Full text of Survey of Current Business : August 1952

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AUGUST

U. S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS

1952

SURVEY

OF C U R R E N T

BUSINESS

Aibaquerqne, N. Mex.
204 S. 10th St.

Memphis 3, Teun,
229 Federal Bid*.

Atlanta 3, Ga,
86 Forayth St, NW.

Miami 32, Fla.
36 NE. First St,

Baltimore 2, Md.
200 E. Lexington St.

Milwaukee 2, Wis.
207 E. Michigan St.

Boston 9, Mass.
40 Broad St.

Minneapolis 2, Minn.
607 Marquette Ave.

Buffalo S, N. Y.
117 EIHcott St.

Mobile 10, Ala.
109-13 St. Joseph St.

Butie, Mont.
306 Federal Bid*.

New Orleans 12, La.
333 St. Charles Aye,

Charleston 4, S. C,
Area 2,
Sergeant Jasper Bldg,

New York 36, N. Y.
2 West 43d St.

1

Cheyenne, Wyo.
308 Federal Office Bldg,

Oklahoma City 2, Okla.
114 N. Broadway

3
8

Chicago 1, 111.
221 N. LaSalle St.

Omaha, Nebr.
403 So. 15th St.

Cincinnati 2, Ohio
105 W. Fourth Sti

Philadelphia 7, Pa.
1015 Chestnut Si,

Cleveland 14, Ohio
925 Euclid Ar«,

Phoenix, Ariz.
311 N. Central Ave.

Dallas 2. Tex.
1114 Commerce St.

Pittsburgh 22, Pa.
717 Liberty Are.

Denver 2, Colo.
142 New Custom House

Portland 4, Oreg.
520 SW. Morrison Si,

Detroit 26, Mich.
1214GriswoIdSt.

Providence 3, R. I.
327 Post Office Annex

E! Paso, Tex.
Chamber of Commerce
Bldg,

Reno, NOT.
1479 Wells ATO.

Hartford 1, Conn.
135 High St.

Richmond, Va.
400 East Mftia St.

Houston, Tex.
430 Lamar St,

St. Louis 1. Mo.
1114 Market St,

Jacksonville 1, Fla.
311 W. Monroe St.

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

Kansas City 6, Mo.

San Francisco 2, Calif.

Los Angeles 15, Calif
112 West 9th St

Savannah, Ga.
125-29 Bull St,

Louisville 2, Ky.
631 Federal BSdg,

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

No, 8

AUGUST 1952

L^ontentd
PAGE

THE BUSINESS SITUATION . . . . .
Review of National Income and Product in the Second
Quarter . . . . .
.
.
.
.
Income on International Investments in 1951 . . . .

SPECIAL ARTICLES
State Income Payments in 1951 . . . . . . . . . . 10
Capital Expenditures by Nonmanuf acturing Industries . 19

MONTHLY BUSINESS STATISTICS . . . . S-l to S-40
New or Revised Statistical Series . . . . . . . . . . 24
Statistical Index
Inside Back Cover

Published by the U. S. Department of Commerce, C H A R L E S S A W Y E R ^
Secretary. Office of Business Economics, M. JOSEPH MEEHAN,
Director. Subscription price, including weekly statistical supplement, is
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any Department of Commerce Field Office or to the Superintendent of Docu»
ments, United States Government Printing Office, Washington 25, D. C.
Special subscription arrangements, including changes of address, should be
made directly with the Superintendent of Documents. Make checks payable
to Treasurer of the United States.




DEPARTMENT OF C O M M E R C E
FIELD SERVICE

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

AUGUST 1952

By the Office of Business Economics

L

INDUSTRIAL activity was set back in July by the combined effects of the work stoppage in steel and widespread
vacations. The flow of final products to consumers was not
retarded to the same extent because of the cushioning effect
of inventories available in most steel consuming industries.
Following the settlement of the dispute late in the month,
steel production recovered rapidly.
National defense expenditures, which had advanced $3
billion, at annual rates, in the second quarter, moved up
again in July. Business demand for capital goods also continues strong, although the steel shutdown may impede the
fulfillment of third quarter schedules. Total private construction put in place in July, valued at $2 billion, recorded
the usual seasonal rise over the June volume.
Personal income continued its moderate rise in June,
reading $266 billion at annual rates. This was an increase of
$1% billion over May, largely ascribable to higher farm prices
and incomes. Employment in July was at 62.2 millions; the
drop of .3 million from June was occasioned by a seasonal
decline in agricultural employment of more than .5 million,
combined with an increase of .2 million persons employed in
nonagricultural industries. Steel workers on strike were
counted as employed unless actually looking for another job.
An immediate effect of the steel shutdown was to idle
four-tenths of a million workers in basic steel and to contribute to the increase of nearly three-tenths million in the
number of persons—chiefly workers in steel fabricating or
transporting industries laid off for lack of steel—requesting
unemployment compensation. Another result was to reduce
shipments of durable goods manufacturers in June $1.2
billion or 10 percent below the May total and to cut them
still more in July. The steel shutdown was also a major
factor in reducing business inventories held by manufacturers, wholesalers, and retailers of durable goods by $750
million during June alone.

Price trends firmer
Developments in recent weeks have tended to lend greater
firmness to prices. In wholesale markets, this has been generally true only since the opening of the third quarter. The
Bureau of Labor Statistics weekly index of wholesale prices
rose from 110.7 (1947-49=100) early in July to 111.5 in the
week ending July 29.
The small decline in average wholesale prices during the
preceding quarter had been, markedly different in character
from that which occurred in the preceding twelve months.
Between March 1951, when wholesale prices attained their
highest level of 116.5 (1947-49 = 100) and March 1952 when
the wholesale price index was down to 112.3 seven-eighths
of the drop was accounted for by farm products and a relatively small group of other crude and semiprocessed materials
216265°—521



such as crude rubber, hides and skins, leather, inedible fats
and oils, whose total sales volume amounted to only about
one-fifth of total primary market sales in the base period.
The great bulk of the other commodities, mostly fabricated products including processed foods, whose sales constitute about four-fifths of the total in primary markets,
accounted for the remaining one-eighth of the drop in the
combined index. During the 1952 April-June quarter, however, the crude and semiprocessed materials as a group—•
with some outstanding exceptions like crude rubber—moved
only a little lower and accounted for only one-third of the
second quarter decline in the wholesale index. The other
group of more highly fabricated products declined more in
the second quarter than during the previous year—although
in both periods the reduction was fractional.
In retail markets, the slight advance of consumer prices
continued during the second quarter; by June the consumer
price index of the Bureau of Labor Statistics reached the
figure of 189.6, slightly above the year-end figure of 189.1.
The rise of consumer prices in the past few months has been
ascribable chiefly to higher prices for food—with all major
food groups except dairy products moving up—for rents
and other personal services and for miscellaneous consumer
goods. Apparel and housefurnishing prices have continued
to decline.

Consumer goods markets stronger
Evidence is accumulatiDg of improved activity in textile
products and some of the other consumer soft goods lines in
which sluggish markets have restricted production for the
past year. The process of eliminating excess inventories
has for some time held production of these products below
the rate of consumption of finished goods. With sales at
retail also a little better, the easing of the pressure to curtail
inventories has led to a moderate upturn in orders placed
with manufacturers as well as increasing resistance to price
declines in both wholesale and retail markets.
Sales of all retail stores, seasonally adjusted, were 2 percent higher in the April-June quarter than in the first quarter
and about 4 percent above the comparable 1951 period—b}^
which time the early 1951 buying wave had subsided. Sales
of most of the major nondurable goods stores groups registered small increases from the first to the second quarters
and were also above the second 1951 quarter. In view of
the lowered prices of apparel and homefurnishings and
appliances, the steady to ^slightly rising sales trend of
apparel, homefurnishings, and general merchandise stores
in recent months indicates an improvement in unit sales.
Among consumer durables, automotive product sales in the
second quarter made important gains both from the first
quarter level and from the April-June period of 1951.

SUEVEY OF CURRENT BUSINESS
Sales of other durable goods stores were advancing during
the quarter, although the second quarter as a whole was
below the first quarter.
As sales increased, retailers' inventories have declined to
a degree where, in may lines, they no longer appear burdensome. Average inventory-sales ratios show that in nearly all
lines, second quarter retail inventories had been lowered
materially, in relation to sales, by comparison with their
unsatisfactory position in the second quarter of 1951 and in
some cases were lower than at any time since 1950. Improvement was especially marked in the inventory position
of automotive and homefurnishings stores.

Output and Final Purchases
In the past two years, increases in gross national
product and final purchases differed significantly
because of sizable inventory shifts

-20

Change in Billions of Dollars f
O
+2O
+4O

+6O

GROSS NATIONAL PRODUCT
'FIRST HALF 1951 TO FIRST HALF 1958

FINAL PURCHASES
CHANGE IN
BUSINESS
INVENTORIES

Aggregate shipments of manufacturers declined from May
to June with the drop in the primary metal industry accounting for a large part of the drop. Since new orders increased,
unfilled order backlogs were higher at the end of June than a
month earlier and also above the end of March total.
The June rise in new orders amounted to $1.5 billion, up 7
percent from May, and it had at least two significant aspects.
One was the increase of $800 million in the value of new
orders, chiefly for defense goods, in the electrical and nonelectrical machinery groups. Since these new orders were
in excess of shipments, unfilled orders for these groups inv
creased by $350 million. With the backlog in primary metals
also up substantially as a result of the sharp drop in shipments, at the end of June aggregate unfilled orders for durable
goods were up about $950 million for the month and $850
million for the second quarter.
The other significant feature of the June rise in new orders
was that the textile group experienced the most pronounced
increase in demand among the nondurables. As a result,
aggregate new orders for textiles in the second quarter exceeded the first quarter total and also that for the second
1951 quarter. Theyalso exceeded shipments during the second quarter, so that it was the first 3-month period in over a
year in which the unfilled order backlog of this type of consumer goods rose. The improved order position was reflected
in slightly higher employment in textiles and apparel during
June.
Unfilled orders of all manufacturers rose in June $1.4 billion
as a result of the jump in new business and the drop in shipments. Of this total, the backlog of nondurable goods
producers rose $0.5 billion, the first increase in over a year.
The significant aspect of this rise in the nondurable backlog
is that it was achieved by an expansion of new business rather
than by a drop in shipments; for more than a year previously
shipments had exceeded the inflow of new business. The
durable goods backlog, on the other hand, has grown uninterruptedly, with the exception of last May, since September
1949 as new orders generated by the defense build-up and
capital expansion have kept ahead of shipments.
Because stocks of many steel consumers were ample when
the strike began, the full effect of the stoppage of steel supplies upon the flow of fabricated products was not felt until
July or in some cases even later. Among durable goods
producers, inventories held by those making chiefly consumer goods are smaller in relation to sales than those held
by makers of defense and producers goods.

FINAL PURCHASES, TOTAL *

GOVERNMENT PURCHASES
PERSONAL CONSUMPTION
EXPENDITURES
INVESTMENT OTHER
THAN INVENTORIES

and advanced to more than one-fifth of the
aggregate of such purchases

100

Construction volume remains large

75 —

PERSONAL
CONSUMPTION
EXPENDITURES

50 —

il

•5

INVESTMENT
OTHER THAN
INVENTORIES

1 25 —

FIRST HALF

FIRST HALF

FIRST HALF

I960

1951

1952

HALF-YEARLY TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES
FINAL PURCHASES ARE TOTAL OUTPUT LESS CHANGE IN INVENTORIES
I/. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS




Manufacturers* orders higher

Backlogs up again

Government absorbed a mounting share of
the rise in final purchases

a.
"5
c

August 1952

52-119

Total construction put in place in the opening month of
the third quarter amounted to nearly $3.1 billion, 7 percent
above July 1951. Although private building recorded the
usual seasonal advance from June to July, public construction
increased by somewhat less than the usual amount. July
activity in both groups, on a seasonally adjusted basis, was
below the second quarter average.
Although July residential construction, seasonally adjusted, was below the second quarter rate, the number of
private dwelling units started in June, the latest month for
which data are available, was 99,200—the largest for any
June except 1950. During the first half of 1952, the number
private dwelling units started aggregated 524,000 or about
the same total as im the first half of 1951.
Lack of steel was a factor in holding the rise in highway
construction below the amount expected for the month. For
the first 7 months of the year, aggregate public construction at $6 billion is the largest on record for a similar period.

August 1952

SURVEY OF CURRENT BUSINESS

Review of National Income and Product
In the Second Quarter
JL HE Nation's output in the second quarter continued
to move gradually upward in a setting of general stability
that has characterized the economy in the past year. Defense
outlays showed additional expansion; personal consumption
rose slightly in the aggregate, though changing further in
composition; and fixed investment was stable at a high rate.
Gross national product in the second quarter was at an
annual rate of $343 billion, compared with $339% billion in
the preceding quarter. Most of the rise, while moderate,
represented a larger physical volume of production.
A second-quarter estimate of total income arising in
production is not yet available for lack of adequate data to
compute corporate profits. However, personal income—the
sum of income receipts of persons from all sources—showed
a further small increase, from an annual rate of $263 billion
in the first quarter to $264% billion in the second.
The second-quarter advance brought real national output
for the first half of the year to a level about one-eighth
higher than that of the first half of 1950. The major part
of the increase, but by no means all, occurred in the first
year of the mobilization, when the economy was able to
draw on appreciable reserves of manpower and plant
capacity.

Private purchases steady
National security expenditures advanced strongly in the
June quarter—the increase over the first quarter approximating that of the total national product. Purchases in the
other major sectors showed relatively little change with the
notable exception of consumer durables, where expenditures
for automobiles advanced sharply and those for other types
of goods declined moderately. With respect to business
plant and equipment, it may be noted, the most recent
Commerce-SEC survey of intentions indicates that such
outlays have continued strong into the third quarter.
The work stoppage in the steel industry was the principal
new economic development during the second quarter.
Although there had been minor interruptions in output
earlier in the quarter, the main curtailment began in June.
It resulted in a reduction of steel output for that month to
less than one-fifth of the rated capacity of the industry.
Since the main effects of the steel shut-down were not felt
until June, it did not greatly influence the quarterly statistics.
Moreover, the shut-down did not have appreciable secondary
effects on the output of steel-using commodities in the
second quarter. The machinery, automobile, and other
basic metal-using industries were able to maintain operations
during June by drawing down inventories, and it was not
until July that the shortages began to make inroads on
their production.
It may be noted that in an unduplicated measure of output
such as gross national product the loss incurred by the steel
stoppage is not the total (market) value of the tonnage.
Rather, it is that portion of the total value which is accounted
for by the steel industry alone, as distinct from the portion
contributed by other industries in the form of materials and
supplies used in the manufacture of steel. In the second
quarter, to the very considerable extent that it was maintained, the production of such materials and supplies was
accounted for in the measure of national product.



The June quarter marked the end of the second full year
since the Korean invasion. The deep impress of the national
security build-up on the over-all expenditure flow in this
two-year interval is summarized in the accompanying chart.
It may be emphasized that a substantial part of the
increase in the dollar value of final purchases—total production other than net inventory accumulation—has accrued
to the private sectors of the economy, notwithstanding the
tremendous rise in defense outlays. Almost one-half of the
$73 billion expansion in final purchases over the two-year
period was absorbed in nongovernment uses—notably for
personal consumption and business investment in new plant
and equipment. (With allowance for price changes, this
proportion is reduced, but still amounts to one-third.)
Therefore, the decline in nongovernment purchases as a
relative share of all final purchases reflects the more rapid
expansion in the government sector.
One other general point about the chart may be noted.
Although the sharp decline in the rate of inventory investment in the 1951-52 period (depicted in the top panel)
coincided with a marked step-up in government purchases,
it should not be inferred that this was a forced draft upon
stocks stemming from general demand pressures. On the
contrary, as discussed in the recent May issue of the SURVEY,
the reduced rate of inventory accumulation represented, in
the main, a reaction from the stock build-up that had
occurred in the previous year. Manufacturers and distributors had become apprehensive about the size of their inventories in relation both to current demand (which, in many
instances, was considerably less than had been expected)
and to the easing supply situation, and they systematically
allowed their stocks to be drawn down.
Demand for Gross National Product

Security expenditures advance briskly
Federal, State, and local government purchases advanced
at annual rates from $74% billion in the first quarter of the
year to $78 billion in the second. Virtually the entire $3K
billion increase occurred in national security expenditures.
At the annual rate of $50% billion in the spring quarter,
they amounted to 14^ percent of the total national output.
This compares with 10K percent in the same quarter a year
ago, when such expenditures were at a rate of $35 billion.
Most of the second-quarter increase in national security
outlays originated in the accelerated flow of "hard goods"—
such as tanks, planes, ships, and ammunition—and in the
enlarged volume of military construction. However, two
additional elements contributed to the advance. These were
the notable step-up in stockpile deliveries over the unusually
low volume of the preceding two quarters and the increase
in the base pay of the Armed Forces which went into effect in
May.
In order to maintain the momentum of defense output
during the steel stoppage, the National Production Authority
ordered an immediate ban on steel shipments to manufacturers of less essential, commodities and placed a temporary
embargo on steel exports. It also acted to divert to defense
uses as much as possible of the steel production of mills

SUEVEY OF CURRENT BUSINESS

August 1952

which remained in operation—representing about one-eighth
of total steel capacity. On balance, however, defense
output was maintained at a high level during June by drawing upon inventories.

ing the imputed rental value of owner-occupied homes) and
household operation accounted for the bulk of the latest
increase.

Rise in consumer automotive outlays

Gross private domestic investment was at the seasonally
adjusted annual rate of $49^ billion in the second quarter,
little changed from the first three months. The striking
decline from the $65 billion annual rate in the second quarter
of last year is attributable almost entirely to the substantial
shift in the rate of nonfarm business inventory accumulation.
This was reduced from $15 billion, at an annual rate, in th^
second quarter of 1951 to minus $1 billion in the corresponding period of this year.

Personal consumption expenditures edged further upward in the spring quarter to $215 billion at a seasonally
adjusted annual rate, as compared with $213 billion in the
opening quarter of the year. With consumer prices averaging about the same in the two quarters, the rise reflected
an increase in the real flow of goods and services. This
increase was similar to that which occurred in the previous
quarter.
The automotive group registered the most striking advance of any of the major consumption categories from
the first to second quarters. At more than $1% pillion
(annual rate), this advance was approximately equivalent
to the net increase in total consumption expenditures.
This was the first rise in automotive outlays since the
third quarter of 1950, when the initial post-Korean buying
wave generated the extraordinary increase of $3 billion
over the $11% billion rate of the previous quarter. With
the recent increase, expenditures in this category regained
their second-quarter 1950 rate.
Several factors contributed to the increase. The generally improved supply situation during most of the quarter,
reflected in the relaxation of production controls, provided
a basis for an output at the annual rate of almost 4.8 million
passenger cars. This represented an increase over the first
quarter that was more than twice the rate originally scheduled. In turn, the easier credit terms that followed the
suspension of Regulation W on May 7 provided an impetus
to demand. Moreover, there were indications by the close
of the quarter of some step-up in buying in anticipation
of future delays that might be caused by the looming steel
shortage—as sales outstripped production and led to marked
declines in dealers' inventories.
In contrast to the spurt in expenditures for automobiles
and accessories, consumer outlays for other durables showed
a further moderate decline in the second quarter. A large
part reflected the softening price trend for consumer durables
in evidence since the latter part of 1951. Also noteworthy
is that the quarter ended with sales of many consumer
durables on the upgrade.
Virtually all of the second-quarter decline in non-automotive consumer durables occurred in the furniture and
household equipment group. Although individual categories
in this large and heterogeneous group showed diverse movements, on balance the market reflected a lagging ^ consumer
demand. Because of it, manufacturers of television sets,
radios, and some household equipment lines cut back
production during the quarter to prevent excessive inventory
accumulation.

Nondurable goods consumption firm
Consumer purchases of nondurable goods continued firm
in the spring quarter, unchanged from the $118 billion
annual rate of the previous quarter. In general, fluctuations
in outlays for major types of nondurable goods were small
and merely reflected price movements, with little or no
change in physical volume from the first quarter indicated.
Rising by $% billion to an annual rate of $71 billion, consumer expenditures for services continued their steady rate
of increase in the second quarter. Outlays for rents (includ


Private investment stable

Personal Income
BILLION DOLLARS

27O

TOTAL
INCOME
advanced
slightly in
the second
quarter as .

26O

250

24O
BILLION DOLLARS

MILLIONS

3O

I6O

150

20

PAYROLLS
(LEFT SCALE) >.

140

PRIVATEINDUSTRY
PAYROLLS
were retarded
by work stoppages . . .

10

130
BILLION

DOLLARS

4O

GOVERNMENT
PAYROLLS
increased
moderately
with the rise in
military pay
rates and . . ,

3O

2O
BILLION

DOLLARS

IOO

OTHER TYPES
OF INCOME,
in total, showed
a small gain

9O

eo
1951

1952

DOLLAR FIGURES ARE QUARTERLY TOTALS,
SEASONALLY ADJUSTED, AT ANNUAL RATES
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS

52-117

The over-all change in business inventories in the second
quarter was quite small, with roughly offsetting changes
recorded for the farm and nonf arm sectors. Private fixed
investment was also stable, holding the high ground to which
it had moved in the opening quarter of the year. The

August 1952

SURVEY OF CURRENT BUSINESS

stability extended to both new private construction and producers' purchases of durable equipment.
Inventories show mixed movements
The small decrease in nonfarm business inventories in
the second quarter was largely a resultant of diverse movements in two of the major industrial groups, durable-goods
manufacturing and wholesale trade.
In the first two months of the quarter, inventories of
durable-goods manufacturers—particularly in the predominant metal-working group—rose at a rate which if maintained through June would have yielded an increase of
•*roughly $2 billion, on an annual-rate basis. (This is after
allowance for price changes.) Because of the net drain
imposed on stocks by the steel work stoppage in June, however, the actual change for the quarter as a whole was of
minor proportion.
The draft on steel inventories in June extended over the
wide array of industries that are either producers or users of
steel products. It resulted in heavy drains on finished-goods
inventories and on gopds-in-process. The movements in
raw materials and supplies were mixed—a reflection of bottlenecks caused by the dwindling supply of steel components
on factory assembly lines. These led, in many instances,
to curtailed production and to a temporary oversupply of
materials normally used in combination with items that
were in short supply.
It was primarily in its inventory effect that the steel
stoppage was manifested on the product side of the national
accounts, As noted earlier, manufacturers were able to
maintain the output of most commodities flowing to consumers, to government, and to business for capital account
by drawing down their stocks. At the time the flow of steel
was interrupted these stocks were high in most of the metal
working industries.
Although the sizable decline which occurred in wholesale
trade inventories in the second quarter may have reflected to
some extent a drawing down of stocks of steel parts and
supplies, in the main it was a continuation of the reductions
that had been made in this area in the opening quarter of the
year. Inasmuch as wholesale trade experienced only a slight
reduction in the rate of inventory accumulation in the latter
part of 1951, in contrast to the sharp scaling down that occurred in most other sectors, the liquidation in wholesale
trade stocks in the first half of 1952 would appear to represent a belated adjustment of the industry's inventory position.
Residential construction
While the value of private residential construction put in
place was steady at an $11 billion annual rate from the first
to second quarters of 1952, monthly data reveal a noteworthy fluctuation within the period. After allowance for
seasonal influences, home-building activity moved up sharply
in February and March and receded steadily in the ensuing
three months. According to preliminary data, this decline
was arrested in July, when the value of residential construction was about 4 percent below the second-quarter average.
Plant and equipment maintain record rates
Business expenditures for new plant and equipment were
maintained at record rates in the second quarter. There
was little change in the major component flows.
Some indication of the degree to which this investment is
being channeled into industrial mobilization is indicated by
the scope of the accelerated tax amortization program. The
Office of Defense Mobilization reports in this regard that in
the second quarter rapid tax amortization was authorized



for additional industrial expansion projects valued at $3%
billion, bringing the total value of projects aided to date to
almost $21% billion. The rapid amortization privilege, however, does not apply to the full value of the projects included
in this total.
Capital outlays for commercial, recreational, and institutional expansion continued to lag in the second quarter.
This reflected, among other factors, the restraining influence
of the control on commercial building credit and the continued restriction on use of steel for these types of construction. (Relaxation of the steel restrictions was scheduled to
start on July 1 but have had to be deferred.)
Decline in net foreign

investment

Net foreign investment, which measures the excess of
exports over imports other than those matched by unilateral transfers, was at an annual rate of $1 billion in
the second quarter. This was half as large as the firstquarter rate.
With total exports and imports sustained, the decline in
net foreign investment in the second quarter reflected primarily an increase in exports financed by Government grants.
Since such grants are included in the Government-purchases
component of gross national product, equivalent amounts
of exports are excluded from the international balance as
measured by net foreign investment.
Prior to the pick-up in the June quarter, Government
grants had been declining steadily since the second quarter
of last year. Most of the recent increase was in military
shipments, although some additional economic assistance
was also included.
The Flow of National Income
Personal income in the second quarter, at an annual rate
of $264% billion, continued the gradual rise in evidence since
the last quarter of 1951. Indicative of the small change in
personal income in the recent period, the June rate of $266
billion was IK percent above that of October 1951.
The relative stability of the personal income total extended
to most types of income flows; for many components, secondquarter values differed little from those in the preceding
period.
Labor disputes retard payroll rise
Total payroll disbursements by private industry in the
second quarter were unchanged from the first at an annual
rate of $146 billion.
Work stoppages arising from labor-management disputes
in several industrial sectors retarded the payroll flow in the
second quarter. In addition to the steel shut-down, there
were significant work stoppages during the quarter in segments of the communications and contract construction
industries, in petroleum producing and refining, and in
lumbering. As reported by the Bureau of Labor Statistics,
about 27 million man-days were lost through work stoppages
in the second quarter, as compared with less than 4 million
in the preceding three months. The direct wage loss involved in these disputes in the second quarter amounted to
roughly $350 million, or $1% billion when expressed as an
annual rate for comparative purposes.
Factory wages decline
As a result of the industrial disputes, wages in durablegoods manufacturing were slightly lower in the second
quarter. Except for the primary metals group, which in-

SUKVEY OF CURKENT BUSINESS

6

August 1952

Table 1.—National Income and Product 1951 and First Two Quarters 1952
[Billions of dollars]
Unadjusted
1951

Seasonally adjusted at annual rates

1951

I

II

1952

III

IV

1952 .

1951

I

II

I

II

III

IV

I

II

(2)

269.6

274.8

280.2

285.6

288.0

(2)

2.4

172.9
163.9
137.6
7.4
18.9
8.9

178.2
169.3
141.2
8.5
19.6
9.0

181.0
172.1
142.0
9.1
21.0
8.9

183.4
174.3
143.8
9.6
. 20.9
9.1

186.5
177.4
145.8
(22)
()
9.0

186.9
177.8
145.6
(22)
()
9.2

13.0
6.9
3.7
2.4

49.7
26.2
15.1
8.5

49.0
26.0
14.4
8.5

50.8
26.0
15.8
9.1

53.1
26.6
17.0
9.4

52.1
27.3
15.4
9.4

51.9
27.6
14.8
9.5

40.7
50.1
28.4
21.7
-9.4

41.2
43.3
24.5
18.8
-2.1

41.9
38.6
21.8
16.9
3.2

42.5
39.5
22.2
17.3
3.0

42.7
42.7
24.7
18.1
—.1

NATIONAL INCOME BY DISTRIBUTIVE
SHARES
277.6

66.1

68.7

70.6

72.2

70.6

178.9
169.9
141.2
8.6
20.1
9.0

42.5
40.2
33.6
1.8
4.8
2.3

44.4
42.1
35.0
2.1
5.0
2.3

45.5
43.3
36.1
2.3
4.9
2.2

46.4
44.3
36.5
2.4
5.4
2.1

45.9
43.5
35.5
(22)
()
2.4

.-

50.6
26.2
15.6
8.9

12.4
6.6
3.8
2.1

12.2
6.5
3.6
2.1

12.7
6.5
4.0
2.3

13.3
6.7
4.2
2.4

13.0
6.8
3.8
2.3

Corporate profits and inventory valuation
adjustment
Corporate profits before tax
Corporate profits tax liability
Corporate profits after tax
Inventory valuation adjustment
-

41.6
42.9
24.2
18.7
-1.3

9.5
11.9
6.7
5.1
-2.3

10.4
10.9
6.2
4.7
-.5

10.8
10.0
5.6
4.3
.8

10.9
10.1
5.7
4.4
.8

10.0
10.0
5.8
4.2
.0

6.4

1.6

1.6

1.6

1.6

1.7

1.7

6.3

6.4

6.5

6.6

6.7

6.9

27.4

6.3

6.8

6.8

7.4

7.6

7.6

25.1

26.8

28.6

29.0

30.0

30.5

329.2

79.2

80.1

81.8

88.2

83.3

83.4

319.6

329.3

330.9

337.1

339.4

343.2

208.0
27.1
113.5
67.3

50.0
7.0
26.4
16.6

50.4
6.4
27.2
16.8

50.5
6.3
27.5
16.7

57.0
7.5
32.4
17.2

50.5
5.5
27.4
17.7

53.2
6.4
29.1
17.8

210.5
31.3
113.3
65.9

204.5
26.3
111.3
66.9

206.4
25.5
113.2
67.6

210.5
25.3
116.2
69.0

213.2
25.2
118.0
70.0

214.9
26.4
117.8
70.8

58.5
23.3
11.0
12.3
24.9
10.3
9.4

14.6
5.9
2.8
3.1
6.6
2.1
1.8

14.1
6.3
2.9
3.5
5.8
2.0
1.8

12.5
5.8
2.7
3.1
6.1
.7
.5

14.1
5.0
2.2
2.8
6.4
2.7
2.5

10.2
5.9
2.8
3.1
6.6
-2.3
-2.5

59.8
24.7
12.8
11.9
24.8
10.3
9.0

65.2
23.5
10.9
12.6
25.4
16.3
15.2

56.2
22.4
9.9
12.5
24.9
8.9
8.2

52.9
22.4
10.3
12.1
24.7
5.8
5.2

50.0
23.7
11.0
12.7
25.7
.6
—.1

49.3
23.6
11.0
12.6
25.7
.1
-.8

.2

17.3
5.2
2.6
2.6
6.4
5.6
5.3
fj

.0-

.2

.5

.2

-2.7

-.2

1.1

2.6

1.9

.9

62.6
41.3
37.1
33. 7
3.4
4.2
.4
21.7

12.6
7.8
6.9
6.1
.8
.9
.1
4.9

15.1
9.6
8.7
7.8
.9
.9
.1
5.5

16.9
11.5
10.4
9.6
.8
1.1
.1
5.5

17.9
12.3
11.1
10.2
.9
1.3
.1
5.7

18.2
12.9
11.6
11.0
.6
1.3
.1
5.4

19.7
13.8
12.6
11.8
.8
1.3
.1
6.0

51.9
31.1
27.6
24.3
3.3
3.5
.3
21.1

59.8
38.6
34.9
31.2
3.6
3.7
.3
21.6

67.3
46.1
41.6
38.4
3.2
4.5
.5
21.7

71.2
49.4
44.3
40.8
3.5
5.1
.5
22.3

74.4
51.6
46.4
44.0
2.4
5.2
.4
23.2

78.0
55.3
50.3
47.2
3.0
5.1
.4
23.0

Personal income

254.1

60.4

62.7

63.9

67.0

64.4

65.9

246.2

251.9

256.1

262.0

263.0

264.4

Less* Personal tax and nontax payments
Federal

29.1
26.1
3.0
225.0
208.0
17.0

10.7
9.8
.9
49.7
50.0
-.3

5.9
5.1
.8
56.9
50.4
6.5

6.6
5.9

57.3
50.5
6.8

6.0
5.3
.7
61.1
57.0
4.0

11.8
10.8
1.0
52.6
50.5
2.1

6.9
6.1
.9
59.0
53.2
5.7

28.2
25.3
2.9
218.0
210. 5
7.5

28.7
25.8
3.0
223.2
204.5
18.7

29.0
26.0
3.0
227.1
206.4
20.7

30.4
27.3
3.1
231.5
210.5
21.1

32.5
29.3
3.2
230.5
213.2
17.3

32.9
29.6
3.3
231.5
214.9
16.5

329.2

79.2

80.1

81.8

88.2

83.3

83.4

319.6

329.3

330.9

337.1

339. 4

343.2

24.6
25.3
.9
1.4

5.9
6.2
.2
1.0

6.1
6.1
.2
-.8

6.2
6.3
.2
-1.6

6.5
6.6
.2
2.7

6.7
6.4
.2
-.5

6.9
6.7
.2
(2)

23.4
25.7
.9
.7

24.3
24.7
.9
5.7

25.0
25.0
.9
.0

25.8
25.8
.9
-.8

26.7
26.3
.9
-1.9

27.7
26.8
.9
(2)

National income _
Compensation of employees
Wages and salaries
Private
Military
_
Government civilian
Supplements to wages and salaries

_.

Proprietors' and rental income 3
Business and professional
Farm
_
Rental income of persons

Net interest
._ _..
Addendum: Compensation of general government employees

46.6
44.3
36.1
(2)
(2)

(2)
(22)

(2)
()

(22)
(2)
(2)
()

1.7

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
_
National security
National defense
O ther national security
..
Other
Less: Government sales
State and local

.7-

DISPOSITION OF PERSONAL INCOME

State and local
Equals: Disposable personal income_
Less: Personal consumption expenditures
Equals: Personal saving
_ _

___

._

RELATION OF GROSS NATIONAL PRODUCT, NATIONAL INCOME, AND PERSONAL INCOME
Gross national product
Less: Capital consumption allowances
Indirect business tax and nontax liability
Business transfer payments
. __
Statistical discrepancy
Plus: Subsidies less current surplus of Government
enterprises.Equals: National income
Less: Corporate profits and inventory valuation
adjustment
Contributions for social insurance
Excess of wage accruals over disbursements
Plus: Government transfer payments
Net interest paid by Government
Dividends _
_
Business transfer payments
Equals: Personal income
1

1.1

.1

.2

.5

274.8

280.2

285.6

288.0

(2)

(2)
2.2
.0
2.9
1.5
2.2
.2

40.7
8.1
.1
11.3
4.8
8.6
.9

41.2
8.2
-.2
11.6
4.9
9.0
.9

41.9
8.1
.8
11.6
4.9
9.2
.9

42.5
8.3
-.6
11.5
5.0
9.3
.9

42.7
8.5
.1
11.7
5.0
8.9
.9

(2)

65.9

246.2

251.9

256.1

262.0

263.0

.2

.3

.0

.0

.1

66.1

68.7

70.6

72.2

70.6

(2)

41.6
8.2
.0
11.5
4.9
9.0
.9

9.5
2.2
.0
2.8
1.1
2.0
.2

10.4
2.2
.0
2.9
1.4
2.1
.2

10.8
2.0
.2
2.9
1.1
2.1
.2

10.9
1.8
-.2
2.9
1.3
2.8
.2

10.0
2.5
.0
2.9
1.1
2.1
.2

254.1

60.4

62.7

63.9

67.0

64.4

Detail will not necessarily add to totals because of rounding.
Source: U. S. Department of Commerce, Office of Business Economics.




.7

269.6

•5

277.6

* Not available.

.0

3 Includes noncorporate inventory valuation adjustment.

.2

8.4
.0
11.6
5.0
9.6
.9

264.4

August 1952

SUEVEY OF CUEEENT BUSINESS

eludes basic steel, and the machinery (except electrical)
group, where employment has tended downward so far this
year, wages in most durable-goods industries either continued at a steady rate or increased slightly with a further
rise in wage rates.
In nondurable-goods manufacturing also, second-quarter
wages were slightly lower. This was chiefly the result of the
work stoppages in petroleum refining and further employment declines in the textile and apparel industries. In
marked contrast to the durable-goods sector, where employment is considerably higher than before the Korean outbreak, the number of production workers in nondurablegoods factories in June 1952 was somewhat less than in the
Mantle month of 1950. The drop was largest in textiles—
about one-tenth—with employment in most other nondurable groups essentially unchanged over the two-year
interval.
In areas outside of manufacturing unaffected by labor
disputes, such as trade, finance, services, and farming, payrolls in the June quarter registered slight gains as employment edged up and wage rates rose further.

Hourly earnings continue rise
Hourly earnings, which have been by far the most important factor in the rise of payrolls since the Korean invasion, continued to advance moderately in the second
quarter. In industries for which hourly wage rate data are
available, accounting for two-thirds of private wages and
salaries, wage rates advanced by 1 percent from the first to
second quarters of 1952.
This advance—which added about $1 billion, at an annual
rate, to second quarter payrolls—was offset, however, by a
further decline in hours worked. In the important manufacturing area, the workweek in the second quarter averaged
the lowest since the Korean invasion, and was about the same
as in the second quarter of 1950.

Military pay lifts government total
As indicated by the accompanying chart, total government
payrolls—Federal, State, and local combined—rose moderately in the second quarter to an annual rate of $32 billion.
The half-billion increase was the same as that in the previous
quarter but much less than in the earlier post-Korean period
of sizable build-up in the Armed Forces and expansion of
Federal civilian personnel in defense-related activities.
Most of the second-quarter rise in government payrolls
stemmed from the recently enacted increase in the base pay
of the Armed Forces. Payrolls and employment in the
Federal civilian and State and local segments showed relatively little change over the quarter.

Farm income lower
Farm proprietors' income, at an annual rate of about $15
billion, was moderately lower than in the first quarter. The
contraction was due mainly to a further small reduction in
prices received by farmers and a decline in the volume of
livestock marketings.
For the first half of 1952 farm income was slightly higher
than in the same period of last year. Although the volume
of marketings rose by 7 percent, lower farm prices and higher
costs restrained the increase in net income.
The total net income of nonfarm proprietors increased
slightly in the second quarter to an annual rate of $27%
billion. The rise reflected a further improvement in retail
trade activity, arising in part from the relaxation of consumer credit controls.



Dividends move up
Personal dividend receipts rose to an annual rate of about
$9% billion in the second quarter. For the first half of the
year, dividends averaged 5 percent higher than in the same
period of 1951.
As shown by the Office of Business Economics publicly
reported cash dividend series, 14 of 20 major industry groups
reported larger disbursements in the first six months of this
year. For a number of them, the increases registered in the
half-yearly comparisons were the product of both capital
expansion and higher dividend rates. The sharpest relative
gains—one-fifth—occurred in mining and oil refining. Dividends paid out by the textile and leather industry declined
the most, 13 percent.

Relative share distribution unchanged
Since the start of the national defense program, personal
income has increased by 20 percent—from an annual rate of
$219 billion in the second quarter of 1950 to $264% billion
in the second quarter of 1952. However, rising prices accounted for a large part of the change, limiting the increase
in real terms to about 7 percent.
The period of rapid expansion in the dollar totals of personal income took place in the first year of mobilization, when
three-fourths of the rise occurred. Since then, the increase
has slowed markedly.
In the private sector of the economy, payrolls and farm
proprietors' income advanced more rapidly in the first year
following the Korean outbreak than did other types of personal income. The increases in these two flows amounted
to 18 percent, compared with 12 percent for the remaining
categories combined.
By the second quarter of 1952, however, all types of personal income flowing from private industry had participated
in the post-Korean rise to a similar extent. Employee income, farm and nonfarm proprietors' income, rental income,
dividends, and interest were each about 20 percent higher
than in the second quarter of 1950. The relative distribution
of personal income derived from the private sector of the
economy is thus little different from what it was two years
ago.
However, there have been marked changes in composition
within the broad component flows of private personal income.
In wages and salaries, for example, the advance since the
second quarter of 1950 has been 26 percent in the commodityproducing sector, which include most of the defense-related
industries, as against 15 percent in all other private industries combined.
Personal income paid out by government, like that flowing
from private industry, was about one-fifth higher in the
second quarter of this year than in the same period of 1950.
The similarity of increase is somewhat fortuitous in that the
government rise was considerably affected by the inclusion
in the second-quarter 1950 total of an abnormal volume of
two types of transfers—the special N. S. L. I. dividend refund to veterans and State government veterans' bonuses.
Apart from these, the total income paid out to persons by
government expanded by almost one-third over the two-year
period. This latter increase represented the composite effect
of extremely divergent movements, such as the more than
two-fold expansion in military payrolls, a marked rise in the
defense-related component of Federal civilian payrolls, and
essentially stable flows of government interest and transfers.

National income total up slightly
With the recent availability of requisite data, corporate
profits before taxes have been estimated for the first quarter
of 1952 at the seasonally adjusted annual rate of $42%

SURVEY OF CURRENT BUSINESS

8

billion. The corporate profits component of national income
was of the same magnitude, since the inventory valuation
adjustment in this period was negligible. This estimate
laces the national income total for the first quarter at $288
illion, compared with $286 billion for the preceding period.
The first quarter marked a continuation of the relative
stability characterizing the corporate profits element of
national income throughout 1951. From the fourth quarter
of 1950 through the first quarter of 1952 over-all corporate
profits earned in current production—reported "book"
profits before tax adjusted to exclude inventory profit or
loss—rose gradually from $40 billion to $42% billion, at annual rates.

E

Corporate profits down from peak
In contrast to this steadiness, corporate profits before
taxes (book profits) in the first quarter of 1952 were $3

August 1952

billion higher than in the preceding quarter but $7% billion
below the $50 billion high in the first three months of 1951.
As may be inferred from the above, these changes largely
reflect fluctuations in inventory profits and losses.
Corporate profits after taxes in the first quarter of 1952
amounted to the annual rate of $18 billion—a slight recovery
from the $17 billion rate in the third and fourth quarters of
1951, but $8 billion below the peak reached in the final
quarter of 1950 and $3% billion less than in the first three
months of last year.
The $18 billion total for the first quarter reflects a further
increase in corporate tax rates. It will be recalled that the
Revenue Act of 1951 provided for an effective date of*
April 1, 1951, to be achieved by the application of threequarters of the rate increase against the whole year's earnings.
The full rise in rates thus did not become effective until the
first of this year.

Income on International Investments in 1951

R,

LECEIPTS from United States investments abroad
approximated $2 billion in 1951, continuing the rapid
growth in this component of the balance of payments
which began soon after the war.1 In addition to this amount,
foreign subsidiaries of United States companies had earnings
of about $700 million which were not distributed and are not
entered as income in the balance of payments. Total earnings on United States investments abroad, therefore^ were
about $2.7 billion in 1951, as compared with $2.2 billion in
1950.
Of this $500 million increase in earnings, $83 million represented higher interest receipts by the United States Government on its large postwar loans—notably the loans to the
United Kingdom. The greatest increase, of course, was
registered in the earnings of direct-investment companies,
which went up from about $1.9 billion in 1950 to about $2.3
billion in 1951. About $250 million of the additional earnings accrued to foreign subsidiary companies, but virtually
the whole amount was retained abroad, primarily to provide
funds for expansion. Branch profits rose by $155 million to
a total of $932 million, of which a sizable portion was also
reinvested abroad.

the oil output of Iran in 1951. This loss was rapidly offset,
largely by increased production of American companies
abroad. Production of crude oil by the major American
companies abroad, which had averaged 1.8 million barrels
per day in 1950, rose to an average of 2.4 million barrels per
day for the last half of 1951. The increase in earnings of the
companies in 1951 was directly proportional to this increase
in production. American direct investments in other industries abroad also made significant contributions to economic
Table 2.—United States Income on International Investments,
by Type, 1949-51
[Millions of dollars]
Receipts

Total balance-of-payments income receipts and payments
__ _
Private
_
Long-term
Direct investments
Dividends
Interest
Branch profits _ . . _
Dollar bonds
Other long-term investments.
Short-term investments
United States Government

Growing investments and output raise earnings
Underlying the upward movement of direct-investment
earnings since the war has been the rapid development of
productive facilities abroad and the great expansion in output
which was achieved. American companies increased their
investment abroad from $8.4 billion at the end of 1945 to an
estimated $14.9 billion at the end of 1951, while earnings
increased from about $0.9 billion in 1946 to $2.3 billion in 1951.
About half of the increase in earnings can be attributed to
the added investment. The remainder is the result of higher
rates of return which are related to high demands for their
products which these facilities have been able to satisfy, and
to the rise in the general price level.
The importance for the United States and other countries
of the increased capacity resulting from the foreign investments of the petroleum industry was evident with the loss of
i For a detailed review of international investment income in the 1946-50 period see the
SURVEY OF CURRENT BUSINESS for October 1951, page 7 ff. Data for 1950 and 1951 are preliminary and will be adjusted when the results of the recent census of direct investments
abroad are available.




Undistributed earnings of direct-investment subsidiaries
Total earnings on investments. ._ _ _ _
1

Payments

1949

1950

1951

1,405

1,743

1,992

353

437

398

1,307

1,634
1,624
1,469
656
35
778
69
86
10
109

1,800
1,789
1,632
665
35
932
62
95
11
192

328
328
159
76
2
81

406
406
196
110
12
74

351
351
134
83
8
43

169
0)
25

210
0)
31

1,296
1,148
505
35
608
60
88
11
98

1949

1950

1951

217
0)

47

436

443

703

143

172

140

1,841

2,186

2,695

496

609

538

Payments on private short-term obligations were negligible.

Source: United States Department of Commerce, Office of Business Economics.

welfare and security by augmenting their output of many
essential raw materials and other commodities and services.

Petroleum earnings remain high
The record production of petroleum abroad by United
States-controlled companies in 1951, together with additional
earnings from refining, transportation and marketing facilities, brought total petroleum earnings abroad to nearly $1
billion. Income remittances to the United States did not keep

SUEVEY OF CUKKENT BUSINESS

August 1952

pace with earnings, and in fact there was a decline in remittances from Latin America, partly because much larger
amounts remained undistributed. However, part of the undistributed earnings was made available to the parent companies through remittances on intercompany account, and
thus entered the balance of payments as capital inflows
rather than income receipts.
Table 3.——Investment Income Receipts and Payments, by Area,
1949-51
[Millions of dollars]
IS 50

1£ 49

K 51

Receipts Payments Receipts Payments Receipts Payments

Total, all areas _
Direct _
Other private. _
U. S. Government

1 405
1,148

159
98

353
159
169
25

1 743
1,469

165
109

437
196
210
31

1,992
1,632

168
192

398
134
217
47

OEEC countries
Direct
Other private. _
U. S. Government

202
97
32
73

252
118
130
4

216
108
30
78

322
155
160
7

307
123
26
158

277
98
165
14

OEEC dependencies 2
Direct
Other private ._
U. S. Government

78
77

2

90
90

3

102
101

2

Other Europe
Direct-.
_ _Other private
U. S. Government
Oanada

11

13

1
1

12
1
1
10

76
39
27

401
292
109

1
(i)

2
9

(i)

7

0)

Latin American republics .__
Direct
Other private .
U. S. Government
2

International institutions. __
Direct
Other private _
U. S. Government

2
1
1
66
39
20

387
295
92

Direct
Other private
U. S. Government

Other foreign countries
Direct
_.
.
Other private _
U. S. Government

(i)

2

455
425

(i)

11

18

9

12

2

265
254

14
1

8

7

3

6

7

6

7
6

(i)

2
11

2
1

(i)
(i)

406
305
101

10

0)
696
664

18

14

(i)

14

12
2

316
302

14
1

6

4

6

7

8

6

9

7

(i)

1

(i)

17

4
16
1

8

9

8

6

6

8

Earnings of manufacturing enterprises abroad rose about
$50 million over the previous year. Some of the increase was
reflected in larger income remittances, particularly from
Latin America, but for the most part the additional earnings
were retained abroad. In the case of Latin America, not
only were income remittances larger, but a total of $90
million in earnings was reinvested abroad to expand facilities in certain countries, notably Brazil and Mexico. Canadian manufacturing enterprises maintained their earnings
at about the 1950 amount, $330 million, in spite of an increase of over 30 percent in Canadian corporate income tax
rates, but remittances to the United States were somewhat
reduced.
There were also substantial increases in income receipts
from other industries, especially in Latin America. Enterprises engaged in mining and smelting, distribution, and
agriculture all had larger earnings, partly reflecting expanded
demand which stimulated output and prices, but also representing returns on the added production from increased
investments in the last few years.

OEEC countries pay increased interest on loans
Income from the OEEC countries rose $90 million in 1951
as payments began on certain major postwar loans by the

88
112
146

487
705
741

C1)
1
1

8
7
15

"(T)"

12
9
14

54
68
75

1
1

o>
1 1
o

1
1

-3

72
92
112

1,148
1,469
1,632

C)

10
11
12

97
108
123

C1)
C1)
0)

2
8
6

77
90
101

3

e

301
328
344

93
97
126

OEEC countries

1949
1950
1951

60
68
65

19
21
31

OEEC dependencies 3

1949
1950
1951

2
2
2

7
3
4

1949
1950
1951

179
181
169

29
27
20

(2)
(2)

29
33
35

11
12
13

18

11

(2)

16

29
41
39

295
305
292

Latin American republics. __

1949
1950
1951

35
54
84

24
36
56

68
90
119

44
64
87

217
362
335

21
33
23

16
25
27

425
664
731

Other foreign countries 3

1949
1950
1951

25
23
24

14
10
15

(2)
(2)

3
5
10

197
256
303

0)
1
5

15
7
28

254
302
385

Canada ... .-.

8

Source: United States Department of Commerce, Office of Business Economics.

68
90
119

1
03
1

a

1949
1950
1951

17

13

I

B

Total, all areas

78
35
28
(i)

n

!&•si
3"

§
"S

S

1 Less than $500,000.
2 Netherlands East Indies and Indochina are entered under OEEC dependencies in 1949
and under "other foreign countries" in 1950 and 1951.

216265°—52
2



bo
.g

&

400
384

6

[Millions of dollars]

2

15

16

Table 4.—Direct-Investment Income Receipts by Area and Industry,
1949-51

(i)
(i)

0)
764
731

United States Government. Such payments are scheduled
to continue for the next few years on about the same scale.
Earnings by direct-investment companies in this area advanced considerably in 1951, but remittances increased only
slightly.
There were also considerable increases in income receipts
from the countries of Latin America and the Middle East.
In the case of the latter area the principal factor was the
heightened activity of the American-owned petroleum
companies, but in Latin America it was the other industries
which contributed to the additional income. Total earnings
of direct-investment companies in Latin America were over
$950 million in 1951, far exceeding the $740 million of the
prior year. Canadian earnings and remittances were a little
below the 1950 amounts because of the higher taxes mentioned above.

C)
(2)

(2)

(2)

(2)

39
45
44

1 Less than $500,000.
2 Income from agriculture in the OEEC dependencies, Canada and "other foreign countries" is included under "miscellaneous."
3 Netherlands East Indies and Indochina are entered under OEEC dependencies in 1949
and under "other foreign countries" in 1950 and 1951.
Source: United States Department of Commerce, Office of Business Economics.

With earnings on foreign investments aggregating $2.7
billion in 1951 it is essential to recognize their nature. First,
only about $350 million represents fixed interest charges on
private and Government lending. Secondly, the directinvestment enterprises which contribute nearly all the remainder have made it a practice since the war (data are not
available for earlier periods) to reinvest^ about half their
earnings in expanding their foreign operations.
Moreover, earnings of these companies tend to rise in
periods when United States imports are rising, partly
because they export directly to the United States and
partly because rising United States economic activity and
imports permeates the economies of other countries. Thus,
the interaction of United States imports, prices, and earnings
of direct-investment companies introduces a flexibility
which lessens the difficulties in transferring income. For
instance, the income of direct-investment companies was
only about $400 million, on the average, in the 1921-30
period, while they earned $2.3 billion in 1951. Even so, about
$1.0 billion of the latter was reinvested abroad, and the
(Continued on page 24)

by Robert E. Graham., Jr.

State Income Payments in 1951
INCOME payments to individuals in 1951 increased in
every State as production and prices moved up under the
impetus of expanding demand. Total income payments in
the Nation rose from $218 billion in 1950 to $243 billion in
1951—an increase of 12 percent—and relative advances were
generally similar throughout the country.
The top-ranking 1951 regional income gain—15 percent—
was in the Southwest, where individual incomes had risen
least in 1950. The next largest relative income advances
were in the Far West (14 percent) and Southeast (13 percent). In the Central region the rise .in total income matched
that of the country as a whole. Slightly below-average was
the 11-percent income increase in the Northwest, the region
which had scored the largest relative gain the previous year.
Smallest percentage increases in total income in 1951 occurred in New England (10 percent) and the Middle East (9
percent).
Among individual States, the largest advances in totai income were in Arizona (23 percent), South Carolina (21 percent), New Mexico (18 percent), and South Dakota (18
percent). In each of these States an upsurge in farm income, ranging from two-fifths to three-fifths, was the primary
factor in their income expansion. Substantially above the
national average were aggregate income gains of 16 percent

in Colorado, Georgia, and Nevada and 15 percent in Indiana,
Kentucky, Virginia, Ohio, Utah, and Wyoming.

State changes broadly uniform
There was broad uniformity among most States in rates
of change in total income (see table 1). Three-fourths of
the States and all regions fell within a range of 3 percentage
points of the national rise of 12 percent. Such outstanding
changes as did occur from 1950 to 1951 were well distributed
geographically. The eight States with largest relative gains
in total income are scattered throughout five of the seven
regions, with only New England and the Middle East not
represented. Similarly, the six States with smallest income
increases are located in four of the regions.
There was little tendency for individual States to conform
to regional patterns. In the three regions where total income expanded relatively more than in the country as a
whole, only 10 of the 19 States bettered the national average.
Similarly, in the three regions with below-average income
advances one-third of the States experienced above-average
income gains.
NOTE.—MR. GRAHAM IS A MEMBER OF THE NATIONAL INCOME DIVISION, OFFICE OF BUSINESS ECONOMICS.

Regional increases in TOTAL income and
PRIVATE NONFARM income from 1950 to 1951
were largest relatively in the Southwest and Far West and smallest
in the Middle East and New England
Private nonfarm income

U. S, DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
10




52-J09

August 1952

11

SURVEY OF CURRENT BUSINESS
Table 1.—Changes in Total and Per Capita Income Payments, by States and Regions, Selected Years, 1929-51 *
Total income payments

Per capita income payments

Percent distribution

State and region

Percent increase
1929 to
1951

Percent increase

Percent of national per capita income

1940 to 1949 to 1950 to
1951
1951
1951

1929 to
1951

1951

1950 to
1951

1929

1940

1944

1949

1950

1951

Continental United
States

100. 00

100. 00

100.00

100.00

100. 00

100.00

194

220

23

12

100

100

100

100

100

100

133

20

10

New England
Connecticut
Maine
Massachusetts
New Hampshire ._ _ _
Rhode Island
Vermont

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

6.76
1.63
.52
3.51
.32
.57
.21

6.70
1.64
.50
3.47
.31
.57
.21

6.61
1.68
.49
3.38
.31
.55
.20

136
179
163
117
147
132
128

162
187
174
148
178
162
164

21
27
15
19
20
20
21

10
14
9
9
11
8
10

123
135
83
132
96
125
88

126
144
87
133
98
125
91

112
130
90
112
91
114
83

107
121
84
109
92
106
84

108
123
82
111
90
109
83

108
126
82
110
91
107
83

105
118
129
94
121
99
120

21
25
16
20
18
20
19

10
13
11
8
12
8
11

Middle East
Delaware
District of Columbia.
Maryland
New Jersey
New York._
Pennsylvania
West Virginia

33.70
.26
.77
1.34
3.96
17.53
8.88
.96

32.06
.31
1.19
1.61
4.14
15.60
8.21
1.00

27.68
.26
.99
1.68
3.81
12.73
7.31
.90

27.94
.27
.96
1.56
3.57
13.29
7.30
.99

27.82
.28
.95
1.57
3.58
13.05
7.42
.97

27.21
.28
.94
1.59
3.63
12.58
7.23
.96

137
213
259
250
170
111
139
195

172
186
153
217
181
158
182
208

20
27
21
26
25
17
22
21

9
12
11
13
13
8
9
11

136
135
175
103
139
165
113
68

131
155
189
123
140
150
109
69

118
123
114
111
124
132
105
70

117
127
130
106
118
131
104
76

117
132
136
108
119
130
106
73

115
131
132
108
119
126
105
74

97
126
76
144
99
77
117
153

18
24
21
22
20
15
21
17

8
9
7
10
10
6
9
12

Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky _
_.. _
Louisiana
Mississippi _
North Carolina
South Carolina
Tennessee
Virginia

10.51
.97
.68
.84
1.16
1.17
1.04
.66
1.17
.53
1.10
1.19

11.93
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

13.79
1.17
.74
1.50
1.49
1.26
1.35
.68
1.71
.81
1.44
1.64

13.92
1.18
.73
1.56
1.52
1.24
1.30
.70
1.79
.81
1.46
1.63

14.14
1.19
.73
1.56
1.58
1.28
1.29
.70
1.79
.88
1.45
1.69

296
260
215
447
302
223
263
210
350
387
290
315

280
279
259
322
290
254
269
280
285
291
281
264

27
25
21
28
31
26
18
27
29
34
24
27

13
13
12
12
16
15
10
11
12
21
11
15

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
58
60
83
66
65
76
48
64
60
66
79

67
58
57
84
67
64
72
49
66
58
67
80

68
60
58
81
70
67
72
49
66
63
67
82

212
211
204
165
235
187
173
182
240
298
205
207

22
24
17
16
26
23
13
20
23
27
22
24

12
13
13
7
15
16
9
10
10
20
11
13

5.03
.30
.19
1.31
3.23

5.15
.31
.25
1.09
3.50

6.21
.39
.28
1.21
4.33

6.61
.42
.35
1.16
4.68

6.43
.43
.36
1.10
4.54

6.60
.47
.38
1.10
4.65

286
370
469
148
323

310
386
382
223
326

23
38
35
17
23

15
23
18
12
14

68
84
56
67
68

70
81
62
62
72

82
83
69
81
84

88
87
81
81
91

85
86
79
74
89

86
90
82
75
89

194
150
240
160
204

17
24
21
10
18

11
15
15
10
11

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

28.43
7.14
2.61
1.68
4.55
1.85
2.56
5.77
2.27

28.55
7.07
2.65
1.71
4.67
1.83
2.56
5.79
2.27

28.69
7.00
2.74
1.65
4.67
1.82
2.53
5.97
2.31

188
142
255
198
220
206
178
195
203

222
196
258
226
231
210
221
226
246

25
21
30
22
27
21
22
28
25

12
10
15
8
12
11
10
15
14

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

107
123
99
98
108
94
97
107
101

108
122
101
98
110
93
97
110
100

108
122
104
97
109
93
96
114
102

138
107
183
180
133
160
148
141
155

21
18
25
18
21
18
18
27
20

11
10
13
9
10
10
9
14
13

Northwest
Colorado
Idaho
Kansas
Montana
Nebraska
North Dakota
South Dakota
Utah
Wyoming

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

4.94
.86
.36
1.15
.39
.84
.35
.37
.41
.21

5.05
.85
.34
1.18
.43
.90
.36
.39
.40
.20

5.03
.89
.33
1.17
.42
.84
.35
.41
.41
.21

211
241
248
186
216
166
222
243
271
230

263
266
245
276
220
258
258
309
280
236

26
27
13
25
34
23
23
36
24
25

11
16
8
11
9
3
7
18
15
15

79
91
76
78
89
82
57
61
79
101

79
90
77
74
100
75
65
66
83
105

95
88
89
100
104
97
93
90
91
94

96
103
93
92
103
98
90
89
90
112

96
97
87
94
111
103
89
89
88
106

95
99
86
92
110
95
89
97
90
109

182
155
162
174
189
171
261
267
165
151

19
15
10
20
28
17
18
30
19
17

10
12
8
8
9
2
10
19
12
13

Far West
California
Nevada
Oregon
Washington

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

11.53
8.55
.14
1.06
1.78

11.53
8.55
.14
1.06
1.78

11.72
8.77
.14
1.06
1.75

307
308
369
327
286

283
280
277
306
287

26
27
30
24
22

14
14
16
11
10

127
139
120
94
105

130
140
143
100
110

129
132
119
112
129

118
121
126
105
111

119
122
129
105
113

118
122
128
104
111

117
104
148
158
146

20
21
21
19
19

10
10
9
9
8

Southwest
.
Arizona
New Mexico
Oklahoma
Texas
Central
Illinois
Indiana
Iowa
Michigan __
Minnesota
Missouri
Ohio
Wisconsin

_._

___

_ . __

i Computed from data shown in tables 4 and 5.

1940

1944

1949

1950

1951

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

For the country as a whole, per capita income payments
(total income divided by total population) expanded 10
percent from 1950 to 1951 and reached the record level of
$1,584. Only in the Southeast, where average incomes rose
12 percent, and the Middle East, where the advance was
8 percent, were there significant departures from the Nationwide rate of increase.

Per capita incomes vary widely
Among individual States, average incomes in 1951 were
nearly $2,100 in Delaware and the District of Columbia, and
over $2,000 in Nevada. Others in the top rank—those with
per capita incomes more than $1,900—include Connecticut
($1,999), New York ($1,996), California ($1,933), and Illinois
($1,928). The States with the lowest averages are Alabama
($950), Arkansas ($926), and Mississippi ($771). The ac


1929

companying map shows per capita income for each State in
1951.
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 1951 (see tables 4 and 5). Also included
are revised estimates for 1949 and 1950.
Main Sources of Income Change
Nationally, income expanded.in all major sectors of the
economy in 1951, with varying differences among States in
rates of change in each income source. In an evaluation of
the effect of these differential changes upon total income,
account must be taken also of the relative importance of each
income source in the Nation and in the various States.
Relevant data for such analysis are shown in tables 2 and 3.

SURVEY OF CURRENT BUSINESS

12

August 1952

PER CAPITA INCOME PAYMENTS
TO INDIVIDUALS, 1951

SS^-41,738
$1,691
* 1,999
$1,885
$2,076

$1,714
$2,095 1

D. C.

gH $1,800 AND OVER
Pggi $1,500-$1,799
|^%j $1,200- $1,499
|ggj| UNDER $1,200
UNITED STATES

$1,584

V. $. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS

In conformity with past experience, agriculture was important in altering the geographic distribution of total income
from 1950 to 1951. In 10 of the 13 States with the largest
increases in total income, farm income was the principal
factor underlying the expansion. At the other end of the
scale, in three of the six States where aggregate incomes rose
the least, farm income was the main dampening influence.
On a national basis, the increase of nearly one-fifth in
agricultural income stemmed from a high, but not record,
volume of production and increased prices for farm products
marketed. In both production and prices, the largest relative gains were from livestock. In addition, numerous special factors caused State variations in rates of change in farm
income. These include, among others, a flood-loss of nearly
5 million acres of crops in Kansas and Missouri and adjacent
areas; the abandonment of nearly 30 percent of winter wheat
acreage in the Great Plains area, with losses heaviest in
Kansas and Nebraska; frost injury to one-third of the corn
crop in Minnesota, Iowa, Nebraska, and the Dakotas; the
second largest tobacco crop on record; and a 50-percent increase in cotton production.

Military payrolls important in South
The 1950-51 rise in government income payments (7 percent) on a national basis was the composite of very large
increases in Federal civilian payrolls and in military pay, a
moderate increase in State and local government payrolls,
little change in the volume of government interest payments
to individuals, and a sharp drop in national service life insurance dividend payments.




62-IO7

Rates of change in each of these major components were
broadly similar in most States. Because of the concentrations of Federal military and civilian establishments in certain States—particularly in the Southeast and Southwest—
increases averaging one-half in military payrolls and one-third
in Federal civilian payrolls had a disproportionate impact
upon changes in total government income payments in these
areas.
While farm income and government income payments were
of first importance in effecting changes in the geographic distribution of income in 1951, there was some uneyenness in the
flow of private nonfarm income. The most important influence making for State variations in this flow was factory
payrolls.

Composition dominant in manufacturing changes
The key factor in differences among the States in factory-*
payroll changes from 1950 to 1951 was variation in industrial
composition of manufacturing.
For the country as a whole, manufacturing wages and
salaries, in total, rose 18 percent from 1950 to 1951. Among
industries, the rates of change differed widely. In defense
and defense-supporting industries, expansions of one-fourth
to one-third were common. In most other types of manufactures, payroll increases either were quite small or approximated one-tenth. Since, in broad fashion, State-by-State
increases were fairly uniform within the various manufacturing industries, the differences among States in the over-all
changes in factory payrolls depended mainly on the types
of industry predominating in the area.

August 1952

SURVEY OF CURRENT BUSINESS

Regional Incomes in 1951
The remainder of this article is devoted to a brief regional
summarization of major income developments in 1951.

New England
Total income payments in New England increased 10
percent from 1950 to 1951 compared with the rise of 12
percent nationally. All States except Connecticut, where
individual incomes expanded 14 percent, experienced a
below-average income gain. This reduction in the region's
share of total income is attributable to its less-than-average
increase in trade and service income; a comparative lack
of agriculture—relatively the most expansionary of the
principal income flows in 1951; and to a smaller-than-average
rise in property income, an income source of greater importance in New England than in the Nation.
Manufacturing, on the other hand, served to bolster New
England's income flow relative to the Nation's in 1951.
Although the region's over-all factory payroll rise of 18
percent was no larger than the Nation-wide advance, this
sizable expansion had a larger weight in the general income
stream of New England because manufacturing is one-third
again as important there as in the country as a whole.
The 1951 rise of factory payrolls in New England was
largely the composite of a 26-percent spurt in Connecticut
and below-average gains in Massachusetts and Rhode
Island. Connecticut's favorable showing is attributable to a
35-percent payroll expansion in its large metals, machinery,
and transportation equipment industries. Together these
types of manufactures account for 60 percent of all factory
payrolls in the State.
The relatively small increases in manufacturing wages and
salaries in Massachusetts and Rhode Island centered in the
textile industry, which accounts for one-fifth of all manufacturing payrolls in these two States. In both, textile
wages and salaries were slightly smaller in 1951 than in 1950.
While recent-period changes in total income in New
England represent a continuation of that region's long term
tendency to receive a diminishing share of the national total,
this is not true of changes in per capita income. Since
1948 this region's population increase has been less, relative
to the Nation, than its rise in total income. As a result,
per capita income in New England showed a small gain
relative to the national average from 1948 to 1951.

Middle East
In all three principal income aggregates—total income,
nonagricultural income, and private nonagricultural income—the Middle Eastern States scored smaller relative
increases from 1950 to 1951 than any other region.
The Middle East's lesser rate of income rise from 1950 to
1951 in large measure reflects substantially below-average
ains in New York and Pennsylvania, which together account
3r almost three-fourths of all individual incomes in the
region.
Total income in New York State in 1951 moved up to
$30K billion, amounting to one-eighth of the Nation's total.
This was an increase of more than $2 billion, or 6 percent.
In New York, the percentage increase for each of the major
income sources was below the national average. Most of
the relative lag in manufacturing centered in the clothing,
printing, and food groups, which comprise about two-fifths
of all manufacturing in the State. Wages and salaries paid
out in these three industries increased only 3 percent in
1951 in New York, compared with 8 percent nationally.
In Pennsylvania, a drop of one-tenth in government
income payments was primarily responsible for that State's

f




13

below-average income rise in 1951. This drop stemmed
from the bonus payment made by the State to veterans
of World War II in 1950. In that year, the bonus had
pushed income from government to a point 30 percent above
its 1949 level.
In the Middle East, as well as in New England, the
reduced income share in 1951 was in line with the long-run
tendency of these regions to account for a declining percentage of the Nation's total income. It should be noted,
Table 2.—Major Sources of Income Payments in Each State and
Region: Selected Components as a Percent of Total Income,
1951
Govern- Manufac- Trade
Agricul- ment
All other
and
in- turing
tural 1 come payservice
income
income
payrolls
income
*
ments i

State and region

7.6

15.3

23.9

25.9

27.3

1.7
1.6
3.7
1.0
3.0
.6
9.2

14.8
10 0
17.1
16.3
15.9
17.1
14.1

32.6
39.2
28.0
30.2
32.5
34.7
25.2

24.4
22.3
23.7
25.7
24.8
23.3
24.0

26.5
26.9
27.5
26.8
23.8
24.3
27.5

1.7
4.7

.._

3.1
1.9
1.2
2.0
4.1

14.7
9.8
48.6
19.2
12.7
13.4
12.8
13.3

26.1
34.4
3.0
21.9
34.5
23.3
31.2
20.2

27.7
19.4
27.2
26.3
24.4
31.4
24.3
21.0

29.8
31.7
21.2
29.5
26.5
30.7
29.7
41.4

_ ..

