74, 234
14, 807
i 93, 852
12, 645
.269
.264
.279
.294
.316
.324
.324
.324
.316
.300
156,820
71.852
142, 215
85, 962
155, 333
81, 121
144, 092
103, 583
160,179
88, 956
138, 518
99, 623
112,025
123, 554
98, 840
152. 844
106, 416
151, 602
86, 770
140, 550
122, 629
111,165
42,161
69, 004
11,465
103, 323
93,170
38, 417
54, 753
10, 153
99, 384
90, 366
41, 114
49, 252
9,018
87, 384
79, 599
37, 575
42, 024
7,785
82,117
74, 474
35,111
39, 363
7,643
111,118
101,046
41, 149
59, 898
10, 072
99, 792
90, 969
37, 361
53, 608
8,823
113, 436
103, 693
44, 387
59, 306
9,743
106,060
96, 651
41. 786
54, 864
9.410
' 110, 639
'1 00, 175
r
41, 357
r
58,8!7
r
10, 464
104, 673
94, 506
38, 872
55, 634
10, 167
2,585
8.389
798
1,111
38, 128
27, 993
17, 994
36, 142
25, 806
12,832
23, 969
2,719
7,248
638
1,150
36, 905
29, 377
16, 237
35. 138
25 718
10, 738
24. 893
2,831
8,643
711
1,329
36, 367
29, 658
16,658
39, 036
26,614
12,087
26, 807
2,659
6,696
706
1,069
34, 529
30,110
17, 602
33, 731
24, 161
11,683
24, 890
2,812
7,069
673
815
36, 227
25, 398
17, 178
36, 772
24, 218
11,118
27, 428
3,154
7, 205
730
1,334
40, 848
24, 593
19, 872
2 34, 400
2
30, 180
11, 646
2 16, 295
2,589
5,802
668
1, 056
32, 541
21,717
17, 360
2
31, 813
2 28, 224
10,882
2
14. 264
2,986
6,215
807
1, 252
39, 852
25, 162
21, 460
2 37, 880
2 33, 891
11 996
2
16, 563
3,261
6.707
695
1.044
37, 586
25, 498
22, 342
39, 260
32, 576
10 805
14. 040
2,895
6,100
726
1,152
39, 292
27, 236
18 265
2
39, 730
2 32, 019
9 436
2 16, 140
i 89, 959 i 112,813
14, 150
19,905
i 79, 493
21,811
91, 137
22, 987
71.394
20. 066
i 80, 344
17, 959
71,301
19, 685
PAINT SALES
Paint, varnish, lacquer, and filler, total
thous. of dol_.
Classified , total
do
Industrial
- - - do
Trade
do
Unclassified
do. _ _
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:*
Cellulose acetate and mixed ester plastics:
Rheot^ rods and tubes
thous.
IVTolding and extrusion materials
Nitrocellulose sheets rods and tubes
Other cellulose plastics
_ _ _
Phenolic and other tar acid resins
Polystyrene
TJrea and melamine resins
Vinyl resins
Alkvd resins
- - Miscellaneous resins
-
of lb__
do
do -_
do_._do _
do_ _
do
do
do
do_ _
r
r
ELECTRIC POWER AND GAS
ELECTRIC POWER J
Production (utility and industrial), total
mil. of kw.-hr_Klectric utilities total
do
By fuels
do _
By water power
do
Privately and municipally owned utilities
mil. of kw.-hr__
Other producers
do_ _
Industrial establishments total
do
By fuels
--- ----do
By water power
do
Sales to ultimate customers, total (Edison Electric
Institute)
.- mil. ofkw.-hr
Commercial and industrial:
Small light and power
do
Large light and power
_
do
Railways and railroad''
do
Residential or domestic
do
Rural (distinct rural rates)
do
Street and highway lighting
do
Other public authorities
do
Interdepartmental
do
Revenue from sales to ultimate customers (Edison
Electric Institute)
thous. of dol_.
31, 608
26, 685
18, 701
7,984
31, 626
26, 780
19, 273
7,507
33, 874
28, 869
21, 338
7,531
32, 650
27, 774
20, 231
7,543
34, 307
29, 151
21, 763
7,388
34, 072
29, 006
21, 345
7,661
35, 779
30, 632
21, 944
8,689
36, 726
31,418
22, 539
8,879
33, 102
28, 219
20, 012
8,207
36, 172
30, 920
21, 699
9,221
34, 431
29, 293
20, 283
9,010
35. 136
29; 871
21, 334
8,537
34, 966
29, 840
21,819
8,021
22, 952
3, 734
4, 923
4,484
439
22, 914
3,866
4,846
4,459
387
24, 780
4,090
5,005
4,647
358
23, 744
4, 030
4,876
4,511
366
25, 189
3,962
5,157
4,781
376
25, 073
3,933
5,066
4,699
367
26, 268
4, 365
5, 146
4,748
398
26,990
4,427
5,308
4.872
436
24, 156
4. 063
4,883
4. 469
413
26, 551
4, 369
5, 252
4,843
409
25, 246
4,048
5, 138
4,683
455
25, 852
4,019
5, 265
4, 836
429
25, 778
4,062
5,126
4,736
390
22, 694
22, 637
23, 777
24, 157
24, 458
24, 673
25, 640
26, 690
25, 966
26, 001
25, 940
25, 467
4,107
11, 547
450
5,072
694
192
583
49
4,277
11,260
437
5,034
818
200
564
46
4, 367
12, 236
456
4,991
874
219
589
46
4,434
12, 301
447
5,256
836
249
593
42
4, 321
12, 611
476
5. 482
631
280
613
42
4,332
12, 556
494
5,803
522
300
625
41
4,443
12, 596
557
6, 560
478
321
638
47
4,733
12, 694
574
7,189
473
319
664
44
4, 652
12, 351
531
6,974
476
282
659
42
4, 565
12, 772
541
6, 593
546
279
654
50
4.556
12, 868
4S7
6,339
724
254
656
47
4, 482
12, 937
465
5, 949
708
231
648
47
414, 734
412, 437
421, 090
430, 680
435, 286
440, 961
458, 072
474, 794
467, 200
460,900
456. 779
451, 677
GASJ
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
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 (incl house-heating)
do
Industrial and commercial
do
Revenue from sales to consumers, total
thous of dol
Residential (incl house-heating)
do
Industrial and commercial
do
9,617
8,960
649
146, 059
93,636
51, 194
9,154
8,537
609
97, 507
55, 747
41,040
9,127
8,505
616
134, 603
87, 847
45, 495
146, 139
107, 005
38, 225
108, 008
77, 182
30, 238
139, 521
102, 147
36, 455
13, 941
12, 783
1,143
882, 363
255, 373
601,037
14, 490
13, 339
1,137
740, 818
108, 884
597, 808
15, 076
13, 830
1, 231
988 031
297 143
659 976
319, 382
175, 734
139, 144
229, 031
92,812
130, 304
372 223
206 351
159 895
r
Revised.
1 Compiled by the U. S. Department of Commerce, Bureau of the Census.
2 Beginning January 1951, the comparability of the data has been affected by the following changes
in classification and coverage: Vinyl resins, sheeting and film, originally reported on a total-weight basis are now shown on a resin-content basis; alkyd resins include all other uses, previously
reported with miscellaneous resins (all other uses for January 1951, 1,137 thous. Ib.); miscellaneous resins exclude all petroleum resins (petroleum resins for January 1951, 14,283 thous. Ib.).
*New series. Data for stocks of oleomargarine are compiled by the 17. S. Department of Commerce, Bureau of the Census; figures for January-July 1949 will be shown later. The data for
production of synthetic plastics and resin materials, compiled by the U". /S. Tariff Commission beginning July 1948, are essentially comparable with the series for shipments and consumption
(reported by the Bureau of the Census) previously shown here, except for inventory changes (which tend to balance out over a short period) and the inclusion of reports from a few additional
re
"
"
companies. Data for alkyd resins and rosin modifications are not available prior to 1949.
^Revisions for January-July 1949 for electric-power production and for the first two quarters of 1949 for the gas series will be shown later.
SURVEY OF CURRENT BUSINESS
August 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-27
1951
1950
June
July
August
September
October
November
December
January
February
March
May
April
June
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
9,368
Production
thous. of bbL .
8, 696
Tax-paid withdrawals
do
10, 982
Stocks end of month
do _.
Distilled spirits:
21,358
Production
- -thous. of tax gaL _
Consumption, apparent, for beverage purposes
13, 615
thous. of wine gaL8,091
Tax-paid withdrawals
thous. of tax gaLStocks, end of month
_
.
do_ . 708, 562
1,291
Imports
thous of proof gal
Whisky:
12, 521
Production
thous. of tax gal
5,228
Tax-paid withdrawals
_
do
643, 280
Stocks end of month
_ _
_ _do
1,196
Imports
thous. of proof gaL.
Rectified spirits and wines, production, total c?
9,109
thous. of proof gal—
7,612
Whisky
do
Wines and distilling materials:
Sparkling wines:
98
Production
thous. of wine gal. 78
Tax-paid withdrawals
do
1,619
Stocks, end of month
__ _
do
40
Imports __
do. .
Still wines:
887
Production
do
7,588
Tax-paid withdrawals
_
do
127,000
Stocks, e n d o f month _ _ _ _ _ _ _ _
do
347
Imports
do
216
Distilling materials produced at wineries.- .do
9,241
8,511
11,196
9,040
8,621
11,078
6,870
6,845
10, 648
6,391
6,913
9,692
6,166
6,019
9, 451
5, 893
6,163
8, 815
6,872
5,894
9,440
6,075
5, 237
9,921
7,514
6,675
10, 341
7, 476
6, 449
10, 910
8,402
7,697
11, 107
8, 965
8,187
11,302
21, 695
33, 042
41, 863
47, 852
38, 254
35, 444
36, 063
28, 605
35, 339
28, 620
27, 893
25, 807
18, 757
10, 537
712,863
1,832
20, 280
16, 142
720, 296
1,692
15,473
11.348
737, 771
1,461
15,177
10, 128
760, 806
1,706
17, 630
11, 064
780, 654
2,189
24, 564
12, 061
795, 181
1,856
20, 725
16, 986
808, 922
1,474
18, 161
13,606
820, 073
1,316
15, 108
10, 273
843, 250
1,387
11,674
5, 315
865, 164
1,277
13, 035
7,001
884,516
1,309
7,274
901, 106
10, 339
6,575
645, 268
1,719
15, 072
9,869
647, 062
1,534
17, 758
6, 455
656, 999
1,322
20, 536
5, 939
670, 213
1,543
22, 241
6,557
684, 031
1,994
19, 244
6, 899
694, 210
1,638
20, 207
9,772
701, 634
1,311
16, 235
7,811
707, 672
1, 160
19, 979
6,107
720, 712
1,247
14, 727
3,076
731,629
1,155
15, 912
3. 713
542, 588
1,209
13, 273
3, 641
751,241
10, 233
8,749
16, 230
14,029
11,081
9,741
10, 233
9,037
11,112
10, 177
11,063
10, 153
14, 834
13, 523
12, 227
11,170
8,436
7,269
4, 836
3,834
6,019
5, 239
5, 896
5,240
44
53
1,605
27
116
87
1,627
41
73
111
1,579
44
77
148
1,499
68
83
168
1,398
119
60
170
1,267
118
85
86
1,259
49
149
66
1,327
35
68
78
1,306
39
195
53
1,438
38
180
82
1,525
36
758
8,236
117, 335
255
1,509
4,250
11,367
109, 347
276
12, 813
41, 610
11,271
143, 694
331
98, 229
59,214
12, 657
194, 870
459
124, 020
15, 253
11. 768
198, 490
562
36, 337
4,818
10, 778
187, 747
534
10, 855
2,081
11, 246
176,428
353
1,460
1,711
9,680
166, 912
309
1,007
2,301
10, 598
158, 371
388
1,342
1,367
8,869
150, 596
412
703
1,565
8, 394
142, 987
398
466
r 167, 025
185, 167
.599
146, 760
230, 063
.603
124, 960
239, 398
.614
103, 035
234,111
.633
91,930
208, 228
.642
75, 910
159, 873
.647
79, 000
105, 192
.664
86, 675
75, 329
.698
81, 270
52, 507
.694
93, 700
33, 378
.671
104, 395
32, 207
.670
' 143, 665
>• 115, 675
254, 246
229, 785
4,355
124, 370
99, 180
280, 948
256, 395
3,564
107, 395
84, 395
316, 661
287, 977
8,937
89, 560
67, 900
326, 907
292, 421
6, 854
80, 035
58, 095
310, 240
276, 930
5,185
67, 030
45, 830
261, 259
233, 733
4.885
67, 925
45, 265
212, 493
187, 157
3,618
71, 035
49, 495
179,577
155,117
5,479
70, 605
49, 585
160, 621
137, 397
9,063
89, 245
64, 565
155, 095
130, 655
4,447
.341
.349
.354
.360
.363
.386
.447
.455
.437
.407
.414
.420
30, 750
5,230
348, 800
31,000
4,850
302, 100
28, 350
6,200
284, 300
21, 200
5,900
232, 600
19, 575
5,325
202, 000
15, 100
4,260
159, 000
18, 350
4, 135
156, 300
18,400
5,435
182, 000
16, 390
5,025
190,000
21, 525
4,350
258, 600
22, 785
4,375
289, 500
36, 850
5,850
388, 000
35, 275
6, 275
370, 250
9,733
343, 988
7,368
340, 962
7,016
349, 397
9,409
388, 620
9,296
383, 161
10, 494
316, 666
6,883
159, 559
7,598
88, 859
6,753
113, 207
9,501
91, 682
8,325
148, 505
9,566
222, 603
8,796
426, 747
465
16, 905
2,699
6,291
741
11, 741
983
18, 075
1,378
8,199
4,327
8, 225
2,411
9,352
1,123
8,337
1,969
8,995
1,720
13, 874
2,961
22, 487
3, 306
24, 368
9.10
5.09
9.10
5.10
9.30
5.29
9.30
5.37
9.50
5.37
9.50
5.39
9.72
5.63
10.49
6.06
10.80
6.15
10.80
6.16
10.80
6.16
10.80
6.16
10.80
6.14
12, 538
5,749
4.29
11,870
5,078
4.39
10, 620
4,392
4.52
9,396
3,633
4.62
9,081
3,246
4.79
8,402
2,678
4.84
8,523
2,738
4.88
8,960
2,999
4.98
8,527
2.905
5.09
9,690
3,536
5.08
10, 328
3,937
5.05
11, 856
5.00
12, 553
5, 330
4.98
13, 200
116, 750
11,550
90, 000
11,885
60,950
10,400
42, 900
11.300
35, 800
9,920
30, 550
9,850
39, 480
10, 784
42, 000
12,090
40, 150
16, 330
53,000
17, 030
66, 750
17, 750
94,600
15, 550
102,500
13, 219
93, 263
13, 935
82, 722
13,630
59,017
12, 503
42,445
13, 284
31, 444
11,644
23, 498
10, 231
22, 030
10, 784
22, 545
13, 811
39, 959
14, 464
26, 791
16, 564
42, 580
19,190
76, 123
22, 241
110,013
6,118
17, 124
4,643
17,704
4,711
21,028
5, 966
17, 957
6,047
20,010
5,308
18, 994
5,334
15, 070
4,644
9,369
4,483
13, 653
6,613
26, 535
»• 5, 085
15, 881
7,177
.117
.117
.118
.119
.121
.124
.131
.133
.137
.144
.145
4, 257
12, 891
11, 994
3,183
6,931
10, 958
390, 646
361, 867
294, 223
272, 111 " 270, 206
DAIRY PRODUCTS
Butter, creamery:
Production (factory )J
thous oflb
Stocks, cold storage, end of month
do
Price, wholesale, 92-score (New York) .dol. per lb__
•Cheese:
Production (factory), totalt . _-.. thous. oflb
American, whole milkt
do
Stocks, cold storage, end of month, total. ..do
American, whole milk
do
Imports
do
Price, wholesale, American, single daisies (Chicago)
dol. per lb_.
Condensed and evaporated milk:
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. o f l b
Evaporated (unsweetened)
do
Exports:
Condensed (sweetened).
do
Evaporated (unsweetened)
do
Prices, wholesale, U. S. average:
Condensed (sweetened)
dol. per case
Evaporated (unsweetened)
_ do
Fluid milk:
Production
mil. of lb__
Utilization in mfd. dairy products
...do __
Price, dealers', standard grade
dol. per 100 lb_.
Dry milk:
Production :J
Dry whole milk
thous. of lb_.
Nonfat dry milk solids (human food)
do
Stocks, manufacturers', end of month:
Dry whole milk
do
Nonfat dry milk solids (human food)
do
Exports:
Dry whole milk
do . __
Nonfat dry milk solids (human food)
do
Price wholesale, nonfat dry milk solids (human
food), U. S. average
dol. per lb._
.347
. 127
r
134, 545
42, 590
.701
143, 855
73, 853
.686
r
100, 140 r 131, 695
75, 190 ' 102, 515
169, 822 r 197, 412
144, 441
3.212
2! 639
141,200
112,040
232, 363
202,012
.146
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous. of bu_.
i 120, 499
Shipments, carlot _ _ _ . . no. of carloads
554"
254"
5," 427
339"
6,~114~
1,265
4,041
3,860
3, 883
Stocks, cold storage, end of month ..thous. of bu_.
165
102
7,321
34, 451
40, 032
115
33,621
27, 273
20, 135
Citrus fruits, carlot shipments
no. of carloads..
9,463
7,514
4,994
5,676
6,551
5,988
14, 032
10, 944
9,849
Frozen fruits, stocks, cold storage, end of month
thous. of lb_. 356, 409
414, 557
461, 956
479, 353
466, 135
497, 878
449, 989
431, 711
408, 361
Frozen vegetables, stocks, cold storage, end of
month
thous. of lb_. 235, 955
283, 334
361, 366
430, 576
454, Oil
457, 573
425, 170
375, 269 328, 520
Potatoes, white:
1
Production (crop estimate) _.
_thous. of bu
439 500
Shipments, carlot
no . of carloads
24, 176
12, 864
11,632
15, 024
15, 279
13, 513
13, 702
18, 588
17, 165
Price, wholesale, U. S. No. 1 (New York)
dol. per 100 lb_.
3.242
3.485
2.650
2.636
2.515
2.128
3.121
3.039
3.315
r
2
Revised.
1 December 1 estimate.
July 1 estimate,
cf Figures beginning July 1950 exclude production of wines and vermou th; for Jul^l 1949-June 1950, such productio a totaled 82 ,000 gallon s.
JRe visions prior to 1949 are shown on p. 24 of th 3 August 1<)50 SURVEYT ; those for January-( October 194 9, on p. S- 27 of the Ja nuary 1951 issue.
2
22,836
20, 735
2.926
4.005
r
r
r
r
1, 703
2, 844
12, 658
418, 666
r
121,916
515
10, 425
481, 707
290, 244
21, 168
2 356, 043
22, 430
4.107
3. 733
SURVEY OF CURRENT BUSINESS
S-28
August 1951
1951
1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June
July
August
September
October
November
December
January
February
March
April
May
June
FOODSTUFFS AND TOBACCO—Continued
GRAINS AND GRAIN PRODUCTS
Exports, principal grains, including flour and meal
thous. ofbu.Barley:
Production (crop estimate)
do
Receipts, principal markets
__
do
Stocks, domestic, end of month:
Commercial
do
On farms
do
Exports including malt
do
Prices, wholesale (Minneapolis):
No 2 malting
dol. per bu
No 3 straight
do
29, 218
29, 755
28. 185
29, 581
33, 944
39, 857
41, 338
56, 316
59, 384
81, 788
61.613
21,441
13, 503
1301,009
12, 581
9,821
8,909
6,663
8,801
9,703
6,822
262, 590
6.819
34, 026
34, 541
30,165
24, 585
2,247
4, 559
27, 476
88, 869
6,173
24, 692
3,599
32, 625
139, 338
4,181
31, 635
2, 588
6,084
2, 515
24, 285
40, 194
1. 568
1.512
1.687
1.617
1.742
1.673
1. 738
1. 628
1. 625
1. 445
1.517
1.365
1.388
1.261
3, 131
10. 867
42, 716
12,864
54, 945
11, 182
34, 227
13,004
33, 010
10, 893
25, 664
10,860
21,914
2 3, 295
10, 769
21,155
42, 570
814. 9
27, 395
5,894
25, 924
30 929
361
25, 984
28, 593
1,119
1,252
33. 429
1«0. 508
2, 582
1.687
1.601
1. 692
1.649
1.545
1.484
1.529
1.451
1.488
1.394
1. 561
1.476
10, 682
26, 726
11,371
26, 697
12. 096
33, 367
11.973
23, 264
11,932
24, 371
11,778
52, 010
42, 874
1, 060. 4
6,644
39, 434
39, 768
52, 137
74, 058
50, 939
10, 355
8,825
11,621
71, 453
1, 353. 1
12. 979
61, 636
7,176
59, 365
2, 160. 5
11,151
70, 093
10, 938
40, 127
486.2
5,317
38, 779
7,117
15, 035
8. 895
(3)
1.489
1.462
(3)
1.556
1.630
(3)
1.534
1.511
(3)
1.541
1.498
1. 528
1.521
1.462
1.760
1.581
1.500
(»)
1. 686
1. 557
(3)
1.738
1. 595
(3)
1.818
1.659
(3)
1.770
1.645
1.889
1.799
1.703
1.870
1.774
1.688
(3)
1.721
1.617
7r313
9,066
17, 102
11,013
8,977
7,211
i 1, 465
7,370
6,783
4,267
5,605
8,263
9,588
• 1.368
7. 923
11, 268
192, 392
579
12, 510
18, 275
18, 226
15.231
14,971
432
14, 889
264, 557
447
13, 828
559, 676
1,190
13, 030
366
17, 698
907, 660
324
17, 585
333
22, 020
1,168,742
257
20, 381
1,055
726
440
.947
Corn:
Production (crop estimate)
mil of bu
Grindings, wet process
thous. of bu__
Receipts, principal markets
do
Stocks, domestic, end of month:
Commercial
do
On farms
mil of bu
Exports, including meal
thous. of bu._
Prices, wholesale:
No. 3, white (Chicago)
dol. per bu._
No 3 yellow (Chicago)
-do Weighted average, 5 markets, all grades. do
.890
.781
.816
.812
.928
.977
.995
.996
.993
.980
.931
16, 968
1
Oats:
Receipts, principal markets
thous. of bu_.