13.1
11.7
24.8
9 0
12.4
12.8
9.8
24.3
17.4
14 8
10.5
8.7

19.9
20.6
17.8
19.6
19.5
18 8
19.7
21.8
16.3
20 0
18.1
26.3

17.5
20.8
10.9
7.6
19.6
15.2
14.0
11.8
24.8
25 8
21.4
16.7

24.8
24.3
24.4
31.8
26.0
23.7
25.4
24.0
21.9
21.1
25.3
23.2

24.7
22.6
22.1
32.0
22.5
29.5
31.1
18.1
19.6
18 3
24.7
25.1

13.9
21.6
15.8
12.0
13.4

17.9
18.3
22.2
21.2
16.7

10.8
5.8
5.4
9.4
12.2

25.4
24.7
22.6
25.6
25.7

32 0
29 6
34.0
31 8
32.0

8.2
5.9
9.6
29.0
3.4
16.5
11.3
3.5
11.0

12.0
11.7
11.4
12.3
ll.4
13.5
14.2
11.7
11.2

30.9
28.6
34.8
14.9
41.6
16.5
20.1
36.5
31.3

24.4
26.0
22.8
22.3
23.0
25.5
27.7
23.5
23.8

24.5
27 8
21.4
21.5
20.6
28.0
26.7
24 8
22.7

21.5
11.7
20.7
14.6
28.1
26.3
38.4
43.3
9.2
24.0

16.5
20.4
15.3
14.9
13.8
14.8
14.7
14.7
22.2
17.2

9.7
10.5
11.0
15.4
6. 3
9.0
2.0
3.7
10.5
5.2

24.5
27.0
23.7
23.9
22.7
25.4
25.0
21.8
24.6
21.9

27.8
30.4
29.3
31.2
29.1
24.5
19.9
16.5
33.5
31.7

7.0
6.9
10.9
8.0
6.6

18.2
18.2
17.5
14.1
20.8

17.6
17.1
4.1
22.5
18.5

28.3
28.7
32.5
27.4
26.5

28.9
29.1
35.0
28.0
27.6

Continental United States

_

New England.
Connecticut
Maine
Massachusetts
.
New Hampshire
Rhode Island
... _
Vermont
Middle East _.
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
West Virginia
Southeast..
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana .
Mississippi. _
North Carolina
South Carolina
Tennessee
Virginia- . _ .

__

___ _

...
___•

.__

_.

Southwest
Arizona
New Mexico
Oklahoma
Texas
Central
Illinois
Indiana. _ _
Iowa
Michigan _
Minnesota
Missouri. __
Ohio _Wisconsin _.
Northwest.. .
Colorado
Idaho
.
Kansas
Montana
Nebraska _
North Dakota
South Dakota
Utah
Wyoming
Far West
California
Nevada
Oregon.. _.
Washington

__

_ _.

__

. ___ . _ _
_
...

i For definition, see footnotes to table 3.
Source: U. S. Department of Commerce, Office of Business Economics.

however, that these two areas together account for more
than one-third of all individual incomes, contain nearly
one-third of total population, and include five of the eight
States with the highest per capita incomes.

Southeast
The Southeast's above-average income expansion of 13 percent in 1951 was derived from all major income sources except

SURVEY OF CURRENT BUSINESS

14

manufacturing payrolls. As depicted in the accompanying
chart, however, the largest impetus was from agricultural
income and government income payments.
The increase of 23 percent in farm income in the Southeast is attributable chiefly to a sharp spurt in the value of
cotton production in the Carolinas, Georgia, and Louisiana
and to the large tobacco crop in Kentucky and the Carolinas.
In Mississippi and Arkansas, where farm incomes rose at
less-than-average rates, the 1951 cotton crop was not much
larger than the near-record one of 1950.
Only slightly less important than agriculture in contributing to the rise of total income in the Southeast in 1951 was
income from government. The 12-percent increase in this
income flow was due primarily to the large concentration
of military establishments in the region.

were major elements in the SOUTHEAST'S
above-average income rise in 1951
25'

0ov»rnm«jtl A^rlcuffwdl

52-IO8

Because the strides in industrialization achieved by the
Southeast over the past two decades have been the key
factor in the region's outstanding relative income growth,
the reduction in its share of manufacturing payrolls in
1951 is of special interest. Examination of the rates of
change from 1950 to 1951 in wages and salaries paid out
in the 20 major types of manufacturing present in the area
reveals that in 13 of them, including all but one of the
Southeast's principal industries, payrolls expanded relatively
more in the region than in the Nation. Thus, the explanation for the less-than-average regional increase in manufacturing wages and salaries is simply that the Southeast
has comparatively few of those industries that received
the greatest stimulus from the particular demand situation
prevailing in 1951.
The Southeast's above-average rise of 12 percent in per
capita income last year was in line with long-term trend. In



1929 the income level of this area was one-half that of the
Nation; in 1951 it was more than two-thirds as large. This
improvement, in relative terms, was the largest of any region.

Southwest
In the Southwest, which accounts for about 6% percent of
the United States total, the 15-percent aggregate income
expansion from 1950 to 1951 was the largest in the Nation.
All States of the region shared in this above-average income
gain except Oklahoma. That State received the same proTable 3.—Percent Changes, 1950 to 1951, in Total Income Payments
and Selected Components, by States and Regions
'
Gov- Private
ManuTotal Agri- Nonernnon- Trade
agri- ment
income cultural
and facturagriing
l
paycultural income cultural service4 pay3 income
ments income income pay- 2 income
rolls
ments

State and region

Income flows in government
and agriculture

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

August 1952

Continental United States

12

19

11

7

12

9

18

New England
_ _ _ __
Connecticut
_.
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont

10
14
9
9
11
8
10

6
6
—24
21
20
28
12

10
14
11
9
11
8
9

7
2
11
7
14
8
3

11
16
11
9
10
8
11

8
10
6
8
8
6

18
26
15
15
16
11
26

Middle East
Delaware __
District of Columbia
Maryland
New Jersey
_ __
New York
Pennsylvania--.
West Virginia

9
12
11
13
13
8
9
11

22
13
30
28
17
24
17

9
12
11
13
13
7
8
10

2
5
15
15
6
4
-9

o

10
13
7
12
14
8
12
12

7
11
9
9
10
6
8
8

16
19
9
21
19
13
19
17

Southeast
Alabama__Arkansas
Florida
Georgia
_
Kentucky ___ _ __
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
_.

13
13
12
12
16
15
10
11
12
21
11
15

23
19
14
2
46
25
25
11
26
60
19
15

12
12
11
13
13
14
9
11
9
16
10
15

12
14
5
12
15
14
4
6
6
23
3
23

12
11
13
13
12
14
10
12
10
15
12
13

10
9
9
13
12
9
7
10
9
10
8
10

14
14
16
21
15
18
13
16
10
12
16
15

Southwest ...
_
Arizona
New Mexico
Oklahoma
Texas

15
23
18
12
14

22
57
48
23
16

14
16
14
10
14

12
9
14
10
12

14
18
14
11
15

11
20
11
9
11

25
36
37
22
24

Central
Illinois
Indiana
Iowa. _
__
Michigan
Minnesota Missouri
.
Ohio- _
Wisconsin

12
10
15
8
12
11
10
15
14

20
23
33
7
33
31
7
17
35

11
10
14
9
11
7
10
15
11

4
3
9
0
3
-6
9
5
4

13
11
15
10
12
10
11
16
13

10
9
11
7
12
8
9
10
9

18
16
18
24
13
16
16
24
19

Northwest
Colorado
Idaho
Kansas- _
Montana
Nebraska
North Dakota
South Dakota
Utah
Wyoming

11
16
8
11
9
3
7
18
15
15

6
26
3
-17
11
11
14
41
28
43

12
15
10
17
8
10
4
5
14
8

7
15
4
5
0
6
—4
2
18
7

14
15
11
20
10
11
6
6
13
8

10
13
7
13
8
8
6
7
10
8

28
21
20
47
8
23
9
12
21
12

14
14
16
11
10

22
27
15
11
7

13
14
15
11
10

9
12
15
3
2

14
14
15
13
13

11
11
18
9
9

26
29
25
IP
2/

Far West
California
Nevada. _
Oregon
Washington

.

_ _

__

.

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 War 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.
3
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.

August 1952

SUKVEY OF CUERENT BUSINESS

portion of all individual incomes in 1951 as in 1950. In
Arizona and New Mexico, the relative upsurges in total
income were outstandingly large, ranking first and third
among individual States.
As revealed by the chart opposite, the 1950-51 flow from
each major income source in this region exceeded that for
the Nation. Particularly noteworthy is the further progress
in industrialization. In 17 of the area's 19 types of manufactures, payroll increases in the Southwest from 1950 to
1951 were larger than those in the country as a whole. That
the region's advance in manufacturing wages and salaries
from 1950 to 1951 (25 percent) did not outpace that for the
Nation (18 percent) by an even greater margin can be traced
to the fact that "heavy goods" industries make up a relatively
small part of all manufacturing in the Southwest.
The region's gains in 1951 were a continuation of its outstanding record of income growth over the past decade.
Since 1940, total income in the Southwestern States has
expanded fourfold, in contrast to the threefold increase
occurring nationally.
The role of manufactures in the 1940-51'income growth is
illustrated by the fact that in 1940 manufacturing wages and
salaries accounted for 8 percent of all income in the Southwest, whereas by 1951 they formed almost 11 percent of
total income.
In per capita income the Southwest's progress has been
equally outstanding. In 1940 average income in the region
was slightly more than two-thirds as large as in the country
as a whole. By 1951 it had increased to within 14 percent
of the national average. All four States shared in this relative income gain although the proportionate rise in per capita
income in Arizona was less striking than that of the other
three.

Central
The large and heterogeneous Central region received $70
billion in individual incomes in 1951. The 12-percent increase over 1950 represented the composite of changes in
income sources broadly similar to those occurring nationally.
Such differential changes as did occur were generally offset
by the varying importance of the income source in the region
and the country as a whole.
The foregoing "average" income developments on a
regional basis are the product of varied income movements
among individual States. In Illinois, Iowa, Minnesota,
and Missouri, the 1950 to 1951 income expansion was less
than that of the country as a whole. In Ohio, Indiana,
and Wisconsin total income rose at above-average rates,
while Michigan's rise matched that of the Nation.
Particularly noteworthy in the Central region's 1950 to
1951 income rise was the role of manufacturing payrolls,
which in 1951 accounted for $22 billion of income. In
five of the six largest manufacturing industries in the area,
which together account for more than two-thirds of all
manufacturing wages and salaries, the 1950 to 1951 increases in the Central region were of less-than-average
proportions. Because these industries, bulking so large in
the economy of the region, were also those in which the
largest increases occurred both regionally and national]y,
total factory payrolls in the Central States expanded at
a rate matching that for the Nation, 18 percent. Furthermore, because of the greater importance of manufacturing
as a source of income in this region than in the country as
a whole, the average expansion of income from this source
exerted a buoyant effect on total-income expansion in the
Central States.
The 1950-51 income changes in the Central region illustrate the long-term tendency of income growth in this
area to parallel national developments, The Central



15

States received almost the same share of total income in
1951 as in 1929. Over this 23-year span aggregate income
rose 194 percent in the Nation and 188 percent in the region.
With respect to per capita income, the average for the
Central States in 1929 was 6 percent larger than in the

In 1951 the SOUTHWEST
and FAR WEST
scored above-average gains in income from
every major source
PERCENT INCREASE, I960 TO 195!
5
10
15
20
1

25

I

UNITED STATES

TOTAL
INCOME

FAR WEST
SOUTHWEST

TRADE AND
SERVICE
INCOME

GOVERNMENT
INCOME
PAYMENTS

W%,

AGRICULTURAL
INCOME

MANUFACTURING PAYROLLS

U. S. DEPARTMENT

OF COMMERCE, OFFICE .OF BUSINESS

ECONOMICS

52-110

country as a whole. In 1951 it was 8 percent above the
national level,

Northivest
The 11-percent rise of aggregate income in the Northwest
from 1950 to 1951 was of less-than-average proportion and
was in contrast to the top-ranking total-income gain scored
by this region in 1950.
That individual incomes in the Northwest expanded less
than in the Nation is attributable directly to the fact that
farm income increased 6 percent in these States whereas itrose 19 percent nationally.
The relatively small advance of agricultural income in the
Northwest in 1951 reflected differing movements among the
States. These ranged from declines of one-tenth and onesixth in Nebraska arid Kansas to increases of more than
two-fifths in South Dakota and Wyoming. These wide
variations stemmed partly from the differing emphasis
within the area placed upon wheat, meat animals, and corn
as sources of income. To an even larger degree, however,
they reflect inter-State variations in factors affecting
physical production.

SURVEY OF CURRENT BUSINESS

16

As has been pointed out in previous reports, year-to-year
fluctuations of total income in the Northwest are, in the main,
diluted versions of erratic movements of farm income.
Because of the importance and volatility of farm income in
this region—in 1951 it accounted for more than one-fifth of
all income—basic developments in other sectors of the
regional economy tend to be obscured.
In this primarily agricultural area, nonfarm and private
nonfarm income moved up both in 1951 and over the twoyear period since 1949 at above-average rates. Particularly
impressive is the 1949-51 expansion of factory payrolls.
The 43 percent rise in manufacturing wages and salaries exceeded by a substantial margin the 33 percent increase in the
country as a whole. Further evidence of the growth of industry in this, the least industrialized, region is that over the
two-year period since the outbreak of hostilities in Korea
(June 1950-May 1952), the Northwest has increased its
share of total factory employment by 11 percent—a relative
increase exceeded only by that of the Far West.

August 1952

Per capita income in the Northwest was 5 percent below
the national average in 1951. From 1944 through 1951 it
fluctuated between this point and one 5 percent above the
national average, with the variations reflecting largely
changes in farm income. This recent-period level of average
incomes in the Northwest, relative to the Nation, is markedly
higher than that of prewar years. In both 1940 and 1929 per
capita income in the Northwest was one-fifth less than in the
country as a whole.

Far West
The Far West scored the second largest increase in total
income from 1950 to 1951—14 percent. In California,
above-average gains from all major income sources contributed to the State's 14-percent rise in aggregate income. An
18-percent expansion in income flowing from Nevada's important trade and service industry was a principal factor in
raising income in that State 16 percent. Below-average

Table 4.—Total Income Payments to Individuals, 1 by States and Regions, 1929-51
[Millions of dollars]
State and region

1929

1930

1931

1932

1933

1934

1935 1936

1937

1938 ! 1939 j 1940 1941

1942 i 1943

1944

; 1945 j 1946

1947

1948

1949

1950

1951

Continental United States 1 82, 617 73,32561,971 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, 772 217, 672 242, 947
6,792 6,282^ 5,623 4,481 4,264 4,678 5,031 5,673 5,900 5,372 5,729 6,124 7,3671
911 888 1,000 1,096! 1,267 1, 356 1, 199 1,301 1,417; 1,837
1, 459 1,337 1,178
408
377
297
323 1
353 1
398
400
431 :
505
432
381
298
449
2, 386 2, 593 2,757 3, 093 3,193 2,928 3, 10f, 3,309 3.846
3,512
3,156
2,555
3, 787
272
25S
200
241
262
269;
309
199
228
268
279 j
259
302
366
494
447
511!
651
385
391
426
473
480
579
527
477
163
127
158
180
177
1871
219
133
174
143
216
195
172
i
27, 840 25, 609 22, 031 17, 045 16, 337 18, 299 19,577 22, 448 '23, 481 21,503 22,78324,31928,203
Middle East
:
127
161
192
205
178
203
239
278
128
182
167
147
218
Delaware
495
792
549
813
905:1,040
638
644! 619
556
631
763
District of Columbia 2 _ j
7S1
2
720!
815
743
871 1,000 1, 067 1,000 1,074! 1,222! 1.51 6 j
1.106 1,036
927
Maryland
3,268 3,081 2,713 2,151 1,985 2,197 2,361) 2,690 2. 835 2, 658 1 2,859 3,138' 3,676|
New Jersey 2
14,479 13,346 11,435 8, 840 8, 509 9, 369 9,941 11,246 11,635 10, 759 11, 301 11. 830.13, 384
New York 2
7 338 6, 638 5,580 4 . 1 7 2 4, 027 4, 627 4, 989 1 5. SIS 6, 174 5, 438 5,819 6, 225i 7,404
Pennsylvania
474
739
773
714
760j
905^
590
462
588
623
689
682
West Virginia
793

New England
Connecticut
Maine 2
Massachusetts
New Hampshire 2
Rhode Island
Vermont

33,449
328
1,260
2,033!
4,572
15, 340!
8,822
1,094!

39, 101 42, 431 43, 965 48, 401 51,712 55, 771 54,984 60,557 66,112
399
432
384
403
469
'510i
" 5361
"609
683
1,456 1,518 1,617
1, 727 1,7431 1.825 1,8911 2,072 2,291
2,449 2,577! 2,539 2, 723 2.851 3,065; 3,070 3,417 3,875
5,420 5,838 5,797 6,188 6, 545 7, 039 7, 030 7, 786 8, 813
17, 762 19,506 20,647 23. 096 24, 513 1 26,514 26,151 28,415 30, 555
10,377 11,208 11,469 1 2, 593 13, 701 14, 724 14 263 16, 141 17, 552
1,253 1,381! 1,497 1,642 1, 890 2, 094 1,943 2,117 2, 343

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, 140 30, 297 34,346
419
652
6S1
585
512J
419
699
711
763: 1,037 1,437 1,812 1,980 2,056 2. 093 2, 300 2, 479 2, 306 2,562 2,890
617
537
288
479
332
389
470
456
287
342
478
493: 658
908 i 1,005 1,161 1,248 1 , 353 1,373 1,585 1,457 1,582 1, 769
393
425
584
546
439
516
773
751 i 819! 900i 1,062| 1,469 2,148 2, 433 2,521 2, 554 2. 649 2, 818 2, 960 3. 402 3,801
635
711
596
920
800
863!
901
986; 1, 241 1,648 2,176 2,426 2,484 2, 597 2,817 2,991 2, 935 3. 309 3. 844
798
667
560
735
907
534
902
679
713
880! 1,042 1,336 1, 695 1,839 1, 967 2,145 2,298 2.575 2,480 2,700 3, 115
794
530
636
847
793
839
792
499
487
641
789
828
8471 1,066 1,419 1,898 2,045 2,018 2,033 2,230 2, 525 2, 653 2,834 3,128
725
640
595
748
256
442
292
256
373
385
339
399
436 1
444|
630
886 1,105 1,221 1, 224 1,201 1.374 1,530 1,331 1,527
463
1.689
677
576
915 1,006 1,077 1,0111 1,090 1,131! 1,436 1,872! 2,2701 2,536 2,651 3,012 3, 223 1 3,446 3,361 3, 887 4, 350
690
845
812
261 !
299
314
406
485
451 i
493
378
468
545!
703
365
956 1,1531 1,291 1,319 1,420 1,508 1,681 1,586 1,756 2, 131
622
498 i
516
721
846
880
801
853
927J 1,221 1,5301 2,003 2,329 2,495 2, 544 1 2,742 2,925' 2, 841 ! 3,182 3,530
661
743
996
654
639
849
938| 996 1.1271 1,484 2,133 2, 457 2, 646 2.679 2,834 2,980 3, 247 3,230 3,556 4,099
860
770
770
967
987

Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina.
South Carolina.
Tennessee
Virginia 2_

8,681

802
562
695
956
964
862
544
966
438
905

4. 153 3. 428 2.788 2.199 2.299 2. 623 2.924 3.402 3.804 3.5831 3.756 3.9081 4.734 6.608 8.741 9.514 9.575 10. 125 11.526 12. 453 13.011 13.979
170
122! 120
167
202! 232
213!
227| 237j 287 449 j
149
6011
591
604
644 i
725
832! "836
245
208
9361
162' 177! 165; 179!
190!
222
300 i
116!
86i
90
113
161i
137
131
380;
425
456
490!
558
619! 679!
775
659I
507i
537
666
753! 841i 767: 79!6! !829! 9561,335! 1,639! 1,853 1,8391 1,926! 2,130 2,301 j 2,285 ! 2, 394
583
1,0791
844
2,668^ 2, 239| 1,843! 1,484; 1,552 1,778 1, 960 2,285; 2,554, 2, 4381 2. 554 2,652 3,269 4, 524! 6,121; 6,645 6,676; 7,065; 8,113 8,701 9,211; 9,874
|
i
i
i
[6,220 18,986!20,620 18,378 20,090121, 664 j26,800 33,520 39,704 42,252 43,455 48,030 52,529 59,029 55,955 62,165
124,226120,833117,185 12,630! 12,193 14,
,0361 5,903} 4,813 3.5-171 3,335 3,787 4,222 4.9091 5,395' 4.833 5,285! 5,740, 6,889i 8,267
1,476 10,297 10.849 12,160 13,305 14, 973 14,059: 15,397!
978 1,167 1,312 1,5711 1,713; 1.522; 1,688) l,858i 2,437| 3,112! 3,766! 3,959 4,113 4.327 4,784! 5, 399! 5,127! 5,76
974'
1,877 1,595! 1,325
644
896
965
606
982! 1,092 1,068! 1,185| 1.233, '1,527;
"" 2,015! 2, 389! 2, 3181 2,451 2.982 2, 894! 3, 798! 3,303! 3,716j
619!
1, 348 1,248!
1,641 2,131 2, 469 2.926J 3,257! 2.705i 3,054 3, 425! 4,2711 5. 526; 6, 924! 7,259 6,902 7.495 8, 550! 9,145! 8, 956! 10,158!
3. 543 2.940J
. . _ 2,413'
. . _ _ 1,816!
.
812
921 1,083 l,28l| 1,362 1,304; 1,378
424 ; 1.6261 2,0601 2,316 2,456 2, 6991 3,153| 3,421! 3,876! 3,634! 3, 992i
1, 443 1, 325 1,1251!
1,688 1,284 1,244' 1,380 1,533 1,763! 1-824! 1,709; 1,832 1. 914 2.363! 2, 9421 3,391 3,662 3,831 4,371! 4,58^ 5.203 5, 045; 5. 580!
2, 210 1
4,920! 4,251 3, 564 i 2, 6101 2,601 3,066 3.44' 4,072! 4,406. 3,794! 4,154 4,t. 448: 5, 646! 7,0221 8,417 8,967 9,1221
719 10.753 12,016 11, 360 12,6181
938 1.081 1, 258 1,482 1,571 1,443] 1,514 1.622! 2,041 2, 576 3, 025 3,334 3,488 3, 823 4, 235 4,619 4,471 4, 936
971
1,849] 1,587 1, 292!

Southwest
Arizona
New Mexico
Oklahoma
Texas
Central.
Illinois
Indiana
Iowa
Michigan
Minnesota
Missouri
Ohio
Wisconsin

3,927 3,592 2,824 i 1,9311 1,953 2,250 2,627 3,029 3,2381 2,974| 3,099
358! 404
362J
584|
580
478!
446
538
526! 563
633
115
204
153'
1121
146
165
2011
223 i 207! 213
230
4741 549
622
928
730 •
487|
7241
781|
6901 692
997 j
158J
212
271! 288
213)
264
158!
250
283!
299
325|
578;
374
749
3441
534!
549 i 5091
378
476
523
764
1221
126
224
178
197J
217; 196 209
160J
136
264!
118
199!
264
117!
157
184
2081 227
196!
288'
143
192
224|
247 J
195J
143
235! 243
272
239
165
87
132;
136 j 132
141
140
861
103 i 114
154

Northwest
Colorado
Idaho.
Kansas
Montana
Nebraska
North Dakota.
South Dakota.
Utah
Wyoming
Far West
California
Nevada
Oregon
Washington

8,965 10,248 10,707 10,828 11,831 12,650 13,492 13, 283 1 14,559 16, 057
2,334 2, 639 2,697! 2,604 2,808 3, 129 i 3,294 3,209 3,572 4,071
921
680
872
881
867
984| 1,067! 1,030 1,083 1,182
4,520 5,136 5, 438 5, 606 6,186 6,455 6,928 6,903 7,545 8,223
355
546
388
427
467
596
631
620
673
747
822
961
952
999 1,083 1,143 1, 113 1. 237 1. 343
923
254
303
332
371
290
403
429
408
449
491

202!

363 4,109
589! 695
232
278
757
974
321
372
569,' 655
237 i 331
242! 301
265 i 329
151
174

6,087
990
423
1, 500
472
1.0471
435
480!
524
216

7,135
1,144
487!
1,824!
5311
1, 220|
510|
478|
693
248

7,631
1,157
537|
1.9871
558 j
1,343!
5611
572 i
6441
272!

7,842
1.274
540
1.9291
579.1
1.370!
579
624
658
289

8,454
1,380
6081
2, 000
669
1, 478
619
676
694 {
330

9,824 10,562
732
1,626
671!
723
2, 399! 2,380
797!
8781
1. 554! 1,8461
8751
851 j
769!
937
806 j
759
374
409

6,998 6,454 5,456! 4,167; 4,091 4,695! 5,203 6,330 6,711 6,331 6,730' 7,431i 9,476 12,973 17,180 18,864 18,863 20,335! 21,604!
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! 13,739J 13,882' 15,180j 16,043!!
206^
215! 213! 215
239;
255
70
62
46
43j
53;
62^
72
77
69
84!
92, 107;
524!
443
338
337i
404! 459; 560
580
540
587
633i 824; 1.201 1,5991 1,672; 1,671 1,777! 1,999
_ _ _ ] 603
982
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;
j 1,104

i "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




9,737]
1,698
705
2, 272
764
1,660
692
726
812

16.029
1,151
916
2, 677
11,285
69,701
17,001
6,655
4,019
11,352
4,414
6,141
14,509
5, 610

11,022 12,220
1,855
2,158
739
800
2.570 2,847
942 1.026
1,969 2, 035
849
790
839
989
876 1,008
442
508

22,898 22,662! 25,093 28,482
16,
16,824 18.609J 21.306
268
266
300'
347
2,150 2, 076 2, 318i 2. 572
3,543 3,496' 3,866! 4.257

used in preparing the estimates, see the "Technical Notes" section of the article in the August
1950 issue of the SURVEY OF CURRENT BUSINESS.
2
See footnote 2, table 6.
Source: U. S. Department of Commerce, Office of Business Economics.

SUEVEY OF CUEKENT BUSINESS

August 1952

gains in aggregate income in Oregon and Washington
stemmed from relatively small rises in farm income and
government income payments.
In recent postwar years, up to 1951, changes in total income in the Far West had been similar to those in the Nation.
The relative upturn in 1951 centered in, though was not confined to, California, which accounts for three-fourths of all
income in the region.
In this State, Federal payrolls, military as well as civilian,
expanded two-fifths from 1950 to 1951. Though not much
greater than the increase of one-third in the country as a
whole, when taken in conjunction with the above-average
importance of this income flow in the State (more than onetenth of all Federal wages and salaries are paid out in
California), its contribution to total income expansion was
substantial.
The 29-percent spurt in factory payrolls from 1950 to 1951
bears the direct imprint of California's participation in industrial mobilization. In the machinery, fabricated metals,
and transportation equipment industries, which represent
two-fifths of all manufacturing in the State, payrolls expanded at rates of from one-fifth to nine-tenths. In each,

17

the relative increase in the State was considerably above that
for the Nation. Further evidence of the impact of defense
mobilization on California is that from June 1950 through
May 1952 the State increased its share of the national total
of manufacturing employment by nearly one-fourth.
However, California's above-average income rise in 1951
can by no means be attributed to the direct effects of the
defense effort alone. In 18 of the 21 principal types of
manufactures present in the State, its 1950 to 1951 relative
increases in payrolls exceeded those in the country as a
whole. Moreover, the 11-percent expansion in trade and
service income in the State last year was of larger-thanaverage proportion. The relatively small rise in this sector
from 1946 to 1950—about half as large as that occurring
nationally—had been a major factor in the State's belowaverage income growth. In 1951, however, income in twothirds of the 24 individual trade and service industries
increased relatively more than in the country as a whole.
Particularly noteworthy is the fact that payrolls in the
important motion picture industry rose at an above-average
rate in 1951 after sustaining both relative and absolute
declines in every year since 1946.

Table 5.—Per Capita Income Payments, by States and Regions, 1929-51
[Dollars]

1929

State and region

1930

1931

1932

1933

1934

1935

1936

1937

1938

1939

1940

1941

1942

1943

1944

1945

1946

1947

Continental United States

680

596

500

380

368

420

460

531

561

509

539

575

New England
Connecticut
Maine
Massachusetts _ _
New Hampshire
Rhode Island
Vermont

838
918
566
897
652
851
601

768
830
540
825
599
767
542

684
725
473
738
551
695
476

542
558
367
594
422
562
369

514
540
364
553
420
533
351

561
605
394
597
478
573
397

602
659
428
634
502
626
439

678
758
480
713
544
691
501

704
808
490
737
562
714
493

640
710
450
677
531
639
454

680
764
474
719
548
678
483

864 1,047 1,225
724
827 1,055 1,293 1,481
499
769 1,021
569
764
879 1,038 1.210
561
796
948
665
716
909 1,131 1,239
521
622
736
890

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
717
926
919
762
687
1, 191 1,179 1,088
651
577
703
751
869
947
1,125 1,023
871
576
767
688
464
336
393

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
674
709
740
867 1,038 1,242 1,363 1,430 1,446
711
751
634
682
892 1,018 1,188 1,376 1,424 1,390 1,440
795
771
750
955 1,124 1,107 1 044 1,031 1,087 1,096 1,223 1,284 1,328 1,405 1,417
524
594
634
635
834 1,068 1,243 1,284 1,272 1,246
708
597
914 1.116 1,328 1,444 1,474 1,477
630
699
712
746
750
803
863
984 1,155 1,384 1,535 1,641 1,662
791
861
825
837
743
594
510
589
626
629
748
907 1, 104 1.213 1,264 1,286
553
342
402
369
712
895
875
378
398
417
807
587
477

1,515
1,513
1,473
1,314
1,557
1,713
1,368

Middle East
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
West Virginia
_

-_
__

693

876 1,059

1948

1949

1,160 1,191 1,211 1,293 1,383 1,325
1,294
1,513
1,040
1,296
1,055
1,320

1,316
1,483
1,049
1,339
,1,117
1,317
959 1,031

1950

1951

1,439 1,584

1,462
1,664
1,193
1,468
1,276
1,458
1,198

1,419
1,600
1,119
1,447
1,220
1,407
1,112

1,561
1,776
1.174
1,604
1,293
1,564
1,191

1,715
1,999
1,298
1,738
1,444
1,691
1,322

1,603
1,609
1,600
1,427
1,613
1,810
1,441
995 1,097

1,548
1,680
1,728
1,408
1,569
1,741
1,380
1,003

1,686
1,897
1,955
1,555
1,710
1.875
1,532
1.051

1,822
2,076
2,095
1,714
1,885
1.996
1,663
1,174

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

539
503
480
676
508
487
566
397
519
482
522
756

920
884
673
803
768
803
958 1,075
851
702
732
775
830
768
630
713
840
950
794
758
875
655
716
823
547
756
926
888 1.013 1,045 1,035 1,043 1,081 1,105 1,204 1,284
914
794
874
672
761
788
855
958 1, 103
704
821
912
760
778
867
627
917 1,066
741
832
861
972 1,008 1,042 1, 135
790
827
744
662
598
641
486
587
702
771
583
852
627
808
898
713
757
860
956 1,052
594
742
854
769
697
791
838 1,003
673
904
676
828
862
808
868
870
960 1 064
844
924
924
940
993 1,061 1,046 1, 146 1, 295

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
500
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

937 1, 131 1,219 1,255 1,289 1 380 1 519
748
870 1,039 1,223 1,337 1,416 1,481 1,606 1,764
894 1,083 1,156 1,199 1,176 1 283 1 413
705
833 1 028 1,036 1 105 1 250 1 191 1 527
619
795 1,025 1,276 1,331 1,260 1,276 1 410 1 481
593
975 1,066 1,160 1 227 1 360
773
906
620
764
914 1 039 1 101 1 168 1 205 1 358
814 1,009 1,226 1,311 1,326 1,296 1 387 l' 512
843 1 004 1,124 1,184 1 216 1 316 1 416
651

Northwest
__
..
Colorado
Idaho
. -.
_
Kansas
Montana
. _ __
Nebraska __ _ . _ . _._
North Dakota
South Dakota
_
Utah
Wyoming

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
41$
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

566
611
540
558
684
518
537
492
585
672

865
946

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

Southeast
Alabama
Arkansas
Florida
_.
Georgia
Kentucky
_.
Louisiana
Mississippi
North Carolina
South Carolina _
Tennessee
Virginia

_ . __ _

_-_ -

Southwest
Arizona
New Mexico
Oklahoma
Texas
Central
Illinois
Indiana
Iowa
Michigan.
Minnesota
Missouri
Ohio
Wisconsin

Far West
California
Nevada
Oregon
Washington

- __.
_-

..
_ _
..

8171
640 !

_.

__ _ _.

713

Source: U. S. Department of Commerce, Office of Business Economics.
216265°—52




956
956
959 1,007
799
857
894
940
972
978

952 1,072 1,133 1,166
985 1,057 1,169 1,152
866
972 1,046 1 074
895
990 1,088 1,075
972 1,105 1 148 1 200

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
1 165
1 176
1,549
1 047
1,162

1 438
1 463
1,493
1 297
1,420

1 502
1,535
1,383
1 302
1,495

1 429
1 466
1,483
1 281
1,357

1 449
1 504
1,626
1 268
1 310

1,225
1,240
1,133
1,071
1 276

1 363
1,432
1 301
1 182
1 412

1 417
1 630
1 316
1 295
1 428
1 246
1 291
1 421
1 344

1 548
1 756
1 455
1 409
1*583
1 341
1 397
1 584
1 434

1 717
1 928
1 649
1 531
1 734
1 474
1 519
1 799
1 614

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

1 267
1 359
1 233
1 220
1 359
1 293
1 187
1 175
1 199
1 478

1 376
1 396
1 255
1 346
1 591
1 478
1 276
1 281
1 266
1 519

1 507
1 568
1 356
1 460
1 742
1 510
1 403
1 529
1 424
1 722

1 532
1 574
1 667
1 357
1 451

1 586
1 618
1 686
1 451
1 523

1 560
1 602
1*673
1 390
1 473

1 712
1*758
1 863
1 515
1 622

1 877
1 933
2 029
1 652
1 755

SURVEY OF CURRENT BUSINESS

18

August 1952

Table 6.—State Income Payments, by Type of Payment, 1948-51 l
[Millions of dollars]
State

1948

1949

1950

1951

202, 007 196, 772 217, 672 242, 947
131, 087 130, 070 141, 369 162, 639
38, 529 32, 433 36,646
40, 938
20, 902 21, 700 24, 395
25, 650
13, 720
11, 489 12, 569 15, 262
2,562
2,306
2,890
Alabama, total
2,479
Wages and salaries
1,412
1,464
1,550
1,818
Proprietors' income
510
570
643
652
163
Property income
182
164
188
Other income
221
260
241
199
836
936
Arizona, total
1,151
832
Wages and salaries
507
556
666
487
208
181
Proprietors' income. __
308
212
84
96
Property income
103
77
64
76
74
56
1,457
1,582
Arkansas, total 1,585
1,769
712
Wages and salaries
756
886
707
503
538
Proprietors' income
646
607
95
108
Property income
95
111
147
180
Other income
165
137
California, total
16, 937 16,824 18, 609 21, 306
Wages and salaries
14, 044
11,011 10, 957 11, 831
3,164
2,678
Proprietors' income
2,975
3,610
2,007
2,241
Property income
1,970
2,392
1,373
1,182
Other income
981
1, 260
1,855
1,698
1,732
2,158
1,086
Wages and salaries
992
1,304
985
363
362
Proprietors' income. ._
418
440
244
210
Property income199
260
134
162
Other income
154
130
3,572
Connecticut, total
3,209
3,294
4,071
2,234
2,476
Wages and salaries
2,351
2,948
353
311
Proprietors' income
330
374
552
490
Property income472
573
174
Other income
191
141
176
609
Delaware total
536
510
683
413
Wages and salaries
364
345
479
72
Proprietors' income. ._
62
64
78
97
Property income
85
83
102
25
27
Other income
18
24
District of C o l u m b i a ,
totals
2,072
1,891
1,825
2,291
1,474
1,608
Wages and salaries
1,406
1,823
132
117
Proprietors' income.-.
120
136
204
193
Property income
195
213
128
107
Other income
104
119
3,402
2,960
Florida, total
__ 2,818
3,801
1,957
Wages and salaries
1,767
1,718
2,282
690
560
Proprietors' income
502
730
480
414
Property income
394
513
275
219
Other income
204
276
3,309
Georgia, total
2, 935
3,844
2,991
1,894
2,111
Wages and salaries
1,876
2,465
615
551
Proprietors' income. ._
654
791
304
266
Property income
259
319
279
224
Other income
202
269
739
705
Idaho, total
723
800
420
Wages and salaries
391
379
471
203
215
Proprietors' income. __
251
214
64
58
Property income
55
68
United States, total
Wages and salaries
Proprietors' income. __
Property income
0 ther income

38
Illinois, total _ _ _ _ _ 14, 973
Wages and salaries
10, 003
Proprietors' income-- 2,570
Property income
1,625
Other income
775
Indiana, total
5,399
Wages and salaries
3,498
Proprietors' income.. _ 1,245
431
225
Other income
Iowa, total
3,798
Wages and salaries
1,569
Proprietors' income
1,725
Property income
352
Other income. .
152
2,380
Wages and salaries
1,219
Proprietors' income
799
250
Property income
112
Kentucky total
2,575
Wages and salaries
1,477
Proprietors' income- ..
702
Property income
220
Other income
176

41
14, 059
9,736
1, 955
1,681
687
5,127
3,442
990
447
248
3,303
1,594
1,134
369
206
2,272
1,283
616
254
119
2,480
1, 456
597
228
199

52
15, 397
10, 470
2, 238
1,878
811
5, 768
3. 874
1,092
499
303
3, 716
1.696
l|402
410
208
2,570
1,368
758
288
156
2,700
1,615
588
255
242

1948 | 1949

1950

1951

Louisiana, total ___
Wages and salaries
Proprietors' income
Property income
Other income

2,525
1,586
509
231
199

2,653
1,645
453
238
317

2,834
1,761
483
267
323

3,128
1,985
563
282
298

Maine total 2
Wages and salaries
Proprietors' income
Property income
Other income

1,067
684
193
126
64

1,030
649
163
146
72

1,083
676
157
166
84

1,182
779
150
171
82

Maryland, total 2
Wages and salaries
Proprietors' income
Property income
Other income

3,065
2,098
474
355
138

3,070
2,097
439
371
163

3,417
2,301
499
417
200

Massachusetts, total
Wages and salaries
Proprietors' income.—
Property income
Other income
.

6,928
4,944
655
880
449

6, 903
4.874
596
913
520

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

8, 956
6, 625
1,038
820
473
3,634
2,111
920
369
234
1,331
636
456
93
146
5,045
3, 166
1,021
522
336
764
443
202
76
43
1,660
'836
564
183
77
266
160
59
34
13
620
413
82
78
47
7,030
5, 102
781
762
385
679
397
173
64
45
26. 151
18, 174
2, 862
3,588
1,527
3,361
2.077
740
311
233
692
321
265
55
51

State

Michigan, total
.. _
Wages and salaries
Proprietors' income
Property income
Other income.
Minnesota, total . .
Wages and salaries
Proprietors' income.—
Other income. _
Mississippi, total
Wages and salaries
Proprietors' income. ..
Other income-..
Wages and salaries
Proprietors' income. ..
Property income
Other income..
M t
total
Wages and salaries
Proprietors' income
Property income
Other income
Nebraska total
Wages and salaries
Proprietors' income
Other income
Nevada total
Wages and salaries
Proprietors' income
Property income
Other income
New Hampshire, total 2 _ _ _
Wages and salaries
Proprietors' income
Property income
Other income
New Jersey total 2
Wages and salaries
Proprietors' income
Property income
Other income
New M^exico total
Wages and salaries
Proprietors' income

47
17,001
11, 801
2,492
1, 968
740
6, 655
4, 525
1,312
528
290
Other income. _
New York, totals
4,019
1,911
Wages and salaries
1,493
Proprietors' income. ..
432
Property income
183
Other income
2,847 North Carolina, total
1, 679
Wages and salaries
719
Proprietors' income
303
Property income
146
3,115 North Dakota total
1,924
Wages and salaries
691
Proprietors' income
265 j
Property income
235 i
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 4 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 hi New York, but do not include the income of New York residents em-




State
Ohio total
Wages and salaries
Proprietors' income
Property income
Other income

1948
12, 016
8,352
1,749
1,200
715

1949

1950

11.360 12, 618
8,033
8,880
1.438
1,600
i; 233 1,369
769
656

1951
14, 509
10, 602
1,788
1,433
686

Wages and salaries
Proprietors' income.—
Property income.
Other income

2,301
1,233
641
220
207

2,285
1,280
561
224
220

2,394
1,368
529
250
247

2,677
1,570
602
266
239

3,875
2,701
552
442
180

Oregon, total
Wages and salaries
Proprietors' income...
Property income.

2,150
1,388
459
194
109

2,076
1,376
371
201
128

2,318
1,498
437
226
157

2,572
1,712
475
241
144

7,545
5, 266
682
1,012
585

8,223
5,919
710
1,044
550

Pennsylvania, total
Wages and salaries
Proprietors' income
Property income
Other income

14, 724
10, 510
1,967
1,485
762

14, 363
10, 136
1,759
1,553
915

16, 141
10, 949
2,016
1,756
1,420

17, 552
12, 578
2.164
1,816
994

10, 158
7,532
1,141
927
558
3,992
2,311
'955
414
312
1,527
705
534
108
180
5,580
3,414
1,175
590
401
942
469
330
87
56
1,969
894
763
211
101
300
180
66
38
16
673
444
86
89
54
7,786
5, 534
914
867
471
775
457
182
77
59
28, 415
19, 254
3,338
4,051
1,772
3,887
2.374
'867
360
286
790
336
340
64
50

11, 352
8,543
1,309
979
521
4,414
2, 587
1, 143
439
245
1,689
825
590
111
163
6,141
3, 881
1, 266
616
378
1,026
521
361
92
52
2,035
1,017
706
220
92
347
216
74
41
16
747
513
92
92
50
8,813
6,440
1,016
916
441
916
540
232
89
55
30, 555
21, 214
3, 453
4, 263
1,625
4, 350
2, 663
1,040
381
266
849
361
380
68
40

Rhode Island, total
Wages and salaries
Proprietors' income

1,143
812
104
145
82

1,113
767
95
150
101

1,237
852
112
168
105

1,341
949
118
172
102

South Carolina, total
1,681
Wages and salaries
1,094
Proprietors' in come.. .
350
118
Property income
119

1,586
1,061
269
120
136

1,756
1,158
298
137
163

2,131
1,408
423
147
153

937
318
532
56
31

726
323
302
57
44

839
338
382
66
53

989
372
505
72
40

Tennessee, total
Wages and salaries
Proprietors' income...

2,925
1,782
691
227
225

2,841
1,776
580
231
254

3,182
1,980
642
256
304

3,530
2,259
729
269
273

Texas, total
Wages and salaries
Proprietor^' income
Property income
Other income.

8,701
5,200
2,127
839
535

9,211
5,451
2,337
871
552

9,874
5,960
2,279
952
683

11,285
7,039
2,607
1,006
633

Utah, total
Wages and salaries
Proprietors' income. ._
Property income
Other income

806
521
177
54
54

812
535
164
57
56

876
574
173
63
66

1,008
682
200
67
59

Vermont, total
Wages and salaries
Proprietors' income. ._
Property income
Other income

429
262
89
54
24

408
259
65
56
28

449
275
77
65
32

493
315
81
67
30

Virginia, total 2 _
Wages and salaries
Proprietors' income
Property income
Other income _ _

3,247
2,183
611
291
162

3,230
2,226
534
296
174

3,556
2,396
603
332
225

4,099
2,871
675
344
209

Washington,
total
Wrages and salaries
Proprietors' income
Property income
Other income .

3,543
2,317
678
334
214

3,496
2,338
563
337
258

3,866
2,487
660
373
346

4,257
2,879
706
396
276

Wages and salaries
Proprietors' income.. _
Property income
Other income

2,094
1, 531
307
140
116

1,943
1,394
268
146
135

2,117
1,488
290
166
173

2, 343
1,693
315
173
162

Wisconsin, total
Wages and salaries
Proprietors' income. —
Property income
Other income .. _

4,619
2,942
1,034
450
193

4,471
2,912
876
469
214

4,936
3,201
940
532
263

5.610
3, 678
1,130
558
244

Wyoming, total
Wages and salaries
Proprietors' income
Property income
_
Other income

409
259
102
31
17

408
262
95
32
19

442
270
110
37
25

508
301
145
39
23

Other income

South Dakota, total
Wages and salaries
Proprietors' income
Property income
Other income

ployed in 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 4 were first adjusted to a residence basis
before division by population. Following are the amounts (in millions) of the adjustments
for 1951: District of Columbia, —592; Maryland, +308; Virginia, +284; New York, —563;
New Jersey, +563, Maine, -24; New Hampshire, +24. (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-ofpayment 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.

by Lawrence Bridge and Vita Natrella

Capital Expenditures
by Nonmanufacturing Industries
JVECENT studies of investment in productive facilities
have noted the broad industrial base of the strong postwar
demand for goods. A detailed industry breakdown of manufacturers' capital outlays permitting analysis of the industrial structure of fixed investment within manufacturing was
presented for the first time in a SURVEY article last December.
The present article extends the new detail to include plant
and equipment expenditures by nonmanufacturing industries
and appraises the contribution of these sectors to the overall level of capital goods demand.
The new manufacturing and nonmanufacturing series not
only make available more detail than previously, but also
are conceptually more comprehensive in coverage and utilize
all the available data for purposes of estimation.
The revised estimates of capital goods outlays by major
nonmanufacturing industries are similar in scope and concept to those for manufacturing industries. In conjunction
with the estimates of manufacturers7 outlays, the new series
make available a completely revised aggregate of private
nonagricultural business investment in new plant and equipment. The regularly conducted joint quarterly surveys by
the Office of Business Economics and the Securities and
Exchange Commission will utilize these data in extrapolating
actual and prospective fixed investment by nonagricultural
industries. The new series cover expenditures from 1945
to date, and provide estimates for the year 1939 as a prewar
point of reference. This article also presents for the first
time seasonally adjusted quarterly estimates.

New and old series
There are many conceptual and statistical differences
between the new and old estimates of outlays by nonmanufacturing industries.
In the first place, the new estimates for corporations utilize
the industrial classification and are adjusted to universe on
the basis of the gross capital assets (or, in the case of trade
and service, gross sales and receipts) of corporations as
reported to the Bureau of Internal Revenue during the 1948
tax year. Estimates for noncorporate business are adjusted
to universe using sales of proprietorships and partnerships
as reported to B. I. R. In the old series, mining was adjusted
to 1940 corporate tax returns, estimates for transportation,
communications and public utilities utilized various governmental and private sources of data, while benchmark data
for all other nonmanufacturing industries were based on
"commodity-flow" or adjusted production estimates.
In contrast, the new series is based entirely on company
expenditures data adjusted to universe estimates by the
Bureau of Internal Revenue statistics.
A second difference is due to the utilization by the new
series of the mandatory annual reports of all corporations
registered with the Securities and Exchange Commission
NOTE.—Mr. Bridge is a member of the Business Structure Division, Office of Business
Economics, and Mr. Natrella is Chief, Section of Financial Analysis, Securities and Exchange
Commission,




rather than the somewhat smaller number of companies
reporting in the quarterly survey. Third, the present estimates make use of external sources of data where supplementation of the sample appears warranted. This is more fully
discussed in the technical notes. Fourth, the new series is
adjusted for biases resulting from changes in the number of
operating businesses—and generally is based on more refined
es tim a ting procedi i res.

Investment Trends in
Nonmanufacturing Industries
Billions of Dollars

Billions of Dollars

5
PUBLIC UTILITIES

COMMUNICATIONS

4

0

I

i

I

1

i

1

i

I

\

I

i

I

I

TRANSPORTATION
OTHER THAN
RAILROADS

RAILROADS

|Q

-2
~ 1

0

t

I

t

t

\

\

\

MINING

-1
Ql

I

1945

I

47

I

I

I

49

I

t

51

1945

47

49

51

U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
19

20

SURVEY OF CURRENT BUSINESS

The present estimates are higher throughout the postwar
years than the heretofore published data. An indtistry-byindustry comparison indicates little adjustment in the estimates of capital outlays by the railroads, public utilities,
mining, and communications.
Thus, the upward revision is concentrated in transportation other than railroads (more particularly in motor transportation) and in the commercial and other group. These
are the areas for which no adequate data previously existed.
The old estimates were based on an assumption that these
industries purchased only office equipment and fixtures, professional and scientific instruments, aircraft, ships, and motortrucks. Plant expenditures utilized estimates (based on
Dodge Corporation statistics) of commercial and miscellaneous building.
Presently available data show the old series to be deficient
in coverage—particularly in the exclusion of expenditures for
business passenger cars. This item accounts for the bulk of
the substantial upward revision of the commercial and other
group in 1948.

Definition and scope
The present series excludes several important sectors of
investment; agriculture, government, nonprofit institutions,
professionals, and residential construction. Thus, the series
covers investment by private nonagricultural profit-seeking
enterprises. The exclusion of professionals, an exception to
this definition, was dictated by the almost complete lack of
data in this area. With these exceptions, the present
OBE-SEC series covers all expenditures for new plant and
equipment by business.
Table 1.—Expenditures on New Plant and Equipment by United
States Business, 1939, 1945-51 *

1945

1946

1947

1948

1949

1950

1951

5,512

8,692 14,848 20, 612 22, 059 19, 285 20, 605 26, 332

.-

1,943

3,983

6,790

Nonmanuf acturing
Mining
Railroads-- _
Transportation other than
rail _ - Communications
Public utilities
Trade
All other 2 _ _ . _ - _

3.569
326
280

4,709
383
548

8,058 11, 909 12, 925 12, 136 13, 114 15, 202
882
792
427
691
707
911
583
889 1,319 1, 352 1,111 1,474

365
302
520
1,392
384

574
321
505
1,074
1,304
-

923
817
792
2,694
1,822

All industries
Manufacturing

8,703

1,298
1,399
1,539
3,957
2,136

9.. 134

1,285
1,742
2, 543
3,158
1,996

7,149

887
1,320
3,125
2,874
1,786

7,491 11, 130

1,212
1,104
3, 309
3,494
2,177

1.492
1,344
3,855
3,896
2,230

1
Data exclude expenditures of agricultural business and outlays charged to current account.
2 Includes service, construction and finance.

Sources: U. S. Department of Commerce, Office of Business Economics, and the Securities
and Exchange Commission.

The new estimates are based on expenditures for plant and
for types of equipment for which the reporting company
normally maintains depreciation accounts—and explicitly
exclude capital outlays charged to current account. In this
respect, and in the classification by purchaser, the}^ differ
from estimates obtained from production or shipments data
(the commodity-flow approach) which measures expenditures
by type of capital good rather than by ownership. The
approach used in the present series, it should be noted, is the
only means of obtaining actual and prospective capital
expenditures data by industry.
Postwar Investment Trends
A very substantial backlog of capital goods demand
generally existed among nonmanufacturing industries at the
end of World War II. While their facilities reconversion



problems were quite small as compared to those of many
manufacturing industries, their plants and equipment suffered from wartime under-maintenance. In addition, the
peacetime demand for their products and services was quite
high.
Largely as a result of the latter factor, but also reflecting
the wartime influence in keeping the business population at
depressed levels, an abnormally large number of new business
enterprises were initiated during the early postwar years.
The fixed investment needs of these firms were superimposed
on the existing large volume of demand by established firms.
In some industries—particularly in trade, services, and construction—the initial capital investment by new firms in
the 1945-48 period accounted for a very significant part of
total plant and equipment expenditures in those areas.
The situation among the railroads at the end of the war
differed quite markedly from that of most other major industries. The diversion of traffic from tanker and collier
due to the submarine menace, and from motor trucks and
passenger cars because of rubber and gasoline shortages, as
well as the movement and support of troops in a two-front
war, placed a disproportionate share of the war transport
burden on the railroads. As a result, the rails, unlike most
other major private sectors, maintained through the war
years their immediate prewar rates of capital goods expenditures.
At the end of the war the rails were faced with the loss of
war-induced traffic as well as the resumption of the secular
trend toward diversion of traffic to passenger cars and other
private carriers. The postwar capital goods demand by the
railroads was nevertheless strong. The rails thus embarked
on a large program of modernizing their road and passenger
car equipment and substituting more efficient diesel-electric
locomotives for steam-driven equipment.

The early postwar years

[Millions of dollars]

1939

August 1952

As a result of these factors, as well as the rapid increase
in capital goods costs, the early postwar years were characterized by rapidly rising capital goods outlays by all major
industries. Total expenditures by the nonmanufacturing
group in 1948 totaled $13 billion, as compared to less than
$5 billion in 1945, and about $3.5 billion in 1939 (table 1).
In physical volume terms, additions to productive capacity
were about the same in 1939 and 1945 and were more than
twice as high in 1948 than in either of the earlier years.
As compared to total fixed investment outlays in manufacturing, the expansion during the early postwar years was
greater in the nonmanufacturing group—so that the latter's
proportion to total nonagricultural business capital outlays
rose from just under 55 percent in 1945 to almost 60 percent
in 1948. In 1939, however, this proportion had been 66
percent.
Every major nonmanufacturing industry and each size
group of firms contributed to the increase in expenditures
from 1945 to 1948. Most striking were 1948 rates of dollar
spending five times as much as in 1945 by public utilities
(proportionately even higher among gas companies) and
communications companies. Construction, nonrail, transportation, retail and wholesale trade and finance reached
annual peaks in capital goods outlays in 1947 and cut back
their investment in 1948.
All of the latter industries continued to reduce their
spending throughout 1949. These declines and those also
occurring in mining and communications more than offset
the moderate continuing increases in investment by both
gas and electric companies, the railroads and service firms.
Total nonmanufacturing capital outlays fell about 5 percent
from 1948 to 1949—considerably less, both in relative and

SURVEY OF CURRENT BUSINESS

August 1952

21

Table 2.—Expenditures for New Plant and Equipment by United States Business, Quarterly, 1947—52

1

[Millions of dollars]

1947

1949

1948

1952

1951

1950

i
I

A.II industries
Manufacturing
Mining
Railroads
Transportation, other than rail
Public utilities
Commercial and other 3

__

II

III

IV

I

II

III

1 IV

I

II

| HI

IV

I

II

III

IV

I

II

III

IV

1

112

III 2

4, 392 5,143 5,209 5,868 5,005 5,501 5,415 6,141 4,710 4,978 4,672 4,927 4,188 4,844 5,251 6,322 5, 535 6,665 J6,715 7,421 6,228 7,104

6,870

1,878 2,181 2,148 2,495 2,201 2,310 2,164 2,459 1,855 1,874 1,655 1,765 1,444 1,714 1,859 2,474 2,154 2,802 2,841 3, 335 2,742 3, 251
189
241
236
244
238
191
171
197
208
176
215
219
265
215
204
183
167
173
163
183
216
137
432
362
391
294
394
354
222
322
222
291
272
312
361
288
213
300
413
381
300
310
155
310

3,087
245
375

344
417
321
356
372
361
312
336
211
259
329
317
345
217
226
303
420
360
291
347
233
276
852 1,073
759
936 1,042 1,117
847 1,055
356
642
636
640
745
418
831
774
797
918
265
501
458
613
1,681 1,870 1,928 2,012 1,600 1,703 1,756 1,837 1,426 1,519 1,494 1, 542 1,456 1,618 1,760 1,939 1,783 1,872 1,870 1,949 1,708 1,752

343
1,171
1,649

Seasonally Adjusted at Annual Rates
[Billions of dollars]
All industries

_ _

_ _

19.69 20.31 J21.02 21.33 22.35 21.80 21.94 22.26 21.07 19.68 18.86 17.81

18.42 19.23 21.04 23.30 24.29 26.40 27.07 27.30 27.43 27. 32

M anuf actur ing
Mining
Railroads

8.24
.59
.69

8.62
.66
.82

8. 88
72
!92

9.01
.77
1.09

9.65
.79
1.21

9.13
.87
1.21

8.94
.90
1.33

8.88
.95
1.50

8.13
.92
1.60

7.40
.82
1.48

6.84
.76
1.28

6.38
.70
1.09

6.34
.73
.96

6.78
.68
1.13

7.68
.67
1.19

8.92
.75
1.15

9.46 11.08 11.72 12.02 12.04 12.24
.82
.95
.93
.94
.93
.93
1.28 1.53 1.46 1.60 1.57 1.47

Transportation, other than rail
Public utilities. Commercial and other 3 .__

1.30
1.36
7.61

1.33
1.44
7.44

1.27
1.66
7.58

1.29
1.73
7.44

1.37
2.18
7.16

1.29
2.48
6. 82

1.25
2.54
6.98

1.26
2.86
6.81

1.02
3.03
6.36

.84
3.13
6.01

.93
3.16
5.89

.79
3.16
5.69

1.06
3.12
6.21

1.08
3.07
6.49

1.30
3.24
6.97

1.43
3.70
7.35

1.45
3.70
7. 57

1
Data exclude expenditures of agricultural business and outlays charged to current accoun
2
Data for the second and third quarters of 1952 are based'on anticipated expenditure
reported by business in late April and May 1952.

absolute terms, than the drop in manufacturers' capital
expenditures.
The general decline in business fixed investment in 1949
also occurred in almost all other types of private gross
domestic investment: inventories, agricultural plant and
equipment, and residential construction. Gross private
investment and business fixed investment expenditures were
again moving up by the end cf 1949.
Post-Korean trends in capital expenditures

The tempo of capital goods spending increased rapidly
after the onset of Korean hostilities. Investment by every
major industry group expanded in the face of abnormally
large demand by both consumers and producers and in view
of anticipated price rises and material shortages. The
industrial pervasiveness of rising outlays lasted about one
year and brought the seasonally adjusted annual rate of
total nonmanufacturing capital investment in the first half
of 1951 to almost one-fourth above the corresponding
period of the previous year (table 2). The physical volume
increase in expenditures for productive facilities in this
period was about 10 percent, with even greater relative
expansion in transportation, mining and construction.
In early 1951, plant and equipment outlays by most
industries with little participation in the mobilization
effort—trade, services and finance—turned down. This
reduction in outlays reflected the easing in consumer demand
and governmental construction limitations and materials
allocations.
The decline in these areas was offset through the first
quarter of 1952 by the continuation of the expansion by
mining, public utilities, the rails and communications companies. These groups not only felt the pressure of rising
military demand upon their capacity but also were being
encouraged to expand their capacity by Federal aids through
the rapid amortization and other programs. Approved
investment under certificates of necessity through mid-1952
amounted to $3.3 billion for public utility companies (primarily in electric power), $2.7 billion for the rails, and $1.3
billion each for nonrail transport and mining companies.



3

1.50
3.86
7.48

1.50
3.97
7.49

1.50
3.85
7.40

1.47
4.14
7.27

1.46
4.18
7.03

27.69
12.74
.96
1.47

1.30
4.46
6.75

Data include trade, service, communication, construction.

Sources: U. S. Department of Commerce, Oih'ce of Business Economics, and Securities
Exchange Commission.

The most recent survey of capital spending intentions
indicate that electric power companies are planning substantial expansion in their rates of fixed investment during
the third quarter. Mining companies expect a moderate
increase in spending, other defense-related industries are
expected to maintain first half of 1952 rates of expenditures,
while further declines are scheduled during the third quarter
by commercial and other industries.
Total outlays by nonmanufacturing industries as a whole
in the third quarter of 1952 are expected to be somewhat
below first half rates, while manufacturers had scheduled
third quarter additions to productive facilities moderately
above the first six months of this year.
Relation to Fixed Assets
In the earlier article on capital investment by manufacturing industries it was indicated that some insight into the
size of the postwar expansion was afforded by comparison
with the book value of corporate gross capital assets at the
end of 1945. It was pointed out, on the basis of admittedly
rough adjustment for the different prices reflected in the book
value of capital assets and in postwar expenditures, that
approximately two-fifths of the gross stock of corporate
manufacturers' fixed capital at the end of 1951 was purchased
in the six years 1946 through 1951.
The new series makes possible similar approximations for
nonmanufacturing corporations—although subject to the
same substantial margin of error. Capital assets data are
not available for noncorporate firms which accounted in
1948 for somewhat less than one-fourth of total nonmanufacturing plant and equipment expenditures.
Total gross capital assets (excluding land) of all nonmanufacturing corporations totaled almost $86 billion at the end
of 1945 as compared to total capital outlays by these companies in the 1946-51 period of almost $54 billion. After
crude price adjustment to place both figures on a current
replacement cost basis, and allowing for the retirement of
facilities in the postwar period, it is estimated that approximately 30 percent of the gross stock of nonmanufacturing
fixed capital at the end of last year was less than six years old.

22

SURVEY OF CURRENT BUSINESS

As noted above, the comparable figure for manufacturing
corporations is 40 percent—and for manufacturing and nonmanufacturing corporations combined is 35 percent. If
present programs for this year are realized, about two-fifths
of all corporate productive facilities at the end of 1952 will
have been added in the seven years 1946-52. Manufacturing
and nonmanufacturing will have added 45 and 35 percent,
respectively.
Table 3.—Nomiianufat'luring Expenditures for New Plant and
Kcfuipmeiit, 1948

Industry
Total iionmanufacturiag

Corporate
Noncorporate..

12, ')25

1948, the benchmark year for this series. Most of these
data are presented for the first time.
Nonmanufacturing plant and equipment expenditures in
1948 totaled $13 billion, as compared with $9 billion for
manufacturers. Thus the former group accounted for almost
three-fifths of total business expenditures of $22 billion, as
defined in the joint Office of Business Economics-Securities
and Exchange Commission series. Allowing for sectors outside the scope of this series—agriculture with $4.5 billion of
fixed investment and professionals and institutions with outlays of about $1.5 billion—capital additions by manufacturing business (as defined here) accounted for more than
two-fifths of all plant and equipment outlays by private
enterprises in 1948. For all private fixed investment, including residential construction, the nonmanufacturing portion was down to somewhat over one-third.

9. 873
3,0^2

Investment by legal form

Mining..

Nonferrous metals
Iron and other metals
Petroleum and gas extraction
Coal arid other mining
Railroads

1,319

Transportation other than rail

1, 285

Oil pipeline
Air
Water
Transit and motor..
Communication _

1,712

Public utilities

2, 513

Electric,
Gas
Other. _ .

August 1952

1, 003
570
70

Corporations expended $10 billion, or over 75 percent of
total outlays by nonmanufacturing industries. Two-thirds
of the corporate investment occurred in public utilities,
transportation and communications, and an additional 10
percent in retail trade. Noncorporate retailers accounted
for about one-half of all noncorporate nonmanufacturing
capital outlays, services for an additional one-fifth and
nonrail transport (primarily motor) for 10 percent.
Investment by industry

These data indicate the tremendous increase in the nation's
capacity that has taken place since the end of the war.
Manufacturers will by the end of 1952 have added somewhat
under 50 percent to their 1945 productive capacity.
It is conceptually difficult to define capacity in sonic nonmanufacturing sectors. However, nonmanufacturing gross
fixed assets at the end of this year are expected to be 25 percent higher in real terms than at the end of 1945. .Examination of the data on corporate fixed assets and postwar
capital outlays indicates that the capacity increases have not
been uniform among nonmanufacturing industries. Substantial increases appear to have taken place in public
utilities, nonrail transportation and communications.

On a broad industry classification of the nonmanufacturing
sector, retail trade and public utilities had the largest volume
of capital expenditures in 1948—their expenditures of $2.5
billion each accounting in each instance for about one-fifth
of aggregate nonmanufacturing outlays. Electric power
companies (including mixed electric and gas interests) alone
made 15 percent of total outlays.1
Within retail trade, the food group was the most important
purchaser of plant and equipment, followed by general
merchandise stores. Communications was the third largest
nonmanufacturing industry with about one-eight of total
nonmanufacturing outlays, while the railroads and nonrail
transportation each spent about 10 percent of the total.
The capacity of the last two industries is worthy of note,
reflecting the strong secular growth in nonrail transport
facilities—particularly in motor trucks and buses where
additions to plant and equipment in 1948 were two-thirds as
large as those made by the railroads.
The importance of other industries is also shown in the
table. In the case of mining, it should be noted that a
significant proportion of capital outlays for mining facilities
(particularly in petroleum, iron ore and iionferrous metals)
are included in manufacturing due to these series being on a
company (rather than plant) basis. A somewhat smaller
amount of investment in manufacturing facilities, on the
other hand, is included in the present mining series.

Composition of 1948 Capital Expenditures
Table 3 gives a fairly detailed breakdown of nonmanufacturing capital expenditures, by legal form and industry in

1
The series on electric power outlays differs from those published by the Electrical World
and the Edison Electric Institute primarily in that the two latter series include municipally
owned plant, while the former is confined to private companies. On the other hand, the
present series, unlike the other two, includes outlays for gas facilities by mixed electric and
gas companies. It is mainly for this reason that the present series on gas companies is lower
than that published by the*American Gas Association.

Trade

3,158

Wholesale
Retail
Food stores
General merchandising ..
Apparel and accessories.._
Drug stores
Other retail
AHother
Service
Construction Finance

1, 038
298
660

Sources: Department of Commerce, Office of Business Economics, and Securitu
Exchange Commission.




SURVEY OF CURRENT BUSINESS

August 1952

Technical Notes
As defined above, the estimates of expenditures on new plant and equipment presented
here cover all private nonmanufacturing business except agriculture, professionals and individuals. The corporate segment is essentially on a Statistics of Income, 1948, base with the
same degree of consolidation and the same industrial and size classification. The B. I. K.
returns in these fields were generally unconsolidated while the industrial classification in most
respects was similar to the latest Standard Industrial Classification.
With certain exceptions, the nonmanufacturing estimates for the years 1945-50 are derived
from data on capital additions included in the annual reports required to be filed by corporations registered with the Securities and Exchange Commission. These reports, it may be
noted, and those collected from nonregistered manufacturers by the Office of Business Economics were also the primary sources of information for the manufacturing estimates. The
quarterly estimates of actual expenditures through the first quarter of 1952 and anticipated
expenditures for the second and third quarters this year are interpolations or extrapolations
generally based on quarterly figures for the more than one-half of the registered corporations
cooperating in the regular quarterly survey.
For those nonmanufacturing groups which were estimated on the basis of S.E.C. registered
companies the sample, in aggregate, accounted for 68 percent of corporate gross capital assets
in 1948 as reported to the Bureau of Internal Revenue. As indicated in the table, however,
the coverage varied considerably from industry to industry and also for subgroups within
major industries. In some of the minor segments it was necessary to use an admittedly deficient sample to determine the year to year movements. In the more important areas for
which sample data described above were deficient, more accurate estimates of expenditures
in 1948 were possible on the basis of external data, including Census of Business information
and, to a lesser extent, capital asset and depreciation data from Statistics of Income.
On the whole, however, the present series makes available reasonably accurate estimates
for nonmanufacturing as a whole, and constitutes a major improvement over the previous
series. The samples accounted for over 90 percent of the 1948 fixed assets in such industries
as tho railroads, communications, and public utilities. These industries made more than half
on all corporate nonmanufacturing capital expenditures in 1948, and over two-fifths of the
total including noncorporate firms.
Percentage of Corporate Gross Capital Assets Accounted for by
Sample Companies, by Industries, 1948 1
Industry

Percent

All nonmanufacturing,.

68

Mining
Nonferrous metals
Iron and other metals
Petroleum and gas extraction.
Coal and other mining

40
96
17
30
34

Railroads..

92

Transportation other than rail
Air transportation
Pipeline 2
Waters
Transit and motor transportation..

52
95
78
23
49

Communications
Public utilities
Electric and mixed utilities..
Gas
Other

82
28

Trade2
Wholesale
Retail
Food stores
General merchandising..
Apparel and accessories-.
Drug stores
Other retail

37
28
84
41
32
8

Allother 2
Service
Construction.
Finance

12
20
8
4

9

1
Based on gross capital assets (excluding land) as reported to the Bureau of Internal Revenue
for tho 1948 tax year, adjusted for corporations not reporting balance sheets.
2
The estimates for these groups were based on additional data.
Source: U. S. Department of Commerce, Office of Business Economics, and Securities and
Exchange Commission.

23

The universe estimates for 1948 were prepared separately for three asset size groups^ of corporations and for noncorporate firms within each industry. The sample data consisted of
tabulations, by size, of capital additions (excluding land and used plant and equipment) and
gross capital assets for practically all corporacions registered with the Securities and Exchange
Commission. For the year 1948, capital additions by corporations in the sample were stepped
up by the ratio of universe gross capital assets to sample gross capital assets separately for
each industry-size cell. Universe gross capital asset figures are from Statistics of Income,
1948, adjusted on the basis of total compiled receipts to correct for corporations not filing
balance sheets. The 1948 corporate universe estimates for each industry-size cell were then
carried backward and forward on the basis of the sample of registered companies.
Gross capital assets of the noncorporate universe were determined on the assumption that
within similar industries the ratio of gross capital assets to sales and operating receipts was
the same for both small corporations and noncorporate business. Data on the sales and operating receipts of partnerships and proprietorships available for 1947 from the Bureau of Internal
Revenue were extrapolated to 1948. An estimated ratio of capital additions to gross capital
assets was obtained by examination of the size differences among corporations taking into
consideration the generally smaller size of noncorporate business firms. This ratio was
applied to the gross capital assets of noncorporate business as determined above to arrive at
estimates of noncorporate capital additions. The smaller size groups of corporations in each
industry were used for the year to year trends.
Following are the procedures used for other industries:
Wholesale trade, retail trade and service. The 1948 benchmark estimates were derived for
noncorporate firms and separately for registered and nonregistered corporations. Estimates
for the lion registered corporate universe were based on capital expenditures data collected from
a small sample of establishments in the Post Enumeration Survey to the 1948 Census of Business. The ratio of capital additions to sales for the corporations in this sample weighted by
size and industry was auplied to sales and operating receipts of nonregistered corporations aks
reported to BIR inl 948. The capital expenditures available from all registered companies
were then added to obtain total plant and equipment expenditures by corporations in each
industry. The noncorporate ratio of capital additions to sales for each industry, also obtained
from the Post Enumeration Survey sample, was applied to noncorporate sales in 1948 (which
were derived by extrapolating sales reported by partnerships and proprietorships to BIR in
1947). The extrapolation prior to and after 1948 was based on the registered company data.
Oil pipeline. Based on data from the Interstate Commerce Commission's Statistics of Oil
Pipe Line Companies. The 1948 ratio of BIR gross capital assets to the investment in carrier
property reported to 1C C was applied to 1C C figures on expenditures for new construction and
improvements. The estimates for the other years were extrapolated according to the trend
in the ICC series. It should be noted that the ICC series is higher than the estimates used
here due to the inclusion in manufacturing and mining of some pipeline investment by major
oil companies. Quarterly data were interpolated by pipeline construction figures of the
Department of Commerce.
Railroads. Starting in 1947, quarterly and annual estimates for capital expenditures by
Class I railroads were taken from the quarterly data collected by the I. C. C. as part of the
quarterly survey conducted by the Office of Business Economics and the Securities and
Exchange Commission. Prior to 1947, annual data on gross capital expenditures of Class I
railroads collected by the Association of American Railroads which are on the same conceptual basis were used. Universe estimates for expenditures by other than Class I railroads
were based on capital outlay data for Class II and III railroads and for lessors (from the
I. C. C. Statistics of Railways) and on B. I. R. gross capital assets data.
Motor carriers. Sample data collected by the I. C. C. for Class I motor carriers served as
the basis for the annual estimate of capital outlays in the motor trucking industry and in
other motor vehicle transportation, using procedures similar to those for the registered sample.
Figures for two large registered taxicab companies were used to supplement the I. C. C, intercity bus data. Expenditures for other taxicab companies were imputed in the blow-up to
universe. Estimates of noncorporate expenditures were based on the B. I. R. 1947 partnership and proprietorship data as previously described.
Water transportation. Data on additions were built up based on Maritime Commission
information on ocean-going vessels, and on registered company, I. C. C., and Army Engineers data for internal water transportation. Data for some large nonregistered shipping
companies were also used.

Adjustment for business population changes
Adjustments were made where necessary in the estimates of plant and equipment outlays
to correct for biases due to changes in the business population which are not reflected in con$
stant firm sample data. Estimates of capital outlays by new trade firms in the 1945-47 period
were available from surveys of capital requirements of new business conducted by the Office
of Business Economics. These surveys and data on business births and deaths from the business population series of the OBE were used in deriving these adjustments.

Adjustment for seasonal variations
The seasonal factors used for correcting the actual expenditures data for changes due to
seasonal fluctuations were based on the "ratio to moving average" procedure. These factors
are admittedly crude since the period for which quarterly estimates are available is relatively
short and has been subject to many abnormal influences. In most series, however, the
seasonal variations were reasonably enough defined so that approximate factors could be

While nonrail transportation and mining had corporate coverages of 52 percent and 40
percent, respectively, the sample was unevenly distributed so that within these groups
air transportation and nonferrous metals each had samples accounting for about 95 percent
of gross capital assets, as compared to 23 and 30 percent, respectively, in water transportation
and petroleum and gas extraction. The industries subject to the largest margin of error are
trade, with 28 percent coverage, and the "all other" group, with only 12 percent. Within
trade, general merchandising was almost 85 percent covered, reflecting the high concentration
in this area of the larger sized companies. Except for trade and. service in 1948, no capital
expenditures data were available for unincorporated, business which accounted for almost 25
percent of nonmanufacturing capital expenditures in 1948. Noncorporate outlays are particularly large in trade and service.

somewhat arbitrary, the use of a median eliminates unusual deviat
in nature or result from significant changes in investment decisions.

Methodology

1939 estimates

The methodology used in the determination of the 1948 benchmarks and the estimation of
the year-to-year movements in the capital outlays by mining, communications, public utilities, construction, finance, airline and local transit companies is described below.

The 1939 estimates are somewhat less reliable than the later years and were prepared, in
order to provide a prewar comparison. In most industries the methods used were similar
to those for 1948, utilizing registered corporation, ICC, 1939 Census and other relevant data.




l l l H [ U t - LU CAJJCULCiUiUJlO U.CILCI,

tllC DUUiBUllCll l U i U U U l O <aCUCLlU.lll.OU. JLCM. rtAJl

>e applied directly to the unadjusted anticipatory statistics.
The procedure used here in removing seasonal variations in proje

SURVEY OF CURRENT BUSINESS

24

August 1952

INCOME ON INTERNATIONAL INVESTMENTS IN 1951
(Continued from page 9)

remaining increase in income which had to be remitted to
the United States, about $900 million, was less than the
increase in dollars earned through exports to the United
States by direct-investment enterprises over the same period.
In addition, foreign countries have been enabled to save
very large amounts of dollars by having the goods they need

produced outside of the United States rather than imported
from the United States.
Decline in income payments to foreigners
The decline of $39 million in income payments to foreigners
in 1951 was largely the result of two factors affecting directinvestment income. About half of the drop in such income
came about through the elimination of payments by certain
foreign-controlled companies whose income is derived
from foreign countries rather than from the United States.
The remainder reflected the unusually large amounts paid out
to policyholders by United States branches of foreign
insurance companies in 1951 on claims arising from windstorm and other damage—an experience shared by the
American insurance industry as a whole.

Table 5.—Income Received From American Direct Investments in
Selected Countries, 1949-51
[Millions of dollars]
Area and country

1949

All areas

1,469

1,632

97
9
2
4
2

108
16
2
8
3

123
7
2
12
3

2
3
70
4
1

2
5
62
8
2

4
7
76
10
2

77
1
11
16
12
37

90
1
14

101

__ _ _ _ _ ._ ___

OEEC dependencies, total
British West Indies
Malaya and Hong Kong _
Netherlands East Indies 0). _
Netherlands West Indies and Surinam
Other OEEC dependencies

1951

1,148

OEEC countries, total
Belgium
Denmark
France
Portugal
Sweden
Switzerland
United Kingdom _ _ .
Other OEEC countries
Undistributed

1950

. _ ..

0)

(i)

10
65

14
72

295

305

292

Latin American republics, total
Argentina
.
__ _
Brazil
Chile
_- _Colombia
Cuba
Mexico

425
49
35
18
44
13

664
8
76
43
18
69
34

731
17
83
51
18
76
42

Panama
Peru
Uruguay
_ _ _ . . _ . - - Venezuela
Other Latin American republics
__
.
Undistributed

34
13
3
161
43
5

20
14
4
324
49
5

39
33
7
278
73
14

Other foreign countries, total
Australia
-China
Egypt
India (including Burma, Ceylon, and Pakistan) __
Republic of the Philippines
Indonesia (1)
- _ __ _
Union of South Africa
Other foreign countries
_.
Undistributed

254
9

302
15

385
9

_ ._

_

..

0)

3

2

4

19
20

17
18

12
22

1949
Reinvested
earnings

436
269
78
89

972
545
186
241

443
291
45
107

1,132

83
66
6
11

170
122
13
35

75
55
11
9

162
107
18
37

OEEC dependencies
Manufacturing
Petroleum
All other

36
3
35

— 10

2

73
4
61
8

37
1
30
6

Canada
_ _
Manufacturing .
Petroleum
All other

144
108
12
24

407
284
24
99

225
158
21
46

487
338

147
71

232
89

76
55

___ _

OEEC countries
Manufacturing
Petr oleum _ _
All other

_

. ._

Latin American republics. __
Manufacturing
Petroleum, _ ___ _ ___ _
All other
Other foreign countries
M anuf acturing
Petroleum.
All other

i Netherlands East Indies entered under Indonesia in 1950 and 1951.

1951

Rein- Earnings
on comvested
mon
earnings
stock
All areas
_
M anuf acturing
Petroleum
All other

34
23
273
8

27
23
195
5

22
178
3

[millions of dollars]

15

Canada
_

Table 6.—Earnings on Common Stock and Reinvested Earnings of
Foreign-Incorporated Subsidiaries, 1949-51 by Area and Industry

591
244
297

1
—8
—3

c

37
39

69
74

26
21

90
46

19
25

-12
17

Earnings
Reinon comvested
mon
earnings
stock

703
365
206
132

1.404

128
80
33
15
2

226
136
46
44

644
387
373

—3
1

33
1
21
11

117

228
160
13
55

490
330
27
133

277
100

226
90

422
122

123
35

233
55

26

81
96

779
2

169
45

26
29

Earnings
on common
stock

83
41

(i)

90
46

73
15

168
132

125
53

i Less than $500,000.
Source: United States Department of Commerce, Office of Business Economics.

Source: United States Department of Commerce, Office of Business Economics.

New or Revised Statistical Series
Construction Cost Index, Composite (U. S. Department of Commerce): Revised Series for Page S-7 1
[1947-49=100]

1915
1916
1917
1918
1919
1920

28 3
31.3
38. 6
45.9
51.8
63.8

1927
1928
1929
1930
1931
1932

1921
1922
1923
1924
1925
1926

51.5
47.0
51 9
51.6
50.7
50 7

1933 1934
1935
1936
1937
1938

- -

1939

Month

Year

Year

50.4
50.3
51.5
49.8
45.6
39.3

January
February
March..
April
May
_.June

42.9
47.5
46.2
47.8
51.0
51.2

July
August ..
September
October
_._
November
December
Year

__ _
-

1940

1943

1944

1945

1946

1947

1948

1949

1950

1951

48.4
48.4
48.5
48.4
48.3
48.3

49.4
49.5
49.3
49.3
49.3
49.4

51.8
52.0
52.1
52.6
53.0
53.2

56.8
57.7
58.5
59.2
60.2
61.0

64.3
64.8
65.0
65.1
64.8
64.4

64.3
64.3
64.3
64.3
64.1
64.2

65.2
65.2
65.4
65.4
65.7
66.1

69.8
70.6
72.0
73.0
74.4
75.7

85.7
87.2
89.9
90.6
91.7
92.9

100.0
100.4
100.9
101.8
102.9
104.1

105.7
105.6
104.8
104.2
103.2
103.1

101.8
102.3
102.3
102.7
105.0
106.1

113.2
114.2
114.4
114.9
115.4
115.8

48.4
48.5
48.8
49.2
49.3
49. 5

49.2
49.3
49.8
50.4
50.8
51.2

53.7
54.6
55.2
55.5
55.7
56.2

62.0
62.4
62.8
63.1
63.6
63.8

64.4
64.6
64.7
64.5
64.5
64.5

64.2
64.2
64.4
64.3
64.6
65.0

66.7
66.9
67. 5
67.8
68.4
69.4

77.2
78.7
79.8
80.6
81.7
84.0

94.4
95. 3
96.2
97.5
98.1
99.1

105.6
106.3
107.1
107.1
106.7
105.9

101.9
101.4
101.6
101.8
101.8
101.6

107.7
109.6
110.2
110.1
110.4
111.8

116.1
116.3
117.0
117.5
117.6
117.5

48.7

49.7

53.8

60.9

64.6

64.3

66.6

76.5

93.2

104.1

103.1

106.7

115.8

i Compiled by the 17. & Department of Commerce, Building Materials Division (NPA).




1942

1941

Revision reflects use of new base period.

BUSINESS STATISTICS
J- HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1951 Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $1.50) contains monthly data for the years 1947 to 1950, and monthly averages for earlier years
back to 1935 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1947. Series
added or revised since publication of the 1951 Supplement are indicated by an asterisk (*) and a dagger (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.
Monthly averages for 1951 are shown in the March 1952 Survey of Current Business.
series will be found in the Weekly Supplement to the Survey.
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

Data subsequent to June 1952 for selected

1952

1951

June

July

August

September

October

November

December

January

February

March

April

May

June

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT f
Seasonally adjusted quarterly totals at annual rates:
National income total
bil of dol
Compensation of employees total
do
Wages and salaries, total
do
Private
do
Military
do
Government civilian
_
_ do
Supplements to wages and salaries
do
Proprietors' and rental income total cf do
Business and professionalcf
do
Farm
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment total
bil of dol
Corporate profits before tax total
do
Corporate profits tax liability
do
Corporate profits after tax
do
Inventory valuation adjustment
do
Net interest
do

280.2
181 0
172. 1
142.0

274.8
178 2
169.3
141.2
8.5

285.6
183 4
174.3
143.8

186.9
177.8
145.6

9.0
52.1
27.3
15.4
9.4

9.2
51.9
27.6
14.8
9.5

9.6

9.1

20.9

21.0

19.6
9.0
49.0
26.0
14 4

288.0
186 5
177.4
145.8

8.9

9.1

50.8
26.0
15.8

53. 1
26.6
17.0

8.5

9.1

9.4

41.2
43.3
24.5
18 8
—2.1

41.9
38.6
21.8
16.9
3.2

42.5
39. 5
22.2
17.3
3.0

6.4

6.5

6.6

—.1
6.7

1.7
6.9

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

329.3
204.5
26 3
111.3
66 9
65 2
23.5
25 4
16.3
o

330.9
206.4
25.5
113.2
67 6
56.2
22.4
24.9
8.9
1.1

337.1
210.5
25.3
116.2
69.0
52. 9
22.4
24. 7
5.8
2.6

339.4
213.2
25.2
118.0
70.0
50 0
23.7
25 7
.6
19

343.2
214.9
26.4
117.8
70.8
49.3
23.6
25.7
.1
.9

59 8
21 6

67.3
45.5
21.7

71.2
48.9
22.3

74 4
51.2
23 2

78.0
54.9
23.0

Personal income total
Less' Personal tax and nontax payments
Equals* Disposable personal income
Personal saving §

251 9
28.7
223.2
18.7

256.1
29.0
227.1
20.7

262.0
30.4
231.5
21. 1

263 0
32.5
230 5
17.3

264.4
32.9
231.5
16.5

do
do
do
do

00

0

r

PERSONAL INCOME, BY SOURCE f
Seasonally adjusted, at annual rates:
Total personal income
bil. of doL.
Wage and salary disbursements, total
do _
Commodity-producing industries
do
Distributive industries
do
Service industries
do
Government- _
do
Wage and salary receipts, total 9
do
Other labor income
do _.
Proprietors' and rental income _ . . d o
Personal interest income and dividends. .do
Transfer payments
_
do
Less personal contributions for social insurance©
bil. of dol..
Total nonagri cultural income

do

254.3
171.6
75.4
47.0
20.4
28.8
168.2
4.2
48.8
20.4
12.7

254.5
170.7
75.0
46.3
20.4
29.0
167.3
4.2
50.1
20.4
12.5

256.7
171.2
74.8
46.5
20.4
29.5
167.9
4.2
51.5
20.5
12.6

257.3
172.1
75.7
46.3
20.4
29.7
168.8
4.2
50.9
21.0
12.4

263.4
176.7
77.3
47.1
20.8
31.5
173.1
4.3
53.4
20.1
12.8

263.5
178.0
78.2
47.1
20.9
31.8
174.5
4.3
52.1
20.5
12.4

3.5

3.4

39

3.8

3.8

3.6

239.5

240.7

243.4

242.7

242.9

260.9
174.8
75.8
46.5
20.8
31.7
171.3
4.2
52.5
20.5
12.4

3.4

3.4

3.3

3.3

3.5

235.4

234.0

235.5

236. 4

239.1

262.5
176.7
76.9
47.0
21.0
31.8
173.4
4.4
51.2
21.5
12.3

263.4
176.0
77.5
46.7
20.8
31.0
172.6
4.3
53.3
21.1
12.1

261.7
174.0
75.9
46.5
20.7
30.9
170.5
4.3
53.4
20.8
12.7

241.7

261.9
177.3
77.7
47.0
20.8
31.8
173.9
4.3
50.7
21.0
12.4

r
r

264. 5
177. 9
'76.7
r
47. 7
21.3
32.2
r
174. 6
4.4
'51.7
21.5
P
12.6
r

266.0
178.6
76.8
48.2
21.3
32.3
175.1
4.5
52.8
21.4
12.5

3. 6

3.8

244. 9

245.3

NEW PLANT AND EQUIPMENT
EXPENDITURES J
r
r
r
All industries, quarterly total
mil. of dol. . rr 6. 665
i 7, 104
6, 715
6, 228
7, 421
r
r
r
Manufacturing
do
i 3, 251
2,r 802
2,r 841
2,r 742
3r ^35
Mining
do
1238
241
244
236
208
r
r
r
r
1391
Railroad
do _
394
354
432
362
r
r
r
r
Transportation, other than rail
do
1417
372
344
420
361
1
T
r
r
r
1
117
Public utilities
.
._
do ._
]
, 055
1
042
936
847
r
r
r
r
Commercial and other
do
i 1, 752
1, 872
1, 870
1, 949
1, 708
r
l
Revised.
Estimates for April-June based on anticipated capital expenditures of business.
fRevised series. Quarterly estimates of national income and product and quarterly and monthly estimates of personal income have been revised beginning 1949; see pp. 29-31 of the July 1952
SURVEY for the data.
<? Includes inventory valuation adjustment.
§Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross
national product above.
9 Derived by deducting employee contributions for social insurance from total wage and salary disbursements.
O Data through 1951 represent employee contributions only; thereafter, personal contributions of self-employed persons are also included.
J Revised beginning 1939. For revised annual data for 1939-51 and for quarterly data beginning 1947; see pp. 20-21 of this issue of the SURVEY.




S-l

SURVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

1951
July

June

August

September

1952
October

November

December

February

January

March

April

May

June

GENERAL BUSINESS INDICATORS—Continued
|

1

FARM INCOME AND MARKETING SJ
Cash receipts from farming, including Government
payments, total
mil. of dol
Farm marketings and CCC loans, total
do
Crops
do
Livestock and products, total
do
Dairy products
do
Meat animals
_
-do..Poultry and eggs
_ _ . _ . do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities
1935-39- 100. .
Crops
do
Livestock and products
do.
Indexes of volume of farm marketings, unadjusted:
All commodities
1935-39-100
Crops
_ do...
Livestock and products
do

2. 169

r

2, 143
606
1 , 537
437
753
296

2, 652
2, 641
1.085
1 , 556
408
833
285

2.992
2,985
1.315
1,670
393
960
295

3, 395
3, 387
1 , 642
1 745
348
1,058
325

4, 355
4, 345
2,294
2 051
341
1,350
348

3. 600
3, 583
1 705
1 818
316
1,097
397

3 115
3. 097
1 530
1 567
337
868
356

2 642
2,619
1 111
1 50S
' 330
924
243

323
214
405

398
384
410

450
465
440

511
580
459

655
811
540

541
624
479

467
541
412

395
393
397

303
226
361

314
222
382

310
202

123
84
152

151
153
148

168
186
154

184
218
158

219
273
178

180
102
172

160
168
155

145
137
151

115
82
140

119
76
151

223

214

220

222

220

217

217

218

232

223

229

232

230

229

227

°27

229

276
261
164
164
163
338
205
197
225

26*1
253
151
160
146
328
199
188
225

269
254
158
165
154
328
197
191
213

273
258
158
167
153
336
197
190
214

276
261
158
171
151
340
201
190
230

261
155
172
146
347
209
198
236

280
263
141
178
122
358
207
1%
235

280
261
142
175
125
359
216
206
243

281
261
148
176
133
?60
217
204
249

283
263
149
175
135
359
218
204
252

Stone, clay, and glass productsdo...
Cement
do
Clay products
..
.. . -do..Glass containers
do
Transportation equipment
- - do..Automobiles (incl. parts)
do

241
251
184
266
307
238

239
248
179
273
293
216

238
251
182
259
305
223

237
254
180
251
311
226

230
252
182
228
311
223

217
237
179
206
313
216

212
220
177
201
320
221

205
188
169
219
318
218

208
196
168
232
322
219

239
'327
r
222

Nondurable manufactures
do
Alcoholic beverages
._
do
Chemical products
do
Industrial chemicals.do. Leather and products
do
Leather tanning
do
Shoes.
do
Manufactured food products .
. . _do
Dairy products
do .
Meatpacking
. ._ ___do - .
Processed fruits and vegetables
do -

197
191
300
548
98
86
106
165
221
144
123

188
190
301
554
83
71
92
176
221
141
191

197
179
303
557
98
80
110
189
215
139
263

199
193
303
560
100
83
111
192
169
149
297

193
197
303
556
91
80
98
177
128
156
210

191
178
304
563
91
81
97
164
98
188
111

185
154
302
563
88
79
94
158
95
195
96

184
145
30°
562
100
86
110
151
86
193
83

186
152
300
562
109
%
118
149
97
175
84

184
155
298
563
108
86
122
148
116
165
^82

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

209
199
263
187
212
170
251
185
157
378
137
178

189
182
262
183
211
155
243
160
123
379
100
167

196
189
265
187
213
166
243
170
145
360
115
190

196
191
266
185
214
180
245
163
142
334
114
188

196
191
269
185
212
181
239
154
140
293
114
191

191
187
276
185
214
183
245
157
144
289
120
198

183
181
281
185
215
178
250
152
136
283
118
137

187
185
281
188
211
170
248
157
144
296
116
176

194
190
281
188
212
175
243
160
150
294
122
167

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

do _
do
do
do ._
do
do

169
169
86
133
191
171

161
160
66
105
192
166

170
171
77
134
194
167

171
172
79
137
195
166

176
179
104
147
199
163

169
178
99
152
196
115

159
170
86
135
193
89

162
175
91
147
194
88

162
174
77
135
199
91

158
170
68
122
199
90

r 13Q

r 164

221

212

217

218

218

219

218

221

222

221

216

r 211

P 203

231

222

226

228

226

228

228

231

°32

231

225

r 224

P 213

274
153
147
205
226
239
235
184
269

265
141
131
199
22fi
237
226
177
285

267
146
137
197
213
228
222
176
249

271
146
135
196
214
228
919
173
246

274
149
138
201
230
219
217
172
222

277
157
149
209
235
212
219
173
204

282
154
141
207
235
219
242
17°
216

282
159
150
216
243
217
233
182
223

284
162
154
217
249
224
257
177
239

r 2H5

277
152
143
91 q

r 277

P
P
„
P
P
T

2 043 !
2.010
' 638
1 379
' 330
809
227 I

2 122
2; 079
628
1 451
* 369
817
254

2. 100 |
2,053
571
1 482

389
812
262

r
r

2, 177
2,T 143
574
1 569
' 433
r
825
-272

2. 366
2, 346
847
1, 499

427
769
271

r

323
203
'413

354
299
31)5

116
64
155

r

123
69

139
10S

164

It .2

217

215

'212

v 204

228

224

"•224

P214

'278

'220
203
'260

p249
p 142
p 155
p 169
p US
p351
p210
p\95
P246

r 223

p224

241
' 164
260

p 165

390

r

r

INDUSTRIAL PRODUCTION
Federal Reserve Index
Unadjusted, combined index

1935-39=100

M anuf actures

do

Durable manufactures
... . do
Iron and steel
do
Lumber and products
.. .
do...
Furniture
do
Lumber
.
do-._
Machinery
do
Nonferrous metals and products
do
Fabricating
do
Smelting and refining
.. .do...

Paper and products
Paper and pulp
Petroleum and coal products
Coke
Gasoline
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 indexd"

_

___

.. ... .do . .

Manufactures
Durable manufactures
Lumber and products
Lumber
Nonferrous metals
Smelting and refining
_._
Stone, clay, and glass products
Cement.
.
_ __
Clay products
Glass containers
_
. __

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

T

r

21 2
200

' 167

r

158
149
218
252
922
244

245
145
167
133

245
152
r 169

J43
352
r

219
203

257

r

216
226
166

242
329
229
r

r

r

r

237
266

233

p 344
p 233

180

r!80

p 185

155
296
561
102
84
114
149
152
152
r
87

158
r 292

186
181
263

179
205
180
234

144
130
280
108
174
165
171
74
119
201

920
238

r 338

r 55S

176
p294
p557

105
90
115
>-154
197
147
r
93

p 104

182
175
'213

p 257

157
174
'238
' 151
135
f
287

p 161

217
147
182
177
p 213
p 175
p241
p 158

133
312

178

197

f 143

r- 148

r 140

73
107

141
128

r 99(3
r 260
r 217

230

r 17,5

r 171

r 164

239

242

9 43

F 160
74
102
p 191
v go

248
i4g
134
210
247
222
922
P 9 166
p 69

r 1^1
197
193
Nondurable manufactures
do
187
192
188
188
18 r>
189
190
188
183
P 185
J7()
178
Alcoholic beverages
do
184
178
1 C9
178
175
i ^n
176
188
174
171
1 57
302
993
P 2^7
305
Chemical products ... ... .do _ .
301
298
294
299
30fi
r 2Q3
298
300
297
99
Leather arid products
do
99
85
91
100
88
89
107
108
100
102
105
81
89
Leather tanning ..
do _ .
75
80
S4
84
78
79
86
90
86
90
r 16Q
165
1 r 'O
Manufactured food products
do
164
166
167
163
160
160
162
165
166
163
150
Dairy products. - _
do ...
148
143
140
150
137
136
137
138
142
146
148
147
Meat packing. _ _ . ... .
.do
145
162
152
17Q
146 •
168
157
163
168
162
182
165
148
r
160
Processed fruits and vegetables
do
147
139
121
163
152
123
128
133
150
-143
143
p 136
T
Revised.
P Preliminary.
JData through 1950 have been revised to incorporate changes in methods of estimation (notably for truck crops) and to reflect revisions of production, disposition, or price, Revisions,
extending back to 1910 in some instances, are shown on p. 23 of the December 1951 SURVEY.
c? Seasonal factors for a number of industries were fixed at 100 during 1932-42; data for these industries are shown only in the unadjusted series.




SURVEY OF CURRENT BUSINESS

August 10.'2

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

S-3
1952

1951
June

July

August

September

October

November

December

January

February

March

April

May

Juno

GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION—Continued
Federal Reserve Index— Continued
Adjusted cf— Continued
M anuf actures— C ontinued
Nondurable manufactures— Continued
Paper and products.
.--1935-39-100
Paper and pulp
do
Printing and publishing
.
_do
Tobacco products
do

208
198
171
171

190
183
166
161

196
189
174
183

197
192
179
177

196
191
177
185

191
187
175
194

184
182
174
147

187
185
175
176

193
189
177
175

192
188
177
174

185
181
175
184

182
175
170
178

182
176
» 176
189

165
145

156
132

165
134

167
137

174
144

170
122

163
122

167
125

167
128

164
125

166
141

' 141
147

*> 146
p 65

43, 052
22, 133
10.383
11,750
8, 679
2, 789
5, 890
12, 240
4, 186
8,054

41, 691
21, 249
9, 666
11,583
8, 384
2. 624
5, 760
12,058
3,967
8,091

42, 930
21, 677
10, 028
11, 650
8.824
2,770
6, 054
12, 429
4,133
8,296

41,215
20, 591
9, 508
11,083
8, 366
2, 686
5, 680
12, 258
4,138
8,120

44, 175
22. 463
10, 660
11,803
9, 161
2,842
6, 319
12,551
4, 189
8, 362

43, 648
22,214
10, 732
11,482
8, 942
2, 718
6, 224
12, 492
4, 036
8, 456

41,609
20, 761
9, 786
10,975
8,530
2,487
6, 043
12,318
3,918
8, 400

43, 989
22, 484
10, 941
11,542
8, 855
2, 586
6,269
12, 650
4,150
8,500

45, 144
23, 334
11, 493
11,841
8, 948
2, 696
6, 252
12, 862
4,390
8,472

42, 627
21, 914
10, 743
H, 171
8, 314
2, 495
5,819
12, 399
4, 083
8,316

44, 807
23, 324
11, 107
11,917
8.772
2,742
6, 030
12,711
4. 286
8,425

r
44, 637
'r 23, 105
11,481
' 11, 623
f 8, 434
2, 677
r
5, 757
' r13, 098
4, 587
' 8, 512

43,281
21,841
10, 291
11,550
8,401
2,718
5, 683
13, 039
4, 514
8, 525

Business inventories, book value, end of month
(adjusted), total
_
mil. of dol
Manufacturing, total
__ _ ._ do
Durable-goods industries
do
Nondurable-goods industries _.
. -do
Wholesale trade, total
do
Durable-goods establishments
...do
Nondurable-goods establishments
do
Retail trade, total __
___ _._do
Durable-goods stores
do
Nondurable-goods stores
>
do

69, 442
39, 009
19, 598
19,412
10, 151
4,887
5, 264
20, 282
9 562
10, 720

70, 268
39, 908
20, 304
19, 605
10,315
5, 045
5,270
20, 045
9,494
10, 551

70, 124
40, 621
20, 971
19, 650
10, 074
4,961
5, 113
19, 429
9,154
10, 275

69, 965
41,132
21,413
19,719
10, 072
4,918
5,154
18, 761
8. 693
10, 068

70, 068
41,424
21,817
19, 608
10, 099
4,926
5, 173
18, 545
8, 679
9, 866

69, 988
4] , 676
22, 205
19,470
10, 035
4,838
5, 197
18,280
8, 385
9,895

70, 107
42, 014
22, 675
19, 339
10, 000
4, 793
5, 207
18, 093
8,218
9, 875

70, 219
42, 206
22, 976
19, 230
9,952
4,834
5,118
18,061
8,197
9,864

69, 899
42, 192
23, 037
19, 155
9, 726
4,722
5. 004
17, 980
8,160
9,820

69. 972
42, 332
23, 209
19, 122
9, 753
4, 720
5. 033
17, 887
8, 075
9,812

70, 185
42,513
23, 387
19, 126
9,662
4,745
4,917
18,010
8,208
9,802

r 69, 914
42, 450
r 23, 458
MR, 992
r
9, 467
4, 695
' 4, 722
T
17, 997
' 7, 991
' 10, 006

69, 340
42, 096
23, 135
18, 962
9,507
4, 567
4, 940
17, 737
7,691
10, 046

MANUFACTURERS* SALES, INVENTORIES,
AND ORDER Sf
Sales:
Value (unadjusted), total
mil. of dol
Durable-goods industries
do
Nondurable-goods industries
do

21,912
10, 567
11,345

19, 601
8,820
10, 781

22, 458
10, 269
12,189

21.544
9. 937
1 ] , 607

24, 072
11.451
12,621

22, 240
10, 588
11,653

20, 810
9, 939
10,871

22, 039
10, 473
11,566

22, 137
10, 760
11, 378

22, 949
11,363
11,586

22, 761
11, 349
11,412

r
r
r

22, 347
11,173
11,174

21, 691
10, 533
11,158

22, 133
10, 383
2,054
1,064
1,000
1,760
1,734
449
292
713
548
225
544

21, 249
9,666
1,974
1,026
870
1,708
1,467
495
244
623
508
232
519

21, 677
10, 028
1,872
977
1,056
1,728
1,648
521
278
658
540
223
526

20, 591
9, 508
1,740
973
1,032
1,680
1,471
508
264
590
495
204
549

22, 463
10, 660
1,932
1,171
1,077
1,978
1,579
542
284
697
534
230
637

22, 214
10, 732
1,957
1,188
1,090
2, 095
1,627
587
289
618
526
232
523

20, 761
9, 786
1,853
1,076
1,034
1,926
1.356
610
242
.587
418
222
462

22, 484
10, 941
1.944
1,238
1,060
2, 232
1,602
624
240
666
499
288
549

23, 334
11, 493
1, 985
1,224
1,121
2, 316
1, 675
697
273
736
551
284
632

21.914
10, 743
1,876
1,130
1,080
2, 136
1,673
643
278
679
486
253
508

23, 324
11,407
1,922
1,210
1,067
2, 217
1,792
702
285
849
474
298
590

r
23, 105
r r11,481
1,904
'1,182
n , 094
' 2, 177
'1,881
"7.58
'301
'791
' 515
'290
••589

21, 841
10, 291
982
1,044
1,192
2, 079
1,888
685
321
788
480
262
569

11,750
3,151
599
272
1,279
841
315
686
748
1 , 543
1,884
433

11,583
3, 032
591
278
1,182
940
298
637
740
1,535
1,912
438

11,650
2,946
658
290
1,164
854
315
692
755
1,480
2,023
467

11,083
2,956
508
269
1 , 086
696
257
663
779
1,431
2, 000
435

11,803
3, 156
503
339
1,167
782
265
695
837
1,511
2,102
445

11, 482
3, 080
551
290
1. 066
787
206
658
829
1,486
2, 092
438

10, 975
2, 979
582
288
1,110
727
208
601
782
1,408
1,927
363

11, 542
3,012
586
325
1, 139
768
203
691
875
1,518
1,958
468

11,841
3,166
549
317
1.151
783
218
672
856
1.598
2,089
442

11,171
2,939
604
292
1,082
704
193
631
820
1, 510
1 989
407

11,917
3, 144
649
326
1, 220
799
208
610
898
1, 556
2,069
438

Ml,
623
r
3, 223
^ 652
311
' 1, 106
'758
220
' 608
'849
T
1, 564
' 1, 908
425

11,550
3,049
739
312
1,042
868
222
608
814
1, 508
1, 962

Minerals
Metals

do
do

BUSINESS SALES AND INVENTORIES! t
Business sales (adjusted), total
Manufacturing, total
Durable-goods industries
Nondurable-goods industries
Wholesale trade, total
Durable-goods establishments
Nondurable-goods establishments
Retail trade, total.
_
Durable-goods stores .
Nondurable-goods stores

mil. of dol
-do _ do
do _
do
do
do
. . do
..do.. .
. _ _ do

Value (adjusted), total
do
Durable-goods industries, total
do
Primary metals
do
Fabricated metal products
- _ -do
Electrical machinery and equipment-- -do
Machinery, except electrical. ..
do
Motor vehicles and equipment
do
Transportation equipment, n. e. s
do
Furniture and fixtures
do
Lumber products, except furniture
do
Stone, clay, and plass products
do
Professional and scientific instruments- do
Other industries, including ordnance. _ _ d o
Nondurable-goods industries, total
Food and kindred products.
B overages
Tobacco manufactures
Textile-mill products _ _
Apparel and related products
_
Leather and leather products
Paper and allied products. . __
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber products

do
_ do_
do
do
_ do
_ _ do_ _
_ do
_ do
do
do
_ _ do
do

r

Inventories, end of month:
Book value (unadjusted), total
Durable-goods industries _
Nondurable-goods industries

do
do
do_

39, 085
19 740
19, 344

39, 840
20, 383
19, 457

40, 283
20, 886
19, 396

40, 624
21,270
19,354

40, 958
21, 585
19,373

41,353
21,924
19,430

42, 047
22, 445
19, 602

42, 470
22, 852
19, 618

42, 583
23, 098
19. 485

42, 789
23. 446
19, 344

42, 683
23, 593
19, 090

' 42, 665
'r 23, 780
18, 884

42, 148
23. 305
18, 843

By stages of fabrication: 9
Purchased materials
Goods in process
Finished goods

do
do
do

16,010
9.823
13, 252

16, 128
10, 180
13, 533

16, 052
10, 186
14, 045

15,836
10, 561
14,227

16, 243
10, 682
14, 033

16, 388
10, 735
14, 230

16, 669
10, 924
14,453

16,491
11,228
14,751

16, 283
11, 581
14 7''()

16, 119
11,870
14, 800

15. 889
11,918
14, 876

r
T
T

15, 528
11,711
14, 909

15,774
12, 054
14, 836

Book value (adjusted), total
_
do
39, 009
39, 908
40, 621
41,424
41,132
41,676
42,014
42, 206
42, 332
42, 192
42, 513
42, 096
'42,450 ;
Durable-goods industries, total
. _. do
19, 598
20, 304
20, 971
21,413
21,817
22, 205
22, 976
22, 675
23, 209
23', 037
23, 387
'23,458
i
23, 135
r
Primary metals
do
2, 353
2, 426
2, 508
2, 602
2,816
2, 664
2, 687
2, 807
2,778
2, 819
2. 825
2, 859 i
2, 885
Fabricated metal products __
_ . _.do _ .
2,056
2, 133
2, 376
2,278
2, 439
2,431
2,410
2, 469
2, 438
2, 418
'2,426 i
2, 37ft
2. 438
Electrical machinery and equipment— -do
2,465
2,574
2, 684
2, 706
2, 736
2, 768
2, 915
2, 870
2. 948
2,977
3.025
'3,032 ;;
3. 003
Machinery, except electrical
. _ do
4.410
4,509
4,667
-1,770
4, 873
4, 995
5, 187
5, 278
5,112
5, 244
5,344 i; '5,319
5. 235
Motor vehicles and equipment
do
2,390
2, 455
2, 521
2,480
2, 633
2,731
2, 720
2. 663
2, 700
2, 675
' 2, 696 :'
2,670
2, 562
Transportation equipment, n. e. s _ do
1,473
1,960
1,657
1,757
2,098
1,879
2, 282
2, 320
2, 176
2, 368
2,120
'2,434
2, 402
Furniture and
fixtures
do
601
588
568
571
552
542
525
520
' 539
535
544
532
r
1,008
Lumber products, except furniture
do
1,018
1,017
1,05!
1,031
1 , 03(5
1,092
1,086
1,078
1 . 060
1,077
1,058
1. 037
Stone, clay, and glass products
_ _ do 801
837
837
836
Sl()
829
841
878
868
915
930
WO
Professional and scientific instruments, do
635
649
681
690
701
713
719
724
718
708
703
'709
720
Other industries, including ordnance, -do
1,406
1,458
1, 443
1,483
1,393 i
1, 379
1,437
1,416
1,428
1,404
1,431
1,424
1,430
r
Revised.
*> Preliminary,
cf See note mar ted "cf " 01
i p. S-2.
§The term "business" here includes only manuf acturing a ad trade. Business i nvcntories as shown cm p. S-l cc ver data fc r all types of productjrs, both fa rm and no nfarm. U nadjusted
data for manufacturing are shown below on pp. S-3 ind S-4; ti- ose for ret ill and win )lesale trar e, on pp. & -8, S-9, an d S-10.
f Revised series. All components of business sal es, invento ries, and o rders have been revisey,d', for app •opriate ex >lanations of changes and data t hrough 1950 (except f gures bcgii ining 1948
for retail sales and beginning 1946 for the indicated 01 ders series which ha ve been fur ther revise 1 and are a vailable u jon reques t), see pp. 15-24 of the October 1951 SURV EY. Mam ifacturers*
sales, inventories, and orders (except as noted) have been revise d bcginnii g 1948, whc>lesale trad e beginning; 1939, and retail trade beginning 1940; more over, the a<lootionofr eviscd indi istrv defi9 Data beginning December 1947 are shown on p. 7 of the March 1952 SURVEY.




SURVEY OF CUKEENT BUSINESS

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

August 1952
1952

1951

June

July

August

September

October

November

December

January

February

March

April

May

June

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 leather products
do
Paper and allied products
do
Printing and publishing
do
Chemicals and allied products
do -..
Petroleum and coal products
do
Rubber products
do

19, 412
3,542
1,254
1,642
3,214
1,687
691
887
694
2,771
2,420
610

19, 605
3,554
1,209
1,656
3,222
1,746
652
917
T02
2,850
2,481
616

19,650
3,619
1,161
1,668
3,190
1,686
622
924
711
2,906
2,523
640

19, 719
3,546
1,201
1,712
3,130
1,644
637
936
711
2,970
2,574
659

19, 608
3,545
1,200
1,766
3,048
1,498
607
942
711
3,004
2,582
705

19, 470
3,465
1,204
1,824
2,911
1,445
594
959
733
3,030
2,566
739

19, 339
3,386
1,193
1,836
2,814
1,446
567
1,005
757
3,000
2,535
799

19, 230
3 376
1 168
1,795
2 774
1,446
573
1,022
753
3,005
2,522
797

19, 155
3 451
1,224
1,770
2,670
1,384
546
1,051
760
2,996
2,500
804

19, 122
3 438
1,249
1,766
2 570
1,332
551
1,056
759
3,037
2,545
820

19, 126
3 435
1 244
1,776
2 586
1,263
543
1,087
753
3,038
2,570
832

r 18, 992

New orders, net (unadjusted), total J _ _ _ _do
Durable-goods industries total
do
Primary metals
- do
Fabricated metal products
do
Flectrical machinery and equipment
do
Machinery except electrical
do
Transportation equipment, including motor
vehicles and parts
mil.ofdol
Other industries, including ordnance ._
do
Nondurable-goods industries total
do -

24,054
13, 257
1,966
1,055
1,453
2,291

22, 556
12, 235
2,083
964
1,284
2,259

22, 962
11, 032
2,027
1,053
1,064
2,180

21, 536
10, 344
1,576
1,208
1,207
1,745

24, 289
11,956
2,445
1,252
1,188
1,966

22, 627
11,031
1,559
1,125
1,212
1,981

20, 767
10 312
1,876
951
1,454
1,906

22, 565
11 287
2,028
1 280
1 111
2,180

22, 071
10 876
1,669
1 174
1,341
2,134

23, 133
11 712
1 802
1 051
1,938
1,964

23, 113
11 893
2 015
1 167
1 206
2,013

r

1, 848

23, 169
11,519
1,600
1 140
1, 553
2,209

4,349
2,143
10, 797

3,340
2,305
10,321

2,328
2,380
11, 930

2,396
2,213
11, 192

2,612
2,494
12, 332

3,151
2,004
11,596

2,605
1,521
10, 455

2, 475
2, 213
11 278

2,427
2,132
11, 195

2,766
2,190
11,422

3,034
2, 458
11 220

2, 514
' 2, 302
r
11 137

2,656
2,362
11, 651

Unfilled orders (unadjusted), totalt
- do
Durable-goods industries, total
do_
Primary metals
do
Fabricated metal products
- do_ _
Electrical machinery and equipment
do
Machinery except electrical
do
Transportation eauipment, including motor
vehicles and parts
mil.ofdol
Other industries, including ordnance do
Nondurable-goods industries, total _ _ _ __do

60, 290
54, 083
8,569
5,842
6,008
10, 144

62, 775
57, 029
8,919
5,882
6,530
10, 803

63,177
57, 792
9,000
5,814
6,599
11, 251

63, 169
58, 199
8,768
5,926
6,776
11,304

63, 386
58, 705
9,168
5,881
6,809
11, 242

63, 772
59, 148
8,774
5,834
6,898
11, 313

63, 729
59, 522
8 725
5,730
7,197
11, 281

64 256
60, 336
8 775
5,882
7,291
11 380

64, 189
60, 452
8 532
5,947
7,538
11, 328

64 373
60 801
8 342
5 843
8,318
10,980

64 725
61 345
8 536
5 860
8,432
10 691

r

64 053
60, 710
8 415
' 5 830
r 8, 478
r
10 282

65, 486
61, 651
8 987
5,879
8,857
10, 261

17, 220
6,299
6,206

18, 679
6,216
5,746

18, 916
6,212
5, 385

19, 299
6,127
4,970

19, 663
5,941
4,681

20, 652
5,677
4,624

21, 221
5,368
4,208

21, 544
5,464
3,920

21 706
5,400
3,737

22 002
5,317
3,572

22 495
5 330
3,380

* 22 480
T
5 224
r 3, 343

22, 519
5,148
3,835

7,915

7,835

r 3 412
r 1, 251

1,793
r 2 539
T
1, 290
r
535
r
I , 069
r
725
r 3, 031

*2 506

18, 962
3,335
1,233
1,782
2,539
1,318

528

1,059

713
3,058
2,564

833

21, 674
r
10 538
T
1, 702
r
1 087
r 1 085
r

r

r

r

BUSINESS POPULATION
OPERATING BUSINESSES AND BUSINESS
TURN-OVER
Operating businesses end of quarter total
thous
Contract construction
do
Manufacturing
do
Service industries
do
Retail trade
do
Wholesale trade
- - --do. -All other
do

4, 016. 4
377.5
308.0
858.3
1, 673. 7
207.5
591.5

4, 012. 1
379.0
305 3
858.0
1,r 668. 4
207. 7
593.7

4 014 0
380 3
304 3
859 6
1 664 0
208 4
597 5

New businesses quarterly total
Contract construction
Manufacturing
Service industries
Retail trade
Wholesale trade
All other

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

109.9
19.4
12.9
19.2
38.3
4.5
15.5

91.4
14.9
92
16.5
33 7
3.7
13 4

82 4
12 8
88
15 3
29 l
39
12 5

Discontinued businesses quarterly total
Contract construction
M^anufacturing
Service industries
_
Retail trade
W'holesale trade
All other

do
- do_
do
do
- do.
do
do

101.0
14.2
11.6
18.1
41.5
3.7
11.9

95 7
13.3
11 8
16.8
39 0
35
11 2

80 6
11 6
99
13.7
33 6
31
88

do

102.4

102 4

83 7

Business transfer" quarterly total §

BUSINESS INCORPORATIONS^
6,810

6,428

6,496

5,950

6,812

6,289

6, 913

8,357

7,138

7,902

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

699
43
71
129
390
66

665
55
74
130
340
66

678
56
89
136
333
64

620
39
84
150
277
70

643
57
85
150
304
47

587
48
68
106
307
58

612
48
71
131
296
66

671
50
68
143
348
62

619
52
70
133
304
60

715
55
72
148
371
69

780
58
93
171
375
83

638
60
75
111
333
59

671
52
78
128
340
73

thous. of dol._
do
- do
__do_ __
do
- do

22, 773
1,006
3, 085
5,014
7,434
6,234

21,088
1,398
2,666
7,790
4,778
4,456

26, 417
1,358
4,290
10, 497
6,173
4,099

26, 643
782
4,668
14, 908
4,826
1,459

29,742
2,044
1,937
12, 219
6,707
6,835

17, 567
952
3,740
6,158
4,369
2,348

19, 403
1,874
2,251
6.515
5,177
3, 5S6

26, 208
4,249
2,672
8,365
7,761
3, 161

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

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

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

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

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

New incorporations (48 States)

number. _

8,284

INDUSTRIAL AND COMMERCIAL
FAILURESc?
Failures, total
_ __
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
-Liabilities, total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade

_ -

--

'Revised.
*> Preliminary.
f Revised series. See corresponding note on p. S-3.
cf Data are from Dun & Bradstreet, Inc.
J A release, available upon request, provides data back to 1939 and all revisions issued through June 1952.
§Revisions for 1944—1st quarter 1951 appear in corresponding note in June 1952 SURVEY.




SURVEY OF CURRENT BUSINESS

August 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

S-5
1952

1951

June

July

August

September

October

November

December

January

February

April

March

May

June

COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products§
Crops
_ _ _
Food grains
Feed grains and hay
Tobacco
Cotton.
Fruit
Truck crops
Oil-bearing crops
Livestock and products
_ _
Meat animals
Dairy products
_ _
Poultry and eggs

1910-14=100.do
do___
do
do
do
do
do
do
_do
do
_do
do

301
263
240
217
438
353
200
189
358
335
422
269
217

294
252
236
213
438
329
175
204
317
332
414
272
222

292
244
234
215
430
291
207
181
294
336
416
277
231

291
239
233
216
423
283
201
161
288
337
411
283
247

296
247
239
219
445
304
188
171
296
340
410
294
247

301
267
249
224
424
345
172
249
307
332
387
305
249

305
280
253
233
440
339
177
331
309
328
379
314
233

300
277
251
234
431
325
171
337
303
320
376
316
200

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

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

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

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

Prices paid:
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. -

271
270
r 272

271
270
273

271
270
273

271
268
275

272
268
277

274
271
277

273
272
275

275
271
278

276
271
281

275
270
280

276
271
280

276
271
281

273
272
273

282

282

282

282

283

284

284

287

288

288

289

289

286

107

104

104

103

105

106

107

105

100

100

100

101

102

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

206. 4

206 6

206 1

207 4

209 0

210 3

°10 8

210 9

208 9

208 7

209 7

r 210 3

210 5

Coal (U. S. Department of Labor indexes):!
Anthracite, chestnut__.
1935-39=100-Bituminous, all sizes
do

207.3
201.8

215 2
207 3

215 2
207 3

215 2
207 3

215 2
207 3

213 0
207 3

200 2
20^ 0

201 0
205 0

Consumers' price index (U. S. Dept. of Labor):
All items
1935-39 = 100..
Apparel
._
...
_
do
Food
do
Cereals and bakery products
do
Dairy products
__.
do
Fruits and vegetables
do
Meats, poultry, and
fish
_
_do
Fuel, electricity, and refrigeration
do
Gas and electricity _ _
do
Other fuels
do
House furnish ings
_
__do
Rent
do
Miscellaneous
__
do

185.2
204.0
226.9
188.4
203.9
219.9
271.6
143.6
97.1
202.8
212.5
135.7
164.8

189.1

188.0
203 5
227 6
191 2
215 7
232.1
267 7
145 3
97 9
206.8
207 6
140 5
170 7

188.7

230 0
191 1
212 6
247.2
266 7
145 3
98 0
206.1
206 2

189.0
202 3
230 8
193 8
210 6
253.8
266 0
144 6
98 2
203.1
205 4
141 3
171 4

Parity ratioQ -

__ _ ___

do _ _ -

"

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

RETAIL PRICES

212 3
204 7

185.5
203 3
227 7
189 0
205 1
218.5
273 2
144 0
97 2
203.7
212 4
136 2
165 0

185.5
203 6
227 0
188 7
205 9
208.9
275 0
144 2
97 3
204.2
210 8
136 8
165 4

186.6
209 0
227 3
189 4
206 4
205.1
275 6
144 4
97 3
204.9
211 1
137 5
166 0

187.4
208 9
229 2
189 4
207 9
210.8
276 6
144 6
97 4
205.8
210 4
138 2
166 6

188.6
207 6
231 4
190 2
210 4
223.5
273 5
144 8
97 4
206.3
210 8
138 9
168 4

189.1
206 8
232 2
190 4
213 2
236.5
270 1
144 9
97 5
206.6
210 2
139 2
169 1

932 4
190 6
215 8
241.4
272 1
145 0
97 6
206.8
209 1
139 7
169 6

187.9
204 3
227 5
190 9
217 0
223.5
271 1
145 3
97 9
206.7
208 6
140 2
170 2

9Q4 6

2Q9 7

1 40 8

171 1

1

189. 6
202 0
231 K
193 3
209 8
250.0
270 6
144 8
98 4
203.4
204 4
141 6
172 5

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

115.1

114 2

113 7

113 4

113 7

113 6

113 5

113 0

112 5

112 3

111 8

111 6

111 3

Farm products...
_
do
Fruits and vegetables, fresh and dried— do
Grains
do
Livestock and live poultry
do

113.9
94.2
94 7
119.9

111 1
90.8
94 3
118 6

110 4
89.4
95 8
118 2

109 9
92.8
96 6
116 2

111 5
96.1
101 1
114 5

112 0
106.9
103 9
108 5

111 3
117.4
105 1
107 5

110 0
121.5
103 6
106 7

107 8
112.6

108 2
123.9

108 7
127.3

r 107 9
128.9
QQ 0

107 3
124.3

106 2

IQPj

2

1Ofi fi

108 9

107 9

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

111.3
106.2
106.5

110 7
106 2
106 7

111 2
106 7
107 9

110 9
106 4
106 1

111 6
106 8
108 5

111 0
107 8
111 1

110 7
107 9
113 0

110 1
107 5
113 2

109 5
107 4
115 1

inn n

107 5

108 O
107 4,
119 9

108 6
107 0
e

108 7
106 7
1 10 1

104.4
117.2

103.5
116 8

103.4
117 5

104.7
118 3

105.6
119 5

106.1
115 8

106.2
113 6

105.7
113 5

104.9
mo

104.6

* 104. 2

Q

119 1

103.9
1 in a

Commodities other than farm products and
foods
1947-49=100Chemicals and allied products
_
do
Chemicals, industrial
do
Drugs, Pharmaceuticals, cosmetics .. .do
Fats and oils, inedible
do
Fertilizer materials
do
Paint and paint materials
do

116.2
110.2
120 9
95.7
88.5
103.5
108.7

115.7
108 8
120 4
95.6
70.0
107 1
107 8

114.9
108 5
120 4
95.6
70.4
107 2
107 4

114.8
108 7
120 7
95.6
73.0
107 2
108 0

114.6
108 8
120 9
95.6
71.8
107 5
108 7

114. S
108 6
1°0 9
95.0
65.2
108 1
109 8

114.6
108 4

114.3
106 7
118 1
94.8
56.8
109 4
109 3

114.2
105 9

113.8
105 4

113.3

113.0

112.6

92.7
42.6

'92.2
r
47. 2r

m

92.2
52.0
mo. Q

106.3

' 106.0

106.0

Fuel, power, and lighting materials
do
Coal
do
Electricitv
do
Gas
__
do
Petroleum and products
do
Furniture and other household durables
1947-49=100-.
Appliances, household
do .
Furniture, household _
do
Radios, television, and phonographs__do_ __

106,3
108 1
98.0
97 2
110.4

106.5
107 2
98 5
97 5
110 8

106.3
107 5
97 4
98 0
110 8

106.7
108 4
98 0
98 4
110 9

106.8
108 7
98 0
99 2
110 9

106.9
108 8
98 0
99 2
110 9

115.0
108.1
116.5
92.6

114.4
107 6
115 9
93.6

113.5
107 7
115 6
93.2

113.1
108 0
115 5
92.9

112.8
107 9
115 4
93.0

Hides, skins, and leather products
Footwear..
Hides and skins
Leather

do
do
do
do

124.7
122 6
129.4
132 6

122.3
122 1
124.0
127 7

118.0
122 0
113.3
118 7

118.0
121 9
111.5
120 4

Lumber and wood products
Lumber.
_

do
do

124.6
124 2

123 5
123 0

122 3
121 7

121 6
120 9

1 9O 8

95.2
61.5
108 9
109 9
107.4
ins Q
98 0

107.4
I AQ Q

1O1 7

104.8
•I - I f )

m

e

93.4
51.2

1 AQ ft

1 09 O

m

q

f
r

93.1
47.3

7

1 OQ A
1 O7 Q

107.2

107.4

QO f\

QQ 1

•I AO

m

"[QA Q
i -I f i

QC

A

1O4. 9,

110 8

98 0
106 t>
110 8

112.7
107 9
115 5
93.0

112.7
108 2
115 1
93.0

112.3
108 0
113 6
93.1

112.4

93.1

90.7

90.7

90.7

90.7

113.6
119 4
109.5
110 1

107.0
118 0
87.6
inn °.

105.1
116 5
81.7
QO 7

102.2
115 9
69.7

99.5

• 98.0

94.1

'94.7

95.9

63.7

59.6

49.7
84.4

'58.1
r
84. 5

59.5
88.9

121 7
121 1

121 1
120 8

120 3

infi fl

19O 4

Q7 n

1 AK

m

A

108 O

110

C

m

7

f>

111.9

1 O7 A
•I 1 0

r QS n
10Q Q

112.1

'111.7

r 1O7 °.

111.6

A

1 9Q 1

m

A

120.0
121. 3
Machinery and motive products
do
118.6
118.9
118.8
119.4
120.2
120.5
120.7
120.8
122.0
121.8
121.5
121.6
121.6
Agricultural machinery and equip. do
120.3
120.1
120.1
120.2
120.1
120.2
120.2
121.5
121.8
121.8
121. 5
121.5
121.6
Construction machinery and equip.. .do
123.6
123.7
123.7
123.7
123.8
123. 6
124.0
124.6
125.2
124.9
'r 125. 3
124.9
125.3
121.8
Electrical machinery and equipment- .do
122.2
122.1
122.1
121.8
122.1
121.8
121.5
121.6
121.5
120. 8
120.2
120.9
11Q -7
112.2
Motor vehicles
do
117 1
ion n
i9n n
110 t
iifi. a
Iifi K
i in 7
116.0
112.8
114.1
112.5
T
Revised.
i Index on old basis for June 1952 is 191.1.
§Jul 19 2 ij dexes: A1 farm
«,o
l ^ j
!
Products, 295; crops, 276; food grains, 230; feed grains and hay, 227; tobacco, 436; cotton, 311; fruit, 214; truck crops, 287; oil-bearing crops, 307; livestock andyproducts,
312; meat animals, 376; dairy products, 286; poultry and eggs, 208.
uuuw>,
9Ratip of prices received to prices paid (including interest, taxes, and wage rates).




SUEVEY OF CURRENT BUSINESS

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

August 11)52
1952

1951

July

June

August

September

October

November

December

January

February

March

April

May

June

COMMODITY PRICES—Continued
WHOLESALE PRICESd*— Continued

TJ. S. Department of Labor indexes (revised) :J — Con.
Commodities other than farm prod., etc.— Con.
Metals and metal products
1947-49=100-Heating equipment
_ _ _ do __
Iron and steel
do
Is! onferrous metals
do _
Nonmetallic minerals, structural
do
Clay products
do _
Concrete products
do_ __
Gypsum products
do _Pulp, paper, and allied products
Paper
Rubber and products
Tires and tubes
Textile products and apparel
Apparel
Cotton products
Silk products
Svnthetic textiles
Wool products
.
-

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

Tobacco mfrs. and bottled beverages _ _do .
Beverages, alcoholic
do
Cigarettes
__do

122.7
114.6
122.9
123.2
113.6
121.4
112.4
117.4

122.3
114.4
123. 0
121. 5
113. 6
121.4
112.4
117.4

122.2
114.5
123 1
121 6
1 13. 6
121 4
112.4
117.4

122.1
114. 5
123 1
122 0
113.6
121 4
112.4
117 4

122.4
114 6
123 1
124 0
113. 6
121 4
112 4
117 4

122.5
114 4
123 1
124 1
113.6
121 4
112 4
117 7

122.5
114 5
123
1
194 2
112.8
121 4
112 4
117 7

122.4
114 0

120.2
117.6
148.3
133. 9
112.9
103. 7
116.0
133.7
98.0
151.7

120.2
118. 3
144. 3
133.9
111.6
105. 0
113.0
116.1
96.7
145. 5

119. 5
119.8
144 3
133. 9
108.5
104 5
106. 9
112.3
94.0
140.0

119.4
121. 5
144 7
133 9
105.9
104 1
102 5
117.9
92.9
129.8

118.8
122 1
144 7
133 9
103.9
103 3
100 8
122.5
91 5
120.8

118.4
122 4
144 6
133 9
103 9
102 3
102 3
123.2
91 5
122.0

108.4
107.0
105. 7

107.9
106.1
105. 7

107.8
105. 8
105. 7

107.8
105. 8
105.7

107.5
105.8
105.7

45.4
54.0
44.1

45.8
53.9
43.9

46.0
53.9
44.1

46.1
53.6
44.0

46.0
53. 4
43.6

124 2
112.9
121 4
112 4
117 7

122.6
114 0
123* 2
125 0
112'. 9
121 4
112 4
117 7

122.6
114 0
123 2
124 9
112.9
121 4
112 4
117 7

122.5
113 9
123 0
124 8
112.8
121 3
112 4
117 7

r

121.8
113 7
122 8
192 0
112.9
121 4
112 4
117 7

121. 1
113 6
122 4
120 2
113.8
121 4
112 4
117 7

118.4
122 4
144 3
133 4
104 0
102 1
103 3
125.3
91 7
120.3

118.2
129 8
144 1
133 4
103 3
101 7
102 8
128.0
91 4
118.0

118.3
123 7
143 1
133 4
102 1
101 7
101 0
130.2
89 9
114 4

117.7
123 8
142 0
133 4
100 6
101 6
99 6
129.1
87 3
111 8

117.4
123 5
140 6
133 0
99 9
101 2
98 6
128.4
86 7
109 2

' 116.9
123 5
140 4
133 0
r
99.3
100 8
97 2
128.8
r
86 8
r
111.7

116.7
124 2
133 6
130 5
99 0
100 5
95 4
129.8
88 6
112 8

107.5
105.9
105. 0

108. 1
105. 9
107 3

108 1
105.9
107 3

110 8
111.2
107 3

110 8
111.2
107 3

110 8
111.2
107.3

110.8
111.2
107.3

110 8
111.2
107 3

46.0
53 0
43.2

46.0
52.9
43.1

46.3
52 9
43.0

46.5
53 2
44 0

46.5
53 2
43 9

46.7
53 0
43.5

46.8
52.9
43.3

46.9
52 7
43.2

]93 ]

r

PURCHASING POWER OF THE DOLLAR
As measured byWholesale pricest
Consumers' prices
Retail food prices

-

1935-39=100..
do _
do __

CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY 9
...mil. of dol..

2,810

2,873

2,942

2, 934

2,893

2,660

2,394

2,193

2,102

2, 345

2,541

r

2, 778

2, 980

Private total
do
Residential (nonfarm)
do
New dwelling units
do
Additions and alterations
do
Nonresidential building, except farm and public
utility, total
mil. of dol. .
Industrial
do
Commercial
do
Farm construction
do
Public utility
. d o ..

1,933
957

1,971
956
847
92

1,955
958
849
93

1,908
963
858
91

1,818
930
832
84

1 674
840
760
66

1 518
720
650
57

1 464
676
600
63

1 616
799
710
77

1 690
849
750
87

r

853
88

1,968
965
857
91

1r 811
922
810
'99

1, 925
979
860
104

465
180
131
180
326

471
195
121
191
336

465
204
108
194
350

460
210
101
179
352

440
205
95
148
351

425
200
96
126
331

415
200
92
110
303

415
209
83
110
267

407
209
76
113
263

397
201
74
123
292

386
194
73
136
313

392
188
82
157
333

408
185
93
171
359

877
47
310
77
265
82
96

905
47
315
86
282
80
95

971
56
324
108
314
77
92

979
63
319
129
303
77
88

985
66
318
147
293
78
83

842
68
300
136
187
76
75

720
66
289
116
111
72
66

675
65
282
113
90
62
63

638
62
268
105
90
56
57

729
59
301
122
115
65
67

851
57
334
135
175
74
76

967
55
351
150
250
r 77
'84

1,055
55
370
153
310
81
86

28, 832
36, 323
931, 768 1,234,339
502, 416
323 736
731,92?
608, 032

31,842
902, 091
296, 897
605, 194

33, 767
45, 041
50, 097
885, 206 1,321,254 1,597,517
636, 357
554 050
338 662
961, 160
767, 201
546, 544

New construction, total

Public, total
-. - do .
Residential
do
Nonresidential building
_ . do
Militarv and naval
do
Highway
. . do ..
Conservation and development
do
Other types
.
do. ..

r

CONTRACT AWARDS
Construction contracts awarded in 37 States (F. W.
Dodge Corp.):
44, 755
44, 334
46,319
42, 435
42, 735
Total projects
- -- number .
Total valuation
thous. of dol 1 , 408. 932 1,379,830 1,262,811 1, 082, 855 1,051,419
583,146
486, 452
317, 731
615,370
306 604
Public ownership
do
764, 460
776, 359
765, 124
744,815
Private ownership
do. _ ~ 825, 786
Nonresidential buildings:
Projects
Floor area
Valuation
Residential buildings:
Projects
Floor area
Valuation
Public works:
Projects
Valuation
Utilities:
Projects
.
Valuation.,-

numberthous. of sq. ft
thous, of dol- -

4,463
41,162
553, 280

4, 496
39, 926
536, 533

4,170
36, 700
475, 957

4. 558
36, 273
404, 462

4,775
34, 782
418, 203

3,618
27, 61 1
327. 706

3, 262
43,016
503, 007

3, 325
24, 868
357, 676

3,472
24 941
301, 404

4,311
33, 345
463, 276

4,449
39, 343
562, 256

.

-. numberthous. of SQ. ft
thous. of doL

37, 588
60, 496
545, 152

37, 1 73
58, 823
548, 1 44

39, 864
60, 372
567, 566

35, 789
52, 438
479,716

36,152
52, 454
496, 247

31. 102
47, 248
443, 884

24, 204
37, 985
346, 104

27, 380
37 423
337, 721

29 069
45 380
396 438

38, 860
65 422
592,717

43, 447
73, 847
681,614

-

number
thous. of doL

2, 204
183,973

2,151
190,884

1,927
160,368

1 , 756
141,335

1 , 457
101,903

1 , 233
117.809

1,064
138,859

840
130.814

930
124,885

1 429
193,714

number.
thous. of doL .

500
126, 527

514
104,269

358
58, 920

332
57, 342

351
35, 066

310
42, 369

302
1 56, 369

297
75, 880

296
62, 479

441
71, 547

234
192
200
174

177
182
162
179

163
175
156
176

149
169
147
168

134
156
140
160

141
141
156
146

134
124
166
145

132
118
161
142

136
145
156
163

166
183
164
174

.

Value of contract awards (F. R. indexes) :f
Total unadjusted
1947-49—100
Residential unadjusted . _ .
do
Total adjusted
do
Residential adjusted
do
Engineering construction:
Contract awards (E. N. R.)§

thous. of dol.. 1,027,087 1,378,640 1,145,715

917.158 1 , 026, 973 1, 024, 775

829, 1 73 1, 196, 798

T

5, 088
37 346
462, 863

5, 022
41, 725
551,500

55, 759
8? 579
753, 755

43,012
62,176
581, 792

1 814
241, 740

2 353
219, 628

2, 266
245, 969

3*7
111,907

509
127,414

545
109, 589

203
221
108

202
210
173
190

p

196
222
171
189

r

r

r 186

788, 429 1,042,851 1.180,340 1,433,642 1. 140, 654

Highway concrete pavement contract awards:©
4,342
2, 856
i 4, 159
4, 508
9,248
3, 757
3,487
5,411
Total
thous. of sq. yd . - r 7, 571
3,723
2,841
714
458
275
4, 335
'413
671
621
879
427
Airports
do
r
1
1,436
1,681
803
2,840
I , 948
1, 814
2, 197
1,497
3 289
Roads
do
988
2,202
2,782
i 1, 549
2,358
1,777
2,073
1,271
1,369
1,695
1,856
Streets and alleys
do
»• Revised.
1 Data include some contracts awarded in prior months but not reported.
cfFor actual wholesale prices of individual commodities, see respective commodities. JSee note marked "f" on p. 8-5.
fRevised series. Purchasing-power data are based on revised price indexes shown on p. S-5; for revisions through 1951, see p. 24 of the June 1952 SURVEY.
reflect use of new base period; revisions prior to 1951 will be shown later.
9 Revisions for January-March 1951 are shown at bottom of p. S-4 of the June 1952 SURVEY; revisions for 1947-50 will be shown later,
§Data for August and November 1951 and January and May 1952 are for 5 weeks; other months, 4 weeks.
©Data for August and November 1951 and January and May 1952 are for 5 weeks; other months, 4 weeks.