Stocks, domestic, end of month:
Commercial
- - -do
—,
t ' i Vr
f- pal
do
Price, wholesale, No. 3, white (Chicago)
dol. per bu._
Rice:
1
California:
Receipts, domestic, rough
thous. oflb._
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of monthj
thous. of Ib
Southern States (Ark., La., Tenn., Tex.):
Receipts, rough, at millsO
thous. of lb._
Shipments from mills, milled rice^
do _.
Stocks, domestic, rough and cleaned (cleaned
basis) end of month f
thous. of Ib
Exports!
do
Price, wholesale, head, clean (N. O.)--~dol. perlb..
111,988
110,244
109, 357
73, 299
65. 702
73, G75
16,204
11,100
163, 842
24, 661
58, 484
37, 295
Stocks, end of month:
Canada (Canadian wheat)
do
United States, domestic, totald"
do
Commercial
_ _ _ __do
Interior mills, elevators, and warehouses
thous. of bu__
iier
i
- Exports total including
\Vheat only
flour
do
do
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
dol. per bu__
No. 2, hard winter (Kansas City)
do
No. 2, red winter (St. Louis)
do
Weighted avg., 6 markets, all grades
do
Wheat flour:
Production:!
Flour
thous. of sacks (100 lb.)__
Operations, percent of capacity§
Offal
short tons..
Grindings of wheat f
thous. of bu_.
Stocks held by mills, end of month
thous. of sacks (100 Ib.) —
.865
2 94. 070
84, 380
42, 174
58, 099
58, 298
28, 657
50,618
34, 374
45, 169
25, 414
42, 524
37, 536
54, 961
30, 167
62, 332
30, 734
50,908
47, 911
14, 179
14, 274
91,714
90, 474
57, 204
64, 573
62, 221
64, 246
53, 497
56. 873
65, 013
41, 154
126, 695
289, 728
145, 146
715, 391
266, 891
999, 638
225, 808
402, 280
170, 603
126, 718
167, 798
101,464
185, 318
78, 659
149, 397
58, 548
125, 950
36, 447
87, 562
19, 933
77. 132
25, 42H
99. 134
188, 747
82, 607
.081
90,151
197, 345
.085
132, 419
83, 407
.090
328, 120
162, 532
.085
757, 612
107, 336
.089
857, 876
81, 930
.099
776, 126
77, 914
.098
663, 977
67, 999
.099
569. 695
66, 834
.100
482. 688
64, 163
.105
419,822
43, 343
.105
356, 857
13, 024
.105
279. 413
722
5,900
1.418
Receipts, principal markets
.
_do
Stocks, commercial, domestic, end of month^do
Price, wholesale, No. 2 (Minn.)
dol. per bu_.
mil of bu
do
do
thous. of bu_.
285
39, 350
142, 501
Rye:
Wheat:
Production (crop estimate) total
Spring wheat
Winter wheat
Receipts, principal markets
2
7,217
1,484
5,786
1.483
2,986
7,174
1.382
1,576
7,694
1.388
887
7, 518
1.369
665
7,716
1.463
i 22, 977
2,689
7,871
1.627
533
7,363
1.764
415
6,861
1.894
465
5,851
1.878
1,029
4,036
1.923
760
2, 733
1.883
38, 820
239, 736
82, 214
97, 810
100, 743
436, 760
168, 497 "219," 702"
61, 948
85, 886
256,411
45, 302
245, 370
48, 301
212,742
158,197
197, 072
1,205,052
260, 104 "261," §I3" " "253," 690 "
31,013
326, 926
221, 548 214,399
188, 379
204, 220
999, 987
r 715, 959
247, 318 " 227,821" "206,379
193, 663
168, 777
166. 795
167, 086
395, 043
157, 848
2. 366
2. 179
2.127
2.243
2. 385
2.224
2.204
2.268
2.460
2. 346
2. 329
2. 355
18,811
74.5
374, 874
43, 719
18,498
76.8
377, 024
42, 905
19, 658
85.8
389, 965
45, 546
2.530
2.228
2.190
2.300
2.440
2.209
2. 163
2.285
2.420
2.210
2.144
2.285
18, 970
81.6
382, 753
44, 175
21,079
79. 6
422, 168
49, 099
18,869
82.3
374, 335
43, 807
4.635
1,655 ~~~~2,~373~
1,308
4. 931
1,422
17, 675
68.9
353, 333
41,065
51, 853
29, 958
24, 608
19,114
16, 487
2.446
2.170
2.160
2.297
48, 928
26, 192
19, 557
16, 367
15, 494
12, 446
20, 319
14, 789
1,127"
I~369~
1, 070. 1
2 363. 4
28, 407
295, 183
33, 151
206, 867
282, 191
129, 357
335, 670
24. 140
19, 456
319, 150
137, 422
483, 612
19,112
15, 799
129, 522
55 934
67 907
21, 490
17, 635
39, 472
25. 648
2, 001 >
1. 834
2
i 1, 026. 8
i 276. 1
r
.104
2
21, 333
177, 355 "177.369
' 200 827
r 101,052
87, 437
74, 018
72, 738
39, 191
34, 324
217, 261
38, 529
33, 023
r 59, 523
52, 129
47, 324
42, 320
2. 493
2.402
2.455
2.414
2.602
2.476
2.529
2.507
2.520
2.401
2.444
2.408
2. 532
2. 435
2.476
2.440
2.537
2. 384
2. 305
2.421
2.448
2. 343
2. 191
2.34*
22, 244
88.4
441.830
51,519
18, 762
82.3
372, 315
43, 558
19, 737
78.7
385,312
45, 820
17, 258
72.5
337, 876
39, 919
18. 556
74.6
367, 000
43. 007
17,115
72.0
342,001
39, 948
5.011
2,011 ""i~867" ~"~2~089~
4,803
2, 363 ~"~3,~173~ ~~~~2."i48~
Prices, wholesale:
Standard patents (Minneapolis)
6. 044
6. 145
5. 925
6. 125
5.912
0. 055
6. 306
5.912
5. 738
5.730
5. 975
5.930
5.688
dol. per sack (100 lb.)__
5. 550
5. 640
5. 284
5.480
5. 569
5. 575
5. 500
5.244
5.819
5. 162
5.165
5.150
5. 002
Winter, straiehts (Kansas Citv)
do
2
3
•• Revised.
i December 1 estimate.
July 1 estimate.
No quotation.
fRevised series. Data for rough rice, included in rice exports and stocks, have been revised using a new conversion factor supplied by the U. S. Department of Agriculture; unpublished
revisions for exports (1933-July 1948) and those for stocks (prior to August 1949) are available upon request. Revised data for January 194 7-July 1948 for wheat-flour product ion and grindings will be published later.
©Prior to the October 1950 SURVEY, data are shown in thousands of barrels of 162 pounds.
cfThe total includes wheat owned by the Commodity Credit Corporation and stored off farms in its own steel and wooden bins; such data are not included in the breakdown of stocks.
§ Based on a 5-day week beginning with the August 1950 SURVEY (prior thereto, on a 6-day week; data for January-June 1949 are shown on p. S-28 of the September 1950 SURVEY.
SURVEY OF CURRENT BUSINESS
Au.snist
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-29
19.E>1
1950
June
July
August
September
October
November
December
January
February
March
April
May
June
FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK
Cattle and calves:
Slaughter (Federally inspected):
Calves
thous. of animals. .
Cattle
do
Receipts principal markets
do
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
dol. per 100 lb._
Steers, stocker and feeder (Kansas City)-do
Calves vealers (Chicago)
do
Hogs:
Slaughter (Federally inspected)
thous. of animals. .
Receipts principal markets
do
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 Ib..
Hog-corn ratio
bu. of corn equal in value to 100 Ib. of live hog..
Sheep and lambs:
Slaughter (Federally inspected)
thous. of animals..
Receipts, principal markets .
.do
Shipments, feeder, to 8 corn-belt States
.do
Prices, wholesale:
Lambs, average (Chicago)..
dol. per 100 lb..
Lambs, feeder, good and choice (Omaha) _do
485
1,066
1.715
160
443
1,070
1.759
152
484
1,184
2,046
239
488
1, 196
2,311
447
515
1.169
2,795
763
505
1,151
2.210
485
445
1, 110
1. 694
251
433
1,160
1.827
183
374
887
1,364
121
447
965
1,442
131
406
894
1. 552
151
414
986
1,555
124
406
787
1,345
111
30.13
27.44
29.00
30.67
27.48
29.60
30.09
26.90
32.00
30.57
26.90
32.88
30.49
26.92
31.70
31.41
28.46
32.38
33. 03
29. 45
32. 38
34. 10
31.88
35.90
34.88
34.42
38.38
35.62
35.12
36.50
35.95
35. 64
38.90
35.71
34.29
37.25
35.68
32. 83
38.31
4,154
2,592
3,314
2, 234
3,626
2,345
4,137
2,431
5,102
2,955
6,144
3,678
6,777
3,991
6,584
4,070
4,159
2,713
5,117
3,061
4,989
3,060
4,952
3,080
4,700
2, 856
18.18
20.65
21.55
21.10
19.41
18.04
18. 52
20.37
22.26
21.62
21.01
20.77
21.07
'13.4
14.9
15.0
14.7
14.0
13.0
12.2
13.0
13.8
13.2
12.7
12.4
13.0
1,019
1,207
166
960
1,149
153
1,076
1,466
355
1, 063
2,001
576
1,081
1,790
591
969
1, 185
238
918
1,048
252
1,058
1,139
110
740
673
119
738
716
93
657
807
157
657
'956
258
811
964
164
27.75
0)
27.25
0)
27.12
27.42
27.62
28.50
28.25
28.90
29.50
29.22
31.38
30. 77
34. 75
33. 62
38.25
0)
40. 50
0)
39. 25
0)
35.50
0)
35. 00
0)
1.501
769
50
1.366
649
45
1,449
542
42
1,478
469
31
1,621
457
27
1,809
•503
36
1,948
840
56
1,975
1,049
63
1,334
1.007
45
1.537
984
66
1,479
967
77
1,537
^908
79
1,442
849
628, 277
67. 291
1.990
626. 299
66, 051
1.578
696, 567
79, 919
1, 831
704, 754
89, 485
1,829
686, 636
103, 894
1,561
669. 181
124, 307
783
650, 935
160. 544
791
686, 992
172, 291
1,172
527, 293
157, 531
924
576, 081
139, 378
467
595, 451
537, 799
117,821 f 106, 463
495
385
483, 836
92, 591
.488
498
.486
.491
.486
.493
.531
43. 597
6.681
41, 543
6,079
47, 225
5, 998
46, 674
6,486
47, 326
7,994
43, 293
9, 416
41, 964
10, 479
829. 338
697, 727
705,016
726, 906
605, 008
469, 361
3,851
514, 916
394, 402
4. 481
519. 370
303, 588
3,572
547, 272
240, 544
3,284
.548
.480
.611
.579
.586
.587
r
MEATS
Total meats (including lard):
Production (inspected slaughter) ._
mil. of lb..
Stocks, cold storage, end of month. __
do
Exports
do.Beef and veal:
Production (inspected slaughter). ...thous. of lb..
Stocks cold storage end of month
do
Exports
..
.
- .. do
Price, wholesale, beef, fresh, steer carcasses, good
(600-700 Ibs ) (New York)
dol per Ib Lam band mutton:
Production (inspected slaughter)... -thous. of Ib-Stocks, cold storage, end of month
... --do
Pork, including lard, production (inspected
slaughter) ..
.
. . -thous o f l b Pork, excluding lard:
Production (inspected slaughter) . . . . . do.. Stocks cold storage end of month
do
Exports
.... . - - . _ _ do
Prices, wholesale:
Hams, smoked (Chicago)
dol. per lb..
Fresh loins, 8-10 Ib. average (New York). do
Miscellaneous meats and meat products, stocks,
cold storage, end of month:
Edible offal
. -thous. of Ib
Canned meats and sausage and sausage-room
products
thous. of Ib. _
Lard:
Production (inspected slaughter)
do
Stocks, cold storage, end of month
... do
Exports . . ... ... _ _
. . _ _ _ _ . do
Price, wholesale, refined ( Chicago) .. -dol. per lb..
. 551
.557
2
2
.533
2.561
.576
2.578
2.583
2. 578
50, 187
10, 072
36, 188
9,474
36, 529
32. 603
5, 435
31, 456
r 5, 862
35, 892
5, 400
886, 656 1,096,444 1, 255, 175 1,237,582
770, 708
924, 237
908, 712
910, 332
922, 354
665, 625
219, 758
3,425
821,067
326, 300
5,504
923, 638
499, 408
10, 403
896, 297
668, 007
9, 591
570, 361
641, 565
7, 755
684, 025
648, 384
5, 486
672, 100
665, 162
654, 497 '616.231
4.488
3, 7 10
672, 784
575, 989
.482
.467
.498
.408
. 536
.414
.571
.430
.579
.489
. 573
.461
.559
. 474
.565
.488
46, 736
. 553
.463
43, 875
41,288
39, 744
38, 157
38, 932
47, 876
58, 903
63, 808
56, 674
53, 081
51. 146
r
49, 069
45, 952
34, 893
37, 014
35, 608
34, 162
37, 199
40. 374
45, 708
52, 530
57, 376
63, 254
T
61, 637
59, 200
163, 743
136, 258
38. 855
.142
133. 375
106, 613
33, 456
.174
135, 697
75, 496
33, 126
.190
131, 253
58, 241
21, 653
.181
161, 749
52, 128
17,871
.165
200, 922
57, 794
26, 014
.178
242, 183
69, 857
38, 727
.197
249, 441
89, 321
47, 486
.215
146, 508
89, 433
32, 277
.218
175, 502
78,352
55,519
.213
173, 137
75. 171
66, 995
.203
179, 686
r
68, 6.39
68, 083
.198
182,936
69, 004
41, 632
103, 367
.229
39, 168
105, 179
.262
53, 859
140, 352
.239
72, 338
217. 999
.220
87, 741
269, 640
.232
82, 807
281.972
.241
38, 436
284, 623
.272
27, 972
242, 023
.301
34, 806
192, 913
.324
35, 273
43, 097
52, 380
147, 203 ' 125, 359 112, 161
.334
.314
.286
4,687
11,098
4,274
5,199
3,947
3,739
4,074
1,984
3. 977
1,366
4, 351
637
5,021
1,681
5, 203
1,843
6,340
2,159
3,163
174,761
2,568
155, 369
1,558
133, 002
502
104, 378
61
75, 582
34
47,310
75
31,157
159
32, 712
309
62, 298
.398
.412
.503
.560
.577
.577
.425
.449
.468
.200
POULTRY AND EGGS
Poultry:
36, 707
Receipts, 5 markets
thous. of lb._
122, 328
Stocks, cold storage, end of month..
do
.208
Price, wholesale, live fowls (Chicago) -dol. per Ib
Eggs:
5,224
Production, farm
millions
17,146
Dried egg production
thous o f l b
Stocks, cold storage, end of month:
3.667
Shell
thous. of cases
Frozen
thous. of 1 b . . 188. 476
Price, wholesale, extras, large (Chicago) t
.342
dol. per doz.
6.318
2,027
6, 156
3, 235
5, 270
2,652
r
973
2, 083
2, 425
109, 253 ' 162, 659 190, 553
.475
.478
.517
MISCELLANEOUS FOOD PRODUCTS
Candy, sales by manufacturers
thous. of doL.
37, 542
71, 989
75, 588
33, 788
61, 906
53, 723
68, 029
61,844
54, 027
46, 463
56, 278
44, 604
41, 036
Cocoa:
Imports
lono" tons
35. 712
32. 204
26, 475
12, 830
13, 494
14, 596
19, 849
29, 648
26, 482
48, 483
25, 526
32, 373
Price, wholesale. Accra (New York) _ _dol. per Ib
.308
.372
.356
.405
.345
.420
.363
.370
.384
.384
.376
.382
.383
Coffee:
Clearances from Brazil, total
thous. of bags..
1.198
1,721
1,517
1,687
1,684
1,251
1,350
1, 362
966
1,281
' 1, 691 1,447
837
To United States . .
do
803
1. 170
1,095
974
999
713
977
1,033
934
1,304
655
847
572
Visible supply, United States
do
609
715
719
741
768
750
797
728
952
730
830
707
639
Imports
do
976
1,804
2,099
1,729
1,355
1,987
1,381
2,224
2, 344
2,128
1,456
1, 485
Price, wholesale, Santos, No. 4 (New York)
dol. perlb..
.478
.538
.553
.561
.530
.519
.540
.551
.555
.548
.545
.544
.536
Fish:
Landings, fresh fish, 5 ports
thous o f l b
65 671
69, 303
52, 982
70, 140
56,471
29, 074
43, 530
28, 665
38, 692
43, 321
57,916
Stocks, cold storage, end of month . . . . .do
116,897
153, 625 158, 473
137. 307
166, 105
165, 394
157. 722 130, 880 106, 834
96, 367
88! 803 " 105," 944~ ~127,35f
r
2
Revised.
' No quotation.
Grade names approximately one level higher beginning January 1951; designated as "choice".
fRevised series. U. S. Department of Agriculture data replace the series for U. S. standards published prior to the October 1949 issue of the SURVEY. Data for September 1944 to December 1948 are shown on p. 24 of the June 1950 SURVEY.
SUKVEY OF CURRENT BUSINESS
&-30
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
August 1951
1951
1950
June
August
July
September
October
November
December
January
February
March
April
May
June
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS—Con.
Sugar:
Cuban stocks, raw, end of month
thous. of Spanish tons..
United States:
Deliveries and supply (raw basis) :
Production and receipts:
Production
short tons..
Entries from off-shore
do
Hawaii and Puerto Rico
do
Deliveries, total
- - do
For domestic consumption
do
For export
do_ _
Stocks, raw and refined, end of month
thous. of short tons..
Exports, refined sugar
short tons.
Imports:
Raw sugar, total
do. _
From Cuba
- do.-.
From Philippine Islands cT
do
Refined sugar, total
do__
From Cuba
do
Price (New York):
Raw, wholesaledol. perlb..
Refined:
Retail
--. dol. per 5 Ib
Wholesale—
_
dol. per lb._
Tea, imports
thous. of Ib
TOBACCO
Leaf:
Production (crop estimate)
mil. of Ib
Stocks, dealers' and manufacturers', end of quarter total
mil. of Ib
Domestic:
Cigar leaf
do
Air-cured, fire-cured7, flue-cured, and" miscellaneous domestic
mil oflb
Foreign grown:
Cigar leaf
do
Cigarette tobacco
do
Exports including scrap and stems
thous. of Ib
Imports, including scrap and stems
do __
Manufactured products:
Production, manufactured tobacco, total., do
Chewing, plug, and twist
do
Smoking
_ _ _ _ _
do
Snuff
do
Consumption (withdrawals) :
Cigarettes (small):
Tax-free
millions..