50, 845
63, 709
1,563,660 1, 488, 850
559, 140
557 S03
929, 710
1,005,857

r

5,386
238
2 901
2,248

0,702
791
3 128
2, 783

7,047
843
3,401
2, 803

Indexes of contract awards

SURVEY OF CURRENT BUSINESS

August 1952

S-7
1952

1951

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

June

July

August

September

October

November

December

January

February

March

April

May

June

CONSTRUCTION AND REAL ESTATE—Continued
NEW DWELLING UNITS AND URBAN
BUILDING
New permanent nonfarm dwelling units started
(TJ. S. Department of Labor)
number..
Urban building authorized (U. S. Dept. of Labor):
New urban dwelling units, total- _.
.number.Privately financed, total..
do_ __
Units in 1 -family structures
do
Units in 2-family structures
_ _ _ , do
Units in multifamily structures
do
Publicly financed, total
_. ..do. _.
Indexes of urban building authorized:f
Number of new dwelling units
1947^9=100..
Valuation of building total
do
New residential building
do
New nonresidential building
do_ __
Additions, alterations, and repairs
do

132, 500

90, 500

89, 100

96, 400

90, 000

74, 500

60, 800

64,900

77, 700

103, 900

108, 000

107, 000

106, 000

83, 991
47, 134
37, 867
2.622
6,645
36, 857

45, 684
42, 092
33, 323
2,432
6,337
3,592

48, 002
47, 182
38, 036
2, 669
6, 477
820

51 , 607
50, 491
40, 370
2, 995
7, 126
1,116

43, 180
42, 187
35, 580
2,489
4,118
993

34, 989
32, 681
27, 781
1,766
3,134
2,308

27, 807
26, 782
21. 224
1,700
3, 858
1,025

37, 491
34, 372
28, 374
2, 386
3,612
3,119

45, 670
43, 157
34,972
3,017
5 168
2, 513

57, 787
49, 695
40,111
3, 459
6 125
8 092

64, 695
56, 069
45, 838
3, 486
6, 745
8,626

62, 246
54,182
43, 531
3, 398
7, 253
8, 064

54, 792
48, 567
40,916
3,018
4, 633
6, 225

' 139. 4
' 185. 4
' 234. 4
»• 130. 8
r 126. 9

98.2
127.0
127.7
124.5
130.4

106.9
138.1
137.5
143.3
128.7

114. 1
149.9
155. 6
153. 5
120.2

94.4
117.8
121.8
110.0
120,9

76.5
96.6
97.6
100.3
84.6

61. 3
77.0
75.3
80.5
75.5

82.1
91.8
99.7
80.8
87.8

100.9
107 5
126.2
81.4
97.4

130. 1
140 7
166 1
110.3
115.1

142.5
152.3
183.8
115.6
118.6

' 129. 5
147. 0
'171.2

' 133.2

118 0
149.3
157.6
141. 3
136.3

115.8
373

116.1

116.3

117.0
374

117.5

117.6

117.5
374

118.2

118.1

118.4
374

118.9

119.6

120.8
383

531
557
545
490
529
379

535
557
545
495
530
379

535
561
545
495
630
378

536
561
546
495
532
377

538
562
548
495
532
379

538
562
548
494
532
378

539
573
548
494
533
380

542
581
549
497
535
380

543
581
550
497
535
378

544
582
551
498
537
378

545
582
552
499
541
379

548
584
554
504
543
381

550
588
554
504
544
382

233.2
234.6
244.9

233.4
234.6
244.2

233.5
234.8
244. 4

234.2
235. 6
245.7

235.1
236 4
246.8

235.1
236.4
246.9

235. 9
237 2
246.9

237. 0
237 9
248.0

236.7
237 4
247 8

237.2
237 7
248 0

238.3
238 5
248.9

239.4
239 2
249.5

242.1
241 3
251.9

235.0
234.9
240.5
248.7
220.2

235.4
235.1
240.2
247.7
220.5

235. 5
235.2
240.4
248.0
220.5

236. 1
235.8
241.5
249.7
221.0

236.8
236 5
242.5
251 1
221.5

236.9
236.5
242.5
251.1
221.5

237.7
237.0
242.7
250 5
221.9

239. 2
238 0
243.8
251 9
222.6

239
237
243
251
222

23Q
238
244
251
222

7
3
0
5
7

241.0
239 3
245. 1
252 1
223 3

242
240
245
252
226

2
7
8
8
1

245.3
243 4
247 8
255 8
226 4

245.1
243.4

244.6
242.5

244.8
242.8

246.1
244.3

247.3
245 6

247.3
245 7

247.3
245 4

248.5
246 5

248 3
246 2

248 5
246 2

249 4
246 9

250 0
247 4

252 5
249 8

400.4
542.4

400.1
542.8

399.9
542.6

403.4
546.5

404 5
547.2

405.6
547.7

405 6
547 8

406 1
549.3

407 2
550 6

407 9
554 1

410 4
557 1

412 5
561 7

414 5
670 7

r

r 113. 5

CONSTRUCTION COST INDEXES
Department of Commerce compositef-. 194 7-49 =100. .
Aberthaw (industrial building)
1914=100
American Appraisal Co.:
Average, 30 cities
_
..
1913 = 100.Atlanta
do
New York
_
.- do_ _
San Francisco
do
St. Louis
.
do
Associated General Contractors (all types) _do
E. H. Boeckh and Associates, 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 :d*
Building
1913=100
Construction
__
do
Bu. of Public Roads— Highway construction:
Composite standard mile
1925-29—100

161.8

164 8

0
9
7
5
4

166 7

171 8

169 1

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

175.4
163.9

156.7
147.3

176.4
155.8

163.5
152.1

178.0
160.6

157 3
158 7

134 6
152 3

139 8
163 7

140 0
169 7

150 8
159 6

P 157 o
p 149 0

156 8
157 7

REAL ESTATE
Home mortgages insured or guaranteed by—
Fed. Hous. Adm.: New premium paying
145, 738
thous. of dol__ 146, 237
131, 485
153, 744
144, 596
140, 528
124, 701
125, 629
127,751
159,063
125, 363
123,807
264, 153
319, 365
Vet. Adm.: Principal amount
do
317, 047
271, 148
296, 748
244 042
308 639
267 958
902 758
301 276
242 103
235 651
Federal Home Loan Banks, outstanding advances
con
to member institutions
mil of dol
816
770
752
747
760
781
591
665
612
581
806
New mortgage loans of all savings and loan associa473, 885
439, 615
tions estimated total
thous of dol
486 435
439 398
486 999
430 482
404 033
400 443
580 035
427 835
549 140
514 098
By purpose of loan:
149, 225
132, 330
Home construction
do
139 951
149 788
154 763
128 665
195 287
131 487
182
036
197 525
115 168
171 907
9
9
219, 331
207, 123
Home purchase
do
224, 819
200 025
202 159
220 506
182 710
38 587
51 884
183 733
185 920
213 723
43 397
Refinancing
do _ _
38, 289
37 90(3
37, 613
42, 184
36, 551
42, 794
49 446
37 920
37 322
50 076
49 104
24 459
Repairs and reconditioning
do
18, 107
17, 831
18 917
17 571
18 558
14 785
12 895
1 5 033
21 797
15 567
18 959
All other purposes . _ __
do
48, 933
44, 718
50, 727
45, 300
50 378
46 953
45 819
51 464
48 603
56 674
02 098
60 405
New nonfarm mortgages recorded ($20.000 and
under), estimated total
thous. of dol
, 422, 262 1, 370, 201 1, 448, 967 1, 308, 421 1, 483, 786 1 366 073 1 308 151 1 298 254 1 270 908 1 393 317 1 482 161 1 511 488
11.0
Nonfarm foreclosures, adjusted index - 1 93 5-39=1 00 ..
11.2
12.0
11.6
10.8
11.0
11. 1
11.5
11 6
11. 7
Fire losses
thous. of dol__
56, 403
52, 220
55, 41 6
53, 398
54, 660
60, 064
74, 15.5
68, 200
69, 925
67, 380
02, 354
72, 254

134, 248
195 987
653
586 842
191 812
57 069
49 595
24 238
64, 128

9

58, 585

DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, adjusted:
Combined index
1935-39—100
Magazines ._
do
Newspapers...
_
do
Outdoor...
do
Radio
.
do
Tide advertising index, unadjusted!.- 1947-49= 100. .
Radio advertising:
Cost of facilities, total
thous. of dol
Automotive, incl. accessories
do
Drugs and toiletries
do
Electric household equipment
do
Financial.- . . . . . .
_
_ _ _ d o
Foods, soft drinks, confectionery
do
Gasoline and oil
. do
Soap, cleansers, etc
do
Smoking materials .
do
All others __
__
do

385
350
303
331
283

129.7

410
368
314
319
279

104.0

107.2

14 853

11 731

11 789

4 375

3 124

129
294
3,940

137
269
3,263

3 060

303

227

418
376
319
340
269

256

143
298

411
379
304
314
23Q

132.1

429
403
307
341
257

144. .5

427
347
317
347
258
144. 9

435
357
304
359
9
53
117.2

453
379
903
346
244
115.6

447
309
304
401
253
127.7

11 849

14 948

14 377
339
3 099

14 619
464
3 751
147
326
4,090
512
1 432
1 794

14 590
407
3 993
' 224
359
3, 917
475
1 592
1 772

13 501
' 276
3 691
' 204
353
3,792
447
1 482
1 590

299

3 085
' 153
278

377

3 991
266
307

315

XOQ

371
300
302
248
141. 3
14 ^ 9o
' 329
0 Q,1Q
9

04
348
3,802
493
1 558
1 632

400
388
3'0
354
230
154. 1

439
404
994
302
247
153. 2
13 948
319
3 847
171
356
3,802
431
1 624
1 596
1 »m

r

^3 970
370
r

^ OCR

153
305
' 3, 734
494
1 098

436
362
399
372
241

140.8
12 938
345

3 619
251
343

3, 240
3, 310
4,170
4,127
2, 233
459
445
454
432
440
402
452
1,649
1,073
1 204
1 275
1 631
1 546
1 660
1,831
1,375
1 331
1 ^4f\
1 269
1 841
1 855
1 382
1.878
1.832
1.747
1.848
1 792
9 109
1 781
1 79fi
9 14*
1 7QPI
1 fifin
1.89.3
r
Revised.
p Preliminary.
f Revised series. Indexes of urban building and construction costs reflect use of new base period; revisions prior to February 1951 for the former
series will be published later; revised annual cost indexes for 1915-38 and mon thly data for 1939-51 are shown on p. 24 of this issue of the SURVEY. The Tide adver tising index (covering national
advertising only) has been completely revised to incorporate new base period and other major changes, including addition of data for network television; figures back to 1940 will be available
later.
d* Data reported at the beginning of each month are shown here for the previous month.




SURVEY OF CURRENT BUSINESS

S-8
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Surrey

August 1952
1952

1951

June

July

August

September

October

November

December

January

February

March

May

April

June

DOMESTIC TRADE—Continued
1
AD VERTI SING—Continued

Magazine advertising^
Cost total
thous.
Apparel and accessories
Automotive, incl. accessories
Building materials
Drugs and toiletries
Foods, soft drinks, confectionery.
Beer, wine, liquors
Household equipment and supplies
Household furnishings
Industrial materials
Soaps cleansers etc
Smoking materials
All other
Linage total

of dol
do
do
do
do
do
do

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

' 47, 628
' 3, 189
r 3, 884
' 2, 508

34, 694
879
3,308
1,483
5,459
5,838
2,354

35, 961
3,484
3,400
1,395
4,568
5,274
1,952

54, 268
6,681
4,154
3,136
6,024
6,617
2,451

61, 987
5,635
4,587
2,962
6,963
8,929
3,118

55 520
4,232
3,635
1,937
6,674
7,881
3,254

46 113
3,333
2,985
865
5,698
6,247
4,443

31 904
1,673
2,476
1,208
4,543
4,692
1,590

44 629
3,108
2,878
1 919
6,107
7,147
2,290

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

59 648
5,029
4,999
3,683
6,469
7,150
2,477

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

51, 515
3,119
4,925
2,842
7,051
7,660
2,331

*• 10, 569

1,654
840
2,234
942
1,478
8,236

1,668
1,007
2,310
956
1,138
8,808

3,952
3,368
3,240
1,815
1,341
12, 119

4,713
4,302
3,704
1,612
1,235
14, 229

3,839
3,506
3,309
1,361
1,170
14, 722

3,136
2,099
2,891
854
1,532
12, 028

762
1,176
2,372
736
1,088
9,588

2,167
1,521
2,887
971
1,209
12 424

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

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

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

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

3,221

3,260

3,934

4,845

4,849

4,129

3,346

3,466

3,985

4,855

4,468

4,093

3 213

202, 047
49, 861
152 186
10 814
2 214
30, 166
108 992

178, 389
48, 762
129, 627
9,807
2,846
23, 690
93, 284

192, 528
50, 887
141, 640
9,574
1,852
23, 364
106, 851

211, 499
51,465
160, 033
7,889
2,234
30, 318
119, 592

228, 673
51, 844
176, 829
9,811
2,732
37, 983
126, 303

230, 083
47, 780
182, 304
9,519
2,417
34, 510
135, 858

214, 041
42, 998
171,043
6,559
2 526
25, 044
136 915

178, 077
46, 345
131,731
8,208
3,663
21,020
98, 840

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

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

218, 407
52, 790
165,617
9,565
3 133
31, 742
121, 177

229, 606
56, 670
168, 936
10, 457
2,684
33, 444
122, 352

209 251
52, 744
156 506
10, 288
2 762
31,251
112 204

7. 731
121 273

6,238
116, 606

6,485
118.392

6, 333
114, 593

7, 168
126, 545

6,878
121, 802

7,271
124 214

7,268
130, 038

6,948
124 086

8.025
147, 902

7,255
132, 616

6,719
123, 861

6,511
122 134

r 6, 222
r 6, 379
' 2, 540
' 3, 655
' 2, 202
' 3, 335
' 1, 520
r 1, 665

POSTAL BUSINESS
Money orders, issued (50 cities) :
Domestic:
Number
thousands
Value
.. _ .- -thous. of dol
PERSONAL CONSUMPTION
EXPENDITURES
Seasonally "adjusted quarterly totals at annual rates: f
Goods and services total
bil. of dol
Durable goods, total
Automobiles and parts
Furniture and household equipment
Other durable goods
Nondurable goods, total
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
Semidurable housefumishings
Tobacco
Other nondurable goods
Services
Hou^hold operation
Housing
Personal services
Recreation
Transportation
Other services

do
do
do
do _

do
- _-do
do
do
do
do
do
do
do__
do
do _ _
do
do
do

204 5

206.4

210.5

213. 2

214 9

26 3
11.0
11 2
4 1

25.5
9.9
11 5
4.1

25 3
9.5
11 6
4.3

25.2
9.6
11 3
4.3

26 4
11 3
10 8
4 3

111.3
19.7
68 2
5 2
2 1
4.6
11 5

113.2
20.0
69. 5
5 2
2 1
4. 7
11.7

116.2
20.7
70.4
5 6
2 0
4.9
12.5

118.0
20.6
71.8
59
2 0
5.2
12.5

117.8
20.0
72 3
60
2 0
5. 1
12 4

66 9
10.1
21 5
4. 1
4 1
5 5
21 5

67.6
10.1
22.0
4.1
4 3
5.5
21 6

69.0
10.6
22 5
4. 1
4 0
5. 7
22.0

70 0
10.7
22 9
4.2
4. 1
5.9
22.3

70 8
10.9
23 2
4 2
4 1
5.8
22 5

RETAIL TRADE
All types of retail stores:!
Estimated sales (unadjusted), total- __mil. of dol__
Durable-goods stores
- do __
Automotive group
do
Motor-vehicle dealers
-- _do__
Parts and accessories
do
Building materials and hardware group 9
mil. of doL_
Lumber and building materials
do _ _
Hardware
do
Homefui'nishings group
- _
do
Furniture and housefumishings
do
Household appliances and radios
do
Jewelry stores
_
__
__do
Other durable-goods stores 9 do

12, 660
4 520
2 343
2 202
140

11,543
4,037
2 089
1,956
133

12,508
4.409
2,287
2,144
143

12, 410
4.190
2, 121
1,988
133

13, 190
4,451
2, 142
2,000
142

12, 702
3,992
1,880
1,742
138

14, 632
4,106
1,765
1,611
154

11,338
3,597
1,872
1,755
117

11,181
3,696
1,967
1,850
117

12, 134
3,978
2,107
1,981
126

12, 719
4,392
2,327
2,189
138

970
715
255
606
392
214
96
505

900
674
226
546
349
197
71
430

949
713
236
642
406
236
79
453

904
667
237
634
389
245
80
451

1,023
764
259
698
437
261
89
498

862
617
245
707
443
264
109
435

791
492
299
804
505
299
244
502

693
499
194
542
340
203
76
414

703
503
199
548
338
210
71
408

745
527
218
569
367
202
72
484

879
624
255
583
385
198
76
526

' r 13, 633
4, 926
T
2, 702
2,546
'157
932
'653
'279
'670
'453
217
91
530

12, 907
4,740
2,529
2,370
159
961
690
271
658
426
232
95
498

r
7,485
7,741
8,157
8,220
8,326
8, 706
8,140
7,506
8,099
8,739
8,709
10, 526
8,167
Nondurable-goods stores 9
-do
639
795
820
1,295
728
910
'839
792
899
945
588
648
793
Apparel group __
_ _ do
164
331
184
143
163
224
181
139
133
196
177
193
195
Men's clothing and furnishings
do
279
258
328
212
262
336
479
365
'335
290
370
379
Women's apparel and accessories. - do
290
137
175
312
158
125
176
199
216
195
'180
163
138
Family and other apparel
. do ...
165
101
145
174
128
114
135
108
169
148
111
127
147
143
Shoes
_do
366
376
359
375
495
360
370
'383
361
367
361
369
370
Drugstores
__
do
903
939
948
952
' 1, 003
945
1,005
986
933
968
960
1,008
983
Eating and drinking places 9 do
3,160
2,986
' 3, 406
3,020
3,211
3,141
3,152
3,461
3,058
3,201
3,109
3,156
3,130
Food group 9
-- do
2,422
2,546
2,831
2,467
2,601
' 2, 780
2 561
2,410
2,584
2,516
2,550
2,509
Grocery and combination
do
2,528
564
614
591
600
610
625
602
630
600
627
594
628
602
Other food 9
do
635
699
659
677
755
720
734
737
713
111
705
718
756
Gasoline service stations. _
_ do
1,151
1,465
1,413
1,181
1,388
1,620
1,762
2,517
1,168
1,307
1,463
1,515
1,416
General-merchandise group
__ _ do__ _
690
790
825
889
1,001
1,494
713
840
680
1,123
871
905
854
Department, including mail-order 9 -do
172
205
216
216
478
187
224
216
197
236
246
237
209
Variety
do
282
275
312
304 1
382
361
393
546
355
386
352
358
347
Other ereneral-merchandise stores
do __
' Revised.
^Unpublished revisions for January, February, March, and October 1950 and January and February 1951 are available upon request.
fRevised series. Estimates of personal consumption expenditures have been revised beginning 1949; revised figures for the grand total and for total durable and nondurable goods and
services are shown as a component of gross national product on p. 29 of the July 1952 SURVEY; revised figures through the first quarter of 1951 for the subgroups will be shown later. Estimates
of sales and inventories for all types of retail stores and data on sales of chain stores and mail-order houses have been revised in general back to 1940; some components were revised beginning
1935. For data for earlier periods (through 1947 for sales and 1950 for inventories) arid appropropriate explanations, see pp. 15-23 of the October 1951 SURVEY; sales figures beginning 1948 have
been further revised since the October SURVEY and are available upon request.
9 Revised beginning 1935.




SUKVEY OF CURRENT BUSINESS

August 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

S-9
1952

1951

June

July

August

September

October

November

December

January

February

March

May

April

June

DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All types of retail stores t— Continued
Estimated sales (unadjusted), total— Continued
Nondurable-goods stores 9 — Continued
Other nondurable-goods stores 9 ..mil. of dol..
Liquor
do
Allother9
_..do

732
210
522

692
186
506

746
200
547

731
211
520

958
347
611

843
226
618

1,062
372
691

829
206
624

805
205
600

852
214
638

817
212
605

Estimated sales (adjusted), total _ _ _ do__ _
Durable-goods stores 9
do
Automotive group
- -do_
M^otor- vehicle dealers
do
Parts and accessories
do
Building materials and hardware group 9 do
Lumber and building materials
do
Hardware
do _ _
Homefurnishings group
do
Furniture and housefurnishings _ -do
Household appliances and radios
do
Jewelry stores
do _
Other durable-goods stores 9
do _

12, 240
4,186
2,170
2,048
122
874
641
233
586
370
216
94
462

12, 058
3,967
1,983
1,863
120
872
647
225
586
381
205
94
432

12, 429
4, 133
2,125
2,000
125
852
621
231
624
396
228
91
441

12, 258
4,138
2,111
1,975
136
832
593
239
630
388
242
93
472

12, 551
4,189
2,144
2 014
130
863
624
239
631
399
232
92
459

12, 492
4 036
2,007
1 874
133
820
580
240
656
410
246
100
453

12,318
3 918
1,930
1 801
129
805
568
237
625
405
220
95
463

12 650
4 150
2 023
1 878
146
880
631
249
649
417
233
103
494

12, 862
4 390
2 214
2 058
15(5
930
671
259
648
408
240
97
501

12, 399
4 083
2,010
1 866
144
870
619
251
624
403
222
98
481

12,711
4 286
2 238
2 099
139
867
622
244
604
392
212
95
483

Nondurable-goods stores 9
_do_ _Apparel group
_do_
IVIon's clothing and furnishings
_-do
"Women's apparel and accessories
do
Family and other apparel
do
Shoes
- - -do
Drugstores
_-do
Eating and drinking places 9
- --do

8,054
785
174
311
170
130
371
950

8,091
818
199
308
176
135
369
929

8,296
819
196
314
175
134
373
944

8,120
776
168
314
166
128
369
944

8,362
819
184
326
177
132
374
947

8 456
844
191
335
186
132
372
955

8 400
822
178
332
184
128
386
933

8 500
863
197
339
194
134
378
980

8 472
831
192
327
178
134
390
1 014

8 316
806
180
308
185
133
382
976

8,425
840
178
333
190
139
384
970

r

Food group 9
do
Grocery and combination
do
Other food 9
do
Gasoline service stations
- - -do
General-merchandise group 9
do
Department including mail-order 9 - -do
Variety
do
Other general -merchandise stores
do
Other nondurable-goods stores 9
-- - -do _ _
Liquor
do _
Allother9
do__ _

3,045
2,464
581
690
1 452
880
227
345
761
220
541

3 067
2 456
611
663
1 470
903
238
329
775
221
554

3,164
2, 555
609
682
1,533
922
246
365
781
227
554

3,087
2 493
594
684
1 485
901
232
352
775
221
554

3 078
2 471
607
705
1 486
885
237
364
953
347
606

3 183
2 586
597
714
1 545
941
232
372
843
208
635

3 187
2 595
592
719
1 534
917
233
384
819
212
607

3 235
2 619
616
721
1 490
'910
235
345
833
226
606

3 191
2 578
613
729
1 486
896
237
354
830
232
598

3 171
2 f63
'608
717
1 441
'878
225
337
823
220
603

3 210
2 591
618
724
1 463
870
237
356
835
235
600

T
r

19,718
9,583
10, 135
20, 282
9,562
3,141

18, 777
9 072
9 705
20 045
9 494
3 058

18,715
8,638
10, 077
19 429
9,154
2 921

18, 882
8 465
10, 417
18 761
8 693
2 717

19, 383
8 637
10, 746
18 545
8 679
2 744

19, 657
8 578
11,079
18 280
8 385
2 700

17, 300
7 939
9 361
18 093
8 218
2 613

17 414
8 007
9 407
18 061
8 197
2 532

2,367
1,977
639
1,438

2,436
1 940
632
1 428

2,393
1,828
635
1,377

2,303
1,770
596
1,307

2,399
1,664
567
1,305

2,236
1,618
570
1,261

2,172
1 588
609
1 236

2,284
1 554
594
1 233

10, 720
2,586
704
1,994
3,446
1 990

10 551
2,588
710
1,909
3 423
1 921

10, 275
2,475
702
1,873
3,327
1 898

10 068
2,386
699
1,941
3 193
1 849

9,866
2,299
712
1,929
3 056
1 870

9,895
2,282
684
2,002
2,977
1 950

9 875
2,244
670
2,096
2 950
1 915

2,840
237
28
94
70
51
102
73
63
45
803

2 526
175
19
72
51
49
98
73
65
39
692

2,754
186
18
80
53
55
103
74
67
47
812

2 810
237
25
99
68
47
105
72
64
47
831

3 008
246
31
104
62
49
120
77
66
55
905

3 007
251
35
105
60
47
95
73
63
56
957

517
90
179
1,017

438
76
163
906

516
101
179
954

536
100
179
956

567
125
196
970

367.4
368.3
292.8
194.3
323 8
223.5
253.3
335.6
247.6
271.6
417.5
388.4

345.2
372 3
301.5
228.2
324 4
226.3
235.8
343.7
247.3
278.8
397.3
402.8

358.5
381 5
303.5
215.3
328 3
234.9
265.1
331.5
249.7
277.8
404.8
417.4

382.7
373 3
293.4
183 0
331 9
226.8
272.4
321 2
251 4
273.7
423 6
392.2

540.7
286 6
252.3
440.8

560.9
295 6
264.2
439.1

590.6
283 7
272.4
452.8

551.0
273 2
257.2
447.8

Estimated inventories:!
Unadjusted total
do
Durable-goods stores
- -do_
Nondurable-goods stores
do _ _
Adjusted total
__do _.
Durable-goods stores
do
Automotive group
_do
Building materials and hardware group
mil. of dol__
Homefurnishings group
- do_ __
Jewelry stores
do
Other durable-goods stores
- do
Nondurable-goods stores
Apparel group
Drugstores
Food group
General-merchandise group
Other nondurable-good stores

do
do
...do
do
- - do
do

Chain stores and mail-order houses:td*
Sales estimated total
- 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.
M ail-order (catalog sales)
-.
- do
Variety
do
Grocery and combination
_ do
Indexes of sales: tc?
Unadjusted, combined index
1935-39= 100_Ad justed combined index
do
Apparel group
- do
Men's wear
do
\Vomen's wear
do
Shoes
- - do_
Automotive parts and accessories
do_. _
Building materials
do
Drug stores
- do
E ating and drinking places
do
Furniture and housefurnishings
do
General-merchandise group
__do. Department, dry goods, and general merchandise
-- -1935-39 =100
Mail-order
do
Variety
do
Grocerv and combination
do. _ _




9 Revised beginning 1935.

T

13, 098
4 587
2, 524
2T 375
149
r
840
'592
r
248
r
639
r
414
r
224
96
489

T
r

8r 512
822
179
r 324
184
135
r
383
1 002

3 254
2 643
612
721
r i 509
909
235
r
365
r
820
r
234
587
r

720
202
518
13
4
2
2

039
514
358
212
147
910
650
260
670
423
248
99
476

8,525
847
193
332
185
137
380
975
3 258
2 640
' 618
728
1 540
938
238
364
798
232
566

664
454
210
887
075
593

18, 502
8 537
9 965
18 010
8 208
2 766

2,372
1 498
580
1 227

2,270
1 427
571
1 214

2,191
1 434
583
1 234

9 864
2 206
680
1 953
3 114
1 911

9 820
2 232
697
2 006
2 993
1 892

9 812
2 146
706
2 113
3 002
1 825

9 802
2 180
723
2 006
3 055
1 838

T 10 006
r
2r 329
710
r
1 996
r 3 077

10 046
2 328
709
2 092
3 021
1 896

3 819
366
51
150
90
69
72
105
68
71
1 386

2 458
173
24
70
44
35
70
73
64
39
594

2 451
'l68
20
71
44
38
72
75
61
38
605

2 716
224
26
98
56
41
72
76
64
41
695

2 870
'277
28
117
81
45
90
75
66
42
818

r 3 049

2 833
236
28
95
69
56
105
74
66
47
813

585
152
203
992

820
152
393
1,111

348
90
143
972

346
90
155
963

420
91
170
1,045

508
97
197
994

••560
92
r
186

393.5
382 3
302.1
201 6
341 2
228.0
265.5
334.9
253.1
276.2
456.2
399.0

410.1
384.2
312.8
215.5
351 1
228.8
273.1
332.5
247.3
280.0
460.0
404.1

498.5
387 0
313.6
218.3
354 3
223.3
280.2
324.2
246.6
275.1
466.3
402.3

330.1
381 6
303.2
207 1
342 4
220.7
276.6
322 5
253.4
281.7
478.4
405.7

339.8
383 5
302 1
204 5
335 8
228 3
299.2
370 7
260 8
280.3
432 3
407.8

352.3
371 4
290 5
183 6
334 3
215 5
264.3
338 4
253 6
269.9
419 9
381.4

388.0
382 5
312 3
188 1
359 5
235 5
266.8
338 0
257 1
281.4
414 2
403.8

556.6
283 8
263.5
445.9

564.8
302 0
258.1
459.0

564.1
296 1
256.8
466.2

569.7
294 6
261.1
453.4

572.7
293 3
263 4
449.2

536.2
265 1
250 1
450.7

567 6
283 1
263 8
456.0

17
8
9
17
8
2

986
127
859
980
160
483

r

Revised.
t Revised series; see note marked"!" on p. S-8.

'804
r
228
r
576

cf Revisions prior to August 1950 are available upon request.

18
8
10
17
8
2

17 963
T 8 157
r
9 806
r 17 997
r
7 991
r 2 661
r
T

2, 158
1r 397
573

r 1 202

r 247

T

26
106
68
r
56
r 98
r 75
r

67
50

r 855

r 1, 110
* 389. 1

r 387 7
r
301 3
r 187 2

r 340 l
r
228 9
r
290 3
r
334 7
r 252 0
r
284 4
r 444 2
r
410 3
r

581 9
290 2
261 6
' 462. 3
r

17, 216
7 720
9 496
17 737
7 691
2 424

2,168
1 352
590
1 157

528
96
174
976

393.3
393 7
314 4
207 7
350 0
237 2
290 2
359 3
257 0
282 1
457 6
419 0
592 0
308 6
264 4
469.2

SURVEY OF CURRENT BUSINESS

S-10
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

August 10:52

1951

July

June

August

*'$£»-

19,>2

October

November

December

January

February

!

March

April

i
,
i

May

June

DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
Department stores:
Accounts receivable, end of month: t
Charge accounts
. _ ___1947-49=100-_
Instalment accounts
_ _ do
Ratio of collections to accounts receivable:
Chancre accounts
percent. _
Instalment accounts
do
Sales bv type of payment:
Cash'sales
percent of total sales. _
Charge account sales
do
Instalment sales
do
Sales, unadjusted, total U. S.f
Atlanta
Boston
Chicago
Cleveland
Dallas
Kansas City
Minneapolis
New York
Philadelphia
_ _
Richmond
St Louis
San Francisco

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

Sales adjusted, total U. S.f
do_ _.
Atlanta
_.
do
Boston
do_.
Chicago
...
do ..
Cleveland
do
Dallas
_
. __do_. .
Kansas City
do
Minneapolis
_ . do
New York
do
Philadelphia
do
Richmond
do
St. Louis
do.. .
San Francisco
do
Stocks, total U. S., end of month :t
Unadjusted
do..
Adjusted
do

115
171

103
163

103
162

113
166

122
172

136
182

177
197

142
190

124
182

117
178

121
175

49
19

46
18

48
19

47
19

50
21

50
21

45
19

47
19

45
18

48
20

46
18

50

50
41
9

48
41
11

47
43
10

46
43
11

47
43
10

49
42
9

48
42
10

48
42
10

48
42
10

48
43
9

99
98
99
100
100
97
94
105
99
103
90
97

84
89
73
85
84
96
85
83
74
76
86
85
93

93
99
82
95
94
104
102
97
80
83
95
95
101

112
116
110
114
114
124
119
112
106
112
118
111
108

112
116
105
112
115
119
117
118
108
114
121
111
107

134
138
129
133
140
144
131
120
131
144
145
130
125

184
203
188
176
181
203
185
166
179
185
192
168
189

83
90
81
81
87
95
86
72
80
81
80
81
83

83
93
75
80
83
93
85
83
82
82
83
80
86

92
108
87
89
95
105
93
80
85
97
96
89
90

103
118
103
99
*04
114
104
101
94
103
110
101
103

105
••115
98
101
106
113
104
98
108
103
110
98
103

106
111
106
100
107
114
104
101
103
105
105
104
108

109
110
108
108
108
115
111
109
106
111
121
106
106

107
111
100
106
108
115
112
101
• 101
107
109
105
108

108
lit
103
110
112
114
110
104
103
108
114
105
106

112
121
106
111
114
129
116
107
104
109
118
109
114

109
121
106
109
109
122
113
104
103
105
109
107

no

108
118
102
105
115
122
115
97
100
110
114
111
r
!06

106
111
100
104
108
115
106
113
100
110
109
100
108

105
113
104
103
106
115
105
94
97
109
114
99
102

103
115
99
100
104
114
104
98
96
102
108
98
105

129
136

127
138

129
134

132
128

135
121

133
117

107
119

106
118

113
116

120
115

273, 067
79, 657
193, 410

328, 568
98, 508
230, 060

338, 278
100, 873
237, 405

374,319
117,371
256, 949

398, 865
121,494
277, 371

477, 842
146,189
331,653

248, 926
63,912
185,014

246, 182
67, 879
178, 303

242.6
216. 1
263.3
228.5
307.1
329.2
323.5
376.7
305. 9
376.3

294.9
261.8
301.7
281.3
366.1
321.6
298.5
336.0
303. 8
375. 5

334. 1
285.1
369.0
316. 1
394. 4
302.1
274.9
324. 3
293. 8
344.8

362.0
325. 6
418.0
340.7
403. 8
302.7
271.3
327. 1
290. 0
359.3

439. 3
445. 9
500.6
411.6
456. 1
339. 0
319.2
365. 9
313. 2
363. 7

499. 6
453. 7
534. 4
468.5
606. 5
340.8
314.0
386. 4
315.7
386.8

248. 5
228.4
273.8
236. 3
276. 8
328.3
301.3
342.2
315. 1
376. 1

7,980
2, 508
5,472
10, 097
5, 019
5,078

9,124
2, 889
6, 235
9,987
4, 867
5,120

8, 925
2, 836
6,089
10,059
4, 792
5,267

10,129
3, 103
7.026
10, 110
4, 723
5, 393

9,795
2, 812
6, 9S3
10, 077
4, 650
5,427

9,237
2,516
6,721
9, 861
4, 606
5, 255

42
8
r98

Mail-order and store sales:
Total sales, 2 companies
thous. ofdol... 322, 649
92, 911
Montgomery Ward & Co
do
229, 738
Sears, Roebuck & Co
_.do_ .
Rural sales of general merchandise:
287. 0
Total U. S., unadjusted
_. 1935-39=100. .
265. 9
East
do
304.2
South
. _ - ...do. .271.1
Middle West
do
349.2
Far West
do
323.6
Total U. S., adjusted
do
306.3
East
do
371.4
South
do. _
296.0
Middle West
do
385.9
Far West
_ do. _

122
176
r

120
178

48
19

46
18

47
43
10

47
43
10

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

105
117
103
103
105
116
106
9G
95
102
114
103
108

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

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

122
116

120
118

112
118

279, 095
79, 273
199, 822

332, 482
93, 423
239, 059

368, 073
101,381
266, 692

354, 385
92, 345
262, 040

203. 3
242. 7
296. 1
240.0
284.7
314.6
292.4
340. 3
300. 0
381.1

276.3
271 1
306. 1
257 9
301.4
304.6
273. 3
324.9
276.7
337. 1

299. 6
273 7
319. 7
2SO 2
344. 5
306. 6
273.2
345 2
281.9
366 1

283.9
253 5
301. 8
2139 8
327.7
316.5
282.3
364 1
304.5
365 7

308. 3
280 0
345 4
286 9
370 7
347.6
322 6
421 7
313.2
409 6

8, 681
2, 375
6, 306
10,012
4, 823
5,189

8, 197
2, 465
5 732
9, 870
4,800
5,070

8, 091
2,537
5 554
9. 959
4,924
5, 035

8, 174
2,726
5 448
9,776
4,963
4 813

8, 097
2, 656
r 5 441
r
9, 452
4,844
r
4 608

8,140
2 674
5 466
9,374
4,700
4 674

r

T
r

T
r

T

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

mil. of dol..
do_ _
do
do
do
_ do

8,265
2, 736
5, 529
10, 005
5,034
4,971

r

EMPLOYMENT AND POPULATION
POPULATION
Population, continental United States:
Total, inel. armed forces overseas
thousands. _

154, 122

154, 353

154, 595

154, 853

155, 107

156, 356

155,575

155, 783

155, 997

156, 197

156. 405

156, 602

156, 804

108, 836
51,834
57, 002

108, 856
51, 798
57, 058

108, 896
51, 778
57, 118

108, 956
51,780
37, 176

109 064
51,826
57, 238

109 122
51,824
57, 298

109 200
51 , 844
57, 356

109 260
51 , 852
57, 408

109 274
51,810
57, 464

109 274

51, 758
57., 516

109 328
51, 762
57, 566

109 426
51,804
57, 622

109 556
51, 872
57, 684

63, 783
44,316
19, 467

64, 3S2
44, 602
19, 780

64, 208
44, 720
19, 488

tJ3, 186
43, 672
19. 514

63, 452
43, 522
19,930

63, 164
43,346
19,818

62, 688
43,114
19,574

61, 780
42, 864
18 916

61 838
42, 858
18 980

61 518
42 810
18 708

61 744
42 946
18 798

62 778
43 262
19" 516

64 390
44 464
19 926

EMPLOYMENT
Employment status of civilian noninstitutional
population:
Estimated number 14 years of age and over,
total
thousands
Male
do
Female
do
Civilian labor force, total _
_
do
Male - .
.- __ _ ...do ...
Female
do
-.._

do
.-do ..
do

61,803
43, 149
18, 654

62, 526
43, 504
19, 022

62, 630
43, 764
18, 866

61,580
42, 830
18, 750

61,836
42 (532
19, 204

61 , 336
42, 344
18 992

61,014
42, 106
18 908

59, 726
41 480
18 246

59, 752
41 482
18 270

59, 714
41 586
18 128

60, 132
41 898
18 234

61, 176
42 290
18 886

62, 572
43 3°6
19 246

Agricultural employment.
Nonagricultural employment
Unemployed

.do .
do
_ do

8,035
53, 768
1,980

7,908
54, 618
1,856

7,688
54, 942
1,578

7,526
54, 054
1,606

7,668
54 168
1,616

7, 022
54 314
1 828

6 378
54 636
1 674

6 186
53 540
2 054

6 064
53 688
2 086

6 012
53 70^
I gQ4

6 412
53 720
1 612

6 960
54 ^16
l' 602

8 1 70

Employed
Male
Female

.

1 ' 81 ft

Not in labor force
do
44, 474
45. 053
44.688
45. 770
45. 612
45. 958
46. 512
47. 480
47 436
47 756
4r, <us ! 4^ 1RA
47 584
r
Revised.
» Preliminary.
fRevised series. Data have been revised to reflect use of new base period and to incorporate other major changes. Revisions back to 1919 for sales by districts will be shown later PubIshed revisions appear as follows: Accounts receivable (1941-51), p. 32 of the July 1952 SURVEY; total U. S. Sales (1919-50), p. 32 of the February 1952 SURVEY: total U S stocks vp 32 of the
July 1952 SURVEY.
'
'
*Data on total wholesale trade have been substituted for the series on service and limited-function wholesalers. Figures through 1950 appear on pp. 23 and 24 of the October 1951 SURVEY.




SURVEY OF CURRENT BUSINESS

August 1952

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

S-ll
1952

1951

June

July

August.

September

October

November

December

January

February

March

April

May

June

EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT—Continued
Employees in nonagricultural establishments:
Total, unadjusted (U. S. Dept. of Labor)
thousands..
Manufacturing
_
do _
Durable-goods industries
do
Nondurable-goods industries
do
Mining, total
_
do Metal
do
Anthracite
do
Bituminous coal
_
_
do _
Crude-petroleum and natural-gas production
thousands _
Nonmetallic mining and quarrying
do
Contract construction
_ _
do
Transportation and public utilities.
do
Interstate railroads
do
Local railways and bus lines
_ _ __ do __
Telephone
do
Telegraph
__ __ _ do __
Gas and electric utilities
do
Trade
_. _
do
Wholesale trade _ _
_.
do _
Retail trade
do
General-merchandise stores
do
Food and liquor stores
_
_ do
Automotive and accessories dealers. __do
Finance
._
_ _do __
Service
do
Hotels and lodging places _
do __
Laundries
do
Cleaning and dyeing plants
do _
Government
do
Total, adjusted (Federal Reserve)
Manufacturing
_
Mining
Contract construction
_
Transportation and public utilities
Trade
Finance
__
_
Service
Government
-

do
do _
do
do
do _
do
do _
do
do

Production workers in manufacturing industries:
Total (U S Dept of Labor)
thousands
Durable-goods industries
~
_
do
Ordnance and accessories
_ __ .
do
Lumber and wood products (except furniture) _
- _
thousands
Sawmills and planing mills
__ do _ _
Furniture and fixtures
_ .
do
Stone, clay, and glass products
do
Glass and glass products
do Primary metal industries
_ _ __do
Blast furnaces, steel works, and rolling
millst
_
-._
thousands
Primary smelting and refining of nonferrous metals
__ _
thousands
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
thousands. .
Heating apparatus (except electrical) and
plumbers' supplies
_
_ -thousands
Machinery (except electrical) _ _
_- do _
Electrical machinery
do
Transportation equipment
do
Automobiles
_
_
do
Aircraft and parts
do
Ship and boat building and repairs. _. do
Railroad equipment
do
Instruments and related products
do
Miscellaneous mfg. industries
__do_.
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
Men's and boys' furnishings and work
clothing
. __..
.---thousands
Women's outerwear
_
_
do
Paper and allied products
do
Pulp, paper, and paperboard mills _ do _
Printing, publishing, and allied industries
thousands..
Newspapers
do
Commercial printing
do

46, 567
15, 956
8,998
6, 958
927
105
70
378

46, 432
15,813
8,839
6,974

46, 724
16, 008
8,878
7 130

46, 956
16 039
8,913
7 126

46, 902
15, 965
8,942
7,023

46, 852
15, 890
8,976
6 914

906

922
105
68
370

917
104
68
367

917
104
67
367

917
105
67
368

270

269

269

110
2,809
4,190
1,468

110
2,768
4,178
1,457

109
2,761
4,166
1,440

141
648
47
532

141
649
48
529

141
653
47
528
10, 109
2,657
7,452
1,701
1,295
759
1,907
4,734

'

105

66
359

47, 663
15 913
9, 000
6 913

45, 913
15 776
8,946
6 830

45, 899
15 859
9 010
6 849

916
106
67
369

909
107
67
367

902
107
62
366

269

269

267

267

107
2, 633
4,165
1,428

105
2,518
4,161
1 426

101
2,316
4,103
1 394

101
2,308
4,111
1 392

141
654
47
527

141
653
47
526

141
660
47
526

10 660
2 657
8 003
2 092
1, 316
768
1,912
4 702

9 720
2,622
7 098
1,472
1,282
749
1,909
4,671

426
356
154

424
356
154

265
108
2,686
4, 161
1,468
143
637
48
527

268
108
2,754
4,176
1,468
141
648
49
534

9,732
2,581
7,151
1,458
1,270
750
1, 893
4,835
478
365
161
6,377

9,667
2,594
7,073
1,407
1,268
756
1, 908
4,852
510
369
158
6,356

9,641
2, 596
7,045
1,399
1,260
757
1,914
4,839

9,781
2,594
7 187
1,487
1,274
754
1,898
4,831

507
365
153

473
362
157

6,401

6 544

9,893
2 622
7,271
1,550
1,281
748
1,898
4,770
437
360
159
6, 532

46, 626
16, 097

46, 602
16, 026

923
2,558
4, 132
9,857
1,874
4,787
6,398

46, 555
15, 893

899
2,574
4, 134
9,837
1,880
4,780
6,472

46, 465
15, 801

46, 415
15, 748

46, 482
15,761

914
2,601
4, 143
9,822
1,895
4,791
6,496

912
2,587
4,157
9,791
1,908
4,783
6, 526

914
2,630
4,173
9,770
1,917
4,746
6,517

2,581
4,169
9,827
1,926
4,758
6, 544

13, 064
7,409

12, 885
7,226

13, 069
7,261

13, 087
7,279

38

41

44

12,997
7,296
47

773
456
286

748
443
284

754
449
285

485
130
1,172

745
443
285

478
124
It 15&

484
130
1,165

572

572

48

142
652
48
535

' 46, 001 ' 46, 258 ' 46, 320 p 46, 322
' 15, 869 ' 15, 784 ' 15, 671 p 15, 440
' 9, 035
' 9, 045
' 9,006
v 8, 682
' 6 834 ' 6 739
'6 665
p 6 758
'904
897
v 862
'894
T
Pg4
107
108
' 108
r
r
60
67
66
r
363
'357
p337
'349

139
664
526

6 881

6 509

46, 608
15 811

46, 471
15, 830

46, 594
15 877

916
2 569
4,161
9 893
1,931
4 749
6 578

916
2,545
4,139
9,852
1,919
4 742
6 528

2,593
4,147
9,860
1,929
4 738
6,538

12,904
7,314
50

12 911
7 322

12 766
7,264

12 820
7,306

52

54

55

56

740
439
289

719
428
294

670
398
296

676
406
291

479
128
1,160

472
125
1,149

654
391
296

668
396
296

482
130
1,162

696
412
296
465
123
1, 164

452
119
1,162

447
120
1,160

449
121
1, 154

451
123
1,146

575

573

570

558

573

570

570

567

560

47

48

47

47

47

47

47

48

47

843

813

817

810

809

805

806

804

807

128
1,252

123
1,235

122
1,209

121
1,219

120
1,242

120
1,255

119
1, 269

115
1, 276

116
1,281

34

430
357
157
6,497

916

912

704

684

696

707

1,237
738

707

718

1, 198
675

726

725

727

1, 187
684

1,211
679

1, 205
667

1,234
655

1, 235
645

1, 235
633

1,251
r
630

333

347

357

360

362

98
59
223
400

101
47
221
383

395

415

424

102
60
226
388

407

99
57
224
388

104
f>2
228
390

111
03
230
388

111
63
232
381

115
62
232
374

122
61
233
381

5, 655
1,146
233

5, 659
1,225
236

5, 808
1,307
233

5 590
1,160
246

103
238
195
150

5 514
1,060
244

75
1,167
574
210

84
1,152
561
212

99
145
192
147

5 502
1,068
246

76
1,205
588
216

114
305
192
161

5,701
1 , 254
236

5 589
1,122
252

116
226
192
161

5,808
1, 330
235
108
330
193
156
89
1, 136
551
205

96
120
190
146

89
1,133
546
209

94
106
187
136

95
105
187
134

85
1,132
544
209

85
1 141
548
211

82
1, 131
540
209

80
1 123
527
210

1,000

990
129

1 047

1 037

1 019

1 008

1 035

135

139

1 029

1 052

138

131

117

123

127

128

245
255
426
215

233
271
418
214

238
295
419
215

239
284
416
214

238
270
413
212

233
279
411
212

235
296
410
212

228
300
405
211

233
309
404
210

512
152

507
151

509
151

169

515
153

517
153

519
154

167

520
155

166

167

169

510
151

170

171

170

116
154
192
155

266
100
'2,517
r
4, 138
1,417
138
669

528

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

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

' 9, 817
r
2, 602
' 7, 215
' 1, 523
1,292
'733
' 1, 953
4,748

437
358
162

P106
» 2, 661
p 4, 170

529
'9 744
' 2 598
r 7 146
T
I 461
' 1 292
'737
r
1 959
' 4 795

p 9 787
p 2, 617
r>7 170
p 1 462
T 1,290
P 747
P 1, 978
? 4 839

448
363
165

6, 551

6 602

v 6 585

' 46, 552 ' 46, 513 ' 46, 589 r> 46, 375
'15,919
'15,894
' 15 886 p 15 575
r
T 895
'900
911
P 858
T
' 2, 510
2, 523
p 2 534
2 492
* 4, 154
' 4, 1 18
4 141
p 4, 141
r
' 9, 821
9 862
p 9 912
9 883
r
' 1,943
p 1, 958
1, 937
1 949
r
4,748
4 728
p 4 791
4 771
6, 554
6 543
p 6 606
6 572
' 12 815
r
7, 316

r

12, 724
' 7, 321
r

r

807
r

116
' 1, 280

r

58

714

' 5 403
'1,058
r
234

96
104
138
r

T

78
1 113
518
210
\

T

429
128
57
'236
380
r

r

101
113
187

137
77
' 1 092
507
r
210

642
394

p674
^288
p452

P797

113
' 1 265 p 1 , 251
r 709
p 701
'1.308
p 1, 330
672

434
133
60

'377

p 236
p378

r 5 323
'1,074
231

p 5 407
P 1, 124

r 235

107
120
184
146
'77
r i Q83
503
209

p78
p I 089

P 9(j(5

r 995

T 959

127

120

112

239
274

p 783

563

05}

238
306

P 12 357
p 6 950
*>60

'286
'448
124
1 150

'797

115
1,276

r
r

r 189

r

59

'806

' 1, 287
r
665

r 239

r

48

r 722

5 499
1,057

r 12 599
'7 276

48

' 1, 266
'643
r
428
126
61
234
r
382

237
253

r 401
r

r 398

208

206

207

507
l r \2

508
152

'507
152

'507
153

166

167

166

167

r
Revised.
» Preliminary.
IFigures for 1939-46 on the revised basis for the indicated series, available since publication of the 1951 STATISTICAL SUPPLEMENT, will be shown later.




"•268
105
'2,410
* 4, 098
1,404
139
r
648

'266
101
2, 296
' 4, 118
1,395
r

r

' 398

P 401

p 509

SURVEY OF CURRENT BUSINESS

S-12

August 1952
1952

1951

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

June

July

August

September

October

November

December

January

February

March

April

May

June

EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT—Continued

Production workers in mfg. industries— Continued
Total (U. S. Dept. of Labor)— Continued
Nondurable-goods industries— Continued
Chemicals and allied products
thousands. _
Industrial organic chemicals _ __ _ _do
Products of petroleum and coal
do
Petroleum refining
do
Rubber products
do
Tires and inner tubes
-- _._do
Leather and leather products
do
Footwear (except rubber)
_ __ . _do
Manufacturing production-worker employment
index, unadjusted (U. S. Dept. of Labor) f
1947-49=100..
Manufacturing production-worker employment
index, adjusted (Federal Reserve)! .1947-49= 100..

528
172
198
154
220
90
344
222

526
172
198
154
217
90
336
215

531
174
198
154
218
92
343
221

543
175
197
154
218
92
327
208

544
172
197
154
215
90
320
201

542
173
197
154
219
95
317
198

538
171
196
155
219
95
323
205

536
170
193
153
218
94
330
213

538
168
193
153
215
94
342
221

105.6

104.2

105.7

105.8

105.1

104. 3

104.4

103.2

103.6

106. 8

106. 0

104.8

103.9

103.4

103.3

103.5

103.6

103.8

323, 393
138, 673
128, 024

326, 930
140, 248
129, 429

314, 679
135, 562
124, 067

303, 304
128,757
121, 524

273, 542
99. 528
120,521

246, 185
75, 055
118,551

230, 985
59, 281
118,621

227, 488
59, 491
115, 126

239, 087
68, 500
116,987

2,334
258

2,341
254

2, 330
250

2,335
249

2, 342
249

2,344
248

2, 359
249

2, 370
248

2,381
249

Miscellaneous employment data:
Federal and State highways, total§
number. _ 315, 230
Construction (Federal and State)
do ... 130, 395
128, 859
Maintenance (State)
do
Federal civilian employees:
2, 313
United States
thousands. 256
Washington, D.^C., metropolitan area.^do
Railway employees (class I steam railways) :
1,330
Total
thousands. .
Indexes:
127.0
Unadjusted
1935-39= 100. .
125.2
Adjusted
do

r

538
168
194
152
••215
94
r
344
222

530
163
197
155
213
94
'336
217

'517
161
'165
122
'213
94
'330
213

103. 6

' 102. 9

' 101. 9

P99.9

103.7

' 103. 9

' 103. 5

p 101. 0

P514
P173
P214
"339

' r270, 654 p 290, 592
99, 013 p 113,876
118,411 ? 122, 354

2,389
248

2,392
248

2,419
251
1

1,330

1,332

1,321

1,305

1,293

^,285

1,257

1,252

1,255

' 1, 265

1,277

127.0
124. 3

127.1
124. 5

126.1
123.1

124.6
120.5

123. 3
122.2

122.2
124.2

119.9
124.6

119.4
122.3

119.7
122.7

f 120. 5
»> 122. 5

P 121.8
* 122. 2

p 120. 0
p 118. 3

129.8

126.4

128.4

130.9

129.8

129.8

132. 9

130.4

131.0

'131.9

' 127. 9

128.2

p 126. 2

40.7
41.8
42.4

40.2
40.9
43.1

40.3
41.3
43.9

40.6
41.6
44.2

40.5
41.7
44.0

40.5
41.5
43.9

41.2
42.2
45.1

40.8
41.8
44.4

40.7
41.7
44. 7

r

40. 7
'41.7
'44.3

39.8
40.8
M3. 3

MO. 2
Ml.l
M3. 8

MOM
Ml.l
M3.6

41.9
41.5
40.4
41.8
40.4
41.8

39.8
39.6
39.7
41.4
40.4
41.1

40.9
40.6
40.8
41.5
39.2
40.9

40.6
40.2
41.1
41.5
39.3
41.3

41.3
40.8
41.4
41.7
39.8
41.2

40.6
40.4
41.1
40.9
39.2
41.2

40.8
40.4
42.0
41.2
40.0
42.2

40.1
39.5
41.5
40.6
38.8
41.5

40.6
40.1
41.5
41.0
39.6
41.2

MO. 4
39.9
41.3
'41.1
'39.9
Ml. 4

40.8
40.5
MO. 6
40.6
39.0
'38.8

Ml. 2
41.1
MO. 8
MO. 9
40.0
'39.4

MO. 9
P40.8

41.4

40.8

40.2

41.0

40.4

41.0

41.9

40.8

40.6

Ml. 4

'37.0

37.7

41.9

40.9

41.4

40.4

41.6

41.1

41.4

41.5

41.6

Ml. 8

Ml. 6

41.9

42.3

41.8

41.8

Ml. 7

MO. 7

Ml. 2

1, 256

PAYROLLS
Manufacturing production-worker payroll index,
unadjusted (U. S. Dept. of Labor) 1-1947-49=100. .
LABOR CONDITIONS
Average weekly hours per worker (U. S. Dept. of
Labor) :
All manufacturing industries _
_ _ _ hours. .
Durable-goods industries
do
Ordnance and accessories _
_ _ do
Lumber and wood products (except furniture)
... - hours.
Sawmills and planing mills
do
Furniture and
fixtures
do
Stone clay, and glass products
do
Glass and glass products
_
do
Primary metal industries . .
do
Blast furnaces, steel works, and rolling
millsthours..
Primary smelting and refining of nonferrous
metals
hours..
Fabricated metal prod, (except ordnance, machinery, transportation equipment)hours.
Heating apparatus (except electrical) and
plumbers' supplies
hours
Machinery (except electrical)"
do
Electrical machinery
_
do
Transportation equipment
do
Automobiles
do
Aircraft and parts
do
Ship and boat building and repairs
do
Railroad equipment
do
Instruments and related products
do
Miscellaneous mfg. industries _
do
Nondurable-goods industries
Food and kindred products
Meat products
Dairy products
Canning and preserving
Bakery products
Beverages
Tobacco manufactures
Textile-mill products
Broad- woven fabric mills
Knitting mills

_

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

41.8

41.0

41.3

41.7

41.7

41.4

41.2
43.5
41.5
40.4
38.9
43.8
40.1
40.3
42.6
40.8

39.6
43.0
40.4
39.9
37.9
43.7
40.4
40.7
41.8
39.9

39.9
43.0
40.8
40.9
39.5
43.6
40.2
40.7
41.9
40.1

40.8
43.2
41.5
41.1
39.8
43.9
40.0
40.7
42.2
40.4

41.1
43.4
41.5
40.9
39.7
43.3
40.2
40.9
42.3
40.6

40.4
43.2
41.8
40.7
39.1
43.9
39.1
40.6
42.5
40.6

41.3
44.1
42.0
41.7
40.4
44. 1
40.5
40.8
42.6
41.4

40.5
43.9
41.9
41.5
40.5
43.2
40.7
41.0
42.1
41.0

40.4
43.6
41.6
41.4
40.4
43.2
40.0
41.4
41.7
40.8

40.5
43.5
Ml. 5
41.3
MOM
M2.9
MO. 9
' 41.3
Ml. 7
MO. 9

38.9
42.8
MO. 7
MO. 6
MO.O
Ml. 7
40.5
40.3
Ml. 4
MO. 1

40.0
M2. 9
MO. 6
Ml. 1
40.2
42.6
41. 1
40.4
Ml. 8
MO. 5

39.4
41.9
41.8
45.4
38.6
42.1
41.9
37.9
38.6
39.5
35.6

39.3
42.2
41.8
45. 4
40.8
42.2
42.0
37.6
37.7
38.3
35.4

39.1
42.0
41.3
44.9
41.7
41.9
41.9
38.5
36.7
37.1
35.3

39.4
42.8
41.9
45.0
43.5
42.1
41.8
39.5
36.9
37.1
35. 5

38.9
42.0
41.5
44.3
42.5
41.7
40.8
39.7
37.2
37.0
36.3

39.2
42.0
44.1
43.8
37.0
41.5
40.6
39.3
37.8
37.6
37.3

39.9
42.3
44.2
44.1
38.3
41.5
40.8
39.5
39.3
39.3
37. 8

39.5
41.6
42.5
44.0
38.0
41.2
40.5
38.4
38.9
39.0
37.0

39.5
41.4
41.4
43.9
38.4
41. 5
40. 7
36.9
38.8
38.4
37.8

39.3
Ml.O
MO. 4
M3.8
'38.1
Ml.O
MO. 4
36.6
38.1
r
37.2
37.8

'38.4
MO. 7
40.3
M4.0
'37.3
Ml.l
40.6
34.5
37.2
37.1
36.1

'38.9
Ml. 3
40.9
44.4
37.2
41.7
41.8
'37.9
'37.7
37.1
36.9

36.0
33.4

36.7
34.7

r

36.8
35.3

35.0
32.8

'36.4
33.0

35.7
35.9
42.5
43.6

36.5
36.4
42.4
43.6

36.7
36.2
42.6
43.8

35.8
34.1
Ml. 4
42.2

36.9
36.1
Ml. 8
42.6

38.6
35.8
40.3
41.6
40.4
40.9
41.0
40.9
40.9
38.4
38.2

38.4
36.1
39.7
41.4
4u.3
40.8
40.7
40.5
40.6
38.7
38.6

'38.7
36.1
40.3
Ml. 3
40.3
MO. 7
MO. 5
MO. 3
'39.8
38.7
'38.7

'38.2
'36.0
39.5
Ml. 2
40.2
40.4
40.2
'39.5
'39.1
37.0
36.5

'38.6
36.5
40.0
MO. 9
40.2
'37.3
35. 6
MO.O
39.3
'37.1
36.5

Apparel and other finished textile products
36.2
35.5
35.3
35.6
35.4
34.6
35.8
hours _.
36.0
32.2
33.7
36.2
35.1
32.5
35.0
Men's and boys' suits and coats
do
Men's and boys' furnishings and work
35.0
35.8
34.4
35.3
35.5
35.6
35.0
clothing
hours
34.4
35.8
33.8
34.9
35.4
34.6
32.8
Women's outerwear
do
42.8
43.1
42.5
42.4
42.8
42.6
42.8
Paper and allied products
__ do .
44.2
44.3
44.2
44.5
44.1
44.0
43.8
Pulp paper and paperboard mills do
Printing, publishing, and allied industries
39.4
38.8
39.2
38.6
38.6
38.7
38.7
hours. .
37.5
36.7
36.3
36.9
36.7
36.3
36.7
Newspapers
do
40.5
39.8
39.9
40.7
39.5
39.8
39.9
Commercial printing
do
41.7
41.6
41.7
41.5
41.8
41.8
41.8
Chemicals and allied products
do
40.7
40.4
41.3
41.3
41.0
40.3
40.8
Industrial organic chemicals
do
41.2
41.4
40.7
40.7
41.8
40.6
40.9
Products of petroleum and coal
do
41.1
40.4
41.3
41.6
40.2
40.4
40.6
Petroleum refining
do
41.2
41.0
40.9
41.9
40.5
40.7
40.3
Rubber products
do
41.0
41.2
40.9
40.5
41.4
41.7
39.9
Tires and inner tubes
do
37.8
37.1
36.4
36.7
35.9
35.4
35.6
Leather and leather products
do
36.9
34.6
35.6
35.4
36.3
33.9
33.9
Footwear (except rubber)
do
r
l
Revised.
» Preliminary.
Excludes data for Colorado and Wyoming.
tSee note marked "f" on p. S-ll.
t Revised series. Indexes have been shifted to new base period; monthly data beginning 1939 will be shown later.
§Total includes State engineering, supervisory, and administrative employees not shown separately.




r

Ml. 7

P38.5

Ml. 2

M2.8
P41. 1
MO. 9

M2.0
p40. 4
P39.4
P41.8

P39.0
P38.3

P36.3

M2.2
P38.6

p 41.0
Ml.l

p 40.2
"38.2

SURVEY OF CURRENT BUSINESS

August 1952

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

S-13
1952

1951
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.— 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
Telegraphf
do
Gas and electric utilities
do
Trade:
Wholesale trade
do
Retail trade (except eating and drinking
places) *
hours
General-merchandise stores
do
Food and liquor stores _ _
do_
Automotive and accessories dealers do
Service:
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 involved
thousands
Man-days idle during month
do
Percent of available working time

41.8
31.0
34.8

42.0
35.3
32.7

44.5
26.3
34.9

44.1
27.2
36.5

44.4
35.1
36.3

43.4
36.8
36.2

44.4
31.1
38.4

44.3
32.6
38.5

44.1
30.9
35.9

40.4
45.7
38.4
41.3
37.7

42.1
45.8
39.0
42.9
38.1

40.2
46.3
39.1
42.7
38.2

41.8
46.1
38.9
41.9
38.2

40.5
47.0
39.3
42.6
38.5

40.4
44.5
36. 8
38. 7
36.4

41.8
44.0
37.9
38.9
37.7

41.7
43.7
37.9
39.6
37.5

40.8
44.3
38.3
40.2
37.9

46.8
39.4
45.1
41.7

46.5
39.8
44.8
42.0

46.2
39.2
44.6
41.9

46.1
39.4
44.4
42.2

46.2
39.1
44.3
42.1

46.3
39.2
44.2
42.0

47.6
38.8
44.3
42.1

46.4
38.7
43. 9
41.9

40.7

40.7

40.7

40.9

40.8

40.8

41. 1

40.4
36.5
40.5
45.6

40.8
37.1
41.1
45.3

40.8
36.9
41.0
45.3

40.0
35.9
40.0
45.2

39.8
35.6
39.6
45.4

39.4
35.1
39.7
45.3

43.4
41.5
42.6

43.4
41.3
41.6

43.3
40.9
40.3

42.9
41.3
41.6

42.9
41.1
41.5

396
194

450
284

505
213

457
215

615
261
1,800
.21

644
345
1,880
.22

727
314
2,640
.28

' 44. 5
30.1
35.4

'43.3
28.1
29.7

44.4
33.8
30.2

41.6
43. 8
'r 37. 1
38. 5
'36.9

'40.8
'44.8
'38.1
' 39. 7
'37.7

40.3
45.9
38.9
41.5
38.2

46.5
38.5
43 9
41.4

' 46. 6
38.5

'46.2
35.1

46.6
39.0

' 41.4

41.4

41.5

40.7

40.4

40.4

'40.1

40.3

40.1
37. 0
40.0
45.4

39.8
35.8
39.4
44.9

39.8
35.9
39.4
45.0

T

39. 8
35 8
' 39. 5
'45.1

'39.8
' 35. 9
39.6
' 45. 5

39.7
35.8
39.2
45.4

43.1
41.0
40.7

43.2
41.4
41.1

42.8
41.5
40.7

42.8
40.9
39.8

r

42.5
'40.9
40.1

'42.6
'40.9
'41.1

42.3
41.4
41.7

487
248

305
84

186
82

400
190

350
185

400
240

475
1,000

475
300

425
170

693
340
2,540
.33

728
365
2,790
.30

521
191
1,610
.19

357
130
1,020
.13

600
250
1,250
.14

550
250
1,270
.15

600
320
1,400
. 17

650
1,200
5,300
.61

675
1,200
7,500
.90

650
1,000
14, 000
1.68

1

r

U. S. Employment Service placement activities:
Nonagricultural placements
thousands _ Unemployment compensation (State laws):
Initial claims
do _ . _
Continued claims
do
Benefit payments:
Beneficiaries, weekly average _
do
Amount of payments
thous. of dol..

585

586

628

621

610

498

426

473

427

465

566

572

581

1,118
3,704

1,086
4,042

950
4,071

724
3,329

902
3,692

948
3,817

1,152
4,114

1,382
6, 157

890
5, 169

867
4,834

1,109
4,825

915
4,445

978
4,255

821
68, 780

748
65, 922

801
75, 131

758
62, 049

713
67, 449

749
68, 607

797
70, 624

1,185
1 16, 469

1, 146
105, 023

1, 1 13
101, 564

993
94, 385

918
86, 958

918
83, 511

Veterans' unemployment allowances:
Initial claims
thousands
Continued claims
do
Amount of payments
thous. of dol..