Tax-paid
do
Cigars (large), tax -paid
thousands..
Manufactured tobacco and snuff, tax-paid
thous. oflb..
Exports, cigarettes
millions
Price, wholesale (composite), cigarettes, f. o. b.,
destination
.
_ _
dol. per thous _.
* 3, 349
2,721
2,176
1,825
1,186
641
246
506
1,538
2,488
45, 324
550, 711
210, 870
864, 963
861,976
2,987
26, 003
587, 920
231, 972
1,191,606
1,189,474
2,132
90, 775
731, 339
224, 624
949, 970
945, 923
4,047
129, 607
628, 737
237. 608
662, 336
653, 505
8,831
594, 565
450, 538
149, 352
515, 189
504, 709
10, 480
866, 935
320, 519
131, 587
523, 250
510, 224
13, 026
531, 464
203, 654
84, 803
688, 617
681, 353
7,264
111,686
235, 737
21, 153
653, 208
646, 583
6,625
66, 422
553, 832
104, 596
556, 093
546 803
9,290
40, 570
564, 059
164, 129
533, 772
524, 495
9,277
1,178
56, 021
635
7,925
4R7
1,897
605
2,006
1.152
1,782
1,768
5,012
1,836
7,160
1,591
1,344
1,612
1,978
1,722
3, 933
1,818
16, 670
1,285
21, 079
273, 076
216, 334
53, 401
27, 029
22, 998
299, 554
236, 455
61, 963
37, 310
27,487
449, 594
390, 383
52, 413
52, 784
52, 267
353, 195
323, 203
25, 087
25, 736
21, 132
306, 359
275, 485
25, 876
12, 109
11, 895
163, 462
144, 820
11, 103
396
286
134, 063
123, 431
8,401
400
247, 342
234, 282
13, 029
21,011
20, 910
368, 900
285, 682
83, 189
21, 050
20, 600
344, 935
266, 755
78, 165
39, 364
39, 364
344, 583
242, 238
102 344
39, 665
39 465
285, 126
175, 481
109, 636
36, 841
36, 534
.058
,060
.062
.062
.062
.062
.063
.061
.060
.059
.058
.063
.066
.454
.076
9,745
.452
.078
10, 874
.491
.080
8,787
.489
.081
8,752
.482
.081
12, 733
.480
.081
8,662
.480
.081
5, 992
.487
.081
7,536
.490
.081
7,065
.488
.081
9,627
.501
.081
11, 756
.480
.082
7,208
.482
.084
3,838
3,137
34, 751
18, 463
563, 138
567, 747
260, Oil
171, 703
532, 257 1, 104. 322
520 335 1, 094, 004
11,922
10, 318
47,954
620, 832
284, 460
824,919
821,213
3,706
3,538
r
1,090
3
i 2, 056
2, 303
3,672
3,989
384
353
331
398
402
2,960
3,160
3,492
3,355
2,973
3,509
3,942
3,571
18
148
22, 533
7,571
24, 525
5,721
46, 762
10, 407
18
142
72, 980
8,078
68, 037
7,996
52, 679
6,765
16
150
44, 441
6,352
31, 550
8,543
20, 215
7,954
16
172
29, 448
8,020
32, 804
7,597
25, 718
8,733
20,980
7,881
9,333
3,766
16, 578
6,839
6,911
2,828
23,069
8,870
10, 267
3,932
21, 431
7,627
10, 601
3,203
23, 417
7,877
11,918
3,622
19,063
6,884
8,894
3,285
14, 526
5,902
5, 620
2,998
19,810
7,591
8, 510
3,708
18, 150
7,069
7,789
3,293
19, 677
7,328
8,784
3,565
18, 706
6,674
8,732
3,299
20, 145
7,541
9,103
3,501
2,594
32, 815
471, 152
2,820
27, 374
400, 566
4,009
39, 126
587, 406
3,048
30,846
503,738
3,223
29,738
553, 776
2,837
29,825
544, 792
2,619
25, 000
374, 800
2,344
33, 474
458, 877
3,003
28, 857
435, 074
2,600
30, 160
455, 351
3,159
29,524
444, 006
20,095
1,422
16,204
1,484
23, 531
1,554
20,851
1,181
22, 322
1,043
18,591
1,061
13, 498
1,053
20,360
1,235
17, 765
1,153
18, 423
1,564
18, 451
1,381
19,272
1,401
19,091
6.862
6.862
7.056
7.056
7.056
7.056
7.056
7.056
7.056
7.056
7.056
7.056
7.056
17
180
3,996
' 32, 776 32, 042
502, 592
478, 693
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins
thous. of IbCalf and kip skins
thous. of pieces. .
Cattle hides
_
do .
Goatskins
do
Sheep and lamb skins
_ _
__do
Prices, wholesale (Chicago):
Calfskins, packers', under 15 lbs_.
dol. per lb__
Hides, steer, packers', heavy, native
do
28,588
190
245
3,998
5,333
30, 811
348
258
3,479
3,846
36, 447
346
532
3,411
3,276
29,574
411
386
2,816
1,389
33, 641
357
373
3,934
3,169
27,963
382
294
3,463
2,359
19,523
186
272
3,000
1,640
24, 817
416
564
3 477
1,471
17,555
312
156
2 743
1,110
20,247
218
222
2 976
1,533
18, 237
203
175
3 230
1,594
22,300
285
280
3,616
1,655
.484
.245
.485
.278
.560
.309
.575
.331
.575
.322
.605
.346
.662
.358
.680
.400
.625
(»)
.672
(»)
.720
(3)
.790
(»)
930
2,084
2,869
2,868
962
2,193
3,205
2,856
993
2,249
3,319
2,546
860
2,046
3,019
2,333
870
2,298
3,502
2,831
921
2,204
3,196
2,705
904
2,220
3,435
2,492
r
805
1, 916
3, 100
1,968
619
1,957
2,917
1,835
30
43
2,417
38
32
2,283
14
24
2,440
53
95
3,284
5
9
2,848
132
21
2,051
17
17
2,776
12
78
2,087
56
14
1,368
LEATHER
Production:
584
1,052
923
Calf and kip..
thous. of skins_.
1,697
2,071
2,301
Cattle hide
thous. of hides.
2,677
3,318
3,260
Goat and kid
thous. of skins..
1,989
2, 653
3,373
Sheep and lamb
do
Exports:
Sole leather:
22
43
Bonds backs, and sides
thous oflb
79
10
32
39
Offal including belting offal
do
2,271
2,944
2,726
Upoer leather.
thous. of sq. ft_.
Prices, wholesale:
.539
.571
.598
Sole, bends, steer, f. o. b. tannery
dol. per l b _ _
Chrome calf, black, B grade, composite
1.080
1.134
1.037
dol. per sq. f t _ _
T
J
3
Revised. ! December 1 estimate.
July 1 estimate.
No quotation,
cf See corresponding note on p. S-30 of the October 1949 SURVEY.
.625
.657
1.154
1.166
.703
1.174
.782
1.204
r
r
.720
(3)
.864
.911
.926
.911
.911
.911
1.229
1.239
1.229
1.235
1. 235
1. 235
SURVEY OF CURRENT BUSINESS
August 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-31
1951
1950
July
June
August
September
October
November
December
January
February
March
April
May
June
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers :§
Production, total
thous. of pairs.Shoes, sandals, and play shoes, except athletic,
total
thous. of pairs
By types of uppersrcf
All leather
do
Part leather and nonleather
do
By kinds:
Men's
do
Youths' and boys'
do
Women's
_
-do
Misses' and children's
do
Infants' and babies'
do
Slippers for housewear
do
Athletic
do
Other footwear
do
Exports
_
_ _
do
Prices, wholesale, factory, Goodyear welt, leather
sole:
Men's black calf oxford, plain toe_ _dol. per pair. .
Men's black calf oxford, tip toe
do
Women's black kid blucher oxford
_do _ _
39, 070
35, 465
48, 770
43, 928
44, 083
38, 236
35, 894
44, 885
42, 380
r 46, 176
38, 732
37, 392
34, 221
30,954
41, 824
37, 355
36, 720
32, 285
32, 588
41, 451
38 862
r
42, 009
34, 715
33, 468
31, 192
3,127
28, 748
2,141
38, 671
3,011
34, 483
33, 942
2,761
29, 971
2,313
30, 239
2, 401
37, 272
3,106
35 357
37, 785
4,154
30, 638
29, 480
8,554
6,897
1,334
16, 595
9,519
1,777
22, 300
9,155
1,689
18, 810
9,278
8,623
8 175
1,193
15, 309
10 023
1,250
20, 689
9 337
1 155
19 634
10 598
1 235
21 176
9 304
1 025
9 703
1,199
15, 453
2,169
2,961
6,199
2,913
3 249
3 017
1,418
16, 756
4,632
2,861
3,959
4,242
319
288
233
4,026
263
222
U93
9.555
6.750
9.678
6.750
5.150
5.150
2,706
1,607
17, 677
4,941
3,217
1,317
14,784
355
392
4,807
2,894
5,783
363
427
1256
1275
1333
1280
10. 045
7.150
5.150
10. 131
10.388
7.350
10. 388
5,267
7.225
5.150
4,601
6,630
339
394
2,960
5,362
316
273
5.150
7.750
(2)
4,874
3,037
2,858
273
175
3,439
5,937
3.552
5.150
2 863
3,478
299
240
4,204
2 909
3,391
278
223
279
i 401
11. 760
8 800
6. 250
3 6. 2,50
3 6. 250
3 6. 250
1
11.368
8.560
7.975
5,553
3 447
17,316
4,207
3,988
3,552
339
276
i 244
10. 682
r
5,487
277
244
i 196
r
4,077
11.760
8.800
3
5.150
!338
11. 760
8.800
255
278
*307
11.760
8.800
11.466
3
8 688
6 250
LUMBER AND MANUFACTURES
LUMBER—ALL TYPES
Exports, total sawmill products!
M bd ft-Imports, total sawmill products
do
National Lumber Manufacturers Association:
Production, total©
mil. bd. ft
Hardwoods
._
do_.
SoftwoodsO-.
-do
Shipments, totalO
do
Hardwoods_
do
Soft woods O_
do
Stocks, gross (mill and concentration yards), end
of month, total©
mil. bd. ft
Hardwoods
do
Softwoods©-.
do
50, 589
357, 413
44, 852
338, 658
37, 772
339, 051
40, 658
374, 698
39, 397
394, 922
52, 991
259, 024
66, 445
240, 937
54, 685
204,528
68, 282
179, 627
75,971
230, 252
64, 934
232, 274
83, 538
213,085
3,579
754
2,825
3,600
703
2,897
3,338
761
2,577
3,265
703
2,562
3,950
829
3,121
3,758
780
2,978
3,717
848
2,869
3,637
778
2,859
3,687
829
2,858
3, 553
791
2,762
3,356
776
2,580
3,285
743
2,542
3, 009
705
2,304
2,878
651
2,227
3,005
713
2,292
3,199
705
2,494
2,763
634
2,129
2,884
688
2,196
3,288
776
2, 512
3,448
788
2,661
3,469
760
2,709
3,454
786
2,668
3,793
806
2,987
3,474
692
2,782
3,660
837
2,823
3, 171
632
2, 539
6,096
1,992
4,104
6,170
2,050
4,120
6,361
2,099
4,262
6,441
2,168
4,273
6,555
2,203
4,352
6,645
2,237
4,408
6,763
2,291
4,472
6,552
2,299
4,253
6,431
2,244
4,187
6,285
2,233
4,052
6,300
2,207
4,093
6,584
2,321
4, 263
7,111
2,526
4, 585
989
1,044
1,083
921
778
17, 461
5,324
12, 137
848
896
1,009
996
790
17, 087
6,796
10,291
832
754
1,007
974
806
19, 555
6,661
12, 894
940
734
909
960
766
23.083
9,043
14, 040
969
733
860
840
773
33, 603
13, 769
19, 834
1,085
1, 006
913
942
732
25, 280
6,933
18, 347
734
942
817
798
752
36, 804
6,977
29, 827
1,008
925
904
1,025
631
36, 536
11,421
25,115
963
890
978
998
611
36, 743
11,784
24, 959
966
889
1,045
1,012
607
43, 359
13, 792
29, 567
742
704
954
882
717
87. 050
88. 953
86. 940
79. 026
78. 090
6 82. 032
683.902
683.943
683.937
132. 700
6 132. 700
6 132. 700
6 132. 700
SOFTWOODS
Douglas fir:
889
905
Orders, new©
_do
976
845
Orders, unfilled, end of month©
do
794
886
Production©..
do
757
938
Shipments©
do
616
579
Stocks, gross, mill, end of month© . . do
20,200
20, 731
Exports, total sawmill products
M bd. ft_6,684
4,682
Sawed timber
do
13, 516
16,049
Boards, planks, scantlings, etc
do
Prices, wholesale:
Dimension, No. 1 common, 2" x 4" x 16'
dol. per M bd. ft_. « 75. 430 • 82. 389
Flooring, B and better, F. G., I" x 4", R. L.
dol. per M bd. ft_. * 111. 770 « 119. 539
Southern pine:
914
840
Orders, new . _
..
mil. bd. ft
576
469
Orders, unfilled, end of month
do
757
Production
_. _ - . _ .
do
797
807
859
Shipments
_._
do
Stocks, gross (mill and concentration yards), end
1,421
1,471
of month _ _
mil. bd. ft
10, 448
11, 999
Exports, total sawmill products
M bd. ft_.
2,683
2,866
Sawed timber
do
7,765
9,133
Boards, planks, scantlings, etc
do
Prices, wholesale, composite:
Boards, No. 2 common, 1" x 6" or 8" x 12'
74.568
72. 182
dol. perMbd. ft._
Flooring, B and better, F. G., I" x 4" x 12-14'
144. 776
dol. per M bd. ft.. 142. 657
Western pine:
803
828
Orders, new
mil. bd. ft
778
758
Orders, unfilled, end of monthdo
766
Production^
do
837
733
789
Shipments t
do
1,374
1,341
Stocks, gross, mill, end of month
do
Price, wholesale, Ponderosa, boards, No. 3 com70.84
68.53
mon, 1" x 8"
dol. per M bd ft
6
6
83. 377
6
6
82. 278
126.063
128. 922
129.933
130. 458
132. 397
6 131. 635
844
488
831
932
760
414
790
834
751
391
815
774
624
320
778
695
633
361
709
592
905
486
732
780
651
452
652
685
785
449
769
788
678
392
762
735
689
331
816
750
605
299
695
637
1,320
8,324
2,445
5,879
1,276
5,501
1,544
3,957
1,317
6,976
2,270
4,706
1,400
10, 607
3,051
7,556
1,517
10, 571
2,527
8,044
1,469
9,328
2,108
7,220
1,436
8,224
1,813
6,411
1,417
12,061
3,405
8,656
1,444
9,087
1,573
7,514
1,510
10, 695
3,457
7,238
1,568
131. 720
81. 773
87. 225
82. 954
79. 027
78. 822
79. 893
80. 173
80. 533
80. 037
79. 182
78.298
148. 405
154. 295
153. 204
153. 204
152. 515
152. 286
150. 448
150.920
149. 836
149. 210
149. 210
851
823
879
806
1,447
766
804
771
734
1,484
747
786
735
721
1,498
617
765
616
606
1,515
619
770
500
564
1,451
583
749
388
502
1,337
456
725
406
445
1,298
565
709
548
541
1, 305
683
731
659
630
1,334
740
742
792
701
1,427
763
754
847
723
1, 551
74.69
78.68
81.38
82.52
84.47
83.73
84.51
85.35
87.07
86.45
85.73
244, 051
237, 558
60,695
229, 340
233, 608
56,721
250, 782
249, 789
58,498
243, 761
243, 149
57, 703
233, 634
243, 319
47, 747
265, 090
252, 975
59,039
255,408
247, 892
66, 156
279, 415 ' 264, 094
283, 104 r 263, 884
60,610 ' 59, 080
284, 391
275,411
67, 388
SOFTWOOD PLYWOOD
Production
thous. of sq. ft., %" equivalent
Shipments
do
Stocks, end of month
do
223, 051
230, 444
50,836
150, 764
146, 607
55, 129
HARDWOOD FLOORING
Maple, beech, and birch:
5,400
5,475
5,425
5,950
4,700
8,550
5,200
Orders, new
M bd.ft
11. 650
7,700
6,225
5,075
3,775
4,300
19, 675
19,600
Orders, unfilled, end of month
__
do
12, 475
15, 625
19, 100
18, 900
19, 575
20, 400
20,550
20,000
21, 025
19, 025
17, 350
5,375
5,900
5,650
5,425
5,700
Production
..
do
4,500
5,825
5,800
5,950
5,700
5,400
5,750
5,550
5,500
6,100
5, 750
5,125
5,650
6,550
7,500
5,875
4,850
Shipments
do
6,250
5,300
5,425
5,300
3,775
3,425
3, 570
Stocks, mill, end of month
__.do
5,700
4,075
4,250
7,000
4,575
4,550
5,325
4,075
4,875
5,675
r
Revised, i Excludes "special category" items. 2 N o q u otation. s Substitut ed series. Data are f or nurses' (>xford, rub ber toplift; comparab le figure fo r January 1951 is $5.920. 4 Estimated; based on index computed by the Bureau of Labor Statistics. 8 Data for July-December 1950 represent a composite of quotation's from a larger number of companies. 6 Beginning
January 1951, the substituted price is based on quotations from a smaller number of companies.
§Data beginning 1949 have been revised to include reports from additional companies (accounting for about 4 percent of total production in 1949) and, therefore, are not comparable with
earlier figures; revisions for January-May 1949 will be shown later.
cfThe figures include a comparatively small number of "other footwear" which is not shown separately from shoes, sandals, etc., in the distribution by types of uppers; there are further
small differences between the sum of the figures and the totals for shoes, sandals, and play shoes, because the latter, and also the distribution by kinds, include small revisions not available
by types of uppers. Data through 1949, shown prior to the August 1950 SURVEY, covered fewer reporting companies (see note "§" above).
JSee note at bottom of p. S-38 of the October 1949 SURVEY regarding revisions for exports of sawmill products for 1948 and Western pine for January 1947-March 1948. ©Minor monthly
revisions beginning 1929 for Douglas fir (formerly designated as West Coast woods) and for total lumber production and shipments (beginning 1934) and stocks (1936,1938) are available upon
request. Revisions
for January 1948-July 1949 for total lumber and softwoods are shown on p. S-30 of the October 1950 SURVEY.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
August 1951
1951
1950
June
July
August
Septem-
ber
October
Novem-
ber
Decem-
ber
January
Febru-
April
March
ary
May
June
51, 757
53, 093
81, 269
71, 488
61, 728
LUMBER AND MANUFACTURES—Continued
HARDWOOD FLOORING—Continued
Oak-d*
Orders, new
Orders unfilled end of month
Production
-Shipments
Stocks mill end of month
M bd. it-do. .
do
do
do
84, 121
95, 723
91, 649
95, 087
24, 696
98,438
108, 142
83, 300
86, 019
21, 977
99, 968
104, 163
99, 237
103, 947
17, 267
82, 785
96, 413
91, 059
90,535
17, 791
71, 035
83, 098
93, 879
93, 131
18, 539
62, 778
68, 884
93, 040
86, 031
25, 548
113, 234
91, 658
90, 435
89, 731
34, 199
83, 274
93, 512
79, 419
78, 129
35, 489
81,813
92, 804
93, 657
90, 960
38, 186
68,904
82, 647
87, 050
81, 866
43, 370
65, 806
65, 620
94, 499
85, 922
51,947
307, 817
9,766
479, 284
66, 902
67, 553
68, 155
81, 885
73, 944
33, 489
266, 896
18, 339
402, 678
46, 017
353, 630
19,683
403, 012
54, 489
299, 781
22, 651
387, 593
19, 875
296, 948
21, 337
377 895
17,041
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.):
Exports total
short tons-Scrap
do
Imports total
do
Scrap
do
346, 392
15, 719
182, 152
45, 220
249, 671
14, 357
182, 520
26, 102
252, 086
12, 537
299, 929
121, 140
281, 102
29, 006
256, 874
94, 601
263, 069
21, 122
451, 097
123, 831
285, 918
26, 253
467, 063
128, 456
261, 104
16, 479
482, 903
98, 700
5,737
2,956
2,781
5,151
1,499
3,652
5,273
2,760
2,513
5,553
1,602
3,951
5,826
3,078
2,748
5,816
1,699
4,117
5,790
3,026
2,764
5,767
1,711
4,056
6,320
3,288
3,032
5,805
1,667
4,138
5,929
3,019
2,910
5, 475
1,560
3,914
6,004
3,092
2,912
5,240
1,490
3,751
12, 355
13, 274
9,460
13, 477
14, 238
8,685
14, 478
15,012
8,154
13, 887
14, 514
7,527
12, 999
13, 419
7,107
7,401
9,017
5,490
11, 738
7,249
19, 189
15, 997
3,192
893
12, 704
7,579
24, 108
20, 651
3,456
792
12, 482
7,371
29, 966
26, 084
3,881
852
12, 191
7,175
35, 716
31, 388
4,328
920
11, 380
7,415
39, 711
35, 651
4,059
964
107
88
56
70
1,040
1,136
613
1,287
961
508
1,670
1,202
677
56, 322
86, 783
82, 345
46, 613
55, 715
105, 300
67, 514
37, 198
5,633
5,637
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 at mines end of month
do
Lake Superior district:
Shipments from upper lake ports
do
Consumption by furnaces..
do
Stocks end of month total
do. _
At furnaces
do
On Lake Erie docks
- do _
Imports
do
Manganese ore, imports (manganese content)
thous of long tons
1
6, 692
i 3, 321
1
3, 372
1
5, 462
1
1, 337
1
4, 125
5,978
2,963
3 015
4,951
1 302
3,649
3,362
2,997
5,856
3,812
2,183
7,476
3,315
2,028
8,762
3,525
2,453
9,829
8,795
8,837
9,757
14, 362
14, 990
9,128
6,993
6,861
41, 543
36, 919
4,624
733
873
7,289
37, 169
31, 771
5,398
376
0
7,327
30, 227
25, 658
4,569
620
0
6,435
24, 123
20, 324
3,799
573
0
7,372
17, 335
14, 919
2,417
661
6,211
7,235
15, 072
13, 258
1,813
741
12, 664
7,761
19, 772
17, 696
2,075
834
67
57
88
59
69
81
83
49
1,794
1,159
649
1,840
1,255
701
1,930
1,161
657
2,012
1,182
653
2, 298
1, 364
*762
* 2, 392
i 1, 234
1685
!
2,390
1
77, 093
132, 374
86, 021
50, 019
67, 136
152, 583
82, 479
46, 927
57, 852
160, 278
89, 968
50, 157
68, 491
180, 099
85, 163
48, 670
65, 942
194, 950
91, 510
51, 091
5,879
5,620
5,770
5,752
5,697
5,703
5,924
5,845
5,387
5,395
5,693
5,676
1,197
1,366
1,427
1,408
1,303
1,465
1,481
47.28
46.00
46.50
47.28
46.00
47.25
47.48
46.00
49.50
47.95
46.75
49.50
49.86
49.00
49.50
50.53
49.00
49.50
53. 19
51.63
52.50
131, 097
94, 637
27, 065
98, 269
68, 874
15, 734
128,369
94, 413
24, 922
134, 574
96, 738
25, 295
149, 558
109, 660
30, 048
145, 929
108, 263
30, 775
155, 258
113, 692
34, 061
408, 345
342, 535
65, 810
117, 333
96, 061
21, 272
445, 567
391, 820
53, 747
94, 929
79, 081
15, 848
547, 552
483, 840
63, 712
123, 608
99,605
24,003
620, 407
530, 689
89, 718
122, 408
97,753
24, 655
643, 119
549, 214
93, 905
136, 737
107, 666
29, 071
656, 586
560, 354
96 232
130, 286
102 511
27, 775
673, 823
562, 239
111 584
127, 784
97 786
29, 998
708, 784
595 875
112 909
138, 413
108 842
29, 571
781 234
636 611
144 623
128 799
97 448
31,351
8,143
r
100
8,083
95
8,242
97
8,205
99
8,753
102
8 023
97
8 355
98
8 843
100
13, 166
7,499
26, 423
23, 731
2,692
Pig Iron and Iron Manufactures
Castings, gray iron§:
Unfilled orders for sale
thous of short tons
Shipments, total
do
For sale.
do .
Castings, malleable iron§:
Orders new for sale
short tons
Orders, unfilled, for sale
do
Shipments, total
_.
do
For sale
do
Pig iron:
Production
thous. of short tons
Consumption §
_
do _
Stocks (consumers' and suppliers'), end of month §
thous. of short tons
Prices, wholesale:
Composite
dol. per long ton
Basic (furnace)
.
do
Foundry, No. 2, f. o. b. Neville Island... do
1
1
1
234, 060
92, 508
54, 817
1
1
255, 347
88, 950
54 915
1
1
5,894
6,011
1
1, 775
1
1
1
1
53. 58
52.00
52.50
1
1
1, 440
!818
1
1
267, 169
101, 667
60, 265
1
276, 463
97, 276
57 554
1
1
1
i 2, 228
i 1, 396
1
796
2, 337
1, 363
1
767
1
1
274, 954
100, 800
61 373
1
6 016
5 888
6,173
5,978
53 58
52.00
52.50
53 61
52.00
52.50
53 61
52.00
52.50
53 61
52.00
52.50
181 908
129 059
i 40 818
1
189 172
i 131 042
i 39 194
874, 598
697 335
177 263
160 917
118 039
42, 878
924 202
736 701
187 501
153 947
112 074
41, 873
948 636
746 774
201 862
156 340
114 096
42, 244
7 766
97
9 071
102
8 841
103
r 9 094
103
8 657
101
5 176
5, 292
1, 698
53 58
52.00
52.50
Steel, Crude and Semimanufactures
Steel castings:!
Shipments, total.—
short tons
For sale, total
_ _
do
Railway specialties
do
Steel forgings, for sale:
Orders, unfilled, total.
. . do
Drop and upset
_
do
Press and open hammer
do
Shipments, total
do
Drop and upset...
do
Press and open hammer
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 (producing point)
dol. per long ton..
Structural steel (Pittsburgh)
dol. perlb..
Steel scrap, heavy melting (Pittsburgh)
dol. per long ton..
1
174, 056 1 163, 976 1
1
124, 002 1 117 156 1
r J
i 41 754
41 586
190, 665
134 184
i 43 320
11
1
~~
--
.0438
.0438
.0438
.0438
.0438
.0438
. 0461
.0468
.0471
.0471
.0471
.0471
.0471
59.36
.0375
59.36
.0375
59. 36
.0375
59.36
.0375
59.36
.0375
59.36
.0375
62.72
.0400
62.72
.0400
62.72
.0400
62.72
.0400
62.72
.0400
62.72
.0400
62.72
.0400
43.90
40.50
43.60
44.00
44.00
44.00
46.50
47.75
46.63
45.00
45.00
45.00
45.00
4,856
2,089
36
5,795
2,128
44
7,138
2,704
49
7,182
2,435
36
7,532
2,517
32
8,049
2,588
32
9,024
2,604
25
9,517
2 766
50
9,938
2 313
52
10, 614
2 762
48
10 660
2 384
42
10 451
2 605
47
Steel, Manufactured Products
Barrels and drums, steel, heavy types:
Orders, unfilled, end of month
thousands..
Shipments
do
Stocks, end of month.
...do
r
Revised.
i See note marked "§".
cf Monthly revisions (1940-46) to incorporate data for prefinished flooring and small quantities of species of hardwood flooring other than oak, included in current data, will be shown
later; scattered monthly revisions (1934-36) are available upon request.
§Data beginning January 1951 are estimated totals derived from a survey of approximately 1,300 ferrous foundries by the Bureau of Mines and the Bureau of the Census.
{Percent of capacity is calculated on annual capacity as follows: Data beginning January 1951, on capacity as of January 1 of 104,229,650 tons of steel; 1950—July-December, on 100,563,500
tons (as of July 1); January-June, on 99,392,800 tons (as of January 1).
SURVEY OF CURRENT BUSINESS
1051
L;nl«ss otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-33
1951
1950
June
July
August
September-
October
November
December
January
March
April
|
i
May
|
!
June
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products— Continued
Cans, metal, shipments (in terms of steel consumed),
total
short tons
Food
do
Nonfood
do
Shipments for sale
do
Commercial closures, production
millions
Crowns, production
thousand gross _ _
Steel products, net shipments:
Total
thous. of short tons__
Bars hot rolled — Carbon and alloy
do
Reinforcing
do
Semimanufactures
- -do
Pipe and tubes
do
PMe^
- do
Rail^
do
Sheets
..
.._
-do
Strip— Cold rolled
do
Hot rolled
do
Structural shapes, heavy... ... _
__^do
Tin nlate and terneplate
do
Wire and wire products
do
356, 117
228, 767
127, 350
312, 661
1,105
33, 036
396, 681
264, 343
132. 338
364, 504
1,124
33, 836
551, 451
395, 266
156, 185
498, 369
1,527
36, 613
431, 161
310, 916
120, 245
382, 891
1,451
30, 291
349, 858
230, 772
119, 086
313, 218
1,520
28, 758
192, 709
108, 641
265, 628
1,330
29, 260
6,192
693
138
229
807
447
186
1,735
157
187
361
438
471
5,669
594
156
250
703
393
152
1,728
115
177
347
420
354
6. 326
674
169
282
801
454
158
1. 756
170
214
343
467
495
6,145
689
151
269
770
482
154
1,697
159
210
355
424
433
6, 504
753
159
307
740
542
147
1,839
172
228
374
388
495
60, 400
167, 154
63, 518
182, 954
63, 006
207, 852
59, 449
213, 408
.0864
.0882
. 0985
175.1
37.6
137.5
92.7
.336
163.8
30.2
133.6
90.3
.342
208. 9
39.9
169. 1
113.0
.342
352, 487
235, 523
116, 964
320, 501
1,275
26, 807
271, 782
160, 492
111, 290
234, 285
1,485
30, 925
239, 543
148, 689
90, 854
203, 920
1,344
29, 040
268, 022
164, 956
103, 066
224, 124
1,536
34, 006
276, 145
169, 462
106, 683
234, 605
1,485
31, 453
308, 227
206, 185
102, 042
259, 347
1, 404
30. 282
6,051
671
152
280
648
540
131
1, 673
170
196
389
376
484
6,433
732
152
336
717
551
140
1,843
178
207
365
401
452
6,905
767
155
320
744
631
158
1,977
184
237
409
408
510
5,776
644
141
258
631
522
115
1, 641
167
197
353
299
442
7,105
792
161
306
824
681
160
1,937
189
238
452
397
524
6, 635
736
141
272
757
653
162
1,821
184
217
412
361
495
6, 939
787
162
293
801
716
166
1.847
187
204
430
396
513
6, 646
734
152
292
770
685
161
1, 739
180
62, 915
149, 449
62, 276
203, 639
65, 897
250, 187
67, 954
236, 515
62, 740
228, 436
70, 022
222, 030
67, 701
223, 503
67, 721
180, 141
67, 454
.1107
.1388
.1541
. 1575
.1575
.1723
.1725
. 172."
207.4
42.1
165.3
110.2
.363
210.1
47.3
162. 8
106. 8
.369
197.2
46.8
150.4
99.7
.378
199.0
46.0
153.0
101.6
.378
210.3
42.5
167.8
113.1
.378
192. 2
40.2
152.0
94.7
.378
2 185. 5
40 5
145. 0
91.8
.377
. 37:]
76, 666
77, 800
81, 957
81,712
80, 352
83, 814
75, 990
96, 541
113, 513
118, 113
60, 896
13, 481
46, 622
24, 893
21, 729
.2420
87, 080
105, 127
114, 103
60, 912
301,350
1~302~
27, 432
409
42fi
49-'?
NON FERROUS METALS AND PRODUCTS
Aluminum:
Production, primary
_ . .. short tons .
Imports, bauxite
long tons
Price, wholesale, scrap castings (N. Y.)
dol. perlb..
Aluminum fabricated products, shipments, total
mil. of lbs._
Castings
do
Wrought products, total
do
Plate, sheet, and strip
__
do
Brass sheets, wholesale price, mill
dol. per lb__
Copper:
Production:
Mine production, recoverable copper
short tons..
Crude (mine or smelter, including custom intake's
short tons
Refined
do
Deliveries, refined, domestic
do
Stocks, refined, end of month
do
Exports refined and manufactures
do
Imports, total
do
Unrefined, including scrap
do_ _
Refined
do
Price, wholesale, electrolytic (N. Y.).dol. per lb_.
Lead:
Ore (lead content) :
Mine production
.
short tons
Receipts by smelters, domestic ore . . do
Refined (primary refineries) :
Production t
do
Shipments (domestic) t
do
Stocks end of month t
do
Price, wholesale, pig, desilverized (N. Y.)
dol. per lb._
Imports, total, except mfrs. (lead content)
short tons..
Tin:
Production, pig
..
long tons
Consumption pig
_ _
do
Stocks, pig, end of month, total§.
do
Government§_ . _
_ _ _ do
Industrial
_.
_ do
Imports:
Ore (tin content)
..
do
Bars, blocks, pigs, etc
_ . . . do
Price, wholesale, Straits (N. Y.)d*
dol. perlb..
Zinc:
Mine production of recoverable zinc. .short tons..
Slab zinc:
Production
_.__
do
Shipments total
do
Domestic
-- - -do__
Stocks end of month
do
Price, wholesale, prime Western (St. Louis)
dol. per lb__
Imports, total (zinc content) .. -. - short tons
For smelting, refining, and export
do
For domestic consumption:
Ore (?inc content)
__ _ __
do
Blocks, pigs, etc
--do
.1575
.1600
190. 5
40.8
2
149. 7
95.6
.378
2 206. 6
42.2
2
164. 4
101.0
.378
73, 012
83, 104
2
74, 828
72, 582
80, 222
96, 754
113, 961
125, 016
50, 350
11,434
87, 222
39, 903
47,319
.2200
85, 378
96, 758
96, 006
48, 290
9,785
29, 347
13, 112
16, 235
.2220
93. 138
108, 465
112,107
50, 952
12,230
33, 576
8, 204
25, 372
. 2227
86, 678
111,842
119, 529
58, 748
12, 035
36, 298
8.625
27, 673
.2290
90, 542
110, 435
121, 806
56, 945
11, 925
62, 526
33, 901
28, 625
.2420
90, 148
101,410
111, 985
51,805
12, 226
38, 823
18, 664
20, 159
.2420
91, 218
109, 464
121, 954
49, 040
20, 905
54, 807
26, 912
27, 895
.2420
86,961
110, 144
108, 128
54, 883
8,729
45, 828
25, 863
19, 965
.2420
81, 598
101, 054
99, 485
59, 324
16, 027
44, 850
22, 005
22, 845
.2420
91, 243
112, 933
116, 793
55, 609
14, 457
36, 062
20, 952
15, 110
.2420
36, 957
35, 811
31, 398
32, 283
36, 030
34, 952
35, 104
36, 912
35, 731
35, 394
35, 377
34,069
36, 175
36, 099
35, 481
33, 965
33, 870
31, 977
37, 096
36, 040
44, 490
35, 774
69, 025
41, 520
41, 188
67, 809
47, 242
47, 031
67, 495
49, 958
55, 898
61, 042
54, 123
62, 138
50, 854
50, 725
58, 658
40, 910
48, 234
49, 601
35, 619
48, 878
51, 260
33, 232
43, 675
49, 128
27, 775
2
2
50, 701
50, 927
27, 259
.1181
1
.1166
41, 523
35, 646
50, 412
2,574
6,571
42, 512
18, 254
22, 780
2, 717
8, 157
i 43, 717
19, 623
21, 910
2,605
6,478
42, 644
20, 623
20,117
1
. 1293
82, 554
T
90, 794
103, 494
114, 744
52, 800
17, 652
43, 812
24,047
19, 765
.2420
r
r
T
33, 587
34, 618
44, 362
42, 033
29, 437
. 2420
34, 005
33, 198
32, 399
32, 244
44, 951
40, 963
33, 420
39, 952
40, 041
33, 308
. 1700
.1580
.1604
.1700
.1700
.1700
.1700
.1700
.1700
.1700
41, 831
43,810
61, 002
114, 696
31, 526
12, 898
14, 918
21, 628
11,201
3,529
6,678
i 42, 697
18, 554
22, 931
3,491
5 152
38, 159
18, 151
19, 676
3,395
4 984
i 36, 172
17, 753
18, 244
3,420
17, 804
22, 587
3,653
7,059
42, 020
17,486
23, 666
2, 273
1, 334
1, 203
1. 4583
1. 3996
1. 1805
56, 467
' 58, 233
56, 669
3,130
7,092
141,442
1
1
3,383
6, 799
40, 995
18, 618
21, 931
3, 566
6, 456
i 38, 840
17, 786
20, 728
1
3, 423
4,976
37, 933
17, 753
19, 352
1
473
8, 613
.7770
658
11,621
.8988
4, 266
8, 254
1. 0205
3.882
5, 136
1. 0129
3,130
1,685
3,789
6,357
1.1335
5,008
1.3768
1. 4478
4,545
5,836
1.7172
2,927
2,213
1. 8268
2,753
4,405
1. 4546
50, 625
48, 423
56, 221
54, 794
55, 791
54, 604
55, 127
59, 651
56, 878
60, 670
75, 766
90, 920
68, 214
26, 665
77, 868
84, 116
67, 119
20, 417
73, 399
79, 365
69, 073
14, 451
71, 057
75. 241
70, 656
10, 267
79, 997
81, 156
71, 596
9,108
79, 226
79, 079
69, 202
9,255
79, 986
80, 357
72, 333
8,884
80, 937
79, 609
72, 068
10,212
70, 285
69, 380
64, 784
11,117
80, 450
80, 462
70, 845
11, 105
77, 862
74,419
69, 125
14, 548
80, 430
77, 507
73, 093
17,411
77, 679
79, 299
74, 149
15,791
.1465
43, 662
136
.1500
38, 824
0
. 1505
58, 685
2, 147
.1710
35, 137
0
.1750
39, 456
6,169
. 1750
34, 150
0
. 1750
31, 744
590
.1750
37, 163
3,292
.1750
23, 519
3,100
.1750
26, 375
3, 720
. 1750
23, 938
2, 263
. 1750
31. 684
2, 269
.1750
30, 141
13, 385
20, 467
18, 357
43, 921
12, 617
19, 724
15, 413
20, 446
12,841
20, 665
13, 485
20,001
11, 147
25, 307
8,564
15, 594
4,825
15, 292
7,363
10, 925
10, 750
13, 599
15,816
19, 386
100, 994
25, 747
87, 568
40, 329
72, 295
40, 153
58, 577
38, 488
48, 885
25, 754
48, 483
17.399
48, 703
21,262
51,520
19, 458
52, 712
19, 456
57, 400
12, 898
67, 150
10, 443
80, 306
4,019
2,204
r
HEATING APPARATUS, EXCEPT
ELECTRIC
Boilers, radiators and convectors, cast iron:
Boilers (round and square):
Shipments
. .. .
_. thous. of Ib
Stocks, end of month
... . .do-..
Radiation:
Shipments
thous. of sq ft
Stocks, end of month
_
_._.do
5,714
4,020
6,449
3,513
4,372
5, 798
5,127
4,675
4,311
4, 658
3, 550
2, 413
7,821
6,531
4,846
4,020
2,766
3,200
2,951
3,028
3,099
4,842
3,717
6, 805
2 Data begi nning Febi•uary 1951 include fig ures for 30 companies (which op erate capti ve extrudiiig departnlents) not previously
Revised.
i Includes small amount not distrir, uted.
canvassed; for February, the shipments by the addit ional comr>anies incrc,ased total shipments for i'abrica ;ed and wr ought proc ucts 3 and 4 percent, respective!y.
tRevised series. Data beginning 1949 have been revised to exclude fi ?ures for se condary re fineries; re visions pri 3r to 1949 vrill be pub ished later . The product ion figrures (corr esponiing
to those formerly designated as primary) include sonle seconda •y lead pro duced by p)rimary retineries.
cf Substituted series. Compiled by the America n Metal M rarket: data represent average of laily closin g prices (p rior series \vas based o n averages for the daj0.
§ Government stocks represent those available for industria use.
r
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
1950
July
June
August
1951
September
October
November
December
January
F
U
|j?y "
March
April
1
May
>
June
METALS AND MANUFACTURES— Continued
HEATING APPARATUS, ETC.— Continued
Boilers, range, shipments .
number
Oil burners:
Orders, unfilled, end of month
do
Shipments
do
Stocks, end of month
__ _ . _ _ _ d o _ Stoves and ranges, domestic cooking, exc. electric:
Shipments, total
.
numberCoal and wood
do
Gas (inc. bungalow and combination)
do
Kerosene, gasoline, and fuel oil . ._ _ do
Stoves, domestic heating, shipments, total ...do
Coal and wood
do
Gas .
.-do _.