1
5
97

1
5
105

1
5
93

1
3
66

1
3
53

1
3
50

1
3
57

1
4
83

4.9
4.3
.4
1.0
2.5
.4

4.2
4.4
.3
1.3
2.4
.4

4.5
5.3
.4
1.4
3.1
.4

4.3
5.1
.3
1.3
3.1
.4

4.4
4.7
.4
1.4
2.5
.4

3.9
4.3
.3
1.7
1.9
.4

3.0
3.5
.3
1.5
1.4
.3

4.4
4.0
.3
1.4
1.9
.4

3.9
3.9
.3
1.3
1.9
.4

65.08
70.27
71.02

64.24
68.79
73.10

64.32
69.55
73.71

65.49
71.01
76.47

65.41
71.10
75.50

65. 85
71.05
75.68

67.40
72.71
77.62

66.91
72.15
77. 26

66.91
72.18
78.76

' 67. 40
'72.81
' 78. 85

65.83
71.03
' 76. 94

' 66. 61
'71.72
' 78. 40

p 66. 98
* 71. 76
p 77. 78

61.51
60.92
56.03
65.25
65.97
76.03

57.43
57.46
55.74
65.04
67.14
74.76

60.49
60.29
57. 53
64.74
63.19
73. 70

61.51
61.06
58.40
65.74
65.40
75.79

62.32
61.49
58.79
65.93
65.67
74.82

60.86
60.56
58.81
65.03
65.50
75.23

60.18
£9.47
60.48
65.30
66.28
77.73

57. 02
56.56
59.84
64.35
64.14
76.86

59.11
58.47
60.26
65.23
65.54
75.85

' 59. 59
'58.85
' 60. 67
' 65. 76
' 66. 59
r 76. 55

' 61. 36
60. 59
' 59. 40
' 65. 00
r
65. 33
'71.08

' 60. 07
60.75
' 59. 49
' 65. 48
66.72
' 72. 57

P 60. 08
P 65. 77

78.70

77.64

75.25

78.72

75.79

77.49

79.44

77.93

76.53

' 78. 33

' 69. 23

70.95

70.73

69.90

70.46

68.64

70.47

69.95

71.58

73.54

73.17

' 74. 03

r

73. 51

74.50

69.43

67.98

68.68

70.14

70.39

69.92

71.78

71.06

71.27

' 71. 43

' 69. 64

' 70. 78

P 70. 99

69.50
76.65
67.15

67.40
75.42
66.13

67.23
75.94
66.34

69.89
77.24
68.06

70.65
77.86
68.27

69.53
77.63
69.10

71.49
79.95
69.97

70.07
79.81
70.22

69.85
79.70
69.93

' 70. 35
T
80. 00
' 70. 43

' 67. 53
' 78. 50
' 69. 11

69.60
' 78. 94
' 68. 94

p 78. 84
P 70. 32

75.14
74.88
77.31
70.42
75.64
69.44
57.85

74.33
73.30
77.48
71.59
75.82
68.18
56.46

76.36
76.31
77.48
71.96
77.05
68. 51
56.82

77.43
77.53
79.28
71.52
76.96
69.93
57.61

77.14
77.34
78.07
73.57
77. 06
70.26
58.18

77.05
76.44
79.85
72.37
76. 49
70.98
58.71

79. 48
79.91
80.57
74.12
77.81
71.70
60.53

79.47
80.55
79.53
74.85
76.79
71.02
59. 94

79.24
79.83
80.01
74.32
78.12
71.02
60.18

' 80. 08
' 80. 84
' 80. 57
'76.81
' 78. 55
'71.47
' 60. 57

' 78. 28
80. 00
' 77. 27
' 75. 17
76.21
' 70. 63
' 59. 11

' 79. 53
80. 64
79.41
76.49
75.95
' 71. 98
' 60. 35

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

(2)

3
65

(2)

(2)

3
54

3.9
3.7
.3
1.1
2.0
.3

2
44

3.7
4.1
.3
1.3
2.2
.3

(2)

1
31

3.9
'3.9
.3
' 1.1
2.2
.3

(2)

1
28

v 4. 8
*3. 7
.3
p 1.0
p2.l
v .3

WAGES
Average weekly earnings (U. S. Department of
Labor) :
All manufacturing industries.
.dollars. .
Durable-goods industries
do
Ordnance and accessories ...
do.
Lumber and wood products (except furniture)
dollars _.
Sawmills and planing mills
do
Furniture and
fixtures
_
do
Stone, clay, and glass products
do
Glass and glass products .
do
Primary metal industries
do
Blast furnaces, steel works, and rolling mills!
dollars..
Primary smelting and refining of nonferrous
metals
dollars
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
dollars- Heating apparatus (except electrical) and
plumbers' supplies
dollars- Machinery (except electrical)
do
Electrical machinery
_
do
Transportation equipment
do
Automobiles
do
Aircraft and parts
_
do
Ship and boat building and repairs. __do
Railroad equipment
do
Instruments and related products . do
Miscellaneous mfg. industries
do

r

r

v 63. 09

P 70. 07

P 79. 35

P 72. 79
p 60. 48
2
' Revised.
* Preliminary.
1 See note "t" rfothis page ; compara' Die figure fc>r Decemb 3r 1951, 43. 3.
Les 5 than 500 (Claims.
fRevised series. Beginning 1952, data cover all clomestic (1and-line) e mployees e xcept mess engers ancI those conipensated e3ntirely on a commiss ion basis; 3arlier dat£i exclude ge neral and
divisional headquarters personnel and trainees in sch ool.
*New series. Data beginning 1947 will be shown later.
: See note nmarked "f on p. S-ll




SURVEY OF CURRENT BUSINESS

S-14
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

August
1952

1951

June

July

August

September

October

November

December

January

February

March

April

May

June

' 59. 56
' 64. 14
69.90
63. 05
48.58
61.30
77.12
' 45. 44
«• 50. 82
49 53
46.79

p 60. 68
p 65. 08

r> 45. 27

EMPLOYMENT AND POPULATION—Continued
WAGES— Continued

Average weekly earnings, etc.— Continued
All manufacturing industries— Continued
Nondurable-goods industries
dollars..
Food and kindred products
do ._
M^eat products
do
Dairy products
do
0
Canning and prefer vin "
do
Bakerv products
do
Beverages
do
Tobacco manufactures
do _
Textile-mill products
_.
do_
Knitting mill^
do
Apparel and other finished textile products
dollars. _
Men's and
boys' furnishings and work
cloth in0"
dollars
Paper and allied products

do

Printing, publishing, and allied industries
dollars- .
Newspapers
do
Commercial printing
do
Chemicals and allied products
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
4nthracite
do
Bituminous coal
do _
Crude-petroleum and natural-gas production :
Petroleum and natural-gas production
^sonmetallic mining and <iuarr'vin2[
do
Contract construction
do
Non build ing construction
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
do
Telegraph f
do
Gas and electric utilities
do
Trade:
Wholesale trade
do
Retail trade (except eating and drinking
places)*
dollars
General-merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers.. .do
Finance:
Banks and trust companies
do
Service:
Hotels year-round
do
Laundries
do
Cleaning and dyeing plants
do
Average hourly earnings (U. S. Department of
Labor) :
All manufacturing industries
... dollars .
Durable-goods industries
do
Ordnance and accessories .._
do . Lumber and wood products (except furniSawmills and planing mills
do
Furniture and
fixtures.
do
Stone clav, and glass products
do
Glass and glass products
do
Primary metal industries
do
Blast furnaces, steel works, and rolling millst
dollars
Primary smelting and refining of nonferrous
metals
dollars
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
dollars..
Heating apparatus (except electrical) and
plumbers' supplies
dollars
Machinery (except electrical) _
do
Electrical machinery
do
Transportation equipment.
do
Automobiles
_
do
Aircraft and parts..
. __ do _ _ .
Ship and boat building and repairs. ..do
Railroad equipment
do
Instruments and i elated products
do
Miscellaneous mfg industries
do

58.47
61. 80
67.88
61.11
49.25
57.93
75.21
44.49
51.07
52 10
45. 18

58. 48
61. 65
68.26
62.02
49.20
58.15
75.64
44.03
49.58
50 25
44. 57

57. 91
61.15
67.48
60. 70
53.00
58.07
75.13
44.08
48.08
48 30
44.44

58. 67
62.06
68 46
62 10
54 33
58 69
75 11
44. 75
48. 74
48 75
44 84

58. 00
6] 91
67 65
60 60
56 87
58 38
72 54
45. 30
49 29
48 77
46 06

59. 07
63 34
73 51
60 09
47 80
59 26
74 54
46. 26
50. 46
50 01
47 56

48 08

44.05
52 85

45.10
52 82

46.11
51 56

45.89
51 ^8

43.70
47 81

45.12
47 50

36.82
47. 52
65. 56
70 84

36. 15
52, 35
65. 44
71 . 73

36 99
53. 45
64. 84
70 38

37 67
51 50
65! 57
71 29

37 14
47 33
65. 32
71 15

75. 82
83. 16
74. 86
68.72
72.48
81.20
84.76
71.27
82.44
46.90
43.79

75. 50
82. 36
74. 86
69.01
73. 06
84. 06
87.94
70.81
83. 67
47.12
44.39

75.54
82.29
74.77
68.18
71.67
80. 55
83.70
69. 52
82.07
46.19
43.29

77. 69
85. 13
76 99
68. 43
72 54
83. 21
8fi. 60
70.18
81.64
45. 92
42 73

70.89
68.94
77.67

72.32
79. 50
73.71

75.74
58. 52
77.23

78.74
67.82
82.41
81.48
82.71

83 32
68. 84
83.73
84.81
83.63

72.77
58.12
65. 44
71.06

' 60. 13
«• 63. 30

r 58. 75
' 62. 96
r 68. 43
r 62. 44
r 50. 43
' 60. 09
«• 74. 05
41. 23
49.89
49 19
M5.81

60.04
63 40
69 66
62 79
50 35
59' 04
72 94
45 27
52 40
52 10
47 66

60. 12
63 30
68 72
62 29
51 11
60 09
73 50
43. 69
52. 22
^1 19
48 31

46. 26
49 QS

46.40
en nn

47. 56
51 67

r 52 63

r 4£ 08

r 45. 10
48 51

38 13
50 41
65. 64
71 31

38 09
52 30
66. fiS
72 29

38
53
66
71

39
54
66
71

02
78
57
68

39 34
53 14
' 67. 48
r 72 93

38. 13
47.50
r 65. 45
' 70. 01

39. 26
49. 40
'66.46
71. 14

76.27
84. 59
75. 13
68. 18
71 17
81.72
84. 68
68. 67
78. 76
45. 31
41. «3

77. 09
85. 51
76 57
68 72
71 63
SI . 28
84. 89
69. 46
80.27
45. 85
41.93

79. 43
88. 65
78. 75
69. 10
72 45
82.94
87.14
73. 91
86. 26
48. 61
45. 57

77.28
83 13
78 18
W 06
72 "*!
82 66
86.67
74 19
86. 99
49. 54
47 52

77. 64
84. 19
77 26
f)8. 81
72 02
82. 09
85. 63
73.31
85. 75
50. 19
48. 52

>• 79. 06
' 84. 55-

r

78. 16
84. 92
' 78.01
r 69. 3S
73 00
r 82. 09
r 85. 47
* 70. 94
'81.02
' 48. 40
46. 25

' 79. 67
87. 38
79. 68
r
69. 73
73 ?0
r
75. 16
76. 22
* 72. 24
82. IS
' 48. 45
45. 99

76. 43
60. 36
81.61

76.10
78.24
80. 62

74.43
81.84
81.09

79. 43
69. 98
86. 28

79.12
73 58
86.39

79. 25
68.97
80. 27

r

' 78. 03
62 52
' 66. 32

80. 45
75. 81
66. 83

78. 15
69. 59
84. 46
85. 27
84.31

83 68
70. 63
85. 19
84.72
85. 42

78 93
71.72
86. 26
86 61
86.20

7Q Q9

83 85
67. H2
83. 83
79.08
84. 94

84
66
84
81
85

5°)
69
74
26
35

82 29
67. 60
85. 95
82. 73
86. 60

r 34 57
* 67. ,50
' 83. 51
r
79. 46
r
84. 57

r

68. 35
81 . 66
79. 30
82.26

82 13
f>9. 26
' 85. 19
' 82. 14
r
85. 84

SI 08
71.10
8-6. 47
85. 45
86. 60

73. 19
59. 30
71.23
71.82

72.72
58.84
70.47
71.73

73.11
59. 97
72.33
72.88

73.23
59.94
72 34
72.92

73.11
60.84
72.13
73.29

75 35
59. 44
72.21
73. 63

73 92
59 68
70 77
73 20

73. 52
59. 83
70.90
72.82

r

74. 89
59. 29

«• 74. 47
54.23

76.24
61.07

••73.28

' 73. 15

73. 70

64.35

64. 55

64. 51

65.64

65. 44

65. 52

66. 58

66.42

66.13

' 66. 62

' 66. 53

66.90

50.74
37.70
54.72
67. 03

51.49
38.51
55.44
66.91

51.37
38.01
55. 23
67.18

50. 80
37.19
54. 24
67.94

50. 43
36. 56
53. 90
67.24

49.92
36. 12
54. 35
67.13

49.92
37. 52
54. 44
67. 06

51 22
38. 27
54 53
66. 68

50. 98
37. 44
54. 45
67. 37

r
50. 90
r 37. 20
' 54. 87
r
67, 74

' 51. 14
f 37. 08
' 55. 04
' 69. 52

51.97
38. 41
55. 04
71.46

1

06
38
39
29

' 68 W
r

63 55

r 51 4Q
r

59 29
«• 73. 41
' 43. 88
51.32
r 4Q 48

T

48. 16
47. 36

' 69. 18
r
7° 54
82 09

r

r 85. 50

' 72 5S
T
83. 46
r
50. 46
r
49. 15
80. 59
67. 00
' 79. 26

r

43. 61

r

r

p 47- 42
p 51. 59

p 67. 52
p 79. 44
p 70. 52
p 85. 20
» 73. 28
F 50. 81

50.06

50. 50

50.28

50.36

50.78

51. 13

51. 81

52. 05

52.14

? 52. 30

f 52.01

52. 11

35. 24
38.06
45.45

35. 46
37.83
44.26

35. 29
37.38
42. 56

35. 78
37. 87
44.72

35. 91
37. 73
44.36

36. 20
37.93
43.71

36. 81
38. 34
44.14

36. 47
38 55
44.08

36. 59
37. 96
43. 14

r

' 36, 38
38. 00
' 43. 39

' 36. 64
r 38. 20
' 44. 88

36. 46
38. 96
46.00

1.599
1.681
1.675

1.598
1.682
1.696

1.596
1.684
1.679

1.613
1.707
1.730

1.615
1.705
1. 716

1. 626
1.712
1.724

1. 636
1. 723
1.721

1.640
1.726
1.740

1.644
1.731
1.762

' 1. 656
r
1. 746
' 1. 780

1.654
1.741
' 1. 777

' 1. 657
r
1. 745
' 1. 790

p 1.658
p 1. 746
p 1. 784

1 46^
1.468
1.387
1.561
1.633
1.819

1 443
1. 451
1.404
1.571
1. 662
1. 819

1 479
1.485
1.410
1.560
1.612
1.802

1. 519
1.421
1.584
1. 664
1. 835

1. 507
1.420
1. 581
1.650
1.816

1 499
1. 499
1.431
1. 590
1.671
1.826

1 4" 5
1.472
1.440
1. 585
1. 657
1.842

1.432
1.442
1. 585
1. 653
1.852

1 456
1. 458
1. 452
1. 591
1. 655
1.841

' 1. 475
' 1.469
M . 600
* 1 . 669
' 1. 849

r 1. 496

' 1 . 463
' 1. 601
r
1. 675
' 1. 832

1.478
r
1 . 458
' 1. 601
1. 668
' 1.842

p 1 . 469
p 1.612

1.901

1.903

1.872

1.920

1.876

1.890

1. 896

1.910

1. 885

«• 1. 892

' 1.871

1.882

1.688

1.709

1.702

1.699

1.694

1.702

1.729

1.772

1.759

' 1. 771

' 1. 767

1.778

p 1.820

1.661

1. 658

1. 663

1. 682

1 . 688

1 . 6S9

1. 697

1.700

1. 705

' 1. 713

'1.711

r

1. 718

p 1. 723

1.687
1.762
1.618

1.702
I. 754
1. 637

1.685
1.766
1.626

1. 713
1.788
1. 640

1.719
1.794
. 645

1.721
1.797
1 . 653

1.731
1.813
1. 666

1.730
1.818
1. 676

1. 729
1 . 828
1. 681

' 1. 737
' 1.839

r 1. 736
r 1.834

r I

' 1. 698

1.740
1.840
' 1. 698

p 1.842
p 1.711

1.860
1.925
1.765
1.756
1.877
1.630
1.418

1.803
1 . 934
1 . 773
1.772
1.863
1 . 631
1. 415

.867
.932
.777
. 790
.893
.635
.417

1.884
1 . 948
1.806
1.788
1.S91
1. 057
1. 426

.8%
. 948
. S03
. 830
. S84
1.601
1. 433

1 . 893
1 . 955
1.819
1 . 851
1.884
1 . P.70
1.446

1.906
1.978
1.827
1 . 830
1.907
1.6H3
1. 462

. 915
.989
.841
.839
.873
.687
. 462

1.914
1. 976
1 . ^52
] . X.'S
1 . 887
1. 703
1. 475

1 . 507
1 . 50S

1.515
1.5 If)
1. 053
1. 394
1.332
1.432
1.801

.520
. 524
. 639
.427
. 325
. 433
1.801

1 522
1 . 529
1. 660
1. 410
1.331
1. 448
1. 806

r

1.488
1.484
.481
1.489
1.491
Nondurable-goods industries
. _
do
1 . 461
. 456
1.475
1 . 450
1.474
Food and kindred products.
do .
1.630
1.624
1.633
1.634
1.634
Meat products .. .
do
1 . 366
. 352
1.346
1.380
1.368
Dairy products
_
do
1 . 206
1.276
.271
1.338
1. 249
Canning and preserving
do .
. 386
1 . 376
1.378
1.394
1.400
Bakery products _ . _
__. _ do __
1.801
1.795
. 793
1.797
1.778
Beverases.. ... _ . ...
. __do._ _
r
p
Revised.
Preliminary.
i See note "f" on p. S-13; comparable figure for December 1951, $70.47,
IRevised series. See note " t" on p. S-13.
*New series. Data beginning 1947 will be shown later.




60. 45
64 13
73 06
61 48
51 02
59 43
73 48
46. 53
52. 70

i (\(\~

1. 372
1 . 292
1.428
1 . 836

note marked "I" on p. S-ll.

697

' 1. 939
' 2. 001
" 1. KTS
r
1. 878
1 902

' 1. 928
' 2. 000
1 . 853

r

1. 714

r 1 . 70()

1. 481

' 1. 474

r

r
I. 530
' 1.M4
<• 1 691
r

1 12S

'1 349
1. 44 ;
r
I M7

r

r 1. 856

1. 891

1 . 530
r 1. 547
r 1 fiP8
T
1. U9
r 1.352

<• 1. 462
' 1. 824

' 1.935
2. 006
1. 864
1. 861
1.8SO
r
1.722
r
1 490

T' 1.940

r

p 1 540
p 1 557

r

1 531
1 553
1 . 709
i 420
1 306
1.470
1.845

p 1.733
p 1 497

S-15

SURVEY OF CURRENT BUSINESS

Align st 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

1952

1951

June

July

August

September

October

November

December

January

February

March

April

May

June

' 1. 199

p 1. 216
p 1. 347

EMPLOYMENT AND POPULATION—Continued
WAGES— Continued

Average hourly earnings, etc. — Continued
All manufacturing industries— Continued
Nondurable-goods industries— Continued
Tobacco manufactures
_ _ _ dollars. _
Textile-mill products
do
Broad-woven fabric mills
_do
Knitting mills
do
Apparel and other finished textile products
dollars..
Men's and boys' suits and coats
do
Men's and boys' furnishings and work
clothing
dollars
Women's outerwear
_
.do
Paper and allied products
do
Pulp, paper, and paperboard mills_do
Printing, publishing, and allied industries
dollars..
Newspapers
do
Commercial printing
do
Chemicals and allied products
do
Industrial organic chemicals
do
Products of petroleum and coal
do
Petroleum refining
do
Rubber products
do
Tires and inner tubes.
do. __
Leather and leather products
do
Footwear (except rubber),
do
Nonmanufacturing industries:
Mining:
Metal
do
Anthracite
._ . .
do.. .
Bituminous coal
-do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
dollars ..
Nonmetallic mining and quarrying
do
Contract construction
do
Nonbuilding construction
do
Building construction. ..
.
do. _.
Transportation and public utilities:
Local railways and bus lines
do
Telephone
_
_ __do_
Telegraphf
. do
Gas and electric utilities
do
Trade:
Wholesale trade.. .
- do
Retail trade (except eating and drinking
places)*
. .dollars
General-merchandise stores .
_ . .do
Food and liquor stores
do
Automotive and accessories dealers .. .do. _
Service:
Hotels, year-round
do
Laundries.
do
Cleaning and dyein g plants
do
Miscellaneous wage data:
Construction wage rates (E. N. B.):§
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 ...

1.174
1.323
1. 319
1.269

1.171
1.315
1.312
1.259

1.145
1.310
1.302
1.259

1. 133
1.321
1.314
1.263

1. 141
1.325
1.318
1. 269

1.177
1.335
1.330
1. 275

1.178
1.341
1. 339
1.272

1.179
1.347
1. 336
1. 288

1.184
1.346
1. 333
1.278

r

1.248
1.468

1.274
1.459

1.288
1.473

1.289
1.481

1.263
1.471

1.271
1.478

1. 278
1.483

1.289
1. 497

1.296
1.489

1. 287
' 1. 491

1.052
1.406
1. 521
1.599

1.051
1.500
1.529
1.612

1.048
1.510
1.522
1.596

1.061
1.497
1. 532
1.613

1.061
1. 443
1. 537
1.617

1.071
1. 457
1. 5-48
1. 628

1. 064
1. 461
1. 558
1. 634

1.066
1.487
1.562
1. 635

1. 069
1. 505
1. 570
1. 644

r

1. 954
2.266
1.881
1. 648
1.755

1.956
2.269
1.881
1. 659
1. 769

1.952
2.267
1.874
1 . 643
1.748

1. 982
2.307
1.901
1.641
1.778

1. 976
2. 305
1.902
1.631
1,766

1 . 992
2. 330
1.919
2.644
1 . 77?,

2. 016
2. 364
1. 9?,5
1. 653
1. 780

2. 002
2 322
1.940
1. 660
1.785

2. 022
2. 332
1.946
1 662
1.787

1.995
2.098
1.701
1.977
1.278
1.230

2.011
2.114
1.727
2.021
1.270
1.223

1.984
2.082
1.708
1.992
1 . 269
1.223

2.010
2 107
1.716
1 . 996
1.279
1.235

1. 998
2. 096
1.704
1. 974
1.280
1.234

1.997
2.091
1.715
1.982
1.288
1.237

2. 013
2. 110
1.794
2. 104
1. 286
1.235

2. 021
2. 114
1. 814
2.127
1.290
1. 244

2.012
2 104
1.810
2.112
1 297
1. 257

1.696
2.224
2.232

1.722
2.252
2. 254

1.702
2.225
2.213

1.733
2. 219
2 236

1.714
2.229
2 221

1.715
2.224
2.240

1. 789
2. 250
2. 247

1 786
2. 257
2 244

1 797
2 232
2 236

1 811
2, 226
" 2 239

1. 949
1.484
2.146
1.973
2. 194

1.979
1.503
2.147
r i 977
2.195

1.944
1 . 503
2. 160
1 997
2.207

2. 002
1.532
2 190
2 022
2. 236

1 . 949
1.526
2 195
2 033
2. 239

1.956
1 . 536
2 219
2 049
2. 260

2. 006
1. 530
2 212
2 033
2. 253

2.027
1.526
2 2369
9 05
2. 276

2.017
1. 526
9
244
2 Or>8
2 285

' 2. 033
r
1.541
2 251

1 . 555
1.475
1.451
1.704

1.574
1. 490
1. 590
1.710

1.574
1.501
1 . 580
1.712

1 586
1 522
1 . 629
1 727

1 585
1 533
1.633
1 732

1 579
1.5529

i.63

1 745

1 583
1 532
1. 630
1 749

1
1
1
1

1
1
1
1

581
554
615
7^9

1. 581

1.586

1.585

1 605

1 604

1 606

1 620

J 632

1 637

1.256
1.033
1.351
1.470

1.262
1.038
1.349
1.477

1.259
1.030
1.347
1.483

1 270
1.036
1 356
1 . 503

1 267
1.027
1 361
1 481

1.267
1.029
1 369
1.482

1.245
1.014
1 361
1.477

1 287
1.069
1 384
1 485

1
1
1
1

9

.812
.917
1.067

817
916
1. 064

.815
.914
1.056

834
917
1.075

837
918
1.069

840
925
1.074

852
926
1.074

852
929
1. 083

855
928
1.084

1.615
2.648

1. 629
2 688

1.637
2 701

1.637
2 701

1. 645
2 719

1.646
2 728

1.651
2 751

1.654
2 758

1.659
2 758

9 770

1.751

.82
1.768
1.24

1.746

1. 794

73
1.748
1.33

1.779

1.801

86
1.807
1 29

1 830

1 809

437
435

490
434

492
480

493
517

4.^8

408
678

396
71^

T

r

1

593
542
612
747

81
043
382
497

1.199
1.347
1.330
1.274

1.195
1.341
1.326
1. 269

r

1. 348
1.335
1.268

1.246
' 1. 466

r

1. 239
1.470

1.072
1.468
1. 584
' 1. 665

1.065
1.393
••1.581
r 1.659

1.064
1.371
* 1. 590
1.670

T

2. 043
2. 342
1. 974
1. 675
' 1.800

' 2. 046
' 2. 359
r 1. 975
r
1 . 684
1.816

' 2. 064
2. 394
1. 992
r
1. 705
1.821

P 2. 058

••2.017
2 111
1. 801
r
2. 097
r
1 304
r
1. 270

' 2. 032
T
2. 126
r ] . 796
' 2. 072
T
1. 308
' 1. 267

r 2. 015

p 2. 073

2. 141
* 1. 806
2.091
r
1. 306
1.260

1.802
2.225
2 233

1.812
2.243
2 213

2. 013
r
1. 546
r 2 236
r 2 069
'2 277

2.012
1.549
2 223
2 059
2. 267

r l 607
r ] 54Q

r 1 612

1 545

1 636
1 566

r ] 770

r i 767

1 776

r 1 Q49

r I 65Q

1 660

r ] 279

T i 285

1 309
1 073
1 404
1 574

r

r

T

r

T

r 9 Q64
T

2 292

T i Q39
1 389
r ] ^02
r

T

856

929
L082

1.664

f

r

r

r I

033

r i 390
r 1 528

r §60
r 934

p 1. 247

P 1. 600

p 1.720

* 1. 823
?• 1. 330

1.092

862
941
1. 103

1.680
2 774

1.690
2 797

1.706
2 808

83
1 788
1 38

a 87

FINANCE
BANKING
Acceptances and commercial paper outstanding:
Bankers' acceptances
mil. of dol
Commercial paper, ,
. ..do
Agricultural loans outstanding of agencies supervised by the Farm Credit Administration:
Total
...... - - mil. of dol._
Farm mortgage loans, total
do
Federal land banks
do
Land Bank Commissioner .. _ _ do .
Loans to cooperatives
do
Short-term credit
do
Bank debits, total (141 centers)
New York City
Outside New York City

do
do
do

425
331

380
336

384
368

375
377

399
697

420
660

2 110
1,029
998
32
429
651

123, 770
47 971
751 799

117,231
44 802
72 428

129,549
53 500
76 049

123,059
48 106
74 953

114,113
45 375
68' 7Q8

49 046
24, 734
624
23 939
21 166
49 046
20 945
19,670
490
24, 680
46.4

49 900
25. 009
19
23 801
21 468
49 900
9
1 199
20, 056
389
25, 064
46.4

48 941
23, 783
390
22 729
9] 731
48 941
21 004
20, 077
634
24, 405
47 Q

4Q ^9^

4.8 fcnn

4Q 911

4Q ^4Q

23, 904

23, 270

23, 632

24, 152

23,551

99 1fi°
99 TQ6

99 9^1
99 1 1)1

99 14-}

19, 940
797
24.332

19, 778
r
591
24, 567

18 A

AQ. 1

2,097
1,012
974
37
315
771

333
791

347
786

2 129
1,020
985
35
360
749

120,699
48, 588
72, 110

110,756
43 224
67, 532

111, 190
41 363
69 827

107, 504
41 145
66 359

398
410

Federal Reserve banks, condition, end of month:
Assets, total
mil. of dol
47, 634
47 547
47 755
48 740
49 116
Reserve bank credit outstanding, total... do
24, 043
24, 033
24, 309
24, 427
25, 058
j 9Q
Discounts and advances
do
53
277
552
186
United States Government securities do
22, 982
23 078
23 127
23 734
23 552
Gold certificate reserves .
__ _ . do
20, 514
20, 504
20,611
20 775
2l' 004
49 \ \ (5
Liabilities, total
do
47, 634
47, 547
47 755
48 740
Deposits, total .
do
20, 598
20, 606
20, 678
21 453
20 868
Member-bank reserve balances
do
19, 020
18, 863
19, 181
19, 391
19, 557
416
Excess reserves (estimated)
do
467
717
569
497
Federal Reserve notes in circulation
do
23, 630
23, 726
24, 020
24, 148
24, 261
Reserve ratio
percent. .
46.4
46.1
46.3
45.6
46.5
" Revised.
*> Preliminary.
^See note "t" on p. S-13; comparable figure for December 1951, $1.609.
fRovised series. See note "t" on p. S-13.
*New series. Data beginning 1947 will be shown later.




CQQ

99

528
21* 9Q2

534
2 194
1 050
1 021
30
077

422
544

2 313
1 074
1 046
27
343

7fifi

oon

337
8f\n

125, 269

124, 664

121,433

129, 810

75 089

72 607

71 898

74 888

CA

357

416
495

430
510

1 (DA

99 P 1 4

22 115

6"A

8QR

M

Q99

4Q '•?9'>

21 336
19, 982
728
24, 423
48 1

20 >T46
19, 733
492
24, 371
4O a

« Rate as of July 1, 1952.
§Rates as of July 1, 1952: Common labor, $1.755; skilled labor, $2.849.

19, 381
v —160

24,826
/tc c

SUEVEY OF CUEEENT BUSINESS

S-16
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

August 1952
1952

1951

June

July

August

September

October

November

December

January

February

March

April

May

1
i

June

FINANCE—Continued
BANKING— Continued
Federal Reserve weekly reporting member banks,
condition, Wednesday nearest end of month:
Deposits:
Demand adjusted
mil. of doL.
Demand, except interbank:
Individuals, partnerships, and corporations
mil. of dol_States and political subdivisions
do
United States Government
~do_ _
Time except interbank, total
do
Individuals, partnerships, and corporations
mil. of dol__
States and political subdivisions
do .
Interbank (demand and time)
do
Investments total
do
TJ. 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 agricultural. _ do
To brokers and dealers in securities
do
Other loans for purchasing or carrying securities
mil. of doL_
Real-estate loans
do
Loans of banks
._. do
Other loans
,do
Money and interest rates :d"
Bank rates on business loans:

49, 916

50, 383

50, 976

50, 533

52, 124

53, 040

53, 370

54, 328

52, 683

51, 162

52, 303

52, 863

51, 708

50, 500
3,589
4,679
15,539

50, 860
3, 644
2,673
15, 551

51, 174
3,362
2,609
15,635

51. 696
3,300
3,747
15, 676

53, 517
3,465
2,543
15, 829

53, 964
3,466
2,241
15, 792

55, 554
3,582
2,225
16, 026

54, 798
3, 694
1,644
16, 070

53, 646
3, 599
2, 545
16, 205

51, 729
3,710
3,666
16, 318

52, 913
4,070
3,184
16, 383

53, 152
4,021
2,917
16, 509

52, 818
3,705
6,914
16, 631

14, 661
743
10, 422
37, 758

14, 673
740
11, 103
37, 613

14, 741
751
10, 807
37, 572

14, 795
734
11, 345
37, 926

14, 958
719
11, 948
38, 565

14,915
720
11, 737
38, 772

15, 152
712
13, 519
39, 056

15, 176
728
11, 834
39, 260

15, 275
761
11,481
38, 833

15, 385
764
12, 042
38, 316

15, 444
767
10, 998
38, 563

15,554
780
10,895
38, 983

15, 689
763
11, 990
41, 019

31, 176
2,745
1,585
19, 478
7,368
6,582
32, 877
19, 220
1,399

30, 997
2,648
2,224
19, 442
6,683
6.616
32, 487
19, 124
1,390

30, 930
2,593
2,239
19, 486
6,612
6,642
32, 916
19, 502
1,170

31, 212
2,934
2,493
19, 142
6,643
6,714
33, 482
20, 078
1,242

31,926
3,748
3,010
19,212
5,956
6, 639
34, 083
20, 571
1,077

32, 082
3,949
2,994
19, 185
5,954
6,690
34, 488
20, 865
1,148

32, 224
4,129
3, 596
18, 531
5, 968
6, 832
35, 161
21, 419
1,340

32, 419
4,319
3,698
18, 456
5, 946
6,841
34, 757
21, 160
969

31, 892
3, 855
3,798
18. 286
5, 953
6,941
34, 693
21, 157
1,077

31, 163
3,415
3,611
18, 220
5,917
7,153
34, 795
21, 172
1,278

31, 456
3,624
3,684
18, 274
5,874
7,107
34, 770
20, 796
1,695

31,719
3,544
3,728
18, 524
5,923
7, 264
34. 863
20, 530
1,885

33, 582
3,734
3,885
20, 016
5,947
7,437
36, 474
20, 507
2,792

716
5,530
523
5,947

700
5,545
324
5,865

698
5,584
518
5,906

692
5,605
414
5,915

684
5,653
627
5,950

680
5, 670
657
5,949

687
5, 658
564
6,028

667
5,669
822
6,011

660
5, 652
691
5,999

677
5, 657
540
6,021

660
5.674
438
6,056

659
5, 690
463
6,187

790
5,726
759
6,394

1.75
2.66
4.17

1.75
2.69
4.17

3 27
3 01
3 23
3 67
1.75
2.71
4.17

1.75
2.73
4.17

1.75
2.73
4.17

3.45
3.23
3 47
3 79
1.75
2.73
4.17

1.75
2.73
4.17

1.75
2.73
4.17

3.51
3.27
3 46
3.90
1.75
2.73
4.17

3.07
2.78
3.04
3.52
1.75
2.23
4.08

1.75
2.37
4.13

1.75
2.47
4.13

3.06
2.79
3.06
3.47
1.75
2.64
4.13

1.63
2.31
2.25
2.38

1.63
2.31
2.25
2.38

1.63
2.26
2.25
2.38

1.63
2.19
2.25
2.38

1.63
2.21
2 25
2". 3 8

1.63
2.25
2.25
2.38

1.09
2.31
2.38
2.47

1.75
2.38
2.45
2.56

1.75
2.38
2.38
2.56

1.75
2.38
2.38
2.56

1.75
2.35
2.38
2.56

1.75
2.31
2.38
2.56

1.75
2.31
2.38
2.56

1.499
2.00

1.593
1.94

1.644
1.89

1.646
1.93

1.608
2.00

1.608
2.01

1.731
2.09

1.688
2.08

1. 574
2.07

1.658
2.02

1.623
i 1.93

1.710
1.95

1.700
2.04

11,821
2,788

11, 840
2,772

11,867
2,754

11,915
2,738

11,941
2,724

12, 018
2,714

r

12,175
2, 705

12, 208
v 2, 698

12, 267
v 2, 685

12,382
* 2, 670

12,438
* 2, 656

12, 531
P 2, 637

12, 678
P 2, 619

Total consumer credit, end of month___mil. of doL.
Instalment credit, total
do
Sale credit, total
do
Automobile dealers
do
Department stores and mail-order houses
mil. of dol_Furniture stores
_ ______
- do
Household-appliance stores
do
All other retail stores (incl. jewelry)
do

19, 256
12, 955
7,234
4,041

19, 132
12, 903
7,173
4,061

19, 262
13, 045
7,247
4,138

19, 362
13, 167
7,327
4,175

19, 585
13,196
7,355
4,134

19, 989
13, 271
7,400
4,100

20, 644
13, 510
7, 546
4,039

20, 126
13,314
7,322
3,962

19, 717
13, 185
7,158
3,927

' 19, 788 P 20, 298
'r13, 319 P 13,811
7, 099
v 7, 421
>• 3, 946
v 4, 171

v 20, 941
P 14, 404
P 7, 795
•P 4, 433

1,055
874
602
662

1,022
854
590
646

1,015
859
590
645

1,028
870
600
654

1,056
890
607
668

1,099
908
608
685

1,186
971
613
737

1,129
933
592
706

1,082
909
567
673

1,060
893
548
655

Cash loans, total
do
Commercial banks
do
Credit unions
do
Industrial banks
do
Industrial-loan companies - _ _ _
_.do _ _
Insured repair and modernization loans
mil. of dol__
Small-loan companies
do
Miscellaneous lenders
do

5,721
2,515
522
288
209

5,730
2,492
524
288
211

5,798
2,521
531
293
217

5,840
2,524
533
296
221

5,841
2,522
535
299
222

5,871
2,509
535
299
225

5,964
2,510
542
301
229

5,992
2,521
541
300
230

6,027
2,542
545
301
232

6,109
2,593
553
303
235

872
1,151
164

882
1,167
166

888
1,181
167

894
1,203
169

904
1,191
168

922
1,211
170

938
1,268
176

951
1,273
176

956
1,275
176

963
1,285
177

3,804
1,399
1,098

3,743
1,393
1,093

3,724
1,398
1,095

3,696
1,401
1,098

3,868
1,413
1,108

4,190
1,422
1,106

4,587
1,436
1,111

4,253
1,445
1,114

3,967
1,448
1,117

356
86
44
35
204

339
76
44
35
206

389
90
49
40
210

351
78
42
35
183

373
86
52
40
205

347
83
45
38
228

354
84
50
42
292

393
85
46
38
184

373
91
46
37
181

7,603
7,089
48
6,611
719
225

2,833
2,571
48
1,886
722
177

4,165
3,594
50
3,131
806
178

6,524
6,209
42
5,691
707
83

2,708
2,635
52
1,653
885
117

3,951
3,521
47
2,935
805
164

5,576
5,279
44
4, 599
823
111

5,153
4,953
44
3,944
826
339

6,194
5, 553
43
5,258
805
88

New York City
do
7 other northern and eastern cities
do
11 southern and western cities
do
Discount rate (N. Y. F. R. Bank)
do
Federal intermediate credit bank loans
do
Federal land bank loans
do
Open market rates, New York City:
Acceptances, prime, bankers', 90 days
do
Commercial paper, prime, 4-6 months
do
Call loans, renewal (N. Y. S. E.)
do
Time loans 90 days (N. Y S. E.)
do
Yield on IT. S. Govt. securities:
3-month bills
do
3_5 year taxable issues
- __ do
Savings deposits, balance to credit of depositors:
New York State savings banks
mil. of dol._
U S postal savings
do
CONSUMER CREDIT

Charge accounts
Single-payment loans
Service credit

_
_

do
do
do

Consumer instalment loans made during the month,
by principal lending institutions:
Commercial banks
mil. of dol
Credit unions _ __
do
Industrial banks
do
Industrial-loan companies _
- d o __
Small-loan companies.
do

r

19, 565
13, 156
7,047
3,891

1,064
894
r 541
••654

v 1, 101
P924
P551
?674

P 1, 132
P952
P580
P698

6, 220
2,642
568
307
239

v 6, 390
v 2, 726
"589
"319
J>246

P 6, 609
P 2, 840
^614
"330
P254

'983
1,302
179

v 1, 009
v 1, 320
"181

P 1, 042
P 1, 346
P183

3,913
1,437
1,119

P 3, 921
P 1,431
P 1, 135

P 3, 972
P I , 432
P 1, 133

429
95
52
41
216

429
103
50
39
211

*479
*116
P52
P 44
"236

p496
p 123
P56
p44
P248

10,800
9,886
44
9,816
825
115

5,187
4,323
47
4,186
849
105

4, 688
3,809
45
3, 663
828
152

10, 220
9,796
45
9,147
845
183

5,704
689
404
3,425
1,186

6,016
350
367
3,775
1,523

5,659
172
359
3,791
1,337

6,930
1.518
361
3,699
1,353

r

3,855
1,443
1,111

r

r
r

FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
Receipts, total
_ __ _ _
Receipts, net
Customs
Income and employment taxes
Miscellaneous internal revenue
All other receipts - _ _.

mil. of dol
do
do
do
_
do
__do

4,739
5,969
5,163
Expenditures, total . ... _ _ _. _
do. _.
5,087
232
222
1,557
580
Interest on public debt
do
384
435
422
422
Veterans Administration
_ _
do
2,495
2,930
3,040
2,628
National defense and related activities
do_ __
1,142
1.533
1, 533
1,403
All other expenditures
do
r
J
Revised.
P Preliminary.
Beginning April 1, 1952, in eludes 1% 3ercent not e of Decem ber
o* For bond yields see p. S-19




5,483
5,178
5,627
5,455
5,105
497
173
1,057
228
142
411
478
397
449
396
3,166
3,015
3,070
3,414
3,155
1,409
1,512
1,103
1,363
1,412
15, 195£ ,and2H I)ercent borid of Marc b 15, 1956-f 8.

SURVEY OF CURRENT BUSINESS

August tfl52
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

S-17

1951
June

July

August

September

1952
October

November

December

January

February

March

April

May

260,
25S
221
36
2

36
13
77
36
2°
3

258, 08
255 79
219 30
36 49
2 29
4

258, 29
256 10
219 35
36 74
2 19

259, 105
256 863
219 124
37 539
2 242

4

259, 90
257 73
220 54
37 19
2 16
4

57 82
33
41

57 81
33
42

57 77
31
43

57 73
29
42

57 807
364
431

OQA

381

2 425

Qfi

95
19

369
68
95
16
57
76

54
75

June

FINANCE—Continued
FEDERAL GOVERNMENT FINANCE— Con
Public debt and guaranteed obligations:
Gross debt (direct), end of month, total
mil. of dol
Interest-bearing, total
do
Public issues
_
do
Special issues
do
Noninterest bearing
do
Obligations guaranteed by U. S. Government
end of month _ _ _ _
mil. of dol
U. S. savings bonds:
Amount outstanding, end of month
do_
Sales, series E, F, and G
do
Redemptions
.
do
Government corporations and credit agencies:
Assets, except interagency, total .__ mil. of dol
Loans receivable, total (less reserves).. _ do_
To aid agriculture
do_.
To aid home owners __
do
To aid railroads _
do
To aid other industries..
__
do
To aid banks
do
To aid other financial institutions
do..
Foreign loans
do
All other
do
Commodities, supplies, and materials. .. do
U. S. Government securities
do...
Other securities
do
Land, structures, and equipment
do „

255, 22
252, 85
218, 19
34,65
2,37

255, 65
253, 32
218, 61
34,70
2,33

57,78
28
47

57,73
31
48

256, 64
254 32
219 17
35 14
2,32
3

35
95
32
63
39
3

57,69
31
43

57,66
27
39

25,18
13, 50'
3,67
1,80
10
49
0)
824
6, 15:
627
1,719
2,185
3,47'
2,999
•I

257,
254
219
35
2

O(\Q

258,
255
220
35
2

29
94
32
61
35

259,
257
221
35
2

60
25
39
86
35

259,
257
221
35
2

41
07
16
90
34

259,
257
221
36
2

77
48
24
23
2Q

3

4

4

3

57,66
33
41

57,71
31
36

57 73

57 80

29
40

44
49

25,66
13,90
3,89
1,98
104
494
0)
755
6,133
720
1,515
2,236
3,472
3,025
1, 514

26, 74
14 42
4, 16
2 14

1 46
2,226
3 463
3,358
1,813

597
6 096
731
1 322
2 422
3 451
3,40f
1,835

26
14
4
2

10
488
0)
81

(i)

6 110

779

85
42
23
363
98
473

Liabilities, except interagency, total
Bonds, notes, and debentures:
Guaranteed by the United States
Other.
Other liabilities....

do

2,340

2,383

2 573

2 4QQ

do
do .
do

29
1,378
932

34
1,399
949

43
1,369
1,161

38
1 214
1,247

Privately owned interest..

do

315

322

329
23, 842

349
24, OK

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 9
mil. of dol. _
Mortgages purchased. __ _
do
Other loans
do

99 WZ

872

862

856

831

823

819

803

7R4

7fi7

463
94
103
19

460
93
103
18

457
92
102
18

442
92
102
18

433
92
102
18

428
91
102
18

419
84
99

408
79
99
19

398
76
96
18

75
82
36

72
81
35

71
81
36

60
80
37

60
80
40

60
79
42

44

57
78
45

57
77
45

4ft

4fi

4fi

65, 727
59, 085

66, 128
59, 437

66, 455
59, 701

66, 777
59, 961

67 181
60 347

67 476
60 514

67 983
60 919

68 554
61 385

68 907
61 734

fiQ 9^0
62 125

69 604
62 500

69 959
62' 789

58, 091
37, 486
12, 741
10, 480
10, 457
3,024
11, 263
765
14, 921
1,283
13, 639
2,146
r
1, 324
r
1, 449

58, 431
37, 574
12, 657
10, 417
10, 503
3,033
11, 381
751
15, 139
1,298
13, 841
2,156
1,342
1,468

58 702
37, 572
12, 410
10, 166
10 548
3,044
11 570
739
15 365
1,310
14 054
2,167
1 361
1,499

58 975
37, 652
12, 326
10, 050
10 587
3,065
11 675
721
15 518
1,319
14 198
2, 175
1 378
1,531

59 282
37 776
12, 229
9 956
10 647
3 088
11 812
735
15 676
1 330
14 347
2 182
1 401
1,511

59 556
37, 759
12, 060
9 829
10 703
3 111
11 885
851
15 851
1 338
14 512
2 190
1 408
1,497

59 999
37 946
11,871
9 657
10 781
3 134
12 160

60 350
38 056
11, 767
9 561

60 640
38 187
11,706
9 514

fi1 9°.7

38 385
11, 588

38 587
11,546

fil *\47
38 692
11, 275
91 ^1

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

2,258
306
475
1,477
93
356
315
134
166
58
138
49
166

2,183
298
420
1,465
95
346
320
130
172
57
130
51
164

2 135
251
424
1 460
93
323
321
128
174
58
142
53
167

1 923
189
449
1 285
81
284
284
118
155
54
116
47
145

2 256
226
481
1 549
104
347
336
132
195
75
132
54
174

2 398
398
453
1 547
102
357
328
139
184
76
128
54
177

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
Surrender values...
do
Policy dividends
do

338, 256
142, 116
42, 984
8,247
28, 916
50, 892
65, 101

307, 283
135, 428
38, 234
8,152
28,478
48, 203
48 788

327 525
148,811
39 785
8,580
29 426
50 231
50 692

327 648
147, 059
40 377
8,605
29 545
51 965
50 097

315 371
136, 825
42 448
8,311

19
60
78

46

797

19

57
76

57

77

cc

cq

16

LIFE INSURANCE
Assets, admitted:
All companies (Institute of Life Insurance), estimated total t
.
mil. of dol
Securities and mortgages t
do
49 companies (Life Insurance Association of
America), total
mil of dol
Bonds and stocks, book value, total
do..
Govt. (domestic and foreign), total
do
U. S. Government
do
Public utility
do
Railroad. _
do
Other
_
do
Cash
_
do
Mortgage loans, total
do
Farm
_
do
Other
do
Policy loans and premium notes
do
Real-estate holdings
do
Other admitted assets
do

288 393
122, 338
35 119
7,453
26 483
42 855
54 145

Of)

CCA,

46 769
en ^ K O

848
16 027
1 350
14 676
2 193
1 426
1,559

m &14

in 84 R

3 150
12 326

19 47H

924

851

7&O

H QOQ
2 199

1 357

1 375
14 Qfi1
2 90A

9 91 7

1,554

1,615

1,628

1,597

1,637

2, 495

2,571

2,803
1,684
111
388
349

207

497
1, 735
115
406
367
142
209

178

168

161

1 565
101
333

qqq

102

99

qqq

fin
149

140

156

i fin

CO

113
363

19fi
Ififi

Ai
CO

11,096

9OQ ef\n

13, 380
16, 852

1 4Hfi

205

15, 413
2, 246
1, 498
1,633

2,589
442
464
1,683
113
382
355
148
203
69
161
60
192

344, 261 336, 714
339, 822
155,851
149, 388
150, 656
148, 980
41, 738
38, 111
37, 479
35, 126
7,988
9,887
8,273
8,351
8,666
8,367
8,651
97 QS7
30, 671
30, 826
29,
175
31,
177
47 71 9
57, 169
58, 473
55, 895
50, 453
53, 980
72, 489
58, 952
55, 142
65, 435
I; such loans outstanding as of June 30,1952, amounted to $59,000,000.
07

CAQ

167, 995

148, 934

g t e p t e m a are
{Revisions for January-July 1950 are shown in corresponding note in the October 1951 SURVEY
§Revisions, available upon request, are as follows: Total insurance written, January 1949-January 1951 group, January 1950-January 1951; industrial. 1949.




770

1 c qqf>

qoo

qo 7on

q -i on

75jp

1 fi 1 8^

477
436

364 248
141, 621

4DQ

3 164

2 473

152
199
68
138
60
181

9

SURVEY OF CUREENT BUSINESS

S-18
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

1952

1951

June

July

August

September

October

November

December

January

February

March

April

May

June

FINANCE—Continued
LIFE INSURANCE— Continued

Life Insurance Association of America:
Premium income (39 cos.), total—- thous. of dol__
Accident and health
do
Annuities
_ do
Group
_
_
do
Industrial
do
Ordinary
_
do

548,412
'51,958
59, 188
42, 143
r
82, 758
r
312, 365

502, 612
50, 164
79, 708
43, 924
66, 224
262, 592

517,615
62. 341
57,154
46, 426
61,425
290, 269

508, 393
48, 730
60, 247
37, 410
77, 350
284, 656

519, 296
56, 990
61, 955
45, 518
72, 254
282, 579

526, 031
59, 737
73, 785
41,151
60, 787
290, 571

743, 465
71,169
148, 522
48, 449
115, 161
360, 164

549,118
53, 541
90, 144
60,164
63, 880
281,389

540, 742
58, 392
72 425
47, 211
66, 827
295, 887

647, 575
63, 831
84, 833
52, 941
87, 382
358, 588

520, 597
61,474
65, 077
46, 677
62, 142
285, 227

583, 172
65, 448
65, 718
46, 683
85, 525
319, 798

617, 890
60, 836
71,293
46, 790
88, 711
350, 260

21, 756
46, 270
41,422
3, 840
62, 738
38, 235
12,690
5, 624

21, 759
-8, 790
28, 374
12, 165

21,854
136,976
19, 183
15,533

22,013
] 76, 654
3,462
14,341

22, 233
243, 381
26, 326
7, 896

22, 382
188, 370
9,366
7, 302

22, 695
289, 861
2,375
8,800

22 951
137, 452
13, 223
76, 864

23, 290
23, 190
152,219 -103,092
1,473
17,805
1 58, 600
168, 129

23, 297
—75, 357
1,313
97, 932

23, 296
27, 084
2.824
30, 060

23, 346
19, 266
3, 445
40, 051

38, 869
12,054
5, 167

39,112
12,078
6,351

37,819
12, 564
6, 100

38, 646
13, 243
6, 330

38,214
13, 033
5,415

37, 773
13, 160
4, 850

5, 147

182
16,828

665
4,686

194

250

88

89

.884

.902

6,616
.902

678
4,807
.902

6, 975
.881

6, 284
.880

2,405
2,037
3, 932

1,794
2,712
2, 758

2, 006
1,107
2,835

1,896
6, 562
2,585

1 983
4,493
3,079

27, 809
185,038
2,424
7,930
174,684
88, 960
59, 948
25, 776

27, 851
184, 500
2,400
6,300
175, 800
90, 700
60, 000
25, 100

28, 155
185, 200
2, 300
6,000
177,000
91, 400
60, 300
25, 300

28, 288
187,300
2,200
7,200
177,900
92, 000
60, 500
25. 400

34.4
22.2

31.1
20.9

27.0
20.0

31.7
21.8

MONETARY STATISTICS
Gold and silver:
Gold:
AT onetary stock IT S
mil of do'
Net release from earmark!
_thous. of doLGold exports _
do
Gold imports
_ _ _ _.
do
Production reported monthly total
do
Africa
do
Canada (incl. Newfoundland)
do
United States
do
Silver:
Exports
_ _.
_ - do .
Imports
do
Price at New York
dol. per fine oz
Production:
Canada (incl Newfoundland) thous offneo?
Mexico
c!o
United States
do
Money supply:
Currency in circulation
_
mil. of dol
Deposits and currency, total
do_^ _
Foreign banks deposits, net
do
IT. S. Government balances. _ _ _ _ _ do .
Deposits (adjusted) and currency, totaL.do
Demand deposits, adjusted
do _
Time deposits
do
Currency outside banks . _
do
Turn-over of demand deposits except interbank and
U. S. Government, annual rate:
New York Citv
ratio of debits to deposits..
Other leading cities _
_.
do

T

38 741
12,410
4 962

36, 602
12,343
4,848

38, 830
12,765
4,647

12,710
4,961

513

142

553

3, 656
.880

157
6, 125
.880

6,177
.880

8,126
.880

4, 633
.880

1 977
3,414
3. 134

1 968
5,547
3,219

1 788
?), 338
3,766

2 016
2, 605
3,430

2 080
5,318
3,854

2 527
4,768
4,043

3, 273

28, 417
189,200
2, 100
5, 500
181,600
95, 000
60, 900
25, 700

28, 809
190, 500
2,100
5, 600
182, 700
96, 300
60, 600
25, 800

29, 206
193, 404
2,279
5,141
185, 984
98, 234
61,447
26, 303

28, 386
p 191. 600
v 2, 100
p 4, 300
^185, 200
P 97, 900
v 61 , 700
v 25, 600

28, 465
28, 473
* 191,500 v 192.300
p 2, 200
v 2. 200
P 5, 900
v 7, 100
v 183, 400 p 182, 900
P 95, 700
p 94, 800
v 62, 000
v 62. 400
P 25, 600
p 25, 700

28, 464
P 192, 200
P 2, 200
P6,300
P 183, 800
P 95, 100
P 62 700
P 25, 900

28, 767
p 192, 900
p 2, 300
p 6, 200
p 184. 400
p 95. 300
p 63, 000
v 26, 000

29, 026
p 195, 000
P 2, 300
P 7, 400
p 185, 300
v 95, 800
P 63, 500
P 26, 000

30.4
20.9

31.4
22.0

37.9
22.6

30.1
20.6

34.4
21.1

34.3
21.3

38. 6
22.2

1, 584
1 278
1,109

1,409
1 251
1,239

704
80
452
36
303
299
40
257
2

677
56
376
119
306
306
151
144
11

587
38
615
11
158
155
3
141
11

2,161

2,325

2, 452

1 963

2 080

702
163
82

2 255

606
135
64
805
248

947
514

255
34
44
46

848
291

247
124
23
25

355
52
29
70

1 357

1 378

722
397

928
396

1 603

32.5
21.4

34.0
22.0

1, 535
4, 680
.854

215
5,038
.828

PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Federal Reserve):!
Profits after taxes total (200 corps.) mil. of dol
Durable goods total (106 corps )
do
Primarymetalsand products (39 corps.) do
Machinery (27 corps )
do
Automobiles and equipment (15 corps.) do
Nondurable goods total (94 corps )
do
Food and kindred products (28 corps.) do
Chemicals and allied products (26 corps ) do
Petroleum refining (14 corps )
do
Dividends total (200 corps )
do
Durable goods (106 corps )
do
Nondurable goods (94 corps )
do
Electric utilities, profits after taxes (Fed. Res.)t
mil of dol
Railways and telephone cos. (see p. S-23).

839
497
193
82
183
342
40
120
118

762
428
176
73
142
334
46
111
127

148

" 756
v 445
P 162
* 81
v 170
•P 312
v 41
T ]08
v 126

475
273
202

475
273
203

567
325
242

i> 482
v 273
P 210

195

168

226

v 257

932
565
217
123
185
368
52
' 125

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

r
7
r

1, 402
1, 173
1, 142
'774

89
280
31
r
229
'229

'89
137
3

937
810
802
476
8
319
8
127
124
29
93
2

634
441
398
248
0
151
43
192
192
20
172
1

1

986

1,288

792

966
937
463
107
368
29
322
322
16
288
18

642
337
40
265
50
!94
194
20
170
4

976
836
815
517
0
297
22
140
140
47
89
4

1,093

1 232

883
838
562
0
276
45
211
205
83
102
19

930
929
541
39
349
1
302
302
10
71
221

855
697
667
346
36
285
30
158
158
74
76
8

1,220
1 139

994
812
38
144
145
81
81
13
63
4

Securities and Exchange Commission :f
1, 694
3, 985
1,351
1, 619
1,789
1, 638
Estimated gross proceeds, total
do
1, 780
2, 194
1, 698
1,649
By type of security:
3,762
1, 523
1,219
1, 554
1, 555
1, 368
1, 545
Bonds and notes, total _
do ._
2, 063
1 534
1 425
637
360
376
324
422
403
Corporate
_
.-do ..
636
474
314
748
132
152
55
31
Common stock _
do
106
105
132
48
154
161
39
35
127
Preferred stock. _ _
.. .__
do .
166
104
83
10
63
By type of issuer:
531
861
508
390
Corporate, total
do
655
673
871
605
478
972
158
389
233
160
314
Manufacturing ___
. d o ..
220
487
354
291
373
259
190
152
128
201
267
Public utility
do
260
186
112
400
18
92
26
30
18
Railroad
_
do .
76
23
17
29
12
3
g
52
8
2
3
3
Communication
do
16
37
26
75
28
126
15
Real estate and financial- .
do
'
63
24
15
15
13
20
1,163
3,
125
843
Noncorporate, total
_. do
i
1,134
1,230
965
909
1 589
1 220
677
834
765
2,830
656
651
U. S. Government
do
655
601
1 024
967
515
321
283
152
269
State and municipal
do
397
302
296
565
222
145
r
Revised.
p Preliminary.
1 Includes International Bank securities not shown separately.
§0r increase in earmarked gold (—).
{Revisions for 1939—1st quarter of 1951 for manufacturing corporations and electric utilities and for January-March 1951 for SEC data will be shown later.




1 576
1 273
1,237

1

652
112
84

9"^

694

SUEVEY OF CURRENT BUSINESS

Augusl 1952

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

S-19

1951

June

August

July

September

1952

October

November

December

January

February

March

April

May

June

FIN ANCE—Con tinued
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
Workin0" capital
do
Retirement of debt and stock, total- ..do
Funded debt
do - _ .
Other debt
do
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
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. ofdol
Short-term
do

847

521

500

381

639

660

856

595

469

954

789

929

836

714
471
242
121
54
58
9
12

469
350
119
47
26
18
3
5

436
342
94
50
21
27
3
14

343
286
58
33
18
15
0
5

548
404
144
65
10
53
2
26

570
488
83
72
42
29
1
18

771
682
90
55
42
11
2
29

559
487
72
23
8
15
0
13

413
278
134
49
35
13
1
7

875
655
221
60
15
45
0)
19

688
490
197
80
13
64
3
22

755
617
139
171
136
35
0
3

747
553
194
84
38
46
0
5

384
336
46
255
238
14
26
26
0
3
9
1
124
72
52

154
124
29
187
185

230
198
31
150
139
11
9
9
0
3
3
0)
27
12
3

156
142
14
127
124
3
30
30
0
8
8
0
14
11
3

306
263
41
197
178
18
18
16
2
15
15

214
180
30
262
251
11
76
61
15
37
37
0)
14
11
1

480
428
34
255
240
15
22

349
331
11
184
177
7
17
17
0
2
2

285
238
43
110
107
3
29
29
0

366
336
20
393
365
28
12
12
0
6
6
0)
20
15
2

244
226
13
250
233
14
34
34
0
43
40
3
46
44

503
448
54
242
221
21
123
31
91
22
22
0)
25
21
3

287
255
31
349
331
17
51
16
35
29
29
0
70
68
0

335, 166

105,887

364, 091
74, 901

156,214

249, 434

36.315

299, 109
210 915

265, 503
215 196

574, 694
93 863

303, 614
156 037

150, 618
200, 194

456 005
172 674

406, 484
232 726

623, 816

84 760

381, 580
191 104

185
389

175
445

163
458

249
308

220
340

286
454

249
380

248
338

220
304

191
286

219
364

198
286

229
378

364
1,275
834
680

1,266
825
072

1,260
816
624

1,290
843
640

1,291
853
653

1,279
805
649

378
1,292
816
695

1,289
809
633

1,280
r
790
652

1,293
756
734

1 315
756
818

1,312
795
847

3(55
1,327
708
912

18
18
0
51
51
0
74
70
1

0)

62
48

99

0
25
24
1
23
18
3

0)

14
11
1

(i)

3
0
13
12

o

r
r

117,022

COMMODITY MARKETS
Volume of trading in grain futures:
Corn
Wheat
.

mil. of bu
do

SECURITY MARKETS
Brokers' Balance* (N. Y. S. E. Mem hers
Carrying Margin Accounts)

Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances
Money borrowed

mil. ofdol
do
do
do

Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.),
97.86
98.72
99. 23
total § - .-. _ _ . ..
.
dollars
98. 29
98.48
97. 43
98.01
97 83
98 2f>
98.61
97 82
98 8°
98 87
98.37
99.22
99. 73
Domestic
do
98.98
98 75
98 78
97 92
98 49
98 30
99 10
98 30
99 31
99 36
71.78
72. 93
73.66
Foreign _
__
do
73. 00
72. 44
73. 10
72 65
73 39
73. 48
73 07
73. 69
73
70
73 75
Standard and Poor's Corporation:
Industrial, utility, and railroad (Al-f issues):
116.6
118.0
116.2
116. 9
117.1
Composite (17 bonds)
dol. per $100 bond..
115. 6
114.8
116.2
115.3
115.9
116. 5
116.2
116.3
128.6
132. 0
132. 1
129.4
Domestic municipal (15 bonds)
do
130.8
131.3
130. 9
131 5
131 6
130.9
132 1
131 9
132 7
97.62
98. 22
98. 90
97.93
99. 10
96. 85
II. S. Treasury bonds, taxabledo. .
96.^7
96.27
96. 87
97. 52
98. 32
98 91
97 95
Pales:
Total, excluding IT. S. Government bonds:
All registered exchanges:
54, 048
54, 075
53, 065
52, 767
Market value. ___"
thous. of dol._
66, 533
58, 376
51,332
63, 229
52,971
51, 113
47, 052
61, 104
59,014
63, 267
62, 621
60, 666
Face value
do._
79. 81 8
66, 368
75, 892
59, 745
71,347
61 626
56, 942
62 064
72 093
71 124
New York Stock Exchange:
51, 192
Market value
do
52, 560
51, 120
64 609
50, 590
56 026
45 275
60 802
49 298
51 432
49 640
59
63
'
?
57 456
60, 114
60, 534
Face value
. ._ do
62, 649
57, 957
75, 600
67' 670
72 524
57 82J
58 610
53 328
59 968
69 663
67 2^9
New York Stock Exchange, exclusive of stopped
55, 399
52,111
56,211
59 393
sales, face value, total § _ . ... thous. of dol
56, 400
67, 291
60, 525
49 109
48 559
66 971
58 123
62 055
61 6^4
2
Q
Q
Q
0
0
1T. S. Government
do
0
68
3
10
0
0
30
55, 399
52,111
56,211
Other than U. S. Government, total§
do
56, 398
67, 281
60, 522
66, 903
48, 559
49, 109
58, 093
62,
055
59,
323
61,624
r> r r
49, 191
Domestic.
_ _.
.. . .. _._ do
49. 960
45, 548
45, 698
58, 350
54 325
59 389
53 39]
41 895
42 912
52 190
) )80
55 691
6,179
Foreign
______
do
6, 192
6,515
8 867
10, 65U
6 079
6 613
7 399
6 174
5 858
5 933
6 410
5 ^18
Value, issues listed on N. Y, S. E.:
97, 818
99, 271
Market value, total, all issues!
mil. of dol_.
97, 925
98, 457
97, 511
95, 634
96, 269
97, 151
96,158
90, 699
95, 964
97,311
97 ° 5 5
96, 163
94 431
Domestic _ _
_ do
96, 777
96, 290
97, 580
95 876
95 427
93 920
94 537
94 978
9^ 583
94 238
95 625
1,366
Foreign
do
1,399
1,347
1, 389
1.345
1,332
1,349
1,339
1,344
1. 338
1, 343
1,345
1,347
99, 958
100, 045
Face value, total, all issuesf
do
99, 975
99, 197
99, 206
98, 158
98, 221
99,318
98, 292
98,415
98, 474
97, 3.15
98, 466
97, 754
Domestic
do
97, 846
97, 775
97, 050
97, 063
95, 920
97, 075
95, 985
96, 183
96, 0609
95, 092
96, 249
96, 239
Foreign
.
_
d»
1,904
1,899
1,847
1,900
1 843
1 843
1 839
1 836
1 R97
1 S3
1 831
1 823
1 825
Yields:
Domestic corporate (Moody 's)
percent _ _
3.16
3.12
3.08
3.17
3.13
3.25
3.24
3.20
3.18
3.19
3.17
3.16
3.16
By ratings:
9 gg
Aaa_
_
do
2 96
2.94
2 94
2 88
2 84
3 01
2 98
2 n«
2 93
q ni
Aa _ _ __
do
2.99
2 92
2 88
2 99
2 93
3 02
3 06
3 059
3 AO
3 21
A .
do
3 23
3 17
3 15
3 18
3 31
3 26
33
CO
q e-t
Baa_ _
do
3.49
3 53
3 50
3 46
3 50
3
61
3
59
3 56
3
By groups:
Industrial.
_ _
do
07
2.96
2 97
2 92
2 89
2 93
2 97
3 00
3 00
2 00
2
Public utility
do
3.18
3.13
3.19
3.09
3.14
3.24
3.21
3.23
3.19
3.21
3.19
3.19
3.20
Railroad _ _ _ _
do
o
90
3.33
3 36
3 31
3 27
3 31
3 50
3 42
3 48
3. 32
Domestic municipal:
f) fl7
Bond Buyer (20 bonds)
_.
do
2 21
2 00
2 06
2 05
2 04
2 11
2 no
2. 10
2. 15
Standard and Poor's Corp. (15 bonds)
do
2.22
2.18
2.04
2.05
2.08
2.10
2.07
2.10
2.04
2.07
2.01
2.05
2.10
U, S. Treasury bonds, taxable
do. _
2.65
2.63
2.57
2.56
2 61
9 70
9 7A
9 fifi
9 74
9 71
2 0 fl/t
0 -!1
O K"7
r
Revised.
1 Less than $500,000_.
2 Beginning April 1, 1952, series based on taxable bonds due or callable in 12 years and over; prior thereto, 15 years and over.
|Revisions for January-March 1951 will be shown later.
§Sales and value figures include bonds of the International Bank for Reconstruction and Development not show Tn separately; these bonds are included also in computing average price of
all listed bonds.




SUKVEY OF CURRENT BUSINESS

S-20
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

August 1952
1952

1951

June

July

August

September

October

November

December

January

February

March

April

May

June

FINANCE—Continued
SECURITY MARKETS—Continued
Stocks
Cash dividend payments publicly reported:?
Total dividend payments
mil. of dol. . 1, 134. 4
79.4
Finance
do
731.0
Manufacturing
do
88.7
Mining
do
Public utilities:
40.2
Communications
_ . do
69.8
Heat light and power
do
50.7
Railroad
- .do
48.0
Trade
do
26.6
Miscellaneous
__ _ do
Dividend rates, prices, yields, and earnings, 200
common stocks (Moody 's):
Dividends per share, annual rate (200 stocks)
4.15
dollars..
4.53
Tndustrial (125 stocks)
do. _ _
1.87
Public utility (24 stocks)
do
2.58
Railroad (25 stocks)
__ _
...do
2.63
Bank (15 stocks)
do
2.73
Insurance (10 stocks) . .
do
Price per share, end of month (200 stocks). .do
Industrial (125 stocks)
do
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Yield (200 stocks)
percent..
Industrial (125 stocks)
.do.. _
Public utility (24 stocks)
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)
do
Railroad (25 stocks)
do
Dividend yields, preferred stocks, 11 high-grade
(Standard and Poor's Corp.)
percent..
Prices:
Dow-Jones & Co., Inc. (65 stocks) __dol. per share. .
Industrial (30 stocks)
do
Public utility (15 stocks)
do_.
Railroad (20 stocks)
do
Standard and Poor's Corporation:
Industrial, public utility, and railroad :§
Combined index (480 stocks). _. 1935-39 =100..
Industrial, total (420 stocks)
do
Capital goods (129 stocks)
do
Consumers' goods (195 stocks) _ . do
Public utility (40 stocks)
do
Railroad (20 stocks)
. do
Banks, N. Y. C. (16 stocks) ...
do
Fire and marine insurance (17 stocks)
do.
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
mil.ofdol
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..