Kerosene, gasoline, and fuel oil
do
Warm-air furnaces (forced-air and gravity-air flow) ,
shipments, total
number
Gas
do
Oil
do
Solid fuel
do
Water heaters, nonelectric, shipments
do
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly:
Blowers and fans, new orderst
thous. of dol
Unit heater group new orders!
do
Foundry equipment (new), new orders,
net
..
1937-39=100
Furnaces, industrial, new orders:
Electric
thous of dol
Fuel-fired (except for hot rolling steel)* -.do...
Machine tools:
New orders *
1945-47=100
Shipments
_
do
Mechanical stokers, sales:
Classes 1 , 2, and 3
_ . -number. _
Classes 4 and 5:
Number
Horsepower
Pumps, steam, power, centrifugal and rotary, new
orders
thous of dol
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments
thousands
Domestic electrical appliances, sales billed:
Refrigerators, index
1936 = 100
Vacuum cleaners, standard type
number. Washers
_
do
Insulating materials and related products:
Insulating materials, sales billed, index. 1936 =100..
Fiber products:
Laminated fiber products, shipments
thous. of doL _
Vulcanized fiber:
Consumption of fiber paper
thous. of lb_.
Shipments of vulcanized products
thous. of dol_.
Steel conduit (rigid) and fittings, shipments
short tons..
Motors and generators, quarterly:
New orders, index-. _.
. ... 1936= 100. Polyphase induction motors, 1-200 hp.:cf
New orders
thous. of doL.
Billings
--_
. do
Direct current motors and generators, 1-200 hp.:d"
New orders
-thous. of dol .
Billings
do
36, 498
37, 489
43, 552
38, 920
44, 748
40, 689
43, 869
41, 104
35, 807
42, 122
47, 407
47, 218
81, 725
80, 562
59, 401
123, 693
98, 656
50, 446
146. 922
138, 587
38, 747
118.930
115, 780
37, 468
82,903
114,041
38, 411
65, 496
70 285
44, 482
57, 837
60 180
51, 564
65, 856
64 370
61, 006
62, 963
59 176
64, 586
56, 894
56, 042
69, 485
53, 729
47, 415
75, 071
52,592 !
42 096
88, 512
246, 283
8,783
220, 936
16, 564
281,870
11,113
256, 075
14, 682
376, 637
21,045
333, 439
22, 153
323, 636
16, 157
288, 809
18, 670
338, 625
14, 827
309, 846
13, 952
295, 344
11,187
270, 613
13, 544
263, 729
9,990
237, 001
16, 738
290, 374
12, 136
261, 793
16, 445
281, 362
10, 939
255, 112
15,311
318, 455
12,714
290, 989
14, 752
243, 574
8,447
225, 879
9,248
195, 121
7,911
178, 490
8,720
294, 372
51. 160
137, 945
105, 267
433, 371
74, 704
228, 936
129, 731
785, 350
172, 497
321, 487
291, 366
658, 807
173, 145
277, 940
207, 722
610, 766
145, 742
290, 932
174, 092
464, 490
109, 658
243, 948
110,884
327, 637
69, 393
171,182
87, 062
235, 580
44, 719
112,939
77, 922
270, 429
50, 814
128, 797
90, 818
311,433
62, 291
159, 485
89, 657
285, 184
55, 400
164, 258
65, 526
286, 878
66, 439
131,847
88 592
98, 517
58, 476
30, 867
9,174
255, 072
102, 189
54, 203
35, 380
12,606
243, 490
145, 512
76, 463
45, 644
23, 405
322, 909
139,014
74, 241
44, 980
19, 793
280, 683
137, 915
67, 036
51, 285
19, 594
286, 907
102, 001
50, 336
36, 988
14,677
257, 999
85, 407
45. 666
29, 917
9,824
250, 134
71, 143
36, 398
26, 639
8,106
266, 442
71, 966
35, 969
24 957
11, 040
254, 525
79, 239
41,180
24, 584
13,475
265, 122
60, 337
30, 033
19, 616
10, 688
235, 355
56
26
19
10
200
32, 471
17, 870
28, 317
9,715
32, 524
17, 667
282
897
227
158
591
37, 020
17,117
622.7
401.8
693.6
483.8
526.8
885.5
526.2
668.0
638.6
599. 0
490.1
431.7
393. 2
1,328
1,166
1,445
2,247
1,039
3,927
1,485
1,817
1,603
2,306
2,157
2,068
1 505
2,749
2,764
4,033
3,212
4,670
4,846
7,019
3 657
8,497
4 766
5, 044
3, 370
6,279
124.1
91.9
253.1
68.3
305.1
95.7
280.6
101.6
289.6
100.9
291.9
110.9
410.1
135.7
475.4
114.3
615. 5
123.8
' 590. 3
158. 9
516. 1
157.7
483.0
175 1
v 567. 0
v 183. 5
1, 450
2,234
4,430
3,546
2,950
1,891
1,937
1,636
1,509
1,590
1,170
'974
1.313
226
62, 952
248
64, 582
352
87, 404
358
64, 638
259
66, 472
174
38, 343
176
73, 142
174
61, 953
163
38, 095
178
65, 561
177
72, 575
184
56 624
234
78,390
4,153
4,080
6,429
5,191
4,985
5,961
6 720
6,477
6 480
7,654
7,583
6 371
1,646
2,060
2,839
2,925
3,007
2,536
2,172
1, 873
1,390
1,113
1,790
1 405
332
250, 190
325, 200
304
279, 967
282, 300
293
341, 232
381, 500
302
327, 524
424, 000
236
331,445
439, 900
228
265, 310
380, 000
219
288, 756
377, 000
275
282, 305
323, 957
238
261, 572
345, 994
330
290, 242
376, 458
242
227,216
298, 797
201 983
262 734
261, 648
449
370
466
514
547
542
564
595
552
662
626
6,165
5,164
6,288
7,054
7,332
7,266
7,574
9, 279
'8,911
i 8, 583
1 8, 626
4,326
3,831
4,721
4, 674
5,048
4,844
4,738
5, 399
5,153
4,251
5,233
4,185
5, 383
1,523
1,271
1,717
1,794
2,088
2,036
1, 965
2,244
2,000
2,351
2,287
2, 237
2, 1 55
21, 645
24, 723
30, 543
29, 123
25, 875
24, 489
27, 561
25, 055
23, 389
28, 590
27, 464
27, 891
27, 749
1
8, 102
1
7, 552
1
334
551
674
780
25. 436
24, 608
46, 582
29, 610
55, 054
37, 905
64, 221
40, 357
6,106
4,347
7,428
4,163
10. 648
5,382
r
10, 666
6,082
1
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
4,313
3,522
2,875
3,862
3,379
4, 199
2.602
4,196
3,360
2,183
3, 622
Production
thous. of short tons ..
4.417
3, 743
Stocks in producers' storage yards, end of month
1,298
637
1,416
1, 268
815
792
1,068
740
732
556
878
1,035
747
thous. of short tons.275
461
346
374
Exports .
do
318
480
323
414
345
328
197
227
Prices, composite, chestnut:
21.74
20.76
21.90
23.24
22. 14
Retail
dol per short ton
20.36
21.52
23.48
23.35
22 50
22 82
21 26
22.06
16. 498
16. 886
16. 980
16.356
17. 121
17. 134
18. 540
18. 497
18. 062
18.007
Wholesale
...
-do 16. 739
17.818
16. 636
Bituminous:
r
45, 823
35, 109
50, 083
47, 297
45, 512
47, 497
44, 862
44,014
Production
thous. of short tons.51, 376
51, 470
40, 451
41, 965
43, 390
Industrial consumption and retail deliveries, total
33, 819
38, 887
36, 957
46, 376
37, 954
40, 033
44, 875
41, 300
41, 665
33, 248
36, 031
' 33. 733 33,004
thous. of short tons..
r
32, 902
28, 581
30, 202
36, 095
32, 150
Industrial consumption, total
_.
do
30, 836
33, 270
35, 596
34, 345
29 434
28, 763
31, 185
30, 554
r
864
795
1,000
891
903
1, 105
1,038
Beehive coke ovens
- do. _
980
983
905
974
1^006
971
8,340
8.480
8, 057
8,006
8 072
8, 183
8.633
7,665
Byproduct coke ovens
do
8,473
8, 584
8 413
8 708
8 465
625
705
749
Cement mills.
_
do
636
652
638
702
670
799
745
685
695
685
6,797
8, 451
8,186
7,782
9,024
8,300
7,456
9,286
8,714
Electric-power utilities
do
6,779
7,583
7, 664
7,728
4,750
5,360
5, 329
4,901
4,727
4,972
5,615
Railways (class I)
do
4,988
5.717
5, 398
4 798
4 367
3 985
539
611
668
765
583
795
848
671
558
553
767
Steel and rolling mills
.. do
609
568
6,735
8, 560
9,176
7,624
8 843
Other industrial
do
7,609
9 761
7 032
7 127
9,910
9 197
8 130
7 537
5,238
5.985
6.763
7.118
9.279
9.150
R etail deliveries
do
4.485
6.755
10. 281
7.320
4. 846
3.179
3. 570
' Revised.
p Preliminary.
1 Beginning January 1951, data cover 3 additional reporting companies.
JSee note marked "t" on p. S-34 of the June 1950 SURVEY regarding revised data.
cf The number of companies reporting is as follows: Polyphase induction, first half of 1950, 31; beginning second half of 1950, 32; direct current, year 1950, 29; 1st quarter of 1951, 28.
* New series. Data for new orders of fuel-fired furnaces are compiled by the Industrial Furnace Manufacturers Association, representing orders (less cancellations) for metallurgical and
other purposes as reported by 24 to 28 companies. Currently, the combined data for electric and fuel-fired furnaces account for about 80 percent of the industry total; data prior to 1949 will be
shown later. The index of new orders of machine tools, compiled by the National Machine Tool Builders' Association, is based on dollar volume of shipments reported by members which are
believed to account for about 85 percent of the total orders and shipments of the industry. See note in 1949 STATISTICAL SUPPLEMENT for description of tools included in the index. Monthly
data for 1937-50 are shown on p. 24 of the April 1951 SURVEY.
SURVEY OF CURRENT BUSINESS
Ausrnst 3051
S-35
1951
1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June
July
August
September
October
November
December
January
February
March
April
May
June
PETROLEUM, COAL, AND PRODUCTS—Continued
COA L— Continued
Bituminous— Continued
Consumption on vessels (bunker fuel)
thous. of short tons__
Stocks, industrial and retail dealers' , end of month,
total
thous. of short tons. .
Industrial, total.
do _.
Byproduct coke ovens
do
Cement mills
do
Electric-power utilities
do ...
Railways (class I) . _.
do...
Steel and rolling mills
do
Other industrial
do
Retail dealers
do
Exports
do
Prices, composite:
Retail
dol. per short ton
Wholesale:
Mine run
do
Prepared sizes...
_
.
. .do
COKE
Production:
Beehive.
_
._
thous. of short tons
Byproduct
do
Petroleum coke _
do
Stocks, end of month:
Byproduct plants, total
_ __
do
At furnace plants. _ ._
do
4t merchant plants
do
Petroleum coke
_
do
Exports .
.
.do
Price, beehive, Connellsville (furnace)
dol. per short ton..
82
88
78
87
84
83
40
27
37
41
90
107
51,376
49, 198
11, 280
902
19, 505
3.802
951
12, 758
2,178
2,657
51. 979
49, 751
10, 395
20, 581
3.238
58, 964
56, 620
12, 353
1,089
22, 925
3,746
64, 293
61,836
13, 964
1,181
24, 940
3, 646
70, 478
67, 714
15. 666
1,283
26. 668
4.172
968
989
13, 702
2,228
2, 728
15, 579
2,344
2,956
17, 137
2.457
2,923
18, 936
2,764
3,085
72. 131
69. 389
16, 329
1 , 361
27. 529
4,513
1,005
18 652
2,742
2 582
72, 516
70, 054
16, 776
1 , 369
27, 121
5, 105
1,012
18 671
2,462
1 827
74, 006
71,766
16,960
1, 418
27, 006
5,311
1,074
19 997
2,240
2,257
70, 662
68, 754
16, 374
1,318
25, 875
5,046
1,044
19 097
1,908
2 412
71, 425
69, 813
16, 751
1,243
26, 529
4,854
1,091
19, 345
1.612
3 207
72, 081
70, 550
16 462
1, 232
27, 571
4,739
1, 143
19 403
1,531
4 752
74, 807
73, 109
16, 175
1, 266
29, 826
4, 567
1, 232
20, 043
1,698
5 507
944
891
928
76, 992
75, 258
10.247
1,333
31, 060
4,999
1, 195
20 424
1, 734
16.09
16.12
16.31
16.47
16.74
16.77
16.80
16.86
16.94
16.97
16.94
16.66
8.707
9.394
8.689
9.380
8.698
9.464
8.699
9.562
8.713
9.582
S. 735
9. 582
8.741
9.582
8.741
9.582
8.967
9.736
8.967
9.661
8.944
9.441
iS. 911
9.402
581
5,657
304
501
5,868
318
653
5,765
315
592
5, 666
283
644
6,006
289
578
5,671
626
5,981
301
715
6,077
327
603
5 399
288
651
6,042
297
573
5 911
286
r
625
6, 122
335
632
5 943
724
612
111
129
22
818
642
176
125
39
827
599
228
101
34
855
584
271
104
37
984
661
323
85
41
1,102
752
351
74
46
1,106
813
293
82
42
1,100
905
195
86
54
1 069
932
137
116
51
1,266
1,134
132
118
50
1 410
1 219
191
125
59
1,445
1,211
233
123
62
1 395
1 135
260
14. 250
"14. 250
14. 250
14. 250
14. 250
14. 250
14. 625
14. 750
14.750
14. 750
14. 750
14. 750
14.750
2,334
161, 332
2,200
170, 017
2,276
175, 594
91
94
2,023
176, 636
2,019
182, 896
2,211
176, 725
1,917
183, 110
96
199, 958
1,518
166, 041
96
183, 745
1 895
187, 624
96
200, 535
r i ygg
183, 800
91
185, 488
2 074
191, 268
94
199, 521
243
63
162
17
248
65
165
17
288
16. 64
1
1
9. 094
9. 438
PETROLEUM AND PRODUCTS
Crude petroleum:
Wells completed
number
Production
thous. of bbl. .
Refinery operations
..percent of capacity
Consumption (runs to stills)
thous. of bbl..
Stocks, end of month :c?
Gasoline-bearing in U. S., total
do
At refineries
_ _ _
do
At tank farms and in pipelines
do
On leases
do
Exports..
do
Imports..
.
_.
_ do
Price (Oklahoma-Kansas) at wellsf-dol. per bbl_.
Refined petroleum products:
Fuel oil:
Production:
Distillate fuel oil
thous. of bbl
Residual fuel oil
. ... ._
do
Domestic demand:
Distillate fuel oil
do
Residual fuel oil
...
.do
Consumption by type of consumer:
Electric-power plants
do
Railways (class I)
do
Vessels (bunker oil) _ , _ _
_ _ do
Stocks, end of month:
Distillate fuel oilO
do
Residual fuel oil
_
do
Exports:
Distillate fuel oil
do
Residual fuel oil
.
do
Prices, wholesale:
Distillate (New York Harbor, No. 2 fuel)t
dol. per gal_.
Residual (Okla., No. 6 fuel)*_.dol. per bbl..
Kerosene:
Production
thous. of bbl._
Domestic demand
.. do
Stocks, end of month . ...
do
Exports
do . . _
Price, wholesale, bulk lots (New York Harbor)!
dol. per gal
Lubricants:
Production
thous. of bbl__
Domestic demand
do
Stocks, refinery, end of month
_ .do
Exports
_ _ _ _ _ _ _
._ do
Price, wholesale, bright stock (midcontinent,
f. o. b. Tulsa)t
dol. per gal. _
169, 663
182. 330
188, 078
181, 778
188, 393
182, 539
2,008
177, 276
94
190, 448
242, 287
63, 639
162, 506
16, 142
240, 270
62, 845
160, 254
17, 171
237, 393
61, 247
159, 357
16, 789
242, 311
60, 884
164, 303
17, 124
246, 424
61, 993
167, 490
16, 941
249, 525
61 , 053
171, 343
17, 129
248, 463
63, 328
167, 941
17, 194
243, 107
60, 377
164 555
18, 175
235 247
56, 260
161 556
17,431
233 824
58, 671
157 710
17, 443
3.095
14, 359
2.570
3, 274
13, 575
2.570
3,096
15, 307
2.570
2,654
14, 607
2.570
4,033
15, 496
2.570
3,229
13, 269
2.570
2,917
15, 185
2.570
2,913
16, 192
2.570
2,471
12, 699
2.570
2,640
14, 305
2.570
3 615
15 141
2.570
1 791
16 019
2.570
31,112
32, 058
32, 253
35, 338
33,765
35, 585
35, 392
35, 343
37, 723
38, 759
36, 530
37, 202
41 628
40, 475
44 244
42, 397
39 742
38, 696
41 129
41, 771
35 139
36 908
37 500
39 202
19, 705
39, 055
23, 864
40, 743
26, 785
44, 762
24, 864
42, 668
29, 320
45, 980
35, 411
47, 977
55 343
56, 198
57 331
56, 223
50 085
51,101
45 046
53, 568
32 185
r 46 841
25 519
44 104
5,275
4,117
5,039
5, 324
4,029
4,477
6 043
4,284
5, 422
5,899
4, 117
4,772
6. 145
4,474
4,980
6 194
4,247
4,545
6 281
4 207
5, 125
6 417
4 204
4, 664
5 573
3 594
5 008
5 527
4 251
5 846
4 811
3 889
6 753
4 508
3 658
6 663
53,679
40, 124
61, 664
42, 165
68, 426
40, 979
78, 270
41, 966
85, 643
45, 004
86, 113
45, 048
71, 948
40 750
58, 424
40 317
47, 587
39 409
42 978
37 516
44 736
36 910
55 273
39 317
626
1,011
809
935
88
94
94
93
180
366
444
370
418
365
500
553
935
1,221
916
802
1,124
1,398
632
1,071
801
1, 326
660
663
643
644
773
1 077
1 361
982
.081
1.620
.082
1.650
.086
1.650
.088
1.650
.091
1.650
.091
1.700
.091
1.750
.091
1.750
.091
1.750
.091
1.750
.091
1.750
8,477
4,629
21, 117
9,091
6,926
23, 151
9,828
7,035
25, 803
77
61
9,989
7,920
27, 677
10, 264
9,486
28, 292
10, 255
12 737
25 526
11,261
16 817
19 723
214
12 715
15 633
16 673
46
11 475
14 789
13 150
125
12 371
11 788
13 657
40
11 511
8 678
16 262
185
10 698
5 877
20 331
667
.092
.092
.093
.096
098
101
101
101
101
101
101
101
4,002
3,588
7,736
910
4,151
3,339
7,427
2
1, 099
4,686
3,822
7,145
2
1, 101
4,646
3, 511
6,950
2
1, 281
4,987
3, 907
6,973
2
992
4,906
3,322
7,283
2 i 222
5,068
3 012
7,849
2 i 402
5,061
3 539
S, 160
2 i 157
4,339
3 115
8,386
2 934
5,108
T 3 691
8 209
2 1 533
5, 175
3 550
8 393
2 i 377
4 544
1 884
2 679
.081
1.625
2.570
5, 454
3 850
8 451
2 i 477
26
113
136
205
.091
1. 750
.181
.199
.220
.255
.268
.270
.282
.290
.290
.290
.290
9.QC]
9on
l
Revised.
The comparability of the data is slightly affected in May and June 1951 by substitutions in the reporting companies. Prices on new basis: Mine run—April 1951 $8 916
2
May 1951, $9.088; prepared sizes, May 1951, $9.414.
Excludes "special category" exports not shown separately for security reasons.
'
c?Includes stocks of heavy crude in California.
JjReyised series. Beginning in^theJuly^l950 SURVEY, the following price series have been substituted for those previously shown: Crude petroleum, 36°-36.9° gravity (former series, 33°AT™,- v^.i. TT_.K~« XT~ of,_i u.-ii,i,,*,, t
c, :
_.
• !„ „__, _ , i , J A
,„
_
,
„„„ ._
right stock,
'or kerosene (N. Y.
of the March 1951 SURVEY; kerosene prices beginning 1935 are shown on p. 24"of the August itjso'SuRVEYf "~~"''
""" ~ "v" ^&*—i& ^^^ ^ «.. ot,. _^o *,__v^t/_ A^.UOOIM, e s own n p.
*New series. Compiled by the U". S. Department of Labor, Bureau of Labor Statistics. Prices are for bulk lots, excluding all fees and taxes (Oklahoma, group 3). Data beginning 1935 are
shown on p. 20 of the March 1951 SURVEY; prices were inadvertently quoted as dollars per gallon instead of dollars per barrel.