534.7
125.3
206.7
6.1

214.9
40.6
102.4
2.5

1, 148. 4
81.1
761.2
92.2

533.9
104.5
213.4
7.3

243.3
53.4
113. 7
1.7

1, 819. 6
212.6
1,134.4
152.1

505.7
107.4
169.6
4.7

181.4
42.3
64.4
2.3

1, 202. 1
75.9
813.5
97.6

533.5
93.0
195. 2
8.2

233.5
44.8
117.7
3.4

1, 176. 4
79.8
754.0
97.6

78.2
53.7
11.0
39.5
14.2

.7
47.3
7.8
7.8
5.8

40.0
66.0
35.9
50.4
21.6

82.3
56.2
13.0
42.0
15.2

.7
49.4
10.9
8.2
5.3

41.7
80.9
69.6
80.9
47.4

83.4
53.2
17.8
56.8
12.8

.7
46.3
7.1
15.0
3.3

25.5
74.2
51.6
39.8
24.0

89.8
57.6
24.1
53.9
11.7

.8
48.6
3.3
10.4
4.5

42.4
76.2
55.8
45.6
25.0

4.18
4.55
1.87
2.58
2.63
2.73

4.11
4.45
1.88
2.58
2.63
2.73

4.12
4.47
1.90
2.55
2.63
2.73

4.09
4.43
1.90
2.55
2.63
2.73

3.92
4.19
1.90
2.58
2.63
2.73

3.88
4.13
1.90
2.55
2.64
2.84

3.92
4.18
1.90
2.55
2.64
2.84

3.92
4.18
1.89
2.64
2.64
2.84

3.92
4.19
1.91
2.65
2.60
2.84

3.94
4.21
1.91
2.65
2.60
2.84

3.95
4.22
1.91
2.67
2.63
2.84

3.96
4.22
1.91
2.69
2.64
2.88

63.40
66.75
31.70
36.68

67. 45
71.28
32.67
39.93

70.10
74.46
33.13
40.76

69.73
74.09
32.87
41.57

67.97
72.07
32.94
39.79

67.80
71.48
33.26
39.97

69.94
74.24
33. 85
40.00

70.90
75. 09
34.42
42.26

68.39
72.00
34.41
41.59

71.35
75. 63
34.73
45.28

68.29
71.73
33.97
43.80

69.96
73.59
34. 57
45.49

72.61
77.01
34, 65
47.68

6.55
6.79
5.90
7.03
4.86
3.48

6.20
6.38
5.72
6.46
4.79
3.35

5.86
5.98
5.67
6.33
4.67
3.20

5.91
6.03
5.78
6.13
4.70
3.28

6.02
6.15
5.77
6.41
4.77
3.44

5.78
5.86
5.71
6.45
4.64
3.47

5. 55
5. 56
5.61
6.38
4.45
3.47

5.53
5.57
5. ,52
6.03
4.41
3.38

5.73
5.81
5.49
6.35
4.50
3.41

5.49
5.54
5.50
5.85
4.41
3.37

5.77
5.87
5.62
6.05
4.58
3.41

5.65
5.73
5.53
5.87
4.57
3.30

5.45
5.48
5.51
5.64
4.56
3.18

7.42
2.53
5.52

6.36
2.44
4.71

8.09
2.44
12 94

6 68
2 47
5 61

4.17

4.20

4.13

4.16

4.19

4.23

4.28

4.26

4.22

4.16

4.07

4.04

4.04

90.46
249. 32
42.55
78.06

91.29
253. 60
43.75
77.04

95.19
264. 92
45. 06
80.53

98.11
273. 36
45. 40
83.91

97.82
269. 73
46.04
84.25

94.44
259. 61
46.22
79.73

96.73
266. 09
46.72
82.30

99.39
271. 71
48.61
84.81

98. 31
265. 19
48.87
85.05

100.02
264. 48
49.80
89.55

100. 24
262. 55
49.13
92.19

100. 87
261. 61
49.29
94.61

104. 26
268. 39
49.81
100. 30

171.7
186.9
179.2
163.1
110.2
141.6
105.4
186.2

172.8
188.1
179.9
163.7
111.5
139.4
104.2
188.4

181.5
198.3
190.7
168.0
114.4
147.1
105.8
196.7

187.3
205.2
197.1
172.9
115.8
152. 8
108.0
199.0

185.0
202.3
193.3
171.4
115.2
154.7
106.4
191.0

177.7
193.3
182.6
164.6
114.7
144.2
109.0
186.3

182. 5
199.1
189.4
167.6
115. 5
150. 5
110.2
192.0

187.1
204.3
192.4
169.2
117.0
155. 4
115.4
197.6

183.2
199.1
184.7
166.0
117.5
155.0
114.5
196.9

185.2
201.4
184.4
167.2
117.7
161.3
113. 3
199.6

183. 6
199.4
180 7
166.3
116 7
164. 6
110.9
198.4

183.7
199.2
181.7
166.1
117.1
166.9
111.1
203.7

187.6
203.9
186.9
168.8
116.2
173.7
111.6
211.7

1,337
52, 456

1,354
53,154

1,626
59, 483

1,707
66, 385

2,045
85, 294

1,413
65, 122

1,501
63, 170

1, 922
71, 188

1,598
62, 651

1,451
63, 006

1 647
66, 676

1,262
59, 431

1,283
56, 850

1, 143
40, 667

1,171
42, 438

1,393
44, 583

1,445
48, 204

1,714
60, 208

1,196
47, 449

1,279
44, 886

1,618
49, 431

1,351
42, 296

1,219
43, 464

1,373
41,601

1,077
43,060

1,908
42, 325

27, 402

27, 989

33, 642

36, 395

42, 531

25, 677

30, 083

37, 141

27, 195

29, 513

28,963

23, 586

25, 516

97, 920
2,528

104, 610
2,557

108, 307
2, 568

108, 911
2,581

106, 439
2,592

106, 309
2,604

109, 484
2,616

111, 580
2,627

108, 471
2,634

113, 099
2,644

107, 848
2,661

110, 690
2,691

114, 489
2,706

INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY)
Exports of goods and services total
ere a se, aaj
. ^ ~^

mil of dol
~
^0

Other services

do

]vierchandise adjusted

do

Unilateral transfers (net) total
Private
Government
Private
Government
Foreign lonsf- and short-term capital (net)

5,285
4 103
467
715

5,047
3 849
459
739

5, 520
4,130
670
720

5, 294
4 155
418
721

3, 935
3,132
98
705

3,671
2,677
90
904

3, 593
2, 645
111
837

3 909
2,965
94
850

+1, 350

+1, 376

+1, 927

+1, 385

do
do
do

—1, 351
-99
-1, 252

-1,218
-90
-1,128

-1,204
-114
-1,090

-917
-95
-822

do
do

—392
-268
-124

-37
-10
-27

—502
422
-80

—366
-233
-133

do

+94

-2

+404

+183

4-55

-292

-709

Increase (— ) or decrease (+) in U. S. gold stock
mil of dol

+173
+244
+84
Errors and omissions.
do
••Revised.
»Preliminary.
JRevisions for dividend payments for January-March 1951 will be shown later.
§Number of stocks represents number currently used; the change in the number does not affect the continuity of the series.




—555
+270

SUEVEY OF CUEEENT BUSINESS

August 1952

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

S-21
1952

1951
June

July

August

September

October

November

December

January

February

March

April

June

May

INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE
Indexes
Exports of U. S. merchandise:
Quantity
Value
Unit value
Imports for consumption:
Quantity
Value
Unit value
Agricultural products, quantity:
Exports, domestic, total:
Unadjusted
_.
Adjusted
Total, excluding cotton:
Unadjusted
_
Adjusted
Imports for consumption:
Unadjusted
Adjusted
- --

1936-38—100
do
__do __

250
525
210

232
484
209

250
517
207

249
501
202

232
469
202

279
565
203

281
586
208

246
508
206

261
540
207

278
576
207

261
542
208

286
594
208

- -

140
446
319

137
433
316

139
435
313

118
364
307

141
425
301

135
403
298

131
390
299

149
446
300

147
439
298

157
474
302

154
456
' 296

142
411
290

92
117

74
101

90
99

106
86

117
81

136
103

148
116

129
123

125
151

121
143

95
120

104
129

150
177

126
157

155
151

157
125

149
113

158
138

157
141

157
163

164
207

178
213

139
169

159
181

99
109

103
114

107
116

91
95

102
103

102
108

93
92

121
116

120
118

122
110

118
112

104
106

9,526
8,193

8,865
8,033

11, 171
7,642

10, 931
6,673

10,605
7,873

9,400
6,899

8,309
6,322

8,473
7,705

1,294

1,190

1, 269

1,232

1,152

1,386

1,438

48, 590
192, 424
338, 960
236, 890
138, 645
184, 228

56, 394
190, 855
283, 061
202, 521
136, 428
182, 787

58, 191
200, 481
306, 987
202, 829
146, 970
198, 322

58, 477
205, 651
329, 003
200, 263
136, 478
177, 214

34, 204
182, 450
346, 768
214, 669
131, 348
133, 848

46, 365
271, 447
377, 370
208, 048
155, 955
187, 113

7,313
21, 821

6,804
23, 893

8,639
25, 530

10, 624
25,482

7,534
13, 859

12, 874
4,447

16, 763
5 489

14, 983
6 003

14, 304
3,648

30, 460
45, 076
14, 628
34, 323

33, 751
36, 753
14, 692
31, 273

42, 076
34, 237
15 341
35, 335

13, 936
4,887
0
36, 870
39, 456
16, 225
35, 820

39, 535
41, 786
38, 689
13
68, 213

36, 392
33, 688
20, 505
7
71, 556

32 284
41, 279
24, 253
2
77, 999

236, 888
310, 276
24, 368
58, 337
16, 553
21, 930
42, 627
60, 379
39, 531

202, 466
307, 194
23, 960
61, 060
17, 408
20, 089
41, 739
59, 485
35, 247

202, 826
330, 140
25, 220
69, 125
15, 902
19, 355
43, 071
64, 391
39, 025

do_
do
do

1924-29=100
do_
-do
do_ _
-

do
- do_

Shipping Weight

Water-borne trade:
Exports, in cl. reexports'! _ _ thous. of long tons .
General imports
do

7,346
6 894

8,207
7 338

1,250

1,329

1,416

1,332

51, 379
294 556
439, 507
180, 640
155 024
205 633

48, 346
222 488
385, 849
192, 265
136, 049
152 702

55, 557
257 202
338 971
203, 655
149 414
188 427

71,130
238 429
370, 718
227, 488
157 459
201 456

58, 366
219 396
269 985
242, 089
147 313
175 912

50, 757
225 444
312 022
264 760
157 216
174 466

5,609
18, 872

4,033
21, 503

7,718
22, 166

5 757
17, 416

7,889
29, 043

10 320
20 825

5 008
19 529

26, 026
5,047
0
82, 359
55, 307
12 403
41, 028

18, 558
3,884

17, 246
4 002

20, 954
3 792

17 331
3 215

14 236
3 240

41, 422
40, 845
7,177
27, 044

24, 673
5,139
(i)
78, 027
58, 122
12, 421
32, 579

69, 665
44, 582
10 343
23. 050

77, 879
51, 942
11 786
25, 558

66, 884
50, 355
12 449
25, 262

47, 323
63 485
9 971
21, 225

36 757
77 734
9 919
21, 404

32, 295
49, 223
20, 711
0)
97, 170

33, 193
44, 727
24, 825
0)
99, 809

40, 812
47, 482
34, 723
0
96, 012

48 152
55 299
44, 119
5
103, 044

41 079
63 151
41, 611
5
78, 393

29 308
47 137
40, 372
2
75, 810

42 688
40 741
46, 995
2
87, 006

33 695
22 132
37 381
2
56 396

36 328
31 191
47 526
(i)
54 187

200,197
298, 047
19, 723
74, 292
11, 625
17, 145
38, 829
59, 538
32, 524

214, 623
252, 946
13, 904
51,822
7 647
13, 191
39 912
62, 805
27, 636

208, 047
327, 314
21, 558
71,073
12, 641
18, 949
48, 993
62, 850
40, 122

180, 639
342, 626
18 878
81 924
19 346
20 256
44 168
63, 340
39, 235

192,265
273, 882
14 750
57 904
10 460
15 722
39 866
55 454
33, 620

203, 655
321 392
14 143
75 329
11 928
20 957
49 409
54 526
43, 450

227, 469
343, 281
15 138
74, 757
15 125
20 843
48 697
65, 336
48, 276

242, 081
305 994
13 211
65* 543
ll' 083
18 349
44 035
58 987
44 977

264, 697
314 096
13 398
57 825
12 218
21 231
43 821
65 843
44 537

r

Value

Exports, including reexports, totall
mil. ofdol _
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_
China©
- 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

o

o

o

o

o

o

o

o

r

1, 463

0

1,280

1,179

1,260

1,222

1,144

1,376

1,428

1,238

1,317

1,403

1,322

' 1, 448

148, 461
135 776
74, 229
153, 929
767, 932

128 063
105 050
72, 807
155 010
718, 524

152 392
118 190
78, 471
149 517
761, 147

207. 569
106 297
65, 570
145, 278
696, 886

272, 498
98 249
61, 709
127, 288
584, 616

299, 469
109 339
73, 422
148, 106
745, 882

336 328
109 222
69, 724
161 457
751, 288

255 350
128 136
60, 406
137 168
656, 815

228 045
129 265
74, 126
138 742
746, 658

188 112
175 216
63, 892
159 901
815, 686

157 558
135 494
56, 354
160 574
811 788

157 579
151 944
68, 033
153 893
916 528

310, 744
50, 660
16,417
131, 766
23, 552

251,719
32, 663
13, 799
111,027
24, 130

276 985
32, 139
17 099
128 156
19, 554

307, 685
70, 787
16, 738
115, 935
18, 734

349, 603
116, 856
21, 332
103, 925
16, 292

415, 986
165, 771
20, 978
119, 634
24, 724

460 201
213, 167
20 540
115 601
28, 683

377 024
148, 921
20, 144
130 235
27, 048

377 502
132, 039
19 489
145 609
26, 936

370, 668
94, 236
19, 383
181 897
23, 498

292
73
18
142
16

316
68
22
165
14

Nonagricultural products, total
do
969, 583
Aircraft, parts, and accessories § . .
do. _.
3,650
Automobiles, parts, and accessories §cf _ .do
104, 652
Chemicals and related products cf
do
93, 417
Copperd* _ _
do
7, 087
Iron and steel-mill products
do
47, 390

927, 736
2,565
103, 048
89, 623
7,246
48, 588

982, 731
1,536
103, 270
91, 811
3 608
48 614

913, 915
2,362
101. 1S8
85, 644
2 964
54, 605

794, 757
457
75,819
71, 246
6 679
45 973

960, 233
462
97, 866
90,358
9 963
56 445

967 818
573
98, 917
89, 030
10 271
67 534

860 850
2 584
77, 987
76, 163
7 324
62* 962

939 333 1,0322 138 1 029 167 1 130
981
2
2 1, 448
722
2 i 002
4 164
109, 743
100, 542
104, 293
104, 080
80, 104
78,617
68, 192
69, 505
8 685
11 107
13 308
13 764
63 080
78 910
72 864
75 682

219, 062
13, 320
25, 160
53, 222
17,025
96, 901
60, 974
77, 546

217,585
14 015
28, 742
48 611
17 279
95, 590
76, 389
61, 305

Exports of U. S. merchandise, totall
mil. of dol_.
By economic classes:
Crude materials
_ _ thous. of dol_
Crude foodstuffs
do
Manufactured foodstuffs and beverages. _ -do
Semimanufactures 9
do. .
Finished manufactures 9
do
By principal commodities:
Agricultural products, total
do _ _
Cotton, unmanufactured
do
Fruits, vegetables, and preparations. _ do. _.
Grains and preparations
do _.
Packing-house products
do. _

Machinery, total§cT
do
Agricultural. __
do.- _
Tractors, parts, and accessories §
do
Electrical§cT
do
Metal working
_ _.do _
Other industrialc?
do
Petroleum and products
do
Textiles and manufactures
do ._

601
752
261
676
303

996
084
242
325
666

237 795
193, 721
172, 038
214, 246
217. 108
262 594
213 309
240 606
238 841 261 991
15 301
10 631
12 344
9 384
9 574
10 557
10 818
13 856
13 927
14 543
21, 163
22, 294
22, 956
24, 406
27, 251
29, 840
34, 684
28, 478
30, 698
34, 118
46 354
51 545
36 481
47 227
52 507
41 995
49 358
48 799
51 282
54 155
15 692
15 346
20 327
12 059
17 391
19 823
18 303
23 487
21 275
23* 302
88 970
82 231
100 053
116 642
103 356
125 971
103 650
118 844
111 734
125 500
85 145
83 540
64 207
69 763
65 049
71 264
73 278
74 137
74 343
62 596
62, 354
62, 891
49, 742
59, 888
69, 927
72, 721
56, 162
69J 462
57! 290
53,' 700
2 Data
• -, r l e 1 ? e d - A 1 Less than
beginning January 1952 exclude additional items classified as "special category." See note "§".
1 Total exports and various component items
include shipments under the Mutual Security Program (formerly the Mutual Defense Assistance Program) as follows (mil. of dol): June 1951-May 1952, respectively— 115 1- 85 0- 115 381.2; 58.8; 84.1; 59.6; 65.0; 78.7; 94.2; 153.7; 230.6. Beginning July 1950, certain items classed as "special category" exports, although included in total exports, are excluded from water-borne
trade and from area and country data.
0 Including Manchuria beginning January 1952^
9 Data for semimanufactures reported as "special category, type 1" are included with finished manufactures.
§ Excludes "special category" exports not shown separately for security reasons.
<? Data beginning January 1951 have been adjusted to conform to the 1952 revision of the export schedule.




S-22

STJEVEY OF CURRENT BUSINESS

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

August 1952
1952

1951

June

July

August

Septem- j
i)cr
1

Octobpr

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 dol__
By geographic regions:
Africa
_- do_ _
Asia and Oceania
_
-do_
Europe _
_ _ _
.- - do.
Northern North America
do
Southern North America
do
South America
_ _ _
do_
By leading countries:
Africa:
Egypt
_ _ _
_ do__
Union of South Africa
__do
Asia and Oceania:
Australia, including New Guinea
do__
British Malaya
_ _ _
do__
ChinaO
do
India and Pakistan
do _ _
Japan
do
Indonesia
_ _ _ do _
Republic of the Philippines
do
Europe:
France
do
Germany
_ _ - do_
Italy
_ -_
_ _ _ _ _ do__
Union of Soviet Socialist Republics
do
United Kingdom
do
North and South America:
Canada, 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_ _
Hides and skins
do
Rubber crude including guayule
do
Silk unmanufactured
do
Sugar
do_ _
\Vool and mohair unmanufactured
do
Nonagricultural products total
do
Furs and manufactures
do _
Nonferrous ores, metals, and manufactures,
total
thous o f d o l - Copper incl ore and manufactures do
Tin including ore
do
Newsprint
Petroleum and products

do
do

929, 967

894, 449

880, 376

721, 206

833, 568

818, 464

800, 424

921, 625

892. 267

962, 529

931 . 800

834, 771

55, 326
235, 728
179, 867
191, 899
95, 510
171,637

39, 758
226, 954
176, 482
189, 588
100, 529
161. 137

40, 225
229, 332
161,084
192, 507
84, 507
172, 721

26, 035
158, 167
146,416
171,896
75, 948
142, 743

40, 409
143, 779
147, 819
218, 308
90, 174
193, 079

37, 660
146,597
157,343
199,684
88, 491
188. 689

34, 967
151, 797
152, 982
190,050
93, 180
177,449

68, 441
172,961
175, 945
187, 047
127, 586
189, 645

68 605
183, 051
153, 836
177,067
131,814
177, 895

75, 854
205, 720
169,630
195, 588
138,086
177.651

56 085
203, 052
174, 429
189, 642
135.787
172 804

43 370
168 924
149 273
195,517
129, 294
148 392

5,161
14,390

268
8, 561

789
7,851

275
5. 472

660
9, 699

812
11,002

1,063
6,470

16, 453
11,844

18,907
10, 066

13,397
12.832

2 973
8,994

2, 367
7,809

49, 933
36,315
2,062
36, 320
16,557
17, 236
25, 501

22, 859
52, 373
2,242
32, 401
15, 013
24, 911
23, 374

39, 265
39, 001
1,634
24, 394
18, 246
29, 665
22, 302

7,105
32, 228
1,241
17,487
1 2, 297
19,689
19, 201

14,919
27, 878
1,136
19,989
14,369
19,389
17,381

9,616
26, 479
2,719
19,062
15,894
17,297
15,882

22, 486
1 6, 907
4, 725
19,317
15,021
20, 075
15,858

8, 518
38, 536
4,902
22, 437
17. 772
29, 704
14, 785

16 605
39, 366
5 068
27, 960
14, 520
23, 281
17.213

12, 293
65,314
4,911
22, 905
18,593
21,921
21,284

21,916
42, 297
3 699
27, 422
14 935
28, 098
16, 624

15,676
27, 839
2,336
25, 352
16, 064
23, 445
22, 348

21,375
24, 668
12, 475
2,790
38, 701

21,239
25, 375
9,763
2,014
44,311

24, 812
21, 183
10, 698
3, 259
39, 499

16,332
18, 452
9,502
1,141
33, 228

15,455
20, 321
8,909
3,311
33, 436

13,635
17,003
12,364
3,088
40, 318

1 5, 172
14, 809
12, 953
2,251
35, 445

20, 364
1 7, 509
11 , 321
1,150
39, 013

14, 737
15, 999
13,019
506
31, 127

13,940
16,432
12, 593
3,166
39,917

14 010
14,678
12. 371
2, 220
47 267

11,202
15, 936
10. 679
805
43, 422

191, 748
251, 109
16, 805
65, 068
15, 557
26, 894
34, 073
23, 951
27, 294
914, 641

189, 287
248, 398
11,970
54, 670
10,815
37, 203
39, 117
26, 070
26, 733
886, 975

192, 194
244, 522
10, 486
65, 706
18,247
33, 563
40, 381
18,885
25, 827
893, 004

171, 259
208, 149
8,221
62, 976
13, 863
22, 851
34,512
20, 554
22, 208
746, 018

217, 924
264, 926
6, 643
83, 440
18, 437
34, 307
35, 509
26, 426
30,119
872. 459

199, 668
260, 158
6,843
89, 607
18,197
34,611
31,421
27, 152
25, 822
826, 931

190, 045
249, 594
7,912
85, 000
11,633
36, 596
13,325
32, 849
27,014
800, 271

187, 046
293, 254
8,294
69, 828
22, 246
42.011
30, 577
41,169
33, 927
914, 896

177, 063
287, 913
7,309
80, 426
13, 502
33, 952
32, 480
36, 177
29, 889
901,031

195,490
292, 735
9,884
74, 507
20,317
28, 329
41,927
39, 685
30, 856
971,630

299, 779
147, 563
92, 570
216, 715
158,015

293, 043
136, 449
92, 926
198, 969
165, 588

289, 229
144, 008
88, 418
204, 965
166, 383

237, 610
122, 010
76, 220
169, 268
140, 909

256, 985
166, 932
93, 424
192, 616
162, 502

213,015
184, 843
80, 727
183, 276
165, 070

216, 336
187, 540
58, 588
183, 515
154, 292

269, 233
193, 779
79, 333
205, 092
167, 459

269, 834
207, 047
75, 511
186, 323
162, 316

300, 122
193, 305
92, 714
216, 172
169,317

293, 286
172, 612
91, 061
205, 582
172, 527

231,668
135, 926
105, 828
203, 498
166, 299

428, 166
90, 657
13, 399
69, 369
1,287
32, 399
70, 964
486, 475
8,913

405, 553
86, 897
15, 187
87, 733
1,035
38, 655
48, 000
481, 422
7,503

413, 048
87, 990
14, 540
76, 837
1,625
38, 043
57, 856
479, 956
8,061

333, 763
80,719
14,220
59, 282
2, 003
30, 063
34, 142
412, 255
5,406

389, 202
117,074
9,757
52, 906
2, 549
30, 207
42, 153
483, 258
7, 515

378, 805
127,025
5, 828
54, 489
2,059
24, 379
30, 583
448, 126
5, 860

360, 365
138. 847
5,154
43, 997
1,730
7,566
35,215
439, 906
9,536

437, 299
134, 047
5, 493
80, 393
3,865
25, 987
37, 906
477, 597
6,571

439, 207
153, 943
4,027
73, 821
2,728
29, 394
33, 648
461,823
6, 352

434, 935
138,108
4,238
80,730
2,504
43, 382
33, 850
536, 696
8,106

408, 335
115,485
6,223
75, 927
1,816
41,832
37, 71 1
526 732
7,767

353, 198
76, 128
4,496
49, 046
2,398
50, 893
31, 579
490, 022
6,500

71,740
24, 457
12, 930
44, 995
41,361
52, 783

67, 450
23, 493
13, 090
42, 181
42, 994
48, 447

78, 193
30, 744
10, 251
35, 297
47, 695
44, 664

57, 997
25, 671
5, 860
31,191
38, 758
43,122

70, 349
23, 344
14, 287
06, 403
50, 009
51,081

59, 782
21,814
4,156
31, 025
47, 951
48,415

65, 168
19, »71
7,871
30, 479
44, 799
48, 103

65, 594
28, 638
2,552
33, 447
42, 230
60, 458

75, 677
22, 285
5,516
31, 727
43, 246
53, 717

132, 573
27, 393
22, 370
29, 326
44,960
55, 321

129, 090
24, 906
31, 076
24, 649
45, 587
59, 250

116, 138
21, 763
22, 384
25, 569
44, 484
58, 290

33, 961
19, 247
12,894
5, 655
1,892
995, 954

195,514
189.532
' 289, 554 257. 240
9,208
10, 900
48. 216
66 863
16, 290
15, 124
21,697
28, 071
57, 131
47. 531
32, 836
37, 497
32, 936
34, 788
843,
220
935, 067

TRANSPORTATION AND COMMUNICATIONS
TR AN SPORT ATION
Airlines
Operations on scheduled airlines:
Miles flown, revenue.
thousands__
Express and freight carried
short tons
Express and freight ton-miles flown, .thousands..
M!ail ton -miles
flown
do

29,318
17, 173
10, 327
4,805
1.866
922, 856

32,229
15,543
9,739
4, 612
1,852
914, 367

32, 551
17, 909
11,318
5, 029
1,960
956, 974

31, 529
17,853
11,165
4,938
1,895
934, 584

32, 144
19,106
12, 203
5, 717
1,895
919,952

30, 290
17, 783
11, 492
5,993
1.664
812,028

Passenger-miles flown, revenue
do
Express" Operations
18. 725
18, 273
17, 389
17,172
17,852
17,845
Operating revenues
thous. of dol_
65
*2
37
M8
76
146
Operating income
do
Local Transit Lines
10. 7032
10. 6813
10. 5645
10. 6010 10. 6642
Fares, average cash rate
.cents.. 10.5231
r
1,012
1,072
989
1,040
1,016
1,103
Passengers carried, revenue
__ __ _ millions-127, 800
130, 200
124, 800
114,800
117,300
Operating revenues
thous. of dol__ 120,500
Class I Steam Railways
Freight carload ings (A. A. R.):d"
3,155
4,142
3,478
2,992
3,291
' 3, 295
Total cars
_ _ _ thousands642
653
589
444
755
'587
Coal
_ _ _
-_
do
66
64
66
79
63
'67
Coke
- do __
175
189
194
227
' 195
168
Forest products
_ _ _ _ __ _ .do
219
210
254
212
M79
217
Grain and grain products
do _
51
r 7
34
73
69
27
Livestock
_
- _ do _
312
20?
422
361
'366
356
Ore
do
304
285
368
'299
296
268
Merchandise, 1 c 1
_ _
_
do _
1.664
1,524
1.533
' 1. 574
1.967
1.454
Tvtiscellaneous
do
r
d
Revised.
Deficit.
©Including Manchuria beginning January 1952.
d"Data for September and December 1951 and March and May 1952 arc for 5 weeks; other months, 4 weeks.




2

30, 973
19, 121
12, 444
7,966
1,571
834, 298

32, 221
18, 484
11.911
5, 871
1,576
851, 723

30, 896
16, 269
11,734
5, 688
1,520
799, 871

33, 363
19, 142
13, 039
5. 681
1.733
926, 746

22, 746
44

20, 143

20, 061
97

20, 090
46

19, 982
19

19,958
*5

10. 8224
1,105
139, 200

10. 8808
1,071
128,500

11.0560
1,012
123, 900

11.0852
1,069
126, 500

11.1922
1,060
129. 400

11.2579
1,054
128, 300

11. 3820
962

3. 522

2.828
627
66
165
197
34
70
263
1, 405

2, 886
587
65
172
195
33
76
294
1.463

3,624
686
79
218
234
37
105
377
1.888

2, 912
498
53
175
162
36
211
297
1.480

3,677
607
68
201
204
42
403
350
1,803

2, 608
478
22
179
232
26
96
278
1,298

7<:o

82
;98
240
46
118
331
1,747

T

SURVEY OF CURRENT BUSINESS

August 1952

S-23
1952

1951

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

June

July

August

September

October

November

December

January

February

March

April

May

June

TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— 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.
Merehandise, I c. 1
do
Miscellaneous
. do.
Total, adjusted .
.-do _.
Coal
do
Coke
._
do
Forest products
-do
Grain and grain products
do
Livestock
do
Ore _
_ _ _ _ _
do
Merchandise, 1. c. 1
do
Miscellaneous
. _. .
do
Freight-car surplus and shortage, daily average:
Car surplus, total
__ .number. Box cars
do
Gondolas and open hoppers
. .-do
Car shortage, total
do
Box cars
_. . do
Gondolas and open hoppers
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.
Railway expenses _
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 _

r
r
T
r

137
120
212
158
125
49
321
47
148
131
120
217
152
123
61
207
47
144

130
97
209
143
156
50
325
44
143
125
97
215
143
130
61
203
45
142

137
122
206
155
151
64
313
47
145
133
122
215
148
140
67
209
47
144

144
130
209
153
148
107
308
48
154
133
130
211
142
132
81
205
46
143

146
134
202
152
154
128
267
48
157
135
134
206
144
154
83
180
46
144

140
140
218
149
156
88
174
47
149
137
140
218
152
159
70
180
46
144

123
127
216
128
135
65
73
43
134
133
127
206
144
143
68
235
44
142

128
133
214
139
146
64
64
44
138
141
133
203
155
146
67
256
46
151

126
120
203
140
137
57
6Q
47
140
136
120
192
146
140
72
277
49
149

124
111
198
141
128
53
75
48
142
133
111
196
141
139
66
257
47
149

123
103
163
142
115
65
195
47
139
126
103
166
142
130
73
212
46
141

124
101
178
131
116
59
292
45
138
122
101
179
126
132
66
212
45
137

111
96
68
144
165
45
82
44
122
108
96
69
139
161
56
53
44
119

21,677
15,463
133
9,721
3, 065
5, 641

28, 062
13, 109
11,928
8, 613
2,716
4,873

4,422
1,412
0
18, 154
7,531
9,359

3,640
164
4
14, 902
4,181
9,231

2,593
86
19
19, 045
6,235
10, 168

3 375
203
4
8 586
2 459
5,311

7,855
1, 456
298
3,889
1,201
2, 336

11,255
3 396
1,859
3 906
1,430
2, 014

8 185
1 012
2 084
3 992
1 747
1, 550

9 264
2 161
1 516
2 621
845
993

17 100
4 108
3 339
1 874
365
857

24, 363
11,153
2, 554
2, 2%
704
959

28, 136
14 669
6 372
2 933
1.865
717

855, 687
710, 659
80, 641
675, 306

816,812
674, 008
80, 602
683, 824

909, 945
758, 759
83, 830
700, 651

855, 929
716,394
74, 092
660, 408

965, 552
816, 182
71,129
699, 508

903, 864
743 296
71 795
672 482

902, 695
689, 298
88, 238
649, 044

867, 034
712, 906
82 343
685 369

844, 966
704 ^01
73 470
649 687

875, 471
729, 286
74 077
675 135

847, 478
702 145
71 906
667 433

870,315
720, 138
75 955
676,418

814,338
663 869
81 702
645 934

114,559
65, 822
50, 192

91, 053
41,935
16, 366

128, 412
80, 881
55, 497

119,797
75, 725
50, 255

144, 144
121,900
97, 840

136, 373
95 008
68, 058

118,479
135, 172
150, 661

115,598
66 067
41 364

119, 385
75 895
49 244

123, 697
76 639
50, 239

107, 732
72 313
45 341

110, 927
82 970
54 342

100, 529
67 875

871.3
728.5
77.9
795.4
75.9
44.0

818.4
682.7
73.9
774.8
43.6
12.9

854.3
712.2
74.8
806.5
47.8
16.0

873.2
734.3
74.4
793.9
79.3
49.5

897.0
751.2
72.7
818.2
78.8
47.2

907.1
745.5
75. 1
818.0
89 1
56.3

925. 4
727.0
86.6
778.7
146. 7
113.9

56, 643
1.323
3,093

53, 284
1.333
3,190

60, 017
1. 326
3,287

58, 131
1.298
2,918

61,838
1 374
2,718

56 740
1 369
2,697

52, 664
1 372
3, 354

54 700
1 367
3,089

54 089
1 370
2 697

55 949
1 372
2, 759

52 147
1 412
2, 684

54 557
1 393
2,802

2,632
1,170

2,599
1,280

2,774
1,179

2,685
1,210

2,729
1,289

2,571
907

2,915
1,205

2,637
1 004

2 619
1 Oil

3,115
1 130

3,039
1 035

2,979
1 188

2 948
1 256

6.32
'80
252

6.03
75
219

6.68
79
243

6.58
83
246

6.79
85
244

6.83
77
243

6.18
65
218

6.37

6.39
79
240

6.24
77
225

6.74
79
251

6.20
78
266

6.70
79
260

58, 967
82, 696
2,211
23, 605
39, 653
2,107

74, 203
86, 087

95, 978
75, 493

86, 849
51, 862

65, 535
46, 549

i 51,315
44, 084

i 53, 587
52, 188

17, 943
27,411
3, 547

18, 020
24, 670
3,474

19, 001
1 7, 398
1,681

25, 847
19,602
842

28, 347
18, 364
353

2,455

850
10, 363

766
9,299

787
9,531

785
9,567

794
9,663

318,428
186,604
109, 396
222, 998
40,418
39, 555

317, 948
185, 072
110, 185
232, 641
35, 505
39, 707

326, 328
187,231
116,208
235, 864
37, 815
39, 889

320, 205
188, 477
108, 331
225, 658
29, 429
40, 066

16, 072
14, 033
1,173

15, 422
15, 127

<*569

16, 360
15, 057
456

2,149
1,693
241

2,082
1,768
106

2,456
1,982
347

2,375
1,974
283

T

Waterway Traffic

Clearances, vessels in foreign trade:
Total U. S. ports
thous. of net tons..
Foreign
do
United States
- -do. .
Panama Canal:
Total
thous. of long tons..
In United States vessels
do
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 c?1do
Emigrants
_
do
Immigrants
do
Passports issued
do
National parks, visitors
thousands. _
Pullman Co.:
Revenue passenger-miles
millions. _
Passenger revenues^ .
thous. of dol..

10, 060
5,725
4,334

242
1

1

65, 249
68, 599

1

50, 857
54, 537

i g] 6g2
71 370

26, 501
17, 592
216

24, 862
27 374
267

19 205
27 806
336

23, 897
383

626

1,049

788
9,579

780
9,531

985
12, 072

886
10 808

867
10, 655

762
9,343

763
9,446

335, 579
194, 221
117, 636
238, 005
38, 970
40, 279

334, 449
196, 380
113,990
235, 785
39, 647
40, 451

341,381
199, 422
117,526
242, 793
40, 855
40,679

339, 151
198, 907
115,814
240, 030
39, 077
40, 127

332 063
196 952
lio' 319
23l' 914
39 702
40, 314

345, 353
202, 195
118, 143
238, 954
42, 437
40, 516

343, 596
203, 861
114 762
234, 873
43, 627
40, 662

15, 725
14,623
371

17, 173
15,009
1,395

16, 120
14, 679
720

17, 423
15, 548
1,317

16, 789
15, 191
717

15, 875
14 328
716

16, 801
14, 923
1,016

7,233
10 243
<*3 698

2,142
1,712
224

2,184
1,674
315

2,366
1,665
509

2,235
1,669
378

2 448
1,730
517

2 199
1 752
236

2 H4
1 733
192

2 237
1,759
274

2 155
1 702
251

2 251
1 722
270

2,455
1,984
365

2,453
1,946
400

2, 569
2.022
441

2,532
2, 036
388

2,726
2, 156
495

2,669
2,099
443

2,510
2,013
372

2,592
2,094
388

2 433
2,066
252

2 540
2,156
271

61 610
72, 209
20, 431

COMMUNICATIONS
Telephone carriers:©
Operating revenues
--thous. of dol_.
Station revenues
. -do. __
Tolls, message
do
Operating expenses, before taxes _- ...do
Net operating income
- .
__do
Phones in service, end of month. _ _ thousands. .
Tetegraph, cable, and radiotelegraph carriers:
Wire -tele graph:
Operating revenues
. thous. of dol_.
Operating expenses, incl. depreciation . do_
Net operating revenues
do
Ocean-cable:
Operating revenues
do
Operating expenses, incl. depreciation
do
Net operating revenues
do. ..
Radiotelegraph:
Operating revenues _
do
Operating expenses, incl. depreciation
do
Net operating revenues
_ do

10,384
12 894
3, 247

d

d
»• Revised.
v Preliminary.
Deficit.
i Data exclude arrivals via international land borders.
JRevised data for May 1951, $51, 095, 000.
§Discoritinued by the compiling agency after December 1951.
cfData 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.
GData relate to continental United States. Beginning January 1952, data exclude reports from several companies previously covered and include figures for some not included in earlier
data.




SURVEY OF CURRENT BUSINESS

S-24
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

August 1952

1951
June

July

August

Septem-

1952
October

November

December

January

F

^yU"

March

April

May

June

CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production: \
Ammonia, synthetic anhydrous (commercial)
146, 592
146, 664
177, 059
156, 692
161, 681
165,106 !
155, 913
short tons . 132,158
151, 632
172, 099
147. 508
158,848
6,792
4,092
900
884 1
Calcium arsenate (commercial)
thous. of lb__
0)
(0
(')
0)
0)
0)
0)
0)
64,514
65, 421
68, 170
60, 601
69, 730
69, 095
58, 380
67, 255
67, 788
67, 974
Calcium carbide (commercial)
short tons _
72, 178
71,011
Carbon dioxide, liquid, gas, and solidO
r
140, 799
84, 823
157, 590
82, 105
127, 406
91,614
94, 614 r 107.512
127, 408
108, 103
thous. of l b _ _ 130, 473
88, 124
202, 693
210, 477
221, 169
215,729
228, 949
215, 570
212, 083
219,250
229, 472
213 827
224 250
Chlorine, gas
short tons
230 271
57,072
57, 111
56, 005
56, 881
53, 129
59, 639
58, 222
57, 966
58, 868
50, 559
59, 920
Hydrochloric acid (100% HC1)__ ._
do...
60, 191
318
3,194
1, 152
818
1,526
3, 100
558
Lead arsenate (acid and basic)
thous. of l b _ _
3,040
3,970
0)
C1)
0)
124, 402
135, 516
124, 304
123,996
133, 790
144, 696
128, 065
132, 286
137,
924
128, 978
Nitric acid (100% HNOs)
_. .short tons.. 115, 398
140, 976
T
1,748
1,799
1,934
1,938
1,829
Oxygen (high purity)
mil. of cu. ft
1,947
1 967
• 1,824
2 019
2,008
2, 156 r 1 954
157, 760
151, 677
153,432
151,684
173, 401
Phosphoric acid (50% HsP 64) . ... short tons. . 147,392
1 53, 463
151,922
168, 272
163, 038
172 135
154,060
Soda ash, ammonia-soda process (98-100%
434, 399
434, 892
374, 204
389, 487
337,710
419, 987
NasCOs)
. ...short tons
372, 529
358, 448
403, 028
430, 622
367, 380
363 579
11,011
10, 388
10, 276
10, 550
9,722
11 224
6 745
11,276
8 590
10, 660
Sodium bichromate and chromate
do
6 428
10, 966
252, 282
272, 799
256, 713
269, 387
250, 564
262, 683
Sodium hydroxide (100% NaOH) .
do
247, 734
259, 727
275, 224
271, 996
263 320
258 521
Sodium silicate, soluble silicate glass (anhy41,210
35, 730
43, 268
48,116
43, 599
drous)
_- short tons
46, 852
42, 666
49, 485
38, 565
46, 978
45, 705
36 794
Sodium sulfate, Qlauber's salt and crude salt
81, 196
72, 396
69, 408
74, 974
75, 057
67, 363
80, 037
cake
_
-_--_
-_ .short tons.
67, 031
73, 973
81,120
72, 078
65 646
Sulfuric acid (100% H2SO4):
1,066,421 1,077,216 1,074,257 1, 046, 075 1 ,099,964 1,130,831 1,179,263 1,165,356 1,131,289 1,174,836 1, 115, 602 1, 109, 076
Productiondo
Price, wholesale, 66°, tanks, at works
20.00
20.00
20.00
20.00
dol. per short ton__
20.00
20.00
20.00
19.90
20.00
20.00
20.00
20.00
Organic chemicals:
Acetic acid (synthetic and natural), production
39, 458
35, 262
34, 874
40, 778
39, 309
thous. of l b _ _
37, 952
30, 261
37, 711
29, 138
43, 767
26 380
82, 968
71, 798
86, 306
27 591
67, 032
86, 343
Acetic anhydride, production
_ do. ..
42 711
86, 070
45, 887
85, 593
59 358
1,007
799
A cetylsalicylic acid (aspirin), production .do. _.
952
945
1,046
1,056
1,073
1,134
1,185
1,178
1,247
Alcohol, ethyl:
35, 767
35, 563
39, 732
40, 477
40, 945
Production
thous. of proof gal
42 421
47, 336
42 253
44 599
26 062
41 129
33 857
99, 684
101, 244
89, 377
101,740
Stocks, total _ _ _. ._
do
91, 184
94 742
94, 645
103,927
82 369
107, 722
95 360
95 685
In industrial alcohol bonded warehouses
74, 411
59. 298
71,103
77. 190
66, 465
thous. of proof gal ..
61, 803
58, 971
73, 525
54, 937
51, 974
58, 960
53, 726
25, 273
24, 054
30, 636
29, 381
30, 079
In denaturing plants
do
37, 462
35 782
35 673
30 395
40 423
34 196
41 959
43, 611
39, 924
43, 655
45,582
42, 072
43, 362
34 108
48 919
44 935
42, 509
40 922
30 539
Used for denaturation t
-do. ..
1,178
3,595
2,258
3,161
Withdrawn tax-paid
do
3,016
2,417
3 033
1 992
1 861
1 788
1 395
1 755
Alcohol, denatured:
23, 322
21,421
24, 415
23, 348
22, 464
Production
thous. of wine gal
23, 723
22, 757
24 060
26 106
21 914
16 472
18 368
23, 740
22, 392
22, 381
24, 186
24 752
27, 232
21,944
Consumption (withdrawals)
do
21 030
21 388
21 491
19 986
20 282
8,795
10, 252
9, 762
7,477
8, 333
6,645
Stocks
_
._ . do.
10, 875
10 476
13 608
14' 035
8 550
12 093
11,822
11,186
12, 051
11, 677
12, 301
Creosote oil, production _ , _
thous. of gal _
11, 293
10 635
13, 546
11, 783
11 559
14 401
7,315
8,144
5,441
6,479
5,697
Ethyl acetate (85%), production. __thous. of lb..
3,887
5,470
6,134
4,359
4, 160
4 419
Glycerin, refined (100% basis):
High gravity and yellow distilled:
6,314
6, 061
5,129
5,529
3,661
Production
thous. of Ib
4,849
5 416
6 192
5 647
6 745
6 770
7 538
7,173
6,072
5, 677
6,405
6,718
Consumption
_
do_ ..
5,087
6,976
5 521
5 798
5 617
6 239
6 385
18,
664
15, 623
15, 556
14, 735
17,297
Stocks
do
15, 284
16 165
16 219
18 104
17 447
17 013
17 578
Chemically pure:
10, 575
10, 540
6,970
Production
_
. ._ do _.
11, 078
9,681
11,747
10, 676
11 529
11 704
11 113
7 178
12 528
7,003
6,714
6,324
7,305
7,874
Consumption
_-do
6,407
6,947
7 976
7 398
7 219
7 040
7 015
25,
943
27,
787
24,914
26, 884
26, 524
Stocks - --_ -_ -_
__
do
25, 483
24, 883
26 582
28 107
26 685
28 382
29 435
Metbanol, production:
180
176
172
175
193
180
Natural (100%)
thous. of gal__
115
185
192
173
161
14, 759
15,431
16, 503
14, 845
15, 950
Synthetic (100%)
do
17, 224
15, 536
13 951
14 226
13 756
13 498
19,
678
19,
926
18,
883
21,
524
21,
773
Phthalic anhydride, production
thous. o f l b _ .
20, 694
21, 241
21, 519
18, 844
19, 462
21 ', 348

20.00

3? 922
74,420
50. 584
23 837
33' 099
1 447
17 868
is' 018
8 055

FERTILIZERS
thous. of short tons__
short tons
. do
do, ..
do

509
217, 760
23,433
176, 300
8,812

302
307, 411
25, 762
269, 841
9.049

349
297,010
13,139
259, 668
11, 585

494
235, 053
16, 570
183, 344
14, 197

708
315, 160
26, 483
267,011
8,854

742
220 305
27, 772
130, 159
6,772

604
209 754
27, 632
145, 546
5, 433

r
1, 152
201 552
20 560
154 761
9 056

1,348
214 991
28 775
161 570
7 619

1,827
191 261
10 802
163 553
7 469

1,819
204 45^
1 5' 296
173 431
6 147

1,164
207 943
15 353
176 649
7 887

Imports, total.
.do..
Nitrogenous materials, total. _
-do
Nitrate of soda..
do
Phosphate materials
do. .
Potash materials
. _ _
do
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
port warehouses
dol. per short ton
Potash deliveries
short tons
Superphosphate (bulk):
Production _
do
Stocks, end of month
.do. _ .

215, 065
137. 981
74, 874
14, 594
47, 929

151, 837
79, 692
33, 065
7,871
52, 158

194, 530
128,011
58, 487
17,154
37 152

147, 137
89, 105
41, 768
10, 798
37, 708

190,328
121,424
53, 401
1,426
54, 721

155,601
105 877
36, 395
9,210
28 131

168, 737
101 457
41,780
14, 797
44 934

220
152
54
8
50

269
165
72
17
69

257
186
59
21
27

555
622
960
551
731

174 071
% 732
18 706
17 510
26 981

202
147
33
6
12

53.50
101.663

53 50
106, 134

53 50
112,498

53.50
113,326

53 50
114,311

57 00
119, 074

57 00
121, 535

57 00
114 903

57 00
140 625

57 00
125 600

57 on
157 711

877, 081
919, 900

822, 116
1,095,216

850 009
1,240,213

811 543
1,268,280

923 966
1,245,504

954 651
1,183,481

893 639
1,163,982

Consumption (14 States)§
Exports, total
Nitrogenous materials .
Phosphate materials
Potash materials
._

107
137
651
588
133

647
806
814
751
518

57 00
123 582

529

037
263
915
832
488
K7 oft

962 247 1 033 449 1 101 454 1 137 270 1 fi89 RAA
1 293 588 1 217 295 1 046 710 897 818 1 008 815

NAVAL STORES
Rosin (gum and wood) :
Production, quarterly total
drums (520 lb.)_
Stocks, end of quarter.
do-_.
Price, gum, wholesale, "WG" grade (Sav.), bulk
dol. per 100 lb_.
Turpentine (gum and wood) :
Production, quarterly total
_bbl. (50 gal.)-Stocks, end of quarter
do
Price, gum, wholesale (Savannah) __dol. per gal_.

569, 450
601,000
8.90
193, 220
152, 490
.78

579, 940
665, 530
8.23

8.33

8.67

507, 600
748, 700
9.07

9.40

9.40

392 400
722 580

9.40

2

9.35

28.70

28.55

28.55

2

8.50

195, 260
167, 540
127, 940
179, 300
197, 630
194, 450
2
.73
.68
.75
.80
.80
.80
.76
2.66
.80
2.61
2.60
2.63
r Revised.
1 Not available for publication.
2 New York price.
JRevised data for January-October 1950 are available upon request.
GRevised beginning January 1951 to exclude amounts produced and consumed in the same plants manufacturing soda ash.
tRevised series. Data shown prior to the November 1951 SURVEY represent alcohol withdrawn for denaturation.
§Figures exclude data far Virginia; effective January 1951, this State reports quarterly. Data for Virginia (thous. short tons): 1951—January-March, 296; April-June 286' July-September
91; October-December, 111; 1952—January-March, 322; April-June, 331.
'




SURVEY OF CUKRENT BUSINESS

August 1992

S--26
1952

1951

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

June

July

August

September

October

November

December

January

February

March

April

May

June

706
61,905

556
63, 111

489
57, 251

CHEMICALS AND ALLIED PRODUCTS—Continued
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting powder
High explosives
Sulfur:
Production
Stocks

thous. oflb___
do

787
60,687

768
56,451

946
65,264

1,276
62, 425

1,610
68 033

1,591
62 244

1,164
53 297

r
1,355
55 512

1,193
59 669

842
57 659

longtons__ 421, 116 458, 025 448,842
454, 960 r 460, 058
443, 017
462, 701 459 805 418 655
445 014
433 871 412, 481
435 828
2, 719, 821 2, 669, 635 2, 665, 801 2, 754, 129 2, 782, 423 2, 805, 902 2, 837, 432 2, 851, 214 2, 883, 571 2, 850, 666 2, 808, 368 2, 827, 506 2, 902, 335
do

FATS, OILS, OILSEEDS, AND
BYPRODUCTS
Animal fats, greases, and oils:J
Animal fats:
279, 284
Production
_ thous. of lb_. 308, 257
297, 887
281,549
365 093 349, 058 r 321, 680
327, 893 378 755
398 619
417, 530
388 109
101, 144
72,754
117, 906
114, 807
Consumption, factory
_ _ do .
96,644
103, 387
98,302
119, 944
121, 909
121, 614
116,026
112 690
273, 326 277, 129
325 955 329 408 r 336 784
Stocks, end of month
do
329 625
303 436
258 887 261 850
327 037
269 893
270 761
Greases:
r
52,630
47, 222
49 982
Production
do
52 114
58 919
54 642
46 862
50 357
58 217
49 801
58 013
56 659
40,841
41, 551
28, 110
Consumption, factory
_ do_ _
37, 9113 rr 36,701
42, 173
44, 277
42, 189
46, 782
40, 075
45, 248
42 855
101, 780
113, 378
111 895
Stocks, end of month
do
104 574
113 712
100 536
100 465
110, 682 103 919
105 411
103 801 105 938
Fish oils:
19, 082
5 141
25, 463
Production
do 16 612
18, 789
11, 060
2 305
25,240
298
900
169
2 297
10, 194
8,925
Consumption, factory
_ _ do_ _
9,451
9,758
9,429
11,508
10, 918
8,578
9,089
9,993
9,840
11, 477
79,494
75, 111
97, 846
66 640
102 999
96 437
104 219
68 538
73, 055
82 084
73 295
Stocks end of monthcf
do
109 630
Vegetable oils, oilseeds, and byproducts^
Vegetable oils, total:
371
584
396
330
430
382
Production, crude
_ _ _ _ mil. oflb__
616
440
483
604
552
522
342
r 442
Consumption, crude, factory
do
484
358
277
487
482
509
487
377
529
478
Stocks, end of month:
T
1,028
1,r 123
1,005
1,021
1,026
1,279
1,202
1,202
1,275
1,100
1 251
1 287
Crudecf
do
400
624
329
589
504
292
632
436
250
556
Refined
- - _-do ._
368
255
97, 151
83, 367
39,913
49, 731
49, 815
52, 833
58,618
74, 267
61, 395
58 899
Exports
thous. of Ib
68, 101
83 843
39, 332
27, 157
28, 638
24,596
36, 491
31,067
24, 878
33, 087
35, 813
19, 647
28,433
Imports, total
- - do_ __ 30, 308
1,674
2, 285
2,415
4,389
2,049
1,886
2,869
442
1,245
2,563
2 050
3,989
Paint oils
do
28, 634
24, 872
22, 032
26, 590
32, 502
37, 446
22, 827
30,218
35, 371
18, 402
26, 678
All other vegetable oils
__
do_ __
26, 019
Copra:
26, 769
29 539
32 794
23 068
22, 047
26,367
29 807
30 476
28 859'
Consumption factory
short tons
37 297
35 774
37 219
20, 732
26, 334
11, 952
25, 202
21, 546
20,923
27, 492
21,161
11, 267
21, 643
21 063
25 462
Stocks end of month
do
21, 716
21, 892
29, 661
34, 681
31, 787
25, 848
36, 287
Imports
_ _
_ do_ __
46, 183
31, 978
23, 608
41,011
35, 147
Coconut or copra oil:
Production:
35, 112
29, 564
41, 626
33, 176
38, 132
36, 929
27, 903
37, 492
44, 976
37, 410
Crude
thous. of Ib
48, 133
47, 172
23, 224
30, 494
27, 987
22, 714
17, 645
31,011
32, 465
24, 983
31, 625
28, 028
Refined
_ _ _
_
do
28, 270
26, 578
Consumption, factory:
39, 206
45, 222
42, 364
28, 911
48, 315
36, 159
44, 475
39,645
48, 037
47, 698
45,564
39, 710
Crude
_ _ _ . . _ _ do
24, 108
25,099
15, 631
20, 254
22, 336
28, 306
26, 727
27, 486
28, 085
25, 348
22, 459
27,305
Refined
do
Stocks, end of month:
94,075
82,
279
82,
143
92,
073
85,
024
79,
869
67,
285
81,
387
61,
932
74,
804
84,
528
85,006
Cruded"
do
8,469
8,961
9,322
9,103
9, 013
8,342
8,839
8,899
9,863
6,995
7,207
6,809
Refined
do _
12, 645
7,018
7,173
3,899
5,701
7,921
7,522
3,731
3,825
5,362
1,767
9,718
Imports
do
Cottonseed:
24
1,006
22
55
322
14
163
1,054
1, 587
598
556
68
Receipts at mills
thous. of short tons
96
433
72
306
776
653
541
218
688
545
838
Consumption (crush) _ _ _
do __
199
802
1,935
70
1,705
315
1,180
935
66
518
1,515
1,881
Stocks at mills, end of month
do
422
Cottonseed cake and meal:
101, 133
201, 182
361, 949
303, 841
43, 989
146, 191
319, 884
253, 208
250, 122 387, 447
32, 880
92,222
Production
short tons
60, 316
89, 767
47,336
56, 176
72, 854
55, 430
71,645
46, 396
56, 737
70, 841
57, 870
Stocks at mills, end of month
do_ _.
57, 343
Cottonseed oil, crude:
244,053
206, 005
34, 127
143, 727
176, 041
24, 271
106, 633 r 72, 082
218, 547
166, 505 257, 819
60,200
Production
thous. of Ib _
162, 209
152, 672
184, 843
188, 644
174, 795
186, 292
22, 329
20, 121
96, 917
90,010
129, 093
29, 133
Stocks end of month
do
Cottonseed oil, refined:
136, 955
164,076
182, 865
185, 037
35, 473
123, 723 r 100, 080
186, 793
96, 085 173, 826
24, 446
40,499
Production
do
107, 399
117, 870
106, 108
135, 226
118, 578
64,121
122, 100
109, 369
125, 071
100, 550
63, 465
97 735
Consumption factory
do
35,023
28,784
44, 497
35, 335
28, 523
19,203
32, 583
21, 210
28,019
36, 816
35, 858
30,583
In oleomargarine
__ _
do
279, 881 1 336, 814 i 383, 410 1413,893 r»434, 758 ri 432, 620
194, 120
102, 715
154,868
225, 137
147, 024
98 103
Stocks end of month
do
.220
.203
.241
.190
.218
.248
.180
.180
.217
.213
.218
'.221
Price, wholesale, drums (N.Y.)*___dol. per lb__
Flaxseed:
2 33, 802
Production (crop estimate) - _ thous. of bu
Oil mills:
2,243
2,196
2,298
3,022
2,854
2,581
1,897
3,700
2,810
3,149
2,083
2,943
Consumption
_
do_
5,547
5,844
5,245
4,430
6,831
7,098
3,654
3,608
6,407
4,429
3,440
3,259
Stocks end of month
do
4.23
4.16
4.54
4.56
3.68
3.42
3.93
3.96
4.16
3.83
4.40
3.41
Price, wholesale, No. 1 (Minn.). _ .dol. per bu_.
Linseed oil, raw:
44, 020
45, 707
46, 857
52, 120
74, 079
38, 953 r 41,647
59,964
54, 981
63,396
57, 057
60, 500
Production
thous. of lb__
41, 734
43,661
40, 462
44, 651
42, 363
43, 685
59, 405
44, 027
50, 091
46, 173
46, 650
52, 352
Consumption factory
do
659, 688
652, 657
659,383 646,589 r 638, 021
652, 696
634, 748
640,760
638, 785
635, 184
Stocks at factory, end of month _ ^ _ _ do __ 623, 490 633, 674
.195
.212
.176
.186
.178
.210
.209
.181
!l97
.201
.169
.159
Price, wholesale (N. Y.)
dol. per Ib—
Soybeans:
2
280, 512
Production (crop estimate)
thous of bu
24, 046
21, 540
20,129
22, 457
23, 179
23,036
19, 682
14, 721
17,842
18, 797
21, 556
17, 759
Consumption, factory _
_ _ - _ _ do _
50, 901
42, 708
32, 307
49, 430
58, 356
68, 052
61, 848
4,274
28, 493
22, 706
33, 367
9,715
Stocks end of month
- do _
Soybean oil:
Production:
234, 386
222, 247
218, 381
204, 138 r 199, 002
221, 400
224, 834
148, 658 214, 799
176, 357
187, 910
Crude
. __ _ __thous. of lb__ 176, 839
180, 626
198, 641
183, 469
181, 249
149, 822
179, 073
130, 391 143, 782
139, 124
120, 792
136, 668
154, 263
Refined
do
164, 911
171,062
168, 379
134, 518
171, 244
147, 351
159, 187
127,916
134, 597
136, 660
116, 315
148, 240
Consumption, factory, refined
do
Stocks, end of month:
224, 072
245, 027
240, 510
230, 950
121, 135
197, 346
197, 473
90, 907
164, 529
116, 683
107, 993
Crude
do _. 107, 383
109, 459
103, 120
130, 234
97, 092
75, 261
83, 920
126, 720
79, 870
73, 602
95, 343
85, 236
Refined
- do --. 113, 715
.155
.165
.144
.150
.148
.179
.195
.191
.190
.225
.199
.206
Price, wholesale, edible (N. Y.)
dol. per lb__
f
2
Revised.
1 Includes stocks owned by Commodity Credit Corporation.
December 1 estimate.
3 July 1 estimate.
* Minneapolis price; earlier data not comparable.
JRevisions for 1950 for production, consumption, and stocks will be shown later.
cfBeginnmg with September 1950, data included for sperm oil, crude palm, castor, and coconut oil are on a commercial stocks basis.
*New series. Compiled by the U. 8. Department of Labor, Bureau of Labor Statistics. Data prior to February 1951 will be shown later.




305 335
115 548
367 590
49 486
31,969
115 580
12 748
10, 174
69 931
343
410

1,054
572

16 051
4,061

21, 486
27, 765
43, 436
26 131
56, 707
7,596
14
153
176

69,838
58, 946
52, 822
58, 602
79, 578
113, 260
28,764
i 401. 400
.185
» 28, 328

2,172
3,059
4.00
44,015
43, 956
637, 975
4.155
18, 617
30, 838

189, 977
177, 198
188, 112
185, 122
111, 280
.174

SURVEY OF CURRENT BUSHSTESS

S-26

August 1952
1952

1951

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

June

July

August

September

October

November

December

February

January

March

April

May

June

101, 136
22, 419

100, 709
15,839

104,040
26, 837

CHEMICALS AND ALLIED PRODUCTS—Continued
FATS, OILS, ETC.— Continued
Vegetable oils, oilseeds, etc.— Continued
Oleomargarine:
Production
thous. of Ib
Stocks (factory and warehouse)
_
do
Price, wholesale, vegetable, colored, delivered
(eastern U. S.)*
dol. perlb_.
Shortenings and compounds:
Production
__thous. of lb__
Stocks end of month
do

70, 927
19, 529

69, 436
17, 451

86, 286
17, 022

85, 074
16, 461

98, 219
19, 218

94, 979
17, 704

96, 240
18, 830

128, 145
17, 485

114,051
24, 951

96, 762
21, 655

.326

.299

.291

.290

.290

.290

.289

.289

.259

.259

.253

.249

.266

86, 770
140, 550

80, 203
114,434

126, 290
104, 682

109, 636
97,018

136, 469
94, 231

131. 721
93, 110

116, 509
101, 441

128, 313
94, 405

131,040
91,890

128, 912
89, 120

127, 375
93, 408

138, 692
83, 228

142, 749
81, 922

80, 796

i 113 445
42, 031
71, 414

1 106 386
41, 608
64, 778

PAINTS, VARNISH, AND LACQUER t
Factory shipments total
Industrial sales
Trade sales

thous of dol
do
do. _

1 110, 938 * 124, 670
41, 594 r 80, 383
69, 344 r 44, 287

1

126,775
44, 687
82, 088

SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets rods, and tubes
thous. of Ib
Molding and extrusion materials
_do
Nitrocellulose, sheets, rods, and tubes
do _
Other cellulose plastics
do
Phenolic and other tar acid resins
Polystyrene
Urea and melamine resins
Vinyl resins §
„
Alkyd resins §
Rosin modifications
Miscellaneous resins §

do
do_ _
do
do
do
do
. do_

2,892
6,274
749
887

3,062
5,766
508
801

2,699
5,204
645
1,153

2,668
4,440
398
1, 050

2,431
4,564
615
919

1,713
3,382
508
796

2,526
2,894
467
507

2,957
4,243
521
734

1,942
4,178
508
792

1,841
4,380
479
784

1,880
4,985
527
683

1,770
4,122
485
657

37,112
27, 115
17, 046
39, 209
32, 176
6,914
15, 661

33, 671
30, 492
13, 823
39, 531
28, 514
6,434
12, 523

32, 477
32, 279
16,218
39,111
30, 347
4,601
15, 030

33,054
30, 372
14, 561
39, 154
26, 168
5,643
15, 447

41, 142
29, 534
16, 179
41,898
27, 394
6,546
16, 146

35, 859
28, 620
14, 343
40, 596
26, 048
6,883
14, 920

28, 970
26, 467
12, 961
42, 029
24, 929
6,729
15, 169

31 652
27, 395
16 005
43, 446
28 616
6,592
15, 860

28 731
26, 518
14 933
39, 245
28 014
7,855
13 163

28, 262
25, 951
15,459
39, 208
28, 300
7,502
16, 586

24, 131
24, 967
14, 233
35, 955
28, 418
7,396
17, 122

24, 009
23, 959
14, 955
31, 897
29, 272
8,023
17, 341

r

r

ELECTRIC POWER AND GAS
ELECTRIC POWER J
Production (utility and industrial), total
mil. of kw.-hr__
Electric 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
Byfuels. _
. __
do
By water powerdo
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 railroads
__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

34, 966
29, 840
21, 819
8,021

35, 435
30, 392
22, 111
8,281

37, 510
32, 326
24, 510
7,816

35, 296
30, 275
23, 239
7,036

37, 775
32, 441
24, 893
7,548

37, 313
32, 095
24,017
8,079

38, 459
33, 143
24, Oil
9,132

39, 710
34, 203
24, 302
9,901

36, 768
31,536
22,075
9,461

38, 568
33, 040
22, 597
10, 443

36, 736
31, 515
21, 553
9,962

37, 065
31,824
22. 132
9,692

36,052
31, 525
22, 366
9,160

25, 778
4,062
5,126
4,736
390

25, 974
4,418
5,042
4,701
341

27, 638
4,689
5,184
4,861
322

26, 197
4,078
5,020
4,722
299

28, 224
4,217
5,334
4,993
341 ^

27, 934
4, 161
5,217
4,872
345

28, 534
4,609
5,316
4,896
420

29,006
5,197
5, 507
5,042
465

26, 717
4,819
5,232
4,766
466

27, 647
5,393
5,529
5,022
506

26, 559
4,956
5, 22L
4,753
469

26, 910
4,915
5,240
4,745
496

26, 451
5,075
4,526
4,141
385

25, 709

25, 663

26, 725

26, 777

27, 114

27, 481

28, 263

29, 217

28, 708

28, 453

27, 766

27, 178

4, 683
13, 098
441
5,812
774
216
637
47

4,875
12, 729
422
5,779
952
223
637
47

5,012
13, 493
427
5,810
1,030
245
669
40

5,030
13, 321
413
6,065
980
269
659
40

4,813
13, 919
446
6,186
720
302
686
42

4,861
13, 779
475
6,712
577
325
713
39

4,976
13, 704
527
7,447
521
347
699
43

5,124
13, 797
523
8,170
503
348
717
35

5,048
13, 700
488
7,902
496
318
722
35

4,945
13, 869
504
7,548
544
298
710
35

4,792
13, 764

7,157
598
268
698
30

4,767
13, 669
444
6,679
639
249
691
40

456, 164

457, 799

469, 300

476, 635

477, 724

488, 495

501, 349

522, 258

514, 575

504, 334

494,080

486, 460

GAS rf1
Manufactured and mixed gas (quarterly) :
Customers, end of quarter, total
thousands
Residential (incl. house-heating)
do _
Industrial and commercial
_ do
Sales to consumers, total
mil. of therms
Residential
do_ _
Industrial and commercial ...
do_ _
Revenue from sales to consumers, total
thous. of dol__
Residential (incl. house-heating) ...
_do__
Industrial and commercial -. __ . _ __ do _
Natural gas (quarterly) :
Customers, end of quarter, total
thousands-Residential (incl. house-heating)
_do_ _
Industrial and commercial
__ __ do_ _
Sales to consumers, total.
mil. of therms
Residential (incl. house-heating)
do___
Industrial and commercial.- __ .
do _
Revenue from sales to consumers, total- .thous. of dol_ .
Residential (incl. house-heating)
do___
Industrial and commercial
do
r

8, 840
8,228
606
817
503
302

8,230
7,667
557
594
315
269

8,044
7,491
549
829
522
290

7 932
7 376
551
1,156
785
353

132,496
95, 332
36, 057

101, 899
71, 134
29, 906

127,909
92, 138
34, 338

165, 655
121 287
42, 851

15,697
14, 431
1,249
10, 484
3,009
7, 125
382, 063
205, 054
170, 256

16, 192
14, 923
1,251
8,666
1,257
6,988
269, 807
107,811
154, 061

17,178
15, 782
1,378
11, 532
3,728
7,413
452, 637
255, 866
188, 563

17, 553
16 101
1, 434
14, 861
6,409
8,037
648, 863
416 815
222, 670

!
Revised.
*> Preliminary.
Comparable data for January-May 1951, respectively (thous. dol.): 128,102; 117,025; 132,257; 122,925; 128,081.
*New series. Compiled by U. S. Department of Labor, Bureau of Labor Statistics. Data prior to February 1951 will be shown later.
tRevised series. Data are estimated total factory shipments of finished paint, varnish, and lacquer. Figures supersede those shown in the SURVEY prior to the June 1952 issue
•w/hinh H i H not moacnro tn+al olTi'-nmontc .
'
§See note "1" in the February 1952 SURVEY and earlier issues regarding changes in classification and coverage beginning with data for January 1951.
JTJnpublished revisions for January-July 1950 for electric-power production will be shown later.
cfAll sales data formerly expressed in cu. ft. are now published in therms by the compiling source; 1932-49 figures expressed in therms and minor revisions for customers and revenue for
1932-44 will be shown later. Revisions for the first 2 quarters of 1950 are shown in the corresponding note in the October 1951 SURVEY.




SURVEY OF CURRENT BUSINESS

August 1952

S-27
1952

1951

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

June

July

August

September

October

November

December

January

February

May

April

March

June

FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
Production
thous. of bbl
Tax-paid withdrawals
_.do
Stocks, end of month
do
Distilled spirits:
Production
thous of tax gal
Consumption, apparent, for beverage purposes
thous of wine gal
Tax-paid withdrawals
thous. of tax gal
Stocks, end of month
_ '
do
Imports
thous of proof gal
Whisky:
Production
thous. of tax gal
Tax-paid withdrawals _
_
do __
Stocks, end of month
do
Imports
thous of proof gal
Rectified spirits and wines, production, totaled
thous. of proof gal. Whisky
_
do
Wines and distilling materials:
Sparkling wines:
Production
thous. of wine gal
Tax-paid withdrawals
_
do
Stocks, end of month
do
Imports
_
do
Still wines:
Production
_. _ do _
Tax-paid withdrawals
do
Stocks, end of month __ ._
_ _ d o _ _.
Imports
do
Distilling materials produced at wineries do

8,959
8,182
11, 344

9,009
8,480
11, 383

8,997
8,886
10, 930

7,032
6,995
10, 522

6,841
6,732
10,211

6,142
6,410
9,506

6,284
6,077
9,240

6,967
6,442
9, 307

6,601
5,601
9 897

25, 832

18, 774

16, 376

22, 214

34, 768

28 840

19 382

17 026

15 546

15 009

13, 226
7,273
901, 106
1,463

12, 615
7,021
910, 339
1,345

14, 688
8,664
915, 424
1,327

16, 877
11, 252
914, 577
1,766

22, 403
15,671
911,925
2,557

15 958
11, 058
917, 249
1 880

19, 427
7, 746
925, 197
1 696

12, 038
. 6, 592
932, 563
1 254

12 459
7 746
936, 386
1 210

14, 449
9,757
940, 071
1,518

13, 273
3,640
751, 233
1,368

9,763
3,686
755, 774
1,243

6,905
5,002
756, 411
1,219

8,158
6,887
755, 457
1,628

10, 322
9,129
755, 041
2,209

10, 831
6,679
756, 521
1,714

10, 463
4,682
760, 803
1,516

9,548
4,095
765, 029
1,129

9 114
4,645
768 047
1 102

8,648
5,536
768, 745
1,401

5,915
5,243

6,431
5,837

7,843
6,904

10,375
9,501

12, 609
11,242

9,518
8,502

7.349
6,516

5,094
4,348

6,052
5 394

117
84
1,550
50

59
56
1,546
33

149
71
1,617
.
38

67
95
1,585
43

46
133
1,484
72

80
173
1,385
115

118
173
1,316
98

141
76
1,365
41

1,212
8,207
133, 978
363
417

1,036
6,969
127, 386
260
602

4,102
8,573
120, 474
259
8,732

29, 039
9,879
139, 168
269
73, 107

77, 369
11,515
210, 588
424
150, 884

39, 076
12, 230
237, 581
538
87, 335

8,393
10, 877
231, 616
605
25, 981

142, 305
72, 598
.686

133, 775
104, 405
.675

120, 185
116, 790
.673

95, 900
113, 501
.682

87, 815
94,611
.707

67, 515
59, 349
.740

143, 350
113, 520
234, 608
204, 009
2,757

127, 175
101, 505
262, 540
227, 199
2,454

111, 005
86, 855
269, 564
233, 788
7,419

91, 945
69, 965
272, 053
239, 500
3,588

82, 445
59, 005
259, 415
229, 561
3,288

.420

.408

.420

.410

34, 850
6,200
371, 900

23, 750
4,900
315, 300

20, 475
4,375
264, 000

8,796
426, 747

7,905
524, 514

5,664
32, 587

7,964
7,381
10, 943

8,975
8, 412
10, 961

14, 166

11, 642

8,592

13 905
8,955
941, 184
1 322

14,618
9, 349
940, 454
1 362

9,723
937, 156

8,045
4,997
769, 763
1 208

6,793
4,546
769, 996
1,265

4,823
5,028
767, 558

7,060
6,174

6,935
6,037

7,398
6,461

6,757
5,887

59
56
1 352
27

55
59
1,334
31

201
69
1,458
31

1,510

2,892
10, 702
222, 652
391
6,654

1 368
10 627
210 209
292
526

1,462
11 406
199, 133
416
456

1,644
10 453
189, 089
427
685

69, 945
27 051
.791

77, 435
13, 874
.803

77, 250
7 879
.845

92, 030
6 505
.738

103, 780
10 522
.714

64, 750
42, 970
232, 968
204,683
4,095

65 480
43, 130
222, 136
194, 784
3,863

68, 760
45, 810
193, 272
167, 824
4,895

70 540
47 210
166, 040
142 945
3 385

85 735
58, 465
155, 195
133, 815
2 832

.424

.431

.449

.444

.436

.429

.423

.429

.435

15, 950
4,200
197, 000

14, 875
4, 250
166, 500

12, 350
4,650
133, 500

14, 750
6,190
141,700

13, 600
6,550
157, 000

14, 100
6 025
164, 850

18, 000
7 400
205, 000

20, 800
4 500
261, 850

34, 100
3 900
366, 100

25,200
4 725
347, 750

7,171
543, 438

5,878
501, 412

6,957
448, 008

8,777
357, 311

9,185
225, 988

6,585
140, 611

7 388
74 505

8 237
76 443

7 299
123 180

8 195
225 802

9 540
390 517

2, 466
15, 596

3,195
27, 617

2,616
26, 573

1,463
12, 590

1,124
4,277

1,262
6,048

6,856
5,731

3 215
7,025

4 729
5,676

2 301
8,296

2 656
8,031

10.80
6.14

10.80
6.12

10.80
6.09

10.80
6.06

10.80
6.05

10.80
6.08

10 80
6 19

10 80
6.25

10 80
6 34

10 80
6 38

10 80
6 39

10 80
6 32

10 80
6 30

12, 212
5,334
4.98

11, 426
4,845
5.05

10, 505
4,268
5.12

9,145
3,407
5.20

8,528
3,060
5.30

7 611
2,378
5.38

7 797
2 477
5.43

8,178
2,706
5.44

8 170
2 731
5.48

9 494
3 292
5.46

10 129
3 823
5.33

12 049
5 061
5.26

11 867
4 961
5.23

14, 325
108, 400

13, 625
82, 050

9,775
66, 900

7 150
45, 425

6 115
35, 825

4 125
. 25,930

5 955
35, 400

7 325
45, 250

6 900
50, 345

9 000
67, 900

9 860
82, 300

11 250
122, 300

13 150
116, 900

22,240
110, 408

24, 130
128, 615

26, 325
125, 340

25, 511
109, 868

23, 288
82, 219

19, 612
56, 548

17 917
42, 265

16 765
29, 677

14 625
24, 327

13 343
34, 566

14 558
54, 691

16 785
108, 457

18 946
150, 703

6,301
20, 927

5,369
24, 195

4,449
4,196

2,835
2,675

3,836
2,139

5,598
2,994

4,932
2,508

3,663
1,639

3 494
7 908

5 371
4,305

2 499
4 415

2 842
9 8?9

.146

.147

.147

.149

147

150

151

152

156

159

163

163

7,440
6,744
10, 891

7,328
6,099
10,66€

r

r

r

129
71
36

1,640
9 326
181, 346

365
126

DAIRY PRODUCTS
Butter, creamery:
Production (factory) t
thous. of lb_.
Stocks, cold storage, end of month
do
Price, wholesale, 92-score (New York)_dol. per l b _ _
Production (factory), total t
thous. of Ib
American, whole milk t__
do
Stocks, cold storage, end of month, total ._. do
American, whole milk
. _ do _ _
Imports
do
Price, wholesale, American, single daisies (Chicago)
dol. perlb.Condensed and evaporated milk:
Production: t
Condensed (sweetened):
Bulk goods
___thous. of lb._
Case goods O
_ __ _
do
Evaporated (unsweetened), case goods___do
Stocks, manufacturers', case goods, end of month:
Condensed (sweetened)
thous. of Ib
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 t
mil. of Ib
Utilization in mfd dairy products
do
Price, dealers', standard grade
dol. per 100 lb_.
Dry milk:
Production: t
Dry whole milk
thous of Ib
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) TJ S average
dol. per Ib

-

r
r

134, 970
30 821
.693

130, 615
69 739
.690

102 450 rr 138 275
74, 410
106 525
158, 949 r 185, 927
139 705 r 164 654
3 263
1 904

'139 320
109 000
222, 032
194 094

163

FRUITS AND VEGETABLES
Apples:
1
Production (crop estimate)
thous. of bu_2 101 767
110, 660
900
r 935
694
206
254
1,127
4 163
Shipments carlot
no. of carloads
3 637
2 449
2 856
2 047
2 008
1 4^0
680
294
293
28, 375
7,684
Stocks, cold storage, end of month. _ -thous. of bu_.
28, 000
22, 113
16, 014
5,983
10, 753
2,' 894 r r 1, 037
269
10, 459
7,195
7,553
6,332
6,201
Citrus fruits, carlot shipments
no. of carloads. 7,727
11, 839
11,548
10, 472
11,397
11,218
12, 605
9,546
Frozen fruits, stocks, cold storage, end of month
573, 708
610, 299
thous. of lb__ 531, 090
571, 229
599, 766
489, 932
496, 386
465, 137
466, 735
471, 101
475, 636 r 537, 679
565, 304
Frozen vegetables, stocks, cold storage, end of
OAK noi
290, 321 369, 311
445, 724
554, 175
month
_ _ thous. of Ib
515, 766
522, 076
498 340
444 409
348 023 313 708 r 301 739
398 699
Potatoes, white:
1
Production (crop estimate)
thous. of bu__
325, 708
2 339 048
f - l O COK
•iq ro^
22, 596
12, 931
11, 589
12, 373
18 289
Shipments carlot
no. of carloads
19 079
16 378
22 043
18 556
24 138
Price, wholesale, TJ. S. No. 1 (New York)
3.733
3.008
dol. per 100 Ib—
3.436
4.171
3.865
4.736
5.540
6.875
6.660
6.025
5.820
5.570
4.844
r
2
Revised.
1 December 1 estimate.
July 1 estimate.
cf Figures beginning July 1951 exclude production of wines and vermouth; for July 1950-June 1951, such production totaled 99,000 gallons
^Revisions prior to November 1950 are available upon request as follows: Beginning 1949 for butter, cheese, and nonfat dry milk solids; beginning 1950 for condensed and evaporated
milk and dry whole milk. Revisions for fluid milk (January 1940-February 1951) will be shown later.
G Figures beginning 1950 represent whole milk only; earlier data cover both whole and skimmed milk.




SUKVEY OF CURRENT BUSINESS

S-28
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

August 1952

1951

June

July

August

September

1952

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. of bu
Barley:
Production (crop estimate)
_
do
Receipts, principal markets
do
Stocks, domestic, end of month:
Commercial
do
On farms
do
Exports, including malt
_ do
Prices, wholesale (Minneapolis):
No. 2, malting
dol. per bu_.
No. 3, straight
.. do
Corn:
Production (crop estimate)
mil. of bu
Orindings, 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. perbu..
No. 3, yellow (Chicago)
do
Weighted average, 5 markets, all grades. -do
Oats:
Production (crop estimate)
mil of bu
Receipts, principal markets
thous. of bu._
Stocks, domestic, end of month:
Commercial
do
On farms
do
Exports including oatmeal
do
Price, wholesale, No. 3, white (Chicago). ..dol. per bu_

54,519

41, 663

51,689

48,585

40 444

47 647

48 231

54 260

64 557

69 006

50 508

52, 905

i 254, 668
8, 039

9 710

9 481

7,787

7,194

7,909

6,819

7,204

22, 135

12, 411

10, 200

11 518

24,285
40, 196
3,137

23,361

26, 353

26 779

21 005

14,646

1,385

930

3 903

19, 160
78 131
4,024

16, 385

1,554

25, 483
124 287
2 995

22 042

2,548

28, 254
171 419
4,056

27, 704

5,266

2 305

1,187

1.388
1.261

1.283
1.193

1.368
1.264

1.434
1.292

1.542
1.389

1.652
1.481

1.593
1.440

1.638
1 471

1.549
1 407

1.492
1.331

1.423
1.308

10, 769
21,155

9,604
21, 759

10, 147
23, 800

9,289
21, 578

10, 424
24, 565

10, 774
33, 948

2 941
9,238
34,498

10, 858
44, 823

10,002
32, 248

10, 486
27, 248

42, 570
801.3
6,985

35, 379

32, 559

47, 299

63,788

5 161

6 158

51, 394
1,919.3
10 165

58, 785

6 015

32, 785
312 9
4 igs

38, 497

6 568

8 197

4 521

(3)
1.721
1.617

(3)
1.764
1.667

1.854
1.794
1. 705

1.795
1.801
1.712

1.798
1.782
1.709

1. 762
1.828
1.680

(3)
1.926
1.699

(3)
1 913
1.597

7,923

9,930

23, 302

15, 684

7,503

9,224

1 316
9, 450

14,889
257, 920

17, 798

27, 449

227

33, 213
1,103 455

.865

269
.794

62, 332
30, 734

88, 472
58, 385

r

2 207, 547
6,172
14, 798
38, 130

1. 443
1.234

1.530
1.316

10, 745
18, 316

10, 487
17, 358

2 3, 365
9,964
20,041

61, 849
1,067 8
10 437

50, 173

40, 741

7 532

6 859

1.998
1 802
1.587

(3)
1.847
1.637

1.868
1 818
1. 731

C)
1.842
1.756

6,420

5,826

6,805

6,602

11, 715

21 186

17 065

12, 046

16, 038
244, 646

503
.912

11 785
516 603
778
.931

9 057

208
.992

215
.887

588
.908

.838

120 540
80, 214

131 132
129, 926

120 622
73, 485

50 534
65, 063

65, 414
35, 882

74, 247
33, 526

1

1

891

31, 507

28, 173

149

.817

543

.856

.918

504
1.071

42, 350
73, 389

31, 647
18, 109

190,887
44,418

94, 417
77, 966

26, 931
841 889
254
1.045

32, 526
609.2

1.900
1.830
1.763
2

1, 353
9,130

Rice:
Production (crop estimate) ._
thous. of bu
California:
Receipts, domestic, rough
. thous. of Ib
Shipments from mills, milled rice
do _.
Stocks, rough and cleaned (cleaned basis), end
of month
thous. of lb_.
Southern States (Ark., La., Tenn., Tex.):
Receipts, rough, at mills
thous. of Ib
Shipments from mills, milled rice _ _ ... do _
Stocks, domestic, rough and cleaned (cleaned
basis), end of month
thous. of lb_.
Exports __
__
do
Price, wholesale, head, clean (N. O.).-dol. perlb_-

65,013

63, 302

20,372

23, 127

102, 340

90,071

77, 352

76, 825

42, 642

54, 187

25, 175

32, 838

48, 200

26, 529
99, 562

28, 261
140, 267

292, 259
153, 069

551, 420
191,062

980, 355
295, 248

330, 758
186, 612

199,749
177, 402

209 432
158, 633

125 522
125 513

129 682
181 874

187 253
217 515

134, 497
277, 223

91, 122
211, 604

279, 413
13, 259
.104

162, 622
127, 364
.104

215,451
111,588
.091

383, 344
133, 772
.083

697, 198
157, 879
.090

719, 664
191,466
.094

676, 066
87, 408
.096

642, 963
89, 502
.100

598, 059
193 280
.105

611,299
97 255
.105

442, 860
129 517
.105

285, 248
253, 400
.105

153, 772

Rye:
Production (crop estimate)
thous of bu
Receipts, principal markets t
do
Stocks, commercial, domestic, end of month.do
Price, wholesale, No. 2 (Minn.)
dol. per bu-_

901
2,006
1.834

1,800
2, 423
1.790

5,995
5,129
1.642

2,330
6,183
1.659

1,381
6,471
1.817

806
6,217
1.933

741
6,136
2.036

636
5, 844
1. 915

864
5,321
2.027

480
2,825
1.945

1 163
1,995
1.928

1

1

Wheat:
Production (crop estimate), total
mil. of bu
Spring wheat-. _._ __
_
do
Winter wheat
do
31,013
65, 841
Receipts, principal markets.
-thous. of bu
' 325, 221
Disappearance, domestic
do
Stocks, end of month:
Canada (Canadian wheat)
.do. __ 167, 086 1^60, 577
396, 204
United States, domestic, totald"
_
do
157, 848
Commercial
rjo
211, 870

2

97, 344
89, 767
76, 982

21,410
1,267
6,344
2.051

1
1
1

66, 140

r

60, 975
262, 843

233, 527

164, 425
1, 128, 018
238, 443

143, 643

47,284

35. 730

r

987. 5
342. 0
645 5
32, 396
281, 351

26, 284

29 072

24 341
r 34 1 73 K)

22 191

23 598

216, 427

213 163

208 850

144 640

206 068
520 869
124 865

202 564

163 161

101 851

88 954

39 403
35 799

41, 733
38 565

2.503
2 492
2 440
2.414

2.485
2 446
(%}
2. 405

IS HA^
70 />

r 1 7 £QQ

223, 849

209, 143

224, 941

202, 464

218, 333
856, 807
199 Q47

33, 576
30, 140

39, 600
35, 186

201,979
113,007
339 336
34,818
29 395

44, 918
41,315

46, 435
41 794

111, 837
80 630
201 500
53, 427
49 049

89,129
73, 587
72, 638
42, 306
39,706

29, 220
27, 458

42, 819
38, 500

272, 960
131, 963
480, 862
39, 797
35, 439

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

2.448
2.343
2.191
2.348

2.475
2.307
2.213
2.313

2.464
2. 330
2.287
2 339

2.442
2.383
2.402
2.341

2.517
2.452
2.488
2.404

2.597
2 540
2 565
2.472

2. 568
2 541
2 (525
2.488

2.546
2 519
2 555
2.471

2.505
2 492
2 547
2.422

2.540
2 496
2 492
2.436

17, 091
72.9
342, 902
39, 987

18, 026
76.5
364, 193
42,156

19,653
76.3
395, 893
45,928

18, 795
88.5
377 944
43, 789

21 055
88 2
456 496
49, 342

19 876
84 4
403 215
46, 684

18 386
82 0
375 647
43, 333

21 212
86 4
429 296
49, 683

18 519
79 1
376 000
43,337

OCA ftftn
42, 025

1,475

1 895

4,701
2 328

1 546

1 992

5 033
1 879

5.885
5.713

6.138
5.850

6.044
5.710

5. 935
5.600

5.865
5. 575

5.720
5.650

4,494
1, 116

756

1,854

4,712
1,870

6.013
5.660

6.010
5.744

6.019
5.725

5.894
5.690

.105
2 15 578
547
1,278
2.038
2

Interior mills, elevators, and warehouses
thous. of bu_.
Merchant mills
..do
On farms _.
_ ._ _
do
Exports, total, including
flour
do
Wheat only
_
do

Wheat flour:
Production:
Flour
thous. of sacks (100 Ib )
Operations, percent of capacity
Offal
short tons
Grindings of wheat
thous. of bu..
Stocks held by mills, end of month
thous. of sacks (100 lb.)__
Exports
do
Prices, wholesale:
Spring, short patents (Minneapolis^*
dol. per sack (1001b.)__
Winter, hard, short patents (Kansas City)*.do___

100, 811

17 Qf)fl

7fi ^

1 249 0
2 200 6
2 i 048 4
87 348
274 971
199 056
253 895
93 924
54,816
39 562
64 449

2.505
2 305
2 104
2.350

7K O
9 co C\C\f\

77 ^

f\(\f\

42, 217

41, 096

42, 234

9CO

1 *v!7

I

Qfift

5.675
5.585
5.630
5.600
5.500
5.325
Revised.
* December 1 estimate.
July 1 estimate.
* No quotation.
fRevised series. Data are furnished by the Chicago Board of Trade and represent receipts at 12 interior primary markets; for names of markets and data for Jannarv
y iQ48-Tnlv
y IQIO <?P
note marked "t" on p. S-28 of the October 1951 SURVEY.
'
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
*New series. Data prior to February 1951 will be shown later.
r




2

SUKVEY OF CUEEENT BUSINESS

August 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

S-29

1951

June

July

August

September

1952

October

November

December

January

February

March

May

April

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 lOOlb..
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 lb_.
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!081b__
Lambs, feeder, good and choice (Omaha). .do

1,345
111

406
787

408
920
1.754
173

422
1,064
2,066
293

373
956
2,307
515

500
1,140
2,928
893

457
1,122
2,063
460

344
998
1,533
200

382
1,096
1,648
133

343
985
1,481
158

397
927
1,473
143

405
938
1,581
128

388
1,009
1,593
155

392
966
1,584
152

35.68
32.83
38.31

35.75
31.61
37.40

36.39
32.59
36.75

36.99
31.90
36.25

36.75
31.97
37.10

36.29
31.63
36.00

34.59
30.45
36.00

34,25
31.19
36.50

33.78
32.06
37.00

33.41
31.99
38.50

33.39
31.32
37.00

33.29
32.06
36.75

32.22
27.21
34.50

4,700
2,856

3,826
2,630

4,236
2,765

4,398
2,743

5,651
3,460

6,531
4,098

6,912
4,174

6,835
4,373

5,779
3,626

5,776
3,561

5,281
3,163

4,482
2,800

4,259
2,771

21.07

20.36

20.35

19.62

20.09

18.30

17.74

12.9

12.8

12.8

11.9

12.4

811
964
164

863
1,076
168

889
1,310
492

827
1,821
703

35.00

31.75
0)

31.50
31.34

1,442
847
81

1,387
748
84

483, 836
96, 041
348

556,897
94, 900
472

17.42

17.07

16.56

16.58

19.61

19.25

11.1

10.4

10.4

10.4

10.1

9.8

11.8

11.2

1,084
2,152
822

922
1,157
305

810
946
119

1,042
1,150
123

990
971
109

971
988
119

941
1,068
131

939
1,070
141

926
1,045
133

31.25
32.64

31.00
32.00

31.00
31.31

30.75
30.50

30.25
(')

28.00
0)

26.88
0)

28.88

28.12
0)

28.38
0)

1,488
640
62

1, 374
550
56

1,668
531
44

1,841
728
87

1,866
966
108

1,977
1,146
113

1,715
1,264
115

1,656
1,313
94

1,557
1,320
65

1,476
1, 201
62

1,444
1,157

617, 158
101, 377
769

553, 317
102, 301
2,643

648,917
135, 560
892

645, 256
198, 647
2,189

585, 399
234,679
850

656, 307
256, 247
660

593, 420
265, 700
1,006

557, 237
267, 437
1,116

566, 992
252, 350
892

610, 297
' 224, 432
1,636

582, 712
197, 140

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, choice
(600-700 Ibs.) (New York)
dol. perlb..
Lamb and mutton:
Production (inspected slaughter)
thous. of lb_.
Stocks, cold storage, end of month
do
Pork, including lard, production (inspected
slaughter)
thous. of lb_.
Pork, excluding lard:
Production (inspected slaughter) .__
do
Stocks cold storage, end of month _ __ do
Exports
do
Prices, wholesale :
Hams, smoked, composite
dol. perlb..
Fresh loins, 8-12 Ib. average (New York). .do
Lard:
Production (inspected slaughter)
thous. of lb_.
Stocks, cold storage, end of month. _
do._
Exports
do
Price, wholesale, refined (Chicago) ...dol. perlb..

r

.578

.576

.578

.594

.601

.599

.579

.571

.562

.560

.564

.559

.540

35, 892
5,235

38,061
6,211

39, 369
6,407

36, 652
7,227

47, 490
9,767

42,803
12, 536

37, 915
13, 720

50,536
13,840

48,986
13, 532

48,201
14, 896

45, 703
13, 067

45, 306
16, 141

41, 392
14, 737

922, 354

791, 554

831, 556

784, 336

971,381 1, 153, 267 1, 242, 339 1, 269, 791 1, 072, 252 1,050,706

944, 623

820, 518

819, 934

672, 784
572, 372
6,113

576, 759
496, 171
5,851

614, 815
401, 573
5,833

579, 276
325, 959
5,753

718,673
276, 255
8,899

850, 917
381, 870
7,484

905,863
548, 604
11, 257

931, 607
704, 992
10, 337

771,472
793, 870
7,675

759, 957
822,006
8,512

682, 678
823, 741
7,997

594, 319
' 727, 665
8,655

601, 250
688,040

.574
.488

.573
.488

.574
.544

.568
.559

.574
.557

.549
.460

.544
.427

.546
.433

.527
.424

.526
.448

.531
.430

.531
.550

.569
.535

182, 936
68, 754
67, 886
.200

157, 111
46, 820
72, 030
.198

158, 700
34, 702
48, 398
.198

149, 769
28, 372
41,753
.208

184, 705
31, 344
29, 808
.209

221,097
39, 229
70, 076
.180

246, 363
53, 614
88,194
.190

248, 037
49,284
96,445
!l75

220,934
53,816
100, 339
.175

213, 346
70,803
79, 627
.153

191, 803
88, 821
51, 552
.145

165, 818
' 105, 749
46,395
.145

160,274
130, 867

42, 360
106, 692
.289

46, 157
121, 493
.288

63, 264
166, 242
.276

77, 471
259, 920
.261

87, 278
309, 943
.248

76, 887
302, 151
.284

35, 651
300, 000
.275

35, 067
270, 397
.295

42, 273
232, 832
.295

41,462
194, 965
.258

58, 058
' 185, 688
.225

52, 212
174, 461
.218

4,543
668

4,112
498

3,943
468

4,240
370

4,345
357

4,793
429

5, 716
1,681

6,441
2,325

6,191
2,220

5,983
2,037

5,032
1,427

2,270
190, 818

1,615
176, 273

958
151, 293

527
121, 592

230
95, 143

141
67,200

238
53, 055

942
60, 576

1,596
84, 295

2,184
111, 185

r
3, 184
145, 863

3,333
165, 865

.514

.595

.630

.669

.664

.496

.398

.364

.382

.396

.359

.404

r

r

.145

POULTRY AND EGGS
Poultry:
52, 380
Receipts, 5 markets
thous. of Ib
112,369
Stocks, cold storage, end of month
do
.308
Price, wholesale, live fowls (Chicago) § dol. per lb. _
Eggs:
5,060
Production, farm
millions
2,652
Dried egg production
thous. of lb_.
Stocks, cold storage, end of month:
2,427
Shell
_ .
thous. of cases
Frozen
thous. of lb_. 189, 980
Price, wholesale, extras, large (Chicago)
.517
dol. per doz_.
MISCELLANEOUS FOOD PRODUCTS

r

5, 409
894

r

r

54, 385
113, 945
71, 824
113,842
97, 030
78, 125
100, 170
84,067
74, 423 ' 60, 318
89, 249
54,335
Confectionery, manufacturers' sales*. -thous. of dol.. r 57, 796
Cocoa:
15,
636
6,090
16, 747
29, 857
9,622
23, 235
15, 555
32, 672
23, 778
27, 023
24, 020
28, 764
Imports
long tons
.341
.321
.355
.351
.326
.295
.358
.383
.384
.384
.331
.381
.378
Price, wholesale, Accra (New York).. dol. per lb_.
Coffee:
1,482
985
1,792
1,419
1,609
837
1,725
1,521
1,331
1,604
1,015
953
1,024
Clearances from Brazil, total
thous. of bags. _
521
962
1,089
945
888
572
1,008
758
899
871
566
624
626
To United States
do
551
736
619
591
690
689
562
955
658
966
850
756
691
Visible supply, United StatesJ
do
1,295
2,048
1,253
1,882
1,742
1,217
1,999
2,292
2,042
1,325
1,707
Imports
do
1,126
Price, wholesale, Santos, No. 4 (New York)
.532
.541
.545
.543
.536
.536
.550
.543
.548
.535
.550
'.533
dol. per lb_.
.530
Fish:
54, 520
70, 310
50,468
38, 843
69, 618
68, 613
25, 946
23,139
29,224
Landings, fresh fish, 5 ports __
thous. of lb__
37,963 r 51, 478
179, 135
125, 704
146, 891
171,924
168, 792
166, 100
127, 351
148, 113
113, 544
161, 628
Stock, cold storage, end of month
do
113, 996
123, 762
146, 834
r
Revised.
1 No quotation.
§ Series revised to represent quotations for heavy type.
*New series. Compiled by the U. S. Department of Commerce, Bureau of the Census, representing estimated total sales by manufacturers of confectionery and competitive chocolate products. The figures exclude sales of chocolate coatings and cocoa produced by chocolate manufacturers and sales by manufacturer-retailers with a single business location.
JFor revised data for July 1949-October 1950, see note marked "J" on p. S-29 of the January 1952 SURVEY.




SURVEY OF CURRENT BUSINESS

S-30

August 1952
1952

1951

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

June

July

August

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
do
Refined sugar, total
From Cuba
Price (New York) :
Raw, wholesale
Refined :
Retail
Wholesale
Tea imports

_.

__do_. _
do

r

r
r

3, 093

2,573

1,977

1,602

952

577

427

718

1,883

3,033

4,033

4,423

4,388

47, 954
620, 832
284, 460

31, 386
594, 611
228, 452

27, 762
542, 615
195, 252

98, 067
396, 322
111,020

464, 289
444, 726
92, 575

627, 848
314, 637
102, 389

472, 810
164,866
155,925

84, 442
364, 959
72, 083

32, 439
293, 390
40, 217

24, 680
692, 525
221, 145

29, 006
596, 991
180, 047

18, 150
673, 682
200, 747

46, 465
503, 896
142, 458

812, 554
802. 152
10, 402

519,795
511,268
8,527

676, 096
670, 503
5,593

646,163
643, 958
2,205

678, 741
676, 573
2,168

546, 529
544, 224
2,305

556, 802
536, 614
20, 188

581, 376
578, 699
2,677

544, 553
542, 900
1,653

862, 480
860, 405
2,075

612, 641
608, 995
3,646

596, 990
595, 062
1,928

896. 355
894, 103
2,252

1,090
25, 412

1,217
10, 656

1,121
3,399

958
2,011

1,169
1, 470

1, 540
1,005

1, 756
18, 264

1,613
867

1,473
1,122

1,241
11, 522

1,283
25, 423

1,400
21, 620

1,114

271,882
174,534
97, 342

314, 392
230, 304
79, 723

311, 704
246, 113
54, 807

252, 570
212, 522
40 041

242, 519
226, 799
11,984

236, 919
226, 225
10, 691

75, 340
74, 217
1,120

248, 724
223, 704
25 017

275. 173
232, 234
42 938

398, 577
307,151
91,394

344, 860
281. 355
62^ 886

436, 800
310, 072
126 728

29, 310
29, 168

35, 197
35, 197

32, 735
32, 728

28,013
28,013

45, 251
45, 251

4,926
4,424

1
0

10, 221
10, 220

22,073
21 873

27, 245
26, 895

52, 053
51, 403

31, 464
30, 664

r

r

dol. per lb_.

.066

.063

.060

.060

.059

.060

.058

.058

.059

.063

.062

.062

.066

dol. per 5 Ib
dol. per lb_.
thous. of Ib

.482
.084
5,704

.492
.086
7,173

.497
.084
7,152

.496
.083
5,835

.486
.081
4,945

.482
.081
5,624

.482
.081
6,713

.483
.081
7, 769

.480
.080
6,659

.476
.080
9,855

.489
.085
8,798

.492
.085
7 132

.492
.085

TOBACCO
Leaf:
Production (crop estimate)
mil. of lb_
Stocks, dealers' and manufacturers', end of quarter, total
mil. of Ib
Domestic:
Cigar leaf
do
Air-cured, fire-cured, flue-cured, and miscellaneous domestic
mil of Ib
Foreign grown:
Cigar leaf
-- ...do
Cigarette tobacco
do
Exports, including scrap and stems. .. thous. of lb_Imports, including scrap and stems
do

1

2, 282

2 2 2°4

3,573

3,760

4,271

4,244

404

373

350

400

385

2,973

3,203

3,732

3 648

3 243

17
180
26, 794
7,832

Manufactured products:
19, 581
Production, manufactured tobacco, total. ..do
7,475
Chewing, plug, and twist
_ do
8,897
Smoking
do_ -3,209
Snuff
do
Consumption (withdrawals):
Cigarettes (small):
3,463
Tax-free
millions. .
32, 474
Tax-paid
. -do
502,
592
Cigars (large) tax-paid
thousands
Manufactured tobacco and snuff, tax-paid
19, 091
thous. of lb_.
1,404
Exports, cigarettes.
millions. ..
Price, wholesale, cigarettes, manufacturer to
wholesaler and jobber, f. o. b. destination*
dol. per thous.- « r 3. 555

3 826

24,068
8,018

48, 266
9,813

17
166
74, 746
8,503

87, 519
13, 702

60, 337
10, 303

18
170
60,623
5, 734

33, 489
8,572

29, 752
8,860

19
176
25, 891
7,466

18, 126
7,685

27, 078
8 978

15, 777
6,708
6,819
2,250

21, 665
8,240
9,741
3,684

19, 777
7,049
9,669
3,060

18, 292
7,120
8,017
3,154

20, 624
7,853
9,243
3,528

14, 958
5,739
6,018
3,201

19, 884
7,516
8,619
3,749

18, 553
7 253
7,826
3 473

17,912
6, 705
7,729
3,478

18, 048
6 898
7,852
3 298

18, 892
7 328
8 456
3' 109

2,444
29, 739
421, 758

3,499
35, 601
533, 739

2,773
30, 800
490, 938

3,416
37, 477
590, 616

3, 708
33, 994
554, 341

3, 508
23, 847
367, 906

4,141
37, 598
494, 556

2,974
29 308
446 560

3,107
29 878
478 101

2,889
31 774
491 964

3 348
32 920
496* 512

15,806
1,140

21, 551
1,704

19,486
1,443

14, 374
1,208

24, 005
1,742

14, 353
1,443

19, 450
1, 517

18,490
1,215

16, 759
1,566

18, 076
•941

18, 331
1 492

18,443

r

' 3. 555

' 3. 555

r 3. 555

' 3. 555

r

' 3. 555

' 3. 555

' 3. 555

r 3. 555

' 3.555

3.555

3. 555

3. 555

19
179

35 595
496 450

LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skinsf
thous. of lb_Calf and kip skins
thous. of pieces ._
Cattle hidesj...
___do
Goatskinst
_
do
Sheep and lamb skins
do
Prices, wholesale (Chicago) :
Calfskins, packer, heavy, 9H/15 lbs.*___dol. per lb__
Hides, steer, heavy, native, over 53 lbs.*_..do

23, 864
195
325
2,755

30, 707
136
416
2,819
2,632

25, 953
78
187
1,931
5,753

21,212
105
202
1,814
2,358

13, 057
78
158
1 821
925

11,426
110
116
1 864
1,133

12, 972
81
186
2 367
668

10, 717
26
109
1 622
880

10, 388
27
74
1 770
1,998

16,447
169
128
1 812
3 228

12, 771
127
239
2 015
1 565

. __

1,949

30, 220
355
437
3,137
1,423

.800
.330

.650
.330

.557
.308

.486
.323

.475
.310

.399
.216

.379
.188

.400
.140

.375
.133

.325
.128

.275
.103

.388
.143

.388
.148

805
1 862
2 513
2 279

732
1 753
2 430
2*081

792

r 2 440
2 102

703
1 884
2 332
2 291

27
113
1 925

60
76
2 482

16
49
2 587

10
20
2 436

.842

.835

.806

LEATHER
Production^
Calf and kip
thous. of skins
571
457
605
557
490
567
601
717
Cattle hide..
thous. of hides__
1,880
1,535
1,886
1,861
1,646
1,750
1 555
1 880
Goat and kid
thous. of skins
2,629
2,045
2,475
2 019
1 842
1 847
2 066
2 614
1,476
Sheep and lamb
._
do ..
1,473
2, 137
1,872
1,672
2, 159
1 881
2 047
Exports:
Sole leather:
32
Bends, backs, and sides
thous. of lb__
83
7
18
3
18
17
8
7
48
Offal, including belting offal
do
86
10
17
89
82
43
Upper leather.
thous. of sq. ft
1,577
2,312
1,833
1 118
1 706
2 621
2 321
1 549
Prices, wholesale:
.880
Sole, bends, heavy, f. o. b. tannery*. _. dol. per lb_.
.856
.776
.776
.700
.660
.630
.600
Chrome calf, black, B and C grades, f. o. b. tan1.150
1.022
nery*
_'
dol. per sq. ft__
.955
.955
.906
.808
.807
.787
2
' Revised.
1 December 1 estimate.
July 1 estimate.
» Specification changed; earlier data not strictly comparable.
° Prices published for February-May 1951 should read $3.555.
*New series. Compiled by U. S. Department of Labor, Bureau of Labor Statistics; data prior to February 1951 will be shown later.
tRevisions for 1950 are shown in corresponding note in the October 1951 issue of the SURVEY.
tRevisions for January-March 1951, respectively: Calf and kip (thous. of skins)—867; 919; 902; cattle hide (thous. of hides)—2,297; 2,200;
3,442; sheep and lamb (thous. of skins)—2,834; 2,700; 2,494.
/ » , , ,




r 1 782

3

. 525

2.842

.848

2,220; goat and kid (thous. of skins)—3 509- 3 202:
. ,s
, , , ,

SUKVEY OF CURRENT BUSINESS

August 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

S-31
1952

1951

July

June

August

September

October

November

December

January

February

1

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 uppers:d"
All leather
do__
Part leather and nonleather.
do _ _
By kinds:
Men's
do
Women's
do
TvTisses' and children's
do
Infants' a n d babies'- _ _ _ _ _ _ _ d o . . .
Slipners for housewear
_ do _ _
Athletic
do
Other footwear
do
Fx ports §
do
Prices, wholesale, f. o. b. factory:*
Men's and boys' oxfords, dress, rattle hide
upper, Goodyear welt
do!, per pair__
Women's oxfords (nurses'), side upper, GoodYear welt
dol per pair
Women's and misses' pumps suede split do

37, 578

32,530

43, 234

36, 130

38, 783

34 884

32 227

41 306

42 518

43 967

43 082

41 436

33, 429

28,465

37, 532

30, 844

32, 822

29 462

28 794

38 290

39 133

40 142

38 879

37, 248

28, 905
3,877

25, 020
2,909

32, 796
3,839

26, 862
3,105

29, 450
3,372

26 262
3, 200

25 511
3, 283

33, 694
4,596

34 081
5 052

34 408
5,734

32 658
6,221

31, 536
5,712

9. 245

6,898
1 132
15, 057
3 366
2,012
3 609

9 156
1 468
19' 862
4 480
2, 566
5, 091

7,969
1 °58
15 580
3 800
2, 237
4,660

8 755
1 319
15 713
4 321
2,714
5,395

7 739
1 097
13 711
4 290
2, 625
4 930

7 023
1 068
13 740
4 356
2, 607
3,032

8 577
1 °63
19 676
5 623
3 151
2 511
2] 6

8 541
1 371
20' 365
5 667
3,189
2 851

8 531
1 374
21 191

8 613
1 369
20 363
5' 292
3 242
3, 647

8 462
1 492
18 973
5 168
3, 153
3, 626

289
219

233
301
321

1 984
15,844
4 365
2, 691
3,612
21]
326

3,261
3 277

9/<7

152
304
197

5. 550

5.467

i 5. 760

5.760

5.623

5. 586

5. 523

5.523

5.523

5. 523

5. 311

5. 126

5. 126

5 037
3. 967

5 037
3. 967

5 037
3 933

5 037
3 933

4 836
3 933

4 711
3 933

4 678
3 8PO

4 678
3 801

4 gfii
3 767

4 861

4 678

4 646

4 646
3. 700

45 777
142 814

92 918
168 582

69 868
203 218

75 651
190 425

68, 990
209, 112

198
413
289

189
437
283

205
361
229

180
312
359

176
225
302

223
325
400

216
340
386

209
353
352

LUMBER AND MANUFACTURES
LUMBER— ALL TYPES
Exports total sawmill products
M bd ft
Imports, total sawmill products
do
National Lumber Manufacturers Association:
Production, total
mil. bd. ft
Hardwoods
_ _ _
_ - _ _ _ _ _ do_ _ _
Softwoods
do
Shipments, total
_ do .
Hardwoods
do
Softwoods
_ _ _ _ _ - _ do_-_
Stocks, gross (mill and concentration yards), end
of month total
mil. bd ft
Hardwoods
do
Softwoods
do
SOFTWOODS
Douglas fir:
Orders new
_ - do
Orders unfilled, end of month
. __ do__
Production
_
_
do
Shipments
do
Stocks, gross, mill, end of month
do
Exports, total sawmill products
M bd. f t _ _
Sawed timber
_
do
Boards planks, scantlings etc
_
do
Prices, wholesale:
Dimension, No. 1 common, 2" x 4", R. L.
dol. per M bd. f t _ _
Flooring, B and better, F. G., 1" x 4", R. L.
dol. perM bd. ft..
Southern pine:
Orders new
mil. bd ft
Orders, unfilled, end of month
_ _ do
Production
do
Shipments
_ _ _
do
Stocks, gross (mill and concentration yards), end
of month
mil. bd. ft
Exports, total sawmill products -_ _ _ M bd. f t _ _
Pawed timber
- do
Boards planks scantlings etc
do
Prices, wholesale, composite:
Boards, No. 2 and better, 1" x 6" x R. L.*
dol. per M bd. ft..
Flooring, B and better, F. G., 1" x 4" x S/L*
dol. perM bd. ft..
Western pine:
Orders, new
mil. bd ft
Orders, unfilled, end of month
do
Production
do
Shipments _
_. _ _ _
do_
Stocks, gross, mill, end of month
do
Price, wholesale, Ponderosa, boards, No. 3 common, 1" x 8"
dol. per M bd. ft

2

93,155
204, 938

96, 239
221, 873

102 367
220, 111

76 745
206, 518

106 072
232 368

81 223
213 655

80 413
160 885

3, 660
837
2, 823
3,171
632
2,539

3,147
767
2, 380
2,741
572
2,169

3,584
767
2,817
3,231
594
2,637

3.200
746
2,454
2,937
574
2,363

3 514
741
2 773
3, 412
655
2, 757

3 210
686
2,524
3,163
690
2,473

2 632
645
1,987
2, 541
600
1,941

2 797
611
2 186
3, 021
619
2, 402

2 870
675
2 195
2 950
681
2,269

3 031
7°2
2 309
3 024
696
2 328

3,197
660
2,537
3, 251
660
2, 591

3, 064
651
2, 413
3, 031
651
2,380

3,193
662
2,531
3, 031
602
2,429

7,111
2, 526
4,585

7,543
2,720
4,823

7,870
2 893
4,977

8,132
3 065
5,067

8 193
3 152
5' 041

8 240
3 148
5 092

8 364
3 193
5 171

8 311
3 186
5 125

8 232
3 180
5 052

8 211
3 179
5 032

8 123
3 179
4 944

8,151
3 179
4 972

8 313
3 239
5 074

742
704
954
882
717
48, 761
12,010
36, 751

737
644
708
656
795
38, 259
11,744
26, 515

867
509
987
926
830
53, 980
12,453
41, 527

835
514
860
830
861
38, 438
7,421
31,017

923
374
981
965
836
47, 677
20, 823
26, 854

764
245
898
892
841
43, 714
21,143
22 600

754
904
717
668
924
43, 652
14, 856
28, 796

752
1 065
799
918
971
15, 250
9,110
6, 140

814
1 001
830
833
968
55, 541
17, 657
37, 884

806
961
860
835
993
37, 254
9,292
27, 962

906
904
919
949
903
43, 300
19,090
24, 210

727
848
746
771
878
32, 496
10, 498
21, 998

775
828
829
784
923

82. 268

82. 068

81. 935

82. 212

82. 648

81.741

81. 368

81. 508

82. 467

82. 887

85. 239

84. 840

84. 840

132. 700

131. 998

130. 230

129. 842

129. 842

128.617

128. 209

126. 575

126. 575

125. 432

125. 759

124. 942

122.868

605
299
695
637

619
286
677
632

742
329
707
699

697
370
622
656

808
381
728
797

639
337
695
683

553
310
626
580

748
312
791
746

712
327
707
697

700
318
688
709

744
300
758
762

749
296
780
753

752
334
699
714

1,568
9,009
2,589
6,420

1,613
20, 652
3,791
16,861

1,621
11, 929
2,677
9,252

1,587
14, 292
2,336
11, 956

1,518
16,996
3,522
13, 474

1,530
9,505
2,714
6, 791

1,576
11. 665
3,725
7,940

1,621
8,878
1,390
7 488

1,631
11, 975
2, 595
9,380

1, 610
10, 278
2,400
7,878

1,606
10, 276
1, 364
8,912

1, 633
11,025
5,673
5, 352

1,618

78. 814

78.411

78. 625

78.915

79. 735

80. 612

80. 797

80. 642

80.196

79. 765

79. 676

79. 662

78.815

155.061

155.061

155. 061

155.061

155.061

155.061

155.061

155.061

155. 061

155.061

155. 061

155. 061

155. 406

763
754
847
723
1,551

724
734
741
644
1,648

749
701
801
716
1,733

700
714
684
614
1,803

747
745
744
690
1,857

635
714
641
619
1,879

530
716
419
478
1,820

552
684
355
485
1,690

490
472
390
471
1,609

498
465
481
505
1,585

608
602
564
579
1, 594

609
501
592
571
1,615

680
548
698
633
1,680

85.73

84.13

81.68

78.97

78.85

78.17

78.74

78.58

79.22

80.39

82.10

82. 28

83. 51

r
194, 170 ' 283, 888 - 243, 039 r 269, 140 r 187, 341 ' 176, 257 244,011
Production O
thous. ofsq. ft., %" equivalent-- r 281, 204
' r281, 644 ' 178, 338 ' 271, 248 f r235, 705 r 257,872 rr 189, 508 ' 195, 384 238, 911
Shipments O
do
98, 984 ' 110, 150
108, 524 ' 88, 454 92, 577
65, 428 • 79,918 ' 92, 191
Stocks end of month O
do

253, 003
260,815
85, 003

269, 857
269, 732
85, 350

282, 864
282, 070
85, 800

231, 160
230, 155
r 86, 033

264, 049
266, 957
80,626

r

SOFTWOOD PLYWOOD
r
r

HARDWOOD FLOORING
Maple, beech, and birch:
3, 550
3, 550
3,150
3,175
3,675
3,350
4,800
3,600
3, 575
4, 550
Orders, new
.
M bd. ft.
4.300
3, 700
2, 850
12,250
10, 700
12, 300
16,975
14,500
13, 050
11,700
15, 650
12,950
17. 350
10,200
13, 500
9, 600
Orders unfilled end of month
do
4,150
4 350
4 300
3,750
4, 050
4,800
4 500
5 450
3,900
5 550
4 750
3 650
Production
do
3 400
4,250
3,550
3, 350
4,000
4,100
3, 600
3, 750
5. 300
3,800
5,200
3, 650
4,350
3 550
Shipments
- do
8,050
7,575
5,850
6,500
8,600
9, 475
9, 575
5,600
7,300
8,250
5,675
6,900
9,400
Stocks, mill, end of month. _
do
r
2
Revised.
1 Specification changed; earlier data not strictly comparable.
Data beginning January 1952 have been adjusted to conform to the 1952 revision of the export schedule.
t Revisions for January-October 1950 are available upon request.
cf'The figures include a comparatively small number of "other footwear" which is not shown separately from shoes, sandals, etc., in the distribution by types of uppers; there are further
small differences between the sum of the figures and the totals for shoes, sandals, and play shoes, because the latter, and also the distribution by kinds, include small revisions not available by
types of uppers.
§ Excludes "special category" items.
G Revisions for January-May 1951 are as follows (units as above): Production—272,40P; 252,484; 283,540; 265,856; 285,445; shipments—261.047;
244,159; 287,380; 265,792; 277,463; stocks—58,722; 66,018; 61,913; 59,690; 65,826.
*New series.
Data are compiled by the U. 8. Department of Labor, Bureau of Labor Statistics: monthly data prior to March 1951 (February 1951 for softwoods) will be shown later.




SURVEY OF CUEEENT BUSINESS

S-32
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

August 1952
1952

1951

July

June

August

September

October

November

December

January

February

March

April

May

June

LUMBER AND MANUFACTURES—Continued
HARDWOOD FLOORING— Continued
Oak:
Orders new
Orders unfilled end of month
Production
Shipments
Stocks mill, end of month

M bd ft
do
- do _ _do
do _ _ _

51, 757
53, 093
81, 269
71, 488
61, 728

65, 721
54, 740
71, 301
69, 053
63, 976

83,288
57, 246
83, 699
80, 782
64, 635

84, 032
65, 778
74, 297
75, 500
63, 432

83, 335
66, 613
86, 628
85, 372
64,688

57,156
54, 985
81,035
73, 263
72, 460

49, 607
53, 002
64, 181
54, 554
82, 087

77 919
56, 995
78, 657
73, 926
86, 818

87 840
67, 795
73,094
77, 040
82, 872

80 919
76, 931
75,660
77, 366
81, 168

89 018
79, 142
82, 922
84 643
77, 817

84, 306
78, 777
84, 953
84, 671
77, 257

529, 360
29, 928
99, 315
7,635

64 926
69, 938
79, 701
77 844
77, 096

METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.):
Exports total
short tons
Scrap O
do
Imports total
do
Scrap
do

280, 662
14, 456
292, 784
14, 102

287, 245
21, 829
315, 358
28, 993

305, 892
22, 213
279, 818
26, 074

349, 615
25, 455
255, 268
17,116

296, 081
20, 651
248, 186
17,417

344, 232
21, 533
219, 559
24, 630

416,700
19, 115
257, 307
22, 013

402, 242
21,992
235, 157
15, 169

407, 051
16, 247
181, 746
9,285

501, 977
17,074
148, 562
12,115

483 074
21, 200
119 661
13, 441

6,377
3,187
3,190
4,112
1,170
2,941

5,934
3, 043
2,892
4,199
1,171
3,028

6,288
3,240
3,048
4,427
1,212
3,215

6,023
3,127
2,896
4,437
1,215
3,222

6, 574
3,409
3,165
4,492
1,255
3,237

6, 268
3,244
3,024
4,422
1,240
3,183

6,141
3,166
2,975
4,366
1,199
3,168

6,549
3,426
3,123
4,356
1,166
3.190

6,241
3,215
3,026
4,697
1,153
3,544

6,611
3 407
3,204
5 072
1,178
3,894

6,004
3 027
2,977
5,473
1,236
4,238

14, 932
15, 783
8,277

15,103
16, 251
7,129

15,832
16, 448
6,515

14,764
14,900
6,381

13,900
14, 623
5,639

7,052
7,500
5,182

3,682
3,132
5,794

3,704
2,108
7,404

3,605
2,160
8,849

3,714
2,341
10, 236

9,073
8,655
10, 629

13, 166
7,499
26, 423
23, 731
2,692
1,235

13, 574
7,556
33,142
29, 299
3,843
1,083

13, 229
7,699
39, 920
35, 057
4,863
1,049

12, 672
7,473
45,453
39,504
5,950
848

11,089
7,749
50,229
43, 425
6,804
1,105

5,695
7,624
49, 099
42, 258
6,841

791
7,639
43, 711
37,315
6,396 ,

0
7,229
29,207
24, 693
4,514
624

0

8,022
21, 451
18, 082
3,369

6,532
6, 616
19, 592
16, 487
3,105

12, 497

656

0
7,527
35,927
30, 369
5, 558
659

687

699

85

52

69

71

68

79

65

78

70

73

86

63

2, 162
1,309

2,145
1,219

2,055
1,115
626

1,934
1,184

698

1,983
1,302

733

674

1,847
1, 033

1,801
1,199

1,766
1,155

743

2,208
1,029
568

1,711
1,172

1 614
1,205

1,459
1,101

258,144
94,376
57,176

263, 017
76, 826
45, 072

249, 273
90, 727
57, 164

244, 575
82, 276
48, 568

238,019
93, 884
58, 251

220, 740
88, 210
53, 682

215, 134
76, 045
45, 543

202, 799
87, 003
54, 988

193, 061
82, 898
50.129

196, 896
80,960
49, 084

198, 215
89, 270
56,337

180, 382
81, 770
51, 476

5,978
5,989

6,070
5,955

6, 063
6,001

5,890
5,898

6,197
6,274

5,911
5, 922

5,977
5, 916

6,040
6, 106

5, 785
5,756

6,300
6,219

5, 225
5,280

1,633

1,771

1,819

1,818

1,844

1,811

1,751

1, 761

1,764

1,789

1,715

53. 61
52.00
52. 50

53.61
52.00
52.50

53.62
52. 00
52. 50

53.67
52.00
52.50

53. 67
52. 00
52.50

53. 67
52.00
52. 50

53.67
52. 00
52.50

53. 67
52. 00
52. 50

53. 67
52. 00
52. 50

53. 67
52.00
52. 50

53. 67
52.00
52.50

53. 80
52. 00
52. ,50

160. 695
116, 658
34, 693

189,929
139,953
39, 290

176,728
131,276
34, 524

165,110
123,448
32, 733

183,738
139, 488
36, 650

174,626
133, 602
31,317

173, 694
131,997
32,118

1 75, 075
134, 325
33, 549

173. 635
132. 129
35, 227

1,418,515 1,426,645 1.446,118 1,410,646
176,342
149,736
165, 023
191,483
119,047
130.675
109,014
97, 326
57, 295
60. 808
56, 009
52, 410

1,471,620
190, 774
129, 761
61,013

1,464,255
187, 487
125,042
62, 445
8, 657
101

9,404
102

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:
M^ine 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)

740

674

2,487

Pig Iron and Iron Manufactures
Castings, gray iron:§
Orders unfilled for sale
thous of short tons
Shipments total
do
For sale
do
Castings, malleable iron:§
Orders unfilled for sale
short tons
Shipments total
do
For sale
- do
Pig iron:
Production
thous of short tons
Consumption§
do
Stocks (consumers' and suppliers') , end of month §
Prices, wholesale:
Composite
dol. per long ton
Basic (furnace) _
do
Foundry, No. 2, f. o. b. Neville Island
do.

583

694

655

661

620

653

53. 81
52.00
52.50

Steel, Crude and Semimanufactures
Steel castings:
177,096
147, 251
184,424
Shipments, total..
short tons
128, 981
100,141
131,219
For sale, total
do
41,162
27, 235
41,605
Railway specialties
do
Steel forgings:^
1,263,657 1,361,005 1, 435, 893
Orders unfilled, total
do
147,319
157,973
170,371
Shipments for sale total
do
95, 275
103, 962
110, 979
Drop and upset
do
54, Oil
52, 044
59, 392
Press and open hammer
do
Steel inecots and steel for castings:
8,684
8,739
8,662
Production
thous. of short tons..
99
98
101
Percent of capacity J
Prices, wholesale:
.0471
.0471
.0471
Composite, finished steel
dol. per l b _ _
Steel billets, rerolling (producing point) cf
56.00
56.00
56.00
dol. per net ton__
.0400
.0400
.0400
Structural steel (producing point)
dol. per l b _ _
Steel scrap, heavy melting (Pittsburgh)
45.00
45.00
45.00
dol. per long ton_.

1,359,752 1,r 349, 288 1, 318, 889
155, 840
176, 441
168, 286
114.271
127, 768 r 125, 736
41, 569
42, 550
48, 673
r

8,660
101

9,122
103

8,799
103

8,891
101

9,136
99

.0471

.0471

.0471

.0471

.0471

.0471

.0471

.0471

.0471

.0471

56.00
.0400

56.00
.0400

56.00
.0400

56.00
. 0400

56.00
.0400

56.00
.0400

56.00
.0400

56.00
.0400

56.00
.0400

56.00
.0400

45.00

44.75

44.00

44.00

44.00

44. 00

44.00

44.00

44.00

44.00

7,737
2,008
58

7,484
2,207
51

7, 052
2,117

6, 386
1,654

7,991
90

8,r201
89

1,639
18

Steel, Manufactured Products
Barrels and drums, steel, heavy types:
7,294
7,570
7,830
8, 126
8,036
8,535
10, 066
9,076
10, 735
Orders unfilled, end of month
thousands
2,147
2, 176
2,085
1,961
2,511
2,322
2,366
2,632
2,781
Shipments
do _
32
66
31
59
24
26
28
31
31
Stocks, end of month
do
r
Revised.
©Data beginning 1951 have been adjusted in accordance with the revised export schedule to exclude exports of tinplate, circles, strips, etc.

48

all forgings produced.
27

^
\
^
J
«
M
*
of January 1, 1952, of 108,587,670 tons of steel; 1951 data are based on capacity as of January ,, .95!, of 104,229,650 tons,
tf Revised beginning in the April 1952 SURVEY to represent quotations per net ton.




35

SUEVEY OF CURRENT BUSINESS

August 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

S-33

1951
June

July

August

September

1952
October

November

December

January

February

March

266, 920 * 287, 223
157, 279 ' 173, 414
109, 641 ' 113, 809
228 841 r 240, 976
1,104
962
27, 774
25 357

April

May

June

METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Steel, Manufactured Products—Continued
Cans, metal, shipments (in terms of steel consumed) ,
309, 519
total
short tons
218, 952
Food
do
90, 567
Nonfood
do
267, 233
Shipments for sale
do
1,313
Commercial closures, production
millions
28, 461
Crowns production
thousand gross
Steel products, net shipments:
6,646
Total
thous of short tons
734
Bars hot rolled— Carbon and alloy
do
152
Reinforcing
do
292
Semimanufactures
do
770
Pipe and tubes
do
685
Plates
do
161
Rails
.
.
do . .
1,739
Sheets
do
180
Stnp — Cold rolled
' do
173
Hot rolled
do
409
Structural shapes heavy
do
425
Tin plate and terneplate
do
493
Wire and wire products
do

356, 357
263, 719
92, 638
318, 391
1,068
26, 861

483, 188
367, 257
115,931
428, 044
1,118
33, 638

417, 378
306, 610
110, 768
371, 686
927
24, 692

374, 200
254, 635
119, 565
333,018
1,026
24, 625

263, 468
156 035
107, 433
229 422
820
19 900

235, 107
140 325
94, 782
203 902
774
16 903

234, 372
143 997
90, 375
195 980
976
22 717

235, 648
144, 439
91, 209
199, 445
896
24, 316

5,989
689
151
303
681
653
146
1,617
128
146
397
347
345

6,756
744
184
322
785
691
165
1,719
191
185
407
430
492

6,207
712
160
314
719
657
139
1,548
162
185
386
358
456

6,844
785
170
315
809
684
165
1,716
184
199
442
394
505

6,509
778
155
283
784
666
136
1,693
165
184
421
327
479

6,411
748
162
313
777
708
146
1,590
154
180
409
352
441

6,589
797
168
285
811
707
156
1,644
180
186
427
298
477

6,358
757
158
268
795
711
138
1,534
158
171
437
359
448

6 890
801
193
317
872
784
162
1,609
156
170
431
478
465

5,922
693
144
292
718
658
128
1,434
143
143
354
398
422

67, 454
272, 903

72, 698
284, 318

73, 816
251, 283

69, 429
211, 953

72, 647
275, 407

72, 246
229, 563

72, 454
203, 624

76, 934
325, 071

72, 374
212, 481

77, 069
311, 137

76, 880
209, 286

80, 803
248, 033

77, 476

277, 629
175, 158
102, 471
238, 978
1,071
30, 241

NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary
short tons
Imports bauxite
long tons
Price, wholesale, scrap castings (N. Y.)
dol. perlb__
Aluminum fabricated products, shipments,
totaled
mil. of Ibs
Castings
do
"Wrought products totaled
do
Plate sheet and strip
do
Brass sheets, wholesale price, mill
dol. perlb__
Copper:
Production:
Mine production, recoverable copper
short tons_.
Crude (mine or smelter, including custom intake)
. short tons .
Refined
do
Deliveries, refined, domestic
_ _.. do
Stocks, refined, end of month
_ _
do _
Exports refined and manufactured
do
Imports, total
___ _
_ do _ _ .
Unrefined, including scrap
do _
Refined
__
do
Price, wholesale, electrolytic (N. Y.)-_dol. per lbLead:
Ore (lead content) :
Mine production.
___
short tons.
Receipts by smelters, domestic ore
do
Refined (primary refineries) :
Production
do
Shipments (domestic) _ _ _
do
Stocks, end of month
do
Price, wholesale, pig, desilverized (N. Y.)
dol. 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.)
dol. perfb..
Zinc:
Mine production of recoverable zinc
short tons _ _
Slab zinc:
Production
do
Shipments, total
_ do
Domestic
do
Stocks, end of month
do
Price, wholesale, prime Western (St. Louis)
dol. per lb__
Imports, total (zinc content)
short tons
For smelting, refining, and export
do
For domestic consumption:
Ore (zinc content) - do
Blocks, pigs, etc
do

.1725

.0775

.0775

.0775

.0775

. 0775

. 0775

.0775

.0775

.0775

.0775

. 0768

. 0725

182.3
36.0
146.4
88.6
.373

159.8
27.4
132.4
82.7
.373

187.6
35.5
152.0
91.5
.375

161.7
32.5
129.2
77.5
.383

179.4
35.2
144.1
82.5
.383

171. 5
32.4
139 2
78.8
.383

175. 2
40.9
134 3
75.5
.383

193.8
44.6
149.1
81.3
.383

191.3
45.0
146.3
78.7
.383

200.1
46.4
153 6
82.9
.383

209.7
49.8
159.9
85.1
.383

205. 5
47.8
157.8
86.5
.383

.383

75, 847

75, 407

67, 939

68, 989

81,014

77, 294

79, 167

77, 691

72, 564

78, 851

80, 332

' 81, 996

73, 193

87, 103
105, 127
114,103
60, 912
13, 162
48, 624
30, 602
18, 020
.2420

82, 577
93, 258
101, 095
68, 045
13, 535
46, 606
32, 391
14, 215
.2420

73, 324
79,613
104, 938
70, 937
6,714
58, 969
35, 935
23, 034
.2420

74, 165
74, 354
121, 879
62, 093
4,971
46, 566
27, 551
19, 015
.2420

87, 896
104, 148
125, 286
78, 192
9,864
42, 943
18, 164
24, 779
.2420

82, 617
103, 614
123,646
68, 160
16, 488
39, 694
13,131
26, 563
.2420

86, 680
98, 532
119, 577
71, 528
16,599
36, 023
19. 231
16,792
.2420

83, 192
100, 269
130, 430
60, 836
1
10, 598
49, 583
16, 677
32 906
.2420

80, 876
95, 979
104, 795
59,747
12, 842
41, 049
27, 469
13, 580
.2420

87, 110
94, 563
112, 625
58, 487
15, 303
48, 272
25, 928
22, 344
.2420

89, 479
98, 402
107, 355
61, 223
19, 494
42, 948
23, 354
19, 594
.2420

' 92, 946
97, 593
105, 362
55, 351
20, 252
37, 172
14, 342
22, 830
.2420

79,588
92, 151
98, 416
70, 856

32, 312
32, 244

30, 194
29, 920

29, 686
29, 280

27, 620
27, 755

33, 110
31, 806

32, 326
28, 775

33, 499
27, 273

34, 381
28, 501

34, 337
40, 148

33, 662
41, 251

34, 363
35, 762

' 33, 767
36, 149

32, 014
32, 962

39, 952
40, 041
33, 308

44, 864
44, 404
33, 504

31, 756
40, 252
24, 997

30, 474
31, 654
23, 640

34, 273
31, 164
26, 742

36, 234
37, 084
25, 871

36, 754
37, 274
25, 339

43, 746
40, 390
28, 578

44, 133
41,291
31, 297

48, 943
39, 161
41, 040

39, 329
38, 225
41, 820

45, 546
28, 591
58, 775

38, 987
39, 563
58, 190

1.526

.2420

.1700

.1700

.1700

.1700

.1900

.1900

.1900

.1900

.1900

.1900

.1892

.1573

18, 397

11, 728

26, 950

13,658

20, 707

20, 009

25, 756

15, 397

42, 460

81, 496

57, 760

73, 435

2,994
5, 093
32,091
18, 105
13,917

2,701
4,719
30, 523
17, 612
12, 749

2,797
5,175
27, 802
15, 500
12, 236

2,414
4,947
25, 392
13, 567
11, 790

2, 353
5,014
22, 905
11, 292
11, 508

2,055
4,595
20, 358
8, 308
11, 909

1,972
4, 397
17, 843
6,753
11,018

1,984
4,879
14, 751
4,525
10, 125

1,990
4,524
13, 297
3,617
9,567

2,022
4,489
18, 242
9,004
9,119

1,989
3,919
26, 172
15, 458
10, 645

1,952

2,924
1,868
1. 1805

2,663
2,321
1.0600

2,430
1,172
1. 0300

591
1,865
1. 0300

4,545
1,969
1.0300

643
1,188
1. 0300

1,820
1,591
1. 0300

144
1,005
1. 0973

1,472
598
1. 2150

821
7 752
1. 2150

732
10, 894
1.2150

56, 546

53, 126

54, 364

50, 118

60, 546

57, 195

57, 269

59, 523

59, 098

61, 292

60, 443

' 63, 017

58, 817

77, 679
79, 299
74, 149
15, 791

78, 955
83, 346
76, 461
11, 400

74, 035
74, 191
65, 696
11, 244

70, 623
64, 632
58, 436
17, 235

79, 432
73, 583
68, 365
23, 084

79, 376
77, 419
70, 084
25, 041

81, 769
84, 909
73, 694
21, 901

83, 205
78, 403
75, 039
26, 703

77, 296
77, 448
70, 928
26, 551

85, 028
85, 575
80, 121
26, 004

83,011
85, 592
73, 818
23, 423

r
r

83, 797
74, 076
64, 457
33, 144

77, 463
47, 265
36, 894
63 342

.1750
42, 735
2,878

.1750
34, 366
3,057

.1750
32, 841
4,098

.1750
19, 856
2,246

.1950
17, 556
2,309

.1950
21,537
5,411

.1950
24, 061
6,473

.1950
18, 739
2,306

.1950
49, 225
4,996

.1950
123, 605
6,821

.1950
122, 483
7,993

. 1950
104, 640
5,047

.1574

31, 624
8, 233

23,726
7,583

23, 539
5,204

12, 404
5,206

7,233
8,014

9,134
6,992

9,863
7,725

11, 769
4,664

38, 980
5,249

108, 280
8,504

106, 925
7,565

92, 716
6,877

22, 741
934
7,418
1.2150

r

1. 2150

HEATING APPARATUS, EXCEPT
ELECTRIC
Boilers, radiators and convectors, cast iron:
Boilers (round and square) :
12, 770
9,161
11, 461
18, 748
9,480
10, 211
11, 168
19, 335
31, 080
22, 129
11,318
Shipments
__
-thous. of lb._
82, 630
86, 777
87, 101
87, 814
69, 677
68, 584
71, 374
87, 007
81, 800
77, 267
73, 039
Stocks, end of month
do
Radiation:
4,056
3,564
2,284
2,220
1,760
2,074
2,470
4,798
2,226
3,512
2,784
Shipments
thous. of sq. ft
9,024
8,690
8,699
8.702
7,784
7,860
9,420
10. 010
7.572
Stocks, end of month
do
8,893
8.382
r
l
Revised.
Data beginning 1952 are in accordance with the revised export schedule and include certain primary forms of copper manufactures formerly excluded;
exports amounted to about $1.5 million in January-September 1951.
cf See note in June 1951 SURVEY regarding additional reporting companies beginning February 1951.
§ Government stocks represent those available for industrial use; total stocks include small amount not distributed.




13, 346
90, 225

2,145
9,665

the value of such

SURVEY OF CURRENT BUSINESS

S-34
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

August 1952
1952

1951

July

June

August

September

October

November

December

January February

March

April

May

June

METALS AND MANUFACTURES—Continued
HEATING APPARATUS— Continued
Boilers range shipments
number
Oil burners:
Orders unfilled end of month
do
Shipments
do _ _
Stocks end of month
do
Stoves and ranges, domestic cooking, excl. electric:
Shipments total
number
Coal and wood
do
Gas (incl bungalow and combination) do
Kerosene gasoline and fuel oil
do
Stoves domestic heating, shipments, total
do
Coal and wood
-do _
Gas
do
Kerosene gasoline and fuel oil
do
Warm-air furnaces (forced-air and gravity-air flow),
shipments, total
number
Gas
do
Oil
do
Solid fuel
do
^Vater heaters nonelectric shipments
do

43, 174

28, 467

31,113

29, 819

30, 543

32, 370

26, 485

31, 193

28,245

22, 202

23,446

22,850

48, 487
47, 219
91, 674

53, 854
44, 503
94, 365

48, 433
63, 578
89, 038

48, 633
75, 421
83, 815

44, 987
92, 698
71, 476

35, 843
63, 705
71,886

38, 033
39, 830
76, 102

40, 256
45, 748
77, 518

36, 789
37, 792
80, 775

39, 163
40, 038
81, 408

36, 284
' 45, 805
80, 183

41, 707
51, 471
74, 183

147, 757
9,201
129, 107
9,449

131, 695
6,313
116,952
8,430

187, 677
10,028
169, 224
8,425

206, 276
11, 741
184, 815
9,720

236, 588
11, 330
212, 168
13, 090

216, 048
11, 549
193, 123
11,376

168,114
9,470
150,777
7, 867

184, 275
9,501
166, 669
8,105

187, 505
9, 589
166, 687
11, 229

204, 657
8,625
185, 751
10,281

199,605
7,475
182, 942
9,188

179, 496
6,2<^7
163, 446
9,783

286, 533
69, 997
141,063
75, 473

350, 491
77, 824
158, 146
114, 521

451,971
130,600
168,005
153, 366

454, 222
136, 644
177, 108
140, 470

575, 615
179, 021
241, 322
155, 272

452, 579
124, 696
200, 348
127, 535

181,159
46, 528
78, 747
55, 884

145, 268
22, 761
63, 696
58,811

144, 462
19, 318
60, 843
64, 301

154, 434
25, 450
64, 120
64, 864

147, 435
25, 381
62, 014
60, 040

172, 303
35, 676
76, 324
60, 303

61,910
28, 232
22, 114
11, 564
163, 220

55, 045
23, 500
21, 783
9,762
127, 046

77, 192
29, 780
30, 630
16,782
153, 809

87,412
33, 329
37, 290
16, 793
160, 433

105, 689
40, 780
44, 32f>
20, 583
181, 623

83, 667
36, 953
34, 766
11,948
173 056

55, 281
26, 771
22, 565
5,945
146, 203

50, 002
24, 306
20, 498
5,198
171, 337

48, 529
24, 017
19,309
5,203
167, 335

51,277
25, 797
20, 848
4,632
172, 320

50, 933
27,029
19, 695
4, 209
176,609

58, 732
32, 239
20,583
5,910
181, 389

T

MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly:
Blowers and fans new orders
thous of dol
TJnit 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
....
numberClasses 4 and 5:
Number
_Horsepower
Pumps, steam, power, centrifugal and rotary, new
orders
thous. of dol_.