GNew basis. Beginning January 1950, coverage was increased to include one East Coast terminal not previously reporting.
T
SURVEY OF CURRENT BUSINESS
S-36
1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in ihe
1949 Statistical Supplement to the Survey
June
September
Julv
1951
October
November
December
January I February
March
April
Ma*
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS—Continued
Refined petroleum products — Continued
Motor fuel:
All types:
Production total
thous. of bbl
Gasoline and naphtha from crude petroleum
thous. of bbl
Natural gasoline and allied products do
Sales of 1. p. g. for fuel, etc., and transfers
of cycle p r oducts
thous of bbl
85. 181
91.017
92. 710
87, 539
90. 917
87, 322
90, 945
94. 132
83, 752
93, 378
87 319
96,811
75. 128
14, 254
80. 365
15. 002
82, 367
15, 449
76, 939
15, 466
79,815
16, 476
76, 808
16. 256
80, 229
17,241
83, 773
17, 314
74, 335
15, 631
82, 140
17, 780
76, 826
16 708
85, 691
16 646
5. 106
4. 350
4,201
5, 374
4. 866
8,510
7, 321
7 506
8 520
9 302
94, 537
86, 766
91. 707
90, 170
89, 126
Domestic demand
do
Stocks, gasoline, end of month:
99. 423
102, 769
106, 026
97, 904
97. 844
Finished gasoline, total
do
56, 743
58, 891
55. 676
61, 771
55, 560
\t refineries
do
7,644
,8, 286
8,048
7.844
7.920
Unfinished gasoline
do
8. 667
8,226
8, 151
8,730
8, 581
Natural gasoline and allied products do
1
i 997
i 1. 452
1,431
1, 853
i 1, 823
Exports
do
Price, gasoline:
Wholesale, refinery (Oklahoma), group 3
.103
.102
.104
.101
.104
dol. per gal__
.147
.142
.145
.147
.147
Wholesale, tank wagon (N. Y.)f ._ do
.203
.202
.205
.199
.201
Retail, service stations, 50 cities _ _ do _
Aviation gasoline:
4,896
4,264
3, 954
5,604
5, 107
Production, total
thous. of bbL _
4.152
2. 859
3,320
3,929
4,247
100-octane and above
do
6,133
6,593
6, 656
6.000
6.579
Stocks, total
._do ._
3.260
3,023
3,226
3, 256
2,970
100-octane and above
do
Asphalt:
Production
short tons 1, 043, 800 1. 173, 300 1.246.000 1.197.600 1. 140, 200
790, 000
1, 155, 300 1, 051, 500
742, 400
670, 200
Stocks, refinery, end of month
do
Wax113,960
98, 840
96, 320
107, 240
114,800
Production
thous. of Ib
151, 760
158, 480
161, 560
145, 880
135, 240
Stock^ refinerv, end of month
do
Asphalt products, shipments:
5, 960
7,044
6, 246
6, 256
6,744
Asphalt roofing, total
thous. of squares .
Roll roofing and cap sheet:
1.201
1,372
1,146
1, 333
1, 553
Smooth-surfaced
do
1,219
1,481
1.251
1,347
1, 528
Mineral-surfaced
do
3. 594
3. 793
4,191
3, 575
3, 663
Shingles all types
- - - do . _
136
176
166
141
209
Asphalt sidings
do
61,021
64. 922
63. 313
59, 937
56,157
Saturated felts
_ short tons..
5,742
8 968
82. 718
6 525
9 Oil
81, 063
6, 955
8 045
80. 554
6,214
7 028
72, 717
6.542
7 997
86, 846
6 215
7 803
87^ 430
5 526
8 274
100', 188
100. 995
57, 934
8, 010
7. 636
1
1. 486
108, 669
64, 276
8,100
7, 355
i 2, 109
120, 473
76, 160
8,006
7,474
1
1, 132
129, 537
84, 250
7,706
7,842
1
1,097
133, 465
85, 096
7,991
8, 109
1
1, 950
130 501
79 357
8 6^7
8 522
1
1 976
123, 830
73 652
8 431
9 079
5 2 239
.104
.147
.202
.101
.147
.207
.104
.147
.206
.104
.147
.206
.104
. 147
. 205
.104
.147
.203
.104
.147
.200
5.468
4,198
7, 215
3,802
5.909
4,883
7,220
3,744
5, 789
4,091
7,813
3, 518
5.010
4,144
8.255
3,837
6,113
5,017
8,566
4.048
5, 523
4, 464
8, 590
4. 053
6, 265
4, 900
8, 595
4,006
875, 500
785, 500
681, 500
717,100
643, 300
806, 500
915 600 1, 123, 600
962, 400 1, 108, 000 1,282.700 1, 468, 000 1, 572, 500 1, 546. 900
120. 120
135. 800
122 080
141,150
124, 600
144, 760
108, 640
139, 440
122, 640
140, 840
122 360
152 600
131 320
162 400
6,306
5,262
5,259
4. 354
5, 357
4,795
4,900
1, 559
1.466
3,282
213
59, 335
1 410
1,168
2,684
171
56, 481
1,352
1,241
2,666
202
71,675
1 148
996
2,210
170
61, 158
1 290
1,203
2, 864
193
71,673
1 052
1 016
2,727
139
64, 999
1 038
1.034
2 828
147
67. 044
'1,968
2 224
4,179
2,214
2 339
4, 050
878, 247
850 183
479, 554
.104
.147
.201
887, 009
895 063
475, 521
PULP, PAPER, AND PRINTING
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
thous. of cords (128 cu. ft.).Consumption
do
Stocks, end of month
_
do
Waste paper:
Receipts
. .
short tons
Consumption
do
Stocks end of month
_
do
WOOD PULP
Production:
Total, all grades
_ -thous. of short tons.
Bleached sulphate
short tons
Unbleached sulphate
__
do. .
Bleached sulphite
do
Unbleached sulphite
do
Soda
-do
Ground wood
-- do
Defibrated exploded etc
do
Stocks, own pulp at pulp mills, end of month:
Total, all grades
short tons__
Bleached sulphate
. d o .Unbleached sulphate
do
Bleached sulphite
- do
Unbleached sulphite
do_ _
Soda
do
Groundwood
do
Exports, all grades, total
Imports, all grades, total
Bleached sulphate
Unbleached sulphate
Bleached sulphite
Unbleached sulphite
Soda
Groundwood
_. , _ _
-- -
do
do
do
do
do
do
- - do
do
1,836
1,983
3,392
1,968
1,864
3,491
2,326
2,093
3,724
2,042
1,982
3,780
2,083
2,160
3,704
2,113
2,108
3,704
2,121
2,014
3,815
2,487
2,149
4,155
2,169
1,985
4,336
2,339
2,257
4,419
639, 504
639, 505
354, 200
568, 893
560, 469
362, 209
711,910
732, 001
348, 450
688, 843
687, 173
342, 677
776, 402
756, 727
377, 351
751,411
752, 065
362, 549
740, 953
715, 429
386, 552
818, 506
797, 339
412, 699
824, 075
840, 384
416, 826
904, 918
870, 516
450, 186
1,221
147, 158
469, 188
1 72, 920
57, 643
47, 249
188,297
78,001
1,166
144, 591
454, 886
160. 826
53, 735
41, 723
172, 495
80, 570
1,322
149, 488
513, 779
187, 933
63, 566
47, 382
193, 498
93,800
1,232
144, 773
468, 025
171,788
63,712
43, 949
187, 878
86, 1 53
1,370
177, 134
529, 945
192. 824
67, 324
38, 128
204,512
89 124
1,326
168, 086
511, 043
187, 622
68, 734
36, 731
199 068
86 249
1,252
162. 222
467, 746
169,696
68,152
34, 931
197, 756
84 495
1,349
183 559
526 488
195, 541
67, 698
38, 821
215, 190
52 000
1,238
163 912
490, 986
177, 141
60, 351
35,545
195 426
50 000
1,402
188 992
551 605
197 986
66, 461
38 611
215 998
67 000
1,414
192? 303
540 138
193 598
68,017
38 122
209 937
98 000
1,484
198 043
567 270
204 644
65,900
40 607
222 535
106 000
1,399
188 388
537 458
191 105
63, 243
34 908
210 681
101 000
105, 914
11, 448
7,787
25, 667
13, 552
1,590
36, 325
102, 428
12, 886
8,804
21, 701
13, 313
1,314
35, 614
104, 631
13, 022
9,540
24, 558
12, 282
1, 830
33, 580
93, 120
13, 595
9,415
18,215
14, 290
750
31,077
90, 386
14, 573
9,620
19, 446
13, 787
515
29, 309
87, 929
14, 424
9, 659
18, 547
12, 854
683
29, 842
81, 974
10, 162
9, 708
13, 534
12, 525
1.040
33, 043
90, 397
10, 515
9 441
20, 309
12, 354
597
35, 161
94. 466
12, 255
8,871
21, 760
11, 502
648
37, 282
94, 753
13, 787
7, 500
20, 129
11 799
1,039
38 261
100, 406
13 112
9 499
21 632
13 144
862
39 953
102, 953
12, 994
10 171
24, 583
11, 158
571
40, 487
110, 579
15 045
12 958
26 111
10 973
1 , 088
40 84!
7,891
225 369
40, 444
48, 899
59, 980
44, 916
2,851
25, 974
6,754
177, 749
29, 479
34, 330
47, 022
43, 018
2,707
20, 149
7,818
186, 225
35, 754
40, 953
46, 193
34, 465
3.205
24, 891
10, 223
192,495
29, 312
34, 382
58, 365
44, 997
2,868
21, 708
6,479
207, 456
44, 529
36, 736
47, 779
53, 955
3,368
20, 080
8,882
208, 867
35, 204
28, 388
59, 107
52, 720
2, 936
29, 675
18 888
204, 658
35, 783
36 472
57, 207
43, 220
2,614
28, 673
14, 761
219, 455
31, 307
40, 390
54. 707
55, 357
3, 114
33, 637
14, 457
205, 766
52, 915
34,478
48. 343
44, 564
2 357
22, 328
11, 520
198, 432
36, 395
27, 134
52, 128
46, 934
3 025
31, 722
19 048
180' 206
41, 549
22 080
46, 365
40, 067
3 007
26 241
22 872
229 223
50, 949
38 367
52, 719
52, 363
2 995
30 655
2,101
1.023
2,372
1, 146
1 114
"113
r
r
r
r
PAPER AND PAPER PRODUCTS
All paper and paper board mills:
Paper and paperboard production, total
1,813
2,184
2,029
thous. of short tons..
2.085
2, 233
2,193
2,096
939
1,062
1,033
Paper (incl. building paper) _ _ _ _ _ _ d o
1,024
1,061
1,088
1,037
784
1,002
890
Paperboard
__
do
1,025
946
1,015
946
90
120
106
Building board
do
114
121
118
113
r
J
Revised.
Excludes "special category" exports not shown separately for security reasons.
tRovised series. Beginning with the October 1950 SURVEY, prices have been revised to exclude Federal and State taxes;
January 1951 SURVEY.
2,252
1,098
1, 063
92
985
92
' 2, 319
r
1 101
1 091
r
127
2. 410
1 148
1 130
132
comparable figures for 1935-49 are shown on p. 24 of the
SUEVEY OF CUKEENT BUSINESS
Auinist 1051
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-37
1951
1950
July
June
August
September
October
November
December
January
February
March
April
May
June
861, 000
995, 000
859, 000
861, 000
298, 500
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS— Con.
Paper, excl. building paper, newsprint, and paperboard (American Paper and Pulp Association) :f
Orders, new
short tons
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks end of month
do
Fine paper:
Orders new
do
Orders, unfilled, end of month
_
do .
Production .. ._ ___ - __
.do _
Shipments
do
Stocks end of month
do
Printing paper:
Orders new
do
Orders, unfilled, end of month
do
Production.
___
-do
Shipments
_
do
Stocks, end of month
__
_do___
Price, wholesale, book paper, "B" grade, English finish, white, f. o. b. milL.dol. per 100 l b _ _
Coarse paper:
Orders, new
__ short tons. .
Orders, unfilled, end of month _
do
Production. .
__ -do___
Shipments
do
Stocks, end of month _._
do
Newsprint:
Canada (incl. Newfoundland) :cf
Production
do
Shipments from mills _ . .
do _
Stocks, at mills, end of month
do
United States:
Consumption by publishers . __
do
Production.. _ _
do
Shipments from mills
do
Stocks, end of month:
At mills
_
do
At publishers
do
In transit to publishers
do
Imports
.
.
.do
Price, rolls (New York)
dol. per short ton..
Paperboard (National Paperboard Association) :
Orders, new
short tons
Orders, unfilled, end of month
___do
Production, total
-.do
Percent o f activity.. _ _ _ _ _ _ _
Paper products:
Shipping containers, corrugated and solid fiber,
shipments
mil. sq. ft. surface area
Folding paper boxes, value:
New orders
.
1936=100
Shipments
do
847, 356
554, 672
818, 109
822, 024
337, 442
916, 494
747. 500
716,851
723, 563
330, 201
974,
876,
837,
845,
320,
653
300
275
813
572
852, 625
913, 297
806, 044
815, 574
310, 663
870, 578
912, 860
866, 740
870, 994
305, 900
815, 448
877, 359
847, 408
852, 096
300, 855
821, 664
858, 760
825, 242
840, 249
285, 368
937,
932,
871,
862,
295,
879
405
450
728
545
821, 801
884, 769
821, 858
817, 717
292, 998
964, 941
984, 495
917, 112
916, 683
293, 423
906, 748
1,016,525
874, 087
875, 577
291, 710
904, 000
996, 500
921, 000
923, 000
289, 580
110, 740
61.355
103, 500
106, 950
81, 219
135. 1 50
110, 150
83. 586
86, 350
78, 654
149, 100
143, 200
111,310
116,050
74, 115
114, 207
145, 772
106, 764
111,635
69, 450
115, 272
147, 840
112, 207
113. 203
68, 655
102, 770
138, 575
110,119
112,035
66, 760
102, 340
131, 785
104, 131
109, 129
61 783
118, 960
139, 145
111,113
111,600
61, 295
103, 864
146, 200
99, 753
96, 800
64, 245
110, 114
140, 035
115, 661
116, 276
63, 630
117, 748
146, 480
113, 223
111,302
65, 550
110, 000
140, 000
117, 000
116, 000
66 500
291, 915
249, 880
272, 989
273, 605
117, 640
309, 465
319. 735
238, 532
239, 608
116, 635
354,
387,
286,
286,
116,
307, 738
414, 165
280, 203
281, 172
115, 310
290, 525
406, 900
296. 292
297, 782
113, 870
284 615
395, 050
290, 561
296, 460
107, 860
288 546
393, 160
287, 910
290, 427
105, 230
338, 465
436, 520
299, 097
295,103
109, 225
279, 128
384, 199
281, 526
281, 062
109, 689
351,015
475, 400
312, 477
310, 190
111, 975
311 555
489, 770
296, 203
297, 185
110, 990
305 000
480, 500
313, 000
314, 000
109, 990
658
600
288
755
225
11.30
11.65
11.65
11.78
12.15
12.15
12.53
12.65
12.65
12.65
12.65
12.65
295, 568
164, 792
296, 312
296, 157
86, 608
312, 314
216, 315
258, 575
260, 790
84, 382
300, 665
227, 570
286, 396
289, 407
81, 352
276, 858
227, 700
273, 636
276, 705
78, 265
298, 200
231, 200
292, 751
294, 692
76, 305
281, 340
224, 050
292. 380
288, 472
80, 115
277, 572
215 870
279, 967
285 750
74, 240
302, 740
229, 830
293, 119
288, 775
78, 585
274, 607
227, 800
275, 284
276, 635
77, 233
315, 065
234, 820
306, 009
308, 044
75, 198
291, 445
239, 175
285, 187
287 090
73, 295
308, 000
238, 000
307, 000
309, 000
71, 295
440, 967
440, 777
159, 957
439, 255
463, 339
135, 873
466, 443
417, 589
184, 727
437, 579
485, 165
137, 141
456. 443
465, 253
128, 331
456, 743
477, 708
107, 366
430, 551
448, 775
89, 142
453, 019
423, 343
118,818
425, 097
400,833
143, 082
472, 963
473, 503
142, 542
447, 551
443, 288
146, 805
485, 723
486, 340
146, 188
464 332
475, 034
135 486
376, 482
88, 420
89, 928
336, 759
86, 127
85, 433
346, 795
92, 877
92,950
373, 788
86, 411
85, 809
420. 786
91, 305
92, 779
407, 943
87, 980
85, 141
398, 309
85, 355
87 776
345, 552
92, 691
92 991
336, 568
84, 381
84, 896
394, 387
94, 015
92, 630
410. 723
88, 888
90, 740
403, 233
96, 420
93 422
365 324
94, 073
97 016
8,074
303, 524
78, 935
441, 239
100.00
8,768
339, 424
93, 140
415, 424
100. 00
8,695
376, 900
81, 095
367, 604
100. 00
9,297
372, 943
94, 271
419, 123
100. 00
7, 823
356, 782
88, 332
449, 183
100. 00
10,662
334 783
98 499
385, 659
100. 00
8 241
328 018
96 942
418 044
106. 00
7 941
346 258
93 866
399, 333
106. 00
7,426
33" 440
111,019
333, 814
106. 00
8,811
349 308
95 893
449, 037
106.00
6, 959
322 750
95, 340
396, 897
106.00
9,957
332 601
86 522
439, 586
106. 00
7 014
358 294
94 331
945, 400
394, 100
907, 600
983, 300 1, 204, 500
524, 400
729, 100
816, 900 1, 017, 300
94
82
100
977, 800 1, 039, 000 1,019 900
714, 900
694, 700
722, 000
954, 400 1, 023, 400 1,012 700
96
102
101
876 700 1 177 200
617, 200
761, 800
940 500 1 056 600
95
102
12.65
106. 00
987, 900 1 119 300 1, 019, 300 1 112 100
962 700
704, 900
646, 900
758, 600
548 000
658, 700
975 100 1 107 300 1,049 100 1, 128 200 1 058 500
105
104
105
104
103
6,232
6,075
7,653
7,229
7,679
7,289
7, 105
7 577
6 618
7 965
7 315
7 288
6 341
540.8
518.2
586.9
424.1
904.5
603.3
745.0
619.9
731.2
671.7
710.7
666 1
690.5
668 6
904 1
738 9
875 6
725 8
879.4
851 9
737 7
778 4
699.3
815 4
613 3
755 5
774
566
850
650
766
618
962
816
1,138
877
1,028
811
1.157
915
776
601
793
613
L130
861
878
678
200
210
969
759
1,145
879
44, 586
93 079
92 454
37, 572
87 242
54 687
35, 335
76 312
63, 053
39, 508
71 679
54 963
r
42, 445
r 68 498
42, 371
40, 589
69 231
PRINTING
Book publication, total
New books
New editions
number of editions ._
do
..
do
208
200
148
146
261
217
242
180
175
269
266
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
long tons. .
Stocks, end of month
_ __
do
Imports, including latex and guayule
.do _ _
Price, wholesale, smoked sheets (New York)
dol. per lb-_
Chemical (synthetic):
Production _ _
_ _ _ __
long tons
Consumption
do
Stocks, end of month
_
do
Exports
_
__
_
do
Reclaimed rubber:
Production
do
Consumption
_
do
Stocks, end of month
do
63, 333
99, 457
77, 876
61, 402
93, 653
62, 004
64, 297
87, 146
72, 703
61. 281
87, 409
61, 153
69, 178
83 215
78, 740
51, 340
81 658
73, 393
44, 999
89 215
69 261
.309
.384
.521
.558
.638
.732
.714
.735
.734
.722
.675
.660
.660
38 569
48 608
65, 346
634
43 820
43 687
67, 085
724
43 950
50 379
63, 654
631
44, 460
49 550
59, 059
645
44 690
54 507
51 751
678
48 417
48 261
51 636
581
52 199
53 364
52 758
749
60 952
58 584
55 453
577
56 415
53 308
59 035
65 286
65 587
60 614
66 414
58 787
65 793
70 541
T 65 027
r 70' 276
74 188
66 546
79 905
585
617
25 869
25 253
28 470
24 374
22 377
30 371
27 312
26 151
31 793
29 648
29, 250
33 395
32 685
32 785
33 530
30 171
30 260
33 960
32 480
29 905
35 708
39 994
32 455
35 843
30 402
28 792
36 885
35 094
32 678
38 334
34 293
39 428
39 064
r 35 051
r 34 148
r 39 098
8,455
10 171
4,056
6. 003
111
10, 792
94
8,297
12 002
3,884
8,011
106
7,004
173
8,194
10 579
4,093
6,369
116
4,794
175
7,833
8 216
3,813
4,292
111
4,374
i 107
8 667
8 684
3,783
4 750
151
4,382
i 108
7 521
7 494
3,214
4 130
150
4,810
i 152
6 819
7 562
3' 245
4 188
129
3,794
i H6
764
961
035
812
114
3 552
i 99
6 540
6 255
2 755
3 413
7 116
6 730
2 692
3 911
7,458
8.544
11,946
55
6,936
9,738
8,422
33
7,263
9,257
6,619
33
7,093
7,586
6, 198
50
7 886
7,378
6 400
68
6 629
6 099
6 963
102
6 035
6 379
6 725
77
6 595
620
533
33 256
31 358
39 742
TIRES AND TUBES
Pneumatic casings:
Production
Shipments, total
Original equipment
Replacement equipment _.