32, 272
13 572

38, 069
14 583

30 828
16 430

30 167
13 449

393.2

390.3

404.5

346.5

372.4

305.5

230.5

404.5

200.4

310.0

385. 1

225.2

353.8

3,370
6,279

5,587
5,284

3,891
4,850

3,250
1,821

3,172
6,374

2,882
2,519

2,100
2,873

2,856
3,379

1,363
2,418

2,100
1, 809

2,298
3,613

3,713
3,037

1,552
2,968

558.8
182.8

490.6
144.7

488.9
178.9

380.2
189.8

403.9
221.3

330. 5
226.0

376.5
264.7

347.8
266. 6

318.8
279.6

324.3
299.5

293.5
307.9

r

284. 6
' 323. 0

*> 351.0
p 336. 5

1,327

1,391

2,825

3,001

3,189

1,998

1,095

1,327

1,145

966

1,059

' 1, 157

1,725

191

238

239

289

152

115

161

115

131

'143
44, 329

33, 302

6,140

7,957

1, 137

1,534

234
78, 390

52, 155

61, 785

60, 984

60, 610

35, 707

21 , 284

43, 931

57, 455

39, 165

136
50,528

6,852

8,358

6,911

6,552

6,606

5,908

5,553

5,517

6,020

5,925

6,354

1,705

2,239

2,172

2,640

2,232

1,792

1,639

963

769

849

97

97

114

113

87

115
230, 2fi3

153

153

163

133

r

171

ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), ship1,443
mentsf
thousands
Domestic electrical appliances, sales billed:
154
Refrigerators, index
1936=100
Vacuum cleaners, standard type
number., 194, 548
261,648
WashersQ
do
1,120,417
Radio sets, production*
___ _ _
do
^Television sets (incl. combination), production*
number.. 352, 500
Insulating materials and related products:
610
Insulating materials sales billed index 1936=100
Fiber products:
Laminated fiber products, shipments!
8,626
thous. of dol. .
Vulcanized fiber:
6,383
Consumption of fiber paper
thous. of lb_.
Shipments of vulcanized products
2,155
thous. of doL.
Steel conduit (rigid) and fittings, shipments 9
27, 749
short tons..
Motors and generators, quarterly:
696
New orders, index _ _
_
1936=100
Polyphase induction motors, 1-200 hp-.c71
New orders
__
thous. of dol
56, 573
Billings..
do
48, 166
New orders
Billings

thous of dol
_ do

r

161, 002
143, 436
491,413

191, 299
210, 086
242, 975
319, 475
620, 956 1, 147, 837

259, 469
304, 131
921, 012

219, 119
268, 645
823, 943

224, 471
977, 977

230, 226
218, 956
632, 455

235, 936
261, 512
759, 453

290, 092
254, 135
975, 892

217, 169
222, 266
847, 946

216, 969
219, 882
748, 344

206, 939
281, 635
874, 253

148, 926

146, 705

337,341

411, 867

415,332

467, 108

404, 933

409, 337

510, 561

322, 878

309, 375

361, 152

494

539

521

559

611

466

648

528

536

545

7,136

7,230

7,389

8,032

7,513

6,833

8,115

7,830

7,796

7,899

7,739

7,558

4,701

5,461

4,802

5,462

4,711

4,170

4,836

4,484

4,216

4,133

3,640

3,720

1,847

2,129

1,711

1,804

1,523

1,232

1,646

1,618

1,565

1,430

1,332

1,296

23,890

25,017

25, 941

26, 680

26, 409

23, 871

25, 982

25, 530

27,328

22, 767

23,243

13, 881

12, 779
7,690

600

573

517

44, 878
42, 438

44, 189
40, 722

42, 455
44 820

9, 160
5,832

10 713
6,619

8 793
9,410

PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thous. of short tons..
Stocks in producers' storage yards, end of month
thous. of short tons..
Exports
,.
do
Prices, chestnut:
Retail, compositet
dol per short ton
Wholesale, f. o. b. car at minef
do
Bituminous:
Production __
thous of short tons
Industrial consumption and retail deliveries,
total
thous of short tons
Industrial consumption, total
do
Beehive coke ovens .
do
Oven-coke plants
do
Cement mills
do
Electric-power utilities
_do
Railways (class I)
do
Steel and rolling mills
do
Other industrial —
do
Retail deliveries
do

3,743

2,770

3,514

3,178

4,548

4,016

3,612

3,974

3,162

2,959

3,187

3,203

3,102

792
475

877
526

1,005
605

1,145
706

1,161
892

1,055
633

982
583

939
534

1,005
391

1,024
391

1,026
295

1,149
340

1,264

22.46
13. 989

22.62
14. 156

22 85
14. 319

23 00
14. 513

23 15
14. 513

23 31
14. 513

23 31
14. 513

23 31
14. 513

23 31
14. 513

23 31
14. 513

23 08
13. 394

21 69
13. 456

43 536

34 103

47 184

42 954

51 797

49 340

44 123

4.Q onn

Art

33, 869
30, 150
982
8,465
685
7,728
3 985
568
7, 737
3,719

33 214
29, 602
836
8,706
699
7,743
3 814
534
7,270
3,612

36 656
31, 521
990
8,742
701
8,625
4 064
579
7 820
5,135

35 754
30, 190
850
8,454
688
8,288
3 902
'544
7 464
5.564

40 002
33, 244
971
8,691
728
9,236
4 252
'625
8 741
6. 758

41 435
34, 027
933
8,367
781
9,382
4 344
705
9 ^15
7.408

42 803
34, 660
971
8,670
758
9,267
4 463
' 758
9 773
8. 143

44 284
34, 895
998
8,758
740
9,540
4 301
775
9700

39 587
31, 757

on ojn

qo coc
28, 422

OA 7 co

32, 170

27, 741

SQQ

fi81

20, 256

ACT

8,171

8,807

7,627

2,930

8,434
3 077
743
8 QOO
7 820

8,510

7,854
AQ7
7,724

9. 28Q

91 77

13. 631

77/1

Q97
«7Q

fifir

0

AQQ

677

8 Q14

7 070

fiflS

7,781
3091
582

7 818
4. 914

3

f\7K

562

9flfi
2 O1 7

7

7,369

148
O Q7C

r
Revised.
* Preliminary.
*New series. See note marked "*" on p. S-35.
©Figures through 1951 are estimated industry totals; thereafter, data cover reporting companies
only (representing about 97 percent of total industry).
§ Data for January-August 1951 and beginning January 1952, cover 14 companies; September-December 1951 15 companies
9 Beginning January 1952, data include sales of an additional firm; earlier data will be revised later.
'
cfThe number of companies reporting is as follows: Polyphase induction, 1st half of 1951, 32; 2d half of 1951, 33; 1st quarter of 1952, 34; direct current, beginning 1951 28
TRevised series. For revised batteries data beginning 1947, see note at bottom of p. S-35 of the July 1952 SURVEY. Retail prices are weighted averages for large cities Wholesale prices superp
;sede former quotations on tracks, destination. Revised price data prior to 1951 will be shown later.




SURVEY OF CUEEENT BUSINESS

August 1952

S-35
1952

1951

Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 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— Con tinued
B ituminous — Continued
Consumption on vessels (bunker fuel)
thous of short tons
Stocks, industrial and retail dealers', end of month,
total
thous. of short tons._
Industrial total
do
Oven-coke plants
do
Cement mills
do ___
Electric-power utilities
do
Railways (class I)
do. _
Steel and rolling mills
_
do _
Other industrial
_
do
Retail dealers
do
Exports
do
Prices:
Retail, composite t
dol. per short ton
Wholesale:
Mine run, f. o. b. car at minef
_
• do
Prepared sizes, f. o. b. car at minef
do_ _ _
COKE
Production:
Beehive §
thous of short tons
Oven (byproduct)
do
Petroleum coke
do
Stocks, end of month:
Byproduct plants total
do
At furnace plants
do
At merchant plants
do
Petroleum coke
do
Export51
- do_ _
Price, beehive, Connellsville (furnace)
dol. per short ton_.

98

93

96

86

104

91

35

19

19

16

76

92

76, 992
75, 258
16, 247
1,333
31, 060
4,999
1,195
20, 424
1,734

74, 100
72, 248
14, 035
1,316
31,635
4,426
1,168
19, 668
1,852

75, 414
73, 492
14, 449
1, 339
32, 392
4,331
1,156
19, 825
1,922

76, 245
74, 352
14, 426
1,353
33, 098
4,245
1,147
20, 083
1,893

78, 019
76, 080
14, 953
1,420
34, 162
4,126
1,155
20, 264
1,939

77, 858
75, 948
15, 123
1,508
34, 104
4,163
1,151
19, 899
1,910

76, 636
74, 886
15, 270
1,424
33, 398
4,172
1,181
19, 441
1,750

75, 423
73, 792
14, 827
1,361
32, 692
4,161
1,213
19,538
1,631

76, 474
74, 967
15, 786
1,342
32,710
4,237
1 276
19, 616
1,507

77,293
76 042
16, 727
1,276
32, 724
4,299
1,322
19, 694
1,251

78, 141
76, 810
16, 652
1,245
33, 617
4,254
1,353
19, 689
1,331

79,496
78, 033
16, 994
1,261
34, 545
4,110
1,336
19, 787
1,463

5,231

4,824

6,178

6,104

6,387

5,420

4,478

5,163

3,982

4,057

4,248

4,885

15.73

15.82

15.86

15.95

16.10

16.14

16.15

16.16

16.16

16.16

16.16

15.99

16.02

5.769
6.610

5.658
6.533

5.646
6.581

5.680
6.679

5.697
6.718

5.697
6.756

5.697
6.773

5.697
6.773

5.697
6.769

5.697
6.745

5. 624
6.349

5.623
6.317

5.629
6.378

625
5,943
315

526
6,104
326

616
6 152
319

547
5,923
316

629
6 114
328

619
5,882
335

625
6,114
325

637
6,168
331

589
5,770
310

576
6 204
321

436
5,374
296

201

1,395
1,135
260
112
90

1,518
1,175
343
99
94

1,626
1 204
422
97
122

1,764
1,298
466
94
100

1,815
1 306
509
82
126

1,758
1,264
495
83
111

1,738
1, 295
443
104
109

1,810
1,421
389
134
112

1,765
1,455
310
142
86

1,832
1 530
302
164
79

1,873
1,459
413
159
89

158
62

14. 750

14. 750

14. 750

14. 750

14. 750

14. 750

14. 750

14. 750

14. 750

14. 750

14. 750

14. 750

1 975
183, 898
97
197 246

1 896
190, 362
95
200 322

2 307
193, 201
96
202 721

1 975
187, 816
97
196 752

2 014
197, 610
95
199 826

2 040
188, 149
97
198 258

1 947
191, 650
98
206 032

2 151
192, 712
94
205 829

1 929
184, 654
95
193 524

2 101
198, 028
93
205 825

2 063
192, 882
89
193 039

2 196
158, 310
71
152 062

248, 170
65, 536
164, 934
17,700

250, 847
67, 046
166, 077
17, 724

254, 276
65 501
171,074
17 701

254, 900
64,916
171, 730
18, 254

262, 266
65 388
179,173
17 705

261, 100
65 297
177, 982
17, 821

255, 783
62, 311
175, 481
17, 991

254, 007
62, 436
173, 471
18, 100

255, 900
64,614
173, 315
17, 971

259, 126
63 612
177, 422
18 092

270, 679
69, 159
183, 751
17, 769

290, 813
72, 875
197, 001
20, 937

2,342
16, 487
2.570

2,320
17, 612
2.570

2 361
15, 232
2.570

2,199
14, 458
2.570

1,947
14, 473
2.570

1,858
13, 050
2.570

2,147
11, 835
2.570

2,303
15, 909
2.570

2,211
14, 083
2.570

2 939
14, 186
2.570

3,340
17, 536
2.570

1,718
15, 570
2.570

37 614
38, 303

38, 067
39, 516

38 335
37, 993

*38 453
36, 843

40 159
37, 944

40 726
39, 111

44 693
40, 693

45 141
41, 483

44 314
38, 352

43 402
39, 482

39, 353
37, 602

30, 432
30, 336

24, 132
42, 153

24, 277
39, 400

27 185
40 454

27, 271
39, 547

31 655
45,016

47 221
50, 982

57, 233
54, 382

63 185
56, 246

54, 489
49, 796

49 081
50, 721

33, 921
45, 119

27, 867
38, 500

4,544
3,415
6,177

4,375
3,338
5,790

5,038
3 517
6 750

5,072
3,218
6,250

5,440
3,486
6,491

5,949
3,313
6,331

6,295
3,244
15, 484

6,068
3,032
6,906

4,775
2,767
6, 447

5,222
2 851
6,760

4,204
2,500
6,351

3,717
2,434
6,438

67, 839
41, 566

79, 437
45, 163

87, 432
47 243

96, 241
48, 212

102, 561
48, 415

94, 917
45 378

80, 785
42, 063

* 66, 969
i 39 523

55, 369
38, 295

48, 750
37 971

51, 634
38, 561

51, 648
38, 821

1,149
2,471

2,280
3,119

3 118
3,005

2,554
2,962

2,353
2,553

1,242
1,962

1,854
2,006

1,894
1,831

1, 654
1,847

1,316
' 2, 059

2,791
2,244

2,641
2,500

.091
1.750

.091
1.750

.091
1.750

.091
1.750

.091
1.690

.091
1.650

.091
1.650

.091
1.650

.091
1.500

.091
1.500

.091
1.400

.091
1.350

9, 815
6,494
24, 169
388

10, 220
6,490
27, 277
592

10 506
6,455
30 241
1,000

10 915
6,640
33, 106
1,326

11, 262
10, 171
33, 382
703

12 083
14, 960
29 948
538

12 171
16, 744
24, 933
387

13 040
16, 633
22 679
752

10 742
14, 608
18, 530
217

11 964
12, 853
16, 817
747

10, 978
8,150
18, 955
613

7,084
5,504
19, 614
850

r

80, 766
79, 130
16, 446
1,381
35, 802
3,996
1, 322
20, 183
1,636

14. 750

PETROLEUM AND PRODUCTS
Crude petroleum:
Production
Refinerv operations

thous of bbl
percent of capacity

Stocks, end of month :d"
Gasoline-bearing in U S total
At tank farms and in pipelines

do
do

Exports
do
Imports
do
Price (Oklahoma- Kansas) at wells. -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 oil
do
Residual fuel oil
do
Exports:
Distillate fuel t)il
do
Residual fuel oil
do
Prices, wholesale:
Distillate (New York Harbor, No. 2 fuel)
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
Stocks refinery end of month
do
Exports©
do
Price, wholesale, bright stock (midcontinent,
f. o. b. Tulsa)
dol. per gal._

1

.101

.101

.101

.101

.101

.101

.101

.101

.101

.101

.101

.101

5,094
3 632
8,444
1,387

5,241
3 348
8,662
1,593

5,379
3 592
8 875
1,499

4,905
3 313
8,866
1,527

5,432
4 090
8,914
1,236

5,144
3 421
9 111
1,441

5,157
3 163
9 617
1,429

4,963
3 381
9, 856
1,292

4,456
2 827
10, 049
1,357

4,921
2 990
10, 169
1,751

4,831
3,509
10, 154
1,276

3,492
2,525
9,610
1,448

.290

.290

.290

.290

.290

.290

.290

.290

.290

.290

.290

.290

2.570

3,912

.091
1,150

.101

.270

f Revised.
1 New basis. Comparable data for December 1951 (thous. bbl.): Distillate fuel, 85,872; residual fuel, 42,955; kerosene, 26,940.
fRevised series. Retail prices are weighted averages for large cities. Wholesale prices supersede former quotations on tracks, destination. Figures prior to 1951 will be published later.
§Revisions for 1950 will be shown later.
^Includes stocks of heavy crude in California.
©Excludes "special category" exports not shown separately for security reasons.
NOTE FOR RADIO, TELEVISION SERIES, P. S-34. *New series. Compiled by the Radio-Television Manufacturers Association. Data represent industry totals based on reports
from both members and nonmembers of the association. Both private and company brands are included. Radio production comprises home, poitable battery, automobile, and (beginning
1961) clock models; television sets indude combination models. Monthly figures beginning 1947 will be shown later. Data for June, September, and December 1951 and March and June 1952
cover 5 weeks; other months, 4 weeks.




SUEVEY OF CUEEENT BUSINESS

S-36

August 1952

1951

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

June

July

August

Septem-

1952
October

November

December

January

February

March

April

May

June

PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products—Continued
Motor fuel:
All types:
96,154
98, 799
98, 643
98, 610
Production, total
thous. of bbl_.
96, 115
Gasoline and naphtha from crude petro85, 417
87, 851
87, 875
86, 942
leum
thous. of bbl.
85, 004
15, 932
16, 367
16, 977
17, 069
18, 167
Natural gasoline and allied products do
Sales of 1. p. g. for fuel, etc., and transfers
5, 195
5,575
6,053
6,599
6,958
of cvcle products
thous. of bbl
7,586
7,982
8,658
8,804
9,318
Used at refineries
do
96, 093
100, 476
101, 206
99, 945
91, 803
Domestic demand
do
Stocks, gasoline, end of month:
119, 769
113, 734
106, 704
106, 547
101, 837
Finished gasoline total
do
70, 363
67, 250
61, 120
56, 984
58, 364
At refineries
do
7,826
7,748
7,742
6,963
7,600
"Unfinished gasoline
do
10, 065
10, 043
9,883
9,003
9,578
Natural gasoline and allied products do
2,620
3,438
4,103
4,027
3,293
Exports^1
- do
Prices, gasoline:
Wholesale, refinery (Oklahoma, group 3)
.104
.104
.104
.104
dol. per gal__
.104
.129
.129
.129
.129
.129
Wholesale regular grade (N. Y.)*
do
.201
.202
.202
.201
.203
Retail service stations, 50 cities
do
Aviation gasoline:
6,765
6,931
6,390
6,487
Production total
thous. of bbl
5,950
4,426
4,663
5,159
4,792
4,853
100-octare and above
do
8,305
8,005
7,564
7,915
7,726
Stocks, total
do
3,817
3,844
3,925
4,369
3,895
100-octane and above
do
Asphalt:
Production
short tons. 1, 205, 600 1, 286, 700 1, 363, 600 1,247,100 1, 225, 300
1, 459, 300 1,296,500 1,064,200
814, 400
Stocks, refinery, end of month.
_ __do
947, 800
Wax:
113, 680
110, 320
115, 920
100, 520
104, 440
Production
thous. of Ib
168, 280
179, 200
188, 440
197, 680
193, 200
Stocks, refinery, end of month
_ __do
Asphalt products, shipments:
4, 739
4,840
5,497
5,865
6 552
Asphalt roofing total
thous of squares
Roll roofing and cap sheet:
980
1,008
1,333
1,196
1,492
Smooth-surfaced
do
1,056
1,145
1,385
1,357
1,618
Mineral-surfaced
do. _
2,704
2,687
2,944
3,147
3,443
Shingles all types
do
128
135
178
186
268
Asphalt sidings
do. _
50, 951
41, 979
47,166
49, 770
59, 202
Saturated felts
_ _ _ _ _ short tons..

95, 859

100, 039

98, 551

93, 134

99 093

92,553

74, 485

84, 976
18, 191

88, 800
18 941

87,446
19 058

82, 052
18 070

87 096
18 724

81, 819
17 917

63, 752
16 796

7,308
8,917
88, 702

7,702
8,838
84 394

7 953
8,459
86 863

6 988
8,113
82 043

6 727
8,038
87 065

7,183
8,041
98 653

6, 063
7,398
101 137

105, 117
58,160
6,911
8,379
4,071

117 235
70, 051
7,747
8,186
3 476

136 161
81, 054
8 178
7 896
2 558

143 910
87, 458
8 002
8,585
2 144

152 556
90,695
8 133
9,527
1 903

143, 512
83, 129
8,378
9,366
2 466

116, 039
64, 731
7,617
9,246

.104
.129
.203

.103
.129
.203

.103
129
.200

.103
129
.199

.104
129
.201

.100
.129
.202

.103
.129
.205

6,390
5,266
7,726
3, 853

6 555
5,435
8,277
4,356

6 409
5' 480
8,399
4 483

6 137
4 875
8,503
4 421

6 922
5 848
8,529
4 507

6 116
5,076
7,633
3,761

4,906
4,339
7,859
4,422

975
.104
.129
.205

884, 700
922, 900 1, 009, 500
671, 300
605 600
719 300
739 300
975, 600 1, 203, 600 1, 331, 500 1, 527, 300 1,713,500 1, 753, 500 1,660,500
101, 080
196, 280

92 400
202, 440

98 280
194 040

100 240
190, 400

95 480
199, 360

94 360
193, 480

80 3f)0
179, 200

4,141

2 485

3 516

3 549

3 869

4 742

5 179

5 103

1,029
1,082
2 029

634
656
1 195

928
882

913
888

1 705

876
861
1 811

2 067

1,019
1 046
2 676

1,040
1 109
3 093

44, 742

123

32, 602

126

1,001
1 133
2 969

44, 641

46, 644

45 957

52, 791

59, 274

192

120

163

144

135

119

PULP, PAPER, AND PRINTING
PULP WOOD 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-_Oroundwood
do
Defibrated, exploded, etc
. _ do.
Stocks, own pulp at pulp mills, end of month:
Total, all grades
short tons__
Bleached sulphate ._
do
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...

2,383
2,258
4,180

2,309
2,104
4,388

2,720
2,293
4,819

2,288
2,124
4,980

2,503
2,366
5,118

2,172
2,305
4 987

2,213
2 102
5 072

2,699
2,339
5 445

2,561
2 227
5 775

2 482
2 332
5 915

1,903
2 235
5 582

847, 003
824, 615
490, 788

722, 774
667, 582
547, 347

778, 627
757, 434
562, 352

676, 423
663, 649
576, 931

725, 048
724, 715
572, 481

644, 616
640 925
586, 602

548 752
544 983
589 340

665 051
657 518
593 508

620 775
632 317
580 809

647 081
650 550
576' 038

650 014
640 933
587 616

r 597 539
r 618 966
r 564 079

589 173
604 691
548 128

' 1, 403
' 182, 332
' 538, 127
' 198, 374
' 63, 568
34, 908
' 210, 883
101, 000

1,329
177, 229
522, 335
182, 262
58, 586
29, 921
197, 911
94, 500

1,438
198, 499
550, 868
206, 044
61, 287
38, 777
208, 437
98, 302

1,317
171, 930
505, 980
186, 638
61, 177
36, 941
194, 055
88, 000

1 470
198, 261
570, 792
209, 922
68 807
39, 939
214, 370
85, 319

1 416
197,916
548 166
205, 199
61 363
37, 957
203, 712
83 192

1 277
167 475
490 399
191 814
62 126
35 526
192 799
77 195

1 436
199 797
559 914
208 833
63 214
39 480
207 014
83 501

1 373
199 614
523 737
201 035
59 548
37 651
194 723
82 763

1 456
211 906
552 033
213 340
61 776
39 041
214 847
86 773

1 375
195 895
512 267
207 095
59 253
37 813
198 464
89 170

1 402
210 711
*13 971
210 273
58 390
37 840
203 259
r g7 39g

1 323
207 457
483 425
188 012
52 355
33 893
194 762
89 236

' 110, 410 111, 130
' 14, 260
11, 830
12, 911
13, 685
' 26, 641 27, 997
10, 990
12, 210
1,088
987
40, 841
40, 852

105, 430
11, 920
12, 542
26,187
11, 579
803
38, 601

110, Oil
14, 244
12, 525
27 160
13, 054
1,088
37 954

106, 227
13, 650
12, 871
26 290
13, 012
1,129
34 432

102, 792
14 142
12 413
23 293
11, 480
1 927
34 880

107, 057
8 718
11 462
29 508
12, 184
1 816
37 969

108, 352
11 150
12 583
26 472
11,219
1 540
39 227

113, 520
12 547
14* 339
27 902
10, 100
1 781
38 912

124, 064
13 369
16 557
2g' 662
13, 407
1 973
41 861

139, 706
14 545
18 349
41 660
12, 150
2 161
42 547

r 147, 535
17 277
18 139
47 217
12, 571
2 170
' 41 088

156, 864
20 566
18 247

' 1, 900
' 2 247
r 5 234

2 047
2 130
5 149

AQ CAQ

15,500
2 640
41 n*?fi

19, 489
232, 277
51, 391
39, 253
49, 634
67, 787
2,717
29, 489

10, 711
213, 392
47 001
31, 179
50, 379
53, 221
2 625
27, 199

12, 007
189, 442
45 102
21, 664
46 465
47, 888
2 988
24, 715

12, 794
164, 897
39 227
23, 749
42 862
35, 741
2 489
19, 450

11,046
197, 934
47 933
22, 060
51 121
44, 917
2 859
27 202

27, 758
172, 963
42 268
17 928
44 744
42 242
2 767
2l' 803

23, 583
169 664
45 368
18 961
39 849
41 971
2 430
20* 106

14, 540
176 358
43 560
21 858
42 074
47 656
2 273
17 974

24, 261
161 847
47 028
18 854
41 111
37 294
2 654
14 086

22, 068
155 331
43 456
12 917
41 648
34 495
2 e7q
19 544

29, 522
145 643
07 007
11 575
40 497
33 382
9 filQ
18 878

30, 131
147 433

'2,282
r
1, 104
1 055

1,996
974

2,207
1,106

2,018
1 043

2,220
1 166

2,049
1 088

1,847
1 022

2,105
1 118

2,005
1 048

2,071
1 095

2,014
1 051

2,011

1,951

r IHfi

858
-i ir>

47 fiQfi

11 669
Ofl Ar.Q

31 336

2

n

99Q
dflR

PAPER AND PAPER PRODUCTS
All paper and paperboard mills:
Paper and paperboard production, total
thous. of short tons..
Paper (incl. building paper). . _
.do
Paperboard
do
Building board
do

123

903
119

989
113

873

103

939
115

' Revised.
cfExcludes "special category" exports not shown separately for security reasons.
*New series. * Prices are for bulk lots, f. o. b. refineries. Quotations prior to 1951 will
beshown
shownlater.
ill be




857
104

743

R2

892
QK

859
Q7

001

OK

1 09Q

' S.K7

G7

SUKVEY OF CURRENT BUSINESS

August 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

S-37
1952

1951

June

August

July

Septem-

ber

October

Novem-

ber

Decem-

ber

January

Febru-

March

ary

May

April

June

PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS— Con.
Paper, excl. building paper, newsprint, and paperboard (American Paper and Pulp Association):
Orders, new
short tons
882,150
812, 496
854 043
Orders, unfilled, end of month
__do
984, 305 1,025,263
983, 823
885, 285
Production
do
783 778
894 740
886, 429
770, 991
Shipments
_
__
do
895, 659
300, 270
Stocks end of month
do
312 183
311 254
Fine paper:
113, 525
Orders new
do
108 242
104 721
7
130,810
Orders unfilled , end of month
do
145, 100
133, 205
117, 902
Production
do_ _
95, 741
116, 506
119,902
Shipments
do
98, 572
116, 652
62, 470
Stocks, end of month...
do
63, 605
63, 459
Printing paper:
298, 390
Orders, new
_
do
268, 285
290, 115
496, 190
Orders unfilled, end of month
do
494, 705
510 150
285, 183
304, 666
Production
_ .do. _
254, 382
284, 352
305, 590
254 294
Shipments
do
113, 760
112, 920
Stocks, end of month
do
113, 845
Price, wholesale, book paper, "A" grade, Eng12.82
12.98
lish finish, white, f. o. b. mill*._dol. per 100 lb_.
12.82
Coarse paper:
297, 480
302, 539
Orders, new
short tons
277, 783
228, 315
233, 895
Orders unfilled, end of month
do
235 118
305 938
303, 033
Production
do
277, 523
305, 490
303, 762
Shipments
do
270 980
78, 450
84, 265
Stocks, end of month
_ _
do
84, 993
Newsprint:
Canada (incl. Newfoundland):
464, 332
484, 563
Production
do
452 455
475, 034
480, 581
Shipments from mills
__
do
442 966
135, 486
148, 957
Stocks, at mills, end of month
do
144, 975
United States:
365, 324
344, 470
Consumption by publishers
do
333, 440
94,331
101, 574
Production
_ _
do
92, 481
97, 274
100, 003
Shipments from mills
do_ _
90, 875
Stocks, end of month:
7,014
10, 191
At mills
_
do_ _
8,620
358, 294
467, 052
393, 718
At publishers
do
94, 331
77, 646
In transit to publishers
_ do
106, 727
426, 280
442, 100
417, 120
Imports
do
Price, rolls, contract, delivered to principal
106. 75
111.75
109. 25
ports*
dol. per short ton
Paperboard (National Paperboard Association):
932, 200
933, 000
Orders new
_. .
short tons.. 962, 700
548, 000
470, 800
537, 600
Orders unfilled end of month
do
1, 058, 500
890, 000 1, 002, 200
Production total
do
94
103
84
Percent of activity
Paper products:
Shipping containers, corrugated and solid fiber,
6, 433
5,940
5, 278
shipments
- mil. sq. ft. surface area.
Folding paper boxes, value:
616.7
594.0
616.7
New orders
1936=100.
594.1
702.5
744.2
Shipments
do

835 693
982 593
851 819
837, 409
325 907

942 156
976.913
946 158
947 030
325 035

819 334
914, 463
896 957
881 877
340 425

820
870
861
863
338

265
769
248
959
617

962
914
932
911
326

506
567
288
745
610

842
903
865
851
344

191
374
400
819
664

852 186
854, 820
896 773
881 775
360 070

109 384
132, 655
110, 546
110,422
63, 325

121
132
123
121
65

329
495
623
489
959

100 090
110 610
122, 649
121 972
66 635

106 947
122 703
118 200
119 040
65' 795

136
141
126
125
64

428
965
753
513
558

114 955
138 310
122 133
116 643
67' 895

108 853
120 280
124, 033
121 995
69 710

278, 225
492, 795
286, 834
280 135
119, 619

OOO QQS

495
313
317
114

264, 508
465 945
297, 894
293 829
118 980

274
447
291
292
117

343
475
315
310
129

367
000
983
450
798

288 745
475 150
290 945
290? 555
130' 180

288
458
300
295
135

13.15

265
"<61
865
915

13. 15

13.15

294, 386
236,168
296, 567
292 113
88, 720

321
232
3?4
325
87

431, 082
427, 738
152, 301

515
340
031
340
411

755
761
707
939
748

13.15

13.15

13.55

703
708
738
729
384

r 104 915
111 930
116 076
T 113 7gi
72 250

T 91 150
' 93 510
' 115, 768
r
109 568
r
78, 450

88 000
86 000
100, 000
95 000
83, 450

r

r

250,000
400 000
265, 000
265 000
140, 480

r

T
r
r
r

296
460
295
293
133

r
r
r
r

254
160
277
276
r 34

780
500
614
550
025

435 287
461 455
101,910

470 456
445 212
127, 154

457 835
441 349
143 640

381, 437
90, 728
92, 487

405, 277
100 339
97, 791

402, 829
95, 847
99, 301

387, 783
91,763
91, 721

345, 315
97 216
95, 046

8,432
439, 547
87, 037
358, 866

10, 980
434 841
100, 292
458 514

7,526
436, 244
107, 144
438 140

7,568
430, 431
91, 765
403 934

9,738
460 378
89, 491
385 574

297
108
068
132
550

515
502
741
936

000
806
000
000
355

13.55

13.55

246 357

»• 269, 053
r 262 180
r
84 000

227, 000
135 000
240, 000
230 000
94, 000

471 235
468' 018
170' 137

495 972
492, 478
173, 681

451 915
483, 791
141,805

399, 258
99 633
98 696

393, 470
94 767
94 250

404, 071
103, 440
103, 783

379, 943
99, 080
98, 138

8
457
87
416

8
460
72
420

8,626
442, 739
79, 028
409 649

9,568
476, 479
74, 592

7
475
99
398

471, 732
491, 020
128, 078

286
193
993
289
75

261, 061
r 425 000
r
288 068
r 285 605
T
140, 488

13.55

13.55

348, 630
94 759
96 982

492 475
497 410
147 366

r

159
045
281
727
884

740 159
747, 316
816 627
802 675
r 375 293

476 492
453 162
166 970

291
217
305
304
94

329
192
320
317
66

r
r
r
r

759
500
891
686
100

313, 393
229 708
321, 822
316 025
93, 520

794
091
258
411
367

200
050
497
680
960

rr 813 274
825, 736
r 350 216
r
842 129
r 369 375

294
182
307
300
82

560
684
066
445
900

452
617
887
439

969
475
475
148

r

r 140 000

114. 25

116 75

116. 75

116 75

116 75

116 75

116 75

117 00

117 00

856, 000
458, 200
852, 500
86

961, 900
487, 800
951, 700
87

804, 500
365, 400
866, 300
82

798, 300
358, 700
789, 900
75

883, 200
405, 500
835, 000
81

829, 300
355, 200
867, 800
86

923, 000
380 400
880, 500
85

875, 600
417 600
869 500
82

880, 000
375, 000
906, 000
82

850, 300
352, 900
832, 800
82

119. 500

5,511

6,055

5,399

5,642

5,550

5,569

5,935

5,765

6,013

5,541

476.8
629.2

615.9
747.6

555.7
650.8

498.1
528.0

654.6
639.8

608.8
619.0

636.9
630.2

581.3
614.6

604.1
604.1

666.4
638.7

940
743
197

980
781
199

1,172
963
209

1,083
872
211

720
557
163

723
575
148

1,371
1,081
290

1,055
855
200

1,240
937
303

1,003
754
249

36, 776
75, 123
83 283

34, 642
73, 599
76, 383

35, 489
61, 263
85 172

36, 364
59, 272
82 974

' 36, 292
' 63, 828
59, 188

36, 875
72, 858

PRINTING
Book publication, total
N e w books
New editions

-

number of editions-_ . _
_. do. _do

1,145
879
266

751
549
202

638
466
172

RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
- -- long tonsStocks end of month
do
Imports including latex and guayule
do
Price, wholesale, smoked sheets (New York)
dol. per lb__
Chemical (synthetic):
Production
_
..long tonsConsumption
do
Stoeks, end of month
__do
Exports
- - - do_ _
Reclaimed rubber:
Production
do
Consumption
_ _ do_ _
Stocks end of month
do

39, 998
68, 369
56 411

35, 478
67, 816
73 586

36, 506
67, 491
71, 121

36, 887
56, 941
61 200

37, 407
63, 501
55 214

35, 037
63, 689
57 378

33, 256
76, 569
45 364

.485

.660

.520

.520

.520

.520

.520

.520

.520

.505

.505

.485

74, 188
64, 718
78, 154

76, 250
61, 419
89, 527

74, 951
67, 260
96, 382

777

70, 870
68, 460
99, 889
1,008

79, 285
68, 923
109, 407

550

73, 045
65, 403
116,910
1,190

76, 958
60, 421
129, 952
1,430

75, 214
69, 430
137, 785
1,831

73, 807
65, 767
144, 279
2,141

78, 166
68, 744
150, 094
3,490

76, 457
67, 592
158? 622
2,415

33, 509
30, 999
40, 268

29, 999
25, 500
44, 347

29, 035
28, 598
43,900

26, 885
26, 226
43, 095

29, 611
27, 744
44, 367

25,453
24, 509
44, 049

23, 677
22, 044
45, 082

27, 755
26, 553
45,067

23, 883
24, 518
43, 306

22, 808
24,797
40, 579

23,948
23, 911
39, 767

7,212
7.155
2,606
4,407
142
3,508

6,718
6,584
2,361
4,108
115
3,586

' 7,533
7,145
2,813
4,211
120
4,033

7, 414
6,640
2,519
3,950
171
4,740

7,771
7,050
2,553
4,315
181
5,514

7,374
6,081
2,391
3,501
188
6,888

6,441
4,517
1,800
2,519
198
8,765

7,872
6,529
2,140
4,243
146
10, 039

7,463
6,184
2,301
3,721
163
11, 370

7,786
6,134
2,484
3,512
137
13, 043

7,189
6,967
2,814
4,038
115
13,295

7,433
7,443
2,719
4,624
101
13, 263

127

108

5,392
5,500
5,307

5,179
5,042
5,685

6,141
5,729
6,272

5,695
5, 042
6,831

6,270
5,603
7,471

5,500
4,803
8,378

5,143
3,556
10, 094

5,582
5,475
10, 343

5,138
4,958
10, 507

5,497
5,034
10, 900

5,481
5,305
11,013

5,771
5,330
11, 493

573

968

.380

63, 236
60, 545
' 66, 439 65, 562
' 153, 339 150, 671
2,350
r
r

23, 142
22, 314
40, 169

21, 045
21, 791
40,083

TIRES AND TUBES
Pneumatic casings:
Production
Shipments total
Original equipment
_
Replacement equipmentExport
Stocks, end of month
_
Exports©
Inner tubes:
Production §
Shipments§
Stocks endofmonth§
_
Exports
r

thousandsdo
do
do
do
_ _ _ _ _ do
do
_

-

do
do
do
do

118

63

108

57

126

88

147

101

129

94

161

121

210

144

150

93

164

125

181

Revised.
*New series. Compiled by the 17. S. Department of Labor, Bureau of Labor Statistics; monthly data beginning 1947 will be shown later.
©Excludes "special category" exports not shown separately for security reasons.
§Includes data for motorcycles.




105

88

63

7,367
9,003
2,617
6,256
130
11,668
5,536
6,040
10, 974

SURVEY OF CURRENT BUSINESS

S-38
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

August 1952
1952

1951

June

August

July

September

October

November

December

January

February

March

April

May

June

STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and cloth, shipments, .reams.. 162,002

161, 093

174, 180

171, 584

195, 139

188, 389

132, 524

159, 041

162, 959

174, 155

185, 451

168, 174

161,544

21, 984
99
24,916
16, 630
6,682

22, 439
98
24, 259
14, 812
5, 601

22, 514
98
25, 841
11, 491
4,851

22, 269
100
23, 253
10, 499
4,138

22, 797
99
26, 134
7,162
3,544

20, 737
93
17, 994
9,910
3,882

19, 874
85
11, 791
17 993
4,711

17, 039
73
12 696
22 336
7 056

16, 545
76
14, 362
24 519
8 987

18, 095
78
15, 993
26 622
10 741

19, 817
86
21 764
24 672
10 348

21, 829
92
23, 282
r
23
220
r
9, 513

20, 748
90
25 067
18 901
8 450

600,516
577, 686

571, 338
540, 545

603, 781
571, 081

538. 774
516, 533

591,281
578, 080

532, 937
466, 690

436, 552
342, 901

406, 229
353, 812

392, 482
378, 321

434, 789
411, 819

484, 468
492, 488

489, 779
479 409

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

CLAY PRODUCTS
Brick, un glazed:
Production
thous. of standard brick..
Shipments
do __
Price, wholesale, common, composite, f. o. b.
plant f
dol. per thous __
Clay sewer pipe, vitrified:
Production
short tons..
Shipments
do
Structural tile, unglazed:
Production
do
Shipments
do

27. 317

27. 317

27. 317

27. 366

27. 366

27. 366

27. 366

27 317

27. 317

27. 317

27 217

27. 217

138, 922
137, 142

137, 727
141, 255

151, 181
150, 323

137, 430
135, 057

158,121
154, 034

141, 154
121, 239

124 993
82, 546

134 045
86, 576

127, 442
97, 107

139, 685
118, 092

139, 573
139, 744

128 020
134 221

104, 547
105,045

101, 903
100,040

103, 493
101, 782

93,164
94, 063

101, 922
100, 142

98, 965
85, 529

84, 411
66 682

81, 948
71 403

78, 061
75, 617

76, 119
69, 494

82, 647
84, 813

84, 209
82 285

10, 489
9,847

10, 355
9,372

10, 575
10,543

9,134
9,397

9,341
8,948

7,804
7,714

7 603
7,568

8 941
8 485

8 783
8 053

9 400
9 005

9 523
9 577

10 220
9 888

27 217

GLASS PRODUCTS
Glass containers:
Production
thous. of gross
Shipments, domestic, total
do
General-use food:
Narrow -neck food
do
Wide-mouth food (incl. packers' tumblers,
jelly glasses, and fruit jars). .thous. of gross..
Beverage (returnable and nonreturnable)
thous. of gross..
Beer bottles
do
Liquor and wine
_
do
Medicinal and toilet
do
Chemical, household and industrial
do
Dairy products._
do
Stocks, end of month
do
Other glassware, machine-made:
Tumblsrs:
Production
thous. of dozens..
Shipments
__
do
Stocks
- do
Table, kitchen, and householdware, shipments
thous of dozens

10 080
9,607

908

738

1,125

1,432

1,072

632

674

783

859

881

1 125

1 216

916

2,410

2,416

2,782

2,281

2,426

2,122

1,885

2,498

2,123

2,400

2,474

2,767

2,706

969
1,786
730
1,965
823
255
9,714

858
1,848
746
1,805
695
266
10, 375

602
2,279
805
1,901
722
326
10, 102

332
1,344
1,171
1,782
717
338
9,839

297
746
1,328
1,985
782
312
9,884

319
840
1,097
1,810
634
260
9,710

532
873
906
1,795
572
330
9,453

525
841
741
2 161
679
258
9,635

503
874
840
1,962
693
199
10, 093

655
806
979
2,272
783
228
10, 216

767
700
1,061
2 355
850
244
9,863

977
955
940
2 064
735
233
9,871

1, 123
1,198
852
1,860
739
214
10, 060

6,384
5,737
11, 974

5,560
5,733
11, 769

5,807
5,331
12, 256

4,656
4,387
12, 556

4,966
5,414
11, 978

3,889
4,645
11, 228

3,800
3,352
11, 579

4,883
4,473
11, 837

5,136
5,514
9,989

5,357
5,061
10, 241

4,701
4,987
9,892

4,537
5,329
9,073

4,831
5, 491
8,349

2,682

2,766

3,606

2 892

3,459

3,368

2 589

3 005

3 857

3,431

3,474

3 551

13, 476
13 551
28 087

13, 324
12, 317
29, 075

GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports
thous of short tons
Production
do
Calcined production quarterly total
do
Gypsum'products sold or used, quarterly total:
Uncalcined
short tons
Calcined:
For building uses:
Base-coat plasters
do
Keene's cement
do
All other building plasters
do
Lath
thous. of sq. ft
Tile
do
1
Wallboardd'
Industrial plasters

do
short tons

664
2,305
1,981

1 171
2,271
1,977

859
2 027
1,681

401
1,797
1,582

656, 070

588,584

636 366

526, 038

591, 646
15, 053
154, 610
745, 224
10,710
877 893
71 181

590, 559
13, 711
169, 219
704, 333
9,386
855 222
68 612

471 072
10 648
146 036
602, 500
7 763
776 854
71 377

451, 841
13, 086
134, 090
508, 785
7,602
761, 566
67, 421

^

TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
thous. of dozen pairs..
Shipments
do
Stocks end of month
do

12, 163
11, 453
30 208

9,383
9,259
30, 332

12, 670
12, 929
30, 073

1J,862
12, 605
29 330

13, 617
14, 374
28 573

12, 928
13,986
27, 515

11, 393
11,611
28 199

13, 945
13 366
28 778

224

2,014

6,468

10, 022

12, 803

13, 554

14, 508

13, 465
13, 495
28 748

13, 250
13, 961
28 037

13, 046
12, 481
29, 693

COTTON
Cotton (exclusive of linters) :
Production:
Ginnings§
thous. of running balesCrop estimate, equivalent 500-lb. bales
thous. of bales..
Consumption!
bales..
Stocks in the United States, end of month,
totalf.thous. of bales. .
Domestic cotton, total
do
On farms and in transit
_. do.. .
Public storage and compresses
.do
Consuming establishments
do
Foreign cotton, total
do
r

1

2176

15, 058
3

1

817, 154

768, 072

754, 119

722, 004

905, 062

730, 817

672, 715

922, 559

768, 889

15 130
736, 535

2,958
2,848
125
1,034
1,690
110

2,278
2,166
134
719
1,313
112

16, 198
16, 090
13, 652
1,438
1,000
108

15, 125
15, 022
10, 734
3,289
999
103

13, 646
13, 550
6,840
5, 514
1, 196
96

12, 128
12, 037
4,754
5,886
1,397
92

10, 759
10, 672
3,492
5,644
1.536
87

9,060
8 981
2,421
4,920
1,639
80

7,638
7,537
1,503
4,394
1,640
101

6,351
6 254
887
3,773
1,594
97

847, 444

686, 697

14, 735
695, 965

5,100
5 003
481
2,992
1 530
97

4, 266
4, 179
419
2,380
1,381
86

3,180
3 097
126
1,782
1,189
83

3
Revised.
t Revised series. Data beginning 1947 will be shown later.
1 Total ginnings of 1951 crop. 2 Ginnings to August 1.
August 1 estimate of 1952 crop.
cflncludes laminated board, reported as component board.
§Total ginnings to end of month indicated.
IData for July and October 1951 and January and April 1952 cover 5-week periods and for other months, 4 weeks; stocks are for end of period covered.




SUE YE Y OF CURRENT BUSINESS

August 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey

S-39

1951
June

July

August

September

1952
October

November

December

January

February

March

April

May

June

TEXTILE PRODUCTS—Continued
COTTON—Continued
Cotton (exclusive of linters) — Continued
Exports
bales
Imports
- -do _
Prices received by farmers
cents
per
lb__
Prices, wholesale, middling, 15A&", average, 10
markets
cents per Ib—
Cotton linters :^
Consumption
thous. of balesProduction
do
Stocks end of month
- do_ _

204, 006
18, 412
42.0

129 144
7,529
39.1

145 758
3,679
34.6

356 209
2 320
33.7

583 927
5 722
36 2

803 580
1 046
41 0

979 762
2 214
40 3

676 400
15 453
38 7

587 763
35 470
37 3

419 304
I 652
36 7

334 248
l'449
37 3

316 461
373
36. 1

38.0

45.2

40.1

35.0

35.1

36 9

41 5

42 2

41 9

40 6

40 8

40 7

38.6

40.4

96
31
328

91
21
259

88
64
231

114
175
272

136
267
367

131
247
460

117
205
538

118
221
620

120
174
629

108
140
655

98
99
630

97
70
560

99
46
541

2,651
73, 786 ' 63, 092
2,614
2,497

63, 850
1,935

2,279
65, 408
2,174

53, 745
1,609

64, 127
1,690

2,302
77, 431
1,846

62 133
1 883

72» 255
1,999

2 359
73 609
1,434

59, 942
1,616

63,112
1,295

29.04
42 7
17.8
19.4

28 45
42 7
17.0
18.8

26 61
42 7
16.5
18.0

25. 83
42.7
16.4
17.3

26.17
42.7
16.0
16.5

24.40
40.7
16.8
16.5

3
784
31 069

.755
1.035

4.738
* 1. 019

r

.727
1. 006

COTTON MANUFACTURES
Cotton cloth:
Cotton broad -woven goods over 12 inches in width,
production quarterly cf
mil of linear yards
Exports
thous. of sq. yd__
Imports
- _ do
Prices, wholesale:
Mill margins
cents per lb_
Denim 28-inch*
cents per yd
Print cloth 39-inch, 68 x 72*
do
Sheeting, in gray, 40-inch, 48 x 44-48*
do
Cotton yarn, Southern, prices, wholesale, mill:
22/1 carded white cones
dol per Ib
40/1 twisted carded skeins
do_ _
Spindle activity (cotton system spindles) :J
Active spindles, last working day, totaL__thous__
Consuming 100 percent cotton
do
Spindle hours operated, all fibers, total.mil. of hr_.
Average per working day
do
Consuming 100 percent cotton
_ _ _ do_ _
Operations as percent of capacity

39.77
46.6
23.0
23.0

38.77
45.4
(0
20.9

37.62
41.5
17.4
18.1

33.88
40.5
17.2
18.1

31.20
40 7
17.1
18.4

28.72
41.6
17.8
19.3

29.95
42 7
18.1
19.8

.867
1.127

.806
1.058

.767
.968

.720
.926

712
.911

.769
.948

.791
.960

22, 198
20, 962
10, 272
514
9,661
138.6

22, 140
20, 884
9,877
412
9,260
110.9

22, 000
20, 755
9,368
468
8,786
126.3

21,895
20, 714
9,247
474
8,745
127.8

21, 609
20, 394
11, 393
460
10, 721
124.1

21, 758
20, 519
9,050
464
8,486
125.4

21, 516
20, 264
8,336
439
7,823
118.4

21, 360
20, 102
11, 399
465
10,686
125. 8

21, 126
19, 854
9,265
471
8,696
127.3

21, 159
19, 885
9,040
452
8,478
122.3

20, 910
19, 613
10, 607
424
9, 948
114.5

20, 834
19, 513
8,110
416
7,532
112.0

20, 770
19, 543
8,700
435
8,102
117.3

83.4
26.3

78.7
28.4

69.6
28.5

57.1
24.8

56.4
26.0

56.9
27.0

57.5
23.9

63.0
27.3

57.8
23.6

55.6
19.9

57.6
21.6

66.9
24.1

75.0
27.2

12.7
4.2
9,696

20.0
4.9
9,738

36.1
6.1
7,810

54.2
8.7
7,591

73.2
9.4
6,506

84.2
10.7
5,149

91.3
15.2
5,946

97.5
15.2
8,011

99.3
15.7
9,509

101.7
18.0
11,194

99.1
18.9
7,128

90.0
17.8
3,864

78.9
14.9

.780
.400

.780
.400

.780
.400

.780
.400

.780
.400

.780
.400

.780
.400

.780
.400

.780
.400

.780
.400

.780
.400

.780
.400

.780
.400

364

577

645

842

708

848

1,524

1,205

975

705

861

4.37

4.30

4.13

4.42

4.65

4.68

4.78

4.82

4.97

4.91

4.89

'4.90

33, 376
6,560
45, 211

30,700
2,395
33, 761

28, 892
4,388
41, 850

27, 392
4,500
23, 340

31, 700
7,895
32, 026

25, 368
6,728
29, 665

25, 116
7,084
39, 649

29,330
11, 005
42, 487

24, 756
9,720
40, 557

23, 924
9,252
42, 820

2

2

2

2

2

2

2 1. 850

2

2

2

. 730

'. 991

RAYON AND MANUFACTURES AND SILK
Rayon yarn and staple fiber:
Consumption:
Filament yarn
mil. oflb_
Staple
fiber
do __
Stocks, producers', end of month:
Filament yarn
_ _ _ _ _
do
Staple
fiber
do _
Imports
thous. of Ib
Prices, wholesale:
Yarn, viscose, 150 denier, filament, f. o. b. shipping point*
dol. per lb__
Staple fiber viscose l^_i denier
do
Rayon and acetate broad -woven goods, production,

596 707

Silk, raw:
Imports
thous. of Ib
Price, wholesale, white, Japanese, 20/22 denier,
87% (A A), f. o. b. warehouse 9
dol. perlb__

375

445 602

425 004

411 100

r

4.95

WOOL
Consumption (scoured basis) :§
Apparel class
thous. of Ib
Carpet class
do
Imports
-_
_-do
Prices, wholesale, Boston:
Raw, territory, 64s, 70s, 80s, scoured-. -dol. per lb__
Raw, bright fleece, 56s, 58s, greasy, 47 percent
shrinkage
_dol. p e r l b _ _
Australian, 64s, 70s, good topmaking, scoured, in
bond
- dol. per Ib
WOOL

2. 850

2

2. 450

2. 230

.872

.982

1.125
2 2. 825

2. 600

2

2. 200

1.825
2

.730

21.825

1. 980

2

.770
2

1. 820

1.962

2

.762

1. 750

.722

.740
2

1. 650

1. 820

2

1. 725

2

1. 644

1. 600

' 30, 020
11, 020
51, 018

r

?

1. 580

25, 548
8,552
44, 934
2

1. 594

.644

.638

.598

.585

1. 562

2 1. 375

1.375

1.425

2

1. 600

2

1. 425

.585

MANUFACTURES

Machinery activity (weekly average) : §
Looms:©
Woolen and worsted:
136
145
147
124
130
139
129
139
130
141
110
145
Pile and Jacquard tbous of active hours
r
1,592
1, 646
1, 534
1,735
1,745
1,750
1,787
1,685
1,908
1,763
1,772
2 252
Broad
do
19
13
16
9
11
10
13
14
13
14
18
18
Narrow
do
Carpet and rug:
128
117
119
112
98
96
100
89
126
89
46
116
Broad
do
51
41
48
50
43
46
47
45
41
25
50
64
Narrow
do
Spinning spindles:
67, 953 'r 63, 457 67, 804
69, 869
72, 835
70, 034
70, 037
58, 540
73, 268
67, 806
79, 070
71, 567
"Woolen
do
72, 644
71, 007
70, 481
77, 098
76, 698
72, 078
74, 786
68. 175
83, 351
77, 342
75, 843
100, 875
Worsted©
do
119
120
124
120
121
120
110
119
129
142
131
184
Worsted combs
do
Wool yarn:
r
60, 115
51,092
50, 984
61,670
49, 004
60, 710
51, 232
48, 648
52, 356
53, 472
50, 665
59, 376
Production total §©
thous. of Ib
5,356 r ' 6, 705
6,036
5,572
6,092
6,150
6,795
4,856
5,416
5, 315
6,008
6,336
Knitting §
do
34, 056
40, 290
44, 465
35, 364
34, 204
40, 305
36, 708
36, 520
35, 768
40, 225
39, 036
42, 160
Weaving §
_ _ _ _ _ do
11,572 r 13, 120
8,952
8,784
10, 852
11,612
14, 255
10, 410
7,312
6,712
5,125
10, 880
Carpet and other§
do
Price, wholesale, worsted yarn (Bradford
2.219
2.098
2.389
2.477
2.453
2.110
2.128
2.286
2.410
2.358
2.695
2.817
machine knitting system) 2/20s*___dol. per lb__
r
2
3
Revised.
* No quotation.
Nominal price.
Substituted series. Quotations cover cotton yarns, natural stock, on cones or tubes, f. o. b. mill; $0.784, carded weaving yarn; $1.069,
combed knitting yarn. Earlier data are not available for publication.
* Specification changed; earlier data not strictly comparable.
^Data for July and October 1951 and January and April 1952 cover 5-week periods and for other months, 4 weeks; stock data and number of active spindles are for end of period covered.
cf Beginning 1951, production of broad-woven goods is classified according to principal fiber content; production of fabrics containing 25.0-49.9 percent wool (which cannot be distributed
between cotton and rayon goods) and rayon and cotton fabrics produced on woolen and worsted looms amounted to approximately 73 million yards in 1950.
9 Substituted series. Data beginning January 1950 will be shown later.
§Data for July and October 1951 and January and April 1952 cover 5-week periods; other months, 4 weeks.
©Beginning 1951, looms weaving fabrics principally wool by weight.
©See note in August 1951 SURVEY regarding coverage of operations in cotton mills beginning with January 1951 data.
*New series. Compiled by the U. S. Department of Labor, Bureau of Labor Statistics; monthly data beginning 1947 will be shown later.




SURVEY OF CURRENT BUSINESS

S-40

August 1952
1952

1951

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

August

July

June

September

October

November

December

January

February

March

May

April

June

TEXTILE PRODUCTS—Continued
WOOL MANUFACTURES~Contiimed
Woolen and worsted woven goods, except woven
felts :t
Production quarterly total
thous of lin yd
Appa i laDnc,., TOT
__ - - nth
TV/T

th

P

'

r1V>

W
TTI
)s
vv omen

anaj

T n t " W i p r s ~ total

do

""'

' '
h'lrl
'«?"
cniiaren
s ~

Blanketing

do

_-

do

do

Prices, wholesale, f. o. b. mill:
Suiting, gabardine, 56"/58"*
dol. per yd..
Women's dress goods, flannel, 8 oz., 54-inch
dol. per yd._

96, 746
79 874
23, 451
56 423
29, 666
26 757
16, 872
8,065
8,807

87,067
75, 494
23,102
52, 392
24,658
27, 734
11, 573
6,611
4,962

90, 034
76,414
29, 513
46, 901
19, 868
27, 033
13, 620
7,989
5,631

84, 570
68, 903
32 474
36, 429
17 180
19, 249
15, 667
9,560
6,107

4.562

4.381

4.381

4.381

3.572

3.713

3.302

3.302

3.302

3.302

2.722

2.722

3.713

3.713

3.713

i 3. 696

3.696

2.822

2.822

330
115

3.696

TRANSPORTATION EQUIPMENT
AIRCRAFT
Civil aircraft shipments

number

216
66

207
103

171
48

184
62

124
49

162
62

152
69

224
42

227
212

248
73

291
149

617, 685
838
773
482, 029
457, 293
134, 818
115,079

492, 316
665
630
381, 407
359, 276
110, 244
91, 517

549, 708
783
778
426, 932
404, 590
121, 993
99, 007

476, 002
743
660
365, 906
350, 246
109,353
90, 445

526, 447
1,174
1,108
414, 533
401, 392
110, 740
92, 275

450, 416
833
710
356, 500
346, 048
93, 083
75, 653

380, 650
845
746
292, 799
284, 323
87, 006
70, 834

375, 410
778
755
273, 572
258, 457
101, 060
85, 194

435, 216

482, 973

529, 585

333, 885
315, 499
100, 706
84, 670

373, 231
352, 645
109, 173
92, 033

38, 978
22, 567
16,411

39, 272
21, 148
18, 124

40,364
19, 638
20, 726

39, 401
18, 986
20, 415

26, 264
11, 777
14, 487

35, 173
14, 582
20,591

31, 806
10, 372
21, 434

22, 100
9,205
12, 895

30, 914
14, 272
16 642

5,591
5,330
2,685
2,645
261

4,648
4,416
1,984
2,432
232

4,763
4,475
1,697
2,778
288

4,598
4,344
1,599
2,745
254

5,605
5,304
2,251
3, 053
301

4,704
4,441
1,853
2,588
263

4,634
4,366
1,859
2,507
268

5,013
4,657
1,950
2,707
313

454, 665
87, 461

406, 333
84, 021

424, 422
87,646

406, 217
84, 814

373, 162
92, 281

332, 099
76, 517

310, 084
62, 596

9,644
7,185
7,185
2,459
38
34
13
4

5,290
4,014
4,014
1,276
19
19
10
0

7,183
5, 156
5,156
2,027
14
14
2
0

8,578
5,755
5,755
2,823
25
25
16
0

10, 129
6,794
6,777
3,335
22
22
18
0

9,845
6,336
6,315
3,509
45
45
18
0

1, 736

1,736

1,737

1,741

1,743

90
5.2
128, 540
86, 935
41, 605

96
5.5
125, 846
84, 858
40, 988

91
5.3
121, 359
81,623
39, 736

92
5.3
118,073
80, 522
37, 551

87
5.0
113, 394
76, 530
36, 864

3,003
12.6

3,048
13.0

3,091
13.3

3,180
13.9

14
0
14
1,660
1,660
0

12
0
12
1,590
1,590
0

10
0
10
1,547
1,547
0

39
1
38

48
0
48

604
519
85

538
484
54

MOTOR VEHICLES
Factory sales, total
Coaches, total
Domestic
Passenger cars, total
Domestic
Trucks total
Domestic

_

Exports totalt
Passenger cars
Trucks and bussest

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

Truck trailers, production, total
Complete trailers
.
Vans
. All other
Trailer chassis
_ _ _
Registrations:
New passenger cars
New commercial cars

do
do
_ do_ _
do
do
do
do

' 503, 917

518, 710

416, 155
396, 912
112, 833
97, 591

397, 836
381. 014
' 105, 658
'90,921

408, 250
392, 504
109, 976
94, 929

33, 778
16, 250
17, 528

32, 160
17, 021
15, 139

32, 759
18,007
14, 752

4,655
4,416
1,873
2,543

219

5,124
4,733
1,994
2,739
364

5,298
4,833
1,963
2,870
369

5,163
4,602
1,854
2,748
335

4,029
3,681
1,219
2,462
292

301, 379
59, 661

295, 479
59,285

322, 857
63, 364

374, 288
73, 461

' 422, 217
r
71, 690

423, 655
71, 471

8,470
5,690
5,678
2,780
25
25
14
0

8,643
6 082
6,082
2 561
8
8
8
0

7,383
5,494
5,494
1,889
21
21
10
0

8,161
5 840
5,838
2 321

4
4
4

7,433
5 234
5 204
2 199
12
12
12

7,263
5,171
4,765
2,092
2
2
2

o

6,539
4,976
4,848
1, 563
13
13
13
0

1,748

1,752

1,755

1,758

1,761

1 761

1,763

1,764

84
4.8
110, 325
70, 914
39, 411

90
5.2
104, 831
67, 973
36, 858

87
5.0
98, 566
63, 482
35, 084

87
5.0
93,605
60,107
33, 498

89
5. 1
91, 056
58 234
32, 822

93
53
89 917
54 810
35 107

96
5.5
84, 341
51, 198
33, 143

101
5.7
109, 559
77, 984
31, 575

3,009
13.5

2,901
13.3

2,718
12.8

2,643
12.7

2,701
13 3

2,480
12 6

2,502
13 0

2,237
12 1

2,170
12 0

23
0
23
1,804
1,804
0

21
0
21
1,721
1,721
0

20
0
20
1,789
1,789
0

19
0
19
1,720
1,720
0

18
0
18
1,594
1,594

17
0
17

16

30

28

26

1,573
1,573

16

1 441
1,441

30

28

1 463
1,463

1 347
1,347

63
0
63

50
1
49

60
1
59

65
3
62

37
1
36

273

37

56

59

39

591
529
62

447
385
62

587
545
42

728
652
76

673
581
92

658
607
51

681
611
70

702
646
56

643
598
45

625
525

569
499

597
507

423
329

484
382

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__

o

o

o

o

o

o

o

o

o

o

o

26

1 156
1,156

o

INDUSTRIAL ELECTRIC TRUCKS AND
TRACTORS
Shipments, total
Domestic
Export

_

number
do
do. _

r

Revised.
* Preliminary.
1 Specification changed; earlier data not strictly comparable.
2 Beginning 1952, detailed statistics are not available.
tRevised 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 bv weight fi e exclude
fabrics containing 25^49.9 percent wool previously included).
j
&
• •»
^Excludes "special category" exports not shown separately for security reasons. Beginning 1952, data for exports of passenger cars, trucks, and busses exclude all military exports
§Not including railroad-owned private refrigerator cars.
*New series. Compiled by 17. S. Department of Labor, Bureau of Labor Statistics. More complete specifications are: Worsted suiting, women's and children's sgabardine 1QM12J4 oz./yd.; monthly data for 1950 will be shown later.
' 7




U. S. G O V E R N M E N T P R I N T I N G OFFICE: 1952

•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, 6,8, 27
Aluminum
33
Animal fats, greases.
__.
25
Anthracite
2, 5, 11, 13, 14, 15, 34
Apparel, wearing
3, 4, 5, 6, 8, 9, 11, 12, 14, 15, 38
Asphalt and asphalt products
36
Automobiles
2, 3, 7, 8, 9,11,12,13,14,18, 21
Balance of payments
20
Banking..
15,16
Barley.
28
Barrels and drums
.
32
Battery shipments
34
Beef and veal
29
Beverages, alcoholic
2,6,8, 27
Bituminous coal
2,11,13,14,15,34,35
Boilers
33,34
Bonds, issues, prices, sales, yields
19
Book publication
__.
37
Brass
33
Brick
38
Brokers' loans
16,19
Building construction (see Construction).
Building contracts awarded
6
Building costs
_
7
Building materials
.
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 and concrete products..
2,6,38
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.
.
— 6, 30
Civil-service employees
12
Clay products (see also Stone, clay, etc.)
2.38
Clothing
...
5, 8, 9,11,12,14,15, 38
Coal
...
2, 5,11,13,14,15, 34, 35
Cocoa
29
Coffee
22,29
Coke
2,35
Commercial and industrial failures. „
4
Construction:
Contracts awarded
.
6
Costs
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
Corn
.
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
__ 5, 26
Electrical machinery and equipment
3,4,5, 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, prices, sales, revenues
5, 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 and products...
6, 38
Heating and ventilating equipment
6, 33,34
Hides and skins
.
5,22,30
Highways
.
6,7
Hogs____
29
Home Loan banks, loans outstanding
7
Home mortgages
7
Hosiery
38
Hotels.-..
11, 13, 14, 15, 23
Hours of work per week..
12,13
Housefurnishings
5,8,9
Housing
5,6,7,8
Immigration and emigration
23
Imports (see also individual commodities)
21,22
Income, personal
1
Income-tax receipts
16
Incorporations, business, new
4
Industrial production indexes
2,3
Instalment loans
16
Instalment sales, department stores
10
Insulating materials
34
Insurance, life
17,18
Interest and money rates
16
International transactions of the U. S
_ 20, 21, 22
Inventories, manufacturers' and trade
3,9,10
Iron and steel, crude and manufactures
2,
6,14,21,32,33
Jewelry stores, sales, inventories
8, 9
35
Kerosene
__
_
13
Labor disputes, turn-over.
Labor force
__
10
Lamb and mutton
29
29
Lard
33
Lead.
Leather and products
2, 3, 4, 5, 12, 14, 30, 31
Linseed oil,— 25
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, wool.
39
Machine tools
34
Machinery
2, 3, 4, 5,11,12,13, 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, 15, 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, 5, 8, 9, 40
Motors, electrical
_.
34
National income and product
1
Newspaper advertising
8
Newsprint
22,37
New York Stock Exchange
19,20
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
1
Personal saving and disposable income.
2,
Petroleum and products
3, 4,5,11,12,13,14,15, 21, 22, 35, 36
Pig iron..
32

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
1, 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, production
7,34
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
.
II, 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
.
l._
34
Street railways and buses
13,14,15,22
Sugar
22,30
Sulfur
_
25
Sulfuric acid
24
Superphosphate
24
Tea

30

Zinc.

33

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, 6, 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
16,17
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
13,14,15
Washers
34
Water heaters
_
34
Wax
36
Wheat and wheat
flour
19, 28
Wholesale price indexes
5, 6
Wholesale trade
10
Wood pulp
36
Wool and wool manufactures
2, 6, 22, 39, 40

A Regional Market Guide

State and Regional Economic Progress—
A detailed record covering two decades after 1929—with tables and charts showing each area's national ranking in various
fields of business and in resource use. Breaking down the national indexes of business growth, this volume shows the
chief reasons for the pre- and post-war differences in the various regions, and the varying rates at which per capita income
is being raised.
REGIONAL TRENDS analyzes the pre- and posi» ar
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graphically illustrates their gains in the last 20 years, and
highlights the factors determining the level of per capita
income in each region.

Geographic distribution of industry and population
growth—conditions influencing regional variations in income
—are analyzed along with regional differences in production,
investment, and trade, to give a clear picture of State and
regional economic progress.

REGIONAL TRENDS, a fact-finding report issued by the
Office of Business Economics, U. S. Department of
Commerce, as a supplement to its monthly magazine Survey
of Current Business, carries a Statistical Appendix furnishing
a wealth of data on income, population, employment, production, agriculture, mining, forestry, and resource development for every State and region,
Regional Trends in the United States Economy is now available from the nearest
Department of Commerce field office or from the Superintendent of Documents, U. S. Government
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