Export
_ . _.
___
Stocks, end of month
Exports _
Inner tubes:
Production
Shipments.
___
Stocks, end of month
_
Exports
thousands
do
do
do
do
do
do
.-do. .
do
..do
do
6
6
3
3
5 950
o 8^2
56
5
6
3
3
887
174
002
058
114
6
7
3
3
693
235
620
493
2 804
i 120
88
3,047
i 106
3 442
i gg
5 144
5 910
5 154
5 828
6 593
4 595
5 566
5 593
4 657
5 625
5 585
5 071
36
123
127
3 307
i 79
58
63
52
T
Revised.
* Excludes "special category" exports not shown separately for security reasons.
cf Data for 1937-48 (incl. Newfoundland) are shown on pp. 22 and 23 of the May 1950 SURVEY. Further revisions for stocks at mills, end of December, are shown at bottom of p. S-37 of
the June 1950 SURVEY.
fRevised data for 1948-49 will be published later.
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
August 1951
1951
1950
July
June
August
September
October
November
December
January . February
March
April
May
June
191, 138
162,002
21, 925
96
24, 894
19, 390
T
7, 482
21, 984
99
24, 935
16, 439
6,618
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and cloth, shipments reams. _
165, 781
151, 278
258, 575
206,809
197, 500
177,371
155, 823
189, 440
184, 326
206, 940
179, 507
20,001
93
24. 749
15,298
7,346
20,709
94
23, 167
12, 848
6,388
21, 884
99
25, 144
9,608
4,900
20, 945
98
22, 910
7,642
4,029
22,461
102
24, 167
5,945
2,852
20,226
95
19, 791
6,382
2,962
19, 116
87
12, 477
13, 018
3,925
17, 433
79
12, 237
18, 222
5,473
15,201
76
11,294
22, 127
7,097
18, 708
82
17,692
23,139
8,036
20,184
91
20,953
22, 363
8,194
594, 060
649, 930
578, 226
599, 337
646, 626
675, 227
604, 826
630, 472
659, 927
660, 309
606, 726
590, 905
499, 694
450, 800
480, 607
470, 730
422, 134
408, 766
534, 077
550, 274
553, 468
552, 881
PORTLAND CEMENT
Production
Percent of capacity
Shipments
-Stocks finished end of month
Stocks clinker, end of month
thous. of bbl...
thous. of bbl..
do
_ _ _ _do
r
CLAY PRODUCTS
Brick, unglazed:
Shipmentst
do
Price, wholesale, common, composite, f. o. b. plant
dol. per thous..
Clay sewer pipe, vitrified:
Production t
short tons
Shioment^J
do
Structural tile, unsized:
Production!
do
ShipmentsJ
do
605, 304
599, 905
24. 721
25. 032
25. 208
25. 616
25. 866
26. 057
26. 378
26.549
26. 589
26. 602
26.588
26. 591
144, 680
160, 686
136, 780
153, 788
154, 284
163, 664
155, 678
152, 847
154, 904
156, 610
131, 668
129, 489
127, 951
114, 439
137, 211
124, 503
122, 046
96, 487
139, 653
125, 328
142, 356
134, 777
144, 666
141, 774
119, 729
127, 351
118, 564
125, 376
119, 340
136, 438
115, 975
120, 108
119, 729
119, 054
105, 879
104, 304
95, 265
85, 471
108, 816
103, 293
98, 593
89, 645
110, 146
108, 738
105, 268
108, 653
106,045
108, 866
9,125
9,045
8,870
9,141
9,133
11, 132
8,673
10, 437
10, 612
8,967
9,451
8,104
9,321
9,153
10, 279
9,499
9,201
8,563
10, 987
10,250
11,075
9,583
10, 849
10, 390
26. 604
GLASS PRODUCTS
Glass containers:
Production
thous. of gross..
Shipments domestic, total
do
General-use food:
Narrow-neck food
do
Wide-mouth food (incl. packers' tumblers)
thous. of gross __
Beverage (returnable and nonreturnable)
thous. of gross _.
Beer bottles
.
. .__
do _
Liquor and wine
do
Medicinal and toilet
__
do
Chemical, household and industrial
do
Dairy products
.
do
Fruit jars and jellv glasses
do ...
Stocks, end of month
do
Other glassware, machine-made:
Tumblers:
Production
thous. of dozens
Shipments
..
do
Stocks
do
Table, kitchen, and householdware, shipments
thous. of dozens. .
819
844
1,170
1,572
953
669
786
2,375
i 2, 476
3,204
2,672
12,474
i 2, 145
i 2, 272
1,064
715
908
1,849
724
280
312
9,382
845
700
1,095
1,909
649
290
1333
8,931
492
669
1,551
2,501
819
385
342
6,743
305
582
1,343
2,576
822
369
197
4,865
340
563
1,275
2,228
779
354
6,123
325
459
1,257
2,235
687
327
0)
7,079
654
532
1,317
2,397
791
404
0)
6,776
5,635
5,699
8, 719
5.209
5,264
8,667
6,548
7,222
8,091
5,925
6,070
8,118
6,994
5,498
8,877
5,876
6,107
9,593
3,117
2..530
3,671
3,356
3,846
3,313
0)
931
1,116
1,067
999
12,129
1 2, 472
i 2, 332
i 2, 666
447
978
1,302
2,740
883
313
8,091
617
1,190
931
2,389
823
235
C)
9,293
803
1,468
880
2,426
878
271
7,240
345
541
1,425
2,183
724
285
0)
7,631
5,702
5,253
9,887
6,959
6,831
9,602
6,506
6,132
9,940
7,570
7,156
10, 340
3,218
3,667
3,364
3,998
10, 489
9,847
835
1
2, 410
457
450
1,543
2,637
844
324
0)
0)
908
1
2, 410
9,426
969
1,786
730
1,965
823
255
0)
9,714
7,534
6,851
10, 933
7,292
6,760
11, 381
6,384
5,737
11, 974
3,439
3,408
2,682
13, 149
11,905
26,886
12,925
10, 985
28,826
12 205
11, 446
29, 585
0)
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports
thous of short tons
Production
do
Calcined production quarterly total
do
Gypsum products sold or used, quarterly total:
Un calcined
short tons
Calcined:
For building uses*.
Base-coat plasters
do
Keene's cement
do
All other building plasters
do
Lath
thous. of sq. ft
Tile
do
Wall board cf
do
Industrial plasters
short tons
704
1,923
1,769
1,105
2,199
2,049
967
2,355
1,950
613
2,102
1,838
549,472
580, 024
626, 833
660, 470
584, 766
13, 642
136, 521
666, 876
10, 765
725, 128
693 948
15, 863
156, 429
761, 573
13, 449
759, 260
595, 988
15, 200
147, 409
754, 849
12,012
807, 734
512, 238
14, 328
137, 878
710, 197
10, 002
849, 933
61, 725
66, 674
74, 208
73, 186
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
thous. of dozen pairs
Shipments- _
.do .
Stocks, end of month.
do
12, 520
11,918
28, 613
10, 295
11, 429
27, 480
14, 986
16, 584
25,882
14, 194
15, 590
24, 486
14, 874
15, 791
23, 569
15,000
14, 796
23, 774
12, 817
11, 842
25, 456
14, 971
14, 637
25, 789
14, 337
14, 601
25,526
14, 736
14, 621
25, 642
COTTON
Cotton (exclusive of linters) :
Production:
2
Ginnings§
thous. of running bales
2,770
6,459
8,793
283
864
9,200
9 908
3 224
9,678
Crop estimate, equivalent 500-lb. bales
2
4
thous. of bales
10, 012
17 266
968,484
784, 057 1, 040, 891
Consumption!bales
841, 868
606, 878
835, 155 1,008,872
911, 654
980,906
807, 840
894, 602
832 612
818 714
Stocks in the United States, end of month,
totalf
thous. of bales
7,463
6,846
11,366
10, 174
5,059
15, 087
13, 771
12, 681
7,852
8,681
3,786
6,373
2 887
6,749
Domestic cotton, total .
do
7,355
13, 695
11,311
15,001
12, 613
10, 117
7,764
4,957
8,638
6,261
3,667
2 777
On farms and in transit
do. ..
642
9,374
1, 512
350
7,643
4,816
2,538
792
388
881
278
60
50
Public storage and compresses
do
5,161
4,545
6,984
5,357
4,871
6,651
5,626
2,406
6,358
4,603
1 586
3,560
1 031
Consuming establishments
__do_
1,356
1,082
1,789
1,238
1,181
1,439
1,955
2,274
2,021
2,313
2,220
2,281
1 696
Foreign cotton, total
_
do
54
108
98
86
76
102
68
57
44
102118
88
110
T
Revised.
1 Data for wide-mouth food containers include jelly glasses in July 1950, and both jelly glasses and fruit jars beginning October 1950.
'Total ginnings of 1950 crop.
3
4
Ginnings to August 1.
August 1 estimate of 1951 crop.
| Data revised for 1950. Revisions for January-April will be shown later.
c?1 Includes laminated board, reported as component board.
§ Total ginnings to end of month indicated.
1 Data for June, September, November 1950 and January and April 1951 cover 5-week periods and for other months, 4 weeks; stock data are for end of period covered.
SURVEY OF CURRENT BUSINESS
August 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-39
1951
1950
June
July
August
September
October
November
December
January
February
March
April
May
428 599
93, 800
41 8
354 302
3,114
42 7
480 085
9,740
43 2
371, 417
16, 102
42 5
42 0
45 1
45 2
45 2
45 2
111
52
468
115
36
398
96
31
327
June
TEXTILE PRODUCTS—Continued
COTTON—Continued
Cotton (exclusive of linters) — Continued
Exports.
bales __
Imports.. ___
_ .
_.do
Prices received by farmers
cents per Ib
Prices, wholesale, middling, m$", average, 10
markets
cents per Ib
Cotton linters:!
Consumption
thous. of bales.
Production
do
Stocks, end of month
do _
740, 533
1,490
29.9
264, 982
2,332
33 1
355, 975
4,730
37 0
372, 381
22, 732
40.0
283, 816
11, 889
38 9
371, 870
9,118
41 1
448 561
6,407
40 4
316 626
2,342
41 3
33 8
37 1
38 1
40.7
39.8
42 2
42 6
44 2
r
r
115
49
436
149
68
340
124
132
337
129
207
409
118
189
461
110
145
518
116
151
542
110
105
542
125
77
517
35, 935
1,905
45, 633
2,918
2,398
50, 973
2,570
50,162
2,796
45, 715
4,608
2 639
53, 549
3,593
57, 472
4,948
57 643
10 223
2 835
79' 574
7,486
73 942
3,950
72, 409
4,807
35 96
32.6
17.5
18.5
43 58
34.5
19.8
21.8
48.69
36.0
22.4
23.8
49.36
36.4
21.5
24.5
48.39
37.8
21.9
24.8
50 21
38.3
22.5
25.0
50 12
38 3
22.9
25.0
m
23 0
25 0
49 80
(i)
23 0
25.0
45 60
(i)
20 6
25.0
42 57
39.4
19.4
25.0
40 37
41.0
19.0
(i)
671
.840
.776
.925
.833
1.007
851
1.072
.877
1.147
887
1.166
917
1.172
921
1 176
921
1 176
921
1 176
.915
1.176
867
1.127
21, 474
20, 221
11, 076
452
10, 376
123.0
21, 794
20, 525
7,754
408
T
7, 307
110 9
21, 845
20, 540
10, 333
517
9, 711
140.2
21, 945
20, 609
12, 638
516
11,860
139.7
22, 149
20, 758
10, 713
542
10,041
146.9
22, 153
20, 751
12, 979
530
12, 171
143 2
22, 084
20, 730
9,942
523
9,376
141 3
22, 292
20, 900
13, 273
542
12, 459
145.9
22,221
20 885
11, 069
563
10, 394
152 0
22, 246
20 957
11,083
554
10, 436
149 7
21, 134
19 903
12, 447
505
11, 699
136 4
21, 770
20, 516
10, 399
533
9,768
144.1
22, 145
20, 910
10, 287
514
9,677
138.9
78.0
24.5
79.7
25 8
85.1
27.6
79.0
25.5
82.5
25.4
80.5
25.6
86.9
29.4
79.0
25.7
75.0
25 0
85.9
27 0
80.0
26 9
'82.0
T
28.9
82.0
25.9
14.4
5.9
7,323
13 1
4 6
6 653
10.5
3.9
7,463
10.0
2.8
8,960
10.5
3.7
12, 457
11 2
3.5
12, 958
6.1
2.0
11, 845
10.3
3.8
12, 075
10 5
38
8 581
8 4
4 0
7 373
10 1
36
8 770
'T 11.3
4.7
5,311
12.7
4.2
.710
.350
732
.355
.740
.370
.755
.370
.760
.370
760
.370
770
.400
780
.400
.780
.400
780
.400
780
.400
780
.400
780
.400
744
1 033
902
1,307
1,500
1 152
727
748
628
2.68
3.05
3.42
3.40
3.51
3.72
4.11
5.35
25.62
39, 765
18, 445
55, 249
28,816
9 608
68 773
38, 948
15, 768
74, 833
44, 390
18, 360
56, 832
38, 004
16, 704
49, 254
38, 695
18 380
51 584
28, 896
14 364
42 994
40, 255
16 590
73, 139
1.760
.678
1.800
.702
2.045
.778
2.481
.892
2.469
.909
2.540
.973
3
3
2. 650
1. 131
3
3
1.775
1.775
1.965
2.725
» 2. 515
2. 560
» 2. 600
3
86
2,214
25
70
1 933
26
102
2,391
30
105
2,346
18
119
2.502
17
106
2 346
13
133
2 275
15
136
2 272
20
145
1,984
22
160
76
101
51
172
83
160
81
177
92
172
85
162
87
163
85
164
86
85 662
do
do
102, 418
Worsted nomhs
do
187
Wool yarn:
^reduction, total§
thous. of Ib
77, 555
8 725
Knitting§
do
Weaving§
do
49 380
Carpet and other§
do
19, 450
Price, wholesale, worsted yarn (Bradford
weaving system) 2/32s. . .
dol. per lb_ . 2.975
74 410
85, 975
167
96, 134
115, 302
233
87, 513
115, 284
227
91 915
120, 695
233
78 103
110, 948
191
76 483
102, 780
176
78 464
* 108, 779
194
76, 973
* 95, 260
164
51, 064
5 964
34 860
10, 240
69, 848
8,384
44, 796
16, 668
81,815
9, 585
52, 970
19, 260
69, 736
7 832
44, 180
17, 724
76, 480
8 105
48 075
20, 300
59, 664
6 084
37 480
16 100
2.975
2.975
3.665
4.125
4.175
4.175
132
58
'477
(i)
COTTON MANUFACTURES
Cotton cloth:
Cotton broad-woven goods over 12 inches in width,
production, quarterly
mil. of linear yards
2,401
Exports. _ _ _
thous. of sq. yd
52, 322
Imports
_
do
4,596
Prices, wholesale:
Mill marginsj
cents per Ib
31.66
Denim, 28-inch
cents per yd. .
31.8
Print cloth, 38^-inch, 64 x 60
do
15.1
17.2
Sheeting, unbleached, 36-inch, 56 x 60. .do
Cotton yarn, Southern, prices, wholesale, mill:
.605
22/1 carded, white, cones
dol. per Ib
40/1, twisted, carded, skeins
do
.786
Spindle activity (cotton system spindles) :1
Active spindles, last working day, total. .thous..
Consuming 100 percent cotton
__ do
Spindle hours operated, all fibers, total. mil.of hr_.
Average per working dayd" . .
do
Consuming 100 percent cotton
.do
Operations as percent of capacity
T
60 o
RAYON AND MANUFACTURES AND SILK
Rayon yarn and staple fiber:
Consumption:
Filament yarn
mil. of lb__
Staple
fiber
do
Stocks, producers', end of month:
Filament yarn
do
Staple
fiber.
_ _ do .
Imports
thous. of Ib
Prices, wholesale:
Yarn, viscose, 150 denier, first quality, minimum
filament
dol per Ib
Staple fiber, viscose, IJ-i denier
do. __
Rayon broad-woven goods, production, quarterly
thous. of linear yards
Silk, raw:
Imports
thous. of Ib
Price, wholesale, Japan, white, 13/15 (N. Y.)
dol. perlb..
WOOL
Consumption (scoured basis) :§
Apparel class
thous. of Ib
Carpet class . __
do
Imports
._
_ do
Prices, wholesale, Boston:
Raw, territory, 64s, 70s, 80s, scoured. _dol. perlb__
Raw, bright fleece, 56s, greasy, 47 percent shrinkage
_
_dol. per Ib
Australian, 64s, 70s, good topmaking, scoured, in
bond
dol. perlb..
569, 460
551, 842
r 630 093
602 000
8
576
499
395
5. 62
25.21
24.58
29, 656
13, 248
50, 179
27 944
12 716
66' 761
42 500
13 000
74 701
55 243
3. 340
1. 420
3
3
3. 600
1.535
» 3. 750
1.564
» 3. 338
1.325
3.130
1.236
3
2. 850
1.125
3. 240
'3.450
33.600
3
3 3. 010
3
2. 825
2
2
3. 275
24.37
WOOL MANUFACTURES
Machinery activity (weekly average) :§
Looms: O
Woolen and worsted:
Pile and Jacquard
thous. of active
Broad
Narrow
.
Carpet and rug:
Broad
Narrow .
Spinning spindles:
Woolen
Worsted
__
r
hours. _
do
do
do
do
4
4
77, 785
8 300
48 440
21 045
4
r
60, 268
4
7 312
r4
37
r
048
15, 908
r 22
124
2 250
21
168
88
r
153
1 852
148
73
r 73 704
89, 941
139
r4
4
76 734
111, 730
200
r4
4
r4
4
57, 744
' 4 6 816
3 5 460
r
15 468
76, 585
8 655
50 375
17 555
4
4.754
2
Revised.
i No quotation.
Substituted series. Data beginning January 1951 represent a composite wholesale price for raw silk, Japan, white, 20-22 denier, 87 percent, AA grade
3
4
tested; December 1950 quotation, $4.55.
Nominal price.
Includes operations on the American system in cotton mills which were previously reported as cotton-system spindle
operations; data beginning 1951, therefore, are not strictly comparable with earlier figures. For January 1951, the activity of these spindles not previously attributed to the worsted-system
amounted to approximately 5.3 million active hours weekly and 1.2 million pounds of yarn spun.
IData for June, September, November 1950 and January and April 1951 cover 5 week periods and for other months, 4 weeks; stock data and number of active spindles are for end of
period covered.
JScattered monthly revisions beginning 1944 (to incorporate new quotations for two constructions previously included at OP A ceiling prices) are available upon request.
d"Substituted series. See note marked "c?" at bottom of p. S--39 of the July 1950 SURVEY.
§ Data for June, September, November 1950 and January and April 1951 cover 5-week periods; other months, 4 weeks. O Beginning 1951, looms weaving fabrics principally wool by
weight.
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
1951
1950
July
June
August
1951
September
October
November
December
January
February
March
April
May
TEXTILE PRODUCTS—Continued
WOOL MANUFACTURES— Continued
Woolen and worsted woven goods, except woven
felts: f
r
105,274
Production quarterly total
thous of lin yd
i 37, 825
Apparel fabrics, total
do
r
i 1, 867
Government orders
do
85, 958
Other than Government orders total do
45, 774
Men's and boys'
do
40 18^
AVomen's and children's
do
17, 449
Nonapparel fabrics total
do
i 5, 241
Blanketing
do
r 12 208
Other nonapparel fabrics
do
Prices, wholesale, f. o. b. mill:
3.094
Suiting unfinished worsted 13 oz dol. per yd
Women's dress goods, flannel, 8 oz., 54-inch
2.475
dol. per yd_.
r
r
r
'110,179
104, 953
' 89, 850
95 724
81, 776
' 9, 536
72 240
' 38, 071
T
34 169
13 948
fT 5, 025
8 923
r 93, 310
M.418
f 88, 892
r 43, 397
' 45, 495
16, 869
r
r 1, 293
r 88, 557
r 41, 158
r
47, 399
15, 103
r 4, 987
r
10, 116
T
5,011
••11,858
3.255
3.440
4.084
4.306
4.306
4.306
4.306
2.524
2.624
2.772
2.846
2.846
2.846
2.846
3.514
3.514
(2)
3. 302
3. 302
TRANSPORTATION EQUIPMENT
AIRCRAFT
number
do
369
47
321
94
354
48
301
84
204
40
242
54
305
85
255
114
239
60
273
78
247
64
number
do
do
do
do
_
do
do
r 856, 614
598
349
720, 688
702, 935
«• 135, 328
r 120, 232
706, 702
397
291
595, 067
581, 069
722, 842
423
345
616, 827
602, 423
105, 592
93, 378
760, 566
553
502
651, 169
635, 544
108, 844
97, 116
603, 567
584
507
504, 445
490, 855
98, 538
80, 832
640, 925
664
601
521, 371
507, 120
118, 890
103, 522
606, 833
661
631
478, 589
459, 567
127, 583
109, 262
618, 321
521
483
505, 865
481, 239
94, 834
755, 022
829
792
617, 399
588, 435
136, 794
118, 235
639. 272
819
764
503, 038
98, 603
818, 123
457
374
682, 782
669, 550
134, 884
121, 303
24, 807
12, 775
12, 032
24, 927
11, 286
13, 641
22, 724
10, 906
27, 546
13, 826
13, 720
23, 976
11,818
23, 070
12, 399
10, 671
28, 589
12, 439
16, 150
35, 580
19, 382
16, 198
41, 646
22, 493
19, 153
42, 675
25, 010
17, 665
43, 174
24, 189
18, 985
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
6, 741
6, 504
3, 969
2, 535
3
237
3 6, 366
3
6, 124
3
3, 937
3 2, 187
3
3
3
3 6, 483
6, 265
3, 952
2, 313
3
218
3
6, 044
3 5, 841
3 3, 669
3
2, 172
3
3
3
3
3
3
203
7, 102
6, 809
3, 950
2, 859
3
293
3
3242
6, 257
6, 077
4, 106
3 1,971
3
180
580, 373
101, 169
444, 193
84, 142
552, 259
89, 273
472, 766
88, 058
430, 797
78, 581
512, 599
86, 287
5,701
5,949
4,405
4,405
Civil aircraft shipments cf
Exports^
248
96
MOTOR VEHICLES
Factory sales, total
Coaches, total
Domestic
Passenger cars, total
Domestic
Trucks, total
Domestic
_
Exports, totalt
Passenger cars
TrucksJ
do
do
do
25, 150
12, 979
12, 171
Truck trailers, production, total
Complete trailers
Vans
All other
Chassis shipped as such
Registrations:
New passenger cars
New commercial cars. _
_ _
do
do
do
do
do
5, 532
5, 337
do
do
3,203
2,134
195
583, 937
91,512
111,238
5, 798
5, 605
3, 316
2, 289
3193
609, 926
117,040
6, 614
6, 435
3, 735
2, 700
3
179
6, 770
6, 533
3, 944
2, 589
3
237
683, 995
126, 533
625, 755
113, 750
5,203
2,787
2,787
5,131
11,481
12, 495
3
3
3
111,935
475,316
135, 415
117,483
6, 351
s 5, 999
3
3, 459
3
2, 540
3352
467, 313
84, 961
r
652, 727
742
'702
r
511, 938
r
482, 263
r 140, 047
' 121, 461
617, 676
838
773
482, 027
457, 293
134, 811
115,072
7. 077
36,711
3
3
3, 613
3, 098
3
366
470, 446
90,627
454, 665
87, 461
9,775
9,644
2,576
2,459
RAILWAY EQUIPMENT
American Railway Car Institute:
Shipments:
Freight cars, total
number..
Equipment manufacturers, total
do
Domestic
.. _
__
do
Railroad shops, domestic
do
Passenger cars, total
._
do
Equipment manufacturers, total
do
Domestic
_
do
Railroad shops, domestic _
do
Association of American Railroads:
Freight cars (class I), end of month :§
Number owned
thousands
Undergoing or awaiting classified repairs
thousands ._
Percent of total ownership
Orders, unfilled
__ _
number
Equipment manufacturers
do
Railroad shops
do
Locomotives (class I), end of month:
Steam, undergoing or awaiting classified repairs
number. _
Percent of total on line
Orders, unfilled:
Steam locomotives, total
number
Equipment manufacturers
do
Railroad shops _.
do
Other locomotives, total
do
Equipment manufacturers
do
Railroad shops
do
Exports of locomotives, total
Steam
Other
do
do
do
4,074
3,365
3,474
2,395
2,395
2,736
3,165
709
106
106
106
0
2,148
2,148
1,326
94
93
93
1
1,724
1,722
1,719
1,719
118
6.9
39, 360
21, 936
17, 424
123
7.1
62, 124
37, 342
24, 782
108
6.3
76, 582
48, 220
28, 362
102
5.9
94, 557
63, 485
3,086
3,166
12.1
3,239
11.7
12.4
23
0
23
977
977
0
22
0
22
1,110
1,110
0
48
5
43
* 268
238
30
5,501
2,444
2,444
3,057
5,791
3,352
3,352
2,439
3,966
3,965
5,842
7,011
8,274
7,198
7,198
1,544
26
26
21
0
4,514
4,514
1,328
19
19
12
0
4,966
4,966
2,045
5,781
5,781
19
7
7
12
29
17
8
12
23
17
6
6
7, 185
7, 185
58
58
58
0
1,735
54
54
54
0
1,717
1,717
1,718
1,719
1,721
1,722
1,727
1,731
1,736
98
5.7
107, 994
76, 279
89
5.2
109, 174
78, 137
31, 037
86
5.0
126, 438
35, 007
84
4.9
135, 936
96, 658
39, 278
82
4.8
31,715
93
5.4
110, 781
79, 493
31, 288
87
5.0
138, 319
94, 837
43, 482
89
5.1
134, 348
91, 775
42, 573
90
5.2
128, 540
86, 935
41, 605
3,218
12.4
3,135
12.3
3,111
12.2
3,114
12.3
3,257
3,283
13.1
3,317
13.3
3.290
3,077
12.7
3, 003
12.6
21
0
21
1,367
1,367
0
20
0
20
1,419
1,419
0
19
0
19
1,504
1,504
0
17
0
17
1,640
1,640
0
16
0
16
1,628
1,628
0
21
0
21
1,620
1,620
0
21
0
21
1.631
1,631
0
20
0
20
1,863
1,863
0
18
0
18
1,737
1,737
0
16
0
16
1,823
1,823
0
14
0
14
1, 660
1,660
0
69
10
59
53
8
45
61
8
53
56
0
56
32
1
31
47
4
43
37
4
33
27
1
26
34
0
34
52
1
51
34
1
33
199
177
22
237
216
21
263
234
29
290
255
35
242
218
24
291
271
20
440
393
47
461
398
63
595
519
76
397
354
43
464
420
44
2,416
104
102
102
2
70
63
63
7
31,072
71
71
71
0
.
91.431
13.0
137,349
98, 625
38, 724
2,493
13.3
38
34
13
4
INDUSTRIAL ELECTRIC TRUCKS AND
TRACTORS
Shipments, total
Domestic
Export
_
_ number
do
do
604
519
85
r
Revised.
1 See note marked "t" fc>r this page. Data for the first two quarters of 1950 include fabrics containing 25-49.9 percent wool produced by woolen and worsted weavers estimated
3
as follows (thous. of linear yards): Total production—7,100; 7,600; total apparel—4,300; 4,700; nonapparel fabrics—2,800; 3,000.
2 No quotation.
Beginning July 1950, the industry coverage
has been increased by approximately 6 percent.
fRevised series. Beginning with data for 1951, the Bureau of the Census reports for woolen and worsted woven fabrics refer to goods which are principally wool by weight (i. e., exclude
fabrics containing 25-49.9 percent wool previously included). Production for the second and third quarters of 1950 has been adjusted by the Office of Business Economics to exclude these fabrics
if possible (see note 1 for this page). Adjusted figures for first quarter 1950 are as1 follows (thous. of linear yards): Total, 1101,780; total apparel, i 85,365; Government orders, 2,508; other than
Government orders, 82,857; men's, etc., 42,120; women's, etc., 40,737; nonapparel, 16,415; blanketing, 4,334; other nonapparel, 12,081.
cf Publication of data for military shipments and the total, formerly shown here, has been discontinued by the Civil Aeronautics Administration.
^Excludes "special category" exports not shown separately for security reasons.
§Not including railroad-owned private refrigerator cars.
U. S. G O V E R N M E N T P R I N T I N G O F F I C E : 195!
-INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40Pages marked S
Abrasive paper and cloth (coated)
38
Acids
24
Advertising
7, 8
Agricultural income and marketings
2
Agricultural wages, loans
15
Aircraft
11,12,14,40
Airline operations
22
Alcohol, denatured and ethyl
24
Alcoholic beverages
2,27
Aluminum
33
Animal fats, greases
25
Anthracite
2, 5, 11,13,14, 15, 34
Apparel, wearing
4, 5, 8, 9, 11,12, 14, 15, 38
Armed forces
10
Asphalt and asphalt products
36
Automobiles
2, 3, 7, 8, 9, 11, 12, 13,14, 18, 21
Balance of payments
20
Banking
15,16
Barley
28
Barrels and drums
32
Battery shipments
34
Beef and vea!
29
Beverages, alcoholic
2, 8, 27
Bituminous coal
2, 5, 11, 13, 14, 15,34,35
Boilers
.__. 33,34
Bonds, issues, prices, sales, yields
19
Book publication
„
37
Brass
33
Brick
5,38
Brokers' loans
16,19
Building construction (see Construction).
Building contracts awarded
6
Building costs
7
Building materials, prices, retail trade
5,7,8,9
Business, orders, sales, inventories
3, 4
Businesses operating and business turn-over—
4
Butter
27
Candy
29
Cans, metal
33
Capital
flotations
18,19
Carloadings
22,23
Cattle and calves
29
Cement
2,5,38
Cereal and bakery products, price
5
Chain-store sales
.
9
Cheese
27
Chemicals
2,3,4, 5,12, 14, 15,18, 21,24
Cigars and cigarettes
30
Civil-service employees
12
Clay products (see also Stone, clay, etc.)
2,38
Clothing
5, 5, 8, 9, 11, 12, 14, 15, 38
Coal
2,5,11,13,14,15,34,35
Cocoa
Coffee
Coke___
Commei'cial and industrial failures
Construction:
Contracts awarded
Costs
29
22,29
2,35
4
-
6
7
Dwelling units started
7
Employment, wage rates, earnings, hours „ _
11,
12,13,14,15
Highway
.
6,12
New construction, dollar value
6
Consumer credit
16
Consumer expenditures
1, 8
Consumers' price index
,
5
Copper
21,33
Copra and coconut oil_
25
Cora
19,28
Cost-of-living index (see Consumers' price
index)
5
Cotton, raw, and manufactures
2, 5, 6, 21, 38, 39
Cottonseed, cake and meal, oil
25
Crops
2, 5, 25, 27, 28, 30, 38
Currency in circulation
18
Dairy products
Debits, bank
Debt, short-term, consumer
Debt. United States Government
Department stores
Deposits, bank
Disputes, industrial
Distilled spirits
Dividend payments and rates
Drug-store sales
Dwelling units started
2, 5, 14, 27
15
16
17
9, 10, 16
15,16,18
.
13
27
1,18, 20
8, 9
7
Earnings, weekly and hourly
13,14,15
Eggs and poultry__
2, 5, 29
Electric power, production, sales, revenues.__
26
Electrical equipment
3,4,7,34
Employment estimates
10,11,12
Employment indexes
12
Employment security operations
13
Emigration and immigration
23
Engineering construction
6
Expenditures, United States Government
16
Explosives
25
Exports (see also individual commodities)
21
Express operations
22
Factory employment, payrolls, hours, wages .__
11,
12,13,14,15
Failures, industrial and commercial
4
Farm income and marketings
2
Farm products, and farm prices
2,5
Farm wages
15
Fats and oils
5,25,26
Federal Government,
finance
16,17
Federal Reserve banks, condition of
15,16
Federal Reserve reporting member banks
15,16
Fertilizers
5,24
Fiber products
34
Fire losses
7
Pages marked S
Fish oils and fish
25, 29
Flaxseed
25
Flooring
31,32
Flour, wheat
28
Food products
2,
3,4, 5, 7, 8, 9, 11, 12, 14, 27, 28, 29, 30
Footwear
2, 5,8,9, 12, 14, 15,31
Foreclosures, real estate
7
Foreign trade, indexes, shipping weight, value
by regions, countries, economic classes, and
commodity groups
21,22
Foundry equipment
34
Freight carloadings, cars, indexes
22, 23
Freight cars (equipment)
40
Freight-car surplus and shortage
23
Fruits and vegetables
...
2, 5, 21, 27
Fuel equipment and heating apparatus
33,34
Fuel oil
35
Fuels
2,5,35
Furs
22
Furnaces
34
Furniture
.
_ „ _ _ 2,5,8,9,11,12,13,14
Gas, customers, sales, revenues--.
26
Gasoline
36
Glass and glassware (see also Stone, clay, etc.)- 2,38
Generators and motors
34
Glycerin
24
Gold
18
Grains
5, 19,21,28
Gross national product
1
Gypsum
38
33,34
Heating and ventilating equipment
Hides and skins
5, 22.30
_ 6,7
Highways
29
Hogs
_
_
Home Loan banks, loans outstanding
Home mortgages
7
Hosiery
6,38
Hotels
11, 13, 14, 15,23
Hours of work per week
12,13
5,8,9
Housefurnishings
,
Housing
5, 6, 7,8
Immigration and emigration.
23
Imports (see also individual commodities)
21,22
1
Income, personal
Income-tax receipts
16
4
Incorporations, business, new
Industrial production indexes
2,3
16
Instalment loans
Instalment sales, department stores
.,
10
34
Insulating materials
17,18
Insurance, life
Interest and money rates_
16
International transactions of the U. S
20 , 21,22
3,9,10
Inventories, manufacturers' and trade
Iron and steel, crude and manufactures
2,
3,4, 6, 11, 12, 13, 14, 21 ,32,33
8, 9, 16
Jewelry, sales, inventories, sale crecii
Kerosene
35
Labor disputes, turn-over
13
Labor force
10
Lamb and mutton
29
Lard
29
33
Lead_
Leather and products
2, 3, 4, 5, 12, 14, 30, 31
Linseed oil,
,
23
Livestock
2, 5, 29
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)„
7, 15, 16,17, 19
Locomotives
40
Looms, woolen, activity „
.
39
Lubricants
,
35
Lumber
2,5, 11, 12, 13, 14,31,32
Machine activity, cotton, woo!
39
Machine tools
34
Machinery
2,3 S 4, 11, 12,13, 14,18,21,34
Magazine advertising
8
Mail-order houses, sales
10
Manufacturers' sales, inventories, orders
3.4
Manufacturing production indexes
2.3
Meats and meat packing
_ _ 2, 5, 11, 12, 14, 29
Metals
-_ 2, 3, 4, 6, 11, 12, 13, 14, IS, 18, 32, 33
Methanol
24
Milk___
27
Minerals
2,3, 13, 14, 15
Money supply
18
Mortgage loans
7, 15, 16
Motor fuel
36
Motor vehicles
3, 8, 9, 40
Motors, electrical
34
National income and products
1
Newspaper advertising
„.
8
Newsprint
22,37
New York Stock Exchange
10, 20
Oats
28
Oil burners
34
Oils and fats
5,25,26
Oleomargarine
26
Operating businesses and business turn-over, _
4
Orders, new and unfilled, manufacturers'
4
Paint and paint materials
5,26
Paper and pulp
2, 3, 6, 11, 12, 14, 36, 37
Paper products
2, 3, 4, 36, 37
Passports issued
23
Payrolls, indexes
12
Personal consumption expenditures
8
Personal income
1
Personal saving and disposable income
1
Petroleum and products
2,
3, 4, 5, 11, 12, 13, 14, 15, 21, 22, 35, 36
32
Pig iron.
Pages marked S
Plant and equipment expenditures
1
Plastics and resin materials, synthetic
26
Plywood. _ _
31
Population
10
Pork
29
Postal business-.
8
Postal savings
16
Poultry and eggs
2, 5, 29
Prices (see also individual commodities):
Consumers' price index
5
Received and paid by farmers
5
Retail price indexes
5
Wholesale price indexes
5, 6
Printing
2,3,4, 11, 12, 15,37
Profits, corporation
18
Public utilities
1, 5, 11, 13, 14, 15, 17, 18, 19, 20
Pullman Company
23
Pulpwood
36
Pumps
34
Purchasing power of the dollar
6
Radio advertising
7
Railways, operations, equipment, financial statistics, employment, wages
1,
11,12,13,14,15,17,18,19,20,22,23,40
Railways, street (see Street railways, etc.).
Rayon and rayon manufactures
2, 6, 39
Real estate
7
Receipts, United States Government
16
Reconstruction Finance Corporation, loans
17
Refrigerators
34
Rents (housing), index
5
Retail trade, all retail stores, chain stores, department stores, mail order, rural sales, general merchandise
3,4,8,9,10
Rice
28
Roofing and siding, asphalt
36
Rosin and turpentine
24
Rubber, natural, synthetic, and reclaimed,
tires and tubes
22,37
Rubber industry, production index, sales, inventories, employment, payrolls, hours,
earnings
2, 3, 4, 12, 14, 15
Rye
28
Saving, personal
1
Savings deposits
16
Securities issued
18,19
Service industries
8, 11
Sewer pipe, clay
38
Sheep and lambs
_
29
Shipbuilding
11, 12, 13, 14
Shoes
2,5,8,9,12,14, 15,31
Shortenings
26
Silk, imports, prices
6, 22, 39
Silver
18
Skins
5,22,30
Slaughtering and meat packing
2,
11,12,14,29
Soybeans and soybean oil
25
Spindle activity, cotton, wool
39
Steel ingots and steel manufactures (see also
Iron and steel)
32,33
Steel, scrap__
32
Stocks, department stores (see also Manufacturers' inventories)
10
Stocks, dividends, issues, prices, sales, yields.20
Stokers, mechanical
34
Stone, clay, and glass products
2,
3,11,12.13,14,38
Stoves
34
Street railways and buses
13,14,15, 22
Sugar
22,30
Sulfur
25
Sulfuric acid
24
Superphosphate
,
24
Tea
30
Telephone, telegraph, cable, and radio-telegraph carriers
11, 13, 14, 15, 19, 20, 23
Textiles
2, 3, 4, 6, 11, 12, 14, 15, 21, 38, 39, 40
Tile
38
Tin
22.33
Tires and inner tubes
6, 12, 14, 15, 37
Tobacco
2, 3, 4, 5, 7, 8, 11, 12, 14, 15, 30
Tools, machine
34
Trade, retail and wholesale. 3, 4, 8. 9.10,11, 13,14,15
Transit lines, local
15, 22
Transportation, commodity and passenger
22, 23
Transportation equipment
2, 3,4,11,12,13,14,40
Travel
23
Truck trailers
40
Trucks
40
Turpentine and rosin
.__.
24
Unemployment and unemployment compensation
10,13
United States Government bonds
17,18,19
United States Government,
finance
15,17
Utilities
1, 5, 11, 13, 14, 15, 17, 18, 19, 20
Vacuum cleaners
34
Variety stores
9
Vegetable oils
25, 26
Vegetables and fruits
2,5,21,27
Vessels cleared in foreign trade
23
Veterans' unemployment allowances
13
Wages, factory and miscellaneous
Washers
Water heaters
Wax__
Wheat and wheat
flour
Wholesale price indexes
Wholesale trade
Wood pulp
Wool and wool manufactures
Zinc_
13,14,15
34
34
36
19,28
5, 6
10
36
2, 6, 22, 39, 40
33
THE SECRETARY OF COMMERCE
WASHINGTON 25
To the
Businessmen of America
The U. S. Department of Commerce is in business
to help you.
Established by Congress to foster and promote
domestic and foreign commerce, the Department has
a wealth of information and experience of practical use
to businessmen.
This is a personal invitation to make use of our
nearest Field Office. The Department and its employees
stand ready at all times to serve you.
We join with you in wanting successful and
prosperous business in order to insure a successful and
prosperous America.
Charles Sawyer
Secretary of Commerce
@FedFRASER